Western Carolina University Foundation is located in Cullowhee, NC. The organization was established in 1972. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2022, Western Carolina University Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Western Carolina University Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Western Carolina University Foundation generated $7.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $5.8m during the year ending 06/2022. While expenses have increased by 7.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FINANCIAL SUPPORT TO WESTERN CAROLINA UNIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING FINANCIAL ASSISTANCE AND SCHOLARSHIPS TO WORTHY STUDENTS AND FINANCIAL SUPPORT TO VARIOUS DEPARTMENTS OF WESTERN CAROLINA UNIVERSITY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kelli Brown President | OfficerTrustee | 0 | $0 |
Jamie Raynor Executive Se | OfficerTrustee | 0 | $0 |
Donna Winbon Chair | OfficerTrustee | 0 | $0 |
Charlie Worley 2nd Vice Cha | OfficerTrustee | 0 | $0 |
Beth Lofquist 3rd Vice Cha | OfficerTrustee | 0 | $0 |
Mike Byers Treasurer | OfficerTrustee | 0 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $8,906 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $6,489,879 |
Noncash contributions included in lines 1a–1f | $230,422 |
Total Revenue from Contributions, Gifts, Grants & Similar | $6,498,785 |
Total Program Service Revenue | $129,110 |
Investment income | $21,262 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $1,142 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $639,110 |
Net Income from Fundraising Events | -$2,733 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $7,286,676 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $5,386,862 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $7,000 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $1,210 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $10,576 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $236,732 |
Fees for services: Other | $41,596 |
Advertising and promotion | $0 |
Office expenses | $29,258 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $6,799 |
Insurance | $4,568 |
All other expenses | $237 |
Total functional expenses | $5,828,414 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,167,367 |
Savings and temporary cash investments | $4,682,647 |
Pledges and grants receivable | $2,373,170 |
Accounts receivable, net | $152,074 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $374,602 |
Investments—publicly traded securities | $107,642 |
Investments—other securities | $67,477,652 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $76,335,154 |
Accounts payable and accrued expenses | $1,513 |
Grants payable | $0 |
Deferred revenue | $39,825 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $41,338 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $76,293,816 |
Total liabilities and net assets/fund balances | $76,335,154 |
Over the last fiscal year, Western Carolina University Foundation has awarded $5,386,862 in support to 3 organizations.
Grant Recipient | Amount |
---|---|
WESTERN CAROLINA UNIVERSITY PURPOSE: ATHLETIC DEPARTMENT | $3,031,065 |
WESTERN CAROLINA UNIVERSITY PURPOSE: GENERAL UNIVERSITY | $1,783,363 |
WESTERN CAROLINA UNIVERSITY PURPOSE: GENERAL UNIVERSITY | $572,434 |
Over the last fiscal year, we have identified 1 grants that Western Carolina University Foundation has recieved totaling $15,000.
Awarding Organization | Amount |
---|---|
Annexstad Family Foundation Mound, MN PURPOSE: SCHOLARSHIP | $15,000 |
Beg. Balance | $63,475,474 |
Earnings | $2,740,780 |
Net Contributions | $1,878,498 |
Other Expense | $375,854 |
Grants | $1,783,363 |
Ending Balance | $65,935,535 |
Organization Name | Assets | Revenue |
---|---|---|
Emory University Decatur, GA | $5,794,825 | $19,416,810 |
Gamecock Club Of The University Of South Carolina Columbia, SC | $10,628,340 | $13,135,992 |
Crown College Powell, TN | $16,563,165 | $8,650,181 |
Appalachian College Of Pharmacy Oakwood, VA | $36,195,397 | $7,728,362 |
Austin Peay State University Foundation Clarksville, TN | $60,731,234 | $13,661,420 |
University Of Tennessee Research Foundation Knoxville, TN | $82,756,683 | $8,787,700 |
School Of Media And Journalism Foundation Of North Carolina Inc Chapel Hill, NC | $50,008,414 | $6,859,944 |
Virginia Commonwealth University Real Estate Foundation Richmond, VA | $95,872,198 | $7,982,693 |
Western Carolina University Foundation Cullowhee, NC | $76,335,154 | $7,286,676 |
Virginia University Of Lynchburg Inc Lynchburg, VA | $13,241,169 | $8,139,477 |
South Carolina Research Foundation Columbia, SC | $3,435,168 | $5,813,160 |
Skema Us Inc Raleigh, NC | $4,455,636 | $4,986,543 |