2026-03-12T08:30:38-05:00 2025-05-31 882730877 CHERRY BEKAERT ADVISORY LLC 1111 METROPOLITAN AVE STE 900 CHARLOTTE NC 28204 990 2024-06-01 560530251 CATAWBA COLLEGE CATA 7046454853 2300 W INNES STREET SALISBURY NC 28144 BOB WALLETT VP OF FINANCE & ADMINISTRATION 7046454853 2026-03-10 1 1 MELANIE MCPEAK P01346034 7043771678 2024 2025-03-06 01:10:19Z BOB WALLETT 2300 W INNES STREET SALISBURY NC 28144 323880744 0 X WWW.CATAWBA.EDU X 1851 NC CATAWBA COLLEGE WAS FOUNDED IN NEWTON, NORTH CAROLINA, IN 1851 BY THE GERMAN REFORMED CHURCH. THE COLLEGE - WHICH IS TODAY AFFILIATED WITH THE UNITED CHURCH OF CHRIST - MOVED TO ITS PRESENT LOCATION IN SALISBURY IN 1925. THE COLLEGE ENDEAVORS TO ATTRACT STUDENTS BOTH NATIONALLY AND INTERNATIONALLY OF GOOD ABILITY AND CHARACTER. A PRIVATE, CO-EDUCATIONAL INSTITUTION, CATAWBA OFFERS THE BACHELOR OF ARTS, BACHELOR OF ARTS-EDUCATION, BACHELOR OF BUSINESS ADMINISTRATION, BACHELOR OF FINE ARTS, BACHELOR OF SCIENCE, AND MASTER OF EDUCATION TO TRADITIONAL AND NON-TRADITIONAL STUDENTS. THE COLLEGE ALSO SERVES THE PUBLIC THROUGH EDUCATIONAL OUTREACH AND VOLUNTEER SERVICE PROGRAMS FOR THE WORLD COMMUNITY. 20 20 765 25 289726 129993 70635105 254774703 46696711 50776155 2503955 4859624 4704 95644 119840475 310506126 26537728 30113533 0 0 25733137 29680227 0 22500 1632824 26266368 35354657 78537233 95170917 41303242 215335209 557500506 833178617 12168249 14697620 545332257 818480997 X CATAWBA COLLEGE IS COMMITTED TO PROVIDING STUDENTS AN EDUCATION RICH IN PERSONAL ATTENTION THAT BLENDS THE KNOWLEDGE AND COMPETENCIES OF LIBERAL STUDIES WITH CAREER PREPARATION. CATAWBA COLLEGE DRAWS STRENGTH FROM JUDEO-CHRISTIAN VALUES, SUSTAINS A DYNAMIC COMMUNITY OF LEARNERS AND SEEKS TO UNITE A DIVERSE POPULATION OF STUDENTS, FACULTY AND STAFF AS ACTIVE CO-PARTICIPANTS IN SCHOLARSHIP AND SERVICE. CATAWBA COLLEGE PREPARES STUDENTS TO REACH THEIR HIGHEST POTENTIAL WHILE BECOMING RESPONSIBLE CITIZENS WITH ZEAL TO ENRICH HUMAN LIFE. 0 0 66860554 30113533 50776155 CATAWBA COLLEGE IS A PRIVATE, COEDUCATIONAL, AND RESIDENTIAL INSTITUTION OFFERING CAREER PREPARATION GROUNDED IN THE LIBERAL ARTS TRADITION. WE OFFER OVER 70 ACADEMIC FIELDS OF STUDY INCLUDING STRONG SCIENCE AND PRE-PROFESSIONAL PROGRAMS. 66860554 1 1 0 0 0 0 1 0 1 1 1 0 0 1 1 1 1 0 1 0 1 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 169 0 1 765 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 20 20 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 NC X STEPHANIE ISHAM 7046374354 2300 W INNES STREET SALISBURY NC 28144 BARBARA L MARSHALL VICE CHAIR (TERM'D 3/25/25)/CHAIR (BEGAN 3/25/25) 1.00 0.00 X X 0 0 0 ROBERT B ARNOLD JR CHAIR (TERM'D 3/25/25) 1.00 0.00 X X 0 0 0 GERALD FRANCIS DIRECTOR/VICE CHAIR (BEGAN 3/25/25) 1.00 0.00 X X 0 0 0 RONALD J MACCARONI TREASURER 1.00 0.00 X X 0 0 0 DR RANDALL S CRUMPLER SECRETARY 1.00 0.00 X X 0 0 0 C SHUFORD ABERNETHY III DIRECTOR (TERM'D 3/25/25) 1.00 0.00 X 0 0 0 GREGORY M ALCORN DIRECTOR (TERM'D 3/25/25) 1.00 0.00 X 0 0 0 MARK ALEXANDER DIRECTOR 1.00 0.00 X 0 0 0 GWIN BARR DIRECTOR 1.00 0.00 X 0 0 0 GARY BLABON DIRECTOR 1.00 0.00 X 0 0 0 TOM BURDETTE DIRECTOR 1.00 0.00 X 0 0 0 TINA COSTINO JONES DIRECTOR 1.00 0.00 X 0 0 0 JAMES CRUMEL DIRECTOR 1.00 0.00 X 0 0 0 THOMAS STOKES DENNARD DIRECTOR (TERM'D 3/25/25) 1.00 0.00 X 0 0 0 BART EDGE DIRECTOR 1.00 0.00 X 0 0 0 WILLIAM M GRAHAM DIRECTOR 1.00 0.00 X 0 0 0 GLEN LLOYD DIRECTOR (BEGAN 3/25/25) 1.00 0.00 X 0 0 0 NICK MEANS DIRECTOR (BEGAN 3/25/25) 1.00 0.00 X 0 0 0 MARVIN MOORE DIRECTOR 1.00 0.00 X 0 0 0 RICHARD SEIWELL DIRECTOR 1.00 0.00 X 0 0 0 FRED J STANBACK JR DIRECTOR 1.00 0.00 X 0 0 0 LEE SYRIA DIRECTOR 1.00 0.00 X 0 0 0 BILL WAGONER DIRECTOR 1.00 0.00 X 0 0 0 MONA WALLACE DIRECTOR (TERM'D 3/25/25) 1.00 0.00 X 0 0 0 SALLY WHITNEY DIRECTOR 1.00 0.00 X 0 0 0 DAVID P NELSON PRESIDENT 40.00 0.00 X 328357 0 33495 MONICA COWART EVP & PROVOST 40.00 0.00 X 244900 0 20011 MARGARET K DEES VP OF DEVELOPMENT 40.00 0.00 X 228379 0 2447 SANDRA QUAYE VP PF FINANCE AND ADMIN 40.00 0.00 X 126500 0 9389 IMRAN G CHOWDHURY DEAN OF SCHOOL OF BUSINESS 40.00 0.00 X 221583 0 16583 LEE BALL VP OF SUSTAINABILITY/EXEC 40.00 0.00 X 176353 0 15788 CAYCE C WILL CHIEF INFORMATION OFFICER 40.00 0.00 X 158105 0 16520 JOHN E MORRISON EXECUTIVE DIRECTOR, CLEAN 40.00 0.00 X 149817 0 15137 MICHELLE P CADDIGAN VP OF ATHLETICS 40.00 0.00 X 147982 0 7640 VALERIE RAKES CHAIR OF NURSING DEPARTMENT 40.00 0.00 X 145191 0 16520 CHRISTINE LYNN ASSOC. DEAN OF SCHOOL OF BUSINESS 40.00 0.00 X 143950 0 7203 JARED TICE SVP & CHIEF STRATEGY OFFICER 40.00 0.00 X 140977 0 14715 2212094 0 175448 40 0 1 0 THE BUDD GROUP INC PO BOX 890856 CHARLOTTE NC 28289 OUTSOURCED PROPERTY AND MAINTENANCE SERV 3832867 TRUIST PO BOX 580057 CHARLOTTE NC 282580057 CREDIT CARD PAYMENTS 3091167 COMPASS GROUP USA INC CHARTWELLS DIN 3 INTERNATIONAL DRIVE RYE BROOK NY 10573 DINING SERVICES 2959902 CMTA INC P O BOX 532313 ATLANTA GA 30353 CONSTRUCTION 2688772 BALFOUR BEATTY CONSTRUCTION GROUP INC 1930 CAMDEN ROAD SUITE 280 CHARLOTTE NC 28203 CONSTRUCTION 1794926 36 355737 254418966 254774703 TUITION AND FEES 611310 39470023 39470023 AUXILIARY INCOME 611710 9393518 9249851 143667 ATHLETIC INCOME 611620 197068 51009 146059 1715546 1715546 50776155 6592730 6592730 11580885 11586319 1727672 -5434 -1727672 -1733106 -1733106 45627 355737 60627 -15000 -15000 DUKE SOLAR REBATES 900099 110644 110644 110644 310506126 50486429 289726 4955268 26839882 26839882 3273651 3273651 1736419 1368992 367427 22228624 16337352 5240099 651173 1031809 758025 213039 60745 3061860 2133553 928307 1621515 1111326 440196 69993 221897 89249 132648 295745 118952 176793 22500 22500 8662750 3493305 4946302 223143 1589190 639190 949305 695 861017 337743 487561 35713 7020774 1800648 5212456 7670 2082342 1797055 233292 51995 623819 483976 103735 36108 7269 2924 4345 5322377 3885335 1437042 914217 156385 757799 33 DINING 2920587 1174693 1732325 13569 SUPPLIES 2195243 882951 1300700 11592 BAD DEBT EXPENSE 832097 832097 STUDENT ACTIVITIES 129324 52016 77308 1676009 660246 935295 80468 95170917 66860554 26677539 1632824 709139 744238 64305389 103477856 4342915 3305554 2120884 2629155 72579 0 578092 350417 160313917 58252581 91469340 102061336 114016073 127208547 279886095 493401514 557500506 833178617 4066115 7062685 3042911 3648137 139391 0 4919832 3986798 12168249 14697620 X 56859079 55682418 488473178 762798579 545332257 818480997 557500506 833178617 X 215335209 9885676 47927855 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 2 189.00 0 0 1 1 1 260.00 95204 0 1 X 386330862 205719884 61151160 38293492 614908414 321799566 5049164 74121930 14639798 386330862 282582660 46099819 6999095 13882008 321799566 88095197 213392493 -17004937 5507213 278975540 71539000 2654000 16595000 2693000 88095000 0.00150 0.99850 0.00000 0 0 2544052 2544052 127079668 49944079 77135589 15897590 6247974 9649616 14792607 2060528 12732079 102061336 BENEFICIAL INTERESTS IN TRUSTS 489589033 CASH SURRENDER VALUE OF LIFE INSURANCE 1060992 ASSETS HELD IN CHARITABLE TRUSTS 286216 ROU LEASE ASSET 2420691 GIFT ANNUITY 44582 493401514 ANNUITIES PAYABLE 284877 LIABILITY UNDER TRUST AGREEMENTS 1090734 ASSET RETIREMENT OBLIGATION 871401 OPERATIONG LEASE OBLIGATION 276748 FINANCE LEASE OBLIGATION 1463038 3986798 X 338266751 9885676 17814322 27699998 310566753 -60627 -60627 310506126 65118011 60627 60627 65057384 30113533 30113533 95170917 PART II, LINE 5: WE USE THE CONSERVATION EASEMENTS AS THE POLICY DOCUMENTS, AND DO ANNUAL INSPECTIONS FOR THE THREE RIVERS LAND TRUST, WALK EACH PROPERTY YEARLY WITH THE THREE RIVERS LAND TRUST STAFF, AND WE FOLLOW THEIR PROCEDURES SINCE THEY ARE ACTUALLY THE CO-SIGNEES OF THE CONSERVATION EASEMENTS. PART II, LINE 9: THE COLLEGE HOLDS PERPETUAL CONSERVATION EASEMENTS, THE PRESERVE, THAT RESTRICT DEVELOPMENT AND CERTAIN USES OF REAL PROPERTY IN ORDER TO PRESERVE NATURAL AREA CHARACTER, FORESTS, WETLANDS, RIPARIAN AREAS, WILDLIFE HABITAT, AND SCENIC OPEN-SPACE VALUES FOR PUBLIC BENEFIT. BECAUSE THE COLLEGE DOES NOT RECEIVE ECONOMIC BENEFIT FROM THE EASEMENTS, THEY ARE NOT RECORDED AS ASSETS IN THE ACCOMPANYING FINANCIAL STATEMENTS IN ACCORDANCE WITH ASC 958. PART IV, LINE 2B: DEPOSITS HELD IN CUSTODY FOR OTHERS ARE AMOUNTS BEING HELD FOR STUDENT CLUBS/ORGANIZATIONS THROUGH AGENCY TRANSACTIONS. PART V, LINE 4: THE COLLEGE'S ENDOWMENT CONSISTS OF APPROXIMATELY 600 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES BASED ON DONOR-IMPOSED RESTRICTIONS IN THE RELATIVE GIFT INSTRUMENT. THE PRIMARY USE OF FUNDS IS TO SUPPORT THE CAUSE OF HIGHER EDUCATION. THE PERCENTAGE REPORTED FOR PERMANENT ENDOWMENTS INCLUDES AMOUNTS THAT MUST BE MAINTAINED IN PERPETUITY AS WELL AS ACCUMULATED EARNINGS ON SUCH AMOUNTS THAT HAVE NOT YET BEEN APPROPRIATED FOR EXPENDITURE. PART X, LINE 2: THE COLLEGE IS EXEMPT FROM FEDERAL AND STATE INCOME TAXATION UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC"). IN ACCORDANCE WITH IRC REGULATIONS, THE COLLEGE IS TAXED ON UNRELATED BUSINESS INCOME, WHICH CONSISTS OF EARNINGS FROM ACTIVITIES NOT RELATED TO THE EXEMPT PURPOSE OF THE COLLEGE. THE COLLEGE ACCOUNTS FOR TAX UNCERTAINTIES BASED ON A MORE LIKELY THAN NOT RECOGNITION THRESHOLD WHEREBY TAX BENEFITS ARE ONLY RECOGNIZED WHEN THE COLLEGE BELIEVES THAT THEY HAVE A GREATER THAN 50% LIKELIHOOD OF BEING SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN LIABILITY UNDER TRUST AGREEMENTS 5,782. CHANGE IN BENEFICIAL INTERESTS AND CHARITABLE TRUSTS 217,061. CHANGE IN BENEFICIAL INTERESTS HELD AT FFTC 47,705,012. SCHOLARSHIPS SHOWN NET OF TUITION REVENUE -30,113,533. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -60,627. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 60,627. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS SHOWN NET OF TUITION REVENUE 30,113,533. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE POLICY IS INCLUDED IN ALL MEDIA AND IN ALL LITERATURE DISTRIBUTED. ADDITIONALLY, IT IS POSTED IN THE LOCAL NEWSPAPER WITH ALL JOB ADVERTISEMENTS (THIS IS DONE SEVERAL TIMES A YEAR). SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES ASSISTANCE FROM SEVERAL DIFFERENT GOVERNMENTAL AGENCIES. U.S. DEPARTMENT OF EDUCATION: FEDERAL WORK STUDY PROGRAM FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAM FEDERAL DIRECT STUDENT LOANS FEDERAL PELL GRANT PROGRAM NORTH CAROLINA STATE EDUCATION ASSISTANCE AUTHORITY: NORTH CAROLINA NEED GRANT NORTH CAROLINA FORGIVABLE LOAN NORTH CAROLINA GOLDEN LEAF GRANT 0 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 SCHOLARSHIP FOREIGN STUDENT SCHOLARSHIPS 164370 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 SCHOLARSHIP FOREIGN STUDENT SCHOLARSHIPS 1683971 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 0 0 SCHOLARSHIP FOREIGN STUDENT SCHOLARSHIPS 31500 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 SCHOLARSHIP FOREIGN STUDENT SCHOLARSHIPS 234000 RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, 0 0 SCHOLARSHIP FOREIGN STUDENT SCHOLARSHIPS 92500 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 0 0 SCHOLARSHIP FOREIGN STUDENT SCHOLARSHIPS 449540 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 0 0 SCHOLARSHIP FOREIGN STUDENT SCHOLARSHIPS 196415 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 0 SCHOLARSHIP FOREIGN STUDENT SCHOLARSHIPS 288655 0 0 SCHOLARSHIP FOREIGN STUDENT SCHOLARSHIPS 132700 0 0 0 0 0 0 3140951 132700 3273651 TUITION REDUCTION 6 132700 TUITION REDUCTION TUITION RATES TUITION REDUCTION EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 5 164370 TUITION REDUCTION TUITION RATES TUITION REDUCTION EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 42 1683971 TUITION REDUCTION TUITION RATES TUITION REDUCTION MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 1 31500 TUITION REDUCTION TUITION RATES TUITION REDUCTION NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 6 234000 TUITION REDUCTION TUITION RATES TUITION REDUCTION RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, 2 92500 TUITION REDUCTION TUITION RATES TUITION REDUCTION SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 11 449540 TUITION REDUCTION TUITION RATES TUITION REDUCTION SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 5 196415 TUITION REDUCTION TUITION RATES TUITION REDUCTION SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 6 288655 TUITION REDUCTION TUITION RATES 0 0 0 0 0 0 SCHEDULE F, PART III, COLUMN (B) HOME REGION OF FOREIGN GRANT RECIPIENTS WAS NOT KEPT ON RECORD DURING THE YEAR FOR 6 STUDENTS. POLICIES AND PROCEDURES ARE IN PROGRESS TO ADOPT BEST PRACTICES ASSOCIATED WITH DOCUMENTING AND MAINTAINING FOREIGN GRANT INFORMATION. IN ADDITION, A DIRECTOR OF FOREIGN STUDIES HAS BEEN HIRED TO SUPPORT THE DEVELOPMENT AND IMPLEMENTATION OF THESE NEW PROCESSES. SCHEDULE F, PART I, LINE 1 FULL INFORMATION REGARDING FOREIGN GRANT RECIPIENTS WAS NOT KEPT ON RECORD DURING THE YEAR. POLICIES AND PROCEDURES ARE IN PROGRESS TO ADOPT BEST PRACTICES ASSOCIATED WITH DOCUMENTING AND MAINTAINING FOREIGN GRANT INFORMATION. X X X X X X X 0 MCALLISTER & QUINN LLC 1625 EYE ST NW SUITE 750 WASHINGTON DC 20006 GRANT WRITING 0 0 22500 -22500 22500 -22500 GOLF CLASSIC 188113 162537 25576 16355 16900 7239 82 FIRST PITCH 130877 120200 10677 8803 1874 1 82374 73000 9374 597 6282 1000 1495 401364 355737 45627 16952 23182 17042 3451 60627 -15000 1 SCHOLARSHIPS & TUITION DISCOUNTS 1270 5875604 20964278 TUITION RATES REDUCED TUITION RATES PART I, LINE 2: PROCEDURES FOR APPLYING FOR FINANCIAL AID: WHENEVER POSSIBLE, CATAWBA COLLEGE WILL SUPPLEMENT THE FINANCIAL RESOURCES OF A STUDENT THROUGH MERIT, PERFORMANCE-BASED, AND NEED-BASED SCHOLARSHIPS AND GRANTS. A POTENTIAL STUDENT APPLIES AND IS ACCEPTED TO CATAWBA COLLEGE. AT THE TIME OF THEIR ACCEPTANCE, MERIT AID IS DETERMINED BY THE ADMISSIONS COUNSELOR ACCEPTING THE APPLICATION BASED ON A MATRIX CHART THAT HAS BEEN SET UP WITH REGARD TO GPA AND SAT SCORES, LIVING ON OR OFF CAMPUS, AND A SEPARATE TRANSFER STUDENT MATRIX. SCHOLARSHIPS ARE APPLIED DIRECTLY TO THE STUDENTS' ACCOUNT AND, THUS, MUST BE USED FOR EDUCATIONAL PURPOSES. CATAWBA COLLEGE REFERS TO THE NCAA DIVISION II MANUAL FOR POLICIES REGARDING STUDENT ATHLETES. THE FINANCIAL AID DIRECTOR SIGNS OFF ON THE SQUAD LISTS AND CHECKS FOR ELIGIBILITY WITH THE COMPLIANCE DIRECTOR. THE ASSOCIATE DIRECTOR OF FINANCIAL AID IS RESPONSIBLE FOR ENTERING THE ATHLETIC INFORMATION INTO THE CAI SYSTEM. THE CAI SYSTEM IS ALSO USED TO DETERMINE EQUIVALENCY COMPUTATIONS. X X X X 1 1 X X X 1 0 0 0 0 0 0 0 0 DAVID P NELSON PRESIDENT 328357 0 0 0 0 0 14604 0 18891 0 361852 0 0 0 MONICA COWART EVP & PROVOST 244900 0 0 0 0 0 12200 0 7811 0 264911 0 0 0 IMRAN G CHOWDHURY DEAN OF SCHOOL OF BUSINESS 221583 0 0 0 0 0 16163 0 420 0 238166 0 0 0 MARGARET K DEES VP OF DEVELOPMENT 228379 0 0 0 0 0 2047 0 400 0 230826 0 0 0 LEE BALL VP OF SUSTAINABILITY/EXEC 176353 0 0 0 0 0 8631 0 7157 0 192141 0 0 0 CAYCE C WILL CHIEF INFORMATION OFFICER 158105 0 0 0 0 0 7905 0 8615 0 174625 0 0 0 JOHN E MORRISON EXECUTIVE DIRECTOR, CLEAN 149817 0 0 0 0 0 7461 0 7676 0 164954 0 0 0 VALERIE RAKES CHAIR OF NURSING DEPARTMENT 145191 0 0 0 0 0 8851 0 7669 0 161711 0 0 0 JARED TICE SVP & CHIEF STRATEGY OFFICER 140977 0 0 0 0 0 7049 0 7666 0 155692 0 0 0 MICHELLE P CADDIGAN VP OF ATHLETICS 147982 0 0 0 0 0 7322 0 318 0 155622 0 0 0 CHRISTINE LYNN ASSOC. DEAN OF SCHOOL OF BUSINESS 143950 0 0 0 0 0 6898 0 305 0 151153 0 0 0 PART I, LINE 1A THE CURRENT PRESIDENT, DAVID P. NELSON, HAS, AS PART OF HIS CONTRACT, HOUSING, UTILITIES, INSURANCE, AND RELATED EXPENSES PAID FOR BY THE COLLEGE. THE RESIDENCE IS PROVIDED FOR THE CONVENIENCE OF THE COLLEGE IN ORDER TO HAVE THE FUNCTIONS OF THE OFFICE OF THE PRESIDENT EFFICIENTLY CONDUCTED AND AS A CONDITION OF EMPLOYMENT AS PRESIDENT OF THE COLLEGE. FOR THE BENEFIT AND CONVENIENCE OF THE COLLEGE, THE PRESIDENT'S RESIDENCE IS AVAILABLE AND USED ON A REGULAR AND CONTINUING BASIS FOR COLLEGE-RELATED BUSINESS AND ENTERTAINMENT. THIS ARRANGEMENT IS TREATED AS A NON-TAXABLE FRINGE BENEFIT. CLUB DUES ARE PAID ON BEHALF OF THE PRESIDENT, EVP / PROVOST, VP OF DEVELOPMENT, AND THE ATHLETIC DIRECTOR. THESE MEMBERSHIPS ARE USED FOR BONA FIDE BUSINESS PURPOSES ONLY AND ARE THEREFORE TREATED AS NON-TAXABLE BENEFITS. IN ADDITION, THE COLLEGE PAYS FOR THE PRESIDENT TO TRAVEL WITH HIS SPOUSE TO ATTEND DONOR CULTIVATION, FUNDRAISING, AND OTHER OFFICIAL COLLEGE-RELATED EVENTS WHEN HER PRESENCE SERVES A LEGITIMATE BUSINESS PURPOSE. THE PRESIDENT'S SPOUSE REGULARLY PARTICIPATES IN DONOR ENGAGEMENT, STEWARDSHIP, AND INSTITUTIONAL REPRESENTATION ACTIVITIES THAT ADVANCE THE COLLEGE'S DEVELOPMENT OBJECTIVES. PART I, LINE 4A DURING 2024, THE FOLLOWING SEVERANCE PAYMENTS WERE PAID: STEPHAN MOORE $31,523 , MEREDITH COLE $72,842, SANDRA QUAYE $53,963, AND JESSICA BROOKER $13,462. FORM 990, PART VI, SECTION A, LINE 2 WILLIAM GRAHAM AND MONA WALLACE ARE LAW PARTNERS. FORM 990, PART VI, SECTION B, LINE 11B THE AVP OF FINANCE REVIEWS THE FORM 990. THE FORM 990 IS ALSO REVIEWED BY THE CFO & VP OF FINANCE AND ADMINISTRATION AS WELL AS THE FINANCE COMMITTEE. THE FULL BOARD RECEIVES THE PUBLIC DISCLOSURE COPY OF THE RETURN IN ORDER TO PROTECT DONOR PRIVACY. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST STATEMENTS ARE SIGNED BY EACH MEMBER OF THE BOARD OF TRUSTEES ON AN ANNUAL BASIS. IN THE EVENT OF A POTENTIAL CONFLICT DURING THE YEAR, THAT MEMBER WILL REFRAIN FROM PARTICIPATING IN THE CONSIDERATION OF THE PROPOSED TRANSACTION IN QUESTION. THIS PERSON WILL NOT VOTE ON OR TAKE ANY POSITION FOR OR AGAINST THE PROPOSED TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 THE COLLEGE UTILIZES A "COMMITTEE OF THE PRESIDENCY OF THE BOARD OF TRUSTEES" THAT EVALUATES THE PRESIDENT ON PREDETERMINED GOALS AND THE ASSESSMENT OF POSITIVE ACHIEVEMENTS. THE COMMITTEE APPROVES AND DETERMINES THE PRESIDENTIAL SALARY AND SALARY INCREASES. THE PRESIDENT REVIEWS THE POSITIONS OF THE SENIOR VICE PRESIDENT OF DEVELOPMENT, VICE PRESIDENT OF ADMISSIONS, PROVOST AND THE VICE PRESIDENT OF FINANCE TO ESTABLISH SALARY LEVELS BASED ON PERFORMANCE. ALL DISCUSSIONS ARE DOCUMENTED IN THE MINUTES OF THE MEETING. CATAWBA USES INFORMATION FROM NORTH CAROLINA INDEPENDENT COLLEGES AND UNIVERSITIES (NCICU) AND THE COOPER STANDARD SALARY RESOURCE TO DETERMINE MARKET COMPARABLES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND THE FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTERESTS IN TRUSTS 217,061. CHANGE IN LIABILITY UNDER TRUST AGREEMENTS 5,782. CHANGE IN BENEFICIAL INTERESTS HELD AT FFTC 47,705,012. CATAWBA GREEN STEP SOLAR LLC 2300 W INNES STREET SALISBURY NC 28144 472317712 COLLECT ENERGY CREDITS NC -1670 16477 CATAWBA COLLEGE CHARITABLE REMAINDER TRUSTS (9) INVESTMENT NC N/A T 0 CHARITABLE LEAD TRUST (1) INVESTMENT NC N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0