2014-03-29T08:59:40-05:00 2013-06-30 560574444 CHERRY BEKAERT LLP 1111 METROPOLITAN AVENUE SUITE 1000 CHARLOTTE NC 28204 990 2012-07-01 570314374 CLAFLIN UNIVERSITY CLAF 8035355413 400 MAGNOLIA ST ORANGEBURG SC 29115 TIJUANA HUDSON 8035355413 2014-03-26 1 JANICE A RATICA P00358837 7043771678 2012 2015-11-30 17:44:51Z DR HENRY N TISDALE 400 MAGNOLIA ST ORANGEBURG SC 29115 64781874 0 X WWW.CLAFLIN.EDU X 1869 SC CLAFLIN UNIVERSITY IS AN INDEPENDENT, LIBERAL ARTS, CO-EDUCATIONAL, HISTORICALLY BLACK INSTITUTION THAT IS AFFILIATED WITH THE UNITED METHODIST CHURCH. IT IS DEDICATED TO EDUCATIONAL EXCELLENCE AND TO PREPARING STUDENTS WITHOUT REGARD TO GENDER, RACE, RELIGION OR ETHNIC ORIGIN. IT IS COMMITTED TO OFFERING QUALITY UNDERGRADUATE PROGRAMS, SELECT GRADUATE PROGRAMS, AND VIABLE CONTINUING EDUCATION OPPORTUNITIES. IN FISCAL YEAR 2013, APPROXIMATELY 1,961 STUDENTS WERE ENROLLED AT THE UNIVERSITY. 24 22 1168 0 0 -10287 16234630 14586481 36118858 37103460 1108296 1652806 -45800 0 53415984 53342747 6458027 7173322 0 0 22730224 23092111 139121 0 2149650 20847011 20616132 50174383 50881565 3241601 2461182 79951767 83412107 25820862 26461683 54130905 56950424 X CLAFLIN IS COMMITTED TO EXCELLENCE IN TEACHING, RESEARCH, AND CREATIVE EXPRESSION. WE ARE GUIDED BY A SET OF PRINCIPLES THAT HELP US WORK TOWARD OUR GOAL OF EQUIPPING STUDENTS WITH THE NECESSARY TOOLS FOR PERSONAL AND PROFESSIONAL GROWTH. WE ARE COMMITTED TO OFFERING QUALITY UNDERGRADUATE PROGRAMS, INNOVATIVE GRADUATE PROGRAMS, AND VIABLE CONTINUING EDUCATION OPPORTUNITIES. BY DESIGN, WE HAVE EMERGED AS A NATIONAL LEADER IN COMPREHENSIVE EDUCATION AND CONTINUE TO ENGAGE IN A STRATEGIC PLAN WHICH OUTLINES AN ENHANCED VISION OF ACADEMIC EXCELLENCE WITH GREATER EMPHASIS ON RESEARCH, SCHOLARLY CONTRIBUTIONS AND CREATIVE ACTIVITY. 0 0 22444123 7173322 26594423 INSTRUCTIONAL:PROVIDE EDUCATIONAL OPPORTUNITY FOR STUDENTS OF POTENTIAL WHO DESIRE A LIBERAL ARTS EDUCATION WITHIN A CHRISTIAN ENVIRONMENT. IN FISCAL YEAR 2012, APPROXIMATELY 1,961 STUDENTS WERE ENROLLED AT THE UNIVERSITY. 6269297 9638427 AUXILLIARY SERVICES: 3835346 870610 STUDENT SERVICES: 6171814 OTHER SERVICES INCLUDE A WIDE RANGE OF PROGRAMS INCLUDING RESEARCH, LIBRARY SERVICES, PUBLIC SERVICES, AND ACADEMIC SUPPORT. 6171814 38720580 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 201 0 1 1168 1 1 1 0 0 0 0 0 0 0 0 0 X 24 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 SC X TIJUANA HUDSON 8035355197 400 MAGNOLIA STREET ORANGEBURG SC 29115 MR MICHAEL R BRENAN 0.50 X 0 0 0 MR MOSES L HARVIN 0.50 X 0 0 0 DR ALBERT HUMPHREY 0.50 X 0 0 0 DR CAROLYN JENKINS 0.50 X 0 0 0 MR KEITH M CLARKE 0.50 X 0 0 0 REV LARRY D MCCUTCHEON 0.50 X 0 0 0 MS CYNTHIA ANDERSON 0.50 X 0 0 0 MR GREGORY A CUMMINGS 0.50 X 0 0 0 MR DAVID CAMPBELL 0.50 X 0 0 0 MS VIRGINIA MAXWELL GROSE 0.50 X 0 0 0 MR ISAAC TEMPLETON JR 0.50 X 0 0 0 MR MARSHALL CLARKE 0.50 X 0 0 0 MR C JOHN HIPP III 0.50 X 0 0 0 MR WILLIAMS JOHNSON 0.50 X 0 0 0 MR JAMES LEHMAN 0.50 X 0 0 0 MR KENNETH E MIDDLETON 0.50 X 0 0 0 MR CALVIN ELAM 0.50 X 0 0 0 REV HUGH A WESTBROOK 0.50 X 0 0 0 MR WILLIE L FRAZIER 0.50 X 0 0 0 MR PAUL V FANT 0.50 X X 0 0 0 MR JAMES A BENNETT 