The Elizabeth City State Univ Foundation

“The 990 was sent to the board chair and vice chairman for review prior to filing.”

“All board members are required to sign a form disclosing any conflicts of interest. No officer, director, or employee having a private business interest in a foundation business transaction may be involved in the decision with respect to whether the foundation should enter into such transaction. Should a conflict arise, at the request of the chancellor, president, or the board chair, the member must meet with the requested person, his or her designee, or the internal auditor/audit committee of the foundation and allow that person to inspect documentation related to the conflict for a resolution.”

“The foundation does not have employees. Employees are employees of the university and are subject to compensation guidelines of the state of nc in order to assure reasonableness.”

“Governing documents are available upon request.”

“The ecsu foundation mission is to serve as the steward of private contributions to elizabeth city state university in order to provide educational assistance for students, to support faculty, and to secure the operational needs of the university. The foundation receives, invests, and administers funds received, as a result of charitable contributions from the private sector, on behalf of the students and programs at ecsu and, as a result, for the greater good of the community. The foundation secures and manages funds, on behalf of ecsu, to establish scholarships, support distinguished professorships, and deliver both academic and community outreach programming. In all its efforts, the ecsu foundation is dedicated to the advancement and promotion of elizabeth city state university. One of the main fundraising events is the annual founder's day gala, held in the founding month of march. During the past 16 years, the founders day scholarship gala has helped raise more than $1.5 million for student scholarships.”

“Contracted services: program service expenses 105,933. Management and general expenses 70,622. Fundraising expenses 0. Total expenses 176,555. Other services: program service expenses 183,867. Management and general expenses 122,578. Fundraising expenses 0. Total expenses 306,445.”