FURMAN UNIVERSITY: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- FURMAN UNIVERSITY (EIN 57-0314395)
- Tax period
- 2022-07-01 to 2023-06-30
- Filed
- 2024-05-15
- IRS object ID
- 202421369349305782
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-05-15T10:35:17-05:00 | ReturnTs |
| Tax Period End | 2023-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 410746749 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8390 EAST CRESCENT PARKWAY SUITE | AddressLine1Txt |
| Address Line2 | 300 | AddressLine2Txt |
| City | GREENWOOD VILLAGE | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80111 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 570314395 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FURMAN UNIVERSITY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | FURM | BusinessNameControlTxt |
| Phone | 8642943496 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3300 POINSETT HIGHWAY | AddressLine1Txt |
| City | GREENVILLE | CityNm |
| State Abbreviation | SC | StateAbbreviationCd |
| ZIP | 29613 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SUSAN MADDUX | PersonNm |
| Person Title | VP FOR FINANCE & ADMINISTRATION | PersonTitleTxt |
| Phone | 8642943496 | PhoneNum |
| Signature | 2024-05-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | SUSAN | PersonFirstNm |
| Person Last | MADDUX | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | SARAH HINTZ | PreparerPersonNm |
| PTIN | P00492291 | PTIN |
| Phone | 3037795710 | PhoneNum |
| Preparation | 2024-05-14 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 0 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | SUSAN MADDUX | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3300 POINSETT HIGHWAY | AddressLine1Txt |
| City | GREENVILLE | CityNm |
| State Abbreviation | SC | StateAbbreviationCd |
| ZIP | 29613 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $423,818,353 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.FURMAN.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1826 | FormationYr |
| Legal Domicile State | SC | LegalDomicileStateCd |
| Activity Or Mission | FURMAN UNIVERSITY IS AN INSTITUTION OF HIGHER EDUCATION PROVIDING DISTINCTIVE UNDERGRADUATE EDUCATION EMPHASIZING AN ENGAGED APPROACH COMBINING CLASSROOM LEARNING WITH REAL WORLD EXPERIENCES AND SELF-DISCOVERY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 31 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 31 | VotingMembersIndependentCnt |
| Total Employee | 2403 | TotalEmployeeCnt |
| Total Volunteers | 31 | TotalVolunteersCnt |
| Total Gross UBI | -$205,097 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $45,654,957 | PYContributionsGrantsAmt |
| CY Contributions Grants | $28,517,280 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $165,918,573 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $172,953,629 | CYProgramServiceRevenueAmt |
| PY Investment Income | $40,499,285 | PYInvestmentIncomeAmt |
| CY Investment Income | $21,160,870 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,279,170 | PYOtherRevenueAmt |
| CY Other Revenue | $562,619 | CYOtherRevenueAmt |
| PY Total Revenue | $253,351,985 | PYTotalRevenueAmt |
| CY Total Revenue | $223,194,398 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $72,351,213 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $78,073,353 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $92,201,699 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $88,202,380 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $6,094,846 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $74,992,806 | PYOtherExpensesAmt |
| CY Other Expenses | $89,797,408 | CYOtherExpensesAmt |
| PY Total Expenses | $239,545,718 | PYTotalExpensesAmt |
| CY Total Expenses | $256,073,141 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $13,806,267 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$32,878,743 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $1,328,407,958 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,280,396,314 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $188,431,815 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $186,472,531 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $1,139,976,143 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $1,093,923,783 | NetAssetsOrFundBalancesEOYAmt |
| Mission | THE PRIMARY MISSION OF FURMAN AS A LIBERAL ARTS INSTITUTION IS TO PROVIDE A DISTINCTIVE EDUCATION IN FINE ARTS, HUMANITIES, SOCIAL SCIENCES, MATHEMATICS AND THE SCIENCES, AS WELL AS SELECTED PROFESSIONAL DISCIPLINES. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $164,258,070 | ExpenseAmt |
| Grant | $78,073,353 | GrantAmt |
| Revenue | $131,702,867 | RevenueAmt |
| Desc | INSTRUCTION OF STUDENTS IN BOTH UNDERGRADUATE AND GRADUATE PROGRAMS. A PERSONALIZED FOUR-YEAR PATHWAY FOR STUDENTS INSTITUTED BY THE FURMAN ADVANTAGE INCLUDES HIGH IMPACT, ENGAGED LEARNING THROUGH RESEARCH, INTERNSHIPS, AND STUDY ABROAD PROGRAMS. SCHOLARSHIPS ARE AWARDED TO ELIGIBLE STUDENTS BASED ON FINANCIAL NEED AND ACADEMIC MERIT. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $35,579,853 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $4,275,707 | RevenueAmt |
| Desc | STUDENT SERVICES INCLUDES INTERCOLLEGIATE ATHLETICS, INTRAMURAL AND CLUB SPORTS, ENROLLMENT MANAGEMENT, STUDENT GOVERNMENT AND A LARGE VARIETY OF STUDENT ORGANIZATIONS, SERVICES AND ACTIVITIES. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $26,187,824 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $37,030,317 | RevenueAmt |
| Desc | THE UNIVERSITY CONDUCTED AUXILIARY ENTERPRISES FOR THE CONVENIENCE OF STUDENTS, FACULTY, STAFF AND THE AT-LARGE COMMUNITY. THESE AUXILIARY ENTERPRISES INCLUDE STUDENT HOUSING, DINING SERVICES, GOLF COURSE, SPORTS ARENA AND CONFERENCE CENTER. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $226,025,747 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | Yes (1) | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | Yes (1) | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | Yes (1) | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (1) | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 3390 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 2403 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Taxable Distributions | 0 | TaxableDistributionsInd |
| Distribution To Donor | 0 | DistributionToDonorInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 31 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 31 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | SC | StatesWhereCopyOfReturnIsFldCd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DAWN DURHAM | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8642942000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3300 POINSETT HIGHWAY | AddressLine1Txt |
| City | GREENVILLE | CityNm |
| State Abbreviation | SC | StateAbbreviationCd |
| ZIP | 29613 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (51 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|---|
| KEVIN T BYRNE | ||||||||||
| CHAIR | 2.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| ROBERT E HILL JR | ||||||||||
| VICE CHAIR | 2.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| CHRISTINA NEWSOM BYRON | ||||||||||
