2024-11-06T13:59:00-06:00 2024-06-30 561031342 WILLIAMS OVERMAN PIERCE LLP 2501 ATRIUM DRIVE SUITE 500 RALEIGH NC 27607 990 2023-07-01 566049304 THE NORTH CAROLINA AGRICULTURAL FOUNDATION INC NORT 9195137149 NCSU BOX 7207 RALEIGH NC 276957207 ERIN DELEHANTY ASSISTANT TREASURER 9195137149 2024-11-06 1 1 MARYELLEN PRANCE CPA P01662078 9197823444 2024-11-06 X 2023 2024-10-15 13:58:12Z ERIN DELEHANTY NCSU BOX 7207 RALEIGH NC 276957207 40193372 0 X SEE SCHEDULE O X 1944 NC TO AID AND PROMOTE BY FINANCIAL ASSITANCE AND OTHERWISE ALL TYPES OF EDUCATION, RESEARCH, AND OTHER EXTENSION WITHIN THE COLLEGE OF AGRICULTURE AND LIFE SCIENCES AT NC STATE UNIVERSITY. 195 187 0 200 0 0 13914993 18766040 2044336 1442339 4320938 5564114 499804 377772 20780071 26150265 8261466 8484511 0 0 380078 530016 0 0 646751 10131499 14513569 18773043 23528096 2007028 2622169 251123547 278488848 7259224 16904114 243864323 261584734 TO AID AND PROMOTE BY FINANCIAL ASSISTANCE AND OTHERWISE ALL TYPES OF EDUCATION, RESEARCH, AND OTHER EXTENSION WITHIN THE COLLEGE OF AGRICULTURE AND LIFE SCIENCES AT NC STATE UNIVERSITY. 0 0 22764345 8484511 1442339 AIDS AND PROMOTES BY FINANCIAL ASSISTANCE AND OTHERWISE ALL TYPES OF EDUCATION, RESEARCH, AND OTHER EXTENSION WITHIN THE COLLEGE OF AGRICULTURE AND LIFE SCIENCES AT NC STATE UNIVERSITY. 22764345 1 1 0 0 0 0 1 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 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 195 187 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 ALAN AYERS EXECUTIVE COMMITTEE 1.00 X X 0 0 0 ALEX WATKINS DIRECTOR 1.00 X 0 0 0 AMY DALRYMPLE DIRECTOR 1.00 X 0 0 0 ANDREW BURLESON DIRECTOR 1.00 X 0 0 0 ANDREW EURE JR DIRECTOR 1.00 X 0 0 0 ANDY CURLISS DIRECTOR 1.00 X 0 0 0 ANTOINE MOORE DIRECTOR 1.00 X 0 0 0 ARCHIE GRIFFIN DIRECTOR 1.00 X 0 0 0 ASHLEY COLLINS EXECUTIVE COMMITTEE 1.00 X X 0 0 0 AYDEN LEE JR DIRECTOR 1.00 X 0 0 0 BETH FARRELL DIRECTOR 1.00 X 0 0 0 BLAIR ROBERTSON DIRECTOR 1.00 X 0 0 0 BOB CREWS DIRECTOR 1.00 X 0 0 0 BOB FORD DIRECTOR 1.00 X 0 0 0 BRAD HARGETT DIRECTOR 1.00 X 0 0 0 BRANDON YOUNG DIRECTOR 1.00 X 0 0 0 BRIAN WARREN EXECUTIVE COMMITTEE 1.00 X X 0 0 0 BRITTANY WHITMIRE DIRECTOR 1.00 40.00 X 0 92608 30546 BRYAN BLINSON SECRETARY 1.00 X X 0 0 0 BRYAN COOK DIRECTOR 1.00 X 0 0 0 BUDDY GAITHER JR DIRECTOR 1.00 X 0 0 0 BUNDY LANE DIRECTOR 1.00 X 0 0 0 CAMERON EAKER DIRECTOR 1.00 X 0 0 0 CARL HOLLIFIELD DIRECTOR 1.00 40.00 X 0 102798 32567 CATHY HORTON DIRECTOR 1.00 X 0 