UNIVERSITY OF NORTH CAROLINA AT CHARLOTTE INVESTMENT FUND: Form 990, tax year 2013
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- Organization
- UNIVERSITY OF NORTH CAROLINA AT CHARLOTTE INVESTMENT FUND (EIN 56-2276950)
- Tax period
- 2013-07-01 to 2014-06-30
- Filed
- 2015-05-13
- IRS object ID
- 201531339349302153
- Schema version
- 2013v4.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2015-05-13T10:15:34-05:00 | ReturnTs |
| Tax Period End | 2014-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 420714325 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MCGLADREY LLP | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 230 N ELM ST STE 1100 | AddressLine1 |
| City | GREENSBORO | City |
| State | NC | State |
| ZIP Code | 27401 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2013-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 562276950 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE UNIVERSITY OF NORTH CAROLINA AT | BusinessNameLine1 |
| Business Name Line2 | CHARLOTTE INVESTMENT FUND | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | UNIV | BusinessNameControlTxt |
| Phone | 7046875806 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9201 UNIVERSITY CITY BOULEVARD | AddressLine1 |
| Address Line2 | REESE NO 412 | AddressLine2 |
| City | CHARLOTTE | City |
| State | NC | State |
| ZIP Code | 282230001 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JANE JOHANSEN | PersonNm |
| Person Title | TREASURER | PersonTitleTxt |
| Phone | 7046875806 | PhoneNum |
| Signature | 2015-05-07 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ADRIENNE MCKINNEY | PreparerPersonNm |
| PTIN | P00819656 | PTIN |
| Phone | 3362724551 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | RUSSELL ROBINSON II | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9201 UNIVERSITY CITY BOULEVARD | AddressLine1 |
| Address Line2 | REESE NO 4 | AddressLine2 |
| City | CHARLOTTE | City |
| State | NC | State |
| ZIP Code | 282230001 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $5,185,709 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | N/A | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2004 | FormationYr |
| Legal Domicile State | NC | LegalDomicileStateCd |
| Activity Or Mission | THE PRIMARY PURPOSE IS TO ACCEPT FUNDS FROM THE MEMBERS FOR LONG-TERM INVESTMENT AND TO PRODUCE SUFFICIENT INVESTMENT RETURNS TO PROVIDE CURRENT INCOME FOR DISTRIBUTION TO THE MEMBERS TO MEET THEIR CURRENT CHARITABLE, SCIENTIFIC, AND EDUCATIONAL REQUIREMENTS WITH EXCESS INVESMENT RETURNS REINVESTED TO MEET FUTURE NEEDS AND TO DEVELOP AND MONITOR POLICIES AND STRATEGIES TO MAXIMIZE INVESTMENT RETURNS AND MINIMIZE INVESTMENT RISK. | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 5 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $16,897 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $12,663 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $5,455,949 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $4,881,636 | CYProgramServiceRevenueAmt |
| PY Investment Income | $74,230 | PYInvestmentIncomeAmt |
| CY Investment Income | $99,709 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $16,897 | CYOtherRevenueAmt |
| PY Total Revenue | $5,530,179 | PYTotalRevenueAmt |
| CY Total Revenue | $4,998,242 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $0 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $6,540,956 | PYOtherExpensesAmt |
| CY Other Expenses | $5,922,474 | CYOtherExpensesAmt |
| PY Total Expenses | $6,540,956 | PYTotalExpensesAmt |
| CY Total Expenses | $5,922,474 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$1,010,777 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$924,232 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $136,684,611 | TotalAssetsBOYAmt |
| Total Assets EOY | $157,915,731 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $103,019 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $136,684,611 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $157,812,712 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE PRIMARY PURPOSE IS TO ACCEPT FUNDS FROM THE MEMBERS FOR LONG-TERM INVESTMENT AND TO PRODUCE SUFFICIENT INVESTMENT RETURNS TO PROVIDE CURRENT INCOME FOR DISTRIBUTION TO THE MEMBERS TO MEET THEIR CURRENT CHARITABLE, SCIENTIFIC, AND EDUCATIONAL REQUIREMENTS WITH EXCESS INVESTMENT RETURNS REINVESTED TO MEET FUTURE NEEDS AND TO DEVELOP AND MONITOR POLICIES AND STRATEGIES TO MAXIMIZE INVESTMENT RETURNS AND MINIMIZE INVESTMENT RISK. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $5,922,474 | ExpenseAmt |
