NC STUDENT AID ASSOCIATION INC: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- NC STUDENT AID ASSOCIATION INC (EIN 56-0650623)
- Tax period
- 2022-07-01 to 2023-06-30
- Filed
- 2024-05-14
- IRS object ID
- 202441359349301034
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule D
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-05-14T07:06:16-05:00 | ReturnTs |
| Tax Period End | 2023-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 593204548 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JAMES MOORE & CO PL | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5931 NW 1ST PL | AddressLine1Txt |
| City | GAINESVILLE | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 326072063 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 560650623 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NC STATE STUDENT AID ASSOCIATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | NCST | BusinessNameControlTxt |
| Phone | 9198651500 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4680 TRINITY ROAD | AddressLine1Txt |
| City | RALEIGH | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 276277100 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MELANIE FORNES | PersonNm |
| Person Title | CHIEF FINANCIAL OFFICER | PersonTitleTxt |
| Phone | 9198651500 | PhoneNum |
| Signature | 2024-05-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | MELANIE | PersonFirstNm |
| Person Last | FORNES | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | KEN KURDZIEL | PreparerPersonNm |
| PTIN | P00060407 | PTIN |
| Phone | 3523781331 | PhoneNum |
| Preparation | 2024-05-14 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | MELANIE FORNES | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4680 TRINITY ROAD | AddressLine1Txt |
| City | RALEIGH | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 276277100 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $38,772,682 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.WOLFPACKCLUB.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1955 | FormationYr |
| Legal Domicile State | NC | LegalDomicileStateCd |
| Activity Or Mission | PROVIDE FINANCIAL SUPPORT FOR ATHLETIC SCHOLARSHIPS AND FACILITIES FOR NC STATE UNIVERSITY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 20 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 20 | VotingMembersIndependentCnt |
| Total Employee | 34 | TotalEmployeeCnt |
| Total Volunteers | 52 | TotalVolunteersCnt |
| Total Gross UBI | $42,642 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $31,449,977 | PYContributionsGrantsAmt |
| CY Contributions Grants | $27,914,662 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $4,343,722 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $6,684,530 | CYProgramServiceRevenueAmt |
| PY Investment Income | $226,614 | PYInvestmentIncomeAmt |
| CY Investment Income | $471,309 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$70,119 | PYOtherRevenueAmt |
| CY Other Revenue | -$125,294 | CYOtherRevenueAmt |
| PY Total Revenue | $35,950,194 | PYTotalRevenueAmt |
| CY Total Revenue | $34,945,207 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $15,551,788 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $32,212,194 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $2,573,399 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $4,581,542 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $826,962 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $3,089,274 | PYOtherExpensesAmt |
| CY Other Expenses | $3,223,213 | CYOtherExpensesAmt |
| PY Total Expenses | $21,214,461 | PYTotalExpensesAmt |
| CY Total Expenses | $40,016,949 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $14,735,733 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$5,071,742 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $117,853,351 | TotalAssetsBOYAmt |
| Total Assets EOY | $114,223,350 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $33,462,641 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $34,998,755 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $84,390,710 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $79,224,595 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE MISSION OF THE NC STATE STUDENT AID ASSOCIATION (WOLFPACK CLUB) IS TO PROVIDE PRIVATE FINANCIAL SUPPORT FOR ATHLETIC SCHOLARSHIPS AND FACILITIES FOR NC STATE UNIVERSITY. ADDITIONALLY, THE STUDENT AID ASSOCIATION PROVIDES COMMUNICATION AND SERVICES FOR ALL FRIENDS OF THE WOLFPACK ATHLETICS. ALL OF THE ACTIVITIES ARE DONE WITH THE HIGHEST INTEGRITY FOR ACADEMIC AND ATHLETIC EXCELLENCE AND WITHIN THE GUIDELINES ESTABLISHED BY THE UNIVERSITY, THE ATLANTIC COAST CONFERENCE, AND THE NATIONAL COLLEGIATE ATHLETIC ASSOCIATION. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $24,072,116 | ExpenseAmt |
| Grant | $17,932,310 | GrantAmt |
| Revenue | $6,684,530 | RevenueAmt |
| Desc | FACILITY IMPROVEMENTS FOR NC STATE UNIVERSITY. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $14,279,884 | ExpenseAmt |
| Grant | $14,279,884 | GrantAmt |
| Desc | FINANCING SCHOLARSHIPS AWARDED BY NC STATE UNIVERSITY TO WORTHY STUDENTS. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER NC STATE UNIVERSITY SUPPORT. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $38,352,000 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 12 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 34 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | Yes (1) | NondeductibleContributionsInd |
| Nondeductible Contri Discl | Yes (1) | NondeductibleContriDisclInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 20 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 20 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NC | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MELANIE FORNES | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9198651500 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4680 TRINITY ROAD | AddressLine1Txt |
| City | RALEIGH | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 276277100 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (25 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| BRIAN MCMURRAY | ||||||||
| PRESIDENT | 4.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| DAVID BEAM | ||||||||
| IMMEDIATE PAST PRESIDENT | 4.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| EDDIE WETHERILL | ||||||||
| VICE PRESIDENT | 4.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| CLYDE PHILLIPS | ||||||||
| TREASURER | 4.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| BRIAN SISCHO | ||||||||
| EX-OFFICIO | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| RANDY WOODSON | ||||||||
| EX-OFFICIO | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| BOO CORRIGAN | ||||||||
| EX-OFFICIO | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| JERRICHO COTCHERY | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| BRAD REMMEY | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| ELIZABETH COOLEY | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| KEN NICHOLS | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| WOODY JONES | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| MATT GRIFFITH | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| CRYSTAL FISH | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| GREG HATEM | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| CRES CALABRESE | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| LARRY TWISDALE | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| KRIS NEAL | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| JIM STOWE | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| ANNETTE HOLLER | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| BENJAMIN J BROUSSARD | ||||||||
| EXECUTIVE DIRECTOR | 40.00 | Yes (X) | $422,733 | $0 | $26,180 | |||
| KIMBERLEY W FORESTA | ||||||||
| CHIEF FINANCIAL OFFICER | 40.00 | Yes (X) | $134,457 | $0 | $19,369 | |||
| JAMES L CORRELL | ||||||||
| ASSOCIATE EXECUTIVE DIRECTOR | 40.00 | $168,187 | $0 | $21,022 | Yes (X) | |||
| MEDIA S HOOKS | ||||||||
| ASSOCIATE DIRECTOR OF MARKETING | 40.00 | $133,871 | $0 | $16,685 | Yes (X) | |||
| GEORGE W PRIDGEN | ||||||||
| ASSOCIATE DIRECTOR OF ANNUAL GIVING | 40.00 | $111,160 | $0 | $14,886 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $970,408 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $98,142 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 5 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (2 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| NC STATE INVESTMENT FUND | |||||
| 1220 VARSITY DRIVE SUITE 140 | RALEIGH | NC | 276957207 | INVESTMENT MANAGEMENT | $362,238 |
| AMERICAN EXPRESS | |||||
| 200 VESEY STREET | NEW YORK CITY | NY | 102853106 | CASH MANAGEMENT | $134,232 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 2 | CntrctRcvdGreaterThan100KCnt |
| Membership Dues | $12,643,388 | MembershipDuesAmt |
| Fundraising | $39,620 | FundraisingAmt |
| All Other Contributions | $15,231,654 | AllOtherContributionsAmt |
| Noncash Contributions | $2,116 | NoncashContributionsAmt |
| Total Contributions | $27,914,662 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TOWNEBANK CENTER REVENUE | 900099 | $4,448,738 | $4,448,738 |
| WOLFPACK MEMBERSHIPS | 900099 | $1,125,700 | $1,125,700 |
| COURTSIDE CLUB REVENUES | 900099 | $1,010,533 | $1,010,533 |
| SEATING RIGHT LICENSES | 900099 | $99,559 | $99,559 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $6,684,530 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $181,819 | TotalRevenueColumnAmt |
| Exclusion | $181,819 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $3,815,512 | SecuritiesAmt |
| Other | $18,864 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $3,276,275 | SecuritiesAmt |
| Other | $268,611 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $539,237 | SecuritiesAmt |
| Other | -$249,747 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $289,490 | TotalRevenueColumnAmt |
| Exclusion | $289,490 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $114,653 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $39,620 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $282,589 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$167,936 | TotalRevenueColumnAmt |
| Exclusion | -$167,936 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ADVERTISING REVENUE | Desc |
| Business | 541800 | BusinessCd |
| Total Revenue Column | $42,642 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $42,642 | UnrelatedBusinessRevenueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $42,642 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $34,945,207 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $6,684,530 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $42,642 | UnrelatedBusinessRevenueAmt |
| Exclusion | $303,373 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $32,212,194 | TotalAmt |
| Program Services | $32,212,194 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $809,678 | TotalAmt |
| Program Services | $621,121 | ProgramServicesAmt |
| Management And General | $130,404 | ManagementAndGeneralAmt |
| Fundraising | $58,153 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,784,223 | TotalAmt |
| Program Services | $1,441,250 | ProgramServicesAmt |
| Management And General | $73,049 | ManagementAndGeneralAmt |
| Fundraising | $269,924 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,550,537 | TotalAmt |
| Program Services | $1,238,179 | ProgramServicesAmt |
| Management And General | $111,344 | ManagementAndGeneralAmt |
| Fundraising | $201,014 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $261,994 | TotalAmt |
| Program Services | $215,717 | ProgramServicesAmt |
| Management And General | $9,935 | ManagementAndGeneralAmt |
| Fundraising | $36,342 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $175,110 | TotalAmt |
| Program Services | $139,735 | ProgramServicesAmt |
| Management And General | $12,905 | ManagementAndGeneralAmt |
| Fundraising | $22,470 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,875 | TotalAmt |
| Program Services | $16,658 | ProgramServicesAmt |
| Management And General | $1,538 | ManagementAndGeneralAmt |
| Fundraising | $2,679 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $80,824 | TotalAmt |
| Program Services | $64,496 | ProgramServicesAmt |
| Management And General | $5,957 | ManagementAndGeneralAmt |
| Fundraising | $10,371 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $362,238 | TotalAmt |
| Management And General | $362,238 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,640 | TotalAmt |
| Program Services | $3,703 | ProgramServicesAmt |
| Management And General | $342 | ManagementAndGeneralAmt |
| Fundraising | $595 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $241,658 | TotalAmt |
| Program Services | $192,839 | ProgramServicesAmt |
| Management And General | $17,809 | ManagementAndGeneralAmt |
| Fundraising | $31,010 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $90,126 | TotalAmt |
| Program Services | $71,919 | ProgramServicesAmt |
| Management And General | $6,642 | ManagementAndGeneralAmt |
| Fundraising | $11,565 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $207,688 | TotalAmt |
| Program Services | $165,732 | ProgramServicesAmt |
