2023-05-12T14:50:37-05:00 2022-06-30 882730877 CHERRY BEKAERT ADVISORY LLC 1111 METROPOLITAN AVE STE 900 CHARLOTTE NC 28204 990 2021-07-01 560767736 WARREN WILSON COLLEGE WARR 8282983325 PO BOX 9000 ASHEVILLE NC 288159000 ALAN S RUSSELL INTERIM VP FOR ADMIN/FIN, CFO 8287712000 2023-05-01 1 ALAN RUSSELL XXX-XX-XXXX AMANDA ADAMS P00748038 7043771678 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z WILLIAM H CHRISTY PO BOX 9000 ASHEVILLE NC 288159000 71832774 0 X WWW.WARREN-WILSON.EDU X 1962 NC WARREN WILSON COLLEGE'S DISTINCTIVE APPROACH TO EDUCATION (CONTINUED ON SCHEDULE O) INTENTIONALLY INTEGRATES ACADEMICS, WORK, AND COMMUNITY ENGAGEMENT TO CULTIVATE CURIOSITY, EMPATHY, AND INTEGRITY. WE EMPOWER GRADUATES TO PURSUE MEANINGFUL CAREERS AND LEAD PURPOSEFUL LIVES DEDICATED TO A JUST, EQUITABLE, AND SUSTAINABLE WORLD. 33 30 1132 25 -319250 0 6260903 10173421 30504845 35742636 4066431 5097253 78584 -117496 40910763 50895814 15621144 18223644 0 0 14337534 15545396 0 0 793959 11498801 13487948 41457479 47256988 -546716 3638826 113155084 106662699 23115652 20348333 90039432 86314366 X WARREN WILSON COLLEGE'S DISTINCTIVE APPROACH TO EDUCATION INTENTIONALLY INTEGRATES ACADEMICS, WORK, AND COMMUNITY ENGAGEMENT TO CULTIVATE CURIOSITY, EMPATHY, AND INTEGRITY. WE EMPOWER GRADUATES TO PURSUE MEANINGFUL CAREERS AND LEAD PURPOSEFUL LIVES DEDICATED TO A JUST, EQUITABLE, AND SUSTAINABLE WORLD. 0 0 40888844 18223644 35742636 EDUCATIONAL PROGRAM: MOST PROGRAMS RENDERED ARE RELATED TO PROVIDING USEFUL AND PRODUCTIVE WORK, AND SERVICE TO OTHERS BEYOND THE CAMPUS COMMUNITY. THE FULL-TIME EQUIVALENT ENROLLMENT AT THE COLLEGE DURING THE 2021-22 ACADEMIC YEAR WAS APPROXIMATELY 727 UNDERGRADUATE STUDENTS. A TOTAL OF 175 STUDENTS GRADUATED FROM THE COLLEGE DURING THE YEAR. A LOW-RESIDENCY GRADUATE PROGRAM IN CREATIVE WRITING LEADING TO A MASTER OF FINE ARTS DEGREE IS ALSO OFFERED, AND AVERAGES AROUND 72 ENROLLEES. WE ALSO OFFER ANOTHER LOW RESIDENCY GRADUATE PROGRAM CONCLUDING WITH A MASTER OF ARTS IN CRITICAL CRAFT STUDIES AND AVERAGES AROUND 16 ENROLLEES. THE COLLEGE PREPARED STUDENTS REPRESENTING A BROADLY DIVERSE WORLD FOR SERVICE, LEADERSHIP, AND MEANINGFUL LIFELONG WORK AND STUDY BY OFFERING AN EDUCATIONAL PROGRAM THAT ENABLES STUDENTS TO THINK CRITICALLY, OBTAIN AND EVALUATE INFORMATION EFFECTIVELY, AND COMMUNICATE CLEARLY, INTRODUCING THEM TO A VARIETY OF WAYS BY WHICH HUMANS ACQUIRE AND USE KNOWLEDGE, AND THAT PROVIDES STUDENTS WITH OPPORTUNITIES TO DEVELOP A BREADTH OF UNDERSTANDING AND TO MAKE CONNECTIONS AMONG AREAS CONSIDERED CRITICAL TO A LIBERAL ARTS CURRICULUM, AND