Civic Intelligence

Union Square Campus Inc.

990 • Fiscal year 2017 • EIN 46-4753139

Jan 01, 2017 to Dec 31, 2017 • Filed on Jul 17, 2018

2901 East Gate City Blvd No 2400Greensboro, NC 27401

(336) 375-9232

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

76th percentile

0.62x

Higher debt load relative to assets than 76% of similar nonprofits.

2017 filings • NTEE B • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

92nd percentile

7.05x

Higher debt load relative to revenue than 92% of similar nonprofits.

2017 filings • NTEE B • $25M-$50M nonprofits • Source year 2017

Net Margin

9th percentile

-14%

Higher net margin than 9% of similar nonprofits.

2017 filings • NTEE B • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

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

2017 filings • NTEE B • $25M-$50M nonprofits • Source year 2017

Asset Growth

3rd percentile

-12%

Faster asset growth than 3% of similar nonprofits.

2017 filings • NTEE B • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

6th percentile

-29%

Faster revenue growth than 6% of similar nonprofits.

2017 filings • NTEE B • $25M-$50M nonprofits • Annualized from 2016 to 2017

Assets

Down

$26,537,321

Down $3,546,994 (-12%) from 2016

Net Assets

Down

$9,974,120

Down $321,507 (-3.1%) from 2016

Liabilities

Down

$16,563,201

Down $3,225,487 (-16%) from 2016

Revenue

Down

$2,349,538

Down $953,931 (-29%) from 2016

Expenses

Up

$2,671,045

Up $1,535,009 (+135%) from 2016

Net Income

Down

-$321,507

Down $2,488,940 (-115%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0Assets 2014: $3,916,660Liabilities 2014: $0Net Assets 2014: $3,916,6602014Assets 2015: $14,474,938Liabilities 2015: $6,346,744Net Assets 2015: $8,128,1942015Assets 2016: $30,084,315Liabilities 2016: $19,788,688Net Assets 2016: $10,295,6272016Assets 2017: $26,537,321Liabilities 2017: $16,563,201Net Assets 2017: $9,974,1202017Assets 2018: $25,861,949Liabilities 2018: $16,409,135Net Assets 2018: $9,452,8142018Assets 2019: $24,933,231Liabilities 2019: $16,719,704Net Assets 2019: $8,213,5272019Assets 2020: $23,854,771Liabilities 2020: $16,920,967Net Assets 2020: $6,933,8042020Assets 2021: $23,257,665Liabilities 2021: $15,929,923Net Assets 2021: $7,327,7422021Assets 2022: $22,077,657Liabilities 2022: $13,855,485Net Assets 2022: $8,222,1722022Assets 2023: $21,161,320Liabilities 2023: $13,292,627Net Assets 2023: $7,868,6932023Assets 2024: $20,714,373Liabilities 2024: $12,739,717Net Assets 2024: $7,974,6562024

Highlighted filing

2017

Assets$26,537,321
Liabilities$16,563,201
Net Assets$9,974,120

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2014: $3,916,660Expenses 2014: $0Net Income 2014: $3,916,6602014Revenue 2015: $5,001,965Expenses 2015: $790,431Net Income 2015: $4,211,5342015Revenue 2016: $3,303,469Expenses 2016: $1,136,036Net Income 2016: $2,167,4332016Revenue 2017: $2,349,538Expenses 2017: $2,671,045Net Income 2017: -$321,5072017Revenue 2018: $2,151,139Expenses 2018: $2,672,445Net Income 2018: -$521,3062018Revenue 2019: $2,090,532Expenses 2019: $3,329,819Net Income 2019: -$1,239,2872019Revenue 2020: $2,090,964Expenses 2020: $3,370,687Net Income 2020: -$1,279,7232020Revenue 2021: $2,077,475Expenses 2021: $2,532,016Net Income 2021: -$454,5412021Revenue 2022: $2,080,700Expenses 2022: $2,721,734Net Income 2022: -$641,0342022Revenue 2023: $2,387,535Expenses 2023: $2,629,057Net Income 2023: -$241,5222023Revenue 2024: $2,489,598Expenses 2024: $2,333,718Net Income 2024: $155,8802024

Highlighted filing

2017

Revenue$2,349,538
Expenses$2,671,045
Net Income-$321,507
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jul 17, 2018
Return Version
2017v2.3
Gross Receipts
$2,349,538
Mission and Program Overview

Mission

To assist the university of north carolina at greensboro, north carolina a&t state university, guilford technical community college and the cone health systems in providing educational opportunities, and to oversee the development and educational programming of a downtown university campus in greensboro, north carolina.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$22,430,378$21,609,335▼ $821,043
Cash and Non-Interest-Bearing Accounts$3,845,093$3,708,940▼ $136,153
Pledges and Grants Receivable$2,710,415$967,865▼ $1,742,550
Prepaid Expenses and Deferred Charges$16,040$222,694▲ $206,654
Accounts Receivable$905,651$25,796▼ $879,855
Total Assets$30,084,315$26,537,321▼ $3,546,994
Other Assets Total$176,738$2,691▼ $174,047
Liabilities
Mortgage Notes Payable Secured by Investment Property$18,416,068$15,551,368▼ $2,864,700
Other Liabilities$739,702$544,339▼ $195,363
Deferred Revenue$306,250$355,208▲ $48,958
Accounts Payable and Accrued Expenses$326,668$112,286▼ $214,382
Total Liabilities$19,788,688$16,563,201▼ $3,225,487
Net Assets / Fund Balance
Unrestricted Net Assets$7,585,212$9,006,255▲ $1,421,043
Temporarily Rstr Net Assets$2,710,415$967,865▼ $1,742,550
Total Net Assets Fund Balance$10,295,627$9,974,120▼ $321,507
Total Liabilities and Net Assets / Fund Balance$30,084,315$26,537,321▼ $3,546,994

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$17,843,129$642,635$18,485,764
Equipment$3,288,973$767,094$4,056,067
Land$451,007-$451,007
Other Land Buildings$26,226-$26,226
Compensation and Service Providers

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Rentenbach Constructors INCConstruction Services1102 GRECADE ST, Greensboro, NC 27408$556,351
Gateway University Research ParkAdministrative And Personnel Services2901 EAST GATE CITY BLVD SUITE 25, Greensboro, NC 27401-4904$394,547
B-line Medical LLCA/v And It Equipment And Labor1300 19TH STREET NW SUITE 100, Washington, DC 20036$213,151
Revenue and Support

Revenue Composition

Contributions and Grants
$72,450
Program Service Revenue
$2,073,000
Investment Income
$0
Other Revenue
$204,088
All Other Contributions
$72,450
Change in Net Assets
$-321,507

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,154,175
Revenue Not Reported on Financial Statements
$195,363
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$195,363
Total Revenue per Audited Statements
$2,154,175
Total Revenue per Form 990
$2,349,538
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,426,498
Salaries, Compensation, and Employee Benefits$244,547
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$619,171$412,780-$1,031,951
Interest$703,012--$703,012
Other Salaries and Wages$208,273--$208,273
Occupancy$175,812--$175,812
Fees for Services Other$49,792$29,287-$79,079
Other Expenses$63,967$150,000-$63,967
Insurance$27,593--$27,593
Office Expenses$26,315$793-$27,108
Fees for Services Accounting$13,744$8,085-$21,829
Payroll Taxes$15,780--$15,780
Pension Plan Contributions$10,299--$10,299
Other Employee Benefits$10,195--$10,195
Fees for Services Legal$1,630$958-$2,588
Travel$1,194--$1,194
All Other Expenses$281--$281
Total Functional Expenses$2,069,142$601,903$0$2,671,045

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,671,045
Total Expenses per Form 990$2,671,045
Total Expenses per Audited Statements$2,475,682
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$-195,363
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Fair Value of Interest Rate Swap$544,339
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 2

J. Edward kitchen, director, is coo of the joseph m. Bryan foundation and serves on the board of trustees for cone health. Mrs. Carole bruce, director, is on the board of trustees for cone health and also serves on the board of the joseph m. Bryan foundation. The joseph m. Bryan foundation and cone health are major donors.

Form 990, Part VI, Section A, Line 2

J. Edward kitchen, harold l. Martin, sr., and franklin gilliam, jr. Serve on the board of directors of union square campus and also on the board of directors of gateway university research park, the 501(c)(3) nonprofit, which provides facilities and management services for union square campus. The board of directors of gateway university research park only approve the contractual agreements with union square campus, and are not involved in the day-to-day management decisions at union square campus. J. Edward kitchen, harold l. Martin, sr., and franklin gilliam, jr., recuse themselves from any conflicting board decisions.

Form 990, Part VI, Section A, Line 3

On january 1, 2014, union square campus, inc. Signed an administrative services agreement with gateway university research park, inc. (a 501(c)(3) entity) to perform the necessary administrative services to oversee the financing, development and construction of union square campus, inc.'s academic building and simulation lab for nursing students and healthcare professionals.

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

A draft of the form 990 is presented to union square campus, inc.'s board of directors for review and comments prior to filing with the internal revenue service.

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

Directors are required to review the policy each calendar year.

Form 990, Part VI, Section C, Line 19

Form 990 is available for review through guidestar and through the nc charitable solicitation licensing division of the north carolina department of the secretary of state.

Filing and Contact Details

Filer

Filer Name
Union Square Campus Inc
EIN
46-4753139
Phone
3363759232
Address
2901 EAST GATE CITY BLVD NO 2400, GREENSBORO, NC 27401

Signing Officer

Name
J Patrick Danahy
Title
President
Phone
3363759232
Signed
2018-07-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
J Patrick Danahy
Formed
2013
Legal Domicile
Nc
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
0

Preparer

Firm
Gilliam Coble & Moser Llp
Address
PO BOX 621, BURLINGTON, NC 27216-0621
Preparer
William E Wilkinson
Phone
3362276283
Supplemental Narrative

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Change in fair value of interest rate swap

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Change in fair value of interest rate swap

Part VI Line 1E Part B

Construction in progress - $ 26,226.

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IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt027593
IRS990/InsuranceGrp/TotalAmt027593
IRS990/InterestGrp/ProgramServicesAmt0703012
IRS990/InterestGrp/TotalAmt0703012
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt016
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01409729
IRS990/LandBldgEquipBasisNetGrp/BOYAmt022430378
IRS990/LandBldgEquipBasisNetGrp/EOYAmt021609335
IRS990/LandBldgEquipCostOrOtherBssAmt023019064
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO ASSIST THE UNIVERSITY OF NORTH CAROLINA AT GREENSBORO, NORTH CAROLINA A&T STATE UNIVERSITY, GUILFORD TECHNICAL COMMUNITY COLLEGE AND THE CONE HEALTH SYSTEMS IN PROVIDING EDUCATIONAL OPPORTUNITIES, AND TO OVERSEE THE DEVELOPMENT AND EDUCATIONAL PROGRAMMING OF A DOWNTOWN UNIVERSITY CAMPUS IN GREENSBORO, NORTH CAROLINA.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt018416068
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt015551368
IRS990/NetAssetsOrFundBalancesBOYAmt010295627
IRS990/NetAssetsOrFundBalancesEOYAmt09974120
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0175812
IRS990/OccupancyGrp/TotalAmt0175812
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0793
IRS990/OfficeExpensesGrp/ProgramServicesAmt026315
IRS990/OfficeExpensesGrp/TotalAmt027108
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0176738
IRS990/OtherAssetsTotalGrp/EOYAmt02691
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt010195
IRS990/OtherEmployeeBenefitsGrp/TotalAmt010195
IRS990/OtherExpensesGrp/Desc0MANAGEMENT FEE
IRS990/OtherExpensesGrp/Desc1MAINTENAANCE AND REPAIR
IRS990/OtherExpensesGrp/Desc2TELEPHONE AND NETWORK
IRS990/OtherExpensesGrp/Desc3SECURITY AND POLICE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0150000
IRS990/OtherExpensesGrp/ProgramServicesAmt071208
IRS990/OtherExpensesGrp/ProgramServicesAmt170876
IRS990/OtherExpensesGrp/ProgramServicesAmt263967
IRS990/OtherExpensesGrp/TotalAmt0150000
IRS990/OtherExpensesGrp/TotalAmt171208
IRS990/OtherExpensesGrp/TotalAmt270876
IRS990/OtherExpensesGrp/TotalAmt363967
IRS990/OtherLiabilitiesGrp/BOYAmt0739702
IRS990/OtherLiabilitiesGrp/EOYAmt0544339
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0CHANGE IN FV OF INTERE
IRS990/OtherRevenueMiscGrp/Desc1FACILITY RENTAL FEE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0195363
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt18725
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0195363
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt18725
IRS990/OtherRevenueTotalAmt0204088
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0208273
IRS990/OtherSalariesAndWagesGrp/TotalAmt0208273
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt015780
IRS990/PayrollTaxesGrp/TotalAmt015780
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt010299
IRS990/PensionPlanContributionsGrp/TotalAmt010299
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt02710415
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0967865
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt016040
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0222694
IRS990/PrincipalOfficerNm0J PATRICK DANAHY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02073000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02073000
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02397297
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01021051
IRS990/PYOtherRevenueAmt042422
IRS990/PYProgramServiceRevenueAmt0863750
IRS990/PYRevenuesLessExpensesAmt02167433
IRS990/PYSalariesCompEmpBnftPaidAmt0114985
IRS990/PYTotalExpensesAmt01136036
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03303469
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-321507
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02277088
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0FACILITY RENTAL FEE - 2015 AMOUNT: $ 1,500. 2016 AMOUNT: $ 300. 2017 AMOUNT: $ 8,725. CHANGE IN FAIR VALUE OF INTEREST - 2016 AMOUNT: $ 42,122. 2017 AMOUNT: $ 195,363.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt072450
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02397297
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt05000465
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt03916660
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt011386872
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt02936750
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0204088
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt042422
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt01500
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0248010
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt05627101
IRS990ScheduleA/SubstantialContributorsTotAmt05759771
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt072450
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02397297
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt05000465
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt03916660
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt011386872
IRS990ScheduleA/TotalSupportAmt011634882
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt017843129
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0642635
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt018485764
IRS990ScheduleD/EquipmentGrp/BookValueAmt03288973
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0767094
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04056067
IRS990ScheduleD/ExpensesNotReportedAmt0-195363
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02671045
IRS990ScheduleD/LandGrp/BookValueAmt0451007
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0451007
IRS990ScheduleD/OtherExpensesIncludedAmt0-195363
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt026226
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt026226
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0544339
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0FAIR VALUE OF INTEREST RATE SWAP
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0195363
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0195363
IRS990ScheduleD/RevenueSubtotalAmt02154175
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CHANGE IN FAIR VALUE OF INTEREST RATE SWAP
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1CHANGE IN FAIR VALUE OF INTEREST RATE SWAP
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2CONSTRUCTION IN PROGRESS - $ 26,226.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART VI LINE 1E PART B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt021609335
IRS990ScheduleD/TotalExpensesPerForm990Amt02671045
IRS990ScheduleD/TotalLiabilityAmt0544339
IRS990ScheduleD/TotalRevenuePerForm990Amt02349538
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02154175
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02475682
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0J. EDWARD KITCHEN, DIRECTOR, IS COO OF THE JOSEPH M. BRYAN FOUNDATION AND SERVES ON THE BOARD OF TRUSTEES FOR CONE HEALTH. MRS. CAROLE BRUCE, DIRECTOR, IS ON THE BOARD OF TRUSTEES FOR CONE HEALTH AND ALSO SERVES ON THE BOARD OF THE JOSEPH M. BRYAN FOUNDATION. THE JOSEPH M. BRYAN FOUNDATION AND CONE HEALTH ARE MAJOR DONORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1J. EDWARD KITCHEN, HAROLD L. MARTIN, SR., AND FRANKLIN GILLIAM, JR. SERVE ON THE BOARD OF DIRECTORS OF UNION SQUARE CAMPUS AND ALSO ON THE BOARD OF DIRECTORS OF GATEWAY UNIVERSITY RESEARCH PARK, THE 501(C)(3) NONPROFIT, WHICH PROVIDES FACILITIES AND MANAGEMENT SERVICES FOR UNION SQUARE CAMPUS. THE BOARD OF DIRECTORS OF GATEWAY UNIVERSITY RESEARCH PARK ONLY APPROVE THE CONTRACTUAL AGREEMENTS WITH UNION SQUARE CAMPUS, AND ARE NOT INVOLVED IN THE DAY-TO-DAY MANAGEMENT DECISIONS AT UNION SQUARE CAMPUS. J. EDWARD KITCHEN, HAROLD L. MARTIN, SR., AND FRANKLIN GILLIAM, JR., RECUSE THEMSELVES FROM ANY CONFLICTING BOARD DECISIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ON JANUARY 1, 2014, UNION SQUARE CAMPUS, INC. SIGNED AN ADMINISTRATIVE SERVICES AGREEMENT WITH GATEWAY UNIVERSITY RESEARCH PARK, INC. (A 501(C)(3) ENTITY) TO PERFORM THE NECESSARY ADMINISTRATIVE SERVICES TO OVERSEE THE FINANCING, DEVELOPMENT AND CONSTRUCTION OF UNION SQUARE CAMPUS, INC.'S ACADEMIC BUILDING AND SIMULATION LAB FOR NURSING STUDENTS AND HEALTHCARE PROFESSIONALS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A DRAFT OF THE FORM 990 IS PRESENTED TO UNION SQUARE CAMPUS, INC.'S BOARD OF DIRECTORS FOR REVIEW AND COMMENTS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DIRECTORS ARE REQUIRED TO REVIEW THE POLICY EACH CALENDAR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FORM 990 IS AVAILABLE FOR REVIEW THROUGH GUIDESTAR AND THROUGH THE NC CHARITABLE SOLICITATION LICENSING DIVISION OF THE NORTH CAROLINA DEPARTMENT OF THE SECRETARY OF STATE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt02710415
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0967865
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt030084315
IRS990/TotalAssetsEOYAmt026537321
IRS990/TotalAssetsGrp/BOYAmt030084315
IRS990/TotalAssetsGrp/EOYAmt026537321
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt072450
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0601903

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