2015-12-08T16:17:59-06:00 2015-06-30 561031342 WILLIAMS OVERMAN PIERCE LLP 2501 ATRIUM DRIVE SUITE 500 RALEIGH NC 27607 990 2014-07-01 566049503 NORTH CAROLINA STATE UNIVERSITY FOUNDATION INC NORT 9195137149 NCSU BOX 7207 RALEIGH NC 27695 JILL TASAICO ASST TREASURER 9195137149 2015-11-16 1 BRIAN SCHEPPERLEY CPA P01332750 9197823444 2015-11-16 X 2014 2016-04-25 22:37:26Z JILL TASAICO NCSU BOX 7207 RALEIGH NC 27695 46673487 0 X SEE SCHEDULE O X 1942 NC SUPPORTS, BY FINANCIAL ASSISTANCE AND OTHERWISE, THE VARIOUS COLLEGES WITHIN THE UNIVERSITY, THE LIBRARIES, AND OTHER UNIVERSITY-CONNECTED FUNCTIONS. 20 20 0 21 0 0 59558407 28670217 4153540 4378462 2663171 3117772 -23973 -33005 66351145 36133446 7253890 10096956 0 0 0 0 480200 452917 2000857 9807226 7945982 17541316 18495855 48809829 17637591 324594333 358664132 19994672 18311681 304599661 340352451 SUPPORTS, BY FINANCIAL ASSISTANCE AND OTHERWISE, THE VARIOUS COLLEGES WITHIN THE UNIVERSITY, THE LIBRARIES, AND OTHER UNIVERSITY-CONNECTED FUNCTIONS. 0 0 15604827 10096956 SUPPORTS, BY FINANCIAL ASSISTANCE, THE VARIOUS COLLEGES WITHIN THE UNIVERSITY, THE LIBRARIES, AND OTHER UNIVERSITY-CONNECTED FUNCTIONS. THE FOUNDATION AWARDS SCHOLARSHIPS, FELLOWSHIPS, AND OTHER AWARDS BASED ON THE REQUIREMENTS STIPULATED BY THE CONTRIBUTORS AND/OR RECOMMENDATIONS OF THE BOARD OF DIRECTORS. 15604827 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 1 0 0 0 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 47 0 1 0 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X JILL TASAICO 9195137149 CAMPUS BOX 7207 RALEIGH NC 27695 MICHAEL CONSTANTINO DIRECTOR 1.00 X 0 0 0 LYNN DANIEL DIRECTOR 1.00 X 0 0 0 DAVID FOX DIRECTOR 1.00 X 0 0 0 LYNNE GARRISON DIRECTOR 1.00 X 0 0 0 ELIZABETH GODWIN DIRECTOR 1.00 X 0 0 0 JEFFREY GOODMAN DIRECTOR 1.00 X 0 0 0 TORRY HOLT DIRECTOR 1.00 X 0 0 0 JERRY JACKSON CHAIR 1.00 X X 0 0 0 STANHOPE KELLY DIRECTOR 1.00 X 0 0 0 JOY MOSHAKOS DIRECTOR 1.00 X 0 0 0 DAVID PARKER DIRECTOR 1.00 X 0 0 0 TRENT RAGLAND VICE CHAIR 1.00 X X 0 0 0 STEVE SCHUSTER DIRECTOR 1.00 X 0 0 0 CHARLES STALLINGS DIRECTOR 1.00 X 0 0 0 NAN STRADER DIRECTOR 1.00 X 0 0 0 WALTER WILKINSON DIRECTOR 1.00 X 0 0 0 SMEDES YORK PAST CHAIR 1.00 X 0 0 0 CLIF KNIGHT DIRECTOR 1.00 X 0 0 0 HANS WARREN DIRECTOR 1.00 X 0 0 0 DEWAYNE WASHINGTON DIRECTOR 1.00 X 0 0 0 BRIAN SISCHO PRESIDENT 1.00 40.00 X 0 318580 24911 RALPH SUGGS INTERIM VP 1.00 40.00 X 0 207904 30389 TAYLOR JEFFREYS SECRETARY 1.00 40.00 X 0 126230 24269 MARY PELOQUIN-DODD TREASURER 1.00 40.00 X 0 215760 20135 CHARLES LEFFLER ASST TREASURER 1.00 40.00 X 0 294210 49376 RANDY WOODSON CHANCELLOR 1.00 40.00 X 0 521976 43571 JILL TASAICO ASST TREASURER 1.00 40.00 X 0 140460 26377 LAURIE REINHARDT-PLOTNICK FORMER VP 1.00 40.00 X 0 227677 38014 0 2052797 