CAROLINA UNIVERSITY: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- CAROLINA UNIVERSITY (EIN 56-0594591)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2014-05-13
- IRS object ID
- 201441339349304399
- Schema version
- 2012v2.3
- 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 D
- Schedule E
- Schedule F
- Schedule I
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-05-13T14:38:27-05:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CANNON & COMPANY LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2160 COUNTRY CLUB RD | AddressLine1 |
| City | WINSTONSALEM | City |
| State | NC | State |
| ZIP Code | 271044208 | 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 | 560594591 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PIEDMONT INTERNATIONAL UNIVERSITY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | PIED | NameControl |
| Phone | 3367258344 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 420 SOUTH BROAD STREET | AddressLine1 |
| City | WINSTONSALEM | City |
| State | NC | State |
| ZIP Code | 27101 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DR CHARLES W PETITT | Name |
| Title | PRESIDENT | Title |
| Phone | 3367258344 | Phone |
| Date Signed | 2014-02-21 | DateSigned |
| Authorize Third Party | false | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | RICHARD J TAMER | Name |
| Phone | 3367250635 | Phone |
| Date Prepared | 2014-05-09 | DatePrepared |
| Self Employed | X | SelfEmployed |
| 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 | CHARLES W PETITT | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 420 SOUTH BROAD STREET | AddressLine1 |
| City | WINSTONSALEM | City |
| State | NC | State |
| ZIP Code | 27101 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 4986286 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.PIEDMONTU.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1947 | YearFormation |
| State Legal Domicile | NC | StateLegalDomicile |
| Activity Or Mission Description | PIEDMONT INTERNATIONAL UNIVERSITY IS AN ESTABLISHED PROVIDER OF QUALITY, BIBLE-CENTERED HIGHER EDUCATION FOR EFFECTIVE LIFETIME MINISTRY. WE ARE DRIVEN BY OUR LOVE FOR STUDENTS AND ALUMNI AND ARE COMMITTED TO THEIR SUCCESS. WE SERVE CHURCHES BY EQUIPPING LEADERS TO OBEY THE GREAT COMMANDMENT AND FULFILL THE GREAT COMMISSION. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 27 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 27 | NbrIndependentVotingMembers |
| Total Nbr Employees | 152 | TotalNbrEmployees |
| Total Nbr Volunteers | 2 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Contributions Grants Prior Year | 469293 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1094530 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 3909280 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 3699197 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 13998 | InvestmentIncomePriorYear |
| Investment Income Current Year | 35005 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 22572 | OtherRevenuePriorYear |
| Other Revenue Current Year | 23987 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 4415143 | TotalRevenuePriorYear |
| Total Revenue Current Year | 4852719 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 1060419 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 1062104 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 2188382 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 2212223 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 291956 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 1770417 | OtherExpensePriorYear |
| Other Expenses Current Year | 1748888 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 5019218 | TotalExpensesPriorYear |
| Total Expenses Current Year | 5023215 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -604075 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -170496 | RevenuesLessExpensesCY |
| Total Assets BOY | 2984252 | TotalAssetsBOY |
| Total Assets EOY | 3066644 | TotalAssetsEOY |
| Total Liabilities BOY | 1732794 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 1948283 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 1251458 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 1118361 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | PIEDMONT INTERNATIONAL UNIVERSITY IS AN ESTABLISHED PROVIDER OF QUALITY, BIBLE-CENTERED HIGHER EDUCATION FOR EFFECTIVE LIFETIME MINISTRY. WE ARE DRIVEN BY OUR LOVE FOR STUDENTS AND ALUMNI AND ARE COMMITTED TO THEIR SUCCESS. WE SERVE CHURCHES BY EQUIPPING LEADERS TO OBEY THE GREAT COMMANDMENT AND FULFILL THE GREAT COMMISSION. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 2174492 | Expense |
| Grants | 1062104 | Grants |
| Revenue | 3100781 | Revenue |
| Description | INSTRUCTION, ACADEMIC SUPPORT AND STUDENT SERVICES ASSOCIATED WITH THE PROVISION OF ASSOCIATE, BACCALAUREATE, MASTER AND DOCTORAL PROGRAMS IN RESIDENT AND ONLINE FORMATS (APPROXIMATELY 503 STUDENTS -FALL & SPRING) | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 827179 | Expense |
| Revenue | 622403 | Revenue |
| Description | AUXILIARY AND OTHER SERVICES IN REGARD TO THE UNIVERSITY'S PROVISION FOR HIGHER EDUCATION INCLUDING DORMITORIES, FOOD SERVICE, BOOKSTORE, SPORTING EVENTS AND OTHER MISCELLANEOUS STUDENT SERVICES. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 3001671 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | false | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | true | School |
| Foreign Office | true | ForeignOffice |
| Foreign Activities | true | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | true | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | true | GrantsToIndividuals |
| Schedule J Required | false | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | true | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | false | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 27 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 152 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 27 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 27 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | false | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | false | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | NC | StatesWhereCopyOfReturnIsFiled |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | JILL CONNER | NamePerson |
| Telephone Number | 3367147939 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 420 S BROAD ST | AddressLine1 |
| City | WINSTONSALEM | City |
| State | NC | State |
| ZIP Code | 27101 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (30 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| MR DAVID BATTEN | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| REV JEFF CLAWSON | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| REV BRIAN COCKRAM | ||||||
| VICE CHAIRMA | 1.00 | X | 0 | 0 | 0 | X |
| REV KEN HARRIS | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| REV MICHAEL MITCHENER | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| MR STU EPPERSON | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| MRS PATRICIA PATTERSON | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| REV JOHN KING | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| MR TONY KROFCHIK | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| MR ARRELL MOORE | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| REV MICHAEL WILBURN | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| MR DENNIS NUNN | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| MR LYNN GREEAR | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| MR ABIE WILLIAMS | ||||||
| TRUSTEE | X | 0 | 0 | 0 | ||
| DR PAUL MONROE | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| REV GREG MULLIS | ||||||
| ALUMNI PRESI | 1.00 | X | 0 | 0 | 0 | |
| REV CLETIS TITUS | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| REV SHAHN WILBURN | ||||||
| CHAIRMAN | 1.00 | X | 0 | 0 | 0 | X |
| MR TONY ALFORD | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| REV JEFF BEVERLY | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| REV CHRIS BYRNE | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| DR ROB DECKER | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| REV STEPHEN L LACKEY | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| REV DANIEL LACKEY | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| MR EDWARD THOMASON III | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| MR DALE TRAXLER | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| MR JAMES R NORRIS | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| DR CHARLES W PETITT | ||||||
| PRESIDENT | 40.00 | 65657 | 0 | 9409 | X | |
| DR RICHARD A COX | ||||||
| VICE PRESIDE | 40.00 | 57947 | 0 | 3649 | X | |
| DR BETH ASHBURN | ||||||
| PROVOST | 40.00 | 55075 | 0 | 967 | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 178679 | TotalReportableCompFromOrg |
| Total Other Compensation | 14025 | TotalOtherCompensation |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | false | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
| Government Grants | 13600 | GovernmentGrants |
| All Other Contributions | 1080930 | AllOtherContributions |
| Noncash Contributions | 153823 | NoncashContributions |
| Total Contributions | 1094530 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION AND FEES | 611710 | 3100782 | 3100782 |
| SALES AND AUXILIARY | 611710 | 598415 | 598415 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 3699197 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 14744 | TotalRevenueColumn |
| Exclusion | $14,744 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 137994 | Securities |
| Other | 15834 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 133567 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 4427 | Securities |
| Other | 15834 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 20261 | TotalRevenueColumn |
| Exclusion | $20,261 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| MISCELLANEOUS | 611710 | 8708 | 8708 |
| RECOVERY OF BAD DEBTS | 611710 | 6462 | 6462 |
| VENDING INCOME | 611710 | 3449 | 3449 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 5368 | TotalRevenueColumn |
| Related Or Exempt Function Income | 5368 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 23987 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4852719 | TotalRevenueColumn |
| Related Or Exempt Function Income | 3723184 | RelatedOrExemptFunctionIncome |
| Exclusion | $35,005 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 978517 | Total |
| Program Services | 978517 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 83587 | Total |
| Program Services | 83587 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 198801 | Total |
| Program Services | 27810 | ProgramServices |
| Management And General | 170991 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1787911 | Total |
| Program Services | 1158712 | ProgramServices |
| Management And General | 475647 | ManagementAndGeneral |
| Fundraising | 153552 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 128847 | Total |
| Program Services | 83720 | ProgramServices |
| Management And General | 31967 | ManagementAndGeneral |
| Fundraising | 13160 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 96664 | Total |
| Program Services | 61753 | ProgramServices |
| Management And General | 29399 | ManagementAndGeneral |
| Fundraising | 5512 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 36128 | Total |
| Fundraising | 36128 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4241 | Total |
| Program Services | 4241 | ProgramServices |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 84504 | Total |
| Program Services | 30304 | ProgramServices |
| Management And General | 28548 | ManagementAndGeneral |
| Fundraising | 25652 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 69137 | Total |
| Management And General | 69137 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 447056 | Total |
| Management And General | 447056 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 62549 | Total |
| Management And General | 62549 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| AUXILIARY ENTERPRISES | 427174 | 427174 | |
| ADMINISTRATIVE AND GENERA | 299660 | 299660 | |
| PLANT OPERATIONS | 114634 | 114634 | |
| STUDENT SERVICES | 82272 | 82272 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 121533 | Total |
| Program Services | 63581 | ProgramServices |
| Fundraising | 57952 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5023215 | Total |
| Program Services | 3001671 | ProgramServices |
| Management And General | 1729588 | ManagementAndGeneral |
| Fundraising | 291956 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 303169 | BOY |
| EOY | 277805 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1114 | BOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 157444 | BOY |
| EOY | 411159 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 29863 | BOY |
| EOY | 45335 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2720 | BOY |
| EOY | 2844 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 29537 | BOY |
| EOY | 24878 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 6052913 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 4127951 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2096800 | BOY |
| EOY | 1924962 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 159463 | BOY |
| EOY | 278090 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 204142 | BOY |
| EOY | 101571 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2984252 | BOY |
| EOY | 3066644 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 206693 | BOY |
| EOY | 307937 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1526101 | BOY |
| EOY | 1640346 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1732794 | BOY |
| EOY | 1948283 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 798246 | BOY |
| EOY | 664271 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 64248 | BOY |
| EOY | 64726 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 388964 | BOY |
| EOY | 389364 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1251458 | BOY |
| EOY | 1118361 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2984252 | BOY |
| EOY | 3066644 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | -170496 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 5349 | ReconciliationUnrealizedInvest |
| Reconcilation Donated Services | 21050 | ReconcilationDonatedServices |
| Reconcilation Other Changes | 11000 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | true | AuditCommittee |
| Federal Grant Audit Required | true | FederalGrantAuditRequired |
| Federal Grant Audit Performed | true | 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 D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 311680 | BeginningOfYearBalance |
| Contributions | 21000 | Contributions |
| Investment Earnings Or Losses | 23486 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 27201 | GrantsOrScholarships |
| Administrative Expenses | 2626 | AdministrativeExpenses |
| End Of Year Balance | 326339 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 343182 | BeginningOfYearBalance |
| Contributions | 400 | Contributions |
| Investment Earnings Or Losses | 23980 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 53450 | GrantsOrScholarships |
| Administrative Expenses | 2432 | AdministrativeExpenses |
| End Of Year Balance | 311680 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 313337 | BeginningOfYearBalance |
| Contributions | 400 | Contributions |
| Investment Earnings Or Losses | 31604 | InvestmentEarningsOrLosses |
| Administrative Expenses | 2159 | AdministrativeExpenses |
| End Of Year Balance | 343182 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 250121 | BeginningOfYearBalance |
| Contributions | 143033 | Contributions |
| Investment Earnings Or Losses | 40974 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 118894 | GrantsOrScholarships |
| Administrative Expenses | 1897 | AdministrativeExpenses |
| End Of Year Balance | 313337 | EndOfYearBalance |
Current Year Minus4 Years CurrentYearMinus4Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 249721 | BeginningOfYearBalance |
| Investment Earnings Or Losses | 40559 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 38785 | GrantsOrScholarships |
| Administrative Expenses | 1374 | AdministrativeExpenses |
| End Of Year Balance | 250121 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Permanent Endowment EOY Balance | 1.00000 | PermanentEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | true | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 398179 | OtherCostOrOtherBasis |
| Book Value | 398179 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3891634 | OtherCostOrOtherBasis |
| Depreciation | 2788076 | Depreciation |
| Book Value | 1103558 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1763100 | OtherCostOrOtherBasis |
| Depreciation | 1339875 | Depreciation |
| Book Value | 423225 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 1924962 | TotalOfBookValueLandBuildings |
| Tot Revenue Etc Audited Fincl Stmt | 3828014 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 5349 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 21050 | DonatedSrvcAndUseOfFacilities |
| Other Revenues | 11000 | OtherRevenues |
| Revenue Not Rptd F990 | 37399 | RevenueNotRptdF990 |
| Revenue Subtotal | 3790615 | RevenueSubtotal |
| Other Revenues Not Included | 1062104 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 1062104 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 4852719 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 3764515 | TotExpensesEtcAuditedFinclStmt |
| Expenses Subtotal | 3764515 | ExpensesSubtotal |
| Other Expenses Not Included | 1258700 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 1258700 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 5023215 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| INTENDED USES FOR ENDOWMENT FUNDS | SCHEDULE D, PAGE 2, PART V, LINE 4 | THE ENDOWMENT FUNDS ARE TO PROVIDE SCHOLARSHIPS FOR STUDENTS. |
| LIABILITY UNDER FIN 48 FOOTNOTE | SCHEDULE D, PAGE 3, PART X | THE UNIVERSITY IS EXEMPT FROM INCOME TAX UNDER INTERNAL REVENUE CODE 501C(3) FOR ALL ACTIVITIES THAT FALL UNDER ITS EXEMPT FUNCTION. |
| REVENUE AMOUNTS INCLUDED IN FINANCIALS - OTHER | SCHEDULE D, PAGE 4, PART XI, LINE 2D | BOOK/TAX DIFFERENCE IN VALUE OF NONCASH CONTRIBUTION 11,000 |
| REVENUE AMOUNTS INCLUDED ON RETURN - OTHER | SCHEDULE D, PAGE 4, PART XI, LINE 4B | TUITION NET OF SCHOLARSHIPS AND GRANTS ON FINANCIAL STMT 1,062,104 |
| EXPENSE AMOUNTS INCLUDED ON RETURN - OTHER | SCHEDULE D, PAGE 4, PART XII, LINE 4B | SCHOLARSHIPS AND GRANTS NET WITH TUITION ON FINANCIAL STMT 1,062,104 BOOK / TAX DEPRECIATION DIFFERENCE 196,596 |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | true | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | true | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | true | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | true | MaintRacialCompositionRecords |
| Maint Scholarships Records | true | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | true | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | true | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | false | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | false | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | false | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | false | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | false | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | false | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActy |
| Government Financial Aid Received | true | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | false | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | true | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| PUBLICATION OF NONDISCRIMINATORY POLICY IN MEDIA EXPLANATION | SCHEDULE E LINE 3 | PIEDMONT INTERNATIONAL UNIVERSITY AND GRADUATE SCHOOL PUBLISHES THIS INFORMATION IN THE STUDENT HANDBOOK AS WELL AS ADVERTISING THROUGH LOCAL MEDIA |
| FINANCIAL AID OR GOVERNMENT ASSISTANCE EXPLANATION | SCHEDULE E LINE 6 | FINANCIAL AID IS RECEIVED FROM THE DEPARTMENT OF EDUCATION FOR QUALIFYING STUDENTS THE COLLEGE S FEDERAL ASSISTANCE CONSISTS OF FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT FEDERAL FAMILY EDUCATION LOANS FEDERAL WORK STUDY FEDERAL PELL GRANT PROGRAM AND FEDERAL ACADEMIC COMPETITIVENESS GRANT |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | true | GrantRecordsMaintained |
Grants To Ind Outside US GrantsToIndOutsideUS (38 entries)
| Type Of AssistanceTypeOfAssistance | RegionRegion | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant | Manner Of Cash DisbursementMannerOfCashDisbursement | Method Of ValuationMethodOfValuation |
|---|---|---|---|---|---|
| FINANCIAL AID | MEXICO | 4 | 8844 | TUITION DISCOUN | BOOK |
| FINANCIAL AID | ECUADOR | 2 | 4824 | TUITION DISCOUN | BOOK |
| FINANCIAL AID | EGYPT | 1 | 6332 | TUITION DISCOUN | BOOK |
| FINANCIAL AID | VENEZUELA | 4 | 7236 | TUITION DISCOUN | BOOK |
| FINANCIAL AID | CHINA | 1 | 1005 | TUITION DISCOUN | BOOK |
| FINANCIAL AID | ZAMBIA | 1 | 4690 | TUITION DISCOUN | BOOK |
| FINANCIAL AID | SOUTH KOREA | 2 | 2600 | TUITION DISCOUN | BOOK |
| FINANCIAL AID | BRAZIL | 1 | 1162 | TUITION DISCOUN | BOOK |
| FINANCIAL AID | TOGO | 1 | 2600 | TUITION DISCOUN | BOOK |
| FINANCIAL AID | HAITI | 2 | 7191 | TUITION DISCOUN | BOOK |
| FINANCIAL AID | NAMBIA | 1 | 2500 | TUITION DISCOUN | BOOK |
| FINANCIAL AID | TAIWAN | 1 | 1170 | TUITION DISCOUN | BOOK |
| FINANCIAL AID | ST. VINCENT | 1 | 3618 | TUITION DISCOUN | BOOK |
| FINANCIAL AID | INDIA | 2 | 8563 | TUITION DISCOUN | BOOK |
| FINANCIAL AID | KENYA | 2 | 6790 | TUITION DISCOUN | BOOK |
| FINANCIAL AID | UGANDA | 1 | 300 | TUITION DISCOUN | BOOK |
| FINANCIAL AID | PHILIPPINES | 1 | 804 | TUITION DISCOUN | BOOK |
| FINANCIAL AID | BARBADOS | 1 | 1910 | TUITION DISCOUN | BOOK |
| FINANCIAL AID | DOMINICAN REPUBLIC | 5 | 11448 | TUITION DISCOUN | BOOK |
| FINANCIAL AID | MEXICO | 4 | 8844 | TUITION DISCOUN | BOOK |
| FINANCIAL AID | ECUADOR | 2 | 4824 | TUITION DISCOUN | BOOK |
| FINANCIAL AID | EGYPT | 1 | 6332 | TUITION DISCOUN | BOOK |
| FINANCIAL AID | VENEZUELA | 4 | 7236 | TUITION DISCOUN | BOOK |
| FINANCIAL AID | CHINA | 1 | 1005 | TUITION DISCOUN | BOOK |
| FINANCIAL AID | ZAMBIA | 1 | 4690 | TUITION DISCOUN | BOOK |
| FINANCIAL AID | SOUTH KOREA | 2 | 2600 | TUITION DISCOUN | BOOK |
| FINANCIAL AID | BRAZIL | 1 | 1162 | TUITION DISCOUN | BOOK |
| FINANCIAL AID | TOGO | 1 | 2600 | TUITION DISCOUN | BOOK |
| FINANCIAL AID | HAITI | 2 | 7191 | TUITION DISCOUN | BOOK |
| FINANCIAL AID | NAMBIA | 1 | 2500 | TUITION DISCOUN | BOOK |
| FINANCIAL AID | TAIWAN | 1 | 1170 | TUITION DISCOUN | BOOK |
| FINANCIAL AID | ST. VINCENT | 1 | 3618 | TUITION DISCOUN | BOOK |
| FINANCIAL AID | INDIA | 2 | 8563 | TUITION DISCOUN | BOOK |
