Uncg Excellence Foundation INC: FY2021 Nonprofit Profile & Form 990 (EIN 56-6086393)

Revenue by fiscal year
FY2021	$11.1M
FY2022	$12.3M
FY2023	$10.8M
FY2024	$5.0M
FY2025	$50.6M

Expenses by fiscal year
FY2021	$8.7M
FY2022	$8.7M
FY2023	$9.0M
FY2024	$8.6M
FY2025	$9.0M

Net assets by fiscal year
FY2021	$195.2M
FY2022	$182.3M
FY2023	$198.6M
FY2024	$219.4M
FY2025	$245.6M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1967.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

85 cents of each dollar spent went to programs.

85%

15%

Program services 85% · $7.4M Management & general 15% · $1.3M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

43 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII

Mrs Beth Fischer

President

$0Pt VII · Sec A

Ms Candace S Cummings

Vice President

$0Pt VII · Sec A

Ms Phaedra J Grove

Secretary

$0Pt VII · Sec A

Mr Charles Leffler

Outgoing Treasurer

$0Pt VII · Sec A

Mr Robert J Shea JR

Treasurer

$0Pt VII · Sec A

Mrs Karen M Armstrong

Director

$0Pt VII · Sec A

Mrs Debra Turner Bailey

Emeritus

$0Pt VII · Sec A

Mrs Gay Bowman

Director

$0Pt VII · Sec A

See Uncg Excellence Foundation INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Raises funds and manages resources to support university programs and build community interest.

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2 programs · $7.4M · in their own filed words · FY2020

01

Uncg scholarship, departmental and professorships

$7.3Mprogram expense

02

Weatherspoon arts foundation

$95Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2025

Piedmont Triad Charitable FoundationFY2025$3K

Total grants receivedfrom 1 funder$3K

Grants paid · 10 grants · $37.1M · 2020–2024

The University of North Carolina at GreensboroFY2024$7,605,791

University of North Carolina at Greensboro Weatherspoon Arts FoundNC · FY2024$86,272

The University of North Carolina at GreensboroFY2023$6,905,148

University of North Carolina at Greensboro Weatherspoon Arts FoundNC · FY2023$611,500

The University of North Carolina at GreensboroFY2022$7,253,639

University of North Carolina at Greensboro Weatherspoon Arts FoundNC · FY2022$151,015

The University of North Carolina at GreensboroFY2021$6,928,570

University of North Carolina at Greensboro Weatherspoon Arts FoundNC · FY2021$133,523

The University of North Carolina at GreensboroFY2020$7,295,387

University of North Carolina at Greensboro Weatherspoon Arts FoundNC · FY2020$94,862

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$11.1M

Ln 12

Gifts and grantsLn 1h$7.7M

Investment incomeLn 3$3.4M

Other incomeLn 4–11$41K

Money outPt IX

$8.7M

Ln 25

Programscol B$7.4M

Managementcol C$1.3M

Owns and owesPt X

$195.2M

net assets · Ln 32

Cash and savingsLn 1–2$3.4M

Total assetsLn 16$201.5M

LiabilitiesLn 26$6.3M

PeoplePt VI, VII

43

listed · VII A

PaidVII A0

Voting boardVI 1a42

IndependentVI 1b40

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$7.7M

Noncash giftsLn 1g$454K

Investment incomeLn 3$3.4M

Other incomeLn 4–11$41K

Gains on assetsLn 7$2.3M

Total revenueLn 12$11.1M

Assets in detailPt X, end of year

CashLn 1$268K

SavingsLn 2$3.1M

Cash and savings togetherLn 1–2$3.4M

Pledges and grants receivableLn 3$114K

Accounts receivableLn 4$100K

Land, buildings, equipmentLn 10c$740K

InvestmentsLn 11–13$197.2M

Total assetsLn 16$201.5M

LiabilitiesLn 26$6.3M

Net assetsLn 32$195.2M

OperationsPt I, VI

EmployeesI 50

VolunteersI 657

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3More from this return

Abroad and in kindSch F, M

Noncash gifts receivedSch M Pt I$454K

Investment feesPt IX, Sch D

Investment fees, as reportedPt IX 11f$922K

Share of the $181.6M endowmentSch D 1g0.51%

Typical, median of 2,202 orgs0.44%

EndowmentSch D · Pt V

Line	FY21	FY20	FY19	FY18	FY17
End of yearLn 1g	$181.6M	$138.4M	$135.5M	$117.7M	$109.8M
Given inLn 1b	$7.2M	$4.4M	$15.3M	$2.9M	$5.3M
SpentLn 1d–1f	$7.3M	$5.5M	$5.1M	$4.8M	$4.6M

4Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$3.6M	$3.4M
InvestmentsLn 11–13	$153.4M	$197.2M
Land, buildings, equipmentLn 10c	$740K	$740K
Total assetsLn 16	$157.9M	$201.5M
LiabilitiesLn 26	$6.4M	$6.3M
Net assetsLn 32	$151.5M	$195.2M

5Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$7.4M	$7.4M
Legal feesLn 11b	$3K		$3K
Accounting feesLn 11c	$17K		$17K
Investment management feesLn 11f	$922K		$922K
Other fees for servicesLn 11g	$261K		$261K
Advertising and promotionLn 12	$42K		$42K
Office expensesLn 13	$7K		$7K
InsuranceLn 23	$5K		$5K
Other expenses (24a–d)Ln 24	$25K		$25K
Total functional expensesLn 25	$8.7M	$7.4M	$1.3M	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 LatestFiled with the IRS Feb 6, 2026	$50.6M	$9.0M	$41.5M	$245.6M	990 PDF
FY2024Filed with the IRS Apr 3, 2025	$5.0M	$8.6M	−$3.6M	$219.4M	990 PDF
FY2023Filed with the IRS Feb 23, 2024	$10.8M	$9.0M	$1.8M	$198.6M	990 PDF
FY2022Filed with the IRS Nov 15, 2022	$12.3M	$8.7M	$3.6M	$182.3M	990 PDF
FY2021 ViewingFiled with the IRS Nov 8, 2021	$11.1M	$8.7M	$2.4M	$195.2M	990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations

See the full FY2021 990 (6 parts)

Part I · Summary $11,104,089 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $5,074,774$7,701,978

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $3,348,786$3,361,092

I-11 Other revenuePrior year $188,050$41,019

I-12 Total revenuePrior year $8,611,610$11,104,089

I-13 Grants and similar amounts paidPrior year $6,023,693$7,390,249

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $89,028$0

I-17 Other expensesPrior year $1,004,762$1,282,007

I-18 Total expensesPrior year $7,117,483$8,672,256

I-19 Revenue less expensesPrior year $1,494,127$2,431,833

Part VI · Governance 40 of 42 board members independent, 1 to look at

VI-1a Voting members of the governing body42

VI-1b Independent voting members40

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $11,104,089 across 7 lines filed

VIII-1f All other contributions, gifts and grants$7,701,978

VIII-1g Noncash contributions (included above)$454,251

VIII-1h Total contributions, gifts and grants$7,701,978

VIII-3 Investment incomeExcluded from tax $1,043,470$1,043,470

VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,317,622$2,317,622

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $41,019$41,019

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $3,402,111$11,104,089

Part IX · Statement of functional expenses $8,672,256 across 9 lines filed

IX-1 Grants to domestic organizationsPrograms $7,390,249$7,390,249

IX-11b Legal feesManagement $2,558$2,558

IX-11c Accounting feesManagement $16,955$16,955

IX-11f Investment management feesManagement $922,184$922,184

IX-11g Other fees for servicesManagement $261,180$261,180

IX-12 Advertising and promotionManagement $41,594$41,594

IX-13 Office expensesManagement $6,930$6,930

IX-23 InsuranceManagement $5,476$5,476

IX-24 Other expenses (24a–d)Management $25,130$25,130

IX-25 Total functional expensesPrograms $7,390,249 · Management $1,282,007 · Fundraising $0$8,672,256

Part X · Balance sheet $201,510,007 assets, 16 lines filed

X-1 Cash, non-interest-bearingStart of year $579,149$267,877

X-2 Savings and temporary cash investmentsStart of year $3,058,838$3,105,502

X-3 Pledges and grants receivableStart of year $109,410$114,328

X-4 Accounts receivableStart of year $19,162$100,072

X-10c Land, buildings and equipment, netStart of year $739,500$739,500

X-11 Publicly traded securitiesStart of year $11,870,628$13,602,013

X-12 Other securitiesStart of year $141,517,669$183,580,715

X-16 Total assetsStart of year $157,894,356$201,510,007

X-19 Deferred revenueStart of year $190,645$86,841

X-25 Other liabilitiesStart of year $6,180,978$6,255,668

X-26 Total liabilitiesStart of year $6,371,623$6,342,509

X-29 Capital stock or trust principalStart of year $10,667,607$13,098,059

X-30 Paid-in or capital surplusStart of year $0$0

X-31 Retained earnings or endowmentStart of year $140,855,126$182,069,439

X-32 Total net assets or fund balancesStart of year $151,522,733$195,167,498

X-33 Total liabilities and net assetsStart of year $157,894,356$201,510,007

Part XI · Reconciliation of net assets $195,167,498 net assets at year end

XI-1 Total revenue$11,104,089

XI-2 Total expenses$8,672,256

XI-3 Revenue less expenses$2,431,833

XI-4 Net assets at start of year$151,522,733

XI-5 Net unrealized gains (losses) on investments$41,218,542

XI-9 Other changes in net assets−$5,610

XI-10 Net assets at end of year$195,167,498

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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Uncg Excellence Foundation INC FY2021 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Uncg Excellence Foundation INC

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV