Fayetteville State University Development Corp
Nonprofit profile at a glance
- EIN
- 562144768
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Fayetteville, NC, USA
- Phone
- 9106721084
- Rating confidence
- Limited
- Sector
- Urban, Community Economic Development
Reported finances
- Revenue
- $-31,421
- Expenses
- $78,910
- Assets
- $1,523,491
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Highest reported compensation
- MR DARRELL T ALLISON (DIRECTOR): $309,000 total reported compensation
- DR ULYSSES TAYLOR (CHAIR): $201,782 total reported compensation
- MR OMAR BELL (DIRECTOR): $187,460 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Business development using business incubator for area surrounding fsu campus.
What it reported doing in 2024
The organization strives to promote business development using business incubator for the area surrounding the fayetteville state university campus.
Operating model
- Revenue model
- No positive adjusted resources. The filing reports no positive adjusted operating resources.
- Distribution model
- Grant intermediary. The nonprofit sent 99% of its reported program spending out as grants.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: 72
- Transparency & Controls: 68
- Accountability: 79
- Sustainability: 35
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: 96.4%; rating input score 96
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 4 of 9 controls in place; rating input score 50
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Limited
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -351.1%; rating input score 9; 9th percentile among comparable filings
- Total-asset coverage ratio: 19.31; rating input score 78; 78th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
- Officer compensation ratio: Limited
Growth
- Program expense growth: 20.6% per year; rating input score 100; 85th percentile among comparable filings
- Revenue growth: -2.2% per year; rating input score 0; 52nd percentile among comparable filings
- Asset growth: 3.1% per year; rating input score 100; 58th percentile among comparable filings
Details
- Where the money goes: 96.4% of spending went to programs
- Governance: 7 of 7 board members independent · 4 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $76K in reported program spending
- Leadership: top reported pay $309K · 7 people listed · 0 of 6 pay-setting controls reported
- Consistency: 17 of 17 current checks pass
- Schedules: 6 filed schedules · includes grants and executive pay
- Filing history: 14 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 3 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: 4 of 8 not reported.
- High — Sustainability: Operating margin scored 9/100.
- High — Growth: Revenue growth scored 0/100.