2011-02-11T12:42:30-06:00 2010-06-30 Haigh Byrd & Lambert LLP PO Box 53349 Fayetteville NC 283053349 990 2009-07-01 560657294 THE METHODIST UNIVERSITY INC METH 9106307000 5400 RAMSEY STREET FAYETTEVILLE NC 283111420 DAWN AUSBORN 9106307610 2011-02-10 1 MARCUS A HEDGEPETH 9104831437 2009 2016-02-24 21:20:13Z DR M ELTON HENDRICKS 5400 RAMSEY STREET FAYETTEVILLE NC 283111420 59427857 0 X WWW.METHODIST.EDU X 1956 NC UNDERGRADUATE AND GRADUATE EDUCATION 38 35 1480 0 604202 -450306 4393583 4417077 41304301 48853418 -82815 498810 804673 7945 46419742 53777250 11413215 13613407 0 21941161 22530810 0 449174 13015989 14985160 46370365 51129377 49377 2647873 67938109 74490033 28874769 32120269 39063340 42369764 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. 0 0 36423420 39010194 POST SECONDARY EDUCATION: METHODIST UNIVERSITY PROVIDES BOTH UNDERGRADUATE & GRADUATE EDUCATION, FOUNDED IN LIBERAL ARTS, TO APPROXIMATELY 2700 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. 9212458 9843224 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. 45635878 1 1 0 1 0 0 0 1 1 1 1 1 1 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 114 0 1 1480 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 38 35 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X DAWN AUSBORN 9106307610 5400 RAMSEY STREET FAYETTEVILLE NC 283111420 DR RICHARD R ALLEN SR 0.00 X 0 0 0 MR KEITH ALLISON 0.00 X X 0 0 0 DR MARY LYNN BRYAN 0.00 X 0 0 0 MR A HOWARD BULLARD 0.00 X X 0 0 0 MR ALFRED E CLEVELAND 0.00 X 0 0 0 DR LOLETA WOOD FOSTER 0.00 X 0 0 0 REV DR R CARL FRAZIER 0.00 X 0 0 0 REV DR BRIAN G GENTLE 0.00 X 0 0 0 MR LES A GRIFFIN 0.00 X 0 0 0 GENRET JOHN W HANDY 0.00 X 0 0 0 MRS BETTY UPCHURCH HAST 0.00 X 0 0 0 MR J DANIEL HIGHSMITH 0.00 X 0 0 0 MRS DOROTHY B HUBBARD 0.00 X 0 0 0 MRS JANE HOOK JOHNSON 0.00 X 0 0 0 DR J WESLEY JONES 0.00 X 0 0 0 MR JERRY A KEEN 0.00 X 0 0 0 MR EARL D LEAKE 0.00 X 0 0 0 MR O RAY MANNING JR 0.00 X X 0 0 0 DR ERIC L MANSFIELD 0.00 X 0 0 0 DR ALLEN G MASK JR 0.00 X 0 0 0 MR RON B MATTHEWS 0.00 X 0 0 0 MR GEORGE W MILLER JR 0.00 X 0 0 0 DR HW MILLER IV 0.00 X 0 0 0 MR DAVID R NIMOCKS II 0.00 X 0 0 0 MR RICHARD PLAYER JR 0.00 X 0 0 0 MR DON PRICE 0.00 X 0 0 0 DR JOHN W SCHRADER 0.00 X 0 0 0 DR LOUIS SPILMAN JR 0.00 X 0 0 0 MR DAVID K TAYLOR JR 0.00 X 0 0 0 MRS ANN H THORNTON 0.00 X 0 0 0 MR THOMAS L WALDEN SR 0.00 X 0 0 0 MR CHARLES E WARREN 0.00 X 0 0 0 MR WILLIAM R WEST SR 0.00 X 0 0 0 MR JASON A WILLIAMS 0.00 X 0 0 0 MR HARVEY T WRIGHT 0.00 X X 0 0 0 REV DR SAMUEL WYNN 0.00 X 0 0 0 MR RAMON L YARBOROUGH 0.00 X 0 0 0 DR M ELTON HENDRICKS 40.00 X 240371 0 19231 GENE T CLAYTON 40.00 X 117273 0 4831 ROBIN DAVENPORT 40.00 X 61109 0 4123 MICHAEL SAFLEY 40.00 X 77208 0 4831 DONALD LASSITER 40.00 X 78107 0 4116 GEORGE BLANC 40.00 X 61510 0 4116 RICK LOWE 40.00 X 72821 0 4123 DR DELMAS CRISP 40.00 X 107376 0 4831 815775 0 50202 3 0 1 0 SOUTHERN PIPING CO PO BOX 12228 WILMINGTON NC 28405 HVAC/CONSTRUCTION 345414 WORLDVIZ LLC 29W ANAPAMU ST STE 101-121 SANTA BARBARA CA 93101 SIMULATION DEVELOPMENT 176028 GORDON JOHNSON ARCHITECTURE 654 HAY ST FAYETTEVILLE NC 28301 ARCHITECTURAL SERVICES 110118 3 136940 2338247 1941890 16812 4417077 TUITION AND FEES 38094149 38094149 DORM REVENUES 4568624 4568624 BOARD REVENUES 2703597 2703597 GOLF COURSE REVENUES 713910 610286 610286 2876762 2876762 48853418 456670 3766 452904 5666384 17962 5616573 25633 49811 -7671 42140 2179 -9850 49811 16346 136940 8401 7945 7945 53777250 48253256 604202 502715 13613407 13613407 815775 318915 435751 61109 17452028 15602663 1754184 95181 813855 684011 122045 7799 2119336 1800947 301680 16709 1329816 1148470 169380 11966 24260 24260 56073 56073 128363 32363 96000 410538 242085 155356 13097 208977 95365 109942 3670 641429 427511 113604 100314 155075 93965 56083 5027 3551474 3328529 217988 4957 780955 731518 46956 2481 115491 52349 63133 9 2353213 2157677 194498 1038 374618 102728 269015 2875 FOOD SERVICES CONTRACT 1674584 1674584 BOOKSTORE COST OF GOODS 1213235 1213235 SUPPLIES 1167159 925167 232776 9216 EQUIPMENT RENT & REPAIR 671947 398754 272607 586 HOSPITALITY 390785 304559 73084 13142 1066984 719439 343547 3998 51129377 45635878 5044325 449174 182053 4948773 9318201 1296453 1446537 824812 666391 876556 19139 322864 291666 263305 342228 75183679 25962566 45426747 49221113 10537814 13893599 827992 1478219 85000 158680 67938109 74490033 2757982 1906396 966821 1209061 21380000 20750000 172180 2064194 5412406 1705772 2670226 28874769 32120269 X 28442774 30805945 3585738 3992606 7034828 7571213 39063340 42369764 67938109 74490033 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 96000 0 1 32363 128363 0 Part II-B, Line 1i: Explanation of Other Lobbying Activities: THE UNIVERSITY PAID MEMBERSHIP DUES OF $32,363 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 QUESTION 1g THE UNIVERSITY UTILIZES 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. 77066 X X 0 0 1 13602521 912602 1486165 620261 564313 70775 14745939 16011157 1184105 -1996590 547031 988849 60271 13602521 0.45000 0.55000 0 0 2280159 2280159 53623160 16419017 37204143 12026 4309 7717 9533952 6785485 2748467 9734382 2753755 6980627 49221113 FEDERAL PORTION PERKINS LOANS DUE 561237 INTEREST RATE SWAP LIABILITY 1914308 STUDENT DORM DEPOSITS 78540 ANNUITY LIABILITY 116141 2670226 53777250 51129377 2647873 959817 -301266 658551 3306424 40854630 959815 -13942307 -12982492 53837122 -59872 -59872 53777250 37548208 59872 59872 37488336 13641041 13641041 51129377 Part IV, Line 2b: BANK ACCOUNTS FOR STUDENT CLUBS & OTHER AFFILIATED GROUPS Part XI, Line 8 - Other Adjustments: BOOK/TAX DEPRECIATION ADJUSTMENT $27,634 UNREALIZED LOSS ON INTEREST RATE SWAP <$328,900> Part XII, Line 2d - Other Adjustments: SPONSORED SCHOLARSHIPS <$13,613,407> UNREALIZED LOSS ON INTEREST RATE SWAP <$328,900> Part XII, Line 4b - Other Adjustments: FUNDRAISING EXPENSES <$8,401> GOLF COURSE COST OF SALES <$51,471> Part XIII, Line 2d - Other Adjustments: FUNDRAISING EXPENSES $8,401 GOLF COURSE COST OF SALES $51,471 Part XIII, Line 4b - Other Adjustments: BOOK/TAX DEPRECIATION ADJUSTMENT $27,634 SPONSORED SCHOLARSHIPS $13,613,407 PART III - THE UNIVERSITY MAINTAINS A FEW HISTORICAL COLLECTIONS WITHIN ITS LIBRARY, INCLUDING DRAWINGS, LETTERS, MONOGRAPHS, BOOKS & RECORDS. PART V - THE INTENDED USE OF THE UNIVERSITY'S ENDOWMENT FUNDS ARE TO PROVIDE SCHOLARSHIPS TO STUDENTS, AND CASH RESERVES TO THE UNIVERSITY. 1 1 1 METHODIST UNIVERSITY PUBLICIZES ITS RACIALLY NON-DISCRIMINATORY POLICY IN ITS ANNUAL ACADEMIC CATALOG, ON ITS WEBSITE, AND IN ALL ADVERTISEMENTS & SOLICITATIONS 1 1 1 1 0 0 0 0 0 0 0 0 1 0 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. 1 EAST ASIA & THE PACIFIC PROGRAM SERVICES STUDENT RECRUITMENT 10000 CENTRAL AMERICA & CARIBBEAN PROGRAM SERVICES STUDENT RECRUITMENT 21819 EUROPE PROGRAM SERVICES STUDENT RECRUITMENT 10000 CENTRAL AMERICA & CARIBBEAN PROGRAM SERVICES PEACE PROJECTS - STUDENT PUBLIC SERVICE 9859 0 0 51678 Schedule F, Part IV Other Information PART I COLUMN F - ACCOUNTING METHOD: THE AMOUNTS REPORTED IN COLUMN F REPRESENT EXPENSES OF THE UNIVERSITY'S INTERNATIONAL RECRUITING DEPARTMENT. THE UNIVERSITY'S ACCOUNTING SYSTEM DOES NOT TRACK THESE EXPENSES BY REGION. THE TOTAL EXPENSES WERE DIVIDED UP AMOUNG THE REGIONS VISITED BASED ON ESTIMATES OF REGIONAL COSTS TO TOTAL COSTS. LOYALTY DAY 94316 94316 PHONEATHON 36876 36876 2 22094 5748 16346 1455 200 1445 5301 153286 136940 16346 1455 200 1445 5301 8401 7945 1 TUITION ASSISTANCE 1755 13613407 FMV Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: PART I QUESTION 2 GRANTS TO RECIPIENTS IN THE U.S. INCLUDED TUITION ASSISTANCE APPLIED DIRECTLY TO STUDENTS' ACCOUNTS. X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 DR M ELTON HENDRICKS 216968 0 0 0 23403 0 0 0 19231 0 259602 0 248947 0 Part I, Line 1a 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. NC CAPITAL FACILITIES FINANCE AGENCY 561592154 65818OEF2 2005-10-13 24000000 REFUND SERIES 2000 BONDS 0 0 24000000 14895696 9104304 205689 8898615 2007 1 0 1 1 0 0 0 0 0 0 0 1 1 BANK OF AMERICA & WACHOVIA 0 0 1 SYSTEL OFFICE AUTOMATION SCHEDULE O 93340 SCHEDULE O 0 PLAYER INC SCHEDULE O 359426 SCHEDULE OCONSTR CONTRACTCONSTRUCTION CONTRACT 0 0 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. Form 990, Part VI, Section B, line 12c 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 15a 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 C, line 19 THE ORGANIZATION MAKES GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, & FINANCIAL STATEMENTS AVAILABLE ON THE UNIVERSITY'S WEBSITE. SCHEDULE L PART IV BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS SYSTEL OFFICE AUTOMATION - OWNED BY A TRUSTEE - COPIER LEASES PLAYER, INC. - SHAREHOLDER IS A TRUSTEE - CONSTRUCTION CONTRACT KING'S GRANT GOLF MANAGEMENT LLC 5400 RAMSEY STREET FAYETTEVILLE NC 28311 208176567 GOLF COURSE NC -416663 1617354 SINGLE MEMBER LLC WITH UNIVERSITY AS MEMBER METHODIST UNIVERSITY DEVELOPMENT CORPORATION 5400 RAMSEY STREET FAYETTEVILLE NC 28311 561972859 REAL ESTATE DEVELOPMENT NC REPORTS SEPARATELY ON FORM 1120 C 98687 1822102 1.00000 0 0 0 1 0 0 0 0 0 1 0 0 0 1 0 1 0 0 KING'S GRANT GOLF MANAGEMENT LLC D 202099 METHODIST UNIVERSITY DEVELOPMENT CORP D 682329 METHODIST UNIVERSITY DEVELOPMENT CORP J 186000 DE MINIMIS N DE MINIMIS P