2024-01-29T11:13:15-06:00 2022-12-31 560587953 GILLIAM BELL MOSER LLP PO BOX 621 BURLINGTON NC 272160621 990 2022-01-01 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 0 WILLIAM E WILKINSON P00024569 3362276283 2024-01-22 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X JIM WESTMORELAND 2901 EAST GATE CITY BLVD 2400 GREENSBORO NC 27401 2080700 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. 10 10 0 0 0 0 0 0 2077475 2080700 0 0 0 0 2077475 2080700 0 0 0 0 316772 332077 0 0 0 2215244 2389657 2532016 2721734 -454541 -641034 23257665 22077657 15929923 13855485 7327742 8222172 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 2514631 2080700 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. 2514631 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 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 6 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 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 DR HAROLD L MARTIN SR CHAIR/PRESIDENT 0.50 X X 0 0 0 MR TAIWO JAIYEOBA SECRETARY/TREASURER 0.50 X X 0 0 0 MS VI-ANNE ANTRUM DIRECTOR 0.50 X 0 0 0 MR R TIMOTHY RICE VICE CHAIR 0.50 X 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 DR CONNIE BOOK DIRECTOR 0.50 X 0 0 0 MR BRENT CHRISTENSEN DIRECTOR 0.50 X 0 0 0 MS SUZANNE WALSH DIRECTOR 0.50 X 0 0 0 MR ED KITCHEN 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 515827 1 RENTAL REVENUE 531120 2080700 2080700 2080700 2080700 2080700 0 0 273650 273650 14000 14000 23775 23775 20652 20652 594 594 20190 20190 18984 16415 2569 200519 200519 530288 530288 1025159 1025159 36805 36805 MAINTENANCE & REPAIRS 244616 244616 MANAGEMENT FEE 183750 183750 TELEPHONE & NETWORK 83583 83583 SECURITY & POLICE 29778 29778 15391 15391 2721734 2514631 207103 0 5329780 4898184 125 350 454186 271616 23044247 6546372 17446189 16497875 27385 409632 23257665 22077657 533605 138694 742958 742958 13522791 12973833 1130569 0 15929923 13855485 X 7327742 8222172 7327742 8222172 23257665 22077657 X -641034 1535464 X 0 1 X 1 0 X 42135 42135 200700 227460 428160 42135 200700 227460 470295 21831 448464 10352 15963 26315 3825 7180 11005 507615 10378975 0.88350 0.66660 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FACILITY RENTAL FEE - 2018 AMOUNT: $ 3,825. 2019 AMOUNT: $ 7,180. SCHEDULE A, PART II, LINE 3 THE CITY OF GREENSBORO PROVIDED 223 PARKING SPACES FOR THE YEAR FOR USC, A VALUE OF $227,460. THIS AMOUNT WAS INADVERTANTLY LEFT OFF THE ORGANIZATION'S FINANCIAL STATEMENTS AND FORM 990 WHEN ORGINALLY FILED. 451007 451007 18485764 2953355 15532409 4107476 3593017 514459 16497875 3843625 227460 1535465 1762925 2080700 0 2080700 2949200 227460 6 227466 2721734 0 2721734 PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FMV OF INTEREST RATE SWAP 1,535,465. PART XII, LINE 2D - OTHER ADJUSTMENTS: ROUNDING 6. 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. THIS AGREEMENT WAS RENEWED IN JULY 2021. MANAGEMENT FEE EXPENSE WAS $183,750 AND $150,000 FOR THE YEARS ENDED DECEMBER 31, 2022 AND 2021, RESPECTIVELY. UNION SQUARE PAID SALARY AND BENEFITS EXPENSE TO GATEWAY OF $332,077 AND $316,773 FOR THE YEARS ENDED DECEMBER 31, 2022 AND 2021, 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 1,535,464. 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.