Nonprofit · EIN 56-0599225
MOREHEAD CAIN FOUNDATION
Tax-exempt · CHAPEL HILL, NC 27514
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-PF | $16,660,210 | $17,455,844 | -$795,634 | $224,987,957 | $2,129,701 | $222,858,256 |
| June 30, 2024 | 990-PF | $15,335,263 | $16,689,105 | -$1,353,842 | $225,484,385 | $1,830,495 | $223,653,890 |
| June 30, 2023 | 990-PF | $10,574,596 | $15,158,500 | -$4,583,904 | $226,832,928 | $1,825,196 | $225,007,732 |
Financial details: 990-PF for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $7,500,000
- Dividends
- $243,217
- Net gain from sales of assets
- $8,858,115
- Other income
- $58,878
Expenses
- Grants and similar amounts paid
- $14,946,994
- Compensation of officers, directors and key employees
- $462,848
- Disbursements for charitable purposes
- $16,342,469
- Excise tax on investment income
- $118,775
Balance sheet and other
- Total assets, start of year
- $225,484,385
- Total assets, end of year
- $224,987,957
- Total liabilities, end of year
- $2,129,701
- Net assets, end of year
- $222,858,256
- Fair market value of assets
- $374,447,759
- Qualifying distributions
- $16,342,469
- Net investment income
- $9,126,934
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MEGAN M MAZZOCCHI POST OFFICE BOX 690, CHAPEL HILL, NC 27514 | VICE PRESIDENT | 40 | $561,677 | $5,587 |
| CHRISTOPHER J BRADFORD POST OFFICE BOX 690, CHAPEL HILL, NC 27514 | PRESIDENT | 40 | $530,000 | $18,187 |
| STEVEN R MICHALAK POST OFFICE BOX 690, CHAPEL HILL, NC 27514 | TREASURER | 40 | $250,000 | $9,606 |
| DAVID B GREER POST OFFICE BOX 690, CHAPEL HILL, NC 27514 | DIRECTOR OF DEVELOPMENT | 40 | $212,000 | $18,104 |
| JESSE M SOLOFF POST OFFICE BOX 690, CHAPEL HILL, NC 27514 | VICE PRESIDENT OF COMMUNITY | 40 | $182,000 | $9,089 |
| TIMOTHY CHENEY POST OFFICE BOX 690, CHAPEL HILL, NC 27514 | DIRECTOR OF RECRUITM Highest-paid employee | 40 | $172,750 | $13,397 |
| JULIE G DEVOE POST OFFICE BOX 690, CHAPEL HILL, NC 27514 | DIRECTOR OF SCHOLAR Highest-paid employee | 40 | $150,000 | $13,080 |
| KINYA P HARTE STARNES POST OFFICE BOX 690, CHAPEL HILL, NC 27514 | DIRECTOR OF MARKETIN Highest-paid employee | 40 | $147,767 | $14,046 |
| TIMOTHY P SULLIVAN POST OFFICE BOX 690, CHAPEL HILL, NC 27514 | CHAIRMAN/TRUSTEE | 5 | $3,729 | $0 |
| WILLIE E ALSTON JR POST OFFICE BOX 690, CHAPEL HILL, NC 27514 | TRUSTEE | 2.5 | $1,864 | $0 |
| A HOLLY C GWYNNE-TIMOTHY POST OFFICE BOX 690, CHAPEL HILL, NC 27514 | TRUSTEE | 2.5 | $1,864 | $0 |
| TERRI LACY POST OFFICE BOX 690, CHAPEL HILL, NC 27514 | TRUSTEE | 2.5 | $1,864 | $0 |
| RACHEL M PFEIFER POST OFFICE BOX 690, CHAPEL HILL, NC 27514 | TRUSTEE | 2.5 | $1,864 | $0 |
| WALKER L POOLE POST OFFICE BOX 690, CHAPEL HILL, NC 27514 | VICE CHAIRMAN/TRUSTEE | 2.5 | $1,864 | $0 |
| BARBARA R HYDE POST OFFICE BOX 690, CHAPEL HILL, NC 27514 | TRUSTEE | 2.5 | $932 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PHIL BERNEY POST OFFICE BOX 690, CHAPEL HILL, NC 27514 | TRUSTEE | 2.5 | $0 |
990-PF for the year ended June 30, 2024: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHRISTOPHER J BRADFORD POST OFFICE BOX 690, CHAPEL HILL, NC 27514 | PRESIDENT | 40 | $499,196 | $18,059 |
| MEGAN M MAZZOCCHI POST OFFICE BOX 690, CHAPEL HILL, NC 27514 | VICE PRESIDENT | 40 | $234,150 | $9,565 |
| STEVEN R MICHALAK POST OFFICE BOX 690, CHAPEL HILL, NC 27514 | TREASURER | 40 | $234,150 | $12,649 |
| DAVID B GREER POST OFFICE BOX 690, CHAPEL HILL, NC 27514 | DIRECTOR OF DEVELOPMENT | 40 | $198,500 | $17,936 |
| TIMOTHY CHENEY POST OFFICE BOX 690, CHAPEL HILL, NC 27514 | DIRECTOR OF RECRUITM Highest-paid employee | 40 | $167,000 | $13,620 |
| KINYA P HARTE STARNES POST OFFICE BOX 690, CHAPEL HILL, NC 27514 | DIRECTOR OF MARKETIN Highest-paid employee | 40 | $134,500 | $13,497 |
| JULIE G DEVOE POST OFFICE BOX 690, CHAPEL HILL, NC 27514 | DIRECTOR OF SCHOLAR Highest-paid employee | 40 | $119,000 | $12,927 |
| JESSE M SOLOFF POST OFFICE BOX 690, CHAPEL HILL, NC 27514 | VICE PRESIDENT OF COMMUNITY | 40 | $112,735 | $5,642 |
| DAVID C WRIGHT III POST OFFICE BOX 690, CHAPEL HILL, NC 27514 | CHAIRMAN/TRUSTEE | 5 | $5,203 | $0 |
| WILLIE E ALSTON JR POST OFFICE BOX 690, CHAPEL HILL, NC 27514 | TRUSTEE | 2.5 | $2,601 | $0 |
| A HOLLY C GWYNNE-TIMOTHY POST OFFICE BOX 690, CHAPEL HILL, NC 27514 | TRUSTEE | 2.5 | $2,601 | $0 |
| TERRI LACY POST OFFICE BOX 690, CHAPEL HILL, NC 27514 | TRUSTEE | 2.5 | $2,601 | $0 |
| RACHEL M PFEIFER POST OFFICE BOX 690, CHAPEL HILL, NC 27514 | TRUSTEE | 2.5 | $2,601 | $0 |
| WALKER L POOLE POST OFFICE BOX 690, CHAPEL HILL, NC 27514 | TRUSTEE | 2.5 | $2,601 | $0 |
| TIMOTHY P SULLIVAN POST OFFICE BOX 690, CHAPEL HILL, NC 27514 | VICE CHAIRMAN/TRUSTEE | 2.5 | $2,601 | $0 |
| PHIL BERNEY POST OFFICE BOX 690, CHAPEL HILL, NC 27514 | TRUSTEE | 2.5 | $0 | $0 |
990-PF for the year ended June 30, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHRISTOPHER J BRADFORD POST OFFICE BOX 690, CHAPEL HILL, NC 27514 | PRESIDENT | 40 | $892,080 | $16,985 |
| STEVEN R MICHALAK POST OFFICE BOX 690, CHAPEL HILL, NC 27514 | TREASURER | 40 | $414,924 | $12,452 |
| MEGAN M MAZZOCCHI POST OFFICE BOX 690, CHAPEL HILL, NC 27514 | VICE PRESIDENT | 40 | $226,765 | $8,973 |
| DAVID B GREER POST OFFICE BOX 690, CHAPEL HILL, NC 27514 | DIRECTOR OF DEVELOPMENT | 40 | $192,280 | $16,830 |
| TIMOTHY CHENEY POST OFFICE BOX 690, CHAPEL HILL, NC 27514 | DIRECTOR OF RECRUITM Highest-paid employee | 40 | $178,313 | $16,736 |
| KINYA P HARTE STARNES POST OFFICE BOX 690, CHAPEL HILL, NC 27514 | DIRECTOR OF MARKETIN Highest-paid employee | 40 | $129,167 | $11,675 |
| JULIE G DEVOE POST OFFICE BOX 690, CHAPEL HILL, NC 27514 | DIRECTOR OF SCHOLAR Highest-paid employee | 40 | $115,250 | $12,090 |
| DAVID C WRIGHT III POST OFFICE BOX 690, CHAPEL HILL, NC 27514 | CHAIRMAN/TRUSTEE | 5 | $5,977 | $0 |
| WILLIE E ALSTON JR POST OFFICE BOX 690, CHAPEL HILL, NC 27514 | TRUSTEE | 2.5 | $2,988 | $0 |
| A HOLLY C GWYNNE-TIMOTHY POST OFFICE BOX 690, CHAPEL HILL, NC 27514 | TRUSTEE | 2.5 | $2,988 | $0 |
| TERRI LACY POST OFFICE BOX 690, CHAPEL HILL, NC 27514 | TRUSTEE | 2.5 | $2,988 | $0 |
| PETER A LARKIN JR POST OFFICE BOX 690, CHAPEL HILL, NC 27514 | TRUSTEE | 2.5 | $2,988 | $0 |
| RACHEL M PFEIFER POST OFFICE BOX 690, CHAPEL HILL, NC 27514 | TRUSTEE | 2.5 | $2,988 | $0 |
