2020-05-06T06:21:37-05:00 2019-06-30 560574444 CHERRY BEKAERT LLP 110 EAST COURT STREET SUITE 500 GREENVILLE SC 29601 990 2018-07-01 570314380 CONVERSE COLLEGE CONV 8645969000 580 EAST MAIN STREET SPARTANBURG SC 29302 KRISTA NEWKIRK PRESIDENT 8645969000 2020-04-30 1 AMANDA ADAMS P00748038 8642333981 75.138.101.114 2020-04-30 14:06:58 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 7F6CCF0CB4081015FD8E7383A60227A55661592A 2018 2021-01-29 14:40:06Z KRISTA NEWKIRK 580 EAST MAIN STREET SPARTANBURG SC 29302 59149725 0 X WWW.CONVERSE.EDU X 1889 SC CONVERSE COLLEGE IS A LIBERAL ARTS COLLEGE FOR WOMEN WHICH OFFERS UNDERGRADUATE AND CO-ED GRADUATE DEGREES. CONVERSE IS COMMITTED TO DEVELOPING ADAPTABLE INDIVIDUALS FOR THE 21ST CENTURY WHO ARE EQUIPPED WITH THE CHARACTER, KNOWLEDGE, SKILLS AND PERSPECTIVE TO TRANSFORM THE WORLD AROUND THEM. THE COLLEGE HAS APPROXIMATELY 1,450 STUDENTS. 29 29 749 29 0 0 5995564 7484060 24373032 24545129 2601145 2816671 3190 35219 32972931 34881079 4307742 4390676 0 0 14817288 15328774 0 0 1654994 13767222 13771808 32892252 33491258 80679 1389821 164723252 163257031 37058218 34910564 127665034 128346467 X THE PRIMARY MISSION OF CONVERSE COLLEGE IS A LIBERAL ARTS EDUCATION OF UNDERGRADUATE WOMEN IN A RESIDENTIAL SETTING. STUDENTS PURSUE RICHLY DIVERSE PROGRAMS IN LIBERAL ARTS AND CAREER PREPARATIONS. CONVERSE BELIEVES THAT THE FOUNDER'S IDEAL IS TO CALL TO ARMS TO DEVELOP ENGAGED LEADERS WHO THINK CRITICALLY AND CREATIVELY AND AFFECT POSITIVE CHANGE IN THE WORLD. TODAY, INNOVATIVE PROGRAMS FOR GRADUATE AND ADVANCED STUDY COMPLEMENT THE UNDERGRADUATE PROGRAM. 0 0 22852648 4390676 19431939 FOUNDED IN 1889, CONVERSE COLLEGE DEVELOPS ADAPTABLE LEADERS WHO ARE EQUIPPED WITH THE CREATIVITY, CHARACTER, KNOWLEDGE AND PERSPECTIVE TO TRANSFORM THE WORLD AROUND THEM. CONSISTENTLY TOP-RANKED BY "U.S. NEWS AND WORLD REPORT", CONVERSE IS A WOMEN'S COLLEGE THAT OFFERS CO-EDUCATIONAL GRADUATE PROGRAMS. CONVERSE STUDENTS DEVELOP THEIR UNIQUE VOICES THROUGH A CHALLENGING LIBERAL ARTS CURRICULUM, THE DANIELS CENTER FOR LEADERSHIP AND SERVICE, A CENTURY-OLD HONOR TRADITION, AND A CLOSE-KNIT RESIDENTIAL COMMUNITY. THE COLLEGE HAS APPROXIMATELY 1,450 STUDENTS ENROLLED. 4223949 0 5113190 CONVERSE COLLEGE IS A RESIDENTIAL COLLEGE, MEANING ON-CAMPUS LIVING IS A VALUABLE EXPERIENCE WHERE IN AND OUT OF CLASS LEARNING MERGE. FROM HISTORIC CHARM TO MODERN EASE, CONVERSE'S RESIDENCE HALLS OFFER DIVERSE OPTIONS TO SUIT THE NEEDS AND PREFERENCES OF TODAY'S STUDENTS. LIVING IN A RESIDENCE HALL COMMUNITY OFFERS STUDENTS OPPORTUNITIES TO LEARN ABOUT THEMSELVES AND OTHERS. EACH RESIDENCE HALL HAS STUDENT DEVELOPMENT STAFF, PROGRAMMING AND FACILITIES AVAILABLE TO HELP EACH STUDENT. CONVERSE'S RESIDENTIAL COMMUNITIES ARE MORE THAN JUST PLACES TO HANG OUT WHEN STUDENTS AREN'T IN CLASS. THEY ARE WHERE STUDENTS FEEL THE MOST AT HOME AND DEVELOP RELATIONSHIPS WITH PEERS IN A COMMUNITY. 