MARS HILL UNIVERSITY: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- MARS HILL UNIVERSITY (EIN 56-0554207)
- Tax period
- 2010-06-01 to 2011-05-31
- Filed
- 2012-04-16
- IRS object ID
- 201201079349300205
- Schema version
- 2010v3.4
- 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 F
- Schedule I
- Schedule J
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-04-16T09:05:55-05:00 | Timestamp |
| Tax Period End Date | 2011-05-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHERRY BEKAERT & HOLLAND LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1111 METROPOLITAN AVENUE SUITE 1000 | AddressLine1 |
| City | CHARLOTTE | City |
| State | NC | State |
| ZIP Code | 28204 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-06-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 560554207 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARS HILL COLLEGE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | MARS | NameControl |
| Phone | 8286891111 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 370 | AddressLine1 |
| City | MARS HILL | City |
| State | NC | State |
| ZIP Code | 28754 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | NEIL TILLEY | Name |
| Title | CFO | Title |
| Phone | 8286891100 | Phone |
| Date Signed | 2012-04-12 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JANICE A RATICA | Name |
| Phone | 7043771678 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | DAN LUNSFORD | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 370 | AddressLine1 |
| City | MARS HILL | City |
| State | NC | State |
| ZIP Code | 28754 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 37871048 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.MHC.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1892 | YearFormation |
| State Legal Domicile | NC | StateLegalDomicile |
| Activity Or Mission Description | THE ORGANIZATION IS A PRIVATE LIBERAL ARTS COLLEGE OFFERING PROGRAMS LEADING TO FIVE DEGREES: BACHELOR OF ARTS, SCIENCE, MUSIC, SOCIAL WORK AND FINE ARTS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 38 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 38 | NbrIndependentVotingMembers |
| Total Nbr Employees | 988 | TotalNbrEmployees |
| Total Nbr Volunteers | 38 | TotalNbrVolunteers |
| Total Gross UBI | -897 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -897 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 6048509 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 5585361 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 28802448 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 29491850 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 214795 | InvestmentIncomePriorYear |
| Investment Income Current Year | 544244 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 1125606 | OtherRevenuePriorYear |
| Other Revenue Current Year | 1875373 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 36191358 | TotalRevenuePriorYear |
| Total Revenue Current Year | 37496828 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 10768594 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 11648787 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 12701984 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 11346035 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 891630 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 12184008 | OtherExpensePriorYear |
| Other Expenses Current Year | 14623658 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 35654586 | TotalExpensesPriorYear |
| Total Expenses Current Year | 37618480 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 536772 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -121652 | RevenuesLessExpensesCY |
| Total Assets BOY | 98604602 | TotalAssetsBOY |
| Total Assets EOY | 105211599 | TotalAssetsEOY |
| Total Liabilities BOY | 37410730 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 35699772 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 61193872 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 69511827 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | MARS HILL COLLEGE, AN ACADEMIC COMMUNITY ROOTED IN THE CHRISTIAN FAITH, CHALLENGES AND EQUIPS STUDENTS TO PURSUE INTELLECTUAL, SPIRITUAL, AND PERSONAL GROWTH THAT IS: GROUNDED IN A RIGOROUS STUDY OF THE LIBERAL ARTS, CONNECTED WITH THE WORLD OF WORK, AND COMMITTED TO CHARACTER DEVELOPMENT, TO SERVICE, AND TO RESPONSIBLE CITIZENSHIP IN THE COMMUNITY, THE REGION, AND THE WORLD. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 30882260 | Expense |
| Grants | 11648747 | Grants |
| Revenue | 22044949 | Revenue |
