2020-07-14T06:14:49-05:00 2019-06-30 560574444 CHERRY BEKAERT LLP 1111 METROPOLITAN AVE STE 900 CHARLOTTE NC 28204 990 2018-07-01 560767736 WARREN WILSON COLLEGE WARR 8282983325 PO BOX 9000 ASHEVILLE NC 288159000 BELINDA BURKE VP FOR ADMIN AND FINANCE, CFO 8282983325 2020-07-09 1 AMANDA ADAMS P00748038 7043771678 75.138.101.114 2020-07-09 16:57:20 ED P 0B670C8C210F0245D71F1F8B052AA4E3CE9649D0 7F6CCF0CB4081015FD8E7383A60227A55661592A 2018 2020-09-23 17:36:50Z DR LYNN M MORTON PO BOX 9000 ASHEVILLE NC 288159000 71948379 0 X WWW.WARREN-WILSON.EDU X 1962 NC THE MISSION OF WARREN WILSON COLLEGE IS TO PROVIDE A DISTINCTIVE UNDERGRADUATE AND GRADUATE LIBERAL ARTS EDUCATION THAT COMBINES ACADEMICS, WORK, AND SERVICE IN A LEARNING COMMUNITY COMMITTED TO ENVIRONMENTAL RESPONSIBILITY, CROSS-CULTURAL UNDERSTANDING, AND THE COMMON GOOD. 25 20 1625 25 -107190 0 6471647 4797818 26685878 31750143 1523738 1983458 856703 61841 35537966 38593260 10704427 12593683 0 0 15020727 14147424 0 0 872226 11070499 13775577 36795653 40516684 -1257687 -1923424 102845469 102390809 20096247 20782554 82749222 81608255 X THE MISSION OF THE COLLEGE IS TO PROVIDE A DISTINCTIVE UNDERGRADUATE AND GRADUATE LIBERAL ARTS EDUCATION THAT COMBINES ACADEMICS, WORK, AND SERVICE IN A LEARNING COMMUNITY COMMITTED TO ENVIRONMENTAL RESPONSIBILITY, CROSS-CULTURAL UNDERSTANDING, AND THE COMMON GOOD. 0 0 34477968 12593683 30633021 EDUCATIONAL PROGRAM:MOST PROGRAMS RENDERED ARE RELATED TO PROVIDING STUDENTS FOUR-YEAR LIBERAL ARTS DEGREES THROUGH AN INTEGRATED TRIAD OF ACADEMIC STUDY, USEFUL AND PRODUCTIVE WORK, AND SERVICE TO OTHERS BEYOND THE CAMPUS COMMUNITY. THE FULL-TIME EQUIVALENT ENROLLEMNT AT THE COLLEGE DURING THE 2018-2019 ACADEMIC YEAR WAS APPROXIMATELY 667 UNDERGRADUATE STUDENTS. A TOTAL OF 143 STUDENTS (BOTH GRADUATE AND UNDERGRADUATE) STUDENTS GRADUATED FROM THE COLLEGE DURING THE YEAR. A LOW-RESIDENCY GRADUATE PROGRAM IN CREATIVE WRITING LEADING TO A MASTER OF FINE ARTS DEGREE IS ALSO OFFERED, AND AVERAGES AROUND 84 ENROLLEES. THE COLLEGE PREPARED STUDENTS REPRESENTING A BROADLY DIVERSE WORLD FOR SERVICE, LEADERSHIP, AND MEANINGFUL LIFELONG WORK AND STUDY BY OFFERING AN EDUCATIONAL PROGRAM THAT ENABLES STUDENTS TO THINK CRITICALLY, OBTAIN AND EVALUATE INFORMATION EFFECTIVELY, AND COMMUNICATE CLEARLY, INTRODUCING THEM TO A VARIETY OF WAYS BY WHICH HUMANS ACQUIRE AND USE KNOWLEDGE, AND THAT PROVIDES STUDENTS WITH OPPORTUNITIES TO DEVELOP A BREADTH OF UNDERSTANDING AND TO MAKE CONNECTIONS AMONG AREAS CONSIDERED CRITICAL TO A LIBERAL ARTS CURRICULUM, REQUIRING THAT THEY DEMONSTRATE A DEPTH OF UNDERSTANDING THROUGH COMPETENCE IN ONE OR MORE ACADEMIC DISCIPLINES. ENVIRONMENTAL STUDIES IS THE MAJOR WITH THE LARGEST NUMBER OF STUDENTS, IN