| TIMOTHY P SULLIVAN POST OFFICE BOX 690, CHAPEL HILL, NC 27514 | VICE CHAIRMAN/TRUSTEE | 2.5 | $2,988 | $0 |
| WALKER L POOLE POST OFFICE BOX 690, CHAPEL HILL, NC 27514 | TRUSTEE | 2.5 | $2,988 | $0 |
| PHIL BERNEY POST OFFICE BOX 690, CHAPEL HILL, NC 27514 | TRUSTEE | 2.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 690, CHAPEL HILL, NC 27514-0690
- Signed the 990-PF
- STEVE R MICHALAK, TREASURER
- Phone
- (919) 962-1201
- Website
- WWW.MOREHEADCAIN.ORG
- Return prepared by
- BATCHELOR TILLERY & ROBERTS LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990-PF on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-PF on file |
IRS record
- EIN
- 56-0599225
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1948
- Accounting year ends
- June
- Files
- Form 990-PF
- Category (NTEE)
- Education (B82Z)
- Assets (IRS master file)
- $224,987,957
- Income (IRS master file)
- $44,236,307
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | June 2025 | $16,660,210 | $17,455,844 | $224,987,957 | XML |
| 990-T | June 2025 | – | – | – | IRS |
| 990-PF | June 2024 | $15,335,263 | $16,689,105 | $225,484,385 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990-PF | June 2023 | $10,574,596 | $15,158,500 | $226,832,928 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990-PF | June 2022 | – | – | – | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990-PF | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-0599225).
Questions about MOREHEAD CAIN FOUNDATION
- What is the EIN of MOREHEAD CAIN FOUNDATION?
- The employer identification number (EIN) of MOREHEAD CAIN FOUNDATION is 56-0599225.
- Is MOREHEAD CAIN FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1948.
- Are donations to MOREHEAD CAIN FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MOREHEAD CAIN FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MOREHEAD CAIN FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MOREHEAD CAIN FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended June 2025.
- Who are the officers and directors of MOREHEAD CAIN FOUNDATION?
- The 990-PF for the year ended June 30, 2025 lists 16 people; 15 received compensation from the organization, the highest $561,677 (MEGAN M MAZZOCCHI, VICE PRESIDENT).
- How much revenue does MOREHEAD CAIN FOUNDATION have?
- On its 990-PF for the year ended June 30, 2025 it reported revenue of $16,660,210, expenses of $17,455,844 and total assets of $224,987,957 at year end.
Other nonprofits in CHAPEL HILL
- UNC HEALTH FOUNDATION INC EIN 56-6057494 · last filed 990 for 2025
- KENAN-FLAGLER BUSINESS SCHOOL FOUNDATION EIN 56-0771850 · last filed 990 for 2025
- PROJECT KITTY HAWK INC EIN 87-3871908 · last filed 990 for 2025
- UNIVERSITY OF NORTH CAROLINA CHAPEL HILL ARTS AND SCIENCES FOUNDATION EIN 56-1150509 · last filed 990 for 2025
- EDUCATION FOUNDATION SCHOLARSHIP ENDOWMENT TRUST EIN 56-6094839 · last filed 990 for 2025
- UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL FOUNDATION INC EIN 59-1711424 · last filed 990 for 2025
- GENERAL ALUMNI ASSOC EIN 56-6000469 · last filed 990 for 2025
- SCHOOL OF GOVERNMENT SERVICES EIN 85-0992406 · last filed 990 for 2025