2025-05-15T11:22:47-00:00 2024-06-30 581910650 Murphy and Company PC 1475 Klondike Road Suite 100 Conyers GA 30094 990 2023-07-01 566075899 The North Carolina A&T Real Estate Foundation Inc NORT 3364335560 PO Box 20366 Greensboro NC 274200366 Kimberly Cameron Executive Director 3364335560 2025-02-03 true Dane Alexander P01684380 4048740555 2025-02-03 2023 2025-03-06 01:10:19Z Kimberly Cameron PO Box 20366 Greensboro NC 27420 26012245 false X X 1946 NC To provide scholarships and institutional support to North Carolina ATT University students, faculty, and departments, as well as to support institutional real estate activity. 11 10 0 0 7963123 10300 25023696 26001945 0 1243015 0 34229834 26012245 2249917 0 0 4237629 3368923 0 0 27436317 21616739 33923863 24985662 305971 1026583 189272020 164220580 134678451 140436714 54593569 23783866 X The mission of the Foundation is to support North Carolina AT State Universitys quality environment of exemplary teaching and learning, scholarly and creative research, and effective community engagement and public service through the acquisition, ownership, transfer, development, and management of real estate or real estate-related projects. false false The Foundation provides direct support to the University departments by the management of fund accounts that include restricted, unrestricted, scholarships, endowments and grants. 18820921 26001945 To expand the footprint of the University and accomodate the increasing demand for student housing, the Foundation constructs, acquires, maintains, and manages student housing. 18820921 true false false false false false false false false true true true false true true true true false false false false false false false false false false false false true true false false false false false false false false false false false false false false true true false true false true 250 0 0 true true false false false false false false false false false false false X 11 10 false false false false false false false true true false false true true true true true true false true false NC X Kimberly Cameron 3364335560 P O Box 20366 Greensboro NC 27420 Harold L Martin Sr Chancellor 000.05 045.00 X 441495 0 108549 Kimberly Cameron Excecutive Director 045.00 X 178660 0 42787 Sheena Jerman Director of Real Estate 045.00 X 136814 0 32318 Jacqueline Stringfellow Director of Accounting 045.00 X 112820 0 26315 Julie Melikpor-Lee Director Program Manager of the Event Center 045.00 X 92646 0 21267 Adrienne Bain Chair 000.50 X X 0 0 0 Darrell Perry Vice Chair 000.50 X X 0 0 0 Jennifer Duru-Perry Secretary 000.50 X X 0 0 0 Daniel Lim Treasurer 000.50 X X 0 0 0 Nakira A Carter Director 000.50 X 0 0 0 Harold Cogdell Director 000.50 X 0 0 0 James Cox Director 000.50 X 0 0 0 Niketa Greene Director 000.50 X 0 0 0 Thomas E Powers III Director 000.50 X 0 0 0 Walker Sanders Director 000.50 X 0 0 0 962435 231236 5 false true false Absolute Contractors LLC P O Box 29288 Greensboro NC 274299288 Repairs and Maintenance 112250 The Spangler Group LLC 4330 Matthews Indian Trail Lane Indian Trail NC 280793780 Mold Remediation Repairs 235191 Vaco LLC 5501 Virginia Way Suite 120 Brentwood TN 37027 Contracted Accounting Services 122626 3 10300 10300 Rental Income 531110 25263872 25263872 Fee Income 738073 738073 26001945 26012245 26001945 0 0 0 0 1193671 895253 298418 0 1437984 1078488 359496 0 579809 434857 144952 157459 118094 39365 0 0 0 0 0 2264479 1780033 484446 0 376726 282544 94182 0 0 4467247 3350435 1116812 54483 40862 13621 0 0 6481907 4861430 1620477 0 3686983 2765238 921745 1091907 818930 272977 Scholarships awards 3623 2717 906 Repairs maintenance/Supplies equipment 1953625 1465219 488406 Bad debt/Bond issuance costs 401980 301485 100495 Other fees 616013 462010 154003 217766 163326 54440 24985662 18820921 6164741 0 18607592 2124669 2009016 3531023 3206975 147513857 28252697 122514680 119261160 18491976 15436050 954417 473693 23163316 23718033 189272020 164220580 3076840 1598800 104358693 101078785 25616834 37437228 1626084 321901 134678451 140436714 X 19616203 23733866 34977366 50000 54593569 23783866 189272020 164220580 X 1026583 739155 6108 -32581549 X false true X true false X 5010064 9818421 9621045 7963123 16408 32429061 5010064 9818421 9621045 7963123 16408 32429061 32429061 66099 158161 396316 620576 21167 100517 121684 596817 826300 599817 1243015 3265949 36437270 0.89000 0.90000 X false 3048231 349932 264952 3133211 6857795 46411 -12223 347475 6544508 7095161 89389 -14901 311854 6857795 5636730 69209 1859315 470093 7095161 6075849 62891 175625 677635 5636730 0.97000 0.03000 false true true 16357440 16357440 119188886 25492796 93696090 5687185 1586110 4101075 4309974 1173791 3136183 1970372 1970372 119261160 Financial derivatives and other financial products Closely-held equity interests Securities 3125498 F Limited partnership 7713 F Real estate 12302839 F 15436050 Other assets Funds held by others Cash surrender value of life insurance Restricted cash and cash equivalents 23718033 23718033 Federal income taxes Related party payable - NC AT State University Related party Interest swap agreement 212983 Fund due to others 108918 321901 X 29141795 739155 6108 2384287 3129550 26012245 26012245 59951498 38470 34927366 34965836 24985662 24985662 V 4 To provide academic support services and scholarships for students. X 2 For the year ended June 30, 2024, the Foundation has considered recognition requirements for uncertain tax positions as required by generally accepted accounting principles. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more-likely-than-not be sustained upon examination by taxing authorities. The Foundation has analyzed tax positions taken for filing with the Internal Revenue Service and all applicable state jurisdictions. The Foundation believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on the Foundations financial position. XI 2d 2,384,287 in other income from non-operating activities. XII 2d -34,927,366 from disposition of philanthropic assets. X false false false false false false false false false Kimberly Cameron Excecutive Director 178660 42787 221447 Harold L Martin Sr Chancellor 441495 108549 550044 Sheena Jerman Director of Real Estate 136814 32318 169132 A NC Capital Facilities 561592154 2015-10-01 22495000 To refund student revenue bond false false false B NC Capital Facilities 561592154 2014-07-01 21000000 To construct student housing false false false C Public Finance Authority 2019-06-25 26020000 Refunding existing indebtedness false false false D Public Finance Authority 2019-12-18 47795000 Acquisition apartment facility false false false A 24245853 2114311 21249100 485859 396588 2015 true false false false B 215000000 1270400 373739 215943 17911704 1278214 2004 false false false true C 28471501 2569947 656197 25719996 2019 false false false true D 47795000 6316974 842651 74253701 2020 false true true A false false false false false 0.01000 0.01000 false false false B false false false false false 0.01000 0.01000 false false false C false false false false false 0.01000 0.01000 false false false D false false false false false 0.01000 0.01000 false false false A false false false true true false false false true B false false false true true false false false true C false false false true true false false false true D false false false false true false false false true A true B true C true Form 990, Part III, Line 1 This mission is accomplished by, among other things 1 Cultivating and managing gifts of real estate on behalf of the University and its associated entities 2 Acquiring strategic real estate in support of the Strategic Plan and Master Capital Plan of the University 3 Selling, leasing, developing, or transferring real estate for the sole benefit of the University and its associated entities and 4 Managing a portfolio of real estate to provide a consistent revenue stream in support of the University and its association. Form 990, Part VI, Section B, Line 11b Upon completion by our auditors, the Foundations Form 990 and UBIT tax returns are reviewed by the Director of Accounting and the Financial Reporting team, then presented to the Executive Director. The auditors will then present the annual tax returns to the Foundations Finance Committee. Form 990, Part VI, Section B, Line 12c The Foundation requires all employees and Board of Directors to complete the conflict of interest form annually and disclose any instances on the disclosure form. Form 990, Part VI, Section B, Line 15b As North Carolina state employees of North Carolina AT State University, the Foundations Human Resources process is managed by the Universitys Human Resources department. Salaries and classifications are governed by the University of North Carolina UNC Systems General Administration. Thus, the salary for the Executive Director is estabilshed by the Vice Chancellor of Business Finance within the guidelines set by the UNC Systems General Administration. Key employee salaries are established by the Executive Director within the guidelines set by the UNC Systems General Administration. Form 990, Part VI, Section C, Line 19 An electronic copy of the Form 990 and UBIT tax returns and the Foundations governing documents and conflict of interest policy are retained on its secure Share Point site are made availabe upon request for public view. Copies are also made available for distribution upon request to stakeholders, University colleagues, and constituents. Form 990, Part XI, Line 9 2,345,817 in other income from non-operating activities and -34,927,366 from disposition of philanthropic assets. The NC A&T University Foundation LLC 200 N Benbow Road Greensboro NC 27411 562222757 Manage student housing for use by the University NC 3072283 30516321 The North Carolina A&T Real Estate Foundation Inc The NC A&T Real Estate Foundation LLC 200 N Benbow Road Greensboro NC 27411 824865519 Acquire, maintain, and manage student housing NC 2869845 81482070 The North Carolina A&T Real Estate Foundation Inc The NC A&T Investment Foundation Inc 1601 E Market Street Greensboro NC 27401 823043129 Sole purpose of providing investment management NC The North Carolina A&T Real Estate Foundation Inc Aggie Apartment Life Holding Corporation LLC 200 N Benbow Road Greensboro NC 27411 881305246 Acquire, maintain, and manage student apartment housing facilities NC -89826 27793511 The North Carolina A&T Real Estate Foundation Inc Bulldog Real Estate Holdings of East Greensboro LLC 200 N Benbow Road Greensboro NC 27411 871205047 Hold and manage all assets associated with the Resurgen - Mixed Use New Market Tax Credit Project an NC 154663 6908904 The North Carolina A&T Real Estate Foundation Inc The Aggie Athletic Foundation 1601 E Market Street Greensboro NC 27411 274444729 Provide support for NC AT Athletics NC 501c3 N/A false false false false false false false false false false false false true false false false true true false false NC A&T State University q 2260229 FMV NC A&T State University p 2055948 FMV