2014-05-13T14:38:27-05:00 2013-06-30 CANNON & COMPANY LLP 2160 COUNTRY CLUB RD WINSTONSALEM NC 271044208 990 2012-07-01 560594591 PIEDMONT INTERNATIONAL UNIVERSITY PIED 3367258344 420 SOUTH BROAD STREET WINSTONSALEM NC 27101 DR CHARLES W PETITT 3367258344 2014-02-21 false RICHARD J TAMER 3367250635 2014-05-09 X 2012 2015-11-30 17:44:51Z CHARLES W PETITT 420 SOUTH BROAD STREET WINSTONSALEM NC 27101 4986286 false X WWW.PIEDMONTU.EDU X 1947 NC PIEDMONT INTERNATIONAL UNIVERSITY IS AN ESTABLISHED PROVIDER OF QUALITY, BIBLE-CENTERED HIGHER EDUCATION FOR EFFECTIVE LIFETIME MINISTRY. WE ARE DRIVEN BY OUR LOVE FOR STUDENTS AND ALUMNI AND ARE COMMITTED TO THEIR SUCCESS. WE SERVE CHURCHES BY EQUIPPING LEADERS TO OBEY THE GREAT COMMANDMENT AND FULFILL THE GREAT COMMISSION. 27 27 152 2 0 469293 1094530 3909280 3699197 13998 35005 22572 23987 4415143 4852719 1060419 1062104 0 2188382 2212223 0 291956 1770417 1748888 5019218 5023215 -604075 -170496 2984252 3066644 1732794 1948283 1251458 1118361 X PIEDMONT INTERNATIONAL UNIVERSITY IS AN ESTABLISHED PROVIDER OF QUALITY, BIBLE-CENTERED HIGHER EDUCATION FOR EFFECTIVE LIFETIME MINISTRY. WE ARE DRIVEN BY OUR LOVE FOR STUDENTS AND ALUMNI AND ARE COMMITTED TO THEIR SUCCESS. WE SERVE CHURCHES BY EQUIPPING LEADERS TO OBEY THE GREAT COMMANDMENT AND FULFILL THE GREAT COMMISSION. false false 2174492 1062104 3100781 INSTRUCTION, ACADEMIC SUPPORT AND STUDENT SERVICES ASSOCIATED WITH THE PROVISION OF ASSOCIATE, BACCALAUREATE, MASTER AND DOCTORAL PROGRAMS IN RESIDENT AND ONLINE FORMATS (APPROXIMATELY 503 STUDENTS -FALL & SPRING) 827179 622403 AUXILIARY AND OTHER SERVICES IN REGARD TO THE UNIVERSITY'S PROVISION FOR HIGHER EDUCATION INCLUDING DORMITORIES, FOOD SERVICE, BOOKSTORE, SPORTING EVENTS AND OTHER MISCELLANEOUS STUDENT SERVICES. 3001671 true true false false false false false false false true true false false false false true true false true true true false true false false false false false true false false false false false false false false false true false false false false false false false false true 27 0 true 152 true false false false false false false false false false false X 27 27 false false false false false false false true true false false false true true true true false true true false NC X X JILL CONNER 3367147939 420 S BROAD ST WINSTONSALEM NC 27101 MR DAVID BATTEN 1.00 X 0 0 0 REV JEFF CLAWSON 1.00 X 0 0 0 REV BRIAN COCKRAM 1.00 X X 0 0 0 REV KEN HARRIS 1.00 X 0 0 0 REV MICHAEL MITCHENER 1.00 X 0 0 0 MR STU EPPERSON 1.00 X 0 0 0 MRS PATRICIA PATTERSON 1.00 X 0 0 0 REV JOHN KING 1.00 X 0 0 0 MR TONY KROFCHIK 1.00 X 0 0 0 MR ARRELL MOORE 1.00 X 0 0 0 REV MICHAEL WILBURN 1.00 X 0 0 0 MR DENNIS NUNN 1.00 X 0 0 0 MR LYNN GREEAR 1.00 X 0 0 0 MR ABIE WILLIAMS X 0 0 0 DR PAUL MONROE 1.00 X 0 0 0 REV GREG MULLIS 1.00 X 0 0 0 REV CLETIS TITUS 1.00 X 0 0 0 REV SHAHN WILBURN 1.00 X X 0 0 0 MR TONY ALFORD 1.00 X 0 0 0 REV JEFF BEVERLY 1.00 X 0 0 0 REV CHRIS BYRNE 1.00 X 0 0 0 DR ROB DECKER 1.00 X 0 0 0 REV STEPHEN L LACKEY 1.00 X 0 0 0 REV DANIEL LACKEY 1.00 X 0 0 0 MR EDWARD THOMASON III 1.00 X 0 0 0 MR DALE TRAXLER 1.00 X 0 0 0 MR JAMES R NORRIS 1.00 X 0 0 0 DR CHARLES W PETITT 40.00 X 65657 0 9409 DR RICHARD A COX 40.00 X 57947 0 3649 DR BETH ASHBURN 40.00 X 55075 0 967 178679 14025 false false false 13600 1080930 153823 1094530 TUITION AND FEES 611710 3100782 3100782 SALES AND AUXILIARY 611710 598415 598415 3699197 14744 14744 137994 15834 133567 4427 15834 20261 20261 MISCELLANEOUS 611710 8708 8708 RECOVERY OF BAD DEBTS 611710 6462 6462 VENDING INCOME 611710 3449 3449 5368 5368 23987 4852719 3723184 35005 978517 978517 83587 83587 198801 27810 170991 1787911 1158712 475647 153552 128847 83720 31967 13160 96664 61753 29399 5512 36128 36128 4241 4241 84504 30304 28548 25652 69137 69137 447056 447056 62549 62549 AUXILIARY ENTERPRISES 427174 427174 ADMINISTRATIVE AND GENERA 299660 299660 PLANT OPERATIONS 114634 114634 STUDENT SERVICES 82272 82272 121533 63581 57952 5023215 3001671 1729588 291956 303169 277805 1114 157444 411159 29863 45335 2720 2844 29537 24878 6052913 4127951 2096800 1924962 159463 278090 204142 101571 2984252 3066644 206693 307937 1526101 1640346 1732794 1948283 X 798246 664271 64248 64726 388964 389364 1251458 1118361 2984252 3066644 -170496 5349 21050 11000 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 311680 21000 23486 27201 2626 326339 343182 400 23980 53450 2432 311680 313337 400 31604 2159 343182 250121 143033 40974 118894 1897 313337 249721 40559 38785 1374 250121 1.00000 true false 398179 398179 3891634 2788076 1103558 1763100 1339875 423225 1924962 3828014 5349 21050 11000 37399 3790615 1062104 1062104 4852719 3764515 3764515 1258700 1258700 5023215 INTENDED USES FOR ENDOWMENT FUNDS SCHEDULE D, PAGE 2, PART V, LINE 4 THE ENDOWMENT FUNDS ARE TO PROVIDE SCHOLARSHIPS FOR STUDENTS. LIABILITY UNDER FIN 48 FOOTNOTE SCHEDULE D, PAGE 3, PART X THE UNIVERSITY IS EXEMPT FROM INCOME TAX UNDER INTERNAL REVENUE CODE 501C(3) FOR ALL ACTIVITIES THAT FALL UNDER ITS EXEMPT FUNCTION. REVENUE AMOUNTS INCLUDED IN FINANCIALS - OTHER SCHEDULE D, PAGE 4, PART XI, LINE 2D BOOK/TAX DIFFERENCE IN VALUE OF NONCASH CONTRIBUTION 11,000 REVENUE AMOUNTS INCLUDED ON RETURN - OTHER SCHEDULE D, PAGE 4, PART XI, LINE 4B TUITION NET OF SCHOLARSHIPS AND GRANTS ON FINANCIAL STMT 1,062,104 EXPENSE AMOUNTS INCLUDED ON RETURN - OTHER SCHEDULE D, PAGE 4, PART XII, LINE 4B SCHOLARSHIPS AND GRANTS NET WITH TUITION ON FINANCIAL STMT 1,062,104 BOOK / TAX DEPRECIATION DIFFERENCE 196,596 true true true true true true true false false false false false false false false true false true PUBLICATION OF NONDISCRIMINATORY POLICY IN MEDIA EXPLANATION SCHEDULE E LINE 3 PIEDMONT INTERNATIONAL UNIVERSITY AND GRADUATE SCHOOL PUBLISHES THIS INFORMATION IN THE STUDENT HANDBOOK AS WELL AS ADVERTISING THROUGH LOCAL MEDIA FINANCIAL AID OR GOVERNMENT ASSISTANCE EXPLANATION SCHEDULE E LINE 6 FINANCIAL AID IS RECEIVED FROM THE DEPARTMENT OF EDUCATION FOR QUALIFYING STUDENTS THE COLLEGE S FEDERAL ASSISTANCE CONSISTS OF FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT FEDERAL FAMILY EDUCATION LOANS FEDERAL WORK STUDY FEDERAL PELL GRANT PROGRAM AND FEDERAL ACADEMIC COMPETITIVENESS GRANT true FINANCIAL AID MEXICO 4 8844 TUITION DISCOUN BOOK FINANCIAL AID ECUADOR 2 4824 TUITION DISCOUN BOOK FINANCIAL AID EGYPT 1 6332 TUITION DISCOUN BOOK FINANCIAL AID VENEZUELA 4 7236 TUITION DISCOUN BOOK FINANCIAL AID CHINA 1 1005 TUITION DISCOUN BOOK FINANCIAL AID ZAMBIA 1 4690 TUITION DISCOUN BOOK FINANCIAL AID SOUTH KOREA 2 2600 TUITION DISCOUN BOOK FINANCIAL AID BRAZIL 1 1162 TUITION DISCOUN BOOK FINANCIAL AID TOGO 1 2600 TUITION DISCOUN BOOK FINANCIAL AID HAITI 2 7191 TUITION DISCOUN BOOK FINANCIAL AID NAMBIA 1 2500 TUITION DISCOUN BOOK FINANCIAL AID TAIWAN 1 1170 TUITION DISCOUN BOOK FINANCIAL AID ST. VINCENT 1 3618 TUITION DISCOUN BOOK FINANCIAL AID INDIA 2 8563 TUITION DISCOUN BOOK FINANCIAL AID KENYA 2 6790 TUITION DISCOUN BOOK FINANCIAL AID UGANDA 1 300 TUITION DISCOUN BOOK FINANCIAL AID PHILIPPINES 1 804 TUITION DISCOUN BOOK FINANCIAL AID BARBADOS 1 1910 TUITION DISCOUN BOOK FINANCIAL AID DOMINICAN REPUBLIC 5 11448 TUITION DISCOUN BOOK FINANCIAL AID MEXICO 4 8844 TUITION DISCOUN BOOK FINANCIAL AID ECUADOR 2 4824 TUITION DISCOUN BOOK FINANCIAL AID EGYPT 1 6332 TUITION DISCOUN BOOK FINANCIAL AID VENEZUELA 4 7236 TUITION DISCOUN BOOK FINANCIAL AID CHINA 1 1005 TUITION DISCOUN BOOK FINANCIAL AID ZAMBIA 1 4690 TUITION DISCOUN BOOK FINANCIAL AID SOUTH KOREA 2 2600 TUITION DISCOUN BOOK FINANCIAL AID BRAZIL 1 1162 TUITION DISCOUN BOOK FINANCIAL AID TOGO 1 2600 TUITION DISCOUN BOOK FINANCIAL AID HAITI 2 7191 TUITION DISCOUN BOOK FINANCIAL AID NAMBIA 1 2500 TUITION DISCOUN BOOK FINANCIAL AID TAIWAN 1 1170 TUITION DISCOUN BOOK FINANCIAL AID ST. VINCENT 1 3618 TUITION DISCOUN BOOK FINANCIAL AID INDIA 2 8563 TUITION DISCOUN BOOK FINANCIAL AID KENYA 2 6790 TUITION DISCOUN BOOK FINANCIAL AID UGANDA 1 300 TUITION DISCOUN BOOK FINANCIAL AID PHILIPPINES 1 804 TUITION DISCOUN BOOK FINANCIAL AID BARBADOS 1 1910 TUITION DISCOUN BOOK FINANCIAL AID DOMINICAN REPUBLIC 5 11448 TUITION DISCOUN BOOK false false false false false false PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS OUTSIDE THE UNITED STATES SCHEDULE F, PAGE 1, PART I, LINE 2 INTERNATIONAL STUDENTS: THESE STUDENTS ARE AWARDED VARIOUS NONCASH DISCOUNTS IN THE FORM OF TUITION SCHOLARSHIPS. THEY DO NOT RECEIVE REFUNDS FROM THEIR ACCOUNT, NOR DO THEY RECEIVE AWARDS THAT EXCEED THEIR CHARGES. THE MAJORITY OF THESE FALL INTO THE FOLLOWING CATEGORIES: PARTNERING PROGRAMS: THESE STUDENTS PAY A PORTION (ABOUT 1/3) OF THE COST, THEN RECEIVE DISCOUNTS/SCHOLARSHIPS FOR THE REST. ABOUT HALF OF THESE SCHOLARSHIPS ARE FUNDED BY PARTNERING ORGANIZATIONS OR DONORS, THE OTHER HALF ARE FUNDED FROM THE BUDGET. WE WORK CLOSELY WITH THE PARTNERING ORGANIZATIONS TO SELECT QUALIFYING STUDENTS. TEACH ALL NATIONS AND VISION SCHOLARS: THESE STUDENTS HAVE BEEN SELECTED AS OUTSTANDING INTERNATIONAL STUDENTS TO RECEIVE UP TO 100% TUITION DISCOUNTS/SCHOLARSHIPS. THESE STUDENTS TYPICALLY ONLY PAY THE FEES (SOME PAY A PORTION OF TUITION). THE MAJORITY OF THESE AWARDS ARE FUNDED BY RESTRICTED GIFTS. OUR ULTIMATE GOAL OVER THE NEXT 20 YEARS IS TO HAVE ONE SCHOLARSHIP RECIPIENT FROM EVERY COUNTRY IN THE WORLD. STANDARD INSTITUTIONAL AID: INTERNATIONAL STUDENTS WHO ENROLL THROUGH OUR TRADITIONAL PROGRAMS QUALIFY FOR MANY OF THE SAME AWARDS THAT OTHER STUDENTS RECEIVE. THESE ARE MOSTLY FUNDED FROM OUR BUDGET. MANY OF THESE STUDENTS COME TO THE US ON A STUDENT VISA AND ATTEND CLASSES ON THE MAIN CAMPUS. true FINANCIAL AID 351 978517 BOOK PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS INSIDE THE UNITED STATES SCHEDULE I, PAGE 1, PART I, LINE 2 PIU EVALUATES ELIGIBILITY BY RECEIVING WRITTEN REPRESENTATIONS AND FROM REVIEW OF A STUDENTS FILE. ITEMS TO BE CHECKED INCLUDE PIUS APPLICATION, HIGH SCHOOL DIPLOMA, DROP/ADD FORMS, AND WITHDRAWAL FORMS. ONCE A STUDENT HAS COMPLETED THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) APPLICATION, PIU SUBMITS IT ELECTRONICALLY TO ED. ONCE IT IS PROCESSED THE STUDENT WILL RECEIVE A STUDENT AID REPORT AND THE SCHOOL WILL RECEIVE AN ISIR. THE ISIR IS KEPT IN THE STUDENTS FINANCIAL AID FILE. THE ISIR CONTAINS THE EFC AMOUNT, WHICH IS THE AMOUNT THE STUDENT IS EXPECTED TO PAY, THE COST OF ATTENDANCE IS FOUND ON WORKSHEETS GENERATED BY WEBER. THE EFC AND COA ARE BOTH USED TO CALCULATE FINANCIAL NEED. THE ISIR ALSO PROVIDES FINANCIAL AID HISTORY, MATCHES SOCIAL SECURITY DATA, SELECTIVE SERVICE DATA AND CHECKS CITIZENSHIP. FFEL- CHECKS FROM LOAN INSTITUTIONS ARE REQUESTED FROM STUDENTS THROUGH LOAN APPLICATIONS. LOAN APPLICATIONS ARE CERTIFIED BY PIU AND SENT BY STUDENT FINANCIAL AID OFFICE. MONEY IS DEPOSITED INTO A SEPARATE BANK ACCOUNT USING ACH/EFT SYSTEM. ONCE PIU RECEIVES THE DISBURSEMENT RECORD FROM THE LENDER, THE FINANCIAL AID OFFICE BATCHES THE LOANS AND SENDS THEM TO THE BUSINESS OFFICE. THE BUSINESS OFFICE VERIFIES FUNDS AND THEN CREDITS THE STUDENTS ACCOUNT. SOMETIMES CHECKS ARE SENT IN THE STUDENTS AND PIUS NAME. THESE ARE DEPOSITED SEPARATELY INTO THE BANK ACCOUNT BY THE BUSINESS OFFICE. CHECKS ARE SIGNED BY THE STUDENT, AND PIU POSTS CHECKS TO THE STUDENT'S ACCOUNT. LOANS COME IN TWO DISBURSEMENTS - GENERALLY ONE FOR FIRST SEMESTER AND ONE FOR SECOND. THE WHOLE DISBURSEMENT IS APPLIED TO THE STUDENTS ACCOUNT. COST OF ATTENDANCE IS ALWAYS GREATER THAN LOAN PROCEEDS AND ALL OTHER FINANCIAL ASSISTANCE. ANY EXCESS CAN BE WITHDRAWN BY THE STUDENT FOR LIVING EXPENSES. PELL, SEOG & FWS - PIU IS GIVEN AN INITIAL AUTHORIZATION FOR FUNDS BY THE DEPARTMENT OF EDUCATION FOR WHICH IT CANNOT EXCEED. PIU CALLS DOWN THE FUNDS THROUGH GAPS AND THE MONEY IS ELECTRONICALLY DEPOSITED INTO A SEPARATE FEDERAL FUNDS ACCOUNT AT LEXINGTON STATE BANK, THEN THEY ARE SWEPT INTO AN INVESTMENT ACCOUNT EACH NIGHT BY THE BANK. THE FUNDS ARE ONLY REQUESTED AFTER DISBURSEMENT TO STUDENTS ACCOUNT, PER FWS, FUNDS ARE PAID TO THE STUDENTS THROUGH PIU PAYROLL AS EARNED. X 41600 FAIR MARKET VALUE X 2 50223 FAIR MARKET VALUE X 1 59000 APPRAISAL X TRAILER 1 3000 FAIR MARKET VALUE false false false ORGANIZATION'S MISSION FORM 990 - ORGANIZATION'S MISSION PIEDMONT INTERNATIONAL UNIVERSITY IS AN ESTABLISHED PROVIDER OF QUALITY, BIBLE-CENTERED HIGHER EDUCATION FOR EFFECTIVE LIFETIME MINISTRY. WE ARE DRIVEN BY OUR LOVE FOR STUDENTS AND ALUMNI AND ARE COMMITTED TO THEIR SUCCESS. WE SERVE CHURCHES BY EQUIPPING LEADERS TO OBEY THE GREAT COMMANDMENT AND FULFILL THE GREAT COMMISSION. ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11B THE 990 IS REVIEWED BY THE FINANCE COMMITTEE BEFORE IT IS FILED. ENFORCEMENT OF CONFLICTS POLICY FORM 990, PAGE 6, PART VI, LINE 12C OFFICERS, TRUSTEES AND KEY EMPLOYEES ARE REQUIRED TO COMPLETE A YEARLY SURVEY AND AGREE WITH THE POLICY THAT IS CURRENTLY IN PLACE. COMPENSATION PROCESS FOR TOP OFFICIAL FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD MEETS IN EXECUTIVE SESSION TO CONSIDER SALARIES FOR TOP OFFICIALS. COMPENSATION IS DETERMINED BY BUDGET CONTRAINTS AS WELL AS INPUT FROM THE PRESIDENT AND BOARD MEMBERS. COMPENSATION PROCESS FOR OFFICERS FORM 990, PAGE 6, PART VI, LINE 15B THE BOARD MEETS IN EXECUTIVE SESSION TO CONSIDER SALARIES FOR TOP OFFICIALS. COMPENSATION IS DETERMINED BY BUDGET CONTRAINTS AS WELL AS INPUT FROM THE PRESIDENT AND BOARD MEMBERS. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. RECONCILIATION OF CHANGES - OTHER FORM 990, PART XI, LINE 9 BOOK/TAX DIFFERENCE IN VALUE OF NONCASH CONTRIBUTION 11,000 TUITION NET OF SCHOLARSHIPS AND GRANTS ON FINANCIAL STMT -1,062,104 SCHOLARSHIPS AND GRANTS NET WITH TUITION ON FINANCIAL STMT 1,062,104 BOOK / TAX DEPRECIATION DIFFERENCE 196,596 OTHER CHANGES IN NET ASSETS EXPLANATION FORM 990, PART XI, LINE 9 PRIOR PERIOD ADJUSTMENT 196,596