2022-03-16T12:14:04-05:00 2020-06-30 363990892 Capin Crouse LLP 1255 Lakes Parkway Suite 105 Lawrenceville GA 30043 990 2019-07-01 570314365 Benedict College BENE 8037054730 1600 Harden Street Columbia SC 29204 Roslyn Clark Artis President & CEO 8037054730 2022-03-16 1 Ted R Batson Jr P00721951 5055022746 2019 2022-09-23 18:48:47Z Roslyn Clark Artis 1600 Harden Street Columbia SC 29204 64656298 0 X www.benedict.edu X 1894 SC A full opportunity college with high quality programs of teaching, research, and public service. 26 26 521 29 10374 -8214 16510982 16769245 43445167 42817097 -380921 419415 927548 1004454 60502776 61010211 10750019 12510948 0 0 21724363 20857296 0 0 354191 26331409 26984184 58805791 60352428 1696985 657783 120889665 122453279 86771741 88142431 34117924 34310848 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 20673251 12510948 31883020 Instruction - Approximately 2,000 students. The College awarded approximately 229 degrees during the 2019-2020 school year. 9454847 Student Services - Enrollment Services, College Registrar, Health and Counseling, Sports and Recreation. 8499196 11811831 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. 3819691 Research, Public Service, Academic Support - The College Library (approximately 130,000 volumes held), Student Financial Aid, Various Other Programs. 3819691 42446985 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 1 0 0 0 0 0 1 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 2465 0 1 521 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 26 26 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 1 1 1 1 0 SC X Chris Thompson 8037054730 1600 Harden Street Columbia SC 29204 Dr Roslyn Clark Artis President & CEO 40.00 X 287402 0 49497 James White Athletics 40.00 X 114725 0 9409 Dr Ceeon Smith Chief of Staff 40.00 X 118346 0 143 Leandra Burgess VP Institutional Advancement 40.00 X 112552 0 0 Christopher Thompson VP for Business & Finance 40.00 X 58260 0 12553 Charlie W Johnson Chairman 5.00 X X 0 0 0 G Tyrone Bonds Vice Chairman 5.00 X X 0 0 0 Dr Willie J Hill Jr Secretary 1.00 X X 0 0 0 Dr Elise King Hamler Asst. 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 Attorney Clarence Davis 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 James P Hudson Director 1.00 X 0 0 0 Dr Benjamin D Snoddy 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 Boyd B Jones 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 Mrs Doris W Johnson Director 1.00 X 0 0 0 Patricia J Ackason 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 691285 0 71602 4 0 1 0 Jenzabar Inc PO Box 55018 Boston MA 02205 Campus support and software 2384933 Follett-FHEG Benedict College 3 Westbrook Corporate Center Westchester IL 60154 Educational material 1571630 Perkins Management Services Co 6201 Fairview Rd Charlotte NC 28210 Food service 1270910 Hot Rocks Paving Co 109 Trellis Court Lexington SC 29072 Contractor 732428 Medallion 150 River Park Road Mooresville NC 28117 Athletic Equipment 541840 16 60537 14722259 1986449 16769245 Tuition and Fees 611710 31883020 31883020 Auxiliary Enterprises 611710 10934077 10934077 42817097 518855 518855 127621 0 127621 127621 127621 3535352 3634792 -99440 -99440 -99440 0 60537 11295 -11295 -11295 Print Shop 323111 122828 112454 10374 765300 765300 888128 61010211 43694851 10374 535741 12510948 12510948 520493 343854 171210 5429 17161542 12140275 4858850 162417 524714 93691 420319 10704 1497010 267300 1199172 30538 1153537 205971 924035 23531 35303 35303 148512 148512 58726 58726 5362423 1131588 4227617 3218 111277 20147 22958 68172 382239 240811 139965 1463 1221468 855669 361279 4520 2318097 1460401 857696 749635 141117 587599 20919 1919781 948650 971131 6088388 5226006 862382 911919 574509 337410 Institutional support 4552035 4552035 Book rental 1389414 1389414 Equipment/repairs 1027729 84453 943276 Rental equipment 366992 4485 350970 11537 340246 255661 72842 11743 60352428 42446985 17551252 354191 2325379 7563997 11359983 11497136 4824957 2518483 1941320 1716982 1075268 690071 177450395 101535330 77726814 75915065 18295181 17131819 2334784 4440936 52552 45907 953427 932883 120889665 122453279 7191379 5330488 3558888 10236776 19640000 19640000 3013883 0 52520268 52054640 847323 880527 86771741 88142431 X 13202707 19198005 20915217 15112843 34117924 34310848 120889665 122453279 X 657783 -403963 -40352 -20544 X 0 1 X 1 1 1 X 12063758 9884413 10207204 16510982 16769245 65435602 12063758 9884413 10207204 16510982 16769245 65435602 6568061 58867541 607734 584039 1091029 638131 646476 3567409 1252179 969619 297508 946899 877754 4343959 73346970 255202906 0.80260 0.82100 X Schedule A, Part II, Line 10, Explanation of Other Income: Fundraising Event Fees - 2015 Amount: $ 108,170. 2016 Amount: $ 142,169. 2017 Amount: $ 297,508. 2018 Amount: $ 1,456. 2019 Amount: $ 0. Other Income - 2015 Amount: $ 1,144,009. 2016 Amount: $ 827,450. 2018 Amount: $ 743,182. 2019 Amount: $ 765,300. Print shop - 2018 Amount: $ 202,261. 2019 Amount: $ 112,454. 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 13370789 469351 -174343 13665797 12799783 652989 491915 573898 13370789 12391130 553292 478620 623259 12799783 12014058 355666 605446 584039 12391131 10138730 2146330 336732 307734 12314058 0.03210 0.96790 1 0 10970756 10970756 136190761 75696196 60494565 26743546 23206783 3536763 3545332 2632351 912981 75915065 Asset retirement obligation 682613 Refundable government advances 197914 880527 49110158 -403963 -9249 -413212 49523370 11486841 11486841 61010211 48876882 11295 11295 48865587 11486841 11486841 60352428 Part V, Line 4: The College's endowment consists of 195 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: Fundraising Events Expenses 11,295. Change in Value of Perpetual Trusts Held By Others -20,544. Part XI, Line 4b - Other Adjustments: Scholarships & Other Student Aid 11,486,841. Part XII, Line 2d - Other Adjustments: Fundraising Events Expenses 11,295. 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. UNCF Revival of the Mind 60537 60537 6950 400 3945 60537 60537 6950 400 3945 11295 -11295 1 Scholarships & Financial Aid 1585 11486841 HEERF grants 1646 1024107 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 1 0 Dr Roslyn Clark Artis President & CEO 272500 0 13652 0 1250 0 18825 0 30841 0 337068 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. Part I, Line 7 The organization made nonfixed payments in the form of discretionary bonuses. 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 19663536 3543805 387312 15732419 0 1 0 0 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 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 -20,544.