257042 0 1 1 0 0 28670217 1046412 28670217 PROG.SERV.REVENUE 611710 4378462 4378462 4378462 421440 421440 13179388 10483056 2696332 2696332 2696332 23980 56985 -33005 -33005 36133446 4378462 0 3084767 10096956 10096956 4400 2351 1013 1036 199781 118381 81400 452917 452917 807758 807758 112860 112860 53392 48866 4526 343658 159763 183895 89209 88192 1017 818116 687647 130469 144406 106262 38144 203035 203035 42581 20738 21843 MISC SERVICES & FEES 1626506 1498687 127819 OTHER CONTRACTED SERVIC 1072779 831917 240862 CAPITAL IMPROVEMENTS 777913 777913 SUPPLIES 663359 503304 160055 986229 460815 525414 18495855 15604827 890171 2000857 893084 726790 16060887 22044077 69405819 71972525 181016 49000 11318728 1888239 7523381 9430489 207226331 232711949 23303815 21729302 324594333 358664132 832551 407664 19162121 17904017 19994672 18311681 X 10634064 13069320 91905561 106341472 202060036 220941659 304599661 340352451 324594333 358664132 X 17637591 14621053 3494146 X 0 1 X 1 0 X 30699404 25429496 43078861 59558407 28670217 187436385 30699404 25429496 43078861 59558407 28670217 187436385 130377452 57058933 235291 257530 258675 427204 421440 1600140 189036525 21025506 0.30180 0.25950 X THE NORTH CAROLINA STATE UNIVERSITY FOUNDATION PROVIDES FINANCIAL SUPPORT TO THE VARIOUS COLLEGES WITHIN NORTH CAROLINA STATE UNIVERSITY, THE LIBRARIES AND OTHER UNIVERSITY CONNECTED FUNCTIONS. NORTH CAROLINA STATE UNIVERSITY IS A RESEARCH-EXTENSIVE UNIVERSITY DEDICATED TO THE CREATION AND APPLICATION OF KNOWLEDGE TO BENEFIT ITS STUDENTS AS WELL AS THE GENERAL PUBLIC. THE FOUNDATION MAINTAINS A CONTINUOUS PROGRAM FOR SOLICITATION OF FUNDS FROM THE GENERAL PUBLIC. THE FOUNDATION SOLICITS FUNDS IN ALL 50 STATES AND HOLDS SOLICITATION LICENSES IN THESE STATES WHERE APPLICABLE. DURING THE FISCAL YEAR ENDED JUNE 30, 2015, THE FOUNDATION RECEIVED CONTRIBUTIONS FROM APPROXIMATELY 13,500 SEPARATE DONORS.IN ADDITION, THE FOUNDATION HAS A GOVERNING BODY WHICH REPRESENTS THE BROAD INTERESTS OF THE PUBLIC. THE FOUNDATION IS GOVERNED BY 20 VOTING DIRECTORS THAT SERVE A FOUR YEAR TERM. THEIR SUCCESSORS ARE ELECTED BY A MAJORITY VOTE OF THE VOTING DIRECTORS AT THE ANNUAL MEETING. A SLATE OF DIRECTOR CANDIDATES IS CHOSEN FROM A LARGE POOL OF CANDIDATES WHICH IS CREATED AND MANAGED IN AN ONGOING MANNER BY THE NOMINATIONS COMMITTEE. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 262783166 14828518 20023712 2886077 294749319 207512485 33091038 25156081 2976438 262783166 110204021 86730938 13285237 2707711 207512485 96573675 15465035 875553 2710242 110204021 62491962 22113157 12285532 316976 96573675 0.02000 0.75000 0.23000 1 0 2668610 2668610 8643486 1881607 6761879 6632 6632 0 9430489 NC STATE INVESTMENT FUND 215143988 F WELLS FARGO- LIFE INCOME 6794168 F STIF 503377 F SRI FUND 10270416 F 232711949 OTHER ASSETS 441446 RECEIVABLE FROM UNIVERSITY ENTITIES 605347 EXTERNALLY MANAGED IRREVOCABLE TRUST 20682509 21729302 LIFE INCOME FUNDS PAYABLE 3597145 DUE TO OTHERS 1397743 AGENCY FUNDS HELD IN CUSTODY FOR OTHERS 925409 LIFE INCOME FUNDS PAYABLE- EXTERNALLY MANAGED IRREVOCABLE TRUST 11983720 17904017 X 54651914 14621053 1147000 3558173 19326226 35325688 807758 807758 36133446 18835097 1147000 1147000 17688097 807758 807758 18495855 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF 580 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES RELATED TO THE FOUNDATION'S MISSION TO AID AND PROMOTE ALL TYPES OF EDUCATION AND RESEARCH WITHIN THE VARIOUS COLLEGES AT NC STATE UNIVERSITY, THE LIBRARIES AND OTHER UNIVERSITY-CONNECTED FUNCTIONS. PART X, LINE 2: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION, AND HAS CONCLUDED THAT AS OF JUNE 30, 2015, 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. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2011. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF CHARITABLE LEAD TRUST 872,909. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 2,685,264. X X X 0 RUFFALO NOEL 1025 KIRKWOOD PKWY SW CEDAR RAPIDS IA 52404 STUDENT CALLING CONTRACT FOR ANNUAL GIVING PROGRAM 0 781345 452917 328428 781345 452917 328428 AK AL AR CA CT CO FL GA HI IL KS KY MD MI MN MO MS NC NH NJ NM ND OK OR PA RI SC TN UT WA WV WI DC ME LA MA NY VA OH URBAN DESIGN CONF 8100 8100 3642 4458 DESIGN GALA 10200 10200 10362 20051 3200 9177 1 5680 5680 3401 2694 23980 23980 10362 27094 3200 16329 56985 -33005 SCHEDULE G, LINE 2B, COLUMN IV- GROSS RECEIPTS FROM ACTIVITY TOTAL DONATIONS RAISED DURING THE ANNUAL GIVING PROGRAM WERE $ 781,345. A PORTION OF SUCH DONATIONS WERE DESIGNATED FOR OTHER 501(C)(3) ORGANIZATIONS RELATED TO THE NORTH CAROLINA STATE UNIVERSITY FOUNDATION (SEE SCHEDULE R), HOWEVER THE TOTAL COST OF THE ANNUAL GIVING PROGRAM WAS ABSORBED BY THE NORTH CAROLINA STATE UNIVERSITY FOUNDATION. THE GROSS RECEIPTS DESIGNATED TO THE NORTH CAROLINA STATE UNIVERSITY FOUNDATION WERE $ 710,783. 1 NORTH CAROLINA STATE UNIVERSITY NCSU BOX 7205 RALEIGH NC 27695 566000756 170(C)(1) 10096956 BOOK VALUE 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 0 0 BRIAN SISCHO PRESIDENT 0 298690 0 0 0 19890 0 20430 0 4481 0 343491 0 0 RALPH SUGGS INTERIM VP 0 203200 0 0 0 4704 0 30389 0 0 0 238293 0 0 TAYLOR JEFFREYS SECRETARY 0 126230 0 0 0 0 0 18892 0 5377 0 150499 0 0 MARY PELOQUIN-DODD TREASURER 0 215760 0 0 0 0 0 14758 0 5377 0 235895 0 0 CHARLES LEFFLER ASST TREASURER 0 294210 0 0 0 0 0 43999 0 5377 0 343586 0 0 RANDY WOODSON CHANCELLOR 0 520000 0 0 0 1976 0 38194 0 5377 0 565547 0 0 JILL TASAICO ASST TREASURER 0 140390 0 0 0 70 0 21000 0 5377 0 166837 0 0 LAURIE REINHARDT-PLOTNICK FORMER VP 0 218250 0 0 0 9427 0 32637 0 5377 0 265691 0 0 SCHEDULE J, PART II- COMPENSATION FROM RELATED ORGANIZATIONS THE BOARD MEMBERS THAT ARE COMPENSATED RECEIVE COMPENSATION FROM NC STATE UNIVERSITY, A 170(C)(1) ORGANIZATION RELATED TO THE FOUNDATION. X 34 1021412 FMV X IRA ROLLOVER 2 25000 FMV 8 0 1 0 FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE CONSISTS OF THE CHAIRPERSON, THE VICE CHAIRPERSON, THE IMMEDIATE PAST CHAIRPERSON, THE PRESIDENT OF THE NORTH CAROLINA STATE UNIVERSITY ALUMNI ASSOCIATION, AND THE CHAIRPERSONS OF THE AUDIT AND FINANCE COMMITTEE, THE DEVELOPMENT COMMITTEE, THE AWARDS AND GRANTS COMMITTEE, AND THE NOMINATING COMMITTEE. THE CHANCELLOR OF THE NORTH CAROLINA STATE UNIVERSITY AND THE PRESIDENT, VICE PRESIDENT FOR DEVELOPMENT, SECRETARY, AND THE TREASURER OF THE FOUNDATION SHALL SERVE AS EX-OFFICIO MEMBERS OF THE EXECUTIVE COMMITTEE WITHOUT VOTING PRIVILEGES. THE CHAIRPERSON OF THE FOUNDATION SHALL SERVE AS THE CHAIR OF THE EXECUTIVE COMMITTEE. MEMBERS SHALL SERVE TWO YEAR TERMS IN CONJUNCTION WITH THE TERM OF THE CHAIRPERSON OF THE FOUNDATION. THE EXECUTIVE COMMITTEE SHALL HAVE AND EXERCISE THE AUTHORITY OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE BUSINESS OF THE FOUNDATION BETWEEN THE MEETINGS OF THE BOARD; PROVIDED, HOWEVER, THAT THE EXECUTIVE COMMITTEE SHALL HAVE NO POWER TO (A) AUTHORIZE DISTRIBUTIONS; (B) APPROVE DISSOLUTION, MERGER OR SALE, PLEDGE OR TRANSFER OF ALL OR SUBSTANTIALLY ALL OF THE FOUNDATION'S ASSETS; (C) ELECT, APPOINT OR REMOVE DIRECTORS, EXCEPT TO FILL VACANCIES ON THE BOARD PURSUANT TO THE BYLAWS; OR (D) ADOPT, AMEND OR REPEAL THE ARTICLES OF CERTIFICATE OF INCORPORATION OR THESE BYLAWS. THE PRESENCE OF ONE-HALF OF THE VOTING DIRECTORS OF THE EXECUTIVE COMMITTEE AT ANY REGULAR OR SPECIAL MEETING OR SAID COMMITTEE SHALL CONSTITUTE A QUORUM FOR THE TRANSACTION OF BUSINESS. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS REVIEWED BY AUDIT & INVESTMENT COMMITTEE PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANY CORPORATE TRANSACTION IN WHICH A DIRECTOR HAS A DIRECT OR INDIRECT INTEREST MUST BE AUTHORIZED, APPROVED OR RATIFIED IN GOOD FAITH BY A MAJORITY, NOT LESS THAN TWO OF THE DIRECTORS WHO HAVE NO DIRECT OR INDIRECT INTEREST IN THE TRANSACTION EVEN THOUGH LESS THAN A QUORUM; PROVIDED, HOWEVER, NO SUCH TRANSACTION SHALL BE AUTHORIZED, APPROVED OR RATIFIED BY A SINGLE DIRECTOR. A DIRECTOR 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. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS AND OFFICERS OF NC STATE UNIVERSITY FOUNDATION INC THAT DO RECEIVE COMPENSATION ARE COMPENSATED BY NC STATE UNIVERSITY, A 170(C)(1) ORGANIZATION RELATED TO NC STATE UNIVERSITY FOUNDATION INC. NC STATE UNIVERSITY SETS THE COMPENSATION OF THESE EMPLOYEES BY ACQUIRING COMPARABILITY DATA WHICH IS REVIEWED AND APPROVED BY INDEPENDENT PERSONS WITH CONTEMPORANEOUS SUBSTANTIATION OF THE DECISION. 