MEREDITH COLLEGE: Form 990, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- MEREDITH COLLEGE (EIN 56-0530242)
- Tax period
- 2016-07-01 to 2017-06-30
- Filed
- 2018-03-06
- IRS object ID
- 201820659349300327
- Schema version
- 2016v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-03-06T14:34:41-06:00 | ReturnTs |
| Tax Period End | 2017-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 560574444 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHERRY BEKAERT LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1111 Metropolitan Ave Ste 1000 | AddressLine1Txt |
| City | Charlotte | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28204 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2016-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 560530242 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Meredith College | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MERE | BusinessNameControlTxt |
| Phone | 9197608516 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3800 Hillsborough Street | AddressLine1Txt |
| City | Raleigh | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27607 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CRAIG BARFIELD | PersonNm |
| Person Title | vp for business & finance | PersonTitleTxt |
| Phone | 9197608516 | PhoneNum |
| Signature | 2018-03-06 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Amanda Adams | PreparerPersonNm |
| PTIN | P00748038 | PTIN |
| Phone | 7043771678 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 66.168.122.91 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2018-03-06 | IPDt |
| IP Tm | 14:31:56 | IPTm |
| IP Timezone | ES | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 0B670C8C210F0245D71F1F8B052AA4E3CE9649D0 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | dr jo allen | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3800 Hillsborough Street | AddressLine1Txt |
| City | Raleigh | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27607 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $156,427,816 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.meredith.edu | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1891 | FormationYr |
| Legal Domicile State | NC | LegalDomicileStateCd |
| Activity Or Mission | Founded in 1891, Meredith College is one of the largest independent women's colleges in the U.S. Meredith offers comprehensive liberal arts and professional studies for undergraduate women. Meredith also offers coeducational M.B.A., M.A.T., M.Ed. and M.S. in Nutrition programs and coeducational business, paralegal, dietetics and pre-health certificate programs. | ActivityOrMissionDesc |
| Voting Members Governing Body | 36 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 36 | VotingMembersIndependentCnt |
| Total Employee | 1322 | TotalEmployeeCnt |
| Total Volunteers | 350 | TotalVolunteersCnt |
| Total Gross UBI | $28,628 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $13,073,472 | PYContributionsGrantsAmt |
| CY Contributions Grants | $10,704,612 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $69,808,838 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $72,373,058 | CYProgramServiceRevenueAmt |
| PY Investment Income | $3,761,356 | PYInvestmentIncomeAmt |
| CY Investment Income | $7,871,445 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $5,026 | CYOtherRevenueAmt |
| PY Total Revenue | $86,643,666 | PYTotalRevenueAmt |
| CY Total Revenue | $90,954,141 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $22,286,227 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $24,253,798 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $28,656,904 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $30,879,484 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $20,087 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $8,981 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,557,916 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $24,965,896 | PYOtherExpensesAmt |
| CY Other Expenses | $25,508,629 | CYOtherExpensesAmt |
| PY Total Expenses | $75,929,114 | PYTotalExpensesAmt |
| CY Total Expenses | $80,650,892 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $10,714,552 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $10,303,249 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $180,314,153 | TotalAssetsBOYAmt |
| Total Assets EOY | $191,718,614 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $70,320,048 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $67,392,549 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $109,994,105 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $124,326,065 | NetAssetsOrFundBalancesEOYAmt |
| Mission | Meredith College, grounded in the liberal arts and committed to professional preparation, educates and inspires students to live with integrity and provide leadership for the needs, opportunities and challenges of society. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $36,690,984 | ExpenseAmt |
| Revenue | $63,443,606 | RevenueAmt |
| Desc | EDUCATIONAL AND GENERAL EXPENSES: INSTRUCTIONAL, PUBLIC SERVICE, LIBRARY, STUDENT SERVICES, PLANT OPERATIONS, STUDENT AID. MEREDITH COLLEGE IS GOING STRONG. CHARTERED IN 1891, MEREDITH IS ONE OF THE NATION'S LARGEST INDEPENDENT PRIVATE WOMEN'S COLLEGES. OUR STUDENT BODY HAS GROWN TO NEARLY 2,000 AND INCLUDES MEN AT THE GRADUATE LEVEL IN BUSINESS, EDUCATION, AND NUTRITION; POSTBACCALAUREATE CERTIFICATES IN PRE-HEALTH AND BUSINESS; A PARALEGAL PROGRAM, AND MORE. MEREDITH CHALLENGES STUDENTS TO EXPLORE THEIR INTERESTS, EXPAND THEIR SKILLS, AND BUILD ON THEIR STRENGTHS. OUR GRADUATES GO ON TO USE THEIR INTELLECT AND ABILITIES TO MAKE A POSITIVE IMPACT ON THE WORLD. U.S. NEWS, THE PRINCETON REVIEW AND FORBES.COM HAVE ALL INCLUDED MEREDITH IN THEIR "BEST COLLEGES" LISTS. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $24,253,798 | ExpenseAmt |
| Grant | $24,253,798 | GrantAmt |
| Desc | SCHOLARSHIPS AND GRANTS: THE COLLEGE PROVIDES APPROXIMATELY 1,655 STUDENTS WITH SCHOLARSHIPS AND GRANTS TO ASSIST IN THE PURSUIT OF UNDERGRADUATE AND GRADUATE DEGREES. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $9,123,886 | ExpenseAmt |
| Revenue | $8,929,452 | RevenueAmt |
| Desc | AUXILIARY ENTERPRISES: THE COLLEGE PROVIDES A NUMBER OF SERVICES THAT SUPPORT LEARNING, BUILD COMMUNITY AND ENHANCE THE OVERALL QUALITY OF STUDENT LIFE. THESE INCLUDE, BUT ARE NOT LIMITED TO, RESIDENTIAL HOUSING, APARTMENTS, DINING, BOOKSTORE AND MAIL SERVICES. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $70,068,668 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | Yes (1) | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 2992 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 1322 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | Yes (1) | ForeignFinancialAccountInd |
| Foreign Country | IT | ForeignCountryCd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | Yes (1) | Form8282PropertyDisposedOfInd |
| Form8282 Filed | 2 | Form8282FiledCnt |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 36 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 36 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CRAIG M BARFIELD | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9197608516 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3800 HILLSBOROUGH ST | AddressLine1Txt |
| City | RALEIGH | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27607 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (46 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| H Alexander Holmes | |||||||
| Chair | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Leslie Landis Hayes | |||||||
| Vice Chair | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Christie Bishop Barbee | |||||||
| Member | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Margaret R Beale | |||||||
| Member | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Elizabeth Triplett Beam | |||||||
| MemBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Gregory Bennett | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Robert H Brodney | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Yvette M Brown | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Nancy Williams Cheek | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Thomas EH Conway Jr | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Josephine Cooper | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Javier Diaz de Leon | |||||||
| MeMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Mary Dossenbach | |||||||
| MemBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Robert W Eaves Jr | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Sam E Ewell Jr | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Betsy Porter Fritschel | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Amanda Shelton Houser | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Ann Batson James | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Phillip Kirk Jr | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Durwood Laughinghouse | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Carolyn Leith | |||||||
| meMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Ann Lowery | |||||||
| Member | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Billy D Maddalon | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Hulene McLean | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Carol Lancaster Milano | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Ginger Alexander Neustadt | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| William Keller Normann | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Sarah Parker | |||||||
| MeMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Lisa Robie Poole | |||||||
| Member | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Elizabeth Vance Raft | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Nancy Pentecost Siska | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Silda Wall Spitzer | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Frances Jennings Teter | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Donna Wilson Thagard | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Lou Perry Tippet | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Richard Urquhart | |||||||
| Member | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JO ALLEN | |||||||
| PRESIDENT | 40.00 | $350,456 | $0 | $33,608 | Yes (X) | ||
| N Jean Jackson | |||||||
| VP College Programs | 40.00 | $173,449 | $0 | $15,827 | Yes (X) | ||
| Charles Barton | |||||||
| VP Institutional Advancement | 40.00 | $175,340 | $0 | $8,918 | Yes (X) | ||
| CRAIG BARFIELD | |||||||
| VP for Business and Finance | 40.00 | $170,084 | $0 | $9,518 | Yes (X) | ||
| MATTHEW Poslusny | |||||||
| Senior VP & Provost | 40.00 | $162,187 | $0 | $19,096 | Yes (X) | ||
| Kristie Ogilvie | |||||||
| Dean | 40.00 | $184,837 | $0 | $17,033 | Yes (X) | ||
| Elizabeth Wolfinger | |||||||
| Dean | 40.00 | $148,234 | $0 | $8,301 | Yes (X) | ||
| Jeffrey Howlett | |||||||
| CIO | 40.00 | $139,613 | $0 | $17,256 | Yes (X) | ||
| John Mecham | |||||||
| Professor | 40.00 | $125,029 | $0 | $5,447 | Yes (X) | ||
| Bing Yu | |||||||
| Assoc. Professor | 40.00 | $121,008 | $0 | $13,488 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,750,237 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $148,492 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 22 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Aramark Corporation | |||||
| 27310 Network Place | Chicago | IL | 606731273 | Dining and Facilities Mgmt. | $3,349,568 |
| Ammons Building Corp | |||||
| 7200-101 ACC Blvd | Raleigh | NC | 27617 | Construction | $1,450,020 |
| Piedmont Service Group Inc | |||||
| 1031 Nowell Rd | Raleigh | NC | 27607 | Building Contractor | $595,625 |
| Teamcraft Roofing Inc | |||||
| 1316 N Long Street | Salisbury | NC | 28144 | Roofing Contractor | $411,719 |
| Davidson Sash and Door Inc | |||||
| 1358 Piedmont Drive | Lexington | NC | 27295 | Building Contractor | $324,551 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 12 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $38,545 | FundraisingAmt |
| Government Grants | $625,671 | GovernmentGrantsAmt |
| All Other Contributions | $10,040,396 | AllOtherContributionsAmt |
| Noncash Contributions | $626,819 | NoncashContributionsAmt |
| Total Contributions | $10,704,612 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION AND FEES | 900099 | $62,168,723 | $62,168,723 |
| housing, dining & other | 900099 | $8,929,452 | $8,929,452 |
| workshops & other fees | 900099 | $1,274,883 | $1,274,883 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $72,373,058 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $965,224 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $28,628 | UnrelatedBusinessRevenueAmt |
| Exclusion | $936,596 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $72,352,770 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $65,446,549 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $6,906,221 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $6,906,221 | TotalRevenueColumnAmt |
| Exclusion | $6,906,221 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $32,152 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $38,545 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $27,126 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $5,026 | TotalRevenueColumnAmt |
| Exclusion | $5,026 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $90,954,141 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $72,373,058 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $28,628 | UnrelatedBusinessRevenueAmt |
| Exclusion | $7,847,843 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,253,798 | TotalAmt |
| Program Services | $24,253,798 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,118,483 | TotalAmt |
| Program Services | $891,432 | ProgramServicesAmt |
| Management And General | $185,668 | ManagementAndGeneralAmt |
| Fundraising | $41,383 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,566,433 | TotalAmt |
| Program Services | $17,985,446 | ProgramServicesAmt |
| Management And General | $3,746,028 | ManagementAndGeneralAmt |
| Fundraising | $834,959 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,084,940 | TotalAmt |
| Program Services | $864,697 | ProgramServicesAmt |
| Management And General | $180,100 | ManagementAndGeneralAmt |
| Fundraising | $40,143 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,254,445 | TotalAmt |
| Program Services | $3,390,793 | ProgramServicesAmt |
| Management And General | $706,238 | ManagementAndGeneralAmt |
| Fundraising | $157,414 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,855,183 | TotalAmt |
| Program Services | $1,478,581 | ProgramServicesAmt |
| Management And General | $307,960 | ManagementAndGeneralAmt |
| Fundraising | $68,642 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $123,926 | TotalAmt |
