Unc Management Company Inc
- Assets
- $53.1m
- Revenue
- $30.5m
- Investments
- $31.3m
- Employees
- 41
- Location
- Chapel Hill, NC
- Founding
- 12/2002
- Data as of
- 06/2022
- EIN
- 36-4516257
Organization Overview
Unc Management Company Inc is located in Chapel Hill, NC. The organization was established in 2002. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Unc Management Company Inc employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Unc Management Company 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, Unc Management Company Inc generated $30.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $28.0m during the year ending 06/2022. While expenses have increased by 12.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathon C King President | OfficerTrustee | 50 | $2,568,307 |
Kevin Tunick VP - Private Investments | Officer | 50 | $1,219,336 |
Joshua Shapiro VP - Inv Strategy & Risk Mgmt | Officer | 50 | $1,131,201 |
Edward Hetherington VP - Public Investments | Officer | 50 | $1,101,574 |
Rodgers Harshbarger Senior Director - Investments | 50 | $764,376 | |
Angela Moss Senior Director - Investments | 50 | $738,096 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Factset Research Systems Software | 6/29/22 | $325,000 |
University Accounting Services Accounting | 6/29/22 | $930,430 |
Burgiss Group Software | 6/29/22 | $147,360 |
Backstop Solutions Group Software | 6/29/22 | $109,689 |
Logically Tech Support | 6/29/22 | $160,862 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $30,440,928 |
| Investment income | $10,981 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $76,615 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,528,524 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,000,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $7,067,711 |
| Compensation of current officers, directors, key employees. | $978,560 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,673,810 |
| Pension plan accruals and contributions | $1,095,302 |
| Other employee benefits | $1,058,396 |
| Payroll taxes | $898,995 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,223 |
| Fees for services: Accounting | $1,108,397 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $149,844 |
| Fees for services: Other | $12,000 |
| Advertising and promotion | $0 |
| Office expenses | $389,599 |
| Information technology | $1,071,525 |
| Royalties | $0 |
| Occupancy | $791,895 |
| Travel | $228,748 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $61,449 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $140,457 |
| Insurance | $160,800 |
| All other expenses | $0 |
| Total functional expenses | $27,964,769 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,459,608 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,524,250 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $446,815 |
| Net Land, buildings, and equipment | $266,529 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $31,284,906 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,114,959 |
| Total assets | $53,097,067 |
| Accounts payable and accrued expenses | $14,477,338 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,526,132 |
| Total liabilities | $21,003,470 |
| Net assets without donor restrictions | $32,093,597 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $53,097,067 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Federation Of Independent Business Inc Nashville, TN | $77,203,691 | $109,079,617 |
North American Electric Reliabilitycorporation Atlanta, GA | $65,227,333 | $81,782,902 |
Gsma Ltd Atlanta, GA | $262,728,803 | $123,320,595 |
Packaging Machinery Manufacturers Institute Inc Herndon, VA | $71,869,344 | $62,733,082 |
Consumer Technology Association Arlington, VA | $357,760,838 | $25,474,279 |
Srcco Inc Durham, NC | $42,497,453 | $49,465,239 |
Fs-Isac Inc Reston, VA | $27,418,346 | $31,957,295 |
National Association Of Convenience Stores Inc Alexandria, VA | $81,131,547 | $56,800,862 |
National Association Of State Boards Of Accountancy Inc Nashville, TN | $83,126,370 | $38,317,801 |
Air-Conditioning Heating And Refrigeration Institute Arlington, VA | $58,066,234 | $32,390,159 |
Southern Motor Carriers Association Inc Peachtree City, GA | $87,365,051 | $35,375,343 |
Unc Management Company Inc Chapel Hill, NC | $53,097,067 | $30,528,524 |