2025-04-28T15:43:19-05:00 2024-06-30 882730877 CHERRY BEKAERT ADVISORY LLC 3800 GLENWOOD AVE SUITE 200 RALEIGH NC 27612 990 2023-07-01 560530242 MEREDITH COLLEGE MERE 9197608600 3800 HILLSBOROUGH STREET RALEIGH NC 27607 DR TAMMI D JACKSON VP FOR BUSINESS & FINANCE 9197608600 2025-04-17 1 1 MELANIE MCPEAK P01346034 9197821040 2023 2025-03-06 01:10:19Z DR AIMEE SAPP 3800 HILLSBOROUGH STREET RALEIGH NC 27607 170870486 0 X WWW.MEREDITH.EDU X 1891 NC FOUNDED IN 1891, MEREDITH IS ONE OF THE LARGEST WOMEN'S COLLEGES IN THE SOUTHEAST. MEREDITH OFFERS COMPREHENSIVE LIBERAL ARTS AND PROFESSIONAL STUDIES FOR UNDERGRADUATE WOMEN. AT THE GRADUATE LEVEL, MEREDITH OFFERS CO-EDUCATIONAL MBA, M.A.T., M.ED., M.S. IN NUTRITION, M.A. IN I-O PSYCHOLOGY, M.A. IN BIOMEDICAL SCIENCES, AND M.A. IN CRIMINAL JUSTICE PROGRAMS. POST-BACCALAUREATE CERTIFICATE PROGRAMS INCLUDE CRIMINAL JUSTICE, DIGITAL MEDIA, DIETETICS, PARALEGAL, AND PRE-HEALTH. 35 35 1123 35 -169236 0 15772634 11190491 68392393 69522292 1750548 1046814 -4420 0 85911155 81759597 30878150 30939428 0 0 33503172 32760131 0 0 2278100 22420393 23894236 86801715 87593795 -890560 -5834198 213016312 219986295 58277765 56486135 154738547 163500160 MEREDITH COLLEGE, GROUNDED IN THE LIBERAL ARTS AND COMMITTED TO PROFESSIONAL PREPARATION, EDUCATES AND INSPIRES STUDENTS TO LIVE WITH INTEGRITY AND PROVIDE LEADERSHIP FOR THE NEEDS, OPPORTUNITIES AND CHALLENGES OF SOCIETY. 0 0 65457049 30939428 59963587 MEREDITH COLLEGE CHALLENGES STUDENTS TO DISCOVER WHAT MAKES THEM STRONG, BUILD ON THOSE STRENGTHS, AND PREPARE TO MAKE A POSITIVE IMPACT ON THE WORLD. WITH MORE THAN 90 MAJORS AND MINORS, OVER 30 GRADUATE AND CERTIFICATE PROGRAMS, AND STRONGPOINTS, A POWERFUL STRENGTHS-FOCUSED PERSONAL COACHING INITIATIVE, IT'S NO WONDER U.S. NEWS, THE PRINCETON REVIEW, AND NICHE HAVE ALL NAMED MEREDITH A "BEST COLLEGE." 8166785 9558705 AUXILIARY ENTERPRISES: THE COLLEGE PROVIDES A NUMBER OF SERVICES THAT SUPPORT LEARNING, BUILD COMMUNITY AND ENHANCE THE OVERALL QUALITY OF STUDENT LIFE. THESE INCLUDE, BUT ARE NOT LIMITED TO, RESIDENTIAL HOUSING, APARTMENTS, DINING, CAMPUS STORE AND MAIL SERVICES. 73623834 1 1 0 0 0 0 0 0 1 1 1 1 0 0 1 1 1 0 1 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 2309 0 1 1123 1 1 1 1 IT 0 0 0 0 0 0 0 0 0 0 X 35 35 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X DR TAMMI D JACKSON 9197608516 3800 HILLSBOROUGH ST RALEIGH NC 27607 CHARLES ROYAL CHAIRMAN 1.00 0.00 X X 0 0 0 ELLA FRANTZ VICE CHAIRMAN 1.00 0.00 X X 0 0 0 CHRISTIE BARBEE TRUSTEE 1.00 0.00 X 0 0 0 DAVID BRANCH JR TRUSTEE 1.00 0.00 X 0 0 0 LENA EPPS BROOKER TRUSTEE 1.00 0.00 X 0 0 0 DR YVETTE BROWN TRUSTEE 1.00 0.00 X 0 0 0 DR LEE CANIPE TRUSTEE 1.00 0.00 X 0 0 0 PATTY CEASE TRUSTEE 1.00 0.00 X 0 0 0 ADRIENNE COLE TRUSTEE 1.00 0.00 X 0 0 0 JO COOPER TRUSTEE 1.00 0.00 X 0 0 0 BILL CROUCH TRUSTEE 1.00 0.00 X 0 0 0 ANDREA OAKLEY FOX TRUSTEE 1.00 0.00 X 0 0 0 JENA GALLAGHER TRUSTEE 1.00 0.00 X 0 0 0 JAMES GAYNOR TRUSTEE 1.00 0.00 X 0 0 0 LESLIE HAYES TRUSTEE 1.00 0.00 X 0 0 0 ALMA AMMONS HOFFMANN TRUSTEE 1.00 0.00 X 0 0 0 BRENDA HUGHES TRUSTEE 1.00 0.00 X 0 0 0 PATRICIA JOHNSON TRUSTEE 1.00 0.00 X 0 0 0 ANN LOWERY TRUSTEE 1.00 0.00 X 0 0 0 JENN MANN TRUSTEE 1.00 0.00 X 0 0 0 HARRISON MARSHALL TRUSTEE 1.00 0.00 X 0 0 0 DEBORAH STANLEY MCNEILL TRUSTEE 1.00 0.00 X 0 0 0 CAROL MILANO TRUSTEE 1.00 0.00 X 0 0 0 QUINTALA PARHAM TRUSTEE 1.00 0.00 X 0 0 0 CHRIS ROLFE TRUSTEE 1.00 0.00 X 0 0 0 NANCY SISKA TRUSTEE 1.00 0.00 X 0 0 0 CLAIRE SLAUGHTER TRUSTEE 1.00 0.00 X 0 0 0 SILDA WALL SPITZER TRUSTEE 1.00 0.00 X 0 0 0 CHUCK STUBER TRUSTEE 1.00 0.00 X 0 0 0 FRAN TETER TRUSTEE 1.00 0.00 X 0 0 0 DONNA THAGARD TRUSTEE 1.00 0.00 X 0 0 0 CAROL TILLMAN TRUSTEE 1.00 0.00 X 0 0 0 RICHARD URQUHART TRUSTEE 1.00 0.00 X 0 0 0 DR DAVID WARREN TRUSTEE 1.00 0.00 X 0 0 0 DAVID WILLIAMS TRUSTEE 1.00 0.00 X 0 0 0 DR JO ALLEN PRESIDENT 40.00 0.00 X 385027 0 44181 N JEAN JACKSON VP COLLEGE PROGAMS 40.00 0.00 X 199007 0 16264 TAMMI JACKSON VP FOR BUS/FIN 40.00 0.00 X 202998 0 18391 CHARLES BARTON VP INST ADV 40.00 0.00 X 196769 0 10419 MATTHEW POSLUSNY SENIOR VP & PROVOST 40.00 0.00 X 187511 0 16328 K EAVES MCLENNAN VP MARKETING/COMMUNICATION 40.00 0.00 X 136879 0 14951 KIMBERLY BURKE DEAN 40.00 0.00 X 190338 0 17080 PAMELA GALLOWAY DIRECTOR OF HR 40.00 0.00 X 139281 0 8141 JEFF LANGENDERFER PROFESSOR 40.00 0.00 X 143423 0 14362 ELIZABETH WOLFINGER DEAN 40.00 0.00 X 153087 0 7778 BING YU PROFESSOR 40.00 0.00 X 144531 0 14128 2078851 0 182023 29 0 1 0 ARAMARK CORPORATION 27310 NETWORK PLACE CHICAGO IL 60673 DINING AND FACILITIES MGMT. 2762981 VISIONPOINT MARKETING 150 FAYETTEVILLE ST STE 300 RALEIGH NC 27601 DIGITAL ADVERTISING & RECRUITMENT 515018 MERCER 100 N TRYON ST STE 3600 CHARLOTTE NC 28202 INVESTMENT MANAGEMENT 365541 ELLUCIAN 2003 EDMUND HALLEY DR RESTON VA 20191 ERM 359357 WOMBLE BOND DICKINSON PO BOX 84 WINSTONSALEM NC 27102 LEGAL 227692 13 586466 10604025 183768 11190491 GROSS TUITION AND FEES 611310 59963587 59963587 HOUSING, DINING & OTHER 900099 8255018 8255018 WORKSHOPS & OTHER FEES 611310 1303687 1303687 69522292 1434792 -169236 1604028 88722911 89110889 -387978 -387978 -387978 81759597 69522292 -169236 1216050 30939428 30939428 1428723 419109 802426 207188 24872794 19318622 4301262 1252910 1103244 840849 202605 59790 3432425 2493740 737462 201223 1922945 1398236 412165 112544 152045 152045 581726 581726 852235 632084 220151 771545 462002 194959 114584 434 434 2963486 2785677 177809 377738 296327 29154 52257 1830454 1720627 109827 2656268 2496892 159376 472025 8712 463313 EXPENDITURES OF RESTRIC 4310953 4310953 FOOD AND FOOD SERVICE 2072246 2072246 SUPPLIES 1600112 1282496 317616 EQUIPMENT 1243065 448620 794280 165 4009904 1696780 2035685 277439 87593795 73623834 11691861 2278100 1300 1300 17734424 16183848 4426758 5398094 1210908 940356 161189 162909 386497 399815 161864397 103169672 59390016 58694725 86854196 92926598 42438067 44261516 412957 1017134 213016312 219986295 3646203 4059166 943667 777459 40559674 38710691 163845 65083 2625000 2525000 10339376 10348736 58277765 56486135 X 24580148 22929369 130158399 140570791 154738547 163500160 213016312 219986295 X -5834198 14685111 -89300 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 130100558 2699704 15008655 6061906 2784340 138962671 124715059 3459992 10461819 5380290 3156022 130100558 144589705 3976439 -15829789 4068540 3952756 124715059 115101611 1671535 32641867 2772599 2052709 144589705 115701677 3751027 3029648 2529584 4851157 115101611 0.14050 0.85950 0.00000 0 0 125800 350034 475834 142098950 87930181 54168769 17071125 15239491 1831634 2218488 2218488 58694725 FUND OF FUNDS 16321140 F PRIVATE EQUITY 24141277 F PRIVATE REAL ESTATE FUNDS 155821 F REITS 3643278 F 44261516 ACCRUED POSTRETIREMENT BENEFIT OBLIGATIONS 7104248 ASSET RETIREMENT OBLIGATION 2455983 DUE TO DONORS OF TRUSTS 272540 OPERATING LEASE LIABILITIES 322418 STUDENT DEPOSITS 193547 10348736 X 64839400 14685111 -31023582 -16338471 81177871 581726 581726 81759597 56077787 0 56077787 581726 30934282 31516008 87593795 PART IV, LINE 2B: THE COLLEGE HOLDS FUNDS IN A CUSTODIAL CAPACITY FOR STUDENT ORGANIZATIONS. PART V, LINE 4: THE COLLEGE'S ENDOWMENT CONSISTS OF APPROXIMATELY 584 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. THE PERCENTAGE REPORTED FOR PERMANENT ENDOWMENTS INCLUDES AMOUNTS THAT MUST BE MAINTAINED IN PERPETUITY AS WELL AS ACCUMULATED EARNINGS ON SUCH AMOUNTS THAT HAVE NOT YET BEEN APPROPRIATED FOR EXPENDITURE. PART X, LINE 2: THE COLLEGE'S POLICY IS TO RECORD A LIABILITY FOR UNRECOGNIZED TAX BENEFITS, AND ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT A TAX POSITION TAKEN BY MANAGEMENT WITH RESPECT TO A TRANSACTION OR CLASS OF TRANSACTIONS WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT BELIEVES THERE ARE NO SUCH POSITIONS AS OF JUNE 30, 2024 OR 2023 AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN POSTRETIREMENT BENEFIT OBLIGATIONS -89,300. INSTITUTIONAL GRANTS SHOWN NET OF TUITION ON FINANCIALS -30,934,282. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL GRANTS SHOWN NET OF TUITION ON FINANCIALS 30,934,282. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 MEREDITH'S FULL NONDISCRIMINATION POLICY IS PRINTED IN COLLEGE PUBLICATIONS SUCH AS THE UNDERGRADUATE CATALOGUE WHICH IS DISTRIBUTED IN PRINT FORM AND ON THE COLLEGE'S WEBSITE. IN ADDITION, IT IS ALSO PUBLISHED IN UNDERGRADUATE AND GRADUATE RECRUITMENT MATERIALS. SCHEDULE E, PART I, LINE 6 IN FURTHERANCE OF ITS EDUCATIONAL MISSIONS, MEREDITH COLLEGE RECEIVES FUNDS IN SUPPORT OF ITS STUDENTS. FUNDS RECEIVED INCLUDE, BUT ARE NOT LIMITED TO: FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT, FEDERAL WORK-STUDY PROGRAM, FEDERAL PELL GRANT PROGRAM, FEDERAL DIRECT STUDENT LOANS, TEACHER EDUCATION ASSISTANCE FOR COLLEGE AND HIGHER EDUCATION GRANT, AND HIGHER EDUCATION EMERGENCY RELIEF FUNDS. EUROPE 1 1 PROGRAM SERVICES STUDY ABROAD 1242018 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 16321140 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES STUDY ABROAD 115873 1 1 0 0 1 1 17679031 0 17679031 1 0 1 1 1 0 PART I, LINE 3: EXPENDITURES ARE ACCOUNTED FOR ON THE ACCRUAL BASIS OF ACCOUNTING. PART IV, LINE 3 ALTHOUGH THE COLLEGE HAD AN OWNERSHIP IN CERTAIN FOREIGN CORPORATIONS (INVESTMENTS) DURING THE TAX YEAR, THE INVESTMENT AMOUNT WAS NOT HIGH ENOUGH TO RENDER THE FILING OF FORM 5471. PART IV, LINE 4 MEREDITH COLLEGE IS AN INVESTOR IN ONE OR MORE PASSIVE FOREIGN INVESTMENT COMPANIES ("PFICS"). THEY RECEIVED NO TAXABLE DISTRIBUTIONS FROM ANY OF THE FUNDS DURING FISCAL YEAR 2024. FORM 8621 IS NOT REQUIRED DUE TO IRS GUIDANCE SET FORTH IN REG. SEC. 1.1291-1(E). 1 INSTITUTIONAL GRANTS, FINANCIAL AID & SCHOLARSHIPS 1233 30934282 TUITION RATES FINANCIAL AID AND SCHOLARSHIPS PART I, LINE 2: MEREDITH COLLEGE FINANCIAL ASSISTANCE OFFICE HAS SYSTEMS AND INTERNAL PROCEDURES IN PLACE THAT ENSURES THE PROPER DETERMINATION, DISBURSEMENT AND MONITORING OF GRANTS AND SCHOLARSHIPS. THESE SYSTEMS AND PROCEDURES COMPLY WITH THE FEDERAL STUDENT TITLE IV AID REGULATIONS, NORTH CAROLINA STATE EDUCATION ASSISTANCE AUTHORITY RULES, AND INSTITUTIONAL POLICIES. X X 1 1 X X X 0 0 0 0 0 0 0 1 0 DR JO ALLEN PRESIDENT 378931 0 0 0 6096 0 34500 0 9681 0 429208 0 0 0 TAMMI JACKSON VP FOR BUS/FIN 201213 0 1785 0 0 0 9875 0 8516 0 221389 0 0 0 N JEAN JACKSON VP COLLEGE PROGAMS 187203 0 1916 0 9888 0 9581 0 6683 0 215271 0 0 0 KIMBERLY BURKE DEAN 185181 0 1989 0 3168 0 9945 0 7135 0 207418 0 0 0 CHARLES BARTON VP INST ADV 186205 0 1893 0 8671 0 9463 0 956 0 207188 0 0 0 MATTHEW POSLUSNY SENIOR VP & PROVOST 182263 0 2080 0 3168 0 9965 0 6363 0 203839 0 0 0 ELIZABETH WOLFINGER DEAN 149911 0 1499 0 1677 0 7496 0 282 0 160865 0 0 0 BING YU PROFESSOR 141841 0 1286 0 1404 0 6428 0 7700 0 158659 0 0 0 JEFF LANGENDERFER PROFESSOR 140247 0 1196 0 1980 0 5981 0 8381 0 157785 0 0 0 K EAVES MCLENNAN VP MARKETING/COMMUNICATION 135091 0 1279 0 509 0 6643 0 8308 0 151830 0 0 0 PART I, LINE 1A THE PRESIDENT IS PROVIDED WITH A RESIDENCE FOR PERSONAL USE AS WELL AS HOUSEKEEPING SERVICES FOR THE CONVENIENCE OF THE COLLEGE SO THAT THE PRESIDENT CAN PERFORM ESSENTIAL SCHOOL BUSINESS AND ACTIVITIES AT THE HOME. THIS RESIDENCE IS PROVIDED FOR THE CONVENIENCE OF THE COLLEGE IN HAVING THE FUNCTIONS OF THE OFFICE OF THE PRESIDENT EFFICIENTLY DISCHARGED AND AS A CONDITION OF EMPLOYMENT AS PRESIDENT OF THE COLLEGE. FOR THE BENEFIT AND CONVENIENCE OF THE COLLEGE, THE PRESIDENT'S RESIDENCE SHALL BE AVAILABLE, AND SHALL BE USED, FOR COLLEGE-RELATED BUSINESS AND ENTERTAINMENT ON A REGULAR AND CONTINUING BASIS. THE APPROXIMATE RENTAL VALUE OF THE HOME IS $3,500 PER MONTH. THESE ARE TREATED AS NONTAXABLE BENEFITS. PART I, LINE 7 BONUSES FOR THE EXECUTIVE TEAM WERE DETERMINED BY THE PRESIDENT AND SHARED WITH THE BOARD OF TRUSTEES. ALL ELIGIBLE EMPLOYEES RECEIVED A ONE-TIME BONUS EQUIVALENT TO 1% OF THEIR SALARIES IN 2023. A NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY 561592154 65818PLG2 2016-09-29 8826029 SEE PART VI 0 0 0 B NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY 561592154 65818PMH9 2018-03-29 40960158 SEE PART VI 0 0 0 A 1080000 8926117 176521 8749596 2009 0 1 1 1 B 8020000 41026605 596792 40429813 2009 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 A 1 B 1 FORM 990, SCHEDULE K, PART I, LINE A, COLUMN (F): TO ADVANCE REFUND $7,800,000 IN AGGREGATE PRINCIPAL AMOUNT OF OUTSTANDING 2008A BONDS INITIALLY ISSUED ON APRIL 3, 2008 AND PAY RELATED ISSUANCE COSTS. FORM 990, SCHEDULE K, PART I, LINE B, COLUMN (F): TO CURRENTLY REFUND OUTSTANDING 2008A AND 2008B BONDS INITIALLY ISSUED ON APRIL 3, 2008 AND PAY RELATED ISSUANCE COSTS. FORM 990, SCHEDULE K, PART II, COLUMNS A & B, LINE 3: THE DIFFERENCE BETWEEN THE AMOUNTS ON LINE 3 AND THE ISSUE PRICES LISTED IN PART I, COLUMN E, IS DUE TO INVESTMENT EARNINGS ON BOND PROCEEDS PENDING DISBURSEMENT. FORM 990, SCHEDULE K, PART II, COLUMN A, LINE 11: $8,744,938 WAS APPLIED TO REDEEM OUTSTANDING 2008A BONDS. $4,658 WAS USED TO PAY INTEREST ON 2016 BONDS. FORM 990, SCHEDULE K, PART II, COLUMN B, LINE 11: $90,386 WAS USED TO PAY DEBT SERVICE ON 2018 BONDS. $40,339,427 WAS APPLIED TO REDEEM OUTSTANDING 2008A AND 2008B BONDS. FORM 990, SCHEDULE K, PART IV, COLUMN B, LINE 2C: THE REBATE COMPUTATION WAS PERFORMED AS OF MARCH 29, 2023 FORM 990, SCHEDULE K, PART IV, COLUMN A, LINE 2C: ALL OF THE BOND PROCEEDS WERE EXPENDED DURING THE FIRST CALCULATION PERIOD, AND NO ARBITRAGE REBATE WAS DUE. THERE ARE CURRENTLY NO EXISTING BOND PROCEEDS THAT REMAIN OUTSTANDING THAT ARE SUBJECT TO ARBITRAGE REBATE. X 11 183768 FMV 0 0 1 1 PART I, LINE 32B: IF THE COLLEGE RECEIVES A GIFT OF REAL ESTATE, AN AGENT IS SELECTED BY THE COLLEGE TO SELL THE PROPERTY. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES IS MADE UP OF 8 TO 10 MEMBERS. THE PURPOSE OF THE COMMITTEE IS TO SERVE AT THE PLEASURE OF THE BOARD AND HAVE AUTHORITY TO ACT FOR THE BOARD ON ALL MATTERS EXCEPT AS OTHERWISE PROVIDED BY LAW AND EXCEPT FOR THE FOLLOWING, WHICH SHALL BE RESERVED FOR THE BOARD: PRESIDENTIAL SELECTION AND TERMINATION, TRUSTEE AND BOARD OFFICER ELECTION, CHANGES IN INSTITUTIONAL MISSION AND PURPOSE, INCURRING CORPORATE INDEBTEDNESS, SALE OF COLLEGE ASSETS, ADOPTION OF ANNUAL BUDGET, AND CONFERRAL OF DEGREES OR TENURE. FORM 990, PART VI, SECTION B, LINE 11B THE BUSINESS AND FINANCE COMMITTEE WILL REVIEW AND APPROVE THE 990. FOR PRIVACY PURPOSES, THE FULL BOARD ONLY RECEIVES A PUBLIC DISCLOSURE COPY OF THE 990 FOR THEIR REVIEW PRIOR TO FILING WITH THE IRS. HOWEVER, THE FORM 990 IS AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD AFFAIRS COMMITTEE MONITORS THE TRUSTEES' CONFLICT OF INTEREST POLICY INCLUDING DISTRIBUTING, COLLECTING, AND REVIEWING CONFLICT OF INTEREST FORMS ANNUALLY. IN ADDITION, THE CHAIR OF THE INVESTMENT COMMITTEE REVIEWS CONFLICT OF INTEREST FORMS FOR THE MEMBERS OF THAT COMMITTEE FOR ANY POTENTIAL CONFLICT SPECIFICALLY RELATED TO THEIR ROLE ON THAT COMMITTEE. IN THE EVENT OF A CONFLICT, THE INDIVIDUAL INVOLVED WOULD RECUSE THEMSELVES FROM ANY VOTE ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT'S COMPENSATION IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, AN INDEPENDENT BODY. THE COMMITTEE RELIES UPON DATA FROM COMPARABLE COLLEGES OBTAINED BY NCICU AND FROM FORMS 990 OF SIMILARLY SITUATED COLLEGES AND UNIVERSITIES. IN ADDITION, THE COMMITTEE ALSO CONSIDERS THE RESULTS OF THE PRESIDENT'S ANNUAL PERFORMANCE EVALUATION. THE DECISION IS DOCUMENTED IN THE MINUTES OF THE COMMITTEE. THE COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES IS INDEPENDENTLY REVIEWED ON EVERY SALARY LEVEL. THE COLLEGE REVIEWS SALARY DATA FROM VARIOUS SOURCES, SUCH AS CUPA. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE CONFLICT OF INTEREST POLICY AND THE GOVERNING DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: CHANGE IN POSTRETIREMENT BENEFIT OBLIGATIONS -89,300. COOPERATING RALEIGH COLLEGES PO BOX 120 RALEIGH NC 27607 237158371 SUPPORT MEMBER INSTITUTIONS NC 501(C)(3) LINE 12A, I N/A 0 CHARITABLE REMAINDER TRUST (4) INVESTMENT NC N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0