2025-05-13T13:28:37-05:00 2024-06-30 561304727 BLACKMAN & SLOOP ADVISORS INC 1414 RALEIGH ROAD SUITE 300 CHAPEL HILL NC 27517 990 2023-07-01 237410301 NORTH CAROLINA CENTRAL UNIVERSITY FOUNDATION INC NORT 9195307639 POST OFFICE BOX 52466 DURHAM NC 277172466 ERNEST JENKINS EXECUTIVE DIRECTOR 9195307639 2025-05-09 1 1 ANDREA WOODELL EASON P00361629 9199428700 2023 2025-03-06 01:10:19Z FRANKIE PERRY POST OFFICE BOX 52466 DURHAM NC 277172466 23457933 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. 21 20 4 22 0 0 17585636 17190004 0 0 711989 2644851 1792647 1887410 20090272 21722265 12224338 16493712 0 0 699142 787583 0 0 0 756650 756524 13680130 18037819 6410142 3684446 49204677 53121014 295130 387753 48909547 52733261 TO FOSTER AND PROMOTE THE GROWTH OF HIGHER EDUCATION IN NORTH CAROLINA AND SPECIFICALLY NORTH CAROLINA CENTRAL UNIVERSITY. 0 0 16493712 16493712 ADMINISTER SCHOLARSHIP FUNDS AND PROVIDE SUPPORT TO ALL DEPARTMENTS OF NORTH CAROLINA CENTRAL UNIVERSITY. 16493712 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 21 20 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 351554 0 13902 JAMES D WILLIAMS TREASURER 2.00 X X 0 0 0 ANTOINETTE DR BURWELL DIRECTOR 1.00 X 0 0 0 CALVIN J CROSSLIN DIRECTOR 1.00 X 0 0 0 HERBERT RIVERA-SANCHEZ DIRECTOR 1.00 X 0 0 0 CORNELL SLADE DIRECTOR 1.00 X 0 0 0 JASON SHERRILL FINANCE DIRECTOR 40.00 X 167912 0 13061 519466 0 26963 2 0 1 0 0 17190004 7228024 17190004 1368679 1368679 3011840 1735668 1276172 1276172 1276172 OTHER INCOME 900099 1887410 1887410 1887410 21722265 1887410 0 2644851 16493712 16493712 387031 387031 316546 316546 7173 7173 36772 36772 40061 40061 135550 135550 143913 143913 3375 3375 57496 57496 72858 72858 21652 21652 4649 4649 6137 6137 ENTERTAINMENT 139666 139666 SPONSORSHIPS 40968 40968 PROGRAM SUPPORT 28531 28531 EQUIPMENT AND RENTALS 26217 26217 75512 75512 18037819 16493712 1544107 0 4021733 4816064 6597515 5762386 123194 223045 3317 10700 164240 26759 247786 137481 33955031 36921845 1759707 2453519 2496394 2795974 49204677 53121014 100616 151531 194514 236222 295130 387753 X 2320406 2592974 46589141 50140287 48909547 52733261 49204677 53121014 X 3684446 1409067 -1269799 X X 0 1 X 1 0 X 3669260 14231655 11339235 17604295 17190004 64034449 3669260 14231655 11339235 17604295 17190004 64034449 16221287 47813162 567652 575337 526448 1041816 1368679 4079932 331364 431597 801428 1792647 1887410 5244446 73358827 0.65180 0.67020 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER MISCELLANEOUS NON-GIFT INCOME - 2019 AMOUNT: $ 331,364. 2020 AMOUNT: $ 431,597. 2021 AMOUNT: $ 801,428. 2022 AMOUNT: $ 1,792,647. 2023 AMOUNT: $ 1,887,410. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 22273055 1675058 2916622 266557 441396 26156782 18542867 3087972 1856427 847675 366536 22273055 21367927 1987966 -3817827 590945 404254 18542867 16799758 1358344 4184632 649459 325348 21367927 16845022 678413 246230 635394 334513 16799758 0.00700 0.89920 0.09380 0 0 36389 36389 127851 26759 101092 137481 BENEFICIAL INTEREST IN PERPETUAL TRUST 2095366 CASH SURRENDER VALUE OF LIFE INSURANCE 464386 FUNDS HELD ON BEHALF OF OTHERS 236222 2795974 FUNDS HELD ON BEHALF OF OTHERS 236222 236222 23145782 1409067 150000 1559067 21586715 135550 135550 21722265 19322068 150000 1269799 1419799 17902269 135550 135550 18037819 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 1,269,799. 1 NORTH CAROLINA CENTRAL UNIVERSITY 1801 FAYETTEVILLE STREET DURHAM NC 27707 566000730 501(C)(3) 9599002 6894710 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 287054 0 64500 0 0 0 8127 0 5775 0 365456 0 0 0 JASON SHERRILL FINANCE DIRECTOR 130812 0 37100 0 0 0 3795 0 9266 0 180973 0 0 0 PART I, LINE 1A THE EXECUTIVE DIRECTOR'S WAGES INCLUDE COMPENSATION IN LIEU OF HAVING HEALTH AND DENTAL INSURANCE BENEFITS WITH THE CURRENT FOUNDATION PLAN. THE EXECUTIVE DIRECTOR AND FINANCE DIRECTOR'S BONUS AND INCENTIVE COMPENSATION INCLUDES FUNDS FOR A RETIREMENT SUBSIDY. X 45965 ESTIMATED VALUE X 9 331763 FAIR VALUE X TECHNOLOGY UPGRADES AND DIGITAL SLIDES 2 6606605 FAIR VALUE X EQUIPMENT 1 242140 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 -1,269,799. PART XII, LINE 2C THE AUDIT/FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT. THIS HAS NOT CHANGED FROM THE PRIOR YEAR.