Form 990 for tax year 2024
Filed by THE FOUNDATION OF THE UNIVERSITY OF NORTH CAROLINA AT CHARLOTTE INC.
Totals
- Total revenue
- $61,259,638
- Total expenses
- $27,418,878
- Contributions and grants received
- $49,633,884
- Grants paid
- $18,446,492
- Program service revenue
- $0
- Investment income
- $5,068,638
- Other revenue
- $6,557,116
- Total assets, end of year
- $462,343,134
- Total liabilities, end of year
- $133,862,907
- Net assets or fund balances, end of year
- $328,480,227
- Program services expenses (Part IX)
- $22,875,726
- Management and general expenses
- $4,429,196
- Fundraising expenses
- $113,956
- Program service expenses (Part III)
- $22,875,726
Program services were 83.4% 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
$49,633,884
-
1g · Noncash contributions included above
$3,881,883
-
3 · Investment income
total $1,726,733 · excluded $1,726,733
-
6a · Gross rents
real property $5,968,136
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $5,968,136
-
6d · Net rental income or loss
total $5,968,136 · excluded $5,968,136
-
7a · Gross sales of assets other than inventory
securities $24,761,705
-
7b · Less cost or other basis and sales expenses
securities $21,419,800
-
7c · Gain or loss
securities $3,341,905
-
7d · Net gain or loss
total $3,341,905 · excluded $3,341,905
-
11a · Other revenue: PROCESSING FEES & OTHER REVENUE
total $447,287 · excluded $447,287
-
11b · Other revenue: MISCELLANEOUS HOUSING FEES
total $141,693 · excluded $141,693
-
11e · Other revenue, total
$588,980
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $18,446,492 · program services $18,446,492
-
11b · Fees: legal
total $10,617 · program services $5,942 · management and general $4,675
-
11c · Fees: accounting
total $47,610 · management and general $47,610
-
11f · Fees: investment management
total $597,695 · management and general $597,695
-
11g · Fees: other
total $528,720 · program services $358,248 · management and general $170,472
-
12 · Advertising and promotion
total $196,278 · program services $146,697 · management and general $49,581
-
16 · Occupancy
total $1,693,009 · program services $870,068 · management and general $822,941
-
17 · Travel
total $141,283 · program services $26,517 · management and general $9,963 · fundraising $104,803
-
20 · Interest
total $4,408,835 · program services $2,750,894 · management and general $1,657,941
-
22 · Depreciation, depletion and amortization
total $1,053,696 · management and general $1,053,696
-
23 · Insurance
total $139,449 · program services $124,827 · management and general $14,622
-
24a · Other expenses: REPAIRS AND MAINTENANCE
total $146,041 · program services $146,041
-
24b · Other expenses: OTHER EXPENSES
total $9,153 · fundraising $9,153
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $41,478,570 · end of year $37,450,879
-
3 · Pledges and grants receivable
beginning of year $13,098,910 · end of year $36,170,333
-
4 · Accounts receivable
beginning of year $0 · end of year $15,628
-
9 · Prepaid expenses and deferred charges
beginning of year $23,831 · end of year $156,660
-
10a · Land, buildings and equipment: cost or other basis
$71,865,461
-
10b · Land, buildings and equipment: accumulated depreciation
$1,105,803
-
10c · Land, buildings and equipment, net
beginning of year $1,712,968 · end of year $70,759,658
-
11 · Investments: publicly traded securities
beginning of year $6,899,270 · end of year $16,193,632
-
12 · Investments: other securities
beginning of year $205,535,938 · end of year $231,553,752
-
15 · Other assets
beginning of year $70,564,342 · end of year $70,042,592
-
17 · Accounts payable and accrued expenses
beginning of year $863,386 · end of year $1,604,934
-
24 · Unsecured notes and loans payable
beginning of year $63,835,363 · end of year $128,229,984
-
25 · Other liabilities
beginning of year $2,945,225 · end of year $4,027,989
-
27 · Net assets without donor restrictions
beginning of year $29,100,466 · end of year $30,286,829
-
28 · Net assets with donor restrictions
beginning of year $242,569,389 · end of year $298,193,398
Mission and programs · 2024
Mission
THE FOUNDATION OF UNC CHARLOTTE RECEIVES CONTRIBUTIONS TO PROMOTE AND DEVELOP THE ACADEMIC AND EDUCATIONAL PURPOSE OF UNC CHARLOTTE BY PROVIDING SUPPORT FOR OPERATIONS, EDUCATIONAL PROGRAMS, AND SCHOLARSHIPS FOR THE UNIVERSITY AND ITS STUDENTS.
-
DISBURSEMENTS TO UNC CHARLOTTE TO SUPPORT STUDENT FINANCIAL AID AND STUDENT SERVICES.
Expenses $11,078,232 · Grants $7,931,842 · Revenue $34,881,102
-
DISBURSEMENTS TO UNC CHARLOTTE FOR SCIENTIFIC AND EDUCATIONAL RESEARCH PROGRAMS, GENERAL ACADEMIC SUPPORT FOR FACULTY, AND CONTINUING EDUCATION.
Expenses $6,256,784 · Grants $5,990,725 · Revenue $6,267,875
-
DISBURSEMENTS TO UNC CHARLOTTE FOR ACADEMIC INSTRUCTION AND ACADEMIC SUPPORT FOR FACULTY.
Expenses $1,574,455 · Grants $1,573,117 · Revenue $2,226,949
-
OTHER INSTITUTIONAL SUPPORT AND COMMUNITY INVOLVEMENT
Expenses $3,966,255 · Grants $2,950,808 · Revenue $6,257,955
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Dr Richard AmonDR RICHARD AMON
TREASURER
- Total calculated
- $343,567
- From this org
- $0
- From related orgs
- $283,316
- Other
- $60,251
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $283,316 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $41,260 related
- Nontaxable benefits
- $0 + $18,991 related
- Filer's total
- $0 + $343,567 related
-
Gene B JohnsonGENE B JOHNSON
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Bryan A DelaneyBRYAN A DELANEY
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Donnie KoonceDONNIE KOONCE
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
George G KroustalisGEORGE G KROUSTALIS
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Gregory S RossGREGORY S ROSS
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Emma S AllenEMMA S ALLEN
INDIVIDUAL TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Amy Klein AznarAMY KLEIN AZNAR
INDIVIDUAL TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Paul BatesPAUL BATES
INDIVIDUAL TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr Craig R BrownDR CRAIG R BROWN
INDIVIDUAL TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Tanya BrownTANYA BROWN
INDIVIDUAL TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Bo CaubleBO CAUBLE
INDIVIDUAL TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
David H CobleDAVID H COBLE
INDIVIDUAL TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Larry ColbourneLARRY COLBOURNE
INDIVIDUAL TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Amanda Weisiger CornelsonAMANDA WEISIGER CORNELSON
INDIVIDUAL TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jeffrey Jeff FloydJEFFREY JEFF FLOYD
INDIVIDUAL TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Theresa FoustTHERESA FOUST
INDIVIDUAL TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Joe FrancoJOE FRANCO
INDIVIDUAL TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Sharon GaberSHARON GABER
INDIVIDUAL TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Johnathan HillJOHNATHAN HILL
INDIVIDUAL TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Susan N JamisonSUSAN N JAMISON
INDIVIDUAL TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ryan LambertRYAN LAMBERT
INDIVIDUAL TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Tracy E MontrossTRACY E MONTROSS
INDIVIDUAL TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Christopher Chris MoxleyCHRISTOPHER CHRIS MOXLEY
INDIVIDUAL TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Kerr Y PutneyKERR Y PUTNEY
INDIVIDUAL TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Robert A RowellROBERT A ROWELL
INDIVIDUAL TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Charles SimmsCHARLES SIMMS
INDIVIDUAL TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Nick SulakNICK SULAK
INDIVIDUAL TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Anne M TompkinsANNE M TOMPKINS
INDIVIDUAL TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Paula R VincentPAULA R VINCENT
INDIVIDUAL TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Beth CriglerBETH CRIGLER
PRESIDENT
- Total calculated
- $404,451
- From this org
- $0
- From related orgs
- $317,360
- Other
- $87,091
- Hours/week
- 12 + 28 related
Schedule J breakdown matched by us
- Base
- $0 + $317,360 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $76,658 related
- Nontaxable benefits
- $0 + $10,433 related
- Filer's total
- $0 + $404,451 related
-
Tammie BoydTAMMIE BOYD
SECRETARY
- Total calculated
- $229,050
- From this org
- $0
- From related orgs
- $183,018
- Other
- $46,032
- Hours/week
- 12 + 28 related
Schedule J breakdown matched by us
- Base
- $0 + $183,018 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $26,370 related
- Nontaxable benefits
- $0 + $19,662 related
- Filer's total
- $0 + $229,050 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
-
THE UNIVERSITY OF NORTH CAROLINA AT CHARLOTTE
$16,922,654
EDUCATIONAL & SCIENTIFIC ACTIVITIES
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.
-
THE UNIVERSITY OF NORTH CAROLINA AT CHARLOTTE
UNIVERSITY · NC
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.
-
THE EDGE AT UNC CHARLOTTE LLC
PROVIDING STUDENT HOUSING · NC · income $3,545,306 · assets $70,053,629
Directly controlled by FOUNDATION OF THE UNIVERSITY OF NORTH CAROLINA AT CHARLOTTE
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 1 April 2026
- IRS schema version
- 2024v5.5
- Source object
- 202600949349300525
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