2023-05-15T19:15:53-05:00 2022-06-30 882730877 CHERRY BEKAERT ADVISORY LLC 1075 PEACHTREE STREET NE SUITE 2200 ATLANTA GA 30309 990 2021-07-01 710239729 PHILANDER SMITH COLLEGE PHIL 5013705341 812 W 13TH STREET LITTLE ROCK AR 72202 DR TERRY ESPER CHAIRMAN OF THE BOARD 5013705341 2023-05-15 1 DR TERRY ESPER 999009999 AMANDA ADAMS P00748038 4042090954 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z DR RODERICK L SMOTHERS 812 W 13TH STREET LITTLE ROCK AR 72202 31810776 0 X WWW.PHILANDER.EDU X 1877 AR HISTORICALLY BLACK, FOUR-YEAR LIBERAL ARTS INSTITUTION RELATED TO THE UNITED METHODIST CHURCH. 19 19 316 120 0 0 21547337 19139759 11881517 11696247 722630 381567 19235303 220787 53386787 31438360 6496779 6988208 0 0 9583222 9064025 0 0 299002 8689444 11144866 24769445 27197099 28617342 4241261 65347425 65341640 8426543 7316709 56920882 58024931 X THE COLLEGE'S MISSION IS TO GRADUATE ACADEMICALLY ACCOMPLISHED STUDENTS, GROUNDED AS ADVOCATES FOR SOCIAL JUSTICE, DETERMINED TO CHANGE THE WORLD FOR THE BETTER. 0 0 20988427 6988208 11696247 PHILANDER SMITH COLLEGE OFFERS FOUR DEGREES, INCLUDING THE BACHELOR OF BUSINESS ADMINISTRATION, THE BACHELOR OF SCIENCE, THE BACHELOR OF SOCIAL WORK, AND THE BACHELOR OF ARTS, AS WELL AS CERTIFICATES AND DUAL CREDITS FOR "COLLEGE AND "CAREER" PATHWAYS. WHETHER STUDENTS ARE ON PATHWAYS FOR CAREER READINESS, GRADUATE OR PROFESSIONAL STUDIES, OR EVEN PERSONAL FULFILLMENT, PSC MEN AND PSC WOMEN EMERGE FROM AN ENGAGING AND SUPPORTIVE ENVIRONMENT AS:1. ACADEMICALLY ACCOMPLISHED PSC MEN AND PSC WOMEN;2. ETHICAL CRITICAL THINKERS AND PROBLEM SOLVERS;3. CIVIC-MINDED LEADERS OF TOMORROW, ESPECIALLY IN ECONOMICS, TECHNOLOGY, HEALTH, SCIENCES, EDUCATION, PUBLIC POLICY, THE HUMANITIES, AND INTEGRATED DISCIPLINES SUCH AS SOCIAL AND CRIMINAL JUSTICE;4. AGENTS OF SOCIAL, MORAL AND SPIRITUAL RESPONSIBILITY;5. ADVOCATES OF CULTURAL AND GLOBAL UNDERSTANDING; AND6. LIFELONG LEARNERS AND ACTIVE MEMBERS OF LOCAL, NATIONAL, AND GLOBAL COMMUNITIES. 20988427 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 158 0 1 316 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 19 19 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 1 1 0 0 AR X LATONYA HAYES 5013705341 900 DAISY BATES DRIVE LITTLE ROCK AR 72202 DR SHERECE Y WEST-SCANTLEBURY CHAIRWOMAN 1.00 0.00 X X 0 0 0 DR DEBRA HENRY FISER SECRETARY 1.00 0.00 X X 0 0 0 JIM KINCANNON TREASURER 1.00 0.00 X X 0 0 0 BOB BAILEY TRUSTEE 1.00 0.00 X 0 0 0 ROBERT BLUE TRUSTEE 1.00 0.00 X 0 0 0 DR ETTA CARTER TRUSTEE 1.00 0.00 X 0 0 0 KARYN BRADFORD COLEMAN TRUSTEE 1.00 0.00 X 0 0 0 RODERICK L DUNN TRUSTEE 1.00 0.00 X 0 0 0 DR TERRY ESPER VICE CHAIRMAN 1.00 0.00 X 0 0 0 DR MAURICE D GIPSON TRUSTEE 1.00 