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Nc State Investment Fund Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 311607634 ✦ Raleigh, NC ✦ Designated as a 501(c)(3)

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Overview

What is Nc State Investment Fund Inc?

Nc State Investment Fund Inc is a North Carolina-based nonprofit organization that plays a crucial role in supporting North Carolina State University. By managing an investment fund, the organization contributes significantly to the university's financial well-being, using resources from the university endowment and related entities. This investment fund is the primary means by which Nc State Investment Fund Inc fulfills its mission to contribute to the university's success. The organization's focus on financial management and investment is essential for the ongoing growth and development of North Carolina State University.


Official website here: www.see schedule o

What are the reviews and ratings of this charity?

Charity Navigator Rating: 100%, Four-Star out of Four Star rating from Charity Navigator.

The Nc State Investment Fund Inc has achieved a perfect score of 100%, signifying exceptional accountability and financial health. This rating is derived from a comprehensive evaluation focused solely on their financial practices, demonstrating the organization's commitment to transparency and responsible management of funds.

Key strengths of the organization include a strong independent board structure, with 71% of members being independent and a total of 10 board members. The financial oversight is notable, as they have no material diversions of assets and maintain high program expense ratios, directing 89.51% of their resources towards programs. Their policies on conflict of interest, whistleblower protection, and document retention are all well-established and documented.

While the organization excels in its financial practices and governance, the data does not highlight any specific programs or outreach activities, which might be a consideration for potential donors looking to understand the impact of their contributions. Overall, Nc State Investment Fund Inc stands out as a model of financial integrity within the nonprofit sector.


This AI summary has been generated from information found on Charity Navigator.

Is Nc State Investment Fund Inc legitimate?

Nc State Investment Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nc State Investment Fund Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.see schedule o

What is the mission statement of Nc State Investment Fund Inc?

Nc State Investment Fund Inc plays a crucial role in supporting North Carolina State University by managing an investment fund. The organization's primary mission is to invest the funds of the North Carolina State University Endowment Fund and other university-related entities. Through effective investment strategies, the organization contributes significantly to the financial wellbeing of the university. By harnessing the power of investments, Nc State Investment Fund Inc helps ensure the long-term financial stability and growth of North Carolina State University. Additionally, the organization may provide financial resources that allow the university to pursue academic and research initiatives, ultimately contributing to its overall success.


Official website here: www.see schedule o

Who is the CEO of Nc State Investment Fund Inc?

Erin Delehanty is the Director of Nc State Investment Fund Inc.


Official website here: www.see schedule o

What is the revenue of Nc State Investment Fund Inc?

Nc State Investment Fund Inc's revenue in 2023 was $192,914,509.


Official website here: www.see schedule o

Who are the executives of Nc State Investment Fund Inc and what are their salaries?


Here are 19 key members and their salaries:


Christine Holmes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Clyde Phillip (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Thompson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wes Covell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Blas Arroyo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Trent (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ryan Dejong (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paula Woodall (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brendan Sullivan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Lawrence (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dana Harris (Assistant Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edward Weisiger (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hans Warren (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank Buckless (Director)
  • Compensation: $0
  • Related: $398,720
  • Other: $57,322
Erin Delehanty (Secretary)
  • Compensation: $0
  • Related: $178,758
  • Other: $51,157
Charles Maimone (Treasurer)
  • Compensation: $0
  • Related: $376,888
  • Other: $114,528
Brian Sischo (Vice Chancellor)
  • Compensation: $0
  • Related: $748,696
  • Other: $46,843
W Randolph Woodson (Chancellor)
  • Compensation: $0
  • Related: $901,220
  • Other: $81,216
Mary Peloquin-Dodd (Former Assistant Treasurer)
  • Compensation: $0
  • Related: $290,924
  • Other: $44,428


Official website here: www.see schedule o

Where can I find the form 990 for Nc State Investment Fund Inc?

Nc State Investment Fund Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.see schedule o

Learn more at the official website: www.see schedule o

Mission Statement of Nc State Investment Fund Inc

Nc State Investment Fund Inc plays a vital role in supporting North Carolina State University by managing an investment fund. This organization is dedicated to making prudent financial decisions that help to grow the assets under its care, which primarily include the North Carolina State University Endowment Fund and other university-related entities.

In essence, Nc State Investment Fund Inc functions as a financial steward, investing the funds entrusted to it with the goal of maximizing returns while minimizing risks. This mission is crucial as the returns generated by the investment fund help to provide ongoing financial support to North Carolina State University, ensuring its continued success and growth.

With a focus on investment management, Nc State Investment Fund Inc carries out its responsibilities diligently and responsibly. It employs a team of investment professionals who utilize their expertise and knowledge of the financial markets to make informed investment decisions. Through careful analysis and strategic planning, the organization aims to build a diversified portfolio that is well-positioned to weather market volatility and deliver strong long-term returns.

In conclusion, Nc State Investment Fund Inc is a critical partner to North Carolina State University, providing essential financial support through its investment activities. Its mission is to manage the university's funds in a responsible and effective manner, thereby contributing to the institution's ongoing success and sustainability.

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Impact




October, 2024

Nc State Investment Fund Inc plays a vital role in supporting North Carolina State University by managing and operating an investment fund. By investing the funds of the university's endowment and other related entities, it contributes to the financial sustainability and growth of the university's resources. This financial support enables the university to enhance its educational programs, provide scholarships, and invest in research initiatives, ultimately benefiting students and the broader academic community. Through its investment strategies, the organization helps ensure that North Carolina State University can continue to deliver high-quality education and foster innovation in various fields.




This information is meant to be a general summary of Nc State Investment Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$192,914,509 (2023)
Expenses
$79,542,174 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $92,004,749
  • Program Service Revenue: $100,909,760
  • Gross Receipts: $247,172,272

Assets and Liabilities:

  • Total Assets: $1,982,712,995
  • Total Liabilities: $755,950
  • Net Assets: $1,981,957,045

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PARTICIPANT ADDITIONS

Revenue

$100,909,760

Organization Details

Founding Year

1998

Principal Officer

Erin Delehanty

Main Address

NCSU BOX 7207, RALEIGH, NC, 27695

NTEE Category

Code: B110 - Education

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