| FINANCIAL AID | KENYA | 2 | 6790 | TUITION DISCOUN | BOOK |
| FINANCIAL AID | UGANDA | 1 | 300 | TUITION DISCOUN | BOOK |
| FINANCIAL AID | PHILIPPINES | 1 | 804 | TUITION DISCOUN | BOOK |
| FINANCIAL AID | BARBADOS | 1 | 1910 | TUITION DISCOUN | BOOK |
| FINANCIAL AID | DOMINICAN REPUBLIC | 5 | 11448 | TUITION DISCOUN | BOOK |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | false | TransferToForeignCorp |
| Interest In Foreign Trust | false | InterestInForeignTrust |
| Own Foreign Corp | false | OwnForeignCorp |
| Passive Foreign Invest Co | false | PassiveForeignInvestCo |
| Foreign Partnership | false | ForeignPartnership |
| Boycott Countries | false | BoycottCountries |
Form990 Schedule F Part V Form990ScheduleFPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS OUTSIDE THE UNITED STATES | Identifier |
| Return Reference | SCHEDULE F, PAGE 1, PART I, LINE 2 | ReturnReference |
| Explanation | INTERNATIONAL STUDENTS: THESE STUDENTS ARE AWARDED VARIOUS NONCASH DISCOUNTS IN THE FORM OF TUITION SCHOLARSHIPS. THEY DO NOT RECEIVE REFUNDS FROM THEIR ACCOUNT, NOR DO THEY RECEIVE AWARDS THAT EXCEED THEIR CHARGES. THE MAJORITY OF THESE FALL INTO THE FOLLOWING CATEGORIES: PARTNERING PROGRAMS: THESE STUDENTS PAY A PORTION (ABOUT 1/3) OF THE COST, THEN RECEIVE DISCOUNTS/SCHOLARSHIPS FOR THE REST. ABOUT HALF OF THESE SCHOLARSHIPS ARE FUNDED BY PARTNERING ORGANIZATIONS OR DONORS, THE OTHER HALF ARE FUNDED FROM THE BUDGET. WE WORK CLOSELY WITH THE PARTNERING ORGANIZATIONS TO SELECT QUALIFYING STUDENTS. TEACH ALL NATIONS AND VISION SCHOLARS: THESE STUDENTS HAVE BEEN SELECTED AS OUTSTANDING INTERNATIONAL STUDENTS TO RECEIVE UP TO 100% TUITION DISCOUNTS/SCHOLARSHIPS. THESE STUDENTS TYPICALLY ONLY PAY THE FEES (SOME PAY A PORTION OF TUITION). THE MAJORITY OF THESE AWARDS ARE FUNDED BY RESTRICTED GIFTS. OUR ULTIMATE GOAL OVER THE NEXT 20 YEARS IS TO HAVE ONE SCHOLARSHIP RECIPIENT FROM EVERY COUNTRY IN THE WORLD. STANDARD INSTITUTIONAL AID: INTERNATIONAL STUDENTS WHO ENROLL THROUGH OUR TRADITIONAL PROGRAMS QUALIFY FOR MANY OF THE SAME AWARDS THAT OTHER STUDENTS RECEIVE. THESE ARE MOSTLY FUNDED FROM OUR BUDGET. MANY OF THESE STUDENTS COME TO THE US ON A STUDENT VISA AND ATTEND CLASSES ON THE MAIN CAMPUS. | Explanation |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | FINANCIAL AID | TypeOfGrant |
| Number Of Recipients | 351 | NumberOfRecipients |
| Amount Of Cash Grant | 978517 | AmountOfCashGrant |
| Method Of Valuation | BOOK | MethodOfValuation |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS INSIDE THE UNITED STATES | Identifier |
| Return Reference | SCHEDULE I, PAGE 1, PART I, LINE 2 | ReturnReference |
| Explanation | PIU EVALUATES ELIGIBILITY BY RECEIVING WRITTEN REPRESENTATIONS AND FROM REVIEW OF A STUDENTS FILE. ITEMS TO BE CHECKED INCLUDE PIUS APPLICATION, HIGH SCHOOL DIPLOMA, DROP/ADD FORMS, AND WITHDRAWAL FORMS. ONCE A STUDENT HAS COMPLETED THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) APPLICATION, PIU SUBMITS IT ELECTRONICALLY TO ED. ONCE IT IS PROCESSED THE STUDENT WILL RECEIVE A STUDENT AID REPORT AND THE SCHOOL WILL RECEIVE AN ISIR. THE ISIR IS KEPT IN THE STUDENTS FINANCIAL AID FILE. THE ISIR CONTAINS THE EFC AMOUNT, WHICH IS THE AMOUNT THE STUDENT IS EXPECTED TO PAY, THE COST OF ATTENDANCE IS FOUND ON WORKSHEETS GENERATED BY WEBER. THE EFC AND COA ARE BOTH USED TO CALCULATE FINANCIAL NEED. THE ISIR ALSO PROVIDES FINANCIAL AID HISTORY, MATCHES SOCIAL SECURITY DATA, SELECTIVE SERVICE DATA AND CHECKS CITIZENSHIP. FFEL- CHECKS FROM LOAN INSTITUTIONS ARE REQUESTED FROM STUDENTS THROUGH LOAN APPLICATIONS. LOAN APPLICATIONS ARE CERTIFIED BY PIU AND SENT BY STUDENT FINANCIAL AID OFFICE. MONEY IS DEPOSITED INTO A SEPARATE BANK ACCOUNT USING ACH/EFT SYSTEM. ONCE PIU RECEIVES THE DISBURSEMENT RECORD FROM THE LENDER, THE FINANCIAL AID OFFICE