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← UNIVERSITY OF NORTH CAROLINA AT ASHEVILLE FOUNDATION INC

Form 990 for tax year 2022

Filed by UNIVERSITY OF NORTH CAROLINA AT ASHEVILLE FOUNDATION INC.

Totals

Total revenue
$9,511,257
Total expenses
$7,198,608
Contributions and grants received
$7,172,189
Grants paid
$4,313,428
Program service revenue
$0
Investment income
$1,867,335
Other revenue
$471,733
Total assets, end of year
$62,884,016
Total liabilities, end of year
$5,349,292
Net assets or fund balances, end of year
$57,534,724
Program services expenses (Part IX)
$6,549,454
Management and general expenses
$228,508
Fundraising expenses
$420,646
Program service expenses (Part III)
$6,549,454

Program services were 91.0% 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

    $7,172,189

  • 1g · Noncash contributions included above

    $145,937

  • 3 · Investment income

    total $217,840 · related or exempt $217,840

  • 6a · Gross rents

    real property $206,969

  • 6b · Less rental expenses

    real property $166,232

  • 6c · Rental income or loss

    real property $40,737

  • 6d · Net rental income or loss

    total $40,737 · related or exempt $40,737

  • 7a · Gross sales of assets other than inventory

    securities $3,664,167

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

    securities $2,014,672

  • 7c · Gain or loss

    securities $1,649,495

  • 7d · Net gain or loss

    total $1,649,495 · related or exempt $1,649,495

  • 8a · Fundraising events: gross income

    $214,914

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $214,914 · excluded $214,914

  • 11a · Other revenue: Miscellaneous income

    total $216,082 · related or exempt $216,082

  • 11e · Other revenue, total

    $216,082

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,313,428 · program services $4,313,428

  • 11b · Fees: legal

    total $1,125 · management and general $1,125

  • 11c · Fees: accounting

    total $21,700 · management and general $21,700

  • 11f · Fees: investment management

    total $183,307 · management and general $183,307

  • 11g · Fees: other

    total $1,137,099 · program services $881,783 · management and general $9,484 · fundraising $245,832

  • 12 · Advertising and promotion

    total $152,745 · program services $152,745

  • 17 · Travel

    total $328,872 · program services $297,610 · management and general $271 · fundraising $30,991

  • 20 · Interest

    total $171,333 · program services $171,333

  • 22 · Depreciation, depletion and amortization

    total $66,668 · program services $66,668

  • 23 · Insurance

    total $29,377 · program services $26,032 · management and general $2,852 · fundraising $493

  • 24a · Other expenses: Subscriptions

    total $270,643 · program services $156,928 · management and general $8,000 · fundraising $105,715

  • 24b · Other expenses: Supplies

    total $161,528 · program services $140,524 · management and general $1,516 · fundraising $19,488

  • 24c · Other expenses: Equipment, noncapitaliz

    total $86,286 · program services $79,166 · fundraising $7,120

  • 24d · Other expenses: Annuity expense

    total $54,028 · program services $54,028

  • 24e · All other expenses

    total $220,469 · program services $209,209 · management and general $253 · fundraising $11,007

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $6,693,377 · end of year $4,486,312

