Liabilities / Assets
63rd percentile
Higher debt load relative to assets than 63% of similar nonprofits.
Fayetteville State University Foundation Inc.
990 • Fiscal year 2017 • EIN 23-7029901
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.52x
Liabilities / Revenue
90th percentile
Higher debt load relative to revenue than 90% of similar nonprofits.
Net Margin
93rd percentile
Higher net margin than 93% of similar nonprofits.
Top Officer Pay
20th percentile
Higher top officer pay than 20% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
52nd percentile
Faster asset growth than 52% of similar nonprofits.
Revenue Growth
92nd percentile
Faster revenue growth than 92% of similar nonprofits.
Balance Sheet
Assets
Up$20,238,477
Up $1,008,897 (+5.2%) from 2016
Net Assets
Up$9,803,694
Up $2,819,419 (+40%) from 2016
Liabilities
Down$10,434,783
Down $1,810,522 (-15%) from 2016
Revenue And Expenses
Revenue
Up$4,391,494
Up $1,816,907 (+71%) from 2016
Expenses
Down$2,190,514
Down $188,922 (-7.9%) from 2016
Net Income
Up$2,200,980
Up $2,005,829 (+1028%) from 2016
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2016 to Jun 30, 2017
- Signed
- Aug 18, 2017
- Return Version
- 2016v3.0
- Gross Receipts
- $12,498,835
Mission and Program Overview
Mission
To raise and disburse funds for programs that will further the educational purposes of fayetteville state university.
A. To solicit, receive, hold, manage and disburse contributions, gifts, grants, bequests and transfers of funds or property of any nature for the benefit of fayetteville state university, its students, faculty and staff. To use the name of the university in any way which will benefit and enrich or enlarge upon its facilities and programs in accord with the direction of the donors and acceptable to the administrative officials of the university. B. To act as trustee, escrow or disbursing agent with respect to any endowment, gift, grants, contributions or bequests made for the benefit of fayetteville state university, its students, faculty and staff, under the terms of the trustor or donor and to carry on such functions as will accomplish the purpose and intent of the gift, endowment, trust or grant. C. To sponsor, encourage, conduct and render financial assistance in student aid programs, alumni events, public relations activities, faculty supplements, curriculum enrichment programs, re
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Other Notes and Loans Receivable, Net | - | $10,150,000 | - |
| Investments in Publicly Traded Securities | $5,021,674 | $5,613,821 | ▲ $592,147 |
| Cash and Non-Interest-Bearing Accounts | $3,894,123 | $3,197,519 | ▼ $696,604 |
| Accounts Receivable | $1,072,002 | $753,245 | ▼ $318,757 |
| Land, Buildings, and Equipment, Net | $8,762,755 | $475,922 | ▼ $8,286,833 |
| Total Assets | $19,226,886 | $20,238,477 | ▲ $1,011,591 |
| Other Assets Total | $476,332 | $47,970 | ▼ $428,362 |
| Liabilities | |||
| Other Liabilities | $12,236,332 | $10,230,015 | ▼ $2,006,317 |
| Accounts Payable and Accrued Expenses | $6,279 | $204,768 | ▲ $198,489 |
| Total Liabilities | $12,242,611 | $10,434,783 | ▼ $1,807,828 |
| Net Assets / Fund Balance | |||
| Temporarily Rstr Net Assets | $6,410,402 | $4,381,199 | ▼ $2,029,203 |
| Permanently Rstr Net Assets | $3,106,331 | $3,307,316 | ▲ $200,985 |
| Unrestricted Net Assets | $-2,532,458 | $2,115,179 | ▲ $4,647,637 |
| Total Net Assets Fund Balance | $6,984,275 | $9,803,694 | ▲ $2,819,419 |
