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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 ReturnHeader

FieldValueIRS element (for citing)
Return2024-05-15T10:35:17-05:00ReturnTs
Tax Period End2023-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN410746749PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CLIFTONLARSONALLEN LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line18390 EAST CRESCENT PARKWAY SUITEAddressLine1Txt
Address Line2300AddressLine2Txt
CityGREENWOOD VILLAGECityNm
State AbbreviationCOStateAbbreviationCd
ZIP80111ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN570314395EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1FURMAN UNIVERSITYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlFURMBusinessNameControlTxt
Phone8642943496PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13300 POINSETT HIGHWAYAddressLine1Txt
CityGREENVILLECityNm
State AbbreviationSCStateAbbreviationCd
ZIP29613ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSUSAN MADDUXPersonNm
Person TitleVP FOR FINANCE & ADMINISTRATIONPersonTitleTxt
Phone8642943496PhoneNum
Signature2024-05-14SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstSUSANPersonFirstNm
Person LastMADDUXPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSARAH HINTZPreparerPersonNm
PTINP00492291PTIN
Phone3037795710PhoneNum
Preparation2024-05-14PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer0TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerSUSAN MADDUXPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line13300 POINSETT HIGHWAYAddressLine1Txt
CityGREENVILLECityNm
State AbbreviationSCStateAbbreviationCd
ZIP29613ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$423,818,353GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.FURMAN.EDUWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1826FormationYr
Legal Domicile StateSCLegalDomicileStateCd
Activity Or MissionFURMAN 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 Body31VotingMembersGoverningBodyCnt
Voting Members Independent31VotingMembersIndependentCnt
Total Employee2403TotalEmployeeCnt
Total Volunteers31TotalVolunteersCnt
Total Gross UBI-$205,097TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$45,654,957PYContributionsGrantsAmt
CY Contributions Grants$28,517,280CYContributionsGrantsAmt
PY Program Service Revenue$165,918,573PYProgramServiceRevenueAmt
CY Program Service Revenue$172,953,629CYProgramServiceRevenueAmt
PY Investment Income$40,499,285PYInvestmentIncomeAmt
CY Investment Income$21,160,870CYInvestmentIncomeAmt
PY Other Revenue$1,279,170PYOtherRevenueAmt
CY Other Revenue$562,619CYOtherRevenueAmt
PY Total Revenue$253,351,985PYTotalRevenueAmt
CY Total Revenue$223,194,398CYTotalRevenueAmt
PY Grants And Similar Paid$72,351,213PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$78,073,353CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$92,201,699PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$88,202,380CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$6,094,846CYTotalFundraisingExpenseAmt
PY Other Expenses$74,992,806PYOtherExpensesAmt
CY Other Expenses$89,797,408CYOtherExpensesAmt
PY Total Expenses$239,545,718PYTotalExpensesAmt
CY Total Expenses$256,073,141CYTotalExpensesAmt
PY Revenues Less Expenses$13,806,267PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$32,878,743CYRevenuesLessExpensesAmt
Total Assets BOY$1,328,407,958TotalAssetsBOYAmt
Total Assets EOY$1,280,396,314TotalAssetsEOYAmt
Total Liabilities BOY$188,431,815TotalLiabilitiesBOYAmt
Total Liabilities EOY$186,472,531TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,139,976,143NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,093,923,783NetAssetsOrFundBalancesEOYAmt
MissionTHE 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 Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$164,258,070ExpenseAmt
Grant$78,073,353GrantAmt
Revenue$131,702,867RevenueAmt
DescINSTRUCTION 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

FieldValueIRS element (for citing)
Expense$35,579,853ExpenseAmt
Grant$0GrantAmt
Revenue$4,275,707RevenueAmt
DescSTUDENT 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

