2026-05-08T16:03:14-05:00 2025-06-30 882730877 CHERRY BEKAERT ADVISORY LLC 3800 GLENWOOD AVE SUITE 200 RALEIGH NC 27612 990 2024-07-01 560530242 MEREDITH COLLEGE MERE 9197608600 3800 HILLSBOROUGH STREET RALEIGH NC 27607 DR TAMMI D JACKSON VICE PRESIDENT FOR BUSINESS & FINAN 9197608600 2026-05-08 1 1 MELANIE MCPEAK P01346034 9197821040 2024 2025-03-06 01:10:19Z DR AIMEE SAPP 3800 HILLSBOROUGH STREET RALEIGH NC 27607 114192027 0 X WWW.MEREDITH.EDU X 1891 NC FOUNDED IN 1891, MEREDITH COLLEGE OFFERS COMPREHENSIVE LIBERAL ARTS AND PROFESSIONAL STUDIES FOR UNDERGRADUATE WOMEN. MEREDITH CHALLENGES STUDENTS TO DISCOVER WHAT MAKES THEM STRONG, BUILD ON THOSE STRENGTHS, AND PREPARE TO MAKE A POSITIVE IMPACT ON THE WORLD. WITH MORE THAN 90 MAJORS AND MINORS, AN ARRAY OF COEDUCATIONAL GRADUATE AND CERTIFICATE PROGRAMS, AND STRONGPOINTS, A POWERFUL STRENGTHS-FOCUSED PERSONAL COACHING INITIATIVE, IT'S NO WONDER U.S. NEWS, THE PRINCETON REVIEW, AND NICHE HAVE ALL NAMED MEREDITH A "BEST COLLEGE." 37 37 1128 37 -47582 0 11190491 10861784 69522292 68255631 1046814 7782586 0 40603 81759597 86940604 30939428 31043908 0 0 32760131 34656107 0 0 2101190 23894236 21375370 87593795 87075385 -5834198 -134781 219986295 228091942 56486135 54571376 163500160 173520566 MEREDITH COLLEGE, GROUNDED IN THE LIBERAL ARTS AND COMMITTED TO PROFESSIONAL PREPARATION, EDUCATES AND INSPIRES STUDENTS TO LIVE WITH INTEGRITY AND PROVIDE LEADERSHIP FOR THE NEEDS, OPPORTUNITIES AND CHALLENGES OF SOCIETY. 0 0 65030555 31043908 58733197 MEREDITH COLLEGE CHALLENGES STUDENTS TO DISCOVER WHAT MAKES THEM STRONG, BUILD ON THOSE STRENGTHS, AND PREPARE TO MAKE A POSITIVE IMPACT ON THE WORLD. WITH MORE THAN 90 MAJORS AND MINORS, OVER 30 GRADUATE AND CERTIFICATE PROGRAMS, AND STRONGPOINTS, A POWERFUL STRENGTHS-FOCUSED PERSONAL COACHING INITIATIVE, IT'S NO WONDER U.S. NEWS, THE PRINCETON REVIEW, AND NICHE HAVE ALL NAMED MEREDITH A "BEST COLLEGE." 8242439 9522434 AUXILIARY ENTERPRISES: THE COLLEGE PROVIDES A NUMBER OF SERVICES THAT SUPPORT LEARNING, BUILD COMMUNITY AND ENHANCE THE OVERALL QUALITY OF STUDENT LIFE. THESE INCLUDE, BUT ARE NOT LIMITED TO, RESIDENTIAL HOUSING, APARTMENTS, DINING, CAMPUS STORE AND MAIL SERVICES. 73272994 1 1 0 0 0 0 0 0 1 1 1 1 0 0 1 1 1 0 1 1 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 2151 0 1 1128 1 1 1 1 IT 0 0 0 0 0 0 0 0 0 0 X 37 37 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X DR TAMMI D JACKSON 9197608516 3800 HILLSBOROUGH ST RALEIGH NC 27607 CHARLES A ROYAL III CHAIRMAN 1.00 0.00 X X 0 0 0 ELLA PLYLER FRANTZ VICE CHAIRMAN 1.00 0.00 X X 0 0 0 CHRISTIE BISHOP BARBEE TRUSTEE 1.00 0.00 X 0 0 0 ELIZABETH TRIPLETT BEAM TRUSTEE 1.00 0.00 X 0 0 0 DAVID F BRANCH JR TRUSTEE 1.00 0.00 X 0 0 0 LENA EPPS BROOKER TRUSTEE 1.00 0.00 X 0 0 0 YVETTE M BROWN TRUSTEE 1.00 0.00 X 0 0 0 CHRISTOPHER LEE CANIPE TRUSTEE 1.00 0.00 X 0 0 0 PATRICIA WHISNANT CEASE TRUSTEE 1.00 0.00 X 0 0 0 ADRIENNE HINER COLE TRUSTEE 1.00 0.00 X 0 0 0 JOSEPHINE SMITH COOPER TRUSTEE 1.00 0.00 X 0 0 0 WILLIAM H CROUCH JR TRUSTEE 1.00 0.00 X 0 0 0 ANDREA OAKLEY FOX TRUSTEE 1.00 0.00 X 0 0 0 JENA MUNTZ GALLAGHER TRUSTEE 1.00 0.00 X 0 0 0 JAMES GAYNOR TRUSTEE 1.00 0.00 X 0 0 0 LESLIE LANDIS HAYES TRUSTEE 1.00 0.00 X 0 0 0 ALMA AMMONS HOFFMANN TRUSTEE 1.00 0.00 X 0 0 0 BRENDA PARKS HUGHES TRUSTEE 1.00 0.00 X 0 0 0 J HAYDEN JAMES III TRUSTEE 1.00 0.00 X 0 0 0 PATRICIA ARMSTRONG JOHNSON TRUSTEE 1.00 0.00 X 0 0 0 CAROLYN SPERRY LEITH TRUSTEE 1.00 0.00 X 0 0 0 ANN LOWERY TRUSTEE 1.00 0.00 X 0 0 0 JENNIFER KENNEDY MANN TRUSTEE 1.00 0.00 X 0 0 0 HARRISON L MARSHALL JR TRUSTEE 1.00 0.00 X 0 0 0 DEBORAH STANLEY MCNEILL TRUSTEE 1.00 0.00 X 0 0 0 CAROL LANCASTER MILANO TRUSTEE 1.00 0.00 X 0 0 0 QUINTALA PARHAM TRUSTEE 1.00 0.00 X 0 0 0 CHRISTOPHER C ROLFE TRUSTEE 1.00 0.00 X 0 0 0 NANCY PENTECOST SISKA TRUSTEE 1.00 0.00 X 0 0 0 CLAIRE SULLIVAN SLAUGHTER TRUSTEE 1.00 0.00 X 0 0 0 SILDA A WALL SPITZER TRUSTEE 1.00 0.00 X 0 0 0 CHARLES W STUBER JR TRUSTEE 1.00 0.00 X 0 0 0 FRAN JENNINGS TETER TRUSTEE 1.00 0.00 X 0 0 0 CAROL BOYD TILLMAN TRUSTEE 1.00 0.00 X 0 0 0 RICHARD A URQUHART III TRUSTEE 1.00 0.00 X 0 0 0 DAVID L WARREN TRUSTEE 1.00 0.00 X 0 0 0 DAVID R WILLIAMS TRUSTEE 1.00 0.00 X 0 0 0 AIMEE SAPP PRESIDENT (BEGAN 7/1/2024) 40.00 0.00 X 155271 0 12876 N JEAN JACKSON VP COLLEGE PROGAMS 40.00 0.00 X 200931 0 17145 TAMMI JACKSON VP FOR BUS/FIN 40.00 0.00 X 219431 0 20365 CHARLES BARTON VP INST ADV 40.00 0.00 X 214067 0 11379 MATTHEW POSLUSNY SENIOR VP/PROVOST (THRU 7/31/24) 40.00 0.00 X 166100 0 16507 LAURA DAVIDSON INTERIM PROVOST (7/1/24 - 4/20/25) 40.00 0.00 X 156491 0 15576 KIMBERLY BURKE DEAN 40.00 0.00 X 195330 0 18975 PAMELA GALLOWAY ASSOC VP FOR HR 40.00 0.00 X 150031 0 8355 JEFF LANGENDERFER PROFESSOR 40.00 0.00 X 146757 0 15372 ELIZABETH WOLFINGER DEAN 40.00 0.00 X 155854 0 8543 BING YU PROFESSOR 40.00 0.00 X 143871 0 15271 DR JO ALLEN PRESIDENT (THRU 6/30/2024) 40.00 0.00 X 394501 0 31946 2298635 0 192310 30 1 1 0 ARAMARK CORPORATION 27310 NETWORK PLACE CHICAGO IL 60673 DINING AND FACILITIES MGMT. 3232536 INLAND CONSTRUCTION 3709 AUBURN CHURCH RD GARNER NC 27529 CONSTRUCTION 908980 VISIONPOINT MARKETING 150 FAYETTEVILLE ST STE 300 RALEIGH NC 27601 DIGITAL ADVERTISING & RECRUITMENT 519002 MERCER 100 N TRYON ST STE 3600 CHARLOTTE NC 28202 INVESTMENT MANAGEMENT 387035 ELLUCIAN 2003 EDMUND HALLEY DR RESTON VA 20191 ERM 356705 12 130630 287497 10443657 423423 10861784 GROSS TUITION AND FEES 611310 58733197 58733197 HOUSING, DINING & OTHER 900099 8689536 8689536 WORKSHOPS & OTHER FEES 611310 832898 832898 68255631 2379492 -47582 2427074 32533851 27130757 5403094 5403094 5403094 161269 130630 120666 40603 40603 86940604 68255631 -47582 7870771 31043908 31043908 1206139 572750 407943 225446 426446 426446 25621529 19674139 4656505 1290885 1151312 869224 218106 63982 4261386 3077495 926548 257343 1989295 1442983 426387 119925 168548 168548 257189 257189 655921 140493 515428 1020231 708818 208265 103148 3405059 3200755 204304 432591 329338 66349 36904 1758347 1652846 105501 2600359 2444338 156021 650433 47072 603361 EXPENDITURES OF RESTRIC 2893136 2893136 FOOD AND FOOD SERVICE 2195300 2195300 SUPPLIES 1143109 942178 200931 EQUIPMENT 307568 206024 101473 71 3887579 1832197 2051896 3486 87075385 73272994 11701201 2101190 1300 1300 16183848 11867845 5398094 5980973 940356 900570 162909 136155 399815 512379 167760807 105941508 58694725 61819299 92926598 99104846 44261516 46904780 1017134 863795 219986295 228091942 4059166 4334257 777459 707245 38710691 36774215 65083 0 2525000 2425000 10348736 10330659 56486135 54571376 X 22929369 26836303 140570791 146684263 163500160 173520566 219986295 228091942 X -134781 10220788 -65601 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 138962671 1955914 17664552 5704868 3428424 149449845 130100558 2699704 15008655 6061906 2784340 138962671 124715059 3459992 10461819 5380290 3156022 130100558 144589705 3976439 -15829789 4068540 3952756 124715059 115101611 1671535 32641867 2772599 2052709 144589705 0.13320 0.86680 0.00000 0 0 125800 350034 475834 143141159 90389851 52751308 17203612 15551657 1651955 6940202 6940202 61819299 FUND OF FUNDS 16742495 F PRIVATE EQUITY 30010097 F PRIVATE REAL ESTATE FUNDS 152188 F 46904780 ACCRUED POSTRETIREMENT BENEFIT OBLIGATIONS 6954312 ASSET RETIREMENT OBLIGATION 2606289 DUE TO DONORS OF TRUSTS 283100 OPERATING LEASE LIABILITIES 244059 STUDENT DEPOSITS 242899 10330659 X 65920506 10220788 -31104363 -20883575 86804081 257189 -120666 136523 86940604 55900100 120666 120666 55779434 257189 31038762 31295951 87075385 PART IV, LINE 2B: THE COLLEGE HOLDS FUNDS IN A CUSTODIAL CAPACITY FOR STUDENT ORGANIZATIONS. PART V, LINE 4: THE COLLEGE'S ENDOWMENT CONSISTS OF APPROXIMATELY 601 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. 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'S POLICY IS TO RECORD A LIABILITY FOR UNRECOGNIZED TAX BENEFITS, AND ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT A TAX POSITION TAKEN BY MANAGEMENT WITH RESPECT TO A TRANSACTION OR CLASS OF TRANSACTIONS WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT BELIEVES THERE ARE NO SUCH POSITIONS AS OF JUNE 30, 2025 OR 2024 AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN POSTRETIREMENT BENEFIT OBLIGATIONS -65,601. INSTITUTIONAL GRANTS SHOWN NET OF TUITION ON FINANCIALS -31,038,762. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES -120,666. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 120,666. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL GRANTS SHOWN NET OF TUITION ON FINANCIALS 31,038,762. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 MEREDITH'S FULL NONDISCRIMINATION POLICY IS PRINTED IN COLLEGE PUBLICATIONS SUCH AS THE UNDERGRADUATE CATALOGUE WHICH IS DISTRIBUTED IN PRINT FORM AND ON THE COLLEGE'S WEBSITE. IN ADDITION, IT IS ALSO PUBLISHED IN UNDERGRADUATE AND GRADUATE RECRUITMENT MATERIALS. SCHEDULE E, PART I, LINE 6 IN FURTHERANCE OF ITS EDUCATIONAL MISSIONS, MEREDITH COLLEGE RECEIVES FUNDS IN SUPPORT OF ITS STUDENTS. FUNDS RECEIVED INCLUDE, BUT ARE NOT LIMITED TO: FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT, FEDERAL WORK-STUDY PROGRAM, FEDERAL PELL GRANT PROGRAM, FEDERAL DIRECT STUDENT LOANS, TEACHER EDUCATION ASSISTANCE FOR COLLEGE AND HIGHER EDUCATION GRANT, AND HIGHER EDUCATION EMERGENCY RELIEF FUNDS. EUROPE 1 1 PROGRAM SERVICES STUDY ABROAD 582955 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 15251703 1 1 0 0 1 1 15834658 0 15834658 1 0 1 1 1 0 PART I, LINE 3: EXPENDITURES ARE ACCOUNTED FOR ON THE ACCRUAL BASIS OF ACCOUNTING. PART IV, LINE 3 ALTHOUGH THE COLLEGE HAD AN OWNERSHIP IN CERTAIN FOREIGN CORPORATIONS (INVESTMENTS) DURING THE TAX YEAR, THE INVESTMENT AMOUNT WAS NOT HIGH ENOUGH TO RENDER THE FILING OF FORM 5471. PART IV, LINE 4 MEREDITH COLLEGE IS AN INVESTOR IN ONE OR MORE PASSIVE FOREIGN INVESTMENT COMPANIES ("PFICS"). THEY RECEIVED NO TAXABLE DISTRIBUTIONS FROM ANY OF THE FUNDS DURING FISCAL YEAR 2025. FORM 8621 IS NOT REQUIRED DUE TO IRS GUIDANCE SET FORTH IN REG. SEC. 1.1291-1(E). MEREDITH AUTISM PROGRAM GALA 291899 130630 161269 71720 473 31295 4612 12566 291899 130630 161269 71720 473 31295 4612 12566 120666 40603 1 INSTITUTIONAL GRANTS, FINANCIAL AID & SCHOLARSHIPS 1249 31043908 TUITION RATES FINANCIAL AID AND SCHOLARSHIPS PART I, LINE 2: MEREDITH COLLEGE FINANCIAL ASSISTANCE OFFICE HAS SYSTEMS AND INTERNAL PROCEDURES IN PLACE THAT ENSURES THE PROPER DETERMINATION, DISBURSEMENT AND MONITORING OF GRANTS AND SCHOLARSHIPS. THESE SYSTEMS AND PROCEDURES COMPLY WITH THE FEDERAL STUDENT TITLE IV AID REGULATIONS, NORTH CAROLINA STATE EDUCATION ASSISTANCE AUTHORITY RULES, AND INSTITUTIONAL POLICIES. X X X 1 1 X X X 0 0 0 0 0 0 0 1 0 DR JO ALLEN PRESIDENT (THRU 6/30/2024) 390153 0 1300 0 3048 0 27490 0 4456 0 426447 0 0 0 TAMMI JACKSON VP FOR BUS/FIN 219431 0 0 0 0 0 11063 0 9302 0 239796 0 0 0 CHARLES BARTON VP INST ADV 205219 0 0 0 8848 0 10421 0 958 0 225446 0 0 0 N JEAN JACKSON VP COLLEGE PROGAMS 191043 0 0 0 9888 0 9792 0 7353 0 218076 0 0 0 KIMBERLY BURKE DEAN 188457 0 0 0 6873 0 10164 0 8811 0 214305 0 0 0 MATTHEW POSLUSNY SENIOR VP/PROVOST (THRU 7/31/24) 163100 0 0 0 3000 0 9078 0 7429 0 182607 0 0 0 LAURA DAVIDSON INTERIM PROVOST (7/1/24 - 4/20/25) 151797 0 0 0 4694 0 7146 0 8430 0 172067 0 0 0 AIMEE SAPP PRESIDENT (BEGAN 7/1/2024) 149919 0 0 0 5352 0 7875 0 5001 0 168147 0 0 0 ELIZABETH WOLFINGER DEAN 153209 0 0 0 2645 0 7660 0 883 0 164397 0 0 0 JEFF LANGENDERFER PROFESSOR 144729 0 0 0 2028 0 6113 0 9259 0 162129 0 0 0 BING YU PROFESSOR 141661 0 0 0 2210 0 6570 0 8701 0 159142 0 0 0 PAMELA GALLOWAY ASSOC VP FOR HR 147576 0 0 0 2455 0 7189 0 1166 0 158386 0 0 0 PART I, LINE 1A THE PRESIDENT IS PROVIDED WITH A RESIDENCE FOR PERSONAL USE AS WELL AS HOUSEKEEPING SERVICES FOR THE CONVENIENCE OF THE COLLEGE SO THAT THE PRESIDENT CAN PERFORM ESSENTIAL SCHOOL BUSINESS AND ACTIVITIES AT THE HOME. THIS RESIDENCE IS PROVIDED FOR THE CONVENIENCE OF THE COLLEGE IN HAVING THE FUNCTIONS OF THE OFFICE OF THE PRESIDENT EFFICIENTLY DISCHARGED AND AS A CONDITION OF EMPLOYMENT AS PRESIDENT OF THE COLLEGE. FOR THE BENEFIT AND CONVENIENCE OF THE COLLEGE, THE PRESIDENT'S RESIDENCE SHALL BE AVAILABLE, AND SHALL BE USED, FOR COLLEGE-RELATED BUSINESS AND ENTERTAINMENT ON A REGULAR AND CONTINUING BASIS. THE APPROXIMATE RENTAL VALUE OF THE HOME IS $3,500 PER MONTH. THESE ARE TREATED AS NONTAXABLE BENEFITS. REASONABLE TRAVEL EXPENSES OF THE PRESIDENT'S SPOUSE WHEN ACCOMPANYING THE PRESIDENT AT COLLEGE MEETINGS AND EVENTS SHALL BE REIMBURSED. PART I, LINE 7 ALL OFFICIALLY RECOGNIZED RETIRED EMPLOYEES OF THE COLLEGE ARE AWARDED $100 AT RETIREMENT FOR EACH RECOGNIZED YEAR OF FULL-TIME SERVICE. DR. JO ALLEN RETIRED FROM THE COLLEGE 6/30/24 WITH 13 YEARS OF SERVICE. A NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY 561592154 65818PLG2 2016-09-29 8826029 SEE PART VI 0 0 0 B NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY 561592154 65818PMH9 2018-03-29 40960158 SEE PART VI 0 0 0 A 1220000 8926117 176521 8749596 2009 0 1 1 1 B 9645000 41026605 596792 40429813 2009 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 A 1 B 1 FORM 990, SCHEDULE K, PART I, LINE A, COLUMN (F): TO ADVANCE REFUND $7,800,000 IN AGGREGATE PRINCIPAL AMOUNT OF OUTSTANDING 2008A BONDS INITIALLY ISSUED ON APRIL 3, 2008 AND PAY RELATED ISSUANCE COSTS. FORM 990, SCHEDULE K, PART I, LINE B, COLUMN (F): TO CURRENTLY REFUND OUTSTANDING 2008A AND 2008B BONDS INITIALLY ISSUED ON APRIL 3, 2008 AND PAY RELATED ISSUANCE COSTS. FORM 990, SCHEDULE K, PART II, COLUMNS A & B, LINE 3: THE DIFFERENCE BETWEEN THE AMOUNTS ON LINE 3 AND THE ISSUE PRICES LISTED IN PART I, COLUMN E, IS DUE TO INVESTMENT EARNINGS ON BOND PROCEEDS PENDING DISBURSEMENT. FORM 990, SCHEDULE K, PART II, COLUMN A, LINE 11: $8,744,938 WAS APPLIED TO REDEEM OUTSTANDING 2008A BONDS. $4,658 WAS USED TO PAY INTEREST ON 2016 BONDS. FORM 990, SCHEDULE K, PART II, COLUMN B, LINE 11: $90,386 WAS USED TO PAY DEBT SERVICE ON 2018 BONDS. $40,339,427 WAS APPLIED TO REDEEM OUTSTANDING 2008A AND 2008B BONDS. FORM 990, SCHEDULE K, PART IV, COLUMN B, LINE 2C: THE REBATE COMPUTATION WAS PERFORMED AS OF MARCH 29, 2023 FORM 990, SCHEDULE K, PART IV, COLUMN A, LINE 2C: ALL OF THE BOND PROCEEDS WERE EXPENDED DURING THE FIRST CALCULATION