EDUCATIONAL FOUNDATION INC: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- EDUCATIONAL FOUNDATION INC (EIN 56-6058412)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-04-12
- IRS object ID
- 201341029349300404
- Schema version
- 2011v1.5
- 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
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule G
- Schedule I
- Schedule J
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-04-12T08:01:58-05:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KPMG LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 300 North Greene Street Suite 400 | 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 | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 566058412 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE EDUCATIONAL FOUNDATION INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of Name | % DIANE S ALDRIDGE | InCareOfName |
| Name Control | EDUC | NameControl |
| Phone | 9198432000 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 450 SKIPPER BOWLES DRIVE | AddressLine1 |
| City | CHAPEL HILL | City |
| State | NC | State |
| ZIP Code | 27599 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DIANE S ALDRIDGE | Name |
| Title | DIRECTOR OF FINANCE | Title |
| Date Signed | 2013-04-10 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3362753394 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | DIANE S ALDRIDGE | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 450 SKIPPER BOWLES DRIVE | AddressLine1 |
| City | CHAPEL HILL | City |
| State | NC | State |
| ZIP Code | 27599 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 35574951 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.ramsclub.com | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1938 | YearFormation |
| State Legal Domicile | NC | StateLegalDomicile |
| Activity Or Mission Description | THE CORPORATION OPERATES SOLELY TO ASSIST THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL IN PROVIDING FINANCIAL ASSISTANCE TO STUDENTS AND PROGRAMS AT THE UNIVERSITY. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 21 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 21 | NbrIndependentVotingMembers |
| Total Nbr Employees | 16 | TotalNbrEmployees |
| Total Nbr Volunteers | 200 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 41532452 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 33956252 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 0 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 1524956 | InvestmentIncomePriorYear |
| Investment Income Current Year | 1607554 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | -5540 | OtherRevenuePriorYear |
| Other Revenue Current Year | -5348 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 43051868 | TotalRevenuePriorYear |
| Total Revenue Current Year | 35558458 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 33412089 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 3913410 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 2262313 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 2157211 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 274 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 1975 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 2217487 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 7033287 | OtherExpensePriorYear |
| Other Expenses Current Year | 4463052 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 42707963 | TotalExpensesPriorYear |
| Total Expenses Current Year | 10535648 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 343905 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 25022810 | RevenuesLessExpensesCY |
| Total Assets BOY | 129409607 | TotalAssetsBOY |
| Total Assets EOY | 165948030 | TotalAssetsEOY |
| Total Liabilities BOY | 81385986 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 93929047 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 48023621 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 72018983 | NetAssetsOrFundBalancesEOY |
| Mission Description | "THE EDUCATIONAL FOUNDATION, INC. WAS CHARTERED DECEMBER 7, 1938 TO PROVIDE ASSISTANCE TO THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL FOR THE FOLLOWING: TO OFFER FINANCIAL AID TO WORTHY YOUNG MEN AND WOMEN SEEKING AN EDUCATION AT THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL, TO SUPPORT UNIVERSITY PROGRAMS BY PROVIDING SERVICES AND FUNDS FOR THE CONSTRUCTION OF FACILITIES OR PURCHASE OF EQUIPMENT, AND TO OPERATE AND CARRY OUT ALL OTHER PROGRAMS, ACTIVITIES AND ENDEAVORS FOR CHARITABLE, EDUCATIONAL, LITERARY, RELIGIOUS AND SCIENTIFIC PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1954 AS AMENDED." | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 3225920 | Expense |
