Nonprofit · EIN 23-7029901
FAYETTEVILLE STATE UNIVERSITY FOUNDATION INC
Tax-exempt · FAYETTEVILLE, NC 28301
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $3,081,192 | $3,147,160 | -$65,968 | $27,056,577 | $6,351,534 | $20,705,043 |
| June 30, 2024 | 990 | $4,448,064 | $3,801,568 | $646,496 | $26,124,299 | $6,951,913 | $19,172,386 |
| June 30, 2023 | 990 | $5,468,947 | $5,171,545 | $297,402 | $26,580,208 | $9,571,383 | $17,008,825 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,397,322
- Program service revenue
- $1,476,958
- Investment income
- $206,912
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $968,486
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $14,061
- Occupancy
- $437,351
- Program services (functional)
- $2,939,842
- Management and general (functional)
- $207,318
Balance sheet and other
- Total assets, start of year
- $26,124,299
- Total assets, end of year
- $27,056,577
- Total liabilities, end of year
- $6,351,534
- Net assets, end of year
- $20,705,043
- Land, buildings and equipment
- $434,040
- Publicly traded securities
- $15,709,376
- Net assets without donor restrictions
- $3,149,618
- Net assets with donor restrictions
- $17,555,425
- Gross receipts
- $3,081,192
- Employees
- 0
- Volunteers
- 28
- Year formed
- 1969
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| MR DARRELL T ALLISON | DIRECTOR Trustee or director | 1 | $0 | $309,000 |
| DR MONICA LEACH | DIRECTOR Trustee or director | 1 | $0 | $235,040 |
| MR KENNY SPAYD | DIRECTOR Trustee or director | 1 | $0 | $230,000 |
| MR OMAR BELL | EXECUTIVE DIRECTOR Trustee or director, Officer | 1 | $0 | $187,460 |
| MR JOHN BEN BROWN | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MR JERMAINE COBLE | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MRS VEDAS NEAL | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| MRS ROBIN BODDIE-HAGGINS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MRS OLIVIA D CHAVIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MR JARED J JAMES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MR CLANTON JOHNSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR RICHARD D KINGSBERRY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MR QUDERRICK COVINGTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MR JERMAINE PITTMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MR CHRISTOPHER G DAVIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
13 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MR RAYMOND PRIVOTT | DIRECTOR Trustee or director | 1 | $0 |
| MR THEODORE DEBOSE | DIRECTOR Trustee or director | 1 | $0 |
| MRS MONICA CARSON SHERIFF | DIRECTOR Trustee or director | 1 | $0 |
| DR JOHN GODBOLT | DIRECTOR Trustee or director | 1 | $0 |
| MR ERNEST SMITH | DIRECTOR Trustee or director | 1 | $0 |
| MR MAYNARD SMITH | DIRECTOR Trustee or director | 1 | $0 |
| MR OCIE STROUD-MELVIN | DIRECTOR Trustee or director | 1 | $0 |
| DR CATHY WADDELL | DIRECTOR Trustee or director | 1 | $0 |
| DR REGINALD A WELLS | DIRECTOR Trustee or director | 1 | $0 |
| MR KEVIN WESTER | DIRECTOR Trustee or director | 1 | $0 |
| DR KIMBERLY JEFFRIES LEONARD | DIRECTOR Trustee or director | 1 | $0 |
| MS LINDA COLEY | DIRECTOR Trustee or director | 1 | $0 |
| MS LATOYA HARPER | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 23 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| DARRELL T ALLISON | EX-OFFICIO DIRECTOR Trustee or director | 1 | $0 | $323,876 |
| JOHN BEN BROWN JR | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JERMAINE COBLE | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| VEDAS NEAL | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| OMAR BELL | EXECUTIVE DIRECTOR Trustee or director, Officer | 1 | $0 | $0 |
| ROBIN BODDIE-HAGGINS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JARED JAMES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| OLIVIA CHAVIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JERMAINE PITTMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRISTOPHER DAVIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THEODORE DEBOSE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CATHY WADDELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN GODBOLT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| REGINALD WELLS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| QU'DERRICK COVINGTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RAYMOND PRIVOTT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MONICA CARSON SHERIFF | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEVIN WESTER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LILLIAN WANJAGI | EX-OFFICIO DIRECTOR Trustee or director | 1 | $0 | $0 |
| KIMBERLY JEFFRIES LEONARD | EX-OFFICIO DIRECTOR Trustee or director | 1 | $0 | $0 |
| MONICA LEACH | EX-OFFICIO DIRECTOR Trustee or director | 1 | $0 | $0 |
| LINDA COLEY | EX-OFFICIO DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHNAE WALKER | EX-OFFICIO DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 25 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| DARRELL T ALLISON | EX-OFFICIO D Institutional trustee | 1 | $0 | $314,443 |
| JOHN BEN BROWN JR | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JERMAINE COBLE | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| VEDAS NEAL | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| WILLIE GRAY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBIN BODDIE-HAGGINS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JARED JAMES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| OLIVIA CHAVIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JERMAINE PITTMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRISTOPHER DAVIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THEODORE DEBOSE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CATHY WADDELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN GODBOLT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| REGINALD WELLS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| QU'DERRICK COVINGTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RAYMOND PRIVOTT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| J MICHAEL RUSH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MONICA CARSON SHERIFF | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEVIN WESTER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| OMAR BELL | EXECUTIVE DI Officer | 1 | $0 | $0 |
| LILLIAN WANJAGI | EX-OFFICIO D Institutional trustee | 1 | $0 | $0 |
| GLENN ADAMS | EX-OFFICIO D Institutional trustee | 1 | $0 | $0 |
| MONICA LEACH | EX-OFFICIO D Institutional trustee | 1 | $0 | $0 |
| LINDA COLEY | EX-OFFICIO D Institutional trustee | 1 | $0 | $0 |
| MAYA MARTIN | EX-OFFICIO D Institutional trustee | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1200 MURCHISON RD, FAYETTEVILLE, NC 28301-4252
- Principal officer (990 for 2024)
- MR JERMAINE COBLE, 1200 MURCHISON ROAD, FAYETTEVILLE, NC 283014252
- Signed the 990
- MR JERMAINE COBLE, CHAIR
- Phone
- (910) 672-1111
- Return prepared by
- SHARPE PATEL CPA
Mission
TO RAISE AND DISBURSE FUNDS FOR PROGRAMS THAT WILL FURTHER THE EDUCATIONAL PURPOSES OF FAYETTEVILLE STATE UNIVERSITY.
