Nonprofit · EIN 56-2180508
UNIVERSITY OF NORTH CAROLINA FOUNDATION INC
Tax-exempt · RALEIGH, NC 27603
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $7,905,021 | $6,703,893 | $1,201,128 | $47,443,167 | $28,892,432 | $18,550,735 |
| June 30, 2024 | 990 | $17,063,487 | $5,234,037 | $11,829,450 | $48,500,707 | $32,554,579 | $15,946,128 |
| June 30, 2023 | 990 | $5,823,316 | $4,457,286 | $1,366,030 | $40,361,879 | $34,435,174 | $5,926,705 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,871,004
- Program service revenue
- $1,587,337
- Investment income
- $573,943
- Net rental income
- $3,119,890
- Other revenue
- $3,872,737
Expenses
- Grants and similar amounts paid
- $1,646,678
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $2,130
- Accounting fees
- $6,728
- Occupancy
- $61,295
- Depreciation
- $1,414,890
- Program services (functional)
- $6,594,092
- Management and general (functional)
- $109,801
Balance sheet and other
- Total assets, start of year
- $48,500,707
- Total assets, end of year
- $47,443,167
- Total liabilities, end of year
- $28,892,432
- Net assets, end of year
- $18,550,735
- Land, buildings and equipment
- $24,397
- Publicly traded securities
- $19,558,633
- Net assets without donor restrictions
- $10,091,296
- Net assets with donor restrictions
- $8,459,439
- Gross receipts
- $7,905,021
- Employees
- 0
- Volunteers
- 3
- Year formed
- 1999
- State of legal domicile
- NC
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 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| PETER HANS | DIRECTOR Trustee or director | 1 | $0 | $447,819 | $8,395 |
| ANDREW T TRIPP | DIRECTOR Trustee or director | 1 | $0 | $402,871 | $15,271 |
| JENNIFER HAYGOOD | DIRECTOR Trustee or director | 1 | $0 | $346,245 | $8,695 |
| MICHAEL VOLLMER | DIRECTOR Trustee or director | 1 | $0 | $345,784 | $8,767 |
| DAVID ENGLISH | DIRECTOR Trustee or director | 1 | $0 | $316,313 | $16,953 |
| SHUN ROBERTSON | DIRECTOR Trustee or director | 1 | $0 | $254,635 | $8,695 |
| ANDREA POOLE | DIRECTOR Trustee or director | 1 | $0 | $245,046 | $8,926 |
| J ALEX MITCHELL | EX OFFICIO DIRECTOR Trustee or director | 0 | $0 | $0 | $0 |
| WENDY F MURPHY | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| KIRK J BRADLEY | EX OFFICIO DIRECTOR Trustee or director | 0 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 10 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ANDREW P KELLY | DIRECTOR Trustee or director | 1 | $0 | $433,478 | $8,152 |
| PETER HANS | DIRECTOR Trustee or director | 1 | $0 | $432,946 | $7,409 |
| DAVID ENGLISH | DIRECTOR Trustee or director | 1 | $0 | $305,443 | $15,968 |
| JENNIFER HAYGOOD | DIRECTOR Trustee or director | 1 | $0 | $310,256 | $7,709 |
| NORMA HOUSTON | DIRECTOR Trustee or director | 1 | $0 | $307,182 | $8,214 |
| MICHAEL VOLLMER | DIRECTOR Trustee or director | 1 | $0 | $306,677 | $7,782 |
| ANDREW T TRIPP | DIRECTOR Trustee or director | 1 | $0 | $299,930 | $14,285 |
| KELLIE HUNT BLUE | EX OFFICIO DIRECTOR Trustee or director | 0 | $0 | $0 | $0 |
| RANDALL C RAMSEY | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JIMMY CLARK | EX OFFICIO DIRECTOR Trustee or director | 0 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 10 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| PETER HANS | DIRECTOR Trustee or director | 1 | $0 | $422,231 | $8,011 |
| ANDREW T TRIPP | DIRECTOR Trustee or director | 1 | $0 | $305,521 | $14,877 |
| MICHAEL VOLLMER | DIRECTOR Trustee or director | 1 | $0 | $308,524 | $8,388 |
| NORMA HOUSTON | DIRECTOR Trustee or director | 1 | $0 | $302,353 | $10,617 |
| JENNIFER HAYGOOD | DIRECTOR Trustee or director | 1 | $0 | $300,775 | $8,311 |
| ANDREW P KELLY | DIRECTOR Trustee or director | 1 | $0 | $299,063 | $8,155 |
| DAVID ENGLISH | DIRECTOR Trustee or director | 1 | $0 | $269,929 | $16,570 |
| KELLIE HUNT BLUE | EX OFFICIO D Trustee or director | – | $0 | $0 | $0 |
| RANDALL C RAMSEY | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| LEE ROBERTS | EX OFFICIO D Trustee or director | – | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 223 S WEST ST STE 1700, RALEIGH, NC 27603-4098
- In care of
- % KENNETH D CRAIG
- Principal officer (990 for 2024)
- MICHAEL VOLLMER, 223 S WEST STREET SUITE 1700, RALEIGH, NC 27603
- Signed the 990
- JENNIFER HAYGOOD, DIRECTOR
- Phone
- (919) 827-8506
- Return prepared by
- SHARPE PATEL CPA
Mission
A. TO AID, SUPPORT, AND PROMOTE TEACHING, RESEARCH, AND SERVICE IN THE VARIOUS EDUCATIONAL, SCIENTIFIC, SCHOLARLY, PROFESSIONAL, ARTISTIC, AND CREATIVE ENDEAVORS OF THE UNIVERSITY OF NORTH CAROLINA THROUGH MEANS SUCH AS THE ENHANCEMENT OF THE QUALITY OF SUPPORTING STAFF, SERVICES, AND FACILITIES OF THE UNIVERSITY; THE SUPPORT OF RESEARCH, SCHOLARLY, ARTISTIC, AND CREATIVE WORK OF THE UNIVERSITY; AND THE SUPPORT OF PUBLIC SERVICE ACTIVITIES OF THE UNIVERSITY.B. TO SOLICIT, ACQUIRE, RECEIVE, HOLD, INVEST, REINVEST, SELL, TRANSFER, EXCHANGE, ADMINISTER, AND MANAGE PROPERTY OF ALL KINDS FOR THE BENEFIT OF THE UNIVERSITY OF NORTH CAROLINA.C. TO DO ANY AND ALL ACTS AND THINGS THAT MAY BE DEEMED DESIRABLE OR EXPEDIENT FOR THE BENEFIT OF THE UNIVERSITY OF NORTH CAROLINA, ITS PROGRAMS, AND ITS FACULTY, STAFF, AND STUDENTS.
Program accomplishments
- RAISE AND INVEST MONIES FOR THE BENEFIT OF THE UNIVERSITY SYSTEM AND CONDUCT OR CONTRACT FOR RESEARCH ON WAYS FOR THE UNIVERSITY SYSTEM TO BETTER SERVE THE STATE'S CITIZENS.Expenses $6,594,092 · grants $1,646,678 · revenue $2,340,184
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 56-2180508
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Organization supporting a government college or university
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2000
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B99)
- Assets (IRS master file)
- $47,443,167
- Income (IRS master file)
- $7,905,021
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $7,905,021 | $6,703,893 | $47,443,167 | IRS |
| 990 | June 2024 | $17,063,487 | $5,234,037 | $48,500,707 | XML |
| 990 | June 2023 | $5,823,316 | $4,457,286 | $40,361,879 | XML |
| 990 | June 2022 | $736,089 | $1,496,789 | $7,712,999 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | 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 56-2180508).
Questions about UNIVERSITY OF NORTH CAROLINA FOUNDATION INC
- What is the EIN of UNIVERSITY OF NORTH CAROLINA FOUNDATION INC?
- The employer identification number (EIN) of UNIVERSITY OF NORTH CAROLINA FOUNDATION INC is 56-2180508.
- Is UNIVERSITY OF NORTH CAROLINA FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to UNIVERSITY OF NORTH CAROLINA FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does UNIVERSITY OF NORTH CAROLINA FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of UNIVERSITY OF NORTH CAROLINA FOUNDATION INC 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 UNIVERSITY OF NORTH CAROLINA FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of UNIVERSITY OF NORTH CAROLINA FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names MICHAEL VOLLMER.
- Who are the officers and directors of UNIVERSITY OF NORTH CAROLINA FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does UNIVERSITY OF NORTH CAROLINA FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $7,905,021, expenses of $6,703,893 and total assets of $47,443,167 at year end.
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