2024-05-15T10:37:51-05:00 2023-06-30 561750124 BATCHELOR TILLERY & ROBERTS LLP 3605 GLENWOOD AVENUE SUITE 350 RALEIGH NC 27612 990 2022-07-01 566001394 THE UNIVERSITY OF NORTH CAROLINA PRESS INC UNIV 9199663561 116 S BOUNDARY STREET CHAPEL HILL NC 27514 MICHAEL GRAVES CHIEF FINANCIAL OFFICER 9199663561 2024-05-15 1 MICHAEL GRAVES 999009999 0 JARED L PILAND P01326291 9197878212 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MICHAEL GRAVES 116 S BOUNDARY STREET CHAPEL HILL NC 27514 11385535 0 X WWW.UNCPRESS.ORG X 1922 NC TO PROMOTE THE ADVANCEMENT OF ARTS AND SCIENCES AND DEVELOPMENT OF LITERATURE THROUGH THE PUBLISHING OF DESERVING WORKS. 18 18 66 32 0 0 1563976 3386817 605698 511348 -38765 1382 0 3447224 2130909 7346771 241178 134160 0 0 3674777 4073223 0 0 7351 1897090 1922700 5813045 6130083 -3682136 1216688 44303805 45052499 2273326 1929066 42030479 43123433 TO PROMOTE THE ADVANCEMENT OF THE ARTS AND SCIENCES AND THE DEVELOPMENT OF LITERATURE THROUGH THE PUBLISHING OF BOOKS, JOURNALS, AND OTHER FORMS OF PUBLICATIONS IN ALL MEDIA. 0 0 4348015 134160 3955814 PUBLISHING OF SCHOLARLY BOOKS TO PROMOTE THE ADVANCEMENT OF ARTS AND SCIENCES. 4348015 1 1 0 0 0 0 0 0 0 1 1 0 1 0 1 1 1 1 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 1933 0 1 66 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 1 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X MICHAEL GRAVES 9199663561 116 S BOUNDARY STREET CHAPEL HILL NC 27514 LISA LEVENSTEIN CHAIR 2.00 X X 0 0 0 TIMOTHY J SMITH VICE CHAIR 2.00 X X 0 0 0 MATTHEW MORSE BOOKER MEMBER 2.00 X 0 0 0 ANITA BROWN-GRAHAM MEMBER 2.00 X 0 0 0 CLAUDE A CLEGG III MEMBER 2.00 X 0 0 0 ELIZABETH ENGELHARDT MEMBER 2.00 X 0 0 0 DAVID ENGLISH MEMBER 2.00 X 0 0 0 MARIA R ESTORINO EX-OFFICO 2.00 X 0 0 0 LINDA KAY HANLEY-BOWDOIN MEMBER 2.00 X 0 0 0 OSAMUDIA JAMES MEMBER 2.00 X 0 0 0 BLAIR L M KELLY MEMBER 2.00 X 0 0 0 NATHAN KNUFFMAN EX-OFFICO 2.00 X 0 0 0 ANGELA K MILES MEMBER 2.00 X 0 0 0 JOHN O'HARA MEMBER 2.00 X 0 0 0 KIMBERLY SMITH MEMBER 2.00 X 0 0 0 VINCAS STEPONAITIS MEMBER 2.00 X 0 0 0 RANDALL STYERS MEMBER 2.00 X 0 0 0 CARLTON E WILSON MEMBER 2.00 X 0 0 0 JAMI CLAY PAST CHIEF FINANCIAL OFFICER 39.00 1.00 X X 107366 0 31183 MICHAEL GRAVES CHIEF FINANCIAL OFFICER 39.00 1.00 X X 38851 0 5359 JOHN SHERER DIRECTOR 2.00 X 227899 0 60332 JOHN MCLEOD CHIEF OPERATING OFFICER 40.00 X 116060 0 33788 DINO BATTISTA DIRECTOR OF MARKETING 40.00 X 132468 0 37345 DEBBIE GERSHENOWITZ ASST EDITORIAL DIRECTOR 40.00 X 116414 0 28521 MARK VOS-SIMPSON EDITORIAL DIRECTOR 40.00 X 119566 0 35110 JOANNA R MARSLAND DIRECTOR OF DEVELOPMENT 40.00 X 102810 0 32385 961434 0 264023 7 0 1 0 LONGLEAF SERVICES INC 116 SOUTH BOUNDARY STREET CHAPEL HILL NC 27514 FULFILLMENT SERVICES 1593750 UNC-CH SCHOOL OF GOVERNMENT CB 3330 KNAPP-SANDERS BLDG CHAPEL HILL NC 27599 CONTRACTED SALES 1148353 VERSA PRESS INC 1465 SPRING BAY ROAD EAST PEORIA IL 616119788 PRINTING SERVICES 259120 THE NY REVIEW OF BOOKS 435 HUDSON ST 3RD FL NEW YORK NY 100143994 ADVERTISING SERVICES 102000 4 1500 86000 432500 2866817 9105 3386817 FEES FROM SERVICES 513130 354843 354843 COMMISSIONS 513130 91199 91199 SUBSIDIARY RIGHTS 513130 65306 65306 511348 35688 35688 1617709 1652015 -34306 -34306 -34306 8280 1500 5522 2758 2758 5645818 2381227 3264591 3264591 OTHER INCOME 900099 179875 179875 179875 7346771 3955814 0 4140 134160 134160 690090 690090 2432536 2096202 336334 506007 446004 60003 233726 201465 32261 210864 154044 56820 51059 51059 132338 132338 16124 16124 398758 398758 140058 93055 47003 47751 47751 34516 34516 75418 75418 80784 80784 38129 38129 37356 37356 FULFILLMENT SERVICES FE 451847 451847 MISCELLANEOUS 152878 3532 149346 FREELANCE DESIGN/COPY E 116624 116624 COMPLIMENTARY/REVIEW CO 36672 33145 3527 112388 62977 42060 7351 6130083 4348015 1774717 7351 3179644 2897241 410509 411382 810978 853460 531440 672685 1359401 1224246 173284 135155 767174 796103 36506478 37380573 1924298 1905900 44303805 45052499 1197369 493531 426971 340485 648986 1095050 2273326 1929066 X 7522684 7671027 34507795 35452406 42030479 43123433 44303805 45052499 X 1216688 -1312 -122422 X 0 1 X 1 0 X 2554872 1958992 1718448 1563976 3386817 11183105 2554872 1958992 1718448 1563976 3386817 11183105 4216356 6966749 9493 16967 5115 37916 35688 105179 2335 5517 1626 138915 179875 328268 11616552 35147897 0.59970 0.78690 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME/EXPENSE - 2018 AMOUNT: $ 2,335. 2019 AMOUNT: $ 5,517. 2020 AMOUNT: $ 1,626. 2021 AMOUNT: $ 138,915. 2022 AMOUNT: $ -18,984. BAD DEBT RECOVERY - 2022 AMOUNT: $ 198,859. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 34507795 2639880 -150823 1544446 35452406 33590559 688183 1367053 1138000 34507795 23350875 726206 9813478 300000 33590559 23127552 608823 514500 900000 23350875 20567030 1820123 1590399 850000 23127552 0.37530 0.62470 1 0 743720 641124 102596 615681 583122 32559 135155 UNC INVESTMENT FUND 37380573 F 37380573 SUBSIDIES ON UNCOMPLETED BOOKS 82212 DUE TO UNIVERSITY PERIODICALS 56839 ROYALTIES & COMMISSIONS PAYABLE 697500 ACCRUED VACATION 258499 1095050 X 6962061 -1312 -116900 -118212 7080273 132338 134160 266498 7346771 5869107 5522 5522 5863585 132338 134160 266498 6130083 PART V, LINE 4: THE BOARD'S CURRENT GENERAL SPENDING POLICY IS TO DISTRIBUTE AN AMOUNT EQUAL TO 5% OF THE AVERAGE MARKET VALUE FOR THE 12 QUARTERS ENDING MARCH 31 JUST PRIOR TO THE BEGINNING OF THE FISCAL YEAR. THIS SPENDING POLICY IS CONSISTENT WITH THE AVERAGE LONG-TERM RETURN EXPECTATION, PROVIDING ONGOING SUPPORT OF DONORS' CHARITABLE INTERESTS AND ADDITIONAL GROWTH TO THE ENDOWMENT FUNDS. APPROPRIATIONS FROM ENDOWMENT FUNDS ARE APPROVED BY THE PRESS' BOARD OF GOVERNORS. PART X, LINE 2: THE PRESS IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION. THE PRESS IS ALSO GENERALLY EXEMPT FROM STATE INCOME TAXES UNDER THE PROVISIONS OF THE NORTH CAROLINA NONPROFIT CORPORATION ACT. THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. MANAGEMENT EVALUATED THE PRESS' TAX POSITIONS AND CONCLUDED THE PRESS HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THE INCOME TAXES TOPIC OF THE FASB ASC. PART XI, LINE 2D - OTHER ADJUSTMENTS: EQUITY IN INCOME - LONGLEAF SERVICES, INC. -122,422. DIRECT FUNDRAISING EXPENSES 5,522. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANT TO LONGLEAF SERVICES, INC. 134,160. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 5,522. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANT TO LONGLEAF SERVICES, INC. 134,160. CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES CONSIGNMENT SALES EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES CONSIGNMENT SALES EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES CONSIGNMENT SALES MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES CONSIGNMENT SALES NORTH AMERICA 0 0 PROGRAM SERVICES CONSIGNMENT SALES SOUTH AMERICA 0 0 PROGRAM SERVICES CONSIGNMENT SALES SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES CONSIGNMENT SALES 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PART III ACCOUNTING METHOD: 1 LONGLEAF SERVICES INC 116 S BOUNDARY STREET CHAPEL HILL NC 27514 743155150 501(C)(3) 134160 0 SUPPORT 1 PART I, LINE 2: UNC PRESS ENSURES THAT LONGLEAF SERVICES USES GRANT FUNDS TO FURTHER UNC PRESS' EXEMPT PURPOSE, SUPPORTING THE UNIVERSITY OF NORTH CAROLINA SYSTEMS. X 0 0 0 0 0 0 0 0 0 JOHN SHERER DIRECTOR 227899 0 0 0 0 0 52621 0 7711 0 288231 0 0 0 DINO BATTISTA DIRECTOR OF MARKETING 128468 0 4000 0 0 0 29634 0 7711 0 169813 0 0 0 MARK VOS-SIMPSON EDITORIAL DIRECTOR 115566 0 4000 0 0 0 27399 0 7711 0 154676 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 UPDATED BYLAWS WERE ADOPTED BY THE BOARD OF GOVERNORS ON FEBRUARY 15, 2023. THE REVISIONS WERE AS FOLLOWS: 1. REQUIREMENT TO RESIGN FROM THE BOARD OF GOVERNORS WAS REMOVED FOR THOSE WHO RETIRE FROM THE UNC SYSTEM. 2. ADDED A CONFICT-OF-INTEREST PARAGRAPH WHEN VOTING ON CERTAIN SUBMISSIONS AND REVIEWS OF MANUSCRIPTS. 3. CHANGED MEMBER POSITIONS IN THE FINANCE COMMITTEE AS WELL AS ADDED OVERSIGHT OF ANNUAL AUDIT TO ITS RESPONSIBILITIES. FORM 990, PART VI, SECTION A, LINE 7A THE UNIVERSITY OF NORTH CAROLINA SYSTEM HAS THE POWER TO ELECT MEMBERS OF THE BOARD OF UNC PRESS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE DIRECTOR AND THE CFO. IT IS MADE AVAILABLE TO THE COMPLETE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS IN THE STAFF HANDBOOK AND ANY CONFLICTS ARE REPORTED ACCORDINGLY. OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE ASKED ANNUALLY TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 ANNUAL SALARIES ARE REVIEWED WITH ANNUAL SALARY STATISTICS PROVIDED BY THE ASSOCIATION OF AMERICAN UNIVERSITY PRESSES. THE UNC BOARD OF GOVERNORS MEETS ANUALLY IN EXECUTIVE SESSION TO DISCUSS AND REVIEW THE PERFORMANCE AND SALARY OF THE DIRECTOR. THE DIRECTOR'S SALARY IS SET BASED ON COMPARATIVE SALARY DATA PROVIDED BY THE ASSOCIATION OF AMERICAN UNIVERSITY PRESSES. THE DELIBERATIONS AND DECISIONS ARE CONTEMPORANEOUSLY DOCUMENTED AS WELL. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART XI, LINE 9: EQUITY IN INCOME FROM LONGLEAF SERVICES, INC. -122,422. LONGLEAF SERVICES INC 116 S BOUNDARY STREET CHAPEL HILL NC 27514 743155150 FULFILLMENT SERVICES NC 501(C)(3) LINE 12A, I UNC PRESS INC 1 UNIVERSITY OF NORTH CAROLINA SYSTEMS CB9000 PO BOX 2688 CHAPEL HILL NC 275152688 566172047 GOVERNING BODY OF THE PUBLIC UNIVERSITY SYSTEM OF NORTH CAROLINA NC 501(C)(3) N/A 0 0 1 1 1 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 LONGLEAF SERVICES INC B 134160 PAYMENTS PER RECORDS UNC-CHAPEL HILL C 86000 PAYMENTS PER RECORDS LONGLEAF SERVICES INC J 532320 PAYMENTS PER RECORDS LONGLEAF SERVICES INC P 482800 PAYMENTS PER RECORDS