2024-05-15T13:47:28-05:00 2023-06-30 540504608 BROWN EDWARDS & COMPANY LLP 105 ARBOR DR NE 3RD FLOOR CHRISTIANSBURG VA 24073 990 2022-07-01 560529990 PFEIFFER UNIVERSITY PFEI 7044631360 PO BOX 960 MISENHEIMER NC 28109 DR SCOTT W BULLARD PRESIDENT 7044631360 2024-05-14 1 DR SCOTT W BULLARD 999009999 0 MARK WOOLWINE P00647446 5404433606 2024-05-14 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z DR SCOTT W BULLARD PO BOX 960 MISENHEIMER NC 28109 44270169 0 X WWW.PFEIFFER.EDU X 1938 NC SEE SCHEDULE OPFEIFFER UNIVERSITY IS A COMPREHENSIVE UNITED METHODIST-RELATED UNIVERSITY, WITH MULTIPLE CAMPUSES AND DELIVERY SYSTEMS, COMMITTED TO EDUCATIONAL EXCELLENCE, SERVICE, AND SCHOLARSHIP. WITHIN NURTURING COMMUNITIES OF LEARNERS, WE VALUE DIVERSITY AND PROMOTE THE ATTAINMENT OF FULL ACADEMIC AND PERSONAL POTENTIAL THROUGH ACCESSIBLE UNDERGRADUATE AND GRADUATE PROGRAMS. IT IS THE VISION OF THE UNIVERSITY THAT OUR STUDENTS EMBRACE THE CHRISTIAN VALUES OF HUMAN DIGNITY, INTEGRITY, AND SERVICE AND BECOME SERVANT LEADERS AND LIFELONG LEARNERS. 25 25 291 120 0 0 9705306 8408704 36233175 34817415 -1126454 722307 323683 155543 45135710 44103969 13536029 13769208 0 0 14323116 13327221 0 0 519881 16306408 16257231 44165553 43353660 970157 750309 68452369 72007748 41837323 43863507 26615046 28144241 X PFEIFFER IS A GLOBALLY ENGAGED, REGIONAL UNIVERSITY DISTINCTIVE FOR ITS TRANSFORMATIONAL UNDERGRADUATE EXPERIENCES AND ITS LEADERSHIP IN PROFESSIONAL AND GRADUATE PROGRAMS THAT FILL DEMONSTRATED NEEDS. VESTED IN ITS HISTORY AS A UNITED METHODIST-RELATED UNIVERSITY, AND PROPELLED FORWARD BY AN INNOVATIVE FACULTY, PFEIFFER PREPARES ITS STUDENTS FOR A LIFETIME OF ACHIEVEMENT, SCHOLARSHIP, SPRIITUALITY, AND SERVICE. 0 0 38921467 13769208 34834684 IN THE 2023 ACADEMIC YEAR, THE FRANCIS CENTER FOR SERVANT LEADERSHIP AND FAITH FORMATION PARTICIPATED IN A TOTAL OF 1,420 HOURS OF SERVICE. IN ADDITION, OTHER UNIVERSITY AREAS PARTICIPATED IN 1,112 HOURS OF SERVICE. THEREFORE, THE TOTAL NUMBER OF HOURS EQUALS A TOTAL OF 2,532 HOURS. HIGHLIGHTS FOR THE YEAR INCLUDE: STUDENTS WORKED ON SERVICE PROJECTS WITH HABITAT FOR HUMANITY. TWENTY-THREE STUDENTS PARTICIPATED IN THESE SMALL GROUP EVENTS. FRANCIS SCHOLARS AND OTHER STUDENTS WORKED WITH LOCAL CHURCHES TO PROVIDE FOOD FOR RICHFIELD ELEMENTARY SCHOOL STUDENTS THROUGH THE BACKPACK BUDDIES PROGRAM. PFEIFFER PROVIDED AN ON-CAMPUS BACKPACK BUDDY PACKING PROJECT FOR THE CAMPUS POPULATION TWO TIMES EACH SEMESTER. THE FRANCIS CENTER HAD 65 PARTICIPANTS IN BACKPACK BUDDIES IN THE FALL AND SPRING, PROVIDING