2025-05-01T10:08:12-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 420 SOUTH ORANGE AVENUE SUITE 900 ORLANDO FL 32801 990 2023-07-01 580566212 PIEDMONT UNIVERSITY INC PIED 7067783000 PO BOX 10 DEMOREST GA 30535 MARSHALL M CRISER III PRESIDENT 7067783000 2025-04-24 1 1 TINA HENTON P00630282 4078021200 2025-04-11 2023 2025-03-06 01:10:19Z MARSHALL M CRISER III PO BOX 10 DEMOREST GA 30535 77855353 0 X WWW.PIEDMONT.EDU X 1897 GA PIEDMONT UNIVERSITY IS A PRIVATE, NON-PROFIT COMPREHENSIVE LIBERAL ARTS INSTITUTION. 25 25 808 30 0 0 3391404 1923242 48294815 51583320 263873 987232 9301 24761 51959393 54518555 15439068 16380905 0 0 23232373 21259277 0 0 695020 22311400 22055373 60982841 59695555 -9023448 -5177000 147927827 145567564 35656641 33072176 112271186 112495388 PIEDMONT UNIVERSITY DEDICATES ITSELF TO THE TRANSFORMATIVE POWER OF EDUCATION THROUGH RECIPROCAL LEARNING, THE DEVELOPMENT OF COMPASSIONATE LEADERS, AND THE STEWARDSHIP OF OUR LOCAL AND GLOBAL COMMUNITIES. 0 0 32480836 16380905 41948717 TUITION AND FEES - INSTRUCTIONAL PROGRAMS SUPPORT STUDENTS TO ACHIEVE THEIR BACHELOR'S, MASTER'S, AND DOCTORATE LEVEL OF DEGREES. 9768414 9335511 STUDENT SERVICES - SERVICES PROVIDED BENEFITING STUDENTS INCLUDING FOOD SERVICE, RESIDENCE HALLS, AND FITNESS CENTER. 7139447 299092 OTHER ACTIVITIES - ACTIVITIES IN THE SUPPORT OF THE ORGANIZATION SUCH AS VARIOUS SPORTS AND THEATRE CAMPS, FOUNDATION SUPPORT, AND DEPOSITS. 49388697 1 1 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 135 0 1 808 1 0 0 0 0 0 0 0 0 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 GA X TIM CAMPBELL ASST VP OF FINANCE & CONTROLLER 7067788500 PO BOX 10 DEMOREST GA 30535 THOMAS A ARRENDALE III CHAIRMAN OF THE BOARD 1.00 X X 0 0 0 DOCK SISK VICE CHAIRMAN 1.00 X X 0 0 0 KARA KEEL MOODY SECRETARY - THRU 10/23 1.00 X X 0 0 0 SANDY BORROW SECRETARY - AS OF 10/23 1.00 X X 0 0 0 LISA BLACK TRUSTEE 1.00 X 0 0 0 DR MARTHA CANTRELL TRUSTEE 1.00 X 0 0 0 MATT COOK TRUSTEE 1.00 X 0 0 0 WALTER CROWDER TRUSTEE 1.00 X 0 0 0 KANLER CUMBASS TRUSTEE 1.00 X 0 0 0 DWIGHT EVANS TRUSTEE 1.00 X 0 0 0 DAVID FOSTER TRUSTEE 1.00 X 0 0 0 MACK GUEST III TRUSTEE 1.00 X 0 0 0 LADSON HADDOW TRUSTEE 1.00 X 0 0 0 THOMAS HENSLEY JR TRUSTEE 1.00 X 0 0 0 JAMES C HOBBS III TRUSTEE 1.00 X 0 0 0 WILLIAM HOUSE TRUSTEE 1.00 X 0 0 0 FRAN DAVIS JARRETT TRUSTEE 1.00 X 0 0 0 NICK KASTNER TRUSTEE 1.00 X 0 0 0 REV DR SARAH LUND TRUSTEE 1.00 X 0 0 0 MYLLE MANGUM TRUSTEE 1.00 X 0 0 0 KIMBERLY MELTON TRUSTEE 1.00 X 0 0 0 CALE PADGETT TRUSTEE 1.00 X 0 0 0 JOSEPH PIPER TRUSTEE 1.00 X 0 0 0 TOM RICHARD TRUSTEE 1.00 X 0 0 0 BRIAN RICKMAN TRUSTEE 1.00 X 0 0 0 MICHAEL SANTOWSKI TRUSTEE 1.00 X 0 0 0 BARBARA STRAIN TRUSTEE 1.00 X 0 0 0 MARY HART WILHEIT TRUSTEE 1.00 X 0 0 0 MARSHALL CRISER PRESIDENT 40.00 X 359637 0 31026 BRANT WRIGHT SR. VP OF FINANCE & ADMIN 40.00 X 233696 0 41640 BRUCE WILLIS VP ACADEMIC AFFAIRS - AS OF 5/23 40.00 X 165618 0 15315 STEVE NIMMO VP ACADEMIC AFFAIRS - THRU 7/23 40.00 X 136773 0 29862 KIMBERLY CRAWFORD VP STUDENT LIFE & LEADERSHIP 40.00 X 172252 0 40204 KRISTI WILLIAMS ASSOC. AP FIN./CONT. - THRU 2/24 40.00 X 166339 0 40221 STEVEN JACOBS DEAN COLLEGE OF ARTS AND SCIENCE 40.00 X 127252 0 38001 JAIME JOHNSON-HUFF DEAN COLLEGE OF NURSING 40.00 X 133260 0 13202 JAMES PEOPLES ATHLETIC DIRECTOR 40.00 X 131602 0 11010 J KERRY WALLER DEAN COLLEGE OF BUSINESS 40.00 X 127609 0 20072 1754038 0 280553 10 0 1 0 ELLUCIAN COMPANY LP 62578 COLLECTIONS CENTER DRIVE CHICAGO IL 606930625 TECHNOLOGY 2598954 HOWARD ANDREWS CONSTRUCTION 605 NEW HOPE ROAD TOCCOA GA 30577 CONSTRUCTION 124955 LAW OFFICE OF PATRICK MCKEE LLC 19 SPRING STREET NEWMAN GA 30263 LEGAL 119948 CLIFTON LARSON ALLEN LLP 220 S 6TH STREET STE 300 MINNEAPOLIS MN 55402 ACCOUNTING SERVICES 117476 4 373264 1549978 6252 1923242 TUITION AND FEES 611310 41948717 41948717 ROOM AND BOARD 611710 9294896 9294896 OTHER PROGRAM INCOME 900099 239069 239069 SUMMER CAMP 900099 60023 60023 CAMPUS BOOKSTORE 459210 40615 40615 51583320 1428474 1428474 5061 5061 19700 0 19700 19700 19700 22895556 23334868 1930 -439312 -1930 -441242 -441242 54518555 51583320 0 1011993 16380905 16380905 1137523 1011695 99402 26426 16379838 14624918 1384216 370704 532541 444111 70972 17458 1938342 1616474 258324 63544 1271033 810650 457568 2815 119948 119948 117476 117476 126851 126851 3257589 2934313 277158 46118 260257 140242 19455 100560 761863 742880 7062 11921 4130986 252583 3878403 3332677 2609612 705036 18029 1433056 1431182 1599 275 39840 38841 999 1086385 970359 112441 3585 3945708 3524306 408381 13021 626126 80800 545326 EDUCATION EXPENSES 1060140 1060140 OTHER OPERATIONAL EXPEN 602075 598393 3682 WORK STUDY 446046 436236 2745 7065 DUES AND SUBSCRIPTIONS 216266 137932 77855 479 492084 140518 342228 9338 59695555 49388697 9611838 695020 4427746 2306447 3100168 3648551 80200 822928 397911 399411 631252 143625778 59604496 86989195 84021282 47144160 50388351 53314 31988 4910705 4141782 147927827 145567564 1990048 1730468 2806609 2593677 24320183 23478316 1847432 1535045 4692369 3734670 35656641 33072176 X 96988926 95623719 15282260 16871669 112271186 112495388 147927827 145567564 X -5177000 5437282 -36080 X 0 1 X 1 1 1 X 3349573 3641196 6999154 3391404 1923242 19304569 3349573 3641196 6999154 3391404 1923242 19304569 1209906 18094663 1402547 3207342 964798 1252708 1453235 8280630 2234675 2234675 29819874 0.60680 0.50860 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: INSURANCE PROCEEDS - 2019 AMOUNT: $ 2,234,675. SCHEDULE A, PART II THE ORGANIZATION IS A SCHOOL AS DESCRIBED UNDER 170(B)(1)(A)(II) AND IS NOT REQUIRED TO COMPLETE A PUBLIC SUPPORT SCHEDULE. SCHEDULE A, PART II IS COMPLETED TO VERIFY THE SCHOOL CAN QUALIFY UNDER PUBLIC CHARITY STATUS SECTION 170 (B)(1)(A)(VI) AND QUALIFIES TO USE THE FIRST LISTED SPECIAL RULE FOR SCHEDULE B REPORTING. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 0.00 1 1 1 1234508 X X 0 45412532 537766 3839416 7364 49782350 43570462 577425 1730221 465576 45412532 54955833 573059 -11236080 722350 43570462 51579957 538876 3315939 478939 54955833 53825471 279070 -1838151 686433 51579957 0.69225 0.19935 0.10840 0 0 5149434 5149434 112009846 37123865 74885981 10915413 8752030 2163383 14603635 12871375 1732260 947450 857226 90224 84021282 ANNUITIES PAYABLE 333468 LEASE LIABILITY - OPERATING 3074167 LEASE LIABILITY - FINANCING 327035 3734670 X 43412001 5437282 -16416985 -10979703 54391704 126851 126851 54518555 43187799 0 43187799 126851 16380905 16507756 59695555 PART II, LINE 5: FRAME HOUSE LISTED ON THE HISTORIC REGISTER IS USED AS OFFICES FOR GRADUATE ADMISSIONS. THE HOUSE IS LISTED AS A FIXED ASSET ON THE FINANCIALS AND MAINTENCE AND UTILITIES ARE EXPENSED AS DAILY OPERATIONAL. PART V, LINE 4: THE INTENT OF THE ENDOWMENT OF PIEDMONT COLLEGE IS TO PROVIDE SCHOLARSHIPS TO STUDENTS. PART X, LINE 2: THE UNIVERSITY QUALIFIES AS A TAX-EXEMPT UNIVERSITY AS DESCRIBED IN INTERNAL REVENUE CODE SECTION 501(C)(3) AND HAS BEEN CLASSIFIED BY THE IRS AS A PUBLICLY SUPPORTED ORGANIZATION AND NOT AS A PRIVATE FOUNDATION. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE UNIVERSITY'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE UNIVERSITY FOLLOWS THE STATUTORY REQUIREMENTS FOR ITS INCOME TAX ACCOUNTING AND GENERALLY AVOIDS RISKS ASSOCIATED WITH POTENTIALLY PROBLEMATIC TAX POSITIONS THAT MAY BE CHALLENGED UPON EXAMINATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: STUDENT AID, SCHOLARSHIPS AND FEES -16,380,905. CHANGE IN THE VALUE OF GIFT ANNUITY TRUSTS -36,080. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID, SCHOLARSHIPS AND FEES 16,380,905. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ALL ADVERTISMENTS, SOLICITATIONS FOR STUDENTS AND STUDENT HANDBOOKS INCLUDE A STATEMENT THAT THE SCHOOL DOES NOT DISCRIMINATE. SCHEDULE E, PART I, LINE 6 PIEDMONT UNIVERSITY RECEIVES STUDENT FINANCIAL AID AWARDS FROM THE US DEPARTMENT OF EDUCATION, THE GEORGIA TUITION EQUILIZATION GRANT, HOPE FUNDS AND VARIOUS OTHER ASSISTANCE FROM THE STATE OF GEORGIA. 1 SCHOLARSHIPS AND GRANTS 1205 16380905 0 N/A N/A PART I, LINE 2: PIEDMONT UNIVERSITY PARTICIPATES IN THE STUDENT FINANCIAL ASSISTANCE PROGRAMS THROUGH THE U.S. DEPARTMENT OF EDUCATION. FUNDS ARE AWARDED AND DISBURSED TO STUDENTS BASED ON THE DEPARTMENT OF EDUCATION GUIDELINES SET FORTH BY THE TITLE IV PROGRAMS. X 1 0 X X X 0 0 0 0 0 0 0 0 0 MARSHALL CRISER PRESIDENT 359637 0 0 0 0 0 14000 0 17026 0 390663 0 0 0 BRANT WRIGHT SR. VP OF FINANCE & ADMIN 233696 0 0 0 0 0 9612 0 32028 0 275336 0 0 0 KIMBERLY CRAWFORD VP STUDENT LIFE & LEADERSHIP 172252 0 0 0 0 0 6823 0 33381 0 212456 0 0 0 KRISTI WILLIAMS ASSOC. AP FIN./CONT. - THRU 2/24 166339 0 0 0 0 0 6876 0 33345 0 206560 0 0 0 BRUCE WILLIS VP ACADEMIC AFFAIRS - AS OF 5/23 165618 0 0 0 0 0 6279 0 9036 0 180933 0 0 0 STEVE NIMMO VP ACADEMIC AFFAIRS - THRU 7/23 136773 0 0 0 0 0 3965 0 25897 0 166635 0 0 0 STEVEN JACOBS DEAN COLLEGE OF ARTS AND SCIENCE 127252 0 0 0 0 0 5350 0 32651 0 165253 0 0 0 PART I, LINE 1A CURRHAEE GOLF CLUB MEMBERSHIP REQUIRES BOTH SOCIAL AND GOLF - ATHLETICS UTILIZES THE GOLF AND THE PRESIDENT UTILIZES THE SOCIAL PORTION. THE MEMBERSHIP IS USED FOR OPERATIONS, NOT FOR PERSONAL USE, SO IT IS NOT INCLUDED IN TAXABLE COMPENSATION. A THE HABERSHAM COUNTY DEVELOPMENT AUTHORITY 521367808 2013-04-03 10000000 FINANCE STUDENT COMMONS BUILDING 0 0 0 B THE HABERSHAM COUNTY DEVELOPMENT AUTHORITY 521367808 2014-09-17 8000000 FINANCE VILLAGE DORMS BUILDINGS 0 0 0 C THE HABERSHAM COUNTY DEVELOPMENT AUTHORITY 521367808 2017-10-02 2485000 REFUNDING SERIES 1999 AND SERIES 2 0 0 0 D THE HABERSHAM COUNTY DEVELOPMENT AUTHORITY 521367808 2018-03-01 2215000 REFUNDING SERIES 1999 AND SERIES 2 0 0 0 A 4669677 10000000 10000000 2013 0 0 0 1 B 3004218 8000000 68685 7931315 2014 0 0 0 1 C 673557 2485000 46600 2438400 1 0 0 1 D 559208 2215000 2215000 1 0 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 0 0 1 0 0 0 0 0 1 B 0 0 1 0 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 D 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 A THE HABERSHAM COUNTY DEVELOPMENT AUTHORITY 521367808 2021-03-05 10000000 FINANCE MYSTIC DORM, SERIES 2021 0 0 0 A 133261 10000000 168160 9831840 0 0 0 1 A 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL BE COMPOSED OF THE CHAIRPERSON, VICE CHAIRPERSON, AND SECRETARY OF THE BOARD PLUS FOUR ADDITIONAL MEMBERS ELECTED ANNUALLY BY THE BOARD AT THE FALL MEETING, WITH THEIR TERMS BEGINNING IMMEDIATELY FOLLOWING SAID MEETING. THE OFFICERS OF THE EXECUTIVE COMMITTEE SHALL BE THE SAME AS THE OFFICERS OF THE BOARD. A QUORUM SHALL BE A MAJORITY OF THE MEMBERS OF THE EXECUTIVE COMMITTEE. THIS COMMITTEE SHALL HAVE AUTHORITY TO CONSIDER AND TO DECIDE ALL QUESTIONS AFFECTING THE INTERESTS OF THE UNIVERSITY WHICH MAY BE BROUGHT BEFORE IT BETWEEN STATED MEETINGS OF THE BOARD, INCLUDING MATTERS WHICH ARE INITIALLY THE RESPONSIBILITY OF OTHER COMMITTEES OF THE BOARD, EXCEPT FOR THOSE ITEMS DESIGNATED AS REQUIRING THE ACTION OF THE BOARD, AND EXCEPT FOR ANY ALIENATION OF REAL PROPERTY AND ANY ACTION WHICH DIMINISHES THE INDEPENDENCE OF THE UNIVERSITY. THE EXECUTIVE COMMITTEE SHALL HAVE GENERAL OVERSIGHT OF ALL PERSONNEL MATTERS APPROPRIATE TO THE BOARD, EXCEPT THOSE EXPRESSLY RESERVED FOR ACTION BY THE BOARD. THE EXECUTIVE COMMITTEE APPROVES THE ANNUAL BUDGET AND PRESENTS BUDGET REPORTS TO THE FULL BOARD AT EACH BOARD MEETING. THE EXECUTIVE COMMITTEE SHALL ALSO TRANSACT SUCH BUSINESS AS MAY BE EXPRESSLY COMMITTED TO IT BY THE BOARD, INCLUDING ANY BUSINESS OTHERWISE EXPRESSLY RESERVED FOR THE BOARD. THE EXECUTIVE COMMITTEE SHALL SERVE AS AN ADVISORY COUNCIL FOR THE PRESIDENT. THE EXECUTIVE COMMITTEE SHALL NOT HAVE POWER TO AUTHORIZE A MERGER OR DISSOLUTION, OR THE SALE, PLEDGE, OR TRANSFER OF ALL OR SUBSTANTIALLY ALL OF THE CORPORATION'S ASSETS, OR THE ELECTION, APPOINTMENT, OR REMOVAL OF DIRECTORS, THE FILLING OF VACANCIES ON THE BOARD OR ON ANY OF ITS COMMITTEES, OR THE ADOPTION, AMENDMENT, OR REPEAL OF THE ARTICLES OF INCORPORATION OR BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM. FORM 990 IS THEN REVIEWED IN DETAIL BY TOP MANAGEMENT AT THE UNIVERSITY, INCLUDING THE VICE PRESIDENT FOR ADMINISTRATION AND FINANCE AND THE CONTROLLER. EVERY MEMBER OF THE GOVERNING BODY IS PROVIDED WITH A COPY OF THE 990 PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY APPLIES TO ALL EMPLOYEES AND BOARD MEMBERS. CONFLICT OF INTEREST STATEMENTS ARE COMPLETED BY ALL MEMBERS OF THE GOVERNING BODY ON AN ANNUAL BASIS. THESE STATEMENTS ARE MONITORED BY THE PRESIDENT'S OFFICE AND THE SENIOR ADMINISTRATION. IF A CONFLICT OF INTEREST ARISES, SENIOR MANAGEMENT INVESTIGATES AND SEEKS ADVICE FROM THE CHAIRPERSON AND EXECUTIVE COMMITTEE WHEN NECESSARY. LEGAL ADVICE WILL BE SOUGHT WHEN NEEDED. A KNOWN CONFLICT WOULD PREVENT THE PARTIES OF SUCH CONFLICT FROM PARTICIPATING IN THE RELEVANT ACTIONS/EVENTS UP TO AND INCLUDING THE GOVERNING BODY'S DELIBERATIONS AND DECISIONS IN THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15A THE PROCESS FOR DETERMINING COMPENSATION OF THE PRESIDENT SALARY INCLUDED A REVIEW AND APPROVAL BY THE BOARD CHAIRMAN AND EXECUTIVE COMMITTEE AS WELL AS REVIEW FORM 990 OF OTHER ORGANIZATIONS. THE MOST RECENT REVIEW AND APPROVAL FOR THE PRESIDENT'S COMPENSATION WAS OCTOBER OF 2021. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN LIABILITY ANNUITY -36,080.