| Management And General | $15,306 | ManagementAndGeneralAmt |
| Fundraising | $26,650 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,889 | TotalAmt |
| Program Services | $12,679 | ProgramServicesAmt |
| Management And General | $1,171 | ManagementAndGeneralAmt |
| Fundraising | $2,039 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $103,616 | TotalAmt |
| Program Services | $61,467 | ProgramServicesAmt |
| Management And General | $15,375 | ManagementAndGeneralAmt |
| Fundraising | $26,774 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $27,651 | TotalAmt |
| Program Services | $22,065 | ProgramServicesAmt |
| Management And General | $2,038 | ManagementAndGeneralAmt |
| Fundraising | $3,548 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,111,836 | TotalAmt |
| Program Services | $1,101,161 | ProgramServicesAmt |
| Management And General | $3,894 | ManagementAndGeneralAmt |
| Fundraising | $6,781 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $88,347 | TotalAmt |
| Program Services | $70,500 | ProgramServicesAmt |
| Management And General | $6,511 | ManagementAndGeneralAmt |
| Fundraising | $11,336 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| BANK CHARGES | $460,356 | $367,357 | $33,926 | $59,073 |
| PUBLICATIONS | $174,905 | $139,572 | $12,889 | $22,444 |
| CLUB EXPENSES | $81,459 | $65,003 | $6,003 | $10,453 |
| POSTAGE AND MAILING | $56,025 | $44,707 | $4,129 | $7,189 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $95,080 | TotalAmt |
| Program Services | $83,946 | ProgramServicesAmt |
| Management And General | $4,582 | ManagementAndGeneralAmt |
| Fundraising | $6,552 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $40,016,949 | TotalAmt |
| Program Services | $38,352,000 | ProgramServicesAmt |
| Management And General | $837,987 | ManagementAndGeneralAmt |
| Fundraising | $826,962 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,395,797 | BOYAmt |
| EOY | $4,765,146 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,389,805 | BOYAmt |
| EOY | $18,242,648 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,735,091 | BOYAmt |
| EOY | $26,303,542 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,703 | BOYAmt |
| EOY | $243,824 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,242 | BOYAmt |
| EOY | $21,675 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $41,646,152 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $18,829,578 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,188,968 | BOYAmt |
| EOY | $22,816,574 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $42,044,045 | BOYAmt |
| EOY | $41,695,056 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,041,700 | BOYAmt |
| EOY | $134,885 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $117,853,351 | BOYAmt |
| EOY | $114,223,350 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $743,484 | BOYAmt |
| EOY | $1,103,278 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,860,776 | BOYAmt |
| EOY | $3,969,319 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,146,456 | BOYAmt |
| EOY | $8,315,509 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,402,999 | BOYAmt |
| EOY | $20,418,127 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,308,926 | BOYAmt |
| EOY | $1,192,522 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $33,462,641 | BOYAmt |
| EOY | $34,998,755 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,877,472 | BOYAmt |
| EOY | $10,624,272 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $70,513,238 | BOYAmt |
| EOY | $68,600,323 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $84,390,710 | BOYAmt |
| EOY | $79,224,595 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $117,853,351 | BOYAmt |
| EOY | $114,223,350 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$5,071,742 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$78,373 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$16,000 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| College Organization | Yes (X) | CollegeOrganizationInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $26,229,615 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $26,625,688 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $22,852,260 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $31,449,977 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $28,184,870 | CurrentTaxYearAmt |
