BENEDICT COLLEGE: Form 990, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- BENEDICT COLLEGE (EIN 57-0314365)
- Tax period
- 2020-07-01 to 2021-06-30
- Filed
- 2022-09-14
- IRS object ID
- 202232579349301548
- Schema version
- 2020v4.2
- 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 I
- Schedule J
- Schedule K
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-09-14T14:46:21-05:00 | ReturnTs |
| Tax Period End | 2021-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 363990892 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Capin Crouse LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1255 Lakes Parkway Suite 105 | AddressLine1Txt |
| City | Lawrenceville | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30043 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2020-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 570314365 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Benedict College | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | BENE | BusinessNameControlTxt |
| Phone | 8037054730 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1600 Harden Street | AddressLine1Txt |
| City | Columbia | CityNm |
| State Abbreviation | SC | StateAbbreviationCd |
| ZIP | 29204 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Roslyn Clark Artis | PersonNm |
| Person Title | President & CEO | PersonTitleTxt |
| Phone | 8037054730 | PhoneNum |
| Signature | 2022-09-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | Roslyn | PersonFirstNm |
| Person Last | Clark Artis | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Daren Daiga | PreparerPersonNm |
| PTIN | P01074795 | PTIN |
| Phone | 5055022746 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Roslyn Clark Artis | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1600 Harden Street | AddressLine1Txt |
| City | Columbia | CityNm |
| State Abbreviation | SC | StateAbbreviationCd |
| ZIP | 29204 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $105,075,389 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.benedict.edu | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1894 | FormationYr |
| Legal Domicile State | SC | LegalDomicileStateCd |
| Activity Or Mission | A full opportunity college with high quality programs of teaching, research, and public service. | ActivityOrMissionDesc |
| Voting Members Governing Body | 22 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 22 | VotingMembersIndependentCnt |
| Total Employee | 436 | TotalEmployeeCnt |
| Total Volunteers | 26 | TotalVolunteersCnt |
| Total Gross UBI | $6,387 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $16,769,245 | PYContributionsGrantsAmt |
| CY Contributions Grants | $23,257,789 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $42,817,097 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $35,213,804 | CYProgramServiceRevenueAmt |
| PY Investment Income | $419,415 | PYInvestmentIncomeAmt |
| CY Investment Income | $196,293 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,004,454 | PYOtherRevenueAmt |
| CY Other Revenue | $45,295,537 | CYOtherRevenueAmt |
| PY Total Revenue | $61,010,211 | PYTotalRevenueAmt |
| CY Total Revenue | $103,963,423 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $12,510,948 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $13,100,877 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $20,857,296 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $17,981,688 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $663,679 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $26,984,184 | PYOtherExpensesAmt |
| CY Other Expenses | $23,377,367 | CYOtherExpensesAmt |
| PY Total Expenses | $60,352,428 | PYTotalExpensesAmt |
| CY Total Expenses | $54,459,932 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $657,783 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $49,503,491 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $122,453,279 | TotalAssetsBOYAmt |
| Total Assets EOY | $125,168,900 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $88,142,431 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $38,374,278 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $34,310,848 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $86,794,622 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | 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, understandings, 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. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $19,256,993 | ExpenseAmt |
| Grant | $13,100,877 | GrantAmt |
| Revenue | $29,724,396 | RevenueAmt |
| Desc | Instruction - Approximately 2,000 students. The College awarded approximately 165 degrees during the 2020-2021 school year. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $9,334,448 | ExpenseAmt |
| Desc | Student Services - Enrollment Services, College Registrar, Health and Counseling, Sports and Recreation. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $4,761,820 | ExpenseAmt |
| Revenue | $6,316,586 | RevenueAmt |
| Desc | Auxiliary Enterprises - The Colleges' dormitories, dining hall, and campus store are the major auxiliary enterprises serving the college community. Ten residence halls provide quarters for approximately 1,600 students. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $4,003,618 | ExpenseAmt |
| Desc | Research, Public Service, Academic Support - The College Library (approximately 130,000 volumes held), Student Financial Aid, Various Other Programs. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $4,003,618 | TotalOtherProgSrvcExpenseAmt |
| Total Program Service Expenses | $37,356,879 | 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 | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | 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 | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | 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 | 2431 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 436 | 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 | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| 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 | 22 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 22 | 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 | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | 0 | 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 | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | SC | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Roslyn Clark Artis | PersonNm |
| Phone | 8037054730 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1600 Harden Street | AddressLine1Txt |
| City | Columbia | CityNm |
| State Abbreviation | SC | StateAbbreviationCd |
| ZIP | 29204 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (30 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| Charlie W Johnson | |||||||
| Chairman | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| G Tyrone Bonds | |||||||
| Vice Chairman | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| Dr Elise King Hamler | |||||||
| Secretary | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| Mrs Doris W Johnson | |||||||
| Assistant Secretary | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| Anthony T Burroughs | |||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Attorney Valoria Cheek | |||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Dr Paul W Drummond | |||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| William L Thomas | |||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Emory L Waters | |||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| William B Whitney | |||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Attorney James P Hudson | |||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Rich Panner | |||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Reverend Dr Solomon Jackson | |||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Honorable Stephen K Benjamin | |||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Dr Tyrone A Burroughs | |||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Dr Mary Gaffney | |||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Hilda D Gadsden | |||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Dr Gail Morrison | |||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Dr Haywood L Strickland | |||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Jesse J Tyson | |||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Dr Dorothy Buckhanan Wilson | |||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Mrs Cedelle E Gates | |||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Patricia J Ackason | |||||||
| Director (part year) | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Dr Roslyn Clark Artis | |||||||
| President & CEO | 40.00 | Yes (X) | $327,250 | $0 | $47,700 | ||
| Christopher Thompson | |||||||
| VP for Business & Finance | 40.00 | Yes (X) | $113,869 | $0 | $7,420 | ||
| Dr Ceeon Smith | |||||||
| Chief of Staff | 40.00 | $136,216 | $0 | $5,447 | Yes (X) | ||
| Leandra Burgess | |||||||
| VP Institutional Advanceme | 40.00 | $129,042 | $0 | $4,112 | Yes (X) | ||
| Godwin Mbamalu | |||||||
| Sponsored Programs | 40.00 | $114,202 | $0 | $5,889 | Yes (X) | ||
| Dr Janeen Witty | |||||||
| VP Academic Affairs | 40.00 | $113,440 | $0 | $20,054 | Yes (X) | ||
| Chennis Berry | |||||||
| Athletics | 40.00 | $110,611 | $0 | $2,056 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,044,630 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $92,678 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 9 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | 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 |
|---|---|---|---|---|---|
| Perkins Management Services | |||||
| 301 McCullough Dr | Charlotte | NC | 28262 | Food Service | $1,212,818 |
| Premier Roofing | |||||
| PO Box 1551 | Easley | SC | 29641 | Roofing Contractor | $589,731 |
| EBSCO Information Service | |||||
| PO Box 204661 | Dallas | TX | 75320 | Information Technology | $581,891 |
| Jenzabar | |||||
| PO Box 845588 | Boston | MA | 022845588 | Information Technology | $479,939 |
| Howard Industries | |||||
| PO Box 11407 | Birmingham | AL | 35246 | Information Technology | $475,683 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 8 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $13,944,015 | GovernmentGrantsAmt |
| All Other Contributions | $9,313,774 | AllOtherContributionsAmt |
| Total Contributions | $23,257,789 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Tuition and Fees | 611710 | $29,724,396 | $29,724,396 |
| Auxiliary Enterprises | 611710 | $5,489,408 | $5,489,408 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $35,213,804 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $232,108 | TotalRevenueColumnAmt |
| Exclusion | $232,108 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $84,440 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $84,440 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $84,440 | TotalRevenueColumnAmt |
| Exclusion | $84,440 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,076,151 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,111,966 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$35,815 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$35,815 | TotalRevenueColumnAmt |
| Exclusion | -$35,815 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|---|
| Gain ext. debt | 900099 | $44,377,532 | $44,377,532 | ||
| Print Shop | 323111 | $55,424 | $49,037 | $6,387 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $778,141 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $778,141 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $45,211,097 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $103,963,423 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $36,040,982 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $6,387 | UnrelatedBusinessRevenueAmt |
