2011-02-11T10:13:49-06:00 2010-06-30 BROWN EDWARDS & COMPANY LLP 319 MCCLANAHAN ST ROANOKE VA 24014 990 2009-07-01 540506314 HOLLINS UNIVERSITY CORPORATION HOLL 5403616343 PO BOX 9658 ROANOKE VA 240201658 KERRY EDMONDS 5403626343 2011-02-09 1 Gary R Duerk 5403450936 2009 2016-02-24 21:20:13Z KERRY EDMONDS PO BOX 9658 ROANOKE VA 240201658 58004359 0 X WWW.HOLLINS.EDU X 1842 VA OPERATION OF A PRIVATE, NON-PROFIT UNIVERSITY 24 24 1023 3 -102863 -103403 16681420 23663553 30519972 31265461 6041283 2355134 384488 558336 53627163 57842484 10428259 11042783 0 976679 531328 0 1092922 33130812 31671448 44535750 43245559 9091413 14596925 179404193 200437374 3921023 3716151 175483170 196721223 HOLLINS UNIVERSITY IS AN INDEPENDENT LIBERAL ARTS UNIVERISTY DEDICATED TO ACADEMIC EXCELLENCE AND HUMANE VALUES. HOLLINS UNIVERSITY OFFERS UNDERGRADUATE LIBERAL ARTS EDUCATION FOR WOMEN, SELECTED GRADUATE PROGRAMS FOR MEN AND WOMEN, AND COMMUNITY OUTREACH INITIATIVES. THE HOLLINS COMMUNITY SUSTAINS TALENTED STUDENTS ENGAGED IN CHALLENGING STUDY, AND PRODUCTIVE SCHOLARS AND ARTISTS DEVOTED TO TEACHING AND TO THE ADVANCEMENT OF KNOWLEDGE. THE HALLMARKS OF A HOLLINS EDUCATION ARE CREATIVITY AND EFFECTIVE SELF-EXPRESSION, PROBLEM SOLVING AND CRITICAL THINKING SKILLS, AND INDEPENDENT INQUIRY AND THE FREE EXCHANGE OF IDEAS. Our university motto, Levavi Oculos, calls us to leadership and service in accord with the Hollins values and traditions. 0 0 35734287 11042783 31926660 HOLLINS UNIVERSITY IS A NONPROFIT INSTITUTION OF HIGHER EDUCATION OFFERING UNDERGRADUATE, GRADUATE, EXCHANGE, AND ABROAD EDUCATION PROGRAMS. THESE PROGRAMS PREPARE OUR STUDENTS FOR LIVES OF ACTIVE LEARNING AND ACHIEVEMENT. 35734287 1 1 0 0 0 0 1 0 1 1 1 0 1 1 1 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 156 0 1 1023 1 1 1 1 UK FR 0 0 0 0 1 1 0 0 24 24 1 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X X KERRY EDMONDS 5403626343 HOLLINS UNIVERSITY PO BOX 9658 ROANOKE VA 240201658 NANCY O GRAY 40.00 X X 277957 0 52890 CLARK HOOPER BARUCH 3.00 X X 0 0 0 SUZANNE ALLEN REDPATH 3.00 X X 0 0 0 WILLIAM C WILEY 3.00 X 0 0 0 SUSAN DOBBS 3.00 X 0 0 0 CLAUDIA WATKINS BELK 3.00 X 0 0 0 MIRIAM FARMAKIS 3.00 X 0 0 0 WILLIAM TRINKLE 3.00 X 0 0 0 THOMAS BARRON 3.00 X 0 0 0 MARY JOSEPH 3.00 X 0 0 0 LINDA LORIMER 3.00 X 0 0 0 CYNTHIA HALE 3.00 X 0 0 0 ANNA HOLMES HURLEY 3.00 X 0 0 0 SANDRA KOLB 3.00 X 0 0 0 WYNDHAM ROBERTSON 3.00 X 0 0 0 JEAN RUTHERFOORD 3.00 X 0 0 0 ELIZABETH MCDONNELL 3.00 X 0 0 0 SUZANNE S WHITMORE 3.00 X 0 0 0 DEE MARLEY 3.00 X 0 0 0 HAROLD MCLEOD III 3.00 X 0 0 0 anne faircloth 3.00 X 0 0 0 sandra frazier 3.00 X 0 0 0 CHARLOTTE PORTERFIELD 3.00 X 0 0 0 cameron Vowell 3.00 X 0 0 0 W BOLTON DIXON 3.00 X 0 0 0 KERRY EDMONDS 40.00 X 103153 0 12241 BROOK DICKSON 40.00 X 56787 0 8420 JEANINE STEWART 40.00 X 138158 0 11040 MEREDITH HUNTER 40.00 X 137081 0 14011 RICHARD DILLARD 40.00 X 107890 0 13179 KLAUS PHILLIPS 40.00 X 101857 0 12915 922883 0 124696 6 0 1 0 SODEXHO MANAGEMENT SERVICES PO BOX 9660 ROANOKE VA 24020 FOOD AND BOOKSTORE SERVICES 2221086 WACHOVIA BANK NA 2166 SALEM INDUSTRIAL