2018-05-10T13:27:43-05:00 2017-06-30 KPMG LLP 300 North Greene Street Suite 400 Greensboro NC 27401 990 2016-07-01 566058412 THE EDUCATIONAL FOUNDATION INC % DIANE S ALDRIDGE EDUC 9198432000 450 Skipper Bowles Drive Chapel Hill NC 27599 DIANE S ALDRIDGE CFO & GEN. COUNSEL 9198432000 2018-05-08 true SHAWN M HUTCHINSON P01048557 3362753394 2016 2022-09-23 18:48:47Z JOHN MONTGOMERY 450 Skipper Bowles Drive Chapel Hill NC 27599 55573336 false X www.ramsclub.com X 1938 NC THE CORPORATION WAS FORMED TO PROVIDE EDUCATIONAL ASSISTANCE TO INDIVIDUALS ATTENDING THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL AND TO SUPPORT UNC facilities & PROGRAMS 21 21 51 200 0 0 44431828 53196095 0 0 2109993 2361846 5022 -5472 46546843 55552469 21795198 35134513 0 0 3427150 4232423 85822 87965 2915464 7244974 11008181 32553144 50463082 13993699 5089387 97109790 111948100 53657988 60578842 43451802 51369258 X THE SPECIFIC OBJECTS FOR WHICH THIS CORPORATION ARE FORMED INCLUDE, WITHOUT LIMITATION, (A) PROVIDING ASSISTANCE TO WORTHY YOUNG MEN AND WOMEN SEEKING AN EDUCATION AT THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL (THE "UNIVERSITY") AND (B) SUPPORTING UNIVERSITY PROGRAMS BY PROVIDING FUNDS FOR THE CONSTRUCTION OF FACILITIES OR THE PURCHASE OF EQUIPMENT FOR SUCH PROGRAMS. false false 19398809 15630224 CONTRIBUTIONS TO UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL: CONTRIBUTIONS TO UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL TO PROVIDE SCHOLARSHIP ASSISTANCE TO STUDENT ATHLETES. 6051270 4166977 CONTRIBUTIONS TO UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL: CONTRIBUTIONS TO UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL TO PROVIDE FINANCIAL ASSISTANCE TO OPERATING BUDGETS FOR 28 SPORTS, TO PROVIDE DEBT SERVICE FOR PREVIOUS RENOVATIONS OF ATHLETIC FACILITIES, TO PROVIDE ASSISTANCE WITH CONSTRUCTION OF PARKING FACILITIES ON CAMPUS, AND TO PROVIDE FINANCIAL ASSISTANCE TO VARIOUS OTHER ATHLETIC PROGRAMS AND PROJECTS. 19105897 15337312 Completed renovation of mens basketball locker rooms for players, coaches and staff and players lounge and therapy areas. Initiated construction of multiple athletic projects including 1) a new dedicated indoor football practice facility and two practice fields, 2) a new soccer and lacrosse stadium complex including a team building and museum and a stadium complex with individual seats, concessions and restrooms and concourses connecting the north and south sides of campus, 3) a new field hockey stadium including a new team building and stadium complex, and 4) a new dedicated outdoor track complex with four adjacent practice fields, paved parking, permanent seating and restrooms. Expanded the boundary areas and the playing surface at Kenan Stadium in order to accommodate football practice and competition during the construction of the indoor football practice facility. Renovated areas at Boshamer Stadium including the visiting team locker room and team meeting areas. 44555976 true true false false false false false false false true true true false true true false true false false false false false false true true false false true false true false false false false false false false false true false false false false true true true false false true 42 0 true 51 true false false false false false true true false false false false X 21 21 false false false false true false false true true false false true true true true true true true true false X DIANE S ALDRIDGE 9198432000 450 SKIPPER BOWLES DRIVE CHAPEL HILL NC 27599 X W LOWRY CAUDILL CHAIRMAN OF THE BOARD 0.0 0.0 X X 0 0 0 TODD POPE VICE CHAIRMAN 0.0 0.0 X X 0 0 0 MILTOM PETTY TREASURER 0.0 0.0 X X 0 0 0 KEN WILLIAMS EXECUTIVE BOARD MEMBER 0.0 0.0 X 0 0 0 CHRIS SMITH EXECUTIVE BOARD MEMBER 0.0 0.0 X 0 0 0 MUNROE COBEY EXECUTIVE BOARD MEMBER 0.0 0.0 X 0 0 0 ALLEN WILSON EXECUTIVE BOARD MEMBER 0.0 0.0 X 0 0 0 TOM MANN SECRETARY 0.0 0.0 X X 0 0 0 STEVE VETTER EXECUTIVE BOARD MEMBER 0.0 0.0 X 0 0 0 LEN WHITE EXECUTIVE BOARD MEMBER 0.0 0.0 X 0 0 0 FRANK BRENNER EXECUTIVE BOARD MEMBER 0.0 0.0 X 0 0 0 STONEY SELLARS EXECUTIVE BOARD MEMBER 0.0 0.0 X 0 0 0 CATHY CARTER MORRIS EXECUTIVE BOARD MEMBER 0.0 0.0 X 0 0 0 RALPH TEAL EXECUTIVE BOARD MEMBER 0.0 0.0 X 0 0 0 LAURA SCOTT EXECUTIVE BOARD MEMBER 0.0 0.0 X 0 0 0 HENRY SMITH EXECUTIVE BOARD MEMBER 0.0 0.0 X 0 0 0 DON WILLIAMS EXECUTIVE BOARD MEMBER 0.0 0.0 X 0 0 0 KEITH STONEMAN EXECUTIVE BOARD MEMBER 0.0 0.0 X 0 0 0 VANESSA WITTMAN EXECUTIVE BOARD MEMBER 0.0 0.0 X 0 0 0 Dwight Stone Past Chairman 0.0 0.0 X X 0 0 0 DAVID ROUTH EXECUTIVE BOARD MEMBER 0.0 0.0 X 0 0 0 DIANE ALDRIDGE CFO & GENERAL COUNSEL 40.0 0.0 X 155089 0 23019 DAWN MCPHERSON DIRECT OF CAMPAIGN OPERATIONS 40.0 0.0 X 151546 0 22984 JOHN MONTGOMERY EXECUTIVE DIRECTOR 40.0 0.0 X 392488 0 32270 MATT TERRELL ASSOC EXEC DIR STRATEGY & COMM 40.0 0.0 X 146047 0 22344 KEN MACK ASSOC EXEC DIRECTOR LEAD GIFTS 40.0 0.0 X 174314 0 26188 SUE W STANKAVAGE ASSOC EXEC DIR SCHOLARSHIP 40.0 0.0 X 143444 0 21877 GARY BURNS MAJOR GIFTS DIRECTOR 40.0 0.0 X 126730 0 20070 TIM SMITH ASSOC EXEC DIRECT MAJOR GIFTS 40.0 0.0 X 157757 0 24881 ERIC MONTROSS MAJOR GIFTS DIRECTOR 40.0 0.0 X 119608 0 17907 1567023 0 211540 11 false true false VISION CONTRACTORS INC PO BOX 41586 RALEIGH NC 27629 GENERAL CONTRACTOR 3343428 OVERTIME AVIATION COMPANY INC 4909 WESTERN BOULEVARD SUITE 200 RALEIGH NC 27606 AIRLINE SERVICES 385373 CRA Associates Inc 222 Cloister Court CHAPEL HILL NC 27514 Architectural 1770666 The John R McAdams Company Inc PO Box 14005 RTP NC 27709 Civil Engineering 544878 UNC CH Transportation Parking CB 1600 285 Manning Dr CHAPEL HILL NC 275991600 Game Day Parking 514638 13 13886360 26190 10412722 28870823 4840442 53196095 0 102741 102741 0 0 0 0 0 2259105 2259105 2259105 2259105 15395 26190 20867 -5472 -5472 0 0 0 0 0 0 0 55552469 2356374 35134513 35134513 0 0 0 945786 542692 403094 0 2808734 1611651 1197083 249531 143181 106350 0 228372 131040 97332 0 50061 50061 121245 121245 0 87965 