2012-05-09T09:55:26-05:00 2011-05-31 BROWN EDWARDS & COMPANY LLP 319 MCCLANAHAN ST ROANOKE VA 24014 990 2010-06-01 560686603 NORTH CAROLINA WESLEYAN COLLEGE INC NORT 2529855100 3400 NORTH WESLEYAN BLVD ROCKY MOUNT NC 27804 LOREN W LOOMIS HUBBELL 2529855100 2012-05-09 1 MARK WOOLWINE 5403450936 2010 2016-02-24 21:20:13Z LOREN W LOOMIS HUBBELL 3400 N WESLEYAN BLVD ROCKY MOUNT NC 278048677 29665380 0 X WWW.NCWC.EDU X 1956 NC TO PREPARE STUDENTS FOR PROFESSIONAL ADVANCEMENT, LIFE-LONG LEARNING, AND RESPONSIBLE PARTICIPATION IN THEIR COMMUNITIES. 29 29 701 0 90607 -23548 2909760 2531932 25834110 25616286 266528 547709 89108 90607 29099506 28786534 8571951 8504544 0 0 10605083 10811795 0 0 304901 9741137 10162750 28918171 29479089 181335 -692555 39015337 39490831 7751022 7973810 31264315 31517021 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. 0 0 24209940 8504544 25522441 INSTRUCTIONAL SERVICES TO COLLEGE STUDENTS 727653 213634 PUBLIC SERVICE - OPERATED THE DUNN CENTER FOR THE PERFORMING ARTS, OPEN TO THE COMMUNITY AND EASTERN NORTH CAROLINA 24937593 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 0 0 0 0 0 0 0 0 0 1 51 0 1 701 1 1 1 0 0 0 0 1 1 0 0 0 0 X 29 29 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X LOREN W LOOMIS HUBBELL 2529855100 3400 N WESLEYAN BLVD ROCKY MOUNT NC 278048677 MR VINCENT C ANDRACCHIO II 5.00 X 0 0 0 MR THOMAS A BETTS JR 5.00 X 0 0 0 MS JUDITH K BOYD 5.00 X 0 0 0 MR DEWEY G CLARK 5.00 X 0 0 0 MRS JULIA CONGLETON-BRYANT 5.00 X 0 0 0 MS PHYLLIS S COWELL 5.00 X 0 0 0 DR DANIEL L CROCKER 5.00 X 0 0 0 MR JAMES R DICKENS SR 5.00 X 0 0 0 MR CHRISTOPHER S DAVIS 5.00 X 0 0 0 JUDGE ROBERT A EVANS 5.00 X 0 0 0 BISHOP ALFRED W GWINN JR 5.00 X 0 0 0 MR MICHAEL H HANCOCK 5.00 X 0 0 0 DR JOHN D HARTNESS 5.00 X 0 0 0 MRS VEL H JOHNSON 5.00 X 0 0 0 MRS NANCY B JONES 5.00 X 0 0 0 MR WILLIAM H KINCHELOE 5.00 X 0 0 0 MR WILL H LASSITER III 5.00 X 0 0 0 MR HOWARD N LEE 5.00 X 0 0 0 MS NANA A MAH'MOUD 5.00 X 0 0 0 MR JOSEPH H NELSON 5.00 X 0 0 0 MR LLOYD E NELSON 5.00 X 0 0 0 MR DAVID OETTINGER JR 5.00 X 0 0 0 MR MARVIN PITTMAN 5.00 X 0 0 0 DR WILLIAM B PITTMAN 5.00 X 0 0 0 MR MICHAEL J PRATT 5.00 X 0 0 0 MR A DONALD STALLINGS 5.00 X 0 0 0 MS DONNA F SYLVER 5.00 X 0 0 0 MR ROGER G TAYLOR 5.00 X 0 0 0 DR ROBERT E ZIPF JR 5.00 X 0 0 0 MR JAMES A GRAY III 40.00 X 198794 0 20338 MRS LOREN W LOOMIS HUBBELL 40.00 X 121146 0 19359 MR CHRISTOPHER K NORMAN 40.00 X 46321 0 11362 MR MALCOLM W WOODALL 40.00 X 89390 0 10653 MR ROBERT J STUBBLEFIELD 40.00 X 106618 0 18492 MR RANDOLPH WILLIAMS 40.00 X 92082 0 17742 MR GARY L SHERMAN 40.00 X 98352 0 17517 MR JOHN M THOMPSON 40.00 X 68882 0 15438 821585 0 130901 3 0 1 0 SODEXO INC AND AFFILIATES 3400 N WESLEYAN BLVD ROCKY MOUNT NC 27804 FOOD SERVICE AND MAINTENANCE 2039322 DUKE REALTY LP 75 REMITTANCE DRIVE SUITE 3205 CHICAGO IL 606753205 RENT 527717 MBS DIRECT LLC 2711 WEST ASH COLUMBIA MO 65203 TEXTBOOKS 206675 SECURITAS SECURITY SERVICES USA INC 1000 SOUTHILL DRIVE CARY NC 27513 SECURITY SERVICES 204307 MCGUIRE WOODS LLP ONE JAMES CENTER 901 EAST CARY STR RICHMOND VA 23219 LEGAL SERVICES 131335 10 1598930 933002 82488 2531932 TUITION AND FEES 611310 20906602 20906602 AUXILIARY ENTERPRISES 611710 4348977 4348977 OTHER SOURCES 611710 360707 360707 25616286 427920 427920 89788 89788 89788 89788 998635 878846 119789 119789 119789 CENTER FOR THE PERFORM 711300 819 819 819 28786534 25736075 90607 427920 8504544 8504544 1137284 612990 376839 147455 7661505 6653061 909631 98813 231426 182774 48652 1192779 898641 294138 588801 441704 147097 212438 212438 13975 13975 533213 291419 227394 14400 210783 210783 289689 256902 16754 16033 14332 14332 3008013 2767860 240153 429441 402199 20462 6780 221537 161722 59815 1133764 827085 306679 182122 86178 95944 OTHER EXPENSES 980593 691444 270500 18649 FOOD SERVICES 888289 888289 COLLEGE STORE 548147 548147 EQUIPMENT PURCHASE AND 441980 143185 298795 BAD DEBT 357278 357278 697156 354691 339694 2771 29479089 24937593 4236595 304901 115803 21883 2033173 1546346 973859 907136 1386851 1552960 1114927 1033669 138374 167346 186946 224608 41189528 16231120 25497629 24958408 7038100 8403073 39000 39000 490675 636402 39015337 39490831 2254546 2594148 113294 135666 4170000 3705000 638673 976186 574509 562810 7751022 7973810 X 23293394 22386707 2485880 3522234 5485041 5608080 31264315 31517021 39015337 39490831 X -692555 945261 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 371595 X X 0 8885832 100840 1444180 473886 -33651 9990617 7451953 266273 1148916 257029 -275719 8885832 9019106 558081 -1593497 359742 171995 7451953 0.17180 0.56140 0.26680 1 0 191448 191448 25830001 5584972 20245029 10331847 7246338 3085509 4836232 3399810 1436422 24958408 U.S. GOVERNMENT FUNDS 505354 AGENCY FUNDS 57456 562810 28786534 29479089 -692555 945261 945261 252706 21213276 945261 945261 20268015 13975 8504544 8518519 28786534 20960570 0 20960570 13975 8504544 8518519 29479089 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. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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 UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: AS OF MAY 31, 2011 AND 2010, 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 2007 AND NORTH CAROLINA INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2004. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCES 8,504,544. PART XIII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCES 8,504,544. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE 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 $1,598,930. 1 ENDOWED SCHOLARSHIPS 69 393760 FMV N/A SCSF 263 1333955 FMV N/A SEOG 87 154362 FMV N/A GENERAL SCHOLARSHIPS 689 6622467 FMV N/A PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: 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. X X 1 1 X X X 0 0 0 0 0 0 0 0 0 MR JAMES A GRAY III 198794 0 0 0 0 0 11700 0 8638 0 219132 0 0 0 PART I, LINE 1A 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. DANIEL L CROCKER TRUSTEE 24822 STUDENT HEALTH SERVICES 0 JAMES R DICKENS TRUSTEE 3008 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 X 9 82488 NYSE VALUE-TRANSFER DATE 0 0 0 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 945,261. FORM 990, PART XII, LINE 2C THE AUDIT COMMITTEE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.