2012-05-15T10:30:42-04:00 2011-06-30 KPMG LLP 300 North Greene Street Suite 400 Greensboro NC 27401 990 2010-07-01 560530003 QUEENS UNIVERSITY OF CHARLOTTE QUEE 7043372512 1900 SELWYN AVENUE CHARLOTTE NC 28274 SUSAN GARY 2012-05-15 3362753394 2010 2016-02-24 21:20:13Z DR PAMELA L DAVIES PHD 1900 SELWYN AVENUE CHARLOTTE NC 28274 109723958 false X WWW.QUEENS.EDU X 1896 NC QUEENS UNIVERSITY OF CHARLOTTE PROVIDES EDUCATIONAL EXPERIENCES THAT TRANSFORM STUDENTS' LIVES AND FOSTER PERSONAL AND PROFESSIONAL SUCCESS. 39 39 1050 116 -17199 -18724 13946006 52494526 43144897 48005479 -2095036 1856602 0 0 54995867 102356607 11202082 12972386 0 0 25070401 27440980 0 0 1324964 18369362 20170670 54641845 60584036 354022 41772571 129078888 178756903 36496705 36965601 92582183 141791302 QUEENS UNIVERSITY OF CHARLOTTE PROVIDES EDUCATIONAL EXPERIENCES THAT TRANSFORM STUDENTS' LIVES AND FOSTER PERSONAL AND PROFESSIONAL SUCCESS. false false 44087458 12972386 40895665 Queens University of Charlotte is a private, co-ed, Presbyterian-affiliated comprehensive university with a commitment to both liberal arts and professional studies. Located in the heart of historic Charlotte, Queens serves approximately 2,700 undergraduate and graduate students through its College of Arts and Sciences, the McColl School of Business, the Presbyterian School of Nursing, the Wayland H. Cato, Jr. School of Education, the School of Communication and Hayworth College for Adult Studies. 44087458 true true false false false false false false true true true false false true true false true true false false false false false false false false false true true true false false false false false false false false false false true true false false false true true false false false true 236 0 true 1050 true true true false false false false true true false false false false X 39 39 false false false false false false false true true false false true true false false true true true false false X SUSAN GARY 7043372305 1900 SELWYN AVENUE CHARLOTTE NC 28274 BENJAMIN P JENKINS III 1.0 X 0 0 0 SALLIE MOORE LOWRANCE 1.0 X 0 0 0 JOSEPH W GRIER JR 1.0 X 0 0 0 KATHRYN WINSMAN BLACK 1.0 X 0 0 0 DEBORAH BUTLER BRYAN 1.0 X 0 0 0 ANGELINE MASSEY CLINTON 1.0 X 0 0 0 MARGORIE KNIGHT CRANE 1.0 X 0 0 0 ELIZABETH RIVERS CURRY 1.0 X 0 0 0 DONNA JONES DEAN 1.0 X 0 0 0 FRANCES DEARMON EVANS 1.0 X 0 0 0 MARY ELIZABETH PUETTE FRANCIS 1.0 X 0 0 0 SARAH BELK GAMBRELL 1.0 X 0 0 0 KATHRYN L GRIGG 1.0 X 0 0 0 IRVIN W HANKINS III 1.0 X 0 0 0 W BENJAMIN HAWFIELD JR 1.0 X 0 0 0 CARSON SLOAN HENLINE 1.0 X 0 0 0 LYTTLETON RICH HOLLOWELL 1.0 X 0 0 0 LENOIR C KEESLER 1.0 X 0 0 0 JUDITH MOORE LEONARD 1.0 X 0 0 0 THOMAS L LEWIS 1.0 X 0 0 0 MICHAEL MARSICANO 1.0 X 0 0 0 KITTY TILGHMAN MCEADDY 1.0 X 0 0 0 A WARD MCKEITHEN 1.0 X 0 0 0 BAILEY PATRICK 1.0 X 0 0 0 KEITH MCKENNA PENSION 1.0 X 0 0 0 DAVID L POPE 1.0 X 0 0 0 A ALEX PORTER 1.0 X 0 0 0 MYRTA JANE PULLIAM 1.0 X 0 0 0 THOMAS REDDIN 1.0 X 0 0 0 MA ROGERS 1.0 X 0 0 0 C BRENT TREXLER JR 1.0 X 0 0 0 CYNTHIA HALDENBY TYSON 1.0 X 0 0 0 F WILLIAM VANDIVER JR 1.0 X 0 0 0 JO DEWITT WILSON 1.0 X 0 0 0 MANUEL ZAPATA 1.0 X 0 0 0 SANDRA LEVINE 1.0 X 0 0 0 DAVID C DARNELL 1.0 X 0 0 0 JOHN H SYKES 1.0 X 0 0 0 MICHAEL TARWATER 1.0 X 0 0 0 PAMELA LEWIS DAVIES 60.0 X 269101 0 68401 JAMES BULLOCK 50.0 X 250065 0 24411 BRIAN RALPH 50.0 X 161110 0 33062 J NORRIS FREDERICK JR 50.0 X 143818 0 31365 REBECCA ANDERSON 50.0 X 121062 0 28667 SUSAN GARY 50.0 X 112784 0 33917 WILLIAM A NICHOLS JR 50.0 X 103245 0 15721 WILLIAM CLYDE 50.0 X 106946 0 17383 CHRISTY MAJORS 40.0 X 71750 0 5560 TAMARA BURRELL 40.0 X 54313 0 11165 MATTHEW PACKEY 50.0 X 106362 0 13967 WILLIAM CODY 40.0 X 156018 0 19049 TERRY BRODERICK 40.0 X 150000 0 375 ROBERT FINLEY 40.0 X 157362 20700 16676 WILLIAM SPARKS 40.0 X 146410 21350 16307 CHARLES BAMFORD 40.0 X 138096 21600 10237 GARY POWELL 40.0 X 134760 15500 16083 CATHERINE S ANDERSON 40.0 X 112469 31150 16954 2495671 110300 379300 28 false true false COMPASS GROUP USA INC 2400 YORKMONT ROAD CHARLOTTE NC 28217 FOOD SERVICES 2241811 AETNA PO BOX 804735 CHICAGO IL 606804108 MEDICAL INSURANCE 1566837 BLUE CROSS BLUE SHIELD OF NORTH CAR PO BOX 30071 DURHAM NC 27702 HEALTH INSURANCE 1046982 LITTLE DIVERSIFIED ARCHITECTURE 5815 WESTPARK DRIVE CHARLOTTE NC 28217 ARCHITECTURE 787675 FOLLETT HIGHER EDUCATION GROUP INC 1818 SWIFT RD OAK BROOK IL 60523 BOOKSTORE MANAGEMENT 400196 28 3450897 49043629 24152701 52494526 TUITION AND FEES 900099 38589458 38589458 0 0 AUXILIARY ENTERPRISES 900099 7109814 0 0 7109814 OTHER INCOME 900099 2306207 2306207 0 0 48005479 568978 0 -17199 586177 0 0 8654975 7367351 1287624 1287624 0 0 1287624 0 0 0 0 0 102356607 40895665 -17199 8983615 0 12972386 12972386 0 0 2270831 305580 1568234 397017 0 20977680 17823297 2702590 451793 926497 644544 246006 35947 2409595 1620002 700148 89445 856377 849735 28414 -21772 0 87009 0 87009 0 152861 0 152861 0 0 0 143484 0 143484 0 357540 0 357540 0 407654 321186 82468 4000 2416378 1135605 1145021 135752 369946 73561 274332 22053 0 1323511 1251195 72316 0 1347853 981549 354208 12096 0 0 0 0 3521360 3521360 0 0 391513 381 391132 0 SERVICES PURCHASED/MAINT. 5648554 2249809 3375031 23714 DEBT SERVICE 1948790 0 1948790 0 ENRICHMENT 1662661 274563 1232179 155919 MEMBERSHIPS 229765 62705 148060 19000 BAD DEBT EXPENSE 161791 0 161791 60584036 44087458 15171614 1324964 6386467 12879208 1464796 3382802 11036252 23347110 0 0 218882 1120638 96695042 39570154 57996064 57124888 28270528 27621020 23539420 53120409 166479 160828 129078888 178756903 8956375 10789027 188900 188900 22120000 20920000 5231430 5067674 36496705 36965601 X 55922548 85499372 24200769 38616888 12458866 17675042 92582183 141791302 129078888 178756903 X 41772571 7436548 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 43064913 22617404 7535774 2080487 71137604 41069806 1037026 3234862 2277781 43063913 49267575 1582227 -7357911 2422085 41069806 0.85000 0.13000 0.02000 true false 260000 260000 65716738 21315191 44401547 11606141 9452958 2153183 19112162 8802004 10310158 57124888 PERPETUAL TRUSTS 3974840 F HEDGE FUNDS 15628014 F REAL ESTATE FUNDS AND LPS 25862769 F INVESTMENT IN LAND 2480000 F PRIVATE EQUITY LPS 4785604 F OTHER INVESTMENTS 389182 F 53120409 0 DEPOSITS 806392 CAPITAL LEASE OBLIGATION 159282 LINE OF CREDIT 4102000 5067674 Endowment Funds Schedule D, Part V The intended uses of the unviverstiy's endowment funds are for scholarships, professorships, faculty development, building & grounds, library, academic, and other. FIN 48 (ASC) Footnote Schedule D, Part X, Line 2 The university analyzed its tax positions for the year ended June 30, 2011 and determined that there were no uncertain tax positions that would have a material impact on the University's financial statements. The university recognizes interest and penalties, if any, related to unrecognized tax benefits as income tax expense in the statement of activities. During the year, the University did not accrue any interest or penalties. true true true true true true true false false false false false false false false true false true NONDISCRIMINATORY POLICY SCHEDULE E, LINE 3 QUEENS UNIVERSITY OF CHARLOTTE PUBLISHED THE FOLLOWING STATEMENT IN ITS ADMISSION MATERIALS, STUDENT APPLICATION, AND IN ITS MEDIA ADVERTISEMENTS: "ADMISSION IS GRANTED TO QUALIFIED APPLICANTS WITHOUT REGARD TO RACE, AGE, CREED, HANDICAP, OR NATIONAL OR ETHNIC ORIGIN." FINANCIAL AID/ASSISTANCE