2013-04-03T11:40:56-05:00 2012-05-31 135381590 BDO USA LLP 7101 WISCONSIN AVE SUITE 800 BETHESDA MD 208144827 990 2011-06-01 560529940 CAMPBELL UNIVERSITY INC CAMP 9108931240 POST OFFICE BOX 97 BUIES CREEK NC 27506 JAMES O ROBERTS 9108931240 2013-04-03 1 MICHAEL SORRELLS CPA P00001737 3016544900 2011 2016-02-25 16:41:14Z JERRY M WALLACE POST OFFICE BOX 97 BUIES CREEK NC 27506 654547704 0 X WWW.CAMPBELL.EDU X 1887 NC TO GRADUATE STUDENTS WITH EXEMPLARY ACADEMIC AND PROFESSIONAL SKILLS WHO ARE PREPARED FOR PURPOSEFUL LIVES AND MEANINGFUL SERVICE. 46 44 2592 48 1360253 -228704 28684482 33823787 123339404 136301483 13741602 5385785 2676006 2697846 168441494 178208901 47916534 51992698 0 0 47671664 51562325 0 0 2588558 46041271 54140264 141629469 157695287 26812025 20513614 412590173 417239376 99739777 99694038 312850396 317545338 X TO GRADUATE STUDENTS WITH EXEMPLARY ACADEMIC AND PROFESSIONAL SKILLS WHO ARE PREPARED FOR PURPOSEFUL LIVES AND MEANINGFUL SERVICE. 0 0 84245819 114662799 STUDENT EDUCATION SERVICES INCLUDING EDUCATION ADMINISTRATION AND INSTITUTIONAL SUPPORT. THE UNIVERSITY'S UNDERGRADUATE PROGRAMS SERVE APPROXIMATELY 4,000 FULL-TIME STUDENTS AND 850 PART-TIME STUDENTS. UNIVERSITY GRADUATE AND PROFESSIONAL PROGRAMS SERVE AN ADDITIONAL 1,600 FULL-TIME STUDENTS AND 400 PART-TIME STUDENTS. 51992698 51992698 STUDENT AID TO QUALIFIED STUDENTS. 9640533 17897933 AUXILIARY ENTERPRISES INCLUDING STUDENT HOUSING, FOOD SERVICES, BOOKSTORE, AND OPERATION OF KEITH HILLS GOLF COURSE. 1723650 5078344 OTHER PROGRAM SERVICES INCLUDE SECURITY PROVIDED TO THE COMMUNITY, UNIVERSITY PERFORMING ARTS SERIES, COMMUNITY RELATIONS EXPENDITURES, AND PAYMENTS TO ANNUITANTS UNDER CHARITABLE TRUST AGREEMENTS. 1723650 5078344 147602700 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 1 277 7 1 2592 1 1 1 0 0 0 0 1 1 0 0 0 0 X 46 44 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 NC X JAMES O ROBERTS 9108931240 POST OFFICE BOX 97 BUIES CREEK NC 27506 BENJAMIN THOMPSON 6.00 X X 0 0 0 RAY BRYAN JR 5.00 X X 0 0 0 CHARLES ALLARD 2.00 X 0 0 0 J J BARNES 2.00 X 0 0 0 GILFORD BASS 2.00 X 0 0 0 STEVE BOWDEN 1.00 X 0 0 0 TEDDY BYRD 2.00 X 0 0 0 CHARLES CATO 2.00 X 0 0 0 DAVID CLARK 3.00 X 0 0 0 ROGERS CLARK 3.00 X 0 0 0 ALLISON COBB 2.00 X 0 0 0 SUZANNE COOK 2.00 X 0 0 0 DAVID COURIE SR 2.00 X 0 0 0 JAMES CROSSINGHAM 2.00 X 0 0 0 MICHAEL CUMMINGS 2.00 X 0 0 0 KENNIETH ETHERIDGE 3.00 X 0 0 0 ANNABELLE FETTERMAN 2.00 X 0 0 0 DEXTER FLOYD 2.00 X 0 0 0 EDWARD GORE SR 3.00 X 0 0 0 DAVID HAILEY 2.00 X 0 0 0 JOSEPH HALL JR 2.00 X 0 0 0 OSCAR HARRIS 2.00 X 0 0 0 FRANK HOLDING SR 3.00 X 0 0 0 ESTER HOWARD 2.00 X 0 0 0 GLENN INFINGER 2.00 X 0 0 0 JIMMY JACKSON 2.00 X 0 0 0 ANNA DREW KIRK 2.00 X 0 0 0 GORDON MAXWELL III 2.00 X 0 0 0 BERNARD MCLEOD JR 2.00 X 0 0 0 JOHN MCNEILL 2.00 X 0 0 0 HARRY MURPHY 2.00 X 0 0 0 VANCE NEAL 2.00 X 0 0 0 SADIE NEEL 2.00 X 0 0 0 SANDY PATTERSON 2.00 X 0 0 0 MILFORD QUINN 3.00 X 0 0 0 ROBERT RANSDELL 2.00 X 0 0 0 HENRY SMITH 3.00 X 0 0 0 SAMUEL