Civic Intelligence

North Carolina Textile Foundation Inc.

990 • Fiscal year 2017 • EIN 56-6045324

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 15, 2017

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

12th percentile

0.01x

Higher debt load relative to assets than 12% of similar nonprofits.

2017 filings • NTEE B • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

23rd percentile

0.12x

Higher debt load relative to revenue than 23% of similar nonprofits.

2017 filings • NTEE B • $25M-$50M nonprofits • Source year 2017

Net Margin

67th percentile

15%

Higher net margin than 67% of similar nonprofits.

2017 filings • NTEE B • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

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

2017 filings • NTEE B • $25M-$50M nonprofits • Source year 2017

Asset Growth

61st percentile

8.1%

Faster asset growth than 61% of similar nonprofits.

2017 filings • NTEE B • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

13th percentile

-14%

Faster revenue growth than 13% of similar nonprofits.

2017 filings • NTEE B • $25M-$50M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets12th percentile

Assets

Up

$45,876,541

Up $3,422,141 (+8.1%) from 2016

Net Assets

Up

$45,428,703

Up $3,440,826 (+8.2%) from 2016

Liabilities

Down

$447,838

Down $18,685 (-4.0%) from 2016

Revenue And Expenses
Liabilities / Revenue23rd percentileNet Margin67th percentile

Revenue

Down

$3,635,548

Down $569,588 (-14%) from 2016

Expenses

Up

$3,102,541

Up $263,201 (+9.3%) from 2016

Net Income

Down

$533,007

Down $832,789 (-61%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth61st 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

2017

Assets$45,876,541
Liabilities$447,838
Net Assets$45,428,703
Open 2017 Filing

Operations Trend

Revenue Growth13th 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

2017

Revenue$3,635,548
Expenses$3,102,541
Net Income$533,007
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 15, 2017
Return Version
2016v3.0
Gross Receipts
$21,426,311
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$39,832,888$43,186,085▲ $3,353,197
Investments Other Securities$2,233,846$2,347,766▲ $113,920
Cash and Non-Interest-Bearing Accounts$266,223$115,546▼ $150,677
Land, Buildings, and Equipment, Net$7,440$13,031▲ $5,591
Total Assets$42,454,400$45,876,541▲ $3,422,141
Other Assets Total$114,003$214,113▲ $100,110
Liabilities
Accounts Payable and Accrued Expenses$466,523$447,838▼ $18,685
Total Liabilities$466,523$447,838▼ $18,685
Net Assets / Fund Balance
Temporarily Rstr Net Assets$18,026,368$20,851,232▲ $2,824,864
Permanently Rstr Net Assets$17,944,272$18,495,985▲ $551,713
Unrestricted Net Assets$6,017,237$6,081,486▲ $64,249
Total Net Assets Fund Balance$41,987,877$45,428,703▲ $3,440,826
Total Liabilities and Net Assets / Fund Balance$42,454,400$45,876,541▲ $3,422,141

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$13,031$19,173$32,204
Other Securities$2,347,766--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$41,198,724$439,106▲ $5,195,631-$44,540,564
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
Compensation and Service Providers
Top Officer Pay12th percentile

Board Members and Trustees

NameTitle
Ellen RohdePresident
Charles S Heilig IiiVice President
Allen Gant JrDirector
Brendan SullivanDirector
Derick S CloseDirector
F Dale HayesDirector
Karen StuckeyDirector
Ken KunbergerDirector
Les MillerDirector
Michael W HaleDirector
Peaches Gunter BlankDirector
Rick ElmoreDirector
Robin PerkinsDirector
William D Kimbrell IiDirector
David HinksEx-officio Member
Nancy WebsterSecretary
Brian McmurrayTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,177,000
Program Service Revenue
$951
Investment Income
$2,457,217
Other Revenue
$380
All Other Contributions
$1,177,000
Change in Net Assets
$533,007

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,469,086
Revenue Not Reported on Financial Statements
$166,462
Revenue Not Reported on Form 990
$2,907,819
Total Revenue per Audited Statements
$6,376,905
Total Revenue per Form 990
$3,635,548
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,172,382
Other Expenses$930,159
Total Fundraising Expense$233,302
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,172,382--$2,172,382
Fees for Service Investment Mgmnt Fees-$166,462-$166,462
Travel-$21,739$85,886$107,625
Fees for Services Legal-$82,721-$82,721
Fees for Services Other-$30,446-$30,446
Conferences and Meetings-$7,307$16,173$23,480
Fees for Services Accounting-$13,500-$13,500
Other Expenses-$1,273$7,895$7,895
All Other Expenses-$4,726$2,709$7,435
Office Expenses-$7,318-$7,318
Insurance-$6,274-$6,274
Depreciation Depletion-$2,869-$2,869
Total Functional Expenses$2,172,382$696,857$233,302$3,102,541

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,102,541
Expenses per Audited Statements$2,936,079
Total Expenses per Audited Statements$2,936,079
Expenses Not Reported on Financial Statements$166,462
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$2,172,382
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
Yes
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 A, Line 4

“The foundation's by-laws were amended in april 2017, including an increase in the number of voting members from 16 to 17 and clarifying the criteria of ex-officio directors.”

Form 990, Part VI, Section B, Line 11B

“The form 990 is provided 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 online or 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
Treasurer
Phone
9195153878
Signed
2017-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carrie Bhada
Formed
1943
Legal Domicile
Nc
Voting Board Members
17
Independent Board Members
17
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 117,479. Increase in cash surrender value of life insurance 2,943.”

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 117,479. Increase in cash surrender value of life insurance 2,943.”

Raw XML AppendixShowing 400 of 587 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/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13EX-OFFICIO MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01943
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt01844403
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt017
IRS990/GrantAmt01138205
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt02172382
IRS990/GrantsToDomesticOrgsGrp/TotalAmt02172382
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt019635166
IRS990/GrossReceiptsAmt021426311
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt017
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt06274
IRS990/InsuranceGrp/TotalAmt06274
IRS990/InvestmentIncomeGrp/ExclusionAmt0612814
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0612814
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt02233846
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt02347766
IRS990/InvestmentsPubTradedSecGrp/BOYAmt039832888
IRS990/InvestmentsPubTradedSecGrp/EOYAmt043186085
IRS990/IRPDocumentCnt011
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt019173
IRS990/LandBldgEquipBasisNetGrp/BOYAmt07440
IRS990/LandBldgEquipBasisNetGrp/EOYAmt013031
IRS990/LandBldgEquipCostOrOtherBssAmt032204
IRS990/LegalDomicileStateCd0NC
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt017790763
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/NetAssetsOrFundBalancesBOYAmt041987877
IRS990/NetAssetsOrFundBalancesEOYAmt045428703
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt01844403
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01844403
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt02787397
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt07318
IRS990/OfficeExpensesGrp/TotalAmt07318
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0114003
IRS990/OtherAssetsTotalGrp/EOYAmt0214113
IRS990/OtherChangesInNetAssetsAmt0120422
IRS990/OtherExpensesGrp/Desc0REIMBURSED EXPENSES
IRS990/OtherExpensesGrp/Desc1UNIVERSITY ASSESSMENT
IRS990/OtherExpensesGrp/Desc2MAILINGS/POSTAGE/MATERI
IRS990/OtherExpensesGrp/Desc3ENTERTAINMENT AND PROMO
IRS990/OtherExpensesGrp/FundraisingAmt094872
IRS990/OtherExpensesGrp/FundraisingAmt125767
IRS990/OtherExpensesGrp/FundraisingAmt27895
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0352222
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11273
IRS990/OtherExpensesGrp/TotalAmt0352222
IRS990/OtherExpensesGrp/TotalAmt194872
IRS990/OtherExpensesGrp/TotalAmt227040
IRS990/OtherExpensesGrp/TotalAmt37895
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt0380
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0380
IRS990/OtherRevenueTotalAmt0380
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt017944272
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt018495985
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0CARRIE BHADA
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0SCHOLARSHIP & ENRICHMENT REPAYMEN
IRS990/ProgramServiceRevenueGrp/ExclusionAmt0951
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0951
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/ExpenseAmt01034177
IRS990/ProgSrvcAccomActy2Grp/GrantAmt01034177
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0439106
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01176204
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt02145899
IRS990/PYInvestmentIncomeAmt03026015
IRS990/PYOtherExpensesAmt0693441
IRS990/PYOtherRevenueAmt035
IRS990/PYProgramServiceRevenueAmt02882
IRS990/PYRevenuesLessExpensesAmt01365796
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt02839340
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04205136
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0533007
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0737894
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/SupportedOrgVoiceInvestmentInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE FOUNDATION SUPPORTS NORTH CAROLINA STATE UNIVERSITY COLLEGE OF TEXTILES THROUGH GRANTS FOR STUDENT SCHOLARSHIPS, FACULTY SUPPORT AND STUDENT ACTIVITIES.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE DEAN OF THE COLLEGE OF TEXTILES OR UNIVERSITY EX-OFFICIO DIRECTOR IS ON THE INVESTMENT COMMITTEE OF THE FOUNDATION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION E, LINE 1C:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1SCHEDULE A, PART VI, SECTION D, LINE 3
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0566000756
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt02172382
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0COLLEGE OF TEXTILES NORTH CAROLINA STATE UNIVERSITY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt02172382
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/BoardDesignatedBalanceEOYPct00.13520
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt041198724
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0439106
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt044540564
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt02292897
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt05195631
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt043407289
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0302624
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt041198724
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt01990720
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-520469
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt042258900
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt02645675
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt043407289
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt01756182
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0258896
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt037374156
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0564528
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt042258900
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt01662868
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt05983084
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt032370755
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt01949738
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt037374156

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$45,876,541
Liabilities
$447,838
Net assets
$45,428,703
Revenue
$3,635,548
Expenses
$3,102,541
Net income
$533,007
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