2023-11-09T12:47:27-06:00 2023-06-30 561031342 WILLIAMS OVERMAN PIERCE LLP 2501 ATRIUM DRIVE SUITE 500 RALEIGH NC 27607 990 2022-07-01 581344473 NORTH CAROLINA VETERINARY MEDICAL FOUNDATION INC NORT 9195137149 NCSU BOX 7207 RALEIGH NC 276957207 ERIN DELEHANTY ASST TREASURER 9195137149 2023-11-09 1 ERIN DELEHANTY 999009999 0 MARYELLEN PRANCE CPA P01662078 9197823444 2023-11-09 X 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ERIN DELEHANTY NCSU BOX 7207 RALEIGH NC 276957207 19403721 0 X SEE SCHEDULE O X 1978 NC THE NORTH CAROLINA VETERINARY MEDICAL FOUNDATION, INC. PROVIDES FINANCIAL SUPPORT FOR ALL TYPES OF EDUCATION AND RESEARCH IN THE FIELD OF VETERINARY MEDICINE AT NORTH CAROLINA STATE UNIVERSITY. 24 23 0 23 0 0 9447369 11714445 0 0 1594665 2654787 8121 9779 11050155 14379011 1918909 2086946 0 0 345772 374258 0 0 544812 4798308 6208420 7062989 8669624 3987166 5709387 124611842 129193852 496173 459782 124115669 128734070 TO PROVIDE FINANCIAL SUPPORT FOR ALL TYPES OF EDUCATION AND RESEARCH IN THE FIELD OF VETERINARY MEDICINE AT NORTH CAROLINA STATE UNIVERSITY. 0 0 8071297 2086946 PROVIDES FINANCIAL SUPPORT FOR ALL TYPES OF EDUCATION AND RESEARCH IN THE FIELD OF VETERINARY MEDICINE AT NORTH CAROLINA STATE UNIVERSITY. 8071297 1 1 0 0 0 0 0 1 0 1 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 3 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 X 24 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X ERIN DELEHANTY 9195137149 NCSU BOX 7207 RALEIGH NC 27695 HELEN BALLENTINE DIRECTOR 1.00 X 0 0 0 FRANCES BRYAN DIRECTOR 1.00 X 0 0 0 THOMAS CABANISS DIRECTOR 1.00 X 0 0 0 BRYAN DOWNEY DIRECTOR 1.00 X 0 0 0 APRIL ESHELMAN DIRECTOR 1.00 X 0 0 0 KADY GJESSING DIRECTOR 1.00 X 0 0 0 NATHANIEL HYDE DIRECTOR 1.00 X 0 0 0 DAVID KNIGHT DIRECTOR 1.00 X 0 0 0 CLIFF LEATH DIRECTOR 1.00 X 0 0 0 CAT LINEBERRY DIRECTOR 1.00 X 0 0 0 ERICA MEARNS DIRECTOR 1.00 X 0 0 0 WENDELL MURPHY III DIRECTOR 1.00 X 0 0 0 EMILY RAGSDALE DIRECTOR 1.00 X 0 0 0 BETSY SAUL DIRECTOR 1.00 X 0 0 0 THOMAS SMITH DIRECTOR 1.00 X 0 0 0 WILLIAM THOMPSON JR DIRECTOR 1.00 X 0 0 0 EDWARD VINSON DIRECTOR 1.00 X 0 0 0 BETTY WHEELER DIRECTOR 1.00 X 0 0 0 TIMOTHY WRIGHT DIRECTOR 1.00 X 0 0 0 VALERIE YOFFE DIRECTOR 1.00 X 0 0 0 SUSAN WARD IMMEDIATE PAST PRESIDENT 1.00 X X 0 0 0 KATHE GARRISON VICE PRESIDENT 1.00 X X 0 0 0 CHARLES D COLLINS JR PRESIDENT 1.00 X X 0 0 0 SHERRY BUCKLES SECRETARY 1.00 40.00 X 0 162060 47134 DANA HARRIS TREASURER 1.00 X 0 0 0 ERIN DELEHANTY ASSISTANT TREASURER 1.00 40.00 X 0 178758 51157 MARY PELOQUIN-DODD FORMER TREASURER 1.00 40.00 X 0 290924 44428 0 631742 142719 0 1 1 0 0 11714445 125032 11714445 323375 323375 7356122 5024710 2331412 2331412 2331412 OTHER REVENUE 611710 9779 9779 9779 14379011 0 0 2664566 2086946 2086946 374258 374258 3951 3951 48500 48500 11062 6619 4443 14174 7304 6870 5 5 76916 63403 13513 9659 4754 4905 6485 1119 74 5292 CAPITAL IMPROVEMENTS 4340130 4340130 SERVICES & FEES 914098 872139 990 40969 EDUCATION EQUIPMENT 340387 335342 5045 SUPPLIES 297852 248352 49500 145201 105184 40017 8669624 8071297 53515 544812 20528202 24535205 301118 1267484 326945 103672354 102954050 110168 110168 124611842 129193852 496173 459782 496173 459782 X 56205648 57147633 67910021 71586437 124115669 128734070 124611842 129193852 X 5709387 -1068839 -22147 X X 0 1 X 1 0 X 5542817 6974762 7418574 9447369 11714445 41097967 5542817 6974762 7418574 9447369 11714445 41097967 18670922 22427045 265546 310760 188418 96572 323375 1184671 12675 13941 5586 8121 9779 50102 42332740 0.52980 0.55290 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 94495 X ART ON DISPLAY IN TERRY CEN 0 103193013 2236984 1144376 4028266 102546107 100409778 1940519 2886633 2043917 103193013 75156777 942213 28876987 4566199 100409778 75730409 540973 1477233 2591838 75156777 72542506 933835 5204724 2950656 75730409 0.47591 0.33374 0.19035 0 0 0 NC STATE INVESTMENT FUND 102369078 F LIFE INCOME FUNDS 584972 F 102954050 LIFE INCOME FUNDS PAYABLE 421740 DUE TO OTHERS 31282 DUE TO ASSOCIATED ENTITIES 6760 459782 X 13704025 -1068839 416000 -22147 -674986 14379011 0 14379011 9085624 416000 416000 8669624 0 8669624 PART III, LINE 4: PROVIDES SOLACE AND COMFORT TO CLIENTS VISITING CVM/HOSPITAL PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF APPROXIMATELY 175 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES RELATED TO THE MISSION OF THE UNIVERSITY. PART X, LINE 2: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION, AND HAS CONCLUDED THAT AS OF JUNE 30, 2023, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO TAX YEAR 2019. PART XI, LINE 2D - OTHER ADJUSTMENTS: DECREASE IN VALUE OF SPLIT INTEREST AGREEMENT -22,147. 1 NORTH CAROLINA STATE UNIVERSITY NCSU BOX 7205 RALEIGH NC 27695 566000756 170(C)(1) 2086946 0 BOOK N/A SCHOLARSHIPS, FACULTY SUPPORT, DEPARTMENTAL SUPPORT, AND FACILITY SUPPORT 1 PART I, LINE 2: GRANTS REPRESENT REIMBURSEMENT OF EXPENSES PROCESSED THROUGH THE UNIVERSITY'S ACCOUNTING SYSTEMS, AND ARE SUBJECT TO UNIVERSITY AND STATE OF NORTH CAROLINA GUIDELINES, IN ADDITION TO ANY RESTRICTIONS PLACED DIRECTLY BY DONORS. X 0 0 0 0 0 0 0 0 0 MARY PELOQUIN-DODD FORMER TREASURER 0 290924 0 0 0 0 0 38597 0 5831 0 335352 0 0 ERIN DELEHANTY ASSISTANT TREASURER 0 178758 0 0 0 0 0 43446 0 7711 0 229915 0 0 SHERRY BUCKLES SECRETARY 0 162060 0 0 0 0 0 39423 0 7711 0 209194 0 0 SCHEDULE J, PART II - COMPENSATION FROM RELATED ORGANIZATIONS THE BOARD MEMBERS THAT ARE COMPENSATED