2025-12-09T07:23:28-06:00 2025-06-30 593204548 JAMES MOORE & CO PL 5931 NW 1ST PL GAINESVILLE FL 326072063 990 2024-07-01 561444287 NC STATE UNIVERSITY PARTNERSHIP CORPORATION NCST 9195137149 NCSU BOX 7207 RALEIGH NC 276957207 DANA R HARRIS PRESIDENT 9195137149 2025-12-09 1 1 KEN KURDZIEL P00060407 3523781331 2025-12-09 2024 2025-03-06 01:10:19Z DANA R HARRIS NCSU BOX 7207 RALEIGH NC 276957207 14086332 0 X SEE SCHEDULE O X 1984 NC TO SUPPORT AND BENEFIT NORTH CAROLINA STATE UNIVERSITY WITH THE AIM OF CREATING NEW KNOWLEDGE AND IMPROVING THE LIVES OF THE PEOPLE OF NORTH CAROLINA. 4 0 0 0 2279749 0 7504878 5625000 2701358 4691384 707145 769815 601866 2594302 11515247 13680501 0 5625000 0 0 0 0 0 0 0 11890211 7294629 11890211 12919629 -374964 760872 37728466 46730976 16526630 23399983 21201836 23330993 X TO SUPPORT AND BENEFIT NORTH CAROLINA STATE UNIVERSITY WITH THE AIM OF CREATING NEW KNOWLEDGE AND IMPROVING THE LIVES OF THE PEOPLE OF NORTH CAROLINA. 0 0 5643603 5625000 0 RESEARCH - TO MANAGE, OPERATE, HOST AND OVERSEE RESEARCH RELATED OPERATIONS, UNITS, ACTIVITIES AND INITIATIVES OF UNIVERSITY FACULTY, DEPARTMENTS, CENTERS AND INSTITUTES, AS WELL AS FEDERAL AGENCIES. 3320335 694047 CENTENNIAL DEVELOPMENT - TO CONSTRUCT, OWN, AND OPERATE A GOLF COURSE LOCATED ON THE NORTH CAROLINA STATE UNIVERSITY CENTENNIAL CAMPUS. 1194235 900929 LINC - TO FOSTER ECONOMIC DEVELOPMENT AND CREATION OF NEW KNOWLEDGE BY FACILITATING COMMERCIALIZATION OF TECHNOLOGIES DEVELOPED AT THE NONWOVENS INSTITUTE AT NC STATE UNIVERSITY. 1981763 3096408 ALL OTHERS - TO ACQUIRE, DEVELOP, OWN, LEASE, MANAGE, UPFIT, SELL AND OTHERWISE EXERCISE ALL RIGHTS OF OWNERSHIP OF LAND AND FACILITIES LOCATED IN CLOSE PROXIMITY TO NORTH CAROLINA STATE UNIVERSITY. 1981763 3096408 12139936 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 23 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 4 0 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X DANA R HARRIS 9195137149 NCSU BOX 7207 RALEIGH NC 276957207 WARWICK A ARDEN VICE PRESIDENT 1.00 40.00 X X 0 519963 56590 DANA R HARRIS PRESIDENT/EXECUTIVE DIRECTOR 1.00 40.00 X X 0 290290 79282 CHARLES A MAIMONE TREASURER 1.00 40.00 X X 0 426300 112636 ALYSON WILSON SECRETARY UNTIL 6/27/2025 1.00 40.00 X X 0 294951 49447 KRISTA WALTON SECRETARY START 6/28/2025 1.00 40.00 X X 0 0 0 TABITHA GROELLE ASSISTANT SECRETARY 1.00 40.00 X 0 96093 31649 0 1627597 329604 0 0 1 0 ZEITRAUM STUDENT HOUSING REVOLUCNI 767/25 PRAHA 1 EZ LEASING 565984 PERPETUM AS MOSTECKA 12 PRAHA 1 EZ OFFICE SPACE VENDOR 512978 C R LUTZKE LLC 524 KINGSWORTH LN SE LELAND NC 28451 CONSTRUCTION 414963 SALISBURY & MOORE CONSTRUCTION INC 8320 LITCHFORD RD STE 124 RALEIGH NC 27615 CONSTRUCTION 107341 4 5625000 5625000 PROGRAM REVENUES 900099 3615855 3615855 LINC 541700 900929 900929 WIN, LLC 900099 174600 174600 4691384 769357 769357 314553 0 314553 314553 314553 458 0 458 458 458 621200 405831 215369 215369 GOLF COURSE 713910 2064380 2064380 2064380 13680501 4691384 2279749 1084368 X 5625000 5625000 104758 104758 176023 176023 1832528 1832528 6078 6078 537454 537454 137093 137093 1318005 1318005 118614 118614 REPAIRS & MAINTENANCE 849313 