2022-05-09T09:00:02-05:00 2021-06-30 BDO USA LLP 421 FAYETTEVILLE ST STE 300 RALEIGH NC 27604 990 2020-07-01 560529988 WILLIAM PEACE UNIVERSITY % GEORGE A YEARWOOD WILL 9195082035 15 EAST PEACE STREET RALEIGH NC 27604 George Yearwood VP FOR FINANCE & CFO 9195082035 2022-05-04 true George Yearwood 999009999 SANDRA L FEINSMITH P01064157 9197549370 2022-05-04 2 2020 2022-09-23 18:48:47Z DR BRIAN C RALPH 15 EAST PEACE STREET RALEIGH NC 27604 36629906 false X WWW.PEACE.EDU X 1857 NC SEE SCHEDULE O 21 21 462 150 21227 0 3543394 5881589 28440028 26745807 1529655 1972564 308346 289372 33821423 34889332 10723842 11390809 0 0 11196688 10715051 0 0 634973 12121721 10452620 34042251 32558480 -220828 2330852 83108257 89474772 17629920 14665679 65478337 74809093 X WILLIAM PEACE UNIVERSITY IS A PRIVATE FOUR-YEAR UNIVERSITY LOCATED IN DOWNTOWN RALEIGH, NORTH CAROLINA. THE MISSION OF THE UNIVERSITY IS TO PREPARE STUDENTS FOR CAREERS IN THE ORGANIZATIONS OF TOMORROW. ROOTED IN THE LIBERAL ARTS TRADITION, THE STUDENT DEVELOPS AN APPRECIATION FOR LIFE-LONG LEARNING, A FOCUS ON MEANINGFUL CAREERS, AND SKILLS FOR ETHICAL CITIZENSHIP. ON AVERAGE, OVER 95 PERCENT OF OUR GRADUATES GO ONTO JOBS OR CAREERS WITHIN A YEAR OF GRADUATION. FOR MORE INFORMATION, PLEASE VISIT WWW.PEACE.EDU. false false 16864251 11390809 22287228 INSTRUCTION & ACADEMIC SUPPORT: WILLIAM PEACE UNIVERSITY IS ACCREDITED BY THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS COMMISSION ON COLLEGES (SACSCOC). THE INSTITUTION OFFERS 3 TYPES OF BACHELOR'S DEGREES IN OVER 25 MAJORS. SERVING APPROXIMATELY 1,000 STUDENTS, 97% OF OUR GRADUATES ARE EMPLOYED FULL-TIME OR ENTER GRADUATE SCHOOL WITHIN ONE YEAR OF GRADUATION. 4898879 0 0 STUDENT SERVICES & ACTIVITIES: WITH OVER 30 STUDENT CLUBS AND ORGANIZATIONS, THERE ARE PLENTY OF OPPORTUNITIES FOR A STUDENT TO GET INVOLVED AT WPU. COMMUNITY SERVICE IS ENCOURAGED AND STUDENTS EMBRACE THE CONCEPT OF GIVING BACK. STUDENT SERVICES ALSO INCLUDES HEALTH AND COUNSELING SERVICES. HEALTH SERVICES CAN PROVIDE ROUTINE TREATMENT FOR MINOR ILLNESSES AND INJURIES, WHILE MAINTAINING CONFIDENTIAL MEDICAL INFORMATION FOR STUDENTS. IT ALSO PROMOTES AWARENESS FOR HEALTH AND WELLNESS THROUGH CAMPUS EVENTS AND ACVTIVITIES. THE COUNSELING CENTER PROVIDES SHORT-TERM, PROFESSIONAL COUNSELING TO STUDENTS COPING WITH THE CHALLENGES OF COLLEGE LIFE. WILLIAM PEACE UNIVERSITY OFFERS STUDENTS THE CHANCE TO PLAY AND ENJOY INTERCOLLEGIATE SPORTS. WPU IS A MEMBER OF THE U.S.A. SOUTH ATHLETIC CONFERENCE OF THE NCAA DIVISION III AND FIELDS TEAMS IN EIGHTEEN SPORTS INCLUDING BASEBALL, BASKETBALL, CROSS COUNTRY, GOLF, LACROSSE, SOCCER, SOFTBALL, SWIMMING, TENNIS, TRACK, AND VOLLEYBALL. WILLIAM PEACE UNIVERSITY ALSO OFFERS INTRAMURAL SPORTS LEAGUES FOR ALL INTEREST LEVELS. 