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Nonprofit · EIN 56-6064850

UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS FOUNDATION INC

Tax-exempt · WINSTON SALEM, NC 27117

Financials

$9.7M$7.4M2023$10.5M$8.3M2024
Revenue Expenses · by fiscal year end
Financials of UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$10,536,394$8,262,346$2,274,048$129,684,621$4,621,643$125,062,978
June 30, 2024990$9,736,393$7,413,345$2,323,048$112,184,567$182,878$112,001,689
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$9,608,511
Program service revenue
$0
Investment income
$654,036
Net rental income
$109,685
Other revenue
$273,847

Expenses

Grants and similar amounts paid
$4,043,112
Compensation of officers, directors and key employees
$211,000
Other salaries and wages
$1,276,077
Salaries, compensation and benefits (total)
$1,496,455
Professional fundraising fees
$0
Accounting fees
$42,800
Occupancy
$58,843
Travel
$414,410
Depreciation
$61,983
Program services (functional)
$6,678,049
Management and general (functional)
$1,266,314
Fundraising (functional)
$317,983

Balance sheet and other

Total assets, start of year
$112,184,567
Total assets, end of year
$129,684,621
Total liabilities, end of year
$4,621,643
Net assets, end of year
$125,062,978
Land, buildings and equipment
$5,914,023
Net assets without donor restrictions
$701,875
Net assets with donor restrictions
$124,361,103
Gross receipts
$10,536,394
Employees
1
Volunteers
24
Year formed
1964
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.

NameTitleHours / weekCompensationOther / benefits
Cynthia B LibertyExecutive Director
Officer
45$184,000$27,000
Erin Jones AdamsSecretary
Trustee or director, Officer
1$0$0
Howard UpchurchAssistant Treasurer
Trustee or director, Officer
1$0$0
McDara FolanPresident
Trustee or director, Officer
1$0$0
Melinda B MuellerTreasurer
Trustee or director, Officer
1$0$0
William R WatsonVice President
Trustee or director, Officer
1$0$0
Anne SessionsBoard Member
Trustee or director
1$0$0
Caroline MunroeBoard Member
Trustee or director
1$0$0
Christopher J ChapmanBoard Member
Trustee or director
1$0$0
Craig D CannonBoard Member
Trustee or director
1$0$0
Doug HendersonBoard Member
Trustee or director
1$0$0
James RuffinBoard Member
Trustee or director
1$0$0
Jonathan CochraneBoard Member
Trustee or director
1$0$0
Joseph P LoganBoard Member
Trustee or director
1$0$0
L Duane DavisBoard Member
Trustee or director
1$0$0
10 more people on this return
NameTitleHours / weekCompensation
Laura B DuganBoard Member
Trustee or director
1$0
Laura RamsayBoard Member
Trustee or director
1$0
Meade WillisBoard Member
Trustee or director
1$0
Michael L RogersBoard Member
Trustee or director
1$0
Ralph H WombleBoard Member
Trustee or director
1$0
Sandlin DouglasBoard Member
Trustee or director
1$0
Scott CawoodBoard Member
Trustee or director
1$0
Shelley HoldenBoard Member
Trustee or director
1$0
Stacy PetronzioBoard Member
Trustee or director
1$0
Stephen BerlinBoard Member
Trustee or director
1$0
990 for the year ended June 30, 2024: 26 people
NameTitleHours / weekCompensationOther / benefits
Cynthia B LibertyExecutive Director
Officer
45$177,500$23,727
David P BroughtonPresident
Trustee or director, Officer
1$0$0
Erin Jones AdamsSecretary
Trustee or director, Officer
1$0$0
Julie WilliamsTreasurer
Trustee or director, Officer
1$0$0
McDara FolanVice President
Trustee or director, Officer
1$0$0
Melinda B MuellerAssistant Treasurer
Trustee or director, Officer
1$0$0
Anne SessionsBoard Member
Trustee or director
1$0$0
Caroline MunroeBoard Member
Trustee or director
1$0$0
Christopher J ChapmanBoard Member
Trustee or director
1$0$0
Craig D CannonBoard Member
Trustee or director
1$0$0
Doug HendersonBoard Member
Trustee or director
1$0$0
Howard UpchurchBoard Member
Trustee or director
1$0$0
Jonathan CochraneBoard Member
Trustee or director
1$0$0
Joseph P LoganBoard Member
Trustee or director
1$0$0
Laura B DuganBoard Member
Trustee or director
1$0$0
Laura RamsayBoard Member
Trustee or director
1$0$0
Meade WillisBoard Member
Trustee or director
1$0$0
Michael L RogersBoard Member
Trustee or director
1$0$0
Ralph H WombleBoard Member
Trustee or director
1$0$0
Robert L King IIIBoard Member
Trustee or director
1$0$0
Sandlin DouglasBoard Member
Trustee or director
1$0$0
Scott CawoodBoard Member
Trustee or director
1$0$0
Shelley HoldenBoard Member
Trustee or director
1$0$0
Stacy PetronzioBoard Member
Trustee or director
1$0$0
Stephen BerlinBoard Member
Trustee or director
1$0$0
William R WatsonBoard Member
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
PO BOX 12189, WINSTON SALEM, NC 27117-2189
Principal officer (990 for 2024)
Cynthia Liberty, 1533 South Main Street, WinstonSalem, NC 27127
Signed the 990
Cynthia Liberty, Executive Director
Phone
(336) 770-3333
Return prepared by
Forvis Mazars LLP

Mission

UNCSA FOUNDATION'S PRIMARY PURPOSE IS TO FINANCIALLY SUPPORT THE ADVANCEMENT AND ACHIEVEMENT OF THE STUDENTS, FACULTY, AND STAFF OF THE UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS. THE UNCSA FOUNDATION STRIVES TO SUPPORT THE STRATEGIC INITIATIVES OF THE UNCSA.

990 for the year ended June 30, 2025

Program accomplishments

  • THE UNCSA FOUNDATION, INC. COORDINATES THE FUNDING OF THE UNCSA'S PROGRAMS, SCHOLARSHIPS, AND GUEST ARTISTS. THE UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS ("UNCSA") IS DEDICATED ENTIRELY TO THE PROFESSIONAL TRAINING OF THE STUDENTS POSSESSING EXCEPTIONAL TALENTS IN PERFORMING, VISUAL, AND MOVING IMAGE ARTS. UNCSA IS COMMITTED TO THE IDEA THAT ART COMBINES CRAFT, IMAGINATION, PASSION AND INTELLECT. SCHOLARSHIPS CAN BE AWARDED BASED ON TALENT, DEMONSTRATED NEED, OR A COMBINATION OF BOTH. UNCSA PROVIDES STUDENTS WITH THE INVALUABLE EXPERIENCE OF WORKING WITH MANY INTERNATIONALLY RENOWNED ARTISTS WHO TEACH MASTER CLASSES, WORK ONE-ON-ONE WITH STUDENTS IN COACHING SESSIONS, AND TEACH CLASSES. UNCSA STRIVES TO IMPROVE THE CULTURE OF NORTH CAROLINA THROUGH COMMUNITY ENGAGEMENT TO FURTHER THE ADVANCEMENT OF THE ARTS.
    Expenses $6,678,049 · grants $4,043,112 · revenue $927,883

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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
56-6064850
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
1964
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B110)
Assets (IRS master file)
$129,684,621
Income (IRS master file)
$10,536,394

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$10,536,394$8,262,346$129,684,621XML
990June 2024$9,736,393$7,413,345$112,184,567XML
990June 2023$7,254,667$6,762,991$99,390,912IRS
990June 2022$3,169,519$7,360,858$99,229,839IRS
990June 2021–––IRS
990June 2019–––IRS
990June 2018–––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 56-6064850).

Questions about UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS FOUNDATION INC

What is the EIN of UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS FOUNDATION INC?
The employer identification number (EIN) of UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS FOUNDATION INC is 56-6064850.
Is UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1964.
Are donations to UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS 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 SCHOOL OF THE ARTS 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 SCHOOL OF THE ARTS 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 SCHOOL OF THE ARTS 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 SCHOOL OF THE ARTS FOUNDATION INC?
The 990 for the year ended June 30, 2025 names Cynthia Liberty.
Who are the officers and directors of UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS FOUNDATION INC?
The 990 for the year ended June 30, 2025 lists 25 people; 1 received compensation from the organization, the highest $184,000 (Cynthia B Liberty, Executive Director).
How much revenue does UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS FOUNDATION INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $10,536,394, expenses of $8,262,346 and total assets of $129,684,621 at year end.

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