2013-05-15T13:10:39-05:00 2012-06-30 540504608 BROWN EDWARDS & COMPANY LLP 319 MCCLANAHAN ST ROANOKE VA 24014 990 2011-07-01 550357021 DAVIS & ELKINS COLLEGE DAVI 3046371250 100 CAMPUS DRIVE ELKINS WV 26241 GRETA J TROASTLE 3046371250 2013-05-15 MARK WOOLWINE P00647446 5403450936 2011 2016-02-24 21:20:13Z GRETA J TROASTLE 100 CAMPUS DRIVE ELKINS WV 26241 27473318 0 X WWW.DEWV.EDU X 1904 WV TO PREPARE AND INSPIRE STUDENTS FOR SUCCESS AND FOR THOUGHTFUL ENGAGEMENT IN THE WORLD. 30 30 820 33 50282 -28118 6360469 4903568 19542482 22096002 926104 466721 248911 -22894 27077966 27443397 7030976 8145233 0 0 10851561 11427912 0 0 874366 6988044 7127706 24870581 26700851 2207385 742546 61304325 59247193 16205587 13341609 45098738 45905584 TO PREPARE AND INSPIRE STUDENTS FOR SUCCESS AND FOR THOUGHTFUL ENGAGEMENT IN THE WORLD. 0 0 22614581 8145233 22045720 EDUCATION - PROVIDE HIGHER EDUCATION TO STUDENTS. 22614581 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 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 285 0 1 820 1 1 1 0 0 0 1 1 1 1 0 0 0 1 0 X 30 30 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X G T (BUCK) SMITH PRESIDENT 3046371900 100 CAMPUS DRIVE ELKINS WV 262413996 MR BRIAN D BALL 1.00 X 0 0 0 MS KAREN H BERNER 1.00 X 0 0 0 REGINALD OWENS SR 1.00 X 0 0 0 DR PHILLIP BUSSEY 1.00 X 0 0 0 MR WENDELL M CRAMER 1.00 X 0 0 0 MR CHARLES E HILL 1.00 X 0 0 0 MRS CARTER GILTINAN 1.00 X 0 0 0 MR JAMES W SPEARS 1.00 X 0 0 0 MS MELISSA H LUCE 1.00 X 0 0 0 MR RUDY G LUZZATTO 1.00 X 0 0 0 MS DEBORAH J MADDEN 1.00 X 0 0 0 MR CLIFF J NEESE JR 1.00 X 0 0 0 THOMAS J MARTIN DDS 1.00 X 0 0 0 MR HENRY M MOORE 1.00 X 0 0 0 DONALD M ROBBINS 1.00 X 0 0 0 MR HENRY W STEINBRECHER 1.00 X 0 0 0 MR PAUL S STIRRUP 1.00 X 0 0 0 MR L NEWTON THOMAS JR 1.00 X 0 0 0 MR LEONARD J TIMMS JR 1.00 X 0 0 0 MR JOSEPH M WELLS III 1.00 X 0 0 0 MS JOYCE B ALLEN 1.00 X 0 0 0 MR JAMES BIALEK 1.00 X 0 0 0 ERIC J NILSEN 1.00 X 0 0 0 KIMBERLY M FARRY MD 1.00 X 0 0 0 MR PETER H DOUGHERTY 1.00 X 0 0 0 MS NANCY EVANS-BENNETT 1.00 X 0 0 0 RONALD A ROLLINS MD 1.00 X 0 0 0 WILLIAM S MOYER 1.00 X 0 0 0 JOHN H HARLING 1.00 X 0 0 0 DAVID A FARIS MD 1.00 X 0 0 0 WILLIAM H SUDBRINK 1.00 X 0 0 0 MS JUNE B MYLES 1.00 X 0 0 0 MR WILLIAM W NUTTALL 1.00 X 0 0 0 MR RICHARD C SEYBOLT 1.00 X 0 0 0 MR DAVID A RUTHERFORD 1.00 X 0 0 0 MS DOROTHY H WAMSLEY 1.00 X 0 0 0 MR D DRAKE DOWLER 1.00 X 0 0 0 G T BUCK SMITH 37.50 X 10950 0 9084 VICTOR L THACKER 37.50 X 34197 0 1710 SCOTT D GODDARD 37.50 X 63125 0 18003 GRETA J TROASTLE 37.50 X 63125 0 7273 PATRICIA J SCHUMANN 37.50 X 80000 0 19690 KEVIN WILSON 37.50 X 120000 0 17690 JOSEPH ROIDT 37.50 X 61500 0 17840 MICHAEL MIHALYO 37.50 X 39583 0 4371 472480 0 95661 1 0 0 0 MARCH-WESTIN COMPANY INC 360 FRONTIER STREET MORGANTOWN WV 26505 CONSTRUCTION OF FACILITIES 673316 MASTER SERVICE MID-ATLANTIC PO BOX 2417 ELKINS WV 26241 CONSTRUCTION OF FACILITIES 410024 DURER INC 104 LEEWAY STREET MORGANTOWN WV 26505 CONSTRUCTION OF FACILITIES 272881 BREWER & COMPANY OF WV INC PO BOX 3108 CHARLESTON WV 25331 INSTALLATION 189958 INDEPENDENT COLLEGE ENTERPRISE 2300 MACCORKLE AVENUE SE CHARLESTON WV 25304 ACCOUNTING PROGRAM 176643 5 1608352 3295216 39659 4903568 TUITION AND FEES 611310 16508033 16508033 AUXILIARY ENTERPRISE R 611710 5587969 5537687 50282 22096002 399176 399176 71335 0 3790 71335 -3790 67545 67545 21214 26131 -4917 -4917 OTHER INCOME 900099 88125 88125 OTHER INVESTMENT INCOM 900099 -34509 -34509 EARLY EXTINGUISHMENT O 900099 -71593 -71593 -17977 27443397 22045720 50282 443827 8145233 8145233 803120 205100 361210 236810 7568267 6081152 1177634 309481 2530007 2032877 412484 84646 526518 423061 82396 21061 10308 8283 2025 85840 68973 16867 1472726 1183345 268295 21086 872327 700920 150931 20476 542545 435938 68197 38410 75209 60431 13431 1347 1565152 1257610 278570 28972 CONTRACT SERVICES 1592139 1279294 312845 0 MISCELLANEOUS 405600 325902 79698 0 PRINTING & PUBLICATIONS 173624 139508 -38133 72249 TELEPHONE 134625 108172 23640 2813 197611 158782 1814 37015 26700851 22614581 3211904 874366 657625 101029 11829314 7771384 1561149 1663638 806560 735947 49837 73964 58041483 32168393 23813215 25873090 9809511 11191213 1789765 1543760 10987349 10293168 61304325 59247193 2058909 2707429 719754 721535 3250000 440833 108749 9736091 9803896 16205587 13341609 X 13236648 17386098 10287770 6592235 21574320 21927251 45098738 45905584 61304325 59247193 X 742546 64300 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19088 430046 X X 0 27230431 386481 363036 151620 209976 309835 27525856 25002396 437493 1723131 388749 1567 66718 27230431 19208507 5156195 1173173 105698 346758 83023 25002396 21853953 181346 -2034608 147008 580674 64502 19208507 0.10050 0.79270 0.10680 1 0 1194119 1194119 46180609 24339170 21841439 7867664 6810440 1057224 2799091 1018783 1780308 25873090 FUNDS HELD IN TRUST BY OTHERS 1629629 DUE FROM OPERATING FUNDS 8663539 10293168 OBLIGATIONS UNDER SPLIT INTEREST AGREEMENTS 130726 RESTRICTED DEPOSITS HELD BY TRUSTEE 1009631 DUE TO ENDOWMENT 8663539 9803896 27443397 26700851 742546 2922 61378 64300 806846 19362464 2922 61378 64300 19298164 8145233 8145233 27443397 18555618 0 18555618 8145233 8145233 26700851 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 THESE WORKS OF ART, HISTORICAL TREASURES AND SIMILAR ITEMS SERVE TO ENHANCE THE COLLEGE'S LIBERAL ARTS EMPHASIS. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE FEDERAL FORM 990S OF THE COLLEGE FOR FISCAL YEARS 2010, 2009, AND 2008, ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE SPLIT INTEREST 61,378. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE SPLIT INTEREST 61,378. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 8,145,233. PART XIII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS & GRANTS 8,145,233. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION 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. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE 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 $180,218; FWS - AGENCY $142; FSEOG $138,077; ACA PELL, FPERK, FSEOG, FWS $23,254 DIRECT FEDERAL PROGRAM GRANTS: TRIO - UPWARD BOUND RBT/P&P - US DEPARTMENT OF EDUCATION $571,988; TRIO - VETERANS UPWARD BOUND - US DEPARTMENT $325,266; TRIO - INDRECT COSTS $54,712; NEA HERITAGE PRESERVATION-FOLK & TRADITIONAL ARTS PROG $31,572 FEDERAL PASS-THROUGH GRANTS: USDA - US FOREST SERVICE RESEARCH PROJECT $15,124; DHHS-TANF ARRA EMERGENCY CONTINGENCY FD ($5,258); WV HUMANTIES COUNCIL - SUMMER LECTURE SERIES $25,353; OTHER STATE FUNDED GRANTS $247,904; TOTAL GRANT MONIES $1,608,352 AUGUSTA HERITAGE CENTER 2079 2079 507 SENATORS (ATHLETIC) BOOSTER CLUB 19135 19135 25624 21214 21214 26131 26131 -4917 1 SCHOLARSHIPS AND DISCOUNTS 802 389194 7617962 AID SEOG 331 138077 0 GRANT X 1 1 0 0 0 0 0 0 0 0 0 PART I, LINE 1A THE COLLEGE PROVIDES THE PRESIDENT WITH HOUSING AND A VEHICLE. KIMBERLY M FARRY MD TRUSTEE 6515 PAYMENTS ARE MADE TO ST. JOSEPH'S HOSPITAL, ASSOCIATES FOR WOMENS HEALTHCARE. DR. FARRY IS PHYSICIAN MEMBER OF ASSOCIATES FOR WOMENS HEALTHCARE AND PROVIDES HER PROFESSIONAL SERVICES TO D&E UNDER THE AGREEMENT. 0 X 1 41 DONOR VALUE X 2 12221 AVE HIGH/LOW AT TRANSFER X SPECIAL EVENTS WAGON 1 15000 DONOR VALUE X HOSPITALITY 8 750 DONOR VALUE X OFFICE SUPPLIES 23 1052 DONOR VALUE X RIDING LAWN MOWER 1 925 DONOR VALUE X CHAIRS 1 1860 DONOR VALUE X ARCHITECTURAL SERVICES - COLUMBARIUM 2 4088 DONOR VALUE X DULCIMERS 2 770 DONOR VALUE X BOOKS 2 3052 DONOR VALUE 0 0 1 METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: PART I, COLUMN (B): THE NUMBER OF CONTRIBUTORS LISTED ON SCHEDULE M IS THE NUMBER OF CONTRIBUTIONS RECEIVED FOR EACH TYPE OF CONTRIBUTION. THIRD PARTY USE: PART I, LINE 32B: REAL ESTATE FORM 990, PART VI, SECTION A, LINE 7A VOTING MEMBERS ELECT PROPOSED CANDIDATES TO THE BOARD OF TRUSTEES 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 2,922. CHANGE IN VALUE SPLIT INTEREST 61,378. TOTAL TO FORM 990, PART XI, LINE 5: 64,300.