2014-10-07T07:38:44-05:00 2014-05-31 560574444 CHERRY BEKAERT LLP 1111 METROPOLITAN AVE STE 1000 CHARLOTTE NC 28204 990 2013-06-01 560530251 CATAWBA COLLEGE CATA 7046374463 2300 W INNES STREET SALISBURY NC 28144 CHARLES F WILLIAMS VP OF BUSINESS AND FINANCE 7046374463 2014-09-03 1 JANICE A RATICA P00358837 7043771678 2013 2015-11-30 17:44:51Z BRIEN LEWIS 2300 W INNES STREET SALISBURY NC 28144 50140523 0 X WWW.CATAWBA.EDU X 1925 NC CATAWBA COLLEGE WAS FOUNDED IN NEWTON, NORTH CAROLINA, IN 1851 BY THE GERMAN REFORMED CHURCH. THE COLLEGE - WHICH IS TODAY AFFILIATED WITH THE UNITED CHURCH OF CHRIST - MOVED TO ITS PRESENT LOCATION IN SALISBURY IN 1925. THE COLLEGE ENDEAVORS TO ATTRACT STUDENTS BOTH NATIONALLY AND INTERNATIONALLY OF GOOD ABILITY AND CHARACTER. A PRIVATE, CO-EDUCATIONAL INSTITUTION, CATAWBA OFFERS THE BACHELOR OF ARTS, BACHELOR OF ARTS-EDUCATION, BACHELOR OF BUSINESS ADMINISTRATION, BACHELOR OF FINE ARTS, BACHELOR OF SCIENCE, AND MASTER OF EDUCATION TO TRADITIONAL AND NON-TRADITIONAL STUDENTS. THE COLLEGE ALSO SERVES THE PUBLIC THROUGH EDUCATIONAL OUTREACH AND VOLUNTEER SERVICE PROGRAMS FOR THE WORLD COMMUNITY. 37 37 965 37 0 0 8955968 12656280 33325482 35484964 1198173 812362 1036503 1120525 44516126 50074131 13605839 14700826 0 0 15287300 15811985 0 0 570602 13211851 15920387 42104990 46433198 2411136 3640933 114993967 122284523 31557249 30471557 83436718 91812966 X CATAWBA COLLEGE IS COMMITTED TO PROVIDING STUDENTS AN EDUCATION RICH IN PERSONAL ATTENTION THAT BLENDS THE KNOWLEDGE AND COMPETENCIES OF LIBERAL STUDIES WITH CAREER PREPARATION. CATAWBA COLLEGE DRAWS STRENGTH FROM JUDEO-CHRISTIAN VALUES, SUSTAINS A DYNAMIC COMMUNITY OF LEARNERS AND SEEKS TO UNITE A DIVERSE POPULATION OF STUDENTS, FACULTY AND STAFF AS ACTIVE CO-PARTICIPANTS IN SCHOLARSHIP AND SERVICE. CATAWBA COLLEGE PREPARES STUDENTS TO REACH THEIR HIGHEST POTENTIAL WHILE BECOMING RESPONSIBLE CITIZENS WITH ZEAL TO ENRICH HUMAN LIFE. 0 0 21939121 36605489 SERVICES PROVIDED FOR 1,298 UNDERGRADUATE LIBERAL ARTS STUDENTS INCLUDING INSTRUCTIONAL, ATHLETIC, OPERATIONS, ETC. 14700826 14700826 STUDENT AID - PROVIDED 819 SCHOLARSHIPS FOR WORTHY AND NEEDY STUDENTS. 36639947 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 97 0 965 1 0 0 0 0 0 0 0 0 0 0 X 37 37 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 1 0 NC X CHARLES F WILLIAMS 7046454550 2300 W INNES STREET SALISBURY NC 28144 C SHUFORD ABERNETHY MEMBER 1.00 X 0 0 0 BARBARA KERSHNER DANIEL MEMBER 1.00 X 0 0 0 GREGORY M ALCORN MEMBER 1.00 X 0 0 0 JAMES C DAYVAULT MEMBER 1.00 X 0 0 0 TOM E BURDETTE