WARREN WILSON COLLEGE: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- WARREN WILSON COLLEGE (EIN 56-0767736)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2012-11-13
- IRS object ID
- 201243189349300709
- Schema version
- 2011v1.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-11-13T07:08:14-06:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 561391615 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CRAWLEY LEE & COMPANY PA | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 5595 | AddressLine1 |
| City | ASHEVILLE | City |
| State | NC | State |
| ZIP Code | 28813 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 560767736 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WARREN WILSON COLLEGE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | WARR | NameControl |
| Phone | 8282983325 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 9000 | AddressLine1 |
| City | ASHEVILLE | City |
| State | NC | State |
| ZIP Code | 288159000 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JONATHAN EHRLICH | Name |
| Title | VICE PRESIDENT FOR ADMIN & FINANCE | Title |
| Phone | 8282983325 | Phone |
| Date Signed | 2012-11-05 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JAMES A LEE | Name |
| PTIN | P00548231 | PTIN |
| Phone | 8282745524 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | JONATHAN EHRLICH | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 9000 | AddressLine1 |
| City | ASHEVILLE | City |
| State | NC | State |
| ZIP Code | 288159000 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 56968735 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.WARREN-WILSON.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1962 | YearFormation |
| State Legal Domicile | NC | StateLegalDomicile |
| Activity Or Mission Description | THE MISSION OF WARREN WILSON COLLEGE IS TO PROVIDE A DISTINCTIVE UNDERGRADUATE AND GRADUATE LIBERAL ARTS EDUCATION. THE COLLEGE'S UNDERGRADUATE EDUCATION COMBINES ACADEMICS, WORK, AND SERVICE IN A LEARNING COMMUNITY COMMITTED TO ENVIRONMENTAL RESPONSIBILITY, CROSS-CULTURAL UNDERSTANDING, AND THE COMMON GOOD. THE COLLEGE IS AN INDEPENDENT, ACCREDITED, FOUR-YEAR LIBERAL ARTS COLLEGE WHICH AWARDS THE BACHELOR OF ARTS AND BACHELOR OF SCIENCE DEGREE IN A VARIETY OF DISCIPLINES AND THE MASTER OF FINE ARTS DEGREE IN CREATIVE WRITING. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 39 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 36 | NbrIndependentVotingMembers |
| Total Nbr Employees | 1521 | TotalNbrEmployees |
| Total Nbr Volunteers | 29 | TotalNbrVolunteers |
| Total Gross UBI | -151752 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -151752 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 6041730 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 6357714 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 30705645 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 31091296 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 2391736 | InvestmentIncomePriorYear |
| Investment Income Current Year | 10283194 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 1539565 | OtherRevenuePriorYear |
| Other Revenue Current Year | -576830 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 40678676 | TotalRevenuePriorYear |
| Total Revenue Current Year | 47155374 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 8047226 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 8410245 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 18738276 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 18652858 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 1059743 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 11231195 | OtherExpensePriorYear |
| Other Expenses Current Year | 10949990 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 38016697 | TotalExpensesPriorYear |
| Total Expenses Current Year | 38013093 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 2661979 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 9142281 | RevenuesLessExpensesCY |
| Total Assets BOY | 101597511 | TotalAssetsBOY |
| Total Assets EOY | 108610397 | TotalAssetsEOY |
| Total Liabilities BOY | 18563082 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 18469985 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 83034429 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 90140412 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | THE MISSION OF WARREN WILSON COLLEGE IS TO PROVIDE A DISTINCTIVE UNDERGRADUATE AND GRADUATE LIBERAL ARTS EDUCATION. THE COLLEGE'S UNDERGRADUATE EDUCATION COMBINES ACADEMICS, WORK, AND SERVICE IN A LEARNING COMMUNITY COMMITTED TO ENVIRONMENTAL RESPONSIBILITY, CROSS-CULTURAL UNDERSTANDING, AND THE COMMON GOOD. THE COLLEGE IS AN INDEPENDENT, ACCREDITED, FOUR-YEAR LIBERAL ARTS COLLEGE WHICH AWARDS THE BACHELOR OF ARTS AND BACHELOR OF SCIENCE DEGREE IN A VARIETY OF DISCIPLINES AND THE MASTER OF FINE ARTS DEGREE IN CREATIVE WRITING. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 31364663 | Expense |
| Grants | 8410245 | Grants |
| Revenue | 30311006 | Revenue |
