Foundation Of The University Of North Carolina At Wilmington Inc
EIN: 566050338 · Wilmington, NC · NTEE: B43I
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $256K |
| Net Assets | $10.0M |
Is Foundation Of The University Of North Carolina At Wilmington Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Foundation Of The University Of North Carolina At Wilmington Inc
Foundation Of The University Of North Carolina At Wilmington Inc (EIN: 566050338) is a nonprofit organization based in Wilmington, NC, classified under NTEE code B43I. The organization reported total revenue of $2.0M and total assets of $11.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Foundation Of The University Of North Carolina At Wilmington Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Foundation Of The University Of North Carolina At Wilmington Inc is a mid-size nonprofit that has been operating for 60 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -5.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $271K |
| Total Expenses | $256K |
| Surplus / Deficit | +$15K |
| Total Assets | $10.0M |
| Net Assets | $10.0M |
| Operating Margin | 5.5% |
| Months of Reserves | 466.7 months |
Financial Health Grade: A
In 2023, Foundation Of The University Of North Carolina At Wilmington Inc reported a surplus of $15K with revenue exceeding expenses, holds 466.7 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2012–2023), Foundation Of The University Of North Carolina At Wilmington Inc's revenue has declined at a compound annual growth rate (CAGR) of -5.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -54.2% | +4.9% | +1.0% |
| 2022 | +8.4% | -84.0% | -1.8% |
| 2021 | -74.5% | +462.8% | +14.2% |
| 2019 | -229.5% | +7.0% | +0.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1966 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Foundation Of The University Of North Carolina At Wilmington Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Foundation Of The University Of North Carolina At Wilmington Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $15K, with revenue exceeding expenses.
Frequently Asked Questions about Foundation Of The University Of North Carolina At Wilmington Inc
Is Foundation Of The University Of North Carolina At Wilmington Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Foundation Of The University Of North Carolina At Wilmington Inc (EIN: 566050338) insufficient data. 0 red flags identified, 0 strengths noted.
How does Foundation Of The University Of North Carolina At Wilmington Inc spend its money?
Detailed spending breakdown data is not yet available for Foundation Of The University Of North Carolina At Wilmington Inc. Check back for updated IRS 990 analysis.
Are donations to Foundation Of The University Of North Carolina At Wilmington Inc tax-deductible?
Foundation Of The University Of North Carolina At Wilmington Inc is registered as a tax-exempt nonprofit (EIN: 566050338). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Foundation Of The University Of North Carolina At Wilmington Inc located?
Foundation Of The University Of North Carolina At Wilmington Inc is headquartered in Wilmington, North Carolina and files with the IRS under EIN 566050338. It is classified under NTEE code B43I.
How many years of IRS 990 filings does Foundation Of The University Of North Carolina At Wilmington Inc have?
Foundation Of The University Of North Carolina At Wilmington Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.0M in total revenue.
Filing History
IRS 990 filing history for Foundation Of The University Of North Carolina At Wilmington Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Foundation Of The University Of North Carolina At Wilmington Inc's revenue has declined by 43.3%, moving from $478K to $271K. Total assets increased by 3.6% over the same period, from $9.6M to $10.0M. Total functional expenses rose by 7.5%, from $238K to $256K. In its most recent filing year (2023), Foundation Of The University Of North Carolina At Wilmington Inc reported a surplus of $15K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $271K | $256K | $10.0M | $0 | — | View 990 |
| 2022 | $591K | $244K | $9.9M | $0 | — | View 990 |
| 2021 | $545K | $1.5M | $10.0M | $0 | — | View 990 |
| 2020 | $2.1M | $270K | $8.8M | $644 | — | View 990 |
| 2019 | $-125,157 | $420K | $6.7M | $0 | — | View 990 |
| 2018 | $97K | $393K | $6.7M | $69K | — | View 990 |
| 2017 | $401K | $304K | $6.6M | $101K | — | View 990 |
| 2016 | $377K | $281K | $6.2M | $111K | — | View 990 |
| 2015 | $328K | $315K | $6.3M | $105K | — | View 990 |
| 2014 | $34K | $311K | $6.2M | $109K | — | View 990 |
| 2013 | $586K | $234K | $10.1M | $4.3M | — | View 990 |
| 2012 | $478K | $238K | $9.6M | $4.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $271K, expenses of $256K, and assets of $10.0M (revenue -54.2% year-over-year).
- 2022: Revenue of $591K, expenses of $244K, and assets of $9.9M (revenue +8.4% year-over-year).
- 2021: Revenue of $545K, expenses of $1.5M, and assets of $10.0M (revenue -74.5% year-over-year).
- 2020: Revenue of $2.1M, expenses of $270K, and assets of $8.8M.
- 2019: Revenue of $-125,157, expenses of $420K, and assets of $6.7M (revenue -229.5% year-over-year).
- 2018: Revenue of $97K, expenses of $393K, and assets of $6.7M (revenue -75.9% year-over-year).
- 2017: Revenue of $401K, expenses of $304K, and assets of $6.6M (revenue +6.3% year-over-year).
- 2016: Revenue of $377K, expenses of $281K, and assets of $6.2M (revenue +14.9% year-over-year).
- 2015: Revenue of $328K, expenses of $315K, and assets of $6.3M (revenue +872.2% year-over-year).
- 2014: Revenue of $34K, expenses of $311K, and assets of $6.2M (revenue -94.2% year-over-year).
- 2013: Revenue of $586K, expenses of $234K, and assets of $10.1M (revenue +22.7% year-over-year).
- 2012: Revenue of $478K, expenses of $238K, and assets of $9.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Foundation Of The University Of North Carolina At Wilmington Inc:
Data Sources and Methodology
This transparency report for Foundation Of The University Of North Carolina At Wilmington Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.