MEMBER 1.00 X 0 0 0 ROBERT B ARNOLD MEMBER 1.00 X 0 0 0 MICHAEL S BAUK MEMBER 1.00 X 0 0 0 DANIEL T BROSS MEMBER 1.00 X 0 0 0 EDWARD A BROWN MEMBER 1.00 X 0 0 0 LARRY CLONINGER MEMBER 1.00 X 0 0 0 SARA D COOK MEMBER 1.00 X 0 0 0 NANCY F COUNCILL MEMBER 1.00 X 0 0 0 DOLAN HUBBARD MEMBER 1.00 X 0 0 0 CHARLES G POTTS MEMBER 1.00 X 0 0 0 BRYAN JORDAN MEMBER 1.00 X 0 0 0 ABBY KERR MEMBER 1.00 X 0 0 0 RALPH A KETNER MEMBER 1.00 X 0 0 0 JULIAN H ROBERTSON JR MEMBER 1.00 X 0 0 0 LYNNE SCOTT SAFRIT MEMBER 1.00 X 0 0 0 BARBARA MARSHALL MEMBER 1.00 X 0 0 0 RICHARD J SEIWELL MEMBER 1.00 X 0 0 0 WADE H SHUFORD JR MEMBER 1.00 X 0 0 0 ROBERT P MCLEOD MEMBER 1.00 X 0 0 0 RONALD L SMITH MEMBER 1.00 X 0 0 0 TOM E SMITH MEMBER 1.00 X 0 0 0 CA MICHAEL III MEMBER 1.00 X 0 0 0 FRED J STANBACK JR MEMBER 1.00 X 0 0 0 SAMUEL A PENNINGER JR MEMBER 1.00 X 0 0 0 CHARLES TAYLOR MEMBER 1.00 X 0 0 0 BENJAMIM B PEELER MD MEMBER 1.00 X 0 0 0 MONA LISA WALLACE MEMBER 1.00 X 0 0 0 MARTHA K WEST MEMBER 1.00 X 0 0 0 BARRY D LEONARD MEMBER 1.00 X 0 0 0 DARLENE L BALL CHAIRMAN OF THE BOARD 1.00 X X 0 0 0 WILLIAM M GRAHAM VICE CHAIRMAN 1.00 X X 0 0 0 DEBORAH W MESSINGER SECRETARY 1.00 X X 0 0 0 SALLY WHITNEY TREASURER 1.00 X X 0 0 0 BRIEN LEWIS PRESIDENT 40.00 X 249152 0 62288 CHARLES F WILLIAMS VP OF BUSINESS AND FINANCE 40.00 X 122739 0 30685 MICHAEL BITZER PROVOST 40.00 X 96963 0 24241 REX OTEY VP OF DEVELOPMENT 40.00 X 32519 0 8130 LOIS WILLIAMS VP ADMISSIONS 40.00 X 105584 0 26396 KENNETH CLAPP SR. VICE PRESIDENT 40.00 X 100830 0 25208 DR PAMELA THOMPSON DEAN SCHOOL OF BUSINESS 40.00 X 112143 0 28036 DR MIKE WILSON PROFESSOR SPANISH & DEPT CHAIR 40.00 X 114509 0 28627 DR STEPHEN HIATT PROFESSOR BUSINESS 40.00 X 104618 0 26155 1039057 0 259766 7 0 1 0 CHARTWELLS DINING SERVICES 3 INTERNATIONAL DRIVE RYE BROOK NY 10573 DINING SERVICES 1844393 FOLLETT HIGHER EDUCATION GROUP 3146 SOLUTION CENTER CHICAGO IL 60677 BOOKSTORE OPERATIONS 381355 ELLUCIAN SUPPORT INC 14083 COLLECTION CENTER DRIVE CHICAGO IL 60693 COMPUTER CONSULTING 284068 GREENLAWN YARD SERVICE 2990 NEEDMORE ROAD WOODLEAF NC 27054 LAWN SERVICES 250753 ELLUCIAN COMPANY LP 62578 COLLECTION CENTER DRIVE CHICAGO IL 60693 COMPUTER SUPPORT 240831 10 222644 12433636 179457 12656280 TUITION AND FEES(NET) 900099 28669050 28669050 AUXILLARY INCOME 900099 6589155 6589155 ATHLETIC INCOME 900099 226759 226759 35484964 878754 878754 66392 -66392 -66392 -66392 OTHER INCOME 900099 1120525 1120525 1120525 50074131 36605489 0 812362 X 14700826 14700826 884735 176947 530841 176947 11635837 8834685 2597755 203397 269630 