2011-12-13T14:12:47-06:00 2011-05-31 RSM MCGLADREY LLC 230 N ELM ST STE 1100 GREENSBORO NC 27401 990 2010-06-01 560556753 LENOIR-RHYNE UNIVERSITY LENO 8283287100 PO BOX 7164 HICKORY NC 28603 WAYNE B POWELL 8283287100 2011-12-05 ADRIENNE MCKINNEY 3362724551 2010 2016-02-24 21:20:13Z WAYNE B POWELL PO BOX 7164 HICKORY NC 28603 64484857 0 X WWW.LRC.EDU X 1905 NC 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. 31 30 1019 150 15225 0 18174156 9631647 41190271 46667032 2067492 918904 450182 395107 61882101 57612690 17823074 20097797 0 0 15684521 17222412 69984 79876 1585938 13735282 15861746 47312861 53261831 14569240 4350859 114926026 127666713 25124397 24655076 89801629 103011637 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. 0 0 32352814 20097797 36712459 PROVIDE EDUCATIONAL PROGRAMS AND CONFER UNDERGRADUATE DEGREES IN APPROXIMATELY SIXTY ACADEMIC PROGRAMS OF STUDY. 752903 0 2356537 PROVIDE EDUCATIONAL PROGRAMS AND CONFER MASTERS LEVEL GRADUATE DEGREES IN COUNSELING, ATHLETIC TRAINING, BUSINESS, AND OCCUPATIONAL THERAPY. 4191500 0 7598036 PROVIDE STUDENT LIFE PROGRAMS TO RESIDENTIAL AND COMMUTER STUDENTS AS PART OF THEIR ACADEMIC EXPERIENCES AT THE UNIVERSITY. 37297217 1 1 0 0 0 0 0 1 1 1 1 0 0 1 0 1 0 1 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 1 82 0 1 1019 1 1 1 0 0 0 0 0 0 0 0 0 X 31 30 1 1 0 0 0 1 0 1 1 0 0 1 1 1 1 0 0 1 1 0 X WAYNE B POWELL 8283287334 643 8TH AVENUE NE HICKORY NC 28601 DR WAYNE B POWELL 40.00 X X 255858 0 37315 KATHRYN FISHER 40.00 X 77819 0 5099 LARRY M HALL 40.00 X 134141 0 20904 PETER K KENDALL 40.00 X 123032 0 20210 RACHEL NICHOLS 40.00 X 93709 0 26357 WILLARD S SHRODE 40.00 X 127218 0 15723 PAUL S SHUMAKER 40.00 X 79153 0 18537 NEILL R MCGEACHY 40.00 X 148198 0 13377 JEROME W BOLICK 1.00 X 0 0 0 BISHOP LEONARD H BOLICK 1.00 X 0 0 0 JEFFREY P BRONNENBERG 1.00 X 0 0 0 REV RANDALL A CAUBLE 1.00 X 0 0 0 DR KENNY CHUN 1.00 X 0 0 0 REV PALMER D CLEMMER 1.00 X 0 0 0 SANDRA R CLINE 1.00 X 0 0 0 DUANE A DASSOW 1.00 X 0 0 0 REV DR MICHAEL W FRYE 1.00 X 0 0 0 BOYD L GEORGE 1.00 X 0 0 0 DR J GEORGE GILBERT 1.00 X 0 0 0 DR ELIZABETH R HAYFORD 1.00 X 0 0 0 MICHAEL HINSHAW 1.00 X 0 0 0 STEVE O HUNT 1.00 X 0 0 0 MARGARET H JACKSON 1.00 X 0 0 0 REV DAVID R KECK JR 1.00 X 0 0 0 DEWYONE PEDIE KING 1.00 X 0 0 0 JEARLD L LEONHARDT 1.00 X 0 0 0 JAMES L MCCOY JR 1.00 X 0 0 0 KATHERINE F MCKENZIE 1.00 X 0 0 0 GEORGE A MORETZ 1.00 X 0 0 0 STEPHEN B NEUVILLE 1.00 X 0 0 0 HELGI K SHUFORD 1.00 X 0 0 0 REV TIMOTHY M SMITH 1.00 X 0 0 0 CHARLES M SNIPES 1.00 X X 0 0 0 PHILLIP E STEPHENS 1.00 X 0 0 0 JAMES V TARLTON 1.00 X 0 0 0 STEPHEN M THOMAS 1.00 X 0 0 0 TONY W WOLFE 1.00 X 0 0 0 REV D RHODES WOOLLY 1.00 X 0 0 0 1039128 0 157522 5 0 1 0 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 17 2546597 7085050 1412826 9631647 TUITION AND FEES 611710 39064074 39064074 AUXILIARY SERVICES 611710 7602958 7602958 46667032 591837 591837 47869 68987 -21118 -21118 -21118 7129947 300 6486682 316498 643265 -316198 327067 327067 MISCELLANEOUS 611710 416225 15225 401000 416225 57612690 46667032 15225 1298786 20097797 20097797 1039128 542321 449319 47488 12608906 6580588 5452091 576227 593774 309891 256748 27135 1990787 1038992 860816 90979 989817 516585 427997 45235 3232500 1687042 1397733 147725 25289 13198 10935 1156 106899 55791 46223 4885 79876 79876 128766 128766 865839 451881 374389 39569 257542 134411 111361 11770 625254 326320 270360 28574 1099667 573916 475496 50255 1023 534 442 47 13485 7038 5831 616 1038665 542079 449119 47467 919797 480042 397720 42035 2329475 1215753 1007265 106457 378434 197505 163635 17294 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 1991289 1039254 861033 91002 53261831 37297217 14378676 1585938 10611468 13934066 12526399 11917842 844762 902450 1828900 1755231 12346 17487 473975 652443 70045398 32800854 37875614 37244544 29522939 36908062 17529056 19634297 3700567 4700291 114926026 127666713 2145863 2423623 774352 667727 16200000 15595000 91909 2943335 2696594 3060847 3180223 25124397 24655076 X 18566787 20805976 22063665 29990046 49171177 52215615 89801629 103011637 114926026 127666713 X 4350859 8859149 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 52783523 2073966 9215730 1680805 641678 72627 61678109 47672900 3295556 4233753 1696813 626116 95757 52783523 59163177 2008387 -11275952 1190674 1032038 47672900 0.05390 0.71770 0.22840 1 1 1 390188 1518595 1908783 54097216 28022896 26074320 8388565 1019210 7369355 5650834 3758748 1892086 37244544 EQUITY FUNDS 3953383 F BOND FUNDS 1270830 F HEDGE FUNDS 8269458 F LIMITED PARTNERSHIPS 6140626 F 19634297 GOVERNMENT ADVANCES FOR STUDENT LOANS 1658575 INTEREST RATE SWAP 734047 ASSET RETIREMENT OBLIGATIONS 787601 3180223 57612690 53261831 4350859 8384875 474274 8859149 13210008 46603907 8384875 -19720188 -11335313 57939220 -326530 -326530 57612690 33393899 358631 358631 33035268 20226563 20226563 53261831 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. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: PROVIDE SCHOLARSHIPS, PROFESSORSHIPS, AND PROGRAM SUPPORT AS DESIGNATED BY DONORS. 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 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE 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. X X X X X 0 NONE NONE 1 SCHOLARSHIPS AND FELLOWSHIPS TO STUDENTS 1529 20097797 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: 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. 1 X X 0 0 0 0 0 0 0 0 0 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 LENOIR-RHYNE UNIVERSITY 560556753 2008-03-13 17000000 SEE SCHEDULE O. 0 0 0 17000000 176240 8385345 2010 1 0 1 1 0 0 0 0 0 1 1 1 1 WELLS FARGO 9.000000000000 0 0 0 0 1 X 1 1800 FAIR MARKET VALUE X 23 1352725 FAIR MARKET VALUE X 1 28000 APPRAISAL 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 0 0 1 THIRD PARTY USE: PART I, LINE 32B: FOR NONCASH CONTRIBUTIONS OF SECURITIES, THE ORGANIZATION USES A THIRD PARTY BROKER COMPANY TO SELL THESE ASSETS. 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. FORM 990, PART VI, SECTION B, LINE 12C 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 15 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 C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED 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 VII, SECTION A, COLUMN B 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, SCHEDULE K, PART I, COLUMN F FOR RENOVATION AND PURCHASE OF HOUSING FACILITIES. FOR REFINANCING OF PREVIOUS BOND ISSUE. PIEDMONT EDUCATIONAL FOUNDATION PO BOX 7164 HICKORY NC 28603 566061289 PROVIDE ATHLETIC SCHOLARSHIPS FOR LENOIR RHYNE UNIVERSITY NC 501(C)(3) 11 - TYPE I N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0