NonprofitsNorth Carolina Textile Foundation Inc

Education

North Carolina Textile Foundation Inc

RALEIGH, NC

Total revenue

$6.9M

Total expenses

$4.7M

Net assets

$92.4M

Grants received

$9.8M

71 grants

EIN

566045324

Tax year

2023

Mission

To advance wilson college of textiles through engagement, partnership and philanthropy.

Programs

1 program

The foundation awards scholarships to deserving graduate and undergraduate students of the college of textiles at north carolina state university based on merit.

Expenses: $1.2MGrants: $1.2M

Financials

FY 2023

Revenue

Contributions & grants$5.9M
Program service revenue$16K
Investment income$950K
Other revenue
Total revenue$6.9M

Expenses

Grants paid$1.8M
Salaries & benefits$782K
Fundraising$648K
Other expenses$2.1M
Total expenses$4.7M
Total assets$92.8M
Net assets$92.4M

People

22 listed

NameRoleCompensation

BRENDAN SULLIVAN

DIRECTOR

Board

1 hrs/wk

CHARLES FLYNT JR

DIRECTOR

Board

1 hrs/wk

CHARLES HEILIG III

DIRECTOR

Board

1 hrs/wk

DAVID HINKS

DIRECTOR

Board

1 hrs/wk

DENNIS GOFF

DIRECTOR

Board

1 hrs/wk

ELAINE HUGHES

DIRECTOR

Board

1 hrs/wk

GEORGE RAGSDALE

DIRECTOR

Board

1 hrs/wk

JOHNNY CHAPMAN JR

DIRECTOR

Board

1 hrs/wk

MATTHEW GRIFFITH

DIRECTOR

Board

1 hrs/wk

MINDY OAKLEY

DIRECTOR

Board

1 hrs/wk

PRASHANT PRABHU

DIRECTOR

Board

1 hrs/wk

RICK ELMORE

DIRECTOR

Board

1 hrs/wk

ROBIN PERKINS

DIRECTOR

Board

1 hrs/wk

SHERRY MCCRAW

DIRECTOR

Board

1 hrs/wk

TAMMY BUCKNER

DIRECTOR

Board

1 hrs/wk

WESLEY HORNE

DIRECTOR

Board

1 hrs/wk

NANCY WEBSTER

PRESIDENT

Board

1 hrs/wk

ELIZABETH CALABRESE

VICE PRESIDENT

Board

1 hrs/wk

LEIB OEHMIG

SECRETARY

Board

1 hrs/wk

KENNETH HUGGINS

TREASURER

Board

1 hrs/wk

DANA HARRIS

ASST. TREASURER

Board

1 hrs/wk

ERIN DELEHANTY

ASST. TREASURER

Board

1 hrs/wk

Grants received

Showing 71 of 71

FromAmountPurposeYear
$600K
TO ADVANCE TEXTILE INDUSTRY EDUCATION THROUGH WILSON COLLEGE OF TEXTILES, NC STATE UNIVERSIY
2024
$110K
THE WEAVING LAB: PICANOL ULTIMAX RAPIER WEAVING MACHINE
2024
$50K
CHARITABLE GIFT
2024
$20K
PUBLIC ASSISTANCE
2024
$10K
UNRESTRICTED GENERAL SUPPORT
2024
$2.7M
SCHOLARSHIPS, FACULTY SUPPORT, DEPARTMENTAL SUPPORT AND FACILITY SUPPORT
2023
$600K
TO ADVANCE TEXTILE INDUSTRY EDUCATION THROUGH WILSON COLLEGE OF TEXTILES, NC STATE UNIVERSIY
2023
$100K
EDWARD M ARFIELD SR. & WILLIAM J ARMFIELD IV ENDOWED PIONEER SCHOLARSHIP FUND
2023
$35K
CHARITABLE GIFT
2023
$10K
UNRESTRICTED GENERAL SUPPORT
2023
$10K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$8K
CHARITABLE CONTRIBUTION
2023
$7K
For grant recipient's exempt purposes
2023
$250
MATCHING GIFTS PROGRAM
2023
$3.7M
SCHOLARSHIPS, FACULTY SUPPORT, DEPARTMENTAL SUPPORT AND FACILITY SUPPORT
2022
$150K
THE FLEX FACTORY PROTOTYPE LAB: NARROW FABRIC WEAVING SYSTEM
2022
$29K
GENERAL SUPPORT
2022
$25K
UNRESTRICTED GENERAL SUPPORT
2022
$20K
CHARITABLE GIFT
2022
$10K
Scholarships
2022
$10K
FOR RECIPIENT'S EXEMPT PURPOSE
2022
$8K
CHARITABLE CONTRIBUTION
2022
$6K
CHARITABLE DONATION
2022
$3K
EMPLOYEE MATCHING GIFT DONATION
2022
$1K
FOR OPERATING BUDGET
2022
$50
GENERAL OPERATING PURPOSES
2022
$350K
GENERAL SUPPORT
2021
$50K
Pioneer Scholarship Fund and Textiles Diversity and Inclusion Fund
2021
$20K
Scholarships
2021
$11K
CULTURE & ARTS
2021
$9K
CHARITABLE CONTRIBUTION
2021
$5K
CHARITABLE DONATION
2021
$1K
FOR OPERATING BUDGET
2021
$27K
GENERAL SUPPORT
2020
$20K
Scholarships
2020
$5K
FOR DEAN'S INNOVATION FUND.THIS WAS RECOMMENDED BY PHILIP WILLIAMSON
2020
$5K
CHARITABLE CONTRIBUTION
2020
$1K
FOR OPERATING BUDGET
2020
$35K
Scholarships
2019
$10K
UNRESTRICTED GENERAL SUPPORT
2019
$78K
GENERAL SUPPORT
2018
$2K
CHARITABLE CONTRIBUTION
2018
$1K
GENERAL OPERATING SUPPORT
2018
$1K
FOR OPERATING BUDGET
2018

Funded by

$9.8M from 26 funders · 71 grants · 2017–2024

Nc State Investment Fund Inc

$6.4M · 2 grants · 2022–2023

The W Duke Kimbrell Family Foundation

$1.2M · 2 grants · 2023–2024

Donor Advised Charitable Giving Inc

$440K · 7 grants · 2017–2023

Ta Blue Bell Foundation Main

$350K · 1 grant · 2021

The Edward M Armfield Sr Foundation I

$300K · 3 grants · 2020–2023

The Cannon Foundation Inc

$260K · 2 grants · 2022–2024

Community Foundation Of Greater

$134K · 3 grants · 2018–2022

Foundation For The Carolinas

$105K · 3 grants · 2022–2024

Details

EIN566045324
NTEE codeB11
Subsection03
Ruling date1943-08
Formed1942
Employees0
Volunteers19
NORTH CAROLINA TEXTILE FOUNDATION INC — Mission, Financials & Grants Received | Grantivo