2026-05-14T09:09:07-05:00 2025-06-30 561304727 BLACKMAN & SLOOP ADVISORS INC 1414 RALEIGH ROAD SUITE 300 CHAPEL HILL NC 27517 990 2024-07-01 237410301 NORTH CAROLINA CENTRAL UNIVERSITY FOUNDATION INC NORT 9195307639 POST OFFICE BOX 52466 DURHAM NC 277172466 JASON SHERRILL ASSOCIATE DIRECTOR 9195305477 2026-05-14 1 1 ANDREA WOODELL EASON P00361629 9199428700 2024 2025-03-06 01:10:19Z FRANKIE PERRY POST OFFICE BOX 52466 DURHAM NC 277172466 25925145 0 X WWW.NCCU.EDU/IA/FOUNDATION.COM X 1972 NC TO FOSTER AND PROMOTE THE GROWTH OF HIGHER EDUCATION IN NORTH CAROLINA AT NCCU. 19 18 5 20 0 0 17190004 18309524 0 0 2644851 2691380 1887410 1336666 21722265 22337570 16493712 10689450 0 0 787583 929413 0 0 0 756524 841735 18037819 12460598 3684446 9876972 53121014 63729778 387753 628769 52733261 63101009 X THE MISSION OF THE NORTH CAROLINA CENTRAL UNIVERSITY FOUNDATION, INC., IS TO FOSTER AND PROMOTE THE GROWTH OF HIGHER EDUCATION IN NORTH CAROLINA AND SPECIFICALLY NORTH CAROLINA CENTRAL UNIVERSITY BY WHATEVER NAME IT MAY BE DESIGNATED, AND TO THAT END TO ENCOURAGE, SOLICIT, RECEIVE AND ADMINISTER GIFTS AND BEQUESTS OF PROPERTY AND TO HOLD IN TRUST ANY PROPERTY, REAL AND PERSONAL GIVEN, DEVISED, BEQUEATHED, GIVEN IN TRUST OR IN ANY OTHER WAY MADE OVER TO SAID CORPORATION FOR THE USE OR BENEFIT OF NORTH CAROLINA CENTRAL UNIVERSITY; TO INVEST OR DISBURSE ALL MONIES RECEIVED, AND GENERALLY TO CARE FOR, MANAGE, ADMINISTER AND CONTROL ALL SUCH PROPERTY RECEIVED, AND TO CARRY OUT THE WISHES AND TO SEE THAT THE FUNDS AND PROPERTY SO RECEIVED, AND TO CARRY ALLOWABLE DESIGNATIONS OF THE DONORS, AND TO PERFORM ANY ACTS AND EXPEND FUNDS NOT SPECIFICALLY DESIGNATED, IN ANY MANNER IN WHICH THE CORPORATION'S BOARD OF DIRECTORS SHALL DETERMINE WILL BE BENEFICIAL TO THE UNIVERSITY. 0 0 10689450 10689450 ADMINISTER SCHOLARSHIP FUNDS AND PROVIDE SUPPORT TO ALL DEPARTMENTS OF NORTH CAROLINA CENTRAL UNIVERSITY. 10689450 1 1 0 0 0 0 0 0 0 1 1 0 0 0 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 5 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 X 19 18 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 JASON SHERRILL 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 OMAR BANKS DIRECTOR FROM JUNE 2025 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 KARRIE G DIXON EX OFFICIO 1.00 X 0 0 0 CHRISTOPHER BOOZER DIRECTOR 1.00 X 0 0 0 SUSAN HESTER INSTITUTIONAL ADVANCEM EX-OFFICIO 2.00 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 393705 0 15031 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 ANDRE VANN EX-OFFICIO UNTIL JUNE 2025 1.00 X 0 0 0 CORNELL SLADE EX OFFICIO 1.00 X 0 0 0 JASON SHERRILL FINANCE DIRECTOR 40.00 X 193692 0 13616 587397 0 28647 2 0 1 0 0 18309524 1086495 18309524 1729764 1729764 4549191 3587575 961616 961616 961616 OTHER INCOME 900099 1336666 1336666 1336666 22337570 1336666 0 2691380 X 10689450 10689450 433951 433951 396822 396822 7832 7832 44607 44607 46201 46201 187636 187636 110886 110886 1491 1491 71943 71943 91894 91894 36084 36084 4649 4649 4654 4654 PROGRAM SUPPORT 82382 82382 SPONSORSHIPS 63309 63309 EQUIPMENT AND RENTALS 55119 55119 UNIVERSITY EXPENSE 43107 43107 88581 88581 12460598 10689450 1771148 0 4816064 9172083 5762386 8878380 223045 61384 10700 8273 164240 31408 137481 132832 36921845 39537138 2453519 3096421 2795974 2843267 53121014 63729778 151531 367070 236222 261699 387753 628769 X 2592974 3264036 50140287 59836973 52733261 63101009 53121014 63729778 X 9876972 1254905 -764129 X X 0 1 X 1 0 X 14231655 11339235 17604295 17190004 18309524 78674713 14231655 11339235 17604295 17190004 18309524 78674713 15019214 63655499 575337 526448 1041816 1368679 1729764 5242044 431597 801428 1792647 1887410 1336666 6249748 90166505 0.70600 0.65180 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER MISCELLANEOUS NON-GIFT INCOME - 2020 AMOUNT: $ 431,597. 2021 AMOUNT: $ 801,428. 2022 AMOUNT: $ 1,792,647. 2023 AMOUNT: $ 1,887,410. 2024 AMOUNT: $ 1,336,666. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 26156782 2098844 2697449 591883 517629 29843565 22273055 1675058 2916622 266557 441396 26156782 18542867 3087972 1856427 847675 366536 22273055 21367927 1987966 -3817827 590945 404254 18542867 16799758 1358344 4184632 649459 325348 21367927 0.00620 0.86060 0.13320 0 0 36389 36389 127851 31408 96443 132832 FUNDS HELD ON BEHALF OF OTHERS 261699 261699 23409839 1254905 5000 1259905 22149934 187636 187636 22337570 13042091 5000 764129 769129 12272962 187636 187636 12460598 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT FUNDS CONSIST OF APPROXIMATELY 365 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES--GENERALLY SCHOLARSHIP RELATED. PART XII, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT EXPENSE - SEE SCHEDULE O 764,129. 1 NORTH CAROLINA CENTRAL UNIVERSITY 1801 FAYETTEVILLE STREET DURHAM NC 27707 566000730 501(C)(3) 10107559 581891 FMV FOOD; ATHLETIC, RESEARCH, AND EQUIPMENT; FURNITURE; CLOTHING UNIVERSITY SUPPORT PART I, LINE 2: STAFF AT THE FOUNDATION AND THE RELATED UNIVERSITY ARE IN CHARGE OF APPROVING AND MAINTAINING SUPPORTING DOCUMENTATION OF GRANT REQUESTS AND DISBURSEMENTS. X 0 1 0 0 0 0 0 0 0 0 0 ERNEST JENKINS VICE PRESIDENT/EXECUTIVE DIRECTOR 307929 0 85776 0 0 0 9256 0 5775 0 408736 0 0 0 JASON SHERRILL FINANCE DIRECTOR 142542 0 51150 0 0 0 4350 0 9266 0 207308 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 45138 ESTIMATED VALUE X 9 504604 FAIR VALUE X EQUIPMENT 1 536753 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. PART IX: STATEMENT OF FUNCTIONAL EXPENSES: MANAGEMENT AND GENERAL EXPENSES FUNCTIONAL EXPENSES ENCOMPASS MORE THAN FOUNDATION OPERATIONS, INCLUDING UNRESTRICTED FUNDS FOR INSTITUTIONAL ADVANCEMENT, CHANCELLOR OFFICE, STUDENT CARE, AND INVESTMENT MANAGEMENT FEES FOR ENDOWMENT MANAGEMENT. FORM 990, PART XI, LINE 9: BAD DEBT EXPENSE - SEE SCHEDULE O -764,129. PART XII, LINE 2C THE AUDIT/FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT. THIS HAS NOT CHANGED FROM THE PRIOR YEAR. SCHEDULE D: PART XII, LINE 2D - OTHER ADJUSTMENTS: THE FOUNDATION'S CONSERVATIVE BAD DEBT POLICY SETS A 25% ALLOWANCE FOR RECEIVABLES WITH THIS YEAR'S PAYMENT, 80% FOR THOSE WITHOUT, AND A 3.1% DISCOUNT FOR FUTURE CURRENCY. ACTUAL UNCOLLECTED FUNDS ARE EXPECTED TO BE LOWER THAN THE ALLOWANCE.