REQUIRING THAT THEY DEMONSTRATE A DEPTH OF UNDERSTANDING THROUGH COMPETENCE IN ONE OR MORE ACADEMIC DISCIPLINES. ENVIRONMENTAL STUDIES IS THE MAJOR WITH THE LARGEST NUMBER OF STUDENTS, IN KEEPING WITH ANOTHER INSTITUTIONAL OBJECTIVE, THAT OF PROMOTING ENVIRONMENTAL RESPONSIBILITY THROUGH EDUCATION, CAMPUS OPERATIONS POLICY, AND COMMUNITY OUTREACH. THE COLLEGE ALSO FURNISHES STUDENTS WITH OPPORTUNITIES TO UNDERSTAND AND APPRECIATE A VARIETY OF CULTURES, ASSISTING THEM IN DEVELOPING AWARENESS OF THE COMMONALITY OF HUMAN PROBLEMS AND THE DIVERSITY OF THE WORLD. THE COLLEGE SPONSORED THREE STUDY ABROAD COURSES LED BY THE COLLEGE'S FACULTY AND STAFF IN 2021-2022. THESE COURSES TRAVELED TO MEXICO, ITALY, AND FRANCE. IN ADDITION, WE SENT EIGHT STUDENTS ON OUR SEMESTER-LONG STUDY ABROAD EXCHANGE PROGRAMS TO COUNTRIES AROUND THE WORLD. WARREN WILSON COLLEGE'S EXPERIENTIAL LEARNING MODEL LEADS STUDENTS INTO CONSIDERED REFLECTION ON THE MEANING AND VALUE OF WORK AND COMMUNITY ENGAGEMENT, GUIDING STUDENTS IN EXAMINING THEIR LIVES AND ARTICULATING THEIR BELIEFS AND VALUES, AND PROVIDES THEM WITH OPPORTUNITIES FOR PERSONAL, PHYSICAL, MORAL, AND SPIRITUAL DEVELOPMENT. TOWARDS THESE ENDS, THE COLLEGE ORGANIZED DIVERSE WORK CREWS IN THE COLLEGE WORK PROGRAM DURING THE YEAR, WITH APPROXIMATELY 630 STUDENTS PARTICIPATING IN THE FALL OF 2020 AND 570 STUDENTS PARTICIPATING IN THE SPRING OF 2021. THE ANNUAL COLLEGE-WIDE WORK DAY HELD IN APRIL OF 2021 YIELDED PARTICIPATION FROM OVER 300 STUDENTS AND OVER 25 FACULTY/STAFF. THE COLLEGE ALSO PRIORITIZES COMMUNITY ENGAGEMENT AS PART OF ITS MISSION, WITH SIGNIFICANT CONTRIBUTIONS BEING MADE TO SCHOOLS AND NON-PROFITS IN OUR IMMEDIATE AREA AND AROUND THE WORLD. FROM 2021-2022, 334 STUDENTS COMPLETED 18,217 VOLUNTEER HOURS AT OVER 80 LOCAL, NATIONAL, AND INTERNATIONAL AGENCIES DURING THE YEAR. FOR THE COLLEGE'S ANNUAL SERVICE DAY IN AUGUST 2021, OVER 300 STUDENTS, FACULTY, AND STAFF PARTICIPATED AT 16 SITES CONTRIBUTING OVER 1,500 HOURS OF SERVICE TO THE COMMUNITY. 443182 PUBLIC SERVICES PROGRAM: THE SWANNANOA GATHERING IS A SERIES OF WEEKLY SUMMER MUSIC WORKSHOPS HELD ON THE WARREN WILSON COLLEGE CAMPUS EACH JUNE AND JULY THE ENROLLMENT IS LIMITED, WITH AN OPEN FORMAT, WHICH ALLOWS EACH STUDENT TO SELECT THEIR OWN CURRICULUM FROM A VARIETY OF COURSES WITH DIFFERENT EXPERIENCE LEVELS AND ABILITIES. HOUSING AND MEALS FOR PARTICIPANTS IS AN OPTION. THE NORTH CAROLINA DEPARTMENT OF PUBLIC INSTRUCTION HAS ALLOWED 3 HOURS OF TEACHING CERTIFICATE RENEWAL CREDITS, WITH PRIOR APPROVAL, FOR EACH WEEK OF THE SERIES. DUE TO THE COVID-19 PANDEMIC, THE SERIES WAS HELD VIRTUALLY DURING THE SUMMER OF 2022. TOTAL STUDENTS IN THE SUMMER OF 2022 WERE 500, RANGING BETWEEN 42 AND 172 PARTICIPANTS FOR EACH OF THE FIVE WEEKS. 