2013-12-18T12:01:45-06:00 2013-05-31 420714325 MCGLADREY LLP 111 ROUNDABOUT COURT ROCKY MOUNT NC 27804 990 2012-06-01 560554199 CHOWAN UNIVERSITY CHOW 2523986500 ONE UNIVERSITY PLACE MURFREESBORO NC 27855 DONNIE CLARY 2523986500 2013-12-16 1 JAMES W MATTHEWS JR P00173928 2524460111 2012 2016-03-07 17:11:31Z M CHRISTOPHER WHITE ONE UNIVERSITY PLACE MURFREESBORO NC 27855 42103315 0 X WWW.CHOWAN.EDU X 1849 NC PRIVATE HIGHER EDUCATIONAL INSTITUTION 40 39 819 5 3668 0 3192914 2176892 31947508 34000887 651265 660697 270882 330677 36062569 37169153 10593488 11272320 0 0 10821233 11864724 0 0 569365 9128478 10114177 30543199 33251221 5519370 3917932 51689534 56997387 6582209 5729930 45107325 51267457 X CHOWAN UNIVERSITY IS A COMPREHENSIVE COEDUCATIONAL INSTITUTION COMMITTED TO EXCELLENCE IN TEACHING, LEARNING, SCHOLARLY INQUIRY, AND SERVICE. THE UNIVERSITY PROVIDES THE ENVIRONMENT FOR STUDENTS TO BECOME LEARNERS WHO POSSESS THE SKILLS, KNOWLEDGE, CREATIVITY, AND ETHICAL VALUES NECESSARY TO SURVIVE AND FLOURISH IN A RAPIDLY-CHANGING, CULTURALLY DIVERSE, GLOBAL SOCIETY. CHOWAN UNIVERSITY, AS A CHURCH-RELATED INSTITUTION, WAS FOUNDED UPON AND IS DEDICATED TO JUDEO-CHRISTIAN VALUES. CONSISTENT WITH THIS HERITAGE, THE UNIVERSITY IS GUIDED BY THE HISTORIC PRINCIPLES OF RELIGIOUS AND INTELLECTUAL FREEDOM-ACADEMIC EXCELLENCE, THE DIGNITY AND WORTH OF EACH INDIVIDUAL, AN ATMOSPHERE OF OPEN DIALOGUE, FREEDOM OF INQUIRY AND EXPRESSION, AND A MORAL COMMITMENT TO THE PURSUIT OF TRUTH. 0 0 28496705 11272320 34299246 AN EDUCATIONAL INSTITUTION PROVIDING UNDERGRADUATE CURRICULUM AT THE COLLEGE LEVEL. OTHER EXPENSES ARE FOR STUDENT ROOM & BOARD AND ATHLETIC AND CULTURAL EVENTS. 28496705 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 1 34 0 1 819 1 1 1 0 0 0 0 0 0 0 0 0 X 40 39 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 1 0 X X DONNIE CLARY 2523986250 ONE UNIVERSITY PLACE MURFREESBORO NC 27855 KEMPER W BAKER 1.00 X 0 0 0 LYNETTE BUNCH 1.00 X 0 0 0 RAY FELTON 1.00 X 0 0 0 RAYMOND E MEIGGS 1.00 X 0 0 0 CHARLES B POND III 1.00 X 0 0 0 ELAINE E MYERS 1.00 X 0 0 0 HARVEY W REINHARDT 1.00 X 0 0 0 W FRANK ROSE JR 1.00 X X 0 0 0 HUGH C VINCENT JR 1.00 X 0 0 0 AUSTINE O EVANS 1.00 X 0 0 0 BYNUM R BROWN 1.00 X 0 0 0 MARY ANNE CROOM 1.00 X 0 0 0 JEWELL FAYE GLOVER 1.00 X 0 0 0 W STEVE HAUSER 1.00 X 0 0 0 LAWRENCE P HOLLISTER 1.00 X 0 0 0 JAMES W MASON 1.00 X 0 0 0 JESSE E VAUGHAN 1.00 X 0 0 0 GARRY WHITAKER 1.00 X 0 0 0 RICHARD S WINSTEAD 1.00 X 0 0 0 E PRESTON GRISSOM 1.00 X X 0 0 0 CECIL S HOLLOMON JR 1.00 X 0 0 0 JULIAN R MILLS SR 1.00 X 0 0 0 BARRY E WHITAKER 1.00 X 0 0 0 STANLEY E DIXON JR 1.00 X 0 0 0 BURKE E HOLLAND 1.00 X 0 0 0 MILEY W BUCKY GLOVER 1.00 X 0 0 0 JANE E NEWSOME 1.00 X 0 0 0 BETTY R DUKE 1.00 X 0 0 0 WJ BILL LITTLE JR 1.00 X 0 0 0 C PRESTON MCELHENEY III 1.00 X 0 0 0 DEBORAH B VINSON 1.00 X 0 0 0 RAYMOND LEE RICHARDS 1.00 X 0 0 0 LINDA B WEAVER 1.00 X 0 0 0 HOWARD J HUNTER III 1.00 X 0 0 0 SARAH VIRGINIA PARKER 1.00 X 0 0 0 RONALD L HICKS 1.00 X 0 0 0 WAYNE HILL 1.00 X 0 0 0 SHIRLEY B BROWN 1.00 X 0 0 0 LLOYD L HILL 1.00 X 0 0 0 ANTHONY M RAWLINGS 1.00 X 0 0 0 DONNIE CLARY 50.00 X 176896 0 17956 CHARLES REVELL 5.00 X 33868 0 0 DANNY B MOORE 50.00 X 137850 0 8780 JOHN M TAYLOE 50.00 X 73047 0 13145 M CHRISTOPHER WHITE 40.00 X 298600 0 43806 720261 0 83687 3 0 1 0 DAVID DRYE CONTRUCTION COMPANY 