East Carolina University Educational Foundation Inc

Organization Overview

East Carolina University Educational Foundation Inc, operating under the name Pirate Club, is located in Greenville, NC. The organization was established in 1950. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pirate Club 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 06/2022, Pirate Club generated $12.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $10.1m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF THE EAST CAROLINA UNIVERSITY EDUCATIONAL FOUNDATION, INC., D/B/A THE PIRATE CLUB, IS TO BE THE FRIEND-RAISING AND FUND-RAISING ARM OF EAST CAROLINA UNIVERSITY'S DIVISION I ATHLETICS PROGRAM, REPRESENTING THE HIGHEST PRINCIPLES OF HONESTY AND INTEGRITY. BY CONDUCTING ANNUAL FUND, ENDOWMENT, AND CAPITAL CAMPAIGNS IN SUPPORT OF STUDENT-ATHLETE SCHOLARSHIPS, ATHLETIC FACILITY ENHANCEMENTS AND OTHER PROGRAMMATIC NEEDS, THE PIRATE CLUB SEEKS TO BRING POSITIVE RECOGNITION TO EAST CAROLINA UNIVERSITY AND THE REGION IT SERVES THROUGH A COMPETITIVE ATHLETICS PROGRAM.

Describe the Organization's Program Activity:

ONE OF THE FOUNDATION'S OBJECTIVES AND GENERAL PURPOSES IS TO ASSIST IN PROVIDING PHYSICAL FACILITIES FOR EAST CAROLINA UNIVERSITY'S ATHLETICS PROGRAM.


ONE OF THE FOUNDATION'S OBJECTIVES AND GENERAL PURPOSES IS TO RENDER FINANCIAL AID AND OTHER ASSISTANCE TO DESERVING YOUNG MEN AND WOMEN IN ASSISTING THEM TO DEVELOP THEMSELVES PHYSICALLY AND MENTALLY AND IN OTHER WAYS CONSISTENT WITH A BROAD GENERAL EDUCATION.


THE FOUNDATION FUNDS INSURANCE FOR COURTESY CARS PROVIDED TO ATHLETICS STAFF AND COACHES, COUNTRY CLUB DUES AND MEMBERSHIPS FOR ATHLETICS STAFF AND COACHES, RESTRICTED TRANSFERS TO ATHLETICS DEPARTMENTS AND MISCELLANEOUS PURCHASES FOR ITEMS AND SERVICES ATHLETICS CANNOT PURCHASE ACCORDING TO STATE OF NORTH CAROLINA AND/OR UNIVERSITY GUIDELINES, IMPROVEMENTS TO ATHLETICS FACILITIES, AND OTHER ATHLETICS PROGRAMMATIC NEEDS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$18,008
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$9,882,113
Noncash contributions included in lines 1a–1f $507,051
Total Revenue from Contributions, Gifts, Grants & Similar$9,900,121
Total Program Service Revenue$0
Investment income $472,748
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,641,226
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $4,072
Miscellaneous Revenue$0
Total Revenue $12,018,167

Grants Recieved

Over the last fiscal year, we have identified 26 grants that East Carolina University Educational Foundation Inc has recieved totaling $2,839,726.

Awarding OrganizationAmount
Maynard Family Foundation

Raleigh, NC

PURPOSE: MAYNARD SCHOLARS

$1,500,000
Maynard Family Foundation

Raleigh, NC

PURPOSE: CAPITAL CAMPAIGN

$1,000,000
Winston-Salem Foundation

Winstonsalem, NC

PURPOSE: 1 GRANT(S) FOR VARYING PURPOSES

$100,000
The Blackbaud Giving Fund

Charleston, SC

PURPOSE: GENERAL SUPPORT

$57,178
The Blackbaud Giving Fund

Charleston, SC

PURPOSE: GENERAL SUPPORT

$57,178
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$41,689
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$23,212,219
Earnings-$3,013,187
Net Contributions$347,573
Other Expense$100,000
Grants$600,475
Ending Balance$19,846,130

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