2022-01-20T12:10:37-06:00 2021-06-30 570381582 ELLIOTT DAVIS LLCPLLC 500 EAST MOREHEAD STREET SUITE 700 CHARLOTTE NC 28202 990 2020-07-01 560529990 PFEIFFER UNIVERSITY PFEI 7044631360 PO BOX 960 MISENHEIMER NC 28109 DR SCOTT W BULLARD PRESIDENT 7044631360 2022-01-17 1 DR SCOTT W BULLARD 999009999 JANICE A RATICA P00358837 7043338881 2022-01-17 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z DR SCOTT W BULLARD PO BOX 960 MISENHEIMER NC 28109 49788761 0 X WWW.PFEIFFER.EDU X 1938 NC PFEIFFER UNIVERSITY IS A COMPREHENSIVE UNITED METHODIST-RELATED UNIVERSITY, WITH MULTIPLE CAMPUSES AND DELIVERY SYSTEMS, COMMITTED TO EDUCATIONAL EXCELLENCE, SERVICE, AND SCHOLARSHIP. WITHIN NURTURING COMMUNITIES OF LEARNERS, WE VALUE DIVERSITY AND PROMOTE THE ATTAINMENT OF FULL ACADEMIC AND PERSONAL POTENTIAL THROUGH ACCESSIBLE UNDERGRADUATE AND GRADUATE PROGRAMS. IT IS THE VISION OF THE UNIVERSITY THAT OUR STUDENTS EMBRACE THE CHRISTIAN VALUES OF HUMAN DIGNITY, INTEGRITY, AND SERVICE AND BECOME SERVANT LEADERS AND LIFELONG LEARNERS. 24 24 298 103 0 0 10747606 7348570 35706181 38049837 1193330 1737181 170418 309038 47817535 47444626 14499096 13824154 0 0 14201864 14074972 0 0 538081 12312575 16373501 41013535 44272627 6804000 3171999 68487600 68125278 46085664 42521959 22401936 25603319 X PFEIFFER IS A GLOBALLY ENGAGED, REGIONAL UNIVERSITY DISTINCTIVE FOR ITS TRANSFORMATIONAL UNDERGRADUATE EXPERIENCES AND ITS LEADERSHIP IN PROFESSIONAL AND GRADUATE PROGRAMS THAT FILL DEMONSTRATED NEEDS. VESTED IN ITS HISTORY AS A UNITED METHODIST-RELATED UNIVERSITY, AND PROPELLED FORWARD BY AN INNOVATIVE FACULTY, PFEIFFER PREPARES ITS STUDENTS FOR A LIFETIME OF ACHIEVEMENT, SCHOLARSHIP, SPIRITUALITY, AND SERVICE. 0 0 33482760 13824154 38065550 DUE TO THE CONTINUED COVID-19 PANDEMIC, SERVICE-RELATED ACTIVITIES DECREASED SIGNIFICANTLY FOR THE SAFETY OF OUR FACULTY, STAFF, AND STUDENTS DURING THE 2020-2021 ACADEMIC YEAR. HOWEVER, EVEN WITH THESE COMPLICATIONS, 70+STUDENTS, STAFF, AND FACULTY PARTICIPATED IN VARIOUS SERVICE ACTIVITIES THROUGHOUT THE ACADEMIC YEAR. OVER 20 STUDENTS PARTICIPATED IN BACKPACK BUDDIES, A PROGRAM THAT PROVIDES PERISHABLE NECESSITIES FOR DISENFRANCHISED STUDENTS AT RICHFIELD ELEMENTARY. TWENTY-SEVEN STUDENTS PARTICIPATED IN LENTEN LETTERS, A CHURCH-RELATED SERVICE ACTIVITY WHERE STUDENTS WROTE LETTERS TO ENCOURAGE TEACHERS, FIRST RESPONDERS, AND THE ELDERLY DURING THE SEASON OF LENT. TWENTY-PLUS STUDENTS, STAFF, AND FACULTY ALSO PROVIDED BLESSING BAGS FOR THE HOMELESS COMMUNITY IN ALBEMARLE. FINALLY, NINE STUDENTS HELPED IN A LOCAL SOUP KITCHEN WITH A RELIGION PROFESSOR THROUGH THE ACADEMIC YEAR. THE UNIVERSITY CHAPLAIN CONTINUED TO FOSTER A RELATIONSHIP WITH CROSSROAD CONNECTION, A NEW NON-PROFIT IN RICHFIELD UMC THAT CONNECTS LOCAL ORGANIZATIONS, BUSINESSES, AND NEIGHBORS COMMITTED TO SEEKING COMMUNAL FLOURISHING IN THE AREAS OF FOOD, HEALTH, EDUCATION, AND RELATIONAL SUPPORT. FURTHER, THREE PFEIFFER