2014-11-13T16:54:40-06:00 2014-06-30 205857627 NICHOLSON & COMPANY PLLC P O DRAWER 15099 HATTIESBURG MS 394045099 990 2013-07-01 640329300 WILLIAM CAREY UNIVERSITY WILL 6013186193 498 TUSCAN AVE BOX 2 HATTIESBURG MS 39401 GRANT GUTHRIE VP BUSINESS & CFO 6013186193 2014-11-13 1 SUSAN A RILEY CPA P00144776 6012643519 2014-11-11 2013 2015-11-30 17:44:51Z DR RAYMOND T KING 498 TUSCAN AVE BOX 2 HATTIESBURG MS 39401 82693678 0 X WMCAREY.EDU X 1892 MS AS A CHRISTIAN UNIVERSITY WHICH EMBRACES ITS BAPTIST HERITAGE AND NAMESAKE, WILLIAM CAREY UNIVERSITY PROVIDES QUALITY EDUCATIONAL PROGRAMS, WITHIN A CARING CHRISTIAN ACADEMIC COMMUNITY, WHICH CHALLENGE THE INDIVIDUAL STUDENT TO EXCEL IN SCHOLARSHIP, LEADERSHIP, AND SERVICE IN A DIVERSE GLOBAL SOCIETY. 24 24 1149 45 88569 71034 4270854 7264480 42957243 45790965 295959 696193 4050524 4076471 51574580 57828109 8502886 9217618 0 0 24660586 25515317 0 0 481414 13872716 15511936 47036188 50244871 4538392 7583238 114158287 121354476 40596743 39431467 73561544 81923009 X AS A CHRISTIAN UNIVERSITY WHICH EMBRACES ITS BAPTIST HERITAGE AND NAMESAKE, WILLIAM CAREY UNIVERSITY PROVIDES QUALITY EDUCATIONAL PROGRAMS, WITHIN A CARING CHRISTIAN ACADEMIC COMMUNITY, WHICH CHALLENGE THE INDIVIDUAL STUDENT TO EXCEL IN SCHOLARSHIP, LEADERSHIP, AND SERVICE IN A DIVERSE GLOBAL SOCIETY. 0 0 35287754 45790965 ACADEMIC PROGRAMSTHE UNIVERISTY MAINTAINS AN UNDERGRADUATE PROGRAM AND A GRADUATE PROGRAM AT THREE CAMPUSES. ENROLLMENT HAS GROWN TO OVER 4,000 STUDENTS. THE UNIVERSITY HAS A COMPREHENSIVE EDUCATION PROGRAM WHICH ENCOURAGES EACH STUDENT TO DEVELOP THE HIGHEST POTENTIAL POSSIBLE IN LIBERAL ARTS AND/OR PROFESSIONAL EDUCATION.INCLUDED IN THIS PROGRAM ARE INSTRUCTIONAL AND RESEARCH, COLLEGE OF OSTEOPATHIC MEDICINE, ACADEMIC SUPPORT, AND INSTITUTIONAL SUPPORT.STUDENT SERVICESSTUDENT SERVICES SUPPORT STUDENT LEARNING, CAREER SERVICES, DISABILITY SERVICES, RESIDENCE LIFE, STUDENT ACTIVITIES, STUDENT GOVERNMENT ASSOCIATION, SECURITY, TESTING, VOLUNTEER SERVICES, AND OTHER ASPECTS OF STUDENT LIFE.AUXILIARY ENTERPRISES INCLUDE DINING, HOUSING, AND ATHLETICS.AUXILIARY PROGRAMS PROVIDE HOUSING AND DINING SERVICES FOR THE STUDENTS WHO NEED OR WANT TO LIVE ON CAMPUS. THE ATHLETIC PROGRAMS ENCOURAGE LOYALTY TO THE UNIVERSITY AND A SENSE OF UNITY AMONG STUDENTS AND FACULTY. IN PROVIDING THESE PROGRAMS, THE UNIVERSITY ENCOURAGES THE USE STUDENT TALENT, WHICH ENHANCES THE LEARNING EXPERIENCES OF THE STUDENTS INVOLVED. 2335007 234072 212802 STUDENT SERVICESSTUDENT SERVICES SUPPORT STUDENT LEARNING, CAREER SERVICES, DISABILITY SERVICES, RESIDENCE LIFE, STUDENT ACTIVITIES, STUDENT GOVERNMENT ASSOCIATION, SECURITY, TESTING, VOLUNTEER SERVICES, AND OTHER ASPECTS OF STUDENT LIFE. 3351283 3415717 AUXILIARY ENTERPRISES INCLUDE DINING, HOUSING, AND ATHLETICS.AUXILIARY PROGRAMS PROVIDE HOUSING AND DINING SERVICES FOR THE STUDENTS WHO NEED OR WANT TO LIVE ON CAMPUS. THE ATHLETIC PROGRAMS ENCOURAGE LOYALTY TO THE UNIVERSITY AND A SENSE OF UNITY AMONG STUDENTS AND FACULTY. IN PROVIDING THESE PROGRAMS, THE UNIVERSITY ENCOURAGES THE EXERCISE OF STUDENT TALENT, WHICH ENHANCES THE LEARNING EXPERIENCES OF THE STUDENTS INVOLVED. 40974044 1 1 0 0 0 0 1 1 0 1 1 0 0 0 1 1 0 1 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 1 267 0 1 1149 1 1 1 0 0 0 1 1 1 1 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X GRANT GUTHRIE VP BUS AFF CFO 6013186193 498 TUSCAN AVEBOX 2 HATTIESBURG MS 39401 EMILY MOONEY TRUSTEE 1.00 X 0 0 0 DR JULIE PALMER TRUSTEE 1.00 X 0 0 0 DR HUGH DICKENS TRUSTEE 1.00 X 0 0 0 DR JOSEPH D FAIL TRUSTEE 1.00 X 0 0 0 DR LARUE STEPHENS CHAIRMAN, BOD 1.00 X X 0 0 0 MR ODEAN BUSBY TRUSTEE 1.00 X 0 0 0 MR JIM BRASWELL TRUSTEE 1.00 X 0 0 0 MR TED CANNON TRUSTEE 1.00 X 0 0 0 MR GLEN GALEY TRUSTEE 1.00 X 0 0 0 DR JERRY RANKIN TRUSTEE 1.00 X 0 0 0 DR ERIC LINDSTROM TRUSTEE 1.00 X 0 0 0 MR STAN BURTON TRUSTEE 1.00 X 0 0 0 MRS MONA STEWART TRUSTEE 1.00 X 0 0 0 MRS JOAN WARREN TRUSTEE 1.00 X 0 0 0 MR GARY GORDAN TRUSTEE 1.00 X 0 0 0 MR KERMIT MCGREGOR TRUSTEE 1.00 X 0 0 0 MS DORIS TULLOS TRUSTEE 1.00 X 0 0 0 MR JACK SIMMONS TRUSTEE 1.00 X 0 0 0 DR DAVID MILLICAN TRUSTEE 1.00 X 0 0 0 DR JULES EUSTICE TRUSTEE 1.00 X 0 0 0 HON CHARLES PICKERING SR VICE CHAIRMAN, BOD 1.00 X X 0 0 0 MR LEWIS MYRICK SR TRUSTEE 1.00 X 0 0 0 DR BRETT VALENTINE TRUSTEE 1.00 X 0 0 0 MRS ANN WILLIAMS TRUSTEE 1.00 X 0 0 0 GRANT GUTHRIE VP BUSINESS AFF 40.00 X 90391 0 12630 DR RAYMOND T KING PRESIDENT & CEO 40.00 X 227202 0 40651 DR SCOTT HUMMELL EXECUTIVE VP & PROVOST 40.00 X 109367 0 11279 DR GARRY BRELAND VP ACAD. AFF. & PROFESSOR OF PSYCHOLOGY & COUNSELI 40.00 X 100576 0 47470 JAMES M TURNER PROFESSOR OF SCI./DEAN OF COM 40.00 X 317883 0 13723 JOHN M JONES PROFESSOR OF CLINICAL SCIENCE & CHAIR, OSTEOPATHIC 40.00 X 228719 0 12067 BETH A LONGENECKER ASSIST. PROF. OF CLINICAL SCIENCES & ASSOC. DEAN 40.00 X 201960 0 6443 JUDY L CALDWELL ASSIST. PROF. OF CLINCIAL SCIENCES & CHAIR 40.00 X 198678 0 11155 DARRELL E LOVINS PROFESSOR OF CLINICAL SCIENCES 40.00 X 207721 0 17495 ITALO SUBBARAO ASSOC. PROFESSOR OF CLINICAL SCIENCES & ASSOC. DEA 40.00 X 193616 0 10831 1876113 0 183744 29 0 1 0 LARRY J SUMRALL CONTRACTORS INC PO BOX 4190 LAUREL MS 39440 CONSTRUCTION 4119236 BARNES & NOBLE 120 MOUNTAIN VIEW BLVD BASKING RIDGE NJ 07920 BOOKSTORE 1493414 MAC'S CONSTRUCTION COMPANY INC PO BOX 17017 HATTIESBURG MS 39404 CONSTRUCTION 1437947 MMI DINING SYSTEMS LLC 1000 RED FERN PLACE FLOWOOD MS 39232 FOOD SERVICE 1354968 LANDRY & LEWIS ARCHITECTS 5211 OLD HWY 11 HATTIESBURG MS 39402 ARCHITECTS 741669 18 87531 793644 6383305 303373 7264480 EDUCATION & GENERAL REVEN 611600 45707790 45707790 ADVERTISING 541800 83175 83175 45790965 467133 467133 25052278 937 24824155 0 228123 937 229060 229060 31853 87531 41414 -9561 -9561 AUXILIARY INCOME 900099 3415717 3415717 ENDOWMENT INCOME 900099 348434 348434 OTHER REVENUES 900099 321381 316487 4894 500 500 4086032 57828109 50484621 88569 -9561 9217618 9217618 2140921 1399728 554789 186404 19305945 16667900 2620767 17278 1060299 841551 209926 8822 1712170 1200916 485868 25386 1295982 1076442 198070 21470 830465 622849 207616 3343539 2507654 835885 INSTRUCTIONAL 2650082 2650082 INSTITUTIONAL SUPPORT 2633505 2411451 222054 AUXILIARIES 2396129 2396129 MAINTENANCE 2103523 1057077 1046446 1554693 1336098 218595 50244871 40974044 8789413 481414 13010947 17605811 3312406 2995857 454230 470112 127263 24433 107669593 34093378 68439684 73576215 27687359 25267578 1126398 1414470 114158287 121354476 3356527 2619899 36448719 36121546 791497 690022 40596743 39431467 X 60124031 65382460 2611539 2199224 10825974 14341325 73561544 81923009 114158287 121354476 7583238 566819 211408 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 X 1 9.00 0 0 0 1 0 80.00 1600 399133 X X X 0 10825974 2756685 1150467 391801 14341325 10381841 148746 645316 349929 10825974 9644098 466735 676436 405429 10381840 8843071 175259 1024932 399164 9644098 8020637 190969 1041524 410059 8843071 1.00000 0 1 1 64500 8107512 8172012 70493540 17267953 53225587 16493806 12943669 3550137 12510235 3881756 8628479 73576215 STUDENT DEPOSITS AND REFUNDS 690022 690022 X 58437175 584376 24690 609066 57828109 0 57828109 50259306 14435 14435 50244871 0 50244871 PART III, LINE 4: THE COLLECTION CONSISTS OF ART FROM THE LUCILLE PARKER COLLECTION AND THE SARAH GILLESPIE COLLECTION; RARE BOOKS, ARTIFACTS, ART, MANUSCRIPTS IN THE CENTER FOR THE STUDY OF THE LIFE AND WORK OF WILLIAM CAREY; AND RARE BOOKS, ARTIFACTS, FURNITURE, ART, AND MANUSCRIPTS FROM THE DICKINSON COLLECTION. THE ABOVE COLLECTIONS FURTHER WILLIAM CAREY UNIVERSITY'S MISSION AS AN EXEMPT ORGANIZATION BY PROVIDING RESOURCES FOR SCHOLARLY RESEARCH, PRESERVING ART FOR