2023-05-12T12:48:07-05:00 2022-06-30 593070669 MSL PA 255 S ORANGE AVENUE SUITE 600 ORLANDO FL 32801 990 2021-07-01 590704726 BETHUNE-COOKMAN UNIVERSITY BETH 3864812042 640 DR MARY MCLEOD BETHUNE BLVD DAYTONA BEACH FL 32114 JAMES CLEVELAND VP OF FISCAL AFFAIRS/CFO 3864812042 2023-05-12 1 JAMES CLEVELAND 999009999 HARRY E HARP CPA P00176471 4077405400 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z DR LAWRENCE DRAKE 640 DR MARY MCLEOD BETHUNE BLVD DAYTONA BEACH FL 32114 140283866 0 X WWW.COOKMAN.EDU X 1904 FL TO SERVE THE EDUCATIONAL, SOCIAL, AND CULTURAL NEEDS OF ITS STUDENTS. 11 11 864 27 0 0 46670047 64636643 55978441 62224703 2940955 3773058 12137126 51505 117726569 130685909 12439099 21876580 0 0 30905124 33955981 0 0 1173552 38106242 55770848 81450465 111603409 36276104 19082500 214110723 228821796 99396843 101388414 114713880 127433382 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 43387125 37610198 INSTRUCTION: BETHUNE-COOKMAN UNIVERSITY OFFERS BACHELOR OF ARTS AND BACHELOR OF SCIENCE DEGREES IN 37 MAJORS AREAS, THROUGH SIX MAJOR DIVISIONS; SCHOOL OF BUSINESS, EDUCATION, LIBERAL ARTS, HEALTH SCIENCES, SCIENCE/MATHEMATICS AND SOCIAL SCIENCES. THE UNIVERSITY ALSO OFFERS THREE MASTER'S DEGREE PROGRAMS. 21876580 21876580 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. 22250426 22092820 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. 7913762 2573190 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. 7913762 2573190 95427893 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 1 422 0 1 864 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 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 ESCQUIRE CHAIRMAN 1.00 X X 0 0 0 JOYOURS PETE GAMBLE VICE CHAIR 1.00 X X 0 0 0 JENNIER L 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 L 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 GREGORIO A FRANCIS ESQ 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 LAWRENCE DRAKE INTERIM PRESIDENT (BEG. 06/2022) 40.00 X 0 0 0 JOHN PITTMAN CFO/VP BUSINESS AFFAIRS 40.00 X 215972 0 0 WILLIAM BERRY SENIOR VICE PRESIDENT & PROVOST/ PROFESSOR 40.00 X 222977 0 460 DR FRANKLIN E PATTERSON VP INFORMATION TECHNOLOGY 40.00 X 196544 0 9867 TERRY E SIMS HEAD COACH 40.00 X 177543 0 19086 NARENDRA H PATEL SENIOR ADVISOR TO THE PRESIDENT FOR ACCREDITATION 40.00 X 163401 0 19680 GLENDA NOEL-NEY VP INSTITUTIONAL ACHIEVEMENT 40.00 X 161276 0 16316 VALENCIA GALLON-STUBBS GENERAL COUNSEL 40.00 X 156561 0 15551 DONOVAN V WELLS BAND DIRECTOR 40.00 X 154630 0 20391 DR HICRAM C POWELL INTERIM PRESIDENT (END. 06/2022) 40.00 X 236205 0 28438 RE LABRENT CHRITE PRESIDENT (END. 05/2021) 40.00 X 181577 0 22774 1866686 0 152563 24 1 1 0 SODEXO INC & AFFILIATES PO BOX 536922 ATLANTA GA 30353 FOOD SERVICE AND MAINTENANCE 11099224 MEDIATECH INC 829 CARSWELL AVENUE DAYTONA BEACH FL 32117 AUDIO VISUAL 900769 J & S ENTERPRISE 304 ALEATHA DRIVE DAYTONA BEACH FL 32114 CONSTRUCTION SERVICES 736955 RICOH USA INC PO BOX 827577 PHILADELPHIA PA 19182 DIGITAL BUSINESS SERVICES 642858 JENZABAR INC PO BOX 55018 BOSTON MA 02205 SOFTWARE CONSULTING 492954 23 59271358 5365285 64636643 TUITION & FEES 611710 37610198 37610198 AUXILIARY ENTERPRISES 611710 22092820 22092820 OTHER PROGRAM SERVICE REVENUE 611710 2521685 2521685 62224703 58246 58246 51505 0 51505 51505 51505 13312769 9597957 3714812 3714812 3714812 130685909 62276208 0 3773058 21876580 21876580 1463953 223357 1240596 27737720 22871954 4300232 565534 207053 112959 89781 4313 2488801 1840952 625079 22770 2058454 1522626 516995 18833 309454 167500 138601 3353 107400 107400 58724 58724 5111064 3325034 1665834 120196 216376 148245 4740 63391 6457350 4990623 1462693 4034 3636620 1266394 2310963 59263 15407498 13846690 1560808 2891361 2479341 100155 311865 1867061 1645797 221264 4859413 4273012 586401 PARTICIPANT COSTS HEERF 9415719 9415719 STUDENT FOOD SERVICE 5432808 5421110 11698 111603409 95427893 15001964 1173552 20052733 32299919 7408130 4589171 6762737 1431938 337429 231474545 94331721 138548170 137142824 35020215 40423544 6318738 12596971 214110723 228821796 3368098 4142928 557572 1183176 95253271 93669688 217902 2392622 99396843 101388414 X 84172314 97373336 30541566 30060046 114713880 127433382 214110723 228821796 19082500 -6362998 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 34996645 418469 -1143507 418469 58724 33794414 28200894 484386 6871769 481654 78750 34996645 28892137 421039 -884214 72510 155558 28200894 41566015 401757 1165303 14153223 87715 28892137 42301084 496285 2261463 3407893 84924 41566015 0.12000 0.88000 0 0 7823250 7823250 195704990 75606063 120098927 24133171 18725658 5407513 3813134 3813134 137142824 EQUITY INDEX FUND 16508607 F SHORT-TERM INVESTMENT FUNDS 11952600 F HIGH QUALITY BOND FUND 6082771 F HEDGE FUNDS 5855157 F LOAN DUE FROM FUM FOUNDATION 24409 F 40423544 OTHER ASSETS 10545 ESCROWS AND SINKING FUNDS 9849529 BENEFICIARY INTEREST IN TRUSTS 406003 OPERATING LEASE RIGHT OF USE ASSETS 2330894 12596971 STUDENT DEPOSITS 45045 DEPOSITS 16683 OPERATING LEASE RIGHT OF USE ASSETS 2330894 2392622 X 102446331 -6362998 -21876580 -28239578 130685909 0 130685909 89726829 0 89726829 21876580 21876580 111603409 PART V, LINE 4: THE UNIVERSITY'S ENDOWED ASSETS CONSIST OF APPROXIMATELY 180 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 -21,876,580. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCE 21,876,580. 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 2812 21876580 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 DR HICRAM C POWELL INTERIM PRESIDENT (END. 06/2022) 236205 0 0 0 0 0 0 0 28438 0 264643 0 0 0 WILLIAM BERRY SENIOR VICE PRESIDENT & PROVOST/ PRO 222977 0 0 0 0 0 0 0 460 0 223437 0 0 0 JOHN PITTMAN CFO/VP BUSINESS AFFAIRS 215972 0 0 0 0 0 0 0 0 0 215972 0 0 0 DR FRANKLIN E PATTERSON VP INFORMATION TECHNOLOGY 196544 0 0 0 0 0 0 0 9867 0 206411 0 0 0 RE LABRENT CHRITE PRESIDENT (END. 05/2021) 165625 0 0 0 15952 0 0 0 22774 0 204351 0 0 0 TERRY E SIMS HEAD COACH 177543 0 0 0 0 0 0 0 19086 0 196629 0 0 0 NARENDRA H PATEL SENIOR ADVISOR TO THE PRESIDENT FOR 163401 0 0 0 0 0 4228 0 15452 0 183081 0 0 0 GLENDA NOEL-NEY VP INSTITUTIONAL ACHIEVEMENT 161276 0 0 0 0 0 0 0 16316 0 177592 0 0 0 DONOVAN V WELLS BAND DIRECTOR 154630 0 0 0 0 0 0 0 20391 0 175021 0 0 0 VALENCIA GALLON-STUBBS GENERAL COUNSEL 156561 0 0 0 0 0 0 0 15551 0 172112 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS MADE AVAILABLE TO THE FULL BOARD BEFORE FILING. ALL BOARD MEMBERS WHO WISHED TO REVIEW THE RETURN HAD AN OPPORTUNITY TO DO SO. 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.