Civic Intelligence

Morehead-Cain Scholarship Fund

EIN 56-2462593 • 501(c)3 • Chapel Hill, NC

Profile

Morehead-cain scholarship fund provides support for the morehead-cain scholarship program at the university of north carolina at chapel hill.

Post Office Box 690Chapel Hill, NC 27514

n/A

Siviq Scores

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

Liabilities / Assets

6th percentile

0.00x

Higher debt load relative to assets than 6% of similar nonprofits.

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

Liabilities / Revenue

7th percentile

0.01x

Higher debt load relative to revenue than 7% of similar nonprofits.

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

Net Margin

10th percentile

-29%

Higher net margin than 10% of similar nonprofits.

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

Top Officer Pay

77th percentile

$511,289

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 8.4% of source-year revenue.

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

Asset Growth

47th percentile

2.9%

Faster asset growth than 47% of similar nonprofits.

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

Revenue Growth

5th percentile

-35%

Faster revenue growth than 5% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets6th percentile

Assets

Up

$61,131,778

Up $1,719,320 (+2.9%) from 2024

Liabilities

Up

$31,825

Up $31,825 from 2024

Net Assets

Up

$61,099,953

Up $1,687,495 (+2.8%) from 2024

Operations
Liabilities / Revenue7th percentileNet Margin10th percentile

Revenue

Down

$6,053,774

Down $3,285,346 (-35%) from 2024

Expenses

Down

$7,792,924

Down $2,197,258 (-22%) from 2024

Net Income

Down

-$1,739,150

Down $1,088,088 (-167%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth47th percentile

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

$80M$60M$40M$20M$0Assets 2011: $13,124,830Liabilities 2011: $0Net Assets 2011: $13,124,8302011Assets 2012: $13,596,606Liabilities 2012: $0Net Assets 2012: $13,596,6062012Assets 2013: $16,076,716Liabilities 2013: $0Net Assets 2013: $16,076,7162013Assets 2014: $21,235,251Liabilities 2014: $0Net Assets 2014: $21,235,2512014Assets 2015: $24,597,369Liabilities 2015: $0Net Assets 2015: $24,597,3692015Assets 2016: $25,363,058Liabilities 2016: $0Net Assets 2016: $25,363,0582016Assets 2017: $30,569,482Liabilities 2017: $0Net Assets 2017: $30,569,4822017Assets 2018: $35,331,928Liabilities 2018: $0Net Assets 2018: $35,331,9282018Assets 2019: $38,824,104Liabilities 2019: $0Net Assets 2019: $38,824,1042019Assets 2020: $39,200,307Liabilities 2020: $0Net Assets 2020: $39,200,3072020Assets 2021: $54,585,049Liabilities 2021: $0Net Assets 2021: $54,585,0492021Assets 2022: $57,055,868Liabilities 2022: $0Net Assets 2022: $57,055,8682022Assets 2023: $58,361,417Liabilities 2023: $0Net Assets 2023: $58,361,4172023Assets 2024: $59,412,458Liabilities 2024: $0Net Assets 2024: $59,412,4582024Assets 2025: $61,131,778Liabilities 2025: $31,825Net Assets 2025: $61,099,9532025