BATCHES THE LOANS AND SENDS THEM TO THE BUSINESS OFFICE. THE BUSINESS OFFICE VERIFIES FUNDS AND THEN CREDITS THE STUDENTS ACCOUNT. SOMETIMES CHECKS ARE SENT IN THE STUDENTS AND PIUS NAME. THESE ARE DEPOSITED SEPARATELY INTO THE BANK ACCOUNT BY THE BUSINESS OFFICE. CHECKS ARE SIGNED BY THE STUDENT, AND PIU POSTS CHECKS TO THE STUDENT'S ACCOUNT. LOANS COME IN TWO DISBURSEMENTS - GENERALLY ONE FOR FIRST SEMESTER AND ONE FOR SECOND. THE WHOLE DISBURSEMENT IS APPLIED TO THE STUDENTS ACCOUNT. COST OF ATTENDANCE IS ALWAYS GREATER THAN LOAN PROCEEDS AND ALL OTHER FINANCIAL ASSISTANCE. ANY EXCESS CAN BE WITHDRAWN BY THE STUDENT FOR LIVING EXPENSES. PELL, SEOG & FWS - PIU IS GIVEN AN INITIAL AUTHORIZATION FOR FUNDS BY THE DEPARTMENT OF EDUCATION FOR WHICH IT CANNOT EXCEED. PIU CALLS DOWN THE FUNDS THROUGH GAPS AND THE MONEY IS ELECTRONICALLY DEPOSITED INTO A SEPARATE FEDERAL FUNDS ACCOUNT AT LEXINGTON STATE BANK, THEN THEY ARE SWEPT INTO AN INVESTMENT ACCOUNT EACH NIGHT BY THE BANK. THE FUNDS ARE ONLY REQUESTED AFTER DISBURSEMENT TO STUDENTS ACCOUNT, PER FWS, FUNDS ARE PAID TO THE STUDENTS THROUGH PIU PAYROLL AS EARNED. | Explanation |
Schedule M IRS990ScheduleM
Books And Publications BooksAndPublications
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Noncash Contribs Rptd F990 | 41600 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenues |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 2 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 50223 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenues |
Real Estate Residential RealEstateResidential
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 59000 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | APPRAISAL | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Description | TRAILER | Description |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 3000 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | false | ReviewProcessUnusualNCGifts |
| Third Parties Used | false | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| ORGANIZATION'S MISSION | FORM 990 - ORGANIZATION'S MISSION | PIEDMONT INTERNATIONAL UNIVERSITY IS AN ESTABLISHED PROVIDER OF QUALITY, BIBLE-CENTERED HIGHER EDUCATION FOR EFFECTIVE LIFETIME MINISTRY. WE ARE DRIVEN BY OUR LOVE FOR STUDENTS AND ALUMNI AND ARE COMMITTED TO THEIR SUCCESS. WE SERVE CHURCHES BY EQUIPPING LEADERS TO OBEY THE GREAT COMMANDMENT AND FULFILL THE GREAT COMMISSION. |
| ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 | FORM 990, PAGE 6, PART VI, LINE 11B | THE 990 IS REVIEWED BY THE FINANCE COMMITTEE BEFORE IT IS FILED. |
| ENFORCEMENT OF CONFLICTS POLICY | FORM 990, PAGE 6, PART VI, LINE 12C | OFFICERS, TRUSTEES AND KEY EMPLOYEES ARE REQUIRED TO COMPLETE A YEARLY SURVEY AND AGREE WITH THE POLICY THAT IS CURRENTLY IN PLACE. |
| COMPENSATION PROCESS FOR TOP OFFICIAL | FORM 990, PAGE 6, PART VI, LINE 15A | THE BOARD MEETS IN EXECUTIVE SESSION TO CONSIDER SALARIES FOR TOP OFFICIALS. COMPENSATION IS DETERMINED BY BUDGET CONTRAINTS AS WELL AS INPUT FROM THE PRESIDENT AND BOARD MEMBERS. |
| COMPENSATION PROCESS FOR OFFICERS | FORM 990, PAGE 6, PART VI, LINE 15B | THE BOARD MEETS IN EXECUTIVE SESSION TO CONSIDER SALARIES FOR TOP OFFICIALS. COMPENSATION IS DETERMINED BY BUDGET CONTRAINTS AS WELL AS INPUT FROM THE PRESIDENT AND BOARD MEMBERS. |
| GOVERNING DOCUMENTS DISCLOSURE EXPLANATION | FORM 990, PAGE 6, PART VI, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. |
| RECONCILIATION OF CHANGES - OTHER | FORM 990, PART XI, LINE 9 | BOOK/TAX DIFFERENCE IN VALUE OF NONCASH CONTRIBUTION 11,000 TUITION NET OF SCHOLARSHIPS AND GRANTS ON FINANCIAL STMT -1,062,104 SCHOLARSHIPS AND GRANTS NET WITH TUITION ON FINANCIAL STMT 1,062,104 BOOK / TAX DEPRECIATION DIFFERENCE 196,596 |
| OTHER CHANGES IN NET ASSETS EXPLANATION | FORM 990, PART XI, LINE 9 | PRIOR PERIOD ADJUSTMENT 196,596 |