PRESBYTERIAN COLLEGE: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- PRESBYTERIAN COLLEGE (EIN 57-0314408)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2014-05-14
- IRS object ID
- 201431349349305213
- Schema version
- 2012v2.1
- 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 F
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-05-14T13:56:22-05:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 560574444 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHERRY BEKAERT LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1111 METROPOLITAN AVE STE 1000 | AddressLine1 |
| City | CHARLOTTE | City |
| State | NC | State |
| ZIP Code | 28204 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 570314408 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PRESBYTERIAN COLLEGE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | PRES | NameControl |
| Phone | 8648332820 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 975 | AddressLine1 |
| City | CLINTON | City |
| State | SC | State |
| ZIP Code | 29325 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | SUSAN MADDUX | Name |
| Title | VP OF FINANCE & ADMINISTRATION | Title |
| Phone | 8648332820 | Phone |
| Date Signed | 2014-05-14 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | KELLIANNE F BENSON | Name |
| PTIN | P01345659 | PTIN |
| Phone | 7043771678 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | CLAUDE C LILLY | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 503 S BROAD STREET | AddressLine1 |
| City | CLINTON | City |
| State | SC | State |
| ZIP Code | 29325 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 87254672 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.PRESBY.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1880 | YearFormation |
| State Legal Domicile | SC | StateLegalDomicile |
| Activity Or Mission Description | PRESBYTERIAN COLLEGE EXISTS TO PROVIDE AN EDUCATION IN THE ARTS AND SCIENCES WITHIN A DISTINCTLY CHRISTIAN CONTEXT. THE PURPOSE IS SET FORTH WITH THE CONVICTION THAT EDUCATION IN THE LIBERAL ARTS TRADITION CAN BE ACHIEVED SUCCESSFULLY ONLY THROUGH AN ACADEMIC PROGRAM WHICH IS CHARACTERIZED BY EXCELLENCE AND THROUGH ACTIVITIES WHICH CONTRIBUTE TO GROWTH OF ABLE MINDS, SOUND BODIES, AND STRONG MORAL CHARACTER. THE COLLEGE CALLS FOR THE PURSUIT OF LEARNING TO TAKE PLACE IN AN ENVIRONMENT OF GENUINE INTELLECTUAL FREEDOM. PRESBYTERIAN COLLEGE SCHOOL OF PHARMACY PROVIDES PHARMACY EDUCATION WITH A LIBERAL ARTS COLLEGE APPROACH, INTEGRATING CLASSROOM LEARNING WITH PRACTICAL EXPERIENCE WHILE EMPHASIZING COMMUNITY, VALUING EACH STUDENT, AND FOCUSING ON PATIENT CARE. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 33 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 32 | NbrIndependentVotingMembers |
| Total Nbr Employees | 941 | TotalNbrEmployees |
| Total Nbr Volunteers | 250 | TotalNbrVolunteers |
| Total Gross UBI | 581122 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 321067 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 5785257 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 4286162 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 52628760 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 57898832 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 1560884 | InvestmentIncomePriorYear |
| Investment Income Current Year | 3154158 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 282965 | OtherRevenuePriorYear |
| Other Revenue Current Year | 334969 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 60257866 | TotalRevenuePriorYear |
| Total Revenue Current Year | 65674121 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 25251551 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 24747914 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 19107337 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 20492496 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 930661 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 19018307 | OtherExpensePriorYear |
| Other Expenses Current Year | 19491622 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 63377195 | TotalExpensesPriorYear |
| Total Expenses Current Year | 64732032 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -3119329 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 942089 | RevenuesLessExpensesCY |
| Total Assets BOY | 156762168 | TotalAssetsBOY |
| Total Assets EOY | 164396684 | TotalAssetsEOY |
| Total Liabilities BOY | 42325144 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 41656686 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 114437024 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 122739998 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | SEE SCHEDULE O. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 58763236 | Expense |
| Grants | 24747914 | Grants |
| Revenue | 57603672 | Revenue |
