2019-12-16T07:28:34-06:00 2019-06-30 205907591 SMITH LEONARD PLLC 4035 PREMIER DRIVE SUITE 300 HIGH POINT NC 27265 990 2018-07-01 566064850 UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS FOUNDATION INC UNIV 3367703333 1533 SOUTH MAIN STREET WINSTONSALEM NC 27127 JOHN WIGODSKY TREASURER 3367703333 2019-12-11 1 ADRIENNE MCKINNEY P00819656 3368830181 216.237.202.66 2019-12-11 14:19:05 ES P C64610ABE23AD5845076C6771D0CCBF5592AB213 63B3CDAA9C4072EEB47B7B98275442971F727DE4 2018 2020-04-17 16:48:07Z JOHN WIGODSKY 1533 SOUTH MAIN STREET WINSTONSALEM NC 27127 15210554 0 X WWW.UNCSA.EDU/FOUNDATIONACCOUNTING X 1964 NC TO FOSTER AND PROMOTE THE GROWTH, PROGRESS, AND GENERAL WELFARE OF THE UNCSA. 25 25 1 25 0 0 10379347 14595449 0 0 128213 221883 318556 274295 10826116 15091627 2056936 2220448 0 0 1306528 1058422 91608 0 351815 2714620 2554548 6169692 5833418 4656424 9258209 64476027 76961641 786093 304544 63689934 76657097 X UNCSA FOUNDATION'S PRIMARY PURPOSE IS TO FINANCIALLY SUPPORT THE ADVANCEMENT AND ACHIEVEMENT OF THE STUDENTS, FACULTY, AND STAFF OF THE UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS. THE UNCSA FOUNDATION STRIVES TO SUPPORT THE STRATEGIC INITIATIVES OF UNCSA. 0 0 4666184 2220448 THE UNCSA FOUNDATION, INC. COORDINATES THE FUNDING OF THE UNCSA'S PROGRAMS, SCHOLARSHIPS, AND GUEST ARTISTS. THE UNIVERSITY OF NORTH CAROLINA SCHOOL OF ARTS (FURTHER REFERRED TO AS "UNCSA") IS DEDICATED ENTIRELY TO THE PROFESSIONAL TRAINING OF THE STUDENTS POSSESSING EXCEPTIONAL TALENTS IN PERFORMING, VISUAL, AND MOVING IMAGE ARTS. UNCSA IS COMMITTED TO THE IDEA THAT ART COMBINES CRAFT, IMAGINATION, PASSION AND INTELLECT. SCHOLARSHIPS CAN BE AWARDED BASED ON TALENT, DEMONSTRATED NEED, OR A COMBINATION OF BOTH. UNCSA PROVIDES STUDENTS WITH THE INVALUABLE EXPERIENCE OF WORKING WITH MANY INTERNATIONALLY RENOWNED ARTISTS WHO TEACH MASTER CLASSES, WORK ONE-ON-ONE WITH STUDENTS IN COACHING SESSIONS, AND TEACH CLASSES. UNCSA STRIVES TO IMPROVE THE CULTURE OF NORTH CAROLINA THROUGH COMMUNITY ENGAGEMENT TO FURTHER THE ADVANCEMENT OF THE ARTS. 4666184 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 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 277 0 1 1 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 0 0 MD MN NH NJ OH SC UT X CINDY LIBERTY 3367703333 1903 S MAIN STREET WINSTONSALEM NC 27127 FRANK LORD MEMBER 1.00 X 0 0 0 THOMAS ADAMS MEMBER 1.00 X 0 0 0 WESLEY DAVIS MEMBER 1.00 X 0 0 0 DOUG HENDERSON MEMBER 1.00 X 0 0 0 JIM MARTIN MEMBER 1.00 X 0 0 0 NOLA MILLER MEMBER 1.00 X 0 0 0 BILL WATSON VICE PRESIDENT 1.00 X X 0 0 0 PETER JURAN PRESIDENT 1.00 X X 0 0 0 KAY DONAHUE MEMBER 1.00 X 0 0 0 DAVID HINTON MEMBER 1.00 X 0 0 0 DANIEL EARTHMAN MEMBER 1.00 X 0 0 0 PETE RITCHER MEMBER 1.00 X 0 0 0 BARRY EISENBERG MEMBER 1.00 X 0 0 0 STEVE KARR SECRETARY 1.00 X X 0 0 0 JOHN WIGODSKY TREASURER 1.00 X X 0 0 0 DARA FOLAN MEMBER 1.00 X 0 0 0 MARY PERKINS MEMBER 1.00 X 0 0 0 TAYLOR SHIPLEY ASSISTANT TREASURER 1.00 X X 0 0 0 DAVID BROUGHTON MEMBER 1.00 X 0 0 0 JIM