Skip to content
Nonprofiteer
← ELIZABETH CITY STATE UNIVERSITY FOUNDATION

Form 990 for tax year 2023

Filed by ELIZABETH CITY STATE UNIVERSITY FOUNDATION.

Totals

Total revenue
$3,350,015
Total expenses
$2,418,589
Contributions and grants received
$1,961,293
Grants paid
$616,926
Program service revenue
$821,404
Investment income
$484,597
Other revenue
$82,721
Total assets, end of year
$21,460,773
Total liabilities, end of year
$18,684,688
Net assets or fund balances, end of year
$2,776,085
Program services expenses (Part IX)
$1,827,832
Management and general expenses
$590,757
Fundraising expenses
$0
Program service expenses (Part III)
$1,827,832

Program services were 75.6% 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.

  • 1c · Fundraising events

    $152,330

  • 1e · Government grants (contributions)

    $84,000

  • 1f · All other contributions, gifts and grants

    $1,724,963

  • 2a · Program service revenue: STUDENT HOUSING RENTAL INCOME

    total $821,404 · related or exempt $821,404

  • 3 · Investment income

    total $385,897 · excluded $385,897

  • 7a · Gross sales of assets other than inventory

    securities $2,401,349

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

    securities $2,302,649

  • 7c · Gain or loss

    securities $98,700

  • 7d · Net gain or loss

    total $98,700 · excluded $98,700

  • 8a · Fundraising events: gross income

    $65,075

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

    $152,330

  • 8b · Fundraising events: direct expenses

    $21,489

  • 8c · Net income from fundraising events

    total $43,586 · excluded $43,586

  • 11d · All other revenue

    total $39,135 · related or exempt $39,135

  • 11e · Other revenue, total

    $39,135

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $616,926 · program services $616,926

  • 11c · Fees: accounting

    total $33,042 · management and general $33,042

  • 11f · Fees: investment management

    total $33,616 · management and general $33,616

  • 11g · Fees: other

    total $483,000 · program services $289,800 · management and general $193,200

  • 12 · Advertising and promotion

    total $11,873 · program services $7,124 · management and general $4,749

  • 13 · Office expenses

    total $311,857 · program services $187,114 · management and general $124,743

  • 14 · Information technology

    total $853 · program services $512 · management and general $341

  • 17 · Travel

    total $155,440 · program services $93,264 · management and general $62,176

  • 20 · Interest

    total $426,986 · program services $426,986

  • 22 · Depreciation, depletion and amortization

    total $218,240 · program services $130,944 · management and general $87,296

  • 23 · Insurance

    total $7,533 · program services $4,520 · management and general $3,013

  • 24a · Other expenses: SUPPLIES

    total $116,975 · program services $70,185 · management and general $46,790

  • 24e · All other expenses

    total $2,248 · program services $457 · management and general $1,791

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,705,774 · end of year $5,066,499

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,033 · end of year $206

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

    $8,600,762

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

    $1,157,147

  • 10c · Land, buildings and equipment, net

    beginning of year $7,645,921 · end of year $7,443,615

  • 11 · Investments: publicly traded securities

    beginning of year $7,728,344 · end of year $8,782,139

  • 15 · Other assets

    beginning of year $151,102 · end of year $168,314

  • 17 · Accounts payable and accrued expenses

    beginning of year $165,282 · end of year $62,652

  • 19 · Deferred revenue

    beginning of year $28,763 · end of year $28,763

  • 23 · Secured mortgages and notes payable

    beginning of year $18,987,459 · end of year $18,593,273

  • 27 · Net assets without donor restrictions

    beginning of year -$5,042,123 · end of year -$4,255,062

  • 28 · Net assets with donor restrictions

    beginning of year $6,094,793 · end of year $7,031,147

Mission and programs · 2023

Mission

ELIZABETH CITY STATE UNIVERSITY ENSURES ACCESS TO EXCELLENT, STUDENT-CENTERED, EXPERIENTIAL LEARNING. ECSU OFFERS BACHELOR'S, PROFESSIONAL, AND MASTER'S DEGREES. THROUGH PRACTICAL EDUCATION, APPLIED RESEARCH, AND PUBLIC AND PRIVATE PARTNERSHIPS, WE PREPARE A DIVERSE STUDENT BODY FOR PERSONAL AND PROFESSIONAL SUCCESS TO POSITIVELY IMPACT THE REGION, STATE, NATION, AND BEYOND.

Activities or mission (Part I)

SEE SCHEDULE O

  • PROVIDED FUNDING TO UNIVERSITY FOR DORMITORY RENOVATIONS.

    Expenses $249,866 · Grants $249,866

  • THE ECSU FOUNDATION PROVIDED SCHOLARSHIPS TO STUDENTS AT ELIZABETH CITY STATE UNIVERSITY.

    Expenses $367,060 · Grants $367,060

  • PROVIDED HOUSING FOR STUDENTS OF ELIZABETH CITY STATE UNIVERSITY THROUGH VIKINGS VILLAGE APARTMENTS.

    Expenses $1,210,906 · Revenue $860,539

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kimrey Rhinehardt

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    4

  • Bernadine A Cobb

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Jermaine McKinley

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Lenora Jarvis-Mackey

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Dr Karrie G Dixon

    CHANCELLOR

    Total calculated
    $0
    Hours/week
    2

  • Jennifer Bailey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Col Randy B Bell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • James Bell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • James Cherry III

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Diana M Gardner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Emmanuel D Harris

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Elston Howell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sadie Johnson Carter

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Christian Lewis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Timothy Minor

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Annalisa Carawan Morgan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rev Jerry Spruell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Raymond Weaver

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Lisa Westbrook

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Kevin Wade

    EXECUTIVE DIRECTOR

    Total calculated
    $162,424
    From this org
    $0
    From related orgs
    $117,490
    Other
    $44,934
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $117,490 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $37,825 related
    Nontaxable benefits
    $0 + $7,109 related
    Filer's total
    $0 + $162,424 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

None.

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

  • ELIZABETH CITY STATE UNIVERSITY

    $367,060

    DORMITORY RENOVATIONS

  • ELIZABETH CITY STATE UNIVERSITY

    $249,866

    SCHOLARSHIPS TO ECSU STUDENTS

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.

  • ELIZABETH CITY STATE UNIVERSITY

    170(C)(1) · UNIVERSITY OFFERING BACCALAURATE AND GRADUATE PROGRAMS · NC · controlled entity

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • ECSU HOUSING FOUNDATION

    SUPPORT UNIVERSITY AND CONSTRUCT STUDENT HOUSING · NC · income $0 · assets $7,427,681

    Directly controlled by ELIZABETH CITY STATE UNIVERSITY FOUNDATION

Provenance

Return type
form_990
Tax year
2023
Filed
19 March 2025
IRS schema version
2023v6.0
Source object
202530909349301218

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.