ELON UNIVERSITY: Form 990, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- ELON UNIVERSITY (EIN 56-0532303)
- Tax period
- 2014-06-01 to 2015-05-31
- Filed
- 2016-01-15
- IRS object ID
- 201600159349300625
- Schema version
- 2014v6.0
- 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 L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2016-01-15T10:00:17-06:00 | ReturnTs |
| Tax Period End | 2015-05-31 | TaxPeriodEndDt |
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2014-06-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 560532303 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Elon University | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ELON | BusinessNameControlTxt |
| Phone | 3362785260 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 314 West Haggard Avenue | AddressLine1Txt |
| City | Elon | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27244 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Gerald Whittington | PersonNm |
| Person Title | Sr. VP for Bus, Fin & Tech | PersonTitleTxt |
| Signature | 2016-01-15 | SignatureDt |
| Discuss With Paid Preparer | false | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2014 | TaxYr |
| Build TS | 2016-04-25 22:37:26Z | BuildTS |
Form 990 IRS990
Principal Ofcr Business Name PrincipalOfcrBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Dr Leo Lambert | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 314 West Haggard Avenue | AddressLine1Txt |
| City | Elon | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27244 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $290,353,152 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.ELON.edu | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1889 | FormationYr |
| Legal Domicile State | NC | LegalDomicileStateCd |
| Activity Or Mission | ELON UNIVERSITY'S MISSION IS TO TRANSFORM THE MIND, BODY, AND SPIRIT AND ENCOURAGE FREEDOM OF THOUGHT AND LIBERTY OF CONSCIENCE. THE UNIVERSITY PROVIDES A LIBERAL ARTS UNDERGRADUATE CURRICULUM AND GRADUATE PROGRAMS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 42 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 38 | VotingMembersIndependentCnt |
| Total Employee | 4234 | TotalEmployeeCnt |
| Total Volunteers | 962 | TotalVolunteersCnt |
| Total Gross UBI | -$582,594 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | -$582,594 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $16,956,994 | PYContributionsGrantsAmt |
| CY Contributions Grants | $31,537,230 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $232,757,801 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $248,103,136 | CYProgramServiceRevenueAmt |
| PY Investment Income | $789,565 | PYInvestmentIncomeAmt |
| CY Investment Income | $780,154 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,588,239 | PYOtherRevenueAmt |
| CY Other Revenue | $1,891,013 | CYOtherRevenueAmt |
| PY Total Revenue | $252,092,599 | PYTotalRevenueAmt |
| CY Total Revenue | $282,311,533 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $35,621,787 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $37,665,892 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $109,817,998 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $119,723,046 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $36,277 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $17,240 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $5,160,683 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $80,497,666 | PYOtherExpensesAmt |
| CY Other Expenses | $90,070,658 | CYOtherExpensesAmt |
| PY Total Expenses | $225,973,728 | PYTotalExpensesAmt |
| CY Total Expenses | $247,476,836 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $26,118,871 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $34,834,697 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $627,584,886 | TotalAssetsBOYAmt |
| Total Assets EOY | $673,167,588 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $205,883,563 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $197,196,960 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $421,701,323 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $475,970,628 | NetAssetsOrFundBalancesEOYAmt |
| Mission | ELON UNIVERSITY'S MISSION IS TO TRANSFORM MIND, BODY, AND SPIRIT AND ENCOURAGE FREEDOM OF THOUGHT AND LIBERTY OF CONSCIENCE. THE UNIVERSITY PROVIDES A LIBERAL ARTS UNDERGRADUATE CURRICULUM AND GRADUATE PROGRAMS. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $138,006,766 | ExpenseAmt |
| Grant | $37,665,892 | GrantAmt |
| Revenue | $206,204,589 | RevenueAmt |
| Desc | INSTRUCTION - EXPENSES RELATED TO PROVIDING THE PRIMARY PURPOSE OF EDUCATION FOR GRADUATE AND UNDERGRADUATE STUDENTS. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $36,444,625 | ExpenseAmt |
| Revenue | $37,964,619 | RevenueAmt |
| Desc | AUXILIARY SERVICES - EXPENSES RELATED TO THE FUNCTION OF FURNISHING GOODS OR SERVICES TO STUDENTS, FACULTY, OR STAFF. EXAMPLES ARE RESIDENCE HALLS AND FOOD SERVICES. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $33,976,385 | ExpenseAmt |
| Revenue | $3,933,928 | RevenueAmt |
| Desc | STUDENT SERVICES - EXPENSES RELATED TO THE PRIMARY PURPOSE OF CONTRIBUTING TO STUDENTS' EMOTIONAL AND PHYSICAL WELL-BEING AND INTELLECTUAL, CULTURAL, AND SOCIAL DEVELOPMENT. ATHLETICS IS INCLUDED WITHIN THIS DIVISION. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $7,711,664 | ExpenseAmt |
| Revenue | $1,743,711 | RevenueAmt |
| Desc | ACADEMIC SUPPORT - EXPENSES INCURRED TO PROVIDE SUPPORT SERVICES FOR THE INSTITUTION'S PRIMARY MISSION OF INSTRUCTION, INCLUDING THE LIBRARY, MEDIA SERVICES, AND TECHNOLOGY. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $7,711,664 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Revenue | $1,743,711 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $216,139,440 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | Yes (true) | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (true) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (true) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (true) | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | Yes (true) | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | Yes (true) | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (true) | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (true) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBondsInd |
| Escrow Account | false | EscrowAccountInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (true) | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | Yes (true) | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (true) | DeductibleNonCashContriInd |
| Deductible Art Contribution | Yes (true) | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | Yes (true) | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 629 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 4234 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (true) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (true) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 42 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 38 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (true) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NC | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Jane Deaton | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3362785260 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 398 | AddressLine1Txt |
| City | Elon | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27244 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (54 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| Kerrii Brown Anderson | ||||||||
| Vice Chair | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Dr William N P Herbert | ||||||||
| Chair | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Kebbler McGhee Williams | ||||||||
| Secretary | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Noel L Allen | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Howard F Arner | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| A Christine Baker | ||||||||
| Trustee | 1.00 | Yes (X) | $49,219 | $0 | $3,765 | |||
| Thomas E Chandler | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Ali Deatsch | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Louis DeJoy | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Edward W Doherty | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Wesley R Elinburg | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Allen E Gant Jr | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Michele Skeens Hazel | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| James A Hendrickson | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| John R Hill | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Victoria Silek Hunt | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| William J Inman | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Maurice N Jennings Jr | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Bradford A Koury | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Gail M Lane | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| A Michelle Larose | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Dr W Bryan Latham | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Jack R Lindley Sr | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Robert E Long Jr | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Frank R Lyon | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Mark T Mahaffey | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Chris P Martin | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Dalton L McMichael Jr | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| The Rev Dr Marvin L Morgan | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| C Ashton Newhall | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| David C Porter | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Anne Ellington Powell | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Jeanne Swanner Robertson | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Richmond J Rosati | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| William H Smith | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Richard L Thompson | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Zachary T Walker III | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Katherine Stern Weaver | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Deborah A Yow-Bowden | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Edmond N Moriarty | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Eric Sklut | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Aisha Mitchell | ||||||||
| Youth Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Barbara Bass | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Dr Leo Lambert | ||||||||
| President | 40.00 | Yes (X) | $536,760 | $0 | $39,831 | |||
| Gerald Whittington | ||||||||
| Sr. VP -Bus, Fin & Tech. | 40.00 | Yes (X) | $370,209 | $0 | $40,073 | |||
| Dr Gerry Francis | ||||||||
| Exec. Vice President | 40.00 | Yes (X) | $243,974 | $0 | $34,040 | |||
| Dr Steven House | ||||||||
| Prov & VP Academic Affairs | 40.00 | $259,363 | $0 | $29,402 | Yes (X) | |||
| David L (Dave) Blank | ||||||||
| Director of Athletics | 40.00 | $226,163 | $0 | $43,755 | Yes (X) | |||
| Dr Smith Jackson | ||||||||
| Vice Pres. & Dean of Students | 40.00 | $195,646 | $0 | $28,689 | Yes (X) | |||
| Richard J Skrosky | ||||||||
| Football Coach | 40.00 | $293,014 | $0 | $26,197 | Yes (X) | |||
| Raghuram Tadepalli | ||||||||
| Dean-School of Bus. | 40.00 | $257,807 | $0 | $32,687 | Yes (X) | |||
| Matthew M Matheny | ||||||||
| Basketball Coach | 40.00 | $255,166 | $0 | $27,672 | Yes (X) | |||
| George Johnson | ||||||||
| School of Law | 40.00 | $253,497 | $0 | $24,780 | Yes (X) | |||
| James Piatt | ||||||||
| VP- Inst. Adv. | 40.00 | $250,445 | $0 | $42,264 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $3,191,262 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $373,155 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 137 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | Yes (true) | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt | Address Line2ContractorAddress/USAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|
| ARAMARK CORPORATION | ||||||
| PO BOX 198532 | ATLANTA | GA | 303848532 | DINING SERVICES | $14,340,141 | |
| CHOATE CONST CO | ||||||
| 4800 FALLS OF NEUSE RD | RALEIGH | NC | 27609 | CONSTRUCTION | $10,828,236 | STE 106 |
| SAMET CORPORATION | ||||||
| PO BOX 8050 | GREENSBORO | NC | 27419 | CONSTRUCTION | $6,449,591 | |
| COLMAR CONTRACTING INC | ||||||
| PO BOX 8516 | GREENSBORO | NC | 27419 | CONTRACTOR | $2,104,126 | |
| DAVIE CONSTRUCTION COMPANY | ||||||
| PO BOX 1724 | CLEMMONS | NC | 27012 | CONSTRUCTION | $2,085,467 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 114 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $56,284 | FundraisingAmt |
| Government Grants | $2,331,934 | GovernmentGrantsAmt |
| All Other Contributions | $29,149,012 | AllOtherContributionsAmt |
| Noncash Contributions | $7,158,504 | NoncashContributionsAmt |
| Total Contributions | $31,537,230 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION & FEES | 900099 | $206,204,589 | $206,204,589 |
| AUXILIARY ENTERPRISES | 900099 | $37,964,619 | $37,964,619 |
| ATHLETICS | 900099 | $3,933,928 | $3,933,928 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $248,103,136 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $809,174 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$653,191 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,462,365 | ExclusionAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
| Personal | $0 | PersonalAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $7,909,854 | SecuritiesAmt |
| Other | $18,275 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $7,854,414 | SecuritiesAmt |
| Other | $102,735 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $55,440 | SecuritiesAmt |
| Other | -$84,460 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$29,020 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$29,020 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $132,155 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $56,284 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $84,470 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $47,685 | TotalRevenueColumnAmt |
| Exclusion | $47,685 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| OTHER REVENUES | 900099 | $1,774,168 | $1,772,731 | $1,437 |
| ADVERTISING | 900099 | $69,160 | $69,160 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,843,328 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $282,311,533 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $249,846,847 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | -$582,594 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,510,050 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $37,665,892 | TotalAmt |
| Program Services | $37,665,892 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,265,573 | TotalAmt |
| Program Services | $644,707 | ProgramServicesAmt |
| Management And General | $1,416,290 | ManagementAndGeneralAmt |
| Fundraising | $204,576 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $91,357,057 | TotalAmt |
| Program Services | $70,499,510 | ProgramServicesAmt |
| Management And General | $17,693,469 | ManagementAndGeneralAmt |
| Fundraising | $3,164,078 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,909,145 | TotalAmt |
| Program Services | $4,370,705 | ProgramServicesAmt |
| Management And General | $1,352,727 | ManagementAndGeneralAmt |
| Fundraising | $185,713 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,970,153 | TotalAmt |
| Program Services | $9,660,563 | ProgramServicesAmt |
| Management And General | $2,912,939 | ManagementAndGeneralAmt |
| Fundraising | $396,651 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,221,118 | TotalAmt |
| Program Services | $5,281,447 | ProgramServicesAmt |
| Management And General | $1,709,653 | ManagementAndGeneralAmt |
| Fundraising | $230,018 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $367,437 | TotalAmt |
| Program Services | $364 | ProgramServicesAmt |
| Management And General | $367,073 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $197,052 | TotalAmt |
| Management And General | $197,052 | ManagementAndGeneralAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,240 | TotalAmt |
| Fundraising | $17,240 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,562,167 | TotalAmt |
| Program Services | $1,426,217 | ProgramServicesAmt |
| Management And General | $135,950 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,685,136 | TotalAmt |
| Program Services | $13,761,052 | ProgramServicesAmt |
| Management And General | $810,686 | ManagementAndGeneralAmt |
| Fundraising | $113,398 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $698,477 | TotalAmt |
| Program Services | $681,814 | ProgramServicesAmt |
| Management And General | $16,386 | ManagementAndGeneralAmt |
| Fundraising | $277 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,652,225 | TotalAmt |
| Program Services | $9,346,239 | ProgramServicesAmt |
| Management And General | $7,095,507 | ManagementAndGeneralAmt |
| Fundraising | $210,479 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,214,892 | TotalAmt |
| Program Services | $262,299 | ProgramServicesAmt |
| Management And General | $2,945,296 | ManagementAndGeneralAmt |
| Fundraising | $7,297 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,579,211 | TotalAmt |
| Program Services | $1,519,795 | ProgramServicesAmt |
| Management And General | $15,059,416 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,957,973 | TotalAmt |
| Program Services | $13,010,055 | ProgramServicesAmt |
| Management And General | $809,188 | ManagementAndGeneralAmt |
| Fundraising | $138,730 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,819,750 | TotalAmt |
| Program Services | $3,224,396 | ProgramServicesAmt |
| Management And General | $536,536 | ManagementAndGeneralAmt |
| Fundraising | $58,818 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $99,130 | TotalAmt |
| Management And General | $99,130 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,222,127 | TotalAmt |
| Program Services | $11,036,321 | ProgramServicesAmt |
| Management And General | $127,322 | ManagementAndGeneralAmt |
| Fundraising | $58,484 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,557,490 | TotalAmt |
| Program Services | $364,895 | ProgramServicesAmt |
| Management And General | $1,192,595 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| DEBT SERVICE | $4,657,595 | $4,657,595 | ||
| SPECIAL PROJECTS | $2,681,742 | $2,558,918 | $72,177 | $50,647 |
| INTEREST RATE SWAP | $699,811 | $699,811 | ||
| OTHER | -$2,581,557 | $26,166,656 | -$29,072,490 | $324,277 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $247,476,836 | TotalAmt |
| Program Services | $216,139,440 | ProgramServicesAmt |
| Management And General | $26,176,713 | ManagementAndGeneralAmt |
