2024-05-14T14:29:08-05:00 2023-06-30 BDO USA 421 Fayetteville Street Suite 300 Raleigh NC 27601 990 2022-07-01 560792704 WILLIAM PEACE UNIVERSITY FOUNDATION % DR BRIAN C RALPH WILL 9195082035 15 EAST PEACE STREET RALEIGH NC 27604 BELINDA BURKE CFO & VP for ADMIN. 9195082220 2024-05-14 true BELINDA BURKE 999009999 SANDRA L FEINSMITH P01064157 9192781936 2024-05-14 3 2022 2023-04-26 12:10:37Z DR BRIAN C RALPH 15 EAST PEACE STREET RALEIGH NC 27604 299227 false X WWW.PEACE.EDU X 1962 NC SEE SCHEDULE O 6 5 0 0 0 0 67658 6640 0 0 1509114 99438 0 0 1576772 106078 1733666 1980714 0 0 0 0 0 0 0 117186 101051 1850852 2081765 -274080 -1975687 10955893 9558077 0 0 10955893 9558077 THE PURPOSE OF WILLIAM PEACE UNIVERSITY FOUNDATION IS TO PROVIDE SUPPORT TO WILLIAM PEACE UNIVERSITY, IN ADMINISTRATION OF ASSETS HELD FOR THE BENEFIT OF THE UNIVERSITY AND TO RAISE ADDITIONAL FUNDS FOR THE BENEFIT OF THE UNIVERSITY. false false 2056607 1980714 0 PROVIDE CONTINUAL SUPPORT TO WILLIAM PEACE UNIVERSITY THROUGH THE ADMINISTRATION OF ASSETS HELD FOR THE BENEFIT OF THE UNIVERSITY AND TO RAISE ADDITIONAL FUNDS FOR THE BENEFIT OF THE UNIVERSITY. 2056607 true true false false false false false false false true true true false true false true false true false false false false false false false false false true false true false false false false false false false false false false false false false true false false false true 0 0 0 false false false false false false false false false false false false X 6 5 false false false false false false false true true false false true true true true true true true true false NC X DR BRIAN C RALPH 9195082220 15 EAST PEACE STREET RALEIGH NC 27604 DR BRIAN C RALPH UNIV. PRESIDENT, BOARD MEMBER 2.0 50.0 X 0 360876 22683 GEORGE A YEARWOOD THRU 1122 UNIVERSITY CFO, TREASURER 2.0 50.0 X 0 146966 21280 Belinda Burke UNIVERSITY CFO, TREASURER 2.0 50.0 X 0 83539 4937 ANNIE BAH UNIV ADVANCEMENT AND SECRETARY 2.0 40.0 X 0 69715 10150 Jason Cooper Board Chair 1.0 2.0 X X 0 0 0 Matt Chambers Board Vice Chair 1.0 0.0 X X 0 0 0 BILLIE REDMOND BOARD MEMBER 1.0 4.0 X 0 0 0 SOBERINA TRAYWICK BOARD MEMBER 1.0 0.0 X 0 0 0 DEVON UMSTEAD BOARD MEMBER 1.0 0.0 X 0 0 0 0 661096 59050 0 false true false 0 6640 6640 0 292587 292587 0 0 0 0 0 193149 -193149 -193149 -193149 0 0 0 0 0 0 0 0 0 0 106078 99438 1980714 1980714 0 0 0 0 0 0 0 0 0 0 0 0 2933 2933 0 0 22225 22225 0 0 0 0 0 0 0 0 0 0 0 0 0 ENDOWMENT OVERHEAD FEES 75893 75893 2081765 2056607 25158 0 2877666 1459050 0 0 0 0 0 0 0 0 0 0 1253798 397898 0 0 0 0 295907 295907 295907 280536 0 5467457 5772604 0 0 0 0 780529 1632618 10955893 9558077 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3857806 2466513 7098087 7091564 10955893 9558077 10955893 9558077 -1975687 577871 X X false true X true false X X 1 WILLIAM PEACE UNIVERSITY INC 560529988 2 true 1980714 0 1 1980714 0 true false false false false false false false false false false false false false false true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7703533 6640 -13149 462781 66786 75893 7091564 8237198 72094 24417 403738 129928 96510 7703533 7337106 23261 1469226 387337 91837 113221 8237198 7532671 11582 204964 211051 201060 7337106 5263349 13452 2468380 83385 129125 7532671 1.00000 false true true 295907 295907 295907 WPU AND FOUND. INVESTMENT POOL 5772604 F 5772604 DUE FROM WILLIAM PEACE UNV. 1632618 1632618 0 0 X SCHEDULE D, PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF APPROXIMATELY 90 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF DIRECTORS TO FUNCTION AS ENDOWMENT. SCHEDULE D, PART X, LINE 2: THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAX AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED. WITH RESPECT TO ANY UNRELATED BUSINESS INCOME GENERATED BY THE UNIVERSITY, IT RECORDS INCOME TAXES USING THE LIABILITY METHOD UNDER WHICH DEFERRED TAX ASSETS AND LIABILITIES ARE DETERMINED BASED ON THE DIFFERENCES BETWEEN THE FINANCIAL ACCOUNTING AND TAX BASES OF ASSETS AND LIABILITIES. DEFERRED TAX ASSETS OR LIABILITIES AT THE END OF EACH PERIOD ARE DETERMINED USING THE CURRENTLY ENACTED TAX RATE EXPECTED TO APPLY TO TAXABLE INCOME IN THE PERIOD THAT THE DEFERRED TAX ASSET OR LIABILITY IS EXPECTED TO BE REALIZED OR TO BE SETTLED. AS OF JUNE 30, 2023 AND 2022, THE UNIVERSITY HAD NO DEFERRED TAX ASSETS OR LIABILITIES OR ANY UNCERTAIN TAX POSITIONS. true WILLIAM PEACE UNIVERSITY 15 EAST PEACE STREET RALEIGH NC 27604 560529988 501(C)(3) 1980714 SUPPORT 1 SCHEDULE I, PART I, LINE 2: GRANT IS MADE ONLY TO WILLIAM PEACE UNIVERSITY, THE RELATED SUPPORTED ORGANIZATION WHICH CONTROLS THE FOUNDATION (A 509(A)(3) TYPE I SUPPORTING ORGANIZATION). FUNDS ARE USED FOR THE UNIVERSITY'S EXEMPT PROGRAMS. false false false false false false false false false DR BRIAN C RALPH UNIV. PRESIDENT, BOARD MEMBER 0 360876 0 0 0 0 0 8663 0 14020 0 383559 0 0 GEORGE A YEARWOOD THRU 1122 UNIVERSITY CFO, TREASURER 0 146966 0 0 0 0 0 4746 0 16534 0 168246 0 0 FORM 990, PART I, LINE 1 - DESCRIPTION OF ORGANIZATION MISSION: WILLIAM PEACE UNIVERSITY FOUNDATION IS A NON-PROFIT NON-STOCK FOUNDATION ORGANIZED SOLELY FOR CHARITABLE AND EDUCATIONAL PURPOSES, TO WIT, THE SUPPORT OF WILLIAM PEACE UNIVERSITY, AS LONG AS IT IS OPERATED IN RALEIGH, NORTH CAROLINA, OR WITHIN TEN MILES OF THE CORPORATE LIMITS THEREOF. THE FOUNDATION SHALL BE MANAGED AND OPERATED BY A BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B: THE IRS FORM 990 IS REQUIRED TO BE REVIEWED BY THE FOUNDATION BOARD OF DIRECTORS EACH YEAR BEFORE BEING FILED. A DRAFT VERSION OF THE FORM 990 IS REVIEWED FIRST BY THE CONTROLLER, AND THEN BY THE VICE PRESIDENT FOR FINANCE & ADMINISTRATION AND THE PRESIDENT, AND THEN A COPY IS SENT TO MEMBERS OF THE BOARD OF DIRECTORS OF THE FOUNDATION. DIRECTORS ARE REQUESTED TO REVIEW THE FORM 990, RETURN AND SUBMIT QUESTIONS AND/OR OTHER FEEDBACK TO THE ADMINISTRATION WITH IN ONE WEEK OF RECEIPT. THE VICE PRESIDENT FOR FINANCE & ADMINISTRATION IS RESPONSIBLE FOR SUBMITTING THE DRAFT VERSION OF THE FORM 990 TO THE DIRECTORS FOR REVIEW. THE CONTROLLER COORDINATES WITH THE FOUNDATION'S TAX PREPARERS FOR FILING AFTER THE REVIEW PERIOD. FORM 990, PART VI, SECTION B, LINE 12C: IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE TRUSTEES AND MEMBERS OF COMMITTEES WITH BOARD DELEGATED POWERS CONSIDERING THE ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL OR OTHER PERSONAL INTEREST AND ALL RELEVANT FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE OR SHE SHALL LEAVE THE GOVERNING BOARD OF COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS WITHOUT AN INTEREST IN THE MATTER SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. FORM 990, PART VI, SECTION B, LINE 15: PAID OFFICERS OF THE FOUNDATION ARE COMPENSATED BY WILLIAM PEACE UNIVERSITY, THE RELATED ORGANIZATION WHICH THE FOUNDATION SUPPORTS. THEY ARE SUBJECT TO THE UNIVERSITY'S COMPENSATION POLICIES AS DESCRIBED ON ITS FORM 990. THE FOUNDATION DOES NOT HAVE ANY OF ITS OWN EMPLOYEES. ON AVERAGE, KEY EMPLOYEES SPEND APPROXIMATELY TWO HOURS PER WEEK IN FOUNDATION RELATED MATTERS AND THE REST OF THEIR TIME ON THE UNIVERSITY. FORM 990, PART VI, SECTION C, LINE 19: THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT GENERALLY MADE AVAILABLE TO THE PUBLIC. THE 990 TAX FORMS ARE AVAILABLE ON GUIDESTAR.ORG. FORM 990, PART XII, LINE 1: ACCOUNTING METHOD USED TO PREPARE THE FORM 990: MODIFIED CASH. FORM 990, PART XII, LINE 2C: OVERSIGHT OF AUDITED FINANCIAL STATEMENTS: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. WILLIAM PEACE UNIVERSITY INC 15 EAST PEACE STREET RALEIGH NC 27604 560529988 EDUCATION NC 501(C)(3) 2 NA false WPU & FDN ENDOWMENT INVSTMNT POOL LLC 15 EAST PEACE STREET RALEIGH NC 27604 943481706 DEVELOPMENT NC WM PEACE UN MANAGE INVESTMENTS 5540 5008840 false 0 false 0.15341 false true false false false false false false false false false false false false false false false true false WILLIAM PEACE UNIVERSITY B 1980714 CASH WILLIAM PEACE UNIV AND FNDN INVESTMENT POOL R 6640 CASH SCHEDULE R, PART III, LINE 1: IDENTIFICATION OF RELATED ORGANIZATIONS TAXABLE AS A PARTNERSHIP: NAME OF RELATED ORGANIZATION: WILLIAM PEACE UNIVERSITY AND FOUNDATION ENDOWMENT INVESTMENT POOL, LLC ADDRESS: 15 EAST PEACE STREET, RALEIGH, NC 27604 EIN: 94-3481706 PRIMARY ACTIVITY: PURCHASE, DEVELOPMENT, OWNERSHIP, AND SALE OF INVESTMENTS DIRECT CONTROLLING ENTITY: WILLIAM PEACE UNIVERSITY & WILLIAM PEACE UNIVERSITY FOUNDATION