2016-04-15T15:00:07-07:00 2015-05-31 990 2014-06-01 560529999 HIGH POINT UNIVERSITY HIGH 3368419000 ONE UNIVERSITY PARKWAY HIGH POINT NC 272680001 Deborah Butt VICE PRESIDENT - FINANCIAL AFFAIRS 3368414524 2016-04-15 2014 2016-08-17 19:52:53Z DENNY G BOLTON ONE UNIVERSITY PARKWAY HIGH POINT NC 272680001 232146922 0 X WWW.HIGHPOINT.EDU X 1928 NC THE MISSION OF HIGH POINT UNIVERSITY IS TO DELIVER EDUCATIONAL EXPERIENCES THAT ENLIGHTEN, CHALLENGE, AND PREPARE STUDENTS TO LEAD LIVES OF SIGNIFICANCE IN COMPLEX GLOBAL COMMUNITIES. THE VISION OF HIGH POINT UNIVERSITY IS TO BE A NATIONALLY PROMINENT, PRIVATE INSTITUTION RECOGNIZED FOR THE EXCELLENCE OF ITS ACADEMIC PROGRAMS, THE DEPTH OF ITS VALUES-BASED CULTURE, THE BREADTH OF ITS INCLUSIVENESS, AND THE STRENGTH OF ITS COMMITMENT TO HELPING STUDENTS LEAD LIVES OF SIGNIFICANCE. 43 43 2331 100 40074 39074 10803250 33291966 171607097 186451163 1827329 2499993 2910739 370628 187148415 222613750 27610713 30055657 0 0 47581108 53524333 0 0 1967543 80976068 83160879 156167889 166740869 30980526 55872881 527263339 593101652 192240332 201162007 335023007 391939645 X THE MISSION OF HIGH POINT UNIVERSITY IS TO DELIVER EDUCATIONAL EXPERIENCES THAT ENLIGHTEN, CHALLENGE, AND PREPARE STUDENTS TO LEAD LIVES OF SIGNIFICANCE IN COMPLEX GLOBAL COMMUNITIES. THE VISION OF HIGH POINT UNIVERSITY IS TO BE A NATIONALLY PROMINENT, PRIVATE INSTITUTION RECOGNIZED FOR THE EXCELLENCE OF ITS ACADEMIC PROGRAMS, THE DEPTH OF ITS VALUES-BASED CULTURE, THE BREADTH OF ITS INCLUSIVENESS, AND THE STRENGTH OF ITS COMMITMENT TO HELPING STUDENTS LEAD LIVES OF SIGNIFICANCE. 0 0 111430276 29718291 132592960 HIGH POINT UNIVERSITY IS A PRIVATE, CO-ED UNIVERSITY COMMITTED TO PROVIDING STUDENTS WITH AN EXCEPTIONAL EDUCATION. HPU SERVES APPROXIMATELY 4200 UNDERGRADUATE STUDENTS THROUGH ITS HAYWORTH COLLEGE OF ARTS & SCIENCES, PHILLIPS SCHOOL OF BUSINESS, QUBEIN SCHOOL OF COMMUNICATIONS, AND SCHOOLS OF ART & DESIGN, EDUCATION AND HEALTH SCIENCES. THE UNIVERSITY SERVES APPROXIMATELY 200 GRADUATE STUDENTS THROUGH ITS NORCROSS GRADUATE SCHOOL. 0 0 158380 HIGH POINT UNIVERSITY ALSO SERVES APPROXIMATELY 10 ADULT STUDENTS THROUGH ITS EVENING DEGREE PROGRAM. THIS PROGRAM IS BEING PHASED OUT. NO NEW STUDENTS ARE BEING ACCEPTED, CURRENT STUDENTS ARE FINISHING THE PROGRAM LIFE CYCLE. 