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.OFA.NCSU.EDU/FOUNDATIONS/NC-STATE-UNIVERSITY- FOUNDATION-INC. OTHER GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: TRANSFER TO OTHER UNIVERSITY ENTITIES -64,027. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 872,909. CHANGE IN VALUE OF CHARITABLE LEAD TRUST 2,685,264. PAGE 1, QUESTION J - WEBSITE HTTP://FOUNDATIONSACCOUNTING.OFA.NCSU.EDU/FOUNDATIONS/NC-STATE- UNIVERSITY-FOUNDATION-INC NC STATE EXECUTIVE EDUCATION LLC NCSU BOX 7207 RALEIGH NC 27695 566049503 SUPPORT ORGANIZATION OF NC STATE UNIVERSITY-EXECUTIVE EDUCATION PROGRAM NC 1448453 70537 NC STATE UNIVERSITY FOUNDATION NORTH CAROLINA VETERINARY MEDICAL FOUNDATION INC NCSU BOX 7207 RALEIGH NC 27695 581344473 SUPPORT ORGANIZATION OF NC STATE UNIVERSITY NC 501(C)(3) 170(B)(1)(A)(IV) N/A 0 NORTH CAROLINA TOBACCO FOUNDATION INC NCSU BOX 7207 RALEIGH NC 27695 591715828 SUPPORT ORGANIZATION OF NC STATE UNIVERSITY NC 501(C)(3) 170(B)(1)(A)(IV) N/A 0 THE NORTH CAROLINA AGRICULTURAL FOUNDATION INC NCSU BOX 7207 RALEIGH NC 27695 566049304 SUPPORT ORGANIZATION OF NC STATE UNIVERSITY NC 501(C)(3) 170(B)(1)(A)(IV) N/A 0 NC STATE ENGINEERING FOUNDATION INC NCSU BOX 7207 RALEIGH NC 27695 566046987 SUPPORT ORGANIZATION OF NC STATE UNIVERSITY 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 SUPPORT ORGANIZATION OF NC STATE UNIVERSITY NC 501(C)(3) 170(B)(1)(A)(IV) N/A 0 NC STATE NATURAL RESOURCES FOUNDATION INC NCSU BOX 7207 RALEIGH NC 27695 560653350 SUPPORT ORGANIZATION OF NC STATE UNIVERSITY NC 501(C)(3) 170(B)(1)(A)(IV) N/A 0 NORTH CAROLINA STATE ALUMNI ASSOCIATION INC NCSU BOX 7207 RALEIGH NC 27695 566035544 SUPPORT ORGANIZATION OF NC STATE UNIVERSITY 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 NORTH CAROLINA STATE UNIVERSITY CLUB INC PO BOX 33067 RALEIGH NC 27636 560769351 PROVISION OF RECREATIONAL ACTIVITIES FOR MEMBERS NC 501(C)(7) N/A N/A 0 NC STATE UNIVERSITY NCSU BOX 7205 RALEIGH NC 27695 566000756 EDUCATION NC 170(C)(1) N/A 0 NC STATE UNIVERSITY STUDENT AID ASSOCIATION INC 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 OF NC STATE UNIVERSITY NC 501(C)(3) 509(A)(3) N/A 0 NC STATE INVESTMENT FUND INC NCSU BOX 7207 RALEIGH NC 27695 311607634 INVEST FUNDS OF NC STATE UNIVERSITY ENDOWMENT AND OTHER RELATED FOUNDATIONS NC 501(C)(3) 509(A)(3) N/A 0 CHARITABLE REMAINDER TRUSTS (15) ASSET INVESTMENT NC NORTH CAROLINA STATE UNIVERSITY FOUNDATION INC T 0 CHARITABLE REMAINDER TRUSTS-EXTERNALLY MANAGED (1) ASSET INVESTMENT NC N/A T 0 CHARITABLE LEAD TRUST (2) ASSET INVESTMENT NC N/A T 0 0 1 0 1 0 0 0 0 0 1 0 1 0 1 1 1 1 1 1