2014-03-24T13:52:03-05:00 2013-05-31 540504608 BROWN EDWARDS & COMPANY LLP 319 MCCLANAHAN ST ROANOKE VA 24014 990 2012-06-01 560686603 NORTH CAROLINA WESLEYAN COLLEGE INC NORT 2529855100 3400 NORTH WESLEYAN BLVD ROCKY MOUNT NC 278048699 JASON EDWARDS 2529855100 2014-03-19 1 MARK WOOLWINE P00647446 5403450936 2012 2015-11-30 17:44:51Z JASON EDWARDS 3400 N WESLEYAN BLVD ROCKY MOUNT NC 278048677 33123387 0 X WWW.NCWC.EDU X 1956 NC TO PREPARE STUDENTS FOR PROFESSIONAL ADVANCEMENT, LIFE-LONG LEARNING, AND RESPONSIBLE PARTICIPATION IN THEIR COMMUNITIES. 28 28 726 0 234429 -41362 2729639 4358917 25938957 27348898 913637 621079 93942 234429 29676175 32563323 8188789 7779048 0 0 10488388 10899168 0 0 287989 10340368 10342577 29017545 29020793 658630 3542530 41316945 46176421 9921447 10208644 31395498 35967777 NORTH CAROLINA WESLEYAN COLLEGE, A PRIVATE INSTITUTION AFFILIATED WITH THE UNITED METHODIST CHURCH, PREPARES STUDENTS FOR PROFESSIONAL ADVANCEMENT, LIFE-LONG LEARNING, AND RESPONSIBLE PARTICIPATION IN THEIR COMMUNITIES. 0 0 24029889 7779048 27288164 INSTRUCTIONAL SERVICES TO COLLEGE STUDENTS 301662 PUBLIC SERVICE - OPERATED THE DUNN CENTER FOR THE PERFORMING ARTS, OPEN TO THE COMMUNITY AND EASTERN NORTH CAROLINA 24331551 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 1 61 0 1 726 1 1 1 0 0 0 0 0 0 0 0 0 X 28 28 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X JASON EDWARDS 2529855100 3400 N WESLEYAN BLVD ROCKY MOUNT NC 278048699 MR THOMAS A BETTS JR 5.00 X 0 0 0 MS JUDITH K BOYD 5.00 X 0 0 0 MR DEWEY G CLARK 5.00 X 0 0 0 MRS JULIA CONGLETON-BRYANT 5.00 X 0 0 0 MS PHYLLIS S COWELL 5.00 X 0 0 0 DR DANIEL L CROCKER 5.00 X 0 0 0 MR JAMES R DICKENS SR 5.00 X 0 0 0 MR CHRISTOPHER S DAVIS 5.00 X 0 0 0 HONORABLE ROBERT A EVANS 5.00 X 0 0 0 MR MICHAEL H HANCOCK 5.00 X 0 0 0 DR JOHN D HARTNESS 5.00 X 0 0 0 MRS VEL H JOHNSON 5.00 X 0 0 0 REVEREND RANDY INNES 5.00 X 0 0 0 MR WILLIAM H KINCHELOE 5.00 X 0 0 0 MR WILL H LASSITER III 5.00 X 0 0 0 MR HOWARD N LEE 5.00 X 0 0 0 NANA A MAH'MOUD ESQ 5.00 X 0 0 0 MR JOSEPH H NELSON 5.00 X 0 0 0 MR LLOYD E NELSON 5.00 X 0 0 0 MR DAVID OETTINGER JR 5.00 X 0 0 0 MR MARVIN PITTMAN 5.00 X 0 0 0 DR WILLIAM B PITTMAN 5.00 X 0 0 0 GENERAL H HUGH SHELTON 5.00 X 0 0 0 MR A DONALD STALLINGS 5.00 X 0 0 0 MS DONNA F SYLVER 5.00 X 0 0 0 MR ROGER G TAYLOR 5.00 X 0 0 0 DR ROBERT E ZIPF JR 5.00 X 0 0 0 MR F MARION BARNES 5.00 X 0 0 0 MR JAMES A GRAY III 40.00 X 206878 0 25970 MRS LOREN W LOOMIS HUBBELL 40.00 X 128224 0 27307 MR MICHAEL J PRATT 40.00 X 80205 0 5846 MR WILLIAM ALLEN 40.00 X 122011 0 26132 MR ROBERT J STUBBLEFIELD 40.00 X 57628 0 16839 MR RANDOLPH WILLIAMS 40.00 X 93785 0 31487 MR JOHN M THOMPSON 40.00 X 71185 0 24199 MR EVAN D DUFF 40.00 X 105845 0 25563 865761 0 183343 4 0 1 0 SODEXO INC & AFFILIATES 3400 N WESLEYAN BLVD ROCKY MOUNT NC 27804 FOOD SERVICE AND MAINTENANCE 2150906 DUKE REALTY LP 75 REMITTANCE DRIVE SUITE 3208 CHICAGO IL 606753205 RENT 480935 MBS DIRECT LLC 2711 WEST ASH COLUMBIA MO 65203 TEXTBOOKS 307034 CHAMBLISS & RABIL CONTRACTORS INC SUITE 10 STATION SQUARE ROCKY MOUNT NC 27804 CONTRACTOR 199159 VIABLE MEDIA SERVICES PO BOX 1214 NEW BERN NC 28563 MARKETING 192469 9 228904 4130013 881914 4358917 TUITION AND FEES 611310 22405932 22405932 AUXILIARY ENTERPRISES 611710 4308958 4308958 OTHER SOURCES 611710 634008 634008 27348898 512218 512218 115647 0 115647 115647 115647 668925 499330 60734 169595 -60734 108861 -60734 169595 CENTER FOR THE PERFORMING ARTS - 711300 118327 118327 CENTER FOR THE PERFORMING ARTS CO 711300 455 455 118782 32563323 27288164 234429 681813 7779048 7779048 1072104 526937 393523 151644 7779731 6870160 812962 96609 295491 236038 59453 1152218 881209 271009 599624 456341 143283 79856 79856 21662 21662 208072 151049 57023 291200 287513 3687 218962 198282 8457 12223 4229 4229 2836988 2610989 225999 557972 512864 43692 1416 267769 195471 72298 1457117 1141752 315365 243292 116708 126584 OTHER EXPENSES 1233487 727799 481719 23969 FOOD SERVICES 940122 940122 BAD DEBT EXPENSE 781767 781767 EQUIPMENT PURCHASE AND 359525 141681 217844 840557 557588 280841 2128 29020793 24331551 4401253 287989 408961 957589 1525747 2673968 1588082 3188863 1240741 1181579 1012617 1092754 116776 148326 213235 312944 45947720 18822354 26846719 27125366 7641696 8805988 39000 39000 683371 650044 41316945 46176421 2501647 2712543 425389 417439 3240000 2775000 3195624 3747410 558787 556252 9921447 10208644 X 22568413 23779000 2889426 6031808 5937659 6156969 31395498 35967777 41316945 46176421 3542530 1029749 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 9310651 188921 1637738 548588 16746 10571976 9990617 225949 -325600 587152 -6837 9310651 8885832 100840 1444180 473886 -33651 9990617 7451953 266273 1148916 257029 -275719 8885832 9019106 558081 -1593497 359742 171995 7451953 0.16200 0.58200 0.25600 1 0 191448 191448 27829710 6338517 21491193 12113434 8555553 3557881 5813128 3928284 1884844 27125366 U.S. GOVERNMENT FUNDS 495818 AGENCY FUNDS 60434 556252 X 25792362 1029749 1029749 24762613 21662 7779048 7800710 32563323 21220083 0 21220083 21662 7779048 7800710 29020793 PART III, LINE 4: NORTH CAROLINA WESLEYAN COLLEGE IS A LOCAL AND REGIONAL CENTER FOR THE PERFORMING, VISUAL, AND LITERARY ARTS. THE MIMS ART GALLERY, THE LYNCH COLLECTION, AND THE FOUR SISTERS GALLERY ARE LOCATED ON THE COLLEGE CAMPUS. THE BRASWELL MEMORIAL LIBRARY COLLECTION IS LOCATED IN THE ROCKY MOUNT PUBLIC LIBRARY. THE GALLERIES ARE OPEN TO THE PUBLIC AND EXHIBIT PROFESSIONAL ART FROM AROUND THE WORLD, AROUND THE STATE, AND FROM WITHIN OUR OWN EASTERN CAROLINA COMMUNITY. THE COLLEGE STRIVES FOR INCLUSION AND QUALITY AND TO SERVE A DIVERSE COMMUNITY. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE COLLEGE'S ENDOWMENT IS MADE UP PRIMARILY OF ENDOWED SCHOLARSHIPS, DESIGNATED ENDOWMENTS AND GENERAL ENDOWMENTS ESTABLISHED FOR GENERAL COLLEGE SUPPORT PURPOSES USING DONOR-RESTRICTED GIFTS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: AS OF MAY 31, 2013 AND 2012, AND FOR THE YEARS THEN ENDED, THERE ARE NO MATERIAL UNRECOGNIZED/DERECOGNIZED TAX BENEFITS OR TAX PENALTIES OR INTEREST. WITH FEW EXCEPTIONS, THE COLLEGE IS NO LONGER SUBJECT TO U.S. FEDERAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2009 AND NORTH CAROLINA INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2006. THE COLLEGE IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE COLLEGE FILES INCOME TAX RETURNS IN TEH U.S. FEDERAL JURISDICTION AND NORTH CAROLINA. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCES 7,779,048. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCES 7,779,048. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE COLLEGE'S NON-DISCRIMINATION POLICY IS ON THE WEBSITE, IN ADMISSIONS' PRINTED MATERIALS, IN ADVERTISEMENTS FOR ADMISSIONS' OPEN HOUSES (NEWSPAPERS) AND IN ALL EMPLOYMENT ADVERTISING. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVED FEDERAL AND STATE GRANTS IN THE AMOUNT OF $1,376,723. 1 ENDOWED SCHOLARSHIPS 134 528935 FMV N/A FMV N/A SEOG 60 116271 FMV N/A GENERAL SCHOLARSHIPS 766 7133842 FMV N/A PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: GRANTS ARE MONITORED BY VARIOUS AREAS. FINANCIAL AID GRANTS ARE MONITORED BY THE FINANCIAL AID DIRECTOR TO ENSURE COMPLIANCE WITH ELIGIBILITY, SELECTION, AND DISTRIBUTION. DOCUMENTATION IS MAINTAINED AND AUDITED ANNUALLY. OTHER DEPARTMENT GRANTS ARE MONITORED BY THE RESPONSIBLE PARTY TO ENSURE THAT EXPENDITURES COMPLY WITH GRANT REQUIREMENTS AND ARE NOT DIVERTED FOR OTHER USES. THE NC BUDGET OFFICE REQUIRES PERIODIC REPORTING FOR ALL GRANTS. THE REPORTING IS COMPLETED BY THE RESPONSIBLE DEPARTMENT AND THEN ENTERED INTO THE STATE WEBSITE BY THE CONTROLLER ANNUALLY. X X 1 1 X X X 0 0 0 0 0 0 0 0 0 MR JAMES A GRAY III 191306 0 650 0 14922 0 11809 0 14161 0 232848 0 0 0 MRS LOREN W LOOMIS HUBBELL 125560 0 441 0 2223 0 7944 0 19363 0 155531 0 0 0 PART I, LINE 1A THE COLLEGE PROVIDES A RESIDENCE AND PAYS COMPENSATION TO THE PRESIDENT OF THE COLLEGE. THE RESIDENCE IS ON CAMPUS AND THE PRESIDENT IS REQUIRED TO LIVE AT THE RESIDENCE. DANIEL L CROCKER TRUSTEE 31 STUDENT HEALTH SERVICES 0 JAMES R DICKENS TRUSTEE 1696 PRINTING SERVICES 0 ROGER G TAYLOR TRUSTEE 0 THE COLLEGE PURCHASES INSURANCE THROUGH THE TRUSTEE WHO IS AN INSURANCE AGENT. THE COLLEGE DOES NOT KNOW THE AMOUNT OF COMMISSION MR. TAYLOR RECEIVES. 0 X 1 10000 DONOR VALUE X 1440 DONOR VALUE X 16 858717 NYSE VALUE-TRANSFER DATE X HOSPITALITY 3 1524 DONOR VALUE X OTHER 1 100 DONOR VALUE X ATHLETIC SUPPLIES 18 10133 DONOR VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 BEFORE THE 990 IS FILED IT IS POSTED ON THE SECURE TRUSTEE WEBSITE AND THE TRUSTEES ARE NOTIFIED OF ITS AVAILABILITY FOR THEIR REVIEW. IN THE NOTIFICATION, A PROCESS WILL BE DESCRIBED FOR TRUSTEES TO ASK QUESTIONS, MAKE COMMENTS, ETC. FOR EXAMPLE, THE NOTIFICATION MIGHT SAY THAT QUESTIONS AND COMMENTS SHOULD GO TO THE VICE PRESIDENT OF FINANCE AND THE CHAIR OF THE AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C THE COLLEGE WILL MONITOR THE POLICY FOR ANNUAL DISCLOSURE AND INVESTIGATE NON-REPORTING. THE COLLEGE WILL ALSO PERIODICALLY AUDIT SELECTED SELF-DISCLOSURES. PARTIES CAN REPORT VIOLATIONS THROUGH THE WHISTLE BLOWER POLICY MECHANISM. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE REVIEWS AND RECOMMENDS THE PRESIDENT'S SALARY BASED UPON ANNUAL GOAL SETTING AND PERFORMANCE EVALUATION, AS SET FORTH IN THE BY-LAWS, AND COMPARABLE SALARIES. THE FULL BOARD APPROVES THE COMPENSATION PACKAGE. FORM 990, PART VI, SECTION C, LINE 19 REQUESTS MADE IN PERSON WILL BE HONORED WITHIN FIVE BUSINESS DAYS. REQUESTS IN WRITING WILL BE MADE AVAILABLE WITHIN THIRTY DAYS. THE COLLEGE MAY CHOOSE TO APPLY PROCESSING CHARGES AND/OR MAILING FEES IF THE REQUESTING PARTY DOES NOT WANT TO REVIEW THE DOCUMENTS ON SITE. FORM 990, PART XII, LINE 2C THE AUDIT COMMITTEE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. DUE TO TURNOVER IN KEY FINANCIAL MANAGEMENT POSITIONS, THE COLLEGE FAILED TO REQUEST AN ADDITIONAL EXTENSION OF TIME TO FILE. ONCE THE OVERSIGHT WAS DISCOVERED, EVERY EFFORT WAS MADE TO FILE THE RETURN AS QUICKLY AS POSSIBLE.