| Revenue | $4,881,636 | RevenueAmt |
| Desc | UNC CHARLOTTE INVESTMENT FUND EXPENDS FUNDS TO MANAGE AND OVERSEE OPERATIONS FOR ALL INVESTMENT-RELATED EXPENSES. | Desc |
| Total Program Service Expenses | $5,922,474 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | 0 | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | Yes (1) | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 7 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 5 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JANE JOHANSEN | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7046875432 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9201 UNIVERSITY CITY BOULEVARD | AddressLine1 |
| City | CHARLOTTE | City |
| State | NC | State |
| ZIP Code | 282230001 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (7 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| ELIZABETH HARDIN | ||||||
| TREASURER | 2.00 | Yes (X) | Yes (X) | $0 | $226,809 | $43,379 |
| DR PHILLIP DUBOIS | ||||||
| CHANCELLOR/EX-OFFICIO TRUS | 2.00 | Yes (X) | Yes (X) | $0 | $325,924 | $54,812 |
| KEVIN BROWN | ||||||
| INDIVIDUAL TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| EUGENE B JOHNSON | ||||||
| INDIVIDUAL TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| RUSSELL M ROBINSON II | ||||||
| CHARIMAN | 2.00 | Yes (X) | $0 | $0 | $0 | |
| MICHAEL K SHIELDS | ||||||
| INDIVIDUAL TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| DIMITRI TRIANTAFYLLIDES | ||||||
| INDIVIDUAL TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $552,733 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $98,191 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PARTICIPANT ADDITIONS | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $4,881,636 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $4,881,636 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $4,881,636 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,497 | TotalRevenueColumnAmt |
| Exclusion | $1,497 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $285,679 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $187,467 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $98,212 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $98,212 | TotalRevenueColumnAmt |
| Exclusion | $98,212 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UBI FROM PASSTHROUGH | Desc |
| Business | 525990 | BusinessCd |
| Total Revenue Column | $16,897 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $16,897 | UnrelatedBusinessRevenueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $16,897 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,998,242 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $4,881,636 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $16,897 | UnrelatedBusinessRevenueAmt |
| Exclusion | $99,709 | ExclusionAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,168,165 | TotalAmt |
| Program Services | $1,168,165 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DISTRIBUTIONS TO MEMBER | Desc |
| Total | $4,754,309 | TotalAmt |
| Program Services | $4,754,309 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,922,474 | TotalAmt |
| Program Services | $5,922,474 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,983,673 | BOYAmt |
| EOY | $5,010,441 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $131,700,938 | BOYAmt |
| EOY | $152,905,290 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $136,684,611 | BOYAmt |
| EOY | $157,915,731 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $103,019 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $103,019 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $136,684,611 | BOYAmt |
| EOY | $157,812,712 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $136,684,611 | BOYAmt |
| EOY | $157,812,712 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $136,684,611 | BOYAmt |
| EOY | $157,915,731 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$924,232 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $22,052,333 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consol And Sep Basis Fincl Stmt | Yes (X) | ConsolAndSepBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | Yes (X) | SupportingOrganization509a3Ind |
| Supporting Org Type1 | Yes (X) | SupportingOrgType1Ind |
| Contribution Controller | 0 | ContributionControllerInd |
| Contribution Family | 0 | ContributionFamilyInd |
| Contribution35 Controlled | 0 | Contribution35ControlledInd |
Supported Org Information SupportedOrgInformationGrp (3 entries)
