Nc State University Partnership Corporation
Nc State University Partnership Corporation reported $13.7 million in revenue and $12.9 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $93.97 went to program services, $6.03 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 41.1% of the total. The highest compensation it reported for one person was $576,553 (VICE PRESIDENT). Revenue rose 114% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $13MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $14MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 94.0% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 6.0% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 41.1% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 34.3% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $576,553 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 4.46% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 0 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 21.7 | 13.3 |
| Independent voting board members Part VI 1a–1b | 0 of 4 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseResearch - to manage, operate, host and oversee research related operations, units, activities and initiatives of university faculty, departments, centers and institutes, as well as federal agencies
Centennial development - to construct, own, and operate a golf course located on the north carolina State University centennial campus
Linc - to foster economic development and creation of new knowledge by facilitating commercialization of technologies developed at the nonwovens institute at nc State University
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| VICE PRESIDENT Director/trustee, officer, 1.00 hrs/week | $0 | $519,963 | $56,590 | $576,553 |
| TREASURER Director/trustee, officer, 1.00 hrs/week | $0 | $426,300 | $112,636 | $538,936 |
| PRESIDENT/EXECUTIVE DIRECTOR Director/trustee, officer, 1.00 hrs/week | $0 | $290,290 | $79,282 | $369,572 |
| SECRETARY UNTIL 6/27/2025 Director/trustee, officer, 1.00 hrs/week | $0 | $294,951 | $49,447 | $344,398 |
| ASSISTANT SECRETARY Officer, 1.00 hrs/week | $0 | $96,093 | $31,649 | $127,742 |
0 people received more than $100,000 in reportable compensation from Nc State University Partnership Corporation (Part VII, line 2).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b4 · 0 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 50
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| ZEITRAUM STUDENT HOUSING Leasing | $565,984 |
| PERPETUM AS Office space vendor | $512,978 |
| C R LUTZKE LLC Construction | $414,963 |
| SALISBURY & MOORE CONSTRUCTION INC Construction | $107,341 |
Individuals listed as contractors are left out. 4 contractors were paid more than $100,000 in all.
Private foundation grants it received
1 private foundation reported grants to Nc State University Partnership Corporation totaling $11,000 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Nc State University Partnership Corporation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Nc State University Partnership Corporation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Nc State University Partnership Corporation spent in FY2025, $93.97 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Hoosier AcademyIndianapolis, IN · revenue $14M · programs 95.1% · FY2025
- Global Village Academy NorthThornton, CO · revenue $14M · programs 57.9% · FY2025
- Vistamar SchoolEl Segundo, CA · revenue $14M · programs 79.6% · FY2025
- Associated Students of California State University SacramentoSacramento, CA · revenue $14M · programs 81.4% · FY2025
- River Charter SchoolsClarksburg, CA · revenue $14M · programs 86.5% · FY2025
All education charities · Largest charities in North Carolina
Questions people ask
How much of Nc State University Partnership Corporation's spending goes to programs?
In the fiscal year ending June 30, 2025, Nc State University Partnership Corporation reported that 94.0% of its $12.9 million in expenses went to program services, 6.0% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Nc State University Partnership Corporation pay its top executive?
The largest total compensation Nc State University Partnership Corporation reported for one person in the fiscal year ending June 30, 2025 was $576,553, for the role of VICE PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Nc State University Partnership Corporation get its money?
Of $13.7 million in revenue in the fiscal year ending June 30, 2025, 41.1% came from contributions and grants and 34.3% from program service revenue (Form 990, Part VIII).
Is Nc State University Partnership Corporation a registered charity?
The IRS lists EIN 56-1444287 as a 501(c)(3) organization (supporting organization (509(a)(3))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202543439349300004 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202433409349301213 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202400459349301045 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202320129349302022 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202220419349301217 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202101799349300410 · read the filing
All filings for EIN 56-1444287: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.