2015-04-14T07:44:29-07:00 2014-05-31 990 2013-06-01 560529999 HIGH POINT UNIVERSITY HIGH 3368419000 833 MONTLIEU AVENUE HIGH POINT NC 27268 Deborah Butt CFO 3368414524 2015-04-14 2013 2016-03-07 17:11:31Z X DENNY G BOLTON 833 MONTLIEU AVENUE HIGH POINT NC 27262 209426935 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. 46 43 2168 100 53096 52096 28466452 10803250 162836427 171607097 1087817 1827329 1927300 2910739 194317996 187148415 24048943 27610713 0 0 44130533 47581108 0 0 900006 72177285 80976068 140356761 156167889 53961235 30980526 489901494 527263339 190159811 192240332 299741683 335023007 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 1 97879224 25242664 122078190 HIGH POINT UNIVERSITY IS A PRIVATE, CO-ED UNIVERSITY COMMITTED TO PROVIDING STUDENTS WITH AN EXCEPTIONAL EDUCATION. HPU SERVES APPROXIMATELY 3940 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. 327583 0 500122 HIGH POINT UNIVERSITY ALSO SERVES APPROXIMATELY 60 ADULT STUDENTS THROUGH ITS EVENING DEGREE PROGRAM. THIS PROGRAM IS BEING PHASES OUT. NO NEW STUDENTS ARE BEING ACCEPTED, CURRENT STUDENTS ARE FINISHING THE PROGRAM LIFE CYCLE. 0 0 0 98206807 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 0 1 1 0 1 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 1 1 1 0 0 0 1 0 0 0 0 1 182 0 1 2168 1 1 1 0 0 0 0 1 1 0 0 0 0 X 46 43 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X DENNY G BOLTON 3368419000 833 MONTLIEU AVENUE HIGH POINT NC 27262 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 2881311 0 284487 D ANDREW BILLS VICE PRESIDENT 40 0 X 214136 0 37711 DENNY G BOLTON VICE PRESIDENT 40 0 X 268018 0 30131 KEVIN EDWARDS VICE PRESIDENT 40 0 X 35000 0 5835 DENNIS CARROLL VICE PRESIDENT 40 0 X 243168 0 26771 ROGER CLODFELTER VICE PRESIDENT 40 0 X 125273 0 12221 WELLINGTON DESOUZA VICE PRESIDENT 40 0 X 138538 0 17054 CHRISTOPHER DUDLEY VICE PRESIDENT 40 0 X 212082 0 44687 DONALD SCARBOROUGH VICE PRESIDENT 40 0 X 150412 0 24002 GAIL TUTTLE VICE PRESIDENT 40 0 X 164511 0 21353 CRAIG KEILITZ VICE PRESIDENT - ATHLETICS 40 0 X 154686 0 21211 SCOTT CHERRY COACH 40 0 X 205932 0 34348 DANIEL ERB DEAN/PROFESSOR 40 0 X 192339 0 36742 ERIC HEGEDUS CHAIR/PROFESSOR 40 0 X 151043 0 39636 RONALD RAGAN DEAN/PROFESSOR 40 0 X 193534 0 40505 MARK TEAFORD PROFESSOR 40 0 X 142109 0 11089 JACOB C MARTINSON FORMER PRESIDENT, HONORARY TRUSTEE 0 0 X 35339 0 0 5507431 0 687783 39 1 1 0 ARAMARK SERVICES 1101 MARKET STREET PHILADELPHIA PA 19107 FOOD SERVICES 11694339 BUDD GROUP 2325 S STRATFORD ROAD WINSTON SALEM NC 27103 MAINTENANCE SERVICES 4686352 APPLEGATE RESTAURANTS LLC ATTN TIMOTHY B APPLEGATE 2605 OLD GREENSBORO ROAD HIGH POINT NC 27265 FOOD SERVICES 1212306 MERCER ARCHITECTURE 1015 HUTTON LANE SUITE 106 HIGH POINT NC 27262 ARCHITECTS 1029318 CREATIVE SERVICES INC 806 WESTCHESTER DRIVE HIGH POINT NC 27262 MARKETING SERVICES 979900 53 0 0 0 0 1476143 9327107 0 10803250 STUDENT TUITION & FEES 611710 122578312 122578312 0 0 RESIDENCE HALL FEES 721310 27527373 27527373 0 0 CAFETERIA/MEALS 722210 20546675 20546675 0 0 INTERCOLLEGIATE