0 0 0 111430276 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 0 1 1 1 1 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 1 1 1 1 0 0 1 0 0 0 0 1 250 0 1 2331 1 1 1 0 0 0 0 1 1 0 0 0 0 X 43 43 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X DENNY G BOLTON 3368419000 ONE UNIVERSITY PARKWAY HIGH POINT NC 272680001 ELIZABETH ALDRIDGE BOARD SECRETARY 0 0 X 0 0 0 KATHERINE M BOLES CHAIR, STUDENT LIFE COMMITTEE/TRUSTEE 0 0 X 0 0 0 L PAUL BRAYTON TRUSTEE 0 0 X 0 0 0 ROBERT BROWN TRUSTEE 0 0 X 0 0 0 RICHARD P BUDD TRUSTEE 0 0 X 0 0 0 LYNN B CALDWELL TRUSTEE 0 0 X 0 0 0 DORIS R COGGIN TRUSTEE 0 0 X 0 0 0 EARL E CONGDON TRUSTEE 0 0 X 0 0 0 FLOYD T CRAVEN TRUSTEE 0 0 X 0 0 0 ASHLEY CROWDER-STANLEY TRUSTEE 0 0 X 0 0 0 ROBERT G CULP III CHAIR, INVESTMENT COMMITTEE/TRUSTEE 0 0 X 0 0 0 JOHN FINCH VICE CHAIR OF BOARD AND CHAIR, FINANCE COMMITTEE/TRUSTEE 0 0 X 0 0 0 DAVID L FRANCIS TRUSTEE 0 0 X 0 0 0 SHIRLEY T FRYE TRUSTEE 0 0 X 0 0 0 THOMAS S HAGGAI TRUSTEE 0 0 X 0 0 0 DONALD W HAYNES TRUSTEE 0 0 X 0 0 0 DAVID R HAYWORTH TRUSTEE 0 0 X 0 0 0 MOLLY MILLIS HEDGECOCK TRUSTEE 0 0 X 0 0 0 CHRISTOPHER L HENSON TRUSTEE 0 0 X 0 0 0 THOMAS E INGRAM CHAIR, ACADEMIC AFFAIRS/TRUSTEE 0 0 X 0 0 0 RONALD L JONES TRUSTEE 0 0 X 0 0 0 GENE C KESTER TRUSTEE 0 0 X 0 0 0 WILLIAM V KESTER TRUSTEE 0 0 X 0 0 0 MIRIAM O KIMSEY TRUSTEE 0 0 X 0 0 0 PETER MAHLER TRUSTEE 0 0 X 0 0 0 KATHERINE K MAYNARD TRUSTEE 0 0 X 0 0 0 MEREDITH P MICHENER TRUSTEE 0 0 X 0 0 0 JAMES H MILLIS TRUSTEE 0 0 X 0 0 0 ADNAN M MJALLI TRUSTEE 0 0 X 0 0 0 MARK A NORCROSS CHAIR, UNIVERSITY ADVANCEMENT/TRUSTEE 0 0 X 0 0 0 KEVIN NORTON TRUSTEE 0 0 X 0 0 0 MARSHA B SLANE TRUSTEE 0 0 X 0 0 0 J ROBERT STOUT TRUSTEE 0 0 X 0 0 0 ROBERT E STROUPE TRUSTEE 0 0 X 0 0 0 RICHARD R VERT BOARD CHAIR/TRUSTEE 0 0 X 0 0 0 ANNE KERR WALKER TRUSTEE 0 0 X 0 0 0 J ALEXANDER WARD TRUSTEE 0 0 X 0 0 0 COY O WILLARD TRUSTEE 0 0 X 0 0 0 PLATO S WILSON TRUSTEE 0 0 X 0 0 0 FRED E WILSON TRUSTEE 0 0 X 0 0 0 DOUGLAS WITCHER TRUSTEE 0 0 X 0 0 0 WILLIAM F WOMBLE TRUSTEE 0 0 X 0 0 0 W VANN YORK TRUSTEE 0 0 X 0 0 0 NIDO QUBEIN PRESIDENT 40 0 X 999824 0 444683 D ANDREW BILLS SENIOR VICE PRESIDENT 40 0 X 251690 0 31090 DENNY G BOLTON EXECUTIVE VICE PRESIDENT 40 0 X 354079 0 27983 KEVIN EDWARDS VICE PRESIDENT 40 0 X 173461 0 33841 DENNIS CARROLL VICE PRESIDENT 40 0 X 269548 0 26743 ROGER CLODFELTER SENIOR VICE PRESIDENT 40 0 X 155634 0 11467 CHRISTOPHER DUDLEY SENIOR VICE PRESIDENT 40 0 X 217994 0 36784 GAIL TUTTLE SENIOR VICE PRESIDENT 40 0 X 168270 0 19944 JEFF ADAMS VICE PRESIDENT 40 0 X 98284 0 15160 DAN HAUSER ATHLETIC DIRECTOR 40 0 X 57366 0 11737 STEVE POTTER VICE PRESIDENT 40 0 X 111207 0 14808 DONALD SCARBOROUGH