2015-05-14T14:50:49-05:00 2014-06-30 Grant Thornton LLP 201 S COLLEGE ST STE 2500 CHARLOTTE NC 28244 990 2013-07-01 250983069 Johnson C Smith University % GREG PETZKE JOHN 7043781000 100 Beatties Ford Road Suite Charlotte NC 28216 Greg W Petzke VP and CFO 7043781000 2015-05-12 true MICHELE N MELCHIOR P00488037 7043781000 2013 2016-02-25 16:41:14Z Dr Ronald Carter 100 Beatties Ford Charlotte NC 28216 47867585 false X www.jcsu.edu X 1867 NC Johnson C. Smith University offers a liberal arts education to a diverse group of talented and motivated students in preparation for advanced study and specific careers. 21 19 1065 20 -15970 -63521 9573939 14681738 37217215 30498508 138805 255240 172920 218278 47102879 45653764 9794666 8753333 0 0 21695444 21292744 0 0 1823498 25653225 23093554 57143335 53139631 -10040456 -7485867 134416542 142828131 15490074 21694822 118926468 121133309 X THE MISSION OF JOHNSON C. SMITH UNIVERSITY IS TO PROVIDE AN OUTSTANDING EDUCATION FOR A DIVERSE GROUP OF TALENTED AND HIGHLY MOTIVATED STUDENTS FROM VARIOUS ETHNIC, SOCIOECONOMIC, AND GEOGRAPHICAL BACKGROUNDS. THE UNIVERSITY OFFERS A LIBERAL ARTS EDUCATION IN CONJUNCTION WITH CONCENTRATED STUDY IN SPECIALIZED FIELDS, IN PREPARATION FOR ADVANCED STUDY AND SPECIFIC CAREERS. THE UNIVERSITY ENDEAVORS TO PRODUCE GRADUATES WHO ARE ABLE TO COMMUNICATE EFFECTIVELY, THINK CRITICALLY, LEARN INDEPENDENTLY AS WELL AS COLLABORATIVELY, AND DEMONSTRATES COMPETENCE IN THEIR CHOSEN FIELDS. FURTHER, IT PROVIDES AN ENVIRONMENT IN WHICH STUDENTS CAN FULFILL THEIR PHYSICAL, SOCIAL, CULTURAL, SPIRITUAL, AND OTHER PERSONAL NEEDS THROUGH WHICH THEY CAN DEVELOP A COMPELLING SENSE OF SOCIAL AND CIVIC RESPONSIBILITY FOR LEADERSHIP AND SERVICE IN A DYNAMIC, MULTICULTURAL SOCIETY. LIKEWISE, THE UNIVERSITY EMBRACES ITS RESPONSIBILITY TO PROVIDE LEADERSHIP, SERVICE, AND LIFELONG LEARNING TO THE LARGER COMMUNITY. REG false false 11543878 19821731 INSTRUCTION: JOHNSON C. SMITH UNIVERSITY OFFERS INSTRUCTIONS IN VARIOUS LIBERAL ARTS PROGRAMS. FOR THE REPORTING PERIOD THE UNIVERSITY HAD ALMOST 1,800 STUDENTS MATRICULATING IN THESE PROGRAMS. JOHNSON C. SMITH UNIVERSITY HAS 3 COLLEGES FROM WHICH STUDENTS CAN CHOOSE VARIOUS MAJORS: COLLEGE OF ARTS AND LETTERS, COLLEGE OF PROFESSIONAL STUDIES, AND COLLEGE OF SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS. 8437882 1845246 STUDENT SERVICES: JOHNSON C. SMITH UNIVERSITY OFFERS A WIDE RANGE OF SERVICES TO ITS STUDENTS. THESE PROGRAMS INCLUDE THE FOLLOWING SERVICES: PLACEMENT AND CAREER COUNSELING, ADMISSION, REGISTRAR, FINANCIAL AID, SPORTS AND VARIOUS OTHER STUDENT ACTIVITIES. 4755734 1969214 ACADEMIC SUPPORT: OUR ACADEMIC SUPPORT SERVICES INCLUDES INFORMATION TECHNOLOGY, LIBRARY SERVICES, SMART CLASSROOMS, AND FACULTY TRAINING. EVERY FULLTIME STUDENT AT JOHNSON C. SMITH UNIVERSITY RECEIVES A LAPTOP. OUR LIBRARY CONTINUES TO UPDATE ITS BOOK CATALOGS. IN ADDITION, STUDENTS HAVE ACCESS TO A WIDE RANGE OF ONLINE CATALOGS. JOHNSON C. SMITH UNIVERSITY IS IN THE PROCESS OF TRANSFORMING ALL ITS TRADITIONAL CLASSROOMS INTO SMART CLASSROOMS BY PLACING TECHNOLOGY AT THE STUDENT'S FINGER TIP. 1063318 Public Service 8753333 8753333 Student Assistance 8855448 6128945 Auxiliary Service (Room and Board) 18672099 8753333 6128945 43409593 true true false false false false true false true true true false false true true true false true false true false false false true false false false true true true false false false false false false false false false true true true false false false false false false false true 176 0 1065 true true true false false false false true true false false false false X 21 19 false false false false false false false true true false false true true true true true true true false false NC X GREG PETZKE 7043781190 100 BEATTIES FORD ROAD Charlotte NC 28216 X Linette Fox Instructor/Trustee 40.0 X 77425 0 11015 Thomas Barnhardt Trustee 1.0 X 0 0 0 Steven L Boyd Trustee 1.0 X 0 0 0 Melva Wilson Costen Trustee 1.0 X 0 0 0 J Porter Durham Jr Trustee 1.0 X 0 0 0 Parran L Foster III Trustee 1.0 X 0 0 0 Cameron M Harris Trustee 1.0 X 0 0 0 Willard T Fair Trustee 1.0 X 0 0 0 Kevin Henry Trustee 1.0 X 0 0 0 Shirley Hughes Vice-Chair 1.0 X X 0 0 0 Shaquana Jackson Trustee 1.0 X 0 0 0 Michael Jones Trustee 1.0 X 0 0 0 Monroe Miller Chairman 1.0 X X 0 0 0 Patricia Morton Trustee 1.0 X 0 0 0 Gregory W Norwood Trustee 1.0 X 0 0 0 Richard J Osborne Trustee 1.0 X 0 0 0 Tami Simmons Secretary 1.0 X X 0 0 0 Grover Smith Trustee 1.0 X 0 0 0 John B Stedman Jr Trustee 1.0 X 0 0 0 McKinley Washington Jr Trustee 1.0 X 0 0 0 James Woodward Trustee 1.0 X 0 0 0 Ronald Lee Carter President 40.0 X 232582 0 35525 Greg W Petzke Vice President - Finance 40.0 X 36323 0 1112 Elfred Pinkard Executive Vice President 40.0 X 170358 0 17749 Joy Paige Vice President - Development 40.0 X 140014 0 16002 Olivia Diane Bowles Assistand VP GSPAR 40.0 X 128519 0 18333 Magdy Attia Dean of STEM 40.0 X 122834 0 26090 Stephen Joyner Athletic Director 40.0 X 106102 0 14094 Hang Chen Instructor 40.0 X 108426 0 17007 1122583 0 156927 9 false true false Messer Construction Company 5158 Fishwick Drive CINCINNATI OH 45216 Construction 10237067 Perkins Management Services 129 West Trade Street Suite 1260 CHARLOTTE NC 28202 Food Mgt. Services 2648840 Mosaic Village Holdings LLC 19109 West Catawba Avenue Suite 200 CORNELIUS NC 28031 Property Management 1970000 National Management Resources 113 Corporate Park LAGRANGE GA 30241 Physical Plant Mgt. 1658001 WB Properties Construction LLC 6260 Ocean Hwy 17 West OCEAN ISLE BEACH NC 28469 Construction 1607356 28 235956 129290 4199951 10116541 36985 14681738 INSTRUCTION 611600 19821731 19821731 ROOM AND BOARD 721310 6128945 6128945 ACADEMIC SUPPORT 611710 1969214 1969214 STUDENT SERVICES 611710 1845246 1845246 INSTITUTIONAL SUPPORT 611710 733372 733372 30498508 117240 -33129 150369 0 0 126606 126606 0 126606 17159 109447 2221747 2083747 138000 138000 138000 129290 129290 130074 -784 -784 0 0 VENDING AND MISCELLANEOUS 900099 92456 92456 92456 45653764 30498508 -15970 489488 0 8753333 8753333 0 0 666685 88437 578248 0 17444862 13503755 2834173 1106934 322992 245644 47482 29866 1434507 1083091 258348 93068 1423698 1088757 247487 87454 4662479 4265084 355808 41587 479 479 368544 368544 0 0 520453 957 519496 4024980 3101641 871557 51782 50286 32941 8478 8867 2303821 1378287 808039 117495 1136314 867892 217126 51296 0 4096169 3985721 108048 2400 1067716 938852 109539 19325 0 624708 417901 144193 62614 509034 463805 36586 8643 0 3034920 2686456 281872 66592 221330 208099 13231 SUBSCRIPTION AND MEMBERSHIP 356468 232407 92550 31511 PUBLIC RELATIONS 115853 66054 5735 44064 53139631 43409593 7906540 1823498 X 2310 2381 13765038 8788212 19324378 13687297 1180052 772707 0 0 0 0 981525 811766 0 0 752748 736764 122428700 66990359 43224040 55438341 0 33091 53785653 61091993 0 0 0 0 1400798 1465579 134416542 142828131 5321443 8354085 329132 329132 24658 22948 4140000 4072500 0 0 0 0 3959671 6872957 0 0 1715170 2043200 15490074 21694822 X 43058068 49717060 42705851 37050039 33162549 34366210 118926468 121133309 134416542 142828131 -7485867 9692708 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 36985 131918 X X false 53785654 276416 9769291 2169959 53110 483209 61125083 50254408 150088 5553749 2091806 52004 28781 53785654 50425092 661737 473336 941726 52004 312027 50254408 43189763 890081 8643625 765438 67486 1465453 50425092 37154397 1497892 4964393 233685 169350 23884 43189763 0.19000 0.49700 0.31300 false false 774257 774257 46120603 31139068 14981535 29793304 8334237 21459067 24982408 21957714 3024694 20758128 5559340 15198788 55438341 GLOBAL ENDOWMENT FUND II, LP 54893045 F FORESTER OFFSHORE LTD 4959994 F PORTFOLIO ADVISORS P.E. FUND V 729369 F FT. WASHINGTON P.E. INVES. VII 483594 F LIFE INSURANCE TRUST 25991 F 61091993 0 CAPITAL LEASE OBLIGATION 774233 ASSET RETIREMENT OBLIGATION 1268967 2043200 X 46464633 9692708 -8753333 939375 45525258 128506 128506 45653764 44257792 -128506 -128506 44386298 8753333 8753333 53139631 Description of Organization's Collections Schedule D, Part III, Line 4 The University has acquired several pieces of art over the years through donations from various alumni and other donors. Many of these items are hung in the James B. Duke library for students attending the school to enjoy as part of their educational experience. Intended Uses of Endowment Funds Schedule D, Part V, Line 4 The intended uses of the University's endowment funds are to fund scholarships, professorships, professional development and maintenance. Liability for Uncertain Tax Position (ASC 740) Schedule D, Part X, Line 2 On July 1, 2007, the University adopted the provision of (ASC), Accounting for Uncertainty in Income Taxes - an interpretation of ASC Statement No. 109 (FIN 48). FIN 48 addresses the accounting for uncertainty in income taxes recognized in an entity's financial statements and prescribes a threshold of more-than-likely-than not for recognition and derecognition of tax provisions taken or expected to be taken in a tax return. FIN 48 also provides guidance on measurement, classification, interest and penalties, and disclosure. Supplemental Description - Other Schedule D, Part XI, Line 2d Reclass: Grants to students ($8,753,333) Supplemental Description - Other Schedule D, Part XI, Line 4b Reclass: Special Event Expense ($130,074) Reclass: Special Event Revenue $258,580 Supplemental Description - Other Schedule D, Part XII, Line 2d Reclass: Special Event Expense $130,074 Reclass: Special Event Revenue ($258,580) Supplemental Description - Other Schedule D, Part XII, Line 4b Reclass: Grants to Students $8,753,333 true true true true true true true false false false false false false false false true false true Publication of Racially Nondiscriminatory Policy Schedule E, Part I, Line 3 The university publishes its racially nondiscriminatiory policy in students and employees handbooks which are available to the general community it serves. Government Assistance Schedule E, Part I, Line 6a THE UNIVERSITY IS A PARTICIPANT IN THE DEPARTMENT OF EDUCATION TITLE 4 PROGRAM, DIRECT LOANS. THE UNIVERSITY ALSO RECEIVES VARIOUS FEDERAL AND STATE GRANTS INCLUDING PELL, SEOG, TEACH, AND TITLE 3. false Central America and the Caribbean Investments 5689000 5689000 5689000 false false true true false false President Gala 258580 129290 129290 897 26664 59205 5473 37835 0 258580 129290 129290 897 26664 59205 5473 37835 130074 -784 true Tuition and Fees 886 7869646 Room and Board 159 457015 Books 105 147218 Stipend 95 279454 Procedure for Monitoring Use of Grant Funds Inside U.S. Schedule I, Part I, Line 2 SCHOLARSHIPS ARE GRANTED TO STUDENTS BASED ON ACADEMIC MERIT, ATHLETIC MERIT YND ACADEMIC DISCIPLINE. STUDENT LOANS ARE AWARDED BASED ON FEDERAL ELIGIBILITY GUIDELINES AS PROVIDED BY THE US DEPARTMENT OF EDUCATION DIRECT LENDING PROGRAM. STUDENT ATHLETICS MUST FOLLOW THE RULES SET FORTH BY THE NCAA. ONCE A SCHOLARSHIP HAS BEEN AWARDED, THE UNIVERSITY CHECKS THE RECIPIENTS' GRADE POINT AVERAGE AT THE END OF EACH SCHOOL YEAR TO DETERMINE IF THEY ARE MEETING THE ACADEMIC STANDARD SET FORTH BY THE SCHOOL OR DONOR. THE FINANCIAL AID OFFICE AT JOHNSON C. SMITH UNIVERSITY IS RESPONSIBLE FOR CHECKING EACH ACADEMIC SCHOLARSHIP RECIPIENT'S GRADES BEFORE SCHOLARSHIPS ARE AWARDED FOR THE NEXT SCHOOL YEAR. STUDENTS NOT MEETING SAP (SATISFACTORY ACADEMIC PROGRESS) WILL LOSE THEIR ACADEMIC SCHOLARSHIPS. FOR NEEDS BASED SCHOLARSHIPS AND GRANTS, THE PARENTS OF THE RECIPIENTS ARE REQUIRED TO SUBMIT A COPY OF THE TAX RETURN EACH YEAR TO THE FINANCIAL AID OFFICE BEFORE NEW NEEDS BASED SCHOLARSHIPS ARE AWARDED. STUDENTS RECEIVING ATHLETIC SCHOLARSHIPS MUST MAINTAIN A 2.0 OR HIGHER GRADE POINT AVERAGE AND MUST PASS AT LEAST 6 CREDIT HOURS IN THE FALL SEMESTER AND 24 CREDIT HOURS FOR THE SCHOOL YEAR. THE ATHLETICS COMPLIANCE COORDINATOR CHECKS THE GRADE REPORT FOR EACH STUDENT ATHLETE. EACH STUDENT ATHLETE'S GRADE REPORT IS EXAMINED AT THE END OF THE SEMESTER TO SEE IF HE OR SHE IS MEETING THE SET STANDARDS. IF THEY ARE NOT MEETING STANDARDS, THEY WILL LOSE THEIR SCHOLARSHIPS. FOR ALL SCHOLARSHIPS AND GRANTS, IF A STUDENT WITHDREW FROM THE UNIVERSITY BEFORE COMPLETING 60 PERCENT OR MORE OF A SEMESTER, THEIR FINANCIAL AID INCLUDING INTERNAL SCHOLARSHIPS ARE PRORATED BASED THE R2T4 (RETURN OF TITLE 4 FUNDS) CALCULATION. X X true true X X X X false false false false false false false false false Ronald Lee Carter President 223582 0 0 0 9000 0 9900 0 25625 0 268107 0 0 0 Elfred Pinkard Executive Vice President 170358 0 0 0 0 0 8620 0 9129 0 188107 0 0 0 Joy Paige Vice President - Development 140014 0 0 0 0 0 7103 0 8899 0 156016 0 0 0 Housing allowance or residence for personal use Schedule J, Part I, Line 1a THE PRESIDENT OF THE UNIVERSITY HAS IN HIS CONTRACT SEVERAL ITEMS THAT PERTAIN TO HIS JOB FUNCTION AT THE UNIVERSITY. HE RESIDES IN UNIVERSITY OWNED PROPERTY OFF CAMPUS, AS IS TYPICAL FOR HIS POSITION AS UNIVERSITY PRESIDENT. THE FAIR MARKET VALUE OF PERSONAL USE OF THE PROPERTY IS CALCULATED AND FULLY TAXED TO HIM AS PART OF HIS COMPENSATION IN HIS W-2. Health or social club dues or initiation fees Schedule J, Part I, Line 1a THE UNIVERSITY ALSO PAYS A CLUB MEMBERSHIP FEE FOR THE PRESIDENT TO CONDUCT BUSINESS. THIS MEMBERSHIP IS USED ONLY FOR BUSINESS ACTIVITIES AND NOT FOR ANY PERSONAL BENEFIT TO HIM. A PUBLIC FINANCE AUTHORITY 273866124 2013-05-31 4140000 TO REFUND 1999 BONDS false false false A 4140000 0 4140000 0 0 0 0 0 0 0 4140000 0 1999 true false true true A 0 A false true true true CERTUS BANK 10. false false false 0 false true A true Global Endowment Management See Part V 287764 Investment Fees false PART IV, LINE 1, COLUMN B The Organization has assets invested with Global Endowment Management. The CEO of Global Endowment Management is the husband of Patricia Morton, a board member of this organization. X 4 36985 Art Appraiser 2 false true false Delegation of Authority Form 990, Part VI, 1A In accordance with our By Laws, the executive committee has the following powers: Execution of all of the power and authority of the Board of Trustees in the management and control of the property and affairs of the University when the Board of Trustees is not in session. Members of the executive committee shall be: 1.) Chairman of the Board of Trustees; 2.) the Vice Chairman of the Board of Trustees; 3) the Secretary of the Board of Trustees; 4) all Committee Chairmen; 5) the President of the University; 6.) The Treasurer of the University; 7) the University Counsel, ex officio; and 8) the past Chairman of the Board of Trustees for one (1) years following the election of a new Chairman. The minutes of each meeting of the Executive Committee shall be presented to and reviewed by the board of trustees at its next regular meeting. Form 990 Review Process Form 990, Part VI, Line 11b The University's process for reviewing the IRS Form 990 is as follows: (1) The Vice President of Business and Finance completes a detailed review of the form and discusses the form with the University's outside tax advisors, Grant Thornton and with the University's Accounting and Budget Manager. (2) After the Vice President has completed his review and obtained answers to all his questions, a copy of the form is issued to the President of the University and the Budget and Finance Committee of the Board of Trustees for a second review. All review questions are addressed and any necessary changes are incorporated into the final version of the form 990. The full board of directors is provided a copy of the form 990 prior to filing. Conflict of Interest Policy Monitoring & Enforcement Form 990, Part VI, Line 12c The members of the Board of Trustees each year renew their commitment to the conflict of interest policy. The affirming notices and signatures for each year is kept with the Secretary of the Board of Trustees. The commitment each year is also noted in the minutes to the Board of Trustees meetings. Process for Determining Compensation Form 990, Part VI, Line 15a The Vice Chairman of the Board of Trustees is the Chairman of the Compensation Committee. The members of that committee review the compensation of the President each year. The President is given an evaluation that is filed with the Board of Trustees. The committee utilizes market data, and other factors to determine the compensation of the President of the University. Compensation of other officers or key employees at the university are determined by the university's president based on market rate. How Documents are Made Available to the Public Form 990, Part VI, Line 19 The University will provide information in regards to its annual audit and other documents upon request.