2015-05-14T07:34:45-05:00 2014-06-30 BDO USA LLP 1100 Peachtree Street Suite 700 ATLANTA GA 303094516 990 2013-07-01 237434499 PAINE COLLEGE % DR SAMUEL SULLIVAN PAIN 7068218200 1235 FIFTEENTH STREET Suite AUGUSTA GA 30901 DR SAMUEL SULLIVAN PRESIDENT 7068218200 2015-05-13 true Sandra L Feinsmith P01064157 7068218200 2013 2016-02-25 16:41:14Z DR SAMUEL SULLIVAN 1235 FIFTEENTH STREET AUGUSTA GA 30901 27500389 false X WWW.PAINE.EDU X 1882 GA TO PROVIDE A QUALITY LIBERAL ARTS EDUCATION THAT EMPHASIZES ETHICAL AND SPIRITUAL VALUES, SOCIAL RESPONSIBILITY AND PERSONAL DEVELOPMENT. 16 14 390 20 0 6967956 7603351 13299744 15508192 136429 549940 169704 81995 20573833 23743478 1133150 2231246 0 0 9968800 11806574 0 0 0 9620344 12622413 20722294 26660233 -148461 -2916755 37211456 35521206 17721536 18439697 19489920 17081509 PAINE COLLEGE STRIVES TO PROVIDE A QUALITY LIBERAL ARTS EDUCATION THAT EMPHASIZES ETHICAL AND SPIRITUAL VALUES, SOCIAL RESPONSIBILITY AND PERSONAL DEVELOPMENT. false false 23281077 2231246 15590187 THE PURPOSE OF THE COLLEGE IS FOR THE HIGHER EDUCATION OF STUDENTS 23281077 true true false true false false false false false true true false false false true true true false true false false false false false false false false false true true false false false false false false false false true false false false false false false false false true 77 0 390 true false false false false false false false false false false X 16 14 false false false false false false false true true false false true true true true true true true true false GA X DR SAMUEL SULLIVAN 7068218200 1235 FIFTEENTH STREET AUGUSTA GA 30901 REV CINDY H AUTRY TRUSTEE 1.0 0.0 X 0 0 0 ROBERT L BELL TRUSTEE 1.0 0.0 X BARBARA E BOUKNIGHT TRUSTEE 1.0 0.0 X MARK C CALLAWAY DISTINGUISHED TRUSTEE 1.0 0.0 X REV JAMES CASON TRUSTEE 1.0 0.0 X SHARYN DOANES-BERGIN TRUSTEE 1.0 0.0 X BISHOP MARSHALL GILMORE TRUSTEE EMERITUS 1.0 0.0 X MICHAEL JOHNSON STUDENT REPRESENTATIVE 0.0 0.0 X DR ORA MCCONNER JONES TRUSTEE EMERITUS 1.0 0.0 X DR WILLIAM LAWLESS FACULTY REPRESENTATIVE 40.0 0.0 X EILEEN LITTLEJOHN TRUSTEE 1.0 0.0 X MS JESSYE NORMAN DISTINGUISHED TRUSTEE 1.0 0.0 X LUCIUS H PITTS JR TRUSTEE 1.0 0.0 X DR CLEMENT ALEXANDER PRICE TRUSTEE 1.0 0.0 X DR LOUISE RICE TRUSTEE 1.0 0.0 X REV DUMAS SHELNUTT JR TRUSTEE 1.0 0.0 X MR FRED THOMPSON TRUSTEE 1.0 0.0 X BISHOP BENJAMIN MICHAEL WATSON TRUSTEE 1.0 0.0 X JERRY D WOODFORK SR TRUSTEE 1.0 0.0 X BISHOP KENNETH W CARTER VICE CHAIR 1.0 0.0 X DR CARMICHAEL CRUTCHFIELD SECRETARY 1.0 0.0 X DR VARNELL GAINES TREASURER 1.0 0.0 X DR SILAS NORMAN JR CHAIR 1.0 0.0 X DR DAVID PETERSON CHAIR-ELECT 1.0 0.0 X DR GEORGE C BRADLEY PRESIDENT 40.0 0.0 X 177885 7673 177885 0 7673 1 false true false ABL Enterprises PO BOX 613128 MEMPHIS TN 381013128 FOOD SERVICES 1137474 Management Professionals 1411-D Diggs Drive RALEIGH NC 27603 CONSTRUCTION SVCS 418450 BDO PO BOX 642743 PITTSBURGH PA 152642743 ACCOUNTING SERVICES 321167 University Lease PO BOX 2509 SANTA ANA CA 92707 LEASING SERVICES 453109 Jenzabar PO Box 845939 BOSTON MA 022845939 INFORMATION TECH. 192434 11 5194137 2409214 193891 7603351 TUITION & FEES 611710 12150363 12150363 AUXILIARY ENTERPRISES 611710 3357829 3357829 15508192 219346 219346 0 0 0 0 0 4087505 3756911 330594 330594 330594 0 0 0 OTHER INCOME 611710 81995 81995 81995 23743478 15590187 549940 0 2231246 