Form 990 for tax year 2023
Filed by NC STATE ENGINEERING FOUNDATION INC.
Totals
- Total revenue
- $13,727,584
- Total expenses
- $17,256,097
- Contributions and grants received
- $9,514,422
- Grants paid
- $6,125,955
- Program service revenue
- $73,366
- Investment income
- $4,119,222
- Other revenue
- $20,574
- Total assets, end of year
- $183,717,587
- Total liabilities, end of year
- $1,008,568
- Net assets or fund balances, end of year
- $182,709,019
- Program services expenses (Part IX)
- $16,101,524
- Management and general expenses
- $87,500
- Fundraising expenses
- $1,067,073
- Program service expenses (Part III)
- $16,101,524
Program services were 93.3% 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
$6,400
-
1f · All other contributions, gifts and grants
$9,508,022
-
1g · Noncash contributions included above
$1,065,740
-
2a · Program service revenue: PROGRAM REVENUES
total $73,366 · related or exempt $73,366
-
3 · Investment income
total $788,133 · excluded $788,133
-
7a · Gross sales of assets other than inventory
securities $9,097,586
-
7b · Less cost or other basis and sales expenses
securities $5,766,497
-
7c · Gain or loss
securities $3,331,089
-
7d · Net gain or loss
total $3,331,089 · excluded $3,331,089
-
8a · Fundraising events: gross income
$74,890
-
8a · Fundraising events: contributions included on line 1c
$6,400
-
8b · Fundraising events: direct expenses
$54,316
-
8c · Net income from fundraising events
total $20,574 · excluded $20,574
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $6,125,955 · program services $6,125,955
-
7 · Other salaries and wages
total $656,352 · fundraising $656,352
-
11b · Fees: legal
total $11,402 · program services $3,226 · fundraising $8,176
-
11c · Fees: accounting
total $87,500 · management and general $87,500
-
12 · Advertising and promotion
total $104,235 · program services $103,214 · fundraising $1,021
-
13 · Office expenses
total $110,665 · program services $61,424 · fundraising $49,241
-
16 · Occupancy
total $323,126 · program services $323,126
-
17 · Travel
total $723,472 · program services $689,241 · fundraising $34,231
-
19 · Conferences, conventions and meetings
total $278,843 · program services $215,751 · fundraising $63,092
-
23 · Insurance
total $20,048 · program services $8,675 · fundraising $11,373
-
24a · Other expenses: CAPITAL TRANSFERS
total $5,380,682 · program services $5,380,682
-
24b · Other expenses: SERVICES & FEES
total $1,893,147 · program services $1,817,505 · fundraising $75,642
-
24c · Other expenses: SUPPLIES
total $654,385 · program services $640,614 · fundraising $13,771
-
24d · Other expenses: EDUCATIONAL EQUIPMENT
total $315,526 · program services $303,792 · fundraising $11,734
-
24e · All other expenses
total $570,759 · program services $428,319 · fundraising $142,440
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $28,735,610 · end of year $23,565,701
-
3 · Pledges and grants receivable
beginning of year $6,002,079 · end of year $4,776,094
-
12 · Investments: other securities
beginning of year $138,991,820 · end of year $155,203,462
-
15 · Other assets
beginning of year $55,941 · end of year $172,330
-
17 · Accounts payable and accrued expenses
beginning of year $2,865 · end of year $0
-
25 · Other liabilities
beginning of year $1,085,800 · end of year $1,008,568
-
27 · Net assets without donor restrictions
beginning of year $6,315,082 · end of year $7,874,539
-
28 · Net assets with donor restrictions
beginning of year $166,381,703 · end of year $174,834,480
Mission and programs · 2023
Mission
TO AID AND PROMOTE, BY FINANCIAL ASSISTANCE AND OTHERWISE, EDUCATIONAL, RESEARCH, AND EXTENSION IN THE COLLEGE OF ENGINEERING AT NORTH CAROLINA STATE UNIVERSITY
Activities or mission (Part I)
AIDS AND PROMOTES, BY FINANCIAL ASSISTANCE AND OTHERWISE, EDUCATIONAL, RESEARCH, AND EXTENSION IN THE COLLEGE OF ENGINEERING AT NORTH CAROLINA STATE UNIVERSITY
-
AIDS AND PROMOTES, BY FINANCIAL ASSISTANCE AND OTHERWISE, EDUCATIONAL, RESEARCH, AND EXTENSION IN THE COLLEGE OF ENGINEERING AT NORTH CAROLINA STATE UNIVERSITY
Expenses $16,101,524 · Grants $6,125,955 · Revenue $73,366
As filed on the 2023 return.
Listed in Part VII
-
Bobby BarnesBOBBY BARNES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bhavana BartholfBHAVANA BARTHOLF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Marcus BelvinMARCUS BELVIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
James BrinkleyJAMES BRINKLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ryan BurkettRYAN BURKETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Linda ButlerLINDA BUTLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Wesley CovellWESLEY COVELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David DoveDAVID DOVE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Steffanie EasterSTEFFANIE EASTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Basil HassanBASIL HASSAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jacob HooksJACOB HOOKS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Seneca JacobsSENECA JACOBS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Robert LoftisROBERT LOFTIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Helene LollisHELENE LOLLIS
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Tiffany MooreTIFFANY MOORE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Deval ParikhDEVAL PARIKH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Andrew PitaANDREW PITA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer RhatiganJENNIFER RHATIGAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Anna Beth SmithANNA BETH SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
D StablerD STABLER
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
James StewartJAMES STEWART
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Radhika VenkatramanRADHIKA VENKATRAMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David WagnerDAVID WAGNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Hannibal WarrenHANNIBAL WARREN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David WhitleyDAVID WHITLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Samuel WurstSAMUEL WURST
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mark WyattMARK WYATT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Deborah YoungDEBORAH YOUNG
IMMEDIATE PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Erin DelehantyERIN DELEHANTY
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
-
Griffin LambGRIFFIN LAMB
SECRETARY
- Total calculated
- $261,251
- From this org
- $0
- From related orgs
- $223,924
- Other
- $37,327
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $216,424 related
- Bonus
- $0
- Other
- $0 + $7,500 related
- Deferred
- $0 + $30,218 related
- Nontaxable benefits
- $0 + $7,109 related
- Filer's total
- $0 + $261,251 related
-
Walter PfaendtnerWALTER PFAENDTNER
DIRECTOR
- Total calculated
- $232,450
- From this org
- $0
- From related orgs
- $205,144
- Other
- $27,306
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $168,254 related
- Bonus
- $0
- Other
- $0 + $36,890 related
- Deferred
- $0 + $23,707 related
- Nontaxable benefits
- $0 + $3,599 related
- Filer's total
- $0 + $232,450 related
-
Pamela TownsendPAMELA TOWNSEND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dana HarrisDANA HARRIS
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
-
Louis Martin-VegaLOUIS MARTIN-VEGA
FORMER DIRECTOR
- Total calculated
- $449,420
- From this org
- $0
- From related orgs
- $396,316
- Other
- $53,104
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $351,769 related
- Bonus
- $0
- Other
- $0 + $44,547 related
- Deferred
- $0 + $45,995 related
- Nontaxable benefits
- $0 + $7,109 related
- Filer's total
- $0 + $449,420 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
The filer's explanations (Part III)
- SCHEDULE J, PART II - COMPENSATION FROM RELATED ORGANIZATIONS
- THE BOARD MEMBERS THAT ARE COMPENSATED RECEIVE COMPENSATION FROM NC STATE UNIVERSITY, A 170(C)(1) ORGANIZATION RELATED TO THE N.C. STATE ENGINEERING FOUNDATION.
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
$6,125,955
SCHOLARSHIPS, FACULTY SUPPORT, DEPARTMENTAL SUPPORT, AND FACILITY 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.
-
NORTH CAROLINA STATE UNIVERSITY
170(C)(1) · EDUCATION · NC
-
NORTH CAROLINA STATE UNIVERSITY FOUNDATION INC
501(C)(3) · SUPPORTS THE VARIOUS COLLEGES WITHIN THE UNIVERSITY · NC
-
501(C)(3) · INVESTS FUNDS OF NC STATE UNIVERSITY ENDOWMENT AND RELATED ENTITIES · NC
-
NORTH CAROLINA STATE UNIVERSITY ALUMNI ASSOCIATION INC
501(C)(3) · PROMOTES ALUMNI AFFAIRS & AWARENESS OF NCSU IN THE COMMUNITY · NC
-
THE NORTH CAROLINA AGRICULTURAL FOUNDATION INC
501(C)(3) · SUPPORTS THE COLLEGE OF AGRICULTURE & LIFE SCIENCES AT NCSU · NC
-
NC STATE UNIVERSITY COLLEGE OF SCIENCES FOUNDATION INC
501(C)(3) · SUPPORTS THE COLLEGE OF SCIENCES AT NCSU · NC
-
NORTH CAROLINA VETERINARY MEDICAL FOUNDATION INC
501(C)(3) · SUPPORT ORGANIZATION OF NC STATE UNIVERSITY · NC
-
NC STATE NATURAL RESOURCES FOUNDATION INC
501(C)(3) · SUPPORT ORGANIZATION OF NC STATE UNIVERSITY · NC
-
NC STATE UNIVERSITY PARTNERSHIP CORPORATION
501(C)(3) · SUPPORT ORGANIZATION OF NC STATE UNIVERSITY · NC
-
NORTH CAROLINA TEXTILE FOUNDATION INC
501(C)(3) · AIDS EDUCATION AND RESEARCH IN THE COLLEGE OF TEXTILES OF NCSU · NC
-
NC STATE UNIVERSITY STUDENT AID ASSOCIATION INC
501(C)(3) · SUPPORTS ATHLETIC PROGRAM AT NCSU · NC
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.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
CHARITABLE REMAINDER TRUSTS (6)
T · ASSET INVESTMENT · NC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 30 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403049349301645
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