2024-03-13T15:38:54-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 420 SOUTH ORANGE AVENUE SUITE 900 ORLANDO FL 32801 990 2022-07-01 580566212 PIEDMONT UNIVERSITY INC PIED 7067783000 PO BOX 10 DEMOREST GA 30535 MARSHALL M CRISER III PRESIDENT 7067783000 2024-03-07 1 MARSHALL CRISER III 999009999 0 AMY CHAPMAN P00843460 4078021200 2024-03-07 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z MARSHALL M CRISER III PO BOX 10 DEMOREST GA 30535 69069465 0 X WWW.PIEDMONT.EDU X 1897 GA PIEDMONT UNIVERSITY IS A PRIVATE, NON-PROFIT COMPREHENSIVE LIBERAL ARTS INSTITUTION. 33 33 875 68 0 0 6999154 3391404 47802136 48294815 7238052 263873 8657 9301 62047999 51959393 14100495 15439068 0 0 26581773 23232373 0 0 1519555 21653161 22311400 62335429 60982841 -287430 -9023448 151549246 147927827 35177170 35656641 116372076 112271186 PIEDMONT UNIVERSITY DEDICATES ITSELF TO THE TRANSFORMATIVE POWER OF EDUCATION THROUGH RECIPROCAL LEARNING, THE DEVELOPMENT OF COMPASSIONATE LEADERS, AND THE STEWARDSHIP OF OUR LOCAL AND GLOBAL COMMUNITIES. 0 0 31946650 15439068 39854120 TUITION AND FEES - INSTRUCTIONAL PROGRAMS SUPPORT STUDENTS TO ACHIEVE THEIR BACHELOR'S, MASTER'S, AND DOCTORATE LEVEL OF DEGREES. 10333862 7970581 STUDENT SERVICES - SERVICES PROVIDED BENEFITING STUDENTS INCLUDING FOOD SERVICE, RESIDENCE HALLS, AND FITNESS CENTER. 6493659 470114 OTHER ACTIVITIES - ACTIVITIES IN THE SUPPORT OF THE ORGANIZATION SUCH AS VARIOUS SPORTS AND THEATRE CAMPS, FOUNDATION SUPPORT, AND DEPOSITS. 48774171 1 1 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2976 0 1 875 1 0 0 0 0 0 0 0 0 0 0 0 0 X 33 33 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X BRANT WRIGHT SR VP FINANCE AND ADMIN 7067760100 PO BOX 10 DEMOREST GA 30535 THOMAS A ARRENDALE III CHAIRMAN OF THE BOARD 1.00 X X 0 0 0 DOCK SISK VICE CHAIRMAN 1.00 X X 0 0 0 KARA KEEL MOODY SECRETARY 1.00 X X 0 0 0 LISA BLACK TRUSTEE 1.00 X 0 0 0 SANDY BORROW TRUSTEE 1.00 X 0 0 0 DR MARTHA CANTRELL TRUSTEE 1.00 X 0 0 0 MATT COOK TRUSTEE 1.00 X 0 0 0 WALTER CROWDER TRUSTEE 1.00 X 0 0 0 MATT DESING TRUSTEE 1.00 X 0 0 0 DWIGHT EVANS TRUSTEE 1.00 X 0 0 0 DAVID FOSTER TRUSTEE 1.00 X 0 0 0 PHILLIP FURMAN TRUSTEE 1.00 X 0 0 0 MACK GUEST III TRUSTEE 1.00 X 0 0 0 LADSON HADDOW TRUSTEE 1.00 X 0 0 0 THOMAS HENSLEY JR TRUSTEE 1.00 X 0 0 0 JAMES C HOBBS III TRUSTEE 1.00 X 0 0 0 WILLIAM HOUSE TRUSTEE 1.00 X 0 0 0 FRAN DAVIS JARRETT TRUSTEE 1.00 X 0 0 0 NICK KASTNER TRUSTEE 1.00 X 0 0 0 REV DR SARAH LUND TRUSTEE 1.00 X 0 0 0 MYLLE MANGUM TRUSTEE 1.00 X 0 0 0 MICHAEL F MANSFIELD SR TRUSTEE 1.00 X 0 0 0 KIMBERLY MELTON TRUSTEE 1.00 X 0 0 0 OCTAVIUS MULLIGAN TRUSTEE 1.00 X 0 0 0 JIM PARHAM TRUSTEE 1.00 X 0 0 0 JOSEPH PIPER TRUSTEE 1.00 X 0 0 0 LISA PRUITT-HAMBY TRUSTEE 1.00 X 0 0 0 TOM RICHARD TRUSTEE 1.00 X 0 0 0 BRIAN RICKMAN TRUSTEE 1.00 X 0 0 0 MICHAEL SANTOWSKI TRUSTEE 1.00 X 0 0 0 JAMES SIEVERS TRUSTEE 1.00 X 0 0 0 BARBARA STRAIN TRUSTEE 1.00 X 0 0 0 MARY HART WILHEIT TRUSTEE 1.00 X 0 0 0 DR JAMES MELLICHAMP PRESIDENT THRU 12/31/22 40.00 X 340021 0 30441 BRANT WRIGHT SR. VP OF FINANCE & ADMIN. 40.00 X 233847 0 40342 MARSHALL M CRISER III PRESIDENT BEGINNING 01/01/23 40.00 X 0 0 0 KENNETH ROGERS VP, ADVANCEMENT 40.00 X 195129 0 48478 STEVE NIMMO SR. VP FOR ACADEMIC AFFAIRS 40.00 X 158714 0 35874 DR JULIA BEHR DEAN, SCHOOL OF NURSING & HEALTH SCIENCES 40.00 X 155206 0 8331 DR SHAHRYAR HEYDARI PROFESSOR, MATHEMATICS & SPECIAL ASSISTANT TO THE 40.00 X 142453 0 45146 KIMBERLY CRAWFORD VP, STUDENT LIFE & LEADERSHIP 40.00 X 140114 0 45115 KRISTI WILLIAMS ASSOC. VP, FINANCE/CONTROLLER 40.00 X 134646 0 43134 MARK TAVERNIER DEAN, SCHOOL OF EDUCATION 40.00 X 135725 0 34337 JAMES PEEPLES DIRECTOR, INTERCOLLEGIATE ATHLETICS 40.00 X 131601 0 7781 1767456 0 338979 10 0 1 0 ELLUCIAN COMPANY LP 2003 EDMUND HADLEY DRIVE SUITE 500 RESTON VA 20191 TECHNOLOGY 2783310 LAW OFFICE OF PATRICK MCKEE LLC 19 SPRING STREET NEWNAN GA 30263 LEGAL 194131 LAYER3 COMMUNICATIONS LLC 1450 OAKBROOK DR 900 NORCROSS GA 30093 TECHNOLOGY 155720 CLIFTON LARSON ALLEN LLP 220 S 6TH ST STE 300 MINNEAPOLIS MN 55402 ACCOUNTING SERVICES 113680 GREENWOODASHER & ASSOCIATES LLC 42 BUSINESS CENTRE DR SUITE 206 MIRAMAR BEACH FL 32550 PRSESIDENTIAL SEARCH 113205 5 1956604 1434800 3391404 TUITION AND FEES 611310 39854120 39854120 ROOM AND BOARD 611710 7931074 7931074 OTHER PROGRAM INCOME 900099 421678 421678 SUMMER CAMP 900099 48436 48436 CAMPUS BOOKSTORE 459210 39507 39507 48294815 1243407 1243407 1582 1582 7719 0 7719 7719 7719 16100780 29758 17092485 17587 -991705 12171 -979534 -979534 51959393 48294815 0 273174 15439068 15439068 1269012 220355 778897 269760 16636043 15300733 782323 552987 635411 574124 29419 31868 3413298 3001801 222275 189222 1278609 1113652 104207 60750 98501 98501 198826 198826 108848 108848 3819505 3295466 270338 253701 373865 180553 143870 49442 898402 708788 116187 73427 4223643 240504 3981598 1541 2980459 1581729 1398730 1311397 1307887 1212 2298 12886 12886 850330 759515 88009 2806 3942267 3521233 408025 13009 550985 67296 483689 OTHER OPERATIONAL EXPEN 943870 943870 EDUCATION EXPENSES 754630 754630 WORK STUDY 496422 475496 10717 10209 DUES AND SUBSCRIPTION 298442 132595 165847 448122 85860 353727 8535 60982841 48774171 10689115 1519555 6025535 4427746 3281890 3100168 173500 80200 1031166 822928 241963 399411 142958258 55969063 89451326 86989195 47104196 47144160 106629 53314 4133041 4910705 151549246 147927827 3331232 1990048 3062693 2806609 23534971 24320183 4904676 1847432 343598 4692369 35177170 35656641 X 102068286 96988926 14303790 15282260 