North Carolina State University Foundation
North Carolina State University Foundation reported $164.9 million in revenue and $53.8 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $78.40 went to program services, $0.78 to management and general costs and $20.82 to fundraising. Its largest source of revenue was contributions and grants: 79.6% of the total. The highest compensation it reported for one person was $1,176,904 (EX-OFFICIO OFFICER CHANCELLOR). Revenue rose 364% 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 $54MFor 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 $165M- Contributions & grants (non-government)$79.63 $131M
- Program service revenue$5.48 $9.0M
- Investment income$14.89 $25M
Other revenue was negative: −$18,961. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 78.4% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 0.8% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 20.8% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.09 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 79.6% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 5.5% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $1,176,904 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.19% | 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 | 201.0 | 13.3 |
| Independent voting board members Part VI 1a–1b | 24 of 24 | 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 expenseSupports, by financial assistance, the various colleges within the university, the libraries, and other university-connected functions. The foundation awards scholarships, fellowships, and other awards based on the requirements stipulated by the contributors and/or recommendations of the board of directors
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 |
|---|---|---|---|---|
| EX-OFFICIO OFFICER CHANCELLOR Officer, 1.00 hrs/week | $0 | $1,082,490 | $94,414 | $1,176,904 |
| EX OFFICIO OFFICER PRESIDENT Director/trustee, officer, 1.00 hrs/week | $0 | $894,059 | $56,706 | $950,765 |
| EX OFFICIO OFFICER ASST. TREASURER Officer, 1.00 hrs/week | $0 | $426,300 | $112,636 | $538,936 |
| EX-OFFICIO OFFICER VP UNTIL 3/7/25 Officer, 1.00 hrs/week | $0 | $339,584 | $54,671 | $394,255 |
| EX OFFICIO OFFICER TREASURER Officer, 1.00 hrs/week | $0 | $290,290 | $79,282 | $369,572 |
| EX-OFFICIO OFFICER VP SINCE 3/14/25 Officer, 1.00 hrs/week | $0 | $225,271 | $39,506 | $264,777 |
| EX OFFICIO OFFICER ASST. TREASURER Officer, 1.00 hrs/week | $0 | $193,638 | $55,581 | $249,219 |
| EX OFFICIO OFFICER SECRETARY Officer, 1.00 hrs/week | $0 | $171,345 | $50,114 | $221,459 |
0 people received more than $100,000 in reportable compensation from North Carolina State University Foundation (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–1b24 · 24 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 14bNo
- Employees Part I, line 5117
- Volunteers Part I, line 625
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| HURON CONSULTING SERVICES LLC Consulting | $1,297,055 |
| SALESFORCE INC Crm software | $582,422 |
| MARKETING COMMUNICATION RESOURCE INC Marketing | $533,686 |
| CREATIVE VISIONS INC Marketing | $267,841 |
| UC INNOVATION INC Crm software | $232,175 |
Individuals listed as contractors are left out. 11 contractors were paid more than $100,000 in all.
Private foundation grants it received
22 private foundations reported grants to North Carolina State University Foundation totaling $527K 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 North Carolina State University Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for North Carolina State University Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 North Carolina State University Foundation spent in FY2025, $78.40 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Baldwin Wallace UniversityBerea, OH · revenue $165M · programs 85.7% · FY2025
- Franciscan University of SteubenvilleSteubenville, OH · revenue $165M · programs 88.1% · FY2025
- Whitworth UniversitySpokane, WA · revenue $164M · programs 78.1% · FY2025
- Lake Forest CollegeLake Forest, IL · revenue $165M · programs 89.8% · FY2025
- Palm Beach Atlantic UniversityWest Palm Beach, FL · revenue $164M · programs 84.7% · FY2025
All education charities · Largest charities in North Carolina
Questions people ask
How much of North Carolina State University Foundation's spending goes to programs?
In the fiscal year ending June 30, 2025, North Carolina State University Foundation reported that 78.4% of its $53.8 million in expenses went to program services, 0.8% to management and general and 20.8% to fundraising (Form 990, Part IX).
How much does North Carolina State University Foundation pay its top executive?
The largest total compensation North Carolina State University Foundation reported for one person in the fiscal year ending June 30, 2025 was $1,176,904, for the role of EX-OFFICIO OFFICER CHANCELLOR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does North Carolina State University Foundation get its money?
Of $164.9 million in revenue in the fiscal year ending June 30, 2025, 79.6% came from contributions and grants and 5.5% from program service revenue (Form 990, Part VIII).
Is North Carolina State University Foundation a registered charity?
The IRS lists EIN 56-6049503 as a 501(c)(3) organization (organization operated for a governmental college or university), 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 202503439349300305 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202403529349301210 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202323549349301107 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202203489349300305 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202113489349300941 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202110289349301621 · read the filing
All filings for EIN 56-6049503: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.