2022-02-17T08:07:51-06:00 2021-06-30 261678195 BURLESON & EARLEY PA 902 Sand Hill Road Asheville NC 28806 990 2020-07-01 237073829 The University of North Carolina at Asheville Foundation Inc UNIV 8282516716 One University Heights Asheville NC 28804 John G Pierce Treasurer 8282516716 2022-02-17 1 John Pierce 999009999 Robin G Earley CPA P01220854 8282512846 2022-02-17 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z John G Pierce One University Heights Asheville NC 28804 11895864 0 X www.unca.edu X 1965 NC To secure, manage and distribute private support to enhance the growth and development of the University of North Carolina at Asheville. 24 24 0 0 0 0 4691374 6209778 0 0 2937419 1241894 355555 204333 7984348 7656005 3557752 3566563 0 0 0 0 0 0 185493 1899665 1963605 5457417 5530168 2526931 2125837 46518233 61388528 4678115 3857432 41840118 57531096 The mission of the UNC Asheville Foundation, Inc. is to secure, manage, and distribute private support to enhance the growth and development of UNC Asheville. 0 0 4896507 3566563 1319978 The Foundation exists to provide support to the University of North Carolina at Asheville, a state owned four year University. In this capacity, the Foundation receives funds that are spent on behalf of the Unversity such as scholarships, faculty grants and awards, purchase of equipment and internal expense for printing, supplies, etc. 4896507 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 1 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 24 24 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NC X X John Pierce 8282516716 One University Heights Asheville NC 28804 X Tiffany Armstrong Director 1.00 X 0 0 0 Donna Bailey Director 1.00 X 0 0 0 Amy L Bibby Director 1.00 X 0 0 0 Holly Bunting Director 1.00 X 0 0 0 Johnny Davis Director 1.00 X 0 0 0 Michael Greene Director 1.00 X 0 0 0 Maryann Jones Director 1.00 X 0 0 0 Sue McClinton Director 1.00 X 0 0 0 Lakesha McDay Vice Chair 1.00 X X 0 0 0 George Morosani Director 1.00 X 0 0 0 Susan Shanor Director 1.00 X 0 0 0 William Smith Director 1.00 X 0 0 0 Jane Swafford Director 1.00 X 0 0 0 Brandon Wallace Director 1.00 X 0 0 0 Sara Bissette Director 1.00 X 0 0 0 David Worley Board Chair 1.00 X X 0 0 0 Tom Bowles Director 1.00 X 0 0 0 Greg Burnette Director 1.00 X 0 0 0 Paul Fanning Director 1.00 X 0 0 0 London Newton Director 1.00 X 0 0 0 Vanessa Osborne Director 1.00 X 0 0 0 Dan Pierce Director 1.00 X 0 0 0 Kent Smith Director 1.00 X 0 0 0 Erik Vedeler Director 1.00 X 0 0 0 0 0 0 0 0 0 0 James R Vannoy & Sons Construction 4024 Barringer Dr Charlotte NC 28217 Construction Services 947879 1 6209778 162000 6209778 122056 122056 234287 183169 51118 51118 51118 3176528 2000000 2179875 1876815 996653 123185 1119838 1119838 126249 0 126249 126249 Miscellaneous income 900099 26966 26966 26966 7656005 1319978 0 126249 X 3566563 3566563 1796 840 956 21188 21188 229293 229293 654115 360167 195352 98596 77183 75683 1500 32815 20976 7 11832 55675 54955 720 21169 20026 1143 Supplies 283182 247636 35546 Equipment, noncapitaliz 143228 140442 2786 Subscriptions 129884 104163 25721 Rent 100515 100515 213562 204541 465 8556 5530168 4896507 448168 185493 1 1 2553846 5639173 800416 1038593 1433458 1035064 48771 74462 4454073 622965 4830574 3831108 4398854 5330918 31940286 43879170 512027 560039 46518233 61388528 133091 400113 82524 85282 4462500 3372037 4678115 3857432 X 2894420 4394317 38945698 53136779 41840118 57531096 46518233 61388528 2125837 13378425 186716 0 X X 0 1 X 1 0 X 2717676 3037067 5407154 4833455 6396494 22391846 2717676 3037067 5407154 4833455 6396494 22391846 4146874 18244972 232850 261357 378045 419815 356343 1648410 41140 74740 115794 84578 26966 343218 24383474 373516 0.74830 0.92330 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 35694425 846520 14226660 2018039 48749566 36252027 645285 847847 2050648 86 35694425 34108831 1016172 2582164 1454273 867 35252027 30737458 915973 3751210 1131879 163931 34108831 27365620 785851 3353141 621389 145765 30737458 0.03000 0.49000 0.48000 0 0 386308 386308 1842314 326582 1515732 707833 284383 423450 12000 12000 0 1505618 1505618 3831108 Interest in UNC Investment Fund LLC 43879170 F 43879170 Present Value of Annuities