  • 3 · Pledges and grants receivable

    beginning of year $1,098,755 · end of year $2,377,359

  • 4 · Accounts receivable

    beginning of year $614,297 · end of year $827,520

  • 9 · Prepaid expenses and deferred charges

    beginning of year $89,201 · end of year $132,311

  • 10a · Land, buildings and equipment: cost or other basis

    $7,374,459

  • 10b · Land, buildings and equipment: accumulated depreciation

    $956,480

  • 10c · Land, buildings and equipment, net

    beginning of year $2,519,738 · end of year $6,417,979

  • 11 · Investments: publicly traded securities

    beginning of year $4,742,096 · end of year $5,131,968

  • 12 · Investments: other securities

    beginning of year $44,836,620 · end of year $42,416,225

  • 15 · Other assets

    beginning of year $1,160,345 · end of year $1,094,342

  • 17 · Accounts payable and accrued expenses

    beginning of year $320,624 · end of year $379,952

  • 23 · Secured mortgages and notes payable

    beginning of year $2,001,921 · end of year $3,447,188

  • 25 · Other liabilities

    beginning of year $2,843,281 · end of year $1,522,152

  • 27 · Net assets without donor restrictions

    beginning of year $2,141,720 · end of year $3,829,558

  • 28 · Net assets with donor restrictions

    beginning of year $54,446,883 · end of year $53,705,166

Mission and programs · 2022

Mission

The mission of the UNC Asheville Foundation, Inc. is to secure, manage, and distribute private support to enhance the growth and development of UNC Asheville.

Activities or mission (Part I)

To secure, manage and distribute private support to enhance the growth and development of the University of North Carolina at Asheville.

  • The Foundation exists to provide support to the University of North Carolina at Asheville, a state owned four year University. In this capacity, the Foundation receives funds that are spent on behalf of the Unversity such as scholarships, faculty grants and awards, purchase of equipment and internal expense for printing, supplies, etc.

    Expenses $6,549,454 · Grants $4,313,428 · Revenue $2,124,154

As filed on the 2022 return.

Listed in Part VII

  • Donna Bailey

    Director

    Total calculated
    $0
    Hours/week
    1

  • Lauren Braswell

    Director

    Total calculated
    $0
    Hours/week
    1

  • Holly Bunting

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Kenya Edwards

    Director

    Total calculated
    $0
    Hours/week
    1

  • Cynthia Eller

    Director

    Total calculated
    $0
    Hours/week
    1

  • Maryann Jones

    Board Chair

    Total calculated
    $0
    Hours/week
    1

  • Frank Moretz

    Director

    Total calculated
    $0
    Hours/week
    1

  • Anthony Thomas

    Director

    Total calculated
    $0
    Hours/week
    1

  • Susan Shanor

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ellen Carr

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mike Tracy

    Director

    Total calculated
    $0
    Hours/week
    1

  • Marcus Dover

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sara Bissette

    Director

    Total calculated
    $0
    Hours/week
    1

  • David Worley

    Director

    Total calculated
    $0
    Hours/week
    1

  • Chris Marshall

    Director

    Total calculated
    $0
    Hours/week
    1

  • Greg Burnette

    Director

    Total calculated
    $0
    Hours/week
    1

  • Paul Fanning

    Director

    Total calculated
    $0
    Hours/week
    1

  • Dan Pierce

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sally Wasileski

    Director

    Total calculated
    $0
    Hours/week
    1

  • Graham Reynolds

    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.

Grants on this return

  • University of North Carolina at Asheville

    $1,889,017

    To provide general assistance to the University

  • University of North Carolina at Asheville

    $1,781,337

    To provide assistance to university for scholarships

  • University of North Carolina at Asheville

    $239,977

    To provide assistance to the University for Private grants

  • University of North Carolina at Asheville

    $0

    To provide equipment to the University.

  • University of North Carolina at Asheville

    $0

    To provide assistance to the University

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.

  • UNC Asheville Baseball Stadium LLC

    Expansion of existing baseball stadium of UNC Asheville · NC · income $45,361 · assets $90,535

    Directly controlled by University of North Carolina at Asheville Foundation Inc

  • UNC Asheville Real Estate LLC

    Real estate management and acquisition · NC · income $23,641 · assets $4,668,957

    Directly controlled by University of North Carolina at Asheville Foundation Inc

  • UNC Asheville Makerspace LLC

    Operating lease of commercial building · NC · income $84,552 · assets $926,885

    Directly controlled by University of North Carolina at Asheville Foundation Inc

  • UNC Asheville Riverside Property LLC

    Operating lease of building · NC · income $156,970 · assets $1,723,650

    Directly controlled by University of North Carolina at Asheville Foundation Inc

Provenance

Return type
form_990
Tax year
2022
Filed
8 March 2024
IRS schema version
2022v5.0
Source object
202410689349301226

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