Civic Intelligence

Uncg Excellence Foundation Inc

990 • Fiscal year 2015 • EIN 56-6086393

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 12, 2015

PO Box 26170Greensboro, NC 27402

(336) 334-5200

Siviq Scores

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

Liabilities / Assets

20th percentile

0.07x

Higher debt load relative to assets than 20% of similar nonprofits.

2015 filings • NTEE B • $100M-$250M nonprofits • Source year 2015

Liabilities / Revenue

77th percentile

0.88x

Higher debt load relative to revenue than 77% of similar nonprofits.

2015 filings • NTEE B • $100M-$250M nonprofits • Source year 2015

Net Margin

94th percentile

49%

Higher net margin than 94% of similar nonprofits.

2015 filings • NTEE B • $100M-$250M nonprofits • Source year 2015

Top Officer Pay

30th percentile

$318,857

Higher top officer pay than 30% of similar nonprofits.

Top officer pay equals 3.6% of source-year revenue.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2015

Asset Growth

34th percentile

-0.2%

Faster asset growth than 34% of similar nonprofits.

2015 filings • NTEE B • $100M-$250M nonprofits • Annualized from 2014 to 2015

Revenue Growth

71st percentile

10%

Faster revenue growth than 71% of similar nonprofits.

2015 filings • NTEE B • $100M-$250M nonprofits • Annualized from 2014 to 2015

Assets

Down

$119,345,750

Down $249,192 (-0.2%) from 2014

Net Assets

Up

$111,531,781

Up $4,551 (+0.0%) from 2014

Liabilities

Down

$7,813,969

Down $253,743 (-3.1%) from 2014

Revenue

Up

$8,880,439

Up $831,783 (+10%) from 2014

Expenses

Up

$4,546,730

Up $383,838 (+9.2%) from 2014

Net Income

Up

$4,333,709

Up $447,945 (+12%) from 2014

Historical Trend

Balance Sheet Trend

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

$300M$200M$100M$0Assets 2011: $98,734,470Liabilities 2011: $8,057,032Net Assets 2011: $90,677,4382011Assets 2012: $95,329,439Liabilities 2012: $7,700,004Net Assets 2012: $87,629,4352012Assets 2013: $106,888,213Liabilities 2013: $8,306,313Net Assets 2013: $98,581,9002013Assets 2014: $119,594,942Liabilities 2014: $8,067,712Net Assets 2014: $111,527,2302014Assets 2015: $119,345,750Liabilities 2015: $7,813,969Net Assets 2015: $111,531,7812015Assets 2016: $113,008,449Liabilities 2016: $7,129,506Net Assets 2016: $105,878,9432016Assets 2017: $128,543,154Liabilities 2017: $6,811,866Net Assets 2017: $121,731,2882017Assets 2018: $136,691,479Liabilities 2018: $6,507,401Net Assets 2018: $130,184,0782018Assets 2019: $155,474,333Liabilities 2019: $6,868,864Net Assets 2019: $148,605,4692019Assets 2020: $157,894,356Liabilities 2020: $6,371,623Net Assets 2020: $151,522,7332020Assets 2021: $201,510,007Liabilities 2021: $6,342,509Net Assets 2021: $195,167,4982021Assets 2022: $187,420,574Liabilities 2022: $5,143,775Net Assets 2022: $182,276,7992022Assets 2023: $204,278,936Liabilities 2023: $5,661,172Net Assets 2023: $198,617,7642023Assets 2024: $226,098,552Liabilities 2024: $6,718,708Net Assets 2024: $219,379,8442024Assets 2025: $251,933,560Liabilities 2025: $6,381,551Net Assets 2025: $245,552,0092025

Highlighted filing

2015

Assets$119,345,750
Liabilities$7,813,969
Net Assets$111,531,781

Operations Trend

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

$60M$40M$20M$0-$20MRevenue 2011: $7,652,022Expenses 2011: $3,021,274Net Income 2011: $4,630,7482011Expenses 2012: $3,619,5962012Expenses 2013: $3,533,2682013Revenue 2014: $8,048,656Expenses 2014: $4,162,892Net Income 2014: $3,885,7642014Revenue 2015: $8,880,439Expenses 2015: $4,546,730Net Income 2015: $4,333,7092015Revenue 2016: $4,728,242Expenses 2016: $5,256,880Net Income 2016: -$528,6382016Revenue 2017: $10,225,758Expenses 2017: $5,075,375Net Income 2017: $5,150,3832017Revenue 2018: $8,657,283Expenses 2018: $5,674,159Net Income 2018: $2,983,1242018Revenue 2019: $19,081,965Expenses 2019: $6,629,848Net Income 2019: $12,452,1172019Revenue 2020: $8,611,610Expenses 2020: $7,117,483Net Income 2020: $1,494,1272020Revenue 2021: $11,104,089Expenses 2021: $8,672,256Net Income 2021: $2,431,8332021Revenue 2022: $12,267,071Expenses 2022: $8,702,755Net Income 2022: $3,564,3162022Revenue 2023: $10,802,628Expenses 2023: $9,018,983Net Income 2023: $1,783,6452023Revenue 2024: $4,982,444Expenses 2024: $8,611,112Net Income 2024: -$3,628,6682024Revenue 2025: $50,557,948Expenses 2025: $9,027,786Net Income 2025: $41,530,1622025

