2011-02-24T10:02:28-06:00 2010-05-31 RSM McGladrey Inc 230 N Elm St Ste 1100 Greensboro NC 27401 990 2009-06-01 560556753 LENOIR-RHYNE UNIVERSITY LENO 8283287100 PO BOX 7164 HICKORY NC 28603 WAYNE B POWELL 8283287100 2011-02-10 Adrienne S McKinney 3362724551 2009 2016-02-24 21:20:13Z Wayne B Powell PO BOX 7164 HICKORY NC 28603 71404573 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 30 945 150 15875 -406 9120840 18174156 37170504 41190271 1154428 2067492 512653 450182 47958425 61882101 15592311 17823074 0 16410666 15684521 139697 69984 1415753 13364316 13735282 45506990 47312861 2451435 14569240 99011390 114926026 25915332 25124397 73096058 89801629 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 28762865 17752834 32453378 Provide educational programs and confer undergraduate degrees in approximately sixty academic programs of study. 735940 70240 1889230 Provide educational programs and confer Masters level graduate degrees in counseling, athletic training, business, and occupational therapy. 3712859 6847663 Provide student life programs to residential and commuter students as part of their academic experiences at the university. 33211664 1 1 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 1 88 0 1 945 1 1 1 1 OC 0 0 0 0 0 0 0 1 1 31 30 1 1 0 0 0 0 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 240764 0 36336 Kathryn Fisher 40.00 X 49739 0 2619 Larry M Hall 40.00 X 132028 0 20196 Peter K Kendall 40.00 X 120909 0 19506 Rachel Nichols 40.00 X 89288 0 25650 Willard S Shrode 40.00 X 125961 0 15239 Paul S Shumaker 40.00 X 77731 0 17678 Neill R McGeachy 40.00 X 146066 0 13104 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 Dr Hugo L Deaton 1.00 X 0 0 0 Rev Dr Michael W Frye 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 Rev David R Keck Jr 1.00 X 0 0 0 Lynn M Lail 1.00 X 0 0 0 Jearld L Leonhardt 1.00 X 0 0 0 Rev Monta Maki 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 Rev Dr John F Merck 1.00 X 0 0 0 George A Moretz 1.00 X 0 0 0 Stephen B Neuville 1.00 X 0 0 0 Thomas W Reese 1.00 X 0 0 0 Helgi K Shuford 1.00 X 0 0 0 Charles M Snipes 1.00 X 0 0 0 David L Sparks 1.00 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 982486 0 150328 5 0 1 0 Aramark Campus Services PO Box 7476 Hickory NC 28603 Food Service 1076238 Aramark Facility Services 2300 Warrenville Road Downers Grove IL 60515 Maintenance 803795 SunGard SCT Inc 14083 Collections Center Drive Chicago IL 60693 IT Consulting 544439 Rentenback Constructors Inc 2400 Sutherland Avenue Knoxville TN 37919 Construction Services 296518 Lord Aeck Sargent Architecture 1201 Peachtree St NE Ste 300 Atlanta GA 30361 Architecture Services 176221 14 2687392 15486764 604691 18174156 Tuition and Fees 611710 34342607 34342607 Auxiliary Services 611710 6847664 6847664 41190271 915094 915094 64430 35741 28689 28689 28689 10638129 1000 9486731 1151398 1000 1152398 1152398 Miscellaneous 611710 421493 15875 405618 421493 61882101 41190271 15875 2501799 17823074 17823074 982486 516788 420504 45194 11507526 6052959 4925221 529346 577699 303870 247255 26574 1730063 910013 740467 79583 886747 466429 379528 40790 3015449 1586126 1290612 138711 14528 7642 6218 668 95078 50011 40693 4374 69984 69984 163929 163929 620188 326219 265440 28529 94816 49873 40581 4362 676124 355641 289381 31102 903802 475400 386827 41575 2586 1360 1107 119 13547 7126 5798 623 801771 421732 343158 36881 865255 455124 370329 39802 2349952 1236075 1005779 108098 367057 193072 157100 16885 Utilities 1463689 769900 626459 67330 Repairs 548312 288412 234678 25222 Bad Debts 175605 92368 75159 8078 Memberships & Dues 157342 82762 67342 7238 Software Licenses 149026 78388 63783 6855 1257226 661300 538096 57830 47312861 33211664 12685444 1415753 5479580 10611468 6074369 12526399 919652 844762 1938573 1828900 18194 12346 454232 473975 73374692 35499078 38087537 37875614 26448021 29522939 16370221 17529056 3221011 3700567 99011390 114926026 1765629 2145863 945911 774352 16785000 16200000 3528040 2943335 2890752 3060847 25915332 25124397 X 14280994 18566787 16673484 22063665 42141580 49171177 73096058 89801629 99011390 114926026 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 47672900 3295556 4233753 1696813 626116 95757 52783523 59163177 2008387 -11275952 1190674 1032038 47672900 0.03770 0.80220 0.16010 1 1 1 694414 1397868 2092282 54735934 30853104 23882830 11428502 939720 10488782 5117974 3706254 1411720 37875614 Equity Funds 3879818 F Bond Funds 2495446 F Hedge Funds 7041132 F Limited Partnerships 4112660 F 17529056 Government Advances for Student Loans 1658575 Deposits held in custody 74571 Interest Rate Swap 575201 Asset Retirement Obligations 752500 3060847 61882101 47312861 14569240 2426644 -290313 2136331 16705571 46051369 2426644 -18255230 -15828586 61879955 2146 2146 61882101 29345798 19940 19940 29325858 17987003 17987003 47312861 Part V, Line 4: Description of Intended Use of Endowment Funds: Provide scholarships, professorships, and program support as designated by donors. Part XII, Line 2d, Other Adjustments: Loss on interest rate swap - (171,101) Scholarships Expense - (17,823,074) Change in value of split interest agreements - (97,126) Investment Fee Expense - (163,929) Part XII, Line 4b, Other Adjustments: Rental Expenses - (20,940) Noncash contributions - 22,086 Gain on Sale of Fixed Assets - 1,000 Part XIII, Line 2d, Other Adjustments: Rental Expenses - 20,940 Gain on sale of fixed assets - (1,000) Part XIII, Line 4b, Other Adjustments: Scholarships Expense - 17,823,074 Investment Fee Expense - 163,929 1 0 0 The organization has no advertising directly to students. The organization displays this policy in its catalogue and on registration materials. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 LENOIR-RHYNE UNIVERSITY STUDENTS RECEIVE A VARIETY OF FEDERAL AND STATE GRANTS AND LOANS, INCLUDING FEDERAL FAMILY EDUCATION LOANS, PELL GRANTS, STATE CONTRACTUAL SCHOLARSHIPS, AND NORTH CAROLINA LEGISLATIVE TUITION GRANTS. 1 X X X X X 0 None None 1 Scholarships and Fellowships to students 1467 17823074 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 239643 0 0 0 1121 0 13750 0 22586 0 277100 0 0 0 Larry M Hall 131476 0 0 0 552 0 7512 0 12684 0 152224 0 0 0 Neill R McGeachy 143018 0 0 0 3048 0 5815 0 7289 0 159170 0 0 0 Lenoir-Rhyne University 560556753 2008-03-13 17000000 See Schedule O. 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 1 Lynn Lail Trustee 6049 Hotels 0 Tom Reese Trustee 36502 Printing 0 X 5824 Fair Market Value X 17 582605 Fair Market Value X Furniture 3 6450 Fair Market Value X Lab eqiup. 1 3012 Fair Market Value X washer/dryer 1 600 Fair Market Value X hotel rooms 1 5000 Fair Market Value X Horse Equip. 1 1200 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 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. 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 51,600 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 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0