APPRECIATION AND STUDY IN AN EDUCATIONAL CONTEXT, AND GATHERING MATERIALS TOGETHER IN ORDER TO MAKE THEM AVAILABLE TO A BROADER COMMUNITY. PART X, LINE 2: FASB ASC 740, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAX POSITIONS AND RECOGNITION OF SUCH INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE UNIVERSITY'S INCOME TAX RETURNS. THE UNVIVERSITY'S INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. THE UNIVERSITY'S OPEN TAX PERIODS ARE 2012-2014. THE UNIVERSITY BELIEVES THEIR ESTIMATES ARE APPROPRIATE BASED ON CURRENT FACTS AND CIRCUMSTANCES AND THAT NO UNCERTAIN TAX POSITIONS WERE TAKEN. PART XI, LINE 2D - OTHER ADJUSTMENTS: WCU DEVELOPMENT FDN. INTEREST INCOME WCU DEVELOPMENT FDN. REALIZED GAIN PART XII, LINE 2D - OTHER ADJUSTMENTS: WCU DEVELOPMENT FOUNDATION EXPENSES WCU DEVELOPMENT FOUNDATION DISTRIBUTIONS 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY PUBLICIZES ITS NONDISCRIMINATORY POLICY TOWARD STUDENTS AT THE BEGINNING OF EACH SCHOOL YEAR. THIS ADVERTISEMENT IS PUBLISHED IN THE LARGEST NEWSPAPERS AT ALL THREE CAMPUS LOCATIONS. THE POLICY IS ALSO DISPLAYED ON THE WEBSITE. SCHEDULE E, PART I, LINE 6 SCHEDULE E, PAGE 1, #6A NATIONAL DIRECT STUDENT LOAN PELL GRANTS SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT COLLEGE WORK STUDY SPECIAL SERVICES GRANT X X X X X X X 0 GOLF TOURNAMENT 25595 11586 14009 13650 ROGER WICKER SS DINNER 76910 65600 11310 19243 2 16879 10345 6534 8521 119384 87531 31853 41414 41414 -9561 1 SCHOLARSHIPS FOR STUDENTS @WCU 2612 8568468 PART I, LINE 2: ALL SCHOLARSHIPS AND GRANTS ARE ADMINISTERED WITHIN THE GUIDELINES OF THE DEPARTMENT OF EDUCATION. WILLIAM CAREY UNIVERSITY'S FINANCIAL AID AND BUSINESS DEPARTMENTS MONITOR THE PROGRAMS TO ASSURE THAT THEY FOLLOW FEDERAL GUIDELINES. THE INDEPENDENT AUDITORS PERFORM AN AUDIT ON ALL FEDERAL PROGRAMS ANNUALLY. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 DR RAYMOND T KING PRESIDENT & CEO 224952 0 0 0 2250 0 15000 0 25651 0 267853 0 179766 0 JAMES M TURNER PROFESSOR OF SCI./DEAN OF COM 314205 0 0 0 3678 0 8406 0 5317 0 331606 0 199262 0 JOHN M JONES PROFESSOR OF CLINICAL SCIENCE & CHAI 225000 0 0 0 3719 0 6750 0 5317 0 240786 0 234459 0 BETH A LONGENECKER ASSIST. PROF. OF CLINICAL SCIENCES & 198333 0 0 0 3627 0 5800 0 643 0 208403 0 0 0 JUDY L CALDWELL ASSIST. PROF. OF CLINCIAL SCIENCES & 195000 0 0 0 3678 0 5850 0 5305 0 209833 0 189589 0 DARRELL E LOVINS PROFESSOR OF CLINICAL SCIENCES 204043 0 0 0 3678 0 12178 0 5317 0 225216 0 212920 0 ITALO SUBBARAO ASSOC. PROFESSOR OF CLINICAL SCIENCE 190000 0 0 0 3616 0 5550 0 5281 0 204447 0 0 0 PART I, LINE 1A EMPLOYEES WHO ARE ORDAINED MINISTERS QUALIFY FOR HOUSING ALLOWANCES. THE AMOUNT OF THE HOUSING ALLOWANCE IS INCLUDED IN PART VII, SECTION A, COLUMN F. THE HOUSING ALLOWANCE IS ALSO REPORTED ON THE W-2, BOX 14. THE FOLLOWING ORDAINED MINISTERS REPORTED IN PART VII, SECTION A, COLUMN F, RECEIVED HOUSING ALLOWANCE: DR. RAYMOND T. KING AND DR. GARY BRELAND LEWIS MYRICK TRUSTEE 6566 BUILDING MATERIALS 0 JACK SIMMONS TRUSTEE 2795 FURNITURE 0 JOSEPH FAIL TRUSTEE 94507 TELEPHONE COMPANY 0 JOAN WARREN TRUSTEE 93205 REPAIRS TO PARKING LOT 0 X 19800 FMV X 3 105143 FMV X 3 103680 FMV X VINTAGE CHAND 1 47000 FMV X ADVERTISING 1 23400 FMV X USE OF VEHICL 1 4350 FMV 1 0 1 0 PART I, COLUMN (B): 3 PARCELS OF LAND FORM 990, PART VI, SECTION B, LINE 11 LINE 11A EXPLANATION - A COPY OF THE FORM 990 IS MAILED OR EMAILED TO EACH BOARD MEMBER FOR REVIEW PRIOR TO FILING. THE RETURN MUST BE REVIEWED AND APPROVED BY THE BOARD BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER MUST SIGN AN EXTENSIVE CONFLICT OF INTEREST POLICY AT THE BEGINNING OF EACH SCHOOL YEAR. SHOULD THE EXECUTIVE COMMITTEE HAVE CONCERNS ABOUT A CONFLICT OF INTEREST, THEY MEET WITH THE MEMBER AND MAKE A DECISION CONCERNING THIS. THE MATTER IS THEN BROUGHT TO THE ATTENTION OF THE ENTIRE BOARD TO BE RESOLVED. FORM 990, PART VI, SECTION B, LINE 15A THE FINANCE COMMITTEE SERVES AS THE COMPENSATION COMMITTEE AND MEETS ANNUALLY REGARDING EXECUTIVE COMPENSATION. THIS COMMITTEE DETERMINES THE COMPENSATION OF THE PRESIDENT BASED ON COMPARABILITY DATA FROM OTHER UNIVERSITIES OF SIMILAR SIZE AND DELIBERATION AMONG THE MEMBERS. AFTER THE COMMITTEE REACHES A CONCLUSION, THEY MAKE A RECOMMENDATION TO THE TRUSTEES. THE TRUSTEES THEN DISCUSS AND VOTE ON THE RECOMMENDATION OF THE COMPENSATION COMMITTEE. ALL DISCUSSIONS CONCERNING EXECUTIVE COMPENSATION ARE RECORDED IN THE MINUTES OF THE MEETINGS FOR SUBSTANTIATION PURPOSES. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS AND TAX RETURNS ARE AVAILABLE BY REQUESTING A COPY FROM THE BUSINESS OFFICE THROUGH THE CFO OR ON THE GUIDESTAR WEBSITE. CONFLICT OF INTEREST POLICY AND OTHER GOVERNING DOCUMENTS ARE AVAILABLE TO ALL EMPLOYEES ON OUR INTERNAL WEBSITE. THESE ARE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR. WILLIAM CAREY UNIV DEVELOPMENT FDN 498 TUSCAN AVENUE CAMPUS BOX 2 HATTIESBURG MS 39401 640656856 INVESTMENT OF DONOR FUNDS FOR INCOME FOR SCHOLARSHIPS-WCU MS 501(C)(3) 11, TYPE 2 0 1 0 1 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 1 WCU DEVELOPMENT FOUNDATION A 11784