2017-01-16T07:45:02-06:00 2016-05-31 540504608 BROWN EDWARDS & COMPANY LLP 1715 PRATT DRIVE SUITE 2700 BLACKSBURG VA 24060 990 2015-06-01 560686603 NORTH CAROLINA WESLEYAN COLLEGE INC NORT 2529855100 3400 NORTH WESLEYAN BLVD ROCKY MOUNT NC 278048699 JASON EDWARDS VP OF FINANCE & ADMINISTRATION 2529855100 2017-01-13 1 MARK WOOLWINE P00647446 5404433606 2017-01-11 2015 2021-01-29 14:40:06Z JASON EDWARDS 3400 N WESLEYAN BLVD ROCKY MOUNT NC 278048677 59328839 0 X WWW.NCWC.EDU X 1956 NC TO PREPARE STUDENTS FOR PROFESSIONAL ADVANCEMENT, LIFE-LONG LEARNING, AND RESPONSIBLE PARTICIPATION IN THEIR COMMUNITIES. 24 24 849 0 212322 0 1875183 5071737 36387131 41224554 216582 -61873 213936 212322 38692832 46446740 12319533 14714846 0 0 14227676 15589115 0 0 618893 13675701 14788211 40222910 45092172 -1530078 1354568 50194587 50480649 15019724 14476660 35174863 36003989 NORTH CAROLINA WESLEYAN COLLEGE, A PRIVATE INSTITUTION AFFILIATED WITH THE UNITED METHODIST CHURCH, PREPARES STUDENTS FOR PROFESSIONAL ADVANCEMENT, LIFE-LONG LEARNING, AND RESPONSIBLE PARTICIPATION IN THEIR COMMUNITIES. 0 0 37633000 14714846 41224554 INSTRUCTIONAL SERVICES TO COLLEGE STUDENTS 307560 PUBLIC SERVICE - OPERATED THE DUNN CENTER FOR THE PERFORMING ARTS, OPEN TO THE COMMUNITY AND EASTERN NORTH CAROLINA 37940560 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 0 0 0 0 0 0 0 0 1 93 0 1 849 1 1 1 0 0 0 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X JASON EDWARDS 2529855100 3400 N WESLEYAN BLVD ROCKY MOUNT NC 278048699 MR F MARION BARNES TRUSTEE 5.00 X 0 0 0 MR PAUL A BAUER TRUSTEE 5.00 X 0 0 0 MR THOMAS A BETTS JR TRUSTEE 5.00 X 0 0 0 MR LEO L BISHOP TRUSTEE 5.00 X 0 0 0 MR LARRY H CHEWNING III TRUSTEE 5.00 X 0 0 0 DR DANIEL L CROCKER TRUSTEE 5.00 X 0 0 0 MR CHRISTOPHER S DAVIS TRUSTEE 5.00 X 0 0 0 HONORABLE ROBERT A EVANS TRUSTEE 5.00 X 0 0 0 MR JOHN J FEREBEE JR TRUSTEE 5.00 X 0 0 0 MR MICHAEL GOODMON TRUSTEE 5.00 X 0 0 0 MR W TED GOSSETT TRUSTEE 5.00 X 0 0 0 MR MICHAEL H HANCOCK VICE CHAIR 5.00 X 0 0 0 REVEREND RANDY INNES EX OFFICIO 5.00 X 0 0 0 MR WILL H LASSITER III CHAIR 5.00 X 0 0 0 MR HOWARD N LEE TRUSTEE 5.00 X 0 0 0 NANA A MAH'MOUD ESQ TRUSTEE 5.00 X 0 0 0 MR JOSEPH H NELSON TRUSTEE 5.00 X 0 0 0 MR LLOYD E NELSON TRUSTEE 5.00 X 0 0 0 MR DAVID OETTINGER JR TRUSTEE 5.00 X 0 0 0 MR MARVIN PITTMAN SECRETARY 5.00 X 0 0 0 DR WILLIAM B PITTMAN TRUSTEE 5.00 X 0 0 0 MR A DONALD STALLINGS TRUSTEE 5.00 X 0 0 0 MR ROGER G TAYLOR TRUSTEE 5.00 X 0 0 0 MR JOHN A TURNAGE TRUSTEE 5.00 X 0 0 0 MR DEWEY G CLARK PRESIDENT 40.00 X 221816 0 6760 MR JASON B EDWARDS VICE PRESIDENT - FINANCE 40.00 X 140974 0 23133 MR MICHAEL J PRATT VICE PRESIDENT - ADVANCEME 40.00 X 