2025-12-03T07:00:44-06:00 2025-06-30 593204548 JAMES MOORE & CO PL 5931 NW 1ST PL GAINESVILLE FL 326072063 990 2024-07-01 566049304 THE NORTH CAROLINA AGRICULTURAL FOUNDATION INC NORT 9195137149 NCSU BOX 7207 RALEIGH NC 276957207 ERIN DELEHANTY ASSISTANT TREASURER 9195137149 2025-11-25 1 1 KEN KURDZIEL P00060407 3523781331 2025-11-25 2024 2025-03-06 01:10:19Z ERIN DELEHANTY NCSU BOX 7207 RALEIGH NC 276957207 61769433 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. 193 188 9 200 0 0 18766040 18251987 1442339 767872 5564114 6189613 377772 663918 26150265 25873390 8484511 14481460 0 0 530016 550155 0 0 710465 14513569 7883582 23528096 22915197 2622169 2958193 278488848 295881084 16904114 16836417 261584734 279044667 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. 0 0 22087232 14481460 767872 AIDS AND PROMOTES 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. 22087232 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 4 0 1 9 1 0 0 0 0 0 1 1 1 1 0 0 0 0 0 X 193 188 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X ERIN DELEHANTY 9195137149 NCSU BOX 7207 RALEIGH NC 276957207 BRYAN BLINSON SECRETARY 1.00 0.00 X X 0 0 0 BETH FARRELL VICE CHAIR 1.00 0.00 X X 0 0 0 THOMAS JOYNER CHAIR; EXECUTIVE COMMITTEE 1.00 0.00 X X 0 0 0 PAULA WOODALL ASST. TREASURER 1.00 0.00 X X 0 0 0 DANA R HARRIS TREASURER 1.00 40.00 X X 0 290290 79282 DEBBIE E WORLEY ASST. SECRETARY 1.00 0.00 X X 0 0 0 BRANDON R YOUNG DIRECTOR 1.00 0.00 X 0 0 0 TANEKA WILLIAMS DIRECTOR 1.00 0.00 X 0 0 0 STEVE WILSON DIRECTOR 1.00 0.00 X 0 0 0 JASON WRIGHT DIRECTOR 1.00 0.00 X 0 0 0 KENNETH WRIGHT DIRECTOR 1.00 0.00 X 0 0 0 JOHN SEMMES DIRECTOR UNTIL 11/7/24 1.00 0.00 X 0 0 0 BUDDY GAITHER JR DIRECTOR UNTIL 3/11/25 1.00 0.00 X 0 0 0 HENRY RAMSEUR DIRECTOR UNTIL 11/7/24 1.00 0.00 X 0 0 0 HOWARD WILLIAMS DIRECTOR 1.00 0.00 X 0 0 0 HARVEY ROBERTS DIRECTOR UNTIL 11/7/24 1.00 0.00 X 0 0 0 MILTON VAUGHAN DIRECTOR 1.00 0.00 X 0 0 0 GENE WEST DIRECTOR 1.00 0.00 X 0 0 0 CHARLIE WILKINSON DIRECTOR 1.00 0.00 X 0 0 0 EMMA WICKER DIRECTOR 1.00 0.00 X 0 0 0 SCOTT WHITFORD DIRECTOR 1.00 0.00 X 0 0 0 ROBERT FLEMING JR DIRECTOR UNTIL 11/7/24 1.00 0.00 X 0 0 0 CRAIG WEST DIRECTOR 1.00 0.00 X 0 0 0 WAYNE WATSON DIRECTOR 1.00 0.00 X 0 0 0 ALEX WATKINS DIRECTOR 1.00 0.00 X 0 0 0 DAN WARREN DIRECTOR 1.00 0.00 X 0 0 0 OWEN WAGNER DIRECTOR 1.00 0.00 X 0 0 0 BLAIR ROBERTSON DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL SHIFLETT DIRECTOR UNTIL 11/7/24 1.00 0.00 X 0 0 0 SHARON ROGERS DIRECTOR 1.00 0.00 X 0 0 0 JEFF WILSON DIRECTOR 1.00 0.00 X 0 0 0 DAVID RIVES DIRECTOR 1.00 0.00 X 0 0 0 ZACHARY TAYLOR DIRECTOR 1.00 0.00 X 0 0 0 LARRY M SYKES DIRECTOR 1.00 0.00 X 0 0 0 CLAY M STRICKLAND DIRECTOR 1.00 0.00 X 0 0 0 JENNIFER STAMEY DIRECTOR 1.00 0.00 X 0 0 0 MARLO SPRUILL DIRECTOR 1.00 0.00 X 0 0 0 STEVE SORRELLS DIRECTOR 1.00 0.00 X 0 0 0 WALTER SMITH DIRECTOR 1.00 0.00 X 0 0 0 MYRON SMITH DIRECTOR 1.00 0.00 X 0 0 0 STEVE TROXLER DIRECTOR 1.00 0.00 X 0 0 0 JEFF SMITH DIRECTOR 1.00 0.00 X 0 0 0 CONNIE B SMITH DIRECTOR 1.00 0.00 X 0 0 0 CHRIS SMITH DIRECTOR 1.00 0.00 X 0 0 0 GEORGE SIMPSON DIRECTOR 1.00 0.00 X 0 0 0 GARY SIKES DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL SHERRILL DIRECTOR 1.00 0.00 X 0 0 0 THOMAS SHAW DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL SHAW DIRECTOR 1.00 0.00 X 0 0 0 SUSAN DEWAR ROLLINS DIRECTOR 1.00 0.00 X 0 0 0 CLAY HINNANT DIRECTOR 1.00 0.00 X 0 0 0 RONNIE TRANTHAM DIRECTOR 1.00 0.00 X 0 0 0 KEATON VANDEMARK DIRECTOR 1.00 0.00 X 0 0 0 NICK RHODES DIRECTOR 1.00 0.00 X 0 0 0 BUNDY LANE DIRECTOR 1.00 0.00 X 0 0 0 VICTOR HUNT DIRECTOR 1.00 0.00 X 0 0 0 JACOB J PARKER DIRECTOR 1.00 0.00 X 0 0 0 JONATHAN RENN DIRECTOR 1.00 0.00 X 0 0 0 LISA PRINCE DIRECTOR 1.00 0.00 X 0 0 0 SCOTT PRESTAGE DIRECTOR 1.00 0.00 X 0 0 0 KELLY POWELL-MCIVER DIRECTOR 1.00 0.00 X 0 0 0 NELSON POWELL DIRECTOR 1.00 0.00 X 0 0 0 MARK POWELL DIRECTOR 1.00 0.00 X 0 0 0 JIMMY POLLOCK DIRECTOR 1.00 0.00 X 0 0 0 PARKER PHILIPS DIRECTOR 1.00 0.00 X 0 0 0 ERICA PETERSON DIRECTOR 1.00 0.00 X 0 0 0 DAVID M PEELE DIRECTOR 1.00 0.00 X 0 0 0 JOHN LYTTLE DIRECTOR 1.00 0.00 X 0 0 0 MILO LEWIS DIRECTOR 1.00 0.00 X 0 0 0 CHRISTIAN OVERTON DIRECTOR 1.00 0.00 X 0 0 0 STANLEY OLIVER DIRECTOR 1.00 0.00 X 0 0 0 ROBIN NICHOLSON DIRECTOR 1.00 0.00 X 0 0 0 ROBERT MYERS DIRECTOR 1.00 0.00 X 0 0 0 MELVIN MORGAN DIRECTOR 1.00 0.00 X 0 0 0 ANTOINE JAVON MOORE DIRECTOR 1.00 0.00 X 0 0 0 MARTIN MCLEOD DIRECTOR 1.00 0.00 X 0 0 0 WILLIAM DALE MCINNIS DIRECTOR 1.00 0.00 X 0 0 0 SHERRY MCCOMAS DIRECTOR 1.00 0.00 X 0 0 0 LUKE MATHIS DIRECTOR 1.00 0.00 X 0 0 0 ROBERT PAXTON DIRECTOR 1.00 0.00 X 0 0 0 SUZANNE RHINHART DIRECTOR 1.00 0.00 X 0 0 0 GEORGIA LOVE DIRECTOR 1.00 0.00 X 0 0 0 ROY LEE LINDSEY DIRECTOR 1.00 0.00 X 0 0 0 AYDEN R LEE JR DIRECTOR 1.00 0.00 X 0 0 0 TIM THORNSBURY DIRECTOR 1.00 0.00 X 0 0 0 WILLIAM BLOUNT KNOWLES DIRECTOR 1.00 0.00 X 0 0 0 WHITNEY E KING DIRECTOR 1.00 0.00 X 0 0 0 CHARLES KING DIRECTOR 1.00 0.00 X 0 0 0 NORMAN JORDAN JR DIRECTOR 1.00 0.00 X 0 0 0 DEBORAH JOHNSON DIRECTOR 1.00 0.00 X 0 0 0 EDDIE JENNINGS DIRECTOR 1.00 0.00 X 0 0 0 MATTHEW INMAN DIRECTOR 1.00 0.00 X 0 0 0 JIM HUNT DIRECTOR 1.00 0.00 X 0 0 0 BRY LONG DIRECTOR 