2020-05-14T15:09:06-05:00 2019-06-30 560727655 CANNON & COMPANY LLP 2160 COUNTRY CLUB RD WINSTONSALEM NC 271044208 990 2018-07-01 560594591 PIEDMONT INTERNATIONAL UNIVERSITY PIED 3367258344 420 SOUTH BROAD STREET WINSTONSALEM NC 27101 MR CHRISTOPHER RONK CFO 3367258344 2020-05-13 VALERIE D KIGER P01732917 3367250635 2020-05-13 X 167.68.16.49 2020-05-14 15:09:06 CD P 7F8DA1CA24E96FDB236727D7A786CEDCD9823B05 72E4654AF3618287BA0899A0C2D271D2119A5832 2018 2020-09-23 17:36:50Z DR CHARLES W PETITT 420 SOUTH BROAD STREET WINSTONSALEM NC 27101 14631681 false X WWW.PIEDMONTU.EDU X 1947 NC PIEDMONT INTERNATIONAL UNIVERSITY IS AN ESTABLISHED PROVIDER OF QUALITY, BIBLE-CENTERED HIGHER EDUCATION. LOVE FOR GOD AND STUDENTS DRIVES OUR PASSION TO GRADUATE MEN AND WOMEN WHO ARE THOROUGHLY EQUIPPED TO BE SUCCESSFUL LEADERS WHO OBEY THE GREAT COMMANDMENT, FULFILL THE GREAT COMMISSION, AND LIVE ABUNDANT LIVES FOR THE GLORY OF GOD. 32 32 291 16 0 8536158 2714053 6060860 8151669 129301 634015 114118 99204 14840437 11598941 1452953 1932056 0 3873053 5378533 0 942163 3700190 5408556 9026196 12719145 5814241 -1120204 15230558 16273835 7406984 9735169 7823574 6538666 X PIEDMONT INTERNATIONAL UNIVERSITY IS AN ESTABLISHED PROVIDER OF QUALITY, BIBLE-CENTERED HIGHER EDUCATION. LOVE FOR GOD AND STUDENTS DRIVES OUR PASSION TO GRADUATE MEN AND WOMEN WHO ARE THOROUGHLY EQUIPPED TO BE SUCCESSFUL LEADERS WHO OBEY THE GREAT COMMANDMENT, FULFILL THE GREAT COMMISSION, AND LIVE ABUNDANT LIVES FOR THE GLORY OF GOD. false false 6095034 1932056 6680987 INSTRUCTION, ACADEMIC SUPPORT AND STUDENT SERVICES ASSOCIATED WITH THE PROVISION OF ASSOCIATE, BACCALAUREATE, MASTER AND DOCTORAL PROGRAMS IN RESIDENT AND ONLINE FORMATS (APPROXIMATELY 820 STUDENTS IN FALL, SPRING AND SUMMER) 3961728 1470682 AUXILIARY AND OTHER SERVICES IN REGARD TO THE UNIVERSITY'S PROVISION FOR HIGHER EDUCATION INCLUDING DORMITORIES, FOOD SERVICE, BOOKSTORE, SPORTING EVENTS AND OTHER MISCELLANEOUS STUDENT SERVICES. 10056762 true true false false false false false false false true true false false true true true true false true true true false true false false false false false true false false false false true false false false false false false false false false false false false false true 76 0 true 291 true false false false false false false false false false false false false false false X 32 32 true false false false false false false true true false false false true true true true false true true false NC X PIEDMONT INTERNATIONAL UNIV 3367147939 420 S BROAD ST WINSTONSALEM NC 27101 MS NANCYE ALLOWAY TRUSTEE 1.00 X 0 0 0 MR