27076597 1 1 0 0 0 0 0 1 1 1 1 1 0 1 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 87 0 1 749 1 0 0 0 0 0 0 0 0 0 0 0 0 X 29 29 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X DIANNE CROCKER AVP FINANCE 8645969028 580 EAST MAIN STREET SPARTANBURG SC 29302 PHYLLIS HARRIS CHAIR 1.00 0.00 X X 0 0 0 LAURA BAUKNIGHT VICE CHAIR 1.00 0.00 X X 0 0 0 MARSHA GIBBS SECRETARY 1.00 0.00 X X 0 0 0 PHILIP ASHERMAN TRUSTEE 1.00 0.00 X 0 0 0 MARY BOYD TRUSTEE 1.00 0.00 X 0 0 0 RANDALL CHAMBERS TRUSTEE 1.00 0.00 X 0 0 0 DEBRA CLEMENTS TRUSTEE 1.00 0.00 X 0 0 0 CHRISTI EPPS TRUSTEE 1.00 0.00 X 0 0 0 KEN HOWARD TRUSTEE 1.00 0.00 X 0 0 0 ANN JACKSON TRUSTEE 1.00 0.00 X 0 0 0 THE HONORABLE DEADRA JEFFERSON TRUSTEE 1.00 0.00 X 0 0 0 DAVID JOHNSON TRUSTEE 1.00 0.00 X 0 0 0 DR ROSE JOHNSTON TRUSTEE 1.00 0.00 X 0 0 0 KIM KENT TRUSTEE 1.00 0.00 X 0 0 0 LILLIAN LILLY TRUSTEE 1.00 0.00 X 0 0 0 FAIN MCDANIEL TRUSTEE 1.00 0.00 X 0 0 0 ERICA MOORE TRUSTEE 1.00 0.00 X 0 0 0 AMY MORALES TRUSTEE 1.00 0.00 X 0 0 0 SANDRA MORELLI TRUSTEE 1.00 0.00 X 0 0 0 PATRICK O'SHAUGHNESSY TRUSTEE 1.00 0.00 X 0 0 0 RICHARD PENNELL JR TRUSTEE 1.00 0.00 X 0 0 0 WALLACE PRESTWOOD TRUSTEE 1.00 0.00 X 0 0 0 JAYNE REUBEN PHD TRUSTEE 1.00 0.00 X 0 0 0 MIKE RUSS TRUSTEE 1.00 0.00 X 0 0 0 ALLEN SMITH TRUSTEE 1.00 0.00 X 0 0 0 JULIE STAGGS TRUSTEE 1.00 0.00 X 0 0 0 DWIGHT VAN INWEGEN TRUSTEE 1.00 0.00 X 0 0 0 SUSAN WEAN TRUSTEE 1.00 0.00 X 0 0 0 DR KAY WOODWARD TRUSTEE 1.00 0.00 X 0 0 0 KRISTA NEWKIRK JD PRESIDENT 40.00 0.00 X 274600 0 27601 DR JEFFREY BARKER PROVOST 40.00 0.00 X 143650 0 16173 KRISTA BOFILL VP INSTITUTIONAL ADVANCEMENT 40.00 0.00 X 159996 0 0 ROBIN LESLIE VP FINANCE & ADMINISTRATION 40.00 0.00 X 133000 0 10828 L WAYDE DAWSON VP FINANCE & ADMINISTRATION 40.00 0.00 X 4128 0 0 MICHAEL KENNEDY ASSISTANT VP FOR PHILANTHROPY 40.00 0.00 X 121050 0 16173 JOE DUNN PROFESSOR 40.00 0.00 X 100148 0 5983 936572 0 76758 6 0 1 0 SODEXO DINING 580 E MAIN STREET SPARTANBURG SC 29302 DINING SERVICES 1673359 THE BUDD GROUP INC PO BOX 890856 CHARLOTTE NC 282890856 FACILITIES 1433464 GMK ASSOCIATES INC 1201 MAIN STREET SUITE 2100 COLUMBIA SC 29201 RENOVATIONS 1191731 FHEG CONVERSE COLLEGE FOLLETT 3146 SOLUTIONS CENTER CHICAGO IL 60605 CAMPUS BOOKSTORE 180990 JENZABAR INC PO BOX 55018 BOSTON MA 022055018 SOFTWARE 179487 10 928997 6555063 1548218 7484060 TUITION AND FEES 611710 18823139 18823139 ROOM AND BOARD 532000 5113190 5113190 SUMMER WORKSHOPS 532000 413062 413062 ALUMNAE/CAMPUS LIFE 900099 137912 137912 57826 57826 24545129 1165105 1165105 259891 224672 35219 35219 35219 25695540 24043974 1651566 1651566 1651566 34881079 24545129 0 2851890 4390676 4390676 709594 278891 292078 138625 12132452 9705960 1819868 606624 94774 75819 14216 4739 1480391 1184312 222059 74020 911563 729251 136734 45578 13004 13004 76635 76635 285528 285528 2074818 1556113 311223 207482 170339 119237 25551 25551 457642 366114 68646 22882 1378002 1171302 137800 68900 115332 98032 11533 5767 1123548 955016 112355 56177 2528743 2149432 252874 126437 478877 478877 FOOD SERVICE 1503038 1277582 150304 75152 REPAIRS/MAINTENANCE 519442 441526 51944 25972 STUDENT PROGRAMS 278480 236708 27848 13924 UPGRADES/RENOVATIONS 128467 109197 12847 6423 2639913 2231429 257743 150741 33491258 27076597 4759667 1654994 4548699 5651303 11040046 12334029 5209526 4542206 322465 337667 1051161 911240 106670 112196 104071687 53984806 50995043 50086881 46048618 46344417 28035617 26630857 17365407 16306235 164723252 163257031 2306642 1967571 452619 447952 31784833 30734342 254327 265789 759126 0 1500671 1494910 37058218 34910564 X 38745240 38986133 17317643 18107298 71602151 71253036 127665034 128346467 164723252 163257031 X 1389821 460591 -1168979 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 0 1 X 78739686 1187647 2765229 4320480 78372082 76725203 1092187 5087889 4165593 78739686 70303052 2304955 8125647 4008451 76725203 73914841 1671917 -896292 4387414 70303052 75135401 897778 2193173 4311511 73914841 0.09080 0.90920 0.00000 0 0 1877496 1877496 81449127 38482714 42966413 20390603 15502092 4888511 354461 354461 50086881 HEDGE FUNDS 20827887 F LIMITED PARTNERSHIPS 5802970 F 26630857 CONTRIBUTIONS RECEIVABLE FROM CRT'S 11429343 PERPETUAL TRUST HELD BY THIRD PARTY 4650327 MISCELLANEOUS RECEIVABLES 51565 PROPERTY HELD FOR SALE 175000 16306235 POST-RETIREMENT BENEFITS 50152 OBLIGATIONS FROM SPLIT INTEREST AGREEMENTS 130020 REVOLVING PERKINS LOAN LIABILITY 1101686 ASSET RETIREMENT OBLIGATION 213052 1494910 X 29721159 460591 -944307 -483716 30204875 285528 4390676 4676204 34881079 29039726 224672 224672 28815054 285528 4390676 4676204 33491258 PART III, LINE 4: ALL ART WORK IS ON PUBLIC EXHIBIT AND CAN BE VIEWED BY STUDENTS, FACULTY, STAFF AND OTHERS IN THE COMMUNITY. PART IV, LINE 2B: THE COLLEGE HOLDS FUNDS IN A CUSTODIAL CAPACITY FOR STUDENT ORGANIZATIONS. PART V, LINE 4: THE INTENDED USES OF CONVERSE COLLEGE'S ENDOWMENT FUNDS ARE FOR SCHOLARSHIPS, PROFESSORSHIPS, STUDENT ACADEMIC TRAVEL, STAFF/FACULTY DEVELOPMENT AND EXCELLENCE, THE LIBRARY, BUILDINGS