| Exclusion | $44,658,265 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,100,877 | TotalAmt |
| Program Services | $13,100,877 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $498,367 | TotalAmt |
| Program Services | $323,939 | ProgramServicesAmt |
| Management And General | $164,461 | ManagementAndGeneralAmt |
| Fundraising | $9,967 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,656,427 | TotalAmt |
| Program Services | $8,892,608 | ProgramServicesAmt |
| Management And General | $4,476,146 | ManagementAndGeneralAmt |
| Fundraising | $287,673 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $424,106 | TotalAmt |
| Program Services | $31,652 | ProgramServicesAmt |
| Management And General | $383,858 | ManagementAndGeneralAmt |
| Fundraising | $8,596 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,164,383 | TotalAmt |
| Program Services | $329,287 | ProgramServicesAmt |
| Management And General | $1,816,330 | ManagementAndGeneralAmt |
| Fundraising | $18,766 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,238,405 | TotalAmt |
| Program Services | $806,362 | ProgramServicesAmt |
| Management And General | $408,100 | ManagementAndGeneralAmt |
| Fundraising | $23,943 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,865 | TotalAmt |
| Management And General | $22,865 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $142,256 | TotalAmt |
| Management And General | $142,256 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $76,736 | TotalAmt |
| Management And General | $76,736 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,054,342 | TotalAmt |
| Program Services | $1,124,747 | ProgramServicesAmt |
| Management And General | $2,723,401 | ManagementAndGeneralAmt |
| Fundraising | $206,194 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $168,877 | TotalAmt |
| Program Services | $16,165 | ProgramServicesAmt |
| Management And General | $103,251 | ManagementAndGeneralAmt |
| Fundraising | $49,461 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $511,427 | TotalAmt |
| Program Services | $309,564 | ProgramServicesAmt |
| Management And General | $198,840 | ManagementAndGeneralAmt |
| Fundraising | $3,023 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $964,272 | TotalAmt |
| Program Services | $308,302 | ProgramServicesAmt |
| Management And General | $613,466 | ManagementAndGeneralAmt |
| Fundraising | $42,504 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,387,946 | TotalAmt |
| Program Services | $193,018 | ProgramServicesAmt |
| Management And General | $2,194,928 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $324,305 | TotalAmt |
| Program Services | $170,151 | ProgramServicesAmt |
| Management And General | $154,154 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,949,275 | TotalAmt |
| Program Services | $1,590,616 | ProgramServicesAmt |
| Management And General | $358,659 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,202,237 | TotalAmt |
| Program Services | $5,271,220 | ProgramServicesAmt |
| Management And General | $931,017 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $749,364 | TotalAmt |
| Management And General | $749,364 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| Institutional support | $3,748,733 | $3,748,733 | ||
| Equipment/repairs | $1,707,670 | $1,063,453 | $644,217 | |
| Food service | $262,962 | $70,459 | $192,503 | |
| Equipment rental | $104,100 | $5,726 | $84,822 | $13,552 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $54,459,932 | TotalAmt |
| Program Services | $37,356,879 | ProgramServicesAmt |
| Management And General | $16,439,374 | ManagementAndGeneralAmt |
| Fundraising | $663,679 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,563,997 | BOYAmt |
| EOY | $11,342,562 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,497,136 | BOYAmt |
| EOY | $4,171,476 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,518,483 | BOYAmt |
| EOY | $5,733,770 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,716,982 | BOYAmt |
| EOY | $778,967 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $690,071 | BOYAmt |
| EOY | $720,995 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $178,029,630 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $104,615,844 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $75,915,065 | BOYAmt |
| EOY | $73,413,786 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,131,819 | BOYAmt |
| EOY | $23,196,022 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,440,936 | BOYAmt |
| EOY | $3,732,525 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $45,907 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $932,883 | BOYAmt |
| EOY | $2,078,797 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $122,453,279 | BOYAmt |
| EOY | $125,168,900 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,330,488 | BOYAmt |
| EOY | $3,606,493 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,236,776 | BOYAmt |
| EOY | $6,427,830 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,640,000 | BOYAmt |
| EOY | $19,640,000 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $52,054,640 | BOYAmt |
| EOY | $7,057,829 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $880,527 | BOYAmt |
| EOY | $1,642,126 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $88,142,431 | BOYAmt |
| EOY | $38,374,278 | 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 | $19,198,005 | BOYAmt |
| EOY | $64,662,836 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,112,843 | BOYAmt |
| EOY | $22,131,786 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $34,310,848 | BOYAmt |
