2012-03-09T16:14:40-06:00 2011-05-31 SMITH LEONARD PLLC 4035 PREMIER DRIVE SUITE 300 HIGH POINT NC 27265 990 2010-06-01 560529999 HIGH POINT UNIVERSITY HIGH 3368419000 833 MONTLIEU AVENUE HIGH POINT NC 27262 DENNY G BOLTON 3368419000 2012-03-02 1 ADDISON R MAILLE 3368830181 2010 2016-02-24 21:20:13Z DENNY G BOLTON 833 MONTLIEU AVENUE HIGH POINT NC 27262 176684545 0 X WWW.HIGHPOINT.EDU X EXEMPT ORGANIZATION 1928 NC EDUCATION OF COLLEGE STUDENTS 47 47 1802 0 8978 7978 4744063 25634689 98440471 123226957 1812118 821916 224012 1465534 105220664 151149096 15885539 18924300 0 0 26112335 36014672 0 0 847104 54432553 59248482 96430427 114187454 8790237 36961642 351549324 396965184 184431906 188760682 167117418 208204502 X HIGH POINT UNIVERSITY'S PRIMARY MISSION IS TO PROVIDE HIGHER EDUCATION TO STUDENTS UNDER A COLLEGE DEGREE PROGRAM. THE ORGANIZATION ALSO HAS PROGRAMS THAT PROVIDE ROOM, BOARD, BOOKS AND INTERCOLLEGIATE ATHLETIC ACTIVITES TO STUDENTS. THESE PROGRAMS PROVIDE SERVICES AND ACTIVITIES FOR STUDENTS WHICH ARE AN INTEGRAL PART OF THE INSTITUTION'S EXEMPT PURPOSES. 0 0 66698426 18924300 86201706 EDUCATION OF COLLEGE STUDENTS 1581947 4081508 ADULT CONTINUING EDUCATION 68280373 1 1 0 0 0 0 1 0 0 1 1 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 1 1 1 1 0 0 1 0 0 0 0 0 1 195 0 1 1802 1 1 1 1 CJ 0 0 0 1 1 0 0 0 0 X 47 47 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NC X HIGH POINT UNIVERSITY 3368419000 833 MONTLIEU AVENUE HIGH POINT NC 27262 ELIZABETH ALDRIDGE 0.00 X 0 0 0 KATHERINE M BOLES 0.00 X 0 0 0 L PAUL BRAYTON 0.00 X 0 0 0 ROBERT J BROWN 0.00 X 0 0 0 RICHARD P BUDD 0.00 X 0 0 0 LYNNE CALDWELL 0.00 X 0 0 0 DORIS R COGGIN 0.00 X 0 0 0 EARL CONGDON 0.00 X 0 0 0 FLOYD T CRAVEN 0.00 X 0 0 0 ROBERT G CULP III 0.00 X 0 0 0 JAMES L CRESIMORE 0.00 X 0 0 0 JOHN FINCH 0.00 X 0 0 0 SHIRLEY FRYE 0.00 X 0 0 0 CHRISTOPHER L HENSON 0.00 X 0 0 0 DAVID L FRANCIS 0.00 X 0 0 0 THOMAS S HAGGAI 0.00 X 0 0 0 C FELIX HARVEY III 0.00 X 0 0 0 DONALD W HAYNES 0.00 X 0 0 0 DAVID R HAYWORTH 0.00 X 0 0 0 W R HENDERSON 0.00 X 0 0 0 CARTER T HOLBROOK JR 0.00 X 0 0 0 TOM E INGRAM 0.00 X 0 0 0 RON L JONES 0.00 X 0 0 0 GENE C KESTER 0.00 X 0 0 0 WILLIAM V KESTER JR 0.00 X 0 0 0 MIRIAM O KIMSEY 0.00 X 0 0 0 PETER A MAHLER 0.00 X 0 0 0 KATHERINE K MAYNARD 0.00 X 0 0 0 MEREDITH S MICHENER 0.00 X 0 0 0 JAMES H MILLIS JR 0.00 X 0 0 0 MOLLY MILLIS-HEDGECOCK 0.00 X 0 0 0 ADNAN M MJALLI 0.00 X 0 0 0 MARK A NORCROSS 0.00 X 0 0 0 CLARENCE H RIDLEY 0.00 X 0 0 0 JOHN C SLANE 0.00 X 0 0 0 MARSHA B SLANE 0.00 X 0 0 0 ORLANDO H SMITH 0.00 X 0 0 0 THOMAS B STOCKTON 0.00 X 0 0 0 ASHLEY CROWDER STANLEY 0.00 X 0 0 0 J ROBERT STOUT 0.00 X 0 0 0 ROBERT E STROUPE 0.00 X 0 0 0 RICHARD F VERT 0.00 X 0 0 0 ANNE K WALKER 0.00 X 0 0 0 COY O WILLIARD JR 0.00 X 0 0 0 CHARLES W WILSON II 0.00 X 0 0 0 FEDERICK WILSON 0.00 X 0 0 0 PLATO S WILSON 0.00 X 0 0 0 WILLIAM F WOMBLE 0.00 X 0 0 0 W VANN YORK 0.00 X 0 0 0 NIDO QUBEIN 40.00 X 739872 0 0 D ANDREW BILLS 40.00 X 195509 0 0 DENNIS CARROLL 40.00 X 193544 0 0 CHRISTOPHER DUDLEY 40.00 X 183172 0 0 DONALD SCARBOROUGH 40.00 X 157667 0 0 GAIL TUTTLE 40.00 X 154805 0 0 WELLINGTON DESOUZA 40.00 X 154195 0 0 WILLIAM DUNCAN 40.00 X 149849 0 0 SCOTT CHERRY 40.00 X 172922 0 0 CRAIG KEILITZ 40.00 X 129044 0 0 JAMES WEHRLEY 40.00 X 128777 0 0 MARIANN TILLERY 40.00 X 125497 0 0 JAMES STITT 40.00 X 114562 0 0 JACOB C MARTINSON 0.00 X 65339 0 0 2664754 0 0 13 1 1 0 ARAMARK SERVICES 1101 MARKET STREET PHILADELPHIA PA 19107 FOOD SERVICE 8131997 BUDD GROUP 125 BUDD BOULEVARD WINSTONSALEM NC 27103 MAINTENANCE SERVICES 3748675 COX SCHEPP CONSTRUCTION INC 2410 DUNAVANT STREET CHARLOTTE NC 28203 CONSTRUCTION 2812799 SMITH & JENNINGS INC 1020 HEDGECOCK ROAD HIGH POINT NC 27265 CONSTRUCTION 2418820 APPLEGATE RESTAURANTS LLC 2605 OLD GREENSBORO ROAD HIGH POINT NC 27265 FOOD SERVICE 1135631 72 1933192 23701497 25634689 STUDENT TUITION & FEES 611710 90283213 90283213 RESIDENCE HALL FEES 721310 17647212 17647212 CAFETERIA/MEALS 722210 14627642 14627642 INTERCOLLEGIATE ATHLET 611710 382113 382113 BOOKSTORE 611710 274127 274127 12650 12650 123226957 2020264 2011286 8978 1043242 326861 716381 716381 716381 24010240 25208588 -1198348 -1198348 -1198348 SUMMER CONFERENCES & O 611710 749153 749153 749153 151149096 125505429 8978 0 18924300 18924300 2147405 2147405 28547228 22948302 5300974 297952 1324000 1324000 3996039 2909935 1012916 73188 204949 204949 1145128 2079 1143049 894458 73992 344502 475964 3662097 3662097 780388 762638 17750 3809912 3809912 16806448 16806448 OUTSIDE SERVICES 11427917 8185283 3242634 MISCELLANEOUS 4241248 1914347 2326901 SUPPLIES 3795972 3791012 4960 EQUIPMENT RENTAL 3060902 3060902 UTILITIES 2169532 293452 1876080 7249531 3488936 3760595 114187454 68280373 45059977 847104 6219245 7074636 3015351 3125900 5528079 17249189 4326120 3882167 654225 646454 396304198 82861271 292501211 313442927 32701353 36030806 6603740 15513105 351549324 396965184 12786838 17093334 166374920 165291429 5270148 6375919 184431906 188760682 X 126873740 163134489 7085539 7003305 33158139 38066708 167117418 208204502 351549324 396965184 X 36961642 4125442 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 