DRIVE SALEM VA 241533144 CORPORATE CREDIT CARD 613325 BECK STUDIO INC 1001 TECH DRIVE MILFORD OH 45150 CONSTRUCTION 510367 ANTHEM BLUE CROSS BLUE SHIELD PO BOX 580494 CHARLOTTE NC 282580494 HEALTH CARE SERVICES 397574 HEALTHKEEPERS INC ATTN CASHIER PO BOX 17499 BALTIMORE MD 212971499 HEALTH CARE SERVICES 331651 20 557382 23106171 4081820 23663553 STUDENT FEES 611600 24891962 24891962 DORM & OTHER RENTS 721000 3516546 3516546 CAFETERIA/DINING HALL 722320 2240758 2232574 8184 SPONSORED PROGRAMS 621110 351467 351467 OTHER AUX. ENTERPRISES 621110 264728 264728 31265461 2193259 2193259 323750 161875 161875 161875 161875 OTHER INCOME 900099 558336 669383 -111047 558336 57842484 31926660 -102863 2355134 10511045 10511045 531738 531738 531328 531328 2347527 2347527 INSTRUCTIONAL 12009747 12009747 AUXILLIARY & STUDENT SE 6666975 6666975 INSTITUTIONAL SUPPORT 4696171 3603249 1092922 acAdemic SUPPORT & RESE 3667255 3667255 OPERATIONS & MAINTENANC 2283773 2283773 43245559 35734287 6418350 1092922 8061069 10184943 13340195 16018391 743751 1347882 1932224 2141966 91777231 51038152 41344224 40739079 113982730 130005113 179404193 200437374 1646042 1439579 493019 605428 1781962 1671144 3921023 3716151 X 46707121 48322097 42593863 51390008 86182186 97009118 175483170 196721223 179404193 200437374 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 121819174 12088248 9058009 5899857 75800 127093 136862681 128179849 14181347 -13874679 6339325 197951 130067 121819174 0.04130 0.93830 0.02040 0 0 1784563 1784563 66988127 32971941 34016186 3446646 2474481 972165 19032305 15591730 3440575 525590 525590 40739079 CHARITABLE GIFT ANNUITY & TRUST AGREEMENT 875343 U.S. GOVERNMENT GRANTS REFUNDABLE 795801 1671144 57842484 43245559 14596925 6768221 -127093 6641128 21238053 53440829 6768221 6768221 46672608 11169876 11169876 57842484 32202776 0 32202776 11042783 11042783 43245559 Part III, Line 1a: HOLLINS UNIVERSITY DOES NOT HAVE A FOOTNOTE IN ITS FINANCIAL STATEMENTS REGARDING THE ELECTION UNDER SFAS 116, NOT TO REPORT IN ITS REVENUE STATEMENT AND BALANCE SHEET ITS COLLECTIONS OF ART, HISTORICAL TREASURES AND OTHER SIMILAR ASSETS, BECAUSE OF MATERIALTIY. Part III, Line 4: The museum houses a dedicated permanent Collection and Educational Resource Center, which is available to students, teachers, and other patrons who are interested in furthering their study of art in the museum's permanent collection. It also functions as a small educational center for groups and classes, providing a forum for discussion, workshops, and projects based on exhibitions. Part V, Line 4: Description of Intended Use of Endowment Funds: The University intends to use the endowment funds for scholarships, study abroad opportunties, capital improvements, faculty compensation, faculty and student research and other operating needs based on board approved spending. Part XI, Line 8 - Other Adjustments: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS: -127093. Part XII, Line 4b - Other Adjustments: GRANTS PAID: 11042783. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS: 127093. Part XIII, Line 4b - Other Adjustments: GRANTS PAID: 11042783. 