2020-06-22T14:35:43-05:00 2019-06-30 570381582 ELLIOTT DAVIS LLCPLLC 500 EAST MOREHEAD STREET SUITE 700 CHARLOTTE NC 28202 990 2018-07-01 560529990 PFEIFFER UNIVERSITY PFEI 7044631360 PO BOX 960 MISENHEIMER NC 28109 DR SCOTT W BULLARD PRESIDENT 7044631360 2020-06-16 1 JANICE A RATICA P00358837 7043338881 2020-05-29 104.129.205.7 2020-06-16 14:27:42 ED P 99AFABE94547B544723E04EEA8F4500EFBDE7EE5 99AFABE94547B544723E04EEA8F4500EFBDE7EE5 2018 2020-09-23 17:36:50Z DR SCOTT W BULLARD PO BOX 960 MISENHEIMER NC 28109 41086189 0 X WWW.PFEIFFER.EDU X 1938 NC PFEIFFER UNIVERSITY IS A COMPREHENSIVE UNITED METHODIST-RELATED UNIVERSITY, WITH MULTIPLE CAMPUSES AND DELIVERY SYSTEMS, COMMITTED TO EDUCATIONAL EXCELLENCE, SERVICE, AND SCHOLARSHIP. WITHIN NURTURING COMMUNITIES OF LEARNERS, WE VALUE DIVERSITY AND PROMOTE THE ATTAINMENT OF FULL ACADEMIC AND PERSONAL POTENTIAL THROUGH ACCESSIBLE UNDERGRADUATE AND GRADUATE PROGRAMS. IT IS THE VISION OF THE UNIVERSITY THAT OUR STUDENTS EMBRACE THE CHRISTIAN VALUES OF HUMAN DIGNITY, INTEGRITY, AND SERVICE AND BECOME SERVANT LEADERS AND LIFELONG LEARNERS. 27 27 350 600 0 0 4660355 3437643 31428137 34623183 1323542 2352519 112155 639940 37524189 41053285 11940323 13864034 0 0 16131822 15870735 0 0 612604 12665741 13849411 40737886 43584180 -3213697 -2530895 38449569 61698644 17731212 45356946 20718357 16341698 X PFEIFFER UNIVERSITY IS A COMPREHENSIVE UNITED METHODIST-RELATED UNIVERSITY, WITH MULTIPLE CAMPUSES AND DELIVERY SYSTEMS, COMMITTED TO EDUCATIONAL EXCELLENCE, SERVICE, AND SCHOLARSHIP. WITHIN NURTURING COMMUNITIES OF LEARNERS, WE VALUE DIVERSITY AND PROMOTE THE ATTAINMENT OF FULL ACADEMIC AND PERSONAL POTENTIAL THROUGH ACCESSIBLE UNDERGRADUATE AND GRADUATE PROGRAMS. IT IS THE VISION OF THE UNIVERSITY THAT OUR STUDENTS EMBRACE THE CHRISTIAN VALUES OF HUMAN DIGNITY, INTEGRITY, AND SERVICE AND BECOME SERVANT LEADERS AND LIFELONG LEARNERS. 0 0 30786992 13864034 35149755 IN 2018 FACULTY AND STAFF FROM PFEIFFER UNIVERSITY PARTICIPATED IN A WIDE ARRAY OF CHARITABLE ENDEAVORS. STUDENTS BEGAN A STUDENT CHAPTER OF HABITAT FOR HUMANITY, STANLY COUNTY, AND VOLUNTEERED EVERY SATURDAY. WE SERVED OVER 100 STUDENTS VIA OUR ANGEL TREE PROGRAM (CHRISTMAS GIFTS). WE GREW PRODUCE IN OUR HUNGER GARDEN AND DONATED TO LOCAL NON-PROFITS. VOLUNTEERS ALSO PARTICIPATED IN SERVICE HOURS AT THE FOLLOWING ORGANIZATIONS: SPRING ARBOR, PAWS - HUMANE SOCIETY, SALISBURY/ROWAN PFLAG, SACC-SPECIAL OLYMPICS, SCHOOL OF EDUCATION. 30786992 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 1 334 0 1 350 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 27 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NC X ROBIN S LESLIE 7044631360 48380 US HWY 52 MISENHEIMER NC 28109 SAMUEL J ASBURY IV TRUSTEE 1.00 X 0 0 0 BILL R BEDSOLE TRUSTEE 1.00 X 0 0 0 JULIANNE BRITTAIN TRUSTEE 1.00 X 0 0 0 JANE S CRISCO TRUSTEE 1.00 X 0 0 0 ANNE DANIEL TRUSTEE 1.00 X 0 0 0 ROGER L DICK TRUSTEE 1.00 X 0 0 0 LAWRENCE GROVES TRUSTEE 1.00 X 0 0 0 G SCOTT MIDDLETON TRUSTEE 1.00 X 0 0 0 DAVID B MILLER TRUSTEE 1.00 X 0 0 0 STEVEN K PUGH TRUSTEE 1.00 X 0 0 0 RUSSELL C RING TRUSTEE 1.00 X 0 0 0 MARSHALL C ROGERS TRUSTEE 1.00 X 0 0 0 ALBERT L ROSE TRUSTEE 1.00 X 0 0 0 AATLAS JAMES RUSSELL TRUSTEE 1.00 X 0 0 0 ARCH Y STOKES TRUSTEE 1.00 X 0 0 0 TERRY V SWICEGOOD TRUSTEE 1.00 X 0 0 0 RICK THAMES TRUSTEE 1.00 X 0 0 0 TOMY A ALDRIDGE EX-OFFICIO 1.00 X 0 0 0 LAURA H AUTEN EX-OFFICIO 1.00 X 0 0 0 DAVID HOLLAR EX-OFFICIO (NON-VOTING) 1.00 X 0 0 0 KAYLIE HYATT EX-OFFICIO (NON-VOTING) 1.00 X 0 0 0 PAUL LEELAND EX-OFFICIO 1.00 X 0 0 0 DELLA D RAINES EX-OFFICIO 1.00 X 0 0 0 NANCY REIGEL EX-OFFICIO 1.00 X 0 0 0 JULIA WILLIS EX-OFFICIO 1.00 X 0 0 0 CHRISTOPHER L BRAMLETT EMERITUS 1.00 X 0 0 0 THOMAS GRADY EMERITUS 1.00 X 0 0 0 WILLIAM GRIGG EMERITUS 1.00 X 0 0 0 H ROBERT HEROLD II EMERITUS 1.00 X 0 0 0 WARREN D KNAPP JR EMERITUS 1.00 X 0 0 0 RICHARD L PETTY EMERITUS 1.00 X 0 0 0 GEORGE E THOMPSON EMERITUS 1.00 X 0 0 0 GEORGE P WATERS EMERITUS 1.00 X 0 0 0 ROBERT J BRIETZ CHAIRMAN 1.00 X 0 0 0 KATHLEEN E KENNEDY SECRETARY 1.00 X 0 0 0 JOY T MELTON JD VICE CHAIRMAN 1.00 X 0 0 0 BENNY MERRELL TREASURER 1.00 X 0 0 0 DR COLLEEN KEITH PRESIDENT (THROUGH 5/31/2019) 40.00 X 194450 0 10301 JEFFREY PLYLER VP OF FINANCE/CFO (THROUGH 10/22/2018) 40.00 X 85191 0 13247 ROBIN LESLIE VP OF FINANCE/CFO 40.00 X 0 0 0 DR SCOTT W BULLARD PRESIDENT (STARTING 5/28/2019) 40.00 X 0 0 0 DR KENNETH RUSSELL VP FOR DTT & CIO 40.00 X 189558 0 19183 BRENDA DIAZ DIR OF PA PROGRAM 40.00 X 126641 0 17893 CATHERINE HURD VP OF ENROLLMENT MANAGEMENT & ATHLETICS 40.00 X 121294 0 8733 DR TRACY ESPY PROVOST/VP FOR ACADEMIC AFFAIRS 40.00 X 115460 0 17707 ROBERT FUZY VP FOR ADVANCEMENT 40.00 X 103074 0 7912 935668 0 94976 6 0 1 0 SODEXO FOOD SERVICE INC PO BOX 960 MISENHEIMER NC 28109 FOOD SERVICES 1836903 SODEXO INC & AFFILIATES PO BOX 536922 ATLANTA GA 303536922 MAINTENANCE SERVICES 1266885 STOKES CONSTRUCTION INC 618 NORTH SECOND ST ALBEMARLE NC 28001 CONTRACTOR 757401 FIRST TRYON SECURITIES 1355 GREENWOOD CLIFF CHARLOTTE NC 28204 FINANCIAL ADVISORY SERVICES 273410 LITTLE DIVERSIFIED ARCHITECTURAL 615 COLLEGE STREET CHARLOTTE NC 28202 ARCHITECTURAL SERVICES 240705 16 38030 333766 3065847 301461 3437643 TUITION 611310 28334948 28334948 DORMITORY FEES 611310 3238086 3238086 FOOD SERVICES 722100 2491430 2491430 OTHER PROGRAM SERVICES 900099 558719 558719 34623183 2352519 2352519 121542 0 121542 121542 121542 24730 38030 32904 -8174 -8174 18273 0 18273 18273 RECOVERY OF BAD DEBT 900099 506457 506457 MISCELLANEOUS REVENUE 900099 1842 1842 508299 41053285 35149755 0 2465887 13864034 13864034 308027 220072 78708 9247 12833385 9168920 3279218 385247 1811914 1271824 487941 52149 917409 677576 189354 50479 79797 79797 2780249 1213462 1509135 57652 230444 25802 204636 6 768837 459877 305378 3582 1161930 21628 1140158 144 2269389 1598522 670867 863076 