2014-04-14T16:18:48-07:00 2013-05-31 205907591 Smith Leonard CPAS 4035 Premier Drive Suite 300 High Point NC 27265 990 2012-06-01 560529999 HIGH POINT UNIVERSITY HIGH 3368419000 833 MONTLIEU AVENUE HIGH POINT NC 27262 Deborah Butt 3368414524 2014-04-14 1 Janice Severt P00522710 3368211419 2014-04-14 2012 2015-11-30 17:44:51Z DENNY G BOLTON 833 MONTLIEU AVENUE HIGH POINT NC 27262 227097345 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 2157 100 95918 94918 16074859 28466452 147028264 162836427 2991275 1087817 2559407 1927300 168653805 194317996 21816654 24048943 0 0 40682126 44130533 0 0 896184 66907284 72177285 129406064 140356761 39247741 53961235 439206046 489901494 198503078 190159811 240702968 299741683 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 86757220 23695581 116095053 HIGH POINT UNIVERSITY IS A PRIVATE, CO-ED UNIVERSITY COMMITTED TO PROVIDING STUDENTS WITH AN EXCEPTIONAL EDUCATION. HPU SERVES APPROXIMATELY 4300 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. 631134 0 1363754 HIGH POINT UNIVERSITY ALSO SERVES APPROXIMATELY 325 ADULT CONTINUING EDUCATION AND GRADUATE STUDENTS THROUGH ITS NORCROSS GRADUATE SCHOOL. 0 0 0 87388354 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 1 0 0 1 0 0 0 0 1 203 0 1 2157 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 BOLTON 3368419000 833 MONTLIEU AVENUE HIGH POINT NC 27262 ELIZABETH ALDRIDGE 0 0 X 0 0 0 KATHERINE M BOLES 0 0 X 0 0 0 L PAUL BRAYTON 0 0 X 0 0 0 ROBERT BROWN 0 0 X 0 0 0 RICHARD P BUDD 0 0 X 0 0 0 LYNN B CALDWELL 0 0 X 0 0 0 DORIS R COGGIN 0 0 X 0 0 0 EARL E CONGDON 0 0 X 0 0 0 FLOYD T CRAVEN 0 0 X 0 0 0 JAMES L CRESSIMORE 0 0 X 0 0 0 ASHLEY CROWDER-STANLEY 0 0 X 0 0 0 ROBERT G CULP III 0 0 X 0 0 0 JOHN FINCH 0 0 X 0 0 0 DAVID L FRANCIS 0 0 X 0 0 0 SHIRLEY T FRYE 0 0 X 0 0 0 THOMAS S HAGGAI 0 0 X 0 0 0 C FELIX HARVEY 0 0 X 0 0 0 DONALD W HAYNES 0 0 X 0 0 0 DAVID R HAYWORTH 0 0 X 0 0 0 MOLLY MILLIS HEDGECOCK 0 0 X 0 0 0 CHRISTOPHER L HENSON 0 0 X 0 0 0 THOMAS E INGRAM 0 0 X 0 0 0 ADNAN M MJALLI 0 0 X 0 0 0 RONALD L JONES 0 0 X 0 0 0 GENE C KESTER 0 0 X 0 0 0 WILLIAM V KESTER 0 0 X 0 0 0 MIRIAM O KIMSEY 0 0 X 0 0 0 PETER MAHLER 0 0 X 0 0 0 KATHERINE K MAYNARD 0 0 X 0 0 0 MEREDITH P MICHENER 0 0 X 0 0 0 JAMES H MILLIS 0 0 X 0 0 0 MARK A NORCROSS 0 0 X 0 0 0 KEVIN NORTON 0 0 X 0 0 0 JOHN C SLANE 0 0 X 0 0 0 MARSHA B SLANE 0 0 X 0 0 0 J ROBERT STOUT 0 0 X 0 0 0 ROBERT E STROUPE 0 0 X 0 0 0 RICHARD R VERT 0 0 X 0 0 0 ANNE KERR WALKER 0 0 X 0 0 0 J ALEXANDER WARD 0 0 X 0 0 0 COY O WILLARD 0 0 X 0 0 0 PLATO S WILSON 0 0 X 0 0 0 FRED E WILSON 0 0 X 0 0 0 DOUGLAS WITCHER 0 0 X 0 0 0 WILLIAM F WOMBLE 0 0 X 0 0 0 W VANN YORK 0 0 X 0 0 0 NIDO QUBEIN 40 0 X 1328537 0 446240 D ANDREW BILLS 40 0 X 208973 0 36691 DENNY G BOLTON 40 0 X 188674 0 19180 BETH BRAXTON 40 0 X 135003 0 30277 DENNIS CARROLL 40 0 X 230020 0 25524 ROGER CLODFELTER 40 0 X 110075 0 6313 WELLINGTON DESOUZA 40 0 X 166748 0 21194 CHRISTOPHER DUDLEY 40 0 X 207905 0 43830 DONALD SCARBOROUGH 40 0 X 149101 0 23824 GAIL TUTTLE 40 0 X 161553 0 20930 SCOTT CHERRY 40 0 X 202115 0 34396 DANIEL ERB 40 0 X 183641 0 40581 ERIC HEGEDUS 40 0 X 148132 0 38172 CRAIG KEILITZ 40 0 X 143082 0 20051 MARK TEAFORD 40 0 X 138756 0 13193 JACOB C MARTINSON 0 0 X 35339 0 0 3737654 0 820396 35 1 1 0 FRANK L BLUM CONSTRUCTION 830 EAST 25TH STREET WINSTON SALEM NC 27105 CONSTRUCTION 20566642 ARAMARK SERVICES 1101 MARKET STREET PHILADELPHIA PA 19107 FOOD SERVICE 10410077 BUDD GROUP 2325 S STRATFORD ROAD WINSTON SALEM NC 27103 MAINTENANCE SERVICES 4753015 SHELCO INC 1381 OLD MILL CIRCLE WINSTON SALEM NC 27103 CONSTRUCTION 4410200 FENCE BUILDERS INC 1230 OLD SALISBURY ROAD WINSTON SALEM NC 27127 CONSTRUCTION 1830530 58 0 0 0 0 1475184 26991268 0 28466452 STUDENT TUITION & FEES 611710 117458807 117458807 0 0 RESIDENCE HALL FEES 721310 25189512 25189512 0 0 CAFETERIA/MEALS 722210 19386914 19386914 0 0 INTERCOLLEGIATE ATHLETICS 611710 411531 411531 0 0 BOOKSTORE 611710 309848 309848 0 0 79815 79815 0 0 162836427 896352 0 95918 800434 0 0 0 0 0 0 0 0 2938792 0 2501827 0 436965 0 436965 0 0 436965 30415559 0 30224094 0 191465 0 191465 0 0 191465 49198 0 53428 -4230 0 -4230 SUMMER CONFERENCES AND OTHER REVENUE 611710 1494565 1494565 0 0 0 0 0 0 1494565 194317996 164330992 95918 1424634 X 353362 353362 23695581 23695581 0 0 0 0 3595931 0 3595931 0 0 0 0 0 33458262 28335467 4700172 422623 1814000 1814000 0 0 5262340 3327290 1852719 82331 0 0 0 0 0 0 0 0 500224 0 500224 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 15549728 11138018 4411710 455576 4 455572 0 11738495 6635069 4712196 391230 0 0 0 0 0 0 0 0 8757812 6350633 2407179 0 404014 404014 0 0 0 0 0 0 0 0 0 0 5825621 0 5825621 0 0 0 0 0 19327432 0 19327432 0 762514 0 762514 0 INTERCOLLEGIATE PROGRAM 2368785 2368785 0 0 SPECIAL EVENTS 2109058 1056742 1052316 0 GRADUATE SCHOOL PROGRAM 422011 422011 0 0 3956015 1487378 2468637 0 140356761 87388354 52072223 896184 9436122 36045257 3477868 1843290 13622838 29169454 2575235 2772495 0 0 0 0 0 0 0 0 819594 911622 487975157 118140042 367595400 369835115 0 0 33271636 41232228 1273102 1175862 0 0 7134251 6916171 439206046 489901494 23923305 16369067 0 0 6434351 6530546 20485000 82630000 0 0 0 0 146050475 82821417 0 0 1609947 1808781 198503078 190159811 X 197213616 240552725 7113034 24263896 36376318 34925062 240702968 299741683 439206046 489901494 X 53961235 3326305 0 0 0 1751175 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1133700 2067970 0 0 X EDUCATION 0 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 40604389 1581828 -13243293 0 2148800 307275 26486849 0.0078 0.9922 0 1 0 43993178 0 43993178 341142937 0 58814666 282328271 32807014 0 8818317 23988697 67828200 0 50507059 17321141 2203828 0 0 2203828 369835115 INSURANCE CONTRACT 285195 C CORPORATE STOCKS, BONDS & NOTE 40947033 F 41232228 DEPOSITS HELD IN CUSTODY 315296 FEDERAL & STATE STUDENT LOAN MONIES 1493485 1808781 X 199395476 3326305 0 0 1751175 5077480 194317996 0 0 0 194317996 116661180 0 0 0 0 0 116661180 0 23695581 23695581 140356761 SchD_P03_S00_L04 Schedule D, Part III, Line 4 THE UNIVERSITY MAINTAINS ART AND OTHER COLLECTIBLES DISPLAYED IN VARIOUS CAMPUS BUILDINGS FOR EDUCATIONAL AND INSTRUCTIONAL PURPOSES. SchD_P05_S00_L04 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. SchD_P10_S00_L02 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 2013 OR 2012. CURRENTLY, THE STATUTE OF LIMITATIONS REMAINS OPEN SUBSEQUENT TO AND INCLUDING THE YEAR ENDED MAY 31, 2009; 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. SchD_P11_S00_L02d Schedule D, Part XI, Line 2d Interest Rate Swap SchD_P12_S00_L04b 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 SchE_P01_S00_L03 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. SchE_P01_S00_L06 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 (Ita, Ger, Fra) 98971 Europe (including Iceland and Greenland) 0 3 Program Services Study Abroad (Ita-Religion) 53555 Europe (including Iceland and Greenland) 0 2 Program Services Study Abroad (Italy-Art) 89454 Europe (including Iceland and Greenland) 0 4 Program Services Study Abroad (Ita-Choir) 265223 Europe (including Iceland and Greenland) 0 2 Program Services Study Abroad (Ireland) 79731 Europe (including Iceland and Greenland) 0 2 Program Services Study Abroad (Spain) 69085 Europe (including Iceland and Greenland) 0 2 Program Services Study Abroad (UK/France) 75546 Sub-Saharan Africa 0 2 Program Services Study Abroad (S. Afr./Swaz) 90624 0 19 822189 0 0 0 0 0 0 PANTHER CLUB AUCTION 36705 0 36705 0 0 0 0 0 42144 GOLF TOURNAMENT 12493 0 12493 0 0 0 0 0 11284 0 49198 0 49198 0 0 0 0 0 53428 53428 -4230 1 NATIONAL CONFERENCE FOR COMMUNITY AND JUSTICE 713 N GREENE STREET GREENSBORO NC 27401 061753756 A PUBLIC CHARITY 10000 0 GENERAL SUPPORT HIGH POINT AREA ARTS COUNCIL PO BOX 5526 HIGH POINT NC 27262 560751201 A PUBLIC CHARITY 33000 0 GENERAL SUPPORT PIEDMONT TRIAD PARTNERSHIP 416 GALLIMORE DAIRY ROAD GREENSBORO NC 27409 561750279 A PUBLIC CHARITY 25000 0 GENERAL SUPPORT UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS FOUNDATION 1533 SOUTH MAIN STREET WINSTON SALEM NC 27127 566064850 A PUBLIC CHARITY 25000 0 GENERAL SUPPORT ACTION GREENSBORO 317 SOUTH ELM STREET GREENSBORO NC 27401 562251250 A PUBLIC CHARITY 99667 AID FOR MONTLIEU ACADEMY OF TECHNOLOGY, COMPUTER PROJECT THROUGH BUSINESS FOR EXCELLENCE IN EDUCATION. CITY OF HIGH POINT COMMUNITY DEVELOPMENT AND HOUSING 211 S HAMILTON STREET HIGH POINT NC 27260 566000231 GOVERNMENT/CITY 125000 0 GENERAL SUPPORT 5 1 VARIOUS SCHOLARSHIPS & STUDENT AID 3258 23695581 0 FMV SchI_P01_S00_L02 Schedule I, Part I, Line 2 IN THE 2012/2013 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 653214 0 1000 0 674323 0 419000 0 27240 0 1774777 0 0 0 D ANDREW BILLS 206263 0 1500 0 1210 0 10833 0 25857 0 245663 0 0 0 DONALD SCARBOROUGH 145878 0 1500 0 1724 0 12000 0 11824 0 172926 0 0 0 DENNIS CARROLL 225489 0 1500 0 3031 0 18133 0 7390 0 255543 0 0 0 DENNY G BOLTON 183587 0 1500 0 3587 0 14800 0 4380 0 207854 0 0 0 CHRISTOPHER DUDLEY 205624 0 1500 0 780 0 17333 0 26496 0 251733 0 0 0 WELLINGTON DESOUZA 164658 0 1500 0 590 0 13307 0 7888 0 187943 0 0 0 GAIL TUTTLE 159162 0 1500 0 891 0 12880 0 8050 0 182483 0 0 0 BETH BRAXTON 133052 0 1500 0 451 0 7042 0 23235 0 165280 0 0 0 ROGER CLODFELTER 108333 0 1500 0 242 0 6313 0 0 0 116388 0 0 0 JACOB C MARTINSON 15339 0 0 0 20000 0 0 0 0 0 35339 0 0 0 SCOTT CHERRY 199630 0 1500 0 985 0 8742 0 25654 0 236511 0 0 0 DANIEL ERB 181223 0 1500 0 918 0 12993 0 27588 0 224222 0 0 0 CRAIG KEILITZ 140961 0 1500 0 621 0 11467 0 8584 0 163133 0 0 0 MARK TEAFORD 135905 0 1500 0 1351 0 10872 0 2321 0 151949 0 0 0 ERIC HEGEDUS 145798 0 1500 0 834 0 12483 0 25689 0 186304 0 0 0 SchJ_P01_S00_L01a 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. DUES TO A CLUB WERE PAID FOR A PORTION OF THE YEAR. THESE ITEMS WERE REPORTED AS TAXABLE INCOME ON DR. QUBEIN'S W-2. SchJ_P01_S00_L03 Schedule J, Part I, Line 3 AN INDEPENDENT CONSULTING FIRM WAS HIRED TO INITIALLY REVIEW THE COMPENSATION PACKAGE AND CONTINUES TO PROVIDE ONGOING GUIDANCE. SchJ_P01_S00_L04 Schedule J, Part I, Line 4 NIDO QUBEIN, PRESIDENT RECEIVED A CONTRIBUTION TO HIS 457F PLAN IN THE AMOUNT OF $399,000 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 0 0 9001865 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 SchK_P02_S00_L12 Schedule K, Part II, Line 12 As of the date of this return, the bond proceeds for capital expenditures from the 2012 issue had not been spent. The projects are currently underway and are projected to be spent by tax year 2014. THE BUDD GROUP THE BUDD GROUP CEO, JOSEPH BUDD, IS THE SON OF TRUSTEE RICHARD BUDD. 4864113 THE BUDD GROUP IS CONTRACTED TO PERFORM MAINTENANCE, GROUNDS KEEPING AND JANITORIAL SERVICES FOR HIGH POINT UNIVERSITY 0 CREATIVE SERVICES OWNERS OF CREATIVE SERVICES ARE THE CHILDREN OF NIDO QUBEIN, PRESIDENT. 1476500 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 BB&T NIDO QUBEIN, PRESIDENT, IS ON THE BOARD OF TRUSTEES OF BB&T. 6163904 HIGH POINT UNIVERSITY DOES BANKING AND HAS A LINE OF CREDIT WITH BB&T. 0 SOUTHEASTERN BUILDING SERVICES INC MIRIAM KIMSEY, TRUSTEE, IS THE VICE PRESIDENT OF SOUTHEASTERN BUILDING SERVICES INC. 385877 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. 247717 THIS 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 SchL_P04_S00_L00 Schedule L, Part IV High Point University obtains its insurance products from an independent third party; Hartford Life. However, one policy was brokered by The Perspective Group at Morgan Stanley. While no fees were paid directly from High Point University to this group, this group of financial advisors currently includes the son of a current High Point University Board of Trustees member who does not received any fees from these transactions. X 1 480000 APPRAISAL X 15 650000 DONOR APPRAISED VALUE X EQUIPMENT/SOFTWARE 1 22000 FMV 1 0 0 1 SchM_P01_S00_L32b 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. SchM_P01_S00_L33 Schedule M, Part I, Line 33 THE ORGANIZATION 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. F990_P06_S0A_L02 Form 990, Part VI, Section A, Line 2 BOARD OF TRUSTEE MEMBERS MARSHA AND JOHN SLANE ARE HUSBAND AND WIFE. BOARD OF TRUSTEE MEMBERS GENE AND BILL KESTER ARE BROTHERS. BOARD OF TRUSTEE MEMBERS JIM MILLIS AND MOLLY MILLIS-HEDGECOCK ARE BROTHER AND SISTER. F990_P06_S0B_L11b 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. F990_P06_S0B_L12c 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. F990_P06_S0B_L15 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. F990_P06_S0C_L19 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. F990_P09_S00_L11g Form 990, Part IX, Line 11g SERVICES RELATED TO OUR OUTSOURCED DINING CONTRACT WITH ARAMARK ARE INCLUDED IN OTHER SERVICES IN THE AMOUNT OF $10,153,537. SERVICES FROM BUDD GROUP ARE ALSO INCLUDED IN THE AMOUNT OF $2,629,814. WE ALSO HAVE VARIOUS OTHER PROFESSIONAL SERVICES OF $2,568,315 SHOWN IN THIS LINE ITEM. F990_P11_S00_L09 Form 990, Part XI, Line 9 CHANGE IN INTEREST RATE SWAP $1,751,175. 1924 HOLDINGS LLC 833 MONTLIEU AVENUE HIGH POINT NC 27262 900660924 RENTAL NC 2938792 9072677 HIGH POINT UNIVERSITY