2018-02-01T07:24:12-06:00 2017-06-30 560587513 HAIGH BYRD & LAMBERT LLP PO BOX 53349 FAYETTEVILLE NC 283053349 990 2016-07-01 560657294 THE METHODIST UNIVERSITY INC METH 9106307000 5400 RAMSEY STREET FAYETTEVILLE NC 283111420 DAWN AUSBORN VP BUSINESS AFFAIRS 9106307610 2018-01-10 1 MARCUS A HEDGEPETH P00151295 9104831437 24.172.27.82 2018-01-10 14:05:11 ES P 9F2DDD366E5138F271DCDDD3269019F8BD11F048 024EC17764FD75ADB37BDE2DB47BA0BEA776BD49 2016 2021-01-29 14:40:06Z DR BEN E HANCOCK JR 5400 RAMSEY STREET FAYETTEVILLE NC 283111420 106629532 0 X WWW.METHODIST.EDU X 1956 NC UNDERGRADUATE AND GRADUATE EDUCATION 38 36 1672 0 24749 -122350 5532730 5915367 76669241 80562722 -39909 1371078 -22604 -24884 82139458 87824283 26996309 28720377 0 0 32488530 34061033 0 0 700251 21302329 21676922 80787168 84458332 1352290 3365951 114055617 117179408 44127154 42574178 69928463 74605230 X THE PURPOSE OF METHODIST UNIVERSITY IS TO PROVIDE AN UNDERGRADUATE & GRADUATE EDUCATION FIRMLY GROUNDED IN THE LIBERAL ARTS TRADITION, THAT NURTURES MORAL VALUES & ETHICAL DECISION-MAKING; TO PROVIDE DISTINCTIVE PROFESSIONAL & GRADUATE PROGRAMS THAT COMPLEMENT THE UNDERGRADUATE PROGRAMS; TO PROVIDE EDUCATIONAL & CULTURAL RESOURCES TO THE COMMUNITY; AND TO PREPARE STUDENTS FOR A VARIETY OF CAREERS & EDUCATIONAL PURSUITS. 0 0 65041535 28720377 66616527 POST SECONDARY EDUCATION: METHODIST UNIVERSITY PROVIDES BOTH UNDERGRADUATE & GRADUATE EDUCATION, FOUNDED IN LIBERAL ARTS, TO APPROXIMATELY 2500 STUDENTS. THE UNIVERSITY'S PROGRAMS ARE CONCENTRATED IN ARTS & HUMANITIES, PUBLIC AFFAIRS, SCIENCE & HUMAN DEVELOPMENT, BUSINESS, & GRADUATE STUDIES, AND BOAST NATIONALLY RENOWNED PROGRAMS SUCH AS THE PROFESSIONAL GOLF MANAGEMENT & PHYSICIAN ASSISTANT PROGRAMS. THE UNIVERSITY IS A FULLY-ACCREDITED MEMBER OF THE SOUTHERN ASSOCIATION OF COLLEGES & SCHOOLS. 11404072 13917723 AUXILIARY SERVICES: THE UNIVERSITY'S AUXILIARY ENTERPRISES, INCLUDING RESIDENCE HALLS, DINING FACILITIES, A BOOKSTORE, & GOLF COURSE, SERVE TO PROVIDE A SUPPORT SYSTEM TO THE STUDENTS. 76445607 1 1 0 1 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 1 0 0 1 139 0 1 1672 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X 38 36 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X DAWN AUSBORN 9106307610 5400 RAMSEY STREET FAYETTEVILLE NC 283111420 DR RICHARD R ALLEN SR TRUSTEE 0.00 X 0 0 0 MR KEITH ALLISON TRUSTEE 0.00 X 0 0 0 DR MARY LYNN BRYAN CHAIR OF THE BOARD 0.00 X X 0 0 0 MR A HOWARD BULLARD JR SECRETARY 0.00 X X 0 0 0 MRS JENNIFER CLEVELAND ELAM TRUSTEE 0.00 X 0 0 0 DR LOLETA WOOD FOSTER TRUSTEE 0.00 X 0 0 0 MR JOHN W BROWN TRUSTEE 0.00 X 0 0 0 MR PETER M BROOME TRUSTEE 0.00 X 0 0 0 MR LESLIE A GRIFFIN TRUSTEE 0.00 X 0 0 0 GENRET JOHN W HANDY TRUSTEE 0.00 X 0 0 0 MRS BETTY UPCHURCH HASTY TRUSTEE 0.00 X 0 0 0 MR J DANIEL HIGHSMITH SR TRUSTEE 0.00 X 0 0 0 MR LOUIS COX TRUSTEE 0.00 X 0 0 0 MS MARGARET HIGHSMITH DICKSON TRUSTEE 0.00 X 0 0 0 DR RAKESH GUPTA TRUSTEE 0.00 X 0 0 0 MR JAMES J TOWNSEND TRUSTEE 0.00 X 0 0 0 MR EARL D LEAKE TRUSTEE 0.00 X 0 0 0 MR O RAY MANNING JR TRUSTEE 0.00 X 0 0 0 MR JOHN HEALY VICE CHAIR OF THE BOARD 0.00 X X 0 0 0 MR CHARLES B HOLMES TRUSTEE 0.00 X 0 0 0 MR RON B MATTHEWS TRUSTEE 0.00 X 0 0 0 MR GEORGE W MILLER JR TRUSTEE 0.00 X 0 0 0 DR HW MILLER IV TRUSTEE 0.00 X 0 0 0 MRS LINDA B HUFF TRUSTEE 0.00 X 0 0 0 MR H TERRY HUTCHENS TRUSTEE 0.00 X 0 0 0 MR W SCOTT WEATHINGTON TRUSTEE 0.00 X 0 0 0 MR EDWARD T KEIL TRUSTEE 0.00 X 0 0 0 MR R WILLIFORD MCCAULEY TRUSTEE 0.00 X 0 0 0 MR WILLIAM O MUSGRAVE TRUSTEE 0.00 X 0 0 0 MR TIMOTHY S RICHARDSON TRUSTEE 0.00 X 0 0 0 DR WILLIAM SCHAEFER TREASURER 0.00 X X 0 0 0 MR ELTON STANLEY TRUSTEE 0.00 X 0 0 0 MR WILLIAM R WEST SR TRUSTEE 0.00 X 0 0 0 DR JASON A WILLIAMS TRUSTEE 0.00 X 0 0 0 DR HARVEY T WRIGHT II TRUSTEE 0.00 X 0 0 0 MR LAWRENCE H WALSH TRUSTEE 0.00 X 0 0 0 MR JOHN W WYATT III TRUSTEE 0.00 X 0 0 0 REV GILLIAM P WISE TRUSTEE 0.00 X 0 0 0 DR BEN E HANCOCK JR PRESIDENT 40.00 X 356934 0 43902 DR GENE T CLAYTON ASST TO PRESIDENT 40.00 X 68780 0 4327 MRS SANDRA AMMONS VP INSTITUTIONAL ADVANCEME 40.00 X 98675 0 11975 MS BETH CARTER ASSOC VP ACADEMIC AFFAIRS 40.00 X 92748 0 5563 DR DONALD LASSITER VP PLANNING & EVALUATION 40.00 X 102591 0 11998 MR WILLIAM WALKER VP STUDENT DEVELOPMENT 40.00 X 93081 0 11619 MR RICK LOWE VP ENROLLMENT 40.00 X 103078 0 12030 DR DELMAS CRISP EXEC VP & ACADEMIC DEAN 40.00 X 167188 0 16614 MR ROBERT MCEVOY VP ATHLETICS 40.00 X 88720 0 11214 MRS DAWN AUSBORN VP BUS AFFAIRS 40.00 X 134935 0 14163 REV KELLI TAYLOR VP COMMUNITY ENGAGEMENT 40.00 X 87183 0 11682 MRS SHEILA KINSEY VP PLANNING & ADMINISTRATION 40.00 X 128688 0 14770 MS LORI CORNWELL ASSOC VP ACADEMIC AFFAIRS 40.00 X 96245 0 11662 MR TAT CHAN PROFESSOR 40.00 X 113365 0 7264 DR LARRY GOINS PROFESSOR 40.00 X 140689 0 14193 MRTODD TELEMECO PROFESSOR 40.00 X 139255 0 11084 MS CHRISTINA BEARD PROFESSOR 40.00 X 103027 0 12543 MRS KIMBERLY SCRUTON PROFESSOR 40.00 X 124116 0 13265 DR PAMELA STRICKLAND PROFESSOR 40.00 X 102840 0 6088 DR NARENDRA SINGH PROFESSOR 40.00 X 106033 0 12810 2448171 0 258766 13 0 1 0 ARAMARK EDUCATIONAL SVCS LLC 5400 RAMSEY STREET FAYETTEVILLE NC 28311 FOOD SERVICE 3250756 M&E CONTRACTING INC 1032 71ST SCHOOL ROAD FAYETTEVILLE NC 28314 CONSTRUCTION 2681859 SFLA ARCHITECTS 110 ANDERSON STREET FAYETTEVILLE NC 28301 ARCHITECTS 250088 ALERTUS TECHNOLOGIES LLC 11720 BELTSVILLE DR 9TH FLOOR BELTSVILLE MD 20705 SECURITY 159168 SYSTEL BUSINESS EQUIPMENT INC 2604 FORT BRAGG ROAD FAYETTEVILLE NC 28303 BUSINESS EQUIPMENT 153551 5 35890 604201 5275276 314351 5915367 TUITION AND FEES 611310 65619063 65619063 DORM REVENUES 611310 7860644 7860644 BOARD REVENUES 611310 4468489 4468489 GOLF COURSE REVENUES 713910 24749 24749 2589777 2589777 80562722 665267 665267 19449497 23670 18739963 27393 709534 -3723 705811 -3723 709534 13009 35890 37893 -24884 -24884 87824283 80534250 24749 1349917 28720377 28720377 2446851 1659619 688557 98675 24891168 22204298 2426357 260513 1318918 1131265 166848 20805 3493386 2952051 504419 36916 1910710 1670193 205604 34913 150425 150425 65375 65375 44205 44205 762938 576805 180127 6006 341161 110081 219931 11149 505356 443679 -25544 87221 636789 221044 375667 40078 4359787 4183226 161798 14763 1424225 1196650 186541 41034 115857 88550 26125 1182 39547 32354 7066 127 4034721 3780135 248126 6460 783467 447943 325329 10195 FOOD SERVICES CONTRACT 2392530 2392530 SUPPLIES 1417093 1218434 186921 11738 EQUIPMENT RENT & REPAIR 1406929 1021850 382205 2874 BOOKSTORE COST OF GOODS 1215922 1215922 1980595 1178601 786392 15602 84458332 76445607 7312474 700251 94348 37928 10001982 9091758 3583435 3053779 1576018 2270148 189054 10622 301789 694334 1040971 124047444 46602429 76150032 77445015 19012028 22032450 921127 757047 1364312 1226701 167158 212989 114055617 117179408 1942473 2540335 1304903 1358946 37395537 35851985 206788 164378 829614 890231 2447839 1768303 44127154 42574178 X 49909928 55400030 7985492 6394150 12033043 12811050 69928463 74605230 114055617 117179408 X 3365951 681221 629595 X 0 1 X 1 1 1 X 4237645 12921051 5735159 5532730 5915367 34341952 4237645 12921051 5735159 5532730 5915367 34341952 17650864 16691088 598469 833240 1111875 1144548 665267 4353399 696870 492730 132953 92589 24749 1439891 40135242 357013917 0.41590 0.42900 X PART I, LINE 7 THE ORGANIZATION IS NOT A PRIVATE FOUNDATION BECAUSE IT IS A SCHOOL DESCRIBED IN SECTION 170(B)(1)(A)(II). THE ORGANIZATION ALSO QUALIFIES AS A PUBLIC CHARITY UNDER SECTION 170(B)(1)(A)(VI) AND HAS COMPLETED PART II SHOWING THAT IT MEETS THE 33 1/3% SUPPORT TEST. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 0 0 1 44205 44205 0 PART II-B, LINE 1: THE UNIVERSITY PAID MEMBERSHIP DUES OF $44,205 TO NORTH CAROLINA INDEPENDENT COLLEGES & UNIVERSITIES (NCICU), A STATEWIDE ORGANIZATION COMPRISED OF INDEPENDENT COLLEGES ACCREDITED BY SOUTHERN ASSOCIATION OF COLLEGES & SCHOOLS, WHICH REPRESENTS HIGHER EDUCATION IN STATE & FEDERAL POLICY. 40800 164614 X X 0 0 1 X 24095049 4237940 2137848 452000 2226085 97884 27694868 23767250 2230530 202315 384605 1632332 88109 24095049 25710732 2373044 370027 391655 4223063 81121 23757964 21855437 3667793 2463015 534266 1669275 71972 25710732 18758817 3165551 2267098 505447 1740427 90155 21855437 0.45000 0.46000 0.09000 0 0 108500 1682504 1791004 88929351 29249450 59679901 7980 7980 0 17809190 12899825 4909365 15509919 4445174 11064745 77445015 FEDERAL PORTION PERKINS LOANS DUE 345835 INTEREST RATE SWAP LIABILITY 950568 STUDENT DORM DEPOSITS 193160 ANNUITY LIABILITY 86630 STUDENT ENROLLMENT DEPOSITS 192110 1768303 X 60466207 681221 -28077190 -27395969 87862176 -37893 -37893 87824283 55789440 37893 37893 55751547 28706785 28706785 84458332 PART IV, LINE 2B: BANK ACCOUNTS FOR STUDENT CLUBS & OTHER AFFILIATED GROUPS PART X, LINE 2: PART X, LINE 2: FASB ASC 740, INCOME TAXES PROVIDES GUIDANCE FOR HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, PRESENTED, AND DISCLOSED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE GUIDANCE REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE UNIVERSITY'S TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS WOULD MORE LIKELY THAN NOT BE SUSTAINED BY THE APPLICABLE TAX AUTHORITY UPON EXAMINATION. THE UNIVERSITY BELIEVES THAT IT HAS SUFFICIENT JUSTIFICATION FOR ANY TAX POSITONS TAKEN, INCLUDING ALLOCATION OF EXPENSE TO ITS UNRELATED BUSINESS INCOME, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX PROVISIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPONSORED SCHOLARSHIPS <$28,720,377> UNREALIZED GAIN ON INTEREST RATE SWAP $643,187 PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES <$37,893> PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES $37,893 PART XII, LINE 4B - OTHER ADJUSTMENTS: BOOK/TAX DEPRECIATION ADJUSTMENT <$13,592> SPONSORED SCHOLARSHIPS $28,720,377 PART III, LINE 4 & PART V, LINE 4 PART III, LINE 4 - THE UNIVERSITY MAINTAINS A FEW HISTORICAL COLLECTIONS WITHIN ITS LIBRARY, INCLUDING DRAWINGS, LETTERS, MONOGRAPHS, BOOKS & RECORDS. PART V, LINE 4 - THE INTENDED USES OF THE UNIVERSITY'S ENDOWMENT FUNDS ARE TO PROVIDE SCHOLARSHIPS TO STUDENTS, AND CASH RESERVES TO THE UNIVERSITY. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 METHODIST UNIVERSITY PUBLICIZES ITS RACIALLY NON-DISCRIMINATORY POLICY IN ITS ANNUAL ACADEMIC CATALOG, ON ITS WEBSITE, AND IN ALL ADVERTISEMENTS & SOLICITATIONS SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES FEDERAL AND STATE AID FOR STUDENT FINANCIAL AID AWARDS, AND FUNDS FOR THE CONSTRUCTION OF FACILITIES AND PURCHASE OF EQUIPMENT FOR THE UNIVERSITY'S EDUCATIONAL PROGRAMS. EAST ASIA PROGRAM SERVICESPROGRAM SERVICES STUDY ABROAD $18,930RECRUITING $6,509 25439 CENTRAL AMERICA PROGRAM SERVICES STUDY ABROAD $57,077RECRUITING $6,000HUMANITARIAN $9,790 72867 EUROPE PROGRAM SERVICES STUDY ABROAD $45,050RECRUITING $17,206 62256 SOUTH AMERICA PROGRAM SERVICES STUDY ABROAD $400HUMANITARIAN $14,894 15294 NORTH AMERICA PROGRAM SERVICES STUDY ABROAD $417HUMANITARIAN $861 1278 SOUTH ASIA PROGRAM SERVICES RECRUITING $13,996STUDY ABROAD $1,500 15496 SUB-SAHARAN AFRICA PROGRAM SERVICES HUMANITARIAN $11,606 11606 MIDDLE EAST AND THE PACIFIC PROGRAM SERVICES RECRUITING $5,004 5004 RUSSIA AND NEIGHBORING STATES PROGRAM SERVICES RECRUITING $36 36 0 0 0 0 0 0 209240 36 209276 0 0 0 0 0 0 PART I, LINE 3: PART I COLUMN - ACCOUNTING METHOD: THE AMOUNTS REPORTED IN COLUMN F REPRESENT EXPENSES OF THE UNIVERSITY'S INTERNATIONAL RECRUITING DEPARTMENT. THE UNIVERSITY'S ACCOUNTING SYSTEM DOES NOT TRACK THESE EXPENSES BY REGION. THE TOTAL EXPENSES WERE DIVIDED UP AMONG THE REGIONS VISITED, BASED ON ESTIMATES OF REGIONAL COSTS TO TOTAL COSTS. GOLF TOURNAMENT 18859 12520 6339 4440 5766 GOLF TOURNAMENT 30040 23370 6670 13600 1320 5626 7141 48899 35890 13009 13600 1320 10066 12907 37893 -24884 1 TUITION ASSISTANCE 1851 28720377 FMV PART I, LINE 2: PART I QUESTION 2 GRANTS TO RECIPIENTS IN THE U.S. INCLUDED TUITION ASSISTANCE APPLIED DIRECTLY TO STUDENTS' ACCOUNTS. X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 DR BEN E HANCOCK JR PRESIDENT 351691 0 0 0 5243 0 21379 0 22523 0 400836 0 0 0 DR DELMAS CRISP EXEC VP & ACADEMIC DEAN 165103 0 0 0 2085 0 10347 0 6267 0 183802 0 0 0 DR LARRY GOINS PROFESSOR 140689 0 0 0 0 0 8514 0 5679 0 154882 0 0 0 MRTODD TELEMECO PROFESSOR 139255 0 0 0 0 0 8695 0 2389 0 150339 0 0 0 PART I, LINE 1A THE UNIVERSITY MAINTAINS A RESIDENTIAL HOME ON CAMPUS WHERE THE PRESIDENT LIVES AS A CONDITION OF EMPLOYMENT. THE UNIVERSITY PAYS SOCIAL CLUB DUES OF $360 MONTHLY FOR THE PRESIDENT'S MEMBERSHIP IN HIGHLAND COUNTRY CLUB. THE UNIVERSITY PROVIDES PERSONAL SERVICES OF LIGHT HOUSEKEEPING, PERFORMED BY THE UNIVERSITY'S JANITORIAL STAFF AT THE RESIDENCE OF THE PRESIDENT. A NC CAPITAL FACILITIES FINANCE AGENCY 561592154 65819GHL5 2012-08-29 17613130 FUND VARIOUS CAPITAL PROJECTS 0 0 0 B NC CAPITAL FACILITIES FINANCE AGENCY 561592154 2014-10-23 22640000 REFUND SERIES 2005 BOND & FUND VARIOUS PROJECTS 0 0 0 A 17613130 1342500 9581476 349530 6339624 2013 1 0 1 1 B 22640000 17920000 220000 4500000 2016 1 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 0 0 1 0 0 0 0 0 B 0 0 0 0 1 1 BANK OF AMERICA & SUNTRUST 0 0 0 0 0 A 0 B 0 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: NC CAPITAL FACILITIES FINANCE AGENCY DATE THE REBATE COMPUTATION WAS PERFORMED: 07/29/2015 SYSTEL OFFICE AUTOMATION OWNED BY A TRUSTEE 148621 COPIER LEASES 0 X 11 265641 QUOTED STOCK PRICES X ARTS & COLLECTIBLES 3 40800 APPRAISALS X MUSIC EQUIPMENT 2 6150 APPRAISALS X CARPET 1 1760 APPRAISAL 0 1 1 PART I, LINE 32B: THE UNIVERSITY UTILIZES ITS BROKERAGE INVESTMENTS FIRMS TO RECEIVE & SELL GIFTS OF STOCK, AS RECEIVED FROM TIME TO TIME. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED JOINTLY BY MANAGEMENT & THE EXTERNAL AUDITORS. IT IS REVIEWED BY MANAGEMENT & THE AUDIT COMMITTEE WITH THE EXTERNAL AUDITORS DURING THE REVIEW OF THE AUDITED FINANCIAL STATEMENTS. THE AUDIT COMMITTEE RELAYS THE RESULTS OF THE REVIEW TO THE FULL BOARD AT THE NEXT BOARD MEETING, & A COPY OF FORM 990 IS MADE AVAILABLE TO THE FULL BOARD FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY ANNUALLY DISTRIBUTES ITS CONFLICT OF INTEREST POLICY & DISCLOSURE FORM TO ALL BOARD MEMBERS & EMPLOYEES WITH BUDGET AUTHORITY, FOR REVIEW OF THE POLICY & COMPLETION OF THE QUESTIONNAIRE. A DESIGNATED COMMITTEE REVIEWS THE DISCLOSURE FORMS FOR POSSIBLE CONFLICTS OF INTEREST. ANY FINDINGS ARE SUBMITTED TO THE UNIVERSITY'S AUDIT COMMITTEE FOR REVIEW. THE UNIVERSITY GENERALLY PROHIBITS TRANSACTIONS WITH CONFLICT OF INTEREST PARTIES. HOWEVER, THE AUDIT COMMITTEE HAS THE AUTHORITY TO APPROVE CERTAIN TRANSACTIONS IF IN THE BEST INTEREST OF THE UNIVERSITY. FORM 990, PART VI, SECTION B, LINE 15A THE UNIVERSITY'S PRESIDENTIAL SALARY COMMITTEE EVALUATES THE PRESIDENT'S SALARY ON AN ANNUAL BASIS UTILIZING COMPARABILITY DATA, INCLUDING SALARY & BENEFITS HISTORY FROM BOTH WITHIN THE UNIVERSITY & OTHER PRIVATE COLLEGES & UNIVERSITIES IN N.C. THE PRESIDENTIAL SALARY COMMITTEE RECOMMENDS A SALARY FOR THE PRESIDENT TO THE UNIVERSITY'S FULL BOARD OF TRUSTEES. THE BOARD HOLDS AN EXECUTIVE SESSION TO VOTE & APPROVE THE PRESIDENT'S SALARY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, & FINANCIAL STATEMENTS AVAILABLE ON THE UNIVERSITY'S WEBSITE. FORM 990, PART XI, LINE 9: BOOK/TAX DEPRECIATION ADJUSTMENT <$13,592> UNREALIZED GAIN ON INTEREST RATE SWAP $643,187 629,595. KING'S GRANT GOLF MANAGEMENT LLC 5400 RAMSEY STREET FAYETTEVILLE NC 28311 208176567 GOLF COURSE NC -135941 0 SINGLE MEMBER LLC WITH UNIVERSITY AS MEMBER METHODIST UNIVERSITY DEVELOPMENT CORPORATION 5400 RAMSEY STREET FAYETTEVILLE NC 28311 561972859 REAL ESTATE DEVELOPMENT NC REPORTS SEPARATELY ON FORM 1120 C 269577 1237276 1.00000 1 1 0 0 1 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 METHODIST UNIVERSITY DEVELOPMENT CORP A 30163 FMV CASH KING'S GRANT GOLF MANAGEMENT LLC D 93187 FMV CASH METHODIST UNIVERSITY DEVELOPMENT CORP J 151691 FMV CASH METHODIST UNIVERSITY DEVELOPMENT CORP K 186000 FMV CASH DE MINIMIS O 0 FMV CASH DE MINIMIS Q 0 FMV CASH