2015-05-14T12:12:12-05:00 2014-06-30 560517823 Koonce Wooten & Haywood LLP P O Box 17806 Raleigh NC 276197806 990 2013-07-01 566044358 AUBREY LEE BROOKS FOUNDATION AUBR 9195498614 P O BOX 13663 RESEARCH TRIANGLE PARK NC 277093663 Sharon Grubb SECRETARY & DIRECTOR 9192484642 2015-05-14 1 Christopher Duffus P00171587 9197829265 2013 2016-02-25 16:41:14Z SHARON GRUBB P O BOX 14103 RESEARCH TRIANGLE PARK NC 277094103 2270805 0 X SEE STATEMENT X FOUNDATION 1955 NC PROVIDING SCHOLARSHIPS TO THREE NORTH CAROLINA UNIVERSITIES 11 11 0 0 0 0 0 0 0 0 1864924 1865603 0 1117 1864924 1866720 875080 912868 0 0 0 0 0 0 0 120153 126735 995233 1039603 869691 827117 26230100 28939641 0 0 26230100 28939641 TO PROMOTE THE EDUCATION OF DESERVING YOUTH FROM A 14-COUNTY AREA OF NORTH CAROLINA BY PROVIDING SCHOLARSHIPS AT THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL, NORTH CAROLINA STATE UNIVERSITY IN RALEIGH, OR THE UNIVERSITY OF NORTH CAROLINA AT GREENSBORO. 0 0 922965 912868 PROVIDED 67 STUDENTS WITH SCHOLARSHIP FUNDS THROUGH THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL, NORTH CAROLINA STATE UNIVERSITY IN RALEIGH, AND THE UNIVERSITY OF NORTH CAROLINA AT GREENSBORO. 922965 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 1 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 1 0 0 0 X MS SHARON GRUBB 9192484672 NCSEAA PO BOX 14103 RESEACH TRIANGLE PARK NC 277094103 X SHARON GRUBB DIRECTOR 1.00 X 0 0 0 JAMES TAYLOR BROOKS JR TRUSTEE 0.00 X 0 0 0 PHYLLIS BROOKS TRUSTEE 0.00 X 0 0 0 HELEN E BROOKS TRUSTEE 0.00 X 0 0 0 SHERRILL M LYBROOK TRUSTEE 0.00 X 0 0 0 ANN LEMMON TRUSTEE 0.00 X 0 0 0 CHARLES E PERUSSE TRUSTEE 0.00 X 0 0 0 WILLIAM R WOODSON TRUSTEE 0.00 X 0 0 0 CAROL L FOLT TRUSTEE 0.00 X 0 0 0 THOMAS ROSS TRUSTEE 0.00 X 0 0 0 LINDA P BRADY TRUSTEE 0.00 X 0 0 0 0 0 0 0 0 0 0 0 1819351 1819351 450337 404085 46252 46252 46252 OTHER INVESTMENT INCOME 900099 1117 1117 1117 1866720 0 0 1866720 912868 912868 115336 115336 1302 1302 5293 5293 PRINTING 4804 4804 1039603 922965 116638 0 1159591 720675 25000 25000 0 0 25062285 28218966 8224 26230100 28939641 0 0 X 25250100 27959641 980000 980000 26230100 28939641 26230100 28939641 827117 1882424 0 X X 0 1 X 1 0 X X 0 0 0 NC STATE UNIVERSITY 566000756 2 1 1 1 327679 UNC-CHAPEL HILL 566001393 2 1 1 1 473233 UNC-GREENSBORO 566001468 2 1 1 1 111956 3 912868 24692947 3749144 912868 10097 116638 27402488 24692947 2532386 875080 5292 114861 26230100 26168121 -551236 810577 3523 109838 24692947 22188419 4821390 726932 4559 110197 26168121 20755533 2222083 684082 4475 100640 22188419 0.03390 0.96610 1 0 25000 25000 0 0 3749144 1882424 1882424 1866720 0 1866720 1039603 0 1039603 0 1039603 FORM 990, SCHEDULE D, PART V, LINE 4 THE FOUNDATION'S ENDOWMENT FUND IS THE SOLE MEANS OF REVENUE OF THE FOUNDATION. IT IS INTENDED TO GENERATE ENOUGH INCOME TO SUPPORT THE OPERATIONS OF THE FOUNDATION EACH YEAR, AND ALSO TO PROVIDE GROWTH TO OFFSET FUTURE INFLATION. 1 SCHOLARSHIPS TO THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL 34 473233 SCHOLARSHIPS TO NORTH CAROLINA STATE UNIVERSITY IN RALEIGH 24 327679 SCHOLARSHIPS TO THE UNIVERSITY OF NORTH CAROLINA AT GREENSBORO 9 111956 Part I, Line 2: COUNTY COMMITTEES CHOOSE SCHOLARSHIP RECIPIENTS BASED ON FINANCIAL NEED, MERIT, LEADERSHIP, CHARACTER, AND THE WILL OF THE RECIPIENT TO HELP HIMSELF OR HERSELF PREPARE FOR A CAREER AS A USEFUL AND INFORMED CITIZEN. THESE COMMITTEES ARE OVERSEEN BY A CENTRAL COMMITTEE COMPOSED OF SCHOLARSHIP, FINANCIAL AND ENROLLMENT SPECIALISTS FROM THE THREE UNIVERSITIES. TUITION PAYMENTS ARE DISBURSED DIRECTLY TO THE UNIVERSITIES. EACH UNIVERSITY MONITORS THEIR SCHOLARSHIP RECIPIENTS FOR CONTINUING ELIGIBILITY IN TERMS OF FINANCIAL NEED, FULL-TIME ENROLLMENT, AN ACCEPTABLE CUMULATIVE GRADE POINT AVERAGE, AND GOOD CITIZENSHIP. SCHOLARSHIP PAYMENTS FOR A ONE-TIME COMPUTER ALLOWANCE AND FOR SUMMER INTERNSHIPS, RESEARCH OR STUDY ABROAD ARE MONITORED BY THE NORTH CAROLINA STATE EDUCATION ASSISTANCE AUTHORITY THROUGH EXAMINATION OF RECEIPTS, TIME SHEETS SIGNED BY THE EMPLOYER, PROGRAM COSTS AND BUDGETS PUBLISHED BY THE SPONSORING SCHOOL, AND OTHER EVIDENCIARY MATERIAL. Form 990, Part VI, Section A, line 2 FOUR MEMBERS OF THE BOARD OF TRUSTEES ARE GRANDCHILDREN OF THE ORIGINAL DONOR WHO CREATED THE FOUNDATION. Form 990, Part VI, Section A, line 8a THE BOARD OF TRUSTEES OF THE FOUNDATION DID NOT MEET DURING THE YEAR ENDED JUNE 30, 2014. Form 990, Part VI, Section B, line 11 FORM 990 IS DISTRBUTED TO EACH BOARD MEMBER UPON FILING WITH THE INTERNAL REVENUE SERVICE. Form 990, Part VI, Section B, line 12c ALL TRUSTEES OF THE FOUNDATION ARE REMINDED ANNUALLY THAT THEY MUST DISCLOSE ANY INTERESTS THAT COULD GIVE RISE TO A CONFLICT OF INTEREST TO THE BOARD. IN ADDITION, THE TRUSTEES ARE REQUIRED TO SIGN A WRITTEN CONFLICT OF INTEREST POLICY ANNUALLY. Form 990, Part VI, Section C, line 19 THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, AND FORM 990 FOR THE PAST THREE YEARS ARE AVAILABLE UPON REQUEST AT THE OFFICES OF THE NORTH CAROLINA STATE EDUCATION ASSISTANCE AUTHORITY WHICH PROVIDES CENTRAL ADMINISTRATION FOR THE FOUNDATION. Form 990, Part XII, Lince 2C: THE ORGANIZATION DID NOT CHANGE EITHER ITS AUDIT OVERSIGHT PROCESS OR AUDIT SELECTION PROCESS DURING THE TAX YEAR. FORM 990, PART 1, LINE J ALTHOUGH THE FOUNDATION DOES NOT MAINTAIN ITS OWN WEBSITE, INFORMATION ABOUT THE SCHOLARSHIPS OFFERED BY THE FOUNDATION CAN BE FOUND AT THE FOLLOWING WEB ADDRESS: www.ncseaa.edu/brooks.htm