2016-11-14T13:49:02-06:00 2016-06-30 560517823 KOONCE WOOTEN & HAYWOOD LLP P O BOX 17806 RALEIGH NC 276197806 990 2015-07-01 560650623 NC STATE STUDENT AID ASSOCIATION INC NCST 9198651500 PO BOX 37100 RALEIGH NC 27627 BOBBY PURCELL EXECUTIVE DIRECTOR 9198651500 2016-11-10 1 LINWOOD C FAULCONER P00445962 9197829265 2015 2017-02-10 21:41:12Z BOBBY PURCELL 5400 TRINITY RD STE 407 RALEIGH NC 27607 41411669 0 X WWW.WOLFPACKCLUB.COM X 1955 NC PROVIDE FINANCIAL SUPPORT FOR ATHLETIC SCHOLARSHIPS AND FACILITIES FOR NC STATE UNIVERSITY 19 19 33 352 795973 0 17085142 20375508 589390 738986 2274491 1774280 863045 850372 20812068 23739146 9952953 11839433 0 0 2312297 2657148 0 0 2094616 21320091 10123644 33585341 24620225 -12773273 -881079 113601330 108476754 29261365 27629194 84339965 80847560 X THE MISSION OF THE NC STATE STUDENT AID ASSOCIATION (WOLFPACK CLUB) IS TO PROVIDE PRIVATE FINANCIAL SUPPORT FOR ATHLETIC SCHOLARSHIPS AND FACILITIES FOR NC STATE UNIVERSITY. ADDITIONALLY, THE STUDENT AID ASSOCIATION PROVIDES COMMUNICATION AND SERVICES FOR ALL FRIENDS OF WOLFPACK ATHLETICS. ALL OF THE ACTIVITIES OF THE ASSOCIATION ARE DONE WITH THE HIGHEST INTEGRITY FOR ACADEMIC AND ATHLETIC EXCELLENCE AND WITHIN THE GUIDELINES ESTABLISHED BY THE UNIVERSITY, THE ATLANTIC COAST CONFERENCE, AND THE NATIONAL COLLEGIATE ATHLETIC ASSOCIATION. 0 0 8999785 738986 FACILITY IMPROVEMENTS FOR NC STATE UNIVERSITY 11839433 11839433 FINANCING SCHOLARSHIPS AWARDED BY NC STATE UNIVERSITY TO NEEDY AND WORTHY STUDENTS 156023 SPECIFICALLY REQUESTED UNIVERSITY FUNDING 20995241 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 14 0 1 33 1 1 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 X 19 19 0 0 0 0 1 0 0 1 1 0 1 1 1 1 1 1 1 1 1 0 0 X BOBBY PURCELL 9198651500 5400 TRINITY ROAD RALEIGH NC 276277100 DAVID BEAM VICE PRESIDENT 4.00 X X 0 0 0 WENDY CRUMPLER DIRECTOR 1.00 X 0 0 0 BOB LEE DIRECTOR 1.00 X 0 0 0 RAY ROUSE DIRECTOR 1.00 X 0 0 0 THOMAS CABANISS PAST PRESIDENT 4.00 X X 0 0 0 DERICK CLOSE DIRECTOR 1.00 X 0 0 0 HANS WARREN DIRECTOR 1.00 X 0 0 0 LAWRENCE DAVENPORT DIRECTOR 1.00 X 0 0 0 JAMES KING DIRECTOR 1.00 X 0 0 0 RICK VAUGHN DIRECTOR 1.00 X 0 0 0 BURLEY MITCHELL DIRECTOR 1.00 X 0 0 0 ASTRA BALL DIRECTOR 1.00 X 0 0 0 STEVE STROUD DIRECTOR 1.00 X 0 0 0 MAC CAMPBELL PRESIDENT 4.00 X X 0 0 0 STEPHANIE COGDELL DIRECTOR 1.00 X 0 0 0 RUFUS FRIDAY DIRECTOR 1.00 X 0 0 0 DALE HAYES DIRECTOR 1.00 X 0 0 0 BRIAN MCMURRAY TREASURER 4.00 X X 0 0 0 STEVE WARREN DIRECTOR 1.00 X 0 0 0 ROBERT PURCELL EXECUTIVE DIRECTOR 40.00 X 382117 0 51532 PHILLIP WOOD ASSOCIATE EXECUTIVE DIRECTOR 40.00 X 141357 0 22908 JAMES CORRELL ASSOCIATE EXECUTIVE DIRECTOR 40.00 X 137449 0 22720 660923 0 97160 3 0 1 0 TA LOVING CONSTRUCTION COMPANY 400 PATETOWN ROAD GOLDSBORO NC 27530 CONSTRUCTION 8920296 JD BEAM INC 1812 TILLERY PLACE STE 100 RALEIGH NC 27604 CONSTRUCTION 369039 COMAN PUBLISHING PO BOX 2331 DURHAM NC 27702 PUBLICATIONS 348004 KOONCE WOOTEN & HAYWOOD LLP PO BOX 17806 RALEIGH NC 27619 ACCOUNTING 121800 DIMENSIONAL INNOVATIONS 3421 MERRIAM DRIVE OVERLAND PARK NC 66203 DESIGN & ENGINEERING 105646 5 20375508 1139980 20375508 PARKING & TICKETS INCOME 711210 627941 627941 FOOD INCOME 722320 111045 111045 738986 688687 688687 246161 182599 63562 63562 63562 18246588 17152245 8750 1094343 -8750 1085593 1085593 219677 328929 -109252 -109252 ADVERTISING 541800 795973 795973 STADIUM LOT FEES 812930 51260 51260 SALES TAX REFUNDS 900099 45972 45972 2857 2857 896062 23739146 738986 795973 1828679 X 11839433 11839433 321583 165450 117100 39033 1490695 610647 410834 469214 711599 262714 228707 220178 133271 61241 36699 35331 43679 16791 26888 121800 46822 74978 254246 254246 31242 12010 19232 386184 386184 78521 33474 22955 22092 105937 60848 22973 22116 316101 138594 90440 87067 64472 19119 45353 43689 19529 24160 1001775 986032 8021 7722 66311 29074 18972 18265 AD FACILITY DEBT REIMB. 1441383 1441383 VAUGHN TOWERS EXPENSES 1265463 1265463 INDOOR PRACTICE FACILIT 1130039 1130039 CASE COMMONS COSTS 881005 881005 2891797 1975573 198323 717901 24620225 20995241 1530368 2094616 300 300 16879948 14267060 22301726 22992907 612753 236791 200000 137116 37505 49094266 11827195 38075952 37267071 35276233 33560500 117302 114620 113601330 108476754 665841 1619429 2233099 2334099 10550000 9495000 14224732 12594250 1587693 1586416 29261365 27629194 X 30159938 25926288 18428823 18877286 35751204 36043986 84339965 80847560 113601330 108476754 X -881079 -2583572 -27754 X X 0 1 X 1 0 X 17122102 15276114 21509110 17085142 20375508 91367976 17122102 15276114 21509110 17085142 20375508 91367976 91367976 2558527 1269681 1105499 1319267 934848 7187822 518317 592659 664785 1775761 116134 79027 53239 58811 100089 407300 100738859 3094570 0.90700 0.87340 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 30872538 290357 -1322990 1100000 308830 28431075 32012737 90503 488972 1443369 276305 30872538 28710812 1083956 3891288 1377085 296234 32012737 26487347 479020 3074829 1105889 224495 28710812 27440004 876540 -503583 1040901 284713 26487347 1.00000 0 0 7353929 7353929 41102980 11298926 29804054 79677 65246 14431 557680 463023 94657 37267071 ACCRUED PLANNED GIVING LIABILITY 1586416 1586416 X 21743612 -2583572 358510 483774 -1741288 23484900 254246 254246 23739146 25236016 358510 511528 870038 24365978 254246 254246 24620224 PART V, LINE 4: THE ASSOCIATION'S ENDOWMENT IS SET UP SO THAT THE EARNINGS HELP FUND THE ANNUAL GRANT TO NC STATE UNIVERSITY FOR STUDENT ATHLETIC SCHOLARSHIPS PART X, LINE 2: IT IS THE ASSOCIATION'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 UNCERTAIN TAX POSITION SHOULD BE RECOGNIZED IN THE FINANCIAL STATEMENTS. ANY CHANGES IN THE AMOUNT OF A TAX POSITION ARE RECOGNIZED IN THE PERIOD THE CHANGE OCCURS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSES 328,929. RENTAL EXPENSES - TOWERS 182,599. DECREASE IN CASH SURRENDER VALUE OF LIFE INSURANCE -4,183. DECREASE IN VALUE OF SPLIT INTEREST AGREEMENTS -23,571. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSES 328,929. RENTAL EXPENSES - TOWERS 182,599. MENS JAMBOREE 70496 70496 137158 CARAVANS 46414 46414 96709 31 102767 102767 95062 219677 219677 328929 328929 -109252 0 NC STATE UNIVERSITY PO BOX 8502 RALEIGH NC 276958501 566000756 11839433 NCSU STUDENT ATHLETIC SCHOLARSHIPS PART I, LINE 2: THE ASSOCIATION MAKES THE GRANT BASED ON THE AGREEMENT BETWEEN THE UNIVERSITY AND THE ASSOCIATION EACH YEAR. THE UNIVERSITY SUBMITS DOCUMENTATION FOR THE AMOUNTS PAID OUT TO STUDENT ATHELETES AND THE ASSOCIATION PAYS THE GRANT ACORDINGLY, WITH CONSIDERATION TO A MAXIMUM SET OUT IN THE AGREEMENT X 1 1 X X 0 1 0 0 0 1 0 0 0 ROBERT PURCELL EXECUTIVE DIRECTOR 261608 0 64583 0 55926 0 13250 0 38282 0 433649 0 0 0 PHILLIP WOOD ASSOCIATE EXECUTIVE DIRECTOR 125750 0 9583 0 6024 0 6766 0 16142 0 164265 0 0 0 JAMES CORRELL ASSOCIATE EXECUTIVE DIRECTOR 122467 0 9783 0 5199 0 6836 0 15884 0 160169 0 0 0 A SEE PART VI OF SCHEDULE K 561592154 2013-03-27 12660000 SEE PART VI OF SCHEDULE K 0 0 0 A 12660000 208000 12452000 2005 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 1 0 1 0 0 0 1 A 1 SCHEDULE K, PART I, LINE A: (A) ISSUER NAME: NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY (F) DESCRIPTION OF PURPOSE: TO REFUND SERIES 2004A BONDS THAT WERE ISSUED ON NOVEMBER 18, 2004 TO FINANCE IMPROVEMENTS TO THE PUBLIC STADIUM OF NORTH CAROLINA STATE UNIVERSITY. X 105 973379 COMPARABLES X UNIVERSTIY SUPPORT 5 50655 SELLING PRICE X PROMOTIONAL ITEMS AND SUPPLIES 7 47852 SELLING PRICE X FACILITY IMPROVEMENTS 6 46244 SELLING PRICE X OFFICE AND PRINTING SUPPLIES 3 12150 SELLING PRICE X FURNITURE & FIXTURES 3 9700 SELLING PRICE 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS, BUT THE MEMBERS DO NOT OWN STOCK AND THEY DO NOT RECEIVE ANY INCOME FROM THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11 THE AUDIT AND FINANCE COMMITTEE OF THE BOARD OF DIRECTORS ARE PROVIDED WITH A COPY OF THE 990 TO REVIEW AND APPROVE PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO REPORT AND DISCLOSE ANNUALLY ANY CONFLICT OF INTERESTS OR INDICATE IF NO SUCH CONFLICTS EXIST THROUGH A SIGNED CONFLICT OF INTEREST POLICY AND DISCLOSURE STATEMENT. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS DETERMINES AND APPROVES THE COMPENSATION OF THE EXECUTIVE DIRECTOR. THE COMPENSATION IS BASED ON COMPARISIONS MADE WITH SIMILAR ASSOCIATIONS AND OVERALL SUCCESS OF THE ASSOCIATION IN ACHIEVING MEMBERSHIP AND FUNDRAISING GOALS. FORM 990, PART VI, SECTION C, LINE 19 THE ASSOCIATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO INTERESTED PARTIES UPON REQUEST MADE TO THE ASSOCIATION. FORM 990, PART IX, LINE 24E NEZ AD DEBT REIMB.: PROGRAM SERVICE EXPENSES 806,036. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 806,036. MURPHY CENTER IMPROVEMENTS: PROGRAM SERVICE EXPENSES 450,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 450,000. BANK CHARGES: PROGRAM SERVICE EXPENSES 80,455. MANAGEMENT AND GENERAL EXPENSES 130,961. FUNDRAISING EXPENSES 126,077. TOTAL EXPENSES 337,493. PUBLICATIONS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 331,152. TOTAL EXPENSES 331,152. GOLF EXPENSES: PROGRAM SERVICE EXPENSES 250,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 250,000. NON-SCHOLARSHIP EXPENSE: PROGRAM SERVICE EXPENSES 156,023. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 156,023. SOCCER EXPENSES: PROGRAM SERVICE EXPENSES 150,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 150,000. JUNIOR/VARSITY CLUBS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 127,805. TOTAL EXPENSES 127,805. POSTAGE AND MAILING: PROGRAM SERVICE EXPENSES 38,762. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 49,685. TOTAL EXPENSES 88,447. PRINTING: PROGRAM SERVICE EXPENSES 25,711. MANAGEMENT AND GENERAL EXPENSES 27,196. FUNDRAISING EXPENSES 26,181. TOTAL EXPENSES 79,088. TELEPHONE: PROGRAM SERVICE EXPENSES 15,505. MANAGEMENT AND GENERAL EXPENSES 10,118. FUNDRAISING EXPENSES 9,740. TOTAL EXPENSES 35,363. AUTO EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 13,407. FUNDRAISING EXPENSES 12,907. TOTAL EXPENSES 26,314. DUES AND SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 20,932. TOTAL EXPENSES 20,932. PROPERTY TAXES & FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 13,072. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 13,072. FLOWERS & GIFTS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 9,985. TOTAL EXPENSES 9,985. MAINTENANCE: PROGRAM SERVICE EXPENSES 2,160. MANAGEMENT AND GENERAL EXPENSES 1,409. FUNDRAISING EXPENSES 1,357. TOTAL EXPENSES 4,926. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,160. FUNDRAISING EXPENSES 2,080. TOTAL EXPENSES 4,240. MISC. AD FACILITIES: PROGRAM SERVICE EXPENSES 921. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 921. FORM 990, PART XI, LINE 9: DECREASE IN CASH SURRENDER VALUE OF LIFE INSURANCE -4,183. DECREASE IN VALUE OF SPLIT INTEREST AGREEMENTS -23,571. FORM 990, PART XI, LINE 2C DESCRIPTION OF OVERSIGHT OF AUDIT THE ASSOCIATION HAS A FINANCE COMMITTEE CONSISTING OF BOARD MEMBERS THAT REVIEWS THE AUDIT REPORT, MONITORS THE PROGRESS OF THE AUDIT PROCESS AND KEEPS AN OPEN LINE OF COMMUNICATION WITH THE AUDITORS. WOLFPACK CLUB STUDENT HOUSING FOUNDATION LLC PO BOX 37100 RALEIGH NC 27627 542109516 STUDENT HOUSING NC N/A NC STATE UNIVERSITY PO BOX 8502 RALEIGH NC 27695 566000756 ATHLETIC SCHOLARSHIPS AND FACILITIES NC 170(B)(1)(A)(IV) N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 NC STATE UNIVERSITY B 16730966 AGENCY AGREEMENT & BOARD APPROVAL NC STATE UNIVERSITY N 105368 MARKET RATE NC STATE UNIVERSITY P 987791 PER MANAGEMENT AGREEMENT