2016-11-10T14:34:00-06:00 2016-06-30 205857627 TOPP MCWHORTER HARVEY PLLC P O DRAWER 15099 HATTIESBURG MS 394045099 990 2015-07-01 640329300 WILLIAM CAREY UNIVERSITY WILL 6013186193 498 TUSCAN AVE BOX 2 HATTIESBURG MS 39401 GRANT GUTHRIE VP BUSINESS & CFO 6013186193 2016-11-10 1 SUSAN A RILEY CPA P00144776 6012643519 2016-11-09 2015 2017-02-10 21:41:12Z DR RAYMOND T KING 498 TUSCAN AVE BOX 2 HATTIESBURG MS 39401 63308524 0 X WMCAREY.EDU X 1892 MS AS A CHRISTIAN UNIVERSITY WHICH EMBRACES ITS BAPTIST HERITAGE AND NAMESAKE, WILLIAM CAREY UNIVERSITY PROVIDES QUALITY EDUCATIONAL PROGRAMS, WITHIN A CARING CHRISTIAN ACADEMIC COMMUNITY, WHICH CHALLENGE THE INDIVIDUAL STUDENT TO EXCEL IN SCHOLARSHIP, LEADERSHIP, AND SERVICE IN A DIVERSE GLOBAL SOCIETY. 24 24 1186 55 114055 99961 7024355 5704366 48517742 51852457 836835 486520 3855340 4072980 60234272 62116323 8846821 9936564 0 0 26212204 28057529 0 0 313443 15940323 16301894 50999348 54295987 9234924 7820336 114328832 122058537 24111646 23755680 90217186 98302857 X AS A CHRISTIAN UNIVERSITY WHICH EMBRACES ITS BAPTIST HERITAGE AND NAMESAKE, WILLIAM CAREY UNIVERSITY PROVIDES QUALITY EDUCATIONAL PROGRAMS, WITHIN A CARING CHRISTIAN ACADEMIC COMMUNITY, WHICH CHALLENGE THE INDIVIDUAL STUDENT TO EXCEL IN SCHOLARSHIP, LEADERSHIP, AND SERVICE IN A DIVERSE GLOBAL SOCIETY. 0 0 23940052 0 51852457 ACADEMIC PROGRAMSTHE UNIVERSITY MAINTAINS AN UNDERGRADUATE PROGRAM AND A GRADUATE PROGRAM AT THREE CAMPUSES. ENROLLMENT HAS GROWN TO OVER 4,000 STUDENTS. THE UNIVERSITY HAS A COMPREHENSIVE EDUCATION PROGRAM WHICH ENCOURAGES EACH STUDENT TO DEVELOP THE HIGHEST POTENTIAL POSSIBLE IN LIBERAL ARTS AND/OR PROFESSIONAL EDUCATION. 9936564 9936564 0 SCHOLARSHIPS AND FELLOWSHIPSDIRECT AID TO STUDENTS PRIMARILY FROM INSTITUTIONAL FUNDS 3608834 0 3610350 AUXILIARY ENTERPRISES INCLUDE DINING, HOUSING, AND ATHLETICS.AUXILIARY PROGRAMS PROVIDE HOUSING AND DINING SERVICES FOR THE STUDENTS WHO NEED OR WANT TO LIVE ON CAMPUS. THE ATHLETIC PROGRAMS ENCOURAGE LOYALTY TO THE UNIVERSITY AND A SENSE OF UNITY AMONG STUDENTS AND FACULTY. IN PROVIDING THESE PROGRAMS, THE UNIVERSITY ENCOURAGES THE EXERCISE OF STUDENT TALENT, WHICH ENHANCES THE LEARNING EXPERIENCES OF THE STUDENTS INVOLVED. 945357 0 EXPENSES FOR OTHER PROGRAM SERVICES INCLUDE ACADEMIC SUPPORT, STUDENT SERVICES AND OTHER EXPENSES. 945357 0 38430807 1 1 0 0 0 0 1 1 0 1 1 0 0 0 1 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 317 0 1 1186 1 1 1 0 0 0 1 1 1 1 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 AL AR FL IA LA MS NC OH SC TN VA WV WI X X GRANT GUTHRIE VP BUS AFF CFO 6013186193 498 TUSCAN AVEBOX 2 HATTIESBURG MS 39401 EMILY MOONEY TRUSTEE 1.00 X 0 0 0 REVEREND BEN CARLISLE TRUSTEE 1.00 X 0 0 0 DR HUGH DICKENS TRUSTEE 1.00 X 0 0 0 DR JOSEPH D FAIL CHAIRMAN, BOD 1.00 X X 0 0 0 DR LARUE STEPHENS TRUSTEE 1.00 X 0 0 0 MR ODEAN BUSBY TRUSTEE 1.00 X 0 0 0 MR R BILL RAY TRUSTEE 1.00 X 0 0 0 MR TED CANNON TRUSTEE 1.00 X 0 0 0 MR GLEN GALEY TRUSTEE 1.00 X 0 0 0 DR JERRY RANKIN TRUSTEE 1.00 X 0 0 0 DR ERIC LINDSTROM TRUSTEE 1.00 X 0 0 0 REVEREND ROSSIE FRANCIS VICE CHAIRMAN, BOD 1.00 X X 0 0 0 MRS MONA STEWART TRUSTEE 1.00 X 0 0 0 MRS JOAN WARREN TRUSTEE 1.00 X 0 0 0 MR GARY GORDAN TRUSTEE 1.00 X 0 0 0 DR TODD WILLIAMSON TRUSTEE 1.00 X 0 0 0 MR JACK SIMMONS TRUSTEE 1.00 X 0 0 0 DR DAVID MILLICAN TRUSTEE 1.00 X 0 0 0 DR JULES EUSTICE TRUSTEE 1.00 X 0 0 0 HON CHARLES PICKERING SR TRUSTEE 1.00 X 0 0 0 MR LEWIS MYRICK SR TRUSTEE 1.00 X 0 0 0 DR BRETT VALENTINE TRUSTEE 1.00 X 0 0 0 MRS ANN WILLIAMS TRUSTEE 1.00 X 0 0 0 CURRENTLY VACANT TRUSTEE 1.00 X 0 0 0 ASHLEY GRANT GUTHRIE VP BUSINESS AFF & CFO 40.00 X 100168 0 16075 DR RAYMOND T KING PRESIDENT & CEO 40.00 X 251518 0 41359 DR SCOTT HUMMELL EXECUTIVE VP & PROVOST 40.00 X 131112 0 13129 DR GARRY BRELAND VP ACAD. AFF. & PROFESSOR 40.00 X 112906 0 48152 JAMES M TURNER PROFESSOR OF SCI./DEAN OF 40.00 X 309908 0 15019 JOHN M JONES PROFESSOR OF CLINICAL SCIE 40.00 X 242104 0 13245 JUDY L CALDWELL ASSIST. PROF. OF CLINCIAL 40.00 X 211953 0 12262 ITALO SUBBARAO ASSOC. PROFESSOR OF CLINIC 40.00 X 238893 0 12839 RICHARD G SLOAN HIGHLY COMPENSATED EMPLOYEE 40.00 X 220491 0 11732 DENNIS C RAU HIGHLY COMPENSATED EMPLOYEE 40.00 X 214433 0 11574 2033486 0 195386 26 0 1 0 MMI DINING SYSTEMS LLC 1000 RED FERN PLACE FLOWOOD MS 39232 FOOD SERVICE 1574218 LARRY J SUMRALL CONTRACTORS INC PO BOX 4190 LAUREL MS 39440 CONSTRUCTION 1063750 MS POWER PO BOX 245 BIRMINGHAM AL 35201 UTILITY COMPANY 982205 BARNES & NOBLE PO BOX 823660 PHILADELPHIA PA 19182 BOOKSTORE 918912 HANCO CORPORATION PO BOX 17678 HATTIESBURG MS 39404 CONSTRUCTION COMPANY 883735 19 45830 773420 4885116 47509 5704366 EDUCATION & GENERAL REVENUE 611600 51745418 51745418 ADVERTISING 541800 107039 107039 51852457 546376 546376 3424 3424 1084210 1144066 -59856 -59856 -59856 40173 45830 48135 -7962 -7962 AUXILIARY INCOME 900099 3610350 3610350 OTHER REVENUES 900099 462597 459005 3592 ENDOWMENT INCOME 900099 4571 4571 4077518 62116323 56305864 114055 -7962 9936564 9936564 905387 303750 601637 22416168 18225706 3976204 214258 1118022 798881 312753 6388 2015769 1258659 733976 23134 1602183 1284098 301319 16766 740827 740827 3607425 3607425 UBI TAX 26979 26979 INSTRUCTIONAL 4060556 4060556 INSTITUTIONAL SUPPORT 3130818 3077921 52897 AUXILIARIES 2562593 2562593 2172696 2172696 54295987 38430807 15551737 313443 16842841 20647253 3701058 4105476 513628 436270 15951 50650 120993079 42113587 76490462 78879492 15195882 16143667 1569010 1795729 114328832 122058537 3017912 2631597 20473992 20477575 619742 646508 24111646 23755680 X 70674135 77440018 