2024-05-13T13:17:16-05:00 2023-06-30 381357951 PLANTE & MORAN PLLC 250 S HIGH ST SUITE 100 COLUMBUS OH 43215 990 2022-07-01 570314365 BENEDICT COLLEGE BENE 8037054730 1600 HARDEN STREET COLUMBIA SC 29204 ROSLYN CLARK ARTIS PRESIDENT & CEO 8037054730 2024-05-09 1 ROSLYN CLARK ARTIS 999009999 1 AMY CIMINELLO P00796388 6148493000 2024-05-09 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ROSLYN CLARK ARTIS 1600 HARDEN STREET COLUMBIA SC 29204 70591516 0 X WWW.BENEDICT.EDU X 1894 SC BENEDICT COLLEGE WILL BE A POWER FOR GOOD IN SOCIETY. THE COLLEGE IS A FULL OPPORTUNITY COLLEGE WITH HIGH QUALITY PROGRAMS OF TEACHING, RESEARCH, AND PUBLIC SERVICE. THESE PROGRAMS PROVIDE THE STUDENTS AND COMMUNITY WITH KNOWLEDGE, SKILLS, UNDERSTANDING, AND VALUES REQUIRED TO EMPOWER THEM TO CREATE A BETTER WORLD. THE COLLEGE SEEKS GEOGRAPHIC, INTERNATIONAL, AND RACIAL DIVERSITY IN THE STUDENT BODY WHILE CONTINUING TO FACILITATE EMPOWERMENT, ENHANCEMENT, AND FULL PARTICIPATION OF AFRICAN AMERICANS IN A GLOBAL SOCIETY. 18 18 450 18 22833 0 25844557 23288369 42959951 45273783 3296197 903768 226281 226417 72326986 69692337 23744431 15311739 0 0 19803549 20651334 0 0 0 24482626 29441166 68030606 65404239 4296380 4288098 139749707 142804025 41368756 38951451 98380951 103852574 X BENEDICT COLLEGE IS COMMITTED TO PROVIDING TRANSFORMATIVE LEARNING EXPERIENCES CHARACTERIZED BY HIGH QUALITY ACADEMIC, CO-CURRICULAR AND EXTRA-CURRICULAR PROGRAMMING, INTENTIONALLY DESIGNED TO DEVELOP SUPERIOR CULTURAL AND PROFESSIONAL COMPETENCIES FOR A DIVERSE STUDENT BODY. 0 0 19379301 15286539 31773700 INSTRUCTION - APPROXIMATELY 1,971 STUDENTS ENROLLED. THE COLLEGE AWARDED 354 DEGREES DURING THE 2022-2023 ACADEMIC YEAR. 14435768 STUDENT SERVICES - ENROLLMENT SERVICES, COLLEGE REGISTRAR, HEALTH AND COUNSELING, SPORTS AND RECREATION 7119922 13563044 AUXILIARY ENTERPRISES - THE COLLEGES' DORMITORIES, DINING HALL AND CAMPUS STORE ARE THE MAJOR AUXILIARY ENTERPRISES SERVING THE COLLEGE COMMUNITY. EIGHT RESIDENCE HALLS PROVIDED QUARTERS FOR APPROXIMATELY 1,392 STUDENTS FOR THE FALL 2022 SEMESTER AND APPROXIMATELY 1,279 STUDENTS FOR THE SPRING 2023 SEMESTER. 4636203 25200 RESEARCH, PUBLIC SERVICE, ACADEMIC SUPPORT - THE COLLEGE LIBRARY (APPROXIMATELY 130,000 VOLUMES HELD), STUDENT FINANCIAL AID, VARIOUS OTHER PROGRAMS. 4636203 25200 45571194 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 1 0 1 0 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 623 0 1 450 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 SC X ROSLYN CLARK ARTIS 8037054730 1600 HARDEN STREET COLUMBIA SC 29204 DR CHARLIE W JOHNSON CHAIRMAN 5.00 0.00 X X 0 0 0 G TYRONE BONDS VICE CHAIRMAN 5.00 0.00 X X 0 0 0 DR ELSIE KING HAMLER SECRETARY 1.00 0.00 X X 0 0 0 ANTHONY T BURROUGHS DIRECTOR 1.00 0.00 X 0 0 0 TYRONE A BURROUGHS DIRECTOR 1.00 0.00 X 0 0 0 VALORIA CHEEK DIRECTOR 1.00 0.00 X 0 0 0 HILDA D GADSDEN DIRECTOR 1.00 0.00 X 0 0 0 MARY GAFFNEY DIRECTOR 1.00 0.00 X 0 0 0 CEDELLE E GATES DIRECTOR 