WILLIAM PEACE UNIVERSITY: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- WILLIAM PEACE UNIVERSITY (EIN 56-0529988)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2014-05-08
- IRS object ID
- 201401289349301100
- Schema version
- 2012v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule I
- Schedule J
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-05-08T10:16:21-05:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 135381590 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BDO USA LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7101 WISCONSIN AVE SUITE 800 | AddressLine1 |
| City | BETHESDA | City |
| State | MD | State |
| ZIP Code | 208144827 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 560529988 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WILLIAM PEACE UNIVERSITY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | WILL | NameControl |
| Phone | 9195082035 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 15 EAST PEACE STREET | AddressLine1 |
| City | RALEIGH | City |
| State | NC | State |
| ZIP Code | 27604 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | GEORGE A YEARWOOD | Name |
| Title | CFO AND VP OF ADMINISTRATION | Title |
| Phone | 9195082035 | Phone |
| Date Signed | 2014-05-08 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MICHAEL SORRELLS CPA | Name |
| PTIN | P00001737 | PTIN |
| Phone | 3016544900 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | DR DEBRA M TOWNSLEY | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 15 EAST PEACE STREET | AddressLine1 |
| City | RALEIGH | City |
| State | NC | State |
| ZIP Code | 27604 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 24015609 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.PEACE.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1857 | YearFormation |
| State Legal Domicile | NC | StateLegalDomicile |
| Activity Or Mission Description | 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. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 14 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 14 | NbrIndependentVotingMembers |
| Total Nbr Employees | 425 | TotalNbrEmployees |
| Total Nbr Volunteers | 150 | TotalNbrVolunteers |
| Total Gross UBI | 269856 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 1390928 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 2352360 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 16764082 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 19571253 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 655334 | InvestmentIncomePriorYear |
| Investment Income Current Year | 334753 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 4675001 | OtherRevenuePriorYear |
| Other Revenue Current Year | 1757243 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 23485345 | TotalRevenuePriorYear |
| Total Revenue Current Year | 24015609 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 6142993 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 6984567 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 7782526 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 8831354 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 362892 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 8543817 | OtherExpensePriorYear |
| Other Expenses Current Year | 9888992 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 22469336 | TotalExpensesPriorYear |
| Total Expenses Current Year | 25704913 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 1016009 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -1689304 | RevenuesLessExpensesCY |
| Total Assets BOY | 70665661 | TotalAssetsBOY |
| Total Assets EOY | 74513481 | TotalAssetsEOY |
| Total Liabilities BOY | 11632381 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 17070382 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 59033280 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 57443099 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | 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-LONG 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. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 9614110 | Expense |
| Grants | 6980312 | Grants |
| Revenue | 16788227 | Revenue |
| Description | INSTRUCTION & ACADEMIC SUPPORT. THE 17 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 EACH MAJOR. 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. MANDATORY COURSES IN PERSONAL FINANCIAL MANAGEMENT, MEDIA LITERACY, AND FOUR YEARS OF WRITING COURSES WITHIN THE ENGLISH DEPARTMENT. (SEE SCHEDULE O FOR CONTINUATION.) | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 3194052 | Expense |
| Description | 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. (SEE SCHEDULE O FOR CONTINUATION.) | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 3129854 | Expense |
| Revenue | 3513524 | Revenue |
| Description | AUXILIARY ENTERPRISES. FROM YOUR TYPICAL RESIDENCE HALL TO SUITES, THERE ARE 6 RESIDENCE HALLS ON CAMPUS AT WILLIAM PEACE UNIVERSITY. FIRST-YEAR HOUSING FAVORITES INCLUDE ROSS AND DAVIDSON HALLS, EACH WITH 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. (SEE SCHEDULE O FOR CONTINUATION.) | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 15938016 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 56 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 425 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 14 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 14 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 1 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | NC | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GEORGE A YEARWOOD | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 9195082035 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 15 EAST PEACE STREET | AddressLine1 |
| City | RALEIGH | City |
| State | NC | State |
| ZIP Code | 27604 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (21 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Average Hours Per Week RelatedAverageHoursPerWeekRelated | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| MARY DAVIS BETTS | ||||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |||
| RAE MARIE H CZUHAI '85 | ||||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |||
| GERALD JEB JEUTTER | ||||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |||
| J FREDERICK KELLY JR | ||||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |||
| LEE RAST '75 | ||||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |||
| CHARLES TERRY REEVES | ||||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |||
| AB SWINDELL IV | ||||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |||
| SCOTT CUSTER | ||||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |||
| RICK MARTINEZ | ||||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |||
| EDWARD MCLEOD JR | ||||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |||
| TODD ROBINSON | ||||||||
| BOARD CHAIR | 5.00 | X | 0 | 0 | 0 | X | ||
| BETH CHERRY | ||||||||
| BOARD VICE-CHAIR | 5.00 | X | 0 | 0 | 0 | X | ||
| MARY-KATHRYN ADCOCK | ||||||||
| BOARD SECRETARY | 5.00 | X | 0 | 0 | 0 | X | ||
| WILLARD ROSS | ||||||||
| BOARD TREASURER | 5.00 | X | 0 | 0 | 0 | X | ||
| DEBRA TOWNSLEY | ||||||||
| PRESIDENT | 50.00 | 431054 | 0 | 21833 | X | 2.00 | ||
| GEORGE ROCKY YEARWOOD | ||||||||
| VICE PRESIDENT FOR FINANCE & CFO | 50.00 | 147504 | 0 | 11931 | X | 2.00 | ||
| AMBER STENBECK | ||||||||
| VP FOR ENROLLMENT | 40.00 | 168838 | 0 | 12320 | X | |||
| LAURA ALBERT | ||||||||
| VP FOR STRATEGIC INITIATIVES | 40.00 | 120335 | 0 | 5277 | X | |||
| ANN DENLINGER | ||||||||
| VP FOR ACADEMIC AFFAIRS | 40.00 | 110914 | 0 | 7910 | X | |||
| JULIE RICCIARDI | ||||||||
| VP FOR ENGAGEMENT | 40.00 | 109162 | 0 | 9760 | X | |||
| JUSTIN ROY | ||||||||
| VP FOR SOCIAL MEDIA & MARKETING | 40.00 | 101253 | 0 | 9513 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1189060 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 78544 | TotalOtherCompensation |
| Number Individuals GT100 K | 7 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (4 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| THE BUDD GROUP | |||||
| POBOX 89056 | CHARLOTTE | NC | 282890856 | FACILITIES SERVICES | 433694 |
| PARKER POE ADAMS BERNSTEIN LLP | |||||
| 401 S TRYON ST STE 3000 | CHARLOTTE | NC | 282021942 | LEGAL | 336276 |
| GLENN MILLS FISHER AND MAHONEY P | |||||
| 404 HUNT STREET STE 100 | DURHAM | NC | 27701 | LEGAL | 230000 |
| SMITH SINNETT ARCHITECTURE | |||||
| 4600 LAKE BOONE TRAIL | RALEIGH | NC | 27607 | ARCHITECTURAL SERVICES | 120680 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 4 | NumberOfContractorsGT100K |
| Related Organizations | 231673 | RelatedOrganizations |
| Government Grants | 126481 | GovernmentGrants |
| All Other Contributions | 1994206 | AllOtherContributions |
| Noncash Contributions | 113794 | NoncashContributions |
| Total Contributions | 2352360 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| TUITION AND FEES | 900099 | 15787873 | 15787873 | |
| AUXILIARY ENTERPRISES | 900099 | 3513524 | 3513524 | |
| VISITOR SERVICES | 531120 | 269856 | 269856 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 19571253 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 334753 | TotalRevenueColumn |
| Exclusion | $334,753 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | ExclusionExclusionAmount |
|---|---|---|---|---|
| OTHER INCOME | 900099 | 1000356 | 1000356 | |
| CAP. GAINS FROM INV POOL | 900099 | 756887 | $756,887 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 1757243 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 24015609 | TotalRevenueColumn |
| Related Or Exempt Function Income | 20301753 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 269856 | UnrelatedBusinessRevenue |