Highlighted filing

2025

Assets$61,131,778
Liabilities$31,825
Net Assets$61,099,953
Open 2025 Filing

Operations Trend

Revenue Growth5th percentile

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

$10M$5.0M$0-$5.0MExpenses 2011: $560,2882011Expenses 2012: $637,5832012Expenses 2013: $1,072,8542013Revenue 2014: $5,109,772Expenses 2014: $1,436,730Net Income 2014: $3,673,0422014Revenue 2015: $4,158,672Expenses 2015: $1,603,008Net Income 2015: $2,555,6642015Revenue 2016: $3,986,168Expenses 2016: $1,792,356Net Income 2016: $2,193,8122016Revenue 2017: $5,784,180Expenses 2017: $1,906,063Net Income 2017: $3,878,1172017Revenue 2018: $5,219,834Expenses 2018: $2,096,473Net Income 2018: $3,123,3612018Revenue 2019: $5,166,647Expenses 2019: $2,459,797Net Income 2019: $2,706,8502019Revenue 2020: $3,979,572Expenses 2020: $2,638,487Net Income 2020: $1,341,0852020Revenue 2021: $5,606,396Expenses 2021: $2,874,069Net Income 2021: $2,732,3272021Revenue 2022: $5,585,663Expenses 2022: $3,129,712Net Income 2022: $2,455,9512022Revenue 2023: $7,535,675Expenses 2023: $3,611,540Net Income 2023: $3,924,1352023Revenue 2024: $9,339,120Expenses 2024: $9,990,182Net Income 2024: -$651,0622024Revenue 2025: $6,053,774Expenses 2025: $7,792,924Net Income 2025: -$1,739,1502025

Highlighted filing

2025

Revenue$6,053,774
Expenses$7,792,924
Net Income-$1,739,150
Open 2025 Filing

Filings

Most recent year

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

Open filing
Assets
$61,131,778
Liabilities
$31,825
Net assets
$61,099,953
Revenue
$6,053,774
Expenses
$7,792,924
Net income
-$1,739,150
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$61.1$0.03$61.1$6.05$7.79$1.74
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$59.4$0.00$59.4$9.34$9.99$0.65
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$58.4$0.00$58.4$7.54$3.61$3.92
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$57.1$0.00$57.1$5.59$3.13$2.46
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$54.6$0.00$54.6$5.61$2.87$2.73
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$39.2$0.00$39.2$3.98$2.64$1.34
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$38.8$0.00$38.8$5.17$2.46$2.71
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$35.3$0.00$35.3$5.22$2.10$3.12
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$30.6$0.00$30.6$5.78$1.91$3.88
2016Detailed filing. Detailed filing data is available for this year.$25.4$0.00$25.4$3.99$1.79$2.19
2015Detailed filing. Detailed filing data is available for this year.$24.6$0.00$24.6$4.16$1.60$2.56
2014Detailed filing. Detailed filing data is available for this year.$21.2$0.00$21.2$5.11$1.44$3.67
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.1$0.00$16.1$1.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.6$0.00$13.6$0.64
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.1$0.00$13.1$0.56
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Mar 6, 2026
Return Version
2024v5.5
Gross Receipts
$6,053,774
Mission and Program Overview

Mission

Morehead-cain scholarship fund provides support for the morehead-cain program at the university of north carolina at chapel hill.

Morehead-cain scholarship fund provides support for the morehead-cain program at unc chapel hill.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$51,970,353$56,782,513▲ $4,812,160
Savings and Temporary Cash Investments$6,901,278$3,695,002▼ $3,206,276
Pledges and Grants Receivable$540,827$654,263▲ $113,436
Total Assets$59,412,458$61,131,778▲ $1,719,320
Liabilities
Other Liabilities$0$31,825▲ $31,825
Total Liabilities$0$31,825▲ $31,825
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$53,882,942$55,570,437▲ $1,687,495
Net Assets With Donor Restrictions$5,529,516$5,529,516→ $0
Total Net Assets Fund Balance$59,412,458$61,099,953▲ $1,687,495
Total Liabilities and Net Assets / Fund Balance$59,412,458$61,131,778▲ $1,719,320

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$56,782,513--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$52,511,180$3,239,825▲ $9,188,508-$57,404,951
2023$54,104,892$4,158,372▲ $4,005,562-$52,511,180
2022$53,554,584$5,047,421▼ $1,111,975-$54,104,892
2021$51,426,239$3,480,718▲ $1,612,705-$53,554,584
2020$36,189,852$3,771,430▲ $14,189,003-$51,426,239
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
Philip E BerneyChair
Christopher J BradfordPresident
Katherine Kirby DunleavyVice Chair
Antonio Ursano JrDirector
Brian G StrongDirector
Chesca Varcoe Colloredo-mansfeldDirector
David S RouthDirector
Harvey L KennedyDirector
Janora Mcduffie-ryanDirector
Jennifer Ayer SandellDirector
Madhulika VulimiriDirector
Otis E Tillman JrDirector
Rachelle a FeldmanDirector
Raymond D SawyerDirector
Robert J BachDirector
Shana L FultonDirector
Steven R MichalakTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,239,825
Program Service Revenue
$0
Investment Income
$2,813,949
Other Revenue
$0
All Other Contributions
$3,239,825
Change in Net Assets
$-1,739,150

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded14$529,555Stock Quote
Total Noncash Contributions14$529,555-

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,819,586
Revenue Not Reported on Financial Statements
$234,188
Revenue Not Reported on Form 990
$4,020,668
Total Revenue per Audited Statements
$9,840,254
Total Revenue per Form 990
$6,053,774
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$7,534,562
Other Expenses$258,362
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$7,500,000--$7,500,000
Fees for Service Investment Mgmnt Fees$234,188--$234,188
Grants to Domestic Individuals$34,562--$34,562
Fees for Services Other$24,174--$24,174
Total Functional Expenses$7,792,924$0$0$7,792,924

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$8,152,759
Total Expenses per Form 990$7,792,924
Expenses per Audited Statements$7,558,736
Expenses Not Reported on Form 990$594,023
Expenses Not Reported on Financial Statements$234,188
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Morehead-cain FoundationChapel Hill, NC501(c)(3)To Support Higher Education$7,500,000
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
Distribution Due to Memorial Fund$31,825
Governance and Compliance

Governance Checklist

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

Governance Explanations

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

“Form 990 review process: the morehead-cain scholarship fund's form 990 was completed by a qualified and authorized public accounting firm under the direction of the treasurer. The completed return was reviewed by the president and treasurer and then presented to the fund's board of directors prior to its filing with the irs. The treasurer and/or the outside accounting firm are available for questions from the board or to review the form 990 in detail at a subsequent regularly scheduled board meeting.”

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

“Monitoring conflicts of interest: the morehead-cain scholarship fund regularly discloses to all directors, officers and key employees any entities with which the fund has a significant business interest and takes any appropriate action regarding conflicts according to its policy statement on ethical conduct and improper activities. The policy statement on ethical conduct and improper activities is reviewed annually with all directors, officers and key employees of the fund.”

Form 990, Part VI, Section C, Line 19

“Making information available to the public: the morehead-cain scholarship fund's form 990 is available online at www.guidestar.org, where it is confirmed to be widely available. The fund's governing documents which are required by law to be publicly available (if any), conflict of interest policy, and audited financial statements are available upon request for inspection at our primary business location during normal business hours. Copies of the above documents may also be provided, upon request, for a reasonable fee to defray copying and postage expense.”

Filing and Contact Details

Filer

Filer Name
Morehead-cain Scholarship Fund
EIN
56-2462593
Phone
9199621201
Address
POST OFFICE BOX 690, CHAPEL HILL, NC 27514

Signing Officer

Name
Steven R Michalak
Title
Treasurer
Phone
9199621201
Signed
2026-03-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steven R Michalak
Formed
2004
Legal Domicile
Nc
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
0

Preparer

Firm
Batchelor Tillery & Roberts Llp
Address
3605 GLENWOOD AVENUE SUITE 350, RALEIGH, NC 27612
Preparer
Jared L Piland
Phone
9197878212
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

“The intended uses of the organization's endowment funds are to provide support for the morehead-cain program at the university of north carolina at chapel hill.”

PART X, LINE 2:

“The fund is exempt from federal and state income taxes under section 501(c)(3) of the internal revenue code and applicable state statutes. The fund is further classified as a public charity based on its expected broad public support.”

Raw XML AppendixShowing 400 of 571 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0MOREHEAD-CAIN SCHOLARSHIP FUND PROVIDES SUPPORT FOR THE MOREHEAD-CAIN PROGRAM AT UNC CHAPEL HILL.
IRS990/AllOtherContributionsAmt03239825
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0STEVEN R MICHALAK
IRS990/BooksInCareOfDetail/PhoneNum09199621201
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0POST OFFICE BOX 690
IRS990/BooksInCareOfDetail/USAddress/CityNm0CHAPEL HILL
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd027514
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
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IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt03239825
IRS990/CYGrantsAndSimilarPaidAmt07534562
IRS990/CYInvestmentIncomeAmt02813949
IRS990/CYOtherExpensesAmt0258362
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-1739150
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt07792924
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt06053774
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd01
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0THE FUND DISBURSED $7,500,000 TO THE MOREHEAD-CAIN FOUNDATION TO SUPPORT THE NATION'S OLDEST AND MOST PRESTIGIOUS UNDERGRADUATE MERIT SCHOLARSHIP PROGRAM AT THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL. THIS AMOUNT REPRESENTED 50.02% OF THE FOUNDATION'S PROGRAM EXPENSES IN FISCAL YEAR 2025 AND HELPED PROVIDE FULL-COST SCHOLARSHIPS, SUMMER ENRICHMENT EXPERIENCES AND OTHER DEVELOPMENTAL OPPORTUNITIES TO 398 OF THE COUNTRY'S MOST PROMISING FUTURE LEADERS. THE FINANCIAL SUPPORT PROVIDED BY THE MOREHEAD-CAIN SCHOLARSHIP FUND IS A VITAL AND GROWING PORTION OF THE FUNDS NEEDED TO SUSTAIN AND ENHANCE THE MOREHEAD-CAIN PROGRAM.
IRS990/DescribedInSection501c3Ind01
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IRS990/EmployeeCnt00
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IRS990/FederalGrantAuditRequiredInd00
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IRS990/FeesForServicesOtherGrp/TotalAmt024174
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IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt0234188
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IRS990/Form990PartVIISectionAGrp/PersonNm13ANTONIO URSANO JR
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt15493059
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt16240824
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt16TREASURER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02004
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt02595461
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GrantAmt07500000
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt034562
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt034562
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt07500000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt07500000
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt02595461
IRS990/GrossReceiptsAmt06053774
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt0218488
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0218488
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt051970353
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt056782513
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IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0MOREHEAD-CAIN SCHOLARSHIP FUND PROVIDES SUPPORT FOR THE MOREHEAD-CAIN PROGRAM AT THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt059412458
IRS990/NetAssetsOrFundBalancesEOYAmt061099953
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt02595461
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt02595461
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt03426645
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt053882942
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt055570437
IRS990/NoncashContributionsAmt0529555
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt031825
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0540827
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0654263
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0STEVEN R MICHALAK
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0THE MOREHEAD-CAIN SCHOLARSHIP FUND FACILITATES A COMPETITIVE GRANT OPPORTUNITY AMONG SECONDARY SCHOOL EDUCATORS IN NORTH CAROLINA WHO WERE IDENTIFIED AND CELEBRATED BY CURRENT MOREHEAD-CAIN SCHOLARS AND SEMIFINALISTS FOR THEIR POSITIVE IMPACT ON THEM AND OTHER FUTURE LEADERS.BEGUN IN 2024, THE IMPACT EDUCATOR DISCOVERY FUND IS INTENDED TO INSPIRE SELF-DISCOVERY, EXPLORATION, SKILL DEVELOPMENT, AND PROFESSIONAL GROWTH. ITS AIM IS TO CELEBRATE EXTRAORDINARY TEACHERS AND SCHOOL LEADERS TO ENABLE THEIR CONTINUED INVESTMENT IN THE YOUNG PEOPLE OF OUR STATE. IDEALLY GRANT-ENABLED EXPERIENCES ARE BOTH RESTORATIVE AND PRODUCTIVE, AND RECIPIENTS RETURN TO TEACHING REFRESHED AND PREPARED TO SHARE A NEW PERSPECTIVE OR INSIGHT WITH THEIR STUDENTS AND SCHOOL COMMUNITY. IN 2025, 15 GRANTS AVERAGING UNDER $2,400 EACH WERE AWARDED TO EDUCATORS SERVING STUDENTS IN NORTH CAROLINA FOLLOWING AN APPLICATION AND CAREFUL SELECTION PROCESS. EACH RECIPIENT COMMITTED TO RETURN TO THE EDUCATION PROFESSION AND WAS REQUIRED TO PROVIDE A REPORT ON THEIR EXPERIENCE, WHAT LEARNING IT ENABLED, AND HOW IT MIGHT IMPACT THEIR WORK AS AN EDUCATOR GOING FORWARD.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt034562
IRS990/ProgSrvcAccomActy2Grp/GrantAmt034562
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04158372
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt09757646
IRS990/PYInvestmentIncomeAmt05180748
IRS990/PYOtherExpensesAmt0232536
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-651062
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IRS990/PYTotalExpensesAmt09990182
