2012-12-20T14:44:27-06:00 2012-06-30 561304727 BLACKMAN & SLOOP CPAS PA 1414 RALEIGH RD SUITE 300 CHAPEL HILL NC 27517 990 2011-07-01 561150509 THE UNIVERSITY OF NC AT CHAPEL HILL ARTS & SCIENCES FOUNDATION INC UNIV 9199620108 134 EAST FRANKLIN STREET CHAPEL HILL NC 27514 TAMMY MCHALE 9199620108 2012-12-19 1 ANDREA WOODELL EASON P00361629 9199428700 2011 2016-02-24 21:20:13Z JAMES ALEXANDRE 134 EAST FRANKLIN STREET CHAPEL HILL NC 27514 16632148 0 X HTTP://COLLEGE.UNC.EDU/FOUNDATION X 1975 NC THE ARTS AND SCIENCES FOUNDATION, INC. ENHANCES THE COLLEGE OF ARTS AND SCIENCES AT THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL BY RAISING PRIVATE SUPPORT FOR FACULTY AND STUDENTS IN THE COLLEGE'S SIXTY ACADEMIC DEPARTMENTS, CURRICULA AND PROGRAMS THAT PROMOTE TEACHING, RESEARCH AND PUBLIC SERVICE. 33 25 0 33 0 0 12669589 9872185 0 0 6794925 6745400 39853 14563 19504367 16632148 7827782 8406403 0 0 0 0 0 0 1552608 2632482 3208118 10460264 11614521 9044103 5017627 175394739 176476067 1040916 786122 174353823 175689945 X THE ARTS AND SCIENCES FOUNDATION, INC. ENHANCES THE COLLEGE OF ARTS AND SCIENCES AT THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL BY RAISING PRIVATE SUPPORT FOR FACULTY AND STUDENTS IN THE COLLEGE'S SIXTY ACADEMIC DEPARTMENTS, CURRICULA, AND PROGRAMS THAT PROMOTE TEACHING, RESEARCH, AND PUBLIC SERVICE. 0 0 8591350 8406403 THE ARTS AND SCIENCES FOUNDATION, INC. PROVIDES GRANTS TO THE COLLEGE OF ARTS AND SCIENCES AT THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL FOR FACULTY AND STUDENTS THAT INCLUDE, BUT ARE NOT LIMITED TO, MERIT- AND NEED-BASED SCHOLARSHIPS, FELLOWSHIPS, STUDY ABROAD AWARDS FOR STUDENTS, AND PROFESSORSHIPS AND FACULTY EXCELLENCE FUNDS. 8591350 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 0 0 0 0 0 0 0 0 0 0 0 0 0 X 33 25 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X LARRY JOHNSON 9199620552 134 EAST FRANKLIN STREET CHAPEL HILL NC 27514 JAMES W MAY JR 40.00 X X 0 201415 28933 KAREN GIL 1.50 X X 0 263585 37545 WILLIAM L ANDREWS 0.30 X X 0 271292 33987 TAMMY J MCHALE 4.00 X X 0 193393 27835 MATTHEW G KUPEC 0.30 X 0 382433 47626 VALERIE ASHBY 0.30 X 0 189156 27553 JAMES LAWRENCE ALEXANDRE 0.30 X 0 0 0 R FRANK ANDREWS IV 0.30 X 0 0 0 CONSTANCE BATTLE 0.30 X 0 0 0 LAURA HOBBY BECKWORTH 0.30 X 0 0 0 R DUKE BUCHAN III 0.30 X 0 0 0 SUNNY HARVEY BURROWS 0.30 X 0 0 0 COURTNEY MILLER CAVATONI 0.30 X 0 0 0 G MUNROE COBEY 0.30 X 0 0 0 SHEILA ANN CORCORAN 0.30 X 0 0 0 VICKI UNDERWOOOD CRAVER 0.30 X 0 0 0 STEPHEN MARK CUMBIE 0.30 X 0 0 0 EMMETT BONEY HAYWOOD 0.30 X 0 0 0 JOE KAMPF 0.30 X 0 0 0 WILLIAM M LAMONT JR 0.30 X 0 0 0 EDWIN A POSTON 0.30 X 0 0 0 JOHN ASHTON POWELL 0.30 X 0 0 0 BENJAMINE REID 0.30 X 0 0 0 ALEXANDER TUCKER ROBERTSON 0.30 X 0 0 0 BETSY SHIVERICK 0.30 X 0 0 0 H MARTIN SPROCK III 0.30 X 0 0 0 KAREN L STEVENSON 0.30 X 0 0 0 THOMAS M UHLMAN 0.30 X 0 0 0 ERIC P VICK 0.30 X 0 0 0 CHARLES LEIGH WICKHAM III 0.30 X 0 0 0 LOYAL W WILSON 0.30 X 0 0 0 CATHY BRYSON 0.30 X 0 0 0 JAROSLAV T FOLDA III 0.30 X 0 0 0 JO SHANNON KENNEDY 40.00 X 0 150304 22910 0 1651578 226389 7 0 1 0 UNC MANAGEMENT COMPANY INC 1400 ENVIRON WAY CHAPEL HILL NC 27517 INVESTMENT MANAGEMENT 526671 1 11750 9860435 825156 9872185 1864033 1864033 4881367 0 4881367 4881367 4881367 3750 11750 0 3750 3750 OTHER INCOME 900099 10813 10813 10813 16632148 10813 0 6749150 8406403 8406403 526671 526671 28050 28050 242594 63188 179406 102042 102042 102017 102017 8515 8515 180207 176432 3775 STAFF RELATED EXPENSES 1510730 341587 1169143 BAD DEBT EXPENSE 505910 505910 MISCELLANEOUS 1382 1382 11614521 8591350 1470563 1552608 13308064 14305437 13872785 11956768 73046 4372634 1152200 3400640 3220434 142411950 145189682 2401300 1730700 175394739 176476067 190916 161122 850000 625000 1040916 786122 X 27185956 27835238 62413223 59730411 84754644 88124296 174353823 175689945 175394739 176476067 X 5017627 -3681505 X X 0 1 1 X 0 X 10067381 7424588 9675939 12669589 9872185 49709682 65000 82675 82675 82675 82675 395700 10132381 7507263 9758614 12752264 9954860 50105382 5072795 45032587 2489301 1658733 1035854 1870048 1864033 8917969 15103 2813 17916 59041267 0.76270 0.72510 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 149537614 5320536 2233892 4088749 153003293 122850398 13122781 18734414 5169979 149537614 115036434 5515910 6495561 4197507 122850398 144244192 3720049 -27904658 5023149 115036434 0.17180 0.82820 0 0 3750483 661143 3089340 622151 491057 131094 3220434 UNCIF INVESTMENT POOL 145189682 F 145189682 16632148 11614521 5017627 -3010905 -670600 -3681505 1336122 13970829 -3010905 82675 266911 -2661319 16632148 0 16632148 12634707 82675 937511 1020186 11614521 0 11614521 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE FOUNDATION'S ENDOWMENTS WERE ESTABLISHED FOR A VARIETY OF PURPOSES, WITH THE MAIN PURPOSE OF PROMOTING AND SUPPORTING THE COLLEGE OF ARTS AND SCIENCES AT THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: IN ACCORDANCE WITH FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ACCOUNTING STANDARDS CODIFICATION 740-10 ("ASC 740-10") ACCOUNTING FOR INCOME TAXES, THE FOUNDATION REFLECTS IN THE FINANCIAL STATEMENTS THE BENEFIT OF POSITIONS TAKEN IN A PREVIOUSLY FILED TAX RETURN OR EXPECTED TO BE TAKEN IN A FUTURE TAX RETURN ONLY WHEN IT IS CONSIDERED 'MORE-LIKELY-THAN-NOT' THAT THE POSITION TAKEN WILL BE SUSTAINED BY A TAXING AUTHORITY. THE FOUNDATION EVALUATES ITS UNCERTAIN TAX POSITIONS USING PROVISIONS OF ASC 450, CONTINGENCIES. ACCORDINGLY, A LOSS CONTINGENCY IS RECOGNIZED WHEN IT IS PROBABLE THAT A LIABILITY HAS BEEN INCURRED AS OF THE DATE OF THE FINANCIAL STATEMENTS AND THE AMOUNT OF THE LOSS CAN BE REASONABLY ESTIMATED. THE AMOUNT RECOGNIZED IS SUBJECT TO ESTIMATE AND MANAGEMENT JUDGMENT WITH RESPECT TO THE LIKELY OUTCOME OF EACH UNCERTAIN TAX POSITION. THE AMOUNT THAT IS ULTIMATELY SUSTAINED FOR AN INDIVIDUAL UNCERTAIN TAX POSITION OR FOR ALL UNCERTAIN TAX POSITIONS IN THE AGGREGATE COULD DIFFER FROM THE AMOUNT RECOGNIZED. IF APPLICABLE, PENALTIES AND INTEREST ASSESSED BY INCOME TAXING AUTHORITIES ARE INCLUDED IN GENERAL AND ADMINISTRATIVE EXPENSES. UNDER THE STATUTE OF LIMITATIONS, THE FEDERAL INFORMATIONAL RETURNS OF THE FOUNDATION FOR 2009 THROUGH 2011 ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT EVALUATED TAX POSITIONS FOR THE 2009 THROUGH 2011 RETURNS, AND CONCLUDED THAT THERE ARE NO UNCERTAIN TAX POSITIONS AND BELIEVES THERE IS NO INCOME TAX EFFECT ON THE FINANCIAL STATEMENTS. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -670,600. PART XII, LINE 2D - OTHER ADJUSTMENTS: DEVELOPMENT ASSESSMENT FEE REBATE 937,511. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -670,600. PART XIII, LINE 2D - OTHER ADJUSTMENTS: DEVELOPMENT ASSESSMENT FEE 937,511. PLAYMAKERS BALL 15500 11750 3750 15500 11750 3750 3750 1 UNC COLLEGE OF ARTS & SCIENCES AT CHAPEL HILL CHAPEL HILL NC 27514 566001393 501(C)(3) 8406403 SUPPORT FOR UNC SCHOOL OF ARTS & SCIENCE 1 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: OFFICERS AT THE ARTS AND SCIENCES FOUNDATION AND THE RELATED COLLEGE OF ARTS AND SCIENCES ARE IN CHARGE OF APPROVING AND MAINTAINING SUPPORTING DOCUMENTATION OF GRANT REQUESTS AND DISBURSEMENTS. X 0 0 0 0 0 0 0 0 0 JAMES W MAY JR 0 201415 0 0 0 0 0 24003 0 4930 0 230348 0 0 KAREN GIL 0 263585 0 0 0 0 0 32615 0 4930 0 301130 0 0 WILLIAM L ANDREWS 0 271292 0 0 0 0 0 29057 0 4930 0 305279 0 0 TAMMY J MCHALE 0 193393 0 0 0 0 0 22905 0 4930 0 221228 0 0 MATTHEW G KUPEC 0 382433 0 0 0 0 0 42696 0 4930 0 430059 0 0 VALERIE ASHBY 0 189156 0 0 0 0 0 22623 0 4930 0 216709 0 0 JO SHANNON KENNEDY 0 150304 0 0 0 0 0 17980 0 4930 0 173214 0 0 X 85 825156 SECURITIES SELLING PRICE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE TREASURER REVIEWS FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION RELIES ON SELF-REPORTING. ANY CONFLICTS OF INTEREST ARE DISCLOSED AT BI-ANNUAL MEETINGS IN THE FALL AND SPRING. FORM 990, PART VI, SECTION B, LINE 15 FORM 990, PART VI, SECTION B, LINE 15: FOUNDATION EMPLOYEES ARE CONTRACTED FROM THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL. THEIR COMPENSATION IS DETERMINED IN ACCORDANCE WITH THE PAY AND EMPLOYEE BENEFIT PRACTICES OF THE NORTH CAROLINA STATE GOVERNMENT. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -3,010,905. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -670,600. TOTAL TO FORM 990, PART XI, LINE 5: -3,681,505. OVERSIGHT OF AUDIT FORM 990, PART XII, LINE 2C: THE FOUNDATION'S AUDIT & FINANCE COMMITTEE HAS OVERSIGHT FOR THE AUDIT OF THE FINANCIAL STATEMENTS. UNIVERSITY OF NC COLLEGE OF ARTS & SCIENCES CAMPUS BOX 3100 CHAPEL HILL NC 275993100 566001393 UNIVERSITY NC 501(C)(3) 170(B)(1)(A)(VI) STATE OF NORTH CAROLINA 0 CAROLINA TRUST LIMITED CAMPUS BOX 3100 CHAPEL HILL NC 275993100 PROMOTING THE EDUCATION OF STUDENTS AND FACULTY OF UNC UK 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 UNIVERSITY OF NC COLLEGE OF ARTS & SCIENCES B 8406403 ACTUAL PAYMENTS TO SCHOOL UNIVERSITY OF NC COLLEGE OF ARTS & SCIENCES L 937511 ACTUAL FEES PAID TO UNIVERSITY UNIVERSITY OF NC COLLEGE OF ARTS & SCIENCES M 82675 DONATED FACILITIES FROM UNIVERSIT UNIVERSITY OF NC COLLEGE OF ARTS & SCIENCES N 1510730 SALARY REIMBURSED TO UNIVERSITY