Civic Intelligence

Aubrey Lee Brooks Foundation

990 • Fiscal year 2014 • EIN 56-6044358

Jul 01, 2013 to Jun 30, 2014 • Filed on May 14, 2015

Organization ProfileSEE STATEMENT
P O Box 1366327709-3663

(919) 549-8614

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

7th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • NTEE B • $25M-$50M nonprofits • Source year 2014

Liabilities / Revenue

7th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • NTEE B • $25M-$50M nonprofits • Source year 2014

Net Margin

87th percentile

44%

Higher net margin than 87% of similar nonprofits.

2014 filings • NTEE B • $25M-$50M nonprofits • Source year 2014

Top Officer Pay

13th percentile

$0

Higher top officer pay than 13% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • NTEE B • $25M-$50M nonprofits • Source year 2014

Asset Growth

65th percentile

10%

Faster asset growth than 65% of similar nonprofits.

2014 filings • NTEE B • $25M-$50M nonprofits • Annualized from 2013 to 2014

Revenue Growth

21st percentile

-5.9%

Faster revenue growth than 21% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2012 to 2014

Balance Sheet
Liabilities / Assets7th percentile

Assets

Up

$28,939,641

Up $2,709,541 (+10%) from 2013

Net Assets

Up

$28,939,641

Up $2,709,541 (+10%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue And Expenses
Liabilities / Revenue7th percentileNet Margin87th percentile

Revenue

$1,866,720

No earlier filing loaded for comparison.

Expenses

Up

$1,039,603

Up $44,370 (+4.5%) from 2013

Net Income

$827,117

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth65th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2011: $26,168,121Liabilities 2011: $0Net Assets 2011: $26,168,1212011Assets 2012: $24,692,947Liabilities 2012: $0Net Assets 2012: $24,692,9472012Assets 2013: $26,230,100Liabilities 2013: $0Net Assets 2013: $26,230,1002013Assets 2014: $28,939,641Liabilities 2014: $0Net Assets 2014: $28,939,6412014Assets 2015: $27,910,941Liabilities 2015: $0Net Assets 2015: $27,910,9412015Assets 2016: $26,271,633Liabilities 2016: $0Net Assets 2016: $26,271,6332016Assets 2017: $28,368,425Liabilities 2017: $0Net Assets 2017: $28,368,4252017Assets 2018: $29,968,471Liabilities 2018: $0Net Assets 2018: $29,968,4712018Assets 2019: $30,656,542Liabilities 2019: $0Net Assets 2019: $30,656,5422019Assets 2020: $30,338,718Liabilities 2020: $0Net Assets 2020: $30,338,7182020Assets 2021: $37,880,958Liabilities 2021: $0Net Assets 2021: $37,880,9582021Assets 2022: $32,037,449Liabilities 2022: $0Net Assets 2022: $32,037,4492022Assets 2023: $34,185,136Liabilities 2023: $0Net Assets 2023: $34,185,1362023Assets 2024: $37,786,129Liabilities 2024: $0Net Assets 2024: $37,786,1292024Assets 2025: $40,847,002Liabilities 2025: $0Net Assets 2025: $40,847,0022025

Highlighted filing

2014

Assets$28,939,641
Liabilities$0
Net Assets$28,939,641
Open 2014 Filing

Operations Trend

Revenue Growth21st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,949,950Expenses 2011: $841,688Net Income 2011: $1,108,2622011Revenue 2012: $2,106,770Expenses 2012: $923,938Net Income 2012: $1,182,8322012Expenses 2013: $995,2332013Revenue 2014: $1,866,720Expenses 2014: $1,039,603Net Income 2014: $827,1172014Revenue 2015: $2,150,643Expenses 2015: $1,101,895Net Income 2015: $1,048,7482015Revenue 2016: $732,850Expenses 2016: $1,035,928Net Income 2016: -$303,0782016Revenue 2017: $2,235,752Expenses 2017: $994,117Net Income 2017: $1,241,6352017Revenue 2018: $1,411,636Expenses 2018: $1,022,423Net Income 2018: $389,2132018Revenue 2019: $1,373,691Expenses 2019: $1,140,594Net Income 2019: $233,0972019Revenue 2020: $1,256,720Expenses 2020: $1,003,650Net Income 2020: $253,0702020Revenue 2021: $2,476,084Expenses 2021: $1,146,596Net Income 2021: $1,329,4882021Revenue 2022: $2,696,989Expenses 2022: $1,177,276Net Income 2022: $1,519,7132022Revenue 2023: $940,010Expenses 2023: $865,279Net Income 2023: $74,7312023Revenue 2024: $1,396,166Expenses 2024: $1,240,137Net Income 2024: $156,0292024Revenue 2025: $2,712,917Expenses 2025: $1,172,032Net Income 2025: $1,540,8852025