TONY ALFORD TREASURER 1.00 X X 0 0 0 REV DENNIS BISHOP TRUSTEE 1.00 X 0 0 0 MS DANA BRYSON TRUSTEE 1.00 X 0 0 0 MRS KAROLYN CHAPMAN TRUSTEE 1.00 X 0 0 0 REV BRIAN COCKRAM SECRETARY 1.00 X X 0 0 0 MR JASON COPLAND TRUSTEE 1.00 X 0 0 0 DR ALAN COX TRUSTEE 1.00 X 0 0 0 DR TONY CRISP TRUSTEE 1.00 X 0 0 0 MR CARLTON DEATON TRUSTEE 1.00 X 0 0 0 DR ROB DECKER TRUSTEE 1.00 X 0 0 0 MR MARK JACKSON TRUSTEE 1.00 X 0 0 0 DR MIKE HAND TRUSTEE 1.00 X 0 0 0 DR TERNAE JORDAN TRUSTEE 1.00 X 0 0 0 REV JOHN KING TRUSTEE 1.00 X 0 0 0 DR DAVID LEAVELL TRUSTEE 1.00 X 0 0 0 DR MARK MILLER TRUSTEE 1.00 X 0 0 0 MR MIKE MITCHENER TRUSTEE 1.00 X 0 0 0 MR VW PETERS TRUSTEE 1.00 X 0 0 0 DR HERB RAWLINGS TRUSTEE 1.00 X 0 0 0 MR PHILLIP SMITH TRUSTEE 1.00 X 0 0 0 REV RICK SPEAS VICE CHAIRMA 1.00 X X 0 0 0 DR LEE STACKHOUSE TRUSTEE 1.00 X 0 0 0 MRS CINDY STEELE TRUSTEE 1.00 X 0 0 0 MR MARK STEELE TRUSTEE 1.00 X 0 0 0 MS MENA PARRISH TRUSTEE 1.00 X 0 0 0 MR CLETIS TITUS TRUSTEE 1.00 X 0 0 0 MR DALE TRAXLER TRUSTEE 1.00 X 0 0 0 REV SHAHN WILBURN CHAIRMAN 1.00 X X 0 0 0 MR ABIE WILLIAMS TRUSTEE 1.00 X 0 0 0 MRS CHRISTIE WILLIAMS TRUSTEE 1.00 X 0 0 0 EC HASKELL TRUSTEE 1.00 X 0 0 0 DR CHARLES W PETITT PRESIDENT 40.00 X 124356 0 7994 DR STEPHEN M CONDON CHANCELLOR 40.00 X 77750 0 2858 DR BETH ASHBURN PROVOST 40.00 X 76127 0 4366 MR CHRISTOPHER RONK CFO 40.00 X 72500 0 1598 DR BYRON EDENS VICE PRESIDE 40.00 X 66963 0 9338 417696 26154 1 false false false 87073 2626980 16360 2714053 TUITION AND FEES 611710 6680987 6680987 SALES AND AUXILIARY 611710 1470682 1470682 8151669 70116 70116 596 596 22405 22405 22405 22405 2024811 1571828 1822329 1210411 202482 361417 563899 563899 MISCELLANEOUS INCOME 611710 32048 32048 RECOVERY OF BAD DEBTS 611710 11543 11543 STUDENT LIFE FINES 611710 9850 9850 22762 22762 76203 11598941 8227872 657016 1714179 1714179 217877 217877 538654 244633 220024 73997 4286930 3712844 198765 375321 295903 174073 101427 20403 257046 206312 21093 29641 16382 16382 259698 259698 69378 11217 7605 50556 663545 663545 372588 372588 231509 180982 30855 19672 374077 82472 291605 297643 297643 130885 48503 82382 MEAL PLAN 692825 692825 REPAIRS AND MAINTENANCE 482163 482163 PROFESSIONAL SERVICES 338965 17394 261703 59868 MISC EXPENSE 334917 77330 227721 29866 1143981 860182 260658 23141 12719145 10056762 1720220 942163 1467974 1094018 117941 39426 113272 1841129 751576 844467 50507 52656 372537 308288 810 63327 125244 10223367 5298546 2494537 4924821 2047821 886136 778606 31650 6971650 6126000 15230558 16273835 339701 1056407 185097 253967 689991 158160 4255318 3601811 1927222 4656148 