School Of Government Foundation Inc
- Assets
- $45.5m
- Revenue
- $4.9m
- Investments
- $37.1m
- Employees
- 0
- Location
- Chapel Hill, NC
- Founding
- 06/1996
- Data as of
- 06/2021
- EIN
- 56-1966429
Organization Overview
School Of Government Foundation Inc is located in Chapel Hill, NC. The organization was established in 1996. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. School Of Government Foundation Inc 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 06/2021, School Of Government Foundation Inc generated $4.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $3.3m during the year ending 06/2021. While expenses have increased by 8.3% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION SUPPORTS TEACHING, RESEARCHING, CONSULTING AND PUBLISHING AT THE SCHOOL OF GOVERNMENT AT UNC BY PROVIDING FUNDING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF THE SCHOOL OF GOVERNMENT AT THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory S Allison Secretary | OfficerTrustee | 2 | $0 |
Michael R Smith Executive Director | OfficerTrustee | 2 | $0 |
Jennifer Willis Assistant Executive Director | OfficerTrustee | 1 | $0 |
Dana Simpson President | OfficerTrustee | 1 | $0 |
Patricia Mitchell Vice President | OfficerTrustee | 0.5 | $0 |
J Michael Vollmer Treasurer | Officer | 2 | $0 |
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 | $3,872,145 |
| Noncash contributions included in lines 1a–1f | $224,809 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,872,145 |
| Total Program Service Revenue | $0 |
| Investment income | $5,358 |
| 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 | $4,914,270 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,568,932 |
| 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. | $206,089 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $396,023 |
| 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 | $48,923 |
| Advertising and promotion | $0 |
| Office expenses | $2,493 |
| 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 | $252 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,779 |
| All other expenses | $0 |
| Total functional expenses | $3,279,304 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,466,110 |
| Pledges and grants receivable | $1,143,117 |
| Accounts receivable, net | $1,012,420 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $37,103,734 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $778,542 |
| Total assets | $45,503,923 |
| Accounts payable and accrued expenses | $70,952 |
| Grants payable | $0 |
| Deferred revenue | $119,648 |
| 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 | $1,262,295 |
| Total liabilities | $1,452,895 |
| Net assets without donor restrictions | $33,405,928 |
| Net assets with donor restrictions | $10,645,100 |
| 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 | $45,503,923 |
Grants Awarded
Over the last fiscal year, School Of Government Foundation Inc has awarded $2,568,932 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Chapel Hill, NC PURPOSE: SUPPORT OF THE SCHOOL OF GOVERNMENT AT THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL. | $2,468,932 |
Chapel Hill, NC PURPOSE: SUPPORT FOR THE SCHOOL OF GOVERNMENT SERVICES. | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that School Of Government Foundation Inc has recieved totaling $180,000.
| Awarding Organization | Amount |
|---|---|
Anonymous Trust Raleigh, NC PURPOSE: GRANT FOR LEAD FOR NC TO SUPPORT FELLOWS IN EASTERN NC | $180,000 |
Endowment Analysis
| Beg. Balance | $27,515,139 |
| Earnings | $10,871,470 |
| Net Contributions | $424,175 |
| Grants | $287,355 |
| Ending Balance | $38,523,429 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Philanthropic Impact Foundation Nashville, TN | $919,847 | $18,241,201 |
Aston Park Health Care Center Inc Asheville, NC | $17,105,214 | $12,530,764 |
New Morning Foundation Columbia, SC | $9,598,750 | $10,587,010 |
James Family Charitable Foundation Charlottesville, VA | $171,150,056 | $16,638,935 |
Silver Valley Research Foundation Mclean, VA | $1,699,232 | $12,100,000 |
York Foundation Herndon, VA | $79,294,285 | $7,194,037 |
Taubman Foundation For The Arts Roanoke, VA | $20,057,493 | $918,229 |
Swim Across America Inc Charlotte, NC | $6,654,266 | $9,920,780 |
East Lake Foundation Inc Atlanta, GA | $69,998,744 | $30,410,500 |
Schoolseed Foundation Memphis, TN | $5,107,519 | $7,793,603 |
Scintilla Charter Academy Inc Valdosta, GA | $15,718,556 | $7,823,461 |
Skillsource Group Inc Vienna, VA | $1,796,857 | $6,906,902 |