| Description | INSTRUCTION-PRIVATE LIBERAL ARTS COLLEGE OFFERING PROGRAMS LEADING TO FIVE DEGREES: BACHELOR OF ARTS, SCIENCE, MUSIC, SOCIAL WORK, AND FINE ARTS. APPROXIMATELY 1,200 STUDENTS BENEFITED. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 589558 | Expense |
| Description | PUBLIC SERVICE-ACTIVITIES ESTABLISHED PRIMARILY TO PROVIDE NON-INSTRUCTIONAL SERVICES TO GROUPS EXTERNAL TO THE COLLEGE. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 835700 | Expense |
| Revenue | 8636062 | Revenue |
| Description | ACADEMIC SUPPORT-SERVICES THAT ARE AN INTEGRAL PART OF THE COLLEGE'S PRIMARY MISSION OF EDUCATION. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 32307518 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | 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 | 0 | 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 | 54 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 988 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 1 | ForeignFinancialAccount |
| Name Of Foreign Country | CJ | NameOfForeignCountry |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| 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 | 38 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 38 | 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 |
| States Where Copy Of Return Is Filed | NC | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | R NEIL TILLEY CPA | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 8286891100 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 ATHLETIC STREET | AddressLine1 |
| City | MARS HILL | City |
| State | NC | State |
| ZIP Code | 28754 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (41 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| MICHAEL V GROCE | |||||||
| CHAIR | 1.00 | X | X | 0 | 0 | 0 | |
| J DIXON FREE | |||||||
| VICE CHAIR | 1.00 | X | X | 0 | 0 | 0 | |
| CHERYL B PAPPAS | |||||||
| SECRETARY | 1.00 | X | X | 0 | 0 | 0 | |
| JOHN S AYERS JR | |||||||
| TREASURER | 1.00 | X | X | 0 | 0 | 0 | |
| JUSTUS M AMMONS | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| RONALD O BROWN | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| JERRY H CATES | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| CORBIN L COOPER | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| TROY L DAY | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| PAUL P GREEN | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| EUGENE HOLDWAY | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| R LEO JAMES | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| JOANNE W ALEXANDER | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| PAULINE R BETHEA | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| BRUCE W BOYLES JR | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MAX E BURGIN | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| M KYLE CARVER | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| DANIEL G CHRISTIAN | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| BRENT B KINCAID | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| W HAROLD NEWMAN | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| JOYCE SCHLAPKOHL | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| BONNIE W ADAMS | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| FRED N DAY IV | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| ARLO JENNINGS | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| RONALD F MARTIN | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| ROBERT L MERRILL | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| JOEL L NEWSOME JR | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MARK CABANISS | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| WILL DAVIS | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| SALLY P DUYCK | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| CAROLYN H FERGUSON | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| WAYNE HIGGINS | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| ROGER H JACKSON | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| F TIMOTHY MOORE | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| BRENDA G NASH | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| KAREN M SMITH | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| J KENNETH SANFORD | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| B JANE WINN | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| DR DAN LUNSFORD | |||||||
| PRESIDENT | 40.00 | X | 156986 | 0 | 9475 | ||
| NEIL TILLEY | |||||||
| CFO | 40.00 | X | 86827 | 0 | 7490 | ||
| JOHN W WELLS | |||||||
| EXECUTIVE VICE PRESIDENT | 40.00 | 114700 | 0 | 8330 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 358513 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 25295 | TotalOtherCompensation |
| Number Individuals GT100 K | 2 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (4 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| CHARTWELLS | |||||
| PO BOX 91337 | CHICAGO | IL | 60693 | FOOD SERVICES | 1838808 |
| JE GREEN COMPANY | |||||
| 303 E MARKET STREET | JOHNSON CITY | TN | 37601 | CONSTRUCTION | 248238 |
| SCOTT INSURANCE | |||||
| 6135 PARK SOUTH DR SUITE 100 | CHARLOTTE | NC | 28210 | INSURANCE SERVICES | 120341 |
| YOUNG TRANSPORTATION | |||||
| 843 RIVERSIDE DRIVE | ASHEVILLE | NC | 28804 | TRANSPORTATION | 111705 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 4 | NumberOfContractorsGT100K |
| Government Grants | 2061271 | GovernmentGrants |
| All Other Contributions | 3524090 | AllOtherContributions |
| Noncash Contributions | 65726 | NoncashContributions |
| Total Contributions | 5585361 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION AND FEES | 900099 | 22044949 | 22044949 |
| RESIDENCE HALLS | 900099 | 3625317 | 3625317 |
| CAFETERIA INCOME | 900099 | 2895383 | 2895383 |
| AUXILIARY REVENUE | 900099 | 926201 | 926201 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 29491850 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 511374 | TotalRevenueColumn |
| Exclusion | $511,374 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 407090 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 374220 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 32870 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 32870 | TotalRevenueColumn |
| Exclusion | $32,870 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 687109 | GrossSalesOfInventory |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 687109 | TotalRevenueColumn |
| Exclusion | $687,109 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| OTHER INCOME | 900099 | 1189161 | 1189161 | |
| MIDLAND US FUND, LP | 523000 | -897 | -897 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 1188264 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 37496828 | TotalRevenueColumn |
| Related Or Exempt Function Income | 30681011 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | -897 | UnrelatedBusinessRevenue |
| Exclusion | $1,231,353 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11648787 | Total |
| Program Services | 11648787 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 260778 | Total |
| Program Services | 83230 | ProgramServices |
| Management And General | 177548 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8324590 | Total |
| Program Services | 6727316 | ProgramServices |
| Management And General | 1059944 | ManagementAndGeneral |
| Fundraising | 537330 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 451293 | Total |
| Program Services | 357999 | ProgramServices |
| Management And General | 65049 | ManagementAndGeneral |
| Fundraising | 28245 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1593602 | Total |
| Program Services | 1264163 | ProgramServices |
| Management And General | 229701 | ManagementAndGeneral |
| Fundraising | 99738 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 715772 | Total |
| Program Services | 567803 | ProgramServices |
| Management And General | 103171 | ManagementAndGeneral |
| Fundraising | 44798 | Fundraising |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 629317 | Total |
| Program Services | 109498 | ProgramServices |
| Management And General | 515535 | ManagementAndGeneral |
| Fundraising | 4284 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 28209 | Total |
| Program Services | 28209 | ProgramServices |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1437704 | Total |
| Program Services | 628265 | ProgramServices |
| Management And General | 684757 | ManagementAndGeneral |
| Fundraising | 124682 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 574044 | Total |
| Program Services | 489554 | ProgramServices |
| Management And General | 41752 | ManagementAndGeneral |
| Fundraising | 42738 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1099691 | Total |
| Program Services | 1099691 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 779674 | Total |
| Program Services | 580762 | ProgramServices |
| Management And General | 198912 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 573403 | Total |
| Management And General | 573403 | ManagementAndGeneral |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| AUXILIARY EXPENSES | 7308206 | 7308206 | ||
| PLANT ALLOCATION | 1059568 | 811983 | 247585 | |
| EQUIP RENTAL & MAINTENA | 337286 | 115436 | 220230 | 1620 |
| BAD DEBT EXPENSE | 185669 | 185669 | ||
| INSTRUCTION | 184512 | 184512 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 426375 | Total |
| Program Services | 302104 | ProgramServices |
| Management And General | 116076 | ManagementAndGeneral |
| Fundraising | 8195 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 37618480 | Total |
| Program Services | 32307518 | ProgramServices |
| Management And General | 4419332 | ManagementAndGeneral |
| Fundraising | 891630 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5885391 | BOY |
| EOY | 6214716 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3307520 | BOY |
| EOY | 2559965 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 510573 | BOY |
| EOY | 309705 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 144661 | BOY |
| EOY | 297006 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2652270 | BOY |
| EOY | 2325378 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 385649 | BOY |
| EOY | 382760 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 75044 | BOY |
| EOY | 192649 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 67202748 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 27025366 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 41453007 | BOY |
| EOY | 40177382 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 44021162 | BOY |
| EOY | 52611116 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 169325 | BOY |
| EOY | 140922 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 98604602 | BOY |
| EOY | 105211599 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3482954 | BOY |
| EOY | 2227751 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 351937 | BOY |
| EOY | 437933 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14786149 | BOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14042114 | BOY |
| EOY | 28255757 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4747576 | BOY |
| EOY | 4778331 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 37410730 | BOY |
| EOY | 35699772 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14147645 | BOY |
| EOY | 15883030 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5032515 | BOY |
| EOY | 10477826 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 42013712 | BOY |
| EOY | 43150971 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 61193872 | BOY |
| EOY | 69511827 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 98604602 | BOY |
| EOY | 105211599 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -121652 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 8439607 | 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
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 33600909 | BeginningOfYearBalance |
| Contributions | 693194 | Contributions |
| Investment Earnings Or Losses | 7274543 | InvestmentEarningsOrLosses |
| Administrative Expenses | 1715059 | AdministrativeExpenses |
| End Of Year Balance | 39853587 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 29439796 | BeginningOfYearBalance |
| Contributions | 1552416 | Contributions |
| Investment Earnings Or Losses | 4313049 | InvestmentEarningsOrLosses |
| Administrative Expenses | 1704352 | AdministrativeExpenses |
| End Of Year Balance | 33600909 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 37842134 | BeginningOfYearBalance |
| Contributions | 299617 | Contributions |
| Investment Earnings Or Losses | -7527486 | InvestmentEarningsOrLosses |
| Administrative Expenses | 1174469 | AdministrativeExpenses |
| End Of Year Balance | 29439796 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.09000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.91000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.00000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1110968 | OtherCostOrOtherBasis |
| Book Value | 1110968 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 53754231 | OtherCostOrOtherBasis |
| Depreciation | 22216722 | Depreciation |
| Book Value | 31537509 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 11634703 | OtherCostOrOtherBasis |
| Depreciation | 4808644 | Depreciation |
| Book Value | 6826059 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 702846 | OtherCostOrOtherBasis |
| Book Value | 702846 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 40177382 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (7 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| INVESTMENTS IN PARTNERSHIP | 33495354 | F |
| REAL ESTATE INVESTMENT TRUSTS | 2442716 | F |
| BONDS | 363507 | F |
| REAL ESTATE HELD FOR INVESTMENT | 528611 | F |
| ASSETS HELD IN CHARITABLE REMAINDER TRUSTS | 2018988 | F |
| BENEFICIAL INTERESTS IN TRUSTS | 11410512 | F |
| MUTUAL FUNDS | 2351428 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 52611116 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| ANNUITIES PAYABLE | $1,260,247 |
| POSTRETIREMENT BENEFITS LIABILITIES | $2,430,080 |
| REFUNDABLE ADVANCES FROM DEPARTMENT OF EDUCATION | $1,088,004 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 4778331 | TotalOfAmounts |
| Total Revenue | 37496828 | TotalRevenue |
| Total Expenses | 37618480 | TotalExpenses |
| Excess Or Deficit For Year | -121652 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 6052540 | NetUnrealizedGLOnInvestments |
| Other | $2,387,067 | OtherAmount |
| Total Adjustments | 8439607 | TotalAdjustments |
| Excess Or Deficit Per FS | 8317955 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 25830592 | TotRevenueEtcAuditedFinclStmt |
| Other Revenues | -11648787 | OtherRevenues |
| Revenue Not Rptd F990 | -11648787 | RevenueNotRptdF990 |
| Revenue Subtotal | 37479379 | RevenueSubtotal |
| Other Revenues Not Included | 17449 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 17449 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 37496828 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 24832942 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 24832942 | ExpensesSubtotal |
| Other Expenses Not Included | 12785538 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 12785538 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 37618480 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (6 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: | PART V, LINE 4: | TO SUPPORT THE INSTITUTION IN PERPETUITY FOR SCHOLARSHIPS, LECTURESHIPS, AND VARIOUS OTHER OPERATIONS AND BUILDINGS ON CAMPUS. |
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | FASB HAS ISSUED GUIDANCE PROVIDED BY GAAP ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THIS 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. THERE ARE NO SUCH POSITIONS AS OF MAY 31, 2011 AND 2010 AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. |
| PART XI, LINE 8 - OTHER ADJUSTMENTS: | CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -444,054. CHANGE IN VALUE OF INTEREST RATE SWAP 92,212. POSTRETIREMENT BENEFIT RELATED CHANGES 274,033. INVESTMENT INCOME SHOWN AS NON-OPERATING REVENUE ON FINANCIALS 1,294,061. INVESTMENT RETURN DESIGNATED FOR OPERATIONS 1,170,815. | |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | TUITION DISCOUNTS REDUCING TUITION INCOME ON FINANCIALS -11,648,787. | |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | GAINS SHOWN AS NON-OPERATING ON FINANCIALS 32,870. INTEREST INCOME SHOWN AS NON-OPERATING ON FINANCIALS 511,374. INVESTMENT RETURN SHOWN AS NON-OPERATING ON FINANCIALS -1,715,059. NON-OPERATING REVENUE 1,188,264. | |
| PART XIII, LINE 4B - OTHER ADJUSTMENTS: | TUITION DISCOUNTS REDUCING TUITION INCOME ON FINANCIALS 11,648,787. NON-OPERATING EXPENSES 1,136,751. |
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 | RACIALLY NONDISCRIMINATORY POLICY STATEMENT IS INCLUDED IN ALL COLLEGE GENERATED DOCUMENTS INCLUDING THE COLLEGE CATALOG. |
| EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE | SCHEDULE E, PART I, LINE 6 | LINE 34A - THE UNIVERSITY RECEIVED STUDENT FINANCIAL AID GRANTS FROM THE U.S. DEPARTMENT OF EDUCATION AND THE NC STATE EDUCATION ASSISTANCE AUTHORITY. IN ADDITION, THE UNIVERSITY RECEIVED FUNDING FROM THE U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES, THE LIBRARY OF CONGRESS, THE NATIONAL ENDOWMENT OF THE HUMANITIES, AND THE NATIONAL SCIENCE FOUNDATION FOR VARIOUS PROGRAM FUNDING. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 0 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 0 | SubtotalNumberOfEmployees |
| Cont Number Of Offices | 0 | ContNumberOfOffices |
| Cont Number Of Employees | 0 | ContNumberOfEmployees |
| Total Number Of Offices | 0 | TotalNumberOfOffices |
| Total Number Of Employees | 0 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 0 | SubtotalAmountSpent |
| Cont Amount Spent | 0 | ContAmountSpent |
| Total Amount Spent | 0 | TotalAmountSpent |
| Transfer To Foreign Corp | 0 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 0 | OwnForeignCorp |
| Passive Foreign Invest Co | 1 | PassiveForeignInvestCo |
| Foreign Partnership | 0 | ForeignPartnership |
| Boycott Countries | 0 | BoycottCountries |
Form990 Schedule F Part V Form990ScheduleFPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | OTHER INFORMATION | Identifier |
| Return Reference | SCHEDULE F, PART V | ReturnReference |
| Explanation | MARS HILL COLLEGE IS AN INVESTOR IN ONE OR MORE "PASSIVE FOREIGN INVESTMENT COMPANIES" ("PFICS"). THE SCHOOL IS AN INVESTOR IN GT OFFSHORE FUND, LTD., WHICH IS A BLOCKER CORPORATION LOCATED IN THE CAYMAN ISLANDS. THIS FUND SUBSTANTIALLY INVESTS IN GT PARTNERS - OFFSHORE A AND GT GLOBAL HEDGE - OFFSHORE B, BOTH LOCATED IN THE CAYMAN ISLANDS. FORM 8621 IS NOT BEING FILED PURSUANT TO IRS GUIDANCE SET FORTH IN REG. SEC. 1.1291-1(E). | Explanation |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | TUITION DISCOUNTS/SCHOLARSHIPS | TypeOfGrant |
| Number Of Recipients | 970 | NumberOfRecipients |
| Amount Of Cash Grant | 11648787 | AmountOfCashGrant |
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: THE PROCESS FOR MONITORING THE USE OF TUITION DISCOUNT OR GRANTS/SCHOLARSHIP FUNDS AT MARS HILL COLLEGE INCLUDES THE USE OF A MATRIX THAT LIMITS AND DETERMINES THE AMOUNT OF ACADEMIC SCHOLARSHIP AWARDED WITH A MAXIMUM OF $7000. THE VICE PRESIDENT FOR ADMINISTRATION, DEAN OF ADMISSIONS AND FINANCIAL AID, AND THE DIRECTOR OF FINANCIAL AID MEET MONTHLY TO REVIEW THE CURRENT AMOUNT OF TUITION DISCOUNT OR GRANTS/SCHOLARSHIPS BEING AWARDED TO ENSURE THAT THE COLLEGE STAYS WITHIN BUDGET. TUITION DISCOUNT, GRANT AND SCHOLARSHIP REPORTS ARE SUBMITTED TO THE PRESIDENT ON A REGULAR BASIS. THE BUDGET FOR THESE GRANTS IS APPROVED BY THE BOARD OF TRUSTEES ON AN ANNUAL BASIS. THE DEAN OF ADMISSIONS AND FINANCIAL AID AND THE DIRECTOR OF FINANCIAL AID MONITOR ALL TUITION DISCOUNT FINANCIAL AID AWARDS PRIOR TO THE AWARD LETTER BEING MAILED. ATHLETIC GRANTS ARE MONITORED BY COACHES AND THE ATHLETIC DIRECTOR WITH STRICT GUIDELINES ESTABLISHED BY NCAA. THE ATHLETIC DIRECTOR REPORTS REGULARLY TO THE PRESIDENT OF THE COLLEGE THE AMOUNT OF TUITION DISCOUNT ATHLETIC GRANTS AWARDED BY EACH TEAM PER YEAR. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | X | TravelForCompanions |
| Payments For Use Of Residence | X | PaymentsForUseOfResidence |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| 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 | DR DAN LUNSFORD | NamePerson |
| Base Compensation Filing Org | 146686 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 10300 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 4978 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 4497 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 166461 | 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 | MARS HILL COLLEGE PROVIDES THE PRESIDENT WITH A HOUSING ALLOWANCE SO THAT THE PRESIDENT CAN PERFORM ESSENTIAL COLLEGE BUSINESS AND ACTIVITIES AT THE HOME. IN ADDITION, CERTAIN KEY EMPLOYEES ARE PROVIDED WITH COLLEGE VEHICLES. THE PERSONAL USE IS TAXABLE TO THE EMPLOYEE. THE PRESIDENT'S SPOUSE WILL OCCASIONALLY TRAVEL WITH HIM ON CERTAIN COLLEGE FUNCTIONS. THERE IS A SUBSTANTIAL BUSINESS PURPOSE FOR SUCH TRAVEL, AND THE EXPENSES ARE DOCUMENTED AND RETAINED ON FILE. | Explanation |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 2 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 10312 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Description | CHARITABLE REMAINDER ANNUITY TRUST | Description |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 48314 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenues |
| 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)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | THE EXECUTIVE COMMITTEE OF THE BOARD AND THE FULL BOARD OF TRUSTEES ARE PRESENTED WITH A COPY OF THE 990 FOR REVIEW PRIOR TO FILING. | |
| EACH NEW OR RETURNING TRUSTEE RECEIVES ORIENTATION WHICH INCLUDES A DISCUSSION REGARDING THE CONFLICT OF INTEREST REQUIREMENT. BOARD MEMBERS WITH POTENTIAL CONFLICTS WILL RECUSE THEMSELVES FROM ANY VOTE OR DISCUSSION. | FORM 990, PART VI, SECTION B, LINE 12C | |
| THE COMPENSATION COMMITTEE OF THE BOARD REVIEWS AND APPROVES THE COMPENSATION FOR THE PRESIDENT AND THE TOP MANAGEMENT OFFICIALS. RECOMMENDED CHANGES REQUIRE ACTION AND APPROVAL BY THE FULL BOARD OF TRUSTEES AND DISCUSSIONS ARE DOCUMENTED IN THE MEETING MINUTES. SALARIES ARE COMPARED TO OTHER SIMILAR INSTITUTIONS AND TO SALARY SURVEYS ISSUED BY THE NC INDEPENDENT COLLEGE/UNIVERSITIES ANNUAL COMPENSATION SURVEY. | FORM 990, PART VI, SECTION B, LINE 15 | |
| THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST THROUGH THE PRESIDENT'S OFFICE. | FORM 990, PART VI, SECTION C, LINE 19 | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | NET UNREALIZED GAINS ON INVESTMENTS: 6,052,540. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -444,054. CHANGE IN VALUE OF INTEREST RATE SWAP 92,212. POSTRETIREMENT BENEFIT RELATED CHANGES 274,033. INVESTMENT INCOME SHOWN AS NON-OPERATING REVENUE ON FINANCIALS 1,294,061. INVESTMENT RETURN DESIGNATED FOR OPERATIONS 1,170,815. TOTAL TO FORM 990, PART XI, LINE 5: 8,439,607. | FORM 990, PART XI, LINE 5: |
| AUDIT COMMITTEE | THERE IS AN AUDIT COMMITTEE COMPRISED OF TRUSTEES THAT HAS RESPONSIBILITY FOR THE RECOMMENDATION OF THE AUDITORS, OVERSIGHT OF THE AUDIT, AS WELL AS THE COMMUNICATION RESPONSIBILITY WITH THE AUDITORS. | FORM 990, PART XII, LINE 2C |