| Grants | 1923241 | Grants |
| Description | CONSTRUCTION/RENOVATION OF ATHLETIC FACILITIES: CONSTRUCTION OF $3.6M CLUBHOUSE AT FINLEY GOLF COURSE. RENOVATION OF $8.5M BASKETBALL OFFICES AT THE DEAN E. SMITH CENTER. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 1920867 | Expense |
| Grants | 1269528 | Grants |
| Description | 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 RENOVATIONS OF ATHLETIC FACILITIES, TO PROVIDE ASSISTANCE WITH CONSTRUCTION OF PARKING FACILITIES ON CAMPUS, CONSTRUCTION OF A SPORTS MEDICINE FACILITY, RENOVATIONS TO WRESTLING FACILITIES, AND OTHER VARIOUS FINANCIAL OBLIGATIONS OF THE UNIVERSITY. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 2023320 | Expense |
| Grants | 720641 | Grants |
| Description | CONTRIBUTIONS TO UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL: CONTRIBUTIONS TO UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL TO PROVIDE FINANCIAL ASSISTANCE TO STUDENT ATHLETES | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 7170107 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | true | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | true | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | true | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | true | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | true | RelatedOrgControlledEntity |
| Transaction Related Entity | true | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 43 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 16 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | true | QuidProQuoContributions |
| Quid Pro Quo Disclosure | true | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 21 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 21 | NumberIndependentVotingMembers |
| Family Or Business Relationship | true | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | true | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | DIANE S ALDRIDGE | NamePerson |
| Telephone Number | 9198432000 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 450 SKIPPER BOWLES DRIVE | AddressLine1 |
| City | CHAPEL HILL | City |
| State | NC | State |
| ZIP Code | 27599 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (33 entries)
| TitleTitle | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Average Hours Per WeekAverageHoursPerWeek | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee | FormerFormer |
|---|---|---|---|---|---|---|---|---|
| EDDIE SMITH | ||||||||
| EXECUTIVE BOARD MEMBER | X | |||||||
| BOB EUBANKS | ||||||||
| EXECUTIVE BOARD MEMBER | X | |||||||
| BRAD BURRIS | ||||||||
| EXECUTIVE BOARD MEMBER | X | |||||||
| TOM CHEWNING | ||||||||
| EXECUTIVE BOARD MEMBER | X | |||||||
| ALLEN WILSON | ||||||||
| EXECUTIVE BOARD MEMBER | X | |||||||
| KEN WILLIAMS | ||||||||
| PAST CHAIRMAN | X | X | ||||||
| MARVIN CARVER | ||||||||
| CHAIRMAN OF THE BOARD | X | X | ||||||
| MILT PETTY | ||||||||
| TREASURER | X | X | ||||||
| JAY KLOMPMAKER | ||||||||
| SECRETARY | X | X | ||||||
| DWIGHT STONE | ||||||||
| VICE-CHAIRMAN | X | X | ||||||
| WILLIAM FULLER | ||||||||
| EXECUTIVE BOARD MEMBER | X | |||||||
| DAVID CARROLL | ||||||||
| EXECUTIVE BOARD MEMBER | X | |||||||
| JOHN D BLACK | ||||||||
| EXECUTIVE BOARD MEMBER | X | |||||||
| W LOWRY CAUDILL | ||||||||
| EXECUTIVE BOARD MEMBER | X | |||||||
| MUNROE G COBEY | ||||||||
| EXECUTIVE BOARD MEMBER | X | |||||||
| RANDY MYER | ||||||||
| EXECUTIVE BOARD MEMBER | X | |||||||
| ANNE B PETERSEN | ||||||||
| EXECUTIVE BOARD MEMBER | X | |||||||
| DON HOLZWORTH | ||||||||
| EXECUTIVE BOARD MEMBER | X | |||||||
| GREG SANCHEZ | ||||||||
| EXECUTIVE BOARD MEMBER | X | |||||||
| DON CURTIS | ||||||||
| EXECUTIVE BOARD MEMBER | X | |||||||
| LAURA EDWARDS | ||||||||
| EXECUTIVE BOARD MEMBER | X | |||||||
| BUBBA CUNNINGHAM | ||||||||
| EX-OFFICIO EXEC BOARD MEMBER | X | |||||||
| LISSA BROOME | ||||||||
| EX-OFFICIO EXEC BOARD MEMBER | X | |||||||
| JOHN MONTGOMERY | ||||||||
| EXECUTIVE DIRECTOR | X | 40.0 | 216732 | 0 | 20222 | |||
| DIANE ALDRIDGE | ||||||||
| DIRECTOR OF FINANCE | X | 40.0 | 98132 | 0 | 15655 | |||
| DAWN MCPHERSON | ||||||||
| DIRECTOR OF ADMINISTRATION | X | 40.0 | 98783 | 0 | 20037 | |||
| NEAL HARRELL | ||||||||
| MAJOR GIFT OFFICER | 40.0 | 155476 | 0 | 42863 | X | |||
| KEN MACK | ||||||||
| DIRECTOR OF MAJOR GIFTS | 40.0 | 109084 | 0 | 12555 | X | |||
