2011-05-15T15:09:44-05:00 2010-06-30 RSM McGladrey Inc 230 N Elm St Ste 1100 Greensboro NC 27401 990 2009-07-01 560529990 PFEIFFER UNIVERSITY PFEI 7044631360 PO BOX 960 MISENHEIMER NC 28109 MICHAEL MILLER 7044631360 2011-05-15 Tamela Freedman 3362724551 2009 2016-02-24 21:20:13Z MICHAEL MILLER PO BOX 960 MISENHEIMER NC 28109 40201820 0 X WWW.PFEIFFER.EDU X 1938 NC PFEIFFER UNIVERSITY IS A COMPREHENSIVE UNITED METHODIST-RELATED UNIVERSITY, WITH MULTIPLE CAMPUSES AND DELIVERY SYSTEMS, COMMITTED TO EDUCATIONAL EXCELLENCE, SERVICE, AND SCHOLARSHIP. WITHIN NURTURING COMMUNITIES OF LEARNERS, WE VALUE DIVERSITY AND PROMOTE THE ATTAINMENT OF FULL ACADEMIC AND PERSONAL POTENTIAL THROUGH ACCESSIBLE UNDERGRADUATE AND GRADUATE PROGRAMS. IT IS THE VISION OF THE UNIVERSITY THAT OUR STUDENTS EMBRACE THE CHRISTIAN VALUES OF HUMAN DIGNITY, INTEGRITY, AND SERVICE AND BECOME SERVANT LEADERS AND LIFELONG LEARNERS. 36 36 382 138 0 0 4738908 4246369 27043835 28660876 -2000935 601670 83793 194991 29865601 33703906 8356393 8676681 0 13506660 12858766 0 980896 10647575 12030380 32510628 33565827 -2645027 138079 44502070 45927209 24618684 25563008 19883386 20364201 PFEIFFER UNIVERSITY IS A COMPREHENSIVE UNITED METHODIST-RELATED UNIVERSITY, WITH MULTIPLE CAMPUSES AND DELIVERY SYSTEMS, COMMITTED TO EDUCATIONAL EXCELLENCE, SERVICE, AND SCHOLARSHIP. WITHIN NURTURING COMMUNITIES OF LEARNERS, WE VALUE DIVERSITY AND PROMOTE THE ATTAINMENT OF FULL ACADEMIC AND PERSONAL POTENTIAL THROUGH ACCESSIBLE UNDERGRADUATE AND GRADUATE PROGRAMS. IT IS THE VISION OF THE UNIVERSITY THAT OUR STUDENTS EMBRACE THE CHRISTIAN VALUES OF HUMAN DIGNITY, INTEGRITY, AND SERVICE AND BECOME SERVANT LEADERS AND LIFELONG LEARNERS. 0 0 18656949 28665921 PFEIFFER UNIVERSITY IS A COMPREHENSIVE UMC-RELATED UNIVERSITY WITH MULTIPLE CAMPUSES AND DELIVERY SYSTEMS PROVIDING HIGHER EDUCATION DEGREES THROUGH UNDERGRADUATE, GRADUATE, AND ADULT LEARNER PROGRAMS. 8676681 8676681 SCHOLARSHIPS AND SIMILAR FINANCIAL AID FOR STUDENTS. 27333630 1 1 0 0 0 0 0 0 1 1 1 0 1 1 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 1 0 0 1 95 0 382 1 0 1 GM 0 0 0 0 0 0 0 36 36 0 0 1 0 1 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X ROBIN LESLIE VP FOR FINANCE 7044633042 PFEIFFER UNIVERSITY HWY 52 MISENHEIMER NC 28109 GREGORY HUNTER 1.00 X X 0 0 0 J KEITH CRISCO 1.00 X X 0 0 0 LINN EVANS 1.00 X X 0 0 0 GEORGE THOMPSON 1.00 X X 0 0 0 MILDRED CARTER 1.00 X 0 0 0 WINSLOW HAYES GALLOWAY 1.00 X 0 0 0 ROBERT D KNAPP 1.00 X 0 0 0 WILLIAM T MEDLIN III 1.00 X 0 0 0 BENJAMIN ROBINSON 1.00 X 0 0 0 MARSHALL ROGERS 1.00 X 0 0 0 BRIAN SULLIVAN 1.00 X 0 0 0 CHRISTOPHER L BRAMLETT 1.00 X 0 0 0 FRANK B COOK 1.00 X 0 0 0 HENRY FARMER 1.00 X 0 0 0 MARY ELIZABETH FRANCIS 1.00 X 0 0 0 WILLIAM A GOODSON JR 1.00 X 0 0 0 ROBERT H HEROLD II 1.00 X 0 0 0 CARL M HILL 1.00 X 0 0 0 ERNEST KNOTTS 1.00 X 0 0 0 JULIAN A LINDSEY 1.00 X 0 0 0 RALPH M MCALISTER 1.00 X 0 0 0 THOMAS A ALDRIDGE 1.00 X 0 0 0 AMY COLES 1.00 X 0 0 0 GRADY GASTON 1.00 X 0 0 0 ROSEMARIE GENTLE 1.00 X 0 0 0 DAWN LUCAS 40.00 X 38400 0 10074 THOMAS GRADY 1.00 X 0 0 0 DAVID MCILQUHAM 1.00 X X 0 0 0 JAMES CASHION JR 1.00 X 0 0 0 ANNE DANIEL 1.00 X 0 0 0 C HERBERT SCHNEIDER 1.00 X 0 0 0 TONY DENNIS 1.00 X 0 0 0 RONALD E GARROW 1.00 X 0 0 0 BOBBY GRIFFIN 1.00 X 0 0 0 DAVID JONES 1.00 X 0 0 0 JAMES E NANCE 1.00 X 0 0 0 RICHARD PETTY 1.00 X 0 0 0 JOY MELTON 1.00 X 0 0 0 BENNY MERRELL 1.00 X 0 0 0 STEVE PUGH 1.00 X 0 0 0 DANA RADER 1.00 X 0 0 0 RICHARD THAMES 1.00 X 0 0 0 JONATHAN T SMITH 1.00 X 0 0 0 DON SUMMERS 1.00 X 0 0 0 ELLIOTT WILLIAMS 1.00 X 0 0 0 ROBERT L TAYLOR JR 1.00 X 0 0 0 EDWIN WELCH JR 1.00 X 0 0 0 JULIA WILLIS 1.00 X 0 0 0 GEORGE P WATERS 1.00 X 0 0 0 BISHOP LARRY GOODPASTER 1.00 X 0 0 0 CHARLES AMBROSE 40.00 X 209713 0 12291 TRACY ESPY 40.00 X 107019 0 11171 SHON R HERRICK 40.00 X 106379 0 10875 ROBERT C STEWART 40.00 X 85664 0 10807 ROBIN S LESLIE 40.00 X 82398 0 6660 KATHY C ODELL 40.00 X 65232 0 6444 STEVEN L CUMMING 40.00 X 55616 0 8805 TIM A COLEY 40.00 X 65427 0 3625 CHRISTOPHER B HUGHES 40.00 X 32329 0 10009 DANA A MCKIM 40.00 X 42985 0 7202 RUSSELL H SHARPLES 40.00 X 23865 0 67 MICHAEL P POLL 40.00 X 67781 0 6513 ROBERT K SPEAR 40.00 X 104594 0 10690 JOEL E VICKERS 40.00 X 118423 0 1284 BARNETT R PARKER 40.00 X 106875 0 8404 1312700 0 124921 6 0 1 0 SODEXHO SERVICES INC PO BOX 905374 CHARLOTTE NC 28290 MAINTENANCE 831457 VILLAGE OF MISENHEIMER PO BOX 100 MISENHEIMER NC 28109 SECURITY SERVICES 201480 POYNER & SPRUILL 301 S COLLEGE STREET CHARLOTTE NC 28202 LEGAL SERVICES 162124 JENZABAR PO BOX 845939 BOSTON MA 02284 TECHNOLOGY 160888 WHELAN GROUP 4129 COMMERCIAL CENTER DRIVE AUSTIN TX 78744 ADVERTISING 118155 6 12689 1764223 2469457 257393 4246369 TUITION AND FEES 611710 23907787 23907787 DORMITORY & HOUSING 611710 2695927 2695927 FOOD SERVICE & VENDING 611710 1630677 1630677 OTHER SOURCES, ATHLETI 611710 380734 380734 BOOKSTORE 451211 45751 45751 28660876 367316 367316 189946 189946 189946 189946 6716712 6482358 234354 234354 234354 15556 12689 15556 0 OTHER AUXILIARY INCOME 611710 5045 5045 5045 33703906 28665921 0 791616 8676681 8676681 1093084 56224 952507 84353 9338318 6957198 1893044 488076 114296 88008 21716 4572 1423554 1138843 242004 42707 889514 684926 169008 35580 92 92 162124 162124 120575 120575 122097 122097 212075 212075 228228 175736 38799 13693 1046160 774158 167386 104616 979139 783311 166454 29374 3609748 3465358 108292 36098 1024630 768473 153695 102462 39507 31606 6716 1185 354659 354659 1619338 1554565 48580 16193 128253 102602 21803 3848 STUDENT BOARD 1272881 1272881 SPECIAL EVENTS 201122 153841 34668 12613 BAD DEBT 129725 129725 PROFESSIONAL MEMBERSHIP 92106 73685 15658 2763 687921 575534 109624 2763 33565827 27333630 5251301 980896 424886 1087776 3062697 5463460 1057470 943844 958816 781528 1153584 1047591 132426 109495 569721 476367 39363688 14448620 26252093 24915068 9360446 10491961 1529931 610119 44502070 45927209 2299851 2505763 1775276 1763928 310327 259777 16420000 15660000 1920311 3526366 1892919 1847174 24618684 25563008 X 3292889 2863217 3325178 3682293 13265319 13818691 19883386 20364201 44502070 45927209 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11843108 464552 1167111 184241 187178 122097 12981255 16054578 326093 -3357293 495533 591748 92989 11843108 0.01430 0.98570 0 0 3361340 3361340 30001659 10604536 19397123 5064557 3490719 1573838 936132 353365 582767 24915068 ANNUITIES PAYABLE 142329 CAPITAL LEASES 502936 INTEREST RATE SWAP LIABILITY 1201909 1847174 33703906 33565827 138079 611306 -268570 342736 480815 25263420 611306 -8945251 -8333945 33597365 122097 -15556 106541 33703906 24782605 15556 15556 24767049 122097 8676681 8798778 33565827 Part V, Line 4: Description of Intended Use of Endowment Funds: ENDOWMENT FUNDS ARE USED AS DIRECTED BY DONOR STIPULATION AND APPLICABLE LAWS. THESE RESOURCES FUND SCHOLARSHIPS, MAINTENANCE, AND OTHER PROGRAMS AND INITIATIVES THAT FURTHER THE VISION AND MISSION OF THE UNIVERSITY. Part X: Description of Uncertain Tax Positions Under FIN 48: Pfeiffer University is a tax-exempt entity under Section 501(c)(3) of the Internal Revenue Code ("IRC"). The Village is a C Corporation responsible for paying federal and state taxes under the IRC. The Campus, the Offices, and the Residences are single member limited liability companies owned by the Village. Under the IRC, the Village pays federal and state taxes on income earned by the Campus, the Offices, and the Residences. Part XI, Line 8 - Other Adjustments: LOSS ON INTEREST RATE SWAP: -268570. Part XII, Line 2d - Other Adjustments: RECLASSIFICATION OF SCHOLARSHIPS: -8676681. LOSS ON INTEREST RATE SWAP: -268570. Part XII, Line 4b - Other Adjustments: RECLASSIFICATION OF FUNDRAISING EVENTS EXPENSES: -15556. Part XIII, Line 2d - Other Adjustments: RECLASSIFICATION OF FUNDRAISING EVENTS EXPENSES: 15556. Part XIII, Line 4b - Other Adjustments: RECLASSIFICATION OF SCHOLARSHIPS: 8676681. 1 1 1 THE UNIVERSITY INCLUDES THE RACIALLY NONDISCRIMATORY POLICY IN ALL ITS BROCHURES, CATALOGUES AND OTHER WRITTEN COMMUNICATIONS WITH THE PUBLIC THAT RELATES TO STUDENT ADMISSIONS, PROGRAMS AND SCHOLARSHIPS. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 EXPENDITURES OF FEDERAL AWARDS SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT $ 122,775 FAMILY EDUCATION LOAN PROGRAM 12,234,774 WORK STUDY 136,822 PELL GRANT PROGRAM 1,770,473 PERKINS LOAN PROGRAM 155,325 ACADEMIC COMPETITIVENESS GRANT 41,800 NATL SCI & MATH ACCESS TO RETAIN TALENT GRANT 10,000 TITLE III GRANTS 282,974EXPENDITURES OF STATE AWARDS STATE CONTRACTUAL SCHOLARSHIP PROGRAM $ 957,429 NC LEGISLATIVE TUITION GRANTS 1,162,877 EDUCATION ACCESS REWARD NC SCHOLARSHIP 140,000 NC STATE INCENTIVE GRANT PROGRAM 13,000 NC LOTTERY 120,972 NC PROSPECTIVE TEACHER AWARDS 9,000 TEACHER ASST SCHOLARSHIP FUND 13,200 1 GOLF TOURNAMENT 28245 12689 15556 2400 8000 2883 2273 28245 12689 15556 2400 8000 2883 2273 15556 0 1 SCHOLARSHIPS 1013 8676681 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: SCHOLARSHIPS ARE MONITORED EACH YEAR BY FINANCIAL AID IN CONJUNCTION/CONSULTATION WITH THE ADVANCEMENT DEPARTMENT. X 1 1 X X X 0 0 0 0 0 0 0 0 0 CHARLES AMBROSE 204608 0 0 0 5105 0 1709 0 10582 0 222004 0 0 0 Part I, Line 1a HOUSING ALLOWANCES ARE GRANTED TO EMPLOYEES THAT ARE REQUIRED TO LIVE ON CAMPUS, ARE PART-TIME COACHES, OR IF INCLUDED IN TERMS OF EMPLOYMENT. SUCH ALLOWANCES ARE PROVIDED AS MONTHLY INCOME IN THE AMOUNT OF RENT AND AN ADDITIONAL 25% MARKUP TO COVER ANY TAXES. ANNUALLY, SUCH EMPLOYEES SIGN A RENTAL CONTRACT EACH JULY FOR THE UPCOMING LEASE TERM. NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY 561952154 65818PEN5 2006-09-01 17850000 FINANCING CAPITAL PROJECTS 0 0 17850000 231768 4635273 2008 1 0 1 1 0 0 0 0 0 0 1 1 0 0 0 0 X 5 38055 APPRAISAL X 2943 DONOR RECEIPT X 25968 RECEIPT/>$5K APPRAISAL X 10 160697 FAIR MARKET VALUE X 6 2825 DONOR RECEIPT X 15 2306 DONOR RECEIPT X EDUCATIONAL EQUIPMENT 21 7707 DONOR RECEIPT/>$5K APPRAISAL X TRAVEL 11 6069 DONOR RECEIPT X EVENTS/TICKETS/CAMPS 38 10823 DONOR RECEIPT 1 0 1 0 Method for Determining Number of Contributors: Part I, Column (b): THE NUMBER OF CONTRIBUTORS SHOWN IN COLUMN B IS REPRESENTATIVE OF THE NUMBER OF CONTRIBUTORS. Form 990, Part VI, Section A, line 4 SIGNIFICANT CHANGES WERE MADE TO THE BYLAWS. KEY REVISIONS INCLUDE DECREASING THE MAXIMUM BOARD SIZE, MODIFYING THE MAKEUP OF THE BOARD FOR INCREASED FLEXIBILITY, ESTABLISHING TERM LIMITS FOR OFFICERS, RESTRUCTURING CERTAIN COMMITTEES FOR ENHANCED ACCOUNTABILITY, AND CREATING A MORE EVENLY SPREAD MEETING SCHEDULE. CHANGES WERE ALSO MADE TO UPDATE FOR USE OF ELECTRONIC COMMUNICATION. Form 990, Part VI, Section A, line 6 THE BOARD OF TRUSTEES HAS 36 VOTING MEMBERS, CONSISTING OF 34 BOARD TRUSTEES AND TWO EX-OFFICIO MEMBERS (THE PRESIDENT AND PRESIDENT-ELECT OF THE ALUMNI BOARD). THE EXECUTIVE COMMITTEE HOLDS THE AUTHORITY TO ACT ON BEHALF OF THE BOARD. THE EXECUTIVE COMMITTEE IS COMPOSED OF THE BOARD CHAIR, PAST CHAIR, VICE-CHAIR, SECRETARY, TREASURER, AND CHAIRS OF ALL STANDING COMMITTEES. ALL MEMBERS OF THE EXECUTIVE COMMITTEE ARE TRUSTEES. Form 990, Part VI, Section B, line 11 PFEIFFER'S FINANCIAL ANALYST FACILITATES THE GATHERING OF INFORMATION FROM VARIOUS AREAS AND REVIEWS ALL INFORMATION WITH THE CHIEF FINANCIAL OFFICER. ONCE A DRAFT IS RECEIVED FROM THE PREPARERS THE CHIEF FINANCIAL OFFICER AND THE FINANCIAL ANALYST REVIEW THE 990 PRIOR TO SUBMISSION. Form 990, Part VI, Section B, line 12c THE CONFLICT OF INTEREST POLICY APPLIES TO EVERY BOARD OF TRUSTEE MEMBER, EMPLOYEE, INDEPENDENT CONTRACTOR AND VOLUNTEER AT PFEIFFER UNIVERSITY. ALL COVERED INDIVIDUALS MUST ANNUALLY REVIEW AND SIGN THE POLICY. IF AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST IS BELIEVED TO EXIST, THE INDIVIDUAL MUST IMMEDIATELY AND FULLY DISCLOSE THE POTENTIAL CONFLICT IN WRITING TO THAT INDIVIDUAL'S IMMEDIATE SUPERVISOR OR TO THE PRESIDENT, PROVOST, VICE PRESIDENT OF FINANCIAL SERVICES OR THE BOARD OF TRUSTEES EXECUTIVE COMMITTEE. THE AFOREMENTIONED PARTY WILL REVIEW SUCH CONFLICT AND APPROVE OR DISAPPROVE OF THE INDIVIDUAL'S INVOLVEMENT IN ANY TRANSACTIONS OR DECISIONS RELATED TO SUCH CONFLICT OF INTEREST. Form 990, Part VI, Section B, line 15 THE EXECUTIVE COMMITTEE REVIEWS PEER METRICS TO DETERMINE THE PRESIDENT'S COMPENSATION. ALL COMPENSATION MEETINGS AND DETERMINATIONS ARE DOCUMENTED IN THE EXECUTIVE COMMITTEE MINUTES, AND AGREED UPON TERMS AND CONDITIONS OF EMPLOYMENT ARE RECOGNIZED IN A SIGNED EMPLOYMENT AGREEMENT. COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES IS BASED ON ANNUAL PERFORMANCE EVALUATIONS. THE DIRECT SUPERVISOR COMPLETES THE ANNUAL PERFORMANCE EVALUATIONS, THE SUPERVIOSR SIGNS THE EVALUATION. THE DEPARTMENT SUPERVISOR THEN REVIEWS AND SIGNS THE EVALUATION. AT THAT POINT THE EVALUATION IS SHARED WITH THE EMPLOYEE FOR ANY ADDITIONAL INPUT. THEN THE EMPLOYEE SIGNS THE DOCUMENT AND IT IS FORWARDED TO THE HUMAN RESOURCES DEPARTMENT. Form 990, Part VI, Section C, line 19 THE CONFLICT OF INTEREST POLICY IS AVAILABLE TO THE PUBLIC VIA THE UNIVERSITY WEBSITE. HOWEVER, THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE NOT PUBLISHED FOR THE PUBLIC BY PFEIFFER UNIVERSITY, BUT ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 2C, AUDIT/FINANCE COMMITTEE: THE FINANCE/AUDIT COMMITTEE'S PROCESS OF AUDIT EVALUATION HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART IV, LINE 14A: THE UNIVERSITY MAINTAINED A TEMPORARY OFFICE FOR A RECRUITER IN GERMANY FOR A PORTION OF THE FISCAL YEAR. AS OF JUNE 30, 2010 PFEIFFER NO LONGER MAINTAINS THE GERMANY OFFICE. CAMPUS AT PFEIFFER LLC 4701 PARK ROAD CHARLOTTE NC 28209 205671256 CAMPUS CAPITAL PROJECTS NC 0 4283797 N/A 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 CAMPUS AT PFEIFFER LLC B 207450