NORTH CAROLINA TEXTILE FOUNDATION INC: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization: NORTH CAROLINA TEXTILE FOUNDATION INC (EIN 56-6045324)
Tax period: 2016-07-01 to 2017-06-30
Filed: 2017-12-06
IRS object ID: 201713409349300116
Schema version: 2016v3.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule I
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2017-12-06T08:31:34-06:00	ReturnTs
Tax Period End	2017-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	560517823	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	KOONCE WOOTEN & HAYWOOD LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	P O BOX 17806	AddressLine1Txt
City	RALEIGH	CityNm
State Abbreviation	NC	StateAbbreviationCd
ZIP	276197806	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2016-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	566045324	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	NORTH CAROLINA TEXTILE FOUNDATION INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	NORT	BusinessNameControlTxt
Phone	9195153878	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	CAMPUS BOX 8301	AddressLine1Txt
City	RALEIGH	CityNm
State Abbreviation	NC	StateAbbreviationCd
ZIP	276958301	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	BRIAN MCMURRAY	PersonNm
Person Title	TREASURER	PersonTitleTxt
Phone	9195153878	PhoneNum
Signature	2017-11-15	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	LINWOOD C FAULCONER	PreparerPersonNm
PTIN	P00445962	PTIN
Phone	9197829265	PhoneNum

Filing Security Information FilingSecurityInformation

IP Address IPAddress

Field	Value	IRS element (for citing)
I Pv4 Address	24.106.199.106	IPv4AddressTxt

Field	Value	IRS element (for citing)
IP	2017-11-15	IPDt
IP Tm	08:24:17	IPTm
IP Timezone	ES	IPTimezoneCd
Filing License Type	P	FilingLicenseTypeCd
At Submission Creation Device Id	D313F21B472A992910E0C442DF7CB5E740836F50	AtSubmissionCreationDeviceId
At Submission Filing Device Id	0980197F70138E21CFC0DEA44E2CC3AE3CC8D18E	AtSubmissionFilingDeviceId

Field	Value	IRS element (for citing)
Tax	2016	TaxYr
Build TS	2017-02-10 21:41:12Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	CARRIE BHADA	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	CAMPUS BOX 8301	AddressLine1Txt
City	RALEIGH	CityNm
State Abbreviation	NC	StateAbbreviationCd
ZIP	276958301	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$21,426,311	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	WWW.TX.NCSU.EDU	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1943	FormationYr
Legal Domicile State	NC	LegalDomicileStateCd
Activity Or Mission	SUPPORT THE COLLEGE OF TEXTILES AT NORTH CAROLINA STATE UNIVERSITY THROUGH SCHOLARSHIPS, PROFESSORSHIPS, RESEARCH AND OTHER NEEDS	ActivityOrMissionDesc
Voting Members Governing Body	17	VotingMembersGoverningBodyCnt
Voting Members Independent	17	VotingMembersIndependentCnt
Total Employee	0	TotalEmployeeCnt
Total Volunteers	16	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$1,176,204	PYContributionsGrantsAmt
CY Contributions Grants	$1,177,000	CYContributionsGrantsAmt
PY Program Service Revenue	$2,882	PYProgramServiceRevenueAmt
CY Program Service Revenue	$951	CYProgramServiceRevenueAmt
PY Investment Income	$3,026,015	PYInvestmentIncomeAmt
CY Investment Income	$2,457,217	CYInvestmentIncomeAmt
PY Other Revenue	$35	PYOtherRevenueAmt
CY Other Revenue	$380	CYOtherRevenueAmt
PY Total Revenue	$4,205,136	PYTotalRevenueAmt
CY Total Revenue	$3,635,548	CYTotalRevenueAmt
PY Grants And Similar Paid	$2,145,899	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$2,172,382	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$0	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$0	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$233,302	CYTotalFundraisingExpenseAmt
PY Other Expenses	$693,441	PYOtherExpensesAmt
CY Other Expenses	$930,159	CYOtherExpensesAmt
PY Total Expenses	$2,839,340	PYTotalExpensesAmt
CY Total Expenses	$3,102,541	CYTotalExpensesAmt
PY Revenues Less Expenses	$1,365,796	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$533,007	CYRevenuesLessExpensesAmt
Total Assets BOY	$42,454,400	TotalAssetsBOYAmt
Total Assets EOY	$45,876,541	TotalAssetsEOYAmt
Total Liabilities BOY	$466,523	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$447,838	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$41,987,877	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$45,428,703	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	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.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$1,138,205	ExpenseAmt
Grant	$1,138,205	GrantAmt
Revenue	$737,894	RevenueAmt
Desc	THE FOUNDATION SUPPORTS THE COLLEGE OF TEXTILES AT NORTH CAROLINA STATE UNIVERSITY THROUGH GRANTS FOR FACILITIES, FACULTY, FELLOWSHIPS, SCHOLARSHIPS AND EQUIPMENT	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Expense	$1,034,177	ExpenseAmt
Grant	$1,034,177	GrantAmt
Revenue	$439,106	RevenueAmt
Desc	THE FOUNDATION AWARDS SCHOLARSHIPS TO DESERVING GRADUATE AND UNDERGRADUATE STUDENTS OF THE COLLEGE OF TEXTILES AT NORTH CAROLINA STATE UNIVERSITY BASED ON MERIT	Desc

