2025-11-17T14:27:57+00:00 2025-06-30 440160260 Forvis Mazars LLP 4161 Piedmont Parkway Suite 310 Greensboro NC 27410 990 2024-07-01 566064850 University of North Carolina School of the Arts Foundation Inc UNIV 3367703333 1533 South Main Street WinstonSalem NC 27127 Cynthia Liberty Executive Director 3367703333 2025-11-17 true true Brian Doud P01748393 3368895156 2025-11-17 2024 2025-03-06 01:10:19Z Cynthia Liberty 1533 South Main Street WinstonSalem NC 27127 10536394 false X www.uncsa.edu/giving/foundation X 1964 NC To foster and promote the growth, progress and general welfare of the UNCSA. 24 24 1 24 0 8877350 9608511 0 0 643358 654036 215685 273847 9736393 10536394 3544615 4043112 0 1402758 1496455 0 317983 2465972 2722779 7413345 8262346 2323048 2274048 112184567 129684621 182878 4621643 112001689 125062978 UNCSA FOUNDATION'S PRIMARY PURPOSE IS TO FINANCIALLY SUPPORT THE ADVANCEMENT AND ACHIEVEMENT OF THE STUDENTS, FACULTY, AND STAFF OF THE UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS. THE UNCSA FOUNDATION STRIVES TO SUPPORT THE STRATEGIC INITIATIVES OF THE UNCSA. false false 6678049 4043112 927883 THE UNCSA FOUNDATION, INC. COORDINATES THE FUNDING OF THE UNCSA'S PROGRAMS, SCHOLARSHIPS, AND GUEST ARTISTS. THE UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS ("UNCSA") IS DEDICATED ENTIRELY TO THE PROFESSIONAL TRAINING OF THE STUDENTS POSSESSING EXCEPTIONAL TALENTS IN PERFORMING, VISUAL, AND MOVING IMAGE ARTS. UNCSA IS COMMITTED TO THE IDEA THAT ART COMBINES CRAFT, IMAGINATION, PASSION AND INTELLECT. SCHOLARSHIPS CAN BE AWARDED BASED ON TALENT, DEMONSTRATED NEED, OR A COMBINATION OF BOTH. UNCSA PROVIDES STUDENTS WITH THE INVALUABLE EXPERIENCE OF WORKING WITH MANY INTERNATIONALLY RENOWNED ARTISTS WHO TEACH MASTER CLASSES, WORK ONE-ON-ONE WITH STUDENTS IN COACHING SESSIONS, AND TEACH CLASSES. UNCSA STRIVES TO IMPROVE THE CULTURE OF NORTH CAROLINA THROUGH COMMUNITY ENGAGEMENT TO FURTHER THE ADVANCEMENT OF THE ARTS. 6678049 true true false false false false false false false true true true false false true true true false false false false false false false false false false true true true false false false false false false false false false false false false false false true false false false false false true 123 0 true 1 true false false false false false true true false false false false false false X 24 24 false false false false false false false true true false false false true true true true true true true true false false MD MN NH NJ OH SC UT X Cindy Liberty 3367703333 1903 South Main Street WinstonSalem NC 27127 Erin Jones Adams Secretary 1.0 X X 0 0 0 Howard Upchurch Assistant Treasurer 1.0 X X 0 0 0 McDara Folan President 1.0 X X 0 0 0 Melinda B Mueller Treasurer 1.0 X X 0 0 0 William R Watson Vice President 1.0 X X 0 0 0 Anne Sessions Board Member 1.0 X 0 0 0 Caroline Munroe Board Member 1.0 X 0 0 0 Christopher J Chapman Board Member 1.0 X 0 0 0 Craig D Cannon Board Member 1.0 X 0 0 0 Doug Henderson Board Member 1.0 X 0 0 0 James Ruffin Board Member 1.0 X 0 0 0 Jonathan Cochrane Board Member 1.0 X 0 0 0 Joseph P Logan Board Member 1.0 X 0 0 0 L Duane Davis Board Member 1.0 X 0 0 0 Laura B Dugan Board Member 1.0 X 0 0 0 Laura Ramsay Board Member 1.0 X 0 0 0 Meade Willis Board Member 1.0 X 0 0 0 Michael L Rogers Board Member 1.0 X 0 0 0 Ralph H Womble Board Member 1.0 X 0 0 0 Sandlin Douglas Board Member 1.0 X 0 0 0 Scott Cawood Board Member 1.0 X 0 0 0 Shelley Holden Board Member 1.0 X 0 0 0 Stacy Petronzio Board Member 1.0 X 0 0 0 Stephen Berlin Board Member 1.0 X 0 0 0 Cynthia B Liberty Executive Director 45.0 X 184000 0 27000 184000 0 27000 1 false true false C B FISK INC 21 KONDELIN ROAD GLOUCESTER MA 01930 ORGAN REPAIRS 150000 1 9608511 9608511 0 0 0 0 0 654036 654036 109685 109685 0 109685 109685 0 0 Miscellaneous Income 900099 147431 147431 Administrative Fee 900099 16731 16731 0 0 0 0 164162 10536394 927883 0 0 3921921 3921921 121191 121191 211000 21100 126600 63300 1276077 631247 644830 9378 9378 42800 42800 267027 267027 53769 53769 0 0 54397 45809 8588 266545 79046 100851 86648 58843 29352 29491 414410 285174 7851 121385 112195 57015 17118 38062 46800 46800 61983 61983 45182 27876 17306 Gifts and Entertainment 369202 367908 1294 Design Fees and Contracted Services 287232 287232 Educational Materials 198313 198313 Guest Artists 166604 166604 277477 266331 11146 0 8262346 6678049 1266314 317983 17124622 17789715 5331265 6230787 20700 39994 0 0 0 0 19678 45160 5976006 61983 378337 5914023 88908481 99168390 17460 19390 384024 477162 112184567 129684621 147368 269055 0 0 0 4320000 35510 32588 182878 4621643 1326040 701875 110675649 124361103 112001689 125062978 112184567 129684621 X 2274048 10784470 2771 X false true true false X 4179914 2921703 6657876 8877350 9608511 32245354 0 0 4179914 2921703 6657876 8877350 9608511 32245354 9082414 23162940 22236 40711 394208 643358 763721 1864234 0 127429 207105 202583 215685 164162 916964 35026552 0 0.66130 0.65997 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - , COLUMN A - 127429.0, COLUMN B - 207105.0, COLUMN C - 202583.0, COLUMN D - 215685.0, COLUMN E - 164162.0, COLUMN F - 916964.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 93881879 2922314 10784470 3016441 267027 104305195 83929731 2485709 10351606 2636944 248223 93881879 86407426 559526 -133036 2667873 236312 83929731 85040324 441647 3796960 2532007 339498 86407426 61863590 895041 24635492 2052154 301645 85040324 0.0 1.0 0.0 true false 530788 530788 5445218 61983 5383235 5914023 Closely-held equity interests Financial derivatives UNC Management Fund - Other 43270529 C UNC Management Fund - Historic cost 55897861 C 99168390 Federal Income Taxes Due to UNCSA 32588 32588 X 21063291 10784470 6683 2771 10793924 10269367 267027 0 267027 10536394 8002002 6683 0 6683 7995319 267027 0 267027 8262346 Schedule D, Part V, Line 4 Intended uses of endowment funds THE ORGANIZATION'S INTENDED USE OF ENDOWMENT FUNDS IS FOR SCHOLARSHIPS AND SCHOOL-RELATED PROGRAMS FOR THE UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE FOUNDATION 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 CONSOLIDATED FINANCIAL STATEMENTS. IT IS THE FOUNDATION'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 CONSOLIDATED 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 2021; HOWEVER, NO EXAMINATIONS ARE IN PROCESS. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Change in Perpetual Trust - 2771 false UNC SCHOOL OF THE ARTS 1533 S MAIN STREET WINSTON SALEM NC 27127 566065273 GOVERNMENT ORG 3921921 PAYMENTS FOR SCHOLARSHIPS, FACULTY SABBATICALS AND GRANTS 1 0 Semans Art Fund Group Awards 38 44293 THE STUDENT GROUPS PROVIDED US A LIST OF THE GROUP MEMBERS. SOME OF THE GRANTS WE PAID TO EACH RECIPIENT AND SOME WE PAID TO ONE MEMBER. Student Stipend 5 13700 Student Career Development Grant 43 32089 Faculty Development Grant 16 21894 Departmental Student Awards 19 9215 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds THE FOUNDATION RECEIVES REPORTS FROM THE FINANCIAL AID DEPARTMENT AT UNCSA REGARDING SCHOLARSHIP AWARDS. X false false false false false false false false false Cynthia B Liberty Executive Director 184000 0 0 0 0 0 15000 0 12000 0 211000 0 0 0 Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation ON AN ANNUAL BASIS THE EXECUTIVE DIRECTOR HAS A WRITTEN REVIEW FROM THE TREASURER AND PRESIDENT OF THE UNCSA FOUNDATION. DURING THE REVIEW PROCESS, NOT ONLY THE ACCOMPLISHMENTS FROM THE PREVIOUS YEARS REVIEWED AND DISCUSSED, BUT GOALS FOR THE UPCOMING YEAR ARE ALSO REVIEWED AND AGREED UPON. SINCE THE POSITION IS UNIQUE IN THE NATURE EVEN COMPARED TO OTEHR UNIVERSITIES IN THE SYSTEM, THE SALARY IS REVIEWED IN CONTEXT WITH OTHER MEMBERS OF THE CHANCELLOR'S CABINET AND UNIVERSITY DEANS. BY COMPARING THIS POSITION'S SALARY AND BENEFIT PACKAGE WITH THE COUNTERPARTS THAT THE POSITION WORKS WITH TO HELP MAINTAIN AND MANAGE THE OPERATIONS OF THE ENTITIES THAT ARE SUPPORTED BY THESE EFFORTS, IT GIVES THE FOUNDATION BOARD REASONABLE ASSURANCE OF KEEPING THE SALARY COMPETITIVE. Form 990, Part VI, Line 11b Review of form 990 by governing body THE EXECUTIVE DIRECTOR AND TREASURER REVIEW THE FORM 990 IN DETAIL. IT IS THEN ELECTRONICALLY DISTRIBUTED TO ALL BOARD MEMBERS FOR REVIEW PRIOR TO FILING. Form 990, Part VI, Line 12c Conflict of interest policy THE BOARD MEMBERS COMPLETE A CONFLICT OF INTEREST SURVEY ANNUALLY. IF THEY HAVE CONFLICTS, MEMBERS DO NOT VOTE ON RELATED ITEMS. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE EXECUTIVE DIRECTOR'S SALARY IS REVIEWED AND VOTED ON ANNUALLY BY THE EXECUTIVE COMMITTEE. SEE SCHEDULE J FOR ADDITIONAL DETAIL. Form 990, Part VI, Line 15b Process to establish compensation of other employees THE EXECUTIVE DIRECTOR'S SALARY IS REVIEWED AND VOTED ON ANNUALLY BY THE EXECUTIVE COMMITTEE. SEE SCHEDULE J FOR ADDITIONAL DETAIL. Form 990, Part VI, Line 19 Required documents available to the public THE UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS FOUNDATION MAKES GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND THE CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST. Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN PERPETUAL TRUST - 2771; Total - 2771; UNCSA Foundation Management LLC 1533 South Main Street Winston Salem NC 27127 814166820 Accepts real estate donations and facilitates real estate purchases NC 109685 0 UNC School of the Arts Foundation