2020-04-09T19:58:59-05:00 2019-05-31 BDO USA LLP 1100 PEACHTREE ST NE 700 ATLANTA GA 30309 990 2018-06-01 560529940 CAMPBELL UNIVERSITY INC % DR JOHN ROBERSON CAMP 9108931240 POST OFFICE BOX 97 BUIES CREEK NC 27506 DR J BRADLEY CREED PRESIDENT 9108931240 2020-04-08 true SANDRA L FEINSMITH P01064157 4046886841 2020-04-08 38.132.154.29 54621820201005000054 2020-04-09 P E787C8B6B027ED8334A2B864AAF2ECD3B17AF592 F1629F6A3F74945AEE6FE2E323340EE9C36B3F52 2018 2020-09-22 18:59:49Z J BRADLEY CREED POST OFFICE BOX 97 BUIES CREEK NC 27506 470254699 false X WWW.CAMPBELL.EDU X 1887 NC SEE SCHEDULE O 34 32 3223 42 541101 73840 18461371 25171619 208763460 209383141 11833650 11854837 2481698 3625895 241540179 250035492 72961397 75161901 0 0 87612674 91967894 0 0 3752057 82262216 75026285 242836287 242156080 -1296108 7879412 546244906 568606539 141741520 168461223 404503386 400145316 X TO GRADUATE STUDENTS WITH EXEMPLARY ACADEMIC AND PROFESSIONAL SKILLS WHO ARE PREPARED FOR PURPOSEFUL LIVES AND MEANINGFUL SERVICE. THE UNIVERSITY IS INFORMED AND INSPIRED BY ITS BAPTIST HERITAGE AND THREE BASIC THEOLOGICAL AND BIBLICAL PRESUPPOSITIONS: LEARNING IS APPOINTED AND CONSERVED BY GOD AS ESSENTIAL TO THE FULFILLMENT OF HUMAN DESTINY; IN CHRIST ALL THINGS CONSIST AND FIND ULTIMATE UNITY; AND THE KINGDOM OF GOD IN THE WORLD IS ROOTED AND GROUNDED IN CHRISTIAN COMMUNITY. THE UNIVERSITY EMBRACES THE CONVICTION THAT THERE IS NO CONFLICT BETWEEN THE LIFE OF FAITH AND THE LIFE OF INQUIRY. false false 135393543 185976932 STUDENT EDUCATION SERVICES INCLUDING EDUCATION ADMINISTRATION AND INSTITUTIONAL SUPPORT. THE UNIVERSITY SERVED A TOTAL ENROLLMENT OF 6,448 STUDENTS BASED ON FALL 2018 IPEDS REPORTING. THE UNIVERSITY OFFERS UNDERGRADUATE, GRADUATE AND PROFESSIONAL DEGREES IN ARTS AND SCIENCES, LAW, DIVINITY, PHARMACY, CLINICAL RESEARCH, EDUCATION, BUSINESS, OSTEOPATHIC MEDICINE, PHYSICAL THERAPY, PHYSICIAN ASSISTANT PRACTICE AND PUBLIC HEALTH. 75161901 75161901 STUDENT AID TO QUALIFIED STUDENTS 9867559 21726806 AUXILIARY ENTERPRISES INCLUDING STUDENT HOUSING, FOOD SERVICES, BOOKSTORE, AND OPERATION OF KEITH HILLS GOLF COURSE. 1443949 4670471 221866952 true true false false false false false false false true true false false false true false false true true false true false false false true false false false true true true false false false false false false false true false true true false false false true true true true false false true 479 0 true 3223 true true true false false false false false false false false false false false X 34 32 true false true false false false false true true false false true true true true true false true true false NC X DR JOHN ROBERSON 9108931205 POST OFFICE BOX 127 BUIES CREEK NC 27506 BENJAMIN N THOMPSON CHAIR 8.0 1.0 X X 0 0 0 LEAH DEVLIN VICE-CHAIR 4.0 1.0 X X 0 0 0 TERRENCE BAGLEY TRUSTEE 2.0 0.0 X 0 0 0 ROBERT J BARKER SR TRUSTEE 2.0 1.0 X 0 0 0 TRAVIS BURT TRUSTEE 2.0 0.0 X 0 0 0 TEDDY BYRD TRUSTEE 2.0 0.0 X 0 0 0 R HENRY CAPPS JR TRUSTEE 2.0 0.0 X 0 0 0 DAVID CLARK TRUSTEE 2.0 0.0 X 0 0 0 ALLISON COBB TRUSTEE 2.0 0.0 X 0 0 0 DAVID COURIE SR TRUSTEE 2.0 0.0 X 0 0 0 DEXTER FLOYD TRUSTEE 2.0 0.0 X 0 0 0 DON YATES GORDON TRUSTEE 2.0 0.0 X 0 0 0 JOSEPH HALL JR TRUSTEE 2.0 0.0 X 0 0 0 OSCAR HARRIS TRUSTEE 2.0 0.0 X 0 0 0 DAVID J HAILEY TRUSTEE 2.0 0.0 X 0 0 0 MOLLY HELD TRUSTEE 2.0 0.0 X 0 0 0 ANNA DREW KIRK TRUSTEE 2.0 0.0 X 0 0 0 GENE LEWIS TRUSTEE 2.0 0.0 X 0 0 0 ELAINE MARSHALL TRUSTEE 2.0 0.0 X 0 0 0 CARLIE C MACK MCLAMB JR TRUSTEE 2.0 0.0 X 0 0 0 JERRY MILTON TRUSTEE 2.0 0.0 X 0 0 0 JIM PERRY TRUSTEE 2.0 0.0 X 0 0 0 WILLIAM PULLY TRUSTEE 2.0 0.0 X 0 0 0 ROBERT RANSDELL TRUSTEE 2.0 0.0 X 0 0 0 HENRY L SMITH TRUSTEE 2.0 0.0 X 0 0 0 LUTHER D STARLING JR TRUSTEE 2.0 0.0 X 0 0 0 FRED H TAYLOR TRUSTEE 2.0 1.0 X 0 0 0 BARBARA WALKER TRUSTEE 2.0 0.0 X 0 0 0 ROBERT WELLONS TRUSTEE 2.0 0.0 X 0 0 0 HAROLD B WELLS TRUSTEE 2.0 0.0 X 0 0 0 DAVID WHARTON TRUSTEE 2.0 0.0 X 0 0 0 ROBERT L WHITEMAN TRUSTEE 2.0 1.0 X 0 0 0 MARY WILLIS TRUSTEE 2.0 0.0 X 0 0 0 LUBY WOOD TRUSTEE 2.0 0.0 X 0 0 0 GUILFORD W BASS LIFETIME TRUSTEE 1.0 0.0 X 0 0 0 ED BYRD LIFETIME TRUSTEE 1.0 1.0 X 0 0 0 HELEN CURRIN LIFETIME TRUSTEE 1.0 0.0 X 0 0 0 ANNABELLE FETTERMAN LIFETIME TRUSTEE 1.0 0.0 X 0 0 0 ESTER HOWARD LIFETIME TRUSTEE 1.0 0.0 X 0 0 0 BERNARD MCLEOD JR LIFETIME TRUSTEE 1.0 0.0 X 0 0 0 SADIE NEEL LIFETIME TRUSTEE 1.0 0.0 X 0 0 0 WILLARD D SMALL LIFETIME TRUSTEE 1.0 0.0 X 0 0 0 J BRADLEY CREED PRESIDENT 65.0 1.0 X 441902 0 28850 JAMES ROBERTS VICE-PRESIDENT FOR BUSINESS 60.0 1.0 X 186601 0 22850 JOHN ROBERSON EXEC ASST TO THE PRESIDENT 50.0 1.0 X 152704 0 17410 JULIE BYRD COMPTROLLER, TREASURER 50.0 1.0 X 116526 0 16610 JOHN KAUFFMAN DEAN, COLLEGE OF OSTEOPATHIC 60.0 0.0 X 403104 0 29060 J RICH LEONARD DEAN, SCHOOL OF LAW 55.0 0.0 X 301801 0 28660 DAVID TOLENTINO ASSOC DEAN CLINICAL AFFAIRS 60.0 0.0 X 269359 0 29060 JAMES E POWERS ASSOC DEAN CLINICAL INTEGRAT'N 65.0 0.0 X 266619 0 29060 HAROLD ELLIOTT CHAIR, DEPT OF PSYCHIATRY 60.0 0.0 X 261218 0 28395 2399834 0 229955 170 false true false parish group 2 trailridge road ASHEVILLE NC 28804 PUBLICATION 1626001 GREEN SOUTH LANDSCAPING CO 1318 TYSINGER RD LILLINGTON NC 27546 LANDSCAPING 456705 ACADEMY BUS LLC PO BOX 1410 HOBOKEN NJ 07030 TRANSPORTATION 323018 cenergistic LLC PO BOX 650823 DALLAS TX 75265 energy management 269305 BDO USA LLP PO BOX 642743 PITTSBURG PA 15264 AUDIT/TAX/ACCOUNTING 255329 10 52711 7910147 17208761 757652 25171619 TUITION & FEES 900099 185976932 185976932 AUXILIARY ENTERPRISES 713910 21752432 21726806 25626 ATHLETICS, STUDENT SERVICES 900099 830413 830413 NCAA CONFERENCE DISTRIBUTIONS 900099 604170 604170 SCHOOLS & CAMPS 611710 127120 84179 42941 92074 92074 209383141 4853435 4853435 0 0 136951 136951 0 136951 71176 65775 227036588 220035186 7001402 7001402 7001402 6170 52711 17221 -11051 -11051 0 0 0 187791 166800 20991 20991 TUNKU ABDUL RAHMAN COLLEGE 900099 163815 163815 OTHER REVENUE 900099 3231403 2824644 406759 PHARMACY ANALYTICAL LAB 541380 83786 83786 3479004 250035492 212374209 541101 11948563 0 75161901 75161901 0 0 983453 640866 342587 0 74347308 70345508 2129188 1872612 4781474 4473060 172755 135659 6431399 5998079 273959 159361 5424260 5100308 180948 143004 583792 583792 201080 201080 294212 294212 0 0 0 8954491 8805511 148980 2912258 2215828 696430 993385 932478 38864 22043 4947534 4540721 208491 198322 0 9972345 9845569 76214 50562 5145859 5029889 51731 64239 0 968596 738290 150097 80209 2873349 2672215 201134 0 13055385 7572123 5483262 2167956 407371 1760482 103 INSTITUTIONAL SUPPORT 10749403 5831736 4721645 196022 AUXILIARY ENTERPRISES 5566332 5566332 STUDENT SERVICES 1836538 1691394 13450 131694 INSTRUCTIONAL SERVICES 1540135 1452143 87992 2263635 2261838 1797 242156080 221866952 16537071 3752057 7466 7342 15641204 32973499 8557032 10246801 9235830 5659561 0 0 0 0 4606087 8080189 680057 600133 325550 3096789 462541961 135805015 299068735 326736946 204007641 177013339 562574 562574 0 0 0 0 3552730 3629366 546244906 568606539 9702607 11248067 0 0 6006305 6680258 65957790 62094189 0 0 0 0 40355977 64174296 0 0 19718841 24264413 141741520 168461223 X 209293681 218037761 83977865 64247996 111231840 117859559 404503386 400145316 546244906 568606539 X 7879412 -11185779 94844 -1146547 X X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 149437784 5773403 970253 10386117 -6702111 152497434 143109273 2087715 8710129 4600312 -130979 149437784 135803435 2278567 9466857 4439586 143109273 133564944 7495084 -2286760 3376616 -406783 135803435 124569754 2038371 10560218 3603399 133564944 0.73210 0.26790 false false 794000 32229208 33023208 340845998 92233354 248612644 110362 20532 89830 34542040 15480670 19061370 54020353 28070459 25949894 326736946 0 ADVANCES & DEPOSITS 4103161 ANNUITIES PAYABLE 4795890 ADVANCES FROM GOVT FOR FEDERAL 3425568 SWAP DERIVATIVES 3823085 OTHER 8116709 24264413 Form 990, Schedule D, Part V, Line 4 THE MISSION OF CAMPBELL UNIVERSITY'S ENDOWMENT IS TO SUPPORT THE UNIVERSITY'S ACTIVITIES IN PERPETUITY WHILE MAINTAINING INTERGENERATIONAL EQUITY. OVER THE YEARS, THE GROWTH OF THE ENDOWMENT HAS ENABLED THE UNIVERSITY TO IMPROVE FINANCIAL AID PACKAGES, BUILD THE FACULTY, LAUNCH PROGRAMS AND SUPPORT A WIDE RANGE OF IMPORTANT NEEDS. THE PURPOSE OF THE BULK OF THE UNIVERSITY'S ENDOWMENT IS TO PROVIDE MERIT AND NEED-BASED SCHOLARSHIPS TO STUDENTS. FUNDING IS ALSO PROVIDED BY THE ENDOWMENT FOR PROFESSORSHIPS AND LECTURE SERIES. true true true true true true true false false false false false false false false true false true FORM 990, SCHEDULE E, LINE 3: EXPLANATION OF NONDISCRIMINATION POLICY: THE UNIVERSITY'S NONDISCRIMINATION POLICY IS AVAILABLE ON THE UNIVERSITY'S WEBSITE AND IS PUBLISHED IN UNIVERSITY ADS AND PUBLICATIONS. CAMPBELL UNIVERSITY IS A FEDERAL CONTRACTOR AND COMMITTED TO ADMINISTERING ALL EDUCATIONAL AND EMPLOYMENT ACTIVITIES WITHOUT DISCRIMINATION AS TO RACE, COLOR, SEX, SEXUAL ORIENTATION, GENDER IDENTITY, AGE, ETHNICITY OR NATIONAL ORIGIN, RELIGION, DISABILITY, GENETIC INFORMATION, PROTECTED VETERAN STATUS AND ANY OTHER CHARACTERISTIC PROTECTED BY LAW, EXCEPT WHERE APPROPRIATE AND AUTHORIZED BY LAW. https://www.campbell.edu/employment/equal-employment-opportunityaffirmativ e-action-policy/ FORM 990, SCHEDULE E, LINE 6: EXPLANATION OF GOVERNMENT FINANCIAL AID: CAMPBELL UNIVERSITY RECEIVES THE FOLLOWING FEDERAL AID FROM THE US DEPARTMENT OF EDUCATION: FEDERAL WORK-STUDY PROGRAM, PELL GRANT, SUPPLEMENTAL EDUCATION OPPORTUNITY GRANT, PERKINS LOANS, FEDERAL DIRECT STUDENT LOANS, TEACHER EDUCATION ASSISTANCE GRANT. U.S. DEPARTMENT OF DEFENSE: RESERVE OFFICER TRAINING CORPS East Asia and the Pacific Program Services TRAVEL TO AWARD DEGREE 79291 Sub-Saharan Africa Program Services MISSION TRIPS 26215 Europe (Including Iceland and Greenland) Program Services PUBLICATIONS 2181 Europe (Including Iceland and Greenland) Program Services STUDY ABROAD 22547 Central America and the Caribbean Program Services MISSION TRIP 33240 Central America and the Caribbean Program Services LAW SCHOOL TRIP 1700 Middle East and North Africa Program Services STUDY ABROAD 90250 North America Program Services VAR VENDOR PURCHASes 20344 Europe (Including Iceland and Greenland) Program Services VAR VENDOR PURCHASes 15422 South Asia Program Services VAR VENDOR PURCHASes 400 291590 291590 false false false false false false GOLF TOURNAMENT 26065 22975 3090 5088 4768 3263 CUSTOM PAGEANT 16538 13458 3080 169 750 2084 1 16278 16278 1099 58881 52711 6170 5257 5518 6446 17221 -11051 true INSTITUTIONAL AID 3330 56013685 DIRECT AID SCHOLARSHIPS 344 994943 ENDOWED SCHOLARSHIPS 1291 10386117 STATE FUNDS FOR UNIVERSITY STUDENTS 1634 7767156 FORM 990, SCHEDULE I, PART I, LINE 2: CAMPBELL UNIVERSITY PARTICIPATES IN BOTH FEDERAL AND STATE GRANT PROGRAMS. ALL GRANT PROGRAMS INCLUDE ELIGIBILITY REQUIREMENTS, REPORTING REQUIREMENTS AND FUND MANAGEMENT REGULATIONS AND GUIDELINES. STUDENTS ARE AWARDED ACCORDING TO EACH PROGRAM'S GUIDELINES ONCE ELIGIBILITY HAS BEEN DETERMINED FOR THAT FUND. ELIGIBILITY IS REVIEWED BEFORE TRANSMITTAL/DISBURSEMENT TO THE STUDENT'S ACCOUNT. EACH FEDERAL AND STATE PROGRAM HAS PREDETERMINED REPORTING GUIDELINES AND STANDARDS. THE FUNDS ARE RECONCILED AND FUND BUDGETS ARE REVIEWED MONTHLY. X X X X X true true X X X X false false false false false false false false false J BRADLEY CREED PRESIDENT 440230 0 0 0 1672 0 21600 0 7250 0 470752 0 0 0 JAMES ROBERTS VICE-PRESIDENT FOR BUSINESS 182610 0 0 0 3991 0 15600 0 7250 0 209451 0 0 0 JOHN ROBERSON EXEC ASST TO THE PRESIDENT 152178 0 0 0 526 0 10560 0 6850 0 170114 0 0 0 JOHN KAUFFMAN DEAN, COLLEGE OF OSTEOPATHIC 402588 0 0 0 516 0 22000 0 7060 0 432164 0 0 0 J RICH LEONARD DEAN, SCHOOL OF LAW 300277 0 0 0 1524 0 22000 0 6660 0 330461 0 0 0 DAVID TOLENTINO ASSOC DEAN CLINICAL AFFAIRS 269239 0 0 0 120 0 22000 0 7060 0 298419 0 0 0 JAMES E POWERS ASSOC DEAN CLINICAL INTEGRAT'N 266439 0 0 0 180 0 22000 0 7060 0 295679 0 0 0 HAROLD ELLIOTT CHAIR, DEPT OF PSYCHIATRY 260702 0 0 0 516 0 21735 0 6660 0 289613 0 0 0 FORM 990, SCHEDULE J, PART I, LINE 1A: UNIVERSITY LEASES THE HOME OF THE CHANCELLOR OF THE UNIVERSITY, DR. JERRY M. WALLACE, AND REIMBURSES HIM FOR SOME EXPENSES OF THE HOME. ADDITIONAL SERVICES INCLUDING CLEANING AND LAWN MAINTENANCE ARE PROVIDED BY THE UNIVERSITY. FORM 1099-MISC IS ISSUED TO DR. WALLACE ANNUALLY REPORTING RENTAL INCOME. PRESIDENT CREED LIVES IN A UNIVERSITY-OWNED RESIDENCE CONTIGUOUS TO THE CAMPUS. PERSONAL SERVICES RELATED TO THE HOME ARE PROVIDED BY THE UNIVERSITY. SPOUSAL AIRFARE WAS INCLUDED IN TAXABLE INCOME FOR PRESIDENT CREED AND JAMES ROBERTS. A NORTH CAROLINA CAPITAL FINANCE AGENCY 561592154 2014-07-10 58576250 REFUNDING false false false B NORTH CAROLINA CAPITAL FINANCE AGENCY 561592154 2015-10-20 20000000 CONSTRUCTION OF RESIDENCE HALL false false false A 14260835 0 58576250 0 0 0 175000 0 0 58401250 0 0 2011 true false true true B 1991592 0 20000000 0 0 0 123750 0 0 19876250 0 0 2017 false false false true A false false true true false 0 false false false true B false false false false 0 false false false true A false true true false false 0 false 0 false true B false true true false false 0 false 0 false true A true B true JERRY WALLACE CHANCELLOR 138557 SEE PART V false JAMES ROBERTS OFFICER 71185 SEE PART V false JERRY MILTON TRUSTEE 2989386 SEE PART V false ROBERT RANSDELL TRUSTEE 117045 SEE PART V false SUBSTANTIAL CONTRIBUTOR SUBSTANTIAL CONTRIBUTOR 255329 SEE PART V false SUBSTANTIAL CONTRIBUTOR SUBSTANTIAL CONTRIBUTOR 605481 SEE PART V false SUBSTANTIAL CONTRIBUTOR SUBSTANTIAL CONTRIBUTOR 1589601 SEE PART V false SUBSTANTIAL CONTRIBUTOR SUBSTANTIAL CONTRIBUTOR 214870 SEE PART V false SUBSTANTIAL CONTRIBUTOR SUBSTANTIAL CONTRIBUTOR 87911 SEE PART V false SCHEDULE L, PART IV - BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: JERRY WALLACE (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: CHANCELLOR (C) AMOUNT OF TRANSACTION: $138,557 (D) DESCRIPTION OF TRANSACTION: DR. WALLACE'S DAUGHTER IS EMPLOYED BY THE UNIVERSITY AS A PROFESSOR (E) SHARING OF ORGANIZATION REVENUES? = NO (A) NAME OF PERSON: JAMES ROBERTS (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: OFFICER (C) AMOUNT OF TRANSACTION: $71,185 (D) DESCRIPTION OF TRANSACTION: ROBERTS' SON & DAUGHTER EMPLOYED DURING THE YEAR. NEITHER REPORTS TO ROBERTS AND WERE QUALIFIED FOR POSITIONS WHEN HIRED (E) SHARING OF ORGANIZATION REVENUES? = NO (A) NAME OF PERSON: JERRY MILTON (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: TRUSTEE (C) AMOUNT OF TRANSACTION: $2,989,386 (D) DESCRIPTION OF TRANSACTION: MILTON IS PRESIDENT OF SOUTHEASTERN INTERIORS. UNIVERSITY USES COMPANY FOR VARIOUS CONSTRUCTION AND RENOVATION PROJECTS. THERE ARE SEVERAL OTHER COMPANIES IN CONNECTION WITH SOUTHEASTERN INTERIORS OWNED BY MILTON (E) SHARING OF ORGANIZATION REVENUES? = NO (A) NAME OF PERSON: ROBERT RANSDELL (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: TRUSTEE (C) AMOUNT OF TRANSACTION: $117,045 (D) DESCRIPTION OF TRANSACTION: RANSDELL IS A PARTNER WITH SOUTHERN SEEDS, INC. WHO PROVIDE THE UNIVERSITY WITH PROFESSIONAL TURF PRODUCTS (E) SHARING OF ORGANIZATION REVENUES? = NO (A) NAME OF PERSON: SUBSTANTIAL CONTRIBUTOR (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: SUBSTANTIAL CONTRIBUTOR (C) AMOUNT OF TRANSACTION: $255,329 (D) DESCRIPTION OF TRANSACTION: SERVES THE UNIVERSITY AS AUDITOR, TAX PREP (E) SHARING OF ORGANIZATION REVENUES? = NO (A) NAME OF PERSON: SUBSTANTIAL CONTRIBUTOR (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: SUBSTANTIAL CONTRIBUTOR (C) AMOUNT OF TRANSACTION: $605,481 (D) DESCRIPTION OF TRANSACTION: ONLINE SUBSCRIPTION SERVICE (E) SHARING OF ORGANIZATION REVENUES? = NO (A) NAME OF PERSON: SUBSTANTIAL CONTRIBUTOR (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: SUBSTANTIAL CONTRIBUTOR (C) AMOUNT OF TRANSACTION: $1,589,601 (D) DESCRIPTION OF TRANSACTION: UNIVERSITY BOOKSTORE OPERATIONS (E) SHARING OF ORGANIZATION REVENUES? = NO (A) NAME OF PERSON: SUBSTANTIAL CONTRIBUTOR (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: SUBSTANTIAL CONTRIBUTOR (C) AMOUNT OF TRANSACTION: $214,870 (D) DESCRIPTION OF TRANSACTION: INSURANCE FOR EMPLOYEES (E) SHARING OF ORGANIZATION REVENUES? = NO (A) NAME OF PERSON: SUBSTANTIAL CONTRIBUTOR (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: SUBSTANTIAL CONTRIBUTOR (C) AMOUNT OF TRANSACTION: $87,911 (D) DESCRIPTION OF TRANSACTION: OUTSIDE LEGAL COUNSEL (E) SHARING OF ORGANIZATION REVENUES? = NO X 33 601018 FMV ON DATE OF GIFT X VARIOUS EQUIPMENT USED IN PROGRAMS 5 34565 COMPARABLE EQUIPMENT X RETREAT FOOD & SUPPLIES 2 2069 COMPARABLE PRICING X ACCUTRUST SOFTWARE 1 120000 VENDOR PRICING 32 false true true SCHEDULE M, PART I, LINE 32A: THE UNIVERSITY USES A BROKERAGE FIRM TO SELL GIFTED STOCK. THE UNIVERSITY MAY USE REAL ESTATE AGENCIES TO OFFER PROPERTY FOR SALE. SCHEDULE M, PART I, LINE 33: THE UNIVERSITY DOES NOT RECORD CONTRIBUTION REVENUE FOR GIFTS IN KIND THAT ARE IMMATERIAL IN NATURE AND NOT OF VALUE TO THE SCHOOL'S MISSION. FORM 990, PART I, LINE 1 - ORGANIZATION'S MISSION TO GRADUATE STUDENTS WITH EXEMPLARY ACADEMIC AND PROFESSIONAL SKILLS WHO ARE PREPARED FOR PURPOSEFUL LIVES AND MEANINGFUL SERVICE. THE UNIVERSITY IS INFORMED AND INSPIRED BY ITS BAPTIST HERITAGE AND THREE BASIC THEOLOGICAL AND BIBLICAL PRESUPPOSITIONS: LEARNING IS APPOINTED AND CONSERVED BY GOD AS ESSENTIAL TO THE FULFILLMENT OF HUMAN DESTINY; IN CHRIST ALL THINGS CONSIST AND FIND ULTIMATE UNITY; AND THE KINGDOM OF GOD IN THE WORLD IS ROOTED AND GROUNDED IN CHRISTIAN COMMUNITY. THE UNIVERSITY EMBRACES THE CONVICTION THAT THERE IS NO CONFLICT BETWEEN THE LIFE OF FAITH AND THE LIFE OF INQUIRY. FORM 990, PART III, LINE 4D - OTHER PROGRAM SERVICES: OTHER PROGRAM SERVICES INCLUDE SECURITY PROVIDED TO THE COMMUNITY, UNIVERSITY PERFORMING ARTS SERIES, COMMUNITY RELATIONS EXPENDITURES, AND PAYMENTS TO ANNUITANTS UNDER CHARITABLE TRUST AGREEMENTS. FORM 990, PART VI, SECTION A, LINE 2: ANY RELATIONSHIPS ARE IN THE NORMAL COURSE OF BUSINESS. FORM 990, PART VI, SECTION A, LINE 4: University Bylaws were amended on 10/24/18 and 2/8/19. October changes were mainly clarifications of committee roles. The appointment and duties of committee chairperson, vice-chairperson & secretary were modified. February changes were made after the departure of the University's Vice-President for Business. Wording changes were necessary to dissociate the role of Corporate Treasurer from that job title. ARTICLE I BOARD OF TRUSTEES AMENDED LANGUAGE Section 1.1: Authority All contracts shall be signed by the President, or the Vice President for Business, or the Treasurer of the University; however, in some instances prior approval of contracts is required by the Board, depending on the level of approving authority delegated by the Board to its officers and/or staff of the University. SUPERSEDED LANGUAGE Section 1.1: Authority All contracts shall be signed by the President, or Vice President for Business, and Treasurer of the University; however, in some instances prior approval is required by the Board, depending on the level of authority delegated by the Board. ARTICLE II OFFICERS OF THE BOARD OF TRUSTEES AND THEIR DUTIES AMENDED LANGUAGE Section 2.1: Officers; Election The officers of the Board shall be a Chairperson, and Vice Chairperson, and such other officers as the Board may prescribe. The Chairperson and the Vice Chairperson shall be members of the Board and elected for a two (2) year term by the Board, which terms shall begin on January 1 following their election. SUPERSEDED LANGUAGE Section 2.1: Officers; Election The officers of the Board shall be a Chairperson, Vice Chairperson, Secretary, Treasurer, General Counsel, and such other officers as the Board may prescribe. The Chairperson and the Vice Chairperson shall be members of the Board and elected for a two (2) year term by the Board, which terms shall begin on January 1 following their election. The Secretary and the Treasurer may be elected from the staff of the University, and the General Counsel shall be an attorney licensed in North Carolina. These officers shall be elected by the Board and shall serve at the pleasure of the Board. AMENDED LANGUAGE Section 2.2: Duties of Officers of the Board A. Chairperson. The Chairperson shall preside at all meetings of the Board, preserve proper decorum, decide all questions of order, and appoint all committees unless otherwise ordered. B. Vice Chairperson. In case of the absence or disability of the Chairperson, the Vice Chairperson shall preside at meetings of the Board, and at such meetings shall preserve proper decorum and decide all questions of order. The Vice Chairperson shall not perform any of the other duties of the Chairperson unless authorized by the Board. SUPERSEDED LANGUAGE Section 2.2: Duties of Officers of the Board A. Chairperson. The Chairperson shall preside at all meetings of the Board, preserve proper decorum, decide all questions of order, and appoint all committees unless otherwise ordered. B. Vice Chairperson. In case of the absence or disability of the Chairperson, the Vice Chairperson shall preside at meetings of the Board, and at such meetings shall preserve proper decorum and decide all questions of order. The Vice Chairperson shall not perform any of the other duties of the Chairperson unless authorized by the Board. C. Secretary. The Secretary shall: (1) keep full and accurate minutes of all meetings of the Board and its committees; (2) furnish certified copies of the minutes and other official documents of the University under the seal of the University to such person(s) and/or organization(s) as the President or the Chairperson of the Board may direct; (3) promptly transmit to each trustee a copy of the minutes of the meetings of the Board and its Executive Committee and enroll the names of the members present at each meeting of the Board; notify all persons who are elected or appointed to any committee of the Board; (4) see that all bonds required of officers and employees of the University and the University are filed in his\her office; (5) preserve for ready reference all acts, rules and regulations of the Board, minutes, documents, reports and other papers belonging to the Board; (5) have custody of the corporate seal and shall affix said seal to all documents requiring the same; and (6) perform such other duties as the Board may assign consistent with the office. D. Treasurer. The Vice President for Business and Treasurer of the University shall: (1) be the Treasurer and have the custody of the Universitys funds and securities; (2) keep or cause to be kept a full and accurate account of receipts and disbursements in books belonging to the University; (3) deposit or cause to be deposited all moneys and other valuable effects in the name and to the credit of the University in such depositories as may be designated by the Board; (4) disburse or cause to be disbursed the funds of the University as required in the ordinary course of business or as may be ordered by the Board, taking proper vouchers for such disbursements; (5) shall render to the Chairperson, the President and trustees at the regular meetings of the Board, or whenever they may require it, an account of all transactions as Treasurer and the financial condition of the University; or (6) perform such other duties as may be consistent with the office or as prescribed by the Board. The Treasurer shall give the University a bond, if required by the Board, in a sum and with one or more sureties satisfactory to the Board for the faithful performance of the duties of the office and for the restoration to the University in case of the Treasurers death, resignation, retirement or removal from office, of all books, papers, vouchers, money and other property of whatever kind in the Treasurers possession or under the Treasurers control belonging to the University. E. Dual Office Holding. The offices of