2025-04-22T13:06:22-05:00 2024-06-30 540504608 BROWN EDWARDS & COMPANY LLP 105 ARBOR DR NE 3RD FLOOR CHRISTIANSBURG VA 24073 990 2023-07-01 560529990 PFEIFFER UNIVERSITY PFEI 7044631360 PO BOX 960 MISENHEIMER NC 28109 DR SCOTT W BULLARD PRESIDENT 7044631360 2025-04-14 1 1 MARK WOOLWINE P00647446 5404433606 2025-04-14 2023 2025-03-06 01:10:19Z DR SCOTT W BULLARD PO BOX 960 MISENHEIMER NC 28109 37685589 0 X WWW.PFEIFFER.EDU X 1938 NC PFEIFFER UNIVERSITY DELIVERS A TRANSFORMATIONAL, PERSONALIZED EDUCATION WHEREIN STUDENTS ARE SHAPED BY A GIFTED, DIVERSE, AND COMMITTED COMMUNITY OF MENTORS. GRADUATES ARE PREPARED TO LEAD, HAVE THE DISPOSITION TO SERVE, AND POSSESS THE WISDOM AND SKILLS TO FACILITATE HEALTH AND PROSPERITY THROUGHOUT THE REGION AND THE WORLD. 24 24 282 18 0 0 8408704 5743063 34817415 31041917 722307 760009 155543 103995 44103969 37648984 13769208 13255281 0 0 13327221 13302123 0 0 1285864 16257231 16417563 43353660 42974967 750309 -5325983 72007748 64091562 43863507 39979500 28144241 24112062 X PFEIFFER IS A GLOBALLY ENGAGED, REGIONAL UNIVERSITY DISTINCTIVE FOR ITS TRANSFORMATIONAL UNDERGRADUATE EXPERIENCES AND ITS LEADERSHIP IN PROFESSIONAL AND GRADUATE PROGRAMS THAT FILL DEMONSTRATED NEEDS. VESTED IN ITS HISTORY AS A UNITED METHODIST-RELATED UNIVERSITY, AND PROPELLED FORWARD BY AN INNOVATIVE FACULTY, PFEIFFER PREPARES ITS STUDENTS FOR A LIFETIME OF ACHIEVEMENT, SCHOLARSHIP, SPRIITUALITY, AND SERVICE. 0 0 37615495 13255281 31059112 IN THE 2023-2024 ACADEMIC YEAR, THE FRANCIS CENTER FOR SERVANT LEADERSHIP AND FAITH FORMATION PARTICIPATED IN A TOTAL OF 1200 HOURS OF SERVICE. IN ADDITION, OTHER UNIVERSITY AREAS PARTICIPATED IN 900 HOURS OF SERVICE. THEREFORE, THE TOTAL NUMBER OF HOURS EQUALS 2100 HOURS. DURING THIS ACADEMIC YEAR, THERE WAS A CHANGE IN FRANCIS CENTER STAFF LEADERSHIP, FROM FULL-TIME TO PART-TIME, IMPACTING THE NUMBER OF SERVICE OPPORTUNITIES AND HOURS.HIGHLIGHTS FOR THE YEAR INCLUDE: COMMUNITY SERVICE THROUGH HABITAT FOR HUMANITY, STANLY COMMUNITY CHRISTIAN MINISTRY, BACKPACK BUDDIES, ANGEL TREE, ESTHER HOUSE, AND MORE. THESE COMMUNITY SERVICE ACTIVIES RANGE FROM ON SITE WORK, ITEM COLLECTION, AND ASSEMBLING ITEMS ON CAMPUS AND DELIVERING TO THE AGENCY. THE FRANCIS CENTER WORKED WITH LOCAL CHURCHES TO PROVIDE A GOOD NEIGHBOR PANTRY IN PFEIFFER'S CHAPEL TO STUDENTS AND NEIGHBORS GET FOOD OR HYGIENE ITEMS THEY NEED WITHOUT JUDGMENT AND PARTICIPATED IN A COMMUNITY TRUNK OR TREAT. STUDENT ATHLETES HELPED AN ELDERLY NEIGHBOR WITH YARD WORK, CONDUCTED A CANNED FOOD DRIVE AND CHRISTMAS TOY DRIVE, AND ASSISTED WITH A SPECIAL OLYMPICS DAY. OTHER STUDENT CLUBS/GROUPS COLLECTED SCHOOL SUPPLIES AND HYGIENE ITEMS.THESE ACTIVIES PROVIDED ON AND OFF CAMPUS ACTIVIES FOR STUDENTS TO PARTICIPATE IN SERVICE LEARNING. SOME ACTIVITIES WERE HANDS ON WITH COMMUNITY MEMBERS, SUCH AS SERVING AT A MOBILE FOOD PANTRY WHERE STUDENTS HELPED COMMUNITY MEMBERS "SHOP" FOR FREE GROCERIES OR WORKING THE SPECIAL OLYMPICS PROVIDING SUPPORT FOR ADULTS WITH SPECIAL NEEDS. OTHER ACTIVIES WERE HANDS ON ACTIVITIES TO ASSEMBLE ITEMS FOR LATER USE BY COMMUNITY MEMBERS, SUCH AS ASSEMBLING WEEKEND FOOD BAGS FOR LOCAL SCHOOL CHILDREN, MAKING CARDS FOR LOCAL STUDENTS DURING END OF GRADE TESTING, OR MAKING BLANKETS FOR SURVIVORS OF DOMESTIC VIOLENCE. COLLECTION DRIVES INCLUDED CANNED FOOD, SCHOOL SUPPLIES, CLOTHING, AND CHRISTMAS TOYS FOR KIDS. 37615495 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 0 1 0 0 1 0 0 0 0 0 0 0 0 1 1576 0 1 282 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NC X ROBIN S LESLIE 7044631360 PO BOX 960 MISENHEIMER NC 28109 MRS JANE CRISCO SECRETARY 1.00 X X 0 0 0 MR ROGER DICK CHAIR 1.00 X X 0 0 0 MR JOHN FLETCHER III TRUSTEE 1.00 X 0 0 0 MS DEBORAH FRECH TRUSTEE 1.00 X 0 0 0 DR MATTHEW KERLIN TRUSTEE 1.00 X 0 0 0 MR BLAKE MARTIN TRUSTEE 1.00 X 0 0 0 MR BENNY MERRELL TREASURER 1.00 X X 0 0 0 MR DAVID MILLER TRUSTEE 1.00 X 0 0 0 MR MATTHEW MOELLER TRUSTEE 1.00 X 0 0 0 MR T RANN PAYNTER TRUSTEE 1.00 X 0 0 0 MR RUSSELL RING TRUSTEE 1.00 X 0 0 0 MR MARSHALL ROGERS PAST CHAIR 1.00 X 0 0 0 MR JOSEPH SCHORTZ TRUSTEE 1.00 X 0 0 0 MRS AMY SHELTON TRUSTEE 1.00 X 0 0 0 MRS NATASHA SUBER TRUSTEE 1.00 X 0 0 0 MRS BONNIE SUTHER VICE CHAIR 1.00 X X 0 0 0 THE REV DR TERRY SWICEGOOD TRUSTEE 1.00 X 0 0 0 MR RICK THAMES TRUSTEE 1.00 X 0 0 0 MR DAVID BELL EX-OFFICIO 1.00 X 0 0 0 BISHOP KENNETH CARTER JR EX-OFFICIO 1.00 X 0 0 0 MS BETH CRISSMAN EX-OFFICIO 1.00 X 0 0 0 MRS DELLA RAINES EX-OFFICIO 1.00 X 0 0 0 MS BESS REDMOND EX-OFFICIO 1.00 X 0 0 0 DR DAVID CARTRETTE EX-OFFICIO 1.00 X 0 0 0 MS JOANIE STROHM EX-OFFICIO 1.00 X 0 0 0 EMILY CARELLA VP FOR ENROLLMENT MANAGEMENT 40.00 X 114509 0 17092 JEFFERY CHILDRESS VP OF ATHLETICS AND EXTERNAL RELATIONS 40.00 X 113134 0 20460 JOELLEN NEWSOME VP OF INSTITUTIONAL ADVANCEMENT 40.00 X 110088 0 18733 DANIEL MYNATT PROVOST AND VP FOR ACADEMIC AFFAIRS 40.00 X 153834 0 38210 SCOTT BULLARD PRESIDENT 40.00 X 273360 0 13765 ROBIN LESLIE SENIOR VP OF FNANCE AND CFO 40.00 X 153834 0 15679 SCOTT FISHER PA DIRECTOR AND ASSOC PROFESSOR OF PA 40.00 X 152802 0 2079 CHRISTOPHER BOE PROF OF ELEMENTARY EDUC & DEAN OF GRADUATE SCHOOL 40.00 X 130071 0 17399 EDWARD RANZENBACH PRINCIPAL FACULTY OF PA STUDIES & DIRECTOR OF CLIN 40.00 X 113249 0 20067 SUSAN LUCK PROF OF BUSINESS ADMINISTRATION 40.00 X 115210 0 30213 FLORA MELVIN PROFESSOR OF HEALTH ADMINISTRATION 40.00 X 106705 0 5934 1536796 0 199631 11 0 1 0 SODEXO FOOD SERVICE PO BOX 960 MISENHEIMER NC 28109 FOOD SERVICES 2035279 SODEXO INC & AFFILIATES PO BOX 360170 PITTSBURGH PA 15251 MAINTENANCE SERVICES 1254387 ADVANCED SPORTS GROUP LLC 625 MOLLY LANE SUITE 100 WOODSTOCK GA 30189 CONSTRUCTION SERVICES 823141 FOLLETT HIGHER EDUCATION GROUP 3146 SOLUTIONS CENTER CHICAGO IL 60677 BOOKSTORE SERVICES 519267 DIGITAL TUILP LLC 2328 ABBEYWOOD ROAD LEXINGTON KY 40515 MARKETING