2013-05-14T12:54:31-05:00 2012-06-30 561434747 GREERWALKER LLP 227 WEST TRADE ST SUITE 1100 CHARLOTTE NC 28202 990 2011-07-01 237050570 THE ATHLETIC FOUNDATION OF THE UNIVERSITY OF NORTH CAROLINA AT CHARLOTT ATHL 7046875806 9201 UNIVERSITY CITY BLVD REESE NO 412 CHARLOTTE NC 282230001 SUSAN BROOKS 7046875806 2013-05-13 1 PAULA P TILLEY P00051456 7043770239 2013-05-13 2011 2016-02-24 21:20:13Z MICHAEL HUMMER 9201 UNIVERSITY CITY BLVD REESE NO 412 CHARLOTTE NC 282230001 4303784 0 X N/A X 1969 NC THE MISSION IS TO ASSIST THE UNIVERSITY OF NORTH CAROLINA AT CHARLOTTE IN ITS GENERAL ATHLETIC PROGRAMS BY PROVIDING FINANCIAL AID TO STUDENT ATHLETES AND TO PROVIDE OTHER SUCH AID TO IMPROVE ATHLETIC FACILITIES AND FURTHER ATHLETIC OPERATIONS AND PROGRAMS. 37 31 0 0 0 0 4781562 3958194 0 248330 66555 -143162 12836 -445807 4860953 3617555 1610122 2624114 0 0 0 0 0 0 366079 1084673 875201 2694795 3499315 2166158 118240 20322235 20566126 38433 31304 20283802 20534822 THE MISSION IS TO ASSIST THE UNIVERSITY OF NORTH CAROLINA AT CHARLOTTE IN ITS GENERAL ATHLETIC PROGRAMS BY PROVIDING FINANCIAL AID TO STUDENT ATHLETES AND TO PROVIDE OTHER SUCH AID TO IMPROVE ATHLETIC FACILITIES AND FURTHER ATHLETIC OPERATIONS AND PROGRAMS. 0 0 2306247 248330 DISBURSEMENTS TO UNC CHARLOTTE TO ENHANCE ACADEMIC AND ATHLETIC PROGRAMS INCLUDING CAPITAL PROJECTS. DISBURSEMENTS INCLUDED $1,950,000 FOR NEW TENNIS FACILITY AND $340,412 OF SUPPORT OF THE FOOTBALL INITIATIVE. 700229 SUPPORT TO UNC CHARLOTTE TO PROVIDE FUNDS FOR ATHLETIC DEPARTMENTAL OPERATIONS, SCHOLARSHIPS, OTHER FINANCIAL AID AND ADMINISTRATION OF ATHLETIC PROGRAMS INCLUDING MENS AND WOMENS BASKETBALL, MEN AND WOMENS SOCCER, BASEBALL, SOFTBALL, VOLLEYBALL AND CHEERLEADING. 3006476 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 X 16 0 0 0 0 0 0 0 1 1 0 0 0 0 X 37 31 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X X SHEILA HAMM 7046875806 9201 UNIVERSITY CITY BLVD REESE 412 CHARLOTTE NC 282230001 JUDY ROSE 1.00 X 0 234720 26773 PAULA GOOLKASIAN 1.00 X 0 105200 429 DAVE CRAVEN 1.00 X 0 0 0 ELIZABETH BARNHARDT 1.00 X 0 0 0 SADLER BARNHARDT 1.00 X 0 0 0 GLEN BECKWORTH 1.00 X 0 0 0 KEVIN BROWN 1.00 X 0 0 0 JERMAINE BURNS 1.00 X 0 0 0 DENNIS CHAMPION 1.00 X 0 0 0 ELLISON CLARY 1.00 X 0 0 0 MARK DOUGHTON 1.00 X 0 0 0 LEE FITE 1.00 X 0 0 0 TIMOTHY FITZ 1.00 X 0 0 0 DAVID GAY 1.00 X 0 0 0 LARRY GRIFFIN 1.00 X 0 0 0 JOE HANEL 1.00 X 0 0 0 HECTOR HENRY MD 1.00 X 0 0 0 JR HILDRETH 1.00 X 0 0 0 TRACEY HILL 1.00 X 0 0 0 ERIC JENKINS 1.00 X 0 0 0 AL LENTZ 1.00 X 0 0 0 KRISTA LONG 1.00 X 0 0 0 BOB MAROLF 1.00 X 0 0 0 PAT PALMQUIST 1.00 X 0 0 0 JACOB PHARES 1.00 X 0 0 0 TOM PHILLIPS 1.00 X 0 0 0 GREG PRICE 1.00 X 0 0 0 DARRIN RANKIN 1.00 X 0 0 0 CHARLES ROYAL 1.00 X 0 0 0 DAVID STANFORD 1.00 X 0 0 0 NEIL STIKELEATHER 1.00 X 0 0 0 JED THOMAS 1.00 X 0 0 0 DAN VAN DYKE 1.00 X 0 0 0 WILLIAM G WHITTAKER 1.00 X 0 0 0 CAMERON WILKINSON 1.00 X 0 0 0 ELIZABETH HARDIN 1.00 X 0 204633 24516 NILES SORENSON 1.00 X 0 201418 25869 MICHAEL HUMMER 1.00 X 0 88605 9925 0 834576 87512 0 0 1 0 CHARTWELLS DINING SERVICE 9201 UNIVERSITY BLVD CHARLOTTE NC 28223 CATERING 