849313 SERVICES & FEES 665592 665592 CLUBHOUSE EXPENSE 619458 619458 LINC 353238 353238 576475 339348 237127 12919629 12139936 779693 0 3679615 5458643 10661024 668472 273122 300127 272047 268288 23662175 3975028 22809203 19687147 3012155 33455 17336144 37728466 46730976 292565 207301 10200594 17206811 2785750 2785750 3247721 3200121 16526630 23399983 X 21201836 23330993 0 0 0 0 21201836 23330993 37728466 46730976 X 760872 1368285 X 0 1 X 1 0 X X 1 NORTH CAROLINA STATE UNIVERSITY 566000756 2 1 11505872 0 1 11505872 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12731558 12731558 8362182 2741322 5620860 1844786 827100 1017686 688494 406606 281888 35155 35155 19687147 LEASES RECEIVABLE 17336144 17336144 LEASE LIABILITIES 3056225 ACCOUNTS PAYABLE TO AFFILIATED ENTITIES 143896 3200121 X 15454617 1774116 1774116 13680501 0 13680501 13325460 405831 405831 12919629 0 12919629 PART X, LINE 2: THE CORPORATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. INCOME GENERATED BY ACTIVITIES THAT WOULD BE CONSIDERED UNRELATED TO THE CORPORATION'S MISSION WOULD BE SUBJECT TO TAX WHICH, IF INCURRED, WOULD BE RECOGNIZED AS A CURRENT EXPENSE. THE CORPORATION HAD NO SUCH TAXABLE UNRELATED TRADE OR BUSINESS INCOME FOR FISCAL YEARS 2025 AND 2024. THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE CORPORATION AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE CORPORATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE ("IRS"). MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CORPORATION, AND HAS CONCLUDED THAT AS OF JUNE 30, 2025, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE CORPORATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES THE CORPORATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR TAX YEARS PRIOR TO 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES REPORTED ON PART VIII 405,831. TRANSFER OF FUNDS FROM ASSOCIATED ENTITY 1,368,285. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES REPORTED ON PART VIII 405,831. EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 LEASE ACTIVITY STUDENT HOUSING LEASE EXPENSE 1063018 0 0 0 0 0 0 1063018 0 1063018 0 0 0 0 0 0 PART I, LINE 3: THE ORGANIZATION REPORTS EXPENDITURES FOR FOREIGN ACTIVITIES ON THE ACCRUAL BASIS OF ACCOUNTING. 1 NORTH CAROLINA STATE UNIVERSITY NCSU BOX 7205 RALEIGH NC 27695 566035544 115(1) 5625000 0 TO SUPPORT THE CREATION OF THE BEZOS CENTER FOR ALTERNATIVE PROTEIN BIOMANUFACTURING THAT WILL FOCUS ON TRANSFORMING SCIENCE AND TECHNOLOGY FOR SCALE UP BIOMANUFACTURING TO ACCELERATE THE LAB-TO-TABLE TRANSLATION OF VARIOUS TYPES OF ALTERNATIVE PROTEINS THAT ARE TASTY, HEALTHY, ECO-FRIENDLY, AFFORDABLE AND ACCESSIBLE THROUGH COMPLEMENTARY RESEARCH, WORKFORCE DEVELOPMENT, AND CAPACITY BUILDING EFFORTS. 1 0 PART I, LINE 2: NC STATE UNIVERSITY PARTNERSHIP CORPORATION SOLELY SUPPORTS NORTH CAROLINA STATE UNIVERSITY AND FUNDS ARE CONSTANTLY MONITORED TO VERIFY THAT THEY ARE SPENT AS DESIGNATED. 0 0 0 0 0 0 0 0 0 WARWICK A ARDEN VICE PRESIDENT 0 519963 0 0 0 0 0 48495 0 8095 0 576553 0 0 CHARLES A MAIMONE TREASURER 0 426300 0 0 0 0 0 104541 0 8095 0 538936 0 0 DANA R HARRIS PRESIDENT/EXECUTIVE DIRECTOR 0 290290 0 0 0 0 0 71187 0 8095 0 369572 0 0 ALYSON WILSON SECRETARY UNTIL 6/27/2025 0 294951 0 0 0 0 0 41352 0 8095 0 344398 0 0 PART I, LINE 3 THE BOARD OF DIRECTORS AND OFFICERS OF NC STATE UNIVERSITY PARTNERSHIP CORP THAT RECEIVE COMPENSATION ARE COMPENSATED BY NC STATE UNIVERSITY, A 115(1) ORGANIZATION RELATED TO NC STATE UNIVERSITY PARTNERSHIP CORP. 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 A, LINE 7A FOUR (4) MEMBERS OF THE BOARD SHALL SERVE EX OFFICIO ("EX OFFICIO MEMBERS OR INDIVIDUALLY, "EX OFFICIO MEMBER") BASED ON THEIR POSITIONS WITH THE UNIVERSITY: 1. PROVOST AND EXECUTIVE VICE CHANCELLOR (OR PERSON RESPONSIBLE FOR THE DUTIES THEREOF REGARDLESS OF POSITION TITLE) 2. VICE CHANCELLOR, FINANCE AND ADMINISTRATION (OR PERSON RESPONSIBLE FOR THE DUTIES THEREOF REGARDLESS OF POSITION TITLE) 3. VICE CHANCELLOR, RESEARCH AND INNOVATION (OR PERSON RESPONSIBLE FOR THE DUTIES THEREOF REGARDLESS OF POSITION TITLE)4. ASSOCIATE VICE CHANCELLOR, FINANCE AND UNIVERSITY TREASURER (OR PERSON RESPONSIBLE FOR THE DUTIES THEREOF REGARDLESS OF POSITION TITLE) WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, AT LEAST ONE (1) SENIOR ACADEMIC OFFICER OR SENIOR ADMINISTRATIVE OFFICER OF THE UNIVERSITY OR A DESIGNEE OF THE CHANCELLOR OF THE UNIVERSITY MUST SIT AS AN EX-OFFICIO VOTING OR REGULAR MEMBER OF THE BOARD AND ANY STANDING COMMITTEE OR OTHER COMMITTEE THAT HAS DELEGATED AUTHORITY TO ACT ON BEHALF OF THE BOARD. ADDITIONAL MEMBERS OF THE BOARD SHALL CONSIST OF INDIVIDUALS APPOINTED BY THE CHANCELLOR WHO SHALL SERVE TERMS AS DESIGNATED BY THE CHANCELLOR. ANY APPOINTED DIRECTOR MAY BE REMOVED FROM OFFICE AT WILL BY THE CHANCELLOR. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT FORM 990 IS REVIEWED BY THE ENTIRE BOARD AT THE ANNUAL PARTNERSHIP BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY PROVIDES THAT (A) ALL TRANSACTIONS (OTHER THAN EXPENSE REIMBURSEMENTS) BETWEEN NC STATE UNIVERSITY PARTNERSHIP CORP AND AN OFFICER, DIRECTOR, OR EMPLOYEE OF NC STATE UNIVERSITY PARTNERSHIP CORP MUST BE APPROVED BY THE NC STATE UNIVERSITY PARTNERSHIP CORP BOARD; (B) NO NC STATE UNIVERSITY PARTNERSHIP CORP OFFICER, DIRECTOR OR EMPLOYEE HAVING A PRIVATE BUSINESS INTEREST IN A NC STATE UNIVERSITY PARTNERSHIP CORP BUSINESS TRANSACTION MAY BE INVOLVED IN THE DECISION WITH RESPECT TO WHETHER NC STATE UNIVERSITY PARTNERSHIP CORP SHOULD ENTER INTO SUCH TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS AND OFFICERS OF NC STATE UNIVERSITY PARTNERSHIP CORP THAT RECEIVE COMPENSATION ARE COMPENSATED BY NC STATE UNIVERSITY, A 115(1) ORGANIZATION RELATED TO NC STATE UNIVERSITY PARTNERSHIP CORP. 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/NC-STATE-UNIVERSITY-PARTNERSHIP-CORPORATIO N/. OTHER GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 1,832,528. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,832,528. FORM 990, PART XI, LINE 9: TRANSFER OF FUNDS FROM ASSOCIATED ENTITY 1,368,285. FORM 990, ITEM J - WEBSITE: HTTPS://AEOPERATIONS.OFA.NCSU.EDU/NC-STATE-UNIVERSITY-PARTNERSHIP-CORPOR ATION/ NC STATE UPFIT LLC CAMPUS BOX 7207 RALEIGH NC 27695 561444287 DEVELOP, OWN & UPFIT FACILITIES ON CENTENNIAL CAMPUS NC 164540 95785 NC STATE UNIVERSITY PARTNERSHIP CORP NC STATE UNIVERSITY CENTENNIAL DEVELOPMENT LLC CAMPUS BOX 7207 RALEIGH NC 27695 261979340 CONSTRUCT, OWN & OPERATE GOLF COURSE NC 3462312 18820332 NC STATE UNIVERSITY PARTNERSHIP CORP BELL TOWER HOLDINGS LLC CAMPUS BOX 7207 RALEIGH NC 27695 561444287 ACQUIRE, DEVELOP, AND MANAGE OWNERSHIP OF REAL PROPERTY NC 164594 4871951 NC STATE UNIVERSITY PARTNERSHIP CORP NC STATE CC HOLDINGS I LLC CAMPUS BOX 7207 RALEIGH NC 27695 561444287 DEVELOP, HOLD, SELL LAND AND FACILITIES ON CENTENNIAL CAMPUS NC 3067078 19000260 NC STATE UNIVERSITY PARTNERSHIP CORP NC STATE CBC LAND I LLC CAMPUS BOX 7207 RALEIGH NC 27695 561444287 DEVELOP, HOLD, SELL LAND AND FACILITIES ON CENTENNIAL CAMPUS NC 16 14249 NC STATE UNIVERSITY PARTNERSHIP CORP LEADERS IN INNOVATION AND NONWOVENS COMMERCIALIZATION LLC CAMPUS BOX 7207 RALEIGH NC 27695 561444287 FACILITATE COMMERCIALIZATION OF NCSU NONWOVENS INSTITUTE TECHNOLOGIES NC 914786 735998 NC STATE UNIVERSITY PARTNERSHIP CORP WOLFPACK INVESTOR NETWORK LLC CAMPUS BOX 7207 RALEIGH NC 27695 561444287 CONNECTS THE NC STATE ALUMNI NETWORK WITH THE NC STATE ENTREPRENEURIAL COMMU NC 174644 34046 NC STATE UNIVERSITY PARTNERSHIP CORP C2I LLC CAMPUS BOX 7207 RALEIGH NC 27695 561444287 SEE PART VII NC 309014 64375 NC STATE UNIVERSITY PARTNERSHIP CORP NC STATE RESEARCH LLC CAMPUS BOX 7207 RALEIGH NC 27695 561444287 MANAGE RESEARCH RELATED OPERATIONS NC 5625026 3653 NC STATE UNIVERSITY PARTNERSHIP CORP THE NORTH CAROLINA AGRICULTURAL FOUNDATION INC NCSU BOX 7207 RALEIGH NC 27695 566049304 SUPPORTS THE COLLEGE OF AGRICULTURAL & LIFE SCIENCES AT NCSU NC 501(C)(3) LINE 5 N/A 0 NC STATE ENGINEERING FOUNDATION INC 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 NATURAL RESOURCES FOUNDATION INC NCSU BOX 7207 RALEIGH NC 27695 560653350 SUPPORT ORGANIZATION OF NC STATE UNIVERSITY NC 501(C)(3) LINE 5 N/A 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 NC STATE UNVERSITY COLLEGE OF SCIENCES FOUNDATION INC NCSU BOX 7207 RALEIGH NC 27695 581524289 SUPPORTS THE COLLEGE OF SCIENCES AT NCSU NC 501(C)(3) LINE 5 N/A 0 NORTH CAROLINA VETERINARY MEDICAL FOUNDATION INC 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 NC STATE UNVERSITY 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 STATE UNIVERSITY NCSU BOX 7207 RALEIGH NC 27695 566000756 EDUCATION NC 115(1) N/A N/A 0 NC STATE UNVERSITY STUDENT AID ASSOCIATION NCSU BOX 37100 RALEIGH NC 27627 560650623 SUPPORTS ATHLETIC PROGRAM AT NCSU NC 501(C)(3) LINE 5 N/A 0 NC STATE INVESTMENT FUND INC NCSU BOX 7207 RALEIGH NC 27695 311607634 INVESTS FUNDS OF NC STATE ENDOWMENT & RELATED ENTITIES NC 501(C)(3) LINE 12A, I NORTH CAROLINA STATE UNIVERSITY 0 NORTH CAROLINA TEXTILE FOUNDATION NCSU BOX 8301 RALEIGH NC 27695 566045324 AIDS EDUCATION AND RESEARCH IN THE COLLEGE OF TEXTILES OF NCSU NC 501(C)(3) LINE 5 N/A 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 5625000 FMV PART I, IDENTIFICATION OF DISREGARDED ENTITIES: NAME OF DISREGARDED ENTITY: C2I, LLC PRIMARY ACTIVITY: ACTS AS AN INTERMEDIARY BETWEEN THE UNIVERISTY AND PRIVATE PARTIES IN CONNECTION WITH CERTAIN REAL ESTATE OPERATIONS/TRANSACTIONS.