2026-04-09T09:25:54+00:00 2025-05-31 990 2024-06-01 560532303 Elon University ELON 3362785428 PO Box 398 Elon NC 27244 JANET WILLIAMS VP for Fin. and Admin. 3362785434 2026-04-09 2024 2025-03-06 01:10:19Z Dr Constance L Book PO Box 398 Elon NC 27244 493657555 false X www.ELON.edu X 1901 NC ELON UNIVERSITY'S MISSION IS TO TRANSFORM THE MIND, BODY, AND SPIRIT AND ENCOURAGE FREEDOM OF THOUGHT AND LIBERTY OF CONSCIENCE. THE UNIVERSITY PROVIDES A LIBERAL ARTS UNDERGRADUATE CURRICULUM AND GRADUATE PROGRAMS. 37 37 4885 3582 7529554 501736 20232847 24183747 380639035 402610014 8194 -465416 12113899 15073165 412993975 441401510 82635678 98401943 0 176807090 187009311 29000 48000 9138004 138860985 150022523 398332753 435481777 14661222 5919733 1207035090 1249999745 301629994 290020235 905405096 959979510 X ELON UNIVERSITY'S MISSION IS TO TRANSFORM MIND, BODY, AND SPIRIT AND ENCOURAGE FREEDOM OF THOUGHT AND LIBERTY OF CONSCIENCE. THE UNIVERSITY PROVIDES A LIBERAL ARTS UNDERGRADUATE CURRICULUM AND GRADUATE PROGRAMS. false false 242485388 92635723 338302140 INSTRUCTION - EXPENSES RELATED TO PROVIDING THE PRIMARY PURPOSE OF EDUCATION FOR UNDERGRADUATE AND GRADUATE STUDENTS. 60587042 4276817 STUDENT SERVICES - EXPENSES RELATED TO THE PRIMARY PURPOSE OF CONTRIBUTING TO STUDENTS' EMOTIONAL AND PHYSICAL WELL-BEING AND INTELLECTUAL, CULTURAL, AND SOCIAL DEVELOPMENT. ATHLETICS IS INCLUDED WITHIN THIS DIVISION. 57898270 5766220 60031057 AUXILIARY SERVICES - EXPENSES RELATED TO THE FUNCTION OF FURNISHING GOODS OR SERVICES TO STUDENTS, FACULTY, OR STAFF. EXAMPLES ARE RESIDENCE HALLS AND FOOD SERVICES. 13209843 8033603 ACADEMIC SUPPORT - EXPENSES INCURRED TO PROVIDE SUPPORT SERVICES FOR THE INSTITUTION'S PRIMARY MISSION OF INSTRUCTION, INCLUDING THE LIBRARY, MEDIA SERVICES, AND TECHNOLOGY. 13209843 8033603 374180543 true true false false false false false true false true true true false false true true false true true false true false false true true false false false true true true false false false false false false false false true false true true false false true true false false false false true 1067 0 true 4885 true true true false false false false true true false false false false false false X 37 37 false true false false false false false true true false false false true true true true true true true true false false X Kelly McKinney 3362785260 PO Box 398 Elon NC 27244 Allen E Gant Jr Trustee 1.0 X 0 0 0 Charles R Clohan Trustee 1.0 X 0 0 0 Chris P Martin Trustee 1.0 X 0 0 0 Dalton L McMichael Jr Trustee 1.0 X 0 0 0 David C Porter Chair 1.0 X 0 0 0 Debra Del Vecchio Trustee 1.0 X 0 0 0 Dr William N P Herbert Trustee 1.0 X 0 0 0 Edmond N Moriarty Past - Chair 1.0 X 0 0 0 Edward W Doherty Trustee 1.0 X 0 0 0 Elizabeth Kwon Trustee 1.0 X 0 0 0 Howard F Arner Trustee 1.0 X 0 0 0 James A Hendrickson Trustee 1.0 X 0 0 0 John B Replogle Trustee 1.0 X 0 0 0 John R Hill Trustee 1.0 X 0 0 0 Kebbler McGhee Williams Secretary 1.0 X 0 0 0 Kelli Palmer Trustee 1.0 X 0 0 0 Kerrii Brown Anderson Trustee 1.0 X 0 0 0 Lance Berberian Trustee 1.0 X 0 0 0 Larry Clark Trustee 1.0 X 0 0 0 Louis DeJoy Trustee 1.0 X 0 0 0 Mark T Mahaffey Trustee 1.0 X 0 0 0 Maurice N Jennings Jr Vice Chair 1.0 X 0 0 0 Megan Curling Trustee 1.0 X 0 0 0 Michele Skeens Hazel Trustee 1.0 X 0 0 0 Noel L Allen Trustee 1.0 X 0 0 0 Patricia Chadwick Trustee 1.0 X 0 0 0 Richard L Thompson Trustee 1.0 X 0 0 0 Robert B Bob Chandler Trustee 1.0 X 0 0 0 Robert E Long Jr Trustee 1.0 X 0 0 0 Rupinder Rupe Sidhu Trustee 1.0 X 0 0 0 The Rev Dr Marvin L Morgan Trustee 1.0 X 0 0 0 Toni P Brown Trustee 1.0 X 0 0 0 Victoria Silek Hunt Trustee 1.0 X 0 0 0 Wesley R Elinburg Trustee 1.0 X 0 0 0 William H Smith Trustee 1.0 X 0 0 0 William Slattery Trustee 1.0 X 0 0 0 William Williams III Trustee 1.0 X 0 0 0 Dr Constance L Book President 40.0 X 646310 0 242754 Janet Williams VP for Finance and Administration 40.0 X 382676 0 54352 Rebecca Kohn Provost, VP Academic Affairs 40.0 X 360739 0 53040 Dr Jonathan C Dooley Vice Pres of Student Life 40.0 X 247710 0 41214 James Piatt Vice Pres - Uni. Advancement 40.0 X 379079 0 83433 Jennifer Strawley Director of Athletics 40.0 X 366581 0 66691 Dr Raghuram Tadepalli Dean-School of Bus. 40.0 X 357812 0 52440 Haya Ajjan Dean-School of Bus. 40.0 X 316931 0 65527 Tony Trisciani Football Coach 40.0 X 393001 0 49247 William Taylor Head Men's Basketball Coach 40.0 X 467446 0 55350 Zak Kramer Dean and Prof. of Law 40.0 X 315343 0 72717 David L Dave Blank Special Assistant to the President 40.0 X 262239 0 52674 4495867 0 889439 301 true true false Aramark Services Inc PO Box 7548 Philadelphia PA 191017548 Dining Services 29766028 New Atlantic Contracting Inc 2635 Reynolda Road WinstonSalem NC 27106 Construction 15918757 Davie Construction Company 152 E Kinderton Way Advance NC 27006 Construction 4123118 Edifice LLC 4111 South Blvd Charlotte NC 28209 Construction 3174722 Accademia Europea Di Firenze Sr Via Cavour 37 Firenze ME 04106 Study Abroad 2940105 180 499096 4435679 19248972 3045143 24183747 TUITION & FEES 900099 338302140 338302140 AUXILLARY SERVICES 900099 60031057 60031057 ATHLETICS 900099 4276817 4276817 0 0 0 0 402610014 0 512202 -512202 0 0 51184887 563442 51184887 1028858 0 -465416 -465416 -465416 64510 499096 42300 22210 22210 THE INN AT ELON 721110 6880737 6880737 OTHER REVENUES 611710 6862709 6862709 ARAMARK CONTRACTS 611710 1178833 1170894 7939 128676 0 128676 0 15050955 441401510 410643617 7529554 -955408 98401943 98401943 2978164 733328 1551825 693011 143397633 119539420 18779231 5078982 8849352 7477345 1189602 182405 21257162 16996457 3495334 765371 10527000 8557474 1638128 331398 18565 18565 1575021 67763 1486580 20678 111976 111976 48000 48000 1943615 1644447 299168 30182747 25807815 4115034 259898 2133331 1459560 543720 130051 9594438 7394799 1868621 331018 3905004 1643994 2249159 11851 14911 2923 11988 12134269 11897547 203947 32775 29198304 27311769 1514709 371826 2254057 1545720 570353 137984 1134811 1134811 17653775 17376804 276971 4253277 425626 3825298 2353 Debt Service 7489223 6986245 502978 Special Project 5543705 5094994 446066 2645 Interest Rate Swap 56633 56633 Other 14664447 12604561 1322128 737758 6160414 0 6160414 0 435481777 374180543 52163230 9138004 74507681 85592976 465080 27270 4276986 3520418 0 0 123492 68651 7593085 6004713 792688614 222226884 559083094 570461730 189106606 176230107 341196558 377782185 945952 821760 29736556 29489935 1207035090 1249999745 29071115 30543795 6461174 5571573 211928579 200325201 0 54169126 53579666 301629994 290020235 X 660611887 695458731 244793209 264520779 905405096 959979510 1207035090 1249999745 X 5919733 47431389 1943615 -720323 X false true true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 45000 3317849 X X X false 361667663 16054433 36154360 9942587 3896920 1943615 398093334 318417942 16826552 41588351 9055888 4166220 1943074 361667663 314150919 13026138 7441563 10582618 3717695 1900365 318417942 327004825 15507807 -12765259 10113399 3292960 2190095 314150919 258923375 8260187 73712785 8892792 3208879 1789851 327004825 0.422 0.481 0.097 false false 52962367 52962367 615754876 160149997 455604879 61686910 30494361 31192549 45044465 31116593 13927872 17239996 465933 16774063 570461730 Closely-held equity interests Financial derivatives REAL ESTATE 282014 F OUTSIDE PERPETUAL TRUSTS 4816741 F ALTERNATIVE INVESTMENTS 372076849 F OTHER 606581 F 377782185 Federal Income Taxes STUDENT DEPOSITS 5430977 OBLIGATION UNDER INTEREST RATE SWAP 227811 U.S. GOVT ADVANCE FOR STUDENT LOANS 435209 OTHER LIABILITIES 13198866 SHORT TERM OPERATING LEASE 2507038 SHORT TERM FINANCE LEASE 935415 LONG TERM OPERATING LEASE 21256067 LONG TERM FINANCE LEASE 9588283 53579666 X 383592519 49375004 42300 49417304 334175215 1943615 105282680 107226295 441401510 328961472 42300 42300 328919172 1943615 104618990 106562605 435481777 Schedule D, Part III, Line 4 Collections of art - description of collections THE COLLECTIONS OF ART AND SIMILAR ASSETS ARE USED FOR TEACHING AND RESEARCH BY THE UNIVERSITY'S FACULTY AND STUDENTS. SOME PIECES ARE ON DISPLAY THROUGHOUT THE CAMPUS. Schedule D, Part V, Line 4 Intended uses of endowment funds THE UNIVERSITY'S ENDOWMENT CONSISTS OF INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF EDUCATIONAL PURPOSES WHICH INCLUDE THE FUNDING OF SCHOLARSHIPS, PROFESSORSHIPS AND PROGRAM RELATED ACTIVITIES SUCH AS STUDY ABROAD, FACULTY DEVELOPMENT, COMMUNICATIONS STUDIES, LECTURE SERIES, SUPPORT OF SPIRITUAL LIFE, ETC. SCHOLARSHIPS PROVIDED INCLUDE ACADEMIC, ATHLETIC AND NEED BASED SCHOLARSHIPS WHICH ARE AWARDED BY THE OFFICE OF FINANCIAL PLANNING ON AN ANNUAL BASIS. FUNDS PROVIDED FOR PROFESSORSHIPS ARE USED TO FUND SALARY AND OPERATING EXPENSES FOR THE INTENDED AREA OF STUDY. EXTERNAL INVESTMENT MANAGERS ARE EMPLOYED TO OVERSEE THE ENDOWMENT FUNDS. THE BOARD OF TRUSTEES HAVE APPROVED AN ENDOWMENT SPENDING POLICY WHEREBY DISTRIBUTIONS ARE USED TO FUND THE EDUCATIONAL PURPOSES DESCRIBED ABOVE. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT ON NET INCOME DERIVED FROM ACTIVITIES UNRELATED TO ITS BUSINESS PURPOSE. THE UNIVERSITY BELIEVES IT HAS SUFFICIENT JUSTIFICATION FOR ANY TAX POSITIONS TAKEN, INCLUDING ALLOCATION OF EXPENSES TO ITS UNRELATED BUSINESS INCOME AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS. GENERALLY, FEDERAL INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR THREE YEARS AFTER THEY ARE FILED. AS OF THE REPORT DATE (SEPTEMBER 23, 2025), THE UNIVERSITY'S FEDERAL EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURNS (FORM 990-T) FOR 2023, 2022 AND 2021 REMAIN SUBJECT TO SAID EXAMINATION. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 FUNDRAISING EXPENSES - 42300 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements INN AT ELON - 6880737 TUITION DISCOUNT - 98401943 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 FUNDRAISING EXPENSES - 42300 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements INN AT ELON - 6160414 TUITION DISCOUNT - 98401943 SWAP - 56633 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY ELON UNIVERSITY'S NONDISCRIMINATORY POLICY APPEARS ON ITS APPLICATION, IN THE VIEWBOOK, PRE-REGISTRATION GUIDE, ACADEMIC CATALOG AND ON MONITORS ACROSS CAMPUS. THE POLICY STATES "THE UNIVERSITY DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, OR NATIONAL ORIGIN (INDCLUDING SHARED ANCESTRY OR ETHNIC CHARACTERISTICS), SEX (INCLUDING SEXUAL ORIENTATION, GENDER IDENTITY, AND PREGNANCY OR RELATED CONDITIONS), AGE (CONTINUED ON SUPPLEMENTAL SECTION). Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT THE UNIVERSITY RECEIVES FUNDS FROM THE FEDERAL GOVERNMENT AND THE STATE OF NORTH CAROLINA ON BEHALF OF ITS STUDENTS WHO HAVE DEMONSTRATED FINANCIAL NEED. A LIST OF ANY FINANCIAL AID OR ASSISTANCE FROM STATE AND FEDERAL AGENCIES IS ON FILE AT THE INSTITUTION AND IS PUBLISHED IN THE UNIFORM GUIDANCE SINGLE AUDIT EACH YEAR. Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY (CONTINUE FROM SCHEDULE E, PART 1, LINE 3) DISABILITY, GENETIC INFORMATION, RELIGION, VETERAN'S STATUS, OR ANY OTHER PROTECTED BASIS UNDER APPLICABLE LAW (COLLECTIVELY KNOWN AS "PROTECTED CATEGORIES") IN THE RECRUITMENT AND ADMISSION OF STUDENTS, THE RECRUITMENT AND EMPLOYMENT OF FACULTY AND STAFF OR THE OPERATION OF ANY OF ITS PROGRAMS AND ACTIVITIES." Central America and the Caribbean 0 0 Program Services STUDY ABROAD 39218 East Asia and the Pacific 0 0 Program Services STUDY ABROAD 504714 Europe (Including Iceland and Greenland) 0 0 Program Services STUDY ABROAD 9148212 Middle East and North Africa 0 0 Program Services STUDY ABROAD 133374 North America (Canada & Mexico only) 0 0 Program Services STUDY ABROAD 140959 South America 0 0 Program Services STUDY ABROAD 168817 South Asia 0 0 Program Services STUDY ABROAD 53026 Sub-Saharan Africa 0 0 Program Services STUDY ABROAD 136535 0 0 0 0 0 0 10324855 0 10324855 true false false false false false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual; EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; MIDDLE EAST AND NORTH AFRICA-Accrual; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual; SOUTH AMERICA-Accrual; SOUTH ASIA-Accrual; SUB-SAHARAN AFRICA-Accrual X X X X X X X true MARTS & LUNDY 160 CHUBB AVENUE LYNDHURST NJ 07071 CONSULTATION false 48000 -48000 0 48000 -48000 CA CO CT DE DC FL GA AL HI ID IL IN IA KS KY LA ME AK MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA AZ RI SC SD TN TX UT VT VA AR WA WV WI WY NIGHT OF THE PHOENIX 563606 499096 64510 10219 21036 7451 3594 0 0 563606 499096 64510 10219 21036 7451 3594 42300 22210 true FINANCIAL AID TO STUDENTS 5688 98401943 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds SCHOLARSHIP FUNDS ARE MONITORED COLLABORATIVELY BY THE OFFICE OF THE REGISTRAR, OFFICE OF STUDENT FINANCIAL SERVICES, FINANCIAL AID, AND THE ACCOUNTING OFFICE TO VERIFY ELIGIBILITY, APPROPRIATE SELECTION CRITERIA AND APPLICATION OF SCHOLARSHIP FUNDS. FUNDS ARE CREDITED DIRECTLY TO THE STUDENTS' ACCOUNTS. X X X true true X X X X X X false false false false false false false true false Dr Constance L Book President 604592 0 0 0 41718 0 231600 0 11154 0 889064 0 0 0 Janet Williams VP for Finance and Administration 340193 0 0 0 42483 0 50600 0 3752 0 437028 0 0 0 Rebecca Kohn Provost, VP Academic Affairs 281045 0 0 0 79694 0 25478 0 27562 0 413779 0 0 0 David L Dave Blank Special Assistant to the President 236853 0 0 0 25386 0 19693 0 32981 0 314913 0 0 0 Dr Jonathan C Dooley Vice Pres of Student Life 235890 0 0 0 11820 0 19513 0 21701 0 288924 0 0 0 James Piatt Vice Pres - Uni. Advancement 357358 0 0 0 21721 0 50600 0 32833 0 462512 0 0 0 Jennifer Strawley Director of Athletics 354051 0 0 0 12530 0 27600 0 39091 0 433272 0 0 0 Dr Raghuram Tadepalli Dean-School of Bus. 347894 0 0 0 9918 0 27600 0 24840 0 410252 0 0 0 Tony Trisciani Football Coach 387855 0 0 0 5146 0 27600 0 21647 0 442248 0 0 0 William Taylor Head Men's Basketball Coach 421670 0 5000 0 40776 0 27600 0 27750 0 522796 0 0 0 Haya Ajjan Dean-School of Bus. 241998 0 73701 0 1232 0 18943 0 46584 0 382458 0 0 0 Zak Kramer Dean and Prof. of Law 313648 0 0 0 1695 0 25641 0 47076 0 388060 0 0 0 Schedule J, Part I, Line 1a Tax indemnification and gross-up payments TAX INDEMNIFICATION AND GROSS-UP PAYMENTS: THE UNIVERSITY GROSSES UP CAR ALLOWANCES FOR CERTAIN SENIOR STAFF. PERSONAL USE OF CARS ARE INCLUDED IN THE TAXABLE INCOME OF THE EMPLOYEES. Schedule J, Part I, Line 1a Housing allowance or residence for personal use HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: THE ONLY PERSON WHO RECEIVES HOUSING IS THE UNIVERSITY PRESIDENT. THE PRESIDENT'S CONTRACT STATES THAT AS A CONDITION OF EMPLOYMENT, AND AS A BENEFIT TO THE UNIVERSITY, THE PRESIDENT IS TO RESIDE IN UNIVERSITY PROVIDED HOUSING. IN ADDITION, THE CONTRACT STATES THE UNIVERSITY SHALL PAY ALL UTILITIES, REAL ESTATE TAXES, INSURANCE AND EXPENSE FOR MAINTENANCE AND UPKEEP FOR THE PRESIDENTIAL RESIDENCE. Schedule J, Part I, Line 1a Personal services PERSONAL SERVICES: THE PRESIDENT'S CONTRACT STATES THAT AS A CONDITION OF EMPLOYMENT THE PRESIDENT WILL RESIDE IN UNIVERSITY PROVIDED HOUSING. IN ADDITION, EXPENSES FOR MAINTENANCE AND UPKEEP OF THE PRESIDENT'S RESIDENCE WILL BE PAID FOR BY THE UNIVERSITY. Schedule J, Part I, Line 7 Non-fixed payments BILLY TAYLOR RECEIVED ADDITIONAL PAY FOR MEETING CONTRACT OBJECTIVES AND HAYA AJJAN RECEIVED ADDITIONAL RETENTION COMPENSATION. A NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY 561592154 2012-07-18 54595000 FINANCE COST OF IMPROVEMENTS false false false B NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY 561592154 2014-09-30 39985000 REFUNDED ISSUES 1997, 1998, 2000, 2001C AND 2006. false false false C NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY 561592154 2014-09-30 60325000 REFUNDED ISSUES 2010 AND 2011. false false false D NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY 561592154 2017-04-26 24320000 FINANCE RESIDENCE HALLS, TENNIS BUILDING, AND PHOENIX ATHLETIC RECREATIONAL CENTER-SOUTH false false false A 0 54830317 2703449 235373 50766495 1125000 2014 false false true true B 39985000 39985000 2008 true false true true C 60325000 60325000 2013 true false true true D 24512545 1354050 162192 22996303 0 2018 false false true true A false false false false false false 0 0 0.0 false false 0 false true B false false false false false false 0 0 0.0 false false 0 false true C false false false false false false 0 0 0.0 false false 0 false true D false false false false false false 0 0 0.0 false false 0 false true A false false false true true false 0 false false false 0 false false true B false false false true false true WELLS FARGO 25.0 false false false 0 false false true C false false false true true false 25.0 false false false 0 false false true D false false false true true false 0 false false false 0 false false true A true B true C true D true Schedule K, Part II, Line 3 COLUMN A NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY - $235,317 INTEREST EARNED HAS BEEN ADDED TO THE ISSUE PRICE. Schedule K, Part II, Line 13 COLUMN C NC Facilities Finance Agency Series-In September 2014 the university extinguished the outstanding debt related to revenue bond series 2010 and 2011 and arranged for debt refinancing through a direct purchase. Projects funded by the original bond issues were completed in 2013. Schedule K, Part II, Line 13 Column B NC Facilities Finance Agency Series-In September 2014 the university extinguished the outstanding debt related to revenue bond series 1997, 1998, 2000, 2001C, and 2006 and arranged for debt refinancing through a direct purchase. Projects funded by the original bond issues were completed in 2008. Schedule K, Part II, Line 3 COLUMN D NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY - $192,545 INTEREST EARNED HAS BEEN ADDED TO THE ISSUE PRICE. Schedule K, Part II, Line 3 COLUMN E NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY - $294,639 INTEREST EARNED HAS BEEN ADDED TO THE ISSUE PRICE Schedule K, Part II, Line 3 COLUMN F NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY - $5,605 INTEREST EARNED HAS BEEN ADDED TO THE ISSUE PRICE. Schedule K, Part II, Line 3 COLUMN G NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY - $1,128,976 INTEREST EARNED HAS BEEN ADDED TO THE ISSUE PRICE Schedule K, Part IV, Line 2c COLUMN A Issuer name: NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY The calculation for computing no rebate due was performed on 06/20/2023 Schedule K, Part IV, Line 2c COLUMN B Issuer name: NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY The calculation for computing no rebate due was performed on 09/30/2024 Schedule K, Part IV, Line 2c COLUMN C Issuer name: NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY The calculation for computing no rebate due was performed on 09/30/2024 Schedule K, Part IV, Line 2c COLUMN D Issuer name: NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY The calculation for computing no rebate due was performed on 04/26/2022 Schedule K, Part IV, Line 2c COLUMN A Issuer name: NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY The calculation for computing no rebate due was performed on 03/27/2023 Schedule K, Part IV, Line 2c COLUMN B Issuer name: NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY The calculation for computing no rebate due was performed on 05/05/2024 A NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY 561592154 2018-03-27 20000000 CONSTRUCTION OF ELEMENTARY SCHOOL. false false false B NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY 561592154 2021-05-06 50000000 ENGINEERING, HEALTH SCIENCES BUILDING AND PARKING false false false C NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY 561592154 2023-06-22 37265000 EAST NEIGHBORHOOD HOUSING, FRANCIS CENTER RENOVATION AND EXPANSION. false false false A 20294639 1087191 143055 18478015 586378 2019 false false true true B 50005679 1676712 219277 48109690 2025 false false true true C 38393976 2014639 257810 33781038 2340489 false false false true A false false false false false false 0 0 0.0 false false 0 false true B false false false false false false 0 0 0.0 false false 0 false true C false false false false false false 0 0 0.0 false false 0 false true A false false false true false false 0 false false false 0 false false true B false false false true false false 0 false false false 0 false false true C false true false false false false 0 false false false 0 false false true A true B true C true STACIE DOOLEY FAMILY MEMBER OF A KEY EMPLOYEE 131312 EMPLOYEE false AMY PIATT FAMILY MEMBER OF A KEY EMPLOYEE 44429 EMPLOYEE false 1 45000 Market value 32 2885057 Market value X Golf cart and uniforms 1 37586 Market value X 2 John Deere Mowers 1 35000 Market value X Paving 1 40000 Market value X Musical Instruments 1 2500 Market value 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - Number of contributions Art - Works of art - Number of contributions Other - Golf cart and uniforms Number of contributions Other - 2 John Deere Mowers Number of contributions Other - Paving Number of contributions Other - Musical Instruments Number of contributions Form 990, Part III, Line 4a-4c Description of program services (Expenses $ 13,209,843 including grants of $)(Revenue $ 8,033,603) ACADEMIC SUPPORT - EXPENSES INCURRED TO PROVIDE SUPPORT SERVICES FOR THE INSTITUTION'S PRIMARY MISSION OF INSTRUCTION, INCLUDING THE LIBRARY, MEDIA SERVICES, AND TECHNOLOGY. Form 990, Part VI, Line 3 Delegation of management duties Charlestowne provides management services to The Inn at Elon, a wholly owned LLC of Elon University. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 IS REVIEWED AND APPROVED BY THE AUDIT COMMITTEE BEFORE FILING. ALSO, A COPY IS PROVIDED TO THE BOARD THROUGH A PASSWORD PROTECTED WEBSITE. Form 990, Part VI, Line 12c Conflict of interest policy THE UNIVERSITY SENDS OUT AN ANNUAL CONFLICT OF INTEREST FORM TO SENIOR STAFF, KEY EMPLOYEES AND MEMBERS OF THE BOARD. EACH YEAR THESE PERSONS ARE TO RE-READ THE CONFLICT OF INTEREST POLICY AND FILL OUT THE ATTACHED FORM WITH VARIOUS QUESTIONS. THE FORMS ARE MONITORED BY THE ASSISTANT TO THE BOARD OF TRUSTEES. REVIEWED BY THE INTERNAL AUDITOR THEN SENT TO THE AUDIT COMMITTEE CHAIR. IF AN ITEM COMES TO VOTE THAT PRESENTS A CONFLICT, THE BOARD MEMBER WILL NOT PARTICIPATE IN ANY DISCUSSION OR VOTING PERTAINING TO THE ITEM OF CONFLICT. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE ADMINISTRATIVE PERSONNEL COMMITTEE, A SUB-COMMITTEE OF THE BOARD OF TRUSTEES, HIRES AN INDEPENDENT COMPENSATION CONSULTANT. THE CONSULTANT GATHERS COMPENSATION DATA FROM OTHER UNIVERSITIES, PUBLISHED SURVEYS, AND THE FORMS 990. THE COMMITTEE REVIEWS THE DATA AND FORMULATES A RECOMMENDATION FOR THE BOARD OF TRUSTEES FOR APPROVAL. THESE DISCUSSIONS ARE DOCUMENTED IN THE MEETING MINUTES. FOR ALL OTHER EMPLOYEES, THE HUMAN RESOURCES DEPARTMENT REVIEWS SALARY RANGES AND COMPARES THEM TO INDUSTRY STANDARDS ON A REGULAR BASIS. Form 990, Part VI, Line 15b Process to establish compensation of other employees SEE DESCRIPTION FOR LINE 15A. Form 990, Part VI, Line 19 Required documents available to the public CERTAIN DOCUMENTS ARE AVAILABLE ON THE UNIVERSITY'S WEBSITE. SOME POLICIES ARE AVAILABLE ONLY UPON REQUEST. Form 990, Part VIII, Line 11d Other Miscellaneous Revenue ATHLETIC ADVERTISING - Total Revenue: 113459, Related or Exempt Function Revenue: , Unrelated Business Revenue: 113459, Revenue Excluded from Tax Under Sections 512, 513, or 514: ; DRIVING RANGE - Total Revenue: 15217, Related or Exempt Function Revenue: , Unrelated Business Revenue: 15217, Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances Dividend Receivable - Inn at Elon - -720323; Total - -720323; TRI-STATE REAL PROPERTIES LLC 615 S DUPONT HIGHWAY DOVER DE 19901 260353244 REAL ESTATE DE 148050 243380 ELON UNIVERSITY THE INN AT ELON 100 CAMPUS DR ELON NC 27244 825422878 HOTEL AND RESTAURANT NC 6880737 30305755 ELON UNIVERSITY ELN FUND A SERIES OF GLOBAL ENDOWMENT TARGARETED STRATEGY FUND LP 224 WEST TREMONT AVE CHARLOTTE NC 28203 921966545 INVESTMENTS DE ELON UNIVERSITY Unrelated 518982 371419810 false 881700 false 0.999 THE LIGHTHOUSE TAVERN CAMPUS BOX 2285 ELON NC 27244 800343991 RENTS NC ELON UNIVERSITY C Corporation 1 true false false false false false false false false false false false false false false false false false false false