| Total Liabilities and Net Assets / Fund Balance | $19,226,886 | $20,238,477 | ▲ $1,011,591 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Land | $475,922 | - | - |
Endowment Activity
| Period | Beginning | Contrib. | Gain/Loss | Other Uses | End |
|---|---|---|---|---|---|
| 2015 | $5,493,737 | $99,516 | ▼ $88,888 | $19,314 | $5,459,840 |
| 2014 | $4,983,450 | $136,480 | ▲ $423,850 | $27,375 | $5,493,737 |
| 2013 | $4,525,395 | - | ▲ $551,204 | $74,153 | $4,983,450 |
| 2012 | $3,988,867 | $212,170 | ▲ $384,770 | $43,735 | $4,525,395 |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| Earnest Curry | Chair |
| Alice Stephenson | Vice Chair |
| Brenda Freeman | Director |
| Chester Dilday | Director |
| Donald Porter | Director |
| Dr George Hood | Director |
| Dr Jon Young | Director |
| Dr Valerie Wynne-hall | Director |
| Elliot Jackson | Director |
| Fred Waddell | Director |
| Gina Roulhac | Director |
| Gloria Carter | Director |
| Harry Shaw | Director |
| Jeremy Coble | Director |
| Lila Washington | Director |
| Raymond Privott | Director |
| Richard Kingsberry | Director |
| Willie Gray | Director |
| Wilson Lacy | Director |
| Dr James Anderson | Chancellor |
| Jeffery Womble | Intexe Dir/s |
| Yolanda Bonnette | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $345,634
- Program Service Revenue
- $1,878,196
- Investment Income
- $2,167,664
- Other Revenue
- $0
- All Other Contributions
- $345,634
- Change in Net Assets
- $2,200,980
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $4,391,494
- Total Revenue per Audited Statements
- $4,391,494
- Total Revenue per Form 990
- $4,391,494
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $2,190,514 |
| Total Fundraising Expense | $23,208 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Fees for Services Other | $678,613 | - | - | $678,613 |
| Interest | $369,167 | - | - | $369,167 |
| Depreciation Depletion | $179,492 | - | - | $179,492 |
| All Other Expenses | $52,138 | $21,075 | $17,223 | $90,436 |
| Other Expenses | $5,929 | $27,033 | $5,985 | $32,962 |
| Insurance | - | $525 | - | $525 |
| Total Functional Expenses | $2,111,679 | $55,627 | $23,208 | $2,190,514 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $2,190,514 |
| Total Expenses per Audited Statements | $2,190,514 |
| Total Expenses per Form 990 | $2,190,514 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Long Term Debt | $10,150,000 |
| Interest Payable | $47,970 |
| Due to Fayetteville State | $32,045 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- Yes
- Audit committee
- Yes
- Business relationship with family members
- No
- Business relationship with organization members
- No
- Material changes to governing documents
- No
- Compensation from other sources disclosed
- No
- CEO compensation reviewed
- Yes
- Other officer compensation reviewed
- Yes
- Conflict-of-interest policy
- Yes
- Audited financial statements prepared
- No
- Key decisions subject to board approval
- No
- Management duties delegated
- No
Governance Explanations
Form 990, Page 6, Part VI, Line 11B
“Reviewed by board of directors and responsible financial personnel.”
Form 990, Page 6, Part VI, Line 12C
“Conflicts of interest are resolved by the board of directors.”
Form 990, Page 6, Part VI, Line 15A
“Not applicable; all volunteer organization.”
Form 990, Page 6, Part VI, Line 15B
“Not applicable; all volunteer organization.”
Form 990, Page 6, Part VI, Line 19
“Made available upon request.”
