2011-03-25T13:19:15-05:00 2010-05-31 BDO USA LLP 7101 Wisconsin Ave Suite 800 Bethesda MD 208144827 990 2009-06-01 560529940 Campbell University Inc CAMP 9108931240 Post Office Box 97 Buies Creek NC 27506 JAMES O ROBERTS 9108931240 2011-03-25 1 Michael Sorrells CPA 3016544900 2009 2016-02-24 21:20:13Z JERRY M WALLACE Post Office Box 97 Buies Creek NC 27506 252125493 0 X www.campbell.edu X 1887 NC To graduate students with exemplary academic and professional skills who are prepared for purposeful lives and meaningful service. 45 43 2513 0 1809626 0 26725907 21950664 109126594 112568559 -12063049 2859495 4383128 3087800 128172580 140466518 39983107 42284476 0 45985819 46332727 0 2028261 38774546 43624508 124743472 132241711 3429108 8224807 323816910 373803342 67324420 96583028 256492490 277220314 To graduate students with exemplary academic and professional skills who are prepared for purposeful lives and meaningful service. 0 0 69382461 96894840 STUDENT EDUCATION SERVICES INCLUDING EDUCATION ADMINISTRATION AND INSTITUTIONAL SUPPORT. THE UNIVERSITY'S UNDERGRADUATE PROGRAMS SERVE APPROXIMATELY 4,000 FULL-TIME STUDENTS AND 1,150 PART-TIME STUDENTS. UNIVERSITY GRADUATE AND PROFESSIONAL PROGRAMS SERVE AN ADDITIONAL 2,350 FULL-TIME STUDENTS. 42284476 42284476 STUDENT AID TO QUALIFIED STUDENTS. 9105973 15673719 AUXILIARY ENTERPRISES INCLUDING STUDENT HOUSING, FOOD SERVICES, BOOKSTORE & OPERATION OF KEITH HILLS GOLF COURSE. 1723877 OTHER PROGRAM SERVICES INCLUDE SECURITY PROVIDED TO THE COMMUNITY, UNIVERSITY PERFORMING ARTS SERIES, COMMUNITY RELATIONS EXPENDITURES AND PAYMENTS TO ANNUITANTS UNDER CHARITABLE TRUST AGREEMENTS. 1723877 122496787 1 1 0 0 0 0 0 0 1 1 0 1 1 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 1 0 0 0 1 249 1 1 2513 1 1 1 0 0 0 0 1 1 0 0 0 45 43 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 NC X James O Roberts 9108931240 Post Office Box 97 Buies Creek NC 27506 CHARLES ALLARD 2.00 X 0 0 0 DAN ANDREWS 2.00 X 0 0 0 JACK BARNES 2.00 X 0 0 0 GUILFORD BASS 2.00 X 0 0 0 STEVE BOWDEN 1.00 X 0 0 0 WILLIAM E BYRD 2.00 X 0 0 0 HENRY CAPPS JR 2.00 X 0 0 0 CHARLES D CATO 2.00 X 0 0 0 ALLISON C COBB 2.00 X 0 0 0 SUZANNE COOK 2.00 X 0 0 0 MICHAEL CUMMINGS 2.00 X 0 0 0 HELEN CURRIN 2.00 X 0 0 0 PATSY DRUMMOND 2.00 X 0 0 0 KEN ETHERIDGE 2.00 X 0 0 0 LEWIS FETTERMAN SR 2.00 X 0 0 0 DEXTER FLOYD 3.00 X 0 0 0 JOE D FLOYD SR 3.00 X 0 0 0 JUDITH FOLWELL-WHITE 2.00 X 0 0 0 DAVID J HAILEY 2.00 X 0 0 0 Frank B Holding Sr 2.00 X 0 0 0 ESTER HOWARD 2.00 X 0 0 0 SCARLETT H HOWARD 2.00 X 0 0 0 GLENN INFINGER 2.00 X 0 0 0 JIMMY JACKSON 2.00 X 0 0 0 THOMAS J KEITH 3.00 X 0 0 0 ANNA DREW KIRK 2.00 X 0 0 0 CARLTON MARTIN 2.00 X 0 0 0 HUGH G MAXWELL