University Of North Carolina School Of The Arts Foundation Inc
- Assets
- $99.2m
- Revenue
- $3.2m
- Investments
- $83.0m
- Employees
- 1
- Location
- Winston Salem, NC
- Founding
- 12/1964
- Data as of
- 06/2022
- EIN
- 56-6064850
Organization Overview
University Of North Carolina School Of The Arts Foundation Inc is located in Winston Salem, NC. The organization was established in 1964. 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 School Of The Arts 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 06/2022, University Of North Carolina School Of The Arts Foundation Inc generated $3.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.1%) each year. All expenses for the organization totaled $7.4m 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
TO FOSTER AND PROMOTE THE GROWTH, PROGRESS AND GENERAL WELFARE OF THE UNCSA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE UNCSA FOUNDATION, INC. COORDINATES THE FUNDING OF THE UNCSA'S PROGRAMS, SCHOLARSHIPS, AND GUEST ARTISTS. THE UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS (FURTHER REFERRED TO AS "UNCSA") IS DEDICATED ENTIRELY TO THE PROFESSIONAL TRAINING OF THE STUDENTS POSSESSING EXCEPTIONAL TALENTS IN PERFORMING, VISUAL AND MOVING IMAGE ARTS. UNCSA IS COMMITTED TO THE IDEA THAT ART COMBINES CRAFT, IMAGINATION, PASSION AND INTELLECT. SCHOLARSHIPS CAN BE AWARDED BASED ON TALENT, DEMONSTRATED NEED, OR A COMBINATION OF BOTH. UNCSA PROVIDES STUDENTS WITH THE INVALUABLE EXPERIENCE OF WORKING WITH MANY INTERNATIONALLY RENOWNED ARTISTS WHO TEACH MASTER CLASSES, WORK ONE-ON-ONE WITH STUDENTS IN COACHING SESSIONS, AND TEACH CLASSES. UNCSA STRIVES TO IMPROVE THE CULTURE OF NORTH CAROLINA THROUGH COMMUNITY EMGAGEMENT TO FURTHER THE ADVANCEMENT OF THE ARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cindy Liberty Executive Dir. | Officer | 45 | $150,000 |
John Wigodsky President | OfficerTrustee | 1 | $0 |
David Broughton Vice President | OfficerTrustee | 1 | $0 |
Julie Williams Treasurer | OfficerTrustee | 1 | $0 |
Stacy Petronzio Asst. Treasurer | OfficerTrustee | 1 | $0 |
Mcdara Folan III Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bny Mellon Investment Management Fees | 6/29/19 | $239,001 |
Boston Consulting Group Inc Design & Consulting Services | 6/29/19 | $225,000 |
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 | $2,865,394 |
| Noncash contributions included in lines 1a–1f | $102,931 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,865,394 |
| Total Program Service Revenue | $0 |
| Investment income | $40,711 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $56,309 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,169,519 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,001,160 |
| Grants and other assistance to domestic individuals. | $85,213 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $183,806 |
| Compensation of current officers, directors, key employees. | $183,806 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,098,684 |
| 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 | $36,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $339,498 |
| Fees for services: Other | $0 |
| Advertising and promotion | $29,171 |
| Office expenses | $881,937 |
| Information technology | $0 |
| Royalties | $1,860 |
| Occupancy | $39,606 |
| Travel | $194,924 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,289 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $20,171 |
| All other expenses | $23,568 |
| Total functional expenses | $7,360,858 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $14,229,496 |
| Pledges and grants receivable | $1,368,754 |
| Accounts receivable, net | $30,966 |
| 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 | $41,707 |
| Net Land, buildings, and equipment | $47,442 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $82,989,766 |
| Investments—program-related | $28,545 |
| Intangible assets | $0 |
| Other assets | $493,163 |
| Total assets | $99,229,839 |
| Accounts payable and accrued expenses | $56,372 |
| 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 | $52,573 |
| Total liabilities | $108,945 |
| Net assets without donor restrictions | $2,204,393 |
| Net assets with donor restrictions | $96,916,501 |
| 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 | $99,229,839 |
Grants Awarded
Over the last fiscal year, University Of North Carolina School Of The Arts Foundation Inc has awarded $8,622,196 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS PURPOSE: RENOVATION EXPENSES | $5,200,000 |
UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS PURPOSE: PAYMENTS FOR SCHOLARSHIPS | $3,422,196 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that University Of North Carolina School Of The Arts Foundation Inc has recieved totaling $846,286.
| Awarding Organization | Amount |
|---|---|
Winston-Salem Foundation Winstonsalem, NC PURPOSE: 83 GRANT(S) FOR VARYING PURPOSES | $396,944 |
Lettie Pate Whitehead Foundation Inc Atlanta, GA PURPOSE: For general scholarship support. | $275,000 |
Semans Art Fund Winston Salem, NC PURPOSE: Support prog. & students at UNCSA | $62,500 |
Twin City Development Foundation Winstonsalem, NC PURPOSE: EDUCATION | $50,000 |
Flow Foundation Inc Winstonsalem, NC PURPOSE: SCHOLARSHIP FUND AND COMMUNITY INVOLVEMENT PROGRAMS | $25,000 |
Z Smith Reynolds Foundation Inc Winstonsalem, NC PURPOSE: FOR THE PRESENT ABSENCE PROJECT | $18,500 |
Endowment Analysis
| Beg. Balance | $85,040,324 |
| Earnings | $3,796,960 |
| Admin Expense | $339,498 |
| Net Contributions | $441,647 |
| Other Expense | $2,532,007 |
| Ending Balance | $86,407,426 |