2017-02-10T12:47:42-06:00 2016-06-30 540504608 BROWN EDWARDS & COMPANY LLP 1715 PRATT DRIVE SUITE 2700 BLACKSBURG VA 24060 990 2015-07-01 550357021 DAVIS & ELKINS COLLEGE DAVI 3046371250 100 CAMPUS DRIVE ELKINS WV 26241 GRETA J TROASTLE CHIEF FINANCIAL OFFICER 3046371250 2017-02-09 1 MARK WOOLWINE P00647446 5403542119 2017-02-09 2015 2021-01-29 14:40:06Z GRETA J TROASTLE 100 CAMPUS DRIVE ELKINS WV 26241 43635621 0 X WWW.DEWV.EDU X 1904 WV TO PREPARE AND INSPIRE STUDENTS FOR SUCCESS AND FOR THOUGHTFUL ENGAGEMENT IN THE WORLD. 24 22 783 4 83795 0 6513498 17545331 26472512 25707164 1513466 889153 170550 -560755 34670026 43580893 9302109 10398425 0 0 13352441 12450641 0 0 755941 8929866 8337367 31584416 31186433 3085610 12394460 68949554 74690836 12321006 7576175 56628548 67114661 TO PREPARE AND INSPIRE STUDENTS FOR SUCCESS AND FOR THOUGHTFUL ENGAGEMENT IN THE WORLD. 0 0 27218146 10398425 25317895 EDUCATION - PROVIDE HIGHER EDUCATION TO STUDENTS. 27218146 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 1 262 0 1 783 1 1 1 0 0 0 0 1 1 0 0 0 0 X 24 22 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X GT BUCK SMITH 3046371243 100 CAMPUS DRIVE ELKINS WV 262413996 DR G T BUCK SMITH PRESIDENT 37.50 X X 4500 0 9916 MR WILLIAM W NUTTALL SECRETARY 1.00 X 0 0 0 MRREGINALD OWENS SR TREASURER 1.00 X 0 0 0 MR CHARLES E HILL TRUSTEE 1.00 X 0 0 0 MR HENRY M MOORE CHAIR EMERITUS 1.00 X 0 0 0 MRDONALD M ROBBINS TRUSTEE 1.00 X 0 0 0 MR PAUL S STIRRUP CHAIR EMERITUS 1.00 X 0 0 0 MR L NEWTON THOMAS JR CHAIR EMERITUS 1.00 X 0 0 0 MR LEONARD J TIMMS JR CHAIR EMERITUS 1.00 X 0 0 0 MR ERIC J NILSEN TRUSTEE 1.00 X 0 0 0 MR PETER H DOUGHERTY TRUSTEE 1.00 X 0 0 0 MS NANCY EVANS-BENNETT TRUSTEE 1.00 X 0 0 0 MR WILLIAM S MOYER TRUSTEE 1.00 X 0 0 0 DAVID A FARIS MD TRUSTEE 1.00 X 0 0 0 MRWILLIAM H SUDBRINK TRUSTEE 1.00 X 0 0 0 MS JUNE B MYLES CHAIR OF THE BOARD 1.00 X 0 0 0 MR RICHARD C SEYBOLT VICE CHAIR 1.00 X 0 0 0 MR D DRAKE DOWLER TRUSTEE 1.00 X 0 0 0 MR ROBERT T GREGORY TRUSTEE 1.00 X 0 0 0 MR BRUCE LEE KENNEDY II TRUSTEE 1.00 X 0 0 0 MR JAMES S MCDONNELL III TRUSTEE 1.00 X 0 0 0 MR WENDELL M CRAMER TRUSTEE 1.00 X 0 0 0 MR MARK S BARBER TRUSTEE 1.00 X 0 0 0 MR DAVID H MORRISON TRUSTEE 1.00 X 0 0 0 SCOTT D GODDARD VICE PRESIDENT FOR STUDENT AFFARIS 37.50 X 79000 0 27228 GRETA J TROASTLE VICE PRESIDENT FOR BUSINESS AND FINANCE 37.50 X 80000 0 9584 CAROL SCHULER VICE PRESIDENT FOR DEVELOPMENT 37.50 X 80000 0 9584 SANDRA NEEL VICE PRESIDENT FOR ENROLLMENT MANAGEMENT 37.50 X 69717 0 3620 JOSEPH ROIDT VICE PRESIDENT FOR ACADEMIC AFFAIRS 37.50 X 90000 0 30172 DR MICHAEL MIHALYO FORMER PRESIDENT 37.50 X 115275 0 10225 518492 0 100329 1 1 0 0 US FOOD SERVICE PO BOX 643790 PITTSBURGH PA 15264 MEAL SERVICES/FOOD EXPENSES 650718 CAPITAL EDUCATION 200 SOUTH WACKER DRIVE CHICAGO IL 60606 ONLINE PROGRAM ADMINISTRATION 358800 PIONEER ROOFING SYSTEMS 7211-C TELEGRAPH SQUARE DRIVE LORTON VA 22079 CONSTRUCTION SERVICES 184305 INDEPENDENT COLLEGE ENTERPRISE 2300 MACCORKLE AVENUE SE CHARLESTON WV 25304 ACCOUNTING PROGRAM 179086 DIAMOND COACH CORPORATION PO BOX 489 OSWEGO KS 67356 TRANSPORTATION SERVICES 130872 8 95050 1486767 15963514 588292 17545331 TUITION AND FEES 611310 20127171 20127171 AUXILIARY ENTERPRISE REVENUE 611710 5579993 5496198 83795 25707164 680251 680251 208742 160 0 0 208742 160 208902 160 208742 8349 95050 54728 -46379 -46379 OTHER INCOME 900099 -514376 -514376 -514376 43580893 25109153 83795 842614 10398425 10398425 796509 314595 288570 193344 8710043 7245571 1206171 258301 421644 350750 52277 18617 1898944 1579663 298367 20914 623501 518668 66759 38074 150364 150364 84876 70605 14271 1510762 1256749 223264 30749 972818 809252 153018 10548 731186 608247 67514 55425 11188 9307 1670 211 1852727 1541217 276578 34932 CONTRACT SERVICES 1793311 1491791 278649 22871 MISCELLANEOUS 508321 422855 48425 37041 EQUIPMENT RENTAL AND MA 463655 385698 67578 10379 PRINTING & PUBLICATIONS 122579 101969 8449 12161 135580 112784 10422 12374 31186433 27218146 3212346 755941 994779 770806 4702221 9806327 1968137 1852593 583231 480338 69718 73221 64339715 39142134 25584725 25197581 22233149 24669912 2056981 5437215 10756613 6402843 68949554 74690836 1784216 1704511 1120809 1158603 217481 171177 9198500 4541884 12321006 7576175 X 20359878 26445106 10976622 14821533 25292048 25848022 56628548 67114661 68949554 74690836 X 12394460 -1959923 51576 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 615976 X X 0 36252662 3284129 -1215860 319725 568643 425265 37007298 32545922 3295235 1037843 249574 467515 -90751 36252662 28287654 1395874 3417912 202055 382711 -29248 32545922 27525856 540126 2758215 176758 323925 2035860 28287654 27230431 386481 363036 151620 209976 309835 27525856 0.16570 0.69560 0.13870 1 0 1186994 1186994 49013899 29424162 19589737 9427790 8130786 1297004 4711032 1587186 3123846 25197581 MONEY MARKET FUNDS 5437215 F 5437215 FUNDS HELD IN TRUST BY OTHERS 2701644 DUE FROM OPERATING FUNDS 3701199 6402843 OBLIGATIONS UNDER SPLIT INTEREST AGREEMENTS 140012 RESTRICTED DEPOSITS HELD BY TRUSTEE 700673 DUE TO ENDOWMENT 3701199 4541884 X 31123757 -1959923 51576 -1908347 33032104 150364 10398425 10548789 43580893 20637644 0 20637644 150364 10398425 10548789 31186433 PART III, LINE 4: THE COLLEGE HAS RECEIVED A NUMBER OF WORKS OF ART, HISTORICAL TREASURES AND SIMILAR ITEMS AS GIFTS FROM DONORS. THESE ITEMS ARE HELD BY THE COLLEGE AS A COMPONENT OF ITS LAND, BUILDINGS AND EQUIPMENT AND USED FOR PUBLIC EXHIBITION AND PRESERVATION FOR FUTURE GENERATIONS. AMONG THE COLLEGE'S WORKS OF ART, HISTORICAL TREASURES AND SIMILAR ASSETS ARE COLLECTIONS CONSISTING OF THE FOLLOWING ITEMS: EARLY AMERICAN AND CIVIL WAR ERA PERSONAL MILITARY