2023-02-22T12:38:44-06:00 2022-06-30 261678195 BURLESON & EARLEY PA 902 Sand Hill Road Asheville NC 28806 990 2021-07-01 237073829 The University of North Carolina at Asheville Foundation Inc UNIV 8282516716 One University Heights Asheville NC 28804 Mary Hall Interim Treasurer 8282516716 2023-02-22 1 Mary Hall 999009999 Robin G Earley CPA P01220854 8282512846 2023-02-14 3 AAL1 IAL1 2021 2023-03-07 01:45:13Z Mary Hall One University Heights Asheville NC 28804 9625314 0 X www.unca.edu X 1965 NC To secure, manage and distribute private support to enhance the growth and development of the University of North Carolina at Asheville. 24 24 0 0 0 0 6209778 5679680 0 0 1241894 1454274 204333 289048 7656005 7423002 3566563 5408201 0 0 0 0 0 0 244544 1963605 3139486 5530168 8547687 2125837 -1124685 61388528 61754429 3857432 5165826 57531096 56588603 The mission of the UNC Asheville Foundation, Inc. is to secure, manage, and distribute private support to enhance the growth and development of UNC Asheville. 0 0 7820113 5408201 1512839 The Foundation exists to provide support to the University of North Carolina at Asheville, a state owned four year University. In this capacity, the Foundation receives funds that are spent on behalf of the Unversity such as scholarships, faculty grants and awards, purchase of equipment and internal expense for printing, supplies, etc. 7820113 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 1 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 24 24 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NC X X X Mary Hall 8282516716 One University Heights Asheville NC 28804 X Donna Bailey Director 1.00 X 0 0 0 Amy L Bibby Director 1.00 X 0 0 0 Holly Bunting Director 1.00 X 0 0 0 Darlene Davis Director 1.00 X 0 0 0 Michael Greene Director 1.00 X 0 0 0 Maryann Jones Vice Chair 1.00 X X 0 0 0 Sue McClinton Director 1.00 X 0 0 0 George Morosani Director 1.00 X 0 0 0 Susan Shanor Director 1.00 X 0 0 0 Ellen Carr Director 1.00 X 0 0 0 Jane Swafford Director 1.00 X 0 0 0 Marcus Dover Director 1.00 X 0 0 0 Sara Bissette Director 1.00 X 0 0 0 David Worley Board Chair 1.00 X X 0 0 0 Chris Marshall Director 1.00 X 0 0 0 Greg Burnette Director 1.00 X 0 0 0 Paul Fanning Director 1.00 X 0 0 0 Demon Thomas Director 1.00 X 0 0 0 Vanessa Osborne Director 1.00 X 0 0 0 Dan Pierce Director 1.00 X 0 0 0 Sally Wasileski Director 1.00 X 0 0 0 Graham Reynolds Director 1.00 X 0 0 0 0 0 0 0 0 0 0 James R Vannoy & Sons Construction 4024 Barringer Dr Charlotte NC 28217 Construction Services 1041517 One Diversified LLC 9801-G Southern Pine Blvd Charlotte NC 28273 Consulting Services 285837 ICM Speakers 10250 Constellation Blvd FL31 Los Angeles CA 90067 Consulting Services 166000 3 5679680 215905 5679680 108299 108299 206969 166038 40931 40931 40931 3382249 2036274 1345975 1345975 1345975 230483 0 230483 230483 Miscellaneous income 900003 17634 17634 17634 7423002 1512839 0 230483 X 5408201 5408201 5000 5000 20126 20126 267413 267413 1077792 743144 190828 143820 205988 205214 774 235022 213250 1379 20393 122570 122570 61060 61060 14494 12565 1929 Supplies 538637 526729 771 11137 Subscriptions 202346 140937 61409 Equipment, noncapitaliz 100659 99259 1400 Miscellaneous 65278 65278 223101 216906 584 5611 8547687 7820113 483030 244544 1 0 5639173 6693377 1038593 1098755 1035064 614297 74462 89201 3308740 789002 3831108 2519738 5330918 4742096 43879170 44836620 560039 1160345 61388528 61754429 400113 320624 85282 2001921 3372037 2843281 3857432 5165826 X 4394317 2141720 53136779 54446883 57531096 56588603 61388528 61754429 -1124685 -2980 185171 0 X X 0 1 X 1 0 X 3037067 5407154 4833455 6396494 5864851 25539021 3037067 5407154 4833455 6396494 5864851 25539021 4510245 21028776 261357 378045 419815 356343 315266 1730826 74740 115794 84578 26966 17634 319712 27589559 275112 0.76220 0.74830 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 48749566 1866274 1648733 3149877 1601 49113095 35694425 846520 14226660 2018039 48749566 36252027 645285 847847 2050648 86 35694425 34108831 1016172 2582164 1454273 867 35252027 30737458 915973 3751210 1131879 163931 34108831 0.02000 0.45000 0.53000 0 0 386308 386308 1842314 418697 1423617 711908 358305 353603 12000 12000 0 356210 356210 2519738 Interest in UNC Investment Fund LLC 44836620 F 44836620 Present Value of Annuities Payable 463844 Notes Payable 1667767 Construction contracts payable 62607 Operating Lease Liability 649063 2843281 X 7503819 -2980 185171 166038 348229 7155590 267413 267413 7423003 8446312 166038 166038 8280274 267413 267413 8547687 Part V, Line 4: The income from the investments and trust is expendable for scholarship or general University support, while the principal is permanently restricted. Part X, Line 2: The Foundation believes that it has appropriate support for any tax positions taken and as such, does not have any uncertian tax positions that are material to the financial statements. Part XI, Line 2d - Other Adjustments: Depreciation on Rental Properties 166,038. Part XII, Line 2d - Other Adjustments: Depreciation on rental properties 166,038. X X X X X X X 1 NC Special events 230483 230483 230483 230483 230483 0 University of North Carolina at Asheville One University Heights Asheville NC 28804 566002370 NC state Univ system 1069716 0 To provide general assistance to the University University of North Carolina at Asheville One University Heights Asheville NC 28804 566002370 NC state Univ system 231786 0 To provide assistance to the University for equipment University of North Carolina at Asheville One University Heights Asheville NC 28804 566002370 NC state Univ system 150326 0 To provide assistance to the University for Private grants X Explore Asheville 1 190364 cost X Miscellaneous Items 1 15306 cost X Meals 1 6961 cost X Golf Club Packages & Items for Fundraiser 1 3274 cost 0 1 0 Form 990, Part VI, Section A, line 1a The Executive Committee shall meet on call by the Chair of the Board and shall have power to act for the Board in the interim between Board meetings and all such actions taken by the Executive Committee shall be reported to the Board at its next regular or special meeting. The Audit Committee shall provide oversight for all aspects of the Foundation's finances, including but not limited to monitoring the performance of the budget, reviewing the actions of the Treasurer and designees, and appointing an external auditor on an annual basis. Form 990, Part VI, Section A, line 3 The Foundation does not currently have employees. All persons providing service to the Foundation are employees of the University of North Carolina at Asheville. The value of these services is recorded as a noncash contribution. Form 990, Part VI, Section B, line 11b Form 990 is provided first to the audit committee for review. The 990 is then provided to the full Board of Directors for their review prior to a scheduled board meeting, at which any required discussions will occur and the form will be approved for filing. Form 990, Part VI, Section B, line 12c The Board of Directors overview potential conflicts of interest during regular board meetings. If conflicts are found to exist, they are resolved by the board at that time. Form 990, Part VI, Section C, line 18 Form 990 is available for public inspection on the Internal Revenue Service website. Form 990, Part VI, Section C, line 19 The entities organizational documents and documentation of exempt status are maintained at the location of the entity. They are open and available to public inspection upon request. Form 990, Part IX, line 11g Contract services: Program service expenses 576,133. Management and general expenses 188,267. Fundraising expenses 132,205. Total expenses 896,605. Other services: Program service expenses 167,011. Management and general expenses 2,561. Fundraising expenses 11,615. Total expenses 181,187. Part XII, Line 2c This process had not changed from prior years. UNC Asheville Baseball Stadium LLC One University Heights Asheville NC 28804 463901116 Expansion of existing baseball stadium of UNC Asheville NC 3106 67133 University of North Carolina at Asheville Foundation Inc UNC Asheville Real Estate LLC One University Heights Asheville NC 28804 464431330 Real estate management and acquisition NC 378606 377006 University of North Carolina at Asheville Foundation Inc UNC Asheville Makerspace LLC One University Heights Asheville NC 28804 811589683 Operating lease of commercial building NC 87621 1056927 University of North Carolina at Asheville Foundation Inc UNC Asheville Riverside Property LLC One University Heights Asheville NC 28804 820735906 Operating lease of building NC 156971 1828536 University of North Carolina at Asheville Foundation Inc