| Exclusion | $1,091,640 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6984567 | Total |
| Program Services | 6984567 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 595550 | Total |
| Program Services | 201647 | ProgramServices |
| Management And General | 349093 | ManagementAndGeneral |
| Fundraising | 44810 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7057237 | Total |
| Program Services | 4901969 | ProgramServices |
| Management And General | 1952428 | ManagementAndGeneral |
| Fundraising | 202840 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 91137 | Total |
| Program Services | 69007 | ProgramServices |
| Management And General | 20459 | ManagementAndGeneral |
| Fundraising | 1671 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 646160 | Total |
| Program Services | 333544 | ProgramServices |
| Management And General | 305917 | ManagementAndGeneral |
| Fundraising | 6699 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 441270 | Total |
| Program Services | 313904 | ProgramServices |
| Management And General | 120546 | ManagementAndGeneral |
| Fundraising | 6820 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 566723 | Total |
| Management And General | 566723 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 91913 | Total |
| Management And General | 91913 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 574701 | Total |
| Management And General | 574701 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1824870 | Total |
| Program Services | 1172940 | ProgramServices |
| Management And General | 651930 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 573239 | Total |
| Program Services | 140148 | ProgramServices |
| Management And General | 408274 | ManagementAndGeneral |
| Fundraising | 24817 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 385975 | Total |
| Program Services | 122325 | ProgramServices |
| Management And General | 247023 | ManagementAndGeneral |
| Fundraising | 16627 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 640190 | Total |
| Management And General | 640190 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 207929 | Total |
| Program Services | 190901 | ProgramServices |
| Management And General | 12162 | ManagementAndGeneral |
| Fundraising | 4866 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 287414 | Total |
| Program Services | 68617 | ProgramServices |
| Management And General | 218797 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1402475 | Total |
| Program Services | 600706 | ProgramServices |
| Management And General | 801769 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 336038 | Total |
| Management And General | 336038 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| OPERATION/MAINTENANCE | 1441525 | 2223 | 1439302 | |
| PROGRAM SUPPORT | 1406453 | 782523 | 578294 | 45636 |
| TRAINING/DEVELOPMENT | 134377 | 52995 | 73276 | 8106 |
| NET LEGAL SETTLEMENTS | 15170 | 15170 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 25704913 | Total |
| Program Services | 15938016 | ProgramServices |
| Management And General | 9404005 | ManagementAndGeneral |
| Fundraising | 362892 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3864002 | BOY |
| EOY | 4363996 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 605094 | BOY |
| EOY | 654368 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 705337 | BOY |
| EOY | 550881 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 683939 | BOY |
| EOY | 1141235 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 44348979 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 12182243 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 31649203 | BOY |
| EOY | 32166736 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21777486 | BOY |
| EOY | 28089052 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4515830 | BOY |
| EOY | 376861 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6864770 | BOY |
| EOY | 7170352 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 70665661 | BOY |
| EOY | 74513481 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2334471 | BOY |
| EOY | 1701557 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8785000 | BOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 15185000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 512910 | BOY |
| EOY | 183825 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11632381 | BOY |
| EOY | 17070382 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22120099 | BOY |
| EOY | 21222011 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11206521 | BOY |
| EOY | 10034928 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 25706660 | BOY |
| EOY | 26186160 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 59033280 | BOY |
| EOY | 57443099 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 70665661 | BOY |