| Total | $135,342,410 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $26,229,615 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $26,625,688 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $22,852,260 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $31,449,977 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $28,184,870 | CurrentTaxYearAmt |
| Total | $135,342,410 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $135,342,410 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,241,335 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $986,373 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $333,600 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $61,824 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $181,819 | CurrentTaxYearAmt |
| Total | $2,804,951 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $21,504 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $140 | CurrentTaxYearMinus3YearsAmt |
| Total | $21,644 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $138,169,005 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $11,028,252 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.97950 | PublicSupportCY170Pct |
| Public Support PY170 | 0.96900 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $40,974,004 | BeginningYearBalanceAmt |
| Contributions | $415,947 | ContributionsAmt |
| Investment Earnings Or Losses | $493,582 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,006,398 | GrantsOrScholarshipsAmt |
| End Year Balance | $39,877,135 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $37,567,450 | BeginningYearBalanceAmt |
| Contributions | $3,142,443 | ContributionsAmt |
| Investment Earnings Or Losses | $605,150 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $341,039 | GrantsOrScholarshipsAmt |
| End Year Balance | $40,974,004 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $30,666,228 | BeginningYearBalanceAmt |
| Contributions | $1,847,023 | ContributionsAmt |
| Investment Earnings Or Losses | $9,859,202 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $4,805,003 | GrantsOrScholarshipsAmt |
| End Year Balance | $37,567,450 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $32,343,401 | BeginningYearBalanceAmt |
| Contributions | $1,156,031 | ContributionsAmt |
| Investment Earnings Or Losses | -$1,114,195 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,719,009 | GrantsOrScholarshipsAmt |
| End Year Balance | $30,666,228 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $31,755,961 | BeginningYearBalanceAmt |
| Contributions | $542,086 | ContributionsAmt |
| Investment Earnings Or Losses | $1,559,329 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,513,975 | GrantsOrScholarshipsAmt |
| End Year Balance | $32,343,401 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Prmnnt Endowment Balance EOY | 1.00000 | PrmnntEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $225,500 | InvestmentCostOrOtherBasisAmt |
| Book Value | $225,500 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $41,184,845 | OtherCostOrOtherBasisAmt |
| Depreciation | $18,691,593 | DepreciationAmt |
| Book Value | $22,493,252 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $235,807 | OtherCostOrOtherBasisAmt |
| Depreciation | $137,985 | DepreciationAmt |
| Book Value | $97,822 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $22,816,574 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DUE TO DONORS OF CHARITABLE REMAINDER TRUSTS AND GIFT ANNUITIES | Desc |
| Amt | $1,192,522 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,192,522 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $35,200,801 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$78,373 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $430,716 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | -$16,000 | OtherRevenueAmt |
| Revenue Not Reported | $336,343 | RevenueNotReportedAmt |
| Revenue Subtotal | $34,864,458 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $362,238 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | -$281,489 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $80,749 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $34,945,207 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $40,366,916 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $430,716 | DonatedServicesUseFcltsAmt |
| Other Expenses Included | $281,489 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $712,205 | ExpensesNotReportedAmt |
