University Of North Carolina Press
- Assets
- $43.1m
- Revenue
- $7.5m
- Investments
- $300.0k
- Employees
- 54
- Location
- Chapel Hill, NC
- Founding
- 07/1975
- Data as of
- 06/2021
- EIN
- 56-6001394
Organization Overview
University Of North Carolina Press is located in Chapel Hill, NC. The organization was established in 1975. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, University Of North Carolina Press employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of North Carolina Press 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, University Of North Carolina Press generated $7.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $5.4m during the year ending 06/2021. While expenses have increased by 1.1% 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
TO PROMOTE THE ADVANCEMENT OF ARTS AND SCIENCES AND DEVELOPMENT OF LITERATURE THROUGH THE PUBLISHING OF DESERVING WORKS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLISHING OF SCHOLARLY BOOKS TO PROMOTE THE ADVANCEMENT OF ARTS AND SCIENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Sherer Director | Officer | 38 | $224,170 |
Robert Dircks Jr CFO & Assoc Director Until 11/20 | Officer | 26 | $176,707 |
Dino A Battista Associate Director | 40 | $114,914 | |
Deborah Gershenowitz Senior Editor | 40 | $105,750 | |
Mark Simpson-Vos Editorial Director | 40 | $102,892 | |
Jami Clay CFO Begin 12/20 | Officer | 30 | $87,025 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Longleaf Services Inc Fulfillment Services, Edp | 6/29/21 | $1,391,243 |
University Of North Carolina At Chapel H Contracted Sales | 6/29/21 | $1,207,861 |
Sheridan Printing Services | 6/29/21 | $524,922 |
University Of North Carolina At Chapel H Building Maintenance, Repairs, Etc. | 6/29/21 | $204,662 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $518,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,199,948 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,718,448 |
| Total Program Service Revenue | $590,878 |
| Investment income | $5,115 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,000,064 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,173,507 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,489,638 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $204,652 |
| 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. | $829,357 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,726,429 |
| Pension plan accruals and contributions | $357,561 |
| Other employee benefits | $359,866 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $63,688 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $152,872 |
| Fees for services: Other | $18,415 |
| Advertising and promotion | $307,496 |
| Office expenses | $155,211 |
| Information technology | $96,050 |
| Royalties | $0 |
| Occupancy | $58,264 |
| Travel | $6,991 |
| 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 | $38,793 |
| Insurance | $23,329 |
| All other expenses | $139,509 |
| Total functional expenses | $5,392,008 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,434,339 |
| Savings and temporary cash investments | $410,460 |
| Pledges and grants receivable | $0 |
| 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 | $652,951 |
| Prepaid expenses and deferred charges | $687,101 |
| Net Land, buildings, and equipment | $200,299 |
| Investments—publicly traded securities | $850,000 |
| Investments—other securities | $300,000 |
| Investments—program-related | $34,937,430 |
| Intangible assets | $0 |
| Other assets | $2,619,791 |
| Total assets | $43,092,371 |
| Accounts payable and accrued expenses | $1,063,639 |
| Grants payable | $0 |
| Deferred revenue | $665,689 |
| 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 | $743,301 |
| Total liabilities | $2,472,629 |
| Net assets without donor restrictions | $7,029,183 |
| Net assets with donor restrictions | $33,590,559 |
| 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 | $43,092,371 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that University Of North Carolina Press has recieved totaling $15,500.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: SUPPORT THE EDUCATION FUND AND THE FRED A. FEARING JAZZ SCHOLARSHIP | | $15,000 |
Chapman Foundation Greenville, SC PURPOSE: 501(C)(3) EDUCATIONAL INSTITUTION CONTRIBUTION | $500 |
Endowment Analysis
| Beg. Balance | $23,350,875 |
| Earnings | $9,813,478 |
| Net Contributions | $726,206 |
| Other Expense | $300,000 |
| Ending Balance | $33,590,559 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Association For Research And Enlightenment Inc Virginia Beach, VA | $20,084,486 | $11,379,644 |
Association Of Corporate Travel Executives Inc Bamkruptcy Alexandria, VA | $277,722 | $5,636,042 |
University Of North Carolina Press Chapel Hill, NC | $43,092,371 | $7,489,638 |
National Energy Education Development Project Inc Manassas, VA | $4,802,187 | $4,327,526 |
The Sun Publishing Company Chapel Hill, NC | $3,426,472 | $3,162,673 |
Randall House Publications Of The National Assn Of Free Will Baptist Nashville, TN | $2,277,903 | $2,957,319 |
The Book Arts Press Inc Charlottesville, VA | $18,999,420 | $6,073,430 |
Embrace Africa Bonaire, GA | -$42,571 | $990,943 |
Southern Newspaper Publishers Association Lawrenceville, GA | $0 | $333,271 |
The Red & Black Publishing Company Inc Athens, GA | $4,644,249 | $519,504 |
Vox Teen Communications Inc Atlanta, GA | $347,910 | $636,410 |
Carolina Public Press Inc Asheville, NC | $504,941 | $794,749 |