2012-04-11T08:02:26-05:00 2011-05-31 BDO USA LLP 7101 WISCONSIN AVE SUITE 800 BETHESDA MD 208144827 990 2010-06-01 560529940 CAMPBELL UNIVERSITY INC CAMP 9108931240 POST OFFICE BOX 97 BUIES CREEK NC 27506 JAMES O ROBERTS 9108931240 2012-04-11 1 MICHAEL SORRELLS CPA 3016544900 2010 2016-02-24 21:20:13Z JERRY M WALLACE POST OFFICE BOX 97 BUIES CREEK NC 27506 281118809 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 2503 47 1652839 -86433 21950664 28684482 112568559 123339404 2859495 13741602 3087800 2676006 140466518 168441494 42284476 47916534 0 0 46332727 47671664 0 0 2689881 43624508 46041271 132241711 141629469 8224807 26812025 373803342 412590173 96583028 99739777 277220314 312850396 X TO GRADUATE STUDENTS WITH EXEMPLARY ACADEMIC AND PROFESSIONAL SKILLS WHO ARE PREPARED FOR PURPOSEFUL LIVES AND MEANINGFUL SERVICE. 0 0 72172847 104418694 STUDENT EDUCATION SERVICES INCLUDING EDUCATION ADMINISTRATION AND INSTITUTIONAL SUPPORT. THE UNIVERSITY'S UNDERGRADUATE PROGRAMS SERVE APPROXIMATELY 4,000 FULL-TIME STUDENTS AND 960 PART-TIME STUDENTS. UNIVERSITY GRADUATE AND PROFESSIONAL PROGRAMS SERVE AN ADDITIONAL 1,630 FULL-TIME STUDENTS AND 460 PART-TIME STUDENTS. 47916534 47916534 STUDENT AID TO QUALIFIED STUDENTS. 9160669 16327413 AUXILIARY ENTERPRISES INCLUDING STUDENT HOUSING, FOOD SERVICES, BOOKSTORE & OPERATION OF KEITH HILLS GOLF COURSE. 1653541 1515705 OTHER PROGRAM SERVICES INCLUDE SECURITY PROVIDED TO THE COMMUNITY, UNIVERSITY PERFORMING ARTS SERIES, COMMUNITY RELATIONS EXPENDITURES AND PAYMENTS TO ANNUITANTS UNDER CHARITABLE TRUST AGREEMENTS. 1653541 1515705 130903591 1 1 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 0 0 0 0 0 0 1 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 1 271 1 1 2503 1 1 1 0 0 0 0 1 1 0 0 0 0 X 46 44 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 X JAMES O ROBERTS 9108931240 POST OFFICE BOX 97 BUIES CREEK NC 27506 ROBERT BARKER 6.00 X X 0 0 0 FREDERICK TAYLOR 5.00 X X 0 0 0 DANIEL ANDREWS 3.00 X 0 0 0 EDWARD BYRD 3.00 X 0 0 0 HENRY CAPPS JR 2.00 X 0 0 0 HELEN CURRIN 2.00 X 0 0 0 PATRICIA DRUMMOND 2.00 X 0 0 0 JUDITH FOLWELL-WHITE 2.00 X 0 0 0 THOMAS KEITH 4.00 X 0 0 0 CARLTON MARTIN 2.00 X 0 0 0 LUTHER STARLING 2.00 X 0 0 0 JAMES STRICKLAND JR 2.00 X 0 0 0 GILFORD BASS 2.00 X 0 0 0 CHARLES CATO 2.00 X 0 0 0 MICHAEL CUMMINGS 2.00 X 0 0 0 ANNABELLE LUNDY FETTERMAN 2.00 X 0 0 0 DAVID HAILEY 2.00 X 0 0 0 ESTER HOWARD 2.00 X 0 0 0 ANNA DREW KIRK 2.00 X 0 0 0 BERNARD MCLEOD 2.00 X 0 0 0 HARRY MURPHY 2.00 X 0 0 0 SADIE NEEL 2.00 X 0 0 0 MILFORD QUINN 3.00 X 0 0 0 HENRY SMITH 3.00 X 0 0 0 J J BARNES 2.00 X 0 0 0 SUZANNE COOK 2.00 X 0 0 0 KENNETH ETHERIDGE 3.00 X 0 0 0 FRANK HOLDING SR 3.00 X 0 0 0 GLENN INFINGER 2.00 X 0 0 0 JIMMY JACKSON 2.00 X 0 0 0 SANDY GREENE PATTERSON 2.00 X 0 0 0 SAMUEL SUE 2.00 X 0 0 0 STUART SURLES 3.00 X 0 0 0 RAYMOND BRYAN JR 2.00 X 0 0 0 TEDDY BYRD 2.00 X 0 0 0 DAVID CLARK 3.00 X 0 0 0 DAVID COURIE 2.00 X 0 0 0 EDWARD GORE 3.00 X 0 0 0 JOSEPH HALL JR 2.00 X 0 0 0 JACK WATTS 2.00 X 0 0 0 ROBERT WHITEMAN 2.00 X 0 0 0 EDWARD WILSON JR 2.00 X 0 0 0 HARRY WOMBLE 2.00 X 0 0 0 THOMAS WOMBLE 2.00 X 0 0 0 BILLY WOODARD 2.00 X 0 0 0 P C PURVIS 1.00 X 0 0 0 STEVE BOWDEN 1.00 X 0 0 0 JERRY WALLACE 65.00 X 343950 0 29958 JAMES ROBERTS 50.00 X 99528 0 13808 MELISSA ESSARY 65.00 X 243212 0 26013 RONALD MADDOX 46.00 X 219105 0 23364 PATRICK HETRICK 50.00 X 162887 0 18035 J STANLEY MCQUADE 35.00 X 157251 0 17302 JAMES MCLAUGHLIN 40.00 X 150093 0 17876 1376026 0 146356 47 0 1 0 PARISH GROUP 8 CRESCENT COURT WEAVERVILLE NC 28787 PUBLICATIONS/ENROLLMENT DATA 541982 LITTLE & ASSOCIATES ARCHITECTS 5815 WESTPARK DR CHARLOTTE NC 28217 ARCHITECTURAL/DESIGN 399916 TRI-TRONICS PROFESSIONAL PO BOX 1055 LILLINGTON NC 27546 ELECTRONICS 277165 GREEN SOUTH LANDSCAPING COMPANY 1318 TYSINGER RD LILLINGTON NC 27546 LANDSCAPING 269118 COATS MEDICAL CLINIC 25 N JOHHNSON ST COATS NC 27521 MEDICAL 102000 5 17536185 11148297 1247941 28684482 TUITION & FEES 900099 104418694 104418694 AUXILIARY ENTERPRISES 713910 17361349 16327413 1033936 SCHOOLS & CAMPS 611710 558556 443410 115146 FINES, FEES, AND MISC. 900099 482425 482425 NCAA CONFERENCE INCOME 900099 410083 410083 108297 108297 123339404 3740667 3740667 9413 9413 148669 148669 148669 71490 77179 122529240 112537718 9991522 9991522 9991522 38130 23897 14233 14233 87910 115700 -27790 -27790 OTHER REVENUE 900099 1389465 1389465 TUNKU ABDUL RAHMAN INC 900099 697061 697061 PHARMACY ANALYTICAL LA 541380 454368 454368 2540894 168441494 122261812 1652839 15842361 47916534 47916534 487244 373908 113336 39434753 37190451 1148068 1096234 2169126 2008259 89346 71521 2675758 1669457 893211 113090 2904783 2725615 95718 83450 21926 21926 197825 5028 192797 2586034 2154924 419870 11240 809218 801737 7481 804484 710406 80014 14064 1471335 1444718 26574 43 8131899 8026795 36469 68635 2524542 2341558 149931 33053 419213 345870 53234 20109 2127657 906 2126751 8260396 8260396 1783193 375510 1397430 10253 AUXILIARY ENTERPRISES 6052814 6052814 INSTRUCTIONAL SERVICES 3526792 3526792 INSTITUTIONAL SUPPORT 2896092 718309 1191322 986461 STUDENT SERVICES 2191645 2052251 139394 ACADEMIC SUPPORT 1677735 1677735 558471 523618 34853 141629469 130903591 8035997 2689881 5002 5034 40381900 50527856 8122739 8563403 5733189 4584283 4509815 4869358 877348 875512 16680 11549 269191720 60951470 204121699 208240250 106496810 131221601 91678 164174 3446482 3527153 373803342 412590173 5341579 6666646 3110252 3030895 69155000 68285000 2080581 16099 16895616 21741137 96583028 99739777 X 172314536 182461570 34834009 55426901 70071769 74961925 277220314 312850396 373803342 412590173 X 26812025 8818057 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 94506443 2335673 21674569 3166974 115349711 93538443 3670701 12838493 2264209 107783428 118400215 2557155 -25110651 2308276 93538443 0.64750 0.35250 0 0 1129000 20277777 21406777 201768268 38529522 163238746 40372 27249 13123 12171780 6880271 5291509 33804523 15514428 18290095 208240250 ADVANCES AND DEPOSITS 4340515 ANNUITIES PAYABLE 6814802 ADVANCES FROM GOVT FOR FEDERAL LOANS 3612708 SWAP DERIVATIVES 5178447 OTHER 1794665 21741137 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. THERE WAS AN ADJUSTMENT TO THE BEGINNING BALANCE IN THE ENDOWMENT FUND OF $13,276,965 FROM THE ENDING BALANCE REPORTED ON THE PRIOR YEAR FORM 990 DUE TO ADJUSTMENT TO THE BEGINNING NET ASSETS IN A RELATED ORGANIZATION INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. 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, 2011. 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 LOAN, FEDERAL DIRECT STUDENT LOANS, ENHANCEMENT OF MINORITY PHARMACISTS & PHARMACEUTICAL SCIENTISTS, ADVANCEMENT FOR UNDERREPRESENTED MINORITY PHARMACISTS & PHARMACEUTICAL SCIENTISTS 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 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 38130 20000 3897 0 38130 20000 3897 23897 14233 NC 0 REVERSE RAFFLE IS NOT A REGULAR EVENT HELD BY THE UNIVERSITY. THIS WAS THE ONLY EVENT OF ITS TYPE HELD DURING THE TAX YEAR._ 0 0 0 1.00000 DENNIS BAZEMORE INTERIM ATHLETIC D PO BOX 95 BUIES CREEK NC 27506 0 0 1 INSTITUTIONAL AID 2864 25648941 DIRECT AID SCHOLARSHIPS 251 1417626 ENDOWED SCHOLARSHIPS 879 3166974 STATE FUNDS FOR UNIVERSITY STUDENTS 3342 10714028 FEDERAL FUNDS FOR UNIVERSITY STUDENTS 5535 6968965 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 0 0 0 0 0 0 0 0 JERRY WALLACE 319435 0 0 0 24515 0 24800 0 5158 0 373908 0 0 0 MELISSA ESSARY 243212 0 0 0 0 0 20855 0 5158 0 269225 0 0 0 RONALD MADDOX 219105 0 0 0 0 0 18206 0 5158 0 242469 0 0 0 PATRICK HETRICK 162887 0 0 0 0 0 12877 0 5158 0 180922 0 0 0 J STANLEY MCQUADE 157251 0 0 0 0 0 12144 0 5158 0 174553 0 0 0 JAMES MCLAUGHLIN 150093 0 0 0 0 0 12718 0 5158 0 167969 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 WAS ISSUED IN 2010 TO REPORT RENTAL INCOME OF $24,000 TO DR. WALLACE. NOTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY 561592154 65818PHHS 2009-08-20 70000000 NON HOSPITAL (SECTION 145 (B)) 0 0 0 70000000 16887928 172600 46372610 6566862 2012 1 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 RAYMOND A BRYAN JR TRUSTEE 2929864 BRYAN IS CHAIRMAN OF THE BOARD OF T.A. LOVING COMPANY, INC. AND THE UNIVERSITY CONTRACTS WITH THE COMPANY ON MAJOR CONSTRUCTION PROJECTS. 0 FRANK B HOLDING SR TRUSTEE 141000000 HOLDING IS EXECUTIVE VICE-CHAIR OF FIRST CITIZENS BANK WITH WHICH THE UNIVERSITY HOLDS VARIOUS CASH, CD AND TRUST ACCOUNTS TOTALING APPROX $35 MILLION. THE UNIVERSITY ALSO INVESTS ENDOWMENT AND OTHER FUND ASSETS WITH FIRST CITIZENS WEALTH MANAGEMENT, ACCOUNTS TOTALING APPROX $106 MILLION. THE UNIVERSITY ALSO HOLDS FOR INVESTMENT VARIOUS STOCKS IN FIRST CITIZENS BANK WITH A FMV OF $5.4 MILLION AT 5/31/11. 0 JAMES O ROBERTS OFFICER 16175 MR. ROBERTS SON IS AN EMPLOYEE OF THE UNIVERSITY. 0 X 27 1235441 FMV X 1 12500 APPRAISAL 1 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE UNIVERSITY PROVIDED DRAFT COPIES OF FORM 990 FOR THE YEAR ENDED 5/31/11 TO ALL VOTING MEMBERS OF THE BOARD OF TRUSTEES. THE COPIES WERE SENT IN ONE OF TWO MANNERS: ELECTRONICALLY VIA EMAIL OR BY FACSIMILE TO TRUSTEES WITHOUT EMAIL ACCESS. 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 THE 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. 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 GAINS ON INVESTMENTS: 8,748,390. PRIOR PERIOD ADJUSTMENTS: 69,667. OVERSIGHT OF AUDIT 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. 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 0