1.00 0.00 X 0 0 0 JAMES P HUDSON DIRECTOR 1.00 0.00 X 0 0 0 REV DR SOLOMON JACKSON JR DIRECTOR 1.00 0.00 X 0 0 0 DR GAIL M MORRISON DIRECTOR 1.00 0.00 X 0 0 0 RICH PANNER DIRECTOR 1.00 0.00 X 0 0 0 DR HAYWOOD L STRICKLAND DIRECTOR 1.00 0.00 X 0 0 0 WILLIAM L THOMAS DIRECTOR 1.00 0.00 X 0 0 0 JESSE J TYSON DIRECTOR 1.00 0.00 X 0 0 0 EMORY L WATERS DIRECTOR 1.00 0.00 X 0 0 0 DR DOROTHY BUCKHANAN WILSON DIRECTOR 1.00 0.00 X 0 0 0 DR ROSLYN CLARK ARTIS PRESIDENT & CEO 40.00 0.00 X 449636 0 49500 CHRISTOPHER THOMPSON VP FOR BUSINESS & FINANCE-PART YEAR 40.00 0.00 X 123235 0 0 LEANDRA HAYES-BURGESS VP FOR INSTITUTIONAL ADVAN 40.00 0.00 X 157590 0 0 CHENNIS C BERRY ATHLETICS-FOOTBALL COACH 40.00 0.00 X 156578 0 0 GODWIN E MBAMALU SPONSORED PROGRAMS 40.00 0.00 X 154500 0 0 JANEEN P WITTY TUCKER VP FOR ACADEMIC AFFAIRS 40.00 0.00 X 154500 0 0 VERNA FAYLON ORR VP/CHIEF OF STAFF 40.00 0.00 X 140000 0 0 1336039 0 49500 16 0 1 0 LCK LLC PO BOX 11129 COLUMBIA SC 29211 CONSTRUCTION SERVICES 4121770 PERKINS MANAGEMENT SERVICES 301 MCCULLOUGH DR STE 520 CHARLOTTE NC 28262 FOOD SERVICE 2913992 SOUTH POINTE ROOFING LLC 424 ROYAL TOWER DR IRMO SC 29063 ROOFING SERVICES 2493625 SIEMENS INDUSTRY INC 100 TECHNOLOGY DR ALPHARETTA GA 30005 ENGINEERING/TECHNOLOGY 1919090 ASSOCIATED CONTRACTORS 2329 HERTFORD DRIVE COLUMBIA SC 29210 CONSTRUCTION SERVICES 1125840 25 19666676 3621693 23288369 TUITION AND FEES 611710 31933181 31933181 AUXILIARY ENTERPRISES 611710 13340602 13340602 45273783 967437 967437 140623 0 140623 140623 140623 817839 17671 891869 7310 -74030 10361 -63669 -63669 PRINT SHOP 323111 85794 62961 22833 85794 69692337 45336744 22833 1044391 25200 25200 13745417 13745417 1541122 1541122 449636 449636 15673084 9171736 6501348 815403 350544 464859 2509929 127680 2382249 1203282 732747 470535 247155 247155 172600 172600 100698 100698 2988584 1461019 1527565 127418 97963 29455 1022072 574192 447880 332073 332073 1574944 1366842 208102 8951 8951 1838619 1365531 473088 6595979 5371155 1224824 848703 848703 REPAIRS & MAINTENANCE 9297958 6207973 3089985 TAXES 555686 555686 DUES AND SUBSCRIPTIONS 159712 58075 101637 ROOM AND BOARD 82502 82502 3487512 2735810 751702 65404239 45571194 19833045 0 27433253 23240935 4367832 4820836 1891657 666657 4498601 4172686 1131580 1249811 193308435 113503345 73547906 79805090 24607852 26779030 1668253 1754959 602773 314021 139749707 142804025 4124942 4342738 9370217 7054475 19640000 19640000 6832754 6161593 1400843 1752645 41368756 38951451 X 76393401 79315694 21987550 24536880 98380951 103852574 139749707 142804025 4288098 1183525 0 X X 0 1 X 1 1 1 X 16510982 16769245 23257789 25844557 23288369 105670942 16510982 16769245 23257789 25844557 23288369 105670942 4912936 100758006 638131 646476 316548 540614 1108060 3249829 946899 877754 45204710 90129 62961 47182453 156103224 214093270 0.64550 0.61030 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16180657 1019554 1051505 18251716 16844518 833728 -1497589 16180657 13665797 1273553 1905168 16844518 13370789 469351 -174343 13655797 12799783 652989 491915 573898 13370789 0.02660 0.97340 0.00000 1 0 10970756 10970756 144789758 86236027 58553731 28776952 24506166 4270786 8770969 2761152 6009817 79805090 LEASE LIABILITY 1154139 DEFERRED LIABILITY 598506 1752645 59970097 1183525 1183525 58786572 10905765 10905765 69692337 54498474 0 54498474 10905765 10905765 65404239 PART V, LINE 4: THE COLLEGE'S ENDOWMENT CONSISTS OF 220 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS & OTHER STUDENT AID 10,695,557. FINANCIAL STATEMENT REVENUES NET WITH EXPENSES 210,208. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS & OTHER STUDENT AID 10,695,557. FINANCIAL STATEMENT REVENUES NET WITH EXPENSES 210,208. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 BENEDICT COLLEGE HAS COMMITTED TO EQUAL OPPORTUNITY, AFFIRMATIVE ACTION, AND NON-DISCRIMINATION ON THE BASIS OF RACE, CREED, RELIGION, AGE, SEX, NATIONAL ORIGIN, HANDICAP AND OTHER LEGALLY PROCTECTED STATUS, IN ALL EDUCATIONAL PROGRAMS, ACTIVITIES AND CONDITIONS OF EMPLOYMENT. THE ORGANIZATION'S NONDISCRIMINATORY POLICY IS PUBLISHED ON THE HOMEPAGE OF ITS WEBSITE. SCHEDULE E, PART I, LINE 6 BENEDICT COLLEGE RECEIVES STUDENT FINANCIAL AID GRANTS FROM THE US DEPARTMENT OF EDUCATION AND THE STATE OF SOUTH CAROLINA IN ADDITION TO FEDERAL AND STATE GRANT MONIES RECEIVED FOR SPECIAL PROGRAMS AND RESEARCH PROJECTS. THE COLLEGE ALSO RECEIVED FUNDING UNDER HEERF AND THE PAYCHECK PROTECTION PROGRAM AS PART OF THE CARES ACT. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTS TO RECIPIENTS IN THE REGION 1304075 NORTH AMERICA 0 0 GRANTS TO RECIPIENTS IN THE REGION 17500 SUB-SAHARAN AFRICA 0 0 GRANTS TO RECIPIENTS IN THE REGION 219547 0 0 0 0 0 0 1541122 0 1541122 GRANTS AND SCHOLARSHIPS CENTRAL AMERICA AND THE CARIBBEAN 125 1304075 APPLIED AGAINST STUDENT'S TUITION ACCOUNT GRANTS AND SCHOLARSHIPS NORTH AMERICA 1 17500 APPLIED AGAINST STUDENT'S TUITION ACCOUNT GRANTS AND SCHOLARSHIPS SUB-SAHARAN AFRICA 13 219547 APPLIED AGAINST STUDENT'S TUITION ACCOUNT 0 0 0 0 0 0 PART I, LINE 2: FUNDS ARE NOT USED OUTSIDE OF THE UNITED STATES RATHER THEY ARE USED BY INTERNATIONAL STUDENTS WHILE ATTENDING SCHOOL IN THE UNITED STATES. AMOUNTS ARE APPLIED DIRECTLY TO STUDENT'S TUITION ACCOUNTS. PART III ACCOUNTING METHOD: 1 COLUMBIA URBAN LEAGUE 1400 BARNWELL ST COLUMBIA SC 29201 570482767 501(C)(3) 6000 0 N/A N/A SPONSORSHIP 1 0 SCHOLARSHIPS & FINANCIAL AID 1205 9154435 0 HEERF GRANTS 3670 4590982 0 PART I, LINE 2: THE COLLEGE'S PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS REQUIRED VERIFICATION OF 1) ENROLLMENT STATUS, 2) NUMBER OF HOURS ENROLLED, 3) NUMBER OF EARNED CREDIT HOURS, 4) GPA, AND 5) HOUSING STATUS. IN ADDITION, A REVIEW OF STUDENT ACADEMIC PERFORMANCE AND GRADES OF INCOMPLETE, IF APPLICABLE, IS CONDUCTED EACH SEMESTER TO DETERMINE OVERALL STANDING IN RELATION TO COLLEGE'S ESTABLISHED SATISFACTORY ACADEMIC POLICY (SAP). NO CASH CHANGES HANDS AND FUNDS ARE DIRECTLY TIED TO STUDENT ACCOUNTS. X 1 1 X X X 0 0 0 0 0 0 0 0 0 DR ROSLYN CLARK ARTIS PRESIDENT & CEO 449636 0 0 0 0 0 49500 0 0 0 499136 0 0 0 LEANDRA HAYES-BURGESS VP FOR INSTITUTIONAL ADVAN 157590 0 0 0 0 0 0 0 0 0 157590 0 0 0 CHENNIS C BERRY ATHLETICS-FOOTBALL COACH 156578 0 0 0 0 0 0 0 0 0 156578 0 0 0 GODWIN E MBAMALU SPONSORED PROGRAMS 154500 0 0 0 0 0 0 0 0 0 154500 0 0 0 JANEEN P WITTY TUCKER VP FOR ACADEMIC AFFAIRS 154500 0 0 0 0 0 0 0 0 0 154500 0 0 0 PART I, LINE 1A AS A CONDITION OF EMPLOYMENT, AND AS A CONVENIENCE TO THE UNIVERSITY, THE PRESIDENT & CEO IS PROVIDED A HOME BY THE UNIVERSITY. THE UNIVERSITY ALSO PROVIDES GROUNDS CARE AND COVERS UTILITIES FOR THE HOME. THE HOME IS PROVIDED AS A NONTAXABLE BENEFIT TO THE PRESIDENT & CEO. A SOUTH CAROLINA JOBS ECONOMIC DEVELOPMENT AUTHORITY (JEDA) 570314365 83704MAG1 2018-09-20 19640000 REFINANCE INDEBTEDNESS TAXABLE BONDS ISSUED 6/25/2013, BUILDING IMPROVEMENT 0 0 0 A 19664471 4368744 387312 14908415 2018 0 1 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 SCHEDULE K, PART II, LINE 3 THE AMOUNT RECORDED AS TOTAL PROCCEEDS OF ISSUE FOR BOND A IS GREATER THAN THE ISSUE PRICE FOR THE BODS DUE TO THE INCLUSION OF INVESTMENT EARNINGS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM AND REVIEWED IN DETAIL BY THE ORGANIZATION'S TOP MANAGEMENT. THE REVIEWED FORM 990 IS THEN PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD MAINTAINS A CONFLICT OF INTEREST POLICY WHICH IS SIGNED ON AN ANNUAL BASIS. IN THE COURSE OF MEETINGS OR ACTIVITIES, EVERYONE WILL DISCLOSE ANY INTERESTS IN A TRANSACTION OR DECISION WHERE HE/SHE, INCLUDING THEIR BUSINESS OR OTHER NON-PROFIT AFFILIATIONS, FAMILY AND/OR SIGNIFICANT OTHER, EMPLOYER OR CLOSE ASSOCIATES WILL RECEIVE A BENEFIT OR A GAIN AND THESE ARE REVIEWED BY THE PRESIDENT. THE BOARD REVIEWS THE PRESIDENT'S SIGNED STATEMENT. AFTER DISCLOSURE OR ANY POSSIBLE CONFLICTS OF INTEREST, THE PERSON WILL BE ASKED TO LEAVE THE ROOM FOR THE DISCUSSION AND WILL NOT BE PERMITTED TO VOTE ON THE QUESTION. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE PRESIDENT & CEO IS DETERMINED BY THE BOARD CHAIR IN CONSULTATION WITH THE PRESIDENT EVALUATION AND COMPENSATION COMMITTEE AND IS PRESENTED TO THE FULL BOARD OF DIRECTORS FOR PRIOR REVIEW AND APPROVAL. COMPENSATION OF OTHER SENIOR MEMBERS OF MANAGEMENT IS DETERMINED THROUGH APPLICATION OF THE AGENCY'S WRITTEN PERFORMANCE REVIEW/COMPENSATION POLICIES AND PROCEDURES WITH FINAL WRITTEN APPROVAL BY THE PRESIDENT & CEO. THE BOARD APPROVES COMPENSATION SET (% SALARY INCREASE) IN CONJUNCTION WITH THE ANNUAL BUDGET. THE COLLEGE USES COMPARATIVE STUDIES FROM OTHER SIMILARLY SIZED HISTORICALLY BLACK COLLEGES AND UNIVERSITIES. WRITTEN DOCUMENTATION OF THE DECISION IS KEPT IN THE COLLEGE'S PERMANENT RECORDS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S BOARD ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF ITS INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR.