BELMONT ABBEY COLLEGE: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- BELMONT ABBEY COLLEGE (EIN 56-0547498)
- Tax period
- 2011-06-01 to 2012-05-31
- Filed
- 2013-04-12
- IRS object ID
- 201301039349300210
- Schema version
- 2011v1.5
- 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 J
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-04-12T12:58:49-05:00 | Timestamp |
| Tax Period End Date | 2012-05-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 420714325 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MCGLADREY LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 230 N ELM ST STE 1100 | AddressLine1 |
| City | GREENSBORO | City |
| State | NC | State |
| ZIP Code | 27401 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-06-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 560547498 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BELMONT ABBEY COLLEGE INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | BELM | NameControl |
| Phone | 7044616814 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 BELMONT-MOUNT HOLLY ROAD | AddressLine1 |
| City | BELMONT | City |
| State | NC | State |
| ZIP Code | 28012 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | WILLIAM THIERFELDER | Name |
| Title | PRESIDENT | Title |
| Phone | 7044616814 | Phone |
| Date Signed | 2013-04-09 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | ADRIENNE MCKINNEY | Name |
| PTIN | P00819656 | PTIN |
| Phone | 3362724551 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | WILLIAM THIERFELDER | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 BELMONT-MOUNT HOLLY ROAD | AddressLine1 |
| City | BELMONT | City |
| State | NC | State |
| ZIP Code | 28012 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 45763735 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.BELMONTABBEYCOLLEGE.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1960 | YearFormation |
| State Legal Domicile | NC | StateLegalDomicile |
| Activity Or Mission Description | BELMONT ABBEY COLLEGE OFFERS BACCALAUREATE LEVEL EDUCATION IN HUMANITIES, NATURAL SCIENCES, SOCIAL SCIENCES, AND PROFESSIONAL STUDIES. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 32 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 26 | NbrIndependentVotingMembers |
| Total Nbr Employees | 613 | TotalNbrEmployees |
| Total Nbr Volunteers | 25 | TotalNbrVolunteers |
| Total Gross UBI | -9207 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -9207 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 3759242 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 3414853 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 33404075 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 34909290 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 449067 | InvestmentIncomePriorYear |
| Investment Income Current Year | 913517 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | -25252 | OtherRevenuePriorYear |
| Other Revenue Current Year | -9207 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 37587132 | TotalRevenuePriorYear |
| Total Revenue Current Year | 39228453 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 12970168 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 13398987 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 13127185 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 13849817 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 903229 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 11501399 | OtherExpensePriorYear |
| Other Expenses Current Year | 11483138 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 37598752 | TotalExpensesPriorYear |
| Total Expenses Current Year | 38731942 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -11620 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 496511 | RevenuesLessExpensesCY |
| Total Assets BOY | 20831687 | TotalAssetsBOY |
| Total Assets EOY | 20452970 | TotalAssetsEOY |
| Total Liabilities BOY | 9897074 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 10289911 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 10934613 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 10163059 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | OUR MISSION IS TO EDUCATE STUDENTS IN THE LIBERAL ARTS AND SCIENCES SO THAT IN ALL THINGS GOD MAY BE GLORIFIED. IN THIS ENDEAVOR, WE ARE GUIDED BY THE CATHOLIC INTELLECTUAL TRADITION AND THE BENEDICTINE SPIRIT OF PRAYER AND LEARNING. EXEMPLIFYING BENEDICTINE HOSPITALITY, WE WELCOME A DIVERSE BODY OF STUDENTS AND PROVIDE THEM WITH AN EDUCATION THAT WILL ENABLE THEM TO LEAD LIVES OF INTEGRITY, TO SUCCEED PROFESSIONALLY, TO BECOME RESPONSIBLE CITIZENS, AND TO BE A BLESSING TO THEMSELVES AND TO OTHERS. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 31342194 | Expense |
| Grants | 13398987 | Grants |
| Revenue | 34909290 | Revenue |
| Description | ACADEMIC - BELMONT ABBEY COLLEGE OFFERS 17 BACHELOR OF ARTS AND 6 BACHELOR OF SCIENCES PROGRAMS IN THE HUMANITIES, NATURAL SCIENCES AND PROFESSIONAL STUDIES. DURING THE 2010-2011 ACADEMIC YEAR THE COLLEGE ENROLLED 1,711 STUDENTS.THE COLLEGE PROVIDES SEVERAL PROGRAMS THROUGH THE OFFICES OF ACADEMIC ASSISTANCE, CAREER SERVICES AND LIBRARY SERVICES TO ASSIST STUDENTS TO BECOME ACADEMICALLY SUCCESSFUL. THESE SERVICES INCLUDE INDIVIDUAL COACHING AND TUTORING, CAREER COUNSELING AND ASSESSMENT, INFORMATIONAL RESOURCES, AND VARIOUS WORKSHOPS GEARED TOWARD ACADEMIC SUCCESS.IN ADDITION TO ACADEMIC SUPPORT, BELMONT ABBEY COLLEGE OFFERS MANY PROGRAMS TO ASSIST STUDENTS TO BECOME WELL-ROUNDED INDIVIDUALS. THESE SERVICES INCLUDE A WELLNESS CENTER WITH A HEALTH CLINIC AND COUNSELING, CENTER, AN HONORS INSTITUTE, ATHLETIC ACTIVITIES, STUDY ABROAD, INFORMATION TECHNOLOGY SERVICES, PERFORMING ARTS, AND OTHER STUDENT ACTIVITIES. | Description |
| Total Program Service Expense | 31342194 | 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 | 0 | 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 | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 1 | 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 | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 1 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | 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 |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 2166 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 613 | 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 | 32 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 26 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | 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 | 0 | 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 | WAYNE SCROGGINS | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 7044616712 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 BELMONT-MT HOLLY RD | AddressLine1 |
| City | BELMONT | City |
| State | NC | State |
| ZIP Code | 28012 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (33 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 |
|---|---|---|---|---|---|---|---|
| RT REV PLACID D SOLARI | |||||||
| CHANCELLOR | 3.00 | X | 0 | 0 | 0 | ||
| REV MSGR MAURICIO WEST | |||||||
| CHAIRMAN | 3.00 | X | 0 | 0 | 0 | ||
| KENNETH D BELL | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| RT REV OSCAR BURNETT | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| MARK A COLLAR | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| ROBERT A DESTRO | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| SHARON L FOLK | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| ROBERT W DINEEN | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| REV FRANCIS FORSTER | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| JOE LINDSLEY | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| PAUL L HERNDON | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| RAYMOND JONES | |||||||
| TRUSTEE | 3.00 | X | 0 | 0 | 0 | ||
| KEVIN T KENNELLY | |||||||
| TRUSTEE | 3.00 | X | 0 | 0 | 0 | ||
| REV JOSEPH W KOTERSKI SJ | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| HANS LENGERS | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| ROGER REGELBRUGGE | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| DR CHARLES J MEAKIN III | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| EDWARD C RUFF | |||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | ||
| REGINA P MOODY | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| CHARLES A POL | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| JERRY SCHMITT | |||||||
| TRUSTEE | 3.00 | X | 0 | 0 | 0 | ||
| MICHAEL SNYDER | |||||||
| TRUSTEE | 3.00 | X | 0 | 0 | 0 | ||
| D HARDING STOWE | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| BR ANTHONY SWOFFORD OSB | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| PETER TONON | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| WILLIAM K THIERFELDER | |||||||
| PRESIDENT | 60.00 | 268830 | 0 | 47732 | X | ||
| WAYNE J SCROGGINS | |||||||
| VP ADMIN. & FINANCE | 60.00 | 160949 | 0 | 28768 | X | ||
| KENNETH DAVISON | |||||||
| VP COLLEGE RELATIONS | 50.00 | 101035 | 0 | 21444 | X | ||
| ANNE DALY | |||||||
| VP ACADEMIC AFFAIR | 50.00 | 170774 | 0 | 11696 | X | ||
| LUCAS C LAMADRID | |||||||
| VP ENROLLMENT MGMT & STUDE | 50.00 | 125044 | 0 | 26235 | X | ||
| RITA LEWIS | |||||||
| CORPORATE SECRETARY | 40.00 | 44188 | 0 | 8442 | X | ||
| RICHARD HOEFLING | |||||||
| SECRETARY | 3.00 | 0 | 0 | 0 | X | ||
| MARCIA MAKL | |||||||
| DIR-INFO TECHNOLOGY | 40.00 | 105739 | 0 | 12064 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 976559 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 156381 | TotalOtherCompensation |
| Number Individuals GT100 K | 6 | NumberIndividualsGT100K |
| Formers Listed | 0 | 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 |
|---|---|---|---|---|---|
| CHARTWELLS DINING SERVICES | |||||
| PO BOX 91337 | CHICAGO | IL | 60693 | FOOD SERVICES | 1724889 |
| SSC SERVICE SOLUTIONS | |||||
| 1845 MIDPARK ROAD STE 201 | KNOXVILLE | TN | 37921 | MAINTENANCE MANAGEMENT | 1022772 |
| BARNES AND NOBLE | |||||
| 112 FIFRTH STREET 2ND FLOOR | NEW YORK | NY | 10011 | COLLEGE BOOKSTORE | 558111 |
| IMAGEMARK | |||||
| PO BOX 3386 | HICKORY | NC | 28603 | MARKETING AND PRINTING | 336287 |
| O'MEARA FERGUSON WHELAN AND CONWAY | |||||
| 350 S MAIN ST STE 220 | ANN ARBOR | MI | 48104 | CONSULTING | 191199 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 7 | NumberOfContractorsGT100K |
| Government Grants | 1481546 | GovernmentGrants |
| All Other Contributions | 1933307 | AllOtherContributions |
| Noncash Contributions | 29176 | NoncashContributions |
| Total Contributions | 3414853 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION AND FEES | 611710 | 27793694 | 27793694 |
| AUXILIARY SERVICES | 611710 | 6707212 | 6707212 |
| MISC. PROGRAM | 611710 | 408384 | 408384 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 34909290 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 392922 | TotalRevenueColumn |
| Exclusion | $392,922 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 6955947 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 6435352 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 520595 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 520595 | TotalRevenueColumn |
| Exclusion | $520,595 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 90723 | GrossSalesOfInventory |
| Cost Of Goods Sold | 99930 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -9207 | TotalRevenueColumn |
| Unrelated Business Revenue | -9207 | UnrelatedBusinessRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 39228453 | TotalRevenueColumn |
| Related Or Exempt Function Income | 34909290 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | -9207 | UnrelatedBusinessRevenue |
| Exclusion | $913,517 | ExclusionAmount |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13398987 | Total |
| Program Services | 13398987 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 933484 | Total |
| Program Services | 312825 | ProgramServices |
| Management And General | 517941 | ManagementAndGeneral |
| Fundraising | 102718 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10051595 | Total |
| Program Services | 6995172 | ProgramServices |
| Management And General | 2617952 | ManagementAndGeneral |
| Fundraising | 438471 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 337202 | Total |
| Program Services | 234668 | ProgramServices |
| Management And General | 87825 | ManagementAndGeneral |
| Fundraising | 14709 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1720873 | Total |
| Program Services | 1193839 | ProgramServices |
| Management And General | 451426 | ManagementAndGeneral |
| Fundraising | 75608 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 806663 | Total |
| Program Services | 561378 | ProgramServices |
| Management And General | 210097 | ManagementAndGeneral |
