2021-04-15T06:05:05-07:00 2020-06-30 562271237 THOMAS & GIBBS CPAS PLLC 6114 FAYETTEVILLE RD STE 101 DURHAM NC 27713 990 2019-07-01 566075899 The North Carolina A &T Real Estate Foundation Inc NORT 3364335560 PO BOX 20366 Greensboro NC 27420 Torian R Priestly Treasurer 2021-04-15 true Kenneth D Gibbs P00238164 9195440555 2019 2022-09-23 18:48:47Z Haven Cockerham PO BOX 20366 Greensboro NC 27420 26556049 false X N/A 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 -349927 -349927 3149404 5010064 402497 20336933 320271 345545 7781950 258457 11654122 25950999 1727765 1617239 0 1472510 2883048 0 0 7350933 16677499 10551208 21177786 1102914 4773213 94970554 154780990 66358430 121499061 28612124 33281929 X 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. false false 11476517 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 it 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. 3704184 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 organizations: The Andrew Mellon Foundation, Honeywell International, 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 & Economics, 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 National Institute of Health. As a resource to the University, the Foundation provide 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. In collaboration with East Greensboro, the Event Center hosts the 60th anniversary of the A&T Fours 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 feature on the national platform and broadcast on both state and national platforms. The Chancellor's Town Hall Forum Fall Reception featured John 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. 15180701 true true false false false false false false true true true true false true true true true false false false false false false false false false false false true true true false false false false false false false false false false false false false false true true false true false true 140 0 false 0 true true false false false true true false false 0 false false false false false false false X 11 10 false false false false false false true true true false false true true true true true true true true false X Kimberly Cameron 3364335560 PO Box 20366 Greensboro NC 27420 X Harold LMartin Sr Director 0.50 45.00 X 0 392624 82050 Kim Cameron Executive Dir. 45.00 0.00 X 0 120284 29359 Ralph Fennell Former Executive Director 45.00 0.00 0 106684 23883 Jacqueline Stringfellow Director of Accounting 45.00 0.00 0 87272 24615 Haven Cockerham Chair 0.50 0.00 X X 0 0 0 Clifford A Maske Director 0.50 0.00 X 0 0 0 Napoleon Wallace Director 0.50 0.00 X 0 0 0 Russ Parmele Acquistion Chai 0.50 0.00 X 0 0 0 Torian R Priestly Treasurer 0.50 0.00 X X 0 0 0 Jennifer Duru-Perry Director 0.50 0.00 X 0 0 0 Gerald Truesdale Secretary 0.50 0.00 X X 0 0 0 Harold Cogdell Director 0.50 0.00 X 0 0 0 Kenneth Dimock Audit Chair 0.50 0.00 X 0 0 0 Mark Kiel Director 0.50 0.00 X 0 0 0 706864 159907 0 true true true 0 5010064 5010064 Rental income - Student H 531110 20336933 20336933 20336933 206701 206701 0 0 255123 605050 -349927 -349927 -349927 138844 138844 138844 138844 0 0 0 Event Catering income 722320 11567 11567 Other Income 900099 596817 596817 608384 25950999 21290862 -349927 0 1617239 1617239 0 0 0 0 2358583 1826707 531876 0 397761 266577 131184 126704 92547 34157 0 245535 245535 0 0 0 0 1698277 1465663 232614 0 703216 685994 17222 0 0 6560856 2208936 4351920 211347 169303 42044 0 0 3698238 3619961 78277 0 2061423 1977468 83955 469216 449304 19912 Miscellaneous 711848 535798 176050 Taxes and Fees 256477 213368 43109 Bad Debt Expense - Student hou 48847 44604 4243 Postage and Shipping 12219 7232 4987 0 21177786 15180701 5997085 0 9927918 11711236 0 232023 239015 729541 1350077 0 0 0 0 0 119822099 17279194 57603322 102542905 0 17966117 18106407 187900 1118163 0 8323733 19713187 94970554 154780990 1172922 3714856 60368928 112553417 1403256 1657645 3082920 2924464 353500 330404 295179 66358430 121499061 X 13027031 15811385 15585093 17470544 28612124 33281929 94970554 154780990 4773213 190564 -293972 X false true X true false X 3138281 4373869 3647868 3149404 5010064 19319486 0 0 3138281 4373869 3647868 3149404 5010064 19319486 2010094 17309392 459260 863881 697636 290853 345545 2657175 0 353184 280077 406402 618599 596817 2255079 24231740 0.71430 0.70460 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true 1403256 873589 619201 1657644 true 6075849 62891 175625 677635 5636730 6083147 90282 381077 478657 6075849 5808402 72805 540357 338417 6083147 5304875 197919 492190 186582 5808402 5645182 133456 226786 271819 5733605 0.79000 0.21000 false true true 10770580 10770580 101420515 15015043 86405472 2942404 1093271 1849133 908458 875777 32681 3780142 295103 3485039 102542905 18106407 Property held for sale 1118163 C Cash surrender value of life insurance 18598 Restricted Cash 19694589 19713187 Interest Rate Swap Agreement 295179 295179 X 26746613 190564 605050 795614 25950999 25950999 21782836 605050 605050 21177786 21177786 Part V, Line 4: Intended uses of the endowment fund. To provide academic support services and scholarships for students. Part X : FIN48 Footnote Uncertain tax positions - For the year ended June 30, 2020, 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 affect on the Foundations financial position. Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 Rental Expenses $605050 Part XII, Line 2d: Other expenses and losses per audited F/S $605050 true 0 0 Scholarships and Awards 1083644 533595 GAAP Book expense Expenditures paid for Academic Dept Grantmaker's Description of How Grants are Used 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. false false false false false false false false false Harold LMartin Sr Director 392624 75813 6237 474674 Kim Cameron Executive Dir. 120284 24159 5200 149643 Ralph Fennell Former Executive Director 106684 20243 3640 130567 A NC Capital Facilities 561592154 2015-10-01 22495000 To refund student revenue bond false false false B NC Capital Facilities 561592154 2004-07-01 21000000 To construct student housing false false false C Public Finance Authority 2019-06-25 26020000 Refunding existing indebtednes false false false D Public Finance Authority 2019-12-18 47795000 Acquistion apartment facilitie false false false A 24245853 2114311 21249100 485859 396588 2015 true false false true B 21500000 1270400 373739 215943 17911704 1278214 2004 false false false true C 28471501 2569947 656197 25719996 2019 false false false true D 47795000 6316974 842651 47253701 2020 false false true true A false false false false 0.01000 0.01000 false false B false false false false 0.01000 0.01000 false false C false false false false 0.01000 0.01000 false false D false false false false false false 1.00000 1.00000 false false A false true false false false true B false true false false false true C false true false false false true D false false false false false false false true A true B true C true D true Form 990, Part III, Line 4d: Other Program Services Description OTHER PROGRAM SERVICES 4: 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 it 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. Form 990, Part VI, Line 11b: Form 990 Review Process 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 Conflicts 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, Line 15a: Compensation Review & Approval Process - CEO, Top Management A Search Committee of the Board of Directors. Compensation determiniation and hiring practicies are aligned with the State of NC - UNC HR process. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees A Search Committee of the Board of Directors. Compensation determiniation and hiring practicies are aligned with the State of NC - UNC HR process. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Available upon written request. THE NC A&T UNIVERSITY FOUNDATION LLC 200 NORTH BENBOW ROAD GREENSBORO NC 27411 562222757 Manage student housing for use by the University NC 6702005 33872503 The North Carolina A &T Real Estate Foun The NC A&T Real Estate Foundation LLC 200 N Benbow Rd Greensboro NC 274110003 Acquire, maintain, and manage student housing NC 7889550 87003734 The North Carolina A &T Real Estate Foun The NC A&T Investment Foundation Inc 1601 E Market Street Greensboro NC 27401 823043129 Sole purpose of providing investment management NC 5375046 19986779 The North Carolina A &T Real Estate Foun Alumni Association 200 N Benbow Road Greensboro NC 27411 Alumni Relations NC 501(c)(3) 5 N/A false NC A&T State University 1601 E Market St Greensboro NC 27401 Public University NC n/a n/a N/A false The Aggie Athletic Foundation 1601 E Market St Greensboro NC 27411 274444729 Provide support for NCA&T Athletics NC 501(c)(3) 5 N/A false false false false false false false false false false true false false false false false false true false false Alumni Association j 4140 NC A&T State University q 5303266