Nc State Engineering Foundation Inc

Organization Overview

Nc State Engineering Foundation Inc is located in Raleigh, NC. The organization was established in 1949. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. NC State Engineering 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 06/2023, NC State Engineering Foundation Inc generated $14.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $11.3m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

AIDS AND PROMOTES, BY FINANCIAL ASSISTANCE AND OTHERWISE, EDUCATIONAL, RESEARCH, AND EXTENSION IN THE COLLEGE OF ENGINEERING AT NORTH CAROLINA STATE UNIVERSITY

Describe the Organization's Program Activity:

Part 3 - Line 4a

AIDS AND PROMOTES, BY FINANCIAL ASSISTANCE AND OTHERWISE, EDUCATIONAL, RESEARCH, AND EXTENSION IN THE COLLEGE OF ENGINEERING AT NORTH CAROLINA STATE UNIVERSITY


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Board, Officers & Key Employees

Name (title)Compensation
Andrew Pita
Director
$0
Basil Hassan
Director
$0
Bhavana Bartholf
Director
$0
Bruce Baldwin
Director
$0
Carlos Banegas
Director
$0
David Dove
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$59,200
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$10,498,125
Noncash contributions included in lines 1a–1f $943,033
Total Revenue from Contributions, Gifts, Grants & Similar$10,557,325
Total Program Service Revenue$94,468
Investment income $432,578
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $3,643,087
Net Income from Fundraising Events -$32,526
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $14,694,932

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