0.00 X 0 0 0 DR TERRANCE D GRANT-MALONE TRUSTEE 1.00 0.00 X 0 0 0 DR CYNTHIA BOND HOPSON TRUSTEE 1.00 0.00 X 0 0 0 DR TIONNA JENKINS TRUSTEE 1.00 0.00 X 0 0 0 DR PATTI FREEMYER MARTIN TRUSTEE 1.00 0.00 X 0 0 0 LISA MENZIES-EARVIN TRUSTEE 1.00 0.00 X 0 0 0 BISHOP GARY MUELLER TRUSTEE 1.00 0.00 X 0 0 0 JAKE NABHOLZ TRUSTEE 1.00 0.00 X 0 0 0 REVEREND MARK NORMAN TRUSTEE 1.00 0.00 X 0 0 0 REVEREND ULYSSES C WASHINGTON TRUSTEE 1.00 0.00 X 0 0 0 DR RODERICK L SMOTHERS SR PRESIDENT 40.00 0.00 X 422245 0 27860 DR SHANNON CLOWNEY-JOHNSON INTERIM VP FOR ACADEMIC AFFAIRS 40.00 0.00 X 102557 0 4845 WILLIE HUGHEY VP FOR FISCAL AFFAIRS 40.00 0.00 X 73017 0 2668 LATONYA HAYES VP FOR SPONSORED PROGRAMS 40.00 0.00 X 126247 0 12828 CHARLES KING VP FOR INSTITUTIONAL ADVANCEMENT 40.00 0.00 X 113884 0 12848 DR GREGORY HUDSON VP OF STUDENT AFFAIRS AND ENROLLMENT 40.00 0.00 X 109965 0 5048 947915 0 66097 5 0 1 0 BANKS PROPERTY MANAGEMENT PO BOX 15608 LITTLE ROCK AR 72213 CONSTRUCTION SERVICES 946384 GOURMET SERVICES 260 PEACHTREE ST NW STE 1500 ATLANTA GA 30303 FOOD SERVICES 895739 JOHNSON CONTROLS INC 10600 COLONEL GLENN RD STE 200 LITTLE ROCK AR 72004 HVAC SERVICES 455233 EAB 2445 M STREET NW WASHINGTON DC 20037 STUDENT SUPPORT SERVICES 275721 JENZABAR PO BOX 55018 BOSTON MA 02005 SOFTWARE SERVICES 232389 7 11389042 7750717 10000 19139759 TUITION & FEES 611710 9039830 9039830 DORM FEES 721310 1666502 1666502 MEAL PLAN 722210 888978 888978 OTHER AUXILIARY FEES 900099 62410 62410 BOOKSTORE SALES 611710 38527 38527 11696247 255954 255954 70125 0 70125 70125 70125 405411 279798 125613 125613 125613 243280 92618 150662 150662 31438360 11696247 0 602354 6988208 6988208 633192 189958 443234 7126604 5054860 1864148 207596 249599 101487 144087 4025 512688 323087 177676 11925 541942 352393 174476 15073 150290 150290 165598 165598 59133 59133 1264830 153928 1106002 4900 37933 32795 4838 300 633453 264631 329904 38918 2136239 1934793 201446 584213 368790 213135 2288 12214 12214 316828 248489 68339 2348136 2120040 228096 339381 306414 32967 STUDENT SERVICES 2179350 1896629 282721 BAD DEBT EXPENSE 85787 85787 831481 651925 165579 13977 27197099 20988427 5909670 299002 7131217 6349524 988335 1064316 79864 2658112 1620223 426863 6760 8911 189124 274561 74383162 34547059 40901821 39836103 729207 3041017 10842843 9121396 2858031 2560837 65347425 65341640 2445565 1839077 327603 412137 4836014 4444059 817361 621436 8426543 7316709 X 41463498 40928272 15457384 17096659 56920882 58024931 65347425 65341640 X 4241261 -2607013 -530199 X 0 1 X 1 1 1 X 6341928 6094747 7949288 21547337 19139759 61073059 6341928 6094747 7949288 21547337 19139759 61073059 1900669 59172390 299781 408630 292919 249242 326079 1576651 83813 141595 26708 31 150662 402809 63052519 77705326 0.93850 0.96870 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1697734 X 0 9565734 403304 -1119894 40521 8808623 6777450 1511056 1319226 41998 9565734 6833928 153481 267271 477230 6777450 6931056 107684 388059 592871 6833928 6407991 84547 469054 30536 6931056 0.03871 0.96129 0.00000 1 0 166250 1112083 1278333 58271680 23330693 34940987 9888063 8695867 1192196 4945086 2520499 2424587 39836103 POOLED INVESTMENTS 9121396 F 9121396 FUNDS HELD FOR OTHERS 265988 ADVANCES FROM FEDERAL GOV'T 587 CAPITAL LEASE 354861 621436 X 23147800 -2607013 -437581 -3044594 26192394 59133 5186833 5245966 31438360 22043751 92618 92618 21951133 59133 5186833 5245966 27197099 PART III, LINE 4: ARTWORK IS DISPLAYED IN BUILDINGS ON CAMPUS. PART V, LINE 4: THE COLLEGE'S ENDOWMENT CONSISTS OF INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES, INCLUDING SUPPORT FOR SCHOLARSHIPS, LIBRARY AND TEXTBOOKS, LIBRARY MAINTENANCE, INSTRUCTION, AND OTHER EDUCATIONAL PURPOSES. 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 COLLEGE'S POLICY IS TO RECORD A LIABILITY FOR ANY TAX POSITION TAKEN THAT IS BENEFICIAL TO THE COLLEGE, 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, 2022 OR 2021 AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN BENEFICIAL INTEREST -530,199. DIRECT FUNDRAISING EVENT EXPENSES 92,618. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND SCHOLARSHIPS 5,186,833. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EVENT EXPENSES 92,618. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 5,186,833. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE COLLEGE PUBLICIZED ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH PUBLIC ADVERTISEMENTS. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES FINANCIAL ASSISTANCE FROM VARIOUS GOVERNMENTAL AGENCIES. THE COLLEGE WAS AWARDED FUNDING FROM THE HIGHER EDUCATION EMERGENCY RELIEF FUND (HEERF) TO PROVIDE EMERGENCY FINANCIAL AID GRANTS TO STUDENTS FOR EXPENSES RELATED TO THE DISRUPTION OF CAMPUS OPERATIONS AND TO COVER EXPENSES ASSOCIATED WITH SIGNIFICANT CHANGES TO THE DELIVERY OF INSTRUCTION DUE TO THE CORONAVIRUS. PRESIDENT'S SCHOLARSHIP GALA 185645 185645 636 36292 23681 4200 11818 ELIJAH PITTS GOLF TOURNAMENT 57635 57635 442 11818 3731 243280 243280 1078 48110 23681 4200 15549 92618 150662 1 INSTITUTIONAL SCHOLARSHIPS 284 2081868 TUITION REDUCTION TUITION REDUCTION EXTERNAL SCHOLARSHIPS 348 1609812 TUITION REDUCTION TUITION REDUCTION CARES EMERGENCY GRANTS 791 1801375 CARES INSTITUTIONAL SUPPORT 467 1495153 PART I, LINE 2: PSC PROVIDES SCHOLARSHIPS AND FINANCIAL AID TO INDIVIDUALS TO ATTEND THE COLLEGE. THE SCHOLARSHIPS AND AID