2011-05-02T13:41:16-05:00 2010-06-30 BROWN EDWARDS & COMPANY LLP 319 MCCLANAHAN ST ROANOKE VA 24014 990 2009-07-01 550357021 DAVIS & ELKINS COLLEGE DAVI 3046371900 100 CAMPUS DRIVE ELKINS WV 26241 GT BUCK SMITH 3046371900 2011-04-26 1 Gary R Duerk 5403450936 2009 2016-02-24 21:20:13Z GT BUCK SMITH 100 CAMPUS DRIVE ELKINS WV 26241 32516387 0 X www.deWV.edu X 1904 WV TO PREPARE AND INSPIRE STUDENTS FOR SUCCESS AND FOR THOUGHTFUL ENGAGEMENT IN THE WORLD. 38 37 764 65 61541 -24443 5581668 14905730 14163320 16813215 -281061 559008 78735 66338 19542662 32344291 3445257 5553250 0 7670086 9707986 0 703032 6646261 6126485 17761604 21387721 1781058 10956570 48897556 59938809 19115184 18349731 29782372 41589078 TO PREPARE AND INSPIRE STUDENTS FOR SUCCESS AND FOR THOUGHTFUL ENGAGEMENT IN THE WORLD. 0 0 18010016 5553250 12390260 EDUCATION - PROVIDE HIGHER EDUCATION TO STUDENTS. 18010016 1 1 0 0 0 0 1 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 177 0 1 764 0 1 1 0 0 0 0 0 0 0 0 38 37 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X G T (BUCK) SMITH PRESIDENT 3046371900 100 CAMPUS DRIVE ELKINS WV 262413996 MS KAREN H BERNER X 0 0 0 REGINALD OWENS SR X 0 0 0 DR PHILLIP BUSSEY X 0 0 0 MR WENDELL M CRAMER X 0 0 0 MR CHARLES E HILL X 0 0 0 MRS CARTER GILTINAN X 0 0 0 MR JEROME A HALPERIN X 0 0 0 MR JAMES W SPEARS X 0 0 0 RICHARD M HUGHES III X 0 0 0 MS MELISSA H LUCE X 0 0 0 MR RUDY G LUZZATTO X 0 0 0 MS DEBORAH J MADDEN X 0 0 0 MR CLIFF J NEESE JR X 0 0 0 THOMAS J MARTIN DDS X 0 0 0 MR JAMES S MCDONNELL X 0 0 0 MR HENRY M MOORE X 0 0 0 DONALD M ROBBINS X 0 0 0 MR GARY W NORTH X 0 0 0 SHERMAN S ROBINSON MD X 0 0 0 MR THOMAS R ROSS II X 0 0 0 MR HENRY W STEINBRECHE X 0 0 0 MR PAUL S STIRRUP X 0 0 0 MR L NEWTON THOMAS JR X 0 0 0 MR LEONARD J TIMMS JR X 0 0 0 MR JOSEPH M WELLS III X 0 0 0 MS JOYCE B ALLEN X 0 0 0 MR JAMES BIALEK X 0 0 0 ERIC J NILSEN X 0 0 0 KIMBERLY M FARRY MD X 0 0 0 MR WILLIAM S ROBBINS X 0 0 0 MR PETER H DOUGHERTY X 0 0 0 MS NANCY EVANS-BENNETT X 0 0 0 THE HONORABLE DAVID A R X 0 0 0 RONALD A ROLLINS MD X 0 0 0 WILLIAM S MOYER X 0 0 0 JOHN H HARLING X 0 0 0 DAVID A FARIS MD X 0 0 0 WILLIAM H SUDBRINK X 0 0 0 MR BRIAN D BALL X 0 0 0 D DRAKE DOWLER X 0 0 0 G T BUCK SMITH 37.50 X 2917 0 8279 VICTOR L THACKER 37.50 X 50000 0 2905 SCOTT D GODDARD 37.50 X 52691 0 16381 GRETA J TROASTLE 37.50 X 49100 0 6172 PATRICIA J SCHUMANN 37.50 X 79592 0 19557 KEVIN WILSON 37.50 X 96558 0 16494 MATTHEW TARBETT 35.70 X 72369 0 15159 403227 0 84947 0 0 0 0 INDEPENDENT COLLEGE ENTERPRISE 2300 MACCORKLE AVENUE SE CHARLESTON WV 25304 IT SUPPORT 128029 1 1474556 13431174 422718 14905730 TUITION AND FEES 611600 12390260 12390260 AUXILIARY ENTERPRISE R 611710 4422955 51120 4371835 16813215 380762 380762 10421 10421 344192 6150 172096 172096 6150 178246 178246 OTHER INCOME 900099 55917 55917 55917 32344291 12390260 61541 4986760 5553250 5553250 488173 222992 160434 104747 6446281 5257190 897415 291676 2303672 1820553 405558 77561 469860 371322 71822 26716 6647 5253 253 1141 75719 59839 15880 1374678 1066110 254302 54266 661254 522578 121474 17202 406068 320909 67115 18044 311713 246342 60621 4750 1305981 1032095 242970 30916 CONTRACT SERVICES 1099011 868530 225550 4931 MISCELLANEOUS 628912 497019 111682 20211 PRINTING & PUBLICATIONS 162915 92074 23019 47822 EQUIPMENT RENTAL AND MA 93587 73960 16578 3049 21387721 18010016 2674673 703032 1299537 557146 3439602 14272355 1169455 1509891 800903 794331 48927 87250 51744382 29327817 22842269 22416565 5476685 8861591 2832325 518457 10987853 10921223 48897556 59938809 1327143 1622474 556082 671263 3850000 3560000 2919769 2203650 100000 10462190 10192344 19115184 18349731 X 7706890 8863805 6313299 11790783 15762183 20934490 29782372 41589078 48897556 59938809 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 346131 X X 0 19208507 5156195 1173173 105698 346758 83023 25002396 21853953 181346 -2034608 147008 580674 64502 19208507 0.27690 0.88190 0.14280 1 0 1194119 1194119 41780873 22090814 19690059 7172306 6620424 551882 1597084 616579 980505 22416565 RESTRICTED DEPOSITS HELD BY TRUSTEE 232512 DEFERRED BOND COSTS, NET OF ACCUMULATED AMORTIZATION 94812 FUNDS HELD IN TRUST BY OTHERS 1490275 DUE FROM OPERATING FUNDS 9090834 RESTRICTED CASH HELD FOR INVESTMENT IN BUILDINGS AND EQUIPMENT 12790 10921223 OBLIGATIONS UNDER SPLIT INTEREST AGREEMENTS 129300 RESTRICTED DEPOSITS HELD BY TRUSTEE 972210 DUE TO ENDOWMENT 9090834 10192344 32344291 21387721 10956570 556047 294089 850136 11806706 27641177 556047 294089 850136 26791041 5553250 5553250 32344291 15834471 0 15834471 5553250 5553250 21387721 Part III, Line 4: THE COLLEGE HAS RECEIVED A NUMBER OF WORKS OF ART, HISTORICAL TREASURES AND SIMILAR ITEMS AS GIFTS FROM DONORS. THESE ITEMS ARE HELD BY THE COLLEGE AS A COMPONENT OF ITS LAND, BUILDINGS AND EQUIPMENT AND USED FOR PUBLIC EXHIBITION AND PRESERVATION FOR FUTURE GENERATIONS. AMONG THE COLLEGE'S WORKS OF ART, HISTORICAL TREASURES AND SIMILAR ASSETS ARE COLLECTIONS CONSISTING OF THE FOLLOWING ITEMS: EARLY AMERICAN AND CIVIL WAR ERA PERSONAL MILITARY ANTIQUES SUCH AS POWDER HORNS, RIFLES PISTOLS, SABORS, UNIFORM ITEMS, ETC. NATIVE AMERICAN RELICS, ARTIFACTS AND WEAPONRY EARLY AMERICAN AND NATIVE AMERICAN PEWTER LINCOLN BOOKS AND MEMORABILIA WEST VIRGINIA STATE BOOKS AND MEMORABILIA PAINTINGS BY VARIOUS ARTISTS THESE WORKS OF ART, HISTORICAL TREASURES AND SIMILAR ITEMS SERVE TO ENHANCE THE COLLEGE'S LIBERAL ARTS EMPHASIS. Part V, Line 4: Description of Intended Use of Endowment Funds: TO GENERATE INCOME THROUGH INVESTMENT OF CORPUS THAT PROVIDES FOR FINANCIAL AID REWARDS TO STUDENTS BASED ON DONOR STIPULATIONS AND ASSISTANCE FOR OTHER PROGRAMS AND FACILITY OPERATION AS DETERMINED BY THE COLLEGE'S ADMINISTRATION IN ADHERENCE TO RESTRICTIONS, IF ANY, PLACED BY THE DONOR. Part XI, Line 8 - Other Adjustments: CHANGE IN VALUE SPLIT INTEREST: 294089. Part XII, Line 2d - Other Adjustments: CHANGE IN VALUE SPLIT INTEREST: 294089. Part XII, Line 4b - Other Adjustments: SCHOLARSHIPS AND GRANTS: 5553250. Part XIII, Line 4b - Other Adjustments: SCHOLARSHIPS & GRANTS: 5553250. 1 1 1 DAVIS AND ELKINS COLLEGE IS COMMITTED TO ASSURING EQUAL OPPORTUNITY TO ALL PERSONS AND (AS REQUIRED BY TITLE IX OF THE EDUCATION AMENDMENT OF 1972, SECTION 504 OF THE ACT OF 1973 AND OTHER APPLICABLE STATUTES) DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, SEX, RELIGION, ANCESTRY, NATIONAL ORIGIN, AGE, SEXUAL ORIENTATION, OR HANDICAP IN ITS EDUCATIONAL PROGRAMS, ACTIVITIES, ADMISSIONS OR EMPLOYMENT PRACTICES. INQUIRIES CONCERNING TITLE IX AND/OR 504 COMPLIANCE SHOULD BE REFERRED TO THE COLLEGE TITLE IX COORDINATOR, DAVIS AND ELKINS COLLEGE, 100 CAMPUS DRIVE, ELKINS, WV 26241-3996, OR SECTION 504 COORDINATOR, DAVIS AND ELKINS COLLEGE, 100 CAMPUS DRIVE, ELKINS, WV 26241-3996. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 THE COLLEGE RECEIVES FEDERAL FINANCIAL AID IN THE FORM OF FEDERAL FAMILY EDUCATION LOANS, FEDERAL PERKINS LOANS, FEDERAL PELL GRANTS, FEDERAL SUPPLEMENTAL EDUCATION OPPORTUNITY GRANTS, FEDERAL WORK-STUDY, AND UPWARD BOUND GRANTS, MOST OF WHICH IS PASSED THROUGH TO STUDENTS.STUDENT FEDERAL AID GRANTS:FEDERAL WORK-STUDY PROGRAM $180,958; FSEOG $138,077; ACA PELL, FPERK, FSEOG, FWS $26,938DIRECT FEDERAL PROGRAM GRANTS:TRIO - UPWARD BOUND - US DEPARTMENT OF EDUCATION $623,875; TRIO - VETERANS UPWARD BOUND-U.S. DEPT OF EDUCATION $306,974; TRIO - INDRECT COSTS $50,402; NEA HERITAGE PRESERVATION-FOLK & TRADITIONAL ARTS PROG $28,530FEDERAL PASS-THROUGH GRANTS:DHHS-TANF ARRA EMERGENCY CONTINGENCY FD $23,722; DHHS-CDC EMERGENCY PREPAREDNESS & RESPONSE-WV H1N1 $13,130; WV DEPT OF EDUCATION (USDA) SUMMER FOOD SERVICE $12,701; WV DIVISION OF CULTURE & HISTORY (NEA) $41,481; OTHERS $3,670OTHER STATE FUNDED GRANTS $21,250; STATE MATCHING $2,848TOTAL GRANT MONIES $1,474,556 1 1 SCHOLARSHIPS AND DISCOUNTS 667 705882 4697235 aid AID SEOG 171 150133 X 3502 X 5 359920 AVE HIGH/LOW AT TRANSFER X 1 15000 donor value X ARCHITECT DRAWINGS 1 158 DONOR VALUE X EQUIPMENT 1 25297 DONOR VALUE X OFFICE SUPPLIES 8 4107 DONOR VALUE X HOSPITALITY 19 5276 DONOR VALUE X MOVING EXPENSES PAID 1 2550 DONOR VALUE 0 0 0 Form 990, Part VI, Section B, line 11 THE 990 FORM IS REVIEWED BY THE FINANCIAL OVERSITE COMMITTEE BEFORE FILING WITH THE IRS. Form 990, Part VI, Section B, line 12c All members of the Board are expected to avoid conflicts of interest rising from their personal and business affiliations in their responsibility to the Davis & Elkins College Board. Individuals will not be considered for Board membership if there is an obvious conflict; however, if issues arise during the service of a Board member, the member shall recuse him or herself from any vote that would represent a conflict of interest. At the Annual Meeting all Board members are requested to complete a Conflict of Interest form. This same form is furnished to all Faculty and senior Administrative personnel. Upon receipt of executed forms the Audit Committee reviews the completed forms and reports the results of this review to the entire Board at the Regular Meeting of the Board in October. Possible reported conflicts are explored on an individual basis. Form 990, Part VI, Section B, line 15a President's compensation -He or she shall be elected by the Board, with compensation fixed by the Board, and shall hold office at its will. The annual budget process, which is approved by the Board at its Annual Meeting, the June meeting, would establish the compensation of the President for the future fiscal year. Form 990, Part VI, Section C, line 18 FORMS ARE AVAILABLE UPON REQUEST, NO FEE IS CHARGED. Form 990, Part VI, Section C, line 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 2C: THE AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT, THIS PROCESS DID NOT CHANGE FROM THE PRIOR YEAR.