3909883 4005587 15633168 16857252 90217186 98302857 114328832 122058537 X 7820336 257373 7962 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 X 1 9.00 0 0 0 1 0 80.00 1600 531590 X X X 0 15633165 995794 495132 266841 16857250 14341325 1005268 303031 16459 15633165 10825974 2756685 1150467 391801 14341325 10381841 148746 645316 349929 10825974 9644098 466735 676436 405429 10381840 1.00000 1 0 27500 10308002 10335502 80684737 22242407 58442330 20247250 15428759 4818491 9725590 4442421 5283169 78879492 STUDENT DEPOSITS AND REFUNDS 646508 646508 62381658 257373 7962 265335 62116323 0 62116323 54295987 0 54295987 0 54295987 PART II, LINE 9: NATURE RESERVE REPORTED AS "LAND" ON THE BALANCE SHEET. PART III, LINE 4: THE COLLECTION CONSISTS OF ART FROM THE LUCILLE PARKER COLLECTION AND THE SARAH GILLESPIE MUSEUM; RARE BOOKS, ARTIFACTS, ART, MANUSCRIPTS IN THE CENTER FOR THE STUDY OF THE LIFE AND WORK OF WILLIAM CAREY; AND RARE BOOKS, ARTIFACTS, FURNITURE, ART, AND MANUSCRIPTS FROM THE DICKINSON COLLECTION. THE ABOVE COLLECTIONS FURTHER WILLIAM CAREY UNIVERSITY'S MISSION AS AN EXEMPT ORGANIZATION BY PROVIDING RESOURCES FOR SCHOLARLY RESEARCH, PRESERVING ART FOR APPRECIATION AND STUDY IN AN EDUCATIONAL CONTEXT, AND GATHERING MATERIALS TOGETHER IN ORDER TO MAKE THEM AVAILABLE TO A BROADER COMMUNITY. PART V, LINE 4: ENDOWMENT IS PRIMARILY USED TO FUND SCHOLARSHIPS, ACADEMIC PROGRAM ACTIVITIES, PROFESSIONAL CHAIRS, AND GENERAL OPERATIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING INCOME REPORTED NET ON 990 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 PUBLICIZES ITS NONDISCRIMINATORY POLICY TOWARD STUDENTS AT THE BEGINNING OF EACH SCHOOL YEAR. THIS ADVERTISEMENT IS PUBLISHED IN THE LARGEST NEWSPAPERS AT ALL THREE CAMPUS LOCATIONS. THE POLICY IS ALSO DISPLAYED ON THE WEBSITE. SCHEDULE E, PART I, LINE 6 SCHEDULE E, PAGE 1, #6A NATIONAL DIRECT STUDENT LOAN PELL GRANTS SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT STUDENT SUPPORT SERVICES GRANT COLLEGE WORK STUDY GOLF TOURNAMENT 32133 7961 24172 22196 SCHOLARSHIP DINNER 42175 32700 9475 24639 2 11695 5170 6525 1299 86003 45831 40172 48134 48134 -7962 0 SCHOLARSHIPS FOR STUDENTS @WCU 7071 9339556 SEOG 85 204348 TEACH 159 392660 PART I, LINE 2: ALL SCHOLARSHIPS AND GRANTS ARE ADMINISTERED WITHIN THE GUIDELINES OF THE DEPARTMENT OF EDUCATION. WILLIAM CAREY UNIVERSITY'S FINANCIAL AID AND BUSINESS DEPARTMENTS MONITOR THE PROGRAMS TO ASSURE THAT THEY FOLLOW FEDERAL GUIDELINES. THE INDEPENDENT AUDITORS PERFORM AN AUDIT ON ALL FEDERAL PROGRAMS ANNUALLY. X X 1 1 X X X 0 1 0 0 0 0 0 0 0 DR RAYMOND T KING PRESIDENT & CEO 248438 0 0 0 3080 0 15000 0 26359 0 292877 0 0 0 DR GARRY BRELAND VP ACAD. AFF. & PROFESSOR 112787 0 0 0 119 0 9500 0 38652 0 161058 0 0 0 JAMES M TURNER PROFESSOR OF SCI./DEAN OF 309830 0 0 0 78 0 8963 0 6056 0 324927 0 0 0 JOHN M JONES PROFESSOR OF CLINICAL SCIE 241875 0 0 0 229 0 7238 0 6007 0 255349 0 0 0 JUDY L CALDWELL ASSIST. PROF. OF CLINCIAL 211875 0 0 0 78 0 6281 0 5981 0 224215 0 0 0 ITALO SUBBARAO ASSOC. PROFESSOR OF CLINIC 238875 0 0 0 18 0 6866 0 5973 0 251732 0 0 0 RICHARD G SLOAN HIGHLY COMPENSATED EMPLOYEE 220475 0 0 0 16 0 5756 0 5976 0 232223 0 0 0 DENNIS C RAU HIGHLY COMPENSATED EMPLOYEE 214417 0 0 0 16 0 5603 0 5971 0 226007 0 0 0 PART I, LINE 1A EMPLOYEES WHO ARE ORDAINED MINISTERS QUALIFY FOR HOUSING ALLOWANCES. THE AMOUNT OF THE HOUSING ALLOWANCE IS INCLUDED IN PART VII, SECTION A, COLUMN F. THE HOUSING ALLOWANCE IS ALSO REPORTED ON THE W-2, BOX 14. THE FOLLOWING ORDAINED MINISTERS REPORTED IN PART VII, SECTION A, COLUMN F, RECEIVED HOUSING ALLOWANCE: DR. RAYMOND T. KING AND DR. GARY BRELAND PART I, LINE 4B: DR. RAYMOND T. KING MADE A CONTRIBUTION TO A 457F PLAN IN THE AMOUNT OF $25,000. JOSEPH FAIL TRUSTEE 62431 TELEPHONE AND INTERNET SERVICES 0 JOAN WARREN TRUSTEE 99175 REPAVE ASHPHALT AND REPAIR DRIVEWAY 0 X 3 42009 FMV X SUPPLIES 7 3469 FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 LINE 11A EXPLANATION - A COPY OF THE FORM 990 IS PRESENTED IN PERSON,MAILED, OR EMAILED TO EACH BOARD MEMBER FOR REVIEW PRIOR TO FILING. THE RETURN MUST BE REVIEWED AND APPROVED BY THE BOARD BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER MUST SIGN AN EXTENSIVE CONFLICT OF INTEREST POLICY AT THE BEGINNING OF EACH SCHOOL YEAR. SHOULD THE EXECUTIVE COMMITTEE HAVE CONCERNS ABOUT A CONFLICT OF INTEREST, THEY MEET WITH THE MEMBER AND MAKE A DECISION CONCERNING THIS. THE MATTER IS THEN BROUGHT TO THE ATTENTION OF THE ENTIRE BOARD TO BE RESOLVED. FORM 990, PART VI, SECTION B, LINE 15A THE FINANCE COMMITTEE SERVES AS THE COMPENSATION COMMITTEE AND MEETS ANNUALLY REGARDING THE CHIEF EXECUTIVE'S COMPENSATION. THIS COMMITTEE OFTEN DETERMINES THE COMPENSATION OF THE PRESIDENT BASED ON COMPARABILITY DATA FROM OTHER UNIVERSITIES OF SIMILAR SIZE AND DELIBERATION AMONG THE MEMBERS. AFTER THE COMMITTEE REACHES A CONCLUSION, THEY MAKE A RECOMMENDATION TO THE TRUSTEES. THE TRUSTEES THEN DISCUSS AND VOTE ON THE RECOMMENDATION OF THE COMPENSATION COMMITTEE. ALL DISCUSSIONS CONCERNING EXECUTIVE COMPENSATION ARE RECORDED IN THE MINUTES OF THE MEETINGS FOR SUBSTANTIATION PURPOSES. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS AND TAX RETURNS ARE AVAILABLE BY REQUESTING A COPY FROM THE BUSINESS OFFICE THROUGH THE CFO OR ON THE GUIDESTAR WEBSITE. CONFLICT OF INTEREST POLICY AND OTHER GOVERNING DOCUMENTS ARE AVAILABLE TO ALL EMPLOYEES ON OUR INTERNAL WEBSITE. THESE ARE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: NET LOSS FROM FUNDRAISING ACTIVITIES 7,962. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR.