2019-11-27T07:33:54-06:00 2019-06-30 560517823 KOONCE WOOTEN & HAYWOOD LLP P O BOX 17806 RALEIGH NC 276197806 990 2018-07-01 566045324 NORTH CAROLINA TEXTILE FOUNDATION INC NORT 9195153878 CAMPUS BOX 8301 RALEIGH NC 276958301 BRENDAN SULLIVAN TREASURER 9195151146 2019-11-21 1 LINWOOD C FAULCONER P00445962 9197829265 24.106.199.106 2019-11-21 12:21:50 ES P 5C8A1C1E734A9AD4569125BF30D14546701279C4 3E9B1ACC26AEF4A3E251BA82C10B5EBD7AF95121 2018 2020-03-31 21:24:44Z MICHAEL WARD CAMPUS BOX 8301 RALEIGH NC 276958301 47796678 0 X WWW.TEXTILES.NCSU.EDU/GIVING/NC-TEXTILE-FOUNDATIO X 1942 NC SUPPORT THE COLLEGE OF TEXTILES AT NORTH CAROLINA STATE UNIVERSITY THROUGH SCHOLARSHIPS, PROFESSORSHIPS, RESEARCH AND OTHER NEEDS 17 17 0 16 0 0 2164836 13578912 0 1825 2146253 1211938 1136 0 4312225 14792675 2649767 3035012 0 0 0 0 0 0 297958 838607 1028817 3488374 4063829 823851 10728846 48621257 63460204 419712 541535 48201545 62918669 X THE MISSION OF THE NORTH CAROLINA TEXTILE FOUNDATION IS TO PROMOTE THE WELFARE, FUTURE DEVELOPMENT AND REPUTATION OF THE COLLEGE OF TEXTILES AT NORTH CAROLINA STATE UNIVERSITY AS THE PREMIER INSTITUTION FOR TEXTILE EDUCATION AND RESEARCH. AS A NONPROFIT ORGANIZATION, THE FOUNDATION SUPPORTS THE COLLEGE BY PROVIDING FUNDS FOR SCHOLARSHIPS TO DESERVING UNDERGRADUATE AND GRADUATE STUDENTS, RECRUITMENT AND RETENTION OF HIGHLY QUALIFIED EDUCATORS AND RESEARCHERS AND THE ACQUISITION AND MAINTENANCE OF STATE-OF-THE-ART EQUIPMENT AND FACILITIES FOR RESEARCH AND EDUCATION. 0 0 1831987 1831987 1166520 THE FOUNDATION SUPPORTS THE COLLEGE OF TEXTILES AT NORTH CAROLINA STATE UNIVERSITY THROUGH GRANTS FOR FACILITIES, FACULTY, FELLOWSHIPS, SCHOLARSHIPS AND EQUIPMENT. 1203025 1203025 412390 THE FOUNDATION AWARDS SCHOLARSHIPS TO DESERVING GRADUATE AND UNDERGRADUATE STUDENTS OF THE COLLEGE OF TEXTILES AT NORTH CAROLINA STATE UNIVERSITY BASED ON MERIT 3035012 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 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 10 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X DONNA DAETWEILER 9195153878 CAMPUS BOX 8301 RALEIGH NC 276958301 PEACHES GUNTER BLANK DIRECTOR 0.00 X 0 0 0 ELLEN ROHDE DIRECTOR 0.00 X 0 0 0 GEORGE RAGSDALE DIRECTOR 0.00 X 0 0 0 BRENDAN SULLIVAN TREASURER 0.00 X X 0 0 0 LES MILLER DIRECTOR 0.00 X 0 0 0 RICK ELMORE VICE PRESIDENT 0.00 X X 0 0 0 TY HUGGINS DIRECTOR 0.00 X 0 0 0 ELIZABETH CALABRESE DIRECTOR 0.00 X 0 0 0 ROBIN PERKINS DIRECTOR 0.00 X 0 0 0 CHARLES H FLYNT JR DIRECTOR 0.00 X 0 0 0 CHARLES S HEILIG III PRESIDENT 0.00 X X 0 0 0 KAREN STUCKEY DIRECTOR 0.00 X 0 0 0 DERICK S CLOSE DIRECTOR 0.00 X 0 0 0 DAVID HINKS EX-OFFICIO MEMBER 0.00 X 0 0 0 NANCY WEBSTER SECRETARY 0.00 X X 0 0 0 KEN KUNBERGER DIRECTOR 0.00 X 0 0 0 LEIB OEHMIG DIRECTOR 0.00 X 0 0 0 MICHAEL WARD EXECUTIVE DIRECTOR/EX-OFFI 40.00 X 0 0 0 CARRIE BHADA FORMER EXECUTIVE DIRECTOR/EX-OFFI 40.00 X 158006 0 14928 158006 0 14928 1 1 1 0 0 13578912 70354 13578912 SCHOLARSHIP & ENRICHMENT REPAYMEN 900099 1825 1825 1825 460241 460241 33755700 32999646 4357 756054 -4357 751697 751697 14792675 0 0 1213763 3035012 3035012 189290 189290 34782 34782 15681 15681 93864 5133 88731 31516 8224 23292 3527 3527 6274 6274 REIMBURSED EXPENSES 458859 458859 UNIVERSITY ASSESSMENT 163820 163820 MAILINGS/POSTAGE/MATERI 14028 2002 12026 ENTERTAINMENT AND PROMO 6821 6821 10355 7087 3268 4063829 3035012 730859 297958 34015 51256 34385 20256 10789 14129 46654862 62874610 1878537 474674 43054 45535 48621257 63460204 419712 541535 419712 541535 X 6436222 19036420 22746201 24504536 19019122 19377713 48201545 62918669 48621257 63460204 X 10728846 3978883 9395 X X 0 1 X 1 0 X 3177419 1176204 1177000 2164836 1578912 9274371 3177419 1176204 1177000 2164836 1578912 9274371 9274371 963063 533971 612814 503432 460241 3073521 1617 2917 1331 1136 1825 8826 12356718 0.75060 X SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS: DESCRIPTION: NAMING OF COLLEGE DATE: 06/30/19 AMOUNT: 12000000. PART II, SECTION B, LINE 10 OTHER INCOME OF $1,825 IS FOR REPAYMENT OF ENRICHMENT GRANTS UNUSED BY RECEIPIENTS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 46672253 12361475 5010092 2357707 61686113 44540564 513521 3916846 2298678 46672253 41198724 439106 5195631 2292897 44540564 43407289 302624 -520469 1990720 41198724 42258900 2645675 258896 1756182 43407289 0.30650 0.31410 0.37940 0 0 34385 20256 14129 14129 X 18591663 3978883 9395 3988278 14603385 189290 189290 14792675 3874539 0 3874539 189290 189290 4063829 PART X, LINE 2: IT IS THE FOUNDATION'S POLICY TO EVALUATE ALL TAX POSITIONS TO IDENTIFY THOSE THAT MAY BE CONSIDERED UNCERTAIN. ALL IDENTIFIED MATERIAL TAX POSITIONS ARE ASSESSED AND MEASURED BY A "MORE-LIKELY-THAN-NOT" THRESHOLD TO DETERMINE IF THE BENEFIT OF ANY CERTAIN TAX POSITION SHOULD BE RECOGNIZED IN THE PERIOD THE CHANGE OCCURS PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 6,915. INCREASE IN CASH SURRENDER VALUE OF LIFE INSURANCE 2,480. 1 NC STATE UNIVERSITY COLLEGE OF TEXTILES 1000 MAIN CAMPUS DRIVE RALEIGH NC 27695 566000756 501(C)(3) 3035012 TO PROVIDE FOR STUDENT SCHOLARSHIPS, FUND RESEARCH AND PROFESSORSHIPS AND ASSIST WITH CAPITAL PURCHASES 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 0 0 0 0 0 0 0 0 0 CARRIE BHADA FORMER EXECUTIVE DIRECTOR/EX-OFFI 158006 0 0 0 0 0 0 0 14928 0 172934 0 0 0 X 5 70354 QUOTED MARKET PRICE (FV) 0 0 0 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 6,915. INCREASE IN CASH SURRENDER VALUE OF LIFE INSURANCE 2,480. FORM 990, PART XII, LINE 2C DESCRIPTIN OF OVERSIGHT OF AUDIT: THE FOUNDATION HAS AN AUDIT COMMITTEE CONSISTING OF BOARD MEMBERS THAT REVIEW THE AUDIT REPORT, MONITORS THE PROGRESS OF THE AUDIT PROCESS AND KEEPS AN OPEN LINE OF COMMUNICATION WITH THE AUDITORS NC STATE UNIVERSITY PO BOX 8502 RALEIGH NC 27695 566000756 SCHOLARSHIP AND OTHER SUPPORT FOR THE COLLEGE OF TEXTILES NC 170(B)(1)(A)(IV) 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 3035012 AGENCY AGREEMENT