2021-04-06T15:12:52-05:00 2020-05-31 560570567 D M J & CO PLLC 703 GREEN VALLEY ROAD SUITE 201 GREENSBORO NC 27408 990 2019-06-01 560529982 GUILFORD COLLEGE GUIL 3363162000 5800 W FRIENDLY AVENUE GREENSBORO NC 27410 JAMES W HOOD INTERIM PRESIDENT AS OF 2/23/21 3363162000 2021-04-02 1 ARTHUR M WINSTEAD JR CPA P00002871 3362759886 2019 2022-09-23 18:48:47Z JAMES W HOOD 5800 WEST FRIENDLY AVENUE GREENSBORO NC 27410 51859626 0 X WWW.GUILFORD.EDU X 1834 NC EDUCATIONAL PROGRAM LEADING TO A DEGREE 19 19 1089 200 0 0 12772685 14125369 30316729 29477466 3652906 2929636 1017362 874377 47759682 47406848 5692312 6866525 0 0 22414662 23638421 0 0 2041620 21274997 22494378 49381971 52999324 -1622289 -5592476 212218476 209766043 84657723 91157673 127560753 118608370 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 38816540 6866525 31364781 PROVIDED EDUCATIONAL OPPORTUNITIES FOR 1525 STUDENTS AT THE UNDERGRADUATE LEVEL 38816540 1 1 0 0 0 0 0 1 0 1 1 0 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 1 246 0 1 1089 1 0 0 0 0 0 0 0 0 0 0 0 0 X 19 19 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 LAWRENCE C ROSS 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 CHRISTOPHER K MIRABELLI 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 ANN RAPER 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 NANCY K QUAINTANCE VICE-CHAIR 2.00 X X 0 0 0 JUDY L WHISNANT 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 FRANK BOYD VP ACADEMIC AFFAIRS & ACAD 40.00 X 185626 0 18190 ARA SERJOIE VP ADVANCEMENT 40.00 X 165820 0 19324 WESS DANIELS W R ROGERS DIRECTOR OF FRIENDS CENTER 40.00 X 72016 0 11405 CHUCK CURRY DIRECTOR OF IT&S 40.00 X 117785 0 7101 ROGER DEGERMAN VP FOR MARKETING 40.00 X 138795 0 17903 BROOKS T RAIFORD TRUSTEE 2.00 X 0 0 0 LEN SIPPEL VP OF ADMINISTRATION AND F 40.00 X 197451 0 12782 JANE K FERNANDES PRESIDENT 40.00 X 306614 0 57486 JAMES M WILSON ASSOCIATE VP FOR FINANCE 40.00 X 114416 0 22063 BENJAMIN DURANT SENIOR POLICY ADVISOR 40.00 X 114993 0 358 ERIN DELL CHIEF OF STAFF 40.00 X 109321 0 21019 BARBARA LAWRENCE VP DIVERSITY,EQUITY,INCLUS 40.00 X 185412 0 19416 RAYMOND BUCKNER ASSOC VP ALUMNI/CONSTIT RE 40.00 X 104969 0 18608 1813218 0 225655 11 0 1 0 FRANK L BLUM CONSTRUCTION 830 NE 25TH STREET WINSTONSALEM NC 27115 CAPITAL PROJECTS 7815632 MERIWETHER GODSEY 4944 OLD BOONSBORO ROAD LYNCHBURG VA 24503 DINING SERVICES 3341609 HOOTEN EQUIPMENT COMPANY 105 FOX MEADOWS RUN LYNCHBURG VA 24503 CAPITAL PROJECTS 878885 WFF FACILITY SERVICES PO BOX 958204 ST LOUIS MO 63195 CUSTODIAL SERVICES 840623 CLARK PATTERSON 205 ST PAUL STREET SUITE 500 ROCHESTER NY 14604 ARCHITECH 632113 5 7842799 6282570 300315 14125369 TUITION & FEES 900099 19006791 19006791 ROOM & BOARD 900099 7678391 7678391 OTHER EDUCATIONAL FEES 900099 2792284 2792284 29477466 1042321 1042321 565216 340923 224293 224293 224293 5999170 4111855 1887315 1887315 1887315 42289 0 42289 42289 STUDENT AUXILARY SERVICES INCOME 900099 607795 607795 607795 47406848 31364781 0 1916698 6866525 6866525 1668061 1668061 16265343 12411170 2812099 1042074 2146316 2146316 2166414 1066454 832470 267490 1392287 1239136 83537 69614 232713 232713 80025 80025 89703 35278 41529 12896 1854547 1009420 818510 26617 1321363 1321363 1220841 987923 188243 44675 3256012 2595042 501426 159544 4304646 4184115 90398 30133 CONTRACT SERVICES 5469143 2696005 2470954 302184 FOOD SERVICE 3218823 3162347 26970 29506 BAD DEBTS 513888 513888 EQUIPMENT RENTAL/MAINTE 241614 130284 108175 3155 691060 286525 350803 53732 52999324 38816540 12141164 2041620 3125 3125 19072901 9822676 3693348 2602404 3637813 4357750 6853544 6801447 67117 1000 276493 279862 194878553 87234507 99421884 107644046 75913418 76064373 3278833 2189360 212218476 209766043 4133017 1503112 417122 734550 66410000 65370000 6029285 17899725 7668299 5650286 84657723 91157673 X 41062780 34921381 86497973 83686989 127560753 118608370 212218476 209766043 -5592476 -3359907 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 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 76221037 601906 -1687076 880536 751868 91259 73412204 0.03000 0.93000 0.04000 1 0 5499 3389343 3394842 161472819 87234507 74238312 28323784 28323784 1687108 1687108 107644046 EQUITY SECURITIES 68362693 F BOND FUNDS 7701680 F 76064373 ANNUITIES PAYABLE 933692 DEPOSITS HELD IN CUSTODY FOR OTHERS 31762 LOAN FUNDS REFUNDABLE 1340452 OTHER CURRENT LIABILITIES 2423554 BOND PREMIUM 920826 5650286 X 43146628 -3359907 340923 -3018984 46165612 1241236 1241236 47406848 52099011 340923 340923 51758088 1241236 1241236 52999324 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 31,2020, 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 79 PROGRAM SERVICES EDUCATIONAL PROGRAM LEADING TO A DEGREE 474080 SUB-SAHARAN AFRICA 0 1 PROGRAM SERVICES EDUCATIONAL PROGRAM LEADING TO A DEGREE 21563 NORTH AMERICA 0 17 PROGRAM SERVICES EDUCATIONAL PROGRAM LEADING TO A DEGREE 47400 EAST ASIA AND THE PACIFIC 0 18 PROGRAM SERVICES EDUCATIONAL PROGRAM LEADING TO A DEGREE 98548 SOUTH AMERICA 0 3 PROGRAM SERVICES EDUCATIONAL PROGRAM LEADING TO A DEGREE 40618 OTHER COUNTRIES 0 46 PROGRAM SERVICES EDUCATIONAL PROGRAM LEADING TO A DEGREE 175696 0 164 0 0 0 164 857905 0 857905 FINANCIAL AID MIDDLE EAST/NORTH AFRICA 2 50100 APPLIED TO STUDENT'S ACCOUNT FINANCIAL AID SUB-SAHARAN AFRICA 1 46610 APPLIED TO STUDENT'S ACCOUNT FINANCIAL AID EAST ASIA AND THE PACIFIC 10 24150 APPLIED TO STUDENT'S ACCOUNT FINANCIAL AID EUROPE APPLIED TO STUDENT'S ACCOUNT FINANCIAL AID CENTRAL AND SOUTH AMERICA 1 23000 APPLIED TO STUDENT'S ACCOUNT FINANCIAL AID SOUTH ASIA APPLIED TO STUDENT'S ACCOUNT FINANCIAL AID WESTERN AFRICA APPLIED TO STUDENT'S ACCOUNT FINANCIAL AID CHINA, PEOPLES REPUBLIC 5 26603 APPLIED TO STUDENT'S ACCOUNT FINANCIAL AID BAHAMAS 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 990 3927595 STATE AID- EDUCATION 511 2938930 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 FRANK BOYD VP ACADEMIC AFFAIRS & ACAD 185626 0 0 0 0 0 10984 0 7206 0 203816 0 0 0 ARA SERJOIE VP ADVANCEMENT 165820 0 0 0 0 0 10291 0 9033 0 185144 0 0 0 ROGER DEGERMAN VP FOR MARKETING 138795 0 0 0 0 0 10869 0 7034 0 156698 0 0 0 LEN SIPPEL VP OF ADMINISTRATION AND F 197451 0 0 0 0 0 12132 0 650 0 210233 0 0 0 JANE K FERNANDES PRESIDENT 306614 0 0 0 0 0 49800 0 7686 0 364100 0 0 0 BARBARA LAWRENCE VP DIVERSITY,EQUITY,INCLUS 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4440000 NEW PROJECTS 0 0 0 D PUBLIC FINANCE AUTHORITY OF WISCONSIN 74443DEM9 2018-10-24 12895000 NEW PROJECTS 0 0 0 A 1170000 0 0 0 0 B 3480000 0 0 0 0 C 4440000 0 0 0 0 D 12895000 0 0 0 0 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 0 0 A 0 B 0 C 0 D 0 A PUBLIC FINANCE AUTHORITY OF WISCONSIN 74443DEN7 2018-10-24 5080000 NEW PROJECTS 0 0 0 A 5080000 0 0 0 0 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 A 0 CURT HEGE EMERITUS 78032 DRYWALL, CEILINGS AND FLOORING PROVIDED BY SHIELDS INCORPORATED 0 D VICTOR COCHRAN III TRUSTEE 86467 CARPET AND FLOORING PROVIDED BY SHARP-CARTER CORPORATION INC 0 X 7 273974 AVERAGE OF HIGH AND LOW X MISCELLANEOUS 19 26341 FAIR MARKET VALUE 0 1 1 PART I, LINE 32B: THIRD PARTIES ARE USED TO PROCESS OUTGOING MAIL SOLICITATIONS ONLY FORM 990, PART VI, SECTION A, LINE 2 MANY BOARD MEMBERS KNOW EACH OTHER AND HAVE AT ONE TIME OR ANOTHER ENGAGED IN A BUSINESS OR PERSONAL RELATIONSHIP IN THE COMMUNITY WITH EACH OTHER OUTSIDE OF THEIR RESPONSIBILITIES AS MEMBERS OF THE BOARD OF DIRECTORS OF GUILFORD COLLEGE. 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 PART X11, LINE 2C THE COLLEGE HAS NOT CHANGED ITS PROCESS OF OVERSIGHT OF THE AUDIT OR SELECTION OF AN INDEPENDENT ACCOUNTANT.