2026-05-08T14:37:12-05:00 2025-06-30 410746749 CLIFTONLARSONALLEN LLP 420 SOUTH ORANGE AVENUE SUITE 900 ORLANDO FL 32801 990 2024-07-01 580566212 PIEDMONT UNIVERSITY INC PIED 7067783000 PO BOX 10 DEMOREST GA 30535 KRISTIE HARRIS CHIEF FINANCIAL OFFICER 7067783000 2026-05-07 1 1 AMY CHAPMAN P00843460 4078021200 2026-05-07 2024 2025-03-06 01:10:19Z MARSHALL M CRISER III PO BOX 10 DEMOREST GA 30535 116816394 0 X WWW.PIEDMONT.EDU X 1897 GA PIEDMONT UNIVERSITY IS A PRIVATE, NON-PROFIT COMPREHENSIVE LIBERAL ARTS INSTITUTION. 23 23 737 140 0 0 1923242 1993227 51583320 52635747 987232 5653205 24761 11117 54518555 60293296 16380905 15692192 0 0 21259277 22963000 0 0 636659 22055373 22059959 59695555 60715151 -5177000 -421855 145567564 134512964 33072176 22346251 112495388 112166713 PIEDMONT UNIVERSITY DEDICATES ITSELF TO THE TRANSFORMATIVE POWER OF EDUCATION THROUGH RECIPROCAL LEARNING, THE DEVELOPMENT OF COMPASSIONATE LEADERS, AND THE STEWARDSHIP OF OUR LOCAL AND GLOBAL COMMUNITIES. 0 0 33060740 15692192 43000026 TUITION AND FEES - INSTRUCTIONAL PROGRAMS SUPPORT STUDENTS TO ACHIEVE THEIR BACHELOR'S, MASTER'S, AND DOCTORATE LEVEL OF DEGREES. 10022225 9162176 STUDENT SERVICES - SERVICES PROVIDED BENEFITING STUDENTS INCLUDING FOOD SERVICE, RESIDENCE HALLS, AND FITNESS CENTER. 6812329 473545 OTHER ACTIVITIES - ACTIVITIES IN THE SUPPORT OF THE ORGANIZATION SUCH AS VARIOUS SPORTS AND THEATRE CAMPS, FOUNDATION SUPPORT, AND DEPOSITS. 49895294 1 1 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2621 0 1 737 1 0 0 0 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 GA X KRISTIE HARRIS 7067760100 PO BOX 10 DEMOREST GA 30535 GUS ARRENDALE CHAIR 1.00 X X 0 0 0 DOCK SISK VICE CHAIR 1.00 X X 0 0 0 SANDY BORROW SECRETARY 1.00 X X 0 0 0 LISA BLACK TRUSTEE 1.00 X 0 0 0 DRMARTHA CANTRELL TRUSTEE 1.00 X 0 0 0 MATT COOK TRUSTEE 1.00 X 0 0 0 DWIGHT EVANS TRUSTEE 1.00 X 0 0 0 DAVID FOSTER TRUSTEE 1.00 X 0 0 0 MACK GUEST TRUSTEE 1.00 X 0 0 0 LADSON HADDOW TRUSTEE 1.00 X 0 0 0 TOM HENSLEY TRUSTEE 1.00 X 0 0 0 BILL HOUSE TRUSTEE 1.00 X 0 0 0 JIM HOBBS TRUSTEE 1.00 X 0 0 0 REV DR SARAH LUND TRUSTEE 1.00 X 0 0 0 MYLLE MANGUM TRUSTEE 1.00 X 0 0 0 KIMBERLY MELTON TRUSTEE 1.00 X 0 0 0 DRLARRY PEEVY TRUSTEE 1.00 X 0 0 0 JOE PIPER TRUSTEE 1.00 X 0 0 0 REV TOM RICHARD TRUSTEE 1.00 X 0 0 0 JUDGE BRIAN RICKMAN TRUSTEE 1.00 X 0 0 0 MIKE SANTOWSKI TRUSTEE 1.00 X 0 0 0 BARBARA STRAIN TRUSTEE 1.00 X 0 0 0 MARY HART WILHEIT TRUSTEE 1.00 X 0 0 0 MARSHALL CRISER PRESIDENT 40.00 X 349999 0 45181 BRANT WRIGHT SR. VP - FINANCE & ADMIN (THRU 01/25) 40.00 X 233105 0 50498 VICKI TURNER VP ACADEMIC AFFAIRS (AS OF 06/24) 40.00 X 139048 0 7483 KIMBERLY CRAWFORD VP STUDENT LIFE & LEADERSHIP 40.00 X 173949 0 37822 JAIME JOHNSON-HUFF DEAN COLLEGE OF NURSING 40.00 X 136047 0 8486 OCTAVIUS MULLIGAN DEAN, COLLEGE OF EDUCATION 40.00 X 133527 0 12611 STEVEN JACOBS DEAN COLLEGE OF ARTS AND SCIENCE 40.00 X 128922 0 35426 JAMES PEEPLES ATHLETIC DIRECTOR 40.00 X 131602 0 33601 SANDRA MAUGHON GRANT RESEARCH DIR./BUSINESS PROF. 40.00 X 128164 0 26190 BRUCE WILLIS FORMER VP ACAD AFFAIRS (THRU 06/24) 40.00 X 103844 0 21126 KRISTIE WILLIAMS FMR ASSOC. VP FIN./CONT.(THRU 2/24) 40.00 X 131602 0 5613 1789809 0 284037 33 1 1 0 ELLUCIAN COMPANY LLC 4 COUNTRY VIEW ROAD MALVERN PA 19355 SOFTWARE & IT SUPPORT 2575169 ENROLLMENTFUEL LLC PO BOX 9792 CHAPEL HILL NC 27515 STUDENT SEARCH CAMPAIGN 101900 2 296748 1696479 1993227 TUITION AND FEES 611310 43000026 43000026 ROOM AND BOARD 611710 9092176 9092176 OTHER PROGRAM INCOME 900099 418875 418875 CAMPUS BOOKSTORE 459210 70000 70000 SUMMER CAMP 900099 54670 54670 52635747 1474976 1474976 2317 2317 8800 0 8800 8800 8800 60530349 170978 56518094 5004 4012255 165974 4178229 4178229 60293296 52635747 0 5664322 15692192 15692192 1150427 1019393 107121 23913 17064408 15129281 1600238 334889 409222 361030 36005 12187 3073994 2711986 270465 91543 1264949 911920 349744 3285 646813 646813 89638 89638 130915 130915 2820420 2469950 327020 23450 229831 152200 10730 66901 598073 587566 1723 8784 4358674 656822 3671867 29985 3534055 2516867 1005393 11795 1311455 1286665 23924 866 32059 29287 2772 1211675 1082268 125408 3999 3833389 3423983 396756 12650 737070 106962 630108 EDUCATION EXPENSES 988095 988095 WORK STUDY 449184 442831 1412 4941 OTHER OPERATIONAL EXP 382518 378959 3559 DUES AND SUBSCRIPTIONS 170462 122888 47131 443 535633 203108 329056 3469 60715151 49895294 10183198 636659 2306447 1348861 3648551 2541516 45000 397911 794768 631252 830561 143418027 62739531 84021282 80678496 50388351 44789604 31988 10663 4141782 3473495 145567564 134512964 1730468 3092590 2593677 2427194 23478316 12672937 1535045 1402350 3734670 2751180 33072176 22346251 X 95623719 93501117 16871669 18665596 112495388 112166713 145567564 134512964 X -421855 128560 -35380 X 0 1 X 1 1 1 X 3641196 6999154 3391404 1923242 1993227 17948223 3641196 6999154 3391404 1923242 1993227 17948223 1281377 16666846 3207342 964798 1252708 1453235 1486093 8364176 26312399 0.63340 0.60680 X SCHEDULE A, PART II THE ORGANIZATION IS A SCHOOL AS DESCRIBED UNDER 170(B)(1)(A)(II) AND IS NOT REQUIRED TO COMPLETE A PUBLIC SUPPORT SCHEDULE. SCHEDULE A, PART II IS COMPLETED TO VERIFY THE SCHOOL CAN QUALIFY UNDER PUBLIC CHARITY STATUS SECTION 170 (B)(1)(A)(VI) AND QUALIFIES TO USE THE FIRST LISTED SPECIAL RULE FOR SCHEDULE B REPORTING. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 0.00 1 1 1 1234508 X X 0 49782350 561752 2640165 709800 52274467 45412532 537766 3839416 7364 49782350 43570462 577425 1730221 465576 45412532 54955833 573059 -11236080 722350 43570462 51579957 538876 3315939 478939 54955833 0.60079 0.24389 0.15532 0 0 5149434 5149434 112009846 39844043 72165803 11033264 9260387 1772877 14759021 13276973 1482048 466462 358128 108334 80678496 ANNUITIES PAYABLE 2260779 LEASE LIABILITY - OPERATING 156933 LEASE LIABILITY - FINANCING 333468 2751180 X 44563369 128560 -15727572 -15599012 60162381 130915 130915 60293296 44892044 0 44892044 130915 15692192 15823107 60715151 PART II, LINE 5: FRAME HOUSE LISTED ON THE HISTORIC REGISTER IS USED AS OFFICES FOR GRADUATE ADMISSIONS. THE HOUSE IS LISTED AS A FIXED ASSET ON THE FINANCIALS AND MAINTENCE AND UTILITIES ARE EXPENSED AS DAILY OPERATIONAL. PART V, LINE 4: THE INTENT OF THE ENDOWMENT OF PIEDMONT COLLEGE IS TO PROVIDE SCHOLARSHIPS TO STUDENTS. PART X, LINE 2: THE UNIVERSITY QUALIFIES AS A TAX-EXEMPT UNIVERSITY AS DESCRIBED IN INTERNAL REVENUE CODE SECTION 501(C)(3) AND HAS BEEN CLASSIFIED BY THE IRS AS A PUBLICLY SUPPORTED ORGANIZATION AND NOT AS A PRIVATE FOUNDATION. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE UNIVERSITY'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE UNIVERSITY FOLLOWS THE STATUTORY REQUIREMENTS FOR ITS INCOME TAX ACCOUNTING AND GENERALLY AVOIDS RISKS ASSOCIATED WITH POTENTIALLY PROBLEMATIC TAX POSITIONS THAT MAY BE CHALLENGED UPON EXAMINATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: STUDENT AID, SCHOLARSHIPS AND FEES -15,692,192. CHANGE IN THE VALUE OF GIFT ANNUITY TRUSTS -35,380. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID, SCHOLARSHIPS AND FEES 15,692,192. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ALL ADVERTISMENTS, SOLICITATIONS FOR STUDENTS AND STUDENT HANDBOOKS INCLUDE A STATEMENT THAT THE SCHOOL DOES NOT DISCRIMINATE. SCHEDULE E, PART I, LINE 6 PIEDMONT UNIVERSITY RECEIVES STUDENT FINANCIAL AID AWARDS FROM THE US DEPARTMENT OF EDUCATION, THE GEORGIA TUITION EQUILIZATION GRANT, HOPE FUNDS AND VARIOUS OTHER ASSISTANCE FROM THE STATE OF GEORGIA. 1 SCHOLARSHIPS AND GRANTS 1038 15692192 N/A N/A PART I, LINE 2: PIEDMONT UNIVERSITY PARTICIPATES IN THE STUDENT FINANCIAL ASSISTANCE PROGRAMS THROUGH THE U.S. DEPARTMENT OF EDUCATION. FUNDS ARE AWARDED AND DISBURSED TO STUDENTS BASED ON THE DEPARTMENT OF EDUCATION GUIDELINES SET FORTH BY THE TITLE IV PROGRAMS. X 1 0 X X X X 1 0 0 0 0 0 0 0 0 MARSHALL CRISER PRESIDENT 349999 0 0 0 0 0 14000 0 31181 0 395180 0 0 0 BRANT WRIGHT SR. VP - FINANCE & ADMIN (THRU 01/25 233105 0 0 0 0 0 30500 0 19998 0 283603 0 0 0 KIMBERLY CRAWFORD VP STUDENT LIFE & LEADERSHIP 173949 0 0 0 0 0 10800 0 27022 0 211771 0 0 0 JAMES PEEPLES ATHLETIC DIRECTOR 131602 0 0 0 0 0 12968 0 20633 0 165203 0 0 0 STEVEN JACOBS DEAN COLLEGE OF ARTS AND SCIENCE 128922 0 0 0 0 0 8250 0 27176 0 164348 0 0 0 SANDRA MAUGHON GRANT RESEARCH DIR./BUSINESS PROF. 128164 0 0 0 0 0 15413 0 10777 0 154354 0 0 0 KRISTIE WILLIAMS FMR ASSOC. VP FIN./CONT.(THRU 2/24) 131602 0 0 0 0 0 1069 0 4544 0 137215 0 0 0 BRUCE WILLIS FORMER VP ACAD AFFAIRS (THRU 06/24) 103844 0 0 0 0 0 10117 0 11009 0 124970 0 0 0 PART I, LINE 1A CURRHAEE GOLF CLUB MEMBERSHIP REQUIRES BOTH SOCIAL AND GOLF - ATHLETICS UTILIZES THE GOLF AND THE PRESIDENT UTILIZES THE SOCIAL PORTION. THE MEMBERSHIP IS USED FOR OPERATIONS, NOT FOR PERSONAL USE, SO IT IS NOT INCLUDED IN TAXABLE COMPENSATION. PART I, LINE 3 HR DOES A COMPENSATION STUDY AND PROVIDES A RECOMMENDATION TO THE BOARD OF DIRECTORS, WHO MUST APPROVE THE COMPENSATION. PART I, LINE 4A BRANT WRIGHT'S COMPENSATION REPORTED ON FORM 990, PART VII INCLUDED $76,406 FOR SEVERANCE; TERMS AND CONDITIONS WERE AS FOLLOWS: PAID $76,406.05 OVER FOUR INSTALLMENTS. EMPLOYEE BENEFITS INCLUDING MEDICAL AND LIFE INSURANCE CONTINUED THROUGH APRIL 30,2025. A THE HABERSHAM COUNTY DEVELOPMENT AUTHORITY 521367808 2017-10-02 2485000 REFUNDING SERIES 1999 AND SERIES 2 0 0 0 B THE HABERSHAM COUNTY DEVELOPMENT AUTHORITY 521367808 2018-03-01 2215000 REFUNDING SERIES 1999 AND SERIES 2 0 0 0 C THE HABERSHAM COUNTY DEVELOPMENT AUTHORITY 521367808 2021-03-05 10000000 FINANCE MYSTIC DORM, SERIES 2021 0 0 0 A 786388 2485000 46600 2438400 1 0 0 1 B 658575 2215000 2215000 1 0 0 1 C 459950 10000000 168160 9831840 0 0 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 A 0 1 1 0 0 0 0 0 1 B 0 1 1 0 0 0 0 0 1 C 0 1 1 0 0 0 0 0 1 A 1 B 1 C 1 PART I THE TAX EXEMPT BONDS ISSUED ON 04/03/13 AND 09/17/14 WITH THE ISSUE PRICE OF $10,000,000 AND $8,000,000, RESPECTIVELY, HAVE BEEN FULLY PAID DURING THE CURRENT TAX YEAR. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL BE COMPOSED OF THE CHAIRPERSON, VICE CHAIRPERSON, AND SECRETARY OF THE BOARD PLUS FOUR ADDITIONAL MEMBERS ELECTED ANNUALLY BY THE BOARD AT THE FALL MEETING, WITH THEIR TERMS BEGINNING IMMEDIATELY FOLLOWING SAID MEETING. THE OFFICERS OF THE EXECUTIVE COMMITTEE SHALL BE THE SAME AS THE OFFICERS OF THE BOARD. A QUORUM SHALL BE A MAJORITY OF THE MEMBERS OF THE EXECUTIVE COMMITTEE. THIS COMMITTEE SHALL HAVE AUTHORITY TO CONSIDER AND TO DECIDE ALL QUESTIONS AFFECTING THE INTERESTS OF THE UNIVERSITY WHICH MAY BE BROUGHT BEFORE IT BETWEEN STATED MEETINGS OF THE BOARD, INCLUDING MATTERS WHICH ARE INITIALLY THE RESPONSIBILITY OF OTHER COMMITTEES OF THE BOARD, EXCEPT FOR THOSE ITEMS DESIGNATED AS REQUIRING THE ACTION OF THE BOARD, AND EXCEPT FOR ANY ALIENATION OF REAL PROPERTY AND ANY ACTION WHICH DIMINISHES THE INDEPENDENCE OF THE UNIVERSITY. THE EXECUTIVE COMMITTEE SHALL HAVE GENERAL OVERSIGHT OF ALL PERSONNEL MATTERS APPROPRIATE TO THE BOARD, EXCEPT THOSE EXPRESSLY RESERVED FOR ACTION BY THE BOARD. THE EXECUTIVE COMMITTEE APPROVES THE ANNUAL BUDGET AND PRESENTS BUDGET REPORTS TO THE FULL BOARD AT EACH BOARD MEETING. THE EXECUTIVE COMMITTEE SHALL ALSO TRANSACT SUCH BUSINESS AS MAY BE EXPRESSLY COMMITTED TO IT BY THE BOARD, INCLUDING ANY BUSINESS OTHERWISE EXPRESSLY RESERVED FOR THE BOARD. THE EXECUTIVE COMMITTEE SHALL SERVE AS AN ADVISORY COUNCIL FOR THE PRESIDENT. THE EXECUTIVE COMMITTEE SHALL NOT HAVE POWER TO AUTHORIZE A MERGER OR DISSOLUTION, OR THE SALE, PLEDGE, OR TRANSFER OF ALL OR SUBSTANTIALLY ALL OF THE CORPORATION'S ASSETS, OR THE ELECTION, APPOINTMENT, OR REMOVAL OF DIRECTORS, THE FILLING OF VACANCIES ON THE BOARD OR ON ANY OF ITS COMMITTEES, OR THE ADOPTION, AMENDMENT, OR REPEAL OF THE ARTICLES OF INCORPORATION OR BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM. FORM 990 IS THEN REVIEWED IN DETAIL BY TOP MANAGEMENT AT THE UNIVERSITY, INCLUDING THE VICE PRESIDENT FOR ADMINISTRATION AND FINANCE AND THE CONTROLLER. EVERY MEMBER OF THE GOVERNING BODY IS PROVIDED WITH A COPY OF THE 990 PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY APPLIES TO ALL EMPLOYEES AND BOARD MEMBERS. CONFLICT OF INTEREST STATEMENTS ARE COMPLETED BY ALL MEMBERS OF THE GOVERNING BODY ON AN ANNUAL BASIS. THESE STATEMENTS ARE MONITORED BY THE PRESIDENT'S OFFICE AND THE SENIOR ADMINISTRATION. IF A CONFLICT OF INTEREST ARISES, SENIOR MANAGEMENT INVESTIGATES AND SEEKS ADVICE FROM THE CHAIRPERSON AND EXECUTIVE COMMITTEE WHEN NECESSARY. LEGAL ADVICE WILL BE SOUGHT WHEN NEEDED. A KNOWN CONFLICT WOULD PREVENT THE PARTIES OF SUCH CONFLICT FROM PARTICIPATING IN THE RELEVANT ACTIONS/EVENTS UP TO AND INCLUDING THE GOVERNING BODY'S DELIBERATIONS AND DECISIONS IN THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15A THE PROCESS FOR DETERMINING COMPENSATION OF THE PRESIDENT SALARY INCLUDED A REVIEW AND APPROVAL BY THE BOARD CHAIRMAN AND EXECUTIVE COMMITTEE AS WELL AS REVIEW FORM 990 OF OTHER ORGANIZATIONS. THE MOST RECENT REVIEW AND APPROVAL FOR THE PRESIDENT'S COMPENSATION WAS OCTOBER OF 2021. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN LIABILITY ANNUITY -35,380.