| Description | MOST PROGRAMS RENDERED ARE RELATED TO PROVIDING STUDENTS, ON A NON-DISCRIMINATORY BASIS, FOUR-YEAR LIBERAL ARTS DEGREES THROUGH AN INTEGRATED TRIAD OF ACADEMIC STUDY, USEFUL AND PRODUCTIVE WORK, AND SERVICE TO OTHERS BEYOND THE CAMPUS COMMUNITY. THE FULL-TIME EQUIVALENT ENROLLMENT AT THE COLLEGE DURING THE 2011-12 ACADEMIC YEAR WAS APPROXIMATELY 902 UNDERGRADUATE STUDENTS, AND A TOTAL OF 198 STUDENTS GRADUATED FROM THE COLLEGE DURING THE YEAR. A LOW-RESIDENCY GRADUATE PROGRAM IN CREATIVE WRITING LEADING TO A MASTER OF FINE ARTS DEGREE IS ALSO OFFERED, AND AVERAGES AROUND 75 ENROLLEES. THE COLLEGE PREPARES STUDENTS REPRESENTING A BROADLY DIVERSE WORLD FOR SERVICE, LEADERSHIP, AND MEANINGFUL LIFELONG WORK AND STUDY BY OFFERING AN EDUCATIONAL PROGRAM THAT ENABLES STUDENTS TO THINK CRITICALLY, OBTAIN AND EVALUATE INFORMATION EFFECTIVELY, AND COMMUNICATE CLEARLY, INTRODUCING THEM TO A VARIETY OF WAYS BY WHICH HUMANS ACQUIRE AND USE KNOWLEDGE, AND THAT PROVIDES STUDENTS WITH OPPORTUNITIES TO DEVELOP A BREADTH OF UNDERSTANDING AND TO MAKE CONNECTIONS AMONG AREAS CONSIDERED CRITICAL TO A LIBERAL ARTS CURRICULUM, REQUIRING THAT THEY DEMONSTRATE A DEPTH OF UNDERSTANDING THROUGH COMPETENCE IN ONE OR MORE ACADEMIC DISCIPLINES. ENVIRONMENTAL STUDIES IS THE MAJOR WITH THE LARGEST NUMBER OF STUDENTS, IN KEEPING WITH ANOTHER INSTITUTIONAL OBJECTIVE, THAT OF PROMOTING ENVIRONMENTAL RESPONSIBILITY THROUGH EDUCATION, CAMPUS OPERATIONS, POLICY, AND COMMUNITY OUTREACH. THE COLLEGE ALSO FURNISHES STUDENTS WITH OPPORTUNITIES TO UNDERSTAND AND APPRECIATE A VARIETY OF CULTURES, ASSISTING THEM IN DEVELOPING AWARENESS OF THE COMMONALITY OF HUMAN PROBLEMS AND THE DIVERSITY OF THE WORLD. TOWARD THESE ENDS, THE COLLEGE SPONSORED A NUMBER OF STUDY ABROAD DESTINATIONS IN BELIZE, CHILE, TANZANIA, NICARAGUA AND ITALY TO WHICH 60 STUDENTS TRAVELED, LED BY THE COLLEGE'S OWN FACULTY AND STAFF. IN ADDITION, 34 STUDENTS STUDIED ABROAD INDEPENDENTLY FOR THE SUMMER, SEMESTER, OR YEAR WITH PARTNER INSTITUTIONS OR OTHER U.S. ACCREDITED PROGRAMS IN SIX DIFFERENT AFRICAN NATIONS, NINE LATIN AMERICAN NATIONS, FIVE EUROPEAN NATIONS AND THREE NATIONS IN THE NEAR EAST. THE TRIAD CONCEPT OF EDUCATION ALSO LEADS STUDENTS INTO CONSIDERED REFLECTION ON THE MEANING AND VALUE OF WORK AND SERVICE TO OTHERS, GUIDING STUDENTS IN EXAMINING THEIR LIVES AND ARTICULATING THEIR BELIEFS AND VALUES, AND PROVIDES THEM WITH OPPORTUNITIES FOR PERSONAL, PHYSICAL, MORAL, AND SPIRITUAL DEVELOPMENT. TOWARDS THESE ENDS, THE COLLEGE ORGANIZED 114 DIVERSE WORK CREWS IN THE COLLEGE WORK PROGRAM DURING THE YEAR, WITH APPROXIMATELY 831 STUDENTS PARTICIPATING IN THE FALL OF 2011 AND 718 STUDENTS PARTICIPATING IN THE SPRING OF 2012. THE ANNUAL COLLEGE-WIDE WORK DAY YIELDED ABOUT 420 STUDENT PARTICIPANTS AND ABOUT 35 FACULTY/STAFF PARTICIPANTS. IN THE SERVICE AREA OF THE TRIAD, OVER 850 STUDENTS COMPLETED 28,224 VOLUNTEER HOURS AT 235 LOCAL, NATIONAL, AND INTERNATIONAL AGENCIES DURING THE YEAR. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 537158 | Expense |
| Revenue | 780290 | Revenue |
| Description | THE SWANNANOA GATHERING IS A SERIES OF WEEKLY EDUCATIONAL SUMMER MUSIC WORKSHOPS HELD ON THE WARREN WILSON COLLEGE CAMPUS EACH JULY AND AUGUST. THE ENROLLMENT IS LIMITED, WITH AN OPEN FORMAT, WHICH ALLOWS EACH STUDENT TO SELECT THEIR OWN CURRICULUM FROM A VARIETY OF COURSES WITH DIFFERENT EXPERIENCE LEVELS AND ABILITIES. HOUSING AND MEALS FOR PARTICIPANTS IS AN OPTION. THE NORTH CAROLINA DEPARTMENT OF PUBLIC INSTRUCTION HAS ALLOWED 3 HOURS OF TEACHING CERTIFICATE RENEWAL CREDITS, WITH PRIOR APPROVAL, FOR EACH WEEK OF THE SERIES. TOTAL STUDENTS IN THE SUMMER OF 2011 WERE 927, RANGING BETWEEN 60 AND 257 PARTICIPANTS FOR EACH OF THE FIVE WEEKS. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 31901821 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 1 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 1 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 273 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 1521 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Form1098 C Filed | 1 | Form1098CFiled |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 39 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 36 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 0 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 0 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARY DAVIS CONTROLLER | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 8282983325 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 701 WARREN WILSON ROAD | AddressLine1 |
| City | SWANNANOA | City |
| State | NC | State |
| ZIP Code | 28778 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (49 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| JOHN W ALEXANDER | |||||||
| TRUSTEE / VICE CHAIR, INVESTMENT COMMITTEE | 1.50 | X | 0 | 0 | 0 | ||
| LESLIE ANDERSON | |||||||
| TRUSTEE / VICE CHAIR, BUSINESS & FINANCE COMMITTEE | 1.50 | X | 0 | 0 | 0 | ||
| H ROSS ARNOLD III | |||||||
| TRUSTEE / CHAIR, INVESTMENT COMMITTEE | 1.50 | X | 0 | 0 | 0 | ||
| MYRON P BOON | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| STUART U BUICE | |||||||
| TRUSTEE / VICE CHAIR, STUDENT LIFE COMMITTEE | 1.00 | X | 0 | 0 | 0 | ||
| CARMEN CASTALDI | |||||||
| TRUSTEE / VICE CHAIR, ADMISSION & MRKTNG COMMITTEE | 1.00 | X | 0 | 0 | 0 | ||
| DONALD R COOPER | |||||||
| TRUSTEE / VICE CHAIR, ADVANCEMENT COMMITTEE | 1.50 | X | 0 | 0 | 0 | ||
| DR HENRY J COPELAND | |||||||
| TRUSTEE / CHAIR, ACADEMIC AFFAIRS COMMITTEE | 1.50 | X | 0 | 0 | 0 | ||
| JOHN W CRUIKSHANK III | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| TOM CS DAO | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| DR SHERLE STEVENSON EDWARDS | |||||||
| TRUSTEE / VICE CHAIR, TRIAD EDUCATION COMMITTEE | 1.00 | X | 0 | 0 | 0 | ||
| DR JONATHAN L ELION | |||||||
| TRUSTEE / CHAIR, TRUSTEESHIP COMMITTEE | 2.00 | X | 0 | 0 | 0 | ||
| THOMAS F FRIST | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| THE REV ROSA LEE HARDEN | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| THOMAS K JOHNSON | |||||||
| TRUSTEE / CHAIR, ADMISSION & MARKETING COMMITTEE | 1.50 | X | 0 | 0 | 0 | ||
| DR STEVEN M KANE | |||||||
| TRUSTEE / VICE CHAIR, ACADEMIC AFFAIRS COMMITTEE | 1.00 | X | 0 | 0 | 0 | ||
| JOSEPH KARPEN | |||||||
| TRUSTEE | 1.50 | X | 0 | 0 | 0 | ||
| THOMAS L KILDAY | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| JAMES A KUHNS | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| DR ANNE GRAHAM MASTERS | |||||||
| TRUSTEE / CHAIR, STUDENT LIFE COMMITTEE | 1.50 | X | 0 | 0 | 0 | ||
| MACK B PEARSALL | |||||||
| TRUSTEE / CHAIR, ADVANCEMENT COMMITTEE | 2.00 | X | 0 | 0 | 0 | ||
| ROBERT G SMITH | |||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| DR GEORGE E STUART | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| THE REV DR TERRY V SWICEGOOD | |||||||
| TRUSTEE / CHAIR, TRIAD EDUCATION COMMITTEE | 1.00 | X | 0 | 0 | 0 | ||
| FRANCES M WHITFIELD | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| MIMI R CECIL EX-OFFICIO | |||||||
| TRUSTEE (FORMER BOARD CHAIR) | 0.00 | X | 0 | 0 | 0 | ||
| MELISSA T DAVIS EX-OFFICIO | |||||||
| TRUSTEE (PRESIDENT, ALUMNI BOARD) | 1.00 | X | 0 | 0 | 0 | ||
| HOWELL L FERGUSON EX-OFFICIO | |||||||
| TRUSTEE (FORMER BOARD CHAIR) | 0.00 | X | 0 | 0 | 0 | ||
| J LLOYD HORTON EX-OFFICIO | |||||||
| TRUSTEE (PRESBYTERY REPRESENTATIVE) | 1.50 | X | 0 | 0 | 0 | ||
| FRESSIA W MCKEE EX-OFFICIO | |||||||
| TRUSTEE (STUDENT REPRESENTATIVE) | 1.50 | X | 0 | 0 | 0 | ||
| DR DAVID G MOORE EX-OFFICIO | |||||||
| TRUSTEE (FACULTY REPRESENTATIVE) | 1.00 | X | 0 | 0 | 0 | ||
| THE REVTHOMAS F MAINOR EX-OFFICIO | |||||||
| TRUSTEE(CHAIR,CHURCH/INTERFAITH RELATIONS COUNCIL) | 1.50 | X | 0 | 0 | 0 | ||
| DR HUGH D VERNER EX-OFFICIO | |||||||
| TRUSTEE (FORMER BOARD CHAIR) | 0.00 | X | 0 | 0 | 0 | ||
| KERITH A WILLEVER EX-OFFICIO | |||||||
| TRUSTEE (STAFF REPRESENTATIVE) | 1.00 | X | 0 | 0 | 0 | ||
| JOEL B ADAMS | |||||||
| CHAIR TO 4/2012; VICE CHAIR FROM 4/2012 | 2.50 | X | 0 | 0 | 0 | X | |
| ALICE BUHL | |||||||
| VICE CHAIR TO 4/2012; CHAIR FROM 4/2012 | 2.50 | X | 0 | 0 | 0 | X | |
| WILLIAM H CHRISTY | |||||||
| SECRETARY / TRUSTEE | 2.00 | X | 0 | 0 | 0 | X | |
| ROWENA M POMEROY NON-VOTING | |||||||
| ASST SECRETARY / ADMIN ASST TO THE PRESIDENT | 40.00 | 44441 | 0 | 8907 | X | ||
| STEPHEN L UMMEL | |||||||
| TREASURER / TRUSTEE / CHAIR, BUSINESS & FINANCE | 2.00 | X | 0 | 0 | 0 | X | |
| DR WILLIAM S PFEIFFER EX-OFFICIO | |||||||
| PRESIDENT / TRUSTEE | 40.00 | X | 215745 | 0 | 43531 | X | |
| RICHARD BLOMGREN | |||||||
| VP FOR ADVANCEMENT, ADMISSION, MARKETING | 40.00 | 113650 | 0 | 22356 | X | ||
| JONATHAN EHRLICH | |||||||
| VP FOR ADMINISTRATION AND FINANCE | 40.00 | 117454 | 0 | 22737 | X | ||
| PAULA GARRETT | |||||||
| VP FOR ACADEMIC AFFAIRS / DEAN OF THE COLLEGE | 40.00 | 121867 | 0 | 22073 | X | ||
| CATHERINE KRAMER | |||||||
| DEAN OF SERVICE | 40.00 | 60336 | 0 | 16895 | X | ||
| DEBORAH MYERS UNTIL 282012 | |||||||
| DEAN OF STUDENT LIFE | 40.00 | 78362 | 0 | 24597 | X | ||
| PAUL PERRINE FROM 292012 | |||||||
| INTERIM DEAN OF STUDENT LIFE | 40.00 | 21867 | 0 | 15199 | X | ||
| IAN ROBERTSON | |||||||
| DEAN OF WORK | 40.00 | 78185 | 0 | 16281 | X | ||
| DEBRA GILDEA | |||||||
| DIRECTOR OF THE MFA PROGRAM | 40.00 | 82339 | 0 | 19206 | X | ||
| JOHN BROCK | |||||||
| CHIEF SUSTAINABILITY OFFICIAL/EXE DIRECTOR, ELC | 40.00 | 69539 | 0 | 11717 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1003785 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 223499 | TotalOtherCompensation |
| Number Individuals GT100 K | 4 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation
Name Of Contractor NameOfContractor
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ESKOLA LLC | BusinessNameLine1 |
Address Of Contractor AddressOfContractor
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2418 MORELOCK ROAD | AddressLine1 |
| City | MORRISTOWN | City |
| State | TN | State |
| ZIP Code | 37814 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Services | ROOFING | DescriptionOfServices |
| Compensation | 112365 | Compensation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 1 | NumberOfContractorsGT100K |
| Government Grants | 2276306 | GovernmentGrants |
| All Other Contributions | 4081408 | AllOtherContributions |
| Noncash Contributions | 816900 | NoncashContributions |
| Total Contributions | 6357714 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION AND FEES | 611310 | 24063211 | 24063211 |
| AUXILIARY ENTERPRISES | 611710 | 6247795 | 6247795 |
| SWANNANOA GATHERING | 611600 | 780290 | 780290 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 31091296 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -4016892 | TotalRevenueColumn |
| Unrelated Business Revenue | 20573 | UnrelatedBusinessRevenue |
| Exclusion | -$4,037,465 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 23088966 | Securities |
| Other | 616204 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 8612160 | Securities |
| Other | 792924 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 14476806 | Securities |
| Other | -176720 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 14300086 | TotalRevenueColumn |
| Unrelated Business Revenue | 35531 | UnrelatedBusinessRevenue |
| Exclusion | $14,264,555 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 200421 | GrossSalesOfInventory |
| Cost Of Goods Sold | 408277 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -207856 | TotalRevenueColumn |
| Unrelated Business Revenue | -207856 | UnrelatedBusinessRevenue |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount |
|---|---|---|---|
| OTHER | 900099 | 416507 | $416,507 |
| GAIN FROM UNUSUAL ITEM | 900099 | 123637 | $123,637 |
| CHANGE IN INTEREST RAT | 900099 | -909118 | -$909,118 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | -368974 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 47155374 | TotalRevenueColumn |
| Related Or Exempt Function Income | 31091296 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | -151752 | UnrelatedBusinessRevenue |
| Exclusion | $9,858,116 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8410245 | Total |
| Program Services | 8410245 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 940823 | Total |
| Management And General | 881535 | ManagementAndGeneral |
| Fundraising | 59288 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14455959 | Total |
| Program Services | 12961244 | ProgramServices |
| Management And General | 943604 | ManagementAndGeneral |
| Fundraising | 551111 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1009916 | Total |
| Program Services | 793491 | ProgramServices |
| Management And General | 159764 | ManagementAndGeneral |
| Fundraising | 56661 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1370133 | Total |
| Program Services | 1144106 | ProgramServices |
| Management And General | 166890 | ManagementAndGeneral |
| Fundraising | 59137 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 876027 | Total |
| Program Services | 680719 | ProgramServices |
| Management And General | 148918 | ManagementAndGeneral |
| Fundraising | 46390 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 576324 | Total |
| Management And General | 576324 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1891952 | Total |
| Program Services | 1662848 | ProgramServices |
| Management And General | 229104 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| AUXILIARY ENTERPRISES-O | 2308828 | 2308828 | ||
| INSTITUTIONAL SUPPORT & | 2232546 | 1945390 | 287156 | |
| INSTRUCTION-OTHER | 1490759 | 1490759 | ||
| STUDENT SERVICES-OTHER | 1268938 | 1268938 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1180643 | Total |
| Program Services | 1180643 | ProgramServices |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 38013093 | Total |
| Program Services | 31901821 | ProgramServices |
| Management And General | 5051529 | ManagementAndGeneral |
| Fundraising | 1059743 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1850 | BOY |
| EOY | 1850 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8220392 | BOY |
| EOY | 8487457 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 118879 | BOY |
| EOY | 602510 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 457004 | BOY |
| EOY | 465347 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 48010 | BOY |
| EOY | 47127 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 191870 | BOY |
| EOY | 199650 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 283834 | BOY |
| EOY | 314458 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 67694417 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 35623128 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 32649317 | BOY |
| EOY | 32071289 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17026965 | BOY |
| EOY | 13886453 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 35819766 | BOY |
| EOY | 45019695 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6779624 | BOY |
| EOY | 7514561 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 101597511 | BOY |
| EOY | 108610397 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 810371 | BOY |
| EOY | 913915 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 740737 | BOY |
| EOY | 792643 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12065000 | BOY |
| EOY | 11505000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4946974 | BOY |
| EOY | 5258427 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18563082 | BOY |
| EOY | 18469985 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 31819329 | BOY |
| EOY | 32269132 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 24051896 | BOY |
| EOY | 30385372 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 27163204 | BOY |
| EOY | 27485908 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 83034429 | BOY |
| EOY | 90140412 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 101597511 | BOY |
| EOY | 108610397 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 9142281 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -2036298 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 1 | AgentTrusteeEtc |
| Beginning Balance | 72683 | BeginningBalance |
| Additions During Year | 427780 | AdditionsDuringYear |
| Distributions During Year | 404905 | DistributionsDuringYear |
| Ending Balance | 95558 | EndingBalance |
| Included On FS | 0 | IncludedOnFS |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 55604445 | BeginningOfYearBalance |
| Contributions | 447618 | Contributions |
| Investment Earnings Or Losses | 8050656 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 1123071 | GrantsOrScholarships |
| Other Expenditures | 1366630 | OtherExpenditures |
| Administrative Expenses | 250 | AdministrativeExpenses |
| End Of Year Balance | 61612768 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 51020460 | BeginningOfYearBalance |
| Contributions | 2307494 | Contributions |
| Investment Earnings Or Losses | 4549816 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 1018222 | GrantsOrScholarships |
| Other Expenditures | 1253582 | OtherExpenditures |
| Administrative Expenses | 1520 | AdministrativeExpenses |
