North Carolina Independent Colleges & Universities
- Assets
- $3.9m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 12
- Location
- Raleigh, NC
- Founding
- 12/1964
- Data as of
- 06/2022
- EIN
- 56-0775353
Organization Overview
North Carolina Independent Colleges & Universities is located in Raleigh, NC. The organization was established in 1964. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, North Carolina Independent Colleges & Universities employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Carolina Independent Colleges & Universities 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, North Carolina Independent Colleges & Universities generated $4.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $3.4m during the year ending 06/2022. While expenses have increased by 1.9% 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.
Since 2015, North Carolina Independent Colleges & Universities has awarded 288 individual grants totaling $7,003,567. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE HIGHER EDUCATION AT PRIVATE COLLEGES & UNIVERSITIES IN NORTH CAROLINA
Describe the Organization's Program Activity:
Part 3 - Line 4a
NCICU REPRESENTS INDEPENDENT HIGHER EDUCATION IN THE AREAS OF STATE AND FEDERAL PUBLIC POLICY AND ON EDUCATION ISSUES WITH THE OTHER SECTORS OF EDUCATION IN THE STATE. NCICU PROVIDES RESEARCH AND INFORMATION TO AND ABOUT PRIVATE COLLEGES AND UNIVERSITIES AND PROVIDES STAFF DEVELOPMENT OPPORTUNITIES.
NC LIVE - THE ORGANIZATION HANDLES THE ADMINISTRATION OF THE VIRTUAL LIBRARIES FOR THE INDEPENDENT COLLEGE & UNIVERSITIES IN NORTH CAROLINA.
COUNSELOR TOURS - THE ORGANIZATION OFFERS BUS TOURS OF THE PRIVATE COLLEGE AND UNIVERSITIES IN NC TO PROSPECTIVE STUDENTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
A Hope Williams President | Officer | 40 | $364,324 |
Thomas R West VP For Government Relation | 40 | $190,908 | |
Jo Allen Chair | OfficerTrustee | 0.5 | $0 |
Nido R Qubein Treasurer | OfficerTrustee | 0.5 | $0 |
Jimmy R Jenkins Sr Vice Chair | OfficerTrustee | 0.5 | $0 |
Rhett Brown Secretary | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,233,296 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $320,275 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,546,239 |
| Noncash contributions included in lines 1a–1f | $210,684 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,099,810 |
| Total Program Service Revenue | $885,773 |
| Investment income | $18,532 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,017,915 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $610,837 |
| Compensation of current officers, directors, key employees. | $219,366 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $523,770 |
| Pension plan accruals and contributions | $48,824 |
| Other employee benefits | $21,360 |
| Payroll taxes | $62,945 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $61,066 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $38,065 |
| Travel | $89,041 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $47,221 |
| Interest | $0 |
| Payments to affiliates | $509,996 |
| Depreciation, depletion, and amortization | $27,422 |
| Insurance | $0 |
| All other expenses | $207,279 |
| Total functional expenses | $3,359,455 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,275,279 |
| Pledges and grants receivable | $291,830 |
| Accounts receivable, net | $0 |
| 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 | $31,148 |
| Net Land, buildings, and equipment | $1,110,510 |
| Investments—publicly traded securities | $1,231,987 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,011 |
| Total assets | $3,943,765 |
| Accounts payable and accrued expenses | $130,357 |
| Grants payable | $0 |
| Deferred revenue | $625,354 |
| 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 | $17,083 |
| Total liabilities | $772,794 |
| Net assets without donor restrictions | $1,935,114 |
| Net assets with donor restrictions | $1,235,857 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $3,943,765 |
Grants Awarded
Over the last fiscal year, North Carolina Independent Colleges & Universities has awarded $929,089 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
Boiling Springs, NC PURPOSE: PROVIDE SCHOLARSHIP FUNDS | $45,581 |
Mars Hill, NC PURPOSE: PROVIDE SCHOLARSHIP FUNDS | $44,774 |
Greensboro, NC PURPOSE: PROVIDE SCHOLARSHIP FUNDS | $41,010 |
Wilson, NC PURPOSE: PROVIDE SCHOLARSHIP FUNDS | $39,696 |
Salisbury, NC PURPOSE: PROVIDE SCHOLARSHIP FUNDS | $37,933 |
Rocky Mount, NC PURPOSE: PROVIDE SCHOLARSHIP FUNDS | $36,325 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that North Carolina Independent Colleges & Universities has recieved totaling $396,605.
| Awarding Organization | Amount |
|---|---|
North Carolina Glaxosmithkline Foundation Research Triangle Park, NC PURPOSE: SUPPORT THE LAUNCH OF A NEW FACULTY-STUDENT STEM MONITORING PROGRAM. | $240,000 |
Winston-Salem Foundation Winstonsalem, NC PURPOSE: 1 GRANT(S) FOR VARYING PURPOSES | $65,000 |
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $51,560 |
Broyhill Family Foundation Inc Lenoir, NC PURPOSE: EDUCATIONAL SUPPORT | $25,000 |
The Community Foundation Of Western North Carolina Inc Asheville, NC PURPOSE: IMPROVING EDUCATIONAL OPPORTUNITIES | $6,500 |
The Duke Energy Foundation Charlotte, NC PURPOSE: VIBRANT ECONOMIES | $3,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Susan B Anthony List Inc Arlington, VA | $6,109,204 | $16,065,131 |
Georgia Advanced Technology Ventures Inc Atlanta, GA | $206,195,666 | $20,980,407 |
North Raleigh Christian Academy Raleigh, NC | $50,620,236 | $15,888,714 |
Seton Home Study School Front Royal, VA | $19,128,742 | $13,590,541 |
Instruction Partners Nashville, TN | $7,038,441 | $15,858,376 |
Centennial Place Academy Inc Atlanta, GA | $7,663,078 | $14,548,051 |
Read Foundation Memphis, TN | $15,946,000 | $13,611,845 |
Strategic Capacity Group Inc Mclean, VA | $1,824,045 | $10,738,430 |
Georgia School Boards Association Workers Compensation Fund Lawrenceville, GA | $82,470,003 | $15,076,432 |
Phoenix Counseling Center Mooresville, NC | $4,757,713 | $10,250,930 |
Nashville Christian Schools Inc Nashville, TN | $15,861,527 | $11,380,929 |
Global Entrepreneurship Network Inc Arlington, VA | $6,928,946 | $10,036,868 |