University Of North Carolina At Asheville Foundation Inc

Organization Overview

University Of North Carolina At Asheville Foundation Inc is located in Asheville, NC. The organization was established in 1970. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of North Carolina At Asheville Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, University Of North Carolina At Asheville Foundation Inc generated $7.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $8.5m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, University Of North Carolina At Asheville Foundation Inc has awarded 15 individual grants totaling $9,186,024. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO SECURE, MANAGE AND DISTRIBUTE PRIVATE SUPPORT TO ENHANCE THE GROWTH AND DEVELOPMENT OF THE UNIVERSITY OF NORTH CAROLINA AT ASHEVILLE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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.


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Board, Officers & Key Employees

Name (title)Compensation
Maryann Jones
Vice Chair
$0
David Worley
Board Chair
$0
Donna Bailey
Director
$0
Michael Greene
Director
$0
Sue Mcclinton
Director
$0
George Morosani
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
James R Vannoy & Sons Construction
Construction Services
$1,041,517
One Diversified Llc
Consulting Services
$285,837
Icm Speakers
Consulting Services
$166,000
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$5,679,680
Noncash contributions included in lines 1a–1f $215,905
Total Revenue from Contributions, Gifts, Grants & Similar$5,679,680
Total Program Service Revenue$0
Investment income $108,299
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $40,931
Net Gain/Loss on Asset Sales $1,345,975
Net Income from Fundraising Events $230,483
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $7,423,002

Grants Awarded

Over the last fiscal year, University Of North Carolina At Asheville Foundation Inc has awarded $1,451,828 in support to 3 organizations.

Grant RecipientAmount

UNIVERSITY OF NORTH CAROLINA AT ASHEVILLE

PURPOSE: To provide general assistance to the University

$1,069,716

UNIVERSITY OF NORTH CAROLINA AT ASHEVILLE

PURPOSE: To provide assistance to the University for equipment

$231,786

UNIVERSITY OF NORTH CAROLINA AT ASHEVILLE

PURPOSE: To provide assistance to the University for Private grants

$150,326
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 18 grants that University Of North Carolina At Asheville Foundation Inc has recieved totaling $2,102,001.

Awarding OrganizationAmount
Dogwood Health Trust

Asheville, NC

PURPOSE: JUST ACCOUNTING FOR HEALTH IN WESTERN NORTH CAROLINA

$856,160
Dogwood Health Trust

Asheville, NC

PURPOSE: WESTERN NC COLLABORATION FOR STUDENT ENGAGEMENT IN HEALTH PROMOTION

$486,524
The Community Foundation Of Western North Carolina Inc

Asheville, NC

PURPOSE: IMPROVING EDUCATIONAL OPPORTUNITIES

$309,823
Selby And Richard Mcrae Foundation

Jackson, MS

PURPOSE: STUDENT SCHOLARSHIPS & ATHLETIC ENHANCEMENTS

$275,000
Wnc Bridge Foundation

Asheville, NC

PURPOSE: IMPACT & NOW GRANTS

$80,000
Dogwood Health Trust

Asheville, NC

PURPOSE: EXPANDING VOUCHER ACCEPTANCE IN THE LANDLORD-TENANT PARTNERSHIP

$35,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$48,749,566
Earnings$1,648,733
Admin Expense$1,601
Net Contributions$1,866,274
Grants$3,149,877
Ending Balance$49,113,095

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