Form 990 for tax year 2022
Filed by UNIVERSITY OF NORTH CAROLINA CHAPEL HILL ARTS AND SCIENCES FOUNDATION.
Totals
- Total revenue
- $33,883,776
- Total expenses
- $23,022,534
- Contributions and grants received
- $33,174,578
- Grants paid
- $22,073,220
- Program service revenue
- $0
- Investment income
- $709,198
- Other revenue
- $0
- Total assets, end of year
- $523,242,073
- Total liabilities, end of year
- $1,859,830
- Net assets or fund balances, end of year
- $521,382,243
- Program services expenses (Part IX)
- $22,169,386
- Management and general expenses
- $174,289
- Fundraising expenses
- $678,859
- Program service expenses (Part III)
- $22,169,386
Program services were 96.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$33,174,578
-
1g · Noncash contributions included above
$5,082,291
-
3 · Investment income
total $234,970 · excluded $234,970
-
7a · Gross sales of assets other than inventory
securities $742,978
-
7b · Less cost or other basis and sales expenses
securities $268,750
-
7c · Gain or loss
securities $474,228
-
7d · Net gain or loss
total $474,228 · excluded $474,228
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $22,073,220 · program services $22,073,220
-
11g · Fees: other
total $76,199 · management and general $76,199
-
13 · Office expenses
total $135,792 · management and general $12,048 · fundraising $123,744
-
16 · Occupancy
total $88,254 · management and general $22,063 · fundraising $66,191
-
17 · Travel
total $160,512 · fundraising $160,512
-
19 · Conferences, conventions and meetings
total $136,474 · fundraising $136,474
-
20 · Interest
total $47,860 · management and general $11,965 · fundraising $35,895
-
22 · Depreciation, depletion and amortization
total $203,781 · program services $96,166 · management and general $26,904 · fundraising $80,711
-
24a · Other expenses: SUPPLIES & OTHER EXPENS
total $100,442 · management and general $25,110 · fundraising $75,332
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $29,742,605 · end of year $34,305,962
-
3 · Pledges and grants receivable
beginning of year $33,252,082 · end of year $31,678,552
-
4 · Accounts receivable
beginning of year $5,026,278 · end of year $3,642,508
-
10a · Land, buildings and equipment: cost or other basis
$8,616,923
-
10b · Land, buildings and equipment: accumulated depreciation
$3,011,290
-
10c · Land, buildings and equipment, net
beginning of year $5,809,414 · end of year $5,605,633
-
12 · Investments: other securities
beginning of year $442,027,905 · end of year $444,859,285
-
15 · Other assets
beginning of year $3,134,523 · end of year $3,150,133
-
17 · Accounts payable and accrued expenses
beginning of year $420 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $2,037,167 · end of year $1,859,830
-
27 · Net assets without donor restrictions
beginning of year $89,286,497 · end of year $91,453,591
-
28 · Net assets with donor restrictions
beginning of year $427,668,723 · end of year $429,928,652
Mission and programs · 2022
Mission
THE ARTS AND SCIENCES FOUNDATION CONTINUES TO RAISE FUNDS FOR THE COLLEGE OF ARTS & SCIENCES FACULTY, STUDENTS, FACILITIES AND PROGRAMS, ENSURING THAT THE NATION'S FIRST PUBLIC UNIVERSITY MAINTAINS AND ENHANCES ITS COMPETITIVE ADVANTAGE WELL INTO THE 21ST CENTURY. AS THE LARGEST UNIT ON CAMPUS, THE COLLEGE IS MADE UP OF FOUR DIVISIONS - FINE ARTS & HUMANITIES, NATURAL SCIENCES & MATHEMATICS, SOCIAL SCIENCES & GLOBAL PROGRAMS, AND UNDERGRADUATE EDUCATION - WHICH ALL RECEIVE FUNDRAISING SUPPORT FROM THE ARTS & SCIENCES FOUNDATION.
Activities or mission (Part I)
THE ARTS & SCIENCES FOUNDATION'S MISSION IS TO ENHANCE THE COLLEGE BY MEETING THE NEEDS OF THE VARIOUS ACADEMIC DEPARTMENTS, PROMOTING TEACHING, RESEARCH AND SERVICE, AND SUPPORTING THE CONTINUING DEVELOPMENT OF KNOWLEDGE AND LEARNING.
-
THE ARTS AND SCIENCES FOUNDATION, INC. PROVIDES GRANTS TO THE COLLEGE OF ARTS AND SCIENCES AT THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL FOR FACULTY AND STUDENTS THAT INCLUDE, BUT ARE NOT LIMITED TO, MERIT- AND NEED-BASED SCHOLARSHIPS, FELLOWSHIPS, STUDY ABROAD AWARDS FOR STUDENTS, AND PROFESSORSHIPS AND FACULTY EXCELLENCE FUNDS.
Expenses $22,169,386 · Grants $22,073,220
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Michael AndreasenMICHAEL ANDREASEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Douglas B BiggsDOUGLAS B BIGGS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Toure S ClaiborneTOURE S CLAIBORNE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Dorothea J ClarkDOROTHEA J CLARK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Rose CrawfordROSE CRAWFORD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
William R CumpstonWILLIAM R CUMPSTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Eve Smith DavisEVE SMITH DAVIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Joseph W DornJOSEPH W DORN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Robert L Edwards JrROBERT L EDWARDS JR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Rita R HanesRITA R HANES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Lisa Goddard HuffinesLISA GODDARD HUFFINES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Lorrie Davis HuschleLORRIE DAVIS HUSCHLE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Daniel J KellyDANIEL J KELLY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
David M KnottDAVID M KNOTT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Leon O LivingstonLEON O LIVINGSTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Alexander D McLeanALEXANDER D MCLEAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Molly Gwyn MonkMOLLY GWYN MONK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
John T MooreJOHN T MOORE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Pamela D ParkerPAMELA D PARKER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Blake L PikeBLAKE L PIKE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
John T PowellJOHN T POWELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
William M Ragland JrWILLIAM M RAGLAND JR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Jennifer Saul RichJENNIFER SAUL RICH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Grace M SchottGRACE M SCHOTT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Jason K ShroffJASON K SHROFF
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
James Lee SigmanJAMES LEE SIGMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Kenneth G SmithKENNETH G SMITH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Sterling A Spainhour JrSTERLING A SPAINHOUR JR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Thomas E Story IIITHOMAS E STORY III
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
James Leon Tanner JrJAMES LEON TANNER JR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Alexander N YongALEXANDER N YONG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Anne H C CollinsANNE H C COLLINS
EXECUTIVE DIRECTOR & SECRE
- Total calculated
- $0
- Hours/week
- 40
-
Jim WhiteJIM WHITE
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.3
-
Elizabeth EnglehardtELIZABETH ENGLEHARDT
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.3
-
Elizabeth BakanicELIZABETH BAKANIC
TREASURER
- Total calculated
- $0
- Hours/week
- 0.3
-
Thomas Caldecot Chubb IIITHOMAS CALDECOT CHUBB III
CHAIR
- Total calculated
- $0
- Hours/week
- 0.3
-
Ashley E ReidASHLEY E REID
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.3
-
William T Hobbs IIWILLIAM T HOBBS II
PAST CHAIR
- Total calculated
- $0
- Hours/week
- 0.3
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
UNC COLLEGE OF ARTS & SCIENCES
$22,073,220
SUPPORT FOR UNC SCHOOL OF ARTS & SCIENCE
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
CAROLINA TRUST LIMITED
PROMOTING THE EDUCATION OF STUDENTS AND FACULTY OF UNC · UK
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 28 February 2024
- IRS schema version
- 2022v5.0
- Source object
- 202400719349301215
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