2026-05-14T10:58:39-05:00 2025-06-30 410746749 CLIFTONLARSONALLEN LLP 121 SOUTH TEJON STREET SUITE 1100 COLORADO SPRINGS CO 80903 990 2024-07-01 566093187 EAST CAROLINA UNIVERSITY FOUNDATION INC EAST 2527374811 2200 S CHARLES BLVD GREENVILLE NC 27858 CHRISTOPHER M DYBA PRESIDENT 2527374811 2026-05-12 1 1 SARAH HINTZ P00492291 7196350330 2026-05-11 2024 2025-03-06 01:10:19Z CHRISTOPHER M DYBA 2200 S CHARLES BLVD GREENVILLE NC 27858 41639518 0 X HTTP://WWW.ECU.EDU/GIVE X 1967 NC RAISE, MANAGE, AND DISTRIBUTE PRIVATE RESOURCES FOR THE BENEFIT OF ECU. 33 29 0 100 67867 35644 17235707 14073949 381373 485577 19428307 10198883 58317 139366 37103704 24897775 4516967 5852294 0 0 0 0 0 0 1909488 7113422 7513645 11630389 13365939 25473315 11531836 232512585 262540294 843617 509945 231668968 262030349 THE FOUNDATION RAISES, MANAGES, AND DISTRIBUTES PRIVATE RESOURCES FOR THE BENEFIT OF EAST CAROLINA UNIVERSITY, ITS STUDENTS AND ACADEMIC AND RESEARCH PROGRAMS, THROUGH PROGRAMMATIC SUPPORT AND SCHOLARSHIP PROGRAMS. 0 0 5038060 5038060 0 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 2025, THE FOUNDATION AWARDED SCHOLARSHIPS TO 2,439 RECIPIENTS TOTALING $4,941,458 AND 79 AWARDS TOTALING $96,602. 3239406 814234 485577 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. 2636485 0 0 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. 10913951 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 0 1 0 0 1 0 1 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 1 117 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 33 29 0 0 1 0 0 1 0 1 1 0 1 1 1 1 1 1 1 1 0 0 0 X BRITTANY STOCKSTILL 2527374811 2200 S CHARLES BLVD 2207 GREENVILLE NC 27858 PHILIP ROGERS DIRECTOR 1.00 40.00 X 0 485052 141165 CHRISTOPHER M DYBA PRESIDENT 20.00 20.00 X X 0 342798 100206 STEPHANIE COLEMAN TREASURER 1.00 40.00 X X 0 304770 90935 MATT SLATE CHAIR 1.00 40.00 X X 0 15648 12533 STEPHEN R CUNANAN VICE CHAIR 1.00 0.00 X X 0 0 0 NICHOLAS CRABTREE SECRETARY 1.00 0.00 X X 0 0 0 KARA BLOUNT ASST. SECRETARY 1.00 0.00 X X 0 0 0 STEPHANIE T BOND ASST. SECRETARY 1.00 0.00 X X 0 0 0 PAUL M ADKISON DIRECTOR 1.00 0.00 X 0 0 0 DON BRINKLEY DIRECTOR 1.00 0.00 X 0 0 0 TAYLOR J CHAPPELL DIRECTOR 1.00 0.00 X 0 0 0 JEROD COHEN DIRECTOR 1.00 0.00 X 0 0 0 MATTHEW CRISP III DIRECTOR 1.00 0.00 X 0 0 0 GORDON M DARRAGH DIRECTOR 1.00 0.00 X 0 0 0 SCOTT M DIGGS DIRECTOR 1.00 0.00 X 0 0 0 BARBARA DOMINICK DIRECTOR 1.00 0.00 X 0 0 0 TODD ERVIN DIRECTOR 1.00 0.00 X 0 0 0 ANDY FERRELL DIRECTOR 1.00 0.00 X 0 0 0 BRANDIE FINTCHRE DIRECTOR 1.00 0.00 X 0 0 0 JESSICA P GORALL DIRECTOR 1.00 0.00 X 0 0 0 ADAM KEEN DIRECTOR 1.00 0.00 X 0 0 0 MIKE KELLY DIRECTOR 1.00 0.00 X 0 0 0 STEVEN LAFEVERS DIRECTOR 1.00 0.00 X 0 0 0 VONTA LEACH DIRECTOR 1.00 0.00 X 0 0 0 JOHN R MAY DIRECTOR 1.00 0.00 X 0 0 0 BRIAN MEYERHOEFFER JR DIRECTOR 1.00 0.00 X 0 0 0 BRIAN J MILLER DIRECTOR 1.00 0.00 X 0 0 0 MISTY L MILLER DIRECTOR 1.00 0.00 X 0 0 0 BRAD OSBORNE DIRECTOR 1.00 0.00 X 0 0 0 ANTHONY W PATTERSON DIRECTOR 1.00 0.00 X 0 0 0 MARY SCHOOF DIRECTOR 1.00 0.00 X 0 0 0 CHRISTINA M TAYLOR DIRECTOR 1.00 0.00 X 0 0 0 RICHARD G TWILLEY DIRECTOR 1.00 0.00 X 0 0 0 0 1148268 344839 0 0 1 0 LEARNTOWIN 805 VETERANS BLVD STE 228 REDWOOD CITY CA 94063 CONTENT DEVELOPMENT/USER LICENSES 196500 CAMBRIDGE ASSOCIATES LLC 115 FEDERAL STREET SUITE 2600 BOSTON MA 02110 INVESTMENT MANAGEMENT SERVICES 194013 2 14993 531920 13527036 950363 14073949 TICKET SALES 713990 226106 226106 FEE REVENUE 611710 153501 153501 BOOK ROYALTIES 513130 88316 88316 NON-TAX ROYALTIES 513130 17654 17654 485577 2911110 2106 2909004 24008136 16720363 7287773 7287773 32079 7255694 38371 14993 21380 16991 16991 MISCELLANEOUS 900099 84183 22897 61286 ADVERTISING & COMMISSI 541800 38192 10785 27407 122375 24897775 485577 67867 10270382 X 5793251 5793251 59043 59043 4206 3010 291 905 22320 22320 3260149 1524121 240020 1496008 322614 290764 12531 19319 603279 275319 113518 214442 283931 268032 11507 4392 820593 721795 23006 75792 203258 185050 10600 7608 36020 453 35567 FOOD PRODUCTS 966025 872924 49088 44013 BOOKS AND EDUCATIONAL S 907947 855381 7702 44864 IN-KIND GIFTS 63089 56222 6867 OTHER EXPENSE 20214 8586 9483 2145 13365939 10913951 542500 1909488 13955735 12039882 7345477 7454796 1680318 1611372 59712 27017 15263 20731 3 3 3 79833683 84949832 126146488 151639641 3475906 4797020 232512585 262540294 100856 159524 21230 26135 721531 324286 843617 509945 X 26114865 32178544 205554103 229851805 231668968 262030349 232512585 262540294 X 11531836 17881586 947959 X X 0 1 X 1 0 X 13884237 12322296 13960772 17235707 14073949 71476961 2063849 2071955 2337299 2907171 3323500 12703774 15948086 14394251 16298071 20142878 17397449 84180735 5802301 78378434 5157317 8872638 3428233 4215407 2909004 24582599 37239 37239 27773 29675 20000 105684 183132 108983705 67521613 0.71920 0.69120 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER FUNDRAISING EVENTS - 2021 AMOUNT: $ 27,773. 2022 AMOUNT: $ 29,675. 2024 AMOUNT: $ 16,991. OTHER GAMING EVENTS - 2023 AMOUNT: $ 20,000. MISCELLANEOUS INCOME - 2024 AMOUNT: $ 88,693. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14950 0 X 0 172425660 4851502 20785148 3993063 1872427 192196820 148772067 5204127 23293296 3224155 1619675 172425660 134425559 6205378 12034250 2471560 1421560 148772067 147199111 3219409 -12561864 2100619 1330478 134425559 105753568 8923240 35745991 1910512 1313176 147199111 0.00000 0.56514 0.43486 0 0 3 3 3 UNC INVESTMENT FUND, LLC 29667940 F DOUBLELINE CORE PLUS PORTFOLIO 10773468 F WELLINGTON GLOBAL RESEARCH EXTENDED FUND, LTD 9274515 F CITY OF LONDON CA INTERNATIONAL EQUITY CEF FUND 9265656 F BURGUNDY DST SMALLER COMPANIES 7292670 F ORBIS INSTITUTIONAL INTERNATIONAL EQUITYL.P. 7204377 F ACADIAN INTERNATIONAL SMALL CAP FUND 7120161 F ARROWSTREET GLOBAL EQUITY ACWI 6933637 F CF WTC-CTF EMERGING CO'S 6111510 F INDEPENDENT FRANCHISE PARTNERS GLOBAL EQUITY, LP 4879568 F TRINITY STREET COMMINGLED GLOBAL EQUITY FUND LP 4135992 F TWIN BRIDGE NARROW GATE FUND, L.P. 4130360 F KLINE HILL PARTNERS OFFSHORE FEEDER FUND V LP - SCA 4088701 F FEG PRIVATE OPPORTUNITIES FUND IV, L.P. 3853247 F DAVIDSON KEMPNER INSTITUTIONAL PARTNERS LP 3284151 F POLUNIN DEVELOPING COUNTRIES FUND, LLC 3076713 F DOVER STREET XI FEEDER FUND L.P. 2999899 F GQG PARTNERS EMERGING MARKETS EQUITY FUND 2548719 F HIGHBRIDGE TACTICAL CREDIT FUND, LTD 2452308 F PALMER SQUARE INCOME PLUS FUND, LLC 2379982 F FEG PRIVATE OPPORTUNITIES FUND II, LP 2293334 F HBK MULTI-STRATEGY OFFSHORE FUND, LTD 2259626 F CIM ENTERPRISE LOAN FUND LP 2259359 F HUDSON BAY INTERNATIONAL FUND, LTD 2200532 F FEG PRIVATE OPPORTUNITIES FUND III LP 1927021 F PEPPERTREE CAPITAL FUND X QP, LP 1865391 F NEWTYN TE PARTNERS, LP 1413121 F JUNTO OFFSHORE FUND, LTD 1352546 F DORSAL CAPITAL PARTNERS, LTD 1317031 F FEG PRIVATE OPPORTUNITIES FUND, L.P. 981884 F MGG SF EVERGREEN UNLEVERED FUND LP 967799 F FALCON PRIVATE CREDIT OPPORTUNITIES VI LP 764710 F KLINE HILL PARTNERS OFFSHORE FEEDER II 372920 F HULL STREET ENERGY PARTNERS III, LP 114377 F PEAKSPAN CAPITAL GROWTH PARTNERS IV, LP 60650 F NORTHGATE PRIVATE EQUITY PARTNERS LP 15766 F 151639641 ANNUITIES PAYABLE 25100 PAYABLE TO RELATED ORGS 299186 324286 X PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES AS A PUBLIC CHARITY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT ON NET INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES. AT JUNE 30, 2025 AND 2024, 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 0 0 INVESTMENTS 20874433 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 11715325 SOUTH AMERICA 0 0 SCHOLARSHIPS 16207 NORTH AMERICA 0 0 SCHOLARSHIPS 1500 SOUTH ASIA 0 0 SCHOLARSHIPS 16758 SUB-SAHARAN AFRICA 0 0 SCHOLARSHIPS 19178 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 SCHOLARSHIPS 2400 CENTRAL AMERICA AND THE CARIBBEAN 0 0 SCHOLARSHIPS 1000 MIDDLE EAST AND NORTH AFRICA 0 0 SCHOLARSHIPS 2000 0 0 0 0 0 0 32646801 2000 32648801 SCHOLARSHIP SOUTH AMERICA 3 16207 FINANCIAL AID SCHOLARSHIP NORTH AMERICA 1 1500 FINANCIAL AID SCHOLARSHIP SOUTH ASIA 3 16758 FINANCIAL AID SCHOLARSHIP SUB-SAHARAN AFRICA 14 19178 FINANCIAL AID SCHOLARSHIP EUROPE (INCLUDING ICELAND & GREENLAND) 3 2400 FINANCIAL AID SCHOLARSHIP CENTRAL AMERICA AND THE CARIBBEAN 1 1000 FINANCIAL AID SCHOLARSHIP MIDDLE EAST AND NORTH AFRICA 1 2000 FINANCIAL AID 1 0 0 0 0 0 ALUMNI GOLF TOURNAMENT 17299 12365 4934 180 4377 1796 5926 ALUMNI ROAD RACE 11730 2628 9102 1828 258 7015 29029 14993 14036 180 6205 2054 12941 21380 -7344 1 ECU MEDICAL AND HEALTH SCIENCES FOUNDATION INC 690 MEDICAL DRIVE GREENVILLE NC 27835 237138921 501(C)(3) 56000 0 N/A N/A GENERAL PROGRAM EAST CAROLINA UNIVERSITY EAST 5TH ST MS 211 GREENVILLE NC 27858 566000403 STATE OF NC 5430379 306872 N/A N/A GENERAL PROGRAM 2 0 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 437363 0 34556 0 13133 0 48449 0 92716 0 626217 0 0 CHRISTOPHER M DYBA PRESIDENT 0 333007 0 0 0 9791 0 83720 0 16486 0 443004 0 0 STEPHANIE COLEMAN TREASURER 0 304050 0 0 0 720 0 76192 0 14743 0 395705 0 0 PART II, 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 3 14950 FAIR MARKET VALUE X 260220 FAIR MARKET VALUE X 3137 FAIR MARKET VALUE X 54 580402 FAIR MARKET VALUE X 23 37974 FAIR MARKET VALUE X SUPPLIES & MATERIALS 22 53680 FAIR MARKET VALUE 0 0 1 1 PART I, COLUMN (B): COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS. PART I, LINE 32B: THE ORGANIZATION HIRES THIRD PARTIES TO SELL GIFTS OF JEWELRY, ART OR OTHER NON-CASH CONTRIBUTIONS FOR WHICH AN INDUSTRY EXPERTISE IS REQUIRED. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL BE COMPRISED OF THE CHAIR, THE VICE CHAIR, THE IMMEDIATE PAST CHAIR, THE PRESIDENT, THE SECRETARY, THE ASSISTANT SECRETARIES, THE TREASURER, THE CHAIR OF THE ECU REAL ESTATE FOUNDATION, INC., THE CHAIR OF GREEN TOWN PROPERTIES, INC., THE VICE CHANCELLOR OF UNIVERSITY ADVANCEMENT, AND THE CHAIRS OF ALL STANDING COMMITTEES. THE EXECUTIVE COMMITTEE SHALL BE THE DAY TO DAY ADMINISTRATIVE BODY OF THE FOUNDATION. IT SHALL SERVE AS THE PRIMARY PLANNING BODY FOR THE FOUNDATION, SHALL CONSIDER AND APPROVE ALL BUDGET MATTERS, AND PERFORM ALL OTHER ADMINISTRATIVE DUTIES ASSIGNED BY THE BOARD OF DIRECTORS, AND SHALL REPORT ON ITS ACTIONS AT THE NEXT MEETING OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 4 DURING THE TAX YEAR, THE ORGANIZATION AMENDED ITS BYLAWS TO ADD LANGUAGE ENSURING COMPLIANCE WITH UNC SYSTEM REGULATION 600.2.5.2R REGARDING REQUIRED GOVERNANCE ELEMENTS FOR UNIVERSITY ASSOCIATED ENTITIES. THE AMENDMENT PROVIDES THAT AT LEAST ONE THIRD (1/3) OF THE FOUNDATION'S VOTING BOARD MEMBERS MUST BE APPOINTED BY ECU'S CHANCELLOR OR BE SENIOR ACADEMIC OR ADMINISTRATIVE OFFICERS OF THE UNIVERSITY. FORM 990, PART VI, SECTION A, LINE 7A THE CHANCELLOR OF EAST CAROLINA UNIVERSITY HAS THE RIGHT TO