University of North Carolina School of the Arts Foundation Inc

Nonprofit profile at a glance

EIN
566064850
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
WinstonSalem, NC, USA
Phone
3367703333
Rating
81
Verdict
STRONG
Rating confidence
Standard
Sector
Single Organization Support

Official website

Reported finances

Revenue
$10,536,394
Expenses
$8,262,346
Assets
$129,684,621
Liabilities
$4,621,643

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

25 people listed

Executive titles in this filing

  • McDara Folan (President)
  • William R Watson (Vice President)
  • Cynthia B Liberty (Executive Director)

Highest reported compensation

  • Cynthia B Liberty (Executive Director): $211,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

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.

What it reported doing in 2024

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.

Operating model

Revenue model
Donor-supported. 91% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 61% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. No material rating questions were generated from the available inputs.

Rating breakdown

  • Financial Efficiency: 71
  • Transparency & Controls: 79
  • Accountability: 100
  • Sustainability: 85
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 65.7%; rating input score 66
  • Program expense ratio: 80.8%; rating input score 81
  • Fundraising efficiency: $30.22 raised per $1 spent on fundraising; rating input score 67; 67th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 21.6%; rating input score 83; 83rd percentile among comparable filings
  • Total-asset coverage ratio: 15.7; rating input score 94; 94th percentile among comparable filings
  • Liabilities to assets ratio: 0.04; rating input score 86; 86th percentile among comparable filings
  • Officer compensation ratio: 2.6%; rating input score 72; 72nd percentile among comparable filings

Growth

  • Program expense growth: 4.9% per year; rating input score 100; 41st percentile among comparable filings
  • Revenue growth: 2.4% per year; rating input score 100; 21st percentile among comparable filings
  • Asset growth: 10.8% per year; rating input score 100; 68th percentile among comparable filings

Details

  • Where the money goes: 65.7% of revenue deployed · 80.8% of spending went to programs
  • Governance: 24 of 24 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $6.7M in reported program spending
  • Leadership: top reported pay $211K · 25 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $150K reported
  • Consistency: 35 of 35 current checks pass
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.