2022-05-16T09:10:47-05:00 2021-06-30 560574444 CHERRY BEKAERT LLP 1111 METROPOLITAN AVE STE 900 CHARLOTTE NC 28204 990 2020-07-01 560767736 WARREN WILSON COLLEGE WARR 8282983325 PO BOX 9000 ASHEVILLE NC 288159000 BELINDA BURKE VP FOR ADMIN AND FINANCE, CFO 8282983325 2022-05-13 1 BELINDA BURKE XXX-XX-XXXX AMANDA ADAMS P00748038 7043771678 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z DR LYNN M MORTON PO BOX 9000 ASHEVILLE NC 288159000 57778351 0 X WWW.WARREN-WILSON.EDU X 1962 NC WARREN WILSON COLLEGE'S DISTINCTIVE APPROACH TO EDUCATION (CONTINUED ON SCHEDULE O) INTENTIONALLY INTEGRATES ACADEMICS, WORK, AND COMMUNITY ENGAGEMENT TO CULTIVATE CURIOSITY, EMPATHY, AND INTEGRITY. WE EMPOWER GRADUATES TO PURSUE MEANINGFUL CAREERS AND LEAD PURPOSEFUL LIVES DEDICATED TO A JUST, EQUITABLE, AND SUSTAINABLE WORLD. 31 28 1100 25 -117514 0 5443197 6260903 33582011 30504845 1416279 4066431 126361 78584 40567848 40910763 15223099 15621144 0 0 15297279 14337534 0 0 757724 11808244 11498801 42328622 41457479 -1760774 -546716 103027241 113155084 21977829 23115652 81049412 90039432 X WARREN WILSON COLLEGE'S DISTINCTIVE APPROACH TO EDUCATION INTENTIONALLY INTEGRATES ACADEMICS, WORK, AND COMMUNITY ENGAGEMENT TO CULTIVATE CURIOSITY, EMPATHY, AND INTEGRITY. WE EMPOWER GRADUATES TO PURSUE MEANINGFUL CAREERS AND LEAD PURPOSEFUL LIVES DEDICATED TO A JUST, EQUITABLE, AND SUSTAINABLE WORLD. 0 0 36107249 15621144 30504845 EDUCATIONAL PROGRAM: MOST PROGRAMS RENDERED ARE RELATED TO PROVIDING STUDENTS FOUR-YEAR LIBERAL ARTS DEGREES COMBINING ACADEMIC STUDY, USEFUL AND PRODUCTIVE WORK, AND SERVICE TO OTHERS BEYOND THE CAMPUS COMMUNITY. THE FULL-TIME EQUIVALENT ENROLLEMNT AT THE COLLEGE DURING THE 2020-2021 ACADEMIC YEAR WAS APPROXIMATELY 648 UNDERGRADUATE STUDENTS. A TOTAL OF 138 STUDENTS (BOTH GRADUATE AND UNDERGRADUATE) GRADUATED FROM THE COLLEGE DURING THE YEAR. A LOW-RESIDENCY GRADUATE PROGRAM IN CREATIVE WRITING LEADING TO A MASTER OF FINE ARTS DEGREE IS ALSO OFFERED, AND AVERAGES AROUND 75 ENROLLEES. WE ALSO OFFERED ANOTHER LOW RESIDENCY GRADUATE PROGRAM CONCLUDING WITH A MASTER OF ARTS IN CRITICAL CRAFT STUDIES AND AVERAGES AROUND 16 ENROLLEES. THE COLLEGE PREPARED STUDENTS REPRESENTING A BROADLY DIVERSE WORLD FOR SERVICE, LEADERSHIP, AND MEANINGFUL LIFELONG WORK AND STUDY BY OFFERING AN EDUCATIONAL PROGRAM THAT ENABLES STUDENTS TO THINK CRITICALLY, OBTAIN AND EVALUATE INFORMATION EFFECTIVELY, AND COMMUNICATE CLEARLY, INTRODUCING THEM TO A VARIETY OF WAYS BY WHICH HUMANS ACQUIRE AND USE KNOWLEDGE, AND THAT PROVIDES STUDENTS WITH OPPORTUNITIES TO DEVELOP A BREADTH OF UNDERSTANDING AND TO MAKE CONNECTIONS AMONG AREAS CONSIDERED CRITICAL TO A LIBERAL ARTS CURRICULUM, REQUIRING THAT THEY DEMONSTRATE A DEPTH OF UNDERSTANDING THROUGH COMPETENCE IN ONE OR MORE ACADEMIC DISCIPLINES. ENVIRONMENTAL STUDIES IS THE MAJOR WITH THE LARGEST NUMBER OF STUDENTS, IN KEEPING WITH ANOTHER INSTITUTIONAL OBJECTIVE, THAT OF PROMOTING ENVIRONMENTAL RESPONSIBILITY THROUGH EDUCATION, CAMPUS OPERATIONS POLICY, AND COMMUNITY OUTREACH. THE COLLEGE ALSO FURNISHES STUDENTS WITH OPPORTUNITIES TO UNDERSTAND AND APPRECIATE A VARIETY OF CULTURES, ASSSISTING THEM IN DEVELOPING AWARENESS OF THE COMMONALITY OF HUMAN PROBLEMS AND THE DIVERSITY OF THE WORLD. THE COLLEGE NORMALLY SPONSORS A NUMBER OF STUDY AWAY DESTINATIONS LED BY THE COLLEGE'S FACULTY AND STAFF. THE COLLEGE WAS NOT ABLE TO SPONSOR STUDY AWAY DESTINATIONS LED BY THE COLLEGE'S FACULTY AND STAFF IN 2020-2021 BECAUSE OF THE PANDEMIC. IN ADDITION, WHILE WE NORMALLY SEND APPROXIMATELY 20 STUDENTS ON INDEPENDENT STUDY ABROAD WITH PARTNER INSTITUTIONS OR OTHER U.S. ACCREDITED PROGRAMS WE WERE ONLY ABLE TO SEND 1 STUDENT TO RWANDA DUE TO THE PANDEMIC SITUATION. WARREN WILSON COLLEGE'S EXPERIENTIAL LEARNING MODEL LEADS STUDENTS INTO CONSIDERED REFLECTION ON THE MEANING AND VALUE OF WORK AND COMMUNITY ENGAGEMENT, GUIDING STUDENTS IN EXAMINING THEIR LIVES AND ARTICULATING THEIR BELIEFS AND VALUES, AND PROVIDES THEM WITH OPPORTUNITIES FOR PERSONAL, PHYSICAL, MORAL, AND SPIRITUAL DEVELOPMENT. TOWARDS THESE ENDS, THE COLLEGE ORGANIZED DIVERSE WORK CREWS IN THE COLLEGE WORK PROGRAM DURING THE YEAR, WITH APPROXIMATELY 630 STUDENTS PARTICIPATING IN THE FALL OF 2020 AND 570 STUDENTS PARTICIPATING IN THE SPRING OF 2021--ESTIMATES PROVIDED AS THE PANDEMIC DID HAVE SOME INFLUENCE OVER OUR ABILITY TO FULLY RUN THE PROGRAM UNDER NORMAL CIRCUMSTANCES. THE ANNUAL COLLEGE-WIDE WORK DAY SCHEDULED IN APRIL OF 2021 WAS ALSO INFLUENCED BY THE PANDEMIC. WORK DAY NORMALLY YIELDS PARTICIPATION FROM OVER 250 STUDENTS AND OVER 50 FACULTY/STAFF. THE COLLEGE ALSO PRIORITIZES COMMUNITY ENGAGEMENT AS PART OF ITS MISSION. THE STATISTICS FROM THE MOST RECENT YEAR THAT WAS PRE-PANDEMIC (2019) INCLUDE THE FOLLOWING INCREDIBLE STATISTICS: 492 STUDENTS COMPLETED 24,297 VOLUNTEER HOURS AT OVER 100 LOCAL, NATIONAL, AND INTERNATIONAL AGENCIES DURING THE YEAR. FOR THE COLLEGE'S ANNUAL SERVICE DAY IN AUGUST 2019, OVER 400 STUDENTS, FACULTY, AND STAFF PARTICIPATED AT 23 SITES CONTRIBUTING 2,220 HOURS OF SERVICE TO THE COMMUNITY. 326180 PUBLIC SERVICES PROGRAM: THE SWANNANOA GATHERING IS A SERIES OF WEEKLY SUMMER MUSIC WORKSHOPS HELD ON THE WARREN WILSON COLLEGE CAMPUS EACH JULY AND AUGUST. THE ENROLLMENT IS LIMITED, WITH AN OPEN FORMAT, WHICH ALLOWS EACH STUDENT TO SELECT THEIR OWN CURRICULUM FROM A VARIETY OF COURSES WITH DIFFERENT EXPERIENCE LEVELS AND ABILITIES. HOUSING AND MEALS FOR PARTICIPANTS IS AN OPTION. THE NORTH CAROLINA DEPARTMENT OF PUBLIC INSTRUCTION HAS ALLOWED 3 HOURS OF TEACHING CERTIFICATE RENEWAL CREDITS, WITH PRIOR APPROVAL, FOR EACH WEEK OF THE SERIES. DUE TO THE COVID-19 PANDEMIC, THE SERIES WAS NOT ABLE TO BE HELD DURING THE SUMMER OF 2021. TOTAL STUDENTS IN THE SUMMER OF 2020 WERE 1,493, RANGING BETWEEN 134 AND 384 PARTICIPANTS FOR EACH OF THE FIVE WEEKS. 36433429 1 1 0 0 0 0 0 1 1 1 1 1 0 1 1 1 0 1 1 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 1131 0 1 1100 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 31 28 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 1 0 X MARY DAVIS 8282983325 701 WARREN WILSON ROAD SWANNANOA NC 28778 F LACHICOTTE ZEMP JR CHAIR 1.00 X X 0 0 0 JEAN WRIGHT VEILLEUX VICE CHAIR 1.00 X X 0 0 0 R MICHAEL CONDREY TREASURER 1.00 X X 0 0 0 DR WILLIAM A LARAMEE SECRETARY 1.00 X X 0 0 0 AMY FREY AGER TRUSTEE 1.00 X 0 0 0 JOEL B ADAMS JR EX-OFFICIO TRUSTEE 1.00 X 0 0 0 ROSS H ARNOLD III TRUSTEE 1.00 X 0 0 0 CARA BRIDGMAN EX-OFFICIO TRUSTEE 1.00 X 0 0 0 ALICE C BUHL EX-OFFICIO TRUSTEE 1.00 X 0 0 0 CARMEN CASTALDI TRUSTEE 1.00 X 0 0 0 WILLIAM H CHRISTY TRUSTEE 1.00 X 0 0 0 JESSICA L CULPEPPER TRUSTEE 1.00 X 0 0 0 REV DR KEVIN E FREDERICK EX-OFFICIO TRUSTEE 1.00 X 0 0 0 NATHAN GAZAWAY TRUSTEE 1.00 X 0 0 0 STEVEN J GIGLIOTTI TRUSTEE 1.00 X 0 0 0 CARLA H GREENFIELD TRUSTEE 1.00 X 0 0 0 DAVID W GREENFIELD TRUSTEE 1.00 X 0 0 0 SUELLEN A HUDSON TRUSTEE 1.00 X 0 0 0 LATONYA CHAVIS KEENER TRUSTEE 1.00 X 0 0 0 STEPHEN R KEENER TRUSTEE 1.00 X 0 0 0 DR ANNE GRAHAM MASTERS TRUSTEE 1.00 X 0 0 0 MORNING NAUGHTON EX-OFFICIO TRUSTEE 40.00 X 49037 0 8647 BRIDGET PALMER EX-OFFICIO TRUSTEE 1.00 X 0 0 0 DEBORAH L REAMER TRUSTEE 1.00 X 0 0 0 ANTHONY S RUST TRUSTEE 1.00 X 0 0 0 DR GEORGE ANDREW SCOTT TRUSTEE 1.00 X 0 0 0 DAVID E SHI TRUSTEE 1.00 X 0 0 0 ADAM L STEGALL EX-OFFICIO TRUSTEE 1.00 X 0 0 0 CANDACE TAYLOR EX-OFFICIO TRUSTEE 40.00 X 52802 0 5699 LUCY M WHEELER TRUSTEE 1.00 X 0 0 0 DR LYNN M MORTON PRESIDENT AND EX-OFFICIO TRUSTEE 40.00 X X 219464 0 36665 PAUL BARTELS INTERIM VP FOR ACAD. AFFAIRS 40.00 X 60866 0 6354 PAUL PERRINE DEAN OF STUDENT LIFE 40.00 X 66380 0 31014 CATHERINE KRAMER VP FOR APPLIED LEARNING 40.00 X 117740 0 2134 SUZANNE GARLAND VP FOR ADVANCEMENT 40.00 X 111134 0 18447 MATT EDLUND VP FOR ENROLLMENT 40.00 X 59618 0 5903 BRIAN LIECHTI INT. VP FOR ENROLL./DIR. OF SUST. 40.00 X 77109 0 8326 JOHN WENDELL ROBERTS PROVOST AND DEAN OF THE FACULTY 40.00 X 85789 0 10598 BELINDA BURKE VP FOR ADMIN/CFO 40.00 X 165796 0 15822 1065735 0 149609 4 0 1 0 SODEXO INC & AFFILIATES PO BOX 360170 PITTSBURGH PA 152516170 FOOD SERVICE 1284872 MEDCOST BENEFIT SERVICES LLC PO BOX 896221 CHARLOTTE NC 282896211 CLAIMS ADMINISTRATION 621330 MSS SOLUTIONS PO BOX 538178 ATLANTA GA 303538178 HVAC CONTRACTOR 443044 CAROLINA CORNERSTONE CONSTRUCTION INC PO BOX 6779 ASHEVILLE NC 28816 CONSTRUCTION 425816 HARPER COMMERCIAL GROUP PO BOX 967 SWANNANOA NC 28778 MAINTENANCE CONTRACTOR 339258 12 2684329 3576574 150815 6260903 TUITION AND FEES 611710 24529655 24529655 ROOM AND BOARD 611710 5521692 5521692 AUXILIARY ENTERPRISES 611710 47934 47934 405564 405564 30504845 1022849 1441 1021408 197539 0 197539 197539 197539 19507349 34700 16482401 16066 3024948 18634 3043582 3043582 250166 369121 -118955 -118955 40910763 30504845 -117514 4262529 15621144 15621144 1037542 337368 568558 131616 10362880 8693069 1206158 463653 91092 70949 15993 4150 2071080 1499183 536576 35321 774940 560380 184336 30224 110821 110821 81785 81785 435114 435114 246122 246122 363734 294652 69082 805766 545904 227678 32184 158132 30341 90282 37509 3477185 3047727 429458 52536 35644 16468 424 529830 486066 43764 2480799 2251497 229302 FOOD SERVICES 1293141 1284003 9138 1463836 1429380 11813 22643 41457479 36433429 4266326 757724 573 610 12156063 11226111 193122 103852 258856 203579 227984 199052 363501 245980 87837765 53794129 35654674 34043636 37995931 45259841 10450719 14839562 5725818 7032861 103027241 113155084 854101 855918 4208283 5556830 55962 128693 16076245 15801218 783238 772993 21977829 23115652 X 27613539 28015161 53435873 62024271 81049412 90039432 103027241 113155084 X -546716 8055196 1481540 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 55788 X 0 0 1 X 55308784 1016214 12753764 3880861 65197901 56072627 388605 2134778 3287226 55308784 57141473 689867 1906646 3619362 45997 56072627 57489465 693402 2441390 1548617 1934167 57141473 56191045 846289 3868997 1516055 1900811 57489465 0.16030 0.83970 0.00000 1 0 2934848 2934848 65884621 42986095 22898526 15573901 10161115 5412786 3444395 646919 2797476 34043636 ALTERNATIVE INVESTMENTS 14839562 F 14839562 BENEFICIAL INTEREST IN REMAINDER TRUSTS 6985635 OTHER ASSETS 47226 7032861 ANNUITY PAYABLE 296511 OBLIGATIONS UNDER CAPITAL LEASE 476482 772993 X 35453519 8055196 1850661 9905857 25547662 130815 15232286 15363101 40910763 26463499 369121 369121 26094378 130815 15232286 15363101 41457479 PART III, LINE 4: THE COLLEGE HAS ARTWORK THAT HAS BEEN DONATED OVER THE YEARS ON DISPLAY THROUGHOUT THE COLLEGE CAMPUS. PART IV, LINE 2B: THE COLLEGE HOLDS FUNDS FOR A VARIETY OF ACADEMIC, INSTITUTIONAL, AND STUDENT GROUPS AND ACCOUNTS FOR ADDITIONS TO AND DISTRIBUTIONS FROM THESE FUNDS SEPARATELY. PART V, LINE 4: THE INTENDED USES OF THE COLLEGE'S ENDOWMENT FUNDS ARE FOR SCHOLARSHIPS, STAFF/FACULTY DEVELOPMENT, BUILDING AND EQUIPMENT MAINTENANCE, AND OTHER ACADEMIC PROGRAMS. THE PERCENTAGE REPORTED FOR PERMANENT ENDOWMENTS INCLUDES AMOUNTS THAT MUST BE MAINTAINED IN PERPETUITY AS WELL AS ACCUMULATED EARNINGS ON SUCH AMOUNTS THAT HAVE NOT YET BEEN APPROPRIATED FOR EXPENDITURE. PART X, LINE 2: THE COLLEGE'S POLICY IS TO EVALUATE ALL TAX POSITIONS AND TO CONSULT WITH EXPERTS TO IDENTIFY THOSE THAT MAY BE CONSIDERED UNCERTAIN. ALL IDENTIFIED MATERIAL TAX POSITIONS WILL BE ASSESSED AND MEASURED BY A REASONABLY POSSIBLE THRESHOLD TO DETERMINE IF THE BENEFIT OF AN UNCERTAIN TAX POSITION SHOULD BE RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS. ANY CHANGES IN THE AMOUNT OF A TAX POSITION WILL BE RECOGNIZED IN THE PERIOD THE CHANGE OCCURS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN SPLIT-INTEREST AGREEMENTS 1,481,540. COST OF GOODS SOLD 369,121. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS/FELLOWSHIPS NETTED WITH TUITION ON FINANCIAL STATEMENTS 15,232,286. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 369,121. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS/FELLOWSHIPS NETTED WITH TUITION ON FINANCIAL STATEMENTS 15,232,286. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 NON-DISCRIMINATORY POLICIES OF THE COLLEGE ARE MADE KNOWN TO ALL SCHOOLS AND AREAS VISITED BY THE ADMISSIONS PERSONNEL AS WELL AS IN ALL COLLEGE LITERATURE. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVED STUDENT FINANCIAL AID GRANTS FROM THE U.S. DEPARTMENT OF EDUCATION AND THE NC STATE EDUCATION ASSISTANCE AUTHORITY. THE COLLEGE WAS ALSO AWARDED FUNDING FROM THE HIGHER EDUCATION EMERGENCY RELIEF FUND ("HEERF') THROUGH THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY (THE "CARES") ACT TO PROVIDE EMERGENCY FINANCIAL AID GRANTS TO STUDENTS FOR EXPENSES RELATED TO THE DISRUPTION OF CAMPUS OPERATIONS AND TO COVER EXPENSES ASSOCIATED WITH SIGNIFICANT CHANGES TO THE DELIVERY OF INSTRUCTION DUE TO THE CORONAVIRUS. EUROPE 0 0 INVESTMENTS 1162007 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 2257519 AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD TRIPS 500 SOUTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD TRIPS 500 0 0 0 0 0 0 3420526 0 3420526 1 0 1 1 0 0 PART III ACCOUNTING METHOD: PARTS I AND IV THE COLLEGE HAS OWNERSHIP IN VARIOUS FOREIGN ENTITIES AS A RESULT OF ALTERNATIVE INVESTMENTS THAT ARE A PART OF THE COLLEGE'S INVESTMENT PORTFOLIO. THE AMOUNT REPORTED IN PART I, COLUMN F IS THE FAIR MARKET VALUE OF THE INVESTMENTS HELD AT THE END OF THE YEAR. 1 SCHOLARSHIPS AND FELLOWSHIPS 641 15232286 TUITION RATES TUITION ASSISTANCE EMERGENCY STUDENT AID PROVIDED BY CARES ACT 535 388858 PART I, LINE 2: THE OFFICE OF ADVANCEMENT WORKS WITH DONORS TO ESTABLISH GUIDELINES FOR THE USE AND DISBURSEMENT OF ANY DONATED FUNDS ACCORDING TO THE DONORS' WISHES. THE DONORS' RESTRICTIONS ARE PUT IN WRITING WITH COPIES MAINTAINED IN THE ADVANCEMENT OFFICE, THE CONTROLLER'S OFFICE, AND THE FINANCIAL AID OFFICE, IF APPLICABLE. IF THE DONATION IS FOR GRANTS OR SCHOLARSHIPS TO BE DISTRIBUTED BY THE FINANCIAL AID OFFICE, THE FINANCIAL AID OFFICE MAINTAINS A SPREADSHEET OF GRANT TITLES AND RESTRICTIONS WHICH ARE UPDATED AS NEEDED. A PERMANENT ELECTRONIC FILE IS ALSO MAINTAINED. THE GRANTS OR SCHOLARSHIPS ARE "MATCHED" WITH AN ELIGIBLE RECIPIENT BY THE FINANCIAL AID OFFICE. THE FINAL STEP IN THE PROCESS IS A RANDOM AUDIT CONDUCTED ONCE A YEAR BY AN OUTSIDE AUDIT FIRM. NEED-BASED GRANTS WERE AWARDED TO WARREN WILSON COLLEGE STUDENTS BASED ON FAFSA (FREE APPLICATION FOR FEDERAL STUDENT AID) RESULTS. FAFSA RESULTS WERE NOT REQUIRED TO BE CONSIDERED FOR MERIT SCHOLARSHIPS, BUT MANY OF THESE DOLLARS WERE USED TO MEET THE FEDERAL DEFINITION OF "NEED." FOR CARES EMERGENCY GRANTS, AWARDS WERE BASED ON HAVING A VALID 2019-2020 FAFSA ON FILE WITH THE WARREN WILSON COLLEGE FINANCIAL AID OFFICE. THE COLLEGE ELECTED TO EQUITABLY SERVE THOSE CONSIDERED ELIGIBLE BY AWARDING THE SAME AMOUNT TO ALL DETERMINED AS ELIGIBLE. THE COLLEGE PROVIDED EXAMPLES OF EXPENSES RELATED TO THE DISRUPTION OF CAMPUS OPERATIONS DUE TO THE IMPACT OF THE CORONAVIRUS SUCH AS FOOD, HOUSING, COURSE MATERIALS, TECHNOLOGY NEEDS, HEALTH CARE OR CHILDCARE FOR WHICH THE FUNDS COULD BE UTILIZED. THE COLLEGE DID NOT REQUIRE FUNDS TO BE SPENT FOR A PARTICULAR PURPOSE THAT WOULD REQUIRE MONITORING AFTER THE GRANT FUNDS WERE AWARDED. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 DR LYNN M MORTON PRESIDENT AND EX-OFFICIO TRUSTEE 216296 0 0 0 3168 0 2250 0 34415 0 256129 0 0 0 BELINDA BURKE VP FOR ADMIN/CFO 164300 0 0 0 1496 0 1700 0 14122 0 181618 0 0 0 PART I, LINE 1A THE COLLEGE PROVIDES HOUSING AND WEEKLY HOUSEKEEPING SERVICES TO THE PRESIDENT FOR THE CONVENIENCE OF THE EMPLOYER SO THAT THE PRESIDENT CAN PERFORM ESSENTIAL COLLEGE BUSINESS AND ACTIVITIES AT THE HOME. THESE AMOUNTS ARE NONTAXABLE COMPENSATION AND ARE REPORTED AS SUCH IN SCHEDULE J, PART II, COLUMN D. X 5 150815 FMV 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 TRUSTEES CARLA AND DAVID GREENFIELD HAVE A FAMILY RELATIONSHIP. TRUSTEES LATONYA CHAVIS KEENER AND STEPHEN R. KEENER HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B KEY PERSONNEL AND TRUSTEES REVIEW THE FORM 990 BEFORE IT IS SIGNED, INCLUDING THE VP FOR ADMINISTRATION AND FINANCE/CFO, THE CONTROLLER, THE CHAIR OF THE STANDING AUDIT COMMITTEE AND THE CHAIR OF THE BOARD. THE FULL BOARD IS PROVIDED ACCESS TO THE PUBLIC DISCLOSURE COPY OF THE RETURN ON A PASSWORD-PROTECTED WEBSITE, WITH A NOTICE THAT THE FULL FILING COPY IS AVAILABLE FOR REVIEW IN THE CONTROLLER'S OFFICE. THIS IS DONE TO PROTECT DONOR INFORMATION WHILE STILL GIVING THE BOARD ACCESS TO ALL INFORMATION AS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE COLLEGE HAS A WRITTEN CONFLICT OF INTEREST POLICY WHICH SPECIFIES IN DETAIL THOSE CIRCUMSTANCES GIVING RISE TO A POTENTIAL CONFLICT OF INTEREST ON THE PART OF THE COLLEGE TRUSTEES. PURSUANT TO THIS POLICY, TRUSTEES MUST FILE AN ANNUAL REPORT SPECIFYING ANY RELATIONSHIPS OR ACTIVITIES WHICH MIGHT POSSIBLY CONSTITUTE A CONFLICT. THESE REPORTS ARE REVIEWED BY THE CHAIR OF THE AUDIT COMMITTEE AND THE CHAIR OF THE BOARD OF TRUSTEES. ANY ISSUES RAISED BY A SPECIFIC REPORT ARE RESOLVED ACCORDING TO THE PROCEDURES OUTLINED IN THE CONFLICT OF INTEREST POLICY. A SIMILAR POLICY FOR EMPLOYEES OF THE COLLEGE DEFINES CONFLICT OF INTEREST AND RELATED TERMS AND OUTLINES A PROCEDURE FOR DISCLOSURE, REPORTING, AND COMPLIANCE WITH THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT'S COMPENSATION PACKAGE IS APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS BASED ON AN ASSESSMENT OF MARKET COMPARABLES FOR SIMILAR POSITIONS AT SCHOOLS OF SIMILAR SIZE AND LOCATION. THE PRESIDENT APPROVES THE COMPENSATION PACKAGES FOR OTHER OFFICERS OF THE COLLEGE IN COORDINATION WITH HUMAN RESOURCES. THE BOARD WOULD APPROVE TOTAL COMPENSATION INCREASES AS PART OF THE ANNUAL BUDGET PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE AT THE DISCRETION OF MANAGEMENT. FORM 990, PART XI, LINE 9: CHANGE IN SPLIT-INTEREST AGREEMENTS 1,481,540. WARREN WILSON COLLEGE FOUNDATION LLC PO BOX 9000 ASHEVILLE NC 288159000 474468713 RENTAL NC 0 15427342 WARREN WILSON COLLEGE