Field	Value	IRS element (for citing)
Total Program Service Expenses	$2,172,382	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	0	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Temp Or Permanent Endowments	Yes (1)	TempOrPermanentEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	Yes (1)	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	0	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	Yes (1)	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	0	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With Officer Ent	0	BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	Yes (1)	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	11	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	0	EmployeeCnt
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	17	GoverningBodyVotingMembersCnt
Independent Voting Member	17	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	Yes (1)	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	0	MembersOrStockholdersInd
Election Of Board Members	0	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	NC	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	DONNA DAETWEILER	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	9195153878	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	CAMPUS BOX 8301	AddressLine1Txt
City	RALEIGH	CityNm
State Abbreviation	NC	StateAbbreviationCd
ZIP	276958301	ZIPCd

Field	Value	IRS element (for citing)
No Listed Persons Compensated	Yes (X)	NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (17 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	OfficerOfficerInd
PEACHES GUNTER BLANK
DIRECTOR	0.00	Yes (X)	$0	$0	$0
ELLEN ROHDE
PRESIDENT	0.00	Yes (X)	$0	$0	$0	Yes (X)
WILLIAM D KIMBRELL II
DIRECTOR	0.00	Yes (X)	$0	$0	$0
BRIAN MCMURRAY
TREASURER	0.00	Yes (X)	$0	$0	$0	Yes (X)
LES MILLER
DIRECTOR	0.00	Yes (X)	$0	$0	$0
RICK ELMORE
DIRECTOR	0.00	Yes (X)	$0	$0	$0
MICHAEL W HALE
DIRECTOR	0.00	Yes (X)	$0	$0	$0
F DALE HAYES
DIRECTOR	0.00	Yes (X)	$0	$0	$0
ROBIN PERKINS
DIRECTOR	0.00	Yes (X)	$0	$0	$0
ALLEN GANT JR
DIRECTOR	0.00	Yes (X)	$0	$0	$0
CHARLES S HEILIG III
VICE PRESIDENT	0.00	Yes (X)	$0	$0	$0	Yes (X)
KAREN STUCKEY
DIRECTOR	0.00	Yes (X)	$0	$0	$0
DERICK S CLOSE
DIRECTOR	0.00	Yes (X)	$0	$0	$0
DAVID HINKS
EX-OFFICIO MEMBER	0.00	Yes (X)	$0	$0	$0
NANCY WEBSTER
SECRETARY	0.00	Yes (X)	$0	$0	$0	Yes (X)
KEN KUNBERGER
DIRECTOR	0.00	Yes (X)	$0	$0	$0
BRENDAN SULLIVAN
DIRECTOR	0.00	Yes (X)	$0	$0	$0

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$0	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$0	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	0	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	0	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K	0	CntrctRcvdGreaterThan100KCnt
All Other Contributions	$1,177,000	AllOtherContributionsAmt
Total Contributions	$1,177,000	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

Field	Value	IRS element (for citing)
Desc	SCHOLARSHIP & ENRICHMENT REPAYMEN	Desc
Business	900099	BusinessCd
Total Revenue Column	$951	TotalRevenueColumnAmt
Exclusion	$951	ExclusionAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$951	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$612,814	TotalRevenueColumnAmt
Exclusion	$612,814	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$19,635,166	SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$17,790,763	SecuritiesAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$1,844,403	SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$1,844,403	TotalRevenueColumnAmt
Exclusion	$1,844,403	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

Field	Value	IRS element (for citing)
Desc	OTHER INCOME	Desc
Business	900099	BusinessCd
Total Revenue Column	$380	TotalRevenueColumnAmt
Exclusion	$380	ExclusionAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$380	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$3,635,548	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$2,458,548	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$2,172,382	TotalAmt
Program Services	$2,172,382	ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$82,721	TotalAmt
Management And General	$82,721	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$13,500	TotalAmt
Management And General	$13,500	ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$166,462	TotalAmt
Management And General	$166,462	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$30,446	TotalAmt
Management And General	$30,446	ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$7,318	TotalAmt
Management And General	$7,318	ManagementAndGeneralAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$107,625	TotalAmt
Management And General	$21,739	ManagementAndGeneralAmt
Fundraising	$85,886	FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$23,480	TotalAmt
Management And General	$7,307	ManagementAndGeneralAmt
Fundraising	$16,173	FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$2,869	TotalAmt
Management And General	$2,869	ManagementAndGeneralAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$6,274	TotalAmt
Management And General	$6,274	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Management And GeneralManagementAndGeneralAmt	FundraisingFundraisingAmt
REIMBURSED EXPENSES	$352,222	$352,222
UNIVERSITY ASSESSMENT	$94,872		$94,872
MAILINGS/POSTAGE/MATERI	$27,040	$1,273	$25,767
ENTERTAINMENT AND PROMO	$7,895		$7,895

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$7,435	TotalAmt
Management And General	$4,726	ManagementAndGeneralAmt
Fundraising	$2,709	FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$3,102,541	TotalAmt
Program Services	$2,172,382	ProgramServicesAmt
Management And General	$696,857	ManagementAndGeneralAmt
Fundraising	$233,302	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$266,223	BOYAmt
EOY	$115,546	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$32,204	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$19,173	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$7,440	BOYAmt
EOY	$13,031	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$39,832,888	BOYAmt
EOY	$43,186,085	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$2,233,846	BOYAmt
EOY	$2,347,766	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$114,003	BOYAmt
EOY	$214,113	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$42,454,400	BOYAmt
EOY	$45,876,541	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$466,523	BOYAmt
EOY	$447,838	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$466,523	BOYAmt
EOY	$447,838	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows SFAS117	Yes (X)	OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$6,017,237	BOYAmt
EOY	$6,081,486	EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$18,026,368	BOYAmt
EOY	$20,851,232	EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$17,944,272	BOYAmt
EOY	$18,495,985	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$41,987,877	BOYAmt
EOY	$45,428,703	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$42,454,400	BOYAmt
EOY	$45,876,541	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$533,007	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$2,787,397	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	$120,422	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Supporting Organization509a3	Yes (X)	SupportingOrganization509a3Ind
Supporting Org Type3 Func Int	Yes (X)	SupportingOrgType3FuncIntInd
Supported Organizations	1	SupportedOrganizationsCnt

Supported Org Information SupportedOrgInformationGrp

Supported Organization Name SupportedOrganizationName

Field	Value	IRS element (for citing)
Business Name Line1	COLLEGE OF TEXTILES NORTH CAROLINA STATE UNIVERSITY	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
EIN	566000756	EIN
Organization Type	6	OrganizationTypeCd
Governing Document Listed	Yes (1)	GoverningDocumentListedInd
Support	$2,172,382	SupportAmt
Other Support	$0	OtherSupportAmt

Field	Value	IRS element (for citing)
Supported Organizations Total	1	SupportedOrganizationsTotalCnt
Support Sum	$2,172,382	SupportSumAmt
Other Support Sum	$0	OtherSupportSumAmt

Form990 Sch A Supporting Org Form990SchASupportingOrgGrp

Field	Value	IRS element (for citing)
Listed By Name Governing Doc	Yes (1)	ListedByNameGoverningDocInd
Suprt Org No IRS Determination	0	SuprtOrgNoIRSDeterminationInd
Supported Org Section C456	0	SupportedOrgSectionC456Ind
Supported Org Not Organized US	0	SupportedOrgNotOrganizedUSInd
Organization Change Suprt Org	0	OrganizationChangeSuprtOrgInd
Support Non Supported Org	0	SupportNonSupportedOrgInd
Payment Substantial Contribtr	0	PaymentSubstantialContribtrInd
Loan Disqualified Person	0	LoanDisqualifiedPersonInd
Controlled Disqualified Prsn	0	ControlledDisqualifiedPrsnInd
Disqualified Prsn Controll Int	0	DisqualifiedPrsnControllIntInd
Disqualified Prsn Ownr Int	0	DisqualifiedPrsnOwnrIntInd
Excess Business Holdings Rules	0	ExcessBusinessHoldingsRulesInd
Contribution Controller	0	ContributionControllerInd
Contribution Family	0	ContributionFamilyInd
Contribution35 Controlled	0	Contribution35ControlledInd

Form990 Sch A Type3 Sprt Org All Form990SchAType3SprtOrgAllGrp

Field	Value	IRS element (for citing)
Timely Provided Documents	Yes (1)	TimelyProvidedDocumentsInd
Officers Close Relationship	Yes (1)	OfficersCloseRelationshipInd
Supported Org Voice Investment	Yes (1)	SupportedOrgVoiceInvestmentInd

Form990 Sch A Type3 Func Int Form990SchAType3FuncIntGrp

Field	Value	IRS element (for citing)
Governmental Entity	Yes (X)	GovernmentalEntityInd

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART IV, SECTION E, LINE 1C:	THE FOUNDATION SUPPORTS NORTH CAROLINA STATE UNIVERSITY COLLEGE OF TEXTILES THROUGH GRANTS FOR STUDENT SCHOLARSHIPS, FACULTY SUPPORT AND STUDENT ACTIVITIES.
SCHEDULE A, PART VI, SECTION D, LINE 3	THE DEAN OF THE COLLEGE OF TEXTILES OR UNIVERSITY EX-OFFICIO DIRECTOR IS ON THE INVESTMENT COMMITTEE OF THE FOUNDATION.

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$41,198,724	BeginningYearBalanceAmt
Contributions	$439,106	ContributionsAmt
Investment Earnings Or Losses	$5,195,631	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$2,292,897	GrantsOrScholarshipsAmt
End Year Balance	$44,540,564	EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$43,407,289	BeginningYearBalanceAmt
Contributions	$302,624	ContributionsAmt
Investment Earnings Or Losses	-$520,469	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$1,990,720	GrantsOrScholarshipsAmt
End Year Balance	$41,198,724	EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$42,258,900	BeginningYearBalanceAmt
Contributions	$2,645,675	ContributionsAmt
Investment Earnings Or Losses	$258,896	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$1,756,182	GrantsOrScholarshipsAmt
End Year Balance	$43,407,289	EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$37,374,156	BeginningYearBalanceAmt
Contributions	$564,528	ContributionsAmt
Investment Earnings Or Losses	$5,983,084	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$1,662,868	GrantsOrScholarshipsAmt
End Year Balance	$42,258,900	EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$32,370,755	BeginningYearBalanceAmt
Contributions	$1,949,738	ContributionsAmt
Investment Earnings Or Losses	$4,559,402	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$1,505,739	GrantsOrScholarshipsAmt
End Year Balance	$37,374,156	EndYearBalanceAmt

Field	Value	IRS element (for citing)
Board Designated Balance EOY	0.13520	BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY	0.41530	PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY	0.44960	TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org	0	EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org	0	EndowmentsHeldRelatedOrgInd

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$32,204	OtherCostOrOtherBasisAmt
Depreciation	$19,173	DepreciationAmt
Book Value	$13,031	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$13,031	TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp

Field	Value	IRS element (for citing)
Desc	INVESTMENT FUNDS	Desc
Book Value	$2,347,766	BookValueAmt
Method Valuation	F	MethodValuationCd

Field	Value	IRS element (for citing)
Total Book Value Securities	$2,347,766	TotalBookValueSecuritiesAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$6,376,905	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	$2,787,397	NetUnrealizedGainsInvstAmt
Other Revenue	$120,422	OtherRevenueAmt
Revenue Not Reported	$2,907,819	RevenueNotReportedAmt
Revenue Subtotal	$3,469,086	RevenueSubtotalAmt
Investment Expenses Not Incld	$166,462	InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt	$166,462	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$3,635,548	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$2,936,079	TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported	$0	ExpensesNotReportedAmt
Expenses Subtotal	$2,936,079	ExpensesSubtotalAmt
Investment Expenses Not Incld2	$166,462	InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt	$166,462	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$3,102,541	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
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 117,479. INCREASE IN CASH SURRENDER VALUE OF LIFE INSURANCE 2,943.

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (1)	GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	NC STATE UNIVERSITY COLLEGE OF TEXTILES	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1000 MAIN CAMPUS DRIVE	AddressLine1Txt
City	RALEIGH	CityNm
State Abbreviation	NC	StateAbbreviationCd
ZIP	27695	ZIPCd

Field	Value	IRS element (for citing)
Recipient EIN	566000756	RecipientEIN
IRC Section	501(C)(3)	IRCSectionDesc
Cash Grant	$2,172,382	CashGrantAmt
Purpose Of Grant	TO PROVIDE FOR STUDENT SCHOLARSHIPS, FUND RESEARCH AND PROFESSORSHIPS AND ASSIST WITH CAPITAL PURCHASES	PurposeOfGrantTxt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 2:	FormAndLineReferenceDesc
Explanation	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	ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 4	THE FOUNDATION'S BY-LAWS WERE AMENDED IN APRIL 2017, INCLUDING AN INCREASE IN THE NUMBER OF VOTING MEMBERS FROM 16 TO 17 AND CLARIFYING THE CRITERIA OF EX-OFFICIO DIRECTORS.
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 117,479. INCREASE IN CASH SURRENDER VALUE OF LIFE INSURANCE 2,943.
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

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

Field	Value	IRS element (for citing)
Business Name Line1	NC STATE UNIVERSITY	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 8502	AddressLine1Txt
City	RALEIGH	CityNm
State Abbreviation	NC	StateAbbreviationCd
ZIP	27695	ZIPCd

Field	Value	IRS element (for citing)
EIN	566000756	EIN
Primary Activities	SCHOLARSHIP AND OTHER SUPPORT FOR THE COLLEGE OF TEXTILES	PrimaryActivitiesTxt
Legal Domicile State	NC	LegalDomicileStateCd
Exempt Code Section	170(B)(1)(A)(IV)	ExemptCodeSectionTxt
Direct Controlling NA	N/A	DirectControllingNACd
Controlled Organization	0	ControlledOrganizationInd

Field	Value	IRS element (for citing)
Receipt Of Int Annts Rnts Rylts	0	ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org	Yes (1)	GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org	0	GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org	0	LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org	0	LoansOrGuaranteesFromOthOrgInd
Div Related Organization	0	DivRelatedOrganizationInd
Asset Sale To Other Org	0	AssetSaleToOtherOrgInd
Asset Purchase From Other Org	0	AssetPurchaseFromOtherOrgInd
Asset Exchange	0	AssetExchangeInd
Rental Of Facilities To Oth Org	0	RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org	0	RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org	0	PerformOfServicesForOthOrgInd
Perform Of Services By Other Org	0	PerformOfServicesByOtherOrgInd
Sharing Of Facilities	0	SharingOfFacilitiesInd
Paid Employees Sharing	0	PaidEmployeesSharingInd
Reimbursement Paid To Other Org	0	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	0	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	0	TransferToOtherOrgInd
Transfer From Other Org	0	TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp

Other Organization Name OtherOrganizationName

Field	Value	IRS element (for citing)
Business Name Line1	NC STATE UNIVERSITY	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Transaction Type	B	TransactionTypeTxt
Involved	$2,172,382	InvolvedAmt
Method Of Amount Determination	AGENCY AGREEMENT	MethodOfAmountDeterminationTxt