2016-02-15T00:00:00-06:00 2015-06-30 363990892 Capin Crouse LLP 972 Emerson Parkway STE A Greenwood IN 46143 990 2014-07-01 370681530 Greenville College GREE 6186647010 315 East College Avenue Greenville IL 62246 Dana T Funderburk CFO 6186647010 2016-02-16 1 David C Moja P00747006 3178852620 2014 2016-08-17 19:52:53Z Ivan Filby 315 East College Avenue Greenville IL 62246 45942062 0 X www.greenville.edu X 1892 IL To transform students for lives of character and service through a Christ-centered education. 19 18 906 34 19657 0 3071278 3929578 33215974 33379314 617381 844293 27594 37832 36932227 38191017 10680738 11566658 0 0 14600312 14141356 0 0 480670 10829348 10855115 36110398 36563129 821829 1627888 54528314 54571670 7689540 6406636 46838774 48165034 Greenville College empowers students for lives of character and service through a transforming Christ-centered education in the liberal arts, sciences, and professional studies. 0 0 29560228 11566658 26044937 UNDERGRADUATE AND GRADUATE LEVEL EDUCATION SERVICES-Instruction, scholarships, and other student services:Classes are held for approximately 1,600 students. Faculty, instruction, equipment and supplies are provided for the classroom and library. Students are awarded scholarships on the basis of need and academic achievement. Student support services include student development, religious life, student organizations and many other student activities. 3337686 7314720 AUXILIARY SERVICES -Food Service, Textbook Services, and Residence Halls:Cafeteria-style dining services are offered in the Dining Commons and snack bar/grill services are offered in the Student Union.Textbook rental services are provided to all enrolled students.Eight residence halls and nine student houses provide housing for approximately 750 students. 32897914 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 1 0 0 0 1 1984 0 1 906 1 1 1 0 0 0 0 1 1 1 1 0 0 0 X 19 18 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CO IN X Greenville College-Dana Funderburk 6186647010 315 East College Ave Greenville IL 62246 Jerry Hood Chair 6.00 X X 0 0 0 Howard Costley Vice Chair 3.00 X X 0 0 0 Melissa Westover Secretary 3.00 X X 0 0 0 David Colgan Treasurer 3.00 X X 0 0 0 Robert Bastian Trustee 1.00 X 0 0 0 Valerie Gin Trustee 1.00 X 0 0 0 Rebecca Smith Trustee 1.00 X 0 0 0 Dan Denbo Trustee 1.00 X 0 0 0 Dennis Fenton Trustee 1.00 X 0 0 0 David Fisher Trustee 1.00 X 0 0 0 Mark Whitlock Trustee 1.00 X 0 0 0 Brian Johnson part year Trustee 1.00 X 0 0 0 Doug Newton Trustee 1.00 X 0 0 0 Richard Schien part year Trustee 1.00 X 0 0 0 Craig Tidball Trustee 1.00 X 0 0 0 Kathleen Turpin Trustee 1.00 X 0 0 0 Donald Wolf Trustee 1.00 X 0 0 0 Jeffrey Johnson Trustee 1.00 X 0 0 0 Rex Bennett Trustee 1.00 X 0 0 0 Karen Longman Trustee 1.00 X 0 0 0 Paul Donnell Trustee 1.00 X 0 0 0 Ed McMillan part year Trustee 1.00 X 0 0 0 Dana Funderburk CFO 40.00 X 104485 0 22872 Ivan Filby President 40.00 X 174478 0 60925 278963 0 83797 2 0 1 0 Sodexo Inc 9801 Washingtonian Blvd Gaithersburg MD 20878 Food service 1722637 Tree of Life Bookstores Inc 1500 South Western Ave Marion IN 46953 Book service 441870 Royall & Company 1920 E Partham Rd Richmond VA 23228 Marketing 326125 Jenzabar PO Box 55018 Boston MA 02205 Software Implementation 316792 Hobsons Inc 50 E-Business Way Cincinnati OH 45241 Marketing 166350 8 18070 1203219 2708289 471067 3929578 Tuition and fees 900099 26044937 26044937 Auxiliary enterprises 900099 6877998 6877998 Other program revenue 900099 436722 436722 Sports training ctr 713940 19657 19657 33379314 943924 943924 13740 6803 6937 6937 6937 7587411 50122 7581687 155477 5724 -105355 -99631 -99631 7886 18070 7078 808 808 Penalty/fine revenue 900099 30087 30087 30087 38191017 33359657 19657 882125 11566658 11566658 333020 274313 40347 18360 73619 64179 9440 10738146 9201020 1353314 183812 466983 398676 58638 9669 1802390 1557156 229031 16203 727198 620471 91261 15466 17183 14980 2203 86060 86060 57305 57305 678739 591709 87030 342359 298461 43898 970429 792468 116559 61402 679001 566594 83336 29071 1156849 975662 143503 37684 549343 464856 68373 16114 44211 38542 5669 117029 100089 14721 2219 2053057 1756946 258417 37694 254667 222013 32654 Food service 1618079 1410603 207476 Student services 1197098 1036248 152415 8435 Textbook rental 654635 654635 Memberships 117185 102159 15026 261886 189476 27869 44541 36563129 32897914 3184545 480670 6000 6000 6167832 7847317 641553 441594 52839249 25212096 28709824 27627153 16172050 15948700 1016628 953510 1663550 1661180 150877 86216 54528314 54571670 1564993 1571897 1582888 1601100 1029573 739522 2429125 1411175 1082961 1082942 7689540 6406636 X 27923556 28427316 2300750 3018911 16614468 16718807 46838774 48165034 54528314 54571670 X 1627888 -301726 98 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X X ART EDUCATION 0 17485715 350711 540853 438030 1073604 16865645 15167859 929185 1905523 377879 138973 17485715 13849265 413112 1580384 354424 320478 15167859 13855079 250168 -75223 168175 12584 13849265 431302 11640341 2015730 190658 41636 13855079 0.00870 0.99130 0 0 2160684 2160684 44936346 20888317 24048029 5585774 4323779 1261995 156445 156445 27627153 Annuities and trusts payable 359344 Student deposits 173598 Asset retirement obligations 550000 1082942 X 26336612 -301726 13979 -287747 26624359 11566658 11566658 38191017 25010352 13881 13881 24996471 11566658 