| Fundraising | $5,160,683 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $58,873,558 | BOYAmt |
| EOY | $37,185,569 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,268,383 | BOYAmt |
| EOY | $12,762,591 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,259,783 | BOYAmt |
| EOY | $4,045,024 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $69,924 | BOYAmt |
| EOY | $59,590 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,880,999 | BOYAmt |
| EOY | $4,526,829 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $449,026,334 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $108,432,458 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $330,743,756 | BOYAmt |
| EOY | $340,593,876 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $43,851,621 | BOYAmt |
| EOY | $64,670,152 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $178,876,420 | BOYAmt |
| EOY | $205,602,615 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,606,401 | BOYAmt |
| EOY | $3,161,051 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,154,041 | BOYAmt |
| EOY | $560,291 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $627,584,886 | BOYAmt |
| EOY | $673,167,588 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,117,900 | BOYAmt |
| EOY | $19,506,560 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,424,983 | BOYAmt |
| EOY | $3,062,766 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $154,905,000 | BOYAmt |
| EOY | $149,185,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,435,680 | BOYAmt |
| EOY | $25,442,634 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $205,883,563 | BOYAmt |
| EOY | $197,196,960 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $277,542,862 | BOYAmt |
| EOY | $307,154,641 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $41,514,115 | BOYAmt |
| EOY | $57,254,074 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $102,644,346 | BOYAmt |
| EOY | $111,561,913 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $421,701,323 | BOYAmt |
| EOY | $475,970,628 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $627,584,886 | BOYAmt |
| EOY | $673,167,588 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $34,834,697 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $19,434,601 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $7 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (true) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (true) | 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
Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets Included | $2,062,873 | AssetsIncludedAmt |
Held Works Art HeldWorksArtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenues Included | $0 | RevenuesIncludedAmt |
| Assets Included | $0 | AssetsIncludedAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Coll Used Scholarly Rsrch | Yes (X) | CollUsedScholarlyRsrchInd |
| Collection Used Preservation | Yes (X) | CollectionUsedPreservationInd |
| Solicited Assets Sale | false | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $188,687,623 | BeginningYearBalanceAmt |
| Contributions | $14,601,394 | ContributionsAmt |
| Investment Earnings Or Losses | $19,757,493 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $5,007,667 | GrantsOrScholarshipsAmt |
| Other Expenditures | $2,252,104 | OtherExpendituresAmt |
| Administrative Expenses | $1,562,167 | AdministrativeExpensesAmt |
| End Year Balance | $214,224,572 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $158,819,152 | BeginningYearBalanceAmt |
| Contributions | $13,744,425 | ContributionsAmt |
| Investment Earnings Or Losses | $24,217,271 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $4,166,407 | GrantsOrScholarshipsAmt |
| Other Expenditures | $1,969,460 | OtherExpendituresAmt |
| Administrative Expenses | $1,957,358 | AdministrativeExpensesAmt |
| End Year Balance | $188,687,623 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $133,958,547 | BeginningYearBalanceAmt |
| Contributions | $12,210,254 | ContributionsAmt |
| Investment Earnings Or Losses | $19,147,527 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $3,580,637 | GrantsOrScholarshipsAmt |
| Other Expenditures | $1,716,099 | OtherExpendituresAmt |
| Administrative Expenses | $1,200,440 | AdministrativeExpensesAmt |
| End Year Balance | $158,819,152 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $128,127,478 | BeginningYearBalanceAmt |
| Contributions | $12,008,099 | ContributionsAmt |
| Investment Earnings Or Losses | -$628,337 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,985,735 | GrantsOrScholarshipsAmt |
| Other Expenditures | $1,598,352 | OtherExpendituresAmt |
| Administrative Expenses | $964,606 | AdministrativeExpensesAmt |
| End Year Balance | $133,958,547 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $108,826,135 | BeginningYearBalanceAmt |
| Contributions | $4,803,634 | ContributionsAmt |
| Investment Earnings Or Losses | $19,709,542 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,682,455 | GrantsOrScholarshipsAmt |
| Other Expenditures | $1,426,816 | OtherExpendituresAmt |
| Administrative Expenses | $1,102,562 | AdministrativeExpensesAmt |
| End Year Balance | $128,127,478 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.367 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.514 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.119 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | false | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $20,024,812 | OtherCostOrOtherBasisAmt |
| Book Value | $20,024,812 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $343,778,894 | OtherCostOrOtherBasisAmt |
| Depreciation | $68,191,662 | DepreciationAmt |
| Book Value | $275,587,232 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,215,782 | OtherCostOrOtherBasisAmt |
| Depreciation | $612,671 | DepreciationAmt |
| Book Value | $2,603,111 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $29,714,350 | OtherCostOrOtherBasisAmt |
| Depreciation | $20,926,790 | DepreciationAmt |
| Book Value | $8,787,560 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $52,292,496 | OtherCostOrOtherBasisAmt |
| Depreciation | $18,701,335 | DepreciationAmt |
| Book Value | $33,591,161 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $340,593,876 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (3 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| Alternative Investments | $203,329,671 | F |
| Other | $1,334,296 | F |
| Real Estate | $938,648 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $205,602,615 | TotalBookValueSecuritiesAmt |
| Federal Income Tax Liability | $0 | FederalIncomeTaxLiabilityAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)
| DescDesc | AmtAmt |
|---|---|
| Agency obligations & Refundable advances | $4,870,863 |
| Student deposits | $6,723,809 |
| Federal advance-Perkins student loans | $3,391,288 |
| Capital lease obligations | $2,114,972 |
| Obligation under interest rate swap | $8,341,702 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $25,442,634 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $262,688,082 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $19,434,601 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$37,665,892 | OtherRevenueAmt |
| Revenue Not Reported | -$18,231,291 | RevenueNotReportedAmt |
| Revenue Subtotal | $280,919,373 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $1,476,636 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | -$84,476 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $1,392,160 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $282,311,533 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $207,718,966 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $84,470 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $84,470 | ExpensesNotReportedAmt |
| Expenses Subtotal | $207,634,496 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $1,476,636 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $38,365,704 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $39,842,340 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $247,476,836 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule D, Part III, Line 4 Collections of art - description of collections | THE COLLECTIONS OF ART AND SIMILAR ASSETS ARE USED FOR TEACHING AND RESEARCH BY THE UNIVERSITY'S FACULTY AND STUDENTS. SOME PIECES ARE ON DISPLAY THROUGHOUT THE CAMPUS. |
| Schedule D, Part V, Line 4 Intended uses of endowment funds | THE UNIVERSITY'S ENDOWMENT CONSISTS OF INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF EDUCATIONAL PURPOSES WHICH INCLUDE THE FUNDING OF SCHOLARSHIPS, PROFESSORSHIPS AND PROGRAM RELATED ACTIVITIES SUCH AS STUDY ABROAD, FACULTY DEVELOPMENT, COMMUNICATIONS STUDIES, LECTURE SERIES, SUPPORT OF SPIRITUAL LIFE, ETC. SCHOLARSHIPS PROVIDED INCLUDE ACADEMIC, ATHLETIC AND NEED BASED SCHOLARSHIPS WHICH ARE AWARDED BY THE OFFICE OF FINANCIAL PLANNING ON AN ANNUAL BASIS. FUNDS PROVIDED FOR PROFESSORSHIPS ARE USED TO FUND SALARY AND OPERATING EXPENSES FOR THE INTENDED AREA OF STUDY. EXTERNAL INVESTMENT MANAGERS ARE EMPLOYED TO OVERSEE THE ENDOWMENT FUNDS. THE BOARD OF TRUSTEES HAVE APPROVED AN ENDOWMENT SPENDING POLICY WHEREBY DISTRIBUTIONS ARE USED TO FUND THE EDUCATIONAL PURPOSES DESCRIBED ABOVE. |
| Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote | THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT ON NET INCOME DERIVED FROM ACTIVITIES UNRELATED TO ITS BUSINESS PURPOSE. THE UNIVERSITY BELIEVES IT HAS SUFFICIENT JUSTIFICATION FOR ANY TAX POSITIONS TAKEN, INCLUDING ALLOCATION OF EXPENSES TO ITS UNRELATED BUSINESS INCOME AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS. GENERALLY, FEDERAL INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICES FOR THREE YEARS AFTER THEY ARE FILED. AS OF THE REPORT DATE (SEPTEMBER 19, 2014), THE UNIVERSITY'S FEDERAL EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURNS (FORM 990-T) FOR 2013, 2012 AND 2011 REMAIN SUBJECT TO SAID EXAMINATION. |
| Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 | TUITION DISCOUNT - -37665892 |
| Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements | FUNDRAISING EXPENSE REPORTED ON 990-Part VIII Line 8b - -84470 Rounding - -6 |
| Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 | FUNDRAISING EXPENSES - 84470 |
| Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements | Interest Rate Swap - 699811 Tuition Discount - 37665892 Rounding - 1 |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (true) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (true) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (true) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (true) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (true) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (true) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (true) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | false | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | false | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | false | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | false | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | false | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | false | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (true) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | false | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (true) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY | ELON UNIVERSITY'S NONDISCRIMINATORY POLICY APPEARS ON ITS APPLICATION, IN THE VIEWBOOK, PRE-REGISTRATION GUIDE, ACADEMIC CATALOG AND ON MONITORS ACROSS CAMPUS. THE POLICY STATES "THE UNIVERSITY DOES NOT DISCRIMINATE ON THE BASIS OF AGE, RACE, COLOR, CREED, SEX, NATIONAL OR ETHNIC ORIGIN, DISABILITY, SEXUAL ORIENTATION, GENDER IDENTITY, OR VETERAN'S STATUS (COLLECTIVELY KNOWN AS "PROTECTED CATEGORIES") IN THE RECRUITMENT AND ADMISSION OF STUDENTS, THE RECRUITMENT AND EMPLOYMENT OF FACULTY AND STAFF OR THE OPERATION OF ANY OF ITS PROGRAMS." |
| Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT | THE UNIVERSITY RECEIVES FUNDS FROM THE FEDERAL GOVERNMENT AND THE STATE OF NORTH CAROLINA ON BEHALF OF ITS STUDENTS WHO HAVE DEMONSTRATED FINANCIAL NEED. A LIST OF ANY FINANCIAL AID OR ASSISTANCE FROM STATE AND FEDERAL AGENCIES IS ON FILE AT THE INSTITUTION AND IS PUBLISHED IN THE A-133 AUDIT EACH YEAR. |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (8 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| Central America and the Caribbean | 0 | 0 | Program Services | STUDY ABROAD | $224,902 |
| East Asia and the Pacific | 0 | 0 | Program Services | STUDY ABROAD | $573,077 |
| Europe (Including Iceland and Greenland) | 0 | 0 | Program Services | STUDY ABROAD | $5,488,121 |
| Middle East and North Africa | 0 | 0 | Program Services | STUDY ABROAD | $12,479 |
