Nonprofit · EIN 56-0650623
NC STUDENT AID ASSOCIATION INC
Tax-exempt · RALEIGH, NC 27627
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $58,813,112 | $46,242,679 | $12,570,433 | $132,636,503 | $32,148,088 | $100,488,415 |
| June 30, 2024 | 990 | $32,577,617 | $30,536,223 | $2,041,394 | $123,651,935 | $38,715,247 | $84,936,688 |
| June 30, 2023 | 990 | $34,945,207 | $40,016,949 | -$5,071,742 | $114,223,350 | $34,998,755 | $79,224,595 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $49,621,962
- Membership dues
- $13,777,884
- Program service revenue
- $7,101,032
- Investment income
- $2,023,589
- Net gain from sales of assets
- $917,222
- Net income from fundraising events
- $7,290
- Other revenue
- $66,529
Expenses
- Grants and similar amounts paid
- $37,923,919
- Compensation of officers, directors and key employees
- $649,133
- Other salaries and wages
- $1,941,862
- Salaries, compensation and benefits (total)
- $4,083,366
- Professional fundraising fees
- $0
- Legal fees
- $37,477
- Accounting fees
- $292,510
- Occupancy
- $15,758
- Travel
- $161,416
- Depreciation
- $1,105,974
- Program services (functional)
- $44,657,190
- Management and general (functional)
- $796,409
- Fundraising (functional)
- $789,080
Balance sheet and other
- Total assets, start of year
- $123,651,935
- Total assets, end of year
- $132,636,503
- Total liabilities, end of year
- $32,148,088
- Net assets, end of year
- $100,488,415
- Land, buildings and equipment
- $20,665,886
- Publicly traded securities
- $47,284,022
- Net assets without donor restrictions
- $31,489,235
- Net assets with donor restrictions
- $68,999,180
- Gross unrelated business income
- $54,158
- Gross receipts
- $60,732,475
- Employees
- 34
- Volunteers
- 55
- Year formed
- 1955
- 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 |
|---|---|---|---|---|
| BENJAMIN BROUSSARD | EXECUTIVE DIRECTOR Officer | 40 | $403,400 | $24,182 |
| JAMES CORRELL JR | ASSOCIATE EXECUTIVE DIRECTOR Key employee | 40 | $184,443 | $19,157 |
| STEPHEN FOSHEE | DIRECTOR OF MAJOR GIVING Highest-paid employee | 40 | $150,151 | $15,669 |
| MEDIA HOOKS | DIRECTOR OF MARKETING AND COMMUNICATIONS Highest-paid employee | 40 | $144,850 | $17,097 |
| GEORGE W PRIDGEN | SENIOR MAJOR GIFT OFFICER Highest-paid employee | 40 | $118,268 | $16,123 |
| EMILY WAYLAND | DIRECTOR OF ANNUAL GIVING Highest-paid employee | 40 | $113,663 | $14,718 |
| EDDIE WETHERILL | PRESIDENT Trustee or director, Officer | 4 | $0 | $0 |
| ELIZABETH COOLEY | TREASURER Trustee or director, Officer | 4 | $0 | $0 |
| CLYDE PHILLIPS | VICE PRESIDENT Trustee or director, Officer | 4 | $0 | $0 |
| BRIAN MCMURRAY | IMMEDIATE PAST PRESIDENT Trustee or director, Officer | 4 | $0 | $0 |
| GED KING | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BOO CORRIGAN | EX-OFFICIO Trustee or director | 1 | $0 | $0 |
| BRAD REMMEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRIAN SISCHO | EX-OFFICIO Trustee or director | 1 | $0 | $0 |
| CRES CALABRESE | DIRECTOR Trustee or director | 1 | $0 | $0 |
12 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CRYSTAL FISH | DIRECTOR Trustee or director | 1 | $0 |
| DOUG DOGGETT | DIRECTOR Trustee or director | 1 | $0 |
| ASTRA BALL | DIRECTOR Trustee or director | 1 | $0 |
| KEN NICHOLS | DIRECTOR Trustee or director | 1 | $0 |
| GREG HATEM | DIRECTOR Trustee or director | 1 | $0 |
| ANNETTE HOLLER | DIRECTOR Trustee or director | 1 | $0 |
| JERRICHO COTCHERY | DIRECTOR Trustee or director | 1 | $0 |
| JIM STOWE | DIRECTOR Trustee or director | 1 | $0 |
| KRIS NEAL | DIRECTOR Trustee or director | 1 | $0 |
| MATT GRIFFITH | DIRECTOR Trustee or director | 1 | $0 |
| RANDY WOODSON | EX-OFFICIO Trustee or director | 1 | $0 |
| WOODY JONES | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 31 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BENJAMIN J BROUSSARD | EXECUTIVE DIRECTOR Officer | 40 | $376,777 | $25,097 |
| JAMES L CORRELL | ASSOCIATE EXECUTIVE DIRECTOR Key employee | 40 | $177,767 | $18,420 |
| KIMBERLEY W FORESTA | CFO, UNTIL 4/2024 Officer | 40 | $141,565 | $19,723 |
| MEDIA S HOOKS | ASSOCIATE DIRECTOR OF MARKETING Highest-paid employee | 40 | $139,042 | $15,117 |
| STEPHEN FOSHEE | DIRECTOR OF MAJOR GIFTS Highest-paid employee | 40 | $133,273 | $17,419 |
| GEORGE W PRIDGEN | ASSOCIATE DIRECTOR OF ANNUAL GIVING Highest-paid employee | 40 | $114,566 | $13,705 |
| EMILY WAYLAND | DIRECTOR OF ANNUAL GIVING Highest-paid employee | 40 | $105,844 | $11,549 |
| CAMERON LINCK | ASSOCIATE DIRECTOR OF MAJOR GIFTS Highest-paid employee | 40 | $103,502 | $11,863 |
| EDDIE WETHERILL | PRESIDENT Trustee or director, Officer | 4 | $0 | $0 |
| BRIAN MCMURRAY | IMMEDIATE PAST PRESIDENT Trustee or director, Officer | 4 | $0 | $0 |
| CLYDE PHILLIPS | VICE PRESIDENT Trustee or director, Officer | 4 | $0 | $0 |
| ELIZABETH COOLEY | TREASURER Trustee or director, Officer | 4 | $0 | $0 |
| KEN NICHOLS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KRIS NEAL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRAD REMMEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JERRICHO COTCHERY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GREG HATEM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RANDY WOODSON | EX-OFFICIO Trustee or director | 1 | $0 | $0 |
| BRIAN SISCHO | EX-OFFICIO Trustee or director | 1 | $0 | $0 |
| CRYSTAL FISH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LARRY TWISDALE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CRES CALABRESE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MATT GRIFFITH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WOODY JONES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JIM STOWE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BOO CORRIGAN | EX-OFFICIO Trustee or director | 1 | $0 | $0 |
| GED KING | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ASTRA BALL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DOUG DOGGETT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANNETTE HOLLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MELANIE FORNES | CFO, FROM 4/2024-7/2024 Officer | 40 | $0 | $0 |
990 for the year ended June 30, 2023: 25 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BENJAMIN J BROUSSARD | EXECUTIVE DIRECTOR Officer | 40 | $422,733 | $26,180 |
| JAMES L CORRELL | ASSOCIATE EXECUTIVE DIRECTOR Key employee | 40 | $168,187 | $21,022 |
| KIMBERLEY W FORESTA | CHIEF FINANCIAL OFFICER Officer | 40 | $134,457 | $19,369 |
| MEDIA S HOOKS | ASSOCIATE DIRECTOR OF MARKETING Highest-paid employee | 40 | $133,871 | $16,685 |
| GEORGE W PRIDGEN | ASSOCIATE DIRECTOR OF ANNUAL GIVING Highest-paid employee | 40 | $111,160 | $14,886 |
| BRIAN MCMURRAY | PRESIDENT Trustee or director, Officer | 4 | $0 | $0 |
| DAVID BEAM | IMMEDIATE PAST PRESIDENT Trustee or director, Officer | 4 | $0 | $0 |
| EDDIE WETHERILL | VICE PRESIDENT Trustee or director, Officer | 4 | $0 | $0 |
| CLYDE PHILLIPS | TREASURER Trustee or director, Officer | 4 | $0 | $0 |
| BRIAN SISCHO | EX-OFFICIO Trustee or director | 1 | $0 | $0 |
| RANDY WOODSON | EX-OFFICIO Trustee or director | 1 | $0 | $0 |
| BOO CORRIGAN | EX-OFFICIO Trustee or director | 1 | $0 | $0 |
| JERRICHO COTCHERY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRAD REMMEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELIZABETH COOLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEN NICHOLS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WOODY JONES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MATT GRIFFITH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CRYSTAL FISH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GREG HATEM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CRES CALABRESE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LARRY TWISDALE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KRIS NEAL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JIM STOWE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANNETTE HOLLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 37100, RALEIGH, NC 27627-7100
- Principal officer (990 for 2024)
- BEN BROUSSARD, 4680 TRINITY ROAD, RALEIGH, NC 27607
- Signed the 990
- BEN BROUSSARD, EXECUTIVE DIRECTOR
- Phone
- (919) 865-1500
- Return prepared by
- THOMAS JUDY & TUCKER PA
Mission
THE MISSION OF THE NC STATE STUDENT AID ASSOCIATION (WOLFPACK CLUB) IS TO PROVIDE PRIVATE FINANCIAL SUPPORT FOR ATHLETIC SCHOLARSHIPS AND FACILITIES FOR NC STATE UNIVERSITY. ADDITIONALLY, THE STUDENT AID ASSOCIATION PROVIDES COMMUNICATION AND SERVICES FOR ALL FRIENDS OF THE WOLFPACK ATHLETICS. ALL OF THE ACTIVITIES ARE DONE WITH THE HIGHEST INTEGRITY FOR ACADEMIC AND ATHLETIC EXCELLENCE AND WITHIN THE GUIDELINES ESTABLISHED BY THE UNIVERSITY, THE ATLANTIC COAST CONFERENCE, AND THE NATIONAL COLLEGIATE ATHLETIC ASSOCIATION.
Program accomplishments
- FACILITY IMPROVEMENTS FOR NC STATE UNIVERSITYExpenses $28,733,857 · grants $22,000,586 · revenue $7,106,113
- FINANCING SCHOLARSHIPS AWARDED BY NC STATE UNIVERSITY TO WORTHY STUDENTS.Expenses $15,923,333 · grants $15,923,333
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
- 56-0650623
- 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
- 1955
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B820)
- Assets (IRS master file)
- $132,636,503
- Income (IRS master file)
- $60,732,475
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $58,813,112 | $46,242,679 | $132,636,503 | XML |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $32,577,617 | $30,536,223 | $123,651,935 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $34,945,207 | $40,016,949 | $114,223,350 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $35,950,194 | $21,214,461 | $117,853,351 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | 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 56-0650623).
Questions about NC STUDENT AID ASSOCIATION INC
- What is the EIN of NC STUDENT AID ASSOCIATION INC?
- The employer identification number (EIN) of NC STUDENT AID ASSOCIATION INC is 56-0650623.
- Is NC STUDENT AID ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1955.
- Are donations to NC STUDENT AID ASSOCIATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NC STUDENT AID ASSOCIATION 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 NC STUDENT AID ASSOCIATION 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 NC STUDENT AID ASSOCIATION 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 NC STUDENT AID ASSOCIATION INC?
- The 990 for the year ended June 30, 2025 names BEN BROUSSARD.
- Who are the officers and directors of NC STUDENT AID ASSOCIATION INC?
- The 990 for the year ended June 30, 2025 lists 27 people; 6 received compensation from the organization, the highest $403,400 (BENJAMIN BROUSSARD, EXECUTIVE DIRECTOR).
- How much revenue does NC STUDENT AID ASSOCIATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $58,813,112, expenses of $46,242,679 and total assets of $132,636,503 at year end.
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