2015-11-13T16:26:53-06:00 2015-06-30 205857627 NICHOLSON & COMPANY PLLC P O DRAWER 15099 HATTIESBURG MS 394045099 990 2014-07-01 640329300 WILLIAM CAREY UNIVERSITY WILL 6013186193 498 TUSCAN AVE BOX 2 HATTIESBURG MS 39401 GRANT GUTHRIE VP BUSINESS & CFO 6013186193 2015-11-13 1 SUSAN A RILEY CPA P00144776 6012643519 2015-11-10 2014 2016-04-25 22:37:26Z DR RAYMOND T KING 498 TUSCAN AVE BOX 2 HATTIESBURG MS 39401 93217624 0 X WMCAREY.EDU X 1892 MS AS A CHRISTIAN UNIVERSITY WHICH EMBRACES ITS BAPTIST HERITAGE AND NAMESAKE, WILLIAM CAREY UNIVERSITY PROVIDES QUALITY EDUCATIONAL PROGRAMS, WITHIN A CARING CHRISTIAN ACADEMIC COMMUNITY, WHICH CHALLENGE THE INDIVIDUAL STUDENT TO EXCEL IN SCHOLARSHIP, LEADERSHIP, AND SERVICE IN A DIVERSE GLOBAL SOCIETY. 24 24 1115 50 96643 92940 7264480 7024355 45790965 48517742 696193 836835 4076471 3855340 57828109 60234272 9217618 8846821 0 0 25515317 26212204 0 0 307397 15511936 15940323 50244871 50999348 7583238 9234924 121354476 114328832 39431467 24111646 81923009 90217186 X AS A CHRISTIAN UNIVERSITY WHICH EMBRACES ITS BAPTIST HERITAGE AND NAMESAKE, WILLIAM CAREY UNIVERSITY PROVIDES QUALITY EDUCATIONAL PROGRAMS, WITHIN A CARING CHRISTIAN ACADEMIC COMMUNITY, WHICH CHALLENGE THE INDIVIDUAL STUDENT TO EXCEL IN SCHOLARSHIP, LEADERSHIP, AND SERVICE IN A DIVERSE GLOBAL SOCIETY. 0 0 21293850 48517742 ACADEMIC PROGRAMSTHE UNIVERSITY MAINTAINS AN UNDERGRADUATE PROGRAM AND A GRADUATE PROGRAM AT THREE CAMPUSES. ENROLLMENT HAS GROWN TO OVER 4,000 STUDENTS. THE UNIVERSITY HAS A COMPREHENSIVE EDUCATION PROGRAM WHICH ENCOURAGES EACH STUDENT TO DEVELOP THE HIGHEST POTENTIAL POSSIBLE IN LIBERAL ARTS AND/OR PROFESSIONAL EDUCATION. 8910014 SCHOLARSHIPS AND FELLOWSHIPSDIRECT AID TO STUDENTS FROM INSTITUTIONAL FUNDS 3595638 3451783 AUXILIARY ENTERPRISES INCLUDE DINING, HOUSING, AND ATHLETICS.AUXILIARY PROGRAMS PROVIDE HOUSING AND DINING SERVICES FOR THE STUDENTS WHO NEED OR WANT TO LIVE ON CAMPUS. THE ATHLETIC PROGRAMS ENCOURAGE LOYALTY TO THE UNIVERSITY AND A SENSE OF UNITY AMONG STUDENTS AND FACULTY. IN PROVIDING THESE PROGRAMS, THE UNIVERSITY ENCOURAGES THE EXERCISE OF STUDENT TALENT, WHICH ENHANCES THE LEARNING EXPERIENCES OF THE STUDENTS INVOLVED. 3664192 EXPENSES FOR OTHER PROGRAM SERVICES INCLUDE ACADEMIC SUPPORT, STUDENT SERVICES, GRANTS AND CONTRACTS, AND OTHER EXPENSES. 3664192 37463694 1 1 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 322 0 1 1115 1 1 1 0 0 0 1 1 1 1 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X GRANT GUTHRIE VP BUS AFF CFO 6013186193 498 TUSCAN AVEBOX 2 HATTIESBURG MS 39401 EMILY MOONEY TRUSTEE 1.00 X 0 0 0 REVEREND BEN CARLISLE TRUSTEE 1.00 X 0 0 0 DR HUGH DICKENS TRUSTEE 1.00 X 0 0 0 DR JOSEPH D FAIL VICE CHAIRMAN, BOD 1.00 X X 0 0 0 DR LARUE STEPHENS TRUSTEE 1.00 X 0 0 0 MR ODEAN BUSBY TRUSTEE 1.00 X 0 0 0 MR JIM BRASWELL TRUSTEE 1.00 X 0 0 0 MR TED CANNON TRUSTEE 1.00 X 0 0 0 MR GLEN GALEY TRUSTEE 1.00 X 0 0 0 DR JERRY RANKIN TRUSTEE 1.00 X 0 0 0 DR ERIC LINDSTROM TRUSTEE 1.00 X 0 0 0 REVEREND ROSSIE FRANCIS TRUSTEE 1.00 X 0 0 0 MRS MONA STEWART TRUSTEE 1.00 X 0 0 0 MRS JOAN WARREN TRUSTEE 1.00 X 0 0 0 MR GARY GORDAN TRUSTEE 1.00 X 0 0 0 MR KERMIT MCGREGOR TRUSTEE 1.00 X 0 0 0 DR TODD WILLIAMSON TRUSTEE 1.00 X 0 0 0 MR JACK SIMMONS TRUSTEE 1.00 X 0 0 0 DR DAVID MILLICAN TRUSTEE 1.00 X 0 0 0 DR JULES EUSTICE TRUSTEE 1.00 X 0 0 0 HON CHARLES PICKERING SR CHAIRMAN, BOD 1.00 X X 0 0 0 MR LEWIS MYRICK SR TRUSTEE 1.00 X 0 0 0 DR BRETT VALENTINE TRUSTEE 1.00 X 0 0 0 MRS ANN WILLIAMS TRUSTEE 1.00 X 0 0 0 GRANT GUTHRIE VP BUSINESS AFF 40.00 X 93268 0 14135 DR RAYMOND T KING PRESIDENT & CEO 40.00 X 243773 0 40968 DR SCOTT HUMMELL EXECUTIVE VP & PROVOST 40.00 X 128607 0 12641 DR GARRY BRELAND VP ACAD. AFF. & PROFESSOR 40.00 X 111671 0 47781 JAMES M TURNER PROFESSOR OF SCI./DEAN OF 40.00 X 286783 0 14199 JOHN M JONES PROFESSOR OF CLINICAL SCIE 40.00 X 225119 0 12380 BETH A LONGENECKER ASSIST. PROF. OF CLINICAL 40.00 X 204669 0 6484 JUDY L CALDWELL ASSIST. PROF. OF CLINCIAL 40.00 X 195078 0 11463 DARRELL E LOVINS PROFESSOR OF CLINICAL SCIE 40.00 X 209622 0 17356 ITALO SUBBARAO ASSOC. PROFESSOR OF CLINIC 40.00 X 209101 0 11640 1907691 0 189047 24 0 1 0 LARRY J SUMRALL CONTRACTORS INC PO BOX 4190 LAUREL MS 39440 CONSTRUCTION 2682655 MMI DINING SYSTEMS LLC 1000 RED FERN PLACE FLOWOOD MS 39232 FOOD SERVICE 1519247 BARNES & NOBLE 120 MOUNTAIN VIEW BLVD BASKING RIDGE NJ 07920 BOOKSTORE 989124 MAC'S CONSTRUCTION COMPANY INC PO BOX 17017 HATTIESBURG MS 39404 CONSTRUCTION 836081 PROFESSIONAL SECURITY 2 THOMAS LANE HATTIESBURG MS 39402 SECURITY 420668 13 71189 809472 6143694 1395840 7024355 EDUCATION & GENERAL REVEN 611600 48421099 48421099 ADVERTISING 541800 96643 96643 48517742 541825 541825 33216902 19000 32903892 37000 313010 -18000 295010 295010 22580 71189 42460 -19880 -19880 AUXILIARY INCOME 900099 3451783 3451783 OTHER REVENUES 900099 418090 418090 ENDOWMENT INCOME 900099 5347 5347 3875220 60234272 53133154 96643 -19880 11391 11391 8835430 8835430 875666 303125 572541 21058769 18221763 2619790 217216 1048620 838078 204131 6411 1785906 1290596 478631 16679 1443243 1223216 203976 16051 556985 556985 3576304 3576304 INSTRUCTIONAL 3589105 3589105 INSTITUTIONAL SUPPORT 2600653 2549613 51040 AUXILIARIES 2592810 2592810 FACILITIES 2466286 2466286 558180 558180 50999348 37463694 13228257 307397 17605811 16842841 2995857 3701058 470112 513628 24433 15951 114996623 38506161 73576215 76490462 25267578 15195882 1414470 1569010 121354476 114328832 2619899 3017912 36121546 20473992 690022 619742 39431467 24111646 X 65382460 70674135 2199224 3909883 14341325 15633168 81923009 90217186 121354476 114328832 X 9234924 -620864 -836479 516596 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 X 1 9.00 0 0 0 1 0 80.00 1600 419897 X X X 0 14341325 1005268 303031 16459 15633165 10825974 2756685 1150467 391801 14341325 10381841 148746 645316 349929 