2023-05-12T13:18:29-05:00 2022-06-30 410746749 CLIFTONLARSONALLEN LLP 420 SOUTH ORANGE AVENUE SUITE 500 ORLANDO FL 32801 990 2021-07-01 580566212 PIEDMONT UNIVERSITY INC PIED 7067783000 PO BOX 10 DEMOREST GA 30535 MARSHALL CRISER PRESIDENT 7067783000 2023-05-10 1 MARSHALL CRISER 999009999 SARAH HINTZ P00492291 4078021200 2023-05-05 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z MARSHALL CRISER PO BOX 10 DEMOREST GA 30535 213953487 0 X WWW.PIEDMONT.EDU X 1897 GA PIEDMONT UNIVERSITY IS A PRIVATE, NON-PROFIT COMPREHENSIVE LIBERAL ARTS INSTITUTION. 32 32 932 67 0 0 3641196 6999154 51816325 47802136 1178836 7238052 153598 8657 56789955 62047999 14644254 14100495 0 0 25499571 26581773 0 0 1829633 16801044 21653161 56944869 62335429 -154914 -287430 159118905 151549246 29959502 35177170 129159403 116372076 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 31223499 14100495 40135895 TUITION AND FEES - INSTRUCTIONAL PROGRAMS SUPPORT STUDENTS TO ACHIEVE THEIR BACHELOR'S, MASTER'S, AND DOCTORATE LEVEL OF DEGREES. 10718076 7318035 STUDENT SERVICES - SERVICES PROVIDED BENEFITING STUDENTS INCLUDING FOOD SERVICE, RESIDENCE HALLS, AND FITNESS CENTER. 8090635 348206 OTHER ACTIVITIES - ACTIVITIES IN THE SUPPORT OF THE ORGANIZATION SUCH AS VARIOUS SPORTS AND THEATRE CAMPS, FOUNDATION SUPPORT, AND DEPOSITS. 50032210 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 3013 0 1 932 1 0 0 0 0 0 0 0 0 0 0 0 0 X 32 32 0 0 1 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 BEGINNING 4/22/22 1.00 X X 0 0 0 STEWART SWANSON SECRETARY THRU 4/21/2022 1.00 X X 0 0 0 SANDY BORROW TRUSTEE 1.00 X 0 0 0 DR MARTHA CANTRELL TRUSTEE 1.00 X 0 0 0 DENNIS CATHEY TRUSTEE 1.00 X 0 0 0 SANDRA DEAL 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 JANE HIGDON-BALLARD 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 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 SIERRA NICHOLSON 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 DIONNE ROSSER-MIMS 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 DR JAMES MELLICHAMP PRESIDENT 40.00 X 355511 0 41676 BRANT WRIGHT SR. VP OF FINANCE & ADMIN. 40.00 X 215345 0 35732 DR DANIEL SILBER SR. VP FOR ACADEMIC AFFAIRS 40.00 X 198671 0 44330 KENNETH ROGERS VP, ADVANCEMENT 40.00 X 179805 0 45206 DR PERRY RETTIG PROFESSOR 40.00 X 168269 0 27663 KRISTI WILLIAMS ASSOC. VP FINANCE/CONTROLLER 40.00 X 145310 0 43075 DR JULIA BEHR DEAN, SCHOOL OF NURSING & SCIENCES 40.00 X 142519 0 8523 DR SHAHRYAR HEYDARI PROFESSOR, MATHEMATICS 40.00 X 137239 0 42399 DR STEVE NIMMO DEAN, ARTS & SCIENCES 40.00 X 135441 0 32820 1678110 0 321424 17 0 1 0 ELLUCIAN COMPANY LP 2003 EDMUND HADLEY DRIVE SUITE 500 RESTON VA 20191 IT SERVICES 2783310 LAW OFFICE OF PATRICK MCKEE LLC 19 SPRING STREET NEWNAN GA 30263 LEGAL 193900 LAYER3 COMMUNICATIONS LLC 1450 OAKBROOK DR 900 NORCROSS GA 30093 FIREWALL AND IT SERVICES 155720 GREENWOODASHER & ASSOCIATES LLC 42 BUSINESS CENTRE DR SUITE 206 MIRAMAR BEACH FL 32550 PRESIDENTIAL SEARCH 113205 CLIFTON LARSON ALLEN LLP 220 S 6TH ST STE 300 MINNEAPOLIS MN 55402 ACCOUNTING SERVICES 106253 7 4895242 2103912 838 6999154 TUITION AND FEES 611310 40135895 40135895 ROOM AND BOARD 611710 7274123 7274123 OTHER PROGRAM INCOME 900099 310151 310151 CAMPUS BOOKSTORE 451211 43912 43912 SUMMER CAMP 900099 38055 38055 47802136 956141 956141 1217 1217 7440 0 7440 7440 7440 157625892 561507 151734417 171071 5891475 390436 6281911 6281911 62047999 47802136 0 7246709 14100495 14100495 1153129 130545 712481 310103 19905602 18292606 961258 651738 850029 762762 46595 40672 3187044 2800511 215246 171287 1485969 1309603 111215 65151 548196 548196 74831 74831 137176 137176 3697206 3034931 349765 312510 393559 211978 51507 130074 1075288 772497 202048 100743 4310096 288039 4003129 18928 3120657 1717290 1403367 1132951 1107907 21106 3938 99344 97768 1307 269 597819 529309 66358 2152 3772664 3340316 418766 13582 471288 9237 462051 WORK STUDY 678714 659940 10288 8486 EDUCATION EXPENSES 650071 650071 OTHER OPERATIONAL EXPEN 523417 523417 DUES AND SUBSCRIPTION 196604 108912 87692 173280 107493 65787 62335429 50032210 10473586 1829633 8171643 6025535 10690106 3281890 182600 173500 1222174 1031166 588178 241963 142058526 52607200 85201731 89451326 50779490 47104196 106629 106629 2176354 4133041 159118905 151549246 2203720 3331232 4339640 3062693 17709065 23534971 5125240 4904676 581837 343598 29959502 35177170 X 113744169 102068286 15415234 14303790 129159403 116372076 159118905 151549246 X -287430 -12682811 182914 X 0 1 X 1 1 1 X 7395710 3537292 3349573 3641196 6999154 24922925 7395710 3537292 3349573 3641196 6999154 24922925 4094158 20828767 368497 1968892 1402547 3207342 964798 7912076 2234675 2234675 35069676 0.59390 0.50550 X 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 54955833 573059 -11236080 722350 43570462 51579957 538876 3315939 478939 54955833 53825471 279070 -1838151 686433 51579957 53039246 343104 1194649 751528 53825471 51949298 649965 3514853 3074870 53039246 0.75109 0.21949 0.02942 0 0 15073573 15073573 101373676 31819816 69553860 10767471 7133723 3633748 13483305 12046658 1436647 1360501 1607003 -246502 89451326 ANNUITIES PAYABLE 343598 343598 X 35336096 -12682811 24665 -13916581 -26574727 61910823 137176 137176 62047999 48123423 24665 1000 25665 48097758 137176 14100495 14237671 62335429 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 -14,100,495. CHANGE IN THE VALUE OF GIFT ANNUITY TRUSTS 183,914. PART XII, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT EXPENSE 1,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID, SCHOLARSHIPS AND FEES 14,100,495. 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 1261 14100495 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 355511 0 0 0 0 0 17400 0 24276 0 397187 0 0 0 BRANT WRIGHT SR. VP OF FINANCE & ADMIN. 215345 0 0 0 0 0 13288 0 22444 0 251077 0 0 0 DR DANIEL SILBER SR. VP FOR ACADEMIC AFFAIRS 198671 0 0 0 0 0 10197 0 34133 0 243001 0 0 0 KENNETH ROGERS VP, ADVANCEMENT 179805 0 0 0 0 0 11073 0 34133 0 225011 0 0 0 DR PERRY RETTIG PROFESSOR 168269 0 0 0 0 0 4289 0 23374 0 195932 0 0 0 KRISTI WILLIAMS ASSOC. VP FINANCE/CONTROLLER 145310 0 0 0 0 0 9033 0 34042 0 188385 0 0 0 DR SHAHRYAR HEYDARI PROFESSOR, MATHEMATICS 137239 0 0 0 0 0 8266 0 34133 0 179638 0 0 0 DR STEVE NIMMO DEAN, ARTS & SCIENCES 135441 0 0 0 0 0 8544 0 24276 0 168261 0 0 0 DR JULIA BEHR DEAN, SCHOOL OF NURSING & SCIENCES 142519 0 0 0 0 0 8523 0 0 0 151042 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 4150021 10000000 10000000 2013 0 0 0 1 B 2252052 8000000 68685 7931315 2014 0 0 0 1 C 457657 2485000 46600 2438400 1 0 0 1 D 369068 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 A, LINE 4 THE BOARD APPROVED THE FOLLOWING BY-LAW CHANGES IN OCTOBER 2021: 1. INCREASE THE NUMBER OF FINANCE COMMITTEE MEMBERS FROM 5 TO 7. 2. ALLOW FOR FULL BOARD CONSENT TO TAKE PLACE THROUGH EMAIL INSTEAD OF BY MAIL. 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, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN LIABILITY ANNUITY 182,914.