| Expenses Subtotal | $39,654,711 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $362,238 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $362,238 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $40,016,949 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | THE ASSOCIATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501 (A) OF THE INTERNAL REVENUE CODE AND IS CLASSIFIED UNDER SECTION 501(C)(3) AS A PUBLIC CHARITY. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE ASSOCIATION'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE ASSOCIATION HAD NO UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JUNE 30, 2023 AND 2022. THE ASSOCIATION HAS ALSO BEEN CLASSIFIED AS AN ENTITY THAT IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) AND QUALIFIES FOR DEDUCTIBLE CONTRIBUTIONS PROVIDED IN SECTION 170(B)(I)(A)(VI). IN ADDITION, THE ASSOCIATION, AT JUNE 30, 2023 AND 2022, HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | CHANGE OF VALUE IN SPLIT INTEREST AGREEMENTS -16,000. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | SPECIAL EVENT EXPENSES NETTED WITH SPECIAL EVENT REVENUE -281,489. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | SPECIAL EVENT EXPENSES NETTED WITH SPECIAL EVENT REVENUE 281,489. |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (2 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|
| CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, | 0 | 0 | INVESTMENTS | $2,667,170 |
| NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES | 0 | 0 | INVESTMENTS | $9,372 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $2,676,542 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $2,676,542 | TotalSpentAmt |
| Transfer To Foreign Corp | 0 | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | 0 | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART III ACCOUNTING METHOD: | FormAndLineReferenceDesc |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | DORMIE | Event1Nm |
| Gross Receipts Event1 | $68,380 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $1,900 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $66,480 | GrossRevenueEvent1Amt |
| Non Cash Prizes Event1 | $2,065 | NonCashPrizesEvent1Amt |
| Rent Facility Costs Event1 | $788 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $28,451 | FoodAndBeverageEvent1Amt |
| Other Direct Expenses Event1 | $87 | OtherDirectExpensesEvent1Amt |
| Event2 | WRESTLING | Event2Nm |
| Gross Receipts Event2 | $32,839 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $23,414 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $9,425 | GrossRevenueEvent2Amt |
| Rent Facility Costs Event2 | $3,874 | RentFacilityCostsEvent2Amt |
| Food And Beverage Event2 | $2,282 | FoodAndBeverageEvent2Amt |
| Other Direct Expenses Event2 | $369 | OtherDirectExpensesEvent2Amt |
| Other Events Total | 1 | OtherEventsTotalCnt |
| Gross Receipts Other Events | $22,320 | GrossReceiptsOtherEventsAmt |
| Charitable Contri Other Events | $1,800 | CharitableContriOtherEventsAmt |
| Gross Revenue Other Events | $20,520 | GrossRevenueOtherEventsAmt |
| Rent Fclty Costs Other Events | $22,262 | RentFcltyCostsOtherEventsAmt |
| Food And Beverage Other Events | $67,013 | FoodAndBeverageOtherEventsAmt |
| Entertainment Other Events | $4,891 | EntertainmentOtherEventsAmt |
| Oth Direct Expnss Other Events | $6,944 | OthDirectExpnssOtherEventsAmt |
| Gross Receipts Total | $123,539 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $27,114 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $96,425 | GrossRevenueTotalEventsAmt |
| Non Cash Prizes Total Events | $2,065 | NonCashPrizesTotalEventsAmt |
| Rent Fclty Costs Total Events | $26,924 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $97,746 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $4,891 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $7,400 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $139,026 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$42,601 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|
| NC STATE UNIVERSITY | ||||||||
| PO BOX 8502 | RALEIGH | NC | 276958501 | 566000756 | SECTION 115 | $14,279,884 | $0 | NCSU STUDENT SCHOLARSHIPS |
| NC STATE UNIVERSITY | ||||||||