Highlighted filing

2015

Revenue$8,880,439
Expenses$4,546,730
Net Income$4,333,709
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 12, 2015
Return Version
2014v5.0
Gross Receipts
$8,898,601
Mission and Program Overview

Mission

The mission of the uncg excellence foundation is to conduct fundraising programs and activities; to invest and manage foundation resources in a responsible manner that balances growth and support for designated university programs; and to develop interest in and support for the university within the corporate, foundation, and political arenas.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$103,773,957$103,981,994▲ $208,037
Investments Other Securities$101,613,448$101,335,049▼ $278,399
Investments in Publicly Traded Securities$15,924,918$15,574,559▼ $350,359
Cap Stk Tr Prin Current Funds$7,721,243$7,524,875▼ $196,368
Savings and Temporary Cash Investments$1,472,854$1,808,571▲ $335,717
Land, Buildings, and Equipment, Net$475,608$468,490▼ $7,118
Pledges and Grants Receivable$87,113$82,704▼ $4,409
Cash and Non-Interest-Bearing Accounts$18,468$33,017▲ $14,549
Pd in Cap Srpls Land Bldg Eqp Fund$32,030$24,912▼ $7,118
Prepaid Expenses and Deferred Charges-$22,000-
Accounts Receivable$2,533$21,360▲ $18,827
Total Assets$119,594,942$119,345,750▼ $249,192
Liabilities
Other Liabilities$7,911,148$7,655,360▼ $255,788
Deferred Revenue$153,875$158,609▲ $4,734
Accounts Payable and Accrued Expenses$2,689$0▼ $2,689
Total Liabilities$8,067,712$7,813,969▼ $253,743
Net Assets / Fund Balance
Total Net Assets Fund Balance$111,527,230$111,531,781▲ $4,551
Total Liabilities and Net Assets / Fund Balance$119,594,942$119,345,750▼ $249,192

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$24,912$10,677-
Land$443,578--
Other Securities$100,852,525--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$99,301,348$2,672,173▼ $588,055$2,806,504$98,578,962
2013$88,039,996$1,050,001▲ $13,601,746$3,390,395$99,301,348
2012$78,548,322$2,971,775▲ $8,235,103$1,715,204$88,039,996
2011$80,869,686$2,006,670▼ $2,098,441$2,229,593$78,548,322
2010$66,329,080$2,931,717▲ $13,701,661$2,092,772$80,869,686
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$3,259,245
Program Service Revenue
$0
Investment Income
$5,598,341
Other Revenue
$22,853
All Other Contributions
$3,251,370
Change in Net Assets
$4,333,709

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded16$132,269Published Price
Other Non Cash Contri Table6$5,100Fair Market Value (FMV)
Total Noncash Contributions22$137,369-

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,357,894
Revenue Not Reported on Financial Statements
$522,545
Revenue Not Reported on Form 990
$-4,329,158
Other Revenue Adjustments
$-18,162
Total Revenue per Audited Statements
$4,028,736
Total Revenue per Form 990
$8,880,439
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,956,031
Other Expenses$590,699
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$3,956,031--$3,956,031
Fees for Service Investment Mgmnt Fees-$540,705-$540,705
Depreciation Depletion-$7,118-$7,118
Fees for Services Legal-$5,287-$5,287
Insurance-$4,380-$4,380
Fees for Services Accounting-$2,900-$2,900
Travel-$625-$625
Occupancy-$538-$538
Other Expenses-$490-$490
Total Functional Expenses$3,956,031$590,699$0$4,546,730

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$4,546,730
Total Expenses per Audited Statements$4,024,185
Expenses per Audited Statements$4,006,023
Expenses Not Reported on Financial Statements$540,707
Expenses Not Reported on Form 990$18,162
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The University of North Carolina at GreensboroGreensboro, NCGovernmentalEducational Support$3,849,041
Weatherspoon Arts FoundationGreensboro, NC501(c)(3)Educational Support$22,691
Weatherspoon Art Museum AssociationGreensboro, NC501(c)(3)Educational Support-
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$41,015
Fundraising Direct Expenses$18,162
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Spartan Golf$48,890$41,015$5,353$35,662
Total Events$48,890$41,015$18,162$22,853
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Annuities Payable$4,977,033
Liabilities Under Unitrust Agreements$2,449,624
Funds Held for Others$192,288
Other Liabilities$36,415
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The finance committee or executive committee review 990 electronically prior to it being filed.