| Description | PRESBYTERIAN COLLEGE IS LOCATED ON A BEAUTIFUL 240-ACRE CAMPUS BETWEEN COLUMBIA AND GREENVILLE IN SOUTH CAROLINA. WITH SMALL CLASSES AND FACULTY WHO WANT THE BEST FOR THEIR STUDENTS, OUR SUPPORTIVE COMMUNITY PROVIDES MORE THAN AN EXCEPTIONAL LIBERAL ARTS UNDERGRADUATE EDUCATION TO 1157 FULL TIME EQUIVALENT STUDENTS INCLUDING ROOM AND BOARD FOR 1123 STUDENTS. PC SCHOOL OF PHARMACY ALSO PROVIDES A GRADUATE EDUCATION TO 231 FULL TIME EQUIVALENT STUDENTS. PC EMPOWERS STUDENTS TO BE SERVANT LEADERS IN THEIR COMMUNITIES THROUGH CHALLENGING ACADEMICS AND A CULTURE OF HONOR AND ETHICS. SINCE 1880, PC HAS BEEN PERSONALLY COMMITTED TO SUCCESS. AS A RESULT, 90 PERCENT OF OUR STUDENTS ARE IN GRADUATE PROGRAMS OF HAVE SECURED JOBS WITHIN SIX MONTHS OF GRADUATION. | Description |
| Total Program Service Expense | 58763236 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 1 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 1 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 1 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 1 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 171 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 941 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 33 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 32 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 0 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DAWN DURHAM | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 8648338477 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ON CAMPUS | AddressLine1 |
| City | CLINTON | City |
| State | SC | State |
| ZIP Code | 29325 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (46 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| DR WILLIAM D BREARLEY | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| DR KENNETH COUCH | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MR W RUTLEDGE GALLOWAY | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MR ROBERT H HOPKINS | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MR WILLIAM KUHNE | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MR WILLIAM C LOEBLE JR | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MR LARRY W MASSEY | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| DR ALLEN C MCSWEEN | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MR THOMAS R PARRISH | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MRS ELOISE F SHEPARD | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MR RICHARD P SPENCER | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MR JOHN STROUD | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| DR THOMAS A WHITAKER | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| DR E LANE ALDERMAN | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MRS ERNESTINE A GILLAM | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MR THOMAS H MILTON | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MR ROBERT M HICKLIN | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MR LONNIE THOMPSON LAWSON III | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MR WILLIAM M MATTHEWS | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MR JAMES L MEDFORD | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| DR WELTON O'NEAL JR | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MR JEFFREY G REYNOLDS | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MR J MCNEILL SINGLETON | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MR JAMES W SPRADLEY JR | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MR THOMAS L THOMASON | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MR ROLAND F YOUNG | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MR JAMES D SAMPLES JR | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MR C DOUGLAS WARNER | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| DR CHARLES C HEYWARD SR | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MR JAMES H POWELL | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MR DAVID F PARKER II | |||||||
| SECRETARY | 1.00 | X | 0 | 0 | 0 | X | |
| MR G PATRICK PHILLIPS | |||||||
| CHAIR | 1.00 | X | 0 | 0 | 0 | X | |
| MR MATT SINGLETON | |||||||
| VICE CHAIR | 1.00 | X | 0 | 0 | 0 | X | |
| DR CLAUDE LILLY | |||||||
| PRESIDENT | 40.00 | 134605 | 0 | 29300 | X | ||
| MORRIS GALLOWAY | |||||||
| VICE PRESIDENT OF FINANCE | 40.00 | 128583 | 0 | 43220 | X | ||
| ROBERT STATON | |||||||
| VICE PRESIDENT OF EXTERNAL RELATIONS | 40.00 | 80335 | 0 | 6570 | X | ||
| RICHARD STULL | |||||||
| DEAN OF SCHOOL OF PHARMACY | 40.00 | 153587 | 0 | 27012 | X | ||
| ANITA GUSTAFSON | |||||||
| INTERIM PROVOST | 40.00 | 121708 | 0 | 21764 | X | ||
| BRIAN REESE | |||||||
| DIRECTOR OF ATHLETICS | 40.00 | 121044 | 0 | 23688 | X | ||
| DEBORAH THOMPSON | |||||||
| VICE PRESIDENT OF ENROLLMENT AND COMMUNICATIONS | 40.00 | 143657 | 0 | 21666 | X | ||
| RAYMOND CARNLEY | |||||||
| VICE PRESIDENT OF ADVANCEMENT | 40.00 | 123407 | 0 | 16197 | X | ||
| LAVERNE FUHRMAN | |||||||
| PROFESSOR | 40.00 | 141469 | 0 | 11019 | X | ||
| JOHN JOHNSON | |||||||
| PROFESSOR | 40.00 | 147907 | 0 | 21063 | X | ||
| CHARLES ASBILL | |||||||
| PROFESSOR | 40.00 | 135988 | 0 | 28527 | X | ||
| GREGORY NIBERT | |||||||
| COACH | 40.00 | 122070 | 0 | 27123 | X | ||
| LAURA FOX | |||||||
| PROFESSOR | 40.00 | 123433 | 0 | 19569 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1677793 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 296718 | TotalOtherCompensation |
| Number Individuals GT100 K | 19 | NumberIndividualsGT100K |
| Formers Listed | 1 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| SODEXO MANAGEMENT INC | |||||
