Civic Intelligence

Educational Foundation Scholarship Endowment Trust

990 • Fiscal year 2018 • EIN 56-6094839

Jul 01, 2017 to Jun 30, 2018 • Filed on May 14, 2019

Organization ProfileWWW.RAMSCLUB.COM
450 Skipper Bowles DriveChapel Hill, NC 27599

(919) 843-2000

Siviq Scores

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

Liabilities / Assets

1st percentile

0.00x

Higher debt load relative to assets than 1% of similar nonprofits.

2018 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2018

Liabilities / Revenue

1st percentile

0.00x

Higher debt load relative to revenue than 1% of similar nonprofits.

2018 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2018

Net Margin

95th percentile

57%

Higher net margin than 95% of similar nonprofits.

2018 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

81st percentile

11%

Faster asset growth than 81% of similar nonprofits.

2018 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2017 to 2018

Revenue Growth

90th percentile

36%

Faster revenue growth than 90% of similar nonprofits.

2018 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets1st percentile

Assets

Up

$268,950,460

Up $27,631,407 (+11%) from 2017

Net Assets

Up

$268,912,616

Up $27,634,677 (+11%) from 2017

Liabilities

Down

$37,844

Down $3,270 (-8.0%) from 2017

Revenue And Expenses
Liabilities / Revenue1st percentileNet Margin95th percentile

Revenue

Up

$25,227,168

Up $6,624,114 (+36%) from 2017

Expenses

Up

$10,931,913

Up $378,130 (+3.6%) from 2017

Net Income

Up

$14,295,255

Up $6,245,984 (+78%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth81st percentile

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

$600M$400M$200M$0Assets 2010: $174,627,202Liabilities 2010: $95,815Net Assets 2010: $174,531,3872010Assets 2011: $191,065,552Liabilities 2011: $92,798Net Assets 2011: $190,972,7542011Assets 2012: $187,447,465Liabilities 2012: $66,865Net Assets 2012: $187,380,6002012Assets 2013: $200,401,457Liabilities 2013: $62,088Net Assets 2013: $200,339,3692013Assets 2014: $221,212,043Liabilities 2014: $60,023Net Assets 2014: $221,152,0202014Assets 2015: $232,725,483Liabilities 2015: $56,089Net Assets 2015: $232,669,3942015Assets 2016: $220,197,030Liabilities 2016: $47,626Net Assets 2016: $220,149,4042016Assets 2017: $241,319,053Liabilities 2017: $41,114Net Assets 2017: $241,277,9392017Assets 2018: $268,950,460Liabilities 2018: $37,844Net Assets 2018: $268,912,6162018Assets 2019: $287,135,487Liabilities 2019: $38,495Net Assets 2019: $287,096,9922019Assets 2020: $284,255,415Liabilities 2020: $36,677Net Assets 2020: $284,218,7382020Assets 2021: $389,903,195Liabilities 2021: $18,215Net Assets 2021: $389,884,9802021Assets 2022: $400,369,374Liabilities 2022: $17,748Net Assets 2022: $400,351,6262022Assets 2023: $390,931,229Liabilities 2023: $16,001Net Assets 2023: $390,915,2282023Assets 2024: $423,089,958Liabilities 2024: $0Net Assets 2024: $423,089,9582024

Highlighted filing

2018

Assets$268,950,460
Liabilities$37,844
Net Assets$268,912,616
Open 2018 Filing

Operations Trend

Revenue Growth90th percentile

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

$30M$20M$10M$0Expenses 2010: $9,249,1472010Expenses 2011: $8,966,1702011Expenses 2012: $9,455,4302012Expenses 2013: $9,585,7322013Revenue 2014: $12,185,515Expenses 2014: $9,586,869Net Income 2014: $2,598,6462014Revenue 2015: $13,432,054Expenses 2015: $10,228,784Net Income 2015: $3,203,2702015Revenue 2016: $13,254,885Expenses 2016: $10,429,259Net Income 2016: $2,825,6262016Revenue 2017: $18,603,054Expenses 2017: $10,553,783Net Income 2017: $8,049,2712017Revenue 2018: $25,227,168Expenses 2018: $10,931,913Net Income 2018: $14,295,2552018Revenue 2019: $21,579,390Expenses 2019: $11,260,488Net Income 2019: $10,318,9022019Revenue 2020: $17,928,472Expenses 2020: $11,748,217Net Income 2020: $6,180,2552020Revenue 2021: $25,351,334Expenses 2021: $12,344,558Net Income 2021: $13,006,7762021Revenue 2022: $25,037,284Expenses 2022: $12,994,195Net Income 2022: $12,043,0892022Revenue 2023: $25,424,536Expenses 2023: $14,052,980Net Income 2023: $11,371,5562023Revenue 2024: $23,391,900Expenses 2024: $15,179,740Net Income 2024: $8,212,1602024

Highlighted filing

2018

Revenue$25,227,168
Expenses$10,931,913
Net Income$14,295,255
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 14, 2019
Return Version
2017v2.3
Gross Receipts
$25,343,588
Mission and Program Overview

Mission

The trust was organized and at all times has and shall continue to be operated exclusively for the purpose of making distributions to the educational foundation, inc. (the "foundation") for use by the foundation in awarding scholarships to student-athletes attending the university of north carolina at chapel hill.

The trust operates solely to assist the university of north carolina at chapel hill in providing financial assistance to students at the university.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$220,529,118$242,299,821▲ $21,770,703
Savings and Temporary Cash Investments$10,210,840$10,733,857▲ $523,017
Pledges and Grants Receivable$3,631,444$8,411,307▲ $4,779,863
Investments in Publicly Traded Securities$291,968$283,048▼ $8,920
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
Land, Buildings, and Equipment, Net$0$0→ $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$241,319,053$268,950,460▲ $27,631,407
Other Assets Total$6,655,683$7,222,427▲ $566,744
Liabilities
Other Liabilities$41,114$37,844▼ $3,270
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
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$41,114$37,844▼ $3,270
Net Assets / Fund Balance
Permanently Rstr Net Assets$124,878,467$138,660,312▲ $13,781,845
Temporarily Rstr Net Assets$116,399,472$130,252,304▲ $13,852,832
Unrestricted Net Assets$0$0→ $0
Total Net Assets Fund Balance$241,277,939$268,912,616▲ $27,634,677
Total Liabilities and Net Assets / Fund Balance$241,319,053$268,950,460▲ $27,631,407

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$183,066--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$241,277,939$14,064,245▲ $24,482,174-$268,912,616
2016$220,149,404$7,967,278▲ $23,695,664-$241,277,939
2015$232,669,394$2,829,670▼ $4,940,358-$220,149,404
2014$221,152,020$3,279,447▲ $18,447,816-$232,669,394
2013$200,339,369$2,309,487▲ $28,071,679-$221,152,020
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Matt TerrellAssoc Exec Director Strategy & Comm
Dawn McphersonDirector Campaign Operations
John MontgomeryExecutive Director
Diane AldridgeCFO & General Counsel
Allen WilsonInvestment Committee Member
Chris SmithInvestment Committee Member
Don WilliamsInvestment Committee Member
Ken WilliamsInvestment Committee Member
Munroe CobeyInvestments Committee Member
Revenue and Support

Revenue Composition

Contributions and Grants
$14,064,245
Program Service Revenue
$0
Investment Income
$11,162,923
Other Revenue
$0
All Other Contributions
$14,064,245
Change in Net Assets
$14,295,255

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 Traded41$2,157,113Fair Market Value (FMV)
Total Noncash Contributions41$2,157,113-

Audited Revenue Reconciliation

Revenue per Audited Statements
$25,206,997
Revenue Not Reported on Financial Statements
$20,171
Revenue Not Reported on Form 990
$13,339,422
Total Revenue per Audited Statements
$38,546,419
Total Revenue per Form 990
$25,227,168
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$10,622,815
Other Expenses$309,098
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$10,622,815--$10,622,815
Other Expenses$0$20,171$0$20,171
Total Functional Expenses$10,622,815$309,098$0$10,931,913

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$10,931,913
Expenses per Audited Statements$10,911,742
Total Expenses per Audited Statements$10,911,742
Expenses Not Reported on Financial Statements$20,171
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Educational Foundation IncChapel Hill, NC501(c)(3)Scholarships$10,622,815
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

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

Other Reported Liabilities

LiabilityAmount
Annuities Payable$37,844
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
Yes
Other officer compensation reviewed
Yes
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, QUESTION 11:

“Board review of form 990 during may of 2019, management distributed a draft of the 2017 form 990 to the audit committee and gave the members an opportunity to provide comments and ask questions with respect to the draft. Based on feedback provided from the audit committee, management updated the draft form 990. Prior to finalization of the return, management provided a finalized draft, via e-mail, to all members of the executive board of directors prior to filing with the irs.”

FORM 990, PART VI, SECTION B, QUESTION 12C:

“Conflict of interest policy educational foundation scholarship endowment trust has a conflict of interest policy. It is the responsibility of each board member to annually notify the foundation of any potential conflicts. The organization's annual notification process serves as its process for monitoring potential conflicts.”

FORM 990, PART VI, SECTION B, QUESTION 15:

“Compensation review educational foundation scholarship endowment trust's board of directors designated the compensation committee to be responsible for establishing compensation practices which are reasonable and do not violate the private inurement prohibition. The practices and processes are designed to avoid any claim for intermediate sanctions and to satisfy the requirements to obtain the rebuttable presumption. The compensation committee reviews outside, independent data to establish the compensation of our officers and key employees. The board of directors review and set forth the compensation for the ceo using the same process as the compensation committee.”

FORM 990, PART VI, SECTION C, QUESTION 19:

“Governing documents educational foundation scholarship endowment trust does not make its governing documents, financial statements, or its conflict of interest policy available to the public. The organization's form 990 is publicly available upon request.”

Filing and Contact Details

Filer

Filer Name
Educational Foundation
EIN
56-6094839
In Care Of
% DIANE SCOBIE ALDRIDGE
Phone
9198432000
Address
450 SKIPPER BOWLES DRIVE, CHAPEL HILL, NC 27599

Signing Officer

Name
Diane S Aldridge
Title
CFO & Gen. Counsel
Phone
9198432000
Signed
2019-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Montgomery
Formed
1968
Legal Domicile
Nc
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
200

Preparer

Firm
Kpmg Llp
Address
300 North Greene Street Suite 400, Greensboro, NC 27401
Preparer
Shawn M Hutchinson 5132019
Phone
3362753394
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Other changes in net assets actuarial adjustment is $3,270 in 2018 and $6,512 in 2017.”

Financial Statement Notes

Form 990, Schedule D, Part XI, Line 2D

“Other actuarial adjustment of $3,270 in 2018 and $6,512 in 2017.”

Form 990, Schedule D, Part V, Line 4

“Intended uses of endowment funds endowments are invested in perpetuity and the income from those investments is expendable in accordance with the trust's endowment spending policy to support scholarships.”

Form 990, Schedule D, Part X, Line 2

“The Trust is exempt from Federal and state income taxes on related income under Internal Revenue Code 501(a) as an organization described in Section 501(c)(3) and applicable state statutes. Accordingly, no provision for income taxes has been made.”

