Nonprofit · EIN 23-7115345
ELIZABETH CITY STATE UNIVERSITY FOUNDATION
Tax-exempt · ELIZABETH CTY, NC 27909
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $3,154,495 | $2,358,465 | $796,030 | $22,540,024 | $18,290,459 | $4,249,565 |
| June 30, 2024 | 990 | $3,350,015 | $2,418,589 | $931,426 | $21,460,773 | $18,684,688 | $2,776,085 |
| June 30, 2023 | 990 | $2,677,330 | $2,464,054 | $213,276 | $20,234,174 | $19,181,504 | $1,052,670 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,614,941
- of which government grants
- $81,000
- Program service revenue
- $821,404
- Investment income
- $682,884
- Net gain from sales of assets
- $293,652
- Net income from fundraising events
- $14,734
- Other revenue
- $35,266
Expenses
- Grants and similar amounts paid
- $573,365
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $39,703
- Travel
- $194,608
- Depreciation
- $218,772
- Program services (functional)
- $1,804,247
- Management and general (functional)
- $554,218
Balance sheet and other
- Total assets, start of year
- $21,460,773
- Total assets, end of year
- $22,540,024
- Total liabilities, end of year
- $18,290,459
- Net assets, end of year
- $4,249,565
- Land, buildings and equipment
- $7,224,843
- Publicly traded securities
- $9,836,344
- Net assets without donor restrictions
- -$3,817,826
- Net assets with donor restrictions
- $8,067,391
- Gross receipts
- $5,328,387
- Employees
- 0
- Volunteers
- 21
- Year formed
- 1971
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KEVIN WADE | EXECUTIVE DIRECTOR/NON-VOTING MEMBER Trustee or director, Officer | 40 | $0 | $183,732 | $65,837 |
| KIMREY RHINEHARDT | CHAIRMAN Trustee or director, Officer | 4 | $0 | $0 | $0 |
| BERNADINE A COBB | VICE CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 | $0 |
| JERMAINE MCKINLEY | TREASURER Trustee or director, Officer | 2 | $0 | $0 | $0 |
| ANNALISA CARAWAN MORGAN | SECRETARY Trustee or director, Officer | 2 | $0 | $0 | $0 |
| CATHERINE EDMONDS | INTERIM CHANCELLOR Trustee or director | 2 | $0 | $0 | $0 |
| JENNIFER BAILEY | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| COL RANDY B BELL | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JAMES BELL | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| JAMES CHERRY II | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DIANA M GARDNER | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| CHRISTINE EVANS | NON-VOTING BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| LORI GIBBS | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| TIMOTHY MINOR | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| NYLISSA SNAGG | NON-VOTING BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT THIBEAULT | NON-VOTING BOARD MEMBER Trustee or director | 2 | $0 |
| RAYMOND WEAVER | BOARD MEMBER Trustee or director | 2 | $0 |
| KENNETH WEEDEN | BOARD MEMBER Trustee or director | 2 | $0 |
| LISA WESTBROOK | BOARD MEMBER Trustee or director | 2 | $0 |
| SADIE JOHNSON-CARTER | BOARD MEMBER Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 20 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KEVIN WADE | EXECUTIVE DIRECTOR Officer | 40 | $0 | $117,490 | $44,934 |
| KIMREY RHINEHARDT | CHAIRMAN Trustee or director, Officer | 4 | $0 | $0 | $0 |
| BERNADINE A COBB | VICE CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 | $0 |
| JERMAINE MCKINLEY | TREASURER Trustee or director, Officer | 2 | $0 | $0 | $0 |
| LENORA JARVIS-MACKEY | SECRETARY Trustee or director, Officer | 2 | $0 | $0 | $0 |
| DR KARRIE G DIXON | CHANCELLOR Trustee or director | 2 | $0 | $0 | $0 |
| JENNIFER BAILEY | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| COL RANDY B BELL | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| JAMES BELL | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| JAMES CHERRY III | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DIANA M GARDNER | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| EMMANUEL D HARRIS | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| ELSTON HOWELL | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SADIE JOHNSON CARTER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CHRISTIAN LEWIS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| TIMOTHY MINOR | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| ANNALISA CARAWAN MORGAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| REV JERRY SPRUELL | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| RAYMOND WEAVER | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| LISA WESTBROOK | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 20 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| GARY BROWN | EXECUTIVE DIRECTOR Officer | 40 | $0 | $157,010 | $38,555 |
| KIMREY RHINEHARDT | CHAIRMAN Trustee or director, Officer | 4 | $0 | $0 | $0 |
| L CHANTEL CHERRY-LASSITER | VICE CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 | $0 |
| JERMAINE MCKINLEY | TREASURER Trustee or director, Officer | 2 | $0 | $0 | $0 |
| LENORA JARVIS-MACKEY | SECRETARY Trustee or director, Officer | 2 | $0 | $0 | $0 |
| DR KARRIE G DIXON | CHANCELLOR Trustee or director | 2 | $0 | $0 | $0 |
| COL RANDY B BELL | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| JAMES BELL | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| JAMES CHERRY III | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| BERNADINE A COBB | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| LYDIA DANIEL | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| DIANA M GARDNER | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| EMMANUEL D HARRIS | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| ELSTON HOWELL | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SADIE JOHNSON CARTER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CHRISTIAN LEWIS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| TIMOTHY MINOR | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| ANNALISA CARAWAN MORGAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| REV JERRY SPRUELL | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| DR TRACEY TULLIE | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1704 WEEKSVILLE RD, ELIZABETH CTY, NC 27909-7977
- Principal officer (990 for 2024)
- LADANIEL GATLING II, 1704 WEEKSVILLE ROAD, ELIZABETH CITY, NC 27909
- Signed the 990
- LADANIEL GATLING II, VICE CHANCELLOR
- Phone
- (252) 335-3225
- Return prepared by
- CHERRY BEKAERT ADVISORY LLC
Mission
GOVERNED BY A 20 MEMBER BOARD, THE FOUNDATION'S PURPOSE IS TO AID, SUPPORT AND PROMOTE TEACHING, RESEARCH AND SERVICES IN THE VARIOUS EDUCATIONAL, SCIENTIFIC, SCHOLARLY, PROFESSIONAL, ARTISTIC AND CREATIVE ENDEAVORS OF THE UNIVERSITY. THE ECSU FOUNDATION IS COMMITTED TO ENDURING THE FUTURE OF THE UNIVERSITY BY BUILDING ECSU'S ENDOWMENT TO PROVIDE FOR ITS NEED IN PERPETUITY. THE INVESTMENT AND ANNUAL REINVESTMENT, ALLOWED AT A HIGHER RATE OF RETURN THAN OTHER RESERVE FUNDS, OF THE ECSU FOUNDATION ENDOWMENT ALLOWS THE UNIVERSITY TO INCREASE ITS IMPACT ON THE REGION AS WELL AS THE CAPACITY TO MEET THE NEEDS OF THE STUDENTS IT SERVES.
Program accomplishments
- PROVIDED FUNDING TO UNIVERSITY FOR DORMITORY RENOVATIONS.Expenses $105,990 · grants $105,990
- THE ECSU FOUNDATION PROVIDED SCHOLARSHIPS TO STUDENTS AT ELIZABETH CITY STATE UNIVERSITY.Expenses $467,375 · grants $467,375
- PROVIDED HOUSING FOR STUDENTS OF ELIZABETH CITY STATE UNIVERSITY THROUGH VIKINGS VILLAGE APARTMENTS.Expenses $1,230,882 · revenue $841,936
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
- 23-7115345
- 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)
- Public charity, 50% deduction limit
- Exempt since
- 1971
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $22,540,024
- Income (IRS master file)
- $5,328,387
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $3,154,495 | $2,358,465 | $22,540,024 | XML |
| 990 | June 2024 | $3,350,015 | $2,418,589 | $21,460,773 | XML |
| 990 | June 2023 | $2,677,330 | $2,464,054 | $20,234,174 | XML |
| 990 | June 2022 | $3,296,058 | $3,000,230 | $19,167,827 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | 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 23-7115345).
Questions about ELIZABETH CITY STATE UNIVERSITY FOUNDATION
- What is the EIN of ELIZABETH CITY STATE UNIVERSITY FOUNDATION?
- The employer identification number (EIN) of ELIZABETH CITY STATE UNIVERSITY FOUNDATION is 23-7115345.
- Is ELIZABETH CITY STATE UNIVERSITY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1971.
- Are donations to ELIZABETH CITY STATE UNIVERSITY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ELIZABETH CITY STATE UNIVERSITY FOUNDATION 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 ELIZABETH CITY STATE UNIVERSITY FOUNDATION 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 ELIZABETH CITY STATE UNIVERSITY FOUNDATION 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 ELIZABETH CITY STATE UNIVERSITY FOUNDATION?
- The 990 for the year ended June 30, 2025 names LADANIEL GATLING II.
- Who are the officers and directors of ELIZABETH CITY STATE UNIVERSITY FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 20 people; 0 received compensation from the organization.
- How much revenue does ELIZABETH CITY STATE UNIVERSITY FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $3,154,495, expenses of $2,358,465 and total assets of $22,540,024 at year end.
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