| SECRETARY | 2.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| CHARLES AMBROSE | ||||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| KEVIN R BRYANT | ||||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| JOLLEY BRUCE CHRISTMAN | ||||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| THOMAS CULLEN | ||||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| CYNTHIA DAVIS | ||||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| KRISTIN BAUCOM DAVIES | ||||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| LEE C DILLWORTH | ||||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| FRANCES ELLISON | ||||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| JOHANNA FRIERSON | ||||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| DAVID L HAUSER | ||||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| YENDELELA NEELY HOLSTON | ||||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| JAMES A LANIER JR | ||||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| DAVID LAXER | ||||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| ANTHONY WILTON MCDADE | ||||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| TRACI MILLER | ||||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| JASON W RICHARDS | ||||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| PAUL L ROBERTSON III | ||||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| SUSAN THOMSON SHI | ||||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| PEACE SULLIVAN | ||||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| A ALEXANDER TAYLOR II | ||||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| BRENDA J THAMES | ||||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| RACHELLE HARLEY THOMPSON | ||||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| WILLIAM BYRD TRAXLER JR | ||||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| DAVID J TRONE | ||||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| C KEMMONS W WILSON | ||||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| MATTHEW WALLIS WILSON | ||||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| RICHARD N WRENN JR | ||||||||||
| TRUSTEE | 2.00 | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| JOHN C YATES | ||||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| DR ELIZABETH DAVIS | ||||||||||
| PRESIDENT | 40.00 | 0.00 | Yes (X) | $859,371 | $0 | $36,724 | ||||
| SUSAN MADDUX | ||||||||||
| VP FOR FINANCE & ADMINISTRATION | 40.00 | 2.00 | Yes (X) | $350,377 | $0 | $42,914 | ||||
| THOMAS E EVELYN II | ||||||||||
| VP FOR UNIVERSITY COMMUNICATIONS | 40.00 | 0.00 | Yes (X) | $270,780 | $0 | $64,109 | ||||
| HEIDI MCCRORY | ||||||||||
| VP FOR DEVELOPMENT | 40.00 | 0.00 | Yes (X) | $253,485 | $0 | $50,899 | ||||
| JASON DONNELLY | ||||||||||
| VP FOR INTERCOLLEGIATE ATHLETICS | 40.00 | 0.00 | Yes (X) | $275,481 | $0 | $48,231 | ||||
| CONNIE L CARSON | ||||||||||
| VP FOR STUDENT LIFE | 40.00 | 0.00 | Yes (X) | $248,288 | $0 | $31,806 | ||||
| BETH PONTARI INTERIM VP FOR | ||||||||||
| ACADEMIC AFFAIRS & PROVOST | 40.00 | 0.00 | Yes (X) | $200,405 | $0 | $38,350 | ||||
| W MICHALE HENDRICKS VP FOR | ||||||||||
| ENROLLMENT MGMT (1/1/22 - 7/4/22) | 40.00 | 0.00 | Yes (X) | $172,948 | $0 | $25,811 | ||||
| ROBERT KENNEY | ||||||||||
| CHIEF INVESTMENT OFFICER | 40.00 | 0.00 | $273,490 | $0 | $56,064 | Yes (X) | ||||
| JEFF REDDERSON | ||||||||||
| ASSOCIATE VP FOR FACILITIES SERVICES | 40.00 | 0.00 | $172,502 | $0 | $27,809 | Yes (X) | ||||
| JEREMY CASS | ||||||||||
| DEAN OF FACULTY | 40.00 | 0.00 | $194,748 | $0 | $24,875 | Yes (X) | ||||
| MEREDITH GREEN | ||||||||||
| GENERAL COUNSEL | 40.00 | 0.00 | $165,427 | $0 | $31,527 | Yes (X) | ||||
| ELIZABETH SEMAN | ||||||||||
| CHIEF OF STAFF | 40.00 | 0.00 | $175,587 | $0 | $18,119 | Yes (X) | ||||
| ROBERT RICHEY | ||||||||||
| MEN'S HEAD BASKETBALL COACH | 40.00 | 0.00 | $397,228 | $0 | $50,400 | Yes (X) | ||||
| CLAYTON HENDRICKS | ||||||||||
| HEAD FOOTBALL COACH | 40.00 | 0.00 | $297,007 | $0 | $49,547 | Yes (X) | ||||
| GEORGE SHIELDS | ||||||||||
| PROFESSOR OF CHEMISTRY | 40.00 | 0.00 | $241,052 | $0 | $38,454 | Yes (X) | ||||
| JOHN WHEELER ASSOC PROVOST | ||||||||||
| FOR INTEGRATIVE SCIENCE | 40.00 | 0.00 | $171,173 | $0 | $46,518 | Yes (X) | ||||
| KENNETH PETERSON VP ACADEMIC | ||||||||||
| AFFAIRS & PROVOST (1/1/22 - 6/30/22) | 40.00 | 0.00 | $242,000 | $0 | $28,346 | Yes (X) | ||||
| DAVID P STEINOUR CHIEF | ||||||||||
| INFORMATION OFFICER (1/1/22-4/29/22) | 40.00 | 0.00 | $116,296 | $0 | $9,581 | Yes (X) | ||||
| RICARD MEADE FORMER | ||||||||||
| MEN'S HEAD LACROSSE COACH | 0.00 | 0.00 | $261,512 | $0 | $0 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $5,339,157 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $720,084 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 117 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| COMPASS GROUP USA INC | |||||
| 2400 YORKMONT ROAD | CHARLOTTE | NC | 28217 | DINING SERVICES | $11,121,680 |
| TRIANGLE CONSTRUCTION CO | |||||
| 2624 LAURENS RD | GREENVILE | SC | 29607 | CONSTRUCTION | $3,551,154 |
| MCMILLAN PAZDAN SMITH LLC | |||||
| 400 AUGUSTA STREET | GREENVILLE | SC | 29601 | ARCHITECTS | $2,084,931 |
| WORKDAY INC | |||||
| 6110 STONERIDGE MALL ROAD | PLESANTON | CA | 94588 | ERP, COMPUTER CLOUD SERVICES | $847,529 |
| APOGEE TELECOM INC | |||||
| 1905 KRAMER LANE SUITE A100 | AUSTIN | TX | 78758 | MANAGED TECHNOLOGY SERVICES | $785,625 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 46 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $13,500 | FundraisingAmt |
| Related Organizations | $446,992 | RelatedOrganizationsAmt |
| Government Grants | $3,827,251 | GovernmentGrantsAmt |
| All Other Contributions | $24,229,537 | AllOtherContributionsAmt |
| Noncash Contributions | $1,339,949 | NoncashContributionsAmt |
| Total Contributions | $28,517,280 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| TUITION AND FEES | 611710 | $131,702,867 | $131,702,867 | |
| ROOM AND BOARD | 611710 | $30,520,272 | $30,520,272 | |
| INTERCOLLEGIATE ATHLETICS | 611710 | $4,275,707 | $4,275,707 | |
| OTHER AUXILIARY | 611710 | $3,719,319 | $3,694,039 | $25,280 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,735,464 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $2,735,464 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $172,953,629 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $16,491,033 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$826,110 | UnrelatedBusinessRevenueAmt |
| Exclusion | $17,317,143 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $2,452,259 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $1,940,757 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $511,502 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $511,502 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $80,542 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $548,982 | UnrelatedBusinessRevenueAmt |
| Exclusion | -$118,022 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $203,260,024 | SecuritiesAmt |
| Other | $40,855 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $198,607,254 | SecuritiesAmt |
| Other | $23,788 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $4,652,770 | SecuritiesAmt |
| Other | $17,067 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,669,837 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $46,751 | UnrelatedBusinessRevenueAmt |
| Exclusion | $4,623,086 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $103,273 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $13,500 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $52,156 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $51,117 | TotalRevenueColumnAmt |
| Exclusion | $51,117 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $223,194,398 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $173,008,891 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | -$205,097 | UnrelatedBusinessRevenueAmt |
| Exclusion | $21,873,324 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $321,479 | TotalAmt |
| Program Services | $321,479 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $77,751,874 | TotalAmt |
| Program Services | $77,751,874 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,578,020 | TotalAmt |
| Program Services | $1,048,777 | ProgramServicesAmt |
| Management And General | $2,264,043 | ManagementAndGeneralAmt |
| Fundraising | $265,200 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $61,997,767 | TotalAmt |
| Program Services | $53,702,780 | ProgramServicesAmt |
| Management And General | $5,407,523 | ManagementAndGeneralAmt |
| Fundraising | $2,887,464 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,421,675 | TotalAmt |
| Program Services | $4,517,003 | ProgramServicesAmt |
| Management And General | $644,577 | ManagementAndGeneralAmt |
| Fundraising | $260,095 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,177,546 | TotalAmt |
| Program Services | $9,721,196 | ProgramServicesAmt |
| Management And General | $2,017,437 | ManagementAndGeneralAmt |
| Fundraising | $438,913 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,027,372 | TotalAmt |
| Program Services | $4,188,494 | ProgramServicesAmt |
| Management And General | $597,699 | ManagementAndGeneralAmt |
| Fundraising | $241,179 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $286,311 | TotalAmt |
| Management And General | $286,311 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $536,258 | TotalAmt |
| Management And General | $536,258 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $183,533 | TotalAmt |
| Management And General | $183,533 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,558,625 | TotalAmt |
| Management And General | $2,558,625 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,183,112 | TotalAmt |
| Program Services | $5,538,992 | ProgramServicesAmt |
| Management And General | $2,961,968 | ManagementAndGeneralAmt |
| Fundraising | $682,152 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,211,783 | TotalAmt |
| Program Services | $749,963 | ProgramServicesAmt |
| Management And General | $118,445 | ManagementAndGeneralAmt |
| Fundraising | $343,375 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,636,125 | TotalAmt |
| Program Services | $3,039,648 | ProgramServicesAmt |
| Management And General | $422,445 | ManagementAndGeneralAmt |
| Fundraising | $174,032 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,801,673 | TotalAmt |
| Program Services | $4,273,613 | ProgramServicesAmt |
| Management And General | $1,372,340 | ManagementAndGeneralAmt |
| Fundraising | $155,720 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,820,052 | TotalAmt |
| Program Services | $197,317 | ProgramServicesAmt |
| Management And General | $1,622,735 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,434,381 | TotalAmt |
| Program Services | $10,109,363 | ProgramServicesAmt |
| Management And General | $139,912 | ManagementAndGeneralAmt |
| Fundraising | $185,106 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,148,965 | TotalAmt |
| Program Services | $2,472,124 | ProgramServicesAmt |
| Management And General | $373,438 | ManagementAndGeneralAmt |
| Fundraising | $303,403 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,011,781 | TotalAmt |
| Program Services | $4,907,480 | ProgramServicesAmt |
| Management And General | $104,301 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,028,810 | TotalAmt |
| Program Services | $12,972,047 | ProgramServicesAmt |
| Management And General | $1,056,763 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| MEAL PLAN EXPENSES | $8,517,086 | $8,517,086 | |
| LIBRARY RESOURCES | $1,568,672 | $1,568,672 | |
| UNIFORMS | $983,097 | $970,052 | $13,045 |
| REPAIRS & MAINTENANCE | $982,837 | $950,752 | $32,085 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,904,307 | TotalAmt |
| Program Services | $18,507,035 | ProgramServicesAmt |
| Management And General | $1,239,065 | ManagementAndGeneralAmt |
| Fundraising | $158,207 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $256,073,141 | TotalAmt |
| Program Services | $226,025,747 | ProgramServicesAmt |
| Management And General | $23,952,548 | ManagementAndGeneralAmt |
| Fundraising | $6,094,846 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,373,591 | BOYAmt |
| EOY | $6,724,912 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,779,783 | BOYAmt |
| EOY | $4,567,303 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $70,936,998 | BOYAmt |
| EOY | $54,604,859 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,722,804 | BOYAmt |
| EOY | $4,321,177 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $259,932 | BOYAmt |
| EOY | $265,982 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,848,057 | BOYAmt |
| EOY | $2,483,287 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $515,569,611 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $253,757,638 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $253,619,180 | BOYAmt |
| EOY | $261,811,973 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $113,276,472 | BOYAmt |
| EOY | $134,671,602 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $589,129,363 | BOYAmt |
| EOY | $574,540,966 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,327 | BOYAmt |
| EOY | $12,711 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $266,448,451 | BOYAmt |
| EOY | $236,391,542 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,328,407,958 | BOYAmt |
| EOY | $1,280,396,314 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,529,806 | BOYAmt |
| EOY | $8,318,882 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,179,449 | BOYAmt |
| EOY | $4,823,082 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $172,704,590 | BOYAmt |
| EOY | $170,521,981 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $36,348 | BOYAmt |
| EOY | $35,605 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,981,622 | BOYAmt |
| EOY | $2,772,981 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $188,431,815 | BOYAmt |
| EOY | $186,472,531 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $375,162,216 | BOYAmt |
| EOY | $364,312,147 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $764,813,927 | BOYAmt |
| EOY | $729,611,636 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,139,976,143 | BOYAmt |
| EOY | $1,093,923,783 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,328,407,958 | BOYAmt |
| EOY | $1,280,396,314 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$32,878,743 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$13,729,613 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $555,996 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $26,194,545 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $23,276,048 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $83,565,475 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $45,654,957 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $28,517,280 | CurrentTaxYearAmt |
| Total | $207,208,305 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $26,194,545 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $23,276,048 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $83,565,475 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $45,654,957 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $28,517,280 | CurrentTaxYearAmt |
| Total | $207,208,305 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $68,771,286 | SubstantialContributorsTotAmt |
| Public Support Total170 | $138,437,019 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $13,052,566 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $11,613,577 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $24,156,439 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $6,008,540 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $18,634,799 | CurrentTaxYearAmt |
| Total | $73,465,921 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | $607,953 | CurrentTaxYearAmt |
| Total | $607,953 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | $141,490 | CurrentTaxYearAmt |
| Total | $141,490 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $281,423,669 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $840,416,726 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.49190 | PublicSupportCY170Pct |
| Public Support PY170 | 0.50110 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART I | FormAndLineReferenceDesc |
| Explanation | THE UNIVERSITY IS CLASSIFIED AS A PUBLIC CHARITY, A SCHOOL, IN ACCORDANCE WITH SECTION 170(B)(1)(A)(II) OF THE INTERNAL REVENUE CODE. HOWEVER, UNIVERSITY HAS ELECTED TO FOLLOW THE "SPECIAL RULE" FOR REPROTING COSNTRIBUTIONS ON SCHEDULE B WHICH PROVIDES THAT 501(C)(3) ORGANIZATIONS THAT SATISFY 33 1/3% SUPPORT TESTS FOR SECTION 509(A)(1) AND 170(B)(1)(A)(VI) NEED ONLY DISCLOSE ON SCHEDULE B GIFTS FROM ANY ONE CONTRIBUTOR THAT TOTAL THE GREATER OF (1) $5,000 OR (2) 2% OF TOTAL CONTRIBUTIONS, GIFTS, GRANTS AND SIMILAR AMOUNTS RECEIVED. THEREFORE, THE UNIVERSITY HAS CHECKED SCHEDULE A, PART I, BOX 2 AND COMPLETED THE SUPPORT SCHEDULE IN PART II TO SUBSTANTIATE THAT IT MEETS THE PUBLIC SUPPORT TEST. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Donor Advised Funds Held | 6 | DonorAdvisedFundsHeldCnt |
| Donor Advised Funds Contri | $443,264 | DonorAdvisedFundsContriAmt |
| Donor Advised Funds Grants | $486,150 | DonorAdvisedFundsGrantsAmt |
| Donor Advised Funds Vl EOY | $3,226,649 | DonorAdvisedFundsVlEOYAmt |
| Disclosed Org Leg Ctrl | Yes (1) | DisclosedOrgLegCtrlInd |
| Disclosed For Charitable Prps | Yes (1) | DisclosedForCharitablePrpsInd |
Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets Included | $3,749,468 | AssetsIncludedAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Collection Used Preservation | Yes (X) | CollectionUsedPreservationInd |
| Solicited Assets Sale | 0 | SolicitedAssetsSaleInd |
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $812,285,408 | BeginningYearBalanceAmt |
| Contributions | $12,814,106 | ContributionsAmt |
| Investment Earnings Or Losses | $2,074,962 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $17,535,644 | GrantsOrScholarshipsAmt |
| Other Expenditures | $19,774,237 | OtherExpendituresAmt |
| Administrative Expenses | $2,375,046 | AdministrativeExpensesAmt |
| End Year Balance | $787,489,549 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $838,971,213 | BeginningYearBalanceAmt |
| Contributions | $10,589,857 | ContributionsAmt |
| Investment Earnings Or Losses | -$2,461,455 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $15,279,845 | GrantsOrScholarshipsAmt |
| Other Expenditures | $17,230,464 | OtherExpendituresAmt |
| Administrative Expenses | $2,303,898 | AdministrativeExpensesAmt |
| End Year Balance | $812,285,408 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $670,014,075 | BeginningYearBalanceAmt |
| Contributions | $6,299,124 | ContributionsAmt |
| Investment Earnings Or Losses | $197,145,647 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $13,733,787 | GrantsOrScholarshipsAmt |
| Other Expenditures | $17,925,394 | OtherExpendituresAmt |
| Administrative Expenses | $2,828,452 | AdministrativeExpensesAmt |
| End Year Balance | $838,971,213 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $694,271,736 | BeginningYearBalanceAmt |
| Contributions | $11,819,457 | ContributionsAmt |
| Investment Earnings Or Losses | $3,561,094 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $14,361,697 | GrantsOrScholarshipsAmt |
| Other Expenditures | $19,951,585 | OtherExpendituresAmt |
| Administrative Expenses | $5,324,930 | AdministrativeExpensesAmt |
| End Year Balance | $670,014,075 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $702,854,866 | BeginningYearBalanceAmt |
| Contributions | $15,062,542 | ContributionsAmt |
| Investment Earnings Or Losses | $16,900,125 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $12,533,250 | GrantsOrScholarshipsAmt |
| Other Expenditures | $24,647,089 | OtherExpendituresAmt |
| Administrative Expenses | $3,365,458 | AdministrativeExpensesAmt |
| End Year Balance | $694,271,736 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.16229 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.62402 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.21369 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | Yes (1) | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | Yes (1) | EndowmentsHeldRelatedOrgInd |
| Related Org List Sch R | Yes (1) | RelatedOrgListSchRInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $36,897,796 | OtherCostOrOtherBasisAmt |
| Book Value | $36,897,796 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $365,825,586 | OtherCostOrOtherBasisAmt |
| Depreciation | $154,472,818 | DepreciationAmt |
| Book Value | $211,352,768 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $81,125,878 | OtherCostOrOtherBasisAmt |
| Depreciation | $75,956,232 | DepreciationAmt |
| Book Value | $5,169,646 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $31,720,351 | OtherCostOrOtherBasisAmt |
| Depreciation | $23,328,588 | DepreciationAmt |
| Book Value | $8,391,763 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $261,811,973 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (9 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| CLOSELY HELD EQUITY INTERESTS | $939 | F |
| EQUITY SECURITIES | $214,118,884 | F |
| FIXED INCOME | $19,588,197 | F |
| HEDGED STRATEGIES | $110,029,475 | F |
| PRIVATE CAPITAL | $147,372,361 | F |
| PRIVATE CAPITAL | $5,900,000 | C |
| PRIVATE CREDIT | $8,446,343 | F |
| REAL ESTATE FUNDS | $68,182,109 | F |
| REAL ESTATE | $902,658 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $574,540,966 | TotalBookValueSecuritiesAmt |
Other Assets Org OtherAssetsOrgGrp (6 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| CSV LIFE INSURANCE | $2,018,648 |
| DEPOSITS | $307,040 |
| RIGHT OF USE ASSET | $183,537 |
| EQUITY INTEREST IN HOLLINGSWORTH | $168,147,788 |
| FUNDS HELD IN TRUST FOR BOND ISSUED | $60,308,324 |
| FUNDS HELD IN TRUST BY OTHERS | $5,426,205 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $236,391,542 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| GOVERNMENT ADVANCES FOR STUDENT LOANS | $7,397 |
| ACTUARIAL LIABILITY FOR ANNUITIES PAYABLE | $1,047,380 |
| ASSET RETIREMENT OBLIGATION | $1,447,054 |
| LEASE OBLIGATIONS | $271,150 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $2,772,981 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $134,941,072 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$13,729,613 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$73,958,001 | OtherRevenueAmt |
| Revenue Not Reported | -$87,687,614 | RevenueNotReportedAmt |
| Revenue Subtotal | $222,628,686 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $2,558,625 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | -$1,992,913 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $565,712 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $223,194,398 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $179,697,281 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $1,992,913 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $1,992,913 | ExpensesNotReportedAmt |
| Expenses Subtotal | $177,704,368 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $2,558,625 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $75,810,148 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $78,368,773 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $256,073,141 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART III, LINE 4: | THE UNIVERSITY HAS A COLLECTION OF DECORATIVE AND FINE ARTS MATERIALS THAT IS BOTH EXTENSIVE AND DIVERSE. COMPRISED OF OVER 2,500 ITEMS, MANY PIECES ARE DISPLAYED THROUGHOUT CAMPUS, WHILE OTHERS ARE PRESERVED. THE OBJECTS HAVE BEEN GENEROUSLY DONATED TO FURMAN. THEY CONNECT THE UNIVERSITY TO THE WIDER WORLD AND ARE GATEWAYS TO STUDYING MANY DIFFERENT TIME PERIODS, CULTURES AND DISCIPLINES. THE COLLECTION'S MAIN PURPOSES ARE PRESERVATION OF THE OBJECTS FOR FUTURE GENERATIONS, EDUCATIONAL OPPORTUNITIES AND EXHIBITS. |
| PART IV, LINE 2B: | AGENCY FUNDS ARE HELD TO PROVIDE BANKING ABILITY FOR SMALL STUDENT CLUBS. THE UNIVERSITY ALSO PROVIDES BANKING FOR PROFESSIONAL ORGANIZATIONS THAT ARE INDIRECTLY RELATED TO THE UNIVERSITY. EXAMPLE: SACUBO |
| PART V, LINE 4: | THE UNIVERSITY'S ENDOWMENT CONSISTS OF MORE THAN 1,000 SEPARATE FUNDS ESTABLISHED OVER MANY YEARS FOR SCHOLARSHIPS, PROFESSORSHIPS, LECTURESHIPS, ACADEMIC PROGRAMS AND AWARDS, BUILDING MAINTENANCE, AND GENERAL INSTITUTIONAL SUPPORT. THE OVERALL FINANCIAL OBJECTIVE OF THE ENDOWMENT IS TO PRESERVE AND ENHANCE THE REAL (INFLATION-ADJUSTED) PURCHASING POWER OF THE FUND IN PERPETUITY. THE BOARD OF TRUSTEES DESIGNATES ONLY A PORTION OF THE UNIVERSITY'S CUMULATIVE INVESTMENT RETURN FOR SUPPORT OF CURRENT OPERATIONS; THE REMAINDER IS RETAINED TO SUPPORT OPERATIONS OF FUTURE YEARS AND TO OFFSET POTENTIAL MARKET DECLINES. THE UNIVERSITY EXPECTS THE CURRENT SPENDING POLICY TO ALLOW ITS ENDOWMENT TO MAINTAIN ITS PURCHASING POWER BY GROWING AT A RATE EQUAL TO OR GREATER THAN PLANNED PAYOUTS. ADDITIONAL REAL GROWTH WILL BE PROVIDED THROUGH NEW GIFTS AND ANY EXCESS INVESTMENT RETURNS. 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 UNIVERSITY IS EXEMPT FROM FEDERAL AND STATE INCOME TAXATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, CERTAIN INCOME UNRELATED TO ITS EXEMPT FUNCTION IS SUBJECT TO INCOME TAXATION. THE UNIVERSITY'S POLICY IS TO RECORD A LIABILITY FOR ANY TAX POSITION TAKEN THAT IS BENEFICIAL TO THE UNIVERSITY, INCLUDING ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT THE POSITION TAKEN BY MANAGEMENT WITH RESPECT TO A TRANSACTION OR CLASS OF TRANSACTIONS WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT BELIEVES THERE ARE NO SUCH POSITIONS AS OF JUNE 30, 2023 AND 2022 AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | FOUNDATION NET INCOME INCLUDED IN CONSOLIDATED REVENUE 1,296,151. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 230,041. CHANGE IN CSV LIFE INSURANCE 51,722. OTHER 274,233. FINANCIAL AID NET WITH REVENUE -75,951,638. REIMBURSED EXPENSES 141,490. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | FUNDRAISING EXPENSES -52,156. RENTAL EXPENSES -1,940,757. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | RENTAL EXPENSES 1,940,757. FUNDRAISING EXPENSES 52,156. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID NET WITH REVENUE 75,951,638. REIMBURSED EXPENSES -141,490. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | THE UNIVERSITY'S NONDISCRIMINATION POLICY STATEMENT IS ACCESSIBLE ON ALL PAGES OF THE UNIVERSITY'S WEBSITE FOR PROSPECTIVE STUDENTS, EMPLOYMENT APPLICANTS AND THE GENERAL PUBLIC. ADDITIONALLY, THE NONDISCRIMINATION POLICY STATEMENT IS INCLUDED IN ALL BROCHURES, CATALOGS, NEWSPAPER ADVERTISEMENTS AND OTHER WRITTEN COMMUNICATION WITH THE PUBLIC RELATED TO STUDENT ADMISSIONS, PROGRAM AND SCHOLARSHIPS, AS WELL AS EMPLOYMENT. |
| SCHEDULE E, PART I, LINE 6 | THE UNIVERSITY PARTICIPATES IN THE FEDERAL PELL GRANT PROGRAM, THE FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS PROGRAM, AND THE FEDERAL COLLEGE WORK STUDY PROGRAM. ADDITIONALLY, THE UNIVERSITY HAS RECEIVED A NUMBER OF GRANTS FROM THE NATIONAL SCIENCE FOUNDATION, THE UNITED STATES DEPARTMENT OF HEALTH AND HUMAN SCIENCES, AND THE DEPARTMENT OF DEFENSE. THE UNIVERSITY ALSO RECEIVED GOVERNMENT GRANTS UNDER THE CARES ACT AS PART OF THE HIGHER EDUCATION EMERGENCY RELIEF FUND ADMINISTERED BY THE DEPARTMENT OF EDUCATION. |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (16 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Region Total ExpendituresRegionTotalExpendituresAmt | Specific Services ProvidedSpecificServicesProvidedTxt |
|---|---|---|---|---|---|
| CENTRAL AMERICA AND THE CARIBBEAN | 0 | 0 | INVESTMENTS | $139,476,621 | |
| EAST ASIA AND THE PACIFIC | 0 | 0 | INVESTMENTS | $4,853,202 | |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 0 | INVESTMENTS | $49,683,380 | |
| EAST ASIA AND THE PACIFIC | 0 | 0 | PROGRAM SERVICES | $28,937 | STUDENT RECRUITING |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 0 | PROGRAM SERVICES | $56,019 | STUDENT RECRUITING |
| EAST ASIA AND THE PACIFIC | 0 | 0 | PROGRAM SERVICES | $561,796 | STUDY AWAY PROGRAMS |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 0 | PROGRAM SERVICES | $4,880,833 | STUDY AWAY PROGRAMS |
| MIDDLE EAST AND NORTH AFRICA | 0 | 0 | PROGRAM SERVICES | $116,716 | STUDY AWAY PROGRAMS |
| SOUTH AMERICA | 0 | 0 | PROGRAM SERVICES | $198,875 | STUDY AWAY PROGRAMS |
| EAST ASIA AND THE PACIFIC | 0 | 0 | PROGRAM SERVICES | $412 | LAB SUPPLIES |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 0 | PROGRAM SERVICES | $7,500 | LICENSE FEE |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 0 | PROGRAM SERVICES | $12,134 | PROFESSIONAL FEES |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 0 | PROGRAM SERVICES | $5,500 | STREAMING SUBSCRIPTION FEE |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 0 | PROGRAM SERVICES | $809 | CONFERENCE FEES |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 0 | PROGRAM SERVICES | $2,830 | POTTERY |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 0 | PROGRAM SERVICES | $4,073 | BOOK PRINTING |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $199,657,504 | SubtotalSpentAmt |
| Continuation Spent | $232,133 | ContinuationSpentAmt |
| Total Spent | $199,889,637 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (1) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (1) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (1) | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 2: | FURMAN UNIVERSITY IS NOT A GRANTMAKER AS REFERENCED IN LINE 1. FURMAN UNIVERSITY PROVIDES FUNDING TO FACULTY AND STUDENTS FOR RESEARCH AND OTHER PROJECTS. EXPENSES MUST BE SUBSTANTIATED UNDER THE ACCOUNTABLE PLAN TO ENSURE PROPER USE OF FUNDS. |
