The NCHSAA is a 501 (c) (3) non-profit corporation generating funds to promote and direct interscholastic athletics for its member schools and to provide opportunities for North Carolina student-athletes. The main sources of revenue for the NCHSAA annual operating budget come from revenue shares in playoff/championship contests, corporate support, membership dues, and officials’ registration. The NCHSAA does not receive funding from member schools’ regular season contests or direct funding from tax dollars or State funds.
- Audited Financial Statement 2021-2022
- Audited Financial Statement 2020-2021
- Audited Financial Statement 2019-2020
- Audited Financial Statement 2018-2019
Note: “Other expenditures for facilities/programs” line includes education-based grants, year-end endowment interest distributions to member schools, student scholarships, and administrative awards plus the $4 million CAPS provided in 2020-2021; Data comes from official 990 forms; 990s for years before 2021-22 can be found on IRS.gov website)
The Endowment Funds were established in 1991 and managed by the NCHSAA.
In May 2023, the NCHSAA Board of Directors approved the creation of the NCHSAA Foundation, Inc., a separate 501c3 entity, and these endowment funds are now managed under the Foundation and a Board of Trustees beginning with the 2023-24 school year.