2015-02-09T07:36:19-06:00 2014-06-30 561031342 WILLIAMS OVERMAN PIERCE LLP 2501 ATRIUM DRIVE SUITE 500 RALEIGH NC 27607 990 2013-07-01 560653350 NC STATE NATURAL RESOURCES FOUNDATION INC NCST 9195137149 NCSU BOX 7207 RALEIGH NC 276957207 MARY PELOQUIN-DODD TREASURER 9195137149 2015-01-27 1 BRIAN SCHEPPERLEY CPA P01332750 9197823444 2015-01-27 X 2013 2016-02-25 16:41:14Z MARY PELOQUIN-DODD NCSU BOX 7207 RALEIGH NC 27695 8361133 0 X SEE SCHEDULE O X 1929 NC TO PROMOTE EDUCATION AND RESEARCH IN THE COLLEGE OF NATURAL RESOURCES OF NORTH CAROLINA STATE UNIVERSITY AS WELL AS AID AND PROMOTE, BY FINANCIAL ASSISTANCE AND OTHERWISE, ALL TYPES OF EDUCATION, RESEARCH AND EXTENSION IN THE COLLEGE OF NATURAL RESOURCES. 16 15 7 20 0 0 1234726 2121764 3562679 4575145 334774 382012 416335 354581 5548514 7433502 1806335 2074994 0 0 585863 553167 0 0 428739 3544828 3447236 5937026 6075397 -388512 1358105 28004602 31777525 1491247 1325272 26513355 30452253 PROMOTE EDUCATION AND RESEARCH IN THE COLLEGE OF NATURAL RESOURCES OF NORTH CAROLINA STATE UNIVERSITY AS WELL AS AID AND PROMOTE, BY FINANCIAL ASSISTANCE AND OTHERWISE, ALL TYPES OF EDUCATION, RESEARCH AND EXTENSION IN THE COLLEGE OF NATURAL RESOURCES. 0 0 5491628 2074994 TO PROMOTE EDUCATION AND RESEARCH IN THE COLLEGE OF NATURAL RESOURCES OF NORTH CAROLINA STATE UNIVERSITY AS WELL AS AID AND PROMOTE, BY FINANCIAL ASSISTANCE AND OTHERWISE, ALL TYPES OF EDUCATION, RESEARCH AND EXTENSION IN THE COLLEGE OF NATURAL RESOURCES. 5491628 1 1 0 0 0 0 1 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 16 0 1 7 1 0 0 0 0 0 0 0 0 X 16 15 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X MARY PELOQUIN-DODD 9195137149 NCSU BOX 7207 RALEIGH NC 27695 LOU BOOS DIRECTOR 1.00 X 0 0 0 BRENDA BRICKHOUSE PAST PRESIDENT 1.00 X 0 0 0 JIM BUZZARD VICE PRESIDENT 1.00 X X 0 0 0 STEVE CONGER DIRECTOR 1.00 X 0 0 0 SAM COOK DIRECTOR 1.00 X 0 0 0 GUS COTTROS DIRECTOR 1.00 X 0 0 0 KEN HINES DIRECTOR 1.00 X 0 0 0 LEWIS LEDFORD DIRECTOR 1.00 X 0 0 0 DICK LUDINGTON DIRECTOR 1.00 X 0 0 0 DICK PORTERFIELD DIRECTOR 1.00 X 0 0 0 ART RAYMOND PRESIDENT 1.00 X X 0 0 0 PHIL REA DIRECTOR 1.00 X 0 0 0 RON TERRY DIRECTOR 1.00 X 0 0 0 SCOTT WALLINGER DIRECTOR 1.00 X 0 0 0 MARY WATZIN DIRECTOR 1.00 40.00 X 0 250153 16416 JIM WELLBORN DIRECTOR 1.00 X 0 0 0 MARY PELOQUIN-DODD TREASURER 1.00 40.00 X 0 212520 19311 DAVID ASHCRAFT SECRETARY 1.00 40.00 X 0 125645 22329 CHARLES LEFFLER ASSISTANT TREASURER 1.00 40.00 X 0 288525 46913 ASHLEY FAIRCLOTH DIRECTOR, FOREST OPERATION 40.00 X 145000 0 