Filing and Contact Details
Filer
- Filer Name
- Fayetteville State University
- EIN
- 23-7029901
- Phone
- 9106721111
- Address
- 1200 MURCHISON ROAD, FAYETTEVILLE, NC 28301-4252
Signing Officer
- Name
- Earnest Curry
- Title
- Chair
- Phone
- 9106721111
- Signed
- 2017-08-18
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Earnest Curry
- Formed
- 1969
- Legal Domicile
- Nc
- Voting Board Members
- 22
- Independent Board Members
- 22
- Employees
- 0
Preparer
- Firm
- Buie Norman & Co Pa
- Address
- PO BOX 87047, FAYETTEVILLE, NC 28304
- Preparer
- Larry L Bass
- Phone
- 9104840145
Supplemental Narrative
Additional Explanations
FORM 990 - ORGANIZATION'S MISSION
“A. To solicit, receive, hold, manage and disburse contributions, gifts, grants, bequests and transfers of funds or property of any nature for the benefit of fayetteville state university, its students, faculty and staff. To use the name of the university in any way which will benefit and enrich or enlarge upon its facilities and programs in accord with the direction of the donors and acceptable to the administrative officials of the university. B. To act as trustee, escrow or disbursing agent with respect to any endowment, gift, grants, contributions or bequests made for the benefit of fayetteville state university, its students, faculty and staff, under the terms of the trustor or donor and to carry on such functions as will accomplish the purpose and intent of the gift, endowment, trust or grant. C. To sponsor, encourage, conduct and render financial assistance in student aid programs, alumni events, public relations activities, faculty supplements, curriculum enrichment programs, research projects and studies as approved by the proper authorities of the university.”
Form 990, Page 1, Part I, Line 6
“Volunteering services to accomplish the organization's mission.”
Form 990, Page 2, Part III, Line 4A
“Accomplish the purpose and intent of the gift, endowment, trust or grant. C. To sponsor, encourage, conduct and render financial assistance in student aid programs, alumni events, public relations activities, faculty supplements, curriculum enrichment programs, research projects and studies as approved by the proper authorities of the university.”
Form 990, Part IX, Line 11G
“Rental operation expenses 445,571 0 0 bond closing costs 233,042 0 0 total 678,613 0 0”
Raw XML AppendixShowing 400 of 493 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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|---|---|---|
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| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 6279 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 204768 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 1072002 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 753245 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | A. TO SOLICIT, RECEIVE, HOLD, MANAGE AND DISBURSE CONTRIBUTIONS, GIFTS, GRANTS, BEQUESTS AND TRANSFERS OF FUNDS OR PROPERTY OF ANY NATURE FOR THE BENEFIT OF FAYETTEVILLE STATE UNIVERSITY, ITS STUDENTS, FACULTY AND STAFF. TO USE THE NAME OF THE UNIVERSITY IN ANY WAY WHICH WILL BENEFIT AND ENRICH OR ENLARGE UPON ITS FACILITIES AND PROGRAMS IN ACCORD WITH THE DIRECTION OF THE DONORS AND ACCEPTABLE TO THE ADMINISTRATIVE OFFICIALS OF THE UNIVERSITY. B. TO ACT AS TRUSTEE, ESCROW OR DISBURSING AGENT WITH RESPECT TO ANY ENDOWMENT, GIFT, GRANTS, CONTRIBUTIONS OR BEQUESTS MADE FOR THE BENEFIT OF FAYETTEVILLE STATE UNIVERSITY, ITS STUDENTS, FACULTY AND STAFF, UNDER THE TERMS OF THE TRUSTOR OR DONOR AND TO CARRY ON SUCH FUNCTIONS AS WILL ACCOMPLISH THE PURPOSE AND INTENT OF THE GIFT, ENDOWMENT, TRUST OR GRANT. C. TO SPONSOR, ENCOURAGE, CONDUCT AND RENDER FINANCIAL ASSISTANCE IN STUDENT AID PROGRAMS, ALUMNI EVENTS, PUBLIC RELATIONS ACTIVITIES, FACULTY SUPPLEMENTS, CURRICULUM ENRICHMENT PROGRAMS, RE |
| IRS990/AllOtherContributionsAmt | 0 | 345634 |
| IRS990/AllOtherExpensesGrp/FundraisingAmt | 0 | 17223 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 21075 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 52138 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 90436 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/AuditCommitteeInd | 0 | true |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | FSU FOUNDATION |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 9106721084 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1200 MURCHISON RD |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | FAYETTEVILLE |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NC |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 28301 |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
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| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 3197519 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | true |
| IRS990/CompensationProcessOtherInd | 0 | true |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 345634 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 2167664 |
| IRS990/CYOtherExpensesAmt | 0 | 2190514 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 1878196 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 2200980 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 2190514 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 23208 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 4391494 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 179492 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 179492 |
