NORTH CAROLINA WESLEYAN UNIVERSITY: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- NORTH CAROLINA WESLEYAN UNIVERSITY (EIN 56-0686603)
- Tax period
- 2011-06-01 to 2012-05-31
- Filed
- 2013-01-15
- IRS object ID
- 201340159349300404
- Schema version
- 2011v1.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule I
- Schedule J
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-01-15T08:02:17-06:00 | Timestamp |
| Tax Period End Date | 2012-05-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 540504608 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BROWN EDWARDS & COMPANY LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 319 MCCLANAHAN ST | AddressLine1 |
| City | ROANOKE | City |
| State | VA | State |
| ZIP Code | 24014 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-06-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 560686603 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NORTH CAROLINA WESLEYAN COLLEGE INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | NORT | NameControl |
| Phone | 2529855100 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3400 NORTH WESLEYAN BLVD | AddressLine1 |
| City | ROCKY MOUNT | City |
| State | NC | State |
| ZIP Code | 278048699 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | LOREN W LOOMIS HUBBELL | Name |
| Title | VP OF FINANCE AND ADMIN | Title |
| Phone | 2529855100 | Phone |
| Date Signed | 2013-01-11 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MARK WOOLWINE | Name |
| PTIN | P00647446 | PTIN |
| Phone | 5403450936 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | LOREN W LOOMIS HUBBELL | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3400 N WESLEYAN BLVD | AddressLine1 |
| City | ROCKY MOUNT | City |
| State | NC | State |
| ZIP Code | 278048677 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 30538468 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.NCWC.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1956 | YearFormation |
| State Legal Domicile | NC | StateLegalDomicile |
| Activity Or Mission Description | TO PREPARE STUDENTS FOR PROFESSIONAL ADVANCEMENT, LIFE-LONG LEARNING, AND RESPONSIBLE PARTICIPATION IN THEIR COMMUNITIES. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 28 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 28 | NbrIndependentVotingMembers |
| Total Nbr Employees | 713 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 93942 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -39003 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 2531932 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 2729639 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 25616286 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 25938957 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 547709 | InvestmentIncomePriorYear |
| Investment Income Current Year | 913637 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 90607 | OtherRevenuePriorYear |
| Other Revenue Current Year | 93942 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 28786534 | TotalRevenuePriorYear |
| Total Revenue Current Year | 29676175 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 8504544 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 8188789 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 10811795 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 10488388 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 266149 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 10162750 | OtherExpensePriorYear |
| Other Expenses Current Year | 10340368 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 29479089 | TotalExpensesPriorYear |
| Total Expenses Current Year | 29017545 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -692555 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 658630 | RevenuesLessExpensesCY |
| Total Assets BOY | 39490831 | TotalAssetsBOY |
| Total Assets EOY | 41316945 | TotalAssetsEOY |
| Total Liabilities BOY | 7973810 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 9921447 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 31517021 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 31395498 | NetAssetsOrFundBalancesEOY |
| Mission Description | NORTH CAROLINA WESLEYAN COLLEGE, A PRIVATE INSTITUTION AFFILIATED WITH THE UNITED METHODIST CHURCH, PREPARES STUDENTS FOR PROFESSIONAL ADVANCEMENT, LIFE-LONG LEARNING, AND RESPONSIBLE PARTICIPATION IN THEIR COMMUNITIES. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 23376944 | Expense |
| Grants | 8188789 | Grants |
| Revenue | 26154647 | Revenue |
| Description | INSTRUCTIONAL SERVICES TO COLLEGE STUDENTS | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 602966 | Expense |
| Revenue | 182160 | Revenue |
| Description | PUBLIC SERVICE - OPERATED THE DUNN CENTER FOR THE PERFORMING ARTS, OPEN TO THE COMMUNITY AND EASTERN NORTH CAROLINA | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 23979910 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 1 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 1 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 57 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 713 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 28 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 28 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LOREN W LOOMIS HUBBELL | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 2529855100 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3400 N WESLEYAN BLVD | AddressLine1 |
| City | ROCKY MOUNT | City |
| State | NC | State |
| ZIP Code | 278048677 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (36 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| MR VINCENT C ANDRACCHIO II | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| MR THOMAS A BETTS JR | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| MS JUDITH K BOYD | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| MR DEWEY G CLARK | ||||||
| VICE CHAIR | 5.00 | X | 0 | 0 | 0 | |
| MRS JULIA CONGLETON-BRYANT | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| MS PHYLLIS S COWELL | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| DR DANIEL L CROCKER | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| MR JAMES R DICKENS SR | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| MR CHRISTOPHER S DAVIS | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| JUDGE ROBERT A EVANS | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| MR MICHAEL H HANCOCK | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| DR JOHN D HARTNESS | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| MRS VEL H JOHNSON | ||||||
| CHAIR | 5.00 | X | 0 | 0 | 0 | |
| MS NANCY B JONES | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| MR WILLIAM H KINCHELOE | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| MR WILL H LASSITER III | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| MR HOWARD N LEE | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| NANA A MAH'MOUD ESQ | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| MR JOSEPH H NELSON | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| MR LLOYD E NELSON | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| MR DAVID OETTINGER JR | ||||||
| SECRETARY | 5.00 | X | 0 | 0 | 0 | |
| MR MARVIN PITTMAN | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| DR WILLIAM B PITTMAN | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| MR MICHAEL J PRATT | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| MR A DONALD STALLINGS | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| MS DONNA F SYLVER | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| MR ROGER G TAYLOR | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| DR ROBERT E ZIPF JR | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| MR JAMES A GRAY III | ||||||
| PRESIDENT | 40.00 | 200004 | 0 | 24760 | X | |
| MRS LOREN W LOOMIS HUBBELL | ||||||
| VICE PRESIDENT - FINANCE | 40.00 | 119390 | 0 | 29458 | X | |
| MR CHRISTOPHER K NORMAN | ||||||
| VICE PRESIDENT - ADVANCEMENT | 40.00 | 118515 | 0 | 26073 | X | |
| MR WILLIAM ALLEN | ||||||
| VICE PRESIDENT - ENROLLMENT MANAGEMENT | 40.00 | 105608 | 0 | 19882 | X | |
| MR ROBERT J STUBBLEFIELD | ||||||
| VICE PRESIDENT - ACADEMIC AFFAIRS | 40.00 | 103123 | 0 | 30342 | X | |
| MR RANDOLPH WILLIAMS | ||||||
| VICE PRESIDENT - STUDENT AFFAIRS | 40.00 | 89618 | 0 | 31399 | X | |
| MR JOHN M THOMPSON | ||||||
| VICE PRESIDENT - ATHLETICS | 40.00 | 64494 | 0 | 24347 | X | |
| MR EVAN D DUFF | ||||||
| VICE PRESIDNET - ADULT EDUCATION | 40.00 | 85150 | 0 | 21654 | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 885902 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 207915 | TotalOtherCompensation |
| Number Individuals GT100 K | 5 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| SODEXO INC & AFFILIATES | |||||
| 3400 N WESLEYAN BLVD | ROCKY MOUNT | NC | 27804 | FOOD SERVICE AND MAINTENANCE | 2388360 |
| DUKE REALTY LP | |||||
| 75 REMITTANCE DRIVE SUITE 3205 | CHICAGO | IL | 606753205 | RENT | 557542 |
| CHAMBLISS & RABIL CONTRACTORS INC | |||||
| SUITE 10 STATION SQUARE | ROCKY MOUNT | NC | 27804 | CONTRACTOR | 330340 |
| MBS DIRECT LLC | |||||
| 2711 WEST ASH | COLUMBIA | MO | 65203 | TEXTBOOKS | 224926 |
| SECURITAS SECURITY SERVICES USA INC | |||||
| 1000 SOUTH HILL DRIVE | CARY | NC | 27513 | SECURITY SERVICES | 171711 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 10 | NumberOfContractorsGT100K |
| Government Grants | 1376723 | GovernmentGrants |
| All Other Contributions | 1352916 | AllOtherContributions |
| Noncash Contributions | 186335 | NoncashContributions |
| Total Contributions | 2729639 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION AND FEES | 611310 | 20976647 | 20976647 |
| AUXILIARY ENTERPRISES | 611710 | 3924143 | 3924143 |
| OTHER SOURCES | 611710 | 1038167 | 1038167 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 25938957 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 457880 | TotalRevenueColumn |
| Exclusion | $457,880 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 93389 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 0 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 93389 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 93389 | TotalRevenueColumn |
| Unrelated Business Revenue | 93389 | UnrelatedBusinessRevenue |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 898191 | Securities |
| Other | 419859 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 840284 | Securities |
| Other | 22009 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 57907 | Securities |
| Other | 397850 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 455757 | TotalRevenueColumn |
| Related Or Exempt Function Income | 397850 | RelatedOrExemptFunctionIncome |
| Exclusion | $57,907 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | CENTER FOR THE PERFORM | Description |
| Business Code | 711300 | BusinessCode |
| Total Revenue Column | 553 | TotalRevenueColumn |
| Unrelated Business Revenue | 553 | UnrelatedBusinessRevenue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 553 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 29676175 | TotalRevenueColumn |
| Related Or Exempt Function Income | 26336807 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 93942 | UnrelatedBusinessRevenue |
| Exclusion | $515,787 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8188789 | Total |
| Program Services | 8188789 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1091253 | Total |
| Program Services | 626591 | ProgramServices |
| Management And General | 380013 | ManagementAndGeneral |
| Fundraising | 84649 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7411296 | Total |
| Program Services | 6597952 | ProgramServices |
| Management And General | 665219 | ManagementAndGeneral |
| Fundraising | 148125 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 294790 | Total |
| Program Services | 228976 | ProgramServices |
| Management And General | 65814 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1121672 | Total |
| Program Services | 854846 | ProgramServices |
| Management And General | 266826 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 569377 | Total |
| Program Services | 442688 | ProgramServices |
| Management And General | 126689 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 108289 | Total |
| Management And General | 108289 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14187 | Total |
| Management And General | 14187 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 312152 | Total |
| Program Services | 171501 | ProgramServices |
| Management And General | 139714 | ManagementAndGeneral |
| Fundraising | 937 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 248904 | Total |
| Program Services | 248101 | ProgramServices |
| Management And General | 803 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 249345 | Total |
| Program Services | 239828 | ProgramServices |
| Management And General | 8304 | ManagementAndGeneral |
| Fundraising | 1213 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 375 | Total |
| Management And General | 375 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2657161 | Total |
| Program Services | 2454081 | ProgramServices |
| Management And General | 203080 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 489517 | Total |
| Program Services | 448174 | ProgramServices |
| Management And General | 39878 | ManagementAndGeneral |
| Fundraising | 1465 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 132315 | Total |
| Program Services | 96590 | ProgramServices |
| Management And General | 35725 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1307480 | Total |
| Program Services | 997186 | ProgramServices |
| Management And General | 310294 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 209546 | Total |
| Program Services | 96482 | ProgramServices |
| Management And General | 113064 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| OTHER EXPENSES | 1482962 | 640908 | 814284 | 27770 |
| FOOD SERVICES | 876726 | 876726 | ||
| BAD DEBT EXPENSE | 491839 | 491839 | ||
| BAD DEBT RESERVE | 450000 | 450000 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1309570 | Total |
| Program Services | 770491 | ProgramServices |
| Management And General | 537089 | ManagementAndGeneral |
| Fundraising | 1990 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 29017545 | Total |
| Program Services | 23979910 | ProgramServices |
| Management And General | 4771486 | ManagementAndGeneral |
| Fundraising | 266149 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21883 | BOY |
| EOY | 408961 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1546346 | BOY |
| EOY | 1525747 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 907136 | BOY |
| EOY | 1588082 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1552960 | BOY |
| EOY | 1240741 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1033669 | BOY |
| EOY | 1012617 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 167346 | BOY |
| EOY | 116776 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 224608 | BOY |
| EOY | 213235 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 44363461 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 17516742 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 24958408 | BOY |
| EOY | 26846719 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8403073 | BOY |
| EOY | 7641696 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 39000 | BOY |
| EOY | 39000 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 636402 | BOY |
| EOY | 683371 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 39490831 | BOY |
| EOY | 41316945 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2594148 | BOY |
| EOY | 2501647 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 135666 | BOY |
| EOY | 425389 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3705000 | BOY |
| EOY | 3240000 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 976186 | BOY |
| EOY | 3195624 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 562810 | BOY |
| EOY | 558787 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7973810 | BOY |
| EOY | 9921447 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22386707 | BOY |
| EOY | 22568413 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3522234 | BOY |
| EOY | 2889426 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5608080 | BOY |
| EOY | 5937659 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 31517021 | BOY |
| EOY | 31395498 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 39490831 | BOY |
| EOY | 41316945 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 658630 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -780153 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Art Public Exhibition Amts ArtPublicExhibitionAmts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets In Part X | 371595 | AssetsInPartX |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Preservation | X | CollectUsedForPreservation |
| Solicited Assets For Sale | 0 | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 9990617 | BeginningOfYearBalance |
| Contributions | 225949 | Contributions |
| Investment Earnings Or Losses | -325600 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 587152 | GrantsOrScholarships |
| Administrative Expenses | -6837 | AdministrativeExpenses |
| End Of Year Balance | 9310651 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 8885832 | BeginningOfYearBalance |
| Contributions | 100840 | Contributions |
| Investment Earnings Or Losses | 1444180 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 473886 | GrantsOrScholarships |
| Administrative Expenses | -33651 | AdministrativeExpenses |
| End Of Year Balance | 9990617 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 7451953 | BeginningOfYearBalance |
| Contributions | 266273 | Contributions |
| Investment Earnings Or Losses | 1148916 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 257029 | GrantsOrScholarships |
| Administrative Expenses | -275719 | AdministrativeExpenses |
| End Of Year Balance | 8885832 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 9019106 | BeginningOfYearBalance |
| Contributions | 558081 | Contributions |
| Investment Earnings Or Losses | -1593497 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 359742 | GrantsOrScholarships |
| Administrative Expenses | 171995 | AdministrativeExpenses |
| End Of Year Balance | 7451953 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.16370 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.63770 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.19860 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 1 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 191448 | OtherCostOrOtherBasis |
| Book Value | 191448 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 26849984 | OtherCostOrOtherBasis |
| Depreciation | 5948666 | Depreciation |
| Book Value | 20901318 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 11345947 | OtherCostOrOtherBasis |
| Depreciation | 7896642 | Depreciation |
| Book Value | 3449305 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5976082 | OtherCostOrOtherBasis |
| Depreciation | 3671434 | Depreciation |
| Book Value | 2304648 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 26846719 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| U.S. GOVERNMENT FUNDS | $495,818 |
| AGENCY FUNDS | $62,969 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 558787 | TotalOfAmounts |
| Total Revenue | 29676175 | TotalRevenue |
| Total Expenses | 29017545 | TotalExpenses |
| Excess Or Deficit For Year | 658630 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -780153 | NetUnrealizedGLOnInvestments |
| Total Adjustments | -780153 | TotalAdjustments |
| Excess Or Deficit Per FS | -121523 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 20693046 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -780153 | NetUnrealizedGainsInvestments |
| Revenue Not Rptd F990 | -780153 | RevenueNotRptdF990 |
| Revenue Subtotal | 21473199 | RevenueSubtotal |
| Investment Expenses Not Included | 14187 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | 8188789 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 8202976 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 29676175 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 20814569 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 20814569 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 14187 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 8188789 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 8202976 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 29017545 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (5 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART III, LINE 4: | NORTH CAROLINA WESLEYAN COLLEGE 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 COLLEGE CAMPUS. THE BRASWELL MEMORIAL LIBRARY COLLECTION IS LOCATED IN THE ROCKY MOUNT PUBLIC LIBRARY. THE GALLERIES ARE OPEN TO THE PUBLIC AND EXHIBIT PORFESSIONAL ART FROM AROUND THE WORLD, AROUND THE STATE, AND FROM WITHIN OUR OWN EASTERN CAROLINA COMMUNITY. THE COLLEGE STRIVES FOR INCLUSION AND QUALITY AND TO SERVE A DIVERSE COMMUNITY. | |
| PART V, LINE 4: | THE COLLEGE'S ENDOWMENT IS MADE UP PRIMARILY OF ENDOWED SCHOLARSHIPS, DESIGNATED ENDOWMENTS AND GENERAL ENDOWMENTS ESTABLISHED FOR GENERAL COLLEGE SUPPORT PURPOSES USING DONOR-RESTRICTED GIFTS. | DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: |
| PART X: | AS OF MAY 31, 2012 AND 2011, AND FOR THE YEARS THEN ENDED, THERE ARE NO MATERIAL UNRECOGNIZED/DERECOGNIZED TAX BENEFITS OR TAX PENALTIES OR INTEREST. WITH FEW EXCEPTIONS, THE COLLEGE IS NO LONGER SUBJECT TO U.S. FEDERAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2008 AND NORTH CAROLINA INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2005. | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: |
| SCHOLARSHIP ALLOWANCES 8,188,789. | PART XII, LINE 4B - OTHER ADJUSTMENTS: | |
| SCHOLARSHIP ALLOWANCES 8,188,789. | PART XIII, LINE 4B - OTHER ADJUSTMENTS: |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION | SCHEDULE E, PART I, LINE 3 | THE COLLEGE'S NON-DISCRIMINATION POLICY IS ON THE WEBSITE, IN ADMISSIONS' PRINTED MATERIALS, IN ADVERTISEMENTS FOR ADMISSIONS' OPEN HOUSES (NEWSPAPERS) AND IN ALL EMPLOYMENT ADVERTISING. |
| EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE | SCHEDULE E, PART I, LINE 6 | THE COLLEGE RECEIVED FEDERAL AND STATE GRANTS IN THE AMOUNT OF $1,376,723. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII (4 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant | Method Of ValuationMethodOfValuation | Description Of Non Cash AssistanceDescriptionOfNonCashAssistance |
|---|---|---|---|---|
| ENDOWED SCHOLARSHIPS | 133 | 565289 | FMV | N/A |
| SCSF | 228 | 1136729 | FMV | N/A |
| SEOG | 58 | 124131 | FMV | N/A |
| GENERAL SCHOLARSHIPS | 491 | 6362640 | FMV | N/A |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, 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. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | MR JAMES A GRAY III | NamePerson |
| Base Compensation Filing Org | 185134 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 650 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 14220 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 9895 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 14865 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 224764 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | PART I, LINE 1A | ReturnReference |
| Explanation | THE COLLEGE PROVIDES A RESIDENCE AND PAYS COMPENSATION TO THE PRESIDENT OF THE COLLEGE. THE RESIDENCE IS ON CAMPUS AND THE PRESIDENT IS REQUIRED TO LIVE AT THE RESIDENCE. | Explanation |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV (3 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| DANIEL L CROCKER | |||
| TRUSTEE | 15000 | STUDENT HEALTH SERVICES | 0 |
| JAMES R DICKENS | |||
| TRUSTEE | 2310 | PRINTING SERVICES | 0 |
| ROGER G TAYLOR | |||
| TRUSTEE | THE COLLEGE PURCHASES INSURANCE THROUGH THE TRUSTEE WHO IS AN INSURANCE AGENT. THE COLLEGE DOES NOT KNOW THE AMOUNT OF COMMISSION MR. TAYLOR RECEIVES. | 0 | |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 1000 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | DONOR VALUE | MethodOfDeterminingRevenues |
Books And Publications BooksAndPublications
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Noncash Contribs Rptd F990 | 300 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | DONOR VALUE | MethodOfDeterminingRevenues |
Clothing And Household Goods ClothingAndHouseholdGoods
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Noncash Contribs Rptd F990 | 1630 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | DONOR VALUE | MethodOfDeterminingRevenues |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 13 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 166940 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | NYSE VALUE-TRANSFER DATE | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable (3 entries)
| Non Cash CheckboxNonCashCheckbox | DescriptionDescription | Number Of ContributionsNumberOfContributions | Noncash Contribs Rptd F990NoncashContribsRptdF990 | Method Of Determining RevenuesMethodOfDeterminingRevenues |
|---|---|---|---|---|
| X | HOSPITALITY | 10 | 4054 | DONOR VALUE |
| X | OTHER | 19 | 10153 | DONOR VALUE |
| X | ATHLETIC SUPPLIES | 6 | 2258 | DONOR VALUE |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | 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 COLLEGE WILL MONITOR THE POLICY FOR ANNUAL DISCLOSURE AND INVESTIGATE NON-REPORTING. THE COLLEGE 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 DAYES. THE COLLEGE 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 XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -780,153. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| FORM 990, PART XII, LINE 2C | THE AUDIT COMMITTEE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |