2013-10-14T19:58:42-05:00 2013-05-31 560574444 CHERRY BEKAERT LLP 1111 METROPOLITAN AVENUE SUITE 1000 CHARLOTTE NC 28204 990 2012-06-01 560530251 CATAWBA COLLEGE CATA 7046374463 2300 W INNES STREET SALISBURY NC 28144 CHARLES F WILLIAMS 7046374463 2013-10-10 1 KELLIANNE F BENSON P01345659 7043771678 2012 2015-11-30 17:44:51Z BRIEN LEWIS 2300 W INNES STREET SALISBURY NC 28144 59607091 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. 49 49 951 49 0 0 5925701 8955968 34282042 33325482 762613 1198173 1114851 1036503 42085207 44516126 13548864 13605839 0 0 15384665 15287300 0 0 540600 13022010 13211851 41955539 42104990 129668 2411136 109380675 114993967 33861032 31557249 75519643 83436718 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 16672246 34361985 SERVICES PROVIDED FOR APPROXIMATELY 1,200 UNDERGRADUATE LIBERAL ARTS STUDENTS INCLUDING INSTRUCTIONAL, ATHLETIC, OPERATIONS, ETC. 13605839 13605839 STUDENT AID - PROVIDED 1,231 SCHOLARSHIPS FOR WORTHY AND NEEDY STUDENTS. 30278085 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 1 123 0 1 951 1 0 0 0 0 0 0 0 0 0 0 X 49 49 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 1 0 NC X CHARLES F WILLIAMS CFO 7046454550 2300 W INNES STREET SALISBURY NC 28144 C SHUFORD ABERNETHY 1.00 X 0 0 0 BARBARA KERSHNER DANIEL 1.00 X 0 0 0 GREGORY M ALCORN 1.00 X 0 0 0 JAMES C DAYVAULT 1.00 X 0 0 0 TOM E BURDETTE 1.00 X 0 0 0 J RANDY SOUTHARD 1.00 X 0 0 0 ROBERT B ARNOLD 1.00 X 0 0 0 MICHAEL S BAUK 1.00 X 0 0 0 NEWTON O FOWLER JR 1.00 X 0 0 0 DANIEL T BROSS 1.00 X 0 0 0 EDWARD A BROWN 1.00 X 0 0 0 LARRY CLONINGER 1.00 X 0 0 0 SARA D COOK 1.00 X 0 0 0 CLAUDE B HAMPTON JR 1.00 X 0 0 0 NANCY F COUNCILL 1.00 X 0 0 0 DOLAN HUBBARD 1.00 X 0 0 0 CHARLES G POTTS 1.00 X 0 0 0 BRYAN JORDAN 1.00 X 0 0 0 PATRICIA PROCTOR RENDLEMAN 1.00 X 0 0 0 ABBY KERR 1.00 X 0 0 0 RALPH A KETNER 1.00 X 0 0 0 JULIAN H ROBERTSON JR 1.00 X 0 0 0 LYNNE SCOTT SAFRIT 1.00 X 0 0 0 BARBARA MARSHALL 1.00 X 0 0 0 RICHARD J SEIWELL 1.00 X 0 0 0 WADE H SHUFORD JR 1.00 X 0 0 0 ROBERT P MCLEOD 1.00 X 0 0 0 RONALD L SMITH 1.00 X 0 0 0 DEBORAH W MESSINGER 1.00 X 0 0 0 TOM E SMITH 1.00 X 0 0 0 CA MICHAEL III 1.00 X 0 0 0 FRED J STANBACK JR 1.00 X 0 0 0 SAMUEL A PENNINGER JR 1.00 X 0 0 0 CHARLES TAYLOR 1.00 X 0 0 0 ROBERT WAGNER 1.00 X 0 0 0 MONA LISA WALLACE 1.00 X 0 0 0 MARTHA K WEST 1.00 X 0 0 0 SALLY WHITNEY 1.00 X 0 0 0 JAMES L WILLIAMSON 1.00 X 0 0 0 JAMES T BREWER 1.00 X 0 0 0 RICHARD A CHEEK 1.00 X 0 0 0 FRANCES HEDRICK JOHNSON 1.00 X 0 0 0 GLENN E KETNER 1.00 X 0 0 0 RICHARD G MCGIMSEY 1.00 X 0 0 0 MARY HENDERSON MESSINGER 1.00 X 0 0 0 J DONALD SCARLETT 1.00 X 0 0 0 JAMES G WHITTON 1.00 X 0 0 0 ARLEN G YOKLEY 1.00 X 0 0 0 DARLENE L BALL 1.00 X X 0 0 0 PAUL E FISHER 1.00 X X 0 0 0 WILLIAM M GRAHAM 1.00 X X 0 0 0 SHIRLEY P RITCHIE 1.00 X X 0 0 0 BARRY D LEONARD 1.00 X X 0 0 0 BRIEN LEWIS 40.00 X 178218 0 44555 MR CHARLES F WILLIAMS 40.00 X 119386 0 29845 DR JOSEPH OXEDINE 40.00 X 95357 0 2060 DR RICHARD STEPHENS 40.00 X 126470 0 31618 DR PAM THOMPSON 40.00 X 113993 0 28498 MIKE WILSON 40.00 X 110063 0 27516 MR TOM CHILDRESS 40.00 X 109636 0 27409 MS LOIS WILLIAMS 40.00 X 103111 0 25778 956234 0 217279 8 0 1 0 CHARTWELLS DINING SERVICES PO BOX 91337 CHICAGO IL 60693 DINING SERVICES 1728039 DATA NETWORK SOLUTIONS 629 LAKE TIDE DRIVE CHAPIN SC 29036 COMPUTER SOFTWARE 522223 GREENLAWN YARD SERVICE PO BOX 207 WOODLEAF NC 27054 LAWN SERVICES 209691 ELLUCIAN COMPANY LP 62578 COLLECTION CENTER DRIVE CHICAGO IL 60693 COMPUTER SUPPORT 193091 ELLUCIAN SUPPORT INC 14083 COLLECTION CENTER DRIVE CHICAGO IL 60693 COMPUTER CONSULTING 166351 10 121798 8834170 633389 8955968 TUITION AND FEES(NET) 900099 26951863 26951863 AUXILLARY INCOME 900099 6065509 6065509 ATHLETIC INCOME 900099 308110 308110 33325482 823509 823509 15465629 15061932 29033 403697 -29033 374664 374664 OTHER INCOME 900099 1036503 1036503 1036503 44516126 34361985 0 1198173 13605839 13605839 469421 93884 281653 93884 11566213 7286444 4015463 264306 2410495 1076753 1274540 59202 841171 564595 250499 26077 96998 76062 20936 1310598 1009058 279308 22232 643808 272867 364319 6622 1164602 672707 491895 2980719 1721746 1258973 CONTRACTED SERVICES 2896438 2285426 584500 26512 STUDENT ACTIVITIES 2012788 794412 1182483 35893 SUPPLIES 529586 272629 251849 5108 BAD DEBT EXPENSE 498000 498000 1078314 47663 1029887 764 42104990 30278085 11286305 540600 923920 702243 1620381 609550 756530 511758 2115727 908358 1000795 1000000 28109 73569 30039 156623 105306588 48593462 56248072 56713126 38266652 45697803 1377319 631128 7013131 7989809 109380675 114993967 1930531 1494239 267501 1932262 26271188 22769895 5391812 5360853 33861032 31557249 X 19724857 24125526 11847227 14560783 43947559 44750409 75519643 83436718 109380675 114993967 X 2411136 5201168 304771 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 42329 179 6442 712 48238 40975 1074 280 42329 31506 6128 5473 2132 40975 26266 2276 4258 1294 31506 33773 1138 -6775 1870 26266 0.11000 0.89000 0 0 2299723 2299723 75458276 35597422 39860854 27548589 12996040 14552549 56713126 BONDS 329373 F MUTUAL FUNDS 45094899 F CORPORATE STOCKS 273531 F 45697803 LOANS TO STUDENTS, NET 2982128 LOAN COSTS, NET 292358 BENEFICIAL INTERESTS IN TRUSTS 3946287 CASH SURRENDER VALUE OF LIFE INSURANCE 769036 7989809 US GOVT LOAN FUNDS REFUNDABLE 2616037 ANNUITY PAYMENT LIABILITY 652967 LIABILITY UNDER TRUST AGREEMENTS 538424 DEPOSITS HELD FOR OTHERS 169038 ASSET RETIREMENT OBLIGATION 1174430 CAPITAL LEASE OBLIGATIONS 209957 5360853 X 29214114 -14103839 -14103839 43317953 1198173 1198173 44516126 28001151 0 28001151 14103839 14103839 42104990 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: ENDOWMENT FUNDS ARE USED TO FURTHER THE HIGHER EDUCATION CAUSE. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: MANAGEMENT HAS EVALUATED THE EFFECT OF FASB GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE GUIDANCE CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS BY PRESCRIBING A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE COLLEGE'S POLICY IS TO RECORD A LIABILITY FOR ANY TAX POSITION TAKEN THAT IS BENEFICIAL TO THE COLLEGE, INCLUDING ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT THE POSITION TAKEN BY MANAGEMENT WITH RESPECT TO A TRANSACTION OR CLASS OF TRANSACTIONS WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT BELIEVES THERE ARE NO SUCH POSITIONS AS OF MAY 31, 2013 AND 2012 AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS SHOWN NET OF TUITION REVENUE -13,605,839. BAD DEBT SHOWN NET OF CONTRIBUTIONS ON FINANCIALS -498,000. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON SALE OF FIXED ASSETS -29,033. REALIZED GAIN ON INVESTMENTS 403,697. DIVIDEND AND INTEREST INCOME 823,509. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS SHOWN NET OF TUITION REVENUE 13,605,839. BAD DEBT SHOWN NET OF CONTRIBUTIONS ON FINANCIALS 498,000. 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 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). EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE 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 ACADEMIC COMPETITIVE GRANT 84.375 NATIONAL SMART GRANT 84.376 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 STATE CONTRACTUAL SCHOLARSHIP NORTH CAROLINA LEGISLATIVE TUITION GRANT NORTH CAROLINA TEACHER ASSISTANT SCHOLARSHIP NORTH CAROLINA PERSPECTIVE TEACHERS INCENTIVE GRANTS NORTH CAROLINA GENERAL ASSEMBLY: NORTH CAROLINA EDUCATION LOTTERY SCHOLARSHIP 1 SCHOLARSHIPS & TUITION DISCOUNTS 1231 13605839 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 178218 0 0 0 0 0 0 0 44555 0 222773 0 0 0 DR RICHARD STEPHENS 126470 0 0 0 0 0 0 0 31618 0 158088 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 $3,190 FOR MR. LEWIS'S COUNTRY CLUB DUES FOR 2012.THE CLUB IS USED FOR BUSINESS PURPOSES AND FUNDRAISING ACTIVITIES. PERSONAL USE IS DOCUMENTED AND INCLUDED IN HIS W-2. 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 22 633389 FAIR MARKET VALUE 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 MIKE BAUK, MEMBER OF THE BOARD, AND SHIRLEY RITCHIE, SECRETARY OF THE BOARD, ARE NEPHEW AND AUNT THROUGH MARRIAGE. JIM DAYVAULT AND RICHARD SEIWELL, BOTH MEMBERS OF THE BOARD, ARE BROTHERS-IN-LAW. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTERESTS 302,231. CHANGE IN SPLIT INTEREST AGREEMENTS 2,540. AUDIT COMMITTEE: PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 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