2022-04-12T15:01:43-05:00 2021-05-31 560570567 D M J & CO PLLC 703 GREEN VALLEY ROAD SUITE 201 GREENSBORO NC 27408 990 2020-06-01 560529982 GUILFORD COLLEGE GUIL 3363162000 5800 W FRIENDLY AVENUE GREENSBORO NC 27410 JOHN WILKINSON CFO 3363162000 2022-04-12 1 JOHN WILKINSON 999009999 AMY B THABET CPA P01243405 3362759886 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z JOHN WILKINSON 5800 WEST FRIENDLY AVENUE GREENSBORO NC 27410 60421551 0 X WWW.GUILFORD.EDU X 1834 NC EDUCATIONAL PROGRAM LEADING TO A DEGREE 20 20 909 0 0 0 14125369 16763232 29477466 31749922 2929636 10093758 874377 82056 47406848 58688968 6866525 7522262 0 0 23638421 19297193 0 0 1354752 22494378 19367139 52999324 46186594 -5592476 12502374 209766043 229874965 91157673 86060190 118608370 143814775 X TO PROVIDE A TRANSFORMATIVE, PRACTICAL, AND EXCELLENT LIBERAL ARTS EDUCATION THAT PRODUCES CRITICAL THINKERS IN AN INCLUSIVE, DIVERSE ENVIRONMENT, GUIDED BY QUAKER TESTIMONIES OF COMMUNITY, EQUALITY, INTEGRITY, PEACE, AND SIMPLICITY AND EMPHASIZING THE CREATIVE PROBLEM SOLVING SKILLS, EXPERIENCE, ENTHUSIASM AND INTERNATIONAL PERSPECTIVES NECESSARY TO PROMOTE POSITIVE CHANGE IN THE WORLD. 0 0 33975228 7522262 40554312 PROVIDED EDUCATIONAL OPPORTUNITIES FOR 1420 STUDENTS AT THE UNDERGRADUATE LEVEL 33975228 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 1 1 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 1 193 0 1 909 0 0 0 0 0 0 0 0 0 0 0 0 0 X 20 20 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X GUILFORD COLLEGE 3363162132 5800 W FRIENDLY AVENUE GREENSBORO NC 27410 TERESA L GRAEDON TRUSTEE 2.00 X 0 0 0 SHANNON CRAIGO-SNELL TRUSTEE 2.00 X 0 0 0 GILBERT D BAILEY TRUSTEE 2.00 X 0 0 0 CHARLOTTE M ROBERTS TRUSTEE 2.00 X 0 0 0 AUGUSTUS L DAVIS III TRUSTEE 2.00 X 0 0 0 R HARRISON HICKMAN TRUSTEE 2.00 X 0 0 0 EDWARD C WINSLOW III CHAIR 2.00 X X 0 0 0 IONE L TAYLOR VICE-CHAIR 2.00 X 0 0 0 KYLE KISER TRUSTEE 2.00 X 0 0 0 JUDITH WEGNER TRUSTEE 2.00 X 0 0 0 DANIEL D MOSCA SECRETARY 2.00 X 0 0 0 CARLA BRENNER TRUSTEE 2.00 X 0 0 0 BRIAN LOWITT TRUSTEE 2.00 X X 0 0 0 BETH VOLTZ TRUSTEE 2.00 X 0 0 0 FREDERICK H TAYLOR JR TREASURER 2.00 X X 0 0 0 D VICTOR COCHRAN III TRUSTEE 2.00 X 0 0 0 DAVID HOPKINS TRUSTEE 2.00 X 0 0 0 JOHNNY C WOOD TRUSTEE 2.00 X 0 0 0 SUZANNE WHITMEYER TRUSTEE 2.00 X 0 0 0 FRANK BOYD VP ACADEMIC AFFAIRS & ACAD 40.00 X 169007 0 15689 ARA SERJOIE VP ADVANCEMENT 40.00 X 180492 0 15411 WESS DANIELS W R ROGERS DIRECTOR OF FRI 40.00 X 0 0 0 GLORIA THORNTON DIRECTOR OF IT&S 40.00 X 102304 0 6615 ROGER DEGERMAN VP FOR MARKETING 40.00 X 153692 0 17721 BROOKS T RAIFORD TRUSTEE 2.00 X 0 0 0 LEN SIPPEL VP OF ADMINISTRATION AND F 40.00 X 158539 0 14449 CAROL MOORE INTERIM PRESIDENT 40.00 X 113454 0 82 JAMES M WILSON ASSOCIATE VP FOR FINANCE 40.00 X 112969 0 16502 BENJAMIN DURANT CFO AND VP OF ADMINISTRATION 40.00 X 190883 0 7277 JARRETT STULL ASSOCIATE VP OF PHILANTHROPY 40.00 X 111831 0 6139 ERIN DELL SENIOR POLICY ADVISOR 40.00 X 145120 0 13578 BARBARA LAWRENCE VP DIVERSITY,EQUITY,INCLUS 40.00 X 206308 0 15544 RAYMOND BUCKNER ASSOC VP ALUMNI/CONSTIT RE 40.00 X 114412 0 14971 1759011 0 143978 12 0 1 0 MERIWETHER GODSEY 4944 OLD BOONSBORO ROAD LYNCHBURG VA 24503 DINING SERVICES 2392882 WFF FACILITY SERVICES PO BOX 958204 ST LOUIS MO 63195 CUSTODIAL SERVICES 896035 FIRST RISK ADVISORS 67 W COURT STREET DOYLESTOWN PA 18901 STUDENT HEALTH INSURANCE 477815 ELLUCIAN SUPPORT INC 4375 FAIR LAKES COURT FAIRFAX VA 22033 SOFTWARE MAINTENANCE AGREEMENTS 350842 FOX ROTHSCHILD LLP 2 W WASHINGTON STREET SUITE 1100 GREENVILLE SC 29601 LEGAL SERVICES 336502 5 9588588 7174644 1255179 16763232 TUITION & FEES 900099 17594999 17594999 ROOM & BOARD 900099 7994449 7994449 OTHER EDUCATIONAL FEES 900099 6160474 6160474 31749922 1289368 1289368 72706 28428 44278 44278 44278 10508545 1704155 8804390 8804390 8804390 22226 0 22226 22226 STUDENT AUXILARY SERVICES INCOME 900099 15552 15552 15552 58688968 40554312 0 1371424 7522262 7522262 1920409 1920409 13258632 10766500 1776605 715527 961175 961175 2014399 1749808 92282 172309 1142578 1016894 68555 57129 353237 706 352531 86361 86361 64361 23794 39171 1396 1389671 512130 859844 17697 1196391 1196391 148198 125594 22443 161 3420713 2716045 567840 136828 4601138 4472305 96625 32208 CONTRACT SERVICES 4681326 1521266 2972453 187607 FOOD SERVICE 2289475 2282216 4932 2327 OTHER ADMINISTRATIVE CO 467138 467138 PRINTING AND PUBLICATIO 169819 149601 -7015 27233 499311 154932 340049 4330 46186594 33975228 10856614 1354752 3125 3125 9822676 11560389 2602404 3322206 4357750 4555911 6801447 6597848 1000 27243 279862 196897 195431336 91733902 107644046 103697434 76064373 97583011 2189360 2330901 209766043 229874965 1503112 1161499 734550 168378 65370000 64285000 17899725 11863557 5650286 8581756 91157673 86060190 X 34921381 48387141 83686989 95427634 118608370 143814775 209766043 229874965 X 12502374 15874655 -3170624 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 77177678 1345687 26206865 1810568 2262384 239072 100418206 83388348 3286205 -316301 1851641 7100113 228820 77177678 86730608 2818673 -1255530 1652933 2799108 453362 83388348 79291744 1863848 8450646 1382120 983389 510121 86730608 73412204 2379568 9864667 733094 5549128 82473 79291744 0.03000 0.73000 0.24000 0 0 5499 3344343 3349842 161957117 91733902 70223215 28437269 28437269 1687108 1687108 103697434 EQUITY SECURITIES 88669823 F BOND FUNDS 8913188 F 97583011 ANNUITIES PAYABLE 925770 DEPOSITS HELD IN CUSTODY FOR OTHERS 31762 LOAN FUNDS REFUNDABLE 1168218 OTHER CURRENT LIABILITIES 5589131 BOND PREMIUM 866875 8581756 X 73757383 15874655 28428 15903083 57854300 834668 834668 58688968 45380354 28428 28428 45351926 834668 834668 46186594 PART III, LINE 4: COLLECTIONS ARE USED FOR EDUCATIONAL PURPOSES PART V, LINE 4: SCHOLARSHIPS, PROGRAM SERVICES AND CAPITAL IMPROVEMENTS PART X, LINE 2: THE COLLEGE ACCOUNTS FOR UNCERTAIN INCOME TAX POSITIONS BY PRESCRIBING A MINIMUM PROBABILITY THRESHOLD A TAX POSITION MUST MEET BEFORE A FINANCIAL STATEMENT INCOME TAX BENEFIT IS RECOGNIZED. THE MINIMUM THRESHOLD IS DEFINED AS A TAX POSITION, WHICH, BASED SOLELY ON ITS TECHNICAL MERITS, WOULD MORE LIKELY THAN NOT BE SUSTAINED UPON EXAMINATION BY THE RELEVANT TAX AUTHORITY WITH KNOWLEDGE OF THE SAME FACTS. THE TAX BENEFIT TO BE RECOGNIZED IS THE LARGEST AMOUNT THAT HAS A GREATER THAN 50% PROBABILITY OF BEING REALIZED UPON ULTIMATE RESOLUTION. BASED ON ALL KNOWN FACTS AND CIRCUMSTANCES AND CURRENT TAX LAW, THE COLLEGE BELIEVES THE TOTAL AMOUNT OF UNCERTAIN INCOME TAX POSITION LIABILITIES AND RELATED ACCRUED INTEREST ARE NOT MATERIAL TO ITS FINANCIAL POSITION. AS OF MAY 31,2021, AND INCLUDING THE PREVIOUS THREE YEARS CONSIDERING EXTENSIONS, THE COLLEGE'S INCOME TAX RETURNS ARE OPEN AND SUBJECT TO EXAMINATION BY TAX AUTHORITIES WITH RELEVANT JURISDICTION. SHOULD SUCH AN EXAMINATION TAKE PLACE, MANAGEMENT DOES NOT ANTICIPATE ANY SIGNIFICANT ISSUES RELATED TO THE OPEN YEARS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED WITH INCOME PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED WITH INCOME PART XII, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 GUILFORD COLLEGE HAS A POLICY OF CIVIL RIGHTS WHICH IS POSTED AROUND CAMPUS AND PUBLISHED IN THE STUDENT HANDBOOK. THE ADMINISTRATION STRICTLY FOLLOWS THIS POLICY. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES FEDERAL FINANCIAL AID FROM THE US DEPARTMENT OF EDUCATION 0 EUROPE 0 0 PROGRAM SERVICES EDUCATIONAL PROGRAM LEADING TO A DEGREE 5784 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES EDUCATIONAL PROGRAM LEADING TO A DEGREE NORTH AMERICA 0 0 PROGRAM SERVICES EDUCATIONAL PROGRAM LEADING TO A DEGREE EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES EDUCATIONAL PROGRAM LEADING TO A DEGREE SOUTH AMERICA 0 0 PROGRAM SERVICES EDUCATIONAL PROGRAM LEADING TO A DEGREE OTHER COUNTRIES 0 0 PROGRAM SERVICES EDUCATIONAL PROGRAM LEADING TO A DEGREE 93298 0 0 0 0 0 0 99082 0 99082 FINANCIAL AID MIDDLE EAST/NORTH AFRICA 2 49353 APPLIED TO STUDENT'S ACCOUNT FINANCIAL AID SUB-SAHARAN AFRICA 5 122674 APPLIED TO STUDENT'S ACCOUNT FINANCIAL AID EAST ASIA AND THE PACIFIC 1 7500 APPLIED TO STUDENT'S ACCOUNT FINANCIAL AID EUROPE 0 0 APPLIED TO STUDENT'S ACCOUNT FINANCIAL AID CENTRAL AND SOUTH AMERICA 1 32444 APPLIED TO STUDENT'S ACCOUNT FINANCIAL AID SOUTH ASIA 0 0 APPLIED TO STUDENT'S ACCOUNT FINANCIAL AID WESTERN AFRICA 2 19000 APPLIED TO STUDENT'S ACCOUNT FINANCIAL AID CHINA, PEOPLES REPUBLIC 1 18000 APPLIED TO STUDENT'S ACCOUNT 0 0 0 0 0 0 PART I, LINE 2: STUDENTS STUDYING ABROAD MUST MEET THE SAME CRITERIA AS STUDENTS STUDYING IN THE US PART III ACCOUNTING METHOD: 1 FEDERAL AID-EDUCATION 885 3814189 STATE AID- EDUCATION 548 3708073 PART I, LINE 2: THE COLLEGE FOLLOWS THE GUIDELINES FROM THE DEPARTMENT OF EDUCATION X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 BARBARA LAWRENCE VP DIVERSITY,EQUITY,INCLUS 206308 0 0 0 0 0 8399 0 7145 0 221852 0 0 0 BENJAMIN DURANT CFO AND VP OF ADMINISTRATION 190883 0 0 0 0 0 6338 0 939 0 198160 0 0 0 ARA SERJOIE VP ADVANCEMENT 180492 0 0 0 0 0 6902 0 8509 0 195903 0 0 0 FRANK BOYD VP ACADEMIC AFFAIRS & ACAD 169007 0 0 0 0 0 7124 0 8565 0 184696 0 0 0 LEN SIPPEL VP OF ADMINISTRATION AND F 158539 0 0 0 0 0 13962 0 487 0 172988 0 0 0 ROGER DEGERMAN VP FOR MARKETING 153692 0 0 0 0 0 10457 0 7264 0 171413 0 0 0 ERIN DELL SENIOR POLICY 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FORM 990, PART VI, SECTION B, LINE 11B UPON REVIEW AND APPROVAL BY THE AUDIT COMMITTEE, THE BOARD APPROVES THE SUBMISSION OF THE FORM 990. COPIES OF THE 990 ARE ALSO GIVEN TO THE TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL DISCLOSURE BY TRUSTEES, OFFICERS, AND KEY EMPLOYEES FORM 990, PART VI, SECTION B, LINE 15 FOR THE PRESIDENT OF THE COLLEGE, THERE IS A SUBCOMMITTEE OF TRUSTEES THAT DETERMINES HER COMPENSATION THROUGH PERFORMANCE APPRAISALS AND COMPARATIVE DATA PROVIDED BY COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES, A NATIONAL ORGANIZATION. FOR OTHER OFFICERS AND KEY EMPLOYEES, PERFORMANCE EVALUATIONS AS WELL AS COMPARATIVE DATA FROM CUPA-HR IS USED TO DETERMINE COMPENSATION FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST FORM 990, PART XI, LINE 9: RETURN OF FUNDS DUE TO BONNER SCHOLARS PROGRAM PHASE-OUT -3,170,624. PART X11, LINE 2C THE COLLEGE HAS NOT CHANGED ITS PROCESS OF OVERSIGHT OF THE AUDIT OR SELECTION OF AN INDEPENDENT ACCOUNTANT.