2013-04-18T17:23:44-05:00 2012-06-30 561031342 WILLIAMS OVERMAN PIERCE LLP 2501 ATRIUM DR SUITE 500 RALEIGH NC 27607 990 2011-07-01 560653350 NC STATE NATURAL RESOURCES FOUNDATION INC NCST 9195137149 NCSU BOX 7207 RALEIGH NC 276957207 MARY PELOQUIN-DODD 9195137149 2013-04-16 1 BRIAN SCHEPPERLEY CPA P01332750 9197823444 2013-04-16 X 2011 2016-03-07 17:11:31Z MARY PELOQUIN-DODD NCSU BOX 7207 RALEIGH NC 27695 7311705 0 X CNR.NCSU.EDU/ALUMNI_FRIENDS/SUPPORT/ 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. 17 17 7 100 0 0 1566373 1039123 4678645 4062976 150152 205127 60317 306976 6455487 5614202 1697301 1757320 0 0 544021 585392 0 0 394444 3974870 4345740 6216192 6688452 239295 -1074250 27073437 26918726 1428992 1948305 25644445 24970421 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 6168681 1757320 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. 6168681 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 0 0 0 0 0 1 0 0 0 0 1 16 0 1 7 1 0 0 0 0 0 0 0 0 0 0 X 17 17 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X X MARY PELOQUIN-DODD 9195137149 NCSU BOX 7207 RALEIGH NC 27695 X LOU BOOS 1.00 X 0 0 0 BRENDA BRICKHOUSE 1.00 X X 0 0 0 JIM BUZZARD 1.00 X 0 0 0 STEVE CONGER 1.00 X 0 0 0 GUS COTTROS 1.00 X 0 0 0 BOB HARLEY 1.00 X 0 0 0 JEFF HEARN 1.00 X 0 0 0 KEN HINES 1.00 X 0 0 0 RICK MALM 1.00 X 0 0 0 DICK PORTERFIELD 1.00 X 0 0 0 PHIL REA 1.00 X 0 0 0 ART RAYMOND 1.00 X X 0 0 0 PAUL RAYMOND 1.00 X 0 0 0 LORETHEA THIELE 1.00 X 0 0 0 BRAD THOMPSON 1.00 X 0 0 0 SCOTT WALLINGER 1.00 X 0 0 0 JIM WELLBORN 1.00 X 0 0 0 KATHRYN S HART 1.00 X 0 216000 30450 MARY PELOQUIN-DODD 1.00 X 0 0 0 CHARLES LEFFLER 1.00 X 0 262936 36034 DAVID ASHCRAFT 1.00 X 0 121252 18754 ASHLEY FAIRCLOTH 40.00 X 158452 0 28006 158452 600188 113244 1 0 1 0 JONES LAND DEVELOPING 2145 BELGRADE SWANSBORO RD MAYSVILLE NC 28555 STRIP SHEARING/BEDDING 457741 DOUG ARMSTRONG LAND DEVELOPING 8790 NC HWY 45 NORTH BELHAVEN NC 27810 STRIP SHEARING 205418 BLUE WATER VEGETATION MANAGEMENT LLC 1517 HWY 129 GALIVANTS FERRY SC 29544 AERIAL SPRAYING 174286 RONALD CAVENAUGH DBA ALL SEASONS EXCAVAT 1430 ONSLOW PINES RD JACKSONVILLE NC 28540 DITCH INSTALLATIONS 134779 H & J FOREST SERVICES LLC PO BOX 458 HOLLY RIDGE NC 28445 TREE PLANTING 105826 5 1039123 1039123 HOFMANN FOREST 110000 4062976 4062976 4062976 83307 83307 1819323 1697503 121820 121820 121820 OTHER INCOME 611600 306976 306976 306976 5614202 4369952 0 205127 1757320 1757320 186458 186458 301636 301636 7741 7741 53658 53658 35899 35899 14200 12850 1350 70145 21345 48800 76527 76527 246957 246957 12879 9827 3052 82629 73130 9499 8302 7814 488 277116 242553 34563 47655 41619 6036 100680 100680 76606 73910 2696 OTHER SERVICES 1679496 1679496 SERVICE AGREEMENTS 1014283 953099 61184 SUPPLIES 376643 361394 15249 EQUIPMENT RENTAL 161734 161208 526 99888 87044 12844 6688452 6168681 125327 394444 253639 232755 4826081 4836764 320528 56851 1535366 455861 1130337 1079505 20742053 20300801 121327 91522 27073437 26918726 338207 1428992 1610098 1428992 1948305 X 8445452 6340261 5175131 5939519 12023862 12690641 25644445 24970421 27073437 26918726 X -1074250 400226 X X 0 1 1 X 0 X 1389190 706798 636510 1687671 1039123 5459292 1389190 706798 636510 1687671 1039123 5459292 642068 4817224 670357 161232 239260 119095 83307 1273251 53848 225794 379019 60317 306976 1025954 7758497 27888369 0.62090 0.56090 X SCHEDULE A, PART IV, SUPPLEMENTAL INFORMATION: 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 HOFFMAN MITIGATION CREDIT SALES. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 2 388.00 1 0 8.00 1000 21610482 302057 1820678 2556992 21176225 17854468 1043816 3205308 493110 21610482 16109681 230921 1513866 17854468 21425364 25751 -4869716 471718 16109681 0.23000 0.60000 0.17000 0 0 773411 773411 596720 443468 153252 165235 12393 152842 1079505 STIF 6066 F NC STATE INVESTMENT FUND 18388821 F BNY MELLON - LIFE INCOME FUNDS 1905914 F 20300801 LIFE INCOME FUNDS PAYABLE 1301506 DUE TO OTHERS 308592 1610098 5614202 6688452 -1074250 349123 147350 -96247 400226 -674024 5845941 349123 15000 364123 5481818 76527 55857 132384 5614202 6626925 15000 15000 6611925 76527 76527 6688452 DESCRIPTION OF HOW ORGANIZATION REPORTS CONSERVATION EASEMENTS: PART II, LINE 9: DONATED EASEMENTS ARE STATED AT FAIR VALUE AS OF THE DATE OF DONATION. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF 205 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION, AND HAS CONCLUDED THAT AS OF JUNE 30, 2012, 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 8 - OTHER ADJUSTMENTS: DECREASE IN VALUE OF SPLIT INTEREST AGREEMENT -55,857. TRANSFER OF FUNDS TO/FROM ASSOCIATED ENTITY -40,390. TOTAL TO SCHEDULE D, PART XI, LINE 8: -96,247. PART XII, LINE 4B - OTHER ADJUSTMENTS: DECREASE IN VALUE OF SPLIT INTEREST 55,857. 1 NC STATE UNIVERSITY NCSU BOX 7207 RALEIGH NC 27695 566000756 501(C)(3) 1757320 BOOK N/A SCHOLARSHIPS, FACULTY SUPPORT, DEPARTMENTAL SUPPORT, AND FACILITY SUPPORT 1 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 KATHRYN S HART 0 216000 0 0 0 0 0 25520 0 4930 0 246450 0 0 CHARLES LEFFLER 0 262936 0 0 0 0 0 31104 0 4930 0 298970 0 0 ASHLEY FAIRCLOTH 158452 0 0 0 0 0 5000 0 23006 0 186458 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 BUSINESS-RELATED PERFORMANCE METRICS. SUPPLEMENTAL INFORMATION PART III THE BOARD MEMBERS THAT ARE COMPENSATED RECEIVE COMPENSATION FROM NC STATE UNIVERSITY, A 501(C)(3) 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. 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 DIRECTOR PAUL RAYMOND IS PRESIDENT OF ASHLAND HERCULES; DIRECTOR LOU BOOS IS PRESIDENT OF NORDIC ENGINEERING; 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: HTTP://WWW.FIS.NCSU.EDU/FOUNDATIONS_ACCOUNTING/FOUNDATIONS/NATRES.ASP AND AVAILABLE THROUGH GUIDESTAR. 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://WWW.FIS.NCSU.EDU/FOUNDATIONS_ACCOUNTING/FOUNDATIONS/NATRES.ASP. OTHER GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART VII, SECTION A- HOURS FOR RELATED ORGANIZATIONS THE BOARD OF DIRECTORS AND OFFICERS OF THE NC STATE NATURAL RESOURCES FOUNDATION, INC. THAT ARE COMPENSATED BY NC STATE UNIVERSITY DEVOTE AN AVERAGE OF 40 HOURS PER WEEK TO RELATED ORGANIZATIONS. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 349,123. PRIOR PERIOD ADJUSTMENTS: 147,350. DECREASE IN VALUE OF SPLIT INTEREST AGREEMENT -55,857. TRANSFER OF FUNDS TO/FROM ASSOCIATED ENTITY -40,390. TOTAL TO FORM 990, PART XI, LINE 5: 400,226. FORM 990, PART XII, LINE 1 NORTH CAROLINA NATURAL RESOURCES FOUNDATION, INC HAS CHANGED FROM CASH BASIS TO ACCRUAL BASIS ON FORM 990 IN ORDER TO CORRESPOND TO THE ACCOUNTING METHOD USED FOR THE FINANCIAL STATEMENT. FORM 3115 IS BEING FILED. 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 7207 RALEIGH NC 27695 566000756 EDUCATION NC 501(C)(3) 170(B)(1)(A)(II) 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 PHYSICAL & MATHEMATICAL SCIENCES FOUNDATION INC NCSU BOX 7207 RALEIGH NC 27695 581524289 SUPPORTS THE SCHOOL OF PHYSICAL & MATHEMATICAL 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 NCSU BOX 7207 RALEIGH NC 27695 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 7207 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 1 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1