2019-05-13T10:23:16-05:00 2018-06-30 560747981 DIXON HUGHES GOODMAN LLP 500 RIDGEFIELD COURT ASHEVILLE NC 28806 990 2017-07-01 560529990 PFEIFFER UNIVERSITY PFEI 7044631360 PO BOX 960 MISENHEIMER NC 28109 DR COLLEEN PERRY-KEITH PRESIDENT 7044631360 2019-05-13 1 AMY BIBBY P00445891 8282542254 24.241.144.70 2019-05-13 10:22:31 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 ADBFC64F84809A3D359AE279AE52D225AAF16287 2017 2019-02-21 02:37:17Z DR COLLEEN PERRY-KEITH PO BOX 960 MISENHEIMER NC 28109 37573059 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. 26 26 705 630 0 0 2697582 4660355 30899829 31428137 10808361 1323542 77201 112155 44482973 37524189 11294063 11940323 0 0 15791765 16131822 0 0 835461 14594460 12665741 41680288 40737886 2802685 -3213697 41716509 38449569 17746618 17731212 23969891 20718357 X 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. 0 0 34667610 11940323 31440357 IN 2017 FACULTY AND STAFF FROM PFEIFFER UNIVERSITY PARTICIPATED IN A WIDE ARRAY OF CHARITABLE ENDEAVORS. VOLUNTEERS SERVED OVER 1,000 LOW-INCOME INDIVIDUALS AT THE COMMUNITY TABLE IN ALBEMARLE AND WORKED WITH HABITAT FOR HUMANITY TO BUILD HOMES FOR LOCAL FAMILIES. PFEIFFER PILOTED A PROGRAM THAT PROVIDED VOLUNTEER OPPORTUNITIES FOR 46 STUDENTS TO TEACH STEM PROGRAMS FOR UNDERSERVED CHILDREN AT THE STANLY COUNTY YMCA. ADDITIONALLY, WE SERVED OVER 100 CHILDREN THROUGH OUR ANGEL TREE PROGRAM AND GREW AND DONATED OVER 600 LBS OF PRODUCE FROM OUR HUNGER RELIEF GARDEN FOR LOCAL NON-PROFITS. VOLUNTEERS ALSO PARTICIPATED IN SERVICE HOURS AT THE FOLLOWING ORGANIZATIONS: HABITAT FOR HUMANITY, CAROLINA WATERFOWL RESCUE, STANLY COMMUNITY CHRISTIAN MINISTRY, MEALS ON WHEELS, STANLY COUNTY SENIOR SERVICES, HOMES FOR HOPE, TIGER WORLD, AND WINGS OF EAGLES. 34667610 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 1 0 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 1 401 0 1 705 1 0 0 0 0 0 1 1 0 0 0 0 X 26 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NC X ROBIN LESLIE 7044633442 PO BOX 960 MISENHEIMER NC 28109 G SCOTT MIDDLETON CHAIRMAN 1.00 X X 0 0 0 SAMUEL J ASBURY IV VICE CHAIRMAN 1.00 X X 0 0 0 JOY T MELTON JD SECRETARY 1.00 X X 0 0 0 ROBERT J BRIETZ TREASURER 1.00 X X 0 0 0 JULIANNE BRITTAIN TRUSTEE 1.00 X 0 0 0 JANE S CRISCO 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 BOBBY H GRIFFIN TRUSTEE 1.00 X 0 0 0 LAWRENCE GROVES TRUSTEE 1.00 X 0 0 0 KATHLEEN E KENNEDY TRUSTEE 1.00 X 0 0 0 BENNY MERRELL TRUSTEE 1.00 X 0 0 0 STEVEN K PUGH TRUSTEE 1.00 X 0 0 0 RUSSELL C RING TRUSTEE 1.00 X 0 0 0 MARSHALL C ROGERS TRUSTEE 1.00 X 0 0 0 ALBERT L ROSE TRUSTEE 1.00 X 0 0 0 ATLAS JAMES RUSSELL TRUSTEE 1.00 X 0 0 0 ARCH Y STOKES TRUSTEE 1.00 X 0 0 0 TERRY V SWICEGOOD TRUSTEE 1.00 X 0 0 0 RICK THAMES TRUSTEE 1.00 X 0 0 0 TOMY A ALDRIDGE EX-OFFICIO 1.00 X 0 0 0 LAURA H AUTEN EX-OFFICIO 1.00 X 0 0 0 TONYA LANIER 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 DR COLLEEN P KEITH PRESIDENT 40.00 X 241145 0 9898 JEFF PLYLER VP OF FINANCE/CFO 40.00 X 104759 0 8299 DR KENNETH RUSSELL VP FOR DTT & CIO 40.00 X 210612 0 16306 DR TRACY ESPY PROVOST/VP FOR ACADEMIC AFFAIRS 40.00 X 129296 0 15481 ROBERT G REASSO VP OF ATHLETICS 40.00 X 128838 0 1507 BRENDA DIAZ DIRECTOR OF PA PROGRAM 