FieldValueIRS element (for citing)
Expense$26,187,824ExpenseAmt
Grant$0GrantAmt
Revenue$37,030,317RevenueAmt
DescTHE 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
FieldValueIRS element (for citing)
Total Program Service Expenses$226,025,747TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised FundYes (1)DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of ArtYes (1)CollectionsOfArtInd
Credit CounselingYes (1)CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign ActivitiesYes (1)ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt BondsYes (1)TaxExemptBondsInd
Invest Tax Exempt Bonds0InvestTaxExemptBondsInd
Escrow Account0EscrowAccountInd
On Behalf Of Issuer0OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related PersonYes (1)GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam MemYes (1)BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document3390IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee2403EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Taxable Distributions0TaxableDistributionsInd
Distribution To Donor0DistributionToDonorInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members31GoverningBodyVotingMembersCnt
Independent Voting Member31IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldSCStatesWhereCopyOfReturnIsFldCd
Own WebsiteYes (X)OwnWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1DAWN DURHAMBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8642942000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13300 POINSETT HIGHWAYAddressLine1Txt
CityGREENVILLECityNm
State AbbreviationSCStateAbbreviationCd
ZIP29613ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (51 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeIndFormer Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
KEVIN T BYRNE
CHAIR2.000.00Yes (X)Yes (X)$0$0$0
ROBERT E HILL JR
VICE CHAIR2.000.00Yes (X)Yes (X)$0$0$0
CHRISTINA NEWSOM BYRON
SECRETARY2.000.00Yes (X)Yes (X)$0$0$0
CHARLES AMBROSE
TRUSTEE2.000.00Yes (X)$0$0$0
KEVIN R BRYANT
TRUSTEE2.000.00Yes (X)$0$0$0
JOLLEY BRUCE CHRISTMAN
TRUSTEE2.000.00Yes (X)$0$0$0
THOMAS CULLEN
TRUSTEE2.000.00Yes (X)$0$0$0
CYNTHIA DAVIS
TRUSTEE2.000.00Yes (X)$0$0$0
KRISTIN BAUCOM DAVIES
TRUSTEE2.000.00Yes (X)$0$0$0
LEE C DILLWORTH
TRUSTEE2.000.00Yes (X)$0$0$0
FRANCES ELLISON
TRUSTEE2.000.00Yes (X)$0$0$0
JOHANNA FRIERSON
TRUSTEE2.000.00Yes (X)$0$0$0
DAVID L HAUSER
TRUSTEE2.000.00Yes (X)$0$0$0
YENDELELA NEELY HOLSTON
TRUSTEE2.000.00Yes (X)$0$0$0
JAMES A LANIER JR
TRUSTEE2.000.00Yes (X)$0$0$0
DAVID LAXER
TRUSTEE2.000.00Yes (X)$0$0$0
ANTHONY WILTON MCDADE
TRUSTEE2.000.00Yes (X)$0$0$0
TRACI MILLER
TRUSTEE2.000.00Yes (X)$0$0$0
JASON W RICHARDS
TRUSTEE2.000.00Yes (X)$0$0$0
PAUL L ROBERTSON III
TRUSTEE2.000.00Yes (X)$0$0$0
SUSAN THOMSON SHI
TRUSTEE2.000.00Yes (X)$0$0$0
PEACE SULLIVAN
TRUSTEE2.000.00Yes (X)$0$0$0
A ALEXANDER TAYLOR II
TRUSTEE2.000.00Yes (X)$0$0$0
BRENDA J THAMES
TRUSTEE2.000.00Yes (X)$0$0$0
RACHELLE HARLEY THOMPSON
TRUSTEE2.000.00Yes (X)$0$0$0
WILLIAM BYRD TRAXLER JR
TRUSTEE2.000.00Yes (X)$0$0$0
DAVID J TRONE
TRUSTEE2.000.00Yes (X)$0$0$0
C KEMMONS W WILSON
TRUSTEE2.000.00Yes (X)$0$0$0
MATTHEW WALLIS WILSON
TRUSTEE2.000.00Yes (X)$0$0$0
RICHARD N WRENN JR
TRUSTEE2.002.00Yes (X)$0$0$0
JOHN C YATES
TRUSTEE2.000.00Yes (X)$0$0$0
DR ELIZABETH DAVIS
PRESIDENT40.000.00Yes (X)$859,371$0$36,724
SUSAN MADDUX
VP FOR FINANCE & ADMINISTRATION40.002.00Yes (X)$350,377$0$42,914
THOMAS E EVELYN II
VP FOR UNIVERSITY COMMUNICATIONS40.000.00Yes (X)$270,780$0$64,109
HEIDI MCCRORY
VP FOR DEVELOPMENT40.000.00Yes (X)$253,485$0$50,899
JASON DONNELLY
VP FOR INTERCOLLEGIATE ATHLETICS40.000.00Yes (X)$275,481$0$48,231
CONNIE L CARSON
VP FOR STUDENT LIFE40.000.00Yes (X)$248,288$0$31,806
BETH PONTARI INTERIM VP FOR
ACADEMIC AFFAIRS & PROVOST40.000.00Yes (X)$200,405$0$38,350
W MICHALE HENDRICKS VP FOR
ENROLLMENT MGMT (1/1/22 - 7/4/22)40.000.00Yes (X)$172,948$0$25,811
ROBERT KENNEY
CHIEF INVESTMENT OFFICER40.000.00$273,490$0$56,064Yes (X)
JEFF REDDERSON
ASSOCIATE VP FOR FACILITIES SERVICES40.000.00$172,502$0$27,809Yes (X)
JEREMY CASS
DEAN OF FACULTY40.000.00$194,748$0$24,875Yes (X)
MEREDITH GREEN
GENERAL COUNSEL40.000.00$165,427$0$31,527Yes (X)
ELIZABETH SEMAN
CHIEF OF STAFF40.000.00$175,587$0$18,119Yes (X)
ROBERT RICHEY
MEN'S HEAD BASKETBALL COACH40.000.00$397,228$0$50,400Yes (X)
CLAYTON HENDRICKS
HEAD FOOTBALL COACH40.000.00$297,007$0$49,547Yes (X)
GEORGE SHIELDS
PROFESSOR OF CHEMISTRY40.000.00$241,052$0$38,454Yes (X)
JOHN WHEELER ASSOC PROVOST
FOR INTEGRATIVE SCIENCE40.000.00$171,173$0$46,518Yes (X)
KENNETH PETERSON VP ACADEMIC
AFFAIRS & PROVOST (1/1/22 - 6/30/22)40.000.00$242,000$0$28,346Yes (X)
DAVID P STEINOUR CHIEF
INFORMATION OFFICER (1/1/22-4/29/22)40.000.00$116,296$0$9,581Yes (X)
RICARD MEADE FORMER
MEN'S HEAD LACROSSE COACH0.000.00$261,512$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$5,339,157TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$720,084TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K117IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedYes (1)FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
COMPASS GROUP USA INC
2400 YORKMONT ROADCHARLOTTENC28217DINING SERVICES$11,121,680
TRIANGLE CONSTRUCTION CO
2624 LAURENS RDGREENVILESC29607CONSTRUCTION$3,551,154
MCMILLAN PAZDAN SMITH LLC
400 AUGUSTA STREETGREENVILLESC29601ARCHITECTS$2,084,931
WORKDAY INC
6110 STONERIDGE MALL ROADPLESANTONCA94588ERP, COMPUTER CLOUD SERVICES$847,529
APOGEE TELECOM INC
1905 KRAMER LANE SUITE A100AUSTINTX78758MANAGED TECHNOLOGY SERVICES$785,625
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K46CntrctRcvdGreaterThan100KCnt
Fundraising$13,500FundraisingAmt
Related Organizations$446,992RelatedOrganizationsAmt
Government Grants$3,827,251GovernmentGrantsAmt
All Other Contributions$24,229,537AllOtherContributionsAmt
Noncash Contributions$1,339,949NoncashContributionsAmt
Total Contributions$28,517,280TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
TUITION AND FEES611710$131,702,867$131,702,867
ROOM AND BOARD611710$30,520,272$30,520,272
INTERCOLLEGIATE ATHLETICS611710$4,275,707$4,275,707
OTHER AUXILIARY611710$3,719,319$3,694,039$25,280

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,735,464TotalRevenueColumnAmt
Related Or Exempt Func Income$2,735,464RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$172,953,629TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$16,491,033TotalRevenueColumnAmt
Unrelated Business Revenue-$826,110UnrelatedBusinessRevenueAmt
Exclusion$17,317,143ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$2,452,259RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$1,940,757RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$511,502RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$511,502TotalRevenueColumnAmt
Related Or Exempt Func Income$80,542RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$548,982UnrelatedBusinessRevenueAmt
Exclusion-$118,022ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$203,260,024SecuritiesAmt
Other$40,855OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$198,607,254SecuritiesAmt
Other$23,788OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$4,652,770SecuritiesAmt
Other$17,067OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,669,837TotalRevenueColumnAmt
Unrelated Business Revenue$46,751UnrelatedBusinessRevenueAmt
Exclusion$4,623,086ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$103,273FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$13,500ContriRptFundraisingEventAmt
Fundraising Direct Expenses$52,156FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$51,117TotalRevenueColumnAmt
Exclusion$51,117ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$223,194,398TotalRevenueColumnAmt
Related Or Exempt Func Income$173,008,891RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue-$205,097UnrelatedBusinessRevenueAmt
Exclusion$21,873,324ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$321,479TotalAmt
Program Services$321,479ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$77,751,874TotalAmt
Program Services$77,751,874ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$3,578,020TotalAmt
Program Services$1,048,777ProgramServicesAmt
Management And General$2,264,043ManagementAndGeneralAmt
Fundraising$265,200FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$61,997,767TotalAmt
Program Services$53,702,780ProgramServicesAmt
Management And General$5,407,523ManagementAndGeneralAmt
Fundraising$2,887,464FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$5,421,675TotalAmt
Program Services$4,517,003ProgramServicesAmt
Management And General$644,577ManagementAndGeneralAmt
Fundraising$260,095FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$12,177,546TotalAmt
Program Services$9,721,196ProgramServicesAmt
Management And General$2,017,437ManagementAndGeneralAmt
Fundraising$438,913FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$5,027,372TotalAmt
Program Services$4,188,494ProgramServicesAmt
Management And General$597,699ManagementAndGeneralAmt
Fundraising$241,179FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$286,311TotalAmt
Management And General$286,311ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$536,258TotalAmt
Management And General$536,258ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$183,533TotalAmt
Management And General$183,533ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$2,558,625TotalAmt
Management And General$2,558,625ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$9,183,112TotalAmt
Program Services$5,538,992ProgramServicesAmt
Management And General$2,961,968ManagementAndGeneralAmt
Fundraising$682,152FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$1,211,783TotalAmt
Program Services$749,963ProgramServicesAmt
Management And General$118,445ManagementAndGeneralAmt
Fundraising$343,375FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$3,636,125TotalAmt
Program Services$3,039,648ProgramServicesAmt
Management And General$422,445ManagementAndGeneralAmt
Fundraising$174,032FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$5,801,673TotalAmt
Program Services$4,273,613ProgramServicesAmt
Management And General$1,372,340ManagementAndGeneralAmt
Fundraising$155,720FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$1,820,052TotalAmt
Program Services$197,317ProgramServicesAmt
Management And General$1,622,735ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$10,434,381TotalAmt
Program Services$10,109,363ProgramServicesAmt
Management And General$139,912ManagementAndGeneralAmt
Fundraising$185,106FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$3,148,965TotalAmt
Program Services$2,472,124ProgramServicesAmt
Management And General$373,438ManagementAndGeneralAmt
Fundraising$303,403FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$5,011,781TotalAmt
Program Services$4,907,480ProgramServicesAmt
Management And General$104,301ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$14,028,810TotalAmt
Program Services$12,972,047ProgramServicesAmt
Management And General$1,056,763ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement 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

FieldValueIRS element (for citing)
Total$19,904,307TotalAmt
Program Services$18,507,035ProgramServicesAmt
Management And General$1,239,065ManagementAndGeneralAmt
Fundraising$158,207FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$256,073,141TotalAmt
Program Services$226,025,747ProgramServicesAmt
Management And General$23,952,548ManagementAndGeneralAmt
Fundraising$6,094,846FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$10,373,591BOYAmt
EOY$6,724,912EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$16,779,783BOYAmt
EOY$4,567,303EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$70,936,998BOYAmt
EOY$54,604,859EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$4,722,804BOYAmt
EOY$4,321,177EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$259,932BOYAmt
EOY$265,982EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$2,848,057BOYAmt
EOY$2,483,287EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$515,569,611LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$253,757,638LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$253,619,180BOYAmt
EOY$261,811,973EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$113,276,472BOYAmt
EOY$134,671,602EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$589,129,363BOYAmt
EOY$574,540,966EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$13,327BOYAmt
EOY$12,711EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$266,448,451BOYAmt
EOY$236,391,542EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,328,407,958BOYAmt
EOY$1,280,396,314EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$7,529,806BOYAmt
EOY$8,318,882EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$5,179,449BOYAmt
EOY$4,823,082EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$172,704,590BOYAmt
EOY$170,521,981EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

FieldValueIRS element (for citing)
BOY$36,348BOYAmt
EOY$35,605EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,981,622BOYAmt
EOY$2,772,981EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$188,431,815BOYAmt
EOY$186,472,531EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$375,162,216BOYAmt
EOY$364,312,147EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$764,813,927BOYAmt
EOY$729,611,636EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,139,976,143BOYAmt
EOY$1,093,923,783EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,328,407,958BOYAmt
EOY$1,280,396,314EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss-$32,878,743ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$13,729,613NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$555,996OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$26,194,545CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$23,276,048CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$83,565,475CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$45,654,957CurrentTaxYearMinus1YearAmt
Current Tax Year$28,517,280CurrentTaxYearAmt
Total$207,208,305TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$26,194,545CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$23,276,048CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$83,565,475CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$45,654,957CurrentTaxYearMinus1YearAmt
Current Tax Year$28,517,280CurrentTaxYearAmt
Total$207,208,305TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$68,771,286SubstantialContributorsTotAmt
Public Support Total170$138,437,019PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$13,052,566CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$11,613,577CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$24,156,439CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$6,008,540CurrentTaxYearMinus1YearAmt
Current Tax Year$18,634,799CurrentTaxYearAmt
Total$73,465,921TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Current Tax Year$607,953CurrentTaxYearAmt
Total$607,953TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year$141,490CurrentTaxYearAmt
Total$141,490TotalAmt
FieldValueIRS element (for citing)
Total Support$281,423,669TotalSupportAmt
Gross Receipts Rltd Activities$840,416,726GrossReceiptsRltdActivitiesAmt
Public Support CY1700.49190PublicSupportCY170Pct
Public Support PY1700.50110PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE A, PART IFormAndLineReferenceDesc
ExplanationTHE 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

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Donor Advised Funds Held6DonorAdvisedFundsHeldCnt
Donor Advised Funds Contri$443,264DonorAdvisedFundsContriAmt
Donor Advised Funds Grants$486,150DonorAdvisedFundsGrantsAmt
Donor Advised Funds Vl EOY$3,226,649DonorAdvisedFundsVlEOYAmt
Disclosed Org Leg CtrlYes (1)DisclosedOrgLegCtrlInd
Disclosed For Charitable PrpsYes (1)DisclosedForCharitablePrpsInd

Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp

FieldValueIRS element (for citing)
Assets Included$3,749,468AssetsIncludedAmt
FieldValueIRS element (for citing)
Collection Used Pub ExhibitionYes (X)CollectionUsedPubExhibitionInd
Collection Used PreservationYes (X)CollectionUsedPreservationInd
Solicited Assets Sale0SolicitedAssetsSaleInd
Agent Trustee Etc0AgentTrusteeEtcInd
Incl Escrow Custodial Acct LiabYes (1)InclEscrowCustodialAcctLiabInd
Explanation ProvidedYes (X)ExplanationProvidedInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$812,285,408BeginningYearBalanceAmt
Contributions$12,814,106ContributionsAmt
Investment Earnings Or Losses$2,074,962InvestmentEarningsOrLossesAmt
Grants Or Scholarships$17,535,644GrantsOrScholarshipsAmt
Other Expenditures$19,774,237OtherExpendituresAmt
Administrative Expenses$2,375,046AdministrativeExpensesAmt
End Year Balance$787,489,549EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$838,971,213BeginningYearBalanceAmt
Contributions$10,589,857ContributionsAmt
Investment Earnings Or Losses-$2,461,455InvestmentEarningsOrLossesAmt
Grants Or Scholarships$15,279,845GrantsOrScholarshipsAmt
Other Expenditures$17,230,464OtherExpendituresAmt
Administrative Expenses$2,303,898AdministrativeExpensesAmt
End Year Balance$812,285,408EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$670,014,075BeginningYearBalanceAmt
Contributions$6,299,124ContributionsAmt
Investment Earnings Or Losses$197,145,647InvestmentEarningsOrLossesAmt
Grants Or Scholarships$13,733,787GrantsOrScholarshipsAmt
Other Expenditures$17,925,394OtherExpendituresAmt
Administrative Expenses$2,828,452AdministrativeExpensesAmt
End Year Balance$838,971,213EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$694,271,736BeginningYearBalanceAmt
Contributions$11,819,457ContributionsAmt
Investment Earnings Or Losses$3,561,094InvestmentEarningsOrLossesAmt
Grants Or Scholarships$14,361,697GrantsOrScholarshipsAmt
Other Expenditures$19,951,585OtherExpendituresAmt
Administrative Expenses$5,324,930AdministrativeExpensesAmt
End Year Balance$670,014,075EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$702,854,866BeginningYearBalanceAmt
Contributions$15,062,542ContributionsAmt
Investment Earnings Or Losses$16,900,125InvestmentEarningsOrLossesAmt
Grants Or Scholarships$12,533,250GrantsOrScholarshipsAmt
Other Expenditures$24,647,089OtherExpendituresAmt
Administrative Expenses$3,365,458AdministrativeExpensesAmt
End Year Balance$694,271,736EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.16229BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.62402PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.21369TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgYes (1)EndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgYes (1)EndowmentsHeldRelatedOrgInd
Related Org List Sch RYes (1)RelatedOrgListSchRInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$36,897,796OtherCostOrOtherBasisAmt
Book Value$36,897,796BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$365,825,586OtherCostOrOtherBasisAmt
Depreciation$154,472,818DepreciationAmt
Book Value$211,352,768BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$81,125,878OtherCostOrOtherBasisAmt
Depreciation$75,956,232DepreciationAmt
Book Value$5,169,646BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$31,720,351OtherCostOrOtherBasisAmt
Depreciation$23,328,588DepreciationAmt
Book Value$8,391,763BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$261,811,973TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (9 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
CLOSELY HELD EQUITY INTERESTS$939F
EQUITY SECURITIES$214,118,884F
FIXED INCOME$19,588,197F
HEDGED STRATEGIES$110,029,475F
PRIVATE CAPITAL$147,372,361F
PRIVATE CAPITAL$5,900,000C
PRIVATE CREDIT$8,446,343F
REAL ESTATE FUNDS$68,182,109F
REAL ESTATE$902,658C
FieldValueIRS element (for citing)
Total Book Value Securities$574,540,966TotalBookValueSecuritiesAmt

Other Assets Org OtherAssetsOrgGrp (6 entries)

DescDescBook 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
FieldValueIRS element (for citing)
Total Book Value Other Assets$236,391,542TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)

DescDescAmtAmt
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
FieldValueIRS element (for citing)
Total Liability$2,772,981TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$134,941,072TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$13,729,613NetUnrealizedGainsInvstAmt
Other Revenue-$73,958,001OtherRevenueAmt
Revenue Not Reported-$87,687,614RevenueNotReportedAmt
Revenue Subtotal$222,628,686RevenueSubtotalAmt
Investment Expenses Not Incld$2,558,625InvestmentExpensesNotIncldAmt
Other Revenues Not Included-$1,992,913OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$565,712RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$223,194,398TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$179,697,281TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$1,992,913OtherExpensesIncludedAmt
Expenses Not Reported$1,992,913ExpensesNotReportedAmt
Expenses Subtotal$177,704,368ExpensesSubtotalAmt
Investment Expenses Not Incld2$2,558,625InvestmentExpensesNotIncld2Amt
Other Expenses Not Included$75,810,148OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$78,368,773ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$256,073,141TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
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

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (1)GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, PART I, LINE 3THE 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 6THE 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)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtRegion Total ExpendituresRegionTotalExpendituresAmtSpecific Services ProvidedSpecificServicesProvidedTxt
CENTRAL AMERICA AND THE CARIBBEAN00INVESTMENTS$139,476,621
EAST ASIA AND THE PACIFIC00INVESTMENTS$4,853,202
EUROPE (INCLUDING ICELAND & GREENLAND)00INVESTMENTS$49,683,380
EAST ASIA AND THE PACIFIC00PROGRAM SERVICES$28,937STUDENT RECRUITING
EUROPE (INCLUDING ICELAND & GREENLAND)00PROGRAM SERVICES$56,019STUDENT RECRUITING
EAST ASIA AND THE PACIFIC00PROGRAM SERVICES$561,796STUDY AWAY PROGRAMS
EUROPE (INCLUDING ICELAND & GREENLAND)00PROGRAM SERVICES$4,880,833STUDY AWAY PROGRAMS
MIDDLE EAST AND NORTH AFRICA00PROGRAM SERVICES$116,716STUDY AWAY PROGRAMS
SOUTH AMERICA00PROGRAM SERVICES$198,875STUDY AWAY PROGRAMS
EAST ASIA AND THE PACIFIC00PROGRAM SERVICES$412LAB SUPPLIES
EUROPE (INCLUDING ICELAND & GREENLAND)00PROGRAM SERVICES$7,500LICENSE FEE
EUROPE (INCLUDING ICELAND & GREENLAND)00PROGRAM SERVICES$12,134PROFESSIONAL FEES
EUROPE (INCLUDING ICELAND & GREENLAND)00PROGRAM SERVICES$5,500STREAMING SUBSCRIPTION FEE
EUROPE (INCLUDING ICELAND & GREENLAND)00PROGRAM SERVICES$809CONFERENCE FEES
EUROPE (INCLUDING ICELAND & GREENLAND)00PROGRAM SERVICES$2,830POTTERY
EUROPE (INCLUDING ICELAND & GREENLAND)00PROGRAM SERVICES$4,073BOOK PRINTING
FieldValueIRS element (for citing)
Subtotal Offices0SubtotalOfficesCnt
Subtotal Employees0SubtotalEmployeesCnt
Continuation Total Office0ContinuationTotalOfficeCnt
Continuation Total Employee0ContinuationTotalEmployeeCnt
Total Office0TotalOfficeCnt
Total Employee0TotalEmployeeCnt
Subtotal Spent$199,657,504SubtotalSpentAmt
Continuation Spent$232,133ContinuationSpentAmt
Total Spent$199,889,637TotalSpentAmt
Transfer To Foreign CorpYes (1)TransferToForeignCorpInd
Interest In Foreign Trust0InterestInForeignTrustInd
Foreign Corp OwnershipYes (1)ForeignCorpOwnershipInd
Passive Foreign Investmest CoYes (1)PassiveForeignInvestmestCoInd
Foreign PartnershipYes (1)ForeignPartnershipInd
Boycott Countries0BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
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

FieldValueIRS element (for citing)
Event1VINCE PERONE CLASSICEvent1Nm
Gross Receipts Event1$65,760GrossReceiptsEvent1Amt
Charitable Contri Event1$3,500CharitableContriEvent1Amt
Gross Revenue Event1$62,260GrossRevenueEvent1Amt
Non Cash Prizes Event1$400NonCashPrizesEvent1Amt
Rent Facility Costs Event1$7,245RentFacilityCostsEvent1Amt
Food And Beverage Event1$11,294FoodAndBeverageEvent1Amt
Other Direct Expenses Event1$5,724OtherDirectExpensesEvent1Amt
Event2HOOPS AND HEELS FUNDRAISEREvent2Nm
Gross Receipts Event2$51,013GrossReceiptsEvent2Amt
Charitable Contri Event2$10,000CharitableContriEvent2Amt
Gross Revenue Event2$41,013GrossRevenueEvent2Amt
Non Cash Prizes Event2$489NonCashPrizesEvent2Amt
Rent Facility Costs Event2$6,714RentFacilityCostsEvent2Amt
Food And Beverage Event2$18,014FoodAndBeverageEvent2Amt
Other Direct Expenses Event2$2,276OtherDirectExpensesEvent2Amt
Gross Receipts Total$116,773GrossReceiptsTotalAmt
Charitable Contributions Tot$13,500CharitableContributionsTotAmt
Gross Revenue Total Events$103,273GrossRevenueTotalEventsAmt
Non Cash Prizes Total Events$889NonCashPrizesTotalEventsAmt
Rent Fclty Costs Total Events$13,959RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$29,308FoodAndBeverageTotalEventsAmt
Oth Direct Expnss Total Events$8,000OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$52,156DirectExpenseSummaryEventsAmt
Net Income Summary$51,117NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (10 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtNon Cash AssistanceNonCashAssistanceAmtValuation Method UsedValuationMethodUsedDescNon Cash AssistanceNonCashAssistanceDescPurpose Of GrantPurposeOfGrantTxtAddress Line2USAddress/AddressLine2Txt
UPCOUNTRY HISTORY MUSEUM
340 BUNCOMBE STREETGREENVILLESC29601570833796501(C)(3)$100,000$00N/AOPERATING SUPPORT
GREENVILLE ARENA DISTRICT
650 NORTH ACADEMY STREETGREENVILLESC29601576007739STATE OF SC$75,000$00N/ASPONSORSHIP
THE GREENVILLE DRIVE LLC
945 S MAIN STREETGREENVILLESC29601043672609$55,000$00N/ASPONSORSHIP
EMPIRE MOCK TRIAL ASSOCIATION INC
655 15TH STREET NW SUITE 800WASHINGTONDC20005260150254501(C)(3)$15,000$00N/ASPONSORSHIP
SOUTH CAROLINA CHARITIES INC
104 S MAIN STREET SUITE 110GREENVILLESC29601571110542501(C)(3)$12,000$00N/ASPONSORSHIP
GREENVILLE ARTS FESTIVAL
101B AUGUST STREETGREENVILLESC29601582676608501(C)(3)$10,000$00N/ASPONSORSHIP
OUR UPSTATE SC
150 EXECUTIVE CENTER DRIVE SUITEGREENVILLESC29615451842000501(C)(3)$10,000$00N/ASPONSORSHIP202
UPSTATE SC ALLIANCE INC
3 RESEARCH DRIVE SUITE 230GREENVILLESC29607571095229501(C)(6)$10,000$00N/ASPONSORSHIP
FALL FOR GREENVILLE
206 S MAIN STREETGREENVILLESC29601570876594501(C)(3)$7,500$00N/ASPONSORSHIP
UNITED MINISTRIES INC
606 PENDLETON STREETGREENVILLESC29601570511977501(C)(3)$6,695$00N/ASPONSORSHIP
FieldValueIRS element (for citing)
Total501c3 Org8Total501c3OrgCnt
Total Other Org2TotalOtherOrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (6 entries)

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmtNon Cash AssistanceNonCashAssistanceAmtValuation Method UsedValuationMethodUsedDescNon Cash AssistanceNonCashAssistanceDesc
UNDERGRADUATE SCHOLARSHIPS2067$61,562,427$0N/AN/A
ATHLETIC SCHOLARSHIPS285$12,591,075$0N/AN/A
HEERF STUDENT AID GRANTS365$1,325,086$0N/AN/A
GRADUATE SCHOLARSHIPS53$473,049$0N/AN/A
RESEARCH, INTERNSHIPS, & FELLOWSHIP STIPENDS650$1,737,836$0N/AN/A
GRADUATE STIPENDS7$62,400$0N/AN/A

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationFURMAN 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

FieldValueIRS element (for citing)
Travel For CompanionsYes (X)TravelForCompanionsInd
Housing Allowance Or ResidenceYes (X)HousingAllowanceOrResidenceInd
Club Dues Or FeesYes (X)ClubDuesOrFeesInd
Personal ServicesYes (X)PersonalServicesInd
Written Policy Ref T And E ExpnssYes (1)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (1)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentYes (1)SeverancePaymentInd
Supplemental Nonqual Rtr PlanYes (1)SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (20 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp 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 ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 1AA 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-BNAME: 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 ReferenceBondReferenceCdBond Issuer EINBondIssuerEINCUSIPCUSIPNumBond IssuedBondIssuedDtIssue PriceIssuePriceAmtPurposePurposeDescDefeasedDefeasedIndOn Behalf Of IssuerOnBehalfOfIssuerIndPool FinancingPoolFinancingInd
SC JOBS - ECONOMIC DEVELOPMENT AUTHORITY
A5709600188373031UL2015-08-13$68,432,003REFUNDING AND CAPITAL000
SC JOBS - ECONOMIC DEVELOPMENT AUTHORITY
B5709600182021-09-22$35,830,000REFUNDING OF 2006B AND 2010 BOND ISSUES000
SC JOBS - ECONOMIC DEVELOPMENT AUTHORITY
C570960018837031D422022-01-26$76,277,862CAPITAL000

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)

Bond ReferenceBondReferenceCdRetiredRetiredAmtTotal ProceedsTotalProceedsAmtIssuance Costs From ProceedsIssuanceCostsFromProceedsAmtCapital ExpendituresCapitalExpendituresAmtOther Spent ProceedsOtherSpentProceedsAmtSubstantial CompletionSubstantialCompletionYrRefunding Tax Exempt BondsRefundingTaxExemptBondsIndRefunding Taxable BondsRefundingTaxableBondsIndFinal Allocation MadeFinalAllocationMadeIndAdequate Books And Rec MaintAdequateBooksAndRecMaintIndCapitalized InterestCapitalizedInterestAmtUnspentUnspentAmt
A$3,270,000$68,432,003$659,117$25,001,055$42,771,83120170Yes (1)Yes (1)Yes (1)
B$3,005,000$35,830,000$219,844$35,610,1562012Yes (1)Yes (1)Yes (1)Yes (1)
C$76,297,393$588,703$14,920,738000Yes (1)$479,628$60,308,324

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)

Bond ReferenceBondReferenceCdOwning Bond Financed PropertyOwningBondFinancedPropertyIndAny Lease ArrangementsAnyLeaseArrangementsIndMgmt Contract Bond Fincd PropMgmtContractBondFincdPropIndAny Research AgreementsAnyResearchAgreementsIndBond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestIndChange In Use Bond Financed PropChangeInUseBondFinancedPropIndProcs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
A000000Yes (1)
B000000Yes (1)
C000000Yes (1)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)

Bond ReferenceBondReferenceCdForm8038 T FiledForm8038TFiledIndRebate Not Due YetRebateNotDueYetIndException To RebateExceptionToRebateIndNo Rebate DueNoRebateDueIndVariable Rate IssueVariableRateIssueIndHedge Identified In Bks And RecHedgeIdentifiedInBksAndRecIndGross Proceeds Invested In GICGrossProceedsInvestedInGICIndGross Proceeds InvestedGrossProceedsInvestedIndWritten Proc To Monitor ReqsWrittenProcToMonitorReqsInd
A000Yes (1)0000Yes (1)
B0Yes (1)000000Yes (1)
C0Yes (1)000000Yes (1)

Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)

Bond ReferenceBondReferenceCdProcedures Corrective ActionProceduresCorrectiveActionInd
AYes (1)
BYes (1)
CYes (1)

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
DATE REBATE COMPUTATION PERFORMEDISSUER 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

FieldValueIRS element (for citing)
Business Name Line1NABusinessNameLine1Txt
FieldValueIRS element (for citing)
Relationship With OrgDEPENDENT OF TRUSTEERelationshipWithOrgTxt
Cash Grant$10,000CashGrantAmt
Type Of AssistanceDISCOUNTED TUITIONTypeOfAssistanceTxt
Assistance PurposeEDUCATIONAssistancePurposeTxt

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp

Name Of Interested NameOfInterested

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CHARLES DAVISBusinessNameLine1Txt
FieldValueIRS element (for citing)
Relationship DescriptionSPOUSE OF UNIVERSITY PRESIDENTRelationshipDescriptionTxt
Transaction$53,513TransactionAmt
TransactionCOMPENSATIONTransactionDesc
Sharing Of Revenues0SharingOfRevenuesInd

Schedule M IRS990ScheduleM

Clothing And Household Goods ClothingAndHouseholdGoodsGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Noncash Contributions Rpt F990$15,062NoncashContributionsRptF990Amt
Method Of Determining RevenuesCOSTMethodOfDeterminingRevenuesTxt

Cars And Other Vehicles CarsAndOtherVehiclesGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution1ContributionCnt
Noncash Contributions Rpt F990$9,256NoncashContributionsRptF990Amt
Method Of Determining RevenuesCOSTMethodOfDeterminingRevenuesTxt

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution44ContributionCnt
Noncash Contributions Rpt F990$732,079NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt

Scientific Specimens ScientificSpecimensGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution1ContributionCnt
Noncash Contributions Rpt F990$9,998NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp (4 entries)

Non Cash CheckboxNonCashCheckboxIndDescDescContributionContributionCntNoncash Contributions Rpt F990NoncashContributionsRptF990AmtMethod Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)LAB EQUIPMENT1$562,671COST
Yes (X)MUSICAL INSTRUMENTS1$4,800COST
Yes (X)MUSICAL SCORES1$4,500APPRAISED VALUE
Yes (X)GIFT1$1,583COST
FieldValueIRS element (for citing)
Form8283 Received0Form8283ReceivedCnt
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (1)ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, COLUMN (B):FormAndLineReferenceDesc
ExplanationFURMAN 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 ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 1ATHERE 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 11BTHE 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 12CTHE 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 15ATHE 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 19FURMAN 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/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtDirect Controlling NADirectControllingNACdControlled OrganizationControlledOrganizationInd
FURMAN UNIVERSITY FOUNDATION
3300 POINSETT HIGHWAYGREENVILLESC29613571061363FOUNDATIONSC501(C)(3)LINE 12C, III-FIN/A0
HOLLINGSWORTH FUNDS INC
124 VERDAE BOULEVARDGREENVILLESC29607571003814CHARITABLESC501(C)(3)LINE 12A, IN/A0

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)

Primary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdEntity TypeEntityTypeTxtControlled OrganizationControlledOrganizationInd
CHARITABLE REMAINDER UNITRUSTS (4)
SPLIT INTERESTSCT0
CHARITABLE REMAINDER ANNUITY TRUST
SPLIT INTERESTSCT0
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgYes (1)GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other OrgYes (1)TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE R, PART IIFormAndLineReferenceDesc
ExplanationHOLLINGSWORTH 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