School Of Media And Journalism Foundation Of North Carolina Inc
- Assets
- $50.0m
- Revenue
- $6.9m
- Investments
- $37.8m
- Employees
- 0
- Location
- Chapel Hill, NC
- Founding
- 10/1950
- Data as of
- 06/2021
- EIN
- 56-6034739
Organization Overview
School Of Media And Journalism Foundation Of North Carolina Inc is located in Chapel Hill, NC. The organization was established in 1950. According to its NTEE Classification (B43) the organization is classified as: Universities, 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. School Of Media And Journalism Foundation Of North Carolina 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 Media And Journalism Foundation Of North Carolina Inc generated $6.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 22.0% each year . All expenses for the organization totaled $6.2m during the year ending 06/2021. While expenses have increased by 31.3% 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
TO SUPPORT FUNDRAISING AT THE UNC HUSSMAN SCHOOL OF JOURNALISM AND MEDIA FOUNDATION. THE FOUNDATION'S RESPONSIBILITY IS TO TRAIN THE NEXT GENERATION OF MEDIA PROFESSIONALS, INCLUDING JOURNALISTS, STRATEGIC COMMUNICATORS, TEACHERS AND RESEARCHERS, AND TO SERVE JOURNALISM AND COMMUNICATION PROFESSIONALS.WE HOLD TRUE TO THE CORE PRINCIPLES OF MEDIA AND JOURNALISM EDUCATION WHILE LEADING THE TRANSFORMATION IN THE DIGITAL COMMUNICATIONS ENVIRONMENT. WE HARNESS TECHNOLOGY TO ENHANCE OUR MISSION OF TEACHING, RESEARCH AND SERVICE. THE RESULT IS A HIGHLY ENGAGED SCHOOL WITH A SIGNIFICANT VOICE IN THE EVOLVING ISSUES OF OUR TIME. THE MOST RECENT REPORT BY THE ACCREDITING COUNCIL ON EDUCATION IN JOURNALISM AND MASS COMMUNICATIONS SAID THE SCHOOL "HAS EARNED A REPUTATION AS ONE OF THE PREMIER PROGRAMS IN JOURNALISM AND MASS COMMUNICATION."
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FUNDS TO THE HUSSMAN SCHOOL OF JOURNALISM AND MEDIA AT UNC CHAPEL HILL FOR SCHOLARSHIPS, STUDENTS, FACULTY AND STAFF SUPPORT, AND OTHER USES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ford Worthy President | OfficerTrustee | 1 | $0 |
Greg Johnson Vice President | OfficerTrustee | 1 | $0 |
Mark Harden Treasurer | OfficerTrustee | 1 | $0 |
Susan King Secretary | OfficerTrustee | 18 | $0 |
Caroline Welch Boardmember | Trustee | 1 | $0 |
Kimberly Moore Boardmember | Trustee | 1 | $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 | $6,837,525 |
| Noncash contributions included in lines 1a–1f | $912,195 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,837,525 |
| Total Program Service Revenue | $0 |
| Investment income | $6,277 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $15,610 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,859,944 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,105,855 |
| Grants and other assistance to domestic individuals. | $1,750 |
| 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 | $11,705 |
| Advertising and promotion | $0 |
| Office expenses | $24,786 |
| 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 | $3,362 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,258 |
| All other expenses | $48,215 |
| Total functional expenses | $6,196,931 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,519,705 |
| Pledges and grants receivable | $3,645,109 |
| Accounts receivable, net | $166 |
| 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 | $37,753,026 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $90,408 |
| Total assets | $50,008,414 |
| Accounts payable and accrued expenses | $17,679 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $17,679 |
| Net assets without donor restrictions | $7,371,728 |
| Net assets with donor restrictions | $42,619,007 |
| 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 | $50,008,414 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that School Of Media And Journalism Foundation Of North Carolina Inc has recieved totaling $126,000.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $55,000 |
Group Health Foumdaiton Seattle, WA PURPOSE: PROJECT SUPPORT FOR THE IDA B WELLS SOCIETY FOR INVESTIGATIVE REPORTING | $50,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $21,000 |
Endowment Analysis
| Beg. Balance | $19,567,125 |
| Earnings | $8,063,114 |
| Net Contributions | $5,171,659 |
| Grants | $378,263 |
| Ending Balance | $32,423,635 |
Peer Organizations
| 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 |