Nonprofit · EIN 23-7073829
UNIVERSITY OF NORTH CAROLINA AT ASHEVILLE FOUNDATION INC
Tax-exempt · ASHEVILLE, NC 28804
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $9,434,710 | $7,386,521 | $2,048,189 | $67,155,424 | $4,998,912 | $62,156,512 |
| June 30, 2024 | 990 | $7,317,286 | $11,404,377 | -$4,087,091 | $61,142,434 | $4,758,766 | $56,383,668 |
| June 30, 2023 | 990 | $9,511,257 | $7,198,608 | $2,312,649 | $62,884,016 | $5,349,292 | $57,534,724 |
| June 30, 2022 | 990 (amended) | $7,423,002 | $8,362,516 | -$939,514 | $61,754,429 | $5,165,826 | $56,588,603 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $7,310,868
- Program service revenue
- $0
- Investment income
- $1,365,641
- Net rental income
- $99,978
- Net gain from sales of assets
- $1,028,689
- Net income from fundraising events
- $25,242
- Other revenue
- $758,201
Expenses
- Grants and similar amounts paid
- $4,615,278
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $45,544
- Accounting fees
- $33,550
- Travel
- $157,804
- Depreciation
- $76,808
- Program services (functional)
- $6,640,555
- Management and general (functional)
- $280,422
- Fundraising (functional)
- $465,544
Balance sheet and other
- Total assets, start of year
- $61,142,434
- Total assets, end of year
- $67,155,424
- Total liabilities, end of year
- $4,998,912
- Net assets, end of year
- $62,156,512
- Land, buildings and equipment
- $1,902,545
- Publicly traded securities
- $5,860,112
- Net assets without donor restrictions
- $1,923,680
- Net assets with donor restrictions
- $60,232,832
- Gross receipts
- $12,199,035
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1965
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Keith Black | Director Trustee or director | 1 | $0 |
| Kenya Edwards | Director Trustee or director | 1 | $0 |
| Cynthia Eller | Director Trustee or director | 1 | $0 |
| Maryann Jones | Director Trustee or director | 1 | $0 |
| Frank Moretz | Director Trustee or director | 1 | $0 |
| Anthony Thomas | Director Trustee or director | 1 | $0 |
| Al Davis | Director Trustee or director | 1 | $0 |
| Ellen Carr | Director Trustee or director | 1 | $0 |
| Mike Tracy | Director Trustee or director | 1 | $0 |
| Tom Steele | Director Trustee or director | 1 | $0 |
| Greg Burnette | Vice Chair Trustee or director, Officer | 1 | $0 |
| Darlene Davis | Board Chair Trustee or director, Officer | 1 | $0 |
| Patrick Blalock | Director Trustee or director | 1 | $0 |
| Patrick Foo | Director Trustee or director | 1 | $0 |
| Michael Raymond | Director Trustee or director | 1 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Becky Sanft | Director Trustee or director | 1 | $0 |
| Carter Webb | Director Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 18 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Holly Bunting | Vice Chair Trustee or director, Officer | 1 | $0 |
| Kenya Edwards | Director Trustee or director | 1 | $0 |
| Cynthia Eller | Director Trustee or director | 1 | $0 |
| Maryann Jones | Board Chair Trustee or director, Officer | 1 | $0 |
| Frank Moretz | Director Trustee or director | 1 | $0 |
| Anthony Thomas | Director Trustee or director | 1 | $0 |
| Susan Shanor | Director Trustee or director | 1 | $0 |
| Ellen Carr | Director Trustee or director | 1 | $0 |
| Mike Tracy | Director Trustee or director | 1 | $0 |
| Marcus Dover | Director Trustee or director | 1 | $0 |
| Chris Marshall | Director Trustee or director | 1 | $0 |
| Greg Burnette | Director Trustee or director | 1 | $0 |
| Darlene Davis | Director Trustee or director | 1 | $0 |
| Patrick Blalock | Director Trustee or director | 1 | $0 |
| Patrick Foo | Director Trustee or director | 1 | $0 |
| Michael Raymond | Director Trustee or director | 1 | $0 |
| Becky Sanft | Director Trustee or director | 1 | $0 |
| Carter Webb | Director Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 20 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Donna Bailey | Director Trustee or director | 1 | $0 |
| Lauren Braswell | Director Trustee or director | 1 | $0 |
| Holly Bunting | Vice Chair Trustee or director, Officer | 1 | $0 |
| Kenya Edwards | Director Trustee or director | 1 | $0 |
| Cynthia Eller | Director Trustee or director | 1 | $0 |
| Maryann Jones | Board Chair Trustee or director, Officer | 1 | $0 |
| Frank Moretz | Director Trustee or director | 1 | $0 |
| Anthony Thomas | Director Trustee or director | 1 | $0 |
| Susan Shanor | Director Trustee or director | 1 | $0 |
| Ellen Carr | Director Trustee or director | 1 | $0 |
| Mike Tracy | Director Trustee or director | 1 | $0 |
| Marcus Dover | Director Trustee or director | 1 | $0 |
| Sara Bissette | Director Trustee or director | 1 | $0 |
