2025-02-14T06:20:36-06:00 2024-06-30 BDO USA 421 Fayetteville Street Suite 300 Raleigh NC 27601 990 2023-07-01 560657294 METHODIST UNIVERSITY INC % DAWN AUSBORN METH 9106307000 5400 RAMSEY ST FAYETTEVILLE NC 28311 Dawn F Ausborn CFO 9106307000 2025-02-11 true true SANDRA L FEINSMITH P01064157 9192781936 2025-02-07 2023 2025-03-06 01:10:19Z STANLEY T WEARDEN 5400 RAMSEY ST FAYETTEVILLE NC 28311 147818315 false X WWW.METHODIST.EDU X 1956 NC UNDERGRADUATE AND GRADUATE EDUCATION 24 23 1125 24 0 0 8417940 8899105 66695545 70971334 699818 1084825 663042 659518 76476345 81614782 25292936 27397321 0 0 30588740 31198422 0 0 840739 18273223 18673686 74154899 77269429 2321446 4345353 135441683 143475342 30958393 30685215 104483290 112790127 X THE PURPOSE OF METHODIST UNIVERSITY IS TO PROVIDE AN UNDERGRADUATE AND GRADUATE EDUCATION FIRMLY GROUNDED IN THE LIBERAL ARTS TRADITION, THAT NURTURES MORAL VALUES & ETHICAL DECISION-MAKING; TO PROVIDE DISTINCTIVE PROFESSIONAL & GRADUATE PROGRAMS THAT COMPLEMENT THE EDUCATIONAL PURSUITS. false false 60394407 27397321 60305729 POST SECONDARY EDUCATION: METHODIST UNIVERSITY PROVIDES BOTH UNDERGRADUATE AND GRADUATE EDUCATION, FOUNDED IN LIBERAL ARTS, TO APPROXIMATELY 1800 STUDENTS. THE UNIVERSITY'S PROGRAMS ARE CONCENTRATED IN ARTS & HUMANITIES, SCIENCE & HUMAN DEVELOPMENT, BUSINESS & GRADUATE STUDIES, AND BOAST NATIONALLY RENOWNED PROGRAMS SUCH AS THE PHYSICIAN ASSISTANCE PROGRAM. THE UNIVERSITY IS A FULLY-ACCREDITED MEMBER OF THE SOUTHERN ASSOCIATION OF COLLEGES & SCHOOLS COMMISSION ON COLLEGES. 8217065 0 10665605 AUXILIARY SERVICES: THE UNIVERSITY'S AUXILIARY ENTERPRISES, INCLUDING RESIDENCE HALLS, DINING FACILITIES, AND A BOOKSTORE, SERVE TO PROVIDE A SUPPORT SYSTEM TO THE STUDENTS. 68611472 true true false true false false false true true true true false false false true true false true true false true false false false true false false false true true true false false false false false false false false false true true false false false false true true true false false true 191 0 true 1125 true false false false false false true true false false false false false false X 24 23 false false false false false false false true true false false true true true true true true true false false X DAWN AUSBORN 9106307000 5400 RAMSEY ST FAYETTEVILLE NC 28311 X STANLEY WEARDEN PRESIDENT 40.0 0.0 X 370607 0 13431 SUZANNE B MALLEY PROVOST 40.0 0.0 X 241404 0 14318 RICHARD G SWANSON VP INST ADVANCEMENT 40.0 0.0 X 208658 0 13991 SHEILA C KINSEY VP PLAN&ADMIN / CHIEF OF STAFF 40.0 0.0 X 158847 0 29283 DAWN F AUSBORN CHIEF FINANCIAL OFFICER 40.0 0.0 X 172032 0 12120 RICKY D LOWE VP ENROLLMENT SERVICES 40.0 0.0 X 144346 0 3849 BETH H CARTER VICE PROVOST FOR ONLINE & EXT 40.0 0.0 X 143746 0 2852 TAT W CHAN DEAN COLLEGE BUSINESS 40.0 0.0 X 137209 0 2729 WILLIAM H WALKER VP STUDENT AFFAIRS 40.0 0.0 X 126530 0 7063 GEORGE HOYT DEAN COLLEGE HEALTH SCIENCES 40.0 0.0 X 123609 0 3694 KELLI W TAYLOR VP MISSION INTEGRATION 40.0 0.0 X 113023 0 10690 STACIA THOMPSON DIRECTOR PHYSICAL THERAPY 40.0 0.0 X 110918 0 3772 LISA CASTLEBERRY ASST. PROF. OF CLINICAL MED. 40.0 0.0 X 110139 0 733 DAVID R EAVENSON VP FOR ATHLETICS 40.0 0.0 X 101217 0 3009 JASON GREENE CHIEF INFORMATION OFFICER 40.0 0.0 X 79364 0 4059 DR RAKESH GUPTA CHAIR OF THE BOARD 1.0 0.0 X X 0 0 0 MR TIMOTHY S RICHARDSON VICE-CHAIR OF THE BOARD 1.0 0.0 X X 0 0 0 MRS JENNIFER CLEVELAND ELAM SECRETARY OF THE BOARD 1.0 0.0 X X 0 0 0 THE HONORABLE JOHN W BROWN TREASURER OF THE BOARD 1.0 0.0 X X 0 0 0 MR D KEITH ALLISON TRUSTEE 1.0 0.0 X 0 0 0 MR HOWARD ARDEN TRUSTEE 1.0 0.0 X 0 0 0 MR PETER M BROOME TRUSTEE 1.0 0.0 X 0 0 0 DR MARY LYNN BRYAN TRUSTEE 1.0 0.0 X 0 0 0 MSMARGARET HIGHSMITH DICKSON TRUSTEE 1.0 0.0 X 0 0 0 MR JOHN MAC HEALY TRUSTEE 1.0 0.0 X 0 0 0 MR J DANIEL HIGHSMITH SR TRUSTEE 1.0 0.0 X 0 0 0 MR ROBERT HINES TRUSTEE 1.0 0.0 X 0 0 0 MR CHARLES B HOLMES TRUSTEE 1.0 0.0 X 0 0 0 MRS JO BETH JOHNSON TRUSTEE 1.0 0.0 X 0 0 0 MR EARL D LEAKE TRUSTEE 1.0 0.0 X 0 0 0 DR WILLIAM SCHAEFER TRUSTEE 1.0 0.0 X 0 0 0 MR ANDREW SHUCK TRUSTEE 1.0 0.0 X 0 0 0 MR ELTON STANLEY TRUSTEE 1.0 0.0 X 0 0 0 MR IRA M STEINGOLD ESQ TRUSTEE 1.0 0.0 X 0 0 0 MR JAMES J TOWNSEND TRUSTEE 1.0 0.0 X 0 0 0 MR SCOTT W WEATHINGTON TRUSTEE 1.0 0.0 X 0 0 0 MR WILLIAM R WEST SR TRUSTEE 1.0 0.0 X 0 0 0 REV GILLIAM GIL P WISE TRUSTEE 1.0 0.0 X 0 0 0 MR JOHN W JAY WYATT III TRUSTEE 1.0 0.0 X 0 0 0 2341649 0 125593 23 false true false ARAMARK EDUCATIONAL SERVICES 5400 RAMSEY STREET FAYETTEVILLE NC 28311 FOOD SERVICE 2628872 WILEY EDU LLC WES LOCKBOX PO BOX 22309 NEW YORK NY 10087 ONLINE PP 996655 FOLLETT CORPORATION STORE 1597 3146 SOLUTIONS CENTER CHICAGO IL 60677 BOOKSTORE 415291 ME CONTRACTING INC 1032 71ST SCHOOL ROAD FAYETTEVILLE NC 28314 CONSTRUCTION 340898 BRADY TRANE SERVICES PO BOX 746249 ATLANTA GA 30374 HVAC REPAIR 260062 8 55128 987566 7856411 272028 8899105 TUITION AND FEES 611310 60305729 60305729 DORM REVENUES 611310 6400761 6400761 BOARD REVENUES 611310 4031843 4031843 OTHER AUXILIARY REVENUES 611310 233001 233001 70971334 2517309 2517309 0 0 0 0 0 64716219 3743 66152446 -1436227 3743 -1432484 -1432484 16142 55128 51087 -34945 -34945 0 0 0 0 0 0 OTHER INCOME 900009 694463 694463 694463 81614782 70971334 1744343 0 27397321 27397321 0 0 2008285 787297 993502 227486 0 24088089 21183813 2643885 260391 507037 421152 74734 11151 2750996 2275979 427396 47621 1844015 1561241 249717 33057 0 314038 23210 290828 82876 82876 41031 41031 0 160535 160535 1185052 699039 482288 3725 204562 57666 139890 7006 289590 176425 13644 99521 870988 211553 612859 46576 0 3780155 3504898 261944 13313 1097415 990136 68593 38686 0 79427 72624 5763 1040 157549 152849 4081 619 0 4046933 3467111 571628 8194 516391 360045 153936 2410 FOOD SERVICE CONTRACT 2303126 2303126 SUPPLIES 1027765 926366 92906 8493 EQUIPMENT RENTAL AND REPAIR 970782 925599 43038 2145 DUES AND MEMBERSHIPS 690101 602137 73961 14003 855370 511885 328183 15302 77269429 68611472 7817218 840739 13768 10861 9160997 11282642 1102247 4424022 1638872 1623196 0 0 0 0 0 0 16416 19487 229890 288218 146267661 70256676 77631425 76010985 44887976 49221635 0 0 439419 273390 0 0 320673 320906 135441683 143475342 2276965 2635942 0 0 2431668 4276996 25182956 22942829 107387 95256 0 0 0 0 0 0 959417 734192 30958393 30685215 X 70709669 71032405 33773621 41757722 104483290 112790127 135441683 143475342 X 4345353 4629076 -667592 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 41031 41031 false SCHEDULE C, PART II-B, LINE 1, LOBBYING ACTIVITIES: THE UNIVERSITY PAID MEMBERSHIP DUES OF $41,O31 TO NORTH CAROLINA INDEPENDENT COLLEGES & UNIVERSITIES (NCICU), A STATEWIDE ORGANIZATION COMPRISED OF INDEPENDENT COLLEGES ACCREDITED BY SOUTHERN ASSOCIATION OF COLLEGES & SCHOOLS, WHICH REPRESENTS HIGHER EDUCATION IN STATE & FEDERAL POLICY. 164614 X X false false true X 46476356 607472 5578628 977006 2175041 160535 49349874 41892580 5319699 3675571 793791 3466147 151556 46476356 35584188 11533191 -3671322 710165 720262 123050 41892580 22757260 9728103 5595685 687868 1708370 100622 35584188 22191925 883570 889395 654266 453718 99646 22757260 0.27950 0.59150 0.12900 true false 97500 1518601 1616101 106237688 44974808 61262880 7980 7980 0 21986934 17783755 4203179 16418958 7490133 8928825 76010985 0 OBLIGATIONS UNDER CAPITAL LEASE 368492 STUDENT DEPOSITS 365700 734192 X 58069497 4629076 53096 4682172 53387325 160535 28066922 28227457 81614782 49762660 51087 51087 49711573 160535 27397321 27557856 77269429 SCHEDULE D, PART III, LINE 4: THE UNIVERSITY MAINTAINS A FEW HISTORICAL COLLECTIONS WITHIN ITS LIBRARY, INCLUDING DRAWINGS, LETTERS, MONOGRAPHS, BOOKS & RECORDS. SCHEDULE D, PART IV, LINE 2B: BANK ACCOUNT FOR STUDENT CLUBS & OTHER AFFILIATED GROUPS. SCHEDULE D, PART V, LINE 4: THE INTENDED USES OF THE UNIVERSITY'S ENDOWMENT FUNDS ARE TO PROVIDE SCHOLARSHIPS TO STUDENTS AND CASH RESERVES TO THE UNIVERSITY. SCHEDULE D, PART X, LINE 2: THE UNIVERSITY IS A TAX-EXEMPT ENTITY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). MANAGEMENT EVALUATED THE UNIVERSITY'S TAX POSITIONS AND CONCLUDED THAT THE UNIVERSITY HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISION OF THE INTERNAL TAXES TOPIC OF THE FASB ASC. SCHEDULE D, PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE REPORTED ON LINE 8B 51,087 NET INCOME FROM MUDC 2,009 -------------- TOTAL TO SCHEDULE D, PART XI, LINE 2D 53,096 SCHEDULE D, PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS EXPENSE REPORTED ON REVENUE 27,397,321 PLEDGES DISCOUNTS & ALLOWANCES 669,601 -------------- TOTAL TO SCHEDULE D, PART XI, LINE 4B 28,066,922 SCHEDULE D, PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE REPORTED ON LINE 8B 51,087 SCHEDULE D, PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS EXPENSE REPORTED ON REVENUE 27,397,321 true true true true true true true false false false false false false false false true false true SCHEDULE E, PART 1, LINE 3: METHODIST UNIVERSITY PUBLICIZES ITS RACIALLY NON-DISCRIMINATORY POLICY IN ITS ANNUAL ACADEMIC CATALOG, ON ITS WEBSITE, AND IN ALL ADVERTISEMENTS & SOLICITATIONS. SCHEDULE E, PART 1, LINE 6A - EXPLANATION OF GOVERNMENT FINANCIAL AID: THE UNIVERSITY RECEIVES FEDERAL AND STATE AID FOR STUDENT FINANCIAL AID AWARDS, AND FUNDS FOR THE CONSTRUCTION OF FACILITIES AND PURCHASE OF EQUIPMENT FOR THE UNIVERSITY'S EDUCATIONAL PROGRAMS. Europe (Including Iceland and Greenland) 0 0 Program Services STUDY ABROAD 37166 Europe (Including Iceland and Greenland) 0 0 Program Services RECRUITING 1714 Europe (Including Iceland and Greenland) 0 0 Program Services PROFESSIONAL DEVELOP. 2685 Central America and the Caribbean 0 0 Program Services STUDY ABROAD 5643 North America 0 0 Program Services RECRUITING 738 North America 0 0 Program Services PROFESSIONAL DEVELOP. 232 South Asia 0 0 Program Services HUMANITARIAN 10000 Sub-Saharan Africa 0 0 Program Services HUMANITARIAN 10000 0 0 0 0 68178 68178 false false false false false false HOF GOLF TOUR. 26225 22520 3705 2369 1727 4383 BOV GOLF TOUR. 37155 29065 8090 20205 3870 4381 10662 1 7890 3543 4347 3192 178 120 71270 55128 16142 22574 7062 6286 15165 51087 -34945 true TUITION ASSISTANCE 1317 27397321 SCHEDULE I, PART I, LINE 2: GRANTS TO RECIPIENTS IN THE U.S. INCLUDED TUITION ASSISTANCE APPLIED DIRECTLY TO STUDENTS' ACCOUNTS. X X true true X X X X false false false false false false false false false STANLEY WEARDEN PRESIDENT 363204 0 0 0 7403 0 6600 0 6831 0 384038 0 0 0 SUZANNE B MALLEY PROVOST 240372 0 0 0 1032 0 4994 0 9324 0 255722 0 0 0 RICHARD G SWANSON VP INST ADVANCEMENT 196668 0 0 0 11990 0 4120 0 9871 0 222649 0 0 0 SHEILA C KINSEY VP PLAN&ADMIN / CHIEF OF STAFF 157263 0 0 0 1584 0 3647 0 25636 0 188130 0 0 0 DAWN F AUSBORN CHIEF FINANCIAL OFFICER 171000 0 0 0 1032 0 3580 0 8540 0 184152 0 0 0 SCHEDULE J, PART I, LINE 1A: THE UNIVERSITY MAINTAINS A RESIDENTIAL HOME ON CAMPUS WHERE THE PRESIDENT LIVES AS A CONDITION OF EMPLOYMENT. THE UNIVERSITY PROVIDES PERSONAL SERVICES OF LIGHT HOUSEKEEPING, PERFORMED BY THE UNIVERSITY'S JANITORIAL STAFF AT THE RESIDENCE OF THE PRESIDENT. A PUBLIC FINANCE AUTHORITY 561592154 74443DHB0 2021-12-08 28055000 REFUND SERIES 2012 AND 2014 BONDS false false false A 0 0 28055000 3023419 0 27595000 593777 0 0 0 0 0 2021 true false true true A false false false false 0 false false false false A false false true false false false 0 true MASS MUTUAL 9.6 true false false A false SCHEDULE K, PART I, BOND ISSUES: (A) ISSUER NAME: PUBLIC FINANCE AUTHORITY (F) DESCRIPTION OF PURPOSE: REFUND SERIES 2012 AND SERIES 2014 BONDS, FUND A DEBT SERVICE RESERVE FUND, AND TO PAY CERTAIN EXPENSE INCURRED IN CONNECTION WITH THE ISSUANCE OF THE 2021 BONDS. SYSTEL OFFICE AUTOMATION OWNED BY A TRUSTEE 182875 COPIER LEASE false SCHEDULE L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: SYSTEL OFFICE AUTOMATION (D) DESCRIPTION OF TRANSACTION: COPIER LEASE X 2 272028 FMV false true false SCHEDULE M, PART I, COLUMN (B): THE NUMBER IN COLUMN (B) REFLECTS A COMBINATION OF THE NUMBER OF CONTRIBUTORS AND THE NUMBER OF ITEMS DONATED. FORM 990, PART VI, SECTION B, LINE 11B: FORM 990 IS PREPARED JOINTLY BY MANAGEMENT & THE EXTERNAL AUDITORS. IT IS REVIEWED BY MANAGEMENT & THE AUDIT COMMITTEE WITH THE EXTERNAL AUDITORS DURING THE REVIEW OF THE AUDITED FINANCIAL STATEMENTS. THE AUDIT COMMITTEE RELAYS THE RESULTS OF THE REVIEW TO THE FULL BOARD AT THE NEXT BOARD MEETING, AND A COPY OF FORM 990 IS MADE AVAILABLE TO THE FULL BOARD FOR THEIR REVIEW BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C: THE UNIVERSITY ANNUALLY DISTRIBUTES ITS CONFLICT OF INTEREST POLICY & DISCLOSURE FORM TO ALL BOARD MEMBERS AND EMPLOYEES WITH BUDGET AUTHORITY, FOR REVIEW OF THE POLICY & COMPLETION OF THE QUESTIONNAIRE. A DESIGNATED COMMITTEE REVIEWS THE DISCLOSURE FORMS FOR POSSIBLE CONFLICTS OF INTEREST. ANY FINDINGS ARE SUBMITTED TO THE UNIVERSITY'S AUDIT COMMITTEE FOR REVIEW. THE UNIVERSITY GENERALLY PROHIBITS TRANSACTIONS WITH CONFLICT OF INTEREST PARTIES; HOWEVER, THE AUDIT COMMITTEE HAS THE AUTHORITY TO APPROVE CERTAIN TRANSACTIONS IN THE BEST INTEREST OF THE UNIVERSITY. FORM 990, PART VI, SECTION B, LINE 15A: THE UNIVERSITY'S PRESIDENTIAL SALARY COMMITTEE EVALUATES THE PRESIDENT'S SALARY ON AN ANNUAL BASIS AND UTILIZING COMPARABILITY DATA, INCLUDING SALARY & BENEFITS HISTORY FROM BOTH WITHIN THE UNIVERSITY & OTHER PRIVATE COLLEGES AND UNIVERSITIES IN NC. THE PRESIDENTIAL SALARY COMMITTEE RECOMMENDS A SALARY FOR THE PRESIDENT TO THE UNIVERSITY'S FULL BOARD OF TRUSTEES. THE BOARD HOLDS AN EXECUTIVE SESSION TO VOTE & APPROVE THE PRESIDENT'S SALARY. FORM 990, PART VI, SECTION C, LINE 19: THE ORGANIZATION MAKES GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, & FINANCIAL STATEMENTS AVAILABLE ON THE UNIVERSITY'S WEBSITE FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART XI, LINE 9, CHANGES IN NET ASSETS: PLEDGES DISCOUNTS & ALLOWANCES (669,601) NET INCOME FROM SUBSIDIARY 2,009 --------- TOTAL TO FORM 990, PART XI, LINE 9 (667,592) METHODIST UNIVERSITY CAPE FEAR VALLEY 5400 RAMSEY STREET FAYETTEVILLE NC 28311 993705462 EDUCATIONAL NC 501(C)(3) 2 METHODIST UN true METHODIST UNIVERSITY DEVELOPMENT CORP 5400 RAMSEY STREET FAYETTEVILLE NC 28311 561972859 REAL ESTATE DEVEL NC METHODIST UNIV C CORP 284964 2911195 1.00000 true true false false true false false false false false true true false false false true false true false false METHODIST UNIVERSITY DEVELOPMENT CORPORATION A 0 FMV METHODIST UNIVERSITY DEVELOPMENT CORPORATION J 166977 FMV METHODIST UNIVERSITY DEVELOPMENT CORPORATION K 186000 FMV SCHEDULE R, PART II, IDENTIFICATION OF RELATED TAX-EXEMPT ORGANIZATIONS: NAME: METHODIST UNIVERSITY CAPE FEAR VALLEY HEALTH SCHOOL OF MEDICINE EIN: 99-3705462