Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $853,491

• 1f · All other contributions, gifts and grants

  $54,661,775

• 1g · Noncash contributions included above

  $5,298,169

• 3 · Investment income

  total $7,549,515 · excluded $7,549,515

• 7a · Gross sales of assets other than inventory

  securities $12,802,626

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

  securities $13,692,304

• 7c · Gain or loss

  securities -$889,678

• 7d · Net gain or loss

  total -$889,678 · excluded -$889,678

• 8a · Fundraising events: gross income

  $315,819

• 8a · Fundraising events: contributions included on line 1c

  $853,491

• 8b · Fundraising events: direct expenses

  $460,513

• 8c · Net income from fundraising events

  total -$144,694 · excluded -$144,694

• 11a · Other revenue: MISC. REVENUE

  total $904,417 · related or exempt $904,417

• 11e · Other revenue, total

  $904,417

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $50,297,892 · program services $50,297,892

• 2 · Grants to domestic individuals

  total $3,412,469 · program services $3,412,469

• 5 · Compensation of officers, directors and key employees

  total $629,163 · management and general $629,163

• 7 · Other salaries and wages

  total $3,201,178 · management and general $1,899,956 · fundraising $1,301,222

• 8 · Pension plan contributions

  total $507,616 · management and general $379,551 · fundraising $128,065

• 9 · Other employee benefits

  total $498,682 · management and general $332,734 · fundraising $165,948

• 10 · Payroll taxes

  total $240,385 · management and general $158,859 · fundraising $81,526

• 11b · Fees: legal

  total $95,398 · management and general $95,398

• 11c · Fees: accounting

  total $83,200 · management and general $83,200

• 11g · Fees: other

  total $1,162,656 · management and general $941,841 · fundraising $220,815

• 13 · Office expenses

  total $863,629 · management and general $215,238 · fundraising $648,391

• 14 · Information technology

  total $214,537 · management and general $145,724 · fundraising $68,813

• 16 · Occupancy

  total $592,093 · management and general $581,399 · fundraising $10,694

• 17 · Travel

  total $126,559 · management and general $12,645 · fundraising $113,914

• 19 · Conferences, conventions and meetings

  total $752,602 · management and general $116,444 · fundraising $636,158

• 22 · Depreciation, depletion and amortization

  total $83,212 · management and general $83,212

• 23 · Insurance

  total $31,177 · management and general $31,177

• 24a · Other expenses: DEVELOPMENT ASSESSMENT

  total $2,355,140 · fundraising $2,355,140

• 24b · Other expenses: MISCELLANEOUS

  total $164,834 · management and general $87,653 · fundraising $77,181

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $33,323,232 · end of year $25,156,065

• 3 · Pledges and grants receivable

  beginning of year $39,555,862 · end of year $35,316,849

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

  $709,662

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

  $457,026

• 10c · Land, buildings and equipment, net

  beginning of year $310,623 · end of year $252,636

• 11 · Investments: publicly traded securities

  beginning of year $139,157,571 · end of year $172,618,930

• 12 · Investments: other securities

  beginning of year $358,576,888 · end of year $384,815,324

• 15 · Other assets

  beginning of year $7,775,858 · end of year $11,630,738

• 17 · Accounts payable and accrued expenses

  beginning of year $2,023,817 · end of year $3,245,367

• 25 · Other liabilities

  beginning of year $3,105,652 · end of year $2,592,939

• 27 · Net assets without donor restrictions

  beginning of year $26,837,612 · end of year $30,876,714

• 28 · Net assets with donor restrictions

  beginning of year $546,732,953 · end of year $593,075,522

The filer's explanations (Part III)

SCHEDULE J, PART II:

UNRELATED ORGANIZATION COMPENSATION THE ORGANIZATION EMPLOYEES RECEIVE COMPENSATION AND BENEFITS FROM THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL AND UNC HEALTH, AN UNRELATED ORGANIZATION PER 990 INSTRUCTIONS. THEIR COMPENSATION IS DETERMINED IN ACCORDANCE WITH THE PAY AND EMPLOYEE BENEFIT PRACTICES OF THE NORTH CAROLINA STATE GOVERNMENT. UNC HEALTH HR ALSO DOES AN ANNUAL MARKET SURVEY TO DETERMINE COMPENSATION. THE EXECUTIVE COMMITTEE AND FOUNDATION PRESIDENT REVIEWED IT IS AT OR BELOW THE LOCAL MARKET RATE OF OTHER COMPARABLE NON-PROFIT ORGANIZATIONS. THE FOUNDATION PROVIDED COMPENSATION INFORMATION TO THE EXECUTIVE COMMITTEE TO REVIEW FOR FY2024. COMPARATIVE BENCHMARKS WERE PROVIDED FROM THE AAMC AND UNIVERSITY OF NORTH CAROLINA THAT WERE COMPARED TO ACTUAL SALARIES PAID. IT WAS DETERMINED THAT THE SALARIES WERE IN LINE WITH THE BENCHMARKS.