M RUFFIN MEMBER 1.00 X 0 0 0 ANDY M SCHNEIDER MEMBER 1.00 X 0 0 0 ROB SIMON MEMBER 1.00 X 0 0 0 ART BLOOM MEMBER 1.00 X 0 0 0 BETTYE BARRETT MEMBER 1.00 X 0 0 0 CHRYSTAL PARNELL MEMBER 1.00 X 0 0 0 CINDY LIBERTY EXECUTIVE DIRECTOR 40.00 X 145000 0 22757 145000 0 22757 1 0 1 0 BNY MELLON 225 LIBERTY STREET NEW YORK NY 10286 INVESTMENT MANAGEMENT FEES 239001 BOSTON CONSULTING GROUP INC ONE BEACON STREET BOSTON MA 02109 DESIGN & CONSULTING SERVICES 225000 2 24308 14571141 622633 14595449 221883 221883 169025 24308 118927 50098 50098 OTHER INCOME 900099 209340 209340 ADMINISTRATIVE FEE 900099 14857 14857 224197 15091627 224197 0 271981 X 2124826 2124826 95622 95622 186992 186992 871430 584977 218461 67992 30750 30750 239001 239001 887101 699438 9058 178605 25613 11881 13732 401247 277730 89074 34443 29529 21892 7637 404688 398103 13 6572 59896 54234 3135 2527 25281 9437 15844 GUEST ARTIST EXPENSE 166214 166214 SPECIAL EVENTS 62889 57139 5750 ENTERTAINMENT 48204 44142 111 3951 FLOWERS & GIFTS 47804 38325 476 9003 126331 104116 612 21603 5833418 4666184 815419 351815 9878613 14927440 8776897 8987651 28923 26192 9533 6107 60001 0 60001 60001 44792209 52047380 15333 19903 914518 886967 64476027 76961641 27916 90113 758177 214431 786093 304544 X 817931 2198435 21595377 0 41276626 74458662 63689934 76657097 64476027 76961641 9258209 3708954 0 X X 0 1 X 1 0 X 5338138 8954814 15475777 10503201 14595449 54867379 5338138 8954814 15475777 10503201 14595449 54867379 20292995 34574384 3553 10671 61878 115767 221883 413752 264726 260330 223634 278871 274295 1301856 56582987 0.61100 0.62260 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 51022834 8990357 3798258 1416231 239001 62156217 44980778 2485125 4807007 1037748 212328 51022834 34587415 7852314 4091955 1371978 178928 44980778 35638719 894146 -599387 1179362 166701 34587415 32011944 1543522 2941915 695514 163148 35638719 1.00000 1 0 60000 60000 1 1 60001 ANNUITY INVESTMENTS 11100 F UNC INVESTMENT FUND 52036280 F 52047380 ANNUITY PAYMENT LIABILITY 18164 DUE TO UNCSA 196267 214431 X 18689309 3708954 8802 3717756 14971553 239001 -118927 120074 15091627 5539632 8802 118927 127729 5411903 239001 182514 421515 5833418 PART V, LINE 4: THE ORGANIZATION'S INTENDED USE OF ENDOWMENT FUNDS IS FOR SCHOLARSHIPS AND SCHOOL RELATED PROGRAMS FOR THE UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS. PART X, LINE 2: IT IS THE FOUNDATION'S POLICY TO EVALUATE ALL TAX POSITIONS AND TO IDENTIFY ANY THAT MAY BE CONSIDERED UNCERTAIN. ALL IDENTIFIED MATERIAL TAX POSITIONS ARE ASSESSED AND MEASURED BY A "MORE-LIKELY-THAN-NOT" THRESHOLD TO DETERMINE IF THE TAX POSITION IS UNCERTAIN AND WHAT, IF ANY, THE EFFECT OF THE UNCERTAIN TAX POSITION MAY HAVE ON THE CONSOLIDATED FINANCIAL STATEMENTS. ANY CHANGES IN THE AMOUNT OF A TAX POSITION WILL BE RECOGNIZED IN THE PERIOD THE CHANGE OCCURS. CURRENTLY, THE STATUTE OF LIMITATIONS REMAINS OPEN SUBSEQUENT TO AND INCLUDING FISCAL YEAR 2016; HOWEVER, NO EXAMINATIONS ARE IN PROCESS. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES NETTED FROM EVENT REVENUE -118,927. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES NETTED FROM EVENT REVENUE 118,927. PART XII, LINE 4B - OTHER ADJUSTMENTS: TRANSFERS TO UNCSA 182,514. X X X X X X 0 AL AR CA CT FL GA HI IL KS KY LA MA MD MI MN MO MS NC ND NH NJ NM NV NY OH OK OR PA RI SC TN UT VA WA WI WV ME AK SCHOLARSHIP FUNDRAISING 152493 6293 146200 41541 52224 GUEST ARTIST ENDOWMENT 14275 8500 5775 4349 1821 8 26565 9515 17050 214 10914 3257 4607 193333 24308 169025 214 56804 3257 58652 118927 50098 1 UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS 1533 SOUTH MAIN STREET WINSTONSALEM NC 27127 566065273 GOVERNMENTAL UNIT 2124826 PAYMENTS FOR SCHOLARSHIPS GRANTS TO STUDENTS AND FACULTY FOR CAREER DEVELOPMENT AND THE FURTHERMENT OF KNOWLEDGE, PROFICIENCY, AND SKILLFULNESS. 105 95622 SCHEDULE I, PART I, LINE 1 THE FOUNDATION RECEIVES REPORTS FROM THE FINANCIAL AID DEPARTMENT AT UNCSA REGARDING SCHOLARSHIP AWARDS. 1 X 0 0 0 0 0 0 0 0 0 CINDY LIBERTY EXECUTIVE DIRECTOR 145000 0 0 0 0 0 12000 0 10757 0 167757 0 0 0 PART I, LINE 3 ON AN ANNUAL BASIS THE EXECUTIVE DIRECTOR HAS A WRITTEN REVIEW FROM THE TREASURER AND PRESIDENT OF THE UNCSA FOUNDATION. DURING THE REVIEW PROCESS, NOT ONLY ARE ACCOMPLISHMENTS FROM THE PREVIOUS YEARS REVIEWED AND DISCUSSED, BUT GOALS FOR THE UPCOMING YEAR ARE ALSO REVIEWED AND AGREED UPON. SINCE THE POSITION IS UNIQUE IN NATURE EVEN COMPARED TO OTHER UNIVERSITIES IN THE SYSTEM, THE SALARY IS REVIEWED IN CONTEXT WITH OTHER MEMBERS OF THE CHANCELLOR'S CABINET AND THE UNIVERSITY DEANS. BY COMPARING THIS POSITION'S SALARY AND BENEFIT PACKAGE WITH THE COUNTERPARTS THAT THE POSITION WORKS WITH TO HELP MAINTAIN AND MANAGE THE OPERATIONS OF THE ENTITIES THAT ARE SUPPORTED BY THESE EFFORTS, IT GIVES THE FOUNDATION BOARD REASONABLE ASSURANCE OF KEEPING THE SALARY COMPETITIVE. X 16 622633 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE DIRECTOR AND TREASURER REVIEW THE FORM 990 IN DETAIL. IT IS THEN PROVIDED TO THE GOVERNING BOARD BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD MEMBERS COMPLETE A CONFLICT OF INTEREST SURVEY ANNUALLY. IF THEY HAVE CONFLICTS, MEMBERS DO NOT VOTE ON RELATED ITEMS. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE DIRECTOR'S SALARY IS REVIEWED AND VOTED ON ANNUALLY BY THE EXECUTIVE COMMITTEE. SEE SCHEDULE J. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS FOUNDATION MAKES DOCUMENTS REQUIRED TO BE OPEN FOR PUBLIC INSPECTION AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING-STRATEGY: PROGRAM SERVICE EXPENSES 225,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 225,000. MISC. CONTRACTORS: PROGRAM SERVICE EXPENSES 474,438. MANAGEMENT AND GENERAL EXPENSES 9,058. FUNDRAISING EXPENSES 178,605. TOTAL EXPENSES 662,101. FORM 990, PART XII, LINE 2C: NO CHANGES HAVE BEEN MADE FROM THE PRIOR PERIOD. UNCSA FOUNDATION MANAGEMENT LLC 1533 S MAIN ST WINSTON SALEM NC 27127 814166820 ACCEPT REAL ESTATE DONATIONS NC 0 0 UNC SCHOOL OF THE ARTS FOUNDATION