2023-03-20T09:45:23-05:00 2022-06-30 570381582 ELLIOTT DAVIS LLCPLLC 500 EAST MOREHEAD STREET SUITE 700 CHARLOTTE NC 28202 990 2021-07-01 560529990 PFEIFFER UNIVERSITY PFEI 7044631360 PO BOX 960 MISENHEIMER NC 28109 DR SCOTT W BULLARD PRESIDENT 7044631360 2023-03-17 1 DR SCOTT W BULLARD 999009999 JANICE A RATICA P00358837 7043338881 2023-03-17 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z DR SCOTT W BULLARD PO BOX 960 MISENHEIMER NC 28109 47678172 0 X WWW.PFEIFFER.EDU X 1938 NC PFEIFFER UNIVERSITY IS A COMPREHENSIVE UNITED METHODIST-RELATED UNIVERSITY, WITH MULTIPLE CAMPUSES AND DELIVERY SYSTEMS, COMMITTED TO EDUCATIONAL EXCELLENCE, SERVICE, AND SCHOLARSHIP. WITHIN NURTURING COMMUNITIES OF LEARNERS, WE VALUE DIVERSITY AND PROMOTE THE ATTAINMENT OF FULL ACADEMIC AND PERSONAL POTENTIAL THROUGH ACCESSIBLE UNDERGRADUATE AND GRADUATE PROGRAMS. IT IS THE VISION OF THE UNIVERSITY THAT OUR STUDENTS EMBRACE THE CHRISTIAN VALUES OF HUMAN DIGNITY, INTEGRITY, AND SERVICE AND BECOME SERVANT LEADERS AND LIFELONG LEARNERS. 25 25 327 110 0 0 7348570 9705306 38049837 36233175 1737181 -1126454 309038 323683 47444626 45135710 13824154 13536029 0 0 14074972 14323116 0 0 589850 16373501 16306408 44272627 44165553 3171999 970157 68125278 68452369 42521959 41837323 25603319 26615046 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, SPIRITUALITY, AND SERVICE. 0 0 35290234 13536029 36239414 IN THE 2021-2022 ACADEMIC YEAR, THE FRANCIS CENTER FOR SERVANT LEADERSHIP AND FAITH FORMATION PARTICIPATED IN A TOTAL OF 1478 HOURS OF SERVICE. IN ADDITION, OTHER UNIVERSITY AREAS PARTICIPATED IN 1112 HOURS OF SERVICE. THEREFORE, THE TOTAL NUMBER OF HOURS EQUALS A TOTAL OF 2590 HOURS.HIGHLIGHTS FOR THE YEAR INCLUDE:STUDENTS WORKED ON WEEKLY SERVICE PROJECTS WITH HABITAT FOR HUMANITY. THIRTY STUDENTS PARTICIPATED IN THESE SMALL GROUP EVENTS OVER THE FALL AND SPRING. FRANCIS SCHOLARS AND OTHER STUDENTS WORKED WITH LOCAL CHURCHES TO PROVIDE FOOD FOR RICHFIELD ELEMENTARY SCHOOL STUDENTS THROUGH THE PROGRAM BACKPACK BUDDIES. PFEIFFER PROVIDES ON-CAMPUS BACKPACK BUDDY PROJECT FOR THE CAMPUS POPULATION TWO TIMES EACH SEMESTER. THE FRANCIS CENTER HAD 62 PARTICIPANTS IN BACKPACK BUDDIES IN THE FALL AND SPRING. STUDENT PARTICIPATED IN BI-WEEKLY SERVICE PROJECTS WITH STANLY COUNTY CHRISTIAN MINISTRIES IN ALBEMARLE. THIS YEAR THEY SPECIFICALLY WORKED WITH MAKING SENIOR MEALS. TWELVE STUDENTS PARTICIPATED IN THIS MINISTRY DURING THE FALL AND SPRING.THE FRANCIS CENTER ALSO WORKED WITH LOCAL CHURCHES TO PROVIDE A GOOD NEIGHBOR PANTRY IN PFEIFFER'S CHAPEL TO HELP FOOD-INSECURE STUDENTS GET WHAT THEY NEED WITHOUT JUDGMENT. FIVE CHURCHES PARTICIPATED IN THE SERVICE OPPORTUNITY TO HELP STUDENTS. THE FRANCIS CENTER ALSO HOSTED ON-CAMPUS PROJECT LINUS, AN OPPORTUNITY WHERE STUDENTS MADE BLANKETS FOR HOSPITALIZED CHILDREN TWO TIMES DURING THE SEMESTER WITH 54 PARTICIPANTS. IN ADDITION, STUDENTS WROTE LETTERS TO VETERANS AND THOSE IN THE NURSING HOME MULTIPLE TIMES EACH SEMESTER WITH 68 PARTICIPANTS. STUDENTS COLLABORATED WITH HELPING HAND MINISTRY ANNUALLY TO PROVIDE AN ANGEL TREE FOR RESIDENTS IN STANLY COUNTY. STUDENTS AIDED 20 FAMILIES IN THIS SERVICE PROJECT. OTHER AREAS OF