| MATT TERRELL | ||||||||
| DIR OF EXTERNAL OPERATIONS | 40.0 | 92077 | 0 | 11512 | X | |||
| SUE W STANKAVAGE | ||||||||
| DIRECTOR OF ENDOWMENT | 40.0 | 88268 | 0 | 16671 | X | |||
| KARLTON CREECH | ||||||||
| DIR OF TICKETS & PARKING | 40.0 | 101624 | 0 | 15930 | X | |||
| JOHN D CHERRY | ||||||||
| FORMER DIRECTOR | 0.0 | 13252 | 0 | 0 | X | |||
| MOYER G SMITH | ||||||||
| FORMER DIRECTOR | 0.0 | 20272 | 0 | 0 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 993700 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 155445 | TotalOtherCompensation |
| Number Individuals GT100 K | 4 | NumberIndividualsGT100K |
| Formers Listed | true | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | true | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| TA LOVING | |||||
| POST OFFICE DRAWER 919 | GOLDSBORO | NC | 27533 | GENERAL CONTRACTOR | 32316353 |
| CORLEY REDFOOT ZACK | |||||
| PO BOX 2368 | CHAPEL HILL | NC | 27515 | ARCHITECTURAL DESIGN | 1033195 |
| ROTMAN ARCHITECTURE | |||||
| 700 GLENWOOD AVENUE | RALEIGH | NC | 27605 | PROJECT MANAGEMENT | 483570 |
| FRANK L BLUM | |||||
| 830 25TH STREET NE | WINSTONSALEM | NC | 27115 | GENERAL CONTRACTOR | 400181 |
| OVERTIME AVIATION COMPANY | |||||
| 4909 WESTERN BOULEVARD SUITE 200 | RALEIGH | NC | 27606 | AIRLINE SERVICES | 373929 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 11 | NumberOfContractorsGT100K |
| Membership Dues | 11466177 | MembershipDues |
| Fundraising Events | 39750 | FundraisingEvents |
| Related Organizations | 8917172 | RelatedOrganizations |
| All Other Contributions | 13533153 | AllOtherContributions |
| Noncash Contributions | 2114825 | NoncashContributions |
| Total Contributions | 33956252 | TotalContributions |
| Total Program Service Revenue | 0 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 182546 | TotalRevenueColumn |
| Exclusion | $182,546 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1425008 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1425008 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1425008 | TotalRevenueColumn |
| Exclusion | $1,425,008 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 11145 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 39750 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 16493 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -5348 | TotalRevenueColumn |
| Exclusion | -$5,348 | ExclusionAmount |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 0 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 35558458 | TotalRevenueColumn |
| Exclusion | $1,602,206 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3913410 | Total |
| Program Services | 3913410 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 469562 | Total |
| Program Services | 269435 | ProgramServices |
| Management And General | 200127 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1672696 | Total |
| Program Services | 959793 | ProgramServices |
| Management And General | 712903 | ManagementAndGeneral |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14953 | Total |
| Program Services | 8580 | ProgramServices |
| Management And General | 6373 | ManagementAndGeneral |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2765 | Total |
| Management And General | 2765 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 116064 | Total |
| Management And General | 116064 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1975 | Total |
| Fundraising | 1975 | Fundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 254600 | Total |
| Management And General | 254600 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2359 | Total |
| Management And General | 2359 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 430441 | Total |
| Fundraising | 430441 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 248693 | Total |
| Program Services | 24869 | ProgramServices |
| Management And General | 223824 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 83717 | Total |
| Program Services | 8372 | ProgramServices |
| Management And General | 75345 | ManagementAndGeneral |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 246700 | Total |
| Management And General | 27359 | ManagementAndGeneral |
| Fundraising | 219341 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 306223 | Total |
| Management And General | 33960 | ManagementAndGeneral |
| Fundraising | 272263 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 76556 | Total |
| Management And General | 8490 | ManagementAndGeneral |
| Fundraising | 68066 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 17381 | Total |