Program accomplishments
- A. TO SOLICIT, RECEIVE, HOLD, MANAGE, AND DISBURSE CONTRIBUTIONS, GIFTS, GRANTS, BEQUESTS, AND TRANSFERS OF FUNDS OR PROPERTY OF ANY NATURE FOR THE BENEFIT OF FAYETTEVILLE STATE UNIVERSITY, ITS STUDENTS, FACULTY, AND STAFF. TO USE THE NAME OF THE UNIVERSITY IN ANY WAY THAT WILL BENEFIT AND ENRICH OR ENLARGE UPON ITS FACILITIES AND PROGRAMS IN ACCORDANCE WITH THE DIRECTION OF THE DONORS AND ACCEPTABLE TO THE ADMINISTRATIVE OFFICIALS OF THE UNIVERSITY.B. TO ACT AS TRUSTEE, ESCROW, OR DISBURSING AGENT WITH RESPECT TO ANY ENDOWMENT, GIFT, GRANTS, CONTRIBUTIONS, OR BEQUESTS MADE FOR THE BENEFIT OF FAYETTEVILLE STATE UNIVERSITY, ITS STUDENTS, FACULTY, AND STAFF, UNDER THE TERMS OF THE TRUSTOR OR DONOR, AND TO CARRY ON SUCH FUNCTIONS AS WILL ACCOMPLISH THE PURPOSE AND INTENT OF THE GIFT, ENDOWMENT, TRUST, OR GRANT.C. TO SPONSOR, ENCOURAGE, CONDUCT, AND RENDER FINANCIAL ASSISTANCE IN STUDENT AID PROGRAMS, ALUMNI EVENTS, PUBLIC RELATIONS ACTIVITIES, FACULTY SUPPLEMENTS, CURRICULUM ENRICHMENT PROGRAMS, RESEARCH PROJECTS, AND STUDIES AS APPROVED BY THE PROPER AUTHORITIES OF THE UNIVERSITY.Expenses $2,939,842 · grants $968,486 · revenue $131,680
- FSU HOUSING FOUNDATION LLC, A WHOLLY OWNED SUBSIDIARY, OPERATES A STUDENT HOUSING FACILITY. ITS PURPOSE IS TO OWN AND MANAGE OFF-CAMPUS HOUSING SPECIFICALLY FOR STUDENTS OF FAYETTEVILLE STATE UNIVERSITY. THIS ENSURES THAT STUDENTS HAVE ACCESS TO QUALITY HOUSING OPTIONS THAT MEET THEIR NEEDS WHILE ATTENDING THE UNIVERSITY.revenue $1,345,278
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7029901
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1911
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B43I)
- Assets (IRS master file)
- $27,056,577
- Income (IRS master file)
- $3,081,192
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $3,081,192 | $3,147,160 | $27,056,577 | XML |
| 990 | June 2024 | $4,448,064 | $3,801,568 | $26,124,299 | XML |
| 990 | June 2023 | $5,468,947 | $5,171,545 | $26,580,208 | XML |
| 990 | June 2022 | $3,598,419 | $2,235,411 | $24,987,920 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7029901).
Questions about FAYETTEVILLE STATE UNIVERSITY FOUNDATION INC
- What is the EIN of FAYETTEVILLE STATE UNIVERSITY FOUNDATION INC?
- The employer identification number (EIN) of FAYETTEVILLE STATE UNIVERSITY FOUNDATION INC is 23-7029901.
- Is FAYETTEVILLE STATE UNIVERSITY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1911.
- Are donations to FAYETTEVILLE STATE UNIVERSITY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FAYETTEVILLE STATE UNIVERSITY FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FAYETTEVILLE STATE UNIVERSITY FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FAYETTEVILLE STATE UNIVERSITY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of FAYETTEVILLE STATE UNIVERSITY FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names MR JERMAINE COBLE.
- Who are the officers and directors of FAYETTEVILLE STATE UNIVERSITY FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 28 people; 0 received compensation from the organization.
- How much revenue does FAYETTEVILLE STATE UNIVERSITY FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $3,081,192, expenses of $3,147,160 and total assets of $27,056,577 at year end.
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