2012-03-22T18:27:48-05:00 2011-06-30 WILLIAMS OVERMAN PIERCE LLP 2501 ATRIUM DR SUITE 500 RALEIGH NC 27607 990 2010-07-01 560653350 NC STATE NATURAL RESOURCES FOUNDATION INC NCST 9195137149 NCSU BOX 7207 RALEIGH NC 276957207 KATHRYN S HART 9195137149 2012-03-22 1 BRIAN SCHEPPERLEY CPA 9197823444 2012-03-22 X 2010 2016-02-24 21:20:13Z KATHRYN S HART NCSU BOX 7207 RALEIGH NC 27695 6486058 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. 15 15 7 100 0 0 696046 1566373 5774532 4678645 172466 150152 379018 60317 7022062 6455487 1722676 1697301 0 0 523694 544021 0 0 330266 3550186 3974870 5796556 6216192 1225506 239295 24302272 27073437 1360064 1428992 22942208 25644445 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 5767287 1697301 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. 5767287 1 1 0 0 0 1 0 0 1 1 1 0 0 1 0 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 0 1 17 0 1 7 1 0 0 0 0 0 0 0 0 0 0 X 15 15 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X X KATHRYN S HART 9195137149 NCSU BOX 7207 RALEIGH NC 27695 RICK MALM 1.00 X 0 0 0 MIKKI SAGER 1.00 X 0 0 0 LORETHA THIELE 1.00 X 0 0 0 JIM WELLBORN 1.00 X 0 0 0 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 BOB HARLEY 1.00 X 0 0 0 KEN HINES 1.00 X 0 0 0 SCOTT WALLINGER 1.00 X 0 0 0 ART RAYMOND 1.00 X X 0 0 0 PAUL RAYMOND 1.00 X 0 0 0 GUS COTTROS 1.00 X 0 0 0 DICK PORTERFIELD 1.00 X 0 0 0 PHIL REA 1.00 X 0 0 0 KATHRYN S HART 1.00 X 0 208000 24863 CHARLES LEFFLER 1.00 X 0 260000 29800 DAVID ASHCRAFT 1.00 X 0 117002 16029 ASHLEY FAIRCLOTH 40.00 X 125000 0 19997 125000 585002 90689 1 0 1 0 JONES LAND DEVELOPMENT 2145 BELGRADE SWANSBORO RD MAYSVILLE NC 28555 STRIP SHEARING/BEDDING 573642 RIVERSIDE EXCAVATION 272 RIVERSIDE CAMPGROUND RD BELHAVEN NC 27810 STRIP SHEARING/BEDDING 324275 CROP PRODUCTION SERVICES 7640 NEW BERN HWY MAYSVILLE NC 28555 HERBICIDE APPLICATION 262507 H & J FOREST SERVICES PO BOX 458 HOLLY RIDGE NC 28445 TREE PLANTING 150144 DOUG ARMSTRONG LAND DEVELOPING 8790 NC HWY 45 NORTH BELHAVEN NC 27810 STRIP SHEARING 127655 6 1566373 25964 1566373 HOFMANN FOREST 110000 4678645 4678645 4678645 119095 119095 61628 30571 31057 31057 31057 OTHER INCOME 611600 60317 60317 60317 6455487 4738962 0 150152 1697301 1697301 157416 157416 294062 294062 10003 10003 60034 60034 22506 22506 17818 11803 6015 63900 19250 44650 219107 219107 8035 3660 4375 38381 26435 11946 6140 6090 50 281517 265582 15935 40063 15162 24901 92775 92775 41696 39676 2020 OTHER SERVICES 1505505 1505135 370 SERVICE AGREEMENTS 733664 708913 24751 SUPPLIES 478863 469378 9485 REPAIRS & MAINTENANCE 241500 240831 669 INVESTMENT MANAGEMENT F 73989 73989 131917 121275 10642 6216192 5767287 118639 330266 196794 253639 5474814 4826081 1485517 355180 947980 1130337 17565283 20742053 117401 121327 24302272 27073437 1360064 1428992 1360064 1428992 X 8368243 8445452 4021460 5175131 10552505 12023862 22942208 25644445 24302272 27073437 X 239295 2462942 X 0 1 1 X 0 X 1193985 1296217 720415 696046 1566373 5473036 1193985 1296217 720415 696046 1566373 5473036 770261 4702775 980688 670357 161232 239260 119095 2170632 22312 53848 225794 379019 60317 741290 8384958 31242364 0.56090 0.46480 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 388.19 0 0 1 1 8.00 1000 17854468 1043816 3205308 493110 21610482 16109681 230921 1513866 17854468 21425364 25751 -4869716 471718 16109681 0.22000 0.56000 0.22000 0 0 781437 781437 538845 351049 187796 165235 4131 161104 1130337 STIF 54192 F NC STATE INVESTMENT FUND 18649625 F BNY MELLON - LIFE INCOME FUNDS 2038236 F 20742053 LIFE INCOME FUNDS PAYABLE 1368232 DUE TO OTHERS 60760 1428992 6455487 6216192 239295 2601427 -138485 2462942 2702237 8880440 2601427 36000 2637427 6243013 73989 138485 212474 6455487 6178203 36000 36000 6142203 73989 73989 6216192 DESCRIPTION OF HOW ORGANIZATION REPORTS CONSERVATION EASEMENTS: PART II, LINE 9: DONATED EASEMENTS ARE STATED AT FAIR VALUE AS OF THE DATE OF DONATION. PART XI, LINE 8 - OTHER ADJUSTMENTS: DECREASE IN VALUE OF SPLIT INTEREST AGREEMENT -138,485. PART XII, LINE 4B - OTHER ADJUSTMENTS: DECREASE IN VALUE OF SPLIT INTEREST 138,485. 1 NC STATE UNIVERSITY NCSU BOX 7207 RALEIGH NC 27695 566000756 501(C)(3) 1697301 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 208000 0 0 0 0 0 20101 0 4762 0 232863 0 0 CHARLES LEFFLER 0 260000 0 0 0 0 0 25038 0 4762 0 289800 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. NONE OF THESE EMPLOYEES EXCEED $ 150,000 IN TOTAL COMPENSATION AND BENEFITS AND THEREFORE, ARE NOT LISTED ON SCHEDULE J. X 2 25964 FMV 0 0 0 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 2,601,427. DECREASE IN VALUE OF SPLIT INTEREST AGREEMENT -138,485. TOTAL TO FORM 990, PART XI, LINE 5: 2,462,942. 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 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 NC STATE INVESTMENT FUND INC Q 677989 NC STATE UNIVERSITY B 1697301