SHERMAN COLLEGE OF STRAIGHT CHIROPRACTIC INC: Form 990, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- SHERMAN COLLEGE OF STRAIGHT CHIROPRACTIC INC (EIN 23-7242844)
- Tax period
- 2015-01-01 to 2015-12-31
- Filed
- 2016-04-11
- IRS object ID
- 201601029349301250
- Schema version
- 2015v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule I
- Schedule J
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2016-04-11T18:21:18-05:00 | ReturnTs |
| Tax Period End | 2015-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 570969493 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NORMAN JOHNSON & CO PA | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 191 N DANIEL MORGAN AVENUE | AddressLine1Txt |
| City | SPARTANBURG | CityNm |
| State Abbreviation | SC | StateAbbreviationCd |
| ZIP | 29306 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2015-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237242844 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SHERMAN COLLEGE OF STRAIGHT | BusinessNameLine1Txt |
| Business Name Line2 | CHIROPRACTIC | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SHER | BusinessNameControlTxt |
| Phone | 8645788770 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1452 | AddressLine1Txt |
| City | SPARTANBURG | CityNm |
| State Abbreviation | SC | StateAbbreviationCd |
| ZIP | 29304 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KAREN CANUP | PersonNm |
| Person Title | VP BUSINESS/FINANCE | PersonTitleTxt |
| Phone | 8645788770 | PhoneNum |
| Signature | 2016-03-31 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | GARY J JOHNSON CPA | PreparerPersonNm |
| PTIN | P00021916 | PTIN |
| Phone | 8645738623 | PhoneNum |
| Preparation | 2016-04-06 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2016-09-27 15:27:22Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | EDWIN CORDERO DC | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 399 CROW ROAD | AddressLine1Txt |
| City | CHESNEE | CityNm |
| State Abbreviation | SC | StateAbbreviationCd |
| ZIP | 29323 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $15,702,430 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | HTTP://WWW.SHERMAN.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1973 | FormationYr |
| Legal Domicile State | SC | LegalDomicileStateCd |
| Activity Or Mission | EDUCATE, GRADUATE, AND SUPPORT COMPETENT, COMPASSIONATE, ETHICAL AND SUCCESSFUL DOCTORS OF CHIROPRACTIC WHO EXCEL AS PRIMARY HEALTH CARE PROVIDERS CENTERED ON VERTEBRAL SUBLUXATION. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 254 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $732,514 | PYContributionsGrantsAmt |
| CY Contributions Grants | $561,805 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $9,226,841 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $11,084,310 | CYProgramServiceRevenueAmt |
| PY Investment Income | $542,505 | PYInvestmentIncomeAmt |
| CY Investment Income | $201,143 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$15,678 | PYOtherRevenueAmt |
| CY Other Revenue | -$43,887 | CYOtherRevenueAmt |
| PY Total Revenue | $10,486,182 | PYTotalRevenueAmt |
| CY Total Revenue | $11,803,371 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $533,915 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $470,755 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $5,250,000 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $5,906,092 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $178,832 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $2,618,565 | PYOtherExpensesAmt |
| CY Other Expenses | $3,177,040 | CYOtherExpensesAmt |
| PY Total Expenses | $8,402,480 | PYTotalExpensesAmt |
