2018-03-08T14:57:42-06:00 2017-06-30 420714325 RSM US LLP 230 N ELM ST STE 1100 GREENSBORO NC 27401 990 2016-07-01 566001394 UNIVERSITY OF NORTH CAROLINA PRESS INC UNIV 9199663561 116 S BOUNDARY STREET CHAPEL HILL NC 27514 ROBERT DIRCKS JR CFO 9199663561 2018-03-08 1 YONG ZHANG P01249785 3362724551 108.171.131.171 2018-03-08 15:57:29 ES P 68E3BE8F27530CB92DCBE14CB09CA2C152DDBB4C 68E3BE8F27530CB92DCBE14CB09CA2C152DDBB4C 2016 2021-01-29 14:40:06Z JOHN E SHERER 116 S BOUNDARY STREET CHAPEL HILL NC 27514 6195335 0 X UNCPRESS.UNC.EDU X 1922 NC TO PROMOTE THE ADVANCEMENT OF ARTS AND SCIENCES AND DEVELOPMENT OF LITERATURE THROUGH THE PUBLISHING OF DESERVING WORKS. 19 17 50 17 0 0 1056919 947661 353067 345603 543533 92087 2988826 3052599 4942345 4437950 308650 260772 0 0 2865153 2816358 0 0 154945 1871044 2207435 5044847 5284565 -102502 -846615 22600103 23719457 2656443 2523162 19943660 21196295 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 3586381 260772 3366067 PUBLISHING OF SCHOLARLY BOOKS TO PROMOTE THE ADVANCEMENT OF ARTS AND SCIENCES. 3586381 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 0 0 0 0 0 1 1 1 0 0 1 1301 0 1 50 1 0 0 0 0 0 0 0 0 0 0 X 19 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X ROBERT DIRCKS JR 9199621400 116 S BOUNDARY STREET CHAPEL HILL NC 27514 ERIC MULLER CHAIR 1.00 X X 0 0 0 W FITZHUGH BRUNDAGE VICE CHAIR 1.00 X X 0 0 0 LINDA KAY HANDLEY-BOWDOIN MEMBER 1.00 X 0 0 0 INGER SB BRODEY MEMBER 1.00 X 0 0 0 LEE A CRAIG 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 MATT FAJACK MEMBER 1.00 X 0 0 0 JAMES H JOHNSON JR MEMBER 1.00 X 0 0 0 LISA LEVENSTEIN MEMBER 1.00 X 0 0 0 JOHN C O'HARA JR MEMBER 1.00 X 0 0 0 IRENE OWENS MEMBER 1.00 X 0 0 0 MATT Z RASCOFF EX-OFFICIO 1.00 X 0 0 0 LARS SCHOULTZ MEMBER 1.00 X 0 0 0 TIMOTHY J SMITH MEMBER 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 JOHN SHERER DIRECTOR 38.00 1.00 X X 183225 0 46330 ROBERT DIRCKS JR CFO & ASSOC DIRECTOR 38.00 1.00 X X 144451 0 30514 DINO A BATTISTA ASSISTANT DIRECTOR MARKETI 38.00 X 108298 0 29406 CHARLES GRENCH EXECUTIVE EDITOR 38.00 X 106622 0 26388 542596 0 132638 4 0 1 0 LONGLEAF SERVICES INC 116 S BOUNDARY ST CHAPEL HILL NC 27514 FULFILLMENT SERVICES 1160366 THOMSON SHORE 300 WEST JOY ROAD DEXTER MI 48130 PRINTING 586103 MAPLE PRESS CO PO BOX 2695 YORK PA 17405 PRINTING 136137 LIGHTNING SOURCE 1246 HEIL QUAKER BLVD LA VERGNE TN 37086 PRINTING 125067 4 518500 429161 947661 COMMISSION 511190 211276 211276 SUBSIDIARY RIGHTS AND PUBLICATION 511190 134327 134327 345603 92087 92087 4777849 1757385 3020464 3020464 OTHER INCOME 900099 32135 32135 32135 4437950 3366067 0 124222 260772 260772 404520 404520 1818786 1075019 658659 85108 272117 169988 102129 165300 115547 44078 5675 155635 103583 45805 6247 28723 28723 91892 91892 36008 36008 158707 158707 187198 129512 57686 174619 174619 68761 68761 63790 38800 23366 1624 82491 82491 39441 39441 21591 21591 LONGLEAF FEES 696545 696545 FREELANCE 124488 124488 RIGHTS 100405 100405 SELLING EXPENSES 75255 75255 257521 151154 50076 56291 5284565 3586381 1543239 154945 2243317 1853793 476689 476883 593531 659789 494409 511256 1282900 989514 10125 293386 785000 665000 16830877 18374328 1166155 885022 22600103 23719457 148614 649521 709503 460560 1798326 1413081 2656443 2523162 X 3691327 3647976 10152520 11395305 6099813 6153014 19943660 21196295 22600103 23719457 X -846615 2014666 84584 X X 0 1 X 1 0 X 821565 911523 753250 1056919 947661 4490918 821565 911523 753250 1056919 947661 4490918 547696 3943222 136 219 250 276 92087 92968 32135 32135 4616021 25732454 0.85420 0.84720 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2016 AMOUNT: $ 32,135. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16252333 53201 1907785 665000 17548319 17399781 31071 -393519 785000 16252333 16600583 39519 1484679 725000 17399781 14945776 67675 2267132 680000 16600583 13662589 301275 1626912 645000 14945776 0.35060 0.64940 0 0 685088 626227 58861 597812 363287 234525 293386 UNC INVESTMENT FUND 18374328 F 18374328 SUBSIDIES ON UNCOMPLETED BOOKS 135922 INVESTMENT DEFICIT IN LONGLEAF SERVICES, INC 65455 DUE TO UNIVERSITY PERIODICALS 961721 OTHER CURRENT LIABILITIES 3000 ROYALTIES & COMMISSIONS PAYABLE 45878 ACCRUED VACATION 201105 1413081 X 8202693 2014666 1841969 3856635 4346058 91892 91892 4437950 6950058 1757385 1757385 5192673 91892 91892 5284565 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: COST OF GOODS SOLD 1,757,385. EQUITY IN GAIN FROM LONGLEAF SERVICES 84,584. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,757,385. EUROPE (INCLUDING ICELAND & GREENLAND) PROGRAM SERVICES CONSIGNMENT SALES EAST ASIA AND THE PACIFIC PROGRAM SERVICES CONSIGNMENT SALES CENTRAL AMERICA AND THE CARIBBEAN PROGRAM SERVICES CONSIGNMENT SALES 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 LONGLEAF SERVICES INC 116 S BOUNDARY STREET CHAPEL HILL NC 27514 743155150 501(C)(3) 260772 SUPPORT 1 0 PART I, LINE 2: UNC PRESS ENSURES THAT LONGLEAF SERVICES USES GRANT FUNDS TO FURTHER THEIR EXEMPT PURPOSE, SUPPORTING THE UNIVERSITY OF NORTH CAROLINA. X X 0 0 0 0 0 0 0 0 0 JOHN SHERER DIRECTOR 182949 0 0 0 276 0 30412 0 15918 0 229555 0 0 0 ROBERT DIRCKS JR CFO & ASSOC DIRECTOR 144451 0 0 0 0 0 23026 0 7488 0 174965 0 0 0 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 84,584. 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 - CHAPEL HILL 174 COUNTRY CLUB ROAD CHAPEL HILL NC 27599 566001393 UNC PRESS IS LOCATED ON UNC CAMPUS AND UNC ELECTS A MAJORITY OF THE BOARD NC 501(C)(3) LINE 6 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 LONGLEAF SERVICES INC B 260772 FAIR MARKET VALUE LONGLEAF SERVICES INC M 808185 FAIR MARKET VALUE LONGLEAF SERVICES INC Q 382705 FAIR MARKET VALUE