175 DAVIDSON HWY CONCORD NC 28027 STUDENT HOUSING CONSTRUCTION 2106312 PIONEER SCHOOL CATERERS INC 303 GLENROSE AVENUE NASHVILLE TN 37210 FOOD SERVICE 1867115 ROSE BROTHERS PAVING CO INC PO BOX 806 AHOSKIE NC 27910 PAVING 543795 NEW REACH MEDIA 16607 BLANCO RD SUITE 12202 SAN ANTONIO TX 78232 ADMISSION NAME SEARCHES 469785 ARAMARK SERVICE MASTER 24818 NETWORK PLACE CHICAGO IL 60673 HOUSEKEEPING 469318 17 986378 1190514 27374 2176892 STUDENT TUITION AND FE 611310 26222341 26222341 AUXILIARY ENTERPRI 611310 7778546 7778546 34000887 637427 637427 28650 0 28650 28650 28650 4957432 4808047 126115 149385 -126115 23270 23270 DUES 713940 3668 3668 298359 298359 302027 37169153 34299246 3668 689347 11272320 11272320 803948 803948 9216815 7746236 1121946 348633 397526 307295 76401 13830 729876 610755 96296 22825 716559 553913 137716 24930 52457 52457 76750 76750 107172 107172 215459 89657 75840 49962 10957 718 1576 8663 534975 497336 32476 5163 848543 848543 486210 436037 34701 15472 35644 35644 51152 47275 3877 2057793 1901812 155981 351869 88553 263316 FOOD SERVICES 1881633 1858436 2552 20645 PLANT OPERATIONS 1736780 1609869 126911 REPAIRS & MAINTENANCE 985737 692335 293402 INTERNAL SERVICES 550624 513871 -10300 47053 130422 -578256 696489 12189 33251221 28496705 4185151 569365 1126633 661540 4961197 5307049 195908 39069 314199 506554 492557 504444 21304 14252 106303 112055 53062950 28370726 22013045 24692224 19271442 21175506 2330664 2697309 856282 1287385 51689534 56997387 2037195 1874713 366089 287719 3520000 2920000 658925 647498 6582209 5729930 X 22777191 26959585 2541391 3748241 19788743 20559631 45107325 51267457 51689534 56997387 X 3917932 1941886 300314 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14585 275380 X X 0 21629445 391254 2832509 960000 23893208 23628732 479748 -1434035 1045000 21629445 20678348 330502 3543882 924000 23628732 18099854 317086 2341809 80401 20678348 21801407 431675 -4133228 18099854 0.00000 0.86000 0.14000 1 0 2105921 2105921 31286421 13749957 17536464 12602770 10170242 2432528 7067838 4450527 2617311 24692224 FEDERAL CAPITAL CONTRIBUTIONS 647498 647498 X 28031861 1941886 300314 2242200 25789661 107172 11272320 11379492 37169153 21871729 0 21871729 107172 11272320 11379492 33251221 PART III, LINE 4: VARIOUS PAINTINGS AND FURNITURE FOR PUBLIC EXHIBITION AND PRESERVATION FOR FUTURE GENERATIONS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE UNIVERSITY HAS A TAX DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE STATING THAT IT QUALIFIES UNDER THE PROVISION OF THE APPLICABLE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. MANAGEMENT EVALUATED THE UNIVERSITYS TAX POSITIONS AND CONCLUDED THAT THE UNIVERSITY HAD TAKEN NO UNCERTAIN TAX PROVISIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THE FINANCIAL ACCOUNTING STANDARD BOARDS (FASB) GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. WITH FEW EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2009. PART V - LINE 4 - EARNINGS FROM ENDOWMENT FUNDS ARE AVAILABLE FOR THE PURPOSE SPECIFIED IN THE DONOR'S ENDOWMENT AGREEMENT, PRIMARILY SCHOLARSHIP ALLOWANCES TO STUDENTS. PART XI - LINE 2D - CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS PARTS XI AND XII, LINE 4B - SCHOLARSHIP ALLOWANCES TO STUDENTS 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 CHOWAN UNIVERSITY RECEIVES FEDERAL AND STATE GRANTS FOR STUDENT SCHOLARSHIP ASSISTANCE. 1 INSTITUTIONAL SCHOLARSHIPS 1248 11116541 FMV FEDERAL & STATE GRANTS 1248 155779 FMV PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: STUDENTS ARE REQUIRED TO COMPLETE A FAFSA. ELIGIBILITY FOR SCHOLARSHIPS IS DETERMINED BY THE APPLICABLE FEDERAL AND STATE GUIDELINES, BY THEIR ACADEMIC CREDENTIALS, AND FINANCIAL NEED. STUDENTS ARE APPROPRIATELY AWARDED SCHOLARSHIPS IN THE FINANCIAL AID OFFICE AND THE AWARDS ARE TRANSFERRED TO THE STUDENTS' ACCOUNTS IN THE BUSINESS OFFICE. ALL SCHOLARSHIP AND GRANT FUNDS ARE RECONCILED EACH SEMESTER AND REPORTED TO THE APPROPRIATE AUTHORITIES OR AGENCIES. FUNDS ARE ALSO AUDITED ANNUALLY. X 1 1 X X X 0 0 0 0 0 0 0 0 0 DONNIE CLARY 176896 0 0 0 0 0 8937 0 9019 0 194852 0 0 0 M CHRISTOPHER WHITE 298600 0 0 0 0 0 12500 0 31306 0 342406 0 0 0 PART I, LINE 1A THE UNIVERSITY PROVIDES A HOUSE FOR ITS PRESIDENT AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE UNIVERSITY. ACCORDINGLY, SUCH LODGING IS NOT INCLUDED IN TAXABLE INCOME. ROSE BROTHERS PAVING CO INC COMPANY UNDER OWNERSHIP OF OFFICER AND TRUSTEE 543795 PAVING OF VARIOUS CONSTRUCTION SITES 0 X 114 14585 ESTIMATED VALUE X 2610 ESTIMATED VALUE X 1891 SALES PRICES X SUPPLIES AND OTHER 16 8288 ESTIMATED VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 TRUSTEES BARRY E. WHITAKER AND GARRY WHITAKER - FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 WAS PROVIDED TO THE MEMBERS OF THE BUSINESS AFFAIRS COMMITTEE OF THE BOARD OF TRUSTEES FOR THEIR REVIEW AND COMMENT BEFORE FINALIZING THE RETURN. THE FINALIZED COPY OF THE FORM 990, EXCLUDING SCHEDULE B, WAS MADE AVAILABLE TO THE FULL BOARD OF TRUSTEES THROUGH EMAIL, HARD COPY, OR POSTING ON THE UNIVERSITY WEBSITE RESTRICTED TO TRUSTEE USE. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY DISTRIBUTES A COPY OF THE CONFLICT OF INTEREST POLICY, AS STATED IN THE UNIVERSITY'S BYLAWS, TO THE BOARD OF TRUSTEES AND ADMINISTRATIVE OFFICERS. THE TRUSTEES ARE ASKED ANNUALLY TO SIGN A FORM CONFIRMING THAT THEY HAVE READ AND UNDERSTAND THE UNIVERSITY'S CONFLICT OF INTEREST POLICY AND AGREE TO DISCLOSE ANY ACTIVITIES, INTERESTS OR RELATIONSHIPS THAT MAY CREATE A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES IS PROVIDED A COPY OF A REPORT FROM THE NORTH CAROLINA INDEPENDENT COLLEGES & UNIVERSITIES WHICH LIST THE SALARY AND BENEFITS OF THE PRESIDENTS AND CHIEF ADMINISTRATIVE STAFF POSITIONS AT THE 36 INDEPENDENT COLLEGES IN NORTH CAROLINA. THIS INFORMATION IS REVIEWED AND DISCUSSED AMONG THE COMMITTEE MEMBERS AND A RECOMMENDATION IS THEN MADE FOR THE FULL BOARD OF TRUSTEE'S APPROVAL REGARDING OF THE PRESIDENT'S SALARY. THE EXECUTIVE COMMITTEE ALSO CONDUCTS AN ANNUAL EVALUATION OF THE PRESIDENT. THE PRESIDENT PROVIDES THE COMPARATIVE SALARY INFORMATION PREVIOUSLY REFERENCED ALONG WITH HIS SALARY RECOMMENDATIONS FOR SENIOR STAFF TO THE EXECUTIVE COMMITTEE FOR APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 REQUESTS MADE IN PERSON WILL BE MADE AVAILABLE WITHIN FIVE BUSINESS DAYS. REQUESTS MADE IN WRITING WILL BE MADE AVAILABLE WITHIN 30 DAYS. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 300,314. FORM 990 PART XII LINE 2C THE BUSINESS AFFAIRS COMMITTEE ASSUMES REPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE UNIVERSITY'S FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.