the Secretary and Treasurer may be held by the same person. F. General Counsel. The General Counsel shall be the legal counsel to the Board and the University. ARTICLE III COMMITTEES OF BOARD AMENDED LANGUAGE Section 3.2: Appointment and Duties of Committee Chairperson, Vice Chairperson SUPERSEDED Language Section 3.2: Appointment and Duties of Committee Chairperson, Vice Chairperson, and Secretary ARTICLE IV TITLES, RESPONSIBILITIES AND FUNCTIONS OF THE PRINCIPAL OFFICERS OF THE UNIVERSITY AMENDED LANGUAGE Section 4.1: Officers of the University B. Other Officers of the University shall be the (1) Secretary, (2) Treasurer, (3) the Vice Presidents for (i) Academic Affairs and Provost, (ii) Business, (iii) Student Life, and (iv) Institutional Advancement and (4), the Executive Vice President, all who shall report to the President and be periodically evaluated by the President. The Board shall appoint these officers, and may also designate and appoint such additional officers as may be necessary. SUPERSEDED Language Section 4.1: Administrative Officers of the University B. Other Administrative Officers of the University shall be the Vice Presidents for Academic Affairs and Provost, Business and Treasurer, Student Life, Institutional Advancement, the Executive Vice President, who shall report to the President and be periodically evaluated by the President. The Board shall appoint these officers, and may also designate and appoint such additional officers as may be necessary. AMENDED LANGUAGE Section 4.4: Delegation of Authority; Duties of Other Officers The President may delegate to officers or staff of the University those duties and responsibilities as shall be deemed necessary, not inconsistent with the Articles of Incorporation or these Bylaws. This shall in no way reduce the Presidents overall responsibility or in any way relieve the responsibility for those duties, which may be delegated. SUPERSEDED Language Section 4.4: Delegation of Authority; Duties of Other Officers The President may delegate to officers of the University those duties and responsibilities as shall be deemed necessary. This shall in no way reduce the Presidents overall responsibility or in any way relieve the responsibility for those duties which may be delegated. AMENDED LANGUAGE Section 4.5: Duties of Secretary. The Secretary shall: (1) keep full and accurate minutes of all meetings of the Board and its committees; (2) furnish certified copies of the minutes and other official documents of the University under the seal of the University to such person(s) and/or organization(s) as the President or the Chairperson of the Board may direct; (3) promptly transmit to each trustee a copy of the minutes of the meetings of the Board and its Executive Committee and enroll the names of the members present at each meeting of the Board; notify all persons who are elected or appointed to any committee of the Board; (4) see that all bonds required of officers and employees of the University and the University are filed in his\her office; (5) preserve for ready reference all acts, rules and regulations of the Board, minutes, documents, reports and other papers belonging to the Board; (5) have custody of the corporate seal and shall affix said seal to all documents requiring the same; and (6) perform such other duties as the Board may assign consistent with the office. SUPERSEDED Language Section 4.5: Duties of Secretary. blank Amended language Section 4.6: Duties of the Treasurer The Treasurer of the University shall: (1) have the custody of the Universitys funds and securities; (2) keep or cause to be kept a full and accurate account of receipts and disbursements in books belonging to the University; (3) deposit or cause to be deposited all moneys and other valuable effects in the name and to the credit of the University in such depositories as may be designated by the Board; (4) disburse or cause to be disbursed the funds of the University as required in the