APPOINT 1/3 OF THE BOARD OF EACH AFFILIATED ENTITY FOR A UNC SYSTEM SCHOOL. THIS CHANGE IS REFLECTED IN THE BY-LAWS UPDATE AND IN THE OPERATING AGREEMENT BETWEEN THE UNIVERSITY AND EACH AFFILIATED ENTITY. THIS AUTHORITY IS GIVEN THROUGH THE UNC SYSTEM'S REGULATION ON REQUIRED ELEMENTS OF UNIVERSITY-ASSOCIATED ENTITY RELATIONSHIP (UNC POLICY MANUAL 600.2.5.2[R] FORM 990, PART VI, SECTION B, LINE 11B THE FOUNDATION PROVIDES THE MEMBERS OF THE BOARD OF DIRECTORS WITH A LINK TO A PASSWORD-PROTECTED SITE THAT CONTAINS A DRAFT OF THE FOUNDATION'S 990 AND 990-T RETURNS. THE DIRECTORS ARE INFORMED OF THE DRAFT'S AVAILABILITY VIA EMAIL. THE FOUNDATION'S AUDIT COMMITTEE THEN MEETS AND REVIEWS THE RETURNS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANY DIRECTOR OF THE BOARD WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST IN ANY CONTRACT OR TRANSACTION WITH THE FOUNDATION MUST DISCLOSE SUCH INTEREST TO THE BOARD. IF A CONFLICT HAS BEEN FOUND TO EXIST BY THE REMAINING BOARD MEMBRS, SUCH DIRECTOR SHALL NOT PARTICIPATE IN DISCUSSIONS REGARDING THE SUBJECT MATTER DISCLOSED AND SHALL NOT VOTE ON ANY ACTION RELATING TO SAID SUBJECT MATTER. ALL DIRECTORS SHALL SIGN AND HAVE FILED IN THE FOUNDATION OFFICE A CONFLICT OF INTEREST STATEMENT ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 599,780. MANAGEMENT AND GENERAL EXPENSES 2,653. FUNDRAISING EXPENSES 37,192. TOTAL EXPENSES 639,625. CONTRACT LABOR: PROGRAM SERVICE EXPENSES 924,341. MANAGEMENT AND GENERAL EXPENSES 237,367. FUNDRAISING EXPENSES 1,458,816. TOTAL EXPENSES 2,620,524. FORM 990, PART XI, LINE 9: BAD DEBT LOSSES -642,947. CHANGE IN VALUE OF SPLIT INTEREST 1,590,906. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. ECU INNOVATION FOUNDATION LLC 2220 S CHARLES BLVD SUITE 1100 GREENVILLE NC 27858 SUPPORT OF EAST CAROLINA UNIVERSITY FOUNDATION, INC. NC 0 0 EAST CAROLINA UNIVERSITY FOUNDATION INC 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 12B, II EAST CAROLINA UNIVERSITY FOUNDATION INC 1 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 12B, II EAST CAROLINA UNIVERSITY FOUNDATION INC 1 EAST CAROLINA UNIVERSITY INC EAST FIFTH STREET GREENVILLE NC 27858 566000403 EDUCATIONAL INSTITUTION - PUBLIC NC N/A 0 CHARITABLE REMAINDER UNITRUST (6) TRUST NC ECU FOUNDATION T 0 LIFE ESTATE (1) TRUST NC ECU FOUNDATION T 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 GREEN TOWN PROPERTIES INC D 5181896 FAIR MARKET VALUE ECU REAL ESTATE FOUNDATION INC C 531920 FAIR MARKET VALUE EAST CAROLINA UNIVERSITY B 5737251 AMOUNT PAID EAST CAROLINA UNIVERSITY M 3166192 FAIR MARKET VALUE EAST CAROLINA UNIVERSITY N 157308 FAIR MARKET VALUE EAST CAROLINA UNIVERSITY P 2636485 FAIR MARKET VALUE