2023-12-20T12:03:05-06:00 2023-06-30 561031342 WILLIAMS OVERMAN PIERCE LLP 328 E MARKET STREET SUITE 100 GREENSBORO NC 27401 990 2022-07-01 566045324 NORTH CAROLINA TEXTILE FOUNDATION INC NORT 9195137149 NCSU BOX 7207 RALEIGH NC 27695 ERIN DELEHANTY ASSISTANT TREASURER 9195153878 2023-12-11 1 ERIN DELEHANTY 999009999 0 MARYELLEN PRANCE CPA P01662078 3362751686 2023-12-11 X 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ERIN DELEHANTY NCSU BOX 7207 RALEIGH NC 27695 60057067 0 X SEE SCHEDULE O X 1942 NC TO ADVANCE WILSON COLLEGE OF TEXTILES THROUGH ENGAGEMENT, PARTNERSHIP AND PHILANTHROPY. 18 17 0 17 0 0 3009247 2407459 7516 9083 2087222 4121861 0 0 5103985 6538403 1434427 1453392 0 0 719567 864801 0 0 610668 1535411 2401188 3689405 4719381 1414580 1819022 84834428 84202750 463146 463490 84371282 83739260 X THE MISSION OF THE FOUNDATION IS TO ADVANCE WILSON COLLEGE OF TEXTILES THROUGH ENGAGEMENT, PARTNERSHIP AND PHILANTHROPY. AS A CHARITABLE ORGANIZATION, THE FOUNDATION SUPPORTS THE COLLEGE AND DEAN OF THE COLLEGE AND SUCH SUPPORT SHALL INCLUDE BUT IS NOT LIMITED TO PROVIDING FUNDS FOR SCHOLARSHIPS TO DESERVING UNDERGRADUATE AND GRADUATE STUDENTS; RECRUITMENT AND RETENTION OF HIGHLY QUALIFIED STUDENTS, EDUCATORS AND RESEARCHERS; AND PLACEMENT OF GRADUATES. THE FOUNDATION ALSO ASSISTS IN THE ACQUISITION AND MAINTENANCE OF STATE-OF-THE-ART EQUIPMENT AND FACILITIES FOR RESEARCH AND EDUCATION. 0 0 2230391 280447 THE FOUNDATION SUPPORTS THE COLLEGE OF TEXTILES AT NORTH CAROLINA STATE UNIVERSITY THROUGH GRANTS FOR FACILITIES, FACULTY, FELLOWSHIPS, SCHOLARSHIPS AND EQUIPMENT. 1172945 1172945 9083 THE FOUNDATION AWARDS SCHOLARSHIPS TO DESERVING GRADUATE AND UNDERGRADUATE STUDENTS OF THE COLLEGE OF TEXTILES AT NORTH CAROLINA STATE UNIVERSITY BASED ON MERIT. 3403336 1 1 0 0 0 0 0 0 0 1 1 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 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 18 17 0 0 1 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 RICK ELMORE BOARD OF DIRECTOR 1.00 X 0 0 0 MATTHEW GRIFFITH BOARD OF DIRECTOR 1.00 X 0 0 0 CHARLES HEILIG III BOARD OF DIRECTOR 1.00 X 0 0 0 DAVID HINKS BOARD OF DIRECTOR 1.00 40.00 X 0 275788 44480 WESLEY HORNE BOARD OF DIRECTOR 1.00 X 0 0 0 ELAINE HUGHES BOARD OF DIRECTOR 1.00 X 0 0 0 AMY ISENHOUR BOARD OF DIRECTOR 1.00 X 0 0 0 JOHNNY CHAPMAN JR BOARD OF DIRECTOR 1.00 X 0 0 0 CHARLES FLYNT JR BOARD OF DIRECTOR 1.00 X 0 0 0 MINDY OAKLEY BOARD OF DIRECTOR 1.00 X 0 0 0 LEIB OEHMIG BOARD OF DIRECTOR 1.00 X 0 0 0 ROBIN PERKINS BOARD OF DIRECTOR 1.00 X 0 0 0 PRASHANT PRABHU BOARD OF DIRECTOR 1.00 X 0 0 0 GEORGE RAGSDALE BOARD OF DIRECTOR 1.00 X 0 0 0 BRENDAN SULLIVAN PRESIDENT 1.00 X X 0 0 0 NANCY WEBSTER VICE PRESIDENT 1.00 X X 0 0 0 ELIZABETH CALABRESE SECRETARY 1.00 X X 0 0 0 KENNETH HUGGINS TREASURER 1.00 X X 0 0 0 ERIN DELEHANTY ASSISTANT TREASURER 1.00 40.00 X 0 178758 51157 DANA HARRIS ASSISTANT TREASURER 1.00 X 0 0 0 MARY PELOQUIN-DODD FORMER ASSISTANT TREASURER 1.00 40.00 X 0 290924 44428 0 745470 140065 0 1 1 0 0 2407459 10485 2407459 SCHOLARSHIP & ENRICHMENT REPAYMEN 900099 9083 9083 9083 515035 515035 57125490 53518664 3606826 3606826 3606826 6538403 9083 0 4121861 1453392 1453392 864801 465588 399213 50 50 90500 90500 67444 67444 26411 22611 3800 81179 71900 8522 757 3309 3309 168804 116357 52447 80643 20041 60602 2021 2021 83878 73060 10736 82 SERVICES & FEES 1119632 1029495 25214 64923 EDUCATIONAL EQUIPMENT 373470 338236 33198 2036 SUPPLIES 133532 118423 919 14190 EQUIPMENT RENTAL & MAIN 109361 109094 267 60954 45397 3206 12351 4719381 3403336 705377 610668 4375711 10000082 6199726 2221888 32905 29631 5295 3274 57622225 3766409 16479677 68069539 151794 141558 84834428 84202750 5000 0 458146 463490 463146 463490 X 5252292 4905340 79118990 78833920 84371282 83739260 84834428 84202750 X 1819022 -2416015 -35029 X X 0 1 X 1 0 X 1731643 2873646 2100983 3009247 2407459 12122978 1731643 2873646 2100983 3009247 2407459 12122978 2446543 9676435 460241 509669 506495 625541 515036 2616982 14739960 138418 0.65650 0.64730 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 77024896 295806 1582272 8335490 70567484 85522562 642028 -5352699 3786995 77024896 65386433 5602025 17784075 3249971 85522562 61686113 3723964 2401747 2425391 65386433 46672253 12361475 5010092 2357707 61686113 0.06025 0.70608 0.23368 0 0 32905 29631 3274 3274 BBH PRIVATE MARKET FUNDS 12209587 F LIFE INCOME FUNDS 362580 F NC STATE INVESTMENT FUND, INC. LT INVESTMENT POOL 55497372 F 68069539 DUE TO ASSOCIATED ENTITIES 46534 LIFE INCOME FUNDS PAYABLE 416956 463490 X 4230915 -2416015 211000 -35029 -2240044 6470959 67444 67444 6538403 4862937 211000 211000 4651937 67444 67444 4719381 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF APPROXIMATELY 120 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 ACCOMPANYING 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: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -35,029. 1 NC STATE UNIVERSITY COLLEGE OF TEXTILES 1000 MAIN CAMPUS DRIVE RALEIGH NC 27695 566000756 501(C)(3) 1453392 0 TO PROVIDE FOR STUDENT SCHOLARSHIPS, FUND RESEARCH AND PROFESSORSHIPS AND ASSIST WITH CAPITAL PURCHASES 1 PART I, LINE 2: THE FOUNDATION DETERMINES THE AMOUNT OF THE GRANT TO THE COLLEGE BASED ON THE FAIR MARKET VALUE OF ENDOWMENT FUNDS AND MONITORS THE DISBURSEMENT OF THE GRANT THROUGH MONTHLY REPORTS RECEIVED FROM THE COLLEGE. X 0 0 0 0 0 0 0 0 0 MARY PELOQUIN-DODD FORMER ASSISTANT TREASURER 0 290924 0 0 0 0 0 38597 0 5831 0 335352 0 0 DAVID HINKS BOARD OF DIRECTOR 0 275788 0 0 0 0 0 36769 0 7711 0 320268 0 0 ERIN DELEHANTY ASSISTANT TREASURER 0 178758 0 0 0 0 0 43446 0 7711 0 229915 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 THE NORTH CAROLINA TEXTILE FOUNDATION, INC. FORM 990, PART VI, SECTION A, LINE 4 BYLAWS WERE AMENDED AS OF OCTOBER 2022 AS FOLLOWS: ARTICLE II SECTION 2: THE BOARD OF DIRECTORS, HEREINAFTER REFERRED TO AS THE BOARD, SHALL BE COMPRISED OF NOT LESS THAN THIRTEEN (13) AND NOT MORE THAN TWENTY-ONE (21) VOTING MEMBERS CONSISTING OF ELECTED DIRECTORS AND EX-OFFICIO DIRECTORS AS FOLLOWS: ... ARTICLE II SECTION 3: EACH ELECTED DIRECTOR, IN CONSULTATION WITH THE MEMBERSHIP & EDUCATION COMMITTEE IN THE FINAL YEAR OF EACH FOUR (4) YEAR TERM, SHALL HAVE THE FOLLOWING OPTIONS FOR MANAGING THEIR TWELVE (12) YEARS OF SERVICE: 1. SERVE THREE (3) FOUR (4) YEAR TERMS CONSECUTIVELY OVER TWELVE (12) YEARS... 2. SERVE TWO (2) FOUR (4) YEAR TERMS CONSECUTIVELY OVER EIGHT (8) YEARS AND COMPLETE THE FINAL ONE (1) FOUR (4) YEAR TERM AT A LATER DATE, TO BE DETERMINED BY THE ELECTED DIRECTOR AND THE M & E COMMITTEE... 3. SERVE ONE (1) FOUR (4) YEAR TERM AND COMPLETE THE FINAL TWO (2) FOUR (4) YEAR TERMS AT A LATER DATE, TO BE DETERMINED BY THE ELECTED DIRECTOR AND THE M & E COMMITTEE... FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PROVIDED TO THE BOARD MEMBERS TO REVIEW AND APPROVE PRIOR TO THE FILING DEADLINE. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO REVIEW AND SIGN THE CONFLICT OF INTEREST POLICY AT EACH BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE DIRECTOR AND OTHER EMPLOYEES ARE PAID BY A RELATED ORGANIZATION (COLLEGE OF TEXTILES, NC STATE UNIVERSITY). THE COLLEGE DETERMINES THE COMPENSATION OF THE EMPLOYEES BASED ON STATE PAY GRADES AND BUDGETARY CONSIDERATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ONLINE OR UPON WRITTEN REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -35,029. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. PAGE 1, QUESTION J - WEBSITE HTTPS://AEOPERATIONS.OFA.NCSU.EDU/NORTH-CAROLINA-TEXTILE-FOUNDATION-INC/ NORTH CAROLINA STATE UNIVERSITY NCSU BOX 7207 RALEIGH NC 27695 566000756 SCHOLARSHIP AND OTHER SUPPORT FOR THE COLLEGE OF TEXTILES NC 170(C)(1) N/A 0 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 INVEST FUNDS OF NC STATE UNIVERSITY ENDOWNMENT AND RELATED FOUNDATIONS NC 501(C)(3) LINE 12C, III-FI N/A 0 THE NORTH CAROLINA AGRICULTURAL FOUNDATION NCSU BOX 7207 RALEIGH NC 27695 566049304 SUPPORTS THE COLLEGE OF AGRICULTURE AND LIFE SCIENCES AT NCSU NC 501(C)(3) LINE 5 N/A 0 NC STATE UNVERSITY ALUMNI ASSOCIATION NCSU BOX 7207 RALEIGH NC 27695 566035544 PROMOTES ALUMNI AFFAIRS & AWARENESS OF NCSU IN THE COMMUNITY NC 501(C)(3) LINE 5 N/A 0 NC STATE ENGINEERING FOUNDATION NCSU BOX 7207 RALEIGH NC 27695 566046987 SUPPORT THE COLLEGE OF ENGINEERING AT NCSU NC 501(C)(3) LINE 5 N/A 0 NC STATE UNVERSITY COLLEGE OF SCIENCES FOUNDATION INC NCSU BOX 7207 RALEIGH NC 27695 581524289 SUPPORT THE COLLEGE OF SCIENCES AT NCSU NC 501(C)(3) LINE 5 N/A 0 NORTH CAROLINA VETERINARY MEDICAL FOUNDATION NCSU BOX 7207 RALEIGH NC 27695 581344473 PROVIDES FINANCIAL SUPPORT IN THE FIELD OF VETERINARY MEDICINE AT NCSU NC 501(C)(3) LINE 5 N/A 0 NORTH CAROLINA NATURAL RESOURCES FOUNDATION INC NCSU BOX 7207 RALEIGH NC 27695 560653350 SUPPORT ORGANIZATION OF NCSU NC 501(C)(3) LINE 5 N/A 0 NC STATE UNVERSITY PARTNERSHIP CORPORATION NCSU BOX 7207 RALEIGH NC 27695 561444287 SUPPORT ORGANIZATION OF NCSU NC 501(C)(3) LINE 12C, III-FI N/A 0 NC STATE UNVERSITY STUDENT AID ASSOCIATION NCSU BOX 37100 RALEIGH NC 27627 560650623 SUPPORTS ATHLETIC PROGRAMS AT NCSU NC 501(C)(3) LINE 5 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 NC STATE UNIVERSITY B 1453392 AGENCY AGREEMENT