2026-05-14T01:00:24-00:00 2025-06-30 581910650 Murphy and Company PC 1475 Klondike Road Suite 100 Conyers GA 30094 990 2024-07-01 566075899 The North Carolina A&T Real Estate Foundation Inc NORT 3364335560 PO Box 20366 Greensboro NC 274200366 Sheena Jerman Interim Executive Director 3364335560 2026-05-14 true Dane Alexander P01684380 4048740555 2026-05-14 2024 2025-03-06 01:10:19Z Sheena Jerman PO Box 20366 Greensboro NC 27420 25696950 false X X 1946 NC To provide scholarships and institutional support to North Carolina ATT University students, faculty, and departments, as well as to support institutional real estate activity. 11 10 0 906477 16408 20122 24583929 25676828 0 0 24600337 25696950 0 0 3368923 3045478 0 0 21347945 23147105 24716868 26192583 -116531 -495633 162991700 178426730 140500716 154486647 22490984 23940083 X The mission of the Foundation is to support North Carolina AT State Universitys quality environment of exemplary teaching and learning, scholarly and creative research, and effective community engagement and public service through the acquisition, ownership, transfer, development, and management of real estate or real estate-related projects. false false The Foundation provides direct support to the University departments by the management of fund accounts that include restricted, unrestricted, scholarships, endowments and grants. 19644437 25676828 To expand the footprint of the University and accomodate the increasing demand for student housing, the Foundation constructs, acquires, maintains, and manages student housing. 19644437 true true false false false false false false false true true true false true true true true false false false false false false false false false false false false true true false false false false false false false false false false false false false false true true false true false true 35 0 0 true true false false false false false false false false false false false X 11 10 false false false false false false false true true false false true true true true true true false true false NC X Sheena Jerman 3364335560 P O Box 20366 Greensboro NC 27420 Harold Martin Sr Chancellor 000.05 045.00 X 347384 0 84574 Kimberly A Cameron Excecutive Director 045.00 X 174805 0 42566 James R Martin II Chancellor 045.00 X 191950 0 22473 Sheena J Jerman Director of Real Estate 045.00 X 134858 0 32151 Jacqueline D Stringfellow Director of Accounting 045.00 X 112469 0 28178 Adrienne Bain Chair 000.50 X X 0 0 0 Darrell Perry Vice Chair 000.50 X X 0 0 0 Jennifer Duru-Perry Secretary 000.50 X X 0 0 0 Daniel Lim Treasurer 000.50 X X 0 0 0 Nakira A Carter Director 000.50 X 0 0 0 Harold Cogdell Director 000.50 X 0 0 0 James Cox Director 000.50 X 0 0 0 Niketa Greene Director 000.50 X 0 0 0 Thomas E Powers III Director 000.50 X 0 0 0 Walker Sanders Director 000.50 X 0 0 0 961466 209942 5 false true false CliftonLarsonAllen LLP 3575 Piedmont Rd NE Bldg 15 Ste1550 Atlanta GA 30305 Contracted Accounting Services 412522 The Budd Group 2620 River Rd Piedmont SC 29673 Janitorial Services and Maintenance 244937 Kay Heating Air Conditioning Inc 809 Post St Greensboro NC 27405 Repairs and Maintenance and Installation 141028 H R Home Enhancers 1400 Woodsman Ct High Point NC 27265 Home improvement Services 128270 Five Stars Construction and Repair 928 Woodbrook Dr Greensboro NC 27410 Construction and Repair Services 113000 6 20122 20122 Rental Income 531110 24920655 24014178 906477 Fee Income 756173 756173 25676828 25696950 24770351 906477 X 0 0 0 0 1171408 878556 292852 0 1288221 966166 322055 0 448048 336036 112012 137801 103351 34450 0 0 0 0 0 2786715 2090036 696679 0 400752 300564 100188 0 0 3412999 2559749 853250 21087 15815 5272 0 0 5919080 4439310 1479770 0 4841319 3630989 1210330 1204124 903093 301031 Repairs maintenance/Supplies equipment 2986182 2239636 746546 Bad debt/Bond issuance costs 446043 334532 111511 Other fees 480955 360716 120239 647849 485888 161961 26192583 19644437 6548146 0 2124669 2825836 1713286 2431487 150264527 32788813 119281536 117475714 15436050 15335420 473693 872734 23962466 39485539 162991700 178426730 1733605 1310645 101078785 139680940 37437228 12896287 251098 598775 140500716 154486647 X 22440984 23890083 50000 50000 22490984 23940083 162991700 178426730 X -495633 1178122 766610 X false true X true false X 9621045 7963123 16408 20122 17620698 9621045 7963123 16408 20122 17620698 17620698 66099 158161 396316 562901 1183477 21167 100517 106090 227774 826300 599817 1243015 2669132 21701081 0.81200 0.89000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false 3133211 313908 414538 3032581 3048231 349932 264952 3133211 6857795 46411 -12223 347475 6544508 7095161 89389 -14901 311854 6857795 5636730 69209 1859315 470093 7095161 0.97000 0.03000 false true true 16357440 16357440 119188886 28565234 90623652 6600589 2401950 4198639 4930893 1821629 3109264 3186719 3186719 117475714 Financial derivatives and other financial products Closely-held equity interests Securities 3025135 F Limited partnership 7446 F Real estate 12302839 F 15335420 Other assets 5464 Funds held by others 126889 Cash surrender value of life insurance Restricted cash and cash equivalents 39353186 39485539 Federal income taxes Related party payable - NC AT State University 598775 Related party payable Interest swap agreement Fund due to others 598775 X 27644761 1178122 769689 1947811 25696950 25696950 26195662 3079 3079 26192583 26192583 X 2 For the year ended June 30, 2025, the Foundation has considered recognition requirements for uncertain tax positions as required by generally accepted accounting principles. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more-likely-than-not be sustained upon examination by taxing authorities. The Foundation has analyzed tax positions taken for filing with the Internal Revenue Service and all applicable state jurisdictions. The Foundation believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on the Foundations financial position. XI 2d 769,689 in other income from non-operating activities. X false false false false false false false false false Kimberly A Cameron Excecutive Director 174805 42566 217371 Harold Martin Sr Chancellor 347384 84574 431958 Sheena J Jerman Director of Real Estate 134858 32151 167009 James R Martin II Chancellor 191950 22473 214423 A NC Capital Facilities 561592154 2015-10-01 22495000 To refund student revenue bond false false false B NC Capital Facilities 561592154 2014-07-01 21000000 To construct student housing false false false C Public Finance Authority 2019-06-25 26020000 Refunding existing indebtedness false false false D Public Finance Authority 2019-12-18 47795000 Acquisition apartment facility false false false A 24245853 2114311 21249100 485859 396588 2015 true false false false B 215000000 1270400 373739 215943 17911704 1278214 2004 false false false true C 28471501 2569947 656197 25719996 2019 false false false true D 47795000 6316974 842651 74253701 2020 false true true A false false false false false 0.01000 0.01000 false false false B false false false false false 0.01000 0.01000 false false false C false false false false false 0.01000 0.01000 false false false D false false false false false 0.01000 0.01000 false false false A false false false true true false false false true B false false false true true false false false true C false false false true true false false false true D false false false false true false false false true A true B true C true A Public Finance Authority 273866124 74439YEZ0 2024-10-22 27736227 Refund prior taxable bonds working capital mgmt fee Aggie Apt Life II Project, Series 2024A false B Public Finance Authority 273866124 74439YGG0 2025-05-01 35151335 Buildings/structures refund tax-exempt bonds Campus Real Estate Project, Series 2025A false C Board of Governors of the University of North Carolina 566001391 000000000 2025-11-06 35145000 NC AT State Univ Gen Revenue Refunding Bond 2025 refund tax-exempt bonds 11/24/2015 false A 27736227 1895850 554725 278538 25007115 2024 false true B 35151335 2403112 697200 15604120 16446903 true false C 35145000 205000 34940000 2025 true false A false true false false false B false true false false false C false true false false false Form 990, Part III, Line 1 This mission is accomplished by, among other things 1 Cultivating and managing gifts of real estate on behalf of the University and its associated entities 2 Acquiring strategic real estate in support of the Strategic Plan and Master Capital Plan of the University 3 Selling, leasing, developing, or transferring real estate for the sole benefit of the University and its associated entities and 4 Managing a portfolio of real estate to provide a consistent revenue stream in support of the University and its association. Form 990, Part VI, Section B, Line 11b Upon completion by our auditors, the Foundations Form 990 and UBIT tax returns are reviewed by the Director of Accounting and the Financial Reporting team, then presented to the Executive Director. The auditors will then present the annual tax returns to the Foundations Finance Committee. Form 990, Part VI, Section B, Line 12c The Foundation requires all employees and Board of Directors to complete the conflict of interest form annually and disclose any instances on the disclosure form. Form 990, Part VI, Section B, Line 15b As North Carolina state employees of North Carolina AT State University, the Foundations Human Resources process is managed by the Universitys Human Resources department. Salaries and classifications are governed by the University of North Carolina UNC Systems General Administration. Thus, the salary for the Executive Director is estabilshed by the Vice Chancellor of Business Finance within the guidelines set by the UNC Systems General Administration. Key employee salaries are established by the Executive Director within the guidelines set by the UNC Systems General Administration. Form 990, Part VI, Section C, Line 19 An electronic copy of the Form 990 and UBIT tax returns and the Foundations governing documents and conflict of interest policy are retained on its secure Share Point site are made availabe upon request for public view. Copies are also made available for distribution upon request to stakeholders, University colleagues, and constituents. Form 990, Part IX, Line 11g Other services include professional fees of 1,424,263 and other contract services of 1,362,452, totaling 2,786,715. Form 990, Part XI, Line 8 Prior period adjustment of 766,610 is based on changes made to the FY2024 audited financial statements. The NC A&T University Foundation LLC 200 N Benbow Road Greensboro NC 27411 562222757 Manage student housing for use by the University NC The North Carolina A&T Real Estate Foundation Inc The NC A&T Real Estate Foundation LLC 200 N Benbow Road Greensboro NC 27411 824865519 Acquire, maintain, and manage student housing NC The North Carolina A&T Real Estate Foundation Inc The NC A&T Investment Foundation Inc 1601 E Market Street Greensboro NC 27401 823043129 Sole purpose of providing investment management NC The North Carolina A&T Real Estate Foundation Inc Aggie Apartment Life Holding Corporation LLC 200 N Benbow Road Greensboro NC 27411 881305246 Acquire, maintain, and manage student apartment housing facilities NC The North Carolina A&T Real Estate Foundation Inc Bulldog Real Estate Holdings of East Greensboro LLC 200 N Benbow Road Greensboro NC 27411 871205047 Hold and manage all assets associated with the Resurgen - Mixed Use New Market Tax Credit Project an NC The North Carolina A&T Real Estate Foundation Inc The Aggie Athletic Foundation 1601 E Market Street Greensboro NC 27411 274444729 Provide support for NC AT Athletics NC 501c3 N/A false false false false false false false false false false false false true false false false true true false false NC A&T State University q 791033 FMV NC A&T State University p 2032529 FMV