2019-05-10T10:46:11-05:00 2018-06-30 BDO USA LLP 8401 GREENSBORO DRIVE 800 MCLEAN VA 22102 990 2017-07-01 560529988 WILLIAM PEACE UNIVERSITY % GEORGE A YEARWOOD WILL 9195082035 15 EAST PEACE STREET RALEIGH NC 27604 GEORGE A YEARWOOD VP FOR FINANCE & CFO 9195082035 2019-05-08 true Marc Berger P01871563 7038930600 47.186.88.54 54621820191305000012 2019-05-10 P 453C092F4FAE56C85AAB65CCAB8DCA36E7EE5C2A 453C092F4FAE56C85AAB65CCAB8DCA36E7EE5C2A 2017 2019-02-21 02:37:17Z DR BRIAN C RALPH 15 EAST PEACE STREET RALEIGH NC 27604 31189451 false X WWW.PEACE.EDU X 1857 NC SEE SCHEDULE O 13 13 513 150 254230 -32456 2180448 2181786 27291140 27251362 530617 597161 364803 309564 30367008 30339873 9172778 9089108 0 0 9407673 10275608 0 0 513685 11772801 11993743 30353252 31358459 13756 -1018586 72571371 71368489 16067297 15586297 56504074 55782192 X 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. false false 15039411 9089108 22469239 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. 4886636 0 254230 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. 4856512 0 4527893 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. 24782559 true true false false false false false false false true true false false true true true false true true false false false false false false false false false true true true false false false false false false false true false false false true true true true false false true 43 0 true 513 true true true false false false false false true 1 false false false X 13 13 false false false false false false false true true false false true true true true true true true true false NC X GEORGE A YEARWOOD 9195082035 15 EAST PEACE STREET RALEIGH NC 27604 Mary Davis Betts Board Secretary 5.0 0.0 X X 0 0 0 J Frederick Kelly Jr Board Chair 5.0 1.0 X X 0 0 0 John Day Board Treasurer 5.0 0.0 X X 0 0 0 Edward McLeod Jr Board Vice Chair 5.0 0.0 X X 0 0 0 Beth Cherry Board Past Chair 5.0 0.0 X X 0 0 0 Rae Marie H Czuhai Board Member 2.0 0.0 X 0 0 0 Gerald Jeb Jeutter Board Member 2.0 0.0 X 0 0 0 Bob Wright Board Member 2.0 0.0 X 0 0 0 Willard Ross Board Member 2.0 1.0 X 0 0 0 Kenneth Gwynn Board Member 2.0 1.0 X 0 0 0 Rachel Reynolds Board Member 2.0 0.0 X 0 0 0 Lynn Erdman BOARD MEMBER 2.0 0.0 X 0 0 0 Megan Hoffner BOARD MEMBER 2.0 0.0 X 0 0 0 Brian C Ralph President 50.0 2.0 X 344516 0 22597 George A Yearwood VP for Administration & CFO 50.0 2.0 X 161061 0 15948 Frank P Rizzo VP for Student Life 40.0 0.0 X 134044 0 5886 Charles S Duncan VP for Academic Affairs 40.0 0.0 X 128964 0 11777 Kristin E Cohen VP FOR ENROLLMENT & MARKETING 40.0 0.0 X 148772 0 13384 Jodi Y Stamey VP FOR ADVANCEMENT 40.0 0.0 X 160494 0 11761 JOHN B CRANHAM AVP FOR BUILDING & GROUNDS 40.0 0.0 X 101900 0 9867 1179751 0 91220 7 false true false VIE RALEIGH LLC 403 WOLF CREEK CR RALEIGH NC 27606 STUDENT HOUSING RENT 1314894 SODEXO INC AFFILIATES PO BOX 360170 PITTSBURGH PA 152516170 DINING SERVICES 1667505 BUDD GROUP PO BOX 890856 CHARLOTTE NC 282890856 HOUSEKEEPING 473724 FHEG PEACE COLLEGE BOOKS 3146 Solutions Center CHICAGO IL 606773001 textbooks 484624 ALPHAGRAPHICS OF DOWNTOWN RALEIGH 1313 FAIRVIEW ROAD RALEIGH NC 27608 MARKETING 335616 27 1361336 169993 650457 1282622 2181786 TUITION AND FEES 900099 22469239 22469239 AUXILIARY ENTERPRISES 900099 4527893 4527893 CONFERENCE & EVENTS 531120 254230 254230 27251362 756961 756961 0 0 48312 48312 0 48312 48312 689778 849578 -159800 -159800 -159800 0 0 0 0 0 0 0 0 0 OTHER INCOME 900099 261252 261252 261252 30339873 26997132 254230 906725 0 9089108 9089108 0 0 1250888 475084 597411 178393 0 7292450 5575036 1559784 157630 120093 84520 32878 2695 1096207 595462 485410 15335 515970 393815 110943 11212 0 98183 0 98183 0 0 0 0 0 2536358 2186103 350255 464095 183302 256447 24346 353878 247074 78656 28148 1073743 0 1073743 0 0 2131480 1773948 357532 0 299108 282085 5436 11587 0 0 533369 465631 67738 0 0 1430629 1214856 215773 0 17640 0 17640 0 OPERATION/MAINTENANCE 864485 756588 107897 PROGRAM SUPPORT 1948566 1361962 518768 67836 TRAINING/DEVELOPMENT 242209 97985 127721 16503 31358459 24782559 6062215 513685 3110173 2013288 3608830 2460393 260365 187683 949079 976687 0 0 0 0 0 0 0 0 0 0 57143140 18922992 37016082 38220148 16269296 16357706 58106 47964 0 0 0 0 11299440 11104620 72571371 71368489 1374443 1363714 0 0 1564628 1660526 0 12439165 0 0 0 0 12909043 0 0 0 219183 122892 16067297 15586297 X 20716771 20259335 7706061 7283001 28081242 28239856 56504074 55782192 72571371 71368489 X -1018586 100714 27500 6479 162011 X X false true X true true true X 30245665 170664 609182 240409 203815 209467 30371820 30064935 404146 618254 240409 340564 260697 30245665 30547346 1032468 -412284 470361 299141 333093 30064935 31821465 502452 -264562 470361 466530 575118 30547346 32841094 18624 728618 607458 557867 601546 31821465 0.00960 0.93190 0.07770 true true true 8601950 8601950 42179091 14090758 28088333 6362099 4832234 1529865 0 38220148 CONTRIBUTIONS RECEIVABLE 2433731 BENEFICIAL INTEREST 4455442 OTHER 558495 DUE FROM PEACE COLL OF RALEIGH 3656952 11104620 0 ANNUITIES PAYABLE 37537 LEASES PAYABLE 57887 ACCRUED INTEREST 27468 122892 X 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. true true true true true true true false false false false false false false false true false true 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. true FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT 89 85200 INSTITUTIONAL GRANTS 786 8987408 NORTH CAROLINA TUITION ASSISTANCE PROGRAM 2 7500 NORTH CAROLINA GOLDEN LEAF SCHOLARSHIPS 6 9000 PART I, LINE 2: 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. X true true X X X false false false false false false false false false Brian C Ralph President 260516 0 0 0 84000 0 8100 0 14497 0 367113 0 0 0 George A Yearwood VP for Administration & CFO 161061 0 0 0 0 0 5253 0 10695 0 177009 0 0 0 Kristin E Cohen VP FOR ENROLLMENT & MARKETING 148772 0 0 0 0 0 4500 0 8884 0 162156 0 0 0 Jodi Y Stamey VP FOR ADVANCEMENT 160494 0 0 0 0 0 4650 0 7111 0 172255 0 0 0 PART I, LINE 1A: 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. A WISCONSIN PUBLIC FINANCE AUTHORITY 273866124 2018-06-08 12645000 REFINANCE UNIVERSITY CAPITAL PROJE false false false A 105000 0 12645000 0 0 0 140003 0 0 0 12504997 0 2013 true false true true A false false true true false false 0.00000 0.00000 0.00000 false false 0.00000 false true A false false true false true false 0 false 0 false true A true X 4 41122 FMV, PUBLICLY TRADED X 1 1241500 APPRAISAL false true false PART I, LINES 9 & 16, COLUMN B: THE ORGANIZATION REPORTS THE NUMBER OF CONTRIBUTIONS FOR PART I, COLUMN (B). 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. PEACE UNIVERSITY PROPERTIES LLC 15 EAST PEACE STREET RALEIGH NC 27604 560529988 REAL ESTATE NC 75493 5748105 WPU PEACE COLLEGE OF RALEIGH FOUNDATION 15 EAST PEACE STREET RALEIGH NC 27604 560792704 SUPPORT NC 501(C)(3) LINE 12B WPU true PEACE COLLEGE&FOUNDATION INVESTMENT POOL 15 EAST PEACE STREET RALEIGH NC 27604 943481706 investment NC INVESTMENT 365467 16357705 false false 0.82450 false false true false false false false false false false false false false true true false false true true PEACE COLLEGE RALEIGH FOUNDATION INC C 119836 CASH PEACE COLLEGE RALEIGH FOUNDATION INC S 1241500 LAND TRANSFER PART III, LINE 1, COLUMN (A): NAME OF RELATED ORGANIZATION: PEACE COLLEGE AND FOUNDATION INVESTMENT POOL, LLC ADDRESS OF RELATED ORGANIZATION: 15 EAST PEACE STREET, RALEIGH, NC 27604