| David Worley | Director Trustee or director | 1 | $0 |
| Chris Marshall | Director Trustee or director | 1 | $0 |
| Greg Burnette | Director Trustee or director | 1 | $0 |
| Paul Fanning | Director Trustee or director | 1 | $0 |
| Dan Pierce | Director Trustee or director | 1 | $0 |
| Sally Wasileski | Director Trustee or director | 1 | $0 |
| Graham Reynolds | Director Trustee or director | 1 | $0 |
990 for the year ended June 30, 2022: 22 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Donna Bailey | Director Trustee or director | 1 | $0 |
| Amy L Bibby | Director Trustee or director | 1 | $0 |
| Holly Bunting | Director Trustee or director | 1 | $0 |
| Darlene Davis | Director Trustee or director | 1 | $0 |
| Michael Greene | Director Trustee or director | 1 | $0 |
| Maryann Jones | Vice Chair Trustee or director, Officer | 1 | $0 |
| Sue McClinton | Director Trustee or director | 1 | $0 |
| George Morosani | Director Trustee or director | 1 | $0 |
| Susan Shanor | Director Trustee or director | 1 | $0 |
| Ellen Carr | Director Trustee or director | 1 | $0 |
| Jane Swafford | Director Trustee or director | 1 | $0 |
| Marcus Dover | Director Trustee or director | 1 | $0 |
| Sara Bissette | Director Trustee or director | 1 | $0 |
| David Worley | Board Chair Trustee or director, Officer | 1 | $0 |
| Chris Marshall | Director Trustee or director | 1 | $0 |
| Greg Burnette | Director Trustee or director | 1 | $0 |
| Paul Fanning | Director Trustee or director | 1 | $0 |
| Demon Thomas | Director Trustee or director | 1 | $0 |
| Vanessa Osborne | Director Trustee or director | 1 | $0 |
| Dan Pierce | Director Trustee or director | 1 | $0 |
| Sally Wasileski | Director Trustee or director | 1 | $0 |
| Graham Reynolds | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1 UNIVERSITY HTS, ASHEVILLE, NC 28804-3251
- Principal officer (990 for 2024)
- Mary Hall, One University Heights, Asheville, NC 28804
- Signed the 990
- Mary Hall, Treasurer
- Phone
- (828) 251-6716
- Website
- www.unca.edu
- Return prepared by
- BURLESON & EARLEY PA
Mission
The mission of the UNC Asheville Foundation, Inc. is to secure, manage, and distribute private support to enhance the growth and development of UNC Asheville.
Program accomplishments
- The Foundation exists to provide support to the University of North Carolina at Asheville, a state owned four year University. In this capacity, the Foundation receives funds that are spent on behalf of the Unversity such as scholarships, faculty grants and awards, purchase of equipment and internal expense for printing, supplies, etc.Expenses $6,640,555 · grants $4,615,278 · revenue $2,098,600
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7073829
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Organization supporting a government college or university
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1970
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B110)
- Assets (IRS master file)
- $67,155,424
- Income (IRS master file)
- $12,199,035
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $9,434,710 | $7,386,521 | $67,155,424 | XML |
| 990 | June 2024 | $7,317,286 | $11,404,377 | $61,142,434 | IRS |
| 990 | June 2023 | $9,511,257 | $7,198,608 | $62,884,016 | XML |
| 990 | June 2022 | $7,423,002 | $8,362,516 | $61,754,429 | XML |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7073829).
Questions about UNIVERSITY OF NORTH CAROLINA AT ASHEVILLE FOUNDATION INC
- What is the EIN of UNIVERSITY OF NORTH CAROLINA AT ASHEVILLE FOUNDATION INC?
- The employer identification number (EIN) of UNIVERSITY OF NORTH CAROLINA AT ASHEVILLE FOUNDATION INC is 23-7073829.
- Is UNIVERSITY OF NORTH CAROLINA AT ASHEVILLE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1970.
- Are donations to UNIVERSITY OF NORTH CAROLINA AT ASHEVILLE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does UNIVERSITY OF NORTH CAROLINA AT ASHEVILLE FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of UNIVERSITY OF NORTH CAROLINA AT ASHEVILLE FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did UNIVERSITY OF NORTH CAROLINA AT ASHEVILLE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of UNIVERSITY OF NORTH CAROLINA AT ASHEVILLE FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names Mary Hall.
- Who are the officers and directors of UNIVERSITY OF NORTH CAROLINA AT ASHEVILLE FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 17 people; 0 received compensation from the organization.
- How much revenue does UNIVERSITY OF NORTH CAROLINA AT ASHEVILLE FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $9,434,710, expenses of $7,386,521 and total assets of $67,155,424 at year end.
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