2019-05-10T15:24:12-05:00 2018-06-30 570381582 ELLIOTT DAVIS LLCPLLC 1901 MAIN STREET SUITE 900 COLUMBIA SC 29201 990 2017-07-01 570314408 PRESBYTERIAN COLLEGE PRES 8648338205 PO BOX 975 CLINTON SC 29325 ROBERT STATON PRESIDENT 8648338205 2019-05-10 1 DENISE P HILL P00046615 8032560002 2019-05-09 104.129.204.64 2019-05-10 11:06:50 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 C9520C96C1773AB04EF2131478939B2DDAC6E37B 2017 2019-02-21 02:37:17Z ROBERT STATON 503 S BROAD STREET CLINTON SC 29325 89622372 0 X WWW.PRESBY.EDU X 1880 SC PRESBYTERIAN COLLEGE EXISTS TO PROVIDE AN EDUCATION IN THE ARTS AND SCIENCES WITHIN A DISTINCTLY CHRISTIAN CONTEXT. THE LIBERAL ARTS TRADITION CAN BE ACHIEVED SUCCESSFULLY ONLY THROUGH AN ACADEMIC PROGRAM WHICH IS CHARACTERIZED BY EXCELLENCE AND THROUGH ACTIVITIES WHICH CONTRIBUTE TO GROWTH OF ABLE MINDS, SOUND BODIES, AND STRONG MORAL CHARACTER. THE COLLEGE CALLS FOR THE PURSUIT OF LEARNING TO TAKE PLACE IN AN ENVIRONMENT OF GENUINE INTELLECTUAL FREEDOM. PRESBYTERIAN COLLEGE SCHOOL OF PHARMACY PROVIDES PHARMACY EDUCATION WITH A LIBERAL ARTS COLLEGE APPROACH, INTEGRATING CLASSROOM LEARNING WITH PRACTICAL EXPERIENCE WHILE EMPHASIZING COMMUNITY, VALUING EACH STUDENT, AND FOCUSING ON PATIENT CARE. 26 26 850 250 3150820 3145820 7105928 5190220 59183246 57274853 3464425 10279437 409604 532826 70163203 73277336 24066818 23827910 0 0 22414896 22862970 0 0 1140892 20879189 22451173 67360903 69142053 2802300 4135283 185856484 189170118 45590897 45571269 140265587 143598849 X PRESBYTERIAN COLLEGE IS A PRIVATE, RESIDENTIAL, FOUR-YEAR LIBERAL ARTS COLLEGE LOCATED ON A BEAUTIFUL 240-ACRE CAMPUS IN CLINTON, SOUTH CAROLINA. WITH SMALL CLASSES AND FACULTY WHO WANT THE BEST FOR THEIR STUDENTS, OUR SUPPORTIVE COMMUNITY PROVIDES MORE THAN AN EXCEPTIONAL LIBERAL ARTS EDUCATION. PC EMPOWERS STUDENTS TO BE SERVANT LEADERS IN THEIR COMMUNITIES THROUGH CHALLENGING ACADEMICS AND A CULTURE OF HONOR AND ETHICS. SINCE 1880 PC HAS BEEN INSPIRING STUDENTS TO "BE INSPIRED FOR LIFE". BE INSPIRED FOR LIFE IS ABOUT THE TRANSFORMATIVE PROCESS OF FINDING YOUR PASSION, AND LEARNING HOW TO LEARN AND GROW THROUGH EXPERIENCES AND RELATIONSHIPS. OUR COMMITMENT TO A STRONG LIBERAL ARTS CURRICULUM DEVELOPS CRITICAL THINKING SKILLS ACROSS DISCIPLINES, AND MAKES PC GRADUATES WELL-ROUNDED, THOUGHTFUL AND INTELLIGENT CONTRIBUTORS IN SOCIETY. OUR RIGOROUS ACADEMICS PROMOTE EXCELLENCE AND SUCCESS, WITH 90 PERCENT OF OUR STUDENTS IN GRADUATE PROGRAMS OR HAVE SECURED JOBS WITHIN SIX MONTHS OF GRAD 0 0 61830320 23827910 57282525 PRESBYTERIAN COLLEGE IS A PRIVATE, RESIDENTIAL, FOUR-YEAR LIBERAL ARTS COLLEGE. WITH SMALL CLASSES AND FACULTY WHO WANT THE BEST FOR THEIR STUDENTS, OUR SUPPORTIVE COMMUNITY PROVIDES MORE THAN AN EXCEPTIONAL LIBERAL ARTS EDUCATION. PC EMPOWERS STUDENTS TO BE SERVANT LEADERS IN THEIR COMMUNITIES THROUGH CHALLENGING ACADEMICS AND A CULTURE OF HONOR AND ETHICS. THE MISSION OF THE SCHOOL OF PHARMACY AT PRESBYTERIAN COLLEGE IS TO IMPROVE THE HEALTH OF SOUTH CAROLINIANS AND SOCIETY IN GENERAL BY DEVELOPING PHARMACY STUDENTS WITH AN UNWAVERING ETHICAL FOUNDATION WHO WILL POSITIVELY IMPACT THE DELIVERY OF QUALITY, EQUITABLE PHARMACY CARE; WHO WILL DEDICATE THEIR LIVES TO COMMUNITY SERVICE; AND WHO WILL PROVIDE ENLIGHTENED LEADERSHIP IN ADDRESSING THE HEALTH CARE NEEDS OF A DIVERSE PATIENT POPULATION. 61830320 1 1 0 1 0 0 0 1 0 1 1 1 0 1 1 1 0 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 1 0 1 1 0 0 0 0 1 0 0 0 1 143 0 850 1 1 1 1 CJ EI 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 DAWN DURHAM 8648338477 ON CAMPUS CLINTON SC 29325 MR BRAD BRYANT BOARD MEMBER 1.00 X 0 0 0 MR WILLIE COOPER BOARD MEMBER 1.00 X 0 0 0 MR KEN COUCH BOARD MEMBER 1.00 X 0 0 0 MR DEW HARTWELL BOARD MEMBER 1.00 X 0 0 0 MR TOM FREE BOARD MEMBER 1.00 X 0 0 0 MR JOHN INMAN BOARD MEMBER 1.00 X 0 0 0 MR JOHN JESLENIK BOARD MEMBER 1.00 X 0 0 0 MR WILL KUHNE BOARD MEMBER 1.00 X 0 0 0 MR EG LASSITER CHAIR 1.00 X 0 0 0 MR TOMMY LAWSON VICE CHAIR 1.00 X 0 0 0 MR BILL LOEBLE BOARD MEMBER 1.00 X 0 0 0 MS TAM MILTON BOARD MEMBER 1.00 X 0 0 0 MS ANN TAYLOR MORGAN BOARD MEMBER 1.00 X 0 0 0 MS JILL MOYLAN BOARD MEMBER 1.00 X 0 0 0 MR DANNY MURPHY BOARD MEMBER 1.00 X 0 0 0 MR WES NALLEY BOARD MEMBER 1.00 X 0 0 0 MR DAVID PARKER BOARD MEMBER 1.00 X 0 0 0 MR JERRI PARRIS PERKINS BOARD MEMBER 1.00 X 0 0 0 MR TED PITTS BOARD MEMBER 1.00 X 0 0 0 MR HOLBROOK RAYNAL BOARD MEMBER 1.00 X 0 0 0 MS BRITTANY REESE BOARD MEMBER 1.00 X 0 0 0 MR STAN REID BOARD MEMBER 1.00 X 0 0 0 MS RUTH ROPER BOARD MEMBER 1.00 X 0 0 0 MS LOISE SLATER SECRETARY 1.00 X 0 0 0 MR BRAD SPEARMAN BOARD MEMBER 1.00 X 0 0 0 MR ROBERT VINGI BOARD MEMBER 1.00 X 0 0 0 LAVERNE CLIFTON FUHRMAN DEAN OF SCHOOL OF PHARMACY 40.00 X 200370 0 20614 JOY SMITH VICE PRESIDENT OF CAMPUS L 40.00 X 116698 0 8755 SUSAN MADDUX VICE PRESIDENT OF FINANCE 40.00 X 169412 0 17796 BARBARA FAYAD VP OF HUMAN RESOURCES 40.00 X 99155 0 12595 DON RABER PROVOST 40.00 X 132486 0 20585 ROBERT STATON PRESIDENT 40.00 X 276185 0 0 JACQUELINE BERKSHIRE VP OF ADVANCEMENT 40.00 X 65569 0 4779 SUZANNE PETRUSCH VP OF ENROLLMENT & FINANCIAL AID 40.00 X 159001 0 12361 DANNY STERLING DIRECTOR OF ATHLETICS 40.00 X 74690 0 4844 JACK FINCHAM PROFESSOR 40.00 X 148236 0 17759 JOE WEBER DIRECTOR OF PHYSICIAN ASSISTANT PROGRAM 40.00 X 137883 0 11111 LAURA FOX PROFESSOR 40.00 X 128454 0 18452 JULIE SEASE PROFESSOR 40.00 X 139581 0 14815 THOMAS SPANGLER HEAD FOOTBALL COACH 40.00 X 125824 0 14456 1973544 0 178922 23 0 1 0 HARPER CORPORATION 35 W COURT ST SUITE 400 