| Management And General | $123,926 | ManagementAndGeneralAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,981 | TotalAmt |
| Fundraising | $8,981 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $211,548 | TotalAmt |
| Management And General | $211,548 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $568,431 | TotalAmt |
| Management And General | $568,431 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,118,828 | TotalAmt |
| Program Services | $1,688,706 | ProgramServicesAmt |
| Management And General | $351,725 | ManagementAndGeneralAmt |
| Fundraising | $78,397 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,149,798 | TotalAmt |
| Program Services | $1,080,810 | ProgramServicesAmt |
| Management And General | $68,988 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $396,866 | TotalAmt |
| Program Services | $316,302 | ProgramServicesAmt |
| Management And General | $65,880 | ManagementAndGeneralAmt |
| Fundraising | $14,684 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,808,322 | TotalAmt |
| Program Services | $1,808,322 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,182,685 | TotalAmt |
| Program Services | $3,931,724 | ProgramServicesAmt |
| Management And General | $250,961 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $375,712 | TotalAmt |
| Management And General | $375,712 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| EXPENDITURES OF RESTRIC | $2,809,571 | $2,809,571 | ||
| PROGRAM ACTIVITIES | $2,747,551 | $2,747,551 | ||
| ADMINISTRATIVE AND OVER | $2,504,405 | $2,003,169 | $417,222 | $84,014 |
| FOOD AND FOOD SERVICE | $1,938,042 | $1,938,042 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,572,944 | TotalAmt |
| Program Services | $2,879,724 | ProgramServicesAmt |
| Management And General | $1,463,921 | ManagementAndGeneralAmt |
| Fundraising | $229,299 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $80,650,892 | TotalAmt |
| Program Services | $70,068,668 | ProgramServicesAmt |
| Management And General | $9,024,308 | ManagementAndGeneralAmt |
| Fundraising | $1,557,916 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,991,599 | BOYAmt |
| EOY | $17,617,288 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,321,215 | BOYAmt |
| EOY | $6,020,867 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $920,255 | BOYAmt |
| EOY | $1,015,160 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,840 | BOYAmt |
| EOY | $27,814 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $101,955 | BOYAmt |
| EOY | $9,150 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $141,725,229 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $74,381,550 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $67,769,787 | BOYAmt |
| EOY | $67,343,679 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $56,336,604 | BOYAmt |
| EOY | $68,918,819 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,479,455 | BOYAmt |
| EOY | $29,392,921 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $605,824 | BOYAmt |
| EOY | $476,161 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $755,619 | BOYAmt |
| EOY | $896,755 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $180,314,153 | BOYAmt |
| EOY | $191,718,614 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,904,133 | BOYAmt |
| EOY | $3,725,860 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $49,991,095 | BOYAmt |
| EOY | $49,197,268 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,325,000 | BOYAmt |
| EOY | $3,225,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,099,820 | BOYAmt |
| EOY | $11,244,421 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $70,320,048 | BOYAmt |
| EOY | $67,392,549 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,634,283 | BOYAmt |
| EOY | $27,854,692 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,248,564 | BOYAmt |
| EOY | $28,276,599 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $65,111,258 | BOYAmt |
| EOY | $68,194,774 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $109,994,105 | BOYAmt |
| EOY | $124,326,065 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $180,314,153 | BOYAmt |
| EOY | $191,718,614 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $10,303,249 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $4,009,333 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $19,378 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $94,303,471 | BeginningYearBalanceAmt |
| Contributions | $2,846,969 | ContributionsAmt |
| Investment Earnings Or Losses | $11,478,429 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,224,032 | GrantsOrScholarshipsAmt |
| Other Expenditures | $1,642,132 | OtherExpendituresAmt |
| End Year Balance | $104,762,705 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $96,523,500 | BeginningYearBalanceAmt |
| Contributions | $4,294,862 | ContributionsAmt |
| Investment Earnings Or Losses | -$2,734,015 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,228,528 | GrantsOrScholarshipsAmt |