Highlighted filing

2014

Revenue$1,866,720
Expenses$1,039,603
Net Income$827,117
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 14, 2015
Return Version
2013v4.0
Gross Receipts
$2,270,805
Mission and Program Overview

Mission

To promote the education of deserving youth from a 14-county area of north carolina by providing scholarships at the university of north carolina at chapel hill, north carolina state university in raleigh, or the university of north carolina at greensboro.

Providing scholarships to three north carolina universities

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$25,062,285$28,218,966▲ $3,156,681
Savings and Temporary Cash Investments$1,159,591$720,675▼ $438,916
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$26,230,100$28,939,641▲ $2,709,541
Other Assets Total$8,224--
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Temporarily Rstr Net Assets$25,250,100$27,959,641▲ $2,709,541
Permanently Rstr Net Assets$980,000$980,000→ $0
Total Net Assets Fund Balance$26,230,100$28,939,641▲ $2,709,541
Total Liabilities and Net Assets / Fund Balance$26,230,100$28,939,641▲ $2,709,541

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$25,000$25,000

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$24,692,947-▲ $3,749,144$10,097$27,402,488
2012$24,692,947-▲ $2,532,386$5,292$26,230,100
2011$26,168,121-▼ $551,236$3,523$24,692,947
2010$22,188,419-▲ $4,821,390$4,559$26,168,121
2009$20,755,533-▲ $2,222,083$4,475$22,188,419
Compensation and Service Providers
Top Officer Pay13th percentile

Board Members and Trustees

NameTitle
Sharon GrubbDirector
Ann LemmonTrustee
Carol L FoltTrustee
Charles E PerusseTrustee
Helen E BrooksTrustee
James Taylor Brooks JrTrustee
Linda P BradyTrustee
Phyllis BrooksTrustee
Sherrill M LybrookTrustee
Thomas RossTrustee
William R WoodsonTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$1,865,603
Other Revenue
$1,117
Change in Net Assets
$827,117

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,866,720
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,882,424
Total Revenue per Audited Statements
$3,749,144
Total Revenue per Form 990
$1,866,720
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$912,868
Other Expenses$126,735
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$912,868--$912,868
Fees for Service Investment Mgmnt Fees-$115,336-$115,336
Conferences and Meetings$5,293--$5,293
Other Expenses$4,804--$4,804
Office Expenses-$1,302-$1,302
Total Functional Expenses$922,965$116,638$0$1,039,603

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,039,603
Total Expenses per Audited Statements$1,039,603
Total Expenses per Form 990$1,039,603
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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
No
Other officer compensation reviewed
No
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, Part VI, Section A, line 2

“Four members of the board of trustees are grandchildren of the original donor who created the foundation.”

Form 990, Part VI, Section A, line 8A

“The board of trustees of the foundation did not meet during the year ended june 30, 2014.”

Form 990, Part VI, Section B, line 11

“Form 990 is distrbuted to each board member upon filing with the internal revenue service.”

Form 990, Part VI, Section B, line 12C

“All trustees of the foundation are reminded annually that they must disclose any interests that could give rise to a conflict of interest to the board. In addition, the trustees are required to sign a written conflict of interest policy annually.”

Form 990, Part VI, Section C, line 19

“The foundation's governing documents, conflict of interest policy, financial statements, and form 990 for the past three years are available upon request at the offices of the north carolina state education assistance authority which provides central administration for the foundation.”

Filing and Contact Details

Filer

EIN
56-6044358
Phone
9195498614

Signing Officer

Name
Sharon Grubb
Title
Secretary & Director
Phone
9192484642
Signed
2015-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sharon Grubb
Formed
1955
Legal Domicile
Nc
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
0

Preparer

Preparer
Christopher Duffus
Phone
9197829265
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Lince 2C:

“The organization did not change either its audit oversight process or audit selection process during the tax year.”