FORMER VICE PRESIDENT 40 0 X X 112821 0 14155 SCOTT CHERRY COACH 40 0 X 211224 0 25556 DANIEL ERB DEAN/PROFESSOR 40 0 X 195924 0 28270 ERIC HEGEDUS CHAIR/PROFESSOR 40 0 X 154229 0 30832 RONALD RAGAN DEAN/PROFESSOR 40 0 X 195356 0 32048 JOHN CHAMPION CHIEF INFORMATION OFFICER 40 0 X 149761 0 27188 JACOB C MARTINSON FORMER PRESIDENT, HONORARY TRUSTEE 0 0 X 35339 0 0 3912011 0 832289 47 1 1 0 ARAMARK SERVICES 1101 MARKET STREET PHILADELPHIA PA 19107 FOOD SERVICES 11415224 SHELCO LLC 2320 CASCADE POINT BLVD CHARLOTTE NC 28208 GENERAL CONTRACTOR 6510260 SMITH & JENNINGS INC 1020 HEDGECOCK ROAD HIGH POINT NC 27262 CONTRACTOR 6092498 BUDD GROUP 195 BUDD BOULEVARD WINSTON SALEM NC 27103 MAINTENANCE SERVICES 5049326 SAMET CORPORATION 309 GALLIMORE DAIRY ROAD SUITE 102 GREENSBORO NC 27409 GENERAL CONTRACTOR 3973685 62 0 0 0 0 1598589 31693377 88074 33291966 STUDENT TUITION & FEES 611710 132751340 132751340 0 0 RESIDENCE HALL FES 721310 28956199 28956199 0 0 CAFETERIA/MEALS 722210 23669804 23669804 0 0 INTERCOLLEGIATE ATHLETICS 611710 613700 613700 0 0 BOOKSTORE 611710 349616 349616 0 0 110504 110504 0 0 186451163 1848497 0 40074 1808423 0 0 0 0 0 0 0 0 1422874 0 2542574 0 -1119700 0 -1119700 0 0 -1119700 7597588 0 6946092 0 651496 0 651496 0 0 651496 18852 0 44506 -25654 0 -25654 SUMMER CONFERENCES 611710 1515982 1515982 0 0 0 0 0 0 1515982 222613750 187967145 40074 1314565 X 337366 337366 29718291 29718291 3531596 144451 2756856 630289 0 0 41421149 34499998 6220361 700790 2280000 2280000 6291588 4024122 2127666 139800 441199 441199 17234093 16430180 803913 560773 83291 477482 15875456 8702188 6676604 496664 9728936 7159780 2569156 1682131 1372498 309633 5409995 5409995 18649038 18649038 2084177 2084177 INTERCOLLEGIATE PROGRAMS 2738620 2738620 0 0 SPECIAL EVENTS 2196852 946232 1250620 0 GRADUATE SCHOOL PROGRAM 636465 636465 0 0 5923144 2356794 3566350 166740869 111430276 53343050 1967543 1223805 927145 77135694 78483830 11718277 20142309 2758582 5061823 0 0 0 0 1875000 1817489 0 0 1624117 2031318 579832715 155483757 374361152 424348958 0 0 45191891 47889618 1287146 1289212 0 0 10087675 11109950 527263339 593101652 17605572 24870091 0 0 7282147 8441531 83071360 81369677 0 0 0 0 82429726 84629352 0 0 1851527 1851356 192240332 201162007 X 270686790 313874013 29433359 41355866 34902858 36709766 335023007 391939645 527263339 593101652 X 55872881 -399723 0 0 0 1443480 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 88074 2907494 0 0 X EDUCATION 0 48024447 1623640 