III 3.00 X 0 0 0 BERNARD F MCLEOD JR 2.00 X 0 0 0 PETE MURPHY 2.00 X 0 0 0 SADIE NEEL 2.00 X 0 0 0 SANDY PATTERSON 2.00 X 0 0 0 P C PURVIS 1.00 X 0 0 0 MILFORD R QUINN 3.00 X 0 0 0 CLYDE RHYNE 1.00 X 0 0 0 WILLARD D SMALL 2.00 X 0 0 0 CHARLOTTE C SMITH 2.00 X 0 0 0 HENRY L SMITH 3.00 X 0 0 0 ROBERT SOLES SR 0.50 X 0 0 0 LUTHER D STARLING JR 2.00 X 0 0 0 JAMES R STRICKLAND JR 2.00 X 0 0 0 SAMUEL SUE 2.00 X 0 0 0 STUART SURLES 3.00 X 0 0 0 HAROLD WELLS SR 3.00 X 0 0 0 LUBY E WOOD 3.00 X 0 0 0 JERRY M WALLACE 65.00 X 340460 0 29936 JAMES O ROBERTS 50.00 X 108839 0 13771 ROBERT C COGSWELL 45.00 X 94907 0 9176 ROBERT J BARKER 5.00 X 0 0 0 FREDERICK H TAYLOR 5.00 X 0 0 0 BENJAMIN THOMPSON 3.00 X 0 0 0 ROGERS CLARK 3.00 X 0 0 0 MELISSA ESSARY 65.00 X 258960 0 25853 RONALD MADDOX 50.00 X 223240 0 22995 PATRICK HETRICK 50.00 X 159900 0 17928 RICHARD LORD 60.00 X 158680 0 17830 JAMES MCLAUGHLIN 35.00 X 157920 0 17769 RAYMOND A BRYAN JR X 0 0 0 1502906 0 155258 37 0 1 0 LITTLE & ASSOCIATES ARCHITECTS 5815 WESTPARK DR CHARLOTTE NC 28217 ARCHITECTURAL/DESIGN 1504676 SMALL KANE WEBSTER CONLEY ARCHITECTS PA 3105 GLENWOOD AVE RALEIGH NC 27612 ARCHITECTURAL/DESIGN 765415 PARISH GROUP 8 CRESCENT COURT WEAVERVILLE NC 28787 PUBLICATIONS/ENROLLMENT DATA 567435 ERNST & YOUNG LLP 4130 PARK LAKE AVE 500 RALEIGH NC 27612 AUDIT/TAX 360250 TRI-TRONICS PROFESSIONAL PO BOX 1055 LILLINGTON NC 27546 ELECTRONICS 196699 6 14423576 7527088 957261 21950664 Tuition & Fees 900099 96319426 96319426 Auxiliary Enterprises 713910 15673719 14648408 1025311 Schools & Camps 611710 575414 443099 132315 112568559 2381358 2381358 3793 3793 142284 142284 142284 67869 74415 112007884 111533540 474344 474344 474344 50200 28370 21830 21830 77683 97065 -19382 -19382 Tunku Abdul Rahman Inc 900099 623570 623570 Pharmacy Analytical La 541380 596967 596967 1722531 1722531 2943068 140466518 111478802 1809626 5227426 42284476 42284476 573089 346396 226693 37894724 36005619 878376 1010729 2066167 1918035 80177 67955 3002652 2771180 121736 109736 2796095 2634374 84342 77379 137840 137840 278078 278078 1370228 1076879 273794 19555 686169 512400 22024 151745 884199 739478 125889 18832 1111781 1047443 64338 7384174 7070502 263416 50256 2074332 2028907 16782 28643 369971 326381 34686 8904 1238119 1238119 7987961 7987961 3275079 1036316 2228427 10336 Auxiliary enterprises 5894220 5894220 Institutional support 5483187 3699051 1641946 142190 Instructional Services 3172402 3172402 Academic support 1131939 919172 212767 Pmts to annuitants 529120 529120 615709 496475 119234 132241711 122496787 7716663 2028261 6238 5002 19315241 40381900 10152322 8122739 5363831 5733189 6863109 4509815 991402 877348 17710 16680 263670450 59548751 187659899 204121699 91929445 106496810 64427 91678 1453286 3446482 323816910 373803342 4003991 5341579 2240314 3110252 16885000 69155000 29460671 2080581 14734444 16895616 67324420 96583028 X 150953226 172314536 41007312 34834009 64531952 70071769 256492490 277220314 323816910 373803342 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 93538443 3670701 12838493 2264209 107783428 118400215 2557155 -25110651 2308276 93538443 0.64690 0.35310 0 0 1129000 16218565 17347565 184603935 34806994 149796941 40372 19174 21198 17110373 11745424 5364949 44568205 12977159 31591046 204121699 ADVANCES AND DEPOSITS 3718960 ANNUITIES PAYABLE 3797581 ADVANCES FROM GOVT FOR FEDERAL LOANS 3174481 SWAP DERIVATIVES 3538979 OTHER 2665615 16895616 Part V, Line 4: Description of Intended Use of Endowment Funds: THE MISSION OF CAMPBELL UNIVERSITY'S ENDOWMENT IS TO SUPPORT THE UNIVERSITY'S ACTIVITIES IN PERPETUITY WHILE MAINTAINING INTERGENERATIONAL EQUITY. OVER THE YEARS, THE GROWTH OF THE ENDOWMENT HAS ENABLED THE UNIVERSITY TO IMPROVE FINANCIAL AID PACKAGES, BUILD THE FACULTY, LAUNCH PROGRAMS AND SUPPORT A WIDE RANGE OF IMPORTANT NEEDS. THE PURPOSE OF THE BULK OF THE UNIVERSITY'S ENDOWMENT IS TO PROVIDE MERIT AND NEED-BASED SCHOLARSHIPS TO STUDENTS. FUNDING IS ALSO PROVIDED BY THE ENDOWMENT FOR PROFESSORSHIPS AND LECTURE SERIES. Part X: Description of Uncertain Tax Positions Under FIN 48: THERE WAS NO IMPACT FROM THE ADOPTION OF ASC 740 ON THE FINANCIAL STATEMENTS AS OF MAY 31, 2010. 1 1 1 CAMPBELL UNIVERSITY AFFIRMS ITS STANDING POLICY OF NONDISRIMINATION IN EMPLOYMENT AND IN ALL ITS PROGRAMS AND ACTIVITIES, WITH RESPECT TO RACE, CREED, COLOR, SEX, AGE, RELIGION, NATIONAL ORIGIN, OR THE HANDICAPPED. THE NONDISCRIMINATION POLICY IS PRINTED IN THE UNIVERSITY'S CATALOGS. THE UNIVERSITY HAS NOT INCLUDED ITS STATEMENT ON RACIAL NONDISCRIMINATION IN NEWSPAPER PRINT ADS OR VIA BROADCAST MEDIA. HOWEVER, PHOTOGRAPHS AND VIDEO FOOTAGE ARE CAREFULLY SELECTED TO DEMONSTRATE A RACIALLY DIVERSE STUDENT BODY. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 CAMPBELL UNIVERSITY RECEIVES THE FOLLOWING FEDERAL AID: FEDERAL WORK - STUDY PROGRAM PELL GRANT, SUPPLEMENTAL EDUCATION OPPORTUNITY GRANT, PERKINS LOAN ACADEMIC COMPETITIVENESS GRANT, FEDERAL FAMILY EDUCATION LOANS. NATIONAL SCIENCES & MATHEMATICS ACCESS TO RETAIN TALENT GRANT U.S. DEPARTMENT OF DEFENSE: RESERVE OFFICER TRAINING CORPS.U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES: CENTERS FOR DISEASE CONTROL AND PREVENTION- FEDERAL H1N1/PHER FUNDSCAMPBELL UNIVERSITY RECEIVES THE FOLLOWING STATE OF NORTH CAROLINA AID PASS-THROUGH FROM FEDERAL AGENCIES: NC DEPARTMENT OF CRIME CONTROL & PUBLIC SAFETY: JUVENILE ACCOUNTABILITY INCENTIVE BLOCK GRANTS.CAMPBELL UNIVERSITY RECEIVES THE FOLLOWING STATE AID: NC STATE LEGISLATIVE TUITION GRANT, NC STATE CONTRACTUAL LEGISLATIVE GRANT EDUCATION ACCESS REWARDS NC SCHOLARS FUND NC LOTTERY GRANT, NC HEALTH SCIENCE AND MATH 1 50200 20000 8370 0 50200 20000 8370 28370 21830 NC 0 REVERSE RAFFLE IS NOT A REGULAR EVENT HELD BY THE UNIVERSITY. THIS WAS THE ONLY EVENT OF ITS TYPE HELD DURING THE TAX YEAR._ 0 0 0 1.00000 DENNIS BAZEMORE INTERIM ATHLETIC D PO BOX 95 BUIES CREEK NC 27506 0 0 1 INSTITUTIONAL AID 2692 23617046 DIRECT AID SCHOLARSHIPS 382 1462618 ENDOWED SCHOLARSHIPS 1173 2264209 STATE FUNDS FOR UNIVERSITY STUDENTS 4781 9186720 FEDERAL FUNDS FOR UNIVERSITY STUDENTS 4736 5753883 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: CAMPBELL UNIVERSITY PARTICIPATES IN BOTH FEDERAL AND STATE GRANT PROGRAMS. ALL GRANT PROGRAMS INCLUDE ELIGIBILITY REQUIREMENTS, REPORTING REQUIREMENTS AND FUND MANAGEMENT REGULATIONS AND GUIDELINES. STUDENTS ARE AWARDED ACCORDING TO EACH PROGRAM'S GUIDELINES ONCE ELIGIBILITY HAS BEEN DETERMINED FOR THAT FUND. ELIGIBILITY IS REVIEWED BEFORE TRANSMITTAL/DISBURSEMENT TO THE STUDENT'S ACCOUNT. EACH FEDERAL AND STATE PROGRAM HAS PREDETERMINED REPORTING GUIDELINES AND STANDARDS. THE FUNDS ARE RECONCILED AND FUND BUDGETS ARE REVIEWED MONTHLY. X 1 1 X X X 0 0 0 0 0 0 0 0 0 JERRY M WALLACE 316200 0 0 0 24260 0 24800 0 5136 0 370396 0 0 0 MELISSA ESSARY 258960 0 0 0 0 0 20717 0 5136 0 284813 0 0 0 RONALD MADDOX 223240 0 0 0 0 0 17859 0 5136 0 246235 0 0 0 PATRICK HETRICK 159900 0 0 0 0 0 12792 0 5136 0 177828 0 0 0 RICHARD LORD 158680 0 0 0 0 0 12694 0 5136 0 176510 0 0 0 JAMES MCLAUGHLIN 157920 0 0 0 0 0 12633 0 5136 0 175689 0 0 0 Part I, Line 1a UNIVERSITY LEASES THE HOME OF THE PRESIDENT OF THE UNIVERSITY, DR. JERRY M. WALLACE, AND REIMBURSES DR. WALLACE FOR SOME EXPENSES OF THE HOME. FORM 1099-M WAS ISSUED IN 2009 TO REPORT RENTAL INCOME OF $24,000 TO DR. WALLACE. Noth Carolina Capital Facilities Finance Agency 561592154 65818PHHS 2009-08-20 70000000 Non Hospital (Section 145 (B)) 0 0 70000000 16887928 35402684 172600 34424716 2012 1 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 WILLIAM E BYRD TRUSTEE-GRANDCHILD IS STUDENT SCHOLARSHIP Amount $ 4600. RAYMOND A BRYAN JR FORMER OFFICER, BD OF TRUSTEES 14615217 BRYAN IS CHAIRMAN OF THE BOARD OF T.A. LOVING COMPANY, INC. AND THE UNIVERSITY CONTRACTS WITH THE COMPANY ON MAJOR CONSTRUCTION PROJECTS. 0 Frank B Holding Sr TRUSTEE 125600000 FRANK B. HOLDING, SR. IS EXECUTIVE VICE-CHAIRMAN OF FIRST CITIZENS BANK WITH WHICH THE UNIVERSITY HOLDS VARIOUS CASH, CD AND TRUST ACCOUNTS TOTALING $35.5 MILLION. THE UNIVERSITY ALSO INVESTS ENDOWMENT AND OTHER FUND ASSETS WITH FIRST CITIZENS BANK IN MANAGING AGENT ACCOUNTS TOTALING $90.1 MILLION. 