2019-12-06T08:24:45-06:00 2019-05-31 560574444 CHERRY BEKAERT LLP 1111 METROPOLITAN AVE STE 900 CHARLOTTE NC 28204 990 2018-06-01 560530251 CATAWBA COLLEGE CATA 7046374463 2300 W INNES STREET SALISBURY NC 28144 NELSON A MURPHY VP OF BUSINESS/FINANCE AND COO 7046374463 2019-11-21 1 AMANDA ADAMS P00748038 7043771678 40.137.115.169 2019-11-21 15:41:34 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 88D7A88AFC1BC15DCE619246A085D52B39BEAA6C 2018 2020-04-17 16:48:07Z BRIEN LEWIS 2300 W INNES STREET SALISBURY NC 28144 77416194 0 X WWW.CATAWBA.EDU X 1925 NC CATAWBA COLLEGE WAS FOUNDED IN NEWTON, NORTH CAROLINA, IN 1851 BY THE GERMAN REFORMED CHURCH. THE COLLEGE - WHICH IS TODAY AFFILIATED WITH THE UNITED CHURCH OF CHRIST - MOVED TO ITS PRESENT LOCATION IN SALISBURY IN 1925. THE COLLEGE ENDEAVORS TO ATTRACT STUDENTS BOTH NATIONALLY AND INTERNATIONALLY OF GOOD ABILITY AND CHARACTER. A PRIVATE, CO-EDUCATIONAL INSTITUTION, CATAWBA OFFERS THE BACHELOR OF ARTS, BACHELOR OF ARTS-EDUCATION, BACHELOR OF BUSINESS ADMINISTRATION, BACHELOR OF FINE ARTS, BACHELOR OF SCIENCE, AND MASTER OF EDUCATION TO TRADITIONAL AND NON-TRADITIONAL STUDENTS. THE COLLEGE ALSO SERVES THE PUBLIC THROUGH EDUCATIONAL OUTREACH AND VOLUNTEER SERVICE PROGRAMS FOR THE WORLD COMMUNITY. 24 23 811 0 0 6945 19160379 29840810 43519308 44412038 1601512 1653295 0 0 64281199 75906143 22480738 23726274 0 0 19401509 19536922 0 0 764934 15811221 15943310 57693468 59206506 6587731 16699637 150476316 165328150 28130194 26396086 122346122 138932064 X CATAWBA COLLEGE IS COMMITTED TO PROVIDING STUDENTS AN EDUCATION RICH IN PERSONAL ATTENTION THAT BLENDS THE KNOWLEDGE AND COMPETENCIES OF LIBERAL STUDIES WITH CAREER PREPARATION. CATAWBA COLLEGE DRAWS STRENGTH FROM JUDEO-CHRISTIAN VALUES, SUSTAINS A DYNAMIC COMMUNITY OF LEARNERS AND SEEKS TO UNITE A DIVERSE POPULATION OF STUDENTS, FACULTY AND STAFF AS ACTIVE CO-PARTICIPANTS IN SCHOLARSHIP AND SERVICE. CATAWBA COLLEGE PREPARES STUDENTS TO REACH THEIR HIGHEST POTENTIAL WHILE BECOMING RESPONSIBLE CITIZENS WITH ZEAL TO ENRICH HUMAN LIFE. 0 0 47788366 23726274 44412038 CATAWBA COLLEGE IS A PRIVATE, COEDUCATIONAL, AND RESIDENTIAL INSTITUTION OFFERING CAREER PREPARATION GROUNDED IN THE LIBERAL ARTS TRADITION. WE OFFER OVER 70 ACADEMIC FIELDS OF STUDY INCLUDING STRONG SCIENCE AND PRE-PROFESSIONAL PROGRAMS. 1,301 STUDENTS WERE SERVED DURING THE 2018-2019 FISCAL YEAR, WITH EACH STUDENT BEING PROVIDED FINANCIAL ASSISTANCE. 47788366 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 1 0 0 0 0 1 0 0 0 1 141 0 1 811 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 24 23 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 1 0 NC X NELSON A MURPHY 7046454535 2300 W INNES STREET SALISBURY NC 28144 WILLIAM M GRAHAM CHAIRMAN 1.00 X X 0 0 0 ROBERT B ARNOLD JR VICE CHAIRMAN 1.00 X X 0 0 0 THOMAS E BURDETTE TREASURER 1.00 X X 0 0 0 DEBORAH W MESSINGER SECRETARY 1.00 X X 0 0 0 C SHUFORD ABERNETHY III DIRECTOR 1.00 X 0 0 0 GREGORY M ALCORN DIRECTOR 1.00 X 0 0 0 MARK G ALEXANDER DIRECTOR 1.00 X 0 0 0 DARLENE L BALL DIRECTOR 1.00 X 0 0 0 GWIN CARTER BARR DIRECTOR 1.00 X 0 0 0 MICHAEL S BAUK DIRECTOR 1.00 X 0 0 0 DANIEL T BROSS DIRECTOR 1.00 X 0 0 0 SARA D COOK DIRECTOR 1.00 X 0 0 0 NANCY F COUNCILL DIRECTOR 1.00 X 0 0 0 RANDALL CRUMPLER MD DIRECTOR 1.00 X 0 0 0 THOMAS S DENNARD DIRECTOR 1.00 X 0 0 0 DOLAN HUBBARD DIRECTOR 1.00 X 0 0 0 YAKIR MALUL DIRECTOR 1.00 X 0 0 0 BARBARA L MARSHALL DIRECTOR 1.00 X 0 0 0 RICHARD J SEIWELL DIRECTOR 1.00 X 0 0 0 FRED J STANBACK JR DIRECTOR 1.00 X 0 0 0 LEE B SYRIA DIRECTOR 1.00 X 0 0 0 CHARLES D TAYLOR JR DIRECTOR 1.00 X 0 0 0 MONA L WALLACE DIRECTOR 1.00 X 0 0 0 SALLY WHITNEY DIRECTOR 1.00 X 0 0 0 BRIEN LEWIS PRESIDENT 40.00 X 299494 0 77120 NELSON MURPHY VP OF BUSINESS/FINANCE AND COO 40.00 X 184306 0 47458 CONNIE LOWERY PROVOST 40.00 X 138275 0 35606 KENNETH CLAPP SENIOR VICE PRESIDENT 40.00 X 98294 0 25311 ELAINE HOLDEN VICE PRESIDENT OF ADMISSIONS 40.00 X 82399 0 21218 JARED TICE SR. VP FOR THE COLLEGE EXPERIENCE 40.00 X 48137 0 0 LARRY LECKONBY ATHLETIC DIRECTOR 40.00 X 148799 0 38316 JAMES HAND DEAN 40.00 X 104195 0 26830 STEPHEN HIATT PROFESSOR 40.00 X 101671 0 26181 CURTIS WALKER FOOTBALL COACH 40.00 X 104193 0 26829 JOSEPH M WILSON PROFESSOR 40.00 X 100306 0 25828 1410069 0 350697 8 0 1 0 VERTEX CONSTRUCTION COMPANY LLC 723 CORPORATE CIRCLE SALISBURY NC 28148 CONSTRUCTION 2445072 CHARTWELLS DINING SERVICES 3 INTERNATIONAL DRIVE RYE BROOK NY 10573 DINING SERVICES 2197950 HVAC TECHNOLOGIES INC 142 SOUTH IREDELL INDUSTRIAL PARK R MOORESVILLE NC 28115 CONSTRUCTION 611840 CLARKPOWELL CORPORATION 110 REGENT DRIVE WINSTONSALEM NC 27103 AV EQUIPMENT 452866 FLOORING SOLUTIONS INC PO BOX 3088 INDIAN TRAIL NC 28079 CONSTRUCTION 438362 22 29840810 944243 29840810 TUITION AND FEES 900099 34938044 34938044 AUXILIARY INCOME 900099 8045824 8045824 ATHLETIC INCOME 900099 218162 218162 1210008 1210008 44412038 1561348 1561348 1417352 184646 1341242 168809 76110 15837 91947 91947 75906143 44412038 0 1653295 23726274 23726274 1057618 786978 244978 25662 15137854 11264148 3491588 382118 292571 217703 70420 4448 1943372 1446072 462877 34423 1105507 822613 255504 27390 19560 12175 7385 141315 87961 53354 3687201 2295092 1392109 181986 113277 68709 912272 567842 343224 1206 281725 175359 106366 2000081 254313 1739318 6450 1255332 1109575 103560 42197 195046 121406 73640 691767 542826 148941 2410463 1891479 518984 484958 61663 423295 DINING 1649698 1026852 418815 204031 SUPPLIES 1256074 781841 474233 STUDENT ACTIVITIES 358311 223030 90966 44315 417521 259887 164940 -7306 59206506 47788366 10653206 764934 8225433 18309017 17058200 17694356 1005376 1924434 1126380 949518 69007 69212 124941 222312 126886198 62675887 60856072 64210311 53948763 53896591 30611 30611 2047219 203065 5984314 7818723 150476316 165328150 2288081 2430067 1487828 1890890 126166 137649 18558454 17957820 5669665 3979660 28130194 26396086 X 27887105 24189621 44069572 61479972 50389445 53262471 122346122 138932064 150476316 165328150 X 16699637 632572 -746267 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 67245000 901000 2257000 2381000 68022000 61876000 1816000 5729000 2176000 67245000 56557000 1213000 6113000 2007000 61876000 56818000 1018000 532000 1811000 56557000 53348000 1128000 4091000 1749000 56818000 0.73520 0.26480 0 0 338700 2544052 2882752 88185395 45461071 42724324 27075383 13957821 13117562 8742668 3256995 5485673 64210311 ANNUITIES PAYABLE 378599 LIABILITY UNDER TRUST AGREEMENTS 1916435 ASSET RETIREMENT OBLIGATION 1166515 CAPITAL LEASE OBLIGATIONS 518111 3979660 X 52840115 632572 -23726274 -23093702 75933817 -27674 -27674 75906143 36254173 27674 746267 773941 35480232 23726274 23726274 59206506 PART IV, LINE 2B: DEPOSITS HELD IN CUSTODY FOR OTHERS ARE AMOUNTS BEING HELD FOR STUDENT CLUBS/ORGANIZATIONS THROUGH AGENCY TRANSACTIONS. PART V, LINE 4: THE COLLEGE'S ENDOWMENT CONSISTS OF APPROXIMATELY 570 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES BASED ON DONOR-IMPOSED RESTRICTIONS IN THE RELATIVE GIFT INSTRUMENT. THE PRIMARY USE OF FUNDS IS TO SUPPORT THE CAUSE OF HIGHER EDUCATION. PART X, LINE 2: THE COLLEGE IS EXEMPT FROM FEDERAL AND STATE INCOME TAXATION UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC"). IN ACCORDANCE WITH IRC REGULATIONS, THE COLLEGE IS TAXED ON UNRELATED BUSINESS INCOME, WHICH CONSISTS OF EARNINGS FROM ACTIVITIES NOT RELATED TO THE EXEMPT PURPOSE OF THE COLLEGE. THE COLLEGE ACCOUNTS FOR TAX UNCERTAINTIES BASED ON A MORE LIKELY THAN NOT RECOGNITION THRESHOLD WHEREBY TAX BENEFITS ARE ONLY RECOGNIZED WHEN THE COLLEGE BELIEVES THAT THEY HAVE A GREATER THAN 50% LIKELIHOOD OF BEING SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS SHOWN NET OF TUITION REVENUE -23,726,274. PART XI, LINE 4B - OTHER ADJUSTMENTS: OTHER LOSSES -27,674. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN LIABILITY UNDER TRUST AGREEMENTS 701,697. CHANGE IN BENEFICIAL INTERESTS IN TRUSTS 44,570. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS SHOWN NET OF TUITION REVENUE 23,726,274. 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 INCLUDED IN ALL MEDIA AND IN ALL LITERATURE DISTRIBUTED. ADDITIONALLY, IT IS POSTED IN THE LOCAL NEWSPAPER WITH ALL JOB ADVERTISEMENTS (THIS IS DONE SEVERAL TIMES A YEAR). SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES ASSISTANCE FROM SEVERAL DIFFERENT GOVERNMENTAL AGENCIES. U.S. DEPARTMENT OF EDUCATION: FEDERAL PERKINS LOAN PROGRAM (DISCONTINUED DURING FY 2018-2019) FEDERAL WORK STUDY PROGRAM FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAM FEDERAL DIRECT STUDENT LOANS FEDERAL PELL GRANT PROGRAM NATIONAL SCIENCE FOUNDATION: EDUCATION AND HUMAN RESOURCES NORTH CAROLINA STATE EDUCATION ASSISTANCE AUTHORITY: NORTH CAROLINA NEED GRANT NORTH CAROLINA PERSPECTIVE TEACHERS NORTH CAROLINA NATIONAL GUARD TUITION GRANT NORTH CAROLINA FORGIVABLE LOAN NORTH CAROLINA GOLDEN LEAF GRANT EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS 121170 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS 21660 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS 53423 0 0 0 0 0 0 196253 0 196253 0 0 0 0 0 0 PART I, LINE 3: THE ACCRUAL METHOD WAS USED TO ACCOUNT FOR EXPENDITURES REPORTED IN PART I. 1 SCHOLARSHIPS & TUITION DISCOUNTS 1301 4055361 19670913 TUITION RATES REDUCED TUITION RATES PART I, LINE 2: PROCEDURES FOR APPLYING FOR FINANCIAL AID: WHENEVER POSSIBLE, CATAWBA COLLEGE WILL SUPPLEMENT THE FINANCIAL RESOURCES OF A STUDENT THROUGH MERIT, PERFORMANCE-BASED, AND NEED-BASED SCHOLARSHIPS AND GRANTS. A POTENTIAL STUDENT APPLIES AND IS ACCEPTED TO CATAWBA COLLEGE. AT THE TIME OF THEIR ACCEPTANCE, MERIT AID IS DETERMINED BY THE ADMISSIONS COUNSELOR ACCEPTING THE APPLICATION BASED ON A MATRIX CHART THAT HAS BEEN SET UP WITH REGARD TO GPA AND SAT SCORES, LIVING ON OR OFF CAMPUS, AND A SEPARATE TRANSFER STUDENT MATRIX. SCHOLARSHIPS ARE APPLIED DIRECTLY TO THE STUDENTS' ACCOUNT AND, THUS, MUST BE USED FOR EDUCATIONAL PURPOSES. WITH REGARDS TO ATHLETICS AT CATAWBA COLLEGE, THE FINANCIAL AID OFFICE MONITORS ALL ATHLETES TO MAKE SURE THEY DO NOT GO OVER CONFERENCE REGULATIONS REGARDING BOOKS AND SUPPLIES. CATAWBA COLLEGE REFERS TO THE NCAA DIVISION II MANUAL FOR POLICIES REGARDING STUDENT ATHLETES. THE FINANCIAL AID DIRECTOR SIGNS OFF ON THE SQUAD LISTS AND CHECKS FOR ELIGIBILITY WITH THE COMPLIANCE DIRECTOR. THE ASSOCIATE DIRECTOR OF FINANCIAL AID IS RESPONSIBLE FOR ENTERING THE ATHLETIC INFORMATION INTO THE CAI SYSTEM. THE CAI SYSTEM IS ALSO USED TO DETERMINE EQUIVALENCY COMPUTATIONS. X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 BRIEN LEWIS PRESIDENT 299494 0 0 0 0 0 11231 0 65889 0 376614 0 0 0 NELSON MURPHY VP OF BUSINESS/FINANCE AND COO 184306 0 0 0 0 0 6911 0 40547 0 231764 0 0 0 CONNIE LOWERY PROVOST 138275 0 0 0 0 0 5185 0 30421 0 173881 0 0 0 LARRY LECKONBY ATHLETIC DIRECTOR 148799 0 0 0 0 0 5580 0 32736 0 187115 0 0 0 PART I, LINE 1A MR. LEWIS [PRESIDENT] HAS, AS A PART OF HIS CONTRACT, HOUSING, UTILITIES, INSURANCE, CUSTODIAL SERVICE ETC. PAID FOR BY THE COLLEGE. HE IS THE ONLY EMPLOYEE WITH THESE BENEFITS. THIS RESIDENCE IS PROVIDED FOR THE CONVENIENCE OF THE COLLEGE IN HAVING THE FUNCTIONS OF THE OFFICE OF THE PRESIDENT EFFICIENTLY CONDUCTED AND AS A CONDITION OF EMPLOYMENT AS PRESIDENT OF THE COLLEGE. FOR THE BENEFIT AND CONVENIENCE OF THE COLLEGE, THE PRESIDENT'S RESIDENCE SHALL BE AVAILABLE, AND SHALL BE USED, FOR COLLEGE-RELATED BUSINESS AND ENTERTAINMENT ON A REGULAR AND CONTINUING BASIS. THIS IS A NONTAXABLE FRINGE BENEFIT. THE ORGANIZATION PAID FOR MR. LEWIS'S COUNTRY CLUB DUES DURING THE FISCAL YEAR. THE CLUB IS USED FOR BUSINESS PURPOSES AND FUNDRAISING ACTIVITIES. THE PRESIDENT REIMBURSES THE COLLEGE FOR ANY PERSONAL USE PORTION. THIS IS NONTAXABLE TO MR. LEWIS SINCE HE REIMBURSES THE COLLEGE FOR ANY PERSONAL USE. WILLIAM M GRAHAM BOARD CHAIRMAN 218522 LIKE-KIND EXCHANGE OF PROPERTY 0 X 29 944243 FMV 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 WILLIAM GRAHAM AND MONA WALLACE HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 2 MONA WALLACE AND JUNIE MICHAEL HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE CONTROLLER GATHERS THE DATA TO PREPARE THE 990 WHICH IS THEN REVIEWED BY THE EXECUTIVE VICE PRESIDENT AND CHIEF LEGAL COUNSEL. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST STATEMENTS ARE SIGNED BY EACH MEMBER OF THE BOARD OF TRUSTEES ON AN ANNUAL BASIS. IN THE EVENT OF A POTENTIAL CONFLICT DURING THE YEAR, THAT MEMBER WILL REFRAIN FROM PARTICIPATING IN THE CONSIDERATION OF THE PROPOSED TRANSACTION IN QUESTION. THIS PERSON WILL NOT VOTE ON OR TAKE ANY POSITION FOR OR AGAINST THE PROPOSED TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 THE COLLEGE UTILIZES A "COMMITTEE OF THE PRESIDENCY OF THE BOARD OF TRUSTEES" THAT EVALUATES THE PRESIDENT ON PREDETERMINED GOALS AND THE ASSESSMENT OF POSITIVE ACHIEVEMENTS. THE COMMITTEE APPROVES AND DETERMINES THE PRESIDENTIAL SALARY AND SALARY INCREASES. THE PRESIDENT REVIEWS THE POSITIONS OF THE SENIOR VICE PRESIDENT OF DEVELOPMENT, VICE PRESIDENT OF ADMISSIONS, PROVOST AND THE VICE PRESIDENT OF FINANCE TO ESTABLISH SALARY LEVELS BASED ON PERFORMANCE. ALL DISCUSSIONS ARE DOCUMENTED IN THE MINUTES OF THE MEETING. CATAWBA USES INFORMATION FROM NORTH CAROLINA INDEPENDENT COLLEGES AND UNIVERSITIES (NCICU) AND THE COOPER STANDARD SALARY RESOURCE TO DETERMINE MARKET COMPARABLES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND THE FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTERESTS IN TRUSTS -44,570. CHANGE IN LIABILITY UNDER TRUST AGREEMENTS -701,697. CHARITABLE REMAINDER TRUSTS (9) INVESTMENT NC N/A T 0 CHARITABLE LEAD TRUST (1) INVESTMENT NC N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0