2014-05-12T10:54:12-05:00 2013-06-30 540504608 BROWN EDWARDS & COMPANY LLP 319 MCCLANAHAN ST ROANOKE VA 24014 990 2012-07-01 550357021 DAVIS & ELKINS COLLEGE DAVI 3046371250 100 CAMPUS DRIVE ELKINS WV 26241 GRETA J TROASTLE 3046371250 2014-05-06 1 MARK WOOLWINE P00647446 5403450936 2012 2015-11-30 17:44:51Z GRETA J TROASTLE 100 CAMPUS DRIVE ELKINS WV 26241 29977030 0 X WWW.DEWV.EDU X 1904 WV TO PREPARE AND INSPIRE STUDENTS FOR SUCCESS AND FOR THOUGHTFUL ENGAGEMENT IN THE WORLD. 30 29 866 10 102870 0 4903568 4711434 22096002 24389766 466721 642261 -22894 227717 27443397 29971178 8145233 9093804 0 0 11427912 12687288 0 0 824082 7127706 7171328 26700851 28952420 742546 1018758 59247193 61404927 13341609 12401410 45905584 49003517 TO PREPARE AND INSPIRE STUDENTS FOR SUCCESS AND FOR THOUGHTFUL ENGAGEMENT IN THE WORLD. 0 0 26496842 9093804 24512890 EDUCATION - PROVIDE HIGHER EDUCATION TO STUDENTS. 26496842 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 255 0 1 866 1 1 1 0 0 0 0 1 1 0 0 0 0 1 0 X 30 29 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X DR MICHAEL P MIHALYO JR PRESIDENT 3046371243 100 CAMPUS DRIVE ELKINS WV 262413996 DR G T BUCK SMITH 37.50 X X 0 0 10162 MS KAREN H BERNER 1.00 X 0 0 0 MRREGINALD OWENS SR 1.00 X 0 0 0 DR PHILLIP BUSSEY 1.00 X 0 0 0 MR CHARLES E HILL 1.00 X 0 0 0 MRS CARTER GILTINAN 1.00 X 0 0 0 MS DEBORAH J MADDEN 1.00 X 0 0 0 MR CLIFF J NEESE JR 1.00 X 0 0 0 THOMAS J MARTIN DDS 1.00 X 0 0 0 MR HENRY M MOORE 1.00 X 0 0 0 MRDONALD M ROBBINS 1.00 X 0 0 0 MR HENRY W STEINBRECHER 1.00 X 0 0 0 MR PAUL S STIRRUP 1.00 X 0 0 0 MR L NEWTON THOMAS JR 1.00 X 0 0 0 MR LEONARD J TIMMS JR 1.00 X 0 0 0 MR JOSEPH M WELLS III 1.00 X 0 0 0 MS JOYCE B ALLEN 1.00 X 0 0 0 MR JAMES BIALEK 1.00 X 0 0 0 MR ERIC J NILSEN 1.00 X 0 0 0 KIMBERLY M FARRY MD 1.00 X 0 0 0 MR PETER H DOUGHERTY 1.00 X 0 0 0 MS NANCY EVANS-BENNETT 1.00 X 0 0 0 RONALD A ROLLINS MD 1.00 X 0 0 0 MR WILLIAM S MOYER 1.00 X 0 0 0 MR JOHN H HARLING 1.00 X 0 0 0 DAVID A FARIS MD 1.00 X 0 0 0 MRWILLIAM H SUDBRINK 1.00 X 0 0 0 MS JUNE B MYLES 1.00 X 0 0 0 MR WILLIAM W NUTTALL 1.00 X 0 0 0 MR RICHARD C SEYBOLT 1.00 X 0 0 0 MR DAVID A RUTHERFORD 1.00 X 0 0 0 MS DOROTHY H WAMSLEY 1.00 X 0 0 0 MR D DRAKE DOWLER 1.00 X 0 0 0 MR ROBERT T GREGORY 1.00 X 0 0 0 MR BRUCE LEE KENNEDY II 1.00 X 0 0 0 MR JAMES S MCDONNELL III 1.00 X 0 0 0 MR GARY W NORTH 1.00 X 0 0 0 SCOTT D GODDARD 37.50 X 75000 0 19850 GRETA J TROASTLE 37.50 X 75000 0 8460 PATRICIA J SCHUMANN 37.50 X 63550 0 15618 KEVIN WILSON 37.50 X 140775 0 18350 JOSEPH ROIDT 37.50 X 72366 0 19587 DR MICHAEL MIHALYO 37.50 X 135472 0 11495 562163 0 103522 2 0 1 0 MARCH-WESTIN COMPANY INC 360 FRONTIER STREET MORGANTOWN WV 26505 CONSTRUCTION OF FACILITIES 614336 A DURER INC 104 LEEWAY STREET MORGANTOWN WV 26505 CONSTRUCTION OF FACILITIES 284138 INDEPENDENT COLLEGE ENTERPRISE 2300 MACCORKLE AVENUE SE CHARLESTON WV 25304 ACCOUNTING PROGRAM 138189 3 1656080 3055354 179630 4711434 TUITION AND FEES 611310 18730851 18730851 AUXILIARY ENTERPRISE REVENUE 611710 5658915 5556045 102870 24389766 296853 296853 345408 0 345408 345408 345408 7575 5852 1723 1723 OTHER INCOME 900099 165042 165042 OTHER INVESTMENT INCOME 900099 60952 60952 225994 29971178 24512890 102870 643984 9093804 9093804 904280 389376 284784 230120 8334278 7480958 600369 252951 2823552 2534458 192034 97060 625178 561168 39003 25007 5071 4552 519 78827 70756 8071 1626529 1459994 144560 21975 770113 691263 58457 20393 646509 580315 7783 58411 14227 12770 1239 218 1678865 1506971 126725 45169 CONTRACT SERVICES 1443860 1296028 147832 MISCELLANEOUS 444194 398714 45480 EQUIPMENT RENTAL AND MA 138104 123964 11793 2347 PRINTING & PUBLICATIONS 131866 118365 -25469 38970 193163 173386 -11684 31461 28952420 26496842 1631496 824082 101029 580320 7771384 4383080 1663638 1601054 735947 727771 73964 61521 59853873 33752496 25873090 26101377 11191213 14377093 1543760 2659523 10293168 10913188 59247193 61404927 2707429 1680545 721535 831089 108749 155591 9803896 9734185 13341609 12401410 X 17386098 19268056 6592235 8940427 21927251 20795034 45905584 49003517 59247193 61404927 X 1018758 1624059 455116 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 430046 X X 0 27525856 540126 2758215 176758 323925 2035860 28287654 27230431 386481 363036 151620 209976 309835 27525856 25002396 437493 1723131 388749 1567 66718 27230431 19208507 5156195 1173173 105698 346758 83023 25002396 21853953 181346 -2034608 147008 580674 64502 19208507 0.12170 0.73130 0.14700 1 0 1186994 1186994 47535546 25501565 22033981 8334885 7157850 1177035 2796448 1093081 1703367 26101377 FUNDS HELD IN TRUST BY OTHERS 1882256 DUE FROM OPERATING FUNDS 8576199 FUNDS DESIGNATED FOR INVESTMENT IN BUILDINGS & EQUIPMENT 454733 10913188 OBLIGATIONS UNDER SPLIT INTEREST AGREEMENTS 166915 RESTRICTED DEPOSITS HELD BY TRUSTEE 991071 DUE TO ENDOWMENT 8576199 9734185 X 22956549 1624059 455116 2079175 20877374 9093804 9093804 29971178 19858616 0 19858616 9093804 9093804 28952420 PART III, LINE 4: THE COLLEGE HAS RECEIVED A NUMBER OF WORKS OF ART, HISTORICAL TREASURES AND SIMILAR ITEMS AS GIFTS FROM DONORS. THESE ITEMS ARE HELD BY THE COLLEGE AS A COMPONENT OF ITS LAND, BUILDINGS AND EQUIPMENT AND USED FOR PUBLIC EXHIBITION AND PRESERVATION FOR FUTURE GENERATIONS. AMONG THE COLLEGE'S WORKS OF ART, HISTORICAL TREASURES AND SIMILAR ASSETS ARE COLLECTIONS CONSISTING OF THE FOLLOWING ITEMS: EARLY AMERICAN AND CIVIL WAR ERA PERSONAL MILITARY ANTIQUES SUCH AS POWDER HORNS, RIFLES, PISTOLS, SABORS, UNIFORM ITEMS, ETC. NATIVE AMERICAN RELICS, ARTIFACTS AND WEAPONRY EARLY AMERICAN AND NATIVE AMERICAN PEWTER PRESIDENT LINCOLN BOOKS AND MEMORABILIA WEST VIRGINIA STATE BOOKS AND MEMORABILIA PAINTINGS BY VARIOUS ARTISTS WEST VIRGINIA BLUE BOOKS COLLECTION ARTHUR FOSTER CYPRIOT BRONZE AGE CERAMIC COLLECTION SWEENEY COLLECTION OF CERAMIC ARTIFACTS DATING FROM ANCIENT EGYPTIAN DYNASTY TO THE MEXICAN MAYAN CULTURE PATTY LOMAN COLLECTION OF TRADITIONAL MUSICAL INSTRUMENTS THESE WORKS OF ART, HISTORICAL TREASURES AND SIMILAR ITEMS SERVE TO ENHANCE THE COLLEGE'S LIBERAL ARTS EMPHASIS. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: TO GENERATE INCOME THROUGH INVESTMENT OF CORPUS THAT PROVIDES FOR FINANCIAL AID REWARDS TO STUDENTS BASED ON DONOR STIPULATIONS AND ASSISTANCE FOR OTHER PROGRAMS AND FACILITY OPERATION AS DETERMINED BY THE COLLEGE'S ADMINISTRATION IN ADHERENCE TO RESTRICTIONS, IF ANY, PLACED BY THE DONOR. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE COLLEGE IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FEDERAL FORM 990S OF THE COLLEGE ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE SPLIT INTEREST 455,116. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 9,093,804. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS & GRANTS 9,093,804. 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 DAVIS AND ELKINS COLLEGE IS COMMITTED TO ASSURING EQUAL OPPORTUNITY TO ALL PERSONS AND (AS REQUIRED BY TITLE IX OF THE EDUCATION AMENDMENT OF 1972, SECTION 504 OF THE ACT OF 1973 AND OTHER APPLICABLE STATUTES) DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, SEX, RELIGION, ANCESTRY, NATIONAL ORIGIN, AGE, SEXUAL ORIENTATION, OR HANDICAP IN ITS EDUCATIONAL PROGRAMS, ACTIVITIES, ADMISSIONS OR EMPLOYMENT PRACTICES. INQUIRIES CONCERNING TITLE IX AND/OR 504 COMPLIANCE SHOULD BE REFERRED TO THE COLLEGE TITLE IX COORDINATOR, DAVIS AND ELKINS COLLEGE, 100 CAMPUS DRIVE, ELKINS, WV 26241-3996, OR SECTION 504 COORDINATOR, DAVIS AND ELKINS COLLEGE, 100 CAMPUS DRIVE, ELKINS, WV 26241-3996. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES FEDERAL FINANCIAL AID IN THE FORM OF FEDERAL FAMILY EDUCATION LOANS, FEDERAL PERKINS LOANS, FEDERAL PELL GRANTS, FEDERAL SUPPLEMENTAL EDUCATION OPPORTUNITY GRANTS, FEDERAL WORK-STUDY, AND UPWARD BOUND GRANTS, MOST OF WHICH IS PASSED THROUGH TO STUDENTS. STUDENT FEDERAL AID GRANTS: FEDERAL WORK-STUDY PROGRAM $180,218; FSEOG $138,077; ACA PELL, FPERK, FSEOG, FWS $24,591 DIRECT FEDERAL PROGRAM GRANTS: TRIO - UPWARD BOUND RBT/P&P - US DEPARTMENT OF EDUCATION $657,522; TRIO - VETERANS UPWARD BOUND - US DEPARTMENT $314,314; TRIO - INDRECT COSTS $60,681; NEA HERITAGE PRESERVATION-FOLK & TRADITIONAL ARTS PROG $22,769 FEDERAL PASS-THROUGH GRANTS: USDA - US FOREST SERVICE RESEARCH PROJECT $10,132; WV HUMANITIES COUNCIL - SUMMER LECTURE SERIES $25,090 OTHER STATE FUNDED GRANTS $222,686; TOTAL GRANT MONIES $1,656,080 1 SCHOLARSHIPS AND DISCOUNTS 849 362489 8593238 AID SEOG 359 138077 GRANT PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: GRANTS ARE MONITORED BY THE BUSINESS OFFICE AND OTHER VARIOUS AREAS. FINANCIAL AID GRANTS ARE MONITORED BY THE FINANCIAL AID OFFICE TO ENSURE COMPLIANCE WITH ELIGIBILITY, SELECTION, AND DISTRIBUTION. DOCUMENTATION IS MAINTAINED AND AUDITED ANNUALLY. OTHER DEPARTMENT GRANTS ARE MONITORED BY THE DEPARTMENT CHAIR AND THE BUSINESS OFFICE TO ENSURE THAT EXPENDITURES COMPLY WITH GRANT REQUIREMENTS AND ARE NOT DIVERTED FOR OTHER USES. X 1 1 0 0 0 0 0 0 0 0 0 KEVIN WILSON 120000 0 0 0 20775 0 6000 0 12350 0 159125 0 0 0 PART I, LINE 1A THE COLLEGE PROVIDES THE PRESIDENT WITH HOUSING AND A VEHICLE. X 9 158228 AVE HIGH/LOW AT TRANSFER X 2005 INTL MODEL TRUCK 1 20100 DONOR VALUE X OFFICE SUPPLIES 2 114 DONOR VALUE X 2 STOVES 1 500 DONOR VALUE X CLOTHING 2 510 DONOR VALUE X MISCELLANEOUS ITEMS 3 88 DONOR VALUE X HOSPILATILY 1 90 DONOR VALUE 0 0 1 THIRD PARTY USE: PART I, LINE 32B: REAL ESTATE FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS SUBMITTED TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C ALL MEMBERS OF THE BOARD ARE EXPECTED TO AVOID CONFLICTS OF INTEREST RISING FROM THEIR PERSONAL AND BUSINESS AFFILIATIONS IN THEIR RESPONSIBILITY TO THE DAVIS & ELKINS COLLEGE BOARD. INDIVIDUALS WILL NOT BE CONSIDERED FOR BOARD MEMBERSHIP IF THERE IS AN OBVIOUS CONFLICT; HOWEVER, IF ISSUES ARISE DURING THE SERVICE OF A BOARD MEMBER, THE MEMBER SHALL RECUSE HIM OR HERSELF FROM ANY VOTE THAT WOULD REPRESENT A CONFLICT OF INTEREST. AT THE ANNUAL MEETING ALL BOARD MEMBERS ARE REQUESTED TO COMPLETE A CONFLICT OF INTEREST FORM. THIS SAME FORM IS FURNISHED TO ALL FACULTY AND SENIOR ADMINISTRATIVE PERSONNEL. UPON RECEIPT OF EXECUTED FORMS THE AUDIT COMMITTEE REVIEWS THE COMPLETED FORMS AND REPORTS THE RESULTS OF THIS REVIEW TO THE ENTIRE BOARD AT THE REGULAR MEETING OF THE BOARD IN OCTOBER. POSSIBLE REPORTED CONFLICTS ARE EXPLORED ON AN INDIVIDUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15A PRESIDENT'S COMPENSATION -HE OR SHE SHALL BE ELECTED BY THE BOARD, WITH COMPENSATION FIXED BY THE BOARD, AND SHALL HOLD OFFICE AT ITS WILL. THE ANNUAL BUDGET PROCESS, WHICH IS APPROVED BY THE BOARD AT ITS ANNUAL MEETING, THE JUNE MEETING, WOULD ESTABLISH THE COMPENSATION OF THE PRESIDENT FOR THE FUTURE FISCAL YEAR. FORM 990, PART VI, SECTION C, LINE 18 FORMS ARE AVAILABLE UPON REQUEST, NO FEE IS CHARGED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN VALUE SPLIT INTEREST 455,116.