FROM A GOVERNMENTAL AGENCY SCHEDULE E, LINE 6A The University participates in the following programs: Federal Pell Grants, Federal Academic Competitiveness Grants (ACG), Federal National Science and Mathematics Access to Retain Talent Grants (National Smart Grant), Federal Supplemental Educational Opportunity Grants (FSEOG), Federal Subsidized Stafford Loans, Federal Unsubsidized Stafford Loans, Federal Perkins Loans, Federal Parent (PLUS) Loans, and Federal Work Study Program. The University also receives various federal grants and contracts for academic and scientific research. true WORK STUDY PROGRAMS 119 51091 STUDENT AID SCHOLARSHIPS 1473 12921295 Monitoring the use of grants Schedule I, Part I, Line 2 Scholarships and Fellowships are awarded by Queens University of Charlotte to students based on their academic achievement, talent in the fine arts, and participation in intercollegiate athletics. The awards are based on their performance levels. Students are also awarded need-based scholarships and grants based on their need as established by completing the Free Application for Federal Student Aid (FAFSA) and, if applicable, by specific criteria and guidelines for other federal and state programs. X X true true X X X X X false false false false false false false false false PAMELA LEWIS DAVIES 237382 0 18620 0 13099 0 18375 0 50026 0 337502 0 0 0 JAMES BULLOCK 180037 0 62061 0 7967 0 13905 0 10506 0 274476 0 0 0 BRIAN RALPH 144042 0 16979 0 89 0 11576 0 21486 0 194172 0 0 0 J NORRIS FREDERICK JR 132570 0 0 0 11248 0 10660 0 20705 0 175183 0 0 0 WILLIAM CODY 156018 0 0 0 0 0 11806 0 7243 0 175067 0 0 0 TERRY BRODERICK 150000 0 0 0 0 0 0 0 375 0 150375 0 0 0 ROBERT FINLEY 124641 20700 0 0 32721 0 9457 0 7219 0 174038 20700 0 0 WILLIAM SPARKS 107870 21350 0 0 38540 0 9185 0 7122 0 162717 21350 0 0 CHARLES BAMFORD 132096 21600 0 0 6000 0 9907 0 330 0 148333 21600 0 0 GARY POWELL 112760 15500 0 0 22000 0 8588 0 7495 0 150843 15500 0 0 CATHERINE S ANDERSON 112327 31150 0 0 142 0 8619 0 8335 0 129423 31150 0 0 residence for personal use and social club dues Schedule J, Part I, Line 1a Queens owns and provides a residence for the President which is located on the campus. This residence is used frequently for business purposes such as meetings, receptions and entertaining donors. The value was not treated as taxable compensation. Queens also provides the President with a membership to a country club (Myers Park Country Club). This membership is used primarily for business purposes such as meetings, receptions and entertaining donors. The value was not treated as taxable comepnsation. In addition, the President and the Vice President for Advancement are provided with memberships to a social club (Charlotte City Club) which are used solely for business purposes such as entertaining donors. The value was not treated as taxable compensation. Deferred Compensation Schedule J, Part II, Column (C) Amounts reported as deferred compensation are the employer's match to the 403(b) plan, which is applicable to all participating employees. determining compensation Schedule J, Part I, Line 3 The president's compensation is determined and approved by the Compensation Committee of the Board of Trustees. This committee utilizes information from the 990 returns of other benchmark institutions, compensation surveys of other private colleges and universities, and other benchmarks obtained by the members of the committee as information in the compensation determination process. These discussions are documented in the minutes and files of the Compensation Committee. NC CAPITAL FACILITIES FINANCE AGENCY 561592154 65818PAC3 2009-10-01 32305000 REFUND PRIOR TAX EXEMPT BOND