2024-05-15T15:18:10-05:00 2023-06-30 561031342 WILLIAMS OVERMAN PIERCE LLP 2501 ATRIUM DRIVE SUITE 500 RALEIGH NC 27607 990 2022-07-01 561250756 NORTH CAROLINA SCHOOL OF SCIENCE AND MATHEMATICS FOUNDATION NORT 9194162866 1219 BROAD STREET DURHAM NC 27705 BARBARA COURY PRESIDENT 9194162866 2024-05-15 1 BARBARA COURY 999009999 0 MARYELLEN PRANCE CPA P01662078 9197823444 2024-05-15 X 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z BARBARA COURY 1219 BROAD STREET DURHAM NC 27705 5778021 0 X WWW.NCSSM.EDU X 1979 NC THE FOUNDATION WAS ORGANIZED TO RECEIVE, ADMINISTER, AND OBTAIN FUNDS FOR THE SUPPORT OF THE ACADEMIC AND EDUCATIONAL PROGRAMS OF THE NORTH CAROLINA SCHOOL OF SCIENCE AND MATHEMATICS. 28 28 0 140 0 0 9649859 4544459 0 0 501106 851100 0 0 10150965 5395559 966275 2570512 0 0 1453466 1919702 144892 144213 1192917 1544765 1754031 4109398 6388458 6041567 -992899 46023788 45098697 1047653 1666101 44976135 43432596 THE FOUNDATION OPERATES EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES INCLUDING, BUT NOT LIMITED TO, RECEIVING, ADMINISTERING AND OBTAINING FUNDS FOR THE SUPPORT OF THE ACADEMIC AND EDUCATIONAL PROGRAMS OF THE NORTH CAROLINA SCHOOL OF SCIENCE AND MATHEMATICS. 0 0 4393894 2570512 THE FOUNDATION WAS ORGANIZED TO RECEIVE, ADMINISTER, AND OBTAIN FUNDS FOR THE SUPPORT OF THE ACADEMIC AND EDUCATIONAL PROGRAMS OF THE NORTH CAROLINA SCHOOL OF SCIENCE AND MATHEMATICS. 4393894 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 36 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 28 28 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 X LEAH ENGLEBRIGHT 9194162870 1219 BROAD ST DURHAM NC 27705 X MURRAY ABRAMSON CHAIR 1.00 X X 0 0 0 TAYLOR BROCKMAN VICE CHAIR 1.00 X X 0 0 0 KATHERINE MANUEL TREASURER 1.00 X X 0 0 0 MAYA K AJMERA BOARD MEMBER 1.00 X 0 0 0 BRIAN BAILEY BOARD MEMBER 1.00 X 0 0 0 DAVID BENNETT BOARD MEMBER 1.00 X 0 0 0 PHIL BREITFELD BOARD MEMBER 1.00 X 0 0 0 JOE BRITT BOARD MEMBER 1.00 X 0 0 0 JANE BULLOCK EX-OFFICIO BOARD MEMBER 1.00 X 0 0 0 JOE COLOPY BOARD MEMBER 1.00 X 0 0 0 HAN FEUNG BOARD MEMBER 1.00 X 0 0 0 ZACK FOWLER BOARD MEMBER 1.00 X 0 0 0 LOUIS GORDON BOARD MEMBER 1.00 X 0 0 0 WAYNE KIMBALL BOARD MEMBER 1.00 X 0 0 0 ANASTASIA KORNEGAY BOARD MEMBER 1.00 X 0 0 0 HENRY KUO BOARD MEMBER 1.00 X 0 0 0 STANFORD LIN BOARD MEMBER 1.00 X 0 0 0 GINA LOFTEN SECRETARY 1.00 X X 0 0 0 MARY U MUSACCHIA BOARD MEMBER 1.00 X 0 0 0 SCOTT OGLE BOARD MEMBER 1.00 X 0 0 0 ROHAN PAUL BOARD MEMBER 1.00 X 0 0 0 MARGARET POWELL BOARD MEMBER 1.00 X 0 0 0 LESHAWNDRA PRICE BOARD MEMBER 1.00 X 0 0 0 TODD ROBERTS EX-OFFICIO NONVOTING BOARD 1.00 X 0 300458 78248 MICHELLE SOLER BOARD MEMBER 1.00 X 0 0 0 CHARLES F STONE III EX-OFFICIO NONVOTING BOARD 1.00 X 0 0 0 CHARLIE STONE BOARD MEMBER 1.00 X 0 0 0 JEFF TANG BOARD MEMBER 1.00 X 0 0 0 GRANT MEANS BOARD MEMBER 1.00 X 0 0 0 STEPHANIE BASS EX-OFFICIO BOARD MEMBER 1.00 X 0 0 0 BARBARA COURY PRESIDENT; ASST SECRETARY 40.00 X 0 142755 42308 LEAH ENGLEBRIGHT ASSISTANT TREASURER 15.00 35.00 X 0 135740 30926 0 578953 151482 0 0 1 0 MOSS & ROSS LLC 280 S MANGUM STREET STE 140 DURHAM NC 27701 FUNDRAISING SERVICES 122587 1 4544459 99554 4544459 350882 350882 882680 382462 500218 500218 500218 5395559 0 0 851100 2570512 2570512 351793 195439 35788 120566 1567909 871054 159504 537351 43970 43970 144213 144213 67493 67493 148016 38240 100345 9431 215821 161420 8861 45540 SUPPLIES 346060 282142 43065 20853 FOOD 339663 164186 95904 79573 OTHER SERVICES 256923 70955 185968 BAD DEBT EXPENSE 138963 138963 197122 110901 36799 49422 6388458 4393894 801647 1192917 7525559 1371189 5712998 5496029 60348 19484 60540 60540 60540 32622938 38110050 41405 41405 46023788 45098697 1047653 1666101 1047653 1666101 X 6350546 5432840 38625589 37999756 44976135 43432596 46023788 45098697 -992899 -550640 0 X X 0 1 X 1 0 X 8056202 11488183 