LENOIR-RHYNE UNIVERSITY: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- LENOIR-RHYNE UNIVERSITY (EIN 56-0556753)
- Tax period
- 2010-06-01 to 2011-05-31
- Filed
- 2011-12-13
- IRS object ID
- 201113479349300431
- Schema version
- 2010v3.4
- 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 G
- Schedule I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-12-13T14:12:47-06:00 | Timestamp |
| Tax Period End Date | 2011-05-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RSM MCGLADREY LLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 230 N ELM ST STE 1100 | AddressLine1 |
| City | GREENSBORO | City |
| State | NC | State |
| ZIP Code | 27401 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-06-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 560556753 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LENOIR-RHYNE UNIVERSITY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | LENO | NameControl |
| Phone | 8283287100 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 7164 | AddressLine1 |
| City | HICKORY | City |
| State | NC | State |
| ZIP Code | 28603 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | WAYNE B POWELL | Name |
| Title | PRESIDENT | Title |
| Phone | 8283287100 | Phone |
| Date Signed | 2011-12-05 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | ADRIENNE MCKINNEY | Name |
| Phone | 3362724551 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | WAYNE B POWELL | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 7164 | AddressLine1 |
| City | HICKORY | City |
| State | NC | State |
| ZIP Code | 28603 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 64484857 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.LRC.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1905 | YearFormation |
| State Legal Domicile | NC | StateLegalDomicile |
| Activity Or Mission Description | SEE SCHEDULE O.LENOIR-RHYNE UNIVERSITY PROVIDES PROGRAMS OF UNDERGRADUATE, GRADUATE, AND CONTINUING STUDY COMMITTED TO THE LIBERAL ARTS AND SCIENCES. THE UNIVERSITY AWARDS BACHELORS AND MASTER DEGREES. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 31 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 30 | NbrIndependentVotingMembers |
| Total Nbr Employees | 1019 | TotalNbrEmployees |
| Total Nbr Volunteers | 150 | TotalNbrVolunteers |
| Total Gross UBI | 15225 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 18174156 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 9631647 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 41190271 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 46667032 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 2067492 | InvestmentIncomePriorYear |
| Investment Income Current Year | 918904 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 450182 | OtherRevenuePriorYear |
| Other Revenue Current Year | 395107 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 61882101 | TotalRevenuePriorYear |
| Total Revenue Current Year | 57612690 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 17823074 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 20097797 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 15684521 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 17222412 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 69984 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 79876 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 1585938 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 13735282 | OtherExpensePriorYear |
| Other Expenses Current Year | 15861746 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 47312861 | TotalExpensesPriorYear |
| Total Expenses Current Year | 53261831 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 14569240 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 4350859 | RevenuesLessExpensesCY |
| Total Assets BOY | 114926026 | TotalAssetsBOY |
| Total Assets EOY | 127666713 | TotalAssetsEOY |
| Total Liabilities BOY | 25124397 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 24655076 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 89801629 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 103011637 | NetAssetsOrFundBalancesEOY |
| Mission Description | LENOIR-RHYNE UNIVERSITY PROVIDES PROGRAMS OF UNDERGRADUATE, GRADUATE, AND CONTINUING STUDY COMMITTED TO THE LIBERAL ARTS AND SCIENCES. THE UNIVERSITY AWARDS BACHELORS AND MASTER DEGREES. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 32352814 | Expense |
| Grants | 20097797 | Grants |
| Revenue | 36712459 | Revenue |
| Description | PROVIDE EDUCATIONAL PROGRAMS AND CONFER UNDERGRADUATE DEGREES IN APPROXIMATELY SIXTY ACADEMIC PROGRAMS OF STUDY. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 752903 | Expense |
