2016-05-15T21:25:43-05:00 2015-06-30 BDO USA LLP 8401 GREENSBORO DRIVE SUITE 800 MCLEAN VA 22102 990 2014-07-01 560529988 WILLIAM PEACE UNIVERSITY % GEORGE A YEARWOOD WILL 9195082035 15 EAST PEACE STREET RALEIGH NC 27604 GEORGE A YEARWOOD VP FOR FINANCE & CFO 9195082035 2016-05-13 true marc berger P01871563 7038930600 2016-05-13 2014 2016-08-17 19:52:53Z DR BRIAN C RALPH 15 EAST PEACE STREET RALEIGH NC 27604 30764483 false X WWW.PEACE.EDU X 1857 NC SEE SCHEDULE O 14 14 523 150 369659 2698917 3326866 25779500 25740023 395195 746518 1006271 910764 29879883 30724171 10004270 8946644 0 0 9160605 9024166 0 0 340474 13189113 11560486 32353988 29531296 -2474105 1192875 72852552 71778887 18173394 16777676 54679158 55001211 X WILLIAM PEACE UNIVERSITY IS A PRIVATE FOUR-YEAR UNIVERSITY LOCATED IN DOWNTOWN RALEIGH, NORTH CAROLINA. THE MISSION OF THE UNIVERSITY IS TO PREPARE STUDENTS FOR CAREERS IN THE ORGANIZATIONS OF TOMORROW. ROOTED IN THE LIBERAL ARTS TRADITION, THE STUDENT DEVELOPS AN APPRECIATION FOR LIFE-L0NG LEARNING, A FOCUS ON MEANINGFUL CAREERS, AND SKILLS FOR ETHICAL CITIZENSHIP. ON AVERAGE, OVER 90 PERCENT OF OUR GRADUATES GO ONTO JOBS OR CAREERS WITHIN A YEAR OF GRADUATION. FOR MORE INFORMATION, PLEASE VISIT WWW.PEACE.EDU. false false 14342205 8946644 20621788 INSTRUCTION & ACADEMIC SUPPORT: The 24 academic majors and over 20 minors and concentrations at WPU represent areas that connect to growing professional fields and demands. They incorporate pre-professional and liberal arts components. They include flexible pairings and specialized concentrations within some majors. On average more than 90 percent of our graduates begin careers or pursue higher education within a year of graduation. Our new core curriculum includes a focus on ethical decision-making and emphasizes basic knowledge needed beyond graduation. In addition, our General Education program requires a broad swath of Liberal Arts courses. A series of three classes focusing on career and professional development is a requirement. Through the professional development seminar, students learn how to construct a resume, build a portfolio, interview for a job or apply for graduate school. Academic internships are required, with the goal of combining educational theory with job experience. 60% of graduates report their university internship experience results in job offers. U.S. News & World Report cited William Peace University as one of eight Universities whose entire graduating class gained internship experience. Throughout the duration of a student's tenure at WPU, he or she will have a skilled advisor who will help explore careers, assist with decision-making, and provide personal attention to all areas of college life, both academic and social. 3226598 369659 STUDENT SERVICES & ACTIVITIES: With over 30 student clubs and organizations, there are plenty of opportunities for a student to get involved at WPU. Community service is encouraged, and our students embrace the concept of giving back by reaching out. William Peace University students volunteer thousands of hours annually to the greater Raleigh community. From one-shot opportunities like working in a soup kitchen or helping clean up a local park to longer-term projects with regular hours, WPU can help you find the right way for you to serve your community. Feeling a little competitive? Whether you're just trying to break a sweat or trying to keep your hoop dreams alive, William Peace University offers intramural sports leagues for all interest levels. We have one-day tournaments and multi-week seasons in individual and team sports. Student Services also includes our health and counseling services. Health Services can provide routine treatment for minor illnesses and injuries, while maintaining confidential medical information for students. It also promotes awareness for health and wellness issues through campus events and activities. The Counseling Center provides short-term, professional counseling to students coping with the challenges of college life. Students may need support dealing with everyday problems such as stress management or relationship issues, as well as more serious problems such as depression or anxiety. William Peace University also offers students the chance to play and enjoy intercollegiate sports. WPU is a member of the U.S.A. South athletic conference of the NCAA Division III and fields teams in eight different sports including baseball, men's and women's basketball, men's and women's cross country, men's golf, mens and women's soccer, softball, mens and womens tennis and womens volleyball. 5421681 4748576 AUXILIARY ENTERPRISES: From your typical residence hall to suites, there are 6 residence halls on campus at William Peace University. Each residence hall has its particular style and history. Resident Assistants live on each floor, ready to answer questions, foster group discussions, organize activities and more. There is wired and wireless internet available, free basic cable and no-cost laundry. Additionally, WPU provides the option of University-affiliated student housing to all sophomore, junior and senior students. These off-campus apartments provide an excellent student housing community in Raleigh, with four-bedroom options to fit all lifestyles. Operating in the same manner as on-campus housing, the vie at raleigh Apartments have William Peace University resident staff living on-site. Additionally, the apartments host student activities and have a shuttle running to and from campus. These apartments include private bedrooms, luxury kitchens, furnished living rooms, tennis courts and 24-hour fitness center, pool and recreation and a computer lab. The newly renovated Belk Dining Hall offers tasty, nutritional food options, including a salad bar, deli, cooked-to-order expo station and a variety of daily cooked meals. Peace Perk, the on-campus coffee shop, also offers Starbucks coffee, sandwiches, snacks and a place to hang out. At the WPU Bookstore, you can find everything Peace related. From apparel to coffee mugs to small gifts for your puppy, its all there! Additionally, at Peace, you have options for your textbooks: buy new or used textbooks, rent your text book or go digital. 22990484 true true false false false false false false false true true false false true true true false true true false false false false false false false false false true true false false false false false false false false true false false false true true true true false false true 36 0 true 523 true true true true CJ false false false false false false false false X 14 14 false false false false false false false true true false false true true true true true true true true false NC X GEORGE A YEARWOOD 9195082035 15 EAST PEACE STREET RALEIGH NC 27604 X Mary Davis Betts Board Secretary 5.0 0.0 X X 0 0 0 Rae Marie H Czuhai Board Member 2.0 0.0 X 0 0 0 Gerald Jeb Jeutter Board Member 2.0 0.0 X 0 0 0 J Frederick Kelly Jr Board Vice Chair 5.0 0.0 X X 0 0 0 Lee Rast Board Member 2.0 0.0 X 0 0 0 Charles Terry Reeves Board Member 2.0 0.0 X 0 0 0 AB Swindell IV Board Member 2.0 0.0 X 0 0 0 Scott Custer Board Treasurer 5.0 0.0 X X 0 0 0 Rick Martinez Board Member 2.0 0.0 X 0 0 0 Edward McLeod Jr Board Member 2.0 0.0 X 0 0 0 Todd Robinson Board Member 2.0 0.0 X 0 0 0 Beth Cherry Board Chair 5.0 0.0 X X 0 0 0 Rachel Reynolds Board Member 2.0 0.0 X 0 0 0 Kenneth Gwynn Board Member 2.0 0.0 X 0 0 0 Debra M Townsley President 50.0 2.0 X 482237 0 15752 George A Yearwood VP for Finance & CFO 50.0 2.0 X 157037 0 12900 Frank P Rizzo VP for Student Services 40.0 0.0 X 125096 0 5769 Justin G Roy VP OF Social Media & Marketing 40.0 0.0 X 123325 0 11056 Laura McCullough VP for Strategic Initiatives 40.0 0.0 X 134111 0 5737 Julie Ricciardi VP for Engagement 40.0 0.0 X 114321 0 10378 1136127 0 61592 6 false true false VIE RALEIGH LLC 403 WOLF CREEK CIRCLE RALEIGH NC 27606 STUDENT HOUSING RENT 1776820 THE BUDD GROUP PO BOX 89056 CHARLOTTE NC 282890856 HOUSEKEEPING SVCS 364706 SODEXO AFFILIATES PO Box 536922 ATLANTA GA 303536922 DINING SERVICES 1491193 Blue Cross Blue Shield of NC PO Box 580017 CHARLOTTE NC 282580017 Insurance Services 688138 NATIONAL UNION FIRE INSURANCE PO Box 71331 PHILADELPHIA PA 191761331 INSURANCE SERVICES 308980 10 217911 118080 2990875 29981 3326866 TUITION AND FEES 900099 20621788 20621788 AUXILIARY ENTERPRISES 900099 4748576 4748576 VISITOR SERVICES 531120 369659 369659 25740023 786830 786830 0 0 42439 42439 0 42439 42439 40312 -40312 -40312 -40312 0 0 0 OTHER INCOME 900099 868325 868325 868325 30724171 25370364 369659 1657282 0 8946644 8946644 0 0 1367462 526406 668981 172075 0 6097748 4580181 1456406 61161 94296 64866 27605 1825 494645 336528 154489 3628 970015 376518 584546 8951 0 140369 140369 75260 75260 0 0 520118 520118 2211325 1879242 332083 159783 143574 5127 11082 438280 134206 295863 8211 0 0 2475086 2197818 277268 260534 236850 22073 1611 0 0 600467 524208 76259 0 1501346 1276593 224753 318476 40187 278289 OPERATION/MAINTENANCE 1080195 973332 106863 PROGRAM SUPPORT 1648979 708740 877668 62571 TRAINING/DEVELOPMENT 130268 44591 76318 9359 29531296 22990484 6200338 340474 2743358 2694172 732212 978510 441285 1942162 1143622 932627 0 0 0 0 0 0 0 0 0 0 52654904 14875736 38679049 37779168 17528959 16436478 262956 141155 0 0 0 0 11321111 10874615 72852552 71778887 1870066 1543225 0 0 1201445 783478 0 0 0 0 0 0 0 14154132 14679852 0 422031 296841 18173394 16777676 X 19282583 19853961 8863239 8508912 26533336 26638338 54679158 55001211 72852552 71778887 X 1192875 -788332 55000 234614 -372104 X X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 31821465 502452 -264562 470361 466530 575118 30547346 32841094 18624 728618 607458 557867 601546 31821465 33690208 349973 408523 586643 446266 574701 32841094 36742633 61994 -1500433 720734 312541 580711 33690208 31863848 369904 5721237 671267 541089 36742633 0.01330 0.87880 0.13450 true true true 7360451 7360451 40122793 11204536 28918257 5195233 3694733 1500460 0 37779168 CONTRIBUTIONS RECEIVABLE 2362033 BENEFICIAL INTEREST IN TRUSTS 4564487 OTHER 421993 DUE FROM RELATED ORGANIZATION 3526102 FMV OF INTEREST RATE SWAP 0 10874615 0 ANNUITIES PAYABLE 61856 LEASES PAYABLE 90184 FAIR VALUE OF INTEREST RATE SWAP 48061 ACCRUED INTEREST 96740 DUE TO RELATED ORGANIZATION 0 296841 X SCHEDULE D, PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT PORTFOLIO CONSISTS OF APPROXIMATELY 250 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. AS REQUIRED BY U.S. GAAP, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE DONOR-IMPOSED RESTRICTIONS. Schedule D, Part X, Line 2: The University is exempt from Federal income tax as an organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended. With respect to any unrelated business income generated by the University, it records income taxes using the liability method under which deferred tax assets and liabilities are determined based on the differences between the financial accounting and tax bases of assets and liabilities. Deferred tax assets or liabilities at the end of each period are determined using the currently enacted tax rate expected to apply to taxable income in the period that the deferred tax asset or liability is expected to be realized or to be settled. As of June 30, 2015 and 2014, the University had no deferred tax assets or liabilities or any uncertain tax positions. true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3: PUBLICIZED ANNUALLY THROUGH THE NEWSPAPER (THE NEWS AND OBSERVER). IT IS ALSO INCLUDED IN ALL PRINT ADVERTISEMENTS AND LISTED ON THE WEBSITE. SCHEDULE E, PART I, LINE 6 - EXPLANATION OF GOVERNMENT FINANCIAL AID: WILLIAM PEACE UNIVERSITY RECEIVES FUNDS FROM GOVERNMENTAL AGENCIES TO BE USED AS FINANCIAL AID TO STUDENTS AND FROM SPECIAL GRANTS AWARDED FOR SPECIAL PROGRAMS. ALL PROGRAMS AND FINANCIAL AID AWARDS ARE ADMINISTERED ON A NON-DISCRIMINATORY BASIS. true FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT 142 61343 INSTITUTIONAL GRANTS 807 8882033 NORTH CAROLINA TUITION ASSISTANCE PROGRAM 2 3466 SCHEDULE I, PART I, LINE 2: ALL GRANTS ARE SCHOLARSHIPS MADE TO STUDENTS AT THE UNIVERSITY. STUDENTS MUST MAINTAIN ENROLLMENT AND CERTAIN REQUIREMENTS TO MAINTAIN THEIR SCHOLARSHIPS. STUDENTS MUST SUBMIT FINANCIAL INFORMATION TO ESTABLISH QUALIFICATIONS FOR NEEDS BASED SCHOLARSHIPS. X true true X X X false false false false false false false false false Debra M Townsley President 308237 0 90000 0 84000 0 7800 0 7952 0 497989 0 0 0 George A Yearwood VP for Finance & CFO 157037 0 0 0 0 0 5150 0 7750 0 169937 0 0 0 SCHEDULE J, PART I, LINE 1A: AS PROVIDED FOR IN HER CONTRACT, THE PRESIDENT RECEIVES A HOUSING ALLOWANCE IN LIEU OF A RESIDENCE OWNED BY THE UNIVERSITY. this is treated as taxable compensation to the president. X 5 29981 AVG VALUE ON DAY REC false true false FORM 990, PART I, LINE 1 - DESCRIPTION OF ORGANIZATION MISSION: THE WILLIAM PEACE UNIVERSITY MISSION IS TO PREPARE STUDENTS FOR CAREERS IN THE ORGANIZATIONS OF TOMORROW. ROOTED IN THE LIBERAL ARTS TRADITION, THE STUDENT DEVELOPS AN APPRECIATION FOR LIFE-LONG LEARNING, A FOCUS ON MEANINGFUL CAREERS, AND SKILLS FOR ETHICAL CITIZENSHIP. FORM 990, PART VI, SECTION B, LINE 11B: THE IRS FORM 990 IS REQUIRED TO BE REVIEWED BY THE UNIVERSITY BOARD OF TRUSTEES EACH YEAR BEFORE BEING FILED. A DRAFT VERSION OF THE FORM 990 IS REVIEWED FIRST BY THE CONTROLLER, AND THEN THE VICE PRESIDENT FOR FINANCE & ADMINISTRATION AND THE PRESIDENT, AND THEN A COPY IS SENT TO MEMBERS OF THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES OF THE UNIVERSITY. COMMITTEE MEMBERS ARE REQUESTED TO REVIEW THE FORM 990 RETURN AND SUBMIT QUESTIONS AND/OR OTHER FEEDBACK TO THE ADMINISTRATION WITHIN ONE WEEK OF RECEIPT. THE FULL BOARD REVIEWS THE FORM 990 ON A HIGH LEVEL PRIOR TO IT BEING FILED. THE VICE PRESIDENT FOR FINANCE & ADMINISTRATION IS RESPONSIBLE FOR SUBMITTING THE DRAFT VERSION OF THE FORM 990 TO THE BOARD FOR REVIEW. THE CONTROLLER COORDINATES WITH THE UNIVERSITY'S TAX PREPARERS FOR FILING AFTER THE REVIEW PERIOD. FORM 990, PART VI, SECTION B, LINE 12C: ALL BOARD MEMBERS RECEIVE A CONFLICT OF INTEREST FORM ANNUALLY WHERE THEY DISCLOSE ANY RELATIONSHIPS THEY HAVE WITH PARTIES RELATED TO THE UNIVERSITY. ALL RELATIONSHIPS NOTED ARE REVIEWED FOR APPROPRIATENESS AND FURTHER ACTION IS TAKEN IF NECESSARY. FORM 990, PART VI, SECTION B, LINE 15: THE UNIVERSITY OBTAINED THE SERVICES OF A REPUTABLE LAW FIRM TO REVIEW THE REASONABLENESS OF THE PRESIDENT'S COMPENSATION AND RENDER THEIR OPINION. THEIR WORK INCLUDED REVIEWING THE EMPLOYMENT AGREEMENT BETWEEN THE UNIVERSITY AND THE PRESIDENT, BYLAWS, MINUTES, RELATED IRS CODE SECTIONS, AND RELATED TAX CASES DEALING WITH COMPENSATION. THEY ALSO COMPARED THE SALARY TO THE CURRENT PRESIDENT'S FORMER SALARY AND TO THE FORMER PRESIDENT'S SALARY. THEY RENDERED AN OPINION THAT THE COMPENSATION IS REASONABLE AS DEFINED BY THE CODE, TREASURY REGULATIONS, AND RELEVANT JUDICIAL DECISIONS. FOR OTHER KEY MEMBERS OF MANAGEMENT, THE HUMAN RESOURCES OFFICE USES COMPARABILITY STUDIES TO DETERMINE REASONABLE SALARY LEVELS. THE PRESIDENT APPROVES THE SALARY BEFORE OFFERS ARE MADE. FORM 990, PART VI, SECTION C, LINE 19: THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS GENERALLY AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9 - CHANGES IN NET ASSETS: Changes in split interest agreements -88,236 Loss on interest rate swap agreements -98,414 Net gain on beneficial interest in perpetual trusts -185,454 --------- TOTAL TO FORM 990, PART XI, LINE 9 -372,104 FORM 990, PART XII, LINE 2C: OVERSIGHT OF THE AUDITED FINANCIAL STATEMENTS: THERE HAS BEEN NO CHANGE IN THE PROCESS. PEACE UNIVERSITY PROPERTIES LLC 15 EAST PEACE STREET RALEIGH NC 27604 560529988 REAL ESTATE NC 77006 5828863 WPU PEACE COLLEGE OF RALEIGH FOUNDATION 15 EAST PEACE STREET RALEIGH NC 27604 560792704 SUPPORT NC 501(C)(3) LINE 11B WPU true PEACE COLLEGE AND FOUNDATION INVESTMENT 15 EAST PEACE STREET RALEIGH NC 27604 943481706 DEVELOPMENT NC INVESTMENT 580123 16473320 false false 0.80297 false false true false false false false false false false false false false true true false false true true PEACE COLLEGE OF RALEIGH FOUNDATION INC C 217911 CASH