Skip to content
ProPublica Donate
ProPublica Donate

University Of North Carolina Foundation Inc

  • Raleigh, NC
  • Tax-exempt since May 2000
  • EIN: 56-2180508

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Education N.E.C. (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2023 tax filing, this nonprofit:

Operated a donor-advised fund
Organization maintained a donor-advised fund or similar account through which donors could direct the distribution or investment of funds. Details are reported on Schedule D.

Summary charts: organization finances over time

Revenue
$5.82M (2023)

Expenses
$4.46M (2023)

Total Assets
$40.4M (2023)

Total Liabilities
$34.4M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,823,316
Expenses
$4,457,286
Net Income
$1,366,030
Net Assets
$5,926,705
Notable Sources of Revenue Percent of Total Revenue
Contributions $721,131
12.4%
Program Services $353,000
6.1%
Investment Income $116,143
2.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $3,418,195
58.7%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,214,847
20.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $40,361,879
Total Liabilities $34,435,174
Net Assets $5,926,705
Other
Operated a donor-advised fund
Compensation
Key Employees and Officers Compensation Related Other
Peter Hans (Director) $0 $422,231 $8,011
Andrew T Tripp (Director) $0 $305,521 $14,877
Michael Vollmer (Director) $0 $308,524 $8,388
Norma Houston (Director) $0 $302,353 $10,617
Jennifer Haygood (Director) $0 $300,775 $8,311
Andrew P Kelly (Director) $0 $299,063 $8,155
David English (Director) $0 $269,929 $16,570
Kellie Hunt Blue (Ex Officio D) $0 $0 $0
Randall C Ramsey (Chairman) $0 $0 $0
Lee Roberts (Ex Officio D) $0 $0 $0
+ View more people

Document Links

990
Filed on May 10, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$736,089
Expenses
$1,496,789
Net Income
-$760,700
Net Assets
$4,330,158
Notable Sources of Revenue Percent of Total Revenue
Contributions $584,140
79.4%
Program Services $0
Investment Income $151,948
20.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $7,712,999
Total Liabilities $3,382,841
Net Assets $4,330,158
Other
Operated a donor-advised fund
Compensation
Key Employees and Officers Compensation Related Other
Peter Hans (Director) $0 $401,089 $6,689
Kim Van Noort (Director) $0 $336,734 $7,172
Andrew P Kelly (Director) $0 $281,875 $6,773
Jennifer Haygood (Director) $0 $280,166 $6,989
Andrew T Tripp (Director) $0 $270,835 $13,649
Norma Houston (Director) $0 $276,070 $7,765
Michael Vollmer (Director) $0 $103,715 $3,018
James L Holmes Jr (Ex Officio D) $0 $0 $0
David M Powers (Ex Officio D) $0 $0 $0
Randall C Ramsey (Chairman) $0 $0 $0
+ View more people

Document Links

990
Filed on March 28, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,591,553
Expenses
$711,802
Net Income
$1,879,751
Net Assets
$5,552,631
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,460,029
94.9%
Program Services $0
Investment Income $129,262
5.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,262
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $9,403,611
Total Liabilities $3,850,980
Net Assets $5,552,631
Other
Operated a donor-advised fund
Compensation
Key Employees and Officers Compensation Related Other
Kim Van Noort (Director) $0 $337,442 $7,160
Andrew P Kelly (Director) $0 $275,010 $6,761
Peter Hans (Director) $0 $166,290 $2,776
Jennifer Haygood (Director) $0 $116,419 $2,901
Norma Houston (Director) $0 $112,986 $3,118
Scott Bart Goodson (Director) $0 $0 $0
James L Holmes Jr (Ex Officio D) $0 $0 $0
David M Powers (Ex Officio D) $0 $0 $0
Randall C Ramsey (Chairman) $0 $0 $0
Andrew T Tripp (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on May 6, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,063
Expenses
$73,697
Net Income
-$58,634
Net Assets
$429,271
Notable Sources of Revenue Percent of Total Revenue
Contributions $12,394
82.3%
Program Services $0
Investment Income $2,669
17.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,839,857
Total Liabilities $4,410,586
Net Assets $429,271
Compensation
Key Employees and Officers Compensation Related Other
William Roper (Director) $0 $747,581 $14,637
Thomas Shanahan (Director) $0 $359,169 $34,095
Kim Van Noort (Director) $0 $282,435 $10,578
Clinton Carter (Director) $0 $267,353 $14,892
Andrew P Kelly (Director) $0 $249,001 $14,182
Jennifer Haygood (Incoming Dir) $0 $0 $0
Chris Mcclure (Director) $0 $0 $0
David M Powers (Ex Officio D) $0 $0 $0
Randall C Ramsey (Chairman) $0 $0 $0
O Temple Sloan (Ex Officio D) $0 $0 $0
+ View more people

Document Links

990
Filed on May 13, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$306,404
Expenses
$1,498,131
Net Income
-$1,191,727
Net Assets
$487,905
Notable Sources of Revenue Percent of Total Revenue
Contributions $303,350
99.0%
Program Services $0
Investment Income $3,054
1.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,977,099
Total Liabilities $3,489,194
Net Assets $487,905
Compensation
Key Employees and Officers Compensation Related Other
Harry L Smith Jr (Chairman) $0 $0 $0
William Roper (President) $0 $411,824 $0
Clinton Carter (Board Member) $0 $319,920 $0
Kim Van Noort (Board Member) $0 $336,409 $0
Thomas Shanahan (Board Member) $0 $435,693 $0
Chris Mcclure (Board Member) $0 $52,000 $0
Andrew P Kelly (Board Member) $0 $316,796 $0
David M Powers (Ex Officio Board Member) $0 $0 $0
O Temple Sloan (Ex Officio Board Member) $0 $0 $0
+ View more people

Document Links

990
Filed on March 22, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,779,789
Expenses
$324,877
Net Income
$1,454,912
Net Assets
$1,679,632
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,777,400
99.9%
Program Services $0
Investment Income $2,389
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,147,623
Total Liabilities $467,991
Net Assets $1,679,632
Compensation
Key Employees and Officers Compensation Related Other
Harry L Smith Jr (Chairman) $0 $0 $0
Margaret Spellings (President) $0 $0 $0
Clinton Carter Sr (Board Member) $0 $0 $0
Kim Van Noort (Board Member) $0 $0 $0
Thomas Shanahan Sr (Board Member) $0 $0 $0
Meredith B Didier (Board Member) $0 $0 $0
Andrew P Kelly (Board Member) $0 $0 $0
David M Powers (Ex Officio Board Member) $0 $0 $0
Wendy Murphy (Ex Officio Board Member) $0 $0 $0
+ View more people

Document Links

990
Filed on Feb. 21, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$181,672
Expenses
$276,347
Net Income
-$94,675
Net Assets
$224,720
Notable Sources of Revenue Percent of Total Revenue
Contributions $179,700
98.9%
Program Services $0
Investment Income $1,972
1.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $232,208
Total Liabilities $7,488
Net Assets $224,720
Compensation
Key Employees and Officers Compensation Related Other
W Louis Bissette Jr (Chairman) $0 $0 $0
Margaret Spellings (Board Member) $0 $0 $0
Junius Gonzales (Board Member) $0 $0 $0
Thomas C Shanahan (Board Member) $0 $0 $0
Kevin D Howell (Board Member) $0 $0 $0
Meredith B Didier (Board Member) $0 $0 $0
Jonathan C Pruitt (Board Member) $0 $0 $0
Andrew P Kelly (Board Member) $0 $0 $0
+ View more people

Document Links

990
Filed on May 9, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,380,375
Expenses
$1,408,766
Net Income
-$28,391
Net Assets
$319,395
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,378,498
99.9%
Program Services $0
Investment Income $1,877
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $319,395
Total Liabilities $0
Net Assets $319,395
Compensation
Key Employees and Officers Compensation Related Other
W Louis Bissette Jr (Chairman) $0 $0 $0
Margaret Spellings (Board Member) $0 $0 $0
Junius Gonzales (Board Member) $0 $0 $0
Charlie E Perusse (Board Member) $0 $0 $0
Thomas C Shanahan (Board Member) $0 $0 $0
Meredith B Didier (Board Member) $0 $0 $0
Jonathan C Pruitt (Board Member) $0 $0 $0
+ View more people

Document Links

990
Filed on Feb. 23, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$51,806
Expenses
$539,852
Net Income
-$488,046
Net Assets
$347,786
Notable Sources of Revenue Percent of Total Revenue
Contributions $50,250
97.0%
Program Services $0
Investment Income $1,556
3.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $354,915
Total Liabilities $7,129
Net Assets $347,786
Compensation
Key Employees and Officers Compensation Related Other
John C Fennebresque (Chairman) $0 $0 $0
Thomas W Ross (Board Member) $0 $0 $0
Charlie E Perusse (Board Member) $0 $0 $0
Junius Gonzales (Board Member) $0 $0 $0
Kevin M Fitzgerald (Board Member) $0 $0 $0
Thomas C Shanahan (Board Member) $0 $0 $0
+ View more people

Document Links

990
Filed on Feb. 8, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,038,630
Expenses
$922,872
Net Income
$115,758
Net Assets
$835,832
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,037,100
99.9%
Program Services $0
Investment Income $1,530
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $991,335
Total Liabilities $155,503
Net Assets $835,832

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,619,602
Expenses
$3,622,688
Net Income
-$3,086
Net Assets
$720,074
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,617,932
100.0%
Program Services $1,670
0.0%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $948,324
Total Liabilities $228,250
Net Assets $720,074

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$183,140
Expenses
$797,447
Net Income
-$614,307
Net Assets
$918,897
Notable Sources of Revenue Percent of Total Revenue
Contributions $180,352
98.5%
Program Services $0
Investment Income $2,788
1.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $919,360
Total Liabilities $463
Net Assets $918,897

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,204,421
Expenses
$247,431
Net Income
$956,990
Net Assets
$1,533,204
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,201,141
99.7%
Program Services $0
Investment Income $3,280
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,571,438
Total Liabilities $38,234
Net Assets $1,533,204

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated