Nc State Investment Fund Inc
89% goes to programs Strong reserves Growing revenue
Nc State Investment Fund Inc is a 501(c)(3) organization based in Raleigh, North Carolina, registered in 1998, with $304,333,028 in FY2024 revenue. CharityIndex grades it A, and it directs about 89% of spending to programs.
Ncsu Box 7207, Raleigh, NC, 27695 EIN 31-1607634 Since 1998
Revenue (FY2024)
$304.3M
▲ 105.9% vs prior year
Education median: $200K
Expenses (FY2024)
$95.3M
Net assets
$2.5B
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating89% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Nc State Investment Fund Inc: 89% to programs earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating316 mo reserves · +69% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Nc State Investment Fund Inc: 316 mo reserves · +69% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Nc State Investment Fund Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Nc State Investment Fund Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
The organization supports north carolina state university by operating an investment fund.
Contact & location
- Address
- Ncsu Box 7207, Raleigh, NC, 27695
- City
- Raleigh
- State
- North Carolina
- Category
- Education
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $60.0M (FY2013) to $304.3M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $752KNet assets $2.5B
Operating margin
68.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.5B
Total liabilities
$752K
Net assets
$2.5B
Salaries & benefits
$0
0% of expenses
Board members
18
12 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $304,333,028▲106% | $95,312,089▲17.0% | $2,510,155,029▲15.3% | $2,510,907,202▲15.3% | 990 |
| 2023 | $147,809,744▼23.4% | $81,467,353▲2.4% | $2,176,422,689▲9.8% | $2,177,135,434▲9.8% | 990 |
| 2022 | $192,914,509▲16.0% | $79,542,174▲13.9% | $1,981,957,045▲2.7% | $1,982,712,995▲2.7% | 990 |
| 2021 | $166,344,497▼11.4% | $69,837,460▲14.0% | $1,929,190,763▲5.5% | $1,930,063,391▲5.5% | 990 |
| 2020 | $187,846,779▲159% | $61,282,182▲2.8% | $1,828,477,763▲43.1% | $1,829,305,242▲43.1% | 990 |
| 2019 | $72,517,372▲19.4% | $59,607,394▲7.4% | $1,277,396,383▲1.2% | $1,277,987,655▲1.2% | 990 |
| 2018 | $60,750,072▼28.7% | $55,494,685▲28.2% | $1,261,957,359▲5.8% | $1,262,554,074▲5.8% | 990 |
| 2017 | $85,161,009▼45.8% | $43,275,277▲42.0% | $1,193,020,089▲12.6% | $1,193,587,474▲12.6% | 990 |
| 2016 | $157,177,942▲218% | $30,484,012▲1.1% | $1,059,431,278▲24.0% | $1,059,936,677▲24.1% | 990 |
| 2015 | $49,379,854▼78.7% | $30,146,059▲6.6% | $854,043,438▲0.7% | $854,418,831▲0.7% | 990 |
| 2014 | $231,949,975▲287% | $28,279,758▲37.5% | $848,142,679▲41.9% | $848,482,424▲41.8% | 990 |
| 2013 | $59,986,166 | $20,569,104▲28.4% | $597,884,116▲23.3% | $598,164,863▲23.3% | 990 |
| 2012 | — | $16,015,575▼27.9% | $484,974,168▲22.1% | $485,210,427▲22.1% | 990 |
| 2011 | — | $22,222,522▲1013% | $397,192,038▲5.0% | $397,392,468▲5.0% | 990 |
| 2010 | — | $1,997,489▼84.9% | $378,259,552▲20.5% | $378,450,005▲20.6% | 990 |
| 2009 | — | $13,266,504 | $313,827,943 | $313,827,943 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Andrea Duhon | Director | 1 | — |
| Bill Trent | Director | 1 | — |
| Blas Arroyo | Director | 1 | — |
| Brian Sischo | Vice Chancellor | 1 | — |
| Charles Collins | Director | 1 | — |
| Charles Maimone | Treasurer | 1 | — |
| Christine Holmes | Director | 1 | — |
| Dana Harris | Assistant Treasurer | 1 | — |
| Derick Close | Chair | 1 | — |
| Elizabeth Cooley | Director | 1 | — |
| Erin Delehanty | Secretary | 1 | — |
| Frank Buckless | Director | 1 | — |
| Hans Warren | Director | 1 | — |
| Mike Lawrence | Director | 1 | — |
| Nancy Webster | Director | 1 | — |
| Paula Woodall | Director | 1 | — |
| Wes Covell | Director | 1 | — |
| W Randolph Woodson | Chancellor | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Unc Management Company Inc | Investment Management Services | $2,894,279 |
Grants made · $73.6M in FY2023
10 grants totaling $73.6M in FY2023. All grants made by Nc State Investment Fund Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Endowment Fund of Nc State University | Scholarships, faculty support, departmental support and facility support | $23,526,490 |
| North Carolina State University Foundation Inc | Scholarships, faculty support, departmental support and facility support | $22,824,070 |
| North Carolina Agricultural Foundation Inc | Scholarships, faculty support, departmental support and facility support | $6,625,200 |
| Nc State Engineering Foundation Inc | Scholarships, faculty support, departmental support and facility support | $5,871,871 |
| North Carolina Veterinary Medical Foundation Inc | Scholarships, faculty support, departmental support and facility support | $3,275,966 |
| North Carolina State University Alumni Association | Scholarships, faculty support, departmental support and facility support | $2,868,200 |
| North Carolina Textile Foundation Inc | Scholarships, faculty support, departmental support and facility support | $2,700,551 |
| Nc Student Aid Association Inc | Scholarships, faculty support, departmental support and facility support | $2,284,748 |
| Nc State Natural Resources Foundation Inc | Scholarships, faculty support, departmental support and facility support | $2,081,805 |
| North Carolina State University College of Sciences Foundation Inc | Scholarships, faculty support, departmental support and facility support | $1,541,435 |
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Frequently asked questions
- Is Nc State Investment Fund Inc a legitimate nonprofit?
- Yes. Nc State Investment Fund Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 31-1607634, based in Raleigh, North Carolina. Donations are tax-deductible.
- What is Nc State Investment Fund Inc's EIN?
- Nc State Investment Fund Inc's Employer Identification Number (EIN) is 31-1607634.
- How much revenue does Nc State Investment Fund Inc report?
- Nc State Investment Fund Inc reported $304,333,028 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Nc State Investment Fund Inc's spending goes to programs?
- Nc State Investment Fund Inc spends about 89% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Nc State Investment Fund Inc have?
- CharityIndex grades Nc State Investment Fund Inc A, based on program efficiency and fundraising cost.
- How much does Nc State Investment Fund Inc's highest-paid employee make?
- The highest reported compensation on Nc State Investment Fund Inc's latest Form 990 is $0, paid to Andrea Duhon (Director).
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Data for Nc State Investment Fund Inc (EIN 31-1607634) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.