2015-01-21T15:31:50-06:00 2014-06-30 273858252 DEAN DORTON ALLEN FORD PLLC 106 W VINE STREET SUITE 600 LEXINGTON KY 40507 990 2013-07-01 610444788 UNIVERSITY OF PIKEVILLE FKA PIKEVILLE COLLEGE INC UNIV 6062185250 147 SYCAMORE STREET PIKEVILLE KY 41501 JAMES L HURLEY PRESIDENT 6062185250 2015-01-13 1 LEIGH MCKEE P00169845 8592552341 2013 2016-02-25 16:41:14Z JAMES L HURLEY 147 SYCAMORE STREET PIKEVILLE KY 41501 52161782 0 X WWW.UPIKE.EDU X 1889 KY UNDERGRADUATE AND OSTEOPATHIC MEDICAL EDUCATION OF STUDENTS PRIMARILY FROM APPALACHIA. 38 37 813 37 0 0 4640895 4095872 39756354 44942630 823494 813879 1527527 2309401 46748270 52161782 10195091 11326600 0 0 16972853 18054347 0 0 572422 19690541 19050402 46858485 48431349 -110215 3730433 83692435 89438294 42829851 43544903 40862584 45893391 X LOCATED IN THE HEART OF CENTRAL APPALACHIA, THE UNIVERSITY OF PIKEVILLE WAS FOUNDED BY MISSIONARIES IN 1889 TO EDUCATE THE "YOUTH OF THE MOUNTAINS."WITH CONSECUTIVE RECORD ENROLLMENTS, THE UNIVERSITY, OR UPIKE, IS ONE OF THE FASTEST GROWING FOUR-YEAR INSTITUTIONS IN THE SOUTH. THE COLLEGE OF ARTS AND SCIENCES, THE COLEMAN COLLEGE OF BUSINESS AND THE KENTUCKY COLLEGE OF OSTEOPATHIC MEDICINE PROVIDE EDUCATIONAL OPPORTUNITIES TO MORE THAN 2,000 STUDENTS FROM 41 STATES AND 17 COUNTRIES. FORTY-SIX PERCENT OF OUR UNDERGRADUATE STUDENTS ARE THE FIRST IN THEIR FAMILIES TO ATTEND COLLEGE. ALMOST ALL RECEIVE SOME FORM OF FINANCIAL AID. OUR 125-YEAR HISTORY IS BUILT ON FAITH, A COMMITMENT TO STUDENT LEARNING AND SERVICE TO THE REGION. WE ARE AN OPPORTUNITY SCHOOL, PROVIDING A QUALITY, AFFORDABLE EDUCATION, MENTORING AND SUPPORT TO A DIVERSE COMMUNITY OF LEARNERS. AS A CAMPUS FAMILY, OUR MISSION HAS A SPECIAL SIGNIFICANCE. WE BELIEVE IN IT. WE LIVE IT. 0 0 24096282 11326600 39463956 INSTRUCTIONAL - INCLUDES ALL ACTIVITIES THAT ARE PART OF THE INSTITUTION'S PRIMARY MISSION.SINCE OUR FOUNDING, MORE THAN 13,000 UPIKE ALUMNI HAVE GONE ON TO BECOME LEADERS IN BUSINESS, EDUCATION, LAW, NURSING AND MANY OTHER FIELDS, INCLUDING MEDICINE.THE UNIVERSITY OF PIKEVILLE OFFERS AN OUTSTANDING LIBERAL-ARTS BASED EDUCATION WITH 26 BACHELOR DEGREE PROGRAMS, NINE PRE-PROFESSIONAL PROGRAMS AND THREE GRADUATE PROGRAMS, INCLUDING A MASTER OF BUSINESS ADMINISTRATION, A MASTER'S DEGREE IN SPORT MANAGEMENT AND A DOCTOR OF OSTEOPATHIC MEDICINE DEGREE (D.O.). STUDY ABROAD, EXPERIENTIAL AND SERVICE LEARNING AND ATHLETIC OPPORTUNITIES ARE CENTRAL TO THE UPIKE EXPERIENCE AND STUDENT SUCCESS.FROM OUR FACLUTLY AND STAFF - WHO ARE THE HEART OF THE INSTITUTION - TO OUR BOARD OF TRUSTEES, ALUMNI AND FRIENDS, WE STAND TOGETHER IN CHARTING THE COURSE AS THE LEADING UNIVERSITY OF CENTRAL APPALACHIA. 4694114 5272824 AUXILARY ENTERPRISES - FOOD SERVICE, STUDENT, BOOKSTORE, AND PUBLIC SERVICE. 