2013-11-14T07:21:37-06:00 2013-06-30 CRAWLEY LEE & COMPANY PA PO BOX 5595 ASHEVILLE NC 288135595 990 2012-07-01 560767736 WARREN WILSON COLLEGE WARR 8282983325 PO BOX 9000 ASHEVILLE NC 288159000 ALAN S RUSSELL CPA 8282983325 2013-11-15 false JAMES A LEE CPA 8282745524 2013-11-12 2012 2016-02-24 21:20:13Z 61998875 false X WWW.WARREN-WILSON.EDU X 1962 NC THE MISSION OF WARREN WILSON COLLEGE IS TO PROVIDE A DISTINCTIVE UNDERGRADUATE AND GRADUATE LIBERAL ARTS EDUCATION. THE COLLEGE'S UNDERGRADUATE EDUCATION COMBINES ACADEMICS, WORK, AND SERVICE IN A LEARNING COMMUNITY COMMITTED TO ENVIRONMENTAL RESPONSIBILITY, CROSS-CULTURAL UNDERSTANDING, AND THE COMMON GOOD. THE COLLEGE IS AN INDEPENDENT, ACCREDITED, FOUR-YEAR LIBERAL ARTS COLLEGE WHICH AWARDS THE BACHELOR OF SCIENCE DEGREE IN A VARIETY OF DISCIPLINES, THE BACHELOR OF ARTS DEGREE, AND THE MASTER OF FINE ARTS DEGREE IN CREATIVE WRITING. 36 33 1453 24 -227024 -227024 6357714 8370665 31091296 30904729 10283194 7815059 -576830 1335854 47155374 48426307 8410245 9707353 0 18652858 19392444 0 994388 10949990 11877986 38013093 40977783 9142281 7448524 108610397 114717461 18469985 19873826 90140412 94843635 X THE MISSION OF WARREN WILSON COLLEGE IS TO PROVIDE A DISTINCTIVE UNDERGRADUATE AND GRADUATE LIBERAL ARTS EDUCATION. THE COLLEGE'S UNDERGRADUATE EDUCATION COMBINES ACADEMICS, WORK, AND SERVICE IN A LEARNING COMMUNITY COMMITTED TO ENVIRONMENTAL RESPONSIBILITY, CROSS-CULTURAL UNDERSTANDING, AND THE COMMON GOOD. THE COLLEGE IS AN INDEPENDENT, ACCREDITED, FOUR-YEAR LIBERAL ARTS COLLEGE WHICH AWARDS THE BACHELOR OF SCIENCE DEGREE IN A VARIETY OF DISCIPLINES, THE BACHELOR OF ARTS DEGREE, AND THE MASTER OF FINE ARTS DEGREE IN CREATIVE WRITING. false false 33727926 9707353 30039659 MOST PROGRAMS RENDERED ARE RELATED TO PROVIDING STUDENTS, ON A NON- DISCRIMINATORY BASIS, FOUR-YEAR LIBERAL ARTS DEGREES THROUGH AN INTEGRATED TRIAD OF ACADEMIC STUDY, USEFUL AND PRODUCTIVE WORK, AND SERVICE TO OTHERS BEYOND THE CAMPUS COMMUNITY. THE FULL-TIME EQUIVALENT ENROLLEMNT AT THE COLLEGE DURING THE 2012-2013 ACADEMIC YEAR WAS APPROXIMATELY 902 UNDERGRADUATE STUDENTS, AND A TOTAL OF 198 STUDENTS GRADUATED FROM THE COLLEGE DURING THE YEAR. A LOW-RESIDENCY GRADUATE PROGRAM IN CREATIVE WRITING LEADING TO A MASTER OF FINE ARTS DEGREE IS ALSO OFFERED, AND AVERAGES AROUND 75 ENROLLEES. THE COLLEGE PREPARED STUDENTS REPRESENTING A BROADLY DIVERSE WORLD FOR SERVICE, LEADERSHIP, AND MEANINGFUL LIFELONG WORK AND STUDY BY OFFERING AN EDUCATIONAL PROGRAM THAT ENABLES STUDENTS TO THINK CRITICALLY, OBTAIN AND EVALUATE INFORMATION EFFECTIVELY, AND COMMUNICATE CLEARLY, INTRODUCING THEM TO A VARIETY OF WAYS BY WHICH HUMANS ACQUIRE AND USE KNOWLEDGE, AND THAT PROVIDES STUDENTS WITH OPPORTUNITIES TO DEVELOP A BREADTH OF UNDERSTANDING AND TO MAKE CONNECTIONS AMONG AREAS CONSIDERED CRITICAL TO A LIBERAL ARTS CURRICULUM, REQUIRING THAT THEY DEMONSTRATE A DEPTH OF UNDERSTANDING THROUGH COMPETENCE IN ONE OR MORE ACADEMIC DISCIPLINES. ENVIRONMENTAL STUDIES IS THE MAJOR WITH THE LARGEST NUMBER OF STUDENTS, IN KEEPING WITH ANOTHER INSTITUTIONAL OBJECTIVE, THAT OF PROMOTING ENVIRONMENTAL RESPONSIBILITY THROUGH EDUCATION, CAMPUS OPERATIONS, POLICY, AND COMMUNITY OUTREACH. THE COLLEGE ALSO FURNISHES STUDENTS WITH OPPORTUNITIES TO UNDERSTAND AND APPRECIATE A VARIETY OF CULTURES, ASSISTING THEM IN DEVELOPING AWARENESS OF THE COMMONALITY OF HUMAN PROBLEMS AND THE DIVERSITY OF THE WORLD. TOWARD THESE ENDS, THE COLLEGE SPONSORED A NUMBER OF STUDY ABROAD DESTINATIONS IN CUBA, ENGLAND, PANAMA, MEXICO, ALASKA, CHINA, INDONESIA TO WHICH 79 STUDENTS TRAVELED, LED BY THE COLLEGE'S OWN FACULTY AND STAFF. IN ADDITION, 29 STUDENTS STUDIED ABROAD INDEPENDENTLY FOR THE SUMMER, SEMESTER, OR YEAR WITH PARTNER INSTITUTIONS OR OTHER U.S. ACCREDITED PROGRAMS IN FOUR DIFFERENT AFRICAN NATIONS, EIGHT LATIN AMERICAN NATIONS, SEVEN EUROPEAN NATIONS, THREE NATIONS IN ASIA, AND TWO NATIONS IN AUSTRALIA OCEANA. THE TRIAD CONCEPT OF EDUCATION ALSO LEADS STUDENTS INTO CONSIDERED REFLECTION ON THE MEANING AND VALUE OF WORK AND SERVICE TO OTHERS, GUIDING STUDENTS IN EXAMINING THEIR LIVES AND ARTICULATING THEIR BELIEFS AND VALUES, AND PROVIDES THEM WITH OPPORTUNITIES FOR PERSONAL, PHYSICAL, MORAL, AND SPIRITUAL DEVELOPMENT. TOWARDS THESE ENDS, THE COLLEGE ORGANIZED 116 DIVERSE WORK CREWS IN THE COLLEGE WORK PROGRAM DURING THE YEAR, WITH APPROXIMATELY 783 STUDENTS PARTICIPATING IN THE FALL OF 2012 AND 698 STUDENTS PARTICIPATING IN THE SPRING OF 2013. THE ANNUAL COLLEGE-WIDE WORK DAY YIELDED ABOUT 390 STUDENT PARTICIPANTS AND ABOUT 30 FACULTY/STAFF PARTICIPANTS. IN THE SERVICE AREA TRIAD, OVER 818 STUDENTS COMPLETED 54,613 VOLUNTEER HOURS AT 295 LOCAL, NATIONAL, AND INTERNATIONAL AGENCIES DURING THE YEAR. 574548 865070 THE SWANNANOA GATHERING IS A SERIES OF WEEKLY EDUCATION SUMMER MUSIC WORKSHOPS HELD ON THE WARREN WILSON COLLEGE CAMPUS EACH JULY AND AUGUST. THE ENROLLMENT IS LIMITED, WITH AN OPEN FORMAT, WHICH ALLOWS EACH STUDENT TO SELECT THEIR OWN CURRICULUM FROM A VARIETY OF COURSES WITH DIFFERENT EXPERIENCE LEVELS AND ABILITIES. HOUSING AND MEALS FOR PARTICIPANTS IS AN OPTION. THE NORTH CAROLINA DEPARTMENT OF PUBLIC INSTRUCTION HAS ALLOWED 3 HOURS OF TEACHING CERTIFICATE RENEWAL CREDITS, WITH PRIOR APPROVAL, FOR EACH WEEK OF THE SERIES. TOTAL STUDENTS IN THE SUMMER OF 2012 WERE 927, RANGING BETWEEN 60 AND 257 PARTICIPANTS FOR EACH OF THE FIVE WEEKS. 34302474 true true false false false false false false true true true true false true true true true false true false false false true false false false false false true true false false false false false false true false true false false false false false false false false true 262 0 1453 true true true false false false false false false false false false false false false false false X 36 33 false false false false false false false true true false false false true true true true false true true false X MARY DAVIS CONTROLLER 8282983325 701 WARREN WILSON ROAD SWANNANOA NC 28778 STEVEN L SOLNICK EX-OFFICIO 40.00 X X 246604 0 20434 JONATHAN D EHRLICH PAC 40.00 X X 125848 0 24235 PAULA K GARRETT PAC 40.00 X X 120548 0 22136 RICHARD BLOMGREN PAC 40.00 X X 115754 0 23202 IAN ROBERTSON PAC 40.00 X X 79841 0 16909 CATHY KRAMER PAC 40.00 X X 62558 0 17966 PAUL PERRINE PAC 40.00 X X 60309 0 24796 ROWENA M POMEROY PAC 40.00 X X 46027 0 4802 JOEL B ADAMS JR 2.50 X 0 0 0 JOHN W ALEXANDER 1.50 X 0 0 0 LESLIE ANDERSON 1.50 X 0 0 0 H ROSS ARNOLD III 1.50 X 0 0 0 MYRON P BOON 1.00 X 0 0 0 ALICE C BUHL 2.50 X 0 0 0 STUART U BUICE 1.00 X 0 0 0 CARMEN CASTALDI 1.00 X 0 0 0 WILLIAM H CHRISTY 2.00 X 0 0 0 DONALD R COOPER 1.50 X 0 0 0 HENRY J COPELAND 1.50 X 0 0 0 JOHN W CRUIKSHANK III 1.00 X 0 0 0 TOM C S DAO 1.00 X 0 0 0 SHERLE STEVENSON EDWARDS 1.00 X 0 0 0 JONATHAN L ELION 2.00 X 0 0 0 ROSA LEE HARDEN 1.00 X 0 0 0 THOMAS K JOHNSON 1.50 X 0 0 0 JOSEPH KARPEN 1.50 X 0 0 0 STEVEN M KANE 1.00 X 0 0 0 THOMAS L KILDAY 1.00 X 0 0 0 JAMES A KUHNS 1.00 X 0 0 0 WILLIAM A LARAMEE 1.00 X 0 0 0 ANNE GRAHAM MASTERS 1.50 X 0 0 0 MACK B PEARSALL 2.00 X 0 0 0 GEORGE ANDREW SCOTT 1.00 X 0 0 0 GEORGE E STUART 1.00 X 0 0 0 TERRY V SWICEGOOD 1.00 X 0 0 0 STEPHEN L UMMEL 2.00 X 0 0 0 FRANCES M WHITFIELD 1.00 X 0 0 0 MELISSA T DAVIS EX-OFFICIO 1.00 X 0 0 0 HOWELL L FERGUSON EX-OFFICIO 0.00 X 0 0 0 KATHERINE E GREEN EX-OFFICIO X 0 0 0 J LLOYD HORTON EX-OFFICIO 1.50 X 0 0 0 RONALD F HUNT EX-OFFICIO X 0 0 0 DAVID G MOORE EX-OFFICIO 1.00 X 0 0 0 POLYXENIA J PANTOS EX-OFFICIO 1.50 X 0 0 0 HUGH D VERNER EX-OFFICIO 0.00 X 0 0 0 THOMAS F MAINOR 1.50 X 0 0 0 KERITH A WILLEVER 1.00 X 0 0 0 JOHN BROCK X 76486 0 12028 WILLIAM S PFEIFFER 0.00 X 222519 0 25484 1156494 191992 5 true true false ESKOLA LLC 2418 MORELOCK ROAD MORRISTOWN TN 37814 ROOFING 177137 DALTONS INC 1272B OLD FORT ROAD FAIRVIEW NC 28730 CONSTRUCTION 160126 LORD AECK & SARGE 1201 PEACHTREE STREET NE SUITE 300 ATLANTA GA 30361 ARCHITECTURE 145157 3 2610130 5760535 348509 8370665 TUITION AND FEES 611710 23694380 23694380 AUXILIARY ENTERPRISES 611710 6345279 6345279 SWANNANOA GATHERING 611600 865070 865070 30904729 -128863 -128863 20253360 859172 12290842 877768 7962518 -18596 7943922 7943922 176934 403958 -227024 -227024 CHANGE IN INTEREST RATE SWAP 900099 744955 744955 OTHER INCOME 900099 621948 621948 GAIN ON PERPETUAL TRUSTS 124671 124671 71304 71304 1562878 48426307 38848651 -227024 1434015 9385689 9385689 321664 321664 1100483 262379 768626 69478 298976 50973 248003 14493026 12838895 1117338 536793 1076461 868179 147686 60596 1498779 1246041 178578 74160 924719 707725 170334 46660 588569 588569 1916147 1679511 236636 INSTITUTIONAL SUPPORT & F 2431852 2225151 206701 AUXILIARY ENTERPRISES-OTH 2095900 2095900 INSTRUCTION-OTHER 1623720 1623720 STUDENT SERVICES-OTHER 1402779 1402779 1819019 1819019 40977783 34302474 5680921 994388 1850 1850 8487457 10901082 602510 1613435 465347 842697 47127 45759 199650 194481 314458 339199 68566897 36664834 32071289 31902063 13886453 15296911 45019695 46599693 7514561 6980291 108610397 114717461 913915 643119 792643 862129 11505000 13702338 5258427 4666240 18469985 19873826 X 32269132 31054695 30385372 34506733 27485908 29282207 90140412 94843635 108610397 114717461 7448524 -2745301 X X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true 95558 201352 219127 77783 false 61612768 1664432 4936937 1257768 1756779 1050 65198540 55604445 447618 8050656 1123071 1366630 250 61612768 51020460 2307494 4549816 1018222 1253582 1520 55604446 44624971 535142 7925351 940636 1123964 404 51020460 45535622 3001958 -1973292 918433 1011527 9357 44624971 0.16700 0.44900 0.38400 true false 2964494 2964494 53673112 26117924 27555188 11292611 10162384 1130227 636680 384526 252154 31902063 LIMITED PARTNERSHIPS 45917696 F CASH EQUIVALENTS 681997 F 46599693 BENEFICIAL INTEREST IN CHARITABLE RE 5468035 CASH/EQUIVALENTS RESTRICTED TO INVES 1102902 CONSTRUCTION IN PROGRESS 376250 OTHER ASSETS 33104 PROPERTY HELD FOR RESALE 6980291 ADVANCE TUITION & ROOM DEPOSITS 2167108 SWAP INSTRUMENT 1619810 ANNUITY PAYABLE 599834 OTHER 157916 OBLIGATIONS UNDER CAPITAL LEASE 121572 4666240 X 36377612 -2745301 -9707353 -12452654 48830266 -403959 -403959 48426307 31674389 31674389 9303394 9303394 40977783 EXPLANATION FOR UNREPORTED CONTRIBUTIONS OR ASSETS SCHEDULE D, PAGE 2, PART IV, LINE 1B THE COLLEGE HOLDS FUNDS FOR A VARIETY OF ACADEMIC, INSTITUTIONAL, AND STUDENT GROUPS AND ACCOUNTS FOR ADDITIONS TO AND DISTRIBUTIONS FROM THESE FUNDS SEPARATELY. INTENDED USES FOR ENDOWMENT FUNDS SCHEDULE D, PAGE 2, PART V, LINE 4 THE COLLEGE'S ENDOWMENT INVESTMENT AND SPENDING POLICIES WORK TOGETHER IN AN ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF ITS ENDOWMENT ASSETS OVER THE LONG TERM THROUGH ADDITIONAL REAL GROWTH FROM INVESTMENT RETURNS. THE INVESTMENT POLICY SEEKS TO ACHIEVE A LONG-TERM RETURN OBJECTIVE OF AT LEAST 6% ABOVE INFLATION OVER A ROLLING 3-5 YEAR PERIOD, RELYING ON A TOTAL RETURN STRATEGY IN WHICH INVESTMENT RETURNS ARE ACHIEVED THROUGH BOTH CAPITAL APPRECIATION (REALIZED AND UNREALIZED) AND CURRENT YIELD (INTEREST AND DIVIDENDS). THE SPENDING POLICY FOR THE CURRENT YEAR CALCULATES THE DISBURSEMENT FROM THE ENDOWMENT FUNDS BASED ON 8% OF THE AVERAGE FAIR VALUE OF THE PRIOR 12 QUARTERS FOR THE UNRESTRICTED FUNDS AND 5% FOR THE RESTRICTED FUNDS. THE INCREASED DRAW OF 3% FOR THE UNRESTRICTED FUNDS WAS USED FOR PRESIDENTIAL TRANSITION COSTS. THE SPENDING POLICY ALLOWS FOR THE PRESERVATION OF PRINCIPAL AS WELL AS CAPITAL APPRECIATION. LIABILITY UNDER FIN 48 FOOTNOTE SCHEDULE D, PAGE 3, PART X THE COLLEGE'S POLICY IS TO EVALUATE ALL TAX POSITIONS AND TO CONSULT WITH EXPERTS TO IDENTIFY THOSE THAT MAY BE CONSIDERED UNCERTAIN. ALL IDENTIFIED MATERIAL TAX POSITIONS WILL BE ASSESSED AND MEASURED BY A REASONABLY POSSIBLE THRESHOLD TO DETERMINE IF THE BENEFIT OF AN UNCERTAIN TAX POSITION SHOULD BE RECOGNIZED IN THE FINANCIAL STATEMENTS. ANY CHANGED IN THE AMOUNT OF A TAX POSITION WILL BE RECOGNIZED IN THE PERIOD THE CHANGE OCCURS. THE COLLEGE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT ON INCOME DERIVED FROM THE UNRELATED BUSINESS INCOME ACTIVITIES. THE COLLEGE'S FEDERAL RETURNS OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) FOR 2012, 2011, AND 2010 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. THE COLLEGE'S FEDERAL EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURNS (FORM 990T) FOR 2012, 2011, AND 2010 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. REVENUE AMOUNTS INCLUDED IN FINANCIALS - OTHER SCHEDULE D, PAGE 4, PART XI, LINE 2D SCHOLARSHIPS/FELLOWSHIPS NETTED WITH TUITION ON FINANCIAL -9,707,353 REVENUE AMOUNTS INCLUDED ON RETURN - OTHER SCHEDULE D, PAGE 4, PART XI, LINE 4B UNRELATED BUSINESS COST OF GOODS SOLD REPORTED SEPARATELY -403,959 EXPENSE AMOUNTS INCLUDED ON RETURN - OTHER SCHEDULE D, PAGE 4, PART XII, LINE 4B SCHOLARSHIPS/FELLOWSHIPS NETTED WITH TUITION ON FINANCIAL 9,707,353 UNRELATED BUSINESS COST OF GOODS SOLD REPORTED SEPARATELY -403,959 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 NONDISCRIMINITORY POLICIES OF THE COLLEGE ARE MADE KNOWN TO ALL SCHOOLS AND AREAS VISITED BY THE ADMISSIONS PERSONNEL AS WELL AS IN ALL COLLEGE LITERATURE FINANCIAL AID OR GOVERNMENT ASSISTANCE EXPLANATION SCHEDULE E LINE 6 WARREN WILSON COLLEGE RECEIVES FEDERAL AND STATE FINANCIAL AID AND GRANTS OTHER SCHOLARSHIPS VARIOUS 23 321664 FMV false false false false false false true FEDERAL CAMPUS NEED-BASED 85 100262 FAFSA RESU NC STATE CAMPUS NEED-BASE 109 452967 