2039699 0 1731746 165032 49791008 42681261 2076583 4429369 0 1001654 161112 48024447 36364935 2732519 4383002 0 691633 107562 42681261 37717174 1962000 -2113175 0 1048278 152786 36364935 32771340 1366000 5661902 0 1924801 157267 37717174 0.005 0.7373 0.2577 1 0 54503900 0 54503900 363726248 0 78324513 285401735 42020040 0 13449902 28570138 76379920 0 63709342 12670578 43202607 0 0 43202607 424348958 0 0 CORPORATE STOCKS, BONDS AND NOTE 47622421 F INSURANCE CONTRACT 267197 C 47889618 DEPOSITS HELD IN CUSTODY 322617 FEDERAL & STATE STUDENT LOAN MONIES 1528739 1851356 X 223657507 -399723 0 0 1443480 1043757 222613750 0 0 0 222613750 137022578 0 0 0 0 0 137022578 0 29718291 29718291 166740869 Schedule D, Part III, Line 4 THE UNIVERSITY MAINTAINS ART AND OTHER COLLECTIBLES DISPLAYED IN VARIOUS CAMPUS BUILDINGS FOR EDUCATIONAL AND INSTRUCTIONAL PURPOSES. Schedule D, Part V, Line 4 ENDOWMENT FUNDS ARE USED FOR THE PURPOSE STIPULATED BY THE INDIVIDUAL DONOR(S) OF THE ENDOWED FUNDS. THE MAJORITY OF THE UNIVERSITY'S ENDOWMENT IS FOR SCHOLARSHIPS OR PROFESSORSHIPS/CHAIRS. Schedule D, Part X, Line 2 IT IS THE UNIVERSITY'S POLICY TO EVALUATE ALL TAX POSITIONS TO IDENTIFY ANY THAT MAY BE CONSIDERED UNCERTAIN. ALL IDENTIFIED MATERIAL TAX POSITIONS ARE ASSESSED AND MEASURED BY A "MORE-LIKELY-THAN-NOT" THRESHOLD TO DETERMINE IF THE TAX POSITION IS UNCERTAIN AND WHAT, IF ANY, THE EFFECT OF THE UNCERTAIN TAX POSITION MAY HAVE ON THE CONSOLIDATED FINANCIAL STATEMENTS. NO MATERIAL UNCERTAIN TAX POSITIONS WERE IDENTIFIED FOR 2015 AND 2014. CURRENTLY, THE STATUTE OF LIMITATIONS REMAINS OPEN SUBSEQUENT TO AND INCLUDING THE YEAR ENDED MAY 31, 2012; HOWEVER, NO EXAMINATIONS ARE IN PROCESS. ANY CHANGES IN THE AMOUNT OF A TAX POSITION, AS WELL AS RELATED PENALTIES AND INTEREST, WILL BE RECOGNIZED IN THE PERIOD THE CHANGE OCCURS. Schedule D, Part XI, Line 2d INTEREST RATE SWAP Schedule D, Part XII, Line 4b GRANTS AND ALLOCATIONS 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 ALL BROADCASTS AND PUBLISHED STATEMENTS FOLLOW THE GUIDELINES PER REVENUE PROCEDURE 75-50 AND ARE DISSEMINATED TO ALL SEGMENTS OF THE GENERAL COMMUNITY SERVED BY THE SCHOOL. Schedule E, Part I, Line 6 THE UNIVERSITY RECEIVES SCHOLARSHIP AND STUDENT AID DOLLARS ON BEHALF OF STUDENTS ENROLLED. THOSE DOLLARS ARE PASSED THROUGH TO THE STUDENTS. Europe (including Iceland and Greenland) 0 2 Program Services Study Abroad (AUS/CZE) 1041 Europe (including Iceland and Greenland) 0 2 Program Services Study Abroad (France) 84954 Europe (including Iceland and Greenland) 0 2 Program Services Study Abroad (Ireland) 59410 Europe (including Iceland and Greenland) 0 2 Program Services Study Abroad (Italy) 76576 Europe (including Iceland and Greenland) 0 3 Program Services Study Abroad (Multi) 166009 Europe (including Iceland and Greenland) 0 2 Program Services Study Abroad (UK) 61748 East Asia and the Pacific 0 2 Program Services Study Abroad (China) 26062 East Asia and the Pacific 0 2 Program Services Study Abroad (New Zealand) 68844 South America 0 2 Program Services Study Abroad (Chile) 44730 South Asia 0 2 Program Services Study Abroad (India/Nepal) 65651 Middle East and North Africa 0 2 Program Services Study Abroad (Spain/Portugal/Morocco) 111814 0 23 766839 0 0 0 0 0 0 GOLF TOURNAMENT 13712 0 13712 0 12746 8000 143 0 472 0 0 13712 0 13712 0 12746 8000 143 0 472 21361 -7649 1 HIGH POINT AREA ARTS COUNCIL INC PO BOX 5526 HIGH POINT NC 27262 560751201 A PUBLIC CHARITY 34000 0 GENERAL SUPPORT FRIENDS OF JOHN COLTRANE INC PO BOX 2392 HIGH POINT NC 27261 272375364 A PUBLIC CHARITY 10000 0 GENERAL SUPPORT PIEDMONT TRIAD PARTNERSHIP 416 GALLIMORE DAIRY ROAD GREENSBORO NC 27409 561750279 A PUBLIC CHARITY 25000 GENERAL SUPPORT UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS FOUNDATION 1533 SOUTH MAIN STREET WINSTON SALEM NC 27127 566064850 A PUBLIC CHARITY 50000 GENERAL SUPPORT UNITED WAY OF GREATER HIGH POINT INC 201 CHURCH AVENUE HIGH POINT NC 27262 560547486 A PUBLIC CHARITY 20000 0 GENERAL SUPPORT YWCA OF HIGH POINT 112 GATEWOOD AVENUE HIGH POINT NC 27262 560579600 A PUBLIC CHARITY 15000 0 GENERAL SUPPORT MINISTERS CONFERENCE OF HIGH POINT PO BOX 628 HIGH POINT NC 27261 563194545 A PUBLIC CHARITY 11000 0 GENERAL SUPPORT WAR MEMORIAL FOUNDATION 600 NORTH REGIONAL ROAD GREENSBORO NC 27409 262187703 A PUBLIC CHARITY 15000 0 GENERAL SUPPORT PIEDMONT CHARITY SPORT PROMOTIONS INC PO BOX 6263 HIGH POINT NC 27262 263716418 GROUP, PUBLIC CHARIT 25000 0 GENERAL SUPPORT CITY OF HIGH POINT HIGH POINT POLICE DEPARTMENT - YOUTH LEADERSHIP ACADEMY 1009 LEONARD AVENUE HIGH POINT NC 27260 566000231 MUNICIPAL CORPORATIO 20000 0 GENERAL SUPPORT 10 0 ATHLETIC AID 274 5340652 0 FMV MERIT AID 2070 14779408 0 FMV NEED-BASED AND OTHER INSTITUTIONAL AWARDS 1315 4689857 0 FMV INSTITUTIONAL FUNDED FINANCIAL AID 402 847799 0 FMV EXTERNAL FUNDED FINANCIAL AID 558 4060575 0 FMV Schedule I, Part I, Line 2 IN THE 2014/2015 FISCAL YEAR, THE GRANTEES WERE APPROVED BY THE UNIVERSITY PRESIDENT