SUE 2.00 X 0 0 0 STUART SURLES 3.00 X 0 0 0 BARBARA WALKER 2.00 X 0 0 0 JACK WATTS SR 2.00 X 0 0 0 ROBERT WHITEMAN 2.00 X 0 0 0 HARRY WOMBLE 2.00 X 0 0 0 THOMAS WOMBLE 2.00 X 0 0 0 LUBY WOOD 2.00 X 0 0 0 BILLY WOODARD 2.00 X 0 0 0 WILLARD SMALL 2.00 X 0 0 0 HAROLD WELLS 2.00 X 0 0 0 JERRY WALLACE 65.00 X 353276 0 70427 JAMES ROBERTS 60.00 X 118992 0 14610 JOHN KAUFFMAN 60.00 X 301873 0 24330 MELISSA ESSARY 60.00 X 258812 0 22999 RONALD MADDOX 48.00 X 236480 0 24731 PATRICK HETRICK 50.00 X 171677 0 18382 J STANLEY MCQUADE 35.00 X 163139 0 17548 1604249 0 193027 59 0 1 0 LITTLE & ASSOCIATES ARCHITECTS 5815 WESTPARK DR CHARLOTTE NC 28217 ARCHITECTURAL/DESIGN 678214 PARISH GROUP 8 CRESCENT COURT WEAVERVILLE NC 28787 PUBLICATIONS/ENROLLMENT DATA 460190 GREEN SOUTH LANDSCAPING COMPANY 1318 TYSINGER RD LILLINGTON NC 27546 LANDSCAPING 368666 TRI-TRONICS PROFESSIONAL PO BOX 1055 LILLINGTON NC 27546 ELECTRONICS 171000 BDO USA LLP 5430 WADE PARK BLVD STE 208 RALEIGH NC 27607 AUDIT/ACCOUNTING/TAX 126462 6 18136481 15687306 1269692 33823787 TUITION & FEES 900099 114662799 114662799 AUXILIARY ENTERPRISES 713910 18915171 17897933 1017238 FINES, FEES, AND MISC. 900099 945914 945914 SCHOOLS & CAMPS 611710 577211 465946 111265 NCAA CONFERENCE INCOME 900099 402702 402702 797686 797686 136301483 3853260 3853260 185675 185675 174044 0 174044 174044 80206 93838 477596626 476249776 1346850 1346850 1346850 107784 89027 18757 18757 OTHER REVENUE 900099 1564041 1564041 TUNKU ABDUL RAHMAN INC 900099 821849 821849 PHARMACY ANALYTICAL LA 541380 119155 119155 2505045 178208901 137639076 1360253 5385785 51992698 51992698 557305 423703 133602 42322958 40208788 1123745 990425 2269555 2125351 86596 57608 3253296 2243031 917429 92836 3159211 2991222 95518 72471 29278 29278 164968 5041 159927 2348173 2318366 29807 901248 795000 106248 790301 764151 12376 13774 2068015 2041059 19508 7448 8613802 8494875 54049 64878 3018836 2764508 216796 37532 594855 487397 85621 21837 2061786 2061786 8826529 8826529 1819528 211722 1598726 9080 INSTITUTIONAL SUPPORT 7335382 5526840 879265 929277 AUXILIARY ENTERPRISES 6469557 6469557 INSTRUCTIONAL SERVICES 4352534 4352534 STUDENT SERVICES 2265468 2113864 151604 2480004 2446464 33540 157695287 147602700 7504029 2588558 5034 5037 50527856 46346690 8563403 9605808 4584283 5545328 4869358 6889710 875512 824809 11549 69823 279088730 67641921 208240250 211446809 131221601 130781117 164174 2478276 3527153 3245969 412590173 417239376 6666646 5065529 3030895 3373405 68285000 65745000 16099 10878 21741137 25499226 99739777 99694038 X 182461570 181274357 55426901 59902819 74961925 76368162 312850396 317545338 412590173 417239376 X 20513614 -15818672 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 115349711 1306258 -4019317 2122633 110514019 94506443 2335673 21674569 3166974 115349711 93538443 3670701 12838493 2264209 107783428 118400215 2557155 -25110651 2308276 93538443 0.68770 0.31230 0 0 837000 20815696 21652696 205781814 43306004 162475810 40372 35104 5268 12303771 7697726 4606045 39310077 16603087 22706990 211446809 ADVANCES AND DEPOSITS 2890258 ANNUITIES PAYABLE 6159478 ADVANCES FROM GOVT FOR FEDERAL LOANS 10753709 SWAP DERIVATIVES 4090251 OTHER 1605530 25499226 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE MISSION OF CAMPBELL UNIVERSITY'S ENDOWMENT IS TO SUPPORT THE UNIVERSITY'S ACTIVITIES IN PERPETUITY WHILE MAINTAINING INTERGENERATIONAL EQUITY. OVER THE YEARS, THE GROWTH OF THE ENDOWMENT HAS ENABLED THE UNIVERSITY TO IMPROVE FINANCIAL AID PACKAGES, BUILD THE FACULTY, LAUNCH PROGRAMS AND SUPPORT A WIDE RANGE OF IMPORTANT NEEDS. THE PURPOSE OF THE BULK OF THE UNIVERSITY'S ENDOWMENT IS TO PROVIDE MERIT AND NEED-BASED SCHOLARSHIPS TO STUDENTS. FUNDING IS ALSO PROVIDED BY THE ENDOWMENT FOR PROFESSORSHIPS AND LECTURE SERIES. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THERE WAS NO IMPACT FROM THE ADOPTION OF ASC 740 ON THE FINANCIAL STATEMENTS AS OF MAY 31, 2012. 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 CAMPBELL UNIVERSITY AFFIRMS ITS STANDING POLICY OF NONDISCRIMINATION IN EMPLOYMENT AND IN ALL OF ITS PROGRAMS AND ACTIVITIES, WITH RESPECT TO RACE, CREED, COLOR, SEX, GENDER, AGE, RELIGION, NATIONAL ORIGIN, DISABILITY, OR STATUS AS A VETERAN, EXCEPT WHERE EXEMPTION IS APPROPRIATE AND ALLOWED BY LAW. THE NONDISCRIMINATION POLICY IS PRINTED IN THE UNIVERSITY'S CATALOGS. THE UNIVERSITY HAS NOT INCLUDED ITS STATEMENT ON RACIAL NONDISCRIMINATION IN NEWSPAPER PRINT ADS OR VIA BROADCAST MEDIA. HOWEVER, PHOTOGRAPHS AND VIDEO FOOTAGE ARE CAREFULLY SELECTED TO DEMONSTRATE A RACIALLY DIVERSE STUDENT BODY. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 CAMPBELL UNIVERSITY RECEIVES THE FOLLOWING FEDERAL AID FROM THE US DEPARTMENT OF EDUCATION: FEDERAL WORK-STUDY PROGRAM, PELL GRANT, SUPPLEMENTAL EDUCATION OPPORTUNITY GRANT, PERKINS LOANS, FEDERAL DIRECT STUDENT LOANS, TEACH GRANT, INDEPENDENT COLLEGE ACCESS NETWORK MINI GRANT US DEPARTMENT OF DEFENSE: RESERVE OFFICER TRAINING CORPS CAMPBELL UNIVERSITY RECEIVES THE FOLLOWING STATE OF NORTH CAROLINA AID PASS-THROUGH FROM FEDERAL AGENCIES: NC DEPARTMENT OF CRIME CONTROL & PUBLIC SAFETY: JUVENILE ACCOUNTABILITY INCENTIVE BLOCK GRANTS (CONTINUED ON SCHEDULE O) CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAM 32669 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAM 49914 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAM 15484 0 0 0 0 0 0 98067 0 98067 0 0 0 0 0 0 1 INSTITUTIONAL AID 3886 30840042 DIRECT AID SCHOLARSHIPS 385 1074157 ENDOWED SCHOLARSHIPS 1161 2122633 STATE FUNDS FOR UNIVERSITY STUDENTS 4061 10586595 FEDERAL FUNDS FOR UNIVERSITY STUDENTS 6070 7369271 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: CAMPBELL UNIVERSITY PARTICIPATES IN BOTH FEDERAL AND STATE GRANT PROGRAMS. ALL GRANT PROGRAMS INCLUDE ELIGIBILITY REQUIREMENTS, REPORTING REQUIREMENTS AND FUND MANAGEMENT REGULATIONS AND GUIDELINES. STUDENTS ARE AWARDED ACCORDING TO EACH PROGRAM'S GUIDELINES ONCE ELIGIBILITY HAS BEEN DETERMINED FOR THAT FUND. ELIGIBILITY IS REVIEWED BEFORE TRANSMITTAL/DISBURSEMENT TO THE STUDENT'S ACCOUNT. EACH FEDERAL AND STATE PROGRAM HAS PREDETERMINED REPORTING GUIDELINES AND STANDARDS. THE FUNDS ARE RECONCILED AND FUND BUDGETS ARE REVIEWED MONTHLY. X 1 1 X X X 0 1 0 0 0 0 0 0 0 JERRY WALLACE 328400 0 0 0 24876 0 65267 0 5160 0 423703 0 0 0 JOHN KAUFFMAN 301873 0 0 0 0 0 19600 0 4730 0 326203 0 0 0 MELISSA ESSARY 258812 0 0 0 0 0 17839 0 5160 0 281811 0 0 0 RONALD MADDOX 236480 0 0 0 0 0 19571 0 5160 0 261211 0 0 0 PATRICK HETRICK 171677 0 0 0 0 0 13222 0 5160 0 190059 0 0 0 J STANLEY MCQUADE 163139 0 0 0 0 0 12388 0 5160 0 180687 0 0 0 PART I, LINE 1A UNIVERSITY LEASES THE HOME OF THE PRESIDENT OF THE UNIVERSITY, DR. JERRY M. WALLACE, AND REIMBURSES DR. WALLACE FOR SOME EXPENSES OF THE HOME. FORM 1099-M IS ISSUED TO DR. WALLACE ANNUALLY TO REPORT RENTAL INCOME. PART I, LINE 4B DR. JERRY M. WALLACE - 457(F) PLAN ESTABLISHED IN CALENDAR YEAR 2011, CONTRIBUTION OF $49,800, VESTING DATE 5/31/15. NOTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY 561592154 65818PHHS 2009-08-20 70000000 NON HOSPITAL (SECTION 145 (B)) 0 0 0 70000000 16887928 172600 52939472 2011 1 0 0 1 0 0 0 0 1 0 0 0 0 0 0 RAYMOND A BRYAN JR TRUSTEE 9749000 BRYAN IS VICE-CHAIR OF THE UNIVERSITY BOARD OF TRUSTEES AND IS CHAIR OF T.A. LOVING COMPANY, INC. THE UNIVERSITY CONTRACTS WITH THE COMPANY ON MAJOR CONSTRUCTION PROJECTS. 0 FRANK B HOLDING SR TRUSTEE 152000000 HOLDING IS EXECUTIVE VICE-CHAIR AND A DIRECTOR OF FIRST CITIZENS BANK, WITH WHICH THE UNIVERSITY HOLDS VARIOUS CASH, CD AND TRUST ACCOUNTS TOTALING APPROX $34 MILLION. THE UNIVERSITY ALSO INVESTS ENDOWMENT AND OTHER FUND ASSETS WITH FIRST CITIZENS WEALTH MANAGEMENT, ACCOUNTS TOTALING APPROX $118 MILLION. THE UNIVERSITY ALSO HOLDS FOR INVESTMENT VARIOUS STOCKS IN FIRST CITIZENS BANK WITH A FMV OF $5.3 MILLION AT 5/31/12. 0 JERRY M WALLACE UNIVERSITY PRESIDENT 29333 DR. WALLACE'S DAUGHTER IS EMPLOYED BY THE UNIVERSITY AS A PART-TIME PROFESSOR. 0 JAMES O ROBERTS OFFICER 14747 MR. ROBERTS' SON IS AN EMPLOYEE OF THE UNIVERSITY. 0 X 31 614692 FMV X 2 655000 APPRAISAL 33 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 BROTHERS, DAVID CLARK AND ROGERS CLARK BOTH SERVE AS TRUSTEES. THEY OWN AND OPERATE SEVERAL BUSINESSES TOGETHER INCLUDING, SAMPSON-BLADEN OIL CO., WACCAMAW TRANSPORT, INC., CLARK BROTHERS DODGE, INC., CLEARWATER ENTERPRISES, INC., & CLARK BROTHERS LLC. IN ADDITION, TRUSTEE GORDON MAXWELL III HAS BUSINESS RELATIONSHIPS WITH DAVID & ROGERS CLARK (PURCHASES FUEL FROM THEIR BUSINESS) AND A BANKING RELATIONSHIP WITH TRUSTEE FRANK HOLDING SR. THERE ARE LIKELY OTHER TRUSTEES BANKING WITH BANKING RELATIONSHIPS WITH FIRST CITIZENS BANK. FORM 990, PART VI, SECTION B, LINE 11 THE UNIVERSITY PROVIDED DRAFT COPIES OF FORM 990 FOR THE YEAR ENDED 5/31/12 TO ALL VOTING MEMBERS OF THE BOARD OF TRUSTEES. THE DRAFT COPY WAS EMAILED TO ALL TRUSTEES. ALL MEMBERS WERE REQUESTED TO RESPOND TO THE VICE-PRESIDENT FOR BUSINESS AND TREASURER CONFIRMING REVIEW AND WITH APPROVAL FOR FILING. DETAILED REVIEW WAS COMPLETED BY THE UNIVERSITY'S VICE-PRESIDENT FOR BUSINESS AND TREASURER, COMPTROLLER AND ASSISTANT COMPTROLLER PRIOR TO THE RELEASE OF THE DRAFT TO THE TRUSTEES AND BEFORE SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE BOARD OF TRUSTEES ABSTAIN FROM VOTING IF THE VOTE INVOLVES: 1) AN ENTITY IN WHICH THE TRUSTEE HAS A MATERIAL FINANCIAL INTEREST OR IN WHICH THE TRUSTEE IS A GENERAL PARTNER OF A PARTY TO A TRANSACTION WITH THE UNIVERSITY; OR 2) ANOTHER ENTITY OF WHICH THE TRUSTEE IS A BOARD MEMBER OR AN OFFICER AND WHEN THE ENTITY IS A PARTY TO THE TRANSACTION AND THE TRANSACTION IS OR SHOULD BE CONSIDERED BY THE BOARD. ADDITIONALLY, THE UNIVERSITY REQUESTS EACH MEMBER OF ITS BOARD OF TRUSTEES COMPLETE A "CONFLICT OF INTEREST DISCLOSURE QUESTIONNAIRE". THESE ARE REVIEWED BY THE VICE-PRESIDENT FOR BUSINESS AND TREASURER. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT'S COMPENSATION IS REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. AN EVALUATION OF THE PRESIDENT'S PERFORMANCE IN ALL AREAS OF RESPONSIBILITY IS COMPLETED AND DOCUMENTED. A COMPARISON OF PERFORMANCE BETWEEN YEARS IS REVIEWED. EXTERNAL AND PUBLISHED DATA FROM PEER INSTITUTIONS IS REVIEWED FOR REASONABLENESS OF COMPENSATION. THE PRESIDENT OF THE UNIVERSITY ANNUALLY REVIEWS COMPENSATION USING PUBLISHED SALARY INFORMATION COMPILED BY THE NC ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES FOR COMPARABILITY. THE BUDGET IS APPROVED BY THE UNIVERSITY'S BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 18 DOCUMENTS ARE RETAINED IN THE OFFICE OF THE VICE-PRESIDENT FOR BUSINESS AND TREASURER. THE OFFICE IS OPEN DURING REGULAR BUSINESS HOURS. DOCUMENTS ARE AVAILABLE UPON REQUEST IN PERSON OR UPON WRITTEN REQUEST. FORM 990, PART VI, SECTION C, LINE 19 NOT MADE AVAILABLE TO THE PUBLIC. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -11,096,924. TRANSFER FROM CAMPELL UNIVERSITY FOUNDATION 1,145,514. CHANGE IN VALUE OF INTEREST RATE SWAPS -5,575,262. IMPAIRMENT LOSS ON INVESTMENT IN REAL ESTATE -292,000. TOTAL TO FORM 990, PART XI, LINE 5: -15,818,672. OVERSIGHT OF AUDIT OF FINANCIAL STATEMENTS: FORM 990, PART XI, LINE 2C THERE HAVE BEEN NO CHANGES DURING THE YEAR IN THE PROCESS FOR OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS. EXPLANATION OF GOVERNMENT FINANCIAL AID (CONTINUED): SCHEDULE E, LINE 6 CAMPBELL UNIVERSITY RECEIVES THE FOLLOWING STATE AID: NC STATE LEGISLATIVE TUITION GRANT, NC STATE CONTRACTUAL LEGISLATIVE GRANT, NC TEACHING FELLOWS GRANT, NC LOTTERY GRANT,NC HEALTH SCIENCE AND MATH GRANT CAMPBELL UNIVERSITY RECEIVES THE FOLLOWING AID FROM THE NC BIOTECHNOLOGY CENTER: MIDDLE SCHOOL SCIENCE TEACHERS INQUIRY WORKSHOP GRANT, BIOANALYTICAL EQUIPMENT FOR STUDENT TRAINING GRANT CAMPBELL UNIVERSITY FOUNDATION INC PO BOX 97 BUIES CREEK NC 27506 680620773 FUNDRAISING NC 501(C)(3) LINE 11A, I N/A 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1