2025-05-12T08:22:45-05:00 2024-06-30 560571159 BERNARD ROBINSON & COMPANY LLP PO BOX 19608 GREENSBORO NC 274199608 990 2023-07-01 566093187 EAST CAROLINA UNIVERSITY FOUNDATION INC EAST 2527374811 2200 S CHARLES BLVD GREENVILLE NC 27858 CHRISTOPHER M DYBA PRESIDENT 2527374811 2025-05-09 1 0 JOHN M ROBINSON P01281319 3362944494 2025-05-09 2023 2025-03-06 01:10:19Z X CHRISTOPHER M DYBA 2200 S CHARLES BLVD GREENVILLE NC 27858 146596726 0 X HTTP://WWW.ECU.EDU/GIVE X 1978 NC THE FOUNDATION RAISES, MANAGES, AND DISTRIBUTES PRIVATE RESOURCES FOR THE BENEFIT OF EAST CAROLINA UNIVERSITY, ITS STUDENTS AND ACADEMIC AND RESEARCH PROGRAMS. 38 34 0 100 13504 9214 13975659 17235707 289133 381373 4368682 19428307 8024 58317 18641498 37103704 4773606 4516967 0 0 0 0 0 0 1768216 5461220 7113422 10234826 11630389 8406672 25473315 201592548 232512585 1833779 843617 199758769 231668968 THE FOUNDATION RAISES, MANAGES, AND DISTRIBUTES PRIVATE RESOURCES FOR THE BENEFIT OF EAST CAROLINA UNIVERSITY, ITS STUDENTS AND ACADEMIC AND RESEARCH PROGRAMS. 0 0 4355812 4355812 THE FOUNDATION PROVIDES FUNDING FOR STUDENT SCHOLARSHIPS AND AWARDS. THROUGH ITS MULTI-YEAR SCHOLARSHIP PROGRAMS, NAMED SCHOLARSHIPS, AND ANNUALLY FUNDED AWARDS THE FOUNDATION SEEKS TO ASSIST EAST CAROLINA UNIVERSITY STUDENTS IN ACHIEVING THEIR EDUCATION GOALS. DURING 2024, THE FOUNDATION AWARDED SCHOLARSHIPS TO 2,052 RECIPIENTS TOTALING $4,282,087 AND 71 AWARDS TOTALING $73,725. 3332279 161155 381373 THE FOUNDATION PROVIDES PROGRAM FUNDING TO EAST CAROLINA UNIVERSITY. THIS PROGRAM SUPPORT INCLUDES FACULTY DEVELOPMENT AND TRAVEL, AS WELL AS PROVIDING FUNDING FOR STUDENT EXPERIENCES THAT ARE THE HALLMARKS OF AN EXCELLENT INSTITUTION. 1713416 THE FOUNDATION ASSISTS EAST CAROLINA UNIVERSITY IN THE RECRUITMENT AND RETENTION OF HIGHLY QUALIFIED FACULTY AND ADMINISTRATORS BY PROVIDING FUNDING FOR FACULTY AND ADMINISTRATOR COMPENSATION. 9401507 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 0 0 1 0 1 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 1 108 2 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 38 34 1 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X X X BRITTANY STOCKSTILL 2527374811 2200 SOUTH CHARLES BLVD GREENVILLE NC 27858 CHRISTOPHER M DYBA PRESIDENT 20.00 20.00 X X 0 331328 97153 STEPHANIE COLEMAN TREASURER 1.00 40.00 X X 0 294318 88080 PHILIP ROGERS DIRECTOR 1.00 40.00 X 0 500207 159450 MATT SLATE CHAIR 1.00 40.00 X X 0 0 0 STEVE CUNANAN VICE CHAIR 1.00 X X 0 0 0 NICK CRABTREE SECRETARY 1.00 X X 0 0 0 KARA BLOUNT ASST. SECRETARY 1.00 40.00 X X 0 0 0 STEPHANIE T BOND ASST. SECRETARY 1.00 X X 0 0 0 PAUL M ADKISON DIRECTOR 1.00 X 0 0 0 DEIDRA BLANKS DIRECTOR 1.00 X 0 0 0 BILL BOGEY DIRECTOR 1.00 X 0 0 0 DON BRINKLEY DIRECTOR 1.00 X 0 0 0 TAYLOR CHAPPELL DIRECTOR 1.00 X 0 0 0 OTTIS CRISP DIRECTOR 1.00 X 0 0 0 GORDON DARRAGH DIRECTOR 1.00 X 0 0 0 SCOTT M DIGGS DIRECTOR 1.00 X 0 0 0 BARBARA DOMINICK DIRECTOR 1.00 X 0 0 0 TODD ERVIN DIRECTOR 1.00 X 0 0 0 DAVID FUSSELL DIRECTOR 1.00 X 0 0 0 JESSICA GORRALL DIRECTOR 1.00 X 0 0 0 PHIL HODGES DIRECTOR 1.00 X 0 0 0 STEVE R JONES DIRECTOR 1.00 X 0 0 0 STEVE JONES DIRECTOR 1.00 X 0 0 0 ADAM KEEN DIRECTOR 1.00 X 0 0 0 MIKE KELLY DIRECTOR 1.00 X 0 0 0 VONTA LEACH DIRECTOR 1.00 X 0 0 0 JOHN R MAY DIRECTOR 1.00 X 0 0 0 BRIAN MILLER DIRECTOR 1.00 X 0 0 0 MISTY L MILLER DIRECTOR 1.00 X 0 0 0 ANGELA MOSS DIRECTOR 1.00 X 0 0 0 JIM MULLEN DIRECTOR 1.00 X 0 0 0 ANTHONY W PATTERSON DIRECTOR 1.00 X 0 0 0 MARY SCHOOF DIRECTOR 1.00 X 0 0 0 JON STRICKLAND DIRECTOR 1.00 X 0 0 0 CHRISTINA TAYLOR DIRECTOR 1.00 X 0 0 0 RICHARD TWILLEY DIRECTOR 1.00 X 0 0 0 BURNEY WARREN DIRECTOR 1.00 X 0 0 0 VANESSA WORKMAN DIRECTOR 1.00 X 0 0 0 0 1125853 344683 0 0 1 0 STORR OFFICE ENVIRONMENTS INC 10800 WORLD TRADE BLVD RALEIGH NC 27617 OFFICE FURNITURE 164097 LEARNTOWIN INC PO BOX 756 MENLO PARK CA 94026 USER LICENSES 115500 2 384892 16850815 1310951 17235707 FEE REVENUE 900099 157974 157974 TICKET SALES 713990 133479 133479 BOOK ROYALTIES 513130 89410 89410 NON-TAXABLE ROYALITES 900099 510 510 381373 4215407 -18355 4233762 124695556 109482656 15212900 15212900 10741 15202159 20000 10366 9634 9634 ADVERTISING & COMMISSIONS 541800 34570 20660 13910 MISCELLANEOUS INCOME 900099 14113 458 13655 48683 37103704 381373 13504 19473120 X 161155 161155 4339987 4339987 15825 15825 11517 11384 133 29904 29904 3029068 1584675 204869 1239524 256089 232703 10117 13269 695468 360169 77638 257661 542787 535492 7295 673787 575630 28168 69989 146097 124928 8919 12250 36841 659 36182 FOOD PRODUCTS 874965 772841 23750 78374 BOOKS & EDUCATIONAL SUP 650107 533123 20634 96350 GIK EXPENSE 154703 154543 160 MISCELLANEOUS 12089 9777 1646 666 11630389 9401507 460666 1768216 7180545 13955735 6928327 7345477 1602362 1680318 72319 59712 886 15263 3 3 3 129891142 79833683 53853589 126146488 2063375 3475906 201592548 232512585 132062 100856 0 21230 1701717 721531 1833779 843617 X 21170332 26114865 178588437 205554103 199758769 231668968 201592548 232512585 X 25473315 6373108 2907171 1708830 -4552225 X 0 1 X 1 0 X 9449509 13890237 12568146 13961672 17235707 67105271 2202527 2063849 2071955 2337299 2907171 11582801 11652036 15954086 14640101 16298971 20142878 78688072 6163918 72524154 4430624 5157317 8872638 3428233 4215407 26104219 56456 27773 29675 20000 133904 104926195 1429796 0.69120 0.63480 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER FUNDRAISING EVENTS - 2019 AMOUNT: $ 56,456. 2021 AMOUNT: $ 27,773. 2022 AMOUNT: $ 29,675. OTHER GAMING EVENTS - 2023 AMOUNT: $ 20,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 148772067 5204127 23293296 3224155 1619675 172425660 134425559 6205378 12034250 2471560 1421560 148772067 147199111 3219409 -12561864 2100619 1330478 134425559 105753568 8923240 35745991 1910512 1313176 147199111 107822248 2347943 -106770 3103011 1206842 105753568 0.59900 0.40100 0 0 3 3 3 FEG PRIVATE OPPORTUNITIES FUND LP 1673516 F NORTHGATE PRIVATE EQUITY PARTNERS LP 21216 F UNC INVESTMENT FUND, LLC 26592871 F FEG PRIVATE OPPORTUNITIES FUND II LP 3025219 F FEG PRIVATE OPPORTUNITIES FUND III LP 2276169 F FEG PRIVATE OPPORTUNITIES FUND IV LP 3844494 F FALCON PRIVATE CREDIT OPPORTUNITIES VI LP 948509 F TWIN BRIDGE 3075878 F DOVER STREET XI FEEDER FUND, LP 1874080 F PEPPERTREE CAPITAL FUND X QP, LP 838950 F ACADIAN INTERNATIONAL SMALL CAP FUND 3979871 F ARROWSTREET GLOBAL EQUITY ACWI 5836237 F BURGUNDY DST SMALLER COMPANIES 8880864 F CITY OF LONDON CA INTERNATIONAL EQUITY CEF FUND 7516708 F GQG PARTNERS EMERGING MARKETS EQUITY FUND 2624184 F INDEPENDENT FRANCHISE PARTNERS GLOBAL EQUITY, LP 3750396 F ORBIS INSTITUTIONAL INTERNATIONAL EQUITY, LP 5474209 F POLUNIN DEVELOPING COUNTRIES FUND, LLC 2494430 F CIM ENTERPRISE LOAN FUND, LP 1408997 F DAVIDSON KEMPNER, LP 2022703 F DORSAL CAPITAL PARTNERS, LTD 1155891 F HBK MULTI-STRATEGY OFFSHORE FUND, LTD 2069611 F HIGHBRIDGE TACTICAL CREDIT FUND, LTD 1469552 F HUDSON BAY INTERNATIONAL FUND, LTD 2019563 F JUNTO OFFSHORE FUND, LTD 1217363 F MGG SF EVERGREEN UNLEVERED FUND, LP 899662 F NEWTYN TE PARTNERS, LP 1200000 F PALMER SQUARE INCOME PLUS FUND, LLC 6088114 F TRINITY STREET COMMINGLED GLOBAL 3793735 F WELLINGTON GLOBAL RESERACH EXTENDED FUND, LTD 7974129 F DOUBLELINE CORE PLUS PORTFOLIO 10099367 F 126146488 ANNUITIES PAYABLE 46460 PAYABLES TO RELATED ORGANIZATIONS 625247 REFUNDABLE ADVANCES 49824 721531 X PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT ON NET INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES. AT JUNE 30, 2024 AND 2023, THE FOUNDATION HAS NOT RECORDED ANY TAX LIABILITIES. THE FOUNDATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS. 0 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 0 0 0 0 0 0 0 0 0 SCHOLARSHIP SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 5 5000 FINANCIAL AID SCHOLARSHIP EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 1 700 FINANCIAL AID SCHOLARSHIP MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 1 2000 FINANCIAL AID SCHOLARSHIP SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 1 2125 FINANCIAL AID SCHOLARSHIP EAST ASIA AND THE PACIFIC 1 2800 FINANCIAL AID SCHOLARSHIP SUB-SAHARAN AFRICA 1 700 FINANCIAL AID SCHOLARSHIP NORTH AMERICA 2 2500 FINANCIAL AID 0 0 1 1 1 0 PART I, LINE 3F - INVESTMENTS & EXPENDITURES PER REGION THE FOUNDATION HELD AN INVESTMENT IN MAGNITUDE INTERNATIONAL AT JUNE 30, 2023 TOTALING $11,027,235. MAGNITUDE INTERNATIONAL IS ORGANIZED IN THE CAYMAN ISLANDS. THE FOUNDATION NO LONGER HOLDS THIS INVESTMENT AT JUNE 30, 2024. X X X X X X 0 AL AK AZ AR CA CO CT DC FL HI IL KY LA ME MD MA MI MN MS MO NV NH NJ NY NC OH OK OR SC TN UT VA WA WV 20000 10000 366 0 20000 10000 366 10366 9634 NC 0 LICENSE NOT REQUIRED. 0 1 0 0.00000 1.00000 BRITTANY STOCKSTILL 2200 SOUTH CHARLES BLVD GREENVILLE NC 27858 0 0 1 ECU MEDICAL & HLTH SCIENCE FN 525 MOYE BLVD GREENVILLE NC 27834 237138921 501(C)(3) 55000 0 GENERAL PROGRAM ECU ALUMNI ASSOCIATION 901 EAST FIFTH STREET GREENVILLE NC 27858 237148126 501(C)(3) 5655 0 GENERAL PROGRAM ECU EDUCATIONAL FOUNDATION 304 WARD SPORTS MEDICINE BUILDING GREENVILLE NC 27858 506061192 501(C)(3) 100500 0 GENERAL PROGRAM 3 0 STUDENT SCHOLARSHIPS 2039 4266262 TAXABLE PRIZES AND AWARDS 71 73725 PART I, LINE 2: AN INDEPENDENT SELECTION COMMITTEE SELECTS RECIPIENTS BASED ON CRITERIA ESTABLISHED IN FUND AUTHORITIES AND FUND AGREEMENTS. FUNDS FOR SCHOLARSHIPS AND AWARDS ARE DISTRIBUTED DIRECTLY TO EAST CAROLINA UNIVERSITY WITH THE INTENT OF BEING USED FOR SCHOLARSHIPS, AWARDS, AND GRANTS. MANAGEMENT REVIEWS REPORTS GENERATED BY THE UNIVERSITY TO ENSURE THE FUNDS WERE DISTRIBUTED APPROPRIATELY. 0 0 0 0 0 0 0 0 0 PHILIP ROGERS DIRECTOR 0 421724 0 65350 0 13133 0 45945 0 113505 0 659657 0 0 CHRISTOPHER M DYBA PRESIDENT 0 321537 0 0 0 9791 0 81696 0 15457 0 428481 0 0 STEPHANIE COLEMAN TREASURER 0 293598 0 0 0 720 0 74350 0 13730 0 382398 0 0 COMPENSATION FROM RELATED ORGANIZATIONS EAST CAROLINA UNIVERSITY PROVIDES COMPENSATION FOR ITS EMPLOYEES WHO SERVE THE EAST CAROLINA UNIVERSITY FOUNDATION, INC. THE UNIVERSITY'S HUMAN RESOURCES DEPARTMENT MANAGES THE COMPENSATION DETERMINATION PROCESS. X 2 9890 FAIR MARKET VALUE X 67254 FAIR MARKET VALUE X 6875 FAIR MARKET VALUE X 54 1147845 FAIR MARKET VALUE X 9 22100 FAIR MARKET VALUE X MISCELLANEOUS 13 41793 FAIR MARKET VALUE X EQUIPMENT 2 6792 FAIR MARKET VALUE 0 1 1 PART I, LINE 32B: THE ORGANIZATION HIRES THIRD PARTIES TO SELL GIFTS OF DONATED SECURITIES, JEWELRY, ART, OR OTHER NON-CASH CONTRIBUTIONS FOR WHICH AN INDUSTRY EXPERTISE IS REQUIRED. FORM 990, PART VI, SECTION A, LINE 2 DIRECTORS DAVID FUSSELL AND ANGELA MOSS ALSO SERVE ON THE BOARD OF TRUSTEES OF A RELATED ORGANIZATION, EAST CAROLINA UNIVERSITY. DIRECTOR ANGELA MOSS IS EMPLOYED BY A COMPANY IN WHICH A RELATED ORGANIZATION, EAST CAROLINA UNIVERSITY, HOLDS INVESTMENTS. THE SERVICES PROVIDED BY THESE EMPLOYERS ARE WITHIN THE ORDINARY COURSE OF BUSINESS ON TERMS GENERALLY OFFERED TO THE PUBLIC. FORM 990, PART VI, SECTION B, LINE 11B THE FOUNDATION PROVIDED THE MEMBERS OF THE BOARD OF DIRECTORS WITH A LINK TO A PASSWORD-PROTECTED SITE THAT CONTAINED A DRAFT OF THE FOUNDATION'S 990 AND 990-T RETURNS. THE DIRECTORS WERE INFORMED OF THE DRAFT'S AVAILABILITY VIA EMAIL. THE FOUNDATION'S AUDIT COMMITTEE MET AND REVIEWED THE RETURNS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS MUST ANNUALLY DISCLOSE ALL POSSIBLE CONFLICTS OF INTEREST. BOARD MEMBERS MUST RECUSE THEMSELVES FROM VOTING ON ISSUES WHERE A CONFLICT MAY EXIST OR ARISE. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION OFFICERS AND KEY EMPLOYEES ARE PAID THROUGH EAST CAROLINA UNIVERSITY. THE UNIVERSITY HUMAN RESOURCES DEPARTMENT MANAGES THE COMPENSATION DETERMINATION PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE BOARD HAS ADOPTED A POLICY OF TRANSPARENCY. IN KEEPING WITH THAT POLICY, THE FOUNDATION POSTS GOVERNING DOCUMENTS, POLICIES, FINANCIAL STATEMENTS, FORMS 990 AND 990-T, AND OTHER DOCUMENTS OF INTEREST ON ITS WEBSITE. FORM 990, PART IX, LINE 11G CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 557,432. MANAGEMENT AND GENERAL EXPENSES 8,535. FUNDRAISING EXPENSES 112,973. TOTAL EXPENSES 678,940. CONTRACT LABOR: PROGRAM SERVICE EXPENSES 1,027,243. MANAGEMENT AND GENERAL EXPENSES 196,334. FUNDRAISING EXPENSES 1,126,551. TOTAL EXPENSES 2,350,128. FORM 990, PART XI, LINE 9: BAD DEBT LOSSES -148,405. CHANGE IN VALUE OF SPLIT INTEREST -1,496,649. DONATED SERVICES AND USE OF FACILITIES -2,907,171. ECU INNOVATION FOUNDATION LLC 2200 S CHARLES BLVD SUITE 1100 GREENVILLE NC 27858 SUPPORT OF EAST CAROLINA UNIVERSITY FOUNDATION, INC. NC 0 0 EAST CAROLINA UNIVERSITY FOUNDATION INC ECU REAL ESTATE FOUNDATION INC 2200 SOUTH CHARLES BLVD SUITE 110 GREENVILLE NC 27858 561929013 PURCHASE OF REAL ESTATE FOR BENEFIT OF ECU NC 501(C)(3) LINE 12C, III-FI EAST CAROLINA UNIVERSITY FOUNDATION INC 1 EAST CAROLINA UNIVERSITY INC EAST FIFTH STREET GREENVILLE NC 27858 566000403 EDUCATIONAL INSTITUTION - PUBLIC NC N/A 0 GREEN TOWN PROPERTIES INC 2200 SOUTH CHARLES BLVD GREENVILLE NC 27858 460691193 PURCHASE OF REAL ESTATE FOR BENEFIT OF ECU NC 501(C)(3) LINE 12C, III-FI EAST CAROLINA UNIVERSITY FOUNDATION INC 1 CHARITABLE REMAINDER ANNUITY (1) TRUST NC ECU FOUNDATION 0 CHARITABLE REMAINDER UNITRUST (6) TRUST NC ECU FOUNDATION 0 CHARITABLE LEAD UNITRUST (2) TRUST NC ECU FOUNDATION 0 0 0 1 1 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 ECU REAL ESTATE FOUNDATION INC C 384892 FAIR MARKET VALUE GREEN TOWN PROPERTIES INC D 5191166 FAIR MARKET VALUE EAST CAROLINA UNIVERSITY INC M 2761501 FAIR MARKET VALUE EAST CAROLINA UNIVERSITY INC N 145670 FAIR MARKET VALUE EAST CAROLINA UNIVERSITY INC P 2349992 FAIR MARKET VALUE