Civic Intelligence

Catawba College

990 • Fiscal year 2014 • EIN 56-0530251

Jun 01, 2013 to May 31, 2014 • Filed on Sep 03, 2014

2300 W Innes Street28144

(704) 637-4463

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

57th percentile

0.25x

Higher debt load relative to assets than 57% of similar nonprofits.

2014 filings • NTEE B • $100M-$250M nonprofits • Source year 2014

Liabilities / Revenue

52nd percentile

0.61x

Higher debt load relative to revenue than 52% of similar nonprofits.

2014 filings • NTEE B • $100M-$250M nonprofits • Source year 2014

Net Margin

46th percentile

7.3%

Higher net margin than 46% of similar nonprofits.

2014 filings • NTEE B • $100M-$250M nonprofits • Source year 2014

Top Officer Pay

28th percentile

$311,440

Higher top officer pay than 28% of similar nonprofits.

Top officer pay equals 0.6% of source-year revenue.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2014

Asset Growth

47th percentile

6.3%

Faster asset growth than 47% of similar nonprofits.

2014 filings • NTEE B • $100M-$250M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Up

$122,284,523

Up $7,290,556 (+6.3%) from 2013

Net Assets

Up

$91,812,966

Up $8,376,248 (+10%) from 2013

Liabilities

Down

$30,471,557

Down $1,085,692 (-3.4%) from 2013

Revenue

$50,074,131

No earlier filing loaded for comparison.

Expenses

Up

$46,433,198

Up $4,328,208 (+10%) from 2013

Net Income

$3,640,933

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0B$500M$0Assets 2011: $111,644,818Liabilities 2011: $34,849,160Net Assets 2011: $76,795,6582011Assets 2012: $109,380,675Liabilities 2012: $33,861,032Net Assets 2012: $75,519,6432012Assets 2013: $114,993,967Liabilities 2013: $31,557,249Net Assets 2013: $83,436,7182013Assets 2014: $122,284,523Liabilities 2014: $30,471,557Net Assets 2014: $91,812,9662014Assets 2015: $138,454,453Liabilities 2015: $28,482,104Net Assets 2015: $109,972,3492015Assets 2016: $134,331,088Liabilities 2016: $29,865,437Net Assets 2016: $104,465,6512016Assets 2017: $140,674,305Liabilities 2017: $29,060,242Net Assets 2017: $111,614,0632017Assets 2018: $150,476,316Liabilities 2018: $28,130,194Net Assets 2018: $122,346,1222018Assets 2019: $165,328,150Liabilities 2019: $26,396,086Net Assets 2019: $138,932,0642019Assets 2020: $180,170,732Liabilities 2020: $31,239,781Net Assets 2020: $148,930,9512020Assets 2021: $214,355,781Liabilities 2021: $12,334,515Net Assets 2021: $202,021,2662021Assets 2022: $404,243,208Liabilities 2022: $6,647,493Net Assets 2022: $397,595,7152022Assets 2023: $442,162,950Liabilities 2023: $10,143,634Net Assets 2023: $432,019,3162023Assets 2024: $557,500,506Liabilities 2024: $12,168,249Net Assets 2024: $545,332,2572024Assets 2025: $833,178,617Liabilities 2025: $14,697,620Net Assets 2025: $818,480,9972025

Highlighted filing

2014

Assets$122,284,523
Liabilities$30,471,557
Net Assets$91,812,966

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400M$300M$200M$100M$0-$100MExpenses 2011: $41,417,1492011Expenses 2012: $41,955,5392012Expenses 2013: $42,104,9902013Revenue 2014: $50,074,131Expenses 2014: $46,433,198Net Income 2014: $3,640,9332014Revenue 2015: $64,670,025Expenses 2015: $47,229,110Net Income 2015: $17,440,9152015Revenue 2016: $46,828,695Expenses 2016: $51,756,576Net Income 2016: -$4,927,8812016Revenue 2017: $55,931,851Expenses 2017: $53,499,783Net Income 2017: $2,432,0682017Revenue 2018: $64,281,199Expenses 2018: $57,693,468Net Income 2018: $6,587,7312018Revenue 2019: $75,906,143Expenses 2019: $59,206,506Net Income 2019: $16,699,6372019Revenue 2020: $66,906,876Expenses 2020: $59,922,353Net Income 2020: $6,984,5232020Revenue 2021: $93,252,723Expenses 2021: $57,550,510Net Income 2021: $35,702,2132021Revenue 2022: $275,797,439Expenses 2022: $61,529,338Net Income 2022: $214,268,1012022Revenue 2023: $98,707,113Expenses 2023: $67,931,220Net Income 2023: $30,775,8932023Revenue 2024: $119,840,475Expenses 2024: $78,537,233Net Income 2024: $41,303,2422024Revenue 2025: $310,506,126Expenses 2025: $95,170,917Net Income 2025: $215,335,2092025

