2017-05-01T11:24:38-05:00 2016-06-30 BKD LLP 14241 DALLAS PARKWAY SUITE 1100 DALLAS TX 752542961 990 2015-07-01 720408915 Centenary College of Louisiana % ROBERT BLUE CENT 3188695101 2911 Centenary Boulevard Shreveport LA 71104 ROBERT BLUE VP of Finance 9727028262 2017-05-15 true Jeanette Verrelli P00742631 9727028262 2015 2017-02-10 21:41:12Z CHRISTOPHER HOLOMAN 2911 CENTENARY BOULEVARD SHREVEPORT LA 71104 86501795 false X WWW.CENTENARY.EDU X 1825 LA PROVIDE UNDERGRADUATE AND GRADUATE EDUCATION IN A VARIETY OF PROGRAMS TO APPROXIMATELY 600 UNDERGRADUATE AND 100 GRADUATE STUDENTS. 26 23 602 375 66833 49840 12246914 6467900 18461111 17769210 5728399 -292536 1247849 1200072 37684273 25144646 9456512 9541908 0 0 12366863 11818766 0 0 2010540 10139486 10130355 31962861 31491029 5721412 -6346383 177348775 161355951 21191596 18649121 156157179 142706830 X CENTENARY IS A SELECTIVE LIBERAL ARTS COLLEGE OFFERING UNDERGRADUATE PROGRAMS AND 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 THROUGHOUT THEIR EDUCA false false 22107778 9541908 18618038 PROVIDE UNDERGRADUATE AND GRADUATE EDUCATION IN A VARIETY OF PROGRAMS TO APPROXIMATELY 600 UNDERGRADUATE AND 100 GRADUATE STUDENTS. 22107778 true true false false false false false true false true true false false true true false false true true false false false false false true false false false true true true false false false false false false false false true false true false false false false true true true false false true 142 0 true 602 true true true false false false false true true false false false false X 26 23 false false false false false false false true true false false true true true true true true true false false X ROBERT BLUE 3188695012 2911 CENTENARY BOULEVARD SHREVEPORT LA 71104 X Andrew M Shehee 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 C Ellis Brown Jr Trustee 1.0 0.0 X 0 0 0 Carol Borne Spencer Trustee 1.0 0.0 X 0 0 0 Charles B Simmons Trustee 1.0 0.0 X 0 0 0 Cynthia Harvey Ex-Officio 1.0 0.0 X 0 0 0 Daryl Fultz Trustee 1.0 0.0 X 0 0 0 David Barlow Trustee 1.0 0.0 X 0 0 0 Edward J Crawford III Immediate Past Chair 1.0 0.0 X X 0 0 0 Fred Loy Trustee 1.0 0.0 X 0 0 0 G Archer Frierson II Treasurer 1.0 0.0 X X 0 0 0 George D Nelson Jr Chairman 1.0 0.0 X X 0 0 0 Harry McInnis Trustee 1.0 0.0 X 0 0 0 J Stafford Comegys Trustee 1.0 0.0 X 0 0 0 Jane Hutchinson James Trustee 1.0 0.0 X 0 0 0 John Atkins Trustee 1.0 0.0 X 0 0 0 John F George Jr Secretary 1.0 0.0 X X 0 0 0 Jon Q Petersen Vice Chairman 1.0 0.0 X 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 Percy V Hubbard Trustee 1.0 0.0 X 0 0 0 Thomas E McElroy Trustee 1.0 0.0 X 0 0 0 W Juan Watkins Trustee 1.0 0.0 X 0 0 0 B David Rowe President 40.0 0.0 X X 250765 0 24391 Littleberry C Allen III VP Enrollment and Marketing 40.0 0.0 X 100422 0 9376 Robert S Blue VP for Finance & Admin 40.0 0.0 X 161228 0 8818 Fred J Landry Jr VP for Development 40.0 0.0 X 132432 0 11726 Jenifer K Ward Provost & Dean of the College 40.0 0.0 X 175078 0 13970 Barbara Davis Professor of Accounting 40.0 0.0 X 120167 0 5994 Scott Vetter Professor of Geology 40.0 0.0 X 112989 0 5316 Harold Christensen Professor of Economics 40.0 0.0 X 108077 0 5264 1161158 0 84855 8 false