0 0 CHAD BENTON EXECUTIVE COMMITTEE 1.00 X X 0 0 0 CHAD DOCSH DIRECTOR 1.00 X 0 0 0 CHARLES GLASS DIRECTOR 1.00 X 0 0 0 CHARLES HALL DIRECTOR 1.00 X 0 0 0 CHARLES KING DIRECTOR 1.00 X 0 0 0 CHARLIE WILKINSON DIRECTOR 1.00 X 0 0 0 CHARLOTTE VICK EXECUTIVE COMMITTEE 1.00 X X 0 0 0 CHRIS SMITH DIRECTOR 1.00 X 0 0 0 CHRISTIAN OVERTON DIRECTOR 1.00 X 0 0 0 CLAY HINNANT DIRECTOR 1.00 X 0 0 0 CLAY STRICKLAND DIRECTOR 1.00 X 0 0 0 COLTIN CARAWAY DIRECTOR 1.00 X 0 0 0 CONNIE SMITH DIRECTOR 1.00 X 0 0 0 CRAIG WEST DIRECTOR 1.00 X 0 0 0 CURT HONEYCUTT DIRECTOR 1.00 X 0 0 0 DAN WARREN DIRECTOR 1.00 X 0 0 0 DAVID ANDERSON DIRECTOR 1.00 X 0 0 0 DAVID CORRELL DIRECTOR 1.00 X 0 0 0 DAVID CORUM DIRECTOR 1.00 X 0 0 0 DAVID DAVENPORT DIRECTOR 1.00 X 0 0 0 DAVID HARTMAN EXECUTIVE COMMITTEE 1.00 X X 0 0 0 DAVID HEATH DIRECTOR 1.00 X 0 0 0 DAVID HOGAN DIRECTOR 1.00 X 0 0 0 DAVID PEELE DIRECTOR 1.00 X 0 0 0 DAVID RIVES DIRECTOR 1.00 X 0 0 0 DEBBIE WORLEY ASST. SECRETARY 1.00 X X 0 0 0 DEBORAH JOHNSON DIRECTOR 1.00 X 0 0 0 DOUG HOLLAND DIRECTOR 1.00 X 0 0 0 EB HARRIS DIRECTOR 1.00 X 0 0 0 EDDIE HESTER DIRECTOR 1.00 X 0 0 0 EDDIE JENNINGS DIRECTOR 1.00 X 0 0 0 EMMA WICKER DIRECTOR 1.00 X 0 0 0 ERICA PETERSON DIRECTOR 1.00 X 0 0 0 EUGENE BERRYHILL JR DIRECTOR 1.00 X 0 0 0 FRANK GRAINGER DIRECTOR 1.00 X 0 0 0 FRANKIE BEAMAN DIRECTOR 1.00 X 0 0 0 GAIL HUGHES DIRECTOR 1.00 X 0 0 0 GARY CARTWRIGHT DIRECTOR 1.00 X 0 0 0 GARY SIKES DIRECTOR 1.00 X 0 0 0 GENE WEST DIRECTOR 1.00 X 0 0 0 GEORGE SIMPSON DIRECTOR 1.00 X 0 0 0 GEORGIA LOVE DIRECTOR 1.00 X 0 0 0 GRAHAM BOYD DIRECTOR 1.00 X 0 0 0 HARVEY ROBERTS DIRECTOR 1.00 X 0 0 0 HENRY COOK DIRECTOR 1.00 X 0 0 0 HENRY RAMSEUR DIRECTOR 1.00 X 0 0 0 JACOB PARKER DIRECTOR 1.00 X 0 0 0 JANE GARDNER DIRECTOR 1.00 X 0 0 0 JASON BROWN DIRECTOR 1.00 X 0 0 0 JASON FARMER DIRECTOR 1.00 X 0 0 0 JASON WRIGHT DIRECTOR 1.00 X 0 0 0 JAY DARDEN IV DIRECTOR 1.00 X 0 0 0 JEFF CHANDLER EXECUTIVE COMMITTEE 1.00 X X 0 0 0 JEFF SMITH DIRECTOR 1.00 X 0 0 0 JEFF WILSON DIRECTOR 1.00 X 0 0 0 JENNIFER DANIELS DIRECTOR 1.00 X 0 0 0 JENNIFER STAMEY DIRECTOR 1.00 X 0 0 0 JEREMY BALLARD DIRECTOR 1.00 X 0 0 0 JEREMY MARTIN DIRECTOR 1.00 40.00 X 0 71035 25085 JERRY HARDESTY DIRECTOR 1.00 X 0 0 0 JIM HOWIE DIRECTOR 1.00 X 0 0 0 JIM HUNT DIRECTOR 1.00 X 0 0 0 JIMMY GENTRY DIRECTOR 1.00 X 0 0 0 JIMMY POLLOCK DIRECTOR 1.00 X 0 0 0 JOHN CLAPP DIRECTOR 1.00 X 0 0 0 JOHN SEMMES DIRECTOR 1.00 X 0 0 0 JOHNNY BARNES CHAIR; EXECUTIVE COMMITTEE 1.00 