ATHLETICS 611710 533721 533721 0 0 BOOKSTORE 611710 313476 313476 0 0 107540 107540 0 0 171607097 1370337 0 53096 1317241 0 0 0 0 0 0 0 0 3405758 0 2525925 0 879833 0 879833 0 0 879833 20168885 0 19711893 0 456992 0 456992 0 0 456992 18946 0 40702 -21756 0 -21756 SUMMER CONFERENCES 611710 2052662 2052662 0 0 0 0 0 0 2052662 187148415 173659759 53096 2632310 X 2368049 2368049 25242664 25242664 0 0 0 0 5147937 0 5147937 0 0 0 0 0 34653901 30950206 3327989 375706 2069000 2069000 0 0 5710270 3632056 1996218 81996 0 0 0 0 0 0 0 0 448386 0 448386 0 0 0 0 0 0 0 0 0 0 0 15990116 11802167 4187949 0 536554 0 536554 0 14183548 7375613 6365631 442304 10080182 7507826 2572356 663181 429849 233332 6080962 0 6080962 0 20098307 0 20098307 0 2509703 0 2509703 0 INTERCOLLEGIATE PROGRAM 2774942 2774942 0 0 SPECIAL EVENTS 2335143 1277688 1057455 0 GRADUATE SCHOOL PROGRAM 492289 492289 0 0 4782755 2284458 2498297 156167889 98206807 57061076 900006 36045257 1223805 1843290 77135694 29169454 11718277 2772495 2758582 0 0 0 0 0 1875000 0 0 911622 1624117 511396055 137034903 369835115 374361152 0 0 41232228 45191891 1175862 1287146 0 0 6916171 10087675 489901494 527263339 16369067 17605572 0 0 6530546 7282147 82630000 83071360 0 0 0 0 82821417 82429726 0 0 1808781 1851527 190159811 192240332 X 240552725 270686790 24263896 29433359 34925062 34902858 299741683 335023007 489901494 527263339 X 30980526 2659416 0 0 0 1641382 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 2572535 0 0 X EDUCATION 0 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 26486849 700000 7781995 0 2051000 146504 32771340 0.0069 0.9931 0 1 0 53202945 0 53202945 341766157 0 68043216 273722941 35256043 0 11021368 24234675 71003437 0 57970319 13033118 10167473 0 0 10167473 374361152 CORPORATE STOCKS, BONDS & NOTE 44915461 F INSURANCE CONTRACT 276430 C 45191891 DEPOSITS HELD IN CUSTODY 327454 FEDERAL & STATE STUDENT LOAN MONIES 1524073 1851527 X 191449213 2659416 0 0 1641382 4300798 187148415 0 0 0 187148415 130925225 0 0 0 0 0 130925225 0 25242664 25242664 156167889 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 UNIVERSITIES 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 2014 OR 2013. CURRENTLY, THE STATUTE OF LIMITATIONS REMAINS OPEN SUBSEQUENT TO AND INCLUDING THE YEAR ENDED MAY 31, 2010; 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 & 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 THE STUDENTS ENROLLED. THOSE DOLLARS ARE PASSED THROUGH TO THE STUDENTS. Europe (including Iceland and Greenland) 0 2 Program Services Study Abroad (AUS, CZ, HU) 89000 Sub-Saharan Africa 0 2 Program Services Study Abroad (S. Africa) 88000 South America 0 2 Program Services Study Abroad (Ecuador) 83500 South America 0 2 Program Services Study Abroad (Chile) 35500 Europe (including Iceland and Greenland) 0 2 Program Services Study Abroad (multi) 100000 East Asia and the Pacific 0 3 Program Services Study Abroad (Japan) 87000 South America 0 2 Program Services Study Abroad (ARG/CHI) 52000 Europe (including Iceland and Greenland) 0 2 Program Services Study Abroad (Spain) 53000 East Asia and the Pacific 0 2 Program Services Study Abroad (New Zealand) 47000 Europe (including Iceland and Greenland) 0 2 Program Services Study Abroad (AUS/CZE) 40000 Europe (including Iceland and Greenland) 0 2 Program Services Study Abroad (Italy) 58000 0 23 733000 0 0 0 0 0 0 GOLF TOURNAMENT 15045 0 15045 0 3469 8046 855 0 0 0 0 15045 0 15045 0 3469 8046 855 0 0 12370 2675 1 HIGH POINT AREA ARTS COUNCIL PO BOX 5526 HIGH POINT NC 27262 560751201 A PUBLIC CHARITY 38000 0 GENERAL SUPPORT ACTION GREENSBORO 317 SOUTH ELM STREET GREENSBORO NC 27401 562251250 A PUBLIC CHARITY 100000 AID FOR MONTLIEU ACADEMY OF TECHNOLOGY, COMPUTER PROJECT THROUGH BUSINESS FOR EXCELLENCE IN EDUCATION. UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS FOUNDATION 1533 SOUTH MAIN STREET WINSTON SALEM NC 27127 566064850 A PUBLIC CHARITY 25000 GENERAL SUPPORT HIGH POINT CHAMBER FOUNDATION PO BOX 5025 HIGH POINT NC 27262 581321573 A PUBLIC CHARITY 100000 GENERAL SUPPORT FRIENDS OF JOHN COLTRANE INC PO BOX 2392 HIGH POINT NC 27261 272375364 A PUBLIC CHARITY 10000 GENERAL SUPPORT PIEDMONT TRIAD PARTNERSHIP 416 GALLIMORE DAIRY ROAD GREENSBORO NC 27409 561750279 A PUBLIC CHARITY 25000 GENERAL SUPPORT UNITED WAY OF HIGH POINT INC 201 CHURCH AVENUE HIGH POINT NC 27262 560547486 A PUBLIC CHARITY 12509 GENERAL SUPPORT HIGH POINT COMMUNITY FOUNDATION 101 S MAIN STREET HIGH POINT NC 27260 561695787 COMMUNITY FOUNDATION 2007500 GENERAL SUPPORT YWCA OF HIGH POINT 112 GATEWOOD AVENUE HIGH POINT NC 27262 560579600 A PUBLIC CHARITY 15000 GENERAL SUPPORT AMERICAN RED CROSS HIGH POINT-THOMASVILLE CHAPTER 815 PHILLIPS AVENUE HIGH POINT NC 27262 530196605 A PUBLIC CHARITY 11448 UNIVERSITY PORTION OF HPU CARES DONATION FOR BOSTON 10 0 VARIOUS SCHOLARSHIPS & STUDENT AID 2760 25242664 0 FMV Schedule I, Part I, Line 2 IN THE 2013/2014 FISCAL YEAR, THE GRANTEES WERE APPROVED BY THE UNIVERSITY PRESIDENT AND CONFIRMED WITH THE EXECUTIVE VICE PRESIDENT. X X X X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 NIDO QUBEIN PRESIDENT 662851 0 1000 0 2217460 0 256650 0 27837 0 3165798 0 1664185 0 D ANDREW BILLS VICE PRESIDENT 210727 0 1500 0 1909 0 11083 0 26628 0 251847 0 0 0 DONALD SCARBOROUGH VICE PRESIDENT 145907 0 1500 0 3005 0 12000 0 12002 0 174414 0 0 0 DENNIS CARROLL VICE PRESIDENT 238763 0 1500 0 2905 0 19200 0 7571 0 269939 0 0 0 DENNY G BOLTON VICE PRESIDENT 260856 0 1500 0 5662 0 21319 0 8811 0 298148 0 0 0 CHRISTOPHER DUDLEY VICE PRESIDENT 209793 0 1500 0 789 0 17733 0 26954 0 256769 0 0 0 WELLINGTON DESOUZA VICE PRESIDENT 131304 0 500 0 6734 0 10609 0 6445 0 155592 0 0 0 GAIL TUTTLE VICE PRESIDENT 162100 0 1500 0 911 0 13120 0 8233 0 185864 0 0 0 KEVIN EDWARDS VICE PRESIDENT 33811 0 1000 0 189 0 1076 0 4759 0 40835 0 0 0 ROGER CLODFELTER VICE PRESIDENT 123333 0 1500 0 440 0 12221 0 0 0 137494 0 0 0 CRAIG KEILITZ VICE PRESIDENT - ATHLETICS 152523 0 1500 0 664 0 12400 0 8811 0 175898 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 202363 0 1500 0 2069 0 8858 0 25490 0 240280 0 0 0 DANIEL ERB DEAN/PROFESSOR 189695 0 1500 0 1145 0 10036 0 26707 0 229083 0 0 0 RONALD RAGAN DEAN/PROFESSOR 190766 0 1500 0 1268 0 15583 0 24922 0 234039 0 0 0 MARK TEAFORD PROFESSOR 138618 0 1500 0 1991 0 11089 0 0 0 153198 0 0 0 ERIC HEGEDUS CHAIR/PROFESSOR 147938 0 1500 0 1606 0 12732 0 26904 0 190680 0 0 0 Schedule J, Part I, Line 1a NIDO QUBEIN, PRESIDENT RECEIVES A HOUSING ALLOWANCE AND HAS SERVICES PROVIDED AT THE HOME INCLUDING CLEANING STAFF, MAINTENANCE SERVICES AS NEEDED AND A GROUNDSKEEPER. THESE ITEMS WERE 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 NIDO QUBEIN, PRESIDENT RECEIVED A RETIREMENT DISTRIBUTION OF 1,832,935 IN TAX YEAR 2013. DR. QUBEIN RECEIVED A CONTRIBUTION 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 7000000 0 2001865 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 Schedule K, Part II, Line 12-07/11/2012 64,868,829 NC CAPITAL FACILITIES FINANCE AGENCY AS OF MAY 31, 2014, THE BOND PROCEEDS FOR CAPITAL EXPENDITURES FROM THE 2012 BOND ISSUE HAD NOT BEEN SPENT. THE PROJECTS DID SPEND THE REMAINING FUNDS IN JUNE 2014 LEAVING NO ADDITIONAL PROCEEDS TO BE SPENT. BB&T NIDO QUBEIN, PRESIDENT, IS ON THE BOARD OF TRUSTEES OF BB&T 7262478 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. 4735484 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. 825100 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. 277562 THE COMPANY PROVIDES HVAC MAINTENANCE AND REPAIR SERVICES TO VARIOUS CAMPUS BUILDINGS. 0 WOMBLE CARLYLE SANDRIDGE AND RICE LLP WILLIAM WOMBLE IS ON THE BOARD OF TRUSTEES. 193142 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 NIDO QUBEIN IS PART OWNER OF THE AIRPLANE THAT HIGH POINT LEASES FOR THE PRESIDENTS TRAVEL USE. 107098 DRY LEASE FOR AIR PLANE FOR PRESIDENT'S TRAVEL. 0 X 1 715000 APPRAISAL X ATHLETIC EQUIPMENT 1 21149 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 LESS THAN THEIR 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 IS PHASING OUT THE ADULT CONTINUING EDUCATION PROGRAM. CURRENTLY ENROLLED STUDENTS WILL BE ALLOWED TO FINISH THE PROGRAM THEY ARE CURRENTLY ENROLLED IN. NEW STUDENTS ARE NOT BEING ACCEPTED. THE BUDD CAMPUS WHERE THESE PROGRAMS WERE PREVIOUSLY 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 B, Line 11b THE FORM 990 IS PREPARED BY THE CFO AND CURRENTLY REVIEWED BY THE AUDIT FIRM. THE FORM 990 IS THEN REVIEWED AND APPROVED BY THE UNIVERSITY PRESIDENT AND THE EXECUTIVE VICE PRESIDENT WITH A COPY PROVIDED TO 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 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, CONFLICT 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 $10,621,723. SERVICES FROM BUDD GROUP ARE ALSO INCLUDED IN THE AMOUNT OF $2,687,069. WE ALSO HAVE VARIOUS OTHER PROFESSIONAL SERVICES OF $2,431,061 SHOWN IN THIS LINE ITEM. Form 990, Part XI, Line 9 CHANGE IN INTEREST RATE SWAP $1,641,382 1924 HOLDINGS LLC 833 MONTLIEU AVENUE HIGH POINT NC 27262 900660924 RENTAL NC 3405758 9583013 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 THE UNIVERSITY RECEIVED EXTENSION PERMISSION FROM THE IRS UNDER FORM 8868.