2013-02-08T11:09:19-07:00 2012-06-30 990 2011-07-01 540506314 HOLLINS UNIVERSITY CORPORATION HOLL 5403626343 PO BOX 9658 Roanoke VA 240201658 Kerry Edmonds 5403626630 2013-02-08 2011 2016-02-25 16:41:14Z Kerry Edmonds PO BOX 9658 Roanoke VA 240201658 50193849 0 X WWW.HOLLINS.EDU X 1842 VA OPERATION OF A PRIVATE, NON-PROFIT UNIVERSITY 26 26 1048 5 50058 46115 10573399 11614340 32119572 31355421 4355793 5682173 411814 310620 47460578 48962554 11549383 12001636 0 0 558868 702111 0 0 1023351 32308942 31949811 44417193 44653558 3043385 4308996 222959116 223525243 4928261 5978685 218030855 217546558 HOLLINS UNIVERSITY IS AN INDEPENDENT LIBERAL ARTS UNIVERSITY DEDICATED TO ACADEMIC EXCELLENCE AND HUMANE VALUES. HOLLINS UNIVERSITY OFFERS UNDERGRADUATE LIBERAL ARTS EDUCATION FOR WOMEN, SELECTED GRADUATE PROGRAMS FOR MEN AND WOMEN, AND COMMUNITY OUTREACH INITIATIVES. THE HOLLINS COMMUNITY SUSTAINS TALENTED STUDENTS ENGAGED IN CHALLENGING STUDY, AND PRODUCTIVE SCHOLARS AND ARTISTS DEVOTED TO TEACHING AND TO THE ADVANCEMENT OF KNOWLEDGE. THE HALLMARKS OF A HOLLINS EDUCATION ARE CREATIVITY AND EFFECTIVE SELF-EXPRESSION, PROBLEM SOLVING AND CRITICAL THINKING SKILLS, AND INDEPENDENT INQUIRY AND THE FREE EXCHANGE OF IDEAS. OUR UNIVERSITY MOTTO, LEVAVI OCULOS, CALLS US TO LEADERSHIP AND SERVICE IN ACCORD WITH THE HOLLINS VALUES AND TRADITIONS. 0 0 36923771 12001636 31615983 HOLLINS UNIVERSITY IS A NONPROFIT INSTITUTION OF HIGHER EDUCATION OFFERING UNDERGRADUATE, GRADUATE, EXCHANGE, AND ABROAD EDUCATION PROGRAMS. THESE PROGRAMS PREPARE OUR STUDENTS FOR LIVES OF ACTIVE LEARNING AND ACHIEVEMENT. 0 0 0 36923771 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 1 1 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 X 114 0 1 1048 1 1 1 1 FR UK 0 0 0 0 0 0 0 0 X 26 26 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X X KERRY EDMONDS 5403626343 PO BOX 9658 Roanoke VA 240201658 NANCY GRAY 40 X X 441950 0 25680 SUZANNE WHITMORE 3 X X 0 0 0 SUZANNE ALLEN REDPATH 3 X X 0 0 0 THOMAS BARRON 3 X 0 0 0 CLARK HOOPER BARUCH 3 X 0 0 0 CLAUDIA WATKINS BELK 3 X 0 0 0 SUSAN DOBBS 3 X 0 0 0 ANNE FAIRCLOTH 3 X 0 0 0 MIRIAM FARMAKIS 3 X 0 0 0 SANDRA FRAZIER 3 X 0 0 0 CYNTHIA HALE 3 X 0 0 0 HOLLY HENDRIX 3 X 0 0 0 MARY JOSEPH 3 X 0 0 0 JUDY LAMBETH 3 X 0 0 0 FRANCES LEITNER 3 X 0 0 0 ALEXANDRA TROWER LINDSEY 3 X 0 0 0 LINDA LORIMER 3 X 0 0 0 DEE MARLEY 3 X 0 0 0 WYCLIFFE GOODLOE MCCLURE 3 X 0 0 0 ELIZABETH MCDONNELL 3 X 0 0 0 HAROLD MCLEOD III 3 X 0 0 0 CHARLOTTE PORTERFIELD 3 X 0 0 0 ELIZABETH PRITCHARD 3 X 0 0 0 JEAN RUTHERFOORD 3 X 0 0 0 WILLIAM TRINKLE 3 X 0 0 0 CAMERON VOWELL 3 X 0 0 0 WILLIAM WILEY 3 X 0 0 0 KERRY EDMONDS 40 X 137201 0 15167 BROOK DICKSON 40 X 58857 0 8831 JEANINE STEWART 40 X 139586 0 11154 WILLIAM NYE 40 X 105926 0 6656 RICHARD DILLARD 40 X 101774 0 12713 PATRICIA HAMMER 40 X 101902 0 8141 JONG RA 40 X 101092 0 18528 1188288 0 106870 7 0 1 0 SODEXO MANAGEMENT SERVICES PO BOX 9660 ROANOKE VA 24020 FOOD AND BOOKSTORE SERVICES 2314195 R L PRICE