ISSUE false false false 0 0 32305000 0 0 0 0 0 0 0 32305000 0 2002 true false true true false false false false true 0.00000 0.00000 0.00000 true false true false false false false X 1 X 32 777089 FMV X 1 125000 APPRAISAL X 2 23250612 APPRAISAL X HOSTING A PARTY 2 0 0 X ATLANTA RECEPTION 1 0 0 X UPPER LEVEL BIOLOGY LAB 1 0 0 1 false true false Why no value was assessed to Non-cash gifts Schedule M, Part 1, Line 33 The university does not seek an appraisal, nor does the university record as revenue, any non-cash item donated unless the donor provides an independent third-party appraisal as part of Form 8283. The stock gifted to Queens is sold immediately upon the transfer, which is how a cash value is determined for the stock. Review of Form 990 Form 990, Part VI, Section B, Question 11 The draft Form 990 was reviewed with the President of Queens. The Compensation Committee of the Board of Trustees reviewed the compensation-related sections of the draft From 990. All voting member of the Board of Trustees were provided with access to the draft Form 990 via a secure website. All of these reviews occurred prior to filing the form 990. monitoring conflicts of interest Form 990, Part VI, Section B, Line 12c At least annually, all employees are reminded of the University's conflict of interest policy and all new employees are educated about the policy during the hiring process. Supervisors look for potential conflicts of interest for employees under their supervision and disclose such potential conflicts as necessary. determining compensation Form 990, Part VI, Section B, Line 15a and b The President's compensation is determined and approved by the Compensation Committee of the Board of Trustees. This committee utilizes information from the 990 returns of other benchmark institutions, compensation surveys of other private colleges and universities, and other benchmarks obtained by the members of the committee as information in the compensation determination process. These discussions are documented in the minutes and files of the compensation committee. The President determines the compensation for the other officers of the university. She utilizes information from the 990 returns of other benchmark institutions, compensation surveys of other private colleges and universities, and other benchmark data in the compensation determination process. DOCUMENTS AVAILABLE TO THE PUBLIC FORM 990, PART VI, SECTION C, QUESTION 19 None of these documents are available to the general public; however, any of these documents are available upon request. other changes in net assets Form 990, Part XI, Line 5 Net Unrealized Gains on Investments 7,436,548 SUPPLEMENTAL INFORMATION FOR TAX-EXEMPT BONDS SCHEDULE K, PART V ON OCTOBER 1, 2009, THE UNIVERSITY RESTRUCTURED ITS OUSTANDING TAX-EXEMPT NORTH CAROLINA EDUCATIONAL FACILITIES FINANCE AGENCY VARIABLE RATE EDUCATIONAL FACILITIES REVENUE BONDS (QUEENS COLLEGE), SERIES 1999A AND SERIES 1999B, AND NORTH CAROLINA EDUCATIONAL FACILITIES FINANCE AGENCY EDUCATIONAL FACILITIES REVENUE BONDS (QUEENS COLLEGE), SERIES 2001, (THE "RESTRUCTURED BONDS"), ORIGINALLY ISSUED ON OCTOBER 14, 1999 AND MAY 10, 2001, RESPECTIVELY. THIS RESTRUCTURING WAS UNDERTAKEN TO REAMORTIZE THE PRINCIPAL PAYMENT SCHEDULES FOR THE RESTRUCTURED BONDS, BUT NO OTHER TERMS OF THE RESTRUCTURED BONDS WERE CHANGED, INCLUDING THE MATURITY DATES. THIS RESTRUCTURING CONSTITUTED A REISSUANCE OF THE RESTRUCTURED BONDS UNDER APPLICABLE FEDERAL TAX LAW. EXECUTIVE LEADERSHIP INSTITUTE INC 1900 SELWYN AVENUE CHARLOTTE NC 28274 562232163 EDUCATION NC 501(C)(3) TYPE I NA false false false false false false false false false false false false true false false false false false