PERIOD, AND NO ARBITRAGE REBATE WAS DUE. THERE ARE CURRENTLY NO EXISTING BOND PROCEEDS THAT REMAIN OUTSTANDING THAT ARE SUBJECT TO ARBITRAGE REBATE. X 11 351703 FMV X AUCTION ITEMS 114 71720 FMV 0 0 1 1 PART I, COLUMN (B): THE NUMBER REPORTED IN COLUMN B OF SCHEDULE M FOR ALL DONATIONS REPRESENTS THE NUMBER OF CONTRIBUTIONS FOR EACH RESPECTIVE CATEGORY PART I, LINE 32B: IF THE COLLEGE RECEIVES A GIFT OF REAL ESTATE, AN AGENT IS SELECTED BY THE COLLEGE TO SELL THE PROPERTY. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES IS MADE UP OF 8 TO 10 MEMBERS. THE PURPOSE OF THE COMMITTEE IS TO SERVE AT THE PLEASURE OF THE BOARD AND HAVE AUTHORITY TO ACT FOR THE BOARD ON ALL MATTERS EXCEPT AS OTHERWISE PROVIDED BY LAW AND EXCEPT FOR THE FOLLOWING, WHICH SHALL BE RESERVED FOR THE BOARD: PRESIDENTIAL SELECTION AND TERMINATION, TRUSTEE AND BOARD OFFICER ELECTION, CHANGES IN INSTITUTIONAL MISSION AND PURPOSE, INCURRING CORPORATE INDEBTEDNESS, SALE OF COLLEGE ASSETS, ADOPTION OF ANNUAL BUDGET, AND CONFERRAL OF DEGREES OR TENURE. FORM 990, PART VI, SECTION B, LINE 11B THE BUSINESS AND FINANCE COMMITTEE WILL REVIEW AND APPROVE THE 990. FOR PRIVACY PURPOSES, THE FULL BOARD ONLY RECEIVES A PUBLIC DISCLOSURE COPY OF THE 990 FOR THEIR REVIEW PRIOR TO FILING WITH THE IRS. HOWEVER, THE FORM 990 IS AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD AFFAIRS COMMITTEE MONITORS THE TRUSTEES' CONFLICT OF INTEREST POLICY INCLUDING DISTRIBUTING, COLLECTING, AND REVIEWING CONFLICT OF INTEREST FORMS ANNUALLY. IN ADDITION, THE CHAIR OF THE INVESTMENT COMMITTEE REVIEWS CONFLICT OF INTEREST FORMS FOR THE MEMBERS OF THAT COMMITTEE FOR ANY POTENTIAL CONFLICT SPECIFICALLY RELATED TO THEIR ROLE ON THAT COMMITTEE. IN THE EVENT OF A CONFLICT, THE INDIVIDUAL INVOLVED WOULD RECUSE THEMSELVES FROM ANY VOTE ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT'S COMPENSATION IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, AN INDEPENDENT BODY. THE COMMITTEE RELIES UPON DATA FROM COMPARABLE COLLEGES OBTAINED BY NCICU AND FROM FORMS 990 OF SIMILARLY SITUATED COLLEGES AND UNIVERSITIES. IN ADDITION, THE COMMITTEE ALSO CONSIDERS THE RESULTS OF THE PRESIDENT'S ANNUAL PERFORMANCE EVALUATION. THE DECISION IS DOCUMENTED IN THE MINUTES OF THE COMMITTEE. THE COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES IS INDEPENDENTLY REVIEWED ON EVERY SALARY LEVEL. THE COLLEGE REVIEWS SALARY DATA FROM VARIOUS SOURCES, SUCH AS CUPA. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE CONFLICT OF INTEREST POLICY AND THE GOVERNING DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: CHANGE IN POSTRETIREMENT BENEFIT OBLIGATIONS -65,601. COOPERATING RALEIGH COLLEGES PO BOX 120 RALEIGH NC 27607 237158371 SUPPORT MEMBER INSTITUTIONS NC 501(C)(3) LINE 12A, I N/A 0 CHARITABLE REMAINDER TRUST (4) 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