41332026 1 1 0 0 0 0 0 1 1 1 1 1 0 1 1 1 0 1 1 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 1310 0 1 1132 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 33 30 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 1 0 X MARY DAVIS 8282983325 701 WARREN WILSON ROAD SWANNANOA NC 28778 F LACHICOTTE ZEMP JR CHAIR 1.00 0.00 X X 0 0 0 JEAN WRIGHT VEILLEUX VICE CHAIR 1.00 0.00 X X 0 0 0 DR WILLIAM A LARAMEE TREASURER 1.00 0.00 X X 0 0 0 DAVID W GREENFIELD SECRETARY 1.00 0.00 X X 0 0 0 AMY FREY AGER TRUSTEE 1.00 0.00 X 0 0 0 H ROSS ARNOLD III TRUSTEE 1.00 0.00 X 0 0 0 CARMEN CASTALDI TREASURER 1.00 0.00 X 0 0 0 JESSICA L CULPEPPER TRUSTEE 1.00 0.00 X 0 0 0 JESSE C FRIPP TRUSTEE 1.00 0.00 X 0 0 0 NATHAN L GAZAWAY TRUSTEE 1.00 0.00 X 0 0 0 CARLA H GREENFIELD TRUSTEE 1.00 0.00 X 0 0 0 SUELLEN A HUDSON TRUSTEE 1.00 0.00 X 0 0 0 LATONYA CHAVIS KEENER TRUSTEE 1.00 0.00 X 0 0 0 STEPHEN R KEENER TRUSTEE 1.00 0.00 X 0 0 0 DR ANNE GRAHAM MASTERS TRUSTEE 1.00 0.00 X 0 0 0 MUIRURI MUR K MUCHANE TRUSTEE 1.00 0.00 X 0 0 0 JEFFREY T PERKINS TRUSTEE 1.00 0.00 X 0 0 0 JESSICA BALL PERKINS TRUSTEE 1.00 0.00 X 0 0 0 DEBORAH L REAMER TRUSTEE 1.00 0.00 X 0 0 0 ANTHONY S RUST TRUSTEE 1.00 0.00 X 0 0 0 DR GEORGE ANDREW SCOTT TRUSTEE 1.00 0.00 X 0 0 0 DAVID E SHI TRUSTEE 1.00 0.00 X 0 0 0 LUCY M WHEELER TRUSTEE 1.00 0.00 X 0 0 0 JOEL B ADAMS JR EX-OFFICIO TRUSTEE 1.00 0.00 X 0 0 0 ALICE C BUHL EX-OFFICIO TRUSTEE 1.00 0.00 X 0 0 0 WILLIAM H CHRISTY EX-OFFICIO TRUSTEE 1.00 0.00 X 0 0 0 RONALD F HUNT EX-OFFICIO TRUSTEE 1.00 0.00 X 0 0 0 REV DR KEVIN E FREDERICK EX-OFFICIO TRUSTEE 1.00 0.00 X 0 0 0 DR LYNN M MORTON PRESIDENT AND EX-OFFICIO TRUSTEE 40.00 0.00 X X 223221 0 29614 MORNING C NAUGHTON EX-OFFICIO TRUSTEE 40.00 0.00 X 49698 0 8086 CARA BRIDGMAN EX-OFFICIO TRUSTEE 1.00 0.00 X 0 0 0 ADAM L STEGALL EX-OFFICIO TRUSTEE 1.00 0.00 X 0 0 0 CANDACE E TAYLOR EX-OFFICIO TRUSTEE 40.00 0.00 X 55261 0 8173 VENETTA SMITH DEAN OF STUDENTS 40.00 0.00 X 56273 0 22165 DR KORTET MENSAH VP FOR DIVERSITY, EQUITY, INCLUSION & STRATEGY 40.00 0.00 X 76056 0 8436 PAUL PERRINE VP FOR STUDENT LIFE 40.00 0.00 X 38485 0 15574 SUZANNE A GARLAND VP FOR ADVANCEMENT 40.00 0.00 X 116876 0 16830 BRIAN LIECHTI VP FOR ENROLL./DIR. OF SUSTAIN 40.00 0.00 X 110791 0 8621 JAY W ROBERTS PROVOST & DEAN OF THE FACULTY 40.00 0.00 X 156304 0 14694 BELINDA BURKE VP FOR ADMIN/FIN & CFO 40.00 0.00 X 176202 0 14476 1059167 0 146669 5 0 1 0 SODEXO INC & AFFILIATES PO BOX 360170 PITTSBURGH PA 152516170 FOOD SERVICE 2274570 HARPER COMMERCIAL GROUP PO BOX 967 SWANNANOA NC 28778 MAINTENANCE CONTRACTOR 786553 MSS SOLUTIONS PO BOX 538178 ATLANTA GA 303538178 HVAC CONTRACTOR 433578 YMCA BLUE RIDGE ASSEMBLY INC 84 BLUE RIDGE CIRCLE BLACK MOUNTAIN NC 287119722 RECREATIONAL PROGRAMS 159426 RUFFALO NOEL LEVITZ LLC PO BOX 718 DES MOINES IA 503030718 EDUCATION CONSULTING 151812 10 6195428 3977993 82038 10173421 TUITION AND FEES 611710 27819083 27819083 ROOM AND BOARD 611710 7241051 7241051 SWANNANOA GATHERING 611710 168082 168082 AUXILIARY ENTERPRISES 611710 44463 44463 CONFERENCES 611710 41956 41956 428001 428001 35742636 2215799 -17054 2232853 186454 0 186454 186454 186454 23309362 5500 20427676 5732 2881686 -232 2881454 1754 2879700 199602 503552 -303950 -303950 50895814 35742636 -319250 5299007 18223644 18223644 1178389 372342 730827 75220 11316730 9384826 1411855 520049 106568 79678 22409 4481 2174807 1454139 688135 32533 768902 608364 128008 32530 194199 194199 80270 80270 548886 548886 386368 386368 234469 153566 80903 926422 622804 271075 32543 163484 24828 104458 34198 3922628 3705931 216697 180725 159652 18010 3063 519201 476315 42886 2560776 2322376 238400 FOOD SERVICES 1930201 1914711 15490 1840319 1442482 338495 59342 47256988 41332026 5131003 793959 610 610 11226111 9669049 103852 783323 203579 220163 199052 210652 245980 513941 89786442 56147981 34043636 33638461 45259841 30483904 14839562 25277792 7032861 5864804 113155084 106662699 855918 1123112 5556830 2793137 128693 161343 15801218 15513241 772993 757500 23115652 20348333 X 28015161 26899415 62024271 59414951 90039432 86314366 113155084 106662699 X 3638826 -5967780 -1396112 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 55788 X 0 0 1 X 65197901 708521 -7632925 2578828 55694669 55308784 1016214 12753764 3880861 65197901 56072627 388605 2134778 3287226 55308784 57141473 689867 1906646 3619362 45997 56072627 57489465 693402 2441390 1548617 1934167 57141473 0.16240 0.83760 0.00000 1 0 2934971 2934971 66480616 44435298 22045318 16501528 11029536 5471992 3869327 683147 3186180 33638461 ALTERNATIVE INVESTMENTS 25277792 F 25277792 BENEFICIAL INTEREST IN REMAINDER TRUSTS 5697578 OTHER ASSETS 167226 5864804 ANNUITY PAYABLE 283975 OBLIGATIONS UNDER CAPITAL LEASE 473525 757500 X 26661610 -5967780 -892560 -6860340 33521950 227856 17146008 17373864 50895814 30386676 503552 503552 29883124 227856 17146008 17373864 47256988 PART III, LINE 4: THE COLLEGE HAS ARTWORK THAT HAS BEEN DONATED OVER THE YEARS ON DISPLAY THROUGHOUT THE COLLEGE CAMPUS. PART IV, LINE 2B: THE COLLEGE HOLDS FUNDS FOR A VARIETY OF ACADEMIC, INSTITUTIONAL, AND STUDENT GROUPS AND ACCOUNTS FOR ADDITIONS TO AND DISTRIBUTIONS FROM THESE FUNDS SEPARATELY. PART V, LINE 4: THE INTENDED USES OF THE COLLEGE'S ENDOWMENT FUNDS ARE FOR SCHOLARSHIPS, STAFF/FACULTY DEVELOPMENT, BUILDING AND EQUIPMENT MAINTENANCE, AND OTHER ACADEMIC PROGRAMS. THE PERCENTAGE REPORTED FOR PERMANENT ENDOWMENTS INCLUDES AMOUNTS THAT MUST BE MAINTAINED IN PERPETUITY AS WELL AS ACCUMULATED EARNINGS ON SUCH AMOUNTS THAT HAVE NOT YET BEEN APPROPRIATED FOR EXPENDITURE. PART X, LINE 2: THE COLLEGE'S POLICY IS TO EVALUATE ALL TAX POSITIONS AND TO CONSULT WITH EXPERTS TO IDENTIFY THOSE THAT MAY BE CONSIDERED UNCERTAIN. ALL IDENTIFIED MATERIAL TAX POSITIONS WILL BE ASSESSED AND MEASURED BY A REASONABLY POSSIBLE THRESHOLD TO DETERMINE IF THE BENEFIT OF AN UNCERTAIN TAX POSITION SHOULD BE RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS. ANY CHANGES IN THE AMOUNT OF A TAX POSITION WILL BE RECOGNIZED IN THE PERIOD THE CHANGE OCCURS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN SPLIT-INTEREST AGREEMENTS -1,396,112. COST OF GOODS SOLD 503,552. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS/FELLOWSHIPS NETTED WITH TUITION ON FINANCIAL STATEMENTS 17,146,008. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 503,552. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS/FELLOWSHIPS NETTED WITH TUITION ON FINANCIAL STATEMENTS 17,146,008. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 NON-DISCRIMINATORY POLICIES OF THE COLLEGE ARE MADE KNOWN TO ALL SCHOOLS AND AREAS VISITED BY THE ADMISSIONS PERSONNEL AS WELL AS IN ALL COLLEGE LITERATURE. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVED STUDENT FINANCIAL AID GRANTS FROM THE U.S. DEPARTMENT OF EDUCATION AND THE NC STATE EDUCATION ASSISTANCE AUTHORITY. THE COLLEGE WAS ALSO AWARDED FUNDING FROM THE HIGHER EDUCATION EMERGENCY RELIEF FUND ("HEERF') THROUGH THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY (THE "CARES") ACT TO PROVIDE EMERGENCY FINANCIAL AID GRANTS TO STUDENTS FOR EXPENSES RELATED TO THE DISRUPTION OF CAMPUS OPERATIONS AND TO COVER EXPENSES ASSOCIATED WITH SIGNIFICANT CHANGES TO THE DELIVERY OF INSTRUCTION DUE TO THE CORONAVIRUS. EUROPE 0 0 INVESTMENTS 1662200 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 9722069 0 0 0 0 0 0 11384269 0 11384269 1 0 1 1 0 0 PART III ACCOUNTING METHOD: PARTS I AND IV THE COLLEGE HAS OWNERSHIP IN VARIOUS FOREIGN ENTITIES AS A RESULT OF ALTERNATIVE INVESTMENTS THAT ARE A PART OF THE COLLEGE'S INVESTMENT PORTFOLIO. THE AMOUNT REPORTED IN PART I, COLUMN F IS THE FAIR MARKET VALUE OF THE INVESTMENTS HELD AT THE END OF THE YEAR. 1 SCHOLARSHIPS AND FELLOWSHIPS 714 17146008 TUITION RATES TUITION ASSISTANCE EMERGENCY STUDENT AID PROVIDED BY CARES ACT 634 1077636 PART I, LINE 2: THE OFFICE OF ADVANCEMENT WORKS WITH DONORS TO ESTABLISH GUIDELINES FOR THE USE AND DISBURSEMENT OF ANY DONATED FUNDS ACCORDING TO THE DONORS' WISHES. THE DONORS' RESTRICTIONS ARE PUT IN WRITING WITH COPIES MAINTAINED IN THE ADVANCEMENT OFFICE, THE CONTROLLER'S OFFICE, AND THE FINANCIAL AID OFFICE, IF APPLICABLE. IF THE DONATION IS FOR GRANTS OR SCHOLARSHIPS TO BE DISTRIBUTED BY THE FINANCIAL AID OFFICE, THE FINANCIAL AID OFFICE MAINTAINS A SPREADSHEET OF GRANT TITLES AND RESTRICTIONS WHICH ARE UPDATED AS NEEDED. A PERMANENT ELECTRONIC FILE IS ALSO MAINTAINED. THE GRANTS OR SCHOLARSHIPS ARE "MATCHED" WITH AN ELIGIBLE RECIPIENT BY THE FINANCIAL AID OFFICE. THE FINAL STEP IN THE PROCESS IS A RANDOM AUDIT CONDUCTED ONCE A YEAR BY AN OUTSIDE AUDIT FIRM. NEED-BASED GRANTS WERE AWARDED TO WARREN WILSON COLLEGE STUDENTS BASED ON FAFSA (FREE APPLICATION FOR FEDERAL STUDENT AID) RESULTS. FAFSA RESULTS WERE NOT REQUIRED TO BE CONSIDERED FOR MERIT SCHOLARSHIPS, BUT MANY OF THESE DOLLARS WERE USED TO MEET THE FEDERAL DEFINITION OF "NEED." FOR CARES EMERGENCY GRANTS, AWARDS WERE BASED ON HAVING A VALID 2020-2021 FAFSA ON FILE WITH THE WARREN WILSON COLLEGE FINANCIAL AID OFFICE. THE COLLEGE ELECTED TO EQUITABLY SERVE THOSE CONSIDERED ELIGIBLE BY AWARDING THE SAME AMOUNT TO ALL DETERMINED AS ELIGIBLE. THE COLLEGE PROVIDED EXAMPLES OF EXPENSES RELATED TO THE DISRUPTION OF CAMPUS OPERATIONS DUE TO THE IMPACT OF THE CORONAVIRUS SUCH AS FOOD, HOUSING, COURSE MATERIALS, TECHNOLOGY NEEDS, HEALTH CARE OR CHILDCARE FOR WHICH THE FUNDS COULD BE UTILIZED. THE COLLEGE DID NOT REQUIRE FUNDS TO BE SPENT FOR A PARTICULAR PURPOSE THAT WOULD REQUIRE MONITORING AFTER THE GRANT FUNDS WERE AWARDED. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 DR LYNN M MORTON PRESIDENT AND EX-OFFICIO TRUSTEE 220053 0 0 0 3168 0 2250 0 27364 0 252835 0 0 0 BELINDA BURKE VP FOR ADMIN/FIN & CFO 174602 0 0 0 1600 0 1800 0 12676 0 190678 0 0 0 JAY W ROBERTS PROVOST & DEAN OF THE FACULTY 155531 0 0 0 773 0 1650 0 13044 0 170998 0 0 0 PART I, LINE 1A THE COLLEGE PROVIDES HOUSING AND WEEKLY HOUSEKEEPING SERVICES TO THE PRESIDENT FOR THE CONVENIENCE OF THE EMPLOYER SO THAT THE PRESIDENT CAN PERFORM ESSENTIAL COLLEGE BUSINESS AND ACTIVITIES AT THE HOME. THESE AMOUNTS ARE NONTAXABLE COMPENSATION AND ARE REPORTED AS SUCH IN SCHEDULE J, PART II, COLUMN D. THE COLLEGE ALSO PROVIDES HOUSING TO THE