2013-04-14T15:05:03-05:00 2012-05-31 205907591 SMITH LEONARD PLLC 4035 PREMIER DRIVE SUITE 300 HIGH POINT NC 27265 990 2011-06-01 560529999 HIGH POINT UNIVERSITY HIGH 3368419000 833 MONTLIEU AVENUE HIGH POINT NC 27262 DEBI S BUTT 3368419000 2013-04-12 1 JANICE SEVERT P00522710 3368830181 2011 2016-02-25 16:41:14Z DENNY G BOLTON 833 MONTLIEU AVENUE HIGH POINT NC 27262 191313765 0 X WWW.HIGHPOINT.EDU X 1928 NC THE MISSION OF HIGH POINT UNIVERSITY IS TO DELIVER EDUCATIONAL EXPERIENCES THAT ENLIGHTEN, CHALLENGE, AND PREPARE STUDENTS TO LEAD LIVES OF SIGNIFICANCE IN COMPLEX GLOBAL COMMUNITIES. THE VISION OF HIGH POINT UNIVERSITY IS TO BE A NATIONALLY PROMINENT, PRIVATE INSTITUTION RECOGNIZED FOR THE EXCELLENCE OF ITS ACADEMIC PROGRAMS, THE DEPTH OF ITS VALUES-BASED CULTURE, THE BREADTH OF ITS INCLUSIVENESS, AND THE STRENGTH OF ITS COMMITMENT TO HELPING STUDENTS LEAD LIVES OF SIGNIFICANCE. 46 43 2039 100 32915 31195 25634689 16074859 123226957 147028264 821916 2991275 1465534 2559407 151149096 168653805 18924300 21816654 0 0 36014672 40682126 0 0 627196 59248482 66907284 114187454 129406064 36961642 39247741 396965184 439206046 188760682 198503078 208204502 240702968 THE MISSION OF HIGH POINT UNIVERSITY IS TO DELIVER EDUCATIONAL EXPERIENCES THAT ENLIGHTEN, CHALLENGE, AND PREPARE STUDENTS TO LEAD LIVES OF SIGNIFICANCE IN COMPLEX GLOBAL COMMUNITIES. 0 0 76773008 21650154 104474779 HIGH POINT UNIVERSITY IS A PRIVATE, CO-ED, UNIVERSITY COMMITTED TO PROVIDING STUDENTS WITH AN EXCEPTIONAL EDUCATION. HPU SERVES APPROXIMATELY 4300 OF UNDERGRADUATE STUDENTS THROUGH ITS HAYWORTH COLLEGE OF ARTS & SCIENCES, PHILLIPS SCHOOL OF BUSINESS, QUBEIN SCHOOL OF COMMUNICATIONS, AND SCHOOLS OF ART & DESIGN, EDUCATION, HEALTH SCIENCES. 1004999 2766351 HIGH POINT UNIVERSITY ALSO SERVES APPROXIMATELY 325 ADULT CONTINUING EDUCATION AND GRADUATE STUDENTS THROUGH ITS NORCROSS GRADUATE SCHOOL. 77778007 1 1 0 0 0 0 0 1 0 1 1 1 0 1 1 1 0 1 1 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 1 1 1 1 0 0 1 0 0 0 0 0 1 234 0 1 2039 1 1 1 0 0 0 0 1 1 0 0 0 0 X 46 43 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X DENNY BOLTON 3368419000 833 MONTLIEU AVENUE HIGH POINT NC 27262 ELIZABETH ALDRIDGE 0.00 X 0 0 0 KATHERINE M BOLES 0.00 X 0 0 0 L PAUL BRAYTON 0.00 X 0 0 0 ROBERT J BROWN 0.00 X 0 0 0 RICHARD P BUDD 0.00 X 0 0 0 LYNNE CALDWELL 0.00 X 0 0 0 DORIS R COGGIN 0.00 X 0 0 0 EARL CONGDON 0.00 X 0 0 0 FLOYD T CRAVEN 0.00 X 0 0 0 ROBERT G CULP III 0.00 X 0 0 0 JAMES L CRESSIMORE 0.00 X 0 0 0 JOHN FINCH 0.00 X 0 0 0 SHIRLEY FRYE 0.00 X 0 0 0 CHRISTOPHER L HENSON 0.00 X 0 0 0 DAVID L FRANCIS 0.00 X 0 0 0 THOMAS S HAGGAI 0.00 X 0 0 0 C FELIX HARVEY III 0.00 X 0 0 0 DONALD W HAYNES 0.00 X 0 0 0 DAVID R HAYWORTH 0.00 X 0 0 0 WILLIAM R HENDERSON 0.00 X 0 0 0 THOMAS E INGRAM 0.00 X 0 0 0 RONALD L JONES 0.00 X 0 0 0 WILLIAM V KESTER JR 0.00 X 0 0 0 MIRIAM O KIMSEY 0.00 X 0 0 0 PETER A MAHLER 0.00 X 0 0 0 KATHERINE K MAYNARD 0.00 X 0 0 0 MEREDITH S MICHENER 0.00 X 0 0 0 JAMES H MILLIS JR 0.00 X 0 0 0 MOLLY MILLIS-HEDGECOCK 0.00 X 0 0 0 ADNAN M MJALLI 0.00 X 0 0 0 MARK A NORCROSS 0.00 X 0 0 0 JOHN C SLANE 0.00 X 0 0 0 MARSHA B SLANE 0.00 X 0 0 0 ASHLEY CROWDER STANLEY 0.00 X 0 0 0 J ROBERT STOUT 0.00 X 0 0 0 ROBERT E STROUPE 0.00 X 0 0 0 RICHARD F VERT 0.00 X 0 0 0 ANNE KERR WALKER 0.00 X 0 0 0 COY O WILLIARD JR 0.00 X 0 0 0 CHARLES W WILSON II 0.00 X 0 0 0 FRED E WILSON 0.00 X 0 0 0 PLATO S WILSON 0.00 X 0 0 0 WILLIAM F WOMBLE 0.00 X 0 0 0 W VANN YORK 0.00 X 0 0 0 J ALEXANDER WARD 0.00 X 0 0 0 GENE C KESTER 0.00 X 0 0 0 NIDO QUBEIN 40.00 X 948323 0 42495 D ANDREW BILLS 40.00 X 200467 0 20520 DENNIS CARROLL 40.00 X 209802 0 18089 CHRISTOPHER DUDLEY 40.00 X 196102 0 27254 DONALD SCARBOROUGH 40.00 X 153969 0 17035 GAIL TUTTLE 40.00 X 156974 0 14352 WELLINGTON DESOUZA 40.00 X 158312 0 14573 DENNY G BOLTON 40.00 X 48734 0 3757 ELIZABETH BRAXTON 40.00 X 72342 0 8547 SCOTT CHERRY 40.00 X 210801 0 17638 CRAIG KEILITZ 40.00 X 132898 0 8942 JAMES WEHRLEY 40.00 X 134250 0 8267 DANIEL ERB 40.00 X 180141 0 21792 ERIC HEGEDUS 40.00 X 147916 0 16621 WILLIAM DUNCAN 40.00 X 93668 0 9000 JACOB C MARTINSON 0.00 X 35339 0 0 3080038 0 248882 12 1 1 0 FRANK L BLUM CONSTRUCTION 830 EAST 25TH STREET WINSTONSALEM NC 27105 CONSTRUCTION 20566642 ARAMARK SERVICES 1101 MARKET STREET PHILADELPHIA PA 19107 FOOD SERVICE 10410077 BUDD GROUP 2325 S STRATFORD ROAD WINSTONSALEM NC 27103 MAINTENANCE SERVICES 4753015 SHELCO INC 1381 OLD MILL CIRCLE WINSTONSALEM NC 27103 CONSTRUCTION 4410200 FENCE BUILDERS INC 1230 OLD SALISBURY ROAD WINSTONSALEM NC 27127 CONSTRUCTION 1830530 5 1639006 14435853 16074859 STUDENT TUITION & FEES 611710 107241130 107241130 RESIDENCE HALL FEES 721310 21202747 21202747 CAFETERIA/MEALS 722210 17904616 17904616 INTERCOLLEGIATE ATHLET 611710 352947 352947 BOOKSTORE 611710 325064 325064 1760 1760 147028264 1219793 32915 1186878 4415265 3103250 1312015 1312015 1312015 21278802 19507320 1771482 1771482 1771482 70057 49390 20667 20667 SUMMER CONFERENCES & O 611710 1226725 1226725 1226725 168653805 148254989 32915 4291042 166500 166500 21650154 21650154 2449650 2449650 32164847 26150428 5739413 275006 1569000 1569000 4498629 3313297 1122495 62837 242065 242065 15056724 10445066 4611658 914433 2151 912282 9190792 4274350 4627089 289353 7314253 5248227 2066026 890023 818435 71588 3735780 3735780 19569053 19569053 1001727 1001727 INTERCOLLEGIATE PROGRAM 2023387 2023387 SPECIAL EVENTS 1577475 577114 1000361 GRAD SCHOOL PROGRAM 187047 187047 5204525 1352851 3851674 129406064 77778007 51000861 627196 7074636 9436122 3125900 3477868 17249189 13622838 3882167 3848337 646454 819594 466692840 99097440 313442927 367595400 36030806 33271636 15513105 7134251 396965184 439206046 17093334 23923305 6434351 20485000 165291429 146050475 6375919 1609947 188760682 198503078 X 163134489 197213616 7003305 7113034 38066708 36376318 208204502 240702968 396965184 439206046 X 39247741 -6749275 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 865354 X EDUCATION 0 37717174 1962000 -2113175 1048278 152786 36364935 32771340 1366000 5661902 1924801 157267 37717174 26486849 700000 7781995 2051000 146504 32771340 40604389 1581828 -13243293 2148800 307275 26486849 1.00000 1 0 39857916 39857916 304280483 49639773 254640710 30620503 6781253 23839250 60243098 42676414 17566684 31690840 31690840 367595400 INSURANCE CONTRACT 293786 C CORPORATE STOCKS, BONDS & NOTE 32977850 F 33271636 DEPOSITS HELD IN CUSTODY 123315 FEDERAL & STATE STUDENT LOAN MONIES 1486632 1609947 168653805 129406064 39247741 -4656758 -2092517 -6749275 32498466 161904533 -4656758 -2092514 -6749272 168653805 0 168653805 107755909 0 107755909 21650155 21650155 129406064 PART III, LINE 4: THE UNIVERSITY MAINTAINS ART AND OTHER COLLECTIBLES DISPLAYED IN VARIOUS CAMPUS BUILDINGS FOR EDUCATIONAL AND INSTRUCTIONAL PURPOSES. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: IT IS THE UNIVERSITY'S POLICY TO EVALUATE ALL TAX POSITIONS TO IDENTIFY ANY THAT MAY BE CONSIDERED UNCERTAIN. ALL IDENTIFIED MATERIAL TAX POSITIONS ARE ASSESSED AND MEASURED BY A "MORE-LIKELY-THAN-NOT" THRESHOLD TO DETERMINE IF THE TAX POSITION IS UNCERTAIN AND WHAT, IF ANY, THE EFFECT OF THE UNCERTAIN TAX POSITION MAY HAVE ON THE CONSOLIDATED FINANCIAL STATEMENTS. NO MATERIAL UNCERTAIN TAX POSITIONS WERE IDENTIFIED FOR 2012 AND 2011. CURRENTLY, THE STATUTE OF LIMITATIONS REMAINS OPEN SUBSEQUENT TO AND INCLUDING THE YEAR ENDED MAY 31, 2008; HOWEVER, NO EXAMINATIONS ARE IN PROCESS. ANY CHANGES IN THE AMOUNT OF A TAX POSITION AS WELL AS RELATED PENALTIES AND INTEREST WILL BE RECOGNIZED IN THE PERIOD THE CHANGE OCCURS. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN INTEREST RATE SWAP -2,092,514. ROUNDING -3. TOTAL TO SCHEDULE D, PART XI, LINE 8: -2,092,517. PART XII, LINE 2D - OTHER ADJUSTMENTS: INTEREST RATE SWAP -2,092,514. PART XIII, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND ALLOCATIONS 21,650,154. ROUNDING 1. 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 ALL BROADCASTS & PUBLISHED STATEMENTS FOLLOW THE GUIDELINES PER REVENUE PROCEDURE 75-50 AND ARE DISSEMINATED TO ALL SEGMENTS OF THE GENERAL COMMUNITY SERVED BY THE SCHOOL. PANTHER CLUB AUCTION 49857 49857 27454 GOLF TOURNAMENT 17820 17820 13691 1 2380 2380 8245 70057 70057 49390 49390 20667 1 WEST END MINISTRIES 903 ENGLISH ROAD HIGH POINT NC 27262 562273642 501(C)(3) 15000 GENERAL SUPPORT PIEDMONT TRIAD CLUSTERS OF OPPORTUNITY 416 GALLIMORE DAIRY ROAD GREENSBORO NC 27409 561750279 501(C)(3) 10000 GENERAL SUPPORT MONTLIEU MATH AND SCIENCE ACADEMY 1105 MONTLIEU AVE HIGH POINT NC 27262 800766931 501(C)(3) 100300 GENERAL SUPPORT UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS 1533 SOUTH MAIN STREET WINSTONSALEM NC 27127 566064850 501(C)(3) 25000 GENERAL SUPPORT VARIOUS SCHOLARSHIPS & STUDENT AID 3427 21650154 FMV PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: HIGH POINT UNIVERSITY AWARDS VARIOUS SCHOLARSHIPS TO STUDENTS TO DETERMINE THAT RECIPIENTS QUALIFY TO RECEIVE PAYMENTS. X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 NIDO QUBEIN 642105 0 1015 0 305203 0 19600 0 22895 0 990818 0 0 0 D ANDREW BILLS 198230 0 1015 0 1222 0 10417 0 10103 0 220987 0 0 0 DENNIS CARROLL 207173 0 1015 0 1614 0 16929 0 1160 0 227891 0 0 0 CHRISTOPHER DUDLEY 194146 0 1015 0 941 0 16400 0 10854 0 223356 0 0 0 DONALD SCARBOROUGH 151084 0 1015 0 1870 0 12453 0 4582 0 171004 0 0 0 GAIL TUTTLE 154848 0 1015 0 1111 0 12533 0 1819 0 171326 0 0 0 WELLINGTON DESOUZA 156428 0 1015 0 869 0 12667 0 1906 0 172885 0 0 0 SCOTT CHERRY 162350 0 1015 0 47436 0 8571 0 9067 0 228439 0 0 0 DANIEL ERB 178183 0 1015 0 943 0 9975 0 11817 0 201933 0 0 0 ERIC HEGEDUS 146137 0 1015 0 764 0 7758 0 8863 0 164537 0 0 0 WILLIAM DUNCAN 88984 0 0 0 4684 0 7567 0 1433 0 102668 0 0 0 JACOB C MARTINSON 15339 0 0 0 20000 0 0 0 0 0 35339 0 0 0 PART I, LINE 3 AN INDEPENDENT CONSULTING FIRM WAS HIRED TO INITIALLY REVIEW THE COMPENSATION PACKAGE AND CONTINUES TO PROVIDE ONGOING GUIDANCE. NC CAPITAL FACILITIES FINANCE AGENCY 561592154 65818PJB6 2011-07-07 20332782 CAPITAL SPENDING 0 0 0 20332782 332594 20000188 0 0 1 1 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 0 0 0 0 THE BUDD GROUP THE BUDD GROUP CEO, JOSEPH BUDD, IS THE SON OF TRUSTEE RICHARD BUDD 4354961 THE BUDD GROUP THAT IS CONTRACTED TO PERFORM MAINTENANCE, GROUNDS KEEPING AND JANITORIAL SERVICES FOR HIGH POINT UNIVERSITY. 0 CREATIVE SERVICES OWNERS OF CREATIVE SERVICES ARE THE CHILDREN OF NIDO QUBEIN, PRESIDENT 1260435 CREATIVE SERVICES PROVIDES PUBLIC RELATIONS AND MARKETING MATERIALS FOR THE UNIVERSITY. THE COMPANY HAS DONE BUSINESS WITH THE UNIVERSITY SINCE 1994, 11 YEARS BEFORE THE CURRENT PRESIDENT TOOK OFFICE. 0 BB&T NIDO QUBEIN, PRESIDENT, IS ON THE BOARD OF TRUSTEES OF BB&T 17340185 HIGH POINT UNIVERSITY DOES BANKING AND HAS A LINE OF CREDIT WITH BB&T. 0 SOUTHEASTERN BUILDING SERVICES INC MIRIAM KIMSEY, TRUSTEE, IS THE VICE PRESIDENT OF SOUTHEASTERN BUILDING SVC 384887 THE COMPANY PROVIDES HVAC MAINTENANCE AND REPAIR SERVICES TO VARIOUS CAMPUS BUILDINGS. 0 NORCROSS & YORK OWNER OF NORCROSS & YORK IS BOARD OF TRUSTEES MEMBER, MARK NORCROSS 10359 NORCROSS & YORK PROVIDED THE LIGHTING EQUIPMENT FOR THE SLANE CENTER. 0 X 5 X 18120 X 14700 X 1 93000 X 1 58175 X 2 0 X EQUIPMENT 3 2500 X FLORAL 6 16111 X VARIOUS 1 0 0 0 1 THIRD PARTY USE: PART I, LINE 32B: OCCASIONALLY THE ORGANIZATION RECEIVES REAL ESTATE AS A GIFT AND WILL HIRE AN INDEPENDENT REAL ESTATE AGENT TO SELL THE PROPERTY. NON REPORTING OF REVENUE: PART I, LINE 33: THE ORGANIZATION ONLY RECOGNIZES THROUGH REVENUE THOSE NON-CASH CONTRIBUTIONS EXTERNALLY VALUED IN EXCESS OF A SET AMOUNT PER UNIVERSITY POLICY. IF NON-CASH GIFTS ARE RECEVIED THAT ARE VALUED LESS THAN THEIR PRE-DETERMINED POLICY AMOUNT, THE GIFT IS SUBSTANTIATED TO THE DONOR WITHOUT A VALUE AND IS NOT RECORDED IN REVENUE. ORGANIZATION MISSION STATEMENT FORM 990, PART I, LINE 1 THE MISSION OF HIGH POINT UNIVERSITY IS TO DELIVER EDUCATIONAL EXPERIENCES THAT ENLIGHTEN, CHALLENGE, AND PREPARE STUDENTS TO LEAD LIVES OF SIGNIFICANCE IN COMPLEX GLOBAL COMMUNITIES. THE VISION OF HIGH POINT UNIVERSITY IS TO BE A NATIONALLY PROMINENT, PRIVATE INSTITUTION RECOGNIZED FOR THE EXCELLENCE OF ITS ACADEMIC PROGRAMS, THE DEPTH OF ITS VALUES-BASED CULTURE, THE BREADTH OF ITS INCLUSIVENESS, AND THE STRENGTH OF ITS COMMITMENT TO HELPING STUDENTS LEAD LIVES OF SIGNIFICANCE. FORM 990, PART VI, SECTION A, LINE 2 PRESIDENT NIDO QUBEIN AND VICE PRESIDENT ANDREW BILLS SHARE A BUSINESS RELATIONSHIPS AS BOTH SERVED ON THE BOARD OF GREAT HARVEST BREAD COMPANY DURING THE FISCAL YEAR. BOARD OF TRUSTESS MEMBERS MARSHA AND JOHN SLANE ARE HUSBAND AND WIFE. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS CURRENTLY REVIEWED AND APPROVED BY THE UNIVERSITY PRESIDENT AND THE EXECTIVE VICE PRESIDENT FOR BUSINESS AFFAIRS WITH A COPY PROVIDED TO THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C EACH OFFICER OF THE ORGANIZATION IS REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT AGREEMENT WHICH THE UNIVERSITY MONITORS ON AN ONGOING BASIS AND REVIEWS THOROUGHLY AT LEAST ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15A INDEPENDENT CONSULTING FIRM WAS HIRED TO INITIALLY REVIEW THE COMPENSATION PACKAGE AND CONTINUES TO PROVIDE ONGOING GUIDANCE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -4,656,758. CHANGE IN INTEREST RATE SWAP -2,092,514. ROUNDING -3. TOTAL TO FORM 990, PART XI, LINE 5: -6,749,275. THE UNIVERSITY'S PROCESS FOR REVIEWING THE AUDITED FINANCIAL STATEMENTS HAS NOT CHANGED DURING THE YEAR. 1924 HOLDINGS LLC 833 MONTLIEU AVENUE HIGH POINT NC 27262 900660924 RENTAL NC 3914611 9051496 HIGH POINT UNIVERSITY