| End Of Year Balance | 55604446 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 44624971 | BeginningOfYearBalance |
| Contributions | 535142 | Contributions |
| Investment Earnings Or Losses | 7925351 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 940636 | GrantsOrScholarships |
| Other Expenditures | 1123964 | OtherExpenditures |
| Administrative Expenses | 404 | AdministrativeExpenses |
| End Of Year Balance | 51020460 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 45535622 | BeginningOfYearBalance |
| Contributions | 3001958 | Contributions |
| Investment Earnings Or Losses | -1973292 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 918433 | GrantsOrScholarships |
| Other Expenditures | 1011527 | OtherExpenditures |
| Administrative Expenses | 9357 | AdministrativeExpenses |
| End Of Year Balance | 44624971 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.17440 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.37950 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.44610 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 1 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2964494 | OtherCostOrOtherBasis |
| Book Value | 2964494 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 52135114 | OtherCostOrOtherBasis |
| Depreciation | 24491562 | Depreciation |
| Book Value | 27643552 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 11958129 | OtherCostOrOtherBasis |
| Depreciation | 10776316 | Depreciation |
| Book Value | 1181813 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 636680 | OtherCostOrOtherBasis |
| Depreciation | 355250 | Depreciation |
| Book Value | 281430 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 32071289 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (2 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| CASH EQUIVALENTS | 31936 | F |
| LIMITED PARTNERSHIPS | 44987759 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 45019695 | TotalOfBookValueSecurities |
Other Assets OtherAssets (5 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| CASH/EQUIVALENTS RESTRICTED TO INVESTMENT IN PROPERTY & EQUIPMENT | 706837 |
| OTHER ASSETS | 168976 |
| BENEFICIAL INTEREST IN CHARITABLE REMAINDER & PERPETUAL TRUSTS | 5133982 |
| CONSTRUCTION IN PROGRESS | 844812 |
| PROPERTY HELD FOR RESALE | 659954 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 7514561 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (5 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| ADVANCE TUITION & ROOM DEPOSITS | $2,005,964 |
| OBLIGATIONS UNDER CAPITAL LEASE | $164,393 |
| SWAP INSTRUMENT | $2,364,765 |
| OTHER | $157,916 |
| ANNUITY PAYABLE | $565,389 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 5258427 | TotalOfAmounts |
| Total Revenue | 47155374 | TotalRevenue |
| Total Expenses | 38013093 | TotalExpenses |
| Excess Or Deficit For Year | 9142281 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -2036298 | NetUnrealizedGLOnInvestments |
| Total Adjustments | -2036298 | TotalAdjustments |
| Excess Or Deficit Per FS | 7105983 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 37117108 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -2036298 | NetUnrealizedGainsInvestments |
| Other Revenues | -8410245 | OtherRevenues |
| Revenue Not Rptd F990 | -10446543 | RevenueNotRptdF990 |
| Revenue Subtotal | 47563651 | RevenueSubtotal |
| Other Revenues Not Included | -408277 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | -408277 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 47155374 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 30011125 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 30011125 | ExpensesSubtotal |
| Other Expenses Not Included | 8001968 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 8001968 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 38013093 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (6 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART IV, LINE 1B: | THE COLLEGE HOLDS FUNDS FOR A VARIETY OF ACADEMIC, INSTITUTIONAL, AND STUDENT GROUPS AND ACCOUNTS FOR ADDITIONS TO, AND DISTRIBUTIONS FROM, THESE FUNDS SEPARATELY. | |
| PART V, LINE 4: | THE COLLEGE'S ENDOWMENT INVESTMENT AND SPENDING POLICIES, APPROVED BY THE BOARD OF TRUSTEES, WORK TOGETHER IN AN ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF ITS ENDOWMENT ASSETS OVER THE LONG TERM THROUGH ADDITIONAL REAL GROWTH FROM INVESTMENT RETURNS. THE INVESTMENT POLICY ESTABLISHES AN ACHIEVABLE LONG-TERM RETURN OBJECTIVE OF AT LEAST 6% ABOVE INFLATION OVER A PERIOD OF TEN YEARS THROUGH DIVERSIFICATION OF ASSET CLASSES, RELYING ON A TOTAL RETURN STRATEGY IN WHICH INVESTMENT RETURNS ARE ACHIEVED THROUGH BOTH CAPITAL APPRECIATION (REALIZED AND UNREALIZED) AND CURRENT YIELD (INTEREST AND DIVIDENDS). THE SPENDING POLICY CALCULATES THE DISBURSEMENT FROM THE ENDOWMENT FUNDS BASED ON 5% OF THE AVERAGE FAIR VALUE OF THE PRIOR 12 QUARTERS, ALLOWING FOR THE PRESERVATION OF PRINCIPAL AS WELL AS CAPITAL APPRECIATION. | DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: |
| PART X: | FINANCIAL STATEMENT NOTE FOR LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER FIN 48 (ASC 740): THE COLLEGE'S POLICY IS TO EVALUATE ALL TAX POSITIONS AND TO CONSULT WITH EXPERTS TO IDENTIFY THOSE THAT MAY BE CONSIDERED UNCERTAIN. ALL IDENTIFIED MATERIAL TAX POSITIONS WILL BE ASSESSED AND MEASURED BY A REASONABLY POSSIBLE THRESHOLD TO DETERMINE IF THE BENEFIT OF AN UNCERTAIN TAX POSITION SHOULD BE RECOGNIZED IN THE FINANCIAL STATEMENTS. ANY CHANGES IN THE AMOUNT OF A TAX POSITION WILL BE RECOGNIZED IN THE PERIOD THE CHANGE OCCURS. THE COLLEGE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT ON INCOME DERIVED FROM UNRELATED BUSINESS INCOME ACTIVITIES. THE COLLEGE'S FEDERAL RETURNS OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) FOR 2011, 2010 AND 2009 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. THE COLLEGE'S FEDERAL EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURNS (FORM 990T) FOR 2011, 2010 AND 2009 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: |