CONSTRUCTION INC 2166 SALEM INDUSTRIAL DRIVE SALEM VA 24153 CONSTRUCTION 1776840 JAMERSON COMPANY 1540 CONFEDERAT BLVD SUITE B APPOMATTOX VA 24522 CONSTRUCTION 1240200 CARILION HEALTHCARE CORP PO BOX 40032 ROANOKE VA 24022 HEALTH CARE SERVICES 342268 RUFFALO CODY & ASSOCIATES INC PO BOX 3018 CEDAR RAPIDS IA 52406 CONSULTING 201324 10 0 0 0 0 337094 11277246 1808697 11614340 STUDENT FEES 611310 24891004 24891004 0 0 DORM & OTHER RENTS 721000 3510911 3510911 0 0 CAFETERIA DINING HALL 722320 2208597 2208597 0 0 SPONSORED PROGRAMS 900099 497007 497007 0 0 OTHER AUX SERVCS 900099 247902 234796 13106 0 0 0 0 0 31355421 4450878 0 0 4450878 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2462590 0 1231295 0 1231295 0 1231295 0 0 1231295 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 OTHER INCOME 900099 310620 273668 36952 0 0 0 0 0 310620 48962554 31615983 50058 5682173 0 0 11685078 11685078 316558 316558 0 0 702111 0 702111 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2419573 2419573 INSTRUCTIONAL 12407827 12407827 0 0 AUXILLARY & STUDENT SRVCS 6632300 6632300 0 0 INSTITUTIONAL SUPPORT 4844414 0 3821063 1023351 ACADEMIC SUPPORT & RESEARCH 3462435 3462435 0 0 2183262 2183262 44653558 36923771 6706436 1023351 12314567 10234299 0 0 12483868 9970631 648445 2214797 0 0 0 0 2215983 2101248 0 0 0 0 99805645 55768719 41372872 44036926 122286900 113565451 31636481 41401891 0 0 0 0 0 0 222959116 223525243 2560582 2559623 0 0 694943 1779271 0 0 0 0 0 0 0 0 0 0 1672736 1639791 4928261 5978685 X 52289877 52091823 64099630 58596475 101641348 106858260 218030855 217546558 222959116 223525243 X 4308996 -4793293 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 1321 1321 0 SchC_P2B_S00_L01 Schedule C, Part II-B, Line 1 THE UNIVERSITY IS A MEMBER OF THE COUNCIL OF INDEPENDENT COLLEGES IN VIRGINIA (CICV), WHICH IS AN ASSOCIATION OF 27 VIRGINIA INDEPENDENT COLLEGES AND UNIVERSITIES. THE CICV WORKS TO PROMOTE THE INTERESTS OF NON PROFIT, INDEPENDENT HIGHER EDUCATION IN VIRGINIA. CICV COORDINATES THE ADVOCACY OF VIRGINIA'S INDEPENDENT COLLEGES FOR INCREASED FUNDING FOR THE STATE'S TUITION ASSISTANCE GRANT (TAG) AND OTHER PROGRAMS ASSISTING STUDENTS AT INDEPENDENT COLLEGES. CICV ALSO MONITORS LEGISLATIVE AND REGULATORY ACTIONS WHICH AFFECT VIRGINIA PRIVATE COLLEGES. IN FY 2011-2012, THE UNIVERSITY PAID $11,484 IN MEMBERSHIP DUES WHICH WAS BASED UPON STUDENT POPULATION. THE CICV CALCULATED A GOOD-FAITH ESTIMATE OF THE PERCENTAGE OF MEMBERSHIP DUES THAT WILL BE USED FOR LOBBYING DURING FY 2011-2012 AS 11.5%. 0 0 X X X 0 158442092 5336486 933792 2023152 4229126 150971 158309121 136862681 4988307 22579476 1688598 4160886 138888 158442092 121819174 12262772 9058100 1727601 4422580 127184 136862681 128179849 14435896 -13863360 1910504 4881321 141386 121819174 0.0354 0.675 0.2896 0 0 0 1784563 1784563 0 71379328 36421164 34958164 0 3800787 2658814 1141973 0 20224846 16688741 3536105 0 2616121 0 2616121 44036926 0 0 OTHER ALTERNATIVE INVESTMENTS 41401891 F 41401891 0 CHARIT GIFT ANNUITY & TRUST 837948 US GOVT GRANTS REFUNDABLE 801843 1639791 48962554 44653558 4308996 -4607595 0 0 0 -185698 -4793293 -484297 32167625 -4607595 0 0 0 -4607595 36775220 0 12187334 12187334 48962554 32651922 0 0 0 0 0 32651922 0 12001636 12001636 44653558 SchD_P03_S00_L01 Schedule D, Part III, Line 1 HOLLINS UNIVERSITY DOES NOT HAVE A FOOTNOTE IN ITS FINANCIAL STATEMENTS REGARDING THE ELECTION UNDER SFAS 116, NOT TO REPORT IN ITS REVENUE STATEMENT AND BALANCE SHEET ITS COLLECTIONS OF ART, HISTORICAL TREASURES AND OTHER SIMILAR ASSETS, BECAUSE OF MATERIALITY. SchD_P03_S00_L04 Schedule D, Part III, Line 4 THE MUSEUM HOUSES A DEDICATED PERMANENT COLLECTION AND EDUCATIONAL RESOURCE CENTER, WHICH IS AVAILABLE TO STUDENTS, TEACHERS, AND OTHER PATRONS WHO ARE INTERESTED IN FURTHERING THEIR STUDY OF ART IN THE MUSEUM'S PERMANENT COLLECTION. IT ALSO FUNCTIONS AS A SMALL EDUCATIONAL CENTER FOR GROUPS AND CLASSES, PROVIDING A FORUM FOR DISCUSSION, WORKSHOPS, AND PROJECTS BASED ON EXHIBITIONS. SchD_P05_S00_L04 Schedule D, Part V, Line 4 THE UNIVERSITY INTENDS TO USE THE ENDOWMENT FUNDS FOR SCHOLARSHIPS, STUDY ABROAD OPPORTUNTIES, CAPITAL IMPROVEMENTS, FACULTY COMPENSATION, FACULTY AND STUDENT RESEARCH AND OTHER OPERATING NEEDS BASED ON BOARD APROVED SPENDING. SchD_P10_S00_L02 Schedule D, Part X, Line 2 THE INTERNAL REVENUE SERVICE HAS RULED THAT THE UNIVERSITY QUALIFIES UNDER SECTION 501 C 3 OF THE INTERNAL REVENUE CODE AND, THEREFORE, IS NOT GENERALLY SUBJECT TO INCOME TAXES UNDER PRESENT TAX LAWS. MANAGEMENT BELIEVES THAT ANY INCOME TAX LIABILITY RESULTING FROM UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JUNE 30, 2012 AND 2011 WOULD NOT HAVE A SIGNIFICANT IMPACT ON THE UNIVERSITY'S RESULTS OF ACTIVITIES. THE FEDERAL FORMS 990 OF THE UNIVERSITY ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. SchD_P11_S00_L08 Schedule D, Part XI, Line 8 CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS DECREASE OF $185,698 SchD_P12_S00_L04b Schedule D, Part XII, Line 4b GRANTS PAID: $12,001,636 CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS: $185,698 SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b GRANTS PAID: $12,001,636 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SchE_P01_S00_L03 Schedule E, Part I, Line 3 HOLLINS UNIVERSITY DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS NATIONWIDE, AND FOLLOWS A RACIALLY NON-DISCRIMINATORY POLICY AS TO STUDENTS. THE UNIVERSITY INCLUDES A STATEMENT OF ITS RACIALLY NON-DISCRIMINATORY POLICY ON ITS WEBSITE AND IN ALL ITS BROCHURES AND CATALOGS DEALING WITH STUDENT ADMISSIONS, PROGRAMS, AND SCHOLARSHIPS. HOLLINS UNIVERSITY THEREFORE SATISFIES THE PUBLICITY REQUIREMENTS AS SET FORTH IN REV PROC 75-50. SchE_P01_S00_L06 Schedule E, Part I, Line 6 HOLLINS UNIVERSITY RECEIVES ASSISTANCE FROM GOVERNMENTAL AGENCIES FOR STUDENT ASSISTANCE PROGRAMS. THE FOLLOWING IS A LIST OF THESE GOVERNMENT GRANTS RECEIVED - SEOG, FEDERAL COLLEGE WORK STUDY, PELL GRANT PROGRAM, VIRGINIA TUITION ASSISTANCE GRANT, VIRGINIA COLLEGE SCHOLARSHIP ASSISTANCE, AND VIRGINIA TRANSFER GRANT. 