East Carolina University Foundation Inc

Organization Overview

East Carolina University Foundation Inc is located in Greenville, NC. The organization was established in 1969. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. East Carolina University 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, East Carolina University Foundation Inc generated $28.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $10.5m during the year ending 06/2022. While expenses have increased by 5.7% 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 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION RAISES, MANAGES, AND DISTRIBUTES PRIVATE RESOURCES FOR THE BENEFIT OF EAST CAROLINA UNIVERSITY, ITS STUDENTS AND ACADEMIC AND RESEARCH PROGRAMS.

Describe the Organization's Program Activity:

THE FOUNDATION PROVIDES FUNDING FOR STUDENT SCHOLARSHIPS AND AWARDS. THROUGH ITS MULTI-YEAR SCHOLARSHIP PROGRAMS, NAMED SCHOLARSHIPS, AND ANNUALLY FUNDED AWARDS THE FOUNDATION SEEKS TO ASSIST EAST CAROLINA UNIVERSITY STUDENTS IN ACHIEVING THEIR EDUCATION GOALS. DURING 2022, THE FOUNDATION AWARDED SCHOLARSHIPS TO 2,081 RECIPIENTS TOTALING $3,958,510 AND 81 AWARDS TOTALING $72,232.


THE FOUNDATION PROVIDES PROGRAM FUNDING TO EAST CAROLINA UNIVERSITY. THIS PROGRAM SUPPORT INCLUDES FACULTY DEVELOPMENT AND TRAVEL, AS WELL AS PROVIDING FUNDING FOR STUDENT EXPERIENCES THAT ARE THE HALLMARKS OF AN EXCELLENT INSTITUTION.


THE FOUNDATION ASSISTS EAST CAROLINA UNIVERSITY IN THE RECRUITMENT AND RETENTION OF HIGHLY QUALIFIED FACULTY AND ADMINISTRATORS BY PROVIDING FUNDING FOR FACULTY AND ADMINISTRATOR COMPENSATION.


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Board, Officers & Key Employees

Name (title)Compensation
Christopher M Dyba
President
$0
Stephanie Coleman
Treasurer
$0
Matt Slate
Chair
$0
Kara Blount
Vice Chair
$0
Nick Crabtree
Secretary
$0
Steve Jones
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Ithaka
Library Journals
$202,230
Valerie M Conger
Contracted Services
$122,952
Aramark Educational Services Llc
Food Service
$114,948
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$64,488
Related organizations$0
Government grants $350
All other contributions, gifts, grants, and similar amounts not included above$12,503,308
Noncash contributions included in lines 1a–1f $576,847
Total Revenue from Contributions, Gifts, Grants & Similar$12,568,146
Total Program Service Revenue$252,771
Investment income $8,872,638
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $7,044,128
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $28,752,906

Grants Awarded

Over the last fiscal year, East Carolina University Foundation Inc has awarded $3,099,589 in support to 2 organizations.

Grant RecipientAmount

EAST CAROLINA UNIVERSITY

PURPOSE: GENERAL PROGRAM

$3,019,355

ECU MEDICAL & HLTH SCIENCE FN

Org PageRecipient Profile

Greenville, NC

PURPOSE: GENERAL PROGRAM

$80,234
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 35 grants that East Carolina University Foundation Inc has recieved totaling $2,012,620.

Awarding OrganizationAmount
Maynard Family Foundation

Raleigh, NC

PURPOSE: MAYNARD SCHOLARSHIP FUND

$1,000,000
Harold H Bate Foundation Inc

New Bern, NC

PURPOSE: SUPPORT OF SCHOLARSHIPS, STUDENT EMERGENCY NEEDS, AND REGIONAL OUTREACH AT ECU; DOWDY FICKLIN STADIUM RENOVATION PROJECT

$681,600
Foundation For The Carolinas

Charlotte, NC

PURPOSE: CHARITABLE GIFT

$80,717
The Eddie And Jo Allison Smith Family Foundation Inc

Greenville, NC

PURPOSE: VARIOUS PROJECTS FOR THE SCHOOL OF MUSIC AND THEATER

$33,500
Community Foundation Of Nc East Inc

Greenville, NC

PURPOSE: Scholarships & General Support

$27,750
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$25,150
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$147,199,111
Earnings-$12,561,864
Admin Expense$1,330,478
Net Contributions$3,219,409
Grants$2,100,619
Ending Balance$134,425,559

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