2015-04-07T05:21:08-07:00 2014-06-30 THOMAS & GIBBS CPAS PLLC 6114 FAYETTEVILLE RD STE 101 DURHAM NC 277136284 990 2013-07-01 566075899 The North Carolina A &T University Foundation Inc NORT 3364335560 PO BOX 20366 Greensboro NC 27420 Ralph E Fennell COO 2015-04-07 true Kenneth D Gibbs P00238164 9195440555 2013 2016-02-25 16:41:14Z Ralph E Fennell 10697203 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. 17 17 53 -163800 -163800 5716938 2242707 298843 494231 619379 3495010 1260229 9706179 4421158 730932 1129884 0 662739 72154 0 0 1505257 3301673 2898928 4503711 6807251 -82553 59288997 59355316 41553228 41576480 17735769 17778836 To provide scholarships and institutional support to North Carolina A&T state university students, faculty and departments. false false 3705259 The foundation provides student housing to support the NCA&T state university enrollment and retention maintaining a 99% occupancy. The foundation converted donated property which yielded $540,000 in proceeds that were turned over to the university to establish an endowment. The event center hosts all student into orientation to the university, events, executive board meetings of the chancellor and special university related events.The event center created more visibility for the campus which is a component of the university's preeminent 2020 master plan. 157944 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 three major grants whose scope include Alzheimer's whereby a center for outreach in aging and community health was established and STEM whereby the STEM center for excellence was established and the third STEM collaboratives throughout our region. The foundation awarded $906,903 from department scholarship and $250,000 from the foundation. The foundation helped support signage for the new skybox which is part of the preeminence 2020 master plan that is focused on the strategic alignment of the university. 3863203 true true false false false false false false false true true true false true true false false true 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 false true false false false false true 74 0 true 53 true true false false false true true true true false 0 false false false false false false false false false false X 17 17 false false false true false false false true true false false true true true true true true true true false X Ralph E Fennell 3364335560 200 North Benbow Road Greensboro NC 27411 X Shirley T Frye Interim Preside 0.50 0.00 X X 0 0 0 Nicole Pride Executive Dir. 0.50 0.00 X X 0 0 0 AV Blount President Emirt 0.50 0.00 X X 0 0 0 Harold LMartin Sr Chancellor 0.50 0.00 X X 0 0 0 Thurmon LDeloney Secretary 0.50 0.00 X X 0 0 0 Haven Cockerham Vice President 0.50 0.00 X X 0 0 0 Al Barnett Jr Board Member 0.50 0.00 X 0 0 0 Laurence Aikens Board Member 0.50 0.00 X 0 0 0 Hilda Pinnix-Ragland Board Member 0.50 0.00 X 0 0 0 Mary EPeek Board Member 0.50 0.00 X 0 0 0 Steve Papa Treasurer 0.50 0.00 X X 0 0 0 William Spencer Gwynn Board Member 0.50 0.00 X 0 0 0 Kenneth Dimock Board Member 0.50 0.00 X 0 0 0 Gerald Truesdale Board Member 0.50 0.00 X 0 0 0 Ricardo ISiordia Board Member 0.50 0.00 X 0 0 0 Teresa MDavis Board Member 0.50 0.00 X 0 0 0 Tricia Cisse Board Member 0.50 0.00 X 0 0 0 Melody Pierce Board Member 0.50 0.00 X 0 0 0 Ralph Fennell Director 50.00 0.00 X 102962 0 38752 Jacqueline McMillan COO 40.00 0.00 X 133835 0 47550 Shirlye Grandy Director 50.00 0.00 X 73865 0 30008 310662 116310 2 false true false Sodexho Inc and Affiliates 1601 E Market St Greensboro NC 27401 Catering 147500 1 2242707 2242707 Fee Income 298843 298843 298843 619379 619379 0 0 7029264 6071976 957288 957288 1121088 -163800 0 275000 204069 70931 0 0 Other Income 611710 232010 232010 232010 4421158 1651941 -163800 619379 0 1129884 1129884 0 0 0 0 0 0 0 72154 33711 38443 0 0 0 0 0 0 0 0 83780 83780 0 0 0 6997 2750 4247 0 0 0 0 0 11719 11719 Academic and Departmental 2575375 2575375 Professional Fees 622954 37553 585401 Postage and Shipping 848 150 698 0 4503711 3863203 640508 0 2816073 2300736 12581714 10165148 2605282 1669487 54761 786942 0 0 0 0 33324 43349391 11789744 32307308 31559647 0 4350905 0 0 8923859 8489127 59288997 59355316 312480 818266 147533 40800000 39490000 440748 1120681 41553228 41576480 X 4369334 4574932 8988644 8836380 4377791 4367524 17735769 17778836 59288997 59355316 -82553 1515360 -1389740 X false true X true false X 1883816 1850857 2283580 5716938 2242707 13977898 0 0 1883816 1850857 2283580 5716938 2242707 13977898 0 13977898 188046 329397 302138 494231 619379 1933191 0 1484787 1304144 1474260 2034256 232010 6529457 22440546 0.62290 0.62820 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5385452 79039 819229 299631 5984089 0.73000 0.27000 false false false 1873542 1873542 37763154 8879433 28883721 419829 168260 251569 1007877 643008 364869 2284989 2099043 185946 31559647 4350905 Bond issuance cost 2868156 Land held for resale 187900 Restricted Assets 5433071 8489127 Interest Rate Swap Agreement 1120681 1120681 X false Concert 275000 275000 204069 275000 275000 204069 204069 70931 true 0 0 Scholarships and Awards 400 1129884 Book 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 Jacqueline McMillan COO 133835 47550 181385 A NC Capital Facilities 561592154 2004-07-01 29250000 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 30716496 1908100 26982297 287155 57550 1481395 2001 false true false true B 21500000 1270400 373739 215943 17911704 1278214 2006 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 Part VI The arbitrage rebate calculations for 2004A and 2004B series bonds were done on July 17,2014. Form 990, Part VI, Line 5: Description of Material Diversion of Assets During March 2014, the Foundation discovered that an employee had made unauthorized transfers from foundation accounts for personal use. The foundation terminated the employee and recorded a receivable in the amount of $383,869 for amounts due.During July 2014, the foundation also filed a claim against its fidelity bond insurance policy to recover the loss.As of 06/30/2014, nothing has been received relating to the receivable.Internal controls have been implemented to ensure segregation of duties and that the accounting department is operating in a dual authorization environment. Form 990, Part VI, Line 11b: Form 990 Review Process The chairman of the finance and investment committee would review the completed form 990 on behalf of the board of directors. The chairman would sign the documents after being satisfied. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts The conflict of interest policy is presented to employees and board of directors on an annual basis and they are requested to identify any conflict of interest per our policy and sign the document. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees Review is done by the personnel committee of the board. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Available upon written request. Alumni Association 200 N Benbow Road Greensboro NC 27411 Alumni Relations NC 501(c)(3) N/A false false false false false false false false false false false false false false false false false false true false Alumni Association r 56419 Book