THE NORTH CAROLINA AGRICULTURAL FOUNDATION INC

EIN: 566049304 501(c)(3) Health Care

RALEIGH, NC

Total Revenue
$25,873,390
Total Expenses
$22,915,197
Total Assets
$295,881,084
Net Assets
$279,044,667
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1944
Legal Domicile
NC
Principal Officer
ERIN DELEHANTY
Phone
9195137149
Tax Period
2024-07-01 to 2025-06-30

THE NORTH CAROLINA AGRICULTURAL FOUNDATION INC, founded in 1944, is a mid-sized nonprofit in the Health Care sector that reported $25.9M in total revenue in fiscal year 2024. Expenses of $22.9M left a modest 11% surplus.

Mission

TO AID AND PROMOTE BY FINANCIAL ASSITANCE AND OTHERWISE ALL TYPES OF EDUCATION, RESEARCH, AND OTHER EXTENSION WITHIN THE COLLEGE OF AGRICULTURE AND LIFE SCIENCES AT NC STATE UNIVERSITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $18,251,987
Program Service Revenue $767,872
Investment Income $6,189,613
Other Revenue $663,918
TOTAL REVENUE $25,873,390

Expense Breakdown

Grants Paid $14,481,460
Salaries & Benefits $550,155
Fundraising Expenses $710,465
Program Expenses $22,087,232
Other Expenses $7,883,582
TOTAL EXPENSES $22,915,197

Year-over-Year Comparison

2024 2023 Change
Revenue $25,873,390 $26,150,265 0.0%
Expenses $22,915,197 $23,528,096 0.0%
Net Income $2,958,193 $2,622,169 +0.1%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
193
Independent Members
188
Employees
9
Volunteers
200

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
9
$1,053,379
Total Directors
201
$735,549
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRYAN BLINSON SECRETARY 1.00
Officer Director
$0 $0 $0
BETH FARRELL VICE CHAIR 1.00
Officer Director
$0 $0 $0
THOMAS JOYNER CHAIR; EXECUTIVE COMMITTEE 1.00
Officer Director
$0 $0 $0
PAULA WOODALL ASST. TREASURER 1.00
Officer Director
$0 $0 $0
DANA R HARRIS TREASURER 1.00
Officer Director
$0 $79,282 $369,572
DEBBIE E WORLEY ASST. SECRETARY 1.00
Officer Director
$0 $0 $0
BRANDON R YOUNG DIRECTOR 1.00
Director
$0 $0 $0
TANEKA WILLIAMS DIRECTOR 1.00
Director
$0 $0 $0
STEVE WILSON DIRECTOR 1.00
Director
$0 $0 $0
JASON WRIGHT DIRECTOR 1.00
Director
$0 $0 $0
KENNETH WRIGHT DIRECTOR 1.00
Director
$0 $0 $0
JOHN SEMMES DIRECTOR UNTIL 11/7/24 1.00
Director
$0 $0 $0
BUDDY GAITHER JR DIRECTOR UNTIL 3/11/25 1.00
Director
$0 $0 $0
HENRY RAMSEUR DIRECTOR UNTIL 11/7/24 1.00
Director
$0 $0 $0
HOWARD WILLIAMS DIRECTOR 1.00
Director
$0 $0 $0
HARVEY ROBERTS DIRECTOR UNTIL 11/7/24 1.00
Director
$0 $0 $0
MILTON VAUGHAN DIRECTOR 1.00
Director
$0 $0 $0
GENE WEST DIRECTOR 1.00
Director
$0 $0 $0
CHARLIE WILKINSON DIRECTOR 1.00
Director
$0 $0 $0
EMMA WICKER DIRECTOR 1.00
Director
$0 $0 $0
SCOTT WHITFORD DIRECTOR 1.00
Director
$0 $0 $0
ROBERT FLEMING JR DIRECTOR UNTIL 11/7/24 1.00
Director
$0 $0 $0
CRAIG WEST DIRECTOR 1.00
Director
$0 $0 $0
WAYNE WATSON DIRECTOR 1.00
Director
$0 $0 $0
ALEX WATKINS DIRECTOR 1.00
Director
$0 $0 $0
DAN WARREN DIRECTOR 1.00
Director
$0 $0 $0
OWEN WAGNER DIRECTOR 1.00
Director
$0 $0 $0
BLAIR ROBERTSON DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL SHIFLETT DIRECTOR UNTIL 11/7/24 1.00
Director
$0 $0 $0
SHARON ROGERS DIRECTOR 1.00
Director
$0 $0 $0
JEFF WILSON DIRECTOR 1.00
Director
$0 $0 $0
DAVID RIVES DIRECTOR 1.00
Director
$0 $0 $0
ZACHARY TAYLOR DIRECTOR 1.00
Director
$0 $0 $0
LARRY M SYKES DIRECTOR 1.00
Director
$0 $0 $0
CLAY M STRICKLAND DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER STAMEY DIRECTOR 1.00
Director
$0 $0 $0
MARLO SPRUILL DIRECTOR 1.00
Director
$0 $0 $0
STEVE SORRELLS DIRECTOR 1.00
Director
$0 $0 $0
WALTER SMITH DIRECTOR 1.00
Director
$0 $0 $0
MYRON SMITH DIRECTOR 1.00
Director
$0 $0 $0
STEVE TROXLER DIRECTOR 1.00
Director
$0 $0 $0
JEFF SMITH DIRECTOR 1.00
Director
$0 $0 $0
CONNIE B SMITH DIRECTOR 1.00
Director
$0 $0 $0
CHRIS SMITH DIRECTOR 1.00
Director
$0 $0 $0
GEORGE SIMPSON DIRECTOR 1.00
Director
$0 $0 $0
GARY SIKES DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL SHERRILL DIRECTOR 1.00
Director
$0 $0 $0
THOMAS SHAW DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL SHAW DIRECTOR 1.00
Director
$0 $0 $0
SUSAN DEWAR ROLLINS DIRECTOR 1.00
Director
$0 $0 $0
CLAY HINNANT DIRECTOR 1.00
Director
$0 $0 $0
RONNIE TRANTHAM DIRECTOR 1.00
Director
$0 $0 $0
KEATON VANDEMARK DIRECTOR 1.00
Director
$0 $0 $0
NICK RHODES DIRECTOR 1.00
Director
$0 $0 $0
BUNDY LANE DIRECTOR 1.00
Director
$0 $0 $0
VICTOR HUNT DIRECTOR 1.00
Director
$0 $0 $0
JACOB J PARKER DIRECTOR 1.00
Director
$0 $0 $0
JONATHAN RENN DIRECTOR 1.00
Director
$0 $0 $0
LISA PRINCE DIRECTOR 1.00
Director
$0 $0 $0
SCOTT PRESTAGE DIRECTOR 1.00
Director
$0 $0 $0
KELLY POWELL-MCIVER DIRECTOR 1.00
Director
$0 $0 $0
NELSON POWELL DIRECTOR 1.00
Director
$0 $0 $0
MARK POWELL DIRECTOR 1.00
Director
$0 $0 $0
JIMMY POLLOCK DIRECTOR 1.00
Director
$0 $0 $0
PARKER PHILIPS DIRECTOR 1.00
Director
$0 $0 $0
ERICA PETERSON DIRECTOR 1.00
Director
$0 $0 $0
DAVID M PEELE DIRECTOR 1.00
Director
$0 $0 $0
JOHN LYTTLE DIRECTOR 1.00
Director
$0 $0 $0
MILO LEWIS DIRECTOR 1.00
Director
$0 $0 $0
CHRISTIAN OVERTON DIRECTOR 1.00
Director
$0 $0 $0
STANLEY OLIVER DIRECTOR 1.00
Director
$0 $0 $0
ROBIN NICHOLSON DIRECTOR 1.00
Director
$0 $0 $0
ROBERT MYERS DIRECTOR 1.00
Director
$0 $0 $0
MELVIN MORGAN DIRECTOR 1.00
Director
$0 $0 $0
ANTOINE JAVON MOORE DIRECTOR 1.00
Director
$0 $0 $0
MARTIN MCLEOD DIRECTOR 1.00
Director
$0 $0 $0
WILLIAM DALE MCINNIS DIRECTOR 1.00
Director
$0 $0 $0
SHERRY MCCOMAS DIRECTOR 1.00
Director
$0 $0 $0
LUKE MATHIS DIRECTOR 1.00
Director
$0 $0 $0
ROBERT PAXTON DIRECTOR 1.00
Director
$0 $0 $0
SUZANNE RHINHART DIRECTOR 1.00
Director
$0 $0 $0
GEORGIA LOVE DIRECTOR 1.00
Director
$0 $0 $0
ROY LEE LINDSEY DIRECTOR 1.00
Director
$0 $0 $0
AYDEN R LEE JR DIRECTOR 1.00
Director
$0 $0 $0
TIM THORNSBURY DIRECTOR 1.00
Director
$0 $0 $0
WILLIAM BLOUNT KNOWLES DIRECTOR 1.00
Director
$0 $0 $0
WHITNEY E KING DIRECTOR 1.00
Director
$0 $0 $0
CHARLES KING DIRECTOR 1.00
Director
$0 $0 $0
NORMAN JORDAN JR DIRECTOR 1.00
Director
$0 $0 $0
DEBORAH JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
EDDIE JENNINGS DIRECTOR 1.00
Director
$0 $0 $0
MATTHEW INMAN DIRECTOR 1.00
Director
$0 $0 $0
JIM HUNT DIRECTOR 1.00
Director
$0 $0 $0
BRY LONG DIRECTOR 1.00
Director
$0 $0 $0
GAIL HUGHES DIRECTOR 1.00
Director
$0 $0 $0
JIM HOWIE DIRECTOR 1.00
Director
$0 $0 $0
QUINN HOWARD DIRECTOR 1.00
Director
$0 $0 $0
SARA DILLON HOUGH DIRECTOR 1.00
Director
$0 $0 $0
ROBERT HOSFORD DIRECTOR 1.00
Director
$0 $0 $0
CATHY PRICE HORTON DIRECTOR 1.00
Director
$0 $0 $0
CURT HONEYCUTT DIRECTOR 1.00
Director
$0 $0 $0
DOUG HOLLAND DIRECTOR 1.00
Director
$0 $0 $0
DAVID HOGAN DIRECTOR 1.00
Director
$0 $0 $0
TODD HODGES DIRECTOR 1.00
Director
$0 $0 $0
MALARIE THOMPSON DIRECTOR 1.00
Director
$0 $0 $0
NORMAN MILLER JR DIRECTOR UNTIL 11/7/24 1.00
Director
$0 $0 $0
JULIUS TILLERY DIRECTOR 1.00
Director
$0 $0 $0
JASON FARMER DIRECTOR 1.00
Director
$0 $0 $0
LINDA HARRIS DIRECTOR 1.00
Director
$0 $0 $0
EB HARRIS DIRECTOR 1.00
Director
$0 $0 $0
BRAD HARGETT DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL HARE DIRECTOR 1.00
Director
$0 $0 $0
JERRY HARDESTY DIRECTOR 1.00
Director
$0 $0 $0
MARGARET G HAMM DIRECTOR 1.00
Director
$0 $0 $0
CHARLES HALL DIRECTOR 1.00
Director
$0 $0 $0
SCOTT GUPTON DIRECTOR 1.00
Director
$0 $0 $0
MATTHEW GRISSOM DIRECTOR 1.00
Director
$0 $0 $0
STEVE GRIFFIN DIRECTOR 1.00
Director
$0 $0 $0
ARCHIE GRIFFIN DIRECTOR 1.00
Director
$0 $0 $0
MICHELLE GRAINGER DIRECTOR 1.00
Director
$0 $0 $0
FRANK GRAINGER DIRECTOR 1.00
Director
$0 $0 $0
ROY GORENA DIRECTOR 1.00
Director
$0 $0 $0
ROB GLOVER DIRECTOR 1.00
Director
$0 $0 $0
CHARLES GLASS DIRECTOR 1.00
Director
$0 $0 $0
KARL GILLESPIE DIRECTOR 1.00
Director
$0 $0 $0
MALCOLM GIBBS DIRECTOR 1.00
Director
$0 $0 $0
JIMMY GENTRY DIRECTOR 1.00
Director
$0 $0 $0
JANE GARDNER DIRECTOR 1.00
Director
$0 $0 $0
COLTIN CARAWAY DIRECTOR 1.00
Director
$0 $0 $0
BOB FORD DIRECTOR 1.00
Director
$0 $0 $0
MIKE FULBRIGHT DIRECTOR 1.00
Director
$0 $0 $0
KATE BURGER DIRECTOR 1.00
Director
$0 $0 $0
CAMERON EAKER DIRECTOR 1.00
Director
$0 $0 $0
JOHN ANDREW CLAPP DIRECTOR 1.00
Director
$0 $0 $0
ANDY CURLISS DIRECTOR 1.00
Director
$0 $0 $0
JOSEPH LEE DUPREE JR DIRECTOR 1.00
Director
$0 $0 $0
CHAD DOCSH DIRECTOR 1.00
Director
$0 $0 $0
DAVID DAVENPORT DIRECTOR 1.00
Director
$0 $0 $0
THOMAS PHILIP DARK DIRECTOR 1.00
Director
$0 $0 $0
JAY B DARDEN IV DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER BAREFOOT DANIELS DIRECTOR 1.00
Director
$0 $0 $0
JUSTIN DALTON DIRECTOR 1.00
Director
$0 $0 $0
AMY DALRYMPLE DIRECTOR 1.00
Director
$0 $0 $0
BOB CREWS DIRECTOR 1.00
Director
$0 $0 $0
SARA COATS DIRECTOR 1.00
Director
$0 $0 $0
GREG CRAVER DIRECTOR 1.00
Director
$0 $0 $0
ANDREW Q EURE JR DIRECTOR 1.00
Director
$0 $0 $0
GARY D CARTWRIGHT DIRECTOR 1.00
Director
$0 $0 $0
DAVID CORUM DIRECTOR 1.00
Director
$0 $0 $0
DAVID CORRELL DIRECTOR 1.00
Director
$0 $0 $0
RICK COOR DIRECTOR 1.00
Director
$0 $0 $0
TIMOTHY VAN COOKE DIRECTOR 1.00
Director
$0 $0 $0
HENRY LEE COOK DIRECTOR 1.00
Director
$0 $0 $0
BRYAN COOK DIRECTOR 1.00
Director
$0 $0 $0
TATIANNA CAREY DIRECTOR 1.00
Director
$0 $0 $0
LAKEAN BYRD DIRECTOR 1.00
Director
$0 $0 $0
REID SMITH DIRECTOR 1.00
Director
$0 $0 $0
STAN BICONISH DIRECTOR 1.00
Director
$0 $0 $0
SHANE MITCHELL DIRECTOR UNTIL 11/7/24 1.00
Director
$0 $0 $0
TONY BURD DIRECTOR 1.00
Director
$0 $0 $0
JAY BRYANT DIRECTOR 1.00
Director
$0 $0 $0
JASON BROWN DIRECTOR 1.00
Director
$0 $0 $0
LEANNE BROOKS DIRECTOR 1.00
Director
$0 $0 $0
SAM BRAKE JR DIRECTOR 1.00
Director
$0 $0 $0
GRAHAM BOYD DIRECTOR 1.00
Director
$0 $0 $0
LUKE BLIZZARD DIRECTOR 1.00
Director
$0 $0 $0
RAY BEST DIRECTOR 1.00
Director
$0 $0 $0
ZANE HEDGECOCK EXECUTIVE COMMITTEE 2027 1.00
Director
$0 $0 $0
EUGENE CALDWELL BERRYHILL JR DIRECTOR 1.00
Director
$0 $0 $0
NATHAN BENNETT DIRECTOR 1.00
Director
$0 $0 $0
FRANKIE BEAMAN DIRECTOR 1.00
Director
$0 $0 $0
JEREMY BALLARD DIRECTOR 1.00
Director
$0 $0 $0
KELLY EDENS ARCHAMBAULT DIRECTOR 1.00
Director
$0 $0 $0
ARNOLD ANDERSON DIRECTOR 1.00
Director
$0 $0 $0
JOHNNY BARNES PAST CHAIR; EXECUTIVE COMMITTEE 1.00
Director
$0 $0 $0
SHAWN HARDING NCFB REP TO EXECUTIVE COMMITTEE 1.00
Director
$0 $0 $0
CHARLOTTE VICK EXECUTIVE COMMITTEE 2027 1.00
Director
$0 $0 $0
MANDY HASTY DIRECTOR 1.00
Director
$0 $0 $0
EDDIE HESTER DIRECTOR 1.00
Director
$0 $0 $0
ANDREW BURLESON DIRECTOR 1.00
Director
$0 $0 $0
TOMMY BURLESON DIRECTOR 1.00
Director
$0 $0 $0
BRIAN D WARREN EXECUTIVE COMMITTEE 2028 1.00
Director
$0 $0 $0
JEFF CHANDLER EXECUTIVE COMMITTEE 2027 1.00
Director
$0 $0 $0
SAMUEL D DAVIS EXECUTIVE COMMITTEE 2026 1.00
Director
$0 $0 $0
PETER DANIEL EXECUTIVE COMMITTEE 2026 1.00
Director
$0 $0 $0
ALAN AYERS EXECUTIVE COMMITTEE 2026 1.00
Director
$0 $0 $0
PAUL SHERMAN EXECUTIVE COMMITTEE 2025 1.00
Director
$0 $0 $0
KIM LEQUIRE EXECUTIVE COMMITTEE 2025 1.00
Director
$0 $0 $0
DAVID HARTMAN EXECUTIVE COMMITTEE 2025 1.00
Director
$0 $0 $0
ASHLEY COLLINS EXECUTIVE COMMITTEE 2025 1.00
Director
$0 $0 $0
LARRY WOOTEN EXECUTIVE COMMITTEE 2028 1.00
Director
$0 $0 $0
MARK WELLONS EXECUTIVE COMMITTEE 2028 1.00
Director
$0 $0 $0
PAUL TALLEY EXECUTIVE COMMITTEE 2028 1.00
Director
$0 $0 $0
CHAD BENTON EXECUTIVE COMMITTEE 2027 1.00
Director
$0 $0 $0
BRITTANY WHITMIRE DIRECTOR 1.00
Director
$0 $31,918 $128,996
NORMAN HARRELL DIRECTOR 1.00
Director
$0 $33,138 $135,305
SAM GROCE DIRECTOR 1.00
Director
$0 $0 $0
DAVID R ANDERSON DIRECTOR 1.00
Director
$0 $0 $0
RICHARD P RENEGAR EXECUTIVE COMMITTEE 2026 1.00
Director
$0 $0 $0
DAVID HEATH DIRECTOR 1.00
Director
$0 $0 $0
JEREMY MARTIN DIRECTOR 1.00
Director
$0 $26,531 $101,676
KATHY B KENNEL ASSISTANT SECRETARY 1.00
Officer
$0 $27,985 $169,811
ERIN DELEHANTY ASSISTANT TREASURER 1.00
Officer
$0 $55,581 $249,219
SONIA MURPHY PRESIDENT UNTIL 3/13/25 1.00
Officer
$0 $39,506 $264,777
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $25,873,390 $22,915,197 $295,881,084 $2,958,193
2024 $26,150,265 $23,528,096 $278,488,848 $2,622,169
2023 $20,780,071 $18,773,043 $251,123,547 $2,007,028
2022 $30,308,869 $23,272,273 $248,209,354 $7,036,596
2021 $43,794,277 $35,472,338 $233,726,764 $8,321,939
2020 $26,922,302 $25,294,235 $186,496,970 $1,628,067
2019 $19,065,212 $20,755,189 $182,622,770 $-1,689,977
2018 $18,987,418 $16,668,304 $179,627,123 $2,319,114
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