CAMPUS ALSO PROVIDE SERVICE. FOR INSTANCE, ALL THE FIRST-YEAR SEMINARS DO A SERVICE PROJECT IN THE FALL SEMESTER. LAST YEAR, SERVICE PROJECTS INCLUDED WORKING WITH ANGEL TREE, THE HUMANE SOCIETY, AND CAMPUS CLEAN-UPS. 35290234 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 195 0 1 327 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 25 25 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 48380 US HWY 52 MISENHEIMER NC 28109 REV JULIANNE BRITTAIN TRUSTEE 1.00 X 0 0 0 MRS JANE S CRISCO TRUSTEE 1.00 X 0 0 0 MRS ANNE DANIEL TRUSTEE 1.00 X 0 0 0 MR ROGER L DICK TRUSTEE 1.00 X 0 0 0 MS DEBORAH L FRECH TRUSTEE 1.00 X 0 0 0 REV JOY T MELTON TRUSTEE 1.00 X 0 0 0 MR BENNY MERRELL TRUSTEE 1.00 X 0 0 0 MR DAVID B MILLER TRUSTEE 1.00 X 0 0 0 MR MATTHEW P MOELLER TRUSTEE 1.00 X 0 0 0 MR T RANN PAYNTER TRUSTEE 1.00 X 0 0 0 MR RUSSELL C RING TRUSTEE 1.00 X 0 0 0 MR MARSHALL C ROGERS TRUSTEE 1.00 X 0 0 0 MR ALBERT L ROSE TRUSTEE 1.00 X 0 0 0 MR JOSEPH R SCHORTZ CPA NJ TRUSTEE 1.00 X 0 0 0 MR ARCH Y STOKES TRUSTEE 1.00 X 0 0 0 MRS NATASHA SUBER TRUSTEE 1.00 X 0 0 0 MRS BONNIE N SUTHER TRUSTEE 1.00 X 0 0 0 THE REV DR TERRY V SWICEGOOD TRUSTEE 1.00 X 0 0 0 MR RICK THAMES TRUSTEE 1.00 X 0 0 0 REV DR LAURA H AUTEN EX-OFFICIO 1.00 X 0 0 0 MR DAVID L BELL EX-OFFICIO 1.00 X 0 0 0 MR GRADY L GASTON EX-OFFICIO 1.00 X 0 0 0 BISHOP KENNETH H CARTER JR EX-OFFICIO 1.00 X 0 0 0 MS NANCY REIGEL EX-OFFICIO 1.00 X 0 0 0 DR TED ROYSTON EX-OFFICIO, NON-VOTING 1.00 X 0 0 0 MS JOANIE STROHM EX-OFFICIO 1.00 X 0 0 0 DR SCOTT BULLARD PRESIDENT 40.00 X 236278 0 11347 ROBIN LESLIE SENIOR VP OF FINANCE AND CFO 40.00 X 141774 0 6276 EMILY CARELLA VP FOR ENROLLMMENT MANAGEMENT 40.00 X 107639 0 9041 ELIZABETH FAIN OT PROGRAM DIRECTOR 40.00 X 126344 0 6276 CHRISTOPHER BOE PROF OF ELEMENTARY EDUC & DEAN OF GRADUATE SCHOOL 40.00 X 118421 0 6179 730456 0 39119 5 1 1 0 SODEXO FOOD SERVICE INC PO BOX 960 MISENHEIMER NC 28109 FOOD SERVICES 1914498 SODEXO INC & AFFILIATES PO BOX 536922 ATLANTA GA 303536922 MAINTENANCE SERVICES 1251041 JENZABAR 101 HUNTINGTON AVE SUITE 2205 BOSTON MA 02199 SOFTWARE/IT 499529 GALLAHER MGMT GROUP 270 LIVE OAK DR NEWPORT NC 28570 CONSTRUCTION 281457 DIGITAL TULIP 2328 ABBYWOOD RD LEXINGTON KY 40515 ADVERTISING 281010 13 8800 2896175 6800331 2407063 9705306 TUITION 611310 28587964 28587964 DORMITORY FEES 611310 2833726 2833726 OTHER PROGRAM SERVICES 611310 2470116 2470116 FOOD SERVICES 611310 2341369 2341369 36233175 161371 161371 304255 0 304255 304255 304255 1101155 134816 2365952 157844 -1264797 -23028 -1287825 -1287825 31855 8800 18666 13189 13189 4318 0 4318 4318 MISCELLANEOUS REVENUE 611310 1921 1921 1921 45135710 36239414 0 -809010 X 13536029 13536029 512355 435804 61307 15244 11584896 9853998 1386225 344673 1375141 1104263 229624 41254 850724 726764 77170 46790 53546 53546 5427210 3952992 1379703 94515 351394 4470 337352 9572 283083 176572 97854 8657 1121887 950297 169898 1692 2097592 1619620 477972 417734 370810 43628 3296 64871 53998 9009 1864 789486 448079 341407 2931884 1654462 1277422 339932 51143 288789 STUDENT BOARD 1780107 0 1780107 0 MEMBERSHIPS 231412 173844 57392 176 SPECIAL EVENTS 179867 162939 6779 10149 BAD DEBT EXPENSE 26000 0 26000 0 210403 14150 184285 11968 44165553 35290234 8285469 589850 7075172 6460125 8425495 8475153 2499032 2976886 404045 387067 115205 174865 29745 29745 61163 1079392 76127064 35733192 40494180 40393872 8542387 8023967 30641 28620 448213 422677 68125278 68452369 1804398 2203840 1573395 1914450 37551727 36672094 1592439 1046939 42521959 41837323 X 4414398 5603400 21188921 21011646 25603319 26615046 68125278 68452369 X 970157 28986 12584 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 16324708 665231 -1138430 15851509 14198030 407810 1718868 16324708 14183026 735638 396137 1116771 14198030 15252892 532240 670616 2272722 14183026 15798327 1148377 1239188 2933000 15252892 0.00517 0.99483 0.00000 0 0 3417937 3417937 56054259 25229997 30824262 16569384 10503055 6066329 85484 140 85344 40393872 SETTLEMENT LIABILITY 675004 ANNUITIES PAYABLE 9813 ADVANCES FROM FEDERAL GOVERNMENT 362122 1046939 X 31606370 28986 31249 60235 31546135 53546 13536029 13589575 45135710 30594643 18665 18665 30575978 53546 13536029 13589575 44165553 PART III, LINE 4: FRAMED ORIGINAL PHOTOGRAPH OF DR. MARTIN LUTHER KING, JR. AND DR. VERNON MACK HERRON. THE MARCH FROM SELMA TO MONTGOMERY, AL 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, 2022 AND 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE NETTED AGAINST REVENUE 18,665. CHANGE IN ANNUITY VALUATION 1,096. CHANGE IN CSV 11,488. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 13,536,029. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE NETTED AGAINST REVENUE 18,665. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 13,536,029. 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, FEDERAL PERKINS LOAN PROGRAM. EXPENDITURES OF STATE AWARDS NC NEED-BASED SCHOLARSHIP PROGRAM, NC FORGIVEABLE EDUCATION LOANS FOR SERVICE, GOLDEN LEAF SCHOLARS PROGRAM. GOLF TOURNAMENT 40655 8800 31855 4810 12500 1004 352 40655 8800 31855 4810 12500 1004 352 18666 13189 1 SCHOLARSHIPS 804 13536029 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 DR SCOTT BULLARD PRESIDENT 236278 0 0 0 0 0 0 0 11347 0 247625 0 0 0 X 11 273295 FMV X 1 2130000 TAX RECORD X MISCELLANEOUS 2 3067 FMV X SPORTS EQUIPMENT 3 700 COST 0 0 1 1 PART I, LINE 32B: PFEIFFER UNIVERSITY CONTRACTS WITH AN ONLINE AUCTION COMPANY FOR ASSISTANCE WITH THE ANNUAL HOMECOMING AUCTION. THE COMPANY PROVIDES A SPECIFIC WEB ADDRESS WHERE CONSTITUENTS CAN BID ONLINE AND PROVIDE MAXIMUM BIDS PRIOR TO THE LIVE AUCTION AT HOMECOMING. 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. THE FINANCE COMMITTEE WILL REVIEW IN DETAIL AT A SCHEDULED MEETING PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C PFEIFFER UNIVERSITY REQUIRES ALL TRUSTEES TO COMPLETE A CONFLICTS 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 IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 83,407. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 83,407. CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 3,952,992. MANAGEMENT AND GENERAL EXPENSES 1,296,296. FUNDRAISING EXPENSES 94,515. TOTAL EXPENSES 5,343,803. FORM 990, PART XI, LINE 9: CHANGE IN ANNUITY VALUATION 1,096. CHANGE IN CSV 11,488. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR PERIOD.