| Other Expenditures | $1,552,348 | OtherExpendituresAmt |
| End Year Balance | $94,303,471 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $93,872,324 | BeginningYearBalanceAmt |
| Contributions | $6,035,911 | ContributionsAmt |
| Investment Earnings Or Losses | $177,435 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,308,463 | GrantsOrScholarshipsAmt |
| Other Expenditures | $1,253,707 | OtherExpendituresAmt |
| End Year Balance | $96,523,500 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $81,375,442 | BeginningYearBalanceAmt |
| Contributions | $2,822,900 | ContributionsAmt |
| Investment Earnings Or Losses | $13,494,986 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,381,943 | GrantsOrScholarshipsAmt |
| Other Expenditures | $1,439,061 | OtherExpendituresAmt |
| End Year Balance | $93,872,324 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $75,673,912 | BeginningYearBalanceAmt |
| Contributions | $2,417,559 | ContributionsAmt |
| Investment Earnings Or Losses | $6,714,436 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,087,131 | GrantsOrScholarshipsAmt |
| Other Expenditures | $1,343,334 | OtherExpendituresAmt |
| End Year Balance | $81,375,442 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.22540 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.63740 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.13720 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $1,356,190 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $351,485 | OtherCostOrOtherBasisAmt |
| Book Value | $1,707,675 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $124,787,419 | OtherCostOrOtherBasisAmt |
| Depreciation | $66,810,773 | DepreciationAmt |
| Book Value | $57,976,646 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $14,140,499 | OtherCostOrOtherBasisAmt |
| Depreciation | $7,570,777 | DepreciationAmt |
| Book Value | $6,569,722 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,089,636 | OtherCostOrOtherBasisAmt |
| Book Value | $1,089,636 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $67,343,679 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (6 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| CHARITABLE TRUSTS inv. | $548,096 | F |
| FUND OF FUNDS | $19,290,957 | F |
| PRIVATE EQUITY | $3,261,787 | F |
| PRIVATE REAL ESTATE FUNDS | $439,039 | F |
| TIMBER | $3,565,320 | F |
| REITS | $2,287,722 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $29,392,921 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| STUDENT Deposits | $296,691 |
| ACCRUED RETIREMENT OBLIGATIONS | $9,054,450 |
| DUE TO DONORS OF TRUSTS | $272,797 |
| ASSET RETIREMENT OBLIGATION | $1,620,483 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $11,244,421 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $62,722,188 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $4,009,333 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$24,226,672 | OtherRevenueAmt |
| Revenue Not Reported | -$20,217,339 | RevenueNotReportedAmt |
| Revenue Subtotal | $82,939,527 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $211,548 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $7,803,066 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $8,014,614 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $90,954,141 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $56,212,672 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $27,126 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $27,126 | ExpensesNotReportedAmt |
| Expenses Subtotal | $56,185,546 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $211,548 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $24,253,798 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $24,465,346 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $80,650,892 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part V, Line 4: | THE COLLEGE'S ENDOWMENT CONSISTS OF APPROXIMATELY 507 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. |
| Part X, Line 2: | The College's policy is to record a liability for unrecognized tax benefits, and any related interest and penalties, when it is more likely than not a tax position taken by management with respect to a transaction or class of transactions will be overturned by a taxing authority upon examination. Management believes there are no such positions as of June 30, 2017 and 2016 and, accordingly, no liability has been accrued. |
| Part XI, Line 2d - Other Adjustments: | institutional grants shown net of tuition on financials -24,253,798. Special Event Expenses Reported Net of Revenue 27,126. |
| Part XI, Line 4b - Other Adjustments: | INVESTMENT RETURN IN EXCESS OF AMOUNTS DESIGNATED FOR CURRENT OPERATIONS 7,803,066. |
| Part XII, Line 2d - Other Adjustments: | Special Event Expenses Reported Net of Revenue 27,126. |
| Part XII, Line 4b - Other Adjustments: | institutional grants shown net of tuition on financials 24,253,798. . |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule E, Part I, Line 3 | MEREDITH'S FULL NON-DISCRIMINATION POLICY IS PRINTED IN COLLEGE PUBLICATIONS SUCH AS THE 2016-2017 UNDERGRADUATE CATALOGUE WHICH IS DISTRIBUTED IN PRINT FORM AND ON THE COLLEGE WEBSITE. IN ADDITION, IT IS ALSO PUBLISHED IN THE NEWS AND OBSERVER, UNDERGRADUATE RECRUITMENT MATERIALS, AND GRADUATE PROGRAM RECRUITMENT MATERIALS. |
| Schedule E, Part I, Line 6 | IN FURTHERANCE OF ITS EDUCATIONAL MISSIONS, MEREDITH COLLEGE RECEIVES FUNDS IN SUPPORT OF ITS STUDENTS. |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (3 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| europe | 1 | 1 | PROGRAM SERVICE | STUDENT STUDY ABROAD, Alumni Travel | $776,180 |
| Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, | 0 | 0 | Program Service | STUDENT Study Abroad | $120,139 |
| Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, | 0 | 0 | investments | $1,934,488 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 1 | SubtotalOfficesCnt |
| Subtotal Employees | 1 | SubtotalEmployeesCnt |
| Continutation Total Office | 0 | ContinutationTotalOfficeCnt |
| Continutation Total Employee | 0 | ContinutationTotalEmployeeCnt |
| Total Office | 1 | TotalOfficeCnt |
| Total Employee | 1 | TotalEmployeeCnt |
| Subtotal Spent | $2,830,807 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $2,830,807 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (1) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (1) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE F, PART IV, LINE 1 | ALTHOUGH THE COLLEGE HAD INDIRECT TRANSFERS OF PROPERTY TO VARIOUS FOREIGN CORPORATIONS THROUGH PARTNERSHIP INVESTMENTS, NONE OF THE TRANSFERS WERE HIGH ENOUGH TO REQUIRE FORM 926 REPORTING. |
| SCHEDULE F, PART IV, LINE 3 | ALTHOUGH THE COLLEGE HAD AN OWNERSHIP IN CERTAIN FOREIGN CORPORATIONS (INVESTMENTS) DURING THE TAX YEAR, THE INVESTMENT AMOUNT WAS NOT HIGH ENOUGH TO RENDER THE FILING OF FORM 5471. |
| SCHEDULE F, PART IV, LINE 4 | MEREDITH COLLEGE IS AN INVESTOR IN ONE OR MORE "PASSIVE FOREIGN INVESTMENT COMPANIES ("PFICS"). THEY RECEIVED NO TAXABLE DISTRIBUTIONS FROM ANY OF THE FUNDS DURING FISCAL YEAR 2017. FORM 8621 IS NOT BEING FILED PURSUANT TO IRS GUIDANCE SET FORTH IN REG SEC 1.1291-1(E). |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | Golf Tournament | Event1Nm |
| Gross Receipts Event1 | $16,400 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $6,755 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $9,645 | GrossRevenueEvent1Amt |
| Rent Facility Costs Event1 | $9,222 | RentFacilityCostsEvent1Amt |
| Other Direct Expenses Event1 | $4,647 | OtherDirectExpensesEvent1Amt |
| Event2 | Autism Gala | Event2Nm |
| Gross Receipts Event2 | $54,297 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $31,790 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $22,507 | GrossRevenueEvent2Amt |
| Rent Facility Costs Event2 | $4,158 | RentFacilityCostsEvent2Amt |
| Food And Beverage Event2 | $5,440 | FoodAndBeverageEvent2Amt |
| Other Direct Expenses Event2 | $3,659 | OtherDirectExpensesEvent2Amt |
| Gross Receipts Total | $70,697 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $38,545 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $32,152 | GrossRevenueTotalEventsAmt |
| Rent Fclty Costs Total Events | $13,380 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $5,440 | FoodAndBeverageTotalEventsAmt |
| Oth Direct Expnss Total Events | $8,306 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $27,126 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $5,026 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | INSTITUTIONAL GRANTS, FINANCIAL AID & SCHOLARSHIPS | GrantTypeTxt |
| Recipient | 1655 | RecipientCnt |
| Cash Grant | $21,662,837 | CashGrantAmt |
| Non Cash Assistance | $2,590,961 | NonCashAssistanceAmt |
| Valuation Method Used | tuition rates | ValuationMethodUsedDesc |
| Non Cash Assistance | financial aid and scholarships | NonCashAssistanceDesc |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 2: | FormAndLineReferenceDesc |
| Explanation | meredith college financial assistance office has systems and internal procedures in place that ensures the proper determination, disbursement and monitoring of grants and scholarships. these systems and procedures comply with the federal student title iv aid regulations, north carolina state education assistance authority rules, and institutional policies. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Personal Services | Yes (X) | PersonalServicesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (8 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JO ALLEN | ||||||||||||||
| PRESIDENT | $323,134 | $0 | $25,000 | $0 | $2,322 | $0 | $23,250 | $0 | $10,358 | $0 | $384,064 | $0 | $0 | $0 |
| N Jean Jackson | ||||||||||||||
| VP College Programs | $170,400 | $0 | $0 | $0 | $3,049 | $0 | $8,702 | $0 | $7,125 | $0 | $189,276 | $0 | $0 | $0 |
| Charles Barton | ||||||||||||||
| VP Institutional Advancement | $169,334 | $0 | $0 | $0 | $6,006 | $0 | $8,594 | $0 | $324 | $0 | $184,258 | $0 | $0 | $0 |
| CRAIG BARFIELD | ||||||||||||||
| VP for Business and Finance | $170,084 | $0 | $0 | $0 | $0 | $0 | $8,594 | $0 | $924 | $0 | $179,602 | $0 | $0 | $0 |
| MATTHEW Poslusny | ||||||||||||||
| Senior VP & Provost | $161,090 | $0 | $0 | $0 | $1,097 | $0 | $8,999 | $0 | $10,097 | $0 | $181,283 | $0 | $0 | $0 |
| Kristie Ogilvie | ||||||||||||||
| Dean | $184,336 | $0 | $0 | $0 | $501 | $0 | $9,346 | $0 | $7,687 | $0 | $201,870 | $0 | $0 | $0 |
| Elizabeth Wolfinger | ||||||||||||||
| Dean | $147,358 | $0 | $0 | $0 | $876 | $0 | $7,343 | $0 | $958 | $0 | $156,535 | $0 | $0 | $0 |
| Jeffrey Howlett | ||||||||||||||
| CIO | $139,217 | $0 | $0 | $0 | $396 | $0 | $7,573 | $0 | $9,683 | $0 | $156,869 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part I, Line 1a | THE PRESIDENT IS PROVIDED WITH A RESIDENCE FOR PERSONAL USE AS WELL AS HOUSEKEEPING SERVICES FOR THE CONVENIENCE OF THE COLLEGE SO THAT THE PRESIDENT CAN PERFORM ESSENTIAL SCHOOL BUSINESS AND ACTIVITIES AT THE HOME. THIS RESIDENCE IS PROVIDED FOR THE CONVENIENCE OF THE COLLEGE IN HAVING THE FUNCTIONS OF THE OFFICE OF THE PRESIDENT EFFICIENTLY DISCHARGED AND AS A CONDITION OF EMPLOYMENT AS PRESIDENT OF THE COLLEGE. FOR THE BENEFIT AND CONVENIENCE OF THE COLLEGE, THE PRESIDENT'S RESIDENCE SHALL BE AVAILABLE, AND SHALL BE USED, FOR COLLEGE-RELATED BUSINESS AND ENTERTAINMENT ON A REGULAR AND CONTINUING BASIS. THE APPROXIMATE RENTAL VALUE OF THE HOME IS $3,500 PER MONTH. THESE ARE TREATED AS NONTAXABLE BENEFITS. |
| Part I, Line 7 | Dr. Jo Allen received a discretionary performance-based bonus of $25,000 that was approved by the board of trustees. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| north carolina capital facilities finance agency | ||||||||
| A | 561592154 | 65818pgh6 | 2008-04-03 | $18,000,000 | SEE PART VI | 0 | 0 | 0 |
| NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY | ||||||||
| B | 561592154 | 65818PGG8 | 2008-04-03 | $39,331,510 | SEE PART VI | Yes (1) | 0 | 0 |
| North carolina capital facilities finance agency | ||||||||
| C | 561592154 | 65818PLG2 | 2016-09-29 | $8,826,029 | See PART VI | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)
| Bond ReferenceBondReferenceCd | Total ProceedsTotalProceedsAmt | Capitalized InterestCapitalizedInterestAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Credit EnhancementCreditEnhancementAmt | Capital ExpendituresCapitalExpendituresAmt | Substantial CompletionSubstantialCompletionYr | Current RefundingCurrentRefundingInd | Advance RefundingAdvanceRefundingInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd | RetiredRetiredAmt | Bond DefeasedBondDefeasedAmt | Working Capital ExpendituresWorkingCapitalExpendituresAmt | Other Spent ProceedsOtherSpentProceedsAmt | Refunding EscrowRefundingEscrowAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $18,093,366 | $707,232 | $158,198 | $28,688 | $12,699,248 | 2009 | Yes (1) | 0 | Yes (1) | Yes (1) | |||||
| B | $42,187,138 | $601,074 | $515,495 | $9,653,354 | 2009 | 0 | Yes (1) | Yes (1) | Yes (1) | $8,735,000 | $7,800,000 | $9,932 | $287,500 | ||
| C | $8,826,067 | $176,521 | 2009 | 0 | Yes (1) | 0 | Yes (1) | $165,000 | $8,213,368 |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Any Research AgreementsAnyResearchAgreementsInd | Private Bus Use By OthersPrivateBusUseByOthersPct | Private Bus Concerning UBIPrivateBusConcerningUBIPct | Total Private Business UseTotalPrivateBusinessUsePct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | Yes (1) |
| B | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | Yes (1) |
| C | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | Yes (1) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | Yes (1) | 0 | Yes (1) | 0 | 0 | Yes (1) | Yes (1) |
| B | 0 | 0 | 0 | Yes (1) | 0 | 0 | 0 | Yes (1) | Yes (1) |
| C | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | Yes (1) |
| C | Yes (1) |
Supplemental Information Detail SupplementalInformationDetail (12 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, SCHEDULE K, PART I, LINE A, COLUMN (F): | TO RETIRE AN OUTSTANDING NOTE TO WACHOVIA BANK, N.A., DATED JANUARY 12, 2006, IN THE AMOUNT OF $4,500,000, THE PROCEEDS OF WHICH WERE USED TO PAY THE COSTS OF RENOVATING TWO EXISTING RESIDENCE HALLS AND A CLASSROOM BUILDING, AND TO PAY THE COST OF CONSTRUCTION AND EQUIP A RESIDENCE HALL AND RELATED CAPITAL IMPROVEMENTS ON THE COLLEGE'S CAMPUS. |
| FORM 990, SCHEDULE K, PART I, LINE B, COLUMN (F): | TO REFUND ALL OF THE OUTSTANDING SERIES 2001 BONDS ISSUED ON SEPTEMBER 5, 2001 TO PAY THE COST OF CONSTRUCTION AND EQUIP A RESIDENCE HALL AND RELATED CAPITAL IMPROVEMENTS ON THE COLLEGE'S CAMPUS. |
| Form 990, Schedule K, Part I, Line C, Column F: | To refund in advance of their maturities $7,800,000 in aggregate principal amount of the outstanding 2008A bonds and pay issuance costs. |
