Civic Intelligence

The University of North Carolina At

EIN 23-7073829 • 501(c)3 • Asheville, NC

Profile

The mission of the UNC Asheville Foundation, Inc. is to secure, manage, and distribute private support to enhance the growth and development of UNC Asheville.

One University HeightsAsheville, NC 28804

www.unca.edu

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

24th percentile

0.07x

Higher debt load relative to assets than 24% of similar nonprofits.

NTEE B • $50M-$100M nonprofits • Source year 2025

Liabilities / Revenue

44th percentile

0.53x

Higher debt load relative to revenue than 44% of similar nonprofits.

NTEE B • $50M-$100M nonprofits • Source year 2025

Net Margin

80th percentile

22%

Higher net margin than 80% of similar nonprofits.

NTEE B • $50M-$100M nonprofits • Source year 2025

Top Officer Pay

13th percentile

$0

Higher top officer pay than 13% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE B • $50M-$100M nonprofits • Source year 2025

Asset Growth

74th percentile

9.8%

Faster asset growth than 74% of similar nonprofits.

NTEE B • $50M-$100M nonprofits • Annualized from 2024 to 2025

Revenue Growth

83rd percentile

29%

Faster revenue growth than 83% of similar nonprofits.

NTEE B • $50M-$100M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets24th percentile

Assets

Up

$67,155,424

Up $6,012,990 (+9.8%) from 2024

Liabilities

Up

$4,998,912

Up $240,146 (+5.0%) from 2024

Net Assets

Up

$62,156,512

Up $5,772,844 (+10%) from 2024

Operations
Liabilities / Revenue44th percentileNet Margin80th percentile

Revenue

Up

$9,434,710

Up $2,117,424 (+29%) from 2024

Expenses

Down

$7,386,521

Down $4,017,856 (-35%) from 2024

Net Income

Up

$2,048,189

Up $6,135,280 (+150%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth74th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80M$60M$40M$20M$0Assets 2020: $46,518,233Liabilities 2020: $4,678,115Net Assets 2020: $41,840,1182020Assets 2021: $61,388,528Liabilities 2021: $3,857,432Net Assets 2021: $57,531,0962021Assets 2022: $61,754,429Liabilities 2022: $5,165,826Net Assets 2022: $56,588,6032022Assets 2023: $62,884,016Liabilities 2023: $5,349,292Net Assets 2023: $57,534,7242023Assets 2024: $61,142,434Liabilities 2024: $4,758,766Net Assets 2024: $56,383,6682024Assets 2025: $67,155,424Liabilities 2025: $4,998,912Net Assets 2025: $62,156,5122025

Highlighted filing

2025

Assets$67,155,424
Liabilities$4,998,912
Net Assets$62,156,512
Open 2025 Filing

Operations Trend

Revenue Growth83rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2020: $7,984,348Expenses 2020: $5,457,417Net Income 2020: $2,526,9312020Revenue 2021: $7,656,005Expenses 2021: $5,530,168Net Income 2021: $2,125,8372021Revenue 2022: $7,423,002Expenses 2022: $8,362,516Net Income 2022: -$939,5142022Revenue 2023: $9,511,257Expenses 2023: $7,198,608Net Income 2023: $2,312,6492023Revenue 2024: $7,317,286Expenses 2024: $11,404,377Net Income 2024: -$4,087,0912024Revenue 2025: $9,434,710Expenses 2025: $7,386,521Net Income 2025: $2,048,1892025

Highlighted filing

2025

Revenue$9,434,710
Expenses$7,386,521
Net Income$2,048,189
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$67,155,424
Liabilities
$4,998,912
Net assets
$62,156,512
Revenue
$9,434,710
Expenses
$7,386,521
Net income
$2,048,189
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$67.2$5.00$62.2$9.43$7.39$2.05
2024Detailed filing. Detailed filing data is available for this year.$61.1$4.76$56.4$7.32$11.4$4.09
2023Detailed filing. Detailed filing data is available for this year.$62.9$5.35$57.5$9.51$7.20$2.31
2022Detailed filing. Detailed filing data is available for this year.$61.8$5.17$56.6$7.42$8.36$0.94
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$61.4$3.86$57.5$7.66$5.53$2.13
2020Detailed filing. Detailed filing data is available for this year.$46.5$4.68$41.8$7.98$5.46$2.53
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Mar 3, 2026
Return Version
2024v5.5
Gross Receipts
$12,199,035
Mission and Program Overview

Mission

The mission of the UNC Asheville Foundation, Inc. is to secure, manage, and distribute private support to enhance the growth and development of UNC Asheville.

To secure, manage and distribute private support to enhance the growth and development of the University of North Carolina at Asheville.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$44,027,981$47,735,437▲ $3,707,456
Savings and Temporary Cash Investments$4,168,687$6,666,420▲ $2,497,733
Investments in Publicly Traded Securities$5,539,144$5,860,112▲ $320,968
Accounts Receivable$1,998,052$1,965,655▼ $32,397
Pledges and Grants Receivable$1,946,787$1,904,448▼ $42,339
Land, Buildings, and Equipment, Net$2,286,795$1,902,545▼ $384,250
Prepaid Expenses and Deferred Charges$163,354$166,018▲ $2,664
Total Assets$61,142,434$67,155,424▲ $6,012,990
Other Assets Total$1,011,634$954,789▼ $56,845
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,348,342$3,304,375▼ $43,967
Other Liabilities$1,046,139$1,318,169▲ $272,030
Accounts Payable and Accrued Expenses$364,285$376,368▲ $12,083
Total Liabilities$4,758,766$4,998,912▲ $240,146
Net Assets / Fund Balance
Net Assets With Donor Restrictions$54,171,975$60,232,832▲ $6,060,857
Net Assets Without Donor Restrictions$2,211,693$1,923,680▼ $288,013
Total Net Assets Fund Balance$56,383,668$62,156,512▲ $5,772,844
Total Liabilities and Net Assets / Fund Balance$61,142,434$67,155,424▲ $6,012,990

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$555,575$704,820$1,260,395
Land$719,730-$719,730
Leasehold Improvements$131,255$580,653$711,908
Other Land Buildings$495,985-$495,985
Equipment$0$12,000$12,000
Other Securities$47,735,437--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$49,156,497$1,548,086▲ $5,201,104-$53,171,579
2023$47,222,052$340,852▲ $5,375,530-$49,156,497
2022$49,113,095$773,555▲ $143,684-$47,222,052
2021$48,749,566$1,866,274▲ $1,648,733-$49,113,095
2020$35,694,425$846,520▲ $14,226,660-$48,749,566
Compensation and Service Providers
Top Officer Pay13th percentile

Board Members and Trustees

NameTitle
Darlene DavisBoard Chair
Greg BurnetteVice Chair
Al DavisDirector
Anthony ThomasDirector
Becky SanftDirector
Carter WebbDirector
Cynthia EllerDirector
Ellen CarrDirector
Frank MoretzDirector
Keith BlackDirector
Kenya EdwardsDirector
Maryann JonesDirector
Michael RaymondDirector
Mike TracyDirector
Patrick BlalockDirector
Patrick FooDirector
Tom SteeleDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
ServProDisaster mitigation336 Old Shoals Road, Arden, NC 28704$284,417
David E Looper & CompanyFacility Construction320 15th Street SE, Hickory, NC 28602$239,917
RW Jones AgencyPublic Relations Services15200 Santa Fe Trail Dr Ste 200, Lenexa, KS 66219-1457$220,000
The Omni Grove Park InnEvent Space and Hotel Rental290 Macon Ave, Asheville, NC 28804$120,643
Revenue and Support

Revenue Composition

Contributions and Grants
$7,310,868
Program Service Revenue
$0
Investment Income
$1,365,641
Other Revenue
$758,201
All Other Contributions
$7,310,868
Change in Net Assets
$2,048,189

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$15,444Cost
Other Non Cash Contri Table1$11,990Cost
Other Non Cash Contri Table1$7,000Cost
Other Non Cash Contri Table1$6,000Cost
Other Non Cash Contri Table1$4,250Cost
Other Non Cash Contri Table1$3,500Cost
Other Non Cash Contri Table1$2,736Cost
Other Non Cash Contri Table1$2,401Cost
Other Non Cash Contri Table1$2,000Cost
Other Non Cash Contri Table1$800Cost
Other Non Cash Contri Table1$350cost
Other Non Cash Contri Table1$300Cost
Other Non Cash Contri Table1$200Cost
Other Non Cash Contri Table1$146Cost
Other Non Cash Contri Table1$82Cost
Total Noncash Contributions15$57,199-

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,369,191
Revenue Not Reported on Financial Statements
$65,519
Revenue Not Reported on Form 990
$4,327,567
Other Revenue Adjustments
$-131,740
Total Revenue per Audited Statements
$13,696,758
Total Revenue per Form 990
$9,434,710
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$4,615,278
Other Expenses$2,771,243
Total Fundraising Expense$465,544
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$4,615,278--$4,615,278
Fees for Services Other$547,761$7,812$209,475$765,048
All Other Expenses$193,331-$45,887$239,218
Interest$226,317--$226,317
Fees for Service Investment Mgmnt Fees-$197,259-$197,259
Travel$112,852$10$44,942$157,804
Other Expenses$78,812$180$51,526$130,518
Fees for Services Lobbying$82,500--$82,500
Depreciation Depletion$76,808--$76,808
Fees for Services Legal$17,209$28,335-$45,544
Insurance$36,111$2,591-$38,702
Fees for Services Accounting-$33,550-$33,550
Advertising$16,810--$16,810
Total Functional Expenses$6,640,555$280,422$465,544$7,386,521

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$7,504,256
Total Expenses per Form 990$7,386,521
Expenses per Audited Statements$6,901,344
Expenses Not Reported on Form 990$602,912
Expenses Not Reported on Financial Statements$485,177
Other Expense Adjustments$287,918
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of North Carolina at AshevilleAsheville, NCNC state Univ systemTo provide general assistance to the University$2,229,982
University of North Carolina at AshevilleAsheville, NCNC state Univ systemTo provide assistance to university for scholarships$1,744,626
University of North Carolina at AshevilleAsheville, NCNC state Univ systemTo provide assistance to the University for Private grants$580,700
University of North Carolina at AshevilleAsheville, NCNC state Univ systemTo provide equipment to the University.$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$25,242
Fundraising Direct Expenses$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Special events$25,242$25,242-$25,242
Total Events$25,242$25,242-$25,242
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$446,548
Present Value of Annuities Payable$385,755
Unearned Revenue$267,649
Construction contracts payable$207,306
Construction Retainage Payable$10,911
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, line 1A

“The Executive Committee shall meet on call by the Chair of the Board and shall have power to act for the Board in the interim between Board meetings and all such actions taken by the Executive Committee shall be reported to the Board at its next regular or special meeting. The Audit Committee shall provide oversight for all aspects of the Foundation's finances, including but not limited to monitoring the performance of the budget, reviewing the actions of the Treasurer and designees, and appointing an external auditor on an annual basis.”

Form 990, Part VI, Section A, line 3

“The Foundation does not currently have employees. All persons providing service to the Foundation are employees of the University of North Carolina at Asheville. The value of these services is recorded as a noncash contribution.”

Form 990, Part VI, Section B, line 11B

“Form 990 is provided first to the audit committee for review. The 990 is then provided to the full Board of Directors for their review prior to a scheduled board meeting, at which any required discussions will occur and the form will be approved for filing.”

Form 990, Part VI, Section B, line 12C

“The Board of Directors overview potential conflicts of interest during regular board meetings. If conflicts are found to exist, they are resolved by the board at that time.”

Form 990, Part VI, Section C, line 18

“Form 990 is available for public inspection on the Internal Revenue Service website.”

Form 990, Part VI, Section C, line 19

“The entities organizational documents and documentation of exempt status are maintained at the location of the entity. They are open and available to public inspection upon request.”

Filing and Contact Details

Filer

Filer Name
The University of North Carolina at
EIN
23-7073829
Phone
8282516716
Address
One University Heights, Asheville, NC 28804

Signing Officer

Name
Mary Hall
Title
Treasurer
Phone
8282516716
Signed
2026-03-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary Hall
Formed
1965
Legal Domicile
Nc
Voting Board Members
17
Independent Board Members
17
Employees
0
Volunteers
0

Preparer

Firm
Burleson & Earley Pa
Address
902 Sand Hill Road, Asheville, NC 28806
Preparer
Robin G Earley CPA
Phone
8282512846
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

“Other services: Program service expenses 78,386. Management and general expenses 5,111. Fundraising expenses 51,594. Total expenses 135,091. Contract services: Program service expenses 469,375. Management and general expenses 2,701. Fundraising expenses 157,881. Total expenses 629,957.”

Part XII, Line 2C

“This process had not changed from prior years.”

Financial Statement Notes

Part V, Line 4:

“The income from the investments and trust is expendable for scholarship or general University support, while the principal is permanently restricted.”

Part X, Line 2:

“The Foundation believes that it has appropriate support for any tax positions taken and as such, does not have any uncertian tax positions that are material to the financial statements.”

Part XI, Line 2D - Other Adjustments:

“Rental property expenses 169,779.”

Part XI, Line 4B - Other Adjustments:

“Flood Insurance proceeds 500,000. Impairment of Long-Lived Asset -631,740.”

Part XII, Line 2D - Other Adjustments:

“Depreciation on rental properties 169,779. Rounding”

Part XII, Line 4B - Other Adjustments:

“Flood Damage Assessment 287,917. Rounding 1.”

Raw XML AppendixShowing 400 of 835 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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