North Carolina State University Alumni Association in Raleigh, North Carolina (NC)

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North Carolina State University Alumni Association
Employer Identification Number (EIN)566035544
Name of OrganizationNorth Carolina State University Alumni Association
AddressNcsu Box 7207, Raleigh, NC 27695-0001
ActivitiesAlumni association or group
SubsectionEducational Organization
Ruling Date02/1953
DeductibilityContributions are deductible
FoundationOrganization which operates for benefit of college or university and is owned or operated by a governmental unit
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2012
Assets$10,000,000 to $49,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$27,916,161
Amount of Income$4,903,025
Form 990 Revenue Amount$2,781,277
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Alumni Associations


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Amount of income in 2012: $4,903,025
North Carolina State University Alumni Association: 

 $4,903,025
Other organizations performing similar types of work: 

 $518,540

Assets in 2012: $27,916,161
North Carolina State University Alumni Association: 

 $27,916,161
Other organizations performing similar types of work: 

 $3,345,064

Expenses in 2002: $2,738,768
North Carolina State University Alumni Association: 

 $2,738,768
Other organizations performing similar types of work: 

 $921,400

Income to expenses ratio in 2002: 1.5
This organization: 

 1.5
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2002: 90.8%
This organization: 

 90.8%
Other organizations performing similar types of work: 

 72.9%

Grants share in income in 2002: 54.2%
This organization: 

 54.2%
Other organizations performing similar types of work: 

 18.3%

Financial snapshot ($)

Revenue for 2002

Assets at end of 2002

Expenses for 2002

Functional Expenses for 2002 ($)

Income-Producing Activities for 2002

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2002
Total revenue$4,240,898
Contributions, gifts, grants, and similar amounts received$2,297,797
Contributions to donor advised funds
Direct public support$2,297,797
Indirect public support$0
Government contributions (grants)$0
Program service revenue including government fees and contracts$0
Membership dues and assessments$368,320
Interest on savings and temporary cash investments$0
Dividends and interest from securities$157,496
Net rental income or (loss)$0
Gross rents$0
Less: rental expenses$0
Other investment income$0
Gain or (loss) from sales of assets other than inventory$284,673
Gross amount from sales of assets other than inventory$3,453,473
Less: cost or other basis and sales expenses$3,168,800
Net income or (loss) from special events and activities$0
Gross revenue$0
Less: direct expenses other than fundraising expenses$0
Gross profit or (loss) from sales of inventory$0
Gross sales of inventory, less returns and allowances$0
Less: cost of goods sold$0
Other revenue$1,132,612
Total expenses$2,738,768
Program services$2,488,032
Management and general$250,736
Fundraising$0
Payments to affiliates$0
Net assets or fund balances at end of year$28,255,580
Excess or (deficit) for the year$1,502,130
Net assets or fund balances at beginning of year$27,689,632
Other changes in net assets or fund balances$-936,182
Statement of Functional Expenses (for 2002)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$2,738,768$2,488,032$250,736$0
Grants paid from donor advised funds
Other grants and allocations$737,315
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above$119,594$119,594$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$19,342$0$19,342$0
Legal fees$0$0$0$0
Supplies$49,763$0$49,763$0
Telephone$14,988$0$14,988$0
Postage and shipping$57,811$0$57,811$0
Occupancy$0$0$0$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$14,683$0$14,683$0
Travel$18,388$0$18,388$0
Conferences, conventions, and meetings$2,660$0$2,660$0
Interest$0$0$0$0
Depreciation, depletion, etc.$12,100$0$12,100$0
Other expenses not covered above$1,692,124$1,631,123$61,001$0
Balance Sheets
2002
Total assets$30,327,572
Cash - non-interest-bearing$133,231
Savings and temporary cash investments$7,890,762
Accounts receivable less allowance for doubtful accounts$0
Pledges receivable less allowance for doubtful accounts$2,270,000
Grants receivable$0
Receivables from current and former officers, directors, trustees, and key employees$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$436,000
Inventories for sale or use$19,621
Prepaid expenses and deferred charges$0
Investments - publicly-traded securities
Investments - other securities$16,709,975
Investments - land, buildings, and equipment less accumulated depreciation$19,500
Investments - other$254,106
Land, buildings, and equipment less accumulated depreciation$2,582,743
Other assets, including program-related investments$11,634
Total liabilities$2,071,992
Accounts payable and accrued expenses$8,494
Grants payable$0
Deferred revenue$1,948,031
Loans from officers, directors, trustees, and key employees$0
Tax-exempt bond liabilities$0
Mortgages and other notes payable$0
Other liabilities$115,467
Total liabilities and net assets/fund balances$30,327,572
Total net assets or fund balances$28,255,580
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2002
Total revenue$4,240,898
Total revenue, gains, and other support per audited financial statements$3,504,730
Other expenses$-736,168
Net unrealized gains on investments$-1,254,216
Donated services and use of facilities$0
Recoveries of prior year grants$0
Other$518,048
Other revenue$0
Investment expenses$0
Other$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2002
Total expenses$2,738,768
Total expenses and losses per audited financial statements$3,256,816
Other revenue$518,048
Donated services and use of facilities$0
Prior year adjustments$0
Losses$0
Other$518,048
Other expenses$0
Investment expenses$0
Other$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?
Does the organization have a written conflict of interest policy?
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2002)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$1,417,285$525,816
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$368,320
Interest on savings and temporary cash investments000000$000$0$0
Dividends and interest from securities000000$000$0$157,496
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$284,673$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$0Royalty income excluded by section 512(b)(2)$1,132,612$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2002)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2002)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2002)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
Enter the total number of donor advised funds owned at the end of the tax year
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isNot controlled by disqualified persons/supports non private foundation
Support Schedule
2001
Total$0
Gifts, grants, and contributions received$0
Membership fees received$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0
Net income from unrelated business activities not included above$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0
Other income$0
Lobbying Expenditures by Electing Public Charities (for 2002)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?Yes
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$3,891,748
Contributions, Gifts, Grants and Other Similar Amounts$2,368,269
Program Service Revenue$529,562
