Skip to content
Nonprofiteer
← UNIVERSITY OF NORTH CAROLINA FOUNDATION INC

Form 990 for tax year 2022

Filed by UNIVERSITY OF NORTH CAROLINA FOUNDATION INC.

Totals

Total revenue
$5,823,316
Total expenses
$4,457,286
Contributions and grants received
$721,131
Grants paid
$742,818
Program service revenue
$353,000
Investment income
$116,143
Other revenue
$4,633,042
Total assets, end of year
$40,361,879
Total liabilities, end of year
$34,435,174
Net assets or fund balances, end of year
$5,926,705
Program services expenses (Part IX)
$4,444,529
Management and general expenses
$12,757
Fundraising expenses
$0
Program service expenses (Part III)
$4,444,529

Program services were 99.7% 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

    $721,131

  • 2a · Program service revenue: SHARED SERVICES REVENUE

    total $328,000 · related or exempt $328,000

  • 2b · Program service revenue: EDUCATIONAL CONSULTING

    total $25,000 · related or exempt $25,000

  • 3 · Investment income

    total $116,143 · excluded $116,143

  • 6a · Gross rents

    real property $3,418,195

  • 6c · Rental income or loss

    real property $3,418,195

  • 6d · Net rental income or loss

    total $3,418,195 · excluded $3,418,195

  • 11a · Other revenue: LEASE INTEREST

    total $1,214,847 · related or exempt $1,214,847

  • 11e · Other revenue, total

    $1,214,847

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $742,818 · program services $742,818

  • 11b · Fees: legal

    total $5,035 · management and general $5,035

  • 11c · Fees: accounting

    total $7,722 · management and general $7,722

  • 11g · Fees: other

    total $448,751 · program services $448,751

  • 16 · Occupancy

    total $45,818 · program services $45,818

  • 20 · Interest

    total $1,203,086 · program services $1,203,086

  • 22 · Depreciation, depletion and amortization

    total $1,382,906 · program services $1,382,906

  • 24a · Other expenses: SPLIT-INT AGREEMENT PAYME

    total $386,772 · program services $386,772

  • 24b · Other expenses: SUPPLIES

    total $234,378 · program services $234,378

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,982,617 · end of year $12,136,839

  • 7 · Other notes and loans receivable

    end of year $11,442,243

  • 9 · Prepaid expenses and deferred charges

    beginning of year $832 · end of year $519,575

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

    $7,806

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

    $390

  • 10c · Land, buildings and equipment, net

    end of year $7,416

  • 11 · Investments: publicly traded securities

    beginning of year $5,729,550 · end of year $6,002,146

  • 15 · Other assets

    end of year $10,253,660

  • 17 · Accounts payable and accrued expenses

    beginning of year $40,112 · end of year $189,507

  • 18 · Grants payable

    beginning of year $5,367

  • 19 · Deferred revenue

    beginning of year $45,000 · end of year $71,350

  • 25 · Other liabilities

    beginning of year $3,292,362 · end of year $34,174,317

  • 27 · Net assets without donor restrictions

    beginning of year $46,963 · end of year $1,048,469

  • 28 · Net assets with donor restrictions

    beginning of year $4,283,195 · end of year $4,878,236

Mission and programs · 2022

Mission

A. TO AID, SUPPORT, AND PROMOTE TEACHING, RESEARCH, AND SERVICE IN THE VARIOUS EDUCATIONAL, SCIENTIFIC, SCHOLARLY, PROFESSIONAL, ARTISTIC, AND CREATIVE ENDEAVORS OF THE UNIVERSITY OF NORTH CAROLINA THROUGH MEANS SUCH AS THE ENHANCEMENT OF THE QUALITY OF SUPPORTING STAFF, SERVICES AND FACILITIES OF THE UNIVESITY; THE SUPPORT OF RESEARH, SCHOLARLY, ARTISTIC, AND CREATIVE WORK OF THE UNIVERSITY; AND THE SUPPORT OF PUBLIC SERVICE ACTIVITIES OF THE UNIVERSITY. B. TO SOLICIT, ACQUIRE, RECEIVE, HOLD, INVEST, REINVEST, SELL, TRANSFER, EXCHANGE, ADMINISTER, AND MANAGE PROPERTY OF ALL KIND FOR THE BENEFIT OF THE UNIVERSITY OF NORTH CAROLINA. C. TO DO ANY AND ALL ACTS AND THINGS THAT MAY BE DEEMED DESIRABLE OR EXPEDIENT FOR THE BENEFIT OF THE UNIVERSITY OF NORTH CAROLINA, ITS PROGRAMS, AND ITS FACULTY, STAFF AND STUDENTS.

Activities or mission (Part I)

SUPPORT THE MISSION OF THE 17-CAMPUS UNIVERSITY OF NORTH CAROLINA SYSTEM.

  • RAISE AND INVEST MONIES FOR THE BENEFIT OF THE UNIVERSITY SYSTEM AND CONDUCT OR CONTRACT FOR RESEARCH ON WAYS FOR THE UNIVERSITY SYSTEM TO BETTER SERVE THE STATE'S CITIZENS.

    Expenses $4,444,529 · Grants $742,818 · Revenue $353,000

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

Listed in Part VII

  • Peter Hans

    DIRECTOR

    Total calculated
    $430,242
    From this org
    $0
    From related orgs
    $422,231
    Other
    $8,011
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    not reported + $422,231 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $8,011 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $430,242 related

  • Andrew T Tripp

    DIRECTOR

    Total calculated
    $320,398
    From this org
    $0
    From related orgs
    $305,521
    Other
    $14,877
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    not reported + $305,521 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $14,877 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $320,398 related

  • Michael Vollmer

    DIRECTOR

    Total calculated
    $316,912
    From this org
    $0
    From related orgs
    $308,524
    Other
    $8,388
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    not reported + $308,524 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $8,388 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $316,912 related

  • Norma Houston

    DIRECTOR

    Total calculated
    $312,970
    From this org
    $0
    From related orgs
    $302,353
    Other
    $10,617
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    not reported + $302,353 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $10,617 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $312,970 related

  • Jennifer Haygood

    DIRECTOR

    Total calculated
    $309,086
    From this org
    $0
    From related orgs
    $300,775
    Other
    $8,311
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    not reported + $300,775 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $8,311 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $309,086 related

  • Andrew P Kelly

    DIRECTOR

    Total calculated
    $307,218
    From this org
    $0
    From related orgs
    $299,063
    Other
    $8,155
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    not reported + $299,063 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $8,155 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $307,218 related

  • David English

    DIRECTOR

    Total calculated
    $286,499
    From this org
    $0
    From related orgs
    $269,929
    Other
    $16,570
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    not reported + $269,929 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $16,570 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $286,499 related

  • Kellie Hunt Blue

    EX OFFICIO D

    Total calculated
    $0

  • Randall C Ramsey

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Lee Roberts

    EX OFFICIO D

    Total calculated
    $0

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 17 CAMPUS SYSTEM

    $742,818

    FUNDING FOR LITERACY

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

    115 · 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.

  • NC GIFT PLANNING LLC

    FUNDRAISIN · NC · income $607,694 · assets $6,178,010

    Directly controlled by UNC FDN

  • UNC REAL ESTATE LLC

    REAL ESTAT · NC · income $334,428 · assets $9,745,075

    Directly controlled by UNC FDN

  • UNIVERSITY SUPPORTING SERVICES LLC

    ADMIN SERV · NC · income $328,000 · assets $399,350

    Directly controlled by UNC FDN

Provenance

Return type
form_990
Tax year
2022
Filed
10 May 2024
IRS schema version
2022v5.0
Source object
202411319349304036

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.