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Union Day School Foundation INC

Tax-deductible

Matthews, NC501(c)(3)Since 2015Education EIN 82-4504704Revenue $29K in FY2025

On file with the IRSuniondayschool.com/uds-foundation3000 Tilley Morris Rd, 28105-8635 · Matthews, NCTax-exempt since Apr 2018Supporting org, Type II — 509(a)(3)

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The organization is operated to financially support and raise funds for Union Day School, INC., a NC charter School

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $99K a year · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Named funders
1
named funder · $348
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$13.5M
112% of total assets
Concern: liabilities are 112% of assets; over 80%.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$29K
-85% vs prior year
Spent
$0
Net assets
−$1.4M
By yearFY2020–FY2025
Revenue
$29K
FY2025▼ -85%
Tap a bar for its year
Revenue by fiscal year
FY2020−$302K
FY2021−$72K
FY2022−$92K
FY2023−$232K
FY2024$191K
FY2025$29K
Expenses
$0
FY2025▼ -100%
Tap a bar for its year
Expenses by fiscal year
FY2020$266
FY2021$8K
FY2022$285
FY2023$6K
FY2024$100K
FY2025$0
Net assets
−$1.4M
FY2025▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020−$1.1M
FY2021−$1.2M
FY2022−$1.3M
FY2023−$1.5M
FY2024−$1.4M
FY2025−$1.4M

From the FY2025 Form 990 (year ending June 2025) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2018.

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

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Boyce Thies
Chairman of the Board
$0Pt VII · Sec A
Joan Mazzu
Treasurer
$0Pt VII · Sec A
Jim Lovell
Director
$0Pt VII · Sec A
Joanna Wise
Director
$0Pt VII · Sec A
See Union Day School Foundation INC executive salaries →

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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

Provides financial support and raises funds for a North Carolina charter school.

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Provided by the organization

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1 program · $1.2M · in their own filed words · FY2024
01

The organization acquired land and buildings in march 2018 to support union day school,inc., a NC charter school, to lease to the school for its operations and its integral activities. The organization obtained financing for the purchase and renovation of the building used by the school beginning with the 2018-2019 school year.

$1.2Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2023
Amazonsmile FoundationFY2023$348
Total grants receivedfrom 1 funder$348

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$29K
Ln 12
Investment incomeLn 3$69K
Gifts and grantsLn 1h$5K
Money outPt IX
$0
Ln 25
Owns and owesPt X
−$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$220K
Total assetsLn 16$12.1M
LiabilitiesLn 26$13.5M
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5K
Investment incomeLn 3$69K
Total revenueLn 12$29K
Assets in detailPt X, end of year
CashLn 1$220K
Cash and savings togetherLn 1–2$220K
Land, buildings, equipmentLn 10c$10.5M
Other assetsLn 15$1.3M
Total assetsLn 16$12.1M
LiabilitiesLn 26$13.5M
Net assetsLn 32−$1.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$211K$220K
Land, buildings, equipmentLn 10c$10.9M$10.5M
Total assetsLn 16$12.3M$12.1M
LiabilitiesLn 26$13.7M$13.5M
Net assetsLn 32−$1.4M−$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Total functional expensesLn 25$0$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $29K$0$29K−$1.4M 990 PDF
FY2024 $191K$100K$91K−$1.4M 990 PDF
FY2023 −$232K$6K−$238K−$1.5M 990 PDF
FY2022 −$92K$285−$92K−$1.3M 990 PDF
FY2021 −$72K$8K−$79K−$1.2M 990 PDF
FY2020 −$302K$266−$302K−$1.1M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $29,449 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$5,000
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $250,941$68,507
I-11 Other revenuePrior year −$59,844−$44,058
I-12 Total revenuePrior year $191,097$29,449
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $100,256$0
I-18 Total expensesPrior year $100,256$0
I-19 Revenue less expensesPrior year $90,841$29,449
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $29,449 across 5 lines filed
VIII-1f All other contributions, gifts and grants$5,000
VIII-1h Total contributions, gifts and grants$5,000
VIII-3 Investment incomeExcluded from tax $68,507$68,507
VIII-6 Net rental income or lossRelated to mission −$44,058−$44,058
VIII-12 Total revenueRelated to mission −$44,058 · Unrelated business $0 · Excluded from tax $68,507$29,449
Part IX · Statement of functional expenses $0 across 0 lines filed
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$0
Part X · Balance sheet $12,061,467 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $210,773$220,053
X-10c Land, buildings and equipment, netStart of year $10,856,475$10,549,385
X-15 Other assetsStart of year $1,226,495$1,292,029
X-16 Total assetsStart of year $12,297,018$12,061,467
X-26 Total liabilitiesStart of year $13,735,000$13,470,000
X-32 Total net assets or fund balancesStart of year −$1,437,982−$1,408,533
X-33 Total liabilities and net assetsStart of year $12,297,018$12,061,467
Part XI · Reconciliation of net assets −$1,408,533 net assets at year end
XI-1 Total revenue$29,449
XI-2 Total expenses$0
XI-3 Revenue less expenses$29,449
XI-4 Net assets at start of year−$1,437,982
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$1,408,533

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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