2231246 0 0 744821 0 744821 0 0 8988834 8988834 0 2072919 1360425 712494 0 279158 279158 143827 143827 327442 327442 115572 115572 0 125418 125418 0 59181 14270 44911 483365 328385 154980 115259 115259 0 1027973 1027973 617144 503750 113394 0 0 584862 584862 0 1077487 1077487 580993 580993 OTHER EXPENSES 3183726 3183726 AUXILIARY ENTERPRISES 2070721 2070721 ACADEMIC SUPPORT 298021 298021 PROVISION FOR DOUBTFUL ACCTS 1532264 1532264 26660233 23281077 3379156 0 694089 738873 639325 357571 2765777 787971 2264744 2068748 0 0 0 0 0 0 0 0 74101 120001 42553467 20472684 22395527 22080783 7741863 8831668 0 0 0 0 0 0 636030 535591 37211456 35521206 2609145 4679304 0 0 0 0 0 0 0 0 0 0 10393289 7756161 0 0 4719102 6004232 17721536 18439697 X 9264971 6855935 5136573 5094372 5088376 5131202 19489920 17081509 37211456 35521206 -2916755 508344 X X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true 115572 115572 false SCHEDULE C, PART II-b, LINE 1i Rasky Baerlein is Paine College's strategic communications partner in Washington, D.C. that handles its federal dealings. Rasky Baerlein's extensive strategic communications and bi-partisan government relations services include; public relations, corporate communications, digital strategies, public affairs, lobbying, crisis, litigation, and reputation management, marketing communications, grassroots organizing and coalition building, media and presentation training, public sector business development and international representation. 8670115 42826 1170818 440380 114158 9329221 8577776 47943 613570 430057 139117 8670115 9140647 109291 -163012 433549 75601 8577776 8269791 60516 1212760 402420 9140647 7977525 339244 546240 593218 8269791 0.55000 0.45000 false false 1863022 1863022 29557137 11695640 17861497 615754 615754 9559007 7277872 2281135 958547 883418 75129 22080783 0 LINE OF CREDIT ARRANGEMENTS 5463503 CAPITAL LEASE OBLIGATION 422493 GOVERNMENT ADVANCES-STUDENT LO 118236 6004232 X 22020576 508344 508344 21512232 2231246 2231246 23743478 24428987 24428987 2231246 2231246 26660233 PART V, LINE 4 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS TEMPORARILY RESTRICTED-NET ASSETS RESULTING FROM CONTRIBUTIONS RESTRICTED BY OUTSIDE SOURCES ARE REPORTED AS TEMPORARILY RESTRICTED AND ARE DISTINGUISHED FROM UNRESTRICTED NET ASSETS ALLOCATED TO SPECIFIC PURPOSE BY ACTION OF THE GOVERNING BOARD. EXTERNALLY RESTRICTED NET ASSETS MAY ONLY BE UTILIZED IN ACCORDANCE WITH THE PURPOSES ESTABLISHED BY THE SOURCE OF NET ASSETS AND ARE IN CONTRAST WITH UNRESTRICTED NET ASSETS OVER WHICH THE GOVERNING BOARD RETAINS FULL CONTROL FOR USE IN ACHIEVING ANY OF ITS INSTITUTIONAL PURPOSES. HOWEVER, IF A RESTRICTION IS FULFILLED IN THE SAME TIME PERIOD IN WHICH THE CONTRIBUTION IS RECEIVED, THE COLLEGE REPORTS THE SUPPORT AS UNRESTRICTED. PERMANENTLY RESTRICTED- NET ASSETS ARISING FROM CONTRIBUTIONS WHICH ARE REQUIRED TO BE INVESTED AND MAINTAINED IN PERPETUITY ARE CLASSIFIED AS PERMANENTLY RESTRICTED. NET INVESTMENT INCOME ON ASSETS PLEDGED FOR PERMANENTLY RESTRICTED NET ASSETS IS CLASSIFIED AS RESTRICTED EARNINGS OR GAINS BASED ON RESTRICTIONS PLACED ON THE USE OF THE NET APPRECIATION BY THE DONOR. PART X line 2 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER asc 740 (FIN 48) The College is a tax-exempt organization for both federal and state income tax purposes under Section 501(c)(3) of the Internal Revenue Code. Appropriate federal and state information returns are filed by the College. In addition, the College qualifies for the charitable contribution deduction under Section 170(b)(1)(A) and has been classified as an organization that is not a private foundation under Section 509(a)(2). The College analyzed its tax positions for the year ended June 30, 2014 and determined that there were no uncertain tax positions that would have a material impact on the Colleges financial statements. PARTS XI & XII, LINE 4B $2,231,246 REPRESENTS INSTITUTIONAL SCHOLARSHIP ALLOWANCES true true true true true true true false false false false false false false false true false true PART I, LINE 3 PUBLICATION OF A NONDISCRIMINATION POLICY The College does not discriminate on the basis of race, color, national origin, religion, sex, disability, or age in any of its policies, procedures or practices. This is communicated on the College's website and on applications. PART I, LINE 6a The College is a participant in the department of education Title IV program. The students received various Federal and State grants including Pell, SEOG and Work-study. true INSTITUTIONAL SCHOLARSHIPS & GRANTS 448 2231246 PART I, LINE 2 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS THE ADMISSIONS OFFICE MAKES THE DETERMINATION FOR THE INSTITUTIONAL (SCHOLASTIC-ACADEMIC, CSRA, PRESIDENTIAL, TRANSFER) SCHOLARSHIPS. THE CRITERIA IS BASED ON HIGH SCHOOL GRADE POINT AVERAGE, ACT OR SAT SCORES, AND COLLEGE GPA AND EARNED HOURS. ONCE ADMISSIONS DETERMINES ELIGIBILITY, AWARDS ARE DISTRIBUTED BY THE FINANCIAL AID OFFICE. X true true X X false false false false false false false false false DR GEORGE C BRADLEY PRESIDENT 177885 0 0 7673 0 0 0 185558 0 0 0 X 1 55000 APPRAISAL X SOFTWARE 1 138891 FMV 1 false false false FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 WAS PRESENTED TO THE AUDIT COMMITTEE FOR THEIR APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY IT IS THE POLICY OF PAINE COLLEGE TO PROHIBIT ITS EMPLOYEES FROM ENGAGING IN ANY ACTIVITY, PRACTICE, OR ACT WHICH CONFLICTS WITH, OR APPEARS TO CONFLICT WITH, THE INTEREST OF THE COLLEGE, ITS DONORS, OR ITS CUSTOMER ORGANIZATIONS. EMPLOYEES HAVE AN OBLIGATION TO AVOID CONFLICT OF INTEREST AND THE APPEARANCE OF CONFLICT OF INTEREST AND TO REFER QUESTIONS OR CONCERNS ABOUT POTENTIAL CONFLICTS OF INTEREST TO THEIR SUPERVISOR. FORM 990, PART VI, SECTION B, LINE 14 RETENTION OF RECORDS ALL RECORDS MUST BE RETAINED FOR THE LENGTH OF TIME SPECIFIED BY THE FEDERAL OFFICE OF MANAGEMENT & BUDGET. IF ANY LITIGATION WERE INITIATED PRIOR TO THE SIX-YEAR LIMITATION, RECORDS MUST BE KEPT UNTIL THE RESOLUTION OF ALL ISSUES ARISING FROM THESE ACTIONS. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING COMPENSATION THE EXECUTIVE DIRECTOR'S COMPENSATION SHALL BE REVIEWED AND SET ANNUALLY BY THE EXECUTIVE COMMITTEE AFTER THE EXECUTIVE SESSION. FORM 990, PART VI, SECTION C, LINE 18 FORMS 1023 AND 990 ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 PAINE COLLEGE'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. form 990, part xii, line 2c PAINE COLLEGE'S FINANCE COMMITTEE CONSTITUTES A STANDING COMMITTEE OF THE BOARD AND RECOMMENDS FOR APPROVAL OF THE BOARD, AN ACCOUNTANT OR FIRM OF ACCOUNTANTS, TO REVIEW THE FINANCIAL OPERATIONS OF THE ORGANIZATION.