2025-05-22T10:15:29-05:00 2024-06-30 440160260 FORVIS MAZARS LLP 255 S ORANGE AVENUE SUITE 600 ORLANDO FL 32801 990 2023-07-01 590704726 BETHUNE-COOKMAN UNIVERSITY BETH 3864812042 640 DR MARY MCLEOD BETHUNE BLVD DAYTONA BEACH FL 32114 JAMES CLEVELAND VP OF FISCAL AFFAIRS/CFO 3864812042 2025-05-09 1 1 KURT A ALTER P00059492 4077405400 2025-05-09 2023 2025-03-06 01:10:19Z DR WILLIAM BERRY 640 DR MARY MCLEOD BETHUNE BLVD DAYTONA BEACH FL 32114 107925485 0 X WWW.COOKMAN.EDU X 1904 FL TO SERVE THE EDUCATIONAL, SOCIAL, AND CULTURAL NEEDS OF ITS STUDENTS. 10 10 1007 13 0 0 32265296 36320269 65797637 62110899 4118301 1745701 40790 25355 102222024 100202224 17641196 16947382 0 0 37889145 38509857 0 0 1762616 46696044 49479322 102226385 104936561 -4361 -4734337 231294562 227841850 103564021 99896282 127730541 127945568 X THE MISSION OF BETHUNE-COOKMAN UNIVERSITY IS TO EDUCATE A DIVERSE COMMUNITY OF LEARNERS TO BECOME RESPONSIBLE, PRODUCTIVE CITIZENS AND SOLUTION SEEKERS THROUGH THE PROMOTION OF FAITH, SCHOLARSHIP, CREATIVE ENDEAVORS, LEADERSHIP AND SERVICE. 0 0 35288781 36607120 INSTRUCTION: BETHUNE-COOKMAN UNIVERSITY HAS FOUR ACADEMIC COLLEGES: BUSINESS & ENTREPRENEURSHIP; ARTS AND HUMANITIES; NURSING AND HEALTH SCIENCES; SCIENCE, ENGINEERING & MATHEMATICS TO AWARD BACHELOR'S AND MASTER'S DEGREES. 16947382 16947382 STUDENT AID: GRANTS AND SCHOLARSHIPS WERE PROVIDED TO STUDENTS BASED ON ACADEMIC AND ATHLETIC ACHIEVEMENT, AND FINANCIAL NEED. THE UNIVERSITY ALSO PARTICIPATES IN VARIOUS FEDERAL AND STATE PROGRAMS OFFERING FINANCIAL AID TO STUDENTS. 26925781 24104162 AUXILIARY SERVICES: THROUGH ITS FOOD SERVICES DEPARTMENT, MEAL PLANS ARE PROVIDED FOR STUDENTS LIVING ON CAMPUS. A CAFETERIA, IN ADDITION TO A STARBUCKS CAFE AND WORLD OF WINGS ARE ALSO AVAILABLE FOR OFF-CAMPUS STUDENTS, FACULTY AND VISITORS. VARIOUS ATHLETIC PROGRAMS ARE ALSO OFFERED FOR STUDENTS. THE UNIVERSITY ALSO MAINTAINS SEVEN RESIDENCE HALLS THAT PROVIDE FULL LIVING FACILITIES FOR APPROXIMATELY 1,800 STUDENTS. ALL RESIDENCE HALLS ARE CONNECTED TO THE INTERNET. THE BOOKSTORE OFFERS TEXTBOOKS AND OTHER SUPPLIES FOR THE STUDENTS. 8616010 1394076 STUDENT SERVICES: STUDENTS ARE INVOLVED IN A VARIETY OF CULTURAL AND SOCIAL PROGRAMS TO ENRICH THEIR EDUCATIONAL EXPERIENCES. SUPPORT FOR STUDENTS WITH LEARNING AND PHYSICAL DISABILITIES ARE ALSO PROVIDED. VARIOUS COMPUTER LABS AND A 24-HOUR LIBRARY ARE OPEN TO ALL STUDENTS TO SUPPORT THEIR EDUCATIONAL EXPERIENCE. BETHUNE-COOKMAN UNIVERSITY ALSO HAS A ROTC OFFICE AVAILABLE TO STUDENTS. 8616010 1394076 87777954 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 1 1007 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X JAMES CLEVELAND 3864812042 640 DR MARY MCLEOD BETHUNE BLVD DAYTONA BEACH FL 32114 BELVIN PERRY JR ESQUIRE CHAIRMAN 1.00 X X 0 0 0 JOYOURS PETE GAMBLE VICE CHAIR 1.00 X X 0 0 0 JENNIFER ADAMS SECRETARY 1.00 X X 0 0 0 JEFFREY E BRANCH TRUSTEE 1.00 X 0 0 0 DEVERON GIBBONS TRUSTEE 1.00 X 0 0 0 DAVID BREWER TRUSTEE 1.00 X 0 0 0 LORENZO BROWN TRUSTEE 1.00 X 0 0 0 JOHN CROSSMAN TRUSTEE 1.00 X 0 0 0 COURTNEY RHODES TRUSTEE 1.00 X 0 0 0 JOHN A WILLIAMS TRUSTEE 1.00 X 0 0 0 DR WILLIAM BERRY ACTING PRESIDENT/SR. VP 40.00 X 306873 0 0 JAMES A CLEVELAND CHIEF INVESTMENT OFFICER/VP OF FISCAL AFFAIRS 40.00 X 175000 0 18000 REGINALD THEUS ATHLETICS DIRECTOR/HEAD BASKETBALL COACH 40.00 X 535000 0 0 DR DAWN L EASTMOND DEAN 40.00 X 260616 0 22144 RAYMOND WOODIE HEAD FOOTBALL COACH 40.00 X 220137 0 19693 DR JAN A BOULWARE DEAN 40.00 X 206438 0 35053 DR NARENDRA A PATEL SENIOR ADVISOR TO THE PRESIDENT 40.00 X 157421 0 30000 DONOVAN V WELLS BAND DIRECTOR 40.00 X 159852 0 36190 JOHN C PITTMAN CFO/VP BUSINESS AFFAIRS (END. 07/22) 40.00 X 220000 0 0 DR LAWRENCE DRAKE INTERIM PRESIDENT (END. 05/23) 40.00 X 185011 0 17288 ANTHONY JONES VP OF ENROLLMENT MANAGEMENT (END. 05/24) 40.00 X 196484 0 28869 2622832 0 207237 35 1 1 0 SODEXO INC & AFFILIATES PO BOX 536922 ATLANTA GA 30353 FOOD SERVICE AND MAINTENANCE 12772351 ARCHITEKTONS LLC PO BOX 621432-1432 OVIEDO FL 32765 CONSTRUCTION/BUILDING IMPROVEMENT 1908904 CONSTRUCT TWO GROUP 254 SOUTH ORTMAN DR ORLANDO FL 32811 CONSTRUCTION/BUILDING IMPROVEMENT/MGMT 1650969 JENZABAR PO BOX 845588 BOSTON MA 02284 ERP SOFTWARE 861039 AG PIFER CONSTRUCTION CO INC 3629 OLD DELAND ROAD DAYTONA BEACH FL 32124 CONSTRUCTION/BUILDING IMPROVEMENT 816094 40 28847129 7473140 36320269 TUITION & FEES 611710 36607120 36607120 AUXILIARY ENTERPRISES 611710 24104162 24104162 OTHER PROGRAM SERVICE REVENUE 611710 1399617 1368721 30896 62110899 944958 944958 25355 0 25355 25355 25355 8524004 7494192 229069 1029812 -229069 800743 800743 100202224 62105358 0 1776597 16947382 16947382 1682525 760353 922172 31403726 26412287 4258211 733228 216489 120125 81415 14949 2990461 2215555 767250 7656 2216656 1640325 554164 22167 1172670 69685 1100645 2340 362299 34440 327859 11041 11041 6025942 3842283 1655639 528020 498455 186196 23145 289114 4359942 2907938 1413261 38743 3899409 1433996 2419223 46190 14883838 14573216 310622 3409146 3241010 122886 45250 2170680 1737784 432896 5689517 4770398 919119 STUDENT FOOD SERVICE 6996383 6884981 76443 34959 104936561 87777954 15395991 1762616 13354261 15899745 16118785 10598072 1805032 1727309 335839 378413 247302756 104235128 141310922 143067628 44222687 41136933 14147036 15033750 231294562 227841850 7796213 3942981 3036150 1769801 90306616 92617761 2425042 1565739 103564021 99896282 X 95492739 92998483 32237802 34947085 127730541 127945568 231294562 227841850 -4734337 4949364 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 36303752 240957 4339577 -237587 11041 41110832 33794414 103604 2527384 92958 28692 36303752 34996645 418469 -1143507 418469 58724 33794414 28200894 484386 6871769 481654 78750 34996645 28892137 421039 -884214 72510 155558 28200894 0.18000 0.82000 0 0 8089436 8089436 212045941 83360623 128685318 26755423 20874505 5880918 411956 411956 143067628 EQUITY INDEX FUND 24505842 F SHORT-TERM INVESTMENT FUNDS 10413412 F HIGH QUALITY BOND FUND 6191577 F LOAN DUE FROM FUM FOUNDATION 26102 F 41136933 OTHER ASSETS 10545 ESCROWS AND SINKING FUNDS 13092868 BENEFICIARY INTEREST IN TRUSTS 419641 OPERATING LEASE RIGHT OF USE ASSETS 1510696 15033750 STUDENT DEPOSITS 27475 DEPOSITS 27568 OPERATING LEASE RIGHT OF USE LIABILITIES 1510696 1565739 X 88204206 4949364 -16947382 -11998018 100202224 0 100202224 87989179 0 87989179 16947382 16947382 104936561 PART V, LINE 4: THE UNIVERSITY'S ENDOWED ASSETS CONSIST OF APPROXIMATELY 190 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES SUCH AS ACQUISITION AND MAINTENANCE OF BUILDING AND EQUIPMENT, STUDENT AID, AND OTHER EDUCATIONAL AND GENERAL OPERATIONS. THE ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. PART X, LINE 2: THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE UNIVERSITY MAY, FROM TIME TO TIME, ENGAGE IN ACTIVITIES SUBJECT TO UNRELATED BUSINESS INCOME TAX. HOWEVER, TAXES ON UNRELATED BUSINESS ACTIVITIES HAVE NOT BEEN MATERIAL TO THE FINANCIAL STATEMENTS. ACCORDINGLY, NO PROVISION OR LIABILITY FOR INCOME TAXES IS INCLUDED IN THE FINANCIAL STATEMENTS. FURTHERMORE, THE UNIVERSITY'S ADMINISTRATION HAS CONCLUDED THAT THERE ARE NO UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN ITS FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCE -16,947,382. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCE 16,947,382. 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 POLICY IS LISTED IN ADMISSIONS PACKETS AND THE COLLEGE CATALOG AS WELL AS STUDENT/FACULTY HANDBOOKS. SCHEDULE E, PART I, LINE 6 THE COLLEGE PARTICIPATES IN NUMEROUS FEDERAL AND STATE PROGRAMS AS LISTED BELOW. THESE PROGRAMS ARE AUDITED ANNUALLY IN ACCORDANCE WITH RELATED REGULATIONS. FEDERAL PROGRAMS: U.S. DEPARTMENT OF EDUCATION CORPORATION FOR NATIONAL & COMMUNITY SERVICE (AMERICORPS) NATIONAL SCIENCE FOUNDATION U.S. DEPARTMENT OF COMMERCE STATE PROGRAMS: FLORIDA DEPARTMENT OF EDUCATION FLORIDA DEPARTMENT OF HIGHWAY SAFETY AND MOTOR VEHICLES FLORIDA DEPARTMENT OF HEALTH FLORIDA DEPARTMENT OF STATE DIVISION OF HISTORICAL RESOURCES 1 SCHOLARSHIPS FOR ACADEMIC, ATHLETIC AND FINANCIAL NEED 2609 16947382 PART I, LINE 2: GRANTS AWARDED ARE PART OF AN OVERALL SCHOLARSHIP PROGRAM IN WHICH CRITERIA AND AMOUNTS AWARDED ARE RECORDED BY GRANTEE. X X 1 0 0 0 0 0 0 0 0 REGINALD THEUS ATHLETICS DIRECTOR/HEAD BASKETBALL C 400000 0 135000 0 0 0 0 0 0 0 535000 0 0 0 DR WILLIAM BERRY ACTING PRESIDENT/SR. VP 306873 0 0 0 0 0 0 0 0 0 306873 0 0 0 DR DAWN L EASTMOND DEAN 260616 0 0 0 0 0 0 0 22144 0 282760 0 0 0 DR JAN A BOULWARE DEAN 206438 0 0 0 0 0 0 0 35053 0 241491 0 0 0 RAYMOND WOODIE HEAD FOOTBALL COACH 220137 0 0 0 0 0 0 0 19693 0 239830 0 0 0 ANTHONY JONES VP OF ENROLLMENT MANAGEMENT (END. 05 196484 0 0 0 0 0 0 0 28869 0 225353 0 0 0 JOHN C PITTMAN CFO/VP BUSINESS AFFAIRS (END. 07/22) 220000 0 0 0 0 0 0 0 0 0 220000 0 0 0 DR LAWRENCE DRAKE INTERIM PRESIDENT (END. 05/23) 185011 0 0 0 0 0 0 0 17288 0 202299 0 0 0 DONOVAN V WELLS BAND DIRECTOR 159852 0 0 0 0 0 0 0 36190 0 196042 0 0 0 JAMES A CLEVELAND CHIEF INVESTMENT OFFICER/VP OF FISCA 175000 0 0 0 0 0 0 0 18000 0 193000 0 0 0 DR NARENDRA A PATEL SENIOR ADVISOR TO THE PRESIDENT 157421 0 0 0 0 0 0 0 30000 0 187421 0 0 0 PART I, LINE 4A DURING THE YEAR, THE FOLLOWING INDIVIDUALS RECEIVED SEVERANCE PAYMENTS PURSUANT TO BETHUNE-COOKMAN UNIVERSITY POLICIES AND PROCEDURES: - JOHN PITTMAN - $220,000 X 1 497601 MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS MADE AVAILABLE TO SELECT MEMBERS OF THE FINANCE COMMITTEE BEFORE FILING AND AFTER A COMPREHENSIVE REVIEW BY THE ACCOUNTING OFFICE, THE CONTROLLER AND THE CFO. A COPY OF THE RETURN, AS ULTIMATELY FILED, IS MAINTAINED BY THE CHIEF FINANCIAL OFFICER AND IS AVAILABLE FOR INSPECTION BY BOARD MEMBERS UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C EVERY YEAR ALL BOARD MEMBERS ARE REQUIRED TO REAFFIRM IN WRITING THEIR COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY AND TO REPORT ANY POTENTIAL CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES DETERMINES COMPENSATION FOR THE PRESIDENT AND OTHER TOP MANAGEMENT BASED ON PERFORMANCE AND COMPARABLE DATA OBTAINED FROM INSTITUTIONS OF COMPARABLE SIZE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE ON SUNBIZ.ORG. FINANCIAL STATEMENTS ARE AVAILABLE BY REQUEST. FORM 990, PART XII, LINE 2C OVERSIGHT OF AUDIT AND SELECTION OF INDEPENDENT ACCOUNTANT: THE RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT IS ASSUMED BY THE FINANCE COMMITTEE.