UNIVERSITY OF NORTH CAROLINA AT CHARLOTTE INVESTMENT FUND: Form 990, tax year 2012
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- Organization
- UNIVERSITY OF NORTH CAROLINA AT CHARLOTTE INVESTMENT FUND (EIN 56-2276950)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2014-05-14
- IRS object ID
- 201401349349301535
- Schema version
- 2012v2.1
- 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) |
|---|---|---|
| Timestamp | 2014-05-14T11:48:04-05:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 420714325 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MCGLADREY LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| 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 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 562276950 | EIN |
Name Name
| 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) |
|---|---|---|
| Name Control | UNIV | NameControl |
| Phone | 7046875806 | Phone |
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 |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | ELIZABETH HARDIN | Name |
| Title | TREASURER | Title |
| Phone | 7046875806 | Phone |
| Date Signed | 2014-05-13 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | ADRIENNE MCKINNEY | Name |
| PTIN | P00819656 | PTIN |
| Phone | 3362724551 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | RUSSELL ROBINSON II | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9201 UNIVERSITY CITY BOULEVARD | AddressLine1 |
| Address Line2 | REESE NO 41 | AddressLine2 |
| City | CHARLOTTE | City |
| State | NC | State |
| ZIP Code | 282230001 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 5725180 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | N/A | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2004 | YearFormation |
| State Legal Domicile | NC | StateLegalDomicile |
| Activity Or Mission Description | 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. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 7 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 5 | NbrIndependentVotingMembers |
| Total Nbr Employees | 0 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 21113 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 1711723 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 5455949 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 69254 | InvestmentIncomePriorYear |
| Investment Income Current Year | 74230 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 1780977 | TotalRevenuePriorYear |
| Total Revenue Current Year | 5530179 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 0 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 0 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 752093 | OtherExpensePriorYear |
| Other Expenses Current Year | 6540956 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 752093 | TotalExpensesPriorYear |
| Total Expenses Current Year | 6540956 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 1028884 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -1010777 | RevenuesLessExpensesCY |
| Total Assets BOY | 123785575 | TotalAssetsBOY |
| Total Assets EOY | 136684611 | TotalAssetsEOY |
| Total Liabilities BOY | 123785575 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 0 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 136684611 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | 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. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 6540956 | Expense |
| Revenue | 5455949 | Revenue |
| Description | UNC CHARLOTTE INVESTMENT FUND EXPENDS FUNDS TO MANAGE AND OVERSEE OPERATIONS FOR ALL INVESTMENT-RELATED EXPENSES. | Description |
| Total Program Service Expense | 6540956 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 0 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 1 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 2 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 0 | NumberOfEmployees |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 7 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 5 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 0 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JANE JOHANSEN | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 7046875432 | TelephoneNumber |
Address US AddressUS
| 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 | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (7 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| ELIZABETH HARDIN | ||||||
| TREASURER | 2.00 | X | X | 0 | 215588 | 39777 |
| DR PHILLIP DUBOIS | ||||||
| CHANCELLOR/EX-OFFICIO TRUSTEE | 2.00 | X | X | 0 | 318404 | 54829 |
| KEVIN BROWN | ||||||
| INDIVIDUAL TRUSTEE | 2.00 | X | 0 | 0 | 0 | |
| EUGENE B JOHNSON | ||||||
| INDIVIDUAL TRUSTEE | 2.00 | X | 0 | 0 | 0 | |
| RUSSELL M ROBINSON II | ||||||
| CHARIMAN | 2.00 | X | 0 | 0 | 0 | |
| MICHAEL K SHIELDS | ||||||
| INDIVIDUAL TRUSTEE | 2.00 | X | 0 | 0 | 0 | |
| DIMITRI TRIANTAFYLLIDES | ||||||
| INDIVIDUAL TRUSTEE | 2.00 | X | 0 | 0 | 0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 0 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 533992 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 94606 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | PARTICIPANT ADDITIONS | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 5455949 | TotalRevenueColumn |
| Related Or Exempt Function Income | 5455949 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 5455949 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3135 | TotalRevenueColumn |
| Exclusion | $3,135 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 266096 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 195001 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 71095 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 71095 | TotalRevenueColumn |
| Exclusion | $71,095 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 5530179 | TotalRevenueColumn |
| Related Or Exempt Function Income | 5455949 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $74,230 | ExclusionAmount |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 848359 | Total |
| Program Services | 848359 | ProgramServices |
Other Expenses OtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | DISTRIBUTIONS TO MEMBER | Description |
| Total | 5692597 | Total |
| Program Services | 5692597 | ProgramServices |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6540956 | Total |
| Program Services | 6540956 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7822124 | BOY |
| EOY | 4983673 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 131700938 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 115963451 | BOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 123785575 | BOY |
| EOY | 136684611 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 69183 | BOY |
| EOY | 0 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 123716392 | BOY |
| EOY | 0 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 123785575 | BOY |
| EOY | 0 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 136684611 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 136684611 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 123785575 | BOY |
| EOY | 136684611 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -1010777 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 13978997 | ReconciliationUnrealizedInvest |
| Reconcilation Other Changes | 123716391 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Both | X | FinancialStatementBoth |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | X | SupportingOrganization509a3 |
| Supporting Org509a3 Type1 | X | SupportingOrg509a3Type1 |
| Contrib By Controlling Individual | 0 | ContribByControllingIndividual |
| Contribution By Related Party | 0 | ContributionByRelatedParty |
| Contrib By35 Controlled Entity | 0 | ContribBy35ControlledEntity |
Supported Org Information SupportedOrgInformation (4 entries)
| EINEIN | Type Of OrganizationTypeOfOrganization | Listed In Governing DocListedInGoverningDoc | AmountAmount |
|---|---|---|---|
| UNC CHARLOTTE | |||
| 560791228 | 2 | 1 | $1,455,640 |
| FOUNDATION OF UNCC | |||
| 566059417 | 5 | 1 | $2,589,170 |
| ATHLETIC FOUNDATION OF UNCC | |||
| 237050570 | 5 | 1 | $276,962 |
| UNIVERSITY RESEARCH PARK | |||
| 581408505 | 501(C)(6) | 0 | $1,370,825 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Number Of Supported Orgs | 4 | TotalNumberOfSupportedOrgs |
| Sum Of Amounts | 5692597 | SumOfAmounts |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 123716392 | BeginningOfYearBalance |
| Contributions | 5455949 | Contributions |
| Investment Earnings Or Losses | 14053226 | InvestmentEarningsOrLosses |
| Other Expenditures | 5692597 | OtherExpenditures |
| Administrative Expenses | 848359 | AdministrativeExpenses |
| End Of Year Balance | 136684611 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 120300415 | BeginningOfYearBalance |
| Contributions | 5891819 | Contributions |
| Investment Earnings Or Losses | 2456347 | InvestmentEarningsOrLosses |
| Other Expenditures | 4180096 | OtherExpenditures |
| Administrative Expenses | 752093 | AdministrativeExpenses |
| End Of Year Balance | 123716392 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 102159366 | BeginningOfYearBalance |
| Contributions | 6312351 | Contributions |
| Investment Earnings Or Losses | 16980797 | InvestmentEarningsOrLosses |
| Other Expenditures | 4198701 | OtherExpenditures |
| Administrative Expenses | 953398 | AdministrativeExpenses |
| End Of Year Balance | 120300415 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 92928711 | BeginningOfYearBalance |
| Contributions | 3900873 | Contributions |
| Investment Earnings Or Losses | 9226527 | InvestmentEarningsOrLosses |
| Other Expenditures | 3209071 | OtherExpenditures |
| Administrative Expenses | 687674 | AdministrativeExpenses |
| End Of Year Balance | 102159366 | EndOfYearBalance |
Current Year Minus4 Years CurrentYearMinus4Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 134521877 | BeginningOfYearBalance |
| Contributions | 2961865 | Contributions |
| Investment Earnings Or Losses | -36449336 | InvestmentEarningsOrLosses |
| Other Expenditures | 7714871 | OtherExpenditures |
| Administrative Expenses | 390824 | AdministrativeExpenses |
| End Of Year Balance | 92928711 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.00000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.00000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 1.00000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
| Total Of Book Value Land Buildings | 0 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (2 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| UNC INVESTMENT FUND, LLC | 63783483 | F |
| GLOBAL ENDOWMENT MANAGEMENT, LP | 67917455 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 131700938 | TotalOfBookValueSecurities |
| Tot Revenue Etc Audited Fincl Stmt | 19509175 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 13978996 | NetUnrealizedGainsInvestments |
| Revenue Not Rptd F990 | 13978996 | RevenueNotRptdF990 |
| Revenue Subtotal | 5530179 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 5530179 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 6540956 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 6540956 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 6540956 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: | Identifier |
| Return Reference | PART V, LINE 4: | ReturnReference |
| 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. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (2 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ELIZABETH HARDIN | ||||||||||||||
| TREASURER | 0 | 215051 | 0 | 0 | 0 | 537 | 0 | 29976 | 0 | 9801 | 0 | 255365 | 0 | 0 |
| DR PHILLIP DUBOIS | ||||||||||||||
| CHANCELLOR/EX-OFFICIO TRUSTEE | 0 | 307276 | 0 | 0 | 0 | 11128 | 0 | 21869 | 0 | 32960 | 0 | 373233 | 0 | 0 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (9 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| 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. UNIVERSITY RESEARCH PARK, INC HAD BEEN A NON-VOTING PARTICIPANT IN THE FUND, BUT WITHDREW ITS MEMBERSHIP DURING THE YEAR. | |
| FORM 990, PART VI, SECTION A, LINE 7A | THE ORGANIZATION HAS FOUR PARTICIPANTS THAT INVEST IN THE POOLED INVESTMENT FUND. 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. | |
| 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 NOTH 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 XI, LINE 9: | PRIOR PERIOD ADJ - SHOWN PRIOR YEAR AS OBLIGATION TO RELATED ENTITIES 123,716,391. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| 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. | ORGANIZATION'S AUDIT COMMITTEE |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (5 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Direct Controlling Entity NADirectControllingEntityNA | Controlled OrgControlledOrg | Public Charity StatusPublicCharityStatus | 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) | 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 | |
| UNIVERSITY RESEARCH PARK INC | |||||||||||
| 9201 UNIVERSITY CITY BLVD | CHARLOTTE | NC | 28223 | 581408505 | SUPPORT UNIVERSITY REGION/ECONOMIC GROWTH | NC | 501(C)(6) | N/A | 0 | ||
| UNCC FACILITIES DEVELOPMENT CORP | |||||||||||
| 9201 UNIVERSITY CITY BLVD | CHARLOTTE | NC | 28223 | 510537391 | UNIVERSITY HOUSING | NC | 501(C)(3) | 1 | LINE 9 | UNCC | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | 0 | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 1 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 1 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 1 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (3 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| THE UNIVERSITY OF NORTH CAROLINA AT CHARLOTTE | ||
| S | 2714003 | FAIR MARKET VALUE |
| THE UNIVERSITY OF NORTH CAROLINA AT CHARLOTTE | ||
| R | 1455640 | FAIR MARKET VALUE |
| UNIVERSITY RESEARCH PARK INC | ||
| R | 1370825 | FAIR MARKET VALUE |
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