2021-04-09T10:07:59-05:00 2020-06-30 BKD LLP 14241 DALLAS PARKWAY SUITE 1100 DALLAS TX 75254 990 2019-07-01 720408915 Centenary College of Louisiana % ROBERT BLUE CENT 3188695016 2911 Centenary Boulevard Shreveport LA 71104 ROBERT BLUE VP OF FINANCE 9727028262 2021-05-17 true Jeanette Verrelli P00742631 9727028262 2019 2022-09-23 18:48:47Z CHRISTOPHER HOLOMAN 2911 CENTENARY BOULEVARD SHREVEPORT LA 71104 84479267 false X WWW.CENTENARY.EDU X 1825 LA PROVIDE UNDERGRADUATE AND GRADUATE EDUCATION IN A VARIETY OF PROGRAMS TO APPROXIMATELY 530 UNDERGRADUATE AND 15 GRADUATE STUDENTS. 27 24 628 479 48273 29491 4100206 7393792 19747919 19893220 2584058 6716493 2504391 2499140 28936574 36502645 12738433 13232428 0 0 11338605 11135317 0 0 809302 10200325 10331582 34277363 34699327 -5340789 1803318 169899231 165616754 20111763 22786487 149787468 142830267 X CENTENARY COLLEGE OF LOUISIANA IS A SELECTIVE LIBERAL ARTS COLLEGE OFFERING UNDERGRADUATE PROGRAMS AND A LIMITED NUMBER OF GRADUATE PROGRAMS IN THE ARTS, HUMANITIES, NATURAL SCIENCES, AND SOCIAL SCIENCES, WHICH STRENGTHEN THE FOUNDATION FOR STUDENTS' PERSONAL LIVES AND CAREER GOALS. STUDENTS AND FACULTY WORK TOGETHER TO BUILD A COMMUNITY FOCUSED ON ETHICAL AND INTELLECTUAL DEVELOPMENT, RESPECT AND CONCERN FOR HUMAN AND SPIRITUAL VALUES, AND THE JOY OF CREATIVITY AND DISCOVERY. CONSISTENT WITH ITS AFFILIATION WITH THE UNITED METHODIST CHURCH, THE COLLEGE ENCOURAGES A LIFELONG DEDICATION NOT ONLY TO LEARNING BUT ALSO TO SERVING OTHERS. IT STRIVES TO OVERCOME IGNORANCE AND INTOLERANCE; TO EXAMINE IDEAS CRITICALLY; TO PROVIDE AN UNDERSTANDING OF THE FORCES THAT HAVE INFLUENCED THE PAST, DRIVE THE PRESENT, AND SHAPE THE FUTURE; AND TO CULTIVATE INTEGRITY, INTELLECTUAL AND MORAL COURAGE, RESPONSIBILITY, FAIRNESS, AND COMPASSION. IN PURSUIT OF THESE IDEALS, THE COLLEGE CHALLENGES ITS STUDENTS false false 28982692 13232428 21915678 PROVIDE UNDERGRADUATE AND GRADUATE EDUCATION IN A VARIETY OF PROGRAMS TO APPROXIMATELY 530 UNDERGRADUATE AND 15 GRADUATE STUDENTS. 28982692 true true false false false false false true false true true false false true true false false true true false false false false false false false false false true true false false false false false false true false true false false false true true true true false false true 66 0 628 true true true false false false false true true false false false false false false X 27 24 true false false false false true false true true false false true true true true true true true true false LA X ROBERT BLUE 3188695127 2911 CENTENARY BOULEVARD SHREVEPORT LA 71104 X CHRISTOPHER L HOLOMAN CENTENARY PRESIDENT 40.0 0.0 X X 253103 0 22603 ROBERT S BLUE VP OF FINANCE & ADMIN 40.0 0.0 X 164242 0 10318 FRED J LANDRY JR VP FOR DEVELOPMENT 40.0 0.0 X 137095 0 16143 L CALHOUN ALLEN III VP FOR ENROLLMENT 40.0 0.0 X 124418 0 19676 KAREN E SOUL PROVOST & DEAN OF THE COLLEGE 40.0 0.0 X 108478 0 26466 BARBARA DAVIS Dean, Frost School of Business 40.0 0.0 X 106077 0 19852 Carol Borne Spencer Trustee 1.0 0.0 X 0 0 0 P Kirk Labor Trustee 1.0 0.0 X 0 0 0 Ellen White Trustee 1.0 0.0 X 0 0 0 Harry Mcinnis Trustee 1.0 0.0 X 0 0 0 Lennis S Elston Trustee 1.0 0.0 X 0 0 0 Mark D Eldredge Trustee 1.0 0.0 X 0 0 0 Paul Michael Mann Trustee 1.0 0.0 X 0 0 0 John E Atkins Trustee 1.0 0.0 X 0 0 0 J Strafford Comegys Trustee 1.0 0.0 X 0 0 0 Beth Bonner Deville Trustee 1.0 0.0 X 0 0 0 Bill Broyles Trustee 1.0 0.0 X 0 0 0 Thomas E Mcelroy Trustee 1.0 0.0 X 0 0 0 Jon Q Petersen Trustee 1.0 0.0 X 0 0 0 Imad Anbouba Trustee 1.0 0.0 X 0 0 0 Ross P Barrett Trustee 1.0 0.0 X 0 0 0 Robert Bowman Trustee 1.0 0.0 X 0 0 0 David Barlow Chairman 1.0 0.0 X X 0 0 0 Edward J Crawford II Treasurer 1.0 0.0 X X 0 0 0 C Ellis Brown Jr Secretary 1.0 0.0 X X 0 0 0 George D Nelson Jr Immediate Past Chair 1.0 0.0 X X 0 0 0 Melva B Williams Trustee 1.0 0.0 X 0 0 0 Cynthia Fierro Harvey Bishop of LA Conference 1.0 0.0 X 0 0 0 Ian McElroy Trustee 1.0 0.0 X 0 0 0 Lee Mckinzie Trustee 1.0 0.0 X 0 0 0 Marty Vaughan Trustee 1.0 0.0 X 0 0 0 G Archer Frierson II Trustee 1.0 0.0 X 0 0 0 Oliver Jenkins Trustee 1.0 0.0 X 0 0 0 893413 0 115058 6 false true false SODEXO INC AFFILIATES 500 ross street 154-0455 PITTSBURGH PA 15262 FOOD SERVICES 1632277 NATIONAL MANAGEMENT RESOURCE CORPOR PO BOX 1224 LAGRANGE GA 30241 FACILITY SERVICES 1321291 APOGEE TELECOM INC PO BOX 95541 GRAPEVINE TX 76099 TECHNOLOGY PROVIDER 297081 ELLUCIAN COMPANY LP 62578 COLLECTIONS CENTER CHICAGO IL 60693 SOFTWARE 290472 THE WIELAND CORPORATION 4162 ENGLISH OAK DRIVE LANSING MI 48911 CONSTRUCTION 287464 13 820092 6573700 2806780 7393792 TUITION AND FEES 611710 19893220 19893220 19893220 1737376 40563 1696813 0 416456 7710 408746 90150 87048 3102 0 3102 3102 49224909 44245792 4979117 4979117 4979117 0 0 0 0 0 0 5666240 3643782 2022458 2022458 MISCELLANEOUS REVENUE 900099 57124 57124 57124 36502645 21915678 48273 7144902 0 13232428 13232428 0 0 896457 657731 204930 33796 58959 43258 13478 2223 8353832 6129207 1909686 314939 351895 258186 80443 13266 846205 620861 193442 31902 627969 460741 143554 23674 0 32834 24090 7506 1238 131380 96394 30033 4953 0 0 0 1314135 964181 300411 49543 0 184776 135570 42240 6966 806675 591857 184406 30412 0 1904029 1396986 435261 71782 1138890 835604 260350 42936 0 0 522022 383008 119334 19680 0 1605511 1177963 367020 60528 546906 401265 125023 20618 UNRELATED BUS INCOME TAX 6533 4794 1493 246 DUES & MEMBERSHIPS 189269 138867 43267 7135 TAXES & LICENSES 25210 18497 5763 950 TUITION REMISSION 103989 76297 23772 3920 1819423 1334907 415921 68595 34699327 28982692 4907333 809302 0 0 1248518 2521325 5712634 6278698 222083 1489028 0 0 0 0 565318 482596 0 0 363411 326659 85035802 54653020 29542361 30382782 102842553 95424828 686 686 0 0 0 0 29401667 28710152 169899231 165616754 2349315 2238691 547575 2809919 13286 13672 0 0 0 0 0 0 14350832 14104468 0 0 2850755 3619737 20111763 22786487 X 10452613 7090165 139334855 135740102 149787468 142830267 169899231 165616754 X 1803318 -7863112 -897407 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1223792 X X X X X PUBLIC EDUCATION false 140532493 4131994 -1434704 7332303 1700 135895780 143579326 1515771 5477363 10038267 1700 140532493 141648717 378252 9301375 7741215 7803 143579326 134370486 316154 15852654 8886989 2280 1308 141648717 147592306 506656 -5705281 7376287 9783 637125 134370486 0.10470 0.89530 true false 2340006 2340006 1237279 54191885 37223254 18205910 5310362 1705058 3605304 21044028 15724708 5319320 912242 912242 30382782 FUNDS HELD IN TRUST BY OTHERS 28290672 OTHER ASSETS 419480 28710152 0 ASSETS HELD IN CUSTODY 508320 LIABILITY ON ANNUITY CONTRACTS 167084 Capital Lease Obligation 846472 Asset Retirement Obligation 2097861 3619737 18240528 -7863112 -14129835 -21992947 40233475 -3730830 -3730830 36502645 25197729 3730830 3730830 21466899 13232428 13232428 34699327 SCHEDULE D, PART III, LINE 4 ORGANIZATION'S COLLECTIONS AND EXEMPT PURPOSE: THE MEADOWS MUSEUM OF ART IS A DEPARTMENT OF THE COLLEGE AND IS LOCATED ON THE COLLEGE CAMPUS. THE MEADOWS MUSEUM EXISTS FOR THE PURPOSES OF HOUSING, CARING FOR, AND EXHIBITING THE PERMANENT COLLECTION ON A ROTATING BASIS AND FOR IMPLEMENTING PUBLIC EDUCATIONAL PROGRAMS DEVELOPED IN TANDEM WITH MUSEUM EXHIBITIONS IN ORDER TO MAXIMIZE EDUCATIONAL IMPACT ON VIEWERS AND PROGRAM PARTICIPANTS. MUSEUM STAFF OFTEN WORK WITH COLLEGE FACULTY TO MOUNT EXHIBITIONS DIRECTLY RELATED TO COURSE CONTENT AND IN THIS WAY SIMULTANEOUSLY SERVE THE CENTENARY COLLEGE STUDENTS, FACULTY AND STAFF AS WELL AS THE REGIONAL COMMUNITY AT LARGE. ALL PUBLIC EDUCATIONAL PROGRAMS AND EVENTS ARE PRESENTED FREE-OF-CHARGE. PERIODICALLY, EXHIBITIONS ARE LOANED TO REGIONAL INSTITUTIONS FOR PRESENTATION THAT SPAN THE SOUTHERN GEOGRAPHIC REGION FROM NORTHERN MISSISSIPPI TO CENTRAL TEXAS. THESE ACTIVITIES STRONGLY SUPPORT THE EDUCATIONAL MISSION OF CENTENARY COLLEGE. SCHEDULE D, PART V, LINE 4 INTENDED USE OF ORGANIZATION'S ENDOWMENT FUNDS: THE COLLEGE'S ENDOWMENT FUNDS A PORTION OF THE OPERATING AND CAPITAL REQUIREMENTS OF THE INSTITUTION. IN ADDITION, THERE ARE A NUMBER OF RESTRICTED ENDOWMENTS THAT ARE INTENDED TO FUND SPECIFIC AREAS WITHIN THE INSTITUTION, INCLUDING ENDOWED FACULTY CHAIRS, ENDOWED SCHOLARSHIPS FOR QUALIFIED STUDENTS, AND OTHER SPECIFIC AREAS. SCHEDULE D, PART XI, LINE 2D RECONCILIATION OF REVENUE PER AUDITED FINANCIAL STATEMENTS: SCHOLARSHIPS NETTED WITH TUITION ON AUDIT $ (13,232,428) CHANGE IN SPLIT INTEREST AGREEMENTS (897,407) ------------------ $ (14,129,835) SCHEDULE D, PART XI, LINE 4B RECONCILIATION OF REVENUE PER AUDITED FINANCIAL STATEMENTS: COST OF GOODS SOLD $(3,643,782) RENTAL EXPENSE (87,048) --------------------- TOTAL $(3,730,830) SCHEDULE D, PART XII, LINE 2D RECONCILIATION OF EXPENSES PER AUDITED FINANCIAL STATEMENTS: COST OF GOODS SOLD $3,643,782 RENTAL EXPENSE 87,048 ------------------ TOTAL $3,730,830 SCHEDULE D, PART XII, LINE 4B RECONCILIATION OF EXPENSES PER AUDITED FINANCIAL STATEMENTS: SCHOLARSHIPS NETTED WITH TUITION ON AUDIT $13,232,428 SCHEDULE D, PART X, LINE 2 ASC 740 FOOTNOTE: MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 PUBLICATION OF RACIALLY NONDISCRIMINATORY POLICY TO GENERAL COMMUNITY: THE COLLEGE PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY TO THE GENERAL COMMUNITY IT SERVES THROUGH AN ADVERTISEMENT ONCE A YEAR IN THE LOCAL NEWSPAPER. THE COLLEGE ALSO DISPLAYS THIS SAME NONDISCRIMINATORY POLICY THROUGHOUT THE COLLEGE'S WEBSITE, PRIMARILY IN THE ADMISSIONS AND FINANCIAL AID SECTIONS. IN ADDITION, THE COLLEGE DISPLAYS THE POLICY ON MATERIAL THAT IS SENT OUT TO PROSPECTIVE STUDENTS, INCLUDING THE COLLEGE'S APPLICATION FORM. SCHEDULE E, PART I, LINE 6A FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENTAL AGENCY: THE ORGANIZATION RECEIVES PERKINS AWARDS, PELL, SEOG, ACG, SMART, WORK STUDY, STAFFORD AND PLUS LOANS. true SCHOLARSHIPS AND AWARDS 494 13232428 SCHEDULE I, PART I, LINE 2 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS IN THE U.S.: SCHOLARSHIPS AND OTHER TYPES OF FINANCIAL ASSISTANCE ARE MONITORED BY PROCEDURES THAT INSURE INDIVIDUALS RECEIVING DISBURSEMENTS ARE QUALIFIED TO RECEIVE THE FINANCIAL ASSISTANCE BASED ON THE INSTITUTION'S ASSESSMENT OF FINANCIAL NEED, ACADEMIC ACHIEVEMENT, AND OTHER SIMILAR NEEDS. X X X X X false true X X X X X false false false false false false false true false CHRISTOPHER L HOLOMAN CENTENARY PRESIDENT 202921 15000 35182 12625 9978 275706 ROBERT S BLUE VP OF FINANCE & ADMIN 161936 0 2306 8160 2158 174560 FRED J LANDRY JR VP FOR DEVELOPMENT 129287 0 7808 6630 9513 153238 SCHEDULE J, PART I, LINE 1A BENEFITS PROVIDED TO INDIVIDUALS: THE ORGANIZATION PROVIDES BENEFITS AS INDICATED IN LINE 1A TO THE ORGANIZATION'S PRESIDENT. ANY NON-BUSINESS OR PERSONAL PORTION OF THE BENEFITS PROVIDED HAS BEEN INCLUDED IN THE RECIPIENT'S FORM W-2 AS TAXABLE COMPENSATION. SCHEDULE J, PART I, LINE 1B WRITTEN POLICY REGARDING PAYMENT OR REIMBURSEMENT OF EXPENSES: THE COLLEGE DOES NOT REIMBURSE FOR FIRST-CLASS TRAVEL. ON AN INFREQUENT BASIS, COLLEGE EMPLOYEES MAY TRAVEL WITH A BOARD OF TRUSTEE MEMBER ON A CHARTER (OR PRIVATELY-OWNED) PLANE ON COLLEGE BUSINESS. SUCH TRAVEL WOULD TYPICALLY INCLUDE THE PRESIDENT OF THE COLLEGE AND BE AUTHORIZED BY THAT PERSON. HOUSING ALLOWANCES ARE PROVIDED BY CONTRACT TO THE COLLEGE PRESIDENT IN LIEU OF COLLEGE-PROVIDED HOUSING. IN ADDITION, UNDER INTERNAL REVENUE SERVICE RULES, COLLEGE CLERGY MAY MAKE HOUSING ALLOWANCE ELECTIONS TO ALLOCATE A PORTION OF THEIR SALARY TO SUCH AN ALLOWANCE. PROVISION AND PAYMENT OF THESE BENEFITS ARE OUTLINED IN EACH INDIVIDUAL'S EMPLOYMENT CONTRACT. schedule J, part I, line 7 Non-fixed payments: The Governance committee meets with the president annually in the month of august to assess the president's annual performance. After deliberation in "executive session," the committee determines his bonus and any increase to his annual salary. 0 LAURA CRAWFORD CRAWFORD, OFFICER, ON BOARD 21088 SALARIES/WAGES false CHRISTOPHER BROWN BROWN, MEMBER, ON BOARD 37871 SALARIES/WAGES false X 9 2805999 FMV X 1 781 COST 1 false true true SCHEDULE M, PART I, LINE 32B SALES OF NONCASH CONTRIBUTIONS: THE COLLEGE'S POLICY IS TO SELL ALL MARKETABLE SECURITIES UPON RECEIPT FROM THE DONOR. THE COLLEGE WILL USE ONE OF THE BROKERAGE FIRMS IT HAS AN ACCOUNT WITH TO SELL THE DONATED SECURITIES. SCHEDULE M, PART I, COLUMN (B) NUMBER OF CONTRIBUTIONS OR ITEMS CONTRIBUTED: THE AMOUNTS REPORTED IN THIS COLUMN ARE THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 7A PERSONS WHO HAVE THE POWER TO ELECT MEMBERS OF THE GOVERNING BODY: THE 2014 AMENDED CHARTER OF THE COLLEGE STATES THE LOUISIANA CONFERENCE OF THE UNITED METHODIST CHURCH HAS THE ABILITY TO ELECT OR REJECT ANY NOMINEE MADE BY THE CENTENARY COLLEGE'S BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B PROCESS TO REVIEW THE FORM 990: THE ORGANIZATION ENGAGES AN ACCOUNTING FIRM TO PREPARE FORM 990. THE FORM 990 IS REVIEWED AND APPROVED BY THE FINANCIAL OFFICE. THEN THE ENTIRE BOARD OF TRUSTEES IS PROVIDED A COPY OF THE RETURN TO REVIEW BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C PROCESS FOR MONITORING COMPLIANCE WITH CONFLICT OF INTEREST POLICY: MEMBERS OF THE BOARD OF TRUSTEES, KEY SENIOR ADMINISTRATORS AND HIGHEST COMPENSATED EMPLOYEES FILE ANNUALLY WITH THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES A COMPLETED QUESTIONNAIRE THAT IS AN ATTACHED EXHIBIT TO THE CONFLICT OF INTEREST POLICY DETAILING ANY POSSIBLE CONFLICTS OF INTEREST WITH THE INSTITUTION. THE OFFICE OF THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION REVIEWS THE ANNUAL QUESTIONNAIRES. A BOARD MEMBER WHO HAS A CONFLICT OF INTEREST SHALL ABSTAIN FROM VOTING ON SUCH MATTERS. FORM 990, PART VI, SECTION B, LINE 15A & 15B REVIEW OF OFFICER COMPENSATION: A REVIEW OF THE PRESIDENT'S COMPENSATION IS CONDUCTED AT LEAST ANNUALLY BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES, SAID COMMITTEE BEING COMPRISED OF THE OFFICERS OF THE BOARD. THE COMMITTEE USES COMPARABILITY DATA, SUCH AS FORM 990S OF OTHER ORGANIZATIONS AND COMPENSATION SURVEYS, AS A BASIS FOR DETERMINING COMPENSATION. THE REVIEW IS DOCUMENTED IN THE MEETING MINUTES. ADDITIONALLY, THE PRESIDENT REVIEWS THE OTHER OFFICERS' COMPENSATION USING THE CUPA-HR SALARY STANDARDS FOR HIGHER EDUCATION IN DETERMINING SALARY THRESHOLDS. CENTENARY USES THE MEDIAN PROVIDED BY CUPA AND ADJUSTS IT DURING THE INITIAL HIRING PROCESS. EMPLOYEES ARE OFFERED COMPENSATION BASED ON THEIR QUALIFICATIONS IN RELATION TO THIS MEDIAN. THE ANNUAL EVALUATIONS AND PERFORMANCE REVIEWS DO NOT HAVE AN EFFECT ON SALARY. THE COMPENSATION REVIEWS ARE DOCUMENTED IN THE EMPLOYEE'S H/R FILES. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF DOCUMENTS: THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT CURRENTLY MADE AVAILABLE TO THE PUBLIC, EXCEPT UPON REQUEST. FORM 990, PART VI, SECTION A, LINE 1A DELEGATION OF AUTHORITY: THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE OFFICERS OF THE BOARD, THE PRESIDENT AND THE CHAIRS AND VICE-CHAIRS OF ALL STANDING COMMITTEES. THE BISHOP OF THE LOUISIANA ANNUAL CONFERENCE SHALL BE AN EX-OFFICIO, VOTING MEMBER. THE EXECUTIVE COMMITTEE IS EMPOWERED TO ACT FOR THE BOARD BETWEEN REGULAR BOARD MEETINGS ON ALL MATTERS EXCEPT FOR PRESIDENTIAL SELECTION AND TERMINATION, BOARD MEMBER AND OFFICER ELECTION, MISSION AND PURPOSE CHANGES, AMENDMENTS TO THE ARTICLES OR BYLAWS, THE INCURRENCE OF CORPORATE INDEBTEDNESS, AND CONFERRAL OF DEGREES. FORM 990, PART VI, SECTION A, LINE 2 FAMILY & BUSINESS RELATIONSHIPS: IAN MCELROY (TRUSTEE) AND THOMAS E. MCELROY (TRUSTEE) HAVE A FAMILY RELATIONSHIP. FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS: CHANGE IN SPLIT INTEREST AGREEMENTS $(897,407) YONCOPIN PROPERTIES LLC 2911 CENTENARY BLVD SHREVEPORT LA 71104 833840944 REAL ESTATE LA 83076 -92401 CENTENARY LOUISIANA ANNUAL CONFERENCE OF THE UMC 527 NORTH BLVD BATON ROUGE LA 70802 237188652 CHURCH LA 501(C)(3) 1 NA false CENTENARY SIF LP 125 HIGH ST BOSTON MA 02110 472401486 INVESTMENTS DE CENTENARY EXCLUDED 5150290 97418258 false 8904 false 0.99990 CHARITABLE LEAD TRUSTS (12) CHARITABLE TRUST TX NA TRUST false false false false false false false false false false false false false false false false false false true Centenary SIF LP S 8800000 FMV