North Carolina Agricultural Foundation Inc

Organization Overview

North Carolina Agricultural Foundation Inc is located in Raleigh, NC. The organization was established in 1946. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Carolina Agricultural 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, North Carolina Agricultural Foundation Inc generated $20.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $18.8m during the year ending 06/2023. While expenses have increased by 3.1% per year over the past 8 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 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO AID AND PROMOTE BY FINANCIAL ASSITANCE AND OTHERWISE ALL TYPES OF EDUCATION, RESEARCH, AND OTHER EXTENSION WITHIN THE COLLEGE OF AGRICULTURE AND LIFE SCIENCES AT NC STATE UNIVERSITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

AIDS AND PROMOTES BY FINANCIAL ASSISTANCE AND OTHERWISE ALL TYPES OF EDUCATION, RESEARCH, AND OTHER EXTENSION WITHIN THE COLLEGE OF AGRICULTURE AND LIFE SCIENCES AT NC STATE UNIVERSITY.


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Board, Officers & Key Employees

Name (title)Compensation
Alex Watkins
Director
$0
Amy Dalrymple
Director
$0
Andrew Burleson
Director
$0
Andrew Eure Jr
Director
$0
Andy Curliss
Director
$0
Antoine Moore
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$188,656
Related organizations$0
Government grants $449,803
All other contributions, gifts, grants, and similar amounts not included above$13,276,534
Noncash contributions included in lines 1a–1f $917,128
Total Revenue from Contributions, Gifts, Grants & Similar$13,914,993
Total Program Service Revenue$2,044,336
Investment income $962,060
Tax Exempt Bond Proceeds $0
Royalties $275,148
Net Rental Income $0
Net Gain/Loss on Asset Sales $3,358,878
Net Income from Fundraising Events $224,656
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $20,780,071

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