Civic Intelligence

Union Square Campus Inc.

990 • Fiscal year 2018 • EIN 46-4753139

Jan 01, 2018 to Dec 31, 2018 • Filed on Jul 31, 2019

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

75th percentile

0.63x

Higher debt load relative to assets than 75% of similar nonprofits.

2018 filings • NTEE B • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

91st percentile

7.63x

Higher debt load relative to revenue than 91% of similar nonprofits.

2018 filings • NTEE B • $25M-$50M nonprofits • Source year 2018

Net Margin

9th percentile

-24%

Higher net margin than 9% of similar nonprofits.

2018 filings • NTEE B • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

16th percentile

$0

Higher top officer pay than 16% of similar nonprofits.

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

2018 filings • NTEE B • $25M-$50M nonprofits • Source year 2018

Asset Growth

18th percentile

-2.5%

Faster asset growth than 18% of similar nonprofits.

2018 filings • NTEE B • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

20th percentile

-8.4%

Faster revenue growth than 20% of similar nonprofits.

2018 filings • NTEE B • $25M-$50M nonprofits • Annualized from 2017 to 2018

Assets

Down

$25,861,949

Down $675,372 (-2.5%) from 2017

Net Assets

Down

$9,452,814

Down $521,306 (-5.2%) from 2017

Liabilities

Down

$16,409,135

Down $154,066 (-0.9%) from 2017

Revenue

Down

$2,151,139

Down $198,399 (-8.4%) from 2017

Expenses

Up

$2,672,445

Up $1,400 (+0.1%) from 2017

Net Income

Down

-$521,306

Down $199,799 (-62%) from 2017

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

2018

Assets$25,861,949
Liabilities$16,409,135
Net Assets$9,452,814

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

2018

Revenue$2,151,139
Expenses$2,672,445
Net Income-$521,306
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jul 31, 2019
Return Version
2018v3.1
Gross Receipts
$2,151,139
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$21,609,335$20,648,159▼ $961,176
Cash and Non-Interest-Bearing Accounts$3,708,940$4,542,142▲ $833,202
Pledges and Grants Receivable$967,865$500,000▼ $467,865
Prepaid Expenses and Deferred Charges$222,694$169,225▼ $53,469
Accounts Receivable$25,796$200▼ $25,596
Total Assets$26,537,321$25,861,949▼ $675,372
Other Assets Total$2,691$2,223▼ $468
Liabilities
Mortgage Notes Payable Secured by Investment Property$15,551,368$15,073,335▼ $478,033
Deferred Revenue$355,208$742,958▲ $387,750
Other Liabilities$544,339$512,160▼ $32,179
Accounts Payable and Accrued Expenses$112,286$80,682▼ $31,604
Total Liabilities$16,563,201$16,409,135▼ $154,066
Net Assets / Fund Balance
Unrestricted Net Assets$9,006,255$8,952,814▼ $53,441
Temporarily Rstr Net Assets$967,865$500,000▼ $467,865
Total Net Assets Fund Balance$9,974,120$9,452,814▼ $521,306
Total Liabilities and Net Assets / Fund Balance$26,537,321$25,861,949▼ $675,372

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$17,380,985$1,104,779$18,485,764
Equipment$2,710,278$1,354,399$4,064,677
Land$451,007-$451,007
Other Land Buildings$105,889-$105,889
Compensation and Service Providers

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Gateway University Research ParkAdministrative And Personnel Services2901 EAST GATE CITY BLVD SUITE 25, Greensboro, NC 27401-4904$409,507
Revenue and Support

Revenue Composition

Contributions and Grants
$42,135
Program Service Revenue
$2,073,000
Investment Income
$0
Other Revenue
$36,004
All Other Contributions
$42,135
Change in Net Assets
$-521,306

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,118,960
Revenue Not Reported on Financial Statements
$32,179
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$32,179
Total Revenue per Audited Statements
$2,118,960
Total Revenue per Form 990
$2,151,139
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,421,942
Salaries, Compensation, and Employee Benefits$250,503
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$1,049,449--$1,049,449
Interest$699,321--$699,321
Other Salaries and Wages$213,400--$213,400
Occupancy$179,564--$179,564
Other Expenses$61,582$150,000-$61,582
Fees for Services Legal$685$41,044-$41,729
Insurance$28,705--$28,705
Fees for Services Accounting$314$18,762-$19,076
Payroll Taxes$16,560--$16,560
Office Expenses$13,957--$13,957
Fees for Services Other$188$11,274-$11,462
Pension Plan Contributions$10,511--$10,511
Other Employee Benefits$10,032--$10,032
Travel$986--$986
All Other Expenses$193--$193
Total Functional Expenses$2,451,365$221,080$0$2,672,445

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,672,445
Total Expenses per Form 990$2,672,445
Total Expenses per Audited Statements$2,640,266
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$-32,179
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$512,160
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 simms, director, serves on the board of the joseph m. Bryan foundation and serves on the board of trustees for cone health. The joseph m. Bryan foundation and cone health have been donors in prior years.

Form 990, Part VI, Section A, Line 2

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. 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
Jim Bryant
Title
President
Phone
3363759232
Signed
2019-07-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jim Bryant
Formed
2013
Legal Domicile
Nc
Voting Board Members
10
Independent Board Members
10
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 - $105,889

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IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0179564
IRS990/OccupancyGrp/TotalAmt0179564
IRS990/OfficeExpensesGrp/ProgramServicesAmt013957
IRS990/OfficeExpensesGrp/TotalAmt013957
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02691
IRS990/OtherAssetsTotalGrp/EOYAmt02223
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt010032
IRS990/OtherEmployeeBenefitsGrp/TotalAmt010032
IRS990/OtherExpensesGrp/Desc0MANAGEMENT FEE
IRS990/OtherExpensesGrp/Desc1MAINTENANCE & REPAIRS
IRS990/OtherExpensesGrp/Desc2SECURITY & POLICE
IRS990/OtherExpensesGrp/Desc3TELEPHONE & NETWORK
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0150000
IRS990/OtherExpensesGrp/ProgramServicesAmt0103970
IRS990/OtherExpensesGrp/ProgramServicesAmt161948
IRS990/OtherExpensesGrp/ProgramServicesAmt261582
IRS990/OtherExpensesGrp/TotalAmt0150000
IRS990/OtherExpensesGrp/TotalAmt1103970
IRS990/OtherExpensesGrp/TotalAmt261948
IRS990/OtherExpensesGrp/TotalAmt361582
IRS990/OtherLiabilitiesGrp/BOYAmt0544339
IRS990/OtherLiabilitiesGrp/EOYAmt0512160
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0CHANGE IN FV OF INTERE
IRS990/OtherRevenueMiscGrp/Desc1FACILITY RENTAL FEE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt032179
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt13825
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt032179
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt13825
IRS990/OtherRevenueTotalAmt036004
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0213400
IRS990/OtherSalariesAndWagesGrp/TotalAmt0213400
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt016560
IRS990/PayrollTaxesGrp/TotalAmt016560
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt010511
IRS990/PensionPlanContributionsGrp/TotalAmt010511
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0967865
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0500000
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0222694
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0169225
IRS990/PrincipalOfficerNm0JIM BRYANT
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02073000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02073000
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt072450
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt02426498
IRS990/PYOtherRevenueAmt0204088
IRS990/PYProgramServiceRevenueAmt02073000
IRS990/PYRevenuesLessExpensesAmt0-321507
IRS990/PYSalariesCompEmpBnftPaidAmt0244547
IRS990/PYTotalExpensesAmt02671045
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02349538
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-521306
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02109004
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0FACILITY RENTAL FEE - 2015 AMOUNT: $ 1,500. 2016 AMOUNT: $ 300. 2017 AMOUNT: $ 8,725. 2018 AMOUNT: $ 3,825. CHANGE IN FAIR VALUE OF INTEREST - 2016 AMOUNT: $ 42,122. 2017 AMOUNT: $ 195,363. 2018 AMOUNT: $ 32,179.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt042135
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt072450
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02397297
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt05000465
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt03916660
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt011429007
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt05009750
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt036004
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0204088
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt042422
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt01500
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0284014
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.48080
IRS990ScheduleA/PublicSupportTotal170Amt05631787
IRS990ScheduleA/SubstantialContributorsTotAmt05797220
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt042135
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt072450
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02397297
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt05000465
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt03916660
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt011429007
IRS990ScheduleA/TotalSupportAmt011713021
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt017380985
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01104779
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt018485764
IRS990ScheduleD/EquipmentGrp/BookValueAmt02710278
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01354399
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04064677
IRS990ScheduleD/ExpensesNotReportedAmt0-32179
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02672445
IRS990ScheduleD/LandGrp/BookValueAmt0451007
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0451007
IRS990ScheduleD/OtherExpensesIncludedAmt0-32179
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0105889
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0105889
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0512160
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0FAIR VALUE OF INTEREST RATE SWAP
IRS990ScheduleD/OtherRevenuesNotIncludedAmt032179
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt032179
IRS990ScheduleD/RevenueSubtotalAmt02118960
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 - $105,889
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/TotalBookValueLandBuildingsAmt020648159
IRS990ScheduleD/TotalExpensesPerForm990Amt02672445
IRS990ScheduleD/TotalLiabilityAmt0512160
IRS990ScheduleD/TotalRevenuePerForm990Amt02151139
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02118960
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02640266
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 SIMMS, DIRECTOR, SERVES ON THE BOARD OF THE JOSEPH M. BRYAN FOUNDATION AND SERVES ON THE BOARD OF TRUSTEES FOR CONE HEALTH. THE JOSEPH M. BRYAN FOUNDATION AND CONE HEALTH HAVE BEEN DONORS IN PRIOR YEARS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1HAROLD 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. 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/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0967865
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0500000
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt026537321
IRS990/TotalAssetsEOYAmt025861949
IRS990/TotalAssetsGrp/BOYAmt026537321
IRS990/TotalAssetsGrp/EOYAmt025861949
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt042135
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0221080
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02451365
IRS990/TotalFunctionalExpensesGrp/TotalAmt02672445
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt016563201
IRS990/TotalLiabilitiesEOYAmt016409135
IRS990/TotalLiabilitiesGrp/BOYAmt016563201
IRS990/TotalLiabilitiesGrp/EOYAmt016409135
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt09974120
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt09452814
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt02451365
IRS990/TotalProgramServiceRevenueAmt02073000
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02109004
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02151139
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt026537321

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