2019-05-10T15:21:47-05:00 2018-06-30 560574444 CHERRY BEKAERT LLP 1111 METROPOLITAN AVE STE 900 CHARLOTTE NC 28204 990 2017-07-01 570314380 CONVERSE COLLEGE CONV 8645969000 580 EAST MAIN STREET SPARTANBURG SC 29302 KRISTA NEWKIRK PRESIDENT 8645969000 2019-05-01 1 AMANDA ADAMS P00748038 7043771678 38.142.98.34 2019-05-01 11:56:09 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 18694F53AD11E15FFCEA276DE93F63B2E746D691 2017 2019-02-21 02:37:17Z KRISTA NEWKIRK 580 EAST MAIN STREET SPARTANBURG SC 29302 61366197 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. 26 26 740 26 0 0 6143799 5995564 23838865 24373032 4065729 2601145 10314 3190 34058707 32972931 3752134 4307742 0 0 14747411 14817288 0 0 1654058 14760825 13767222 33260370 32892252 798337 80679 163488628 164723252 40154173 37058218 123334455 127665034 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 22407461 4307742 18885220 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. 4141663 5487812 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. 26549124 1 1 0 0 0 0 0 1 0 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 82 0 1 740 1 0 0 0 0 0 0 0 0 0 0 X 26 26 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X DIANNE CROCKER CONTROLLER 8645969028 580 EAST MAIN STREET SPARTANBURG SC 29302 KIM KENT CHAIR 1.00 X X 0 0 0 PHYLLIS HARRIS VICE CHAIR 1.00 X X 0 0 0 MARSHA GIBBS SECRETARY 1.00 X X 0 0 0 ELLEN ASHERMAN TRUSTEE 1.00 X 0 0 0 LAURA BAUKNIGHT TRUSTEE 1.00 X 0 0 0 MARY BOYD TRUSTEE 1.00 X 0 0 0 RANDALL CHAMBERS TRUSTEE 1.00 X 0 0 0 CHRISTI EPPS TRUSTEE 1.00 X 0 0 0 KEN HOWARD TRUSTEE 1.00 X 0 0 0 ANN JACKSON TRUSTEE 1.00 X 0 0 0 THE HONORABLE DEADRA JEFFERSON TRUSTEE 1.00 X 0 0 0 DAVID JOHNSON TRUSTEE 1.00 X 0 0 0 DR ROSE JOHNSTON TRUSTEE 1.00 X 0 0 0 LILLIAN LILLY TRUSTEE 1.00 X 0 0 0 FAIN MCDANIEL TRUSTEE 1.00 X 0 0 0 ERICA MOORE TRUSTEE 1.00 X 0 0 0 AMY MORALES TRUSTEE 1.00 X 0 0 0 SANDRA MORELLI TRUSTEE 1.00 X 0 0 0 PATRICK O'SHAUGHNESSY TRUSTEE 1.00 X 0 0 0 RICHARD PENNELL JR TRUSTEE 1.00 X 0 0 0 JAYNE REUBEN PHD TRUSTEE 1.00 X 0 0 0 MIKE RUSS TRUSTEE 1.00 X 0 0 0 ALLEN SMITH TRUSTEE 1.00 X 0 0 0 JULIE STAGGS TRUSTEE 1.00 X 0 0 0 DWIGHT VAN INWEGEN TRUSTEE 1.00 X 0 0 0 SUSAN WEAN TRUSTEE 1.00 X 0 0 0 KRISTA NEWKIRK JD PRESIDENT 40.00 X 268708 0 43108 DR JEFFREY BARKER PROVOST 40.00 X 135115 0 35513 KRISTA BOFILL VP INSTITUTIONAL ADVANCEMENT 40.00 X 79998 0 12000 ROBIN LESLIE VP FINANCE & ADMINISTRATION 40.00 X 75819 0 10984 MICHAEL KENNEDY ASSISTANT VP FOR PHILANTHROPY 40.00 X 116116 0 25990 JOE DUNN PROFESSOR 40.00 X 100049 0 12822 775805 0 140417 4 0 1 0 THE BUDD GROUP INC PO BOX 890856 CHARLOTTE NC 282890856 FACILITIES 1801414 SODEXO DINING 580 E MAIN STREET SPARTANBURG SC 29302 DINING SERVICES 1688273 FHEG CONVERSE COLLEGE FOLLETT 3146 SOLUTIONS CENTER CHICAGO IL 60605 CAMPUS BOOKSTORE 175966 EXPLORE UP CLOSE 613 POPULAR STREET SPARTANBURG SC 29302 TRAVEL AGENCY FOR STUDENTS 168810 JENZABAR INC PO BOX 55018 BOSTON MA 022055018 SOFTWARE 157723 10 893881 5101683 395079 5995564 TUITION AND FEES 611710 18509994 18509994 ROOM AND BOARD 532000 5487812 5487812 ALUMNAE/CAMPUS LIFE 900099 137805 137805 SUMMER WORKSHOPS 532000 82919 82919 154502 154502 24373032 928615 928615 257627 254437 3190 3190 3190 29631976 179383 27935724 203105 1696252 -23722 1672530 1672530 32972931 24373032 0 2604335 4307742 4307742 710436 255778 317358 137300 11838127 9470502 1775719 591906 1370740 1096592 205611 68537 897985 718388 134698 44899 32191 32191 89930 89930 266520 266520 2342663 1756998 351399 234266 241438 169006 36216 36216 448993 359194 67349 22450 1196574 1017088 119657 59829 134611 114419 13461 6731 1209976 1028479 120998 60499 2565361 2180558 256535 128268 427848 427848 FOOD SERVICE 1587074 1349013 158707 79354 MAINTENANCE CONTRACTED 456944 388403 45694 22847 STUDENT PROGRAMS 235240 199954 23524 11762 UPGRADES/RENOVATIONS 164869 140139 16487 8243 2366990 1996871 229168 140951 32892252 26549124 4689070 1654058 3682242 4548699 11308819 11040046 5963579 5209526 200393 322465 1158089 1051161 151360 106670 102829733 51834690 52834344 50995043 42239147 46048618 29816967 28035617 16133688 17365407 163488628 164723252 2615320 2560969 473882 452619 32800325 31784833 2577062 759126 1687584 1500671 40154173 37058218 X 36744708 38745240 16931242 17317643 69658505 71602151 123334455 127665034 163488628 164723252 X 80679 2895977 1353923 X 0 1 X 1 1 1 X X X X 0 76725203 1092187 5087889 4165593 78739686 70303052 2304955 8125647 4008451 76725203 73914841 1671917 -896292 4387414 70303052 75135401 897778 2193173 4311511 73914841 68290135 1436627 9666773 4258134 75135401 0.09060 0.90940 0.00000 0 0 1877496 1877496 81572226 36878703 44693523 19294011 14955987 4338024 86000 86000 50995043 HEDGE FUNDS 22102734 F LIMITED PARTNERSHIPS 5932883 F 28035617 CONTRIBUTIONS RECEIVABLE FROM CRT'S 12598322 PERPETUAL TRUST HELD BY THIRD PARTY 4586085 MISCELLANEOUS RECEIVABLES 6000 PROPERTY HELD FOR SALE 175000 17365407 POST-RETIREMENT BENEFITS 60850 OBLIGATIONS FROM SPLIT INTEREST AGREEMENTS 134962 REVOLVING PERKINS LOAN LIABILITY 1092827 ASSET RETIREMENT OBLIGATION 212032 1500671 X 32903004 2895977 1608360 4504337 28398667 266522 4307742 4574264 32972931 28572425 254437 254437 28317988 266522 4307742 4574264 32892252 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 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, 2018 OR 2017. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF REMAINDER TRUST AGREEMENTS 1,353,923. RENTAL EXPENSES 254,437. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 4,307,742. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 254,437. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 4,307,742. 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. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 13619005 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES TRAVEL ABROAD PROGRAM 170038 0 0 0 0 0 0 13789043 0 13789043 1 0 1 1 1 0 SCHEDULE F, PART I AMOUNTS REPORTED IN SCHEDULE F PART I ARE ON THE ACCRUAL BASIS. SCHEDULE F, 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 722 4307742 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 268708 0 0 0 0 0 12720 0 30388 0 311816 0 0 0 DR JEFFREY BARKER PROVOST 135115 0 0 0 0 0 14365 0 21148 0 170628 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 COMPENSATION 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 3035000 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 29 395079 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 COMPENSATION 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 COMPENSATION 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 1,353,923. 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