IRS990/PYTotalProfFndrsngExpnsAmt00
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IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-1739150
IRS990/RegularMonitoringEnfrcInd01
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IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt06901278
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03695002
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt03239825
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt04158372
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt05047421
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt03480718
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt03771430
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt019697766
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0218488
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt072456
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt030222
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt03951
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0966
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0326083
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.62070
IRS990ScheduleA/PublicSupportPY170Pct00.61070
IRS990ScheduleA/PublicSupportTotal170Amt012428402
IRS990ScheduleA/SubstantialContributorsTotAmt07269364
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt03239825
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt04158372
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt05047421
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt03480718
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt03771430
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt019697766
IRS990ScheduleA/TotalSupportAmt020023849
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.90367
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt052511180
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt03239825
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt057404951
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt07534562
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt09188508
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt054104892
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt04158372
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt052511180
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt09757646
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt04005562
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt053554584
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt05047421
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt054104892
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt03385138
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-1111975
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt051426239
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt03480718
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt053554584
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt02965078
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01612705
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt03771430
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt051426239
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt02724046
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt014189003
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0594023
IRS990ScheduleD/DonatedServicesUseFcltsAmt0594023
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt0594023
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0234188
IRS990ScheduleD/ExpensesSubtotalAmt07558736
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt0234188
IRS990ScheduleD/InvestmentExpensesNotIncldAmt0234188
IRS990ScheduleD/NetUnrealizedGainsInvstAmt03426645
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt031825
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DISTRIBUTION DUE TO MEMORIAL FUND
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt056782513
IRS990ScheduleD/OtherSecuritiesGrp/Desc0UNIV. OF NC INVESTMENT FUND
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.09633
IRS990ScheduleD/RevenueNotReportedAmt04020668
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0234188
IRS990ScheduleD/RevenueSubtotalAmt05819586
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INTENDED USES OF THE ORGANIZATION'S ENDOWMENT FUNDS ARE TO PROVIDE SUPPORT FOR THE MOREHEAD-CAIN PROGRAM AT THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FUND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE STATUTES. THE FUND IS FURTHER CLASSIFIED AS A PUBLIC CHARITY BASED ON ITS EXPECTED BROAD PUBLIC SUPPORT.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt056782513
IRS990ScheduleD/TotalExpensesPerForm990Amt07792924
IRS990ScheduleD/TotalLiabilityAmt031825
IRS990ScheduleD/TotalRevenuePerForm990Amt06053774
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt09840254
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt08152759
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt034562
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0DISCOVERY FUND GRANTS FOR IMPACT EDUCATORS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt015
IRS990ScheduleI/RecipientTable/CashGrantAmt07500000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO SUPPORT HIGHER EDUCATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0THE MOREHEAD-CAIN FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientEIN0560599225
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0222 E FRANKLIN STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0CHAPEL HILL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd027514
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00

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