2020-11-16T10:43:24-06:00 2020-06-30 570381582 ELLIOTT DAVIS LLCPLLC 500 EAST MOREHEAD STREET SUITE 700 CHARLOTTE NC 28202 990 2019-07-01 560529990 PFEIFFER UNIVERSITY PFEI 7044631360 PO BOX 960 MISENHEIMER NC 28109 DR SCOTT W BULLARD PRESIDENT 7044631360 2020-11-13 1 JANICE A RATICA P00358837 7043338881 2020-11-12 104.129.205.9 2020-11-13 11:18:44 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 ED2830208F9A1A7EFFCD1C844B12EBE0CC3BE764 2019 2021-01-29 14:40:06Z DR SCOTT W BULLARD PO BOX 960 MISENHEIMER NC 28109 47838407 0 X WWW.PFEIFFER.EDU X 1938 NC PFEIFFER UNIVERSITY IS A COMPREHENSIVE UNITED METHODIST-RELATED UNIVERSITY, WITH MULTIPLE CAMPUSES AND DELIVERY SYSTEMS, COMMITTED TO EDUCATIONAL EXCELLENCE, SERVICE, AND SCHOLARSHIP. WITHIN NURTURING COMMUNITIES OF LEARNERS, WE VALUE DIVERSITY AND PROMOTE THE ATTAINMENT OF FULL ACADEMIC AND PERSONAL POTENTIAL THROUGH ACCESSIBLE UNDERGRADUATE AND GRADUATE PROGRAMS. IT IS THE VISION OF THE UNIVERSITY THAT OUR STUDENTS EMBRACE THE CHRISTIAN VALUES OF HUMAN DIGNITY, INTEGRITY, AND SERVICE AND BECOME SERVANT LEADERS AND LIFELONG LEARNERS. 21 21 347 150 0 0 3437643 10747606 34623183 35706181 2352519 1193330 639940 170418 41053285 47817535 13864034 14499096 0 0 15870735 14201864 0 0 537539 13849411 12312575 43584180 41013535 -2530895 6804000 61698644 68487600 45356946 46085664 16341698 22401936 X PFEIFFER IS A GLOBALLY ENGAGED, REGIONAL UNIVERSITY DISTINCTIVE FOR ITS TRANSFORMATIONAL UNDERGRADUATE EXPERIENCES AND ITS LEADERSHIP IN PROFESSIONAL AND GRADUATE PROGRAMS THAT FILL DEMONSTRATED NEEDS. VESTED IN ITS HISTORY AS A UNITED METHODIST-RELATED UNIVERSITY, AND PROPELLED FORWARD BY AN INNOVATIVE FACULTY, PFEIFFER PREPARES ITS STUDENTS FOR A LIFETIME OF ACHIEVEMENT, SCHOLARSHIP, SPIRITUALITY, AND SERVICE. 0 0 33720401 14499096 35729709 IN THE 2019 AND 2020 SCHOOL YEAR, 150+ FACULTY, STAFF, AND STUDENTS PARTICIPATED VARIOUS SERVICE ACTIVITIES. IN THE SUMMER OF 2019, FOUR STUDENT INTERNS SERVED PFEIFFER'S HUNGER GARDEN. THESE STUDENTS PICKED VEGETABLES, DONATED TO THEIR BOUNTY TO LOCAL NON-PROFITS, AND FOCUSED EXPLICITLY ON CONNECTING WITH THE ELDERLY IN THE STANLY COUNTY COMMUNITY. THE PFEIFFER ANGEL TREE PROGRAM, AN ORGANIZATION THAT COLLECTS CHRISTMAS GIFTS FOR DISENFRANCHISED CHILDREN IN STANLY COUNTY, SERVICED OVER 80 FAMILIES IN THE WINTER OF 2019. PFEIFFER'S STANLY COUNTY, HABITAT FOR HUMANITY CHAPTER, GREW SIGNIFICANTLY WITH 24 STUDENT MEMBERS. HABITAT FOR HUMANITY VOLUNTEERS INCLUDED FACULTY, STAFF, AND STUDENTS AND THESE PARTICIPANTS VOLUNTEERED BIWEEKLY AT HOME SITES IN ROWAN AND STANLY COUNTY.FURTHER, STUDENTS VOLUNTEERED MONTHLY AT SPRING ARBOR ASSISTED LIVING, WHERE THEY PROVIDED RESIDENTS WITH EDUCATIONAL AND RECREATIONAL ACTIVITIES. STUDENTS ALSO PARTICIPATED IN AN MLK SERVICE DAY, WHERE OVER 30 STUDENT VOLUNTEERS CREATED BLESSING BAGS FOR THE HOMELESS COMMUNITY IN STANLY COUNTY AND SERVED AT A LOCAL NURSING HOME. FINALLY, STUDENTS VOLUNTEERED THE FOLLOWING ORGANIZATIONS OVER THE ACADEMIC YEAR: PAWS - HUMANE SOCIETY, SALISBURY/ROWAN PFLAG, SACC-SPECIAL OLYMPICS, SCHOOL