2023-04-13T18:43:40-05:00 2022-06-30 560571159 BERNARD ROBINSON & COMPANY LLP PO BOX 19608 GREENSBORO NC 274199608 990 2021-07-01 566093187 EAST CAROLINA UNIVERSITY FOUNDATION INC EAST 2527375369 2200 S CHARLES BLVD 1100 GREENVILLE NC 27858 CHRISTOPHER M DYBA PRESIDENT 2527375369 2023-04-07 1 CHRISTOPHER DYBA 999009999 JOHN M ROBINSON P01281319 3362944494 2023-04-07 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z CHRISTOPHER M DYBA 2200 S CHARLES BLVD 1100 GREENVILLE NC 27858 29258333 0 X HTTP://WWW.ECU.EDU/GIVE X 1978 NC THE FOUNDATION RAISES, MANAGES, AND DISTRIBUTES PRIVATE RESOURCES FOR THE BENEFIT OF EAST CAROLINA UNIVERSITY, ITS STUDENTS AND ACADEMIC AND RESEARCH PROGRAMS. 43 39 0 100 12326 0 13891654 12568146 227130 252771 5832476 15916766 19992 15223 19971252 28752906 5055525 7147431 0 0 0 1407 19142 0 898077 2298924 3359540 7373591 10508378 12597661 18244528 202197175 186990398 2235596 3588047 199961579 183402351 THE FOUNDATION RAISES, MANAGES, AND DISTRIBUTES PRIVATE RESOURCES FOR THE BENEFIT OF EAST CAROLINA UNIVERSITY, ITS STUDENTS AND ACADEMIC AND RESEARCH PROGRAMS. 0 0 4030742 4030742 THE FOUNDATION PROVIDES FUNDING FOR STUDENT SCHOLARSHIPS AND AWARDS. THROUGH ITS MULTI-YEAR SCHOLARSHIP PROGRAMS, NAMED SCHOLARSHIPS, AND ANNUALLY FUNDED AWARDS THE FOUNDATION SEEKS TO ASSIST EAST CAROLINA UNIVERSITY STUDENTS IN ACHIEVING THEIR EDUCATION GOALS. DURING 2022, THE FOUNDATION AWARDED SCHOLARSHIPS TO 2,081 RECIPIENTS TOTALING $3,958,510 AND 81 AWARDS TOTALING $72,232. 4602262 3116689 252771 THE FOUNDATION PROVIDES PROGRAM FUNDING TO EAST CAROLINA UNIVERSITY. THIS PROGRAM SUPPORT INCLUDES FACULTY DEVELOPMENT AND TRAVEL, AS WELL AS PROVIDING FUNDING FOR STUDENT EXPERIENCES THAT ARE THE HALLMARKS OF AN EXCELLENT INSTITUTION. 811662 THE FOUNDATION ASSISTS EAST CAROLINA UNIVERSITY IN THE RECRUITMENT AND RETENTION OF HIGHLY QUALIFIED FACULTY AND ADMINISTRATORS BY PROVIDING FUNDING FOR FACULTY AND ADMINISTRATOR COMPENSATION. 9444666 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 0 0 1 0 1 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 1 83 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 43 39 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X X X HEATHER WIGGINS 2527375369 2200 SOUTH CHARLES BLVD GREENVILLE NC 27858 CHRISTOPHER M DYBA PRESIDENT 20.00 20.00 X X 0 281770 76489 STEPHANIE COLEMAN TREASURER 1.00 40.00 X X 0 252150 67542 PHILIP ROGERS DIRECTOR 1.00 40.00 X 0 331675 208522 MATT SLATE CHAIR 1.00 40.00 X X 0 0 0 KARA BLOUNT VICE CHAIR 1.00 40.00 X X 0 0 0 NICK CRABTREE SECRETARY 1.00 X X 0 0 0 STEVE R JONES ASST. SECRETARY 1.00 X X 0 0 0 VANESSA WORKMAN ASST. SECRETARY 1.00 X X 0 0 0 BURNEY WARREN PAST CHAIR 1.00 X X 0 0 0 PAUL M ADKISON DIRECTOR 1.00 X 0 0 0 MARY ANN BEST DIRECTOR 1.00 X 0 0 0 DEIDRA BLANKS DIRECTOR 1.00 X 0 0 0 BILL BOGEY DIRECTOR 1.00 X 0 0 0 DON BRINKLEY DIRECTOR 1.00 X 0 0 0 OLIVIA H COLLIER DIRECTOR 1.00 X 0 0 0 NEAL CRAWFORD DIRECTOR 1.00 X 0 0 0 OTTIS CRISP DIRECTOR 1.00 X 0 0 0 STEVE CUNANAN DIRECTOR 1.00 X 0 0 0 SCOTT M DIGGS DIRECTOR 1.00 X 0 0 0 KIRK DOMINICK DIRECTOR 1.00 X 0 0 0 TODD ERVIN DIRECTOR 1.00 X 0 0 0 DAVID FISHER DIRECTOR 1.00 X 0 0 0 DAVID FUSSELL DIRECTOR 1.00 X 0 0 0 JIM GALLOWAY DIRECTOR 1.00 X 0 0 0 KATHY HERRING DIRECTOR 1.00 X 0 0 0 PHIL HODGES DIRECTOR 1.00 X 0 0 0 STEVE JONES DIRECTOR 1.00 X 0 0 0 MIKE KELLY DIRECTOR 1.00 X 0 0 0 BRYAN LATHAM DIRECTOR 1.00 X 0 0 0 JOHN R MAY DIRECTOR 1.00 X 0 0 0 KEVIN MONROE DIRECTOR 1.00 X 0 0 0 ANGELA MOSS DIRECTOR 1.00 X 0 0 0 JIM MULLEN DIRECTOR 1.00 X 0 0 0 KEL NORMANN DIRECTOR 1.00 X 0 0 0 ANTHONY W PATTERSON DIRECTOR 1.00 X 0 0 0 BUBBA RAWL DIRECTOR 1.00 X 0 0 0 RANDOLPH REID DIRECTOR 1.00 X 0 0 0 IRWIN ROBERTS DIRECTOR 1.00 X 0 0 0 MARY SCHOOF DIRECTOR 1.00 X 0 0 0 LYNN SCHUBERT DIRECTOR 1.00 X 0 0 0 HEATHER STEPP DIRECTOR 1.00 X 0 0 0 JON STRICKLAND DIRECTOR 1.00 X 0 0 0 MARK TIPTON DIRECTOR 1.00 X 0 0 0 0 865595 352553 0 0 1 0 ITHAKA 101 GREENWICH STREET 18TH FLOOR NEW YORK NY 10006 LIBRARY JOURNALS 202230 VALERIE M CONGER 3503 AG WARREN RD GRIMESLAND NC 27837 CONTRACTED SERVICES 122952 ARAMARK EDUCATIONAL SERVICES LLC PO BOX 3295 GREENVILLE NC 27835 FOOD SERVICE 114948 3 64488 350 12503308 576847 12568146 FEE REVENUE 900099 148699 148699 TICKET SALES 713990 93643 93643 BOOK ROYALTIES 511130 10429 10429 252771 8872638 3389 8869249 7521782 477654 7044128 7044128 8937 7035191 27773 64488 27773 0 MISCELLANEOUS INCOME 900099 15223 15223 15223 28752906 252771 12326 15919663 X 3116689 3116689 4018040 4018040 12702 12702 1407 1407 33 33 15400 15400 1194701 676567 16604 501530 165405 161026 4379 487016 248423 57017 181576 49879 31147 15484 3248 228392 173842 6978 47572 64704 47819 6308 10577 26865 342 26523 FOOD PRODUCTS 540644 412154 9320 119170 BOOKS & EDUCATIONAL SUP 489145 457377 1926 29842 GIK EXPENSE 73417 63892 9525 MISCELLANEOUS 23939 23239 550 150 10508378 9444666 165635 898077 5885634 9863939 1372672 2929477 1566450 1703065 54863 59519 603 762 86190 86190 86190 138649955 114521132 49078726 52587721 5502082 5238593 202197175 186990398 97709 42316 20000 2137887 3525731 2235596 3588047 X 23293329 18373166 176668250 165029185 199961579 183402351 202197175 186990398 X 18244528 -34723644 -80112 X 0 1 X 1 0 X 10473875 13248604 9462509 13891654 12568146 59644788 2295376 2523683 2202527 2063849 2071955 11157390 12769251 15772287 11665036 15955503 14640101 70802178 7647690 63154488 4190604 5022782 4430624 5157317 8872638 27673965 49144 81897 56456 187497 98663640 1405819 0.64010 0.66150 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER FUNDRAISING EVENTS - 2017 AMOUNT: $ 49,144. 2018 AMOUNT: $ 81,897. 2019 AMOUNT: $ 56,456. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 147199111 3219409 -12561864 2100619 1330478 134425559 105753568 8923240 35745991 1910512 1313176 147199111 107822248 2347943 -1214512 3103011 -1107742 1206842 105753568 98249563 8192193 4369447 1994385 -56083 1050653 107822248 91648000 2373149 6288339 1913459 -887234 1033700 98249563 0.67700 0.32300 0 0 86190 86190 86190 FEG PRIVATE OPPORTUNITIES FUND LP 2610802 F NORTHGATE PRIVATE EQUITY PARTNERS LP 26139 F UNC INVESTMENT FUND, LLC 23784909 F FEG PRIVATE OPPORTUNITIES FUND II LP 3803352 F FEG PRIVATE OPPORTUNITIES FUND III LP 2431893 F FEG PRIVATE OPPORTUNITIES FUND IV LP 3462378 F CHAMPLAIN SMALL CAP FUND LLC 4271837 F FALCON PRIVATE CREDIT OPPORTUNITIES VI LP 914134 F TWIN BRIDGE 1128430 F MAGNITUDE INTERNATIONAL, LTD. 10153847 F 52587721 ANNUITIES PAYABLE 43555 PAYABLES TO RELATED ORGANIZATIONS 3436519 REFUNDABLE ADVANCES 47307 GIFT CLEARING -1650 3525731 X PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT ON NET INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES. AT JUNE 30, 2022 AND 2021, THE FOUNDATION HAS NOT RECORDED ANY TAX LIABILITIES. THE FOUNDATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS. 0 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 10153847 0 0 0 0 0 0 10153847 0 10153847 SCHOLARSHIP EAST ASIA AND THE PACIFIC 1 2000 FINANCIAL AID SCHOLARSHIP EUROPE (INCLUDING ICELAND & GREENLAND) 2 2500 FINANCIAL AID SCHOLARSHIP MIDDLE EAST AND NORTH AFRICA 2 3250 FINANCIAL AID SCHOLARSHIP NORTH AMERICA 1 4452 FINANCIAL AID SCHOLARSHIP SOUTH ASIA 1 500 FINANCIAL AID 1 0 1 1 1 0 PART III ACCOUNTING METHOD: PART I, LINE 3F - INVESTMENTS & EXPENDITURES PER REGION THE FOUNDATION HELD AN INVESTMENT IN MAGNITUDE INTERNATIONAL AT JUNE 30, 2022 TOTALING $10,153,847. MAGNITUDE INTERNATIONAL IS ORGANIZED IN THE CAYMAN ISLANDS. X X X X X X 0 AL AK AZ AR CA CO CT DC FL HI IL KY LA ME MD MA MI MN MS MO NV NH NJ NY NC OH OK OR SC TN UT VA WA WV ECON GOLF TOURNAMENT 12989 6392 6597 6597 CM GOLF TOURNAMENT 26030 4854 21176 21176 39019 11246 27773 27773 27773 0 1 EAST CAROLINA UNIVERSITY EAST FIFTH STREET GREENVILLE NC 27858 566000403 GOVERNMENT 3019355 0 GENERAL PROGRAM ECU MEDICAL & HLTH SCIENCE FN 525 MOYE BLVD GREENVILLE NC 27834 237138921 501(C)(3) 80234 0 GENERAL PROGRAM 2 0 STUDENT SCHOLARSHIPS 2074 3945808 TAXABLE PRIZES AND AWARDS 81 72232 PART I, LINE 2: AN INDEPENDENT SELECTION COMMITTEE SELECTS RECIPIENTS BASED ON CRITERIA ESTABLISHED IN FUND AUTHORITIES AND FUND AGREEMENTS. FUNDS FOR SCHOLARSHIPS AND AWARDS ARE DISTRIBUTED DIRECTLY TO EAST CAROLINA UNIVERSITY WITH THE INTENT OF BEING USED FOR SCHOLARSHIPS, AWARDS, AND GRANTS. MANAGEMENT REVIEWS REPORTS GENERATED BY THE UNIVERSITY TO ENSURE THE FUNDS WERE DISTRIBUTED APPROPRIATELY. 0 0 0 0 0 0 0 0 0 PHILIP ROGERS DIRECTOR 0 310102 0 0 0 21573 0 39469 0 169053 0 540197 0 0 CHRISTOPHER M DYBA PRESIDENT 0 269599 0 1000 0 11171 0 60525 0 15964 0 358259 0 0 STEPHANIE COLEMAN TREASURER 0 251350 0 0 0 800 0 55501 0 12041 0 319692 0 0 COMPENSATION FROM RELATED ORGANIZATIONS EAST CAROLINA UNIVERSITY PROVIDES COMPENSATION FOR ITS EMPLOYEES WHO SERVE THE EAST CAROLINA UNIVERSITY FOUNDATION, INC. THE UNIVERSITY'S HUMAN RESOURCES DEPARTMENT MANAGES THE COMPENSATION DETERMINATION PROCESS. X 8 28824 FAIR MARKET VALUE X 9409 FAIR MARKET VALUE X 53 501780 FAIR MARKET VALUE X 6 8691 FAIR MARKET VALUE X MISCELLANEOUS 8 12460 FAIR MARKET VALUE X EQUIPMENT 3 11484 FAIR MARKET VALUE X MUSICAL INSTRUMENTS 1 4199 FAIR MARKET VALUE 0 1 1 PART I, LINE 32B: THE ORGANIZATION HIRES THIRD PARTIES TO SELL GIFTS OF DONATED SECURITIES, JEWELRY, ART, OR OTHER NON-CASH CONTRIBUTIONS FOR WHICH AN INDUSTRY EXPERTISE IS REQUIRED. FORM 990, PART VI, SECTION A, LINE 2 DIRECTORS DAVID FUSSELL AND ANGELA MOSS ALSO SERVE ON THE BOARD OF TRUSTEES OF A RELATED ORGANIZATION, EAST CAROLINA UNIVERSITY. DIRECTOR ANGELA MOSS IS EMPLOYED BY A COMPANY IN WHICH A RELATED ORGANIZATION, EAST CAROLINA UNIVERSITY, HOLDS INVESTMENTS. DIRECTOR DAVID FISHER IS EMPLOYED WITH A BANK THAT PROVIDES FINANCING TO RELATED ORGANIZATIONS, EAST CAROLINA UNIVERSITY REAL ESTATE FOUNDATION, INC. AND GREEN TOWN PROPERTIES, INC. THE SERVICES PROVIDED BY THESE EMPLOYERS ARE WITHIN THE ORDINARY COURSE OF BUSINESS ON TERMS GENERALLY OFFERED TO THE PUBLIC. FORM 990, PART VI, SECTION B, LINE 11B THE FOUNDATION PROVIDED THE MEMBERS OF THE BOARD OF DIRECTORS WITH A LINK TO A PASSWORD-PROTECTED SITE THAT CONTAINED A DRAFT OF THE FOUNDATION'S 990 AND 990-T RETURNS. THE DIRECTORS WERE INFORMED OF THE DRAFT'S AVAILABILITY VIA EMAIL. THE FOUNDATION'S AUDIT COMMITTEE MET AND REVIEWED THE RETURNS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS MUST ANNUALLY DISCLOSE ALL POSSIBLE CONFLICTS OF INTEREST. BOARD MEMBERS MUST RECUSE THEMSELVES FROM VOTING ON ISSUES WHERE A CONFLICT MAY EXIST OR ARISE. FORM 990, PART VI, SECTION C, LINE 19 THE BOARD HAS ADOPTED A POLICY OF TRANSPARENCY. IN KEEPING WITH THAT POLICY, THE FOUNDATION POSTS GOVERNING DOCUMENTS, POLICIES, FINANCIAL STATEMENTS, FORMS 990 AND 990-T, AND OTHER DOCUMENTS OF INTEREST ON ITS WEBSITE. FORM 990, PART IX, LINE 11G CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 193,335. MANAGEMENT AND GENERAL EXPENSES 6,399. FUNDRAISING EXPENSES 207,226. TOTAL EXPENSES 406,960. CONTRACT LABOR: PROGRAM SERVICE EXPENSES 483,232. MANAGEMENT AND GENERAL EXPENSES 10,205. FUNDRAISING EXPENSES 294,304. TOTAL EXPENSES 787,741. FORM 990, PART XI, LINE 9: BAD DEBT LOSSES -6,410. CHANGE IN VALUE OF SPLIT INTEREST -73,719. NET TRANSFERS THAT ELIMINATE DURING CONSOLIDATION 17. ECU REAL ESTATE FOUNDATION INC 2200 SOUTH CHARLES BLVD SUITE 110 GREENVILLE NC 27858 561929013 PURCHASE OF REAL ESTATE FOR BENEFIT OF ECU NC 501(C)(3) LINE 12C, III-FI EAST CAROLINA UNIVERSITY FOUNDATION INC 1 EAST CAROLINA UNIVERSITY INC EAST FIFTH STREET GREENVILLE NC 27858 566000403 EDUCATIONAL INSTITUTION - PUBLIC NC LINE 6 N/A 0 GREEN TOWN PROPERTIES INC 2200 SOUTH CHARLES BLVD GREENVILLE NC 27858 460691193 PURCHASE OF REAL ESTATE FOR BENEFIT OF ECU NC 501(C)(3) LINE 12C, III-FI EAST CAROLINA UNIVERSITY FOUNDATION INC 1 CHARITABLE REMAINDER ANNUITY TRUST NC ECU FOUNDATION 0 CHARITABLE REMAINDER UNITRUST (6) TRUST NC ECU FOUNDATION 0 CHARITABLE LEAD UNITRUST (4) TRUST NC ECU FOUNDATION 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 EAST CAROLINA UNIVERSITY INC B 3019355 FAIR MARKET VALUE ECU REAL ESTATE FOUNDATION INC D 1425992 FAIR MARKET VALUE GREEN TOWN PROPERTIES INC D 4441192 FAIR MARKET VALUE EAST CAROLINA UNIVERSITY INC M 1949562 FAIR MARKET VALUE EAST CAROLINA UNIVERSITY INC N 122394 FAIR MARKET VALUE EAST CAROLINA UNIVERSITY INC P 810255 FAIR MARKET VALUE