2024-05-13T13:17:19-05:00 2023-06-30 562271237 THOMAS & GIBBS CPA'S PLLC 6114 FAYETTEVILLE RD STE 101 DURHAM NC 27713 990 2022-07-01 237055330 The Foundation for NC A&T State University FOUN 3363347600 200 North Benbow Road 300 Greensboro NC 27411 Kenneth Sigmon Vice Chancellor for Uni. Adv. 3363347600 2024-05-13 1 Kenneth Sigmon 999009999 1 Kenneth Gibbs P00238164 9195440555 2024-05-06 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z Kenneth Sigmon 200 North Benbow Road 300 Greensboro NC 27411 814717 0 X n/a X 1953 NC The mission of the Foundation is to cultivate loyalty and tradition, and foster mutually beneficial lifelong relationships between the university, alumni, students and friends of the Aggie family. The goal of the Foundation shall be to provide means by which individuals and groups may join in a united effort to ensure the future growth and development of the university consistent with A&T's mission and strategic plan. 18 14 0 0 0 0 77335 52780 211820 360417 255929 274485 2582 28684 547666 716366 0 0 0 0 0 0 0 0 0 399662 569960 399662 569960 148004 146406 4166261 4373486 767817 685996 3398444 3687490 The mission of the Foundation is to cultivate loyalty and tradition, and foster mutually beneficial lifelong relationships between the university, alumni, students and friends of the Aggie family. 0 0 499703 663586 Alumni Engagement (Revenue/expense)Alumni reunion weekend ($42,530/$109,580)Homecoming Vendors ($22,681/$11,858)Homecoming Concert ($146,417/$110,295)Alumni Scholarship Investment Funds ($255,929/$0) 499703 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 X 18 14 0 1 0 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 0 0 0 X Pamela Tyson 3364335570 200 N Benbow Road Greensboro NC 27411 Kenneth Sigmon President 5.00 40.00 X X 0 0 0 Ralisha Mercer Vice President 5.00 40.00 X X 0 0 0 Timothy King Chairman 2.00 X X 0 0 0 Ponce Tidwell Vice Chairman 2.00 X X 0 0 0 Emerson Fullwood Audit/Finance Chair 2.00 X X 0 0 0 Robert Pompey Secretary/Treasurer 2.00 X X 0 0 0 0 0 0 0 0 0 0 0 52780 52780 Homecoming Concert 711300 209015 209015 Alumni Reunion Weekend 721000 109782 109782 Homecoming Vendors 532000 41620 41620 360417 91243 91243 281593 98351 183242 183242 183242 Other income 900099 27668 27668 Miscellaneous Income 900099 1016 1016 28684 716366 663586 0 0 25519 25519 339274 339274 1728 1728 HOMECOMING EXPENSE 95025 95025 ALUMNI REUNION WEEKEND 65404 65404 OTHER MISCELLANEOUS EXP 12877 12877 OPERATIONS 11760 11760 18373 18373 569960 499703 70257 0 1125156 1216368 27235 27334 3000 3000 3000 3010870 3126784 4166261 4373486 767817 685996 767817 685996 X 40148 723270 3358296 2964220 3398444 3687490 4166261 4373486 146406 142640 0 X 0 0 0 X 154988 93355 228072 77335 16026 569776 155562 213984 26220 71328 36754 503848 310550 307339 254292 148663 52780 1073624 1073624 68711 66090 75828 79576 91243 381448 414597 25512 292421 176353 211927 1120810 2575882 582896 0.41680 0.50220 X Schedule A, Part II, Line 10, Explanation of Other Income: Realized gains - 2018 Amount: $ 414,597. 2019 Amount: $ 25,512. 2020 Amount: $ 231,946. 2021 Amount: $ 176,353. 2022 Amount: $ 183,242. Debt forgiveness - 2020 Amount: $ 60,475. Other Income - 2022 Amount: $ 28,685. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 213424 213424 239661 500 -31152 -1978 -2437 213424 225221 3225 13241 2026 239661 213299 11922 225221 401870 24148 7692 418326 0 0 3000 3000 3000 X 716366 0 716366 0 716366 569960 0 569960 0 569960 Part X, Line 2: Uncertain tax positions The Foundation files IRS Form 990. Generally accepted accounting principles provide accounting and disclosure guidance about positions taken by the Fund in its tax returns that might be uncertain. The Foundation recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Management of the Foundation does not believe the financial statements include any uncertain tax positions and determined that no material uncertain tax positions qualify for either recognition or disclosure in the financial statements. 1 Part I, Line 2: Scholarship awards are approved by related scholarship commitee before payments are issued to University Form 990, Part VI, Section A, line 3 Corporate resolution authorized Kenneth Sigmon as an authorized signer Form 990, Part VI, Section B, line 11b A copy of the form 990 is provided to members of the board before filing. Form 990, Part VI, Section B, line 12c Potiental conflict of interest are updated annually Form 990, Part VI, Section C, line 18 Available upon written request Form 990, Part VI, Section C, line 19 Available upon written request The North Carolina Real Estate Foundation PO Box 20366 Greensboro NC 27420 Supporting University NC 501(c)(3) Line 5 0 North Carolina A&T State University 200 N Benbow Rd Greensboro NC 27411 University NC 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0