40.00 X 127471 0 15451 BOB FUZY VP FOR ADVANCEMENT 40.00 X 117178 0 7041 1059299 0 73983 7 0 1 0 SODEXO FOOD SERVICE INC PO BOX 960 MISENHEIMER NC 28109 FOOD SERVICES 1217249 SODEXO INC & AFFILIATES PO BOX 536922 ATLANTA GA 303536922 MAINTENANCE SERVICES 689888 BLACKBOARD CONNECT INC PO BOX 200154 PITTSBURGH PA 152510154 IT SERVICES 623407 STOKES CONSTRUCTION INC 618 N SECOND ST ALBEMARLE NC 28001 CONTRACTOR 603719 METEOR EDUCATION LLC PO BOX 535519 ATLANTA GA 303535519 OFFICE FURNITURE 549021 16 24617 153649 4482089 191623 4660355 TUITION 611310 25052825 25052825 DORMITORY FEES 611310 2952378 2952378 FOOD SERVICES 722100 2096167 2096167 OTHER PROGRAM SERVICES 900099 1326767 1326767 31428137 1320414 1320414 102720 0 102720 102720 102720 3128 0 3128 3128 3128 28308 24617 48870 -20562 -20562 12220 0 12220 12220 RECOVERY OF BAD DEBT 900099 15926 15926 MISCELLANEOUS REVENUE 900099 1851 1851 17777 37524189 31440357 0 1423477 11940323 11940323 363106 12353 301342 49411 19359 19359 13043698 9716146 2963237 364315 104497 78382 20899 5216 1670664 1520217 97204 53243 930498 697874 186099 46525 21055 21055 75944 75944 94577 94577 2675890 2675890 383975 291156 54349 38470 910935 710529 182187 18219 740575 592460 111086 37029 1611895 1531300 48357 32238 857823 643367 128673 85783 136525 109219 20477 6829 635737 635737 1958351 1860433 58750 39168 331378 265102 49706 16570 STUDENT BOARD 1497781 1497781 SPECIAL EVENTS 311248 249216 49843 12189 PROFESSIONAL MEMBERSHIP 188232 150585 28234 9413 BAD DEBT EXPENSE 83236 83236 150584 105918 23823 20843 40737886 34667610 5234815 835461 1444590 178741 3378605 466336 1119243 2693526 715385 1005526 733089 581823 26317 30112 200130 209779 44669634 26424021 18373470 18245613 13768856 12960048 1716465 1845642 240359 232423 41716509 38449569 4937992 3936681 378595 2000977 10338231 10547296 815172 218794 1276628 1027464 17746618 17731212 X 3098404 -2403927 5476584 6541821 15394903 16580463 23969891 20718357 41716509 38449569 X -3213697 -649 -37188 X X 0 1 X 1 1 1 X X X X 0 15798327 1148377 1239188 2933000 15252892 17239249 214116 2213744 3868782 15798327 18633039 282268 -76884 961557 485266 152351 17239249 19005313 322239 828802 893319 462062 167934 18633039 16617500 154342 3011146 413832 204753 159090 19005313 0.90800 0.09200 0 0 481947 481947 33666916 20463674 13203242 9805986 5960347 3845639 714785 714785 18245613 ANNUITY PAYABLES 104019 DEFERRED DEBT 923445 1027464 X 25448126 -649 57981 57332 25390794 94577 12038818 12133395 37524189 28699660 48870 48870 28650790 94577 11992519 12087096 40737886 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, 2018. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN ANNUITY VALUATION 1,931. CHANGE IN CSV 7,180. SPECIAL EVENT EXPENSES 48,870. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT GAIN ON PLANT 46,299. SCHOLARSHIPS IN REVENUES 11,940,323. REVENUES WITH EXPENSES 52,196. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 48,870. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS IN REVENUES 11,940,323. REVENUES WITH EXPENSES 52,196. 