Highlighted filing

2014

Revenue$50,074,131
Expenses$46,433,198
Net Income$3,640,933
Jump To
Filing Snapshot
Filing Period
Jun 1, 2013 to May 31, 2014
Signed
Sep 3, 2014
Return Version
2013v3.0
Gross Receipts
$50,140,523
Mission and Program Overview

Mission

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.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$56,713,126$54,375,611▼ $2,337,515
Investments Other Securities$45,697,803$53,539,559▲ $7,841,756
Cash and Non-Interest-Bearing Accounts$702,243$4,383,724▲ $3,681,481
Other Notes and Loans Receivable, Net$1,000,000$0▼ $1,000,000
Accounts Receivable$908,358$884,312▼ $24,046
Savings and Temporary Cash Investments$609,550$531,053▼ $78,497
Pledges and Grants Receivable$511,758$487,798▼ $23,960
Investments Program Related$631,128$301,637▼ $329,491
Prepaid Expenses and Deferred Charges$156,623$241,486▲ $84,863
Inventories for Sale or Use$73,569$88,535▲ $14,966
Total Assets$114,993,967$122,284,523▲ $7,290,556
Other Assets Total$7,989,809$7,450,808▼ $539,001
Liabilities
Mortgage Notes Payable Secured by Investment Property$22,769,895$22,121,964▼ $647,931
Other Liabilities$5,360,853$5,164,651▼ $196,202
Deferred Revenue$1,932,262$1,783,490▼ $148,772
Accounts Payable and Accrued Expenses$1,494,239$1,401,452▼ $92,787
Total Liabilities$31,557,249$30,471,557▼ $1,085,692
Net Assets / Fund Balance
Permanently Rstr Net Assets$44,750,409$44,850,662▲ $100,253
Unrestricted Net Assets$24,125,526$24,697,561▲ $572,035
Temporarily Rstr Net Assets$14,560,783$22,264,743▲ $7,703,960
Total Net Assets Fund Balance$83,436,718$91,812,966▲ $8,376,248
Total Liabilities and Net Assets / Fund Balance$114,993,967$122,284,523▲ $7,290,556

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$38,077,957$37,586,094$75,664,051
Equipment$13,957,931$13,723,591$27,681,522
Land$2,339,723-$2,339,723
Other Assets Org$821,572--
Other Securities$79,974--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$48,238$748▲ $6,302-$53,348
2012$42,329$179▲ $6,442-$48,238
2011$40,975$1,074▲ $280-$42,329
2010$31,506$6,128▲ $5,473-$40,975
2009$26,266$2,276▲ $4,258-$31,506
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brien LewisPresidentFT$249,152$62,288$311,440
Charles F WilliamsVP of Business and FinanceFT$122,739$30,685$153,424
Dr Mike WilsonProfessor Spanish & Dept ChairFT$114,509$28,627$143,136
Dr Pamela ThompsonDean School of BusinessFT$112,143$28,036$140,179
Lois WilliamsVP AdmissionsFT$105,584$26,396$131,980
Dr Stephen HiattProfessor BusinessFT$104,618$26,155$130,773
Kenneth ClappSr. Vice PresidentFT$100,830$25,208$126,038
Michael BitzerProvostFT$96,963$24,241$121,204
Rex OteyVP of DevelopmentFT$32,519$8,130$40,649

Highest Paid Contractors

ContractorServicesLocationCompensation
Chartwells Dining ServicesDining Services-$1,844,393
Follett Higher Education GroupBookstore Operations-$381,355
Ellucian Support INCComputer Consulting-$284,068
Greenlawn Yard ServiceLawn Services-$250,753
Ellucian Company LPComputer Support-$240,831
Revenue and Support

Revenue Composition

Contributions and Grants
$12,656,280
Program Service Revenue
$35,484,964
Investment Income
$812,362
Other Revenue
$1,120,525
All Other Contributions
$12,433,636
Change in Net Assets
$3,640,933

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded25$179,457Fair Market Value
Total Noncash Contributions25$179,457-

Audited Revenue Reconciliation

Revenue per Audited Statements
$49,261,769
Revenue Not Reported on Financial Statements
$812,362
Revenue Not Reported on Form 990
$-14,700,826
Other Revenue Adjustments
$812,362
Total Revenue per Audited Statements
$34,560,943
Total Revenue per Form 990
$50,074,131
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$15,920,387
Salaries, Compensation, and Employee Benefits$15,811,985
Grants and Similar Amounts Paid$14,700,826
Total Fundraising Expense$570,602
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$14,700,826--$14,700,826
Other Salaries and Wages$8,834,685$2,597,755$203,397$11,635,837
Fees for Services Other$3,112,272$2,300,820$48,808$5,461,900
Depreciation Depletion$2,221,899$559,275-$2,781,174
All Other Expenses$1,379,231$1,087,129$11,306$2,477,666
Other Employee Benefits$1,576,341$532,159$32,728$2,141,228
Occupancy$1,030,592$286,785$16,580$1,333,957
Current Officers, Directors, Trustees, and Key Employees$176,947$530,841$176,947$884,735
Payroll Taxes$640,178$215,881$24,496$880,555
Interest$627,323$157,903-$785,226
Travel$568,344$45,369$13,948$627,661
Insurance$15,385$330,947$1,256$347,588
Other Expenses$313,727$311,922$196$313,727
Pension Plan Contributions$186,449$75,379$7,802$269,630
Information Technology-$176,763-$176,763
Office Expenses$54,446$5,549$23,792$83,787
Advertising$10,619$3,277-$13,896
Conferences and Meetings$7,383$4,895$302$12,580
Total Functional Expenses$36,639,947$9,222,649$570,602$46,433,198

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$46,433,198
Expenses per Audited Statements$31,732,372
Total Expenses per Audited Statements$31,732,372
Expenses Not Reported on Financial Statements$14,700,826
Other Expense Adjustments$14,700,826
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
US Govt Loan Funds Refundable$2,592,776
Asset Retirement Obligation$1,191,814
Liability Under Trust Agreements$564,269
Annuity Payment Liability$494,752
Deposits Held for Others$186,562
Capital Lease Obligations$134,478
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Jim dayvault and richard seiwell, both members of the board, are brothers-in-law.

Form 990, Part VI, Section A, Line 4

The organization's bylaws were recently updated to include changes to the nomination process of trustees, appointment of officers, and added committees.

Form 990, Part VI, Section B, Line 11

A public disclosure copy of the form 990 will be provided, prior to filing, to the board of trustees to protect the donor's 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.

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.

Filing and Contact Details

Filer

EIN
56-0530251
Phone
7046374463

Signing Officer

Name
Charles F Williams
Title
VP of Business and Finance
Phone
7046374463
Signed
2014-09-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brien Lewis
Formed
1925
Legal Domicile
Nc
Voting Board Members
37
Independent Board Members
37
Employees
965
Volunteers
37

Preparer

Preparer
Janice a Ratica
Phone
7043771678
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Contracted services: program service expenses 3,112,272. Management and general expenses 2,300,820. Fundraising expenses 48,808. Total expenses 5,461,900.

FORM 990, PART XI, LINE 9:

Change in beneficial interests in trusts -477,386. Change in liability under trust agreements 30,735.

Financial Statement Notes

PART V, LINE 4:

Endowment funds are used to further the higher education cause.

PART X, LINE 2:

The college has evaluated all tax positions and determined that it has no uncertain income tax positions as of may 31, 2014 and 2013. Management believes the college is no longer subject to income tax examinations for years prior to may 31, 2010.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Scholarships shown net of tuition revenue -14,700,826.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Realized loss on investments -66,392. Dividend and interest income 878,754.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Scholarships shown net of tuition revenue 14,700,826.

Raw XML AppendixShowing 400 of 953 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0CATAWBA 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.
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IRS990/Form990PartVIISectionAGrp/PersonNm1BARBARA KERSHNER DANIEL
IRS990/Form990PartVIISectionAGrp/PersonNm2GREGORY M ALCORN
IRS990/Form990PartVIISectionAGrp/PersonNm3JAMES C DAYVAULT
IRS990/Form990PartVIISectionAGrp/PersonNm4TOM E BURDETTE
IRS990/Form990PartVIISectionAGrp/PersonNm5ROBERT B ARNOLD
IRS990/Form990PartVIISectionAGrp/PersonNm6MICHAEL S BAUK
IRS990/Form990PartVIISectionAGrp/PersonNm7DANIEL T BROSS
IRS990/Form990PartVIISectionAGrp/PersonNm8EDWARD A BROWN
IRS990/Form990PartVIISectionAGrp/PersonNm9LARRY CLONINGER
IRS990/Form990PartVIISectionAGrp/PersonNm10SARA D COOK
IRS990/Form990PartVIISectionAGrp/PersonNm11NANCY F COUNCILL
IRS990/Form990PartVIISectionAGrp/PersonNm12DOLAN HUBBARD
IRS990/Form990PartVIISectionAGrp/PersonNm13CHARLES G POTTS
IRS990/Form990PartVIISectionAGrp/PersonNm14BRYAN JORDAN
IRS990/Form990PartVIISectionAGrp/PersonNm15ABBY KERR
IRS990/Form990PartVIISectionAGrp/PersonNm16RALPH A KETNER
IRS990/Form990PartVIISectionAGrp/PersonNm17JULIAN H ROBERTSON JR
IRS990/Form990PartVIISectionAGrp/PersonNm18LYNNE SCOTT SAFRIT
IRS990/Form990PartVIISectionAGrp/PersonNm19BARBARA MARSHALL
IRS990/Form990PartVIISectionAGrp/PersonNm20RICHARD J SEIWELL
IRS990/Form990PartVIISectionAGrp/PersonNm21WADE H SHUFORD JR
IRS990/Form990PartVIISectionAGrp/PersonNm22ROBERT P MCLEOD
IRS990/Form990PartVIISectionAGrp/PersonNm23RONALD L SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm24TOM E SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm25CA MICHAEL III
IRS990/Form990PartVIISectionAGrp/PersonNm26FRED J STANBACK JR
IRS990/Form990PartVIISectionAGrp/PersonNm27SAMUEL A PENNINGER JR
IRS990/Form990PartVIISectionAGrp/PersonNm28CHARLES TAYLOR
IRS990/Form990PartVIISectionAGrp/PersonNm29BENJAMIM B PEELER MD
IRS990/Form990PartVIISectionAGrp/PersonNm30MONA LISA WALLACE
IRS990/Form990PartVIISectionAGrp/PersonNm31MARTHA K WEST
IRS990/Form990PartVIISectionAGrp/PersonNm32BARRY D LEONARD
IRS990/Form990PartVIISectionAGrp/PersonNm33DARLENE L BALL
IRS990/Form990PartVIISectionAGrp/PersonNm34WILLIAM M GRAHAM
IRS990/Form990PartVIISectionAGrp/PersonNm35DEBORAH W MESSINGER
IRS990/Form990PartVIISectionAGrp/PersonNm36SALLY WHITNEY
IRS990/Form990PartVIISectionAGrp/PersonNm37BRIEN LEWIS
IRS990/Form990PartVIISectionAGrp/PersonNm38CHARLES F WILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm39MICHAEL BITZER
IRS990/Form990PartVIISectionAGrp/PersonNm40REX OTEY
IRS990/Form990PartVIISectionAGrp/PersonNm41LOIS WILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm42KENNETH CLAPP
IRS990/Form990PartVIISectionAGrp/PersonNm43DR PAMELA THOMPSON
IRS990/Form990PartVIISectionAGrp/PersonNm44DR MIKE WILSON
IRS990/Form990PartVIISectionAGrp/PersonNm45DR STEPHEN HIATT
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$833$14.7$818$311$95.2$215
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$558$12.2$545$120$78.5$41.3
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$442$10.1$432$98.7$67.9$30.8
2022Detailed filing. Detailed filing data is available for this year.$404$6.65$398$276$61.5$214
2021Detailed filing. Detailed filing data is available for this year.$214$12.3$202$93.3$57.6$35.7
2020Detailed filing. Detailed filing data is available for this year.$180$31.2$149$66.9$59.9$6.98
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$165$26.4$139$75.9$59.2$16.7
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$150$28.1$122$64.3$57.7$6.59
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$141$29.1$112$55.9$53.5$2.43
2016Detailed filing. Detailed filing data is available for this year.$134$29.9$104$46.8$51.8$4.93
2015Detailed filing. Detailed filing data is available for this year.$138$28.5$110$64.7$47.2$17.4
2014Detailed filing. Detailed filing data is available for this year.$122$30.5$91.8$50.1$46.4$3.64
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$115$31.6$83.4$42.1
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$109$33.9$75.5$42.0
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$112$34.8$76.8$41.4