2024-05-09T10:20:44-05:00 2023-06-30 620647474 BLACKBURN CHILDERS & STEAGALL PLC 801B SUNSET DRIVE JOHNSON CITY TN 376043033 990 2022-07-01 561467140 MID-ATLANTIC CHRISTIAN UNIVERSITY FOUNDATION INC MID- 2523342010 715 NORTH POINDEXTER STREET ELIZABETH CITY NC 27909 CAROL M STUART VICE PRESIDENT FOR FINANCE 2523342010 2024-05-08 1 CAROL STUART 999009999 0 SARAH PRESNELL P01269151 4232824511 2024-05-08 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SARA SHEPHERD 715 NORTH POINDEXTER STREET ELIZABETH CITY NC 27909 217751 0 X WWW.MACUNIVERSITY.EDU X 1985 NC THE MISSION OF MID-ATLANTIC CHRISTIAN UNIVERSITY FOUNDATION, INC. IS TO SUPPORT THE MISSION OF MID-ATLANTIC CHRISTIAN UNIVERSITY BY ACQUIRING, MANAGING, AND DISTRIBUTING FUNDS TO FURTHER THE UNIVERSITY'S OPERATIONS. 15 12 0 0 0 0 124342 89886 0 0 113293 119097 0 8768 237635 217751 102625 111900 0 0 0 0 0 0 0 29897 12820 132522 124720 105113 93031 3809159 4151950 0 0 3809159 4151950 THE MISSION OF MID-ATLANTIC CHRISTIAN UNIVERSITY FOUNDATION, INC. IS TO SUPPORT THE MISSION OF MID-ATLANTIC CHRISTIAN UNIVERSITY BY ACQUIRING, MANAGING, AND DISTRIBUTING FUNDS TO FURTHER THE UNIVERSITY'S OPERATIONS. 0 0 111900 111900 8768 MID-ATLANTIC CHRISTIAN UNIVERSITY FOUNDATION, INC. GAVE GRANTS TO MID-ATLANTIC CHRISTIAN UNIVERSITY FOR STUDENT AND FACULTY SCHOLARSHIPS AND INSTITUTIONAL SUPPORT (GENERAL FUND, LIBRARY, ETC.). 111900 1 1 0 0 0 0 0 0 0 1 0 1 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 15 12 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NC X CAROL M STUART 2523342010 715 NORTH POINDEXTER STREET ELIZABETH CITY NC 27909 K WAYNE MORRIS MEMBER 1.00 X 0 0 0 EDWIN S GRIFFIN VICE CHAIRMAN 1.00 X X 0 0 0 GREGORY V MARPLES TREASURER 1.00 X X 0 0 0 DONNA D FISHER MEMBER 1.00 X 0 0 0 MCARTHUR BRITT SR MEMBER 1.00 X 0 0 0 DAVID JONES MEMBER 1.00 X 0 0 0 SHARON K JONES MEMBER 1.00 X 0 0 0 J CRAIG LEWIS MEMBER 1.00 X 0 0 0 RONALD LUEPTOW CHAIRMAN 1.00 X X 0 0 0 GREGORY A SEXTON MEMBER 1.00 X 0 0 0 TIMOTHY A TURNER MEMBER 1.00 X 0 0 0 LARRY D COOPER MEMBER 1.00 X 0 0 0 JOHN W MAURICE JR PRESIDENT 1.00 40.00 X 0 47234 48984 SARA SHEPHERD SECRETARY 1.00 40.00 X X 0 80478 1635 CHRIS BELL DIRECTOR OF INSTITUTIONAL ADVANCEMENT 1.00 40.00 X 0 36625 0 0 164337 50619 0 0 0 0 0 89886 89886 119097 119097 OTHER REVENUE 900099 8768 8768 8768 217751 8768 0 119097 111900 111900 12820 12820 124720 111900 12820 0 123528 109892 0 3685631 3670281 0 371777 3809159 4151950 0 0 X 271777 283541 3537382 3868409 3809159 4151950 3809159 4151950 93031 249760 0 X X 0 1 X 1 0 X X X 1 MID-ATLANTIC CHRISTIAN UNIVERSITY 561065978 2 1 111900 0 1 111900 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3809159 89886 364805 111900 4151950 4089235 124342 -301793 102625 3809159 3449145 74645 846712 281267 4089235 3502542 86626 191580 93689 3687059 3318025 86626 191580 -95585 3691816 0.06829 0.82950 0.10221 0 0 0 REAL ESTATE 460700 F CASH AND CASH EQUIVALENTS 140640 F MUTUAL FUNDS - FIXED INCOME 952871 F MUTUAL FUNDS - EQUITY 578910 F EQUITY SECURITIES 1507206 F ALTERNATIVE ASSETS 29954 F 3670281 DUE FROM UNIVERSITY 371777 371777 X PART V, LINE 4: THE PERMANENTLY RESTRICTED NET ASSETS ("ENDOWMENTS") ARE COMPOSED OF FUNDS RESTRICTED FOR SCHOLARSHIPS, FACULTY SCHOLARSHIPS, MISSIONS AND GENERAL USE. THE ENDOWMENTS REPRESENT FUNDS RECEIVED WITH DONOR IMPOSED STIPULATIONS THAT THEY BE MAINTAINED IN PERPETUITY. PART X, LINE 2: NOTE 14 - UNCERTAIN TAXES THE UNIVERSITY FOLLOWS FASB ASC, WHICH PROVIDES GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ORGANIZATION'S FINANCIAL STATEMENTS. AS OF JUNE 30, 2023 AND 2022, THE UNIVERSITY HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE UNIVERSITY'S CONSOLIDATED FINANCIAL STATEMENTS. THE UNIVERSITY'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IN THE CONSOLIDATED FINANCIAL STATEMENTS. NO INTEREST OR PENALTIES WERE RECORDED DURING THE YEARS ENDED JUNE 30, 2023 AND 2022. 1 MID-ATLANTIC CHRISTIAN UNIVERSITY 715 NORTH POINDEXTER STREET ELIZABETH CITY NC 27909 561065978 501(C)(3) 111900 0 CASH PAID N/A MID-ATLANTIC CHRISTIAN UNIVERSITY FOUNDATION, INC. GAVE GRANTS TO MID-ATLANTIC CHRISITAN UNIVERSITY FOR STUDENT AND FACULTY SCHOLARSHIPS AND INSTITUTIONAL SUPPORT (GENERAL FUND, LIBRARY, ETC.). PART I, LINE 2: THE FOUNDATION BOARD APPROVES ANNUALLY, THE DISBURSEMENT OF FOUNDATION FUNDS TO THE UNIVERSITY BASED ON THE TOTAL VALUE OF THE ALLOTTED FUNDS. A CHECK IS WRITTEN TO THE UNIVERSITY AND APPLIED TO STUDENTS, FACULTY/STAFF, DEPARTMENTS, AND GENERAL OPERATIONS IN COMPLIANCE WITH THE "AUTHORIZATION FOR NAMED SCHOLARSHIP FUND". ACCOUNTS ARE REVIEWED ANNUALLY BY AN EXTERNAL INDEPENDENT AUDITOR. FORM 990, PART VI, SECTION A, LINE 2 THE EXECUTIVE DIRECTOR OF THE FOUNDATION, SANDRA S. PERKINS, IS THE WIFE OF D. CLAY PERKINS, WHO IS A MEMBER OF THE BOARD OF DIRECTORS OF THE FOUNDATION AND WHO IS THE PRESIDENT OF MID-ATLANTIC CHRISTIAN UNIVERSITY. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FOUNDATION'S FINAL FORM 990 (INCLUDING ALL REQUIRED SCHEDULES), AS ULTIMATELY FILED WITH THE INTERNAL REVENUE SERVICE, WAS PROVIDED TO EACH PERSON WHO WAS A VOTING MEMBER OF THE GOVERNING BODY AT THE TIME THE FORM 990 WAS PROVIDED, WHETHER IN PAPER OR ELECTRONIC FORM, BEFORE ITS FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THIS IS REVIEWED ANNUALLY AT THE MEETING OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT, AND THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. MID-ATLANTIC CHRISTIAN UNIVERSITY 715 NORTH POINDEXTER STREET ELIZABETH CITY NC 27909 561065978 OPERATION OF UNIVERSITY GRANTING BOTH TWO AND FOUR YEAR DEGREES NC 501(C)(3) 170(B)(1)(A)(II) N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 MID-ATLANTIC CHRISTIAN UNIVERSITY B 111900 CASH PAID FOUNDATION INC GAVE MID-ATLANTIC CHRISTIAN UNIVERSITY GRANTS FOR FUNDING STUDENT AND FACULTY SCHOLAR- SHIPS AND FOR INSTITUTIONAL OPERA- TIONS (GENERAL FUND LIBRARY ETC) PAID EMPLOYEES OF MID-ATLANTIC M CHRISTIAN UNIVERSITY PERFORM FUNDRAISING SOLICITATION FOR MID-ATLANTIC CHRISTIAN UNIVERSITY FOUNDATION INC MID-ATLANTIC CHRISTIAN UNIVERSITY AND N MID-ATLANTIC CHRISTIAN UNIVERSITY FOUND- ATION INC SHARE FACILITIES EQUIPMENT AND MAILING LISTS MID-ATLANTIC CHRISTIAN UNIVERSITY SHARES O PAID EMPLOYEES WITH MID-ATLANTIC CHRIST- IAN UNIVERSITY FOUNDATION INC WHICH HAS NO PAID EMPLOYEES