Overview
What is The University Of North Carolina At Chapel Hill Foundation Inc?
The University of North Carolina at Chapel Hill Foundation Inc, located at 104 Airport Drive CB1270, Chapel Hill, NC 27599, is a charitable organization dedicated to supporting and enhancing the academic, research, and service endeavors of the University of North Carolina at Chapel Hill. Their mission encapsulates aiding, assisting, and promoting various educational, scientific, scholarly, professional, artistic, and creative pursuits within the university. By granting funds for these purposes, the foundation plays an essential role in fostering growth and development within the institution.
What are the reviews and ratings of this charity?
Charity Navigator rating: 92% (Four-Star out of Four Star rating)
The University of North Carolina at Chapel Hill Foundation Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial health. With a perfect score in most categories, including an independent board and robust financial oversight, the foundation demonstrates strong governance practices that ensure transparency and responsible management of funds.
Significantly, the foundation maintains a program expense ratio of 83.20%, indicating that a substantial majority of its resources are directed toward its mission rather than administrative costs. Its liabilities to assets ratio is notably low at 11.67%, showcasing a solid financial footing and the ability to manage obligations efficiently. The presence of necessary policies related to conflicts of interest and whistleblower protections enhances its commitment to ethical operations.
While the foundation's fundraising efficiency ratio of $0.0025 is low, it does not detract from its overall financial health, especially given the other strengths it possesses. Overall, the foundation is well-regarded for its fiscal responsibility and governance, contributing positively to its reputation among donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is The University Of North Carolina At Chapel Hill Foundation Inc legitimate?
The University Of North Carolina At Chapel Hill Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The University Of North Carolina At Chapel Hill 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 At Chapel Hill Foundation Inc?
The University of North Carolina at Chapel Hill Foundation Inc supports and aids various educational, scientific, scholarly, professional, artistic, and creative pursuits at the University of North Carolina at Chapel Hill. The organization promotes these endeavors by granting funds for their benefit. Its mission is to encourage growth and development in teaching, research, and service at the university. The foundation's grants are aimed at enhancing the university's capabilities and advancing its academic, research, and creative initiatives. The foundation's objectives align with the university's mission to provide a superior educational experience and contribute to innovation and discovery in various fields.
What is the revenue of The University Of North Carolina At Chapel Hill Foundation Inc?
The University Of North Carolina At Chapel Hill Foundation Inc's revenue in 2023 was $39,404,475.
Who are the executives of The University Of North Carolina At Chapel Hill Foundation Inc and what are their salaries?
There 16 volunteers at The University Of North Carolina At Chapel Hill Foundation Inc.
Here are 28 key members and their salaries:
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- Other: $83,009
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- Other: $245,004
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- Related: $344,354
- Other: $44,932
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- Other: $60,987
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- Other: $41,693
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- Related: $194,781
- Other: $55,190
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- Related: $135,775
- Other: $44,002
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- Related: $1,058,573
- Other: $61,030
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- Related: $177,529
- Other: $55,039
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- Related: $338,925
- Other: $53,200
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- Related: $166,539
- Other: $31,073
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- Compensation: $0
- Related: $194,789
- Other: $26,988
Where can I find the form 990 for The University Of North Carolina At Chapel Hill Foundation Inc?
The University Of North Carolina At Chapel Hill Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The University Of North Carolina At Chapel Hill Foundation Inc
The University of North Carolina at Chapel Hill Foundation Inc is a nonprofit organization dedicated to supporting and promoting the educational, scientific, scholarly, professional, artistic, and creative pursuits of the University of North Carolina at Chapel Hill. In simple terms, its mission is to aid and assist the university in various ways.
Through grants, the foundation contributes to the betterment of the university, benefiting its students, faculty, and researchers. The organization's efforts are geared toward enhancing the teaching, research, and service initiatives at the University of North Carolina at Chapel Hill. By doing so, it plays a crucial role in fostering an environment conducive to learning and innovation.
The University of North Carolina at Chapel Hill Foundation Inc is more than just a grant-giving entity. Its commitment to the university extends beyond financial support. It strives to create opportunities that enable the university to thrive and excel in its endeavors. The foundation's grants contribute to the university's growth and development, empowering it to make strides in various fields and disciplines. Overall, the University of North Carolina at Chapel Hill Foundation Inc serves as a vital partner in the university's journey towards academic excellence.
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Impact
October, 2024
The University of North Carolina at Chapel Hill Foundation Inc significantly impacts the institution by providing essential financial support for teaching, research, and service initiatives. Through grants and funding, it enhances various educational, scientific, scholarly, professional, artistic, and creative endeavors at the University of North Carolina at Chapel Hill. This support allows faculty and students to pursue innovative projects, contribute to advancements in their fields, and ultimately enrich the academic environment. By promoting a diverse range of initiatives, the foundation plays a crucial role in fostering a culture of excellence and leadership within the academic community.
This information is meant to be a general summary of The University Of North Carolina At Chapel Hill 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: $2,313,766
- Gross Receipts: $83,357,581
Assets and Liabilities:
- Total Assets: $706,594,306
- Total Liabilities: $91,280,895
- Net Assets: $615,313,411
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Organization Details
Founding Year
1977
Principal Officer
Michael Andreasen
NTEE Category
Code: B114 - Education
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