2024-01-29T09:15:07-06:00 2021-12-31 560587953 GILLIAM BELL MOSER LLP PO BOX 621 BURLINGTON NC 272160621 990 2021-01-01 464753139 UNION SQUARE CAMPUS INC UNIO 3363759232 2901 EAST GATE CITY BLVD 2400 GREENSBORO NC 27401 JIM WESTMORELAND INTERIM EXECUTIVE DIRECTOR 3363759232 2024-01-29 1 JIM WESTMORELAND 999009999 WILLIAM E WILKINSON P00024569 3362276283 2024-01-22 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z X JIM WESTMORELAND 2901 EAST GATE CITY BLVD 2400 GREENSBORO NC 27401 2077475 0 X WWW.UNIONSQUARECAMPUS.ORG X 2013 NC TO ASSIST THE UNIVERSITY OF NORTH CAROLINA AT GREENSBORO, NORTH CAROLINA A&T STATE UNIVERSITY, GUILFORD TECHNICAL COMMUNITY COLLEGE AND THE CONE HEALTH SYSTEMS IN PROVIDING EDUCATIONAL OPPORTUNITIES, AND TO OVERSEE THE DEVELOPMENT AND EDUCATIONAL PROGRAMMING OF A DOWNTOWN UNIVERSITY CAMPUS IN GREENSBORO, NORTH CAROLINA. 9 9 0 0 0 0 0 0 2075000 2077475 15964 0 0 0 2090964 2077475 0 0 0 0 310014 316772 0 0 0 3060673 2215244 3370687 2532016 -1279723 -454541 23854771 23257665 16920967 15929923 6933804 7327742 X TO ASSIST THE UNIVERSITY OF NORTH CAROLINA AT GREENSBORO, NORTH CAROLINA A&T STATE UNIVERSITY, GUILFORD TECHNICAL COMMUNITY COLLEGE AND THE CONE HEALTH SYSTEMS IN PROVIDING EDUCATIONAL OPPORTUNITIES, AND TO OVERSEE THE DEVELOPMENT AND EDUCATIONAL PROGRAMMING OF A DOWNTOWN UNIVERSITY CAMPUS IN GREENSBORO, NORTH CAROLINA. 0 0 2361813 2077475 PROVIDING AND MANAGING STATE-OF-THE-ART EDUCATIONAL FACILITIES FOR THE BENEFIT OF, AND BEING USED COLLABORATIVELY BY THE UNIVERSITY OF NORTH CAROLINA AT GREENSBORO, NORTH CAROLINA AGRICULTURAL AND TECHNICAL STATE UNIVERSITY, GUILFORD TECHNICAL COMMUNITY COLLEGE AND CONE HEALTH SYSTEMS IN PROVIDING EDUCATIONAL OPPORTUNITIES IN DOWNTOWN GREENSBORO, NORTH CAROLINA. COORDINATING THE DAY-TO-DAY OPERATIONS OF THE VARIOUS EDUCATIONAL OPPORTUNITIES LOCATED IN THE BUILDING INCLUDING SHARED CLASSROOMS, LABS, AN AUDITORIUM, SEMINAR AND MEETING ROOMS, A STUDENT SUPPORT CENTER, OFFICE SPACE, AND A STATE-OF-THE-ART HEALTHCARE SIMULATION LAB. 2361813 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 5 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 1 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 X X JIM WESTMORELAND 3363759232 2901 EAST GATE CITY BLVD SUITE 2400 GREENSBORO NC 27401 X MRS CAROLE BRUCE SIMMS CHAIR/PRESIDENT 0.50 X X 0 0 0 MR CHRIS WILSON SECRETARY/TREASURER 0.50 X X 0 0 0 DR CONNIE BOOK DIRECTOR 0.50 X 0 0 0 MR R TIMOTHY RICE VICE CHAIR 0.50 X X 0 0 0 MR J EDWARD KITCHEN DIRECTOR 0.50 X 0 0 0 MS VI-ANNE ANTRUM DIRECTOR 0.50 X 0 0 0 DR HAROLD L MARTIN SR DIRECTOR 0.50 X 0 0 0 DR FRANKLIN D GILLIAM JR DIRECTOR 0.50 X 0 0 0 DR ANTHONY J CLARKE DIRECTOR 0.50 X 0 0 0 MR JIM WESTMORELAND INTERIM ED 20.00 X 0 0 0 0 0 0 0 0 0 0 GATEWAY UNIVERSITY RESEARCH PARK 2901 EAST GATE CITY BLVD SUITE 25 GREENSBORO NC 274014904 ADMINISTRATIVE AND PERSONNEL SERVICES 466773 1 RENTAL REVENUE 531120 2077475 2077475 2077475 2077475 2077475 0 0 263900 263900 13432 13432 19623 19623 19817 19817 17691 17691 12130 9618 2512 181942 181942 524566 524566 1039145 1039145 31085 31085 MAINTENANCE & REPAIRS 162176 162176 MANAGEMENT FEE 150000 150000 TELEPHONE & NETWORK 74136 74136 SECURITY & POLICE 22274 22274 99 99 2532016 2361813 170203 0 5172183 5329780 600 125 193466 454186 23044354 5598165 18485333 17446189 3189 27385 23854771 23257665 144994 533605 742958 742958 14053967 13522791 1979048 1130569 16920967 15929923 X 6933804 7327742 6933804 7327742 23854771 23257665 X -454541 848479 X 0 1 X 1 0 X 72450 42135 114585 200700 200700 72450 42135 200700 315285 74412 240873 10352 15963 26315 8725 3825 7180 19730 361330 10371375 0.66660 0.86690 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FACILITY RENTAL FEE - 2017 AMOUNT: $ 8,725. 2018 AMOUNT: $ 3,825. 2019 AMOUNT: $ 7,180. SCHEDULE A, PART II, LINE 10 IN TAX YEARS 2017 AND 2018, CHANGE IN FMV OF INTEEST RATE SWAP WAS INADVERTANTLY REFLECTED AS OTHER INCOME ON SCHEDULE A, PART II, LINE 10. WE HAVE UPDATED IN TAX YEAR 2021 TO REMOVE FROM RESPECTIVE YEARS. SCHEDULE A, PART II, LINE 3 THE CITY OF GREENSBORO PROVIDED 223 PARKING SPACES FOR THE YEAR FOR USC, A VALUE OF $200,700. THIS AMOUNT WAS INADVERTANTLY LEFT OFF THE ORGANIZATION'S FINANCIAL STATEMENTS AND FORM 990 WHEN ORGINALLY FILED. 451007 451007 18485764 2491211 15994553 4107583 3106954 1000629 17446189 FAIR VALUE OF INTEREST RATE SWAP 1130569 1130569 3126654 200700 848479 1049179 2077475 0 2077475 2732716 200700 200700 2532016 0 2532016 PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FMV OF INTEREST RATE SWAP 848,479. FORM 990, PART VI, SECTION A, LINE 2 HAROLD L. MARTIN, SR. AND FRANKLIN GILLIAM, JR. SERVE ON THE BOARD OF DIRECTORS OF UNION SQUARE CAMPUS AND ALSO ON THE BOARD OF DIRECTORS OF GATEWAY RESEARCH PARK, THE 501(C)(3) NONPROFIT, WHICH PROVIDES FACILITIES AND MANAGEMENT SERVICES FOR UNION SQUARE CAMPUS. THE BOARD OF DIRECTORS OF GATEWAY RESEARCH PARK ONLY APPROVE THE CONTRACTUAL AGREEMENTS WITH UNION SQUARE CAMPUS, AND ARE NOT INVOLVED IN THE DAY-TO-DAY MANAGEMENT DECISIONS AT UNION SQUARE CAMPUS. HAROLD L. MARTIN, SR. AND FRANKLIN GILLIAM, JR., RECUSE THEMSELVES FROM ANY CONFLICTING BOARD DECISIONS. FORM 990, PART VI, SECTION A, LINE 3 AS PART OF AN AGREEMENT WITH GATEWAY RESEARCH PARK, INC., UNION SQUARE PAYS A MONTHLY MANAGEMENT FEE TO GATEWAY TO PROVIDE ACCOUNTING AND BOOKKEEPING SERVICES. AS PART OF THE SAME AGREEMENT WITH GATEWAY EFFECTIVE AUGUST 1, 2016, UNION SQUARE PAYS A MONTHLY MANAGEMENT FEE TO GATEWAY TO PROVIDE ACCOUNTING AND ADMINISTRATIVE STAFFING SERVICES. MANAGEMENT FEE EXPENSE WAS $150,000 FOR THE YEARS ENDED DECEMBER 31, 2021 AND 2020. UNION SQUARE PAID SALARY AND BENEFITS EXPENSE TO GATEWAY OF $316,773 AND $310,014 FOR THE YEARS ENDED DECEMBER 31, 2021 AND 2020, RESPECTIVELY. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 IS PRESENTED TO UNION SQUARE CAMPUS, INC.'S BOARD OF DIRECTORS FOR REVIEW AND COMMENTS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS ARE REQUIRED TO REVIEW THE POLICY EACH CALENDAR YEAR. FORM 990, PART VI, SECTION C, LINE 19 FORM 990 IS AVAILABLE FOR REVIEW THROUGH GUIDESTAR AND THROUGH THE NC CHARITABLE SOLICITATION LICENSING DIVISION OF THE NORTH CAROLINA DEPARTMENT OF THE SECRETARY OF STATE. FORM 990, PART XI, LINE 9: CHANGE IN FMV OF INTEREST RATE SWAP 848,479. FORM 990, AMENDED RETURN THIS RETURN IS BEING AMENDED TO REFLECT CHANGES ON SCHEDULE A AND D. THESE CHANGES REFLECT A DONATION FROM THE CITY OF GREENSBORO OF 223 PARKING SPACES IN 2021, A VALUE OF $200,700. THIS AMOUNT WAS INADVERTANTLY LEFT OFF THE ORGANIZATION'S FINANCIAL STATEMENTS AND FORM 990 WHEN ORGINALLY FILED.