| CY Total Expenses | $9,553,887 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $2,083,702 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $2,249,484 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $14,517,533 | TotalAssetsBOYAmt |
| Total Assets EOY | $16,494,787 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $1,585,870 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,581,920 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $12,931,663 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $14,912,867 | NetAssetsOrFundBalancesEOYAmt |
| Mission | EDUCATE, GRADUATE, AND SUPPORT COMPETENT, COMPASSIONATE, ETHICAL AND SUCCESSFUL DOCTORS OF CHIROPRACTIC WHO EXCEL AS PRIMARY HEALTH CARE PROVIDERS CENTERED ON VERTEBRAL SUBLUXATION. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $7,372,405 | ExpenseAmt |
| Grant | $470,755 | GrantAmt |
| Desc | EDUCATIONAL SERVICES FOR STRAIGHT CHIROPRACTIC STUDENTS. APPROXIMATELY 359 STUDENTS SERVED ON A FULL-TIME BASIS. PROVIDED EDUCATION SCHOLARSHIPS AND DISCOUNTS TO 263 STUDENTS. VISITS TO HEALTH CENTER TOTALED 29,753. | Desc |
| Total Program Service Expenses | $7,372,405 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (true) | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (true) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (true) | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 46 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 254 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DAVID BEDFORD | PersonNm |
| Phone | 8645788770 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2020 SPRINGFIELD ROAD | AddressLine1Txt |
| City | BOILING SPRINGS | CityNm |
| State Abbreviation | SC | StateAbbreviationCd |
| ZIP | 29316 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)
| TitleTitleTxt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Average Hours Per WeekAverageHoursPerWeekRt |
|---|---|---|---|---|---|---|
| KIM R STETZEL DC | ||||||
| BOARD TRUSTE | Yes (X) | $0 | $0 | $0 | ||
| PETER J KEVORKIAN DC | ||||||
| CHAIRMAN | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| SHANE J WALKER DC | ||||||
| BOARD TRUSTE | Yes (X) | $0 | $0 | $0 | ||
| EDWARD P MARRAM PHD | ||||||
| BOARD TRUSTE | Yes (X) | $0 | $0 | $0 | ||
| TODD A PICOU BS MBA | ||||||
| SECRETARY | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| DANIEL M KNOWLES III DC | ||||||
| BOARD TRUSTE | Yes (X) | $0 | $0 | $0 | ||
| CHRISTOPHER KENT DC | ||||||
| BOARD TRUSTE | Yes (X) | $0 | $0 | $0 | ||
| LIAM SCHUBEL DC | ||||||
| VICE CHAIRMA | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| TONY LAWHON ESQ | ||||||
| BOARD TRUSTE | Yes (X) | $0 | $0 | $0 | ||
| EDWIN CORDERO DC | ||||||
| PRESIDENT | $332,788 | $0 | $25,424 | Yes (X) | 40.00 | |
| NEIL COHEN | ||||||
| EXEC. VICE-P | $156,129 | $0 | $21,369 | Yes (X) | 40.00 | |
| ROBERT IRWIN | ||||||
| VP ACADEMIC | $119,712 | $0 | $24,657 | Yes (X) | 40.00 | |
| KAREN CANUP | ||||||
| VP BUSINESS/ | $109,028 | $0 | $19,552 | Yes (X) | 40.00 | |
| JOE DONOFRIO | ||||||
| ASSOC. VP FO | $107,448 | $0 | $9,076 | Yes (X) | 40.00 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $825,105 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $100,078 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 5 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| Government Grants | $62,053 | GovernmentGrantsAmt |
| All Other Contributions | $499,752 | AllOtherContributionsAmt |
| Total Contributions | $561,805 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION & FEES | 611430 | $10,683,760 | $10,683,760 |
| SALES & SERVICES | 611710 | $197,817 | $197,817 |
| ORGANIZED ACTIVITIES/ED DEPT | 611430 | $186,791 | $186,791 |
| MISCELLANEOUS | 611710 | $15,942 | $15,942 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $11,084,310 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $248,900 | TotalRevenueColumnAmt |
| Exclusion | $248,900 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $3,733,173 | SecuritiesAmt |
| Other | $18,480 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $3,780,474 | SecuritiesAmt |
| Other | $18,936 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$47,301 | SecuritiesAmt |
| Other | -$456 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$47,757 | TotalRevenueColumnAmt |
| Exclusion | -$47,757 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $55,762 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $99,649 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$43,887 | TotalRevenueColumnAmt |
| Exclusion | -$43,887 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $11,803,371 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $11,084,310 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $157,256 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $470,755 | TotalAmt |
| Program Services | $470,755 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $821,762 | TotalAmt |
| Program Services | $225,364 | ProgramServicesAmt |
| Management And General | $596,398 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,193,577 | TotalAmt |
| Program Services | $3,625,694 | ProgramServicesAmt |
| Management And General | $488,071 | ManagementAndGeneralAmt |
| Fundraising | $79,812 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $501,754 | TotalAmt |
| Program Services | $411,264 | ProgramServicesAmt |
| Management And General | $84,434 | ManagementAndGeneralAmt |
| Fundraising | $6,056 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $388,999 | TotalAmt |
| Program Services | $311,094 | ProgramServicesAmt |
| Management And General | $71,402 | ManagementAndGeneralAmt |
| Fundraising | $6,503 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $48,335 | TotalAmt |
| Management And General | $48,335 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $30,453 | TotalAmt |
| Management And General | $30,453 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,000 | TotalAmt |
| Management And General | $1,000 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $103,283 | TotalAmt |
| Management And General | $103,283 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $451,432 | TotalAmt |
| Program Services | $409,228 | ProgramServicesAmt |
| Management And General | $40,506 | ManagementAndGeneralAmt |
| Fundraising | $1,698 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,097 | TotalAmt |
| Program Services | $12,997 | ProgramServicesAmt |
| Management And General | $1,100 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $103,247 | TotalAmt |
| Program Services | $66,626 | ProgramServicesAmt |
| Management And General | $25,378 | ManagementAndGeneralAmt |
| Fundraising | $11,243 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $111,671 | TotalAmt |
| Program Services | $22,115 | ProgramServicesAmt |
| Management And General | $89,387 | ManagementAndGeneralAmt |
| Fundraising | $169 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $166,585 | TotalAmt |
| Program Services | $117,946 | ProgramServicesAmt |
| Management And General | $47,398 | ManagementAndGeneralAmt |
| Fundraising | $1,241 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $277,214 | TotalAmt |
| Program Services | $170,491 | ProgramServicesAmt |
| Management And General | $102,328 | ManagementAndGeneralAmt |
| Fundraising | $4,395 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,896 | TotalAmt |
| Program Services | $2,617 | ProgramServicesAmt |
| Management And General | $252 | ManagementAndGeneralAmt |
| Fundraising | $27 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $264,138 | TotalAmt |
| Program Services | $238,672 | ProgramServicesAmt |
| Management And General | $22,956 | ManagementAndGeneralAmt |
