Nonprofit · EIN 23-7410301
NORTH CAROLINA CENTRAL UNIVERSITY FOUNDATION INC
Tax-exempt · DURHAM, NC 27717
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $22,337,570 | $12,460,598 | $9,876,972 | $63,729,778 | $628,769 | $63,101,009 |
| June 30, 2024 | 990 | $21,722,265 | $18,037,819 | $3,684,446 | $53,121,014 | $387,753 | $52,733,261 |
| June 30, 2023 | 990 | $20,090,272 | $13,680,130 | $6,410,142 | $49,204,677 | $295,130 | $48,909,547 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $18,309,524
- Program service revenue
- $0
- Investment income
- $2,691,380
- Net gain from sales of assets
- $961,616
- Other revenue
- $1,336,666
Expenses
- Grants and similar amounts paid
- $10,689,450
- Compensation of officers, directors and key employees
- $433,951
- Other salaries and wages
- $396,822
- Salaries, compensation and benefits (total)
- $929,413
- Professional fundraising fees
- $0
- Travel
- $91,894
- Depreciation
- $4,649
- Program services (functional)
- $10,689,450
- Management and general (functional)
- $1,771,148
Balance sheet and other
- Total assets, start of year
- $53,121,014
- Total assets, end of year
- $63,729,778
- Total liabilities, end of year
- $628,769
- Net assets, end of year
- $63,101,009
- Land, buildings and equipment
- $132,832
- Publicly traded securities
- $39,537,138
- Net assets without donor restrictions
- $3,264,036
- Net assets with donor restrictions
- $59,836,973
- Gross receipts
- $25,925,145
- Employees
- 5
- Volunteers
- 20
- Year formed
- 1972
- 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 | Other / benefits |
|---|---|---|---|---|
| ERNEST JENKINS | VICE PRESIDENT/EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $393,705 | $15,031 |
| JASON SHERRILL | FINANCE DIRECTOR Highest-paid employee | 40 | $193,692 | $13,616 |
| PAULA HUBBARD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| D CARR THOMPSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| OMAR BANKS | DIRECTOR FROM JUNE 2025 Trustee or director | 1 | $0 | $0 |
| JAMES SPEED | DIRECTOR Trustee or director | 4 | $0 | $0 |
| GEOFFREY HUDSON | DIRECTOR Trustee or director | 3 | $0 | $0 |
| CHARLES TRAVIS III | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HARRY STAFFORD | DIRECTOR Trustee or director | 3 | $0 | $0 |
| GARLAND R AVENT | DIRECTOR Trustee or director | 4 | $0 | $0 |
| KAMARIA BROWN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KARRIE G DIXON | EX OFFICIO Trustee or director | 1 | $0 | $0 |
| CHRISTOPHER BOOZER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SUSAN HESTER INSTITUTIONAL ADVANCEM | EX-OFFICIO Trustee or director | 2 | $0 | $0 |
| FRANKIE J PERRY | PRESIDENT Trustee or director, Officer | 11 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES D WILLIAMS | TREASURER Trustee or director, Officer | 2 | $0 |
| ANTOINETTE DR BURWELL | DIRECTOR Trustee or director | 1 | $0 |
| CALVIN J CROSSLIN | DIRECTOR Trustee or director | 1 | $0 |
| HERBERT RIVERA-SANCHEZ | DIRECTOR Trustee or director | 1 | $0 |
| ANDRE VANN | EX-OFFICIO UNTIL JUNE 2025 Trustee or director | 1 | $0 |
| CORNELL SLADE | EX OFFICIO Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ERNEST JENKINS | VICE PRESIDENT/EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $351,554 | $13,902 |
| JASON SHERRILL | FINANCE DIRECTOR Highest-paid employee | 40 | $167,912 | $13,061 |
| PAULA HUBBARD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| D CARR THOMPSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CORNELIUS L BEST | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES SPEED | DIRECTOR Trustee or director | 4 | $0 | $0 |
| GEOFFREY HUDSON | DIRECTOR Trustee or director | 3 | $0 | $0 |
| CHARLES TRAVIS III | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HARRY STAFFORD | DIRECTOR Trustee or director | 3 | $0 | $0 |
| GARLAND R AVENT | DIRECTOR Trustee or director | 4 | $0 | $0 |
| KAMARIA BROWN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MONICA PERRY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRISTOPHER BOOZER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHNSON AKINLEYE | EX-OFFICIO Trustee or director | 1 | $0 | $0 |
| SUSAN HESTER INSTITUTIONAL ADVANCEM | EX-OFFICIO Trustee or director | 2 | $0 | $0 |
| TOMEIKA A BOWDEN | EX-OFFICIO Trustee or director | 1 | $0 | $0 |
| FRANKIE J PERRY | PRESIDENT Trustee or director, Officer | 11 | $0 | $0 |
| JAMES D WILLIAMS | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| ANTOINETTE DR BURWELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CALVIN J CROSSLIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HERBERT RIVERA-SANCHEZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CORNELL SLADE | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ERNEST JENKINS | VICE PRESIDENT/EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $278,950 | $12,558 |