| IRS990/Desc | 0 | A. TO SOLICIT, RECEIVE, HOLD, MANAGE AND DISBURSE CONTRIBUTIONS, GIFTS, GRANTS, BEQUESTS AND TRANSFERS OF FUNDS OR PROPERTY OF ANY NATURE FOR THE BENEFIT OF FAYETTEVILLE STATE UNIVERSITY, ITS STUDENTS, FACULTY AND STAFF. TO USE THE NAME OF THE UNIVERSITY IN ANY WAY WHICH WILL BENEFIT AND ENRICH OR ENLARGE UPON ITS FACILITIES AND PROGRAMS IN ACCORD WITH THE DIRECTION OF THE DONORS AND ACCEPTABLE TO THE ADMINISTRATIVE OFFICIALS OF THE UNIVERSITY. B. TO ACT AS TRUSTEE, ESCROW OR DISBURSING AGENT WITH RESPECT TO ANY ENDOWMENT, GIFT, GRANTS, CONTRIBUTIONS OR BEQUESTS MADE FOR THE BENEFIT OF FAYETTEVILLE STATE UNIVERSITY, ITS STUDENTS, FACULTY AND STAFF, UNDER THE TERMS OF THE TRUSTOR OR DONOR AND TO CARRY ON SUCH FUNCTIONS AS WILL ACCOMPLISH THE PURPOSE AND INTENT OF THE GIFT, ENDOWMENT, TRUST OR GRANT. C. TO SPONSOR, ENCOURAGE, CONDUCT AND RENDER FINANCIAL ASSISTANCE IN STUDENT AID PROGRAMS, ALUMNI EVENTS, PUBLIC RELATIONS ACTIVITIES, FACULTY SUPPLEMENTS, CURRICULUM ENRICHMENT PROGRAMS, RESEARCH PROJECTS AND STUDIES AS APPROVED BY THE PROPER AUTHORITIES OF THE UNIVERSITY. |
| IRS990/DescribedInSection501c3Ind | 0 | true |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | true |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/ExpenseAmt | 0 | 2111679 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 678613 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 678613 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form8282PropertyDisposedOfInd | 0 | false |
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| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
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| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
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| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | YOLANDA BONNETTE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | DR JAMES ANDERSON |
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| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | GLORIA CARTER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | BRENDA FREEMAN |
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| IRS990/Form990PartVIISectionAGrp/PersonNm | 14 | DR VALERIE WYNNE-HALL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 15 | DR JON YOUNG |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 16 | DONALD PORTER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 17 | JEREMY COBLE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 18 | RICHARD KINGSBERRY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 19 | GINA ROULHAC |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 20 | CHESTER DILDAY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 21 | ELLIOT JACKSON |
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| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 17 | 0 |
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| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 19 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 20 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 21 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 15 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 16 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 17 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 18 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 19 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 20 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 21 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | VICE CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | INTEXE DIR/S |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | CHANCELLOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 13 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 14 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 15 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 16 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 17 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 18 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 19 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 20 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 21 | DIRECTOR |
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| IRS990/FormationYr | 0 | 1969 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
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| IRS990/FSAuditedInd | 0 | true |
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| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 22 |
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| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
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| IRS990/GrossReceiptsAmt | 0 | 12498835 |
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| IRS990/IncludeFIN48FootnoteInd | 0 | false |
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| IRS990/IndependentVotingMemberCnt | 0 | 22 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartIXInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 525 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 525 |
| IRS990/InterestGrp/ProgramServicesAmt | 0 | 369167 |
| IRS990/InterestGrp/TotalAmt | 0 | 369167 |
| IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt | 0 | 125005 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 125005 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/InvestmentsPubTradedSecGrp/BOYAmt | 0 | 5021674 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 5613821 |
