2024-05-15T10:37:37-00:00 2023-06-30 581910650 Murphy and Company PC 1475 Klondike Road Suite 100 Conyers GA 30094 990 2022-07-01 566075899 The North Carolina A&T Real Estate Foundation Inc NORT 3364335560 PO Box 20366 Greensboro NC 274200366 Kimberly Cameron Executive Director 3364335560 2024-05-14 true Kimberly Cameron 999009999 Dane Alexander P01684380 4048740555 2024-05-14 AAL1 IAL1 2022 2023-04-26 12:10:37Z Kimberly Cameron PO Box 20366 Greensboro NC 27420 34229834 false X X 1946 NC To provide scholarships and institutional support to North Carolina ATT University students, faculty, and departments, as well as to support institutional real estate activity. 14 13 0 0 9621045 7963123 22426599 25023696 374312 0 599817 1243015 33021773 34229834 2947772 2249917 0 3630559 4237629 0 0 19271561 27436317 25849892 33923863 7171881 305971 169150909 189272020 116678442 134678451 52472467 54593569 X The mission of the Foundation is to support North Carolina AT State Universitys quality environment of exemplary teaching and learning, scholarly and creative research, and effective community engagement and public service through the acquisition, ownership, transfer, development, and management of real estate or real estate-related projects. false false 7084057 2249917 The Foundation provides direct support to the University departments by the management of fund accounts that include restricted, unrestricted, scholarships, endowments and grants. 19632362 25023696 To expand the footprint of the University and accomodate the increasing demand for student housing, the Foundation constructs, acquires, maintains, and manages student housing. 26716419 true true false false false false false false true true true true false true true true true false false false false false false false false false false false true true true false false false false false false false false false false false false false false true true false true false true 201 0 0 true true false false false false false false false false false false false X 14 13 false false false false false false false true true false false true true true true true true false true false NC X Kimberly Cameron 3364335560 P O Box 20366 Greensboro NC 27420 Harold L Martin Sr Chancellor 000.05 045.00 X 0 412885 87736 Kim Cameron Excecutive Director 045.00 X 0 178885 50840 Sheena Jerman Director 045.00 X 0 175739 0 Jacqueline Stringfellow Director of Accounting 045.00 X 0 102594 31267 Torian R Priestly Chair 000.50 X X 0 0 0 Russ Parmele Vice Chair 000.50 X X 0 0 0 Jennifer Duru-Perry Secretary 000.50 X X 0 0 0 Daniel Lim Treasurer 000.50 X X 0 0 0 Adrienne Bain Director 000.50 X 0 0 0 Nakira A Carter Director 000.50 X 0 0 0 Harold Cogdell Director 000.50 X 0 0 0 James Cox Director 000.50 X 0 0 0 Niketa Greene Director 000.50 X 0 0 0 Clifford A Maske Director 000.50 X 0 0 0 Darrell Perry Director 000.50 X 0 0 0 Thomas E Powers III Director 000.50 X 0 0 0 Walker Sanders Director 000.50 X 0 0 0 870103 169843 4 false true false 7963123 7963123 Rental Income 531110 24428334 24428334 Fee Income 595362 595362 25023696 Other income 531110 1243015 1243015 1243015 34229834 26266711 0 2249917 2249917 0 0 292014 292014 0 3095326 2275675 819651 0 655732 294092 361640 194557 123232 71325 0 0 0 0 0 2889327 2160111 729216 0 375100 370354 4746 0 0 4433527 2454594 1978933 1024643 576048 448595 0 0 5980560 5607601 372959 0 3327459 2885379 442080 861887 42562 819325 Academic departmental 1807660 1778811 28849 Scholarships awards 375000 375000 Repairs maintenance/Supplies equipment 4528202 4344490 183712 Bad debt/Bond issuance costs/Other fees 1210450 1208324 2126 622502 345229 277273 33923863 26716419 7207444 0 21362365 18607592 3400086 2009016 1403488 3531023 149218130 26703450 108452554 122514680 19154547 18491976 654323 954417 14723546 23163316 169150909 189272020 2511965 3076840 107413600 104358693 2116190 4401719 25616834 150000 84968 1626084 116678442 134678451 X 19281031 19616203 33191436 34977366 52472467 54593569 169150909 189272020 305971 -19077 -2083285 3917493 X false true X true false X 3149404 5010064 9818421 9621045 7963123 35562057 3149404 5010064 9818421 9621045 7963123 35562057 35562057 66099 66099 618599 596817 826300 599817 1243015 3884548 39512704 0.90000 0.81670 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true 2116190 2116190 false 6857795 46411 -12223 347475 6544508 7095161 89389 -14901 311854 6857795 5636730 69209 1859315 470093 7095161 6075849 62891 175625 677635 5636730 6083147 90282 381077 478657 6075849 0.96500 0.03500 false true true 10451942 10451942 125426947 22792264 102634683 6275681 2118311 4157370 4885713 1792875 3092838 2177847 2177847 122514680 Financial derivatives and other financial products Closely-held equity interests Securities 18484048 F Limited partnership 7928 F 18491976 Other assets 205422 Funds held by others 1462189 Cash surrender value of life insurance 20164 Restricted cash and cash equivalents 21475541 23163316 Federal income taxes Related party payable - NC AT State University 1263881 Related party 19206 Interest swap agreement 342997 1626084 X 38214204 -19077 4003447 3984370 34229834 34229834 36093101 2083284 85954 2169238 33923863 33923863 V 4 To provide academic support services and scholarships for students. X 2 For the ended June 30, 2022, the Foundation has considered recognition requirements for uncertain tax positions as required by generally accepted accounting principles. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more-likely-than-not be sustained upon examination by taxing authorities. The Foundation has analyzed tax positions taken for filing with the Internal Revenue Service and all applicable state jurisdictions. The Foundation believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on the Foundations financial position. XI 2d Other income from non-operating activities. true Scholarships and awards 2249917 Part I Line 2 Scholarships and assistance are awarded from departmental funds that are held by the Foundation. Each scholarship has an agreement which details the criteria. The departments and/or scholarship committee select the scholarship recipients. Some of the criteria used are GPA, demonstrated need for financial assistance, community involvement and their enrollment status at the University. This list and the amount awarded is remitted to the Universitys financial aid office. Subsequently, the financial aid office remits the award form to the Foundation upon which the purchase order is prepared and a check is made payable to the University to post the scholarship to the students account. X false false false false false false false false false Kim Cameron Excecutive Director 178885 50840 229725 Harold L Martin Sr Chancellor 412885 87736 500621 Sheena Jerman Director 175739 175739 A NC Capital Facilities 561592154 2015-10-01 22495000 To refund student revenue bond false false false B NC Capital Facilities 561592154 2014-07-01 21000000 To construct student housing false false false C Public Finance Authority 2019-06-25 26020000 Refunding existing indebtedness false false false D Public Finance Authority 2019-12-18 47795000 Acquisition apartment facility false false false A 24245853 2114311 21249100 485859 396588 2015 true false false false B 215000000 1270400 373739 215943 17911704 1278214 2004 false false false true C 28471501 2569947 656197 25719996 2019 false false false true D 47795000 6316974 842651 74253701 2020 false true true A false false false false false 0.01000 0.01000 false false false B false false false false false 0.01000 0.01000 false false false C false false false false false 0.01000 0.01000 false false false D false false false false false 0.01000 0.01000 false false false A false false false true true false false false true B false false false true true false false false true C false false false true true false false false true D false false false false true false false false true A true B true C true Part I Issuer Name a Public Finance Authority, f Description of Purpose Refunding existing indebtedness Issuer Name a Public Finance Authority, f Acquisition apartment facility Form 990, Part III, Line 1 This mission is accomplished by, among other things 1 Cultivating and managing gifts of real estate on behalf of the University and its associated entities 2 Acquiring strategic real estate in support of the Strategic Plan and Master Capital Plan of the University 3 Selling, leasing, developing, or transferring real estate for the sole benefit of the University and its associated entities and 4 Managing a portfolio of real estate to provide a consistent revenue stream in support of the University and its association. Form 990, Part VI, Section B, Line 11b Upon completion by our auditors, the Foundations Form 990 and UBIT tax returns are reviewed by the Director of Accounting and the Financial Reporting team, then presented to the Executive Director. The auditors will then present the annual tax returns to the Foundations Finance Committee. Form 990, Part VI, Section B, Line 12c The Foundation requires all employees and Board of Directors to complete the conflict of interest form annually and disclose any instances on the disclosure form. Form 990, Part VI, Section B, Line 15b As North Carolina state employees of North Carolina AT State University, the Foundations Human Resources process is managed by the Universitys Human Resources department. Salaries and classifications are governed by the University of North Carolina UNC Systems General Administration. Thus, the salary for the Executive Director is estabilshed by the Vice Chancellor of Business Finance within the guidelines set by the UNC Systems General Administration. Key employee salaries are established by the Executive Director within the guidelines set by the UNC Systems General Administration. Form 990, Part VI, Section C, Line 19 An electronic copy of the Form 990 and UBIT tax returns and the Foundations governing documents and conflict of interest policy are retained on its secure Share Point site are made availabe upon request for public view. Copies are also made available for distribution upon request to stakeholders, University colleagues, and constituents. The NC A&T University Foundation LLC 200 N Benbow Road Greensboro NC 27411 562222757 Manage student housing for use by the University NC 1722728 29331858 The North Carolina A&T Real Estate Foundation Inc The NC A&T Real Estate Foundation LLC 200 N Benbow Road Greensboro NC 27411 824865519 Acquire, maintain, and manage student housing NC 1179544 81770771 The North Carolina A&T Real Estate Foundation Inc The NC A&T Investment Foundation Inc 1601 E Market Street Greensboro NC 27401 823043129 Sole purpose of providing investment management NC 1785654 36061178 The North Carolina A&T Real Estate Foundation Inc Aggie Apartment Life Holding Corporation LLC 200 N Benbow Road Greensboro NC 27411 881305246 Acquire, maintain, and manage student apartment housing facilities NC 972315 26834326 The North Carolina A&T Real Estate Foundation Inc Bulldog Real Estate Holdings of East Greensboro LLC 200 N Benbow Road Greensboro NC 27411 871205047 Hold and manage all assets associated with the Resurgen - Mixed Use New Market Tax Credit Project an NC -27569 6671521 The North Carolina A&T Real Estate Foundation Inc The Aggie Athletic Foundation 1601 E Market Street Greensboro NC 27411 274444729 Provide support for NC AT Athletics NC 501c3 N/A false false false false false false false false false false false false true false false false true true false false NC A&T State University q 4851774 NC A&T State University p 2979556 NC A&T State Univesity l 1391930