4831357 9649859 4544459 38570060 256167 212422 174984 160373 134941 938887 8312369 11700605 5006341 9810232 4679400 39508947 13617385 25891562 75274 152970 56732 26995 350882 662853 40171800 0.64450 0.60810 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 41405 X 0 19888726 744805 -117915 875829 19639787 18319079 1548515 758848 737716 19888726 13024105 599383 5337678 642087 18319079 13573932 383705 258814 1192346 13024105 11976672 1219214 919268 541222 13573932 0.32000 0.45313 0.22686 0 0 60540 60540 60540 UNC INVESTMENT FUND 20349524 F SHORT TERM INVESTMENT FUND 17760526 F 38110050 X 4912367 -550640 134941 -415699 5328066 67493 67493 5395559 6455906 134941 134941 6320965 67493 67493 6388458 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 CONSOLIDATED FINANCIAL STATEMENTS. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. AS OF JUNE 30, 2023, THE FOUNDATION'S TAX RETURNS FOR THE TAX YEARS ENDED JUNE 30, 2020 THROUGH JUNE 30, 2022 REMAIN SUBJECT TO EXAMINATION BY TAX AUTHORITIES. PART III, LINE 4: OPTICAL TOY COLLECTION - USED FOR EDUCATION OF STUDENTS AND PRESERVATION OF HISTORY. PART V, LINE 4: THE FOUNDATION'S ENDOWMENT FUNDS ARE TO BE INVESTED TO PROVIDE INCOME WHICH IS TO BE USED TO SUPPORT THE GENERAL OPERATIONS AND PROGRAMS OF THE NORTH CAROLINA SCHOOL OF SCIENCE AND MATHEMATICS. X X X X X X 1 WILSON-BENNETT TECHNOLOGY INC 2239 BILL FOSTER MEMORIAL HIGHWAY CABOT AR 72023 PHONE-A-THON 0 25000 6947 18053 MOSS & ROSS LLC 280 S MANGUM STREET STE 140 DURHAM NC 27701 FUNDRAISING SERVICES 0 0 137266 -137266 25000 144213 -119213 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 1 NORTH CAROLINA SCHOOL OF SCIENCE AND MATHEMATICS 1219 BROAD STREET DURHAM NC 27705 561425643 501(C)(3) 2570512 0 TO FUND VARIOUS PROGRAMS OF THE SCHOOL AND TO HELP WITH THE CONSTRUCITON OF A NEW CAMPUS. 1 PART I, LINE 2: THE FOUNDATION WILL DIRECTLY PAY FOR CERTAIN EXPENSES AND ALSO GIVES DIRECTLY TO CERTAIN PROGRAMS. 0 0 0 0 0 0 0 0 0 TODD ROBERTS EX-OFFICIO NONVOTING BOARD 0 258866 0 34682 0 6910 0 70914 0 7334 0 378706 0 0 BARBARA COURY PRESIDENT; ASST SECRETARY 0 142755 0 0 0 0 0 34974 0 7334 0 185063 0 0 LEAH ENGLEBRIGHT ASSISTANT TREASURER 0 133740 0 2000 0 0 0 23592 0 7334 0 166666 0 0 PART I, LINE 3: THE COMPENSATION FOR THE EXECUTIVE DIRECTOR LEVEL IS BASED UPON STATE OF NC SALARY ALLOCATION. X 14 93672 FMV X SUPPLIES 5 5882 FMV 0 0 0 PART I, COLUMN (B): THE FOUNDATION IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED IN PART I, COLUMN B. FORM 990, PART VI, SECTION A, LINE 2 RICK STONE AND CHARLIE STONE, FATHER AND SON, SERVE ON THE BOARD TOGETHER. CHARLIE STONE IS A DULY ELECTED, VOTING MEMBER OF THE FBOD AND RICK STONE IS NO LONGER SUCH. RICK IS RETAINED IN COUNSEL AS OUR VERY FIRST, EMERITUS, NON-VOTING MEMBER. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE COMPLETE FORM 990 IS REVIEWED BY THE PRESIDENT AND THE CHAIR OF THE AUDIT COMMITTEE. THE BOARD MEMBERS ARE PROVIDED WITH COPIES OF THE FORM 990 WITH DONOR INFORMATION REMOVED. FORM 990, PART VI, SECTION B, LINE 12C THE NCSSM FOUNDATION ENFORCES ITS CONFLICT OF INTEREST POLICY BY REQUIRING ALL BOARD MEMBERS TO REVIEW AND SIGN AND DATE ANNUALLY. AT EACH BOARD MEETING AND COMMITTEE MEETING, MEMBERS ARE ASKED IF THEY KNOW OF ANY CONFLICTS AT THAT POINT IN TIME. IF ANY ARE DISCLOSED, THE GOVERNING BOARD OR COMMITTEE REVIEWS THE CONFLICT AND MAKES A DETERMINATION AS TO WHETHER OR NOT A CONFLICT OF INTEREST IN FACT EXISTS. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART VII, SECTION A, COLUMN F: THE ORGANIZATION, IN A FULL TRANSPARENCY POSTURE TO REPORTING, IS REPORTING ANY BENEFITS IN FULL IN COLUMN F, PART VII, AND NOT APPLYING THE $10,000 PER ITEM EXCEPTION FOR CERTAIN BENEFITS. FORM 990, PART XII, LINE 2C PROCESS HAS NOT CHANGED FROM PRIOR YEAR. 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