Form 990, Part 1, Line J

“ALTHOUGH THE FOUNDATION DOES NOT MAINTAIN ITS OWN WEBSITE, INFORMATION ABOUT THE SCHOLARSHIPS OFFERED BY THE FOUNDATION CAN BE FOUND AT THE FOLLOWING WEB ADDRESS: www.ncseaa.edu/brooks.htm”

Financial Statement Notes

Form 990, Schedule D, Part V, Line 4

“The foundation's endowment fund is the sole means of revenue of the foundation. It is intended to generate enough income to support the operations of the foundation each year, and also to provide growth to offset future inflation.”

Raw XML AppendixShowing 400 of 430 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.

Path#Value
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IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0PROVIDING SCHOLARSHIPS TO THREE NORTH CAROLINA UNIVERSITIES
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IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01159591
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0720675
IRS990ScheduleA/Contribution35ControlledInd00
IRS990ScheduleA/ContributionControllerInd00
IRS990ScheduleA/ContributionFamilyInd00
IRS990ScheduleA/SupportedOrganizationsTotalCnt03
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0566000756
IRS990ScheduleA/SupportedOrgInformationGrp/EIN1566001393
IRS990ScheduleA/SupportedOrgInformationGrp/EIN2566001468
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd11
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd21
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeDesc02
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeDesc12
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeDesc22
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0327679
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt1473233
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt2111956
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine10NC STATE UNIVERSITY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine11UNC-CHAPEL HILL
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine12UNC-GREENSBORO
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrgNotifiedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrgNotifiedInd11
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrgNotifiedInd21
IRS990ScheduleA/SupportedOrgInformationGrp/USOrganizedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/USOrganizedInd11
IRS990ScheduleA/SupportedOrgInformationGrp/USOrganizedInd21
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0912868
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt0116638
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt024692947
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt027402488
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0912868
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt03749144
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt010097
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0114861
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt024692947
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt026230100
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0875080
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02532386
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt05292
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0109838
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt026168121
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt024692947
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0810577
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-551236
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt03523
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0110197
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt022188419
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt026168121
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0726932
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt04821390
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt04559
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0100640
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt020755533
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt022188419
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0684082
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02222083
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt04475
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt025000
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt025000
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01039603
IRS990ScheduleD/NetUnrealizedGainsInvstAmt01882424
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.03390
IRS990ScheduleD/RevenueNotReportedAmt01882424
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01866720
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION'S ENDOWMENT FUND IS THE SOLE MEANS OF REVENUE OF THE FOUNDATION. IT IS INTENDED TO GENERATE ENOUGH INCOME TO SUPPORT THE OPERATIONS OF THE FOUNDATION EACH YEAR, AND ALSO TO PROVIDE GROWTH TO OFFSET FUTURE INFLATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, SCHEDULE D, PART V, LINE 4
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.96610
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01039603
IRS990ScheduleD/TotalRevenuePerForm990Amt01866720
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03749144
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01039603
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0473233
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt1327679
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt2111956
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS TO THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1SCHOLARSHIPS TO NORTH CAROLINA STATE UNIVERSITY IN RALEIGH
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt2SCHOLARSHIPS TO THE UNIVERSITY OF NORTH CAROLINA AT GREENSBORO
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt034
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt124
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt29
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0COUNTY COMMITTEES CHOOSE SCHOLARSHIP RECIPIENTS BASED ON FINANCIAL NEED, MERIT, LEADERSHIP, CHARACTER, AND THE WILL OF THE RECIPIENT TO HELP HIMSELF OR HERSELF PREPARE FOR A CAREER AS A USEFUL AND INFORMED CITIZEN. THESE COMMITTEES ARE OVERSEEN BY A CENTRAL COMMITTEE COMPOSED OF SCHOLARSHIP, FINANCIAL AND ENROLLMENT SPECIALISTS FROM THE THREE UNIVERSITIES. TUITION PAYMENTS ARE DISBURSED DIRECTLY TO THE UNIVERSITIES. EACH UNIVERSITY MONITORS THEIR SCHOLARSHIP RECIPIENTS FOR CONTINUING ELIGIBILITY IN TERMS OF FINANCIAL NEED, FULL-TIME ENROLLMENT, AN ACCEPTABLE CUMULATIVE GRADE POINT AVERAGE, AND GOOD CITIZENSHIP. SCHOLARSHIP PAYMENTS FOR A ONE-TIME COMPUTER ALLOWANCE AND FOR SUMMER INTERNSHIPS, RESEARCH OR STUDY ABROAD ARE MONITORED BY THE NORTH CAROLINA STATE EDUCATION ASSISTANCE AUTHORITY THROUGH EXAMINATION OF RECEIPTS, TIME SHEETS SIGNED BY THE EMPLOYER, PROGRAM COSTS AND BUDGETS PUBLISHED BY THE SPONSORING SCHOOL, AND OTHER EVIDENCIARY MATERIAL.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FOUR MEMBERS OF THE BOARD OF TRUSTEES ARE GRANDCHILDREN OF THE ORIGINAL DONOR WHO CREATED THE FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF TRUSTEES OF THE FOUNDATION DID NOT MEET DURING THE YEAR ENDED JUNE 30, 2014.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS DISTRBUTED TO EACH BOARD MEMBER UPON FILING WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL TRUSTEES OF THE FOUNDATION ARE REMINDED ANNUALLY THAT THEY MUST DISCLOSE ANY INTERESTS THAT COULD GIVE RISE TO A CONFLICT OF INTEREST TO THE BOARD. IN ADDITION, THE TRUSTEES ARE REQUIRED TO SIGN A WRITTEN CONFLICT OF INTEREST POLICY ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, AND FORM 990 FOR THE PAST THREE YEARS ARE AVAILABLE UPON REQUEST AT THE OFFICES OF THE NORTH CAROLINA STATE EDUCATION ASSISTANCE AUTHORITY WHICH PROVIDES CENTRAL ADMINISTRATION FOR THE FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION DID NOT CHANGE EITHER ITS AUDIT OVERSIGHT PROCESS OR AUDIT SELECTION PROCESS DURING THE TAX YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ALTHOUGH THE FOUNDATION DOES NOT MAINTAIN ITS OWN WEBSITE, INFORMATION ABOUT THE SCHOLARSHIPS OFFERED BY THE FOUNDATION CAN BE FOUND AT THE FOLLOWING WEB ADDRESS: www.ncseaa.edu/brooks.htm
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XII, Lince 2C:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART 1, LINE J
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt025250100
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt027959641
IRS990/TempOrPermanentEndowmentsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt026230100
IRS990/TotalAssetsEOYAmt028939641
IRS990/TotalAssetsGrp/BOYAmt026230100
IRS990/TotalAssetsGrp/EOYAmt028939641
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0116638
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0922965
IRS990/TotalFunctionalExpensesGrp/TotalAmt01039603
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt026230100
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt028939641
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0922965
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt01866720
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01866720
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt026230100
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt028939641
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10P O BOX 14103
IRS990/USAddress/City0RESEARCH TRIANGLE PARK
IRS990/USAddress/State0NC
IRS990/USAddress/ZIPCode0277094103
IRS990/VotingMembersGoverningBodyCnt011

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$28,939,641
Liabilities
$0
Net assets
$28,939,641
Revenue
$1,866,720
Expenses
$1,039,603
Net income
$827,117
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$40.8$0.00$40.8$2.71$1.17$1.54
2024Detailed filing. Detailed filing data is available for this year.$37.8$0.00$37.8$1.40$1.24$0.16
2023Detailed filing. Detailed filing data is available for this year.$34.2$0.00$34.2$0.94$0.87$0.07
2022Detailed filing. Detailed filing data is available for this year.$32.0$0.00$32.0$2.70$1.18$1.52
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$37.9$0.00$37.9$2.48$1.15$1.33
2020Detailed filing. Detailed filing data is available for this year.$30.3$0.00$30.3$1.26$1.00$0.25
2019Detailed filing. Detailed filing data is available for this year.$30.7$0.00$30.7$1.37$1.14$0.23
2018Detailed filing. Detailed filing data is available for this year.$30.0$0.00$30.0$1.41$1.02$0.39
2017Detailed filing. Detailed filing data is available for this year.$28.4$0.00$28.4$2.24$0.99$1.24
2016Detailed filing. Detailed filing data is available for this year.$26.3$0.00$26.3$0.73$1.04$0.30
2015Detailed filing. Detailed filing data is available for this year.$27.9$0.00$27.9$2.15$1.10$1.05
2014Detailed filing. Detailed filing data is available for this year.$28.9$0.00$28.9$1.87$1.04$0.83
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.2$0.00$26.2$1.00
2012Summary only. Only limited summary data is available for this year.$24.7$0.00$24.7$2.11$0.92$1.18
2011Summary only. Only limited summary data is available for this year.$26.2$0.00$26.2$1.95$0.84$1.11