2021-02-13T10:36:57-06:00 2020-06-30 261678195 BURLESON & EARLEY PA 902 Sand Hill Road Asheville NC 28806 990 2019-07-01 237073829 The University of North Carolina at Asheville Foundation Inc UNIV 8282516716 One University Heights Asheville NC 28804 John G Pierce Treasurer 8282516716 2021-02-13 1 Robin G Earley CPA P01220854 8282512846 2021-02-13 2019 2022-09-23 18:48:47Z John G Pierce One University Heights Asheville NC 28804 11192212 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 5251349 4691374 0 0 463278 2937419 415497 355555 6130124 7984348 4398878 3557752 0 0 0 0 0 0 121986 2145990 1899665 6544868 5457417 -414744 2526931 46105908 46518233 4849256 4678115 41256652 41840118 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 5163268 3557752 3123328 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. 5163268 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 Derek Allen Director 1.00 X 0 0 0 Tiffany Armstrong Director 1.00 X 0 0 0 Donna Bailey Director 1.00 X 0 0 0 Amy L Bibby Vice Chair 1.00 X X 0 0 0 Courtney Blossman 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 Isaiah Green Director 1.00 X 0 0 0 Michael Greene Chair 1.00 X X 0 0 0 Michael Hicks 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 Director 1.00 X 0 0 0 George Morosani Director 1.00 X 0 0 0 Thomas Oreck Director 1.00 X 0 0 0 Katie Rozycki Director 1.00 X 0 0 0 Bobbie Rockwell 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 Peter Vexter 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 Director 1.00 X 0 0 0 0 0 0 0 0 0 0 Goforth Builders Inc 190 Charlotte Hwy Asheville NC 28803 Construction Services 454575 Duda Paine Architects PA 333 Liggett St Durham NC 27701 Architectural services 151917 2 4691374 84627 4691374 92453 92453 327362 242701 84661 84661 84661 5685129 125000 2786926 178237 2898203 -53237 2844966 2844966 169646 0 169646 169646 Miscellaneous income 900099 84578 84578 Family Business Forum 900099 16670 16670 101248 7984348 3123328 0 169646 X 3557752 3557752 -7294 -7294 16915 16915 188420 188420 745097 513090 148073 83934 64750 64750 77423 73743 13 3667 61875 61875 21366 18023 3343 Equipment, noncapitaliz 237832 235582 2250 Supplies 114148 95105 352 18691 Rent 103604 101979 25 1600 Subscriptions 87802 87802 187727 172441 1192 14094 5457417 5163268 172163 121986 1 1413985 2553846 568919 800416 1854904 1433458 84006 48771 5827949 997375 4589825 4830574 900235 4398854 36013673 31940286 150000 0 530361 512027 46105908 46518233 118442 133091 79966 82524 4650848 4462500 4849256 4678115 X 2707180 2894420 38549472 38945698 41256652 41840118 46105908 46518233 2526931 -2085546 142081 0 X X 0 1 X 1 0 X 5813563 2717676 3037067 5407154 4833455 21808915 5813563 2717676 3037067 5407154 4833455 21808915 21808915 190623 232850 261357 378045 419815 1482690 13413 41140 74740 115794 84578 329665 23621270 424665 0.92330 0.93340 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 36252027 645285 847847 2050648 86 35694425 34108831 1016172 2582164 1454273 867 35252027 30737458 915973 3751210 1131879 163931 34108831 27365620 785851 3353141 621389 145765 30737458 26599157 3272357 446657 1927864 131373 27365620 0.03000 0.65000 0.32000 0 0 1147965 1147965 3515051 771136 2743915 669483 214239 455244 12000 12000 0 483450 483450 4830574 Interest in UNC Investment Fund LLC 31940286 F 31940286 Present Value of Annuities Payable 584877 Tenant security deposits 30000 Due to University 2000000 Notes Payable 1847623 4462500 X 6095165 -2085546 142081 54282 -1889183 7984348 0 7984348 5511700 54282 54282 5457418 0 5457418 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 242,701. investment expense -188,419. Part XII, Line 2d - Other Adjustments: Depreciation on rental properties 242,701. invest expense -188,419. X X X X X X X 1 NC Special events 169646 169646 169646 169646 169646 0 University of North Carolina at Asheville One University Heights Asheville NC 28804 566002370 1489787 To provide scholarship assistance to students University of North Carolina at Asheville One University Heights Asheville NC 28804 566002370 154594 To provide general assistance to the University University of North Carolina at Asheville One University Heights Asheville NC 28804 566002370 543540 Asset transfer to university X Meals 7 24999 cost X Chestnut Hall Outdoor Benches 4 9240 cost X Shuffleboard table 1 6895 cost X Memorabilia 6 6195 cost X Adirondack Chairs 20 5534 cost X Moog mini keyboard 1 4900 cost X Brad Petitfils Pro Bono Teaching 1 3900 cost X Stalker radar gun 1 3048 cost X Tickets to sporting events 4 2919 cost X Henry Morrow Custom Classical Guitar, case and music stand 1 2800 cost X rounds of golf 3 2372 cost X Hotel Stays 4 1951 cost X Homecoming Gifts 5 1700 cost X Gift Cards/ Gift Certificates 3 1109 cost X Shirts 1 1097 cost X Tires 4 1000 cost X Leather Travel Bag 1 852 cost X Yeti Coolers 3 749 cost X 55" TV 2 700 cost X Van rental 1 600 cost X Gift Baskets 1 460 cost X Supplies 2 319 cost X Water jet cutting 1 300 cost X Amazon Echo & Alexa 2 277 cost X Cornhole Boards 1 225 cost X Navitat mountaintop tour 1 200 cost X Air Pods charging case 1 145 cost X Media Fire Stick 1 100 cost X Display Table 1 40 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 427,568. Management and general expenses 144,475. Fundraising expenses 56,157. Total expenses 628,200. Other services: Program service expenses 85,522. Management and general expenses 3,598. Fundraising expenses 27,777. Total expenses 116,897. 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 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 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 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 University of North Carolina at Asheville Foundation Inc