GREENVILLE SC 29601 CONSTRUCTION 3518773 ARAMARK ARAMARK DALLAS LOCKBOX PO BOX 9788 DALLAS TX 753978839 DINING SERVICES 2587718 THE BUDD GROUP PO BOX 890856 CHARLOTTE NC 282890856 FACILITIES 1213417 WALDROP INC PO BOX 369 REIDVILLE SC 293750369 FACILITIES 712723 YOUNG OFFICE ENVIRONMENTS 1280 RIDGE ROAD GREENVILLE SC 29607 FURNITURE AND FIXTURES 527541 17 569848 4620372 893000 5190220 TUITION, ROOM, AND BOARD 611310 55026078 55026078 ATHLETIC REVENUE 611310 1533143 1475442 57701 OTHER REVENUE 611310 625384 601548 23836 SUMMER CONFERENCES 532000 90248 90248 57274853 2584002 2584002 8061 8061 49920 0 49920 49920 49920 21294559 2683647 16282771 0 5011788 2683647 7695435 2683647 5011788 147587 62265 85322 85322 STANDARD CANDY K1 900099 385636 385636 NATIONAL COLLEGIATE TRUSTS K-1 900099 3887 3887 389523 73277336 57282525 3150820 7653771 23827910 23827910 1411212 1042413 234184 134615 17157704 15860133 708261 589310 1007958 900219 80595 27144 1994355 1702417 199702 92236 1291741 1130858 110663 50220 113671 87351 26320 88815 66611 22204 411432 411432 3172148 2441194 704805 26149 88756 70564 15606 2586 2061763 1661098 327151 73514 582908 503770 49242 29896 2783938 2124153 656155 3630 1823167 1531484 277815 13868 71461 57147 8333 5981 1356100 1157652 191783 6665 2877988 2165815 712173 727107 582961 139475 4671 DINING HALL AND FOOD CH 2608499 1947296 604724 56479 OTHER EXPENSES 2197539 1742086 428234 27219 REPAIRS AND MAINTENANCE 1474373 1220951 256713 -3291 BAD DEBT EXPENSE 11508 6237 5271 69142053 61830320 6170841 1140892 3711102 3255675 15903653 16889761 3247660 2019322 767051 336491 1078067 1055502 35786 36235 339490 210886 126853350 59941480 62451754 66911870 55609973 58307146 31873375 29422747 10838573 10724483 185856484 189170118 5841965 5475024 933747 1897258 30893215 29768654 1325657 4636756 6596313 3793577 45590897 45571269 X 33857548 38706870 14835400 12557057 91572639 92334922 140265587 143598849 185856484 189170118 X 4135283 692151 -1494172 X 0 1 X 1 1 1 X 1 0 0 1 0 0 1 0 0 0 0 PART II-B, LINE 1: PRESBYTERIAN COLLEGE, AS ONE OF TWENTY MEMBERS OF THE SOUTH CAROLINA INDEPENDENT COLLEGES AND UNIVERSITIES (SCICU) AND IN CONJUNCTION WITH THE SOUTH CAROLINA HIGHER EDUCATION TUITION GRANTS COMMISSION, PARTICIPATES IN THE TUITION GRANTS AWARENESS PROGRAM SPONSORED BY THESE TWO ORGANIZATIONS. THE COLLEGE STUDENTS TAKE PART IN AN ANNUAL WRITING CAMPAIGN, SHARING WITH THEIR RESPECTIVE STATE LEGISLATORS THE BENEFITS THAT TUITION GRANTS HAVE AFFORDED THE STUDENTS. THESE LETTERS PRECEDE THE SOUTH CAROLINA INDEPENDENT COLLEGE AND UNIVERSITY DAY PROCLAIMED EACH SPRING BY THE GOVERNOR WHEN SEVERAL PC STUDENTS VISIT THE STATE HOUSE AS GUESTS ALONG WITH OTHER STUDENTS FROM SCICU MEMBER INSTITUTIONS. A RECEPTION SPONSORED BY SCICU AFFORDS THE STUDENTS AN OPPORTUNITY TO MEET THEIR LEGISLATORS, AND THEY ARE ALSO RECOGNIZED AS SPECIAL GUESTS IN BOTH THE HOUSE AND SENATE CHAMBERS. 