true false SODEXO INC AFFILIATES PO BOX 536922 ATLANTA GA 303536922 FOOD SERVICES 1509600 NATIONAL MANAGEMENT RESOURCE CORPOR PO BOX 1224 LAGRANGE GA 30241 FACILITY SERVICES 1130419 Green Payments Company LLC 10800 Midlothian Turnpike RICHMOND VA 23235 ACH Processing 8491096 RichardsCarlberg Inc 8750 N Central Expressway Suite 20 DALLAS TX 752316437 Advertising Services 373190 STORER EQUIPMENT COMPANY INC PO BOX 6761 SHREVEPORT LA 71136 FACILITY SERVICES 278033 8 X 2695 400805 6064400 2393582 6467900 TUITION & FEES 611710 17769210 17769210 17769210 1586648 1586648 0 121194 33177 88017 248660 103583 145077 0 145077 145077 55307182 350 57169201 17515 -1862019 -17165 -1879184 -1879184 14332 2695 7032 7300 7300 0 4908646 4059818 848828 848828 MISCELLANEOUS INCOME 900099 44017 44017 OIL & GAS INCOME 900099 33656 33656 77673 25144646 18618038 66833 -8125 0 9541908 9541908 0 0 928065 531317 311737 85011 53154 30431 17854 4869 8878805 5083116 2982391 813298 393784 225441 132272 36071 872087 499270 292934 79883 692871 396669 232735 63467 276000 158010 92708 25282 58168 33301 19539 5328 119937 68664 40287 10986 0 0 0 1793043 1026517 602283 164243 0 1058694 543761 427931 87002 137793 78886 46285 12622 0 1694085 969864 569043 155178 1253096 717397 420915 114784 0 0 494823 283286 166211 45326 0 1546674 885471 519528 141675 384881 220344 129282 35255 DUES & MEMBERSHIPS 171159 97989 57492 15678 TUITION REMISSION 128857 73771 43283 11803 TAXES & LICENSES 34626 19823 11631 3172 UNRELATED BUS INCOME TAX 20100 20100 958419 622542 236270 99607 31491029 22107778 7372711 2010540 0 0 2393335 1778163 7065705 3920771 258511 5165739 20000 0 0 0 593427 588699 0 0 292860 359618 74686194 46753564 29010978 27932630 107007976 92610584 73113 39951 0 0 0 0 30632870 28959796 177348775 161355951 4166565 2342064 531705 536638 87687 29833 12797111 12164377 0 0 0 0 1312500 937500 0 0 2296028 2638709 21191596 18649121 X 16996420 12103002 41991873 35362377 97168886 95241451 156157179 142706830 177348775 161355951 X -6346383 -4776941 -2327025 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1193792 X X X X X PUBLIC EDUCATION false 147592306 506656 -5705281 8650537 9782 637125 133096237 144799462 7517349 1306656 5264958 54668 711535 147592306 131896940 573580 17639630 4673150 -1445 638983 144799462 122774143 2445032 12507952 5445468 1964 382755 131896940 125277360 1804075 364073 4121571 55080 494714 122774143 0.13600 0.86400 true false 2329976 2329976 1409125 50945869 31719797 20635197 2906037 1046020 1860017 15431811 13987747 1454094 1653346 1653346 27932630 FUNDS HELD IN TRUST BY OTHERS 28574446 OTHER ASSETS 385350 28959796 0 ASSETS HELD IN CUSTODY 339339 LIABILITY ON ANNUITY CONTRACTS 220714 ASSET RETIREMENT OBLIGATION 2078656 2638709 X 12669205 -4776941 -11868933 -16645874 29315079 -4170433 -4170433 25144646 26119554 4170433 4170433 21949121 9541908 9541908 31491029 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 WITH RETURN: CHANGE IN SPLIT AGREEMENTS $(2,327,025) SCHOLARSHIPS (9,541,908) ----------- TOTAL $(11,868,933) SCHEDULE D, PART XI, LINE 4B RECONCILIATION OF REVENUE PER AUDITED FINANICAL STATEMENTS WITH RETURN: AUXILIARY EXPENSE $(4,059,818) FUNDRAISING EXPENSE (7,032) RENTAL EXPENSE (103,583) ------------ TOTAL $(4,170,433) SCHEDULE D, PART XII, LINE 2D RECONCILIATION OF EXPENSES PER AUDITED FINANCIAL STATEMENTS WITH RETURN: AUXILIARY EXPENSE $4,059,818 FUNDRAISING EXPENSE 7,032 RENTAL EXPENSE 103,583 ---------- TOTAL $4,170,433 SCHEDULE D, PART XII, LINE 4B RECONCILIATION OF EXPENSES PER AUDITED FINANCIAL STATEMENTS WITH RETURN: SCHOLARSHIPS $9,541,908 SCHEDULE D, PART X, LINE 2 LIABILITY FOR UNCERTAIN TAX POSITIONS: The College is exempt from income taxes under Section 501 of the Internal Revenue Code (IRC) and a similar provision of state law. However, the College is subject to federal income tax on any unrelated business taxable income. The College files tax returns in the U.S. federal jurisdiction. The Limited Partnership is not directly subject to income taxes under the provisions of the IRC and applicable state laws. Therefore, taxable income or loss is reported to the individual partners for inclusion in their respective tax returns. Taxes are not material at June 30, 2016 and 2015, and no liability has been recorded. 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. CLC DINNER 17027 2695 14332 4779 2000 253 0 17027 2695 14332 4779 2000 253 7032 7300 true SCHOLARSHIPS AND AWARDS 450 9541908 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 false false Robert S Blue VP for Finance & Admin 159364 0 0 0 1864 0 7976 0 842 0 170046 0 Jenifer K Ward Provost & Dean of the College 172993 0 0 0 2085 0 8724 0 5246 0 189048 0 B David Rowe President 206644 0 0 0 44121 0 11905 0 12486 0 275156 0 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. A LOUISIANA PUBLIC FACILITIES AUTHORITY 720895871 000000000 2011-05-01 14940000 REFINANCE BONDS false false false A 2729634 0 14940000 0 0 0 151882 0 0 0 14788118 0 2013 true false true true A false false false false 0 false false false true A false false false true false false 0 false 0 false true A true SCHEDULE K, PART IV, LINE 2C ARBITRAGE REBATE COMPUTATION: THE COMPUTATION TO DETERMINE THERE IS NO REBATE CURRENTLY DUE WAS PERFORMED JUNE 1, 2016. 0 CHRISTOPHER BROWN BROWN MEMBER ON BOARD 37198 SALARIES/WAGES false LAURA CRAWFORD CRAWFORD OFFICER ON BOARD 15956 SALARIES/WAGES false X 9 2393049 FMV X 1 284 COST X COLLECTION OF PIANO SCORES, APPROX. 30 BOOKS 35-40 1 249 FMV 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 B, LINE 12C PROCESS FOR MONITORING COMPLIANCE WITH CONFLICT OF INTEREST POLICY: MEMBERS OF THE BOARD OF TRUSTEES AND KEY SENIOR ADMINISTRATORS 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 REVIEW OF CEO OR TOP MGMT OFFICIAL COMPENSATION: A REVIEW 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. 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 VII, SECTION A COMPENSATION OF OFFICERS, DIRECTORS, ETC: BOARD MEMBERS CYNTHIA BRAME AND MICHELLE GLAROS RECEIVE COMPENSATION FROM THE ORGANIZATION FOR SERVICES AS FACULTY MEMBERS. THEY DO NOT RECEIVE ANY PART OF THEIR COMPENSATION FOR SERVICES ON THE BOARD OF TRUSTEES. FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS: CHANGE IN SPLIT INTEREST AGREEMENTS (2,327,025) 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 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. 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