Nc Student Aid Association Inc

Organization Overview

Nc Student Aid Association Inc is located in Raleigh, NC. The organization was established in 1955. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2021, NC Student Aid Association Inc employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. NC Student Aid Association Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, NC Student Aid Association Inc generated $23.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $48.1m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2018, NC Student Aid Association Inc has awarded 13 individual grants totaling $113,949,450. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE FINANCIAL SUPPORT FOR ATHLETIC SCHOLARSHIPS AND FACILITIES FOR NC STATE UNIVERSITY.

Describe the Organization's Program Activity:

FACILITY IMPROVEMENTS FOR NC STATE UNIVERSITY.


FINANCING SCHOLARSHIPS AWARDED BY NC STATE UNIVERSITY TO NEEDY AND WORTHY STUDENTS.


OTHER NC STATE UNIVERSITY SUPPORT.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Coman Publishing
Publications
$331,197
Koonce Wooten & Haywood Llp
Accounting
$126,800
Vab Catering
Catering Services
$106,333
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$22,852,260
Noncash contributions included in lines 1a–1f $225,850
Total Revenue from Contributions, Gifts, Grants & Similar$22,852,260
Total Program Service Revenue$0
Investment income $333,600
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $598,982
Net Income from Fundraising Events $5,035
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $23,877,668

Grants Awarded

Over the last fiscal year, Nc Student Aid Association Inc has awarded $39,441,671 in support to 3 organizations.

Grant RecipientAmount

NC STATE UNIVERSITY

PURPOSE: NCSU CAPITAL PROJECTS

$25,395,423

NC STATE UNIVERSITY

PURPOSE: NCSU STUDENT ATHLETIC SCHOLARSHIPS

$13,908,948

NC STATE UNIVERSITY

PURPOSE: OTHER SUPPORT

$137,300
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 24 grants that Nc Student Aid Association Inc has recieved totaling $3,454,530.

Awarding OrganizationAmount
Foundation For The Carolinas

Charlotte, NC

PURPOSE: CHARITABLE GIFT

$2,408,860
Morgan Stanley Global Impact Funding Trust Inc

Indianapolis, IN

PURPOSE: UNRESTRICTED GENERAL SUPPORT

$315,000
Nc State Investment Fund Inc

Raleigh, NC

PURPOSE: SCHOLARSHIPS, FACULTY SUPPORT, DEPARTMENTAL SUPPORT AND FACILITY SUPPORT

$302,148
Winston-Salem Foundation

Winstonsalem, NC

PURPOSE: 2 GRANT(S) FOR VARYING PURPOSES

$102,500
R A Bryan Foundation Inc

Goldsboro, NC

PURPOSE: EDUCATION

$100,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$52,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$30,666,228
Earnings$9,859,202
Net Contributions$1,847,023
Grants$4,805,003
Ending Balance$37,567,450

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