2011-05-03T15:20:02-05:00 2010-06-30 WILLIAMS OVERMAN PIERCE LLP PO BOX 31823 RALEIGH NC 276221823 990 2009-07-01 560653350 NC STATE NATURAL RESOURCES FOUNDATION INC NCST 9195137149 NCSU Box 7207 Raleigh NC 276957207 KATHRYN S HART 9195137149 2011-04-26 1 Gwen Vass 9197823444 2011-04-26 X 2009 2016-02-24 21:20:13Z KATHRYN S HART ncsu box 7207 Raleigh NC 27695 8416073 0 X fis.ncsu.edu/foundations_accounting X 1929 NC TO PROMOTE EDUCATION IN THE FIELD OF FORESTRY AND FORESTRY RESOURCES AT NCSU THROUGH TUTORIAL SERVICES, FACULTY DEVELOPMENT PROGRAMS, ASSISTANCE IN CONSTRUCTING FACILITIES, AND VARIOUS OTHER MEANS. 17 16 8 129 0 0 720415 696046 5886562 5774532 -2420533 172466 225794 379018 4412238 7022062 1722676 0 592227 523694 0 274076 4221094 3550186 4813321 5796556 -401083 1225506 21289719 24302272 1216739 1360064 20072980 22942208 Promote education and research in the field of forestry and forestry resources at NCSU through tutorial services, faculty development programs, assistance in constructing facilities, and various other means. 0 0 5393616 1722676 5774532 Promote education and research in the field of forestry and forestry resources at NCSU through tutorial services, faculty development programs, assistance in constructing facilities, and various other means. 5393616 1 1 0 0 0 0 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 1 21 0 1 8 1 0 0 0 0 0 0 0 0 0 17 16 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 RJ BERNARD 1.00 X 0 0 0 BRENDA E BRICKHOUSE 1.00 X X 0 0 0 GUS J COTTROS 1.00 X 0 0 0 B ROBERT HARLEY 1.00 X 0 0 0 ROBERT C KELLISON 1.00 X 0 0 0 H MAC LUPOLD 1.00 X 0 0 0 RICK MALM 1.00 X 0 0 0 RICHARD B PHILLIPS 1.00 X 0 0 0 FRANK RACKLEY 1.00 X 0 0 0 ARTHUR G RAYMOND 1.00 X X 0 0 0 PAUL RAYMOND 1.00 X 0 0 0 MIKKI SAGER 1.00 X 0 0 0 LORETHA THIELE 1.00 X 0 0 0 GENIE J USSERY 1.00 X 0 0 0 KATHRYN S HART 1.00 X X 0 200000 22060 DAVID ASHCRAFT 1.00 X 0 117002 14798 CHARLES LEFFLER 1.00 X 0 260000 27310 ASHLEY FAIRCLOTH 40.00 X 125000 0 20805 125000 577002 84973 1 0 1 0 JONES LAND DEVELOPMENT 2145 BELGRADE SWANSBORO RD MAYSVILLE NC 28555 STRIP SHEARING/BEDDING 453757 RIVERSIDE EXCAVATION 272 RIVERSIDE CAMPGROUND RD BELHAVEN NC 27810 STRIP SHEARING/BEDDING 290825 PAYNE'S FLYING SERVICES PO BOX 827 PELAHATCHIE MS 39145 AERIAL SPRAYING 187644 BLUE WATER VEGETATION MANAGEMENT 1517 HWY 129 GALIVANTS FERRY SC 29544 AERIAL SPRAYING 144318 H & J FOREST SERVICES PO BOX 458 HOLLY RIDGE NC 28445 TREE PLANTING 140036 6 696046 23552 696046 Hofmann Forest 110000 5774532 5774532 5774532 239260 239260 1326668 1393462 -66794 -66794 -66794 7559 549 7010 7010 other income 611600 372008 372008 372008 7022062 6146540 0 179476 1722676 1722676 155207 155207 295032 295032 9653 9653 39778 39778 24024 24024 5092 2500 2592 70308 6808 44650 18850 200894 200894 6698 6698 2325 2325 159648 151743 7905 39527 15429 24098 83779 83779 38651 37338 1313 Other Services 1025674 1025549 125 Service Agreements 979819 968459 11360 Supplies 506133 504484 1649 Equipment Rental 147306 147095 211 Investment Management F 84214 84214 200118 195039 5079 5796556 5393616 128864 274076 444547 196794 3601747 5474814 1210385 262405 1051831 947980 15969078 17565283 222516 117401 21289719 24302272 1216739 1360064 1216739 1360064 X 6608060 8368243 3452024 4021460 10012896 10552505 20072980 22942208 21289719 24302272 X 0 1 1 X 0 X 2206702 1193985 1296217 720415 696046 6113365 2206702 1193985 1296217 720415 696046 6113365 1692312 4421053 657756 980688 670357 161232 239260 2709293 7455 22312 53848 225794 379019 688428 9511086 31760979 0.46480 0.51370 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 388.19 0 0 0 1 1 1808.00 37000 1 16109681 230921 1513866 17854468 21425364 25751 -4869716 471718 16109681 0.21000 0.59000 0.20000 0 0 762690 762690 447695 262405 185290 947980 Life Income funds Payable 1355267 Due to Others 3297 performance bond deposits 1500 1360064 7022062 5796556 1225506 1643722 1643722 2869228 8614670 1898244 33100 1931344 6683326 84214 254522 338736 7022062 5745442 33100 33100 5712342 84214 84214 5796556 Part II, Line 9: Description of How Organization Reports Conservation Easements: 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: -254522. UNREALIZED APPRECIATION OF SECURITIES: 1898244. Part XII, Line 4b - Other Adjustments: DECREASE IN VALUE OF SPLIT INTEREST: 254522. 1 NC State University NCSU BOX 7207 RALEIGH NC 27695 566000756 501(c)(3) 1722676 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 0 0 KATHRYN S HART 0 200000 0 0 0 0 0 17500 0 4560 0 222060 0 0 CHARLES LEFFLER 0 260000 0 0 0 0 0 22750 0 4560 0 287310 0 0 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. 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 19 The 990 is listed on the website and is available through guidestar. The audited financial statements are available on the website: http://www.fis.ncsu.edu/foundations_accounting/foundations/natres.asp. Any minutes are made available upon request. 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 NC State Investment Fund 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 NC State University ncsu Box 7207 raleigh NC 27695 566000756 education NC 501(c)(3) 170(b)(1)(a)(ii) N/A 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 nc state investment fund inc Q 716456 nc state investment fund inc R 752430 NC STATE UNIVERSITY B 1722676