X X 0 0 0 JONATHAN RENN DIRECTOR 1.00 X 0 0 0 JOSEPH DUPREE JR DIRECTOR 1.00 X 0 0 0 JULIUS TILLERY DIRECTOR 1.00 X 0 0 0 JUSTIN DALTON DIRECTOR 1.00 X 0 0 0 KARL GILLESPIE DIRECTOR 1.00 X 0 0 0 KATE BURGER DIRECTOR 1.00 X 0 0 0 KEATON VANDEMARK DIRECTOR 1.00 X 0 0 0 KELLY ARCHAMBAULT DIRECTOR 1.00 X 0 0 0 KELLY POWELL-MCIVER PAST CHAIR 1.00 X X 0 0 0 KENNETH WRIGHT DIRECTOR 1.00 X 0 0 0 KIM LEQUIRE EXECUTIVE COMMITTEE 1.00 X X 0 0 0 KP SANDEEP DIRECTOR 1.00 40.00 X 0 195987 34473 LAKEAN BYRD DIRECTOR 1.00 X 0 0 0 LARRY SYKES DIRECTOR 1.00 X 0 0 0 LARRY WOOTEN EXECUTIVE COMMITTEE 1.00 X X 0 0 0 LEANNE BROOKS DIRECTOR 1.00 X 0 0 0 LINDA HARRIS DIRECTOR 1.00 X 0 0 0 LISA PRINCE DIRECTOR 1.00 X 0 0 0 LUKE BLIZZARD DIRECTOR 1.00 X 0 0 0 LUKE MATHIS DIRECTOR 1.00 X 0 0 0 MALARIE THOMPSON DIRECTOR 1.00 X 0 0 0 MALCOLM GIBBS DIRECTOR 1.00 X 0 0 0 MANDY HASTY DIRECTOR 1.00 X 0 0 0 MARGARET HAMM DIRECTOR 1.00 X 0 0 0 MARK POWELL DIRECTOR 1.00 X 0 0 0 MARK WELLONS EXECUTIVE COMMITTEE 1.00 X X 0 0 0 MARLO SPRUILL DIRECTOR 1.00 X 0 0 0 MARTIN MCLEOD DIRECTOR 1.00 X 0 0 0 MATTHEW GRISSOM DIRECTOR 1.00 X 0 0 0 MATTHEW INMAN DIRECTOR 1.00 X 0 0 0 MICHAEL HARE DIRECTOR 1.00 X 0 0 0 MICHAEL SHAW DIRECTOR 1.00 X 0 0 0 MICHAEL SHERRILL DIRECTOR 1.00 X 0 0 0 MICHAEL SHIFLETT DIRECTOR 1.00 X 0 0 0 MICHELLE GRAINGER DIRECTOR 1.00 X 0 0 0 MIKE FULBRIGHT DIRECTOR 1.00 X 0 0 0 MILO LEWIS DIRECTOR 1.00 X 0 0 0 MILTON VAUGHAN DIRECTOR 1.00 X 0 0 0 MYRON SMITH DIRECTOR 1.00 X 0 0 0 NATHAN BENNETT DIRECTOR 1.00 X 0 0 0 NELSON POWELL DIRECTOR 1.00 X 0 0 0 NICK RHODES DIRECTOR 1.00 X 0 0 0 NORMAN HARRELL DIRECTOR 1.00 40.00 X 0 89621 29764 NORMAN JORDAN JR DIRECTOR 1.00 X 0 0 0 NORMAN MILLER JR DIRECTOR 1.00 X 0 0 0 OWEN WAGNER DIRECTOR 1.00 X 0 0 0 PARKER PHILIPS DIRECTOR 1.00 X 0 0 0 PAUL SHERMAN EXECUTIVE COMMITTEE 1.00 X X 0 0 0 PAUL TALLEY EXECUTIVE COMMITTEE 1.00 X X 0 0 0 PAULA WOODALL ASST. TREASURER 1.00 X X 0 0 0 PETER DANIEL EXECUTIVE COMMITTEE 1.00 X X 0 0 0 QUINN HOWARD DIRECTOR 1.00 X 0 0 0 RAY BEST DIRECTOR 1.00 X 0 0 0 REID SMITH DIRECTOR 1.00 X 0 0 0 RICHARD RENEGAR EXECUTIVE COMMITTEE 1.00 X X 0 0 0 RICK COOR DIRECTOR 1.00 X 0 0 0 ROB GLOVER DIRECTOR 1.00 X 0 0 0 ROBERT FLEMING JR DIRECTOR 1.00 X 0 0 0 ROBERT HOSFORD DIRECTOR 1.00 X 0 0 0 ROBERT MYERS DIRECTOR 1.00 X 0 0 0 ROBERT PAXTON DIRECTOR 1.00 X 0 0 0 ROBIN NICHOLSON DIRECTOR 1.00 X 0 0 0 RODOLPHE BARRANGOU DIRECTOR 1.00 40.00 X 0 274492 45431 RONNIE TRANTHAM DIRECTOR 1.00 X 0 