Uncw Corporation
Uncw Corporation consistently reports balanced budgets with zero officer compensation, suggesting a supporting organizational structure.
EIN: 201949540 · Wilmington, NC · NTEE: B119 · Updated: 2026-03-28
Is Uncw Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Uncw Corporation directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Uncw Corporation
Uncw Corporation (EIN: 201949540) is a nonprofit organization based in Wilmington, NC, classified under NTEE code B119. The organization reported total revenue of $4.1M and total assets of $97.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Uncw Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Uncw Corporation is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.5M |
| Total Expenses | $4.5M |
| Surplus / Deficit | +$0 |
| Total Assets | $109.8M |
| Total Liabilities | $109.8M |
| Net Assets | $0 |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 100.0% |
| Months of Reserves | 291.4 months |
Financial Health Grade: B
In 2023, Uncw Corporation reported a surplus of $0 with revenue exceeding expenses, holds 291.4 months of operating reserves (strong position), has a debt-to-asset ratio of 100.0% (high leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.1% | -4.1% | -5.7% |
| 2022 | -3.6% | -3.6% | -3.6% |
| 2021 | -4.2% | -4.2% | -3.8% |
| 2020 | +1.8% | +1.8% | -2.0% |
| 2019 | -1.0% | -1.0% | -1.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Uncw Corporation with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Uncw Corporation allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $0, with revenue exceeding expenses.
- Debt-to-asset ratio: 100.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, which is highly unusual for an organization with revenues in the millions and assets exceeding $97 million. This strongly suggests that executive compensation is either handled by a parent organization or not reported under this specific EIN, rather than indicating a lack of executive leadership.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Uncw Corporation's IRS 990 filings:
- Consistent 0% officer compensation, which is unusual for an organization of this size and suggests a complex organizational structure not fully transparent in these filings alone.
- Exact matching of assets and liabilities in every filing period, which is atypical for most independent nonprofits and points to a specific accounting treatment or a supporting organization structure.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering a comprehensive efficiency analysis.
Strengths
The following positive indicators were identified for Uncw Corporation:
- Consistent financial stability with revenues matching expenses across all reported periods, indicating sound financial management.
- Substantial asset base, consistently over $97 million, suggesting significant resources and financial backing.
- No reported deficits, demonstrating a balanced budget approach.
Frequently Asked Questions about Uncw Corporation
Is Uncw Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Uncw Corporation (EIN: 201949540) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Uncw Corporation spend its money?
Uncw Corporation directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Uncw Corporation tax-deductible?
Uncw Corporation is registered as a tax-exempt nonprofit (EIN: 201949540). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Uncw Corporation a good charity?
Based on the provided data, Uncw Corporation appears to be a financially stable entity with revenues consistently matching expenses. However, the lack of detailed spending breakdowns and the zero officer compensation make it difficult to assess its 'goodness' as a standalone charity without understanding its relationship to the University of North Carolina Wilmington and how its funds are ultimately utilized within that broader system.
Why is officer compensation always zero?
The consistent reporting of zero officer compensation across all filings strongly suggests that Uncw Corporation is likely a supporting organization or a component unit of a larger educational institution (University of North Carolina Wilmington). In such structures, executive compensation for leadership overseeing this entity might be paid by the parent university and not directly reported under this specific EIN.
What is the purpose of Uncw Corporation given its financial structure?
Given the NTEE code B119 (University or Technological Institute) and the name, Uncw Corporation likely serves as a specific financial or operational arm of the University of North Carolina Wilmington. Its consistent revenue/expense matching and asset/liability balance suggest it might manage specific endowments, research funds, or capital projects on behalf of the university, rather than operating as an independent grant-making or program-delivery charity.
How does Uncw Corporation spend its revenue?
The provided IRS 990 data indicates that expenses consistently match revenue, implying all incoming funds are spent. However, without a detailed breakdown of expenses (e.g., program services, management and general, fundraising), it's impossible to determine the specific allocation of funds to different activities.
Filing History
IRS 990 filing history for Uncw Corporation showing financial trends over 13 years of public records:
Total assets decreased by 14.3% over the same period, from $128.1M to $109.8M. In its most recent filing year (2023), Uncw Corporation reported a surplus of $0, with revenue exceeding expenses. The organization holds $109.8M in liabilities against $109.8M in assets (debt-to-asset ratio: 100.0%), resulting in net assets of $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.5M | $4.5M | $109.8M | $109.8M | — | View 990 |
| 2022 | $4.7M | $4.7M | $116.5M | $116.5M | — | View 990 |
| 2021 | $4.9M | $4.9M | $120.8M | $120.8M | — | View 990 |
| 2020 | $5.1M | $5.1M | $125.5M | $125.5M | — | View 990 |
| 2019 | $5.0M | $5.0M | $128.1M | $128.1M | — | View 990 |
| 2018 | $5.1M | $5.1M | $130.5M | $130.5M | — | — |
| 2017 | $5.2M | $5.2M | $132.6M | $132.6M | — | View 990 |
| 2016 | $5.7M | $5.7M | $124.8M | $124.8M | — | View 990 |
| 2015 | $0 | $0 | $126.7M | $126.7M | — | View 990 |
| 2014 | $0 | $0 | $126.9M | $126.9M | — | View 990 |
| 2013 | $0 | $0 | $128.0M | $128.0M | — | View 990 |
| 2012 | $0 | $0 | $128.7M | $128.7M | — | View 990 |
| 2011 | $0 | $0 | $128.1M | $128.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.5M, expenses of $4.5M, and assets of $109.8M (revenue -4.1% year-over-year).
- 2022: Revenue of $4.7M, expenses of $4.7M, and assets of $116.5M (revenue -3.6% year-over-year).
- 2021: Revenue of $4.9M, expenses of $4.9M, and assets of $120.8M (revenue -4.2% year-over-year).
- 2020: Revenue of $5.1M, expenses of $5.1M, and assets of $125.5M (revenue +1.8% year-over-year).
- 2019: Revenue of $5.0M, expenses of $5.0M, and assets of $128.1M (revenue -1.0% year-over-year).
- 2018: Revenue of $5.1M, expenses of $5.1M, and assets of $130.5M (revenue -3.4% year-over-year).
- 2017: Revenue of $5.2M, expenses of $5.2M, and assets of $132.6M (revenue -7.9% year-over-year).
- 2016: Revenue of $5.7M, expenses of $5.7M, and assets of $124.8M.
- 2015: Revenue of $0, expenses of $0, and assets of $126.7M.
- 2014: Revenue of $0, expenses of $0, and assets of $126.9M.
- 2013: Revenue of $0, expenses of $0, and assets of $128.0M.
- 2012: Revenue of $0, expenses of $0, and assets of $128.7M.
- 2011: Revenue of $0, expenses of $0, and assets of $128.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Uncw Corporation:
Data Sources and Methodology
This transparency report for Uncw Corporation 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.