2016-01-15T14:28:05-06:00 2015-05-31 540504608 BROWN EDWARDS & COMPANY LLP 1715 PRATT DRIVE SUITE 2700 BLACKSBURG VA 24060 990 2014-06-01 560686603 NORTH CAROLINA WESLEYAN COLLEGE INC NORT 2529855100 3400 NORTH WESLEYAN BLVD ROCKY MOUNT NC 278048699 JASON EDWARDS VP OF FINANCE & ADMINISTRATION 2529855100 2016-01-15 1 MARK WOOLWINE P00647446 5404433606 2014 2016-04-25 22:37:26Z JASON EDWARDS 3400 N WESLEYAN BLVD ROCKY MOUNT NC 278048677 50924028 0 X WWW.NCWC.EDU X 1956 NC TO PREPARE STUDENTS FOR PROFESSIONAL ADVANCEMENT, LIFE-LONG LEARNING, AND RESPONSIBLE PARTICIPATION IN THEIR COMMUNITIES. 24 24 829 0 213936 0 2369151 1875183 29648209 36387131 617858 216582 255636 213936 32890854 38692832 9231013 12319533 0 0 11944430 14227676 0 0 483243 11264385 13675701 32439828 40222910 451026 -1530078 48734201 50194587 12041172 15019724 36693029 35174863 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 34378459 12319533 36489726 INSTRUCTIONAL SERVICES TO COLLEGE STUDENTS 345979 PUBLIC SERVICE - OPERATED THE DUNN CENTER FOR THE PERFORMING ARTS, OPEN TO THE COMMUNITY AND EASTERN NORTH CAROLINA 34724438 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 66 0 1 829 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 LEO L BISHOP TRUSTEE 5.00 X 0 0 0 MRS JULIA CONGLETON-BRYANT 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 MICHAEL H HANCOCK VICE CHAIR 5.00 X 0 0 0 DR JOHN D HARTNESS TRUSTEE 5.00 X 0 0 0 REVEREND RANDY INNES TRUSTEE 5.00 X 0 0 0 MR WILLIAM H KINCHELOE TRUSTEE 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 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 144309 0 572 MR JASON B EDWARDS VICE PRESIDENT - FINANCE 40.00 X 127806 0 30081 MR MICHAEL J PRATT VICE PRESIDENT - ADVANCEME 40.00 X 166050 0 1422 MR MICHAEL B BROWN PROVOST & SR VP - ACADEMIC 40.00 X 150888 0 9163 MR JOHN M THOMPSON VICE PRESIDENT - ATHLETICS 40.00 X 84948 0 30125 MR EVAN D DUFF VICE PRESIDENT - PROFESSIONAL AND ADULT STUDIES 40.00 X 127909 0 28388 MR JOHNNIE E NAYLOR VICE PRESIDENT - STUDENT AFFAIRS 40.00 X 83368 0 12690 MS JUDY B ROLLINS VICE PRESIDENT - ENROLLMENT MANAGEMENT 40.00 X 120522 0 12711 MR FRANKLIN E COATS ASSISTANT VICE PRESIDENT - ADVANCEMENT 40.00 X 102988 0 28013 MR JAMES A GRAY III FORMER PRESIDENT 40.00 X 161379 0 25469 1270167 0 178634 8 1 1 0 SODEXO INC & AFFILIATES 3400 N WESLEYAN BLVD ROCKY MOUNT NC 27804 FOOD SERVICE AND MAINTENANCE 2841246 CALVIN DAVENPORT INC 3540 HUNTER HILL ROAD ROCKY MOUNT NC 27804 CONTRACTOR 1176234 DUKE REALTY LP 75 REMITTANCE DRIVE SUITE 3208 CHICAGO IL 606753205 RENT 495483 PEMBERTON INC 227 NE MAIN STREET ROCKY MOUNT VA 27801 CONTRACTOR 203723 FINTROX LLC 5995 CHAPEL HILL ROAD SUITE 119 RALEIGH NC 27607 LED LIGHTING SOLUTIONS 163147 14 200753 1674430 102936 1875183 TUITION AND FEES 611310 30157126 30157126 AUXILIARY ENTERPRISES 611710 5347766 5347766 OTHER SOURCES 611710 882239 882239 36387131 301007 301007 114329 0 114329 114329 114329 12146771 12032784 198412 113987 -198412 -84425 -198412 113987 CENTER FOR THE PERFORMING ARTS - 711300 99607 99607 99607 38692832 36188719 213936 414994 12319533 12319533 1271581 651137 453650 166794 10311086 9057727 1074716 178643 335629 307532 28097 1505571 1148119 357452 803809 594562 209247 104434 104434 97359 97359 426238 240355 185883 438617 433845 4772 273802 219308 19282 35212 31942 31942 4254485 3971304 283181 712706 576142 134408 2156 447106 326387 120719 1658674 1322072 336602 231214 91661 139553 OTHER EXPENSES 1715484 1108059 517799 89626 FOOD SERVICES 1272301 1272301 BAD DEBT EXPENSE 477025 477025 EQUIPMENT PURCHASE AND 474729 274841 199349 539 1059585 809553 239759 10273 40222910 34724438 5015229 483243 293645 40139 3018420 2744104 3829166 3203860 856117 1177125 1115410 1051824 144735 217715 337924 318115 52369937 21242565 29473660 31127372 8958807 9489678 39000 51500 667317 773155 48734201 50194587 2535849 3486556 363772 458282 2310000 6256166 10261942 250000 575385 562944 12041172 15019724 X 23106055 21373667 7239926 7462439 6347048 6338757 36693029 35174863 48734201 50194587 -1530078 11912 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 11139174 -17344 270887 452909 10568 10929240 10571976 166491 840719 429743 10269 11139174 9310651 188921 1637738 548588 16746 10571976 9990617 225949 -325600 587152 -6837 9310651 8885832 100840 1444180 473886 -33651 9990617 0.15990 0.57890 0.26120 1 0 191448 191448 31110074 7265720 23844354 13634960 10028446 3606514 7433455 3948399 3485056 31127372 U.S. GOVERNMENT FUNDS 495818 AGENCY FUNDS 67126 562944 X 26287852 11912 11912 26275940 97359 12319533 12416892 38692832 27806018 0 27806018 97359 12319533 12416892 40222910 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, 2015 AND 2014, 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 2009 AND NORTH CAROLINA INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2006. 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 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCES 12,319,533. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCES 12,319,533. 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 $200,753. 1 ENDOWED SCHOLARSHIPS 204 603844 FMV N/A SEOG 51 47674 FMV N/A GENERAL SCHOLARSHIPS 1160 11668015 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 JASON B EDWARDS VICE PRESIDENT - FINANCE 126936 0 0 0 870 0 5741 0 24340 0 157887 0 0 0 MR MICHAEL J PRATT VICE PRESIDENT - ADVANCEME 161050 0 0 0 5000 0 0 0 1422 0 167472 0 0 0 MR MICHAEL B BROWN PROVOST & SR VP - ACADEMIC 146088 0 0 0 4800 0 8765 0 398 0 160051 0 0 0 MR EVAN D DUFF VICE PRESIDENT - PROFESSIONAL AND AD 109136 0 6420 0 12353 0 6548 0 21840 0 156297 0 0 0 MR JAMES A GRAY III FORMER PRESIDENT 146563 0 0 0 14816 0 8794 0 16675 0 186848 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 6257 THE COLLEGE PURCHASES INSURANCE THROUGH THE ORGANIZATION FOR WHICH THE TRUSTEE IS VICE PRESIDENT. 0 ROGER G TAYLOR TRUSTEE 69234 THE COLLEGE PURCHASES INSURANCE THROUGH THE TRUSTEE WHO IS AN INSURANCE AGENT. 0 X 740 DONOR VALUE X 7 35032 NYSE VALUE-TRANSFER DATE X 1 12500 APPRAISAL X FURNISHINGS/OTHER FOR PRESIDENTIAL HOUSE RENOVATION 19 26732 DONOR VALUE X ATHLETIC SUPPLIES 24 11283 DONOR VALUE X SOFTWARE 1 9690 DONOR VALUE X MISCELLANEOUS 5 6047 DONOR VALUE X PRINTING 3 912 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.