Raw XML AppendixShowing 400 of 706 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/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt00
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt00
IRS990/AccountsReceivableGrp/BOYAmt00
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE TRUST OPERATES SOLELY TO ASSIST THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL IN PROVIDING FINANCIAL ASSISTANCE TO STUDENTS AT THE UNIVERSITY.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AllOtherContributionsAmt014064245
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0DIANE SCOBIE ALDRIDGE
IRS990/BooksInCareOfDetail/PhoneNum09198432000
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0450 SKIPPER BOWLES DRIVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0CHAPEL HILL
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd027599
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt00
IRS990/CashNonInterestBearingGrp/EOYAmt00
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CostOfGoodsSoldAmt00
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt014064245
IRS990/CYGrantsAndSimilarPaidAmt010622815
IRS990/CYInvestmentIncomeAmt011162923
IRS990/CYOtherExpensesAmt0309098
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt014295255
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt010931913
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt025227168
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0true
IRS990/DeferredRevenueGrp/BOYAmt00
IRS990/DeferredRevenueGrp/EOYAmt00
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0SCHOLARSHIP FUNDS WERE TRANSFERRED TO THE EDUCATIONAL FOUNDATION, INC. IN ITS CAPACITY AS AN AGENT OF THE TRUST. THE DISTRIBUTIONS WERE THEN FORWARDED FROM THE FOUNDATION TO THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL TO SUPPORT THE SCHOLARSHIP COSTS FOR STUDENT ATHLETES AT THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountLiabilityGrp/BOYAmt00
IRS990/EscrowAccountLiabilityGrp/EOYAmt00
IRS990/ExpenseAmt010622815
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt00
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt540.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt640.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt740.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt840.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.0
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt527499
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt629545
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt739388
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt824728
IRS990/Form990PartVIISectionAGrp/PersonNm0ALLEN WILSON
IRS990/Form990PartVIISectionAGrp/PersonNm1KEN WILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm2MUNROE COBEY
IRS990/Form990PartVIISectionAGrp/PersonNm3CHRIS SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm4DON WILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm5DIANE ALDRIDGE
IRS990/Form990PartVIISectionAGrp/PersonNm6DAWN MCPHERSON
IRS990/Form990PartVIISectionAGrp/PersonNm7JOHN MONTGOMERY
IRS990/Form990PartVIISectionAGrp/PersonNm8MATT TERRELL
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt5180772
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt6171700
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt7423419
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt8156454
IRS990/Form990PartVIISectionAGrp/TitleTxt0INVESTMENT COMMITTEE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1INVESTMENT COMMITTEE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2INVESTMENTS COMMITTEE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3INVESTMENT COMMITTEE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4INVESTMENT COMMITTEE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5CFO & GENERAL COUNSEL
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR CAMPAIGN OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt7EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8ASSOC EXEC DIR STRATEGY & COMM
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0false
IRS990/FormationYr01968
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingDirectExpensesAmt00
IRS990/FundraisingGrossIncomeAmt00
IRS990/GainOrLossGrp/SecuritiesAmt011131664
IRS990/GamingActivitiesInd0false
IRS990/GamingDirectExpensesAmt00
IRS990/GamingGrossIncomeAmt00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantAmt010622815
IRS990/GrantsPayableGrp/BOYAmt00
IRS990/GrantsPayableGrp/EOYAmt00
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt010622815
IRS990/GrantsToDomesticOrgsGrp/TotalAmt010622815
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt011248084
IRS990/GrossReceiptsAmt025343588
IRS990/GrossSalesOfInventoryAmt00
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt00
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt031238
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt031259
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt021
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0220529118
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0242299821
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0291968
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0283048
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0NC
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0116420
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE TRUST WAS ORGANIZED AND AT ALL TIMES HAS AND SHALL CONTINUE TO BE OPERATED EXCLUSIVELY FOR THE PURPOSE OF MAKING DISTRIBUTIONS TO THE EDUCATIONAL FOUNDATION, INC. (THE "FOUNDATION") FOR USE BY THE FOUNDATION IN AWARDING SCHOLARSHIPS TO STUDENT-ATHLETES ATTENDING THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt0241277939
IRS990/NetAssetsOrFundBalancesEOYAmt0268912616
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt011131664
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt011131664
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt013336152
IRS990/NoncashContributionsAmt02157113
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt06655683
IRS990/OtherAssetsTotalGrp/EOYAmt07222427
IRS990/OtherChangesInNetAssetsAmt03270
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0ANNUITY PAYMENTS
IRS990/OtherExpensesGrp/Desc1BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc2ADMIN EXPENSE
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06527
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1282400
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt220171
IRS990/OtherExpensesGrp/ProgramServicesAmt00
IRS990/OtherExpensesGrp/ProgramServicesAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt20
IRS990/OtherExpensesGrp/TotalAmt06527
IRS990/OtherExpensesGrp/TotalAmt1282400
IRS990/OtherExpensesGrp/TotalAmt220171
IRS990/OtherLiabilitiesGrp/BOYAmt041114
IRS990/OtherLiabilitiesGrp/EOYAmt037844
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0124878467
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0138660312
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt03631444
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt08411307
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0JOHN MONTGOMERY
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt07967278
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt010412722
IRS990/PYInvestmentIncomeAmt010635776
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0141061
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt08049271
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt010553783
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt018603054
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt014295255
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt010210840
IRS990/SavingsAndTempCashInvstGrp/EOYAmt010733857
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0ON AN ANNUAL BASIS, THE BOARD OF TRUSTEES OF THE EDUCATIONAL FOUNDATION SCHOLARSHIP TRUST ("TRUST') APPROPRIATES A PORTION OF THE NET APPRECIATION OF ITS ASSETS TO THE EDUCATIONAL FOUNDATION, INC. ("FOUNDATION') IN ITS CAPACITY AS AGENT FOR THE TRUST. THE DISTRIBUTIONS FROM THE TRUST TO THE FOUNDATION WERE $10,622,815 IN 2018 AND $10,412,722 IN 2017. THE FOUNDATION THEN FORWARDS THESE FUNDS TO THE UNIVERSITY TO PROVIDE FINANCIAL ASSISTANCE TO STUDENTS AT THE UNIVERSITY.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Form 990, Schedule A, Part I
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt014064245
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt07967278
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02829670
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt03279447
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02309487
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt030450127
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt031259
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt013037
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt010345
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt09614
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt019800
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt084055
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicSupportCY170Pct00.82156
IRS990ScheduleA/PublicSupportPY170Pct00.78978
IRS990ScheduleA/PublicSupportTotal170Amt025085596
IRS990ScheduleA/SubstantialContributorsTotAmt05364531
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0566058412
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd05
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt010622815
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0THE EDUCATION FOUNDATION INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt010622815
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt014064245
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt07967278
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02829670
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt03279447
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt02309487
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt030450127
IRS990ScheduleA/TotalSupportAmt030534182
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.00000
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt0282400
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0241277939
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt014064245
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0268912616
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt010629342
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt024482174
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0115000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0220149404
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt07967278
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0241277939
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt010419407
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt023695664
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0265000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0232669394
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt02829670

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$268,950,460
Liabilities
$37,844
Net assets
$268,912,616
Revenue
$25,227,168
Expenses
$10,931,913
Net income
$14,295,255
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$423$0.00$423$23.4$15.2$8.21
2023Detailed filing. Detailed filing data is available for this year.$391$0.02$391$25.4$14.1$11.4
2022Detailed filing. Detailed filing data is available for this year.$400$0.02$400$25.0$13.0$12.0
2021Detailed filing. Detailed filing data is available for this year.$390$0.02$390$25.4$12.3$13.0
2020Detailed filing. Detailed filing data is available for this year.$284$0.04$284$17.9$11.7$6.18
2019Detailed filing. Detailed filing data is available for this year.$287$0.04$287$21.6$11.3$10.3
2018Detailed filing. Detailed filing data is available for this year.$269$0.04$269$25.2$10.9$14.3
2017Detailed filing. Detailed filing data is available for this year.$241$0.04$241$18.6$10.6$8.05
2016Detailed filing. Detailed filing data is available for this year.$220$0.05$220$13.3$10.4$2.83
2015Detailed filing. Detailed filing data is available for this year.$233$0.06$233$13.4$10.2$3.20
2014Detailed filing. Detailed filing data is available for this year.$221$0.06$221$12.2$9.59$2.60
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$200$0.06$200$9.59
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$187$0.07$187$9.46
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$191$0.09$191$8.97
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$175$0.10$175$9.25