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← FOUNDATION OF THE UNIVERSITY OF NORTH CAROLINA AT WILMINGTON INC

Form 990 for tax year 2022

Filed by FOUNDATION OF THE UNIVERSITY OF NORTH CAROLINA AT WILMINGTON INC.

Totals

Total revenue
$270,735
Total expenses
$255,866
Contributions and grants received
$99,142
Grants paid
$146,932
Program service revenue
$0
Investment income
$171,593
Other revenue
$0
Total assets, end of year
$9,950,079
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$9,950,079
Program services expenses (Part IX)
$186,903
Management and general expenses
$30,611
Fundraising expenses
$38,352
Program service expenses (Part III)
$186,903

Program services were 73.0% 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

    $99,142

  • 3 · Investment income

    total $58,831 · excluded $58,831

  • 7a · Gross sales of assets other than inventory

    securities $1,178,754

  • 7b · Less cost or other basis and sales expenses

    securities $1,065,992

  • 7c · Gain or loss

    securities $112,762

  • 7d · Net gain or loss

    total $112,762 · excluded $112,762

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $146,932 · program services $146,932

  • 11b · Fees: legal

    total $200 · management and general $200

  • 11c · Fees: accounting

    total $9,200 · management and general $9,200

  • 11f · Fees: investment management

    total $19,427 · management and general $19,427

  • 11g · Fees: other

    total $38,352 · fundraising $38,352

  • 23 · Insurance

    total $32,557 · program services $30,781 · management and general $1,776

  • 24a · Other expenses: TESTAMENTARY TRUST DIST

    total $7,959 · program services $7,959

  • 24b · Other expenses: PROPERTY TAXES

    total $1,231 · program services $1,231

  • 24c · Other expenses: MISCELLANEOUS

    total $8 · management and general $8

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $452,537 · end of year $513,133

  • 3 · Pledges and grants receivable

    beginning of year $143 · end of year $24

  • 11 · Investments: publicly traded securities

    beginning of year $2,203,437 · end of year $2,383,030

  • 12 · Investments: other securities

    beginning of year $5,335,423 · end of year $5,146,455

  • 13 · Investments: program-related

    beginning of year $1,122,000 · end of year $1,122,000

  • 15 · Other assets

    beginning of year $741,037 · end of year $785,437

  • 27 · Net assets without donor restrictions

    beginning of year $1,588,750 · end of year $1,563,570

  • 28 · Net assets with donor restrictions

    beginning of year $8,265,827 · end of year $8,386,509

Mission and programs · 2022

Mission

THE PURPOSE OF THE UNCW FOUNDATION, A 501(C)(3) NONPROFIT ORGANIZATION, IS TO ASSIST THE UNIVERSITY IN SOLICITING AND RECEIVING PRIVATE GIFTS TO FURTHER EDUCATIONAL PROGRAMS AND SCHOLARSHIP OPPORTUNITIES FOR STUDENTS. THE UNIVERSITY IS THE FOUNDATION'S SOLE BENEFICIARY.

  • GIFTS IN-KIND TO BENEFIT UNCW: THE FOUNDATION, THROUGH ITS ABILITY TO ACCEPT GIFTS IN-KIND, WHICH WILL BENEFIT THE UNIVERSITY, MAINTAINED REAL ESTATE PROPERTIES, AS WELL AS LIFE INSURANCE POLICIES AND CHARITABLE GIFT ANNUITIES AND TRUSTS, WHOSE PROCEEDS WILL ULTIMATELY BE GIFTED TO THE UNIVERSITY UPON THE DEATH OF THE DONORS.

    Expenses $39,971

  • CASH SUPPORT OF UNCW PROGRAMS: THE FOUNDATION SUPPORTED UNIVERSITY ENDOWED SCHOLARSHIPS WITH CASH GIFTS.

    Expenses $146,932 · Grants $146,932

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • DONIS N SMITH

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • BRUCE E MOSKOWITZ

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JERRY L ALLSBROOK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GEORGE P BARNES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEPHEN T BYRD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MAX T COFFEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GEORGE R EDWARDS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • HILDA C EDWARDS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MORGAN C JACKSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARTIN B MEYERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOSEPH S PERKINS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CAROLINE A REDA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LINDA B SAYED

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL B SHIVAR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANGELA B SHOFF

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SANDRA L SPIERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MILES LACKEY

    TREASURER

    Total calculated
    $329,934
    From this org
    $0
    From related orgs
    $282,888
    Other
    $47,046
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $282,864 related
    Bonus
    $0
    Other
    $0 + $24 related
    Deferred
    $0 + $39,257 related
    Nontaxable benefits
    $0 + $7,789 related
    Filer's total
    $0 + $329,934 related

  • MELISSA KENNEDY

    SECRETARY

    Total calculated
    $183,468
    From this org
    $0
    From related orgs
    $140,980
    Other
    $42,488
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $140,955 related
    Bonus
    $0
    Other
    $0 + $25 related
    Deferred
    $0 + $34,700 related
    Nontaxable benefits
    $0 + $7,788 related
    Filer's total
    $0 + $183,468 related

  • EDDIE STUART

    EXECUTIVE DIRECTOR

    Total calculated
    $269,930
    From this org
    $0
    From related orgs
    $230,948
    Other
    $38,982
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $230,948 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $31,169 related
    Nontaxable benefits
    $0 + $7,813 related
    Filer's total
    $0 + $269,930 related

  • ANNIE G SPRUNT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • HOWARD M STEIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JUDY R THARP

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RAIFORD G TRASK III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LEIGH W VENTERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID M WALLACE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ACQUENETTA V WHEELER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2022
Filed
9 November 2023
IRS schema version
2022v5.0
Source object
202313149349300241

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