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Nonprofiteer
← HIGH POINT UNIVERSITY

Form 990 for tax year 2022

Filed by HIGH POINT UNIVERSITY.

Totals

Total revenue
$422,077,258
Total expenses
$356,958,178
Contributions and grants received
$56,321,409
Grants paid
$84,160,465
Program service revenue
$352,297,282
Investment income
$5,466,891
Other revenue
$7,991,676
Total assets, end of year
$1,128,722,579
Total liabilities, end of year
$187,965,236
Net assets or fund balances, end of year
$940,757,343
Program services expenses (Part IX)
$285,440,076
Management and general expenses
$66,717,928
Fundraising expenses
$4,800,174
Program service expenses (Part III)
$285,440,076

Program services were 80.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $9,388,698

  • 1f · All other contributions, gifts and grants

    $46,932,711

  • 1g · Noncash contributions included above

    $645,325

  • 2a · Program service revenue: STUDENT TUITION AND FEES

    total $251,361,173 · related or exempt $251,361,173 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: RESIDENCE HALL FEES

    total $59,397,787 · related or exempt $59,397,787 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: CAFETERIA/MEALS

    total $39,586,582 · related or exempt $39,586,582 · unrelated business $0 · excluded $0

  • 2d · Program service revenue: INTERCOLLEGIATE ATHLETICS

    total $1,318,186 · related or exempt $1,318,186 · unrelated business $0 · excluded $0

  • 2e · Program service revenue: BOOKSTORE

    total $366,504 · related or exempt $366,504 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $267,050 · related or exempt $267,050 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $5,451,438 · related or exempt $0 · unrelated business $0 · excluded $5,451,438

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $115,434 · related or exempt $115,434 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $1,606,122 · personal property $0

  • 6b · Less rental expenses

    real property $2,712,583 · personal property $0

  • 6c · Rental income or loss

    real property -$1,106,461 · personal property $0

  • 6d · Net rental income or loss

    total -$1,106,461 · related or exempt -$1,106,461 · unrelated business $0 · excluded $0

  • 7a · Gross sales of assets other than inventory

    securities $18,792,763 · other assets $1,953,186

  • 7b · Less cost or other basis and sales expenses

    securities $19,702,935 · other assets $1,027,561

  • 7c · Gain or loss

    securities -$910,172 · other assets $925,625

  • 7d · Net gain or loss

    total $15,453 · related or exempt $15,453 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: gross income

    $8,570

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 8b · Fundraising events: direct expenses

    $31,693

  • 8c · Net income from fundraising events

    total -$23,123 · unrelated business $0 · excluded -$23,123

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11a · Other revenue: SUMMER CONFERENCES

    total $2,416,208 · related or exempt $2,416,208 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $6,589,618 · related or exempt $6,540,283 · unrelated business $49,335 · excluded $0

  • 11e · Other revenue, total

    $9,005,826

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,270,306 · program services $2,270,306

  • 2 · Grants to domestic individuals

    total $81,890,159 · program services $81,890,159

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $7,061,358 · program services $441,621 · management and general $5,437,976 · fundraising $1,181,761

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $69,936,800 · program services $60,186,168 · management and general $7,710,116 · fundraising $2,040,516

  • 8 · Pension plan contributions

    total $4,299,000 · program services $4,299,000 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $11,144,872 · program services $7,394,103 · management and general $3,303,527 · fundraising $447,242

  • 10 · Payroll taxes

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $3,685,327 · program services $0 · management and general $3,685,327 · fundraising $0

  • 11c · Fees: accounting

    total $128,173 · program services $0 · management and general $128,173 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $528,147 · program services $0 · management and general $528,147 · fundraising $0

  • 11g · Fees: other

    total $10,775,067 · program services $8,682,530 · management and general $1,868,628 · fundraising $223,909

  • 12 · Advertising and promotion

    total $9,363,950 · program services $9,347,243 · management and general $16,707 · fundraising $0

  • 13 · Office expenses

    total $26,116,488 · program services $20,841,328 · management and general $4,728,079 · fundraising $547,081

  • 14 · Information technology

    total $6,254,930 · program services $1,305,729 · management and general $4,949,201 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $52,473,112 · program services $32,065,996 · management and general $20,407,116 · fundraising $0

  • 17 · Travel

    total $4,703,544 · program services $2,140,200 · management and general $2,387,889 · fundraising $175,455

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 20 · Interest

    total $3,290,072 · program services $0 · management and general $3,290,072 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $37,890,841 · program services $36,223,644 · management and general $1,667,197 · fundraising $0

  • 23 · Insurance

    total $3,331,250 · program services $0 · management and general $3,331,250 · fundraising $0

  • 24a · Other expenses: SPECIAL EVENTS

    total $9,508,197 · program services $7,871,584 · management and general $1,452,403 · fundraising $184,210

  • 24b · Other expenses: INTERCOLLEGIATE ATHLETICS

    total $3,712,987 · program services $3,712,987 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $8,593,598 · program services $6,767,478 · management and general $1,826,120 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,800,833 · end of year $1,515,486

  • 2 · Savings and temporary cash investments

    beginning of year $67,225,023 · end of year $88,115,075

  • 3 · Pledges and grants receivable

    beginning of year $66,984,106 · end of year $34,357,905

  • 4 · Accounts receivable

    beginning of year $13,029,931 · end of year $15,451,319

  • 5 · Loans and receivables from officers and key people

    beginning of year $8,174,840 · end of year $8,174,840

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $18,246 · end of year $16,343

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,311,786 · end of year $2,540,044

  • 10a · Land, buildings and equipment: cost or other basis

    $1,214,016,792

  • 10b · Land, buildings and equipment: accumulated depreciation

    $374,263,030

  • 10c · Land, buildings and equipment, net

    beginning of year $763,097,372 · end of year $839,753,762

  • 11 · Investments: publicly traded securities

    beginning of year $76,217,129 · end of year $75,589,718

  • 12 · Investments: other securities

    beginning of year $51,117,624 · end of year $52,414,209

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $897,254

  • 15 · Other assets

    beginning of year $9,133,960 · end of year $9,896,624

  • 17 · Accounts payable and accrued expenses

    beginning of year $26,694,528 · end of year $38,128,169

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $37,483,816 · end of year $45,451,785

  • 20 · Tax-exempt bond liabilities

    beginning of year $109,473,257 · end of year $100,216,949

  • 21 · Escrow or custodial account liability

    beginning of year $1,204,730 · end of year $1,471,898

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $4,735,182 · end of year $1,603,985

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $56,668 · end of year $1,092,450

  • 27 · Net assets without donor restrictions

    beginning of year $674,955,496 · end of year $765,862,704

  • 28 · Net assets with donor restrictions

    beginning of year $203,507,173 · end of year $174,894,639

Mission and programs · 2022

Mission

HIGH POINT UNIVERSITY'S INSPIRING ENVIRONMENT, CARING PEOPLE, AND ENGAGING EDUCATION EQUIP GRADUATES FOR SUCCESS AND SIGNIFICANCE BY CULTIVATING THE VALUES, KNOWLEDGE, MINDSET, AND SKILLS NECESSARY TO THRIVE IN A COMPETITIVE AND RAPIDLY CHANGING WORLD. THE VISION OF HIGH POINT UNIVERSITY IS TO BE A NATIONALLY PROMINENT, PRIVATE INSTITUTION RECOGNIZED FOR THE EXCELLENCE OF ITS ACADEMIC PROGRAMS, THE DEPTH OF ITS VALUES-BASED CULTURE, THE BREADTH OF ITS INCLUSIVENESS, AND THE STRENGTH OF ITS COMMITMENT TO EQUIPPING STUDENTS TO LEAD LIVES OF SUCCESS AND SIGNIFICANCE.

  • HIGH POINT UNIVERSITY IS A PRIVATE, CO-ED UNIVERSITY COMMITTED TO PROVIDING STUDENTS WITH AN EXCEPTIONAL EDUCATION. HPU SERVES APPROXIMATELY 5,050 UNDERGRADUATE STUDENTS THROUGH ITS PHILLIPS SCHOOL OF BUSINESS, WANEK SCHOOL OF NATURAL SCIENCES, WEBB SCHOOL OF ENGINEERING, QUBEIN SCHOOL OF COMMUNICATIONS, HAYWORTH SCHOOL OF ARTS & DESIGN, SCHOOL OF NURSING, STOUT SCHOOL OF EDUCATION, CONGDON SCHOOL OF HEALTH SCIENCES, AND SCHOOL OF HUMANITIES AND BEHAVIORAL SCIENCES.

    Expenses $264,728,410 · Grants $72,431,341 · Revenue $304,109,281

  • THE UNIVERSITY, THROUGH ITS NORCROSS GRADUATE SCHOOL, ALSO SERVES APPROXIMATELY 1,000 GRADUATE STUDENTS SEEKING DEGREES IN BUSINESS ADMINISTRATION, EDUCATION, ATHLETIC TRAINING, PHYSICIAN ASSISTANT, STRATEGIC COMMUNICATION, HEALTH SCIENCES, PHYSICAL THERAPY AND PHARMACY.

    Expenses $20,711,666 · Grants $9,458,818 · Revenue $48,188,001

As filed on the 2022 return.

Listed in Part VII

  • Nido Qubein

    PRESIDENT

    Total calculated
    $4,416,211
    From this org
    $3,634,690
    From related orgs
    $0
    Other
    $781,521
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $1,259,168
    Bonus
    $600
    Other
    $2,374,922
    Deferred
    $762,500
    Nontaxable benefits
    $19,021
    Filer's total
    $4,416,211

  • Tubby Smith

    COACH

    Total calculated
    $2,412,255
    From this org
    $2,400,589
    From related orgs
    $0
    Other
    $11,666
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,248,061
    Bonus
    $300
    Other
    $1,152,228
    Deferred
    $8,333
    Nontaxable benefits
    $3,333
    Filer's total
    $2,412,255

  • Daniel Erb

    PROVOST

    Total calculated
    $352,189
    From this org
    $307,924
    From related orgs
    $0
    Other
    $44,265
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $301,028
    Bonus
    $2,899
    Other
    $3,997
    Deferred
    $24,400
    Nontaxable benefits
    $19,865
    Filer's total
    $352,189

  • Brad Calloway

    SENIOR VICE PRESIDENT

    Total calculated
    $348,015
    From this org
    $296,331
    From related orgs
    $0
    Other
    $51,684
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $289,514
    Bonus
    $2,899
    Other
    $3,918
    Deferred
    $24,400
    Nontaxable benefits
    $27,284
    Filer's total
    $348,015

  • Scott De Rossi

    DEAN SCHOOL OF DENTAL MEDICINE AND ORAL HEALTH

    Total calculated
    $336,237
    From this org
    $308,918
    From related orgs
    $0
    Other
    $27,319
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $304,842
    Bonus
    $2,899
    Other
    $1,177
    Deferred
    $24,400
    Nontaxable benefits
    $2,919
    Filer's total
    $336,237

  • Andrew Bills

    SENIOR VICE PRESIDENT

    Total calculated
    $327,012
    From this org
    $286,562
    From related orgs
    $0
    Other
    $40,450
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $279,964
    Bonus
    $2,899
    Other
    $3,699
    Deferred
    $23,032
    Nontaxable benefits
    $17,418
    Filer's total
    $327,012

  • Chris Dudley

    SENIOR VICE PRESIDENT

    Total calculated
    $314,231
    From this org
    $275,814
    From related orgs
    $0
    Other
    $38,417
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $271,246
    Bonus
    $2,899
    Other
    $1,669
    Deferred
    $22,305
    Nontaxable benefits
    $16,112
    Filer's total
    $314,231

  • Roger Clodfelter

    SENIOR VICE PRESIDENT

    Total calculated
    $288,588
    From this org
    $245,159
    From related orgs
    $0
    Other
    $43,429
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $240,057
    Bonus
    $2,899
    Other
    $2,203
    Deferred
    $20,107
    Nontaxable benefits
    $23,322
    Filer's total
    $288,588

  • Mark Martin

    DEAN SCHOOL OF LAW

    Total calculated
    $275,452
    From this org
    $259,306
    From related orgs
    $0
    Other
    $16,146
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $243,495
    Bonus
    $2,599
    Other
    $13,212
    Deferred
    $14,350
    Nontaxable benefits
    $1,796
    Filer's total
    $275,452

  • Barry Kitley

    SENIOR VICE PRESIDENT

    Total calculated
    $247,077
    From this org
    $212,383
    From related orgs
    $0
    Other
    $34,694
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $207,217
    Bonus
    $2,899
    Other
    $2,267
    Deferred
    $17,333
    Nontaxable benefits
    $17,361
    Filer's total
    $247,077

  • Kerr Ramsay

    SENIOR VICE PRESIDENT

    Total calculated
    $245,863
    From this org
    $216,150
    From related orgs
    $0
    Other
    $29,713
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $212,453
    Bonus
    $2,899
    Other
    $798
    Deferred
    $17,333
    Nontaxable benefits
    $12,379
    Filer's total
    $245,862

  • Debi Shutters

    VICE PRESIDENT / CFO

    Total calculated
    $244,189
    From this org
    $209,294
    From related orgs
    $0
    Other
    $34,895
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $205,140
    Bonus
    $2,899
    Other
    $1,255
    Deferred
    $17,126
    Nontaxable benefits
    $17,768
    Filer's total
    $244,188

  • Scott Hemby

    PHARMACY PROFESSOR

    Total calculated
    $238,069
    From this org
    $206,602
    From related orgs
    $0
    Other
    $31,467
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $201,821
    Bonus
    $2,899
    Other
    $1,882
    Deferred
    $16,774
    Nontaxable benefits
    $14,694
    Filer's total
    $238,070

  • Marlon Winters

    BUSINESS PROFESSOR

    Total calculated
    $229,061
    From this org
    $217,212
    From related orgs
    $0
    Other
    $11,849
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $215,857
    Bonus
    $300
    Other
    $1,055
    Deferred
    $5,649
    Nontaxable benefits
    $6,200
    Filer's total
    $229,061

  • Angela Bauer

    SENIOR VICE PRESIDENT

    Total calculated
    $209,368
    From this org
    $184,941
    From related orgs
    $0
    Other
    $24,427
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,447
    Bonus
    $2,899
    Other
    $1,595
    Deferred
    $14,667
    Nontaxable benefits
    $9,760
    Filer's total
    $209,368

  • Gail Tuttle

    SENIOR VICE PRESIDENT

    Total calculated
    $68,615
    From this org
    $60,563
    From related orgs
    $0
    Other
    $8,052
    Hours/week
    40

  • Michael Brown

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Teresa Caine

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Richard Callicutt II

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Roy Carroll

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Lorraine Charman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Christine Cottrell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • David Couch

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • J Carlvena Foster

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Shirley Frye

    CHAIR OF STUDENT LIFE COMMITTEE/TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • James C Howell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Kenneth Kahn

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Miriam Kimsey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Bishop Paul Leeland

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Katherine Maynard

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Kristine Mestdagh

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Kevin Norton

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Jeff Patterson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Mark Phillips

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Stephen Pond

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Anne Walker

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • J Alexander Ward

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Mark Webb

    VICE CHAIR; CHAIR OF AUDIT, INVESTMENT & FINANCE COMMITTEE/TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Douglas Witcher

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Molly Young

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Elizabeth Aldridge

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Robert Brown

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Richard Budd

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Thayer Coggin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Earl Congdon

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Floyd Craven

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • John Finch

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • David Francis

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Donald Haynes

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Christopher Henson

    CHAIR OF BOARD/TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Thomas Ingram

    CHAIR, ACADEMIC AFFAIRS/TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Ron Jones

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Gene Kester

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • William Kester

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Meredith Michener

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • J Robert Stout

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Richard Vert

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Fred Wilson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1a · Travel for companions
  • 1a · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 1a · Personal services (maid, chauffeur, chef)
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1a
DR. NIDO QUBEIN, PRESIDENT, HAS SERVICES PROVIDED AT HIS HOME, INCLUDING CLEANING STAFF, MAINTENANCE SERVICES AS NEEDED AND A GROUNDSKEEPER. THE UNIVERSITY PROVIDES CHARTER TRAVEL FOR THE PRESIDENT'S TRAVEL NEEDS. THE PRESIDENT AND TUBBY SMITH, HEAD MEN'S BASKETBALL COACH, RECEIVE A HOUSING ALLOWANCE. THE UNIVERSITY PAYS COUNTRY CLUB DUES FOR THE HEAD MEN'S BASKETBALL COACH. ANY TAXABLE INCOME RESULTING FROM THE PROVISION OF THE ABOVE ITEMS ARE REPORTED AS TAXABLE INCOME ON THE PRESIDENT'S OR HEAD MEN'S BASKETBALL COACH'S W-2.
Schedule J, Part I, Line 3
AN INDEPENDENT CONSULTING FIRM WAS HIRED TO INITIALLY REVIEW THE COMPENSATION PACKAGE AND CONTINUES TO PROVIDE ONGOING GUIDANCE/REVIEW.
Schedule J, Part I, Line 4
DR. NIDO QUBEIN, PRESIDENT, RECEIVED A CONTRIBUTION TO HIS 457F PLAN IN THE AMOUNT OF $762,500.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • 1924 HOLDINGS LLC

    RENTAL · NC · income $558,449 · assets $19,555,315

    Directly controlled by HIGH POINT UNIVERSITY

  • HPU HEALTH LLC

    DENTAL CLINICS · NC · income $1,573,047 · assets $2,963,263

    Directly controlled by HIGH POINT UNIVERSITY

  • LONGLEAF PINE REALTY LLC

    REAL ESTATE PURCHASES · NC · income $0 · assets $0

    Directly controlled by HIGH POINT UNIVERSITY

  • OLYMPUS REALTY LLC

    REAL ESTATE PURCHASES · NC · income $0 · assets $0

    Directly controlled by HIGH POINT UNIVERSITY

  • LILY PAD INVESTORS LLC

    REAL ESTATE PURCHASES · NC · income $0 · assets $0

    Directly controlled by HIGH POINT UNIVERSITY

Provenance

Return type
form_990
Tax year
2022
Filed
12 April 2024
IRS schema version
2022v5.0
Source object
202411039349301241

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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