| SCHOLARSHIPS & FELLOWSHIPS NETTED WITH TUITION ON FINANCIAL STATEMENTS -8,410,245. | PART XII, LINE 2D - OTHER ADJUSTMENTS: | |
| UNRELATED BUSINESS COST OF GOODS SOLD REPORTED SEPARATELY ON FORM 990-T -408,277. | PART XII, LINE 4B - OTHER ADJUSTMENTS: | |
| SCHOLARSHIPS & FELLOWSHIPS NETTED WITH TUITION ON FINANCIAL STATEMENTS 8,410,245. UNRELATED BUSINESS COST OF GOODS SOLD REPORTED SEPARATELY ON FORM 990-T -408,277. | PART XIII, LINE 4B - OTHER ADJUSTMENTS: |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION | SCHEDULE E, PART I, LINE 3 | NONDISCRIMINITORY POLICIES OF THE COLLEGE ARE MADE KNOWN TO ALL SCHOOLS AND AREAS VISITED BY THE ADMISSIONS PERSONNEL AS WELL AS IN ALL COLLEGE LITERATURE. |
| EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE | SCHEDULE E, PART I, LINE 6 | WARREN WILSON COLLEGE RECEIVES FEDERAL AND STATE FINANCIAL AID AND GRANTS. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII (3 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant | Amount Of Non Cash AssistanceAmountOfNonCashAssistance | Method Of ValuationMethodOfValuation |
|---|---|---|---|---|
| FEDERAL CAMPUS NEED-BASED FINANCIAL AID GRANTS (FEDERAL SEOG) AWARDED TO WARREN WILSON COLLEGE STUDENTS. | 85 | 95039 | 0 | FAFSA RESULTS |
| NORTH CAROLINA STATE CAMPUS NEED-BASED FINANCIAL AID GRANTS (NC CONTRACTUAL) AWARDED TO WARREN WILSON COLLEGE STUDENTS. | 70 | 170348 | 0 | FAFSA RESULTS |
| INSTITUTIONAL NEED-BASED FINANCIAL AID GRANTS AND MERIT SCHOLARSHIPS FOR WARREN WILSON COLLEGE STUDENTS FUNDED BY RESTRICTED DONATIONS, ENDOWMENT EARNINGS, AND OPERATING FUNDS. | 672 | 6902493 | 0 | FAFSA RESULTS AND ACADEMICS |
Form990 Schedule I Part IV Form990ScheduleIPartIV (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | PART I, LINE 2: | SCHEDULE I, PART I, LINE 2: THE OFFICE OF ADVANCEMENT WORKS WITH DONORS TO ESTABLISH GUIDELINES FOR THE USE AND DISBURSEMENT OF ANY DONATED FUNDS ACCORDING TO THE DONOR'S WISHES AND WITHIN PRACTICAL AND LEGAL PROCESSES. THE DONOR'S RESTRICTIONS ("WISHES") ARE PUT IN WRITING WITH COPIES MAINTAINED IN THE ADVANCEMENT OFFICE, THE CONTROLLER'S OFFICE, AND THE FINANCIAL AID OFFICE, IF APPLICABLE. IF THE DONATION IS FOR GRANTS OR SCHOLARSHIPS TO BE DISTRIBUTED BY THE FINANCIAL AID OFFICE, THE ASSISTANT DIRECTOR OF FINANCIAL AID MAINTAINS A SPREADSHEET OF GRANT TITLES AND RESTRICTIONS WHICH ARE UPDATED AS NEEDED AS WELL AS A PERMANENT PAPER FILE. THE GRANTS OR SCHOLARSHIPS ARE "MATCHED" WITH AN ELIGIBLE RECIPIENT BY THE ASSISTANT DIRECTOR. THE ADVANCEMENT OFFICE WILL RECEIVE A LIST OF THESE RECIPIENTS IN THE FALL AND AN UPDATED LIST IN THE EARLY SPRING. THE ADVANCEMENT OFFICE REVIEWS THE LIST AND PREPARES LUNCHEON INVITATIONS FOR MOST OF THE RECIPIENTS AND DONORS. THE FINAL STEP IN THE PROCESS IS A RANDOM AUDIT CONDUCTED ONCE A YEAR BY AN OUTSIDE AUDIT FIRM. |
| SCHEDULE I, PART III(A) - | GRANTS AND OTHER ASSISTANCE TO INDIVIDUALS IN THE UNITED STATES: | NEED-BASED GRANTS WERE AWARDED TO WARREN WILSON COLLEGE STUDENTS BASED ON FAFSA (FREE APPLICATION FOR STUDENT AID) RESULTS. FAFSA RESULTS ARE NOT REQUIRED TO BE CONSIDERED FOR MERIT SCHOLARSHIPS, BUT MANY OF THESE DOLLARS WERE USED TO MEET THE FEDERAL DEFINITION OF "NEED". |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Discretionary Spending Account | X | DiscretionarySpendingAccount |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Personal Services | X | PersonalServices |
| Written Policy Re T And E Expenses | 0 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 1 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | DR WILLIAM S PFEIFFER EX-OFFICIO | NamePerson |
| Base Compensation Filing Org | 207781 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 7964 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 20400 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 23131 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 259276 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Form990 Schedule J Part III Form990ScheduleJPartIII (3 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| PART I, LINE 1A | DISCRETIONARY SPENDING ACCOUNT: THE COLLEGE DOES NOT BUDGET DISCRETIONARY ACCOUNTS. HOWEVER, SOME OFFICERS HAVE DISCRETIONARY FUNDS THAT DONORS HAVE RESTRICTED FOR THAT PURPOSE. HOUSING ALLOWANCE/PERSONAL RESIDENCE: AS CONDITIONS OF EMPLOYMENT, THE PRESIDENT AND DEAN OF STUDENTS ARE REQUIRED TO LIVE ON CAMPUS IN COLLEGE-OWNED RESIDENCES. PERSONAL SERVICES: THE PRESIDENT IS REIMBURSED FOR THE CLEANING OF HIS HOME AND FOR OTHER EXPENSES RELATED TO OFFICIAL COLLEGE FUNCTIONS THAT TAKE PLACE THERE. IN ADDITION, THE COLLEGE STAFF PROVIDES LANDSCAPING, MAINTENANCE AND OTHER RELATED SERVICES FOR THE PRESIDENT'S HOME. |
| PART I, LINE 1B | ALTHOUGH THE COLLEGE DOES NOT HAVE A WRITTEN POLICY REGARDING PAYMENT OR REIMBURSEMENT OF THE EXPENSES REFERRED TO IN SCHEDULE J, PART I, LINE 1A, IT IS UNDERSTOOD BY EMPLOYEES THAT THE COLLEGE UTILIZES BEST PRACTICES. THE COLLEGE HAS POLICIES IN PLACE IN REGARD TO REIMBURSEMENT OF EXPENSES FOR TRAVEL, ENTERTAINMENT, AND SIMILAR EXPENSES. ALL OFFICERS, TRUSTEES, AND THE COLLEGE PRESIDENT FOLLOW ACCOUNTABLE REIMBURSEMENT PLANS. |
| PART I, LINE 4A | DEBORAH MYERS, FORMER DEAN OF STUDENT LIFE, WAS DISMISSED IN FEBRUARY, 2012 AND RECEIVED SEVERANCE PAYMENTS AMOUNTING TO $33,366. |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| CUSIP Number | 65818PEH8 | CUSIPNumber |
| Date Issued | 2006-02-16 | DateIssued |
| Issue Price | 15000000 | IssuePrice |
| Description Of Purpose | SEE SCHEDULE K, PART V SUPPLEMENTAL INFORMATION | DescriptionOfPurpose |
| Defeased | 0 | Defeased |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Pool Financing | 0 | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amount Retired | 3495000 | AmountRetired |
| Total Proceeds | 15000000 | TotalProceeds |
| Issuance Costs From Proceeds | 184986 | IssuanceCostsFromProceeds |
| Capital Expenditures | 4961651 | CapitalExpenditures |
| Other Spent Proceeds | 9853363 | OtherSpentProceeds |
| Year Of Subst Completion | 2007 | YearOfSubstCompletion |
| Current Refunding | 1 | CurrentRefunding |
| Advance Refunding | 0 | AdvanceRefunding |
| Final Allocation Made | 1 | FinalAllocationMade |
| Adequate Books And Recds Maintaind | 1 | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Owning Bond Financed Property | 0 | OwningBondFinancedProperty |
| Any Lease Arrangements | 0 | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | 0 | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | 0 | AnyResearchAgreements |
| Post Issuance Compliance Procdrs | 1 | PostIssuanceComplianceProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8038 T Filed | 0 | Form8038TFiled |
| Variable Rate Issue | 1 | VariableRateIssue |
| Hedge Identified In Books And Recds | 1 | HedgeIdentifiedInBooksAndRecds |
Name Of Hedge Provider NameOfHedgeProvider
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BANK OF AMERICA | BusinessNameLine1 |
| Business Name Line2 | MERRILL LYNCH | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Term Of Hedge | 20.250000000000 | TermOfHedge |
| Superintegrated Hedge | 0 | SuperintegratedHedge |
| Hedge Terminated | 0 | HedgeTerminated |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | 0 | GrossProceedsInvested |
| Exception To Rebate | 0 | ExceptionToRebate |
Form990 Schedule K Part VI Form990ScheduleKPartVI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SCHEDULE K SUPPLENTAL INFORMATION | Identifier |
| Explanation | THE $15,000,000 PROCEEDS OF THE BONDS ISSUED ON FEBRUARY 16, 2006 WERE USED AS FOLLOWS: $8,935,000 TO PAY OFF THE PRINCIPAL OF SERIES 1998 BONDS, $918,363 TO PAY OFF THE PRINCIPAL OF A 2002 NOTE, $184,986 FOR BOND ISSUANCE COSTS, AND $4,961,651 FOR THE PROJECT OF CONSTRUCTION, RENOVATION, AND EQUIPPING CERTAIN BUILDINGS ON THE COLLEGE CAMPUS. THE PROJECT WAS SUBSTANTIALLY COMPLETED AND ALL BOND PROCEEDS WERE EXPENDED BY THE END OF FISCAL YEAR 2007. THE BONDS MATURE ON JUNE 1, 2031, AND THE REMAINING BOND PRINCIPAL BALANCE AT JUNE 30, 2012 WAS $11,505,000. | Explanation |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV (2 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| EVELYN PFEIFFER | |||
| WIFE OF PRESIDENT | 20000 | WITH THE APPROVAL OF THE COLLEGE BOARD OF TRUSTEES, THE PRESIDENT'S WIFE RECEIVES $20,000 IN TAXABLE INCOME ANNUALLY FROM THE COLLEGE FOR THE PERFORMANCE OF CERTAIN OFFICIAL DUTIES AS THE SPOUSE OF THE PRESIDENT. | 0 |
| DONNA READ | |||
| DOMESTIC PARTNER OF DEAN OF THE COLLEGE | 25700 | EMPLOYED BY THE COLLEGE AS AN INSTRUCTOR IN OUTDOOR LEADERSHIP AND PHYSICAL EDUCATION. | 0 |
Schedule M IRS990ScheduleM
Cars And Other Vehicles CarsAndOtherVehicles
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 2 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 0 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | NO VALUES ASSIGNED | MethodOfDeterminingRevenues |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 3 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 41160 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenues |
Real Estate Other RealEstateOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 775740 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | COST | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (9 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | UPON RECEIVING THE DRAFT COPY OF THE FORM 990, CERTAIN QUESTIONS THAT ARISE ARE DISTRIBUTED TO THE APPROPRIATE STAFF. KEY PERSONNEL AND TRUSTEES REVIEW THE FORM 990 BEFORE IT IS SIGNED, INCLUDING THE VICE PRESIDENT FOR ADMINISTRATION AND FINANCE/CHIEF FINANCIAL OFFICER AND THE CONTROLLER, AND THE CHAIR OF THE STANDING AUDIT COMMITTEE AND THE CHAIR OF THE BOARD. THE FULL BOARD IS PROVIDED THE OPPORTUNITY TO REVIEW THE COPY OF THE 990 WITHOUT SCHEDULE B ON ITS PASSWORD-PROTECTED WEBSITE, WITH A NOTICE THAT THE FULL SCHEDULE B IS AVAILABLE FOR REVIEW IN THE CONTROLLER'S OFFICE. | |
| FORM 990, PART VI, SECTION B, LINE 12C | THE COLLEGE HAS A WRITTEN CONFLICT OF INTEREST POLICY, LAST AMENDED ON OCTOBER 2, 2007, WHICH SPECIFIES IN DETAIL THOSE CIRCUMSTANCES GIVING RISE TO A POTENTIAL CONFLICT OF INTEREST ON THE PART OF THE COLLEGE TRUSTEES. PURSUANT TO THIS POLICY, TRUSTEES MUST FILE AN ANNUAL REPORT SPECIFYING ANY RELATIONSHIPS OR ACTIVITIES WHICH MIGHT POSSIBLY CONSTITUTE A CONFLICT. THESE REPORTS ARE REVIEWED BY THE CHAIR OF THE AUDIT COMMITTEE OF THE BOARD AS WELL AS THE CHAIR OF THE BOARD OF TRUSTEES AND ANY ISSUES RAISED BY A SPECIFIC REPORT ARE RESOLVED ACCORDING TO THE PROCEDURES OUTLINED IN THE CONFLICT OF INTEREST POLICY. A SIMILAR POLICY FOR EMPLOYEES OF THE COLLEGE WAS APPROVED AT A STAFF FORUM ON MARCH 23, 2011, AND DEFINES CONFLICT OF INTEREST AND RELATED TERMS AND OUTLINES A PROCEDURE FOR DISCLOSURE, REPORTING AND COMPLIANCE WITH THE POLICY. | |
| FORM 990, PART VI, SECTION B, LINE 15 | THE BOARD OF TRUSTEES, ACTING EITHER AS A BOARD OR THROUGH ITS EXECUTIVE COMMITTEE, IS RESPONSIBLE FOR AN ANNUAL REVIEW OF THE PRESIDENT'S PERFORMANCE AND APPROVES ANY ADJUSTMENTS TO HIS ANNUAL SALARY AS PART OF THAT REVIEW. THE PROCESS FOR THIS REVIEW AND APPROVAL HAS IN THE PAST CONSISTED OF (1) A REVIEW OF THE PRESIDENT'S ACTIVITIES AND ACHIEVEMENTS EACH YEAR BY THE CHAIR OF THE BOARD; (2) A REPORT BY THE CHAIR OF THE RESULTS OF THAT REVIEW TO THE FULL BOARD OR THE EXECUTIVE COMMITTEE OF THE BOARD, DEPENDING UPON WHETHER THE REVIEW IS A ONE-YEAR REVIEW OR A THREE-YEAR REVIEW; (3) THE PRESENTATION BY THE CHAIR OF A RECOMMENDATION TO THE BOARD OR EXECUTIVE COMMITTEE OF A SALARY ADJUSTMENT, IF APPROPRIATE; AND (4) THE APPROVAL OR DISAPPROVAL, AS THE CASE MAY BE, BY THE BOARD OR EXECUTIVE COMMITTEE OF SUCH RECOMMENDED SALARY ADJUSTMENT. IN FORMULATING THE RECOMMENDATION FOR A SALARY ADJUSTMENT, IT HAS BEEN THE PRACTICE OF THE CHAIR TO REVIEW COMPARABLE SALARY DATA FOR OTHER PRIVATE COLLEGES AND UNIVERSITIES IN NORTH CAROLINA TO DETERMINE SALARY TRENDS AND ACTUAL SALARIES PAID TO PRESIDENTS OF SIMILARLY SITUATED INSTITUTIONS. THESE DATA ARE SHARED WITH THE BOARD AT THE TIME THE RECOMMENDATION IS SUBMITTED TO THE BOARD OR EXECUTIVE COMMITTEE. THE BOARD DOES NOT DIRECTLY APPROVE SALARY ADJUSTMENTS FOR THE OFFICERS AND KEY PERSONNEL OF THE COLLEGE. IT DOES, HOWEVER, IN APPROVING THE BUDGET FOR THE COLLEGE DURING ANY PARTICULAR FISCAL YEAR, EXERCISE CONTROL OVER THE AMOUNT OF AGGREGATE SALARY ADJUSTMENTS BY FIXING A PERCENTAGE INCREASE IN THE BUDGET FOR SUCH INCREASES. WITHIN THIS AGGREGATE PERCENTAGE, THE PRESIDENT IS AUTHORIZED TO ADJUST INDIVIDUAL SALARIES. SOME SUCH ADJUSTMENTS WILL EXCEED THE AGGREGATE PERCENTAGE INCREASE AND SOME WILL FALL BELOW THE AVERAGE, DEPENDING ON INDIVIDUAL PERFORMANCE REVIEWS. IN ADDITION, THE PRESIDENT OF THE COLLEGE, IN REVIEWING INDIVIDUAL SALARIES, ALSO RELIES ON DATA RELATING TO COMPARABLE POSITIONS AT PEER GROUP SCHOOLS AS WELL AS OTHER STATISTICAL DATA. | |
| FORM 990, PART VI, SECTION C, LINE 18 | THE COLLEGE MAKES ITS FORM 1023 AND FORMS 990 AND 990-T AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE COLLEGE'S CURRENT POLICY IS TO MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC ON A CASE-BY-CASE, NEED-TO-KNOW BASIS, RESERVING THE RIGHT TO WITHHOLD THIS INFORMATION IN SITUATIONS DEEMED POTENTIALLY HARMFUL TO THE COLLEGE. HOWEVER, CONSIDERATION WILL BE GIVEN TO POSTING THESE MATERIALS ON THE COLLEGE'S WEBSITE, WHICH IS AVAILABLE TO THE GENERAL PUBLIC, AFTER MANAGEMENT AND LEGAL COUNSEL HAVE BEEN CONSULTED AS TO THE FEASIBILITY OF THIS. THE COLLEGE MAKES ITS FINANCIAL STATEMENTS AVAILABLE ON VARIOUS WEBSITES, AND AS REQUESTED BY DONORS, FOUNDATIONS, AND AGENCIES. | |
| FORM 990, PART VI, SECTION A, LINE 1A: | PER ARTICLE IV, SECTION 4.5 OF THE COLLEGE BYLAWS, BOARD TRUSTEES EMERITI DO NOT HAVE THE RIGHT TO VOTE. IN ADDITION, EX-OFFICIO BOARD TRUSTEES MAY VOTE ON ALL MATTERS EXCEPT FOR THE FOLLOWING: (A) AMENDING OR RESTATING THE COLLEGE'S ARTICLES OF INCORPORATION; (B) AMENDING OR RESTATING THE COLLEGE'S BYLAWS; (C) SELECTING OR REMOVING THE COLLEGE'S PRESIDENT; (D) INCREASING OR DECREASING THE NUMBER OF TRUSTEES ON THE BOARD; (E) DISSOLVING THE COLLEGE'S CORPORATE EXISTENCE, MERGING THE COLLEGE WITH ANY OTHER ENTITY, OR SELLING, PLEDGING OR TRANSFERRING ALL OR SUBSTANTIALLY ALL OF THE COLLEGE'S ASSETS. | GOVERNING BODY VOTING RIGHTS |
| FORM 990, PART VI, SECTION A, LINE 1A: | ARTICLE VII, SECTION 7.4 OF THE COLLEGE BYLAWS DELEGATES BROAD AUTHORITY TO THE EXECUTIVE COMMITTEE TO ACT ON BEHALF OF THE BOARD OF TRUSTEES DURING THE INTERVALS BETWEEN MEETINGS OF THE FULL BOARD, EXCEPT THAT THE EXECUTIVE COMMITTEE MAY NOT (A) RECOMMEND OR APPROVE DISSOLUTION, MERGER OR THE SALE, PLEDGE, OR TRANSFER OF ALL OR SUBSTANTIALLY ALL OF THE COLLEGE'S ASSETS, (B) ELECT, APPOINT, OR REMOVE TRUSTEES OR FILL BOARD VACANCIES OR ON ANY OF ITS COMMITTEES, (C) ADOPT, AMEND, OR REPEAL THE ARTICLES OF INCORPORATION OR BYLAWS, OR (D) TERMINATE THE EMPLOYMENT OF THE PRESIDENT OF THE COLLEGE. THE EXECUTIVE COMMITTEE CONSISTS OF THE CHAIR, VICE CHAIR, IMMEDIATE PAST CHAIR, THE PRESIDENT, SECRETARY, AND TREASURER OF THE BOARD, AND THE CHAIRS OF THE STANDING COMMITTEES OF THE BOARD, INCLUDING THE AUDIT AND TRUSTEESHIP COMMITTEES. IN ADDITION, UNDER BYLAWS ARTICLE III SECTION 3.12, THE BOARD MAY BY RESOLUTION DELEGATE TO COMMITTEES, OR TO OFFICERS OR EMPLOYEES OF THE COLLEGE, SUCH DUTIES AS IT MAY SEE FIT, EXCEPT AS LIMITED BY STATUTE OR THE BYLAWS. | GOVERNING BODY DELEGATION OF AUTHORITY ON ITS BEHALF |
| FORM 990, PART XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -2,036,298. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| FORM 990, PART XI, LINE 2C: | THE STANDING AUDIT COMMITTEE OF THE BOARD OF TRUSTEES CONSISTS OF THREE OR MORE TRUSTEES ELECTED BY THE BOARD, AND CANNOT INCLUDE THE BOARD CHAIR, VICE CHAIR, PRESIDENT, TREASURER, OR CHAIR OF THE BUSINESS AND FINANCE COMMITTEE. THE AUDIT COMMITTEE RECOMMENDS TO THE BOARD THE DESIGNATION OF AN INDEPENDENT AUDITOR EACH YEAR AND CAUSES AN AUDITED STATEMENT OF THE FINANCIAL CONDITION OF THE COLLEGE AS OF THE CLOSE OF THE FISCAL YEAR AND OF THE RECEIPTS AND EXPENDITURES OF EACH YEAR TO BE PREPARED AND SUBMITTED TO THE BOARD OF TRUSTEES AT LEAST ONCE A YEAR. THE INDEPENDENT AUDITOR HAS ACCESS TO THE AUDIT COMMITTEE AT ANY TIME. | AUDIT COMMITTEE AND SELECTION OF INDEPENDENT AUDITOR |
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