2018-11-06T13:00:41-08:00 2018-06-30 562271237 THOMAS & GIBBS CPAS PLLC 6114 FAYETTEVILLE RD STE 101 DURHAM NC 277136284 990 2017-07-01 566075899 The North Carolina A &T Real Estate Foundation Inc NORT 3364335560 PO BOX 20366 Greensboro NC 27420 Mark Kiel Treasurer 2018-11-06 true Kenneth D Gibbs P00238164 9195440555 2017 2019-02-21 02:37:17Z 29748311 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. 10 10 0 -126943 -126943 4373869 3647868 277980 273856 1171704 566463 3074302 2496426 8897855 6984613 1085351 1154709 0 502250 551991 0 0 2610812 3099373 4198413 4806073 4699442 2178540 63061405 86091491 39584835 59274966 23476570 26816525 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. true false 3938848 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 six new grants totaling $946,983 that were awarded from the following corporations: Altria, Intel Corp, John Deere, Northrop Grumman Corporation, and Union Pacific. These grants enhanced our Office of Career Services, Financial Aid, and several academic programs within our College of Engineering, College of Business & Economics, College of Science & Technology and College of Agriculture & Environmental Sciences. A resource to the University, the Foundation provide direct scholarship in the amount of $275,0000. The Foundation also awarded $880,709 from department scholarship funds. 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 200 events. The Event Center hosted premier world leaders whose presence elevated the national and international recognition of the University. Facebook founder, Mark Zuckerberg was a feature speaker in one of the Chancellor's Town Hall forum. Other speakers included John Daymond, a renowned entrepreneur and Valerie Jarrett, the longest serving senior advisor to a president. These forums offered students engagement opportunities for expanding on real world situation and future development. During the construction of a new student activity center, the Foundation Event Center was the focal point of significant student programming, over the past three years, and served in a transitional role that immeasurable increased student satisfaction. The Foundation provides facilities for a five star child development laboratory for academic preparation and teaching. 3938848 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 96 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 X 10 10 false false false false false false false true true false false true true true true true true true true false X Ralph Fennell 3364335560 PO Box 20366 Greensboro NC 27420 Shirley T Frye Board Chair 0.50 0.00 X X 0 0 0 Ralph E Fennell Executive Dir. 50.00 0.00 X X 0 142688 30196 Haven Cockerham Vice Chair 0.50 0.00 X X 0 0 0 Clifford A Maske Director 0.50 0.00 X 0 0 0 Kim Gatling Director 0.50 0.00 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 Charles Blackmon Foundation Atty 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 0 0 Kenneth Dimock Audit Committee 0.50 0.00 X 0 0 0 Mark Kiel Treasurer 0.50 0.00 X X 0 0 0 142688 30196 0 false true true 0 3647868 3647868 Fee Income 273856 251721 22135 273856 697636 697636 0 0 8720827 6630803 2090024 2090024 2239102 -149078 16001722 16132895 -131173 -131173 -131173 0 0 0 Other Income 611710 406402 406402 406402 6984613 3463688 -126943 0 1154709 1154709 0 0 0 0 424743 424743 0 99378 99378 27870 27870 0 0 0 0 0 0 66976 66976 0 0 0 0 0 7553 7553 0 0 7042 7042 0 9691 9691 28508 28508 Academic & Departmental 2784139 2784139 Miscellaneous 80735 80735 Other Contract Services 44826 44826 Repairs and Maintenance 29621 29621 40282 40282 4806073 3938848 867225 0 7717364 9965089 10436276 11974513 179844 75388 217189 274153 0 0 0 0 9581 25980 65728183 13312313 29504662 52415870 0 4639238 4861648 0 0 10357251 6498850 63061405 86091491 515874 1183889 37428703 33461805 1053048 1231873 23108878 587210 288521 39584835 59274966 X 9055945 11076143 9787349 11098918 4633276 4641464 23476570 26816525 63061405 86091491 2178540 1161415 X false true X true false X 2242707 2371795 3138281 4373869 3647868 15774520 0 0 2242707 2371795 3138281 4373869 3647868 15774520 0 15774520 619379 553375 459260 863881 697636 3193531 0 232010 305883 353184 280077 406402 1577556 20545607 0.76780 0.74230 X false 1053048 777147 634233 1195962 true 5808402 72805 540357 338417 6083147 5304875 197919 492190 186582 5808402 5645182 133456 226786 271819 5733605 5660134 138903 -166103 101103 5531831 5385452 79039 819229 299631 5984089 0.02000 0.77000 0.21000 false false false 5251192 5251192 57894622 11865429 46029193 1265648 402372 863276 887920 788416 99504 428801 256096 172705 52415870 4861648 Cash surrender value of life insurance 17237 Land held for resale 187900 Restricted Assets 6293712 Rounding 1 6498850 Interest Rate Swap Agreement 288521 288521 X 8145954 1161341 1161341 6984613 6984613 4806073 4806073 4806073 Part X : FIN48 Footnote Uncertain tax positions - For the year ended June 30, 2017, 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. true 0 0 Scholarships and Awards 1154709 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 Ralph E Fennell Executive Dir. 142688 23314 6882 172884 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 A 24245853 2114311 21249100 485859 396588 true false false true B 21500000 1270400 373739 215943 17911704 1278214 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 A false true false false false true B false true false false false true A true B 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 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 apartments adjacent to the University with 360 beds to support enrollment growth. The Foundation has acquired property that is used by the University's band that is adjacent to the University's stadium. The Foundation leased 726 beds to support enrollment growth. The Foundation has forged a partnership initiative and exacting future planning for mixed use student housing that includes retail amenities in the next several years. New residence hall planning with architects and the University's leadership team to finance, construct and build a 425+ residential life facility with retail. The Foundation has extended liquidity support for the Gateway Research Park construction that affords employment opportunities for A&T engineering graduates. 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. THE NC A&T UNIVERSITY FOUNDATION LLC 200 NORTH BENBOW ROAD GREENSBORO NC 27411 562222757 Manage student housing for use by the University NC 4961771 28828860 N/A Alumni Association 200 N Benbow Road Greensboro NC 27411 Alumni Relations NC 501(c)(3) N/A false NC A&T State University 1601 E Market St Greensboro NC 27401 Public University N/A false false true false false false false false false false true false false false false true true false false false Alumni Association j 9790 NC A&T State University o 1697904 NC A&T State University p 50000