FOR SUCH STUDENTS ARE AWARDED BASED ON NEED AND MERIT AND COVER THE COSTS OF TUITION, ROOM, AND BOARD. THE SCHOLARSHIP AND/OR FINANCIAL AID IS AWARDED BASED ON INSTITUTIONAL POLICY AND STANDARDS SET FORTH BY THE DEPARTMENT OF EDUCATION AND THE STATE OF ARKANSAS. THE COLLEGE'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 COLLEGE AS A REDUCTION IN FEES. AS A RESULT, THE GRANT CAN ONLY BE USED FOR ITS INTENDED PURPOSE (I.E. COST OF ATTENDANCE) AND CANNOT BE DIVERTED FROM THIS USE. FOR CARES EMERGENCY GRANTS, AWARDS WERE BASED ON NEED AND NOT REQUIRED TO BE SPENT BY THE RECIPIENTS FOR A PARTICULAR PURPOSE THAT WOULD REQUIRE MONITORING AFTER THE GRANT FUNDS WERE AWARDED. X 0 0 X X 0 0 0 0 0 0 0 0 0 DR RODERICK L SMOTHERS SR PRESIDENT 305997 0 60298 0 55950 0 21420 0 6440 0 450105 0 0 0 PART I, LINE 1A THE PRESIDENT OF PHILANDER SMITH COLLEGE RECEIVED $55,950 IN HOUSING ALLOWANCE. THIS WAS TREATED AS TAXABLE EARNINGS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF TRUSTEES SHALL BE COMPOSED OF NOT MORE THAN 24 VOTING MEMBERS AND THREE EX-OFFICIO MEMBERS. ITS COMPOSITION SHALL INCLUDE: (A) THE BISHOP OF THE UNITED METHODIST CHURCH OF THE ARKANSAS AREA. (B) A SUPERINTENDENT FROM THE ARKANSAS CONFERENCE OF THE UNITED METHODIST CHURCH, DESIGNATED BY THE BISHOP. (C) ONE STAFF MEMBER OF THE DIVISION OF HIGHER EDUCATION OF THE GENERAL BOARD OF HIGHER EDUCATION AND MINISTRY OF THE UNITED METHODIST CHURCH. (D) ONE MEMBER NOMINATED BY THE NATIONAL ALUMNI ASSOCIATION OF THE COLLEGE. (E) A MAXIMUM OF TWENTY MEMBERS AT LARGE UPON NOMINATION BY THE COMMITTEE ON NOMINATIONS AND GOVERNANCE, A MINIMUM OF 30 PERCENT OF SUCH MEMBERS SHALL BE MEMBERS OF THE UNITED METHODIST CHURCH. (F) PRESIDENT OF THE COLLEGE. (EX-OFFICIO) (G) ONE MEMBER SUBMITTED BY THE FACULTY. (EX-OFFICIO) (H) ONE STUDENT REPRESENTATIVE. (EX-OFFICIO) FORM 990, PART VI, SECTION B, LINE 11B AFTER FINALIZING THE FORM 990, MANAGEMENT WILL PROVIDE THE FORM AND ANY ATTACHMENTS TO THE CHAIRMAN OF THE FINANCE COMMITTEE FOR COMMENT. THE FORM IS ALSO E-MAILED OUT TO THE FULL BOARD. ONCE QUESTIONS, IF ANY, ARE ADDRESSED, THE FORM WILL BE FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS SIGN DISCLOSURE FORMS ANNUALLY (SEPTEMBER MEETING) AND ARE DIRECTED TO REPORT ANY CONFLICTS THAT MAY ARISE DURING THE YEAR SO THAT THEY CAN REVISE THEIR FORMS ACCORDINGLY. ANY CONFLICTS NOTED ARE REVIEWED FOR CONSIDERATION OF FURTHER ACTION. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT'S COMPENSATION AND ANY MERIT INCREASES ARE APPROVED BY THE BOARD OF DIRECTORS. A COMPARISON IS MADE TO OTHER PRESIDENTS OF HBCUS AND OTHER UNITED METHODIST SCHOOLS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTEREST -530,199.