2026-05-14T11:44:11-05:00 2025-06-30 410746749 CLIFTONLARSONALLEN LLP 121 SOUTH TEJON STREET SUITE 1100 COLORADO SPRINGS CO 80903 990 2024-07-01 566061192 EAST CAROLINA UNIVERSITY EDUCATIONAL FOUNDATION INC EAST 2527374811 304 WARD SPORTS MEDICINE BUILDING GREENVILLE NC 27858 RYAN ROBINSON EXECUTIVE DIRECTOR 2527374811 2026-05-12 1 1 SARAH HINTZ P00492291 7196350330 2026-05-11 2024 2025-03-06 01:10:19Z PIRATE CLUB RYAN ROBINSON 304 WARD SPORTS MEDICINE BUILDING GREENVILLE NC 27858 25890601 0 X WWW.ECUPIRATECLUB.COM X 1948 NC THE FRIEND-RAISING AND FUND-RAISING ARM OF ECU'S DIVISION I ATHLETICS PROGRAM. 24 19 0 41 0 0 18419734 15085053 0 0 1955509 2641864 -4671 216820 20370572 17943737 10572353 6064009 0 0 0 0 0 0 24145 2077787 3549856 12650140 9613865 7720432 8329872 57446714 67891932 3007732 3146844 54438982 64745088 X THE MISSION OF THE EAST CAROLINA UNIVERSITY EDUCATIONAL FOUNDATION, INC., D/B/A THE PIRATE CLUB, IS TO BE THE FRIEND-RAISING AND FUND-RAISING ARM OF EAST CAROLINA UNIVERSITY'S DIVISION I ATHLETICS PROGRAM, REPRESENTING THE HIGHEST PRINCIPLES OF HONESTY AND INTEGRITY. BY CONDUCTING ANNUAL FUND, ENDOWMENT, AND CAPITAL CAMPAIGNS IN SUPPORT OF STUDENT-ATHLETE SCHOLARSHIPS, ATHLETIC FACILITY ENHANCEMENTS AND OTHER PROGRAMMING NEEDS, THE PIRATE CLUB SEEKS TO BRING POSITIVE RECOGNITION TO EAST CAROLINA UNIVERSITY AND THE REGION IT SERVES THROUGH A COMPETITIVE ATHLETICS PROGRAM. 0 0 5661244 5661244 0 ONE OF THE FOUNDATION'S OBJECTIVES AND GENERAL PURPOSES IS TO RENDER FINANCIAL AID AND OTHER ASSISTANCE TO DESERVING YOUNG MEN AND WOMEN IN ASSISTING THEM TO DEVELOP THEMSELVES PHYSICALLY AND MENTALLY AND IN OTHER WAYS CONSISTENT WITH A BROAD GENERAL EDUCATION. 826096 21307 0 THE FOUNDATION FUNDS INSURANCE FOR COURTESY CARS PROVIDED TO ATHLETICS STAFF AND COACHES, RESTRICTED TRANSFERS TO ATHLETICS DEPARTMENTS AND MISCELLANEOUS PURCHASES FOR ITEMS AND SERVICES ATHLETICS CANNOT PURCHASE ACCORDING TO STATE OF NORTH CAROLINA AND/OR UNIVERSITY GUIDELINES, IMPROVEMENTS TO ATHLETICS FACILITIES, AND OTHER ATHLETICS PROGRAMMATIC NEEDS. 745342 381458 0 ONE OF THE FOUNDATION'S OBJECTIVES AND GENERAL PURPOSES IS TO ASSIST IN PROVIDING PHYSICAL FACILITIES FOR EAST CAROLINA UNIVERSITY'S ATHLETICS PROGRAM. 7232682 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 0 0 0 1 0 1 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 26 0 1 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 X 24 19 0 0 1 0 0 1 0 1 0 0 1 1 1 1 1 1 1 1 0 0 0 X BRITTANY STOCKSTILL 2527374811 304 WARD SPORTS MEDICINE BUILDING GREENVILLE NC 27858 JON GILBERT DIRECTOR 1.00 40.00 X 0 596797 65608 SEAN SMITH EXECUTIVE PRESIDENT 1.00 0.00 X X 0 0 0 PHILIP ROGERS DIRECTOR 1.00 40.00 X 0 485052 141165 STEPHANIE COLEMAN EXECUTIVE TREASURER 1.00 40.00 X X 0 304770 90935 JOHN CAL CHRISTIAN DIRECTOR 1.00 40.00 X 0 236138 53388 RYAN ROBINSON SECRETARY/EXECUTIVE DIRECTOR 1.00 40.00 X X 0 212995 38038 LANCE CLARK EXECUTIVE VICE PRESIDENT 1.00 0.00 