THE FOUNDATION OF THE UNIVERSITY OF NORTH CAROLINA AT WILMINGTON

EIN: 566050338 501(c)(3) Education

WILMINGTON, NC

Total Revenue
$599,858
Total Expenses
$272,735
Total Assets
$10,923,812
Net Assets
$10,923,812
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1962
Legal Domicile
NC
Principal Officer
EDDIE STUART
Phone
9109622515
Tax Period
2023-07-01 to 2024-06-30

THE FOUNDATION OF THE UNIVERSITY OF NORTH CAROLINA AT WILMINGTON, founded in 1962, is a small nonprofit in the Education sector that reported $600K in total revenue in fiscal year 2023. Revenue surged 122% from the prior year, signaling strong growth momentum. The organization ran a surplus of $327K, a strong 55% operating margin.

Mission

THE PURPOSE OF THE UNCW FOUNDATION, A 501(C)(3) NONPROFIT ORGANIZATION, IS TO ASSIST THE UNIVERSITY IN SOLICITING AND RECEIVING PRIVATE GIFTS TO FURTHER EDUCATIONAL PROGRAMS AND SCHOLARSHIP OPPORTUNITIES FOR STUDENTS. THE UNIVERSITY IS THE FOUNDATION'S SOLE BENEFICIARY.

Program Service Accomplishments

Program 1
Expenses: $29,025

GIFTS IN-KIND TO BENEFIT UNCW: THE FOUNDATION, THROUGH ITS ABILITY TO ACCEPT GIFTS IN-KIND, WHICH WILL BENEFIT THE UNIVERSITY, MAINTAINED REAL ESTATE PROPERTIES, AS WELL AS LIFE INSURANCE POLICIES...

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GIFTS IN-KIND TO BENEFIT UNCW: THE FOUNDATION, THROUGH ITS ABILITY TO ACCEPT GIFTS IN-KIND, WHICH WILL BENEFIT THE UNIVERSITY, MAINTAINED REAL ESTATE PROPERTIES, AS WELL AS LIFE INSURANCE POLICIES AND CHARITABLE GIFT ANNUITIES AND TRUSTS, WHOSE PROCEEDS WILL ULTIMATELY BE GIFTED TO THE UNIVERSITY UPON THE DEATH OF THE DONORS.

Program 2
Expenses: $159,012

CASH SUPPORT OF UNCW PROGRAMS: THE FOUNDATION SUPPORTED UNIVERSITY ENDOWED SCHOLARSHIPS WITH CASH GIFTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $119,742
Program Service Revenue $0
Investment Income $480,116
Other Revenue $0
TOTAL REVENUE $599,858

Expense Breakdown

Grants Paid $159,012
Salaries & Benefits $0
Fundraising Expenses $42,822
Program Expenses $188,037
Other Expenses $113,723
TOTAL EXPENSES $272,735

Year-over-Year Comparison

2023 2022 Change
Revenue $599,858 $270,735 +1.2%
Expenses $272,735 $255,866 +0.1%
Net Income $327,123 $14,869 +21.0%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
22
Independent Members
19
Employees
N/A
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$834,383
Total Directors
22
$834,383
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELLIOT B MOSKOWITZ CHAIR 1.00
Officer Director
$0 $0 $0
LINDA B SAYED VICE CHAIR 1.00
Officer Director
$0 $0 $0
GEORGE P BARNES DIRECTOR 1.00
Director
$0 $0 $0
STEPHEN T BYRD DIRECTOR 1.00
Director
$0 $0 $0
MAX T COFFEY DIRECTOR 1.00
Director
$0 $0 $0
WILMA W DANIELS DIRECTOR 1.00
Director
$0 $0 $0
HOLLY G GRANGE DIRECTOR 1.00
Director
$0 $0 $0
MORGAN C JACKSON DIRECTOR 1.00
Director
$0 $0 $0
YVONNE W KIDD DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER B MERTUS DIRECTOR 1.00
Director
$0 $0 $0
MARTIN B MEYERSON DIRECTOR 1.00
Director
$0 $0 $0
JOSEPH S PERKINS DIRECTOR 1.00
Director
$0 $0 $0
ANGELA B SHOFF DIRECTOR 1.00
Director
$0 $0 $0
SANDRA L SPIERS DIRECTOR 1.00
Director
$0 $0 $0
HOWARD M STEIN DIRECTOR 1.00
Director
$0 $0 $0
JUDY R THARP DIRECTOR 1.00
Director
$0 $0 $0
MILES LACKEY TREASURER 1.00
Officer Director
$0 $49,647 $343,061
MELISSA KENNEDY SECRETARY 1.00
Officer Director
$0 $44,463 $185,347
EDDIE STUART EXECUTIVE DIRECTOR 1.00
Officer Director
$0 $44,171 $305,975
LEIGH W VENTERS DIRECTOR 1.00
Director
$0 $0 $0
DAVID M WALLACE DIRECTOR 1.00
Director
$0 $0 $0
JOSEPH S WELLS DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $599,858 $272,735 $10,923,812 $327,123
2023 $270,735 $255,866 $9,950,079 $14,869
2022 $591,342 $243,978 $9,854,577 $347,364
2021 $545,372 $1,520,501 $10,038,483 $-975,129
2020 $2,138,762 $270,183 $8,788,484 $1,868,579
2019 $-125,157 $420,340 $6,695,136 $-545,497
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