1.00 0.00 X 0 0 0 GAIL HUGHES DIRECTOR 1.00 0.00 X 0 0 0 JIM HOWIE DIRECTOR 1.00 0.00 X 0 0 0 QUINN HOWARD DIRECTOR 1.00 0.00 X 0 0 0 SARA DILLON HOUGH DIRECTOR 1.00 0.00 X 0 0 0 ROBERT HOSFORD DIRECTOR 1.00 0.00 X 0 0 0 CATHY PRICE HORTON DIRECTOR 1.00 0.00 X 0 0 0 CURT HONEYCUTT DIRECTOR 1.00 0.00 X 0 0 0 DOUG HOLLAND DIRECTOR 1.00 0.00 X 0 0 0 DAVID HOGAN DIRECTOR 1.00 0.00 X 0 0 0 TODD HODGES DIRECTOR 1.00 0.00 X 0 0 0 MALARIE THOMPSON DIRECTOR 1.00 0.00 X 0 0 0 NORMAN MILLER JR DIRECTOR UNTIL 11/7/24 1.00 0.00 X 0 0 0 JULIUS TILLERY DIRECTOR 1.00 0.00 X 0 0 0 JASON FARMER DIRECTOR 1.00 0.00 X 0 0 0 LINDA HARRIS DIRECTOR 1.00 0.00 X 0 0 0 EB HARRIS DIRECTOR 1.00 0.00 X 0 0 0 BRAD HARGETT DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL HARE DIRECTOR 1.00 0.00 X 0 0 0 JERRY HARDESTY DIRECTOR 1.00 0.00 X 0 0 0 MARGARET G HAMM DIRECTOR 1.00 0.00 X 0 0 0 CHARLES HALL DIRECTOR 1.00 0.00 X 0 0 0 SCOTT GUPTON DIRECTOR 1.00 0.00 X 0 0 0 MATTHEW GRISSOM DIRECTOR 1.00 0.00 X 0 0 0 STEVE GRIFFIN DIRECTOR 1.00 0.00 X 0 0 0 ARCHIE GRIFFIN DIRECTOR 1.00 0.00 X 0 0 0 MICHELLE GRAINGER DIRECTOR 1.00 0.00 X 0 0 0 FRANK GRAINGER DIRECTOR 1.00 0.00 X 0 0 0 ROY GORENA DIRECTOR 1.00 0.00 X 0 0 0 ROB GLOVER DIRECTOR 1.00 0.00 X 0 0 0 CHARLES GLASS DIRECTOR 1.00 0.00 X 0 0 0 KARL GILLESPIE DIRECTOR 1.00 0.00 X 0 0 0 MALCOLM GIBBS DIRECTOR 1.00 0.00 X 0 0 0 JIMMY GENTRY DIRECTOR 1.00 0.00 X 0 0 0 JANE GARDNER DIRECTOR 1.00 0.00 X 0 0 0 COLTIN CARAWAY DIRECTOR 1.00 0.00 X 0 0 0 BOB FORD DIRECTOR 1.00 0.00 X 0 0 0 MIKE FULBRIGHT DIRECTOR 1.00 0.00 X 0 0 0 KATE BURGER DIRECTOR 1.00 0.00 X 0 0 0 CAMERON EAKER DIRECTOR 1.00 0.00 X 0 0 0 JOHN ANDREW CLAPP DIRECTOR 1.00 0.00 X 0 0 0 ANDY CURLISS DIRECTOR 1.00 0.00 X 0 0 0 JOSEPH LEE DUPREE JR DIRECTOR 1.00 0.00 X 0 0 0 CHAD DOCSH DIRECTOR 1.00 0.00 X 0 0 0 DAVID DAVENPORT DIRECTOR 1.00 0.00 X 0 0 0 THOMAS PHILIP DARK DIRECTOR 1.00 0.00 X 0 0 0 JAY B DARDEN IV DIRECTOR 1.00 0.00 X 0 0 0 JENNIFER BAREFOOT DANIELS DIRECTOR 1.00 0.00 X 0 0 0 JUSTIN DALTON DIRECTOR 1.00 0.00 X 0 0 0 AMY DALRYMPLE DIRECTOR 1.00 0.00 X 0 0 0 BOB CREWS DIRECTOR 1.00 0.00 X 0 0 0 SARA COATS DIRECTOR 1.00 0.00 X 0 0 0 GREG CRAVER DIRECTOR 1.00 0.00 X 0 0 0 ANDREW Q EURE JR DIRECTOR 1.00 0.00 X 0 0 0 GARY D CARTWRIGHT DIRECTOR 1.00 0.00 X 0 0 0 DAVID CORUM DIRECTOR 1.00 0.00 X 0 0 0 DAVID CORRELL DIRECTOR 1.00 0.00 X 0 0 0 RICK COOR DIRECTOR 1.00 0.00 X 0 0 0 TIMOTHY VAN COOKE DIRECTOR 1.00 0.00 X 0 0 0 HENRY LEE COOK DIRECTOR 1.00 0.00 X 0 0 0 BRYAN COOK DIRECTOR 1.00 0.00 X 0 0 0 TATIANNA CAREY DIRECTOR 1.00 0.00 X 0 0 0 LAKEAN BYRD DIRECTOR 1.00 0.00 X 0 0 0 REID SMITH DIRECTOR 1.00 0.00 X 0 0 0 STAN BICONISH DIRECTOR 1.00 0.00 X 0 0 0 SHANE MITCHELL DIRECTOR UNTIL 11/7/24 1.00 0.00 X 0 0 0 TONY BURD DIRECTOR 1.00 0.00 X 0 0 0 JAY BRYANT DIRECTOR 1.00 0.00 X 0 0 0 JASON BROWN DIRECTOR 1.00 0.00 X 0 0 0 LEANNE BROOKS DIRECTOR 1.00 0.00 X 0 0 0 SAM BRAKE JR DIRECTOR 1.00 0.00 X 0 0 0 GRAHAM BOYD DIRECTOR 1.00 0.00 X 0 0 0 LUKE BLIZZARD DIRECTOR 1.00 0.00 X 0 0 0 RAY BEST DIRECTOR 1.00 0.00 X 0 0 0 ZANE HEDGECOCK EXECUTIVE COMMITTEE 2027 1.00 0.00 X 0 0 0 EUGENE CALDWELL BERRYHILL JR DIRECTOR 1.00 0.00 X 0 0 0 NATHAN BENNETT DIRECTOR 1.00 0.00 X 0 0 0 FRANKIE BEAMAN DIRECTOR 1.00 0.00 X 0 0 0 JEREMY BALLARD DIRECTOR 1.00 0.00 X 0 0 0 KELLY EDENS ARCHAMBAULT DIRECTOR 1.00 0.00 X 0 0 0 ARNOLD ANDERSON DIRECTOR 1.00 0.00 X 0 0 0 JOHNNY BARNES PAST CHAIR; EXECUTIVE COMMITTEE 1.00 0.00 X 0 0 0 SHAWN HARDING NCFB REP TO EXECUTIVE COMMITTEE 1.00 0.00 X 0 0 0 CHARLOTTE VICK EXECUTIVE COMMITTEE 2027 1.00 0.00 X 0 0 0 MANDY HASTY DIRECTOR 1.00 0.00 X 0 0 0 EDDIE HESTER DIRECTOR 1.00 0.00 X 0 0 0 ANDREW BURLESON DIRECTOR 1.00 0.00 X 0 0 0 TOMMY BURLESON DIRECTOR 1.00 0.00 X 0 0 0 BRIAN D WARREN EXECUTIVE COMMITTEE 2028 1.00 0.00 X 0 0 0 JEFF CHANDLER EXECUTIVE COMMITTEE 2027 1.00 0.00 X 0 0 0 SAMUEL D DAVIS EXECUTIVE COMMITTEE 2026 1.00 0.00 X 0 0 0 PETER DANIEL EXECUTIVE COMMITTEE 2026 1.00 0.00 X 0 0 0 ALAN AYERS EXECUTIVE COMMITTEE 2026 1.00 0.00 X 0 0 0 PAUL SHERMAN EXECUTIVE COMMITTEE 2025 1.00 0.00 X 0 0 0 KIM LEQUIRE EXECUTIVE COMMITTEE 2025 1.00 0.00 X 0 0 0 DAVID HARTMAN EXECUTIVE COMMITTEE 2025 1.00 0.00 X 0 0 0 ASHLEY COLLINS EXECUTIVE COMMITTEE 2025 1.00 0.00 X 0 0 0 LARRY WOOTEN EXECUTIVE COMMITTEE 2028 1.00 0.00 X 0 0 0 MARK WELLONS EXECUTIVE COMMITTEE 2028 1.00 0.00 X 0 0 0 PAUL TALLEY EXECUTIVE COMMITTEE 2028 1.00 0.00 X 0 0 0 CHAD BENTON EXECUTIVE COMMITTEE 2027 1.00 0.00 X 0 0 0 BRITTANY WHITMIRE DIRECTOR 1.00 40.00 X 0 97078 31918 NORMAN HARRELL DIRECTOR 1.00 40.00 X 0 102167 33138 SAM GROCE DIRECTOR 1.00 0.00 X 0 0 0 DAVID R ANDERSON DIRECTOR 1.00 0.00 X 0 0 0 RICHARD P RENEGAR EXECUTIVE COMMITTEE 2026 1.00 0.00 X 0 0 0 DAVID HEATH DIRECTOR 1.00 0.00 X 0 0 0 JEREMY MARTIN DIRECTOR 1.00 40.00 X 0 75145 26531 KATHY B KENNEL ASSISTANT SECRETARY 1.00 40.00 X 0 141826 27985 ERIN DELEHANTY ASSISTANT TREASURER 1.00 40.00 X 0 193638 55581 SONIA MURPHY PRESIDENT UNTIL 3/13/25 1.00 40.00 X 0 225271 39506 0 1125415 293941 0 0 1 0 0 157033 2889410 15205544 2034981 18251987 PROGRAM REVENUE 611710 767872 767872 767872 1970724 1970724 421842 421842 38660100 1166125 33942706 1664630 4717394 -498505 4218889 4218889 530783 157033 288707 242076 242076 25873390 767872 0 6853531 14481460 14481460 550155 550155 17326 5200 12126 117500 117500 217276 194048 23228 198427 160120 38307 233848 232868 980 41531 41088 443 1370356 1364153 6203 324277 317705 6572 60855 60855 45663 17349 28314 SERVICES & FEES 2840756 2820470 20286 SUPPLIES 1066604 1061939 4665 EQUIPMENT RENTAL & MAIN 747815 742926 4889 DEPARTMENTAL EQUIPMENT 276189 274777 1412 325159 312274 12885 22915197 22087232 117500 710465 67586537 71435891 4899569 3284733 262016 255916 32324149 237308 33765770 32086841 171952145 188793404 22811 24299 278488848 295881084 12000 125166 11998659 10768913 4893455 5942338 16904114 16836417 X 7551802 11343170 254032932 267701497 261584734 279044667 278488848 295881084 X 2958193 14814042 -312302 X 0 1 X 1 1 1 X 16727541 16609043 13914993 18766040 18251987 84269604 2157000 2157000 16727541 16609043 13914993 18766040 20408987 86426604 2522685 83903919 1182860 730227 1237208 1752160 2392566 7295021 242076 242076 93963701 36959449 0.89290 0.90370 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 3 427.50 0 0 1 1 0 40.00 0 195407793 6385065 16836223 8535095 210093986 178868325 5058504 17738137 6257173 195407793 178107281 3221261 2049445 4509662 178868325 163345531 16073425 2892599 4204274 178107281 125746337 2546598 39842631 4790035 163345531 0.02000 0.56140 0.41860 0 0 31960151 31960151 126762 45596 81166 237236 191712 45524 32086841 NC STATE INVESTMENT FUND, INC. 178955785 F LIFE INCOME FUNDS 9837619 F 188793404 LIFE INCOME FUNDS PAYABLE 5474742 AGENCY FUNDS HELD FOR OTHERS 191793 ACCOUNTS PAYABLE TO NCSU 275803 5942338 X 42820837 14814042 2157000 -23595 16947447 25873390 0 25873390 25360904 2157000 288707 2445707 22915197 0 22915197 PART II, LINE 3: THE DURHAM TECH CONSERVATION EASEMENT WAS TERMINATED IN FY25. 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 APPROXIMATELY 840 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES RELATED TO THE MISSION OF THE UNIVERSITY. THE ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENTS AND FUNDS DESIGNATED BY THE BOARD TO FUNCTION AS ENDOWMENTS. NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE MAJORITY OF THE FOUNDATION'S SIGNED ENDOWMENT GIFT AGREEMENTS WITH DONORS HAVE DONOR-IMPOSED RESTRICTIONS WHICH STIPULATE THAT PRINCIPAL SHALL NOT BE USED TO FUND SPENDING. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION. THE FOUNDATION HAD NO SIGNIFICANT UNRELATED TRADE OR BUSINESS INCOME FOR 2025 OR 2024. THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION, AND HAS CONCLUDED THAT AS OF JUNE 30, 2025, 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 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES INCLUDED ON PART VIII 288,707. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -312,302. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES INCLUDED ON PART VIII 288,707. MOONLIGHT IN THE GARDEN 348505 100 348405 5037 38983 3500 82753 RAULSTON BLOOMS 79107 79107 486 650 33118 13 260204 156933 103271 9851 23550 35287 19729 35764 687816 157033 530783 9851 29073 74920 23229 151635 288708 242075 1 NORTH CAROLINA STATE UNIVERSITY NCSU BOX 7205 RALEIGH NC 276957207 566000756 115(1) 13257849 0 SCHOLARSHIPS, FACULTY SUPPORT, DEPARTMENTAL SUPPORT AND FACILITY SUPPORT NORTH CAROLINA ASSOCIATES OF FUTURE FARMERS OF AMERICA CAMPUS BOX 7654 RALEIGH NC 276957654 566061314 501(C)(3) 1223611 0 FUNDS FOR THE CONSTRUCTION AND IMPROVEMENT OF THE FFA CENTER 2 0 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. 0 0 0 0 0 0 0 0 0 DANA R HARRIS TREASURER 0 290290 0 0 0 0 0 71187 0 8095 0 369572 0 0 SONIA MURPHY PRESIDENT UNTIL 3/13/25 0 223978 0 0 0 1293 0 31411 0 8095 0 264777 0 0 ERIN DELEHANTY ASSISTANT TREASURER 0 193638 0 0 0 0 0 47486 0 8095 0 249219 0 0 KATHY B KENNEL ASSISTANT SECRETARY 0 141826 0 0 0 0 0 19890 0 8095 0 169811 0 0 PART I, LINE 3 THE BOARD OF DIRECTORS AND OFFICERS OF THE NORTH CAROLINA AGRICULTURAL FOUNDATION THAT RECEIVE COMPENSATION ARE COMPENSATED BY NC STATE UNIVERSITY, A 115(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. X 17 2034981 FMV 0 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS. FORM 990, ITEM J - WEBSITE: HTTPS://AEOPERATIONS.OFA.NCSU.EDU/THE-NORTH-CAROLINA-AGRICULTURAL-FOUNDA TION-INC/ FORM 990, PART V, LINE 2A: THE NUMBER OF EMPLOYEES REPORTED ON PART V, LINE 2A, REPRESENTS THE NUMBER OF EMPLOYEES OF THE FILING ORGANIZATION DURING THE TAX YEAR 2024 WHICH WERE REPORTED ON FORM W-3 BY NORTH CAROLINA STATE UNIVERSITY, THE COMMON PAYMASTER. FORM 990, PART V, LINE 7D: DURING THE FISCAL YEAR ENDING 6/30/2025, THE ORGANIZATION SOLD TANGIBLE PERSONAL PROPERTY THAT HAD BEEN RECEIVED AS A CHARITABLE CONTRIBUTION. THE FORM 8282 WAS COMPLETED AND MAILED TO THE IRS ON 11/14/2025 TO REPORT THE DISPOSITION OF THE PROPERTY. 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 A, LINE 7A THE MANAGEMENT OF THE CORPORATION SHALL BE VESTED IN A BOARD OF DIRECTORS INCLUDING: SEVENTEEN (17) EX-OFFICIO MEMBERS WITH VOTING POWER ON THE BOARD. THESE SHALL INCLUDE THE GOVERNOR OF THE STATE OF NORTH CAROLINA, THE NORTH CAROLINA COMMISSIONER OF AGRICULTURE AND CONSUMER SCIENCES, THE MASTER OF THE NORTH CAROLINA STATE GRANGE OR THE GRANGE'S DULY ELECTED REPRESENTATIVE, THE PRESIDENT OF THE NORTH CAROLINA FARM BUREAU FEDERATION OR THE FEDERATION'S DULY ELECTED REPRESENTATIVE, STATE DIRECTOR OF VOCATIONAL AGRICULTURE, STATE DIRECTOR OF THE FARM SERVICE AGENCY, STATE DIRECTOR OF THE NATURAL RESOURCES CONSERVATION SERVICE, THE PRESIDENT OF THE NORTH CAROLINA POULTRY FEDERATION, INC., THE IMMEDIATE PAST CHAIRMAN OF THE NORTH CAROLINA AGRICULTURAL FOUNDATION, INC., THE CURRENT PRESIDENT, OR THEIR DESIGNEE, OF THE NC 4-H DEVELOPMENT FUND, THE NC COOPERATIVE EXTENSION SERVICE FOUNDATION, THE NC FFA FOUNDATION AND THE CALS ALUMNI SOCIETY BOARD OF DIRECTORS, ONE (I) REPRESENTATIVE NAMED ANNUALLY BY THE CAROLINA FEED INDUSTRY ASSOCIATION, ONE (1) REPRESENTATIVE NAMED FOOD ASSOCIATION OF NORTH CAROLINA, ONE (1) REPRESENTATIVE NAMED ANNUALLY BY THE NC DAIRY PRODUCERS ASSOCIATION AND THE TREASURER OF NORTH CAROLINA STATE UNIVERSITY (ALSO, "NC STATE"), A SENIOR ADMINISTRATIVE OFFICER OF NC STATE AND ALSO EX-OFFICIO TREASURER OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT FORM 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 RECEIVE COMPENSATION ARE COMPENSATED BY NC STATE UNIVERSITY, A 115(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 FORM 990 IS LISTED ON THE WEBSITE. THE 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: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -312,302. NC STATE UNIVERSITY PARTNERSHIP CORPORATION NCSU BOX 7207 RALEIGH NC 27695 561444287 SUPPORT ORGANIZATION OF NC STATE UNIVERSITY NC 501(C)(3) LINE 12A, I NORTH CAROLINA STATE UNIVERSITY 0 NC STATE NATURAL RESOURCES FOUNDATION 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 ENGINEERING FOUNDATION 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 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 UNIVERSITY 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 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 STATE UNIVERSITY NCSU BOX 7207 RALEIGH NC 27695 566000756 EDUCATION NC 115(1) N/A N/A 0 NC STATE INVESTMENT FUND INC NCSU BOX 7207 RALEIGH NC 27695 311607634 INVEST FUNDS OF NC STATE UNIVERSITY ENDOWMENT & RELATED FOUNDATIONS NC 501(C)(3) LINE 12A, I NORTH CAROLINA STATE UNIVERSITY 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 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) LINE 5 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 CHARITABLE REMAINDER TRUSTS (12) ASSET INVESTMENT NC N/A T 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 0 0 NORTH CAROLINA STATE UNIVERSITY B 12354335 FMV NORTH CAROLINA STATE UNIVERSITY P 10283052 FMV