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NC State Study Center

Tax-deductible

Chapel Hill, NC501(c)(3)Since 2024Religion EIN 99-2624844Revenue $431K in FY2025Latest return filed May 12, 2026

On file with the IRSChapel Hill, NCTax-exempt since Jun 2024Publicly supported — 509(a)(2)

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Our mission is to focus our education and religious efforts to students, faculty, and guests of NC State University. Persons unaffiliated with the institution may still be permitted to use our facilities and attend our discussions. We hope to offer our facility to the public.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 99-2624844) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
52¢ of each $1 spent went to programs.
Run by 30 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Spent on programs
52%
of spending
52% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
3.9 mo
of spending, in cash
3.9 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $57K
2 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$1.0M
73% of total assets
Liabilities are 73% of assets.
Pt X · Ln 26
Independent board members
5
of 6 voting members
5 of 6 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$431K
Spent
$280K
To programs
52%
Net assets
$386K

From the FY2025 Form 990 (year ending June 2025) · see the original

990 PDF Support Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2024.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

52 cents of each dollar spent went to programs.

Program services 52% · $145K Management & general 48% · $135K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Herb Bales
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Jay Best
Treasurer
$0Pt VII · Sec A
James Wiley
President and Chair
$0Pt VII · Sec A
Madison Perry
Secretary
$0Pt VII · Sec A
Thomas Gatewood III
Execuive Director
$0Pt VII · Sec A
See NC State Study Center executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers educational and religious programs to university students, faculty, and guests, with public access to facilities and discussions.

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1 program · $145K · in their own filed words · FY2024
01

Our mission is to focus our education and religious efforts to students, faculty, and guests of NC State University. Persons unaffiliated with the institution may still be permitted to use our facilities and attend our discussions. We hope to offer our facility to the public.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 99-2624844) · Dispute this line
$145Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
M & J Foundation INCFY2024$50K
Natl Christian Charitable Fdn INCFY2024$7K
Total grants receivedfrom 2 funders$57K

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$431K
Ln 12
Gifts and grantsLn 1h$424K
Investment incomeLn 3$6K
Other incomeLn 4–11$878
Money outPt IX
$280K
Ln 25
Programscol B$145K
Managementcol C$135K
Owns and owesPt X
$386K
net assets · Ln 32
Cash and savingsLn 1–2$91K
Total assetsLn 16$1.4M
LiabilitiesLn 26$1.0M
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$424K
Noncash giftsLn 1g$241K
Fees for servicesLn 2g$810
Investment incomeLn 3$6K
Other incomeLn 4–11$878
Total revenueLn 12$431K
Assets in detailPt X, end of year
SavingsLn 2$91K
Cash and savings togetherLn 1–2$91K
Land, buildings, equipmentLn 10c$1.1M
Other assetsLn 15$232K
Total assetsLn 16$1.4M
LiabilitiesLn 26$1.0M
Net assetsLn 32$386K
OperationsPt I, VI
EmployeesI 50
VolunteersI 630
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$241K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$35K$91K
Land, buildings, equipmentLn 10c$1.1M$1.1M
Total assetsLn 16$1.3M$1.4M
LiabilitiesLn 26$1.0M$1.0M
Net assetsLn 32$235K$386K
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$117K$117K
Pension plan contributionsLn 8$2K$2K
Other employee benefitsLn 9$12K$12K
Payroll taxesLn 10$2K$2K
Other fees for servicesLn 11g$3K$3K
Office expensesLn 13$1K$1K
Information technologyLn 14$2K$2K
OccupancyLn 16$21K$21K
TravelLn 17$760$760
InterestLn 20$80K$80K
Depreciation, depletion and amortizationLn 22$15K$15K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$7K$452$6K
All other expensesLn 24e$15K$12K$3K
Total functional expensesLn 25$280K$145K$135K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS May 12, 2026 $431K$280K$151K$386K 990 PDF

Schedules filed Part IV

A · Public support B · Donors D · Assets and endowments M · Noncash O · Explanations
See the full FY2025 990
Part I · Summary $431,359 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $246,595$424,007
I-9 Program service revenue$810
I-10 Investment incomePrior year $108$5,664
I-11 Other revenue$878
I-12 Total revenuePrior year $246,703$431,359
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $10,971$132,915
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $567$147,146
I-18 Total expensesPrior year $11,538$280,061
I-19 Revenue less expensesPrior year $235,165$151,298
Part VI · Governance 5 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $431,359 across 8 lines filed
VIII-1f All other contributions, gifts and grants$424,007
VIII-1g Noncash contributions (included above)$241,247
VIII-1h Total contributions, gifts and grants$424,007
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $810$810
VIII-3 Investment incomeRelated to mission $5,664$5,664
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $878$878
VIII-12 Total revenueRelated to mission $7,352 · Unrelated business $0 · Excluded from tax $0$431,359
Part IX · Statement of functional expenses $280,061 across 14 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $117,322$117,322
IX-8 Pension plan contributionsManagement $2,087$2,087
IX-9 Other employee benefitsManagement $11,735$11,735
IX-10 Payroll taxesManagement $1,771$1,771
IX-11g Other fees for servicesManagement $3,434$3,434
IX-13 Office expensesManagement $1,156$1,156
IX-14 Information technologyManagement $1,566$1,566
IX-16 OccupancyManagement $20,694$20,694
IX-17 TravelPrograms $760$760
IX-20 InterestManagement $80,200$80,200
IX-22 Depreciation, depletion and amortizationPrograms $14,503$14,503
IX-23 InsuranceManagement $2,726$2,726
IX-24 Other expenses (24a–d)Programs $452 · Management $6,406$6,858
IX-24e All other expensesPrograms $12,067 · Management $3,182$15,249
IX-25 Total functional expensesPrograms $145,104 · Management $134,957 · Fundraising $0$280,061
Part X · Balance sheet $1,428,173 assets, 9 lines filed
X-2 Savings and temporary cash investmentsStart of year $35,290$90,789
X-10c Land, buildings and equipment, netStart of year $1,106,610$1,105,243
X-15 Other assetsStart of year $141,529$232,141
X-16 Total assetsStart of year $1,284,915$1,428,173
X-25 Other liabilitiesStart of year $1,049,750$1,041,704
X-26 Total liabilitiesStart of year $1,049,750$1,041,704
X-27 Net assets without donor restrictionsStart of year $235,165$386,469
X-32 Total net assets or fund balancesStart of year $235,165$386,469
X-33 Total liabilities and net assetsStart of year $1,284,915$1,428,173
Part XI · Reconciliation of net assets $386,469 net assets at year end
XI-1 Total revenue$431,359
XI-2 Total expenses$280,061
XI-3 Revenue less expenses$151,298
XI-4 Net assets at start of year$235,165
XI-8 Prior period adjustments$6
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$386,469

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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