2016-04-11T16:35:26-05:00 2015-06-30 540504608 BROWN EDWARDS & COMPANY LLP 1715 PRATT DRIVE SUITE 2700 BLACKSBURG VA 24060 990 2014-07-01 550357021 DAVIS & ELKINS COLLEGE DAVI 3046371250 100 CAMPUS DRIVE ELKINS WV 26241 GRETA J TROASTLE CHIEF FINANCIAL OFFICER 3046371250 2016-04-11 1 MARK WOOLWINE P00647446 5403542119 2014 2016-08-17 19:52:53Z GRETA J TROASTLE 100 CAMPUS DRIVE ELKINS WV 26241 34705248 0 X WWW.DEWV.EDU X 1904 WV TO PREPARE AND INSPIRE STUDENTS FOR SUCCESS AND FOR THOUGHTFUL ENGAGEMENT IN THE WORLD. 24 24 892 4 96201 -25608 5470106 6513498 27518184 26472512 1202344 1513466 134521 170550 34325155 34670026 9903771 9302109 0 0 14036250 13352441 0 0 1080887 7904678 8929866 31844699 31584416 2480456 3085610 66044253 68949554 12096019 12321006 53948234 56628548 TO PREPARE AND INSPIRE STUDENTS FOR SUCCESS AND FOR THOUGHTFUL ENGAGEMENT IN THE WORLD. 0 0 27092193 9302109 26556453 EDUCATION - PROVIDE HIGHER EDUCATION TO STUDENTS. 27092193 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 0 0 0 1 1 0 0 0 0 0 0 0 1 276 0 1 892 1 1 1 0 0 0 0 1 1 0 0 0 0 X 24 24 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X GT BUCK SMITH PRESIDENT 3046371243 100 CAMPUS DRIVE ELKINS WV 262413996 DR G T BUCK SMITH PRESIDENT EMERITUS 37.50 X X 88250 0 10599 DR MICHAEL MIHALYO PRESIDENT 37.50 X X 183220 0 14823 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 MRS CARTER GILTINAN TRUSTEE EMERITUS 1.00 X 0 0 0 MR CLIFF J NEESE JR TRUSTEE 1.00 X 0 0 0 THOMAS J MARTIN DDS TRUSTEE EMERITUS 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 JOSEPH M WELLS III TRUSTEE EMERITUS 1.00 X 0 0 0 MS JOYCE B ALLEN TRUSTEE 1.00 X 0 0 0 MR JAMES BIALEK TRUSTEE 1.00 X 0 0 0 MR ERIC J NILSEN TRUSTEE 1.00 X 0 0 0 KIMBERLY M FARRY MD 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 MR JOHN H HARLING TRUSTEE EMERITUS 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 DAVID A RUTHERFORD TRUSTEE EMERITUS 1.00 X 0 0 0 MS DOROTHY H WAMSLEY TRUSTEE EMERITUS 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 JOHN S MOYER TRUSTEE 1.00 X 0 0 0 SCOTT D GODDARD VICE PRESIDENT FOR STUDENT 37.50 X 76055 0 20867 GRETA J TROASTLE VICE PRESIDENT FOR BUSINES 37.50 X 64765 0 9567 CAROL SCHULER AVP/COMMUNICATIONS AND DEV 37.50 X 78522 0 9295 KEVIN WILSON EVP/CHIEF OPERATING OFFICE 37.50 X 131057 0 22890 JOSEPH ROIDT VICE PRESIDENT FOR ACADEMI 37.50 X 87058 0 22052 708927 0 110093 2 0 1 0 INDEPENDENT COLLEGE ENTERPRISE 2300 MACCORKLE AVENUE SE CHARLESTON WV 25304 ACCOUNTING PROGRAM 194583 BB AND T PO BOX 580340 CHAROLTTE NC 28258 FINANCIAL SERVCIES 145475 STEPTOE AND JOHNSON PO BOX 1732 CLARKSBURG WV 26302 LEGAL SERVICES 143386 DIRECT AXIS 2005 KINVARA DRIVE PITTSBURGH PA 15237 PRINTING 122688 JF ALLEN COMPANY US HWY 33 W RED ROCK ROAD BUCKHANNON WV 26201 PAVING 112856 7 55884 1483801 4973813 156153 6513498 TUITION AND FEES 611310 21188092 21188092 AUXILIARY ENTERPRISE REVENUE 611710 5284420 5188219 96201 26472512 489098 489098 1024368 0 1024368 1024368 1024368 25630 55884 35222 -9592 -9592 OTHER INCOME 900099 187457 187457 OTHER INVESTMENT INCOME 900099 -7315 -7315 180142 34670026 26556453 96201 1503874 9302109 9302109 912033 341376 245544 325113 8947311 7343613 1269787 333911 531642 436352 62899 32391 2312909 1898348 369424 45137 648546 532302 90803 25441 145064 119063 26001 111119 111119 94341 77432 16909 1671354 1371784 265783 33787 958352 786579 171773 797639 654672 56371 86596 9675 7941 209 1525 1852185 1520203 297279 34703 CONTRACT SERVICES 1734595 1423690 302983 7922 MISCELLANEOUS 663441 544526 26895 92020 EQUIPMENT RENTAL AND MA 574582 471595 96566 6421 PRINTING & PUBLICATIONS 150739 123721 -7437 34455 166780 136887 8428 21465 31584416 27092193 3411336 1080887 391843 994779 4484796 4702221 1715383 1968137 691222 583231 69919 69718 62892526 37307801 26789388 25584725 18794965 22233149 2204826 2056981 10901911 10756613 66044253 68949554 1572648 1784216 972931 1120809 85153 217481 9465287 9198500 12096019 12321006 X 21228078 20359878 10515924 10976622 22204232 25292048 53948234 56628548 66044253 68949554 X 3085610 -337120 -68176 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 483046 X X 0 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 25002396 437493 1723131 388749 1567 66718 27230431 0.12070 0.69470 0.18460 1 0 1186994 1186994 48889466 28112892 20776574 9223224 7791095 1432129 3592842 1403814 2189028 25584725 FUNDS HELD IN TRUST BY OTHERS 2430414 DUE FROM OPERATING FUNDS 8326199 10756613 OBLIGATIONS UNDER SPLIT INTEREST AGREEMENTS 148910 RESTRICTED DEPOSITS HELD BY TRUSTEE 723391 DUE TO ENDOWMENT 8326199 9198500 X 24851502 -337120 -68176 -405296 25256798 111119 9302109 9413228 34670026 22171188 0 22171188 111119 9302109 9413228 31584416 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 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 -68,176. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 9,302,109. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS & GRANTS 9,302,109. 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 $199,014; FSEOG $119,281; ACA PELL, FPERK, FSEOG, FWS $26,870 DIRECT FEDERAL PROGRAM GRANTS: TRIO - UPWARD BOUND RBT/P&P - US DEPARTMENT OF EDUCATION $647,345; TRIO - VETERANS UPWARD BOUND - US DEPARTMENT $331,669; TRIO - INDRECT COSTS $60,535 FEDERAL PASS-THROUGH GRANTS: USDA - US FOREST SERVICE RESEARCH PROJECT $6,567; WV HUMANITIES COUNCIL - SUMMER LECTURE SERIES $34,416 OTHER STATE FUNDED GRANTS $58,104; TOTAL GRANT MONIES $1,483,801 GOLF FUNDRAISER- HIGHLAND SCHOLARSH 64806 53659 11147 6314 7040 5381 10775 ARTS GALA - STUDENT SCHOLARSHIPS 7438 2225 5213 625 1600 300 2829 1 9270 9270 357 81514 55884 25630 6939 7040 6981 657 13604 35221 -9591 1 SCHOLARSHIPS AND DISCOUNTS 784 8480072 683949 AID SEOG 366 138088 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 PRESIDENT 163440 0 0 0 19780 0 8250 0 6573 0 198043 0 0 0 KEVIN WILSON EVP/CHIEF OPERATING OFFICE 116537 0 0 0 14520 0 10576 0 12314 0 153947 0 0 0 PART I, LINE 1A THE COLLEGE PROVIDES THE PRESIDENT AND CHIEF OPERATING OFFICER WITH HOUSING AND A VEHICLE. X 15 83034 AVE HIGH/LOW AT TRANSFER X 1 5000 FAIR MARKET VALUE X PIANO 1 35000 APPRAISAL X MISCELLANEOUS ITEMS 25 25175 DONOR VALUE X PIANO 1 4500 FAIR MARKET VALUE X SUPPLIES 19 3444 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 A, LINE 2 WILLIAM S. MOYER AND JOHN S. MOYER, FATHER AND SON RESPECTIVELY, SERVED ON THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS SUBMITTED TO THE AUDIT 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 -68,176.