635120 227208 748 127052 93802 32865 385 421716 144909 276807 1942783 937393 1005390 309033 114805 194228 STUDENT BOARD 1691512 0 1691512 0 BAD DEBT EXPENSE 649334 0 649334 0 SPECIAL EVENTS 242186 164259 50673 27254 OTHER EXPENSES 167608 108948 36449 22211 144465 66039 74926 3500 43584180 30786992 12184584 612604 178741 606971 466336 22964448 2693526 1957987 1005526 1048008 581823 410447 30112 26283 209779 59391 48380374 28366801 18245613 20013573 12960048 12275503 1845642 1889726 232423 446307 38449569 61698644 3936681 5429867 2000977 1612448 10547296 35633698 218794 118474 1027464 2562459 17731212 45356946 X -2403927 -7666067 6541821 6792344 16580463 17215421 20718357 16341698 38449569 61698644 X -2530895 1022 -79797 -1766989 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 15252892 532240 1202856 2272722 14715266 15798327 1148377 1239188 2933000 15252892 17239249 214116 2213744 3868782 15798327 18633039 282268 -76884 961557 485266 152351 17239249 19005313 19005313 0.00500 0.90000 0.09500 0 0 501873 501873 33867145 20925141 12942004 10051854 7441520 2610334 3959502 140 3959362 20013573 SETTLEMENT LIABILITY 1525000 ANNUITIES PAYABLE 93914 ADVANCES FROM FEDERAL GOVERNMENT 943545 2562459 X 27142358 32904 32904 27109454 79797 13864034 13943831 41053285 29673253 32904 32904 29640349 79797 13864034 13943831 43584180 PART III, LINE 4: FRAMED ORIGINAL PHOTOGRAPH OF DR. MARTIN LUTHER KING, JR. AND DR. VERNON MACK HERRON THE MARCH FROM SELMA TO MONTGOMERY, AL IN 1965. ALSO, INCLUDED IS A GENEOLOGY COLLECTION OF BOOKS, DOCUMENTS AND MEMORABILIA FROM DR. HERRON THESE INCLUDE HIS WRITINGS ON THE CIVIL RIGHTS MOVEMENT. PART X, LINE 2: THE UNIVERSITY IS A TAX-EXEMPT ENTITY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). THE CAMPUS IS A SINGLE MEMBER LIMITED LIABILITY COMPANY AND IS THEREFORE DISREGARDED FOR INCOME TAX PURPOSES. ACCORDINGLY, THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION OR LIABILITY FOR FEDERAL AND STATE INCOME TAXES. THE UNIVERSITY HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF JUNE 30, 2019 AND 2018. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE NETTED AGAINST REVENUE 32,904. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 13,864,034. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE NETTED AGAINST REVENUE 32,904. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 13,864,034. 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 UNIVERSITY INCLUDES THE RACIALLY NON-DISCRIMINATORY POLICY IN ALL ITS BROCHURES, CATALOGUES AND OTHER WRITTEN COMMUNICATIONS WITH THE PUBLIC THAT RELATE TO STUDENT ADMISSIONS, PROGRAMS, AND SCHOLARSHIPS. SCHEDULE E, PART I, LINE 6 EXPENDITURES OF FEDERAL AWARDS SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT, FEDERAL DIRECT LOAN PROGRAM, FEDERAL WORK STUDY, PELL GRANT PROGRAM, FEDERAL PERKINS LOAN PROGRAM. EXPENDITURES OF STATE AWARDS NC NEED-BASED SCHOLARSHIP PROGRAM, NC FORGIVEABLE EDUCATION