116372076 112271186 151549246 147927827 X -9023448 4946842 -24284 X 0 1 X 1 1 1 X 3537292 3349573 3641196 6999154 3391404 20918619 3537292 3349573 3641196 6999154 3391404 20918619 4668022 16250597 1968892 1402547 3207342 964798 1252708 8796287 2234675 2234675 31949581 0.50860 0.59390 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: INSURANCE PROCEEDS - 2019 AMOUNT: $ 2,234,675. SCHEDULE A, PART II THE ORGANIZATION IS A SCHOOL AS DESCRIBED UNDER 170(B)(1)(A)(II) AND IS NOT REQUIRED TO COMPLETE A PUBLIC SUPPORT SCHEDULE. SCHEDULE A, PART II IS COMPLETED TO VERIFY THE SCHOOL CAN QUALIFY UNDER PUBLIC CHARITY STATUS SECTION 170 (B)(1)(A)(VI) AND QUALIFIES TO USE THE FIRST LISTED SPECIAL RULE FOR SCHEDULE B REPORTING. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 0.00 1 1 1 1234508 X X 0 43570462 577425 1730221 465576 45412532 54955833 573059 -11236080 722350 43570462 51579957 538876 3315939 478939 54955833 53825471 279070 -1838151 686433 51579957 53039246 343104 1194649 751528 53825471 0.72310 0.21474 0.06216 0 0 5149434 5149434 111856123 34405607 77450516 10867471 8165555 2701916 14011463 12468856 1542607 1073767 929045 144722 86989195 ANNUITIES PAYABLE 333468 LEASE LIABILITY - OPERATING 3881422 LEASE LIABILITY - FINANCING 477479 4692369 X 41334035 4946842 -15463352 -10516510 51850545 108848 108848 51959393 45434925 0 45434925 108848 15439068 15547916 60982841 PART II, LINE 5: FRAME HOUSE LISTED ON THE HISTORIC REGISTER IS USED AS OFFICES FOR GRADUATE ADMISSIONS. THE HOUSE IS LISTED AS A FIXED ASSET ON THE FINANCIALS AND MAINTENCE AND UTILITIES ARE EXPENSED AS DAILY OPERATIONAL. PART X, LINE 2: THE UNIVERSITY QUALIFIES AS A TAX-EXEMPT UNIVERSITY AS DESCRIBED IN INTERNAL REVENUE CODE SECTION 501(C)(3) AND HAS BEEN CLASSIFIED BY THE IRS AS A PUBLICLY SUPPORTED ORGANIZATION AND NOT AS A PRIVATE FOUNDATION. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE UNIVERSITY'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE UNIVERSITY FOLLOWS THE STATUTORY REQUIREMENTS FOR ITS INCOME TAX ACCOUNTING AND GENERALLY AVOIDS RISKS ASSOCIATED WITH POTENTIALLY PROBLEMATIC TAX POSITIONS THAT MAY BE CHALLENGED UPON EXAMINATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: STUDENT AID, SCHOLARSHIPS AND FEES -15,439,068. CHANGE IN THE VALUE OF GIFT ANNUITY TRUSTS -24,284. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID, SCHOLARSHIPS AND FEES 15,439,068. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ALL ADVERTISMENTS, SOLICITATIONS FOR STUDENTS AND STUDENT HANDBOOKS INCLUDE A STATEMENT THAT THE SCHOOL DOES NOT DISCRIMINATE. SCHEDULE E, PART I, LINE 6 PIEDMONT UNIVERSITY RECEIVES STUDENT FINANCIAL AID AWARDS FROM THE US DEPARTMENT OF EDUCATION, THE GEORGIA TUITION EQUILIZATION GRANT, HOPE FUNDS AND VARIOUS OTHER ASSISTANCE FROM THE STATE OF GEORGIA. 