2024-04-07T14:16:33-05:00 2023-06-30 363168081 SIKICH LLP 3051 HOLLIS DRIVE 3RD FLOOR SPRINGFIELD IL 62704 990 2022-07-01 561324199 MONTREAT COLLEGE FOUNDATION MONT 8286698012 PO BOX 1267 MONTREAT NC 28757 JOHN W BEAGHAN CFO 8286698012 2024-04-05 1 JOHN BEAGHAN 999009999 0 JILL M BOYLE CPA P01246734 2177933363 2024-04-05 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z PAUL MAURER PO BOX 1267 MONTREAT NC 28757 231175 0 X N/A X 1997 NC TO SUPPORT THE EDUCATIONAL PURPOSES OF MONTREAT COLLEGE 3 3 0 5 0 0 17514 17700 0 0 309614 116822 0 2656 327128 137178 85950 0 0 0 0 0 0 0 0 4967 4121 90917 4121 236211 133057 4388182 4235806 2994962 2623145 1393220 1612661 TO SUPPORT THE EDUCATIONAL PURPOSES OF MONTREAT COLLEGE 0 0 2656 FUNDS TRANSFERRED TO MONTREAT COLLEGE IN SUPPORT OF THE COLLEGE'S HIGHER EDUCATION PROGRAMS. 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 0 0 0 X THE ORGANIZATION 8286698012 PO BOX 1267 MONTREAT NC 28757 BEAU MOFFATT CHAIRMAN 1.00 1.00 X X 0 0 0 CLAIRE EFRID VICE CHAIR 1.00 1.00 X X 0 0 0 DAYLE SENEFF TRUSTEE 1.00 1.00 X 0 0 0 PAUL MAURER CEO 1.00 50.00 X 0 311396 58089 JOHN BEAGHAN CFO 1.00 50.00 X 0 136944 12083 0 448340 70172 0 0 1 0 0 17700 17700 132820 132820 77999 93997 -15998 -15998 -15998 OTHER REVENUE 900099 2656 2656 2656 137178 2656 0 116822 4121 4121 4121 0 4121 0 109182 18467 4919034 3612522 1624544 1306512 2622675 2876390 31781 34437 4388182 4235806 98342 94392 2896620 2528753 2994962 2623145 X -1142592 -923151 2535812 2535812 1393220 1612661 4388182 4235806 133057 112298 -25914 0 X 0 1 X 1 0 X X 1 MONTREAT COLLEGE INC 560543261 2 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9352858 306179 445970 328277 9776730 10155305 144146 -691867 254726 9352858 9220997 131321 1002328 199341 10155305 9001056 54532 330456 165047 9220997 8794378 61071 373967 234360 8995056 1.00000 0 1 1 75000 75000 4104881 2908231 1196650 737452 704291 33161 1701 1701 1306512 DUE TO COLLEGE 2528753 2528753 X 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 AND THE FOUNDATION 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 AND FOUNDATION ARE NOT CONSIDERED A PRIVATE FOUNDATION. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 79999 0 0 0 0 0 0 79999 0 79999 0 0 0 1 0 0 PART III ACCOUNTING METHOD: 0 0 0 0 0 0 0 0 0 PAUL MAURER CEO 0 275396 0 0 0 36000 0 0 0 58089 0 369485 0 0 PART I, LINE 3 ALL COMPENSTAION IS PAID BY THE RELATED ORGANIZATION. THE RELATED 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 DIRECTORS ANNUALLY AFTER REVIEWING COMPARABILITY DATA. FORM 990, PART VI, SECTION B, LINE 11B THE 990 WAS PROVIDED TO THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING THE RETURN WITH THE IRS. 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 C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. MONTREAT COLLEGE PO BOX 1267 MONTREAT NC 28757 560543261 HIGHER EDUCATION NC 501(C)(3) LINE 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1