| Fundraising | $2,510 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $75,967 | TotalAmt |
| Program Services | $68,643 | ProgramServicesAmt |
| Management And General | $6,602 | ManagementAndGeneralAmt |
| Fundraising | $722 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| SPECIAL PROGRAMS & EVENTS | $443,359 | $398,372 | $24,326 | $20,661 |
| SUPPLIES | $425,601 | $367,886 | $46,503 | $11,212 |
| EQUIP RENTAL & MAINTENANC | $357,619 | $323,377 | $30,866 | $3,376 |
| FACULTY/STAFF DEVELOPMENT | $112,861 | $90,945 | $18,975 | $2,941 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $187,282 | TotalAmt |
| Program Services | $38,319 | ProgramServicesAmt |
| Management And General | $122,697 | ManagementAndGeneralAmt |
| Fundraising | $26,266 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,553,887 | TotalAmt |
| Program Services | $7,372,405 | ProgramServicesAmt |
| Management And General | $2,002,650 | ManagementAndGeneralAmt |
| Fundraising | $178,832 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,051,924 | BOYAmt |
| EOY | $2,918,878 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $928,807 | BOYAmt |
| EOY | $410,597 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $96,142 | BOYAmt |
| EOY | $107,123 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $57,805 | BOYAmt |
| EOY | $7,822 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $951,811 | BOYAmt |
| EOY | $972,195 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $92,189 | BOYAmt |
| EOY | $111,882 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $63,841 | BOYAmt |
| EOY | $49,943 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $6,062,667 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $3,297,054 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,798,792 | BOYAmt |
| EOY | $2,765,613 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,436,144 | BOYAmt |
| EOY | $9,049,127 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $30,078 | BOYAmt |
| EOY | $30,078 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,000 | BOYAmt |
| EOY | $71,529 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,517,533 | BOYAmt |
| EOY | $16,494,787 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $206,543 | BOYAmt |
| EOY | $289,567 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $42,368 | BOYAmt |
| EOY | $33,950 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $116,857 | BOYAmt |
| EOY | $71,693 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,220,102 | BOYAmt |
| EOY | $1,186,710 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,585,870 | BOYAmt |
| EOY | $1,581,920 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,202,070 | BOYAmt |
| EOY | $13,236,990 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $515,107 | BOYAmt |
| EOY | $452,572 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,214,486 | BOYAmt |
| EOY | $1,223,305 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,931,663 | BOYAmt |
| EOY | $14,912,867 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,517,533 | BOYAmt |
| EOY | $16,494,787 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $2,249,484 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$261,627 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$6,653 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (true) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (true) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
Total Direct Lobbying TotalDirectLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $1,000 | FilingOrganizationsTotalAmt |
Total Lobbying Expend TotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $1,000 | FilingOrganizationsTotalAmt |
Other Exempt Purpose Expend OtherExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $9,183,506 | FilingOrganizationsTotalAmt |
Total Exempt Purpose Expend TotalExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $9,184,506 | FilingOrganizationsTotalAmt |
Lobbying Nontaxable Amount LobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $609,225 | FilingOrganizationsTotalAmt |
Grassroots Nontaxable GrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $152,306 | FilingOrganizationsTotalAmt |
Avg Lobbying Nontaxable Amount AvgLobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $441,616 | CurrentYearMinus3Amt |
| Current Year Minus2 | $497,084 | CurrentYearMinus2Amt |
| Current Year Minus1 | $548,376 | CurrentYearMinus1Amt |
| Current Year | $609,225 | CurrentYearAmt |
| Total | $2,096,301 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Lobbying Ceiling | $3,144,452 | LobbyingCeilingAmt |
Avg Total Lobbying Expend AvgTotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $10,000 | CurrentYearMinus3Amt |
| Current Year Minus2 | $11,000 | CurrentYearMinus2Amt |
| Current Year Minus1 | $9,975 | CurrentYearMinus1Amt |
| Current Year | $1,000 | CurrentYearAmt |
| Total | $31,975 | TotalAmt |
Avg Grassroots Nontaxable AvgGrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $110,404 | CurrentYearMinus3Amt |
| Current Year Minus2 | $124,271 | CurrentYearMinus2Amt |
| Current Year Minus1 | $137,094 | CurrentYearMinus1Amt |
| Current Year | $152,306 | CurrentYearAmt |
| Total | $524,075 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grassroots Ceiling | $786,113 | GrassrootsCeilingAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,293,406 | BeginningYearBalanceAmt |
| Contributions | $9,035 | ContributionsAmt |
| Investment Earnings Or Losses | -$5,549 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $59,155 | OtherExpendituresAmt |
| Administrative Expenses | $14,432 | AdministrativeExpensesAmt |
| End Year Balance | $1,223,305 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,134,458 | BeginningYearBalanceAmt |
| Contributions | $207,566 | ContributionsAmt |
| Investment Earnings Or Losses | $86,621 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $122,783 | OtherExpendituresAmt |
| Administrative Expenses | $12,456 | AdministrativeExpensesAmt |
| End Year Balance | $1,293,406 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,000,716 | BeginningYearBalanceAmt |
| Contributions | $53,344 | ContributionsAmt |
| Investment Earnings Or Losses | $102,632 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $13,430 | OtherExpendituresAmt |
| Administrative Expenses | $8,804 | AdministrativeExpensesAmt |
| End Year Balance | $1,134,458 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $885,433 | BeginningYearBalanceAmt |
| Contributions | $34,539 | ContributionsAmt |
| Investment Earnings Or Losses | $101,871 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $13,014 | OtherExpendituresAmt |
| Administrative Expenses | $8,113 | AdministrativeExpensesAmt |
| End Year Balance | $1,000,716 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $927,230 | BeginningYearBalanceAmt |
| Contributions | $2,750 | ContributionsAmt |
| Investment Earnings Or Losses | -$25,706 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $10,747 | OtherExpendituresAmt |
| Administrative Expenses | $8,094 | AdministrativeExpensesAmt |
| End Year Balance | $885,433 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Prmnnt Endowment Balance EOY | 1.00000 | PrmnntEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | false | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $181,634 | OtherCostOrOtherBasisAmt |
| Book Value | $181,634 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,880,204 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,492,749 | DepreciationAmt |
| Book Value | $1,387,455 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,849,284 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,235,328 | DepreciationAmt |
| Book Value | $613,956 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,151,545 | OtherCostOrOtherBasisAmt |
| Depreciation | $568,977 | DepreciationAmt |
| Book Value | $582,568 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $2,765,613 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| REFUNDABLE GOVERNMENT LOANS | $672,138 |
| CHARITABLE GIFT ANNUITIES PAYABLE | $514,572 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,186,710 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $11,165,710 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$261,627 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $114,765 | OtherRevenueAmt |
| Revenue Not Reported | -$146,862 | RevenueNotReportedAmt |
| Revenue Subtotal | $11,312,572 | RevenueSubtotalAmt |
| Other Revenues Not Included | $490,799 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $490,799 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $11,803,371 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $9,184,506 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $121,418 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $121,418 | ExpensesNotReportedAmt |
| Expenses Subtotal | $9,063,088 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $490,799 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $490,799 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $9,553,887 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE D, PAGE 2, PART V, LINE 4 | THE COLLEGE HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROTECT THE PRINCIPAL OF THE FUNDS AGAINST PERMANENT LOSS; GENERATE SUFFICIENT INVESTMENT RETURN TO PROVIDE SUSTAINABLE FUNDING FOR CURRENT OPERATING NEEDS; AND MAINTAIN THE PURCHASING POWER OF THE ASSETS OVER THE LONG-TERM. ENDOWMENT ASSETS CONSIST OF DONOR-RESTRICTED FUNDS THAT THE COLLEGE MUST HOLD IN PERPETUITY AND, ALSO, BOARD-DESIGNATED FUNDS IN 2007 BEFORE THE CHANGE IN THE LAW. UNDER THIS POLICY, AS APPROVED BY THE BOARD OF TRUSTEES, THE ENDOWMENT ASSETS ARE INVESTED IN A MANNER THAT IS INTENDED TO MAXIMIZE LONG-TERM GROWTH OF INCOME AND PRINCIPAL WHILE ASSUMING A MODERATELY AGGRESSIVE LEVEL OF INVESTMENT RISK. THE COLLEGE MAY INVEST THE ENDOWMENT FUNDS IN CASH AND CASH EQUIVALENTS, U.S. GOVERNMENT AND AGENCY SECURITIES, CERTIFICATES OF DEPOSIT, BANKER'S ACCEPTANCE, CORPORATE BONDS, COMMERCIAL PAPER AND COMMON STOCKS. TO SATISFY ITS LONG-TERM RATE-OF-RETURN OBJECTIVES, THE COLLEGE RELIES ON A TOTAL RETURN STRATEGY IN WHICH THE INVESTMENT RETURNS ARE ACHIEVED THROUGH BOTH CAPITAL APPRECIATION (REALIZED AND UNREALIZED) AND CURRENT YIELD (INTEREST AND DIVIDENDS). THE COLLEGE TARGETS A DIVERSIFIED ASSET ALLOCATION THAT PLACES A GREATER EMPHASIS ON EQUITY SECURITIES TO ACHIEVE ITS LONG-TERM OBJECTIVES WITHIN PRUDENT RISK CONSTRAINTS. THE OBJECTIVE OF THE COLLEGE'S ENDOWMENT SPENDING POLICY IS TO PROVIDE A STEADY, GROWING INCOME STREAM TO SUPPORT THE COLLEGE'S SCHOLARSHIP PROGRAMS WHILE PROVIDING SUFFICIENT REINVESTMENT TO PROTECT THE ENDOWMENT FROM INFLATION. ENDOWMENT SPENDING IS LIMITED TO THE PORTION OF NET APPRECIATION AND INVESTMENT INCOME ALLOCATED TO THE PERCENTAGE OF ENDOWMENT ASSETS HELD FOR SCHOLARSHIP PROGRAMS TO TOTAL ASSETS OF THE ENDOWMENTS. |
| SCHEDULE D, PAGE 3, PART X | THE COLLEGE BELIEVES THAT IT IS MORE LIKELY THAN NOT THAT ANY SIGNIFICANT TAX POSITIONS WOULD BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES AND IT HAS NOT BEEN SUBJECTED TO SUCH EXAMINATIONS. TAX YEARS ENDING DECEMBER 31, 2015, 2014, AND 2013 REMAIN SUBJECT TO EXAMINATION BY THE TAXING AUTHORITIES. |
| SCHEDULE D, PAGE 4, PART XI, LINE 2D | DIRECT EXPENSES 99,649 GAIN/LOSS ON DISPOSAL OF FIXED ASSETS 15,116 |
| SCHEDULE D, PAGE 4, PART XI, LINE 4B | SCHOLARSHIPS GRANTED TO STUDENTS 470,755 INVESTMENT FEES NETTED WITH INCOME 20,044 |
| SCHEDULE D, PAGE 4, PART XII, LINE 2D | DIRECT EXPENSES 99,649 GAIN/LOSS OF DISPOSAL OF FIXED ASSETS 15,116 BAD DEBT 6,653 |
| SCHEDULE D, PAGE 4, PART XII, LINE 4B | SCHOLARSHIPS GRANTED TO STUDENTS 470,755 INVESTMENT EXPENSES NETTED WITH INCOME 20,044 |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (true) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (true) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (true) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (true) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (true) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (true) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (true) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | false | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | false | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | false | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | false | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | false | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | false | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (true) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | Yes (true) | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (true) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, LINE 3 | THE NONDISCRIMINATION POLICIES ARE PUBLISHED IN VARIOUS PUBLICATIONS, HANDBOOKS AND ON THE COLLEGES' ADMISSIONS WEBSITE. |
| SCHEDULE E, LINE 6 | THE COLLEGE PARTICIPATES IN VARIOUS FEDERAL STUDENT FINANCIAL ASSISTANCE PROGRAMS UNDER TITLE IV OF THE HIGHER EDUCATION ACT OF 1965 (AS AMENDED) IN ACCORDANCE WITH THE PROGRAM PARTICIPATION AGREEMENT ENTERED INTO WITH THE US DEPARTMENT OF EDUCATION. IN JULY 1995, THE COLLEGE'S PRIMARY REGIONAL ACCREDITATION AGENCY (SACS) REMOVED THE COLLEGE FROM MEMBERSHIP WITH THE COMMISSION ON COLLEGES OF THE ASSOCIATION FOR FAILURE TO COMPLY WITH CRITERIA SECTION 1.4 (CONDITION OF ELIGIBILITY THIRTEEN - FINANCIAL RESPONSIBILITY) AND SECTION 6.3.1 (FINANCIAL RESOURCES). THEREFORE, THE COLLEGE WAS NO LONGER CONSIDERED ELIGIBLE TO PARTICIPATE IN THE TITLE IV PROGRAMS BY THE DEPARTMENT OF EDUCATION (ED). IN AN AGREEMENT REACHED WITH ED, THE COLLEGE WAS ALLOWED TO REAPPLY FOR ELIGIBILITY EFFECTIVE APRIL 25, 1996 BASED ON ITS ACCREDITATION STATUS WITH THE COMMISSION ON ACCREDITATION OF THE COUNCIL ON CHIROPRACTIC EDUCATION (CCE). THE CCE IS RECOGNIZED BY ED AS A RELIABLE AUTHORITY AS TO THE QUALITY OF EDUCATION OR TRAINING OFFERED BY AN INSTITUTION. THE COMMISSION EVALUATED THE COLLEGE AND DETERMINED, BASED ON ITS FINANCIAL CRITERIA, THAT THE COLLEGE MET ITS CRITERIA AND WAS FINANCIALLY STABLE FOR PURPOSES OF ACCREDITATION. THE COLLEGE SUCCESSFULLY REAPPLIED FOR TITLE IV ELIGIBILITY EFFECTIVE APRIL 25, 1996. THE COLLEGE HAS SUCCESSFULLY REAPPLIED FOR MEMBERSHIP WITH SACS. CURRENTLY, THE COLLEGE IS DUALLY ACCREDITED BY BOTH SACS (REGIONAL ACCREDITATION) AND CCE (PROGRAMMATIC ACCREDITATION). |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (21 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt |
|---|---|---|
| REX KASLER | 1 | $7,715 |
| OUTSTANDING STUDENT | 1 | $500 |
| ACADEMIC ACHIEVEMENT | 1 | $500 |
| FAMILY DISCOUNT | 30 | $22,333 |
| INTERNATIONAL SCHOLARSHIP | 46 | $144,876 |
| ALUMNI SCHOLARSHIP | 5 | $2,500 |
| LEGACY SCHOLARSHIP | 28 | $8,400 |
| MARRIAGE DISCOUNT | 94 | $174,677 |
| ROAR SCHOLARSHIP | 7 | $3,500 |
| CITIZENSHIP SCHOLARSHIP | 1 | $500 |
| PRESIDENT SCHOLARSHIP | 22 | $70,577 |
| CG HAYNES SCHOLARSHIP | 2 | $3,000 |
| BJ PALMER | 1 | $500 |
| LYLE & EULA SHERMAN SCHOL | 1 | $500 |
| YORK HEALTH CTR SCHOLARSH | 1 | $200 |
| VA/YELLOW RIBBON SCHOLARS | 8 | $15,477 |
| D.E. WARRIOR | 4 | $2,000 |
| MICHIGAN SCHOLARSHIP | 3 | $1,500 |
| BERKOWITZ SCHOLARSHIP | 1 | $500 |
| BEANE FOUNDATION | 2 | $3,000 |
| YGLESIAS | 4 | $8,000 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE I, PAGE 1, PART I, LINE 2 | FormAndLineReferenceDesc |
| Explanation | THE COLLEGE THROUGH ITS FINANCIAL AID OFFICE MAINTAINS RECORDS TO SUBSTANTIATE AMOUNTS, ELIGIBILITY, AND SELECTION CRITERIA USED FOR SCHOLARSHIPS. THE COLLEGE MONITORS THE ASSISTANCE BY REVIEWING GRADE TRANSCRIPTS AND ATTENDANCE RECORDS ON A QUARTERLY BASIS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (true) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|---|---|
| EDWIN CORDERO DC | |||||
| PRESIDENT | $302,788 | $30,000 | $6,676 | $18,748 | $358,212 |
| NEIL COHEN | |||||
| EXEC. VICE-PRESIDENT | $145,781 | $10,348 | $2,547 | $18,822 | $177,498 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE J, PAGE 1, PART I, LINE 7 | FormAndLineReferenceDesc |
| Explanation | DISCRETIONARY BONUSES PER CONTRACT TO BE DETERMINED BY THE BOARD. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PAGE 6, PART VI, LINE 11B | THE COMPLETED FORM 990 IS PROVIDED TO THE FINANCE AND AUDIT COMMITTEE ELECTRONICALLY PRIOR TO ITS ANNUAL MEETING EACH MAY. PRIOR TO THE FULL BOARD MEETING, THE FINANCE AND AUDIT COMMITTEE REVIEWS THE FORM WITH THE VP FOR BUSINESS & FINANCE. THE CHAIRPERSON OF THE AUDIT & FINANCE COMMITTEE REPORTS AND MAKES ANY RECOMMENDATIONS PRIOR TO APPROVAL BY THE FULL BOARD. THE AUDITED FINANCIAL STATEMENTS ARE PRESENTED TO THE FULL BOARD DURING THE MEETING AND AT THAT TIME, ANY REMAINING QUESTIONS ARE RESOLVED BY THE AUDIT PARTNER OR THE VP FOR BUSINESS & FINANCE. |
| FORM 990, PAGE 6, PART VI, LINE 12C | THE COLLEGE REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY. AT EACH BI-ANNUAL ON-SITE BOARD OF TRUSTEE MEETING, EACH TRUSTEE SIGNS A CODE OF CONDUCT CERTIFICATION. AS A PART OF THIS DOCUMENT, EACH TRUSTEE ACKNOWLEDGES THE TRUSTEE CODE OF CONDUCT AND THE CONFLICT OF INTEREST POLICIES CERTIFYING THERE ARE NO FINANCIAL INTERESTS OR AFFILIATIONS WITH ANY ORGANIZATION WHICH MAY HAVE INTERESTS THAT CONFLICT WITH, OR APPEAR TO CONFLICT WITH THE BEST INTERESTS OF SHERMAN COLLEGE. THE TRUSTEE ALSO AGREES TO REPORT PROMPTLY TO THE BOARD CHAIR ANY FUTURE SITUATION THAT MIGHT APPEAR TO INVOLVE A POTENTIAL CONFLICT. |
| FORM 990, PAGE 6, PART VI, LINE 15A | COMPENSATION FOR THE COLLEGES' PRESIDENT, OFFICERS AND KEY EMPLOYEES ARE REVIEWED AND SUBSTANTIATED BY COMPARABILITY DATA. THE COLLEGE UTILIZES DATA FROM VARIOUS SOURCES INCLUDING THE ASSOCIATION OF CHIROPRACTIC COLLEGES WHO SURVEYS THE COMPENSATION PACKAGES OF COLLEGE PRESIDENTS AND KEY EMPLOYEES ANNUALLY. |
| FORM 990, PAGE 6, PART VI, LINE 15B | COMPENSATION FOR THE COLLEGES' PRESIDENT, OFFICERS AND KEY EMPLOYEES ARE REVIEWED AND SUBSTANTIATED BY COMPARABILITY DATA. THE COLLEGE UTILIZES DATA FROM VARIOUS SOURCES INCLUDING THE ASSOCIATION OF CHIROPRACTIC COLLEGES WHO SURVEYS THE COMPENSATION PACKAGES OF COLLEGE PRESIDENTS AND KEY EMPLOYEES ANNUALLY. |
| FORM 990, PAGE 6, PART VI, LINE 19 | THE COLLEGE PUBLISHES ITS CORPORATE CHARTER, BY-LAWS, CONFLICT OF INTEREST POLICY, BOARD OF TRUSTEE CODE OF CONDUCT AND MINUTES OF THE BOARD OF TRUSTEE MEETINGS ON ITS INTRANET. THE INTRANET IS AVAILABLE TO STUDENTS, EMPLOYEES AND BOARD OF TRUSTEE MEMBERS. DETAILED FINANCIAL STATEMENTS ARE NOT PUBLISHED FOR PUBLIC REVIEW. SUMMARY OPERATING BUDGETS ARE PROVIDED ANNUALLY TO THE FACULTY, STAFF & OFFICERS OF THE STUDENT GOVERNMENT. ADDITIONAL COPIES OF THE BUDGET SUMMARY ARE ALSO AVAILABLE IN THE BUSINESS OFFICE. |
| FORM 990, PART XI, LINE 9 | DIRECT EXPENSES 99,649 GAIN/LOSS ON DISPOSAL OF FIXED ASSETS 15,116 SCHOLARSHIPS GRANTED TO STUDENTS -470,755 INVESTMENT FEES NETTED WITH INCOME -20,044 DIRECT EXPENSES -99,649 GAIN/LOSS OF DISPOSAL OF FIXED ASSETS -15,116 BAD DEBT -6,653 SCHOLARSHIPS GRANTED TO STUDENTS 470,755 INVESTMENT EXPENSES NETTED WITH INCOME 20,044 TOTAL -6,653 |