Public Charity

FAYETTEVILLE STATE UNIVERSITY FOUNDATION

Based in FAYETTEVILLE, NC, FAYETTEVILLE STATE UNIVERSITY FOUNDATION operates as a Public Charity. The organization reported $3.1M in revenue, $3.1M in expenses, $27.1M in total assets for fiscal year 2025. Imperigo tracks 39 reported grant relationships connected to this organization totaling approximately $2.0M.

EIN: 237029901 FAYETTEVILLE, NC Universities NTEE: B43 Latest filing: 2025
Total Revenue$3.1M
Total Expenses$3.1M
Total Assets$27.1M
Grant Records39
Funding Total$2.0M
Filing Years2021–2025

Mission

TO RAISE AND DISBURSE FUNDS FOR PROGRAMS THAT WILL FURTHER THE EDUCATIONAL PURPOSES OF FAYETTEVILLE STATE UNIVERSITY.

Where $100 goes at Fayetteville State University Foundation

How Fayetteville State University Foundation divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.

$94 Programs the work itself
$6 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $94 for programs

$47
A
50% of program spending
$47
Fsu housing foundation LLC, a wholly owned subsidiary, operates a student housing facility
About 50% (cost not reported)
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

DIRECTOR Dr Cathy Waddell
DIRECTOR Dr John Godbolt
DIRECTOR Dr Kimberly Jeffries Leonard
DIRECTOR Dr Monica Leach
DIRECTOR Dr Reginald A Wells
DIRECTOR Dr Richard D Kingsberry

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$1,120,948 17 grants
Education
$652,174 16 grants
Economic Development
$11,187 1 grant
Unspecified
$217,657 4 grants

Financial Trends

Year Revenue Expenses Assets
2025 $3.1M $3.1M $27.1M
2024 $4.4M $3.8M $26.1M
2023 $5.5M $5.2M $26.6M
2022 $3.6M $2.2M $25.0M
2021 $2.1M $1.8M $23.8M

Between 2021 and 2025, reported annual revenue grew from $2.1M to $3.1M (+44%), with total assets most recently reported at $27.1M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for FAYETTEVILLE STATE UNIVERSITY FOUNDATION

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