2011-04-18T13:50:18-05:00 2010-05-31 SMITH LEONARD PLLC 4035 PREMIER DRIVE SUITE 300 HIGH POINT NC 27265 990 2009-06-01 560529999 High Point University HIGH 3368419000 833 Montlieu Avenue High Point NC 27262 WILLIAM H DUNCAN 3368419000 2011-04-05 1 ADDISON R MAILLE 3368830181 2009 2016-02-24 21:20:13Z WILLIAM H DUNCAN 833 Montlieu Avenue High Point NC 27262 123219659 0 X www.highpoint.edu X Exempt Organization 1928 NC EDUCATION OF COLLEGE STUDENTS 49 49 1576 0 19796 18796 11286245 4744063 78338730 98440471 215070 1812118 103826 224012 89943871 105220664 14051458 15885539 0 23033511 26112335 0 234402 40292212 54432553 77377181 96430427 12566690 8790237 323695906 351549324 168718992 184431906 154976914 167117418 HIGH POINT UNIVERSITY'S PRIMARY MISSION IS TO PROVIDE HIGHER EDUCATION TO STUDENTS UNDER A COLLEGE DEGREE PROGRAM. THE ORGANIZATION ALSO HAS PROGRAMS THAT PROVIDE ROOM, BOARD, BOOKS AND INTERCOLLEGIATE ATHLETIC ACTIVITES TO STUDENTS. THESE PROGRAMS PROVIDE SERVICES AND ACTIVITIES FOR STUDENTS WHICH ARE AN INTEGRAL PART OF THE INSTITUTION'S EXEMPT PURPOSES. 0 0 46673958 15885539 67772836 EDUCATION OF COLLEGE STUDENTS 1933861 4852950 ADULT CONTINUING EDUCATION 48607819 1 1 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 1 151 0 1 1576 1 1 1 1 CJ 0 0 0 1 1 0 0 0 49 49 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NC X HIGH POINT UNIVERSITY 3368419000 833 MONTLIEU AVENUE HIGH POINT NC 27260 Elizabeth Aldridge 0.00 X 0 0 0 Katherine M Boles 0.00 X 0 0 0 L Paul Brayton 0.00 X 0 0 0 Robert J Brown 0.00 X 0 0 0 Richard P Budd 0.00 X 0 0 0 Lynne Caldwell 0.00 X 0 0 0 Doris R Coggin 0.00 X 0 0 0 Earl Congdon 0.00 X 0 0 0 Floyd T Craven 0.00 X 0 0 0 Robert G Culp III 0.00 X 0 0 0 James L Cresimore 0.00 X 0 0 0 William G Ervin 0.00 X 0 0 0 John Finch 0.00 X 0 0 0 Christopher L Henson 0.00 X 0 0 0 David L Francis 0.00 X 0 0 0 Thomas S Haggai 0.00 X 0 0 0 C Felix Harvey III 0.00 X 0 0 0 Donald W Haynes 0.00 X 0 0 0 David R Hayworth 0.00 X 0 0 0 W R Henderson 0.00 X 0 0 0 Carter T Holbrook JR 0.00 X 0 0 0 Tom E Ingram 0.00 X 0 0 0 Gene C Kester 0.00 X 0 0 0 William V Kester Jr 0.00 X 0 0 0 Miriam O Kimsey 0.00 X 0 0 0 Katherine K Maynard 0.00 X 0 0 0 Meredith S Michener 0.00 X 0 0 0 James H Millis Jr 0.00 X 0 0 0 Adnan M Mjalli 0.00 X 0 0 0 Charles L Myers 0.00 X 0 0 0 Mark A Norcross 0.00 X 0 0 0 Clarence H Ridley 0.00 X 0 0 0 Darrell L Sechrest 0.00 X 0 0 0 Charles M Shelton Jr 0.00 X 0 0 0 John C Slane 0.00 X 0 0 0 Marsha B Slane 0.00 X 0 0 0 Orlando H Smith 0.00 X 0 0 0 Thomas B Stockton 0.00 X 0 0 0 Ashley Crowder Stanley 0.00 X 0 0 0 J Robert Stout 0.00 X 0 0 0 Robert E Stroupe 0.00 X 0 0 0 Richard F Vert 0.00 X 0 0 0 Randolph P Waughn 0.00 X 0 0 0 Coy O Williard Jr 0.00 X 0 0 0 Charles W Wilson II 0.00 X 0 0 0 Frederick Wilson 0.00 X 0 0 0 Plato S Wilson 0.00 X 0 0 0 William F Womble 0.00 X 0 0 0 W Vann York 0.00 X 0 0 0 NIDO QUBEIN 40.00 X 1366054 0 0 ANDREW BILLS 40.00 X 181141 0 0 Dennis Carroll 40.00 X 167962 0 0 Don Scarborough 40.00 X 156281 0 0 Chris Dudley 40.00 X 148125 0 0 William Duncan 40.00 X 135115 0 0 Gail Tuttle 40.00 X 130668 0 0 WeLLINGTON DESOUZA 40.00 X 130455 0 0 Scott Cherry 40.00 X 126990 0 0 Mariann Tillery 40.00 X 125252 0 0 Craig KEILITZ 40.00 X 124552 0 0 James Wehrley 40.00 X 124296 0 0 JAMES STITT 40.00 X 114951 0 0 JACOB MARTINSON 0.00 X 65339 0 0 3097181 0 0 13 1 1 0 Frank L Blum Construction PO Box 4153 winstonSalem NC 27115 Construction 22896189 Aramark Services 1101 Market Street Philadelphia PA 19107 Food Service 7403343 Budd Group 125 Budd Boulevard WinstonSalem NC 27103 Maintenance Services 3323057 Balentine Equipment PO Box 476 Greenville SC 29602 Restaurant Equipment 1635554 RK Stewart & Son Inc PO Box 1936 High Point NC 27261 Construction 1251559 77 1942052 2802011 4744063 STUDENT TUITION & FEES 611710 72625786 72625786 RESIDENCE HALL FEES 721310 13591845 13591845 CAFETERIA/MEALS 722210 11449390 11449390 INTERCOLLEGIATE ATHLET 611710 493882 493882 BOOKSTORE 611710 268299 268299 11269 11269 98440471 2155713 2135917 19796 17655400 17998995 -343595 -343595 -343595 SUMMER CONFERENCES & O 611710 224012 224012 224012 105220664 100456805 19796 0 15885539 15885539 2585829 2585829 19562801 18764560 798241 1514000 1514000 2449705 2287814 161891 177280 177280 11925 11925 641982 466034 175948 644826 644826 4018859 4018859 14621617 14621617 Equipment Rental 10456104 10456104 Miscellaneous 4727422 1724770 3002652 Utilities 3614510 1903449 1711061 Supplies 2885992 2885992 Security 2460318 2460318 10171718 2518910 7418406 234402 96430427 48607819 47588206 234402 6398483 6219245 3430615 3015351 9743102 5528079 3929297 4326120 387778 654225 358676200 66174989 223809191 292501211 29660820 32701353 46336620 6603740 323695906 351549324 20575077 12786838 143837186 166374920 4306729 5270148 168718992 184431906 X 115739579 126873740 7593090 7085539 31644245 33158139 154976914 167117418 323695906 351549324 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 785021 0 0 X 0 26371135 26371135 260935439 35414764 225520675 21459015 3433535 18025480 49910611 27326690 22583921 292501211 ART COLLECTION 785021 C INSURANCE CONTRACT 309755 C CORPORATE STOCKS, BONDS & NOTE 31606577 F 32701353 DEFERRED INCOME 3313805 DEPOSITS HELD IN CUSTODY 285435 FEDERAL & STATE STUDENT LOAN MONIES 1670908 5270148 105220664 96430427 8790237 3350267 3350267 12140504 108570930 3350266 3350266 105220664 0 105220664 80544888 0 80544888 15885539 15885539 96430427 Part XI, Line 8 - Other Adjustments: NET UNREALIZED GAIN/(Loss) ON INVESTMENTS: 4010072. Change in interest rate swap: -510007. Other Non-Operating Assets used in Operations: -149798. Part XII, Line 2d - Other Adjustments: UNREALIZED GAIN/(Loss) ON INVESTMENTS: 4010071. Interest Rate Swap: -510007. Non Assets Used in Operation: -149798. Part XIII, Line 4b - Other Adjustments: GRANTS AND ALLOCATIONS: 15885539. 1 1 1 ALL BROADCASTS & PUBLISHED STATEMENTS FOLLOW THE GUIDELINES PER REVENUE PROCEDURE 75-50 AND ARE DISSEMINATED TO ALL SEGMENTS OF THE GENERAL COMMUNITY SERVED BY THE SCHOOL. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 SCHEDULE A, PART V, QUESTION 34A:HIGH POINT UNIVERSITY RECEIVES THE FOLLOWING FINANCIAL AID OR ASSISTANCE FROM GOVERNMENTAL AGENCIES: U.S. DEPARTMENT OF EDUCATION: FEDERAL PROGRAMS: FEDERAL SUPPLEMENTAL EDUCATION OPPORTUNITY GRANT FEDERAL FAMILY EDUCATION LOAN PROGRAM FEDERAL WORK-STUDY PROGRAM FEDERAL PERKINS LOAN PROGRAM FEDERALL PELL GRANT PROGRAM COLLEGE FACILITIES PROGRAM DIRECT LOAN PROGRAM STATE PROGRAMS: STATE CONTRACTUAL SCHOLARSHIP FUND