METHODIST UNIVERSITY INC: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- METHODIST UNIVERSITY INC (EIN 56-0657294)
- Tax period
- 2010-07-01 to 2011-06-30
- Filed
- 2012-03-22
- IRS object ID
- 201220829349300007
- 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 C
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-03-22T09:54:36-05:00 | Timestamp |
| Tax Period End Date | 2011-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HAIGH BYRD & LAMBERT LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 53349 | AddressLine1 |
| City | FAYETTEVILLE | City |
| State | NC | State |
| ZIP Code | 283053349 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 560657294 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE METHODIST UNIVERSITY INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | METH | NameControl |
| Phone | 9106307000 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5400 RAMSEY STREET | AddressLine1 |
| City | FAYETTEVILLE | City |
| State | NC | State |
| ZIP Code | 283111420 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DAWN AUSBORN | Name |
| Title | CONTROLLER | Title |
| Phone | 9106307610 | Phone |
| Date Signed | 2012-03-22 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MARCUS A HEDGEPETH | Name |
| Phone | 9104831437 | 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 | DR BEN HANCOCK JR | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5400 RAMSEY STREET | AddressLine1 |
| City | FAYETTEVILLE | City |
| State | NC | State |
| ZIP Code | 283111420 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 69504186 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.METHODIST.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1956 | YearFormation |
| State Legal Domicile | NC | StateLegalDomicile |
| Activity Or Mission Description | UNDERGRADUATE AND GRADUATE EDUCATION | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 34 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 32 | NbrIndependentVotingMembers |
| Total Nbr Employees | 1692 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 678880 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -371758 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 4417077 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 5521957 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 48853418 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 57100115 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 498810 | InvestmentIncomePriorYear |
| Investment Income Current Year | 1159083 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 7945 | OtherRevenuePriorYear |
| Other Revenue Current Year | -16555 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 53777250 | TotalRevenuePriorYear |
| Total Revenue Current Year | 63764600 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 13613407 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 16934046 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 22530810 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 24898157 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 460823 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 14985160 | OtherExpensePriorYear |
| Other Expenses Current Year | 17481522 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 51129377 | TotalExpensesPriorYear |
| Total Expenses Current Year | 59313725 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 2647873 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 4450875 | RevenuesLessExpensesCY |
| Total Assets BOY | 74490033 | TotalAssetsBOY |
| Total Assets EOY | 83438481 | TotalAssetsEOY |
| Total Liabilities BOY | 32120269 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 34909618 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 42369764 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 48528863 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | THE PURPOSE OF METHODIST UNIVERSITY IS TO PROVIDE AN UNDERGRADUATE & GRADUATE EDUCATION FIRMLY GROUNDED IN THE LIBERAL ARTS TRADITION,THAT NURTURES MORAL VALUES & ETHICAL DECISION-MAKING; TO PROVIDE DISTINCTIVE PROFESSIONAL & GRADUATE PROGRAMS THAT COMPLEMENT THE UNDERGRADUATE PROGRAMS; TO PROVIDE EDUCATIONAL & CULTURAL RESOURCES TO THE COMMUNITY; AND TO PREPARE STUDENTS FOR A VARIETY OF CAREERS & EDUCATIONAL PURSUITS. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 42230624 | Expense |
| Revenue | 45813819 | Revenue |
| Description | POST SECONDARY EDUCATION: METHODIST UNIVERSITY PROVIDES BOTH UNDERGRADUATE & GRADUATE EDUCATION, FOUNDED IN LIBERAL ARTS, TO APPROXIMATELY 2900 STUDENTS. THE UNIVERSITY'S PROGRAMS ARE CONCENTRATED IN ARTS & HUMANITIES, PUBLIC AFFAIRS, SCIENCE & HUMAN DEVELOPMENT, BUSINESS, & GRADUATE STUDIES, AND BOAST NATIONALLY RENOWNED PROGRAMS SUCH AS THE PROFESSIONAL GOLF MANAGEMENT & PHYSICIAN ASSISTANT PROGRAMS. THE UNIVERSITY IS A FULLY-ACCREDITED MEMBER OF THE SOUTHERN ASSOCIATION OF COLLEGES & SCHOOLS. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 10864031 | Expense |
