2012-03-20T13:13:22-05:00 2011-06-30 WILLIAMS OVERMAN PIERCE LLP 2501 ATRIUM DR SUITE 500 RALEIGH NC 27607 990 2010-07-01 566035544 NORTH CAROLINA STATE UNIVERSITY ALUMNI ASSOCIATION INC NORT 9195137149 NCSU BOX 7207 RALEIGH NC 27695 KATHRYN S HART 9195137149 2012-03-16 1 BRIAN SCHEPPERLEY CPA 9197823444 2012-03-16 X 2010 2016-02-24 21:20:13Z KATHRYN S HART NCSU BOX 7207 RALEIGH NC 27695 4566357 0 X WWW.ALUMNI.NCSU.EDU X 1952 NC TO PROMOTE ALUMNI AFFAIRS AND TO PROMOTE AWARENESS OF NC STATE UNIVERSITY IN THE COMMUNITY 26 23 0 50 71873 -144238 2576159 2368269 0 529562 273623 92409 1359812 901508 4209594 3891748 352323 459790 0 0 887236 0 0 0 117163 2919633 3663447 4159192 4123237 50402 -231489 25976707 28070008 6329152 5712566 19647555 22357442 TO PROMOTE ALUMNI AFFAIRS AND TO PROMOTE AWARENESS OF NC STATE UNIVERSITY IN THE COMMUNITY. 0 0 3833995 395354 NCSU ALUMNI ASSOCIATION PUBLISHES AN ALUMNI MAGAZINE, SERVES AS AN ORGANIZER FOR ALUMNI FUNCTIONS, AWARDS SCHOLARSHIPS AND PROMOTES AWARENESS OF NCSU IN THE COMMUNITY. 3833995 1 1 0 0 0 0 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 1 0 0 0 0 1 0 0 0 0 1 3 0 1 0 1 1 0 0 0 0 0 0 0 0 0 X 26 23 0 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 JUDITH K GRAINGER 1.00 X X 0 0 0 ROBERT ABARNHARDT 1.00 X X 0 0 0 PAUL C RIDGEWAY 1.00 X X 0 0 0 DENNIS G HOWARD 1.00 X 0 0 0 RALPH E SUGGS 1.00 X X 0 109704 13768 JOHNATHAN S TUCKER 1.00 X 0 0 0 RONALD BROWN 1.00 X 0 0 0 EMORY W PITTS 1.00 X 0 0 0 E NORRIS TOLSON 1.00 X 0 0 0 GARY D UPCHURCH 1.00 X 0 0 0 GEORGE L WORSLEY JR 1.00 X 0 0 0 LARRY D BARBOUR 1.00 X 0 0 0 R KELLY BARNHILL SR 1.00 X 0 0 0 MARCUS L BELVIN 1.00 X 0 0 0 R MARK FLEMING 1.00 X 0 0 0 WILLIAM A HOBBS 1.00 X 0 0 0 TRACY W KIMBRELL 1.00 X 0 0 0 JIMMY D CLARK 1.00 X 0 0 0 RICHARD A CURTIS 1.00 X 0 0 0 BRENDA K FLORY 1.00 X 0 0 0 ROBERT L PURCELL 1.00 X 0 353626 306368 LALLA H SIDBURY 1.00 X 0 0 0 ANGELO A CARAVANO II 1.00 X 0 0 0 W KERR COLLINS JR 1.00 X 0 0 0 LARRY D NIXON 1.00 X 0 0 0 PERRY R SAFRAN 1.00 X 0 0 0 DAVID S WHITE EX-OFFICIO 1.00 X 0 0 0 NEVIN E KESSLER EX-OFFICIO 1.00 X 0 293878 34221 DANIEL C GUNTER III EX-OFFICIO 1.00 X 0 0 0 ROBERT W SLOCUM JR EX-OFFICIO 1.00 X 0 0 0 KATHRYN S HART 1.00 X 0 208000 24863 0 965208 379220 0 0 1 0 PROGRESS PRINTING 2677 WATERLICK RD LYNCHBURG VA 245024861 PRINTING & BINDING 172099 1 615814 1440120 312335 42627 2368269 SPECIAL INTEREST GROUP 900099 107419 107419 OTHER PROGRAMS 900099 102885 102885 STUDENT PROGRAMS 611710 94171 94171 ALUMNI MAGAZINE & ADVE 541800 71873 71873 ALUMNI TRAVEL PROGRAM 561500 49632 49632 103582 68443 35139 529562 44266 44266 794774 794774 722752 674609 48143 48143 48143 NC STATE CLUB 900099 106734 106734 106734 3891748 422550 71873 1029056 459790 459790 43700 43700 403112 402263 849 50501 50501 9623 9623 85361 77162 8199 88186 84275 3911 357168 357168 48786 25720 23066 SERVICE AGREEMENTS 1843477 1802058 35785 5634 PRINTING 217688 217666 22 POSTAGE & SHIPPING 102465 102103 