3763877 X X 0 90184620 734380 6821297 5885000 342815 91512482 83401469 1445122 11703866 3854270 2108792 402795 90184600 90068862 764293 -861373 4016781 2146386 407146 83401469 92030809 2121108 1852572 3533803 1956496 445328 90068862 83445435 1082543 12916054 3236316 1872182 304725 92030809 0.10300 0.89700 1 0 4794117 4794117 101508007 59941480 41566527 13430411 13430411 7120815 7120815 66911870 29422747 C 29422747 TRUST FUND ASSETS 5254392 CONTRIBUTIONS RECEIVABLE FROM TRUSTS 1056821 OTHER ASSETS 649393 COLLECTIONS 3763877 10724483 ADVANCES FROM FEDERAL GOVERNMENT 781314 CAPITAL LEASE OBLIGATIONS 671097 SWAP CONTRACTS 143984 RESERVE FOR GATE LOAN 820000 OTHER LONG TERM LIABILITIES 1175216 OTHER CURRENT LIABILITIES 201966 3793577 X 48298238 692151 692151 47606087 411432 25259817 25671249 73277336 44964976 0 44964976 411432 23765645 24177077 69142053 PART III, LINE 4: THE COLLEGE'S COLLECTIONS ARE MADE UP OF ARTIFACTS OF HISTORICAL SIGNIFICANCE AND ART OBJECTS. THESE COLLECTIONS ARE HELD FOR PUBLIC EXHIBITIONS, EDUCATION, AND RESEARCH. PART V, LINE 4: THE COLLEGE'S ENDOWMENT CONSISTS OF APPROXIMATELY 750 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING SCHOLARSHIPS AND SUPPORT OF ACADEMIC AND SPORTS PROGRAMS. PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE COLLEGE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3). DUE TO THIS DETERMINATION, THE COLLEGE IS ALSO EXEMPT FROM STATE INCOME TAXES. THE COLLEGE IS SUBJECT TO FEDERAL AND STATE INCOME TAX ON ITS NET UNRELATED BUSINESS INCOME. THE COLLEGE ADOPTED THE PROVISIONS OF FASB GUIDANCE ON INCOME TAXES RELATED TO THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THIS GUIDANCE CLARIFIES ACCOUNTING FOR UNCERTAINTY IN A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN BY AN ENTITY AND HENCE IN THE INCOME TAXES RECOGNIZED IN FINANCIAL STATEMENTS. ESSENTIALLY, THE COLLEGE WOULD RECORD A LIABILITY IF IT TOOK A POSITION ABOUT TAXES DUE THAT WAS LIKELY TO BE DISPUTED AND HAD A REASONABLE CHANCE OF BEING OVERRULED BY A TAXING AUTHORITY. MANAGEMENT BELIEVES THERE ARE NO SUCH POSITIONS AS OF JUNE 30, 2018 AND 2017 AND ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. TAX YEARS ENDED JUNE 30, 2015 OR LATER REMAIN OPEN TO EXAMINATION BY TAXING AUTHORITY. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED WITH REVENUE ON THE FINANCIAL STATEMENTS 23,827,910. K-1 INCOME NOT INCLUDED ON FINANCIAL STATEMENTS 1,494,172. COST OF GOODS SOLD NETTED WITH REVENUE -62,265. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED WITH REVENUE ON THE FINANCIAL STATEMENTS 23,827,910. COST OF GOODS SOLD NETTED WITH REVENUE -62,265. 