2021-04-07T19:31:09-05:00 2020-05-31 420714325 RSM US LLP 111 ROUNDABOUT COURT ROCKY MOUNT NC 27804 990 2019-06-01 560554199 CHOWAN UNIVERSITY CHOW 2523986500 ONE UNIVERSITY PLACE MURFREESBORO NC 27855 DANNY R DAVIS VP BUSINESS & FINANCE 2523986500 2021-04-06 1 STEPHEN BARNES P01221998 2524460111 2021-04-06 2019 2022-09-23 18:48:47Z KIRK PETERSON ONE UNIVERSITY PLACE MURFREESBORO NC 27855 65139633 0 X WWW.CHOWAN.EDU X 1849 NC INSTITUTION OF PRIVATE HIGHER EDUCATION PROVIDING UNDERGRADUATE AND GRADUATE CURRICULUMS. 38 37 878 41 103 0 3184822 4926523 42940339 38957319 1567636 1027539 454756 4936840 48147553 49848221 17407759 17304866 0 0 15404571 14060779 0 0 499308 12914207 13422618 45726537 44788263 2421016 5059958 82623389 91084339 11487565 13926008 71135824 77158331 X CHOWAN UNIVERSITY IS A COMPREHENSIVE COEDUCATIONAL INSTITUTION COMMITTED TO EXCELLENCE IN TEACHING, LEARNING, SCHOLARLY INQUIRY, AND SERVICE. THE UNIVERSITY PROVIDES THE ENVIRONMENT FOR STUDENTS TO BECOME LEARNERS WHO POSSESS THE SKILLS, KNOWLEDGE, CREATIVITY, AND ETHICAL VALUES NECESSARY TO SURVIVE AND FLOURISH IN A RAPIDLY CHANGING, CULTURALLY DIVERSE, GLOBAL SOCIETY. CHOWAN UNIVERSITY, AS A CHURCH-RELATED INSTITUTION, WAS FOUNDED UPON AND IS DEDICATED TO JUDEO-CHRISTIAN VALUES. CONSISTENT WITH THIS HERITAGE, THE UNIVERSITY IS GUIDED BY THE HISTORIC PRINCIPLES OF RELIGIOUS AND INTELLECTUAL FREEDOM, ACADEMIC EXCELLENCE, THE DIGNITY AND WORTH OF EACH INDIVIDUAL, AN ATMOSPHERE OF OPEN DIALOGUE, FREEDOM OF INQUIRY AND EXPRESSION, AND A MORAL COMMITMENT TO THE PURSUIT OF TRUTH. 0 0 37482114 17304866 38957319 CHOWAN UNIVERSITY IS A COMPREHENSIVE, COEDUCATIONAL, RESIDENTIAL UNIVERSITY WITH BOTH UNDERGRADUATE AND GRADUATE PROGRAMS. THE UNIVERSITY OFFERS A VARIETY OF ACADEMIC PROGRAMS WITH A LIBERAL ARTS BASIS IN CAREER-ORIENTED FIELDS SUCH AS BUSINESS, TEACHER EDUCATION, CRIMINAL JUSTICE, ETC. IN ALL, THE UNIVERSITY OFFERS DEGREES IN 31 PROGRAMS. STUDENTS PARTICIPATE IN, AND ARE EXPOSED TO, VARIOUS CULTURAL ARTS PROGRAMS AND EVENTS. THEY ARE ALSO ENCOURAGED TO BE INVOLVED IN COMMUNITY AND VOLUNTEER PROGRAMS.THE UNIVERSITY OFFERS VARIOUS STYLES OF STUDENT HOUSING FOR RESIDENTIAL STUDENTS. RESIDENTIAL STUDENTS RECEIVE TRAINING AND PROGRAMING FROM THE RESIDENCE LIFE STAFF. ATHLETIC AND INTRAMURAL PARTICIPATION IS ANOTHER IMPORTANT COMPONENT IN THE LEARNING AND EDUCATION EXPERIENCE.THE UNIVERSITY SERVED APPROXIMATELY 1311 STUDENTS IN ITS TRADITIONAL UNDERGRADUATE PROGRAM DURING THE ACADEMIC YEAR. OF THESE, APPROXIMATELY 1215 WERE RESIDENTIAL STUDENTS. IN ADDITION TO THE TRADITIONAL UNDERGRADUATE STUDENTS, THE UNIVERSITY