| 401 S HOLLAND ST | CLINTON | SC | 29325 | FOOD SERVICE | 2510401 |
| THE BUDD GROUP | |||||
| PO BOX 890856 | CHARLOTTE | NC | 282890856 | FACILITIES | 986476 |
| BREWINGTON CONTRACTORS | |||||
| 100 SUNFLOWER LANE | CLINTON | SC | 29325 | FACILITIES/CONSTRUCTION | 748026 |
| RUFFALOCODY LLC | |||||
| PO BOX 3018 | CEDAR RAPIDS | IA | 52406 | ENROLLMENT MANAGEMENT | 277872 |
| ELLUCIAN SUPPORT INC | |||||
| 62578 COLLECTION CENTER DR | CHICAGO | IL | 60693 | SOFTWARE SUPPORT | 241116 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 8 | NumberOfContractorsGT100K |
| Government Grants | 291865 | GovernmentGrants |
| All Other Contributions | 3994297 | AllOtherContributions |
| Noncash Contributions | 109464 | NoncashContributions |
| Total Contributions | 4286162 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| TUITION, ROOM AND BOARD | 611310 | 55505940 | 55505940 | |
| ATHLETIC REVENUE | 611310 | 1594830 | 1507434 | 87396 |
| OTHER REVENUE | 611310 | 588060 | 588060 | |
| SUMMER CONFERENCES | 532000 | 210002 | 2238 | 207764 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 57898832 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1709454 | TotalRevenueColumn |
| Unrelated Business Revenue | 3640 | UnrelatedBusinessRevenue |
| Exclusion | $1,705,814 | ExclusionAmount |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 11275 | TotalRevenueColumn |
| Unrelated Business Revenue | 11275 | UnrelatedBusinessRevenue |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 32502 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 0 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 32502 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 32502 | TotalRevenueColumn |
| Exclusion | $32,502 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 23025255 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 21580551 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1444704 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1444704 | TotalRevenueColumn |
| Unrelated Business Revenue | 1902 | UnrelatedBusinessRevenue |
| Exclusion | $1,442,802 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Unrelated Business RevenueUnrelatedBusinessRevenue | ExclusionExclusionAmount |
|---|---|---|---|---|
| STANDARD CANDY K-1 | 311000 | 269145 | 269145 | |
| OTHER K-1S | 900099 | 22047 | $22,047 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 291192 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 65674121 | TotalRevenueColumn |
| Related Or Exempt Function Income | 57603672 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 581122 | UnrelatedBusinessRevenue |
| Exclusion | $3,203,165 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 24747914 | Total |
| Program Services | 24747914 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 634266 | Total |
| Program Services | 334309 | ProgramServices |
| Management And General | 289650 | ManagementAndGeneral |
| Fundraising | 10307 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15794565 | Total |
| Program Services | 13727322 | ProgramServices |
| Management And General | 1596066 | ManagementAndGeneral |
| Fundraising | 471177 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1017591 | Total |
| Program Services | 843466 | ProgramServices |
| Management And General | 148548 | ManagementAndGeneral |
| Fundraising | 25577 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1920033 | Total |
| Program Services | 1715717 | ProgramServices |
| Management And General | 154323 | ManagementAndGeneral |
| Fundraising | 49993 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1126041 | Total |
| Program Services | 969429 | ProgramServices |
| Management And General | 121434 | ManagementAndGeneral |
| Fundraising | 35178 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 78458 | Total |
| Program Services | 15135 | ProgramServices |
| Management And General | 63323 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 57605 | Total |
| Management And General | 57605 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 124785 | Total |
| Program Services | 124785 | ProgramServices |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3348656 | Total |
| Program Services | 2531485 | ProgramServices |
| Management And General | 716944 | ManagementAndGeneral |
| Fundraising | 100227 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 53676 | Total |
| Program Services | 36978 | ProgramServices |
| Management And General | 14209 | ManagementAndGeneral |
| Fundraising | 2489 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1793490 | Total |
| Program Services | 1580100 | ProgramServices |
| Management And General | 117637 | ManagementAndGeneral |
| Fundraising | 95753 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 451772 | Total |
| Program Services | 155973 | ProgramServices |
| Management And General | 277281 | ManagementAndGeneral |
| Fundraising | 18518 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2303030 | Total |
| Program Services | 2106510 | ProgramServices |
| Management And General | 189539 | ManagementAndGeneral |
| Fundraising | 6981 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1898410 | Total |
