The Elizabeth City State Univ Foundation
Governed by a 20 member board, the foundation's purpose is to aid, support and promote teaching, research and services in the various educational, scientific, scholarly, professional, artistic and creative endeavors of the university. The ecsu foundation is committed to enduring the future of the university by building ecsu's endowment to provide for its need in perpetuity. The investment and annual reinvestment, allowed at a higher rate of return than other reserve funds, of the ecsu foundation endowment allows the university to increase its impact on the region as well as the capacity to meet the needs of the students it serves.
Key facts about The Elizabeth City State Univ Foundation
In short: The Elizabeth City State Univ Foundation gave $573K across 2 grants in 2025 (avg $287K), mostly in North Carolina. Source: 2025 IRS Form 990.
- EIN
- 23-7115345
- Latest 990 filing
- Form 990, 2025
- Annual giving (2025)
- $573,365
- Grants made (2025)
- 2
- Average grant
- $286,683
- Median grant
- $286,683
- Total assets
- $22,540,024
- Primary geography
- North Carolina (100% of itemized 2025 grant dollars)
Data from IRS Form 990, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$22.5M
+5.0% YoY
Annual Giving
$573K
-7.1% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$287K
-7.1% YoY
How The Elizabeth City State Univ Foundation gives
- Giving fell 59% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
About The Elizabeth City State Univ Foundation
Based on IRS filings
The Elizabeth City State Univ Foundation is a public charity, based in Elizabeth City, NC. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $22.5M in total assets. In 2025, it awarded 2 grants totaling $573K. Net investment income was $683K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $573K (2025) to $8.4M (2021). In 2025 it made 2 grants totaling $573K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Elizabeth City State University ($573K across 2 grants).
Grant Size Distribution
10 grants across all recorded years
The most common grant size was in the $250–500K range: 6 grants of 10 (60%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Elizabeth City State University Elizabeth City, NC | Scolarships to Ecsu Students. | $467,375 |
| Elizabeth City State University Elizabeth City, NC | Dormitory Renovations | $105,990 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $22,540,024 | $21,460,773 | $20,234,174 |
| Revenue | $3,154,495 | $3,350,015 | $2,677,330 |
| Expenses | $2,358,465 | $2,418,589 | $2,464,054 |
| Net Investment Income | $682,884 | $484,597 | $3,008 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS April 22, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS March 23, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 8, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS April 10, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS March 31, 2025)
- Updated Form 990 for fiscal year 2025 (received by the IRS March 30, 2026)
- IRS filings on file for fiscal years 2020–2025
Leadership & Key People
Officers and directors from IRS filings
The Elizabeth City State Univ Foundation is led by Kevin Wade, Executive Director & Non-Voting Member since 2025 (on filings since 2024); none of the 20 officers listed in 2025 report compensation.
Officers on the 2025 filing
Kevin Wade
Executive Director & Non-Voting Member
Executive Director → Executive Director & Non-Voting Member, 2025
On filings since 2024
40 hrs/week
No compensation reported
Kimrey Rhinehardt
Chairman
Director → Chairman, 2023
On filings since 2020
4 hrs/week
No compensation reported
Diana M. Gardner
Board Member
Director → Board Member, 2023
On filings since 2020
2 hrs/week
No compensation reported
Bernadine A. Cobb
Vice Chairman
Director → Board Member, 2023
Board Member → Vice Chairman, 2024
On filings since 2021
2 hrs/week
No compensation reported
Jermaine McKinley
Treasurer
Director → Treasurer, 2023
On filings since 2021
2 hrs/week
No compensation reported
Christine Evans
Non-Voting Board Member
Director → Non-Voting Board Member, 2025
On filings since 2022
1 hr/week
No compensation reported
Annalisa Carawan Morgan
Secretary
Board Member → Secretary, 2025
On filings since 2023
2 hrs/week
No compensation reported
Col Randy B. Bell
Board Member
On filings since 2023
1 hr/week
No compensation reported
James Bell
Board Member
On filings since 2023
2 hrs/week
No compensation reported
James Cherry II
Board Member
On filings since 2023
1 hr/week
No compensation reported
Timothy Minor
Board Member
On filings since 2023
2 hrs/week
No compensation reported
Jennifer Bailey
Board Member
On filings since 2024
2 hrs/week
No compensation reported
Lisa Westbrook
Board Member
On filings since 2024
2 hrs/week
No compensation reported
Raymond Weaver
Board Member
On filings since 2024
2 hrs/week
No compensation reported
Catherine Edmonds
Interim Chancellor
New on the 2025 filing
2 hrs/week
No compensation reported
Kenneth Weeden
Board Member
New on the 2025 filing
2 hrs/week
No compensation reported
Lori Gibbs
Board Member
New on the 2025 filing
2 hrs/week
No compensation reported
Nylissa Snagg
Non-Voting Board Member
New on the 2025 filing
1 hr/week
No compensation reported
Robert Thibeault
Non-Voting Board Member
New on the 2025 filing
2 hrs/week
No compensation reported
Sadie Johnson-Carter
Board Member
New on the 2025 filing
2 hrs/week
No compensation reported
Former officers (27)
- Former: Emmanuel D. Harris (2020–2024) — Board Member
- Former: Jerry Spruell (2020–2024) — Board Member
- Former: Karrie G. Dixon (2020–2024) — Chancellor
- Former: Lenora Jarvis-Mackey (2020–2024) — Secretary
- Former: Christian Lewis (2021–2024) — Board Member
- Former: Elston Howell (2022–2024) — Board Member
- Former: Sadie Johnson Carter (2022–2024) — Board Member
- Former: L. Chantel Cherry-Lassiter (2021–2023) — Vice Chairman
- Former: Lydia Daniel (2021–2023) — Board Member
- Former: Tracey Tullie (2021–2023) — Board Member
- Former: Gary Brown (2023) — Executive Director
- Former: Abdul Sm Rasheed (2020–2022) — Director
- Former: Anita Walton (2020–2022) — Executive Director
- Former: Jeanette Evans (2020–2022) — Director
- Former: Patricia J. Gibbs (2020–2022) — Secretary
- Former: Peter M. Eley (2020–2022) — Chairman
- Former: Randy B. Bell (2020–2022) — Treasurer
- Former: Alana R. Simmons Grant (2021–2022) — Director
- Former: Alana R. Simmons (2020) — Director
- Former: Freda McBride (2020) — Director
- Former: Juan Ortiz (2020) — Director
- Former: Khya Kornegay (2020) — Director
- Former: Letitia Evans (2020) — Interim Executive Director
- Former: Lisa McClinton (2020) — Director
- Former: Paul A. Norman (2020) — Director
- Former: Stephanie Johnson (2020) — Director
- Former: Thomas Evans (2020) — Director
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Elizabeth City State Univ Foundation
How much does The Elizabeth City State Univ Foundation give each year?
The Elizabeth City State Univ Foundation gave $573K across 2 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $617K across 2 grants.
How large is The Elizabeth City State Univ Foundation?
The Elizabeth City State Univ Foundation reported $22.5M in total assets on its 2025 IRS Form 990. Its revenue that year was $3.2M.
Where does The Elizabeth City State Univ Foundation operate?
The Elizabeth City State Univ Foundation has awarded grants in North Carolina.
What is The Elizabeth City State Univ Foundation's EIN?
The Elizabeth City State Univ Foundation's EIN (Employer Identification Number) is 23-7115345. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching The Elizabeth City State Univ Foundation by hand.
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