Nonprofit · EIN 56-6045324
NORTH CAROLINA TEXTILE FOUNDATION INC
Tax-exempt · RALEIGH, NC 27695
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $11,450,249 | $5,466,543 | $5,983,706 | $104,571,165 | $356,216 | $104,214,949 |
| June 30, 2024 | 990 | $6,908,763 | $4,706,717 | $2,202,046 | $92,800,052 | $395,475 | $92,404,577 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $9,413,444
- Program service revenue
- $8,016
- Investment income
- $2,028,789
- Net gain from sales of assets
- $1,431,121
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $2,370,367
- Other salaries and wages
- $791,622
- Salaries, compensation and benefits (total)
- $791,622
- Professional fundraising fees
- $0
- Legal fees
- $50
- Accounting fees
- $47,000
- Occupancy
- $1,123
- Travel
- $116,439
- Depreciation
- $609
- Program services (functional)
- $4,031,588
- Management and general (functional)
- $790,704
- Fundraising (functional)
- $644,251
Balance sheet and other
- Total assets, start of year
- $92,800,052
- Total assets, end of year
- $104,571,165
- Total liabilities, end of year
- $356,216
- Net assets, end of year
- $104,214,949
- Land, buildings and equipment
- $507
- Publicly traded securities
- $1,691,010
- Net assets without donor restrictions
- $5,960,830
- Net assets with donor restrictions
- $98,254,119
- Gross receipts
- $24,248,556
- Employees
- 19
- Volunteers
- 20
- Year formed
- 1942
- 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 |
|---|---|---|---|---|---|
| DANA R HARRIS | ASST. TREASURER Officer | 1 | $0 | $290,290 | $79,282 |
| DAVID HINKS | DIRECTOR Trustee or director | 1 | $0 | $312,569 | $51,930 |
| MICHAEL WARD | EXECUTIVE DIRECTOR Officer | 1 | $0 | $205,771 | $56,103 |
| ERIN DELEHANTY | ASST. TREASURER Officer | 1 | $0 | $193,638 | $55,581 |
| AMY BIRCHER BRUYN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TAMMY BUCKNER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ELIZABETH C CALABRESE | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JOHNNY L CHAPMAN JR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RICK ELMORE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHARLES FLYNT JR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DENNIS GOFF | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MATTHEW GRIFFITH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHARLES HEILIG III | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| WESLEY HORNE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KENNETH T HUGGINS | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
10 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELAINE HUGHES | DIRECTOR Trustee or director | 1 | $0 |
| SHERRY MCCRAW | DIRECTOR Trustee or director | 1 | $0 |
| MINDY OAKLEY | DIRECTOR Trustee or director | 1 | $0 |
| LEIB OEHMIG | SECRETARY Trustee or director, Officer | 1 | $0 |
| PRASHANT PRABHU | DIRECTOR Trustee or director | 1 | $0 |
| GEORGE RAGSDALE | DIRECTOR Trustee or director | 1 | $0 |
| MELISSA STEWART | DIRECTOR Trustee or director | 1 | $0 |
| BRENDAN SULLIVAN | DIRECTOR Trustee or director | 1 | $0 |
| NANCY WEBSTER | PRESIDENT Trustee or director, Officer | 1 | $0 |
| ROBIN PERKINS | DIRECTOR UNTIL 11/30/24 Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 22 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DANA HARRIS | ASST. TREASURER Officer | 1 | $0 | $279,586 | $76,575 |
| DAVID HINKS | DIRECTOR Trustee or director | 1 | $0 | $297,448 | $48,659 |
| ERIN DELEHANTY | ASST. TREASURER Officer | 1 | $0 | $188,285 | $53,735 |
| BRENDAN SULLIVAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHARLES FLYNT JR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHARLES HEILIG III | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DENNIS GOFF | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ELAINE HUGHES | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| GEORGE RAGSDALE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOHNNY CHAPMAN JR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MATTHEW GRIFFITH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MINDY OAKLEY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PRASHANT PRABHU | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RICK ELMORE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ROBIN PERKINS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SHERRY MCCRAW | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TAMMY BUCKNER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| WESLEY HORNE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| NANCY WEBSTER | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ELIZABETH CALABRESE | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| LEIB OEHMIG | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| KENNETH HUGGINS | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- NCSU BOX 7207, RALEIGH, NC 27695-7207
- Principal officer (990 for 2024)
- ERIN DELEHANTY, NCSU BOX 7207, RALEIGH, NC 276957207
- Signed the 990
- ERIN DELEHANTY, ASSISTANT TREASURER
- Phone
- (919) 513-7149
- Return prepared by
- JAMES MOORE & CO PL
Mission
TO ADVANCE WILSON COLLEGE OF TEXTILES THROUGH ENGAGEMENT, PARTNERSHIP AND PHILANTHROPY. AS A CHARITABLE ORGANIZATION, THE FOUNDATION SUPPORTS THE COLLEGE AND DEAN OF THE COLLEGE AND SUCH SUPPORT SHALL INCLUDE BUT IS NOT LIMITED TO PROVIDING FUNDS FOR SCHOLARSHIPS TO DESERVING UNDERGRADUATE AND GRADUATE STUDENTS; RECRUITMENT AND RETENTION OF HIGHLY QUALIFIED STUDENTS, EDUCATORS AND RESEARCHERS; AND PLACEMENT OF GRADUATES. THE FOUNDATION ALSO ASSISTS IN THE ACQUISITION AND MAINTENANCE OF STATE-OF-THE-ART EQUIPMENT AND FACILITIES FOR RESEARCH AND EDUCATION.
Program accomplishments
- THE FOUNDATION SUPPORTS THE COLLEGE OF TEXTILES AT NORTH CAROLINA STATE UNIVERSITY THROUGH GRANTS FOR FACILITIES, FACULTY, FELLOWSHIPS, SCHOLARSHIPS AND EQUIPMENT.Expenses $4,031,588 · grants $2,370,367 · revenue $8,016
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
- 56-6045324
- 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
- 1943
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B11)
- Assets (IRS master file)
- $104,571,165
- Income (IRS master file)
- $24,248,556
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $11,450,249 | $5,466,543 | $104,571,165 | XML |
| 990 | June 2024 | $6,908,763 | $4,706,717 | $92,800,052 | XML |
| 990 | June 2023 | $6,538,403 | $4,719,381 | $84,202,750 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 56-6045324).
Questions about NORTH CAROLINA TEXTILE FOUNDATION INC
- What is the EIN of NORTH CAROLINA TEXTILE FOUNDATION INC?
- The employer identification number (EIN) of NORTH CAROLINA TEXTILE FOUNDATION INC is 56-6045324.
- Is NORTH CAROLINA TEXTILE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1943.
- Are donations to NORTH CAROLINA TEXTILE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NORTH CAROLINA TEXTILE 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 TEXTILE 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 TEXTILE 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 TEXTILE FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names ERIN DELEHANTY.
- Who are the officers and directors of NORTH CAROLINA TEXTILE FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 25 people; 0 received compensation from the organization.
- How much revenue does NORTH CAROLINA TEXTILE FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $11,450,249, expenses of $5,466,543 and total assets of $104,571,165 at year end.
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