| Grants | 0 | Grants |
| Revenue | 2356537 | Revenue |
| Description | PROVIDE EDUCATIONAL PROGRAMS AND CONFER MASTERS LEVEL GRADUATE DEGREES IN COUNSELING, ATHLETIC TRAINING, BUSINESS, AND OCCUPATIONAL THERAPY. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 4191500 | Expense |
| Grants | 0 | Grants |
| Revenue | 7598036 | Revenue |
| Description | PROVIDE STUDENT LIFE PROGRAMS TO RESIDENTIAL AND COMMUTER STUDENTS AS PART OF THEIR ACADEMIC EXPERIENCES AT THE UNIVERSITY. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 37297217 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| 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 | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | 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 | 1 | 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 | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 1 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | 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 | 82 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 1019 | 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 |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 31 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 30 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 1 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 1 | 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 | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 0 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | WAYNE B POWELL | NamePerson |
| Telephone Number | 8283287334 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 643 8TH AVENUE NE | AddressLine1 |
| City | HICKORY | City |
| State | NC | State |
| ZIP Code | 28601 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (38 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| DR WAYNE B POWELL | |||||||
| PRESIDENT | 40.00 | X | X | 255858 | 0 | 37315 | |
| KATHRYN FISHER | |||||||
| DEAN OF STUDENTS | 40.00 | X | 77819 | 0 | 5099 | ||
| LARRY M HALL | |||||||
| PROVOST | 40.00 | X | 134141 | 0 | 20904 | ||
| PETER K KENDALL | |||||||
| VP FINANCE & ADMIN. | 40.00 | X | 123032 | 0 | 20210 | ||
| RACHEL NICHOLS | |||||||
| VP ENROLLMENT MANAGEMENT | 40.00 | X | 93709 | 0 | 26357 | ||
| WILLARD S SHRODE | |||||||
| VP INST. ADVANCEMENT | 40.00 | X | 127218 | 0 | 15723 | ||
| PAUL S SHUMAKER | |||||||
| CONTROLLER | 40.00 | X | 79153 | 0 | 18537 | ||
| NEILL R MCGEACHY | |||||||
| ATHLETIC DIRECTOR | 40.00 | 148198 | 0 | 13377 | X | ||
| JEROME W BOLICK | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| BISHOP LEONARD H BOLICK | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| JEFFREY P BRONNENBERG | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| REV RANDALL A CAUBLE | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| DR KENNY CHUN | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| REV PALMER D CLEMMER | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| SANDRA R CLINE | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| DUANE A DASSOW | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| REV DR MICHAEL W FRYE | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| BOYD L GEORGE | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| DR J GEORGE GILBERT | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| DR ELIZABETH R HAYFORD | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| MICHAEL HINSHAW | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| STEVE O HUNT | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| MARGARET H JACKSON | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| REV DAVID R KECK JR | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| DEWYONE PEDIE KING | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| JEARLD L LEONHARDT | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| JAMES L MCCOY JR | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| KATHERINE F MCKENZIE | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| GEORGE A MORETZ | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| STEPHEN B NEUVILLE | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| HELGI K SHUFORD | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| REV TIMOTHY M SMITH | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| CHARLES M SNIPES | |||||||
| BOARD CHAIR | 1.00 | X | X | 0 | 0 | 0 | |