1 SCHOLARSHIPS AND GRANTS 1160 15439068 N/A N/A PART I, LINE 2: PIEDMONT UNIVERSITY PARTICIPATES IN THE STUDENT FINANCIAL ASSISTANCE PROGRAMS THROUGH THE U.S. DEPARTMENT OF EDUCATION. FUNDS ARE AWARDED AND DISBURSED TO STUDENTS BASED ON THE DEPARTMENT OF EDUCATION GUIDELINES SET FORTH BY THE TITLE IV PROGRAMS. X 1 0 X X X 0 0 0 0 0 0 0 0 0 DR JAMES MELLICHAMP PRESIDENT THRU 12/31/22 340021 0 0 0 0 0 18300 0 12141 0 370462 0 0 0 BRANT WRIGHT SR. VP OF FINANCE & ADMIN. 233847 0 0 0 0 0 14419 0 25923 0 274189 0 0 0 KENNETH ROGERS VP, ADVANCEMENT 195129 0 0 0 0 0 12015 0 36463 0 243607 0 0 0 STEVE NIMMO SR. VP FOR ACADEMIC AFFAIRS 158714 0 0 0 0 0 9951 0 25923 0 194588 0 0 0 DR SHAHRYAR HEYDARI PROFESSOR, MATHEMATICS & SPECIAL ASS 142453 0 0 0 0 0 8683 0 36463 0 187599 0 0 0 KIMBERLY CRAWFORD VP, STUDENT LIFE & LEADERSHIP 140114 0 0 0 0 0 8652 0 36463 0 185229 0 0 0 KRISTI WILLIAMS ASSOC. VP, FINANCE/CONTROLLER 134646 0 0 0 0 0 6762 0 36372 0 177780 0 0 0 MARK TAVERNIER DEAN, SCHOOL OF EDUCATION 135725 0 0 0 0 0 8414 0 25923 0 170062 0 0 0 DR JULIA BEHR DEAN, SCHOOL OF NURSING & HEALTH SCI 155206 0 0 0 0 0 8331 0 0 0 163537 0 0 0 PART I, LINE 1A CURRHAEE GOLF CLUB MEMBERSHIP REQUIRES BOTH SOCIAL AND GOLF - ATHLETICS UTILIZES THE GOLF AND THE PRESIDENT UTILIZES THE SOCIAL PORTION. THE MEMBERSHIP IS USED FOR OPERATIONS, NOT FOR PERSONAL USE, SO IT IS NOT INCLUDED IN TAXABLE COMPENSATION. A THE HABERSHAM COUNTY DEVELOPMENT AUTHORITY 521367808 2013-04-03 10000000 FINANCE STUDENT COMMONS BUILDING 0 0 0 B THE HABERSHAM COUNTY DEVELOPMENT AUTHORITY 521367808 2014-09-17 8000000 FINANCE VILLAGE DORMS BUILDINGS 0 0 0 C THE HABERSHAM COUNTY DEVELOPMENT AUTHORITY 521367808 2017-10-02 2485000 REFUNDING SERIES 1999 AND SERIES 2 0 0 0 D THE HABERSHAM COUNTY DEVELOPMENT AUTHORITY 521367808 2018-03-01 2215000 REFUNDING SERIES 1999 AND SERIES 2 0 0 0 A 4426545 10000000 10000000 2013 0 0 0 1 B 2623418 8000000 68685 7931315 2014 0 0 0 1 C 564110 2485000 46600 2438400 1 0 0 1 D 462840 2215000 2215000 1 0 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 0 0 1 0 0 0 0 0 1 B 0 0 1 0 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 D 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 A THE HABERSHAM COUNTY DEVELOPMENT AUTHORITY 521367808 2021-03-05 10000000 FINANCE MYSTIC DORM, SERIES 2021 0 0 0 A 10000000 168160 9831840 0 0 0 1 A 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL BE COMPOSED OF THE CHAIRPERSON, VICE CHAIRPERSON, AND SECRETARY OF THE BOARD PLUS FOUR ADDITIONAL MEMBERS ELECTED ANNUALLY BY THE BOARD AT THE FALL MEETING, WITH THEIR TERMS BEGINNING IMMEDIATELY FOLLOWING SAID MEETING. THE OFFICERS OF THE EXECUTIVE COMMITTEE SHALL BE THE SAME AS THE OFFICERS OF THE BOARD. A QUORUM SHALL BE A MAJORITY OF THE MEMBERS OF THE EXECUTIVE COMMITTEE. THIS COMMITTEE SHALL HAVE AUTHORITY TO CONSIDER AND TO DECIDE ALL QUESTIONS AFFECTING THE INTERESTS OF THE UNIVERSITY WHICH MAY BE BROUGHT BEFORE IT BETWEEN STATED MEETINGS OF THE BOARD, INCLUDING MATTERS WHICH ARE INITIALLY THE RESPONSIBILITY OF OTHER COMMITTEES OF THE BOARD, EXCEPT FOR THOSE ITEMS DESIGNATED AS REQUIRING THE ACTION OF THE BOARD, AND EXCEPT FOR ANY ALIENATION OF REAL PROPERTY AND ANY ACTION WHICH DIMINISHES THE INDEPENDENCE OF THE UNIVERSITY. THE EXECUTIVE COMMITTEE SHALL HAVE GENERAL OVERSIGHT OF ALL PERSONNEL MATTERS APPROPRIATE TO THE BOARD, EXCEPT THOSE EXPRESSLY RESERVED FOR ACTION BY THE BOARD. THE EXECUTIVE COMMITTEE APPROVES THE ANNUAL BUDGET AND PRESENTS BUDGET REPORTS TO THE FULL BOARD AT EACH BOARD MEETING. THE EXECUTIVE COMMITTEE SHALL ALSO TRANSACT SUCH BUSINESS AS MAY BE EXPRESSLY COMMITTED TO IT BY THE BOARD, INCLUDING ANY BUSINESS OTHERWISE EXPRESSLY RESERVED FOR THE BOARD. THE EXECUTIVE COMMITTEE SHALL SERVE AS AN ADVISORY COUNCIL FOR THE PRESIDENT. THE EXECUTIVE COMMITTEE SHALL NOT HAVE POWER TO AUTHORIZE A MERGER OR DISSOLUTION, OR THE SALE, PLEDGE, OR TRANSFER OF ALL OR SUBSTANTIALLY ALL OF THE CORPORATION'S ASSETS, OR THE ELECTION, APPOINTMENT, OR REMOVAL OF DIRECTORS, THE FILLING OF VACANCIES ON THE BOARD OR ON ANY OF ITS COMMITTEES, OR THE ADOPTION, AMENDMENT, OR REPEAL OF THE ARTICLES OF INCORPORATION OR BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM. FORM 990 IS THEN REVIEWED IN DETAIL BY TOP MANAGEMENT AT THE UNIVERSITY, INCLUDING THE VICE PRESIDENT FOR ADMINISTRATION AND FINANCE AND THE CONTROLLER. EVERY MEMBER OF THE GOVERNING BODY IS PROVIDED WITH A COPY OF THE 990 PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY APPLIES TO ALL EMPLOYEES AND BOARD MEMBERS. CONFLICT OF INTEREST STATEMENTS ARE COMPLETED BY ALL MEMBERS OF THE GOVERNING BODY ON AN ANNUAL BASIS. THESE STATEMENTS ARE MONITORED BY THE PRESIDENT'S OFFICE AND THE SENIOR ADMINISTRATION. IF A CONFLICT OF INTEREST ARISES, SENIOR MANAGEMENT INVESTIGATES AND SEEKS ADVICE FROM THE CHAIRPERSON AND EXECUTIVE COMMITTEE WHEN NECESSARY. LEGAL ADVICE WILL BE SOUGHT WHEN NEEDED. A KNOWN CONFLICT WOULD PREVENT THE PARTIES OF SUCH CONFLICT FROM PARTICIPATING IN THE RELEVANT ACTIONS/EVENTS UP TO AND INCLUDING THE GOVERNING BODY'S DELIBERATIONS AND DECISIONS IN THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15A THE PROCESS FOR DETERMINING COMPENSATION OF THE PRESIDENT SALARY INCLUDED A REVIEW AND APPROVAL BY THE BOARD CHAIRMAN AND EXECUTIVE COMMITTEE AS WELL AS REVIEW FORM 990 OF OTHER ORGANIZATIONS. THE MOST RECENT REVIEW AND APPROVAL FOR THE PRESIDENT'S COMPENSATION WAS OCTOBER OF 2021. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN LIABILITY ANNUITY -24,284.