Payable 489152 Notes Payable 2345722 Construction contracts payable 329221 Unearned Revenue 207942 3372037 X 21175022 13378425 186716 183169 13748310 7426712 229293 229293 7656005 5484044 183169 183169 5300875 229293 229293 5530168 Part V, Line 4: The income from the investments and trust is expendable for scholarship or general University support, while the principal is permanently restricted. Part X, Line 2: The Foundation believes that it has appropriate support for any tax positions taken and as such, does not have any uncertian tax positions that are material to the financial statements. Part XI, Line 2d - Other Adjustments: Depreciation on Rental Properties 183,169. Part XII, Line 2d - Other Adjustments: Depreciation on rental properties 183,169. X X X X X X X 1 NC Special events 126249 126249 126249 126249 126249 0 University of North Carolina at Asheville One University Heights Asheville NC 28804 566002370 NC state Univ system 986294 To provide scholarship assistance to students University of North Carolina at Asheville One University Heights Asheville NC 28804 566002370 NC state Univ system 153943 To provide general assistance to the University University of North Carolina at Asheville One University Heights Asheville NC 28804 566002370 NC state Univ system 538940 Asset transfer to university 1 X Materials for Baseball Stadium 1 82273 cost X Design expense for Baseball Stadium 1 49370 cost X Construction fee reduction 1 28893 cost X Meals 1 1464 cost 0 1 0 Form 990, Part VI, Section A, line 1 The Executive Committe shall meet on call by the Chair of the Board and shall have power to act for the Board in the interim between Board meetings and all such actions taken by the Executive Committe shall be reported to the Board at its next regular or special meeting. The Audit Committee shall provide oversight for all aspects of the Foundation's finances, including but not limited to monitoring the performance of the budget, reviewing the actions of the Treasurer and designees, and appointing an external auditor on an annual basis. Form 990, Part VI, Section A, line 3 The Foundation does not currently have employees. All persons providing service to the Foundation are employees of the University of North Carolina at Asheville. The value of these services is recorded as a noncash contribution. Form 990, Part VI, Section B, line 11b Form 990 is provided first to the audit committee for review. The 990 is then provided to the full Board of Directors for their review prior to a scheduled board meeting, at which any required discussions will occur and the form will be approved for filing. Form 990, Part VI, Section B, line 12c The Board of Directors overview potential conflicts of interest during regular board meetings. If conflicts are found to exist, they are resolved by the board at that time. Form 990, Part VI, Section C, line 19 The entities organizational documents and documentation of exempt status are maintained at the location of the entity. They are open and available to public inspection upon request. Form 990, Part IX, line 11g Contract services: Program service expenses 293,458. Management and general expenses 192,841. Fundraising expenses 81,262. Total expenses 567,561. Other services: Program service expenses 66,709. Management and general expenses 2,511. Fundraising expenses 17,334. Total expenses 86,554. Part XII, Line 2c This process had not changed from prior years. UNC Asheville Baseball Stadium LLC One University Heights Asheville NC 28804 463901116 Expansion of existing baseball stadium of UNC Asheville NC 237191 86176 University of North Carolina at Asheville Foundation Inc UNC Asheville Real Estate LLC One University Heights Asheville NC 28804 464431330 Real estate management and acquisition NC 29723 713623 University of North Carolina at Asheville Foundation Inc UNC Asheville Makerspace LLC One University Heights Asheville NC 28804 811589683 Operating lease of commercial building NC 49999 493640 University of North Carolina at Asheville Foundation Inc UNC Asheville Riverside Property LLC One University Heights Asheville NC 28804 820735906 Operating lease of building NC 156970 2274386 University of North Carolina at Asheville Foundation Inc