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

Conflict of interest disclosures are requested on an annual basis.

Form 990, Part VI, Section B, Line 15B

The entity has no employees and as such does not have compensation policies. Uncg, a related party, pays the compensation shown on part vii and does have compensation review policies in place.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available for public inspection upon request.

Filing and Contact Details

Filer

Filer Name
Uncg Excellence Foundation Inc
EIN
56-6086393
Phone
3363345200
Address
PO BOX 26170, GREENSBORO, NC 27402

Signing Officer

Name
Charles Maimone
Title
Treasurer
Phone
3363345200
Signed
2015-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charles Maimone
Formed
1966
Legal Domicile
Nc
Voting Board Members
38
Independent Board Members
36
Employees
0
Volunteers
36

Preparer

Firm
Bernard Robinson & Company Llp
Address
PO BOX 19608, GREENSBORO, NC 27419-9608
Preparer
Lory H Kelley
Phone
3362944494
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Net change in value of split interest agreement -205,906.

Form 990 Part XII, Line 2C

Prior year procedures have not changed.

Financial Statement Notes

PART V, LINE 4:

The majority of the organization's endowments are donor restricted for scholarships, departmental support, or professorships. The unrestricted dollars fund the operating budget as well as chancellor discretionary funding.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Net change in value of split in interest agreement -205,906.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Direct expenses of fundraising events -18,162.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Direct expenses of fundraising events 18,162.

Raw XML AppendixShowing 400 of 886 raw XML fields

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

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IRS990/ActivityOrMissionDesc0THE MISSION OF THE UNCG EXCELLENCE FOUNDATION IS TO CONDUCT FUNDRAISING PROGRAMS AND ACTIVITIES; TO INVEST AND MANAGE FOUNDATION RESOURCES IN A RESPONSIBLE MANNER THAT BALANCES GROWTH AND SUPPORT FOR DESIGNATED UNIVERSITY PROGRAMS; AND TO DEVELOP INTEREST IN AND SUPPORT FOR THE UNIVERSITY WITHIN THE CORPORATE, FOUNDATION, AND POLITICAL ARENAS.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
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/TitleTxt13EX-OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28EX-OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt29DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt30PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt31SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt32TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt33DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt34DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt35DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt36DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt37DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt38DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01966
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt07875
IRS990/FundraisingDirectExpensesAmt018162
IRS990/FundraisingGrossIncomeAmt041015
IRS990/GainOrLossGrp/OtherAmt04616833
IRS990/GamingActivitiesInd00
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IRS990/GrantToRelatedPersonInd00
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IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$252$6.38$246$50.6$9.03$41.5
2024Detailed filing. Detailed filing data is available for this year.$226$6.72$219$4.98$8.61$3.63
2023Detailed filing. Detailed filing data is available for this year.$204$5.66$199$10.8$9.02$1.78
2022Detailed filing. Detailed filing data is available for this year.$187$5.14$182$12.3$8.70$3.56
2021Detailed filing. Detailed filing data is available for this year.$202$6.34$195$11.1$8.67$2.43
2020Detailed filing. Detailed filing data is available for this year.$158$6.37$152$8.61$7.12$1.49
2019Detailed filing. Detailed filing data is available for this year.$155$6.87$149$19.1$6.63$12.5
2018Detailed filing. Detailed filing data is available for this year.$137$6.51$130$8.66$5.67$2.98
2017Detailed filing. Detailed filing data is available for this year.$129$6.81$122$10.2$5.08$5.15
2016Detailed filing. Detailed filing data is available for this year.$113$7.13$106$4.73$5.26$0.53
2015Detailed filing. Detailed filing data is available for this year.$119$7.81$112$8.88$4.55$4.33
2014Detailed filing. Detailed filing data is available for this year.$120$8.07$112$8.05$4.16$3.89
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$107$8.31$98.6$3.53
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$95.3$7.70$87.6$3.62
2011Summary only. Only limited summary data is available for this year.$98.7$8.06$90.7$7.65$3.02$4.63
Peer Organizations

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