2022-12-14T07:13:34-06:00 2022-06-30 561031342 WILLIAMS OVERMAN PIERCE LLP 328 E MARKET STREET SUITE 100 GREENSBORO NC 27401 990 2021-07-01 566045324 NORTH CAROLINA TEXTILE FOUNDATION INC NORT 9195137149 NCSU BOX 7207 RALEIGH NC 27695 ERIN DELEHANTY ASSISTANT TREASURER 9195153878 2022-12-08 1 ERIN DELEHANTY 999009999 MARYELLEN PRANCE CPA P01662078 3362751686 2022-12-08 X 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z ERIN DELEHANTY NCSU BOX 7207 RALEIGH NC 27695 8745776 0 X WWW.TEXTILES.NCSU.EDU/GIVING/NC-TEXTILE-FOUND X 1942 NC TO ADVANCE WILSON COLLEGE OF TEXTILES THROUGH ENGAGEMENT, PARTNERSHIP AND PHILANTHROPY. 17 16 0 17 0 0 6515876 3009247 97019 7516 7763131 2087222 0 0 14376026 5103985 1194652 1434427 0 0 617412 719567 0 0 553934 1441684 1535411 3253748 3689405 11122278 1414580 89766290 84834428 467252 463146 89299038 84371282 X 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. 0 0 1280883 323791 THE FOUNDATION SUPPORTS THE COLLEGE OF TEXTILES AT NORTH CAROLINA STATE UNIVERSITY THROUGH GRANTS FOR FACILITIES, FACULTY, FELLOWSHIPS, SCHOLARSHIPS AND EQUIPMENT. 1110636 1110636 7516 THE FOUNDATION AWARDS SCHOLARSHIPS TO DESERVING GRADUATE AND UNDERGRADUATE STUDENTS OF THE COLLEGE OF TEXTILES AT NORTH CAROLINA STATE UNIVERSITY BASED ON MERIT. 2391519 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 2 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 17 16 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X ERIN DELEHANTY 9195137149 NCSU BOX 7207 RALEIGH NC 27695 JOHNNY CHAPMAN JR DIRECTOR 1.00 X 0 0 0 CHARLES FLYNT JR DIRECTOR 1.00 X 0 0 0 MATTHEW GRIFFITH DIRECTOR 1.00 X 0 0 0 DAVID HINKS UNIVERSITY EX-OFFICIO 1.00 40.00 X 0 262696 42006 WESLEY HORNE DIRECTOR 1.00 X 0 0 0 ELAINE HUGHES DIRECTOR 1.00 X 0 0 0 AMY ISENHOUR DIRECTOR 1.00 X 0 0 0 MINDY OAKLEY DIRECTOR 1.00 X 0 0 0 LEIB OEHMIG DIRECTOR 1.00 X 0 0 0 ROBIN PERKINS DIRECTOR 1.00 X 0 0 0 PRASHANT PRABHU DIRECTOR 1.00 X 0 0 0 GEORGE RAGSDALE DIRECTOR 1.00 X 0 0 0 ELLEN ROHDE DIRECTOR 1.00 X 0 0 0 BRENDAN SULLIVAN PRESIDENT 1.00 X X 0 0 0 NANCY WEBSTER VICE PRESIDENT 1.00 X X 0 0 0 CRES CALABRESE SECRETARY 1.00 X X 0 0 0 TY HUGGINS TREASURER 1.00 X X 0 0 0 MARY PELOQUIN-DODD ASSISTANT TREASURER 1.00 40.00 X 0 311000 45858 ERIN DELEHANTY ASSISTANT TREASURER 1.00 40.00 X 0 154339 39633 0 728035 127497 0 0 1 0 0 3009247 70991 3009247 SCHOLARSHIP & ENRICHMENT REPAYMEN 900099 7516 7516 7516 625541 625541 5103472 3641791 1461681 1461681 1461681 5103985 7516 0 2087222 1434427 1434427 719567 380293 339274 8644 4462 4182 89000 89000 222516 222516 9743 9360 250 133 20312 9002 9519 1791 9761 6649 3112 44911 19215 25696 59113 3447 300 55366 2364 2364 9717 9717 MISC. SERVICES & FEES 767082 660204 19438 87440 EDUCATIONAL EQUIPMENT 88291 79751 2244 6296 SUPPLIES 80491 50108 2998 27385 EQUIPMENT RENTAL & MAIN 68294 65550 1173 1571 55172 46980 2322 5870 3689405 2391519 743952 553934 181019 203392 1514639 4172319 6199726 32905 27610 7659 5295 87409240 57622225 488330 16479677 165403 151794 89766290 84834428 5000 467252 458146 467252 463146 X 6539783 5252292 82759255 79118990 89299038 84371282 89766290 84834428 X 1414580 -16271779 9964071 -34628 X X 0 1 X 1 0 X 2607539 1731643 2873646 2100983 3009247 12323058 2607539 1731643 2873646 2100983 3009247 12323058 2660586 9662472 503432 460241 509669 506495 625541 2605378 14928436 130471 0.64730 0.68640 X PART II SECTION A LINE 1 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. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 85522562 642028 -5352699 3786995 77024896 65386433 5602025 17784075 3249971 85522562 61686113 3723964 2401747 2425391 65386433 46672253 12361475 5010092 2357707 61686113 44540564 513521 3916846 2298678 46672253 0.06397 0.64806 0.28797 0 0 32905 27610 5295 5295 STIF 3873000 F BBH PRIVATE MARKET FUNDS 12219515 F LIFE INCOME FUNDS 387162 F 16479677 DUE TO OTHERS 19319 LIFE INCOME FUNDS PAYABLE 438827 458146 X -11327938 -16271779 97000 -34628 -16209407 4881469 222516 222516 5103985 3563889 97000 97000 3466889 222516 222516 3689405 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. 1 NC STATE UNIVERSITY COLLEGE OF TEXTILES 1000 MAIN CAMPUS DRIVE RALEIGH NC 27695 566000756 501(C)(3) 1434427 0 TO PROVIDE FOR STUDENT SCHOLARSHIPS, FUND RESEARCH AND PROFESSORSHIPS AND ASSIST WITH CAPITAL PURCHASES 1 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. X 0 0 0 0 0 0 0 0 0 MARY PELOQUIN-DODD ASSISTANT TREASURER 0 311000 0 0 0 0 0 39469 0 6389 0 356858 0 0 DAVID HINKS UNIVERSITY EX-OFFICIO 0 262696 0 0 0 0 0 35617 0 6389 0 304702 0 0 ERIN DELEHANTY ASSISTANT TREASURER 0 154339 0 0 0 0 0 33244 0 6389 0 193972 0 0 SCHEDULE J, PART II - COMPENSATION FROM RELATED ORGANIZATIONS 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. X 4 70991 FMV 0 0 0 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. 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) LINE 5 N/A 0 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) LINE 12C, III-FI N/A 0 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) LINE 5 N/A 0 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) LINE 5 N/A 0 NC STATE ENGINEERING FOUNDATION NCSU BOX 7207 RALEIGH NC 27695 566046987 SUPPORT THE COLLEGE OF ENGINEERING AT NCSU NC 501(C)(3) LINE 5 N/A 0 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) 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 NORTH CAROLINA NATURAL RESOURCES FOUNDATION INC NCSU BOX 7207 RALEIGH NC 27695 560653350 SUPPORT ORGANIZATION OF NCSU NC 501(C)(3) LINE 5 N/A 0 NC STATE UNVERSITY PARTNERSHIP CORPORATION NCSU BOX 7207 RALEIGH NC 27695 561444287 SUPPORT ORGANIZATION OF NCSU NC 501(C)(3) LINE 12C, III-FI N/A 0 NC STATE UNVERSITY STUDENT AID ASSOCIATION NCSU BOX 37100 RALEIGH NC 27627 560650623 SUPPORTS ATHLETIC PROGRAMS 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 0 0 0 0 NC STATE UNIVERSITY B 1434427 AGENCY AGREEMENT