2015-05-15T13:04:55-05:00 2014-06-30 560747981 DIXON HUGHES GOODMAN LLP PO BOX 1556 MORGANTOWN WV 265071556 990 2013-07-01 550370128 MOUNTAIN STATE UNIVERSITY INC MOUN 3042537351 PO BOX 9003 BECKLEY WV 25802 STEPHANIE ALLARD DIRECTOR OF BUDGET AND TAX 3049291642 2015-05-15 1 SUSAN S DULL P00233523 3042927343 2013 2016-02-25 16:41:14Z STEPHANIE ALLARD PO BOX 9003 BECKLEY WV 25802 78278 0 X WWW.MOUNTAINSTATE.EDU X 1933 WV TO BUILD, CONDUCT, AND MAINTAIN A COLLEGE OF LIBERAL ARTS AND TECHNICAL EDUCATION. 3 3 45 3 18000 17000 3575172 131 6612330 21425 -68144 38722 118088 18000 10237446 78278 10657116 3326 0 0 8051013 224868 0 0 0 23801664 3914049 42509793 4142243 -32272347 -4063965 42433020 37202598 14333369 12365099 28099651 24837499 X WE BELIEVE IN THE VALUE OF LIFELONG LEARNING AND THE POWER OF KNOWLEDGE TO TRANSFORM LIVES. WE RESPOND TO EDUCATIONAL NEEDS BY PROVIDING ACCESSIBLE, INNOVATIVE UNDERGRADUATE AND GRADUATE PROGRAMS THAT LEAD TO OPPORTUNITIES FOR PERSONAL AND PROFESSIONAL SUCCESS. 1 0 5771 3326 21425 SEE SCHEDULE O DISCLOSURE FOR FORM 990, PART III, LINE 3 5771 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 1 40 0 1 45 1 1 1 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 0 0 0 WV PA FL NC DC X STEPHANIE ALLARD DIRECTOR OF BUDGET AND TAX 3049291642 410 NEVILLE STREET BECKLEY WV 25801 JERRY ICE SECRETARY 5.00 3.00 X 0 0 0 V MAX BEARD CHAIR 5.00 3.00 X 0 0 0 ELMER COPPOLSE VICE CHAIR 15.00 3.00 X 0 0 0 DUSTY GWINN GENERAL COUNSEL 50.00 X 178450 0 0 MICHELE SARRETT FORMER CFO THROUGH 12/31/13 13.40 3.30 X 154364 0 0 KAREN BOWLING FORMER PRESIDENT 0.00 X 124487 0 0 ROSLYN ARTS FORMER PROVOST 0.00 X 157149 0 0 614450 0 0 4 1 1 0 STEPTOE & JOHNSON PO BOX 247 MORGANTOWN WV 265071616 LEGAL SERVICES 589933 JACKSON KELLY PLLC PO BOX 553 CHARLESTON WV 25322 LEGAL SERVICES 212918 DIXON HUGHES GOODMAN PO BOX 602828 CHARLOTTE NC 28602 AUDIT SERVICES 210970 EDWARD P TIFFEY PO BOX 3785 CHARLESTON WV 25337 LEGAL SERVICES 210760 EVANS CONSULTING 7852 EAGLE RANCH ROAD FORT COLLINS CO 80528 FINANCIAL AID CONSULTING 175246 5 131 131 21425 21425 21425 19987 19987 18000 0 18000 18000 18000 18735 0 18735 18735 18735 78278 21425 18000 38722 3326 3326 212989 212989 11879 11879 717563 717563 24000 24000 347518 347518 36616 2190 34426 48084 48084 18505 18505 1732 1732 2573703 2573703 96989 96989 BAD DEBT EXPENSE 39317 39317 10022 255 9767 4142243 5771 4136472 0 80685 14900 1957138 994528 685828 4670 73252 2179 62592139 27697481 38381764 34894658 762227 780093 492126 511570 42433020 37202598 14117542 12365099 215827 0 14333369 12365099 X 27512478 24837499 587173 0 28099651 24837499 42433020 37202598 X -4063965 600000 214827 X 0 0 0 X 180060 180060 180060 180060 180060 180060 180060 180060 180060 180060 0 0 822461 822461 61769678 27697481 34072197 34894658 PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUNDS WERE ESTABLISHED FOR A VARIETY OF PURPOSES, INCLUDING SCHOLARSHIPS AND CAPITAL IMPROVEMENTS 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE STATEMENT IS IN THE CATALOG FOR THE SCHOOL AND ON THE APPLICATION FOR ADMISSION. A BRIEF STATEMENT IS ON ADVERTISING AND PROMOTIONAL MATERIALS. SCHEDULE E, PART I, LINE 6 THE FINANCIAL AID AND/OR ASSISTANCE AWARDED FROM THE FEDERAL GOVERNMENT IS FOR SCHOLARSHIPS/LOANS TO VARIOUS STUDENTS. THE MONEY IS EITHER GIVEN DIRECTLY TO EACH STUDENT OR DIRECTLY TO THE COLLEGE IN THE NAME OF THE STUDENT. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 DUSTY GWINN GENERAL COUNSEL 143450 0 35000 0 0 0 0 0 0 0 178450 0 0 0 MICHELE SARRETT FORMER CFO THROUGH 12/31/13 65004 0 0 0 89360 0 0 0 0 0 154364 0 0 0 KAREN BOWLING FORMER PRESIDENT 84487 0 40000 0 0 0 0 0 0 0 124487 0 0 0 ROSLYN ARTS FORMER PROVOST 109649 0 47500 0 0 0 0 0 0 0 157149 0 0 0 PART I, LINE 1A TYPE OF BENEFIT: HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES LISTED PERSON(S) RECEIVING BENEFIT: PRESIDENT TAXABLE COMPENSATION: YES, AMOUNT INCLUDED ON FORM W-2 THE PRESIDENT USES THIS MEMBERSHIP TO CONDUCT BUSINESS FOR THE ORGANIZATION. ELMER COPPOLSE BOARD MEMBER OF ORGANIZATION AND PARTIAL OWNER OF RELATED ORGANIZATION 3959 RENTAL EXPENSES PAID TO RELATED ORGANIZATION 0 FORM 990, PART III, LINE 2 ON JUNE 28, 2012, THE HIGH LEARNING COMMISSION (HLC) OF THE NORTH CENTRAL ASSOCIATION OF COLLEGES AND SCHOOLS, THE UNIVERSITY'S ACCREDITING BODY, VOTED TO WITHDRAW THE UNIVERSITY'S ACCREDITING BODY VOTED TO WITHDRAW THE UNIVERSITY'S ACCREDITATION EFFECTIVE AUGUST 27, 2012. THE UNIVERSITY SUBMITTED A FORMAL APPEAL. ON DECEMBER 18, 2012, THE APPEALS PANEL RENDERED THEIR DECISION TO UPHOLD THE RUILING OF THE HLC TO WITHDRAW THE ACCREDITTAION OF THE UNIVERSITY EFFECTIVE DECEMBER 31, 2012. THE UNIVERSITY HAS ENTERED INTO A MEMORANDUM OF UNDERSTANDING WITH THE UNIVERSITY OF CHARLESTON (UC) THAT FORMALLY IDENTIFIED UC AS THE OFFICIAL TEACH-OUT PARTNER FOR THE UNIVERSITY. THE PLAN WAS SUBMITTED AND APPROVED BY THE HLC. THE PLAN CONTEMPLATES THE TRANSFER OF ALL REMAINING ASSETS TO UC ONCE THE UNIVERSITY HAS RESOLVED ALL LIABILITIES AND OFFICIALLY DISSOLVED AS A CORPORATION. MOUNTAIN STATE UNIVERSITY, INC. HAS CEASED ALL MAJOR OPERATIONS EFFECTIVE DECEMBER 31, 2012 AND IS IN THE PROCESS OF LIQUIDATING ASSETS AND PAYING LIABILITIES. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED PRIOR TO FILING BY ALL BOARD MEMBERS REMAINING AT 5/15/2015. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE ANNUALLY. NO OFFICER, DIRECTOR, OR KEY EMPLOYEE WILL ENTER INTO ANY OUTSIDE BUSINESS ACTIVITY WITH THE ORGANIZATION WITHOUT FIRST NOTIFYING THE ORGANIZATION OF THE INDIVIDUAL'S PERSONAL OR FINANCIAL INTEREST IN THE ACTIVITY AND WITHOUT FIRST OBTAINING RATIFICATION FROM THE EXECUTIVE COMMITTEE OF THE ORGANIZATION'S BOARD OF TRUSTEES. THE ORGANIZATION'S POLICIES AND PROCEDURES REQUIRE BOARD MEMBERS TO DISCLOSE CONFLICTING RELATIONSHIPS, AND THESE RELATIONSHIPS ARE ANALYZED ON A CASE-BY-CASE BASIS. INDIVIDUALS, WHO MAY DIRECTLY OR INDIRECTLY, BENEFIT FROM ANY CONTRACT IN WHICH THE ORGANIZATION SEEKS TO ENTER INTO MUST FULLY DISCLOSE SUCH INTEREST TO THE BOARD PRIOR TO THE ORGANIZATION ENTERING INTO SAID CONTRACT. FURTHER, ANY TRUSTEE, OFFICER, BOARD COMMITTEE PARTICIPANT, EMPLOYEE, OR OTHER PERSON AUTHORIZED TO VOTE MUST ABSTAIN FROM ANY VOTE THAT RELATES TO A PERSONAL FINANCIAL OR OTHER BUSINESS INTEREST. FORM 990, PART VI, SECTION B, LINE 15 A REGULAR ANALYSIS OF EXECUTIVE COMPENSATION IS PERFORMED. THE ANALYSIS WAS COMPLETED IN JUNE 2011 BY MCCONNELL AND COMPANY. THEY PROVIDE REPORTS FOR THE BOARD'S COMPENSATION COMMITTEE TO USE WHEN MAKING COMPENSATION DECISIONS. EVERY TWO OR THREE YEARS, THE MSU BOARD OF TRUSTEES SELECTS A COMPANY THAT SPECIALIZES IN THE EVALUATION OF EXECUTIVE COMPENSATION TO CONDUCT AN EXECUTIVE COMPENSATION STUDY TO DETERMINE IF THE COMPENSATION OF THE PRESIDENT AND EXECUTIVE STAFF ARE WITHIN MARKET RANGE. THESE COMPANIES FOLLOW THE STANDARD PRACTICE OF SELECTING PEER INSTITUTIONS FOR MSU BASED ON THE NSSE AND IPEDS DATA. FACTORS FOR SELECTION OF PEER INCLUDE ENROLLMENT, PRIVATE INSTITUTIONS, AND DELIVERY MODALITIES. THE COMPENSATION OF THE PRESIDENT AND ALL EXECUTIVE STAFF ARE REVIEWED TO DETERMINE IF THEIR COMPENSATION IN WITHIN THE MARKET RANGES COMPARED TO PEER INSTITUTIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAY MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON A CASE-BY-CASE BASIS. FORM 990, PART XI, LINE 9: EQUITY CHANGES BETWEEN RELATED ENTITIES 214,827. MOUNTAIN STATE UNIVERSITY BUILDING COMPANY PO BOX 9003 BECKLEY WV 25802 550754244 SEE SCHEDULE R, PART VII WV 501(C)3 LINE 11A N/A 0 MOUNTAIN STATE UNIVERSITY FOUNDATION PO BOX 9003 BECKLEY WV 25802 651250747 SEE SCHEDULE R, PART VII WV 501(C)3 LINE 7 N/A 0 MOUNTAIN STATE UNIVERSITY ENDOWMENT FUND PO BOX 9003 BECKLEY WV 25802 550705569 SEE SCHEDULE R, PART VII WV 501(C)3 LINE 11A N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 RELATED ENTITIES USE MSU FACILITIES M MSU EMPLOYEES DO SOME WORK FOR RELATED ENTITIES N SOME SCHOLARSHIP FUNDS WERE TRANSFERRED TO MSU R SCHEDULE R, PART II MOUNTAIN STATE UNIVERSITY CEASED DELIVERY OF ACADEMIC SERVICES ON 12/13/12, BUT CONTINUES TO SUPPORT AND ENABLE ITS MISSION OF HIGHER EDUCATION OPPORTUNITIES IN SOUTHERN WEST VIRGINIA. THE PRIMARY ACTIVITY OF THE RELATED ENTITIES CONTINUES TO BE THE SUPPORT OF MOUNTAIN STATE UNIVERSITY AND HIGHER EDUCATION.