| Revenue | 11286296 | Revenue |
| Description | AUXILIARY SERVICES: THE UNIVERSITY'S AUXILIARY ENTERPRISES, INCLUDING RESIDENCE HALLS, DINING FACILITIES, A BOOKSTORE, & GOLF COURSE SERVE TO TO PROVIDE A SUPPORT SYSTEM TO THE STUDENTS. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 53094655 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 1 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 1 | CollectionsOfArt |
| Credit Counseling | 1 | 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 | 1 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 1 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 1 | 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 | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| 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 | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 1 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 1 | RelatedOrgControlledEntity |
| Transaction Related Entity | 1 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 149 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 1692 | 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 | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Form8899 Filed | 0 | Form8899Filed |
| Form1098 C Filed | 0 | Form1098CFiled |
| Excess Business Holdings | 0 | ExcessBusinessHoldings |
| Taxable Distributions | 0 | TaxableDistributions |
| Distribution To Donor | 0 | DistributionToDonor |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 34 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 32 | 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 | 0 | 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 | DAWN AUSBORN | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 9106307610 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5400 RAMSEY STREET | AddressLine1 |
| City | FAYETTEVILLE | City |
| State | NC | State |
| ZIP Code | 283111420 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (46 entries)
| TitleTitle | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Average Hours Per WeekAverageHoursPerWeek | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| DR RICHARD R ALLEN SR | |||||||
| TRUSTEE | X | 0 | 0 | 0 | |||
| MR D KEITH ALLISON | |||||||
| TREASURER | X | 0 | 0 | 0 | X | ||
| DR MARY LYNN BRYAN | |||||||
| SECRETARY | X | 0 | 0 | 0 | X | ||
| MR A HOWARD BULLARD | |||||||
| TRUSTEE | X | 0 | 0 | 0 | |||
| MR ALFRED E CLEVELAND | |||||||
| TRUSTEE | X | 0 | 0 | 0 | |||
| DR LOLETA WOOD FOSTER | |||||||
| TRUSTEE | X | 0 | 0 | 0 | |||
| REV DR R CARL FRAZIER JR | |||||||
| TRUSTEE | X | 0 | 0 | 0 | |||
| REV DR BRIAN G GENTLE | |||||||
| TRUSTEE | X | 0 | 0 | 0 | |||
| MR LES A GRIFFIN | |||||||
| TRUSTEE | X | 0 | 0 | 0 | |||
| GENRET JOHN W HANDY | |||||||
| TRUSTEE | X | 0 | 0 | 0 | |||
| MRS BETTY UPCHURCH HASTY | |||||||
| TRUSTEE | X | 0 | 0 | 0 | |||
| MR J DANIEL HIGHSMITH SR | |||||||
| TRUSTEE | X | 0 | 0 | 0 | |||
| MRS DOROTHY B HUBBARD | |||||||
| TRUSTEE | X | 0 | 0 | 0 | |||
| MRS JANE HOOK JOHNSON | |||||||
| TRUSTEE | X | 0 | 0 | 0 | |||
| DR J WESLEY JONES | |||||||
| TRUSTEE | X | 0 | 0 | 0 | |||
| MR JERRY A KEEN | |||||||
| TRUSTEE | X | 0 | 0 | 0 | |||
| MR EARL D LEAKE | |||||||
| TRUSTEE | X | 0 | 0 | 0 | |||
| MR O RAY MANNING JR | |||||||
| VICE CHAIR OF THE BOARD | X | 0 | 0 | 0 | X | ||
| DR ERIC L MANSFIELD | |||||||
| TRUSTEE | X | 0 | 0 | 0 | |||
| DR ALLEN G MASK JR | |||||||
| TRUSTEE | X | 0 | 0 | 0 | |||
| MR RON B MATTHEWS | |||||||
| TRUSTEE | X | 0 | 0 | 0 | |||
| MR GEORGE W MILLER JR | |||||||
| TRUSTEE | X | 0 | 0 | 0 | |||
| DR HW MILLER IV | |||||||
| TRUSTEE | X | 0 | 0 | 0 | |||
| MR DAVID R NIMOCKS III | |||||||
| TRUSTEE | X | 0 | 0 | 0 | |||
| MR RICHARD PLAYER JR | |||||||
| TRUSTEE | X | 0 | 0 | 0 | |||
| MR DON PRICE | |||||||
| TRUSTEE | X | 0 | 0 | 0 | |||
| DR JOHN W SCHRADER | |||||||
| TRUSTEE | X | 0 | 0 | 0 | |||
| DR LOUIS SPILMAN JR | |||||||
| TRUSTEE | X | 0 | 0 | 0 | |||
| MR DAVID K TAYLOR JR | |||||||
| TRUSTEE | X | 0 | 0 | 0 | |||
| MRS ANN H THORNTON | |||||||
| TRUSTEE | X | 0 | 0 | 0 | |||
| MR WILLIAM R WEST SR | |||||||
| TRUSTEE | X | 0 | 0 | 0 | |||
| DR JASON A WILLIAMS | |||||||
| TRUSTEE | X | 0 | 0 | 0 | |||
| MR HARVEY T WRIGHT II | |||||||
| CHAIRMAN OF THE BOARD | X | 0 | 0 | 0 | X | ||
| REV DR SAMUEL WYNN | |||||||
| TRUSTEE | X | 0 | 0 | 0 | |||
| MR RAYMOND L YARBOROUGH | |||||||
| TRUSTEE | X | 0 | 0 | 0 | |||
| DR M ELTON HENDRICKS | |||||||
| PRESIDENT EMERITUS | 278165 | 0 | 37149 | X | 40.00 | ||
| GENE T CLAYTON | |||||||
| VP BUS AFFAIRS | 121536 | 0 | 10492 | X | 40.00 | ||
| ROBIN DAVENPORT | |||||||
| VP INSTITUTIONAL ADVANCEME | 63590 | 0 | 7691 | X | 40.00 | ||
| MICHAEL SAFLEY | |||||||
| VP CHURCH AND COMMUNITY RE | 81863 | 0 | 8543 | X | 40.00 | ||
| DONALD LASSITER | |||||||
| VP ASSESSMENT & EVALUATION | 81721 | 0 | 8797 | X | 40.00 | ||
| GEORGE BLANC | |||||||
| VP STUDENT DEVELOPMENT | 64264 | 0 | 7641 | X | 40.00 | ||
| RICK LOWE | |||||||
| VP ENROLLMENT | 76247 | 0 | 8330 | X | 40.00 | ||
| DR DELMAS CRISP | |||||||
| VP ACADEMIC SERVICES | 113353 | 0 | 10692 | X | 40.00 | ||
| NARENDRA SINGH | |||||||
| PROFESSOR | 101695 | 0 | 9983 | 40.00 | X | ||
| JEFFREY ZIMMERMAN | |||||||
| PROFESSOR | 106103 | 0 | 10012 | 40.00 | X | ||
| CHANDRASEKHAR KOMMU | |||||||
| PROFESSOR | 152393 | 0 | 3698 | 40.00 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1240930 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 123028 | TotalOtherCompensation |
| Number Individuals GT100 K | 6 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (2 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| SFLA ARCHITECTS | |||||
| 214 BURGESS ST | FAYETTEVILLE | NC | 28301 | ARCHITECTURAL | 146775 |
| MCCOY WIGGINS CLEVELAND & O'CONNOR PL | |||||
| 202 FAIRWAY DRIVE | FAYETTEVILLE | NC | 28305 | LEGAL | 134398 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 2 | NumberOfContractorsGT100K |
| Fundraising Events | 17020 | FundraisingEvents |
| Government Grants | 2950479 | GovernmentGrants |
| All Other Contributions | 2554458 | AllOtherContributions |
| Noncash Contributions | 83249 | NoncashContributions |
| Total Contributions | 5521957 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Business CodeBusinessCode | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| TUITION AND FEES | 45096013 | 45096013 | ||
| DORM REVENUES | 5513024 | 5513024 | ||
| BOARD REVENUES | 2920653 | 2920653 | ||
| GOLF COURSE REVENUES | 677357 | 713910 | 677357 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2893068 | TotalRevenueColumn |
| Related Or Exempt Function Income | 2893068 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 57100115 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 462281 | TotalRevenueColumn |
| Unrelated Business Revenue | 1523 | UnrelatedBusinessRevenue |
| Exclusion | $460,758 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 6404297 | Securities |
| Other | 1950 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 5707335 | Securities |
| Other | 2110 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 696962 | Securities |
| Other | -160 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 696802 | TotalRevenueColumn |
| Related Or Exempt Function Income | -160 | RelatedOrExemptFunctionIncome |
| Exclusion | $696,962 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 13586 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 17020 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 30141 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -16555 | TotalRevenueColumn |
| Exclusion | -$16,555 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 63764600 | TotalRevenueColumn |
| Related Or Exempt Function Income | 56422598 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 678880 | UnrelatedBusinessRevenue |
| Exclusion | $1,141,165 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 16934046 | Total |
| Program Services | 16934046 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1240930 | Total |
| Program Services | 695918 | ProgramServices |
| Management And General | 481422 | ManagementAndGeneral |
| Fundraising | 63590 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19129470 | Total |
| Program Services | 17110398 | ProgramServices |
| Management And General | 1915731 | ManagementAndGeneral |
| Fundraising | 103341 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 785813 | Total |
| Program Services | 662902 | ProgramServices |
| Management And General | 114614 | ManagementAndGeneral |
| Fundraising | 8297 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2294556 | Total |
| Program Services | 1976787 | ProgramServices |
| Management And General | 307537 | ManagementAndGeneral |
| Fundraising | 10232 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1447388 | Total |
| Program Services | 1253670 | ProgramServices |
| Management And General | 180944 | ManagementAndGeneral |
| Fundraising | 12774 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 38582 | Total |
| Management And General | 38582 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 51500 | Total |
| Management And General | 51500 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 125561 | Total |
| Management And General | 33561 | ManagementAndGeneral |
| Fundraising | 92000 | Fundraising |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 571684 | Total |
| Program Services | 247137 | ProgramServices |
| Management And General | 317390 | ManagementAndGeneral |
| Fundraising | 7157 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 229690 | Total |
| Program Services | 102792 | ProgramServices |
| Management And General | 122998 | ManagementAndGeneral |
| Fundraising | 3900 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 663481 | Total |
| Program Services | 452838 | ProgramServices |
| Management And General | 117355 | ManagementAndGeneral |
| Fundraising | 93288 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 262793 | Total |
| Program Services | 120914 | ProgramServices |
| Management And General | 127325 | ManagementAndGeneral |
| Fundraising | 14554 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3975063 | Total |
| Program Services | 3765689 | ProgramServices |
| Management And General | 203795 | ManagementAndGeneral |
| Fundraising | 5579 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1019394 | Total |
| Program Services | 859459 | ProgramServices |
| Management And General | 141401 | ManagementAndGeneral |
| Fundraising | 18534 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 154377 | Total |
| Program Services | 35629 | ProgramServices |
| Management And General | 118748 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2579166 | Total |
| Program Services | 2383116 | ProgramServices |
| Management And General | 194802 | ManagementAndGeneral |
| Fundraising | 1248 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 436426 | Total |
| Program Services | 158926 | ProgramServices |
| Management And General | 274550 | ManagementAndGeneral |
| Fundraising | 2950 | Fundraising |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| FOOD SERVICES CONTRACT | 1731237 | 1731237 | ||
| SUPPLIES | 1458166 | 1142801 | 303350 | 12015 |
| EQUIPMENT RENT & REPAIR | 1418725 | 1131128 | 281695 | 5902 |
| BOOKSTORE COST OF GOODS | 1329841 | 1329841 | ||
| HOSPITALITY | 241998 | 225125 | 16873 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1193838 | Total |
| Program Services | 774302 | ProgramServices |
| Management And General | 414074 | ManagementAndGeneral |
| Fundraising | 5462 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 59313725 | Total |
| Program Services | 53094655 | ProgramServices |
| Management And General | 5758247 | ManagementAndGeneral |
| Fundraising | 460823 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 182053 | BOY |
| EOY | 194777 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9318201 | BOY |
| EOY | 9326346 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1446537 | BOY |
| EOY | 931054 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 666391 | BOY |
| EOY | 952857 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19139 | BOY |
| EOY | 28525 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 291666 | BOY |
| EOY | 342427 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 342228 | BOY |
| EOY | 277291 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 83380119 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 28453765 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 49221113 | BOY |
| EOY | 54926354 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10537814 | BOY |
| EOY | 13952527 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 827992 | BOY |
| EOY | 921091 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1478219 | BOY |
| EOY | 1397521 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 158680 | BOY |
| EOY | 187711 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 74490033 | BOY |
| EOY | 83438481 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1906396 | BOY |
| EOY | 2462718 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1209061 | BOY |
| EOY | 1130801 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20750000 | BOY |
| EOY | 20090000 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 172180 | BOY |
| EOY | 175867 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5412406 | BOY |
| EOY | 8681086 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2670226 | BOY |
| EOY | 2369146 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 32120269 | BOY |
| EOY | 34909618 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 30805945 | BOY |
| EOY | 36820978 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3992606 | BOY |
| EOY | 3908158 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7571213 | BOY |
| EOY | 7799727 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 42369764 | BOY |
| EOY | 48528863 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 74490033 | BOY |
| EOY | 83438481 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 4450875 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 1708224 | 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 Consolidated | X | FinancialStatementConsolidated |
| 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 C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | Volunteers |
| Paid Staff Or Management | 1 | PaidStaffOrManagement |
| Media Advertisements | 0 | MediaAdvertisements |
| Mailings Members | 0 | MailingsMembers |
| Publications Or Broadcast | 0 | PublicationsOrBroadcast |
| Grants Other Organizations | 0 | GrantsOtherOrganizations |
| Direct Contact Legislators | 1 | DirectContactLegislators |
| Direct Contact Legislators | $92,000 | DirectContactLegislatorsAmount |
| Rallies Demonstrations | 0 | RalliesDemonstrations |
| Other Activities | 1 | OtherActivities |
| Other Activities | $33,561 | OtherActivitiesAmount |
| Total Lobbying Expenditures IIB | 125561 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | 0 | NotDescribedIn501c3 |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | EXPLANATION OF OTHER LOBBYING ACTIVITIES: | Identifier |
| Return Reference | PART II-B, LINE 1I: | ReturnReference |
| Explanation | THE UNIVERSITY PAID MEMBERSHIP DUES OF $33,561 TO NORTH CAROLINA INDEPENDENT COLLEGES & UNIVERSITIES (NCICU), A STATEWIDE ORGANIZATION COMPRISED OF INDEPENDENT COLLEGES ACCREDITED BY SOUTHERN ASSOCIATION OF COLLEGES & SCHOOLS, WHICH REPRESENTS HIGHER EDUCATION IN STATE & FEDERAL POLICY. PART II-B, LINE 1(G) THE UNIVERSITY USES THE PROFESSIONAL SERVICES OF THE FERGUSON GROUP, AN ORGANIZATION WHICH LOBBIES CONGRESS & FEDERAL AGENCIES ON BEHALF OF PUBLIC & PRIVATE INTERESTS ACROSS THE U.S. FOR COMPETITIVE FEDERAL GRANT APPROPRIATIONS. | Explanation |
Schedule D IRS990ScheduleD
Art Public Exhibition Amts ArtPublicExhibitionAmts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets In Part X | 81665 | 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 |
| Agent Trustee Etc | 0 | AgentTrusteeEtc |
| Included On FS | 1 | IncludedOnFS |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 14745939 | BeginningOfYearBalance |
| Contributions | 4435266 | Contributions |
| Investment Earnings Or Losses | 2622781 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 484315 | GrantsOrScholarships |
| Other Expenditures | 2287153 | OtherExpenditures |
| Administrative Expenses | 64443 | AdministrativeExpenses |
| End Of Year Balance | 18968075 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 13602521 | BeginningOfYearBalance |
| Contributions | 912602 | Contributions |
| Investment Earnings Or Losses | 1486165 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 620261 | GrantsOrScholarships |
| Other Expenditures | 564313 | OtherExpenditures |
| Administrative Expenses | 70775 | AdministrativeExpenses |
| End Of Year Balance | 14745939 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 16011157 | BeginningOfYearBalance |
| Contributions | 1184105 | Contributions |
| Investment Earnings Or Losses | -1996590 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 547031 | GrantsOrScholarships |
| Other Expenditures | 988849 | OtherExpenditures |
| Administrative Expenses | 60271 | AdministrativeExpenses |
| End Of Year Balance | 13602521 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.48000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.52000 | PermanentEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 108500 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 2350804 | OtherCostOrOtherBasis |
| Book Value | 2459304 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 58777058 | OtherCostOrOtherBasis |
| Depreciation | 17903781 | Depreciation |
| Book Value | 40873277 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 24387 | OtherCostOrOtherBasis |
| Depreciation | 5348 | Depreciation |
| Book Value | 19039 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 10795244 | OtherCostOrOtherBasis |
| Depreciation | 7565893 | Depreciation |
| Book Value | 3229351 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 11324126 | OtherCostOrOtherBasis |
| Depreciation | 2978743 | Depreciation |
| Book Value | 8345383 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 54926354 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (4 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| FEDERAL PORTION PERKINS LOANS DUE | $518,914 |
| INTEREST RATE SWAP LIABILITY | $1,649,389 |
| STUDENT DORM DEPOSITS | $88,980 |
| ANNUITY LIABILITY | $111,863 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 2369146 | TotalOfAmounts |
| Total Revenue | 63764600 | TotalRevenue |
| Total Expenses | 59313725 | TotalExpenses |
| Excess Or Deficit For Year | 4450875 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 1421475 | NetUnrealizedGLOnInvestments |
| Other | $286,749 | OtherAmount |
| Total Adjustments | 1708224 | TotalAdjustments |
| Excess Or Deficit Per FS | 6159099 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 48599614 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 1421475 | NetUnrealizedGainsInvestments |
| Other Revenues | -16669127 | OtherRevenues |
| Revenue Not Rptd F990 | -15247652 | RevenueNotRptdF990 |
| Revenue Subtotal | 63847266 | RevenueSubtotal |
| Other Revenues Not Included | -82666 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | -82666 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 63764600 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 42440515 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 82666 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 82666 | ExpensesNotRptdF990 |