| Program Services | 17381 | ProgramServices |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 48782 | Total |
| Program Services | 43904 | ProgramServices |
| Management And General | 4878 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 77895 | Total |
| Management And General | 77895 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | FundraisingFundraising | Management And GeneralManagementAndGeneral |
|---|---|---|---|---|
| SCHOLARSHIPS/CAPITAL PROJECTS | 375000 | 375000 | ||
| GAME DAY EXPENSES | 1523929 | 761964 | 761965 | |
| BAD DEBT EXPENSE | 656393 | 656393 | ||
| OTHER TAXES | -531561 | -531561 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 527115 | Total |
| Program Services | 131006 | ProgramServices |
| Management And General | -67327 | ManagementAndGeneral |
| Fundraising | 463436 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10535648 | Total |
| Program Services | 7170107 | ProgramServices |
| Management And General | 1148054 | ManagementAndGeneral |
| Fundraising | 2217487 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 29202547 | BOY |
| EOY | 43367732 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 25254717 | BOY |
| EOY | 27848256 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 429570 | BOY |
| EOY | 486073 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 62916670 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 414165 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 43633841 | BOY |
| EOY | 62502505 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 54152 | BOY |
| EOY | 51046 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26257660 | BOY |
| EOY | 26929661 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4577120 | BOY |
| EOY | 4762757 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 129409607 | BOY |
| EOY | 165948030 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7470173 | BOY |
| EOY | 2988073 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 539041 | BOY |
| EOY | 999175 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 43361783 | BOY |
| EOY | 64166304 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 30014989 | BOY |
| EOY | 25775495 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 81385986 | BOY |
| EOY | 93929047 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12030545 | BOY |
| EOY | 38992278 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17751665 | BOY |
| EOY | 11974566 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18241411 | BOY |
| EOY | 21052139 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 48023621 | BOY |
| EOY | 72018983 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 129409607 | BOY |
| EOY | 165948030 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 25022810 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -1027448 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| College Support Org170b1 Aiv | X | CollegeSupportOrg170b1Aiv |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 24807678 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 17713556 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 27145697 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 41532452 | CurrentTaxYearMinus1Year |
| Current Tax Year | 33956252 | CurrentTaxYear |
| Total | 145155635 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 24807678 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 17713556 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 27145697 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 41532452 | CurrentTaxYearMinus1Year |
| Current Tax Year | 33956252 | CurrentTaxYear |
| Total | 145155635 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 5598721 | AmountsSubstContributorsTotal |
| Public Support Total170 | 139556914 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1327383 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1166846 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 271704 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 219956 | CurrentTaxYearMinus1Year |
| Current Tax Year | 182546 | CurrentTaxYear |
| Total | 3168435 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 148324070 | TotalSupport |
| Public Support Pertcentage170 | 0.94089 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.96993 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 16309940 | BeginningOfYearBalance |
| Contributions | 1522142 | Contributions |
| End Of Year Balance | 17832082 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 15745011 | BeginningOfYearBalance |
| Contributions | 564929 | Contributions |
| End Of Year Balance | 16309940 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 15084521 | BeginningOfYearBalance |
| Contributions | 660490 | Contributions |
| End Of Year Balance | 15745011 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 14142113 | BeginningOfYearBalance |
| Contributions | 942408 | Contributions |
| End Of Year Balance | 15084521 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Permanent Endowment EOY Balance | 1.00000 | PermanentEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | false | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
| Land | Land | |
| Buildings | Buildings | |
| Leasehold Improvements | LeaseholdImprovements |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 605275 | OtherCostOrOtherBasis |
| Depreciation | 414165 | Depreciation |
| Book Value | 191110 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 62311395 | OtherCostOrOtherBasis |
| Depreciation | 0 | Depreciation |
| Book Value | 62311395 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 62502505 | TotalOfBookValueLandBuildings |
| Financial Derivatives | FinancialDerivatives | |
| Closely Held Equity Interests | CloselyHeldEquityInterests |
Other Securities OtherSecurities (3 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| CERTIFICATE OF DEPOSIT | 261531 | F |
| UNC CH FDN INV. FUND, INC. | 26432569 | F |
| OTHER EQUITY INVESTMENTS | 235561 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 26929661 | TotalOfBookValueSecurities |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| RETIREMENT AND OTHER BENEFITS | $857,000 |
| PAYABLES TO UNC-CH | $24,918,495 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 25775495 | TotalOfAmounts |
| Total Revenue | 35558458 | TotalRevenue |
| Total Expenses | 10535648 | TotalExpenses |
| Excess Or Deficit For Year | 25022810 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -1027448 | NetUnrealizedGLOnInvestments |
| Total Adjustments | -1027448 | TotalAdjustments |
| Excess Or Deficit Per FS | 23995362 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 34547503 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -1027448 | NetUnrealizedGainsInvestments |
| Other Revenues | 16493 | OtherRevenues |
| Revenue Not Rptd F990 | -1010955 | RevenueNotRptdF990 |
| Revenue Subtotal | 35558458 | RevenueSubtotal |
| Total Revenue Per Form990 | 35558458 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 10552141 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 16493 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 16493 | ExpensesNotRptdF990 |
| Expenses Subtotal | 10535648 | ExpensesSubtotal |
| Total Expenses Per Form990 | 10535648 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| INTENDED USES OF THE ENDOWMENT FUNDS | FORM 990, SCHEDULE D, PART V, LINE 4 | 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. |
| SPECIAL EVENT EXPENSE RECLASS | FORM 990, SCHEDULE D, PARTS XII AND XIII, LINES 2D- OTHER | SPECIAL EVENT EXPENSE RECLASS 16,493. |
| FIN 48 DISCLOSURE | FORM 990, SCHEDULE D, PART X, LINE 2 | THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME UNDER INTERNAL REVENUE CODE 501(A) AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3). ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE. MANAGEMENT OF THE FOUNDATION DOES NOT BELIEVE THE FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS. TAX YEARS ENDED JUNE 30, 2009 THROUGH JUNE 30, 2012 REMAIN OPEN FOR EXAMINATION BY TAXING AUTHORITIES AS OF THE DATE OF THIS REPORT. |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | FIRST PITCH | NameOfEvent1 |
| Gross Receipts Event1 | 50895 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 39750 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 11145 | GrossRevenueEvent1 |
| Food And Beverage Event1 | 11882 | FoodAndBeverageEvent1 |
| Entertainment Event1 | 1400 | EntertainmentEvent1 |
| Other Direct Expenses Event1 | 3211 | OtherDirectExpensesEvent1 |
| Total Number Of Other Events | 0 | TotalNumberOfOtherEvents |
| Gross Receipts Total | 50895 | GrossReceiptsTotal |
| Charitable Contributions Total | 39750 | CharitableContributionsTotal |
| Gross Revenue Total Events | 11145 | GrossRevenueTotalEvents |
| Food And Beverage Total Events | 11882 | FoodAndBeverageTotalEvents |
| Entertainment Total Events | 1400 | EntertainmentTotalEvents |
| Other Direct Expenses Total Events | 3211 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 16493 | DirectExpenseSummaryEvents |
| Net Income Summary | -5348 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Recipient Table RecipientTable
Recipient Name Business RecipientNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNC - CHAPEL HILL | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 104 Airport Dr | AddressLine1 |
| City | CHAPEL HILL | City |
| State | NC | State |
| ZIP Code | 27599 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN Of Recipient | 566001393 | EINOfRecipient |
| IRC Section | GOVT | IRCSection |
| Amount Of Cash Grant | 3913410 | AmountOfCashGrant |
| Method Of Valuation | N/A | MethodOfValuation |
| Description Of Non Cash Assistance | N/A | DescriptionOfNonCashAssistance |
| Purpose Of Grant | SEE PART IV | PurposeOfGrant |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 1 | TotalNbrOf501C3AndGovtGrants |
Form990 Schedule I Part IV Form990ScheduleIPartIV (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| MONITORING THE USE OF GRANT FUNDS | FORM 990, SCHEDULE I,PART I, QUESTION 2 | THE GRANT MADE BY THE ORGANIZATION WAS 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. |
| PURPOSE OF GRANT OR ASSISTANCE | SCHEDULE I, PART II, LINE I, COLUMN H | SCHOLARSHIPS, CONSTRUCTION, AND OTHER FINANCIAL ASSISTANCE. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | X | FirstClassOrCharterTravel |
| Travel For Companions | X | TravelForCompanions |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | true | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (4 entries)
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JOHN MONTGOMERY | |||||||||||||
| 201882 | 0 | 0 | 0 | 14850 | 0 | 15292 | 0 | 4930 | 0 | 236954 | 0 | 0 | 0 |
| NEAL HARRELL | |||||||||||||
| 130278 | 0 | 0 | 0 | 25198 | 0 | 37933 | 0 | 4930 | 0 | 198339 | 0 | 0 | 0 |
| JOHN D CHERRY | |||||||||||||
| 13252 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13252 | 0 | 0 | 0 |
| MOYER G SMITH | |||||||||||||
| 20272 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 20272 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| WRITTEN POLICY FOR COMPENSATION | FORM 990, SCHEDULE J, PART I, QUESTION 1A | Charter Travel, Travel for Companions, and Club Dues were 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 purposes. Any individual listed on Form 990, Part VII may have received charter travel or travel for companions. John Montgomery and Neal Harrell received club dues. All such travel was associated with the organization's charitable mission and was not treated as taxable compensation to the recipients. A portion of the club dues were treated as taxable compensation to the recipients. |
| SUPPLEMENTAL NONQUALIFIED RETIREMENT PLANS | FORM 990, SCHEDULE J, PART I, QUESTION 4B | 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 3,990 (PARTICIPATION) NEAL HARRELL 21,643 (PARTICIPATION) SUSAN STANKAVAGE 5,366 (PARTICIPATION) MOYER SMITH 20,272 (PAYMENT) JOHN CHERRY 13,252 (PAYMENT) |
| ACCRUED COMPENSATION | FORM 990, PART VII, LINE 5 AND SCHEDULE J PART II | THE ORGANIZATION EMPLOYEES RECEIVE COMPENSATION AND BENEFITS FROM THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL (THE UNIVERSITY), AN UNRELATED ORGANIZATION PER FORM 990 INSTRUCTIONS. SUCH COMPENSATION AND BENEFITS ARE INCLUDED IN THE RETURN. COMPENSATION AND BENEFITS PAID BY THE UNIVERSITY TO EMPLOYEES OF THE ORGANIZATION ARE REIMBURSED BY THE ORGANIZATION TO THE UNIVERSITY. |
Schedule M IRS990ScheduleM
| Field | Value | IRS element (for citing) |
|---|---|---|
| Works Of Art | WorksOfArt | |
| Art Historical Treasures | ArtHistoricalTreasures | |
| Art Fractional Interest | ArtFractionalInterest | |
| Books And Publications | BooksAndPublications | |
| Clothing And Household Goods | ClothingAndHouseholdGoods | |
| Cars And Other Vehicles | CarsAndOtherVehicles | |
| Boats And Planes | BoatsAndPlanes | |
| Intellectual Property | IntellectualProperty |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 145 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 1430731 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities Closely Held Stock | SecuritiesCloselyHeldStock | |
| Securities Prtnrshp Trust Intrsts | SecuritiesPrtnrshpTrustIntrsts | |
| Securities Miscellaneous | SecuritiesMiscellaneous | |
| Qualified Contrib Hist Struct | QualifiedContribHistStruct | |
| Qualified Contrib Other | QualifiedContribOther | |
| Real Estate Residential | RealEstateResidential | |
| Real Estate Commercial | RealEstateCommercial | |
| Real Estate Other | RealEstateOther | |
| Collectibles | Collectibles | |
| Food Inventory | FoodInventory | |
| Drugs And Medical Supplies | DrugsAndMedicalSupplies | |
| Taxidermy | Taxidermy | |
| Historical Artifacts | HistoricalArtifacts | |
| Scientific Specimens | ScientificSpecimens | |
| Archaeological Artifacts | ArchaeologicalArtifacts |
Other Non Cash Contributions Table OtherNonCashContributionsTable (2 entries)
| Non Cash CheckboxNonCashCheckbox | DescriptionDescription | Number Of ContributionsNumberOfContributions | Noncash Contribs Rptd F990NoncashContribsRptdF990 | Method Of Determining RevenuesMethodOfDeterminingRevenues |
|---|---|---|---|---|
| X | CAR DEALER CREDITS | 52 | 622100 | FMV |
| X | MISCELLANEOUS | 12 | 61994 | FMV |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | true | ReviewProcessUnusualNCGifts |
| Third Parties Used | true | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | USE OF THIRD PARTIES | Identifier |
| Return Reference | FORM 990, SCHEDULE M, QUESTION 32A | ReturnReference |
| Explanation | THE EDUCATIONAL FOUNDATION, INC. USES THIRD PARTY STOCK BROKERS TO PROCESS NON-CASH CONTRIBUTIONS. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| BUSINESS/FAMILY RELATIONSHIPS | FORM 990, PART VI, SECTION A, LINE 2 | GREG SANCHEZ AND EDDIE SMITH, MEMBERS OF THE EXECUTIVE BOARD OF DIRECTORS, HAVE A BUSINESS RELATIONSHIP. |
| MEMBERS OF THE ORGANIZATION | FORM 990, PART VI, SECTION A, LINE 6 | 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. |
| BOARD REVIEW OF FORM 990 | FORM 990, PART VI, SECTION B, QUESTION 11 | During APRIL of 2013, management distributed a draft of the 2011 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 Board of Directors PRIOR TO FILING WITH THE IRS. |
| CONFLICT OF INTEREST POLICY | FORM 990, PART VI, SECTION B, QUESTION 12C | 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. |
| COMPENSATION REVIEW | FORM 990, PART VI, SECTION B, QUESTION 15 | 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 and key employees. The Board of Directors review and set forth the compensation for the CEO using the same process as the Compensation Committee. |
| GOVERNING DOCUMENTS | FORM 990, PART VI, SECTION C, QUESTION 19 | 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. |
| OTHER CHANGES IN NET ASSETS | 990, PART XI, LINE 5 | UNREALIZED LOSSES (1,027,448) |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE EDUCATIONAL FOUNDATION SCHOLARSHIP | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 450 SKIPPER BOWLES DRIVE | AddressLine1 |
| City | CHAPEL HILL | City |
| State | NC | State |
| ZIP Code | 27599 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 566094839 | EIN |
| Primary Activities | SUPPORTING OR | PrimaryActivities |
| Legal Domicile State | NC | LegalDomicileState |
| Exempt Code Section | 501(c)(3) | ExemptCodeSection |
| Public Charity Status | 11 | PublicCharityStatus |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NA | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Org | true | ControlledOrg |
Form990 Schedule R Part IV Form990ScheduleRPartIV
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHARITABLE REMAINDER UNITRUSTS (5) | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 450 SKIPPER BOWLES DRIVE | AddressLine1 |
| City | CHAPEL HILL | City |
| State | NC | State |
| ZIP Code | 27599 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Activity | CHAR TRUST | PrimaryActivity |
| Legal Domicile State | NC | LegalDomicileState |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NA | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Entity | TRUST | TypeOfEntity |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | false | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | false | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | true | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | false | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | false | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | false | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | true | SharingOfFacilities |
| Sharing Of Paid Employees | true | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | false | OtherTransferToOtherOrg |
| Other Transfer From Other Org | false | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable
Name Of Other Organization NameOfOtherOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EDUCATIONAL FND SCHOLARSHIP ENDOWMENT TRUST | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | 1C | TransactionType |
| Amount Involved | 8917172 | AmountInvolved |
| Method Of Amt Determination | DISTRIBUTION | MethodOfAmtDetermination |
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