362 OTHER CONTRACT SERVICES 95943 95943 INVESTMENT MANAGEMENT F 92594 92594 224843 149723 75120 4123237 3833995 172079 117163 121463 143719 393018 748604 2512280 2113916 32045 0 2286467 1519859 1141277 766608 21001236 23569210 775388 727951 25976707 28070008 32861 51501 5506130 4956700 790161 704365 6329152 5712566 X 2401257 3575369 2910091 4489361 14336207 14292712 19647555 22357442 25976707 28070008 X -231489 2941376 X 0 1 1 X 0 X 3434174 6303235 2670529 2576159 2368269 17352366 3434174 6303235 2670529 2576159 2368269 17352366 109075 17243291 947594 616263 923046 907470 839040 4233413 1005847 1379712 570130 455356 106734 3517779 25103558 457689 0.68690 0.69250 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 21001236 801527 3090627 872918 24020472 18604878 847986 2384235 835863 21001236 26706878 217600 -6348391 1971209 18604878 0.22000 0.60000 0.18000 0 0 780431 634544 145887 1506036 885315 620721 766608 NC STATE INVESTMENT FUND, INC 22506130 F BNY MELLON-LIFE INCOME FUNDS 1063080 F 23569210 LIFE INCOME FUNDS PAYABLE 533804 DUE TO OTHERS 170561 704365 3891748 4123237 -231489 2941376 2941376 2709887 6994360 3131085 186000 3317085 3677275 92594 121879 214473 3891748 4216643 186000 186000 4030643 92594 92594 4123237 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ASSOCIATION, AND HAS CONCLUDED THAT AS OF JUNE 30, 2011, 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 ASSOCIATION 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 2007. PART XI, LINE 8 - OTHER ADJUSTMENTS: UNREALIZED APPRECIATION IN MARKETABLE SECURITIES 3,131,085. DECREASE IN CASH SURRENDER VALUE OF LIFE INSURANCE -19,741. DECREASE IN VALUE OF SPLIT INTEREST AGREEMENT -76,364. DECREASE IN VALUE OF CHARITABLE LEAD TRUST -25,774. TRANSFERS TO OTHER UNIVERSITY ASSOCIATED ENTITIES -67,830. PART XII, LINE 4B - OTHER ADJUSTMENTS: DECREASE IN VALUE OF SPLIT INTEREST 76,364. DECREASE IN VALUE OF CHARITABLE LEAD TRUST 25,774. DECREASE IN CASH SURRENDER VALUE OF LIFE INSURANCE 19,741. 1 NORTH CAROLINA STATE UNIVERSITY NCSU BOX 7207 RALEIGH NC 27695 566000756 501(C)(3) 395354 BOOK VALUE N/A SCHOLARSHIPS AND OTHER UNIVERSITY SUPPORT 1 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: GRANTS REPRESENT REIMBURSEMENT OF SCHOLARSHIP 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 ROBERT L PURCELL 0 248358 0 62500 0 42768 0 224362 0 82006 0 659994 0 0 NEVIN E KESSLER EX-OFFICIO 0 288750 0 5128 0 0 0 29459 0 4762 0 328099 0 0 KATHRYN S HART 0 208000 0 0 0 0 0 20101 0 4762 0 232863 0 0 SUPPLEMENTAL INFORMATION PART III THE BOARD MEMBERS THAT ARE COMPENSATED RECEIVE COMPENSATION FROM NC STATE UNIVERSITY OR NC STATE STUDENT AID ASSOCIATION, INC, A 501(C)(3) ORGANIZATION RELATED TO NORTH CAROLINA STATE UNIVERSITY ALUMNI ASSOCIATION X 4 42627 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE DRAFT 990 IS DISTRIBUTED TO THE AUDIT & INVESTMENT COMMITTEE FOR THEIR REVIEW AND IS MADE AVAILABLE TO ALL BOARD MEMBERS FOR THEIR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C AT THE BEGINNING OF EACH BOARD MEETING, THE PRESIDENT OF THE BOARD READS THE FOLLOWING ETHICS POLICY: " AS CHAIR OF THE ALUMNI ASSOCIATION, IT IS MY RESPONSIBILITY TO REMIND ALL MEMBERS OF THE COMMITTEE OF THEIR DUTY UNDER THE STATE GOVERNMENT ETHICS ACT TO AVOID CONFLICTS OF INTEREST AND APPEARANCES OF CONFLICT OF INTEREST AS REQUIRED BY THIS ACT. EACH MEMBER HAS RECEIVED THE AGENDA AND RELATED INFORMATION FOR THIS MEETING. IF ANY MEMBER KNOWS OF ANY CONFLICT OF INTEREST OR APPEARANCE OF CONFLICT WITH RESPECT TO ANY MATTER COMING BEFORE THE ALUMNI ASSOCIATION AT THIS MEETING, THE CONFLICT OR APPEARANCE OF CONFLICT SHOULD BE IDENTIFIED AT THIS TIME." IF A CONFLICT IS IDENTIFIED, THE MEMBER WHO HAS THE CONFLICT SHOULD RECUSE HIMSELF OR HERSELF FROM ANY DISCUSSION OR CONSIDERATION OF THE AGENDA ITEM. RECUSAL MEANS LEAVING THE ROOM AND NOT PARTICIPATING IN ANY DISCUSSION OR CONSIDERATION OF THE AGENDA ITEM. THE BOARD CHAIR SHOULD SEE THAT THIS OCCURS BEFORE ANY DISCUSSION OF THE ITEM PRESENTING THE CONFLICT OR APPEARANCE OF CONFLICT TAKES PLACE. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS AND OFFICERS OF NORTH CAROLINA STATE UNIVERSITY ALUMNI ASSOCIATION THAT DO RECEIVE COMPENSATION ARE COMPENSATED BY NC STATE UNIVERSITY OR NC STATE STUDENT AID ASSOCIATION, INC, A 501(C)(3) ORGANIZATION RELATED TO NORTH CAROLINA STATE UNIVERSITY ALUMNI ASSOCIATION. 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 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 WWW.FIS.NCSU.EDU/FOUNDATIONS_ACCOUNTING/FOUNDATIONS/ALUMNI.ASP. OTHER GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: UNREALIZED APPRECIATION IN MARKETABLE SECURITIES 3,131,085. DECREASE IN CASH SURRENDER VALUE OF LIFE INSURANCE -19,741. DECREASE IN VALUE OF SPLIT INTEREST AGREEMENT -76,364. DECREASE IN VALUE OF CHARITABLE LEAD TRUST -25,774. TRANSFERS TO OTHER UNIVERSITY ASSOCIATED ENTITIES -67,830. TOTAL TO FORM 990, PART XI, LINE 5: 2,941,376. NC STATE UNIVERSITY FOUNDATION INC NCSU BOX 7207 RALEIGH NC 27695 566049503 SUPPORT ORGANIZATION OF NC STATE 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 INVESTS FUNDS OF THE NC STATE UNIVERSITY ENDOWMENT FUND AND RELATED ORGS 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 NC STATE ALUMNI CLUB INC 2450 ALUMNI DRIVE RALEIGH NC 27606 204145790 PROVIDES DINING FACILITY FOR NCSU ALUMNI AND STAFF NC 501(C)(7) N/A 0 NCSU STUDENT AID ASSOCIATION INC PO BOX 37100 RALEIGH NC 27627 560650623 PROVIDES FINANCIAL SUPPORT FOR NC STATE UNIVERSITY ATHLETIC SCHOLARSHIPS 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 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 0 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 NC STATE INVESTMENT FUND INC Q 140985 FMV NC STATE INVESTMENT FUND INC R 524748 FMV NC STATE UNIVERSITY B 395354 FMV NC STATE ENGINEERING FOUNDATION INC Q 98457 FMV NC STATE UNIVERSITY C 1440120 FMV NC STATE ALUMNI CLUB R 106734 FMV