FAFSA RESU OTHER NEED BASED/MERIT 649 8832460 FAFSA/ACAD PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS INSIDE THE UNITED STATES SCHEDULE I, PAGE 1, PART I, LINE 2 THE OFFICE OF ADVANCEMENT WORKS WITH DONORS TO ESTABLISH GUIDELINES FOR THE USE AND DISBURSEMENT OF ANY DONATED FUNDS ACCORDING TO THE DONOR'S WISHES AND WITHIN PRACTICAL AND LEGAL PROCESSES. THE DONOR'S RESTRICTIONS ("WISHES") ARE PUT IN WRITING WITH COPIES MAINTAINED IN THE ADVANCEMENT OFFICE, THE CONTROLLER'S OFFICE, AND THE FINANCIAL AID OFFICE, IF APPLICABLE. IF THE DONATION IS FOR GRANTS OR SCHOLARSHIPS TO BE DISTRIBTED BY THE FINANCIAL AID OFFICE, THE ASSISTANT DIRECTOR OF FINANCIAL AID MAINTAINS A SPREASHEET OF GRANT TITLES AND RESTRICTIONS WHICH ARE UPDATED AS NEEDED AS WELL AS A PERMANENT PAPER FILE. THE GRANTS OR SCHOLARSHIPS ARE "MATCHED" WITH AN ELIGIBLE RECIPIENT BY THE ASSISTANT DIRECTOR. THE ADVANCEMENT OFFICE WILL RECEIVE A LIST OF THESE RECIPIENTS IN THE FALL AND AN UPDATED LIST IN THE EARLY SPRING. THE ADVANCEMENT OFFICE REVIEWS THE LIST AND PREPARES LUNCHEON INVITATIONS FOR MOST OF THE RECIPIENTS AND DONORS. THE FINAL STEP IN THE PROCESS IS A RANDOM AUDIT CONDUCTED ONCE A YEAR BY AN OUTSIDE AUDIT FIRM. ADDITIONAL INFORMATION SCHEDULE I, PAGE 4, PART IV NEED-BASED GRANTS WERE AWARDED TO WARREN WILSON COLLEGE STUDENTS BASED ON FAFSA (FREE APPLICATION FOR STUDENT AID) RESULTS. FAFSA RESULTS ARE NOT REQUIRED TO BE CONSIDERED FOR MERIT SCHOLARSHIPS, BUT MANY OF THESE DOLLARS WERE USED TO MEET THE FEDERAL DEFINITION OF 'NEED'. X X X false true X X X X true false false false false false false false false STEVEN L SOLNICK EX-OFFICIO 184046 62558 14583 5851 267038 JONATHAN D EHRLICH PAC 124769 1079 12956 11279 150083 WILLIAM S PFEIFFER 219026 3493 14583 10901 248003 FRINGE OR EXPENSE EXPLANATION SCHEDULE J, PAGE 1, PART I, LINE 1A DISCRETIONARY SPENDING ACCOUNT: THE COLLEGE DOES NOT BUDGET DISCRETIONARY ACCOUNTS. HOWEVER, SOME OFFICERS HAVE DISCRETIONARY FUNDS THAT DONORS HAVE RESTRICTED FOR THAT PURPOSE. HOUSING ALLOWANCE/PERSONAL RESIDENCE: AS A CONDITION OF EMPLOYMENT, DEAN OF STUDENTS IS REQUIRED TO LIVE ON CAMPUS IN COLLEGE OWNED RESIDENCES. THE COLLEGE IS RENTING A HOUSE OFF-CAMPUS FOR THE PRESIDENT, WHICH IS INCLUDED IN THE PRESIDENT'S COMPENSATION. PERSONAL SERVICES: THE PRESIDENT IS REIMBURSED FOR THE CLEANING OF HIS HOME AND FOR OTHER EXPENSES RELATED TO OFFICIAL COLLEGE FUNCTIONS THAT TAKE PLACE THERE. WRITTEN REIMBURSEMENT POLICY EXPLANATION SCHEDULE J, PAGE 1, PART I, LINE 1B ALTHOUGH THE COLLEGE DOES NOT HAVE A WRITTEN POLICY REGARDING PAYMENT OR REIMBURSEMENT OF THE EXPENSES IT IS UNDERSTOOD BY EMPLOYEES THAT THE COLLEGE UTILIZES BEST PRACTICES. THE COLLEGE HAS POLICIES IN PLACE IN REGARD TO REIMBURSEMENT OF TRAVEL, ENTERTAINMENT, AND SIMILAR EXPENSES. ALL OFFICERS, TRUSTEES, AND THE COLLEGE PRESIDENT FOLLOW ACCOUNTABLE REIMBURSEMENT PLANS. SEVERANCE, NONQUALIFIED, AND EQUITY-BASED PAYMENTS SCHEDULE J, PAGE 1, PART I, LINE 4 WILLIAM S PFEIFFER 248,003 0 0 MAEVE O'CONNOR PRESIDENT SPOUS 25000 SEE BELOW false DONNA READ DOMESTIC PARTNE 30000 SEE BELOW false ADDITIONAL INFORMATION SCHEDULE L PART V OCONNOR WITH THE APPROVAL OF THE COLLEGE BOARD OF TRUSTEES THE PRESIDENTS WIFE RECEIVES 25000 IN TAXABLE INCOME ANNUALLY FROM THE COLLEGE FOR THE PERFORMANCE OF CERTAIN OFFICIAL DUTIES AS THE SPOUSE OF THE PRESIDENT READ EMPLOYEED BY THE COLLEGE AS AN INSTRUCTOR IN OUTDOOR LEADERSHIP AND PHYSICAL EDUCATION X 7 265533 X 1 82976 X FIAT ALLIS 66 1 NO VALUE ASSIGNED false true false ORGANIZATION'S MISSION FORM 990 - ORGANIZATION'S MISSION THE MISSION OF WARREN WILSON COLLEGE IS TO PROVIDE A DISTINCTIVE UNDERGRADUATE AND GRADUATE LIBERAL ARTS EDUCATION. THE COLLEGE'S UNDERGRADUATE EDUCATION COMBINES ACADEMICS, WORK, AND SERVICE IN A LEARNING COMMUNITY COMMITTED TO ENVIRONMENTAL RESPONSIBILITY, CROSS-CULTURAL UNDERSTANDING, AND THE COMMON GOOD. THE COLLEGE IS AN INDEPENDENT, ACCREDITED, FOUR-YEAR LIBERAL ARTS COLLEGE WHICH AWARDS THE BACHELOR OF SCIENCE DEGREE IN A VARIETY OF DISCIPLINES, THE BACHELOR OF ARTS DEGREE, AND THE MASTER OF FINE ARTS DEGREE IN CREATIVE WRITING. FIRST ACCOMPLISHMENT DESCRIPTION FORM 990, PAGE 2, PART III, LINE 4A EDUCATIONAL PROGRAM THAT ENABLES STUDENTS TO THINK CRITICALLY, OBTAIN AND EVALUATE INFORMATION EFFECTIVELY, AND COMMUNICATE CLEARLY, INTRODUCING THEM TO A VARIETY OF WAYS BY WHICH HUMANS ACQUIRE AND USE KNOWLEDGE, AND THAT PROVIDES STUDENTS WITH OPPORTUNITIES TO DEVELOP A BREADTH OF UNDERSTANDING AND TO MAKE CONNECTIONS AMONG AREAS CONSIDERED CRITICAL TO A LIBERAL ARTS CURRICULUM, REQUIRING THAT THEY DEMONSTRATE A DEPTH OF UNDERSTANDING THROUGH COMPETENCE IN ONE OR MORE ACADEMIC DISCIPLINES. ENVIRONMENTAL STUDIES IS THE MAJOR WITH THE LARGEST NUMBER OF STUDENTS, IN KEEPING WITH ANOTHER INSTITUTIONAL OBJECTIVE, THAT OF PROMOTING ENVIRONMENTAL RESPONSIBILITY THROUGH EDUCATION, CAMPUS OPERATIONS, POLICY, AND COMMUNITY OUTREACH. THE COLLEGE ALSO FURNISHES STUDENTS WITH OPPORTUNITIES TO UNDERSTAND AND APPRECIATE A VARIETY OF CULTURES, ASSISTING THEM IN DEVELOPING AWARENESS OF THE COMMONALITY OF HUMAN PROBLEMS AND THE DIVERSITY OF THE WORLD. TOWARD THESE ENDS, THE COLLEGE SPONSORED A NUMBER OF STUDY ABROAD DESTINATIONS IN CUBA, ENGLAND, PANAMA, MEXICO, ALASKA, CHINA, INDONESIA TO WHICH 79 STUDENTS TRAVELED, LED BY THE COLLEGE'S OWN FACULTY AND STAFF. IN ADDITION, 29 STUDENTS STUDIED ABROAD INDEPENDENTLY FOR THE SUMMER, SEMESTER, OR YEAR WITH PARTNER INSTITUTIONS OR OTHER U.S. ACCREDITED PROGRAMS IN FOUR DIFFERENT AFRICAN NATIONS, EIGHT LATIN AMERICAN NATIONS, SEVEN EUROPEAN NATIONS, THREE NATIONS IN ASIA, AND TWO NATIONS IN AUSTRALIA OCEANA. THE TRIAD CONCEPT OF EDUCATION ALSO LEADS STUDENTS INTO CONSIDERED REFLECTION ON THE MEANING AND VALUE OF WORK AND SERVICE TO OTHERS, GUIDING STUDENTS IN EXAMINING THEIR LIVES AND ARTICULATING THEIR BELIEFS AND VALUES, AND PROVIDES THEM WITH OPPORTUNITIES FOR PERSONAL, PHYSICAL, MORAL, AND SPIRITUAL DEVELOPMENT. TOWARDS THESE ENDS, THE COLLEGE ORGANIZED 116 DIVERSE WORK CREWS IN THE COLLEGE WORK PROGRAM DURING THE YEAR, WITH APPROXIMATELY 783 STUDENTS PARTICIPATING IN THE FALL OF 2012 AND 698 STUDENTS PARTICIPATING IN THE SPRING OF 2013. THE ANNUAL COLLEGE-WIDE WORK DAY YIELDED ABOUT 390 STUDENT PARTICIPANTS AND ABOUT 30 FACULTY/STAFF PARTICIPANTS. IN THE SERVICE AREA TRIAD, OVER 818 STUDENTS COMPLETED 54,613 VOLUNTEER HOURS AT 295 LOCAL, NATIONAL, AND INTERNATIONAL AGENCIES DURING THE YEAR. MATERIAL DIFFERENCES IN VOTING RIGHTS EXPLANATION FORM 990, PAGE 6, PART VI PER ARTICLE IV, SECTION 4.5 OF THE COLLEGE BYLAWS, BOARD TRUSTEES EMERITI DO NOT HAVE THE RIGHT TO VOTE. IN ADDITION, EX-OFFICIO BOARD TRUSTEES MAY VOTE ON ALL MATTERS EXCEPT FOR THE FOLLOWING: (A) AMENDING OR RESTATING THE COLLEGE'S ARTICLES OF INCORPORATION; (B) AMENDING OR RESTATING THE COLLEGE'S BYLAWS; (C) SELECTING OR REMOVING THE COLLEGE'S PRESIDENT; (D) INCREASING OR DECREASING THE NUMBER OF TRUSTEES ON THE BOARD; (E) DISSOLVING THE COLLEGE'S CORPORATE EXISTENCE, MERGING THE COLLEGE WITH ANY OTHER ENTITY, OR SELLING, PLEDGING OR TRANSFERRING ALL OR SUBSTANTIALLY ALL OF THE COLLEGE'S ASSETS. AUTHORITY DELEGATED TO COMMITTEE EXPLANATION FORM 990, PAGE 6, PART VI, LINE 1A ARTICLE VII, SECTION 7.4 OF THE COLLEGE BYLAWS DELEGATES BOARD AUTHORITY TO THE EXECUTIVE COMMITTEE TO ACT ON BEHALF OF THE BOARD OF TRUSTEES DURING THE INTERVALS BETWEEN MEETINGS OF THE FULL BOARD, EXCEPT THAT THE EXECUTIVE COMMITTEE MAY NOT (A) RECOMMEND OR APPROVE DISSOLUTION, MERGER OR THE SALE, PLEDGE, OR TRANSFER OF ALL OR SUBSTANTIALLY ALL OF THE COLLEGE'S ASSETS, (B) ELECT, APPOINT, OR REMOVE TRUSTEES OR FILL BOARD VACANCIES OR ON ANY OF ITS COMMITTEES, (C) ADOPT, AMEND, OR REPEAL THE ARTICLES OF INCORPORATION OR BYLAWS, OR (D) TERMINATE THE EMPLOYMENT OF THE PRESIDENT OF THE COLLEGE. THE EXECUTIVE COMMITTEE CONSISTS OF THE CHAIR, VICE CHAIR, IMMEDIATE PAST CHAIR, THE PERSIDENT, SECRETARY, AND TREASURER OF THE BOARD, AND THE CHAIRS OF THE STANDING COMMITTEES OF THE BOARD, INCLUDING THE AUDIT AND TRUSTEESHIP COMMITTEES. IN ADDITION, UNDER BYLAWS ARTICLE III SECTION 3.12, THE BOARD MAY BY RESOLUTION DELEGATE TO COMMITTEES, OR TO OFFICERS OR EMPLOYEES OF THE COLLEGE, SUCH DUTIES AS IT MAY SEE FIT, EXCEPT AS LIMITED BY STATUTE OR THE BYLAWS. ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11B UPON RECEIVING THE DRAFT COPY OF FORM 990, CERTAIN QUESTIONS THAT ARISE ARE DISTRIBUTED TO THE APPROPRIATE STAFF. KEY PERSONNEL AND TRUSTEES REVIEW THE FORM 990 BEFORE IT IS SIGNED, INCLUDING THE VICE PRESIDENT FOR ADMINISTRATION AND FINANCE/CHIEF FINANCIAL OFFICER AND THE CONTROLLER, AND THE CHAIR OF THE STANDING AUDIT COMMITTEE AND THE CHAIR OF THE BOARD. THE FULL BOARD IS PROVIDED THE OPPORTUNITY TO REVIEW THE COPY OF THE RETURN WITHOUT SCHEDULE B ON ITS PASSWORD-PROTECTED WEBSITE, WITH A NOTICE THAT THE FULL SCHEDULE B IS AVAILABLE FOR REVIEW IN THE CONTROLLER'S OFFICE. ENFORCEMENT OF CONFLICTS POLICY FORM 990, PAGE 6, PART VI, LINE 12C THE COLLEGE HAS A WRITTEN CONFLICT OF INTEREST POLICY, LAST AMENDED ON OCTOBER 2, 2007, WHICH SPECIFIES IN DETAIL THOSE CIRCUMSTANCES GIVING RISE TO A POTENTIAL CONFLICT OF INTEREST ON THE PART OF THE COLLEGE TRUSTEES. PURSUANT TO THIS POLICY, TRUSTEES MUST FILE AN ANNUAL REPORT SPECIFYING ANY RELATIONSHIPS OR ACTIVITIES WHICH MIGHT POSSIBLY CONSTITUTE A CONFLICT. THESE REPORTS ARE REVIEWED BY THE CHAIR OF THE AUDIT COMMITTEE OF THE BOARD AS WELL AS THE CHAIR OF THE BOARD OF TRUSTEES AND ANY ISSUES RAISED BY A SPECIFIC REPORT ARE RESOLVED ACCORDING TO THE PROCEDURES OUTLINED IN THE CONFLICT OF INTEREST POLICY. A SIMILAR POLICY FOR EMPLOYEES OF THE COLLEGE WAS APPROVED AT A STAFF FORUM ON MARCH 23, 2011 AND DEFINES CONFLICT OF INTEREST AND RELATED TERMS AND OUTLINES A PROCEDURE FOR DISCLOSURE, REPORTING AND COMPLIANCE WITH THE POLICY. COMPENSATION PROCESS FOR TOP OFFICIAL FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD OF TRUSTEES, ACTING EITHER AS A BOARD OR THROUGH ITS EXECUTIVE COMMITTEE, IS RESPONSIBLE FOR AN ANNUAL REVIEW OF THE PRESIDENT'S PERFORMANCE AND APPROVES ANY ADJUSTMENTS TO HIS ANNUAL