2021-03-23T09:36:47-05:00 2020-06-30 420714325 RSM US LLP 1861 INTERNATIONAL DRIVE SUITE 400 MCLEAN VA 22102 990 2019-07-01 566001394 UNIVERSITY OF NORTH CAROLINA PRESS INC UNIV 9199663561 116 S BOUNDARY ST CHAPEL HILL NC 275143829 JAMI G CLAY DIRECTOR OF FINANCE 9199663561 2021-03-08 1 YONG ZHANG CPA P01249785 7033366400 2021-03-08 2019 2022-09-23 18:48:47Z JOHN SHERER 116 S BOUNDARY ST CHAPEL HILL NC 275143829 8335409 0 X WWW.UNCPRESS.ORG X 1922 NC TO PROMOTE THE ADVANCEMENT OF ARTS AND SCIENCES AND DEVELOPMENT OF LITERATURE THROUGH THE PUBLISHING OF DESERVING WORKS. 18 18 58 18 0 0 2554872 1958992 588668 545597 654350 309156 2831231 2719592 6629121 5533337 125312 157633 0 0 2902730 3113186 0 0 13504 1955390 1852638 4983432 5123457 1645689 409880 31070314 31227976 3434177 2660436 27636137 28567540 TO PROMOTE THE ADVANCEMENT OF THE ARTS AND SCIENCES AND THE DEVELOPMENT OF LITERATURE THROUGH THE PUBLISHING OF BOOKS, JOURNALS, AND OTHER FORMS OF PUBLICATIONS IN ALL MEDIA. 0 0 3692196 157633 3259672 PUBLISHING OF SCHOLARLY BOOKS TO PROMOTE THE ADVANCEMENT OF ARTS AND SCIENCES. 3692196 1 1 0 0 0 0 0 0 0 1 1 0 1 0 1 1 1 1 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 1439 0 1 58 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NC X JAMI CLAY 9199663561 116 S BOUNDARY ST CHAPEL HILL NC 275143829 ERIC MULLER CHAIR 1.00 X X 0 0 0 LISA LEVENSTEIN VICE CHAIR 1.00 X X 0 0 0 ANITA BROWN-GRAHAM MEMBER 1.00 X 0 0 0 LINDA KAY HANLEY-BOWDOIN MEMBER 1.00 X 0 0 0 KATHLEEN DUVAL MEMBER 1.00 X 0 0 0 ELIZABETH ENGLEHARDT MEMBER 1.00 X 0 0 0 BLAIR LM KELLEY MEMBER 1.00 X 0 0 0 JOHN C O'HARA JR MEMBER 1.00 X 0 0 0 JONATHAN PRUITT EX-OFFICIO 1.00 X 0 0 0 CAMILLE N BARKLEY EX-OFFICIO 1.00 X 0 0 0 VINCAS STEPONAITIS MEMBER 1.00 X 0 0 0 CARLTON E WILSON MEMBER 1.00 X 0 0 0 RANDALL STYERS MEMBER 1.00 X 0 0 0 TIMOTHY J SMITH MEMBER 1.00 X 0 0 0 MALINDA MAYNOR LOWERY MEMBER 1.00 X 0 0 0 CLAUDE A CLEGG MEMBER 1.00 X 0 0 0 MARIA R ESTORINO EX-OFFICIO 1.00 X 0 0 0 MATTHEW MORSE BOOKER MEMBER 1.00 X 0 0 0 JOHN SHERER DIRECTOR 38.00 2.00 X 197330 0 55900 ROBERT DIRCKS JR CFO & ASSOC DIRECTOR 26.00 14.00 X 155658 0 37971 DINO A BATTISTA ASSOCIATE DIRECTOR 40.00 X 114849 0 34128 467837 0 127999 3 0 1 0 UNIVERSITY OF NORTH CAROLINA CHAPEL HILL SCHOOL OF GOVERNMENT CHAPEL HILL NC 27599 CONTRACTED SALES 1331043 LONGLEAF SERVICES INC 116 S BOUNDARY ST CHAPEL HILL NC 27514 FULFILLMENT SERVICES, EDP 1223312 SHERIDAN 116 S BOUNDARY ST CHAPEL HILL NC 27514 PRINTING SERVICES 743589 VERSA PRESS 1465 SPRING BAY RD EAST PEORIA IL 61611 PRINTING SERVICES 145176 4 1006610 952382 247828 1958992 FEES FROM SERVICES 511190 277202 277202 SUBSIDIARY RIGHTS AND PUBLICATION 511190 144327 144327 COMMISSIONS FROM JOURNALS 511190 124068 