2018-08-30T10:09:50-05:00 2017-06-30 BDO USA LLP 1100 Peachtree Street Suite 700 ATLANTA GA 303094516 990 2016-07-01 560530003 Queens University of Charlotte % MATTHEW PACKEY QUEE 7043372375 1900 SELWYN AVENUE CHARLOTTE NC 28274 MATTHEW PACKEY CFO/VP FOR ADMIN 7043372375 2018-08-29 true Sandra L Feinsmith P01064157 4046886841 2018-08-28 2016 2022-09-23 18:48:47Z X DR PAMELA L DAVIES PHD 1900 SELWYN AVENUE CHARLOTTE NC 28274 116823565 false X www.queens.edu X 1896 NC QUEENS UNIVERSITY OF CHARLOTTE PROVIDES EDUCATIONAL EXPERIENCES THAT TRANSFORM STUDENTS' LIVES AND FOSTER PERSONAL AND PROFESSIONAL SUCCESS. 36 35 1201 900 0 0 16595805 47730060 61437891 60237165 1095062 6600475 1809 -11652 79130567 114556048 20245422 21091388 0 0 32391871 33358263 0 0 1993994 25388336 25231178 78025629 79680829 1104938 34875219 134734577 174549244 82838534 83692294 51896043 90856950 QUEENS UNIVERSITY OF CHARLOTTE PROVIDES EDUCATIONAL EXPERIENCES THAT TRANSFORM STUDENTS' LIVES AND FOSTER PERSONAL AND PROFESSIONAL SUCCESS. false false 57961320 21091388 60237165 Queens University of Charlotte is a private, Co-ed, Presbyterian-Affiliated comprehensive University with a commitment to both liberal arts and professional studies. Located in the heart of historic Charlotte, Queens serves approximately 2,400 Undergraduate and Graduate students through its College of Arts and Sciences, McColl School of Business, The Blair College of Health, The Presbyterian School of Nursing, Wayland H. Cato, Jr. School of Education, the Knight School of Communication and Hayworth School of Graduate and Continuing Studies. 57961320 true true false false false false false false false true true true false false true true false true true false false false false false true false false false true true true false false false false false false false true false false true true false false false true false false false true 288 0 true 1201 true false false false false false true true false false false false X 36 35 false false false false false false false true true false false true true true true true true true true false X MATTHEW PACKEY 7043372375 1900 SELWYN AVENUE CHARLOTTE NC 28274 Pamela Davies President, Ex-Officio, B.O.T. 60.0 0.0 X X 340199 0 84580 Michael Tarwater Chair 1.0 0.0 X 0 0 0 Michael Marsicano Immediate Past Chair 1.0 0.0 X 0 0 0 Kathryn Winsman Black Secretary 1.0 0.0 X 0 0 0 David Darnell Trustee 1.0 0.0 X 0 0 0 Carlos Evans Trustee 1.0 0.0 X 0 0 0 Anthony Fox Trustee 1.0 0.0 X 0 0 0 Ophelia Garmon-Brown Trustee 1.0 0.0 X 0 0 0 J Michael McGuire Trustee 1.0 0.0 X 0 0 0 Katherine Belk Morris Trustee 1.0 0.0 X 0 0 0 Michael Murphy II Trustee 1.0 0.0 X 0 0 0 Janet Preyer Nelson Trustee 1.0 0.0 X 0 0 0 Howard Bissell III Trustee 1.0 0.0 X 0 0 0 Jan Hall Brown Trustee 1.0 0.0 X 0 0 0 Jeff Brown Trustee 1.0 0.0 X 0 0 0 Deborah Butler Bryan Trustee 1.0 0.0 X 0 0 0 Kevin Collins Trustee 1.0 0.0 X 0 0 0 Christine Louttit Crowder Trustee 1.0 0.0 X 0 0 0 Jesse Cureton Jr Trustee 1.0 0.0 X 0 0 0 Carson Sloan Henline Trustee 1.0 0.0 X 0 0 0 Julie Janson Trustee 1.0 0.0 X 0 0 0 David Jones Trustee 1.0 0.0 X 0 0 0 Sandra Levine Trustee 1.0 0.0 X 0 0 0 Thomas Lewis Trustee 1.0 0.0 X 0 0 0 Sally Wheeler Maier Trustee 1.0 0.0 X 0 0 0 Elizabeth W Martin Trustee 1.0 0.0 X 0 0 0 Elizabeth Hunter Persson Trustee 1.0 0.0 X 0 0 0 Larry Polsky Trustee 1.0 0.0 X 0 0 0 Myrta Pulliam Trustee 1.0 0.0 X 0 0 0 Michael Rizer Trustee 1.0 0.0 X 0 0 0 MA Rogers Trustee 1.0 0.0 X 0 0 0 Caroline Sink Trustee 1.0 0.0 X 0 0 0 Cynthia Haldenby Tyson Trustee 1.0 0.0 X 0 0 0 SALLIE MOORE LOWRANCE Trustee 1.0 0.0 X 0 0 0 Ruth Anne Vagt Trustee 1.0 0.0 X 0 0 0 Father Mauricio West Trustee 1.0 0.0 X 0 0 0 James Bullock VP for University Advancement 50.0 0.0 X 297593 0 33458 Matt Packey CFO/VP for Administration 50.0 0.0 X 223948 0 41859 Lynn Morton VP for Academic Affairs 50.0 0.0 X 231276 0 42840 Rebecca Anderson VP, Strategy & HR 50.0 0.0 X 135053 0 36615 Jennifer Johnson VP, Marketing & Communication 50.0 0.0 X 103781 0 23037 William Nichols VP Campus Planning & Services 30.0 0.0 X 85985 0 7160 Tamara Burrell Exec Dir Pres Rel & Secretary 40.0 0.0 X 60678 0 14533 John Bennett Assoc Prof, Behavioral Science 50.0 0.0 X 323269 0 19015 Nancy McNelis AVP Adv/Managing Dir Ext Rel 50.0 0.0 X 224990 0 13393 Gary Powell Professor, Finance 50.0 0.0 X 198354 0 26570 Richard Mathieu Dean McColl School of Business 50.0 0.0 X 211830 0 35252 Paul Joyce Executive Director ELI Program 50.0 0.0 X 209339 0 12223 2646295 0 390535 31 false true false Compass Group USA Inc PO Box 417632 BOSTON MA 024417632 food service 2973918 Sodexho Inc Affiliates PO Box 646 LISLE IL 605320646 grounds/maintenance 2601758 Deltak Edu LLC 1415 West 22nd St Suite 400 OAK BROOK IL 60523 ONLINE HIGHER ED PRG 1487110 Robinson Bradshaw Hinson PA 101 North Tryon St Suite 1900 CHARLOTTE NC 28246 Legal Services 191637 BrandRPM LLC 4910 Starcrest Dr MONROE NC 28110 PROMOTIONAL PRODUCTS 170356 8 69950 2311555 45348555 1555552 47730060 TUITION & FEES 611310 48420347 48420347 AUXILIARY ENTERPRISES 611310 10384103 10384103 OTHER INCOME 611310 1432715 1432715 60237165 2001907 2001907 0 0 0 0 0 2634418 4200000 1452762 783088 1181656 3416912 4598568 4598568 20015 69950 31667 -11652 -11652 0 0 0 0 0 0 0 114556048 60237165 6588823 0 21091388 21091388 0 0 3030338 576581 1806294 647463 0 24702365 19606673 4322666 773026 1091381 938957 111943 40481 2764423 2006734 644727 112962 1769756 1431442 259379 78935 0 71388 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13083300 11966141 16595805 13327683 64295250 6480759 57814491 1415613 1199702 1180528 1992137 2001907 7789887 0 26022 36549 24686 1809 0 89066 72174203 292903578 0.80104 0.78480 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 94412200 2064270 11343247 4401496 103418221 91150681 8687254 -1221777 4203958 94412200 91860550 1718800 1995155 4423824 91150681 81173423 4623605 8227418 2163896 91860550 75373009 2655119 5317092 2171797 81173423 0.76820 0.16400 0.06780 false true true 260000 260000 130030170 33651326 96378844 18920358 15792107 3128251 36075699 15333376 20742323 120509418 PERPETUAL TRUSTS 1340101 F INVESTMENT IN LAND 1366242 F POOLED INVESTMENTS 5373620 F NON-PERPETUAL TRUST 34782299 F 42862262 0 DEPOSITS & DEFERRED REVENUE 3451788 CAPITAL LEASE OBLIGATIONS 218051 LINES OF CREDIT 9482768 13152607 X ENDOWMENT FUNDS SCHEDULE D, PART V THE INTENDED USES OF THE UNIVERSITY'S ENDOWMENT FUNDS ARE FOR SCHOLARSHIPS, PROFESSORSHIPS, FACULTY DEVELOPMENT, BUILDING & GROUNDS, LIBRARY, ACADEMIC AND OTHER. The University files a consolidated audited financial statement which includes the activity of the Queens University of Charlotte Endowment. The Endowment is a 501(c)(3) Type I supporting foundation of the University and a separate legal entity with its own tax exempt status. For tax purposes, the Endowment must file a separate Form 990. Therefore the financial amounts reported on the Universitys Form 990 Parts X and XI differ from the audited financial statements because the Endowments financial activity must be excluded from the Universitys Form 990 and is reported on the Endowments Form 990. FIN 48 (ASC) FOOTNOTE SCHEDULE D, PART X, LINE 2 The University analyzed its tax positions for the year ended June 30, 2017 and determined that there were no uncertain tax positions that would have a material impact on the University's financial statements. The University recognizes interest and penalties, if any, related to unrecognized tax benefits as income tax expense in the statement of activities. During the year, the University did not accrue any interest or penalties. true true true true true true true false false false false false false false false true false true NONDISCRIMINATORY POLICY SCHEDULE E, LINE 3 Queens University of Charlotte published the following statement in its admission materials, application, and its website: "Admissions is granted to qualified applicants without regard to race, color, gender, sexual orientation, sexual identity, religion, age, national origin, disability, political beliefs, veteran status, genetic information or any characteristics protected by law." FINANCIAL AID/ASSISTANCE FROM A GOVERNMENTAL AGENCY SCHEDULE E, LINE 6A The university participates in a variety of federal financial aid programs including the Pell Grant Program, Federal Supplemental Educational Opportunity Grant (SEOG) Program, Federal Work Study Program and Federal Direct and the Perkins Loan Programs. The university also receives various federal grants and contracts for academic programming and scientific research. The university receives assistance from the state of North Carolina including the North Carolina Need Based Scholarship, the North Carolina Forgivable Education Loan Program and the North Carolina Teaching Fellows Program. B.W. Golf Tourn 89965 69950 20015 2547 17224 11821 75 0 89965 69950 20015 2547 17224 11821 75 31667 -11652 true SCHOLARSHIPS 1409 21044253 WORK STUDY PROGRAMS 184 47135 MONITORING THE USE OF GRANTS SCHEDULE I, PART I, LINE 2 Scholarships and fellowships are awarded by Queens University of Charlotte to students based on their academic achievement, talent in the fine arts, and participation in intercollegiate athletics. The awards are based on their performance levels. Students are also awarded need-based scholarships and grants based on their need as established by completing the Free Application for Federal Student Aid (FAFSA) and, if applicable, by specific criteria and guidelines for other Institutional, federal and state programs. X X true true X X X X X X false false false true false true false false false Pamela Davies President, Ex-Officio, B.O.T. 319099 0 0 21100 0 19875 0 64705 0 424779 0 0 0 James Bullock VP for University Advancement 251735 0 0 45858 0 19200 0 14258 0 331051 0 0 0 Matt Packey CFO/VP for Administration 223417 0 0 0 531 0 17250 0 24609 0 265807 0 0 0 Lynn Morton VP for Academic Affairs 192355 0 0 38921 0 15225 0 27615 0 274116 0 0 0 Rebecca Anderson VP, Strategy & HR 134774 0 0 0 279 0 11025 0 25590 0 171668 0 0 0 John Bennett Assoc Prof, Behavioral Science 97736 0 0 0 225533 0 7630 0 11385 0 342284 0 0 0 Nancy McNelis AVP Adv/Managing Dir Ext Rel 143318 0 35918 0 45754 0 10853 0 2540 0 238383 0 0 0 Gary Powell Professor, Finance 119019 0 0 79335 0 9360 0 17210 0 224924 0 0 0 Richard Mathieu Dean McColl School of Business 210406 0 0 0 1424 0 16313 0 18939 0 247082 0 0 0 Paul Joyce Executive Director ELI Program 86676 0 80475 0 42188 0 0 0 12223 0 221562 0 0 0 RESIDENCE FOR PERSONAL USE AND SOCIAL CLUB DUES SCHEDULE J, PART I, LINE 1A Queens owns and provides a residence for the President which is located on the campus. This residence is used frequently for business purposes such as meetings, receptions, and entertaining donors. The business value was not treated as taxable compensation. Queens also provides the President with a membership to a country club (Myers Park Country Club). This membership is used primarily for business purposes such as meetings, receptions and entertaining donors. The value was not treated as taxable compensation. DETERMINING COMPENSATION SCHEDULE J, PART I, LINE 3 The Presidents compensation is determined and approved by the Compensation Committee of the Board of Trustees. This committee utilizes information from the 990 returns of other benchmark institutions, compensation surveys of other private colleges and universities, and other benchmarks obtained by the members of the committee as information in the compensation determination process. These discussions are documented in the minutes and files of the compensation committee. COMPENSATION CONTINGENT UPON THE REVENUES OF THE ORGANIZATION SCHEDULE J, PART I, LINE 5A The Compensation Committee implemented a Compensation Philosophy for the officers of the organization through the application of the following considerations: * Base salary will be set so that the targeted positioning of an Officer is the 50th percentile of the target market for each position. Base salary for an individual Officer relative to the target market pay will be set by the President based on the individual's unique background, experiences, personal skills and abilities (including creativity, growth-orientation and discipline) as well as based on the business challenges facing the Organization which require the use of such attributes or skills. * Annual incentive compensation, if any, will be delivered according to a guideline that approximates the market 75th percentile total cash compensation for commensurate performance. The Committee has the discretion to deliver annual incentives above or below the 75th percentile based on individual circumstances and performance conditions. The aim of annual incentives is to drive and reward consistent improvement in performance. Goals to achieve an incentive payout include, but are not limited to, targets at different levels for total revenues of the organization. DEFERRED COMPENSATION SCHEDULE J, PART II, COLUMN (C) AMOUNTS REPORTED AS DEFERRED COMPENSATION ARE EMPLOYER CONTRIBUTIONS TO THE DEFINED CONTRIBUTION RETIREMENT 403(B) PLAN, WHICH IS APPLICABLE TO ALL PARTICIPATING EMPLOYEES. A PUBLIC FINANCE AUTHORITY 273866124 2013-12-19 55915000 refund issues7/27/11,5/10/01,10/14 false false false A 0 0 55915000 0 0 0 395000 0 0 0 55520000 0 true false true true A false false false false 0.00000 0.00000 0.00000 false false false true A false true false false 0 false 0 false true A true SCHEDULE K SUPPLEMENTAL INFORMATION PART II, COLUMN A, LINE 11: THE OTHER SPENT PROCEEDS ARE THE REFUNDING PROCEEDS THAT ARE NO LONGER IN ESCROW. CAROLINE WANNAMAKER SINK TRUSTEE 115568 CONSULTING false Michael Marsicano TRUSTEE 232871 INVESTMENT SERVICES false Anthony Fox TRUSTEE 54164 CONSULTING false PART IV, LINE 1: BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS Caroline Sink is a partner at Robinson Bradshaw & Hinson, PA (RBH). RBH regularly PROVIDES CONSULTING SERVICES TO Queens on various issues. Michael Marsicano is the President of Foundation for the Carolinas and past Board Chair of Queens University of Charlotte. The investment assets of the Queens University of Charlotte Endowment are managed by the Foundation for the Carolinas. Anthony Fox is a partner at Parker Poe Adams & Bernstein LLC (PPAB). PPAB regularly PROVIDES CONSULTING SERVICES TO Queens on various issues during the fiscal year. X 2 51150 fmv X 3000 FMV X 59 1477742 FMV X 3 1524 FMV X GIFT CERTIFICATES 1 6768 FMV X SOFTBALL EQUIPMENT 1 1200 FMV X INSTRUMENTS 3 4400 FMV X miscellaneous 7 9768 FMV 1 false true false SCHEDULE M, PART I, LINE 33 THE UNIVERSITY DOES NOT SEEK AN APPRAISAL, NOR DOES THE UNIVERSITY RECORD AS REVENUE, ANY NONCASH ITEM DONATED UNLESS THE DONOR PROVIDES AN INDEPENDENT THIRD PARTY APPRAISAL AS PART OF FORM 8283. THE STOCK GIFTED TO QUEENS IS SOLD IMMEDIATELY UPON THE TRANSFER, WHICH IS HOW A CASH VALUE IS DETERMINED FOR THE STOCK. REVIEW OF FORM 990 FORM 990, PART VI, SECTION B, QUESTION 11B Prior to filing the Form 990, the Compensation Committee of the Board of Trustees reviewed the compensation-related sections of the draft Form 990, and all voting members of the Board of Trustees were provided with access to the draft Form 990 via a secure website. MONITORING CONFLICTS OF INTEREST FORM 990, PART VI, SECTION B, LINE 12C At least annually, all employees are reminded of the Universitys conflict of interest policy and all new employees are educated about the policy during the hiring process. Supervisors look for potential conflicts of interest for employees under their supervision and disclose such potential conflicts as necessary. DETERMINING COMPENSATION FORM 990, PART VI, SECTION B, LINE 15A AND B The Presidents compensation is determined and approved by the Compensation Committee of the Board of Trustees. The committee utilizes an independent compensation consulting firm as well as information from the 990 returns of other benchmark institutions, compensation surveys of other private colleges and universities, and other benchmarks obtained by the members of the committee as information in the compensation determination process. These discussions are documented in the minutes and files of the compensation committee. The President determines the compensation for the other officers of the university. She utilizes information from the 990 returns of other benchmark institutions, compensation surveys of other private colleges and universities, and other benchmark data in the compensation determination process. DOCUMENTS AVAILABLE TO THE PUBLIC FORM 990, PART VI, SECTION C, QUESTION 19 NONE OF THESE DOCUMENTS ARE AVAILABLE TO THE GENERAL PUBLIC; HOWEVER, ANY OF THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. OTHER CHANGES IN NET ASSETS FORM 990, PART XI, LINE 9 The change of $9,518,824 reflects the change in activity reported on the Queens University of Charlotte Endowment Form 990. The University files a consolidated audited financial statement which includes the activity of the Queens University of Charlotte Endowment. The Endowment is a 501(c)(3) Type I supporting foundation of the University and a separate legal entity with its own tax exempt status. For tax purposes, the Endowment must file a separate Form 990. Therefore the financial amounts reported on the Universitys Form 990 Parts X and XI differ from the audited financial statements because the Endowments financial activity must be excluded from the Universitys Form 990 and is reported on the Endowments Form 990. Amendment of Return Form 990, PAge 1, Box B, Amended Return Queens University is amending its form 990 for June 30, 2017 due to an error in one of the key employees nontaxable compensation numbers in Part VII and Schedule J, Part II. QUEENS UNIVERSITY ENDOWNMENT 220 N TRYON STREET CHARLOTTE NC 28202 472298734 EDUCATION NC 501(C)(3) TYPE I NA false true true false false false false false false false false false false false false false true false false queens university endowment b 2064270 actual queens university endowment c 4469467 actual queens university endowment q 561310 actual