| PART I, LINE 3: | EXPENDITURES ARE REPORTED ON THE ACCRUAL BASIS OF ACCOUNTING. THE VALUE OF INVESTMENTS IS BASED ON THE FMV AT THE END OF THE FISCAL YEAR. |
| PART III ACCOUNTING METHOD: |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | VINCE PERONE CLASSIC | Event1Nm |
| Gross Receipts Event1 | $65,760 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $3,500 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $62,260 | GrossRevenueEvent1Amt |
| Non Cash Prizes Event1 | $400 | NonCashPrizesEvent1Amt |
| Rent Facility Costs Event1 | $7,245 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $11,294 | FoodAndBeverageEvent1Amt |
| Other Direct Expenses Event1 | $5,724 | OtherDirectExpensesEvent1Amt |
| Event2 | HOOPS AND HEELS FUNDRAISER | Event2Nm |
| Gross Receipts Event2 | $51,013 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $10,000 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $41,013 | GrossRevenueEvent2Amt |
| Non Cash Prizes Event2 | $489 | NonCashPrizesEvent2Amt |
| Rent Facility Costs Event2 | $6,714 | RentFacilityCostsEvent2Amt |
| Food And Beverage Event2 | $18,014 | FoodAndBeverageEvent2Amt |
| Other Direct Expenses Event2 | $2,276 | OtherDirectExpensesEvent2Amt |
| Gross Receipts Total | $116,773 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $13,500 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $103,273 | GrossRevenueTotalEventsAmt |
| Non Cash Prizes Total Events | $889 | NonCashPrizesTotalEventsAmt |
| Rent Fclty Costs Total Events | $13,959 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $29,308 | FoodAndBeverageTotalEventsAmt |
| Oth Direct Expnss Total Events | $8,000 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $52,156 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $51,117 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (10 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc | Purpose Of GrantPurposeOfGrantTxt | Address Line2USAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|---|---|---|
| UPCOUNTRY HISTORY MUSEUM | |||||||||||
| 340 BUNCOMBE STREET | GREENVILLE | SC | 29601 | 570833796 | 501(C)(3) | $100,000 | $0 | 0 | N/A | OPERATING SUPPORT | |
| GREENVILLE ARENA DISTRICT | |||||||||||
| 650 NORTH ACADEMY STREET | GREENVILLE | SC | 29601 | 576007739 | STATE OF SC | $75,000 | $0 | 0 | N/A | SPONSORSHIP | |
| THE GREENVILLE DRIVE LLC | |||||||||||
| 945 S MAIN STREET | GREENVILLE | SC | 29601 | 043672609 | $55,000 | $0 | 0 | N/A | SPONSORSHIP | ||
| EMPIRE MOCK TRIAL ASSOCIATION INC | |||||||||||
| 655 15TH STREET NW SUITE 800 | WASHINGTON | DC | 20005 | 260150254 | 501(C)(3) | $15,000 | $0 | 0 | N/A | SPONSORSHIP | |
| SOUTH CAROLINA CHARITIES INC | |||||||||||
| 104 S MAIN STREET SUITE 110 | GREENVILLE | SC | 29601 | 571110542 | 501(C)(3) | $12,000 | $0 | 0 | N/A | SPONSORSHIP | |
| GREENVILLE ARTS FESTIVAL | |||||||||||
| 101B AUGUST STREET | GREENVILLE | SC | 29601 | 582676608 | 501(C)(3) | $10,000 | $0 | 0 | N/A | SPONSORSHIP | |
| OUR UPSTATE SC | |||||||||||
| 150 EXECUTIVE CENTER DRIVE SUITE | GREENVILLE | SC | 29615 | 451842000 | 501(C)(3) | $10,000 | $0 | 0 | N/A | SPONSORSHIP | 202 |
| UPSTATE SC ALLIANCE INC | |||||||||||
| 3 RESEARCH DRIVE SUITE 230 | GREENVILLE | SC | 29607 | 571095229 | 501(C)(6) | $10,000 | $0 | 0 | N/A | SPONSORSHIP | |
| FALL FOR GREENVILLE | |||||||||||
| 206 S MAIN STREET | GREENVILLE | SC | 29601 | 570876594 | 501(C)(3) | $7,500 | $0 | 0 | N/A | SPONSORSHIP | |
| UNITED MINISTRIES INC | |||||||||||
| 606 PENDLETON STREET | GREENVILLE | SC | 29601 | 570511977 | 501(C)(3) | $6,695 | $0 | 0 | N/A | SPONSORSHIP | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 8 | Total501c3OrgCnt |
| Total Other Org | 2 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (6 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc |
|---|---|---|---|---|---|
| UNDERGRADUATE SCHOLARSHIPS | 2067 | $61,562,427 | $0 | N/A | N/A |
| ATHLETIC SCHOLARSHIPS | 285 | $12,591,075 | $0 | N/A | N/A |
| HEERF STUDENT AID GRANTS | 365 | $1,325,086 | $0 | N/A | N/A |
| GRADUATE SCHOLARSHIPS | 53 | $473,049 | $0 | N/A | N/A |
| RESEARCH, INTERNSHIPS, & FELLOWSHIP STIPENDS | 650 | $1,737,836 | $0 | N/A | N/A |
| GRADUATE STIPENDS | 7 | $62,400 | $0 | N/A | N/A |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | FURMAN PROVIDES SCHOLARSHIPS AND FINANCIAL AID TO INDIVIDUALS IN THE UNITED STATES TO ATTEND THE UNIVERSITY. THE SCHOLARSHIPS AND AID FOR SUCH STUDENTS ARE AWARDED BASED ON NEED AND MERIT AND COVER THE COSTS OF TUITION, ROOM AND BOARD. THE SCHOLARSHIPS AND/OR FINANCIAL AID ARE AWARDED BASED ON INSTITUTIONAL POLICY AND STANDARDS SET FORTH BY THE DEPARTMENT OF EDUCATION AND THE STATE OF SOUTH CAROLINA. THE UNIVERSITY'S FINANCIAL AID DEPARTMENT MONITORS THE COMPLIANCE WITH SUCH REGULATIONS. THE SCHOLARSHIP AND/OR FINANCIAL AID IS APPLIED BY THE FINANCIAL AID DEPARTMENT DIRECTLY AGAINST THE STUDENT'S ACCOUNT WITH THE UNIVERSITY AS A REDUCTION IN FEES. AS SUCH, THE GRANT CAN ONLY BE USED FOR ITS INTENDED PURPOSE (I.E. COST OF ATTENDANCE) AND CANNOT BE DIVERTED FROM THIS USE. OTHER TYPES OF GRANTS PROVIDED CONSIST OF RESEARCH, INTERNSHIPS, OR FELLOWSHIP GRANTS TO STUDENTS. SUCH GRANTS ARE GIVEN AND MONITORED BY THE ACADEMIC DEPARTMENT GIVING THE GRANT OR THE UNDERGRADUATE RESEARCH AND INTERNSHIP DEPARTMENT. IN FY 2023, THE UNIVERSITY ALSO DISTRIBUTED FUNDS UNDER THE HIGHER EDUCATION EMERGENCY RELIEF FUND ("HEERF"). THE UNIVERSITY AWARDED AN AUTOMATIC $300 TO ALL ELIGIBLE STUDENTS. ADDITIONALLY, STUDENTS WHO MET ELIGIBILITY REQUIREMENTS BUT WISHED TO REQUEST ADDITIONAL FUNDS ABOVE THE AUTOMATIC PAYMENT APPLIED FOR HEERF ASSISTANCE THROUGH THE STUDENT EMERGENCY FUND APPLICATION PROCESS IF THEY HAD RELEVANT, DOCUMENTED, AND UNREIMBURSED EXPENSES DUE TO COVID-19. SPONSORSHIPS PAID TO ORGANIZATIONS ARE MADE UNDER WRITTEN AGREEMENTS BETWEEN THE PARTIES AND SUPPORT COMMUNITY EVENTS AND PROVIDE A PRESENCE FOR FURMAN IN THE AREA. COMMUNITY ENGAGEMENT IS A SIGNIFICANT ASPECT OF THE FURMAN ADVANTAGE. THESE SPONSORSHIPS WITH GREENVILLE BUSINESSES THEREFORE SERVE TO ADVANCE THE FURMAN ADVANTAGE FOR OUR STUDENTS AND THE COMMUNITY. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Personal Services | Yes (X) | PersonalServicesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (1) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (20 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DR ELIZABETH DAVIS | ||||||||||||||
| PRESIDENT | $559,385 | $0 | $0 | $0 | $299,986 | $0 | $30,573 | $0 | $6,151 | $0 | $896,095 | $0 | $0 | $0 |
| ROBERT RICHEY | ||||||||||||||
| MEN'S HEAD BASKETBALL COACH | $369,046 | $0 | $27,000 | $0 | $1,182 | $0 | $30,815 | $0 | $19,585 | $0 | $447,628 | $0 | $0 | $0 |
| SUSAN MADDUX | ||||||||||||||
| VP FOR FINANCE & ADMINISTRATION | $337,311 | $0 | $7,500 | $0 | $5,566 | $0 | $30,888 | $0 | $12,026 | $0 | $393,291 | $0 | $0 | $0 |
| CLAYTON HENDRICKS | ||||||||||||||
| HEAD FOOTBALL COACH | $290,425 | $0 | $0 | $0 | $6,582 | $0 | $29,883 | $0 | $19,664 | $0 | $346,554 | $0 | $0 | $0 |
| THOMAS E EVELYN II | ||||||||||||||
| VP FOR UNIVERSITY COMMUNICATIONS | $245,581 | $0 | $0 | $0 | $25,199 | $0 | $26,296 | $0 | $37,813 | $0 | $334,889 | $0 | $0 | $0 |
| ROBERT KENNEY | ||||||||||||||
| CHIEF INVESTMENT OFFICER | $199,107 | $0 | $70,875 | $0 | $3,508 | $0 | $28,558 | $0 | $27,506 | $0 | $329,554 | $0 | $0 | $0 |
| JASON DONNELLY | ||||||||||||||
| VP FOR INTERCOLLEGIATE ATHLETICS | $252,423 | $0 | $14,000 | $0 | $9,058 | $0 | $26,594 | $0 | $21,637 | $0 | $323,712 | $0 | $0 | $0 |
| HEIDI MCCRORY | ||||||||||||||
| VP FOR DEVELOPMENT | $252,309 | $0 | $0 | $0 | $1,176 | $0 | $26,342 | $0 | $24,557 | $0 | $304,384 | $0 | $0 | $0 |
| CONNIE L CARSON | ||||||||||||||
| VP FOR STUDENT LIFE | $247,124 | $0 | $0 | $0 | $1,164 | $0 | $25,075 | $0 | $6,731 | $0 | $280,094 | $0 | $0 | $0 |
| GEORGE SHIELDS | ||||||||||||||
| PROFESSOR OF CHEMISTRY | $231,294 | $0 | $0 | $0 | $9,758 | $0 | $19,794 | $0 | $18,660 | $0 | $279,506 | $0 | $0 | $0 |
| KENNETH PETERSON VP ACADEMIC | ||||||||||||||
| AFFAIRS & PROVOST (1/1/22 - 6/30/22) | $216,358 | $0 | $0 | $0 | $25,642 | $0 | $22,505 | $0 | $5,841 | $0 | $270,346 | $0 | $0 | $0 |
| RICARD MEADE FORMER | ||||||||||||||
| MEN'S HEAD LACROSSE COACH | $0 | $0 | $0 | $0 | $261,512 | $0 | $0 | $0 | $0 | $0 | $261,512 | $0 | $0 | $0 |
| BETH PONTARI INTERIM VP FOR | ||||||||||||||
| ACADEMIC AFFAIRS & PROVOST | $197,359 | $0 | $0 | $0 | $3,046 | $0 | $20,881 | $0 | $17,469 | $0 | $238,755 | $0 | $0 | $0 |
| JEREMY CASS | ||||||||||||||
| DEAN OF FACULTY | $183,917 | $0 | $0 | $0 | $10,831 | $0 | $19,250 | $0 | $5,625 | $0 | $219,623 | $0 | $0 | $0 |
| JOHN WHEELER ASSOC PROVOST | ||||||||||||||
| FOR INTEGRATIVE SCIENCE | $169,675 | $0 | $0 | $0 | $1,498 | $0 | $17,191 | $0 | $29,327 | $0 | $217,691 | $0 | $0 | $0 |
| JEFF REDDERSON | ||||||||||||||
| ASSOCIATE VP FOR FACILITIES SERVICES | $146,201 | $0 | $0 | $0 | $26,301 | $0 | $18,202 | $0 | $9,607 | $0 | $200,311 | $0 | $0 | $0 |
| W MICHALE HENDRICKS VP FOR | ||||||||||||||
| ENROLLMENT MGMT (1/1/22 - 7/4/22) | $160,300 | $0 | $0 | $0 | $12,648 | $0 | $15,114 | $0 | $10,697 | $0 | $198,759 | $0 | $0 | $0 |
| MEREDITH GREEN | ||||||||||||||
| GENERAL COUNSEL | $146,246 | $0 | $0 | $0 | $19,181 | $0 | $9,238 | $0 | $22,289 | $0 | $196,954 | $0 | $0 | $0 |
| ELIZABETH SEMAN | ||||||||||||||
| CHIEF OF STAFF | $173,897 | $0 | $0 | $0 | $1,690 | $0 | $17,725 | $0 | $394 | $0 | $193,706 | $0 | $0 | $0 |
| DAVID P STEINOUR CHIEF | ||||||||||||||
| INFORMATION OFFICER (1/1/22-4/29/22) | $116,296 | $0 | $0 | $0 | $0 | $0 | $9,374 | $0 | $207 | $0 | $125,877 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | A COMPANION HAS TRAVELED WITH BOTH THE PRESIDENT, ELIZABETH DAVIS, AND THE MEN'S BASKETBALL COACH, BOB RICHEY. TO THE EXTENT THE TRAVEL WAS PERSONAL IN NATURE SUCH AMOUNTS WERE INCLUDED IN TAXABLE INCOME. THE PRESIDENT OF THE UNIVERSITY AND HER FAMILY RESIDE AT WHITE OAKS WHICH IS THE OFFICIAL RESIDENCE OF THE PRESIDENT. THE PRESIDENT IS REQUIRED TO LIVE AT WHITE OAKS AS A CONDITION OF HER EMPLOYMENT. THE RESIDENCE IS OWNED AND MAINTAINED BY THE UNIVERSITY. CLEANING, MAINTENANCE, AND, GROUNDSKEEPING SERVICES ARE PROVIDED BY THE UNIVERSITY FOR THE PUBLIC AREAS OF THE RESIDENCE ONLY. THE PRESIDENT HOSTS UNIVERSITY EVENTS AT WHITE OAKS AS WELL. ELIZABETH DAVIS AND JASON DONNELLY WERE PROVIDED WITH A CLUB MEMBERSHIP. TO THE EXTENT THE DUES WERE CONSIDERED PERSONAL, THE AMOUNTS WERE INCLUDED IN TAXABLE INCOME OR REIMBURSED TO THE UNIVERSITY. OTHERWISE, THE DUES ALLOW THE PRESIDENT TO MEET WITH DONORS AND OTHER SUPPORTERS OF THE UNIVERSITY AT THE CLUB. FURMAN POLICY GOVERNS THE NATURE AND TYPE OF ALLOWABLE EXPENDITURES AND PAYMENTS, INCLUDING REQUIREMENTS TO PROVIDE SUPPORTING DOCUMENTATION DETAILING THE TRANSACTION AND BUSINESS PURPOSE OF ANY APPROVED EXPENDITURE. |
| PART I, LINES 4A-B | NAME: RICARD MEADE, DESCRIPTION: SEVERANCE AGREEMENT, CURRENT YEAR AMOUNT: $261,512. PLAN DESCRIPTION: SEVERANCE AGREEMENT FOR FORMER MEN'S LACROSSE COACH UNTIL JUNE 30, 2023 NAME: ELIZABETH DAVIS, DESCRIPTION: VESTED 457(F) SUPPLEMENTAL RETIREMENT PLAN, CURRENT YEAR AMOUNT: $278,310. PLAN DESCRIPTION: 457(F) SUPPLEMENTAL RETIREMENT PLAN |
| PART I, LINE 7: | THE BONUSES RECEIVED BY CERTAIN OFFICERS, KEY EMPLOYEES, OR HIGHLY COMPENSATED EMPLOYEES WERE PAYMENTS FOR MERIT AND NOT CONTINGENT ON THE REVENUE OR NET EARNINGS OF THE UNIVERSITY OR RELATED ORGANIZATION. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| SC JOBS - ECONOMIC DEVELOPMENT AUTHORITY | ||||||||
| A | 570960018 | 8373031UL | 2015-08-13 | $68,432,003 | REFUNDING AND CAPITAL | 0 | 0 | 0 |
| SC JOBS - ECONOMIC DEVELOPMENT AUTHORITY | ||||||||
| B | 570960018 | 2021-09-22 | $35,830,000 | REFUNDING OF 2006B AND 2010 BOND ISSUES | 0 | 0 | 0 | |
| SC JOBS - ECONOMIC DEVELOPMENT AUTHORITY | ||||||||
| C | 570960018 | 837031D42 | 2022-01-26 | $76,277,862 | CAPITAL | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Total ProceedsTotalProceedsAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Capital ExpendituresCapitalExpendituresAmt | Other Spent ProceedsOtherSpentProceedsAmt | Substantial CompletionSubstantialCompletionYr | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd | Capitalized InterestCapitalizedInterestAmt | UnspentUnspentAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $3,270,000 | $68,432,003 | $659,117 | $25,001,055 | $42,771,831 | 2017 | 0 | Yes (1) | Yes (1) | Yes (1) | ||
| B | $3,005,000 | $35,830,000 | $219,844 | $35,610,156 | 2012 | Yes (1) | Yes (1) | Yes (1) | Yes (1) | |||
| C | $76,297,393 | $588,703 | $14,920,738 | 0 | 0 | 0 | Yes (1) | $479,628 | $60,308,324 |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Any Research AgreementsAnyResearchAgreementsInd | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
| B | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
| C | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | Yes (1) | 0 | 0 | 0 | 0 | Yes (1) |
| B | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
| C | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | Yes (1) |
| C | Yes (1) |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| DATE REBATE COMPUTATION PERFORMED | ISSUER NAME: SC JOBS - ECONOMIC DEVELOPMENT AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 09/20/2018 |
| SCHEDULE K, PART I, BOND ISSUES: | (A) ISSUER NAME: SC JOBS - ECONOMIC DEVELOPMENT AUTHORITY (F) DESCRIPTION OF PURPOSE: REFUNDING 2006B AND 2010 BOND ISSUES |
| SCHEDULE K, PART IV, ARBITRAGE, LINE 2C: | (A) ISSUER NAME: SC JOBS - ECONOMIC DEVELOPMENT AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 09/20/2018 |
| SCHEDULE K, PART II, LINE 3, COL C: | THE AMOUNT SHOWN AS TOTAL PROCEEDS OF ISSUE IN PART II IS HIGHER THAN THE AMOUNT IN PART I DUE TO INVESTMENT EARNINGS ON UNSPENT FUNDS. |
Schedule L IRS990ScheduleL
Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NA | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship With Org | DEPENDENT OF TRUSTEE | RelationshipWithOrgTxt |
| Cash Grant | $10,000 | CashGrantAmt |
| Type Of Assistance | DISCOUNTED TUITION | TypeOfAssistanceTxt |
| Assistance Purpose | EDUCATION | AssistancePurposeTxt |
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHARLES DAVIS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | SPOUSE OF UNIVERSITY PRESIDENT | RelationshipDescriptionTxt |
| Transaction | $53,513 | TransactionAmt |
| Transaction | COMPENSATION | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Schedule M IRS990ScheduleM
Clothing And Household Goods ClothingAndHouseholdGoodsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Noncash Contributions Rpt F990 | $15,062 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | COST | MethodOfDeterminingRevenuesTxt |
Cars And Other Vehicles CarsAndOtherVehiclesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $9,256 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | COST | MethodOfDeterminingRevenuesTxt |
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 44 | ContributionCnt |
| Noncash Contributions Rpt F990 | $732,079 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
Scientific Specimens ScientificSpecimensGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $9,998 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp (4 entries)
| Non Cash CheckboxNonCashCheckboxInd | DescDesc | ContributionContributionCnt | Noncash Contributions Rpt F990NoncashContributionsRptF990Amt | Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt |
|---|---|---|---|---|
| Yes (X) | LAB EQUIPMENT | 1 | $562,671 | COST |
| Yes (X) | MUSICAL INSTRUMENTS | 1 | $4,800 | COST |
| Yes (X) | MUSICAL SCORES | 1 | $4,500 | APPRAISED VALUE |
| Yes (X) | GIFT | 1 | $1,583 | COST |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, COLUMN (B): | FormAndLineReferenceDesc |
| Explanation | FURMAN UNIVERSITY IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED OF EACH TYPE IN ACCORDANCE WITH THE UNIVERSITY'S RECORDKEEPING PRACTICES. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 1A | THERE SHALL BE AN EXECUTIVE COMMITTEE, OF WHICH THE MEMBERS SHALL BE THE CHAIR OF THE BOARD, THE VICE CHAIR OF THE BOARD (WHO SHALL SERVE AS THE CHAIR OF THE EXECUTIVE COMMITTEE), THE RESPECTIVE CHAIRS OF THE OTHER STANDING COMMITTEES, UP TO THREE (3) "AT LARGE" TRUSTEES, AND THE PRESIDENT OF THE UNIVERSITY (WITH THE LATTER BEING AN EX OFFICIO, NON-VOTING MEMBER). THE SPECIFIC NUMBER OF "AT LARGE" TRUSTEES TO BE APPOINTED AS MEMBERS OF THE EXECUTIVE COMMITTEE FOR A PARTICULAR FISCAL YEAR SHALL BE DETERMINED ANNUALLY BY THE BOARD (ACTING WITH DUE CONSIDERATION OF ANY RECOMMENDATION THEREON FROM THE COMMITTEE ON TRUSTEESHIP) AT A MEETING HELD PRIOR TO THE BEGINNING OF SUCH FISCAL YEAR. DURING THE INTERIM BETWEEN MEETINGS OF THE BOARD, THE EXECUTIVE COMMITTEE SHALL HAVE THE AUTHORITY TO MAKE DECISIONS AND TAKE ACTIONS ON BEHALF OF THE BOARD, AND TO DO ALL ACTS AND PERFORM ALL DUTIES AND SERVICES NECESSARY TO THE OPERATION OF THE UNIVERSITY; PROVIDED THAT THE EXECUTIVE COMMITTEE (I) SHALL REPORT ALL SUCH ACTIONS TO THE BOARD, AT THE NEXT REGULAR OR SPECIAL MEETING OF THE BOARD, FOR THE BOARD'S REVIEW, CRITICISM AND ADVICE, AND WHEN AND IF NECESSARY OR PRUDENT, FOR THE BOARD'S RATIFICATION; (II) MAY NOT ELECT, APPOINT OR REMOVE TRUSTEES OR FILL VACANCIES ON THE BOARD OR ON ANY BOARD COMMITTEE (UNLESS THE LATTER IS PERMITTED PURSUANT TO SECTION 1(E)); (III) MAY NOT APPROVE OR DEFINITIVELY RECOMMEND THE DISSOLUTION OF THE UNIVERSITY OR THE SALE, PLEDGE OR TRANSFER OF ALL OR SUBSTANTIALLY ALL OF THE UNIVERSITY'S ASSETS; (IV) MAY NOT AUTHORIZE DISTRIBUTIONS; AND (V) MAY NOT ADOPT, AMEND OR REPEAL THE UNIVERSITY'S ARTICLES OF INCORPORATION OR THE BYLAWS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE UNIVERSITY'S AUDIT COMMITTEE OF THE BOARD OF TRUSTEES REVIEWED THE PREPARED FORM 990 PRIOR TO FILING WITH THE IRS. SPECIFIC ISSUES AND/OR QUESTIONS THAT AROSE DURING THE REVIEW PROCESS WERE ADDRESSED. THE PUBLIC DISCLOSURE COPY OF FORM 990 WAS PROVIDED TO THE REMAINING VOTING MEMBERS OF THE UNIVERSITY'S BOARD OF TRUSTEES. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE CONFLICT OF INTEREST POLICY FOR THE BOARD OF TRUSTEES IS INCLUDED IN SECTION 9 OF THE FURMAN UNIVERSITY BY-LAWS. EACH MEMBER OF THE BOARD OF TRUSTEES IS REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM AT THE FIRST MEETING OF EACH ACADEMIC YEAR. EACH TRUSTEE SHALL DISCLOSE TO THE BOARD CHAIR ANY ADDITIONAL POTENTIAL CONFLICTS OF INTEREST AT THE EARLIEST PRACTICAL TIME. ADDITIONALLY, THE UNIVERSITY HAS A CONFLICT OF INTEREST POLICY FOR EMPLOYEES WITH EXECUTIVE OR ADMINISTRATIVE RESPONSIBILITIES AS THE UNIVERSITY RECOGNIZES THAT SUCH EMPLOYEES HAVE A DUTY OF LOYALTY AND FIDELITY IN CARRYING OUT THEIR RESPONSIBILITIES. THIS POLICY APPLIES TO THOSE EMPLOYEES DESIGNATED BY THE PRESIDENT AS HAVING EXECUTIVE OR ADMINISTRATIVE RESPONSIBILITIES. EACH SUCH EMPLOYEE IS REQUIRED, AT LEAST ANNUALLY, TO COMPLETE THE QUESTIONNAIRE. THIS QUESTIONNAIRE REQUIRES DISCLOSURE OF ANY POTENTIAL CONFLICTS OF INTEREST AND IS ADMINISTERED BY THE HUMAN RESOURCES DEPARTMENT. NO TRUSTEE SHALL VOTE ON ANY MATTER IN WHICH SUCH TRUSTEE HAS A CONFLICT OF INTEREST; AND THE CHAIR SHALL REPORT TO THE BOARD THAT THE TRUSTEE HAS REPORTED THE CONFLICT OF INTEREST PRIOR TO TAKING A VOTE. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE COMPENSATION OF THE UNIVERSITY'S PRESIDENT IS DETERMINED AND APPROVED ANNUALLY BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. THE PRESIDENT'S EMPLOYMENT IS GUIDED BY A WRITTEN EMPLOYMENT CONTRACT SIGNED BY BOTH PARTIES. EXECUTIVE COMMITTEE MEETINGS ARE DOCUMENTED. FOR OTHER OFFICERS OF THE UNIVERSITY, A COMPENSATION COMPARABILITY STUDY IS DONE DURING THE SEARCH PROCESS. SUBSEQUENT YEARS' SALARY INCREASES ARE BASED ON THE UNIVERSITY'S STANDARD COMPENSATION ADJUSTMENT POOL FOR THE FISCAL YEAR AS APPROVED BY THE BOARD OF TRUSTEES DURING THE ANNUAL BUDGET PROCESS. THE DELIBERATION AND DECISION IS DOCUMENTED IN THE BOARD MINUTES. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. |
| FORM 990, PART VI, SECTION C, LINE 19 | FURMAN UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. ADDITIONALLY, THE UNIVERSITY'S CONSOLIDATED FINANCIAL STATEMENTS CAN BE FOUND ON THE FURMAN WEBSITE. |
| FORM 990, PART XI, LINE 9: | CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 230,041. CHANGE IN CSV LIFE INSURANCE 51,722. OTHER 274,233. |
| FORM 990, PART XII, LINE 2C: | THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Direct Controlling NADirectControllingNACd | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|
| FURMAN UNIVERSITY FOUNDATION | ||||||||||
| 3300 POINSETT HIGHWAY | GREENVILLE | SC | 29613 | 571061363 | FOUNDATION | SC | 501(C)(3) | LINE 12C, III-FI | N/A | 0 |
| HOLLINGSWORTH FUNDS INC | ||||||||||
| 124 VERDAE BOULEVARD | GREENVILLE | SC | 29607 | 571003814 | CHARITABLE | SC | 501(C)(3) | LINE 12A, I | N/A | 0 |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)
| Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Entity TypeEntityTypeTxt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|
| CHARITABLE REMAINDER UNITRUSTS (4) | |||
| SPLIT INTEREST | SC | T | 0 |
| CHARITABLE REMAINDER ANNUITY TRUST | |||
| SPLIT INTEREST | SC | T | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (1) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (1) | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE R, PART II | FormAndLineReferenceDesc |
| Explanation | HOLLINGSWORTH FUNDS, INC. IS A TAX-EXEMPT SUPPORTING ORGANIZATION UNDER SECTION 509(A)(3) OF THE INTERNAL REVENUE CODE WHOSE PURPOSE IS TO SUPPORT FURMAN UNIVERSITY AND OTHER GREENVILLE, SOUTH CAROLINA BASED CHARITIES. FOR THE YEAR ENDED JUNE 30, 2023, INCOME DISTRIBUTION FROM THE HOLLINGSWORTH FUNDS, WHICH ARE REPORTED AS INVESTMENT RETURNS, WAS $4,902,981 AND PROVIDED FUNDING FOR THE HOLLINSWORTH SCHOLARS PROGRAM, TWO ENDOWED PROFESSORSHIPS IN THE DEPARTMENTS OF ECONOMICS AND BUSINESS AND ACCOUNTING, AND SPECIFIC NEEDS OF THOSE TWO DEPARTMENTS. FURMAN UNIVERSITY FOUNDATION OPERATES AS A NON PROFIT PUBLIC BENEFIT CORPORATION TO SERVE THE NEEDS AND INTEREST OF FURMAN UNIVERSITY. | ExplanationTxt |