0.50 X X 0 0 0 MS NANCY WILSON YOUNG 0.50 X X 0 0 0 MR TED CREECH 0.50 X X 0 0 0 DR HENRY N TISDALE 40.00 X 321673 0 67910 KARL WRIGHT 40.00 X 95938 0 2607 ZIA HASAN 40.00 X 175746 0 0 LEROY A DURANT 40.00 X 150374 0 3601 DREXEL BERNARD BALL 40.00 X 149695 0 7982 WHITTAKER VERNON MIDDLETON 40.00 X 148486 0 1886 TIJUANA HUDSON 40.00 X 140500 0 10633 OMAR BAGASRA 40.00 X 124549 0 7982 ANGELA PETERS 40.00 X 103167 0 10633 1410128 0 113234 16 0 1 0 SODEXHO INC & AFFLIATES PO BOX 352 BUFFALO NY 14240 FOOD & PLANT SERVICES 6387163 NEBRASKA BOOKS 4700 S 19TH STREET LINCOLN NE 68512 MANAGEMENT OF BOOK STORE 831389 SOUTHERN ENERGY MANAGEMENT 101 KITTY HAWK DRIVE MORRISVILLE NC 27560 CONSTRUCTION 726918 PDA DESIGN SERVICES INC 25350 HIGHWAY 101 SOUTH GREER SC 29651 ARCHITECTURAL SERVICES 359316 EUTAW HOTEL PROPERTY LLC 4679 FT JACKSON BLVD COLUMBIA SC 29209 STUDENT HOUSING MANAGEMENT 241151 22 9323375 5263106 14586481 TUITION AND FEES 900099 26594423 26594423 ROOM AND BOARD FEES 900099 9638427 9638427 OTHER REVENUE 900099 870610 870610 37103460 462237 462237 12629096 600 11438576 551 1190520 49 1190569 1190569 53342747 37103460 0 1652806 7173322 7173322 817849 817849 19209755 14858142 3296238 1055375 781040 506943 236513 37584 864683 804507 2000 58176 1418784 1067481 274382 76921 156158 156158 182956 182956 2958158 2857876 100282 172378 39390 17950 115038 1759522 1316286 239147 204089 2279839 496288 1739975 43576 1316797 1013021 199891 103885 279411 199835 79576 2823580 2034825 788755 585648 585648 O&M ALLOCATIONS 3380072 3380072 REPAIRS & MAINTENANCE 2072634 460209 1556967 55458 HONORARIA 105478 101957 75 3446 EDUCATION TRAINING 22796 19383 2954 459 2520705 2208087 17257 295361 50881565 38720580 10011335 2149650 969679 1033295 323885 275210 5518916 5367376 924296 740908 1075763 1017917 240518 251300 89679279 38682106 51322493 50997173 19330931 22130874 245286 1598054 79951767 83412107 4202978 4862679 1428577 1162411 16160000 17990251 653000 120225 3376307 2326117 25820862 26461683 X 31057631 31814946 4186981 4495303 18886293 20640175 54130905 56950424 79951767 83412107 X 2461182 239835 118502 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 13052199 1559172 1037237 784172 14864436 12879457 997770 99580 924608 13052199 10876199 1210620 2005586 1212948 12879457 9419818 867897 777356 188872 10876199 9637315 1570951 -1344267 444181 9419818 0.96100 0.03900 0 0 1161260 1161260 62625662 27583461 35042201 25198433 11098645 14099788 693924 693924 50997173 MONEY FUNDS 2305968 F UMC BOARD COLLEGE FUND 335101 F UMC BOARD INV. POOL 982492 F MONEY MARKET 674048 F FUNDS HELD IN TRUSTS 423404 F CORPORATE STOCKS 5100403 F CORPORATE BONDS 2939223 F GOVERNMENT BONDS 5454379 F MUTUAL FUNDS 3915856 F 22130874 DEPOSITS HELD IN CUSTODY FOR OTHERS 748075 U. S. DEP. OF EDUC. ADVANCES 1266290 OBLIGATIONS UNDER CAPITAL LEASE 176039 OTHER LIABLITIES 135713 2326117 X 44516619 239835 -7173322 -6933487 51450106 182956 1709685 1892641 53342747 43525287 0 43525287 182956 7173322 7356278 50881565 PART III, LINE 4: THE MUSEUM, AS WELL AS POINTS ABOUT THE CAMPUS GROUNDS, CONTAIN BOTH PERMANENT AND ONGOING ART EXHIBITS AND ARE OPEN TO UNIVERSITY STUDENTS AND THE PUBLIC. PUBLIC SCHOOL STUDENTS AND THE LOCAL COMMUNITY OFTEN VISIT THE MUSEUM AND OTHER PARTS OF THE CAMPUS WHERE ART IS EXHIBITED. THE MUSEUM IS AN INTEGRAL PART OF OUR PEDAGOGY FOR STUDENTS MAJORING IN ART, AS WELL AS ALL OTHER STUDENTS. THE MUSEUM COLLECTION, AND OTHER ART ABOUT THE CAMPUS, FURTHER SUPPORT THE MISSION OF THE UNIVERSITY BY PROVIDING VALUABLE EXPOSURE TO THE ARTS FOR OUR STUDENTS AND WORKING TO PRESERVE THE ARTS FOR FUTURE GENERATIONS. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ENDOWMENT FUNDS ARE ESTABLISHED FOR A VARIETY OF EDUCATIONAL PURPOSES BASED ON DONOR-IMPOSED RESTRICTIONS IN THE GIFT. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: MANAGEMENT HAS EVALUATED THE EFFECT OF FASB GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE GUIDANCE CLARIFIED THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS BY PRESCRIBING A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE UNIVERSITY'S POLICY IS TO RECORD A LIABILITY FOR ANY TAX POSITION TAKEN THAT IS BENEFICIAL TO THE UNIVERSITY, INCLUDING ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT THE POSITION TAKEN BY MANAGEMENT WITH RESPECT TO A TRANSACTION OR CLASS OF TRANSACTIONS WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT BELIEVES THERE ARE NO SUCH POSITIONS AS OF JUNE 30, 2013 AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. PART XI, LINE 2D - OTHER ADJUSTMENTS: TUITION DISCOUNTS SHOWN AS NET OF REVENUE ON FINANCIAL STATEMENTS -7,173,322. PART XI, LINE 4B - OTHER ADJUSTMENTS: UNREALIZED GAIN/LOSS ON INTEREST RATE SWAP -195,478. FUNDRAISING EXPENSES SHOWN NET OF REVENUE ON 990 CHANGE IN BENEFICIAL INTEREST OF TRUSTS -46,071. INVESTMENT INCOME SHOWN AS NON-OPERATING ITEMS ON FINANCIALS 1,951,234. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES SHOWN NET OF REVENUE ON 990 PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNTS SHOWN AS NET OF REVENUE ON FINANCIAL STATEMENTS 7,173,322. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 NON-DISCRIMINATION STATEMENTS ARE PRINTED ON THE APPLICATION FOR ADMISSIONS AND COLLEGE BROCHURE MATERIALS. IT IS ALSO BROADCAST IN MEDIA AND NEWSPAPER ON AN ANNUAL BASIS. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 CLAFLIN UNIVERSITY RECEIVES FINANCIAL AID AND/OR ASSISTANCE FROM VARIOUS AGENCIES OF THE UNITED STATES AND AGENCIES OF THE GOVERNMENT OF THE STATE OF SOUTH CAROLINA. THE FINANCIAL AID AND/OR ASSISTANCE IS FOR RESEARCH PERFORMED BY PROFESSORS OF THE UNIVERSITY FOR VARIOUS AGENCIES. OTHER FINANCIAL AID AND/OR ASSISTANCE ARE PASSTHROUGH FUNDS OF THE TITLE IV AND/OR STATE OF SOUTH CAROLINA FINANCIAL AID FOR ITS STUDENTS, AS WELL AS AGENCY FUNDS WHEREBY THE UNIVERSITY IS A DISBURSING AGENT ACTING ON BEHALF OF A GOVERNMENT AGENCY. 