OF EDUCATION.THE UNIVERSITY CHAPLAIN FOSTERED A RELATIONSHIP WITH CROSSROAD CONNECTION, A NEW NON-PROFIT IN RICHFIELD UMC THAT CONNECTS LOCAL ORGANIZATIONS, BUSINESSES, AND NEIGHBORS COMMITTED TO SEEKING COMMUNAL FLOURISHING IN THE AREAS OF FOOD, HEALTH, EDUCATION, AND RELATIONAL SUPPORT. PFEIFFER AND CROSSROADS CONNECTION WILL BE PARTNERING WITH THIS NEW ORGANIZATION IN THE FALL OF 2020. FURTHER, THREE PFEIFFER EMPLOYEES, INCLUDING THE DIRECTOR OF RESIDENCE LIFE, A PROFESSOR OF RELIGION, AND THE UNIVERSITY CHAPLAIN, NOW SIT ON THE BOARD OF STANLY COUNTY CHRISTIAN MINISTRIES, A MAJOR NON-PROFIT IN THE AREA SERVES THE BROADER PFEIFFER COMMUNITY. THESE CONNECTIONS ARE MEANINGFUL BECAUSE THEY ALLOW PFEIFFER AND THEIR CONSTITUENTS TO DIRECTLY CONTRIBUTE TO THE BROADER COMMUNITY'S NEEDS. IN MARCH OF 2020, PFEIFFER UNIVERSITY PIVOTED TO ONLINE LEARNING BECAUSE OF THE COVID-19 PANDEMIC. BECAUSE OF THIS CHANGE, SERVICE-RELATED ACTIVITIES HALTED FOR THE SAFETY OF STUDENTS, FACULTY, AND STAFF. IN THE 2020-2021 ACADEMIC YEAR, PFEIFFER WILL FOCUS ON VIRTUAL AND INDIVIDUAL IN-PERSON SERVICE EXPERIENCES. SOME OF THESE PROJECTS INCLUDE PROVIDING PERISHABLE NECESSITIES FOR DISENFRANCHISED STUDENTS AT RICHFIELD ELEMENTARY, PENPALLING WITH SHUT-INS IN STANLY COUNTY, AND PROVIDING BLESSING BAGS FOR HOMELESS RESIDENTS IN STANLY COUNTY. 33720401 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 1 284 0 1 347 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NC X ROBIN S LESLIE 7044631360 48380 US HWY 52 MISENHEIMER NC 28109 DR SCOTT BULLARD PRESIDENT 40.00 X 135947 0 10804 DR TRACY ESPY FORMER PROVOST/VP FOR ACADEMIC AFFAIRS 40.00 X 127732 0 18210 BRENDA DIAZ DIR OF PA PROGRAM 40.00 X 126891 0 18173 ROBIN LESLIE VP OF FINANCE/CFO 40.00 X 123690 0 10324 ELIZABETH FAIN DIRECTOR OF OCCUPATIONAL THERAPY/ASST. DEAN OF APP 40.00 X 124061 0 8808 ROBERT J BRIETZ TRUSTEE 1.00 X 0 0 0 JULIANNE BRITTAIN TRUSTEE 1.00 X 0 0 0 ANNE DANIEL TRUSTEE 1.00 X 0 0 0 ROGER L DICK TRUSTEE 1.00 X 0 0 0 DEBORAH L FRECH TRUSTEE 1.00 X 0 0 0 JOY T MELTON JD TRUSTEE 1.00 X 0 0 0 BENNY MERRELL TRUSTEE 1.00 X 0 0 0 DAVID B MILLER TRUSTEE 1.00 X 0 0 0 T RANN PAYNTER TRUSTEE 1.00 X 0 0 0 ALBERT L ROSE TRUSTEE 1.00 X 0 0 0 ARCH Y STOKES TRUSTEE 1.00 X 0 0 0 NATASHA SUBER TRUSTEE 1.00 X 0 0 0 BONNIE N SUTHER TRUSTEE 1.00 X 0 0 0 MARSHALL C ROGERS TRUSTEE 1.00 X 0 0 0 RICK THAMES TRUSTEE 1.00 X 0 0 0 LAURA H AUTEN EX-OFFICIO 1.00 X 0 0 0 AIMEE BELLMORE EX-OFFICIO, NON-VOTING 1.00 X 0 0 0 GRADY L GASTON EX-OFFICIO 1.00 X 0 0 0 PAUL LEELAND EX-OFFICIO 1.00 X 0 0 0 DELLA D RAINES EX-OFFICIO 1.00 X 0 0 0 NANCY REIGEL EX-OFFICIO 1.00 X 0 0 0 JULIA WILLIS EX-OFFICIO 1.00 X 0 0 0 CHRISTOPHER L BRAMLETT EMERITUS 1.00 X 0 0 0 THOMAS GRADY EMERITUS 1.00 X 0 0 0 WILLIAM GRIGG EMERITUS 1.00 X 0 0 0 H ROBERT HEROLD II EMERITUS 1.00 X 0 0 0 WARREN D KNAPP JR EMERITUS 1.00 X 0 0 0 RICHARD L PETTY EMERITUS 1.00 X 0 0 0 GEORGE E THOMPSON EMERITUS 1.00 X 0 0 0 GEORGE P WATERS EMERITUS 1.00 X 0 0 0 638321 0 66319 5 0 0 0 STOKES CONSTRUCTION INC 618 NORTH SECOND ST ALBEMARLE NC 28001 CONTRACTOR 9660630 SODEXO FOOD SERVICE INC PO BOX 960 MISENHEIMER NC 28109 FOOD SERVICES 2475678 SODEXO INC & AFFILIATES PO BOX 536922 ATLANTA GA 303536922 MAINTENANCE SERVICES 1339327 UNIFIED TECHNOLOGY SYSTEMS 120 INTERSTATE N BLDG 300 SUITE 314 ATLANTA GA 30339 IT SERVICES 741151 PRESIDIO TECHNOLOGY CAPITAL PO BOX 74390 CHICAGO IL 60690 IT SOLUTIONS PROVIDER 701085 24 12250 2472621 8262735 4061643 10747606 TUITION 611310 29281469 29281469 DORMITORY FEES 611310 3242194 3242194 FOOD SERVICES 722100 2602328 2602328 OTHER PROGRAM SERVICES 900099 580190 580190 35706181 1193330 1193330 150727 0 150727 150727 150727 17035 12250 20872 -3837 -3837 9787 0 9787 9787 RECOVERY OF BAD DEBT 900099 11731 11731 MISCELLANEOUS REVENUE 900099 2010 2010 13741 47817535 35729709 0 1340220 14499096 14499096 352952 297234 45113 10605 11242240 9467517 1436947 337776 1774728 1401110 320376 53242 831944 717523 68664 45757 76559 76559 3723685 2682301 985233 56151 137067 4840 131947 280 333132 250209 75640 7283 959922 947686 12040 196 1978802 1556657 421898 247 467323 389966 76647 710 71290 59788 11102 400 106308 20619 85689 1933864 1091279 842585 278674 99826 178848 STUDENT BOARD 1743619 1743619 BAD DEBT EXPENSE 166030 166030 MEMBERSHIPS 137803 86578 50988 237 SPECIAL EVENTS 92847 58859 12932 21056 105650 89313 12738 3599 41013535 33720401 6755595 537539 606971 3948320 22964448 17414775 1957987 2763672 1048008 690351 410447 270023 26283 25624 59391 63163 67826909 30300666 20013573 37526243 12275503 5211705 1889726 30641 446307 543083 61698644 68487600 5429867 4698504 1612448 1479570 35633698 37861203 118474 20474 2562459 2025913 45356946 46085664 X -7666067 2587473 24007765 19814463 16341698 22401936 61698644 68487600 X 6804000 51 -76559 -667254 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 14183026 735638 396137 1116771 14198030 15252892 532240 670616 2272722 14183026 15798327 1148377 1239188 2933000 15252892 17239249 214116 2213744 3868782 15798327 18633039 282268 -76884 961557 485266 152351 17239249 0.00500 0.90300 0.09200 0 0 1381873 1381873 37493619 22306609 15187010 10094555 7993917 2100638 18856862 140 18856722 37526243 SETTLEMENT LIABILITY 1225000 ANNUITIES PAYABLE 11499 ADVANCES FROM FEDERAL GOVERNMENT 789414 2025913 X 33262752 20872 20872 33241880 76559 14499096 14575655 47817535 26458752 20872 20872 26437880 76559 14499096 14575655 41013535 PART III, LINE 4: FRAMED ORIGINAL PHOTOGRAPH OF DR. MARTIN LUTHER KING, JR. AND DR. VERNON MACK HERRON THE MARCH FROM SELMA TO MONTGOMERY, AL IN 1965. ALSO, INCLUDED IS A GENEOLOGY COLLECTION OF BOOKS, DOCUMENTS AND MEMORABILIA FROM DR. HERRON THESE INCLUDE HIS WRITINGS ON THE CIVIL RIGHTS MOVEMENT. PART X, LINE 2: THE UNIVERSITY IS A TAX-EXEMPT ENTITY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). THE CAMPUS IS A SINGLE MEMBER LIMITED LIABILITY COMPANY AND IS THEREFORE DISREGARDED FOR INCOME TAX PURPOSES. ACCORDINGLY, THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION OR LIABILITY FOR FEDERAL AND STATE INCOME TAXES. THE UNIVERSITY HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF JUNE 30, 2020 AND 2019. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE NETTED AGAINST REVENUE 20,872. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 14,499,096. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE NETTED AGAINST REVENUE 20,872. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 14,499,096. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY INCLUDES THE RACIALLY NON-DISCRIMINATORY POLICY IN ALL ITS BROCHURES, CATALOGUES AND OTHER WRITTEN COMMUNICATIONS WITH THE PUBLIC THAT RELATE TO STUDENT ADMISSIONS, PROGRAMS, AND SCHOLARSHIPS. SCHEDULE E, PART I, LINE 6 EXPENDITURES OF FEDERAL AWARDS SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT, FEDERAL DIRECT LOAN PROGRAM, FEDERAL WORK STUDY, PELL GRANT PROGRAM, FEDERAL PERKINS LOAN PROGRAM. EXPENDITURES OF STATE AWARDS NC NEED-BASED SCHOLARSHIP PROGRAM, NC FORGIVEABLE EDUCATION LOANS FOR SERVICE, GOLDEN LEAF SCHOLARS PROGRAM. HC BLACK & GOLD GALA 29285 12250 17035 10717 5946 1839 2370 29285 12250 17035 10717 5946 1839 2370 20872 -3837 1 SCHOLARSHIPS 1119 14499096 PART I, LINE 2: SCHOLARSHIPS ARE MONITORED EACH YEAR BY FINANCIAL AID IN CONJUNCTION/CONSULTATION WITH THE ADVANCEMENT DEPARTMENT. BARRY KEITH FAMILY MEMBER OF OFFICER 18412 COMPENSATION FOR SERVICES. COMPENSATION IS NEGOTIATED AT ARM'S LENGTH AND IS AT FAIR MARKET VALUE. 0 X 8120 FMV X 5 25050 FMV X 1 4000000 TAX RECORD X MISCELLANEOUS 82 16793 COST X SOFTBALL FIELD MATERIALS 4 7179 COST X SOFTBALL EQUIPMENT 1 2500 COST X USED COMPUTERS 20 2000 COST 1 0 1 1 PART I, LINE 32B: PFEIFFER UNIVERSITY CONTRACTS WITH AN ONLINE AUCTION COMPANY FOR ASSISTANCE WITH THE ANNUAL HOMECOMING AUCTION. THE COMPANY PROVIDES A SPECIFIC WEB ADDRESS WHERE CONSTITUENTS CAN BID ONLINE AND PROVIDE MAXIMUM BIDS PRIOR TO THE LIVE AUCTION AT HOMECOMING. FORM 990, PART VI, SECTION B, LINE 11B PFEIFFER UNIVERSITY'S FORM 990 IS SENT TO THE PRESIDENT, CFO, AND ALL BOARD OF TRUSTEE MEMBERS FOR INDIVIDUAL REVIEW BEFORE THE RETURN IS SUBMITTED. THE FINANCE COMMITTEE WILL REVIEW IN DETAIL AT A SCHEDULED MEETING PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C PFEIFFER UNIVERSITY REQUIRES ALL TRUSTEES TO COMPLETE A CONFLICTS OF INTEREST FORM ANNUALLY, WHICH IS REVIEWED BY THE PRESIDENT'S OFFICE. IN THE EVENT OF A POTENTIAL CONFLICT DURING THE YEAR, THE INTERESTED PERSON SHALL RECUSE HIMSELF/HERSELF FROM DISCUSSIONS AND VOTE ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES OR FINANCE COMMITTEE ANNUALLY REVIEWS COMPARABLE EXTERNAL DATA AND BENCHMARKS, AS WELL AS PERFORMANCE IN DETERMINING APPROPRIATE COMPENSATION. THE DECISION IS DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS FORM 1023 AND FORM 990 AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART XI, LINE 9: CHANGE IN ANNUITY VALUATION 82,415. CHANGE IN CSV 8,133. INVESTMENT GAIN ON PLANT -27,413. DEFICIENCY OF ACTUAL INVESTMENT RETURN -730,389. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR PERIOD. CAMPUS AT PFEIFFER LLC 4701 PARK ROAD CHARLOTTE NC 28209 205671256 CAMPUS CAPITAL PROJECTS NC 0 0 PFEIFFER UNIVERSITY