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| IRS990/IRPDocumentW2GCnt | 0 | 0 |
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| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 475922 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 475922 |
| IRS990/LegalDomicileStateCd | 0 | NC |
| IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt | 0 | 8107341 |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LobbyingActivitiesInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | false |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | A. TO SOLICIT, RECEIVE, HOLD, MANAGE AND DISBURSE CONTRIBUTIONS, GIFTS, GRANTS, BEQUESTS AND TRANSFERS OF FUNDS OR PROPERTY OF ANY NATURE FOR THE BENEFIT OF FAYETTEVILLE STATE UNIVERSITY, ITS STUDENTS, FACULTY AND STAFF. TO USE THE NAME OF THE UNIVERSITY IN ANY WAY WHICH WILL BENEFIT AND ENRICH OR ENLARGE UPON ITS FACILITIES AND PROGRAMS IN ACCORD WITH THE DIRECTION OF THE DONORS AND ACCEPTABLE TO THE ADMINISTRATIVE OFFICIALS OF THE UNIVERSITY. B. TO ACT AS TRUSTEE, ESCROW OR DISBURSING AGENT WITH RESPECT TO ANY ENDOWMENT, GIFT, GRANTS, CONTRIBUTIONS OR BEQUESTS MADE FOR THE BENEFIT OF FAYETTEVILLE STATE UNIVERSITY, ITS STUDENTS, FACULTY AND STAFF, UNDER THE TERMS OF THE TRUSTOR OR DONOR AND TO CARRY ON SUCH FUNCTIONS AS WILL ACCOMPLISH THE PURPOSE AND INTENT OF THE GIFT, ENDOWMENT, TRUST OR GRANT. C. TO SPONSOR, ENCOURAGE, CONDUCT AND RENDER FINANCIAL ASSISTANCE IN STUDENT AID PROGRAMS, ALUMNI EVENTS, PUBLIC RELATIONS ACTIVITIES, FACULTY SUPPLEMENTS, CURRICULUM ENRICHMENT PROGRAMS, RE |
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| IRS990/MoreThan5000KToOrgInd | 0 | false |
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| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 9803694 |
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| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | 618439 |
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| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 476332 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 47970 |
| IRS990/OtherExpensesGrp/Desc | 0 | CONTRIBUTIONS TO FSU |
| IRS990/OtherExpensesGrp/Desc | 1 | LOC STANDBY COMMISSIONS |
| IRS990/OtherExpensesGrp/Desc | 2 | OTHER SERVICES |
| IRS990/OtherExpensesGrp/Desc | 3 | FEES AND TAXES |
| IRS990/OtherExpensesGrp/FundraisingAmt | 0 | 5985 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 6994 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 27033 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 472671 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 314322 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 39347 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 5929 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 472671 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 314322 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 52326 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 32962 |
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| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 10230015 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 10150000 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | false |
| IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt | 0 | 3106331 |
| IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt | 0 | 3307316 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrincipalOfficerNm | 0 | EARNEST CURRY |
| IRS990/ProfessionalFundraisingInd | 0 | false |
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| IRS990/ProgramServiceRevenueGrp/Desc | 1 | COMMISSIONS |
| IRS990/ProgramServiceRevenueGrp/ExclusionAmt | 0 | 1877992 |
| IRS990/ProgramServiceRevenueGrp/ExclusionAmt | 1 | 204 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 1877992 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 204 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
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| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYInvestmentIncomeAmt | 0 | 12256 |
| IRS990/PYOtherExpensesAmt | 0 | 2379436 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 1937640 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 195151 |
| IRS990/PYTotalExpensesAmt | 0 | 2379436 |
| IRS990/PYTotalRevenueAmt | 0 | 2574587 |
| IRS990/QuidProQuoContributionsInd | 0 | false |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | false |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 2200980 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | true |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990ScheduleA/CollegeOrganizationInd | 0 | X |
| IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd | 0 | true |
| IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd | 0 | false |
| IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd | 0 | false |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | MARKET GAIN (LOSS) 3,244,301 RENTAL ACTIVITY - SUBSIDIARY 5,656,642 |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | PART II, LINE 10 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 345634 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 624691 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 1191396 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 1196560 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 378157 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 3736438 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 12256 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 8281 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 7225 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 6256 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 34018 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 125005 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt | 0 | 1878196 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 1937640 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 2336904 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 2418980 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 2207419 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 10779139 |
| IRS990ScheduleA/PrivateFoundation170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.25680 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.25550 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 3736438 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 345634 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 624691 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 1191396 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 1196560 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 378157 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 3736438 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 14549595 |
| IRS990/ScheduleBRequiredInd | 0 | false |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt | 0 | 25211 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 5493737 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt | 0 | 99516 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 5459840 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | -88888 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt | 0 | 19314 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt | 0 | 22668 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 4983450 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt | 0 | 136480 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 5493737 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 423850 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt | 0 | 27375 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt | 0 | 18996 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 4525395 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 4983450 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 551204 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt | 0 | 74153 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt | 0 | 16677 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 3988867 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt | 0 | 212170 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 4525395 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 384770 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt | 0 | 43735 |
| IRS990ScheduleD/EndowmentsHeldRelatedOrgInd | 0 | false |
| IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd | 0 | false |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 2190514 |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 475922 |
| IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt | 0 | 475922 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 10150000 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 47970 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 2 | 32045 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | LONG TERM DEBT |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | INTEREST PAYABLE |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 2 | DUE TO FAYETTEVILLE STATE |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 4391494 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 475922 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 2190514 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 10230015 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 4391494 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 4391494 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 2190514 |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | A. TO SOLICIT, RECEIVE, HOLD, MANAGE AND DISBURSE CONTRIBUTIONS, GIFTS, GRANTS, BEQUESTS AND TRANSFERS OF FUNDS OR PROPERTY OF ANY NATURE FOR THE BENEFIT OF FAYETTEVILLE STATE UNIVERSITY, ITS STUDENTS, FACULTY AND STAFF. TO USE THE NAME OF THE UNIVERSITY IN ANY WAY WHICH WILL BENEFIT AND ENRICH OR ENLARGE UPON ITS FACILITIES AND PROGRAMS IN ACCORD WITH THE DIRECTION OF THE DONORS AND ACCEPTABLE TO THE ADMINISTRATIVE OFFICIALS OF THE UNIVERSITY. B. TO ACT AS TRUSTEE, ESCROW OR DISBURSING AGENT WITH RESPECT TO ANY ENDOWMENT, GIFT, GRANTS, CONTRIBUTIONS OR BEQUESTS MADE FOR THE BENEFIT OF FAYETTEVILLE STATE UNIVERSITY, ITS STUDENTS, FACULTY AND STAFF, UNDER THE TERMS OF THE TRUSTOR OR DONOR AND TO CARRY ON SUCH FUNCTIONS AS WILL ACCOMPLISH THE PURPOSE AND INTENT OF THE GIFT, ENDOWMENT, TRUST OR GRANT. C. TO SPONSOR, ENCOURAGE, CONDUCT AND RENDER FINANCIAL ASSISTANCE IN STUDENT AID PROGRAMS, ALUMNI EVENTS, PUBLIC RELATIONS ACTIVITIES, FACULTY SUPPLEMENTS, CURRICULUM ENRICHMENT PROGRAMS, RESEARCH PROJECTS AND STUDIES AS APPROVED BY THE PROPER AUTHORITIES OF THE UNIVERSITY. |
Document Assets
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Filings
Displayed year
2017 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $20,238,477
- Liabilities
- $10,434,783
- Net assets
- $9,803,694
- Revenue
- $4,391,494
- Expenses
- $2,190,514
- Net income
- $2,200,980