Form 990 for tax year 2022
Filed by UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL FOUNDATION INC.
Totals
- Total revenue
- $39,404,475
- Total expenses
- $40,923,406
- Contributions and grants received
- $32,516,371
- Grants paid
- $34,843,617
- Program service revenue
- $0
- Investment income
- $6,888,104
- Other revenue
- $0
- Total assets, end of year
- $687,424,676
- Total liabilities, end of year
- $80,228,636
- Net assets or fund balances, end of year
- $607,196,040
- Program services expenses (Part IX)
- $34,843,617
- Management and general expenses
- $6,079,789
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $34,843,617
Program services were 85.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
DAVID BOLIEK
CHAIR, DIRECTOR & PRES.
- Total calculated
- $0
- Hours/week
- 1
-
JOHN TOWNSEND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
LEE LESLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JOHN PREYER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
BRIEN WHITE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
NATHAN KNUFFMAN
DIR. & TREASURER
- Total calculated
- $490,273
- From this org
- $0
- From related orgs
- $407,264
- Other
- $83,009
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $396,944 related
- Bonus
- $0
- Other
- $0 + $10,320 related
- Deferred
- $0 + $74,725 related
- Nontaxable benefits
- $0 + $8,284 related
- Filer's total
- $0 + $490,273 related
-
ANNE BRENNAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MICHAEL KENNEDY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
KEVIN GUSKIEWICZ
DIRECTOR
- Total calculated
- $899,590
- From this org
- $0
- From related orgs
- $654,586
- Other
- $245,004
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $641,776 related
- Bonus
- $0
- Other
- $0 + $12,810 related
- Deferred
- $0 + $227,052 related
- Nontaxable benefits
- $0 + $17,952 related
- Filer's total
- $0 + $899,590 related
-
ED FRITSCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JEN EVANS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DAVID CRAVER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MUNROE COBEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DAVID CARROLL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
TERESA ARTIS NEAL
DIRECTOR
- Total calculated
- $4,178
- From this org
- $0
- From related orgs
- $4,178
- Other
- $0
- Hours/week
- 1
-
JAMES KEITH BROWN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
SPENCE WHITMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
STEVE AGOSTINI
ASSISTANT VP
- Total calculated
- $389,286
- From this org
- $0
- From related orgs
- $344,354
- Other
- $44,932
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $301,210 related
- Bonus
- $0 + $16,144 related
- Other
- $0 + $27,000 related
- Deferred
- $0 + $42,182 related
- Nontaxable benefits
- $0 + $2,750 related
- Filer's total
- $0 + $389,286 related
-
ELIZABETH AYERS
ASSISTANT VP
- Total calculated
- $271,631
- From this org
- $0
- From related orgs
- $210,644
- Other
- $60,987
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $194,506 related
- Bonus
- $0 + $9,898 related
- Other
- $0 + $6,240 related
- Deferred
- $0 + $51,565 related
- Nontaxable benefits
- $0 + $9,422 related
- Filer's total
- $0 + $271,631 related
-
JENNIFER BOWMAN
ASST. SECRETARY & ASST. VP
- Total calculated
- $191,967
- From this org
- $0
- From related orgs
- $150,274
- Other
- $41,693
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $141,834 related
- Bonus
- $0 + $7,600 related
- Other
- $0 + $840 related
- Deferred
- $0 + $21,726 related
- Nontaxable benefits
- $0 + $19,967 related
- Filer's total
- $0 + $191,967 related
-
DAVID CHURCHILL
ASSISTANT VP
- Total calculated
- $249,971
- From this org
- $0
- From related orgs
- $194,781
- Other
- $55,190
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $190,431 related
- Bonus
- $0 + $4,000 related
- Other
- $0 + $350 related
- Deferred
- $0 + $48,976 related
- Nontaxable benefits
- $0 + $6,214 related
- Filer's total
- $0 + $249,971 related
-
BRUCE WARRINGTON
ASSISTANT VP
- Total calculated
- $179,777
- From this org
- $0
- From related orgs
- $135,775
- Other
- $44,002
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $128,485 related
- Bonus
- $0 + $6,450 related
- Other
- $0 + $840 related
- Deferred
- $0 + $33,601 related
- Nontaxable benefits
- $0 + $10,401 related
- Filer's total
- $0 + $179,777 related
-
DAVID ROUTH
VP, SECRETARY & ED (THRU. DEC. 2022)
- Total calculated
- $1,119,603
- From this org
- $0
- From related orgs
- $1,058,573
- Other
- $61,030
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $478,510 related
- Bonus
- $0 + $181,271 related
- Other
- $0 + $398,792 related
- Deferred
- $0 + $42,182 related
- Nontaxable benefits
- $0 + $18,848 related
- Filer's total
- $0 + $1,119,603 related
-
CHANDRIKA RAO
ASSISTANT VP
- Total calculated
