NORTH CAROLINA TEXTILE FOUNDATION INC: Form 990, tax year 2021
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- Organization
- NORTH CAROLINA TEXTILE FOUNDATION INC (EIN 56-6045324)
- Tax period
- 2021-07-01 to 2022-06-30
- Filed
- 2022-12-14
- IRS object ID
- 202243489349300304
- Schema version
- 2021v4.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule I
- Schedule J
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-12-14T07:13:34-06:00 | ReturnTs |
| Tax Period End | 2022-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 561031342 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WILLIAMS OVERMAN PIERCE LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 328 E MARKET STREET SUITE 100 | AddressLine1Txt |
| City | GREENSBORO | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27401 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2021-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 566045324 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NORTH CAROLINA TEXTILE FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | NORT | BusinessNameControlTxt |
| Phone | 9195137149 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | NCSU BOX 7207 | AddressLine1Txt |
| City | RALEIGH | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27695 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ERIN DELEHANTY | PersonNm |
| Person Title | ASSISTANT TREASURER | PersonTitleTxt |
| Phone | 9195153878 | PhoneNum |
| Signature | 2022-12-08 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | ERIN | PersonFirstNm |
| Person Last | DELEHANTY | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MARYELLEN PRANCE CPA | PreparerPersonNm |
| PTIN | P01662078 | PTIN |
| Phone | 3362751686 | PhoneNum |
| Preparation | 2022-12-08 | PreparationDt |
| Self Employed | Yes (X) | SelfEmployedInd |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | ERIN DELEHANTY | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | NCSU BOX 7207 | AddressLine1Txt |
| City | RALEIGH | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27695 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $8,745,776 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.TEXTILES.NCSU.EDU/GIVING/NC-TEXTILE-FOUND | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1942 | FormationYr |
| Legal Domicile State | NC | LegalDomicileStateCd |
| Activity Or Mission | TO ADVANCE WILSON COLLEGE OF TEXTILES THROUGH ENGAGEMENT, PARTNERSHIP AND PHILANTHROPY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 17 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 16 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 17 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $6,515,876 | PYContributionsGrantsAmt |
| CY Contributions Grants | $3,009,247 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $97,019 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $7,516 | CYProgramServiceRevenueAmt |
| PY Investment Income | $7,763,131 | PYInvestmentIncomeAmt |
| CY Investment Income | $2,087,222 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $14,376,026 | PYTotalRevenueAmt |
| CY Total Revenue | $5,103,985 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $1,194,652 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $1,434,427 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $617,412 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $719,567 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $553,934 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $1,441,684 | PYOtherExpensesAmt |
| CY Other Expenses | $1,535,411 | CYOtherExpensesAmt |
| PY Total Expenses | $3,253,748 | PYTotalExpensesAmt |
| CY Total Expenses | $3,689,405 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $11,122,278 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,414,580 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $89,766,290 | TotalAssetsBOYAmt |
| Total Assets EOY | $84,834,428 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $467,252 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $463,146 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $89,299,038 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $84,371,282 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE MISSION OF THE FOUNDATION IS 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. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $1,280,883 | ExpenseAmt |
| Grant | $323,791 | GrantAmt |
| Desc | THE FOUNDATION SUPPORTS THE COLLEGE OF TEXTILES AT NORTH CAROLINA STATE UNIVERSITY THROUGH GRANTS FOR FACILITIES, FACULTY, FELLOWSHIPS, SCHOLARSHIPS AND EQUIPMENT. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,110,636 | ExpenseAmt |
| Grant | $1,110,636 | GrantAmt |
| Revenue | $7,516 | RevenueAmt |
| Desc | THE FOUNDATION AWARDS SCHOLARSHIPS TO DESERVING GRADUATE AND UNDERGRADUATE STUDENTS OF THE COLLEGE OF TEXTILES AT NORTH CAROLINA STATE UNIVERSITY BASED ON MERIT. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $2,391,519 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 2 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 17 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 16 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (1) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ERIN DELEHANTY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9195137149 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | NCSU BOX 7207 | AddressLine1Txt |
| City | RALEIGH | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27695 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (19 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | OfficerOfficerInd |
|---|---|---|---|---|---|---|---|
| JOHNNY CHAPMAN JR | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| CHARLES FLYNT JR | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MATTHEW GRIFFITH | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DAVID HINKS | |||||||
| UNIVERSITY EX-OFFICIO | 1.00 | Yes (X) | $0 | $262,696 | $42,006 | 40.00 | |
| WESLEY HORNE | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| ELAINE HUGHES | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| AMY ISENHOUR | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MINDY OAKLEY | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| LEIB OEHMIG | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| ROBIN PERKINS | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| PRASHANT PRABHU | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| GEORGE RAGSDALE | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| ELLEN ROHDE | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| BRENDAN SULLIVAN | |||||||
| PRESIDENT | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| NANCY WEBSTER | |||||||
| VICE PRESIDENT | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| CRES CALABRESE | |||||||
| SECRETARY | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| TY HUGGINS | |||||||
| TREASURER | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| MARY PELOQUIN-DODD | |||||||
| ASSISTANT TREASURER | 1.00 | $0 | $311,000 | $45,858 | 40.00 | Yes (X) | |
| ERIN DELEHANTY | |||||||
| ASSISTANT TREASURER | 1.00 | $0 | $154,339 | $39,633 | 40.00 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $728,035 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $127,497 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $3,009,247 | AllOtherContributionsAmt |
| Noncash Contributions | $70,991 | NoncashContributionsAmt |
| Total Contributions | $3,009,247 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | SCHOLARSHIP & ENRICHMENT REPAYMEN | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $7,516 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $7,516 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $7,516 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $625,541 | TotalRevenueColumnAmt |
| Exclusion | $625,541 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $5,103,472 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $3,641,791 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,461,681 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,461,681 | TotalRevenueColumnAmt |
| Exclusion | $1,461,681 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $5,103,985 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $7,516 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $2,087,222 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,434,427 | TotalAmt |
| Program Services | $1,434,427 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $719,567 | TotalAmt |
| Management And General | $380,293 | ManagementAndGeneralAmt |
| Fundraising | $339,274 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,644 | TotalAmt |
| Program Services | $4,462 | ProgramServicesAmt |
| Management And General | $4,182 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $89,000 | TotalAmt |
| Management And General | $89,000 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $222,516 | TotalAmt |
| Management And General | $222,516 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,743 | TotalAmt |
| Program Services | $9,360 | ProgramServicesAmt |
| Management And General | $250 | ManagementAndGeneralAmt |
| Fundraising | $133 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,312 | TotalAmt |
| Program Services | $9,002 | ProgramServicesAmt |
| Management And General | $9,519 | ManagementAndGeneralAmt |
| Fundraising | $1,791 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,761 | TotalAmt |
| Program Services | $6,649 | ProgramServicesAmt |
| Fundraising | $3,112 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $44,911 | TotalAmt |
| Program Services | $19,215 | ProgramServicesAmt |
| Fundraising | $25,696 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $59,113 | TotalAmt |
| Program Services | $3,447 | ProgramServicesAmt |
| Management And General | $300 | ManagementAndGeneralAmt |
| Fundraising | $55,366 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,364 | TotalAmt |
| Program Services | $2,364 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,717 | TotalAmt |
| Management And General | $9,717 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| MISC. SERVICES & FEES | $767,082 | $660,204 | $19,438 | $87,440 |
| EDUCATIONAL EQUIPMENT | $88,291 | $79,751 | $2,244 | $6,296 |
| SUPPLIES | $80,491 | $50,108 | $2,998 | $27,385 |
| EQUIPMENT RENTAL & MAIN | $68,294 | $65,550 | $1,173 | $1,571 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $55,172 | TotalAmt |
| Program Services | $46,980 | ProgramServicesAmt |
| Management And General | $2,322 | ManagementAndGeneralAmt |
| Fundraising | $5,870 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,689,405 | TotalAmt |
| Program Services | $2,391,519 | ProgramServicesAmt |
| Management And General | $743,952 | ManagementAndGeneralAmt |
| Fundraising | $553,934 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $181,019 | BOYAmt |
| EOY | $203,392 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,514,639 | BOYAmt |
| EOY | $4,172,319 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $6,199,726 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $32,905 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $27,610 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,659 | BOYAmt |
| EOY | $5,295 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $87,409,240 | BOYAmt |
| EOY | $57,622,225 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $488,330 | BOYAmt |
| EOY | $16,479,677 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $165,403 | BOYAmt |
| EOY | $151,794 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $89,766,290 | BOYAmt |
| EOY | $84,834,428 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $5,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $467,252 | BOYAmt |
| EOY | $458,146 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $467,252 | BOYAmt |
| EOY | $463,146 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,539,783 | BOYAmt |
| EOY | $5,252,292 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $82,759,255 | BOYAmt |
| EOY | $79,118,990 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $89,299,038 | BOYAmt |
| EOY | $84,371,282 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $89,766,290 | BOYAmt |
| EOY | $84,834,428 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $1,414,580 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$16,271,779 | NetUnrlzdGainsLossesInvstAmt |
| Prior Period Adjustments | $9,964,071 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | -$34,628 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| College Organization | Yes (X) | CollegeOrganizationInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,607,539 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,731,643 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,873,646 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,100,983 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,009,247 | CurrentTaxYearAmt |
| Total | $12,323,058 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,607,539 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,731,643 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,873,646 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,100,983 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,009,247 | CurrentTaxYearAmt |
| Total | $12,323,058 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $2,660,586 | SubstantialContributorsTotAmt |
| Public Support Total170 | $9,662,472 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $503,432 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $460,241 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $509,669 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $506,495 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $625,541 | CurrentTaxYearAmt |
| Total | $2,605,378 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $14,928,436 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $130,471 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.64730 | PublicSupportCY170Pct |
