2024-11-14T08:00:27-06:00 2024-06-30 561031342 WILLIAMS OVERMAN PIERCE LLP 328 E MARKET STREET SUITE 100 GREENSBORO NC 27401 990 2023-07-01 566045324 NORTH CAROLINA TEXTILE FOUNDATION INC NORT 9195137149 NCSU BOX 7207 RALEIGH NC 27695 ERIN DELEHANTY ASSISTANT TREASURER 9195153878 2024-11-13 1 1 MARYELLEN PRANCE CPA P01662078 3362751686 2024-11-13 X 2023 2024-10-15 13:58:12Z ERIN DELEHANTY NCSU BOX 7207 RALEIGH NC 27695 9309289 0 X SEE SCHEDULE O X 1942 NC TO ADVANCE WILSON COLLEGE OF TEXTILES THROUGH ENGAGEMENT, PARTNERSHIP AND PHILANTHROPY. 20 19 0 19 0 0 2407459 5942600 9083 15921 4121861 950242 0 0 6538403 6908763 1453392 1785557 0 0 864801 781978 0 0 648418 2401188 2139182 4719381 4706717 1819022 2202046 84202750 92800052 463490 395475 83739260 92404577 X THE MISSION OF THE FOUNDATION IS TO ADVANCE WILSON COLLEGE OF TEXTILES THROUGH ENGAGEMENT, PARTNERSHIP AND PHILANTHROPY. AS A CHARITABLE ORGANIZATION, THE FOUNDATION SUPPORTS THE COLLEGE AND DEAN OF THE COLLEGE AND SUCH SUPPORT SHALL INCLUDE BUT IS NOT LIMITED TO PROVIDING FUNDS FOR SCHOLARSHIPS TO DESERVING UNDERGRADUATE AND GRADUATE STUDENTS; RECRUITMENT AND RETENTION OF HIGHLY QUALIFIED STUDENTS, EDUCATORS AND RESEARCHERS; AND PLACEMENT OF GRADUATES. THE FOUNDATION ALSO ASSISTS IN THE ACQUISITION AND MAINTENANCE OF STATE-OF-THE-ART EQUIPMENT AND FACILITIES FOR RESEARCH AND EDUCATION. 0 0 2244826 562772 THE FOUNDATION SUPPORTS THE COLLEGE OF TEXTILES AT NORTH CAROLINA STATE UNIVERSITY THROUGH GRANTS FOR FACILITIES, FACULTY, FELLOWSHIPS, SCHOLARSHIPS AND EQUIPMENT. 1222785 1222785 15921 THE FOUNDATION AWARDS SCHOLARSHIPS TO DESERVING GRADUATE AND UNDERGRADUATE STUDENTS OF THE COLLEGE OF TEXTILES AT NORTH CAROLINA STATE UNIVERSITY BASED ON MERIT. 3467611 1 1 0 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 1 2 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 20 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X ERIN DELEHANTY 9195137149 NCSU BOX 7207 RALEIGH NC 27695 BRENDAN SULLIVAN DIRECTOR 1.00 X 0 0 0 CHARLES FLYNT JR DIRECTOR 1.00 X 0 0 0 CHARLES HEILIG III DIRECTOR 1.00 X 0 0 0 DAVID HINKS DIRECTOR 1.00 40.00 X 0 297448 48659 DENNIS GOFF DIRECTOR 1.00 X 0 0 0 ELAINE HUGHES DIRECTOR 1.00 X 0 0 0 GEORGE RAGSDALE DIRECTOR 1.00 X 0 0 0 JOHNNY CHAPMAN JR DIRECTOR 1.00 X 0 0 0 MATTHEW GRIFFITH DIRECTOR 1.00 X 0 0 0 MINDY OAKLEY DIRECTOR 1.00 X 0 0 0 PRASHANT PRABHU DIRECTOR 1.00 X 0 0 0 RICK ELMORE DIRECTOR 1.00 X 0 0 0 ROBIN PERKINS DIRECTOR 1.00 X 0 0 0 SHERRY MCCRAW DIRECTOR 1.00 X 0 0 0 TAMMY BUCKNER DIRECTOR 1.00 X 0 0 0 WESLEY HORNE DIRECTOR 1.00 X 0 0 0 NANCY WEBSTER PRESIDENT 1.00 X X 0 0 0 ELIZABETH CALABRESE VICE PRESIDENT 1.00 X X 0 0 0 LEIB OEHMIG SECRETARY 1.00 X X 0 0 0 KENNETH HUGGINS TREASURER 1.00 X X 0 0 0 DANA HARRIS ASST. TREASURER 1.00 40.00 X 0 279586 76575 ERIN DELEHANTY ASST. TREASURER 1.00 40.00 X 0 188285 53735 0 765319 178969 0 0 1 0 0 5942600 60815 5942600 SCHOLARSHIP & ENRICHMENT REPAYMEN 900099 15921 15921 15921 593317 593317 2757451 2399844 682 357607 -682 356925 356925 6908763 15921 0 950242 1785557 1785557 781978 371136 410842 50 50 81000 81000 35311 35311 17321 13521 3800 124505 114887 9311 307 149760 111943 37817 107189 26228 390 80571 1476 1476 73899 58121 11173 4605 SERVICES & FEES 654358 571655 14263 68440 EDUCATIONAL EQUIPMENT 362208 309240 43622 9346 SUPPLIES 225435 179284 17316 28835 EQUIPMENT RENTAL & MAIN 171462 167409 3620 433 135208 128290 3496 3422 4706717 3467611 590688 648418 10000082 5633520 2221888 4860470 0 59454 14566 13450 3274 1116 3766409 3555438 68069539 78572181 141558 117873 84202750 92800052 463490 395475 463490 395475 X 4905340 5393287 78833920 87011290 83739260 92404577 84202750 92800052 X 2202046 6488881 -25610 X X 0 1 X 1 0 X 2873646 2100983 3009247 2407459 5942600 16333935 2873646 2100983 3009247 2407459 5942600 16333935 4229240 12104695 509669 506495 625541 515036 593317 2750058 19083993 152514 0.63430 0.65650 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 70567484 699421 7111426 2700551 75677780 77024896 295806 1582272 8335490 70567484 85522562 642028 -5352699 3786995 77024896 65386433 5602025 17784075 3249971 85522562 61686113 3723964 2401747 2425391 65386433 0.05692 0.67561 0.26748 0 0 14566 13450 1116 1116 BBH PRIVATE MARKET FUNDS 12890191 F LIFE INCOME FUNDS 350056 F NC STATE INVESTMENT FUND, INC. LT INVESTMENT POOL 60753589 F CERTIFICATES OF DEPOSIT 1500000 F STIF 50050 F U.S. TREASURIES 3028295 F 78572181 DUE TO ASSOCIATED ENTITIES 9808 LIFE INCOME FUNDS PAYABLE 385667 395475 X 13411723 6488881 75000 -25610 6538271 6873452 35311 35311 6908763 4746406 75000 75000 4671406 35311 35311 4706717 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF APPROXIMATELY 130 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES RELATED TO THE MISSION OF THE UNIVERSITY. PART X, LINE 2: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION, AND HAS CONCLUDED THAT AS OF JUNE 30, 2024, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FOUNDATION 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 TAX YEAR 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -25,610. 1 NC STATE UNIVERSITY COLLEGE OF TEXTILES 1000 MAIN CAMPUS DRIVE RALEIGH NC 27695 566000756 501(C)(3) 1785557 0 TO PROVIDE FOR STUDENT SCHOLARSHIPS, FUND RESEARCH AND PROFESSORSHIPS AND ASSIST WITH CAPITAL PURCHASES 1 PART I, LINE 2: THE FOUNDATION DETERMINES THE AMOUNT OF THE GRANT TO THE COLLEGE BASED ON THE FAIR MARKET VALUE OF ENDOWMENT FUNDS AND MONITORS THE DISBURSEMENT OF THE GRANT THROUGH MONTHLY REPORTS RECEIVED FROM THE COLLEGE. X 0 0 0 0 0 0 0 0 0 DANA HARRIS ASST. TREASURER 0 277750 0 0 0 1836 0 69466 0 7109 0 356161 0 0 DAVID HINKS DIRECTOR 0 297448 0 0 0 0 0 41550 0 7109 0 346107 0 0 ERIN DELEHANTY ASST. TREASURER 0 188285 0 0 0 0 0 46626 0 7109 0 242020 0 0 SCHEDULE J, PART II - COMPENSATION FROM RELATED ORGANIZATIONS THE BOARD MEMBERS THAT ARE COMPENSATED RECEIVE COMPENSATION FROM NC STATE UNIVERSITY, A 170(C)(1) ORGANIZATION RELATED TO THE NORTH CAROLINA TEXTILE FOUNDATION, INC. X 5 60815 FMV 0 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PROVIDED TO THE BOARD MEMBERS TO REVIEW AND APPROVE PRIOR TO THE FILING DEADLINE. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO REVIEW AND SIGN THE CONFLICT OF INTEREST POLICY AT EACH BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE DIRECTOR AND OTHER EMPLOYEES ARE PAID BY A RELATED ORGANIZATION (COLLEGE OF TEXTILES, NC STATE UNIVERSITY). THE COLLEGE DETERMINES THE COMPENSATION OF THE EMPLOYEES BASED ON STATE PAY GRADES AND BUDGETARY CONSIDERATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ONLINE OR UPON WRITTEN REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -25,610. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. PAGE 1, QUESTION J - WEBSITE HTTPS://AEOPERATIONS.OFA.NCSU.EDU/NORTH-CAROLINA-TEXTILE-FOUNDATION-INC/ NORTH CAROLINA STATE UNIVERSITY NCSU BOX 7207 RALEIGH NC 27695 566000756 SCHOLARSHIP AND OTHER SUPPORT FOR THE COLLEGE OF TEXTILES NC 170(C)(1) N/A 0 NORTH CAROLINA STATE UNIVERSITY FOUNDATION INC NCSU BOX 7207 RALEIGH NC 27695 566049503 SUPPORTS THE VARIOUS COLLEGES WITHIN THE UNIVERSITY NC 501(C)(3) LINE 5 N/A 0 NC STATE INVESTMENT FUND INC NCSU BOX 7207 RALEIGH NC 27695 311607634 INVEST FUNDS OF NC STATE UNIVERSITY ENDOWNMENT AND RELATED FOUNDATIONS NC 501(C)(3) LINE 12C, III-FI N/A 0 THE NORTH CAROLINA AGRICULTURAL FOUNDATION NCSU BOX 7207 RALEIGH NC 27695 566049304 SUPPORTS THE COLLEGE OF AGRICULTURE AND LIFE SCIENCES AT NCSU NC 501(C)(3) LINE 5 N/A 0 NC STATE UNVERSITY ALUMNI ASSOCIATION NCSU BOX 7207 RALEIGH NC 27695 566035544 PROMOTES ALUMNI AFFAIRS & AWARENESS OF NCSU IN THE COMMUNITY NC 501(C)(3) LINE 5 N/A 0 NC STATE ENGINEERING FOUNDATION NCSU BOX 7207 RALEIGH NC 27695 566046987 SUPPORT THE COLLEGE OF ENGINEERING AT NCSU NC 501(C)(3) LINE 5 N/A 0 NC STATE UNVERSITY COLLEGE OF SCIENCES FOUNDATION INC NCSU BOX 7207 RALEIGH NC 27695 581524289 SUPPORT THE COLLEGE OF SCIENCES AT NCSU NC 501(C)(3) LINE 5 N/A 0 NORTH CAROLINA VETERINARY MEDICAL FOUNDATION NCSU BOX 7207 RALEIGH NC 27695 581344473 PROVIDES FINANCIAL SUPPORT IN THE FIELD OF VETERINARY MEDICINE AT NCSU NC 501(C)(3) LINE 5 N/A 0 NORTH CAROLINA NATURAL RESOURCES FOUNDATION INC NCSU BOX 7207 RALEIGH NC 27695 560653350 SUPPORT ORGANIZATION OF NCSU NC 501(C)(3) LINE 5 N/A 0 NC STATE UNVERSITY PARTNERSHIP CORPORATION NCSU BOX 7207 RALEIGH NC 27695 561444287 SUPPORT ORGANIZATION OF NCSU NC 501(C)(3) LINE 12C, III-FI N/A 0 NC STATE UNVERSITY STUDENT AID ASSOCIATION NCSU BOX 37100 RALEIGH NC 27627 560650623 SUPPORTS ATHLETIC PROGRAMS AT NCSU NC 501(C)(3) LINE 5 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 NC STATE UNIVERSITY B 1785557 AGENCY AGREEMENT