2024-04-24T15:39:53-04:00 2023-06-30 561138530 BUTLER BURKE LLP 100 CLUB OAKS COURT SUITE A WINSTONSALEM NC 27104 990 2022-07-01 560989620 WINSTON-SALEM STATE UNIV FDN INC WINS 3367503005 CAMPUS BOX 19537 NO 304 WINSTONSALEM NC 27110 DR LATANYA D AFOLAYAN EXECUTIVE DIRECTOR 3367503005 2024-04-23 true LATANYA D AFOLAYAN 999009999 false JANE R POTTER P01057495 3367682310 2024-04-23 2022 2023-04-26 12:10:37Z DR LATANYA D AFOLAYAN CAMPUS BOX 19537 NO 304 WINSTONSALEM NC 27110 8698843 false X N/A X 1970 NC TO PROVIDE FINANCIAL SUPPORT TO THE STUDENTS AND FACULTY OF WINSTON-SALEM STATE UNIVERSITY. 21 21 36 20 0 5694322 4902708 2871017 2340229 1133596 910927 307998 544979 10006933 8698843 1140704 1495647 0 278765 343071 50000 0 805 5521983 6538652 6991452 8377370 3015481 321473 99996006 98940013 33578783 31757132 66417223 67182881 X THE WINSTON-SALEM STATE UNIVERSITY FOUNDATION, INCORPORATED, (THE "FOUNDATION") A NON-PROFIT CORPORATION, SOLICITS AND COLLECTS CONTRIBUTIONS TO PROVIDE SCHOLARSHIPS AND AID TO STUDENTS AND FACULTY OF WINSTON-SALEM STATE UNIVERSITY (THE "UNIVERSITY") AND FINANCIAL SUPPORT FOR THE EDUCATIONAL PROGRAMS OF THE UNIVERSITY. false false 1495647 1495647 SCHOLARSHIP ASSISTANCE TO STUDENTS: IN THIS FISCAL YEAR, THE FOUNDATION AWARDED 956,569 IN SCHOLARSHIPS TO STUDENTS ON THE WSSU CAMPUS. ADDITIONAL FUNDS WERE GIVEN TO WSSU, WHO DISBURSED ADDITIONAL SCHOLARSHIPS TO ITS STUDENTS. 1740634 749272 STUDENT/FACULTY SPECIAL ASSISTANCE- THE FOUNDATION PROVIDED SUPPORT TO CAMPUS PROGRAMS AND INITIATIVES SUCH AS THE UNIVERSITY CHOIR, RED SEA OF SOUND MARCHING BAND, OFFICE OF INTERNATIONAL PROGRAMS FOR STUDY ABROAD, FACULTY AND STAFF DEVELOPMENT, STUDENT LEADERSHIP DEVELOPMENT AND CAREER SERVICES. 2220098 1590957 STUDENT HOUSING FACILITY- THE FOUNDATION, THROUGH A WHOLLY OWNED SUBSIDIARY, WINSTON-SALEM STATE UNIVERSITY HOUSING FOUNDATION, LLC (THE "LLC"), OPERATES THREE STUDENT HOUSING FACILITIES. THE FIRST, RAMS COMMONS, IS A 446 BED FACILITY SITUATED ON APPROXIMATELY 7.7 ACRES ADJACENT TO THE UNIVERSITY CAMPUS. IT INCLUDES FOUR RESIDENTIAL BUILDINGS, ONE COMMUNITY CENTER, AND OFF-SITE PARKING. THE SECOND STUDENT HOUSING FACILITY, GLEASON-HAIRSTON TERRACE, IS SITUATED ON APPROXIMATELY 8.3 ACRES. THE 405 BED FACILITY IS LOCATED ON THE SOUTHWEST SIDE OF THE UNIVERSITY CAMPUS. GLEASON-HAIRSTON OPENED FOR STUDENT OCCUPANCY IN AUGUST 2005. FOUNDATION HEIGHTS, THE THIRD PRIVATIZED STUDENT HOUSING PROJECT SPONSORED BY THE FOUNDATION WAS FUNDED THROUGH AN ADDITIONAL BOND ISSUE. THIS FOUR STORY APARTMENT COMMUNITY, SITUATED ON APPROXIMATELY 6 ACRES ON THE SOUTHWEST SIDE OF THE CAMPUS, INCLUDES ONE RESIDENTIAL BUILDING CONTAINING 72 UNITS AND A TOTAL OF 316 BEDS. FOUNDATION HEIGHTS OPENED FOR STUDENT OCCUPANCY IN 2007. RAMS COMMONS, GLEASON-HAIRSTON TERRACE AND FOUNDATION HEIGHTS ARE LEASED TO WINSTON-SALEM STATE UNIVERSITY BY THE LLC. 5456379 true true false false false false false false false true true true false false false true false true false false false false false false false false false true false true true false false false false false false false false false false false false false false true false false false false true 153 0 true 36 true false false false false false false false false false false false false X 21 21 false false false false false false false true true false false true true true true true true false false false NC X THE ORGANIZATION 3367503154 CAMPUS BOX 19537 SUITE 304 WINSTONSALEM NC 27110 X GORDON SLADE FINANCE DIRE 40.00 X 120407 0 6501 DR LATANYA D AFOLAYAN EXECUTIVE DI 5.00 X 0 0 0 KRISTIE BENSON DIRECTOR 1.00 X 0 0 0 TAMARA BROTHERS DIRECTOR 1.00 X 0 0 0 NICOLE CARR DIRECTOR 1.00 X 0 0 0 BARRY EISENBERG DIRECTOR 1.00 X 0 0 0 AYANNA FERGUSON DIRECTOR 1.00 X 0 0 0 DR ALEX JOHNSON DIRECTOR 1.00 X 0 0 0 SHARON JEFFRIES-JONES DIRECTOR 1.00 X 0 0 0 JONATHAN LINDSAY DIRECTOR 1.00 X 0 0 0 CANDRICE OLIVER DIRECTOR 1.00 X 0 0 0 THE HONORABLE CAMILLE BANKS-PRINCE DIRECTOR 1.00 X 0 0 0 DR ELWOOD ROBINSON DIRECTOR 1.00 X 0 0 0 DR ERIC SADLER DIRECTOR 1.00 X 0 0 0 DR CLAYTON SCOTT DIRECTOR 1.00 X 0 0 0 TRES VANCE DIRECTOR 1.00 X 0 0 0 LYNNE WALKER DIRECTOR 1.00 X 0 0 0 CHRISTOPHER WILSON DIRECTOR 1.00 X 0 0 0 MO WRIGHT DIRECTOR 1.00 X 0 0 0 MARCUS COX CHAIR 1.00 X X 0 0 0 CRYSTAL THOMPKINS VICE-CHAIR 1.00 X X 0 0 0 BRIAN VANNOY TREASURER 1.00 X X 0 0 0 DR SIOBAHN GRADY SECRETARY 1.00 X X 0 0 0 120407 6501 1 false false true 44160 4858548 5186 4902708 STUDENT HOUSING 900099 1590957 1590957 PROGRAM REVENUE 900099 749272 749272 2340229 643817 643817 267110 267110 267110 267110 ADMIN FEES-INVESTMENTS 900099 532178 532178 MISCELLANEOUS INCOME 900099 12801 12801 544979 8698843 2340229 1455906 1495647 1495647 288551 288551 12120 12120 14519 14519 27881 27881 8816 8816 76695 76695 124705 124705 566550 4670 561880 21796 5090 16706 61893 61893 193409 193409 198433 198433 1450850 1450850 147206 51180 96026 10735 10735 SPECIAL PROGRAMS 1646264 1646264 MISCELLANEOUS/OTHER 1183591 1182786 805 ADMINISTRATION FEES 557311 557311 BAD DEBT EXPENSE 169736 169736 120662 120662 8377370 5456379 2920186 805 4901051 4781838 6577085 6797696 1175990 559466 13063 18207 28689179 27129286 8626 8626 5315127 292007 5119145 5023120 53108402 54269488 403465 352286 99996006 98940013 537404 684154 33041379 31072978 33578783 31757132 X 32441727 31721343 33975496 35461538 66417223 67182881 99996006 98940013 321473 444185 X false true X true false X 2870399 3656078 33527059 5694322 4902708 50650566 2870399 3656078 33527059 5694322 4902708 50650566 908881 49741685 261267 170909 202621 738199 643817 2016813 386495 207164 467695 282248 544979 1888581 54555960 12766624 0.91180 0.94070 X PART II, LINE 10 ADMIN FEES 1,875,780 MISCELLANEOUS 12,801 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 36621465 1491156 -42172 1245099 36825350 24764575 11043817 1077431 264358 36621465 16829280 1553627 6640061 258393 24764575 14905827 2100948 375863 553358 16829280 14236702 554831 1147707 1033413 14905827 0.28800 0.40210 0.30990 true false 2985534 2985534 2206933 176555 2030378 122660 115452 7208 5023120 UNC INVESTMENT FUND II 54269488 F 54269488 X 9018323 444185 444185 8574138 124705 124705 8698843 8252665 8252665 124705 124705 8377370 SCHEDULE D, PAGE 2, PART V, LINE 4 ENDOWMENT FUNDS ARE ESTABLISHED TO SUPPORT STUDENT SCHOLARSHIPS, STUDENT AND FACULTY DEVELOPMENT, AND STUDENT SERVICES. EARNINGS ON ALL ENDOWED FUNDS ARE DISBURSED BASED ON WRITTEN CRITERIA ESTABLISHED BY OUR DONORS. SCHEDULE D, PAGE 3, PART X THE FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION AND IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, INCOME TAX EXPENSE IS LIMITED TO ACTIVITIES THAT ARE DEEMED BY THE INTERNAL REVENUE SERVICE TO BE UNRELATED TO THEIR EXEMPT PURPOSE. THE LLC IS CONSIDERED TO BE A DISREGARDED ENTITY DIRECTLY CONTROLLED BY THE FOUNDATION. THE FOUNDATION'S PRIMARY TAX POSITIONS RELATE TO ITS STATUS AS A NOT-FOR- PROFIT ENTITY EXEMPT FROM INCOME TAXES AND CLASSIFICATION OF ACTIVITIES RELATED TO ITS EXEMPT PURPOSE. IT IS THE OPINION OF MANAGEMENT THAT THE FOUNDATION HAS NO UNCERTAIN TAX POSITIONS THAT WOULD BE SUBJECT TO CHANGE UPON EXAMINATION. THE FOUNDATION, INCLUSIVE OF THE LLC, IS REQUIRED TO FILE A FEDERAL EXEMPT ORGANIZATION TAX RETURN (FORM 990) ANNUALLY TO RETAIN ITS EXEMPT STATUS. THE FOUNDATION IS ALSO REQUIRED TO FILE AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) FOR ANY YEAR GROSS UNRELATED BUSINESS INCOME EXCEEDS 1,000. THE FOUNDATION'S FORM 990 FILINGS ARE GENERALLY SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR THREE YEARS AFTER THEY ARE FILED. true WINSTON-SALEM STATE UNIVERSITY 601 S MARTIN LUTHER KING JR DRIVE WINSTONSALEM NC 27110 566001466 GOV 1495647 STUDENT SCHOLARSHIPS 1 SCHEDULE I, PAGE 1, PART I, LINE 2 GRANT FUNDS ARE DISBURSED BASED ON THE INTENTIONS OF OUR DONORS. WHEN THE FOUNDATION RECEIVES A WRITTEN REQUEST TO GRANT FUNDS, THOSE GRANTS ARE MADE FROM FUNDS WHERE THE STATED CRITERIA ALIGN WITH THE GRANT REQUEST. false false false false false false false false false DR LATANYA D AFOLAYAN EXECUTIVE DIRECTOR SCHEDULE J, PART III DR. LATANYA D. AFOLAYAN, THE EXECUTIVE DIRECTOR OF THE FOUNDATION, IS A FULLY PAID EMPLOYEE OF WINSTON-SALEM STATE UNIVERSITY, AN UNRELATED ORGANIZATION. HER COMPENSATION IS AS FOLLOWS: SALARY- 148,261 EMPLOYER RETIREMENT CONTRIBUTION- 10,468 EMPLOYER PAID HEALTH INSURANCE- 7,711 APPROXIMATELY 25% OF HER TIME IS DEVOTED TO THE FOUNDATION BUSINESS. A W-S STATE UNIV HOUSING FOUND 560989620 2016-09-08 13235000 STUDENT HOUSING false false false B W-S STATE UNIV HOUSING FOUND 560989620 2495207V4 2014-08-12 27990000 STUDENT HOUSING false false false A 13235000 true false false false B 27990000 true false false false A false false false false false false false B false false false false false false false A false false false false false false false false false B false false false false false false false false false A false B false PURPOSE OF ISSUE DESCRIPTION W-S STATE UNIV. HOUSING FOUND. STUDENT HOUSING PURPOSE OF ISSUE DESCRIPTION W-S STATE UNIV. HOUSING FOUND. STUDENT HOUSING FORM 990 - ORGANIZATION'S MISSION THE WINSTON-SALEM STATE UNIVERSITY FOUNDATION, INCORPORATED, (THE "FOUNDATION") A NON-PROFIT CORPORATION, SOLICITS AND COLLECTS CONTRIBUTIONS TO PROVIDE SCHOLARSHIPS AND AID TO STUDENTS AND FACULTY OF WINSTON-SALEM STATE UNIVERSITY (THE "UNIVERSITY") AND FINANCIAL SUPPORT FOR THE EDUCATIONAL PROGRAMS OF THE UNIVERSITY. FORM 990, PAGE 2, PART III, LINE 4C STUDENT HOUSING FACILITY- THE FOUNDATION, THROUGH A WHOLLY OWNED SUBSIDIARY, WINSTON-SALEM STATE UNIVERSITY HOUSING FOUNDATION, LLC (THE "LLC"), OPERATES THREE STUDENT HOUSING FACILITIES. THE FIRST, RAMS COMMONS, IS A 446 BED FACILITY SITUATED ON APPROXIMATELY 7.7 ACRES ADJACENT TO THE UNIVERSITY CAMPUS. IT INCLUDES FOUR RESIDENTIAL BUILDINGS, ONE COMMUNITY CENTER, AND OFF-SITE PARKING. THE SECOND STUDENT HOUSING FACILITY, GLEASON-HAIRSTON TERRACE, IS SITUATED ON APPROXIMATELY 8.3 ACRES. THE 405 BED FACILITY IS LOCATED ON THE SOUTHWEST SIDE OF THE UNIVERSITY CAMPUS. GLEASON-HAIRSTON OPENED FOR STUDENT OCCUPANCY IN AUGUST 2005. FOUNDATION HEIGHTS, THE THIRD PRIVATIZED STUDENT HOUSING PROJECT SPONSORED BY THE FOUNDATION WAS FUNDED THROUGH AN ADDITIONAL BOND ISSUE. THIS FOUR STORY APARTMENT COMMUNITY, SITUATED ON APPROXIMATELY 6 ACRES ON THE SOUTHWEST SIDE OF THE CAMPUS, INCLUDES ONE RESIDENTIAL BUILDING CONTAINING 72 UNITS AND A TOTAL OF 316 BEDS. FOUNDATION HEIGHTS OPENED FOR STUDENT OCCUPANCY IN 2007. RAMS COMMONS, GLEASON-HAIRSTON TERRACE AND FOUNDATION HEIGHTS ARE LEASED TO WINSTON-SALEM STATE UNIVERSITY BY THE LLC. FORM 990, PAGE 6, PART VI, LINE 11B THE BOARD IS SUPPLIED AN ELECTRONIC COPY OF THE 990 BEFORE IT IS FILED. FORM 990, PAGE 6, PART VI, LINE 12C AT THE BEGINNING OF EACH MEETING THE CHAIR READS THE FOLLOWING STATEMENT: "AS CHAIR OF THE BOARD, IT IS MY RESPONSIBILITY TO REMIND ALL MEMBERS OF THE BOARD OF THEIR DUTY TO AVOID CONFLICTS OF INTEREST AND APPEARANCES OF CONFLICT OF INTEREST AS DEFINED IN OUR CONFLICT OF INTEREST POLICY AND STATEMENT ANNUAL FILING. EACH MEMBER HAS RECEIVED THE AGENDA AND RELATED INFORMATION FOR THIS MEETING. IF ANY BOARD MEMBER KNOWS OF ANY CONFLICT OF INTEREST OR APPEARANCE OF CONFLICT WITH RESPECT TO ANY MATTER COMING BEFORE THE FOUNDATION BOARD AT THIS MEETING, THE CONFLICT OR APPEARANCE OF CONFLICT SHOULD BE IDENTIFIED AT THIS TIME." THIS STATEMENT AND ANY IDENTIFIED CONFLICTS ARE INCLUDED IN THE MEETING MINUTES. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION MAKES IT GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON REQUEST. DOCUMENTS MAY BE VIEWED IN THE OFFICES OF THE FOUNDATION. WINSTON-SALEM STATE UNIVERSITY HOUS 601 S MARTIN LUTHER KING DR BLAI WINSTONSALEM NC 27110 560989620 PART VII NC 1590957 33777393 WINSTON-SA SCHEDULE R PART 1, COLUMN B- PRIMARY ACTIVITY: STUDENT HOUSING FACILITY OWNERSHIP AND RENTAL