170281 0 404 MR MICHAEL B BROWN PROVOST & SR VP - ACADEMIC 40.00 X 155270 0 9426 MR JOHN M THOMPSON VICE PRESIDENT - ATHLETICS 40.00 X 95274 0 20098 MR EVAN D DUFF VICE PRESIDENT - PROFESSIO 40.00 X 142844 0 22157 MR JOHNNIE E NAYLOR VICE PRESIDENT - STUDENT A 40.00 X 129851 0 19330 MS JUDY B ROLLINS VICE PRESIDENT - ENROLLMEN 40.00 X 187087 0 14907 MR FRANKLIN E COATS ASSISTANT VICE PRESIDENT - 40.00 X 110349 0 21574 1353746 0 137789 8 0 1 0 SODEXO INC & AFFILIATES 3400 N WESLEYAN BLVD ROCKY MOUNT NC 27804 FOOD SERVICE AND MAINTENANCE 2776859 CALVIN DAVENPORT INC 3540 HUNTER HILL ROAD ROCKY MOUNT NC 27804 CONTRACTOR 367357 JENZABAR INC PO BOX 55018 BOSTON MA 02205 SOFTWARE MAINTENANCE 330029 HONEYWELL INTERNATIONAL INC 12490 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 FIRE ALARM UPGRADE 216181 CARNEY & COMPANY PO BOX 7398 ROCKY MOUNT NC 27804 CONSULTANTS 210924 11 471792 4599945 1741804 5071737 TUITION AND FEES 611310 34298530 34298530 AUXILIARY ENTERPRISES 611710 6053032 6053032 OTHER SOURCES 611710 872992 872992 41224554 274341 274341 144825 0 144825 144825 144825 12024665 521220 11990428 891671 34237 -370451 -336214 -336214 CENTER FOR THE PERFORMING ARTS - 711300 67497 67497 67497 46446740 41224554 212322 -61873 14714846 14714846 1215822 692353 352391 171078 11341096 9890144 1236791 214161 387694 352924 34770 1784042 1317584 466458 860461 682320 178141 95158 95158 72011 72011 436504 257029 107965 71510 323619 322619 1000 247690 160828 7180 79682 3371 3371 3445787 3192266 253521 718508 557550 159163 1795 447640 326777 120863 1586452 1247050 339402 285031 87328 197703 OTHER EXPENSES 2098149 1546335 480305 71509 FOOD SERVICES 1462165 1462165 LOSS FROM CONTRIBUTIONS 1083649 1083649 BAD DEBT EXPENSE 886612 886612 1595865 1130442 456265 9158 45092172 37940560 6532719 618893 40139 27057 2744104 4622255 3203860 1709747 1177125 1064936 1051824 496208 217715 267122 318115 360931 55228350 22549290 31127372 32679060 9489678 7792745 51500 550590 773155 909998 50194587 50480649 3486556 2617588 458282 358816 10261942 10367083 250000 600000 562944 533173 15019724 14476660 X 21373667 23283148 7462439 6332899 6338757 6387942 35174863 36003989 50194587 50480649 1354568 -525442 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 10950376 137568 -329723 473993 38198 10246030 11139174 -17344 270887 452909 -10568 10950376 10571976 166491 840719 429743 10269 11139174 9310651 188921 1637738 548588 16746 10571976 9990617 225949 -325600 587152 -6837 9310651 0.15160 0.62350 0.22490 1 0 191448 191448 34506057 7785781 26720276 14253112 10786193 3466919 6277733 3977316 2300417 32679060 U.S. GOVERNMENT FUNDS 457318 AGENCY FUNDS 75855 533173 X 30050792 -525442 -1083649 -1609091 31659883 72011 14714846 14786857 46446740 29221666 -1083649 -1083649 30305315 72011 14714846 14786857 45092172 PART III, LINE 4: NORTH CAROLINA WESLEYAN COLLEGE IS A LOCAL AND REGIONAL CENTER FOR THE PERFORMING, VISUAL, AND LITERARY ARTS. THE MIMS ART GALLERY, THE LYNCH COLLECTION, AND THE FOUR SISTERS GALLERY ARE LOCATED ON THE COLLEGE CAMPUS. THE BRASWELL MEMORIAL LIBRARY COLLECTION IS LOCATED IN THE ROCKY MOUNT PUBLIC LIBRARY. THE GALLERIES ARE OPEN TO THE PUBLIC AND EXHIBIT PROFESSIONAL ART FROM AROUND THE WORLD, AROUND THE STATE, AND FROM WITHIN OUR OWN EASTERN CAROLINA COMMUNITY. THE COLLEGE STRIVES FOR INCLUSION AND QUALITY AND TO SERVE A DIVERSE COMMUNITY. PART V, LINE 4: THE COLLEGE'S ENDOWMENT IS MADE UP PRIMARILY OF ENDOWED SCHOLARSHIPS, DESIGNATED ENDOWMENTS AND GENERAL ENDOWMENTS ESTABLISHED FOR GENERAL COLLEGE SUPPORT PURPOSES USING DONOR-RESTRICTED GIFTS. PART X, LINE 2: AS OF MAY 31, 2016 AND 2015, AND FOR THE YEARS THEN ENDED, THERE ARE NO MATERIAL UNRECOGNIZED/DERECOGNIZED TAX BENEFITS OR TAX PENALTIES OR INTEREST. WITH FEW EXCEPTIONS, THE COLLEGE IS NO LONGER SUBJECT TO U.S. FEDERAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2010 AND NORTH CAROLINA INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2007. THE COLLEGE IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE COLLEGE FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND NORTH CAROLINA. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON CONTRIBUTIONS RECEIVABLE -1,083,649. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCES 14,714,846. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON CONTRIBUTIONS RECEIVABLE -1,083,649. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCES 14,714,846. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE COLLEGE'S NON-DISCRIMINATION POLICY IS ON THE WEBSITE, IN ADMISSIONS' PRINTED MATERIALS, IN ADVERTISEMENTS FOR ADMISSIONS' OPEN HOUSES (NEWSPAPERS) AND IN ALL EMPLOYMENT ADVERTISING. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVED FEDERAL AND STATE GRANTS IN THE AMOUNT OF $471,792. 1 ENDOWED SCHOLARSHIPS 342 655391 FMV N/A SEOG 66 89950 FMV N/A GENERAL SCHOLARSHIPS 1267 13969505 FMV N/A PART I, LINE 2: GRANTS ARE MONITORED BY VARIOUS AREAS. FINANCIAL AID GRANTS ARE MONITORED BY THE FINANCIAL AID DIRECTOR TO ENSURE COMPLIANCE WITH ELIGIBILITY, SELECTION, AND DISTRIBUTION. DOCUMENTATION IS MAINTAINED AND AUDITED ANNUALLY. OTHER DEPARTMENT GRANTS ARE MONITORED BY THE RESPONSIBLE PARTY TO ENSURE THAT EXPENDITURES COMPLY WITH GRANT REQUIREMENTS AND ARE NOT DIVERTED FOR OTHER USES. THE NC BUDGET OFFICE REQUIRES PERIODIC REPORTING FOR ALL GRANTS. THE REPORTING IS COMPLETED BY THE RESPONSIBLE DEPARTMENT AND THEN ENTERED INTO THE STATE WEBSITE BY THE CONTROLLER ANNUALLY. X X 1 1 X X X 0 0 0 0 0 0 0 0 0 MR DEWEY G CLARK PRESIDENT 205000 0 0 0 16816 0 6150 0 610 0 228576 0 0 0 MR JASON B EDWARDS VICE PRESIDENT - FINANCE 135928 0 0 0 5046 0 8156 0 14977 0 164107 0 0 0 MR MICHAEL J PRATT VICE PRESIDENT - ADVANCEME 165281 0 0 0 5000 0 0 0 404 0 170685 0 0 0 MR MICHAEL B BROWN PROVOST & SR VP - ACADEMIC 150470 0 0 0 4800 0 9028 0 398 0 164696 0 0 0 MR EVAN D DUFF VICE PRESIDENT - PROFESSIO 119847 0 0 0 22997 0 7191 0 14966 0 165001 0 0 0 MS JUDY B ROLLINS VICE PRESIDENT - ENROLLMEN 171220 0 0 0 15867 0 0 0 14907 0 201994 0 0 0 PART I, LINE 1A THE COLLEGE PROVIDES A RESIDENCE AND PAYS COMPENSATION TO THE PRESIDENT OF THE COLLEGE. THE RESIDENCE IS ON CAMPUS AND THE PRESIDENT IS REQUIRED TO LIVE AT THE RESIDENCE. PAUL BAUER TRUSTEE 5840 THE COLLEGE PURCHASES INSURANCE THROUGH THE ORGANIZATION FOR WHICH THE TRUSTEE IS VICE PRESIDENT. 0 ROGER G TAYLOR TRUSTEE 77320 THE COLLEGE PURCHASES INSURANCE THROUGH THE TRUSTEE WHO IS AN INSURANCE AGENT. 0 X 360 DONOR VALUE X 11 290550 NYSE VALUE-TRANSFER DATE X 1 1276815 APPRAISAL X BASEBALL FIELDHOUSE 2 143996 APPRAISAL X MISCELLANEOUS 29 16743 X BASEBALL BACKSTOP NET AND POSTS 1 13340 DONOR VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 BEFORE THE 990 IS FILED IT IS POSTED ON THE SECURE TRUSTEE WEBSITE AND THE TRUSTEES ARE NOTIFIED OF ITS AVAILABILITY FOR THEIR REVIEW. IN THE NOTIFICATION, A PROCESS WILL BE DESCRIBED FOR TRUSTEES TO ASK QUESTIONS, MAKE COMMENTS, ETC. FOR EXAMPLE, THE NOTIFICATION MIGHT SAY THAT QUESTIONS AND COMMENTS SHOULD GO TO THE VICE PRESIDENT OF FINANCE AND THE CHAIR OF THE AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C THE COLLEGE WILL MONITOR THE POLICY FOR ANNUAL DISCLOSURE AND INVESTIGATE NON-REPORTING. THE COLLEGE WILL ALSO PERIODICALLY AUDIT SELECTED SELF-DISCLOSURES. PARTIES CAN REPORT VIOLATIONS THROUGH THE WHISTLE BLOWER POLICY MECHANISM. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE REVIEWS AND RECOMMENDS THE PRESIDENT'S SALARY BASED UPON ANNUAL GOAL SETTING AND PERFORMANCE EVALUATION, AS SET FORTH IN THE BY-LAWS, AND COMPARABLE SALARIES. THE FULL BOARD APPROVES THE COMPENSATION PACKAGE. FORM 990, PART VI, SECTION C, LINE 19 REQUESTS MADE IN PERSON WILL BE HONORED WITHIN FIVE BUSINESS DAYS. REQUESTS IN WRITING WILL BE MADE AVAILABLE WITHIN THIRTY DAYS. THE COLLEGE MAY CHOOSE TO APPLY PROCESSING CHARGES AND/OR MAILING FEES IF THE REQUESTING PARTY DOES NOT WANT TO REVIEW THE DOCUMENTS ON SITE. FORM 990, PART XII, LINE 2C THE AUDIT COMMITTEE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.