2016-11-10T07:32:13-06:00 2016-06-30 560517823 KOONCE WOOTEN & HAYWOOD LLP P O BOX 17806 RALEIGH NC 276197806 990 2015-07-01 566045324 NORTH CAROLINA TEXTILE FOUNDATION INC NORT 9195153878 CAMPUS BOX 8301 RALEIGH NC 276958301 BRIAN MCMURRAY SECRETARY/TREASURER 9195153878 2016-11-10 1 LINWOOD C FAULCONER P00445962 9197829265 2015 2017-02-10 21:41:12Z MARK FISCHER CAMPUS BOX 8301 RALEIGH NC 276958301 22732900 0 X WWW.TX.NCSU.EDU X 1943 NC SUPPORT THE COLLEGE OF TEXTILES AT NORTH CAROLINA STATE UNIVERSITY THROUGH SCHOLARSHIPS, PROFESSORSHIPS, RESEARCH AND OTHER NEEDS 16 16 0 16 0 0 3177419 1176204 1500 2882 1986394 3026015 117 35 5165430 4205136 1806719 2145899 0 0 0 0 0 0 153191 681963 693441 2488682 2839340 2676748 1365796 44528935 42454400 514171 466523 44014764 41987877 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 1071299 1071299 874580 THE FOUNDATION SUPPORTS THE COLLEGE OF TEXTILES AT NORTH CAROLINA STATE UNIVERSITY THROUGH GRANTS FOR FACILITIES, FACULTY, FELLOWSHIPS, SCHOLARSHIPS AND EQUIPMENT 1074600 1074600 301624 THE FOUNDATION AWARDS SCHOLARSHIPS TO DESERVING GRADUATE AND UNDERGRADUATE STUDENTS OF THE COLLEGE OF TEXTILES AT NORTH CAROLINA STATE UNIVERSITY BASED ON MERIT 2145899 1 1 0 0 0 0 0 0 0 1 1 1 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 0 0 0 0 0 1 0 0 0 1 9 0 1 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NC X DONNA DAETWEILER 9195153878 CAMPUS BOX 8301 RALEIGH NC 276958301 X PEACHES GUNTER BLANK DIRECTOR 0.00 X 0 0 0 ELLEN ROHDE INTERIM PRESIDENT 0.00 X X 0 0 0 WILLIAM D KIMBRELL II DIRECTOR 0.00 X 0 0 0 BRIAN MCMURRAY SECRETARY/TREASURER & INTERIM VP 0.00 X X 0 0 0 ANASTASIA CHARBIN DIRECTOR 0.00 X 0 0 0 LES MILLER DIRECTOR 0.00 X 0 0 0 RICK ELMORE DIRECTOR 0.00 X 0 0 0 MICHAEL W HALE DIRECTOR 0.00 X 0 0 0 J BARRY LEONARD DIRECTOR 0.00 X 0 0 0 F DALE HAYES DIRECTOR 0.00 X 0 0 0 ROBIN PERKINS DIRECTOR 0.00 X 0 0 0 ALLEN GANT JR DIRECTOR 0.00 X 0 0 0 CHARLES S HEILIG III DIRECTOR 0.00 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 MARK FISCHER INTERIM EXECUTIVE DIRECTOR 40.00 X 0 0 0 SUZANNE WEINER EXECUTIVE DIRECTOR (JULY-APRIL) 40.00 X 0 146050 33456 0 146050 33456 0 0 1 0 0 1176204 1176204 SCHOLARSHIP & ENRICHMENT REPAYMEN 900099 2882 2882 2882 533971 533971 21019808 18527764 2492044 2492044 2492044 OTHER INCOME 900099 35 35 35 4205136 0 0 3028932 2145899 2145899 20005 20005 13000 13000 155282 155282 15008 15008 5598 5598 15550 15550 36616 9001 27615 18936 9512 9424 2424 2424 6274 6274 REIMBURSED EXPENSES 283552 283552 UNIVERSITY ASSESSMENT 96644 96644 MAILINGS/POSTAGE/MATERI 11531 1421 10110 ENTERTAINMENT AND PROMO 7118 7118 5903 3623 2280 2839340 2145899 540250 153191 431613 266223 26736 19296 7079 7440 42440422 39832888 1527185 2233846 122636 114003 44528935 42454400 514171 466523 514171 466523 X 6779185 6017237 19582652 18026368 17652927 17944272 44014764 41987877 44528935 42454400 X 1365796 -3386291 -6392 X X 0 1 X 1 0 X X 1 COLLEGE OF TEXTILES NORTH CAROLINA STATE UNIVERSITY 566000756 6 1 2145899 0 1 2145899 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 X 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. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 43407289 302624 -520469 1990720 41198724 42258900 2645675 258896 1756182 43407289 37374156 564528 5983084 1662868 42258900 32370755 1949738 4559402 1505739 37374156 32374549 1050430 324510 1378734 32370755 0.14490 0.43550 0.41960 0 0 26736 19296 7440 7440 INVESTMENT FUNDS 2233846 F 2233846 X 657171 -3386291 -6392 -3392683 4049854 155282 155282 4205136 2684058 0 2684058 155282 155282 2839340 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 -9,692. INCREASE IN CASH SURRENDER VALUE OF LIFE INSURANCE 3,300. 1 NC STATE UNIVERSITY COLLEGE OF TEXTILES 1000 MAIN CAMPUS DRIVE RALEIGH NC 27695 566000756 501(C)(3) 2145899 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 SUZANNE WEINER EXECUTIVE DIRECTOR (JULY-APRIL) 0 146050 0 0 0 0 0 0 0 33456 0 179506 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS SENT 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 UPON WRITTEN REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -9,692. INCREASE IN CASH SURRENDER VALUE OF LIFE INSURANCE 3,300. 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 2145899 AGENCY AGREEMENT