0 X 27 369021 FMV X 2 151240 Opinions of expert X 1 437000 Appraisal 0 0 0 Form 990, Part VI, Section B, line 11 THE UNIVERSITY PROVIDED DRAFT COPIES OF FORM 990 FOR THE YEAR ENDED 5/31/10 TO ALL VOTING MEMBERS OF THE BOARD OF TRUSTEES. THE COPIES WERE SENT IN ONE OF TWO MANNERS, ELECTRONICALLY VIA EMAIL AND BY FACSIMILE TO TRUSTEES WITHOUT EMAIL ACCESS. ALL MEMBERS WERE REQUESTED TO RESPOND TO THE VICE-PRESIDENT FOR BUSINESS AND TREASURER CONFIRMING REVIEW AND WITH APPROVAL FOR FILING. DETAILED REVIEW WAS COMPLETED BY THE UNIVERSITY'S VICE-PRESIDENT FOR BUSINESS AND TREASURER, COMPTROLLER AND ASSISTANT COmptroller prior to the release of the draft to the trustees and before submission to the irs. Form 990, Part VI, Section B, line 12c MEMBERS OF THE BOARD OF TRUSTEES ABSTAIN FROM VOTING IF THE VOTE INVOLVES: 1) AN ENTITY IN WHICH THE TRUSTEE HAS A MATERIAL FINANCIAL INTEREST OR IN WHICH THE TRUSTEE IS A GENERAL PARTNER OF A PARTY TO A TRANSACTION WITH THE UNIVERSITY; OR 2) ANOTHER ENTITY OF WHICH THE TRUSTEE IS A BOARD MEMBER OR AN OFFICER AND WHEN THE ENTITY IS A PARTY TO THE TRANSACTION AND THE TRANSACTION IS OR SHOULD BE CONSIDERED BY THE BOARD. additionally, the university requests each member of its board of trustees complete a "conflict of interest disclosure questionnaire". these are reviewed by the vice-president for business and treasurer. Form 990, Part VI, Section B, line 15 THE PRESIDENT'S COMPENSATION IS REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. AN EVALUATION OF THE PRESIDENT'S PERFORMANCE IN ALL AREAS OF RESPONSIBILITY IS COMPLETED AND DOCUMENTED. A COMPARISON OF PERFORMANCE BETWEEN YEARS IS REVIEWED. EXTERNAL AND PUBLISHED DATA FROM PEER INSTITUTIONS IS REVIEWED FOR REASONABLENESS OF COMPENSATION. THE PRESIDENT OF THE UNIVERSITY ANNUALLY REVIEWS COMPENSATION USING PUBLISHED SALARY INFORMATION COMPILED BY THE NC ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES FOR COMPARABILITY. BUDGET IS APPROVED BY THE UNIVERSITY'S BOARD OF TRUSTEES. Form 990, Part VI, Section C, line 19 DOCUMENTS ARE RETAINED IN THE OFFICE OF THE VICE-PRESIDENT FOR BUSINESS AND TREASURER. THE OFFICE IS OPEN DURING REGULAR BUSINESS HOURS. DOCUMENTS ARE AVAILABLE UPON REQUEST IN PERSON OR UPON WRITTEN REQUEST. Form 990, Part XI, Line 2c Oversight of audit There have been no changes during the year in the process for oversight of the audit of the financial statements. CAMPBELL UNIVERSITY FOUNDATION INC PO BOX 97 BUIES CREEK NC 27506 680620773 FUNDRAISING NC 501(C)(3) Line 11a, I N/A 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0