1 TUITION DISCOUNTS & SCHOLARSHIPS 7173322 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE COLLEGE'S PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS REQUIRES THE VERIFICATION OF 1) ENROLLMENT STATUS, 2) NUMBER OF HOURS ENROLLED, 3) NUMBER OF EARNED CREDIT HOURS, 4) GPA, AND 5) HOUSING STATUS. IN ADDITION, A REVIEW OF STUDENT ACADEMIC PERFORMANCE IS CONDUCTED EACH SEMESTER TO DETERMINE OVERALL STANDING IN RELATION TO THE COLLEGE'S ESTABLISHED SATISFACTORY ACADEMIC POLICY (SAP). X X 1 1 X X 0 1 0 0 0 0 0 0 0 DR HENRY N TISDALE 321673 0 0 0 0 0 67910 0 0 0 389583 0 0 0 ZIA HASAN 175746 0 0 0 0 0 0 0 0 0 175746 0 0 0 LEROY A DURANT 150374 0 0 0 0 0 0 0 3601 0 153975 0 0 0 DREXEL BERNARD BALL 149695 0 0 0 0 0 0 0 7982 0 157677 0 0 0 WHITTAKER VERNON MIDDLETON 148486 0 0 0 0 0 0 0 1886 0 150372 0 0 0 TIJUANA HUDSON 140500 0 0 0 0 0 0 0 10633 0 151133 0 0 0 PART I, LINE 1A THE PRESIDENT IS PROVIDED WITH A RESIDENCE FOR PERSONAL USE. THE RESIDENCE IS PROVIDED FOR THE CONVENIENCE OF THE COLLEGE IN HAVING THE FUNCTIONS OF THE OFFICE OF THE PRESIDENT EFFICIENTLY CONDUCTED AND AS A CONDITION OF EMPLOYMENT AS PRESIDENT OF THE COLLEGE. THE PRESIDENT IS ALSO PROVIDED WITH CLEANING SERVICES FOR HIS RESIDENCE. PART I, LINE 4B AMOUNTS CONTRIBUTED TO DR. TISDALE'S SECTION 457F AND 457B PLANS WERE $54,910 AND $13,000, RESPECTIVELY. A EDUCATIONAL FACILITIES AUTHORITY FOR PRIVATE INSITUTIONS OF HIGHER LEARNING 576000286 836896EX4 2003-06-02 20000000 EDUCATIONAL FACILITIES 0 0 0 A 2005 0 0 0 0 A 0 0 0 0 0 0 0 A 0 0 0 0 1 1 BANK OF AMERICA 7.000000000000 0 0 0 0 0 AT&T TED CREECH, BOARD OF TRUSTEES MEMBER IS AT&T'S DIRECTOR OF EXTERNAL AFFAIRS 243067 TED CREECH IS A MEMBER OF THE BOARD OF TRUSTEES OF CLAFLIN UNIVERSITY AND ALSO THE DIRECTOR OF EXTERNAL AFFAIRS FOR AT&T. AT&T PROVIDED TELEPHONE SERVICES TO THE UNIVERSTIY. THE TRANSACTIONS WERE CONDUCTED AT ARM'S LENGTH AND AT FAIR MARKET VALUE. 0 FORM 990, PART VI, SECTION B, LINE 11 THE BOARD WILL RECEIVE AN ELECTRONIC COPY OF THE 990 PRIOR TO FILING FOR THIER REVIEW AND COMMENTS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICTS OF INTEREST POLICY IS REVIEWED ANNUALLY DURING THE FALL BOARD MEETING. BOARD MEMBERS AND KEY EMPLOYEES SIGN AN ANNUAL STATEMENT TO ACKNOWLEDGE THAT NO CONFLICTS EXIST. IN THE COURSE OF MEETINGS AND/OR ACTIVITIES, A BOARD MEMBER OR KEY EMPLOYEE WILL DISCLOSE ANY INTERESTS IN A TRANSACTION OR DECISION WHERE HE/SHE, INCLUDING THEIR BUSINESS AND/OR OTHER NON-PROFIT AFFILIATIONS, FAMILY AND/OR SIGNIFICANT OTHER, EMPLOYER, OR CLOSE ASSOCIATE WILL RECEIVE A POTENTIAL BENEFIT OR GAIN. AFTER DISCLOSURE OF ANY POSSIBLE CONFLICT OF INTEREST, THE PERSON WILL BE ASKED TO LEAVE THE ROOM FOR THE DISCUSSION AND WILL NOT BE PERMITTED TO VOTE ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION USES COMPARABILITY DATA (FROM FORMS 990 OF OTHER ORGANIZATIONS AND FROM COMPENSATION SURVEYS) TO DETERMINE THE SALARY FOR THE PRESIDENT. THE PRESIDENT'S SALARY IS DETERMINED AND APPROVED BY THE INDEPENDENT BOARD OF TRUSTEES AFTER AN ANNUAL REVIEW AND AFTER THE COMPARABILITY DATA IS REVIEWED. THE INDIVIDUALS APPROVING THE COMPENSATION AND THE DATA UPON WHICH THEY RELIED IS DOCUMENTED BY FORMAL LETTER TO THE PRESIDENT. THE PRESIDENT FOLLOWS SIMILAR GUIDELINES IN HIS DETERMINATION OF COMPENSATION FOR OTHER KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTEREST IN TRUST 46,071. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 195,478. LOSS ON EXTINGUISHMENT OF DEBT -123,047. AUDIT COMMITTEE PROCESS: FORM 990 PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.