LOANS FOR SERVICE, GOLDEN LEAF SCHOLARS PROGRAM. CRISCO GOLF TOURNAMENT 23420 13280 10140 1200 2000 2900 100 5000 HC BLACK & GOLD GALA 39340 24750 14590 6310 10035 1726 3633 62760 38030 24730 1200 8310 12935 1826 8633 32904 -8174 1 SCHOLARSHIPS 1098 13864034 PART I, LINE 2: SCHOLARSHIPS ARE MONITORED EACH YEAR BY FINANCIAL AID IN CONJUNCTION/CONSULTATION WITH THE ADVANCEMENT DEPARTMENT. X 1 1 X X X 0 0 0 0 0 0 0 0 0 DR COLLEEN KEITH PRESIDENT (THROUGH 5/31/2019) 194450 0 0 0 0 0 3981 0 6320 0 204751 0 0 0 DR KENNETH RUSSELL VP FOR DTT & CIO 189558 0 0 0 0 0 3983 0 15200 0 208741 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE ARE GRANTED TO EMPLOYEES THAT ARE REQUIRED TO LIVE ON CAMPUS, ARE PART-TIME COACHES, OR IF INCLUDED IN THE TERMS OF EMPLOYMENT. INFORMATION REGARDING THE HOUSING ALLOWANCE/RESIDENCE IS CONTAINED IN THE EMPLOYEES' OFFER LETTERS AND SUCH EMPLOYEES SIGN A CONTRACT EACH JULY FOR THE UPCOMING LEASE TERM. BARRY KEITH FAMILY MEMBER OF OFFICER 45205 COMPENSATION FOR SERVICES. COMPENSATION IS NEGOTIATED AT ARM'S LENGTH AND IS AT FAIR MARKET VALUE. 0 X 92 COST X 1681 FMV X 5 143858 FMV X 1 102301 TAX RECORD X MISCELLANEOUS 111 21884 COST X SOFTBALL SCOREBOARD 1 15000 COST X USED TORO FIELD GROOMER 1 8500 COST X SOFTBALL FIELD MATERIALS 1 4145 COST X SOFTBALL FIELD IRRIGATION SYSTEM 1 4000 COST 0 0 1 1 PART I, LINE 32B: PFEIFFER UNIVERSITY CONTRACTS WITH AN ONLINE AUCTION COMPANY FOR ASSISTANCE WITH THE ANNUAL HOMECOMING AUCTION. THE COMPANY PROVIDES A SPECIFIC WEB ADDRESS WHERE CONSTITUENTS CAN BID ONLINE AND PROVIDE MAXIMUM BIDS PRIOR TO THE LIVE AUCTION AT HOMECOMING. FORM 990, PART VI, SECTION B, LINE 11B PFEIFFER UNIVERSITY'S FORM 990 IS SENT TO THE PRESIDENT, CFO, AND ALL BOARD OF TRUSTEE MEMBERS FOR INDIVIDUAL REVIEW BEFORE THE RETURN IS SUBMITTED. THE FINANCE COMMITTEE WILL REVIEW IN DETAIL AT A SCHEDULED MEETING PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C PFEIFFER UNIVERSITY REQUIRES ALL TRUSTEES TO COMPLETE A CONFLICTS OF INTEREST FORM ANNUALLY, WHICH IS REVIEWED BY THE PRESIDENT'S OFFICE. IN THE EVENT OF A POTENTIAL CONFLICT DURING THE YEAR, THE INTERESTED PERSON SHALL RECUSE HIMSELF/HERSELF FROM DISCUSSIONS AND VOTE ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES OR FINANCE COMMITTEE ANNUALLY REVIEWS COMPARABLE EXTERNAL DATA AND BENCHMARKS, AS WELL AS PERFORMANCE IN DETERMINING APPROPRIATE COMPENSATION. THE DECISION IS DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS FORM 1023 AND FORM 990 AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART XI, LINE 9: LEGAL SETTLMENT WITH TECHNOLOGY PROVIDER -1,225,000. CHANGE IN ANNUITY VALUATION 10,105. CHANGE IN CSV 189,560. INVESTMENT GAIN ON PLANT -21,976. DEFICIENCY OF ACTUAL INVESTMENT RETURN -719,678. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR PERIOD. CAMPUS AT PFEIFFER LLC 4701 PARK ROAD CHARLOTTE NC 28209 205671256 CAMPUS CAPITAL PROJECTS NC 0 0 PFEIFFER UNIVERSITY