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← FOUNDATION OF THE UNIVERSITY OF NORTH CAROLINA AT WILMINGTON INC

Form 990 for tax year 2024

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

Totals

Total revenue
$542,511
Total expenses
$413,121
Contributions and grants received
$75,394
Grants paid
$286,647
Program service revenue
$0
Investment income
$467,117
Other revenue
$0
Total assets, end of year
$11,652,830
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$11,652,830
Program services expenses (Part IX)
$332,102
Management and general expenses
$33,897
Fundraising expenses
$47,122
Program service expenses (Part III)
$332,102

Program services were 80.4% 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

    $75,394

  • 3 · Investment income

    total $76,551 · excluded $76,551

  • 7a · Gross sales of assets other than inventory

    securities $1,843,186

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

    securities $1,452,620

  • 7c · Gain or loss

    securities $390,566

  • 7d · Net gain or loss

    total $390,566 · excluded $390,566

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $286,647 · program services $286,647

  • 11b · Fees: legal

    total $200 · management and general $200

  • 11c · Fees: accounting

    total $9,300 · management and general $9,300

  • 11f · Fees: investment management

    total $22,543 · management and general $22,543

  • 11g · Fees: other

    total $47,122 · fundraising $47,122

  • 23 · Insurance

    total $36,529 · program services $34,675 · management and general $1,854

  • 24a · Other expenses: TESTAMENTARY TRUST DIST

    total $7,349 · program services $7,349

  • 24b · Other expenses: PROPERTY APPRAISAL

    total $2,200 · program services $2,200

  • 24c · Other expenses: PROPERTY TAXES

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

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $416,540 · end of year $615,661

  • 11 · Investments: publicly traded securities

    beginning of year $2,855,338 · end of year $3,022,523

  • 12 · Investments: other securities

    beginning of year $5,632,724 · end of year $5,886,378

  • 13 · Investments: program-related

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

  • 15 · Other assets

    beginning of year $897,210 · end of year $1,006,268

  • 27 · Net assets without donor restrictions

    beginning of year $1,711,431 · end of year $1,860,726

  • 28 · Net assets with donor restrictions

    beginning of year $9,212,381 · end of year $9,792,104

Mission and programs · 2024

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 $45,455

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

    Expenses $286,647 · Grants $286,647

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Sandra Spiers

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Linda B Sayed

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Alison Baringer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Philip Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Max T Coffey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Wilma W Daniels

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Holly G Grange

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Craig Davis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Yvonne W Kidd

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jennifer B Mertus

    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

  • Joseph Kittinger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marcela Lauria-White

    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

  • Miles Lackey

    TREASURER

    Total calculated
    $356,259
    From this org
    $0
    From related orgs
    $303,936
    Other
    $52,323
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $303,936 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $44,087 related
    Nontaxable benefits
    $0 + $8,236 related
    Filer's total
    $0 + $356,259 related

  • Melissa Kennedy

    SECRETARY

    Total calculated
    $196,823
    From this org
    $0
    From related orgs
    $149,553
    Other
    $47,270
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $149,553 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $39,034 related
    Nontaxable benefits
    $0 + $8,236 related
    Filer's total
    $0 + $196,823 related

  • Eddie Stuart

    EXECUTIVE DIRECTOR

    Total calculated
    $319,965
    From this org
    $0
    From related orgs
    $273,049
    Other
    $46,916
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $273,049 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $38,680 related
    Nontaxable benefits
    $0 + $8,236 related
    Filer's total
    $0 + $319,965 related

  • Kimberly Nelson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gabriel Rich

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joseph S Wells

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Margaret Robinson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marian Wright

    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

  • UNIVERSITY OF NORTH CAROLINA AT WILMINGTON

    $286,647

    SCHOLARSHIPS FOR UNCW STUDENTS

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.

  • UNIVERSITY OF NORTH CAROLINA AT WILMINGTON

    GOVERNMENT · EDUCATION · 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.

  • SEAHAWK INVESTMENT STRATEGIES LLC

    INVESTMENTS · NC · income $131,573 · assets $2,888,309

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202543179349300304

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