NC STATE STUDENT AID ASSOCIATION INC Charity Report

Public IRS 990 nonprofit record

NC STATE STUDENT AID ASSOCIATION INC

EIN 56-0650623 · Education (B820)

What they do

THE MISSION of THE NC STATE STUDENT AID ASSOCIATION (WOLFPACK CLUB) is to PROVIDE PRIVATE FINANCIAL SUPPORT for ATHLETIC SCHOLARSHIPS and FACILITIES for NC STATE UNIVERSITY. ADDITIONALLY, THE STUDENT AID ASSOCIATION PROVIDES COMMUNICATION and SERVICES for ALL FRIENDS of THE WOLFPACK ATHLETICS. ALL of THE ACTIVITIES ARE DONE WITH THE HIGHEST INTEGRITY for ACADEMIC and ATHLETIC EXCELLENCE and WITHIN THE GUIDELINES ESTABLISHED BY THE UNIVERSITY, THE ATLANTIC COAST CONFERENCE, and THE NATIONAL COLLEGIATE ATHLETIC ASSOCIATION.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $96.60 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders27 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

75.93%of revenue went to mission work96.6% of expenses · Program services

1.34%of revenue went to fundraising1.7% of expenses

$78.63spent for every $100 of revenueRevenue covered expenses this year.

1.35%of revenue went to management and office costs1.7% of expenses

$2.87in assets for every $1 spent this yearSome assets cannot be spent right away.

84.4%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $427,582 for BENJAMIN BROUSSARD (EXECUTIVE DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$58,813,112

Mission workProgram services$44,657,19075.93% of revenue96.6% of expenses

ManagementOffice and general costs$796,4091.35% of revenue1.7% of expenses

FundraisingAsking for donations$789,0801.34% of revenue1.7% of expenses

Revenue left after expensesReported annual surplus$12,570,43321.37% of revenueShown in gray on the chart

Total expenses$46,242,67978.63% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 96.6% mission · 1.7% management · 1.7% fundraisingTotal expenses: 78.63% of revenue

2023Expense mix: 95.0% mission · 2.6% management · 2.4% fundraisingTotal expenses: 93.73% of revenue

2022Expense mix: 95.8% mission · 2.1% management · 2.1% fundraisingTotal expenses: 114.51% of revenue

2021Expense mix: 90.1% mission · 4.7% management · 5.2% fundraisingTotal expenses: 59.01% of revenue

2020Expense mix: 87.8% mission · 2.4% management · 9.9% fundraisingTotal expenses: 201.33% of revenue

2019Expense mix: 86.4% mission · 4.9% management · 8.8% fundraisingTotal expenses: 93.30% of revenue

2018Expense mix: 86.6% mission · 4.5% management · 8.9% fundraisingTotal expenses: 92.61% of revenue

2017Expense mix: 85.1% mission · 4.6% management · 10.3% fundraisingTotal expenses: 100.53% of revenue

Money in and money out

Revenue$58,813,112

Expenses$46,242,679

Annual surplus $12,570,433 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$44,657,190 · 96.6% of expenses

Management and office costs$796,409 · 1.7% of expenses

Fundraising$789,080 · 1.7% of expenses

See all reported dollar amounts

Revenue$58,813,112

Expenses$46,242,679

Assets$132,636,503

Income$60,732,475

Contributions$49,621,962

Mission work (program services)$44,657,190

Fundraising$789,080

Grants given$186,920,539

Average grant$10,995,326

Management and general$796,409

Executive compensation (total)$458,588

Stocks and bonds$47,284,022

Accounting fees$292,510

Investing fees$367,616

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

BENJAMIN BROUSSARDEXECUTIVE DIRECTOR · 40 hrs/week $427,582Base $403,400 · Other $24,182

JAMES CORRELL JRASSOCIATE EXECUTIVE DIRECTOR · 40 hrs/week $203,600Base $184,443 · Other $19,157

STEPHEN FOSHEEDIRECTOR OF MAJOR GIVING · 40 hrs/week $165,820Base $150,151 · Other $15,669

MEDIA HOOKSDIRECTOR OF MARKETING AND COMMUNICATIONS · 40 hrs/week $161,947Base $144,850 · Other $17,097

GEORGE W PRIDGENSENIOR MAJOR GIFT OFFICER · 40 hrs/week $134,391Base $118,268 · Other $16,123

EMILY WAYLANDDIRECTOR OF ANNUAL GIVING · 40 hrs/week $128,381Base $113,663 · Other $14,718

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (27)

BENJAMIN BROUSSARDEXECUTIVE DIRECTOR

JAMES CORRELL JRASSOCIATE EXECUTIVE DIRECTOR

STEPHEN FOSHEEDIRECTOR OF MAJOR GIVING

MEDIA HOOKSDIRECTOR OF MARKETING AND COMMUNICATIONS

GEORGE W PRIDGENSENIOR MAJOR GIFT OFFICER

EMILY WAYLANDDIRECTOR OF ANNUAL GIVING

WOODY JONESDIRECTOR

ANNETTE HOLLERDIRECTOR

RANDY WOODSONEX-OFFICIO

MATT GRIFFITHDIRECTOR

KRIS NEALDIRECTOR

KEN NICHOLSDIRECTOR

JIM STOWEDIRECTOR

JERRICHO COTCHERYDIRECTOR

GREG HATEMDIRECTOR

GED KINGDIRECTOR

ELIZABETH COOLEYTREASURER

EDDIE WETHERILLPRESIDENT

DOUG DOGGETTDIRECTOR

CRYSTAL FISHDIRECTOR

CRES CALABRESEDIRECTOR

CLYDE PHILLIPSVICE PRESIDENT

BRIAN SISCHOEX-OFFICIO

BRIAN MCMURRAYIMMEDIATE PAST PRESIDENT

BRAD REMMEYDIRECTOR

BOO CORRIGANEX-OFFICIO

ASTRA BALLDIRECTOR

About this charity

Recognized since: January 1955
Location: 4680 TRINITY ROAD, RALEIGH, NC 27607
County: Wake
In care of: BEN BROUSSARD
Primary officer: BEN BROUSSARD, EXECUTIVE DIRECTOR

How to reach them

WebsiteVisit the charity’s website Phone(919) 865-1500 Officer phone(919) 961-8472

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: THOMAS JUDY & TUCKER PA
NTEE classification: Education (B820)
IRS tax category: Other Grantmaking and Giving Services
Grant-giving organization: Yes