2024-12-20T10:06:04-05:00 2024-06-30 844233121 SHARPE PATEL CPA 325 ARLINGTON AVE STE 630 CHARLOTTE NC 28203 990 2023-07-01 043587582 WESTERN CAROLINA UNIVERSITY RESEARCH & DEVELOPMENT CORPORATION WEST 8282273108 HFR ADMINISTRATION BLDG STE 400 CULLOWHEE NC 28723 PAT KAEMMERLING CHAIR 8282273108 2024-10-30 true true REBECCA FISHER CPA P01690017 7044993893 2024-10-30 2023 2024-10-15 13:58:12Z PAT KAEMMERLING 2347182 false X N/A X 2003 NC AID AND PROMOTE EDUCATION AND CHARITY. 6 6 0 6 0 0 710504 761144 1594950 1586050 -19 -12 2305435 2347182 0 0 0 0 0 2070786 1784069 2070786 1784069 234649 563113 50660026 48587865 45863506 43228232 4796520 5359633 TO AID AND PROMOTE EDUCATION AND CHARITABLE ACTIVITIES AT WESTERN CAROLINA UNIVERSITY. false false 1765285 761144 AID AND PROMOTE THE EDUCATION AND CHARITABLE PURPOSES AND LAWFUL ACTIVITIES OF WESTERN CAROLINA UNIVERSITY, A CONSTITUENT INSTITUTION OF THE UNIVERSITY OF NORTH CAROLINA. 1765285 true false false false false false false false false false false false false false true true false true false false false false false false false false false false false false true false false false false false false false false false false false false false false true true false false false true 0 0 0 false false false false false false false false false false false false false false X 6 6 false false false false false false false true true false false true true false false true true false false false NC X MICHAEL T BYERS 8282273108 WCU CULLOWHEE NC 28723 X KELLI BROWN PRESIDENT 1.00 X X 0 0 0 MICHAEL T BYERS TREASURER 1.00 X X 0 0 0 PAT KAEMMERLING CHAIR 1.00 X X 0 0 0 BRYANT KINNEY VICE CHAIR 1.00 X X 0 0 0 SAM MILLER DIRECTOR 1.00 X 0 0 0 RICHARD STARNES DIRECTOR 1.00 X 0 0 0 false false false MANAGEMENT FEE 900099 761144 761144 761144 1352751 1352751 233299 233299 LOSS PASSED THROUGH IMAF 900099 -12 -12 -12 2347182 2347182 7064 7064 11720 11720 1519188 1519188 245097 245097 ARBITRAGE REBATE FEE 800 800 ANNUAL FILING FEES 200 200 1784069 1765285 18784 0 453696 531902 5032918 5046402 456942 42736780 40290725 2378347 256183 8285 6035 50000 1999676 50660026 48587865 139023 124482 45724483 40085000 3018750 45863506 43228232 X 680738 725266 4115782 4634367 4796520 5359633 50660026 48587865 563113 X false true X false false X X 1 WESTERN CAROLINA UNIVERSITY 566001440 2 true 0 0 1 0 true false false false false false false false false false false false false false false true false UNAMORTIZED PREMIUM ON BONDS 2411532 DEFERRED INFLOW OF RESOURCES 607218 3018750 X SCHEDULE D, PAGE 3, PART X THE CORPORATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTEREVENUE CODE AND CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. CONTINUANCE OF THEIR EXEMPTION IS SUBJECT TO COMPLIANCE WITH REGULATIONS AND REVIEW OF ACTIVITIES BY TAXING AUTHORITIES. THE CORPORATION IS NOT AWARE OF ANY TRANSACTIONS THAT WOULD AFFECT ITS TAX-EXEMPT STATUS. THE CORPORATION'S FORMS 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, FOR THE YEARS ENDED JUNE 30, 2023, 2022, AND 2021 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. THE CORPORATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. A WESTERN CAROLINA UNIVERSITY RESEARC AND DEVELOPMENT CORPORATION 043587582 000957897 2015-04-30 8035000 REFUND THE 2005 CERTIFICATES OF PARTICIPATION BONDS (FY 2015) false false false B WESTERN CAROLINA UNIVERSITY RESEARC AND DEVELOPMENT CORPORATION 043587582 000957897 2016-04-27 38375000 REFUND THE 2008 CERTIFICATES OF PARTICIPATION BONDS (FY 2016) false false false C WESTERN CAROLINA UNIVERSITY RESEARC AND DEVELOPMENT 043587582 00958003A 2023-05-04 5695000 TO REFINANCE THE UNIVERSITYS PAYMENT OBLIGATIONS REPRESENTED BY THE COMPANYS LIMITED OBLIGATION BOND false false false A 3655000 8035000 8035000 2015 true false false true B 7880000 38375000 38375000 2016 false true false true C 485000 5695000 5562958 132042 2013 true false false false A false false false false false false false B false false false false false false false C false false false false false false false A false false false false false false false false false B false false false false false false false false false C false false false false false false false false false A false B false C false PURPOSE OF ISSUE DESCRIPTION WESTERN CAROLINA UNIVERSITY RESEARCH REFUND THE 2005 CERTIFICATES OF PARTICIPATION BONDS (FY 2015) PURPOSE OF ISSUE DESCRIPTION WESTERN CAROLINA UNIVERSITY RESEARCH REFUND THE 2008 CERTIFICATES OF PARTICIPATION BONDS (FY 2016) PURPOSE OF ISSUE DESCRIPTION WESTERN CAROLINA UNIVERSITY RESEARCH TO REFINANCE THE UNIVERSITYS PAYMENT OBLIGATIONS REPRESENTED BY THE COMPANYS LIMITED OBLIGATION BONDS (WESTERN CAROLINA UNIVERSITY STUDENT HOUSING PROJECT), SERIES 2013 (THE 2013 BONDS).THE PROCEEDS OF THE 2023 BONDS WILL BE USED TO (1) REFUND THE 2013 BONDS SCHEDULED TO MATURE ON OR AFTER JUNE 1, 2023 (SUCH PORTION TO BE REFUNDED, THE REFUNDED BONDS), AND (2) PAY THE COSTS ASSOCIATED WITH THE EXECUTION AND DELIVERY OF THE 2023 BONDS (THE COSTS OF ISSUANCE). FORM 990, PAGE 6, PART VI, LINE 11B A COPY OF FORM 990 IS PROVIDED TO EACH BOARD MEMBER VIA EMAIL FOR THEIR REVIEW AND COMMENT. APPROVAL OF THE FINAL FORM 990 IS RECEIVED FROM EACH BOARD MEMBER VIA EMAIL AND RETAINED IN THE ANNUAL ACCOUNTING RECORDS. FORM 990, PAGE 6, PART VI, LINE 19 THIS INFORMATION IS AVAILABLE UPON REQUEST. AFFINITY HOUSING LLC 315 HFR ADMINISTRATION BLDG CULLOWHEE NC 28723 331068320 HOUSING NC 285081 6981203 WCU R&D CO RESEARCH AND DEVELOPMENT CORPORATIO WESTERN CAROLINA UNIVERSITY 460 HFR ADMINISTRATION BUILDING CULLOWHEE NC 28723 566001440 EDUCATION NC N/A false CORPORATION FOR ENTREPRENEURSHIP AND INNOVATION LLC 124 FORSYTH BLDG CULLOWHEE NC 28723 474518792 ENTREPRENE NC N/A false false false false false false false false false false false false false false false false false false true true WESTERN CAROLINA UNIVERSITY S 761144 MANGEMENT FEES RECEIVED WESTERN CAROLINA UNIVERSITY S 1352751 CAPITAL LEASE PAYMENTS