| Program Services | 1870840 | ProgramServices |
| Management And General | 14001 | ManagementAndGeneral |
| Fundraising | 13569 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 42676 | Total |
| Program Services | 34855 | ProgramServices |
| Management And General | 7046 | ManagementAndGeneral |
| Fundraising | 775 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 813626 | Total |
| Program Services | 813626 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3294490 | Total |
| Program Services | 3026728 | ProgramServices |
| Management And General | 255017 | ManagementAndGeneral |
| Fundraising | 12745 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 618154 | Total |
| Program Services | 202305 | ProgramServices |
| Management And General | 415849 | ManagementAndGeneral |
Other Expenses OtherExpenses (3 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| DINING HALL CHARGES AND | 2656768 | 2560686 | 50465 | 45617 |
| REPAIRS AND MAINTENANCE | 1080523 | 877334 | 200572 | 2617 |
| OTHER EXPENSES | 875503 | 487739 | 348626 | 39138 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 64732032 | Total |
| Program Services | 58763236 | ProgramServices |
| Management And General | 5038135 | ManagementAndGeneral |
| Fundraising | 930661 | Fundraising |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5227956 | BOY |
| EOY | 8767536 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5489905 | BOY |
| EOY | 2721589 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 247804 | BOY |
| EOY | 168683 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 773404 | BOY |
| EOY | 615689 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18825 | BOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 736501 | BOY |
| EOY | 831366 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 103359098 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 46882834 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 58688911 | BOY |
| EOY | 56476264 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 75841106 | BOY |
| EOY | 84271147 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1511300 | BOY |
| EOY | 1996604 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 97473 | BOY |
| EOY | 97473 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8128983 | BOY |
| EOY | 8450333 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 156762168 | BOY |
| EOY | 164396684 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6920763 | BOY |
| EOY | 5469784 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11693 | BOY |
| EOY | 1099912 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 34591000 | BOY |
| EOY | 34286000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 801688 | BOY |
| EOY | 800990 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 42325144 | BOY |
| EOY | 41656686 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19386581 | BOY |
| EOY | 23446516 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10313135 | BOY |
| EOY | 13219023 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 84737308 | BOY |
| EOY | 86074459 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 114437024 | BOY |
| EOY | 122739998 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 156762168 | BOY |
| EOY | 164396684 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 942089 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 8979579 | ReconciliationUnrealizedInvest |
| Reconcilation Other Changes | -1618694 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| 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) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 1 | Volunteers |
| Mailings Members | 1 | MailingsMembers |
| Mailings Members | $200 | MailingsMembersAmount |
| Direct Contact Legislators | 1 | DirectContactLegislators |
| Direct Contact Legislators | $150 | DirectContactLegislatorsAmount |
| Rallies Demonstrations | 1 | RalliesDemonstrations |
| Rallies Demonstrations | $0 | RalliesDemonstrationsAmount |
| Total Lobbying Expenditures IIB | 350 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | 0 | NotDescribedIn501c3 |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PART IV, SUPPLEMENTAL INFORMATION: | Identifier |
| Explanation | SCHEDULE C, PART II-B, LINE 1 - PRESBYTERIAN COLLEGE, AS ONE OF TWENTY MEMBERS OF THE SOUTH CAROLINA INDEPENDENT COLLEGES AND UNIVERSITIES (SCICU) AND IN CONJUNCTION WITH THE SOUTH CAROLINA HIGHER EDUCATION TUITION GRANTS COMMISSION, PARTICIPATES IN THE TUITION GRANTS AWARENESS PROGRAM SPONSORED BY THESE TWO ORGANIZATIONS. THE COLLEGE STUDENTS TAKE PART IN AN ANNUAL WRITING CAMPAIGN, SHARING WITH THEIR RESPECTIVE STATE LEGISLATORS THE BENEFITS THAT TUITION GRANTS HAVE AFFORDED THE STUDENTS. THESE LETTERS PRECEDE THE SOUTH CAROLINA INDEPENDENT COLLEGE AND UNIVERSITY DAY-PROCLAIMED EACH SPRING BY THE GOVERNOR-WHEN SEVERAL PC STUDENTS VISIT THE STATE HOUSE AS GUESTS ALONG WITH OTHER STUDENTS FROM SCICU MEMBER INSTITUTIONS. A RECEPTION SPONSORED BY SCICU AFFORDS THE STUDENTS AN OPPORTUNITY TO MEET THEIR LEGISLATORS, AND THEY ARE ALSO RECOGNIZED AS SPECIAL GUESTS IN BOTH THE HOUSE AND SENATE CHAMBERS. | Explanation |
Schedule D IRS990ScheduleD
Art Public Exhibition Amts ArtPublicExhibitionAmts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets In Part X | 8797797 | AssetsInPartX |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Scholar Research | X | CollectUsedForScholarResearch |
| Solicited Assets For Sale | 0 | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 75009975 | BeginningOfYearBalance |
| Contributions | 4016979 | Contributions |
| Investment Earnings Or Losses | 9385825 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 3403372 | GrantsOrScholarships |
| Other Expenditures | 1447832 | OtherExpenditures |
| Administrative Expenses | 116140 | AdministrativeExpenses |
| End Of Year Balance | 83445435 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 74965735 | BeginningOfYearBalance |
| Contributions | 4047147 | Contributions |
| Investment Earnings Or Losses | 1224323 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 3419289 | GrantsOrScholarships |
| Other Expenditures | 1724900 | OtherExpenditures |
| Administrative Expenses | 83041 | AdministrativeExpenses |
| End Of Year Balance | 75009975 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 65694233 | BeginningOfYearBalance |
| Contributions | 3811664 | Contributions |
| Investment Earnings Or Losses | 13098422 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 5332248 | GrantsOrScholarships |
| Other Expenditures | 2180953 | OtherExpenditures |
| Administrative Expenses | 125383 | AdministrativeExpenses |
| End Of Year Balance | 74965735 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 58859154 | BeginningOfYearBalance |
| Contributions | 3231627 | Contributions |
| Investment Earnings Or Losses | 7783731 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 2489344 | GrantsOrScholarships |
| Other Expenditures | 1462695 | OtherExpenditures |
| Administrative Expenses | 228240 | AdministrativeExpenses |
| End Of Year Balance | 65694233 | EndOfYearBalance |
Current Year Minus4 Years CurrentYearMinus4Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 84028567 | BeginningOfYearBalance |
| Contributions | 2843755 | Contributions |
| Investment Earnings Or Losses | -22563862 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 3229583 | GrantsOrScholarships |
| Other Expenditures | 1936877 | OtherExpenditures |
| Administrative Expenses | 282846 | AdministrativeExpenses |
| End Of Year Balance | 58859154 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.10000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.90000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.00000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 1 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 4209403 | OtherCostOrOtherBasis |
| Book Value | 4209403 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 81082065 | OtherCostOrOtherBasis |
| Depreciation | 38714754 | Depreciation |
| Book Value | 42367311 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 8375289 | OtherCostOrOtherBasis |
| Depreciation | 8143640 | Depreciation |
| Book Value | 231649 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 9692341 | OtherCostOrOtherBasis |
| Depreciation | 24440 | Depreciation |
| Book Value | 9667901 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 56476264 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets (3 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| TRUST FUND ASSETS | 5202217 |
| CONTRIBUTIONS RECEIVABLE FROM TRUSTS | 2059368 |
| OTHER ASSETS | 1188748 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 8450333 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| ADVANCES FROM FEDERAL GOVERNMENT | $799,698 |
| TRUST LIABILITIES | $1,292 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 800990 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 48155559 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 8979579 | NetUnrealizedGainsInvestments |
| Other Revenues | -6748 | OtherRevenues |
| Revenue Not Rptd F990 | 8972831 | RevenueNotRptdF990 |
| Revenue Subtotal | 39182728 | RevenueSubtotal |
| Investment Expenses Not Included | 124785 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | 26366608 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 26491393 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 65674121 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 39859333 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 39859333 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 124785 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 24747914 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 24872699 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 64732032 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (6 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART III, LINE 4: | THE COLLEGE'S COLLECTIONS ARE MADE UP OF LIBRARY BOOKS, ARTIFACTS OF HISTORICAL SIGNIFICANTS AND ART OBJECTS. THESE COLLECTIONS ARE HELD FOR PUBLIC EXHIBITION, EDUCATION, AND RESEARCH | |
| PART V, LINE 4: | THE COLLEGE'S ENDOWMENT CONSISTS OF APPROXIMATELY 760 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING SCHOLARSHIPS AND SUPPORT OF ACADEMIC AND SPORTS PROGRAMS. | DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: |
| PART X, LINE 2: | THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE COLLEGE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3). DUE TO THIS DETERMINATION, THE COLLEGE IS ALSO EXEMPT FROM STATE INCOME TAXES. THE COLLEGE IS SUBJECT TO FEDERAL AND STATE INCOME TAXES ON ITS NET UNRELATED BUSINESS INCOME. THE COLLEGE ADOPTED THE PROVISIONS OF FASB GUIDANCE ON INCOME TAXES RELATED TO THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THIS GUIDANCE CLARIFIES ACCOUNTING FOR UNCERTAINTY IN A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN BY AN EIF IT TOOK A POSITION ABOUT TAXES DUE THAT WAS LIKELY TO BE DISPUTED AND HAD A REASONABLE CHANCE OF BEING OVERRULED BY A TAXING AUTHORITY. MANAGEMENT BELIEVES THERE ARE NO SUCH POSITIONS AS OF JUNE 30, 2013 AND 2012 AND ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. TAX YEARS ENDED JUNE 30, 2010 OR LATER REMAIN OPEN TO EXAMINATION BY TAXING AUTHORITY. | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: |
| FOUNDATION REVENUES -6,748. | PART XI, LINE 2D - OTHER ADJUSTMENTS: | |
| SCHOLARSHIPS SHOWN NET OF REVENUE ON FINANCIALS 24,747,914. K-1 REVENUES NOT INCLUDED ON FINANCIALS 1,618,694. | PART XI, LINE 4B - OTHER ADJUSTMENTS: | |
| SCHOLARSHIPS SHOWN NET OF REVENUE ON FINANCIALS 24,747,914. | PART XII, LINE 4B - OTHER ADJUSTMENTS: |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION | SCHEDULE E, PART I, LINE 3 | THE COLLEGE PUBLISHES IN THE OFFICIAL RECRUITING LITERATURE THE FOLLOWING: PRESBYTERIAN COLLEGE DOES NOT DISCRIMINATE AGAINST ANY APPLICANT OR STUDENT ON THE BASIS OF RACE, SEX, RELIGION, NATIONAL ORIGIN OR HANDICAP. |
| EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE | SCHEDULE E, PART I, LINE 6 | PRESBYTERIAN COLLEGE STUDENTS MAY RECEIVE TITLE IV AID, FEDERAL LOANS AND/OR SC TUITION GRANT ASSISTANCE. |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable (3 entries)
| RegionRegion | Number Of OfficesNumberOfOffices | Number Of EmployeesNumberOfEmployees | Type Of Activities ConductedTypeOfActivitiesConducted | Specific Services ProvidedSpecificServicesProvided | Total ExpendituresTotalExpenditures |
|---|---|---|---|---|---|
| SUB-SAHARAN AFRICA | 0 | 4 | EDUCATIONAL PROGRAMS | STUDENT AND FACULTY TRAVEL | 143194 |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 4 | EDUCATIONAL PROGRAMS | STUDENT AND FACULTY TRAVEL | 71462 |
| EAST ASIA AND THE PACIFIC | 0 | 2 | EDUCATIONAL PROGRAMS | STUDENT AND FACULTY TRAVEL | 143610 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 0 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 10 | SubtotalNumberOfEmployees |
| Cont Number Of Offices | 0 | ContNumberOfOffices |
| Cont Number Of Employees | 0 | ContNumberOfEmployees |
| Total Number Of Offices | 0 | TotalNumberOfOffices |
| Total Number Of Employees | 10 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 358266 | SubtotalAmountSpent |
| Cont Amount Spent | 0 | ContAmountSpent |
| Total Amount Spent | 358266 | TotalAmountSpent |
| Transfer To Foreign Corp | 0 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 0 | OwnForeignCorp |
| Passive Foreign Invest Co | 0 | PassiveForeignInvestCo |
| Foreign Partnership | 0 | ForeignPartnership |
| Boycott Countries | 0 | BoycottCountries |
Form990 Schedule F Part V Form990ScheduleFPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | THE FOLLOWING WERE TRAVEL EXPENSES FOR STUDENTS AND FACULTY MEMBERS AS PART OF THEIR EDUCATIONAL PROGRAM: SOUTH AFRICA - 2 EMPLOYEES - $106,778 PORTUGAL - 2 EMPLOYEES - $8,662 NEW ZEALAND - 2 EMPLOYEES - $143,610 UNITED KINGDOM - 2 EMPLOYEES - $62,800 KENYA - 2 EMPLOYEES - $36,416 | Explanation |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | SCHOLARSHIPS TO ATTEND PRESBYTERIAN COLLEGE | TypeOfGrant |
| Number Of Recipients | 1135 | NumberOfRecipients |
| Amount Of Cash Grant | 24747914 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: PRESBYTERIAN COLLEGE AWARDS SCHOLARSHIPS, GRANTS AND LOANS TO ITS STUDENTS. THE PROCEDURES FOR MONITORING THE USE OF THE FUNDS ARE PART OF THE FINANCIAL AID GUIDELINES AND THEY ARE UTILIZED TO DETERMINE THE QUALIFICATIONS OF THE RECIPIENT. THE GUIDELINES ARE PUBLISHED IN THE PRESBYTERIAN COLLEGE ACADEMIC CATALOG AND COMPLY WITH ELIGIBILITY REQUIREMENTS PUBLISHED BY THE US DEPARTMENT OF EDUCATION AND THE SC DEPARTMENT OF REVENUE. COMPLIANCE AUDITS ARE ALSO COMPLETED ANNUALLY BY AN INDEPENDENT ACCOUNTING FIRM. THE GRANTS AND SCHOLARSHIPS AWARDED ARE APPLIED DIRECTLY TO THE STUDENTS' ACCOUNTS. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 1 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (7 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DR CLAUDE LILLY | ||||||||||||||
| PRESIDENT | 114105 | 0 | 0 | 0 | 20500 | 0 | 9545 | 0 | 19755 | 0 | 163905 | 0 | 0 | 0 |
| MORRIS GALLOWAY | ||||||||||||||
| VICE PRESIDENT OF FINANCE | 103983 | 0 | 0 | 0 | 24600 | 0 | 8737 | 0 | 34483 | 0 | 171803 | 0 | 0 | 0 |
| RICHARD STULL | ||||||||||||||
| DEAN OF SCHOOL OF PHARMACY | 151327 | 0 | 0 | 0 | 2260 | 0 | 10656 | 0 | 16356 | 0 | 180599 | 0 | 0 | 0 |
| DEBORAH THOMPSON | ||||||||||||||
| VICE PRESIDENT OF ENROLLMENT AND COM | 139089 | 0 | 0 | 0 | 4568 | 0 | 6525 | 0 | 15141 | 0 | 165323 | 0 | 0 | 0 |
| LAVERNE FUHRMAN | ||||||||||||||
| PROFESSOR | 134222 | 0 | 0 | 0 | 7247 | 0 | 0 | 0 | 11019 | 0 | 152488 | 0 | 0 | 0 |
| JOHN JOHNSON | ||||||||||||||
| PROFESSOR | 147907 | 0 | 0 | 0 | 0 | 0 | 11470 | 0 | 9593 | 0 | 168970 | 0 | 0 | 0 |
| CHARLES ASBILL | ||||||||||||||
| PROFESSOR | 133588 | 0 | 0 | 0 | 2400 | 0 | 11110 | 0 | 17417 | 0 | 164515 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (3 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| PART I, LINE 1A | THE FORMER PRESIDENT OF THE COLLEGE, JOHN GRIFFITH, WAS A MINISTER. HE WAS PROVIDED A HOUSING ALLOWANCE. DR. CLAUDE LILLY BEGAN AS THE COLLEGE'S NEW PRESIDENT IN JULY 2012. HE IS PROVIDED A HOUSE AND CAR. THE COLLEGE PROVIDES HOUSING TO THE PRESIDENT FOR THE CONVENIENCE OF THE EMPLOYER SO THAT THE PRESIDENT CAN PERFORM ESSENTIAL COLLEGE BUSINESSS AND ACTIVITIES AT THE HOME. CLUB MEMBERSHIP IS USED FOR ENTERTAINING DONORS AND OTHERS FOR COLLEGE BUSINESS. |
| PART I, LINE 3 | THE PRESIDENT'S COMPENSATION IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES AFTER REVIEWING END OF THE YEAR EVALUATION. THE PROCESS IS PART OF A TWO DAY MEETING IN AUGUST. THE SALARY IS COMPARED WITH CUPA DATA FOR A COMPARISON ON SET OF SCHOOLS. |
| PART I, LINE 4A | THE FORMER PRESIDENT OF THE COLLEGE, JOHN GRIFFITH, RECEIVED SEVERANCE PAY OF $92,583 AND BENEFITS OF $26,820 DURING 2012. |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (3 entries)
| Bond ReferenceBondReferenceCd | Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|---|
| EDUCATION FACILITIES AUTHORITY FOR PRIV | ||||||||
| A | 576000286 | CUSIPNONE | 2009-08-05 | 23500000 | REFUND $27,000,000 BOND PARTIALLY | 0 | 0 | 0 |
| EDUCATION FACILITIES AUTHORITY FOR PRIV | ||||||||
| B | 576000286 | CUSIPNONE | 2010-07-30 | 3550000 | REFUND $27,000,000 BOND PARTIALLY | 0 | 0 | 0 |
| EDUCATION FACILITIES AUTHORITY FOR PRIV | ||||||||
| C | 576000286 | CUSIPNONE | 2011-12-21 | 7871000 | PHARMACY BOND AND REFINANCE BANK LOAN | 0 | 0 | 0 |
Form990 Schedule K Part II Form990ScheduleKPartII (3 entries)
| Bond ReferenceBondReferenceCd | Amount RetiredAmountRetired | Total ProceedsTotalProceeds | Capital ExpendituresCapitalExpenditures | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind | Issuance Costs From ProceedsIssuanceCostsFromProceeds |
|---|---|---|---|---|---|---|---|---|---|
| A | 330000 | 23500000 | 23500000 | 2009 | 1 | 0 | 1 | 1 | |
| B | 3550000 | 3500000 | 2009 | 1 | 0 | 1 | 1 | 50000 | |
| C | 7871000 | 7756420 | 2010 | 1 | 0 | 1 | 1 | 114580 |
Form990 Schedule K Part III Form990ScheduleKPartIII (3 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Engage Bond Counsel ContractsEngageBondCounselContracts | Any Research AgreementsAnyResearchAgreements | Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers | Percentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBI | Total Private Business UseTotalPrivateBusinessUse | Bond Iss Meet Prvt Security Pay TestBondIssMeetPrvtSecurityPayTest | Change In Use Bond Financed PropChangeInUseBondFinancedProp | Non Qualified Bond Remed ProcdrsNonQualifiedBondRemedProcdrs |
|---|---|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 1 | 1 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | 0 |
| B | 0 | 0 | 1 | 1 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | 0 |
| C | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 0 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (3 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Term Of HedgeTermOfHedge | Superintegrated HedgeSuperintegratedHedge | Hedge TerminatedHedgeTerminated | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Gross Proceeds InvestedGrossProceedsInvested | Written Proc To Monitor ReqsWrittenProcToMonitorReqs | Rebate Not Due YetRebateNotDueYet | Exception To RebateExceptionToRebate | No Rebate DueNoRebateDue |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SUNTRUST | ||||||||||||
| A | 1 | 1 | 1 | 5.000000000000 | 0 | 0 | 0 | 0 | 0 | |||
| (no name) | ||||||||||||
| B | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| (no name) | ||||||||||||
| C | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
Schedule L IRS990ScheduleL
Form990 Schedule L Part III Form990ScheduleLPartIII (2 entries)
| Amount Of GrantAmountOfGrant | Type Of AssistanceTypeOfAssistance | Purpose Of AssistancePurposeOfAssistance |
|---|---|---|
| 14340 | TUITION DISCOUNT | TUITION, ROOM AND BOARD AS AN EMPLOYEE BENEFITS |
| 8750 | MERIT SCHOLARSHIP | TUITION, ROOM AND BOARD AS STUDENT AWARDS |
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BBT INSURANCE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | THOMAS R PARRISH, TRUSTEE, IS REGIONAL PRESIDENT OF BBT INSURANCE | Relationship |
| Amount Of Transaction | 415245 | AmountOfTransaction |
| Description Of Transaction | THE COLLEGE PURCHASED INSURANCE FROM BBT INSURANCE. ALL TRANSACTIONS WERE AT ARM'S LENGTH AND FAIR MARKET VALUE. | DescriptionOfTransaction |
| Sharing Of Revenues | 0 | SharingOfRevenues |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 15 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 109464 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 0 | NumberOf8283Received |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| ORGANIZATION MISSION STATEMENT | FORM 990, PART III, LINE 1: | THE COMPELLING PURPOSE OF PRESBYTERIAN COLLEGE, AS A CHURCH RELATED COLLEGE, IS TO DEVELOP WITHIN THE FRAMEWORK OF CHRISTIAN FAITH THE MENTAL, PHYSICAL, MORAL AND SPIRITUAL CAPACITIES OF EACH STUDENT IN PREPARATION FOR A LIFETIME OF PERSONL AND VOCATIONAL FULFILLMENT AND RESPONSIBLE CONTRIBUTION TO OUR DEMOCRATIC SOCIETY AND THE WORLD COMMUNITY. THESE GOALS GUIDE THE COLLEGE IN ITS ATTEMPT TO FULFILL ITS MISSION: 1) TO HELP STUDENTS GAIN A BASIC KNOWLEDGE OF HUMANITIES, NATURAL SCIENCES, AND SOCIAL SCIENCES; A SPECIAL COMPETENCE IN ONE OR MORE PARTICULAR AREAS OF STUDY; AND THE ABILITY TO SEE THESE STUDIES AS PART OF THE LARGER SEARCH FOR TRUTH 2) TO DEVELOP IN STUDENTS THE ABILITY TO THINK CLEARLY AND INDEPENDENTLY, TO MAKE CRITICAL JUDGMENTS, AND TO COMMUNICATE EFFECTIVELY IN BOTH SPEECH AND WRITING 3) TO FOSTER IN STUDENTS AETHETIC APPRECIATION OF THE ARTS AND LITERATURE 4) TO ACQUAINT STUDENTS WITH THE TEACHINGS AND VALUES OF THE CHRISTIAN FAITH 5) TO HELP STUDENTS DEVELOP MORAL AND ETHICAL COMMITMENTS, INCLUDING SERVICE TO OTHERS 6) TO HELP STUDENTS ATTAIN A SENSE OF DIGNITY, SELF-WORTH, AND APPRECIATION OF OTHER PERSONS OF DIVERSE BACKGROUNDS 7) TO ENCOURAGE IN STUDENTS AN APPRECIATION FOR TEAMWORK AND FOR PHYSICAL FITNESS AND ATHLETIC SKILLS THAT WILL CONTRIBUTE TO LIFELONG HEALTH 8) TO FOSTER IN STUDENTS AN APPRECIATION OF, AND CONCERN FOR, THE ENVIRONMENT AND NATURAL RESOURCES. THE MISSION OF PRESBYTERIAN COLLEGE SCHOOL OF PHARMACY IS TO IMPROVE THE HEALTH OF SOUTH CAROLINIANS AND SOCIETY IN GENERAL BY DEVELOPING STUDENTS WITH AN UNWAVERING ETHICAL FOUNDATION WHO WILL POSITIVELY IMPACT THE DELIVERY OF QUALITY EQUITABLE PHARMACY CARE; WHO WILL DEDICATE THEIR LIVES TO COMMUNITY SERVICES; AND WHO WILL PROVIDE ENLIGHTENED LEADERSHIP IN ADDRESSING THE HEALTH CARE NEEDS OF A DIVERSE PATIENT POPULATION. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE INSTITUTION'S FORM 990 IS PREPARED BY THE COLLEGE'S CONTROLLER, THEN REVIEWED BY THE EVP FOR FINANCE AND THE PRESIDENT. THE RETURN IS ALSO REVIEWED BY THE SAME INDEPENDENT ACCOUNTING FIRM THAT CONDUCTED THE ANNUAL AUDIT FOR THE COLLEGE. THE FORM 990, INCLUDING ALL SCHEDULES, IS PROVIDED TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES AND IS AN AGENDA ITEM FOR A MEETING OF THE AUDIT COMMITTEE, WHERE THOSE TRUSTEES ASK ANY QUESTIONS THEY HAVE OF THE COLLEGE STAFF. THE TRUSTEES OF THE AUDIT COMMITTEE ARE INDEPENDENT AND EXPERIENCED IN FINANCIAL MATTERS. AFTER REVIEWED BY EXTERNAL TAX ADVISORS, THE INSTITUTION PROVIDES THE FINAL FORM 990 AND ALL SCHEDULES EXCEPT SCHEDULE B TO ALL VOTING MEMBERS OF THE GOVERNING BOARD BEFORE THE FORM IS FILED. (A REDACTED VERSION OF SCHEDULE B, EXCLUDING DONOR NAMES AND ADDRESSES IS PROVIDED TO ALL TRUSTEES TO PROTECT DONOR PRIVACY. AUDIT COMMITTEE MEMBERS, HOWEVER, WOULD HAVE ALREADY REVIEWED THE UN-REDACTED VERSION OF SCHEDULE B, AS NOTED ABOVE). | |
| FORM 990, PART VI, SECTION B, LINE 12C | BOARD OF TRUSTEES, COLLEGE OFFICERS AND OTHER EMPLOYEES COMPLETE A CONFLICT OF INTEREST FORM ON AN ANNUAL BASIS. FORMS ARE REVIEWED BY THE COLLEGE PRESIDENT AND THE EVP OF FINANCE AND ADMINSTRATION. BOARD MEMBERS WITH CONFLICTS RECUSE THEMSELVES FROM RELATED DECISIONS. | |
| FORM 990, PART VI, SECTION B, LINE 15 | THE PRESIDENT'S COMPENSATION IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES AFTER REVIEWING END OF THE YEAR EVALUATION. THE PROCESS IS PART OF A TWO DAY MEETING IN AUGUST. SALARY IS COMPARED WITH CUPA DATA FOR A COMPARISON SET OF SCHOOLS. OFFICER SALARIES ARE DETERMINED BY THE COLLEGE PRESIDENT BASED ON MID-YEAR AND END-OF-YEAR EVALUATION OF SATISFACTORY ACHIEVEMENT OF GOALS AND OBJECTIVES. CUPA DATA FOR A COMPARISON GROUP OF SCHOOLS FOR SIMILAR POSITIONS IS ALSO CONSIDERED. OFFICER SALARIES AND COMPARITIVE CUPA DATA ARE PRESENTED TO BOTH THE EXECUTIVE AND HUMAN RESOURCE COMMITTEE OF THE BOARD. ALL OF THESE DECISIONS ARE DOCUMENTED IN AGENDAS AND RECORDS OF THE APPROPRIATE COMMITTEES AND IN THE PERSONNEL FILES. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE COLLEGE'S GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE FOR INSPECTIONS. | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | FORM 990, PART XI, LINE 9: | K-1 -1,618,694. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Direct Controlling Entity NADirectControllingEntityNA | Controlled OrgControlledOrg |
|---|---|---|---|---|---|---|---|---|---|---|
| PRESBYTERIAN COLLEGE FOUNDATION | ||||||||||
| PO BOX 975 | CLINTON | SC | 29325 | 571021640 | FOUNDATION EXISTS TO | SC | 501(C)(3) | LINE 11B, II | N/A | 0 |
| PRESBYTERIAN REAL ESTATE FOUNDATION | ||||||||||
| PO BOX 975 | CLINTON | SC | 29325 | 571021641 | FOUNDATION EXISTS TO | SC | 501(C)(3) | LINE 11B, II | N/A | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | 0 | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (2 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved |
|---|---|
| PRESBYTERIAN COLLEGE FOUNDATION | |
| N | 0 |
| PRESBYTERIAN REAL ESTATE FOUNDATION | |
| N | 0 |
Form990 Schedule R Part VII Form990ScheduleRPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | SCHEDULE R, PART V, LINE 2 | ReturnReference |
| Explanation | THE COLLEGE'S EMPLOYEES DO A NOMINAL AMOUNT OF WORK FOR THE PC FOUNDATION AND PC RE FOUNDATION, AT NO COST TO EITHER ENTITY. | Explanation |