| PO BOX 8502 | RALEIGH | NC | 276958501 | 566000756 | SECTION 115 | $17,932,310 | $0 | NCSU CAPITAL PROJECTS |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE ASSOCIATION MAKES THE GRANT BASED ON THE AGREEMENT BETWEEN THE UNIVERSITY AND THE ASSOCIATION EACH YEAR. THE UNIVERSITY SUBMITS DOCUMENTATION FOR THE AMOUNTS PAID OUT TO STUDENT ATHELETES AND THE ASSOCIATION PAYS THE GRANT ACCORDINGLY, WITH CONSIDERATION TO A MAXIMUM SET OUT IN THE AGREEMENT. THE ASSOCIATION AND UNIVERSITY HAVE A CLOSE WORKING RELATIONSHIP AS THREE UNIVERSITY MEMBERS (THE CHANCELLOR, DIRECTOR OF ATHLETICS, AND THE VICE CHANCELLOR OF UNIVERSITY ADVANCEMENT) SERVE AS VOTING MEMBERS ON THE ASSOCIATION'S BOARD OF DIRECTORS AND PROVIDE OVERSIGHT OF GRANT USAGE. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (4 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BENJAMIN J BROUSSARD | ||||||||||||||
| EXECUTIVE DIRECTOR | $288,570 | $0 | $130,000 | $0 | $4,163 | $0 | $15,250 | $0 | $10,930 | $0 | $448,913 | $0 | $0 | $0 |
| JAMES L CORRELL | ||||||||||||||
| ASSOCIATE EXECUTIVE DIRECTOR | $153,017 | $0 | $7,662 | $0 | $7,508 | $0 | $7,765 | $0 | $13,257 | $0 | $189,209 | $0 | $0 | $0 |
| KIMBERLEY W FORESTA | ||||||||||||||
| CHIEF FINANCIAL OFFICER | $126,107 | $0 | $7,662 | $0 | $688 | $0 | $6,597 | $0 | $12,772 | $0 | $153,826 | $0 | $0 | $0 |
| MEDIA S HOOKS | ||||||||||||||
| ASSOCIATE DIRECTOR OF MARKETING | $119,561 | $0 | $7,662 | $0 | $6,648 | $0 | $5,921 | $0 | $10,764 | $0 | $150,556 | $0 | $0 | $0 |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 561592154 | BondIssuerEIN |
| Bond Issued | 2017-10-24 | BondIssuedDt |
| Issue Price | $12,585,000 | IssuePriceAmt |
| Purpose | REFUND SERIES 2013 BONDS ISSUED TO FINANCE INDOOR PRACTICE FACILITY | PurposeDesc |
| Defeased | 0 | DefeasedInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Pool Financing | 0 | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Retired | $4,195,000 | RetiredAmt |
| Total Proceeds | $12,465,000 | TotalProceedsAmt |
| Issuance Costs From Proceeds | $120,000 | IssuanceCostsFromProceedsAmt |
| Refunding Tax Exempt Bonds | Yes (1) | RefundingTaxExemptBondsInd |
| Refunding Taxable Bonds | 0 | RefundingTaxableBondsInd |
| Final Allocation Made | Yes (1) | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (1) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | 0 | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | 0 | MgmtContractBondFincdPropInd |
| Any Research Agreements | 0 | AnyResearchAgreementsInd |
| Bond Iss Meet Prvt Sec Pymt Test | 0 | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | Yes (1) | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiledInd |
| Rebate Not Due Yet | 0 | RebateNotDueYetInd |
| Exception To Rebate | Yes (1) | ExceptionToRebateInd |
| No Rebate Due | 0 | NoRebateDueInd |
| Variable Rate Issue | Yes (1) | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | 0 | HedgeIdentifiedInBksAndRecInd |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | 0 | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | Yes (1) | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | Yes (1) | ProceduresCorrectiveActionInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION HAS MEMBERS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE AUDIT AND FINANCE COMMITTEE REVIEW THE FORM 990 PRIOR TO PROVIDING A COPY TO THE BOARD FOR REVIEW. A COPY OF THE FORM 990 IS THEN MADE AVAILABLE TO THE ENTIRE BOARD FOR QUESTIONS AND COMMENTS PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | BOARD MEMBERS ARE REQUIRED TO REPORT AND DISCLOSE ANNUALLY ANY CONFLICT OF INTERESTS OR INDICATE IF NO SUCH CONFLICTS EXIST THROUGH A SIGNED CONFLICT OF INTEREST POLICY AND DISCLOSURE STATEMENT. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS DETERMINES AND APPROVES THE COMPENSATION OF THE EXECUTIVE DIRECTOR. THE COMPENSATION IS BASED ON COMPARISONS MADE WITH SIMILAR ASSOCIATIONS. THE COMPENSATION FOR ALL OTHER OFFICERS OR KEY EMPLOYEES IS DETERMINED BY THE EXECUTIVE DIRECTOR AND THE CFO WITH CONSULTATION OF BOARD OFFICERS. BONUSES, IF APPLICABLE, ARE EITHER WRITTEN INTO CONTRACTS OR SIGNED OFF ON BY THE ORGANIZATION'S BOARD PRESIDENT. |
| FORM 990, PART VI, SECTION C, LINE 18 | THE ASSOCIATION MAKES ITS FORM 1023, FORM 990, AND FORM 990-T AVAILABLE TO INTERESTED PARTIES UPON REQUEST MADE TO THE ASSOCIATION. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ASSOCIATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO INTERESTED PARTIES UPON REQUEST MADE TO THE ASSOCIATION. |
| FORM 990, PART XI, LINE 9: | CHANGE OF VALUE IN SPLIT INTEREST AGREEMENTS -16,000. |