ordinary course of business or as may be ordered by the Board, taking proper vouchers for such disbursements; (5)shall render to the Chairperson, the President and trustees at the regular meetings of the Board, or whenever they may require it, an account of all transactions as Treasurer and the financial condition of the University; or (6) perform such other duties as may be consistent with the office or as prescribed by the Board. The Treasurer shall give the University a bond, if required by the Board, in a sum and with one or more sureties satisfactory to the Board for the faithful performance of the duties of the office and for the restoration to the University in case of the Treasurers death, resignation, retirement or removal from office, of all books, papers, vouchers, money and other property of whatever kind in the Treasurers possession or under the Treasurers control belonging to the University. SUPERSEDED Language Section 4.6: Duties of the Treasurer blank FORM 990, PART VI, SECTION B, LINE 11B: DETAILED REVIEW OF THE FORM 990 IS COMPLETED BY THE UNIVERSITY'S EXECUTIVE ASSISTANT TO THE PRESIDENT, THE ASST VICE-PRESIDENT FOR BUSINESS AND THE COMPTROLLER. THE UNIVERSITY THEN PROVIDES DRAFT COPIES OF FORM 990 TO ALL VOTING MEMBERS OF THE BOARD OF TRUSTEES. THE DRAFT COPY IS EMAILED TO ALL TRUSTEES. ALL MEMBERS ARE REQUESTED TO RESPOND TO THE VICE-PRESIDENT FOR BUSINESS AND TREASURER CONFIRMING REVIEW AND WITH APPROVAL FOR FILING. THIS PROCESS IS COMPLETED BEFORE SUBMISSION TO THE IRS. THE VICE-PRESIDENT FOR BUSINESS AND TREASURER CONFIRMING REVIEW AND WITH APPROVAL FOR FILING. THIS PROCESS IS COMPLETED BEFORE SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C: MEMBERS OF THE BOARD OF TRUSTEES ABSTAIN FROM VOTING IF THE VOTE INVOLVES: 1) AN ENTITY IN WHICH THE TRUSTEE HAS A MATERIAL FINANCIAL INTEREST OR IN WHICH THE TRUSTEE IS A GENERAL PARTNER OF A PARTY TO A TRANSACTION WITH THE UNIVERSITY; OR 2) ANOTHER ENTITY OF WHICH THE TRUSTEE IS A BOARD MEMBER OR AN OFFICER AND WHEN THE ENTITY IS A PARTY TO THE TRANSACTION AND THE TRANSACTION IS OR SHOULD BE CONSIDERED BY THE BOARD. ADDITIONALLY, THE UNIVERSITY REQUESTS EACH MEMBER OF ITS BOARD OF TRUSTEES COMPLETE A "CONFLICT OF INTEREST DISCLOSURE QUESTIONNAIRE". THESE ARE REVIEWED BY THE VICE-PRESIDENT FOR BUSINESS AND TREASURER. FORM 990, PART VI, SECTION B, LINES 15A: THE PRESIDENT'S COMPENSATION IS REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. AN EVALUATION OF THE PRESIDENT'S PERFORMANCE IN ALL AREAS OF RESPONSIBILITY IS COMPLETED AND DOCUMENTED. A COMPARISON OF PERFORMANCE BETWEEN YEARS IS REVIEWED. EXTERNAL AND PUBLISHED DATA FROM PEER INSTITUTIONS IS REVIEWED FOR REASONABLENESS OF COMPENSATION. FORM 990, PART VI, SECTION B, LINES 15B: THE PRESIDENT OF THE UNIVERSITY ANNUALLY REVIEWS COMPENSATION USING PUBLISHED SALARY INFORMATION COMPILED BY THE NC ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES, THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION OF HUMAN RESOURCES AND OTHER AVAILABLE SOURCES FOR COMPARABILITY. THE BUDGET IS APPROVED BY THE UNIVERSITY'S BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 18: DOCUMENTS ARE RETAINED IN THE OFFICE OF THE EXECUTIVE VICE PRESIDENT/CORPORATE SECRETARY. THE OFFICE IS OPEN DURING REGULAR BUSINESS HOURS. DOCUMENTS ARE AVAILABLE UPON REQUEST IN PERSON OR UPON WRITTEN REQUEST. FORM 990, PART VI, SECTION C, LINE 19: NOT MADE AVAILABLE TO THE PUBLIC. Form 990, Part XI, Line 8: Prior Period Adjustments 94,844 Form 990, Part XI, Line 9: Other Changes in Net Assets: Change in Value of Split-Interest Agreements 36,778 Change in Value of Interest Rate Swaps (1,183,325) ============ Total (1,146,547) Form 990, Part XII, Line 2c: The University established a Budget & Finance Committee. Chair of the Audit Committee serves as an ad hoc member of this committee. The Chair of the Budget & Finance Committee serves as an ad hoc member of the Audit Committee. 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