Civic Intelligence

North Carolina Textile Foundation Inc.

990 • Fiscal year 2019 • EIN 56-6045324

Jul 01, 2018 to Jun 30, 2019 • Filed on Nov 21, 2019

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.

2019 filings • NTEE B • $50M-$100M nonprofits • Source year 2019

Liabilities / Revenue

10th percentile

0.04x

Higher debt load relative to revenue than 10% of similar nonprofits.

2019 filings • NTEE B • $50M-$100M nonprofits • Source year 2019

Net Margin

97th percentile

73%

Higher net margin than 97% of similar nonprofits.

2019 filings • NTEE B • $50M-$100M nonprofits • Source year 2019

Top Officer Pay

23rd percentile

$172,934

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2019 filings • NTEE B • $50M-$100M nonprofits • Source year 2019

Asset Growth

91st percentile

31%

Faster asset growth than 91% of similar nonprofits.

2019 filings • NTEE B • $50M-$100M nonprofits • Annualized from 2018 to 2019

Revenue Growth

98th percentile

243%

Faster revenue growth than 98% of similar nonprofits.

2019 filings • NTEE B • $50M-$100M nonprofits • Annualized from 2018 to 2019

Assets

Up

$63,460,204

Up $14,838,947 (+31%) from 2018

Net Assets

Up

$62,918,669

Up $14,717,124 (+31%) from 2018

Liabilities

Up

$541,535

Up $121,823 (+29%) from 2018

Revenue

Up

$14,792,675

Up $10,480,450 (+243%) from 2018

Expenses

Up

$4,063,829

Up $575,455 (+16%) from 2018

Net Income

Up

$10,728,846

Up $9,904,995 (+1202%) from 2018

Historical Trend

Balance Sheet Trend

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

2019

Assets$63,460,204
Liabilities$541,535
Net Assets$62,918,669

Operations Trend

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

2019

Revenue$14,792,675
Expenses$4,063,829
Net Income$10,728,846
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Nov 21, 2019
Return Version
2018v3.1
Gross Receipts
$47,796,678
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$46,654,862$62,874,610▲ $16,219,748
Investments Other Securities$1,878,537$474,674▼ $1,403,863
Cash and Non-Interest-Bearing Accounts$34,015$51,256▲ $17,241
Land, Buildings, and Equipment, Net$10,789$14,129▲ $3,340
Total Assets$48,621,257$63,460,204▲ $14,838,947
Other Assets Total$43,054$45,535▲ $2,481
Liabilities
Accounts Payable and Accrued Expenses$419,712$541,535▲ $121,823
Total Liabilities$419,712$541,535▲ $121,823
Net Assets / Fund Balance
Temporarily Rstr Net Assets$22,746,201$24,504,536▲ $1,758,335
Permanently Rstr Net Assets$19,019,122$19,377,713▲ $358,591
Unrestricted Net Assets$6,436,222$19,036,420▲ $12,600,198
Total Net Assets Fund Balance$48,201,545$62,918,669▲ $14,717,124
Total Liabilities and Net Assets / Fund Balance$48,621,257$63,460,204▲ $14,838,947

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$14,129$20,256$34,385

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$46,672,253$12,361,475▲ $5,010,092-$61,686,113
2017$44,540,564$513,521▲ $3,916,846-$46,672,253
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Carrie BhadaFormer Executive Director/ex-offiFT$158,006$14,928$172,934

Board Members and Trustees

NameTitle
Charles S Heilig IiiPresident
Rick ElmoreVice President
Charles H Flynt JrDirector
Derick S CloseDirector
Elizabeth CalabreseDirector
Ellen RohdeDirector
George RagsdaleDirector
Karen StuckeyDirector
Ken KunbergerDirector
Leib OehmigDirector
Les MillerDirector
Peaches Gunter BlankDirector
Robin PerkinsDirector
Ty HugginsDirector
Michael WardExecutive Director/ex-offi
David HinksEx-officio Member
Nancy WebsterSecretary
Brendan SullivanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$13,578,912
Program Service Revenue
$1,825
Investment Income
$1,211,938
Other Revenue
$0
All Other Contributions
$13,578,912
Change in Net Assets
$10,728,846

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded5$70,354Quoted Market Price (fv)
Total Noncash Contributions5$70,354-

Audited Revenue Reconciliation

Revenue per Audited Statements
$14,603,385
Revenue Not Reported on Financial Statements
$189,290
Revenue Not Reported on Form 990
$3,988,278
Total Revenue per Audited Statements
$18,591,663
Total Revenue per Form 990
$14,792,675
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,035,012
Other Expenses$1,028,817
Total Fundraising Expense$297,958
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$3,035,012--$3,035,012
Fees for Service Investment Mgmnt Fees-$189,290-$189,290
Travel-$5,133$88,731$93,864
Fees for Services Other-$34,782-$34,782
Conferences and Meetings-$8,224$23,292$31,516
Office Expenses-$15,681-$15,681
All Other Expenses-$7,087$3,268$10,355
Other Expenses-$2,002$6,821$6,821
Insurance-$6,274-$6,274
Depreciation Depletion-$3,527-$3,527
Total Functional Expenses$3,035,012$730,859$297,958$4,063,829

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$4,063,829
Expenses per Audited Statements$3,874,539
Total Expenses per Audited Statements$3,874,539
Expenses Not Reported on Financial Statements$189,290
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$3,035,012
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 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
Brendan Sullivan
Title
Treasurer
Phone
9195151146
Signed
2019-11-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Ward
Formed
1942
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 6,915. Increase in cash surrender value of life insurance 2,480.

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 6,915. Increase in cash surrender value of life insurance 2,480.

Raw XML AppendixShowing 400 of 619 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
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0419712
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0541535
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0SUPPORT THE COLLEGE OF TEXTILES AT NORTH CAROLINA STATE UNIVERSITY THROUGH SCHOLARSHIPS, PROFESSORSHIPS, RESEARCH AND OTHER NEEDS
IRS990/AllOtherContributionsAmt013578912
IRS990/AllOtherExpensesGrp/FundraisingAmt03268
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt07087
IRS990/AllOtherExpensesGrp/TotalAmt010355
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0DONNA DAETWEILER
IRS990/BooksInCareOfDetail/PhoneNum09195153878
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0CAMPUS BOX 8301
IRS990/BooksInCareOfDetail/USAddress/CityNm0RALEIGH
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0276958301
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt034015
IRS990/CashNonInterestBearingGrp/EOYAmt051256
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/FundraisingAmt023292
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt08224
IRS990/ConferencesMeetingsGrp/TotalAmt031516
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt013578912
IRS990/CYGrantsAndSimilarPaidAmt03035012
IRS990/CYInvestmentIncomeAmt01211938
IRS990/CYOtherExpensesAmt01028817
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt01825
IRS990/CYRevenuesLessExpensesAmt010728846
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt04063829
IRS990/CYTotalFundraisingExpenseAmt0297958
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt014792675
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd01
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt03527
IRS990/DepreciationDepletionGrp/TotalAmt03527
IRS990/Desc0THE FOUNDATION SUPPORTS THE COLLEGE OF TEXTILES AT NORTH CAROLINA STATE UNIVERSITY THROUGH GRANTS FOR FACILITIES, FACULTY, FELLOWSHIPS, SCHOLARSHIPS AND EQUIPMENT.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt01831987
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt034782
IRS990/FeesForServicesOtherGrp/TotalAmt034782
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt0189290
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt0189290
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt100.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt110.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt120.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt130.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt150.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt160.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1740.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1840.00
IRS990/Form990PartVIISectionAGrp/FormerOfcrDirectorTrusteeInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd15X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd16X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1814928
IRS990/Form990PartVIISectionAGrp/PersonNm0PEACHES GUNTER BLANK
IRS990/Form990PartVIISectionAGrp/PersonNm1ELLEN ROHDE
IRS990/Form990PartVIISectionAGrp/PersonNm2GEORGE RAGSDALE
IRS990/Form990PartVIISectionAGrp/PersonNm3BRENDAN SULLIVAN
IRS990/Form990PartVIISectionAGrp/PersonNm4LES MILLER
IRS990/Form990PartVIISectionAGrp/PersonNm5RICK ELMORE
IRS990/Form990PartVIISectionAGrp/PersonNm6TY HUGGINS
IRS990/Form990PartVIISectionAGrp/PersonNm7ELIZABETH CALABRESE
IRS990/Form990PartVIISectionAGrp/PersonNm8ROBIN PERKINS
IRS990/Form990PartVIISectionAGrp/PersonNm9CHARLES H FLYNT JR
IRS990/Form990PartVIISectionAGrp/PersonNm10CHARLES S HEILIG III
IRS990/Form990PartVIISectionAGrp/PersonNm11KAREN STUCKEY
IRS990/Form990PartVIISectionAGrp/PersonNm12DERICK S CLOSE
IRS990/Form990PartVIISectionAGrp/PersonNm13DAVID HINKS
IRS990/Form990PartVIISectionAGrp/PersonNm14NANCY WEBSTER
IRS990/Form990PartVIISectionAGrp/PersonNm15KEN KUNBERGER
IRS990/Form990PartVIISectionAGrp/PersonNm16LEIB OEHMIG
IRS990/Form990PartVIISectionAGrp/PersonNm17MICHAEL WARD
IRS990/Form990PartVIISectionAGrp/PersonNm18CARRIE BHADA
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18158006
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13EX-OFFICIO MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17EXECUTIVE DIRECTOR/EX-OFFI
IRS990/Form990PartVIISectionAGrp/TitleTxt18FORMER EXECUTIVE DIRECTOR/EX-OFFI
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01942
IRS990/FormerOfcrEmployeesListedInd01
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-4357
IRS990/GainOrLossGrp/SecuritiesAmt0756054
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt017
IRS990/GrantAmt01831987
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt03035012
IRS990/GrantsToDomesticOrgsGrp/TotalAmt03035012
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt033755700
IRS990/GrossReceiptsAmt047796678
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt017
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt06274
IRS990/InsuranceGrp/TotalAmt06274
IRS990/InvestmentIncomeGrp/ExclusionAmt0460241
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0460241
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt01878537
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0474674
IRS990/InvestmentsPubTradedSecGrp/BOYAmt046654862
IRS990/InvestmentsPubTradedSecGrp/EOYAmt062874610
IRS990/IRPDocumentCnt010
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt020256
IRS990/LandBldgEquipBasisNetGrp/BOYAmt010789
IRS990/LandBldgEquipBasisNetGrp/EOYAmt014129
IRS990/LandBldgEquipCostOrOtherBssAmt034385
IRS990/LegalDomicileStateCd0NC
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt04357
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt032999646
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/NetAssetsOrFundBalancesBOYAmt048201545
IRS990/NetAssetsOrFundBalancesEOYAmt062918669
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0751697
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0751697
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt03978883
IRS990/NoncashContributionsAmt070354
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt015681
IRS990/OfficeExpensesGrp/TotalAmt015681
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt043054
IRS990/OtherAssetsTotalGrp/EOYAmt045535
IRS990/OtherChangesInNetAssetsAmt09395
IRS990/OtherExpensesGrp/Desc0REIMBURSED EXPENSES
IRS990/OtherExpensesGrp/Desc1UNIVERSITY ASSESSMENT
IRS990/OtherExpensesGrp/Desc2MAILINGS/POSTAGE/MATERI
IRS990/OtherExpensesGrp/Desc3ENTERTAINMENT AND PROMO
IRS990/OtherExpensesGrp/FundraisingAmt0163820
IRS990/OtherExpensesGrp/FundraisingAmt112026
IRS990/OtherExpensesGrp/FundraisingAmt26821
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0458859
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12002
IRS990/OtherExpensesGrp/TotalAmt0458859
IRS990/OtherExpensesGrp/TotalAmt1163820
IRS990/OtherExpensesGrp/TotalAmt214028
IRS990/OtherExpensesGrp/TotalAmt36821
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt019019122
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt019377713
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MICHAEL WARD
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0SCHOLARSHIP & ENRICHMENT REPAYMEN
IRS990/ProgramServiceRevenueGrp/ExclusionAmt01825
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01825
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/ExpenseAmt01203025
IRS990/ProgSrvcAccomActy2Grp/GrantAmt01203025
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0412390
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02164836
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt02649767
IRS990/PYInvestmentIncomeAmt02146253
IRS990/PYOtherExpensesAmt0838607
IRS990/PYOtherRevenueAmt01136
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0823851
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt03488374
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04312225
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt010728846
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01166520
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0DESCRIPTION: NAMING OF COLLEGE DATE: 06/30/19 AMOUNT: 12000000.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1OTHER INCOME OF $1,825 IS FOR REPAYMENT OF ENRICHMENT GRANTS UNUSED BY RECEIPIENTS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART II, SECTION B, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01578912
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02164836
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01177000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01176204
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt03177419
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt09274371
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0460241
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0503432
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0612814
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0533971
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0963063
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt03073521
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt01825
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt01136
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt01331
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt02917
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt01617
IRS990ScheduleA/OtherIncome170Grp/TotalAmt08826
IRS990ScheduleA/PublicSupportCY170Pct00.75060
IRS990ScheduleA/PublicSupportTotal170Amt09274371
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01578912
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02164836
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01177000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01176204
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt03177419
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt09274371
IRS990ScheduleA/TotalSupportAmt012356718
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/BoardDesignatedBalanceEOYPct00.30650
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt046672253
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt012361475
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt061686113
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt02357707
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt05010092
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt044540564
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0513521
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt046672253
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt02298678
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt03916846
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt041198724
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0439106
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt044540564
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt02292897
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt05195631
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt043407289
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0302624
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt041198724

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2019 filings • NTEE B11 • $50M-$100M nonprofits