3659253 0 4437352 AUXILARY ENTERPRISES: THERE ARE 6 RESIDENCE HALLS ON CAMPUS AT WILLIAM PEACE UNIVERSITY. EACH RESIDENCE HALL HAS ITS PARTICULAR STYLE AND HISTORY. RESIDENT ASSISTANTS LIVE ON EACH FLOOR, READY TO ANSWER QUESTIONS, FOSTER GROUP DISCUSSIONS, ORGANIZE ACTIVITIES AND MORE. WPU ROOMS INCLUDE WIRED AND WIRELESS INTERNET, FREE BASIC CABLE AND NO-COST LAUNDRY. ADDITIONALLY, WPU PROVIDES THE OPTION OF UNIVERSITY-AFFILIATED STUDENT HOUSING TO ALL SOPHOMORE, JUNIOR AND SENIOR STUDENTS. THESE OFF-CAMPUS APARTMENTS PROVIDE AN EXCELLENT STUDENT HOUSING COMMUNITY IN RALEIGH, WITH FOUR-BEDROOM OPTIONS TO FIT ALL LIFESTYLES. OPERATING IN THE SAME MANNER AS ON-CAMPUS HOUSING, VILLAGE GREEN AT RALEIGH APARTMENTS HAVE WILLIAM PEACE UNIVERSITY RESIDENT STAFF LIVING ON-SITE. THE NEWLY RENOVATED BELK DINING HALL OFFERS TASTY, NUTRITIONAL FOOD OPTIONS, INCLUDING A SALAD BAR, DELI, COOKED-TO-ORDER EXPO STATION AND A VARIETY OF DAILY COOKED MEALS. PEACE PERK, THE ON-CAMPUS COFFEE SHOP, OFFERS STARBUCKS COFFEE, SANDWICHES, SNACKS AND A PLACE TO HANG OUT. THE WPU BOOKSTORE IS THE BEST PLACE TO FIND PACER GEAR. 25422383 true true false false false false false false false true true false false true true true false true true false false false false false false false false false true true true false false false false false false true true false false false true true true true false false true 105 0 true 462 true true true false false false false false false false false false false false X 21 21 false false false false false false false true true false false true true true true true true true true false NC X GEORGE A YEARWOOD 9195082035 15 EAST PEACE STREET RALEIGH NC 27604 X DR BRIAN C RALPH UNIVERSITY PRESIDENT 50.0 2.0 X 366995 0 21385 COLLEEN MURPHY VP FOR ENROLLMENT & MARKETING 40.0 0.0 X 170946 0 13556 GEORGE A YEARWOOD VP FOR ADMINISTATION & CFO 50.0 2.0 X 165480 0 17909 JODI Y STAMEY VP FOR ADVANCEMENT 40.0 0.0 X 161140 0 13057 CHARLES S DUNCAN VP FOR ACADEMIC AFFAIRS 40.0 0.0 X 144131 0 12750 FRANK P RIZZO VP FOR STUDENT LIFE 40.0 0.0 X 135595 0 4825 J FREDERICK KELLY JR IMMEDIATE PAST CHAIR 5.0 0.0 X X 0 0 0 REV DR EDWARD A MCLEOD JR BOARD MEMBER 2.0 0.0 X 0 0 0 ROBERT G WRIGHT BOARD CHAIR 5.0 1.0 X X 0 0 0 STUART PHOENIX TREASURER 2.0 0.0 X X 0 0 0 LYNN ERDMAN BOARD MEMBER 2.0 0.0 X 0 0 0 MARY-ANN BALDWIN BOARD MEMBER 2.0 0.0 X 0 0 0 KAREN ALBRITTON BOARD MEMBER 2.0 0.0 X 0 0 0 BILL MCLAURIN BOARD MEMBER 2.0 0.0 X 0 0 0 BILLIE REDMOND BOARD VICE CHAIR 5.0 0.0 X X 0 0 