| PHILLIP E STEPHENS | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| JAMES V TARLTON | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| STEPHEN M THOMAS | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| TONY W WOLFE | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| REV D RHODES WOOLLY | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1039128 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 157522 | TotalOtherCompensation |
| Number Individuals GT100 K | 5 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| ARAMARK CAMPUS SERVICES | |||||
| PO BOX 7476 | HICKORY | NC | 28603 | FOOD SERVICE | 2130611 |
| ARAMARK FACILITY SERVICES | |||||
| 2300 WARRENVILLE ROAD | DOWNERS GROVE | IL | 60515 | MAINTENANCE | 1430840 |
| SUNGARD SCT INC | |||||
| 14083 COLLECTIONS CENTER DRIVE | CHICAGO | IL | 60693 | IT CONSULTING | 720237 |
| WOOLPERT INC | |||||
| PO BOX 641998 | CINCINNATI | OH | 45264 | ARCHITECTURE SERVICES | 241321 |
| ROYALL & COMPANY | |||||
| 1920 EAST PARHAM | RICHMOND | VA | 23228 | SEARCH AGENTS | 221423 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 17 | NumberOfContractorsGT100K |
| Government Grants | 2546597 | GovernmentGrants |
| All Other Contributions | 7085050 | AllOtherContributions |
| Noncash Contributions | 1412826 | NoncashContributions |
| Total Contributions | 9631647 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION AND FEES | 611710 | 39064074 | 39064074 |
| AUXILIARY SERVICES | 611710 | 7602958 | 7602958 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 46667032 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 591837 | TotalRevenueColumn |
| Exclusion | $591,837 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 47869 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 68987 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -21118 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -21118 | TotalRevenueColumn |
| Exclusion | -$21,118 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 7129947 | Securities |
| Other | 300 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 6486682 | Securities |
| Other | 316498 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 643265 | Securities |
| Other | -316198 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 327067 | TotalRevenueColumn |
| Exclusion | $327,067 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MISCELLANEOUS | Description |
| Business Code | 611710 | BusinessCode |
| Total Revenue Column | 416225 | TotalRevenueColumn |
| Unrelated Business Revenue | 15225 | UnrelatedBusinessRevenue |
| Exclusion | $401,000 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 416225 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 57612690 | TotalRevenueColumn |
| Related Or Exempt Function Income | 46667032 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 15225 | UnrelatedBusinessRevenue |
| Exclusion | $1,298,786 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 20097797 | Total |
| Program Services | 20097797 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1039128 | Total |
| Program Services | 542321 | ProgramServices |
| Management And General | 449319 | ManagementAndGeneral |
| Fundraising | 47488 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12608906 | Total |
| Program Services | 6580588 | ProgramServices |
| Management And General | 5452091 | ManagementAndGeneral |
| Fundraising | 576227 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 593774 | Total |
| Program Services | 309891 | ProgramServices |
| Management And General | 256748 | ManagementAndGeneral |
| Fundraising | 27135 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1990787 | Total |
| Program Services | 1038992 | ProgramServices |
| Management And General | 860816 | ManagementAndGeneral |
| Fundraising | 90979 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 989817 | Total |
| Program Services | 516585 | ProgramServices |
| Management And General | 427997 | ManagementAndGeneral |
| Fundraising | 45235 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3232500 | Total |
| Program Services | 1687042 | ProgramServices |
| Management And General | 1397733 | ManagementAndGeneral |
| Fundraising | 147725 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 25289 | Total |
| Program Services | 13198 | ProgramServices |
| Management And General | 10935 | ManagementAndGeneral |
| Fundraising | 1156 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 106899 | Total |
| Program Services | 55791 | ProgramServices |
| Management And General | 46223 | ManagementAndGeneral |
| Fundraising | 4885 | Fundraising |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 79876 | Total |
| Fundraising | 79876 | Fundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 128766 | Total |
| Management And General | 128766 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 865839 | Total |
| Program Services | 451881 | ProgramServices |
| Management And General | 374389 | ManagementAndGeneral |
| Fundraising | 39569 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 257542 | Total |
| Program Services | 134411 | ProgramServices |
| Management And General | 111361 | ManagementAndGeneral |
| Fundraising | 11770 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 625254 | Total |
| Program Services | 326320 | ProgramServices |
| Management And General | 270360 | ManagementAndGeneral |
| Fundraising | 28574 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1099667 | Total |
| Program Services | 573916 | ProgramServices |
| Management And General | 475496 | ManagementAndGeneral |
| Fundraising | 50255 | Fundraising |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1023 | Total |
| Program Services | 534 | ProgramServices |
| Management And General | 442 | ManagementAndGeneral |
| Fundraising | 47 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13485 | Total |
| Program Services | 7038 | ProgramServices |
| Management And General | 5831 | ManagementAndGeneral |
| Fundraising | 616 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1038665 | Total |
| Program Services | 542079 | ProgramServices |
| Management And General | 449119 | ManagementAndGeneral |
| Fundraising | 47467 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 919797 | Total |
| Program Services | 480042 | ProgramServices |
| Management And General | 397720 | ManagementAndGeneral |
| Fundraising | 42035 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2329475 | Total |
| Program Services | 1215753 | ProgramServices |
| Management And General | 1007265 | ManagementAndGeneral |
| Fundraising | 106457 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 378434 | Total |
| Program Services | 197505 | ProgramServices |
| Management And General | 163635 | ManagementAndGeneral |
| Fundraising | 17294 | Fundraising |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| UTILITIES | 1477429 | 771070 | 638840 | 67519 |
| REPAIRS | 587434 | 306582 | 254006 | 26846 |
| BAD DEBTS | 508662 | 265471 | 219945 | 23246 |
| MEMBERSHIPS & DUES | 168335 | 87854 | 72788 | 7693 |
| SOFTWARE LICENSES | 105962 | 55302 | 45818 | 4842 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1991289 | Total |
| Program Services | 1039254 | ProgramServices |
| Management And General | 861033 | ManagementAndGeneral |
| Fundraising | 91002 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 53261831 | Total |
| Program Services | 37297217 | ProgramServices |
| Management And General | 14378676 | ManagementAndGeneral |
| Fundraising | 1585938 | Fundraising |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10611468 | BOY |
| EOY | 13934066 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12526399 | BOY |
| EOY | 11917842 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 844762 | BOY |
| EOY | 902450 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1828900 | BOY |
| EOY | 1755231 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12346 | BOY |
| EOY | 17487 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 473975 | BOY |
| EOY | 652443 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 70045398 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 32800854 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 37875614 | BOY |
| EOY | 37244544 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 29522939 | BOY |
| EOY | 36908062 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17529056 | BOY |
| EOY | 19634297 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3700567 | BOY |
| EOY | 4700291 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 114926026 | BOY |
| EOY | 127666713 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2145863 | BOY |
| EOY | 2423623 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 774352 | BOY |
| EOY | 667727 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16200000 | BOY |
| EOY | 15595000 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 91909 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2943335 | BOY |
| EOY | 2696594 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3060847 | BOY |
| EOY | 3180223 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 25124397 | BOY |
| EOY | 24655076 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18566787 | BOY |
| EOY | 20805976 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22063665 | BOY |
| EOY | 29990046 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 49171177 | BOY |
| EOY | 52215615 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 89801629 | BOY |
| EOY | 103011637 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 114926026 | BOY |
| EOY | 127666713 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 4350859 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 8859149 | ReconcilationOtherChanges |
| 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 | 0 | AgentTrusteeEtc |
| Included On FS | 1 | IncludedOnFS |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 52783523 | BeginningOfYearBalance |
| Contributions | 2073966 | Contributions |
| Investment Earnings Or Losses | 9215730 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 1680805 | GrantsOrScholarships |
| Other Expenditures | 641678 | OtherExpenditures |
| Administrative Expenses | 72627 | AdministrativeExpenses |
| End Of Year Balance | 61678109 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 47672900 | BeginningOfYearBalance |
| Contributions | 3295556 | Contributions |
| Investment Earnings Or Losses | 4233753 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 1696813 | GrantsOrScholarships |
| Other Expenditures | 626116 | OtherExpenditures |
| Administrative Expenses | 95757 | AdministrativeExpenses |
| End Of Year Balance | 52783523 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 59163177 | BeginningOfYearBalance |
| Contributions | 2008387 | Contributions |
| Investment Earnings Or Losses | -11275952 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 1190674 | GrantsOrScholarships |
| Other Expenditures | 1032038 | OtherExpenditures |
| End Of Year Balance | 47672900 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.05390 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.71770 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.22840 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 1 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 1 | EndowmentsHeldByRelatedOrgs |
| Are Related Orgs Listed Schedule R | 1 | AreRelatedOrgsListedScheduleR |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 390188 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 1518595 | OtherCostOrOtherBasis |
| Book Value | 1908783 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 54097216 | OtherCostOrOtherBasis |
| Depreciation | 28022896 | Depreciation |
| Book Value | 26074320 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 8388565 | OtherCostOrOtherBasis |
| Depreciation | 1019210 | Depreciation |
| Book Value | 7369355 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5650834 | OtherCostOrOtherBasis |
| Depreciation | 3758748 | Depreciation |
| Book Value | 1892086 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 37244544 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (4 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| EQUITY FUNDS | 3953383 | F |
| BOND FUNDS | 1270830 | F |
| HEDGE FUNDS | 8269458 | F |
| LIMITED PARTNERSHIPS | 6140626 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 19634297 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| GOVERNMENT ADVANCES FOR STUDENT LOANS | $1,658,575 |
| INTEREST RATE SWAP | $734,047 |
| ASSET RETIREMENT OBLIGATIONS | $787,601 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 3180223 | TotalOfAmounts |
| Total Revenue | 57612690 | TotalRevenue |
| Total Expenses | 53261831 | TotalExpenses |
| Excess Or Deficit For Year | 4350859 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 8384875 | NetUnrealizedGLOnInvestments |
| Other | $474,274 | OtherAmount |
| Total Adjustments | 8859149 | TotalAdjustments |
| Excess Or Deficit Per FS | 13210008 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 46603907 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 8384875 | NetUnrealizedGainsInvestments |
| Other Revenues | -19720188 | OtherRevenues |
| Revenue Not Rptd F990 | -11335313 | RevenueNotRptdF990 |
| Revenue Subtotal | 57939220 | RevenueSubtotal |
| Other Revenues Not Included | -326530 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | -326530 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 57612690 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 33393899 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 358631 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 358631 | ExpensesNotRptdF990 |
| Expenses Subtotal | 33035268 | ExpensesSubtotal |
| Other Expenses Not Included | 20226563 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 20226563 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 53261831 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART IV, LINE 2B: | LENOIR-RHYNE UNIVERSITY SERVES AS CUSTODIAN FOR FUNDS BELONGING TO VARIOUS STUDENT ORGANIZATIONS. GROUPS ARE ABLE TO ACCESS THE FUNDS ON REQUEST WITH APPROVAL OF ADVISOR. | |
| PART V, LINE 4: | PROVIDE SCHOLARSHIPS, PROFESSORSHIPS, AND PROGRAM SUPPORT AS DESIGNATED BY DONORS. | DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: |
| PART XII, LINE 2D, OTHER ADJUSTMENTS: LOSS ON INTEREST RATE SWAP - (158,846) SCHOLARSHIPS EXPENSE - (20,097,797) CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS - 665,221 INVESTMENT FEE EXPENSE - (128,766) PART XII, LINE 4B, OTHER ADJUSTMENTS: RENTAL EXPENSES - (42,433) NONCASH CONTRIBUTIONS - 32,101 LOSS ON SALE OF FIXED ASSETS - (316,198) PART XIII, LINE 2D, OTHER ADJUSTMENTS: RENTAL EXPENSES - 42,433 LOSS ON SALE OF FIXED ASSETS - 316,198 PART XIII, LINE 4B, OTHER ADJUSTMENTS: SCHOLARSHIPS EXPENSE - 20,097,797 INVESTMENT FEE EXPENSE - 128,766 |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 0 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 0 | 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 | THE ORGANIZATION HAS NO ADVERTISING DIRECTLY TO STUDENTS. THE ORGANIZATION DISPLAYS THIS POLICY IN ITS CATALOGUE AND ON REGISTRATION MATERIALS. |
| EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE | SCHEDULE E, PART I, LINE 6 | LENOIR-RHYNE UNIVERSITY STUDENTS RECEIVE A VARIETY OF FEDERAL AND STATE GRANTS AND LOANS, INCLUDING DIRECT LOANS, PELL GRANTS, STATE CONTRACTUAL SCHOLARSHIPS, AND NORTH CAROLINA LEGISLATIVE TUITION GRANTS. |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | X | MailSolicitations |
| Email Solicitations | X | EmailSolicitations |
| Phone Solicitations | X | PhoneSolicitations |
| In Person Solicitations | X | InPersonSolicitations |
| Solicitation Of Govt Grants | X | SolicitationOfGovtGrants |
| Agreement Ref Fundraising | 0 | AgreementRefFundraising |
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | NONE | NameOfEvent1 |
| Name Of Event2 | NONE | NameOfEvent2 |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | SCHOLARSHIPS AND FELLOWSHIPS TO STUDENTS | TypeOfGrant |
| Number Of Recipients | 1529 | NumberOfRecipients |
| Amount Of Cash Grant | 20097797 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: GRANTS ARE AWARDED TO STUDENTS BASED UPON THE CRITERIA ESTABLISHED WITH EACH GRANT. FINANCIAL AID PERSONNEL MONITOR EACH GRANT ALONG WITH THE TOTAL AID RECEIVED BY EACH STUDENT TO ENSURE THAT INDIVIDUALS AS WELL AS COLLECTIVE AWARDS ARE WITHIN THE GUIDELINES ESTABLISHED BY STATE AND FEDERAL GOVERNMENTAL AGENCIES. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | 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 (3 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DR WAYNE B POWELL | |||||||||||||
| 255858 | 0 | 0 | 0 | 0 | 0 | 15000 | 0 | 22315 | 0 | 293173 | 0 | 0 | 0 |
| LARRY M HALL | |||||||||||||
| 134141 | 0 | 0 | 0 | 0 | 0 | 8331 | 0 | 12573 | 0 | 155045 | 0 | 0 | 0 |
| NEILL R MCGEACHY | |||||||||||||
| 148198 | 0 | 0 | 0 | 0 | 0 | 6449 | 0 | 6928 | 0 | 161575 | 0 | 0 | 0 |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LENOIR-RHYNE UNIVERSITY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 560556753 | IssuerEIN |
| Date Issued | 2008-03-13 | DateIssued |
| Issue Price | 17000000 | IssuePrice |
| Description Of Purpose | SEE SCHEDULE O. | 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) |
|---|---|---|
| Total Proceeds | 17000000 | TotalProceeds |
| Issuance Costs From Proceeds | 176240 | IssuanceCostsFromProceeds |
| Capital Expenditures | 8385345 | CapitalExpenditures |
| Year Of Subst Completion | 2010 | 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 |
| Bond Counsel Routinely Engaged | 0 | BondCounselRoutinelyEngaged |
| Post Issuance Compliance Procdrs | 1 | PostIssuanceComplianceProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8038 T Filed | 1 | 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 | WELLS FARGO | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Term Of Hedge | 9.000000000000 | TermOfHedge |
| Superintegrated Hedge | 0 | SuperintegratedHedge |
| Hedge Terminated | 0 | HedgeTerminated |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | 0 | GrossProceedsInvested |
| Exception To Rebate | 1 | ExceptionToRebate |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 1800 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenues |
Securities Miscellaneous SecuritiesMiscellaneous
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 23 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 1352725 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenues |
Real Estate Residential RealEstateResidential