9655 8676 7406984 9735169 X 1230108 2277451 3922002 1554751 2671464 2706464 7823574 6538666 15230558 16273835 X -1120204 -164704 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2671464 35000 89657 73275 16382 2706464 792064 1879400 55459 42005 13454 2671464 792064 35759 33293 2466 792064 525333 266731 11152 8745 2407 792064 324097 213634 667 10480 2585 525333 1.00000 false false 2175373 2175373 5210837 3258542 1952295 2837157 2040004 797153 4924821 ASSETS HELD FOR SALE 6126000 6126000 WATERS ANNUITY 5393 RICKARD ANNUITY 3283 8676 X 9485286 -164704 -164704 9649990 1948951 1948951 11598941 10770194 10770194 1948951 1948951 12719145 SCHEDULE D, PAGE 3, PART X THE UNIVERSITY IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE AND CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE FOUNDATION. THE UNIVERSITY BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS THE UNIVERSITY'S FORMS 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, FOR THE YEARS ENDING JUNE 30, 2019, 2018, AND 2017 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. SCHEDULE D, PAGE 4, PART XI, LINE 4B TUITION NET OF SCHOLARSHIPS AND GRANTS ON FINANCIAL STMT 1,932,056 INVESTMENT FEES 16,382 DISPOSAL OF ASSETS 513 SCHEDULE D, PAGE 4, PART XII, LINE 4B SCHOLARSHIPS AND GRANTS NET WITH TUITION ON FINANCIAL STMT 1,932,056 INVESTMENTS FEES 16,382 DISPOSAL OF ASSETS\ 513 true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 PIEDMONT INTERNATIONAL UNIVERSITY PUBLISHES THIS INFORMATION IN THE STUDENT HANDBOOK AS WELL AS ADVERTISING THROUGH LOCAL MEDIA. SCHEDULE E, LINE 6 FINANCIAL AID IS RECEIVED FROM THE DEPARTMENT OF EDUCATION FOR QUALIFYING STUDENTS. THE COLLEGE'S FEDERAL ASSISTANCE CONSISTS OF: FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT, FEDERAL FAMILY EDUCATION LOANS, FEDERAL WORK STUDY, FEDERAL PELL GRANT PROGRAM AND FEDERAL ACADEMIC COMPETITIVENESS GRANT. true FINANCIAL AID CENTRAL AMERICA AND THE CARIBEAN 11 30974 TUITION DISCOUN BOOK FINANCIAL AID EAST ASIA AND THE PACIFIC 3 9328 TUITION DISCOUN BOOK FINANCIAL AID EUROPE 2 7042 TUITION DISCOUN BOOK FINANCIAL AID NORTH AMERICA 11 51210 TUITION DISCOUN BOOK FINANCIAL AID SOUTH AMERICA 5 3968 TUITION DISCOUN BOOK FINANCIAL AID SOUTH ASIA 17 71490 TUITION DISCOUN BOOK FINANCIAL AID SUB-SAHARAN AFRICA 20 39945 TUITION DISCOUN BOOK FINANCIAL AID AUSTRALIA 1 1904 TUITION DISCOUN FINANCIAL AID EAST AFRICA 1 2016 TUITION DISCOUN false false false false false false SCHEDULE F, PAGE 1, PART I, LINE 2 INTERNATIONAL STUDENTS: THESE STUDENTS ARE AWARDED VARIOUS NONCASH DISCOUNTS IN THE FORM OF TUITION SCHOLARSHIPS. THEY DO NOT RECEIVE REFUNDS FROM THEIR ACCOUNT, NOR DO THEY RECEIVE AWARDS THAT EXCEED THEIR CHARGES. THE MAJORITY OF THESE FALL INTO THE FOLLOWING CATEGORIES: PARTNERING PROGRAMS: THESE STUDENTS PAY A PORTION (ABOUT 1/3) OF THE COST, THEN RECEIVE DISCOUNTS/SCHOLARSHIPS FOR THE REST. ABOUT HALF OF THESE SCHOLARSHIPS ARE FUNDED BY PARTNERING ORGANIZATIONS OR DONORS, THE OTHER HALF ARE FUNDED FROM THE BUDGET. WE WORK CLOSELY WITH THE PARTNERING ORGANIZATIONS TO SELECT QUALIFYING STUDENTS. TEACH ALL NATIONS AND VISION SCHOLARS: THESE STUDENTS HAVE BEEN SELECTED AS OUTSTANDING INTERNATIONAL STUDENTS TO RECEIVE UP TO 100% TUITION DISCOUNTS/SCHOLARSHIPS. THESE STUDENTS TYPICALLY ONLY PAY THE FEES (SOME PAY A PORTION OF TUITION). THE MAJORITY OF THESE AWARDS ARE FUNDED BY RESTRICTED GIFTS. OUR ULTIMATE GOAL OVER THE NEXT 20 YEARS IS TO HAVE ONE SCHOLARSHIP RECIPIENT FROM EVERY COUNTRY IN THE WORLD. STANDARD INSTITUTIONAL AID: INTERNATIONAL STUDENTS WHO ENROLL THROUGH OUR TRADITIONAL PROGRAMS QUALIFY FOR MANY OF THE SAME AWARDS THAT OTHER STUDENTS RECEIVE. THESE ARE MOSTLY FUNDED FROM OUR BUDGET. MANY OF THESE STUDENTS COME TO THE US ON A STUDENT VISA AND ATTEND CLASSES ON THE MAIN CAMPUS. true SCHOLARSHIPS 818 1714179 BOOK SCHEDULE I, PAGE 1, PART I, LINE 2 PIU EVALUATES ELIGIBILITY BY RECEIVING WRITTEN REPRESENTATIONS AND FROM REVIEW OF A STUDENTS FILE. ITEMS TO BE CHECKED INCLUDE PIUS APPLICATION, HIGH SCHOOL DIPLOMA, DROP/ADD FORMS, AND WITHDRAWAL FORMS. ONCE A STUDENT HAS COMPLETED THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) APPLICATION, PIU SUBMITS IT ELECTRONICALLY TO ED. ONCE IT IS PROCESSED THE STUDENT WILL RECEIVE A STUDENT AID REPORT AND THE SCHOOL WILL RECEIVE AN ISIR. THE ISIR IS KEPT IN THE STUDENTS FINANCIAL AID FILE. THE ISIR CONTAINS THE EFC AMOUNT, WHICH IS THE AMOUNT THE STUDENT IS EXPECTED TO PAY, THE COST OF ATTENDANCE IS FOUND ON WORKSHEETS GENERATED BY WEBER. THE EFC AND COA ARE BOTH USED TO CALCULATE FINANCIAL NEED. THE ISIR ALSO PROVIDES FINANCIAL AID HISTORY, MATCHES SOCIAL SECURITY DATA, SELECTIVE SERVICE DATA AND CHECKS CITIZENSHIP. FFEL- CHECKS FROM LOAN INSTITUTIONS ARE REQUESTED FROM STUDENTS THROUGH LOAN APPLICATIONS. LOAN APPLICATIONS ARE CERTIFIED BY PIU AND SENT BY STUDENT FINANCIAL AID OFFICE. MONEY IS DEPOSITED INTO A SEPARATE BANK ACCOUNT USING ACH/EFT SYSTEM. ONCE PIU RECEIVES THE DISBURSEMENT RECORD FROM THE LENDER, THE FINANCIAL AID OFFICE BATCHES THE LOANS AND SENDS THEM TO THE BUSINESS OFFICE. THE BUSINESS OFFICE VERIFIES FUNDS AND THEN CREDITS THE STUDENTS ACCOUNT. SOMETIMES CHECKS ARE SENT IN THE STUDENTS AND PIUS NAME. THESE ARE DEPOSITED SEPARATELY INTO THE BANK ACCOUNT BY THE BUSINESS OFFICE. CHECKS ARE SIGNED BY THE STUDENT, AND PIU POSTS CHECKS TO THE STUDENT'S ACCOUNT. LOANS COME IN TWO DISBURSEMENTS - GENERALLY ONE FOR FIRST SEMESTER AND ONE FOR SECOND. THE WHOLE DISBURSEMENT IS APPLIED TO THE STUDENTS ACCOUNT. COST OF ATTENDANCE IS ALWAYS GREATER THAN LOAN PROCEEDS AND ALL OTHER FINANCIAL ASSISTANCE. ANY EXCESS CAN BE WITHDRAWN BY THE STUDENT FOR LIVING EXPENSES. PELL, SEOG & FWS - PIU IS GIVEN AN INITIAL AUTHORIZATION FOR FUNDS BY THE DEPARTMENT OF EDUCATION FOR WHICH IT CANNOT EXCEED. PIU CALLS DOWN THE FUNDS THROUGH GAPS AND THE MONEY IS ELECTRONICALLY DEPOSITED INTO A SEPARATE FEDERAL FUNDS ACCOUNT AT LEXINGTON STATE BANK, THEN THEY ARE SWEPT INTO AN INVESTMENT ACCOUNT EACH NIGHT BY THE BANK. THE FUNDS ARE ONLY REQUESTED AFTER DISBURSEMENT TO STUDENTS ACCOUNT, PER FWS, FUNDS ARE PAID TO THE STUDENTS THROUGH PIU PAYROLL AS EARNED. NANCYE ALLOWAY TRUSTEE X 100000 100000 false true true NANCYE ALLOWAY TRUSTEE CHARITABLE GIFT ANNUITY X 113000 58160 false true true CHRISTOPHER RONK CFO CONT ED CONTRACT X 52656 false true true 210816 FORM 990 - ORGANIZATION'S MISSION PIEDMONT INTERNATIONAL UNIVERSITY IS AN ESTABLISHED PROVIDER OF QUALITY, BIBLE-CENTERED HIGHER EDUCATION. LOVE FOR GOD AND STUDENTS DRIVES OUR PASSION TO GRADUATE MEN AND WOMEN WHO ARE THOROUGHLY EQUIPPED TO BE SUCCESSFUL LEADERS WHO OBEY THE GREAT COMMANDMENT, FULFILL THE GREAT COMMISSION, AND LIVE ABUNDANT LIVES FOR THE GLORY OF GOD. FORM 990, PAGE 6, PART VI, LINE 2 CINDY STEELE MARK STEELE TRUSTEE TRUSTEE SPOUSE FORM 990, PAGE 6, PART VI, LINE 11B THE 990 IS REVIEWED BY THE FINANCE COMMITTEE BEFORE IT IS FILED. FORM 990, PAGE 6, PART VI, LINE 12C OFFICERS, TRUSTEES AND KEY EMPLOYEES ARE REQUIRED TO COMPLETE A YEARLY SURVEY AND AGREE WITH THE POLICY THAT IS CURRENTLY IN PLACE. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD MEETS IN EXECUTIVE SESSION TO CONSIDER SALARIES FOR TOP OFFICIALS. COMPENSATION IS DETERMINED BY BUDGET CONTRAINTS AS WELL AS INPUT FROM THE PRESIDENT AND BOARD MEMBERS. FORM 990, PAGE 6, PART VI, LINE 15B THE BOARD MEETS IN EXECUTIVE SESSION TO CONSIDER SALARIES FOR TOP OFFICIALS. COMPENSATION IS DETERMINED BY BUDGET CONTRAINTS AS WELL AS INPUT FROM THE PRESIDENT AND BOARD MEMBERS. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 TUITION NET OF SCHOLARSHIPS AND GRANTS ON FINANCIAL STMT -1,932,056 INVESTMENT FEES -16,382 DISPOSAL OF ASSETS -513 SCHOLARSHIPS AND GRANTS NET WITH TUITION ON FINANCIAL STMT 1,932,056 INVESTMENTS FEES 16,382 DISPOSAL OF ASSETS\ 513