2016-02-11T08:47:05-06:00 2015-06-30 560574444 CHERRY BEKAERT LLP 1111 METROPOLITAN AVE STE 1000 CHARLOTTE NC 28204 990 2014-07-01 560530242 MEREDITH COLLEGE MERE 9197608516 3800 HILLSBOROUGH STREET RALEIGH NC 27607 CRAIG BARFIELD VP FOR BUSINESS & FINANCE 9197608516 2016-02-04 1 JANICE A RATICA P00358837 7043771678 2014 2016-04-25 22:37:26Z DR JO ALLEN 3800 HILLSBOROUGH STREET RALEIGH NC 27607 87353445 0 X WWW.MEREDITH.EDU X 1891 NC 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. 32 32 1245 350 50359 -37485 10104360 8353350 59552493 65801336 4048868 3535645 2435 0 73708156 77690331 16494236 19893772 0 0 27042313 27044552 43200 37977 1402090 24216606 23971715 67796355 70948016 5911801 6742315 173549988 176423051 70565922 69525262 102984066 106897789 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. 0 0 32775362 37225055 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. 19893772 19893772 19893772 SCHOLARSHIPS AND GRANTS: THE COLLEGE PROVIDES APPROXIMATELY 1,613 STUDENTS WITH SCHOLARSHIPS AND GRANTS TO ASSIST IN THE PURSUIT OF UNDERGRADUATE AND GRADUATE DEGREES. 8578325 8682509 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. 61247459 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 1 1 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 2777 0 1 1245 1 1 1 1 UK IT 0 0 0 0 0 0 0 0 X 32 32 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 NC X CRAIG M BARFIELD 9197608516 3800 HILLSBOROUGH ST RALEIGH NC 27607 CHRISTIE BISHOP BARBEE MEMBER 1.00 X 0 0 0 MARGARET R BEALE MEMBER 1.00 X 0 0 0 GREGORY BENNETT MEMBER 1.00 X 0 0 0 ROBERT BRODNEY MEMBER 1.00 X 0 0 0 YVETTE M BROWN MEMBER 1.00 X 0 0 0 NANCY CHEEK MEMBER 1.00 X 0 0 0 ROGERS CLARK MEMBER 1.00 X 0 0 0 THOMAS CONWAY MEMBER 1.00 X 0 0 0 JOSEPHINE COOPER MEMBER 1.00 X 0 0 0 BOB EAVES MEMBER 1.00 X 0 0 0 SAM E EWELL JR MEMBER 1.00 X 0 0 0 BETSY PORTER FRITSCHEL MEMBER 1.00 X 0 0 0 LESLIE LANDIS HAYES MEMBER 1.00 X 0 0 0 AMANDA SHELTON HOUSER MEMBER 1.00 X 0 0 0 ANN BATSON JAMES MEMBER 1.00 X 0 0 0 PHILLIP KIRK JR MEMBER 1.00 X 0 0 0 DURWOOD LAUGHINGHOUSE MEMBER 1.00 X 0 0 0 BILLY D MADDALON MEMBER 1.00 X 0 0 0 HULENE MCLEAN MEMBER 1.00 X 0 0 0 CAROL LANCASTER MILANO MEMBER 1.00 X 0 0 0 GINGER NEUSTADT MEMBER 1.00 X 0 0 0 WILLIAM KELLER NORMANN MEMBER 1.00 X 0 0 0 MAUREEN K O'CONNOR MEMBER 1.00 X 0 0 0 ELIZABETH VANCE RAFT MEMBER 1.00 X 0 0 0 ANN L SHIVAR MEMBER 1.00 X 0 0 0 NANCY P SISKA MEMBER 1.00 X 0 0 0 SILDA WALL SPITZER MEMBER 1.00 X 0 0 0 FRANCES J TETER MEMBER 1.00 X 0 0 0 LOU PERRY TIPPETT MEMBER 1.00 X 0 0 0 RICHARD A URQUHART MEMBER 1.00 X 0 0 0 PAULA J SIMS CHAIR 1.00 X X 0 0 0 H ALEXANDER HOLMES VICE CHAIR 1.00 X X 0 0 0 JO ALLEN PRESIDENT 40.00 X 302413 0 29462 JEAN N JACKSON VP COLLEGE PROGAMS 40.00 X 165630 0 13277 CHARLES BARTON VP INST ADV 40.00 X 165192 0 8186 CRAIG BARFIELD VP FOR BUS/FIN 40.00 X 164851 0 8538 MATTHEW POSLUSNY SENIOR VP & PROVOST 40.00 X 155655 0 15331 ELIZABETH WOLFINGER DEAN / PROFESSOR 40.00 X 147785 0 7599 JEFFREY HOWLETT CIO 40.00 X 135609 0 13566 BING YU ASS'T PROFESSOR 40.00 X 115553 0 11810 CYNTHIA EDWARDS PROFESSOR 40.00 X 115234 0 11528 DANIEL GREEN ASSOC PROVOST 40.00 X 113192 0 11185 1581114 0 130482 18 0 1 0 ARAMARK CAMPUS SERVICES PO BOX 198532 ATLANTA GA 303848532 DINING SERVICES 1426604 ARAMARK CORPORATION 27310 NETWORK PLACE CHICAGO IL 606731273 FACILITIES MANAGEMENT 494585 CDW GOVERNMENT LLC 75 REMITTANCE DR STE 1515 CHICAGO IL 606751150 IT SOLUTIONS & SERVICES 434544 WOMBLE CARLYLE 271 17TH ST ATLANTA GA 30363 LEGAL SERVICES 171273 SIGHTLINES LLC 405 CHURCH ST STE 2 GUILFORD CT 06437 FACILITIES ASSETS ADVISORS 137872 6 416063 7937287 3267322 8353350 TUITION AND FEES 900099 55649039 55649039 HOUSING, DINING & OTHER 900099 8682509 8682509 WORKSHOPS & OTHER FEES 900099 1469788 1469788 65801336 1179449 50359 1129090 12019310 9663114 2356196 2356196 2356196 77690331 65801336 50359 3485286 19893772 19893772 1028535 819742 170737 38056 20579758 16402067 3416240 761451 942519 751188 156458 34873 2854956 2275400 473923 105633 1638784 1306111 272038 60635 264771 264771 145710 145710 37977 37977 226580 226580 194436 194436 1976863 1575560 328159 73144 898697 844775 53922 370804 295531 61553 13720 2072385 2072385 4508599 4238083 270516 300834 300834 OTHER EXPENSES 3777991 2624290 1074948 78753 PROGRAM ACTIVITES 2879328 2294825 477968 106535 ADMINISTRATIVE AND OVER 2467917 1966930 409674 91313 EXPENDITURES OF RESTRIC 2012321 2012321 1874479 1874479 70948016 61247459 8298467 1402090 3673548 7361136 7812102 6381913 755007 1226931 772748 665011 64684 66819 132560437 66406006 68571409 66154431 90936262 91303911 964228 3262899 173549988 176423051 3165647 3950677 52241195 51141145 4275372 3650714 10883708 10782726 70565922 69525262 X 22554128 23140275 25783313 23071234 54646625 60686280 102984066 106897789 173549988 176423051 X 6742315 -2879689 51097 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 93872324 6035911 177435 2308463 1253707 96523500 81375442 2822900 13494986 2381943 1439061 93872324 75673912 2417559 6714436 2087131 1343334 81375442 80431175 1715339 -3144453 1697356 1630793 75673912 68495815 2391423 13108385 3564448 80431175 0.23980 0.61390 0.14630 0 0 351485 351485 117111665 59879952 57231713 12763488 6526054 6237434 2333799 2333799 66154431 DOMESTIC EQUITIES FUNDS 21658500 F INT. EQUITIES FUNDS 25609284 F FIXED INCOME FUNDS 10256240 F CHARITABLE TRUSTS INV. 552654 F FUND OF FUNDS 15875933 F PRIVATE EQUITY 3961475 F PRIVATE REAL ESTATE FUNDS 581277 F TIMBER 6436247 F REITS 6372301 F 91303911 STUDENT ADVANCE PAYMENTS 233713 ACCRUED RETIREMENT OBLIGATIONS 8821062 DUE TO DONORS OF REMAINDER TR. 288987 ASSET RETIREMENT OBLIGATION 1438964 10782726 X 57823081 -2879689 -19893772 -22773461 80596542 226580 -3132791 -2906211 77690331 50827664 0 50827664 226580 19893772 20120352 70948016 PART V, LINE 4: THE COLLEGE'S ENDOWMENT CONSISTS OF APPROXIMATELY 470 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, 2015 AND 2014 AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. PART XI, LINE 2D - OTHER ADJUSTMENTS: INSTITUTIONAL GRANTS SHOWN NET OF TUITION ON FINANCIALS -19,893,772. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT RETURN IN EXCESS OF AMOUNTS DESIGNATED FOR CURRENT OPERATIONS -3,132,791. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL GRANTS SHOWN NET OF TUITION ON FINANCIALS 19,893,772. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 MEREDITH'S FULL NON-DISCRIMINATION POLICY IS PRINTED IN COLLEGE PUBLICATIONS SUCH AS THE 2014-2015 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. MAJOR GOVERNMENTAL GRANTEES IN THE CURRENT YEAR INCLUDE: 1. NATIONAL SCIENCE FOUNDATION ($55,000) EUROPE 1 1 PROGRAM SERVICE STUDENT STUDY ABROAD 616985 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM SERVICE STUDENT STUDY ABROAD 53680 SOUTH AMERICA 0 0 PROGRAM SERVICE STUDENT STUDY ABROAD 47578 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 12308130 1 1 0 0 1 1 13026373 0 13026373 0 0 1 0 0 0 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"). THE SCHOOL IS AN INVESTOR IN HATTERAS DIVERSIFIED STRATEGIES OFFSHORE FUND LTD IN THE CAYMAN ISLANDS AND THE ARCHSTONE OFFSHORE FUND, LTD IN THE NETHERLANDS ANTILLES. THEY RECEIVED NO TAXABLE DISTRIBUTIONS FROM ANY OF THE ABOVE FUNDS DURING FISCAL YEAR 2015. FORM 8621 IS NOT BEING FILED PURSUANT TO IRS GUIDANCE SET FORTH IN REG SEC 1.1291-1(E). X X X X X X X 1 CAPITAL DEVELOPMENT SERVICES 633 WEST 4TH ST STE 202 WINSTONSALEM NC 27101 FUNDRAISING 0 1179958 37977 1141981 1179958 37977 1141981 NC 1 INSTITUTIONAL GRANTS, FINANCIAL AID & SCHOLARSHIPS 1613 19893772 PART I, LINE 2: 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. X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 JO ALLEN PRESIDENT 300091 0 0 0 2322 0 22530 0 6932 0 331875 0 0 0 JEAN N JACKSON VP COLLEGE PROGAMS 162739 0 0 0 2891 0 8262 0 5015 0 178907 0 0 0 CHARLES BARTON VP INST ADV 160700 0 0 0 4492 0 8160 0 26 0 173378 0 0 0 CRAIG BARFIELD VP FOR BUS/FIN 161400 0 0 0 3451 0 8160 0 378 0 173389 0 0 0 MATTHEW POSLUSNY SENIOR VP & PROVOST 154613 0 0 0 1042 0 8505 0 6826 0 170986 0 0 0 ELIZABETH WOLFINGER DEAN / PROFESSOR 146350 0 0 0 1435 0 7263 0 336 0 155384 0 0 0 PART I, LINE 1A THE BOARD APPROVED THAT THE PRESIDENT IS ALLOWED A BUDGETED AMOUNT OF DISCRETIONARY EXPENDITURES. IT IS USED TO SUPPORT ANY UNANTICIPATED NEEDS OF THE COLLEGE. 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. A NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY 561592154 65818PGH6 2008-04-03 18000000 SEE PART VI 0 0 0 B NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY 561592154 65818PGG8 2008-04-03 39331510 SEE PART VI 0 0 0 A 18093366 707232 158198 28688 12699248 2009 1 0 1 1 B 6335000 42187138 601074 515495 9932 9653354 287500 2009 0 1 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 1 0 0 1 1 B 0 0 0 1 0 0 0 1 1 A 1 B 1 FORM 990, SCHEDULE K, PART I, LINE A, COLUMN (F): TO RETIRE AN OUTSTANDING NOTE TO WACHOVIA BANK, N.A., DATE 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 II, COLUMNS A & B, 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 A, 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 A, 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 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. X 11 374322 FMV X 1 2893000 FMV 0 0 1 1 PART I, LINE 32B: THE COLLEGE HAS A BROKER THAT IMMEDIATELY SELLS ALL STOCK GIFTS. IN ADDITION, THE ORGANIZATION HIRES A REAL ESTATE AGENT IN THE AREA OF THE PROPERTY TO SELL REAL ESTATE GIFTS DONATED TO THE COLLEGE. FORM 990, PART VI, SECTION B, LINE 11 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. 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 51,097. COOPERATING RALEIGH COLLEGES PO BOX 120 RALEIGH NC 27607 237158371 SUPPORT MEMBER INSTITUTIONS NC 501(C)(3) LINE 11A, I N/A 0 CHARITABLE REMAINDER TRUST (4) INVESTMENT NC N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0