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Nonprofiteer
← NORTH CAROLINA STATE UNIVERSITY ALUMNI ASSOCIATION

Form 990 for tax year 2023

Filed by NORTH CAROLINA STATE UNIVERSITY ALUMNI ASSOCIATION.

Totals

Total revenue
$5,665,451
Total expenses
$4,074,366
Contributions and grants received
$3,052,669
Grants paid
$1,182,457
Program service revenue
$586,213
Investment income
$1,815,582
Other revenue
$210,987
Total assets, end of year
$69,642,342
Total liabilities, end of year
$109,922
Net assets or fund balances, end of year
$69,532,420
Program services expenses (Part IX)
$2,430,206
Management and general expenses
$257,393
Fundraising expenses
$1,386,767
Program service expenses (Part III)
$2,430,206

Program services were 59.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $24,762

  • 1c · Fundraising events

    $27,500

  • 1d · Related organizations

    $500,000

  • 1f · All other contributions, gifts and grants

    $2,500,407

  • 1g · Noncash contributions included above

    $159,641

  • 2a · Program service revenue: OTHER PROGRAMS

    total $275,138 · related or exempt $275,138

  • 2b · Program service revenue: TRAVEL PROGRAM

    total $181,524 · related or exempt $181,524

  • 2c · Program service revenue: EVENTS

    total $125,201 · related or exempt $125,201

  • 2d · Program service revenue: ALUMNI MAGAZINE AND ADVERTISING

    total $4,350 · unrelated business $4,350

  • 3 · Investment income

    total $65,058 · excluded $65,058

  • 5 · Royalties

    total $64,024 · excluded $64,024

  • 7a · Gross sales of assets other than inventory

    securities $2,880,910

  • 7b · Less cost or other basis and sales expenses

    securities $1,130,386

  • 7c · Gain or loss

    securities $1,750,524

  • 7d · Net gain or loss

    total $1,750,524 · excluded $1,750,524

  • 8a · Fundraising events: gross income

    $20,830

  • 8a · Fundraising events: contributions included on line 1c

    $27,500

  • 8b · Fundraising events: direct expenses

    $143,641

  • 8c · Net income from fundraising events

    total -$122,811 · excluded -$122,811

  • 11a · Other revenue: NC STATE CLUB

    total $269,774 · excluded $269,774

  • 11e · Other revenue, total

    $269,774

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,182,457 · program services $1,182,457

  • 7 · Other salaries and wages

    total $763,555 · management and general $624 · fundraising $762,931

  • 11c · Fees: accounting

    total $58,000 · management and general $58,000

  • 12 · Advertising and promotion

    total $1,072 · program services $1,072

  • 13 · Office expenses

    total $49,964 · program services $35,838 · management and general $353 · fundraising $13,773

  • 16 · Occupancy

    total $56,135 · program services $1,608 · management and general $54,527

  • 17 · Travel

    total $165,593 · program services $154,691 · management and general $152 · fundraising $10,750

  • 19 · Conferences, conventions and meetings

    total $103,495 · program services $85,660 · management and general $4,231 · fundraising $13,604

  • 23 · Insurance

    total $45,052 · program services $2,189 · fundraising $42,863

  • 24a · Other expenses: SERVICES & FEES

    total $903,673 · program services $323,351 · management and general $61,393 · fundraising $518,929

  • 24b · Other expenses: CONTRACTED SERVICES

    total $243,529 · program services $227,799 · management and general $15,730

  • 24c · Other expenses: EQUIPMENT RENTAL & MAIN

    total $213,425 · program services $147,727 · management and general $51,777 · fundraising $13,921

  • 24d · Other expenses: SUPPLIES

    total $199,287 · program services $192,881 · management and general $3,546 · fundraising $2,860

  • 24e · All other expenses

    total $89,129 · program services $74,933 · management and general $7,060 · fundraising $7,136

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $3,558,323 · end of year $3,833,264

  • 3 · Pledges and grants receivable

    beginning of year $329,106 · end of year $1,520,665

  • 10a · Land, buildings and equipment: cost or other basis

    $2,119,338

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,119,338

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $58,860,993 · end of year $64,047,019

  • 15 · Other assets

    beginning of year $231,079 · end of year $241,394

  • 17 · Accounts payable and accrued expenses

    beginning of year $94,035 · end of year $0

  • 25 · Other liabilities

    beginning of year $101,407 · end of year $109,922

  • 27 · Net assets without donor restrictions

    beginning of year $15,303,896 · end of year $16,230,566

  • 28 · Net assets with donor restrictions

    beginning of year $47,480,163 · end of year $53,301,854

Mission and programs · 2023

Mission

THE NC STATE ALUMNI ASSOCIATION ENGAGES ALUMNI AND FRIENDS THROUGH PROGRAMS AND SERVICES THAT FOSTER PRIDE AND ENHANCE A LIFELONG CONNECTION TO NC STATE UNIVERSITY ("NC STATE").

Activities or mission (Part I)

SEE SCHEDULE OTHE NC STATE ALUMNI ASSOCIATION ENGAGES ALUMNI AND FRIENDS THROUGH PROGRAMS AND SERVICES THAT FOSTER PRIDE AND ENHANCE A LIFELONG CONNECTION TO NC STATE UNIVERSITY ("NC STATE").

  • NCSU ALUMNI ASSOCIATION PUBLISHES AN ALUMNI MAGAZINE, SERVES AS AN ORGANIZER FOR ALUMNI FUNCTIONS, AWARDS SCHOLARSHIPS AND PROMOTES AWARENESS OF NCSU IN THE COMMUNITY.

    Expenses $2,430,206 · Grants $1,182,457 · Revenue $581,863

As filed on the 2023 return.

Listed in Part VII

  • Lydenise Berdecia-Rivera

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Susan Brooks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Charles Durant

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Edwin Foulke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Holm

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kelly Hook

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kristen Khavari

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ged King

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jane Monaco

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Quauhtli Olivieri-Herrera

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • William Quick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Samantha Warren

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Angelo Williams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ryan Dejong

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Andrea Duhon

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Ryan Hester

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Katherine Stowe

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Reshunda Mahone

    EXECUTIVE DIRECTOR & ASST SECRETARY

    Total calculated
    $340,615
    From this org
    $0
    From related orgs
    $293,435
    Other
    $47,180
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $249,900 related
    Bonus
    $0
    Other
    $0 + $43,535 related
    Deferred
    $0 + $40,071 related
    Nontaxable benefits
    $0 + $7,109 related
    Filer's total
    $0 + $340,615 related

  • Derek Bryan

    EX-OFFICIO, ASSISTANT TREASURER

    Total calculated
    $213,679
    From this org
    $0
    From related orgs
    $165,567
    Other
    $48,112
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $165,567 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $41,003 related
    Nontaxable benefits
    $0 + $7,109 related
    Filer's total
    $0 + $213,679 related

  • Erin Delehanty

    EX-OFFICIO, ASSISTANT TREASURER

    Total calculated
    $242,020
    From this org
    $0
    From related orgs
    $188,285
    Other
    $53,735
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $188,285 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $46,626 related
    Nontaxable benefits
    $0 + $7,109 related
    Filer's total
    $0 + $242,020 related

  • Dana R Harris

    EX-OFFICIO, ASSISTANT TREASURER

    Total calculated
    $356,161
    From this org
    $0
    From related orgs
    $279,586
    Other
    $76,575
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $277,750 related
    Bonus
    $0
    Other
    $0 + $1,836 related
    Deferred
    $0 + $69,466 related
    Nontaxable benefits
    $0 + $7,109 related
    Filer's total
    $0 + $356,161 related

  • Brian Sischo

    DIRECTOR

    Total calculated
    $674,650
    From this org
    $0
    From related orgs
    $621,677
    Other
    $52,973
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $496,852 related
    Bonus
    $0
    Other
    $0 + $124,825 related
    Deferred
    $0 + $45,864 related
    Nontaxable benefits
    $0 + $7,109 related
    Filer's total
    $0 + $674,650 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • NORTH CAROLINA STATE UNIVERSITY

    $1,182,457

    SCHOLARSHIPS AND OTHER UNIVERSITY SUPPORT

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
18 December 2024
IRS schema version
2023v5.1
Source object
202443539349301304

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