2026-01-21T07:10:10-06:00 2025-06-30 593204548 JAMES MOORE & CO PL 5931 NW 1ST PL GAINESVILLE FL 326072063 990 2024-07-01 581524289 NORTH CAROLINA STATE UNIVERSITY COLLEGE OF SCIENCES FOUNDATION INC NORT 9195137149 NCSU BOX 7207 RALEIGH NC 276957207 ERIN DELEHANTY ASSISTANT TREASURER 9195137149 2025-12-19 1 1 KEN KURDZIEL P00060407 3523781331 2025-12-19 2024 2025-03-06 01:10:19Z ERIN DELEHANTY NCSU BOX 7207 RALEIGH NC 276957207 7375791 0 X SEE SCHEDULE O X 1983 NC PROVIDE FINANCIAL SUPPORT FOR ALL TYPES OF EDUCATION AND RESEARCH WITHIN THE COLLEGE OF SCIENCES AT NORTH CAROLINA STATE UNIVERSITY. 19 18 4 50 0 0 2092783 2503961 0 0 997156 1116619 328304 243834 3418243 3864414 966696 1114041 0 0 252015 273374 0 0 387344 968355 893918 2187066 2281333 1231177 1583081 45497415 50230840 755127 741344 44742288 49489496 PROVIDE FINANCIAL SUPPORT FOR ALL TYPES OF EDUCATION AND RESEARCH WITHIN THE COLLEGE OF SCIENCES AT NORTH CAROLINA STATE UNIVERSITY. 0 0 1840235 1114041 PROVIDES FINANCIAL SUPPORT FOR ALL TYPES OF EDUCATION AND RESEARCH WITHIN THE COLLEGE OF SCIENCES AT NORTH CAROLINA STATE UNIVERSITY. 1840235 1 1 0 0 0 0 0 0 0 1 0 1 0 0 1 1 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 1 0 0 0 1 1 0 1 4 1 0 0 0 0 0 0 0 0 0 0 0 0 X 19 18 0 0 0 0 0 0 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 DANA R HARRIS TREASURER 1.00 40.00 X X 0 290290 79282 AMY ROBERTSON VICE CHAIR; CHAIR SINCE 1/1/2025 1.00 0.00 X X 0 0 0 WILLIAM TRENT III DIRECTOR; VICE CHAIR SINCE 1/1/2025 1.00 0.00 X X 0 0 0 SHARON PRESNELL CHAIR; IMM. PAST CHAIR SINCE 1/1/25 1.00 0.00 X X 0 0 0 MICHAEL BROOKS DIRECTOR 1.00 0.00 X 0 0 0 CHARLES CASE DIRECTOR 1.00 0.00 X 0 0 0 RONALD M CERNIGLIA DIRECTOR SINCE 1/1/2025 1.00 0.00 X 0 0 0 L ALLEN DOBSON JR DIRECTOR SINCE 1/1/2025 1.00 0.00 X 0 0 0 EMILY GORDON DIRECTOR 1.00 0.00 X 0 0 0 WILLIAM FLEMING DIRECTOR 1.00 0.00 X 0 0 0 ROBERT IVES DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL LUTHER DIRECTOR 1.00 0.00 X 0 0 0 BARBARA PRILLAMAN DIRECTOR 1.00 0.00 X 0 8667 0 BENTON SWATTERFIELD JR DIRECTOR 1.00 0.00 X 0 0 0 ALEJANDRA SCOTT DIRECTOR 1.00 0.00 X 0 0 0 AIMEE SMART DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL STOCUM DIRECTOR 1.00 0.00 X 0 0 0 GARNET WHITEHURST DIRECTOR 1.00 0.00 X 0 0 0 SAUNDRA W WILLIAMS DIRECTOR SINCE 1/1/2025 1.00 0.00 X 0 0 0 SETH CARRUTHERS DIRECTOR UNTIL 12/31/24 1.00 0.00 X 0 0 0 RODERIC HUGHES-OLIVER DIRECTOR UNTIL 12/31/24 1.00 0.00 X 0 0 0 ANITA MCCLERNON DIRECTOR UNTIL 12/31/24 1.00 0.00 X 0 0 0 ROBERT STARBUCK DIRECTOR UNTIL 12/31/24 1.00 0.00 X 0 0 0 WALTER TURNER JR DIRECTOR UNTIL 12/31/24 1.00 0.00 X 0 0 0 ERIN DELEHANTY ASSISTANT TREASURER 1.00 40.00 X 0 193638 55581 TINA MORRISON PRESIDENT 1.00 40.00 X 0 170660 49412 ALEX BYRD-SAWAIA SECRETARY 1.00 40.00 X 0 94011 31142 DASA SEWILL ASSISTANT SECRETARY 1.00 40.00 X 0 62769 23485 0 820035 238902 0 0 1 0 0 2503961 120019 2503961 194152 194152 234231 234231 4300388 133456 3385293 126084 915095 7372 922467 922467 OTHER INCOME 611710 9603 9603 9603 3864414 0 0 1360453 1114041 1114041 273374 273374 6754 6754 47000 47000 14358 11123 3235 41822 36749 5073 4332 1930 2402 57401 49110 8291 54489 25814 28675 5868 5868 SERVICES & FEES 440170 400123 40047 SUPPLIES 115637 103020 12617 PRINTING & BINDING 34022 26960 