AND CONFIRMED WITH THE EXECUTIVE VICE PRESIDENT. X X X X X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 NIDO QUBEIN PRESIDENT 662617 0 1000 0 336207 0 425800 0 18883 0 1444507 0 0 0 DENNY G BOLTON EXECUTIVE VICE PRESIDENT 344091 0 2680 0 7308 0 20800 0 7183 0 382062 0 0 0 DENNIS CARROLL VICE PRESIDENT 263664 0 2680 0 3204 0 20800 0 5942 0 296290 0 0 0 D ANDREW BILLS SENIOR VICE PRESIDENT 222910 0 26780 0 2000 0 14167 0 16923 0 282780 0 0 0 CHRISTOPHER DUDLEY SENIOR VICE PRESIDENT 214516 0 2680 0 798 0 18133 0 18652 0 254779 0 0 0 KEVIN EDWARDS VICE PRESIDENT 169573 0 2680 0 1209 0 16247 0 17593 0 207302 0 0 0 GAIL TUTTLE SENIOR VICE PRESIDENT 164663 0 2680 0 927 0 13333 0 6611 0 188214 0 0 0 ROGER CLODFELTER SENIOR VICE PRESIDENT 143333 0 11780 0 521 0 11467 0 0 0 167101 0 0 0 DONALD SCARBOROUGH FORMER VICE PRESIDENT 108127 0 2680 0 2014 0 7083 0 7072 0 126976 0 0 0 STEVE POTTER VICE PRESIDENT 108599 0 2400 0 208 0 8800 0 6008 0 126015 0 0 0 JEFF ADAMS VICE PRESIDENT 95196 0 2680 0 408 0 5025 0 10135 0 113444 0 0 0 DAN HAUSER ATHLETIC DIRECTOR 55131 0 2150 0 85 0 4200 0 7536 0 69102 0 0 0 JACOB C MARTINSON FORMER PRESIDENT, HONORARY TRUSTEE 15339 0 0 0 20000 0 0 0 0 0 35339 0 0 0 SCOTT CHERRY COACH 205374 0 2400 0 3450 0 9021 0 16535 0 236780 0 0 0 RONALD RAGAN DEAN/PROFESSOR 191708 0 2400 0 1248 0 16080 0 15967 0 227403 0 0 0 DANIEL ERB DEAN/PROFESSOR 191391 0 2400 0 2133 0 10151 0 18119 0 224194 0 0 0 JOHN CHAMPION CHIEF INFORMATION OFFICER 147151 0 2400 0 210 0 12462 0 14727 0 176950 0 0 0 ERIC HEGEDUS CHAIR/PROFESSOR 150702 0 2400 0 1128 0 12966 0 17866 0 185062 0 0 0 Schedule J, Part I, Line 1a DR. NIDO QUBEIN, PRESIDENT RECEIVES A HOUSING ALLOWANCE AND HAS SERVICES PROVIDED AT THE HOME, INCLUDING CLEANING STAFF, MAINTENANCE SERVICES AS NEEDED AND A GROUNDKEEPER. THE UNIVERSITY PROVIDES CHARTER TRAVEL FOR THE PRESIDENT'S TRAVEL NEEDS. THE UNIVERSITY PAYS COUNTRY CLUB DUES FOR THE PRESIDENT. ANY TAXABLE INCOME RESULTING FROMT THE PROVISION OF THE ABOVE ITEMS ARE REPORTED AS TAXABLE INCOME ON DR. QUBEIN'S W-2. Schedule J, Part I, Line 3 AN INDEPENDENT CONSULTING FIRM WAS HIRED TO INITIALLY REVIEW THE COMPENSATION PACKAGE AND CONTINUES TO PROVIDE ONGOING GUIDANCE/REVIEW. Schedule J, Part I, Line 4 DR. NIDO QUBEIN, PRESIDENT RECEIVED CONTRIBUTIONS TO HIS 457F PLAN IN THE AMOUNT OF $405,000 DURING THE TAX YEAR. A NC CAPITAL FACILITIES FINANCE AGENCY 561592154 65818PJB6 2011-07-07 20332782 CAPITAL SPENDING 0 0 0 B NC CAPITAL FACILITIES FINANCE AGENCY 561592154 65818PJY6 2012-07-11 64868829 CAPITAL SPENDING 0 0 0 A 0 0 20332782 0 0 0 332594 0 0 20000188 0 0 2012 0 0 1 1 B 55139614 0 64868829 0 0 0 727351 0 0 9001865 0 0 2014 1 0 1 1 A 0 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 A 0 B 0 BB&T NIDO QUBEIN, PRESIDENT, IS ON THE BOARD OF TRUSTEES OF BB&T. 7829648 HIGH POINT UNIVERSITY DOES BANKING AND HAS LINES OF CREDIT WITH BB&T. 0 THE BUDD GROUP THE BUDD GROUP CEO, JOSEPH BUDD, IS THE SON OF TRUSTEE RICHARD BUDD. 5665504 THE BUDD GROUP IS CONTRACTED TO PERFORM MAINTENANCE, GROUNDS KEEPING AND JANITORIAL SERVICES FOR HIGH POINT UNIVERSITY 0 CREATIVE SERVICES INC OWNERS OF CREATIVE SERVICES ARE THE CHILDREN OF NIDO QUBEIN, PRESIDENT. 1007810 CREATIVE SERVICES PROVIDES PUBLIC RELATIONS AND MARKETING MATERIALS FOR THE UNIVERSITY. THE COMPANY HAS DONE BUSINESS WITH THE UNIVERSITY SINCE 1994, 12 YEARS BEFORE THE CURRENT PRESIDENT TOOK OFFICE. 0 SOUTHEASTERN BUILDING SERVICES INC MIRIAM KIMSEY, TRUSTEE IS THE VICE PRESIDENT OF SOUTHEASTERN BUILDING SERVICES INC. 226331 THE COMPANY PROVIDES HVAC MAINTENANCE AND REPAIR SERVICES TO VARIOUS CAMPUS BUILDINGS. 0 VANN YORK AUTO GROUP W. VANN YORK, CHAIRMAN OF THE BOARD FOR VANN YORK AUTO GROUP IS A TRUSTEE. 106406 THE UNIVERSITY PURCHASES AUTOMOBILES AND AUTO SERVICES FROM VANN YORK AUTO GROUP. 0 WOMBLE CARLYLE SANDRIDGE AND RICE LLP WILLIAM WOMBLE IS ON THE BOARD OF TRUSTEES. 241816 THE FIRM IS HPU'S PRIMARY COUNSEL FOR LEGAL MATTERS. MR. WOMBLE IS A RETIRED PARTNER OF THIS FIRM. HE RECEIVES FORMULA BASED RETIREMENT COMPENSATION BUT PROVIDES NO SERVICES. 0 PIEDMONT HAWTHORNE AVIATION DBA LANDMARK AVIATION & GRANITE AIR LLC NIDO QUBEIN IS PART OWNER OF THE AIRPLANE THAT HIGH POINT LEASES FOR THE PRESIDENTS TRAVEL USE 162469 DRY LEASE FOR AIR PLANE FOR PRESIDENT'S TRAVEL. 0 X 1 52934 FMV X 1 35140 FMV X Furniture 1 12941 FMV X Electrical materials and services 1 19880 FMV 0 0 1 1 Schedule M, Part I, Line 32b OCCASIONALLY THE ORGANIZATION RECEIVES REAL ESTATE AS A GIFT AND WILL HIRE AN INDEPENDENT REAL ESTATE AGENT TO SELL THE PROPERTY. Schedule M, Part I, Line 33 THE UNIVERSITY ONLY RECOGNIZES THROUGH REVENUE THOSE NON-CASH CONTRIBUTIONS EXTERNALLY VALUED IN EXCESS OF A SET AMOUNT PER UNIVERSITY POLICY. IF NON-CASH GIFTS ARE RECEIVED THAT ARE VALUED AT LESS THAN OUR PRE-DETERMINED POLICY AMOUNT, THE GIFT IS SUBSTANTIATED TO THE DONOR WITHOUT A VALUE AND IS NOT RECORDED IN REVENUE. Form 990, Part III, Line 3 THE UNIVERSITY CONTINUES TO PHASE OUT THE ADULT CONTINUING EDUCATION PROGRAM (INCLUDED AS A CHANGE IN PROGRAM SERVICES IN 2013 FORM 990). CURRENTLY ENROLLED STUDENTS CONTINUE TO BE ALLOWED TO FINISH THE PROGRAM THEY ARE CURRENTLY ENROLLED IN. NEW STUDENTS ARE NO LONGER BEING ACCEPTED. EXPENSES FOR THIS PROGRAM SERVICE ARE NO LONGER SEPARATELY TRACKED SINCE THE BUDD CAMPUS WHERE THESE PROGRAM SERVICES WERE OPERATED WAS SOLD IN TAX YEAR 2013. Form 990, Part VI, Section A, Line 2 BOARD OF TRUSTEE MEMBERS GENE AND WILLIAM KESTER ARE BROTHERS. BOARD OF TRUSTEE MEMBERS JAMES MILLIS AND MOLLY MILLIS-HEDGECOCK ARE BROTHER AND SISTER. Form 990, Part VI, Section A, Line 4 THE ORGANIZATION AMENDED AND RESTATED ITS BYLAWS AND ARTICLES OF INCORPORATION IN MARCH 2015. Form 990, Part VI, Section B, Line 11b THE FORM 990 IS PREPARED BY THE VICE PRESIDENT FOR FINANCIAL AFFAIRS AND REVIEWED BY THE AUDIT FIRM AND LEGAL COUNSEL. THE FORM 990 IS THEN REVIEWED AND APPROVED BY THE UNIVERSITY PRESIDENT AND THE EXECUTIVE VICE PRESIDENT WITH A COPY PROVIDED TO CERTAIN MEMBERS OF THE BOARD OF TRUSTEES. Form 990, Part VI, Section B, Line 12c EACH OFFICER OF THE ORGANIZATION IS REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT AGREEMENT WHICH THE UNIVERSITY MONITORS ON AN ONGOING BASIS AND REVIEWS THOROUGHLY AT LEAST ANNUALLY. Form 990, Part VI, Section B, Line 15 AN INDEPENDENT CONSULTING FIRM WAS HIRED TO INITIALLY REVIEW THE COMPENSATION PACKAGE AND CONTINUES TO PROVIDE ONGOING GUIDANCE AND REVIEWS. Form 990, Part VI, Section C, Line 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part IX, Line 11g SERVICES RELATED TO OUR OUTSOURCED DINING CONTRACT WITH ARAMARK ARE INCLUDED IN OTHER SERVICES IN THE AMOUNT OF $11,174,121. SERVICES FROM BUDD GROUP ARE ALSO INCLUDED IN THE AMOUNT OF $3,002,167. WE ALSO HAVE VARIOUS OTHER PROFESSIONAL SERVICES OF $2,835,426 SHOWN IN THIS LINE ITEM. Form 990, Part XI, Line 9 CHANGE IN INTEREST RATE SWAP $1,443,480 1924 HOLDINGS LLC 833 MONTLIEU AVENUE HIGH POINT NC 27262 900660924 RENTAL NC 1422874 8145207 HIGH POINT UNIVERSITY LONGLEAF PINE REALTY LLC 101 NORTH TRYON STREET SUITE 1900 CHARLOTTE NC 28246 REAL ESTATE PURCHASES NC 0 0 HIGH POINT UNIVERSITY OLYMPUS REALTY LLC 101 NORTH TYRON STREET SUITE 1900 CHARLOTTE NC 28246 REAL ESTATE PURCHASES NC 0 0 HIGH POINT UNIVERSITY LILY PAD INVESTORS LLC P O BOX 1550 HIGH POINT NC 27261 REAL ESTATE PURCHASES NC 0 0 HIGH POINT UNIVERSITY THE UNIVERSITY REQUESTED AND RECEIVED APPROVAL TO FILE THE TAX RETURN ON EXTENSION USING FORM 8868.