31959 145000 876843 136928 1 0 1 0 JONES LAND DEVELOPING 1293 DEPPE LOOP ROAD MAYSVILLE NC 28555 STRIP SHEARING/BEDDING 451075 ALL SEASONS EXCAVATION 1430 ONSLOW PINES RD JACKSONVILLE NC 28540 DITCH INSTALLATIONS 135307 H & J FOREST SERVICES LLC PO BOX 458 HOLLY RIDGE NC 28445 TREE PLANTING 125971 3 2121764 409484 2121764 HOFMANN FOREST 110000 4575145 4575145 4575145 60008 60008 1249635 927631 322004 322004 322004 OTHER INCOME 611600 354581 354581 354581 7433502 4929726 0 382012 2074994 2074994 176959 176959 276928 276928 7734 7734 58436 58436 33110 33110 263169 251903 3114 8152 78500 21200 57300 82378 82378 303458 303458 12785 12785 100232 91847 45 8340 39755 39755 395809 385162 10647 67178 38378 28800 49210 49210 39684 29066 10618 MISC. SERVICES & FEES 952196 951772 424 CONTRACTED SERVICES 438444 383425 11965 43054 SUPPLIES 320610 315435 5175 EQUIPMENT RENTAL & REPA 204493 200150 4343 99335 93379 228 5728 6075397 5491628 155030 428739 346729 361869 4102615 4493726 335158 854611 137775 21897 1538482 553754 1033938 984728 21952408 24931038 95979 129656 28004602 31777525 19650 145751 1471597 1179521 1491247 1325272 X 5246443 6370236 8214119 9579082 13052793 14502935 26513355 30452253 28004602 31777525 X 1358105 3077889 -497096 X 0 1 X 1 0 X 636510 1687671 1039123 1234726 2121764 6719794 636510 1687671 1039123 1234726 2121764 6719794 1523315 5196479 239260 119095 83307 76773 60008 578443 379019 60317 306976 416335 354581 1517228 8815465 22654914 0.58950 0.62150 X SCHEDULE A, PART II, LINE 10- OTHER INCOME OTHER INCOME IS COMPRISED OF GIFT FEES, BIO RESOURCE ONLINE JOURNAL SUPPORT, SMALL COLLEGE OF NATURAL RESOURCES EVENTS AND MITIGATION CREDIT SALES. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 3 640.00 0 0 0 1 0 8.00 1000 22822055 1445147 2952002 754120 26465084 21176225 406950 1920515 681635 22822055 21610482 302057 1820678 2556992 21176225 17854468 1043816 3205308 493110 21610482 16109681 230921 1513866 17854468 0.20000 0.55000 0.25000 0 0 764673 764673 608574 524838 83736 165235 28916 136319 984728 STIF 112434 F NC STATE INVESTMENT FUND 23158902 F WELLS FARGO - LIFE INCOME FUNDS 1659702 F 24931038 LIFE INCOME FUNDS PAYABLE 985103 DUE TO OTHERS 194418 1179521 X 10385943 3077889 23900 3101789 7284154 82378 66970 149348 7433502 6016919 23900 23900 5993019 82378 82378 6075397 PART II, LINE 9: DONATED EASEMENTS ARE STATED AT FAIR VALUE AS OF THE DATE OF DONATION. PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF 215 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES RELATED TO THE FOUNDATION'S MISSION TO PROMOTE EDUCATION AND RESEARCH IN THE COLLEGE OF NATURAL RESOURCES OF NC STATE UNIVERSITY. PART X, LINE 2: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION, AND HAS CONCLUDED THAT AS OF JUNE 30, 2014, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: DECREASE IN VALUE OF SPLIT INTEREST 66,970. 