2020-07-13T08:59:22-07:00 2019-05-31 990 2018-06-01 560529999 HIGH POINT UNIVERSITY HIGH 3368419000 ONE UNIVERSITY PARKWAY HIGH POINT NC 272680001 Deborah Butt VICE PRESIDENT - FINANCIAL AFFAIRS 3368419202 2020-07-13 192.154.47.121 2018 2020-09-22 18:59:49Z DEBORAH BUTT ONE UNIVERSITY PARKWAY HIGH POINT NC 27268 305577518 0 X WWW.HIGHPOINT.EDU X 1928 NC THE MISSION OF HIGH POINT UNIVERSITY IS TO DELIVER EDUCATIONAL EXPERIENCES THAT ENLIGHTEN, CHALLENGE, AND PREPARE STUDENTS TO LEAD LIVES OF SIGNIFICANCE IN COMPLEX GLOBAL COMMUNITIES. THE VISION OF HIGH POINT UNIVERSITY IS TO BE A NATIONALLY PROMINENT, PRIVATE INSTITUTION RECOGNIZED FOR THE EXCELLENCE OF ITS ACADEMIC PROGRAMS, THE DEPTH OF ITS VALUES-BASED CULTURE, THE BREADTH OF ITS INCLUSIVENESS, AND THE STRENGTH OF ITS COMMITMENT TO HELPING STUDENTS LEAD LIVES OF SIGNIFICANCE. 41 38 2667 100 76456 75456 37205988 29906831 235352752 256417406 2962384 1248105 2611375 2544507 278132499 290116849 57015177 46159962 0 0 65660217 72066685 0 0 2897199 102097351 116848467 224772745 235075114 53359754 55041735 758066761 813272212 186511820 188716286 571554941 624555926 THE MISSION OF HIGH POINT UNIVERSITY IS TO DELIVER EDUCATIONAL EXPERIENCES THAT ENLIGHTEN, CHALLENGE, AND PREPARE STUDENTS TO LEAD LIVES OF SIGNIFICANCE IN COMPLEX GLOBAL COMMUNITIES. THE VISION OF HIGH POINT UNIVERSITY IS TO BE A NATIONALLY PROMINENT, PRIVATE INSTITUTION RECOGNIZED FOR THE EXCELLENCE OF ITS ACADEMIC PROGRAMS, THE DEPTH OF ITS VALUES-BASED CULTURE, THE BREADTH OF ITS INCLUSIVENESS, AND THE STRENGTH OF ITS COMMITMENT TO HELPING STUDENTS LEAD LIVES OF SIGNIFICANCE. 0 0 174036411 43455673 234493191 HIGH POINT UNIVERSITY IS A PRIVATE, CO-ED UNIVERSITY COMMITTED TO PROVIDING STUDENTS WITH AN EXCEPTIONAL EDUCATION. HPU SERVES APPROXIMATELY 4500 UNDERGRADUATE STUDENTS THROUGH ITS HAYWORTH COLLEGE OF ARTS & SCIENCES, PHILLIPS SCHOOL OF BUSINESS, QUBEIN SCHOOL OF COMMUNICATIONS, AND SCHOOLS OF ART & DESIGN, EDUCATION AND HEALTH SCIENCES. 10495744 248216 21924215 THE UNIVERSITY, THROUGH ITS NORCROSS GRADUATE SCHOOL, ALSO SERVES APPROXIMATELY 600 GRADUATE STUDENTS SEEKING DEGREES IN BUSINESS ADMINISTRATION, EDUCATION, ATHLETIC TRAINING, PHYSICIAN ASSISTANT, STRATEGIC COMMUNICATION, HEALTH SCIENCES, PHYSICAL THERAPY AND PHARMACY. 0 0 0 184532155 1 1 0 0 0 0 0 1 1 1 1 0 0 0 1 1 0 1 1 1 1 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 1 1 1 1 0 0 1 0 0 0 0 1 6911 0 1 2667 1 1 1 0 0 0 0 1 1 0 0 0 0 1 0 X 41 38 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X DEBORAH S BUTT 3368419000 ONE UNIVERSITY PARKWAY HIGH POINT NC 272680001 ELIZABETH ALDRIDGE TRUSTEE 0.5 0 X 0 0 0 MICHAEL BROWN TRUSTEE 0.5 0 X 0 0 0 ROBERT BROWN VICE CHAIR OF BOARD/TRUSTEE 0.5 0 X 0 0 0 RICHARD BUDD TRUSTEE 0.5 0 X 0 0 0 TERESA CAINE TRUSTEE 0.5 0 X 0 0 0 RICHARD CALLICUTT II TRUSTEE 0.5 0 X 0 0 0 ROY CARROLL TRUSTEE 0.5 0 X 0 0 0 THAYER COGGIN TRUSTEE 0.5 0 X 0 0 0 EARL CONGDON TRUSTEE 0.5 0 X 0 0 0 CHRISTINE COTTRELL TRUSTEE 0.5 0 X 0 0 0 DAVID COUCH TRUSTEE 0.5 0 X 0 0 0 EDWARD COVINGTON TRUSTEE 0.5 0 X 0 0 0 FLOYD CRAVEN TRUSTEE 0.5 0 X 0 0 0 JOHN FINCH CHAIR OF THE BOARD/TRUSTEE 0.5 0 X 0 0 0 DAVID FRANCIS TRUSTEE 0.5 0 X 0 0 0 SHIRLEY FRYE CHAIR OF STUDENT LIFE COMMITTEE/TRUSTEE 0.5 0 X 0 0 0 THOMAS HAGGAI TRUSTEE 0.5 0 X 0 0 0 DONALD HAYNES TRUSTEE 0.5 0 X 0 0 0 DAVID HAYWORTH TRUSTEE 0.5 0 X 0 0 0 CHRISTOPHER HENSON TRUSTEE 0.5 0 X 0 0 0 THOMAS INGRAM CHAIR, ACADEMIC AFFAIRS/TRUSTEE 0.5 0 X 0 0 0 RON JONES TRUSTEE 0.5 0 X 0 0 0 KENNETH KAHN TRUSTEE 0.5 0 X 0 0 0 GENE KESTER TRUSTEE 0.5 0 X 0 0 0 WILLIAM KESTER TRUSTEE 0.5 0 X 0 0 0 MIRIAM KIMSEY TRUSTEE 0.5 0 X 0 0 0 PETER MAHLER TRUSTEE 0.5 0 X 0 0 0 KATHERINE MAYNARD TRUSTEE 0.5 0 X 0 0 0 ADNAN MESTDAGH TRUSTEE 0.5 0 X 0 0 0 MEREDITH MICHENER TRUSTEE 0.5 0 X 0 0 0 KEVIN NORTON TRUSTEE 0.5 0 X 0 0 0 JEFF PATTERSON TRUSTEE 0.5 0 X 0 0 0 J ROBERT STOUT TRUSTEE 0.5 0 X 0 0 0 ROBERT STROUPE TRUSTEE 0.5 0 X 0 0 0 RICHARD VERT CHAIR OF AUDIT COMMITTEE/TRUSTEE 0.5 0 X 0 0 0 ANNE WALKER TRUSTEE 0.5 0 X 0 0 0 J ALEXANDER WARD TRUSTEE 0.5 0 X 0 0 0 MARK WEBB CHAIR OF INVESTMENT & FINANCE COMMITTEE/TRUSTEE 0.5 0 X 0 0 0 FRED WILSON TRUSTEE 0.5 0 X 0 0 0 DOUGLAS WITCHER TRUSTEE 0.5 0 X 0 0 0 MOLLY YOUNG TRUSTEE 0.5 0 X 0 0 0 NIDO QUBEIN PRESIDENT 60 0 X 1147225 0 504845 JEFF ADAMS VICE PRESIDENT 40 0 X 113169 0 22908 ANDREW BILLS SENIOR VICE PRESIDENT 50 0 X 273302 0 37409 DEBI BUTT VICE PRESIDENT 60 0 X 168530 0 39699 DENNIS CARROLL PROVOST/VICE PRESIDENT 50 0 X 301428 0 29285 ROGER CLODFELTER SENIOR VICE PRESIDENT 50 0 X 194498 0 14533 STEPHANIE CROFTON VICE PRESIDENT 50 0 X 111315 0 28271 CHRIS DUDLEY SENIOR VICE PRESIDENT 50 0 X 253954 0 40897 DAN HAUSER ATHLETIC DIRECTOR 50 0 X 122361 0 32118 STEVE POTTER VICE PRESIDENT 60 0 X 151033 0 20302 GAIL TUTTLE SENIOR VICE PRESIDENT 50 0 X 181800 0 23387 DOUGLAS VINZANT SENIOR VICE PRESIDENT 50 0 X 158004 0 24281 SCOTT CHERRY COACH 40 0 X 234298 0 7722 DANIEL ERB DEAN OF HEALTH SCIENCES/PROFESSOR 40 0 X 209056 0 42569 SCOTT HEMBY PHARMACY PROFESSOR 40 0 X 194963 0 25775 RONALD RAGAN DEAN OF PHARMACY 40 0 X 224015 0 38523 TUBBY SMITH COACH 40 0 X 793733 0 26753 DENNY G BOLTON FORMER EXECUTIVE VICE PRESIDENT 0 0 X 150000 0 0 JACOB MARTINSON FORMER PRESIDENT/HONORARY TRUSTEE 0 0 X 35339 0 0 5018023 0 959277 84 1 1 0 THE CHRISTMAN COMPANY 408 S ELM STREET GREENSBORO NC 27401 GENERAL CONTRACTOR 27230489 ARAMARK SERVICES 1101 MARKET STREET PHILADELPHIA PA 19107 FOOD SERVICES 15180609 BUDD GROUP 195 BUDD BOULEVARD WINSTON SALEM NC 27103 MAINTENANCE SERVICES 6914994 SMITH & JENNINGS INC 1020 HEDGECOCK ROAD HIGH POINT NC 27262 GENERAL CONTRACTOR 3460328 CJMW ARCHITECTURE PA 119 BROOKSTOWN AVE STE 100 WINSTON SALEM NC 27101 GENERAL CONTRACTOR 4201231 57 0 0 3030 0 1940552 27963249 352943 29906831 Student Tuition & Fees 611710 180404412 180404412 0 0 Residence Hall Fees 721310 44667354 44667354 0 0 Cafeteria/Meals 722210 30414220 30414220 0 0 Intercollegiate Athletics 611710 402864 402864 0 0 Bookstore 611710 288256 288256 0 0 240300 240300 0 0 256417406 2143261 0 70363 2072898 0 0 0 0 76704 0 0 76704 629883 0 1052945 0 -423062 0 -423062 0 0 -423062 13031002 450000 13415694 960464 -384692 -510464 -895156 0 0 -895156 16469 3030 31566 -15097 0 -15097 Summer Conferences 611710 1298046 1298046 0 0 F&A Indirect Cost 541700 110391 110391 0 0 1497525 1491432 6093 0 2905962 290116849 259317275 76456 816287 2456073 2456073 43703889 43703889 0 0 0 0 3994554 165207 3218824 610523 0 0 0 0 55568975 47334326 7045958 1188691 3147000 3147000 0 0 9356156 6342663 2767401 246092 0 0 0 0 0 0 0 0 455063 0 455063 0 140925 0 140925 0 0 0 0 0 0 0 245929 0 245929 0 7938859 5775003 1873533 290323 3085493 2985744 99749 0 18042047 14588518 3151276 302253 4963024 91749 4871275 0 0 0 0 0 34985872 22010807 12975065 0 2227233 1584746 532122 110365 0 0 0 0 0 0 0 0 5341146 0 5341146 0 0 0 0 0 26565712 25609346 956366 0 1419550 0 1419550 0 SPECIAL EVENTS 4433654 3518022 766680 148952 INTERCOLLEGIATE 3102963 3102963 0 0 3900997 2116099 1784898 0 235075114 184532155 47645760 2897199 1060895 1332057 93798744 90654215 25663657 21796852 10040938 12220563 0 0 0 0 1698490 1530629 0 0 773642 1210195 864557356 246413268 551630694 618144088 37420826 32102636 23933632 21197846 1062197 604049 0 0 10983046 12479082 758066761 813272212 29324813 35984024 0 0 11271681 14958281 140977254 133735026 228177 303519 0 0 3401539 2627888 0 0 1308356 1107548 186511820 188716286 X 458644675 511573275 64528111 61290676 48382155 51691975 571554941 624555926 758066761 813272212 X 55041735 -307121 0 176748 0 -1910377 X 0 1 X 1 1 1 X 33291966 31426550 36546081 37205988 29906831 168377416 0 0 0 0 0 0 0 0 0 0 33291966 31426550 36546081 37205988 29906831 168377416 33397499 134979917 3231297 3104293 2374655 2073343 2701300 13484888 40074 67941 68085 74976 71844 322920 18852 16822 18374 20905 16469 91422 182276646 1110109119 0.74052 0.71671 X Schedule A, Part II, Line 10 OTHER INCOME LISTED ON LINE 10 OF SCHEDULE A, PART II IS GAIN OR (LOSS) FROM FUNDRAISING. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5900 1528184 0 0 X EDUCATION 0 0 1 X 63760429 3302177 898021 0 1993517 219574 65747536 56668533 5563978 3766459 0 2016752 221789 63760429 50211927 3379627 4838317 0 1574427 186911 56668533 49791008 3018943 -1094458 0 1327222 176344 50211927 48024447 1623640 2039699 0 1731746 165032 49791008 0.0106 0.2032 0.7862 1 0 74463317 0 74463317 526742479 0 130858238 395884241 55962748 0 25770639 30192109 111102954 0 89784391 21318563 96285858 0 0 96285858 618144088 STUDENT LOAN MONIES 1107548 1107548 X Schedule D, Part III, Line 4 THE UNIVERSITY MAINTAINS ART AND OTHER COLLECTIBLES DISPLAYED IN VARIOUS CAMPUS BUILDINGS FOR EDUCATIONAL AND INSTRUCTIONAL PURPOSES. Schedule D, Part IV, Line 2b THE UNIVERSITY ALLOWS THE STUDENT GOVERNMENT ASSOCIATION AND PANTHER CLUB TO KEEP MONEY THAT THEY HAVE COLLECTED IN A UNIVERSITY CONTROLLED BANK ACCOUNT. Schedule D, Part V, Line 4 ENDOWMENT FUNDS ARE USED FOR THE PURPOSE STIPULATED BY THE INDIVIDUAL DONOR(S) OF THE ENDOWED FUNDS. THE MAJORITY OF THE UNIVERSITY'S ENDOWMENT IS FOR SCHOLARSHIPS OR PROFESSORSHIPS/CHAIRS. Schedule D, Part X, Line 2 IT IS THE UNIVERSITY'S POLICY TO EVALUATE ALL SIGNIFICANT TAX POSITIONS TO IDENTIFY ANY THAT MAY BE CONSIDERED UNCERTAIN. ALL IDENTIFIED MATERIAL TAX POSITIONS ARE ASSESSED AND MEASURED BY A "MORE-LIKELY-THAN-NOT" THRESHOLD TO DETERMINE IF THE TAX POSITION IS UNCERTAIN AND WHAT, IF ANY, THE EFFECT OF THE UNCERTAIN TAX POSITION MAY HAVE ON THE CONSOLIDATED FINANCIAL STATEMENTS. NO MATERIAL UNCERTAIN TAX POSITIONS WERE IDENTIFIED FOR 2019 AND 2018. CURRENTLY, THE STATUTE OF LIMITATIONS REMAINS OPEN SUBSEQUENT TO AND INCLUDING THE YEAR ENDED MAY 31, 2016; HOWEVER, NO EXAMINATIONS ARE IN PROCESS. ANY CHANGES IN THE AMOUNT OF A TAX POSITION, AS WELL AS RELATED PENALTIES AND INTEREST, WILL BE RECOGNIZED IN THE PERIOD THAT CHANGE OCCURS. 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 BROADCASTS AND PUBLISHED STATEMENTS FOLLOW THE GUIDELINES PER REVENUE PROCEDURE 75-50 AND ARE DISSEMINATED TO ALL SEGMENTS OF THE GENERAL COMMUNITY SERVED BY THE SCHOOL. Schedule E, Part I, Line 6 THE UNIVERSITY RECEIVES SCHOLARSHIP AND STUDENT AID DOLLARS ON BEHALF OF STUDENTS ENROLLED. THOSE DOLLARS ARE PASSED THROUGH TO THE STUDENTS. East Asia and the Pacific 0 2 Program Services STUDY ABROAD (AUSTRALIA) 88078 East Asia and the Pacific 0 2 Program Services STUDY ABROAD (CHINA) 72591 East Asia and the Pacific 0 2 Program Services STUDY ABROAD (JAPAN) 96003 Europe (including Iceland and Greenland) 0 2 Program Services STUDY ABROAD (DENMARK/GERMANY) 69656 Europe (including Iceland and Greenland) 0 2 Program Services STUDY ABROAD (IRELAND) 5596 Europe (including Iceland and Greenland) 0 2 Program Services STUDY ABROAD(ITALY) 248692 Europe (including Iceland and Greenland) 0 2 Program Services STUDY ABROAD (MULTI) 169255 Europe (including Iceland and Greenland) 0 2 Program Services STUDY ABROAD (SCOTLAND) 89622 Europe (including Iceland and Greenland) 0 2 Program Services STUDY ABROAD (SPAIN) 121887 South America 0 2 Program Services STUDY ABROAD (CHILE) 40788 Sub-Saharan Africa 0 2 Program Services STUDY ABROAD (SOUTH AFRICA) 79771 East Asia and the Pacific 0 2 Program Services STUDY ABROAD (NEW ZEALAND) 55176 Europe (including Iceland and Greenland) 0 2 Program Services STUDY ABROAD (IRELAND) 10858 Europe (including Iceland and Greenland) 0 2 Program Services STUDY ABROAD (SPAIN) 4145 Europe (including Iceland and Greenland) 0 2 Program Services STUDY ABROAD (ITALY) 240025 Central America and the Caribbean 0 0 Investments FOREIGN INVESTMENTS. 2495000 East Asia and the Pacific 0 0 Investments FOREIGN INVESTMENTS. 501000 0 30 4388143 0 0 0 1 1 0 Golf Tournament 12748 3030 9718 0 2190 8000 1552 0 11 Hall of Fame Dinner 6752 0 6752 0 226 0 14309 0 5279 0 19500 3030 16470 0 2416 8000 15861 0 5290 31567 -15097 1 Bennett College 900 E WASHINGTON ST GREENSBORO NC 27401 560532296 PUBLIC CHARITY 1025000 0 GENERAL SUPPORT. HIGH POINT REGIONAL HEALTH SYSTEM PO BOX HP5 HIGH POINT NC 27261 560532309 PUBLIC CHARITY 1000000 0 FMV GENERAL SUPPORT. Horatio Alger Association 99 CANAL CENTER PLAZA ALEXANDRIA VA 22314 131669975 PUBLIC CHARITY 175000 0 GENERAL SUPPORT. COMMUNITY CLINIC OF HIGH POINT 779 N MAIN ST HIGH POINT NC 27262 561795022 PUBLIC CHARITY 100000 0 FMV GENERAL SUPPORT. The Piedmont School Inc 815 OLD MILL RD HIGH POINT NC 27265 561336200 PUBLIC CHARITY 50000 0 GENERAL SUPPORT United Way of High Point Inc 201 CHURCH AVENUE HIGH POINT NC 27262 560547486 PUBLIC CHARITY 46032 0 GENERAL SUPPORT FOR THE BOB BROWN SCHOLARSHIP AND FOR THE HIGH POINT COMMUNITY. Creative Visions Foundation 18820 PACIFIC COAST HWY STE 201 MALIBU CA 90265 391902814 PUBLIC CHARITY 10000 0 GENERAL SUPPORT Old North State Council PO BOX 29046 GREENSBORO NC 27429 561762001 PUBLIC CHARITY 10000 0 GENERAL SUPPORT. Ministers Conference of High Point PO BOX 628 HIGH POINT NC 27261 563194545 PUBLIC CHARITY 10000 0 GENERAL SUPPORT. 20 0 ATHLETIC AID 251 6234395 0 FMV MERIT AID 2914 25039775 0 FMV NEED-BASED AND OTHER INSTITUTIONAL AWARDS 1341 6093137 0 FMV INSTITUTIONAL FUNDED FINANCIAL AID 410 1859623 0 FMV EXTERNAL FUNDED FINANCIAL AID 509 4476959 0 FMV Schedule I, Part I, Line 2 THE GRANTEES WERE APPROVED BY THE UNIVERSITY PRESIDENT AND CONFIRMED WITH THE VICE PRESIDENT OF FINANCIAL AFFAIRS. X X X X X 1 1 X X X X 1 1 0 0 0 0 0 0 0 NIDO QUBEIN PRESIDENT 763230 0 1600 0 382395 0 487000 0 17845 0 1652070 0 0 0 ANDREW BILLS SENIOR VICE PRESIDENT 258457 0 11600 0 3245 0 21416 0 15992 0 310710 0 0 0 DENNIS CARROLL PROVOST/VICE PRESIDENT 292152 0 1600 0 7676 0 21063 0 8222 0 330713 0 0 0 DENNY G BOLTON FORMER EXECUTIVE VICE PRESIDENT 150000 0 0 0 0 0 0 0 0 0 150000 0 0 0 CHRIS DUDLEY SENIOR VICE PRESIDENT 240405 0 11600 0 1949 0 20267 0 20631 0 294852 0 0 0 GAIL TUTTLE SENIOR VICE PRESIDENT 178633 0 1600 0 1567 0 14533 0 8854 0 205187 0 0 0 ROGER CLODFELTER SENIOR VICE PRESIDENT 181667 0 11600 0 1231 0 14533 0 0 0 209031 0 0 0 JEFF ADAMS VICE PRESIDENT 110946 0 1600 0 623 0 9447 0 13461 0 136077 0 0 0 DAN HAUSER ATHLETIC DIRECTOR 115312 0 4600 0 2449 0 9070 0 23048 0 154479 0 0 0 STEVE POTTER VICE PRESIDENT 148598 0 1600 0 835 0 12080 0 8222 0 171335 0 0 0 DEBI BUTT VICE PRESIDENT 165898 0 1600 0 1032 0 14533 0 25166 0 208229 0 0 0 STEPHANIE CROFTON VICE PRESIDENT 108813 0 1988 0 514 0 9609 0 18662 0 139586 0 0 0 DOUGLAS VINZANT VICE PRESIDENT 147731 0 8800 0 1473 0 11796 0 12485 0 182285 0 0 0 JACOB MARTINSON FORMER PRESIDENT/HONORARY TRUSTEE 35339 0 0 0 0 0 0 0 0 0 35339 0 0 0 TUBBY SMITH COACH 742522 0 12188 0 39023 0 13750 0 13003 0 820486 0 0 0 RONALD RAGAN DEAN OF PHARMACY 220664 0 1988 0 1363 0 17774 0 20749 0 262538 0 0 0 DANIEL ERB DEAN OF HEALTH SCIENCES/PROFESSOR 205705 0 1988 0 1363 0 17695 0 24875 0 251626 0 0 0 SCOTT CHERRY COACH 232192 0 300 0 1806 0 2393 0 5329 0 242020 0 0 0 SCOTT HEMBY PHARMACY PROFESSOR 191621 0 1988 0 1354 0 15675 0 10100 0 220738 0 0 0 Schedule J, Part I, Line 1a DR. NIDO QUBEIN, PRESIDENT, HAS SERVICES PROVIDED AT THE HOME, INCLUDING CLEANING STAFF, MAINTENANCE SERVICES AS NEEDED AND A GROUNDSKEEPER. THE UNIVERSITY PROVIDES CHARTER TRAVEL FOR THE PRESIDENT'S TRAVEL NEEDS. THE PRESIDENT AND TUBBY SMITH, HEAD MEN'S BASKETBALL COACH, RECEIVE A HOUSING ALLOWANCE. THE UNIVERSITY PAYS COUNTRY CLUB DUES FOR THE PRESIDENT AND THE HEAD MEN'S BASKETBALL COACH. ANY TAXABLE INCOME RESULTING FROM THE PROVISION OF THE ABOVE ITEMS ARE REPORTED AS TAXABLE INCOME ON DR. QUBEIN'S AND TUBBY SMITH'S W-2. Schedule J, Part I, Line 3 AN INDEPENDENT CONSULTING FIRM WAS HIRED TO INITIALLY REVIEW THE COMPENSATION PACKAGE AND CONTINUES TO PROVIDE ONGOING GUIDANCE/REVIEW. Schedule J, Part I, Line 4 DR. NIDO QUBEIN, PRESIDENT, RECEIVED A CONTRIBUTION TO HIS 457F PLAN IN THE AMOUNT OF 465,000. MR. DENNY BOLTON, FORMER EXECUTIVE VICE PRESIDENT, RECEIVED A SEVERANCE PAYMENT OF $150,000. MR. SCOTT CHERRY, FORMER HEAD MEN'S BASKETBALL COACH, RECEIVED A SEVERANCE PAYMENT OF $166,667. A NC CAPITAL FACILITIES FINANCE AGENCY 561592154 65818PJB6 2011-07-07 20485000 CAPITAL SPENDING 0 0 0 B NC CAPITAL FACILITIES FINANCE AGENCY 561592154 65818PJY6 2012-07-11 62490000 SEE PART VI 0 0 0 C NC CAPITAL FACILITIES FINANCE AGENCY 561592154 000000000 2015-10-22 80630000 SEE PART VI 0 0 0 A 4520000 0 20515791 0 0 0 468614 0 0 2047176 0 0 2012 0 0 1 1 B 20185000 0 64937344 0 0 0 711927 0 0 64225417 0 0 2014 1 0 1 1 C 5112000 0 80630000 0 0 0 188145 0 0 80441855 0 0 2016 1 0 1 1 A 0 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 0 A 0 0 1 0 0 0 0 0 0 B 0 0 0 1 0 0 0 0 0 C 0 1 0 0 1 0 0 0 0 A 0 B 0 C 0 Schedule K, Part I, Column f-07/07/2011 20,485,000 NC CAPITAL FACILITIES FINANCE AGENCY $7,500,000 TO REFUND NCCFFA EDUCATIONAL FAC REV BONDS (HIGH POINT UNIVERSITY), SERIES 2006 ISSUED 12/14/2006. $6,610,000 TO REFUND NCCFFA EDUCATIONAL FAC REV BONDS (HIGH POINT UNIVERSITY), SERIES 2007, ISSUED 10/11/2007. $12,000,000 TO REFUND NCCFFA EDUCATIONAL FAC REV BONDS (HIGH POINT UNIVERSITY), SERIES 2008, ISSUED 06/18/2008. $21,055,125 TO BE APPLIED TO PREPAYMENT OF BB&T 2010 TERM LOAN. $2,486,670.92 TO BE APPLIED TO BB&T REFUNDING LOAN. $923,434.29 TO BE APPLIED TO PREPAYMENT OF DOE LOAN. $1,295,671.89 TO BE APPLIED TO PREPAYMENT OF THE HIGH POINT BANK LOAN. $3,268,726.39 TO BE APPLIED TO THE PREPAYMENT OF THE WELLS FARGO LINE OF CREDIT. $9,017,274.34 FOR HEALTH SCIENCE, CENTER FOR EXCELLENCE, ATHLETIC PERFORMANCE CENTER AND ISSUANCE EXPENSE. Schedule K, Part I, Column f-10/22/2015 80,630,000 NC CAPITAL FACILITIES FINANCE AGENCY $19,950,000 TO REFUND NCCFFA EDUCATIONAL FAC REV BONDS (HIGH POINT UNIVERSITY), SERIES 2006, ISSUED 12/14/2006. $21,490,000 TO REFUND NCCFFA EDUCATIONAL FAC REV BONDS (HIGH POINT UNIVERSITY), SERIES 2007, ISSUED 10/11/2007. $30,000,000 TO REFUND NCCFFA EDUCATIONAL FAC REV BONDS (HIGH POINT UNIVERSITY), SERIES 2008, ISSUED 06/18/2008. $9,190,000 HEALTH SCIENCES FACILITIES AND ISSUANCE EXPENSE. Schedule K, Part II, Line 3-07/07/2011 20,485,000 NC CAPITAL FACILITIES FINANCE AGENCY $30,791 INTEREST EARNED ON BOND. Schedule K, Part II, Line 3-07/11/2012 62,490,000 NC CAPITAL FACILITIES FINANCE AGENCY $68,514 INTEREST EARNED ON BOND. BOND ISSUED WITH AN ORIGINAL ISSUE PREMIUM OF $2,378,830. Schedule K, Part IV, Line 2c-07/11/2012 62,490,000 NC CAPITAL FACILITIES FINANCE AGENCY HIGH POINT UNIVERSITY HIRED BINGHAM ARBITRAGE REBATE SERVICES, INC. TO COMPLETE ITS ARBITRAGE REBATE CALCULATION AS OF MAY 1, 2017, THE FIRST INSTALLMENT EVALUATION DATE. AFTER THEIR REVIEW, IT WAS DETERMINED THAT HIGH POINT UNIVERSITY DID NOT OWE AN ARBITRAGE REBATE PAYMENT TO THE IRS. BB&T NIDO QUBEIN, PRESIDENT, IS ON BOARD OF DIRECTORS OF BB&T. CHRIS HENSEN, COO FOR BB&T ON HPU BOT. 7864632 HIGH POINT UNIVERSITY DOES BANKING AND HAS LINES OF CREDIT WITH BB&T. 0 BUDD GROUP THE BUDD GROUP CEO, JOSEPH BUDD, IS THE SON OF TRUSTEE RICHARD BUDD. 7071572 THE BUDD GROUP IS CONTRACTED TO PERFORM MAINTENANCE, GROUNDS KEEPING AND JANITORIAL SERVICES FOR HIGH POINT UNIVERSITY. 0 CREATIVE SERVICES INC OWNERS OF CREATIVE SERVICES ARE THE CHILDREN OF NIDO QUBEIN, PRESIDENT. 1419721 CREATIVE SERVICES PROVIDES PUBLIC RELATIONS AND MARKETING MATERIALS FOR THE UNIVERSITY. THE COMPANY HAS DONE BUSINESS WITH THE UNIVERSITY SINCE 1994, 12 YEARS BEFORE THE CURRENT PRESIDENT TOOK OFFICE. 0 SOUTHEASTERN BUILDING SERVICES INC MIRIAM KIMSEY, TRUSTEE, IS THE VICE PRESIDENT OF SOUTHEASTERN BUILDING INC. 399517 THE COMPANY PROVIDES HVAC MAINTENANCE AND REPAIR SERVICES TO VARIOUS CAMPUS BUILDINGS. 0 X 1 5900 FMV X 27 347043 FMV 0 0 1 1 Schedule M, Part I, Line 32b OCCASIONALLY THE ORGANIZATION RECEIVES REAL ESTATE AS A GIFT AND WILL HIRE AN INDEPENDENT REAL ESTATE AGENT TO SELL THE PROPERTY. Schedule M, Part I, Line 33 THE UNIVERSITY ONLY RECOGNIZES THROUGH REVENUE THOSE NON-CASH CONTRIBUTIONS EXTERNALLY VALUED IN EXCESS OF A SET AMOUNT PER UNIVERSITY POLICY. IF NON-CASH GIFTS ARE RECEIVED THAT ARE VALUED AT LESS THAN OUR PRE-DETERMINED POLICY AMOUNT, THE GIFT IS SUBSTANTIATED TO THE DONOR WITHOUT A VALUE AND IS NOT RECORDED IN REVENUE. Form 990, Part VI, Section A, Line 2 BOARD OF TRUSTEE MEMBER GENE AND WILLIAM KESTER HAVE A FAMILY RELATIONSHIP. Form 990, Part VI, Section B, Line 11b THE FORM 990 IS PREPARED IN THE OFFICE OF THE VICE PRESIDENT FOR FINANCIAL AFFAIRS AND IS REVIEWED BY THE AUDIT FIRM AND LEGAL COUNSEL. THE FORM 990 IS THEN REVIEWED AND APPROVED BY THE UNIVERSITY PRESIDENT WITH COPIES MADE AVAILABLE FOR REVIEW TO THE BOARD OF TRUSTEES. Form 990, Part VI, Section B, Line 12c EACH OFFICER OF THE ORGANIZATION IS REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT AGREEMENT WHICH THE UNIVERSITY MONITORS ON AN ONGOING BASIS AND REVIEWS THOROUGHLY AT LEAST ANNUALLY. Form 990, Part VI, Section B, Line 15 AN INDEPENDENT CONSULTING FIRM WAS HIRED TO INITIALLY REVIEW THE COMPENSATION PACKAGE AND CONTINUES TO PROVIDE ONGOING GUIDANCE AND REVIEWS TO THE BOARD OF TRUSTEES COMPENSATION COMMITTEE. Form 990, Part VI, Section C, Line 19 THE UNIVERSITY MAKES LEGALLY REQUIRED DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part XI, Line 9 Change in Interest Rate Swap $1,910,377. 1924 HOLDINGS LLC ONE UNIVERSITY PARKWAY HIGH POINT NC 27268 900660924 RENTAL NC 257186 17504991 HIGH POINT UNIVERSITY LONGLEAF PINE REALTY LLC 101 NORTH TRYON STREET SUITE 1900 CHARLOTTE NC 28246 REAL ESTATE PURCHASES NC 0 0 HIGH POINT UNIVERSITY OLYMPUS REALTY LLC 101 NORTH TYRON STREET SUITE 1900 CHARLOTTE NC 28246 REAL ESTATE PURCHASES NC 0 0 HIGH POINT UNIVERSITY LILY PAD INVESTORS LLC P O BOX 1550 HIGH POINT NC 27261 REAL ESTATE PURCHASES NC 0 0 HIGH POINT UNIVERSITY THE UNIVERSITY REQUESTED AND RECEIVED APPROVAL TO FILE THE TAX RETURN ON EXTENSION USING FORM 8868.