Nc State Engineering Foundation Inc

Organization Overview

Nc State Engineering Foundation Inc is located in Raleigh, NC. The organization was established in 1949. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. NC State Engineering Foundation 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 06/2022, NC State Engineering Foundation Inc generated $18.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $8.4m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

AIDS AND PROMOTES, BY FINANCIAL ASSISTANCE AND OTHERWISE, EDUCATIONAL, RESEARCH, AND EXTENSION IN THE COLLEGE OF ENGINEERING AT NORTH CAROLINA STATE UNIVERSITY

Describe the Organization's Program Activity:

Part 3 - Line 4a

AIDS AND PROMOTES, BY FINANCIAL ASSISTANCE AND OTHERWISE, EDUCATIONAL, RESEARCH, AND EXTENSION IN THE COLLEGE OF ENGINEERING AT NORTH CAROLINA STATE UNIVERSITY


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Board, Officers & Key Employees

Name (title)Compensation
Wesley Covell
Finance & Audit Chair
$0
Nelson Peeler
Immediate Past President
$0
Helene Lollis
College And Alumni Engagment Chair
$0
Pamela Townsend
Advocacy Chair
$0
Linda Butler
Norc Chair
$0
Scott Stabler
Vice President
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$52,150
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$15,090,128
Noncash contributions included in lines 1a–1f $1,773,812
Total Revenue from Contributions, Gifts, Grants & Similar$15,142,278
Total Program Service Revenue$19,923
Investment income $172,097
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $3,094,361
Net Income from Fundraising Events -$16,217
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $18,412,442

Grants Recieved

Over the last fiscal year, we have identified 39 grants that Nc State Engineering Foundation Inc has recieved totaling $6,516,849.

Awarding OrganizationAmount
Nc State Investment Fund Inc

Raleigh, NC

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

$5,013,476
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$361,950
Foundation For The Carolinas

Charlotte, NC

PURPOSE: CHARITABLE GIFT

$228,500
Morgan Stanley Global Impact Funding Trust Inc

Indianapolis, IN

PURPOSE: UNRESTRICTED GENERAL SUPPORT

$127,000
Jandy Ammons Foundation Inc

Raleigh, NC

PURPOSE: ENVIRONMENTAL LAB

$125,000
Jandy Ammons Foundation Inc

Raleigh, NC

PURPOSE: ENVIRONMENTAL LAB

$125,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$131,781,098
Earnings$3,309,738
Net Contributions$10,490,577
Other Expense$4,573,500
Ending Balance$141,007,913

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