1 1 1 HOLLINS UNIVERSITY DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS NATIONWIDE, AND FOLLOWS A RACIALLY NON-DISCRIMINATORY POLICY AS TO STUDENTS. THE UNIVERSITY INCLUDES A STATEMENT OF ITS RACIALLY NON-DISCRIMINATORY POLICY ON ITS WEBSITE AND IN ALL ITS BROCHURES AND CATALOGS DEALING WITH STUDENT ADMISSIONS, PROGRAMS, AND SCHOLARSHIPS. HOLLINS UNIVERSITY THEREFORE SATISFIES THE PUBLICITY REQUIREMENTS AS SET FORTH IN REV PROC 75-50. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 HOLLINS UNIVERITY CORPORATION RECEIVES ASSISTANCE FROM GOVERNMENTAL AGENCIES FOR STUDENT ASSISTANCE PROGRAMS. THE FOLLOWING IS A LIST OF THESE GOVERNMENT GRANTS RECEIVED:SEOG; ACADEMIC COMPETITIVENESS; FEDERAL COLLEGE WORK-STUDY; PELL GRANT PROGRAM; NATIONAL SCIENCE & MATH ACCESS; VIRGINIA TUITION ASSISTANCE GRANT; VIRGINIA COLLEGE SCHOLARSHIP ASSISTANCE; AND VIRGINIA HIGHER ED SCHOLARSHIP. 1 0 EUROPE 2 3 program services instuctural activities for study abroad program 807766 2 3 807766 SCHOLARSHIPS AND AID FOR NON-RESIDENT AILENS. EAST ASIA & THE PACIFIC 16 275330 MONIES CREDITED TO STUDENT'S ACCOUNT SCHOLARSHIPS AND AID FOR NON-RESIDENT AILENS. SUB-SAHARAN AFRICA 2 14278 MONIES CREDITED TO STUDENT'S ACCOUNT SCHOLARSHIPS AND AID FOR NON-RESIDENT AILENS. EUROPE 4 29325 MONIES CREDITED TO STUDENT'S ACCOUNT SCHOLARSHIPS AND AID FOR NON-RESIDENT AILENS. SOUTH ASIA 4 110693 MONIES CREDITED TO STUDENT'S ACCOUNT SCHOLARSHIPS AND AID FOR NON-RESIDENT AILENS. CENTRAL AMERICA & THE CARIBBEAN 2 31701 MONIES CREDITED TO STUDENT'S ACCOUNT SCHOLARSHIPS AND AID FOR NON-RESIDENT AILENS. Middle East and North Africa 2 41836 MONIES CREDITED TO STUDENT'S ACCOUNT SCHOLARSHIPS AND AID FOR NON-RESIDENT AILENS. Russia & the Newly Independent States 2 28574 MONIES CREDITED TO STUDENT'S ACCOUNT 1 SCHOLARSHIPS (INCLUDES US & FOREIGN INDIVIDUALS) 852 10067489 SEOG 63 112935 ACADEMIC COMPETIVENESS 127 111150 FEDERAL COLLEGE WORK-STUDY 271 215471 NATIONAL SCIENCE & MATH ACCESS 1 4000 X 1 0 X X X 0 0 0 0 0 0 0 0 0 NANCY O GRAY 274937 0 0 0 3020 0 47000 0 5890 0 330847 0 0 0 MEREDITH HUNTER 137081 0 0 0 0 0 11120 0 2891 0 151092 0 0 0 Part I, Line 1a The president is provided housing as part of her contract as she is required to live on campus. X 3 358800 OPINION OF EXPERTS X 8000 OPINION OF EXPERTS X 147 3523972 AVE HIGH/LOW-TRANSFER DA X HORSES (13) 3 179500 OPINION OF EXPERTS X EQUESTRIAN SUPPLIES 1 1875 OPINION OF EXPERTS X 100 FRAMED BUTTERFILES 1 4750 OPINION OF EXPERTS X CONCRETE BASIS FOR SCULPTURES 1 3500 OPINION OF EXPERTS X HOSPITALITY 5 1423 RETAIL VALUE 4 0 0 0 Form 990, Part VI, Section A, line 2 HAROLD MCLEOD, A TRUSTEE, was ALSO A VP WITH WACHOVIA/WELLS FARGO, WHICH IS WHERE MOST OF HOLLINS' CASH ACCOUNTS ARE HELD THROUGH MAY 2010. MR. MCLEOD CHANGED JOBS IN MAY 2010 AND WORKS FOR A LOCAL BANK IN RICHMOND. ALSO, PRESIDENT GRAY IS A MEMBER OF THE LOCAL WACHOVIA/WELLS FARGO ADVISORY BOARD. Form 990, Part VI, Section B, line 11 THE FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE PRIOR TO FILING. A COPY OF THE FORM 990 IS MADE AVAILABLE TO ALL BOARD MEMBERS BEFORE IT IS FILED. Form 990, Part VI, Section B, line 12c Process for Conflict Of Interest: The Secretary to the Board of Trustees distributes the Conflict of Interest Annual Disclosure Statements to the trustees and the Human Resources Office distributes the statements to covered employees in the fall and each is responsible for ensuring that all distributed statements are completed and returned to their respective offices. When a statement is received that identifies a potential conflict the Vice President for Finance & Administration is notified, with a copy to the President and Chair of the Board of Trustees if it involves a trustee. The VPFA then reviews the statements to determine if there is a conflict (if appropriate the VPFA may contact legal counsel) and determines an appropriate resolution. After review of the process recently, the process will change where the Audit Committee of the Board of Trustees will receive a report from the VPFA on the completed trustee statements to determine if there are any potential conflicts and if so, appropriate resolutions to recommend to the Executive Committee of the Board. Form 990, Part VI, Section B, line 15 Process for Compensation Review: Hollins University participates in the annual College and University Professional Association for Human Resources (CUPA-HR) Administrative Compensation Survey. The CUPA-HR salary survey provides the university access to the most comprehensive comparable salary data by administrative position in higher education. In the 2009 tax year the VP OF FINANCE & ADMINISTRATION gathered comparable data for the president's position and senior leadership positions using two key comparison groups: (A) Twenty-one (21) of the Council of Independent Colleges of Virginia (CICV) institutions that participated in the CUPA-HR survey and (B) Eleven (11) of the smaller, private liberal arts colleges in our region. The survey provides the average, median, minimum, maximum and additional percentiles. The comparable salary data for the president's position is provided to the Chair of the Board of Trustees. The Executive Committee of the Board of Trustees conducts a performance review of the president annually. The Chair shares the salary data with the Executive Committee and taking into consideration the performance review of the president, the Chair and the Executive Committee set the compensation level for the President for the year. The comparable salary data for the senior leadership positions is provided to the President. The President conducts performance reviews of the senior leaders annually. Taking into consideration the performance the individuals and evaluating the comparable salary data, the President sets the compensation level for the senior leadership for the year. Form 990, Part VI, Section C, line 19 HOLLINS UNIVERSITY MAKES ITS IRS FORMS AVAILABLE TO THE PUBLIC THROUGH THE GUIDESTAR WEBSITE. OTHER GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 2C: THE AUDIT COMMITTEE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.