KEEPING WITH ANOTHER INSTITUTIONAL OBJECTIVE, THAT OF PROMOTING ENVIRONMENTAL RESPONSIBILITY THROUGH EDUCATION, CAMPUS OPERATIONS, POLICY, AND COMMUNITY OUTREACH. THE COLLEGE ALSO FURNISHES STUDENTS WITH OPPORTUNITIES TO UNDERSTAND AND APPRECIATE A VARIETY OF CULTURES, ASSISTING THEM IN DEVELOPING AWARENESS OF THE COMMONALITY OF HUMAN PROBLEMS AND THE DIVERSITY OF THE WORLD. TOWARD THESE ENDS, THE COLLEGE SPONSORED A NUMBER OF STUDY AWAY DESTINATIONS LED BY THE COLLEGE'S FACULTY AND STAFF IN INDONESIA, THAILAND, BORNEO, IRELAND, TANZANIA, ITALY, AND ALASKA TO WHICH 49 STUDENTS TRAVELED. IN ADDITION, 15 STUDENTS STUDIED AWAY INDEPENDENTLY WITH PARTNER INSTITUTIONS OR OTHER US ACCREDITED PROGRAMS IN 13 DIFFERENT LOCATIONS INCLUDING: LATIN AMERICA, EUROPE, AND ASIA.THE TRIAD CONCEPT OF EDUCATION ALSO LEADS STUDENTS INTO CONSIDERED REFLECTION ON THE MEANING AND VALUE OF WORK AND SERVICE TO OTHERS, GUIDING STUDENTS IN EXAMINING THEIR LIVES AND ARTICULATING THEIR BELIEFS AND VALUES, AND PROVIDES THEM WITH OPPORTUNITIES FOR PERSONAL, PHYSICAL, MORAL, AND SPIRITUAL DEVELOPMENT. TOWARDS THESE ENDS, THE COLLEGE ORGANIZED DIVERSE WORK CREWS IN THE COLLEGE WORK PROGRAM DURING THE YEAR, WITH APPROXIMATELY 599 STUDENTS PARTICIPATING IN THE FALL OF 2018 AND 524 STUDENTS PARTICIPATING IN THE SPRING OF 2019. THE ANNUAL COLLEGE-WIDE WORK DAY YIELDED ABOUT 253 STUDENT PARTICIPANTS AND ABOUT 55 FACULTY/STAFF PARTICIPANTS. IN THE COMMUNITY ENGAGEMENT PROGRAM, 564 STUDENTS COMPLETED 37,156 VOLUNTEER HOURS AT 200 LOCAL, NATIONAL, AND INTERNATIONAL AGENCIES DURING THE YEAR. FOR THE COLLEGE'S ANNUAL SERVICE DAY, OVER 325 STUDENTS, FACULTY, AND STAFF PARTICIPATED AT 18 SITES.THE COLLEGE ALSO BEGAN OFFERING A NEW LOW RESIDENCY MASTER OF ARTISAN CRITICAL CRAFT PROGRAM IN THE FISCAL YEAR WHICH AVERAGED 12 ENROLLEES IN ITS INAUGURAL YEAR. 644738 1117122 PUBLIC SERVICES PROGRAM:THE SWANNANOA GATHERING IS A SERIES OF WEEKLY EDUCATION SUMMER MUSIC WORKSHOPS HELD ON THE WARREN WILSON COLLEGE CAMPUS EACH JULY AND AUGUST. THE ENROLLMENT IS LIMITED, WITH AN OPEN FORMAT, WHICH ALLOWS EACH STUDENT TO SELECT THEIR OWN CURRICULUM FROM A VARIETY OF COURSES WITH DIFFERENT EXPERIENCE LEVELS AND ABILITIES. HOUSING AND MEALS FOR PARTICIPANTS IS AN OPTION. THE NORTH CAROLINA DEPARTMENT OF PUBLIC INSTRUCTION HAS ALLOWED 3 HOURS OF TEACHING CERTIFICATE RENEWAL CREDITS, WITH PRIOR APPROVAL, FOR EACH WEEK OF THE SERIES. TOTAL STUDENTS IN THE SUMMER OF 2019 WERE 1,494, RANGING BETWEEN 72 AND 336 PARTICIPANTS FOR EACH OF THE FIVE WEEKS. 35122706 1 1 0 0 0 0 0 1 1 1 1 1 0 1 1 1 0 1 1 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 301 0 1 1625 1 1 1 0 0 0 0 1 1 0 0 0 1 0 0 0 X 25 20 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 1 0 X MARY DAVIS 8282983325 701 WARREN WILSON ROAD SWANNANOA NC 28778 LYNN M MORTON PRESIDENT, EX-OFFICIO TRUSTEE 40.00 X X 218745 0 35902 WILLIAM H CHRISTY CHAIR 1.00 X X 0 0 0 CARMEN CASTALDI VICE CHAIR 1.00 X X 0 0 0 R MICHAEL CONDREY TREASURER 1.00 X X 0 0 0 JESSICA L CULPEPPER SECRETARY 1.00 X X 0 0 0 TERRY BELLAMY TRUSTEE 1.00 X 0 0 0 DONALD R COOPER TRUSTEE 1.00 X 0 0 0 NATHAN GAZAWAY TRUSTEE 1.00 X 0 0 0 CARLA H GREENFIELD TRUSTEE 1.00 X 0 0 0 DAVID W GREENFIELD TRUSTEE 1.00 X 0 0 0 LYN O'HARE EX-OFFICIO STAFF TRUSTEE 1.00 X 44502 0 10750 SUELLEN A HUDSON TRUSTEE 1.00 X 0 0 0 ELIZABETH H HUSE EX-OFFICIO TRUSTEE 1.00 X 3956 0 0 STEVEN M KANE TRUSTEE 1.00 X 0 0 0 WILLIAM LARAMEE TRUSTEE 1.00 X 0 0 0 ELISA MASSIMINO TRUSTEE 1.00 X 0 0 0 JENNIFER L MOZOLIC EX-OFFICIO FACULTY TRUSTEE 1.00 X 43380 0 5841 R MICHAEL NOWAK EX-OFFICIO TRUSTEE 1.00 X 1786 0 0 SUSAN E PAULY TRUSTEE 1.00 X 0 0 0 DEBORAH L REAMER TRUSTEE 1.00 X 0 0 0 ANTHONY S RUST TRUSTEE 1.00 X 0 0 0 GEORGE ANDREW SCOTT TRUSTEE 1.00 X 0 0 0 LEWIS C SUTHERLAND TRUSTEE 1.00 X 0 0 0 JEAN W VEILLEUX TRUSTEE 1.00 X 0 0 0 F LACHICOTTE ZEMP JR TRUSTEE 1.00 X 0 0 0 PAUL BARTELS INTERIM VP FOR ACADEMIC AFFAIRS/DEAN 40.00 X 79117 0 12096 SUZANNE GARLAND VP FOR ADVANCEMENT 40.00 X 115322 0 14787 JANELLE HOLMBOE VP FOR ENROLLMENT 40.00 X 80128 0 7874 CATHERINE KRAMER VP FOR APPLIED LEARNING 40.00 X 117497 0 822 PAUL PERRINE DEAN OF STUDENT LIFE 40.00 X 68444 0 28492 PAULA GARRETT PROFESSOR, FORMER OFFICER 40.00 X 123669 0 15799 896546 0 132363 4 1 1 0 MB HAYNES 187 DEAVERVIEW ROAD ASHEVILLE NC 28806 CONSTRUCTION 1833625 SODEXO INC & AFFILIATES PO BOX 536922 ATLANTA GA 30322 FOOD SERVICE CONTRACTOR 1718661 MEKETA FIDUCIARY MANAGEMENT LLC 100 LOWDER BROOK DR STE 1100 WESTWOOD MA 09090 OUTSOURCED CIO 170126 ANCHOR STEAM 80 AZAELA ROAD EAST ASHEVILLE NC 28805 BOILER REPAIR 165970 LORD AECK SARGE 1175 PEACHTREE STREET NE STE 2400 ATLANTA GA 30361 ARCHITECT 144057 9 930395 3867423 102904 4797818 TUITION AND FEES 611710 23784435 23784435 ROOM AND BOARD 611710 6194673 6194673 SWANNANOA GATHERING 611710 1117122 1117122 CONFERENCES 611710 231166 231166 AUXILIARY ENTERPRISES 611710 191751 191751 230996 230996 31750143 1034745 2784 1031961 153734 0 153734 153734 153734 33205325 738380 32699481 295511 505844 442869 948713 948713 250153 360127 -109974 -109974 GAIN FROM INSURANCE PROCEEDS 900099 18081 18081 18081 38593260 31750143 -107190 2152489 12593683 12593683 715961 216382 369931 129648 10812860 9040496 1320707 451657 53115 36449 14463 2203 1850655 1502290 280842 67523 714833 548525 135525 30783 87587 87587 97065 97065 306975 306975 357644 228271 129373 286938 284930 2008 973513 710688 221275 41550 255165 68819 186346 3435294 3151539 283755 468276 381216 60289 26771 498246 457091 41155 2412272 2190536 221736 236063 236063 FOOD SERVICES 1803262 1766828 22582 13852 2557277 1944963 506083 106231 40516684 35122706 4521752 872226 850 763 9346866 7853038 337102 179052 457297 439098 1440 0 216032 186043 463466 529746 85542555 49004203 36087867 36538352 42493615 36363483 7347154 14479735 6093780 5821499 102845469 102390809 1607545 940447 2218897 2681727 79204 72287 15615548 16345023 575053 743070 20096247 20782554 X 29472927 28229091 21398066 20838711 31878229 32540453 82749222 81608255 102845469 102390809 X -1923424 724290 58167 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 55788 X 0 0 1 X 57141473 689867 1906646 3619362 45997 56072627 57489465 693402 2441390 1548617 1934167 57141473 56191045 846289 3868997 1516055 1900811 57489465 59576473 603463 -214987 1780513 1993141 250 56191045 58421985 754106 4263919 1832796 2030241 500 59576473 0.16510 0.58030 0.25460 1 0 2964593 2964593 64682887 39614058 25068829 14366893 8798787 5568106 3528182 591358 2936824 36538352 ALTERNATIVE INVESTMENTS 14479735 F 14479735 BENEFICIAL INTEREST IN REMAINDER TRUSTS 5774271 OTHER ASSETS 47228 5821499 ANNUITY PAYABLE 419047 OBLIGATIONS UNDER CAPITAL LEASE 324023 743070 X 27044881 724290 418294 1142584 25902297 97280 12593683 12690963 38593260 28185848 360127 360127 27825721 97280 12593683 12690963 40516684 PART III, LINE 4: THE COLLEGE HAS ARTWORK THAT HAS BEEN DONATED OVER THE YEARS ON DISPLAY THROUGHOUT THE COLLEGE CAMPUS. PART IV, LINE 2B: THE COLLEGE HOLDS FUNDS FOR A VARIETY OF ACADEMIC, INSTITUTIONAL, AND STUDENT GROUPS AND ACCOUNTS FOR ADDITIONS TO AND DISTRIBUTIONS FROM THESE FUNDS SEPARATELY. PART V, LINE 4: THE INTENDED USES OF THE COLLEGE'S ENDOWMENT FUNDS ARE FOR SCHOLARSHIPS, STAFF/FACULTY DEVELOPMENT, BUILDING AND EQUIPMENT MAINTENANCE, AND OTHER ACADEMIC PROGRAMS. PART X, LINE 2: THE COLLEGE'S POLICY IS TO EVALUATE ALL TAX POSITIONS AND TO CONSULT WITH EXPERTS TO IDENTIFY THOSE THAT MAY BE CONSIDERED UNCERTAIN. ALL IDENTIFIED MATERIAL TAX POSITIONS WILL BE ASSESSED AND MEASURED BY A REASONABLY POSSIBLE THRESHOLD TO DETERMINE IF THE BENEFIT OF AN UNCERTAIN TAX POSITION SHOULD BE RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS. ANY CHANGES IN THE AMOUNT OF A TAX POSITION WILL BE RECOGNIZED IN THE PERIOD THE CHANGE OCCURS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN SPLIT-INTEREST AGREEMENTS 58,167. COST OF GOODS SOLD 360,127. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS/FELLOWSHIPS NETTED WITH TUITION ON FINANCIAL STATEMENTS 12,593,683. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 360,127. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS/FELLOWSHIPS NETTED WITH TUITION ON FINANCIAL STATEMENTS 12,593,683. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 NONDISCRIMINATORY POLICIES OF THE COLLEGE ARE MADE KNOWN TO ALL SCHOOLS AND AREAS VISITED BY THE ADMISSIONS PERSONNEL AS WELL AS IN ALL COLLEGE LITERATURE. SCHEDULE E, PART I, LINE 6 WARREN WILSON COLLEGE RECEIVES FEDERAL AND STATE FINANCIAL AID AND GRANTS. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 4208137 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 1452322 SUB-SAHARAN AFRICA 0 2 PROGRAM SERVICES STUDY ABROAD TRIPS 19552 EAST ASIA AND THE PACIFIC 0 1 PROGRAM SERVICES STUDY ABROAD TRIPS 40507 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STUDY ABROAD TRIPS 43305 0 3 0 0 0 3 5763823 0 5763823 1 0 1 1 0 0 PART I, LINE 3: EXPENDITURES ARE ACCOUNTED FOR ON THE ACCRUAL BASIS OF ACCOUNTING. PARTS I AND IV THE COLLEGE HAS OWNERSHIP IN VARIOUS FOREIGN ENTITIES AS A RESULT OF ALTERNATIVE INVESTMENTS THAT ARE A PART OF THE COLLEGE'S INVESTMENT PORTFOLIO. THE AMOUNT REPORTED IN PART I, COLUMN F IS THE FAIR MARKET VALUE OF THE INVESTMENTS HELD AT THE END OF THE YEAR. 1 SCHOLARSHIPS AND FELLOWSHIPS 705 0 12593683 TUITION RATES TUITION ASSISTANCE PART I, LINE 2: THE OFFICE OF ADVANCEMENT WORKS WITH DONORS TO ESTABLISH GUIDELINES FOR THE USE AND DISBURSEMENT OF ANY DONATED FUNDS ACCORDING TO THE DONORS' WISHES. THE DONORS' RESTRICTIONS ARE PUT IN WRITING WITH COPIES MAINTAINED IN THE ADVANCEMENT OFFICE, THE CONTROLLER'S OFFICE, AND THE FINANCIAL AID OFFICE, IF APPLICABLE. IF THE DONATION IS FOR GRANTS OR SCHOLARSHIPS TO BE DISTRIBUTED BY THE FINANCIAL AID OFFICE, THE FINANCIAL AID OFFICE MAINTAINS A SPREADSHEET OF GRANT TITLES AND RESTRICTIONS WHICH ARE UPDATED AS NEEDED. A PERMANENT ELECTRONIC FILE IS ALSO MAINTAINED. THE GRANTS OR SCHOLARSHIPS ARE "MATCHED" WITH AN ELIGIBLE RECIPIENT BY THE FINANCIAL AID OFFICE. THE FINAL STEP IN THE PROCESS IS A RANDOM AUDIT CONDUCTED ONCE A YEAR BY AN OUTSIDE AUDIT FIRM. NEED-BASED GRANTS WERE AWARDED TO WARREN WILSON COLLEGE STUDENTS BASED ON FAFSA (FREE APPLICATION FOR FEDERAL STUDENT AID) RESULTS. FAFSA RESULTS WERE NOT REQUIRED TO BE CONSIDERED FOR MERIT SCHOLARSHIPS, BUT MANY OF THESE DOLLARS WERE USED TO MEET THE FEDERAL DEFINITION OF "NEED". X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 LYNN M MORTON PRESIDENT, EX-OFFICIO TRUSTEE 218745 0 0 0 0 0 0 0 35902 0 254647 0 0 0 PAULA GARRETT PROFESSOR, FORMER OFFICER 123669 0 0 0 0 0 0 0 15799 0 139468 0 0 0 PART I, LINE 1A THE COLLEGE PROVIDES HOUSING AND WEEKLY HOUSEKEEPING SERVICES TO THE PRESIDENT FOR THE CONVENIENCE OF THE EMPLOYER SO THAT THE PRESIDENT CAN PERFORM ESSENTIAL COLLEGE BUSINESS AND ACTIVITIES AT THE HOME. THESE AMOUNTS ARE NONTAXABLE COMPENSATION AND ARE REPORTED AS SUCH IN SCHEDULE J, PART II, COLUMN D. X 1 1 $1 FOR BOOK X 13 102903 FMV 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 TRUSTEES CARLA AND DAVID GREENFIELD HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE AMENDED TO MAKE CHANGES REGARDING THE FOLLOWING: 1) APPOINTMENTS AND THE COMPOSITION OF THE EXECUTIVE COMMITTEE AND OTHER BOARD COMMITTEES; 2) TENURE OF THE TRUSTEE FROM THE PRESBYTERIES WAS UPDATED FROM TWO YEARS TO THREE YEARS; AND 3) IN LIEU OF LISTING VARIOUS VICE PRESIDENT POSITIONS AT THE COLLEGE AS OFFICERS OF THE COLLEGE, THE BYLAWS WERE UPDATED TO PROVIDE THAT THE PRESIDENT SHALL APPOINT ONE OR MORE VICE PRESIDENTS TO SERVE AS OFFICERS AT THE PRESIDENT'S DISCRETION. FORM 990, PART VI, SECTION B, LINE 11B KEY PERSONNEL AND TRUSTEES REVIEW THE FORM 990 BEFORE IT IS SIGNED, INCLUDING THE VP FOR ADMINISTRATION AND FINANCE/CFO, THE CONTROLLER, THE CHAIR OF THE STANDING AUDIT COMMITTEE AND THE CHAIR OF THE BOARD. THE FULL BOARD IS PROVIDED ACCESS TO THE PUBLIC DISCLOSURE COPY OF THE RETURN ON A PASSWORD-PROTECTED WEBSITE, WITH A NOTICE THAT THE FULL FILING COPY IS AVAILABLE FOR REVIEW IN THE CONTROLLER'S OFFICE. THIS IS DONE TO PROTECT DONOR INFORMATION WHILE STILL GIVING THE BOARD ACCESS TO ALL INFORMATION AS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE COLLEGE HAS A WRITTEN CONFLICT OF INTEREST POLICY WHICH SPECIFIES IN DETAIL THOSE CIRCUMSTANCES GIVING RISE TO A POTENTIAL CONFLICT OF INTEREST ON THE PART OF THE COLLEGE TRUSTEES. PURSUANT TO THIS POLICY, TRUSTEES MUST FILE AN ANNUAL REPORT SPECIFYING ANY RELATIONSHIPS OR ACTIVITIES WHICH MIGHT POSSIBLY CONSTITUTE A CONFLICT. THESE REPORTS ARE REVIEWED BY THE CHAIR OF THE AUDIT COMMITTEE AND THE CHAIR OF THE BOARD OF TRUSTEES. ANY ISSUES RAISED BY A SPECIFIC REPORT ARE RESOLVED ACCORDING TO THE PROCEDURES OUTLINED IN THE CONFLICT OF INTEREST POLICY. A SIMILAR POLICY FOR EMPLOYEES OF THE COLLEGE DEFINES CONFLICT OF INTEREST AND RELATED TERMS AND OUTLINES A PROCEDURE FOR DISCLOSURE, REPORTING, AND COMPLIANCE WITH THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT'S COMPENSATION PACKAGE IS APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS BASED ON AN ASSESSMENT OF MARKET COMPARABLES FOR SIMILAR POSITIONS AT SCHOOLS OF SIMILAR SIZE AND LOCATION. THE PRESIDENT APPROVES THE COMPENSATION PACKAGES FOR OTHER OFFICERS OF THE COLLEGE IN COORDINATION WITH HUMAN RESOURCES. THE BOARD WOULD APPROVE TOTAL COMPENSATION INCREASES AS PART OF THE ANNUAL BUDGET PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE AT THE DISCRETION OF MANAGEMENT. FORM 990, PART XI, LINE 9: CHANGE IN SPLIT-INTEREST AGREEMENTS 58,167. WARREN WILSON COLLEGE FOUNDATION LLC PO BOX 9000 ASHEVILLE NC 288159000 474468713 RENTAL NC 723395 13751209 WARREN WILSON COLLEGE