2024-05-13T16:03:54-05:00 2023-06-30 561304727 BLACKMAN & SLOOP CPAS PA 1414 RALEIGH RD SUITE 300 CHAPEL HILL NC 27517 990 2022-07-01 237410301 NORTH CAROLINA CENTRAL UNIVERSITY FOUNDATION INC NORT 9195307639 POST OFFICE BOX 52466 DURHAM NC 277172466 ERNEST JENKINS EXECUTIVE DIRECTOR 9195307639 2024-05-13 1 ERNEST JENKINS 999009999 0 ANDREA WOODELL EASON P00361629 9199428700 2024-05-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z FRANKIE PERRY POST OFFICE BOX 52466 DURHAM NC 277172466 22558909 0 X WWW.NCCU.EDU/IA/FOUNDATION.CFM X 1972 NC TO FOSTER AND PROMOTE THE GROWTH OF HIGHER EDUCATION IN NORTH CAROLINA AT NCCU. 20 19 4 20 0 0 11339235 17585636 0 0 2340725 711989 801428 1792647 14481388 20090272 4762690 12224338 0 0 567794 699142 0 0 0 618655 756650 5949139 13680130 8532249 6410142 41061034 49204677 214426 295130 40846608 48909547 TO FOSTER AND PROMOTE THE GROWTH OF HIGHER EDUCATION IN NORTH CAROLINA AND SPECIFICALLY NORTH CAROLINA CENTRAL UNIVERSITY. 0 0 12224338 12224338 ADMINISTER SCHOLARSHIP FUNDS AND PROVIDE SUPPORT TO ALL DEPARTMENTS OF NORTH CAROLINA CENTRAL UNIVERSITY. 12224338 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 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 0 0 0 0 1 0 0 1 4 1 0 0 0 0 0 1 1 0 0 0 1 0 0 0 X 20 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY X ERNEST JENKINS 9195307639 PO BOX 52466 DURHAM NC 27717 PAULA HUBBARD DIRECTOR 1.00 X 0 0 0 D CARR THOMPSON DIRECTOR 2.00 X 0 0 0 CORNELIUS L BEST DIRECTOR 1.00 X 0 0 0 JAMES SPEED DIRECTOR 4.00 X 0 0 0 GEOFFREY HUDSON DIRECTOR 3.00 X 0 0 0 CHARLES TRAVIS III DIRECTOR 1.00 X 0 0 0 HARRY STAFFORD DIRECTOR 3.00 X 0 0 0 GARLAND R AVENT DIRECTOR 4.00 X 0 0 0 KAMARIA BROWN DIRECTOR 1.00 X 0 0 0 MONICA PERRY DIRECTOR 1.00 X 0 0 0 CHRISTOPHER BOOZER DIRECTOR 1.00 X 0 0 0 JOHNSON AKINLEYE EX-OFFICIO 1.00 X 0 0 0 SUSAN HESTER INSTITUTIONAL ADVANCEM EX-OFFICIO 2.00 X 0 0 0 TOMEIKA A BOWDEN EX-OFFICIO 1.00 X 0 0 0 FRANKIE J PERRY PRESIDENT 11.00 X X 0 0 0 ERNEST JENKINS VICE PRESIDENT/EXECUTIVE DIRECTOR 40.00 X X 278950 0 12558 JAMES D WILLIAMS TREASURER 2.00 X X 0 0 0 FLOYD BENJAMIN UNTIL 62023 DIRECTOR 1.00 X 0 0 0 ANTOINETTE DR BURWELL FROM 922 DIRECTOR 1.00 X 0 0 0 CALVIN J CROSSLIN FROM 922 DIRECTOR 1.00 X 0 0 0 HERBERT RIVERA-SANCHEZ FROM 922 DIRECTOR 1.00 X 0 0 0 278950 0 12558 1 0 1 0 0 17585636 5914445 17585636 1060475 1060475 2120151 2468637 -348486 -348486 -348486 OTHER INCOME 900099 1792647 1792647 1792647 20090272 1444161 0 1060475 12224338 12224338 331427 331427 290654 290654 7521 7521 32357 32357 37183 37183 122782 122782 95751 95751 35947 35947 15632 15632 83390 83390 49770 49770 4649 4649 4287 4287 ENTERTAINMENT 186219 186219 PROGRAM SUPPORT 72722 72722 EQUIPMENT AND RENTALS 20922 20922 MISCELLANEOUS 14537 14537 50042 50042 13680130 12224338 1455792 0 13515287 4021733 5600352 6597515 2159 123194 8213 3317 269896 22110 146779 247786 17244807 33955031 2049349 1759707 2494088 2496394 41061034 49204677 50031 100616 164395 194514 214426 295130 X 2412383 2320406 38434225 46589141 40846608 48909547 41061034 49204677 X 6410142 1780567 -127770 X X 0 1 X 1 0 X 6596863 3669260 14231655 11339235 17604295 53441308 6596863 3669260 14231655 11339235 17604295 53441308 12845889 40595419 535178 567652 575337 526448 1041816 3246431 524239 331364 431597 801428 1792647 3881275 60569014 0.67020 0.68870 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER MISCELLANEOUS NON-GIFT INCOME - 2018 AMOUNT: $ 524,239. 2019 AMOUNT: $ 331,364. 2020 AMOUNT: $ 431,597. 2021 AMOUNT: $ 801,428. 2022 AMOUNT: $ 1,792,647. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18542867 3087972 1856427 847675 366536 22273055 21367927 1987966 -3817827 590945 404254 18542867 16799758 1358344 4184632 649459 325348 21367927 16845022 678413 246230 635394 334513 16799758 15851967 686766 926661 310372 310000 16845022 0.00812 0.96754 0.02434 0 0 142045 142045 127851 22110 105741 247786 BENEFICIAL INTEREST IN PERPETUAL TRUST 1850408 CASH SURRENDER VALUE OF LIFE INSURANCE 451472 FUNDS HELD ON BEHALF OF OTHERS 194514 2496394 FUNDS HELD ON BEHALF OF OTHERS 194514 194514 21749557 1780567 1500 1782067 19967490 122782 122782 20090272 13686618 1500 127770 129270 13557348 122782 122782 13680130 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT FUNDS CONSIST OF APPROXIMATELY 265 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES--GENERALLY SCHOLARSHIP RELATED. PART XII, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT EXPENSE 127,770. 1 NORTH CAROLINA CENTRAL UNIVERSITY 1801 FAYETTEVILLE STREET DURHAM NC 27707 566000730 501(C)(3) 6917913 5306425 FMV FOOD; ATHLETIC, RESEARCH, AND IT EQUIPMENT; FURNITURE; CLOTHING UNIVERSITY SUPPORT 1 PART I, LINE 2: OFFICERS AT THE FOUNDATION AND THE RELATED UNIVERSITY ARE IN CHARGE OF APPROVING AND MAINTAINING SUPPORTING DOCUMENTATION OF GRANT REQUESTS AND DISBURSEMENTS. X 1 1 0 0 0 0 0 0 0 0 0 ERNEST JENKINS VICE PRESIDENT/EXECUTIVE DIRECTOR 251200 0 27750 0 0 0 6783 0 5775 0 291508 0 0 0 PART I, LINE 1A THE CHANCELLOR'S RESIDENCE IS OWNED AND MAINTAINED BY THE UNIVERSITY. PART I, LINE 3 THE COMPENSATION PACKAGES FOR CHANCELLORS WITHIN THE UNC SYSTEM ARE NEGOTIATED WITH THE CHOSEN CANDIDATE AND THE PRESIDENT OF UNC GA. THE PRESIDENT FORWARDS A RECOMMENDED SALARY TO THE UNC BOARD OF GOVERNORS FOR APPROVAL AND ACCEPTANCE. X 57122 ESTIMATED VALUE X 9 626679 FAIR VALUE X EQUIPMENT 1 5230644 FAIR VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE BOARD IS PROVIDED A COMPLETE COPY OF THE 990 FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS FILL OUT AND SIGN A COMPLIANCE FORM ANNUALLY. ANY CONFLICT OF INTEREST IS TO BE LISTED ON THIS FORM. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE DIRECTOR'S COMPENSATION IS DETERMINED BY THE FINANCE COMMITTEE, BY AUTHORITY OF THE NCCU FOUNDATION BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: BAD DEBT EXPENSE -127,770. PART XII, LINE 2C THE AUDIT/FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT. THIS HAS NOT CHANGED FROM THE PRIOR YEAR.