2024-05-15T15:29:20-05:00 2023-06-30 593070669 MSL PA 255 S ORANGE AVENUE SUITE 600 ORLANDO FL 32801 990 2022-07-01 590704726 BETHUNE-COOKMAN UNIVERSITY BETH 3864812042 640 DR MARY MCLEOD BETHUNE BLVD DAYTONA BEACH FL 32114 JAMES CLEVELAND VP OF FISCAL AFFAIRS/CFO 3864812042 2024-05-15 1 JAMES CLEVELAND 999009999 0 KURT A ALTER CPA P00059492 4077405400 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z DR WILLIAM BERRY 640 DR MARY MCLEOD BETHUNE BLVD DAYTONA BEACH FL 32114 102222024 0 X WWW.COOKMAN.EDU X 1904 FL TO SERVE THE EDUCATIONAL, SOCIAL, AND CULTURAL NEEDS OF ITS STUDENTS. 10 10 959 2 0 0 64636643 32265296 62224703 65797637 3773058 4118301 51505 40790 130685909 102222024 21876580 17641196 0 0 33955981 37889145 0 0 1661824 55770848 46696044 111603409 102226385 19082500 -4361 228821796 231294562 101388414 103564021 127433382 127730541 X THE MISSION OF BETHUNE-COOKMAN UNIVERSITY IS TO EDUCATE A DIVERSE COMMUNITY OF LEARNERS TO BECOME RESPONSIBLE, PRODUCTIVE CITIZENS AND SOLUTION SEEKERS THROUGH THE PROMOTION OF FAITH, SCHOLARSHIP, CREATIVE ENDEAVORS, LEADERSHIP AND SERVICE. 0 0 34315921 38207280 INSTRUCTION: BETHUNE-COOKMAN UNIVERSITY HAS FOUR ACADEMIC COLLEGES: BUSINESS & ENTREPRENEURSHIP; ARTS AND HUMANITIES; NURSING AND HEALTH SCIENCES; SCIENCE, ENGINEERING & MATHEMATICS TO AWARD BACHELOR'S AND MASTER'S DEGREES. 17641196 17641196 STUDENT AID: GRANTS AND SCHOLARSHIPS WERE PROVIDED TO STUDENTS BASED ON ACADEMIC AND ATHLETIC ACHIEVEMENT, AND FINANCIAL NEED. THE UNIVERSITY ALSO PARTICIPATES IN VARIOUS FEDERAL AND STATE PROGRAMS OFFERING FINANCIAL AID TO STUDENTS. 25111577 25169265 AUXILIARY SERVICES: THROUGH ITS FOOD SERVICES DEPARTMENT, MEAL PLANS ARE PROVIDED FOR STUDENTS LIVING ON CAMPUS. A CAFETERIA, IN ADDITION TO A STARBUCKS CAFE AND WORLD OF WINGS ARE ALSO AVAILABLE FOR OFF-CAMPUS STUDENTS, FACULTY AND VISITORS. VARIOUS ATHLETIC PROGRAMS ARE ALSO OFFERED FOR STUDENTS. THE UNIVERSITY ALSO MAINTAINS SEVEN RESIDENCE HALLS THAT PROVIDE FULL LIVING FACILITIES FOR APPROXIMATELY 1,800 STUDENTS. ALL RESIDENCE HALLS ARE CONNECTED TO THE INTERNET. THE BOOKSTORE OFFERS TEXTBOOKS AND OTHER SUPPLIES FOR THE STUDENTS. 9584240 2461882 STUDENT SERVICES: STUDENTS ARE INVOLVED IN A VARIETY OF CULTURAL AND SOCIAL PROGRAMS TO ENRICH THEIR EDUCATIONAL EXPERIENCES. SUPPORT FOR STUDENTS WITH LEARNING AND PHYSICAL DISABILITIES ARE ALSO PROVIDED. VARIOUS COMPUTER LABS AND A 24-HOUR LIBRARY ARE OPEN TO ALL STUDENTS TO SUPPORT THEIR EDUCATIONAL EXPERIENCE. BETHUNE-COOKMAN UNIVERSITY ALSO HAS A ROTC OFFICE AVAILABLE TO STUDENTS. 9584240 2461882 86652934 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 959 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X JAMES CLEVELAND 3864812042 640 DR MARY MCLEOD BETHUNE BLVD DAYTONA BEACH FL 32114 BELVIN PERRY JR ESQUIRE CHAIRMAN 1.00 X X 0 0 0 JOYOURS PETE GAMBLE VICE CHAIR 1.00 X X 0 0 0 JENNIER ADAMS SECRETARY 1.00 X X 0 0 0 JEFFREY E BRANCH TRUSTEE 1.00 X 0 0 0 DEVERON GIBBONS TRUSTEE 1.00 X 0 0 0 DAVID BREWER TRUSTEE 1.00 X 0 0 0 LORENZO BROWN TRUSTEE 1.00 X 0 0 0 JOHN CROSSMAN TRUSTEE 1.00 X 0 0 0 COURTNEY RHODES TRUSTEE 1.00 X 0 0 0 JOHN A WILLIAMS TRUSTEE 1.00 X 0 0 0 DR WILLIAM BERRY ACTING PRESIDENT/SR. VP (BEG. 05/23) 40.00 X 226627 0 132 REGINALD THEUS ATHLETICS DIRECTOR/HEAD BASKETBALL COACH 40.00 X 400000 0 0 ANTHONY JONES VP OF ENROLLMENT MANAGEMENT 40.00 X 210000 0 13357 TERRY E SIMS HEAD FOOTBALL COACH 40.00 X 206627 0 11217 NARENDRA H PATEL SENIOR ADVISOR TO THE PRESIDENT 40.00 X 186127 0 13278 DONOVAN V WELLS BAND DIRECTOR 40.00 X 181627 0 19919 VALENCIA GALLON-STUBBS GENERAL COUNSEL 40.00 X 171627 0 9935 HERBERT THOMPSON DEAN 40.00 X 156627 0 21338 DR HIRAM C POWELL PRESIDENT (END 06/22) 40.00 X 327190 0 22379 JOHN PITTMAN CFO/VP BUSINESS AFFAIRS (END 07/22) 40.00 X 221627 0 0 LAWRENCE DRAKE ACTING PRESIDENT (END 05/23) 40.00 X 173385 0 0 FRANKLIN E PATTERSON VP OF IT (END 06/22) 40.00 X 221319 0 5293 2682783 0 116848 27 1 1 0 SODEXO INC & AFFILIATES PO BOX 536922 ATLANTA GA 30353 FOOD SERVICE AND MAINTENANCE 12230869 CONSTRUCT TWO GROUP 254 SOUTH ORTMAN DR ORLANDO FL 32811 CONSTRUCTION/BUILDING IMPROVEMENT/MGMT 4982985 TRANE US INC PO BOX 406469 ATLANTA GA 30384 HVAC 1515236 SCG FIELDS LLC 10303 BRECKSVILLE ROAD BRECKSVILLE OH 44141 SPORTS CONTRUCTION 880965 JENZABAR INC PO BOX 55018 BOSTON MA 02205 SOFTWARE CONSULTING 840150 30 25656241 6609055 32265296 TUITION & FEES 611710 38207280 38207280 AUXILIARY ENTERPRISES 611710 25169265 25169265 OTHER PROGRAM SERVICE REVENUE 611710 2421092 2421092 65797637 610154 610154 40790 0 40790 40790 40790 3508147 0 3508147 3508147 3508147 102222024 65838427 0 4118301 17641196 17641196 2826960 943582 1883378 29942697 25112620 3991822 838255 234221 154029 75338 4854 2755466 2203360 518666 33440 2129801 1575401 534914 19486 674616 184000 488126 2490 108250 108250 28692 28692 5275174 3801294 1336142 137738 365979 131854 12269 221856 4102609 2829134 1259774 13701 3834761 1537726 2257723 39312 14042225 13738165 304060 4015416 3431778 232946 350692 2033483 1794317 239166 5014739 4396161 618578 STUDENT FOOD SERVICE 7200100 7178317 21783 102226385 86652934 13911627 1661824 32299919 13354261 4589171 16118785 1431938 1805032 337429 335839 240657382 99346460 137142824 141310922 40423544 44222687 12596971 14147036 228821796 231294562 4142928 7796213 1183176 3036150 93669688 90306616 2392622 2425042 101388414 103564021 X 97373336 95492739 30060046 32237802 127433382 127730541 228821796 231294562 -4361 301520 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 33794414 103604 2527384 92958 28692 36303752 34996645 418469 -1143507 418469 58724 33794414 28200894 484386 6871769 481654 78750 34996645 28892137 421039 -884214 72510 155558 28200894 41566015 401757 1165303 14153223 87715 28892137 0.14000 0.86000 0 0 7823250 7823250 200941182 79594155 121347027 26065751 19752305 6313446 5827199 5827199 141310922 EQUITY INDEX FUND 19730940 F SHORT-TERM INVESTMENT FUNDS 18449603 F HIGH QUALITY BOND FUND 6017115 F LOAN DUE FROM FUM FOUNDATION 25029 F 44222687 OTHER ASSETS 10545 ESCROWS AND SINKING FUNDS 11369197 BENEFICIARY INTEREST IN TRUSTS 399957 OPERATING LEASE RIGHT OF USE ASSETS 2367337 14147036 STUDENT DEPOSITS 24151 DEPOSITS 19068 OPERATING LEASE RIGHT OF USE LIABILITIES 2367337 STUDENT REFUNDS PAYABLE 14486 2425042 X 84882348 301520 -17641196 -17339676 102222024 0 102222024 84585189 0 84585189 17641196 17641196 102226385 PART V, LINE 4: THE UNIVERSITY'S ENDOWED ASSETS CONSIST OF APPROXIMATELY 183 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES SUCH AS ACQUISITION AND MAINTENANCE OF BUILDING AND EQUIPMENT, STUDENT AID, AND OTHER EDUCATIONAL AND GENERAL OPERATIONS. THE ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. PART X, LINE 2: THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE UNIVERSITY MAY, FROM TIME TO TIME, ENGAGE IN ACTIVITIES SUBJECT TO UNRELATED BUSINESS INCOME TAX. HOWEVER, TAXES ON UNRELATED BUSINESS ACTIVITIES HAVE NOT BEEN MATERIAL TO THE FINANCIAL STATEMENTS. ACCORDINGLY, NO PROVISION OR LIABILITY FOR INCOME TAXES IS INCLUDED IN THE FINANCIAL STATEMENTS. FURTHERMORE, THE UNIVERSITY'S ADMINISTRATION HAS CONCLUDED THAT THERE ARE NO UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN ITS FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCE -17,641,196. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCE 17,641,196. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE POLICY IS LISTED IN ADMISSIONS PACKETS AND THE COLLEGE CATALOG AS WELL AS STUDENT/FACULTY HANDBOOKS. SCHEDULE E, PART I, LINE 6 THE COLLEGE PARTICIPATES IN NUMEROUS FEDERAL AND STATE PROGRAMS AS LISTED BELOW. THESE PROGRAMS ARE AUDITED ANNUALLY IN ACCORDANCE WITH RELATED REGULATIONS. FEDERAL PROGRAMS: U.S. DEPARTMENT OF EDUCATION CORPORATION FOR NATIONAL & COMMUNITY SERVICE (AMERICORPS) NATIONAL SCIENCE FOUNDATION U.S. DEPARTMENT OF COMMERCE STATE PROGRAMS: FLORIDA DEPARTMENT OF EDUCATION FLORIDA DEPARTMENT OF HIGHWAY SAFETY AND MOTOR VEHICLES FLORIDA DEPARTMENT OF HEALTH FLORIDA DEPARTMENT OF STATE DIVISION OF HISTORICAL RESOURCES 1 SCHOLARSHIPS FOR ACADEMIC, ATHLETIC AND FINANCIAL NEED 2946 17641196 PART I, LINE 2: GRANTS AWARDED ARE PART OF AN OVERALL SCHOLARSHIP PROGRAM IN WHICH CRITERIA AND AMOUNTS AWARDED ARE RECORDED BY GRANTEE. X X 0 0 0 0 0 0 0 0 0 REGINALD THEUS ATHLETICS DIRECTOR/HEAD BASKETBALL C 400000 0 0 0 0 0 0 0 0 0 400000 0 0 0 DR HIRAM C POWELL PRESIDENT (END 06/22) 305313 0 1627 0 20250 0 15753 0 6626 0 349569 0 0 0 DR WILLIAM BERRY ACTING PRESIDENT/SR. VP (BEG. 05/23) 225000 0 1627 0 0 0 0 0 132 0 226759 0 0 0 FRANKLIN E PATTERSON VP OF IT (END 06/22) 210000 0 1627 0 9692 0 0 0 5293 0 226612 0 0 0 ANTHONY JONES VP OF ENROLLMENT MANAGEMENT 210000 0 0 0 0 0 0 0 13357 0 223357 0 0 0 JOHN PITTMAN CFO/VP BUSINESS AFFAIRS (END 07/22) 220000 0 1627 0 0 0 0 0 0 0 221627 0 0 0 TERRY E SIMS HEAD FOOTBALL COACH 205000 0 1627 0 0 0 0 0 11217 0 217844 0 0 0 DONOVAN V WELLS BAND DIRECTOR 180000 0 1627 0 0 0 8625 0 11294 0 201546 0 0 0 NARENDRA H PATEL SENIOR ADVISOR TO THE PRESIDENT 184500 0 1627 0 0 0 8841 0 4437 0 199405 0 0 0 VALENCIA GALLON-STUBBS GENERAL COUNSEL 170000 0 1627 0 0 0 1500 0 8435 0 181562 0 0 0 HERBERT THOMPSON DEAN 155000 0 1627 0 0 0 7427 0 13911 0 177965 0 0 0 LAWRENCE DRAKE ACTING PRESIDENT (END 05/23) 157500 0 0 0 15885 0 0 0 0 0 173385 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS MADE AVAILABLE TO SELECT MEMBERS OF THE FINANCE COMMITTEE BEFORE FILING AND AFTER A COMPREHENSIVE REVIEW BY THE ACCOUNTING OFFICE, THE CONTROLLER AND THE CFO. A COPY OF THE RETURN, AS ULTIMATELY FILED, IS MAINTAINED BY THE CHIEF FINANCIAL OFFICER AND IS AVAILABLE FOR INSPECTION BY BOARD MEMBERS UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C EVERY YEAR ALL BOARD MEMBERS ARE REQUIRED TO REAFFIRM IN WRITING THEIR COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY AND TO REPORT ANY POTENTIAL CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES DETERMINES COMPENSATION FOR THE PRESIDENT AND OTHER TOP MANAGEMENT BASED ON PERFORMANCE AND COMPARABLE DATA OBTAINED FROM INSTITUTIONS OF COMPARABLE SIZE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE ON SUNBIZ.ORG. FINANCIAL STATEMENTS ARE AVAILABLE BY REQUEST. FORM 990, PART XII, LINE 2C OVERSIGHT OF AUDIT AND SELECTION OF INDEPENDENT ACCOUNTANT: THE RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT IS ASSUMED BY THE FINANCE COMMITTEE.