2014-11-08T07:40:26-06:00 2014-05-31 420714325 MCGLADREY LLP 230 N ELM ST STE 1100 GREENSBORO NC 27401 990 2013-06-01 566049935 WINGATE UNIVERSITY WING 7042338000 PO BOX 159 WINGATE NC 28174 WILLIAM H DURHAM VP FOR BUSINESS, CFO 7042338000 2014-10-21 1 ADRIENNE MCKINNEY P00819656 3362724551 2013 2015-11-30 17:44:51Z DR JERRY E MCGEE PO BOX 159 WINGATE NC 28174 116537454 0 X WWW.WINGATE.EDU X 1896 NC A COMPREHENSIVE EDUCATIONAL INSTITUTION OFFERING BACCALAUREATE, MASTERS, AND DOCTORAL DEGREES. 50 50 1360 0 -316256 -316256 4792986 8160562 67539596 79342379 2205623 1838845 1698705 2340651 76236910 91682437 23392849 27999443 0 0 29024980 32810288 0 0 1084288 20356278 23828938 72774107 84638669 3462803 7043768 135815115 143338235 26107969 23667639 109707146 119670596 THE MISSION OF WINGATE UNIVERSITY IS TO DEVELOP EDUCATED, ETHICAL, AND PRODUCTIVE CITIZENS AT HOME AND ABROAD. FOLLOWING ITS JUDEO-CHRISTIAN HERITAGE, THE UNIVERSITY SEEKS TO CULTIVATE THE FOLLOWING IN ITS STUDENTS: KNOWLEDGE, FAITH, AND SERVICE. 0 0 67246087 27999443 81636636 WINGATE UNIVERSITY SERVES STUDENTS ON THREE CAMPUSES IN WINGATE, MATTHEWS AND HENDERSONVILLE, NC. THE UNIVERSITY OFFERS 34 UNDERGRADUATE MAJORS, 38 MINORS AND CAREER CONCENTRATIONS, NUMEROUS PRE-PROFESSIONAL PROGRAMS, GRADUATE DEGREES IN BUSINESS, ACCOUNTING, EDUCATION, PHYSICIAN ASSISTANT STUDIES AND SPORT ADMINISTRATION, AND DOCTORATES IN PHARMACY, PHYSICAL THERAPY AND EDUCATION. DURING THE FISCAL YEAR ENDED MAY 31, 2014, FALL STUDENT ENROLLMENT WAS 3,002 AND SPRING STUDENT ENROLLMENT WAS 2,801. THE TOTAL NUMBER OF GRADUATES WAS 618. FINANCIAL AID WAS RECEIVED BY 2,751 STUDENTS. SCHOLARSHIPS WERE GRANTED TO 2,162 STUDENTS. 67246087 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 1 1 0 1 0 1 0 1 0 0 0 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 1 201 0 1360 1 1 1 0 0 0 0 0 0 0 0 0 X 50 50 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X WILLIAM H DURHAM 7042338000 PO BOX 159 WINGATE NC 28174 CALEB H BARNHARDT TRUSTEE 0.50 X 0 0 0 EVELYN W BINGHAM TRUSTEE 0.50 X 0 0 0 DR RUSSELL W BOOKER TRUSTEE 0.50 X 0 0 0 GEORGE C BOWER JR TRUSTEE 0.50 X 0 0 0 REBECCA BULLARD TRUSTEE 0.50 X 0 0 0 PORTER B BYRUM TRUSTEE 0.50 X 0 0 0 G FRANK CAGLE TRUSTEE 0.50 X 0 0 0 LARRY W CARROLL TRUSTEE 0.50 X 0 0 0 ARNOLD J CULBRETH JR TRUSTEE 0.10 X 0 0 0 DANNY K DAVIS TRUSTEE 0.50 X 0 0 0 CC DICKSON JR TRUSTEE 0.50 X 0 0 0 J EDWIN DREW TRUSTEE 0.50 X 0 0 0 ELONA L EDWARDS ASST SECRETARY, TRUSTEE 0.50 X X 0 0 0 JIM FURMAN TRUSTEE 0.50 X 0 0 0 MEREDITH O GALVIN TRUSTEE 0.50 X 0 0 0 HENRY GAYE TRUSTEE 0.50 X 0 0 0 AGNES B GOLDSTON TRUSTEE 0.50 X 0 0 0 H CLARK GOODWIN TRUSTEE 0.50 X 0 0 0 WILLIAM F HARRIS SECRETARY, TRUSTEE 0.50 X X 0 0 0 WILLIAM H HELMS TRUSTEE 0.50 X 0 0 0 CLIFFORD E HEMINGWAY JR TRUSTEE 0.50 X 0 0 0 DON HILL TRUSTEE 0.50 X 0 0 0 CHARLES HOWARD TRUSTEE 0.50 X 0 0 0 JOSEPH C HUNTER TRUSTEE 0.50 X 0 0 0 THOMAS J KEAN TRUSTEE 0.50 X 0 0 0 H JOE KING JR TRUSTEE 0.50 X 0 0 0 JOHN A KING II TRUSTEE 0.50 X 0 0 0 THOMAS J KOONTZ MD TRUSTEE 0.50 X 0 0 0 JACK C LAIL TRUSTEE 0.50 X 0 0 0 LAZELLE MARKS TRUSTEE 0.50 X 0 0 0 JAMES MASON TRUSTEE 0.50 X 0 0 0 WILLIAM MAST TRUSTEE 0.50 X 0 0 0 DURAN G MCDONALD TRUSTEE 0.50 X 0 0 0 LUTHER T MOORE VICE CHAIR, TRUSTEE 0.50 X X 0 0 0 JOSEPH H PATTERSON CHAIR, TRUSTEE 0.50 X X 0 0 0 PATRICK PHILMON TRUSTEE 0.50 X 0 0 0 B PARTHENIA RICHARDSON TRUSTEE 0.50 X 0 0 0 CLAUDIA S ROBINETTE TRUSTEE 0.50 X 0 0 0 JIMMY K STEGALL TRUSTEE 0.50 X 0 0 0 WH SWAN TRUSTEE 0.50 X 0 0 0 DONALD C TAFT TRUSTEE 0.50 X 0 0 0 EVELYN V TAYLOR TRUSTEE 0.50 X 0 0 0 JOHNNY TILLETT TRUSTEE 0.50 X 0 0 0 DEIDRE VICK TRUSTEE 0.50 X 0 0 0 JARVIS A WARREN TRUSTEE 0.50 X 0 0 0 WP WATSON TRUSTEE 0.50 X 0 0 0 SAMUEL K WELBORN JR TRUSTEE 0.50 X 0 0 0 EDWARD L WEST TRUSTEE 0.50 X 0 0 0 THOMAS E WILLIAMS TRUSTEE 0.50 X 0 0 0 C THOMAS WILSON TRUSTEE 0.50 X 0 0 0 JAMES C WILSON JR TRUSTEE 0.50 X 0 0 0 DR MARTHA S ASTI VP FOR ACADEMIC AFFAIRS 40.00 X 135509 0 22550 T RHETT BROWN VP FOR STUDENT LIFE & ENRO 40.00 X 128832 0 20324 WILLIAM H DURHAM VP FOR BUSINESS, CFO 40.00 X 152279 0 23190 JERRY E MCGEE PRESIDENT 40.00 X 571701 0 30551 ROBERT STEPHEN POSTON VP ATHLETIC DIRECTOR 40.00 X 115951 0 12502 ROBERT B SUPERNAW VP FOR GRAD & PROF STUDIES 40.00 X 249993 0 31638 VINCENT TILSON VP FOR RESOURCE DEVELOPMEN 40.00 X 128141 0 13477 SCOTTY E HUNSUCKER VP OPERATIONS 40.00 X 97717 0 15097 GREGORY ALSTON ASSOC PROF-SCH OF PHARM 40.00 X 127067 0 13739 CAROLYN FORD PROF-SCHOOL OF PHARMACY 40.00 X 140176 0 15305 TRACY S HUNTER PROF-SCHOOL OF PHARMACY 40.00 X 131242 0 25755 MICHAEL L MANOLAKIS ASSOC PROF-SCHOOL OF PHARMACY 40.00 X 120254 0 24896 SAMIR A KOUZI PROF-SCHOOL OF PHARM 40.00 X 127776 0 23381 KEVIN E BRUEILLY DIRECTOR PHYSICAL THERAPY 40.00 X 131118 0 21104 2357756 0 293509 13 0 1 0 ARAMARK SERVICES INC PO BOX 198532 ATLANTA GA 30384 FOOD SERVICE 4123738 ROYALL & COMPANY 1920 E PARHAM ROAD RICHMOND VA 23228 STUDENT SEARCH 772904 HINSON ELECTRIC INC 2200 STAFFORD ST EXT MONROE NC 28110 ELECTRICAL WIRING 636304 BONITZ CONTRACTING PO BOX 82 COLUMBIA SC 29202 CONSTRUCTION 456355 T & C FOOTINGS 2302 LANCASTER HIGHWAY MONROE NC 28112 CONSTRUCTION 370672 19 176865 7983697 1650726 8160562 TUITION AND FEES 611310 63135161 63135161 HOUSING 611310 14675164 14675164 BOOKSTORE REVENUE 611310 1404176 1404176 FOOD SERVICE REVENUE 611310 127878 127878 79342379 1404339 1404339 392700 0 392700 392700 392700 25176191 80317 24707614 114388 468577 -34071 434506 434506 2965 176865 33015 -30050 -30050 ATHLETIC INCOME 611310 93880 93880 VEHICLE INCOME 611310 14620 14620 NEWSPAPER 511110 -3490 -3490 1872991 2185757 -312766 1978001 91682437 81636636 -316256 2201495 27999443 27999443 1564602 624553 816882 123167 24239641 20811566 3030863 397212 1296671 1037337 207467 51867 3909397 3127518 625504 156375 1799977 1439982 287996 71999 91235 91235 82100 82100 197672 197672 170495 15767 154728 479748 479748 2045865 925902 1119963 1686905 1563787 41478 81640 224674 224674 4601758 4601758 221302 221302 ALL OTHER 6264722 4283543 1779151 202028 FOOD SERVICE 3500411 3500411 PLANT ADMINISTRATION 2345773 2345773 GRADUATE AND PROFESSION 1916278 1916278 84638669 67246087 16308294 1084288 -33732 -60183 8087700 6260559 4715877 5327643 956765 1124355 526125 844936 341414 489204 128780164 49001139 76559193 79779025 42635184 47613512 1283646 1129538 742943 829646 135815115 143338235 3029565 4596868 3075930 3444458 18472833 14472833 1529641 1153480 26107969 23667639 X 77078342 73196496 10962103 23094688 21666701 23379412 109707146 119670596 135815115 143338235 X 7043768 2804472 115210 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 43936492 1769145 4220720 932161 101615 48892581 38307472 1033670 5673976 986075 92551 43936492 28471495 11311161 -660306 733930 80948 38307472 24710442 394151 3977544 524020 86622 28471495 22403555 397046 2733416 823575 24710442 0.15620 0.48780 0.35600 0 0 14413 4920602 4935015 100908168 33500391 67407777 464460 277845 186615 20614510 14475211 6139299 1858011 747692 1110319 79779025 CAPITAL LEASE OBLIGATIONS 528833 INTEREST RATE SWAP AGREEMENT 624647 1153480 X 67199493 2804472 -27833526 -25029054 92228547 197672 -743782 -546110 91682437 57185336 743782 743782 56441554 197672 27999443 28197115 84638669 PART IV, LINE 2B: CUSTODIAL ACCOUNT RESPONSIBILITY ON LINE 21 RELATES TO STUDENT AND STUDENT ORGANIZATION DEPOSITS. PART V, LINE 4: ENDOWMENT FUNDS ARE USED AS DIRECTED BY DONOR STIPULATION AND APPLICABLE LAWS. THESE RESOURCES FUND SCHOLARSHIPS AND GRANTS, PLANT FACILITIES, AND OTHER PROGRAMS AND INITIATIVES THAT FURTHER THE VISION AND MISSION OF THE UNIVERSITY. PART X, LINE 2: MANAGEMENT EVALUATED THE UNIVERSITY'S TAX POSITIONS AND CONCLUDED THAT THE UNIVERSITY HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THE INCOME TAXES TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ACCOUNTING STANDARDS CODIFICATION ("FASB ASC"). PART XI, LINE 2D - OTHER ADJUSTMENTS: WINGATE UNIVERSITY FOUNDATION REVENUES INCLUDED IN CONSOLIDATION 50,707. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -51,294. RECLASSIFICATION OF INSTITUTIONAL AND STATE CONTRACTUAL GRANTS -27,999,443. GAIN ON INTEREST RATE SWAP AGREEMENTS 166,504. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASSIFICATION OF FUNDRAISING EVENT EXPENSES -33,015. RECLASSIFICATION OF UBI EXPENSES -710,767. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASSIFICATION OF FUNDRAISING EVENT EXPENSES 33,015. RECLASSIFICATION OF UBI EXPENSES 710,767. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASSIFICATION OF INSTITUTIONAL AND STATE CONTRACTUAL GRANTS 27,999,443. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 6 TO FURTHER EDUCATIONAL MISSIONS, WINGATE UNIVERSITY RECEIVES FINANCIAL AID AND ASSISTANCE FROM VARIOUS FEDERAL AND STATE PROGRAMS IN SUPPORT OF ITS STUDENTS. 0 EUROPE (INCLUDING ICELAND & GREENLAND) - 155 STUDY ABROAD PROGRAM STUDY ABROAD PROGRAM 440000 CENTRAL AMERICA AND THE CARIBBEAN - 18 STUDY ABROAD PROGRAM STUDY ABROAD PROGRAM 50000 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 24 STUDY ABROAD PROGRAM STUDY ABROAD PROGRAM 95000 EAST ASIA AND THE PACIFIC - BRUNEI, BURMA, CAMBODIA, 28 STUDY ABROAD PROGRAM STUDY ABROAD PROGRAM 79000 AUSTRALIA/NEW ZELAND 3 STUDY ABROAD PROGRAM STUDY ABROAD PROGRAM 20000 AFRICA 32 STUDY ABROAD PROGRAM STUDY ABROAD PROGRAM 64000 0 260 0 0 0 260 748000 0 748000 CASH GRANT AUSTRALIA/NEW ZELAND 2 3250 TRAVEL COMMITTEE APPROVAL NEED AND ACADEMIC BASED QUALIFICATION CASH GRANT AFRICA 7 4250 TRAVEL COMMITTEE APPROVAL NEED AND ACADEMIC BASED QUALIFICATION CASH GRANT COSTA RICA 6 8750 TRAVEL COMMITTEE APPROVAL NEED AND ACADEMIC BASED QUALIFICATION 0 0 0 0 0 0 PART I, LINE 2: ELIGIBILITY FOR STUDY ABROAD SCHOLARSHIPS AND GRANTS IS DETERMINED EACH SEMESTER BASED UPON THE RESULTS OF THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) AND ACADEMIC STANDING. THE FINANCIAL PLANNING DEPARTMENT AND TRAVEL COMMITTEE VERIFY SATISFACTORY ACADEMIC PROGRESS AND DETERMINE NEED BEFORE SCHOLARSHIPS AND GRANTS ARE DISTRIBUTED. PART I, LINE 3: COST OF PROGRAM X X X X X X DAY FOR WINGATE 126930 126930 8748 GOLF TOURNAMENT 52900 49935 2965 6204 15400 2663 179830 176865 2965 6204 15400 11411 33015 -30050 1 ENDOWED SCHOLARSHIPS 637 932110 RESTRICTED ANNUAL SCHOLARSHIPS 190 514960 ATHLETIC SCHOLARSHIPS 398 3406014 ACADEMIC SCHOLARSHIPS 2001 22016668 NEED BASED SCHOLARSHIPS 532 1129691 PART I, LINE 2: ELIGIBILITY FOR NEED-BASED SCHOLARSHIPS AND GRANTS IS DETERMINED ANNUALLY BASED UPON THE RESULTS OF THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA). ACADEMIC SCHOLARSHIPS ARE AWARDED UPON ENROLLMENT AND ELIGIBILITY IS FOR THE EIGHT SEMESTERS. AT THE END OF EACH SEMESTER, THE FINANCIAL PLANNING DEPARTMENT VERIFIES SATISFACTORY ACADEMIC PROGRESS HAS BEEN MAINTAINED IN ORDER TO DETERMINE CONTINUATION OF ALL SCHOLARSHIPS. X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 DR MARTHA S ASTI VP FOR ACADEMIC AFFAIRS 126451 0 8000 0 1058 0 10520 0 12030 0 158059 0 0 0 WILLIAM H DURHAM VP FOR BUSINESS, CFO 133564 0 10000 0 8715 0 11147 0 12043 0 175469 0 0 0 JERRY E MCGEE PRESIDENT 323404 0 200000 0 48297 0 26000 0 4551 0 602252 0 0 0 ROBERT B SUPERNAW VP FOR GRAD & PROF STUDIES 237851 0 10000 0 2142 0 19432 0 12206 0 281631 0 0 0 CAROLYN FORD PROF-SCHOOL OF PHARMACY 140176 0 0 0 0 0 11291 0 4014 0 155481 0 0 0 TRACY S HUNTER PROF-SCHOOL OF PHARMACY 131242 0 0 0 0 0 10244 0 15511 0 156997 0 0 0 SAMIR A KOUZI PROF-SCHOOL OF PHARM 127776 0 0 0 0 0 10626 0 12755 0 151157 0 0 0 KEVIN E BRUEILLY DIRECTOR PHYSICAL THERAPY 131118 0 0 0 0 0 10772 0 10332 0 152222 0 0 0 PART I, LINE 1A DR. JERRY E. MCGEE, PRESIDENT, HAS A HOUSING ALLOWANCE OF $43,800 INCLUDED IN HIS REPORTABLE COMPENSATION. 0 CC DICKSON COMPANY OWNER C.C. DICKSON JR. IS UNIVERSITY TRUSTEE 34518 PURCHASE OF MAINTENANCE SUPPLIES IN NORMAL COURSE OF BUSINESS 0 X 28393 DONOR STATED X 9 81146 SELLING PRICE X 3 972300 EXPERT OPINION X 1 2019 DONOR STATED X 1 15502 DONOR STATED X SOFTWARE 4 520558 INVOICE COST X NEWSPAPER 1 68000 DONOR STATED X GOLF CLUB FEE 1 15400 DONOR STATED X PHOTOGRAPHY 1 7551 INVOICE COST 0 1 1 PART I, LINE 32B: THE UNIVERSITY USES A REALTOR TO ASSIST IN SELLING CONTRIBUTED REAL PROPERTY. FORM 990, PART VI, SECTION B, LINE 11 THE 990 IS REVIEWED BY THE AUDIT COMMITTEE PRIOR TO SUBMISSION. THE 990 IS THEN PRESENTED AND DISCUSSED IN A MEETING OF THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY COVERS ALL TRUSTEES AND KEY EMPLOYEES. EACH PERSON INFORMS WINGATE OF ANY POSSIBLE CONFLICT ON THE FORM THEY SIGN. THE CONFLICT OF INTEREST POLICY APPLIES ON MAJOR CONTRACTUAL ARRANGEMENTS WHERE OFFICERS, TRUSTEES, OR KEY EMPLOYEES HAVE AN INTEREST; TOTAL DISCLOSURE TO DECISION MAKER IS MADE. THE AFFECTED INDIVIDUAL RECUSES HIM/HERSELF FROM PARTICIPATING IN DISCUSSION AND VOTING ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE ADVISORY COMMITTEE OF THE BOARD OF TRUSTEES ("EAC") CONTRACTED WITH AN EXECUTIVE COMPENSATION CONSULTANT TO CONDUCT A COMPREHENSIVE EXECUTIVE COMPENSATION STUDY. THE CONSULTANT COMPARED THE EXECUTIVE SALARIES OF A PEER GROUP OF TEN (10) UNIVERSITIES IN NORTH CAROLINA, SOUTH CAROLINA, AND TENNESSEE WITH THOSE AT WINGATE UNIVERSITY. THE CONSULTANT SUBMITTED THE DATA AND ASSESSMENT TO THE EAC. THE ASSESSMENT CONCLUDED THAT THE COMPENSATION FOR THE PRESIDENT AND PRESIDENT'S CABINET WAS CONSISTENT WITH THE PEER GROUP, AS WELL AS APPROPRIATE IN THE CONTEXT OF MARKET CONDITIONS FOR HIGHER EDUCATION IN THE CAROLINAS. ON THE BASIS OF THESE FINDINGS, EAC MADE COMPENSATION RECOMMENDATIONS TO THE BOARD OF TRUSTEES' EXECUTIVE COMMITTEE, WHICH APPROVED THE RECOMMENDATIONS. THE COMPENSATION RECOMMENDATIONS WERE THEN SUBMITTED TO THE ENTIRE BOARD OF TRUSTEES, WHERE THE RECOMMENDATIONS WERE APPROVED AND IMPLEMENTED. FORM 990, PART VI, SECTION C, LINE 19 SUCH DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -51,294. GAIN ON INTEREST RATE SWAP AGREEMENTS 166,504. FORM 990, PART XI, LINE 2C, AUDIT COMMITTEE: THE AUDIT COMMITTEE'S PROCESS OF AUDIT EVALUATION HAS NOT CHANGED SINCE PRIOR YEAR. FORM 990, PART VII, SECTION A, COLUMN F THE ORGANIZATION, IN A FULL TRANSPARENCY POSTURE TO REPORTING, IS REPORTING ALL BENEFITS IN FULL IN COLUMN F, PART VII AND IS NOT APPLYING THE $10,000 PER ITEM EXCEPTION FOR CERTAIN BENEFITS. WINGATE UNIVERSITY FOUNDATION PO BOX 159 WINGATE NC 28174 561559907 ORGANIZED SOLELY FOR THE BENEFIT OF WINGATE UNIVERSITY NC 501(C)(3) LINE 11B, II WINGATE UNIVERSITY 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0