1 NC STATE UNIVERSITY NCSU BOX 7205 RALEIGH NC 27695 566000756 170(C)(1) 2074994 BOOK N/A SCHOLARSHIPS, FACULTY SUPPORT, DEPARTMENTAL SUPPORT, AND FACILITY SUPPORT 1 PART I, LINE 2: GRANTS REPRESENT REIMBURSEMENT OF EXPENSES PROCESSED THROUGH THE UNIVERSITY'S ACCOUNTING SYSTEMS, AND ARE SUBJECT TO UNIVERSITY AND STATE OF NORTH CAROLINA GUIDELINES, IN ADDITION TO ANY RESTRICTIONS PLACED DIRECTLY BY DONORS. 0 0 0 0 0 0 0 1 0 MARY WATZIN DIRECTOR 0 240000 0 0 0 10153 0 16416 0 0 0 266569 0 0 MARY PELOQUIN-DODD TREASURER 0 212520 0 0 0 0 0 14536 0 4775 0 231831 0 0 CHARLES LEFFLER ASSISTANT TREASURER 0 288420 0 0 0 105 0 41706 0 5207 0 335438 0 0 ASHLEY FAIRCLOTH DIRECTOR, FOREST OPERATION 125000 0 0 0 20000 0 5000 0 26959 0 176959 0 0 0 PART I, LINE 7 ONE EMPLOYEE OF NC STATE NATURAL RESOURCES FOUNDATION, INC IS ELIGIBLE TO RECEIVE INCENTIVE COMPENSATION BASED ON A VARIETY OF PERFORMANCE METRICS. SCHEDULE J, PART II COMPENSATION THE BOARD MEMBERS THAT ARE COMPENSATED RECEIVE COMPENSATION FROM NC STATE UNIVERSITY, A 170(C)(1) ORGANIZATION RELATED TO NC STATE NATURAL RESOURCES FOUNDATION. THERE ARE EMPLOYEES OF NC STATE NATURAL RESOURCES THAT ARE PAID DIRECTLY BY NC STATE NATURAL RESOURCES FOUNDATION. X IRA ROLLOVERS 4 382805 FMV X INSURANCE 1 26679 FMV 0 1 0 FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE PRESIDENT, WHO SHALL SERVE AS CHAIR, THE VICE PRESIDENT, THE PAST PRESIDENT AND THE CHAIR OF EACH STANDING COMMITTEE OF THE BOARD. THE SECRETARY, TREASURER AND DEAN, COLLEGE OF NATURAL RESOUCES, WILL SERVE EX-OFFICIO AS NONVOTING MEMBERS OF THE EXECUTIVE COMMITTEE. BY RESOLUTION ADOPTED BY A MAJORITY OF THE DIRECTORS THEN IN OFFICE, THE BOARD OF DIRECTORS SHALL, AT ITS REGULAR ANNUAL MEETING, APPOINT THE MEMBERS OF THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE, IN THE INTERIM BETWEEN MEETINGS OF THE BOARD OF DIRECTORS, AND EXCEPT AS OTHERWISE PROVIDED IN SECTION 5 OF THE BYLAWS, ALL THE POWERS OF THE BOARD OF DIRECTORS. EXECUTIVE COMMITTEE MEMBERS APPOINTED BY THE BOARD SHALL SERVE AT THE PLEASURE OF THE BOARD BUT ONLY FOR SO LONG AS THEY ALSO SERVE AS DIRECTORS AND MAINTAIN THEIR QUALIFYING OFFICES OR DESIGNATIONS AS THE CASE MAY BE. FORM 990, PART VI, SECTION A, LINE 2 FORMER DIRECTOR PAUL RAYMOND IS PRESIDENT OF ASHLAND HERCULES; DIRECTOR LOU BOOS IS PRESIDENT OF NORDIC ENGINEERING; FORMER DIRECTOR BOB HARLEY IS SALES MANAGER OF PAPERCHINE. ASHLAND HERCULES, NORDIC ENGINEERING AND PAPERCHINE ARE ALL SUPPLIERS TO MEADWESTVACO, WHOSE PRESIDENT, JIM BUZZARD, IS ALSO A DIRECTOR. FORM 990, PART VI, SECTION B, LINE 11 DRAFT 990 IS DISTRIBUTED TO BOARD MEMBERS FOR THEIR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C IN ORDER TO MONITOR AND ENFORCE COMPLIANCE WITH THE ORGANIZATION'S CONFLICT OF INTEREST POLICY, NC STATE NATURAL RESOURCES FOUNDATION FOLLOWS THE FOLLOWING PRACTICES: 1) ALL TRANSACTIONS (OTHER THAN EXPENSE REIMBURSEMENTS) BETWEEN THE FOUNDATION AND A DIRECTOR, OFFICER, OR EMPLOYEE OF THE FOUNDATION, MUST BE AUTHORIZED AND APPROVED BY THE FOUNDATION'S BOARD OF DIRECTORS OR RATIFIED IN GOOD FAITH BY THE FOUNDATION'S BOARD OF DIRECTORS AT THE SUBSEQUENT MEETING FOLLOWING THE TRANSACTION. 2) NO FOUNDATION DIRECTOR, OFFICER, OR EMPLOYEE HAVING A DIRECT OR INDIRECT INTEREST IN ANY FOUNDATION BUSINESS TRANSACTION MAY BE INVOLVED IN THE DECISION WITH RESPECT TO WHETHER THE FOUNDATION SHOULD ENTER INTO SUCH TRANSACTION. FOR PURPOSES OF THIS SECTION, A DIRECTOR, OFFICER OR EMPLOYEE HAS AN INDIRECT INTEREST IN A TRANSACTION IF: (A) ANOTHER ENTITY IN WHICH HE HAS A MATERIAL FINANCIAL INTEREST OR IN WHICH HE IS A GENERAL PARTNER IS A PARTY TO THE TRANSACTION; OR (B) ANOTHER ENTITY OF WHICH HE IS A DIRECTOR, OFFICER, OR TRUSTEE IS A PARTY TO THE TRANSACTION AND THE TRANSACTION IS OR SHOULD BE CONSIDERED BY THE BOARD. 3) NO SCHOLARSHIP OR FELLOWSHIP AWARD MAY BE MADE TO A DIRECTOR, OFFICER, OR EMPLOYEE OF THE FOUNDATION OR TO A FAMILY MEMBER OF ANY SUCH PERSON UNLESS THE RECIPIENT OF THE AWARD IS DETERMINED BY AN INDEPENDENT AWARDS COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS ALSO SERVES AS THE HR/EMPLOYEE BENEFITS COMMITTEE. COMPENSATION DECISIONS ARE RECOMMENDED TO THIS COMMITTEE BY THE DIRECTOR OF FOREST OPERATIONS FOR HIS EMPLOYEES AND ARE BROUGHT BEFORE THE COMMITTEE FOR APPROVAL. THE EXECUTIVE COMMITTEE RECOMMENDS, DETERMINES, AND APPROVES SALARY AND OTHER COMPENSATION ELEMENTS FOR THE DIRECTOR OF FOREST OPERATIONS, IN ADDITION TO APPROVING RECOMMENDATIONS FROM THE DIRECTOR ABOUT HIS STAFF. FORM 990, PART VI, SECTION C, LINE 18 THE 990 IS LISTED ON THE WEBSITE. FORM 1023 (WHICH WAS FILED PRIOR TO JULY 15, 1987) IS NOT PUBLICLY AVAILABLE. FORM 990, PART VI, SECTION C, LINE 19 THE AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE WEBSITE: HTTP://FOUNDATIONSACCOUNTING.OFB.NCSU.EDU/FOUNDATIONS/NC-STATE-NATURAL- RESOURCES-FOUNDATION-INC. OTHER GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: DECREASE IN VALUE OF SPLIT INTEREST AGREEMENT -66,970. TRANSFER OF FUNDS TO/FROM ASSOCIATED ENTITY -430,126. PAGE 1, ITEM J- WEBSITE HTTP://FOUNDATIONSACCOUNTING.OFB.NCSU.EDU/FOUNDATIONS/NC- STATE-NATURAL-RESOURCES-FOUNDATION-INC NC STATE UNIVERSITY FOUNDATION INC NCSU BOX 7207 RALEIGH NC 27695 566049503 SUPPORTS THE VARIOUS COLLEGES WITHIN THE UNIVERSITY NC 501(C)(3) 170(B)(1)(A)(IV) N/A 0 NC STATE INVESTMENT FUND INC NCSU BOX 7207 RALEIGH NC 27695 311607634 INVEST FUNDS OF NC STATE UNIVERSITY ENDOWMENT AND RELATED ENTITIES NC 501(C)(3) 509(A)(3) N/A 0 NC STATE UNIVERSITY NCSU BOX 7205 RALEIGH NC 27695 566000756 EDUCATION NC 170(C)(1) N/A 0 THE NORTH CAROLINA AGRICULTURAL FOUNDATION INC NCSU BOX 7207 RALEIGH NC 27695 566049304 SUPPORTS THE COLLEGE OF AGRICULTURE AND LIFE SCIENCES AT NCSU NC 501(C)(3) 170(B)(1)(A)(IV) N/A 0 NC STATE UNIVERSITY ALUMNI ASSOCIATION INC NCSU BOX 7207 RALEIGH NC 27695 566035544 PROMOTES ALUMNI AFFAIRS & AWARENESS OF NCSU IN COMMUNITY NC 501(C)(3) 170(B)(1)(A)(IV) N/A 0 NC STATE ENGINEERING FOUNDATION INC NCSU BOX 7207 RALEIGH NC 27695 566046987 SUPPORTS THE COLLEGE OF ENGINEERING AT NCSU NC 501(C)(3) 170(B)(1)(A)(IV) N/A 0 NC STATE UNIVERSITY COLLEGE OF SCIENCES FOUNDATION INC NCSU BOX 7207 RALEIGH NC 27695 581524289 SUPPORTS THE COLLEGE OF SCIENCES AT NCSU NC 501(C)(3) 170(B)(1)(A)(IV) N/A 0 NORTH CAROLINA TOBACCO FOUNDATION INC NCSU BOX 7207 RALEIGH NC 27695 591715828 SUPPORTS THE TOBACCO CURRICULUM AT NCSU NC 501(C)(3) 170(B)(1)(A)(IV) N/A 0 NORTH CAROLINA VETERINARY MEDICAL FOUNDATION INC NCSU BOX 7207 RALEIGH NC 27695 581344473 PROVIDES FINANCIAL SUPPORT IN THE FIELD OF VETERINARY MEDICINE NC 501(C)(3) 170(B)(1)(A)(IV) N/A 0 NC STATE UNIVERSITY PARTNERSHIP CORPORATION NCSU BOX 7207 RALEIGH NC 27695 561444287 SUPPORT ORGANIZATION OF NC STATE UNIVERSITY NC 501(C)(3) 509(A)(3) N/A 0 NC STATE UNIVERSITY STUDENT AID ASSOCIATION PO BOX 37100 RALEIGH NC 27627 560650623 SUPPORTS ATHLETIC PROGRAM AT NCSU NC 501(C)(3) 170(B)(1)(A)(IV) N/A 0 NORTH CAROLINA TEXTILE FOUNDATION INC NCSU BOX 8301 RALEIGH NC 27695 566045324 AIDS EDUCATION & RESEARCH IN THE COLLEGE OF TEXTILES AT NCSU NC 501(C)(3) 170(B)(1)(A)(IV) N/A 0 CHARITABLE REMAINDER TRUSTS (3) ASSET INVESTMENT NC NC STATE NATURAL RESOURCES FOUNDATION T 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1