WILLIAM PEACE UNIVERSITY: Form 990, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- WILLIAM PEACE UNIVERSITY (EIN 56-0529988)
- Tax period
- 2017-07-01 to 2018-06-30
- Filed
- 2019-05-10
- IRS object ID
- 201931309349302523
- Schema version
- 2017v2.3
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-05-10T10:46:11-05:00 | ReturnTs |
| Tax Period End | 2018-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BDO USA LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8401 GREENSBORO DRIVE 800 | AddressLine1Txt |
| City | MCLEAN | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22102 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2017-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 560529988 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WILLIAM PEACE UNIVERSITY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % GEORGE A YEARWOOD | InCareOfNm |
| Business Name Control | WILL | BusinessNameControlTxt |
| Phone | 9195082035 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 15 EAST PEACE STREET | AddressLine1Txt |
| City | RALEIGH | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27604 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | GEORGE A YEARWOOD | PersonNm |
| Person Title | VP FOR FINANCE & CFO | PersonTitleTxt |
| Phone | 9195082035 | PhoneNum |
| Signature | 2019-05-08 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Marc Berger | PreparerPersonNm |
| PTIN | P01871563 | PTIN |
| Phone | 7038930600 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 47.186.88.54 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Federal Original Submission Id | 54621820191305000012 | FederalOriginalSubmissionId |
| Federal Original Submission Id | 2019-05-10 | FederalOriginalSubmissionIdDt |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 453C092F4FAE56C85AAB65CCAB8DCA36E7EE5C2A | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 453C092F4FAE56C85AAB65CCAB8DCA36E7EE5C2A | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | DR BRIAN C RALPH | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 15 EAST PEACE STREET | AddressLine1Txt |
| City | RALEIGH | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27604 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $31,189,451 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.PEACE.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1857 | FormationYr |
| Legal Domicile State | NC | LegalDomicileStateCd |
| Activity Or Mission | SEE SCHEDULE O | ActivityOrMissionDesc |
| Voting Members Governing Body | 13 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 13 | VotingMembersIndependentCnt |
| Total Employee | 513 | TotalEmployeeCnt |
| Total Volunteers | 150 | TotalVolunteersCnt |
| Total Gross UBI | $254,230 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | -$32,456 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $2,180,448 | PYContributionsGrantsAmt |
| CY Contributions Grants | $2,181,786 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $27,291,140 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $27,251,362 | CYProgramServiceRevenueAmt |
| PY Investment Income | $530,617 | PYInvestmentIncomeAmt |
| CY Investment Income | $597,161 | CYInvestmentIncomeAmt |
| PY Other Revenue | $364,803 | PYOtherRevenueAmt |
| CY Other Revenue | $309,564 | CYOtherRevenueAmt |
| PY Total Revenue | $30,367,008 | PYTotalRevenueAmt |
| CY Total Revenue | $30,339,873 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $9,172,778 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $9,089,108 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $9,407,673 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $10,275,608 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $513,685 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $11,772,801 | PYOtherExpensesAmt |
| CY Other Expenses | $11,993,743 | CYOtherExpensesAmt |
| PY Total Expenses | $30,353,252 | PYTotalExpensesAmt |
| CY Total Expenses | $31,358,459 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $13,756 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$1,018,586 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $72,571,371 | TotalAssetsBOYAmt |
| Total Assets EOY | $71,368,489 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $16,067,297 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $15,586,297 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $56,504,074 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $55,782,192 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | WILLIAM PEACE UNIVERSITY IS A PRIVATE FOUR-YEAR UNIVERSITY LOCATED IN DOWNTOWN RALEIGH, NORTH CAROLINA. THE MISSION OF THE UNIVERSITY IS TO PREPARE STUDENTS FOR CAREERS IN THE ORGANIZATIONS OF TOMORROW. ROOTED IN THE LIBERAL ARTS TRADITION, THE STUDENT DEVELOPS AN APPRECIATION FOR LIFE-LONG LEARNING, A FOCUS ON MEANINGFUL CAREERS, AND SKILLS FOR ETHICAL CITIZENSHIP. ON AVERAGE, OVER 90 PERCENT OF OUR GRADUATES GO ONTO JOBS OR CAREERS WITHIN A YEAR OF GRADUATION. FOR MORE INFORMATION, PLEASE VISIT WWW.PEACE.EDU. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $15,039,411 | ExpenseAmt |
| Grant | $9,089,108 | GrantAmt |
| Revenue | $22,469,239 | RevenueAmt |
| Desc | INSTRUCTION & ACADEMIC SUPPORT: WILLIAM PEACE UNIVERSITY IS AN ACCREDITED INSTITUTION OFFERING 3 TYPES OF BACHELOR'S DEGREES IN OVER 25 MAJORS. SERVING APPROXIMATELY 1,000 STUDENTS, 97% OF OUR GRADUATES ARE EMPLOYED FULL-TIME OR ENTER GRADUATE SCHOOL WITHIN ONE YEAR OF GRADUATING. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $4,886,636 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $254,230 | RevenueAmt |
| Desc | STUDENT SERVICES & ACTIVITIES: WITH OVER 30 STUDENT CLUBS AND ORGANIZATIONS, THERE ARE PLENTY OF OPPORTUNITIES FOR A STUDENT TO GET INVOLVED AT WPU. COMMUNITY SERVICE IS ENCOURAGED, AND OUR STUDENTS EMBRACE THE CONCEPT OF GIVING BACK BY REACHING OUT. WILLIAM PEACE UNIVERSITY STUDENTS VOLUNTEER THOUSANDS OF HOURS ANNUALLY TO THE GREATER RALEIGH COMMUNITY. FROM ONE-SHOT OPPORTUNITIES LIKE WORKING IN A SOUP KITCHEN OR HELPING CLEAN UP A LOCAL PARK TO LONGER-TERM PROJECTS WITH REGULAR HOURS, WPU CAN HELP YOU FIND THE RIGHT WAY FOR YOU TO SERVE YOUR COMMUNITY. FEELING A LITTLE COMPETITIVE? WHETHER YOU'RE JUST TRYING TO BREAK A SWEAT OR TRYING TO KEEP YOUR HOOP DREAMS ALIVE, WILLIAM PEACE UNIVERSITY OFFERS INTRAMURAL SPORTS LEAGUES FOR ALL INTEREST LEVELS. WE HAVE ONE-DAY TOURNAMENTS AND MULTI-WEEK SEASONS IN INDIVIDUAL AND TEAM SPORTS. STUDENT SERVICES ALSO INCLUDES OUR HEALTH AND COUNSELING SERVICES. HEALTH SERVICES CAN PROVIDE ROUTINE TREATMENT FOR MINOR ILLNESSES AND INJURIES, WHILE MAINTAINING CONFIDENTIAL MEDICAL INFORMATION FOR STUDENTS. IT ALSO PROMOTES AWARENESS FOR HEALTH AND WELLNESS ISSUES THROUGH CAMPUS EVENTS AND ACTIVITIES. THE COUNSELING CENTER PROVIDES SHORT-TERM, PROFESSIONAL COUNSELING TO STUDENTS COPING WITH THE CHALLENGES OF COLLEGE LIFE. STUDENTS MAY NEED SUPPORT DEALING WITH EVERYDAY PROBLEMS SUCH AS STRESS MANAGEMENT OR RELATIONSHIP ISSUES, AS WELL AS MORE SERIOUS PROBLEMS SUCH AS DEPRESSION OR ANXIETY. WILLIAM PEACE UNIVERSITY ALSO OFFERS STUDENTS THE CHANCE TO PLAY AND ENJOY INTERCOLLEGIATE SPORTS. WPU IS A MEMBER OF THE U.S.A. SOUTH ATHLETIC CONFERENCE OF THE NCAA DIVISION III AND FIELDS TEAMS IN EIGHT DIFFERENT SPORTS INCLUDING BASEBALL, MEN'S AND WOMEN'S BASKETBALL, MEN'S AND WOMEN'S CROSS COUNTRY, MEN'S GOLF, MEN'S AND WOMEN'S SOCCER, SOFTBALL, MEN'S AND WOMEN'S TENNIS AND WOMEN'S VOLLEYBALL. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $4,856,512 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $4,527,893 | RevenueAmt |
| Desc | AUXILIARY ENTERPRISES: FROM YOUR TYPICAL RESIDENCE HALL TO SUITES, THERE ARE 6 RESIDENCE HALLS ON CAMPUS AT WILLIAM PEACE UNIVERSITY. EACH RESIDENCE HALL HAS ITS PARTICULAR STYLE AND HISTORY. RESIDENT ASSISTANTS LIVE ON EACH FLOOR, READY TO ANSWER QUESTIONS, FOSTER GROUP DISCUSSIONS, ORGANIZE ACTIVITIES AND MORE. THERE IS WIRED AND WIRELESS INTERNET AVAILABLE, FREE BASIC CABLE AND NO-COST LAUNDRY. ADDITIONALLY, WPU PROVIDES THE OPTION OF UNIVERSITY-AFFILIATED STUDENT HOUSING TO ALL SOPHOMORE, JUNIOR AND SENIOR STUDENTS. THESE OFF-CAMPUS APARTMENTS PROVIDE AN EXCELLENT STUDENT HOUSING COMMUNITY IN RALEIGH, WITH FOUR-BEDROOM OPTIONS TO FIT ALL LIFESTYLES. OPERATING IN THE SAME MANNER AS ON-CAMPUS HOUSING, THE VIE AT RALEIGH APARTMENTS HAVE WILLIAM PEACE UNIVERSITY RESIDENT STAFF LIVING ON-SITE. ADDITIONALLY, THE APARTMENTS HOST STUDENT ACTIVITIES AND HAVE A SHUTTLE RUNNING TO AND FROM CAMPUS. THESE APARTMENTS INCLUDE PRIVATE BEDROOMS, LUXURY KITCHENS, FURNISHED LIVING ROOMS, TENNIS COURTS AND 24-HOUR FITNESS CENTER, POOL AND RECREATION AND A COMPUTER LAB. THE NEWLY RENOVATED BELK DINING HALL OFFERS TASTY, NUTRITIONAL FOOD OPTIONS, INCLUDING A SALAD BAR, DELI, COOKED-TO-ORDER EXPO STATION AND A VARIETY OF DAILY COOKED MEALS. PEACE PERK, THE ON-CAMPUS COFFEE SHOP, ALSO OFFERS STARBUCKS COFFEE, SANDWICHES, SNACKS AND A PLACE TO HANG OUT. AT THE WPU BOOKSTORE, YOU CAN FIND EVERYTHING PEACE RELATED. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $24,782,559 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (true) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (true) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (true) | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (true) | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (true) | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | Yes (true) | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (true) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (true) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 43 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 513 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | Yes (true) | Form8282PropertyDisposedOfInd |
| Form8282 Filed | 1 | Form8282FiledCnt |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 13 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 13 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NC | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | GEORGE A YEARWOOD | PersonNm |
| Phone | 9195082035 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 15 EAST PEACE STREET | AddressLine1Txt |
| City | RALEIGH | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27604 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (20 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| Mary Davis Betts | ||||||||
| Board Secretary | 5.0 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| J Frederick Kelly Jr | ||||||||
| Board Chair | 5.0 | 1.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| John Day | ||||||||
| Board Treasurer | 5.0 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| Edward McLeod Jr | ||||||||
| Board Vice Chair | 5.0 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| Beth Cherry | ||||||||
| Board Past Chair | 5.0 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| Rae Marie H Czuhai | ||||||||
| Board Member | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Gerald Jeb Jeutter | ||||||||
| Board Member | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Bob Wright | ||||||||
| Board Member | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Willard Ross | ||||||||
| Board Member | 2.0 | 1.0 | Yes (X) | $0 | $0 | $0 | ||
| Kenneth Gwynn | ||||||||
| Board Member | 2.0 | 1.0 | Yes (X) | $0 | $0 | $0 | ||
| Rachel Reynolds | ||||||||
| Board Member | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Lynn Erdman | ||||||||
| BOARD MEMBER | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Megan Hoffner | ||||||||
| BOARD MEMBER | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Brian C Ralph | ||||||||
| President | 50.0 | 2.0 | Yes (X) | $344,516 | $0 | $22,597 | ||
| George A Yearwood | ||||||||
| VP for Administration & CFO | 50.0 | 2.0 | Yes (X) | $161,061 | $0 | $15,948 | ||
| Frank P Rizzo | ||||||||
| VP for Student Life | 40.0 | 0.0 | $134,044 | $0 | $5,886 | Yes (X) | ||
| Charles S Duncan | ||||||||
| VP for Academic Affairs | 40.0 | 0.0 | $128,964 | $0 | $11,777 | Yes (X) | ||
| Kristin E Cohen | ||||||||
| VP FOR ENROLLMENT & MARKETING | 40.0 | 0.0 | $148,772 | $0 | $13,384 | Yes (X) | ||
| Jodi Y Stamey | ||||||||
| VP FOR ADVANCEMENT | 40.0 | 0.0 | $160,494 | $0 | $11,761 | Yes (X) | ||
| JOHN B CRANHAM | ||||||||
| AVP FOR BUILDING & GROUNDS | 40.0 | 0.0 | $101,900 | $0 | $9,867 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,179,751 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $91,220 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 7 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| VIE RALEIGH LLC | |||||
| 403 WOLF CREEK CR | RALEIGH | NC | 27606 | STUDENT HOUSING RENT | $1,314,894 |
| SODEXO INC AFFILIATES | |||||
| PO BOX 360170 | PITTSBURGH | PA | 152516170 | DINING SERVICES | $1,667,505 |
| BUDD GROUP | |||||
| PO BOX 890856 | CHARLOTTE | NC | 282890856 | HOUSEKEEPING | $473,724 |
| FHEG PEACE COLLEGE BOOKS | |||||
| 3146 Solutions Center | CHICAGO | IL | 606773001 | textbooks | $484,624 |
| ALPHAGRAPHICS OF DOWNTOWN RALEIGH | |||||
| 1313 FAIRVIEW ROAD | RALEIGH | NC | 27608 | MARKETING | $335,616 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 27 | CntrctRcvdGreaterThan100KCnt |
| Related Organizations | $1,361,336 | RelatedOrganizationsAmt |
| Government Grants | $169,993 | GovernmentGrantsAmt |
| All Other Contributions | $650,457 | AllOtherContributionsAmt |
| Noncash Contributions | $1,282,622 | NoncashContributionsAmt |
| Total Contributions | $2,181,786 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| TUITION AND FEES | 900099 | $22,469,239 | $22,469,239 | |
| AUXILIARY ENTERPRISES | 900099 | $4,527,893 | $4,527,893 | |
| CONFERENCE & EVENTS | 531120 | $254,230 | $254,230 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $27,251,362 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $756,961 | TotalRevenueColumnAmt |
| Exclusion | $756,961 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $48,312 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $48,312 | RealAmt |
| Personal | $0 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $48,312 | TotalRevenueColumnAmt |
| Exclusion | $48,312 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $689,778 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $849,578 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$159,800 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$159,800 | TotalRevenueColumnAmt |
| Exclusion | -$159,800 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $0 | FundraisingGrossIncomeAmt |
| Fundraising Direct Expenses | $0 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gaming Gross Income | $0 | GamingGrossIncomeAmt |
| Gaming Direct Expenses | $0 | GamingDirectExpensesAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $0 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $0 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER INCOME | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $261,252 | TotalRevenueColumnAmt |
| Exclusion | $261,252 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $261,252 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $30,339,873 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $26,997,132 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $254,230 | UnrelatedBusinessRevenueAmt |
| Exclusion | $906,725 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,089,108 | TotalAmt |
| Program Services | $9,089,108 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,250,888 | TotalAmt |
| Program Services | $475,084 | ProgramServicesAmt |
| Management And General | $597,411 | ManagementAndGeneralAmt |
| Fundraising | $178,393 | FundraisingAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,292,450 | TotalAmt |
| Program Services | $5,575,036 | ProgramServicesAmt |
| Management And General | $1,559,784 | ManagementAndGeneralAmt |
| Fundraising | $157,630 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $120,093 | TotalAmt |
| Program Services | $84,520 | ProgramServicesAmt |
| Management And General | $32,878 | ManagementAndGeneralAmt |
| Fundraising | $2,695 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,096,207 | TotalAmt |
| Program Services | $595,462 | ProgramServicesAmt |
| Management And General | $485,410 | ManagementAndGeneralAmt |
| Fundraising | $15,335 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $515,970 | TotalAmt |
| Program Services | $393,815 | ProgramServicesAmt |
| Management And General | $110,943 | ManagementAndGeneralAmt |
| Fundraising | $11,212 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $98,183 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $98,183 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,536,358 | TotalAmt |
| Program Services | $2,186,103 | ProgramServicesAmt |
| Management And General | $350,255 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $464,095 | TotalAmt |
| Program Services | $183,302 | ProgramServicesAmt |
| Management And General | $256,447 | ManagementAndGeneralAmt |
| Fundraising | $24,346 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $353,878 | TotalAmt |
| Program Services | $247,074 | ProgramServicesAmt |
| Management And General | $78,656 | ManagementAndGeneralAmt |
| Fundraising | $28,148 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,073,743 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $1,073,743 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,131,480 | TotalAmt |
| Program Services | $1,773,948 | ProgramServicesAmt |
| Management And General | $357,532 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $299,108 | TotalAmt |
| Program Services | $282,085 | ProgramServicesAmt |
| Management And General | $5,436 | ManagementAndGeneralAmt |
| Fundraising | $11,587 | FundraisingAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $533,369 | TotalAmt |
| Program Services | $465,631 | ProgramServicesAmt |
| Management And General | $67,738 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,430,629 | TotalAmt |
| Program Services | $1,214,856 | ProgramServicesAmt |
| Management And General | $215,773 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,640 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $17,640 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| OPERATION/MAINTENANCE | $864,485 | $756,588 | $107,897 | |
| PROGRAM SUPPORT | $1,948,566 | $1,361,962 | $518,768 | $67,836 |
| TRAINING/DEVELOPMENT | $242,209 | $97,985 | $127,721 | $16,503 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $31,358,459 | TotalAmt |
| Program Services | $24,782,559 | ProgramServicesAmt |
| Management And General | $6,062,215 | ManagementAndGeneralAmt |
| Fundraising | $513,685 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,110,173 | BOYAmt |
| EOY | $2,013,288 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,608,830 | BOYAmt |
| EOY | $2,460,393 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $260,365 | BOYAmt |
| EOY | $187,683 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $949,079 | BOYAmt |
| EOY | $976,687 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $57,143,140 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $18,922,992 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $37,016,082 | BOYAmt |
| EOY | $38,220,148 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,269,296 | BOYAmt |
| EOY | $16,357,706 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $58,106 | BOYAmt |
| EOY | $47,964 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,299,440 | BOYAmt |
| EOY | $11,104,620 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $72,571,371 | BOYAmt |
| EOY | $71,368,489 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,374,443 | BOYAmt |
| EOY | $1,363,714 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,564,628 | BOYAmt |
| EOY | $1,660,526 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $12,439,165 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,909,043 | BOYAmt |
| EOY | $0 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $219,183 | BOYAmt |
| EOY | $122,892 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,067,297 | BOYAmt |
| EOY | $15,586,297 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,716,771 | BOYAmt |
| EOY | $20,259,335 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,706,061 | BOYAmt |
| EOY | $7,283,001 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,081,242 | BOYAmt |
| EOY | $28,239,856 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $56,504,074 | BOYAmt |
| EOY | $55,782,192 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $72,571,371 | BOYAmt |
| EOY | $71,368,489 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$1,018,586 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $100,714 | NetUnrlzdGainsLossesInvstAmt |
| Investment Expense | $27,500 | InvestmentExpenseAmt |
| Prior Period Adjustments | $6,479 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | $162,011 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (true) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (true) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amounts | ArtPublicExhibitionAmountsGrp | |
| Held Works Art | HeldWorksArtGrp |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $30,245,665 | BeginningYearBalanceAmt |
| Contributions | $170,664 | ContributionsAmt |
| Investment Earnings Or Losses | $609,182 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $240,409 | GrantsOrScholarshipsAmt |
| Other Expenditures | $203,815 | OtherExpendituresAmt |
| Administrative Expenses | $209,467 | AdministrativeExpensesAmt |
| End Year Balance | $30,371,820 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $30,064,935 | BeginningYearBalanceAmt |
| Contributions | $404,146 | ContributionsAmt |
| Investment Earnings Or Losses | $618,254 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $240,409 | GrantsOrScholarshipsAmt |
| Other Expenditures | $340,564 | OtherExpendituresAmt |
| Administrative Expenses | $260,697 | AdministrativeExpensesAmt |
| End Year Balance | $30,245,665 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $30,547,346 | BeginningYearBalanceAmt |
| Contributions | $1,032,468 | ContributionsAmt |
| Investment Earnings Or Losses | -$412,284 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $470,361 | GrantsOrScholarshipsAmt |
| Other Expenditures | $299,141 | OtherExpendituresAmt |
| Administrative Expenses | $333,093 | AdministrativeExpensesAmt |
| End Year Balance | $30,064,935 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $31,821,465 | BeginningYearBalanceAmt |
| Contributions | $502,452 | ContributionsAmt |
| Investment Earnings Or Losses | -$264,562 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $470,361 | GrantsOrScholarshipsAmt |
| Other Expenditures | $466,530 | OtherExpendituresAmt |
| Administrative Expenses | $575,118 | AdministrativeExpensesAmt |
| End Year Balance | $30,547,346 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $32,841,094 | BeginningYearBalanceAmt |
| Contributions | $18,624 | ContributionsAmt |
| Investment Earnings Or Losses | $728,618 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $607,458 | GrantsOrScholarshipsAmt |
| Other Expenditures | $557,867 | OtherExpendituresAmt |
| Administrative Expenses | $601,546 | AdministrativeExpensesAmt |
| End Year Balance | $31,821,465 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.00960 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.93190 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.07770 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | Yes (true) | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | Yes (true) | EndowmentsHeldRelatedOrgInd |
| Related Org List Sch R | Yes (true) | RelatedOrgListSchRInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $8,601,950 | OtherCostOrOtherBasisAmt |
| Book Value | $8,601,950 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $42,179,091 | OtherCostOrOtherBasisAmt |
| Depreciation | $14,090,758 | DepreciationAmt |
| Book Value | $28,088,333 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Leasehold Improvements | LeaseholdImprovementsGrp |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $6,362,099 | OtherCostOrOtherBasisAmt |
| Depreciation | $4,832,234 | DepreciationAmt |
| Book Value | $1,529,865 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $0 | OtherCostOrOtherBasisAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $38,220,148 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (4 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| CONTRIBUTIONS RECEIVABLE | $2,433,731 |
| BENEFICIAL INTEREST | $4,455,442 |
| OTHER | $558,495 |
| DUE FROM PEACE COLL OF RALEIGH | $3,656,952 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $11,104,620 | TotalBookValueOtherAssetsAmt |
| Federal Income Tax Liability | $0 | FederalIncomeTaxLiabilityAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| ANNUITIES PAYABLE | $37,537 |
| LEASES PAYABLE | $57,887 |
| ACCRUED INTEREST | $27,468 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $122,892 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4: | THE UNIVERSITY'S ENDOWMENT PORTFOLIO CONSISTS OF APPROXIMATELY 300 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. AS REQUIRED BY U.S. GAAP, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE DONOR-IMPOSED RESTRICTIONS. |
| PART X, LINE 2: | The University is exempt from Federal income tax as an organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended. With respect to any unrelated business income generated by the University, it records income taxes using the liability method under which deferred tax assets and liabilities are determined based on the differences between the financial accounting and tax bases of assets and liabilities. Deferred tax assets or liabilities at the end of each period are determined using the currently enacted tax rate expected to apply to taxable income in the period that the deferred tax asset or liability is expected to be realized or to be settled. As of June 30, 2018 and 2017, the University had no deferred tax assets or liabilities or any uncertain tax positions. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (true) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (true) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (true) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (true) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (true) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (true) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (true) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | false | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | false | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | false | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | false | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | false | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | false | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (true) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | false | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (true) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 3: | PUBLICIZED ANNUALLY THROUGH THE NEWSPAPER (RAN IN THE NEWS AND OBSERVER). IT IS ALSO INCLUDED IN ALL PRINT ADVERTISEMENTS AND LISTED ON THE WEBSITE. |
| PART I, LINE 6 - EXPLANATION OF GOVERNMENT FINANCIAL AID: | WILLIAM PEACE UNIVERSITY RECEIVES FUNDS FROM GOVERNMENTAL AGENCIES TO BE USED AS FINANCIAL AID TO STUDENTS AND FROM SPECIAL GRANTS AWARDED FOR SPECIAL PROGRAMS. ALL PROGRAMS AND FINANCIAL AID AWARDS ARE ADMINISTERED ON A NON-DISCRIMINATORY BASIS. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (4 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt |
|---|---|---|
| FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT | 89 | $85,200 |
| INSTITUTIONAL GRANTS | 786 | $8,987,408 |
| NORTH CAROLINA TUITION ASSISTANCE PROGRAM | 2 | $7,500 |
| NORTH CAROLINA GOLDEN LEAF SCHOLARSHIPS | 6 | $9,000 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | ALL GRANTS ARE SCHOLARSHIPS MADE TO STUDENTS AT THE UNIVERSITY. STUDENTS MUST MAINTAIN ENROLLMENT AND CERTAIN REQUIREMENTS TO MAINTAIN THEIR SCHOLARSHIPS. STUDENTS MUST SUBMIT FINANCIAL INFORMATION TO ESTABLISH QUALIFICATIONS FOR NEEDS BASED SCHOLARSHIPS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (4 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Brian C Ralph | ||||||||||||||
| President | $260,516 | $0 | $0 | $0 | $84,000 | $0 | $8,100 | $0 | $14,497 | $0 | $367,113 | $0 | $0 | $0 |
| George A Yearwood | ||||||||||||||
| VP for Administration & CFO | $161,061 | $0 | $0 | $0 | $0 | $0 | $5,253 | $0 | $10,695 | $0 | $177,009 | $0 | $0 | $0 |
| Kristin E Cohen | ||||||||||||||
| VP FOR ENROLLMENT & MARKETING | $148,772 | $0 | $0 | $0 | $0 | $0 | $4,500 | $0 | $8,884 | $0 | $162,156 | $0 | $0 | $0 |
| Jodi Y Stamey | ||||||||||||||
| VP FOR ADVANCEMENT | $160,494 | $0 | $0 | $0 | $0 | $0 | $4,650 | $0 | $7,111 | $0 | $172,255 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 1A: | FormAndLineReferenceDesc |
| Explanation | AS PROVIDED FOR IN HIS CONTRACT, THE PRESIDENT RECEIVES A HOUSING ALLOWANCE IN LIEU OF A RESIDENCE OWNED BY THE UNIVERSITY. THIS IS TREATED AS TAXABLE COMPENSATION TO THE PRESIDENT. | ExplanationTxt |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WISCONSIN PUBLIC FINANCE AUTHORITY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 273866124 | BondIssuerEIN |
| Bond Issued | 2018-06-08 | BondIssuedDt |
| Issue Price | $12,645,000 | IssuePriceAmt |
| Purpose | REFINANCE UNIVERSITY CAPITAL PROJE | PurposeDesc |
| Defeased | false | DefeasedInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| Pool Financing | false | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Retired | $105,000 | RetiredAmt |
| Bond Defeased | $0 | BondDefeasedAmt |
| Total Proceeds | $12,645,000 | TotalProceedsAmt |
| In Reserve Fund | $0 | InReserveFundAmt |
| Capitalized Interest | $0 | CapitalizedInterestAmt |
| Refunding Escrow | $0 | RefundingEscrowAmt |
| Issuance Costs From Proceeds | $140,003 | IssuanceCostsFromProceedsAmt |
| Credit Enhancement | $0 | CreditEnhancementAmt |
| Working Capital Expenditures | $0 | WorkingCapitalExpendituresAmt |
| Capital Expenditures | $0 | CapitalExpendituresAmt |
| Other Spent Proceeds | $12,504,997 | OtherSpentProceedsAmt |
| Unspent | $0 | UnspentAmt |
| Substantial Completion | 2013 | SubstantialCompletionYr |
| Current Refunding | Yes (true) | CurrentRefundingInd |
| Advance Refunding | false | AdvanceRefundingInd |
| Final Allocation Made | Yes (true) | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (true) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | false | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | false | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | Yes (true) | MgmtContractBondFincdPropInd |
| Engage Bond Counsel Contracts | Yes (true) | EngageBondCounselContractsInd |
| Any Research Agreements | false | AnyResearchAgreementsInd |
| Engage Bond Counsel Research | false | EngageBondCounselResearchInd |
| Private Bus Use By Others | 0.00000 | PrivateBusUseByOthersPct |
| Private Bus Concerning UBI | 0.00000 | PrivateBusConcerningUBIPct |
| Total Private Business Use | 0.00000 | TotalPrivateBusinessUsePct |
| Bond Iss Meet Prvt Sec Pymt Test | false | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | false | ChangeInUseBondFinancedPropInd |
| Change In Use Bond Financed Prop | 0.00000 | ChangeInUseBondFinancedPropPct |
| Remedial Action Taken | false | RemedialActionTakenInd |
| Procs Nonqualified Bond Remdtd | Yes (true) | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | false | Form8038TFiledInd |
| Rebate Not Due Yet | false | RebateNotDueYetInd |
| Exception To Rebate | Yes (true) | ExceptionToRebateInd |
| No Rebate Due | false | NoRebateDueInd |
| Variable Rate Issue | Yes (true) | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | false | HedgeIdentifiedInBksAndRecInd |
Hedge Provider Name HedgeProviderName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | 0 | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Proceeds Invested In GIC | false | GrossProceedsInvestedInGICInd |
GIC Provider Name GICProviderName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | 0 | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Proceeds Invested | false | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | Yes (true) | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | Yes (true) | ProceduresCorrectiveActionInd |
Schedule M IRS990ScheduleM
| Field | Value | IRS element (for citing) |
|---|---|---|
| Works Of Art | WorksOfArtGrp | |
| Art Historical Treasures | ArtHistoricalTreasuresGrp | |
| Art Fractional Interest | ArtFractionalInterestGrp | |
| Books And Publications | BooksAndPublicationsGrp | |
| Clothing And Household Goods | ClothingAndHouseholdGoodsGrp | |
| Cars And Other Vehicles | CarsAndOtherVehiclesGrp | |
| Boats And Planes | BoatsAndPlanesGrp | |
| Intellectual Property | IntellectualPropertyGrp |
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 4 | ContributionCnt |
| Noncash Contributions Rpt F990 | $41,122 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV, PUBLICLY TRADED | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities Closely Held Stock | SecuritiesCloselyHeldStockGrp | |
| Secur Prtnrshp Trust Intrsts | SecurPrtnrshpTrustIntrstsGrp | |
| Securities Miscellaneous | SecuritiesMiscellaneousGrp | |
| Qualified Contrib Hist Struct | QualifiedContribHistStructGrp | |
| Qualified Contrib Other | QualifiedContribOtherGrp | |
| Real Estate Residential | RealEstateResidentialGrp |
Real Estate Commercial RealEstateCommercialGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $1,241,500 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | APPRAISAL | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real Estate Other | RealEstateOtherGrp | |
| Collectibles | CollectiblesGrp | |
| Food Inventory | FoodInventoryGrp | |
| Drugs And Medical Supplies | DrugsAndMedicalSuppliesGrp | |
| Taxidermy | TaxidermyGrp | |
| Historical Artifacts | HistoricalArtifactsGrp | |
| Scientific Specimens | ScientificSpecimensGrp | |
| Archaeological Artifacts | ArchaeologicalArtifactsGrp | |
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (true) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | false | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINES 9 & 16, COLUMN B: | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION REPORTS THE NUMBER OF CONTRIBUTIONS FOR PART I, COLUMN (B). | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART I, LINE 1 - DESCRIPTION OF ORGANIZATION MISSION: | THE WILLIAM PEACE UNIVERSITY MISSION IS TO PREPARE STUDENTS FOR CAREERS IN THE ORGANIZATIONS OF TOMORROW. ROOTED IN THE LIBERAL ARTS TRADITION, THE STUDENT DEVELOPS AN APPRECIATION FOR LIFE-LONG LEARNING, A FOCUS ON MEANINGFUL CAREERS, AND SKILLS FOR ETHICAL CITIZENSHIP. |
| FORM 990, PART VI, SECTION A, LINE 1A: | The Board can delegate certain decisions to the Executive Committee as it considers appropriate. The Executive Committee is comprised of members of the board only. The chairman of the board serves as chairman of the executive committee. |
| FORM 990, PART VI, SECTION B, LINE 11: | THE IRS FORM 990 IS REQUIRED TO BE REVIEWED BY THE UNIVERSITY BOARD OF TRUSTEES EACH YEAR BEFORE BEING FILED. A DRAFT VERSION OF THE FORM 990 IS REVIEWED FIRST BY THE ASSISTANT CONTROLLER, CONTROLLER, AND THE VICE PRESIDENT FOR ADMINISTRATION. THE VICE PRESIDENT FOR ADMINISTRATION IS RESPONSIBLE FOR SUBMITTING THE DRAFT VERSION OF THE FORM 990 TO MEMBERS OF THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES OF THE UNIVERSITY. COMMITTEE MEMBERS ARE REQUESTED TO REVIEW THE FORM 990 RETURN AND SUBMIT QUESTIONS AND/OR OTHER FEEDBACK TO THE ADMINISTRATION. THE FULL BOARD REVIEWS THE FORM 990 ON A HIGH LEVEL PRIOR TO IT BEING FILED. THE ASSISTANT CONTROLLER COORDINATES WITH THE UNIVERSITY'S TAX PREPARERS FOR FILING AFTER THE REVIEW PERIOD. |
| FORM 990, PART VI, SECTION B, LINE 12C: | ALL BOARD MEMBERS RECEIVE A CONFLICT OF INTEREST FORM ANNUALLY WHERE THEY DISCLOSE ANY RELATIONSHIPS THEY HAVE WITH PARTIES RELATED TO THE UNIVERSITY. ALL RELATIONSHIPS NOTED ARE REVIEWED FOR APPROPRIATENESS AND FURTHER ACTION IS TAKEN IF NECESSARY. |
| FORM 990, PART VI, SECTION B, LINE 15: | THE UNIVERSITY OBTAINED THE SERVICES OF A REPUTABLE LAW FIRM TO REVIEW THE REASONABLENESS OF THE PRESIDENT'S COMPENSATION AND RENDER THEIR OPINION. THEIR WORK INCLUDED REVIEWING THE EMPLOYMENT AGREEMENT BETWEEN THE UNIVERSITY AND THE PRESIDENT, BYLAWS, MINUTES, RELATED IRS CODE SECTIONS, AND RELATED TAX CASES DEALING WITH COMPENSATION. THEY ALSO COMPARED THE SALARY TO THE CURRENT PRESIDENT'S FORMER SALARY AND TO THE FORMER PRESIDENT'S SALARY. THEY RENDERED AN OPINION THAT THE COMPENSATION IS REASONABLE DEFINED BY THE CODE, TREASURY REGULATIONS, AND RELEVANT JUDICIAL DECISIONS. FOR OTHER KEY MEMBERS OF MANAGEMENT, THE HUMAN RESOURCES OFFICE USES COMPARABILITY STUDIES TO DETERMINE REASONABLE SALARY LEVELS. THE PRESIDENT APPROVES THE SALARY BEFORE OFFERS ARE MADE. |
| FORM 990, PART VI, SECTION C, LINE 19: | THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS GENERALLY AVAILABLE TO THE PUBLIC. |
| FORM 990, PART XI, LINE 9 - CHANGES IN NET ASSETS: | CHANGES IN SPLIT INTEREST AGREEMENTS 133,490 GAIN ON INTEREST RATE SWAP AGREEMENTS 65,862 LOSS ON EXTINGUISHMENT OF DEBT -129,639 NET GAIN ON BENEFICIAL INTEREST IN PERPETUAL TRUSTS 92,298 --------- TOTAL TO FORM 990, PART XI, LINE 9 162,011 |
| FORM 990, PART XII, LINE 2C: | OVERSIGHT OF THE AUDITED FINANCIAL STATEMENTS: THERE HAS BEEN NO CHANGE IN THE PROCESS. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PEACE UNIVERSITY PROPERTIES LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 15 EAST PEACE STREET | AddressLine1Txt |
| City | RALEIGH | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27604 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 560529988 | EIN |
| Primary Activities | REAL ESTATE | PrimaryActivitiesTxt |
| Legal Domicile State | NC | LegalDomicileStateCd |
| Total Income | $75,493 | TotalIncomeAmt |
| End Of Year Assets | $5,748,105 | EndOfYearAssetsAmt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WPU | BusinessNameLine1Txt |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PEACE COLLEGE OF RALEIGH FOUNDATION | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 15 EAST PEACE STREET | AddressLine1Txt |
| City | RALEIGH | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27604 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 560792704 | EIN |
| Primary Activities | SUPPORT | PrimaryActivitiesTxt |
| Legal Domicile State | NC | LegalDomicileStateCd |
| Exempt Code Section | 501(C)(3) | ExemptCodeSectionTxt |
| Public Charity Status | LINE 12B | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WPU | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | Yes (true) | ControlledOrganizationInd |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PEACE COLLEGE&FOUNDATION INVESTMENT POOL | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 15 EAST PEACE STREET | AddressLine1Txt |
| City | RALEIGH | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27604 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 943481706 | EIN |
| Primary Activities | investment | PrimaryActivitiesTxt |
| Legal Domicile State | NC | LegalDomicileStateCd |
| Predominant Income Type | INVESTMENT | PredominantIncomeTypeTxt |
| Share Of Total Income | $365,467 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $16,357,705 | ShareOfEOYAssetsAmt |
| Disproportionate Allocations | false | DisproportionateAllocationsInd |
| General Or Managing Partner | false | GeneralOrManagingPartnerInd |
| Ownership | 0.82450 | OwnershipPct |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (true) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (true) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (true) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (true) | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (true) | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (2 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| PEACE COLLEGE RALEIGH FOUNDATION INC | ||
| C | $119,836 | CASH |
| PEACE COLLEGE RALEIGH FOUNDATION INC | ||
| S | $1,241,500 | LAND TRANSFER |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART III, LINE 1, COLUMN (A): | FormAndLineReferenceDesc |
| Explanation | NAME OF RELATED ORGANIZATION: PEACE COLLEGE AND FOUNDATION INVESTMENT POOL, LLC ADDRESS OF RELATED ORGANIZATION: 15 EAST PEACE STREET, RALEIGH, NC 27604 | ExplanationTxt |