Overview
What is The University Of North Carolina Foundation Inc?
The University of North Carolina Foundation Inc, located in Raleigh, North Carolina, serves as a supportive entity for the 17-campus University of North Carolina system. Its primary aim is to raise and invest funds benefiting the university, as well as conduct or contract research to enhance the institution's capacity to serve the state's citizens more effectively. The foundation's activities are multifaceted, encompassing aiding, supporting, and promoting various educational, scientific, scholarly, professional, artistic, and creative endeavors within the university. This includes enhancing the quality of supporting staff, services, and facilities, supporting research, scholarly, artistic, and creative work, and promoting public service activities. Furthermore, the foundation manages and invests property for the benefit of the University of North Carolina.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (71% - Two-Star out of Four Star rating)
The University of North Carolina Foundation Inc has received a Two-Star rating from Charity Navigator, indicating a need for improvement in its accountability and financial practices. While the organization scores well in several areas, including financial statements and program expense ratio, it struggles with transparency, as evidenced by a lack of independent board members and issues regarding the availability of tax forms on its website.
Strengths of the foundation include a well-structured audit and oversight committee, which scored the maximum points, and a solid program expense ratio, reflecting efficient use of funds toward its mission. However, the absence of independent board members raises concerns about governance and oversight that could impact donor trust and operational effectiveness.
Limitations primarily revolve around transparency issues, particularly the non-availability of critical financial documents on its website, which could hinder potential donors from making informed decisions. Enhancing these areas may bolster the foundation's credibility and improve its overall rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is The University Of North Carolina Foundation Inc legitimate?
The University Of North Carolina Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The University Of North Carolina Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of The University Of North Carolina Foundation Inc?
The University of North Carolina Foundation Inc's mission is centered around supporting the University of North Carolina System. It aims to enhance the quality of supporting staff, services, and facilities, promote research, scholarly, artistic, and creative work, and facilitate public service activities within the university. The foundation also engages in soliciting, acquiring, and managing property for the benefit of the university. Additionally, it carries out various acts that are deemed beneficial for the university, its programs, faculty, staff, and students.
What is the revenue of The University Of North Carolina Foundation Inc?
The University Of North Carolina Foundation Inc's revenue in 2023 was $5,823,316.
Who are the executives of The University Of North Carolina Foundation Inc and what are their salaries?
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $422,231
- Other: $8,011
- Compensation: $0
- Related: $305,521
- Other: $14,877
- Compensation: $0
- Related: $308,524
- Other: $8,388
- Compensation: $0
- Related: $302,353
- Other: $10,617
- Compensation: $0
- Related: $300,775
- Other: $8,311
- Compensation: $0
- Related: $299,063
- Other: $8,155
- Compensation: $0
- Related: $269,929
- Other: $16,570
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The University Of North Carolina Foundation Inc?
The University Of North Carolina Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The University Of North Carolina Foundation Inc
The University of North Carolina Foundation Inc plays a crucial role in supporting the mission of the 17-campus University of North Carolina system. Its primary objective is threefold. Firstly, it aims to enhance the quality of supporting staff, services, and facilities within the university by aiding, supporting, and promoting teaching, research, and service. Secondly, it seeks to boost the scholarly, artistic, and creative work of the university, including research, by providing the necessary resources. Lastly, it supports public service activities undertaken by the university, benefiting its faculty, staff, and students.
In addition to these objectives, The University of North Carolina Foundation Inc also manages property of all kinds, aiming to generate benefits for the university. It invests, reinvestes, sells, transfers, exchanges, and administers this property as required. Furthermore, it performs any actions deemed necessary or expedient for the benefit of the university, its programs, and its community. In essence, The University of North Carolina Foundation Inc acts as a catalyst, providing resources and enabling conditions that enable the University of North Carolina system to thrive and achieve its goals.
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Impact
July, 2024
The University of North Carolina Foundation Inc plays a crucial role in supporting the mission of the 17-campus University of North Carolina system. By raising and investing funds for the benefit of the university system, conducting or contracting research to improve services for the state's citizens, and enhancing the quality of educational, scientific, scholarly, and artistic endeavors, the foundation positively impacts the university's teaching, research, and service efforts. Its activities include supporting research, scholarly work, artistic endeavors, public service activities, and the enhancement of university facilities, staff, and services. Through its various initiatives, the foundation contributes to the overall advancement and excellence of the University of North Carolina.
This information is meant to be a general summary of The University Of North Carolina Foundation 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 2023.
- Investment Income: $116,143
- Program Service Revenue: $353,000
- Gross Receipts: $5,823,316
Assets and Liabilities:
- Total Assets: $7,712,999
- Total Liabilities: $3,382,841
- Net Assets: $4,330,158
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SHARED SERVICES REVENUE
Revenue
$328,000
EDUCATIONAL CONSULTING
Revenue
$25,000
Organization Details
Founding Year
1999
Principal Officer
Jennifer Haygood
NTEE Category
Code: B99 - Education
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