Overview
What is The North Carolina A&T Real Estate Foundation Inc?
The North Carolina A&T Real Estate Foundation Inc is a nonprofit organization based in Greensboro, North Carolina. Its primary focus is to provide financial support to North Carolina A&T State University by managing various funds, including scholarships, endowments, and grants. This foundation has received generous grants totaling $2,842,000 from the Charles & Lynn Schuster Family Foundation, the National MANRRS Office, the NC Pork Council, JPMorgan Chase Bank, N.A., and Toyota Motor Company. These grants benefit aspiring Black educators, establish assistantship programs, support graduate students, fund financial literacy and TRIO programs, and prepare business leaders. Additionally, the Foundation directly awards scholarships worth $343,790.78, and disburses funds from department scholarship accounts and the Thurgood Marshall Fund for emergency assistance to students affected by COVID-19. The mission of The North Carolina A&T Real Estate Foundation is to support the university's academic and community engagement endeavors through real estate management and acquisition.
Is The North Carolina A&T Real Estate Foundation Inc legitimate?
The North Carolina A&T Real Estate Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The North Carolina A&T Real Estate Foundation 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.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,865,607
For more financial information, click here
What is the mission statement of The North Carolina A&T Real Estate Foundation Inc?
The North Carolina A&T Real Estate Foundation Inc aims to support North Carolina A&T State University by providing scholarships and institutional assistance to students, faculty, and departments. Their mission is to enhance the academic environment by managing and acquiring real estate or real estate-related projects. This includes cultivating and managing gifts of real estate, acquiring strategic properties, and generating a consistent revenue stream through selling, leasing, developing, or transferring real estate. Ultimately, the Foundation's activities contribute to the university's goals of exemplary teaching, scholarly research, and community engagement.
Who is the CEO of The North Carolina A&T Real Estate Foundation Inc?
Kimberly Cameron is the Director of The North Carolina A&T Real Estate Foundation Inc.
What is the revenue of The North Carolina A&T Real Estate Foundation Inc?
The North Carolina A&T Real Estate Foundation Inc's revenue in 2022 was $33,021,773.
Who are the executives of The North Carolina A&T Real Estate Foundation Inc and what are their salaries?
- Harold Martin (Director)
- Kim Cameron (Executive Director)
- Jacqueline Stringfellow (Director Of Accounting)
- Darrell Perry (Director)
- Torian R Priestly (Chair) [Trustee/Director]
- Adrienne Bain (Director)
- Harold Cogdell Esq (Director)
- Walker Sanders (Director)
- Russ Parmele (Vice Chair) [Trustee/Director]
- Clifford Maske (Director)
- Jennifer Duru-Perry (Secretary) [Trustee/Director]
- Napoleon Wallace (Director)
- Daniel Lim (Treasurer) [Trustee/Director]
Where can I find the form 990 for The North Carolina A&T Real Estate Foundation Inc?
The The North Carolina A&T Real Estate Foundation Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of The North Carolina A&T Real Estate Foundation Inc
The North Carolina A&T Real Estate Foundation, Inc. is a charitable organization dedicated to advancing North Carolina A&T State University by providing scholarships, institutional support, and managing real estate projects. The Foundation's primary mission is to enhance the academic environment at the University through the strategic acquisition, ownership, transfer, development, and management of real estate or real estate-related projects.
To fulfill this mission, The North Carolina A&T Real Estate Foundation engages in various activities. It cultivates and manages gifts of real estate on behalf of the University and its affiliated entities. By acquiring strategic real estate, the Foundation supports the University's strategic plan and master capital plan. The Foundation also generates revenue by selling, leasing, developing, or transferring real estate solely for the benefit of North Carolina A&T State University and its related organizations. Lastly, the Foundation manages a diverse portfolio of real estate assets to provide a consistent revenue stream in support of the University's initiatives.
In essence, The North Carolina A&T Real Estate Foundation is an essential partner in the University's mission to provide a quality educational experience, conducting scholarly and creative research, and engaging in community service and public service. Through its real estate endeavors, the Foundation contributes significantly to the financial stability and growth of North Carolina A&T State University.
Impact
This information is meant to be a general summary of The North Carolina A&T Real Estate Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The impact of The North Carolina A&T Real Estate Foundation Inc goes beyond providing scholarships and institutional support to North Carolina A&T State University students, faculty, and departments. The Foundation's management of fund accounts and newly awarded grants totaling $2,842,000 from various corporations and organizations has enabled them to support initiatives such as scholarships for aspiring Black educators, assistantship programs, financial literacy programs, and programs to prepare business leaders for the global market.
Additionally, the Foundation directly awarded scholarships totaling $343,790.78 and provided emergency funds to students impacted by COVID-19. By leveraging their resources and real estate-related projects, the Foundation has been able to contribute significantly to NCA&T State University's mission of exemplary teaching, research, community engagement, and public service.
Through strategic real estate acquisitions, sales, leases, developments, and portfolio management, the Foundation ensures a consistent revenue stream that directly benefits the university and its associated entities. Overall, The North Carolina A&T Real Estate Foundation Inc plays a crucial role in supporting the university's growth and impact in the education sector.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Income
Revenue
$22,426,599
Organization Details
Founding Year
1946
Phone
(336) 433-5560
Principal Officer
Kimberly Cameron
Main Address
PO Box 20366, Greensboro, NC, 27420
NTEE Category
Code: B820 - Education
If you are a representative of The North Carolina A&T Real Estate Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.