The Foundation Of The University Of North Carolina At Charlotte Inc is located in Charlotte, NC. The organization was established in 1963. 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. Foundation Of The University Of North Carolina At Charlotte 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, Foundation Of The University Of North Carolina At Charlotte Inc generated $34.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $13.3m during the year ending 06/2021. 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 OF UNC CHARLOTTE RECEIVES CONTRIBUTIONS TO PROMOTE AND DEVELOP THE ACADEMIC AND EDUCATIONAL PURPOSE OF UNC CHARLOTTE BY PROVIDING SUPPORT FOR OPERATIONS, EDUCATIONAL PROGRAMS, AND SCHOLARSHIPS FOR THE UNIVERSITY AND ITS STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISBURSEMENTS TO UNC CHARLOTTE TO SUPPORT STUDENT FINANCIAL AID AND STUDENT SERVICES.
DISBURSEMENTS TO UNC CHARLOTTE FOR SCIENTIFIC AND EDUCATIONAL RESEARCH PROGRAMS, GENERAL ACADEMIC SUPPORT FOR FACULTY, AND CONTINUING EDUCATION.
DISBURSEMENTS TO UNC CHARLOTTE FOR ACADEMIC INSTRUCTION AND ACADEMIC SUPPORT FOR FACULTY AND OTHER SUPPORT
OTHER INSTITUTIONAL SUPPORT AND COMMUNITY INVOLVEMENT
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Michael L Wilson Chairman | OfficerTrustee | 1 | $0 |
Elizabeth Hardin Treasurer | OfficerTrustee | 1 | $0 |
Tammie Boyd Secretary | Officer | 12 | $0 |
Niles Sorensen President | Officer | 12 | $0 |
Robert Aiken Individual Trustee | Trustee | 1 | $0 |
Kim A Allred Individual Trustee | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Bw Dallas Llc Consulting | 6/29/21 | $531,995 |
Stormont Hospitality Group Consulting | 6/29/21 | $457,140 |
Sage Hospitality Consulting | 6/29/21 | $409,820 |
Cooper Carry Consulting | 6/29/21 | $208,358 |
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 | $32,524,225 |
Noncash contributions included in lines 1a–1f | $12,234,789 |
Total Revenue from Contributions, Gifts, Grants & Similar | $32,524,225 |
Total Program Service Revenue | $0 |
Investment income | $215,200 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $1,188,945 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $34,157,132 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $9,837,510 |
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 | $14,883 |
Fees for services: Accounting | $31,940 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $927,625 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $64,264 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $2,851 |
Interest | $241,043 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $67,299 |
Insurance | $0 |
All other expenses | $620,531 |
Total functional expenses | $13,257,329 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $21,173,291 |
Pledges and grants receivable | $19,119,481 |
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 | $350,006 |
Net Land, buildings, and equipment | $1,692,443 |
Investments—publicly traded securities | $6,417,625 |
Investments—other securities | $175,556,850 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $71,797,581 |
Total assets | $296,107,277 |
Accounts payable and accrued expenses | $624,370 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $259,949 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $52,477,481 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $3,043,941 |
Total liabilities | $56,405,741 |
Net assets without donor restrictions | $36,023,444 |
Net assets with donor restrictions | $203,678,092 |
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 | $296,107,277 |
Over the last fiscal year, we have identified 30 grants that The Foundation Of The University Of North Carolina At Charlotte Inc has recieved totaling $2,216,853.
Awarding Organization | Amount |
---|---|
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $1,025,986 |
The Duke Energy Foundation Charlotte, NC PURPOSE: VIBRANT ECONOMIES | $250,000 |
Lettie Pate Whitehead Foundation Inc Atlanta, GA PURPOSE: For nursing scholarships. | $180,000 |
Belk Foundation Charlotte, NC PURPOSE: PROGRAM SUPPORT FOR TEACHER CANDIDATES TO TUTOR K-3RD GRADE CMS STUDENTS IN FOUNDATIONAL READING SKILLS WITH THE SOUND PARTNERS INTERVENTION | $138,240 |
Rockley Family Foundation Inc Golden, CO PURPOSE: Education of Students | $127,597 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $107,666 |
Beg. Balance | $130,865,987 |
Earnings | $43,975,988 |
Net Contributions | $4,374,575 |
Other Expense | $4,208,167 |
Ending Balance | $175,008,383 |
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 |