87965 273134 273134 45977 3500 26938 15539 748595 748595 284034 28403 255631 117406 11741 105665 0 256568 28453 228115 560247 62131 498116 0 98867 10964 87903 633845 633845 0 67432 60688 6744 71076 71076 SPECIAL EVENTS 147681 33709 8428 105544 GAME DAY EXPENSES 2287374 1143687 1143687 BAD DEBT EXPENSES 4983401 4983401 CHARITABLE CONTRIBUTION 93925 93925 167313 167313 50463082 44555976 2991642 2915464 0 0 24702519 26784016 23334992 28941852 0 0 0 0 0 0 0 0 0 0 1821769 1773408 679644 579525 157769 100119 0 0 41856673 48649687 0 0 0 0 5236068 5699018 97109790 111948100 3394162 4187572 0 0 855886 805020 0 0 0 0 0 0 0 18713705 28216482 35814075 21191458 1058470 53657988 60578842 X -11570634 -17556778 21959214 32303267 33063222 36622769 43451802 51369258 97109790 111948100 5089387 2828069 X false true X true false X 26580373 33709963 36855021 44458476 53190555 194794388 0 0 26580373 33709963 36855021 44458476 53190555 194794388 2195644 192598744 106327 39582 21044 44823 102741 314517 0 0 195108905 0.98713 0.98992 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 31824724 3604518 3991433 1474428 37946247 31614169 2386276 -792941 1382780 31824724 26582349 3646194 2658890 1273264 31614169 22438163 1526708 3580544 963066 26582349 19486335 1323474 2108929 480575 22438163 0.00000 0.79900 0.20100 true false 679644 579525 100119 100119 CERTIFICATE OF DEPOSIT 263104 F UNC CH FDN INV. FUND, INC. 48123521 F OTHER EQUITY INVESTMENTS 263062 F 48649687 CASH SURRENDER VALUE LIFE INS. 1976764 SPLIT INTEREST AGREEMENTS 3722254 5699018 0 PAYABLES TO UNC CH 238692 RETIREMENT AND OTHER BENEFITS 819778 1058470 X 47988683 2828069 2828069 45160614 10391855 10391855 55552469 40071227 40071227 10391855 10391855 50463082 FORM 990, SCHEDULE D, PART V, LINE 4 INTENDED USES OF THE ENDOWMENT FUNDS PERMANENTLY RESTRICTED NET ASSETS ARE RESTRICTED TO INVESTMENT IN PERPETUITY. INCOME FROM THESE ASSETS IS EXPENDABLE TO PROVIDE OPERATIONAL SUPPORT FOR THE DESIGNATED SPORTS PROGRAMS OF THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL. FORM 990, SCHEDULE D, PARTS XI AND XII, LINES 4B-OTHER SPECIAL EVENT EXPENSE RECLASS: (20,867) TRANSFER FROM THE EDUCATIONAL FOUNDATION SCHOLARSHIP ENDOWMENT TRUST TO THE UNIVERSITY OF NORTH CAROLINA-CHAPEL HILL: 10,412,722 TOTAL OTHER: 10,391,855 FORM 990, SCHEDULE D, PART X, LINE 2 The Foundation is exempt from federal and state income taxes on related income under Internal Revenue Code 501(a) as an organization described in Section 501(c)(3) and applicable state statutes. Accordingly, no provision for income taxes has been made. X X X X X X true MossRoss 1536 Carr Street Raleigh NC 27608 Fundraising Consultants false 85777 85777 All States FIRST PITCH 41585 26190 15395 20867 0 41585 26190 15395 20867 20867 -5472 true UNC CHAPEL HILL 104 AIRPORT DRIVE CHAPEL HILL NC 27599 566001393 GOVT 35134513 BOOK N/A SEE PART IV 1 FORM 990, SCH I, PART I, LINE 2 MONITORING THE USE OF GRANT FUNDS GRANTS MADE BY THE ORGANIZATION WERE MADE TO A PUBLIC CHARITY