2014-05-13T13:43:31-05:00 2013-06-30 BDO USA LLP 1100 Peachtree Street Suite 700 ATLANTA GA 303094516 990 2012-07-01 560530003 Queens University of Charlotte % MATTHEW PACKEY QUEE 7043372375 1900 SELWYN AVENUE Suite CHARLOTTE NC 28274 Matthew Packey 7043372375 2014-05-12 true Sandra L Feinsmith 4046886841 2012 2015-11-30 17:44:51Z DR PAMELA L DAVIES PHD 1900 SELWYN AVENUE CHARLOTTE NC 28274 88110357 false X www.queens.edu X 1896 NC QUEENS UNIVERSITY OF CHARLOTTE PROVIDES EDUCATIONAL EXPERIENCES THAT TRANSFORM STUDENTS' LIVES AND FOSTER PERSONAL AND PROFESSIONAL SUCCESS. 37 37 1077 424 -41279 -43439 9748641 9322321 51390577 54454980 1976932 4848418 -4040 26022 63112110 68651741 14657687 16266850 0 0 29374574 28826789 0 0 1502472 24622762 23229334 68655023 68322973 -5542913 328768 218176923 222901872 84055919 85891673 134121004 137010199 QUEENS UNIVERSITY OF CHARLOTTE PROVIDES EDUCATIONAL EXPERIENCES THAT TRANSFORM STUDENTS' LIVES AND FOSTER PERSONAL AND PROFESSIONAL SUCCESS. false false 52366879 16266850 54454980 Queens University of Charlotte is a private, Co-ed, Presbyterian-Affiliated comprehensive University with a commitment to both liberal arts and professional studies. Located in the heart of historic Charlotte, Queens serves approximately 2,700 Undergraduate and Graduate students through its College of Arts and Sciences, The McColl School of Business, The Presbyterian School of Nursing, The Wayland H. 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37916 brian ralph 50.0 0.0 X 150038 38362 rebecca anderson 50.0 0.0 X 119277 65327 William A Nichols jr 50.0 0.0 X 104059 16706 tamara burrell 40.0 1.0 X 57570 14679 JOHN BENNETT 30.0 20.0 X 152465 82500 16022 ROBERT FINLEY 30.0 0.0 X 137582 14600 20801 linda christopherson 30.0 20.0 X 104184 94375 22712 NANCY MCNELIS 40.0 0.0 X 171348 2466 william sparks 30.0 20.0 X 144676 105400 17365 2068986 296875 391861 29 false true false ROBINSON BRADSHAW HINSON PA 101 NORTH TRYON STREET SUITE 1900 CHARLOTTE NC 28246 LEGAL SERVICES 307671 BDO USA LLP 5430 WADE PARK BOULEVARD SUITE 208 RALEIGH NC 27607 AUDIT/TAX SERVICES 256668 Environmental Holdings Group LLC 10625 Texland Blvd Suite 200 CHARLOTTE NC 28273 ENVIRONMENTAL REMED 255582 ECS Carolinas LLP 14026 Thunderbolt Place Suite 500 CHANTILLY VA 20151 ENGINEERING SERVICES 225495 Little Diversified Architectural Co 5815 Westpark Drive CHARLOTTE NC 28217 ARCHITECTURAL SVCS 202420 6 12100 2687337 6622884 1829093 9322321 TUITION & FEES 611310 43132425 43132425 AUXILIARY ENTERPRISES 611310 9027508 9027508 OTHER INCOME 611310 2295047 2295047 54454980 1374334 -41279 1415613 0 0 0 0 0 22904697 19430613 3474084 3474084 3474084 54025 12100 28003 26022 26022 0 0 0 68651741 54454980 -41279 4915719 0 16266850 16266850 0 0 2471691 634382 1358893 478416 0 20956111 16322627 4025773 607711 969057 806990 129533 32534 2931069 1854812 990556 85701 1498861 1216098 237630 45133 0 163978 163978 172813 172813 0 0 161466 161466 593163 125545 467618 280624 950 279674 2412951 1765271 547387 100293 678520 88798 587986 1736 0 761340 244673 515613 1054 1545800 1308826 220442 16532 0 0 0 0 4300348 4300348 426740 426740 SERVICES PURCHASED & MAINT 8720522 6990872 1712196 17454 DEBT SERVICE 2235381 2235381 ENRICHMENT 447071 292579 47680 106812 MEMBERSHIPS & SUBSCRIPTIONS 211927 147258 55573 9096 116690 116690 68322973 52366879 14453622 1502472 24638192 4885379 7107593 2147949 16589136 10470708 0 0 0 0 0 0 0 0 0 0 1433313 953775 163668236 45249341 91239962 118418895 46161064 48741546 30849339 37122941 158324 160679 0 0 0 0 218176923 222901872 16194921 14162241 188900 188900 0 0 57475000 55520000 0 0 0 0 0 0 0 0 10197098 16020532 84055919 85891673 X 78051368 90097900 38063346 27705693 18006290 19206606 134121004 137010199 218176923 222901872 X 328768 768916 1791511 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 75373009 2655119 5317092 2171797 81173423 75373150 4088901 -219877 3869165 75373009 43064913 22617404 11771320 2080487 75373150 41069806 1038026 3234862 2277781 43064913 49267575 1582227 -7357911 2422085 41069806 0.67000 0.18000 0.15000 true false 260000 260000 101820682 22910565 78910117 14981239 11470921 3510318 46606315 10867855 35738460 118418895 PERPETUAL TRUSTS 3904881 F HEDGE FUNDS 18098242 F REAL ESTATE FUNDS AND LPS 6147902 F INVESTMENT IN LAND 2480000 F PRIVATE EQUITY LPS 6227734 F OTHER INVESTMENTS 264182 F 37122941 0 DEPOSITS & DEFERRED REVENUE 3772768 CAPITAL LEASE OBLIGATIONS 1363062 LINES OF CREDIT 10884702 16020532 X ENDOWMENT FUNDS SCHEDULE D, PART V THE INTENDED USES OF THE UNIVERSITY'S ENDOWMENT FUNDS ARE FOR SCHOLARSHIPS, PROFESSORSHIPS, FACULTY DEVELOPMENT, BUILDING & GROUNDS, LIBRARY, ACADEMIC AND OTHER. FIN 48 (ASC) FOOTNOTE SCHEDULE D, PART X, LINE 2 The University analyzed its tax positions for the year ended June 30, 2013 and determined that there were no uncertain tax positions that would have a material impact on the University's financial statements. The University recognizes interest and penalties,if any, related to unrecognized tax benefits as income tax expense in the statement of activities. During the year, the University did not accrue any interest or penalties. true true true true true true true false false false false false false false false true false true NONDISCRIMINATORY POLICY SCHEDULE E, LINE 3 Queens University of Charlotte published the following statement in its admissions materials, student application, and in its media advertisements: "Admissions is granted to qualified applicants without regard to race, age, creed, handicap, or national or ethnic origin". FINANCIAL AID/ASSISTANCE FROM A GOVERNMENTAL AGENCY SCHEDULE E, LINE 6A The university participates in a variety of federal financial aid programs including the Pell Grant Program, Federal Supplemental Educational Opportunity Grant (SEOG) Program, Federal Work Study Program and Federal Direct and Perkins Loan Programs. The university also receives various federal grants and contracts for academic programming and scientific research. The university receives assistance from the state of North Carolina including the North Carolina Need Based Scholarship, the North Carolina Forgivable Education Loan Program and the North Carolina Teaching Fellows Program. Europe (Including Iceland and Greenland) Investments 589225 589225 589225 true false false true true false golf tournament 33877 33877 14350 1431 3831 golf tournament 32248 12100 20148 6050 840 300 1201 0 66125 12100 54025 20400 2271 300 5032 28003 26022 true SCHOLARSHIPS 1611 16233913 WORK STUDY PROGRAMS 143 32937 MONITORING THE USE OF GRANTS SCHEDULE I, PART I, LINE 2 Scholarships and fellowships are awarded by Queens University of Charlotte to students based on their academic achievement, talent in the fine arts, and participation in intercollegiate athletics. The awards are based on their performance levels. Students are also awarded need-based scholarships and grants based on their need as established by completing the Free Application for Federal Student Aid (FAFSA) and, if applicable, by specific criteria and guidelines for other federal and state programs. X X true true X X X X X X false false false true false false false false false JOHN BENNETT 93930 82500 58535 7219 0 8803 0 168487 82500 0 0 ROBERT FINLEY 130424 14600 7158 9807 0 10994 0 158383 14600 0 0 james bullock 196766 41667 8465 15040 0 10870 0 272808 0 0 0 MATTHEW PACKEY 193695 10309 15356 0 25087 0 244447 0 0 0 Abiodun Goke-Pariola 191095 0 0 0 1290 0 15000 0 22916 0 230301 0 brian ralph 149805 233 12162 0 26200 0 188400 0 0 0 rebecca anderson 119103 174 9750 0 55577 0 184604 0 0 0 linda christopherson 103226 94375 958 8258 0 14454 0 126896 94375 0 0 NANCY MCNELIS 124100 35000 12248 0 0 2466 0 173814 0 0 0 william sparks 111036 105400 33640 8509 0 8856 0 162041 105400 0 0 PAMELA LEWIS DAVIES 271265 13235 18750 0 54402 0 357652 0 0 0 RESIDENCE FOR PERSONAL USE AND SOCIAL CLUB DUES SCHEDULE J, PART I, LINE 1A Queens owns and provides a residence for the President which is located on the campus. This residence is used frequently for business purposes such as meetings, receptions, and entertaining donors. The business value was not treated as taxable compensation. Queens also provides the President with a membership to a country club (Myers Park Country Club). This membership is used primarily for business purposes such as meetings, receptions and entertaining donors. The value was not treated as taxable compensation. In addition, the President and the Vice President for Advancement are provided with memberships to a social club (Charlotte City Club) which is used solely for business purposes such as entertaining donors. The value was not treated as taxable compensation. DETERMINING COMPENSATION SCHEDULE J, PART I, LINE 3 The Presidents compensation is determined and approved by the Compensation Committee of the Board of Trustees. This committee utilizes information from the 990 returns of other benchmark institutions, compensation surveys of other private colleges and universities, and other benchmarks obtained by the members of the committee as information in the compensation determination process. These discussions are documented in the minutes and files of the compensation committee. COMPENSATION CONTINGENT UPON THE REVENUES OF THE ORGANIZATION SCHEDULE J, PART I, LINE 5A The Compensation Committee implemented a Compensation Philosophy for the officers of the organization through the application of the following considerations: o Base salary will be set so that the targeted positioning of an Officer is the 50th percentile of the target market for each position. The actual base salary for an individual Officer relative to the target market pay will be set by the Committee based on the individual's unique background, experiences, personal skills and abilities (including creativity, growth-orientation and discipline) as well as based on the business challenges facing the Organization which require the use of such attributes or skills. o Annual incentive compensation, if any, will be delivered according to a guideline that approximates the market 75th percentile total cash compensation for commensurate performance. The Committee has the discretion to deliver annual incentives above or below the 75th percentile based on individual circumstances and performance conditions. The aim of annual incentives is to drive and reward consistent improvement in performance. Goals to achieve an incentive payout include, but are not limited to, targets at different levels for total revenues of the organization. DEFERRED COMPENSATION SCHEDULE J, PART II, COLUMN (C) AMOUNTS REPORTED AS DEFERRED COMPENSATION ARE EMPLOYER CONTRIBUTIONS TO THE DEFINED CONTRIBUTION RETIREMENT 403(B) PLAN, WHICH IS APPLICABLE TO ALL PARTICIPATING EMPLOYEES. A NORTH CAROLINA CAP FINANCE AGENCY 561592154 65818PJC4 2011-07-27 38400000 SEE PART VI false false false B NC CAPITAL FACILITIES FINANCE AGENCY 561592154 65818PAC3 2009-10-01 32305000 10/14/1999 & 5/10/2001 false false false A 0 0 38427541 0 889729 0 0 419492 0 36954747 50667 112906 false false false true B 0 0 32305000 0 0 0 0 0 0 0 32305000 0 2002 true false true true A false false false false 0.00000 0.00000 0.00000 false false false true B 0 A false true true false 0 false 0 false true B false false true false 0 false 0 false true A true B true SCHEDULE K SUPPLEMENTAL INFORMATION 0 PART I, BOND A, COLUMN F: The purpose of Bond A was to Finance Portions Of Levine Center For Wellness & Recreation, South Residence Hall And Parking Deck, Relocation Of Greek Lodges And Infrastructure. PART I, BOND B: On October 1, 2009, the university restructured its outstanding tax-exempt north Carolina educational facilities finance agency variable rate educational facilities revenue bonds (queens college), series 1999a and series 1999b, and north Carolina educational facilities finance agency educational facilities revenue bonds (queens college), series 2001, the "restructured bonds", originally issued on October 14,1999 and May 10, 2001, respectively. This restructuring was undertaken to reamortize the principal payment schedules for the restructured bonds, but no other terms of the restructured bonds were changed, including the maturity dates. This restructuring constituted a reissuance of the restructured bonds under applicable federal tax law. PART ii, BOND A, LINE 3: The difference in issue price is the investment earnings as of fiscal year end. PART ii, BOND A, LINE 11: The other spent proceeds were for remarketing fees. PART II, BOND B, LINE 11: The other spent proceeds were the refunding proceeds of the issue. CAROLINE WANNAMAKER SINK TRUSTEE 159974 CONSULTING false PART IV, LINE 1: BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS Caroline is a partner at Robinson Bradshaw & Hinson, PA (RBH). RBH regularly PROVIDES CONSULTING SERVICES TO Queens on various issues. X 44 1354093 FMV X BLEACHERS 1 300000 FMV X PROJECT SUPPLIES & EQUIP 2 125000 FMV X CONCRETE SUPPLIES 1 50000 FMV false true false SCHEDULE M, PART I, LINE 33 WHY NO VALUE WAS ASSESSED TO NON CASH GIFTS THE UNIVERSITY DOES NOT SEEK AN APPRAISAL, NOR DOES THE UNIVERSITY RECORD AS REVENUE, ANY NONCASH ITEM DONATED UNLESS THE DONOR PROVIDES AN INDEPENDENT THIRD PARTY APPRAISAL AS PART OF FORM 8283. THE STOCK GIFTED TO QUEENS IS SOLD IMMEDIATELY UPON THE TRANSFER, WHICH IS HOW A CASH VALUE IS DETERMINED FOR THE STOCK. REVIEW OF FORM 990 FORM 990, PART VI, SECTION B, QUESTION 11B Prior to filing the Form 990, the Compensation Committee of the Board of Trustees reviewed the compensation-related sections of the draft Form 990, and all voting members of the Board of Trustees were provided with access to the draft Form 990 via a secure website. MONITORING CONFLICTS OF INTEREST FORM 990, PART VI, SECTION B, LINE 12C At least annually, all employees are reminded of the Universitys conflict of interest policy and all new employees are educated about the policy during the hiring process. Supervisors look for potential conflicts of interest for employees under their supervision and disclose such potential conflicts as necessary. DETERMINING COMPENSATION FORM 990, PART VI, SECTION B, LINE 15A AND B The Presidents compensation is determined and approved by the Compensation Committee of the Board of Trustees. This committee utilizes information from the 990 returns of other benchmark institutions, compensation surveys of other private colleges and universities, and other benchmarks obtained by the members of the committee as information in the compensation determination process. These discussions are documented in the minutes and files of the compensation committee. The President determines the compensation for the other officers of the university. She utilizes information from the 990 returns of other benchmark institutions, compensation surveys of other private colleges and universities, and other benchmark data in the compensation determination process. DOCUMENTS AVAILABLE TO THE PUBLIC FORM 990, PART VI, SECTION C, QUESTION 19 NONE OF THESE DOCUMENTS ARE AVAILABLE TO THE GENERAL PUBLIC; HOWEVER, ANY OF THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. Part XI LIne 9 Other Changes in Net Assets or Fund Balances Changes in fair value of financial instruments $1,791,511 EXECUTIVE LEADERSHIP INSTITUTE INC 1900 SELWYN AVENUE CHARLOTTE NC 28274 562232163 EDUCATION NC 501(C)(3) TYPE I NA true false false false false false false false false false false false false true false false false false false