186449 75379 7802 2141228 1576341 532159 32728 880555 640178 215881 24496 5461900 3112272 2300820 48808 13896 10619 3277 83787 54446 5549 23792 176763 176763 1333957 1030592 286785 16580 627661 568344 45369 13948 12580 7383 4895 302 785226 627323 157903 2781174 2221899 559275 347588 15385 330947 1256 STUDENT ACTIVITIES 652492 652492 SUPPLIES 494199 485155 9044 REPAIRS & MAINTENANCE 357771 45653 311922 196 BAD DEBT EXPENSE 313727 313727 2477666 1379231 1087129 11306 46433198 36639947 9222649 570602 702243 4383724 609550 531053 511758 487798 908358 884312 1000000 0 73569 88535 156623 241486 105685296 51309685 56713126 54375611 45697803 53539559 631128 301637 7989809 7450808 114993967 122284523 1494239 1401452 1932262 1783490 22769895 22121964 5360853 5164651 31557249 30471557 X 24125526 24697561 14560783 22264743 44750409 44850662 83436718 91812966 114993967 122284523 X 3640933 5181966 -446651 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 48238 748 6302 1940 53348 42329 179 6442 712 48238 40975 1074 280 42329 31506 6128 5473 2132 40975 26266 2276 4258 1294 31506 0.00000 0.82480 0.17520 0 0 2339723 2339723 75664051 37586094 38077957 27681522 13723591 13957931 54375611 BONDS 346228 F MUTUAL FUNDS 53113357 F CORPORATE STOCKS 79974 F 53539559 LOANS TO STUDENTS, NET 2989661 LOAN COSTS, NET 252776 BENEFICIAL INTERESTS IN TRUSTS 3386799 CASH SURRENDER VALUE OF LIFE INSURANCE 821572 7450808 US GOVT LOAN FUNDS REFUNDABLE 2592776 ANNUITY PAYMENT LIABILITY 494752 LIABILITY UNDER TRUST AGREEMENTS 564269 DEPOSITS HELD FOR OTHERS 186562 ASSET RETIREMENT OBLIGATION 1191814 CAPITAL LEASE OBLIGATIONS 134478 5164651 X 34560943 -14700826 -14700826 49261769 812362 812362 50074131 31732372 0 31732372 14700826 14700826 46433198 PART V, LINE 4: ENDOWMENT FUNDS ARE USED TO FURTHER THE HIGHER EDUCATION CAUSE. PART X, LINE 2: THE COLLEGE HAS EVALUATED ALL TAX POSITIONS AND DETERMINED THAT IT HAS NO UNCERTAIN INCOME TAX POSITIONS AS OF MAY 31, 2014 AND 2013. MANAGEMENT BELIEVES THE COLLEGE IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO MAY 31, 2010. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS SHOWN NET OF TUITION REVENUE -14,700,826. PART XI, LINE 4B - OTHER ADJUSTMENTS: REALIZED LOSS ON INVESTMENTS -66,392. DIVIDEND AND INTEREST INCOME 878,754. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS SHOWN NET OF TUITION REVENUE 14,700,826. 