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$44,266
Income from investment of tax-exempt bond proceeds$0
Royalties$794,774
Net rental income$0
Net gain from sales of assets other than inventory$48,143
Gross amount from sales of assets other than inventory (Securities / Other)$722,752 / $0
Less: cost or other basis and sales expenses (Securities / Other)$674,609 / $0
Gain or (loss) (Securities / Other)$48,143 / $0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$106,734
Statement of Functional Expenses (for 2011)
Total functional expenses$4,123,237
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Other$4,123,237
Balance Sheet (for 2011)
Total assets$28,070,008
Total liabilities$5,712,566
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$5,712,566
Total net assets or fund balances$22,357,442
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2011)
2007 - 2011 Total
Total Support$21,585,779
Gifts, grants, contributions, and membership fees received$17,352,366
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$4,233,413
Gross receipts from related activities, etc.$457,689
Unrelated Trade or Business Income (for 2008)
IncomeExpensesNet
Total$1,513,471$400,987$-249,640
Gross receipts or sales less returns and allowances$0$0$0
Cost of goods sold$0$0$0
Gross profit$0$0$0
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$0$0$0
Rent income$0$0$0
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$1,513,471$400,987$-249,640
Other income$0$0$0
Deductions Not Taken Elsewhere (for 2008)
Total deductions$0
Compensation of officers, directors, and trustees$0
Salaries and wages$0
Repairs and maintenance$0
Bad debts$0
Interest$0
Taxes and licenses$0
Charitable contributions$0
Depreciation$0
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$0
Excess exempt expenses$0
Excess readership costs$0
Other deductions$0
Unrelated business taxable income$-249,640
Unrelated business taxable income before net operating loss deduction$-249,640
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$-249,640
Specific deduction$1,000
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Wisconsin Alumni Research Foundation614 Walnut Street 13th Floor, Madison, WI 53726WI1935-03$316,462,024
2University Of Virginia Alumni AssociationPO BOX 400314, Charlottesvle, VA 22904-4314VA1930-02$57,331,953
3Purdue Alumni FdnWest Lafayette, IN 47906IN$20,182,210
4Ex Students Association Of ThePO BOX 7278, Austin, TX 78713-7278TX1937-10$19,742,413
5Association Of Former Students Of Texas A & M University505 George Bush Dr, College Sta, TX 77840-2918TX1971-09$19,300,488
6Alumni Association Of The University Of Michigan200 Fletcher St, Ann Arbor, MI 48109-1007MI1946-02$16,205,997
7United States Naval Academy Alumni Assoc247 King George St, Annapolis, MD 21402-1306MD1958-12$12,928,534
8Penn State Alumni AssociationHintz Family Alumni Center, University Park, PA 16802PA2000-01$12,858,020
9Lsu Alumni Association3838 W Lakeshore Dr, Baton Rouge, LA 70808-4600LA1960-09$8,634,847
10University Of Kentucky Alumni Association Inc400 Rose St, Lexington, KY 40506-0001KY1979-01$8,228,461
11Case Alumni Association10605 Chester Avenue, Cleveland, OH 44106-2264OH1952-10$7,034,411
12Kansas University Alumni Association1266 Oread Ave, Lawrence, KS 66045-3169KS1933-06$5,859,494
13Oklahoma State University Alumni Association201 Conoco Phillips Alumni Ctr, Stillwater, OK 74078-7003OK1956-11$5,673,132
14Wisconsin Alumni Association Inc650 N Lake St, Madison, WI 53706-1410WI1971-10$4,919,443
15North Carolina State University Alumni AssociationNcsu Box 7207, Raleigh, NC 27695-0001NC1953-02$4,903,025
16University Of Nebraska At Omaha Alumni Association60th And Dodge Street, Omaha, NE 68182-0001NE1939-04$4,369,690
17The University Of Houston Alumni AssociationPO BOX 230345, Houston, TX 77223-0345TX1942-02$3,549,131
18University Of Missouri Alumni Assn123 D W Reynolds Alumni Visitor Ctr, Columbia, MO 65211-0001MO1946-08$3,508,193
19Alumni Association Of The University Of Oregon1720 E 13th Ave Ste 119, Eugene, OR 97403-2253OR1996-11$3,298,805
20University Of Washington Alumni Association4333 Brooklyn Ave Ne 359508, Seattle, WA 98105-1016WA1991-07$3,217,408
21University Of Connecticut Alumni AssociationU-3053 Alumni Drive, Storrs, CT 06269-0001CT1976-05$2,753,538
22University Of Massachusetts At Amherst Alumni Association Inc134 Hicks Way, Amherst, MA 01003-9270MA1985-08$2,645,618
23Alumnae Association Of Smith College33 Elm St, Northampton, MA 01063-3702MA1945-05$1,893,499
24General Alumni Association Of The University Of Maine5719 Crossland Alimni Ctr, Orono, ME 04469-5719ME1996-03$1,889,274
25The Citadel Alumni Association171 Moultrie St, Charleston, SC 29409-0001SC1979-05$1,850,387
26Ucsb Alumni AssociationMosher Alumni House, Santa Barbara, CA 93106-1120CA1967-08$1,596,035
27Uci Alumni Association450 Alumni Ct, Irvine, CA 92697-0001CA1975-11$1,192,762
28Florida State University Alumni Association1030 W Tennessee St, Tallahassee, FL 32304-7719FL1954-02$1,124,170
29Alumnae Association Of Mills College5000 Macarthur Blvd Mb 86, Oakland, CA 94613-1301CA1954-10$587,593
30Uncg Alumni Assn Endowment FundPO BOX 26170, Greensboro, NC 27402-6170NC1954-12$176,167
Number of organizations performing similar types of work
California4
Connecticut3
District of Columbia1
Florida4
Georgia1
Idaho1
Illinois1
Indiana2
Kansas1
Kentucky2
Louisiana2
Massachusetts3
Maryland2
Maine1
Michigan2
Minnesota1
Missouri1
Mississippi1
North Carolina2
Nebraska2
New Hampshire1
New Jersey1
New York1
Ohio6
Oklahoma3
Oregon2
Pennsylvania3
South Carolina1
Texas8
Virginia2
Washington1
Wisconsin2
Total68

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