2026-05-04T17:20:07-05:00 2025-06-30 363168081 SIKICH LLC 3051 HOLLIS DRIVE 3RD FLOOR SPRINGFIELD IL 62704 990 2024-07-01 560543261 MONTREAT COLLEGE MONT 8286698012 PO BOX 1267 MONTREAT NC 287570121 JOHN W BEAGHAN CFO 8286698012 2026-05-04 1 1 AMANDA WHITE P01790293 2177933363 2026-04-29 2024 2025-03-06 01:10:19Z PAUL MAURER PO BOX 1267 MONTREAT NC 287570121 44467919 0 X WWW.MONTREAT.EDU X 1947 NC INDEPENDENT, CHRIST-CENTERED, LIBERAL ARTS INSTITUTION 22 22 331 60 0 0 18296438 7709897 30018883 33793017 1625084 606992 533762 815482 50474167 42925388 11389752 13972372 0 0 14284191 14814223 0 0 966743 14431223 15010259 40105166 43796854 10369001 -871466 76510444 75120046 14105506 10326830 62404938 64793216 X MONTREAT COLLEGE IS AN INDEPENDENT, CHRIST-CENTERED, LIBERAL ARTS INSTITUTION THAT EDUCATES STUDENTS THROUGH INTELLECTUAL INQUIRY, SPIRITUAL FORMATION, AND PREPARATION FOR CALLING AND CAREER. 0 0 24013045 34608499 THE COLLEGE PROVIDES A BROAD, RIGOROUS LIBERAL ARTS CURRICULUM WITH AN EMPHASIS ON TRADITIONAL AND SELECTED UNDERGRADUATE AND GRADUATE PROFESSIONAL DEGREE PROGRAMS, INCLUDING DEGREE PROGRAMS FOR ADULT LEARNERS AND PROGRAMS AT GEOGRAPHICALLY DISTANT LOCATIONS. OURSTATEMENTS OF MISSION, VISION AND FAITH HAVE FORMED THE FOLLOWING EDUCATIONAL OBJECTIVES AT MONTREAT COLLEGE.1.THAT STUDENTS WILL DEVELOP AN INFORMED, BIBLICAL WORLD VIEW INCLUDING THE FOLLOWING:- THE SOVEREIGNTY OF GOD OVER ALL CREATION AND KNOWLEDGE;- A LIFESTYLE OF CHRISTIAN SERVICE TO OTHERS AND THE COMMUNITY;- THE RECOGNITION OF THE INTRINSIC WORTH OF SELF AND ALL PERSONS;- A GENUINE CRITICAL OPENNESS TO THE IDEAS AND BELIEFS OF OTHERS;- THE FORMATION OF VALUES AND ETHICAL REASONING;- AN APPRECIATION FOR WHAT IS BEAUTIFUL, TRUE AND GOOD IN THE ARTS AND LITERATURE;-A RESPECT FOR AND ATTITUDE OF STEWARDSHIP TOWARD THE WHOLE OF CREATION;- AN UNDERSTANDING OF THE PAST AND ITS INTERCONNECTEDNESS WITH THE PRESENT AND FUTURE.2. THAT STUDENTS WILL DEMONSTRATE EFFECTIVE WRITTEN AND ORAL COMMUNICATION SKILLS.3. THAT STUDENTS WILL DEMONSTRATE CRITICAL THINKING AND PROBLEM-SOLVING SKILLS.4. THAT STUDENTS WILL DEMONSTRATE ESSENTIAL COMPUTER INFORMATION SYSTEMS SKILLS.5. THAT STUDENTS WILL DEMONSTRATE COMPETENCY IN THEIR ACADEMIC MAJORS.6. THAT STUDENTS WILL DEVELOP INTERPERSONAL AND TEAM SKILLS AND AN UNDERSTANDING AND APPRECIATION OF THEIR PERSONAL STRENGTHS AND WEAKNESSES.7. THAT STUDENTS WILL BECOME REFLECTIVE AND RESPONSIBLE CITIZENS, EFFECTIVE LEADERS, AND COMMITTED LAITY. 13972372 13972372 TO PROVIDE SCHOLARSHIPS AND SIMILAR FINANCIAL AID - IN FISCAL YEAR 2025, THERE WERE INSTITUTIONAL AWARDS TO 734 STUDENTS. 37985417 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 1 1 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 100 0 331 1 0 0 0 0 0 0 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X THE ORGANIZATION 8286698012 PO BOX 1267 MONTREAT NC 287570121 JEFF HECK CHAIRMAN 1.00 1.00 X X 0 0 0 ROGER OXENDALE VICE CHAIR 1.00 1.00 X X 0 0 0 MARK TOONE SECRETARY 1.00 0.00 X X 0 0 0 ROGER JAMES TRUSTEE 1.00 0.00 X 0 0 0 CHARLIE DAVIDSON TRUSTEE 1.00 0.00 X 0 0 0 CLAIRE EFIRD TRUSTEE 1.00 1.00 X 0 0 0 LE ERWIN TRUSTEE 1.00 0.00 X 0 0 0 ANNE GANT TRUSTEE 1.00 0.00 X 0 0 0 EDWARD GRAHAM TRUSTEE 1.00 0.00 X 0 0 0 TYLER JOHNSON TRUSTEE 1.00 0.00 X 0 0 0 NED KISER TRUSTEE 1.00 0.00 X 0 0 0 PHILIP KOSNETT TRUSTEE 1.00 0.00 X 0 0 0 GEORGE LOGAN TRUSTEE 1.00 0.00 X 0 0 0 STEVE MCCAY TRUSTEE 1.00 0.00 X 0 0 0 RICHARD MILAM TRUSTEE 1.00 1.00 X 0 0 0 JIM MOORE TRUSTEE 1.00 0.00 X 0 0 0 BILL SHIPLEY TRUSTEE 1.00 0.00 X 0 0 0 ED SKOUDIS TRUSTEE 1.00 0.00 X 0 0 0 SUZANNE SLOAN TRUSTEE 1.00 0.00 X 0 0 0 DAVID SWANSON TRUSTEE 1.00 0.00 X 0 0 0 LYNNE VEERMAN TRUSTEE 1.00 0.00 X 0 0 0 YASSER YOUSSEF TRUSTEE 1.00 0.00 X 0 0 0 PAUL MAURER CEO 50.00 6.00 X 323087 0 22168 JOHN BEAGHAN CFO 40.00 6.00 X 187492 0 21457 JOSE LARIOS VP ATHLETICS 40.00 0.00 X 190000 0 21848 ANDREW KEITH VP ADULT AND GRADUATE STUDIES 40.00 0.00 X 185000 0 15948 MARK HIJLEH PROVOST AND VP FOR ACADEMIC AFFAIRS 40.00 0.00 X 180000 0 12997 DANIEL BENNETT VP FOR STUDENT LIFE 40.00 0.00 X 129900 0 15948 GARRETT LUCK VP FOR ADVANCEMENT 40.00 0.00 X 132884 0 7987 1328363 0 118353 11 0 1 0 ARAMARK PO BOX 978839 DALLAS TX 753978839 FOOD SERVICES 2850551 TRUIST BANK 214 N TRYON ST FLOOR 46 CHARLOTTE NC 282021078 INVESTMENT MANAGEMENT FEES 2149040 TKC MANAGEMENT SERVICES LLC 4500 CAMERON VALLEY PKWY STE 400 CHARLOTTE NC 28211 MANAGEMENT SERVICES 2126845 SERVICEMASTER DSI 2400 WISCONSIN AVENUE DOWNERS GROVE IL 60515 WATER MIGRATION/STRUCTURE REPAIR 1471617 ASTROTURF CORPORATION 2680 ABUTMENT ROAD SE DALTON GA 30721 STRUCTURE REPAIR 1160087 34 1982924 5726973 7709897 TUITION AND FEES 611110 26285908 26285908 AUXILIARY SERVICES 611110 7507109 7507109 33793017 2124231 2124231 25292 1486249 56282 -1460957 -56282 -1517239 -1517239 OTHER REVENUE 900099 702008 702008 CAMPUS STORE 900099 113474 113474 815482 42925388 34608499 0 606992 13972372 13972372 602231 602231 11416664 9490738 1315477 610449 1981279 1589198 319646 72435 814049 643282 126613 44154 202670 202670 6232 6232 1008054 820467 187401 186 861253 812990 39526 8737 758229 752484 5745 787555 689865 58373 39317 249501 116234 133267 1557552 1240437 237330 79785 476602 379566 72622 24414 FOOD AND OTHER CONTRACT 4843583 4414534 369626 59423 OTHER EXPENSE 2313088 1421224 864807 27057 REPAIRS, MAINTENANCE AN 1338128 1129290 208052 786 LEASE EXPENSE 566221 512736 53485 41591 41591 43796854 37985417 4844694 966743 2057758 1033145 43385393 41616810 4335468 2892831 1130643 3488189 920 80463 67871 551089 777426 43505103 23599104 19122235 19905999 2237946 2240493 101254 101254 3507275 2996028 76510444 75120046 1612756 2070598 2698556 2387279 3761169 3259376 6033025 2609577 14105506 10326830 X 12994857 10714189 49410081 54079027 62404938 64793216 76510444 75120046 X -871466 1628421 1631323 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 0 10261351 201662 577216 321721 144615 10573893 9776730 346448 462859 324686 10261351 9352858 306179 445970 328277 9776730 10155305 144146 -691867 254726 9352858 9220997 131321 1002328 199341 10155305 0.00000 1.00000 0.00000 0 1 1 3410656 3410656 6301410 5201473 1099937 25814879 14872243 10942636 6268727 3392347 2876380 1709431 133041 1576390 19905999 ANNUITIES PAYABLE 589226 ASSET RETIREMENT OBLIGATION 355000 STUDENT DEPOSITS 712077 LEASE LIABILITIES 700136 DUE TO CAROLINA CYBER CENTER 253138 2609577 X PART III, LINE 4: THE FINE ARTS COLLECTION EXISTS TO SUPPORT THE GENERAL MISSION OF THE COLLEGE BY PROMOTING AWARENESS AND UNDERSTANDING OF A BROAD SPECTRUM OF ARTISTIC EXPRESSION. AS UNIQUE EXPRESSIONS OF THE HUMAN CONDITION, WORKS IN THE COLLECTION INVIGORATE LEARNING AND TEACHING AND PROVIDE EXPANDED OPPORTUNITIES FOR STUDY, RESEARCH, AND INDIVIDUAL BELIEFS. THE ART CONTRIBUTES TO THE OVERALL EDUCATIONAL AND CULTURAL FUNCTIONS OF THE COLLEGE AND BY OBSERVATIONS, THE EXHIBITIONS OF THE WORKS CONTINUE TO SUPPORT THE CURRICULAR OFFERINGS IN ART EDUCATION AND BIBLICAL STUDIES, PROVIDE AESTHETIC STIMULATION TO VIEWERS, AND ENHANCE EXPERIENCE FOR THE CAMPUS AREA COMMUNITY. PART V, LINE 4: THE ORGANIZATION'S INTENDED USE OF ENDOWMENT FUNDS IS TO INVEST THE ENDOWMENT ASSETS IN AN ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY THE ENDOWMENTS WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ASSETS. PART X, LINE 2: THE COLLEGE, FOUNDATION AND C3 ARE NONPROFIT ORGANIZATIONS THAT ARE EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE (IRC) SECTION 501(C)(3). ACCORDINGLY, THERE IS NO INCOME TAX PROVISION INCLUDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE COLLEGE, FOUNDATION AND C3 ARE NOT CONSIDERED A PRIVATE FOUNDATION. THE ORGANIZATION FILES VARIOUS FEDERAL AND STATE NON-PROFIT TAX RETURNS. THE ORGANIZATION IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE EXAMINATIONS BY TAX AUTHORITIES FOR TAX YEARS PRIOR TO 2022. 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 RACIALLY NONDISCRIMINATORY POLICY IS MADE KNOWN TO THE COMMUNITY AS DESCRIBED IN NUMBER 3 ABOVE. THE POLICY IS ALSO INCLUDED IN THE FACULTY AND EMPLOYEE HANDBOOKS. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVES FEDERAL FINANCIAL AID FOR STUDENTS. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 61219 0 0 0 0 0 0 61219 0 61219 0 0 0 1 0 0 1 SCHOLARSHIPS 734 13972372 PART I, LINE 2: DEPENDING ON THE REQUIREMENTS OF THE FUND SOURCES, FINANCIAL AID AND ALL TITLE IV AND STATE REGULATIONS ARE MONITORED, RECONCILED AND FOLLOWED DAILY BY TRAINED AND EXPERIENCED PROFESSIONAL STAFF THAT STAY UP TO DATE ON ANY CHANGES IN REGULATION THOUGH PROFESSIONAL DEVELOPMENT TRAINING. X 1 0 X X X 0 0 0 0 0 0 0 0 0 PAUL MAURER CEO 287087 0 0 0 36000 0 0 0 22168 0 345255 0 0 0 JOSE LARIOS VP ATHLETICS 185000 0 0 0 5000 0 0 0 21848 0 211848 0 0 0 JOHN BEAGHAN CFO 182492 0 0 0 5000 0 0 0 21457 0 208949 0 0 0 ANDREW KEITH VP ADULT AND GRADUATE STUDIES 185000 0 0 0 0 0 0 0 15948 0 200948 0 0 0 MARK HIJLEH PROVOST AND VP FOR ACADEMIC AFFAIRS 180000 0 0 0 0 0 0 0 12997 0 192997 0 0 0 PART I, LINE 1A THE ORGANIZATION PROVIDED THE PRESIDENT WITH A HOUSING ALLOWANCE AS PART OF HIS EMPLOYMENT AND RESPONSIBILITIES AS SERVING AS THE COLLEGE PRESIDENT. THE ESTIMATED VALUE OF THESE SERVICES ARE $36,000. PART I, LINE 3 THE ORGANIZATION USES COMPARABILITY DATA FROM FORMS 990 OF OTHER SIMILAR ORGANIZATIONS AND FROM A COMPENSATION STUDY TO DETERMINE THE SALARIES FOR THE PRESIDENT/CEO AND OTHER OFFICERS. THE PRESIDENT/CEO'S SALARY IS DETERMINED AND APPROVED BY THE INDEPENDENT BOARD OF TRUSTEES ANNUALLY AFTER REVIEWING COMPARABILITY DATA. FORM 990, PART VI, SECTION B, LINE 11B THE 990 WAS PRESENTED TO THE ENTIRE BOARD OF TRUSTEES FOR THEIR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C A TRUSTEE SHALL BE CONSIDERED TO HAVE A CONFLICT OF INTEREST IF (A) SUCH TRUSTEE HAS EXISTING OR POTENTIAL FINANCIAL OR OTHER INTEREST WHICH IMPAIR OR MIGHT REASONABLY APPEAR TO IMPAIR SUCH MEMBER'S INDEPENDENT, UNBIASED JUDGMENT IN THE DISCHARGE OF THE TRUSTEE'S RESPONSIBILITIES TO THE COLLEGE OR (B) SUCH TRUSTEE IS AWARE THAT A MEMBER OF THE TRUSTEE'S FAMILY, OR ANY ORGANIZATION IN WHICH SUCH TRUSTEE (OR MEMBER OF THE TRUSTEE'S FAMILY) IS AN OFFICER, DIRECTOR, EMPLOYEE, MEMBER, PARTNER, TRUSTEE, OR CONTROLLING STOCKHOLDER, HAS SUCH EXISTING OR POTENTIAL FINANCIAL OR OTHER INTERESTS. ALL TRUSTEES SHALL DISCLOSE TO THE BOARD ANY POSSIBLE CONFLICT OF INTEREST AT THE EARLIEST PRACTICAL TIME. FURTHERMORE, THE TRUSTEE SHALL ABSENT HIMSELF/HERSELF FROM DISCUSSIONS OF, AND ABSTAIN FROM VOTING ON, SUCH MATTERS UNDER CONSIDERATION BY THE BOARD OF TRUSTEES OR ITS COMMITTEES. THE MINUTES OF SUCH MEETINGS SHALL REFLECT THAT A DISCLOSURE WAS MADE AND THAT THE TRUSTEE HAVING A CONFLICT OR POSSIBLE CONFLICT ABSTAINED FROM VOTING. ANY TRUSTEE WHO IS UNCERTAIN WHETHER A CONFLICT OF INTEREST MAY EXIST IN ANY MATTER MAY REQUEST THE BOARD OR COMMITTEE TO RESOLVE THE QUESTION IN THE TRUSTEE'S ABSENCE BY MAJORITY VOTE. EACH TRUSTEE SHALL COMPLETE AND SIGN A DISCLOSURE FORM PROVIDED ANNUALLY BY THE SECRETARY OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATIONS USES COMPARABILITY DATA FROM FORMS 990 OF OTHER SIMILAR ORGANIZATIONS AND FROM A COMPENSATION STUDY TO DETERMINE THE SALARIES FOR THE PRESIDENT/CEO AND OTHER OFFICERS. THE PRESIDENT/CEO'S SALARY IS DETERMINED AND APPROVED BY THE INDEPENDENT BOARD OF DIRECTORS ANNUALLY AFTER REVIEWING COMPARABILITY DATA. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN ANNUITIES PAYABLE -66,188. CAROLINA CYBER CENTER- NET ASSET TRANSFER 6,576. NET CASUALTY GAIN FROM HURRICAE HELENE 1,690,935. MONTREAT COLLEGE FOUNDATION PO BOX 1267 MONTREAT NC 28757 561324199 TO SUPPORT THE EDUCATIONAL PURPOSE OF MONTREAT COLLEGE NC 501(C)(3) LINE 12B, II MONTREAT COLLEGE 1 CAROLINA CYBER CENTER INC 310 GAITHER CIRCLE PO BOX 1267 MONTREAT NC 28757 931911615 TO SUPPORT THE EDUCATIONAL PURPOSE OF MONTREAT COLLEGE NC 501(C)(3) LINE 12A, I MONTREAT COLLEGE 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 CAROLINA CYBER CENTER INC S 6576 FMV