2024-12-09T13:20:22+00:00 2024-06-30 440160260 Forvis Mazars LLP 4161 Piedmont Parkway Suite 310 Greensboro NC 27410 990 2023-07-01 561185159 Semans Art Fund SEMA 3367703333 1533 South Main Street WinstonSalem NC 27127 Cynthia Liberty Executive Director 3367703333 2024-12-09 true true Brian Doud P01748393 3368895156 2024-12-09 2023 2024-10-15 13:58:12Z Matthew C Harris 1533 South Main Street WinstonSalem NC 27127 136039 false X www.uncsa.edu X 1977 NC To aid and support students and programs of the University of North Carolina School of the Arts 4 4 0 5 0 0 0 0 66819 136039 0 66819 136039 114607 139434 0 0 0 0 46523 46357 161130 185791 -94311 -49752 5129613 5463352 22982 23903 5106631 5439449 TO AID AND SUPPORT STUDENTS AND PROGRAMS OF THE UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS false false 139434 139434 THE SEMANS ART FUND'S PRIMARY OBJECTIVE IS TO PROVIDE FINANCIAL ASSISTANCE TO AID AND PROMOTE THE CURRICULAR AND SPECIAL PROGRAMS OF THE UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS IN THE CONCENTRATIONS OF MUSIC, DRAMA, DANCE, FILMMAKING, AND STAGE DESIGN AND PRODUCTION 139434 true false false false false false false false true false false false false false true true false false false false false false false false false false true true false false false false false false false false false false false false false false true false false false true 2 0 true 0 false false false false false false false false X 4 4 true false false false false false false true false false false true true true false true true false false false NC X Cindy Liberty 3367703333 1903 South Main Street WinstonSalem NC 27127 X Beth C Lucas Vice President 1.0 X X 0 0 0 David R Snider Secretary 1.0 X X 0 0 0 David Winslow Treasurer 1.0 X X 0 0 0 Matthew C Harris President 1.0 X X 0 0 0 0 0 0 0 false false false 0 0 0 0 0 0 0 136039 136039 0 0 0 0 0 0 0 0 0 136039 0 0 136039 32875 32875 106559 106559 7500 7500 20140 20140 0 0 0 0 65 65 342 342 1281 1281 Administrative Costs 16403 16403 Bank Fees 626 626 0 0 0 0 185791 139434 46357 0 418720 607624 0 0 0 0 0 0 0 0 4710893 4855728 0 0 0 0 5129613 5463352 22982 23903 0 0 0 0 22982 23903 2805095 2941135 2301536 2498314 5106631 5439449 5129613 5463352 -49752 382570 0 X false true X false X X X 1 UNC School of the Arts 566065273 6 true 32875 0 1 32875 0 true true false false false true false false false false false false false false false true false false X true true Schedule A, Part IV, Section A, Line 2 Supported Org. Without IRS Status 509(a)1 or (2) THE SEMANS ART FUND SUPPORTS THE UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS (UNCSA). THE UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS IS A PUBLIC UNIVERSITY THAT IS NOT REQUIRED TO OBTAIN RECONGNITION OF ITS PUBLIC CHARITY STATUS BECAUSE IT IS A STATE UNIVERSITY. Schedule A, Part IV, Section A, Line 6 Support to other supported orgs THE ORGANIZATION MADE A $32,875 GRANT TO THE UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS FOUNDATION ("UNCSAF"). UNCSAF IS NOT DESIGNATED AS A SECTION 509(A)(3) SUPPORTING ORGANIZATION, HOWEVER, ITS MISSION IS LIMITED TO SUPPORT OF THE UNC SCHOOL OF THE ARTS. Schedule A, Part IV, Section D, Line 2 Officers Appointed Or Serving Supported Org. THE CHANCELLOR OF THE UNCSA IS AN EX-OFFICIO NONVOTING MEMBER OF THE BOARD OF DIRECTORS. Schedule A, Part IV, Section E, Line 2a Org. Activities Directly Further The Exempt Purposes UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS IS A TAX-EXEMPT PUBLIC UNIVERSITY THAT EDUCATES STUDENTS IN PERFORMANCE ARTS SUCH AS DANCE, THEATER, FILM, AND MUSIC. THE SEMANS ART FUND'S PRIMARY PURPOSES ARE TO RESPOND TO THE NEEDS OF THE UNCSA BY AIDING AND PROMOTING, BY FINANCIAL ASSISTANCE AND OTHERWISE, THE INTERNATIONAL