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 28000 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | APPRAISAL | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable (5 entries)
| Non Cash CheckboxNonCashCheckbox | DescriptionDescription | Number Of ContributionsNumberOfContributions | Noncash Contribs Rptd F990NoncashContribsRptdF990 | Method Of Determining RevenuesMethodOfDeterminingRevenues |
|---|---|---|---|---|
| X | FURNITURE | 2 | 15074 | FAIR MARKET VALUE |
| X | MUSIC PIECES | 1 | 727 | FAIR MARKET VALUE |
| X | BELGIAN HORSE | 1 | 8500 | FAIR MARKET VALUE |
| X | HOTEL ROOMS | 1 | 5000 | FAIR MARKET VALUE |
| X | VINYL FLOORING | 1 | 1000 | FAIR MARKET VALUE |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 1 | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | THIRD PARTY USE: | Identifier |
| Return Reference | PART I, LINE 32B: | ReturnReference |
| Explanation | FOR NONCASH CONTRIBUTIONS OF SECURITIES, THE ORGANIZATION USES A THIRD PARTY BROKER COMPANY TO SELL THESE ASSETS. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (10 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | HICKORY IS A RELATIVELY SMALL TOWN, AND MANY MEMBERS ON THE BOARD (OR A FAMILY MEMBER) OPERATE A BUSINESS IN TOWN THAT OTHERS MAY PATRONIZE IN THE NORMAL COURSE OF BUSINESS. | |
| FORM 990, PART VI, SECTION A, LINE 3 | THE UNIVERSITY HAS FOUR SIGNIFICANT MANAGEMENT CONTRACTS WITH OUTSIDE SERVICE PROVIDERS. THESE INCLUDE MANAGEMENT (ARAMARK), DINING SERVICES (ARAMARK), BOOKSTORE OPERATIONS (VALIDIS), AND IT OPERATIONS (SUNGUARD HIGHER EDUCATION). IN ALL OF THESE INSTANCES THE UNIVERSITY HAS A DETAILED CONTRACT WITH THE VENDOR THAT CLEARLY DELINEATES THE AUTHORITY THESE ORGANIZATIONS AND THEIR EMPLOYEES HAVE TO PROVIDE MANAGEMENT AND OTHER SERVICES. | |
| FORM 990, PART VI, SECTION A, LINE 7A | THE MEMBERS OF THE BOARD OF TRUSTEES ARE ELECTED BY THE ORGANIZATION'S GOVERNING BODY WITH THE EXCEPTION OF THE BISHOP OF THE NC SYNOD. THE BISHOP OF THE NC SYNOD IS ELECTED BY THE DELEGATES TO THE SYNOD CONVENTION AND HE/SHE HOLDS AN EX-OFFICIO VOTING POSITION ON THE BOARD OF TRUSTEES. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE BOARD WILL BE EMAILED THE FORM 990 TO BE REVIEWED. | |
| THE CHAIR OF THE BOARD OF TRUSTEES AND THE PRESIDENT OF THE UNIVERSITY REQUEST THAT ALL TRUSTEES, OFFICERS, SENIOR MANAGERS AND DEPARTMENT MANAGERS REVIEW THE CONFLICT OF INTEREST POLICY AND COMPLETE THE DISCLOSURE FORM ON AN ANNUAL BASIS. | FORM 990, PART VI, SECTION B, LINE 12C | |
| THE EXECUTIVE COMMITTEE OF THE BOARD CONDUCTS AN ANNUAL PERFORMANCE APPRAISAL OF THE PRESIDENT. THIS COMMITTEE THEN APPROVES CHANGES IN COMPENSATION AND/OR THE EMPLOYMENT CONTRACT OF THE PRESIDENT BASED ON A REVIEW OF HISTORICAL COMPENSATION DATA COMPILED REGARDING THE COMPENSATION OF THE PRESIDENTS OF SIMILAR ORGANIZATIONS IN NORTH CAROLINA AND THROUGHOUT THE UNITED STATES. | FORM 990, PART VI, SECTION B, LINE 15 | |
| THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. | FORM 990, PART VI, SECTION C, LINE 19 | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | NET UNREALIZED GAINS ON INVESTMENTS: 8,384,875. NONCASH CONTRIBUTION -32,101. LOSS ON INTEREST RATE SWAP -158,846. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 665,221. TOTAL TO FORM 990, PART XI, LINE 5: 8,859,149. | FORM 990, PART XI, LINE 5: |
| HOURS PROVIDED TO RELATED ORGANIZATION: EMPLOYEE: NEILL R. MCGEACHY HOURS PER WEEK: 10 RELATED ORGANIZATION: PIEDMONT EDUCATIONAL FOUNDATION PIEDMONT EDUCATIONAL FOUNDATION, INC. PAID 57,909 OF TOTAL COMPENSATION FOR HIS SERVICES TO THAT ORGANIZATION. | FORM 990, PART VII, SECTION A, COLUMN B | |
| FOR RENOVATION AND PURCHASE OF HOUSING FACILITIES. FOR REFINANCING OF PREVIOUS BOND ISSUE. | FORM 990, SCHEDULE K, PART I, COLUMN F |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PIEDMONT EDUCATIONAL FOUNDATION | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 7164 | AddressLine1 |
| City | HICKORY | City |
| State | NC | State |
| ZIP Code | 28603 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 566061289 | EIN |
| Primary Activities | PROVIDE ATHLETIC SCHOLARSHIPS FOR LENOIR RHYNE UNIVERSITY | PrimaryActivities |
| Legal Domicile State | NC | LegalDomicileState |
| Exempt Code Section | 501(C)(3) | ExemptCodeSection |
| Public Charity Status | 11 - TYPE I | PublicCharityStatus |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| Controlled Org | 0 | ControlledOrg |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 1 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 1 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
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