10825974 9644098 466735 676436 405429 10381840 8843071 175259 1024932 399164 9644098 1.00000 0 1 1 27500 9576693 9604193 76408468 20134340 56274128 18317191 14203890 4113301 10666771 4167931 6498840 76490462 STUDENT DEPOSITS AND REFUNDS 619742 619742 X 59633288 -620864 19880 -600984 60234272 0 60234272 50999348 0 50999348 0 50999348 PART III, LINE 4: THE COLLECTION CONSISTS OF ART FROM THE LUCILLE PARKER COLLECTION AND THE SARAH GILLESPIE COLLECTION; RARE BOOKS, ARTIFACTS, ART, MANUSCRIPTS IN THE CENTER FOR THE STUDY OF THE LIFE AND WORK OF WILLIAM CAREY; AND RARE BOOKS, ARTIFACTS, FURNITURE, ART, AND MANUSCRIPTS FROM THE DICKINSON COLLECTION. THE ABOVE COLLECTIONS FURTHER WILLIAM CAREY UNIVERSITY'S MISSION AS AN EXEMPT ORGANIZATION BY PROVIDING RESOURCES FOR SCHOLARLY RESEARCH, PRESERVING ART FOR APPRECIATION AND STUDY IN AN EDUCATIONAL CONTEXT, AND GATHERING MATERIALS TOGETHER IN ORDER TO MAKE THEM AVAILABLE TO A BROADER COMMUNITY. PART X, LINE 2: FASB ASC 740, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAX POSITIONS AND RECOGNITION OF SUCH INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE UNIVERSITY'S INCOME TAX RETURNS. THE UNVIVERSITY'S INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. THE UNIVERSITY'S OPEN TAX PERIODS ARE 2012-2014. THE UNIVERSITY BELIEVES THEIR ESTIMATES ARE APPROPRIATE BASED ON CURRENT FACTS AND CIRCUMSTANCES AND THAT NO UNCERTAIN TAX POSITIONS WERE TAKEN. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING INCOME REPORTED NET ON 990 19,880. 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 UNIVERSITY PUBLICIZES ITS NONDISCRIMINATORY POLICY TOWARD STUDENTS AT THE BEGINNING OF EACH SCHOOL YEAR. THIS ADVERTISEMENT IS PUBLISHED IN THE LARGEST NEWSPAPERS AT ALL THREE CAMPUS LOCATIONS. THE POLICY IS ALSO DISPLAYED ON THE WEBSITE. SCHEDULE E, PART I, LINE 6 SCHEDULE E, PAGE 1, #6A NATIONAL DIRECT STUDENT LOAN PELL GRANTS SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT STUDENT SUPPORT SERVICES GRANT COLLEGE WORK STUDY GOLF TOURNAMENT 26529 17024 9505 14209 SCHOLARSHIP DINNER 57775 49250 8525 19401 1 9200 4650 4550 8850 93504 70924 22580 42460 42460 -19880 1 THE PARTNERSHIP FOUNDATION ONE CONVENTION CENTER PLAZA HATTIESBURG MS 39401 205162135 501C3 5000 COMMUNITY DEVELOPMENT 1 SCHOLARSHIPS FOR STUDENTS @WCU 1001 8758889 PELL 1469 5411546 SEOG 85 144700 TEACH 159 412028 PART I, LINE 2: ALL SCHOLARSHIPS AND GRANTS ARE ADMINISTERED WITHIN THE GUIDELINES OF THE DEPARTMENT OF EDUCATION. WILLIAM CAREY UNIVERSITY'S FINANCIAL AID AND BUSINESS DEPARTMENTS MONITOR THE PROGRAMS TO ASSURE THAT THEY FOLLOW FEDERAL GUIDELINES. THE INDEPENDENT AUDITORS PERFORM AN AUDIT ON ALL FEDERAL PROGRAMS ANNUALLY. X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 DR RAYMOND T KING PRESIDENT & CEO 241098 0 0 0 2675 0 15000 0 25968 0 284741 0 0 0 DR GARRY BRELAND VP ACAD. AFF. & PROFESSOR 111552 0 0 0 119 0 9500 0 38281 0 159452 0 0 0 JAMES M TURNER PROFESSOR OF SCI./DEAN OF 286705 0 0 0 78 0 8569 0 5630 0 300982 0 0 0 JOHN M JONES PROFESSOR OF CLINICAL SCIE 225000 0 0 0 119 0 6750 0 5630 0 237499 0 0 0 BETH A LONGENECKER ASSIST. PROF. OF CLINICAL 204642 0 0 0 27 0 5850 0 634 0 211153 0 0 0 JUDY L CALDWELL ASSIST. PROF. OF CLINCIAL 195000 0 0 0 78 0 5850 0 5613 0 206541 0 0 0 DARRELL E LOVINS PROFESSOR OF CLINICAL SCIE 209503 0 0 0 119 0 11741 0 5615 0 226978 0 0 0 ITALO SUBBARAO ASSOC. PROFESSOR OF CLINIC 209083 0 0 0 18 0 6020 0 5620 0 220741 0 0 0 PART I, LINE 1A EMPLOYEES WHO ARE ORDAINED MINISTERS QUALIFY FOR HOUSING ALLOWANCES. THE AMOUNT OF THE HOUSING ALLOWANCE IS INCLUDED IN PART VII, SECTION A, COLUMN F. THE HOUSING ALLOWANCE IS ALSO REPORTED ON THE W-2, BOX 14. THE FOLLOWING ORDAINED MINISTERS REPORTED IN PART VII, SECTION A, COLUMN F, RECEIVED HOUSING ALLOWANCE: DR. RAYMOND T. KING AND DR. GARY BRELAND PART I, LINE 4B DR. RAYMOND T. KING MADE A CONTRIBUTION TO A 457F PLAN IN THE AMOUNT OF $25,000. LEWIS MYRICK TRUSTEE 7853 BUILDING MATERIALS 0 JACK SIMMONS TRUSTEE 17500 FURNITURE 0 JOSEPH FAIL TRUSTEE 94872 TELEPHONE COMPANY 0 0 X 5 1089496 FMV X 1 299344 FMV X PIANO 1 7000 FMV X AIR TRANSPORT 1 2300 FMV X SUPPLIES 6 1813 FMV 1 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 LINE 11A EXPLANATION - A COPY OF THE FORM 990 IS MAILED OR EMAILED TO EACH BOARD MEMBER FOR REVIEW PRIOR TO FILING. THE RETURN MUST BE REVIEWED AND APPROVED BY THE BOARD BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER MUST SIGN AN EXTENSIVE CONFLICT OF INTEREST POLICY AT THE BEGINNING OF EACH SCHOOL YEAR. SHOULD THE EXECUTIVE COMMITTEE HAVE CONCERNS ABOUT A CONFLICT OF INTEREST, THEY MEET WITH THE MEMBER AND MAKE A DECISION CONCERNING THIS. THE MATTER IS THEN BROUGHT TO THE ATTENTION OF THE ENTIRE BOARD TO BE RESOLVED. FORM 990, PART VI, SECTION B, LINE 15A THE FINANCE COMMITTEE SERVES AS THE COMPENSATION COMMITTEE AND MEETS ANNUALLY REGARDING THE CHIEF EXECUTIVE'S COMPENSATION. THIS COMMITTEE OFTEN DETERMINES THE COMPENSATION OF THE PRESIDENT BASED ON COMPARABILITY DATA FROM OTHER UNIVERSITIES OF SIMILAR SIZE AND DELIBERATION AMONG THE MEMBERS. AFTER THE COMMITTEE REACHES A CONCLUSION, THEY MAKE A RECOMMENDATION TO THE TRUSTEES. THE TRUSTEES THEN DISCUSS AND VOTE ON THE RECOMMENDATION OF THE COMPENSATION COMMITTEE. ALL DISCUSSIONS CONCERNING EXECUTIVE COMPENSATION ARE RECORDED IN THE MINUTES OF THE MEETINGS FOR SUBSTANTIATION PURPOSES. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS AND TAX RETURNS ARE AVAILABLE BY REQUESTING A COPY FROM THE BUSINESS OFFICE THROUGH THE CFO OR ON THE GUIDESTAR WEBSITE. CONFLICT OF INTEREST POLICY AND OTHER GOVERNING DOCUMENTS ARE AVAILABLE TO ALL EMPLOYEES ON OUR INTERNAL WEBSITE. THESE ARE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: ASSETS TRANSFERRED IN FROM WCU DEVELOPMENT FOUNDATION 496,716. NET LOSS FROM FUNDRAISING ACTIVITIES 19,880. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR.