2020-01-21T15:12:18-06:00 2019-06-30 561031342 WILLIAMS OVERMAN PIERCE LLP 2501 ATRIUM DRIVE SUITE 500 RALEIGH NC 27607 990 2018-07-01 560653350 NC STATE NATURAL RESOURCES FOUNDATION INC NCST 9195137149 NCSU BOX 7207 RALEIGH NC 276957207 ERIN DELEHANTY ASSISTANT TREASURER 9195137149 2020-01-17 1 MARYELLEN PRANCE CPA P01662078 9197823444 2020-01-17 X 64.88.174.3 2020-01-17 10:51:49 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 9F8107C7905673D7ED92B65BFB0A7C6A2EA9395A 2018 2020-09-23 17:36:50Z ERIN DELEHANTY NCSU BOX 7207 RALEIGH NC 27695 4151941 0 X SEE SCHEDULE O X 1929 NC TO PROMOTE EDUCATION AND RESEARCH IN THE COLLEGE OF NATURAL RESOURCES OF NORTH CAROLINA STATE UNIVERSITY AS WELL AS AID AND PROMOTE, BY FINANCIAL ASSISTANCE AND OTHERWISE, ALL TYPES OF EDUCATION, RESEARCH AND EXTENSION IN THE COLLEGE OF NATURAL RESOURCES. 18 17 0 50 0 0 2580376 1462449 315696 595827 612010 741493 67922 190110 3576004 2989879 1430602 1466825 0 0 489858 520458 0 0 573530 1138106 1101285 3058566 3088568 517438 -98689 39354817 40997582 992274 928562 38362543 40069020 PROMOTE EDUCATION AND RESEARCH IN THE COLLEGE OF NATURAL RESOURCES OF NORTH CAROLINA STATE UNIVERSITY AS WELL AS AID AND PROMOTE, BY FINANCIAL ASSISTANCE AND OTHERWISE, ALL TYPES OF EDUCATION, RESEARCH AND EXTENSION IN THE COLLEGE OF NATURAL RESOURCES. 0 0 2272708 1466825 595827 TO PROMOTE EDUCATION AND RESEARCH IN THE COLLEGE OF NATURAL RESOURCES OF NORTH CAROLINA STATE UNIVERSITY AS WELL AS AID AND PROMOTE, BY FINANCIAL ASSISTANCE AND OTHERWISE, ALL TYPES OF EDUCATION, RESEARCH AND EXTENSION IN THE COLLEGE OF NATURAL RESOURCES. 2272708 1 1 0 0 0 0 1 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 18 17 1 0 0 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 BLAS ARROYO DIRECTOR 1.00 X 0 0 0 ELIZABETH BISER DIRECTOR 1.00 X 0 0 0 LOU BOOS DIRECTOR 1.00 X 0 0 0 JIM BOWEN DIRECTOR 1.00 X 0 0 0 JAMES BUZZARD PAST CHAIR 1.00 X X 0 0 0 CHRIS DAVIDSON DIRECTOR 1.00 X 0 0 0 HUNTER JENKINS VICE CHAIR 1.00 X X 0 0 0 LEWIS LEDFORD CHAIR 1.00 X X 0 0 0 DICK LUDINGTON DIRECTOR 1.00 X 0 0 0 BARBARA MCCUTCHAN DIRECTOR 1.00 X 0 0 0 CHARLES MEEKER DIRECTOR 1.00 X 0 0 0 JACKSON NAFTEL DIRECTOR 1.00 X 0 0 0 DICK PORTERFIELD DIRECTOR 1.00 X 0 0 0 PHIL REA DIRECTOR 1.00 X 0 0 0 HARRY SIDERIS DIRECTOR 1.00 X 0 0 0 RON TERRY DIRECTOR 1.00 X 0 0 0 GENIE USSERY DIRECTOR 1.00 X 0 0 0 MARY PELOQUIN-DODD TREASURER 1.00 40.00 X X 0 286150 42146 VICKI HARDEE SECRETARY 1.00 40.00 X 0 47322 0 LARA BROWN DE FUENMAYOR PRESIDENT 1.00 40.00 X 0 159826 26211 SAM COOK JR VICE PRESIDENT 1.00 40.00 X 0 142506 24732 JILL TASAICO ASSISTANT TREASURER 1.00 40.00 X 0 171078 36854 0 806882 129943 0 0 1 0 0 1462449 138130 1462449 HOFMANN FOREST 110000 595827 595827 595827 125000 125000 1778555 1162062 616493 616493 616493 OTHER INCOME 611600 190110 190110 190110 2989879 785937 0 741493 X 1466825 1466825 520458 520458 6559 6559 88000 88000 147321 147321 6342 6342 12133 8907 3226 7281 7035 246 150160 138619 11541 55509 53680 1829 23814 23814 59904 47547 7009 5348 MISC SERVICES & FEES 303900 291684 12216 SUPPLIES 90049 85952 4097 EDUCATION EQUIPMENT 80851 80343 508 EQUIPMENT RENTAL & REPA 35092 31138 3954 34370 30822 3548 3088568 2272708 242330 573530 4707127 5000427 325455 362294 92209 0 1286668 409450 901032 877218 33175806 34577604 153188 180039 39354817 40997582 32101 16442 960173 912120 992274 928562 X 6397698 6156495 13278854 14422872 18685991 19489653 38362543 40069020 39354817 40997582 X -98689 1838808 -33642 X 0 1 X 1 0 X 2104842 1853878 1484267 2580376 1462449 9485812 2104842 1853878 1484267 2580376 1462449 9485812 1589306 7896506 67430 72179 81965 96387 125000 442961 118481 94902 339036 67922 190110 810451 10739224 9481446 0.73530 0.73000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 3 640.00 1 0 2.00 1000 33164975 903427 2326129 1664977 34729554 29911358 1707240 3265869 1719492 33164975 27306275 706022 2902076 1003015 29911358 27393222 1097234 -273506 910675 27306275 26465084 1378468 2122916 2573246 27393222 0.14230 0.56120 0.29650 0 0 764673 764673 356760 339225 17535 165235 70225 95010 877218 NC STATE INVESTMENT FUND 33105873 F KASPICK-LIFE INCOME FUNDS 1462422 F STIF 9309 F 34577604 LIFE INCOME FUNDS PAYABLE 912120 912120 X 5058424 1838808 409000 -31942 2215866 2842558 147321 147321 2989879 3350247 409000 409000 2941247 147321 147321 3088568 PART II, LINE 9: DONATED EASEMENTS ARE STATED AT FAIR VALUE AS OF THE DATE OF DONATION. PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF 245 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES RELATED TO THE FOUNDATION'S MISSION TO PROMOTE EDUCATION AND RESEARCH IN THE COLLEGE OF NATURAL RESOURCES OF NC STATE UNIVERSITY. PART X, LINE 2: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION, AND HAS CONCLUDED THAT AS OF JUNE 30, 2019 AND 2018, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE 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 2015. PART XI, LINE 2D - OTHER ADJUSTMENTS: DECREASE IN VALUE OF SPLIT INTEREST -31,942. 1 NC STATE UNIVERSITY NCSU BOX 7205 RALEIGH NC 27695 566000756 170(C)(1) 1466825 BOOK N/A SCHOLARSHIPS, FACULTY SUPPORT, DEPARTMENTAL SUPPORT, AND FACILITY SUPPORT 1 PART I, LINE 2: GRANTS REPRESENT REIMBURSEMENT OF EXPENSES PROCESSED THROUGH THE UNIVERSITY'S ACCOUNTING SYSTEMS, AND ARE SUBJECT TO UNIVERSITY AND STATE OF NORTH CAROLINA GUIDELINES, IN ADDITION TO ANY RESTRICTIONS PLACED DIRECTLY BY DONORS. X 0 0 0 0 0 0 0 1 0 MARY PELOQUIN-DODD TREASURER 0 286150 0 0 0 0 0 36142 0 6004 0 328296 0 0 LARA BROWN DE FUENMAYOR PRESIDENT 0 153773 0 0 0 6053 0 20207 0 6004 0 186037 0 0 SAM COOK JR VICE PRESIDENT 0 142506 0 0 0 0 0 18728 0 6004 0 167238 0 0 JILL TASAICO ASSISTANT TREASURER 0 171078 0 0 0 0 0 30850 0 6004 0 207932 0 0 PART I, LINE 7 ONE EMPLOYEE AT NC STATE NATURAL RESOURCES FOUNDATION, INC IS ELIGIBLE TO RECEIVE INCENTIVE COMPENSATION BASED ON A VARIETY OF PERFORMANCE METRICS. SCHEDULE J, PART II, COMPENSATION: THE BOARD MEMBERS THAT ARE COMPENSATED RECEIVE COMPENSATION FROM NC STATE UNIVERSITY, A 170(C)(1) ORGANIZATION RELATED TO NC STATE NATURAL RESOURCES FOUNDATION. X 4 32328 FMV X IRA ROLLOVERS 11 105802 FMV 0 1 0 FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE PRESIDENT, WHO SHALL SERVE AS CHAIR, THE VICE PRESIDENT, THE PAST PRESIDENT AND THE CHAIR OF EACH STANDING COMMITTEE OF THE BOARD. THE SECRETARY, TREASURER AND DEAN, COLLEGE OF NATURAL RESOUCES, WILL SERVE EX-OFFICIO AS NONVOTING MEMBERS OF THE EXECUTIVE COMMITTEE. BY RESOLUTION ADOPTED BY A MAJORITY OF THE DIRECTORS THEN IN OFFICE, THE BOARD OF DIRECTORS SHALL, AT ITS REGULAR ANNUAL MEETING, APPOINT THE MEMBERS OF THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE, IN THE INTERIM BETWEEN MEETINGS OF THE BOARD OF DIRECTORS, AND EXCEPT AS OTHERWISE PROVIDED IN SECTION 5 OF THE BYLAWS, ALL THE POWERS OF THE BOARD OF DIRECTORS. EXECUTIVE COMMITTEE MEMBERS APPOINTED BY THE BOARD SHALL SERVE AT THE PLEASURE OF THE BOARD BUT ONLY FOR SO LONG AS THEY ALSO SERVE AS DIRECTORS AND MAINTAIN THEIR QUALIFYING OFFICES OR DESIGNATIONS AS THE CASE MAY BE. FORM 990, PART VI, SECTION A, LINE 2 DIRECTOR LOU BOOS IS PRESIDENT OF NORDIC ENGINEERING WHICH IS A SUPPLIER TO MEADWESTVACO. DIRECTOR HARRY SIDERIS IS SR. VICE PRESIDENT AND CHIEF DISTRIBUTION OFFICER, DUKE ENERGY. THE FOUNDATION IS EXPLORING A SOLAR ENERGY PROJECT AT HOFMANN FOREST. MR. SIDERIS HAS RECUSED HIMSELF FROM ALL MATTERS RELATED TO THIS PROJECT. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT 990 IS DISTRIBUTED TO BOARD MEMBERS FOR THEIR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C IN ORDER TO MONITOR AND ENFORCE COMPLIANCE WITH THE ORGANIZATION'S CONFLICT OF INTEREST POLICY, NC STATE NATURAL RESOURCES FOUNDATION FOLLOWS THE FOLLOWING PRACTICES: 1) ALL TRANSACTIONS (OTHER THAN EXPENSE REIMBURSEMENTS) BETWEEN THE FOUNDATION AND A DIRECTOR, OFFICER, OR EMPLOYEE OF THE FOUNDATION, MUST BE AUTHORIZED AND APPROVED BY THE FOUNDATION'S BOARD OF DIRECTORS OR RATIFIED IN GOOD FAITH BY THE FOUNDATION'S BOARD OF DIRECTORS AT THE SUBSEQUENT MEETING FOLLOWING THE TRANSACTION. 2) NO FOUNDATION DIRECTOR, OFFICER, OR EMPLOYEE HAVING A DIRECT OR INDIRECT INTEREST IN ANY FOUNDATION BUSINESS TRANSACTION MAY BE INVOLVED IN THE DECISION WITH RESPECT TO WHETHER THE FOUNDATION SHOULD ENTER INTO SUCH TRANSACTION. FOR PURPOSES OF THIS SECTION, A DIRECTOR, OFFICER OR EMPLOYEE HAS AN INDIRECT INTEREST IN A TRANSACTION IF: (A) ANOTHER ENTITY IN WHICH HE HAS A MATERIAL FINANCIAL INTEREST OR IN WHICH HE IS A GENERAL PARTNER IS A PARTY TO THE TRANSACTION; OR (B) ANOTHER ENTITY OF WHICH HE IS A DIRECTOR, OFFICER, OR TRUSTEE IS A PARTY TO THE TRANSACTION AND THE TRANSACTION IS OR SHOULD BE CONSIDERED BY THE BOARD. 3) NO SCHOLARSHIP OR FELLOWSHIP AWARD MAY BE MADE TO A DIRECTOR, OFFICER, OR EMPLOYEE OF THE FOUNDATION OR TO A FAMILY MEMBER OF ANY SUCH PERSON UNLESS THE RECIPIENT OF THE AWARD IS DETERMINED BY AN INDEPENDENT AWARDS COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS ALSO SERVES AS THE HR/EMPLOYEE BENEFITS COMMITTEE. COMPENSATION DECISIONS ARE RECOMMENDED TO THIS COMMITTEE BY THE DIRECTOR OF FOREST OPERATIONS FOR HIS EMPLOYEES AND ARE BROUGHT BEFORE THE COMMITTEE FOR APPROVAL. THE EXECUTIVE COMMITTEE RECOMMENDS, DETERMINES, AND APPROVES SALARY AND OTHER COMPENSATION ELEMENTS FOR THE DIRECTOR OF FOREST OPERATIONS, IN ADDITION TO APPROVING RECOMMENDATIONS FROM THE DIRECTOR ABOUT HIS STAFF. FORM 990, PART VI, SECTION C, LINE 18 THE 990 IS LISTED ON THE WEBSITE. FORM 1023 (WHICH WAS FILED PRIOR TO JULY 15, 1987) IS NOT PUBLICLY AVAILABLE. FORM 990, PART VI, SECTION C, LINE 19 THE AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE WEBSITE: HTTP://FOUNDATIONSACCOUNTING.OFA.NCSU.EDU/FOUNDATIONS/NC-STATE-NATURAL- RESOURCES-FOUNDATION-INC. OTHER GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 24E DUES & SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 11,177. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 3,505. TOTAL EXPENSES 14,682. CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 11,180. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,180. PRINTING & BINDING: PROGRAM SERVICE EXPENSES 8,465. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 43. TOTAL EXPENSES 8,508. FORM 990, PART XI, LINE 9: DECREASE IN VALUE OF SPLIT INTEREST AGREEMENT -31,942. TRANSFER OF FUNDS TO/FROM ASSOCIATED ENTITY -1,700. PAGE 1, ITEM J- WEBSITE HTTP://FOUNDATIONSACCOUNTING.OFA.NCSU.EDU/FOUNDATIONS/NC- STATE-NATURAL-RESOURCES-FOUNDATION-INC NC STATE UNIVERSITY FOUNDATION INC NCSU BOX 7207 RALEIGH NC 27695 566049503 SUPPORTS THE VARIOUS COLLEGES WITHIN THE UNIVERSITY NC 501(C)(3) 170(B)(1)(A)(IV) N/A 0 NC STATE INVESTMENT FUND INC NCSU BOX 7207 RALEIGH NC 27695 311607634 INVEST FUNDS OF NC STATE UNIVERSITY ENDOWMENT AND RELATED ENTITIES NC 501(C)(3) 509(A)(3) N/A 0 NC STATE UNIVERSITY NCSU BOX 7205 RALEIGH NC 27695 566000756 EDUCATION NC 170(C)(1) N/A 0 THE NORTH CAROLINA AGRICULTURAL FOUNDATION INC NCSU BOX 7207 RALEIGH NC 27695 566049304 SUPPORTS THE COLLEGE OF AGRICULTURE AND LIFE SCIENCES AT NCSU NC 501(C)(3) 170(B)(1)(A)(IV) N/A 0 NC STATE UNIVERSITY ALUMNI ASSOCIATION INC NCSU BOX 7207 RALEIGH NC 27695 566035544 PROMOTES ALUMNI AFFAIRS & AWARENESS OF NCSU IN COMMUNITY NC 501(C)(3) 170(B)(1)(A)(IV) N/A 0 NC STATE ENGINEERING FOUNDATION INC NCSU BOX 7207 RALEIGH NC 27695 566046987 SUPPORTS THE COLLEGE OF ENGINEERING AT NCSU NC 501(C)(3) 170(B)(1)(A)(IV) N/A 0 NC STATE UNIVERSITY COLLEGE OF SCIENCES FOUNDATION INC NCSU BOX 7207 RALEIGH NC 27695 581524289 SUPPORTS THE COLLEGE OF SCIENCES AT NCSU NC 501(C)(3) 170(B)(1)(A)(IV) N/A 0 NORTH CAROLINA TOBACCO FOUNDATION INC NCSU BOX 7207 RALEIGH NC 27695 591715828 SUPPORTS THE TOBACCO CURRICULUM AT NCSU NC 501(C)(3) 170(B)(1)(A)(IV) N/A 0 NORTH CAROLINA VETERINARY MEDICAL FOUNDATION INC NCSU BOX 7207 RALEIGH NC 27695 581344473 PROVIDES FINANCIAL SUPPORT IN THE FIELD OF VETERINARY MEDICINE NC 501(C)(3) 170(B)(1)(A)(IV) N/A 0 NC STATE UNIVERSITY PARTNERSHIP CORPORATION NCSU BOX 7207 RALEIGH NC 27695 561444287 SUPPORT ORGANIZATION OF NC STATE UNIVERSITY NC 501(C)(3) 509(A)(3) N/A 0 NC STATE UNIVERSITY STUDENT AID ASSOCIATION PO BOX 37100 RALEIGH NC 27627 560650623 SUPPORTS ATHLETIC PROGRAM AT NCSU NC 501(C)(3) 170(B)(1)(A)(IV) N/A 0 NORTH CAROLINA TEXTILE FOUNDATION INC NCSU BOX 8301 RALEIGH NC 27695 566045324 AIDS EDUCATION & RESEARCH IN THE COLLEGE OF TEXTILES AT NCSU NC 501(C)(3) 170(B)(1)(A)(IV) N/A 0 CHARITABLE REMAINDER TRUSTS (2) ASSET INVESTMENT NC NC STATE NATURAL RESOURCES FOUNDATION T 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 0