9787617 2510216 STUDENT SERVICES AND ACADEMIC SUPPORT - INCLUDES FUNDS FOR OFFICES OF ADMISSIONS AND REGISTRAR WHOSE PRIMARY PURPOSE IS TO CONTRIBUTE TO THE STUDENT ENROLLMENT AND CLASS SCHEDULES. STUDENT SERVICES CONTRIBUTE TO THE EMOTIONAL AND PHYSICAL WELL-BEING OF THE STUDENTS. 38578013 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 100 0 1 813 1 0 0 0 0 0 0 0 0 0 0 X 38 37 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 KY X THE ORGANIZATION 6062185250 147 SYCAMORE STREET PIKEVILLE KY 41501 TERRY L DOTSON CHAIRMAN 10.00 X 0 0 0 WILLIAM J BAIRD III VICE CHAIRMAN 2.00 X 0 0 0 DANIEL P STRATTON SECRETARY 2.00 X 0 0 0 JAMES H BOOTH TRUSTEE 2.00 X 0 0 0 CLAYTON CLINE TRUSTEE 2.00 X 0 0 0 BALLARD W CASSADY JR TRUSTEE 2.00 X 0 0 0 JAMIE S BOWLING TRUSTEE 2.00 X 0 0 0 SARA WALTER COMBS TRUSTEE 2.00 X 0 0 0 LINDA SCOTT DEROSIER TRUSTEE 2.00 X 0 0 0 JERALD F COMBS OD TRUSTEE 2.00 X 0 0 0 JOHN DUVALL ELLIOTT TRUSTEE 2.00 X 0 0 0 DONALD F CECIL TRUSTEE 2.00 X 0 0 0 HE MIKE GARDNER JR TRUSTEE 2.00 X 0 0 0 GREGORY V HAZELETT DO TRUSTEE 2.00 X 0 0 0 HARDING E DAWAHARE TRUSTEE 2.00 X 0 0 0 ROBERT SCOTT MADDEN TRUSTEE 2.00 X 0 0 0 WILLIAM P MALONE TRUSTEE 2.00 X 0 0 0 TIMOTHY B MATTHEWS TRUSTEE 2.00 X 0 0 0 ROY PALK TRUSTEE 2.00 X 0 0 0 REED D POTTER JR TRUSTEE 2.00 X 0 0 0 WILLIAM N RAMSEY JR TRUSTEE 2.00 X 0 0 0 ROBERT B SPARKS TRUSTEE 2.00 X 0 0 0 RICHARD A STURGILL TRUSTEE 2.00 X 0 0 0 JEAN R HALE TRUSTEE 2.00 X 0 0 0 GEORGE THOMAS DO TRUSTEE 2.00 X 0 0 0 JOE E ELLIS OD TRUSTEE 2.00 X 0 0 0 RONALD G MCCOY OD TRUSTEE 2.00 X 0 0 0 RONNIE R HAMPTON TRUSTEE 2.00 X 0 0 0 BOB M HUTCHISON TRUSTEE 2.00 X 0 0 0 BILL A WEBB DO TRUSTEE 2.00 X 0 0 0 JED WEINBERG TRUSTEE 2.00 X 0 0 0 JODY JOHNSON DO TRUSTEE 2.00 X 0 0 0 SHANNON WRIGHT TRUSTEE 2.00 X 0 0 0 M LYNN PARRISH TRUSTEE 2.00 X 0 0 0 GREGORY WELLS TRUSTEE 2.00 X 0 0 0 GREGORY WILSON TRUSTEE 2.00 X 0 0 0 E BRUCE WALTERS II TRUSTEE 2.00 X 0 0 0 JAMES L HURLEY PRESIDENT 40.00 X X 136412 0 18448 PAUL E PATTON CHANCELLOR 40.00 X 127250 0 9275 ERIC BECHER VP FOR ADVANCEMENT 40.00 X 104030 0 10623 BOYD R BUSER VP FOR HEALTH AFFAIRS/DEAN KYCOM 40.00 X 331427 0 27310 RONALD D DAMRON VP STUDENT SERVICES 40.00 X 106028 0 11099 DOUGLAS LANGE VP FINANCE/BUSINESS AFFAIR 40.00 X 117614 0 12495 THOMAS R HESS VP ACADEMIC AFFAIRS 40.00 X 109731 0 11500 RANDY LITMAN ASSOC DEAN OF CLINICAL SCI 40.00 X 225552 0 19687 EDWARD STILES PROFESSOR OP & P 40.00 X 196816 0 18732 LAURA GRIFFIN ASSOCIATE PROFESSOR OP & P 40.00 X 211120 0 20953 PETER ZAJAC DIR OF CLINICAL SKILLS TRA 40.00 X 192154 0 17128 WILLIAM BETZ SR ASSOC DEAN OF OSTEOPATH 40.00 X 256344 0 21870 2114478 0 199120 21 0 1 0 ARAMARK MANAGEMENT SERVICES PO BOX 198532 ATLANTA GA 30384 FACILITIES MNGT & FOOD SERVICE 2584316 CODELL CONTRUCTION COMPANY PO BOX 17 WINCHESTER KY 40392 CONSTRUCTION 1828379 ELLUCIAN 4375 FAIR LAKES CT FAIRFAX VA 22033 TECHNOLOGY SOLUTIONS 367744 CREATIVE IMAGE TECHNOLOGY 211 BREIGHTON CIRCLE UNIT 8 SHELBYVILLE KY 40065 TECHNOLOGY SOLUTIONS 304599 STITES & HARBISON PLLC 250 WEST MAIN STREET SUITE 2300 LEXINGTON KY 405071758 LEGAL FEES 304023 11 1506566 2589306 46435 4095872 TUITION & FEES 611310 39463956 39463956 AUXILARY SERVICES 611310 5272824 5272824 FINES & OTHER CHARGES 611310 154998 154998 SALES & SERVICE 611310 50852 50852 44942630 813879 813879 5035 0 5035 5035 5035 MISCELLANEOUS 611310 2304366 2304366 2304366 52161782 47246996 0 818914 11326600 11326600 1177656 1177656 14298127 12845947 1140995 311185 727865 647149 62910 17806 789557 629473 150177 9907 1061142 870055 169324 21763 492219 492219 98940 98940 516927 499859 17068 162542 19729 142309 504 176145 66657 46965 62523 1930856 1593697 332048 5111 1331602 1130726 130699 70177 980210 980210 1497222 1410627 79990 6605 771909 378914 392995 CONTRACTED SERVICES 2660195 2527324 118471 14400 LEASE EXPENSE 2054494 233728 1820766 MATERIALS & SUPPLIES 1826437 1642394 158574 25469 FACILITIES MANAGEMENT 1490658 1404443 79639 6576 3060046 1350691 1688959 20396 48431349 38578013 9280914 572422 1569460 1578297 2982277 4601410 1361253 1435200 27505562 27505562 427868 113914 45913495 21110701 23713989 24802794 18244442 20777453 382098 355621 7505486 8268043 83692435 89438294 4377324 4246412 774019 1269849 33012599 33012599 2147908 2903248 2518001 2112795 42829851 43544903 X 21019698 24041588 8815941 9597072 11026945 12254731 40862584 45893391 83692435 89438294 X 3730433 634174 666200 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18380758 1003183 2422763 653232 98940 21054532 17624352 393972 1130165 716977 50754 18380758 17955987 1182961 -85230 1375871 53495 17624352 15493646 6103465 1660054 5271233 29945 17955987 14175981 3212668 1105166 2990631 9538 15493646 0.05220 0.57920 0.36860 1 0 1325609 1325609 38199603 18086087 20113516 3962519 1876105 2086414 2425764 1148509 1277255 24802794 BOND ISSUANCE COSTS 84088 ASSETS HELD IN TRUSTS BY OTHERS 8183955 8268043 ANNUITY LIABILITIES 17170 SHORT TERM NOTES PAYABLE 2250000 DUE FROM RELATED PARTIES -154375 2112795 X PART V, LINE 4: THE ENDOWMENT IS A POOL OF ASSETS THAT, AS DIRECTED BY RESTRICTIONS OF DONORS (PERMANENT ENDOWMENT) OR DECISIONS OF THE BOARD OF TRUSTEES (QUASI ENDOWMENT), IS TO BE HELD IN PERPETUITY FOR THE BENEFIT OF THE UNIVERSITY AND ITS ONGOING PROGRAMS. A KEY PART OF THE UNIVERSITY'S LONG-TERM FINANCIAL STRATEGY IS TO DEVELOP AND MAINTAIN A COMPETITIVE ADVANTAGE IN ITS CAPITAL BASE, IN PARTICULAR THE ENDOWMENT. THE BOARD STRIVES TO MEET THE CURRENT FINANCIAL NEEDS OF THE UNIVERSITY AND TO SUPPORT CURRENT OPERATIONS WITH THE LONG TERM GOAL OF DEVELOPING AND MAINTAINING A STRATEGIC ADVANTAGE COMPARED TO INSTITUTIONS WITH WHICH THE UNIVERSITY COMPETES FOR STUDENTS AND FACULTY. IN PARTICULAR, THE CONTINUED GROWTH OF THE ENDOWMENT IS THE UNIVERSITY'S STRONGEST COMPETITIVE ADVANTAGE TO FUND SCHOLARSHIPS AND FINANCIAL AID ESSENTIAL TO ATTRACT THE MOST TALENTED PROSPECTIVE STUDENTS. PART X, LINE 2: THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT FOR ANY UNRELATED BUSINESS INCOME ACTIVITIES. NO PROVISION FOR INCOME TAXES HAS BEEN MADE. GAAP REQUIRES THE UNIVERSITY TO EVALUATE ITS TAX POSITIONS AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF IT HAS TAKEN AN UNCERTAIN POSITION IN ANY OPEN TAX YEAR THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE UNIVERSITY HAS EVALUATED ITS TAX POSITIONS AND HAS CONCLUDED THAT THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE UNIVERSITY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE UNIVERSITY BELIEVES IT IS GENERALLY NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2011. 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 NONDISCRIMINATORY POLICY IS PRINTED IN THE UNIVERSITY HANDBOOK. EVERY STUDENT RECEIVES A COPY DURING REGISTRATION. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES NO DIRECT ASSISTANCE OR FINANCIAL AID FROM THE GOVERNMENT, HOWEVER THE UNIVERSITY DOES ACT AS A FIDUCIARY BETWEEN GOVERNMENT AGENCIES AND THE STUDENTS IT SERVES. ALL FINANCIAL AID RECEIVED BY THE UNIVERSITY IS ON BEHALF OF INDIVIDUAL STUDENTS. 1 INSTITUTIONAL SCHOLARSHIPS 2769 11326600 PART I, LINE 2: UNIVERSITY OF PIKEVILLE MONITORS THE USE OF GRANT FUNDS BY ENTERING EACH STUDENT AND THEIR INSTITUTIONAL SCHOLARSHIP ON THE UNIVERSITY'S ACCOUNTING SOFTWARE, DATATEL. SCHOLARSHIPS ARE GRANTED BASED ON CRITERIA SET FORTH BY THE UNIVERSITY ADMINISTRATION AND FINANCIAL AID OFFICE. X X X 0 0 0 0 0 0 0 0 0 JAMES L HURLEY PRESIDENT 136412 0 0 0 0 0 9549 0 8899 0 154860 0 0 0 BOYD R BUSER VP FOR HEALTH AFFAIRS/DEAN KYCOM 331427 0 0 0 0 0 17850 0 9460 0 358737 0 0 0 RANDY LITMAN ASSOC DEAN OF CLINICAL SCI 225552 0 0 0 0 0 15789 0 3898 0 245239 0 0 0 EDWARD STILES PROFESSOR OP & P 196816 0 0 0 0 0 10911 0 7821 0 215548 0 0 0 LAURA GRIFFIN ASSOCIATE PROFESSOR OP & P 211120 0 0 0 0 0 14778 0 6175 0 232073 0 0 0 PETER ZAJAC DIR OF CLINICAL SKILLS TRA 192154 0 0 0 0 0 13451 0 3677 0 209282 0 0 0 WILLIAM BETZ SR ASSOC DEAN OF OSTEOPATH 256344 0 0 0 0 0 17850 0 4020 0 278214 0 0 0 A CITY OF PIKEVILLE 721342AB9 2011-04-01 26985215 PIKEVILLE COLLEGE OF OSTEOPATHIC MEDICINE PROJECT 0 0 0 A 26985215 2014000 281167 24690048 2013 0 0 1 1 A 1 0 0 0 0.00000 0.00000 0.00000 1 0 1 A 0 0 0 0 0 0 0 0 0 A 0 X 2015 FMV X 24167 FMV X 1 2769 FMV X EQUIPMENT 3 6420 FMV X BASEBALL FIEL 11 4581 FMV X TRAVEL-FLIGHT 2 4017 COST X 2014 NURSING 1 1495 COST X GIFT CARDS 7 570 COST X OTHER 3 402 COST 0 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 ONCE COMPLETED, THE FORM 990 IS REVIEWED BY THE BUSINESS AFFARIS COMMITTEE WHICH THEN RECOMMENDS APPROVAL BY THE FULL BOARD. IF APPROVAL IS REQUIRED BETWEEN REGULARLY SCHEDULED BOARD MEETINGS, THE FORM 990 IS PROVIDED ELECTRONICALLY TO ALL MEMBERS WHO THEN ACKNOWLEDGE ACCEPTANCE BY RETURN EMAIL. FORM 990, PART VI, SECTION B, LINE 12C PRIOR TO CONSUMMATING A TRANSACTION OR ACTING UPON A MATTER INVOLVING THE POSSIBLE EXISTENCE OF A DUALITY OR CONFLICT OF INTEREST, THE INDIVIDUAL INVOLVED SHALL MAKE A FULL DISCLOSURE OF ALL RELEVANT FACTS. IN THE CASE OF THE PRESIDENT OF THE UNIVERSITY, SUCH DISCLOSURE WILL BE MADE TO THE CHAIRMAN OF THE BOARD OF TRUSTEES. DISCLOSURE SHALL BE MADE TO THE HUMAN RESOURCES DEPARTMENT BY OTHER EMPLOYEES WITH EXECUTIVE OR ADMINISTRATIVE RESPONSIBILITIES. IN ADDITION, SUCH INDIVIDUALS SHALL PERIODICALLY REPORT IN A SIMILAR MANNER ALL AFFILIATIONS, WHETHER AS AN OWNER, DIRECTOR, OFFICER, PARTNER, MANAGEMENT EMPLOYEE, CONSULTANT OR OTHER SIGNIFICANT RELATIONSHIP INVOLVING OWNERSHIP OR GOVERNANCE, WITH ANY OTHER FOR-PROFIT OR NON-PROFIT ENTITY, (I) FROM WHICH THE UNIVERSITY OBTAINS OR MAY BE EXPECTED TO OBTAIN GOODS OR SERVICES; (II) TO WHICH THE UNIVERSITY PROVIDES OR MAY BE EXPECTED TO PROVIDE GOODS OR SERVICES; OR (III) WHICH COMPETES OR MAY BE EXPECTED TO COMPETE IN ANY RESPECT WITH THE UNIVERSITY. ANY SUCH EXISTING OR POTENTIAL RELATIONSHIP WITH A SUBSIDIARY, JOINT VENTURE OR THE LIKE SHOULD BE DISCLOSED AS WELL. THE TERM "GOODS OR SERVICES" INCLUDES COMMERCIAL, INDUSTRIAL, BANKING AND PROFESSIONAL SERVICES OR GOODS. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THE PERFORMANCE OF THE PRESIDENT ANNUALLY AND RECOMMENDS ANY CHANGES IN HIS COMPENSATION. TYPICALLY THEY REVIEW EXECUTIVE COMPENSATION STUDIES FROM SOURCES LIKE THE KENTUCKY COUNCIL ON POST-SECONDARY EDUCATION (CPE), CUPA-HR AND YAFFE. THE BOARDS ACTS ON THE RECOMMENDATIONS OF THE EXECUTIVE COMMITTEE BY RESOLUTION. KEY EMPLOYEES COMPENSATION IS SET UPON REVIEW OF SIMILAR STUDIES AND APPROVED BY THE BOARD AS A PART OF THE PRESIDENT'S RECOMMENDED ANNUAL BUDGET. IN ADDITION TO THE ABOVE MENTIONED STUDIES, THE COLLEGE OF OSTEOPATHIC MEDICINE REVIEWS SPECIFIC SALARY STUDIES RELATED TO MEDICAL EDUCATION IN SETTING PROFESSIONAL COMPENSATION. THESE COMPENSATION LEVELS ARE ALSO APPROVED BY THE BOARD IN APPROVING THE ANNUAL BUDGET. FORM 990, PART VI, SECTION C, LINE 18 UNIVERSITY OF PIKEVILLE IS A PRIVATE INSTITUTION, AND AS SUCH, THE FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE ONLY MADE AVAILABLE TO UNIVERSITY PERSONEL. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY'S FORM 1023 AND 990 ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: ANNUITY LIABLITY ADJUSTMENT -2,632. CHANGE IN INTEREST IN ASSETS HELD BY OTHERS 668,832. FORM 990, PART XI, LINE 2C: THE PROCESSES FOR SELECTING AN INDEPENDENT AUDITOR AND OVERSEEING THE AUDIT HAVE NOT CHANGED DURING THE TAX YEAR. PCSOM REAL ESTATE LLC 147 SYCAMORE STREET PIKEVILLE KY 41051 CONSTRUCT AND OWN AN EDUCATIONAL BUILDING KY UNIVERSITY OF PIKEVILLE RELATED -786089 42021077 0 1 0.90000 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 PCSOM REAL ESTATE LLC K 1699500 FMV