1 Europe (including Iceland and Greenland) 2 3 Program Services INSTRUCTIONAL ACTIVITIES FOR STUDY ABROAD PROGRAMS 787632 2 3 787632 STUDY ABROAD SCHOLARSHIPS Europe (including Iceland and Greenland) 34 289253 STUDENT ACCOUNT 0 N/A N/A STUDY ABROAD SCHOLARSHIPS South America 1 10205 STUDENT ACCOUNT 0 N/A N/A STUDY ABROAD SCHOLARSHIPS East Asia and the Pacific 1 9350 STUDENT ACCOUNT 0 N/A N/A STUDY ABROAD SCHOLARSHIPS Central America and the Caribbean 1 7750 STUDENT ACCOUNT 0 N/A N/A 0 0 0 0 0 0 SchF_P01_S00_L02 Schedule F, Part I, Line 2 GRANTS AWARDED TO INDIVIDUALS OUTSIDE THE UNITED STATES CONSIST OF FINANCIAL AID IN THE FORM OF SCHOLARSHIPS AND GRANTS TO THE STUDENTS STUDYING ABROAD. THE OFFICE OF FINANCIAL AID MONITORS STUDENTS' ELIGIBILITY FOR THESE FUNDS IN ACCORDANCE WITH THE UNIVERSITIES' POLICIES AND PROCEDURES AS WELL AS LAWS AND REGULATIONS. 1 SCHOLARSHIPS FOR STUDENTS 863 11458729 0 N/A N/A SEOG 89 93830 0 N/A N/A FEDERAL COLLEGE WORK STUDY 132 132519 0 N/A N/A SchI_P01_S00_L02 Schedule I, Part I, Line 2 GRANTS AWARDED TO INDIVIDUALS IN THE UNITED STATES CONSIST OF STUDENT FINANCIAL AID IN THE FORM OF SCHOLARSHIPS AND GRANTS. THE OFFICE OF FINANCIAL AID MONITORS STUDENTS' ELIGIBILITY FOR THESE FUNDS IN ACCORDANCE WITH THE UNIVERSITIES' POLICIES AND PROCEDURES AS WELL AS LAWS AND REGULATIONS. X X X X 1 1 X X X 0 1 0 0 0 0 0 0 0 NANCY GRAY 273082 0 0 0 168868 0 19600 0 7229 0 468779 0 125000 0 KERRY EDMONDS 137038 0 0 0 163 0 11290 0 4464 0 152955 0 0 0 JEANINE STEWART 139425 0 0 0 161 0 11154 0 582 0 151322 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a THE PRESIDENT IS PROVIDED HOUSING AND HOUSEKEEPING SERVICES. TRAVEL IS PAID FOR THE PRESIDENT'S HUSBAND FOR BONA FIDE BUSINESS PURPOSES. CERTAIN FRINGE BENEFITS PROVIDED TO THE PRESIDENT INCLUDE GROSS-UP PAYMENTS FOR RELATED TAXES PAID BY THE UNIVERSITY ON THE BEHALF OF THE PRESIDENT. THE VICE-PRESIDENT OF ACADEMIC AFFAIRS IS PROVIDED HOUSING ONLY. THE PRESIDENT AND VICE-PRESIDENT OF ACADEMIC AFFAIRS ARE REQUIRED TO LIVE ON CAMPUS AS A CONDITION OF EMPLOYMENT. SchJ_P01_S00_L03 Schedule J, Part I, Line 3 SEE SCHEDULE O EXPLANATION FOR PART VI, SECTION B, LINE 15 SchJ_P01_S00_L04 Schedule J, Part I, Line 4 THE UNIVERSITY HAS A SUPPLEMENTAL DEFERRED COMPENSATION AGREEMENT FOR THE PRESIDENT, WHICH IS AN INELIGIBLE DEFERRED COMPENSATION PLAN FOR PURPOSES OF SECTION 457(F) OF THE INTERNAL REVENUE CODE. THE UNIVERISTY PAID THE PRESIDENT $159,425 UNDER THIS PLAN IN AUGUST 2011. X 18 34315 OPINION OF EXPERTS X 159 RETAIL VALUE X 12 1330014 SELLING PRICE X 3 4800 OPINION OF EXPERTS X HORSES 14 215000 OPINION OF EXPERTS X EQUESTRIAN SUPPLIES 1 3083 OPINION OF EXPERTS X FURNITURE & FIXTURES 9 221326 OPINION OF EXPERTS 7 0 1 0 F990_P05_S00_L04b Form 990, Part V, Line 4b See Statement 2 F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b THE FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE PRIOR TO FILING AND A COPY OF THE 990 WAS MADE AVAILABLE TO ALL BOARD MEMBERS PRIOR TO FILING. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c THE SECRETARY TO THE BOARD OF TRUSTEES DISTRIBUTES THE CONFLICT OF INTEREST ANNUAL DISCLOSURE STATEMENTS TO THE TRUSTEES AND THE HUMAN RESOURCES OFFICE DISTRIBUTES THE STATEMENTS TO COVERED EMPLOYEES IN THE FALL AND EACH IS RESPONSIBLE FOR ENSURING THAT ALL DISTRIBUTED STATEMENTS ARE COMPLETED AND RETURNED TO THEIR RESPECTIVE OFFICES. WHEN A STATEMENT IS RECEIVED THAT IDENTIFIES A POTENTIAL CONFLICT THE VICE PRESIDENT FOR FINANCE & ADMINISTRATION IS NOTIFIED, WITH A COPY TO THE PRESIDENT AND CHAIR OF THE BOARD OF TRUSTEES IF IT INVOLVES A TRUSTEE. THE VPFA THEN REPORTS TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES ANY DISCLOSURES MADE ON THE STATEMENTS AND THE AUDIT COMMITTEE DETERMINES IF THERE ARE ANY POTENTIAL CONFLICTS AND IF SO, APPROPRIATE RESOLUTIONS ARE RECOMMENDED TO THE EXECUTIVE COMMITTEE OF THE BOARD. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 HOLLINS UNIVERSITY PARTICIPATES IN THE ANNUAL COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES (CUPA-HR) ADMINISTRATIVE COMPENSATION SURVEY. THE CUPA-HR SALARY SURVEY PROVIDES THE UNIVERSITY ACCESS TO THE MOST COMPREHENSIVE COMPARABLE SALARY DATA BY ADMINISTRATIVE POSITION IN HIGHER EDUCATION. IN THE 2012 TAX YEAR, THE VPFA GATHERED COMPARABLE DATA FOR THE PRESIDENT'S POSITION AND SENIOR LEADERSHIP POSITIONS USING TWO KEY COMPARISON GROUPS: (A) TWENTY-ONE (21) OF THE COUNCIL OF INDEPENDENT COLLEGES OF VIRGINIA (CICV) INSTITUTIONS THAT PARTICIPATED IN THE CUPA-HR SURVEY AND (B) ELEVEN (11) OF THE SMALLER, PRIVATE LIBERAL ARTS COLLEGES IN OUR REGION. THE SURVEY PROVIDES THE AVERAGE, MEDIAN, MINIMUM, MAXIMUM AND ADDITIONAL PERCENTILES. THE COMPARABLE SALARY DATA FOR THE PRESIDENT'S POSITION IS PROVIDED TO THE CHAIR OF THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES CONDUCTS A PERFORMANCE REVIEW OF THE PRESIDENT ANNUALLY. THE CHAIR SHARES THE SALARY DATA WITH THE EXECUTIVE COMMITTEE AND TAKING INTO CONSIDERATION THE PERFORMANCE REVIEW OF THE PRESIDENT, THE CHAIR AND THE EXECUTIVE COMMITTEE SET THE COMPENSATION LEVEL FOR THE PRESIDENT FOR THE YEAR. THE COMPARABLE DATA FOR THE SENIOR LEADERSHIP POSITIONS IS PROVIDED TO THE PRESIDENT. THE PRESIDENT CONDUCTS PERFORMANCE REVIEWS OF THE SENIOR LEADERS ANNUALLY. TAKING INTO CONSIDERATION THE PERFORMANCE OF THE INDIVIDUALS AND EVALUATING THE COMPARABLE SALARY DATA, THE PRESIDENT SETS THE COMPENSATION LEVEL FOR THE SENIOR LEADERSHIP FOR THE YEAR. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 HOLLINS UNIVERSITY MAKES ITS IRS FORMS 990 AVAILABLE TO THE PUBLIC THROUGH THE GUIDESTAR WEBSITE. OTHER GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. F990_P11_S00_L05 Form 990, Part XI, Line 5 NET UNREALIZED LOSSES ON INVESTMENTS: -$4,607,595 CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS: -$185,698 TOTAL -$4,793,293