2021-04-27T15:13:06-05:00 2020-06-30 593070669 MSL PA 255 S ORANGE AVENUE SUITE 600 ORLANDO FL 32801 990 2019-07-01 590704726 BETHUNE-COOKMAN UNIVERSITY BETH 3864812031 640 DR MARY MCLEOD BETHUNE BLVD DAYTONA BEACH FL 32114 JOHN PITTMAN CHIEF FINANCIAL OFFICER 3864812031 2021-04-27 1 COURTNEY HOGBEN P01619105 4077405400 2019 2022-09-23 18:48:47Z DR E LABRENT CHRITE 640 DR MARY MCLEOD BETHUNE BLVD DAYTONA BEACH FL 32114 98843136 0 X WWW.COOKMAN.EDU X 1904 FL TO SERVE THE EDUCATIONAL, SOCIAL, AND CULTURAL NEEDS OF ITS STUDENTS. 9 9 1143 27 0 0 17120784 31248616 79865366 59772558 2818240 1731495 1434013 1913529 101238403 94666198 17036358 14945604 0 0 42329837 34271790 0 0 1708001 49199976 46324639 108566171 95542033 -7327768 -875835 197586158 191000240 119512833 116418459 78073325 74581781 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 33036059 41715320 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. 14945604 14945604 0 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. 22826658 18057238 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. 6439255 1913529 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. 6439255 1913529 77247576 1 1 0 0 0 0 0 0 0 1 1 1 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 1 449 0 1 1143 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X JOHN PITTMAN 3864812031 640 DR MARY MCLEOD BETHUNE BLVD DAYTONA BEACH FL 32114 LYNN THOMPSON VP INTERCOLLEGIATE ATHLETICS 40.00 X 303978 0 34759 DR E LABRENT CHRITE PRESIDENT (BEG. 07/2019) 40.00 X 269593 0 13655 TERRY E SIMS HEAD COACH 40.00 X 218644 0 13329 DONOVAN V WELLS BAND DIRECTOR 40.00 X 182154 0 27116 NARENDRA H PATEL SENIOR ADVISOR TO THE PRESIDENT 40.00 X 182779 0 24384 DR HELENA MARIELLA-WALROND PROVOST/SENIOR VP 40.00 X 178205 0 24149 VANESSA M LEWIS HEAD COACH 40.00 X 176808 0 15316 HERBERT W THOMPSON ASSOCIATE PROVOST 40.00 X 152119 0 38401 DR FRANKLIN E PATTERSON VP INFORMATION TECHNOLOGY 40.00 X 174987 0 6295 RYAN RIDDER HEAD COACH 40.00 X 147135 0 23281 HUBERT GRIMES FORMER PRESIDENT 0.00 X 132864 0 34584 JOHN PITTMAN VP BUSINESS AFFAIRS/CFO 40.00 X 162718 0 2359 DR PAMELA BROWNE FORMER EXECUTIVE DIRECTOR 0.00 X 143994 0 10116 DR CLIFFORD PORTER FORMER KEY EMP/VP INSTITUTIONAL ADV 40.00 X 142656 0 8424 BELVIN PERRY JR ESQUIRE CHAIRMAN 1.00 X X 0 0 0 JENNIFER L ADAMS SECRETARY 1.00 X X 0 0 0 JEFFREY BRANCH TRUSTEE 1.00 X 0 0 0 JOYOURS PETE GAMBLE FINANCE CHAIR/TRUSTEE 1.00 X 0 0 0 GREGORIO A FRANCIS ESQUIRE TRUSTEE 1.00 X 0 0 0 DAVID L BREWER TRUSTEE 1.00 X 0 0 0 A RAY BRINSON TRUSTEE 1.00 X 0 0 0 WAYNE A DAVIS TRUSTEE 1.00 X 0 0 0 DEVERON GIBBONS TRUSTEE 1.00 X 0 0 0 2568634 0 276168 77 1 1 0 SODEXO INC PO BOX 536922 ATLANTA GA 30353 FOOD SERVICE AND MAINTENANCE 4452243 RICHO USA INC PO BOX 827577 PHILADELPHIA PA 19182 COPY AND PRINTING SERVICES 589172 PINNACLE SIGNATURE GROUP 927 BEVILLE ROAD SUITE 109 SOUTH DAYTONA FL 32119 ACCOUNTING SERVICES 366441 BTM COACHES INC 347 WILLIAMS POINT BLVD COCOA FL 32927 TRANSPORTATION SERVICES 228575 KAREN BEARDEN 3044 BARDSTOWN ROAD LOUISVILLE KY 40205 CONSULTING SERVICES 194300 13 24727353 6521263 31248616 TUITION & FEES 611710 41715320 41715320 AUXILIARY ENTERPRISES 611710 18057238 18057238 59772558 406166 406166 5502267 4176938 1325329 1325329 1325329 OTHER INCOME 900099 1913529 1913529 1913529 94666198 61686087 0 1731495 14945604 14945604 1602752 347488 1255264 27751773 23955711 3005496 790566 475478 420119 52130 3229 4441787 3747887 567849 126051 796202 796202 191255 191255 155558 155558 3767612 3408344 170870 188398 116476 34644 7751 74081 3623181 2194313 1419125 9743 3687732 1431046 2228683 28003 16064129 11156626 4877904 29599 2898474 2090995 349148 458331 5842002 4774154 1067848 5000426 4571407 429019 STUDENT FOOD SERVICE 4181592 4169238 12354 95542033 77247576 16586456 1708001 6966814 3601959 9877809 1341555 3309055 7765204 2471366 125565 220834 229637082 84861595 148564144 144775487 1510548 28915183 28224464 213947 305734 396730 197586158 191000240 4823344 4613165 971622 404539 17520000 16615000 87393435 87169111 8804432 7616644 119512833 116418459 X 41424777 48139903 36648548 26441878 78073325 74581781 197586158 191000240 -875835 -2615709 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 28892137 421039 -884214 72510 155558 28200894 41566015 401757 1165303 14153223 87715 28892137 42301084 496285 2261463 3407893 84924 41566015 47758297 284502 5540323 11168253 113785 42301084 54718740 109859 -1359662 5600958 109682 47758297 0.08000 0.92000 0 0 9106883 9106883 196162180 68592716 127569464 22372283 16268879 6103404 1995736 1995736 144775487 GLOBAL EX-US EQUITY 7198034 F U.S. MID-TO-LARGE CAP EQUITY 6771454 F HEDGE FUNDS 6918369 F DEBT MUTUAL FUNDS 2992917 F COMMINGLED FUNDS 2665536 F LOAN DUE FROM FUM FOUNDATION 23570 F SHORT-TERM INVESTMENT FUNDS 1654584 F 28224464 STUDENT DEPOSITS 249627 DEFERRED LEASE PAYMENTS 7351073 DEPOSITS 15944 7616644 X 77036802 -2615709 -14858129 -17473838 94510640 155558 155558 94666198 80528346 0 80528346 155558 14858129 15013687 95542033 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 -14,858,129. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCE 14,858,129. 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 2737 14858129 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 LYNN THOMPSON VP INTERCOLLEGIATE ATHLETICS 303978 0 0 0 0 0 0 0 34759 0 338737 0 0 0 DR E LABRENT CHRITE PRESIDENT (BEG. 07/2019) 269593 0 0 0 0 0 0 0 13655 0 283248 0 0 0 TERRY E SIMS HEAD COACH 218644 0 0 0 0 0 0 0 13329 0 231973 0 0 0 DONOVAN V WELLS BAND DIRECTOR 182154 0 0 0 0 0 0 0 27116 0 209270 0 0 0 NARENDRA H PATEL SENIOR ADVISOR TO THE PRESIDENT 182779 0 0 0 0 0 0 0 24384 0 207163 0 0 0 DR HELENA MARIELLA-WALROND PROVOST/SENIOR VP 178205 0 0 0 0 0 0 0 24149 0 202354 0 0 0 VANESSA M LEWIS HEAD COACH 176808 0 0 0 0 0 0 0 15316 0 192124 0 0 0 HERBERT W THOMPSON ASSOCIATE PROVOST 152119 0 0 0 0 0 0 0 38401 0 190520 0 0 0 DR FRANKLIN E PATTERSON VP INFORMATION TECHNOLOGY 174987 0 0 0 0 0 0 0 6295 0 181282 0 0 0 RYAN RIDDER HEAD COACH 147135 0 0 0 0 0 0 0 23281 0 170416 0 0 0 HUBERT GRIMES FORMER PRESIDENT 132864 0 0 0 0 0 0 0 34584 0 167448 0 0 0 JOHN PITTMAN VP BUSINESS AFFAIRS/CFO 162718 0 0 0 0 0 0 0 2359 0 165077 0 0 0 DR PAMELA BROWNE FORMER EXECUTIVE DIRECTOR 143994 0 0 0 0 0 0 0 10116 0 154110 0 0 0 DR CLIFFORD PORTER FORMER KEY EMP/VP INSTITUTIONAL ADV 142656 0 0 0 0 0 0 0 8424 0 151080 0 0 0 A HIGHER EDUCATIONAL FACILITIES FINANCING AUTHORITY 900058227 34073TCF2 2010-11-16 23825000 FINANCE CAPITAL IMPROVEMENTS 0 0 0 A 7210000 24130183 1807569 456662 21865952 2010 1 0 1 1 A 0 0 0 0 0 0 0 A 0 1 1 0 0 0 0 0 0 A 0 FORM 990, SCHEDULE K, LINE 3 THE DIFFERENCE BETWEEN THE TOTAL PROCEEDS OF ISSUE ON PART II, LINE 3 AND THE ISSUE PRICE AS REPORTED ON PART I, COLUMN (E) IS THE NET ORIGINAL ISSUE PREMIUM OF $21,329 AND THE ADDITIONAL PROCEEDS RECEIVED FROM THE SALE OF $283,854. FORM 990, PART VI, SECTION A, LINE 4 DURING THE CURRENT YEAR, THE UNIVERSITY AMENDED ITS BYLAWS EFFECTIVE FEBRUARY 10, 2020. THE FOLLOWING IS A SUMMARY OF SIGNIFICANT CHANGES. A) THE MAXIMUM NUMBER OF THE BOARD OF TRUSTEES WAS REDUCED TO TWENTY-ONE, PLUS EX-OFFICIO MEMBERS. B) THE BOARD OF TRUSTEES WAS GIVEN THE AUTHORITY TO DECREASE MINIMUM NUMBER OF TRUSTEES TO NOT LESS THAN FIVE. C) THE BOARD OF TRUSTEES WAS GIVEN THE POWER TO APPROVE POLICIES AND PROCEDURES, AND GOALS OF THE UNIVERSITY AND DIRECT THE PRESIDENT TO IMPLEMENT AND ACHIEVE THOSE POLICIES AND PROCEDURES. 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.