| North America (Canada & Mexico only) | 0 | 0 | Program Services | STUDY ABROAD | $26,570 |
| South America | 0 | 0 | Program Services | STUDY ABROAD | $9,020 |
| South Asia | 0 | 0 | Program Services | STUDY ABROAD | $122,182 |
| Sub-Saharan Africa | 0 | 0 | Program Services | STUDY ABROAD | $155,936 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continutation Total Office | 0 | ContinutationTotalOfficeCnt |
| Continutation Total Employee | 0 | ContinutationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $6,612,287 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $6,612,287 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (true) | TransferToForeignCorpInd |
| Interest In Foreign Trust | false | InterestInForeignTrustInd |
| Foreign Corp Ownership | false | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | false | PassiveForeignInvestmestCoInd |
| Foreign Partnership | false | ForeignPartnershipInd |
| Boycott Countries | false | BoycottCountriesInd |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | Yes (X) | MailSolicitationsInd |
| Email Solicitations | Yes (X) | EmailSolicitationsInd |
| Phone Solicitations | Yes (X) | PhoneSolicitationsInd |
| In Person Solicitations | Yes (X) | InPersonSolicitationsInd |
| Solicitation Of Non Govt Grants | Yes (X) | SolicitationOfNonGovtGrantsInd |
| Solicitation Of Govt Grants | Yes (X) | SolicitationOfGovtGrantsInd |
| Special Fundraising Events | Yes (X) | SpecialFundraisingEventsInd |
| Agrmt Prof Fundraising Acty | Yes (true) | AgrmtProfFundraisingActyInd |
Fundraiser Activity Info FundraiserActivityInfoGrp
Organization Business Name OrganizationBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RUFFALOCODY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activity | PHONATHON | ActivityTxt |
| Fundraiser Control Of Funds | false | FundraiserControlOfFundsInd |
| Retained By Contractor | $11,140 | RetainedByContractorAmt |
| Net To Organization | -$11,140 | NetToOrganizationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Gross Receipts | $0 | TotalGrossReceiptsAmt |
| Total Retained By Contractors | $11,140 | TotalRetainedByContractorsAmt |
| Total Net To Organization | -$11,140 | TotalNetToOrganizationAmt |
| Licensed States | AL | LicensedStatesCd |
| Licensed States | AK | LicensedStatesCd |
| Licensed States | AR | LicensedStatesCd |
| Licensed States | CA | LicensedStatesCd |
| Licensed States | CO | LicensedStatesCd |
| Licensed States | CT | LicensedStatesCd |
| Licensed States | FL | LicensedStatesCd |
| Licensed States | GA | LicensedStatesCd |
| Licensed States | HI | LicensedStatesCd |
| Licensed States | IL | LicensedStatesCd |
| Licensed States | KS | LicensedStatesCd |
| Licensed States | KY | LicensedStatesCd |
| Licensed States | LA | LicensedStatesCd |
| Licensed States | ME | LicensedStatesCd |
| Licensed States | MD | LicensedStatesCd |
| Licensed States | MA | LicensedStatesCd |
| Licensed States | MI | LicensedStatesCd |
| Licensed States | MN | LicensedStatesCd |
| Licensed States | MS | LicensedStatesCd |
| Licensed States | MO | LicensedStatesCd |
| Licensed States | NH | LicensedStatesCd |
| Licensed States | NJ | LicensedStatesCd |
| Licensed States | NM | LicensedStatesCd |
| Licensed States | NY | LicensedStatesCd |
| Licensed States | NC | LicensedStatesCd |
| Licensed States | ND | LicensedStatesCd |
| Licensed States | OH | LicensedStatesCd |
| Licensed States | OK | LicensedStatesCd |
| Licensed States | OR | LicensedStatesCd |
| Licensed States | PA | LicensedStatesCd |
| Licensed States | RI | LicensedStatesCd |
| Licensed States | SC | LicensedStatesCd |
| Licensed States | TN | LicensedStatesCd |
| Licensed States | VA | LicensedStatesCd |
| Licensed States | WA | LicensedStatesCd |
| Licensed States | WV | LicensedStatesCd |
| Licensed States | WI | LicensedStatesCd |
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | Night of the Phoenix | Event1Nm |
| Gross Receipts Event1 | $146,616 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $56,284 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $90,332 | GrossRevenueEvent1Amt |
| Rent Facility Costs Event1 | $1,952 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $18,974 | FoodAndBeverageEvent1Amt |
| Entertainment Event1 | $18,001 | EntertainmentEvent1Amt |
| Other Direct Expenses Event1 | $6,824 | OtherDirectExpensesEvent1Amt |
| Event2 | Chopper Dropper | Event2Nm |
| Gross Receipts Event2 | $41,823 | GrossReceiptsEvent2Amt |
| Gross Revenue Event2 | $41,823 | GrossRevenueEvent2Amt |
| Cash Prizes Event2 | $18,000 | CashPrizesEvent2Amt |
| Food And Beverage Event2 | $9,148 | FoodAndBeverageEvent2Amt |
| Entertainment Event2 | $3,344 | EntertainmentEvent2Amt |
| Other Direct Expenses Event2 | $8,227 | OtherDirectExpensesEvent2Amt |
| Other Events Total | 0 | OtherEventsTotalCnt |
| Gross Receipts Other Events | $0 | GrossReceiptsOtherEventsAmt |
| Charitable Contri Other Events | $0 | CharitableContriOtherEventsAmt |
| Gross Revenue Other Events | $0 | GrossRevenueOtherEventsAmt |
| Cash Prizes Other Events | $0 | CashPrizesOtherEventsAmt |
| Non Cash Prizes Other Events | $0 | NonCashPrizesOtherEventsAmt |
| Rent Fclty Costs Other Events | $0 | RentFcltyCostsOtherEventsAmt |
| Food And Beverage Other Events | $0 | FoodAndBeverageOtherEventsAmt |
| Entertainment Other Events | $0 | EntertainmentOtherEventsAmt |
| Oth Direct Expnss Other Events | $0 | OthDirectExpnssOtherEventsAmt |
| Gross Receipts Total | $188,439 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $56,284 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $132,155 | GrossRevenueTotalEventsAmt |
| Cash Prizes Total Events | $18,000 | CashPrizesTotalEventsAmt |
| Non Cash Prizes Total Events | $0 | NonCashPrizesTotalEventsAmt |
| Rent Fclty Costs Total Events | $1,952 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $28,122 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $21,345 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $15,051 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $84,470 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $47,685 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | FINANCIAL AID TO STUDENTS | GrantTypeTxt |
| Recipient | 4399 | RecipientCnt |
| Cash Grant | $37,665,892 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule I, Part I, Line 2 Description Of Procedure For Monitoring Use Of Grant Funds | SCHOLARSHIP FUNDS ARE MONITORED COLLABORATIVELY BY THE OFFICE OF THE REGISTRAR, OFFICE OF THE BURSAR, FINANCIAL PLANNING, AND THE ACCOUNTING OFFICE TO VERIFY ELIGIBILITY, APPROPRIATE SELECTION CRITERIA AND APPLICATION OF SCHOLARSHIP FUNDS. FUNDS ARE CREDITED DIRECTLY TO THE STUDENTS' ACCOUNTS |
| Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. | SCHOLARSHIP FUNDS ARE MONITORED COLLABORATIVELY BY THE OFFICE OF THE REGISTRAR, OFFICE OF THE BURSAR, FINANCIAL PLANNING, AND THE ACCOUNTING OFFICE TO VERIFY ELIGIBILITY, APPROPRIATE SELECTION CRITERIA AND APPLICATION OF SCHOLARSHIP FUNDS. FUNDS ARE CREDITED DIRECTLY TO THE STUDENTS' ACCOUNTS |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Idemnification Gross Up Pmts | Yes (X) | IdemnificationGrossUpPmtsInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Personal Services | Yes (X) | PersonalServicesInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (11 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dr Leo Lambert | ||||||||||||||
| President | $408,869 | $0 | $0 | $0 | $127,891 | $0 | $20,800 | $0 | $19,031 | $0 | $576,591 | $0 | $0 | $0 |
| Gerald Whittington | ||||||||||||||
| Sr. VP -Bus, Fin & Tech. | $295,094 | $0 | $0 | $0 | $75,115 | $0 | $20,800 | $0 | $19,273 | $0 | $410,282 | $0 | $0 | $0 |
| Dr Gerry Francis | ||||||||||||||
| Exec. Vice President | $209,023 | $0 | $0 | $0 | $34,951 | $0 | $17,225 | $0 | $16,815 | $0 | $278,014 | $0 | $0 | $0 |
| Dr Steven House | ||||||||||||||
| Prov & VP Academic Affairs | $228,017 | $0 | $0 | $0 | $31,346 | $0 | $19,904 | $0 | $9,498 | $0 | $288,765 | $0 | $0 | $0 |
| David L (Dave) Blank | ||||||||||||||
| Director of Athletics | $219,851 | $0 | $0 | $0 | $6,312 | $0 | $18,483 | $0 | $25,272 | $0 | $269,918 | $0 | $0 | $0 |
| Dr Smith Jackson | ||||||||||||||
| Vice Pres. & Dean of Students | $172,901 | $0 | $0 | $0 | $22,745 | $0 | $14,130 | $0 | $14,559 | $0 | $224,335 | $0 | $0 | $0 |
| Richard J Skrosky | ||||||||||||||
| Football Coach | $288,525 | $0 | $0 | $0 | $4,489 | $0 | $20,800 | $0 | $5,397 | $0 | $319,211 | $0 | $0 | $0 |
| Raghuram Tadepalli | ||||||||||||||
| Dean-School of Bus. | $254,041 | $0 | $0 | $0 | $3,766 | $0 | $20,640 | $0 | $12,047 | $0 | $290,494 | $0 | $0 | $0 |
| Matthew M Matheny | ||||||||||||||
| Basketball Coach | $230,827 | $0 | $0 | $0 | $24,339 | $0 | $19,000 | $0 | $8,672 | $0 | $282,838 | $0 | $0 | $0 |
| George Johnson | ||||||||||||||
| School of Law | $240,825 | $0 | $0 | $0 | $12,672 | $0 | $19,513 | $0 | $5,267 | $0 | $278,277 | $0 | $0 | $0 |
| James Piatt | ||||||||||||||
| VP- Inst. Adv. | $235,492 | $0 | $0 | $0 | $14,953 | $0 | $19,553 | $0 | $22,711 | $0 | $292,709 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule J, Part I, Line 1a Tax indemnification and gross-up payments | TAX INDEMNIFICATION AND GROSS-UP PAYMENTS INCLUDING SOCIAL CLUB DUES: THE UNIVERSITY GROSSES UP TWO BENEFITS FOR CERTAIN SENIOR STAFF: SOCIAL CLUB DUES AND CAR ALLOWANCES. SOCIAL CLUB MEMBERSHIPS ARE USED FOR ENTERTAINMENT/FUNDRAISING PURPOSES FOR THE DIRECT BENEFIT OF THE UNIVERSITY. PERSONAL USE OF THE SOCIAL CLUB AND CARS ARE INCLUDED IN THE TAXABLE INCOME OF THE EMPLOYEES. |
| Schedule J, Part I, Line 1a Housing allowance or residence for personal use | HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: THE ONLY PERSON WHO RECEIVES HOUSING IS THE UNIVERSITY PRESIDENT. HIS CONTRACT STATES THAT AS A CONDITION OF HIS EMPLOYMENT AS PRESIDENT OF THE UNIVERSITY AND AS A BENEFIT TO THE UNIVERSITY HE IS TO RESIDE IN THE UNIVERSITY PROVIDED HOUSING. IN ADDITION, HIS CONTRACTS STATES THAT THE UNIVERSITY SHALL PAY ALL UTILITIES, REAL ESTATE TAXES, INSURANCE AND EXPENSE FOR MAINTENANCE AND UPKEEP FOR THE PRESIDENTIAL RESIDENCE. |
| Schedule J, Part I, Line 1a Health or social club dues or initiation fees | SOCIAL CLUB MEMBERSHIPS ARE USED FOR ENTERTAINMENT/FUNDRAISING PURPOSES FOR THE DIRECT BENEFIT OF THE UNIVERSITY. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|
| NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY | |||||||
| A | 561592154 | 2012-07-18 | $54,595,000 | FINANCE COST OF IMPROVEMENTS | false | false | false |
| NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY | |||||||
| B | 561592154 | 2014-09-30 | $39,985,000 | REFUNDED ISSUES 1997, 1998, 2000, 2001C AND 2006. | false | false | false |
| NORTH CAROLINA FACILITIES FINANCE AGENCY SERIES | |||||||
| C | 561592154 | 2014-09-30 | $60,325,000 | REFUNDED ISSUES 2010 AND 2011. | false | false | false |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Total ProceedsTotalProceedsAmt | Capitalized InterestCapitalizedInterestAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Capital ExpendituresCapitalExpendituresAmt | Other Spent ProceedsOtherSpentProceedsAmt | Substantial CompletionSubstantialCompletionYr | Current RefundingCurrentRefundingInd | Advance RefundingAdvanceRefundingInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $0 | $54,828,584 | $1,901,578 | $235,373 | $50,569,436 | $500,000 | 2014 | false | false | false | Yes (true) |
| B | $39,985,000 | $39,985,000 | 2008 | Yes (true) | false | Yes (true) | Yes (true) | ||||
| C | $60,325,000 | $60,325,000 | 2013 | Yes (true) | false | Yes (true) | Yes (true) |
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 | Total Private Business UseTotalPrivateBusinessUsePct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|
| A | false | false | false | false | 0.0 | false | false | Yes (true) |
| B | false | false | false | false | 0.0 | false | false | Yes (true) |
| C | false | false | false | false | 0.0 | false | false | Yes (true) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Superintegrated HedgeSuperintegratedHedgeInd | Hedge TerminatedHedgeTerminatedInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd | Rebate Not Due YetRebateNotDueYetInd | Term Of HedgeTermOfHedgePct |
|---|---|---|---|---|---|---|---|---|---|---|---|
| (no name) | |||||||||||
| A | false | Yes (true) | Yes (true) | false | false | false | false | false | Yes (true) | ||
| WELLS FARGO | |||||||||||
| B | false | Yes (true) | Yes (true) | false | false | false | false | Yes (true) | Yes (true) | 25.0 | |
| WELLS FARGO | |||||||||||
| C | false | Yes (true) | Yes (true) | false | false | false | false | Yes (true) | Yes (true) | 25.0 | |
Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (true) |
| B | Yes (true) |
| C | Yes (true) |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule K, Part II, Line 3 Column A | NC CAPITAL FACITILITIES FINANCE AGENCY-$233,584 Interest earned has been added to the issue price. |
| Schedule K, Part II, Line 13 COLUMN C | NC Facilities Finance Agency Series-In September 2014 the university extinguished the outstanding debt related to revenue bond series 2010 and 2011 and arranged for debt refinancing through a direct purchase. Projects funded by the original bond issues were completed in 2013. |
| Schedule K, Part II, Line 13 Column B | NC Facilities Finance Agency Series-In September 2014 the university extinguished the outstanding debt related to revenue bond series 1997, 1998, 2000, 2001C, and 2006 and arranged for debt refinancing through a direct purchase. Projects funded by the original bond issues were completed in 2008. |
| Schedule K, Part IV, Line 2c Rebate Calculation | Issuer name: NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY The calculation for computing no rebate due was performed on 12/31/2014 |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (5 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| LAURIE LAMBERT | |||
| FAMILY MEMBER | $49,980 | IND. CONTRACTOR | false |
| INDUSTRIAL PAPER | |||
| TRUSTEE | $235,115 | SUPPLIER | false |
| SUSAN LINDLEY | |||
| FAMILY MEMBER | $58,284 | EMPLOYEE | false |
| RENE JACKSON | |||
| FAMILY MEMBER | $58,776 | EMPLOYEE | false |
| HUNT ELECTRICAL | |||
| FAMILY MEMBER | $179,246 | SUPPLIER | false |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 52 | ContributionCnt |
| Noncash Contributions Rpt F990 | $7,093,975 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Market value | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp (3 entries)
| Non Cash CheckboxNonCashCheckboxInd | DescDesc | ContributionContributionCnt | Noncash Contributions Rpt F990NoncashContributionsRptF990Amt | Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt |
|---|---|---|---|---|
| Yes (X) | Leased Vechicle | 4 | $17,288 | Market value |
| Yes (X) | Miscellaneous | 1 | $13,500 | Market value |
| Yes (X) | Miscellaneous | 2 | $33,741 | Market value |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (true) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | Yes (true) | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule M, Part I, Line 32b Third parties used to solicit, process, or sell noncash contributions | THIRD PARTY USED TO PROCESS NONCASH CONTRIBUTIONS. PUBLICLY TRADED SECURITIES DONATED TO THE UNIVERSITY ARE SOLD THROUGH A THIRD PARTY STOCK BROKER. IT IS THE UNIVERSITY'S POLICY TO SELL STOCK GIFTS IMMEDIATELY. |
| Schedule M, Part I Explanations of reporting method for number of contributions | Other: Number of contributions Other: Number of contributions Other: Number of contributions Securities - Publicly traded: Number of contributions |
| Schedule M, Part I Number of contributions or items contributed | Number of contributions |
| Schedule M, Part I Number of contributions or items contributed | Number of contributions |
| Schedule M, Part I Number of contributions or items contributed | Number of contributions |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| CoreFormPartIII_PartIIILine4d Description of other program services | (Expenses $ 7,711,664 including grants of $)(Revenue $ 1,743,711) ACADEMIC SUPPORT - EXPENSES INCURRED TO PROVIDE SUPPORT SERVICES FOR THE INSTITUTION'S PRIMARY MISSION OF INSTRUCTION, INCLUDING THE LIBRARY, MEDIA SERVICES, AND TECHNOLOGY. |
| Form 990, Part VI, Line 2 Family/business relationships amongst interested persons | GAIL DREW LANE AND DALTON L. McMICHAEL, JR. - Family relationship |
| Form 990, Part VI, Line 11b Review of form 990 by governing body | THE FORM 990 IS REVIEWED AND APPROVED BY THE AUDIT COMMITTEE BEFORE FILING. ALSO, A COPY IS PROVIDED TO THE BOARD THROUGH A PASSWORD PROTECTED WEBSITE. |
| Form 990, Part VI, Line 12c Conflict of interest policy | THE UNIVERSITY SENDS OUT AN ANNUAL CONFLICT OF INTEREST FORM TO ALL KEY EMPLOYEES AND MEMBERS OF THE BOARD. EACH YEAR THESE PERSONS ARE TO RE-READ THE CONFLICT OF INTEREST POLICY AND FILL OUT THE ATTACHED FORM WITH VARIOUS QUESTIONS. THE FORMS ARE MONITORED BY THE ASSISTANT TO THE BOARD OF TRUSTEES AND SENT TO THE AUDIT COMMITTEE CHAIR. IF AN ITEM COMES TO VOTE THAT PRESENTS A CONFLICT FOR A BOARD MEMBER, THEY RECUSE THEMSELVES FROM ALL DISCUSSIONS AND VOTE. |
| Form 990, Part VI, Line 15a Process to establish compensation of top management official | THE INDEPENDENT PERSONNEL COMMITTEE, A SUB-COMMITTEE OF THE BOARD OF TRUSTEES, HIRES AN INDEPENDENT COMPENSATION CONSULTANT. THE CONSULTANT GATHERS COMPENSATION DATA FROM OTHER UNIVERSITIES, PUBLISHED SURVEYS, AND THE FORMS 990. THE COMMITTEE REVIEWS THE DATA AND FORMULATES A RECOMMENDATION FOR THE BOARD OF TRUSTEES FOR APPROVAL. THESE DISCUSSIONS ARE DOCUMENTED IN THE MEETING MINUTES. FOR ALL OTHER EMPLOYEES, THE HUMAN RESOURCES DEPARTMENT REVIEWS SALARY RANGES AND COMPARES THEM TO INDUSTRY STANDARDS ON A REGULAR BASIS. |
| Form 990, Part VI, Line 15b Process to establish compensation of other employees | SEE DESCRIPTION FOR LINE 15A. |
| Form 990, Part VI, Line 19 Required documents available to the public | CERTAIN DOCUMENTS ARE AVAILABLE ON THE UNIVERSITY'S WEBSITE. SOME POLICIES ARE AVAILABLE ONLY UPON REQUEST. |
| Form 990, Part XI, Line 9 Other changes in net assets or fund balances | ROUNDING - 7; |
| Schedule M, Part I, Line 9 Number of contributions or items contributed | Number of contributions |
| Schedule M, Part I, Line 32b Third parties used to solicit, process, or sell noncash contributions | THIRD PARTY USED TO PROCESS NONCASH CONTRIBUTIONS. PUBLICLY TRADED SECURITIES DONATED TO THE UNIVERSITY ARE SOLD THROUGH A THIRD PARTY STOCK BROKER. IT IS THE UNIVERSITY'S POLICY TO SELL STOCK GIFTS IMMEDIATELY. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TRI-STATE REAL PROPERTIES LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 615 S DUPONT HIGHWAY | AddressLine1Txt |
| City | DOVER | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 19901 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 260353244 | EIN |
| Primary Activities | REAL ESTATE | PrimaryActivitiesTxt |
| Legal Domicile State | DE | LegalDomicileStateCd |
| Total Income | $33,415 | TotalIncomeAmt |
| End Of Year Assets | $459,000 | EndOfYearAssetsAmt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ELON UNIVERSITY | BusinessNameLine1Txt |