North Carolina State University Faculty Club Inc

Raleigh, NC
Tax-exempt since Aug. 1990
EIN: 56-0769351

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Type of Nonprofit

Designated as a 501(c)(7) Social and recreational clubs.

Category: Recreation, Sports, Leisure, Athletics / Golf (NTEE)

Donations to this organization are not tax deductible.

Revenue

$6.75M (2024)

Expenses

$5.81M (2024)

Total Assets

$21M (2024)

Total Liabilities

$3.49M (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$6,746,457

Expenses

$5,814,945

Net Income

$931,512

Net Assets

$17,527,391

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$5,012,061	74.3%
Investment Income	$299,146	4.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,660	0.0%
Net Inventory Sales	$1,338,473	19.8%
Other Revenue	$95,117	1.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,541,209	43.7%

Assets/Debt
Total Assets	$21,019,067
Total Liabilities	$3,491,676
Net Assets	$17,527,391

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$0

Compensation

Key Employees and Officers	Compensation	Related	Other
James C White (Highest Compensated Employ)	$207,160	$0	$0
James Ivankovich (Executive Director)	$199,696	$0	$0
Dr Carol Figuers (Secretary)	$0	$0	$0
Anna Maria Taylor (Past President)	$0	$0	$0
Sam Johns (Director)	$0	$0	$0
Matthew Zaytoun (Director)	$0	$0	$0
Derek Bryan (Director)	$0	$0	$0
Tom Childrey (Director)	$0	$0	$0
Jeffery Hastings (President)	$0	$0	$0
Dave Corsetti (Vice President)	$0	$0	$0
Greg Racshke (Treasurer)	$0	$0	$0
Doug Shiveler (Director)	$0	$0	$0
Skip Wentz (Director)	$0	$0	$0
Phil Jones (Director)	$0	$0	$0
Blaine Smith (Director)	$0	$0	$0
Kenny Krause (Director)	$0	$0	$0
Emma Goering (Director)	$0	$0	$0

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990

Filed on Sept. 24, 2025

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$6,256,398

Expenses

$5,202,070

Net Income

$1,054,328

Net Assets

$16,528,485

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$4,665,622	74.6%
Investment Income	$268,781	4.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$51,501
Net Inventory Sales	$1,169,370	18.7%
Other Revenue	$204,126	3.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,172,704	41.8%

Assets/Debt
Total Assets	$20,880,766
Total Liabilities	$4,352,281
Net Assets	$16,528,485

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$0

Compensation

Key Employees and Officers	Compensation	Related	Other
James C White (Highest Compensated Employ)	$209,827	$0	$0
James Ivankovich (Executive Director)	$180,696	$0	$0
Dr Carol Figuers (Director)	$0	$0	$0
Anna Maria Taylor (Past President)	$0	$0	$0
Sam Johns (Director)	$0	$0	$0
Justus Everett (Director)	$0	$0	$0
Derek Bryan (Director)	$0	$0	$0
Tom Childrey (Director)	$0	$0	$0
Jeffery Hastings (President)	$0	$0	$0
Dave Corsetti (Secretary)	$0	$0	$0
Greg Racshke (Director)	$0	$0	$0
Heather Horton (Treasurer)	$0	$0	$0
Charles Raphun (Vice President)	$0	$0	$0
Phil Jones (Director)	$0	$0	$0
Blaine Smith (Director)	$0	$0	$0
Kenny Krause (Director)	$0	$0	$0
Michael Leming (Director)	$0	$0	$0

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990

Filed on July 22, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2022

Revenue

$5,764,962

Expenses

$4,108,618

Net Income

$1,656,344

Net Assets

$15,343,055

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$4,238,430	73.5%
Investment Income	$55,304	1.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$45,594
Net Inventory Sales	$1,140,446	19.8%
Other Revenue	$376,376	6.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,816,300	44.2%

Assets/Debt
Total Assets	$17,723,148
Total Liabilities	$2,380,093
Net Assets	$15,343,055

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$0

Compensation

Key Employees and Officers	Compensation	Related	Other
James C White (Highest Compensated Employ)	$188,694	$0	$0
James Ivankovich (Executive Director)	$178,109	$0	$0
Dr Carol Figuers (Director)	$0	$0	$0
Anna Maria Taylor (President)	$0	$0	$0
Sam Johns (Director)	$0	$0	$0
Justus Everett (Director)	$0	$0	$0
Dr Michael Leming (Director)	$0	$0	$0
Tom Childrey (Director)	$0	$0	$0
Jeffery Hastings (Director)	$0	$0	$0
Dr Gary Blank (Director)	$0	$0	$0
Greg Kempf (Past President)	$0	$0	$0
Dave Corsetti (Secretary)	$0	$0	$0
Greg Racshke (Director)	$0	$0	$0
Heather Horton (Treasurer)	$0	$0	$0
Charles Raphun (Vice President)	$0	$0	$0

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990

Filed on Nov. 7, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2021

Revenue

$7,548,091

Expenses

$3,370,968

Net Income

$4,177,123

Net Assets

$13,791,470

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$3,563,708	47.2%
Investment Income	$18,253	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$3,159,218	41.9%
Net Inventory Sales	$785,933	10.4%
Other Revenue	$20,979	0.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$164,163	4.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,511,932	44.9%

Assets/Debt
Total Assets	$15,275,045
Total Liabilities	$1,483,575
Net Assets	$13,791,470

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$0

Compensation

Key Employees and Officers	Compensation	Related	Other
James C White (Highest Compensated Employ)	$186,007	$0	$0
James Ivankovich (Executive Director)	$164,163	$0	$0
Dr Carol Figuers (Director)	$0	$0	$0
Dr Michael Steer (Director)	$0	$0	$0
Justus Everett (Director)	$0	$0	$0
Dr Michael Leming (Director)	$0	$0	$0
Tom Childrey (Director)	$0	$0	$0
Sarah Haithcock (Director)	$0	$0	$0
Dr Gary Blank (Director)	$0	$0	$0
Greg Kempf (Past President)	$0	$0	$0
Michael Washburn (Director)	$0	$0	$0
Anna Maria Taylor (President)	$0	$0	$0
Dave Corsetti (Secretary)	$0	$0	$0
Heather Horton (Treasurer)	$0	$0	$0
Charles Raphun (Vice President)	$0	$0	$0

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990

Filed on July 6, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

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PDF XML

Fiscal Year Ending Dec.
2020

Revenue

$3,700,158

Expenses

$3,152,363

Net Income

$547,795

Net Assets

$9,631,643

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$2,822,315	76.3%
Investment Income	$10,317	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$584,591	15.8%
Other Revenue	$282,935	7.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$153,912	4.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,448,254	45.9%

Assets/Debt
Total Assets	$9,800,724
Total Liabilities	$169,081
Net Assets	$9,631,643

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$0

Compensation

Key Employees and Officers	Compensation	Related	Other
James Ivankovich (Executive Director)	$153,912	$0	$0
James C White (Highest Compensated Employ)	$144,190	$0	$0
Dr Carol Figuers (Director)	$0	$0	$0
Dr Michael Steer (Director)	$0	$0	$0
Justus Everett (Director)	$0	$0	$0
Dr Michael Leming (Director)	$0	$0	$0
Tom Childrey (Director)	$0	$0	$0
Sarah Haithcock (Director)	$0	$0	$0
Dr Gary Blank (Director)	$0	$0	$0
Greg Kempf (Past President)	$0	$0	$0
Michael Washburn (Director)	$0	$0	$0
Anna Maria Taylor (President)	$0	$0	$0
Dave Corsetti (Secretary)	$0	$0	$0
Heather Horton (Treasurer)	$0	$0	$0
Charles Raphun (Vice President)	$0	$0	$0

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990

Filed on June 8, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2019

Revenue

$4,051,518

Expenses

$3,464,876

Net Income

$586,642

Net Assets

$9,083,848

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$2,869,147	70.8%
Investment Income	$7,250	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$360	0.0%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$1,145,031	28.3%
Other Revenue	$29,730	0.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$158,285	4.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,546,246	44.6%

Assets/Debt
Total Assets	$9,361,550
Total Liabilities	$277,702
Net Assets	$9,083,848