AND EQUIPMENT MAINTENANCE, MINISTRY, AND OTHER ACADEMIC PROGRAMS. PART X, LINE 2: THE COLLEGE IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE COLLEGE HAS EVALUATED THE EFFECT OF U.S. GAAP GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT BELIEVES THAT THE COLLEGE CONTINUES TO SATISFY THE REQUIREMENTS OF A TAX-EXEMPT ORGANIZATION. MANAGEMENT ALSO BELIEVES THAT THERE ARE NO OTHER UNCERTAIN TAX POSITIONS AT JUNE 30, 2019 OR 2018. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 224,672. CHANGE IN VALUE OF REMAINDER TRUST AGREEMENTS -1,168,979. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 4,390,676. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 224,672. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 4,390,676. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 CONVERSE COLLEGE PRINTS A NONDISCRIMINATORY CLAUSE ON ALL MAJOR PUBLICATIONS, INCLUDING BUT NOT LIMITED TO EMPLOYMENT APPLICATIONS, COURSE CATALOGS, ADMISSION APPLICATIONS, AND THE COLLEGE'S WEBSITE, AS REQUIRED BY THE OFFICE OF CIVIL RIGHTS. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES FUNDS FROM THE US DEPARTMENT OF EDUCATION AND SOUTH CAROLINA DEPARTMENT OF REVENUE ON BEHALF OF STUDENTS WHO QUALIFY FOR THESE FUNDS. AMOUNTS RECEIVED ARE APPLIED TO THE STUDENT'S ACCOUNT TO COVER TUITION AND FEES. EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES TRAVEL ABROAD PROGRAM 122594 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES TRAVEL ABROAD PROGRAM 99525 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES TRAVEL ABROAD PROGRAM 2250 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 11319400 0 0 0 0 0 0 11543769 0 11543769 1 0 1 1 1 0 PART I, LINE 3: AMOUNTS REPORTED IN SCHEDULE F, PART I ARE ON THE ACCRUAL BASIS. PARTS I AND IV THE COLLEGE HAS OWNERSHIP IN VARIOUS FOREIGN ENTITIES AS A RESULT OF ALTERNATIVE INVESTMENTS THAT ARE PART OF THE COLLEGE'S INVESTMENT PORTFOLIO. THE AMOUNT REPORTED IN PART I, COLUMN F IS THE FAIR MARKET VALUE OF THE INVESTMENTS HELD AT THE END OF THE YEAR. 1 GRANTS AND SCHOLARSHIPS TO ATTEND CONVERSE COLLEGE 734 4390676 TUITION RATES FINANCIAL AID PART I, LINE 2: PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS: FINANCIAL AID GUIDELINES ARE UTILIZED TO DETERMINE THE QUALIFICATIONS OF EACH RECIPIENT. THE GUIDELINES ARE PUBLISHED IN CONVERSE COLLEGE'S ACADEMIC CATALOG AND COMPLY WITH ELIGIBILITY REQUIREMENTS PUBLISHED BY THE U.S. DEPARTMENT OF EDUCATION AND THE SOUTH CAROLINA DEPARTMENT OF REVENUE. ANNUAL COMPLIANCE AUDITS ARE COMPLETED BY AN INDEPENDENT ACCOUNTING FIRM. THE GRANTS AND SCHOLARSHIPS ARE APPLIED BY THE FINANCIAL AID DEPARTMENT DIRECTLY AGAINST THE STUDENT'S ACCOUNT. X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 KRISTA NEWKIRK JD PRESIDENT 274600 0 0 0 0 0 0 0 27601 0 302201 0 0 0 DR JEFFREY BARKER PROVOST 143650 0 0 0 0 0 0 0 16173 0 159823 0 0 0 KRISTA BOFILL VP INSTITUTIONAL ADVANCEMENT 159996 0 0 0 0 0 0 0 0 0 159996 0 0 0 PART I, LINE 1A ALL OF THE PRESIDENT'S COMPENSATION PACKAGE IS WRITTEN IN HER ANNUAL COMPENSATION CONTRACT AND IS REVIEWED BY THE EXECUTIVE COMMITTEE. THE COLLEGE PROVIDES HOUSING AND WEEKLY HOUSEKEEPING SERVICES TO THE PRESIDENT FOR THE CONVENIENCE OF THE EMPLOYER SO THAT THE PRESIDENT CAN PERFORM ESSENTIAL COLLEGE BUSINESS AND ACTIVITIES AT THE HOME. THESE AMOUNTS ARE NONTAXABLE COMPENSATION AND ARE REPORTED AS SUCH IN SCHEDULE J, PART II, COLUMN D. A SC JOBS ECONOMIC DEVELOPMENT AUTHORITY 570960018 000000000 2014-12-19 35410000 CAPITAL IMPROVEMENTS AND REFINANCE 0 0 0 A 4115000 35410000 708200 699449 34002351 2015 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: SC JOBS ECONOMIC DEVELOPMENT AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 12/19/2014 X 37 1548218 STOCK PRICE 0 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B IN ORDER TO PROTECT THE PRIVACY OF ITS DONORS, A PUBLIC DISCLOSURE COPY OF THE 990 IS PRESENTED TO THE AUDIT COMMITTEE FOR REVIEW AND APPROVAL AND IS PROVIDED TO THE BOARD OF TRUSTEES PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST QUESTIONNAIRES ARE COMPLETED ANNUALLY BY TRUSTEES, OFFICERS, AND KEY EMPLOYEES AND TRANSACTIONS ARE MONITORED BY MANAGEMENT. A BOARD MEMBER DOES RECUSE HIMSELF/HERSELF IN THE EVENT OF A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE REVIEWS THE PRESIDENT'S CONTRACT AND SETS THE COMPENSATION PACKAGE. COMPENSATION DATA IS GATHERED FROM OTHER UNIVERSITIES, PUBLISHED SURVEYS, AND OTHER FORMS 990. THE PRESIDENT ALSO GETS AN EVALUATION FROM THE COMMITTEE. ALL DECISIONS MADE BY THE EXECUTIVE COMMITTEE ARE DISCUSSED IN EXECUTIVE SESSION WITH THE BOARD OF TRUSTEES. THE CHAIRMAN OF THE BOARD OF TRUSTEES GIVES THE VICE PRESIDENT OF FINANCE AND ADMINISTRATION WRITTEN DOCUMENTATION OF THE DISCUSSION AND DECISION OF THE COMPENSATION PACKAGE OF THE PRESIDENT. KEY EMPLOYEES AND OTHER OFFICERS' SALARIES ARE REVIEWED ANNUALLY BY THE PRESIDENT AND THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION SURVEY IS USED TO HELP DETERMINE THEIR COMPENSATION PACKAGES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, AUDITED FINANCIAL STATEMENTS AND KEY POLICIES ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF REMAINDER TRUST AGREEMENTS -1,168,979. STANDARD CHARITABLE REMAINDER UNITRUST (4) TRUST SC N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0