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 POLICY IS INCLUDED IN ALL MEDIA AND IN ALL LITERATURE DISTRIBUTED. ADDITIONALLY, IT IS POSTED IN THE LOCAL NEWSPAPER WITH ALL JOB ADVERTISEMENTS (THIS IS DONE SEVERAL TIMES A YEAR). SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES ASSISTANCE FROM SEVERAL DIFFERENT GOVERNMENTAL AGENCIES. U.S. DEPARTMENT OF EDUCATION: FEDERAL PERKINS LOAN PROGRAM 84.038 FEDERAL WORK STUDY PROGRAM 84.033 FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAM 84.007 FEDERAL DIRECT STUDENT LOANS 84.268 FEDERAL PELL GRANT PROGRAM 84.063 NATIONAL SCIENCE FOUNDATION: EDUCATION AND HUMAN RESOURCES 47.076 U.S. DEPARTMENT OF TRANSPORTATION: HIGHWAY PLANNING AND CONSTRUCTION 20.205 NORTH CAROLINA STATE EDUCATION ASSISTANCE AUTHORITY: NORTH CAROLINA NEED GRANT NC NATIONAL GUARD TUITION GRANT NC PROSPECTIVE TEACHERS NORTH CAROLINA FORGIVABLE LOAN NORTH CAROLINA GOLDEN LEAF GRANT 1 SCHOLARSHIPS & TUITION DISCOUNTS 819 14700826 PART I, LINE 2: PROCEDURES FOR APPLYING FOR FINANCIAL AID: WHENEVER POSSIBLE, CATAWBA COLLEGE WILL SUPPLEMENT THE FINANCIAL RESOURCES OF A STUDENT THROUGH MERIT PERFORMANCE-BASED AND NEED-BASED SCHOLARSHIPS AND GRANTS. A POTENTIAL STUDENT APPLIES AND IS ACCEPTED TO CATAWBA COLLEGE. AT THE TIME OF THEIR ACCEPTANCE, MERIT AID IS DETERMINED BY THE ADMISSIONS COUNSELOR ACCEPTING THE APPLICATION BASED ON A MATRIX CHART THAT HAS BEEN SET UP WITH REGARD TO GPA AND SAT SCORES, LIVING ON OR OFF CAMPUS, AND A SEPARATE TRANSFER STUDENT MATRIX. SCHOLARSHIPS ARE APPLIED DIRECTLY TO THE STUDENTS' ACCOUNT AND, THUS, MUST BE USED FOR EDUCATIONAL PURPOSES. WITH REGARDS TO ATHLETICS AT CATAWBA COLLEGE, THE FINANCIAL AID OFFICE MONITORS ALL ATHLETES TO MAKE SURE THEY DO NOT GO OVER CONFERENCE REGULATIONS REGARDING BOOKS AND SUPPLIES. CATAWBA COLLEGE REFERS TO THE NCAA DIVISION II MANUAL FOR POLICIES REGARDING STUDENT ATHLETES. THE FINANCIAL AID DIRECTOR SIGNS OFF ON THE SQUAD LISTS AND CHECKS FOR ELIGIBILITY WITH THE COMPLIANCE DIRECTOR AND, THE ASSOCIATE DIRECTOR OF FINANCIAL AID IS RESPONSIBLE FOR ENTERING THE ATHLETIC INFORMATION INTO THE CAI SYSTEM. THE CAI SYSTEM IS ALSO USED TO DETERMINE EQUIVALENCY COMPUTATIONS. X X X X 1 0 X X X 0 0 0 0 0 0 0 0 0 BRIEN LEWIS PRESIDENT 249152 0 0 0 0 0 17500 0 44788 0 311440 0 0 0 CHARLES F WILLIAMS VP OF BUSINESS AND FINANCE 122739 0 0 0 0 0 23000 0 7685 0 153424 0 0 0 PART I, LINE 1A MR. LEWIS [PRESIDENT] HAS, AS A PART OF HIS CONTRACT, HOUSING, UTILITIES, INSURANCE, CUSTODIAL SERVICE ETC. PAID FOR BY THE COLLEGE. HE IS THE ONLY EMPLOYEE WITH THESE BENEFITS. THIS RESIDENCE IS PROVIDED FOR THE CONVENIENCE OF THE COLLEGE IN HAVING THE FUNCTIONS OF THE OFFICE OF THE PRESIDENT EFFICIENTLY CONDUCTED AND AS A CONDITION OF EMPLOYMENT AS PRESIDENT OF THE COLLEGE. FOR THE BENEFIT AND CONVENIENCE OF THE COLLEGE, THE PRESIDENT'S RESIDENCE SHALL BE AVAILABLE, AND SHALL BE USED, FOR COLLEGE-RELATED BUSINESS AND ENTERTAINMENT ON A REGULAR AND CONTINUING BASIS. THE ORGANIZATION PAID $4,158 FOR MR. LEWIS'S COUNTRY CLUB DUES FOR 2013. THE CLUB IS USED FOR BUSINESS PURPOSES AND FUNDRAISING ACTIVITIES. THE PRESIDENT REIMBURSES THE COLLEGE FOR ANY PERSONAL USE PORTION. THE PRESIDENT IS ALLOWED A DISCRETIONARY SPENDING ACCOUNT AND THE BOARD APPROVES A BUDGETED AMOUNT OF DISCRETIONARY EXPENDITURES. THE ACCOUNT IS USED TO SUPPORT ANY UNANTICIPATED NEEDS OF THE COLLEGE. X 25 179457 FAIR MARKET VALUE 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 JIM DAYVAULT AND RICHARD SEIWELL, BOTH MEMBERS OF THE BOARD, ARE BROTHERS-IN-LAW. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION'S BYLAWS WERE RECENTLY UPDATED TO INCLUDE CHANGES TO THE NOMINATION PROCESS OF TRUSTEES, APPOINTMENT OF OFFICERS, AND ADDED COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11 A PUBLIC DISCLOSURE COPY OF THE FORM 990 WILL BE PROVIDED, PRIOR TO FILING, TO THE BOARD OF TRUSTEES TO PROTECT THE DONOR'S PRIVACY. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST STATEMENTS ARE SIGNED BY EACH MEMBER OF THE BOARD OF TRUSTEES ON AN ANNUAL BASIS. IN THE EVENT OF A POTENTIAL CONFLICT DURING THE YEAR, THAT MEMBER WILL REFRAIN FROM PARTICIPATING IN THE CONSIDERATION OF THE PROPOSED TRANSACTION IN QUESTION. THIS PERSON WILL NOT VOTE ON OR TAKE ANY POSITION FOR OR AGAINST THE PROPOSED TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 THE COLLEGE UTILIZES A "COMMITTEE OF THE PRESIDENCY OF THE BOARD OF TRUSTEES" THAT EVALUATES THE PRESIDENT ON PREDETERMINED GOALS AND THE ASSESSMENT OF POSITIVE ACHIEVEMENTS. THE COMMITTEE APPROVES AND DETERMINES THE PRESIDENTIAL SALARY AND SALARY INCREASES. THE PRESIDENT REVIEWS THE POSITIONS OF THE SENIOR VICE PRESIDENT OF DEVELOPMENT, VICE PRESIDENT OF ADMISSIONS, PROVOST AND THE VICE PRESIDENT OF FINANCE TO ESTABLISH SALARY LEVELS BASED ON PERFORMANCE. ALL DISCUSSIONS ARE DOCUMENTED IN THE MINUTES OF THE MEETING. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND THE FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 3,112,272. MANAGEMENT AND GENERAL EXPENSES 2,300,820. FUNDRAISING EXPENSES 48,808. TOTAL EXPENSES 5,461,900. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTERESTS IN TRUSTS -477,386. CHANGE IN LIABILITY UNDER TRUST AGREEMENTS 30,735. CHARITABLE REMAINDER TRUST (4) INVESTMENT NC N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0