PROGRAMS CARRIED ON BY UNCSA AND TO SUPPORT UNCSA'S CURRICULA AND SPECIAL PROGRAMS IN MUSIC, DRAMA, DANCE, STAGE DESIGN AND PRODUCTION, AND FILM. THE ORGANIZATION ALSO SERVES AS A NONPROFIT ORGANIZATION FOR THE PURPOSE OF SOLICITING, ACCEPTING, AND RECEIVING FUNDS FROM PUBLIC AND PRIVATE SOURCES, AND TO DISTRIBUTE SUCH FUNDS TO THE UNCSA FOR USE IN SUPPORTING MUSIC PROGRAMS AND INNOVATIVE VENTURES, PROGRAMS AND PROJECTS IN MUSIC, DANCE, DRAMA, STAGE DESIGN AND PRODUCTION, AND FILM. SUBSTANTIALLY ALL OF THE ORGANIZATION'S ACTIVITIES IN RESPONDING TO THE NEEDS OF THE UNCSA DURING THE CURRENT YEAR ARE CARRIED OUT BY PROVIDING SCHOLARSHIPS AND GRANTS TO STUDENTS AND UNCSA. Schedule A, Part IV, Section E, Line 2b Activities That One Or More Supp. Org. Engaged In BUT FOR THE ACTIVITIES OF THE SEMANS ART FUND, THE UNCSA WOULD NORMALLY FUND THEIR ACTIVITIES AND PROVIDE STUDENTS WITH SCHOLARSHIPS AND GRANTS THROUGH PUBLIC FUNDS AND DONATIONS. 1004056 1004056 1004056 1004056 1004056 1004056 1004056 1004056 1004056 1004056 0.0 1.0 0.0 false false 0 X 498469 382570 0 382570 115899 20140 0 20140 136039 165651 0 0 165651 20140 0 20140 185791 Schedule D, Part V, Line 4 Intended uses of endowment funds THE PURPOSE OF THE ENDOWMENT FUND IS TO SUPPORT THE UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS WITH ASSISTANCE IN THE AREA OF MUSIC, DRAMA, DANCE, STAGE DESIGN, PRODUCTION, AND FILMMAKING. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE FUND IS EXEMPT FROM INCOME TAXES ON RELATED INCOME UNDER SECTION 501(A) AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. NO MATERIAL UNRELATED BUSINESS TAXABLE INCOME HAS BEEN IDENTIFIED BY MANAGEMENT. ACCORDINGLY. NO PROVISION FOR INCOME TAXES IS MADE IN THE FINANCIAL STATEMENTS. IT IS THE FUND'S POLICY TO EVALUATE ALL TAX POSITIONS AND TO IDENTIFY ANY THAT MAY BE CONSIDERED UNCERTAIN. ALL IDENTIFIED MATERIAL TAX POSITIONS ARE ASSESSED AND MEASURED BY A "MORE-LIKELY-THAN-NOT" THRESHOLD TO DETERMINE IF THE TAX POSITION IS UNCERTAIN AND WHAT, IF ANY, THE EFFECT OF THE UNCERTAIN TAX POSITION MAY HAVE ON THE FINANCIAL STATEMENTS. ANY CHANGES IN THE AMOUNT OF A TAX POSITION WILL BE RECOGNIZED IN THE PERIOD THE CHANGE OCCURS. CURRENTLY, THE STATUTE OF LIMITATIONS REMAINS OPEN SUBSEQUENT TO AND INCLUDING FISCAL YEAR 2020; HOWEVER, NO EXAMINATIONS ARE IN PROCESS. true UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS FOUNDATION INC 1533 SOUTH MAIN STREET WINSTON SALEM NC 27127 566064850 501 (C) (3) 32875 BOOK SUPPORT PROGRAM & STUDENTS AT UNCSA 1 0 Funds to UNCSA students for study 43 104048 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. THE STUDENTS WHO RECEIVE PROJECT GRANTS ARE REQUIRED TO SUBMIT TO THE FUND RECEIPTS FOR AND A SUMMARY OF THE PROJECT AFTER COMPLETION. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons Matthew Harris, Beth Lucas - Family relationship Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body No committee has the authority to act on behalf of the governing body Form 990, Part VI, Line 11b Review of form 990 by governing body A copy of the Form 990 is emailed to the president and treasurer of the board of directors Form 990, Part VI, Line 19 Required documents available to the public The Semans Art Fund makes documents required to be open to public inspection available upon request University of NC School of the Arts 1533 South Main Street WinstonSalem NC 27127 566065273 Public university NC 501(c)(3) 2 NA false University of North Carolina School of the Arts Foundation Inc 1533 South Main Street Winston Salem NC 27127 566064850 Support the University of North Carolina School of the Arts NC 501(c)(3) 5 NA false false true false false false false false false false false false false false false false false false false false