SALARY AS PART OF THAT REVIEW. THE PROCESS FOR THIS REVIEW AND APPROVAL HAS IN THE PAST CONSISTED OF (1) A REVIEW OF THE PRESIDENT'S ACTIVITIES AND ACHIEVEMENTS EACH YEAR BY THE CHAIR OF THE BOARD; (2) A REPORT BY THE CHAIR OF THE RESULTS OF THAT REVIEW TO THE FULL BOARD OR THE EXECUTIVE COMMITTEE OF THE BOARD, DEPENDING UPON WHETHER THE REVIEW IS A ONE-YEAR OR A THREE-YEAR REVIEW; (3) THE PRESENTATION BY THE CHAIR OF A RECOMMENDATION TO THE BOARD OR EXECUTIVE COMMITTEE OF A SALARY ADJUSTMENT, IF APPROPRIATE; AND (4) THE APPROVAL OR DISAPPROVAL, AS THE CASE MAY BE, BY THE BOARD OR EXECUTIVE COMMITTEE OF SUCH RECOMMENDED SALARY ADJUSTMENT. IN FORMULATING THE RECOMMENDATION FOR A SALARY ADJUSTMENT, IT HAS BEEN THE PRACTICE OF THE CHAIR TO REVIEW COMPARABLE SALARY DATA FOR OTHER PRIVATE COLLEGES AND UNIVERSITIES IN NORTH CAROLINA TO DETERMINE SALARY TRENDS AND ACTUAL SALARIES PAID TO PRESIDENTS OF SIMILARLY SITUATED INSTITUTIONS. THESE DATA ARE SHARED WITH THE BOARD AT THE TIME THE RECOMMENDATION IS SUBMITTED TO THE BOARD OR EXECUTIVE COMMITTEE. COMPENSATION PROCESS FOR OFFICERS FORM 990, PAGE 6, PART VI, LINE 15B THE BOARD DOES NOT DIRECTLY APPROVE SALARY ADJUSTMENTS FOR THE OFFICERS AND KEY PERSONNEL OF THE COLLEGE. IT DOES, HOWEVER, IN APPROVING THE BUDGET FOR THE COLLEGE DURING ANY PARTICULAR FISCAL YEARS, EXERCISE CONTROL OVER THE AMOUNT OF AGGREGATE SALARY ADJUSTMENTS BY FIXING A PERCENTAGE INCREASE IN THE BUDGET FOR SUCH INCREASES. WITHIN THIS AGGREGATE PERCENTAGE, THE PRESIDENT IS AUTHORIZED TO ADJUST INDIVIDUAL SALARIES. SOME SUCH ADJUSTMENTS EXCEED THE AGGREGATE PERCENTAGE INCREASE AND SOME WILL FALL BELOW THE AVERAGE, DEPENDING ON INDIVIDUAL PERFORMANCE REVIEWS. IN ADDITION, THE PRESIDENT OF THE COLLEGE, IN REVIEWING INDIVIDUAL SALARIES, ALSO RELIES ON DATA RELATING TO COMPARABLE POSITIONS AT PEER GROUP SCHOOLS AS WELL AS OTHER STATISTICAL DATA. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FORM 990, PAGE 6, PART VI, LINE 19 THE COLLEGE'S CURRENT POLICY IS TO MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC ON A CASE-BY-CASE, NEED-TO-KNOW BASIS, RESERVING THE RIGHT TO WITHHOLD THIS INFORMATION IN SITUATIONS DEEMED POTENTIALLY HARMFUL TO THE COLLEGE. THE COLLEGE MAKES ITS FINANCIAL STATEMENTS AVAILABLE ON VARIOUS WEBSITES, AND UPON REQUEST BY DONORS, FOUNDATIONS, AND AGENCIES. RECONCILIATION OF CHANGES - OTHER FORM 990, PART XI, LINE 9 SCHOLARSHIPS/FELLOWSHIPS NETTED WITH TUITION ON FINANCIAL -9,707,353 UNRELATED BUSINESS COST OF GOODS SOLD REPORTED SEPARATELY 403,959 SCHOLARSHIPS/FELLOWSHIPS NETTED WITH TUITION ON FINANCIAL 9,707,353 UNRELATED BUSINESS COST OF GOODS SOLD REPORTED SEPARATELY -403,959 CHANGE IN FINANCIAL REVIEW PROCESS FORM 990, PAGE 12, PART XII, LINE 2C THE STANDING AUDIT COMMITTEE OF THE BOARD OF TRUSTEES CONSISTS OF THREE OR MORE TRUSTEES ELECTED BY THE BOARD, AND CANNOT INCLUDE THE BOARD CHAIR, VICE CHAIR, PRESIDENT, TREASURER, OR CHAIR OF THE BUSINESS AND FINANCE COMMITTEE. THE AUDIT COMMITTEE RECOMMENDS TO THE BOARD THE DESIGNATION OF AN INDEPENDENT AUDITOR EACH YEAR AND CAUSES AN AUDITED STATEMENT OF THE FINANCIAL CONDITION OF THE COLLEGE AS OF THE CLOSE OF THE FISCAL YEAR AND OF THE RECEIPTS AND EXPENDITURES OF EACH YEAR TO BE PREPARED AND SUBMITTED TO THE BOARD OF TRUSTEES AT LEAST ONCE A YEAR. THE INDEPENDENT AUDITOR HAS ACCESS TO THE AUDIT COMMITTEE AT ANY TIME.