0 0 ROY GORENA DIRECTOR 1.00 X 0 0 0 ROY LINDSEY DIRECTOR 1.00 X 0 0 0 SAM BRAKE JR DIRECTOR 1.00 X 0 0 0 SAM GROCE DIRECTOR 1.00 X 0 0 0 SAMUEL DAVIS EXECUTIVE COMMITTEE 1.00 X X 0 0 0 SARA COATS DIRECTOR 1.00 X 0 0 0 SARA HOUGH DIRECTOR 1.00 X 0 0 0 SCOTT GUPTON DIRECTOR 1.00 X 0 0 0 SCOTT PRESTAGE DIRECTOR 1.00 X 0 0 0 SCOTT WHITFORD DIRECTOR 1.00 X 0 0 0 SHANE MITCHELL DIRECTOR 1.00 X 0 0 0 SHARON ROGERS DIRECTOR 1.00 X 0 0 0 SHAWN HARDING DIRECTOR 1.00 X 0 0 0 SHERRY MCCOMAS DIRECTOR 1.00 X 0 0 0 STAN BICONISH DIRECTOR 1.00 X 0 0 0 STANLEY OLIVER DIRECTOR 1.00 X 0 0 0 STEVE GRIFFIN DIRECTOR 1.00 X 0 0 0 STEVE SORRELLS DIRECTOR 1.00 X 0 0 0 STEVE TROXLER DIRECTOR 1.00 X 0 0 0 STEVE WILSON DIRECTOR 1.00 X 0 0 0 SUSAN ROLLINS DIRECTOR 1.00 X 0 0 0 TATIANNA CAREY DIRECTOR 1.00 X 0 0 0 THOMAS DARK DIRECTOR 1.00 X 0 0 0 THOMAS JOYNER VICE CHAIR 1.00 X X 0 0 0 THOMAS SHAW DIRECTOR 1.00 X 0 0 0 TIM THORNSBURY DIRECTOR 1.00 X 0 0 0 TIMOTHY COOKE DIRECTOR 1.00 X 0 0 0 TODD HODGES DIRECTOR 1.00 X 0 0 0 TODD SEE DIRECTOR 1.00 40.00 X 0 222701 38204 TOMMY BURLESON DIRECTOR 1.00 X 0 0 0 TONY BURD DIRECTOR 1.00 X 0 0 0 VICTOR HUNT DIRECTOR 1.00 X 0 0 0 WALTER SMITH DIRECTOR 1.00 X 0 0 0 WAYNE WATSON DIRECTOR 1.00 X 0 0 0 WHITNEY KING DIRECTOR 1.00 X 0 0 0 WILLIAM KNOWLES DIRECTOR 1.00 X 0 0 0 WILLIAM MCINNIS DIRECTOR 1.00 X 0 0 0 ZACHARY TAYLOR DIRECTOR 1.00 X 0 0 0 ZANE HEDGECOCK EXECUTIVE COMMITTEE 1.00 X X 0 0 0 DANA HARRIS TREASURER 1.00 40.00 X 0 279586 76575 ERIN DELEHANTY ASSISTANT TREASURER 1.00 40.00 X 0 188285 53735 KATHY KENNEL ASSISTANT SECRETARY 1.00 40.00 X 0 137043 26244 SONIA MURPHY PRESIDENT 1.00 40.00 X 0 217899 37327 0 1872055 429951 0 0 1 0 0 235305 685771 17844964 2509470 18766040 PROGRAM REVENUES 611710 1442339 1442339 1442339 1636650 1636650 115510 115510 17643080 2144 13706104 11656 3936976 -9512 3927464 3927464 587609 235305 325347 262262 262262 26150265 1442339 0 5941886 8484511 8484511 530016 530016 10961 1250 9711 117000 117000 178699 161853 16846 214179 213600 579 77197 76767 430 1377568 1375591 1977 368108 364752 3356 26668 26668 50286 21596 28690 CAPITAL TRANSFERS 6140900 6140900 SERVICES AND FEES 2640783 2633789 6994 SUPPLIES 1339838 1338261 1577 EQUIP RENTAL & MAINTENA 941580 941081 499 1029802 983726 46076 23528096 22764345 117000 646751 58731939 67586537 2412703 4899569 1093841 262016 33964795 199025 32049187 33765770 156815365 171952145 20512 22811 251123547 278488848 26119 12000 156955 11998659 7076150 4893455 7259224 16904114 X 4694604 7551802 239169719 254032932 243864323 261584734 251123547 278488848 X 2622169 15633972 -535730 X X 0 1 X 1 1 1 X 14314924 16727541 16609043 13914993 18766040 80332541 14314924 16727541 16609043 13914993 18766040 80332541 1905483 78427058 1550507 1182860 730227 1237208 1752160 6452962 86785503 49385550 0.90370 0.88280 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 4 428.00 1 1 40.00 178868325 5058504 17738137 6257173 195407793 178107281 3221261 2049445 4509662 178868325 163345531 16073425 2892599 4204274 178107281 125746337 2546598 39842631 4790035 163345531 124971007 2315894 1853527 3394091 125746337 0.01868 0.58656 0.39476 0 0 33614687 33614687 126762 6672 120090 223346 192353 30993 33765770 NC STATE INVESTMENT FUND 164199392 F LIFE INCOME FUNDS 7683213 F STIF 69540 F 171952145 LIFE INCOME FUNDS PAYABLE 4324830 DUE TO OTHERS 70896 AGENCY FUNDS HELD IN CUSTODY FOR OTHERS 200814 DUE TO ASSOCIATED ENTITIES 296915 4893455 X 43699485 15633972 2127000 -211752 17549220 26150265 0 26150265 25980443 2127000 325347 2452347 23528096 0 23528096 PART II, LINE 9: DONATED EASEMENTS ARE STATED AT FAIR VALUE AS OF THE DATE OF DONATION. THE ORGANIZATION HOLDS CONSERVATION EASEMENTS FOR WHICH IT MAY HAVE FUTURE COMMITMENTS FOR AN UNDETERMINABLE AMOUNT. THE PURPOSE OF THESE CONSERVATION EASEMENTS IS TO MAINTAIN WETLAND AND/OR RIPARIAN RESOURCES AND OTHER NATURAL VALUES AND PREVENT THE USE OR DEVELOPMENT FOR ANY PURPOSE OR IN ANY MANNER THAT WOULD CONFLICT WITH THE MAINTENANCE OF THE PROPERTIES IN THEIR NATURAL CONDITIONS. PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF 820 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES RELATED TO THE FOUNDATION'S 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, 2024, 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 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPLIT INTEREST CHANGE -537,099. FUNDRAISING EXPENSES NETTED WITH REVENUE 325,347. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES NETTED WITH REVENUE 325,347. MOONLIGHT IN THE GARDEN 369618 369618 33623 500 123681 RAULSTON BLOOMS 83177 83177 486 700 23694 16 370119 235305 134814 4888 32115 27110 29152 49398 822914 235305 587609 4888 32601 61433 29652 196773 325347 262262 1 NORTH CAROLINA STATE UNIVERSITY NCSU BOX 7205 RALEIGH NC 27695 566000756 170(C)(1) 8484511 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 DANA HARRIS TREASURER 0 277750 0 0 0 1836 0 69466 0 7109 0 356161 0 0 RODOLPHE BARRANGOU DIRECTOR 0 206888 0 0 0 67604 0 38322 0 7109 0 319923 0 0 TODD SEE DIRECTOR 0 222701 0 0 0 0 0 31095 0 7109 0 260905 0 0 SONIA MURPHY PRESIDENT 0 216424 0 0 0 1475 0 30218 0 7109 0 255226 0 0 ERIN DELEHANTY ASSISTANT TREASURER 0 188285 0 0 0 0 0 46626 0 7109 0 242020 0 0 KP SANDEEP DIRECTOR 0 195487 0 0 0 500 0 27364 0 7109 0 230460 0 0 KATHY KENNEL ASSISTANT SECRETARY 0 137043 0 0 0 0 0 19135 0 7109 0 163287 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 AGRICULTURAL FOUNDATION, INC. X 14 883470 FMV X 1 1626000 FMV 1 0 1 0 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE CONSISTS OF THE CHAIRMAN AND THE IMMEDIATE PAST CHAIRMAN OF THE FOUNDATION, PRESIDENT OF THE NORTH CAROLINA FARM BUREAU FEDERATION OR THE FEDERATION'S REPRESENTATIVE, AND SIXTEEN MEMBERS OF THE BOARD OF DIRECTORS (FOUR MEMBERS ELECTED TO FOUR YEAR TERMS EACH YEAR). THE PAST CHAIRMAN OF THE FOUNDATION SHALL BE NON-VOTING MEMBER OF THE EXECUTIVE COMMITTEE AND SERVE IN AN ADVISORY CAPACITY ONLY, UNLESS THE PAST CHAIRMAN IS ALSO A MEMBER OF THE BOARD IN WHICH CASE THAT INDIVIDUAL WILL BE A VOTING MEMBER OF THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL EXERCISE ALL OF THE POWERS OF THE FOUNDATION IN THE INTERIM BETWEEN MEETINGS OF THE BOARD, INCLUDING ALL OF THE POWERS THAT HAVE BEEN CONFERRED UPON IT OR UPON THE BOARD, 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 FOUNDATION'S ASSETS; (C) ELECT, APPOINT OR REMOVE DIRECTORS, FILL VACANCIES ON THE BOARD OR ANY OF ITS COMMITTEES; OR (D) ADOPT, AMEND OR REPEAL THE ARTICLES OF INCORPORATION OR BYLAWS. 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 NC AGRICULTURAL FOUNDATION WILL ESTABLISH AND MAINTAIN CONFLICT OF INTEREST AND ETHICS POLICIES PERTAINING TO ITS RELATIONSHIP WITH NC STATE, MEMBERS OF THE GOVERNING BOARD OF NC AGRICULTURAL FOUNDATION, AND PERSONS DOING BUSINESS WITH NC AGRICULTURAL FOUNDATION AND ESTABLISHING REQUIRED ETHICAL STANDARDS FOR THE MEMBERS OF THE GOVERNING BOARD OF THE NC AGRICULTURAL FOUNDATION. SUCH POLICIES SHALL PROVIDE THAT (A) ALL TRANSACTIONS (OTHER THAN EXPENSE REIMBURSEMENTS) BETWEEN NC AGRICULTURAL FOUNDATION AND AN OFFICER, DIRECTOR, OR EMPLOYEE OF NC AGRICULTURAL FOUNDATION MUST BE APPROVED BY THE BOARD OF NC AGRICULTURAL FOUNDATION; (B) NO OFFICER, DIRECTOR OR EMPLOYEE OF NC AGRICULTURAL FOUNDATION HAVING A PRIVATE BUSINESS INTEREST IN A NC AGRICULTURAL FOUNDATION BUSINESS TRANSACTION MAY BE INVOLVED IN THE DECISION WITH RESPECT TO WHETHER NC AGRICULTURAL FOUNDATION SHOULD ENTER INTO SUCH TRANSACTION; (C) NO NC AGRICULTURAL FOUNDATION SCHOLARSHIP OR FELLOWSHIP AWARD MAY BE MADE TO AN OFFICER, DIRECTOR, OR EMPLOYEE OF NC AGRICULTURAL FOUNDATION OR TO A FAMILY MEMBER OF SUCH PERSON UNLESS THE RECIPIENT OF THE AWARD IS DETERMINED BY AN INDEPENDENT AWARDS COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS AND OFFICERS OF THE NORTH CAROLINA AGRICULTURAL FOUNDATION THAT DO RECEIVE COMPENSATION ARE COMPENSATED BY NC STATE UNIVERSITY, A 170(C)(1) ORGANIZATION RELATED TO THE NORTH CAROLINA AGRICULTURAL 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: HTTPS://AEOPERATIONS.OFA.NCSU.EDU/THE-NORTH-CAROLINA-AGRICULTURAL-FOUNDATION -INC/. OTHER GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: TRANSFER TO OTHER UNIVERSITY AFFILIATES 1,369. SPLIT INTEREST CHANGE -537,099. FORM 990 PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. PAGE 1, ITEM J- WEBSITE HTTPS://AEOPERATIONS.OFA.NCSU.EDU/THE-NORTH-CAROLINA-AGRICULTURAL-FOUNDA TION-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) 170(B)(1)(A)(IV) N/A 0 NC STATE INVESTMENT FUND INC NCSU BOX 7207 RALEIGH NC 27695 311607634 INVEST FUNDS OF NC STATE UNIVERSITY ENDOWMENT AND RELATED FOUNDATIONS NC 501(C)(3) 509(A)(3) N/A 0 NORTH CAROLINA STATE UNIVERSITY NCSU BOX 7205 RALEIGH NC 27695 566000756 EDUCATION NC 170(C)(1) 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) 170(B)(1)(A)(IV) N/A 0 NC STATE UNIVERSITY ALUMNI ASSOCIATION NCSU BOX 7207 RALEIGH NC 27695 566035544 PROMOTES ALUMNI AFFAIRS & AWARENESS OF NCSU IN THE COMMUNITY NC 501(C)(3) 170(B)(1)(A)(IV) 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) 170(B)(1)(A)(IV) N/A 0 NC STATE ENGINEERING FOUNDATION NCSU BOX 7207 RALEIGH NC 27695 566046987 SUPPORTS THE COLLEGE OF ENGINEERING AT NCSU NC 501(C)(3) 170(B)(1)(A)(IV) N/A 0 NC STATE NATURAL RESOURCES FOUNDATION NCSU BOX 7207 RALEIGH NC 27695 560653350 SUPPORT ORGANIZATION OF NC STATE UNIVERSITY NC 501(C)(3) 170(B)(1)(A)(IV) 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) 509(A)(3) 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) 170(B)(1)(A)(IV) N/A 0 NORTH CAROLINA TEXTILE FOUNDATION NCSU BOX 8301 RALEIGH NC 27695 566045324 AIDS EDUCATION & RESEARCH IN THE COLLEGE OF TEXTILES OF NCSU NC 501(C)(3) 170(B)(1)(A)(IV) N/A 0 CHARITABLE REMAINDER TRUSTS (14) ASSET INVESTMENT NC N/A T 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1