0 RACHEL REYNOLDS BOARD MEMBER 2.0 1.0 X 0 0 0 ROB WOOD SECRETARY 5.0 0.0 X X 0 0 0 KELLY GAINES BOARD MEMBER 2.0 0.0 X 0 0 0 ALYSON GORDON BOARD MEMBER 2.0 0.0 X 0 0 0 ANTONIO PARHAM BOARD MEMBER 2.0 0.0 X 0 0 0 GEORGE STANZIALE JR BOARD MEMBER 2.0 0.0 X 0 0 0 WILLARD ROSS EX-OFFICIO MEMBER 2.0 1.0 X 0 0 0 SARAH BARGE EX-OFFICIO MEMBER 2.0 0.0 X 0 0 0 LAURA BUNN BOARD MEMBER 2.0 0.0 X 0 0 0 CARLOS ARIAS FERNANDEZ BOARD MEMBER 2.0 0.0 X 0 0 0 DURON LEE BOARD MEMBER 2.0 0.0 X 0 0 0 LYN MANESS BOARD MEMBER 2.0 0.0 X 0 0 0 1144287 0 83482 9 false true false SODEXO INC AFFILIATES PO BOX 360170 PITTSBURGH PA 152516170 DINING SERVICES 1320013 Village Green Apartments 2000 Village Bluff Place RALEIGH NC 27603 STUDENT HOUSING RENT 1052006 FHEG Peace College Bookstore 3146 Solutions Center CHICAGO IL 606773001 Bookstore supplies 479537 The Budd Group PO Box 890856 CHARLOTTE NC 282890856 Housekeeping 441215 Town of Cary 200 Brooks Park Lane CARY NC 27519 Leased Property 417875 16 479174 4955984 446431 50588 5881589 TUITION AND FEES 900099 22287228 22287228 AUXILIARY ENTERPRISES 900099 4437352 4437352 CONFERENCE & EVENTS 531120 21227 21227 26745807 1830353 1830353 0 0 0 0 0 1882785 1740574 142211 142211 142211 0 0 0 0 0 0 0 0 0 OTHER INCOME 900099 289372 289372 289372 34889332 26724580 21227 2261936 0 11390809 11390809 0 0 1264436 498760 591448 174228 0 7747774 5861648 1631170 254956 58218 38037 18196 1985 1090493 786786 272708 30999 554130 415793 119643 18694 0 82852 82852 97885 97885 0 0 104108 104108 2271755 1831098 386657 54000 247265 95675 113294 38296 137842 56973 59899 20970 907479 3000 890768 13711 0 2102261 1493914 608347 145523 140246 4357 920 0 0 417315 364316 52999 0 1443386 1234514 208872 61337 61337 PROGRAM SUPPORT 1349695 980146 346278 23271 OPERATION/MAINTENANCE 979034 220163 758871 TRAINING/DEVELOPMENT 104883 10505 91435 2943 32558480 25422383 6501124 634973 8368670 8295643 659422 723931 611628 365917 8480525 6661419 0 0 0 0 0 0 0 0 0 0 55239161 22364443 35561410 32874718 25287900 34958045 24548 26830 0 0 0 0 4114154 5568269 83108257 89474772 1791199 1685098 0 0 1553465 1116799 11947319 11602516 0 0 0 0 2037429 0 0 0 300508 261266 17629920 14665679 X 21503077 24971229 43975260 49837864 65478337 74809093 83108257 89474772 X 2330852 6930694 69210 X X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 41842891 151839 8564243 1308058 938844 586293 47725778 42689338 230086 910077 753714 584376 648520 41842891 30371820 171638 12924133 214716 275249 288288 42689338 30245665 170664 609182 240409 203815 209467 30371820 30064935 404146 618254 240409 340564 260697 30245665 0.01300 0.98700 true true true 6248513 6248513 41475916 16749894 24726022 7514732 5614549 1900183 32874718 BENEFICIAL INTEREST 5530560 OTHER 460512 CONTRIBUTIONS RECEIVABLE 326100 DUE FROM PEACE CLG. OF RALEIGH -748903 5568269 0 ACCRUED INTEREST 136740 LEASES PAYABLE 93582 ANNUITIES PAYABLE 30944 261266 X PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT PORTFOLIO CONSISTS OF APPROXIMATELY 300 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. AS REQUIRED BY U.S. GAAP, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE DONOR-IMPOSED RESTRICTIONS. PART X, LINE 2: THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAX AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED. WITH RESPECT TO ANY UNRELATED BUSINESS INCOME GENERATED BY THE UNIVERSITY, IT RECORDS INCOME TAXES USING THE LIABILITY METHOD UNDER WHICH DEFERRED TAX ASSETS AND LIABILITIES ARE DETERMINED BASED ON THE DIFFERENCES BETWEEN THE FINANCIAL ACCOUNTING AND TAX BASES OF ASSETS AND LIABILITIES. DEFERRED TAX ASSETS OR LIABILITIES AT THE END OF EACH PERIOD ARE DETERMINED USING THE CURRENTLY ENACTED TAX RATE EXPECTED TO APPLY TO TAXABLE INCOME IN THE PERIOD THAT THE DEFERRED TAX ASSET OR LIABILITY IS EXPECTED TO BE REALIZED OR TO BE SETTLED. AS OF JUNE 30, 2021 AND 2020, THE UNIVERSITY HAD NO DEFERRED TAX ASSETS OR LIABILITIES OR ANY UNCERTAIN TAX POSITIONS. true true true true true true true false false false false false false false false true false true PART I, LINE 3: PUBLICIZED ON THE WEBSITE. HTTPS://WWW.PEACE.EDU/STUDENT-LIFE/DIVERSITY-INCLUSION/ PART I, LINE 6 - EXPLANATION OF GOVERNMENT FINANCIAL AID: WILLIAM PEACE UNIVERSITY RECEIVES FUNDS FROM GOVERNMENTAL AGENCIES TO BE USED AS FINANCIAL AID TO STUDENTS AND FROM SPECIAL GRANTS AWARDED FOR SPECIAL PROGRAMS. ALL PROGRAMS AND FINANCIAL AID AWARDS ARE ADMINISTERED ON A NON-DISCRIMINATORY BASIS. true Federal Supplemental Educational Opportunity Grant 77 113076 Institutional Grants 680 10115852 North Carolina Need Based 394 1989975 Federal CARES 267 733511 North Carolina CARES 305 345057 North Carolina GEER 73 70923 PART I, LINE 2: ALL GRANTS ARE SCHOLARSHIPS MADE TO STUDENTS AT THE UNIVERSITY. STUDENTS MUST MAINTAIN ENROLLMENT AND CERTAIN REQUIREMENTS TO MAINTAIN THEIR SCHOLARSHIPS. STUDENTS MUST SUBMIT FINANCIAL INFORMATION TO ESTABLISH QUALIFICATIONS FOR NEEDS BASED SCHOLARSHIPS. X true true X X X false false false false false false false false false DR BRIAN C RALPH UNIVERSITY PRESIDENT 282995 0 0 0 84000 0 7268 0 14117 0 388380 0 0 0 GEORGE A YEARWOOD VP FOR ADMINISTATION & CFO 165480 0 0 0 0 0 4465 0 13444 0 183389 0 0 0 COLLEEN MURPHY VP FOR ENROLLMENT & MARKETING 170946 0 0 0 0 0 4375 0 9181 0 184502 0 0 0 CHARLES S DUNCAN VP FOR ACADEMIC AFFAIRS 144131 0 0 0 0 0 3651 0 9099 0 156881 0 0 0 JODI Y STAMEY VP FOR ADVANCEMENT 161140 0 0 0 0 0 3953 0 9104 0 174197 0 0 0 PART I, LINE 1A: AS PROVIDED FOR IN HIS CONTRACT, THE PRESIDENT RECEIVES A HOUSING ALLOWANCE IN LIEU OF A RESIDENCE OWNED BY THE UNIVERSITY. THIS IS TREATED AS TAXABLE COMPENSATION TO THE PRESIDENT. A WISCONSIN PUBLIC FINANCE AUTHORITY 273866124 2018-06-08 12645000 REFINANCE UNIV. CAPITAL PROJECTS false false false A 353917 0 12645000 0 0 0 140000 0 0 0 12504997 0 2013 true false true true A false false true true false false 0 false false false true A false false true false true false 0 false 0 false true A true 0 Billie Redmond BOARD MEMBER 69750 SEE PART V false Part IV, Line 1, column (d): Description of Transaction Billie Redmond serves as a member of the William Peace University Board of Trustees. She is the founder and owner of TradeMark Properties. TradeMark Properties was responsible for the property management on behalf of Seaboard Station LLC, owner of the Seaboard retail shopping center, until it was sold in December of 2018. Ms. Redmond serves as the University's real estate broker and advisor. X 3 38588 FMV X Piano 1 12000 FMV false true true PART I, LINE 9, COLUMN B: THE ORGANIZATION REPORTS THE NUMBER OF CONTRIBUTIONS FOR PART I, COLUMN (B). Part I, Line 32a: Stock donations are sold by Charles Schwab immediately upon receipt of the stock. FORM 990, PART I, LINE 1 - DESCRIPTION OF ORGANIZATION MISSION: THE WILLIAM PEACE UNIVERSITY MISSION IS TO PREPARE STUDENTS FOR CAREERS IN THE ORGANIZATIONS OF TOMORROW. ROOTED IN THE LIBERAL ARTS TRADITION, THE STUDENT DEVELOPS AN APPRECIATION FOR LIFE-LONG LEARNING, A FOCUS ON MEANINGFUL CAREERS, AND SKILLS FOR ETHICAL CITIZENSHIP. FORM 990, PART VI, SECTION A, LINE 1A: THE BOARD CAN DELEGATE CERTAIN DECISIONS TO THE EXECUTIVE COMMITTEE AS IT CONSIDERS APPROPRIATE. THE EXECUTIVE COMMITTEE IS COMPRISED OF MEMBERS OF THE BOARD ONLY. THE CHAIRMAN OF THE BOARD SERVES AS CHAIRMAN OF THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION A, LINE 2: BILLIE REDMOND SERVES AS A MEMBER OF THE WILLIAM PEACE UNIVERSITY BOARD OF TRUSTEES. SHE IS THE FOUNDER AND OWNER OF TRADEMARK PROPERTIES. TRADEMARK PROPERTIES WAS RESPONSIBLE FOR THE PROPERTY MANAGEMENT ON BEHALF OF SEABOARD STATION LLC, OWNER OF THE SEABOARD RETAIL SHOPPING CENTER, UNTIL IT WAS SOLD IN DECEMBER OF 2018. MS. REDMOND SERVES AS THE UNIVERSITY'S REAL ESTATE BROKER AND ADVISOR. FORM 990, PART VI, SECTION B, LINE 11: THE IRS FORM 990 IS REQUIRED TO BE REVIEWED BY THE UNIVERSITY BOARD OF TRUSTEES EACH YEAR BEFORE BEING FILED. A DRAFT VERSION OF THE FORM 990 IS REVIEWED FIRST BY THE ASSISTANT CONTROLLER, CONTROLLER, AND THE CFO & VICE PRESIDENT FOR ADMINISTRATION. THE CFO & VICE PRESIDENT FOR ADMINISTRATION IS RESPONSIBLE FOR SUBMITTING THE DRAFT VERSION OF THE FORM 990 TO MEMBERS OF THE BUSINESS OPERATIONS COMMITTEE OF THE BOARD OF TRUSTEES OF THE UNIVERSITY. COMMITTEE MEMBERS ARE REQUESTED TO REVIEW THE FORM 990 RETURN AND SUBMIT QUESTIONS AND/OR OTHER FEEDBACK TO THE ADMINISTRATION. THE FULL BOARD REVIEWS THE FORM 990 ON A HIGH LEVEL PRIOR TO IT BEING FILED. THE ASSISTANT CONTROLLER COORDINATES WITH THE UNIVERSITY'S TAX PREPARERS FOR FILING AFTER THE REVIEW PERIOD. FORM 990, PART VI, SECTION B, LINE 12C: ALL BOARD MEMBERS RECEIVE A CONFLICT OF INTEREST FORM ANNUALLY WHERE THEY DISCLOSE ANY RELATIONSHIPS, THEY HAVE WITH PARTIES RELATED TO THE UNIVERSITY. ALL RELATIONSHIPS NOTED ARE REVIEWED FOR APPROPRIATENESS AND FURTHER ACTION IS TAKEN IF NECESSARY. FORM 990, PART VI, SECTION B, LINE 15: THE BOARD CHAIR ALONG WITH THE HUMAN RESOURCES OFFICE USED COMPARABILITY STUDIES TO REVIEW THE REASONABLENESS OF THE PRESIDENT'S COMPENSATION. THEY ALSO COMPARED THE SALARY TO THE CURRENT PRESIDENT'S FORMER SALARY AND TO THE FORMER PRESIDENT'S SALARY. A REPUTABLE LAW FIRM GENERATED THE EMPLOYMENT AGREEMENT BETWEEN THE UNIVERSITY AND THE PRESIDENT. FOR OTHER KEY MEMBERS OF MANAGEMENT, THE HUMAN RESOURCES OFFICE USES COMPARABILITY STUDIES TO DETERMINE REASONABLE SALARY LEVELS. THE PRESIDENT APPROVES THE SALARY BEFORE OFFERS ARE MADE. FORM 990, PART VI, SECTION C, LINE 19: THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS GENERALLY AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9 - CHANGES IN NET ASSETS: CHANGES IN SPLIT INTEREST AGREEMENTS 69,210 FORM 990, PART XII, LINE 2C: OVERSIGHT OF THE AUDITED FINANCIAL STATEMENTS: THERE HAS BEEN NO CHANGE IN THE PROCESS. PEACE UNIVERSITY PROPERTIES LLC 15 EAST PEACE STREET RALEIGH NC 27604 560529988 REAL ESTATE NC 65046 3585827 WPU William Peace University Foundation 15 EAST PEACE STREET RALEIGH NC 27604 560792704 SUPPORT NC 501(C)(3) LINE 12B WPU true WPU & FOUNDATION ENDOWMENT INVSTMNT POOL 15 EAST PEACE STREET RALEIGH NC 27604 943481706 investment NC NA INVESTMENT 1148629 28575215 false 0 false 0.84160 false false true false false false false false false false false false false true true false false false false William Peace University Foundation C 479174 CASH PART III, LINE 1, COLUMN (A): NAME OF RELATED ORGANIZATION: PEACE COLLEGE AND FOUNDATION INVESTMENT POOL, LLC EIN: 94-3481706 ADDRESS OF RELATED ORGANIZATION: 15 EAST PEACE STREET, RALEIGH, NC 27604