University Of North Carolina At Pembroke Foundation Inc
- Assets
- $67.1m
- Revenue
- $6.1m
- Investments
- $9.7m
- Employees
- 0
- Location
- Pembroke, NC
- Founding
- 04/2015
- Data as of
- 06/2021
- EIN
- 58-1592230
Organization Overview
University Of North Carolina At Pembroke Foundation Inc is located in Pembroke, NC. The organization was established in 2015. 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 Pembroke 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 06/2021, University Of North Carolina At Pembroke Foundation Inc generated $6.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $4.5m during the year ending 06/2021. While expenses have increased by 1.6% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE UNCP FOUNDATION, INC. IS AN INDEPENDENT, NONPROFIT CORPORATION CHARTERED IN 1968 FOR THE PURPOSE OF SEEKING, ACCEPTING, AND ADMINISTERING THE FULL RANGE OF PRIVATE CONTRIBUTIONS FOR THE UNIVERSITY OF NORTH CAROLINA AT PEMBROKE. THE MISSION OF THE FOUNDATION IS TO BUILD POSITIVE WORKING RELATIONSHIPS BETWEEN UNC PEMBROKE AND THE COMMUNITIES IT SERVES; GIVE LEADERSHIP TO THE DEVELOPMENT OF RESOURCES FOR PROGRAMS NOT FUNDED OR PARTIALLY FUNDED BY THE STATE; APPROVE PROGRAMS TO BE FUNDED FROM IDENTIFIED RESOURCES; PROMOTE THE WELFARE AND FUTURE DEVELOPMENT OF UNCP; SUPERVISE THE ADMINISTRATION OF SUCH FUNDS AND PROVIDE A FORMAL MECHANISM FOR IDENTIFYING AND UTILIZING VOLUNTEERS TO REALIZE THESE STATED GOALS. THE AIM OF THE FOUNDATION IS TO LINK THE COMMUNITY AND THE PROFESSIONAL AND BUSINESS WORLDS WITH THE ACADEMIC NEEDS OF UNCP. THE FOUNDATION SEEKS, RECEIVES, MANAGES, AND DISTRIBUTES RESTRICTED AND UNRESTRICTED GIFTS AS WELL AS ENDOWED, DEFERRED, AND SPECIAL GIFTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS THE SOLE MEMBER OF THE UNCP UNIVERSITY FOUNDATION, LLC AND THE UNCP STUDENT HOUSING FOUNDATION, LLC. EACH LLC ACQUIRES, DEVELOPS, CONSTRUCTS, AND OPERATES STUDENT HOUSING FOR THE UNIVERSITY OF NORTH CAROLINA AT PEMBROKE.
THE FOUNDATION PROMOTES PUBLIC UNDERSTANDING OF AND PROVIDES SUPPORT EXCLUSIVELY FOR UNC PEMBROKE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Gibson Vice Chair | OfficerTrustee | 1 | $0 |
Barry Hopkins Chair | OfficerTrustee | 1 | $0 |
Steve Varley President, Vice Chancellor For Advancement | OfficerTrustee | 1 | $0 |
Virginia Teachey Treasurer/secretary, Vice Chancellor For Finance & | OfficerTrustee | 1 | $0 |
Dr Robin Gary Cummings Chancellor | Officer | 1 | $0 |
Chris Peterkin Director, Alumni Board Representative | Trustee | 1 | $0 |
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 | $957,034 |
| Noncash contributions included in lines 1a–1f | $21,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $957,034 |
| Total Program Service Revenue | $4,614,826 |
| Investment income | $5,408 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$53,412 |
| Net Gain/Loss on Asset Sales | $275,745 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,145,944 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100,668 |
| Grants and other assistance to domestic individuals. | $217,642 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $52,923 |
| Fees for services: Other | $0 |
| Advertising and promotion | $330,691 |
| Office expenses | $177,288 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,108 |
| Travel | $76 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,057,670 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $139,367 |
| Insurance | $38,302 |
| All other expenses | $0 |
| Total functional expenses | $4,477,135 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,593,110 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $14,880 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $22,405,171 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $9,650,709 |
| Investments—program-related | $0 |
| Intangible assets | $1,025,865 |
| Other assets | $31,426,072 |
| Total assets | $67,115,807 |
| Accounts payable and accrued expenses | $457,684 |
| Grants payable | $0 |
| Deferred revenue | $149,229 |
| Tax-exempt bond liabilities | $45,146,835 |
| 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 | $1,062,119 |
| Total liabilities | $46,815,867 |
| Net assets without donor restrictions | $905,940 |
| Net assets with donor restrictions | $19,394,000 |
| 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 | $67,115,807 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that University Of North Carolina At Pembroke Foundation Inc has recieved totaling $316,516.
| Awarding Organization | Amount |
|---|---|
North Carolina Community Foundation Inc Raleigh, NC PURPOSE: EDUCATION | $251,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $25,000 |
Nc Idea Durham, NC PURPOSE: ECOSYSTEM GRANTS | $24,000 |
Ralph M Parsons Foundation Los Angeles, CA PURPOSE: FOR THE THOMAS FAMILY CENTER FOR ENTREPRENEURSHIP | $10,000 |
Caton Family Charitable Foundation Wilmington, DE PURPOSE: LICENSURE EXAM FEES | $5,000 |
Caton Family Charitable Foundation Wilmington, DE PURPOSE: CARE RESOURCE CENTER IN THE OFFICE OF COMMUNITY SERVICE AND ENGAGEMENT TO SUPPORT THE FOOD PANTRY OR PROFESSIONAL CLOTHING CLOSET ON CAMPUS | $1,000 |
Endowment Analysis
| Beg. Balance | $6,919,462 |
| Earnings | $2,578,690 |
| Net Contributions | $523,790 |
| Other Expense | $52,923 |
| Grants | $318,310 |
| Ending Balance | $9,650,709 |