Civic Intelligence

Morehead-Cain Scholarship Fund

990 • Fiscal year 2015 • EIN 56-2462593

Jul 01, 2014 to Jun 30, 2015 • Filed on May 11, 2016

Organization ProfileN/A
Post Office Box 690Chapel Hill, NC 27514

(919) 962-1201

Siviq Scores

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

Liabilities / Assets

6th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • NTEE B • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

5th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • NTEE B • $10M-$25M nonprofits • Source year 2015

Net Margin

96th percentile

61%

Higher net margin than 96% of similar nonprofits.

2015 filings • NTEE B • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

91st percentile

$338,108

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 8.1% of source-year revenue.

2015 filings • NTEE B • $10M-$25M nonprofits • Source year 2015

Asset Growth

76th percentile

16%

Faster asset growth than 76% of similar nonprofits.

2015 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

12th percentile

-19%

Faster revenue growth than 12% of similar nonprofits.

2015 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets6th percentile

Assets

Up

$24,597,369

Up $3,362,118 (+16%) from 2014

Net Assets

Up

$24,597,369

Up $3,362,118 (+16%) from 2014

Liabilities

Flat

$0

Flat from 2014

Revenue And Expenses
Liabilities / Revenue5th percentileNet Margin96th percentile

Revenue

Down

$4,158,672

Down $951,100 (-19%) from 2014

Expenses

Up

$1,603,008

Up $166,278 (+12%) from 2014

Net Income

Down

$2,555,664

Down $1,117,378 (-30%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth76th percentile

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

$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

2015

Assets$24,597,369
Liabilities$0
Net Assets$24,597,369
Open 2015 Filing

Operations Trend

Revenue Growth12th percentile

Revenue, expenses, and net income across loaded years, with this 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

2015

Revenue$4,158,672
Expenses$1,603,008
Net Income$2,555,664
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 11, 2016
Return Version
2014v6.0
Gross Receipts
$4,158,672
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 scholarship program at the university of north carolina at chapel hill.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$17,525,843$19,805,497▲ $2,279,654
Pledges and Grants Receivable$1,684,890$2,953,486▲ $1,268,596
Savings and Temporary Cash Investments$2,024,518$1,838,386▼ $186,132
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$21,235,251$24,597,369▲ $3,362,118
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$15,705,735$19,067,853▲ $3,362,118
Permanently Rstr Net Assets$5,529,516$5,529,516→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$21,235,251$24,597,369▲ $3,362,118
Total Liabilities and Net Assets / Fund Balance$21,235,251$24,597,369▲ $3,362,118

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$19,805,497--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$19,210,733$3,218,764▲ $1,898,511-$22,758,983
2013$14,598,595$4,252,204▲ $1,764,580-$19,210,733
2012$12,660,617$2,020,802▲ $958,730-$14,598,595
2011$12,268,987$828,109▲ $169,854-$12,660,617
2010$10,206,667$653,092▲ $1,949,606-$12,268,987
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeOtherTotal
Keith O CowanChairPT$338,108$338,108
Timothy B BurnettDirectorPT$164,269$164,269

Board Members and Trustees

NameTitle
DANA BURGESS O'DONOVANDirector
Frank Charles SullivanDirector
James Leon Tanner JrDirector
James W Dean JrDirector
Jennifer Lloyd HalseyDirector
Katie Marie ZiglarDirector
Malcolm Kwame TurnerDirector
Noel DunivantDirector
Timothy Patrick SullivanDirector
Charles E Lovelace JrExecutive Director
Steven R MichalakTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,218,764
Program Service Revenue
$0
Investment Income
$939,908
Other Revenue
$0
All Other Contributions
$3,218,764
Change in Net Assets
$2,555,664

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 Traded18$415,615Exchange Price
Total Noncash Contributions18$415,615-

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,124,689
Revenue Not Reported on Financial Statements
$33,983
Revenue Not Reported on Form 990
$1,454,065
Total Revenue per Audited Statements
$5,578,754
Total Revenue per Form 990
$4,158,672
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,569,025
Other Expenses$33,983
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,569,025--$1,569,025
Fees for Service Investment Mgmnt Fees$33,983$0$0$33,983
Total Functional Expenses$1,603,008$0$0$1,603,008

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,216,636
Total Expenses per Form 990$1,603,008
Expenses per Audited Statements$1,569,025
Expenses Not Reported on Form 990$647,611
Expenses Not Reported on Financial Statements$33,983
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Morehead-cain FoundationChapel Hill, NC501(c)(3)To Support Higher Education.$1,569,025
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
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
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 11A

“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 executive director and treasurer and then presented to the chairman and the audit committee of 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, officer 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
In Care Of
% STEVEN R MICHALAK
Phone
9199621201
Address
POST OFFICE BOX 690, CHAPEL HILL, NC 27514

Signing Officer

Name
Steven R Michalak
Title
Treasurer
Phone
9199621201
Signed
2016-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charles E Lovelace Jr
Formed
2004
Legal Domicile
Nc
Voting Board Members
11
Independent Board Members
11
Employees
0

Preparer

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

Additional Explanations

Form 990, Part XI - Line 5

“Other changes in net assets or fund balances: $806,454 net unrealized gains on investments”

Financial Statement Notes

Schedule D, Part V, Line 4

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

Schedule D, 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.”

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IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt0336
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0336
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt017525843
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt019805497
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0MOREHEAD-CAIN SCHOLARSHIP FUND PROVIDES SUPPORT FOR THE MOREHEAD-CAIN SCHOLARSHIP PROGRAM AT THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt021235251
IRS990/NetAssetsOrFundBalancesEOYAmt024597369
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0939572
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0939572
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0806454
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt0415615
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt05529516
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt05529516
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01684890
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt02953486
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0CHARLES E LOVELACE JR
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04252204
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt01404646
IRS990/PYInvestmentIncomeAmt0857568
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt032084
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt03673042
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01436730
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05109772
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt02555664
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02024518
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01838386
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt03218764
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt04252204
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02020802
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0828109
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0653092
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt010972971
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0336
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01955
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt02541
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt02894
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt03764
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt011490
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.84048
IRS990ScheduleA/PublicSupportPY170Pct00.76167
IRS990ScheduleA/PublicSupportTotal170Amt09232239
IRS990ScheduleA/SubstantialContributorsTotAmt01740732
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt03218764
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt04252204
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02020802
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0828109
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0653092
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt010972971
IRS990ScheduleA/TotalSupportAmt010984461
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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/ScheduleBRequiredInd0true
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.75704
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt019210733
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt03218764
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt022758983
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt01569025
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt01898511
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt014598595
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt04252204
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt019210733
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt01404646
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01764580
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt012660617
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt02020802
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt014598595
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt01041554
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0958730
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt012268987
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0828109
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt012660617
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0606333
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0169854
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt010206667
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0653092
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt012268987
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0540378
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01949606
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0647611
IRS990ScheduleD/DonatedServicesUseFcltsAmt0647611
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesNotReportedAmt0647611
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt033983
IRS990ScheduleD/ExpensesSubtotalAmt01569025
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt033983
IRS990ScheduleD/InvestmentExpensesNotIncldAmt033983
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0806454
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt019805497
IRS990ScheduleD/OtherSecuritiesGrp/Desc0UNIV. OF NC INVESTMENT FUND
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.24296
IRS990ScheduleD/RevenueNotReportedAmt01454065
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt033983
IRS990ScheduleD/RevenueSubtotalAmt04124689
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INTENDED USES OF THE ORGANIZATION'S ENDOWMENT FUNDS ARE TO PROVIDE SUPPORT FOR THE MOREHEAD-CAIN SCHOLARSHIP 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/FormAndLineReferenceDesc0SCHEDULE D, PART V, LINE 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PART X, LINE 2
IRS990ScheduleD/TotalBookValueSecuritiesAmt019805497
IRS990ScheduleD/TotalExpensesPerForm990Amt01603008
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleD/TotalRevenuePerForm990Amt04158672
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05578754
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02216636
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt01569025
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
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/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$24,597,369
Liabilities
$0
Net assets
$24,597,369
Revenue
$4,158,672
Expenses
$1,603,008
Net income
$2,555,664
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