Overview
What is Unc Management Company Inc?
Unc Management Company Inc is a nonprofit organization dedicated to managing assets for the University of North Carolina system and its affiliated institutions, including the University of North Carolina at Chapel Hill. Their primary focus is on delivering professional asset management services to these educational institutions and their endowments, contributing to their financial stability and growth. The organization's mission is well-defined and aimed at enhancing the financial well-being of the universities and their related endowments.
Official website here: www.uncmc.unc.edu
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.
Unc Management Company Inc has earned an impressive Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial health. The organization's strong performance is primarily due to its perfect score in the Accountability & Finance category, which indicates effective governance and stewardship of funds. With 62% of its board members being independent, the organization demonstrates a commitment to impartial oversight.
The nonprofit excels in multiple metrics, including a significant program expense ratio of 85.62%, showing that the majority of its resources are directed towards its programs. Additionally, the organization adheres to best practices with policies in place for conflict of interest, whistleblower protection, and document retention, all of which enhance transparency and accountability.
No significant limitations or concerns were noted in the available data, suggesting that Unc Management Company Inc operates with a high degree of integrity and efficiency. Its financial statements are well-managed, with no material diversion of assets reported, underscoring the organization's reliability as a nonprofit entity.
This AI summary has been generated from information found on Charity Navigator.
Is Unc Management Company Inc legitimate?
Unc Management Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Unc Management Company Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $7,067,711
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,673,810
For more financial information, click here
Official website here: www.uncmc.unc.edu
What is the mission statement of Unc Management Company Inc?
Unc Management Company Inc is dedicated to delivering expert asset management services to the University of North Carolina system and its affiliated institutions. Their primary objective is to ensure the optimal management of funds for the universities and their endowments. Through their professional services, they aim to contribute to the growth and sustainability of these educational institutions. The company's mission encompasses the stewardship of assets with a focus on maximizing returns while minimizing risks. By providing these crucial services, Unc Management Company plays a vital role in supporting the academic endeavors and long-term financial success of the University of North Carolina system and its constituents.
Official website here: www.uncmc.unc.edu
Who is the CEO of Unc Management Company Inc?
Jonathon C King is the President of Unc Management Company Inc.
Official website here: www.uncmc.unc.edu
What is the revenue of Unc Management Company Inc?
Unc Management Company Inc's revenue in 2022 was $30,528,524.
Official website here: www.uncmc.unc.edu
Who are the executives of Unc Management Company Inc and what are their salaries?
The average compensation at Unc Management Company Inc during 2022 was $359,549. There are 41 employees and 5 volunteers at Unc Management Company Inc.
Here are 18 key members and their salaries:
- Compensation: $0
- Related: $619,728
- Other: $137,929
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $2,568,307
- Related: $0
- Other: $1,027,817
- Compensation: $0
- Related: $369,649
- Other: $69,814
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $541,014
- Related: $0
- Other: $237,976
- Compensation: $1,101,574
- Related: $0
- Other: $445,469
- Compensation: $1,219,336
- Related: $0
- Other: $473,340
- Compensation: $1,131,201
- Related: $0
- Other: $455,128
- Compensation: $394,109
- Related: $0
- Other: $176,765
- Compensation: $735,067
- Related: $0
- Other: $319,058
- Compensation: $738,096
- Related: $0
- Other: $319,520
- Compensation: $764,376
- Related: $0
- Other: $331,238
- Compensation: $737,768
- Related: $0
- Other: $325,649
- Compensation: $735,672
- Related: $0
- Other: $323,341
Official website here: www.uncmc.unc.edu
Where can I find the form 990 for Unc Management Company Inc?
Unc Management Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.uncmc.unc.edu
Learn more at the official website: www.uncmc.unc.edu
Mission Statement of Unc Management Company Inc
Unc Management Company Inc, a professional asset management organization, is dedicated to serving the University of North Carolina system, the University of North Carolina at Chapel Hill, and its affiliated institutions. Their mission is geared towards managing assets effectively for these entities and their endowments. With a focus on professionalism, Unc Management Company provides essential financial management services, ensuring the best possible outcomes for its clients.
By offering expert asset management solutions, Unc Management Company plays a vital role in the financial well-being of the universities and their related entities. Through its specialized services, the organization helps these institutions to maintain and grow their assets, ultimately contributing to their ongoing success. Unc Management Company's commitment to excellence and its deep understanding of the unique financial needs of educational institutions make it an indispensable partner in the higher education sector.
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Impact
October, 2024
Unc Management Company Inc plays a vital role in enhancing the financial stability and growth of the University of North Carolina system. By delivering professional asset management services, it effectively oversees the investments of the university and its affiliated institutions, ensuring that their endowments are managed prudently. This management not only supports the educational mission of the University of North Carolina at Chapel Hill and its constituent institutions but also contributes to broader community development.
The company's strategic management of assets is essential for funding scholarships, research initiatives, and various educational programs. This support ultimately impacts student success and academic excellence, fostering an environment where educational services can thrive. Furthermore, by securing financial resources, Unc Management Company Inc helps strengthen the university's position as a leader in higher education, benefiting both the local community and the state of North Carolina at large.
This information is meant to be a general summary of Unc Management Company Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $87,596
- Program Service Revenue: $30,440,928
- Gross Receipts: $30,595,561
Assets and Liabilities:
- Total Assets: $53,097,067
- Total Liabilities: $21,003,470
- Net Assets: $32,093,597
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEE INCOME
Revenue
$30,440,928
Organization Details
Founding Year
2002
Phone
(919) 442-1599Principal Officer
Jonathon C King
Main Address
1400 ENVIRON WAY, CHAPEL HILL, NC, 27517
Website
www.uncmc.unc.eduNTEE Category
Code: B11 - Education
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