North Carolina Agricultural Foundation Inc

Organization Overview

North Carolina Agricultural Foundation Inc is located in Raleigh, NC. The organization was established in 1946. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Carolina Agricultural 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, North Carolina Agricultural Foundation Inc generated $30.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $23.3m during the year ending 06/2022. While expenses have increased by 6.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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

TO AID AND PROMOTE BY FINANCIAL ASSITANCE AND OTHERWISE ALL TYPES OF EDUCATION, RESEARCH, AND OTHER EXTENSION WITHIN THE COLLEGE OF AGRICULTURE AND LIFE SCIENCES AT NC STATE UNIVERSITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

AIDS AND PROMOTES BY FINANCIAL ASSISTANCE AND OTHERWISE ALL TYPES OF EDUCATION, RESEARCH, AND OTHER EXTENSION WITHIN THE COLLEGE OF AGRICULTURE AND LIFE SCIENCES AT NC STATE UNIVERSITY.


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Board, Officers & Key Employees

Name (title)Compensation
Kathy Kennel
Assistant Secretary
$0
Sonia Murphy
President
$0
Kelly Powell-Mciver
Chair
$0
Scott Prestage
Past Chairman
$0
Paula Woodall
Asst Treasurer
$0
Bryan Blinson
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$262,157
Related organizations$0
Government grants $865,098
All other contributions, gifts, grants, and similar amounts not included above$15,481,788
Noncash contributions included in lines 1a–1f $1,181,728
Total Revenue from Contributions, Gifts, Grants & Similar$16,609,043
Total Program Service Revenue$9,153,327
Investment income $391,987
Tax Exempt Bond Proceeds $0
Royalties $338,240
Net Rental Income $0
Net Gain/Loss on Asset Sales $3,813,598
Net Income from Fundraising Events $2,674
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $30,308,869

Grants Recieved

Over the last fiscal year, we have identified 1 grants that North Carolina Agricultural Foundation Inc has recieved totaling $22,500.

Awarding OrganizationAmount
North Carolina Small Grain Growers Association Inc

Lucama, NC

PURPOSE: SMALL GRAIN RESEARCH

$22,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$163,345,531
Earnings$2,892,599
Net Contributions$16,073,425
Other Expense$4,204,274
Ending Balance$178,107,281

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