| EOY | $86,794,622 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $122,453,279 | BOYAmt |
| EOY | $125,168,900 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $49,503,491 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $1,887,259 | NetUnrlzdGainsLossesInvstAmt |
| Prior Period Adjustments | $838,636 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | $254,388 | OtherChangesInNetAssetsAmt |
| 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) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| 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 | $9,884,413 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $10,207,204 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $16,510,982 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $16,769,245 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $23,257,789 | CurrentTaxYearAmt |
| Total | $76,629,633 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $9,884,413 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $10,207,204 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $16,510,982 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $16,769,245 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $23,257,789 | CurrentTaxYearAmt |
| Total | $76,629,633 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $5,703,606 | SubstantialContributorsTotAmt |
| Public Support Total170 | $70,926,027 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $584,039 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,091,029 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $638,131 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $646,476 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $316,548 | CurrentTaxYearAmt |
| Total | $3,276,223 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $969,619 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $297,508 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $946,899 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $877,754 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $45,204,710 | CurrentTaxYearAmt |
| Total | $48,296,490 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $128,202,346 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $232,412,032 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.55320 | PublicSupportCY170Pct |
| Public Support PY170 | 0.80260 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule A, Part II, Line 10, Explanation of Other Income: | Fundraising Event Fees - 2016 Amount: $ 142,169. 2017 Amount: $ 297,508. 2018 Amount: $ 1,456. 2020 Amount: $ 0. Misc income - 2016 Amount: $ 827,450. 2018 Amount: $ 743,182. 2019 Amount: $ 765,300. 2020 Amount: $ 778,141. Print shop - 2018 Amount: $ 202,261. 2019 Amount: $ 112,454. 2020 Amount: $ 49,037. Extinguishment of debt - 2020 Amount: $ 44,377,532. |
| Schedule A, Part II: | The organization is a school as described under 170(b)(1)(A)(ii) and is not required to complete a public support schedule. Schedule A, Part II is completed to verify the School can qualify under public charity status section 170(b)(1)(A)(vi) and, therefore, qualifies to use the first listed special rule for Schedule B reporting. |
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
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $13,665,797 | BeginningYearBalanceAmt |
| Contributions | $1,273,553 | ContributionsAmt |
| Investment Earnings Or Losses | $1,905,168 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $16,844,518 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $13,370,789 | BeginningYearBalanceAmt |
| Contributions | $469,351 | ContributionsAmt |
| Investment Earnings Or Losses | -$174,343 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $13,665,797 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $12,799,783 | BeginningYearBalanceAmt |
| Contributions | $652,989 | ContributionsAmt |
| Investment Earnings Or Losses | $491,915 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $573,898 | OtherExpendituresAmt |
| End Year Balance | $13,370,789 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $12,391,130 | BeginningYearBalanceAmt |
| Contributions | $553,292 | ContributionsAmt |
| Investment Earnings Or Losses | $478,620 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $623,259 | OtherExpendituresAmt |
| End Year Balance | $12,799,783 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $12,014,058 | BeginningYearBalanceAmt |
| Contributions | $355,666 | ContributionsAmt |
| Investment Earnings Or Losses | $605,446 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $584,039 | OtherExpendituresAmt |
| End Year Balance | $12,391,131 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.02970 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.97030 | PrmnntEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | Yes (1) | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $10,970,756 | OtherCostOrOtherBasisAmt |
| Book Value | $10,970,756 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $137,771,691 | OtherCostOrOtherBasisAmt |
| Depreciation | $80,321,259 | DepreciationAmt |
| Book Value | $57,450,432 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $25,387,529 | OtherCostOrOtherBasisAmt |
| Depreciation | $21,630,863 | DepreciationAmt |
| Book Value | $3,756,666 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,899,654 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,663,722 | DepreciationAmt |
| Book Value | $1,235,932 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $73,413,786 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| Asset retirement obligation | $726,302 |
| Financing lease | $915,824 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,642,126 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $94,618,229 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $1,887,259 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $254,388 | OtherRevenueAmt |
