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Nonprofiteer
← QUEENS UNIVERSITY OF CHARLOTTE ENDOWMENT

Form 990 for tax year 2022

Filed by QUEENS UNIVERSITY OF CHARLOTTE ENDOWMENT.

Totals

Total revenue
$3,459,786
Total expenses
$13,945,020
Contributions and grants received
$3,466,168
Grants paid
$13,263,486
Program service revenue
$0
Investment income
-$6,382
Other revenue
$0
Total assets, end of year
$154,502,680
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$154,502,680
Program services expenses (Part IX)
$13,574,538
Management and general expenses
$322,706
Fundraising expenses
$47,776
Program service expenses (Part III)
$13,574,538

Program services were 97.3% 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.

  • 1d · Related organizations

    $3,466,168

  • 3 · Investment income

    total -$6,382 · unrelated business -$6,382

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $13,263,486 · program services $13,263,486

  • 11f · Fees: investment management

    total $197,645 · program services $90,205 · management and general $93,585 · fundraising $13,855

  • 11g · Fees: other

    total $483,889 · program services $220,847 · management and general $229,121 · fundraising $33,921

Balance sheet

Part X, book values.

  • 12 · Investments: other securities

    beginning of year $153,989,404 · end of year $154,502,680

  • 28 · Net assets with donor restrictions

    beginning of year $153,989,404 · end of year $154,502,680

Mission and programs · 2022

Mission

THE ENDOWMENT WILL PERFORM THE ENDOWMENT FUNCTIONS AND CARRY OUT THE PURPOSES OF QUEENS UNIVERSITY OF CHARLOTTE AND FOUNDATION FOR THE CAROLINAS WITH RESPECT TO THE QUEENS UNIVERSITY OF CHARLOTTE.

  • DISTRIBUTE GRANTS TO SUPPORT QUEENS UNIVERSITY SCHOLARSHIP PROGRAM.

    Expenses $13,574,538 · Grants $13,263,486

As filed on the 2022 return.

Listed in Part VII

  • L Watts Hamrick III

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Donna Dean

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Rob Engel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Hooper Hardison

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Eric McCarthy CFA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Susan McConnell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Manuel Rey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Marcia Tillotson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Margi Vagell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Daniel Lugo

    PRESIDENT

    Total calculated
    $632,710
    From this org
    $0
    From related orgs
    $525,693
    Other
    $107,017
    Hours/week
    0.5 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $462,479 related
    Bonus
    $0 + $55,000 related
    Other
    $0 + $8,214 related
    Deferred
    $0 + $15,250 related
    Nontaxable benefits
    $0 + $91,767 related
    Filer's total
    $0 + $632,710 related

  • Alyssa Federico

    ASSISTANT SECRETARY

    Total calculated
    $293,108
    From this org
    $0
    From related orgs
    $258,695
    Other
    $34,413
    Hours/week
    0.5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $197,978 related
    Bonus
    $0 + $58,500 related
    Other
    $0 + $2,217 related
    Deferred
    $0 + $31,020 related
    Nontaxable benefits
    $0 + $3,393 related
    Filer's total
    $0 + $293,108 related

  • Mary Alice Boyd

    ASSISTANT SECRETARY

    Total calculated
    $254,832
    From this org
    $0
    From related orgs
    $222,878
    Other
    $31,954
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $207,800 related
    Bonus
    $0 + $14,280 related
    Other
    $0 + $798 related
    Deferred
    $0 + $10,975 related
    Nontaxable benefits
    $0 + $20,979 related
    Filer's total
    $0 + $254,832 related

  • Charles G Beuris

    ASSISTANT SECRETARY

    Total calculated
    $201,032
    From this org
    $0
    From related orgs
    $161,528
    Other
    $39,504
    Hours/week
    0.5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $144,090 related
    Bonus
    $0 + $12,500 related
    Other
    $0 + $4,938 related
    Deferred
    $0 + $28,800 related
    Nontaxable benefits
    $0 + $10,704 related
    Filer's total
    $0 + $201,032 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

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.

Provenance

Return type
form_990
Tax year
2022
Filed
1 May 2024
IRS schema version
2022v5.0
Source object
202401299349301300

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