| EINEIN | Organization TypeOrganizationTypeDesc | Governing Document ListedGoverningDocumentListedInd | SupportSupportAmt |
|---|---|---|---|
| UNC CHARLOTTE | |||
| 560791228 | 2 | Yes (1) | $1,673,382 |
| FOUNDATION OF UNCC | |||
| 566059417 | 5 | Yes (1) | $2,754,987 |
| ATHLETIC FOUNDATION OF UNCC | |||
| 237050570 | 5 | Yes (1) | $325,940 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supported Organizations Total | 3 | SupportedOrganizationsTotalCnt |
| Support Sum | $4,754,309 | SupportSumAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $136,684,611 | BeginningYearBalanceAmt |
| Contributions | $4,881,636 | ContributionsAmt |
| Investment Earnings Or Losses | $22,168,939 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $4,754,309 | OtherExpendituresAmt |
| Administrative Expenses | $1,168,165 | AdministrativeExpensesAmt |
| End Year Balance | $157,812,712 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $123,716,392 | BeginningYearBalanceAmt |
| Contributions | $5,455,949 | ContributionsAmt |
| Investment Earnings Or Losses | $14,053,226 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $5,692,597 | OtherExpendituresAmt |
| Administrative Expenses | $848,359 | AdministrativeExpensesAmt |
| End Year Balance | $136,684,611 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $120,300,415 | BeginningYearBalanceAmt |
| Contributions | $5,891,819 | ContributionsAmt |
| Investment Earnings Or Losses | $2,456,347 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $4,180,096 | OtherExpendituresAmt |
| Administrative Expenses | $752,093 | AdministrativeExpensesAmt |
| End Year Balance | $123,716,392 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $102,159,366 | BeginningYearBalanceAmt |
| Contributions | $6,312,351 | ContributionsAmt |
| Investment Earnings Or Losses | $16,980,797 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $4,198,701 | OtherExpendituresAmt |
| Administrative Expenses | $953,398 | AdministrativeExpensesAmt |
| End Year Balance | $120,300,415 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $92,928,711 | BeginningYearBalanceAmt |
| Contributions | $3,900,873 | ContributionsAmt |
| Investment Earnings Or Losses | $9,226,527 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $3,209,071 | OtherExpendituresAmt |
| Administrative Expenses | $687,674 | AdministrativeExpensesAmt |
| End Year Balance | $102,159,366 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.00000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.00000 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 1.00000 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (2 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| GLOBAL ENDOWMENT MANAGEMENT, LP | $79,305,177 | F |
| UNC INVESTMENT FUND, LLC | $73,600,113 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $152,905,290 | TotalBookValueSecuritiesAmt |
| Total Rev Etc Audited Fincl Stmt | $27,050,575 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $22,052,333 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | $22,052,333 | RevenueNotReportedAmt |
| Revenue Subtotal | $4,998,242 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $4,998,242 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $5,922,474 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $5,922,474 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $5,922,474 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART V, LINE 4: | FormAndLineReferenceDesc |
| Explanation | THE ENDOWMENT FUNDS ARE THE SOURCE OF INVESTED CAPITAL OF THE CONTRIBUTING MEMBERS. IT IS THESE FUNDS THAT ARE INVESTED AND MANAGED TO MEET THE SCHOLARHSIP, RESEARCH, AND OTHER EDUCATIONAL NEEDS OF THE MEMBER PARTICIPANTS. ALTHROUGH THE SOURCE OF INVESTMENTS ARE ENDOWED FUNDS HELD BY PARTICIPANTS FOR LONG-TERM INVESTMENT, UNC INVESTEMENT FUND HOLDS NO ENDOWMENTS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ELIZABETH HARDIN | ||||||||||||||
| TREASURER | $0 | $226,182 | $0 | $0 | $0 | $627 | $0 | $33,258 | $0 | $10,121 | $0 | $270,188 | $0 | $0 |
| DR PHILLIP DUBOIS | ||||||||||||||
| CHANCELLOR/EX-OFFICIO TRUS | $0 | $313,496 | $0 | $0 | $0 | $12,428 | $0 | $22,192 | $0 | $32,620 | $0 | $380,736 | $0 | $0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | ARTICLE III OF THE BYLAWS EXPRESSLY NAMES THREE MEMBERS OF THE CORPORATION, AND THOSE ARE THE FOUNDATION OF THE UNIVERSITY OF NORTH CAROLINA AT CHARLOTTE, INC ("FOUNDATION"), THE BOARD OF TRUSTEES OF THE ENDOWMENT OF THE UNIVERSITY OF NORTH CAROLINA AT CHARLOTTE ("ENDOWMENT"), AND THE ATHLETIC FOUNDATION OF THE UNVIERSITY OF NORTH CAROLINA AT CHARLOTTE ("ATHLETIC FOUNDATION"). A RESOLUTION WAS ADOPTED THAT ALLOWS ENTITIES RELATED TO THE MEMBERS TO INVEST IN THE FUND, BUT WITHOUT VOTING RIGHTS. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE ORGANIZATION HAS THREE PARTICIPANTS THAT INVEST IN THE POOLED INVESTMENT FUND. ALL THREE MEMBERS HAVE VOTING RIGHTS. ARTICLE IV OF THE BYLAWS STATES THAT THERE SHALL BE SEVEN DIRECTORS, TWO DIRECTORS APPOINTED BY THE FOUNDATION , ONE DIRECTOR APPOINTED BY THE ENDOWMENT, ONE DIRECTOR APPOINTED BY THE ATHLETIC FOUNDATION AND THREE EX-OFFICIO DIRECTORS - THE CHANCELLOR OF UNC CHARLOTTE, THE CHARIMAN OF THE BOARD OF TRUSTEES OF THE ENDOWMENT OF UNC CHARLOTTE, AND THE VICE CHANCELLOR OF BUSINESS AFFAIRS OF UNC CHARLOTTE. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE INTERNAL REVIEW PROCESS IS COORDINATED AND REVIEWED BY THE UNC CHARLOTTE TREASURY SERVICES DEPARTMENT. AFTER THE TAX RETURN IS RELEASED FROM THE INTERNAL REVIEW PROCESS, THE FORM 990 IS FORWARDED TO THE DESIGNATED OFFICER TO DISTRIBUTE TO EACH BOARD MEMBER OF THE GOVERNING BODY OF THE ORGANIZATION. THE BOARD IS ALLOWED SUFFICIENT TIME TO RESPOND TO THE ORGANIZATION WITH QUESTIONS. ONCE THESE QUESTIONS, IF ANY, ARE ANSWERED, THE TAX RETURN IS RELEASED TO BE SIGNED AND MAILED. THIS PROCESS USES ELECTRONIC FILE TRANSFER FOR THE RETURN WITH QUESTIONS AND ANSWERS COMMUNICATED VIA EMAIL AND/OR TELECONFERENCING. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE ORGANIZATION MAILED QUESTIONNAIRES TO BOARD MEMBERS AS PRESCRIBED FOR FILING THE TAX FORM 990. THE RETURNED DOCUMENTS WERE CONSISTENTLY REVIEWED AND MONITORED TO DETERMINE ANY INSTANCES OF CONFLICTS OF INTEREST. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE ORGANIZATION DOES NOT COMPENSATE DIRECTORS/OFFICERS AND HAS NO EMPLOYEES |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY VARIOUS METHODS. THE ORGANIZATION SERVES THE UNIVERSITY OF NORTH CAROLINA AT CHARLOTTE, WHICH IS SUBJECT TO THE NORTH CAROLINA PUBLIC RECORDS ACT THAT IS ALSO DEEMED APPLICABLE TO THE ORGANIZATION. CONTACT INFORMATION IS PROVIDED FOR INDIVIDUALS REQUESTING THE UNIVERSITY FINANCIAL STATEMENTS. |
| FORM 990, PART VII, SECTION A, COLUMN F | THE ORGANIZATION, IN A FULL TRANSPARENCY POSTURE TO REPORTING, IS REPORTING ALL BENEFITS IN FULL IN COLUMN F, PART VII AND IS NOT APPLYING THE $10,000 PER ITEM EXCEPTION FOR CERTAIN BENEFITS. |
| FORM 990, PART XII, LINE 2C | MEMBERS OF THE ORGANIZATION'S FULL BOARD ACT AS AN 'AUDIT COMMITTEE' AND PROVIDE OVERSIGHT WITH THROROUGH REVIEW OF INVESTMENT ACTIVITY COMPARED TO MARKET FOR EACH QUARTER, AS WELL AS THROUGH REVIEWS OF THE FINANCIAL REPORTING PROCESS FOR THE PREPARATION OF THE ANNUAL FINANCIAL STATEMENT AUDIT. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (4 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Direct Controlling NADirectControllingNACd | Controlled OrganizationControlledOrganizationInd | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| THE UNIVERSITY OF NORTH CAROLINA AT CHARLOTTE | |||||||||||
| 9201 UNIVERSITY CITY BLVD | CHARLOTTE | NC | 28223 | 560791228 | UNIVERSITY | NC | GOVERNMENTAL | N/A | 0 | ||
| THE FOUNDATION OF UNCC INC | |||||||||||
| 9201 UNIVERSITY CITY BLVD | CHARLOTTE | NC | 28223 | 566059417 | UNIVERSITY SUPPORT | NC | 501(C)(3) | Yes (1) | LINE 5 | UNCC | |
| THE ATHLETIC FOUNDATION OF UNCC INC | |||||||||||
| 9201 UNIVERSITY CITY BLVD | CHARLOTTE | NC | 28223 | 237050570 | UNIVERSITY SUPPORT | NC | 501(C)(3) | N/A | 0 | LINE 5 | |
| UNCC FACILITIES DEVELOPMENT CORP | |||||||||||
| 9201 UNIVERSITY CITY BLVD | CHARLOTTE | NC | 28223 | 510537391 | UNIVERSITY HOUSING | NC | 501(C)(3) | Yes (1) | LINE 9 | UNCC | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (1) | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (1) | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (6 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| THE UNIVERSITY OF NORTH CAROLINA AT CHARLOTTE | ||
| S | $2,637,938 | FAIR MARKET VALUE |
| THE UNIVERSITY OF NORTH CAROLINA AT CHARLOTTE | ||
| R | $1,673,382 | FAIR MARKET VALUE |
| THE FOUNDATION OF UNC CHARLOTTE | ||
| S | $1,987,087 | FAIR MARKET VALUE |
| THE FOUNDATION OF UNC CHARLOTTE | ||
| R | $2,754,987 | FAIR MARKET VALUE |
| THE ATHLETIC FOUNDATION OF UNC CHARLOTTE | ||
| S | $256,611 | FAIR MARKET VALUE |
| THE ATHLETIC FOUNDATION OF UNC CHARLOTTE | ||
| R | $325,940 | FAIR MARKET VALUE |
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