Unc-G Excellence Foundation
- Assets
- $204.3m
- Revenue
- $10.8m
- Investments
- $186.1m
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- 09/1967
- Data as of
- 06/2023
- EIN
- 56-6086393
Organization Overview
Unc-G Excellence Foundation is located in Greensboro, NC. The organization was established in 1967. 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. Unc-G Excellence Foundation 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 06/2023, Unc-G Excellence Foundation generated $10.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $9.0m during the year ending 06/2023. While expenses have increased by 7.0% per year over the past 8 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.
Since 2015, Unc-G Excellence Foundation has awarded 22 individual grants totaling $51,321,672. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE UNCG EXCELLENCE FOUNDATION IS TO CONDUCT FUNDRAISING PROGRAMS AND ACTIVITIES; TO INVEST AND MANAGE FOUNDATION RESOURCES IN A RESPONSIBLE MANNER THAT BALANCES GROWTH AND SUPPORT FOR DESIGNATED UNIVERSITY PROGRAMS; AND TO DEVELOP INTEREST IN AND SUPPORT FOR THE UNIVERSITY WITHIN THE CORPORATE, FOUNDATION, AND POLITICAL ARENAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNCG SCHOLARSHIP, DEPARTMENTAL AND PROFESSORSHIPS
WEATHERSPOON ARTS FOUNDATION
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mrs Beth Fischer President/ex Officio | OfficerTrustee | 1 | $0 |
Mr Brad Morton Chair | OfficerTrustee | 1 | $0 |
Mr Robert J Shea Jr Treasurer/ex Officio | OfficerTrustee | 0.1 | $0 |
Mrs Debra Turner Bailey Director | Trustee | 1 | $0 |
Mrs Gay Bowman Director | Trustee | 1 | $0 |
Mr Jason Caldwell Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,540 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,698,022 |
| Noncash contributions included in lines 1a–1f | $392,504 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,701,562 |
| Total Program Service Revenue | $0 |
| Investment income | $1,053,446 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,044,080 |
| Net Income from Fundraising Events | $3,540 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,802,628 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,404,654 |
| 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 | $0 |
| Fees for services: Accounting | $20,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,127,044 |
| Fees for services: Other | $179,374 |
| Advertising and promotion | $200,872 |
| Office expenses | $10,662 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $93 |
| 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 | $0 |
| Insurance | $7,443 |
| All other expenses | $68,391 |
| Total functional expenses | $9,018,983 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $487,465 |
| Savings and temporary cash investments | $5,990,970 |
| Pledges and grants receivable | $275,378 |
| Accounts receivable, net | $65,686 |
| 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 | $739,500 |
| Investments—publicly traded securities | $10,604,376 |
| Investments—other securities | $186,115,561 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $204,278,936 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $89,955 |
| 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 | $5,571,217 |
| Total liabilities | $5,661,172 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $10,743,259 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $187,874,505 |
| Total liabilities and net assets/fund balances | $204,278,936 |
Grants Awarded
Over the last fiscal year, Unc-G Excellence Foundation has awarded $7,404,654 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE UNIVERSITY OF NORTH CAROLINA AT GREENSBORO PURPOSE: EDUCATIONAL SUPPORT | $7,253,639 |
WEATHERSPOON ARTS FOUNDATION PURPOSE: EDUCATIONAL SUPPORT | $151,015 |