Civic Intelligence

North Carolina Textile Foundation Inc.

990 • Fiscal year 2016 • EIN 56-6045324

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 10, 2016

Organization ProfileWWW.TX.NCSU.EDU
Campus Box 8301Raleigh, NC 27695-8301

(919) 515-3878

Siviq Scores

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

Liabilities / Assets

11th percentile

0.01x

Higher debt load relative to assets than 11% of similar nonprofits.

2016 filings • NTEE B • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

18th percentile

0.11x

Higher debt load relative to revenue than 18% of similar nonprofits.

2016 filings • NTEE B • $25M-$50M nonprofits • Source year 2016

Net Margin

85th percentile

32%

Higher net margin than 85% of similar nonprofits.

2016 filings • NTEE B • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$179,506

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 4.3% of source-year revenue.

2016 filings • NTEE B • $25M-$50M nonprofits • Source year 2016

Asset Growth

14th percentile

-4.7%

Faster asset growth than 14% of similar nonprofits.

2016 filings • NTEE B • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

17th percentile

-19%

Faster revenue growth than 17% of similar nonprofits.

2016 filings • NTEE B • $25M-$50M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets11th percentile

Assets

Down

$42,454,400

Down $2,074,535 (-4.7%) from 2015

Net Assets

Down

$41,987,877

Down $2,026,887 (-4.6%) from 2015

Liabilities

Down

$466,523

Down $47,648 (-9.3%) from 2015

Revenue And Expenses
Liabilities / Revenue18th percentileNet Margin85th percentile

Revenue

Down

$4,205,136

Down $960,294 (-19%) from 2015

Expenses

Up

$2,839,340

Up $350,658 (+14%) from 2015

Net Income

Down

$1,365,796

Down $1,310,952 (-49%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth14th percentile

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

$150M$100M$50M$0Assets 2011: $33,189,250Liabilities 2011: $588,579Net Assets 2011: $32,600,6712011Assets 2012: $33,222,255Liabilities 2012: $671,441Net Assets 2012: $32,550,8142012Assets 2013: $38,485,372Liabilities 2013: $689,359Net Assets 2013: $37,796,0132013Assets 2014: $43,429,135Liabilities 2014: $516,443Net Assets 2014: $42,912,6922014Assets 2015: $44,528,935Liabilities 2015: $514,171Net Assets 2015: $44,014,7642015Assets 2016: $42,454,400Liabilities 2016: $466,523Net Assets 2016: $41,987,8772016Assets 2017: $45,876,541Liabilities 2017: $447,838Net Assets 2017: $45,428,7032017Assets 2018: $48,621,257Liabilities 2018: $419,712Net Assets 2018: $48,201,5452018Assets 2019: $63,460,204Liabilities 2019: $541,535Net Assets 2019: $62,918,6692019Assets 2020: $68,426,543Liabilities 2020: $483,732Net Assets 2020: $67,942,8112020Assets 2021: $89,766,290Liabilities 2021: $467,252Net Assets 2021: $89,299,0382021Assets 2022: $84,834,428Liabilities 2022: $463,146Net Assets 2022: $84,371,2822022Assets 2023: $84,202,750Liabilities 2023: $463,490Net Assets 2023: $83,739,2602023Assets 2024: $92,800,052Liabilities 2024: $395,475Net Assets 2024: $92,404,5772024Assets 2025: $104,571,165Liabilities 2025: $356,216Net Assets 2025: $104,214,9492025

Highlighted filing

2016

Assets$42,454,400
Liabilities$466,523
Net Assets$41,987,877
Open 2016 Filing

Operations Trend

Revenue Growth17th percentile

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

$15M$10M$5.0M$0-$5.0MRevenue 2011: $1,712,091Expenses 2011: $1,778,602Net Income 2011: -$66,5112011Revenue 2012: $3,345,647Expenses 2012: $1,874,774Net Income 2012: $1,470,8732012Revenue 2013: $4,574,753Expenses 2013: $2,017,953Net Income 2013: $2,556,8002013Revenue 2014: $3,485,977Expenses 2014: $2,284,722Net Income 2014: $1,201,2552014Revenue 2015: $5,165,430Expenses 2015: $2,488,682Net Income 2015: $2,676,7482015Revenue 2016: $4,205,136Expenses 2016: $2,839,340Net Income 2016: $1,365,7962016Revenue 2017: $3,635,548Expenses 2017: $3,102,541Net Income 2017: $533,0072017Revenue 2018: $4,312,225Expenses 2018: $3,488,374Net Income 2018: $823,8512018Revenue 2019: $14,792,675Expenses 2019: $4,063,829Net Income 2019: $10,728,8462019Revenue 2020: $8,605,046Expenses 2020: $3,783,732Net Income 2020: $4,821,3142020Revenue 2021: $14,376,026Expenses 2021: $3,253,748Net Income 2021: $11,122,2782021Revenue 2022: $5,103,985Expenses 2022: $3,689,405Net Income 2022: $1,414,5802022Revenue 2023: $6,538,403Expenses 2023: $4,719,381Net Income 2023: $1,819,0222023Revenue 2024: $6,908,763Expenses 2024: $4,706,717Net Income 2024: $2,202,0462024Revenue 2025: $11,450,249Expenses 2025: $5,466,543Net Income 2025: $5,983,7062025

Highlighted filing

2016

Revenue$4,205,136
Expenses$2,839,340
Net Income$1,365,796
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 10, 2016
Return Version
2015v2.1
Gross Receipts
$22,732,900
Mission and Program Overview

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.

Support the college of textiles at north carolina state university through scholarships, professorships, research and other needs

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$42,440,422$39,832,888▼ $2,607,534
Investments Other Securities$1,527,185$2,233,846▲ $706,661
Cash and Non-Interest-Bearing Accounts$431,613$266,223▼ $165,390
Land, Buildings, and Equipment, Net$7,079$7,440▲ $361
Total Assets$44,528,935$42,454,400▼ $2,074,535
Other Assets Total$122,636$114,003▼ $8,633
Liabilities
Accounts Payable and Accrued Expenses$514,171$466,523▼ $47,648
Total Liabilities$514,171$466,523▼ $47,648
Net Assets / Fund Balance
Temporarily Rstr Net Assets$19,582,652$18,026,368▼ $1,556,284
Permanently Rstr Net Assets$17,652,927$17,944,272▲ $291,345
Unrestricted Net Assets$6,779,185$6,017,237▼ $761,948
Total Net Assets Fund Balance$44,014,764$41,987,877▼ $2,026,887
Total Liabilities and Net Assets / Fund Balance$44,528,935$42,454,400▼ $2,074,535

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,440$19,296$26,736
Other Securities$2,233,846--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$43,407,289$302,624▼ $520,469-$41,198,724
2014$42,258,900$2,645,675▲ $258,896-$43,407,289
2013$37,374,156$564,528▲ $5,983,084-$42,258,900
2012$32,370,755$1,949,738▲ $4,559,402-$37,374,156
2011$32,374,549$1,050,430▲ $324,510-$32,370,755
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Ellen RohdeInterim President
Allen Gant JrDirector
Anastasia CharbinDirector
Charles S Heilig IiiDirector
Derick S CloseDirector
F Dale HayesDirector
J Barry LeonardDirector
Karen StuckeyDirector
Les MillerDirector
Michael W HaleDirector
Peaches Gunter BlankDirector
Rick ElmoreDirector
Robin PerkinsDirector
William D Kimbrell IiDirector
Suzanne WeinerExecutive Director (july-april)
Mark FischerInterim Executive Director
David HinksEx-officio Member
Brian McmurraySecretary/treasurer & Interim VP
Revenue and Support

Revenue Composition

Contributions and Grants
$1,176,204
Program Service Revenue
$2,882
Investment Income
$3,026,015
Other Revenue
$35
All Other Contributions
$1,176,204
Change in Net Assets
$1,365,796

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,049,854
Revenue Not Reported on Financial Statements
$155,282
Revenue Not Reported on Form 990
$-3,392,683
Total Revenue per Audited Statements
$657,171
Total Revenue per Form 990
$4,205,136
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,145,899
Other Expenses$693,441
Total Fundraising Expense$153,191
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,145,899--$2,145,899
Fees for Service Investment Mgmnt Fees-$155,282-$155,282
Travel-$9,001$27,615$36,616
Fees for Services Legal-$20,005-$20,005
Conferences and Meetings-$9,512$9,424$18,936
Occupancy-$15,550-$15,550
Fees for Services Other-$15,008-$15,008
Fees for Services Accounting-$13,000-$13,000
Other Expenses-$1,421$7,118$7,118
Insurance-$6,274-$6,274
All Other Expenses-$3,623$2,280$5,903
Office Expenses-$5,598-$5,598
Depreciation Depletion-$2,424-$2,424
Total Functional Expenses$2,145,899$540,250$153,191$2,839,340

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,839,340
Expenses per Audited Statements$2,684,058
Total Expenses per Audited Statements$2,684,058
Expenses Not Reported on Financial Statements$155,282
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Nc State University College of TextilesRaleigh, NC501(c)(3)To Provide for Student Scholarships, Fund Research and Professorships and Assist With Capital Purchases$2,145,899
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
Backup withholding compliance
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, Part VI, Section B, Line 11

“The form 990 is sent to the board members to review and approve prior to the filing deadline.”

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

“Board members are required to review and sign the conflict of interest policy at each board meeting”

Form 990, Part VI, Section B, Line 15

“Executive director and other employees are paid by a related organization (college of textiles, nc state university). The college determines the compensation of the employees based on state pay grades and budgetary considerations.”

Form 990, Part VI, Section C, Line 19

“The organization makes the governing documents, conflict of interest policy and financial statements available to the public upon written request.”

Filing and Contact Details

Filer

Filer Name
North Carolina Textile Foundation Inc
EIN
56-6045324
Phone
9195153878
Address
CAMPUS BOX 8301, RALEIGH, NC 27695-8301

Signing Officer

Name
Brian Mcmurray
Title
Secretary/treasurer
Phone
9195153878
Signed
2016-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Fischer
Formed
1943
Legal Domicile
Nc
Voting Board Members
16
Independent Board Members
16
Employees
0
Volunteers
16

Preparer

Firm
Koonce Wooten & Haywood Llp
Address
P O BOX 17806, RALEIGH, NC 27619-7806
Preparer
Linwood C Faulconer
Phone
9197829265
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Change in value of split interest agreements -9,692. Increase in cash surrender value of life insurance 3,300.”

Form 990, Part XII, Line 2C

“Descriptin of oversight of audit: the foundation has an audit committee consisting of board members that review the audit report, monitors the progress of the audit process and keeps an open line of communication with the auditors”

Financial Statement Notes

PART X, LINE 2:

“It is the foundation's policy to evaluate all tax positions to identify those that may be considered uncertain. All identified material tax positions are assessed and measured by a "more-likely-than-not" threshold to determine if the benefit of any certain tax position should be recognized in the period the change occurs”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Change in value of split interest agreements -9,692. Increase in cash surrender value of life insurance 3,300.”

Raw XML AppendixShowing 400 of 608 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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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt17146050
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1INTERIM PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY/TREASURER & INTERIM VP
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15EX-OFFICIO MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16INTERIM EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17EXECUTIVE DIRECTOR (JULY-APRIL)
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01943
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt02492044
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt016
IRS990/GrantAmt01071299
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt02145899
IRS990/GrantsToDomesticOrgsGrp/TotalAmt02145899
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt021019808
IRS990/GrossReceiptsAmt022732900
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt016
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt06274
IRS990/InsuranceGrp/TotalAmt06274
IRS990/InvestmentIncomeGrp/ExclusionAmt0533971
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0533971
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt01527185
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt02233846
IRS990/InvestmentsPubTradedSecGrp/BOYAmt042440422
IRS990/InvestmentsPubTradedSecGrp/EOYAmt039832888
IRS990/IRPDocumentCnt09
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt019296
IRS990/LandBldgEquipBasisNetGrp/BOYAmt07079
IRS990/LandBldgEquipBasisNetGrp/EOYAmt07440
IRS990/LandBldgEquipCostOrOtherBssAmt026736
IRS990/LegalDomicileStateCd0NC
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt018527764
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE MISSION OF THE NORTH CAROLINA TEXTILE FOUNDATION IS TO PROMOTE THE WELFARE, FUTURE DEVELOPMENT AND REPUTATION OF THE COLLEGE OF TEXTILES AT NORTH CAROLINA STATE UNIVERSITY AS THE PREMIER INSTITUTION FOR TEXTILE EDUCATION AND RESEARCH. AS A NONPROFIT ORGANIZATION, THE FOUNDATION SUPPORTS THE COLLEGE BY PROVIDING FUNDS FOR SCHOLARSHIPS TO DESERVING UNDERGRADUATE AND GRADUATE STUDENTS, RECRUITMENT AND RETENTION OF HIGHLY QUALIFIED EDUCATORS AND RESEARCHERS AND THE ACQUISITION AND MAINTENANCE OF STATE-OF-THE-ART EQUIPMENT AND FACILITIES FOR RESEARCH AND EDUCATION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt044014764
IRS990/NetAssetsOrFundBalancesEOYAmt041987877
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt02492044
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt02492044
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-3386291
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt015550
IRS990/OccupancyGrp/TotalAmt015550
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05598
IRS990/OfficeExpensesGrp/TotalAmt05598
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0122636
IRS990/OtherAssetsTotalGrp/EOYAmt0114003
IRS990/OtherChangesInNetAssetsAmt0-6392
IRS990/OtherExpensesGrp/Desc0REIMBURSED EXPENSES
IRS990/OtherExpensesGrp/Desc1UNIVERSITY ASSESSMENT
IRS990/OtherExpensesGrp/Desc2MAILINGS/POSTAGE/MATERI
IRS990/OtherExpensesGrp/Desc3ENTERTAINMENT AND PROMO
IRS990/OtherExpensesGrp/FundraisingAmt096644
IRS990/OtherExpensesGrp/FundraisingAmt110110
IRS990/OtherExpensesGrp/FundraisingAmt27118
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0283552
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11421
IRS990/OtherExpensesGrp/TotalAmt0283552
IRS990/OtherExpensesGrp/TotalAmt196644
IRS990/OtherExpensesGrp/TotalAmt211531
IRS990/OtherExpensesGrp/TotalAmt37118
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt035
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt035
IRS990/OtherRevenueTotalAmt035
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt017652927
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt017944272
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MARK FISCHER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0SCHOLARSHIP & ENRICHMENT REPAYMEN
IRS990/ProgramServiceRevenueGrp/ExclusionAmt02882
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02882
IRS990/ProgSrvcAccomActy2Grp/Desc0THE FOUNDATION AWARDS SCHOLARSHIPS TO DESERVING GRADUATE AND UNDERGRADUATE STUDENTS OF THE COLLEGE OF TEXTILES AT NORTH CAROLINA STATE UNIVERSITY BASED ON MERIT
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01074600
IRS990/ProgSrvcAccomActy2Grp/GrantAmt01074600
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0301624
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03177419
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01806719
IRS990/PYInvestmentIncomeAmt01986394
IRS990/PYOtherExpensesAmt0681963
IRS990/PYOtherRevenueAmt0117
IRS990/PYProgramServiceRevenueAmt01500
IRS990/PYRevenuesLessExpensesAmt02676748
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt02488682
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05165430
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01365796
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0874580
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType3FuncIntGrp/GovernmentalEntityInd0X
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd00
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE FOUNDATION SUPPORTS NORTH CAROLINA STATE UNIVERSITY COLLEGE OF TEXTILES THROUGH GRANTS FOR STUDENT SCHOLARSHIPS, FACULTY SUPPORT AND STUDENT ACTIVITIES.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION E, LINE 1C:
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0566000756
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt02145899
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0COLLEGE OF TEXTILES NORTH CAROLINA STATE UNIVERSITY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt02145899
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.14490
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt043407289
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0302624
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt041198724
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt01990720
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-520469
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt042258900
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt02645675
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt043407289
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt01756182
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0258896
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt037374156
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0564528
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt042258900
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt01662868
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt05983084
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt032370755
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt01949738
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt037374156

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$42,454,400
Liabilities
$466,523
Net assets
$41,987,877
Revenue
$4,205,136
Expenses
$2,839,340
Net income
$1,365,796
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$105$0.36$104$11.5$5.47$5.98
2024Detailed filing. Detailed filing data is available for this year.$92.8$0.40$92.4$6.91$4.71$2.20
2023Detailed filing. Detailed filing data is available for this year.$84.2$0.46$83.7$6.54$4.72$1.82
2022Detailed filing. Detailed filing data is available for this year.$84.8$0.46$84.4$5.10$3.69$1.41
2021Detailed filing. Detailed filing data is available for this year.$89.8$0.47$89.3$14.4$3.25$11.1
2020Detailed filing. Detailed filing data is available for this year.$68.4$0.48$67.9$8.61$3.78$4.82
2019Detailed filing. Detailed filing data is available for this year.$63.5$0.54$62.9$14.8$4.06$10.7
2018Detailed filing. Detailed filing data is available for this year.$48.6$0.42$48.2$4.31$3.49$0.82
2017Detailed filing. Detailed filing data is available for this year.$45.9$0.45$45.4$3.64$3.10$0.53
2016Detailed filing. Detailed filing data is available for this year.$42.5$0.47$42.0$4.21$2.84$1.37
2015Summary only. Only limited summary data is available for this year.$44.5$0.51$44.0$5.17$2.49$2.68
2014Summary only. Only limited summary data is available for this year.$43.4$0.52$42.9$3.49$2.28$1.20
2013Summary only. Only limited summary data is available for this year.$38.5$0.69$37.8$4.57$2.02$2.56
2012Summary only. Only limited summary data is available for this year.$33.2$0.67$32.6$3.35$1.87$1.47
2011Summary only. Only limited summary data is available for this year.$33.2$0.59$32.6$1.71$1.78$0.07