2025-09-25T15:03:50-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 121 SOUTH TEJON STREET SUITE 1100 COLORADO SPRINGS CO 80903 990 2023-07-01 560792704 WILLIAM PEACE UNIVERSITY FOUNDATION WILL 9195082035 15 EAST PEACE ST RALEIGH NC 27604 ROBERT HITE INTERIM CFO 9195082035 2025-09-25 1 1 SARAH HINTZ P00492291 7196350330 2025-09-25 2023 2025-03-06 01:10:19Z ROBERT HITE 15 EAST PEACE ST RALEIGH NC 27604 242684 0 X WWW.PEACE.EDU X 1962 NC TO SUPPORT WILLIAM PEACE UNIVERSITY. 7 7 0 7 0 0 6640 7050 0 0 99438 235632 0 0 106078 242682 1980714 506610 0 0 0 0 0 0 0 101051 54368 2081765 560978 -1975687 -318296 9558077 11272587 0 0 9558077 11272587 TO PROVIDE SUPPORT TO WILLIAM PEACE UNIVERSITY, IN ADMINISTRATION OF ASSETS HELD FOR THE BENEFIT OF THE UNIVERSITY AND TO RAISE ADDITIONAL FUNDS FOR THE BENEFIT OF THE UNIVERSITY. 0 0 506610 506610 0 PROVIDE CONTINUAL SUPPORT TO WILLIAM PEACE UNIVERSITY THROUGH THE ADMINISTRATION OF ASSETS HELD FOR THE BENEFIT OF THE UNIVERSITY AND TO RAISE ADDITIONAL FUNDS FOR THE BENEFIT OF THE UNIVERSITY. 506610 1 1 0 0 0 0 0 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 1 0 0 0 NC X BELINDA BURKE 9195082036 15 E PEACE ST RALEIGH NC 27604 JASON COOPER CHAIR 1.00 2.00 X X 0 0 0 ALYSON GORDON DIRECTOR 1.00 5.00 X 0 0 0 AMY HOLT DIRECTOR 1.00 0.00 X 0 0 0 LYNN MORTON DIRECTOR 1.00 2.00 X 0 0 0 SOBERINA TRAYWICK DIRECTOR 1.00 0.00 X 0 0 0 DEVON UMSTEAD BREWER DIRECTOR 1.00 0.00 X 0 0 0 DOUG WARF DIRECTOR 1.00 0.00 X 0 0 0 BRIAN RALPH UNIVERSITY PRESIDENT (THRU 6/24) 2.00 50.00 X 0 373707 22867 BELINDA BURKE TREASURER 2.00 50.00 X 0 197302 18785 ANNIE BAH SECRETARY 2.00 50.00 X 0 78609 24139 0 649618 65791 0 0 1 0 0 7050 7050 218453 218453 17181 2 17179 17179 17179 242682 0 0 235632 506610 506610 54368 54368 560978 506610 54368 0 1459050 39787 397898 397898 295907 295907 295907 5772604 5286781 1632618 5252214 9558077 11272587 0 0 X 2466513 3963359 7091564 7309228 9558077 11272587 9558077 11272587 -318296 582806 1450000 0 X X 0 1 X 1 0 X X 1 WILLIAM PEACE UNIVERSITY INC 560529988 2 1 506610 0 1 506610 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7091564 7050 785527 374311 123654 76948 7309228 7703533 6640 -13149 462781 66786 75893 7091564 8237198 72094 24417 403738 129928 96510 7703533 7337106 23261 1469226 387337 91837 113221 8237198 7532671 11582 204964 211051 201060 7337106 0.00000 1.00000 0.00000 1 1 1 295907 295907 295907 WPU AND FOUNDATION ENDOWMENT INVESTMENT POOL 5286781 C 5286781 DUE FROM WILLIAM PEACE UNIVERSITY 5252214 5252214 X PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF APPROXIMATELY 90 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING DONOR-RESTRICTED ENDOWMENT FUNDS. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED. WITH RESPECT TO ANY UNRELATED BUSINESS INCOME GENERATED BY THE FOUNDATION, IT RECORDS INCOME TAXES USING THE LIABILITY METHOD UNDER WHICH DEFERRED TAX ASSETS AND LIABILITIES ARE DETERMINED BASED ON THE DIFFERENCES BETWEEN THE FINANCIAL ACCOUNTING AND TAX BASES OF ASSETS AND LIABILITIES. DEFERRED TAX ASSETS OR LIABILITIES AT THE END OF EACH PERIOD ARE DETERMINED USING THE CURRENTLY ENACTED TAX RATE EXPECTED TO APPLY TO TAXABLE INCOME IN THE PERIOD THAT THE DEFERRED TAX ASSET OR LIABILITY IS EXPECTED TO BE REALIZED OR TO BE SETTLED. AS OF JUNE 30, 2024 AND 2023, THE FOUNDATION HAD NO DEFERRED TAX ASSETS OR LIABILITIES OR ANY UNCERTAIN TAX POSITIONS. 1 WILLIAM PEACE UNIVERSITY 15 EAST PEACE STREET RALEIGH NC 27604 560529988 501(C)(3) 506610 0 N/A N/A GENERAL SUPPORT 1 0 PART I, LINE 2: THE FOUNDATION ONLY MAKES GRANTS TO WILLIAM PEACE UNIVERSITY, THE RELATED SUPPORTED ORGANIZATION WHICH CONTROLS THE FOUNDATION (A 509(A)(3) TYPE I SUPPORTING ORGANIZATION). FUNDS ARE USED FOR GENERAL SUPPORT OF THE ORGANIZATIONS EXEMPT PROGRAMS. X 1 1 1 0 0 0 0 0 0 0 0 BRIAN RALPH UNIVERSITY PRESIDENT (THRU 6/24) 0 288750 0 0 0 84957 0 8663 0 14204 0 396574 0 0 BELINDA BURKE TREASURER 0 195400 0 0 0 1902 0 5862 0 12923 0 216087 0 0 PART I, LINE 1A AS PROVIDED IN THEIR CONTRACT, THE PRESIDENT RECEIVES A HOUSING ALLOWANCE IN LIEU OF A RESIDENCE OWNED BY THE UNIVERSITY. THIS IS TREATED AS TAXABLE COMPENSATION TO THE PRESIDENT. PART I, LINE 3 PAID OFFICERS OF THE FOUNDATION ARE COMPENSATED BY WILLIAM PEACE UNIVERSITY, THE RELATED ORGANIZATION WHICH THE FOUNDATION SUPPORTS. THEY ARE SUBJECT TO THE UNIVERSITY'S COMPENSATION POLICIES AS DESCRIBED ON ITS FORM 990. PART I, LINE 4A BRIAN RALPH WAS GRANTED A SEVERANCE OF $6,663 UPON HIS DEPARTURE FROM THE UNIVERSITY. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE 990 IS DISTRIBUTED TO THE BOARD OFFICERS FOR REVIEW BEFORE THE FORM IS FILED. FORM 990, PART VI, SECTION B, LINE 12C IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AND INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE TRUSTEES AND MEMBERS OF THE COMMITTEES WITH BOARD DELEGATED POWERS CONSIDERING THE ARRANGEMENT. AFTER DISCLOSURE OF THE FINANACIAL OR OTHER PERSONAL INTEREST, AND ALL RELEVANT FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE OR SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS WITHOUT AN INTEREST IN THE MATTER SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. ALL DELBERATION AND DECISIONS REGARDING THIS PROCESS ARE DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 1: WILLIAM PEACE UNIVERSITY FOUNDATION FOLLOWS A MODIFIED CASH MENTHOD OF ACCOUNTING. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. WILLIAM PEACE UNIVERSITY INC 15 EAST PEACE STREET RALEIGH NC 27604 560529988 EDUCATION NC 501(C)(3) LINE 2 0 WPU & FDN ENDOWMENT INVSTMNT 15 EAST PEACE STREET RALEIGH NC 27604 DEVELOPMENT NC WILLIAM PEACE UNIVERSITY MANAGE INVESTMENTS 232865 5132295 0 0 0.15340 0 0 1 1 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0