FOR USE IN ITS EXEMPT MISSION. ACCORDINGLY, THE ORGANIZATION EXPECTS THE CHARITY TO USE THE FUNDS FOR PROPER PURPOSES, AND AS SUCH, DOES NOT SUBSEQUENTLY MONITOR THE GRANT. FORM 990, SCH I, PART II, LINE I(h) PURPOSE OF GRANT OR ASSISTANCE SCHOLARSHIPS, CONSTRUCTION, AND OTHER FINANCIAL ASSISTANCE. X X X true true X X X X false true false true false false false false false DIANE ALDRIDGE CFO & GENERAL COUNSEL 140492 0 8100 0 6497 0 12362 0 10657 0 178108 0 0 0 DAWN MCPHERSON DIRECT OF CAMPAIGN OPERATIONS 136949 0 8100 0 6497 0 12092 0 10892 0 174530 0 0 0 JOHN MONTGOMERY EXECUTIVE DIRECTOR 340345 0 46900 0 5243 0 21338 0 10932 0 424758 0 0 0 KEN MACK ASSOC EXEC DIRECTOR LEAD GIFTS 151540 0 21224 0 1550 0 15236 0 10952 0 200502 0 0 0 SUE W STANKAVAGE ASSOC EXEC DIR SCHOLARSHIP 120486 0 16461 0 6497 0 11094 0 10783 0 165321 0 0 0 MATT TERRELL ASSOC EXEC DIR STRATEGY & COMM 120786 0 18764 0 6497 0 11741 0 10603 0 168391 0 0 0 TIM SMITH ASSOC EXEC DIRECT MAJOR GIFTS 134856 0 20227 0 2674 0 14390 0 10491 0 182638 0 0 0 FORM 990, SCH J, PART I, LINE 1A WRITTEN POLICY FOR COMPENSATION CHARTER TRAVEL, TRAVEL FOR COMPANIONS, AND CLUB DUES MAY BE PROVIDED BY THE ORGANIZATION TO CERTAIN MEMBERS OF ITS SENIOR STAFF. ALL TRAVEL PAID FOR BY THE ORGANIZATION OR REIMBURSED TO EMPLOYEES UNDER THE ACCOUNTABLE PLAN IS CONSIDERED TO HAVE A BUSINESS PURPOSE. ANY INDIVIDUAL LISTED ON FORM 990, PART VII MAY HAVE RECEIVED CHARTER TRAVEL OR TRAVEL FOR COMPANIONS. ALL SUCH TRAVEL WAS ASSOCIATED WITH THE ORGANIZATION'S CHARITABLE MISSION AND WAS NOT TREATED AS TAXABLE COMPENSATION TO THE RECIPIENTS. CERTAIN MEMBERS OF ITS SENIOR STAFF RECEIVED CLUB DUES. THE USE OF SOCIAL CLUB MEMBERSHIPS FOR BUSINESS PURPOSES ARE NOT TREATED AS TAXABLE COMPENSATION TO THE RECIPIENTS. HOWEVER, THE PORTION RELATED TO PERSONAL USE OF SOCIAL CLUB MEMBERSHIPS IS TREATED AS TAXABLE COMPENSATION TO THE RECIPIENTS. FORM 990, SCH J, PART I, LINE 4B SUPPLEMENTAL NONQUALIFIED RETIREMENT PLANS THE EDUCATIONAL FOUNDATION, INC. MAINTAINS A NONQUALIFIED RETIREMENT PLAN TO PROVIDE SUPPLEMENTAL RETIREMENT BENEFITS FOR CERTAIN EMPLOYEES. THE FOLLOWING INDIVIDUALS PARTICIPATED IN OR RECEIVED PAYMENT FROM A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: DAWN MCPHERSON $0 (PARTICIPATION) SUSAN STANKAVAGE $0 (PARTICIPATION) FORM 990, SCH J, PART I, LINE 5A INCENTIVE COMPENSATION PLAN THE EDUCATIONAL FOUNDATION, INC. MAINTAINS AN INCENTIVE COMPENSATION PLAN COVERING ELIGIBLE EMPLOYEES. THE PLAN IS FORMULA DRIVEN, TRIGGERED BY REACHING FUNDRAISING GOALS ON ANNUAL FUND REVENUES/MEMBERSHIP DUES. X 275 3455602 FMV X 1 110552 FMV X 14 248177 FMV X Car Dealer Credits 45 730000 FMV X AIRLINE SERVICES 12 194329 FMV X FURNITURE/EQUIPMENT/SVCS 3 101782 FMV false true true FORM 990, SCH M, QUESTION 32A USE OF THIRD PARTIES THE EDUCATIONAL FOUNDATION, INC. USES THIRD PARTY STOCK BROKERS TO PROCESS NON-CASH PUBLICLY-TRADED STOCK CONTRIBUTIONS. ADDITIONALLY, THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL PROCESSES GIFTS OF REAL PROPERTY AND GIFTS OF COMPLEX BUSINESS INTERESTS DESIGNATED FOR THE EDUCATIONAL FOUNDATION, INC. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OF THE ORGANIZATION MEMBERSHIP IN THE FOUNDATION SHALL CONSIST OF NATURAL PERSONS OR AUTHORIZED LEGAL ENTITIES WHO MAKE FINANCIAL CONTRIBUTIONS TO THE FOUNDATION AND SUBSCRIBE TO THE PURPOSES AND OBJECTIVES OF THE FOUNDATION. A CORPORATION, PARTNERSHIP OR AUTHORIZED LEGAL ENTITY OTHER THAN A NATURAL PERSON WHO MAKES FINANCIAL CONTRIBUTIONS TO THE FOUNDATION MUST DESIGNATE A NATURAL PERSON OR NATURAL PERSONS AS A MEMBER OR MEMBERS. CONTRIBUTIONS TO THE FOUNDATION SHALL BE OPEN TO ALL PERSONS INTERESTED IN THE AFFAIRS OF THE FOUNDATION REGARDLESS OF RACE, CREED, COLOR, OR RELIGIOUS BELIEFS. FORM 990, PART VI, LINE 11B BOARD REVIEW OF FORM 990 DURING MAY OF 2018, MANAGEMENT DISTRIBUTED A DRAFT OF THE 2016 FORM 990 TO THE AUDIT COMMITTEE AND GAVE THE MEMBERS AN OPPORTUNITY TO PROVIDE COMMENTS AND ASK QUESTIONS WITH RESPECT TO THE DRAFT. BASED ON FEEDBACK PROVIDED FROM THE AUDIT COMMITTEE, MANAGEMENT UPDATED THE DRAFT FORM 990. PRIOR TO FINALIZATION OF THE RETURN, MANAGEMENT PROVIDED A FINALIZED DRAFT, VIA E-MAIL, TO ALL MEMBERS OF THE EXECUTIVE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, QUESTION 12C CONFLICT OF INTEREST POLICY THE EDUCATIONAL FOUNDATION, INC. HAS A CONFLICT OF INTEREST POLICY. IT IS THE RESPONSIBILITY OF EACH BOARD MEMBER TO ANNUALLY NOTIFY THE FOUNDATION OF ANY POTENTIAL CONFLICTS. THE ORGANIZATION'S ANNUAL NOTIFICATION PROCESS SERVES AS ITS PROCESS FOR MONITORING POTENTIAL CONFLICTS. FORM 990, PART VI, SECTION B, QUESTION 15 COMPENSATION REVIEW THE EDUCATION FOUNDATION, INC.'S BOARD OF DIRECTORS DESIGNATED THE COMPENSATION COMMITTEE TO BE RESPONSIBLE FOR ESTABLISHING COMPENSATION PRACTICES WHICH ARE REASONABLE AND DO NOT VIOLATE THE PRIVATE INUREMENT PROHIBITION. THE PRACTICES AND PROCESSES ARE DESIGNED TO AVOID ANY CLAIM FOR INTERMEDIATE SANCTIONS AND TO SATISFY THE REQUIREMENTS TO OBTAIN THE REBUTTABLE PRESUMPTION. THE COMPENSATION COMMITTEE REVIEWS OUTSIDE, INDEPENDENT DATA TO ESTABLISH THE COMPENSATION OF OUR OFFICERS OTHER THAN THE CEO. THE BOARD OF DIRECTORS REVIEW AND SET FORTH THE COMPENSATION FOR THE CEO USING THE SAME PROCESS AS THE COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, QUESTION 19 GOVERNING DOCUMENTS THE EDUCATION FOUNDATION, INC. DOES NOT MAKE ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, OR ITS CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. THE ORGANIZATION'S FORM 990 IS PUBLICLY AVAILABLE UPON REQUEST. THE EDUCATIONAL FOUNDATION SCHOLARSHIP 450 SKIPPER BOWLES DRIVE CHAPEL HILL NC 27599 566094839 SUPPORTING OR NC 501(C)(3) 11 NA true CHARITABLE REMAINDER UNITRUSTS (4) 450 SKIPPER BOWLES DRIVE CHAPEL HILL NC 27599 CHAR TRUST NC NA Trust false false true false false false false false false false false false false true true false false false false THE EDUCATIONAL FDN SCHOLARSHIP END TRUST C 10412722 FMV