| Expenses Subtotal | 42357849 | ExpensesSubtotal |
| Other Expenses Not Included | 16955876 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 16955876 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 59313725 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (9 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART III, LINE 4: | THE UNIVERSITY MAINTAINS A FEW HISTORICAL COLLECTIONS WITHIN ITS LIBRARY, INCLUDING DRAWINGS, LETTERS, MONOGRAPHS, BOOKS, & RECORDS. | |
| PART IV, LINE 2B: | BANK ACCOUNTS FOR STUDENT CLUBS & OTHER AFFILIATED GROUPS | |
| PART V, LINE 4: | THE INTENDED USE OF THE UNIVERSITY'S ENDOWMENT FUNDS IS TO PROVIDE SCHOLARSHIPS TO STUDENTS & CASH RESERVES TO THE UNIVERSITY. | DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: |
| PART X: | FASB ASC 740, INCOME TAXES, PROVIDES GUIDANCE FOR HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, PRESENTED, AND DISCLOSED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE GUIDANCE REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE UNIVERSITY'S TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS WOULD MORE LIKELY THAN NOT BE SUSTAINED BY THE APPLICABLE TAX AUTHORITY UPON EXAMINATION. THE UNIVERSITY BELIEVES THAT IT HAS SUFFICIENT JUSTIFICATION FOR ANY TAX POSITIONS TAKEN, INCLUDING ALLOCATION OF EXPENSES TO ITS UNRELATED BUSINESS INCOME, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX PROVISIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: |
| BOOK/TAX DEPRECIATION ADJUSTMENT $21,830 UNREALIZED GAIN ON INTEREST RATE SWAP $264,919 | PART XI, LINE 8 - OTHER ADJUSTMENTS: | |
| SPONSORED SCHOLARSHIPS <$16,934,046> UNREALIZED GAIN ON INTEREST RATE SWAP $264,919 | PART XII, LINE 2D - OTHER ADJUSTMENTS: | |
| FUNDRAISING EXPENSES <$30,141> GOLF COURSE COST OF SALES <$52,525> | PART XII, LINE 4B - OTHER ADJUSTMENTS: | |
| FUNDRAISING EXPENSES $30,141 GOLF COURSE COST OF SALES $52,525 | PART XIII, LINE 2D - OTHER ADJUSTMENTS: | |
| BOOK/TAX DEPRECIATION ADJUSTMENT $21,830 SPONSORED SCHOLARSHIPS $16,934,046 | 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 | METHODIST UNIVERSITY PUBLICIZES ITS RACIALLY NON-DISCRIMINATORY POLICY IN ITS ANNUAL ACADEMIC CATALOG, ON ITS WEBSITE, AND IN ALL ADVERTISEMENTS & SOLICITATIONS, |
| EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE | SCHEDULE E, PART I, LINE 6 | THE UNIVERSITY RECEIVES FEDERAL AND STATE AID FOR STUDENT FINANCIAL AID AWARDS, AND FUNDS FOR THE CONSTRUCTION OF FACILITIES AND PURCHASE OF EQUIPMENT FOR THE UNIVERSITY'S EDUCATIONAL PROGRAMS. |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable (7 entries)
| RegionRegion | Type Of Activities ConductedTypeOfActivitiesConducted | Specific Services ProvidedSpecificServicesProvided | Total ExpendituresTotalExpenditures |
|---|---|---|---|
| CENTRAL AMERICA / CARIBBEAN | PROGRAM SERVICES | RECRUITING | 6852 |
| CENTRAL AMERICA / CARIBBEAN | PROGRAM SERVICES | STUDY ABROAD | 8591 |
| EAST ASIA & PACIFIC | PROGRAM SERVICES | RECRUITING | 27429 |
| EUROPE | PROGRAM SERVICES | PEACE PROJECTS | 10000 |
| EUROPE | PROGRAM SERVICES | STUDY ABROAD | 37596 |
| EUROPE | PROGRAM SERVICES | RECRUITING | 1319 |
| NORTH AMERICA | PROGRAM SERVICES | RECRUITING | 917 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Employees | 0 | SubtotalNumberOfEmployees |
| Cont Number Of Employees | 0 | ContNumberOfEmployees |
| Total Number Of Employees | 0 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 92704 | SubtotalAmountSpent |
| Cont Amount Spent | 0 | ContAmountSpent |
| Total Amount Spent | 92704 | TotalAmountSpent |
| Transfer To Foreign Corp | 0 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 0 | OwnForeignCorp |
| Passive Foreign Invest Co | 0 | PassiveForeignInvestCo |
| Foreign Partnership | 0 | ForeignPartnership |
| Boycott Countries | 0 | BoycottCountries |
Form990 Schedule F Part V Form990ScheduleFPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | METHOD USED TO ACCCOUNT FOR EXPENDITURES: | Identifier |
| Explanation | SCHEDULE F, PART I, LINE 3: THE AMOUNTS REPORTED IN COLUMN F REPRESENT TRAVEL-RELATED EXPENSES OF THE UNIVERSITY'S INTERNATIONAL RECRUITING DEPARTMENT. THE UNIVERSITY'S ACCOUNTING SYSTEM DOES NOT TRACK THE EXPENDITURES BY REGION. THE TOTAL EXPENSES WERE DIVIDED UP AMONG THE REGIONS VISITED BASED ON ESTIMATES OF REGIONAL COSTS TO TOTAL COSTS. | Explanation |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | GOLF TOURNAMENT | NameOfEvent1 |
| Gross Receipts Event1 | 9630 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 4800 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 4830 | GrossRevenueEvent1 |
| Non Cash Prizes Event1 | 3002 | NonCashPrizesEvent1 |
| Rent Facility Costs Event1 | 1083 | RentFacilityCostsEvent1 |
| Food And Beverage Event1 | 1185 | FoodAndBeverageEvent1 |
| Other Direct Expenses Event1 | 2422 | OtherDirectExpensesEvent1 |
| Name Of Event2 | GOLF TOURNAMENT | NameOfEvent2 |
| Gross Receipts Event2 | 20976 | GrossReceiptsEvent2 |
| Charitable Contributions Event2 | 12220 | CharitableContributionsEvent2 |
| Gross Revenue Event2 | 8756 | GrossRevenueEvent2 |
| Non Cash Prizes Event2 | 13917 | NonCashPrizesEvent2 |
| Rent Facility Costs Event2 | 3765 | RentFacilityCostsEvent2 |
| Food And Beverage Event2 | 2908 | FoodAndBeverageEvent2 |
| Other Direct Expenses Event2 | 1859 | OtherDirectExpensesEvent2 |
| Gross Receipts Total | 30606 | GrossReceiptsTotal |
| Charitable Contributions Total | 17020 | CharitableContributionsTotal |
| Gross Revenue Total Events | 13586 | GrossRevenueTotalEvents |
| Non Cash Prizes Total Events | 16919 | NonCashPrizesTotalEvents |
| Rent Facility Costs Total Events | 4848 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 4093 | FoodAndBeverageTotalEvents |
| Other Direct Expenses Total Events | 4281 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 30141 | DirectExpenseSummaryEvents |
| Net Income Summary | -16555 | NetIncomeSummary |
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 ASSISTANCE | TypeOfGrant |
| Number Of Recipients | 1863 | NumberOfRecipients |
| Amount Of Cash Grant | 16934046 | AmountOfCashGrant |
| Method Of Valuation | FMV | MethodOfValuation |
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 TO RECIPIENTS IN THE U.S. INCLUDED TUITION ASSISTANCE APPLIED DIRECTLY TO STUDENTS' ACCOUNTS. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Personal Services | X | PersonalServices |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| 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 (2 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DR M ELTON HENDRICKS | |||||||||||||
| 241150 | 0 | 2506 | 0 | 34509 | 0 | 13876 | 0 | 23273 | 0 | 315314 | 0 | 259602 | 0 |
| CHANDRASEKHAR KOMMU | |||||||||||||
| 152393 | 0 | 0 | 0 | 0 | 0 | 3698 | 0 | 0 | 0 | 156091 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | PART I, LINE 1A | ReturnReference |
| Explanation | THE UNIVERSITY MAINTAINS A RESIDENTIAL HOME ON CAMPUS WHERE THE PRESIDENT LIVES AS A CONDITION OF EMPLOYMENT. THE UNIVERSITY PAYS SOCIAL CLUB DUES OF $315 MONTHLY FOR THE PRESIDENT'S MEMBERSHIP IN HIGHLAND COUNTRY CLUB. THE UNIVERSITY PROVIDES PERSONAL SERVICES OF LIGHT HOUSEKEEPING, PERFORMED BY THE UNIVERSITY'S JANITORIAL STAFF AT THE RESIDENCE OF THE PRESIDENT. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NC CAPITAL FACILITIES FINANCE AGENCY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 561592154 | IssuerEIN |
| CUSIP Number | 65818OEF2 | CUSIPNumber |
| Date Issued | 2005-10-13 | DateIssued |
| Issue Price | 24000000 | IssuePrice |
| Description Of Purpose | REFUND SERIES 2000 BONDS & FUND VARIOUS CAPITAL PROJECTS | DescriptionOfPurpose |
| Defeased | 0 | Defeased |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Pool Financing | 0 | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Proceeds | 24000000 | TotalProceeds |
| Refunding Escrow | 14895696 | RefundingEscrow |
| Issuance Costs From Proceeds | 205689 | IssuanceCostsFromProceeds |
| Capital Expenditures | 8898615 | CapitalExpenditures |
| Other Spent Proceeds | 9104304 | OtherSpentProceeds |
| Year Of Subst Completion | 2007 | YearOfSubstCompletion |
| Current Refunding | 1 | CurrentRefunding |
| Advance Refunding | 0 | AdvanceRefunding |
| Final Allocation Made | 1 | FinalAllocationMade |
| Adequate Books And Recds Maintaind | 1 | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Owning Bond Financed Property | 0 | OwningBondFinancedProperty |
| Any Lease Arrangements | 0 | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | 0 | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | 0 | AnyResearchAgreements |
| Bond Counsel Routinely Engaged | 0 | BondCounselRoutinelyEngaged |
| Post Issuance Compliance Procdrs | 0 | PostIssuanceComplianceProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8038 T Filed | 0 | Form8038TFiled |
| Variable Rate Issue | 1 | VariableRateIssue |
| Hedge Identified In Books And Recds | 1 | HedgeIdentifiedInBooksAndRecds |
Name Of Hedge Provider NameOfHedgeProvider
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BANK OF AMERICA & | BusinessNameLine1 |
| Business Name Line2 | WACHOVIA | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Superintegrated Hedge | 0 | SuperintegratedHedge |
| Hedge Terminated | 0 | HedgeTerminated |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | 0 | GrossProceedsInvested |
| Exception To Rebate | 1 | ExceptionToRebate |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV (3 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| SYSTEL OFFICE AUTOMATION | |||
| OWNED BY A TRUSTEE | 120966 | COPIER LEASES | 0 |
| PLAYER INC | |||
| OWNED BY A FORMER TRUSTEE | 439166 | CONSTRUCTION CONTRACT | 0 |
| MCCOY WIGGINS CLEVELAND & O'CONNOR | |||
| PARTNER IS A TRUSTEE | 134398 | LEGAL SERVICES | 0 |
Schedule M IRS990ScheduleM
Real Estate Residential RealEstateResidential
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 3 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 75000 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | INDEPENDENT APPRAISAL | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 2 | NumberOf8283Received |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 1 | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | THIRD PARTY USE: | Identifier |
| Return Reference | PART I, LINE 32B: | ReturnReference |
| Explanation | THE UNIVERSITY UTILIZES ITS BROKERAGE INVESTMENT FIRMS TO RECEIVE & SELL GIFTS OF STOCK, AS RECEIVED FROM TIME TO TIME. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | FORM 990 IS PREPARED JOINTLY BY MANAGEMENT & THE EXTERNAL AUDITORS. IT IS REVIEWED BY MANAGEMENT & THE AUDIT COMMITTEE WITH THE EXTERNAL AUDITORS DURING THE REVIEW OF THE AUDITED FINANCIAL STATEMENTS. THE AUDIT COMMITTEE RELAYS THE RESULTS OF THE REVIEW TO THE FULL BOARD AT THE NEXT BOARD MEETING, & A COPY OF FORM 990 IS MADE AVAILABLE TO THE FULL BOARD FOR THEIR REVIEW. | |
| THE UNIVERSITY ANNUALLY DISTRIBUTES ITS CONFLICT OF INTEREST POLICY & DISCLOSURE FORM TO ALL BOARD MEMBERS & EMPLOYEES WITH BUDGET AUTHORITY, FOR REVIEW OF THE POLICY & COMPLETION OF THE QUESTIONNAIRE. A DESIGNATED COMMITTEE REVIEWS THE DISCLOSURE FORMS FOR POSSIBLE CONFLICTS OF INTEREST. ANY FINDINGS ARE SUBMITTED TO THE UNIVERSITY'S AUDIT COMMITTEE FOR REVIEW. THE UNIVERSITY GENERALLY PROHIBITS TRANSACTIONS WITH CONFLICT OF INTEREST PARTIES. HOWEVER, THE AUDIT COMMITTEE HAS THE AUTHORITY TO APPROVE CERTAIN TRANSACTIONS IF IN THE BEST INTEREST OF THE UNIVERSITY. | FORM 990, PART VI, SECTION B, LINE 12C | |
| THE UNIVERSITY'S PRESIDENTIAL SALARY COMMITTEE EVALUATES THE PRESIDENT'S SALARY ON AN ANNUAL BASIS UTILIZING COMPARABILITY DATA, INCLUDING SALARY & BENEFITS HISTORY FROM BOTH WITHIN THE UNIVERSITY & OTHER PRIVATE COLLEGES & UNIVERSITIES IN N.C. THE PRESIDENTIAL SALARY COMMITTEE RECOMMENDS A SALARY FOR THE PRESIDENT TO THE UNIVERSITY'S FULL BOARD OF TRUSTEES. THE BOARD HOLDS AN EXECUTIVE SESSION TO VOTE & APPROVE THE PRESIDENT'S SALARY. | FORM 990, PART VI, SECTION B, LINE 15A | |
| THE ORGANIZATION MAKES GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, & FINANCIAL STATEMENTS AVAILABLE ON THE UNIVERSITY'S WEBSITE. | FORM 990, PART VI, SECTION C, LINE 19 | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | NET UNREALIZED GAINS ON INVESTMENTS: 1,421,475. BOOK/TAX DEPRECIATION ADJUSTMENT $21,830 21,830. UNREALIZED GAIN ON INTEREST RATE SWAP $264,919 264,919. TOTAL TO FORM 990, PART XI, LINE 5: 1,708,224. | FORM 990, PART XI, LINE 5: |
| THE PROCESS HAS NOT CHANGED REGARDING OVERSIGHT OF THE AUDIT & SELECTION OF AN INDEPENDENT ACCOUNTANT. | FORM 990 PART XII LINE 2C |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KING'S GRANT GOLF MANAGEMENT LLC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5400 RAMSEY STREET | AddressLine1 |
| City | FAYETTEVILLE | City |
| State | NC | State |
| ZIP Code | 28311 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 208176567 | EIN |
| Primary Activities | GOLF COURSE | PrimaryActivities |
| Legal Domicile State | NC | LegalDomicileState |
| Total Income | -292328 | TotalIncome |
| EOY Assets | 1500765 | EOYAssets |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SINGLE MEMBER LLC WITH UNIVERSITY AS MEMBER | BusinessNameLine1 |
Form990 Schedule R Part IV Form990ScheduleRPartIV
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | METHODIST UNIVERSITY DEVELOPMENT CORPORATION | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5400 RAMSEY STREET | AddressLine1 |
| City | FAYETTEVILLE | City |
| State | NC | State |
| ZIP Code | 28311 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 561972859 | EIN |
| Primary Activity | REAL ESTATE DEVELOPMENT | PrimaryActivity |
| Legal Domicile State | NC | LegalDomicileState |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | REPORTS SEPARATELY ON FORM 1120 | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Entity | C | TypeOfEntity |
| Share Of Total Income | 93099 | ShareOfTotalIncome |
| Share Of EOY Assets | 1729686 | ShareOfEOYAssets |
| Percentage Ownership | 1.00000 | PercentageOwnership |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 1 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 1 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 1 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 1 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 1 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (6 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| METHODIST UNIVERSITY DEVELOPMENT CORP | ||
| A | 34500 | FMV CASH |
| KINGS GRANT GOLF MANAGEMENT | ||
| D | 201502 | FMV CASH |
| METHODIST UNIVERSITY DEVELOPMENT CORP | ||
| J | 186000 | FMV CASH |
| KINGS GRANT GOLF MANAGEMENT | ||
| L | 57600 | FMV CASH |
| DE MINIMIS | ||
| N | 0 | FMV CASH |
| DE MINIMIS | ||
| P | 0 | FMV CASH |