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 NONDISCRIMATORY 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. FALCON CLUB GOLF TOURNAMENT 30937 17792 13145 3200 7200 4262 1940 HOMECOMING GALA AND AUCTION 21988 6825 15163 11119 10741 3145 7263 52925 24617 28308 3200 18319 15003 3145 9203 48870 -20562 1 SCHOLARSHIPS 1148 11940323 PART I, LINE 2: SCHOLARSHIPS ARE MONITORED EACH YEAR BY FINANCIAL AID IN CONJUNCTION/CONSULTATION WITH THE ADVANCEMENT DEPARTMENT. X 1 1 X X X 0 0 0 0 0 0 0 0 0 DR COLLEEN P KEITH PRESIDENT 241145 0 0 0 0 0 2460 0 7438 0 251043 0 0 0 DR KENNETH RUSSELL VP FOR DTT & CIO 210612 0 0 0 0 0 2205 0 14101 0 226918 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE ARE GRANTED TO EMPLOYEES THAT ARE REQUIRED TO LIVE ON CAMPUS, ARE PART-TIME COACHES, OR IF INCLUDED IN THE TERMS OF EMPLOYMENT. INFORMATION REGARDING THE HOUSING ALLOWANCE/RESIDENCE IS CONTAINED IN THE EMPLOYEES' OFFER LETTERS AND SUCH EMPLOYEES SIGN A CONTRACT EACH JULY FOR THE UPCOMING LEASE TERM. BARRY KEITH FAMILY MEMBER OF OFFICER 19359 COMPENSATION FOR SERVICES 0 X 118 FMV X 6 169386 FMV X MISCELLANEOUS 1 21805 FMV X EVENT TICKETS 1 314 FMV 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 A, LINE 1 THE EXECUTIVE COMMITTEE SHALL AT LEAST TWO TIMES ANNUALLY AT THE CALL OF THE BOARD CHAIR ADDITIONALLY, THE COMMITTEE SHALL MEET AT THE CALL OF THE CHAIR, WHO MUST CALL SUCH MEETINGS WHEN REQUESTED BY A MAJORITY OF THE COMMITTEE. NOTICE OF THE TIME AND PLACE OF SUCH MEETING SHALL BE GIVEN IN WRITING, BY THE SECRETARY OF THE COMMITTEE, TO ALL MEMBERS OF THE COMMITTEE, AT LEAST THREE (3) DAYS PRIOR TO SUCH MEETING. THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE CHAIR, PAST CHAIR, VICE-CHAIR, SECRETARY, TREASURER, AND CHAIRS OF ALL STANDING COMMITTEES. ALL MEMBERS OF THE EXECUTIVE COMMITTEE SHALL BE TRUSTEES. THE EXECUTIVE COMMITTEE SHALL HAVE GENERAL CHARGE OF THE BUSINESS OF THE CORPORATION BETWEEN THE REGULAR MEETINGS OF THE BOARD AND SHALL HAVE AUTHORITY TO ACT UPON ALL MATTERS WHICH, IN THE JUDGMENT OF THE COMMITTEE, SHALL REQUIRE IMMEDIATE ACTION OR DECISION. IT SHALL HAVE GENERAL CHARGE OF THE FINANCIAL INTERESTS OF THE UNIVERSITY AND OF SECURING AND NEGOTIATING LOANS. THE COMMITTEE SHALL ENSURE THAT THE UNIVERSITY IS IN COMPLIANCE WITH THE APPROVED CAPITAL EXPENDITURE POLICY. DURING THE INTERVALS BETWEEN THE MEETINGS OF THE BOARD, THE EXECUTIVE COMMITTEE SHALL HAVE THE POWER TO TRANSACT ALL FINANCIAL AND EXECUTIVE BUSINESS, EXCEPT AS OTHERWISE MAY BE PROVIDED BY LAW OR BY THESE BYLAWS. THE COMMITTEE SHALL CONDUCT AN ANNUAL REVIEW OF THE PRESIDENT'S PERFORMANCE AND COMPENSATION PACKAGE. MINUTES OF THE MEETINGS AND ACTIONS OF THE EXECUTIVE COMMITTEE SHALL BE ACCURATELY RECORDED AND SHALL BE PRESENTED IN EACH CASE TO THE SUCCEEDING MEETING OF THE BOARD FOR APPROVAL AND RATIFICATION. FORM 990, PART VI, SECTION B, LINE 11B PFEIFFER UNIVERSITY'S FORM 990 WILL BE 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 CONFLICT OF INTEREST FORM ANNUALLY. EACH FORM IS REVIEWED BY THE PRESIDENT'S OFFICE AND IF ANY CONFLICTS ARISE, THEY ARE QUESTIONED AND DEALT WITH AS REQUIRED. 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. 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: INVESTMENT LOSS ON PLANT -46,299. CHANGE IN ANNUITY VALUATION 1,931. CHANGE IN CSV 7,180. 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