EMPLOYEES, INCLUDING THE DIRECTOR OF RESIDENCE LIFE, A PROFESSOR OF RELIGION, AND THE UNIVERSITY CHAPLAIN, CONTINUE TO SIT ON THE BOARD OF STANLY COUNTY CHRISTIAN MINISTRIES, A MAJOR NON-PROFIT IN THE AREA THAT SERVES THE BROADER PFEIFFER COMMUNITY. THESE CONNECTIONS ARE MEANINGFUL BECAUSE THEY ALLOW PFEIFFER AND THEIR CONSTITUENTS TO DIRECTLY CONTRIBUTE TO THE BROADER COMMUNITY'S NEEDS.IN THE 2021-2022 YEAR, THE CHAPLAIN'S OFFICE PLANS TO EXPAND IN-PERSON SERVICE BY INTENTIONALLY RECONNECTING WITH HABITAT FOR HUMANITY, STANLY COUNTY CHRISTIAN MINISTRIES, AND WORKING WITH THE ELDERLY IN STANLY COUNTY AS THE PANDEMIC ALLOWS. THE FIRST-YEAR SEMINAR CLASSES ALSO PLAN TO WORK WITH THE CHAPLAIN'S OFFICE TO PROVIDE EACH FIRST-YEAR SEMINAR COURSE WITH A SERVICE EXPERIENCE. 33482760 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 137 0 1 298 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NC X ROBIN S LESLIE 7044631360 48380 US HWY 52 MISENHEIMER NC 28109 REV JULIANNE BRITTAIN TRUSTEE 1.00 X 0 0 0 MRS JANE S CRISCO TRUSTEE 1.00 X 0 0 0 MRS ANNE DANIEL TRUSTEE 1.00 X 0 0 0 MR ROGER L DICK TRUSTEE 1.00 X 0 0 0 MS DEBORAH L FRECH TRUSTEE 1.00 X 0 0 0 REV JOY T MELTON JD TRUSTEE 1.00 X 0 0 0 MR BENNY MERRELL TRUSTEE 1.00 X 0 0 0 MR DAVID B MILLER TRUSTEE 1.00 X 0 0 0 MR MATTHEW P MOELLER TRUSTEE 1.00 X 0 0 0 MR T RANN PAYNTER TRUSTEE 1.00 X 0 0 0 MR RUSSELL C RING TRUSTEE 1.00 X 0 0 0 MR MARSHALL C ROGERS TRUSTEE 1.00 X 0 0 0 MR ALBERT L ROSE TRUSTEE 1.00 X 0 0 0 MR ARCH Y STOKES TRUSTEE 1.00 X 0 0 0 MRS NATASHA SUBER TRUSTEE 1.00 X 0 0 0 MRS BONNIE N SUTHER TRUSTEE 1.00 X 0 0 0 THE REV DR TERRY V SWICEGOOD TRUSTEE 1.00 X 0 0 0 MR RICK THAMES TRUSTEE 1.00 X 0 0 0 REV DR LAURA H AUTEN EX-OFFICIO 1.00 X 0 0 0 DR DAVID CARTRETTE EX-OFFICIO, NON-VOTING 1.00 X 0 0 0 MR DAVID L BELL EX-OFFICIO 1.00 X 0 0 0 MR GRADY L GASTON EX-OFFICIO 1.00 X 0 0 0 BISHOP PAUL LEELAND EX-OFFICIO 1.00 X 0 0 0 MS NANCY REIGEL EX-OFFICIO 1.00 X 0 0 0 MS JULIA WILLIS EX-OFFICIO 1.00 X 0 0 0 DR SCOTT BULLARD PRESIDENT 40.00 X 221074 0 17948 ROBIN LESLIE VP OF FINANCE/CFO 40.00 X 128312 0 7787 BRENDA DIAZ DIR OF PA PROGRAM 40.00 X 127236 0 17286 ELIZABETH FAIN DIRECTOR OF OCCUPATIONAL THERAPY/ASST. DEAN OF APP 40.00 X 124596 0 7817 CHRISTOPHER BOE PROF OF ELEMENTARY EDUC AND DIR OF GRAD EDUC PROGR 40.00 X 106352 0 7300 707570 0 58138 5 0 1 0 STOKES CONSTRUCTION INC 618 NORTH SECOND ST ALBEMARLE NC 28001 CONTRACTOR 3493344 SODEXO FOOD SERVICE INC PO BOX 960 MISENHEIMER NC 28109 FOOD SERVICES 1902274 PRESIDIO TECHNOLOGY CAPITAL PO BOX 74390 CHICAGO IL 60690 IT SOLUTIONS PROVIDER 1649454 SODEXO INC & AFFILIATES PO BOX 536922 ATLANTA GA 303536922 MAINTENANCE SERVICES 1279816 18 8650 3511344 3828576 284903 7348570 TUITION 611310 28566847 28566847 OTHER PROGRAM SERVICES 900099 4314959 4314959 DORMITORY FEES 611310 2879034 2879034 FOOD SERVICES 722100 2288997 2288997 38049837 396390 396390 277746 0 277746 277746 277746 3530094 148346 2225767 111882 1304327 36464 1340791 1340791 22065 8650 6486 15579 15579 13921 0 13921 13921 MISCELLANEOUS REVENUE 900099 1792 1792 1792 47444626 38065550 0 2030506 X 13824154 13824154 372883 315512 46176 11195 11398421 9644666 1411535 342220 1466683 1166347 255515 44821 836985 713173 77778 46034 45932 45932 4914289 2356489 2492862 64938 282889 3525 278919 445 1172751 749431 411077 12243 786712 550419 235963 330 2243242 1683810 559432 170585 142064 28090 431 60424 43419 17005 539395 304563 234832 2587983 1460399 1127584 335054 94152 240902 STUDENT BOARD 1543869 0 1543869 0 OTHER EXPENSES 799066 137704 647095 14267 BAD DEBT EXPENSE 539971 0 539971 0 MEMBERSHIPS 297160 244754 52343 63 54179 48179 4906 1094 44272627 33482760 10251786 538081 3948320 7075172 17414775 8425495 2763672 2499032 690351 404045 270023 115205 25624 29745 63163 61163 73370521 32876341 37526243 40494180 5211705 8542387 30641 30641 543083 448213 68487600 68125278 4698504 1804398 1479570 1573395 37861203 37551727 20474 0 2025913 1592439 46085664 42521959 X 2587473 4414398 19814463 21188921 22401936 25603319 68487600 68125278 X 3171999 14891 14493 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 14198030 407810 1718868 16324708 14183026 735638 396137 1116771 14198030 15252892 532240 670616 2272722 14183026 15798327 1148377 1239188 2933000 15252892 17239249 214116 2213744 3868782 15798327 0.00600 0.90200 0.09200 0 0 1361947 1361947 55761903 23769668 31992235 16161187 9106533 7054654 85484 140 85344 40494180 SETTLEMENT LIABILITY 975004 ANNUITIES PAYABLE 10909 ADVANCES FROM FEDERAL GOVERNMENT 606526 1592439 X 33610409 14891 20978 35869 33574540 45932 13824154 13870086 47444626 30409026 6485 6485 30402541 45932 13824154 13870086 44272627 PART III, LINE 4: FRAMED ORIGINAL PHOTOGRAPH OF DR. MARTIN LUTHER KING, JR. AND DR. VERNON MACK HERRON THE MARCH FROM SELMA TO MONTGOMERY, AL IN 1965. ALSO, INCLUDED IS A GENEOLOGY COLLECTION OF BOOKS, DOCUMENTS AND MEMORABILIA FROM DR. HERRON THESE INCLUDE HIS WRITINGS ON THE CIVIL RIGHTS MOVEMENT. PART X, LINE 2: THE UNIVERSITY IS A TAX-EXEMPT ENTITY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). THE CAMPUS IS A SINGLE MEMBER LIMITED LIABILITY COMPANY AND IS THEREFORE DISREGARDED FOR INCOME TAX PURPOSES. ACCORDINGLY, THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION OR LIABILITY FOR FEDERAL AND STATE INCOME TAXES. THE UNIVERSITY HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF JUNE 30, 2021 AND 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE NETTED AGAINST REVENUE 6,485. CHANGE IN ANNUITY VALUATION 591. CHANGE IN CSV 11,739. DEFICIENCY OF ACTUAL INVESTMENT RETURN 2,163. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 13,824,154. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE NETTED AGAINST REVENUE 6,485. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 13,824,154. 