769854 0 0 X 0 34090960 34090960 281809984 42863843 238946141 26520118 4961622 21558496 53883136 35035806 18847330 313442927 ART COLLECTION 769854 C INSURANCE CONTRACT 301953 C CORPORATE STOCKS, BONDS & NOTE 34958999 F 36030806 DEFERRED INCOME 4553613 DEPOSITS HELD IN CUSTODY 342835 FEDERAL & STATE STUDENT LOAN MONIES 1479471 6375919 151149096 114187454 36961642 4125442 4125442 41087084 155274538 4125442 4125442 151149096 0 151149096 95263154 0 95263154 18924300 18924300 114187454 PART XI, LINE 8 - OTHER ADJUSTMENTS: NET UNREALIZED GAIN/(LOSS) ON INVESTMENTS 4,533,884. CHANGE IN INTEREST RATE SWAP -408,442. PART XII, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED GAIN/(LOSS) ON INVESTMENTS 4,533,884. INTEREST RATE SWAP -408,442. PART XIII, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND ALLOCATIONS 18,924,300. 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 ALL BROADCASTS & PUBLISHED STATEMENTS FOLLOW THE GUIDELINES PER REVENUE PROCEDURE 75-50 AND ARE DISSEMINATED TO ALL SEGMENTS OF THE GENERAL COMMUNITY SERVED BY THE SCHOOL. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 SCHEDULE A, PART V, QUESTION 34A: HIGH POINT UNIVERSITY RECEIVES THE FOLLOWING FINANCIAL AID OR ASSISTANCE FROM GOVERNMENTAL AGENCIES: U.S. DEPARTMENT OF EDUCATION: FEDERAL PROGRAMS: FEDERAL SUPPLEMENTAL EDUCATION OPPORTUNITY GRANT FEDERAL FAMILY EDUCATION LOAN PROGRAM FEDERAL WORK-STUDY PROGRAM FEDERAL PERKINS LOAN PROGRAM FEDERALL PELL GRANT PROGRAM COLLEGE FACILITIES PROGRAM DIRECT LOAN PROGRAM STATE PROGRAMS: STATE CONTRACTUAL SCHOLARSHIP FUND NORTH CAROLINA LEGISLATIVE TUITION GRANT NORTH CAROLINA STATE STUDENT INCENTIVE GRANT 1 VARIOUS SCHOLARSHIPS & STUDENT AID 3465 18924300 FMV PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: HIGH POINT UNIVERSITY AWARDS VARIOUS SCHOLARSHIPS TO STUDENTS TO DETERMINE THAT RECIPIENTS QUALIFY TO RECEIVE PAYMENTS. X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 NIDO QUBEIN 597856 0 13300 0 128716 0 19600 0 11865 0 771337 0 0 0 D ANDREW BILLS 187931 0 4100 0 3478 0 9885 0 9769 0 215163 0 0 0 DENNIS CARROLL 188515 0 4000 0 1029 0 15167 0 1069 0 209780 0 0 0 CHRISTOPHER DUDLEY 178759 0 4000 0 413 0 15167 0 10825 0 209164 0 0 0 DONALD SCARBOROUGH 153384 0 3170 0 1113 0 12640 0 4616 0 174923 0 0 0 GAIL TUTTLE 151162 0 3100 0 543 0 12233 0 1755 0 168793 0 0 0 WELLINGTON DESOUZA 150731 0 3100 0 364 0 12333 0 2186 0 168714 0 0 0 SCOTT CHERRY 159127 0 3400 0 10395 0 8396 0 8789 0 190107 0 0 0 JACOB C MARTINSON 15339 0 0 0 50000 0 0 0 0 0 65339 0 0 0 JOE BUDD SON OF RICHARD BUDD, A TRUSTEE OF THE ORGANIZATION 3754012 JOE BUDD IS PRESIDENT OF BUDD GROUP THAT IS CONTRACTED TO PERFORM MAINTENANCE, GROUNDS KEEPING AND JANITORIAL SERVICES FOR HIGH POINT UNIVERSITY. 0 DEENA AND RAMSEY QUBEIN CHILDREN OF PRESIDENT OF THE ORGANIZATION 365000 DEENA AND RAMSEY QUBEIN OWN CREATIVE SERVICES, A PUBLIC RELATION FIRM DOING BUSINESS WITH HIGH POINT UNIVERSITY SINCE 1994, 11 YEARS BEFORE THE CURRENT PRESIDENT TOOK OFFICE. 0 DEENA AND RAMSEY QUBEIN CHILDREN OF PRESIDENT OF THE ORGANIZATION 732600 DEENA AND RAMSEY QUBEIN OWN MCNEILL LEHMAN, A PUBLIC RELATION FIRM DOING BUSINESS WITH HIGH POINT UNIVERSITY SINCE 1994, 11 YEARS BEFORE THE CURRENT PRESIDENT TOOK OFFICE. 0 0 BB&T PRESIDENT OF ORGANIZATION IS ON THE BOARD OF DIRECTORS OF BB&T 16790606 HIGH POINT UNIVERSITY DOES BANKING AND HAS A LINE OF CREDIT WITH BB&T. 0 COY WILLARD BOARD MEMBER OF THE ORGANIZATION 264215 PARTNER IN CONSTRUCTION COMPANY THAT IS BUILDING A FENCE AROUND CAMPUS. 0 HOLBROOK & ASSOCIATES PRESIDENT OF COMPANY IS ON THE BOARD OF DIRECTORS OF THE HPU PANTHER CLUB 686210 THE COMPANY PROVIDES CONSTRUCTION SERVICES FOR HIGH POINT UNIVERSITY. 0 X 2 0 X 2 0 X FURNITURE 3 0 X SERVICES 4 0 0 0 1 THIRD PARTY USE: PART I, LINE 32B: OCCASIONALLY THE ORGANIZATION RECEIVES REAL ESTATE AS A GIFT AND WILL HIRE AN INDEPENDENT REAL ESTATE AGENT TO SELL THE PROPERTY. NON REPORTING OF REVENUE: PART I, LINE 33: THE ORGANIZATION USED THE NON-CASH CONTRIBUTIONS FOR ITS EXEMPT PURPOSE AND SO NO REVENUE WAS GENERATED. FORM 990, PART VI, SECTION A, LINE 2 PRESIDENT NIDO QUBEIN IS CHAIRMAN AND VICE PRESIDENT; ANDREW BILLS WAS A DIRECTOR OF GREAT HARVEST BREAD COMPANY DURING THE FISCAL YEAR. FORM 990, PART VI, SECTION B, LINE 11 THE TAX RETURN PREPARER PROVIDES THE ORGANIZATION'S GOVERNING BODY A COPY OF FORM 990 TO BE FILED WITH THE INTERNAL REVENUE SERVICE FOR THE REVIEW OF THE ACCURACY OF THE INFORMATION REPORTED ON THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C EACH OFFICER OF THE ORGANIZATION IS REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT AGREEMENT. FORM 990, PART VI, SECTION B, LINE 15A INDEPENDENT CONSULTING FIRM WAS HIRED TO INITIALLY REVIEW THE COMPENSATION PACKAGE AND CONTINUES TO PROVIDE ONGOING GUIDANCE. 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 UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAIN/(LOSS) ON INVESTMENTS 4,533,884. CHANGE IN INTEREST RATE SWAP -408,442. TOTAL TO FORM 990, PART XI, LINE 5: 4,125,442. 1924 HOLDINGS LLC 833 MONTLIEU AVENUE HIGH POINT NC 27262 900660924 RENTAL NC 1043242 9823462 HIGH POINT UNIVERSITY