2018-01-24T07:10:41-08:00 2017-06-30 THOMAS & GIBBS CPAS PLLC 6114 FAYETTEVILLE RD STE 101 DURHAM NC 277136284 990 2016-07-01 566075899 The North Carolina A &T Real Estate Foundation Inc NORT 3364335560 PO BOX 20366 Greensboro NC 27420 Mark Kiel Treasurer 2018-01-24 true Kenneth D Gibbs P00238164 9195440555 2016 2021-01-29 14:40:06Z 18023370 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 78 -49911 -49911 3138281 4373869 233270 277980 206941 1171704 2360124 3074302 5938616 8897855 1188164 1085351 0 608329 502250 0 0 3088341 2610812 4884834 4198413 1053782 4699442 58796130 63061405 40521411 39584835 18274719 23476570 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 3418226 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 two new grants totaling $2,350,000. A $350,000 grant from Intel Corporation to enhance the Computer Science and Electrical & Computing Engineering programs. A $2,000,000 four year grant from Merck to support the Center for Outreach in Alzheimer's, Aging and Community Health. The Information Technology Department was a recipient of a $20,000 IBM Faculty award.The Foundation awarded $810,351 from department scholarship funds and $275,000 from the Foundation. The Foundation provides student housing to support the NC A&T State University's enrollment and retention maintaining a 98% occupancy. The Event Center hosts all of the University's New Student Program events, executive board meetings of the Chancellor and special university-related events. The Event Center is the site for annual departmental hosted conferences such as The NC Consortium for International and Interculture Education (NCIIE), Engineering Week, Small Farmers Week, and COAACH (Alzheimer's Caregivers Conference). The Event Center creates more visibility for the campus which is a component of the university's Preimenence 2035 Master Plan. The Event Center was the primary site for student orientation programs, new student campus visits and major student activity functions. The Event Center was the site for three major events on a global platform: 1. An HBCU Student Forum hosted by ESPN's The Undefeated with President Barak Obama.2. Chancellor's Town Hall with Facebook Founder and CEO Mark Zuckerburg and 3. The first Chancellor's Speaker Series Talk whose speaker was Daymond John of ABC's Shark Tank. The Foundation provides facilities for a five star child development laboratory for academic preparation and teaching. 3418226 true true false false false false false false true true true true false true true true true false false false false false false false true false false false true true true false false false false false false false false false false false false false false true true false false true false true 111 0 true 78 true 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 142792 0 34703 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 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 142792 34703 1 false true false Wilfredos Painting and Home Improvement PO Box 1212 Jamestown NC 272821212 Painting 145850 1 4373869 4373869 Fee Income 277980 260296 17684 277980 863881 863881 0 0 7605994 4885621 2720373 2720373 2787968 -67595 4336588 4028765 307823 307823 307823 284981 211129 73852 0 0 Other Income 611710 280077 280077 280077 8897855 4500045 -49911 0 1085351 1085351 0 0 177495 177495 0 219147 219147 0 79372 79372 26236 26236 0 0 0 0 0 0 90997 90997 0 0 0 0 0 970 970 0 0 0 0 605 605 26335 26335 Academic & Departmental 2332875 2332875 Miscellaneous 88257 88257 Bad Debt Expense 20000 20000 Utilities 17503 17503 33270 33270 4198413 3418226 780187 0 4566702 7717364 9151238 10436276 518616 179844 559594 217189 0 0 0 0 49753 9581 41799425 12294763 29899006 29504662 0 4639238 4639238 0 0 9411983 10357251 58796130 63061405 156944 515874 175454 38235854 37428703 950469 1053048 1002690 587210 40521411 39584835 X 6227389 9055945 7619725 9787349 4427605 4633276 18274719 23476570 58796130 63061405 X 4699442 502408 1 X false true X true false X 5716938 2242707 2371795 3138281 4373869 17843590 0 0 5716938 2242707 2371795 3138281 4373869 17843590 0 17843590 494231 619379 553375 459260 863881 2990126 0 2034256 232010 305883 353184 280077 3205410 24039126 0.74230 0.69760 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false 950785 664360 -562097 1053048 true 5304875 197919 492190 186582 5808402 5645182 133456 226786 271819 5733605 5660134 138903 -166103 101103 5531831 5385452 79039 819229 299631 5984089 0.02000 0.80000 0.18000 false false false 1873543 1873543 37763154 11116701 26646453 850148 220541 629607 883779 701425 182354 428801 256096 172705 29504662 4639238 Bond issuance cost 3262521 Cash surrender value of life insurance 18262 Land held for resale 187900 Restricted Assets 6888567 Rounding 1 10357251 Interest Rate Swap Agreement 587210 587210 X 8897855 8897855 8897855 4198413 4198413 4198413 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. X false Homecoming Concerts 284981 284981 211129 284981 284981 211129 211129 73852 true 0 0 Scholarships and Awards 1085351 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. 142792 22489 12214 177495 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 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 Increases Rounding = $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 3479056 29504663 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 b 9009 Alumni Association j 22524 NC A&T State University o 980393 NC A&T State University p 50000