2011-01-10T16:06:15-06:00 2010-06-30 CROSS FERNANDEZ & RILEY LLP 201 S ORANGE AVE SUITE 800 ORLANDO FL 328013421 990 2009-07-01 590704726 BETHUNE-COOKMAN UNIVERSITY Inc BETH 3864812030 640 DR MARY MCLEOD BETHUNE BLVD DAYTONA BEACH FL 321143099 E Dean Montgomery 3864812030 2011-01-10 1 Anne-Marie Barrett CPA 4078416930 2009 2016-02-24 21:20:13Z E Dean Montgomery 640 DR MARY MCLEOD BETHUNE BLVD DAYTONA BEACH FL 321143099 78819227 0 X WWW.COOKMAN.EDU X 1904 FL to serve the educational, social, and cultural needs of its students. 34 34 1264 50 0 0 16194974 14364033 64249300 63014988 -2810975 -73707 439799 521361 78073098 77826675 11645884 11623095 0 31000640 31171086 0 1004328 32594711 29937876 75241235 72732057 2831863 5094618 122720664 130714982 30717956 30496009 92002708 100218973 To serve the educational, social and cultural needs of its students. 0 0 33798355 46790583 Instruction: Bethune-Cookman University offers Bachelor of Arts and Bachelor of Science degrees in 39 major areas, through six major divisions; Business, Education, Humanities, Nursing, Science/Mathematics and Social Sciences. The University also offers a Master's program. 11623095 11623095 Student Aid: Grants and Scholarships were provided to students based on academic and athletic achievement and financial need. The University also participates in various Federal and State programs offering financial aid to students. 10271923 15780329 Auxiliary Services: Through its Food Services department, meal plans are provided for students living on campus. A cafeteria is also available for off-campus students, faculty and visitors. Various athletic programs are also offered for students. 4344679 Institutional Support: The University maintains eight residence halls that provide full living facilities for approximately 1800 students. All residence halls are connected to the internet. The bookstore offers textbooks and other supplies for the students. 4344679 60038052 1 1 0 1 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 109 0 1264 1 0 0 0 0 0 0 0 34 34 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X E DEAN MONTGOMERY 3864812030 640 DR MARY MCLEOD BLVD DAYTONA BEACH FL 32114 Berrece Andrews Jr X 0 0 0 Rev Dr William S Barn X 0 0 0 Byrd Bonner Esquire X 0 0 0 Rev Dr Randolph Bracy X 0 0 0 Matthew L Brown X 0 0 0 Jacob F Bryan IV X 0 0 0 Judge Prince Cartwright X 0 0 0 Audley Coakley X 0 0 0 The Honorable Dr Joyce X 0 0 0 Rev Dr L Ronald Durha X 0 0 0 Lois Fry X 0 0 0 Rev Dr Robert M Gibbs X 0 0 0 Dr Larry R Handfield X 0 0 0 Rev John Wesley Harring X 0 0 0 Dorothye Henderson X 0 0 0 Dr William E Hogan II X 0 0 0 Rev Dr Kevin M James X 0 0 0 Michael P Johnson X 0 0 0 Dr Irving J Matthews X 0 0 0 Johnny L McCray Jr E X 0 0 0 Dr Margaret McPhillips X 0 0 0 Ben Novello X 0 0 0 Joyce Odongo X 0 0 0 Joe Petrock X 0 0 0 Alexis Pugh X 0 0 0 Lee E Rhyant X 0 0 0 Rev Philip H Roughton X 0 0 0 Madeline Scales-Taylor X 0 0 0 John J Schroepfer X 0 0 0 Evelyn B Walker X 0 0 0 Bishop Timothy Walker X 0 0 0 Etienne R ET Winzer X 0 0 0 Rev Dr Thomas S Yow X 0 0 0 Rev Dr Eugene Zimmerma X 0 0 0 TRUDIE KIBBE REED 40.00 X 353409 0 30722 E DEAN MONTGOMERY 40.00 X 248461 0 18649 SARAH WILLIAMS 40.00 X 46191 0 48 RAYMOND SHACKELFORD 40.00 X 100811 0 0 FRANKLIN PATTERSON 40.00 X 112384 0 4562 WILLIS WALTER 40.00 X 113693 0 16631 SHIRLEY RANGE 40.00 X 91647 0 4582 JEFFERY SMITH 40.00 X 89840 0 5866 MELISSA PETERS 40.00 X 136074 0 21399 AUBREY E LONG 40.00 X 107742 0 10287 LYNN THOMPSON 40.00 X 123738 0 15179 DONOVAN WELLS 40.00 X 110458 0 19477 1634448 0 147402 9 0 1 0 Gourmet Services Inc 82 Piedmont Avenue Atlanta GA 30303 Cafeteria Services 3167064 Allegiance Security Inc P O BOX 890983 Charlotte NC 282890983 Security Services 2121560 TDH Construction Inc PO BOX 530729 Debary FL 327530729 Construction Contractor 1034000 WFF Facilities Inc PO BOX 958204 St Louis MO 631958204 Housekeeping Services 881981 Ernst & Young PO Box 933514 Atlanta GA 31193 Accountant 173500 6 9496831 4867202 14364033 TUITION & FEES 611710 46790583 46790583 AUXILIARY enterprises 611710 15780329 15780329 STUDENT SERVICES 611710 444076 444076 63014988 918845 918845 22070 22070 22070 22070 992552 -992552 -992552 -992552 ROOM DEPOSIT FORFEIT 900099 429295 429295 RECOVERED BAD DEBT 900099 45811 45811 misc income 900099 24185 24185 499291 77826675 63490094 0 -27452 11623095 11623095 1143185 236842 814696 91647 25069379 20865753 3699673 503953 825596 684857 129451 11288 2380316 1675346 662049 42921 1752610 1486130 227406 39074 213468 750 212718 183249 183249 170294 170294 5209612 3986931 1131844 90837 6306991 5544172 748633 14186 2603869 2285650 280050 38169 1252018 1001614 250404 3235145 2588116 647029 1340038 1072030 268008 Food Service 2905139 2905139 Security 1279913 1279913 Professional Services 1225407 533022 588990 103395 EQUIPment Rental & Main 906352 906352 AThletic Expenses 426637 418607 8030 2679744 943733 1675183 60828 72732057 60038052 11689677 1004328 864726 872298 25404701 20765842 267396 257518 2225358 5904088 384435 464816 105102567 37334839 62554495 67767728 30366485 34035220 653068 647472 122720664 130714982 4133923 5125580 19755000 18855000 6565572 6272147 263461 243282 30717956 30496009 X 67669689 74408854 15453324 16686391 8879695 9123728 92002708 100218973 122720664 130714982 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 12500 0 0 12500 0 30353606 263363 3704616 341378 132166 170293 33677748 39606786 575111 -9201476 287501 137456 201858 30353606 0.43000 0.54000 0.03000 0 0 6457468 6457468 83061974 32085266 50976708 9403242 5249573 4153669 6179883 6179883 67767728 EQUITY & DEBT MUTUAL FUNDS 32299412 F COMMON STOCKS 1714990 F SHORT-TERM INVESTMENT FUNDS 20818 F 34035220 STUDENT DEPOSITS 243282 243282 77826675 72732057 5094618 3928420 -806773 3121647 8216265 69154932 3928420 -12429869 -8501449 77656381 170294 170294 77826675 60938667 0 60938667 170294 11623096 11793390 72732057 Part X: Description of Uncertain Tax Positions Under FIN 48: The University is recognized as exempt from federal income taxes under Section 501(a) as an organization described in Section 501(c)(3) of the Internal Revenue Code. Accordingly, the financial statements do not reflect a provision for income taxes. Part XI, Line 8 - Other Adjustments: CHANGE IN VALUE OF INTEREST RATE SWAPS: -817916. change in value of split interest agreement: 11142. Rounding: 1. Part XII, Line 2d - Other Adjustments: CHANGE IN VALUE OF INTEREST RATE SWAP: -817916. change in value of split interest agreement: 11142. SCHOLARSHIP ALLOWANCE INCLUDED IN FUNCTIONAL EXPENSES: -11623095. Part XIII, Line 4b - Other Adjustments: SCHOLARSHIP ALLOWANCE INCLUDED IN FUNCTIONAL EXPENSES: 11623095. Rounding: 1. 1 1 1 The Policy is listed in admissions packets and college catalog as well as student/faculty handbooks. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 THE COLLEGE PARTICIPATES IN NUMEROUS FEDERAL AND STATE PROGRAMS ASLISTED BELOW. THESE PROGRAMS ARE AUDITED ANNUALLY IN ACCORDANCE WITHRELATED REGULATIONS.FEDERAL PROGRAMS:U.S. DEPARTMENT OF EDUCATIONCORPORATION FOR NATIONAL & COMMUNITY SERVICE (AMERICORPS)NATIONAL SCIENCE FOUNDATIONU.S. DEPARTMENT OF COMMERCESTATE PROGRAMS:FLORIDA DEPARTMENT OF EDUCATIONFLORIDA DEPARTMENT OF HIGHWAY SAFETY AND MOTOR VEHICLESFLORIDA DEPARTMENT OF HEALTHFLORIDA DEPARTMENT OF STATE DIVISION OF HISTORICAL RESOURCES 1 1 Scholarships for Academic, Athletic and Financial Need 2800 11623095 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: Grants awarded are part of an overall scholarship program in which criteria and amounts awarded are recorded by grantee. X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 TRUDIE KIBBE REED 250000 0 66159 0 37250 0 18987 0 11735 0 384131 0 0 0 E DEAN MONTGOMERY 218461 0 30000 0 0 0 14023 0 4626 0 267110 0 0 0 MELISSA PETERS 97921 0 15000 0 23153 0 10206 0 11193 0 157473 0 0 0 Part I, Line 1a The President of the University receives a discretionary spending account, housing allowance and club dues. ALL are included in taxable compensation. Form 990, Part VI, Section B, line 11 A draft Form 990 is presented to the board of trustees finance committee before filing. Form 990, Part VI, Section B, line 12c Every year all board members are required to reaffirm in writing their compliance with the conflict of interest policy and to report any potential conflicts. Form 990, Part VI, Section B, line 15 The compensation committee of the Board of Trustees determines compensation for the President and other top management based on performance and comparable data obtained from institutions of comparable size. Form 990, Part VI, Section C, line 19 Governing documents are available on sunbiz.org. Financial statements are available by request.