2025-04-15T14:15:28-05:00 2024-05-31 882730877 CHERRY BEKAERT ADVISORY LLC 1111 METROPOLITAN AVE STE 900 CHARLOTTE NC 28204 990 2023-06-01 560530251 CATAWBA COLLEGE CATA 7046454853 2300 W INNES STREET SALISBURY NC 28144 SANDRA QUAYE VP OF FINANCE & ADMINISTRATION 7046454853 2025-04-15 1 1 MELANIE MCPEAK P01346034 7043771678 2023 2025-03-06 01:10:19Z SANDRA QUAYE 2300 W INNES STREET SALISBURY NC 28144 135071716 0 X WWW.CATAWBA.EDU X 1851 NC CATAWBA COLLEGE WAS FOUNDED IN NEWTON, NORTH CAROLINA, IN 1851 BY THE GERMAN REFORMED CHURCH. THE COLLEGE - WHICH IS TODAY AFFILIATED WITH THE UNITED CHURCH OF CHRIST - MOVED TO ITS PRESENT LOCATION IN SALISBURY IN 1925. THE COLLEGE ENDEAVORS TO ATTRACT STUDENTS BOTH NATIONALLY AND INTERNATIONALLY OF GOOD ABILITY AND CHARACTER. A PRIVATE, CO-EDUCATIONAL INSTITUTION, CATAWBA OFFERS THE BACHELOR OF ARTS, BACHELOR OF ARTS-EDUCATION, BACHELOR OF BUSINESS ADMINISTRATION, BACHELOR OF FINE ARTS, BACHELOR OF SCIENCE, AND MASTER OF EDUCATION TO TRADITIONAL AND NON-TRADITIONAL STUDENTS. THE COLLEGE ALSO SERVES THE PUBLIC THROUGH EDUCATIONAL OUTREACH AND VOLUNTEER SERVICE PROGRAMS FOR THE WORLD COMMUNITY. 20 20 738 20 177729 175529 51968749 70635105 41870027 46696711 4782121 2503955 86216 4704 98707113 119840475 23162772 26537728 0 0 24469442 25733137 0 0 1230676 20299006 26266368 67931220 78537233 30775893 41303242 442162950 557500506 10143634 12168249 432019316 545332257 X CATAWBA COLLEGE IS COMMITTED TO PROVIDING STUDENTS AN EDUCATION RICH IN PERSONAL ATTENTION THAT BLENDS THE KNOWLEDGE AND COMPETENCIES OF LIBERAL STUDIES WITH CAREER PREPARATION. CATAWBA COLLEGE DRAWS STRENGTH FROM JUDEO-CHRISTIAN VALUES, SUSTAINS A DYNAMIC COMMUNITY OF LEARNERS AND SEEKS TO UNITE A DIVERSE POPULATION OF STUDENTS, FACULTY AND STAFF AS ACTIVE CO-PARTICIPANTS IN SCHOLARSHIP AND SERVICE. CATAWBA COLLEGE PREPARES STUDENTS TO REACH THEIR HIGHEST POTENTIAL WHILE BECOMING RESPONSIBLE CITIZENS WITH ZEAL TO ENRICH HUMAN LIFE. 0 0 55326700 26537728 46518982 CATAWBA COLLEGE IS A PRIVATE, COEDUCATIONAL, AND RESIDENTIAL INSTITUTION OFFERING CAREER PREPARATION GROUNDED IN THE LIBERAL ARTS TRADITION. WE OFFER OVER 70 ACADEMIC FIELDS OF STUDY INCLUDING STRONG SCIENCE AND PRE-PROFESSIONAL PROGRAMS. 55326700 1 1 0 0 0 0 0 0 1 1 1 0 0 1 1 1 1 0 1 0 1 0 1 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 155 0 1 738 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 20 20 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 NC X ANDREW BRATHWAITE 9802342433 2300 W INNES STREET SALISBURY NC 28144 ROBERT B ARNOLD JR CHAIRMAN 1.00 0.00 X X 0 0 0 BARBARA L MARSHALL VICE CHAIRMAN 1.00 0.00 X X 0 0 0 RONALD J MACCARONI TREASURER 1.00 0.00 X X 0 0 0 DR RANDALL S CRUMPLER SECRETARY 1.00 0.00 X X 0 0 0 C SHUFORD ABERNETHY III DIRECTOR 1.00 0.00 X 0 0 0 GREGORY M ALCORN DIRECTOR 1.00 0.00 X 0 0 0 MARK G ALEXANDER DIRECTOR 1.00 0.00 X 0 0 0 DARLENE L BALL DIRECTOR (TERM'D 3.19.24) 1.00 0.00 X 0 0 0 GWIN CARTER BARR DIRECTOR 1.00 0.00 X 0 0 0 GARY BLABON DIRECTOR 1.00 0.00 X 0 0 0 DANIEL T BROSS DIRECTOR (TERM'D 3.19.24) 1.00 0.00 X 0 0 0 SARA D COOK DIRECTOR (TERM'D 3.19.24) 1.00 0.00 X 0 0 0 JAMES L CRUMEL DIRECTOR 1.00 0.00 X 0 0 0 THOMAS STOKES DENNARD DIRECTOR 1.00 0.00 X 0 0 0 BART EDGE DIRECTOR 1.00 0.00 X 0 0 0 GERALD FRANCIS DIRECTOR 1.00 0.00 X 0 0 0 WILLIAM M GRAHAM DIRECTOR 1.00 0.00 X 0 0 0 DEBORAH WILLIAMS MESSINGER DIRECTOR (TERM'D 3.19.24) 1.00 0.00 X 0 0 0 MARVIN MOORE DIRECTOR 1.00 0.00 X 0 0 0 RICHARD J SEIWELL DIRECTOR 1.00 0.00 X 0 0 0 FRED J STANBACK JR DIRECTOR 1.00 0.00 X 0 0 0 LEE B SYRIA DIRECTOR 1.00 0.00 X 0 0 0 CHARLES D TAYLOR JR DIRECTOR (TERM'D 3.19.24) 1.00 0.00 X 0 0 0 BILL WAGONER DIRECTOR 1.00 0.00 X 0 0 0 MONA L WALLACE DIRECTOR 1.00 0.00 X 0 0 0 DAVID P NELSON PRESIDENT 40.00 0.00 X 326200 0 63802 MARGARET K DEES VP OF DEVELOPMENT 40.00 0.00 X 225867 0 40933 SANDRA QUAYE VP PF FINANCE AND ADMIN 40.00 0.00 X 126500 0 9152 MONICA COWART EVP & PROVOST 40.00 0.00 X 244900 0 19556 LAUREN V COX VP PF FINANCE AND ADMIN (TO 8/2/23) 40.00 0.00 X 182686 0 21272 LEE BALL VP OF SUSTAINABILITY/EXEC DIR CNTR FOR THE ENVIRON 40.00 0.00 X 176353 0 15434 MICHELLE P CADDIGAN VP OF ATHLETICS 40.00 0.00 X 147639 0 21391 IMRAN G CHOWDHURY DEAL OF SCHOOL OF BUSINESS 40.00 0.00 X 221583 0 21115 JOHN E MORRISON EXECUTIVE DIRECTOR, CLEAN FUTURE NC CTR FOR ENVIRO 40.00 0.00 X 149817 0 14276 CAYCE C WILL CHIEF OF INFORMATION TECHNOLOGY 40.00 0.00 X 158105 0 15066 CONSTANCE L ROGERS LOWERY FORMER PROVOST 40.00 0.00 X 142961 0 18470 JARED TICE FORMER DEAN OF STUDENTS 40.00 0.00 X 134007 0 14056 2236618 0 274523 41 1 1 0 EDIFICE LLC PO BOX 36349 CHARLOTTE NC 28236 CONSTRUCTION 7395454 COMPASS GROUP USA INC CHARTWELLS DIN 3 INTERNATIONAL DRIVE RYE BROOK NY 10573 DINING SERVICES 2563731 DLR GROUP 301 EAST PINE ST SUITE 900 ORLANDO FL 32801 CONSTRUCTION 971230 ELLUCIAN COMPANY 62578 COLLECTION CENTER DR CHICAGO IL 60693 INFO TECHNOLOGY 741937 CLARK HIGHER ED 2 WESTSIDE DR ASHEVILLE NC 28806 COMMUNICATIONS 605121 25 359180 2854032 67421893 473171 70635105 TUITION AND FEES 611310 35604598 35604598 AUXILIARY INCOME 611710 9062150 8884421 177729 ATHLETIC INCOME 611620 373560 373560 1656403 1656403 46696711 2508102 2508102 15184649 15188796 -4147 -4147 -4147 47149 359180 42445 4704 4704 119840475 46518982 177729 2508659 21060870 21060870 5476858 5476858 1260867 994067 266800 20180826 14495469 5146121 539236 731627 627685 85521 18421 2130249 1629880 434067 66302 1429568 1039759 337446 52363 6054 3734 2320 421516 421516 4620573 1410527 3164586 45460 334201 68263 265426 512 761409 356761 348520 56128 1138876 231176 878135 29565 3451417 1726644 1724773 2119330 1774249 299481 45600 533744 312262 147387 74095 154347 19204 135143 5048055 5048055 660219 400 659819 DINING 2387892 2387892 SUPPLIES 2093316 1463519 612459 17338 BAD DEBT EXPENSE 1208374 1208374 STUDENT ACTIVITIES 150958 147714 2841 403 1176087 1093834 63800 18453 78537233 55326700 21979857 1230676 22780361 28961685 8656489 36052843 772598 4342915 1919818 2120884 72579 72579 772990 578092 169964990 78495650 83664257 91469340 88627992 114016073 234895866 279886095 442162950 557500506 2481825 4066115 1050062 3042911 0 139391 6611747 4919832 10143634 12168249 X 56167125 56859079 375852191 488473178 432019316 545332257 442162950 557500506 X 41303242 15210056 56799643 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 321799566 5049164 74121930 14639798 386330862 282582660 46099819 6999095 13882008 321799566 88095197 213392493 -17004937 5507213 278975540 71539000 2654000 16595000 2693000 88095000 68022000 1107000 4904000 2494000 71539000 0.00000 1.00000 0.00000 0 0 338700 2544052 2882752 122260037 58752196 63507841 33428451 16064079 17364372 11393750 3679375 7714375 91469340 BENEFICIAL INTERESTS IN TRUSTS 275540102 CASH SURRENDER VALUE OF LIFE INSURANCE 847781 ASSETS HELD IN CHARITABLE TRUSTS 325174 ROU LEASE ASSET 3173038 279886095 ANNUITIES PAYABLE 295199 LIABILITY UNDER TRUST AGREEMENTS 1123871 ASSET RETIREMENT OBLIGATION 1131135 CAPITAL LEASE OBLIGATIONS 2369627 4919832 X 165354891 15210056 30261915 45471971 119882920 -42445 -42445 119840475 52041950 42445 42445 51999505 26537728 26537728 78537233 PART IV, LINE 2B: DEPOSITS HELD IN CUSTODY FOR OTHERS ARE AMOUNTS BEING HELD FOR STUDENT CLUBS/ORGANIZATIONS THROUGH AGENCY TRANSACTIONS. PART V, LINE 4: THE COLLEGE'S ENDOWMENT CONSISTS OF APPROXIMATELY 600 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES BASED ON DONOR-IMPOSED RESTRICTIONS IN THE RELATIVE GIFT INSTRUMENT. THE PRIMARY USE OF FUNDS IS TO SUPPORT THE CAUSE OF HIGHER EDUCATION. 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 IS EXEMPT FROM FEDERAL AND STATE INCOME TAXATION UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC"). IN ACCORDANCE WITH IRC REGULATIONS, THE COLLEGE IS TAXED ON UNRELATED BUSINESS INCOME, WHICH CONSISTS OF EARNINGS FROM ACTIVITIES NOT RELATED TO THE EXEMPT PURPOSE OF THE COLLEGE. THE COLLEGE ACCOUNTS FOR TAX UNCERTAINTIES BASED ON A MORE LIKELY THAN NOT RECOGNITION THRESHOLD WHEREBY TAX BENEFITS ARE ONLY RECOGNIZED WHEN THE COLLEGE BELIEVES THAT THEY HAVE A GREATER THAN 50% LIKELIHOOD OF BEING SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN LIABILITY UNDER TRUST AGREEMENTS 10,132. CHANGE IN BENEFICIAL INTERESTS AND CHARITABLE TRUSTS 457,897. CHANGE IN BENEFICIAL INTERESTS HELD AT FFTC 56,331,614. SCHOLARSHIPS SHOWN NET OF TUITION REVENUE -26,537,728. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -42,445. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 42,445. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS SHOWN NET OF TUITION REVENUE 26,537,728. 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 POLICY IS INCLUDED IN ALL MEDIA AND IN ALL LITERATURE DISTRIBUTED. ADDITIONALLY, IT IS POSTED IN THE LOCAL NEWSPAPER WITH ALL JOB ADVERTISEMENTS (THIS IS DONE SEVERAL TIMES A YEAR). SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES ASSISTANCE FROM SEVERAL DIFFERENT GOVERNMENTAL AGENCIES. U.S. DEPARTMENT OF EDUCATION: FEDERAL WORK STUDY PROGRAM FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAM FEDERAL DIRECT STUDENT LOANS FEDERAL PELL GRANT PROGRAM NORTH CAROLINA STATE EDUCATION ASSISTANCE AUTHORITY: NORTH CAROLINA NEED GRANT NORTH CAROLINA FORGIVABLE LOAN NORTH CAROLINA GOLDEN LEAF GRANT 0 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 STUDY ABROAD STUDENT STUDY ABROAD IN GERMANY AND ITALY 105630 EAST ASIA AND THE PACIFIC 0 0 SCHOLARSHIP FOREIGN STUDENT SCHOLARSHIPS 73500 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 SCHOLARSHIP FOREIGN STUDENT SCHOLARSHIPS 1991252 MIDDLE EAST AND NORTH AFRICA 0 0 SCHOLARSHIP FOREIGN STUDENT SCHOLARSHIPS 90250 NORTH AMERICA 0 0 SCHOLARSHIP FOREIGN STUDENT SCHOLARSHIPS 308094 RUSSIA AND NEIGHBORING STATES 0 0 SCHOLARSHIP FOREIGN STUDENT SCHOLARSHIPS 91400 SOUTH AMERICA 0 0 SCHOLARSHIP FOREIGN STUDENT SCHOLARSHIPS 410086 SOUTH ASIA 0 0 SCHOLARSHIP FOREIGN STUDENT SCHOLARSHIPS 155940 SUB-SAHARAN AFRICA 0 0 SCHOLARSHIP FOREIGN STUDENT SCHOLARSHIPS 325249 0 0 SCHOLARSHIP FOREIGN STUDENT SCHOLARSHIPS 2031087 0 0 0 0 0 0 3226152 2356336 5582488 TUITION REDUCTION 37 2031087 TUITION REDUCTION TUITION RATES TUITION REDUCTION EAST ASIA AND THE PACIFIC 2 73500 TUITION REDUCTION TUITION RATES TUITION REDUCTION EUROPE (INCLUDING ICELAND & GREENLAND) 36 1991252 TUITION REDUCTION TUITION RATES TUITION REDUCTION MIDDLE EAST AND NORTH AFRICA 2 90250 TUITION REDUCTION TUITION RATES TUITION REDUCTION NORTH AMERICA 6 308094 TUITION REDUCTION TUITION RATES TUITION REDUCTION RUSSIA AND NEIGHBORING STATES 2 91400 TUITION REDUCTION TUITION RATES TUITION REDUCTION SOUTH AMERICA 8 410086 TUITION REDUCTION TUITION RATES TUITION REDUCTION SOUTH ASIA 4 155940 TUITION REDUCTION TUITION RATES TUITION REDUCTION SUB-SAHARAN AFRICA 4 325249 TUITION REDUCTION TUITION RATES 0 0 0 0 0 0 SCHEDULE F, PART I, LINE 1 FULL INFORMATION REGARDING FOREIGN GRANT RECIPIENTS WAS NOT KEPT ON RECORD DURING THE YEAR. POLICIES AND PROCEDURES ARE IN PROGRESS TO ADOPT BEST PRACTICES ASSOCIATED WITH DOCUMENTING AND MAINTAINING FOREIGN GRANT INFORMATION. CLASS ACT 172108 141688 30420 25746 FIRST PITCH 164073 150740 13333 6061 7241 1 70148 66752 3396 1297 223 1877 406329 359180 47149 31807 8538 223 1877 42445 4704 1 SCHOLARSHIPS & TUITION DISCOUNTS 1435 5297878 15743742 TUITION RATES REDUCED TUITION RATES NORTH CAROLINA GOLDEN LEAF GRANT 1 19250 PART I, LINE 2: PROCEDURES FOR APPLYING FOR FINANCIAL AID: WHENEVER POSSIBLE, CATAWBA COLLEGE WILL SUPPLEMENT THE FINANCIAL RESOURCES OF A STUDENT THROUGH MERIT, PERFORMANCE-BASED, AND NEED-BASED SCHOLARSHIPS AND GRANTS. A POTENTIAL STUDENT APPLIES AND IS ACCEPTED TO CATAWBA COLLEGE. AT THE TIME OF THEIR ACCEPTANCE, MERIT AID IS DETERMINED BY THE ADMISSIONS COUNSELOR ACCEPTING THE APPLICATION BASED ON A MATRIX CHART THAT HAS BEEN SET UP WITH REGARD TO GPA AND SAT SCORES, LIVING ON OR OFF CAMPUS, AND A SEPARATE TRANSFER STUDENT MATRIX. SCHOLARSHIPS ARE APPLIED DIRECTLY TO THE STUDENTS' ACCOUNT AND, THUS, MUST BE USED FOR EDUCATIONAL PURPOSES. WITH REGARDS TO ATHLETICS AT CATAWBA COLLEGE, THE FINANCIAL AID OFFICE MONITORS ALL ATHLETES TO MAKE SURE THEY DO NOT GO OVER CONFERENCE REGULATIONS REGARDING BOOKS AND SUPPLIES. CATAWBA COLLEGE REFERS TO THE NCAA DIVISION II MANUAL FOR POLICIES REGARDING STUDENT ATHLETES. THE FINANCIAL AID DIRECTOR SIGNS OFF ON THE SQUAD LISTS AND CHECKS FOR ELIGIBILITY WITH THE COMPLIANCE DIRECTOR. THE ASSOCIATE DIRECTOR OF FINANCIAL AID IS RESPONSIBLE FOR ENTERING THE ATHLETIC INFORMATION INTO THE CAI SYSTEM. THE CAI SYSTEM IS ALSO USED TO DETERMINE EQUIVALENCY COMPUTATIONS. X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 DAVID P NELSON PRESIDENT 326200 0 0 0 0 0 55229 0 8573 0 390002 0 0 0 MARGARET K DEES VP OF DEVELOPMENT 225867 0 0 0 0 0 40933 0 0 0 266800 0 0 0 MONICA COWART EVP & PROVOST 244900 0 0 0 0 0 12200 0 7356 0 264456 0 0 0 IMRAN G CHOWDHURY DEAL OF SCHOOL OF BUSINESS 221583 0 0 0 0 0 0 0 21115 0 242698 0 0 0 LAUREN V COX VP PF FINANCE AND ADMIN (TO 8/2/23) 182686 0 0 0 0 0 9134 0 12138 0 203958 0 0 0 LEE BALL VP OF SUSTAINABILITY/EXEC DIR CNTR F 176353 0 0 0 0 0 8631 0 6803 0 191787 0 0 0 CAYCE C WILL CHIEF OF INFORMATION TECHNOLOGY 158105 0 0 0 0 0 0 0 15066 0 173171 0 0 0 MICHELLE P CADDIGAN VP OF ATHLETICS 147639 0 0 0 0 0 7322 0 14069 0 169030 0 0 0 JOHN E MORRISON EXECUTIVE DIRECTOR, CLEAN FUTURE NC 149817 0 0 0 0 0 0 0 14276 0 164093 0 0 0 CONSTANCE L ROGERS LOWERY FORMER PROVOST 142961 0 0 0 0 0 10722 0 7748 0 161431 0 0 0 JARED TICE FORMER DEAN OF STUDENTS 134007 0 0 0 0 0 6700 0 7356 0 148063 0 0 0 PART I, LINE 1A THE CURRENT PRESIDENT, DAVID P. NELSON, HAS, AS A PART OF HIS CONTRACT, HOUSING, UTILITIES, INSURANCE, CUSTODIAL SERVICE ETC. PAID FOR BY THE COLLEGE. THE RESIDENCE WAS PROVIDED FOR THE CONVENIENCE OF THE COLLEGE IN HAVING THE FUNCTIONS OF THE OFFICE OF THE PRESIDENT EFFICIENTLY CONDUCTED 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. THIS IS A NON-TAXABLE FRINGE BENEFIT. CLUB DUES ARE PAID ON BEHALF OF THE PRESIDENT, VP OF DEVELOPMENT AND ATHLETIC DIRECTOR. CLUB MEMBERSHIPS ARE USED FOR BUSINESS PURPOSES ONLY AND THEREFORE THE DUES HAVE BEEN TREATED AS A NONTAXABLE BENEFIT. X 9 473171 FMV 0 0 1 1 PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS RECEIVED. PART I, LINE 32B: A REAL ESTATE AGENT IS USED TO SELL GIFTS OF REAL PROPERTY. FORM 990, PART VI, SECTION A, LINE 2 WILLIAM GRAHAM AND MONA WALLACE ARE LAW PARTNERS. FORM 990, PART VI, SECTION B, LINE 11B THE DIRECTOR OF FINANCE REVIEWS THE FORM 990. THE FORM 990 IS ALSO REVIEWED BY THE CFO & VP OF FINANCE AND ADMINISTRATION. THE FULL BOARD RECEIVES THE PUBLIC DISCLOSURE COPY OF THE RETURN IN ORDER TO PROTECT DONOR PRIVACY. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST STATEMENTS ARE SIGNED BY EACH MEMBER OF THE BOARD OF TRUSTEES ON AN ANNUAL BASIS. IN THE EVENT OF A POTENTIAL CONFLICT DURING THE YEAR, THAT MEMBER WILL REFRAIN FROM PARTICIPATING IN THE CONSIDERATION OF THE PROPOSED TRANSACTION IN QUESTION. THIS PERSON WILL NOT VOTE ON OR TAKE ANY POSITION FOR OR AGAINST THE PROPOSED TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 THE COLLEGE UTILIZES A "COMMITTEE OF THE PRESIDENCY OF THE BOARD OF TRUSTEES" THAT EVALUATES THE PRESIDENT ON PREDETERMINED GOALS AND THE ASSESSMENT OF POSITIVE ACHIEVEMENTS. THE COMMITTEE APPROVES AND DETERMINES THE PRESIDENTIAL SALARY AND SALARY INCREASES. THE PRESIDENT REVIEWS THE POSITIONS OF THE SENIOR VICE PRESIDENT OF DEVELOPMENT, VICE PRESIDENT OF ADMISSIONS, PROVOST AND THE VICE PRESIDENT OF FINANCE TO ESTABLISH SALARY LEVELS BASED ON PERFORMANCE. ALL DISCUSSIONS ARE DOCUMENTED IN THE MINUTES OF THE MEETING. CATAWBA USES INFORMATION FROM NORTH CAROLINA INDEPENDENT COLLEGES AND UNIVERSITIES (NCICU) AND THE COOPER STANDARD SALARY RESOURCE TO DETERMINE MARKET COMPARABLES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND THE FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTERESTS IN TRUSTS 457,897. CHANGE IN LIABILITY UNDER TRUST AGREEMENTS 10,132. CHANGE IN BENEFICIAL INTERESTS HELD AT FFTC 56,331,614. CHARITABLE REMAINDER TRUSTS (9) INVESTMENT NC N/A T 0 CHARITABLE LEAD TRUST (1) 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