University Of North Carolina At Chapel Hill Foundation Inc in Chapel Hill, North Carolina (NC)

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University Of North Carolina At Chapel Hill Foundation Inc
Employer Identification Number (EIN)591711424
Name of OrganizationUniversity Of North Carolina At Chapel Hill Foundation Inc
In Care of NameFka Unc-Ch Inst Dev Foundation
Address104 Airport Dr Ste 3200 Cb, Chapel Hill, NC 27599-5023
ActivitiesGifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date01/1977
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2007
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 - Not required to file (instrumentalities of states or political subdivisions)
Asset Amount$284,818,320
Amount of Income$61,929,373
Form 990 Revenue Amount$38,609,461
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Single Organization Support


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Amount of income in 2007: $61,929,373
This organization: 

 $61,929,373
Other organizations performing similar types of work: 

 $862,721

Assets in 2007: $284,818,320
University Of North Carolina At Chapel Hill Foundation Inc: 

 $284,818,320
Other organizations performing similar types of work: 

 $1,737,288

Expenses in 2006: $14,945,663
This organization: 

 $14,945,663
Other organizations performing similar types of work: 

 $502,842

Income to expenses ratio in 2006: 2.6
This organization: 

 2.6
Other organizations performing similar types of work: 

 4.1

Expenses allocated to program services in 2006: 76.9%
This organization: 

 76.9%
Other organizations performing similar types of work: 

 89.2%

Grants share in income in 2006: 42.3%
University Of North Carolina At Chapel Hill Foundation Inc: 

 42.3%
Other organizations performing similar types of work: 

 86.9%

Financial snapshot ($)

Revenue for 2006

Assets at end of 2006

Expenses for 2006

Functional Expenses for 2006 ($)