X X 0 0 0 TONY CANNON IMMEDIATE PAST PRESIDENT 1.00 0.00 X X 0 0 0 TOMEKIA BLACKMON DIRECTOR 1.00 0.00 X 0 0 0 KENNETH BLIZZARD DIRECTOR 1.00 0.00 X 0 0 0 TOM BROWN DIRECTOR 1.00 0.00 X 0 0 0 RANDY COLE DIRECTOR 1.00 0.00 X 0 0 0 GARY DUNSTAN DIRECTOR 1.00 0.00 X 0 0 0 MICKEY FOSTER DIRECTOR 1.00 0.00 X 0 0 0 GLENN HALL DIRECTOR 1.00 0.00 X 0 0 0 MARGARET HENRY DIRECTOR 1.00 0.00 X 0 0 0 MEREDITH HINTON THRU 1224 DIRECTOR 1.00 0.00 X 0 0 0 WES JOHNSON DIRECTOR 1.00 0.00 X 0 0 0 DAKOTA MARSHALL DIRECTOR 1.00 0.00 X 0 0 0 LANDON MINGES DIRECTOR 1.00 0.00 X 0 0 0 TODD MITCHUM DIRECTOR 1.00 0.00 X 0 0 0 BRETT OLIVERIO DIRECTOR 1.00 0.00 X 0 0 0 BILLY TART DIRECTOR 1.00 0.00 X 0 0 0 RICHARD TWILLEY THRU 1224 DIRECTOR 1.00 0.00 X 0 0 0 HAROLD VARNER DIRECTOR 1.00 0.00 X 0 0 0 SANDRA WARREN DIRECTOR 1.00 0.00 X 0 0 0 MATT MALONEY DEVELOPMENT OFFICER 40.00 0.00 X 0 111034 43590 0 1946786 432724 0 0 1 0 CRA ASSOCIATES INC 100 EUROPA DR SUITE 565 CHAPEL HILL NC 57517 ARCHITECT AND CONSTRUCTION MANAGEMENT 2288392 GOLF IRONWOOD LLC 3301 BENSON DR SUITE 103 RALEIGH NC 27609 REIMBURSEMENT FOR GOLF FACILITY IMPROVEM 1058431 IRWIN SEATING COMPNAY 3251 FRUIT RIDGE AVE NW GRAND RAPIDS MI 49544 SEATING IMPROVEMENTS 757543 CAMP ELECTRIC COMPANY INC 239 US 34 HWY RUTHERFORDTON NC 28139 BASEBALL STADIUM LIGHT REPLACEMENT 481458 IRONWOOD GOLF AND COUNTRY CLUB 200 GOLF CLUB WYND GREENVILLE NC 27834 GOLF FACILITY IMPROVEMENTS 435677 10 13369 15071684 1053165 15085053 1718069 1718069 8751264 3071 7830540 0 920724 3071 923795 923795 81647 13369 116324 -34677 -34677 MISCELLANEOUS INCOME 900099 251497 251497 251497 17943737 0 0 2858684 X 6045308 6045308 10000 10000 8701 8701 19393 19393 996641 1938 994703 23487 16962 6525 190873 190873 43260 43260 451666 222765 228901 2835 2835 18998 18998 97950 64915 33035 ENTERTAINMENT 468234 87792 380442 FACILITIES 359868 359868 SUPPLIES 277161 277161 599490 115439 459906 24145 9613865 7232682 2357038 24145 15651205 23180076 13619448 13041932 1825761 21624 147077 76575 2506004 0 201252 2506004 20693459 21685889 2406693 3722667 2901819 3657165 57446714 67891932 713731 2545352 192618 158180 832383 382383 1269000 60929 3007732 3146844 X 2169294 2508550 52269688 62236538 54438982 64745088 57446714 67891932 X 8329872 1055565 920669 X X 0 1 X 1 0 X 7358273 9900121 25737052 18419959 15085053 76500458 411944 677084 745300 831277 900110 3565715 7770217 10577205 26482352 19251236 15985163 80066173 8841414 71224759 364042 472748 760569 1249935 1718069 4565363 251497 251497 84883033 21788 0.83910 0.86440 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2024 AMOUNT: $ 251,497. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 23632648 141926 2604525 646227 100000 25632872 21434084 153266 2762388 617090 100000 23632648 19846130 176059 2092849 580954 100000 21434084 23212219 347573 -3013187 600475 100000 19846130 18768055 295043 5304092 506497 648474 23212219 0.05120 0.54950 0.39930 0 0 200502 200502 2305502 2305502 2506004 KKR PRIVATE EQUITY CONGLOMERATE 553460 C BLACKSTONE PRIVATE EQUITY STRATEGIES FUND 560436 C BLACKSTONE PRIVATE CREDIT FUND 660583 C ICAPITAL INFRASTRUCTURE INVESTMENT ACCESS 503667 C BLACKSTONE REIT 843886 C IRONWOOD MULTI-STRATEGY FUND, LLC 600635 C 3722667 BENEFICIAL INTEREST IN CRTS 3600192 RIGHT OF USE ASSETS 56973 3657165 CHARITABLE GIFT ANNUITY PAYABLE 3955 OPERATING LEASE LIABILITY 56974 60929 X 20936405 1055565 900110 920669 2876344 18060061 -116324 -116324 17943737 10630299 900110 116324 1016434 9613865 0 9613865 PART V, LINE 4: THE OBJECTIVE AND GENERAL PURPOSE OF THE FOUNDATION ENDOWMENT FUNDS ARE TO RENDER FINANCIAL ASSISTANCE TO THE STUDENTS OF EAST CAROLINA UNIVERSITY. ONE ENDOWMENT IS DEDICATED SPECIFICALLY TO CURRENT FACILITY PROJECTS AND ONCE THAT COMMITMENT HAS BEEN SATISFIED, THE ENDOWMENT WILL REVERT TO FINANCIAL ASSISTANCE SUPPORT. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES AS A PUBLIC CHARITY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT OF NET INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES. AT JUNE 30, 2025 AND 2024, THE FOUNDATION HAS NOT RECORDED ANY TAX LIABILITIES. THE FOUNDATION BELIEVES THAT IS HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 892,060. CHANGE IN VALUE OF CHARITABLE GIFT ANNUITY -1,344. CHANGE IN VALUE OF LIFE INSURANCE 29,953. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -116,324. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 116,324. 0 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 513368 0 0 0 0 0 0 513368 0 513368 SCHOLARSHIPS AND ACADEMIC INCENTIVE AWARDS EUROPE (INCLUDING ICELAND & GREENLAND) 3 8701 STUDENT ACCOUNT APPLICATION 0 N/A N/A 0 0 0 0 0 0 WAKE COUNTY GOLF TOURNAMENT 22125 0 22125 3407 9697 3149 6064 PITT COUNTY GOLF TOURNAMENT 17012 3168 13844 9598 3357 889 4 55879 10201 45678 6300 1734 20429 28672 1800 21228 95016 13369 81647 6300 14739 33483 32710 1800 27292 116324 -34677 1 EAST CAROLINA UNIVERSITY EAST FIFTH STREET GREENVILLE NC 27858 566000403 STATE OF NC 5982975 62333 N/A N/A GENERAL SUPPORT 1 0 SCHOLARSHIPS AND ACADEMIC INCENTIVE AWARDS 2 10000 0 N/A N/A PART I, LINE 2: THE FOUNDATION SUPPORTS EAST CAROLINA UNIVERSITY ATHLETICS BY FUNDING STUDENT-ATHLETE SCHOLARSHIPS, ATHLETIC FACILITY ENHANCEMENTS, AND OTHER PROGRAMMATIC NEEDS. 0 0 0 0 0 0 0 0 0 JON GILBERT DIRECTOR 0 531004 0 52500 0 13293 0 48508 0 17100 0 662405 0 0 PHILIP ROGERS DIRECTOR 0 437363 0 34556 0 13133 0 48449 0 92716 0 626217 0 0 STEPHANIE COLEMAN EXECUTIVE TREASURER 0 304050 0 0 0 720 0 76192 0 14743 0 395705 0 0 JOHN CAL CHRISTIAN DIRECTOR 0 236138 0 0 0 0 0 34599 0 18789 0 289526 0 0 RYAN ROBINSON SECRETARY/EXECUTIVE DIRECTOR 0 201817 0 0 0 11178 0 28503 0 9535 0 251033 0 0 MATT MALONEY DEVELOPMENT OFFICER 0 103257 0 0 0 7777 0 27325 0 16265 0 154624 0 0 PART I, LINE 3 THE FOUNDATION OFFICERS AND KEY EMPLOYEES ARE PAID THROUGH EAST CAROLINA UNIVERSITY. THE UNIVERSITY HUMAN RESOURCES DEPARTMENT MANAGES THE COMPENSATION DETERMINATION PROCESS. X 28 849045 FMV X FACILITY ENHANCEMENTS 17 129427 FMV X SUPPLIES & MATERIALS 14 37775 FMV X FOOD 11 35787 FMV X ATHLETIC SUPPLIES 3 1131 FMV 0 0 1 1 PART I, COLUMN (B): COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS. PART I, LINE 32B: THE FOUNDATION HIRES THIRD PARTIES TO SELL GIFTS OF REAL ESTATE OR OTHER NON-CASH CONTRIBUTIONS FOR WHICH AN INDUSTRY EXPERTISE IS REQUIRED. FORM 990, PART VI, SECTION A, LINE 4 BY-LAWS WERE UPDATED IN ACCORDANCE WITH UNC SYSTEM REGULATION 600.2.5(R) THAT GIVES THE CHANCELLOR THE AUTHORITY TO APPOINT 1/3 OF THE BOARD OF EACH AFFILIATED ENTITY. FORM 990, PART VI, SECTION A, LINE 7A THE CHANCELLOR OF EAST CAROLINA UNIVERSITY HAS THE RIGHT TO APPOINT 1/3 OF THE BOARD OF EACH AFFILIATED ENTITY FOR A UNC SYSTEM SCHOOL. THIS CHANGE IS REFLECTED IN THE BY-LAWS UPDATE AND IN THE OPERATING AGREEMENT BETWEEN THE UNIVERSITY AND EACH AFFILIATED ENTITY. THIS AUTHORITY IS GIVEN THROUGH THE UNC SYSTEM'S REGULATION ON REQUIRED ELEMENTS OF UNIVERSITY-ASSOCIATED ENTITY RELATIONSHIP (UNC POLICY MANUAL 600.2.5.2[R] THE CHANCELLOR OF THE UNIVERSITY, THE FACULTY ATHLETICS REPRESENTATIVE, AND THE ATHLETICS DIRECTOR SHALL BE EX-OFFICIO VOTING MEMBERS OF THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE REVIEWS THE FORM 990. THE COMMITTEE ASKS QUESTIONS AND PROVIDES FEEDBACK PRIOR TO THE FILING OF THE RETURN. A LINK TO A COPY OF THE FULL RETURN IS PROVIDED TO ALL EXECUTIVE COMMITTEE MEMBERS PRIOR TO FILING. PER THE ORGANIZATIONS BYLAWS, THE BOARD OF DIRECTORS IS REFERRED TO AS THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C ANY MEMBER OF THE BOARD OF DIRECTORS (KNOWN AS THE EXECUTIVE COMMITTEE) WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST IN ANY CONTRACT OR TRANSACTION WITH THE FOUNDATION MUST DISCLOSE SUCH INTEREST TO THE EXECUTIVE COMMITTEE, WHO WILL DETERMINE IF A CONFLICT EXISTS. THE MEMBER SHALL NOT PARTICIPATE IN DISCUSSIONS REGARDING THE SUBJECT MATTER DISCLOSED AND SHALL NOT VOTE ON ANY ACTION RELATING TO SAID SUBJECT MATTER. FURTHER, HE OR SHE SHALL SIGN AND HAVE FILED IN THE FOUNDATION OFFICE A CONFLICT OF INTEREST STATEMENT, WHICH SHALL BE UPDATED ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 1,938. MANAGEMENT AND GENERAL EXPENSES 994,703. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 996,641. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 892,060. CHANGE IN VALUE OF CHARITABLE GIFT ANNUITY -1,344. CHANGE IN VALUE OF LIFE INSURANCE 29,953. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. EAST CAROLINA UNIVERSITY EAST FIFTH STREET GREENVILLE NC 27858 566000403 HIGHER EDUCATION NC GOVERNMENT N/A 0 CHARITABLE REMAINDER UNITRUST (4) TRUST NC ECU EDUCATION FOUNDATION INC T 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 EAST CAROLINA UNIVERSITY B 5982975 FMV EAST CAROLINA UNIVERSITY M 286685 FMV EAST CAROLINA UNIVERSITY N 35280 FMV EAST CAROLINA UNIVERSITY P 993807 FMV