Form 990 for tax year 2023
Filed by NORTH CAROLINA STATE UNIVERSITY FACULTY CLUB INC.
Totals
- Total revenue
- $6,256,398
- Total expenses
- $5,202,070
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $4,665,622
- Investment income
- $217,280
- Other revenue
- $1,373,496
- Total assets, end of year
- $20,880,766
- Total liabilities, end of year
- $4,352,281
- Net assets or fund balances, end of year
- $16,528,485
- Program services expenses (Part IX)
- $3,234,368
- Management and general expenses
- $1,967,702
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $3,234,368
Program services were 62.2% 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.
-
2a · Program service revenue: MEMBERSHIP DUES
total $4,665,622 · related or exempt $4,665,622
-
3 · Investment income
total $268,781 · related or exempt $238,675 · excluded $30,106
-
7a · Gross sales of assets other than inventory
securities $775,240
-
7b · Less cost or other basis and sales expenses
securities $826,741
-
7c · Gain or loss
securities -$51,501
-
7d · Net gain or loss
total -$51,501 · excluded -$51,501
-
10a · Gross sales of inventory
$2,080,820
-
10b · Cost of goods sold
$911,450
-
10c · Net income from sales of inventory
total $1,169,370 · related or exempt $1,169,370
-
11a · Other revenue: OTHER INCOME
total $204,126 · related or exempt $204,126
-
11e · Other revenue, total
$204,126
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $2,172,704 · program services $1,609,273 · management and general $563,431
-
8 · Pension plan contributions
total $10,000 · management and general $10,000
-
9 · Other employee benefits
total $164,369 · program services $113,879 · management and general $50,490
-
10 · Payroll taxes
total $177,499 · program services $136,828 · management and general $40,671
-
11f · Fees: investment management
total $7,265 · management and general $7,265
-
11g · Fees: other
total $859,896 · program services $673,820 · management and general $186,076
-
16 · Occupancy
total $284,636 · management and general $284,636
-
17 · Travel
total $37,299 · program services $3,286 · management and general $34,013
-
20 · Interest
total $126,238 · management and general $126,238
-
22 · Depreciation, depletion and amortization
total $460,273 · management and general $460,273
-
23 · Insurance
total $86,050 · management and general $86,050
-
24a · Other expenses: REPAIRS & MAINTENANCE
total $242,608 · program services $242,608
-
24b · Other expenses: OTHER
total $212,353 · program services $149,399 · management and general $62,954
-
24c · Other expenses: SUPPLIES
total $198,905 · program services $189,730 · management and general $9,175
-
24d · Other expenses: LINENS
total $71,790 · program services $71,790
-
24e · All other expenses
total $90,185 · program services $43,755 · management and general $46,430
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $6,571,814 · end of year $7,226,830
-
4 · Accounts receivable
beginning of year $567,361 · end of year $581,973
-
8 · Inventories for sale or use
beginning of year $68,775 · end of year $58,222
-
9 · Prepaid expenses and deferred charges
beginning of year $34,753 · end of year $24,636
-
10a · Land, buildings and equipment: cost or other basis
$16,787,650
-
10b · Land, buildings and equipment: accumulated depreciation
$4,853,014
-
10c · Land, buildings and equipment, net
beginning of year $9,249,848 · end of year $11,934,636
-
11 · Investments: publicly traded securities
beginning of year $1,230,597 · end of year $1,054,469
-
17 · Accounts payable and accrued expenses
beginning of year $229,680 · end of year $250,387
-
19 · Deferred revenue
beginning of year $20,440 · end of year $26,300
-
23 · Secured mortgages and notes payable
beginning of year $2,129,973 · end of year $4,075,594
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $15,343,055 · end of year $16,528,485
-
31 · Retained earnings, endowment or other funds
beginning of year $0 · end of year $0
Mission and programs · 2023
Mission
HAVING STRONG TIES TO THE UNIVERSITY, THE NC STATE UNIVERSITY CLUB PROVIDES ENRICHING SOCIAL EXPERIENCES, PERSONALIZED SERVICE AND ACCESS TO ATHLETIC AND RECREATIONAL PROGRAMS WHILE NURTURING A CULTURE OF FRIENDSHIP AND FELLOWSHIP FOR OUR MEMBERS, THEIR FAMILIES AND GUESTS.
-
PROVISION OF RECREATIONAL FACILITIES AND ACTIVITIES FOR THE PARTICIPATING MEMBERS OF NORTH CAROLINA STATE UNIVERSITY
Expenses $3,234,368 · Revenue $6,277,793
As filed on the 2023 return.
Listed in Part VII
-
Dr Carol FiguersDR CAROL FIGUERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Anna Maria TaylorANNA MARIA TAYLOR
PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Sam JohnsSAM JOHNS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Justus EverettJUSTUS EVERETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Derek BryanDEREK BRYAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tom ChildreyTOM CHILDREY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeffery HastingsJEFFERY HASTINGS
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Dave CorsettiDAVE CORSETTI
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Greg RacshkeGREG RACSHKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Heather HortonHEATHER HORTON
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Charles RaphunCHARLES RAPHUN
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Phil JonesPHIL JONES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Blaine SmithBLAINE SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kenny KrauseKENNY KRAUSE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael LemingMICHAEL LEMING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
James IvankovichJAMES IVANKOVICH
EXECUTIVE DIRECTOR
- Total calculated
- $180,696
- From this org
- $180,696
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $180,696
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $180,696
-
James C WhiteJAMES C WHITE
HIGHEST COMPENSATED EMPLOY
- Total calculated
- $209,827
- From this org
- $209,827
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $209,827
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $209,827
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
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 22 July 2024
- IRS schema version
- 2023v5.1
- Source object
- 202432049349300958
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