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 PUBLISHES IN THE OFFICIAL RECRUITING LITERATURE THE FOLLOWING: PRESBYTERIAN COLLEGE DOES NOT DISCRIMINATE AGAINST ANY APPLICANT OR STUDENT ON THE BASIS OF RACE, SEX, RELIGION, NATIONAL ORIGIN OR HANDICAP. SCHEDULE E, PART I, LINE 6 PRESBYTERIAN COLLEGE STUDENTS MAY RECEIVE TITLE IV AID, FEDERAL LOANS, AND/OR SC TUITION GRANT ASSISTANCE. YUCATAN 0 2 EDUCATIONAL PROGRAM STUDENT AND FACULTY TRAVEL 45459 COSTA RICA 0 2 EDUCATIONAL PROGRAM STUDENT AND FACULTY TRAVEL 80302 SOUTH PACIFIC 0 2 EDUCATIONAL PROGRAM STUDENT AND FACULTY TRAVEL 25469 CUBA 0 2 EDUCATIONAL PROGRAM STUDENT AND FACULTY TRAVEL 70729 CENTRAL EUROPE 0 2 EDUCATIONAL PROGRAM STUDENT AND FACULTY TRAVEL 86221 0 10 0 0 0 10 308180 0 308180 0 0 0 0 0 0 PART I, LINE 3: THE ORGANIZATION USES ITS STANDARD ACCOUNTING METHOD TO RECORD THESE EXPENDITURES. 1 SCHOLARSHIPS TO ATTEND PRESBYTERIAN COLLEGE 948 23827910 PART I, LINE 2: PRESBYTERIAN COLLEGE AWARDS SCHOLARSHIPS, GRANTS, AND LOANS TO ITS STUDENTS. THE PROCEDURES FOR MONITORING THE USE OF THE FUNDS ARE PART OF THE FINANCIAL AID GUIDELINES AND THEY ARE UTILIZED TO DETERMINE THE QUALIFICATIONS OF THE RECIPIENT. THE GUIDELINES ARE PUBLISHED IN THE PRESBYTERIAN COLLEGE ACADEMIC CATALOG AND COMPLY WITH THE ELIGIBILITY REQUIREMENTS PUBLISHED BY THE US DEPARTMENT OF EDUCATION AND THE SC DEPARTMENT OF REVENUE. COMPLIANCE AUDITS ARE ALSO COMPLETED ANNUALLY BY AN INDEPENDENT ACCOUNTING FIRM. THE GRANTS AND SCHOLARSHIPS AWARDED ARE APPLIED DIRECTLY TO THE STUDENTS' ACCOUNTS. X X 1 1 X X X 0 0 0 0 0 0 0 0 0 LAVERNE CLIFTON FUHRMAN DEAN OF SCHOOL OF PHARMACY 200370 0 0 0 0 0 15453 0 5161 0 220984 0 0 0 SUSAN MADDUX VICE PRESIDENT OF FINANCE 169412 0 0 0 0 0 12635 0 5161 0 187208 0 0 0 DON RABER PROVOST 132486 0 0 0 0 0 10546 0 10039 0 153071 0 0 0 ROBERT STATON PRESIDENT 276185 0 0 0 0 0 0 0 0 0 276185 0 0 0 SUZANNE PETRUSCH VP OF ENROLLMENT & FINANCIAL AID 159001 0 0 0 0 0 7200 0 5161 0 171362 0 0 0 JACK FINCHAM PROFESSOR 148236 0 0 0 0 0 9242 0 8517 0 165995 0 0 0 JULIE SEASE PROFESSOR 139581 0 0 0 0 0 9654 0 5161 0 154396 0 0 0 PART I, LINE 1A ROBERT STATON, PRESIDENT OF PREBYTERIAN COLLEGE, IS PROVIDED A HOUSE AND CAR. THE COLLEGE PROVIDES HOUSING TO THE PRESIDENT FOR THE CONVENIENCE OF THE EMPLOYER SO THAT THE PRESIDENT CAN PERFORM ESSENTIAL COLLEGE BUSINESS AND ACTIVITIES AT THE HOME. CLUB MEMBERSHIP IS USED TO ENTERTAIN DONORS AND OTHERS FOR COLLEGE BUSINESS. A SC JOBS ECONOMIC DEVELOPMENT AUTHORITY 570960018 CUSIPNONE 2015-06-30 33247000 REFUND 32,992,000 BOND 0 0 0 A 33247000 255000 32992000 1 0 1 1 A 0 0 0 0 1 0 1 A 0 1 1 0 1 1 SUNTRUST 10.000000000000 0 0 0 0 1 A 1 14250 FINANCIAL AID FOR CHILDREN OF BOARD MEMBERS ASSISTANCE RECEIVED FOLLOWS THE GUIDELINES OTHERS ARE REQUIRED TO ADHERE TO 90666 TUTION REMISSION FOR FAMILY OF OFFICERS AND HIGHEST COMPENSATION ASSISTANCE RECEIVED FOLLOWS THE GUIDELINES OTHERS ARE REQUIRED TO ADHERE TO BB&T INSURANCE THOMAS R. PARRISH, TRUSTEE, IS REGIONAL PRESIDENT OF BB&T INSURANCE 472378 THE COLLEGE PURCHASED INSURANCE FROM BB&T INSURANCE. ALL TRANSACTIONS WERE AT ARM'S LENGTH AND FAIR MARKET VALUE. 0 X 94 893000 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE INSTITUTIONS FORM 990 IS REVIEWED BY THE COLLEGE'S CONTROLLER, THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION, AND THE PRESIDENT. THE FORM 990, INCLUDING ALL SCHEDULES, IS PROVIDED TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES AND IS AN AGENDA ITEM FOR A MEETING OF THE AUDIT COMMITTEE, WHERE THOSE TRUSTEES ASK ANY QUESTIONS THEY HAVE OF THE COLLEGE STAFF. THE TRUSTEES OF THE AUDIT COMMITTEE ARE INDEPENDENT AND EXPERIENCED IN FINANCIAL MATTERS. THE INSTITUTION PROVIDES THE FINAL FORM 990 AND ALL SCHEDULES EXCEPT SCHEDULE B TO ALL VOTING MEMBERS OF THE GOVERNING BOARD BEFORE THE FORM IS FILED. (A REDACTED VERSION OF SCHEDULE B, EXCLUDING DONOR NAMES AND ADDRESSES IS PROVIDED TO ALL TRUSTEES TO PROTECT DONOR PRIVACY. AUDIT COMMITTEE MEMBERS, HOWEVER, WOULD HAVE ALREADY REVIEWED THE UN-REDACTED VERSION OF SCHEDULE B, AS NOTED ABOVE). FORM 990, PART VI, SECTION B, LINE 12C BOARD OF TRUSTEES, COLLEGE OFFICERS, AND OTHER EMPLOYEES COMPLETE A CONFLICT OF INTEREST FORM ON AN ANNUAL BASIS. FORMS ARE REVIEWED BY THE COLLEGE PRESIDENT AND THE VICE PRESIDENT OF FINANCE AND ADMINISTRATION. BOARD MEMBERS WITH CONFLICTS RECUSE THEMSELVES FROM RELATED DECISIONS. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT'S COMPENSATION IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES AFTER REVIEWING END OF THE YEAR EVALUATIONS. THE PROCESS IS PART OF A TWO DAY MEETING IN AUGUST. SALARY IS COMPARED WITH CUPA DATA FOR A COMPARISON SET OF SCHOOLS. OFFICER SALARIES ARE DETERMINED BY THE COLLEGE PRESIDENT BASED ON MID-YEAR AND END OF YEAR EVALUATIONS OF SATISFACTORY ACHIEVEMENT OF GOALS AND OBJECTIVES, AND CUPA DATA FOR A COMPARISON GROUP OF SCHOOLS FOR SIMILIAR POSITIONS IS ALSO CONSIDERED. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE'S GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS ARE AVAILBLE FOR INSPECTION. FORM 990, PART XI, LINE 9: K-1 ACTIVITY NOT ON THE FINANCIALS -1,494,172. PRESBYTERIAN COLLEGE FOUNDATION PO BOX 975 CLINTON SC 29325 571021640 HOLD AND MANAGE PLANNED GIFTS FOR THE BENEFIT OF THE COLLEGE SC 501(C)(3) LINE 12C, III-FI N/A 0 PRESBYTERIAN REAL ESTATE FOUNDATION PO BOX 975 CLINTON SC 29325 571021641 HOLD AND MANAGE REAL ESTATE GIFTS FOR THE BENEFIT OF THE COLLEGE SC 501(C)(3) LINE 12C, III-FI N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0