RECEIVE COMPENSATION FROM NC STATE UNIVERSITY, A 170(C)(1) ORGANIZATION RELATED TO NORTH CAROLINA VETERINARY MEDICAL FOUNDATION. X 7 125032 FMV 0 1 0 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE CONSISTS OF THE OFFICERS, THE IMMEDIATE PAST PRESIDENT, AND TEN OTHER MEMBERS OF THE BOARD OF DIRECTORS. THE SECRETARY AND TREASURER OF THE CORPORATION SHALL SERVE IN AN ADVISORY CAPACITY ONLY AND SHALL BE NON-VOTING MEMBERS OF THE EXECUTIVE COMMITTEE. TERMS OF ALL MEMBERS OF THE EXECUTIVE COMMITTEE SHALL COINCIDE WITH THE TERMS OF THEIR QUALIFYING RESPECTIVE OFFICES OR DESIGNATIONS; PROVIDED FURTHER, HOWEVER, THAT THE IMMEDIATE PAST PRESIDENT SHALL BE A NON-VOTING MEMBER OF THE EXECUTIVE COMMITTEE UNLESS HE IS ALSO A MEMBER OF THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE, IN THE INTERIMS BETWEEN THE MEETINGS OF THE BOARD OF DIRECTORS, SHALL EXERCISE ALL POWERS OF THE CORPORATION, INCLUDED ALL OF THE POWERS THAT HAVE BEEN CONFERRED UPON IT OR UPON THE BOARD OF DIRECTORS, EXCEPT THAT THE EXECUTIVE COMMITTEE SHALL HAVE NO POWER OR AUTHORITY TO (A) AUTHORIZE DISTRIBUTIONS; (B) APPROVE DISSOLUTION, MERGER OR SALE, PLEDGE OR TRANSFER OF ALL OR SUBSTANTIALLY ALL OF THE CORPORATION'S ASSETS; (C) ELECT, APPOINT OR REMOVE DIRECTORS, OR FILL VACANCIES ON THE BOARD OR ON ANY OF ITS COMMITTEES; OR (D) ADOPT, AMEND OR REPEAL THE ARTICLES OF INCORPORATION OR THESE BYLAWS. THE PRESENCE OF SIX MEMBERS OF THE EXECUTIVE COMMITTEE AT ANY REGULAR OR SPECIAL MEETING OF SAID COMMITTEE SHALL CONNSTITUTE A QUORUM FOR THE TRANSACTION OF BUSINESS. FORM 990, PART VI, SECTION B, LINE 11B DRAFT 990 IS DISTRIBUTED TO BOARD MEMBERS FOR THEIR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANY CORPORATE TRANSACTION IN WHICH A DIRECTOR HAS A DIRECT OR INDIRECT INTEREST MUST BE AUTHORIZED, APPROVED, OR RATIFIED IN GOOD FAITH BY A MAJORITY, NOT LESS THAN TWO OF THE DIRECTORS WHO HAVE NO DIRECT OR INDIRECT INTEREST IN THE TRANSACTION EVEN THOUGH LESS THAN A QUORUM; PROVIDED, HOWEVER, NO SUCH TRANSACTION SHALL BE AUTHORIZED, APPROVED, OR RATIFIED BY A SINGLE DIRECTOR. A DIRECTOR HAS AN INDIRECT INTEREST IN A TRANSACTION IF: (A) ANOTHER ENTITY IN WHICH HE HAS A MATERIAL FINANCIAL INTEREST OR IN WHICH HE IS A GENERAL PARTNER IS A PARTY TO THE TRANSACTION; OR (B) ANOTHER ENTITY OF WHICH HE IS A DIRECTOR, OFFICER, OR TRUSTEE IS A PARTY TO THE TRANSACTION AND THE TRANSACTION IS OR SHOULD BE CONSIDERED BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS AND OFFICERS OF NORTH CAROLINA VETERINARY MEDICAL FOUNDATION THAT DO RECEIVE COMPENSATION ARE COMPENSATED BY NC STATE UNIVERSITY, A 170(C)(1) ORGANIZATION RELATED TO NORTH CAROLINA VETERINARY MEDICAL FOUNDATION. NC STATE UNIVERSITY SETS THE COMPENSATION OF THESE EMPLOYEES BY ACQUIRING COMPARABILITY DATA WHICH IS REVIEWED AND APPROVED BY INDEPENDENT PERSONS WITH CONTEMPORANEOUS SUBSTANTIATION OF THE DECISION. FORM 990, PART VI, SECTION C, LINE 18 THE 990 IS LISTED ON THE WEBSITE. FORM 1023 (WHICH WAS FILED PRIOR TO JULY 15,1987) IS NOT PUBLICLY AVAILABLE. FORM 990, PART VI, SECTION C, LINE 19 THE AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE WEBSITE HTTP://FOUNDATIONSACCOUNTING.OFA.NCSU.EDU/FOUNDATIONS/NORTH-CAROLINA- VETERINARY-MEDICAL-FOUNDATION-INC. OTHER GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN SPLIT INTEREST AGREEMENTS -22,147. FORM 990, PART XII, LINE 2C: PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. PAGE 1, QUESTION J (WEBSITE) HTTP://FOUNDATIONSACCOUNTING.OFA.NCSU.EDU/FOUNDATIONS/ NORTH-CAROLINA-VETERINARY-MEDICAL-FOUNDATION-INC NORTH CAROLINA STATE UNIVERSITY FOUNDATION INC NCSU BOX 7207 RALEIGH NC 27695 566049503 SUPPORTS THE VARIOUS COLLEGES WITHIN THE UNIVERSITY NC 501(C)(3) LINE 5 N/A 0 NC STATE INVESTMENT FUND INC NCSU BOX 7207 RALEIGH NC 27695 311607634 INVESTS FUNDS OF NC STATE UNIVERSITY ENDOWMENT AND RELATED ENTITIES NC 501(C)(3) LINE 12C, III-FI N/A 0 NORTH CAROLINA STATE UNIVERSITY NCSU BOX 7205 RALEIGH NC 27695 566000756 EDUCATION NC 170(C)(1) N/A 0 THE NORTH CAROLINA AGRICULTURAL FOUNDATION INC NCSU BOX 7207 RALEIGH NC 27695 566049304 SUPPORTS THE COLLEGE OF AGRICULTURE & LIFE SCIENCES AT NCSU NC 501(C)(3) LINE 5 N/A 0 NC STATE UNIVERSITY ALUMNI ASSOCIATION INC NCSU BOX 7207 RALEIGH NC 27695 566035544 PROMOTES ALUMNI AFFAIRS & AWARENESS OF NCSU IN COMMUNITY NC 501(C)(3) LINE 5 N/A 0 NC STATE ENGINEERING FOUNDATION INC NCSU BOX 7207 RALEIGH NC 27695 566046987 SUPPORTS THE COLLEGE OF ENGINEERING AT NCSU NC 501(C)(3) LINE 5 N/A 0 NC STATE UNIVERSITY COLLEGE OF SCIENCES FOUNDATION INC NCSU BOX 7207 RALEIGH NC 27695 581524289 SUPPORTS THE COLLEGE OF SCIENCES AT NCSU NC 501(C)(3) LINE 5 N/A 0 NC STATE NATURAL RESOURCES FOUNDATION INC NCSU BOX 7207 RALEIGH NC 27695 560653350 SUPPORTS THE COLLEGE OF NATURAL RESOURCES AT NCSU NC 501(C)(3) LINE 5 N/A 0 NC STATE UNIVERSITY PARTNERSHIP CORPORATION NCSU BOX 7207 RALEIGH NC 27695 561444287 SUPPORT ORGANIZATION OF NC STATE UNIVERSITY NC 501(C)(3) LINE 12C, III-FI N/A 0 NC STATE UNIVERSITY STUDENT AID ASSOCIATION PO BOX 37100 RALEIGH NC 27627 560650623 SUPPORTS ATHLETIC PROGRAM AT NCSU NC 501(C)(3) LINE 5 N/A 0 NORTH CAROLINA TEXTILE FOUNDATION INC NCSU BOX 8301 RALEIGH NC 27695 566045324 AIDS EDUCATION AND RESEARCH IN THE COLLEGE OF TEXTILES OF NCSU NC 501(C)(3) LINE 5 N/A 0 CHARITABLE REMAINDER TRUSTS (1) ASSET INVESTMENT NC NORTH CAROLINA VETERINARY MEDICAL FOUNDATION INC T 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 1 1 0 0