Nonprofit · EIN 56-0769351
NORTH CAROLINA STATE UNIVERSITY FACULTY CLUB INC
Tax-exempt · RALEIGH, NC 27636
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $6,746,457 | $5,814,945 | $931,512 | $21,019,067 | $3,491,676 | $17,527,391 |
| December 31, 2023 | 990 | $6,256,398 | $5,202,070 | $1,054,328 | $20,880,766 | $4,352,281 | $16,528,485 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $5,012,061
- Investment income
- $300,806
- Net gain from sales of assets
- $1,660
- Net income from sales of inventory
- $1,338,473
- Other revenue
- $1,433,590
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $2,541,209
- Salaries, compensation and benefits (total)
- $2,945,536
- Professional fundraising fees
- $0
- Occupancy
- $317,022
- Travel
- $43,108
- Depreciation
- $663,167
- Program services (functional)
- $3,455,505
- Management and general (functional)
- $2,359,440
Balance sheet and other
- Total assets, start of year
- $20,880,766
- Total assets, end of year
- $21,019,067
- Total liabilities, end of year
- $3,491,676
- Net assets, end of year
- $17,527,391
- Land, buildings and equipment
- $12,305,036
- Publicly traded securities
- $1,592,647
- Gross receipts
- $7,831,723
- Employees
- 160
- Volunteers
- 0
- Year formed
- 1958
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES C WHITE | HIGHEST COMPENSATED EMPLOY Highest-paid employee | 40 | $207,160 |
| JAMES IVANKOVICH | EXECUTIVE DIRECTOR Officer | 40 | $199,696 |
| DR CAROL FIGUERS | SECRETARY Trustee or director, Officer | 1 | $0 |
| ANNA MARIA TAYLOR | PAST PRESIDENT Trustee or director | 1 | $0 |
| SAM JOHNS | DIRECTOR Trustee or director | 1 | $0 |
| MATTHEW ZAYTOUN | DIRECTOR Trustee or director | 1 | $0 |
| DEREK BRYAN | DIRECTOR Trustee or director | 1 | $0 |
| TOM CHILDREY | DIRECTOR Trustee or director | 1 | $0 |
| JEFFERY HASTINGS | PRESIDENT Trustee or director, Officer | 1 | $0 |
| DAVE CORSETTI | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| GREG RACSHKE | TREASURER Trustee or director, Officer | 1 | $0 |
| DOUG SHIVELER | DIRECTOR Trustee or director | 1 | $0 |
| SKIP WENTZ | DIRECTOR Trustee or director | 1 | $0 |
| PHIL JONES | DIRECTOR Trustee or director | 1 | $0 |
| BLAINE SMITH | DIRECTOR Trustee or director | 1 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KENNY KRAUSE | DIRECTOR Trustee or director | 1 | $0 |
| EMMA GOERING | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES C WHITE | HIGHEST COMPENSATED EMPLOY Highest-paid employee | 40 | $209,827 |
| JAMES IVANKOVICH | EXECUTIVE DIRECTOR Officer | 40 | $180,696 |
| DR CAROL FIGUERS | DIRECTOR Trustee or director | 1 | $0 |
| ANNA MARIA TAYLOR | PAST PRESIDENT Trustee or director | 1 | $0 |
| SAM JOHNS | DIRECTOR Trustee or director | 1 | $0 |
| JUSTUS EVERETT | DIRECTOR Trustee or director | 1 | $0 |
| DEREK BRYAN | DIRECTOR Trustee or director | 1 | $0 |
| TOM CHILDREY | DIRECTOR Trustee or director | 1 | $0 |
| JEFFERY HASTINGS | PRESIDENT Trustee or director, Officer | 1 | $0 |
| DAVE CORSETTI | SECRETARY Trustee or director, Officer | 1 | $0 |
| GREG RACSHKE | DIRECTOR Trustee or director | 1 | $0 |
| HEATHER HORTON | TREASURER Trustee or director, Officer | 1 | $0 |
| CHARLES RAPHUN | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| PHIL JONES | DIRECTOR Trustee or director | 1 | $0 |
| BLAINE SMITH | DIRECTOR Trustee or director | 1 | $0 |
| KENNY KRAUSE | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL LEMING | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 33067, RALEIGH, NC 27636-3067
- In care of
- % JAMES IVANKOVICH GENERAL MANAGER
- Principal officer (990 for 2024)
- JEFFERY HASTINGS, PO BOX 33067, RALEIGH, NC 27636
- Signed the 990
- GREG RASCHKE, TREASURER
- Phone
- (919) 828-0308
- Return prepared by
- BATCHELOR TILLERY & ROBERTS LLP
Mission
HAVING STRONG TIES TO THE UNIVERSITY, THE NC STATE UNIVERSITY CLUB PROVIDES ENRICHING SOCIAL EXPERIENCES, PERSONALIZED SERVICE AND ACCESS TO ATHLETIC AND RECREATIONAL PROGRAMS WHILE NURTURING A CULTURE OF FRIENDSHIP AND FELLOWSHIP FOR OUR MEMBERS, THEIR FAMILIES AND GUESTS.
Program accomplishments
- PROVISION OF RECREATIONAL FACILITIES AND ACTIVITIES FOR THE PARTICIPATING MEMBERS OF NORTH CAROLINA STATE UNIVERSITYExpenses $3,455,505 · revenue $6,445,651
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 56-0769351
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1990
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N6A)
- Assets (IRS master file)
- $21,019,067
- Income (IRS master file)
- $7,831,723
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $6,746,457 | $5,814,945 | $21,019,067 | XML |
| 990 | December 2023 | $6,256,398 | $5,202,070 | $20,880,766 | XML |
| 990 | December 2022 | $5,764,962 | $4,108,618 | $17,723,148 | IRS |
| 990 | December 2021 | $7,548,091 | $3,370,968 | $15,275,045 | IRS |
| 990 | December 2020 | $3,700,158 | $3,152,363 | $9,800,724 | 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 56-0769351).
Questions about NORTH CAROLINA STATE UNIVERSITY FACULTY CLUB INC
- What is the EIN of NORTH CAROLINA STATE UNIVERSITY FACULTY CLUB INC?
- The employer identification number (EIN) of NORTH CAROLINA STATE UNIVERSITY FACULTY CLUB INC is 56-0769351.
- Is NORTH CAROLINA STATE UNIVERSITY FACULTY CLUB INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1990.
- Are donations to NORTH CAROLINA STATE UNIVERSITY FACULTY CLUB INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NORTH CAROLINA STATE UNIVERSITY FACULTY CLUB 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 STATE UNIVERSITY FACULTY CLUB INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NORTH CAROLINA STATE UNIVERSITY FACULTY CLUB INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of NORTH CAROLINA STATE UNIVERSITY FACULTY CLUB INC?
- The 990 for the year ended December 31, 2024 names JEFFERY HASTINGS.
- Who are the officers and directors of NORTH CAROLINA STATE UNIVERSITY FACULTY CLUB INC?
- The 990 for the year ended December 31, 2024 lists 17 people; 2 received compensation from the organization, the highest $207,160 (JAMES C WHITE, HIGHEST COMPENSATED EMPLOY).
- How much revenue does NORTH CAROLINA STATE UNIVERSITY FACULTY CLUB INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $6,746,457, expenses of $5,814,945 and total assets of $21,019,067 at year end.
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All nonprofits in RALEIGH · North Carolina · Recreation and sports