Income-Producing Activities for 2006

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2000200120022003200420052006
Total revenue$19,346,264$7,834,851$9,885,540$30,041,896$23,055,978$22,398,165$38,609,461
Contributions, gifts, grants, and similar amounts received$6,017,078$2,675,035$5,711,831$21,778,208$9,288,174$10,729,414$16,332,883
Contributions to donor advised funds$0
Direct public support$6,017,078$2,675,035$5,711,831$21,778,208$9,288,174$10,729,414$16,332,883
Indirect public support$0$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$0$0$0$0$0$0$0
Membership dues and assessments$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$247,615$0$0$0$0$0$0
Dividends and interest from securities$1,496,664$1,810,446$1,575,398$2,059,569$4,026,894$5,825,883$8,619,412
Net rental income or (loss)$0$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$11,361,405$3,170,496$1,965,146$6,087,982$9,740,910$5,842,868$13,657,166
Gross amount from sales of assets other than inventory$11,401,373$11,566,458$10,195,004$11,384,141$14,913,700$18,841,315$36,977,078
Less: cost or other basis and sales expenses$39,968$8,395,962$8,229,858$5,296,159$5,172,790$12,998,447$23,319,912
Net income or (loss) from special events and activities$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0
Other revenue$223,502$178,874$633,165$116,137$0$0$0
Total expenses$7,323,217$9,957,977$10,140,421$11,556,171$12,353,749$13,522,670$14,945,663
Program services$5,512,054$8,416,473$8,129,993$10,417,628$10,810,927$11,513,309$11,487,861
Management and general$1,811,163$1,541,504$2,010,428$1,138,543$1,542,822$2,009,361$3,457,802
Fundraising$0$0$0$0$0$0$0
Payments to affiliates$0$0$0$0$0$0$0
Net assets or fund balances at end of year$134,792,089$132,862,134$132,052,811$160,795,394$179,081,258$205,886,619$254,221,126
Excess or (deficit) for the year$12,023,047$-2,123,126$-254,881$18,485,725$10,702,229$8,875,495$23,663,798
Net assets or fund balances at beginning of year$136,428,288$134,792,089$132,862,134$132,052,811$160,795,394$179,081,258$205,886,619
Other changes in net assets or fund balances$-13,659,246$193,171$-554,442$10,256,858$7,583,635$17,929,866$24,670,709
Statement of Functional Expenses (for 2006)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$14,945,663$11,487,861$3,457,802$0
Grants paid from donor advised funds$0
Other grants and allocations$11,487,861
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$0$0$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$0$0$0$0
Legal fees$0$0$0$0
Supplies$0$0$0$0
Telephone$0$0$0$0
Postage and shipping$0$0$0$0
Occupancy$0$0$0$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$0$0$0$0
Travel$0$0$0$0
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$8,471$0$8,471$0
Other expenses not covered above$3,449,331$0$3,449,331$0
Balance Sheets
2000200120022003200420052006
Total assets$160,834,597$162,106,614$201,269,677$222,904,047$237,592,310$238,355,858$284,818,320
Cash - non-interest-bearing$0$0$0$0$23,724,205$0$0
Savings and temporary cash investments$3,613,841$11,859,487$46,382,104$41,569,322$952,285$15,900,891$19,118,271
Accounts receivable less allowance for doubtful accounts$90,847$249,188$405,408$215,752$2,232,694$171,480$6,407,293
Pledges receivable less allowance for doubtful accounts$2,211,548$1,065,895$2,389,844$2,096,139$0$3,819,843$1,918,505
Grants receivable$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0$0
Inventories for sale or use$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$0$0$0$0$0$0$0
Investments - publicly-traded securities$0
Investments - other securities$0$0$0$0$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$482,200$482,200$0$0$0$0$0
Investments - other$145,722,050$144,815,510$146,846,201$167,069,959$187,249,108$214,943,371$254,383,355
Land, buildings, and equipment less accumulated depreciation$24,477$3,573,291$4,672,181$11,632,036$23,155,580$3,455,755$2,918,248
Other assets, including program-related investments$8,689,634$61,043$573,939$320,839$278,438$64,518$72,648
Total liabilities$26,042,508$29,244,480$69,216,866$62,108,653$58,511,052$32,469,239$30,597,194
Accounts payable and accrued expenses$4,759,459$233,149$617,956$2,994,518$2,754,218$101,431$66,031
Grants payable$0$0$0$0$0$0$0
Deferred revenue$21,283,049$20,774,668$20,660,944$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0
Mortgages and other notes payable$0$3,800,229$39,332,505$35,000,000$27,986,913$2,516,446$1,362,000
Other liabilities$0$4,436,434$8,605,461$24,114,135$27,769,921$29,851,362$29,169,163
Total liabilities and net assets/fund balances$160,834,597$162,106,614$201,269,677$222,904,047$237,592,310$238,355,858$284,818,320
Total net assets or fund balances$134,792,089$132,862,134$132,052,811$160,795,394$179,081,258$205,886,619$254,221,126
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2000200120022003200420052006
Total revenue$19,346,264$7,834,851$9,885,540$30,041,896$23,055,978$22,398,165$38,609,461
Total revenue, gains, and other support per audited financial statements$3,385,792$8,028,022$9,331,098$40,298,754$30,639,613$40,328,031$63,280,170
Other expenses$-15,960,472$193,171$-554,442$10,256,858$7,583,635$17,929,866$24,670,709
Net unrealized gains on investments$-15,960,472$193,171$-554,442$10,256,858$7,583,635$17,929,866$24,670,709
Donated services and use of facilities$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2000200120022003200420052006
Total expenses$7,323,217$9,957,977$10,140,421$11,556,171$12,353,749$13,522,670$14,945,663
Total expenses and losses per audited financial statements$7,323,217$9,957,977$10,140,421$11,556,171$12,353,749$13,522,670$14,945,663
Other revenue$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0
Other expenses$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings16
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?Yes
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2006)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$22,276,578$0
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$000$0$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$8,619,412$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$13,657,166$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2006)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2006)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2006)
Expenses paid or incurred in connection with the lobbying activities$121,108
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isNot controlled by disqualified persons/supports non private foundation
Type of supporting organizationType I
Support Schedule
1999200020012002200320042005
Total$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2006)
Total exempt purpose expenditures$13,732,986
Total lobbying expenditures$121,108
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$121,108
Other exempt purpose expenditures$13,611,878
Lobbying nontaxable amount$836,649
Grassroots nontaxable amount$209,162
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1University Of North Carolina At Chapel Hill Foundation Inc104 Airport Dr Ste 3200 Cb, Chapel Hill, NC 27599-5023NC1977-01$61,929,373
2Appalachian State University Foundation IncAus Box 32064 Mckinney Alumni Ctr, Boone, NC 28608-0001NC1971-03$28,924,164
3Educational Foundation IncPO BOX 2446, Chapel Hill, NC 27515-2446NC1939-10$28,235,088
4University Of North Carolina Chapel Hill Arts And Sciences Foundation, Aka Ffn 58760149134 E Franklin St, Chapel Hill, NC 27514-3616NC1976-10$26,413,724
5Kenan-Flagler Business School FoundationCampus Box 3490 Mccoll Building, Chapel Hill, NC 27599-3440NC1951-12$25,521,027
6St Augustines University Foundation, St Augustines National Foundation17515 W Nine Mile Rd Ste 755, Southfield, MI 48075-4403MI1983-01$14,709,294
7Athletic Foundation Of The University Of North Carolina At Ch9201 University City Blvd, Charlotte, NC 28223-0001NC1970-02$12,297,008
8University Of North Florida Financing Corporation1 Unf Drive Hicks Hall Suite 2900, Jacksonville, FL 32224FL2007-03$9,753,890
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10School Of Social Work Foundation Inc325 Pittsboro St, Chapel Hill, NC 27516-2911NC1985-08$851,073
11Aggie Athletic Foundation Of North Carolina A&t State Universit, Aggie Athletic Foundation1601 E Market St Dowdy Bldg Ste 400, Greensboro, NC 27411-0001NC2011-03$604,181
12W Richison Schofield Scholarship Trust 15138504681 W 4th St 4th Fl, Winston Salem, NC 27101-3818NC2003-11$550,097
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15Mars Hill College Foundation IncMars Hill College, Mars Hill, NC 28754NC1999-06$0
16Nccu Real Estate Foundation Inc1801 Fayetteville St, Durham, NC 27707-3129NC2002-11$0
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18Shaw University Bears Booster Club IncPo Box 25493, Raleigh, NC 27611-5493NC2004-04$0
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Number of organizations performing similar types of work
Alaska1
Alabama7
Arkansas3
Arizona3
California53
Colorado9
Connecticut9
District of Columbia4
Delaware4
Florida22
Georgia21
Hawaii2
Iowa5
Illinois19
Indiana8
Kansas13
Kentucky6
Louisiana8
Massachusetts7
Maryland7
Maine1
Michigan16
Minnesota8
Missouri9
Mississippi4
Montana1
North Carolina30
Nebraska3
New Hampshire2
New Jersey12
New Mexico3
Nevada5
New York43
Ohio16
Oklahoma5
Oregon5
Pennsylvania23
Rhode Island1
South Carolina13
South Dakota3
Tennessee12
Texas25
Utah3
Virginia17
Vermont1
Washington8
Wisconsin13
West Virginia4
Wyoming1
International6
Total504

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