2022-09-14T14:46:21-05:00 2021-06-30 363990892 Capin Crouse LLP 1255 Lakes Parkway Suite 105 Lawrenceville GA 30043 990 2020-07-01 570314365 Benedict College BENE 8037054730 1600 Harden Street Columbia SC 29204 Roslyn Clark Artis President & CEO 8037054730 2022-09-14 1 Roslyn Clark Artis 999009999 Daren Daiga P01074795 5055022746 2 AAL1 IAL1 2020 2023-04-26 12:10:37Z Roslyn Clark Artis 1600 Harden Street Columbia SC 29204 105075389 0 X www.benedict.edu X 1894 SC A full opportunity college with high quality programs of teaching, research, and public service. 22 22 436 26 6387 0 16769245 23257789 42817097 35213804 419415 196293 1004454 45295537 61010211 103963423 12510948 13100877 0 0 20857296 17981688 0 0 663679 26984184 23377367 60352428 54459932 657783 49503491 122453279 125168900 88142431 38374278 34310848 86794622 X 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. 0 0 19256993 13100877 29724396 Instruction - Approximately 2,000 students. The College awarded approximately 165 degrees during the 2020-2021 school year. 9334448 Student Services - Enrollment Services, College Registrar, Health and Counseling, Sports and Recreation. 4761820 6316586 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. 4003618 Research, Public Service, Academic Support - The College Library (approximately 130,000 volumes held), Student Financial Aid, Various Other Programs. 4003618 37356879 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2431 0 1 436 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 1 1 1 1 0 SC X Roslyn Clark Artis 8037054730 1600 Harden Street Columbia SC 29204 Charlie W Johnson Chairman 5.00 X X 0 0 0 G Tyrone Bonds Vice Chairman 5.00 X X 0 0 0 Dr Elise King Hamler Secretary 1.00 X X 0 0 0 Mrs Doris W Johnson Assistant Secretary 1.00 X X 0 0 0 Anthony T Burroughs Director 1.00 X 0 0 0 Attorney Valoria Cheek Director 1.00 X 0 0 0 Dr Paul W Drummond Director 1.00 X 0 0 0 William L Thomas Director 1.00 X 0 0 0 Emory L Waters Director 1.00 X 0 0 0 William B Whitney Director 1.00 X 0 0 0 Attorney James P Hudson Director 1.00 X 0 0 0 Rich Panner Director 1.00 X 0 0 0 Reverend Dr Solomon Jackson Director 1.00 X 0 0 0 Honorable Stephen K Benjamin Director 1.00 X 0 0 0 Dr Tyrone A Burroughs Director 1.00 X 0 0 0 Dr Mary Gaffney Director 1.00 X 0 0 0 Hilda D Gadsden Director 1.00 X 0 0 0 Dr Gail Morrison Director 1.00 X 0 0 0 Dr Haywood L Strickland Director 1.00 X 0 0 0 Jesse J Tyson Director 1.00 X 0 0 0 Dr Dorothy Buckhanan Wilson Director 1.00 X 0 0 0 Mrs Cedelle E Gates Director 1.00 X 0 0 0 Patricia J Ackason Director (part year) 1.00 X 0 0 0 Dr Roslyn Clark Artis President & CEO 40.00 X 327250 0 47700 Christopher Thompson VP for Business & Finance 40.00 X 113869 0 7420 Dr Ceeon Smith Chief of Staff 40.00 X 136216 0 5447 Leandra Burgess VP Institutional Advanceme 40.00 X 129042 0 4112 Godwin Mbamalu Sponsored Programs 40.00 X 114202 0 5889 Dr Janeen Witty VP Academic Affairs 40.00 X 113440 0 20054 Chennis Berry Athletics 40.00 X 110611 0 2056 1044630 0 92678 9 0 1 0 Perkins Management Services 301 McCullough Dr Charlotte NC 28262 Food Service 1212818 Premier Roofing PO Box 1551 Easley SC 29641 Roofing Contractor 589731 EBSCO Information Service PO Box 204661 Dallas TX 75320 Information Technology 581891 Jenzabar PO Box 845588 Boston MA 022845588 Information Technology 479939 Howard Industries PO Box 11407 Birmingham AL 35246 Information Technology 475683 8 13944015 9313774 23257789 Tuition and Fees 611710 29724396 29724396 Auxiliary Enterprises 611710 5489408 5489408 35213804 232108 232108 84440 0 84440 84440 84440 1076151 1111966 -35815 -35815 -35815 Gain ext. debt 900099 44377532 44377532 Print Shop 323111 55424 49037 6387 778141 778141 45211097 103963423 36040982 6387 44658265 13100877 13100877 498367 323939 164461 9967 13656427 8892608 4476146 287673 424106 31652 383858 8596 2164383 329287 1816330 18766 1238405 806362 408100 23943 22865 22865 142256 142256 76736 76736 4054342 1124747 2723401 206194 168877 16165 103251 49461 511427 309564 198840 3023 964272 308302 613466 42504 2387946 193018 2194928 324305 170151 154154 1949275 1590616 358659 6202237 5271220 931017 749364 749364 Institutional support 3748733 3748733 Equipment/repairs 1707670 1063453 644217 Food service 262962 70459 192503 Equipment rental 104100 5726 84822 13552 54459932 37356879 16439374 663679 7563997 11342562 11497136 4171476 2518483 5733770 1716982 778967 690071 720995 178029630 104615844 75915065 73413786 17131819 23196022 4440936 3732525 45907 0 932883 2078797 122453279 125168900 5330488 3606493 10236776 6427830 19640000 19640000 52054640 7057829 880527 1642126 88142431 38374278 X 19198005 64662836 15112843 22131786 34310848 86794622 122453279 125168900 X 49503491 1887259 838636 254388 X 0 1 X 1 1 1 X 9884413 10207204 16510982 16769245 23257789 76629633 9884413 10207204 16510982 16769245 23257789 76629633 5703606 70926027 584039 1091029 638131 646476 316548 3276223 969619 297508 946899 877754 45204710 48296490 128202346 232412032 0.55320 0.80260 X 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. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13665797 1273553 1905168 16844518 13370789 469351 -174343 13665797 12799783 652989 491915 573898 13370789 12391130 553292 478620 623259 12799783 12014058 355666 605446 584039 12391131 0.02970 0.97030 1 0 10970756 10970756 137771691 80321259 57450432 25387529 21630863 3756666 3899654 2663722 1235932 73413786 Asset retirement obligation 726302 Financing lease 915824 1642126 94618229 1887259 254388 2141647 92476582 11486841 11486841 103963423 42973091 0 42973091 11486841 11486841 54459932 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. 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 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. 1 Scholarships & Financial Aid 1351 11486841 HEERF grants 2018 1614036 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 X 0 0 0 0 0 0 0 0 0 Dr Roslyn Clark Artis President & CEO 327250 0 0 0 0 0 16500 0 31650 0 375400 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 improvements 0 0 0 A 19664471 4368744 387312 14908415 2018 0 1 0 0 A 0 0 0 0 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 proceeds of issue for bond A is greater than the issue price for the bonds due to the inclusion of investment earnings. 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.