2026-01-21T07:10:22-06:00 2025-06-30 593204548 JAMES MOORE & CO PL 5931 NW 1ST PL GAINESVILLE FL 326072063 990 2024-07-01 566045324 NORTH CAROLINA TEXTILE FOUNDATION INC NORT 9195137149 NCSU BOX 7207 RALEIGH NC 276957207 ERIN DELEHANTY ASSISTANT TREASURER 9195137149 2026-01-14 1 1 KEN KURDZIEL P00060407 3523781331 2026-01-14 2024 2025-03-06 01:10:19Z ERIN DELEHANTY NCSU BOX 7207 RALEIGH NC 276957207 24248556 0 X SEE SCHEDULE O X 1942 NC TO ADVANCE WILSON COLLEGE OF TEXTILES THROUGH ENGAGEMENT, PARTNERSHIP AND PHILANTHROPY. 21 20 19 20 0 0 5942600 9413444 15921 8016 950242 2028789 0 0 6908763 11450249 1785557 2370367 0 0 781978 791622 0 0 644251 2139182 2304554 4706717 5466543 2202046 5983706 92800052 104571165 395475 356216 92404577 104214949 X TO ADVANCE WILSON COLLEGE OF TEXTILES THROUGH ENGAGEMENT, PARTNERSHIP AND PHILANTHROPY. AS A CHARITABLE ORGANIZATION, THE FOUNDATION SUPPORTS THE COLLEGE AND DEAN OF THE COLLEGE AND SUCH SUPPORT SHALL INCLUDE BUT IS NOT LIMITED TO PROVIDING FUNDS FOR SCHOLARSHIPS TO DESERVING UNDERGRADUATE AND GRADUATE STUDENTS; RECRUITMENT AND RETENTION OF HIGHLY QUALIFIED STUDENTS, EDUCATORS AND RESEARCHERS; AND PLACEMENT OF GRADUATES. THE FOUNDATION ALSO ASSISTS IN THE ACQUISITION AND MAINTENANCE OF STATE-OF-THE-ART EQUIPMENT AND FACILITIES FOR RESEARCH AND EDUCATION. 0 0 4031588 2370367 8016 THE FOUNDATION SUPPORTS THE COLLEGE OF TEXTILES AT NORTH CAROLINA STATE UNIVERSITY THROUGH GRANTS FOR FACILITIES, FACULTY, FELLOWSHIPS, SCHOLARSHIPS AND EQUIPMENT. 4031588 1 1 0 0 0 0 0 0 0 1 1 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 0 0 19 1 0 0 0 0 0 0 0 0 0 0 0 0 X 21 20 0 0 1 0 0 1 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 AMY BIRCHER BRUYN DIRECTOR 1.00 0.00 X 0 0 0 TAMMY BUCKNER DIRECTOR 1.00 0.00 X 0 0 0 ELIZABETH C CALABRESE VICE PRESIDENT 1.00 0.00 X X 0 0 0 JOHNNY L CHAPMAN JR DIRECTOR 1.00 0.00 X 0 0 0 RICK ELMORE DIRECTOR 1.00 0.00 X 0 0 0 CHARLES FLYNT JR DIRECTOR 1.00 0.00 X 0 0 0 DENNIS GOFF DIRECTOR 1.00 0.00 X 0 0 0 MATTHEW GRIFFITH DIRECTOR 1.00 0.00 X 0 0 0 CHARLES HEILIG III DIRECTOR 1.00 0.00 X 0 0 0 DAVID HINKS DIRECTOR 1.00 40.00 X 0 312569 51930 WESLEY HORNE DIRECTOR 1.00 0.00 X 0 0 0 KENNETH T HUGGINS TREASURER 1.00 0.00 X X 0 0 0 ELAINE HUGHES DIRECTOR 1.00 0.00 X 0 0 0 SHERRY MCCRAW DIRECTOR 1.00 0.00 X 0 0 0 MINDY OAKLEY DIRECTOR 1.00 0.00 X 0 0 0 LEIB OEHMIG SECRETARY 1.00 0.00 X X 0 0 0 PRASHANT PRABHU DIRECTOR 1.00 0.00 X 0 0 0 GEORGE RAGSDALE DIRECTOR 1.00 0.00 X 0 0 0 MELISSA STEWART DIRECTOR 1.00 0.00 X 0 0 0 BRENDAN SULLIVAN DIRECTOR 1.00 0.00 X 0 0 0 NANCY WEBSTER PRESIDENT 1.00 0.00 X X 0 0 0 ROBIN PERKINS DIRECTOR UNTIL 11/30/24 1.00 0.00 X 0 0 0 ERIN DELEHANTY ASST. TREASURER 1.00 40.00 X 0 193638 55581 DANA R HARRIS ASST. TREASURER 1.00 40.00 X 0 290290 79282 MICHAEL WARD EXECUTIVE DIRECTOR 1.00 40.00 X 0 205771 56103 0 1002268 242896 0 0 1 0 CAPITAL PRODUCTION GROUP 1300 HODGES ST RALEIGH NC 27804 AV EQUIPMENT RENTAL 156371 1 9413444 229710 9413444 SCHOLARSHIP & ENRICHMENT REPAYMEN 900099 8016 8016 8016 597668 597668 14229428 12798307 1431121 1431121 1431121 11450249 8016 0 2028789 2370367 2370367 791622 657501 134121 50 50 47000 47000 33465 33465 208661 34049 174612 6333 6333 114639 102855 7777 4007 1123 1123 116439 85138 31301 105447 33782 96 71569 609 609 91493 80537 10956 SERVICES & FEES 928396 767805 15116 145475 EQUIPMENT RENTAL & MAIN 258728 256542 1611 575 SUPPLIES 211496 155110 13708 42678 DEPARTMENTAL EQUIPMENT 85983 84013 522 1448 94692 53325 2902 38465 5466543 4031588 790704 644251 0 5633520 12836473 4860470 9573652 59454 1067 14566 14059 1116 507 3555438 1691010 78572181 80365381 117873 103075 92800052 104571165 395475 356216 395475 356216 X 5393287 5960830 87011290 98254119 92404577 104214949 92800052 104571165 X 5983706 5828051 -1385 X 0 1 X 1 0 X 2100983 3009247 2407459 5942600 9413444 22873733 103000 103000 2100983 3009247 2407459 5942600 9516444 22976733 11056020 11920713 506495 625541 515036 593317 597668 2838057 25814790 137555 0.46180 0.63430 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 75677780 1133188 7280457 3827077 80264348 70567484 699421 7111426 2700551 75677780 77024896 295806 1582272 8335490 70567484 85522562 642028 -5352699 3786995 77024896 65386433 5602025 17784075 3249971 85522562 0.00740 0.64638 0.34622 0 0 14566 14059 507 507 NC STATE INVESTMENT FUND 67660566 F LIFE INCOME FUNDS 311801 F BBH PRIVATE MARKET FUNDS 12393014 F 80365381 ACCOUNTS PAYABLE TO ASSOCIATED ENTITIES 21639 LIFE INCOME FUNDS PAYABLE 334577 356216 X 17346450 5828051 103000 -1385 5929666 11416784 33465 33465 11450249 5536078 103000 103000 5433078 33465 33465 5466543 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF APPROXIMATELY 130 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES RELATED TO THE MISSION OF THE UNIVERSITY. 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: INCOME TAXES AND UNCERTAIN TAX POSITIONS: 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 INTEREST AGREEMENTS -1,385. 1 NORTH CAROLINA STATE UNIVERSITY NCSU BOX 7207 RALEIGH NC 27695 566000756 115(1) 2370367 0 TO PROVIDE FOR STUDENT SCHOLARSHIPS, FUND RESEARCH AND PROFESSORSHIPS AND ASSIST WITH CAPITAL PURCHASES. 1 0 PART I, LINE 2: THE FOUNDATION DETERMINES THE AMOUNT OF THE GRANT TO THE COLLEGE BASED ON THE FAIR MARKET VALUE OF ENDOWMENT FUNDS AND MONITORS THE DISBURSEMENT OF THE GRANT THROUGH MONTHLY REPORTS RECEIVED FROM THE COLLEGE. 0 0 0 0 0 0 0 0 0 DANA R HARRIS ASST. TREASURER 0 290290 0 0 0 0 0 71187 0 8095 0 369572 0 0 DAVID HINKS DIRECTOR 0 312569 0 0 0 0 0 43835 0 8095 0 364499 0 0 MICHAEL WARD EXECUTIVE DIRECTOR 0 195771 0 0 0 10000 0 48008 0 8095 0 261874 0 0 ERIN DELEHANTY ASST. TREASURER 0 193638 0 0 0 0 0 47486 0 8095 0 249219 0 0 PART I, LINE 3 THE BOARD MEMBERS THAT ARE COMPENSATED RECEIVE COMPENSATION FROM NC STATE UNIVERSITY, A 115(1) ORGANIZATION RELATED TO THE NORTH CAROLINA TEXTILE FOUNDATION, INC. THE BOARD MEMBERS THAT ARE COMPENSATED RECEIVE COMPENSATION FROM NC STATE UNIVERSITY, A 115(1) ORGANIZATION RELATED TO THE NORTH CAROLINA TEXTILE FOUNDATION, INC. THE EXECUTIVE DIRECTOR AND OTHER EMPLOYEES ARE PAID BY RELATED ORGANIZATION (COLLEGE OF TEXTILES, NC STATE UNIVERSITY). THE COLLEGE DETERMINES THE COMPENSATION OF THE EMPLOYEES BASED ON STATE PAY GRADES AND BUDGETARY CONSIDERATIONS. X 8 229710 FMV 0 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-TEXTILE-FOUNDATION-INC/ FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION AMENDED ITS BYLAWS AS OF 4-25-2025. SIGNIFICANT CHANGES ARE AS FOLLOWS: 1. ADDITION OF ARTICLE V: NORTH CAROLINA STATE INVESTMENT FUND MEMBERSHIP WHICH STATES THAT THE NORTH CAROLINA TEXTILE FOUNDATION (NCTF) BOARD WILL BE REPRESENTED ON THE NORTH CAROLINA STATE INVESTMENT FUND (NCSIF) MEMBERS BOARD. THE MEMBERS BOARD PROVIDES GOVERNANCE AND OVERSIGHT TO THE NC STATE INVESTMENT FUND. THE MEMBERS BOARD'S ROLE INCLUDES APPROVING GOVERNANCE DOCUMENTS INCLUDING BYLAWS, OPERATING AGREEMENTS, PARTICIPANT AGREEMENTS, ASSET-BASED FEES, AND OTHER POLICIES, AS IT RELATES TO THE NCSIF. SHOULD A MEMBER OF THE NCTF BOARD BE ELECTED TO THE NCSIF BOARD OF DIRECTORS, A SECOND NCTF BOARD MEMBER WILL BE APPOINTED TO SERVE ON THE MEMBER'S BOARD. 2. UPDATED TERMS OF SERVICE FOR ELECTED DIRECTORS: EACH ELECTED DIRECTOR MAY SERVE UP TO THREE (3) CONSECUTIVE FOUR (4)-YEAR TERMS, FOR A TOTAL OF TWELVE (12) YEARS. IN THE FINAL YEAR OF EACH FOUR (4)-YEAR TERM, AN ELECTED DIRECTOR MAY BE CONSIDERED FOR AN ADDITIONAL FOUR (4)-YEAR TERM IN CONSULTATION WITH THE MEMBERSHIP & EDUCATION COMMITTEE. APPROVAL TO SERVE AN ADDITIONAL TERM REQUIRES A MAJORITY VOTE OF THE BOARD. THIS PROCESS TAKES PLACE BETWEEN EACH FOUR (4)-YEAR TERM. EXCEPTIONS TO THESE TERM LIMITS MAY BE GRANTED THROUGH A BOARD-APPROVED WAIVER. SUCH EXCEPTIONS REQUIRE A MAJORITY VOTE OF THE BOARD AND ARE CONSIDERED ONLY UNDER SPECIAL CIRCUMSTANCES THAT JUSTIFY EXTENDED SERVICE, INCLUDING BUT NOT LIMITED TO BOARD OFFICERS AND COMMITTEE CHAIRS. 3. THE PRESIDENT IS NO LONGER REQUIRED TO REVIEW AND APPROVE THE EXPENSE REPORTS OF THE EXECUTIVE DIRECTOR. 4. THE FINANCE COMMITTEE SHALL MANAGE THE ENDOWMENT DISTRIBUTION PROCESS TO THE COLLEGE. 5. CLARIFICATION OF MEETINGS: THE FALL MEETING IS DESIGNATED AMONG OTHER THINGS FOR ELECTION OF OFFICERS AND NEW BOARD MEMBERS. THE SPRING MEETING IS DESIGNATED AMONG OTHER THINGS FOR APPROVING THE NCTF OPERATING BUDGET AND THE ENDOWMENT DISTRIBUTION TO THE COLLEGE. FORM 990, PART VI, SECTION A, LINE 7A AT LEAST ONE SENIOR ACADEMIC OFFICER OR SENIOR ADMINISTRATIVE OFFICER OF NORTH CAROLINA STATE UNIVERSITY ("UNIVERSITY") OR A DESIGNEE OF THE CHANCELLOR OF THE UNIVERSITY SHALL SERVE AS AN EX-OFFICIO DIRECTOR AND SUCH DIRECTORS SHALL BE REFERRED TO AS "UNIVERSITY EX-OFFICIO DIRECTORS". THE UNIVERSITY EX-OFFICIO DIRECTOR SHALL BE A VOTING POSITION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE AND A COPY OF THE FORM 990 IS PROVIDED TO ALL MEMBERS OF THE GOVERNING BODY PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO REVIEW AND SIGN THE CONFLICT OF INTEREST POLICY AT EACH BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD MEMBERS THAT ARE COMPENSATED RECEIVE COMPENSATION FROM NC STATE UNIVERSITY, A 115(1) ORGANIZATION RELATED TO THE NORTH CAROLINA TEXTILE FOUNDATION, INC. THE EXECUTIVE DIRECTOR AND OTHER EMPLOYEES ARE PAID BY A RELATED ORGANIZATION (COLLEGE OF TEXTILES, NC STATE UNIVERSITY). THE COLLEGE DETERMINES THE COMPENSATION OF THE EMPLOYEES BASED ON STATE PAY GRADES AND BUDGETARY CONSIDERATIONS. 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 ORGANIZATION MAKES THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ONLINE OR UPON WRITTEN REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -1,385. 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 NC STATE UNIVERSITY 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 NC STATE ENGINEERING FOUNDATION 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 NCSU BOX 7207 RALEIGH NC 27695 560653350 SUPPORTS THE COLLEGE OF NATURAL RESOURCES AT NCSU 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 UNIVERSITY COLLEGE OF SCIENCES 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 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 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 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 NORTH CAROLINA STATE UNIVERSITY NCSU BOX 7207 RALEIGH NC 27695 566000756 EDUCATION NC 115(1) N/A N/A 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 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 NORTH CAROLINA STATE UNIVERSITY B 2370367 FMV NORTH CAROLINA STATE UNIVERSITY P 2452843 FMV