| FORM 990, SCHEDULE K, PART II, COLUMNS A, B & C, LINE 3: | THE DIFFERENCE BETWEEN THE AMOUNTS ON LINE 3 AND THE ISSUE PRICES LISTED IN PART I, COLUMN E, IS DUE TO INVESTMENT EARNINGS ON BOND PROCEEDS PENDING DISBURSEMENT. |
| FORM 990, SCHEDULE K, PART II, COLUMN A, LINE 6: | AS OF THE END OF THE 12-MONTH PERIOD, THE AMOUNT HELD WAS $0; HOWEVER, THE AMOUNT OF $4,500,000 WAS USED FOR REFUNDING PURPOSES. |
| FORM 990, SCHEDULE K, PART II, COLUMN b, LINE 6: | AS OF THE END OF THE 12-MONTH PERIOD, THE AMOUNT HELD WAS $0; HOWEVER, THE AMOUNT OF $31,119,784 WAS USED FOR REFUNDING PURPOSES. |
| Form 990, Schedule K, Part II, Column C, Line 6: | As of the end of the 12-month period, the amount held was $0; however, the amount of $8,644,849 was used for refunding purposes. |
| FORM 990, SCHEDULE K, PART II, COLUMN B, LINE 9: | THIS REPRESENTS THE REMAINING AMOUNT IN THE COST OF ISSUANCE ACCOUNT AND IN THE CONSTRUCTION ACCOUNT APPLIED TO PAY INTEREST ON THE BONDS FOLLOWING THE END OF THE CONSTRUCTION PERIOD. |
| FORM 990, SCHEDULE K, PART II, COLUMN B, LINE 11: | THIS REPRESENTS THE AMOUNTS DERIVED FROM ESCROW FUND RESTRUCTURING THAT WERE APPLIED TO PAY INTEREST ON THE BONDS ($246,000) AND FEES AND EXPENSES RELATING TO THE ESCROW RESTRUCTURING ($41,500). |
| Form 990, Schedule K, Part II, Column C, Line 11: | This represents the amount derived from the advanced refunding that was applied to pay interest on the bonds. |
| Form 990, Schedule K, Part IV, Column A, Line 2C: | No rebate computation has been performed since the exception rebate was met. |
| Form 990, Schedule K, Part IV, Column B, Line 2C: | The last rebate computation was performed July 30, 2014. |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 23 | ContributionCnt |
| Noncash Contributions Rpt F990 | $626,819 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | fmv | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | Yes (1) | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 32b: | FormAndLineReferenceDesc |
| Explanation | FOR GIFTS OF REAL ESTATE TO THE COLLEGE, AN AGENT IS SELECTED BY THE COLLEGE TO SELL THE PROPERTY. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section B, line 11b | THE BUSINESS AND FINANCE COMMITTEE WILL REVIEW AND APPROVE THE 990. FOR PRIVACY PURPOSES, THE FULL BOARD ONLY RECEIVES A PUBLIC DISCLOSURE COPY OF THE 990 FOR THEIR REVIEW PRIOR TO FILING WITH THE IRS. HOWEVER, THE FORM 990 IS AVAILABLE UPON REQUEST. |
| Form 990, Part VI, Section B, line 12c | The Board Affairs Committee monitors the Trustees' conflict of interest policy including distributing, collecting, and reviewing conflict of interest forms annually. in addition, the chair of the investment committee reviews conflict of interest forms for the members of that committee for any potential conflict specifically related to their role on that committee. In the event of a conflict, the individual involved would recuse themselves from any vote on the matter. |
| Form 990, Part VI, Section B, line 15 | THE PRESIDENT'S COMPENSATION IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, AN INDEPENDENT BODY. THE COMMITTEE RELIES UPON DATA FROM COMPARABLE COLLEGES OBTAINED BY NCICU AND FROM FORMS 990 OF SIMILARLY SITUATED COLLEGES AND UNIVERSITIES. IN ADDITION, THE COMMITTEE ALSO CONSIDERS THE RESULTS OF THE PRESIDENT'S ANNUAL PERFORMANCE EVALUATION. THE DECISION IS DOCUMENTED IN THE MINUTES OF THE COMMITTEE. THE COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES IS INDEPENDENTLY REVIEWED ON EVERY SALARY LEVEL. THE COLLEGE REVIEWS SALARY DATA FROM VARIOUS SOURCES, SUCH AS CUPA. |
| Form 990, Part VI, Section C, line 19 | the financial statements are available upon request and are available in the president's annual report, which is posted on the COllege's website. the conflict of interest policy and the governing documents are not available to the public. |
| Form 990, Part XI, line 9: | CHANGE IN POSTRETIREMENT BENEFIT OBLIGATIONS 1,107,141. LOSS ON BOND REFINANCING -1,087,763. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | cooperating raleigh colleges | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | po box 120 | AddressLine1Txt |
| City | raleigh | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27607 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237158371 | EIN |
| Primary Activities | support member institutions | PrimaryActivitiesTxt |
| Legal Domicile State | NC | LegalDomicileStateCd |
| Exempt Code Section | 501(c)(3) | ExemptCodeSectionTxt |
| Public Charity Status | Line 12a, I | PublicCharityStatusTxt |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Controlled Organization | 0 | ControlledOrganizationInd |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHARITABLE REMAINDER TRUST (4) | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Activities | INVESTMENT | PrimaryActivitiesTxt |
| Legal Domicile State | NC | LegalDomicileStateCd |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Entity Type | T | EntityTypeTxt |
| Controlled Organization | 0 | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |