University of North Carolina At Greensboro Investment Fund Inc
91% goes to programs Strong reserves Growing revenue
University of North Carolina At Greensboro Investment Fund Inc is a 501(c)(3) organization based in Greensboro, North Carolina, registered in 1992, with $92,391,253 in FY2024 revenue. CharityIndex grades it A, and it directs about 91% of spending to programs.
Po Box 26170, Greensboro, NC, 27402 EIN 58-2005976 Since 1992
Revenue (FY2024)
$92.4M
▲ 1077.5% vs prior year
Education median: $200K
Expenses (FY2024)
$19.4M
Net assets
$471.0M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating91% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For University of North Carolina At Greensboro Investment Fund Inc: 91% to programs earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating291 mo reserves · +79% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For University of North Carolina At Greensboro Investment Fund Inc: 291 mo reserves · +79% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For University of North Carolina At Greensboro Investment Fund Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For University of North Carolina At Greensboro Investment Fund Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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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.
Contact & location
- Address
- Po Box 26170, Greensboro, NC, 27402
- City
- Greensboro
- State
- North Carolina
- Category
- Education
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $18.5M (FY2013) to $92.4M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $232KNet assets $471.0M
Operating margin
79.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$471.3M
Total liabilities
$232K
Net assets
$471.0M
Salaries & benefits
$0
0% of expenses
Board members
14
11 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $92,391,253▲1078% | $19,447,181▲2.7% | $471,044,637▲9.5% | $471,276,739▲9.5% | 990 |
| 2023 | $7,846,316▼31.6% | $18,934,995▲6.5% | $430,165,437▲9.7% | $430,398,703▲9.5% | 990 |
| 2022 | $11,465,443▼49.6% | $17,783,587▼0.6% | $392,095,537▲6.4% | $392,897,621▲6.4% | 990 |
| 2021 | $22,759,163▲52.2% | $17,898,517▼4.9% | $368,639,795▼6.1% | $369,290,686▼6.1% | 990 |
| 2020 | $14,956,560▲21.3% | $18,829,650▲16.5% | $392,609,634▲26.5% | $393,074,715▲26.5% | 990 |
| 2019 | $12,325,244▼11.8% | $16,164,495▲23.2% | $310,293,804▲0.9% | $310,769,147▲1.0% | 990 |
| 2018 | $13,975,459▼24.8% | $13,123,312▼11.0% | $307,580,639▲4.9% | $307,584,959▲4.9% | 990 |
| 2017 | $18,584,155▼33.2% | $14,749,977▲29.5% | $293,162,053▲6.2% | $293,166,373▲6.2% | 990 |
| 2016 | $27,836,027▲176% | $11,388,972▼1.5% | $276,120,937▲17.5% | $276,122,572▲17.5% | 990 |
| 2015 | $10,078,549▼38.8% | $11,562,793▲10.3% | $235,021,232▼5.5% | $235,021,570▼5.5% | 990 |
| 2014 | $16,473,959▼11.0% | $10,481,244▲13.9% | $248,590,801▼1.3% | $248,591,471▼1.3% | 990 |
| 2013 | $18,501,809 | $9,202,455▲19.7% | $251,756,275▲13.8% | $251,759,826▲12.7% | 990 |
| 2012 | — | $7,689,410▼2.4% | $221,195,194▲11.7% | $223,323,348▲12.8% | 990 |
| 2011 | — | $7,877,205 | $198,047,632 | $198,048,170 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Andrew Mehelko | Director | 1 | — |
| Beth Fisher | Director | 1 | — |
| Billy Nutt | Director | 1 | — |
| Brad Morton | Director | 1 | — |
| Charles King | President | 1 | — |
| Dr Adam Aiken | Director | 1 | — |
| Franklin Gilliam | Director | 0.1 | — |
| George Hoyle | Director | 1 | — |
| Kim Eder | Director | 1 | — |
| Lascel Webley | Director | 1 | — |
| Randall Kaplan | Director | 1 | — |
| Robert J Shea Jr | Treasurer | 0.1 | — |
| Sam Cone | Director | 1 | — |
| Tim Rice | Director | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Cambridge Associates Capital Management | Investment Management | $1,033,389 |
Grants received · $589K total
13 grants to University of North Carolina At Greensboro Investment Fund Inc totaling $589K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Community Foundation of Greater Greensboro Inc | General support | 2024 | $107,386 |
| Community Foundation of Greater Greensboro Inc | General support | 2023 | $71,242 |
| Community Foundation of Greater Greensboro Inc | General support | 2023 | $20,000 |
| Foundation For the Carolinas | Charitable gift | 2021 | $108,184 |
| Foundation For the Carolinas | Charitable gift | 2020 | $32,209 |
| Foundation For the Carolinas | Charitable gift | 2019 | $37,212 |
| National Philanthropic Tr | Education | 2019 | $30,000 |
| United Way Worldwide | Education | 2019 | $6,300 |
| Foundation For the Carolinas | Charitable gift | 2018 | $47,000 |
| United Way Worldwide | General charitable contributions | 2018 | $26,700 |
| Foundation For the Carolinas | Charitable gift | 2017 | $58,100 |
| Foundation For the Carolinas | Charitable gift | 2016 | $37,169 |
| Foundation For the Carolinas | Charitable gift | 2015 | $7,500 |
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Compare University of North Carolina At Greensboro Investment Fund Inc
Frequently asked questions
- Is University of North Carolina At Greensboro Investment Fund Inc a legitimate nonprofit?
- Yes. University of North Carolina At Greensboro Investment Fund Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 58-2005976, based in Greensboro, North Carolina. Donations are tax-deductible.
- What is University of North Carolina At Greensboro Investment Fund Inc's EIN?
- University of North Carolina At Greensboro Investment Fund Inc's Employer Identification Number (EIN) is 58-2005976.
- How much revenue does University of North Carolina At Greensboro Investment Fund Inc report?
- University of North Carolina At Greensboro Investment Fund Inc reported $92,391,253 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of University of North Carolina At Greensboro Investment Fund Inc's spending goes to programs?
- University of North Carolina At Greensboro Investment Fund Inc spends about 91% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does University of North Carolina At Greensboro Investment Fund Inc have?
- CharityIndex grades University of North Carolina At Greensboro Investment Fund Inc A, based on program efficiency and fundraising cost.
- How much does University of North Carolina At Greensboro Investment Fund Inc's highest-paid employee make?
- The highest reported compensation on University of North Carolina At Greensboro Investment Fund Inc's latest Form 990 is $0, paid to Andrew Mehelko (Director).
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Data for University of North Carolina At Greensboro Investment Fund Inc (EIN 58-2005976) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.