FOOD FOR 25 ELEMENTARY SCHOOL STUDENTS. STUDENT PARTICIPATED IN SERVICE PROJECTS WITH STANLY COUNTY CHRISTIAN MINISTRIES IN ALBEMARLE. THIS YEAR THEY SPECIFICALLY WORKED STAFFING A MOBILE FOOD PANTRY ALONSIDE A NEIGHBORING CHURCH WHERE THEY HELPED CLIENTS PICK OUT GROCERIES AND LOAD THEM IN THEIR CARS. THIRTY STUDENTS PARTICIPATED IN THIS MINISTRY DURING THE FALL. FRANCIS CENTER ALSO DID A CLOTHING DRIVE TO COLLECT CLOTHES FOR THE STANLY COUNTY CHRISTIAN MINISTRIES CLOTHING CLOSET THAT HELPS FUND THEIR FEEDING PROGRAM. THE FRANCIS CENTER WORKED WITH LOCAL CHURCHES TO PROVIDE A GOOD NEIGHBOR PANTRY IN PFEIFFER'S CHAPEL TO HELP FOOD-INSECURE STUDENTS AND NEIGHBORS GET WHAT THEY NEED WITHOUT JUDGMENT. THEY ALSO PROVIDED PERIOD PRODUCTS FOR FEMALE STUDENTS WHO STRUGGLE TO AFFORD THEM. THE FRANCIS CENTER HOSTED TWO ONCAMPUS PROJECT LINUS EVENTS, AN OPPORTUNITY WHERE STUDENTS MAKE BLANKETS FOR HOSPITALIZED CHILDREN TWO TIMES DURING THE SEMESTER WITH 54 PARTICIPANTS. IN ADDITION, STUDENTS ALSO MADE BLANKETS FOR ESTHER HOUSE, A DOMESTIC VIOLENCE SHELTER IN OUR COMMUNITY. STUDENTS COLLABORATED WITH THE SALVATION ARMY OF CABARRAS AND STANLY COUNTY TO PROVIDE ANGEL TREE GIFTS FOR LOCAL CHILDREN. STUDENTS AND STAFF PROVIDED CHRISTMAS GIFTS FOR 40 CHILDREN IN THIS SERVICE PROJECT. OTHER AREAS OF CAMPUS ALSO PROVIDE SERVICE. FOR INSTANCE, ALL THE FIRST YEAR SEMINARS DO A SERVICE PROJECT IN THE FALL SEMESTER. LAST YEAR, SERVICE PROJECTS INCLUDED WORKING WITH ANGEL TREE, THE HUMANE SOCIETY, AND CAMPUS CLEANUPS. DELIGHT MINISTRIES, A WOMEN'S BIBLE STUDY GROUP ALSO DID A PROJECT WITH THE LOCAL ANIMAL SHELTER. 38921467 1 1 0 0 0 0 0 1 0 1 1 1 0 1 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 1 1674 0 1 291 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NC X ROBIN S LESLIE 7044631360 PO BOX 960 MISENHEIMER NC 28109 REV JULIANNE BRITTAIN TRUSTEE 1.00 X 0 0 0 MRS JANE CRISCO TRUSTEE 1.00 X 0 0 0 MRS ANNE DANIEL SECRETARY 1.00 X 0 0 0 MR ROGER DICK TRUSTEE 1.00 X 0 0 0 MS DEBORAH FRECH TRUSTEE 1.00 X 0 0 0 REV JOY MELTON CHAIR 1.00 X 0 0 0 MR BENNY MERRELL TRESAURER 1.00 X 0 0 0 MR DAVID MILLER TRUSTEE 1.00 X 0 0 0 MR MATTHEW MOELLER TRUSTEE 1.00 X 0 0 0 MR T RANN PAYNTER TRUSTEE 1.00 X 0 0 0 MR RUSSELL RING TRUSTEE 1.00 X 0 0 0 MR MARSHALL ROGERS PAST CHAIR 1.00 X 0 0 0 MR ALBERT ROSE TRUSTEE 1.00 X 0 0 0 MR JOSEPH SCHORTZ TRUSTEE 1.00 X 0 0 0 MR ARCH STOKES TRUSTEE 1.00 X 0 0 0 MRS NATASHA SUBER TRUSTEE 1.00 X 0 0 0 MRS BONNIE SUTHER VICE CHAIR 1.00 X 0 0 0 THE REV DR TERRY SWICEGOOD TRUSTEE 1.00 X 0 0 0 MR RICK THAMES TRUSTEE 1.00 X 0 0 0 REV DR LAURA AUTEN EX-OFFICIO 1.00 X 0 0 0 MR DAVID BELL EX-OFFICIO 1.00 X 0 0 0 MR GRADY GASTON EX-OFFICIO 1.00 X 0 0 0 BISHOP KENNETH CARTER JR EX-OFFICIO 1.00 X 0 0 0 MS BESS REDMON EX-OFFICIO 1.00 X 0 0 0 DR TED ROYSTON EX-OFFICIO 1.00 X 0 0 0 MS JOANIE STROHM EX-OFFICIO 1.00 X 0 0 0 EMILY CARELLA VP FOR ENROLLMENT MANAGEMENT 40.00 X 109184 0 10092 JEFFERY CHILDRESS VP OF ATHLETICS AND EXTERNAL RELATIONS 40.00 X 60663 0 9719 RONDEAU LAFFITTE VP FOR STUDENT AFFAIRS 40.00 X 95678 0 6716 JOELLEN NEWSOME VP OF INSTITUTIONAL ADVANCEMENT 40.00 X 96760 0 6741 DANIEL MYNATT PROVOST AND VP FOR ACADEMIC AFFAIRS 40.00 X 147758 0 10095 SCOTT BULLARD PRESIDENT 40.00 X 247390 0 6830 ROBIN LESLIE SENIOR VP OF FNANCE AND CFO 40.00 X 150268 0 6830 ELIZABETH FAIN OT PROGRAM DIRECTOR 40.00 X 127342 0 6742 SUSAN LUCK PROF OF BUSINESS ADMINISTRATION 40.00 X 110222 0 11671 CHRISTOPHER BOE PROF OF ELEMENTARY EDUC & DEAN OF GRADUATE SCHOOL 40.00 X 114752 0 6734 CAROLINE HOHENSEE ASSOCIATE PROF OF HEALTH ADMINISTRATION 40.00 X 114429 0 175 MICHAEL KEHOE PRINCIPAL FACULTY FOR PA STUDIES 40.00 X 105433 0 16696 1479879 0 99041 15 0 1 0 SODEXO FOOD SERVICE PO BOX 960 MISENHEIMER NC 28109 FOOD SERVICES 1977934 SODEXO INC & AFFILIATES PO BOX 360170 PITTSBURGH PA 15251 MAINTENANCE SERVICES 1222012 DIGITAL TULIP LLC 2328 ABBEYWOOD RD LEXINGTON KY 40515 ADVERTISING 330700 VILLAGE OF MISENHEIMER PO BOX 100 MISENHEIMER NC 28109 SECURITY SERVICES 266187 JENZABAR INC 101 HUNTINGTON AVE BOSTON MA 02199 SOFTWARE/IT 213918 8 10550 1783668 6614486 819378 8408704 TUITION 611310 27545537 27545537 DORMITORY FEES 611310 2655420 2655420 OTHER PROGRAM SERVICES 611310 2430686 2430686 FOOD SERVICES 611310 2185772 2185772 34817415 274810 274810 129734 0 129734 129734 129734 595370 8700 149506 7067 445864 1633 447497 1633 445864 19800 10550 9627 10173 10173 13831 0 13831 13831 MISCELLANEOUS REVENUE 611310 1805 1805 1805 44103969 34834684 0 860581 13769208 13769208 1328611 379407 608799 340405 10007088 9085650 921438 576918 442981 130094 3843 595571 498531 65731 31309 819033 697586 76333 45114 63059 63059 4223586 3485643 672328 65615 441805 4121 437684 1180516 1041665 129628 9223 745751 739550 6039 162 2285470 2255363 30107 483498 428428 52815 2255 127363 111639 15529 195 842944 826085 16859 2787047 2731369 55678 422738 54022 368716 STUDENT BOARD 1851922 1851922 MISCELLANEOUS EXPENSE 369664 176372 178755 14537 SPECIAL EVENTS 235497 208456 20273 6768 MEMBERSHIPS 187192 133469 53268 455 9179 9179 43353660 38921467 3912312 519881 4411384 1777124 8475153 6017883 2976886 4923151 387067 518883 174865 24231 29745 29745 1079392 743091 76558160 38089270 40393872 38468890 8023967 10290999 2077361 4774849 422677 4438902 68452369 72007748 2203840 1551902 1914450 1399538 36672094 35874692 350004 1046939 4687371 41837323 43863507 X 5603400 3604269 21011646 24539972 26615046 28144241 68452369 72007748 750309 778886 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 15851509 350672 1436501 17638682 16324708 665231 -1138430 15851509 14198030 407810 1718868 16324708 14183026 735638 396137 1116771 14198030 15252892 532240 670616 2272722 14183026 0.00500 0.99500 0.00000 0 0 3417937 3417937 56095959 26438124 29657835 16958780 11651006 5307774 85484 140 85344 38468890 CASH AND CASH EQUIVALENTS 4746583 F BONDS 28266 F 4774849 OPERATING LEASE RIGHT-OF-USE ASSETS 3859996 FINANCING LEASE RIGHT-OF-USE ASSETS 186272 CASH SURRENDER VALUE OF LIFE INSURANCE POLICY 392634 4438902 OPERATING LEASE RIGHT-OF-USE LIABILITIES 4203337 FINANCING LEASE RIGHT-OF-USE LIABILITIES 189429 REFUNDABLE ADVANCES FOR STUDENT LOANS 291568 ANNUITIES PAYABLE 3037 4687371 X 31075443 778886 15228 794114 30281329 63059 13759581 13822640 44103969 29546248 0 29546248 63059 13744353 13807412 43353660 PART III, LINE 4: FRAMED ORIGINAL PHOTOGRAPH OF DR. MARTIN LUGHER KING, JR. AND DR. VERNON MACK HERRON. THE MARCH FROM SELMA TO MONTGOMERY, ALABAMA IN 1965. ALSO INCLUDED IS A GENEOLOGY COLLECTION OF BOOKS, DOCUMENTS AND MEMORABILIA FROM DR. HERRON. THESE INCLUDE HIS WRITINGS ON THE CIVIL RIGHTS MOVEMENT. PART X, LINE 2: THE UNIVERSITY IS A TAX-EXEMPT ENTITY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). THE CAMPUS IS A SINGLE MEMBER LIMITED LIABILITY COMPANY AND IS THEREFORE DISREGARDED FOR INCOME TAX PURPOSES. ACCORDINGLY, THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION OR LIABILITY FOR FEDERAL AND STATE INCOME TAXES. THE UNIVERSITY HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF JUNE 30, 2023 AND 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 6,776. CHANGE IN VALUE OF CASH VALUE LIFE INSURANCE 8,452. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 13,769,208. FUNDRAISING EVENT EXPENSE -9,627. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 13,769,208. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -6,776. CHANGE IN VALUE OF CASH VALUE LIFE INSURANCE -8,452. FUNDRAISING EVENT EXPENSE -9,627. 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 UNIVERSITY INCLUDES THE RACIALLY NON-DISCRIMINATORY POLICY IN ALL ITS BROCHURES, CATALOGUES AND OTHER WRITTEN COMMUNICATIONS WITH THE PUBLIC THAT RELATE TO STUDENT ADMISSIONS, PROGRAMS, AND SCHOLARSHIPS. SCHEDULE E, PART I, LINE 6 EXPENDITURES OF FEDERAL AWARDS SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT, FEDERAL DIRECT LOAN PROGRAM, FEDERAL WORK STUDY, PELL GRANT PROGRAM. EXPENDITURES OF STATE AWARDS NC NEED-BASED SCHOLARSHIP PROGRAM, NC FORGIVEABLE EDUCATIONAL LOANS FOR SERVICE, GOLDEN LEAF SCHOLARS PROGRAM. GOLF TOURNAMENT 30350 10550 19800 950 2618 3090 2538 431 30350 10550 19800 950 2618 3090 2538 431 9627 10173 1 SCHOLARSHIPS 997 13769208 PART I, LINE 2: SCHOLARSHIPS ARE AWARDED EACH YEAR BASED ON REQUIREMENTS DICTATED BY THE TYPE OF SCHOLARSHIP. ALL SCHOLARSHIPS ARE APPLIED TO EACH STUDENT'S ACCOUNT AND DISBURSED FROM THE FINANCIAL AID OFFICE. 1 X X 0 0 0 0 0 0 0 0 0 SCOTT BULLARD PRESIDENT 240373 0 1017 0 6000 0 0 0 6830 0 254220 0 0 0 DANIEL MYNATT PROVOST AND VP FOR ACADEMIC AFFAIRS 146398 0 1360 0 0 0 0 0 10095 0 157853 0 0 0 ROBIN LESLIE SENIOR VP OF FNANCE AND CFO 148997 0 1271 0 0 0 0 0 6830 0 157098 0 0 0 MR ROGER DICK BOARD OF TRUSTEES MEMBER 1500000 THE UNIVERSITY OBTAINED A LOAN FROM UWHARRIE BANK AND MR. ROGER DICK IS CEO OF UWHARRIE BANK. 0 X 10 812611 AVERAGE HIGH/LOW X EQUIPMENT 5 3193 DONOR VALUE X FOOD AND BEVERAGE 5 1769 DONOR VALUE X APPAREL 2 934 DONOR VALUE X SUPPLIES 3 871 DONOR VALUE 0 1 1 PART I, LINE 32B: PFEIFFER UNIVERSITY CONTRACTS WITH AN ONLINE AUCTION COMPANY FOR ASSISTANCE WITH THE ANNUAL HOMECOMING AUCTION. THE COMPANY PROVIDES A SPECIFIC WEB ADDRESS WHERE CONSTITUENTS CAN BID ONLINE AND PROVIDE MAXIMUM BIDS PRIOR TO THE LIVE AUCTION AT HOMECOMING. FORM 990, PART VI, SECTION B, LINE 11B PFEIFFER UNIVERSITY'S FORM 990 IS SENT TO THE PRESIDENT, CFO, AND ALL BOARD OF TRUSTEE MEMBERS FOR INDIVIDUAL REVIEW BEFORE THE RETURN IS SUBMITTED. THE FINANCE COMMITTEE WILL REVIEW IN DETAIL AT A SCHEDULED MEETING PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C PFEIFFER UNIVERSITY REQUIRES ALL TRUSTEES TO COMPLETE A CONFLICT OF INTEREST FORM ANNUALLY, WHICH IS REVIEWED BY THE PRESIDENT'S OFFICE. IN THE EVENT OF A POTENTIAL CONFLICT DURING THE YEAR, THE INTERESTED PERSON SHALL RECUSE HIMSELF/HERSELF FROM DISCUSSIONS AND VOTE ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES OR FINANCE COMMITTEE ANNUALLY REVIEWS COMPARABLE EXTERNAL DATA AND BENCHMARKS, AS WELL AS PERFORMANCE IN DETERMINING APPROPRIATE COMPENSATION. THE DECISION IS DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS FORM 1023 AND FORM 990 AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR PERIOD.