2012-05-14T09:05:02-05:00 2011-06-30 BDO USA LLP 7101 WISCONSIN AVE SUITE 800 BETHESDA MD 208144827 990 2010-07-01 560530235 THE SHAW UNIVERSITY SHAW 9195468200 118 EAST SOUTH STREET RALEIGH NC 27106 DR DOROTHY COWSER YANCY 9195468200 2012-05-14 1 MICHAEL SORRELLS CPA 3016544900 2010 2016-02-24 21:20:13Z DR DOROTHY COWSER YANCY 118 EAST SOUTH STREET RALEIGH NC 27106 55326616 0 X WWW.SHAWU.EDU X 1865 NC THE PRIMARY MISSION OF THE UNIVERSITY IS TEACHING, WITH THE COMMITMENT TO MAINTAIN EXCELLENCE IN RESEARCH AND ACADEMIC PROGRAMS THAT FOSTER INTELLECTUAL ENHANCEMENT AND TECHNOLOGICAL SKILLS. ADDITIONALLY, THE UNIVERSITY STRESSES CHARACTER DEVELOPMENT, WHICH INCLUDES RELIGIOUS, CULTURAL, SOCIAL, AND ETHICAL VALUES. ULTIMATELY, THE SHAW UNIVERSITY ENDEAVORS TO GRADUATE STUDENTS WITH DEMONSTRATED COMPETENCIES IN THEIR CHOSEN FIELDS OF STUDY. 31 31 1042 0 0 0 10957007 10704644 35708164 39735417 461570 1116994 624706 338514 47751447 51895569 5235199 5165524 0 0 19925605 20498014 0 0 273468 21209156 26212483 46369960 51876021 1381487 19548 71533810 78434676 39562241 44333963 31971569 34100713 X THE PRIMARY MISSION OF THE UNIVERSITY IS TEACHING, WITH THE COMMITMENT TO MAINTAIN EXCELLENCE IN RESEARCH AND ACADEMIC PROGRAMS THAT FOSTER INTELLECTUAL ENHANCEMENT AND TECHNOLOGICAL SKILLS. ADDITIONALLY, THE UNIVERSITY STRESSES CHARACTER DEVELOPMENT, WHICH INCLUDES RELIGIOUS, CULTURAL, SOCIAL, AND ETHICAL VALUES. ULTIMATELY, THE SHAW UNIVERSITY ENDEAVORS TO GRADUATE STUDENTS WITH DEMONSTRATED COMPETENCIES IN THEIR CHOSEN FIELDS OF STUDY. 0 0 40556775 5165524 39735417 THE SHAW UNIVERSITY IS A COEDUCATIONAL INSTITUTION OF LIBERAL ARTS, OFFERING UNDERGRADUATE DEGREES AND A MASTERS OF DIVINITY DEGREE. THE UNIVERSITY PROVIDES STUDENT AID TO QUALIFIED STUDENTS WHO EXPRESS A FINANCIAL NEED IN ORDER TO COMPLETE THEIR EDUCATION. THERE ARE APPROXIMATELY 2,700 FULL-TIME AND PART-TIME STUDENTS. THE UNIVERSITY ALSO OFFERS STUDENT HOUSING. 40556775 1 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 129 0 1 1042 1 0 0 0 0 0 0 0 0 0 0 X 31 31 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 0 0 0 X DEBRA LATIMORE 9195468206 118 EAST SOUTH STREET RALEIGH NC 27106 DR GEORGE DEBNAM 1.00 X 3744 0 0 DR CORNELL ADAMS 1.00 X 0 0 0 MR RANDOLPH BAZEMORE 1.00 X 0 0 0 DR JOSEPH BELL 1.00 X X 0 0 0 DR GENEVA CHAVIS 1.00 X X 0 0 0 MR THOMAS DARDEN 1.00 X 0 0 0 DR WILBERFORCE MUNDIA 40.00 X 47794 0 0 DR DAVID FORBES 1.00 X 0 0 0 DR WILLIE GARY 1.00 X X 0 0 0 DR EVANDER HOLYFIELD 1.00 X 0 0 0 DR JOHN KESTER 1.00 X 0 0 0 DR DON KING 1.00 X 0 0 0 DR WILSON LACY 1.00 X 0 0 0 DR H DONELL LEWIS 1.00 X 0 0 0 DR JOHN LUCAS 1.00 X 0 0 0 DR ROBERT MORGAN 1.00 X 0 0 0 DR GL TURNER 1.00 X 0 0 0 DR DAVID WALKER 1.00 X 0 0 0 DR IDA SILVER WIGGENS 1.00 X 0 0 0 DR LORENZO WILLIAMS 1.00 X 0 0 0 DR LINDA BRYAN 1.00 X 0 0 0 MR ANDREW CANN 1.00 X 0 0 0 DR HAYWOOD GRAY 1.00 X 0 0 0 DR GREGORY MOSS 1.00 X 0 0 0 MS EMILY PERRY 1.00 X 0 0 0 DR DOROTHY COWSER YANCY 40.00 X 184358 0 0 DR CLARENCE NEWSOME 40.00 X 156056 0 0 DR JEFFREY A SMITH 40.00 X 145000 0 0 DR MARILYN SUTTON-HAYWOOD 40.00 X 153214 0 0 DR IRMA MCLAURIN 40.00 X 96813 0 0 LES MONROE 40.00 X 82366 0 0 MR THOMAS POITIER 40.00 X 96039 0 0 DR TALBERT SHAW 1.00 X 93819 0 0 ADEMOLA EJIRE 40.00 X 139121 0 0 DEVA SHARMA 40.00 X 125961 0 0 DARRELL ASBERRY 40.00 X 104295 0 0 1428580 0 0 7 0 1 0 THOMPSON HOSPITALITY SERVICES 505 HUNTMAR PARK DR HERNDON VA 20170 CATERING AND FOOD SERVICES 2290584 KREATIVE KONCEPTS INC PO BOX 61083 RALEIGH NC 27661 HOUSEKEEPING 819138 HONEYWELL INT'L INC 140 SOUTHCENTER CT STE 5300 MORRISVILLE NC 27560 HVAC 607740 AVARIA NETWORKS 5540 CENTERVIEW DRIVE RALEIGH NC 27606 COMPUTER CONSULTING 471575 BDO USA LLP PO BOX 642743 PITTSBURGH PA 152642743 AUDITING AND TAX 369507 17 7698108 3006536 86869 10704644 TUITION AND FEES 900099 31497626 31497626 AUXILIARY INCOME 900099 8237791 8237791 39735417 515527 515527 234000 234000 234000 234000 4032514 3431047 601467 601467 601467 HOMECOMING 900099 37667 37667 ATHLETIC HALL OF FAME 900099 12390 12390 DOLLAR-A-DAY 900099 4325 4325 50132 50132 104514 51895569 39735417 0 1455508 478313 478313 4687211 4687211 1036185 883926 152259 16401110 12235862 3978684 186564 1543379 947413 585701 10265 1517340 1140267 361298 15775 80674 80674 413173 413173 450 450 2329953 1641334 682223 6396 71931 69707 1224 1000 1321623 1050528 254258 16837 1136179 1136179 2314139 1364735 949404 1256571 1059254 160686 36631 5827 5827 1378624 1378624 2687877 2450739 237138 683021 683021 BAD DEBT EXPENSE 2759082 2759082 FOOD SERVICES 2240561 2236867 3694 SERVICES OTHER 2046773 1435137 611636 ESCHEATS EXPENSE 1895545 1895545 CONSTRUCTION/RENOVATION 1341118 1341118 2249362 2196716 52646 51876021 40556775 11045778 273468 938709 3663152 4098893 2533286 4895593 5071148 2159572 1946427 257041 357469 3332 3516 722299 689721 68707205 27550275 42511060 41156930 11368937 15620075 4578374 7392952 71533810 78434676 4468825 9988889 29935791 29852866 3472813 3424723 1684812 1067485 39562241 44333963 X 19188607 21178149 3464288 3599948 9318674 9322616 31971569 34100713 71533810 78434676 X 19548 2109596 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8740652 3942 8744594 8739637 1015 8740652 8130814 608823 8739637 1.00000 0 0 2364217 2364217 54152208 18911485 35240723 12138180 8638790 3499390 52600 52600 41156930 REAL ESTATE 4607506 INSURANCE RECEIVABLE 2785446 7392952 CAPITAL LEASES PAYABLE 801011 ADVANCES FROM FEDERAL GOVERNMENT 266474 1067485 51895569 51876021 19548 1845602 263994 2109596 2129144 49053960 1845602 1845602 47208358 4687211 4687211 51895569 47188810 0 47188810 4687211 4687211 51876021 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: TO PROVIDE SCHOLARSHIPS TO STUDENTS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: SHAW UNIVERSITY HAS EVALUATED THE IMPACT OF ASC 740 FOR THE FISCAL YEAR ENDING JUNE 30, 2011, AND HAS NO UNCERTAIN TAX POSITIONS. PART XI, LINE 8 - OTHER ADJUSTMENTS: PROPERTY INSURANCE NET PROCEEDS 263,994. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT ASSISTANCE 4,687,211. PART XIII, LINE 4B - OTHER ADJUSTMENTS: STUDENT ASSISTANCE 4,687,211. 1 1 0 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 THE SCHOOL HAS NOT UTILIZED NEWSPAPER AND BROADCAST MEDIA YET, BUT PLANS TO IN THE FUTURE. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES AID FROM THE DEPARTMENT OF EDUCATION. CENTRAL AMERICA AND THE CARIBBEAN 1 20 PROGRAM SERVICES PROSTATE CANCER SCREENING 377408 1 20 0 0 1 20 377408 0 377408 0 0 0 0 0 0 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, PART I, LINE 2: ALL GRANT FUNDS THAT WERE OUTSIDE OF THE U.S. WERE PAID DIRECTLY FROM THE UNIVERSITY WITH ALL OF THE SUPPORTING DOCUMENTATION. INDIVIDUALS WHO TRAVEL OUTSIDE THE U.S. WERE PAID A PER DIEM AND WERE REQUIRED TO RETURN SUPPORTING DOCUMENTATION AND RECEIPTS. ALL DOCUMENTATION IS REVIEWED BY THE POST AWARD SPECIALIST AND THE PURCHASING DEPARTMENT PRIOR TO PAYMENT. 1 UNITED NEGRO COLLEGE FUND 8260 WILLOW OAKS CORP DR PO BOX FAIRFAX VA 22031 131624241 501(C)(3) 478313 FUND EDUCATION 1 0 U.S. INDIVIDUALS - STUDENT SCHOLARSHIPS 880 3539978 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE UNIVERSITY HAS A FINANCIAL AID OFFICE WITH THE NECESSARY STAFF, POLICIES AND PROCEDURES TO ENSURE THAT THE UNIVERSITY ADHERES TO AND COMPLIES WITH FEDERAL REGULATIONS REGARDING ELIGIBILITY FOR STUDENT FINANCIAL AID. THE UNIVERSITY HAS ADEQUATE STAFFING IN ITS OTHER GRANT PROGRAMS WITH ELIGIBILITY GUIDELINES TO ENSURE COMPLIANCE. THE UNIVERSITY ALSO UNDERGOES THE REQUIRED OMB CIRCULAR A-133 AUDITS. X 1 1 X X X 0 0 0 0 0 0 0 0 0 DR DOROTHY COWSER YANCY 138278 0 0 0 46080 0 0 0 0 0 184358 0 0 0 DR CLARENCE NEWSOME 97367 0 0 0 58689 0 0 0 0 0 156056 0 0 0 DR MARILYN SUTTON-HAYWOOD 153214 0 0 0 0 0 0 0 0 0 153214 0 0 0 GARY FINANCIAL GROUP BROTHER OF FREDDIE GARY, WHO IS MEMBER OF SHAW UNIV. INSURANCE PROVIDER. 1543379 DR. WILLE GARY IS CHAIRMAN OF THE SHAW UNIVERSITY BOARD. SHAW UNIVERSITY PURCHASES INSURANCE FROM GARY FINANCIAL GROUP OF WHICH DR. GARY'S BROTHER, FREDDIE GARY, IS A MEMBER. 0 X 600 X EQUIPMENT 85960 FMV X OTHER 309 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE RETURN IS PREPARED IN CONJUNCTION WITH OUR OUTSIDE TAX PREPARERS. THE VP OF FISCAL AFFAIRS REVIEWS THE RETURN PRIOR TO FILING. THE BOARD OF DIRECTORS ALSO REVIEWS THE RETURN PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THERE WERE NO CONFLICTS THAT WERE REVIEWED FOR THIS FISCAL YEAR. IF WE WERE TO HAVE CONFLICTS, THE CHAIRMAN OF THE BOARD WOULD RESOLVE THEM. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 1,845,602. PROPERTY INSURANCE NET PROCEEDS 263,994. TOTAL TO FORM 990, PART XI, LINE 5: 2,109,596. 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.