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$0

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2018

Revenue

$4,284,513

Expenses

$3,216,965

Net Income

$1,067,548

Net Assets

$8,497,206

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$2,699,329	63.0%
Investment Income	$1,820	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$104,934	2.4%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$1,063,313	24.8%
Other Revenue	$415,117	9.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$152,581	4.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,393,909	43.3%

Assets/Debt
Total Assets	$9,004,228
Total Liabilities	$507,022
Net Assets	$8,497,206

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$0

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2017

Revenue

$4,035,210

Expenses

$3,277,226

Net Income

$757,984

Net Assets

$7,429,658

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$2,764,628	68.5%
Investment Income	$1,289	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$99,843	2.5%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$968,307	24.0%
Other Revenue	$201,143	5.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$135,544	4.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,449,168	44.2%

Assets/Debt
Total Assets	$9,859,913
Total Liabilities	$2,430,255
Net Assets	$7,429,658

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$0

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Revenue

$3,662,804

Expenses

$3,010,928

Net Income

$651,876

Net Assets

$6,671,674

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$2,569,502	70.2%
Investment Income	$4,424	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$90,613	2.5%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$978,015	26.7%
Other Revenue	$20,250	0.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$96,910	3.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,349,635	44.8%

Assets/Debt
Total Assets	$10,175,571
Total Liabilities	$3,503,897
Net Assets	$6,671,674

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$0

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending Dec.
2015

Revenue

$3,578,477

Expenses

$3,057,740

Net Income

$520,737

Net Assets

$6,019,798

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$2,446,802	68.4%
Investment Income	$6,827	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$73,126	2.0%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$1,007,766	28.2%
Other Revenue	$43,956	1.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$96,450	3.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,312,829	42.9%

Assets/Debt
Total Assets	$10,079,082
Total Liabilities	$4,059,284
Net Assets	$6,019,798

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$0

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Revenue

$3,477,453

Expenses

$2,511,457

Net Income

$965,996

Net Assets

$5,499,061

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$3,555	0.1%
Program Services	$2,394,772	68.9%
Investment Income	$273	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$55,091	1.6%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$813,071	23.4%
Other Revenue	$210,691	6.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$87,690	3.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,106,027	44.0%

Assets/Debt
Total Assets	$10,044,524
Total Liabilities	$4,545,463
Net Assets	$5,499,061

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$0

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$3,258,565

Expenses

$2,389,453

Net Income

$869,112

Net Assets

$4,533,065

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,923	0.1%
Program Services	$2,354,969	72.3%
Investment Income	$642	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$43,827	1.3%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$857,127	26.3%
Other Revenue	$77	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$83,163	3.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,075,816	45.0%

Assets/Debt
Total Assets	$7,916,923
Total Liabilities	$3,383,858
Net Assets	$4,533,065

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$0

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$2,909,838

Expenses

$2,426,374

Net Income

$483,464

Net Assets

$3,663,953

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$2,054,396	70.6%
Investment Income	$3,936	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$37,001	1.3%
Net Fundraising	$0
Sales of Assets	-$96,166
Net Inventory Sales	$903,484	31.0%
Other Revenue	$7,187	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$90,464	3.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,031,837	42.5%

Assets/Debt
Total Assets	$7,339,420
Total Liabilities	$3,675,467
Net Assets	$3,663,953

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$0

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$2,623,621

Expenses

$2,400,105

Net Income

$223,516

Net Assets

$3,180,489

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,859,396	70.9%
Investment Income	$799	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$31,925	1.2%
Net Fundraising	$0
Sales of Assets	$2,788	0.1%
Net Inventory Sales	$728,713	27.8%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$84,756	3.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$966,032	40.2%

Assets/Debt
Total Assets	$7,042,004
Total Liabilities	$3,861,515
Net Assets	$3,180,489

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$0

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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North Carolina State University Faculty Club Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $6.75M (2024)

Expenses $5.81M (2024)

Total Assets $21M (2024)

Total Liabilities $3.49M (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

No Document Links

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Revenue

$6.75M (2024)

Expenses

$5.81M (2024)

Total Assets

$21M (2024)

Total Liabilities

$3.49M (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004