| Revenue Not Reported | $2,141,647 | RevenueNotReportedAmt |
| Revenue Subtotal | $92,476,582 | RevenueSubtotalAmt |
| Other Revenues Not Included | $11,486,841 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $11,486,841 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $103,963,423 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $42,973,091 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $42,973,091 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $11,486,841 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $11,486,841 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $54,459,932 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 2d - Other Adjustments: | Change in Value of Perpetual Trusts Held By Others 254,388. |
| Part XI, Line 4b - Other Adjustments: | Scholarships & Other Student Aid 11,486,841. |
| Part XII, Line 2d - Other Adjustments: | Fundraising Events Expenses |
| Part XII, Line 4b - Other Adjustments: | Scholarships & Other Student Aid 11,486,841. |
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 | 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 protected 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. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt |
|---|---|---|
| Scholarships & Financial Aid | 1351 | $11,486,841 |
| HEERF grants | 2018 | $1,614,036 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 2: | FormAndLineReferenceDesc |
| Explanation | 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. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| 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 |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Dr Roslyn Clark Artis | PersonNm |
| Title | President & CEO | TitleTxt |
| Base Compensation Filing Org | $327,250 | BaseCompensationFilingOrgAmt |
| Compensation Based On Rltd Orgs | $0 | CompensationBasedOnRltdOrgsAmt |
| Bonus Filing Organization | $0 | BonusFilingOrganizationAmount |
| Bonus Related Organizations | $0 | BonusRelatedOrganizationsAmt |
| Other Compensation Filing Org | $0 | OtherCompensationFilingOrgAmt |
| Other Compensation Rltd Orgs | $0 | OtherCompensationRltdOrgsAmt |
| Deferred Compensation Flng Org | $16,500 | DeferredCompensationFlngOrgAmt |
| Deferred Comp Rltd Orgs | $0 | DeferredCompRltdOrgsAmt |
| Nontaxable Benefits Filing Org | $31,650 | NontaxableBenefitsFilingOrgAmt |
| Nontaxable Benefits Rltd Orgs | $0 | NontaxableBenefitsRltdOrgsAmt |
| Total Compensation Filing Org | $375,400 | TotalCompensationFilingOrgAmt |
| Total Compensation Rltd Orgs | $0 | TotalCompensationRltdOrgsAmt |
| Comp Report Prior990 Filing Org | $0 | CompReportPrior990FilingOrgAmt |
| Comp Report Prior990 Rltd Orgs | $0 | CompReportPrior990RltdOrgsAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 1a | FormAndLineReferenceDesc |
| Explanation | 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. | ExplanationTxt |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | South Carolina Jobs Economic Development Authority (JEDA) | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 570314365 | BondIssuerEIN |
| CUSIP | 83704MAG1 | CUSIPNum |
| Bond Issued | 2018-09-20 | BondIssuedDt |
| Issue Price | $19,640,000 | IssuePriceAmt |
| Purpose | Refinance indebtedness taxable bonds issued 6/25/2013, building improvements | PurposeDesc |
| Defeased | 0 | DefeasedInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Pool Financing | 0 | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Total Proceeds | $19,664,471 | TotalProceedsAmt |
| In Reserve Fund | $4,368,744 | InReserveFundAmt |
| Issuance Costs From Proceeds | $387,312 | IssuanceCostsFromProceedsAmt |
| Other Spent Proceeds | $14,908,415 | OtherSpentProceedsAmt |
| Substantial Completion | 2018 | SubstantialCompletionYr |
| Refunding Tax Exempt Bonds | 0 | RefundingTaxExemptBondsInd |
| Refunding Taxable Bonds | Yes (1) | RefundingTaxableBondsInd |
| Final Allocation Made | 0 | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | 0 | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | 0 | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | 0 | MgmtContractBondFincdPropInd |
| Any Research Agreements | 0 | AnyResearchAgreementsInd |
| Bond Iss Meet Prvt Sec Pymt Test | 0 | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | Yes (1) | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiledInd |
| Rebate Not Due Yet | Yes (1) | RebateNotDueYetInd |
| Exception To Rebate | 0 | ExceptionToRebateInd |
| No Rebate Due | 0 | NoRebateDueInd |
| Variable Rate Issue | 0 | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | 0 | HedgeIdentifiedInBksAndRecInd |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | 0 | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | Yes (1) | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | Yes (1) | ProceduresCorrectiveActionInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule K, Part II, Line 3 | FormAndLineReferenceDesc |
| Explanation | The amount recorded as total proceeds of issue for bond A is greater than the issue price for the bonds due to the inclusion of investment earnings. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section A, line 1 | The Executive Committee consists of Board Officers, Standing Committee chairs and two Board members at large nominated by the Committee on Trustees at the Board's Annual Meeting. The Executive Committee represents the Board between meetings of the Board and exercises in general the authority of the Board in matters pertaining to the regular administration of the Board except when referral with power has been given by the Board in respect to certain specific items of business. |
| 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 XI, line 9: | Change in Value of Perpetual Trusts Held By Others 254,388. |