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 UNIVERSITY INCLUDES THE RACIALLY NON-DISCRIMINATORY POLICY IN ALL ITS BROCHURES, CATALOGUES AND OTHER WRITTEN COMMUNICATIONS WITH THE PUBLIC THAT RELATE TO STUDENT ADMISSIONS, PROGRAMS, AND SCHOLARSHIPS. SCHEDULE E, PART I, LINE 6 EXPENDITURES OF FEDERAL AWARDS SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT, FEDERAL DIRECT LOAN PROGRAM, FEDERAL WORK STUDY, PELL GRANT PROGRAM, FEDERAL PERKINS LOAN PROGRAM. EXPENDITURES OF STATE AWARDS NC NEED-BASED SCHOLARSHIP PROGRAM, NC FORGIVEABLE EDUCATION LOANS FOR SERVICE, GOLDEN LEAF SCHOLARS PROGRAM. GOLF TOURNAMENT 30715 8650 22065 630 2040 2832 591 393 30715 8650 22065 630 2040 2832 591 393 6486 15579 1 SCHOLARSHIPS 804 13824154 PART I, LINE 2: SCHOLARSHIPS ARE AWARDED EACH YEAR BASED ON REQUIREMENTS DICTATED BY THE TYPE OF SCHOLARSHIP. ALL SCHOLARSHIPS ARE APPLIED TO EACH STUDENT'S ACCOUNT AND DISBURSED FROM THE FINANCIAL AID OFFICE. 1 X X 0 0 0 0 0 0 0 0 0 DR SCOTT BULLARD PRESIDENT 221074 0 0 0 0 0 2060 0 15888 0 239022 0 0 0 X 4450 X 8 102033 FMV X 1 175540 TAX RECORD X MISCELLANEOUS 16 2880 COST 0 0 1 1 PART I, LINE 32B: PFEIFFER UNIVERSITY CONTRACTS WITH AN ONLINE AUCTION COMPANY FOR ASSISTANCE WITH THE ANNUAL HOMECOMING AUCTION. THE COMPANY PROVIDES A SPECIFIC WEB ADDRESS WHERE CONSTITUENTS CAN BID ONLINE AND PROVIDE MAXIMUM BIDS PRIOR TO THE LIVE AUCTION AT HOMECOMING. FORM 990, PART VI, SECTION B, LINE 11B PFEIFFER UNIVERSITY'S FORM 990 IS SENT TO THE PRESIDENT, CFO, AND ALL BOARD OF TRUSTEE MEMBERS FOR INDIVIDUAL REVIEW BEFORE THE RETURN IS SUBMITTED. THE FINANCE COMMITTEE WILL REVIEW IN DETAIL AT A SCHEDULED MEETING PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C PFEIFFER UNIVERSITY REQUIRES ALL TRUSTEES TO COMPLETE A CONFLICTS OF INTEREST FORM ANNUALLY, WHICH IS REVIEWED BY THE PRESIDENT'S OFFICE. IN THE EVENT OF A POTENTIAL CONFLICT DURING THE YEAR, THE INTERESTED PERSON SHALL RECUSE HIMSELF/HERSELF FROM DISCUSSIONS AND VOTE ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES OR FINANCE COMMITTEE ANNUALLY REVIEWS COMPARABLE EXTERNAL DATA AND BENCHMARKS, AS WELL AS PERFORMANCE IN DETERMINING APPROPRIATE COMPENSATION. THE DECISION IS DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS FORM 1023 AND FORM 990 AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 115,052. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 115,052. CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 2,356,489. MANAGEMENT AND GENERAL EXPENSES 2,377,810. FUNDRAISING EXPENSES 64,938. TOTAL EXPENSES 4,799,237. FORM 990, PART IX, LINE 24E SPECIAL EVENTS: PROGRAM SERVICE EXPENSES 48,179. MANAGEMENT AND GENERAL EXPENSES 4,906. FUNDRAISING EXPENSES 1,094. TOTAL EXPENSES 54,179. FORM 990, PART XI, LINE 9: CHANGE IN ANNUITY VALUATION 591. CHANGE IN CSV 11,739. DEFICIENCY OF ACTUAL INVESTMENT RETURN 2,163. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR PERIOD. CAMPUS AT PFEIFFER LLC 4701 PARK ROAD CHARLOTTE NC 28209 205671256 CAMPUS CAPITAL PROJECTS NC 0 0 PFEIFFER UNIVERSITY