| Public Support PY170 | 0.68640 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II SECTION A LINE 1 | FormAndLineReferenceDesc |
| Explanation | IN FISCAL YEAR ENDING JUNE 30, 2022, THE ORGANIZATION CHANGED ITS METHOD OF ACCOUNTING FROM MODIFIED CASH BASIS TO ACCRUAL BASIS. AS SUCH, THE AMOUNTS REPORTED ON SCHEDULE A, PART II, SECTION A, LINE 1 HAVE BEEN RESTATED TO REFLECT ACCRUAL BASIS GRANTS AND CONTRIBUTIONS. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $85,522,562 | BeginningYearBalanceAmt |
| Contributions | $642,028 | ContributionsAmt |
| Investment Earnings Or Losses | -$5,352,699 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $3,786,995 | GrantsOrScholarshipsAmt |
| End Year Balance | $77,024,896 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $65,386,433 | BeginningYearBalanceAmt |
| Contributions | $5,602,025 | ContributionsAmt |
| Investment Earnings Or Losses | $17,784,075 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $3,249,971 | GrantsOrScholarshipsAmt |
| End Year Balance | $85,522,562 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $61,686,113 | BeginningYearBalanceAmt |
| Contributions | $3,723,964 | ContributionsAmt |
| Investment Earnings Or Losses | $2,401,747 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,425,391 | GrantsOrScholarshipsAmt |
| End Year Balance | $65,386,433 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $46,672,253 | BeginningYearBalanceAmt |
| Contributions | $12,361,475 | ContributionsAmt |
| Investment Earnings Or Losses | $5,010,092 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,357,707 | GrantsOrScholarshipsAmt |
| End Year Balance | $61,686,113 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $44,540,564 | BeginningYearBalanceAmt |
| Contributions | $513,521 | ContributionsAmt |
| Investment Earnings Or Losses | $3,916,846 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,298,678 | GrantsOrScholarshipsAmt |
| End Year Balance | $46,672,253 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.06397 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.64806 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.28797 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $32,905 | OtherCostOrOtherBasisAmt |
| Depreciation | $27,610 | DepreciationAmt |
| Book Value | $5,295 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $5,295 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (3 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| STIF | $3,873,000 | F |
| BBH PRIVATE MARKET FUNDS | $12,219,515 | F |
| LIFE INCOME FUNDS | $387,162 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $16,479,677 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| DUE TO OTHERS | $19,319 |
| LIFE INCOME FUNDS PAYABLE | $438,827 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $458,146 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | -$11,327,938 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$16,271,779 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $97,000 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | -$34,628 | OtherRevenueAmt |
| Revenue Not Reported | -$16,209,407 | RevenueNotReportedAmt |
| Revenue Subtotal | $4,881,469 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $222,516 | InvestmentExpensesNotIncldAmt |
| Revenue Not Reported Fincl Stmt | $222,516 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $5,103,985 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $3,563,889 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $97,000 | DonatedServicesUseFcltsAmt |
| Expenses Not Reported | $97,000 | ExpensesNotReportedAmt |
| Expenses Subtotal | $3,466,889 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $222,516 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $222,516 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $3,689,405 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4: | THE FOUNDATION'S ENDOWMENT CONSISTS OF APPROXIMATELY 120 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES RELATED TO THE MISSION OF THE UNIVERSITY. |
| PART X, LINE 2: | MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION, AND HAS CONCLUDED THAT AS OF JUNE 30, 2022, 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 2018. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -34,628. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NC STATE UNIVERSITY COLLEGE OF TEXTILES | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1000 MAIN CAMPUS DRIVE | AddressLine1Txt |
| City | RALEIGH | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27695 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 566000756 | RecipientEIN |
| IRC Section | 501(C)(3) | IRCSectionDesc |
| Cash Grant | $1,434,427 | CashGrantAmt |
| Non Cash Assistance | $0 | NonCashAssistanceAmt |
| Purpose Of Grant | TO PROVIDE FOR STUDENT SCHOLARSHIPS, FUND RESEARCH AND PROFESSORSHIPS AND ASSIST WITH CAPITAL PURCHASES | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | 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. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (3 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MARY PELOQUIN-DODD | ||||||||||||||
| ASSISTANT TREASURER | $0 | $311,000 | $0 | $0 | $0 | $0 | $0 | $39,469 | $0 | $6,389 | $0 | $356,858 | $0 | $0 |
| DAVID HINKS | ||||||||||||||
| UNIVERSITY EX-OFFICIO | $0 | $262,696 | $0 | $0 | $0 | $0 | $0 | $35,617 | $0 | $6,389 | $0 | $304,702 | $0 | $0 |
| ERIN DELEHANTY | ||||||||||||||
| ASSISTANT TREASURER | $0 | $154,339 | $0 | $0 | $0 | $0 | $0 | $33,244 | $0 | $6,389 | $0 | $193,972 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE J, PART II - COMPENSATION FROM RELATED ORGANIZATIONS | FormAndLineReferenceDesc |
| Explanation | THE BOARD MEMBERS THAT ARE COMPENSATED RECEIVE COMPENSATION FROM NC STATE UNIVERSITY, A 170(C)(1) ORGANIZATION RELATED TO THE NORTH CAROLINA TEXTILE FOUNDATION, INC. | ExplanationTxt |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 4 | ContributionCnt |
| Noncash Contributions Rpt F990 | $70,991 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 4 | BYLAWS WERE AMENDED AS OF NOVEMBER 19, 2021 AS FOLLOWS: ARTICLE I SECTION 1: THE MISSION OF THE FOUNDATION IS TO ADVANCE WILSON COLLEGE OF TEXTILES THROUGH ENGAGEMENT, PARTNERSHIP AND PHILANTHROPY. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS PROVIDED TO THE BOARD MEMBERS TO REVIEW AND APPROVE PRIOR TO THE FILING DEADLINE. |
| 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 | 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 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 -34,628. |
| FORM 990, PART XII, LINE 1 | IN PREVIOUS YEARS, THE FOUNDATION PRESENTED ITS FINANCIAL STATEMENTS AND TAX RETURN USING THE MODIFIED CASH BASIS OF ACCOUNTING. IN FISCAL YEAR 2022, THE FOUNDATION TRANSITIONED FROM THE MODIFIED CASH BASIS OF ACCOUNTING TO THE ACCRUAL BASIS OF ACCOUNTING. |
| FORM 990, PART XII, LINE 2C: | THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (11 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Direct Controlling NADirectControllingNACd | Controlled OrganizationControlledOrganizationInd | Public Charity StatusPublicCharityStatusTxt |
|---|---|---|---|---|---|---|---|---|---|---|
| NORTH CAROLINA STATE UNIVERSITY | ||||||||||
| NCSU BOX 7207 | RALEIGH | NC | 27695 | 566000756 | SCHOLARSHIP AND OTHER SUPPORT FOR THE COLLEGE OF TEXTILES | NC | 170(C)(1) | 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) | N/A | 0 | LINE 5 |
| NC STATE INVESTMENT FUND INC | ||||||||||
| NCSU BOX 7207 | RALEIGH | NC | 27695 | 311607634 | INVEST FUNDS OF NC STATE UNIVERSITY ENDOWNMENT AND RELATED FOUNDATIONS | NC | 501(C)(3) | N/A | 0 | LINE 12C, III-FI |
| THE NORTH CAROLINA AGRICULTURAL FOUNDATION | ||||||||||
| NCSU BOX 7207 | RALEIGH | NC | 27695 | 566049304 | SUPPORTS THE COLLEGE OF AGRICULTURE AND LIFE SCIENCES AT NCSU | NC | 501(C)(3) | N/A | 0 | LINE 5 |
| NC STATE UNVERSITY ALUMNI ASSOCIATION | ||||||||||
| NCSU BOX 7207 | RALEIGH | NC | 27695 | 566035544 | PROMOTES ALUMNI AFFAIRS & AWARENESS OF NCSU IN THE COMMUNITY | NC | 501(C)(3) | N/A | 0 | LINE 5 |
| NC STATE ENGINEERING FOUNDATION | ||||||||||
| NCSU BOX 7207 | RALEIGH | NC | 27695 | 566046987 | SUPPORT THE COLLEGE OF ENGINEERING AT NCSU | NC | 501(C)(3) | N/A | 0 | LINE 5 |
| NC STATE UNVERSITY COLLEGE OF SCIENCES FOUNDATION INC | ||||||||||
| NCSU BOX 7207 | RALEIGH | NC | 27695 | 581524289 | SUPPORT THE COLLEGE OF SCIENCES AT NCSU | NC | 501(C)(3) | N/A | 0 | LINE 5 |
| 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) | N/A | 0 | LINE 5 |
| NORTH CAROLINA NATURAL RESOURCES FOUNDATION INC | ||||||||||
| NCSU BOX 7207 | RALEIGH | NC | 27695 | 560653350 | SUPPORT ORGANIZATION OF NCSU | NC | 501(C)(3) | N/A | 0 | LINE 5 |
| NC STATE UNVERSITY PARTNERSHIP CORPORATION | ||||||||||
| NCSU BOX 7207 | RALEIGH | NC | 27695 | 561444287 | SUPPORT ORGANIZATION OF NCSU | NC | 501(C)(3) | N/A | 0 | LINE 12C, III-FI |
| NC STATE UNVERSITY STUDENT AID ASSOCIATION | ||||||||||
| NCSU BOX 37100 | RALEIGH | NC | 27627 | 560650623 | SUPPORTS ATHLETIC PROGRAMS AT NCSU | NC | 501(C)(3) | N/A | 0 | LINE 5 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp
Other Organization Name OtherOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NC STATE UNIVERSITY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | B | TransactionTypeTxt |
| Involved | $1,434,427 | InvolvedAmt |
| Method Of Amount Determination | AGENCY AGREEMENT | MethodOfAmountDeterminationTxt |
Comments