ANTIQUES SUCH AS POWDER HORNS, RIFLES, PISTOLS, SABORS, UNIFORM ITEMS, ETC. NATIVE AMERICAN RELICS, ARTIFACTS AND WEAPONRY EARLY AMERICAN AND NATIVE AMERICAN PEWTER PRESIDENT LINCOLN BOOKS AND MEMORABILIA WEST VIRGINIA STATE BOOKS AND MEMORABILIA PAINTINGS BY VARIOUS ARTISTS WEST VIRGINIA BLUE BOOKS COLLECTION ARTHUR FOSTER CYPRIOT BRONZE AGE CERAMIC COLLECTION SWEENEY COLLECTION OF CERAMIC ARTIFACTS DATING FROM ANCIENT EGYPTIAN DYNASTY TO THE MEXICAN MAYAN CULTURE PATTY LOMAN COLLECTION OF TRADITIONAL MUSICAL INSTRUMENTS ROMAN COIN COLLECTIONS STIENWAY PIANO'S THESE WORKS OF ART, HISTORICAL TREASURES AND SIMILAR ITEMS SERVE TO ENHANCE THE COLLEGE'S LIBERAL ARTS EMPHASIS. PART V, LINE 4: TO GENERATE INCOME THROUGH INVESTMENT OF CORPUS THAT PROVIDES FOR FINANCIAL AID REWARDS TO STUDENTS BASED ON DONOR STIPULATIONS AND ASSISTANCE FOR OTHER PROGRAMS AND FACILITY OPERATION AS DETERMINED BY THE COLLEGE'S ADMINISTRATION IN ADHERENCE TO RESTRICTIONS, IF ANY, PLACED BY THE DONOR. PART X, LINE 2: THE COLLEGE IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FEDERAL FORM 990S OF THE COLLEGE ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE SPLIT INTEREST 51,576. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 10,398,425. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS & GRANTS 10,398,425. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 DAVIS AND ELKINS COLLEGE IS COMMITTED TO ASSURING EQUAL OPPORTUNITY TO ALL PERSONS AND (AS REQUIRED BY TITLE IX OF THE EDUCATION AMENDMENT OF 1972, SECTION 504 OF THE ACT OF 1973 AND OTHER APPLICABLE STATUTES) DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, SEX, RELIGION, ANCESTRY, NATIONAL ORIGIN, AGE, SEXUAL ORIENTATION, OR HANDICAP IN ITS EDUCATIONAL PROGRAMS, ACTIVITIES, ADMISSIONS OR EMPLOYMENT PRACTICES. INQUIRIES CONCERNING TITLE IX AND/OR 504 COMPLIANCE SHOULD BE REFERRED TO THE COLLEGE TITLE IX COORDINATOR, DAVIS AND ELKINS COLLEGE, 100 CAMPUS DRIVE, ELKINS, WV 26241-3996, OR SECTION 504 COORDINATOR, DAVIS AND ELKINS COLLEGE, 100 CAMPUS DRIVE, ELKINS, WV 26241-3996. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES FEDERAL FINANCIAL AID IN THE FORM OF FEDERAL FAMILY EDUCATION LOANS, FEDERAL PERKINS LOANS, FEDERAL PELL GRANTS, FEDERAL SUPPLEMENTAL EDUCATION OPPORTUNITY GRANTS, FEDERAL WORK-STUDY, AND UPWARD BOUND GRANTS, MOST OF WHICH IS PASSED THROUGH TO STUDENTS. STUDENT FEDERAL AID GRANTS: FEDERAL WORK-STUDY PROGRAM $196,369; FSEOG $113,087; ACA PELL, FPERK, FSEOG, FWS $17,947 DIRECT FEDERAL PROGRAM GRANTS: TRIO - UPWARD BOUND RBT/P&P - US DEPARTMENT OF EDUCATION $628,538; TRIO - VETERANS UPWARD BOUND - US DEPARTMENT $328,579; TRIO - INDRECT COSTS $54,025 FEDERAL PASS-THROUGH GRANTS: NATIONAL FOUNDATION ON THE ARTS AND HUMANITIES - PROMOTION OF ARTS/CONSERVATION PROJECT $19,000; NATIONAL FOUNDATION ON THE ARTS AND HUMANITIES - STATE DEVELOPMENT GRANT PROGRAM $107,871; OTHER STATE FUNDED GRANTS $21,352; TOTAL GRANT MONIES $1,486,767 GOLF FUNDRAISER 103399 95050 8349 8718 18646 1 103399 95050 8349 8718 18646 27364 -19015 1 SCHOLARSHIPS AND DISCOUNTS 743 878244 9407094 AID SEOG 352 113087 GRANT PART I, LINE 2: GRANTS ARE MONITORED BY THE BUSINESS OFFICE AND OTHER VARIOUS AREAS. FINANCIAL AID GRANTS ARE MONITORED BY THE FINANCIAL AID OFFICE TO ENSURE COMPLIANCE WITH ELIGIBILITY, SELECTION, AND DISTRIBUTION. DOCUMENTATION IS MAINTAINED AND AUDITED ANNUALLY. OTHER DEPARTMENT GRANTS ARE MONITORED BY THE DEPARTMENT CHAIR AND THE BUSINESS OFFICE TO ENSURE THAT EXPENDITURES COMPLY WITH GRANT REQUIREMENTS AND ARE NOT DIVERTED FOR OTHER USES. X 1 1 X X 0 0 0 0 0 0 0 0 0 DR MICHAEL MIHALYO FORMER PRESIDENT 105231 0 0 0 10044 0 6000 0 4225 0 125500 0 0 0 PART I, LINE 1A THE COLLEGE PROVIDES THE PRESIDENT AND CHIEF OPERATING OFFICER WITH HOUSING AND A VEHICLE. RICHARD SEYBOLT TRUSTEE 130872 RICHARD SEYBOLD OWNS DIAMOND COACH CORPORATION FROM WHICH THE COLLEGE PURCHASED NEW SCHOOL BUSES. 0 X 17 575913 AVE HIGH/LOW AT TRANSFER X MISCELLANEOUS ITEMS 18 10493 DONOR VALUE X SUPPLIES 8 1886 DONOR VALUE 0 0 1 PART I, LINE 32B: REAL ESTATE IS CONTRACTED WITH REAL ESTATE AGENTS TO LIST FOR SALE AND HANDLE SALE CONTRACTS WITH PURCHASERS. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS SUBMITTED TO THE FINANCIAL OVERSIGHT COMMITTEE OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C ALL MEMBERS OF THE BOARD ARE EXPECTED TO AVOID CONFLICTS OF INTEREST RISING FROM THEIR PERSONAL AND BUSINESS AFFILIATIONS IN THEIR RESPONSIBILITY TO THE DAVIS & ELKINS COLLEGE BOARD. INDIVIDUALS WILL NOT BE CONSIDERED FOR BOARD MEMBERSHIP IF THERE IS AN OBVIOUS CONFLICT; HOWEVER, IF ISSUES ARISE DURING THE SERVICE OF A BOARD MEMBER, THE MEMBER SHALL RECUSE HIM OR HERSELF FROM ANY VOTE THAT WOULD REPRESENT A CONFLICT OF INTEREST. AT THE ANNUAL MEETING ALL BOARD MEMBERS ARE REQUESTED TO COMPLETE A CONFLICT OF INTEREST FORM. THIS SAME FORM IS FURNISHED TO ALL FACULTY AND SENIOR ADMINISTRATIVE PERSONNEL. UPON RECEIPT OF EXECUTED FORMS THE AUDIT COMMITTEE REVIEWS THE COMPLETED FORMS AND REPORTS THE RESULTS OF THIS REVIEW TO THE ENTIRE BOARD AT THE REGULAR MEETING OF THE BOARD IN OCTOBER. POSSIBLE REPORTED CONFLICTS ARE EXPLORED ON AN INDIVIDUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15A PRESIDENT'S COMPENSATION -HE OR SHE SHALL BE ELECTED BY THE BOARD, WITH COMPENSATION FIXED BY THE BOARD, AND SHALL HOLD OFFICE AT ITS WILL. THE ANNUAL BUDGET PROCESS, WHICH IS APPROVED BY THE BOARD AT ITS ANNUAL MEETING, THE JUNE MEETING, WOULD ESTABLISH THE COMPENSATION OF THE PRESIDENT FOR THE FUTURE FISCAL YEAR. FORM 990, PART VI, SECTION C, LINE 18 FORMS ARE AVAILABLE UPON REQUEST, NO FEE IS CHARGED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 51,576.