2012-05-14T09:57:01-05:00 2011-06-30 MCGLADREY LLP 230 N ELM ST STE 1100 GREENSBORO NC 27401 990 2010-07-01 560529990 PFEIFFER UNIVERSITY PFEI 7044631360 PO BOX 960 MISENHEIMER NC 28109 MICHAEL MILLER 7044631360 2012-05-14 TAMELA L GAINEY 3362724551 2010 2016-02-24 21:20:13Z MICHAEL MILLER PO BOX 960 MISENHEIMER NC 28109 43092174 0 X WWW.PFEIFFER.EDU X 1938 NC PFEIFFER UNIVERSITY IS A COMPREHENSIVE UNITED METHODIST-RELATED UNIVERSITY, WITH MULTIPLE CAMPUSES AND DELIVERY SYSTEMS, COMMITTED TO EDUCATIONAL EXCELLENCE, SERVICE, AND SCHOLARSHIP. WITHIN NURTURING COMMUNITIES OF LEARNERS, WE VALUE DIVERSITY AND PROMOTE THE ATTAINMENT OF FULL ACADEMIC AND PERSONAL POTENTIAL THROUGH ACCESSIBLE UNDERGRADUATE AND GRADUATE PROGRAMS. IT IS THE VISION OF THE UNIVERSITY THAT OUR STUDENTS EMBRACE THE CHRISTIAN VALUES OF HUMAN DIGNITY, INTEGRITY, AND SERVICE AND BECOME SERVANT LEADERS AND LIFELONG LEARNERS. 36 36 377 144 0 0 4246369 2846082 28660876 30097201 601670 1252773 194991 161819 33703906 34357875 8676681 9166242 0 0 12858766 12370995 0 0 850350 12030380 10896555 33565827 32433792 138079 1924083 45927209 45825433 25563008 22045429 20364201 23780004 X PFEIFFER UNIVERSITY IS A COMPREHENSIVE UNITED METHODIST-RELATED UNIVERSITY, WITH MULTIPLE CAMPUSES AND DELIVERY SYSTEMS, COMMITTED TO EDUCATIONAL EXCELLENCE, SERVICE, AND SCHOLARSHIP. WITHIN NURTURING COMMUNITIES OF LEARNERS, WE VALUE DIVERSITY AND PROMOTE THE ATTAINMENT OF FULL ACADEMIC AND PERSONAL POTENTIAL THROUGH ACCESSIBLE UNDERGRADUATE AND GRADUATE PROGRAMS. IT IS THE VISION OF THE UNIVERSITY THAT OUR STUDENTS EMBRACE THE CHRISTIAN VALUES OF HUMAN DIGNITY, INTEGRITY, AND SERVICE AND BECOME SERVANT LEADERS AND LIFELONG LEARNERS. 0 0 17607921 13064 30097251 PFEIFFER UNIVERSITY IS A COMPREHENSIVE UMC-RELATED UNIVERSITY WITH MULTIPLE CAMPUSES AND DELIVERY SYSTEMS PROVIDING HIGHER EDUCATION DEGREES THROUGH UNDERGRADUATE, GRADUATE, AND ADULT LEARNER PROGRAMS. 9153178 9153178 SCHOLARSHIPS AND SIMILAR FINANCIAL AID FOR STUDENTS. 26761099 1 1 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 1 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 1 1 0 0 1 100 0 1 377 1 0 1 GM 0 0 0 1 1 0 0 0 0 X 36 36 0 0 0 0 1 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X ROBIN LESLIE VP FOR FINANCE 7044633042 PFEIFFER UNIVERSITY HWY 52 MISENHEIMER NC 28109 X GREGORY HUNTER 1.00 X X 0 0 0 DAVID MCILQUHAM 1.00 X X 0 0 0 J KEITH CRISCO 1.00 X X 0 0 0 LINN EVANS 1.00 X X 0 0 0 REV DR GEORGE THOMPSON 1.00 X X 0 0 0 MILDRED CARTER 1.00 X 0 0 0 JAMES CASHION JR 1.00 X 0 0 0 ANNE DANIEL 1.00 X 0 0 0 TONY DENNIS 1.00 X 0 0 0 WINSLOW HAYES GALLOWAY 1.00 X 0 0 0 RONALD E GARROW 1.00 X 0 0 0 THOMAS GRADY 1.00 X 0 0 0 BOBBY GRIFFIN 1.00 X 0 0 0 DR DAVID JONES 1.00 X 0 0 0 ROBERT D KNAPP 1.00 X 0 0 0 REV DR WILLIAM T MEDLIN III 1.00 X 0 0 0 REV JOY MELTON 1.00 X 0 0 0 BENNY MERRELL 1.00 X 0 0 0 JAMES E NANCE 1.00 X 0 0 0 DR RICHARD PETTY 1.00 X 0 0 0 STEVE PUGH 1.00 X 0 0 0 DANA RADER 1.00 X 0 0 0 BENJAMIN ROBINSON PHD 1.00 X 0 0 0 MARSHALL ROGERS 1.00 X 0 0 0 C HERBERT SCHNEIDER 1.00 X 0 0 0 JONATHAN T SMITH 1.00 X 0 0 0 BRIAN SULLIVAN 1.00 X 0 0 0 DON SUMMERS 1.00 X 0 0 0 ROBERT L TAYLOR JR 1.00 X 0 0 0 RICHARD THAMES 1.00 X 0 0 0 EDWIN WELCH JR 1.00 X 0 0 0 DR ELLIOTT WILLIAMS 1.00 X 0 0 0 JULIA WILLIS 1.00 X 0 0 0 DR CHRISTOPHER L BRAMLETT 1.00 X 0 0 0 REV FRANK B COOK 1.00 X 0 0 0 HENRY FARMER 1.00 X 0 0 0 DR MARY ELIZABETH FRANCIS 1.00 X 0 0 0 WILLIAM A GOODSON JR 1.00 X 0 0 0 ROBERT H HEROLD II 1.00 X 0 0 0 CARL M HILL 1.00 X 0 0 0 ERNEST KNOTTS 1.00 X 0 0 0 DR JULIAN A LINDSEY 1.00 X 0 0 0 RALPH M MCALISTER 1.00 X 0 0 0 GEORGE P WATERS 1.00 X 0 0 0 THOMAS A ALDRIDGE 1.00 X 0 0 0 REV AMY COLES 1.00 X 0 0 0 GRADY GASTON 1.00 X 0 0 0 ROSEMARIE GENTLE 1.00 X 0 0 0 BISHOP LARRY GOODPASTER 1.00 X 0 0 0 DAWN J LUCAS 40.00 X 35724 0 8956 MICHAEL C MILLER 40.00 X 18955 0 664 CHARLES M AMBROSE 40.00 X 184596 0 7875 TRACY ESPY 40.00 X 109074 0 11003 ROBIN S LESLIE 40.00 X 84315 0 6929 ROBERT C STEWART 40.00 X 84558 0 10440 SHON HERRICK 40.00 X 101307 0 9431 MICHAEL P POLL 40.00 X 101744 0 10754 BARNETT R PARKER 40.00 X 101871 0 7233 822144 0 73285 5 0 1 0 SODEXO INC PO BOX 536922 ATLANTA GA 30353 MAINTENANCE 781932 VILLAGE OF MISENHEIMER PO BOX 100 MISENHEIMER NC 28109 SECURITY SERVICES 221734 JENZABAR PO BOX 845939 BOSTON MA 02284 TECHNOLOGY 170622 TWG SOLUTIONS 4129 COMMERCIAL CENTER DRIVE AUSTIN TX 78744 ADVERTISING 119608 RPA INC 2895 SOUTH REACH ROAD WILLIAMSPORT PA 17701 PRESIDENT SEARCH 107827 5 39325 1267767 1538990 158726 2846082 TUITION AND FEES 611710 25235137 25235137 DORMITORY & HOUSING 611710 2792356 2792356 FOOD SERVICE & VENDING 611710 1695585 1695585 OTHER SOURCES, ATHLETI 611710 328799 328799 BOOKSTORE 451211 45324 45324 30097201 353262 353262 163482 163482 163482 163482 9596627 11500 8692753 15863 903874 -4363 899511 899511 23970 39325 25683 -1713 -1713 OTHER AUXILIARY INCOME 611710 50 50 50 34357875 30097251 0 1414542 13064 13064 9153178 9153178 600635 42616 520583 37436 9776817 7040737 2264639 471441 70576 52932 14115 3529 1071253 857002 182113 32138 851714 638785 170343 42586 48018 48018 111550 111550 152809 152809 239193 239193 202166 153646 30325 18195 925717 713550 190280 21887 671384 537107 100708 33569 3452527 3314425 103575 34527 866040 649530 129906 86604 27071 21656 4060 1355 315817 315817 1619686 1554899 48590 16197 172415 137932 25862 8621 STUDENT BOARD 1443792 1443792 SPECIAL EVENTS 183548 137661 27532 18355 PROFESSIONAL MEMBERSHIP 80189 64151 12028 4010 BAD DEBT 74697 74697 309936 234436 55600 19900 32433792 26761099 4822343 850350 1087776 653251 5463460 3006065 943844 653232 781528 973313 1047591 1001758 109495 119947 476367 457176 40220817 16056973 24915068 24163844 10491961 13870034 610119 926813 45927209 45825433 2505763 2066028 1763928 1761619 259777 398192 15660000 14865000 3526366 1390850 1847174 1563740 25563008 22045429 X 2863217 5978654 3682293 3722561 13818691 14078789 20364201 23780004 45927209 45825433 X 1924083 1491720 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12981255 260098 2680150 165108 89892 152809 15513694 11843108 464552 1167111 184241 187178 122097 12981255 16054578 326093 -3357293 495533 591748 92989 11843108 0.01280 0.88760 0.09960 0 0 3348276 3348276 30642773 11734437 18908336 5293636 3928305 1365331 936132 394231 541901 24163844 ANNUITIES PAYABLE 137619 CAPITAL LEASES 390138 INTEREST RATE SWAP LIABILITY 1035983 1563740 34357875 32433792 1924083 1325794 165926 1491720 3415803 26596291 1325794 27000 -8987252 -7634458 34230749 152809 -25683 127126 34357875 23180488 27000 25683 52683 23127805 152809 9153178 9305987 32433792 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: ENDOWMENT FUNDS ARE USED AS DIRECTED BY DONOR STIPULATION AND APPLICABLE LAWS. THESE RESOURCES FUND SCHOLARSHIPS, MAINTENANCE, AND OTHER PROGRAMS AND INITIATIVES THAT FURTHER THE VISION AND MISSION OF THE UNIVERSITY. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: "PFEIFFER UNIVERSITY IS A TAX-EXEMPT ENTITY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC")." IN SUMMARY, PRIOR TO BEING DISSOLVED IN APRIL, 2009, THE VILLAGE AT PFEIFFER, INC. WAS A C-CORPORATION RESPONSIBLE FOR PAYING FEDERAL AND STATE INCOME TAXES. THE CAMPUS AT PFEIFFER, LLC IS A SINGLE MEMBER LLC, WHOLLY OWNED BY PFEIFFER UNIVERSITY, AND THEREFORE IS CONSIDERED A DISREGARDED ENTITY FOR TAX PURPOSES. PART XI, LINE 8 - OTHER ADJUSTMENTS: GAIN ON INTEREST RATE SWAP 165,926. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASSIFICATION OF SCHOLARSHIPS -9,153,178. GAIN ON INTEREST RATE SWAP 165,926. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASSIFICATION OF FUNDRAISING EVENTS EXPENSES -25,683. PART XIII, LINE 2D - OTHER ADJUSTMENTS: RECLASSIFICATION OF FUNDRAISING EVENTS EXPENSES 25,683. PART XIII, LINE 4B - OTHER ADJUSTMENTS: RECLASSIFICATION OF SCHOLARSHIPS 9,153,178. 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 UNIVERSITY INCLUDES THE RACIALLY NONDISCRIMATORY POLICY IN ALL ITS BROCHURES, CATALOGUES AND OTHER WRITTEN COMMUNICATIONS WITH THE PUBLIC THAT RELATE TO STUDENT ADMISSIONS, PROGRAMS AND SCHOLARSHIPS. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 EXPENDITURES OF FEDERAL AWARDS: SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT $ 98,100 FEDERAL DIRECT LOAN PROGRAM 13,563,200 FEDERAL WORK STUDY 115,427 PELL GRANT PROGRAM 1,944,927 FEDERAL PERKINS LOAN PROGRAM 169,870 ACADEMIC COMPETITIVENESS GRANT 40,600 NATIONAL SCI & MATH ACCESS TO RETAIN TALENT GRANT 8,000 EXPENDITURES OF STATE AWARDS: STATE CONTRACTUAL SCHOLARSHIP PROGRAM $ 904,199 NC LEGISLATIVE TUITION GRANTS 1,178,438 NC STATE INCENTIVE GRANT PROGRAM 10,150 NC LOTTERY 121,148 NC PROSPECTIVE TEACHER AWARDS 14,500 NURSE SCHOLARS PROGRAM 10,000 TEACHER ASSISTANCE SCHOLARSHIP FUND 6,000 AUCTION 37525 24325 13200 1000 821 GOLF TOURNAMENT 25770 15000 10770 5621 13300 4194 747 63295 39325 23970 5621 14300 4194 1568 25683 -1713 1 GRAY STONE DAY SCHOOL 49464 MERNER TERRACE MISENHEIMER NC 28109 562211005 PUBLIC SCHOOL 13064 BOOK VALUE LAND SITE FOR NEW SCHOOL 1 1 SCHOLARSHIPS 1256 9153178 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: SCHOLARSHIPS ARE MONITORED EACH YEAR BY FINANCIAL AID IN CONJUNCTION/CONSULTATION WITH THE ADVANCEMENT DEPARTMENT. X 1 1 X X X 0 0 0 0 0 0 0 0 0 CHARLES M AMBROSE 129596 0 0 0 55000 0 3316 0 4559 0 192471 0 50000 0 PART I, LINE 1A HOUSING ALLOWANCES ARE GRANTED TO EMPLOYEES THAT ARE REQUIRED TO LIVE ON CAMPUS, ARE PART-TIME COACHES, OR IF INCLUDED IN TERMS OF EMPLOYMENT. SUCH ALLOWANCES ARE PROVIDED AS MONTHLY INCOME IN THE AMOUNT OF RENT AND AN ADDITIONAL 25% MARKUP TO COVER ANY TAXES. ANNUALLY, SUCH EMPLOYEES SIGN A RENTAL CONTRACT EACH JULY FOR THE UPCOMING LEASE TERM. NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY 561952154 65818PEN5 2006-09-01 17850000 FINANCING CAPITAL PROJECTS & REFINANCING EXISTING DEBT 0 0 0 17850000 231768 4635273 12982959 2008 1 0 1 1 0 0 0 0 0 1 1 0 0 0 0 X 19 2725 APPRAISAL X 940 DONOR RECEIPT X 3700 RECEIPT/>$5K APPRAISAL X 11 92791 AVERAGE PRICE X 23 2865 DONOR RECEIPT X 9 675 DONOR RECEIPT X EDUC. EQUIPMENT 17 37531 DONOR RECEIPT/>$5K APPRAISAL X TRAVEL 28 8919 DONOR RECEIPT X EVENTS/TICKETS/CAMPS 34 8580 DONOR RECEIPT 0 0 1 1 METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: PART I, COLUMN (B): THE NUMBER OF CONTRIBUTORS REFERENCED IN PART I, COLUMN B IS REPRESENTATIVE OF THE NUMBER OF CONTRIBUTIONS. THIRD PARTY USE: PART I, LINE 32B: PFEIFFER UNIVERSITY CONTRACTS WITH AN ONLINE AUCTION COMPANY FOR ASSITANCE WITH THE ANNUAL HOMECOMING AUCTION. THE COMPANY PROVIDES A SPECIFIC WEB ADDRESS WHERE CONSTITUENTS CAN BID ONLINE AND PROVIDE MAXIMUM BIDS PRIOR TO THE LIVE AUCTION AT HOMECOMING. FORM 990, PART VI, SECTION A, LINE 6 THE BOARD OF TRUSTEES HAS 36 VOTING MEMBERS, CONSISTING OF 34 BOARD TRUSTEES AND TWO EX-OFFICIO MEMBERS (THE PRESIDENT AND PRESIDENT-ELECT OF THE ALUMNI BOARD). THE EXECUTIVE COMMITTEE HOLDS THE AUTHORITY TO ACT ON BEHALF OF THE BOARD. THE EXECUTIVE COMMITTEE IS COMPOSED OF THE BOARD CHAIR, PAST CHAIR, VICE-CHAIR, SECRETARY, TREASURER, AND CHAIRS OF ALL STANDING COMMITTEES. ALL MEMBERS OF THE EXECUTIVE COMMITTEE ARE TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11 PFEIFFER'S FINANCIAL ANALYST FACILITATES THE GATHERING OF INFORMATION FROM VARIOUS AREAS AND REVIEWS ALL INFORMATION WITH THE CHIEF FINANCIAL OFFICER. ONCE A DRAFT IS RECEIVED FROM THE PREPARERS THE CHIEF FINANCIAL OFFICER AND THE FINANCIAL ANALYST REVIEW THE 990 PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY APPLIES TO EVERY BOARD OF TRUSTEE MEMBER, EMPLOYEE, INDEPENDENT CONTRACTOR AND VOLUNTEER AT PFEIFFER UNIVERSITY. ALL COVERED INDIVIDUALS MUST ANNUALLY REVIEW AND SIGN THE POLICY. IF AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST IS BELIEVED TO EXIST, THE INDIVIDUAL MUST IMMEDIATELY AND FULLY DISCLOSE THE POTENTIAL CONFLICT IN WRITING TO THAT INDIVIDUAL'S IMMEDIATE SUPERVISOR OR TO THE PRESIDENT, PROVOST, VICE PRESIDENT OF FINANCIAL SERVICES OR THE BOARD OF TRUSTEES EXECUTIVE COMMITTEE. THE AFOREMENTIONED PARTY WILL REVIEW SUCH CONFLICT AND APPROVE OR DISAPPROVE OF THE INDIVIDUAL'S INVOLVEMENT IN ANY TRANSACTIONS OR DECISIONS RELATED TO SUCH CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE REVIEWS PEER METRICS TO DETERMINE THE PRESIDENT'S COMPENSATION. ALL COMPENSATION MEETINGS AND DETERMINATIONS ARE DOCUMENTED IN THE EXECUTIVE COMMITTEE MINUTES, AND AGREED UPON TERMS AND CONDITIONS OF EMPLOYMENT ARE RECOGNIZED IN A SIGNED EMPLOYMENT AGREEMENT. COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES IS BASED ON ANNUAL PERFORMANCE EVALUATIONS. THE DIRECT SUPERVISOR COMPLETES THE ANNUAL PERFORMANCE EVALUATIONS, THE SUPERVIOSR SIGNS THE EVALUATION. THE DEPARTMENT SUPERVISOR THEN REVIEWS AND SIGNS THE EVALUATION. AT THAT POINT THE EVALUATION IS SHARED WITH THE EMPLOYEE FOR ANY ADDITIONAL INPUT. THEN THE EMPLOYEE SIGNS THE DOCUMENT AND IT IS FORWARDED TO THE HUMAN RESOURCES DEPARTMENT. FORM 990, PART VI, SECTION C, LINE 19 THE CONFLICT OF INTEREST POLICY IS AVAILABLE TO THE PUBLIC VIA THE UNIVERSITY WEBSITE. HOWEVER, THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE NOT PUBLISHED FOR THE PUBLIC BY PFEIFFER UNIVERSITY, BUT ARE AVAILABLE UPON REQUEST. FORM 990, PART VII, SECTION A, COLUMN F: THE ORGANIZATION, IN A FULL TRANSPARENCY POSTURE TO REPORTING, IS REPORTING ALL BENEFITS IN FULL IN COLUMN F, PART VII AND NOT APPLYING THE $10,000 PER ITEM EXCEPTION FOR CERTAIN BENEFITS. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 1,325,794. GAIN ON INTEREST RATE SWAP 165,926. TOTAL TO FORM 990, PART XI, LINE 5: 1,491,720. FORM 990, PART XI, LINE 2C, AUDIT/FINANCE COMMITTEE: THE FINANCE/AUDIT COMMITTEE'S PROCESS OF AUDIT EVALUATION HAS NOT CHANGED FROM THE PRIOR YEAR. CAMPUS AT PFEIFFER LLC 4701 PARK ROAD CHARLOTTE NC 28209 205671256 CAMPUS CAPITAL PROJECTS NC 0 4252106 PFEIFFER UNIVERSITY 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 CAMPUS AT PFEIFFER LLC B 199577 CASH