University Of North Carolina Chapel Hill Arts And Sciences Foundation
- Assets
- $519.0m
- Revenue
- $33.2m
- Investments
- $442.0m
- Employees
- 0
- Location
- Chapel Hill, NC
- Founding
- 10/1976
- Data as of
- 06/2022
- EIN
- 56-1150509
Organization Overview
University Of North Carolina Chapel Hill Arts And Sciences Foundation is located in Chapel Hill, NC. The organization was established in 1976. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of North Carolina Chapel Hill Arts And Sciences 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, University Of North Carolina Chapel Hill Arts And Sciences Foundation generated $33.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $17.1m during the year ending 06/2022. 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
THE ARTS & SCIENCES FOUNDATION'S MISSION IS TO ENHANCE THE COLLEGE BY MEETING THE NEEDS OF THE VARIOUS ACADEMIC DEPARTMENTS, PROMOTING TEACHING, RESEARCH AND SERVICE, AND SUPPORTING THE CONTINUING DEVELOPMENT OF KNOWLEDGE AND LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ARTS AND SCIENCES FOUNDATION, INC. PROVIDES GRANTS TO THE COLLEGE OF ARTS AND SCIENCES AT THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL FOR FACULTY AND STUDENTS THAT INCLUDE, BUT ARE NOT LIMITED TO, MERIT- AND NEED-BASED SCHOLARSHIPS, FELLOWSHIPS, STUDY ABROAD AWARDS FOR STUDENTS, AND PROFESSORSHIPS AND FACULTY EXCELLENCE FUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Bakanic Treasurer | OfficerTrustee | 0.3 | $0 |
William T Hobbs II Chair | OfficerTrustee | 0.3 | $0 |
Ashley E Reid Vice Chair | OfficerTrustee | 0.3 | $0 |
Terry Rhodes Jim White 7122 President | OfficerTrustee | 0.3 | $0 |
Elizabeth Englehardt Vice President | OfficerTrustee | 0.3 | $0 |
Anne H C Collins Executive Director & Secre | OfficerTrustee | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ct Wilson General Contractor For Renovations | 6/29/17 | $1,830,812 |
Weinstein Friedlein Architects Architect | 6/29/17 | $183,927 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $33,174,911 |
| Noncash contributions included in lines 1a–1f | $3,772,831 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,174,911 |
| Total Program Service Revenue | $0 |
| Investment income | $56,159 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$6 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,231,064 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,191,353 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $69,175 |
| Advertising and promotion | $0 |
| Office expenses | $122,635 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $82,923 |
| Travel | $104,952 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $105,500 |
| Interest | $52,127 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $203,781 |
| Insurance | $0 |
| All other expenses | $121,565 |
| Total functional expenses | $17,054,011 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $29,742,605 |
| Pledges and grants receivable | $33,252,082 |
| Accounts receivable, net | $5,026,278 |
| 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 | $5,809,414 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $442,027,905 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,134,523 |
| Total assets | $518,992,807 |
| Accounts payable and accrued expenses | $420 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $2,037,167 |
| Other liabilities | $0 |
| Total liabilities | $2,037,587 |
| Net assets without donor restrictions | $89,286,497 |
| Net assets with donor restrictions | $427,668,723 |
| 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 | $518,992,807 |
Grants Recieved
Over the last fiscal year, we have identified 23 grants that University Of North Carolina Chapel Hill Arts And Sciences Foundation has recieved totaling $1,654,461.
| Awarding Organization | Amount |
|---|---|
Gary W Parr Family Foundation Inc New York, NY PURPOSE: UNRESTRICTED CHARITABLE PURPOSES | $500,000 |
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $411,000 |
Mackenzie Family Foundation Wilmington, DE PURPOSE: MACKENZIE FAMILY GLOBAL GAP YEAR FUND IN THE COLLE | $250,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $189,063 |
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $81,000 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $36,500 |
Endowment Analysis
| Beg. Balance | $428,410,956 |
| Earnings | $15,022,649 |
| Net Contributions | $23,692,128 |
| Other Expense | $5,075,332 |
| Ending Balance | $462,050,401 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Unc Health Foundation Inc Chapel Hill, NC | $571,825,040 | $92,147,897 |
William & Mary Foundation Williamsburg, VA | $1,122,551,962 | $79,373,462 |
Shorter University Inc Rome, GA | $57,209,537 | $39,807,545 |
Kennesaw State University Foundation Inc Kennesaw, GA | $537,455,993 | $85,548,111 |
University Of Virginia Foundation Charlottesville, VA | $508,958,321 | $36,530,024 |
North Carolina State University Foundation Inc Raleigh, NC | $679,121,022 | $52,520,062 |
Clemson University Foundation Clemson, SC | $1,240,950,463 | $112,486,660 |
University Health Services Inc Richmond, VA | $34,736,696 | $16,366,834 |
Georgia State University Foundation Inc Atlanta, GA | $466,073,205 | $89,649,877 |
Medical College Of Virginia Foundation Richmond, VA | $645,911,510 | $54,318,573 |
University Of Memphis Foundation Memphis, TN | $175,396,802 | $38,710,840 |
Virginia Commonwealth University College Of Engineering Foundation Richmond, VA | $131,974,636 | $12,076,889 |