SERVED APPROXIMATELY 17 UNDERGRADUATE ADULT DEGREE PROGRAM STUDENTS. THE UNIVERSITY HAD APPROXIMATELY 211 STUDENTS COMPLETE THEIR PROGRAM STUDIES DURING THE YEAR. 37482114 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 40 0 1 878 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 38 37 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 NC X DANNY R DAVIS 2523986500 ONE UNIVERSITY PLACE MURFREESBORO NC 27855 HAROLD W BABB TRUSTEE 1.00 X 0 0 0 SHIRLEY B BROWN TRUSTEE 1.00 X 0 0 0 BETTY R DUKE TRUSTEE 1.00 X 0 0 0 RONALD L HICKS TRUSTEE 1.00 X 0 0 0 LLOYD L HILL TRUSTEE 1.00 X 0 0 0 JAMES T JOHNSON JR TRUSTEE 1.00 X 0 0 0 SARAH VIRGINIA PARKER TRUSTEE 1.00 X 0 0 0 ANTHONY W RAWLINGS SR TRUSTEE 1.00 X 0 0 0 DEBORAH B VINSON TRUSTEE 1.00 X 0 0 0 KEMPER W BAKER TRUSTEE 1.00 X 0 0 0 LYNETTE BUNCH TRUSTEE 1.00 X 0 0 0 RAY FELTON TRUSTEE 1.00 X 0 0 0 ELAINE E MYERS TRUSTEE 1.00 X 0 0 0 MILTON A OUTTEN TRUSTEE 1.00 X 0 0 0 WALT PIERCE TRUSTEE 1.00 X 0 0 0 CHARLES B POND III TRUSTEE 1.00 X 0 0 0 HARVEY W REINHARDT TRUSTEE 1.00 X 0 0 0 W FRANK ROSE JR CHAIR 1.00 X X 0 0 0 HUGH C VINCENT JR TRUSTEE 1.00 X 0 0 0 MARY ANNE CROOM TRUSTEE 1.00 X 0 0 0 JAMES M EASON TRUSTEE 1.00 X 0 0 0 AUSTINE O EVANS TRUSTEE 1.00 X 0 0 0 MIKE HENDLEY TRUSTEE 1.00 X 0 0 0 JAMES W MASON VICE CHAIR 1.00 X X 0 0 0 JESSE E VAUGHAN TRUSTEE 1.00 X 0 0 0 LINDA B WEAVER TRUSTEE 1.00 X 0 0 0 GARRY WHITAKER TRUSTEE 1.00 X 0 0 0 STANLEY E DIXON JR TRUSTEE 1.00 X 0 0 0 MILEY W BUCKY GLOVER TRUSTEE 1.00 X 0 0 0 E PRESTON GRISSOM VICE CHAIR 1.00 X X 0 0 0 CECIL S HOLLOMAN JR TRUSTEE 1.00 X 0 0 0 BILLY R HOWELL TRUSTEE 1.00 X 0 0 0 JULIAN R MILLS SR TRUSTEE 1.00 X 0 0 0 JANE E NEWSOME TRUSTEE 1.00 X 0 0 0 ROBBIE PARKER TRUSTEE 1.00 X 0 0 0 LISA L TURNER TRUSTEE 1.00 X 0 0 0 BARRY E WHITAKER TRUSTEE 1.00 X 0 0 0 MATTHEW B GLOVER TRUSTEE 1.00 X 0 0 0 LAWRENCE P HOLLISTER TRUSTEE 1.00 X 0 0 0 M CHRISTOPHER WHITE CHANCELLOR 40.00 X 143133 0 27873 DONNIE O CLARY ASST. CORP SEC./VICE CHANC. 40.00 X 72456 0 14325 DANNY B MOORE RECORDING SEC./PROVOST 40.00 X 212600 0 15306 JOHN M TAYLOE VP OF DEVELOPMENT 40.00 X 103611 0 14744 DANNY R DAVIS CORP SEC./VP BUSINESS 40.00 X 171948 0 29673 KIRK E PETERSON PRESIDENT 40.00 X 217956 0 34481 CHARLES L REVELLE III GENERAL COUNSEL 5.00 X 64408 0 0 JAMES R HOWELL DIRECTOR OF IT 40.00 X 110948 0 26050 BRENDA TINKMAN ASSOCIATE PROVOST 40.00 X 103600 0 8988 JOHN DILUSTRO ASSOCIATE PROVOST 40.00 X 107676 0 29614 PATRICK MASHUDA VP OF ATHLETICS 40.00 X 100968 0 15836 1409304 0 216890 9 0 1 0 TREMCO PO BOX 931111 CLEVELAND OH 44193 ROOFING CONTRACTOR 4881083 PIONEER COLLEGE CATERERS 303 GLENROSE AVE NASHVILLE TN 37210 FOOD SERVICE PROVIDER 1956175 BENCHMARK BUILDING PO BOX 68 MURFREESBORO NC 27855 BUILDING CONTRACTOR 768526 FOLLETT CAMPUS RESOURCES PO BOX 96773 CHICAGO IL 606936773 BOOKSTORE CONTRACTOR 659629 ARAMARK CORPORATION 24818 NETWORK PLACE CHICAGO IL 60673 HOUSEKEEPING CONTRACTOR 585301 21 3181369 1745154 91518 4926523 TUITION AND FEES 611710 29527540 29527540 AUXILIARY ENTERPRI 611710 9429779 9429779 38957319 762303 762303 45303 0 45303 45303 45303 15556648 15274087 17325 282561 -17325 265236 265236 STORM DAMAGE INSURANCE 900099 4702727 4702727 MISC 900099 188707 188707 DUES 713940 103 103 4891537 49848221 38957319 103 5964276 17304866 17304866 998213 894602 103611 10698031 8838717 1645082 214232 475851 360854 102021 12976 1095398 833879 231532 29987 793286 603452 168134 21700 49064 49064 140666 140666 83257 83257 3229212 3041877 141898 45437 12113 12113 1072916 991936 80980 617668 572547 34825 10296 22067 21967 100 341820 326848 14972 2717156 2598146 119010 527713 114476 413237 SUPPLIES 735997 642671 82045 11281 REPAIRS & MAINTENANCE 671870 177875 493995 BAD DEBTS 464127 464127 ALLOCATION OF INTERNAL 438001 410958 -183 27226 2298971 663012 1625610 10349 44788263 37482114 6806841 499308 2043879 5569495 7827403 7686532 441952 582584 644251 661333 309412 0 94185 103676 456557 322003 90805377 43462383 44809911 47342994 23831257 25017910 2063141 2111376 101441 1686436 82623389 91084339 1390633 1415576 271338 1083972 9299838 8857683 0 2529762 525756 39015 11487565 13926008 X 43941172 48508151 27194652 28650180 71135824 77158331 82623389 91084339 X 5059958 914315 48234 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15000 946396 X X 0 26183183 458226 1823749 1195900 83257 27186001 26068253 725695 -30723 500000 80042 26183183 26085049 386540 819288 1142000 80624 26068253 24284721 533849 2409880 1065400 78001 26085049 25099979 472963 -1214495 0 73726 24284721 0.00000 0.85980 0.14020 1 0 2521185 9949936 12471121 54121191 22948705 31172486 16614720 14454553 2160167 7598345 6059125 1539220 47342994 FEDERAL CAPITAL CONTRIBUTIONS 39015 39015 X 33374413 914315 -17304866 -16390551 49764964 83257 83257 49848221 27400140 0 27400140 83257 17304866 17388123 44788263 PART III, LINE 4: THE UNIVERSITY'S COLLECTIBLES CONSISTS PRIMARILY OF PAINTINGS, JEWELRY AND FURNITURE AND ARE AVAILABLE FOR PUBLIC EXHIBITION AND PRESERVATION FOR FUTURE GENERATIONS. PART V, LINE 4: EARNINGS FROM THE ENDOWMENT FUNDS ARE AVAILABLE FOR THE PURPOSE SPECIFIED IN THE DONOR'S AGREEMENT, PRIMARILY SCHOLARSHIP ALLOWANCES TO STUDENTS AND SUPPORT TO UNIVERSITY PROGRAMS. PART X, LINE 2: MANAGEMENT EVALUATED THE UNIVERSITY'S TAX POSITIONS AND CONCLUDED THAT THE UNIVERSITY HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THE INCOME TAXES TOPIC OF THE FINANCIAL ACCOUNTING STANDARD BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC). PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCES -17,304,866. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCES 17,304,866. 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 FOLLOWING IS PUBLISHED IN THE UNIVERSITY CATALOG AND IS REFLECTED ON THE UNIVERSITY'S WEBSITE: CHOWAN UNIVERSITY DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, RELIGION, NATIONAL ORIGIN, SEX, DISABILITY, GENETIC INFORMATION, OR AGE IN ITS PROGRAMS AND ACTIVITIES. THE FOLLOWING IS REFLECTED ON THE ADMISSIONS WEBPAGE: CHOWAN UNIVERSITY IS COMMITTED TO ITS RESPONSIBILITY AS A LIBERAL ARTS UNIVERSITY WITHIN THE CONTEXT OF THE CHRISTIAN FAITH. IT SEEKS TO ENROLL STUDENTS FROM A VARIETY OF RACIAL, ECONOMIC, SOCIAL, RELIGIOUS, AND GEOGRAPHIC BACKGROUNDS. SCHEDULE E, PART I, LINE 6 CHOWAN UNIVERSITY RECEIVES FEDERAL AND STATE GRANTS FOR STUDENT SCHOLARSHIP ASSISTANCE. 1 INSTITUTIONAL SCHOLARSHIPS 1315 17100137 0 FEDERAL GRANTS 86 204729 0 PART I, LINE 2: STUDENTS ARE REQUIRED TO COMPLETE A FAFSA. APPLICABLE FEDERAL AND STATE GUIDELINES, THE STUDENT'S ACADEMIC CREDENTIALS, AND FINANCIAL NEED DETERMINE A STUDENT'S ELIGIBILITY FOR SCHOLARSHIPS. STUDENTS ARE APPROPRIATELY AWARDED SCHOLARSHIPS IN THE FINANCIAL AID OFFICE AND THE AWARDS ARE TRANSFERRED TO THE STUDENTS' ACCOUNTS IN THE BUSINESS OFFICE. ALL SCHOLARSHIP AND GRANT FUNDS ARE RECONCILED EACH SEMESTER AND REPORTED TO THE APPROPRIATE AUTHORITIES OR AGENCIES. FUNDS ARE ALSO AUDITED ANNUALLY. X X 1 1 X X X 0 0 0 0 0 0 0 0 0 M CHRISTOPHER WHITE CHANCELLOR 143133 0 0 0 0 0 6042 0 21831 0 171006 0 0 0 DANNY B MOORE RECORDING SEC./PROVOST 212600 0 0 0 0 0 10750 0 4556 0 227906 0 0 0 DANNY R DAVIS CORP SEC./VP BUSINESS 171948 0 0 0 0 0 9000 0 20673 0 201621 0 0 0 KIRK E PETERSON PRESIDENT 217956 0 0 0 0 0 11250 0 23231 0 252437 0 0 0 PART I, LINE 1A THE UNIVERSITY PROVIDES HOUSING ON PREMISES FOR ITS PRESIDENT AND CHANCELLOR AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE UNIVERSITY. THE OFFICERS ARE REQUIRED TO ACCEPT THE LODGING IN ORDER TO PROPERLY PERFORM THE DUTIES OF THEIR EMPLOYMENT. ACCORDINGLY, SUCH LODGING IS NOT INCLUDED IN TAXABLE INCOME. IN ADDITION, THE UNIVERISTY PROVIDES MEMBERSHIP TO A LOCAL SOCIAL CLUB FOR THE OFFICERS PRIMARILY FOR MARKETING AND FUNDRAISING PURPOSES. BOYETTE ROBERTSON INSURANCE AGENCY TRUSTEE 180996 INSURANCE POLICY: WALT PIERCE IS A TRUSTEE WHO IS A PART OWNER OF BOYETTE ROBERTSON INSURANCE AGENCY WHICH PERFORMED INSURANCE SERVICES IN THE AMOUNT OF $180,996.TRUSTEES ARE COVERED BY THE COLLEGE'S CONFLICT OF INTEREST POLICY. THE COLLEGE BELIEVES THAT ALL PAYMENTS ARE AT MARKET VALUE. 0 X 3 76518 PROCEEDS FROM SALE X 1 15000 APPRAISED VALUE 0 0 1 1 PART I, COLUMN (B): THE NUMBER IN COLUMN (B) REFLECTS THE NUMBER OF CONTRIBUTORS. PART I, LINE 32B: REALTORS ARE TYPICALLY USED TO SELL REAL PROPERTY DONATED TO THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 2 TRUSTEES BARRY E. WHITAKER AND GARRY WHITAKER - FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PROVIDED TO THE MEMBERS OF THE BUSINESS AFFAIRS COMMITTEE OF THE BOARD OF TRUSTEE FOR THEIR REVIEW AND COMMENT BEFORE FINALIZING THE RETURN. THE FINALIZED COPY OF THE FORM 990, WITH NAMES AND ADDRESSES REDACTED ON SCHEDULE B, WAS MADE AVAILABLE TO THE FULL BOARD OF TRUSTEES THROUGH EMAIL, HARD COPY, OR POSTING ON THE UNIVERSITY WEBSITE RESTRICTED TO TRUSTEE USE. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY DISTRIBUTES A COPY OF THE CONFLICT OF INTEREST POLICY, AS STATED IN THE UNIVERSITY'S BYLAWS, TO THE BOARD OF TRUSTEES AND ADMINISTRATIVE OFFICERS. THE TRUSTEES ARE ASKED ANNUALLY TO SIGN A FORM CONFIRMING THAT THEY HAVE READ AND UNDERSTAND THE UNIVERSITY'S CONFLICT OF INTEREST POLICY AND AGREE TO DISCLOSE ANY ACTIVITIES, INTERESTS OR RELATIONSHIPS THAT MAY CREATE A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES MEETS ANNUALLY TO EVALUATE THE PERFORMANCE OF TOP MANAGEMENT OFFICIALS INCLUDING OFFICERS AND KEY EMPLOYEES. DURING THIS EVALUATION PROCESS THEY COMPLETE QUESTIONAIRES AND RATINGS OF THE PRESIDENT IN VARIOUS AREAS, AS WELL AS EXAMINE COMPARATIVE STATISTICAL AND SALARY INFORMATION PROVIDED BY THE NORTH CAROLINA ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES. THEY DISCUSS AND DECIDE ON THE PRESIDENT'S AND CHANCELLOR'S SALARY FOR THE UPCOMING FISCAL YEAR. THE COMMITTEE ALSO REVIEWS SALARY RECOMMENDATIONS FOR THE SENIOR ADMINISTRATIVE STAFF WHICH ARE APPROVED BY THE BOARD DURING THE BUDGET PROCESS. FORM 990, PART VI, SECTION C, LINE 19 REQUESTS MADE IN PERSON WILL BE MADE AVAILABLE WITHIN FIVE BUSINESS DAYS. REQUESTS MADE IN WRITING WILL BE MADE AVAILABLE WITHIN 30 DAYS. DOCUMENTS ARE MADE AVAILABLE FOR THE PERIOD OF TIME SET FORTH IN 6104(D). FORM 990, PART XI, LINE 9: CHAGE IN VALUE OF SPLIT INTEREST AGREEMENTS 48,234. FORM 990 PART XII LINE 2C: THE BUSINESS AFFAIRS COMMITTEE ASSUMES REPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE UNIVERSITY'S FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT AUDITOR.