- $232,568
- From this org
- $0
- From related orgs
- $177,529
- Other
- $55,039
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $169,019 related
- Bonus
- $0 + $8,510 related
- Other
- $0
- Deferred
- $0 + $43,978 related
- Nontaxable benefits
- $0 + $11,061 related
- Filer's total
- $0 + $232,568 related
-
GORDON MERKLEIN
ASSISTANT VP
- Total calculated
- $392,125
- From this org
- $0
- From related orgs
- $338,925
- Other
- $53,200
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $321,920 related
- Bonus
- $0 + $16,165 related
- Other
- $0 + $840 related
- Deferred
- $0 + $42,182 related
- Nontaxable benefits
- $0 + $11,018 related
- Filer's total
- $0 + $392,125 related
-
CANDACE CLARK
ASSISTANT VP
- Total calculated
- $197,612
- From this org
- $0
- From related orgs
- $166,539
- Other
- $31,073
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $158,707 related
- Bonus
- $0 + $7,832 related
- Other
- $0
- Deferred
- $0 + $22,483 related
- Nontaxable benefits
- $0 + $8,590 related
- Filer's total
- $0 + $197,612 related
-
MICHAEL ANDREASEN
VP, SECRETARY & ED (BEG. JAN. 2023)
- Total calculated
- $0
- Hours/week
- 1 + 40 related
-
CYNTHIA BUTLER
ASSISTANT VP
- Total calculated
- $221,777
- From this org
- $0
- From related orgs
- $194,789
- Other
- $26,988
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $147,465 related
- Bonus
- $0
- Other
- $0 + $47,324 related
- Deferred
- $0 + $22,055 related
- Nontaxable benefits
- $0 + $4,933 related
- Filer's total
- $0 + $221,777 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
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 4b · Supplemental nonqualified retirement plan
- 7 · Other non-fixed payments
Answered no
- 4a · Severance or change-of-control payment
- 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
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 1A
- HEALTH/SOCIAL CLUB DUES DAVID ROUTH AND KEVIN GUSKIEWICZ RECEIVED CLUB MEMBERSHIP DUES. BUSINESS USE IS NOT TREATED AS TAXABLE COMPENSATION TO THE RECIPIENT. ANY PERSONAL USE IS TREATED AS TAXABLE COMPENSATION TO THE RECIPIENT.
- PART I, LINE 3
- COMPENSATION REVIEW THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL FOUNDATION, INC. DOES NOT HAVE EMPLOYEES. RELATED ORGANIZATION COMPENSATION IS PROVIDED BY THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL.
- PART I, LINE 4B
- SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN KEVIN GUSKIEWICZ PARTICIPATED IN A 401(A)/415(M) RETIREMENT PLAN OF THE UNIVERSITY OF NORTH CAROLINA. CONTRIBUTIONS OF $164,817 WERE MADE WITH RESPECT TO CALENDAR YEAR 2022 OF THE 401(A)/415(M) PLAN.
- PART I, LINE 7
- NONFIXED PAYMENTS DAVID ROUTH RECEIVED $337,500 IN NON-SALARY COMPENSATION FROM THE FILING ORGANIZATION IN SUPPORT OF HIS SERVICES TO THE UNIVERSITY. PAYMENTS WERE MADE TO SUPPORT THE UNIVERSITY IN RETAINING THE VICE CHANCELLOR FOR DEVELOPMENT ROUTH FOR THE DURATION OF THE $4.25 BILLION CAMPAIGN FOR CAROLINA. THESE RETENTION PAYMENTS WERE MADE AT THE REQUEST OF THE UNIVERSITY BOARD OF TRUSTEES ON RECOMMENDATION OF THE UNIVERSITY CHANCELLOR IN ACCORDANCE WITH UNIVERSITY POLICY. THE RETENTION PAYMENT WAS BASED ON COMPENSATION COMPARISONS BY THE UNIVERSITY. THE FILING ORGANIZATION'S BOARD OF DIRECTORS CONSIDERED AND APPROVED THE RETENTION PAYMENTS, CONSISTENT WITH ITS OWN POLICIES AND PURPOSE.
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 CHAPEL HILL
$26,343,617
SUPPORT UNC'S MISSION
-
CHAPEL HILL FDN REAL ESTATE HOLDINGS INC
$8,500,000
SUPPORT REH'S MISSION
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.
-
501(C)(3) · EDUCATION · NC
-
UNC-CH FOUNDATION INVESTMENT FUND INC
501(C)(3) · INVESTMENTS · NC · controlled entity
Directly controlled by UNC-CH FDN
-
501(C)(3) · INVESTMENTS · NC · controlled entity
Directly controlled by CHIF
-
501(C)(3) · INVT. MGMT. · NC
-
THE KENAN-FLAGLER BUSINESS SCHOOL FDN
501(C)(3) · FIN. SUPPORT · NC
Directly controlled by UNC-CHAPEL HILL
-
CHAPEL HILL FDN REAL ESTATE HOLDINGS INC
501(C)(3) · REAL ESTATE · NC · controlled entity
Directly controlled by UNC-CH FDN
-
501(C)(3) · SUPPORT · NC
Directly controlled by THE KENAN-FLAGLER BUSINESS SCHOOL FOUNDATION
-
501(C)(3) · SUPPORT · NC
Directly controlled by UNC-CHAPEL HILL
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.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
INVESTMENTS · NC
-
CAROLINA RESEARCH VENTURE INVS
INVESTMENTS · NC
-
KFBSF PRIVATE EQUITY FUND I LP
INVESTMENTS · NC
-
KFBSF PRIVATE EQUITY FUND II LP
INVESTMENTS · NC
-
KFBSF PRIVATE EQUITY FUND III LP
INVESTMENTS · NC
-
KFBSF PRIVATE EQUITY FUND IV LP
INVESTMENTS · NC
-
KFBSF REAL ESTATE FUND II LP
INVESTMENTS · NC
-
KFBSF REAL ESTATE FUND III LP
INVESTMENTS · NC
-
KFBSF REAL ESTATE FUND IV LP
INVESTMENTS · NC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202411369349314761
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