NORTH CAROLINA LEGISLATIVE TUITION GRANT NORTH CAROLINA STATE STUDENT INCENTIVE GRANT 1 1 Various Scholarships & Student Aid 15885539 FMV Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: High Point University awards various scholarships to students to determine that recipients qualify to receive payments. X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 NIDO QUBEIN 486775 0 10647 0 868632 0 13400 0 11359 0 1390813 0 0 0 ANDREW BILLS 172505 0 3800 0 4836 0 5542 0 9167 0 195850 0 0 0 Dennis Carroll 163567 0 3500 0 895 0 8167 0 1026 0 177155 0 0 0 Don Scarborough 152035 0 3146 0 1100 0 7341 0 4444 0 168066 0 0 0 JACOB MARTINSON 65339 0 0 0 0 0 0 0 0 0 65339 0 0 0 perry Keziah trustee of the organization 5752 Perry Keziah is a member of keziah, gates, and samet, a legal group, that provides legal counsel for high point university. 0 joe budd son of Richard Budd, a trustee of the Organization 3323057 Joe Budd is president of Budd Group that is contracted to perform maintenance, grounds keeping and janitorial services for high point university. 0 deena and ramsey qubein children of President of the Organization 325000 Deena and Ramsey Qubein own creative services, a public relation firm doing business with high point university since 1994, 11 years before the current president took office. 0 deena and ramsey qubein children of President of the Organization 659552 Deena and Ramsey Qubein own Mcneill Lehman, a public relation firm doing business with high point university since 1994, 11 years before the current president took office. 0 vann york auto mall company owned by trustee of the organization 6738 high point university purchases vehicles from vann york auto mall. 0 bb&t President of organization is on the board of directors of BB&T 5632616 high point university does banking and has a line of credit with BB&T. 0 coy willard Board member of the organization 349178 Partner in construction company that is building a fence around campus. 0 X 2 0 X 3 0 X Furniture 1 0 X services 3 0 0 0 1 Third Party Use: Part I, Line 32b: Occasionally the organization receives real estate as a gift and will hire an independant real estate agent to sell the property. Non Reporting of Revenue: Part I, Line 33: The organization used the non-cash contributions for its exempt purpose and so no revenue was generated. Form 990, Part VI, Section A, line 2 President Nido Qubein is chairman and vice president; Andrew Bills is a director of great harvest bread company. Form 990, Part VI, Section B, line 11 The tax return preparer provides the organization's governing body a copy of Form 990 to be filed with the Internal Revenue Service for the review of the accuracy of the information reported on the Form 990. Form 990, Part VI, Section B, line 12c Each officer of the organization is required to sign a conflict of interest statement agreement. Form 990, Part VI, Section B, line 15a Independent consulting firm was hired to initially review the compensation package and continues to provide ongoing guidance. 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 XI, Line 2C The process to maintain an oversight of the audit of the financial statements of the organization and selection of an independent auditor has not changed from the prior year.