11566658 36563129 Part III, Line 1a: The College maintains a collection of donated art. The collection is held exclusively for public exhibition, education and research. The collection is appropriately catalogued and cared for by the curator. As allowed by the accounting standards, the College has elected not to recognize the collection in the statements of financial position. Proceeds from any deaccessions or insurance recoveries are used to acquire other works of art. Part III, Line 4: Greenville College is privileged to be the home and conservator of the Richard W. Bock Sculpture Museum. This museum, established in 1975, houses an extensive collection of sculptures, drawings, photographs, and the Bock family art library. The Bock family presented the collection to Greenville College on the condition that the works be placed on permanent exhibition. Public exhibition and preservation for future generations are the primary purposes the College maintains the collection. However, the College also loans pieces to other museums for temporary exhibits, allows researchers and other interested parties to use the museum's resources, and utilizes the collection as a tool for teaching art to students of the College. Part V, Line 4: The permanent endowments are established and used to provide scholarships to students attending Greenville College, to fund various academic programs and to fund campus improvements. Most of the amount shown on Line 1b, column (e) includes endowed assets transferred upon dissolution of Greenville College Foundation on July 1, 2010. Part X, Line 2: The financial statement effects of a tax position taken or expected to be taken are recognized in the financial statements when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. Interest and penalties, if any, are included in expenses in the statements of activities. As of June 30, 2015 and 2014, the College had no uncertain tax positions that qualify for recognition or disclosure in the financial statements. Part XI, Line 2d - Other Adjustments: Rental expenses reported on Part VIII, Line 6b 6,803. Fundraising expenses reported on Part VIII, Line 8b 7,078. Change in value of gifts held in trust 98. Part XI, Line 4b - Other Adjustments: Scholarships netted with student tuition and fees 11,566,658. Part XII, Line 2d - Other Adjustments: Rental expenses reported on Part VIII, Line 6b 6,803. Fundraising expenses reported on Part VIII, Line 8b 7,078. Part XII, Line 4b - Other Adjustments: Scholarships netted with student tuition and fees 11,566,658. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 A statement of the racial non discrimination policy is included as a student admissions policy and requirement within our College Catalog, which is viewable on our website. Schedule E, Part I, Line 6 The College receives funding from the federal government in connection with provisions of Title IV of the Higher Education Act. As a result, the College is required to comply with various regulations related to these programs. Central America and the Caribbean 0 0 Program Services Semester abroad 30000 East Asia and the Pacific - Australia, Brunei, Burma, Cambodia, 0 0 Program Services Recruiting students 18166 0 0 0 0 0 0 48166 0 48166 0 0 0 0 0 0 Part I, line 3: Accrual method of accounting Golf Scramble 25956 18070 7886 900 2600 725 2853 25956 18070 7886 900 2600 725 2853 7078 808 1 Student scholarshipsSTUDENT SCHOLARSHIPS 1009 11566658 Part I, Line 2: Students requesting financial aid are screened for financial need, academic merit, and other scholarship criteria prior to the awarding of scholarships. The combined total of scholarships, grants and other tuition related awards may not exceed the cost of tuition. Students must meet the enrollment guidelines and maintain satisfactory academic progress to retain awards received. Monitoring of these criteria is a combined effort of the Financial Aid office, the Registrar's office and the Business office. X X 1 1 X X X 0 0 0 0 0 0 0 0 0 Ivan Filby President 173524 0 0 0 954 0 10950 0 50203 0 235631 0 0 0 Part I, Line 1a RESIDENCE FOR PERSONAL USE AND PERSONAL SERVICES - As a condition of employment, the Greenville College president is required to live in a home which is on campus and owned by the College. Because portions of the home are, at times, used for Greenville College business functions, the College provides housekeeping services on a regular basis. The fair rental value of the home has been estimated at $2,625 per month. The benefits described above are provided according to the President's employment contract, which is reviewed and approved by the Executive Committee of the Board of Trustees. A City of Greenville Bond County Illinios 376000403 2011-11-01 5000000 Refund 2006 Bond Issue 0 0 0 A 3588825 5000000 5000000 2007 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 A 0 17800 Merit Scholarships Scholarship Dustin Fenton See Part V Related to Dennis Fenton, Trustee 52964 Wages and Benefits 0 Kathie Filby See Part V Related to Ivan Filby, President 20655 Wages and Benefits 0 Schedule L, Part III All scholarships are awarded on an objective and nondiscriminatory basis based on pre-established criteria. These criteria include financial need, academic merit, criteria set by donors, and other factors. No scholarships are awarded on the basis of a student's familial relationships. Scholarships reported in Schedule L, represent 0.15% of total scholarship expense. X 2228 Fair market value X 12 126483 Fair market value X 2 192500 Appraised value X 1 125000 Appraised value X Furniture/Appliances 3 23831 Fair market value X Misc Items 4 1025 Fair market value 2 0 1 1 Part I, Column (b): The number of contributors represents the number of contributions received. Part I, Line 32b: Realtors are used to sell real estate donations. Form 990, Part I, Line 5: The number of employees reported here is the total number of Forms W-2 issued for the year 2014. However, this number is not indicative of the number of employees the College employs at any given point in time. Due to the high volume of student workers employed and the short-term nature of their work, the number of Forms W-2 issued is much higher than the average number of individuals employed on an on-going basis. Over a twelve-month period, the average number of individuals paid in a pay period is approximately 520. Of this number, approximately 295 are faculty/staff and approximately 225 are student workers. Form 990, Part VI, Section A, line 1 The Executive Committee is composed of the four Officers, Business Affairs Committee Chair, and one at-large member. The Executive Committee shall conduct any business authorized by the Board and other urgent business that cannot be reasonably deferred until the next Board meeting. It may not countermand any action taken by the Board without the Board's express permission. Form 990, Part VI, Section B, line 11 The College's 990 is prepared by an independent accounting firm using information from management. The Form 990 is reviewed by management and provided to each Board Member for review. However, the Board review copy does not disclose Schedule B contributor names and addresses. Upon approval of management and the Board, the Form 990 is filed electronically with the Internal Revenue Service. Form 990, Part VI, Section B, line 12c Conflict of interest questionnaires are completed annually by all Trustees, officers, and executive management. All responses are carefully reviewed by an independent staff member of the College for possible conflicts of interest. Should any potential conflicts of interest be disclosed, the Trustee or officer would be asked to refrain from participation in any decision with regard to matters affected by the relationship. Form 990, Part VI, Section B, line 15 The Greenville College Board Policy Manual stipulates the following with respect to the President's evaluation and compensation: "7.4 President's Evaluation and Compensation: The officers of the Board negotiate all contractual matters with the President and conduct the President's annual evaluation. The contract will be presented to the full board, sitting in executive session, for consideration and approval. The officers report the findings of the annual review of the President to the Executive Committee and to the full board sitting in executive session." Board policy also provides for a review of the compensation of all the President's direct reports as follows: "4.10 Compensation Reviews: Compensation for all the President's direct reports must be reviewed by the Business Affairs Committee on an annual basis. The President's compensation is set in accordance with Section 7.4 of this Policy Manual. The review of compensation for both the President and direct reports must include consideration of compensation data for similar positions with similar scope of responsibility, educational requirements, and experience levels at comparable institutions with similar enrollment, budget, and type of location. Sources for compensation data should include Council for Christian Colleges and Universities (CCCU) and College and University Professional Association for Human Resources (CUPA-HR) or similar type organizations. Compensation comparisons for the President and direct reports should include, as much as possible, the following elements: salary, incentive pay of any kind, health benefits, retirement benefits, any allowances including tuition or educational waivers or reimbursements, and any other taxable benefits. No employee of the College or any committee or Board member having any conflict of interest whatsoever in the compensation reviews for the President and direct reports shall be allowed to participate in the discussion or approval process. Comparison data used in the review process, a discussion summary concerning the compensation comparisons and the appropriate compensation levels, any action taken by the Officers, Business Affairs Committee or the Board shall be documented at the time of such meeting and shall be kept on permanent record at the College. Compensation guidelines for the President and direct reports are plus or minus 20% of the average median compensation levels of the CCCU and CUPA-HR. Form 990, Part VI, Section C, line 19 The College makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Form 990, Part XI, line 9: Change in value of gifts held in trust 98. Form 990, Part XII, Line 2c The organization's Board assumes responsibility for oversight of the audit of its financial statements and selection of its independent accountant. This process has not changed since the prior year. Charitable remainder trusts (3) Trust MI The Free Methodist Foundation T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0