| PAULA HUBBARD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| D CARR THOMPSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CORNELIUS L BEST | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES SPEED | DIRECTOR Trustee or director | 4 | $0 | $0 |
| GEOFFREY HUDSON | DIRECTOR Trustee or director | 3 | $0 | $0 |
| CHARLES TRAVIS III | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HARRY STAFFORD | DIRECTOR Trustee or director | 3 | $0 | $0 |
| GARLAND R AVENT | DIRECTOR Trustee or director | 4 | $0 | $0 |
| KAMARIA BROWN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MONICA PERRY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRISTOPHER BOOZER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHNSON AKINLEYE | EX-OFFICIO Trustee or director | 1 | $0 | $0 |
| SUSAN HESTER INSTITUTIONAL ADVANCEM | EX-OFFICIO Trustee or director | 2 | $0 | $0 |
| TOMEIKA A BOWDEN | EX-OFFICIO Trustee or director | 1 | $0 | $0 |
| FRANKIE J PERRY | PRESIDENT Trustee or director, Officer | 11 | $0 | $0 |
| JAMES D WILLIAMS | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| FLOYD BENJAMIN UNTIL 62023 | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANTOINETTE DR BURWELL FROM 922 | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CALVIN J CROSSLIN FROM 922 | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HERBERT RIVERA-SANCHEZ FROM 922 | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 52466, DURHAM, NC 27717-2466
- Principal officer (990 for 2024)
- FRANKIE PERRY, POST OFFICE BOX 52466, DURHAM, NC 277172466
- Signed the 990
- JASON SHERRILL, ASSOCIATE DIRECTOR
- Phone
- (919) 530-7639
- Return prepared by
- BLACKMAN & SLOOP ADVISORS INC
Mission
THE MISSION OF THE NORTH CAROLINA CENTRAL UNIVERSITY FOUNDATION, INC., IS TO FOSTER AND PROMOTE THE GROWTH OF HIGHER EDUCATION IN NORTH CAROLINA AND SPECIFICALLY NORTH CAROLINA CENTRAL UNIVERSITY BY WHATEVER NAME IT MAY BE DESIGNATED, AND TO THAT END TO ENCOURAGE, SOLICIT, RECEIVE AND ADMINISTER GIFTS AND BEQUESTS OF PROPERTY AND TO HOLD IN TRUST ANY PROPERTY, REAL AND PERSONAL GIVEN, DEVISED, BEQUEATHED, GIVEN IN TRUST OR IN ANY OTHER WAY MADE OVER TO SAID CORPORATION FOR THE USE OR BENEFIT OF NORTH CAROLINA CENTRAL UNIVERSITY; TO INVEST OR DISBURSE ALL MONIES RECEIVED, AND GENERALLY TO CARE FOR, MANAGE, ADMINISTER AND CONTROL ALL SUCH PROPERTY RECEIVED, AND TO CARRY OUT THE WISHES AND TO SEE THAT THE FUNDS AND PROPERTY SO RECEIVED, AND TO CARRY ALLOWABLE DESIGNATIONS OF THE DONORS, AND TO PERFORM ANY ACTS AND EXPEND FUNDS NOT SPECIFICALLY DESIGNATED, IN ANY MANNER IN WHICH THE CORPORATION'S BOARD OF DIRECTORS SHALL DETERMINE WILL BE BENEFICIAL TO THE UNIVERSITY.
Program accomplishments
- ADMINISTER SCHOLARSHIP FUNDS AND PROVIDE SUPPORT TO ALL DEPARTMENTS OF NORTH CAROLINA CENTRAL UNIVERSITY.Expenses $10,689,450 · grants $10,689,450
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
- 23-7410301
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1974
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B110)
- Assets (IRS master file)
- $63,729,778
- Income (IRS master file)
- $25,925,145
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $22,337,570 | $12,460,598 | $63,729,778 | IRS |
| 990 | June 2024 | $21,722,265 | $18,037,819 | $53,121,014 | IRS |
| 990 | June 2023 | $20,090,272 | $13,680,130 | $49,204,677 | XML |
| 990 | June 2022 | $14,481,388 | $5,949,139 | $41,061,034 | IRS |
| 990 | June 2021 | – | – | – | 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 23-7410301).
Questions about NORTH CAROLINA CENTRAL UNIVERSITY FOUNDATION INC
- What is the EIN of NORTH CAROLINA CENTRAL UNIVERSITY FOUNDATION INC?
- The employer identification number (EIN) of NORTH CAROLINA CENTRAL UNIVERSITY FOUNDATION INC is 23-7410301.
- Is NORTH CAROLINA CENTRAL UNIVERSITY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1974.
- Are donations to NORTH CAROLINA CENTRAL UNIVERSITY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NORTH CAROLINA CENTRAL UNIVERSITY FOUNDATION INC 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 NORTH CAROLINA CENTRAL UNIVERSITY FOUNDATION INC 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 NORTH CAROLINA CENTRAL UNIVERSITY FOUNDATION INC 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 NORTH CAROLINA CENTRAL UNIVERSITY FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names FRANKIE PERRY.
- Who are the officers and directors of NORTH CAROLINA CENTRAL UNIVERSITY FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 21 people; 2 received compensation from the organization, the highest $393,705 (ERNEST JENKINS, VICE PRESIDENT/EXECUTIVE DIRECTOR).
- How much revenue does NORTH CAROLINA CENTRAL UNIVERSITY FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $22,337,570, expenses of $12,460,598 and total assets of $63,729,778 at year end.
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