201912 1 897920 3060274 636128 3958194 PREFERRED SEAT LICENSE 711300 248330 248330 248330 24312 24312 14514 11461 170527 3053 -170527 -167474 -167474 39150 897920 504241 -465091 -465091 MISCELLANEOUS INCOME 900099 19284 19284 19284 3617555 248330 0 -588969 2624114 2624114 10000 10000 92130 73925 18205 346655 23515 39071 284069 143982 18900 44307 80775 250 250 38386 36902 249 1235 8993 8993 11299 11299 28553 22618 5935 ATHLETIC DEPARTMENT 149786 149786 CAPITAL PROJECTS 45167 45167 3499315 3006476 126760 366079 4168412 8601059 4802279 81630 5003679 88920 5046 2778 1699 395460 22598 384161 372862 6833854 10024878 245295 271809 20322235 20566126 38433 31304 38433 31304 X 5312728 2128529 8965961 9142316 6005113 9263977 20283802 20534822 20322235 20566126 X 118240 132780 X X 0 1 1 X 0 X 896197 1672898 2690757 1621561 3997344 10878757 896197 1672898 2690757 1621561 3997344 10878757 1649123 9229634 535539 269546 6996 66555 24312 902948 -445807 -445807 11335898 248330 0.81420 0.81870 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8268147 3293699 74642 248630 11387858 7391125 14198 998588 81041 54723 8268147 7097812 6327 56092 7146 233026 39934 7391125 9509065 69249 -2452425 28077 7097812 0.32000 0.68000 0 1 1 395460 22598 372862 372862 EXTERNAL INVESTMENT POOL 10024878 F 10024878 3617555 3499315 118240 132780 132780 251020 4254576 132780 504241 637021 3617555 0 3617555 4003556 504241 504241 3499315 0 3499315 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: ENDOWMENTS ARE USED TO SUPPORT ATHLETIC SCHOLARSHIPS, ATHLETIC FACILITIES AND ATHLETIC PROGRAMS AND OPERATIONS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE FOUNDATION IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FOUNDATION RECORDS LIABILITIES FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN WHEN THOSE POSITIONS ARE DEEMED UNCERTAIN TO BE UPHELD IN AN EXAMINATION BY TAXING AUTHORITIES. AS OF JUNE 30, 2012, THE TAX YEARS ENDED JUNE 30, 2009 THROUGH 2012 WERE OPEN FOR POTENTIAL EXAMINATION BY TAXING AUTHORITIES. NO LIABILITIES FOR UNCERTAIN INCOME TAX POSITIONS WERE RECORDED AS OF JUNE 30, 2012 AND JUNE 30, 2011. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE INCLUDED ON FORM 990 PART VIII 504,241. PART XIII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE INCLUDED ON FORM 990 PART VIII 504,241. AUCTION 571504 538354 33150 65683 343356 GOLF TOURNAMENT 226761 220761 6000 65020 30182 1 138805 138805 937070 897920 39150 130703 373538 504241 -465091 1 THE UNIVERSITY OF NORTH CAROLINA AT CHARLOTTE 9201 UNIVERSITY CITY BLVD CHARLOTTE NC 28223 560791228 501(C)(3) 2404604 219510 FMV PROVIDED TRAINING EQUIPMENT FOR NEW ATHLETIC FACILITIES 1 0 0 0 0 0 0 0 0 0 0 JUDY ROSE 0 234720 0 0 0 0 0 26773 0 0 0 261493 0 0 ELIZABETH HARDIN 0 204633 0 0 0 0 0 24516 0 0 0 229149 0 0 NILES SORENSON 0 201418 0 0 0 0 0 14374 0 11495 0 227287 0 0 X 4 16000 FMV X 12 133026 FMV X OFFICE SUPPLIES 4 10894 RETAIL X AUCTION ITEMS 108 300176 RETAIL X GULF - FUNDRAISER 3 57515 RETAIL X SPORTING EVENT - OTHER 24 118518 RETAIL 0 1 0 EXPLANATION FOR NOT FILING FORM 990-T FORM 990, PART V, LINE 3B ALTHOUGH THE ORGANIZATION IS SUBJECT TO REPORT UNRELATED BUSINESS INCOME, THE ORGANIZATION DID NOT HAVE INCOME RECEIPTS FROM AN UNRELATED TRADE OR BUSINESS DURING THIS PERIOD. FORM 990, PART VI, SECTION B, LINE 11 THE INTERNAL REVIEW PROCESS IS COORDINATED AND REVIEWED BY TREASURY SERVICES. AFTER IT 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 TRANSFERS FOR THE RETURN WITH QUESTIONS AND ANSWERS EXCHANGED BETWEEN THE FULL BOARD VIA EMAIL AND/OR TELECONFERENCING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MAILED QUESTIONNAIRES TO BOARD MEMBERS AND THE RETURNED DOCUMENTS WERE REVIEWED BY THE ORGANIZATION TO DETERMINE ANY INSTANCES OF A CONFLICT OF INTEREST. A FORMAL POLICY HAS BEEN APPROVED. THERE ARE NO PAID EMPLOYEES IN THE ORGANIZATION. HOWEVER, ANY COMPENSATION OF ORGANIZATION EMPLOYEES WOULD HAVE TO BE APPROVED BY THE BOARD. 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 AUDITED FINANCIAL STATEMENTS FOR THE ATHLETIC FOUNDATION ARE SEPARATELY PRESENTED AND ARE PROVIDED UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 132,780. FORM 990, PART XII, LINE 2C: THE ATHLETIC FOUNDATION AUDIT COMMITTEE HAS THE RESPONSIBILITY FOR RETAINING INDEPENDENT ACCOUNTANTS TO AUDIT THE ANNUAL FINANCIAL STATEMENTS AND TO OVERSEE THAT THE AUDIT IS IN ACCORDANCE WITH THE RECOGNIZED PROFESSIONAL STANDARDS. THE AUDIT FIRM SELECTION PROCESS FOLLOWS THE GUIDANCE OF THE NORTH CAROLINA GENERAL STATUTE 147-64.7(A)(B)(2) THAT ESTABLISHES GUIDELINES FOR AUDITING SERVICES FOR THE UNIVERSITY OF NORTH CAROLINA AT CHARLOTTE. CONSIDERATION IS GIVEN TO A FIRM'S EXPERIENCE, TENURE OF BUSINESS, STAFF SUPPORT, PEER REVIEW, RECOMMENDATIONS FROM CLIENTS, IF AVAILABLE, AS WELL AS COST. THE FINANCIAL STATEMENTS ARE PREPARED BY THE OFFICE OF TREASURY SERVICES, AUDITED BY AN INDEPENDENT FIRM AND ARE REVIEWED BY THE AUDIT COMMITTEE. THE FINANCIAL STATEMENTS ARE PROVIDED TO THE BOARD OF DIRECTORS, FOUNDATION AND UNIVERSITY MANAGEMENT, THE UNIVERSITY INTERNAL AUDIT DEPARTMENT, AS WELL AS THE GENERAL ADMINISTRATION OF THE UNIVERSITY OF NORTH CAROLINA. THE UNIVERSITY OF NORTH CAROLINA AT CHARLOTTE 9201 UNIVERSITY CITY BLVD CHARLOTTE NC 28223 560791228 SEE PART VII: SUPPLEMENTAL INFORMATION NC 501(C)(3) LINE 6 N/A 0 THE UNIVERSITY OF NORTH CAROLINA AT CHARLOTTE INVESTMENT FUND 9201 UNIVERSITY CITY BLVD REESE 412 CHARLOTTE NC 28223 562276950 LONG TERM INVESTMENTS NC 501(C)(3) LINE 11A, I N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 UNIVERSITY OF NORTH CAROLINA AT CHARLOTTE B 2624114 AUDITED FINANCIALS UNIVERSITY OF NORTH CAROLINA AT CHARLOTTE Q 121130 AUDITED FINANCIALS UNCC INVESTMENT FUND INC Q 3353701 AUDITED FINANCIALS UNCC INVESTMENT FUND INC R 257834 AUDITED FINANCIALS PRIMARY ACTIVITY - THE UNIVERSITY OF NORTH CAROLINA AT CHARLOTTE: SCHEDULE R, PART II, COLUMN B: UNC CHARLOTTE IS AN URBAN RESEARCH INSTITUTION WITH MORE THAN 25,000 STUDENTS ON A 1,000 ACRE CAMPUS. UNC CHARLOTTE IS COMMITTED TO RESEARCH AND HIGH STANDARD OF ACADEMIC ACHIEVEMENT, EXTABLISHING PARTNERSHIPS AND ENCURAGING ACADEMIN DISCOVERY TO PROVIDE STUDENTS WITH SUPERIOR SKILLS TO ACHIEVE THEIR INTELLECTUAL, PROFESSIONAL, AND LIFE GOALS.