| EOY | 74513481 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -1689304 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | -463011 | ReconciliationUnrealizedInvest |
| Reconcilation Other Changes | 562134 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 33690208 | BeginningOfYearBalance |
| Contributions | 349973 | Contributions |
| Investment Earnings Or Losses | 408523 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 586643 | GrantsOrScholarships |
| Other Expenditures | 446266 | OtherExpenditures |
| Administrative Expenses | 574701 | AdministrativeExpenses |
| End Of Year Balance | 32841094 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 36742633 | BeginningOfYearBalance |
| Contributions | 61994 | Contributions |
| Investment Earnings Or Losses | -1500433 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 720734 | GrantsOrScholarships |
| Other Expenditures | 312541 | OtherExpenditures |
| Administrative Expenses | 580711 | AdministrativeExpenses |
| End Of Year Balance | 33690208 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 31863848 | BeginningOfYearBalance |
| Contributions | 369904 | Contributions |
| Investment Earnings Or Losses | 5721237 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 671267 | GrantsOrScholarships |
| Other Expenditures | 541089 | OtherExpenditures |
| End Of Year Balance | 36742633 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 32158819 | BeginningOfYearBalance |
| Contributions | 174302 | Contributions |
| Investment Earnings Or Losses | 2649515 | InvestmentEarningsOrLosses |
| Other Expenditures | 1044936 | OtherExpenditures |
| End Of Year Balance | 33937700 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.00820 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.79740 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.19440 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 1 | EndowmentsHeldByRelatedOrgs |
| Are Related Orgs Listed Schedule R | 1 | AreRelatedOrgsListedScheduleR |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3285158 | OtherCostOrOtherBasis |
| Book Value | 3285158 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 35759742 | OtherCostOrOtherBasis |
| Depreciation | 9390937 | Depreciation |
| Book Value | 26368805 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5304079 | OtherCostOrOtherBasis |
| Depreciation | 2791306 | Depreciation |
| Book Value | 2512773 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 32166736 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets (5 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| CONTRIBUTIONS RECEIVABLE FROM CHARITABLE TRUSTS | 2066034 |
| BENEFICIAL INTEREST IN PERPETUAL TRUSTS | 4433084 |
| OTHER | 486437 |
| DUE FROM PEACE COLLEGE OF RALEIGH FOUNDATION | 34014 |
| FAIR VALUE OF INTEREST RATE SWAP | 150783 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 7170352 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| ANNUITIES PAYABLE | $69,043 |
| LEASES PAYABLE | $42,842 |
| ACCRUED INTEREST | $71,940 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 183825 | TotalOfAmounts |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: | Identifier |
| Return Reference | PART V, LINE 4: | ReturnReference |
| Explanation | 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 DONOR-IMPOSED RESTRICTIONS. | Explanation |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION | SCHEDULE E, PART I, LINE 3 | PUBLICIZED ANNUALLY THROUGH THE NEWSPAPER (RAN IN THE NEWS AND OBSERVER ON 8/5/12). IT IS ALSO INCLUDED IN ALL PRINT ADVERTISEMENTS AND LISTED ON THE WEBSITE. |
| EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE | SCHEDULE E, PART I, LINE 6 | 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. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII (3 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant |
|---|---|---|
| FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAM | 324 | 61220 |
| INSTITUTIONAL GRANTS | 632 | 6915560 |
| NORTH CAROLINA TUITION ASSISTANCE PROGRAM | 1 | 7786 |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | 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 QUALIFICATION FOR NEEDS BASED SCHOLARSHIPS. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Independent Consultant | X | IndependentConsultant |
| Written Employment Contract | X | WrittenEmploymentContract |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (3 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DEBRA TOWNSLEY | ||||||||||||||
| PRESIDENT | 287054 | 0 | 60000 | 0 | 84000 | 0 | 0 | 0 | 21833 | 0 | 452887 | 0 | 0 | 0 |
| GEORGE ROCKY YEARWOOD | ||||||||||||||
| VICE PRESIDENT FOR FINANCE & CFO | 147504 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11931 | 0 | 159435 | 0 | 0 | 0 |
| AMBER STENBECK | ||||||||||||||
| VP FOR ENROLLMENT | 168838 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12320 | 0 | 181158 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | PART I, LINE 1A | ReturnReference |
| Explanation | AS PROVIDED FOR IN HER CONTRACT, THE PRESIDENT RECEIVES A HOUSING ALLOWANCE IN LIEU OF A RESIDENCE OWNED BY THE UNIVERSITY. | Explanation |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 7 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 113794 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | AVG VALUE ON DAY REC | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (10 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| INSTRUCTION/ACADEMIC SUPPORT-PROGRAM SERVICE ACCOMPLISHMENTS (CONTINUATION) | FORM 990, PART III, LINE 4A | 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, THEY 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. |
| STUDENT SERVICES/ACTIVITIES-PROGRAM SERVICE ACCOMPLISHMENTS (CONTINUATION): | FORM 990, PART III, LINE 4B | 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. WE UTILIZE IMLEAGUES, A SPECIALIZED SPORTS SITE FOR INTRAMURAL SPORTS THAT KEEPS TRACK OF YOUR TEAM AND INDIVIDUAL STATISTICS. OUR STUDENTS USE THIS SITE TO SIGN UP FOR TOURNAMENTS, JOIN TEAMS, AND WATCH THE BRACKETS! 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 SEVEN DIFFERENT SPORTS INCLUDING BASEBALL, MEN'S AND WOMEN'S BASKETBALL, MEN'S AND WOMEN'S CROSS COUNTRY, MEN'S GOLF, MEN'S AND WOMEN'S SOCCER, SOFTBALL, MEN'S AND WOMEN'S TENNIS, AND WOMEN'S VOLLEYBALL. |
| AUXILIARY ENTERPRISES-PROGRAM SERVICE ACCOMPLISHMENTS (CONTINUATION): | FORM 990, PART III, LINE 4C | 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, WOLF CREEK 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, IT'S ALL THERE! ADDITIONALLY, AT PEACE, YOU HAVE OPTIONS FOR YOUR TEXTBOOKS: BUY NEW OR USED TEXTBOOKS, RENT YOUR TEXT BOOK, OR GO DIGITAL. |
| FORM 990, PART VI, SECTION B, LINE 11 | A COPY OF FORM 990 IS PRESENTED TO THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES FOR DETAILED REVIEW. THE FINANCE COMMITTEE REVIEWS THE DETAILS AND APPROVES IT PRIOR TO BEING FILED. THE FULL BOARD REVIEWS THE FORM 990 ON A HIGH LEVEL PRIOR TO IT BEING FILED. | |
| 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. | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | FORM 990, PART XI, LINE 9: | CHANGES IN SPLIT INTEREST TRUST AGREEMENTS 86,010. CHANGES IN INTEREST RATE SWAP AGREEMENTS 277,912. CHANGE IN BENEFICIAL INTEREST IN PERPETUAL TRUSTS 142,793. GAIN ON EXTINGUISHMENT OF DEBT 55,419. NONCONTROLLING INTEREST IN SUBSIDIARY |
| OVERSIGHT OF THE AUDITED FINANCIAL STATMENTS: | FORM 990, PART XII, LINE 2C | THERE HAS BEEN NO CHANGE IN THE PROCESS. |
| FORMER KEY EMPLOYEES WHO CANNOT BE REACHED AT THE UNIVERSITY ADDRESS | FORM 990, PART VI, LINE 9 | AMBER STENBECK 4820 SMITH CREEK PARKWAY RALEIGH, NC 27612 ANN DELINGER: 3912 LAUREL MANOR COURT RALEIGH, NC 27612 |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PEACE COLLEGE OF RALEIGH FOUNDATION | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 15 EAST PEACE STREET | AddressLine1 |
| City | RALEIGH | City |
| State | NC | State |
| ZIP Code | 27604 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 560792704 | EIN |
| Primary Activities | TO SUPPORT THE MISSION OF WILLIAM PEACE UNIVERSITY | PrimaryActivities |
| Legal Domicile State | NC | LegalDomicileState |
| Exempt Code Section | 501(C)(3) | ExemptCodeSection |
| Public Charity Status | LINE 11B, II | PublicCharityStatus |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WILLIAM PEACE UNIVERSITY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Org | 0 | ControlledOrg |
Form990 Schedule R Part III Form990ScheduleRPartIII
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PEACE COLLEGE AND FOUNDATION INVESTMENT POOL LLC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 15 EAST PEACE STREET | AddressLine1 |
| City | RALEIGH | City |
| State | NC | State |
| ZIP Code | 27604 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 943481706 | EIN |
| Primary Activity | INVESTING ACTIVITY FOR WM. PEACE UNIV AND THE PEACE COLLEGE FOUNDATION | PrimaryActivity |
| Legal Domicile State | NC | LegalDomicileState |
| Predominant Income Type | INVESTMENT | PredominantIncomeType |
| Share Of Total Income | 804543 | ShareOfTotalIncome |
| Share Of EOY Assets | 28450561 | ShareOfEOYAssets |
| Disproportionate Allocations | 0 | DisproportionateAllocations |
| General Or Managing Partner | 0 | GeneralOrManagingPartner |
| Percentage Ownership | 0.80910 | PercentageOwnership |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 1 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | 0 | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 1 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 1 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (2 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| PEACE COLLEGE AND FOUNDATION INVESTMENT POOL LLC | ||
| R | 353435 | CASH |
| PEACE COLLEGE AND FOUNDATION INVESTMENT POOL LLC | ||
| S | 1732962 | CASH |
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