2022-01-27T17:19:26-06:00 2021-06-30 562271237 THOMAS & GIBBS CPA'S PLLC 6114 FAYETTEVILLE RD DURHAM NC 27713 990 2020-07-01 566075899 The North Carolina A&T Real Estate Foundation Inc NORT 3364335560 PO Box 20366 Greensboro NC 27420 Kimberly Cameron Executive Director 3364335560 2022-01-27 1 Kimberly Cameron 999009999 Kenneth D Gibbs P00238164 9195440555 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z Kimberly Cameron PO Box 20366 Greensboro NC 27420 26290114 0 X X 1946 NC TO PROVIDE SCHOLARSHIPS AND INSTITUTIONAL SUPPORT TO NORTH CAROLINA A&T STATE UNIVERSITY STUDENTS, FACULTY, AND DEPARTMENTS, AS WELL AS TO SUPPORT INSTITUTIONAL REAL ESTATE ACTIVITY. 11 10 0 0 -156352 0 5010064 9818421 20336933 14899773 345545 447110 258457 669948 25950999 25835252 1617239 3094910 0 0 2883048 2949595 0 0 0 16677499 15551538 21177786 21596043 4773213 4239209 154780990 167097116 121499061 122641388 33281929 44455728 X The mission of The North Carolina A&T Real Estate Foundation, Inc. is to support North Carolina A&T State University's 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.This mission is accomplished by, among other things:1. Cultivating and managing gifts of real estate on behalf of North Carolina A&T State University and its associated entities2. Acquiring strategic real estate in support of the Strategic Plan and Master Capital Plan of North Carolina A&T State University3. Selling, leasing, developing, or transferring real estate for the sole benefit of North Carolina A&T State University and its associated entities; and4. Managing a portfolio of real estate to provide a consistent revenue stream in support of North Carolina A&T State University and its association 0 0 14634250 The Foundation's mission is centered on expanding the footprint of our University in its alignment with the University's Master Plan. The Foundation has acquired two additional high-quality apartments adjacent to the University adding 1,164 beds to its inventory to support our University's enrollment growth. The Foundation also leased 654 beds to support enrollment growth. The Foundation has forged a partnership initiative and formed the East Greensboro Renaissance Community Advisory Committee whose focus is in the revitalization of the community surrounding the University spearheading strategic econcomic development projects in the next several years. The Foundation is also on track with acquiring properties to facilitate in the University 's construction plans of a new 425+ bed residential life facility with retail space. 4437995 3094910 The Foundation provides direct support to NCA&T State University departments by the management of fund accounts that include restricted, unrestricted, scholarships, endowments and grants. The Foundation managed five new grants totaling $704,500 that were awarded from the following corporations and organizaitons: The Andrew Mellon Foundation, Honeywell Internation, Inc., Intel, and the National Association of Community College Entrepreneurship, Inc. These grants provided resources for COVID-19 relief, program and administrative support to our University's Office of Career Services, departments within the following colleges: College of Arts, Humaities, & Social Sciences, College of Business & Economcis, College of Engineering, College of Science & Technology, and the Verizon Innovative Learning Men of Color Program. We also managed the prize awarded to the Center for Outreach in Alzhemier's, Aging and Community Health from the Nationa Institute of Health. As a resource to the University, the Foundation provided direct scholarship in the amount of $350,419.00. The Foundation also awarded $793,288.32 from department scholarship funds and $59,679 from Thurgood Marshall Fund for emergency funds to students impacted by COVID-19. The Foundation also received $353,547 of Payroll Protection Program funding from BB&T and $682,541.41 in CARES Act funds due to the impact of COVID-19. The Event Center plays a pivotal role in the expansion of the University. The management of the Event Center positively supports efforts by the University in recruitment, faculty development, community engagement and marketing the University to a multitude of constituencies. Although the Event Center had to cancel 22 of the 105 scheduled events Due to COVID-19 there were key events that included career fairs, career summits, Chancellor's Speaker Series forums, the Chancellor's Town Hall, the launch of the University's Management Development Program Symposiums, and Industrial Hemp Conference. ln collaboration with East Greensboro, the Event Center hosts the 60th anniversary of the A&T Four's peaceful Sit-in which attracted nationwide exposure. The Event Center the Chancellor's Speaker Series forum in which NBA star Chris Paul participated in a Master Class on entertainment, sports, media and branding. The Event Center hosted the Chancellor Speakers Series for the fall Reception featured T.D. Jakes CEO Entrepreneur and Inspirational leader not only attracted the Triad and Triangle community but also showed our facility on the national platform as well as complimented AFEC capability and versatility. The Event Center hosted the Chancellor's Speakers Series for the spring Reception featured John Daymond attracted majority of the campus community both student, faculty and staff were present at this event. This high-profile event was featured on the national platform and broadcast on both state and national platforms. The Chancellor's Town Hall Forum Fall Reception featured Hollywood artists Loretta Devin, Jasmine Guy, and Chloe Halle with Kevin Wilson as the moderator. These forums, town halls, career fairs, and career summit offered students engagement opportunities for their academic and professional development. 19072245 1 1 0 0 0 0 0 0 1 1 1 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 1 140 0 0 1 1 0 0 0 0 0 0 0 0 0 X 11 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 1 0 NC X Kimberly Cameron 3364335560 PO Box 20366 Greensboro NC 27420 Haven Cockerham Chair 0.50 0.00 X X 0 0 0 Torian R Priestly Treasurer 0.50 0.00 X X 0 0 0 Dr Gerald Truesdale Secretary 0.50 0.00 X X 0 0 0 Harold Cogdell Esq Director 0.50 0.00 X 0 0 0 Ken Dimock Director 0.50 0.00 X 0 0 0 Russ Parmele Director 0.50 0.00 X 0 0 0 Clifford Maske Director 0.50 0.00 X 0 0 0 Jennifer Duru-Perry Director 0.50 0.00 X 0 0 0 Napoleon Wallace Director 0.50 0.00 X 0 0 0 Daniel Lim Director 0.50 0.00 X 0 0 0 Kim Cameron Executive Director 45.00 0.00 X 0 153333 38136 Harold Martin Former Director 0.05 45.00 X 0 393224 87736 0 546557 125872 0 1 1 0 0 9818421 9818421 Rental Income 531110 14899773 14899773 14899773 318481 318481 298510 454862 -156352 -156352 -156352 128629 0 128629 128629 128629 Other Income 900099 826300 826300 826300 25835252 16173183 -156352 0 X 3094910 3094910 2385854 1947507 438347 418789 291709 127080 144952 113437 31515 182577 182577 2395858 1506281 889577 966195 948260 17935 2096327 2038764 57563 20253 20253 5007430 4864711 142719 2531521 2435837 95684 601759 315562 286197 Repair & maintenance 1165936 1117947 47989 Miscellaneous Expense 491601 319438 172163 Bad Debt 84260 50757 33503 Postage & Shipping 7821 6872 949 21596043 19072245 2523798 0 11711236 18542451 649390 1552554 939702 1032556 123119745 20217456 102542905 102902289 18106407 24712913 1118163 4413514 19713187 13940839 154780990 167097116 3714856 3118456 112553417 110268508 1657645 1766319 2924464 7253137 353500 150000 295179 84968 121499061 122641388 X 15811385 16104698 17470544 28351030 33281929 44455728 154780990 167097116 4239209 6534590 400000 0 X 0 1 X 1 0 X 4373869 3647868 3149404 5010064 9818421 25999626 4373869 3647868 3149404 5010064 9818421 25999626 3056331 22943295 280077 406402 618599 596817 826300 2728195 28727821 0.79860 0.71430 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1657644 1084727 976052 1766319 0 5636730 69209 1859315 470093 7095161 6075849 62891 175625 677635 5636730 6083147 90282 381077 478657 6075849 5808402 72805 540357 338417 6083147 5304875 197919 492190 186582 5808402 0.79000 0.21000 0 1 1 11197788 11197788 101677686 17378959 84298727 4512252 1344873 3167379 1448954 1069209 379745 4283065 424415 3858650 102902289 LT Investments 7421844 F ST Investments 17291069 F 24712913 Restricted Cash 13921150 Cash surrender/life insurance 19689 13940839 Interest Rate Swap agreement 84968 84968 32824704 6534590 454861 6989451 25835253 0 25835253 22050905 454861 454861 21596044 -1 -1 21596043 Part V, Line 4: To provide academic support services and scholarships for students. Part XI, Line 2d - Other Adjustments: Rental Expense Part XII, Line 2d - Other Adjustments: Rental Expense Part XII, Line 4b - Other Adjustments: Reconciliation difference 1 Scholarship & awards 2522360 572550 GAAP Book expense Expenditures paid for Academic Department Part I, Line 2: Scholarships and assistance are awarded from departmental funds that are held by the foundation. Each Scholarship has an agreement which detail the criteria. The departments and/or scholarship committee select the scholarship recipients. Some of the criterias used are the GPA, demonstrated need for financial assistance, communtiy involvement and their enrollment status at the university. This list and the amount awarded is remitted to the University's Financial Aid office. Subsequently, the Financial aid office remits the award form to the foundation upon which the purchase order is prepared and a check is made payable to the university to post the scolarship to the student's account. Foundation pays scholships to University from Unrestricted entity - $350,419 for FY 2020. 0 0 0 0 0 0 0 0 0 Harold Martin Former Director 0 393224 0 0 0 0 0 81358 0 6378 0 480960 0 0 Kim Cameron Executive Director 0 153333 0 0 0 0 0 31758 0 6378 0 191469 0 0 A NC Capital Facilities 561592154 2015-10-01 22495000 To refund student revenue bond 0 0 0 B NC Capital Facilities 561592154 2004-07-01 21000000 To construct student housing 0 0 0 C Public Finance Authority 2019-06-25 26020000 Refunding existing indebtednes 0 0 0 D Public Finance Authority 2019-12-18 47795000 Acquistion apartment facilitie 0 0 0 A 24245853 2114311 21249100 485859 396588 2015 1 0 0 0 B 21500000 1270400 373739 215943 17911704 1278214 2004 0 0 0 1 C 28471501 2569947 656197 25719996 2019 0 0 0 1 D 47795000 6316974 842651 74253701 2020 0 0 1 1 A 0 0 0 0 0.00000 0.01000 0.01000 0 0 0 B 0 0 0 0 0.00000 0.01000 0.01000 0 0 0 C 0 0 0 0 0.00000 0.01000 0.01000 0 0 0 D 0 0 0 0 0.00000 1.00000 1.00000 0 0 0 A 0 0 0 1 1 0 0 0 1 B 0 0 0 1 1 0 0 0 1 C 0 0 0 1 1 0 0 0 1 D 0 0 0 0 1 0 0 0 1 A 1 B 1 C 1 D 1 Form 990, Part VI, Section B, line 11b The Board Treasurer will review the completed Form 990 on behalf of the Board of Directors. When satisfied the Board Treasurer will sign. Form 990, Part VI, Line 12c - Explanation of Monitoring and Enforcement of Annually the Conflict of Interest policy is presented to the Board of Directors and are requested to identify any conflicts of interest per our policy and sign the document. Employees sign a conflict of interest policy at the inception of employment. Form 990, Part VI, Section B, line 12c Annually the Conflict of Interest policy is presented to the Board of Directors and are requested to identify any conflicts of interest per our policy and sign the document. Employees sign a conflict of interest policy at the inception of employment. Form 990, Part VI, Section B, line 15b A Search Committee of the Board of Directors aligned with the State of NC - UNC HR process in hiring EHRA positions is adhered to by the Board of Directors. Form 990, Part VI, Section C, line 19 Available upon written request. Form 990, Part IX, line 11g Professional Fees: Program service expenses 224,405. Management and general expenses 183,618. Fundraising expenses 0. Total expenses 408,023. Taxes & Fees: Program service expenses 313,300. Management and general expenses 0. Fundraising expenses 0. Total expenses 313,300. Other Contract Services: Program service expenses 968,576. Management and general expenses 705,959. Fundraising expenses 0. Total expenses 1,674,535. THE NC A&T UNIVERSITY FOUNDATION LLC 200 N BENBOW RD Greensboro NC 27411 562222757 Manage student housing for use by the University NC 4802624 31295961 The North Carolina A&T Real Estate Foundation Inc The NC A&T Real Estate Foundation LLC 200 N BENBOW ROAD GREENSBORO NC 27411 Acquire, maintain and manage student housing NC 8568405 82822186 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 14110559 28956921 The North Carolina A&T Real Estate Foundation Inc Alumni Association 200 N Benbow Road Greensboro NC 27411 Alumni Relations NC 501 (c) (3) 0 NC A&T State University 1601 E Market St Greensboro NC 27401 Public University NC n/a 0 The Aggie Athletic Foundation 1601 E Market St Greensboro NC 27411 274444729 Provide support for NC A&T Athletics NC 501 (c) (3) 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 NC A&T State University Q 1275531 NC A&T State University P 669907 NC A&T State University L 513625