2025-03-11T15:52:12-05:00 2024-05-31 540504608 BROWN EDWARDS & COMPANY LLP 105 ARBOR DR NE 3RD FLOOR CHRISTIANSBURG VA 24073 990 2023-06-01 560686603 NORTH CAROLINA WESLEYAN UNIVERSITY INC NORT 2529855100 3400 NORTH WESLEYAN BLVD ROCKY MOUNT NC 278048699 SUZANNE BRACKETT VP OF FINANCE 2529855100 2025-03-06 1 1 MARK WOOLWINE P00647446 5404433606 2025-03-06 2023 2025-03-06 01:10:19Z SUZANNE BRACKETT 3400 N WESLEYAN BLVD ROCKY MOUNT NC 278048677 47416494 0 X WWW.NCWC.EDU X 1956 NC TO PREPARE STUDENTS FOR PROFESSIONAL ADVANCEMENT, LIFE-LONG LEARNING, AND RESPONSIBLE PARTICIPATION IN THEIR COMMUNITIES. 23 23 689 24 418887 0 5462050 4410578 41749728 42028409 69058 502292 244591 451475 47525427 47392754 19381368 18810863 0 0 15468153 15210875 0 0 492804 17648899 16450693 52498420 50472431 -4972993 -3079677 60676201 66064047 16130497 23466725 44545704 42597322 NORTH CAROLINA WESLEYAN UNIVERSITY, 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 43336081 18810863 42014311 INSTRUCTIONAL SERVICES TO UNIVERSITY STUDENTS 253066 PUBLIC SERVICE - OPERATED THE DUNN CENTER FOR THE PERFORMING ARTS, OPEN TO THE COMMUNITY AND EASTERN NORTH CAROLINA. 43589147 1 1 0 0 0 0 0 1 0 1 1 1 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 2233 0 1 689 1 1 1 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X SUZANNE BRACKETT 2529855100 3400 N WESLEYAN BLVD ROCKY MOUNT NC 278048699 MR PAUL A BAUER CHARIMAN 5.00 X 0 0 0 MR VERNON T BRADLEY JR TRUSTEE 5.00 X 0 0 0 MR ARNOLD GORDON-GRAY TRUSTEE 5.00 X 0 0 0 MR DAN L BELL TRUSTEE 5.00 X 0 0 0 MR HARRY BYNUM TRUSTEE 5.00 X 0 0 0 MS BETH MURPHY TRUSTEE 5.00 X 0 0 0 DR DANIEL L CROCKER PAST CHAIRMAN 5.00 X 0 0 0 MS LESLIE HALL TRUSTEE 5.00 X 0 0 0 MS JANICE BRYANT HOWROYD TRUSTEE 5.00 X 0 0 0 MR KEVIN JONES TRUSTEE 5.00 X 0 0 0 MR TW KING TRUSTEE 5.00 X 0 0 0 MR BAXTER MYERS TRUSTEE 5.00 X 0 0 0 DR LAWANDA PEACE TRUSTEE 5.00 X 0 0 0 MS TERRI SHARPE TRUSTEE 5.00 X 0 0 0 MR JOE SHEARIN VICE CHAIRMAN 5.00 X 0 0 0 MR ROGER TAYLOR TRUSTEE 5.00 X 0 0 0 MR JOHN A TURNAGE SECRETARY 5.00 X 0 0 0 MS CONSTANCE WILLIAMS TRUSTEE 5.00 X 0 0 0 MR THOMAS WINSTEAD TRUSTEE 5.00 X 0 0 0 REV ISMAEL RUIZ-MILLAN EX OFFICIO 5.00 X 0 0 0 MR MARION BARNES TRUSTEE 5.00 X 0 0 0 MR JEROME MA TRUSTEE 5.00 X 0 0 0 MR LLOYD NELSON TRUSTEE 5.00 X 0 0 0 MR WAYNE SOUSA TRUSTEE 5.00 X 0 0 0 MS SUZANNE P BRACKETT SVP-ADMINISTRATION 40.00 X 155000 0 16930 MR AARON V DENTON VP OF ATHLETICS 40.00 X 123737 0 8068 MR MICHAEL E DREW VP OF ENROLLMENT 40.00 X 112027 0 7009 MR EVAN D DUFF PRESIDENT 40.00 X 293762 0 34353 MR MARK H HINSON SR EXECUTIVE OF PHILANTHRO 40.00 X 118592 0 14850 MR JOSEPH H LANE JR PROVOST AND SVP OF ACADEMI 40.00 X 168262 0 29133 MR JOHN M THOMPSON HEAD MEN'S BASKETBALL COAC 40.00 X 117375 0 25547 MR MEIR MAGAL PROFESSOR 40.00 X 106563 0 12863 1195318 0 148753 8 0 1 0 ARAMARK SERVICES INC PO BOX 978839 DALLAS TX 75397 FOOD SERVICE 1657311 SODEXO INC & AFFILIATES CAFETERIA 3400 N WESLEYAN BLVD ROCKY MOUNT NC 27804 FOOD SERVICE AND MAINTENANCE 787648 JENZABAR INC PO BOX 845588 BOSTON MA 02205 SOFTWARE SERVICES 469013 RADIO WERKS LLC PO BOX 1214 NEW BERN NC 285631214 MEDIA SERVICES 403108 PIEDMONT SERVICE GROUP 1031 NOWELL RD RALEIGH NC 27607 FACILITIES MAINTENANCE 230396 8 1174 596735 3812669 269788 4410578 TUITION AND FEES 611310 32655690 32655690 AUXILIARY ENTERPRISES 611710 8012141 8012141 OTHER SOURCES 611710 1360578 1360578 42028409 307450 307450 148319 0 148319 148319 148319 208940 0 14098 208940 -14098 194842 -14098 208940 42230 1174 9642 32588 32588 CENTER FOR THE PERFORMING ARTS - 711300 270568 270568 270568 47392754 42014311 418887 548978 18810863 18810863 934266 384418 435506 114342 10930552 9615945 1023570 291037 494801 404472 90329 1960498 1510029 450469 890758 781979 108779 24753 24753 97602 97602 39306 39306 557265 385364 171901 541303 108583 432720 166580 142521 11281 12778 841181 45423 795758 3864771 3538013 326758 490443 468327 20878 1238 554791 404997 149794 2145141 1771887 373254 452713 189671 263042 OTHER EXPENSES 2823975 2142594 609586 71795 FOOD SERVICES 1801387 1801387 BAD DEBT EXPENSE 624417 624417 UNIVERSITY STORE 534706 534706 890359 547968 340777 1614 50472431 43589147 6390480 492804 533149 2154119 614168 752350 970512 1625033 71914 63312 104829 104829 650874 651951 72929357 31270563 42230954 41658794 10224396 10986187 3802303 4115413 1473102 3952059 60676201 66064047 3098928 2969260 965853 2346009 10866189 11329919 3335000 1199527 3486537 16130497 23466725 X 30690111 29069033 13855593 13528289 44545704 42597322 60676201 66064047 -3079677 1131295 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 12759310 211879 1618305 789633 72969 13726892 13326109 93882 -245190 420785 -5294 12759310 14920089 78124 -1042134 546750 83220 13326109 11053099 1426197 2984926 531031 13102 14920089 10554390 726850 270983 481565 17559 11053099 0.32970 0.41540 0.25490 1 0 191448 191448 46305592 13571756 32733836 15558393 11626296 3932097 10873924 6072511 4801413 41658794 CASH AND EQUIVALENTS 4050913 F REAL ESTATE HELD FOR SALE 64500 F 4115413 BENFICIAL INTEREST IN SPLIT-INTEREST AGREEMENTS 660552 PERKINS LOAN FUND CASH 11726 OPERATING LEASE RIGHT-OF-USE ASSETS 3279781 3952059 AGENCY FUNDS 147184 OPERATING LEASE RIGHT-OF-USE LIABILITIES 3339353 3486537 X 29683522 1131295 -18801221 -17669926 47353448 39306 39306 47392754 31631904 9642 9642 31622262 39306 18810863 18850169 50472431 PART III, LINE 4: NORTH CAROLINA WESLEYAN UNIVERSITY 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 UNIVERSITY 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 UNIVERSITY STRIVES FOR INCLUSION AND QUALITY AND TO SERVE A DIVERSE COMMUNITY. PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT IS MADE UP PRIMARILY OF ENDOWED SCHOLARSHIPS, DESIGNATED ENDOWMENTS AND GENERAL ENDOWMENTS ESTABLISHED FOR GENERAL UNIVERSITY SUPPORT PURPOSES USING DONOR-RESTRICTED GIFTS. PART X, LINE 2: THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE UNIVERSITY FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND NORTH CAROLINA. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 9,642. SCHOLARSHIP ALLOWANCES -18,810,863. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 9,642. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCES 18,810,863. 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 UNIVERSITY'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 UNIVERSITY RECEIVED FEDERAL AND STATE GRANTS IN THE AMOUNT OF $3,605,441. SPORTING CLAYS 2022 22145 22145 1432 2301 903 158 WESLEYAN CUP 2023 21259 1174 20085 477 4234 137 43404 1174 42230 1909 6535 1040 158 9642 32588 1 GENERAL SCHOLARSHIPS 958 18024329 FMV N/A ENDOWED SCHOLARSHIPS 264 534387 FMV N/A SEOG 142 252147 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 EVAN D DUFF PRESIDENT 252000 0 14000 0 27762 0 15120 0 19233 0 328115 0 0 0 MR JOSEPH H LANE JR PROVOST AND SVP OF ACADEMI 165000 0 0 0 3262 0 9900 0 19233 0 197395 0 0 0 MS SUZANNE P BRACKETT SVP-ADMINISTRATION 155000 0 0 0 0 0 9300 0 7630 0 171930 0 0 0 PART I, LINE 1A THE UNIVERSITY PROVIDES A RESIDENCE AND PAYS COMPENSATION TO THE PRESIDENT OF THE UNIVERSITY. THE RESIDENCE IS ON CAMPUS AND THE PRESIDENT IS REQUIRED TO LIVE AT THE RESIDENCE. MR PAUL BAUER CHAIR ON BOARD OF TRUSTEES 214081 JOHN HACKNEY AGENCY OF ROCKY MOUNT HANDLES UMBRELLA POLICIES FROM UTICA, TRAVELERS, AND ACCIDENT FUND 0 X 3 269788 AVERAGE HIGH/LOW 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B 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 UNIVERSITY WILL MONITOR THE POLICY FOR ANNUAL DISCLOSURE AND INVESTIGATE NON-REPORTING. THE UNIVERSITY 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 UNIVERSITY 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.