2018-01-26T08:37:56-06:00 2017-05-31 420714325 RSM US LLP 111 ROUNDABOUT COURT ROCKY MOUNT NC 27804 990 2016-06-01 560554199 CHOWAN UNIVERSITY CHOW 2523986500 ONE UNIVERSITY PLACE MURFREESBORO NC 27855 DONNIE CLARY VICE CHANCELLOR FOR BUSINESS A 2523986500 2018-01-17 1 JAMES W MATTHEWS JR P00173928 2524460111 108.171.131.171 2018-01-17 08:37:21 CS P 1D2FAB0B310E062B21FEE647B509D36B6FA82EFA 1D2FAB0B310E062B21FEE647B509D36B6FA82EFA 2016 2021-01-29 14:40:06Z M CHRISTOPHER WHITE ONE UNIVERSITY PLACE MURFREESBORO NC 27855 77066791 0 X WWW.CHOWAN.EDU X 1849 NC PRIVATE HIGHER EDUCATIONAL INSTITUTION PROVIDING UNDERGRADUATE AND GRADUATE CURRICULUMS. 40 37 937 5 1229 -3422 2500509 3011780 42674196 44549013 -1377077 2570716 323166 379672 44120794 50511181 16386752 17490361 0 0 14478168 15796805 0 0 704503 11746474 12476650 42611394 45763816 1509400 4747365 77514008 80133929 14690232 12741320 62823776 67392609 X (SEE CONTINUATION OF PRIMARY MISSION STATEMENT ON SCHEDULE O) CHOWAN UNIVERSITY IS A COMPREHENSIVE COEDUCATIONAL INSTITUTION COMMITTED TO EXCELLENCE IN TEACHING, LEARNING, SCHOLARLY INQUIRY, AND SERVICE. THE UNIVERSITY PROVIDES THE ENVIRONMENT FOR STUDENTS TO BECOME LEARNERS WHO POSSESS THE SKILLS, KNOWLEDGE, CREATIVITY, AND ETHICAL VALUES NECESSARY TO SURVIVE AND FLOURISH IN A RAPIDLY-CHANGING, CULTURALLY DIVERSE, GLOBAL SOCIETY. CHOWAN UNIVERSITY, AS A CHURCH-RELATED INSTITUTION, WAS FOUNDED UPON AND IS DEDICATED TO JUDEO-CHRISTIAN VALUES. CONSISTENT WITH THIS HERITAGE, THE UNIVERSITY IS GUIDED BY THE HISTORIC PRINCIPLES OF RELIGIOUS AND INTELLECTUAL FREEDOM-ACADEMIC EXCELLENCE, THE DIGNITY AND WORTH OF EACH INDIVIDUAL, AN ATMOSPHERE OF OPEN DIALOGUE, FREEDOM OF INQUIRY AND EXPRESSION, AND A MORAL COMMITMENT TO THE PURSUIT OF TRUTH. 0 0 39937702 17490361 44875196 (SEE CONTINUATION OF PROGRAM SERVICE ACCOMPLISHMENTS ON SCHEDULE O) CHOWAN UNIVERSITY IS A COMPREHENSIVE, COEDUCATIONAL, RESIDENTIAL UNIVERSITY WITH BOTH UNDERGRADUATE AND GRADUATE PROGRAMS. THE UNIVERSITY OFFERS A VARIETY OF ACADEMIC PROGRAMS WITH A LIBERAL ARTS BASIS IN CAREER-ORIENTED FIELDS SUCH AS BUSINESS, TEACHER EDUCATION, CRIMINAL JUSTICE, ETC. IN ALL, THE UNIVERSITY OFFERS DEGREES IN 30 PROGRAMS. STUDENTS PARTICIPATE IN, AND ARE EXPOSED TO, VARIOUS CULTURAL ARTS PROGRAMS AND EVENTS. THEY ARE ALSO ENCOURAGED TO BE INVOLVED IN COMMUNITY AND VOLUNTEER PROGRAMS. THE UNIVERSITY OFFERS VARIOUS STYLES OF STUDENT HOUSING FOR RESIDENTIAL STUDENTS. RESIDENTIAL STUDENTS RECEIVE TRAINING AND PROGRAMING FROM THE RESIDENCE LIFE STAFF. ATHLETIC AND INTRAMURAL PARTICIPATION IS ANOTHER IMPORTANT COMPONENT IN THE LEARNING AND EDUCATION EXPERIENCE.THE UNIVERSITY SERVED APPROXIMATELY 1,460 STUDENTS IN ITS TRADITIONAL UNDERGRADUATE PROGRAM DURING THE ACADEMIC YEAR. OF THESE, APPROXIMATELY 1310 WERE RESIDENTIAL STUDENTS. IN ADDITION TO THE TRADITIONAL UNDERGRADUATE STUDENTS, THE UNIVERSITY SERVED APPROXIMATELY 62 UNDERGRADUATE ADULT DEGREE PROGRAM STUDENTS AND 9 GRADUATE PROGRAM STUDENTS. THE UNIVERSITY HAD APPROXIMATELY 219 STUDENTS COMPLETE THEIR PROGRAM STUDIES DURING THE YEAR. 39937702 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 1 33 0 1 937 1 1 1 0 0 0 0 1 1 0 0 0 0 X 40 37 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 1 0 X DONNIE CLARY 2523986250 ONE UNIVERSITY PLACE MURFREESBORO NC 27855 KEMPER W BAKER BOARD OF TRUSTEES 1.00 X 0 0 0 LYNETTE BUNCH BOARD OF TRUSTEES 1.00 X 0 0 0 RAY FELTON BOARD OF TRUSTEES 1.00 X 0 0 0 HAROLD W BABB BOARD OF TRUSTEES 1.00 X 0 0 0 CHARLES B POND III BOARD OF TRUSTEES 1.00 X 0 0 0 HARVEY W REINHARDT BOARD OF TRUSTEES 1.00 X 0 0 0 W FRANK ROSE JR BOARD OF TRUSTEES/CHAIR 1.00 X X 0 0 0 HUGH C VINCENT JR BOARD OF TRUSTEES 1.00 X 0 0 0 AUSTINE O EVANS BOARD OF TRUSTEES 1.00 X 0 0 0 BYNUM R BROWN BOARD OF TRUSTEES 1.00 X 0 0 0 MARY ANNE CROOM BOARD OF TRUSTEES 1.00 X 0 0 0 JEWELL FAYE GLOVER BOARD OF TRUSTEES 1.00 X 0 0 0 W STEVE HAUSER BOARD OF TRUSTEES 1.00 X 0 0 0 LAWRENCE P HOLLISTER BOARD OF TRUSTEES 1.00 X 0 0 0 JAMES W MASON BOARD OF TRUSTEES 1.00 X 0 0 0 JESSE E VAUGHAN BOARD OF TRUSTEES 1.00 X 0 0 0 GARRY WHITAKER BOARD OF TRUSTEES 1.00 X 0 0 0 RICHARD S WINSTEAD BOARD OF TRUSTEES 1.00 X 0 0 0 STANLEY E DIXON JR BOARD OF TRUSTEES 1.00 X 0 0 0 JULIAN R MILLS SR BOARD OF TRUSTEES 1.00 X 0 0 0 MILEY W BUCKY GLOVER BOARD OF TRUSTEES 1.00 X 0 0 0 JANE E NEWSOME BOARD OF TRUSTEES 1.00 X 0 0 0 BETTY R DUKE BOARD OF TRUSTEES 1.00 X 0 0 0 AMY GILLUS BOARD OF TRUSTEES 1.00 X 0 0 0 JAMES T JOHNSON JR BOARD OF TRUSTEES 1.00 X 0 0 0 DEBORAH B VINSON BOARD OF TRUSTEES 1.00 X 0 0 0 LINDA B WEAVER BOARD OF TRUSTEES 1.00 X 0 0 0 SARAH VIRGINIA PARKER BOARD OF TRUSTEES 1.00 X 0 0 0 RONALD L HICKS BOARD OF TRUSTEES 1.00 X 0 0 0 WAYNE HILL BOARD OF TRUSTEES 1.00 X 0 0 0 SHIRLEY B BROWN BOARD OF TRUSTEES 1.00 X 0 0 0 LLOYD L HILL BOARD OF TRUSTEES 1.00 X 0 0 0 ANTHONY M RAWLINGS SR BOARD OF TRUSTEES 1.00 X 0 0 0 E PRESTON GRISSOM BOARD OF TRUSTEES/VICE CHA 1.00 X X 0 0 0 ROBBIE PARKER BOARD OF TRUSTEES 1.00 X 0 0 0 CECIL S HOLLOMON JR BOARD OF TRUSTEES 1.00 X 0 0 0 RAYMOND LEE RICHARDS BOARD OF TRUSTEES 1.00 X 0 0 0 HOWARD J HUNTER III BOARD OF TRUSTEES 1.00 X 0 0 0 BARRY E WHITAKER BOARD OF TRUSTEES 1.00 X 0 0 0 ELAINE E MYERS BOARD OF TRUSTEES 1.00 X 0 0 0 DONNIE O CLARY CORPORATE SECRETARY 40.00 X 221578 0 24039 CHARLES L REVELLE III GENERAL COUNCIL 5.00 X 45300 0 0 DANNY B MOORE RECORDING SECRETARY 40.00 X 196950 0 13010 JOHN M TAYLOE ASST CORPORATE SECRETARY 40.00 X 96648 0 16846 M CHRISTOPHER WHITE PRESIDENT 40.00 X 412033 0 36115 FRANK O MCFARLAND ATHLETIC DIRECTOR 40.00 X 115205 0 18564 P RANDY HARRELL VP STUDENT AFFAIRS 40.00 X 115866 0 33309 LINDA MILES DEAN BUSINESS DEPT 40.00 X 105423 0 18827 1309003 0 160710 6 0 1 0 DDC CONTRUCTION COMPANY LLC 175 DAVIDSON HWY CONCORD NC 28027 STUDENT HOUSING CONSTRUCTION 6360831 PIONEER COLLEGE CATERERS INC 303 GLENROSE AVENUE NASHVILLE TN 37210 FOOD SERVICE 2223236 ARAMARK CORPORATION 24818 NETWORK PLACE CHICAGO IL 60673 HOUSEKEEPING CONTRACTOR 535900 B&M CONTRACTORS INC 790 PITTS CHAPEL RD ELIZABETH CITY NC 27909 CONTRACTOR 394137 NEW REACH MEDIA 16607 BLANCO ROAD SUITE 12202 SAN ANTONIO TX 78232 ADMISSIONS MARKETING VENDOR 379729 21 725233 2286547 528744 3011780 STUDENT TUITION AND FE 611310 33444496 33444496 AUXILIARY ENTERPRI 611310 11104517 11104517 44549013 505417 505417 52260 0 52260 52260 52260 28374251 246658 26298364 257246 2075887 -10588 2065299 2065299 DUES 713940 1229 1229 326183 326183 327412 50511181 44875196 1229 2622976 17490361 17490361 1062519 1062519 12002027 10173713 1400649 427665 529816 411907 100439 17470 1332397 1004629 285160 42608 870046 676420 164938 28688 76614 76614 125469 125469 78001 78001 3362341 3156886 127523 77932 14906 486 14420 127171 112187 14984 1049124 963756 85368 658166 596373 46748 15045 50780 50780 390442 373341 17101 2879287 2753174 126113 390061 70811 319250 SUPPLIES AND EQUIPMENT 704592 704592 REPAIRS & MAINTENANCE 607633 244739 362894 INTERNAL SERVICES 515501 465773 -6717 56445 EXPENDITURE OF GIFTS & 410114 388498 21616 1036448 462729 564473 9246 45763816 39937702 5121611 704503 4685781 5585417 2044914 57952 221775 175842 452247 527959 612901 576437 71785 78007 653764 174346 82117043 37356972 42713692 44760071 21379233 22900153 2882778 3065806 1795138 2231939 77514008 80133929 3086378 1745014 319335 289588 10679120 10140655 605399 566063 14690232 12741320 X 37995956 40755535 2842972 3977087 21984848 22659987 62823776 67392609 77514008 80133929 X 4747365 -247544 69012 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 306380 X X 0 24284721 533849 2409880 1065400 78001 26085049 25099979 472963 -1214495 73726 24284721 25039057 497140 745171 1103000 78389 25099979 23893208 534165 1760088 1059000 89404 25039057 21629445 391254 2939681 960000 107172 23893208 0.86870 0.13130 1 0 9420966 9420966 50623307 19135659 31487648 15494204 12827001 2667203 6578566 5394312 1184254 44760071 U.S. GOVERNMENT FUNDS 566063 566063 X 31504916 -247544 -247544 31752460 78001 18680720 18758721 50511181 28195454 0 28195454 78001 17490361 17568362 45763816 PART III, LINE 4: THE UNIVERSITY'S COLLECTIBLES CONSISTS PRIMARILY OF PAINTINGS AND FURNITURE AND ARE AVAILABLE FOR PUBLIC EXHIBITION AND PRESERVATION FOR FUTURE GENERATIONS. PART X, LINE 2: MANAGEMENT EVALUATED THE UNIVERSITYS TAX POSITIONS AND CONCLUDED THAT THE UNIVERSITY HAD TAKEN NO UNCERTAIN TAX PROVISIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THE INCOME TAXES TOPIC OF THE FASB ACCOUNTING STANDARDS CODIFICATION (ASC). THE UNIVERSITY FILES A FORM 990-T IN ACCORDANCE WITH APPLICABLE U.S. FEDERAL REGULATIONS. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCES 17,490,361. EXCESS (DEFICIENCY) INVESTMENT RETURN 1,190,359. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCES 17,490,361. PART V LINE 4 PART V - LINE 4 - EARNINGS FROM ENDOWMENT FUNDS ARE AVAILABLE FOR THE PURPOSE SPECIFIED IN THE DONOR'S ENDOWMENT AGREEMENT, PRIMARILY SCHOLARSHIP ALLOWANCES TO STUDENTS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 6 CHOWAN UNIVERSITY RECEIVES FEDERAL AND STATE GRANTS FOR STUDENT SCHOLARSHIP ASSISTANCE. 1 INSTITUTIONAL SCHOLARSHIPS 1598 17334582 FMV FEDERAL GRANTS 54 155779 FMV PART I, LINE 2: STUDENTS ARE REQUIRED TO COMPLETE A FAFSA. ELIGIBILITY FOR SCHOLARSHIPS IS DETERMINED BY THE APPLICABLE FEDERAL AND STATE GUIDELINES, BY THEIR ACADEMIC CREDENTIALS, AND FINANCIAL NEED. STUDENTS ARE APPROPRIATELY AWARDED SCHOLARSHIPS IN THE FINANCIAL AID OFFICE AND THE AWARDS ARE TRANSFERRED TO THE STUDENTS' ACCOUNTS IN THE BUSINESS OFFICE. ALL SCHOLARSHIP AND GRANT FUNDS ARE RECONCILED EACH SEMESTER AND REPORTED TO THE APPROPRIATE AUTHORITIES OR AGENCIES. FUNDS ARE ALSO AUDITED ANNUALLY. X 1 1 X X 0 0 0 0 0 0 0 0 0 DONNIE O CLARY CORPORATE SECRETARY 221578 0 0 0 0 0 11187 0 12852 0 245617 0 0 0 DANNY B MOORE RECORDING SECRETARY 196950 0 0 0 0 0 9938 0 3072 0 209960 0 0 0 M CHRISTOPHER WHITE PRESIDENT 412033 0 0 0 0 0 13250 0 22865 0 448148 0 0 0 PART I, LINE 1A THE UNIVERSITY PROVIDES HOUSING ON PREMISES FOR ITS PRESIDENT AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE UNIVERSITY. THE PRESIDENT IS REQUIRED TO ACCEPT THE LODGING IN ORDER TO ENABLE HIM TO PROPERLY PERFORM THE DUTIES OF HIS EMPLOYMENT. ACCORDINGLY, SUCH LODGING IS NOT INCLUDED IN TAXABLE INCOME. ROSE BROTHERS PAVING CO INC COMPANY UNDER OWNERSHIP OF OFFICER AND TRUSTEE 224142 PAVING OF VARIOUS CONSTRUCTION SITES 0 X 5 528744 APPRAISED VALUE 9 0 1 1 PART I, COLUMN (B): THE UNIVERSITY IS REPORTING THE NUMBER OF CONTRIBUTIONS IN COLUMN B. PART I, LINE 32B: REALTORS ARE USED TO SELL REAL PROPERTY DONATED TO THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 2 TRUSTEES BARRY E. WHITAKER AND GARRY WHITAKER - FAMILY RELATIONSHIP. TRUSTEE W FRANK ROSE - PAVING SERVICES THROUGH ROSE BROTHERS PAVING CO. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PROVIDED TO THE MEMBERS OF THE BUSINESS AFFAIRS COMMITTEE OF THE BOARD OF TRUSTEES FOR THEIR REVIEW AND COMMENT BEFORE FINALIZING THE RETURN. THE FINALIZED COPY OF THE FORM 990, EXCLUDING SCHEDULE B, WAS MADE AVAILABLE TO THE FULL BOARD OF TRUSTEES THROUGH EMAIL, HARD COPY, OR POSTING ON THE UNIVERSITY WEBSITE RESTRICTED TO TRUSTEE USE. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY DISTRIBUTES A COPY OF THE CONFLICT OF INTEREST POLICY, AS STATED IN THE UNIVERSITY'S BYLAWS, TO THE BOARD OF TRUSTEES AND ADMINISTRATIVE OFFICERS. THE TRUSTEES ARE ASKED ANNUALLY TO SIGN A FORM CONFIRMING THAT THEY HAVE READ AND UNDERSTAND THE UNIVERSITY'S CONFLICT OF INTEREST POLICY AND AGREE TO DISCLOSE ANY ACTIVITIES, INTERESTS OR RELATIONSHIPS THAT MAY CREATE A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES MEETS ANNUALLY TO EVALUATE THE PERFORMANCE OF THE PRESIDENT. DURING THIS EVALUATION PROCESS THEY DISCUSS AND DECIDE ON THE PRESIDENT'S SALARY FOR THE UPCOMING FISCAL YEAR. THE COMMITTEE ALSO REVIEWS AND APPROVES SALARY RECOMMENDATIONS FOR THE SENIOR ADMINISTRATIVE STAFF FOR THE FUTURE FISCAL YEAR. FORM 990, PART VI, SECTION C, LINE 19 REQUESTS MADE IN PERSON WILL BE MADE AVAILABLE WITHIN FIVE BUSINESS DAYS. REQUESTS MADE IN WRITING WILL BE MADE AVAILABLE WITHIN 30 DAYS. REQUESTS ARE SUBJECT TO THE STATUTE OF LIMITATIONS AS DESCRIBED IN TAX REGULATIONS. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 69,012. FORM 990 PART XII LINE 2C THE BUSINESS AFFAIRS COMMITTEE ASSUMES REPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE UNIVERSITY'S FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.