2023-11-15T15:07:27-06:00 2023-06-30 440160260 FORVIS LLP 1829 EASTCHESTER DRIVE HIGH POINT NC 27265 990 2022-07-01 561185159 THE SEMANS ART FUND INC SEMA 3367703333 1533 SOUTH MAIN STREET WINSTONSALEM NC 27127 MATTHEW HARRIS PRESIDENT 3367703333 2023-11-15 1 MATTHEW HARRIS 999009999 1 BRIAN L DOUD P01748393 3368895156 2023-11-14 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z MATTHEW C HARRIS 1533 SOUTH MAIN STREET WINSTONSALEM NC 27127 66819 0 X WWW.UNCSA.EDU X 1977 NC TO AID AND SUPPORT STUDENTS AND PROGRAMS OF THE UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS 5 5 0 5 0 0 0 0 0 0 421433 66819 0 0 421433 66819 96719 114607 0 0 0 0 0 0 0 41759 46523 138478 161130 282955 -94311 5025233 5129613 47711 22982 4977522 5106631 TO AID AND SUPPORT STUDENTS AND PROGRAMS OF THE UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS. 0 0 114607 114607 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. 114607 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 3 0 1 0 0 0 0 0 0 0 0 0 0 0 X 5 5 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 1 0 0 0 NC X CINDY LIBERTY 3367703333 1903 SOUTH MAIN STREET WINSTONSALEM NC 27127 X MATTHEW C HARRIS PRESIDENT 1.00 X X 0 0 0 BETH C LUCAS VICE PRESIDENT 1.00 X X 0 0 0 DAVID R SNIDER SECRETARY 1.00 X X 0 0 0 DAVID WINSLOW TREASURER 1.00 X X 0 0 0 JOHN LANGS BOARD MEMBER 1.00 X 0 0 0 0 0 0 0 0 0 0 0 66819 66819 66819 0 0 66819 20000 20000 94607 94607 7050 7050 19030 19030 1281 1281 ADMINISTRATIVE COSTS 16082 16082 MEETING COSTS AND SUPPL 2121 2121 BANK FEES 959 959 161130 114607 46523 0 161480 418720 548066 4315687 4710893 5025233 5129613 47711 22982 47711 22982 X 2784803 2805095 2192719 2301536 4977522 5106631 5025233 5129613 X -94311 223424 -4 X 0 1 X 0 0 X X 1 UNC SCHOOL OF THE ARTS 566065273 6 1 10000 0 1 10000 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 X 1 1 PART IV, SECTION A, LINE 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. PART IV, SECTION A, LINE 6 THE ORGANIZATION MADE A $10,000 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. PART IV, SECTION D, LINE 2 THE CHANCELLOR OF THE UNCSA IS AN EX-OFFICIO NONVOTING MEMBER OF THE BOARD OF DIRECTORS. PART IV, SECTION E, LINE 2A 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 COURCES, AND TO DISTRIBUTE SUCH FUNDS TO THE UNCSA FOR USE IN SUPPORTING MUSIC PROGRAMS AND INOVATIVE 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. PART IV, SECTION E, LINE 2B 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 1.00000 0 0 0 X 271209 223424 223424 47785 19030 4 19034 66819 142100 0 142100 19030 19030 161130 PART V, LINE 4: 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. PART X, LINE 2: 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 2019; HOWEVER, NO EXAMINATIONS ARE IN PROCESS. PART XI, LINE 4B - OTHER ADJUSTMENTS: ADJUSTMENT PER AUDITED FINANCIAL STATEMENTS 1 UNC SCHOOL OF THE ARTS 1533 SOUTH MAIN STREET WINSTONSALEM NC 27127 566065273 GOVERNMENT UNIT 10000 0 SUPPORT STUDENT SPECIAL PROJECTS UNC SCHOOL OF THE ARTS FOUNDATION 1533 SOUTH MAIN STREET WINSTONSALEM NC 27127 566064850 501(C)(3) 10000 0 SUPPORT PROGRAM & STUDENTS AT UNCSA FUNDS TO UNCSA STUDENTS FOR STUDY 29 94607 PART I, LINE 2: SCHEDULE I, PART I, LINE 1: 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, SECTION A, LINE 2 MATTHEW HARRIS, PRESIDENT OF THE BOARD, AND BETH LUCAS, VICE PRESIDENT OF THE BOARD HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEE HAS THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS EMAILED TO THE PRESIDENT AND TREASURER OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE SEMANS ART FUND MAKES DOCUMENTS REQUIRED TO BE OPEN TO PUBLIC INSPECTION AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: ADJUSTMENT PER AUDITED FINANCIAL STATEMENTS -4. UNIVERSITY OF NC SCHOOL OF THE ARTS 1533 SOUTH MAIN STREET WINSTONSALEM NC 27127 566065273 PUBLIC UNIVERSITY NC 501(C)(3) LINE 2 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 UNIVERSITY OF NC SCHOOL OF THE ARTS B 10000 BOOK