Nonprofit · EIN 58-2005976
UNIVERSITY OF NORTH CAROLINA AT GREENSBORO INVESTMENT FUND INC
Tax-exempt · GREENSBORO, NC 27402
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $92,391,253 | $19,447,181 | $72,944,072 | $471,276,739 | $232,102 | $471,044,637 |
| June 30, 2024 | 990 | $7,846,316 | $18,934,995 | -$11,088,679 | $430,398,703 | $233,266 | $430,165,437 |
| June 30, 2023 | 990 | $11,465,443 | $17,783,587 | -$6,318,144 | $392,897,621 | $802,084 | $392,095,537 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $73,460,067
- Net gain from sales of assets
- $68,051,731
- Other revenue
- $18,931,186
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $17,770,177
- Management and general (functional)
- $1,677,004
Balance sheet and other
- Total assets, start of year
- $430,398,703
- Total assets, end of year
- $471,276,739
- Total liabilities, end of year
- $232,102
- Net assets, end of year
- $471,044,637
- Gross unrelated business income
- $344,288
- Gross receipts
- $92,391,253
- Employees
- 0
- Volunteers
- 11
- Year formed
- 1992
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| FRANKLIN GILLIAM | DIRECTOR Trustee or director | 0.1 | $0 | $460,878 | $95,507 |
| ROBERT J SHEA JR | TREASURER Trustee or director, Officer | 0.1 | $0 | $308,757 | $78,438 |
| BETH FISHER | DIRECTOR Trustee or director | 1 | $0 | $304,877 | $48,419 |
| CHARLES KING | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SAM CONE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RANDALL KAPLAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BILLY NUTT | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KIM EDER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| GEORGE HOYLE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DR ADAM AIKEN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ANDREW MEHELKO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BRAD MORTON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LASCEL WEBLEY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TIM RICE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 17 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| FRANKLIN GILLIAM | DIRECTOR Trustee or director | 0.1 | $0 | $451,537 | $86,286 |
| ROBERT J SHEA JR | TREASURER Trustee or director, Officer | 0.1 | $0 | $300,770 | $73,490 |
| BETH FISHER | DIRECTOR Trustee or director | 1 | $0 | $295,581 | $46,775 |
| JERRY BLAKEMORE | DIRECTOR Trustee or director | 1 | $0 | $233,944 | $40,203 |
| PAUL FORTE | DIRECTOR Former | 0.2 | $0 | $213,427 | $59,954 |
| SCOTT MILMAN | DIRECTOR Trustee or director | 0.1 | $0 | $165,588 | $49,033 |
| GHAZALA BIBI | ASSISTANT TREASURER Trustee or director, Officer | 1 | $0 | $149,993 | $38,656 |
| CHARLES KING | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DR ADAM AIKEN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SAM CONE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RANDALL KAPLAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BILLY NUTT | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KIM EDER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| GEORGE HOYLE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ANDREW MEHELKO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BRAD MORTON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LASCEL WEBLEY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 11 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| FRANKLIN GILLIAM | DIRECTOR Trustee or director | 0.1 | $0 | $427,201 | $81,692 |
| ROBERT J SHEA JR | TREASURER Trustee or director, Officer | 0.1 | $0 | $291,445 | $71,815 |
| CHARLES KING | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DR ADAM AIKEN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SAM CONE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| HUBERT HUMPHREY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RANDALL KAPLAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BILLY NUTT | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BETSY OAKLEY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DALE PHIPPS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| VERNON WINTERS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 26170, GREENSBORO, NC 27402-6170
- In care of
- % SPECIAL ACCOUNTING
- Principal officer (990 for 2024)
- SCOTT MILMAN, 1201 SPRING GARDEN STREET, GREENSBORO, NC 27412
- Signed the 990
- SCOTT MILMAN, TREASURER
- Phone
- (336) 334-4503
- Return prepared by
- BERNARD ROBINSON & COMPANY LLP
Mission
TO ACCEPT THE TRANSFER OF ASSETS FROM THE UNCG ENDOWMENT FUND AND THE AFFILIATED FOUNDATIONS, WHICH BENEFIT THE UNIVERSITY, AND TO MANAGE THE INVESTMENT OF THOSE ASSETS.
Program accomplishments
- BENEFIT UNCG BY MAKING INVESTMENTS FOR RELATED ENTITY ENDOWMENTS. INVESTMENT GAIN WAS 10.62% FOR THE FISCAL YEAR. ENDOWMENT SPENDING IS BASED ON A THREE YEAR AVERAGE AND IS USED FOR SCHOLARSHIPS, PROFESSORSHIPS, AND DEPARTMENTAL SPENDING. DISTRIBUTIONS WERE:UNCG ENDOWMENT $9,073,757UNCG EXCELLENCE FOUNDATION 7,890,250UNCG CAMPUS MINISTRIES 806,170Expenses $17,770,177 · revenue $18,931,186
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
- 58-2005976
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1992
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B110)
- Assets (IRS master file)
- $471,276,739
- Income (IRS master file)
- $92,391,253
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $92,391,253 | $19,447,181 | $471,276,739 | XML |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $7,846,316 | $18,934,995 | $430,398,703 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $11,465,443 | $17,783,587 | $392,897,621 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 58-2005976).
Questions about UNIVERSITY OF NORTH CAROLINA AT GREENSBORO INVESTMENT FUND INC
- What is the EIN of UNIVERSITY OF NORTH CAROLINA AT GREENSBORO INVESTMENT FUND INC?
- The employer identification number (EIN) of UNIVERSITY OF NORTH CAROLINA AT GREENSBORO INVESTMENT FUND INC is 58-2005976.
- Is UNIVERSITY OF NORTH CAROLINA AT GREENSBORO INVESTMENT FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to UNIVERSITY OF NORTH CAROLINA AT GREENSBORO INVESTMENT FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does UNIVERSITY OF NORTH CAROLINA AT GREENSBORO INVESTMENT FUND 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 GREENSBORO INVESTMENT FUND 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 GREENSBORO INVESTMENT FUND 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 GREENSBORO INVESTMENT FUND INC?
- The 990 for the year ended June 30, 2025 names SCOTT MILMAN.
- Who are the officers and directors of UNIVERSITY OF NORTH CAROLINA AT GREENSBORO INVESTMENT FUND INC?
- The 990 for the year ended June 30, 2025 lists 14 people; 0 received compensation from the organization.
- How much revenue does UNIVERSITY OF NORTH CAROLINA AT GREENSBORO INVESTMENT FUND INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $92,391,253, expenses of $19,447,181 and total assets of $471,276,739 at year end.
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