2020-02-06T13:02:24-08:00 2019-06-30 562271237 THOMAS & GIBBS CPAS PLLC 6114 FAYETTEVILLE RD STE 101 DURHAM NC 277136284 990 2018-07-01 566075899 The North Carolina A &T Real Estate Foundation Inc NORT 3364335560 PO BOX 20366 Greensboro NC 27420 Mark Kiel Treasurer 2020-02-06 true Kenneth D Gibbs P00238164 9195440555 2018 2020-11-19 02:30:22Z PO BOX 20366 Greensboro NC 27420 19423110 false 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. 9 9 0 -177843 -177843 3647868 3149404 273856 402497 566463 320271 2496426 7781950 6984613 11654122 1154709 1727765 0 551991 1472510 0 0 3099373 7350933 4806073 10551208 2178540 1102914 86091491 94970554 59274966 66358430 26816525 28612124 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 4546416 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 one new corporate grant from General Motors in the amount of $125,000 to support the University's Pipeline Program. Additionally, the Foundation received two grants from Foundation granting agencies. A $150,000 grant from the Golden Leaf Foundation to supporr the College of Agricultural & Environmental Science Industrial Hemp Pilot Program and a one year sub grant in the amount of $150,000 from the Verizon Foundation to support the Verizon Innovative Learning education initiative for the College of Science & Technology. The VIL Minority Males Program focuses on providing STEM and entrepreneurial skills to underserved middles chool minority males throughout the school year. A resource to the University, the Foundation provided direct scholarships in the amount of $300,0000. The Foundation also awarded $1,678,965 from University department scholarship funds held at our Foundation The Foundation provides student housing to support the NC A&T State University's enrollment and retention maintaining a 99% occupancy. The Event Center played 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. The Event Center hosted nearly 149 events. The Event Center hosted premier world leaders whose presence elevated the national and international recognition of the University. The Foundation provides facilities for a five star child development laboratory for academic preparation and teaching. 4546416 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 117 0 false 0 false true true false false false true true true true false 0 false false false false false false false false false false false false X 9 9 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 Haven Cockerham Chair 0.50 0.00 X X 0 0 0 Clifford A Maske Director 0.50 0.00 X 0 0 0 Kim Gatling Vice Chair 0.50 0.00 X X 0 0 0 Russ Parmele Director 0.50 0.00 X 0 0 0 Torian R Priestly Director 0.50 0.00 X 0 0 0 Gerald Truesdale Secretary 0.50 0.00 X X 0 0 0 Harold LMartin Sr Director 0.50 0.00 X 0 387847 75946 Kenneth Dimock Director 0.50 0.00 X 0 0 0 Mark Kiel Treasurer 0.50 0.00 X X 0 0 0 Kimberly Cameron Executive Dir. 25.00 0.00 X 0 0 0 Ralph E Fennell Executive Dir. 25.00 0.00 X 0 149327 33081 537174 109027 0 false true true 0 3149404 3149404 Fee Income 402497 387269 15228 402497 169458 169458 0 0 14945048 7768988 7176060 7176060 7369131 -193071 150813 150813 150813 150813 0 0 0 Other Income 611710 605890 605890 605890 11654122 8682561 -177843 0 1727765 1727765 0 0 0 0 1189606 668369 521237 0 212927 93006 119921 69977 37400 32577 0 0 0 0 0 0 52138 41156 10982 0 0 0 0 4928534 175735 4752799 156441 153415 3026 0 0 82339 82339 0 73292 73292 -15068 -15068 Other Contract Services 860442 752751 107691 Supplies and Equipment 458770 425052 33718 Miscellaneous 398604 222935 175669 Academic & Departmental 225596 225596 129845 23236 106609 10551208 4546416 6004792 0 9965089 9927918 11974513 13148396 75388 232023 274153 729541 0 0 0 0 25980 0 72544657 14941335 52415870 57603322 0 4861648 4817721 0 0 6498850 8511633 86091491 94970554 1183889 1172922 33461805 60368928 1231873 1403256 23108878 3082920 288521 330404 59274966 66358430 X 11076143 13027031 11098918 9660131 4641464 5924962 26816525 28612124 86091491 94970554 X 1102914 749820 -57134 -1 X false true X true false X 2371795 3138281 4373869 3647868 3149404 16681217 0 0 2371795 3138281 4373869 3647868 3149404 16681217 1525695 15155522 553375 459260 863881 697636 290853 2865005 0 305883 353184 280077 406402 618599 1964145 21510367 0.70460 0.69990 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false 1231873 1008040 836657 1403256 true 6083147 90282 381077 478657 6075849 5808402 72805 540357 338417 6083147 5304875 197919 492190 186582 5808402 5645182 133456 226786 271819 5733605 5660134 138903 -166103 101103 5531831 0.02000 0.76000 0.22000 false false false 8009617 8009617 61454491 13121263 48333228 1658402 708002 950400 887920 855974 31946 534227 256096 278131 57603322 4817721 Cash surrender value of life insurance 18203 Land held for resale 187900 Restricted Assets 8305530 8511633 Interest Rate Swap Agreement 330404 330404 X 20115796 692686 7768988 8461674 11654122 11654122 18320196 7768988 7768988 10551208 10551208 Part X : FIN48 Footnote Uncertain tax positions - For the year ended June 30, 2019, 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 Rent expenses netted in 990 $7768988 true 0 0 Scholarships and Awards 1727765 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 false Harold LMartin Sr Director 387847 69942 6004 463793 Ralph E Fennell Executive Dir. 149327 27077 6004 182408 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 A 24245853 2114311 21249100 485859 396588 true false false true B 21500000 1270400 373739 215943 17911704 1278214 false false false true C 28471501 2569947 656197 25719996 false false false 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 A false true false false false true B false true false false false true C false true false false false true A true B true C true Form 990, Part III, Line 4d: Other Program Services Description OTHER PROGRAM SERVICES 4: The Foundation's mission is centered on service. Students drive the mission of the University's Preeminence Plan. The Foundation's support of the University has bolstered the enrollment growth of the University and the University has captured the recognition, among others, the largest and number one HBCU in the country. The Foundation has acquired high-quality real estate for the benefit of NC A&T State University's Master Plan. The Foundation has acquired two apartment complexes adjacent to the University with a combined total 467 beds to support enrollment growth. The Foundation leased 726 beds to support enrollment growth. The Foundation has forged a partnership initiative in the form of the East Greensboro Renaissance Community Advisory Committee. The Foundation has retained consultants that have methodically researched and processed information pertaining to East Greensborro, local resources and federal resources to accomplish the economic develoment goals of the Foundation. 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 Review is handled by the personnel committee of the board. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees Review is handled by the personnel committee of the board. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Available upon written request. Other Changes In Net Assets Or Fund Balances - Other Decreases Rounding differences = -$1 THE NC A&T UNIVERSITY FOUNDATION LLC 200 NORTH BENBOW ROAD GREENSBORO NC 27411 562222757 Manage student housing for use by the University NC 5856249 34669952 N/A The NC A&T Real Estate Foundation LLC 200 N Benbow Rd Greensboro NC 274110003 Acquire, maintain, and manage student housing NC 1789446 28541876 N/A The NC A&T Investment Foundation Inc 1601 E Market Street Greensboro NC 27401 823043129 Sole purpose of providing investment management NC 4105774 17445462 N/A 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 true false false false false false false false true false false false false true true true false false Alumni Association b 14031 Alumni Association j 4140 NC A&T State University p 2049491 NC A&T State University q 5924377 The Aggie Athletic Foundation o 58310