| Fundraising | 35188 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 95484 | Total |
| Management And General | 95484 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4784168 | Total |
| Program Services | 3400332 | ProgramServices |
| Management And General | 1351926 | ManagementAndGeneral |
| Fundraising | 31910 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 136131 | Total |
| Program Services | 99585 | ProgramServices |
| Management And General | 36546 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 329075 | Total |
| Program Services | 284013 | ProgramServices |
| Management And General | 32698 | ManagementAndGeneral |
| Fundraising | 12364 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1055795 | Total |
| Program Services | 940714 | ProgramServices |
| Management And General | 96077 | ManagementAndGeneral |
| Fundraising | 19004 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 641302 | Total |
| Program Services | 511407 | ProgramServices |
| Management And General | 102675 | ManagementAndGeneral |
| Fundraising | 27220 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 138790 | Total |
| Program Services | 98139 | ProgramServices |
| Management And General | 39556 | ManagementAndGeneral |
| Fundraising | 1095 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 483877 | Total |
| Program Services | 483877 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 617146 | Total |
| Program Services | 549877 | ProgramServices |
| Management And General | 56160 | ManagementAndGeneral |
| Fundraising | 11109 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 207480 | Total |
| Program Services | 30216 | ProgramServices |
| Management And General | 177264 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| STUDENT SERVICES | 751248 | 614137 | 120520 | 16591 |
| EQUIPMENT RENTAL | 361349 | 153702 | 196900 | 10747 |
| RENTAL EXPENSES | 350827 | 350827 | ||
| ENTERTAINMENT | 203505 | 174405 | 9640 | 19460 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1326961 | Total |
| Program Services | 954094 | ProgramServices |
| Management And General | 285832 | ManagementAndGeneral |
| Fundraising | 87035 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 38731942 | Total |
| Program Services | 31342194 | ProgramServices |
| Management And General | 6486519 | ManagementAndGeneral |
| Fundraising | 903229 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 39149 | BOY |
| EOY | 85999 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3036885 | BOY |
| EOY | 2068425 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 63447 | BOY |
| EOY | 45052 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 563875 | BOY |
| EOY | 638339 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20612 | BOY |
| EOY | 19354 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21690 | BOY |
| EOY | 55821 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 790439 | BOY |
| EOY | 1171371 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 13779391 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 5775480 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7024316 | BOY |
| EOY | 8003911 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6817742 | BOY |
| EOY | 6306043 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 240841 | BOY |
| EOY | 109610 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2212691 | BOY |
| EOY | 1949045 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20831687 | BOY |
| EOY | 20452970 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1412243 | BOY |
| EOY | 1380774 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 44153 | BOY |
| EOY | 44153 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 386351 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1985000 | BOY |
| EOY | 1750000 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1438000 | BOY |
| EOY | 1438000 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3582570 | BOY |
| EOY | 3340535 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1435108 | BOY |
| EOY | 1950098 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9897074 | BOY |
| EOY | 10289911 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -213552 | BOY |
| EOY | -977322 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2159699 | BOY |
| EOY | 2217226 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8988466 | BOY |
| EOY | 8923155 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10934613 | BOY |
| EOY | 10163059 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20831687 | BOY |
| EOY | 20452970 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 496511 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -1268065 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| 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 D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 7971380 | BeginningOfYearBalance |
| Contributions | 171444 | Contributions |
| Investment Earnings Or Losses | -152241 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 101600 | GrantsOrScholarships |
| Other Expenditures | 238700 | OtherExpenditures |
| Administrative Expenses | 0 | AdministrativeExpenses |
| End Of Year Balance | 7650283 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 7666276 | BeginningOfYearBalance |
| Contributions | 41854 | Contributions |
| Investment Earnings Or Losses | 900358 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 140584 | GrantsOrScholarships |
| Other Expenditures | 103107 | OtherExpenditures |
| Administrative Expenses | -879 | AdministrativeExpenses |
| End Of Year Balance | 8365676 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 7055374 | BeginningOfYearBalance |
| Contributions | 81086 | Contributions |
| Investment Earnings Or Losses | 778816 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 89700 | GrantsOrScholarships |
| Other Expenditures | 159300 | OtherExpenditures |
| End Of Year Balance | 7666276 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 8550457 | BeginningOfYearBalance |
| Contributions | 59600 | Contributions |
| Investment Earnings Or Losses | -1473667 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 81016 | GrantsOrScholarships |
| End Of Year Balance | 7055374 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.00000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.86000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.14000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 8492290 | OtherCostOrOtherBasis |
| Depreciation | 3033557 | Depreciation |
| Book Value | 5458733 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 547124 | OtherCostOrOtherBasis |
| Depreciation | 97960 | Depreciation |
| Book Value | 449164 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3416790 | OtherCostOrOtherBasis |
| Depreciation | 2643963 | Depreciation |
| Book Value | 772827 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1323187 | OtherCostOrOtherBasis |
| Book Value | 1323187 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 8003911 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets (3 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| CONTRIBUTIONS REC. FROM TRUST | 16269 |
| BENEFICIAL INTEREST IN TRUST | 1921615 |
| DEFERRED LOAN COST | 11161 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 1949045 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| STUDENT DEPOSITS | $319,513 |
| OTHER LIABILITIES | $1,630,585 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 1950098 | TotalOfAmounts |
| Total Revenue | 39228453 | TotalRevenue |
| Total Expenses | 38731942 | TotalExpenses |
| Excess Or Deficit For Year | 496511 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -1022023 | NetUnrealizedGLOnInvestments |
| Other | -$246,042 | OtherAmount |
| Total Adjustments | -1268065 | TotalAdjustments |
| Excess Or Deficit Per FS | -771554 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 26286216 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -1022023 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 1634885 | DonatedSrvcAndUseOfFacilities |
| Other Revenues | -246042 | OtherRevenues |
| Revenue Not Rptd F990 | 366820 | RevenueNotRptdF990 |
| Revenue Subtotal | 25919396 | RevenueSubtotal |
| Other Revenues Not Included | 13309057 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 13309057 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 39228453 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 27067770 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 1634885 | DonatedServicesUseOfFacilities |
| Other Expenses Included | 99930 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 1734815 | ExpensesNotRptdF990 |
| Expenses Subtotal | 25332955 | ExpensesSubtotal |
| Other Expenses Not Included | 13398987 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 13398987 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 38731942 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (7 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: | PART V, LINE 4: | SCHOLARSHIPS AND SPECIFIC DEPARTMENTAL ACTIVITIES. |
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | MANAGEMENT EVALUATED THE COLLEGE'S TAX POSITIONS AND CONCLUDED THAT THE COLLEGE HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENTS TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THE INCOME TAXES TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC). |
| PART XI, LINE 8 - OTHER ADJUSTMENTS: | CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -247,385. CHANGE IN CSV OF LIFE INSURANCE 1,343. TOTAL TO SCHEDULE D, PART XI, LINE 8: -246,042. | |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | CHANGE IN SPLIT INTEREST AGREEMENTS -247,385. CHANGE IN CSV OF LIFE INSURANCE 1,343. | |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | RECLASS SCHOLARSHIP GRANTS 13,398,987. FORGIVENESS OF DEBT 10,000. UBIT EXPENSES -99,930. | |
| PART XIII, LINE 2D - OTHER ADJUSTMENTS: | UBIT EXPENSES 99,930. | |
| PART XIII, LINE 4B - OTHER ADJUSTMENTS: | GRANTS AND SCHOLARSHIPS 13,398,987. |
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 | SEE SCHEDULE O. |
| EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE | SCHEDULE E, PART I, LINE 6 | BELMONT ABBEY COLLEGE STUDENTS RECEIVE A VARIETY OF FEDERAL AND STATE GRANTS AND LOANS, INCLUDING PELL GRANTS, SUPPLEMENTAL EDUCATIONS OPPORTUNITY GRANTS, NC LEGISLATIVE TUITION GRANTS, AND NC STUDENT INCENTIVE GRANTS. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | 1 | GrantRecordsMaintained |
| Subtotal Number Of Offices | 0 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 0 | SubtotalNumberOfEmployees |
| Cont Number Of Offices | 0 | ContNumberOfOffices |
| Cont Number Of Employees | 0 | ContNumberOfEmployees |
| Total Number Of Offices | 0 | TotalNumberOfOffices |
| Total Number Of Employees | 0 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 0 | SubtotalAmountSpent |
| Cont Amount Spent | 0 | ContAmountSpent |
| Total Amount Spent | 0 | TotalAmountSpent |
Grants To Ind Outside US GrantsToIndOutsideUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Assistance | FINANCIAL AID FOR STUDY ABROAD PROGRAM IN IRELAND | TypeOfAssistance |
| Region | EUROPE | Region |
| Number Of Recipients | 4 | NumberOfRecipients |
| Amount Of Cash Grant | 8000 | AmountOfCashGrant |
| Manner Of Cash Disbursement | PAID DIRECTLY TO PROGRAM STUDENTS ATTENDED | MannerOfCashDisbursement |
| Method Of Valuation | CASH | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 |
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 AND FELLOWSHIPS TO STUDENTS | TypeOfGrant |
| Number Of Recipients | 972 | NumberOfRecipients |
| Amount Of Cash Grant | 13398987 | 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: THE ORG. UTILIZES VARIOUS DATABASES TO STORE & MONITOR ALL DATA PERTAINING TO THE AWARDING AND DISBURSEMENT OF GRANTS RECEIVED IN THE U.S. ALL GRANTS RECEIVED ARE PROPERLY APPLIED AS PAYMENTS TOWARD STUDENTS' ACCOUNTS APPROPRIATELY. ALL PARTICIPATING GRANTING ORGANIZATIONS HAVE COMPLIANCE REQUIREMENTS THAT ARE ADHERED TO & AUDITED ANNUALLY IN ACCORDANCE WITH THE OFFICE OF MGT. AND BUDGET (OMB) CIRCULAR A-133, AUDITS OF STATES, LOCAL GOVERNMENTS, AND NON-PROFIT ORGANIZATIONS. AS SUCH, THE ORG. PRESENTS SCHEDULES OF EXPENDITURES OF FEDERAL AND STATE AWARDS SUMMARIZING ALL EXPENDITURES USING THE ACCRUAL BASIS OF ACCOUNTING. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Payments For Use Of Residence | X | PaymentsForUseOfResidence |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | 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 (4 entries)
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| WILLIAM K THIERFELDER | |||||||||||||
| 199597 | 0 | 0 | 0 | 69233 | 0 | 0 | 0 | 47732 | 0 | 316562 | 0 | 0 | 0 |
| WAYNE J SCROGGINS | |||||||||||||
| 159426 | 0 | 0 | 0 | 1523 | 0 | 4617 | 0 | 24151 | 0 | 189717 | 0 | 0 | 0 |
| ANNE DALY | |||||||||||||
| 169665 | 0 | 0 | 0 | 1109 | 0 | 4703 | 0 | 6993 | 0 | 182470 | 0 | 0 | 0 |
| LUCAS C LAMADRID | |||||||||||||
| 124295 | 0 | 0 | 0 | 749 | 0 | 3640 | 0 | 22595 | 0 | 151279 | 0 | 0 | 0 |
Schedule L IRS990ScheduleL
Loan Table LoanTable (2 entries)
| Loan To OrganizationLoanToOrganization | Original PrincipalOriginalPrincipalAmount | Balance DueBalanceDue | DefaultDefault | Approved By BoardApprovedByBoard | Written AgreementWrittenAgreement |
|---|---|---|---|---|---|
| STH BENEDICTINE | |||||
| X | $1,438,000 | 1438000 | 0 | 1 | 1 |
| SOCIETY | |||||
| X | 0 | 1 | 1 | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 1438000 | TotalBalanceDue |
Form990 Schedule L Part IV Form990ScheduleLPartIV (2 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| ABBOT OF BELMONT ABBEY | |||
| CHANCELLOR/PRES SBS | 75495 | INTEREST -THE SOUTHERN BENEDICTINE SOCIETY RECEIVED INTEREST ON THE LOAN DISCLOSED ON SCHEDULE, PART II. | 0 |
| (no name) | |||
| 0 | |||
Form990 Schedule L Part V Form990ScheduleLPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PART IV, ITEM (B) | Identifier |
| Return Reference | RELATIONSHIP | ReturnReference |
| Explanation | THE SITTING ABBOT ALSO SERVES AS BOTH CHANCELLOR OF THE COLLEGE AND PRESIDENT OF THE SOUTHERN BENEDICTINE SOCIETY (SBS) BY VIRTUE OF HIS POSITION. HE IS ALSO ON THE BOARD OF THE COLLEGE. | Explanation |
Schedule M IRS990ScheduleM
Books And Publications BooksAndPublications
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Noncash Contribs Rptd F990 | 9280 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | MARKET VALUE | MethodOfDeterminingRevenues |
Clothing And Household Goods ClothingAndHouseholdGoods
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Noncash Contribs Rptd F990 | 4000 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | 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 | 3413 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | MARKET VALUE | MethodOfDeterminingRevenues |
Food Inventory FoodInventory
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 2 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 5896 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | MARKET VALUE | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable (2 entries)
| Non Cash CheckboxNonCashCheckbox | DescriptionDescription | Number Of ContributionsNumberOfContributions | Noncash Contribs Rptd F990NoncashContribsRptdF990 | Method Of Determining RevenuesMethodOfDeterminingRevenues |
|---|---|---|---|---|
| X | PALLET STORAGE | 1 | 4320 | MARKET VALUE |
| X | FORGIVE DEBT | 1 | 10000 | FACE VALUE OF DEBT |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 1 | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | THIRD PARTY USE: | Identifier |
| Return Reference | PART I, LINE 32B: | ReturnReference |
| Explanation | STOCKS ARE SOLD AUTOMATICALLY BY THE ORGANIZATION'S BROKER WHO RECEIVES THE SHARES. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (11 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | HOEFLING, THIERFELDER, KENNELLY-COMMON BUSINESS RELATIONSHIP ABBOT PLACID, MR. GALLAGHER AND FR. WEST HAVE COMMON ACTIVITIES WITHIN THE DIOCESE. GALLAGHER, HOEFLING, LENGERS, RUFF, THIERFELDER, AND WEST ALL SERVE ON THE CHARLOTTE BUSINESS COUNCIL. FR. WEST AND MR. JONES ARE BOTH DIRECTORS OF THE FOUNDATION OF THE ROMAN CATHOLIC DIOCESE OF CHARLOTTE. MR. RUFF SERVES ON DIOCESAN FINANCE COUNCIL. LENGERS, RUFF, JERRY SCHMITT AND KENNELLY RECEIVED INTEREST INCOME FROM THE COLLEGE ON INVESTMENT IN COLLEGE BONDS. | |
| FORM 990, PART VI, SECTION A, LINE 6 | THE MEMBERS OF BELMONT ABBEY COLLEGE, INC. (BAC) ARE THE CHAPTER OF BELMONT ABBEY. IN ACCORDANCE WITH ITS RULES AND PROCEDURES, THE BUSINESS AND AFFAIRS OF THE COLLEGE SHALL BE MANAGED BY THE BOARD OF TRUSTEES OR BY SUCH COMMITTEES AS THE BOARD MAY ESTABLISH PURSUANT TO THE BY-LAWS AND THE CHARTER OF THE COLLEGE. THE BOARD OF TRUSTEES OF THE COLLEGE SHALL CONSIST OF NOT LESS THAN TWENTY (20) NOR MORE THAN FORTY (40) TRUSTEES. THE MEMBERS OF THE COLLEGE SHALL BE ENTITLED TO A MINIMUM REPRESENTATION OF THE BOARD OF TRUSTEES OF SEVEN (7) MEMBERS, ONE (1) OF WHOM SHALL BE THE ABBOT OF BELMONT ABBEY, THE CHANCELLOR EX-OFFICIO OF THE COLLEGE. SUCH REPRESENTATION SHALL BE LIMITED TO A MAXIMUM OF TWENTY-FIVE PERCENT (25%) OF THE TOTAL BOARD OF TRUSTEES THAT MAY BE SERVING FROM TIME TO TIME PROVIDED THE MINIMUM REPRESENTATION OF SEVEN (7) MEMBERS IS ALWAYS OBSERVED. | |
| FORM 990, PART VI, SECTION A, LINE 7A | THE MEMBERS OF BAC HAVE THE AUTHORITY TO ELECT OR REMOVE TRUSTEES AS OUTLINED IN THE ARTICLES OF INCORPORATION AND AMENDMENTS. | |
| FORM 990, PART VI, SECTION A, LINE 7B | THE MEMBERS OF BAC HAVE RESERVED CERTAIN POWERS IN THE ARTICLES OF INCORPORATION OR AMENDMENTS THERETO AS FOLLOWS: TO LEASE, SELL, MORTGAGE, OR ENCUMBER REAL ESTATE OWNED BY BAC; TO MERGE, AFFILIATE, LIQUIDATE, OR DISSOLVE BAC; TO AMEND THE ARTICLES OF INCORPORATION OF BAC; AND TO TERMINATE THE EXISTENCE OF BAC PURSUANT TO THE NON-PROFIT LAWS OF NC. FURTHER, THE MEMBERS SHALL APPROVE IN WRITING THE FOLLOWING ACTIONS OF THE BAORD OF TRUSTEES OF BAC: THE ELECTION AND/OR REMOVAL OF TRUSTEES; ANY AMENDMENT BY THE BY-LAWS OF BAC; THE APPOINTMENT OF THE PRESIDENT OF BAC; AND THE ADOPTION OF ANY CAPITAL BUDGET OR THE ADOPTION OF ANY BUDGET REFLECTING OPERATING DEFICITS OF BAC. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE FINANCE COMMITTEE REVIEWED THE DRAFT 990 (PUBLIC INSPECTION COPY) IN DETAIL. BASED ON THIS REVIEW THEY APPROVED THE 990 (PUBLIC INSPECTION COPY) FOR FILING. SUBSEQUENTLY, THE PUBLIC INSPECTION COPY WAS SENT TO EACH TRUSTEE IN ADVANCE OF THE FILING DATE (APRIL 15). | |
| FORM 990, PART VI, SECTION B, LINE 12C | ALL EMPLOYEES ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST ANNUALLY WITH THEIR EMPLOYMENT CONTRACT. BOARD MEMBERS ARE REQUIRED TO FILE A REPORT ANNUALLY WHICH DISCLOSES ANY INTERESTS THAT COULD GIVE RISE TO CONFLICTS. | |
| FORM 990, PART VI, SECTION B, LINE 15 | THE TERMS AND CONDITIONS OF EACH AMENDMENT TO THE PRESIDENT'S EMPLOYMENT AGREEMENT ARE PRESENTED TO THE BOARD OF TRUSTEES' EXECUTIVE COMMITTEE FOR DISCUSSION, COMMENT AND APPROVAL. PEER INSTITUTION COMPENSATION DATA IS PROVIDED FOR CONSIDERATION AS PART OF THE APPROVAL PROCESS. LIFE INSURANCE BENEFITS, IF ANY PROPOSED, WOULD ALSO BE REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION WILL MAKE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. | |
| FORM 990, PART VII, SECTION A, COLUMN F: | THE ORGANIZATION, IN A FULL TRANSPARENCY POSTURE TO REPORTING, IS REPORTING ALL BENEFITS IN FULL IN COLUMN F, PART VII AND NOT APPLYING THE $10,000 PER ITEM EXCEPTION FOR CERTAIN BENEFITS. | |
| FORM 990, PART XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -1,022,023. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -247,385. CHANGE IN CSV OF LIFE INSURANCE 1,343. TOTAL TO FORM 990, PART XI, LINE 5: -1,268,065. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| FORM 990, SCHEDULE E, LN 3: | ORGANIZATION PUBLISHED THE FOLLOWING STATEMENT IN ITS ADMISSION MATERIALS, APPLICATION, AND NEWS ADVERTISEMENT: "ADMISSION GRANTED TO QUALIFIED APPLICANTS WITHOUT REGARD TO RACE, SEX, AGE, CREED, HANDICAP, OR NATIONAL OR ETHNIC ORIGIN." |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SOUTHERN BENEDICTINE SOCIETY OF NORTH CAROLINA | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 BELMONT-MOUNT HOLLY ROAD | AddressLine1 |
| City | BELMONT | City |
| State | NC | State |
| ZIP Code | 28012 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 560530237 | EIN |
| Primary Activities | RELIGIOUS COMMUNITY | PrimaryActivities |
| Legal Domicile State | NC | LegalDomicileState |
| Exempt Code Section | 501(C)(3) | ExemptCodeSection |
| Public Charity Status | LINE 1 | PublicCharityStatus |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| Controlled Org | 0 | ControlledOrg |
| 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 | 1 | LoansOrGuaranteesFromOtherOrg |
| 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 | 1 | 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 | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 1 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 1 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (4 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| SOUTHERN BENEDICTINE SOCIETY | ||
| J | 1630565 | FAIR MARKET VALUE |
| SOUTHERN BENEDICTINE SOCIETY | ||
| O | 115870 | FAIR MARKET VALUE |
| SOUTHERN BENEDICTINE SOCIETY | ||
| A | 74311 | FAIR MARKET VALUE |
| SOUTHERN BENEDICTINE SOCIETY | ||
| E | 1438000 | OUTSTANDING BALANCE |