124068 545597 16967 16967 856527 564338 292189 292189 292189 4951809 2237734 2714075 2714075 OTHER INCOME 900099 5517 5517 5517 5533337 3259672 0 314673 157633 157633 613874 613874 1817360 1091071 726289 322155 193568 128587 359797 249901 109896 51729 51729 125144 125144 19196 19196 314675 314675 187215 132176 55039 57119 57119 47577 47577 59231 55440 3791 39534 39534 22678 22678 LONGLEAF FEES 438070 438070 EDITORIAL DESIGN AND PR 199274 199274 FREELANCE 140980 140980 READING AND EDITOR FEES 57781 57781 92435 47753 31178 13504 5123457 3692196 1417757 13504 1979332 1685865 1238505 1256512 17628 0 769947 693587 568812 516659 1348286 1109194 219996 239092 850000 900000 23926489 24439243 1499605 1497018 31070314 31227976 916369 836161 1076230 890345 1441578 933930 3434177 2660436 X 4508585 5216665 23127552 23350875 27636137 28567540 31070314 31227976 X 409880 337539 183984 X X 0 1 X 1 0 X 1056919 947661 2612689 2554872 1958992 9131133 1056919 947661 2612689 2554872 1958992 9131133 1604915 7526218 276 92087 2131 9493 16967 120954 32135 5174 2335 5517 45161 9297248 27159610 0.80950 0.77600 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2016 AMOUNT: $ 32,135. 2017 AMOUNT: $ 5,174. 2018 AMOUNT: $ 2,335. 2019 AMOUNT: $ 5,517. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 23127552 608823 514500 900000 23350875 20567030 1820123 1590399 850000 23127552 17548319 1745652 2073059 800000 20567030 16252333 53201 1907785 665000 17548319 17399781 31071 -393519 785000 16252333 0.00000 0.44230 0.55770 0 0 743719 556118 187601 604567 553076 51491 239092 UNC INVESTMENT FUND 24439243 F 24439243 SUBSIDIES ON UNCOMPLETED BOOKS 158339 DUE TO UNIVERSITY PERIODICALS 454196 ROYALTIES & COMMISSIONS PAYABLE 102903 ACCRUED VACATION 218492 933930 X 8167450 337539 183984 521523 7645927 125144 -2237734 -2112590 5533337 7236047 2237734 2237734 4998313 125144 125144 5123457 PART V, LINE 4: THE BOARD'S CURRENT GENERAL SPENDING POLICY IS TO DISTRIBUTE AN AMOUNT EQUAL TO 5% OF THE AVERAGE MARKET VALUE FOR THE 12 QUARTERS ENDING MARCH 31 JUST PRIOR TO THE BEGINNING OF THE FISCAL YEAR. THIS SPENDING POLICY IS CONSISTENT WITH THE AVERAGE LONG-TERM RETURN EXPECTATION, PROVIDING ONGOING SUPPORT OF DONORS' CHARITABLE INTERESTS AND ADDITIONAL GROWTH TO THE ENDOWMENT FUNDS. APPROPRIATIONS FROM ENDOWMENT FUNDS ARE APPROVED BY THE PRESS' BOARD. PART X, LINE 2: MANAGEMENT EVALUATED THE PRESS' TAX POSITIONS AND CONCLUDED THE PRESS HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THE INCOME TAXES TOPIC OF THE FASB ACCOUNTING STANDARDS CODIFICATION (ASC). PART XI, LINE 2D - OTHER ADJUSTMENTS: EQUITY IN GAIN FROM LONGLEAF SERVICES 183,984. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -2,237,734. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 2,237,734. EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES CONSIGNMENT SALES EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES CONSIGNMENT SALES CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES CONSIGNMENT SALES 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PART III ACCOUNTING METHOD: 1 LONGLEAF SERVICES INC 116 S BOUNDARY STREET CHAPEL HILL NC 27514 743155150 501(C)(3) 157633 0 SUPPORT 1 0 PART I, LINE 2: UNC PRESS ENSURES THAT LONGLEAF SERVICES USED GRANT FUNDS TO FURTHER UNC PRESS' EXEMPT PURPOSE, SUPPORTING THE UNIVERITY OF NORTH CAROLINA SYSTEMS. X X 0 0 0 0 0 0 0 0 0 JOHN SHERER DIRECTOR 196778 0 0 0 552 0 37216 0 18684 0 253230 0 0 0 ROBERT DIRCKS JR CFO & ASSOC DIRECTOR 155658 0 0 0 0 0 29357 0 8614 0 193629 0 0 0 X 9 247828 SELL ON DATE RECEIVED 0 0 0 0 PART I, COLUMN (B): THE NUMBER IN COLUMN B REFLECTS THE NUMBER OF DONORS. FORM 990, PART VI, SECTION A, LINE 7A THE UNIVERSITY OF NORTH CAROLINA SYSTEM HAS THE POWER TO ELECT MEMBERS OF THE BOARD OF UNC PRESS. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS REVIEWED BY THE CFO AND THE ACCOUNTING MANAGER AND MADE AVAILABLE TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C POLICY IS IN THE STAFF HANDBOOK AND ANY CONFLICTS ARE REPORTED ACCORDINGLY. OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE ASKED ANNUALLY TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 ANNUAL SALARIES ARE REVIEWED WITH ANNUAL SALARY STATISTICS PROVIDED BY THE ASSOCIATION OF AMERICAN UNIVERSITY PRESSES. THE UNC PRESS BOARD OF GOVERNORS MEETS ANNUALLY IN EXECUTIVE SESSION TO DISCUSS AND REVIEW THE PERFORMANCE AND SALARY OF THE DIRECTOR. THE DIRECTOR'S SALARY IS SET BASED ON COMPARATIVE SALARY DATA PROVIDED BY THE ASSOCIATION OF AMERICAN UNIVERSITY PRESSES. THE DELIBERATIONS AND DECISIONS ARE CONTEMPORANEOUSLY DOCUMENTED AS WELL. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART XI, LINE 9: EQUITY IN GAIN FROM LONGLEAF SERVICES 183,984. FORM 990, PART XII, LINE 2C THE PROCESS FOR OVERSEEING THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT THAT AUDITED THE FINANCIAL STATEMENTS HAS BEEN CONSISTENT WITH PRIOR YEARS. LONGLEAF SERVICES INC 116 S BOUNDARY STREET CHAPEL HILL NC 27515 743155150 SUPPORT PARENT COMPANY UNC PRESS AND OTHER UNIVERSITY PRESSES NC 501(C)(3) LINE 12A, I UNIVERSITY OF NC PRESS INC 1 UNIVERSITY OF NORTH CAROLINA SYSTEMS CB9000 PO BOX 2688 CHAPEL HILL NC 275152688 566172047 GOVERNING BODY OF THE PUBLIC UNIVERSITY SYSTEM OF NORTH CAROLINA NC GOVERNMENTAL LINE 6 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 LONGLEAF SERVICES INC B 157633 FAIR MARKET VALUE LONGLEAF SERVICES INC M 1223312 FAIR MARKET VALUE LONGLEAF SERVICES INC Q 743589 FAIR MARKET VALUE