SERVICES 315700 9 13160 533370 5196533 1458493 5743063 TUITION 611310 24832209 24832209 DORMITORY FEES 611310 2798735 2798735 FOOD SERVICES 611310 2153272 2153272 OTHER PROGRAM SERVICES 611310 1257701 1257701 31041917 698283 698283 98805 20525 78280 78280 78280 61726 0 61726 61726 61726 24600 13160 16080 8520 8520 10202 0 10202 10202 MISCELLANEOUS REVENUE 611310 6993 6993 6993 37648984 31059112 0 846809 13255281 13255281 1089814 528226 443776 117812 10137344 8735719 1085218 316407 76009 59093 13896 3020 1198234 964974 179150 54110 800722 665221 104125 31376 49650 49650 3631547 2756566 837823 37158 444236 9024 435212 942089 887378 45254 9457 391308 386297 4721 290 2692432 2664042 27045 1345 621744 564357 54601 2786 155662 142819 12778 65 824951 808347 16604 2783130 2728225 54905 536997 86215 450782 STUDENT BOARD 1944129 1944129 BAD DEBT EXPENSE 784039 89958 694081 MISCELLANEOUS EXPENSE 248731 130883 111641 6207 SPECIAL EVENTS 199857 182829 5500 11528 167061 115870 50969 222 42974967 37615495 4073608 1285864 1777124 370912 6017883 6271051 4923151 2823128 518883 323427 24231 16476 29745 29744 743091 256453 78632053 40834514 38468890 37797539 10290999 12333231 4774849 3322434 4438902 547167 72007748 64091562 1551902 2051967 1399538 881257 1479050 35874692 35113124 350004 4687371 454102 43863507 39979500 X 3604269 -4016924 24539972 28128986 28144241 24112062 72007748 64091562 -5325983 1293804 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 17638682 278263 2004163 19921108 15851509 350672 1436501 17638682 16324708 665231 -1138430 15851509 14198030 407810 1718868 16324708 14183026 735638 396137 1116771 14198030 0.00520 0.98960 0.00520 0 0 4144341 4144341 57230188 27817741 29412447 17172040 13016633 4155407 85484 140 85344 37797539 CASH AND CASH EQUIVALENTS 3293693 F BONDS 28741 F 3322434 FINANCING LEASE RIGHT-OF-USE LIABILITIES 160508 REFUNDABLE ADVANCES FOR STUDENT LOANS 290720 ANNUITIES PAYABLE 2874 454102 X 25680772 1293804 6310 1300114 24380658 49650 13218676 13268326 37648984 29712951 0 29712951 49650 13212366 13262016 42974967 PART III, LINE 4: FRAMED ORIGINAL PHOTOGRAPH OF DR. MARTIN LUGHER KING, JR. AND DR. VERNON MACK HERRON. THE MARCH FROM SELMA TO MONTGOMERY, ALABAMA IN 1965. ALSO INCLUDED IS A GENEOLOGY COLLECTION OF BOOKS, DOCUMENTS AND MEMORABILIA FROM DR. HERRON. THESE INCLUDE HIS WRITINGS ON THE CIVIL RIGHTS MOVEMENT. PART X, LINE 2: THE UNIVERSITY IS A TAX-EXEMPT ENTITY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). THE CAMPUS IS A SINGLE MEMBER LIMITED LIABILITY COMPANY AND IS THEREFORE DISREGARDED FOR INCOME TAX PURPOSES. ACCORDINGLY, THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION OR LIABILITY FOR FEDERAL AND STATE INCOME TAXES. THE UNIVERSITY HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF JUNE 30, 2023 AND 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 163. CHANGE IN VALUE OF CASH VALUE LIFE INSURANCE 6,147. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 13,255,281. FUNDRAISING EVENT EXPENSE -16,080. RENTAL EXPENSE -20,525. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 13,255,281. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -163. CHANGE IN VALUE OF CASH VALUE LIFE INSURANCE -6,147. FUNDRAISING EVENT EXPENSE -16,080. RENTAL EXPENSE -20,525. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY INCLUDES THE RACIALLY NON-DISCRIMINATORY POLICY IN ALL ITS BROCHURES, CATALOGUES AND OTHER WRITTEN COMMUNICATIONS WITH THE PUBLIC THAT RELATE TO STUDENT ADMISSIONS, PROGRAMS, AND SCHOLARSHIPS. SCHEDULE E, PART I, LINE 6 EXPENDITURES OF FEDERAL AWARDS SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT, FEDERAL DIRECT LOAN PROGRAM, FEDERAL WORK STUDY, PELL GRANT PROGRAM. EXPENDITURES OF STATE AWARDS NC NEED-BASED SCHOLARSHIP PROGRAM, NC FORGIVEABLE EDUCATIONAL LOANS FOR SERVICE, GOLDEN LEAF SCHOLARS PROGRAM. GOLF TOURNAMENT 37760 13160 24600 195 4608 6306 4403 568 37760 13160 24600 195 4608 6306 4403 568 16080 8520 1 SCHOLARSHIPS 906 13255281 PART I, LINE 2: SCHOLARSHIPS ARE AWARDED EACH YEAR BASED ON REQUIREMENTS DICTATED BY THE TYPE OF SCHOLARSHIP. ALL SCHOLARSHIPS ARE APPLIED TO EACH STUDENT'S ACCOUNT AND DISBURSED FROM THE FINANCIAL AID OFFICE. 1 X X 0 0 0 0 0 0 0 0 0 SCOTT BULLARD PRESIDENT 242000 0 25000 0 6360 0 6558 0 7207 0 287125 0 0 0 DANIEL MYNATT PROVOST AND VP FOR ACADEMIC AFFAIRS 152250 0 0 0 1584 0 27394 0 10816 0 192044 0 0 0 ROBIN LESLIE SENIOR VP OF FNANCE AND CFO 152250 0 0 0 1584 0 8472 0 7207 0 169513 0 0 0 SCOTT FISHER PA DIRECTOR AND ASSOC PROFESSOR OF P 152250 0 0 0 552 0 1676 0 403 0 154881 0 0 0 MR ROGER DICK MR. ROGER DICK IS A BOARD OF TRUSTEES MEMBER AND CEO OF UWHARRIE BANK BUYOUT/TERMINATION OF LEASE X 1500000 1479050 0 1 1 1479050 MR ROGER DICK BOARD OF TRUSTEES MEMBER 253169 THE UNIVERSITY HOLDS A CD AT UWHARRIE BANK AND MR. ROGER DICK IS CEO OF UWHARRIE BANK. 0 X 2757 DONOR VALUE X 11 479434 AVERAGE HIGH/LOW X 1 939615 APPRAISAL X SUPPLIES 6 18954 DONOR VALUE X EQUIPMENT 1 17733 DONOR VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B PFEIFFER UNIVERSITY'S FORM 990 IS SENT TO THE PRESIDENT, CFO, AND ALL BOARD OF TRUSTEE MEMBERS FOR INDIVIDUAL REVIEW BEFORE THE RETURN IS SUBMITTED. FORM 990, PART VI, SECTION B, LINE 12C PFEIFFER UNIVERSITY REQUIRES ALL TRUSTEES TO COMPLETE A CONFLICT OF INTEREST FORM ANNUALLY, WHICH IS REVIEWED BY THE PRESIDENT'S OFFICE. IN THE EVENT OF A POTENTIAL CONFLICT DURING THE YEAR, THE INTERESTED PERSON SHALL RECUSE HIMSELF/HERSELF FROM DISCUSSIONS AND VOTE ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES OR FINANCE COMMITTEE ANNUALLY REVIEWS COMPARABLE EXTERNAL DATA AND BENCHMARKS, AS WELL AS PERFORMANCE IN DETERMINING APPROPRIATE COMPENSATION. THE DECISION IS DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS FORM 1023 AND FORM 990 AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR PERIOD.