DEAN OF STUDENTS FOR THE CONVENIENCE OF THE EMPLOYER SO THAT THE DEAN OF STUDENTS CAN PERFORM ESSENTIAL COLLEGE BUSINESS AND ACTIVITIES AT THE HOME. THESE AMOUNTS ARE NONTAXABLE COMPENSATION AND ARE REPORTED AS SUCH IN FORM 990, PART VII, COLUMN F. X 5 82038 FMV 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 TRUSTEES DAVID GREENFIELD AND CARLA GREENFIELD HAVE A FAMILY RELATIONSHIP. TRUSTEES STEVEN KEENER AND LATONYA CHAVIS KEENER HAVE A FAMILY RELATIONSHIP. TRUSTEES JESSICA BALL PERKINS AND JEFFREY T. PERKINS HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B KEY PERSONNEL AND TRUSTEES REVIEW THE FORM 990 BEFORE IT IS SIGNED, INCLUDING THE VP FOR ADMINISTRATION AND FINANCE/CFO, THE CONTROLLER, THE CHAIR OF THE STANDING AUDIT COMMITTEE AND THE CHAIR OF THE BOARD. THE FULL BOARD IS PROVIDED ACCESS TO THE PUBLIC DISCLOSURE COPY OF THE RETURN ON A PASSWORD-PROTECTED WEBSITE, WITH A NOTICE THAT THE FULL FILING COPY IS AVAILABLE FOR REVIEW IN THE CONTROLLER'S OFFICE. THIS IS DONE TO PROTECT DONOR INFORMATION WHILE STILL GIVING THE BOARD ACCESS TO ALL INFORMATION AS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE COLLEGE HAS A WRITTEN CONFLICT OF INTEREST POLICY WHICH SPECIFIES IN DETAIL THOSE CIRCUMSTANCES GIVING RISE TO A POTENTIAL CONFLICT OF INTEREST ON THE PART OF THE COLLEGE TRUSTEES. PURSUANT TO THIS POLICY, TRUSTEES MUST FILE AN ANNUAL REPORT SPECIFYING ANY RELATIONSHIPS OR ACTIVITIES WHICH MIGHT POSSIBLY CONSTITUTE A CONFLICT. THESE REPORTS ARE REVIEWED BY THE CHAIR OF THE AUDIT COMMITTEE AND THE CHAIR OF THE BOARD OF TRUSTEES. ANY ISSUES RAISED BY A SPECIFIC REPORT ARE RESOLVED ACCORDING TO THE PROCEDURES OUTLINED IN THE CONFLICT OF INTEREST POLICY. A SIMILAR POLICY FOR EMPLOYEES OF THE COLLEGE DEFINES CONFLICT OF INTEREST AND RELATED TERMS AND OUTLINES A PROCEDURE FOR DISCLOSURE, REPORTING, AND COMPLIANCE WITH THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT'S COMPENSATION PACKAGE IS APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS BASED ON AN ASSESSMENT OF MARKET COMPARABLES FOR SIMILAR POSITIONS AT SCHOOLS OF SIMILAR SIZE AND LOCATION. THE PRESIDENT APPROVES THE COMPENSATION PACKAGES FOR OTHER OFFICERS OF THE COLLEGE IN COORDINATION WITH HUMAN RESOURCES. THE BOARD WOULD APPROVE TOTAL COMPENSATION INCREASES AS PART OF THE ANNUAL BUDGET PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE AT THE DISCRETION OF MANAGEMENT. FORM 990, PART XI, LINE 9: CHANGE IN SPLIT-INTEREST AGREEMENTS -1,396,112. WARREN WILSON COLLEGE FOUNDATION LLC PO BOX 9000 ASHEVILLE NC 288159000 474468713 RENTAL NC 0 14703318 WARREN WILSON COLLEGE