Nonprofit · EIN 23-7055330
THE FOUNDATION FOR NC A&T STATE UNI VERSI
Tax-exempt · GREENSBORO, NC 27411
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $12,679,187 | $8,644,898 | $4,034,289 | $48,063,287 | $585,189 | $47,478,098 |
| June 30, 2024 | 990 (amended) | $12,156,251 | $9,279,996 | $2,876,255 | $48,352,881 | $2,547,549 | $45,805,332 |
| June 30, 2023 | 990 | $716,366 | $569,960 | $146,406 | $4,373,486 | $685,996 | $3,687,490 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $10,124,437
- Program service revenue
- $0
- Investment income
- $140,946
- Other revenue
- $2,413,804
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $5,944,706
- Management and general (functional)
- $2,700,192
Balance sheet and other
- Total assets, start of year
- $48,352,881
- Total assets, end of year
- $48,063,287
- Total liabilities, end of year
- $585,189
- Net assets, end of year
- $47,478,098
- Land, buildings and equipment
- $126,396
- Publicly traded securities
- $15,078,810
- Net assets without donor restrictions
- $5,494,573
- Net assets with donor restrictions
- $41,983,525
- Gross receipts
- $12,679,187
- Employees
- 0
- Year formed
- 1953
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kenneth Sigmon | President Trustee or director, Officer, Former | – | $0 |
| Ralisha Mercer | Vice President Trustee or director, Officer | 5 | $0 |
| Timothy King | Chairman Trustee or director, Officer | 2 | $0 |
| Thomas Stanley | Vice Chairman Trustee or director, Officer | 2 | $0 |
| Emerson Fullwood | Audit / Finance Chair Trustee or director, Officer | 2 | $0 |
| Saundra Ross | Secretary Trustee or director, Officer | 2 | $0 |
| Dr James Martin II | Chancellor Trustee or director | 2 | $0 |
| Darryl Klugh | Board Member Trustee or director | 2 | $0 |
| Hilda Pinnix-Ragland | Board Member Trustee or director | 2 | $0 |
| John Englar | Board Member Trustee or director | 2 | $0 |
| Kathy McLean | Board Member Trustee or director | 2 | $0 |
| Kathy Hairston | Board Member Trustee or director | 2 | $0 |
| Virginia Teachey | Treasurer Trustee or director, Officer | 2 | $0 |
| Royall Mack | Board Member Trustee or director | 2 | $0 |
| Gina Lofton | Board Member Trustee or director | 2 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ponce Tidwell | Board Member Trustee or director | 2 | $0 |
| Frank McCain Jr | AAF Chair / Member Trustee or director | 2 | $0 |
| Maj Gen Hawthorne Proctor | Board Member Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kenneth Sigmon | President Trustee or director, Officer | 5 | $0 |
| Ralisha Mercer | Vice President Trustee or director, Officer | 5 | $0 |
| Timothy King | Chairman Trustee or director, Officer | 2 | $0 |
| Thomas Stanley | Vice Chairman Trustee or director, Officer | 2 | $0 |
| Emerson Fullwood | Audit / Finance Chair Trustee or director, Officer | 2 | $0 |
| Robert Pompey | Secretary / Treasurer Trustee or director, Officer | 2 | $0 |
| James Martin II | Board Member Trustee or director | 2 | $0 |
| Darryl Lugh | Board Member Trustee or director | 2 | $0 |
| Hilda Pinnix-Ragland | Board Member Trustee or director | 2 | $0 |
| John Engles | Board Member Trustee or director | 2 | $0 |
| Kathy McLean | Board Member Trustee or director | 2 | $0 |
| Kathy Hairston | Board Member Trustee or director | 2 | $0 |
| Peet Proctor | Board Member Trustee or director | 2 | $0 |
| Royall Mack | Board Member Trustee or director | 2 | $0 |
| Gina Lofton | Board Member Trustee or director | 2 | $0 |
| Ponce Chairman | Board Member Trustee or director | 2 | $0 |
990 for the year ended June 30, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kenneth Sigmon | President Trustee or director, Officer | 5 | $0 |
| Ralisha Mercer | Vice President Trustee or director, Officer | 5 | $0 |
| Timothy King | Chairman Trustee or director, Officer | 2 | $0 |
| Ponce Tidwell | Vice Chairman Trustee or director, Officer | 2 | $0 |
| Emerson Fullwood | Audit/Finance Chair Trustee or director, Officer | 2 | $0 |
| Robert Pompey | Secretary/Treasurer Trustee or director, Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 200 NORTH BENBOW ROAD STE 300, GREENSBORO, NC 27411-0003
- In care of
- % ART BROWN
- Mailing address (990-N for 2021)
- 10999 RED RUN BLVD STE 205, Owings Mills MD 21117
- Principal officer (990 for 2024)
- Tamara Josserand, 1601 E Market Street STE 400, Greensboro, NC 27411
- Principal officer (990-N for 2021)
- Kristen Medley, 10999 RED RUN BLVD STE 205, Owings Mills MD 21117
- Signed the 990
- Tamara Josserand, Vice Chancellor for University Adva
- Phone
- (336) 334-7600
- Return prepared by
- The Wesley Peachtree Group CPAs
Mission
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
Program accomplishments
- Administration of investment holdings and university events throughout the year.Expenses $5,944,706
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7055330
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Organization supporting a government college or university
- Donations deductible (Pub 78)
- Group exemption
- Exempt since
- 1971
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Group exemption
- 2454 (2 member organizations)
- Assets (IRS master file)
- $48,063,287
- Income (IRS master file)
- $12,679,187
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $12,679,187 | $8,644,898 | $48,063,287 | IRS |
| 990 | June 2024 | $12,156,251 | $9,279,996 | $48,352,881 | IRS |
| 990 | June 2023 | $716,366 | $569,960 | $4,373,486 | XML |
| 990-N for 2021 Officer: Kristen Medley | June 30, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | $606,983 | $317,541 | $5,826,915 | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7055330).
Questions about THE FOUNDATION FOR NC A&T STATE UNI VERSI
- What is the EIN of THE FOUNDATION FOR NC A&T STATE UNI VERSI?
- The employer identification number (EIN) of THE FOUNDATION FOR NC A&T STATE UNI VERSI is 23-7055330.
- Is THE FOUNDATION FOR NC A&T STATE UNI VERSI tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1971.
- Are donations to THE FOUNDATION FOR NC A&T STATE UNI VERSI tax-deductible?
- Yes. It is listed in IRS Publication 78 (Group exemption).
- Which annual return does THE FOUNDATION FOR NC A&T STATE UNI VERSI file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE FOUNDATION FOR NC A&T STATE UNI VERSI due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE FOUNDATION FOR NC A&T STATE UNI VERSI last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of THE FOUNDATION FOR NC A&T STATE UNI VERSI?
- The 990 for the year ended June 30, 2025 names Tamara Josserand.
- Who are the officers and directors of THE FOUNDATION FOR NC A&T STATE UNI VERSI?
- The 990 for the year ended June 30, 2025 lists 18 people; 0 received compensation from the organization.
- How much revenue does THE FOUNDATION FOR NC A&T STATE UNI VERSI have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $12,679,187, expenses of $8,644,898 and total assets of $48,063,287 at year end.
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