7062 EQUIPMENT RENTAL & MAIN 28002 27302 700 44063 44063 2281333 1840235 53754 387344 7899305 9155614 476207 330346 18139 123440 36976314 40740707 4010 4173 45497415 50230840 2611 755127 738733 755127 741344 X 2703941 3279952 42038347 46209544 44742288 49489496 45497415 50230840 X 1583081 3203038 -38911 X 0 1 X 1 0 X 2171728 2727199 1431791 2092783 2503961 10927462 386000 386000 2171728 2727199 1431791 2092783 2889961 11313462 1137221 10176241 397183 378964 384409 448240 428383 2037179 5292 1707 24750 39067 9603 80419 13431060 0.75770 0.70200 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 5,292. 2021 AMOUNT: $ 1,707. 2022 AMOUNT: $ 24,750. 2023 AMOUNT: $ 39,067. 2024 AMOUNT: $ 9,603. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 36463317 1511712 3835458 1484579 40325908 32970819 915578 3845352 1268432 36463317 33062852 741198 486529 1319760 32970819 31298838 2029140 746903 1012029 33062852 22504968 745656 8729687 681473 31298838 0.02126 0.48035 0.49839 0 0 0 NC STATE INVESTMENT FUND 39861841 F LIFE INCOME FUNDS 878866 F 40740707 ACCOUNTS PAYABLE TO NCSU 7698 LIFE INCOME FUNDS PAYABLE 731035 738733 X 7414541 3203038 386000 -38911 3550127 3864414 0 3864414 2667333 386000 386000 2281333 0 2281333 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF APPROXIMATELY 190 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 FOUNDATION 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 AND 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: CHANGE IN VALUE OF SPLIT INVESTMENT -38,911. 1 NORTH CAROLINA STATE UNIVERSITY NCSU BOX 7205 RALEIGH NC 276957207 566000756 115(1) 1114041 0 SCHOLARSHIPS, FACULTY SUPPORT, DEPARMENTAL SUPPORT AND FACILITY SUPPORT 1 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 ERIN DELEHANTY ASSISTANT TREASURER 0 193638 0 0 0 0 0 47486 0 8095 0 249219 0 0 TINA MORRISON PRESIDENT 0 168484 0 0 0 2176 0 41317 0 8095 0 220072 0 0 PART I, LINE 3 THE BOARD OF DIRECTORS AND OFFICERS OF NORTH CAROLINA STATE UNIVERSITY COLLEGE OF SCIENCES FOUNDATION THAT RECEIVE COMPENSATION ARE COMPENSATED BY NC STATE UNIVERSITY, A 115(1) ORGANIZATION RELATED TO NORTH CAROLINA STATE UNIVERSITY COLLEGE OF SCIENCES 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 5 120019 FMV 1 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/NORTH-CAROLINA-STATE-UNIVERSITY-COLLEG E-OF-SCIENCES-FOUNDATION-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 VI, SECTION A, LINE 1A THE BOARD OF DIRECTORS OF THE CORPORATION SHALL ELECT AN EXECUTIVE COMMITTEE CONSISTING OF THE CHAIRPERSON, VICE CHAIRPERSON, PRESIDENT, TREASURER, IMMEDIATE PAST CHAIRPERSON, AND UP TO FOUR OTHER MEMBERS OF THE BOARD OF DIRECTORS WHOSE TERMS ON THE EXECUTIVE COMMITTEE SHALL COINCIDE WITH THE TERMS OF THEIR RESPECTIVE OFFICES OR DESIGNATIONS; PROVIDED FURTHER, HOWEVER, THE PRESIDENT AND THE TREASURER SHALL BE NON-VOTING MEMBERS OF THE EXECUTIVE COMMITTEE UNLESS THEY ARE ALSO MEMBERS OF THE BOARD. THE EXECUTIVE COMMITTEE SO APPOINTED, IN THE INTERIMS BETWEEN THE MEETINGS OF THE BOARD OF DIRECTORS, SHALL EXERCISE ALL THE POWERS OF THE CORPORATION, INCLUDING ALL OF THE POWERS THAT HAVE BEEN CONFERRED UPON IT OR UPON THE BOARD OF DIRECTORS, EXCEPT THAT THE EXECUTIVE COMMITTEE SHALL HAVE NO POWER OR AUTHORITY TO ALTER, AMEND, OR RESCIND THE BY-LAWS 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 IF ANY MATTER SHOULD COME BEFORE THE BOARD, OR ANY OF ITS COMMITTEES, IN SUCH A WAY AS TO GIVE RISE TO A CONFLICT OF INTEREST UNDER N.C. GEN. STAT. 55A-8-31 (AS AMENDED FROM TIME TO TIME OR THE CORRESPONDING PROVISION OF ANY FUTURE LAW), ANY INTERESTED DIRECTOR SHALL MAKE FULL DISCLOSURE OF THE MATERIAL FACTS OF THE MATTER AND THE DIRECTOR'S INTEREST INVOLVING THE CONFLICT AND, IF REQUESTED, THE INTERESTED DIRECTOR WITHDRAW FROM THE MEETING FOR SO LONG AS THE MATTER SHALL CONTINUE UNDER DISCUSSION, EXCEPT TO ANSWER ANY QUESTIONS THAT MIGHT BE ASKED REGARDING THE SITUATION. IF THE MATTER INVOLVES AN ITEM OF BUSINESS FOR WHICH A SPECIAL MEETING WAS CALLED, THE INTERESTED DIRECTOR SHALL NOT BE COUNTED TO ESTABLISH A QUORUM, NOR SHALL THE INTERESTED DIRECTOR PARTICIPATE IN THE DELIBERATION OR VOTE ON IT. FURTHERMORE, ANY CORPORATE TRANSACTION IN WHICH A DIRECTOR HAS A DIRECT OR INDIRECT INTEREST MUST BE AUTHORIZED, RATIFIED OR APPROVED IN GOOD FAITH BY A MAJORITY, NOT LESS THAN TWO OF THE DIRECTORS WHO HAVE NO DIRECT OR INDIRECT INTEREST IN THE TRANSACTION EVEN THOUGH LESS THAN A QUORUM; PROVIDED, HOWEVER, NO SUCH TRANSACTION SHALL BE AUTHORIZED, APPROVED, OR RATIFIED BY A SINGLE DIRECTOR. FOR PURPOSES OF THIS POLICY, A DIRECTOR HAS AN INDIRECT INTEREST IN A TRANSACTION IF: (A) ANOTHER ENTITY IN WHICH HE/SHE IS A GENERAL PARTNER IS A PARTY TO THE TRANSACTION; OR (B) ANOTHER ENTITY OF WHICH HE/SHE IS A DIRECTOR,OFFICER, OR TRUSTEE IS A PARTY TO THE TRANSACTION AND THE TRANSACTION IS OR SHOULD BE CONSIDERED BY THE BOARD OF THE FOUNDATION. ALL CONFLICTS OF INTEREST SHALL BE DETERMINED, ADDRESSED AND RESOLVED IN ACCORDANCE WITH N.C. GEN. STAT. 55A-8-31, AS AMENDED FROM TIME TO TIME AND THE CORRESPONDING PROVISION OF ANY FUTURE LAW. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS AND OFFICERS OF NORTH CAROLINA STATE UNIVERSITY COLLEGE OF SCIENCES FOUNDATION THAT RECEIVE COMPENSATION ARE COMPENSATED BY NC STATE UNIVERSITY, A 115(1) ORGANIZATION RELATED TO NORTH CAROLINA STATE UNIVERSITY COLLEGE OF SCIENCES 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/NORTH-CAROLINA-STATE-UNIVERSITY-COLLEGE-OF -SCIENCES-FOUNDATION-INC/. OTHER GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST A -38,911. 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 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 THE NORTH CAROLINA AGRICULTURAL FOUNDATION INC NCSU BOX 7207 RALEIGH NC 27695 566049304 SUPPORTS THE COLLEGE OF AGRICULTURE & LIFE SCIENCES 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 UNIVERSITY ALUMNI ASSOCIATION INC 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 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 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 NATURAL RESOURCES FOUNDATION INC 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 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 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 NORTH CAROLINA TEXTILE FOUNDATION INC 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 CHARITABLE REMAINDER TRUSTS (1) ASSET INVESTMENT NC NCSU COLLEGE OF SCIENCES FOUNDATION 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 1114041 FMV NORTH CAROLINA STATE UNIVERSITY P 999568 FMV