CONVERSE UNIVERSITY: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- CONVERSE UNIVERSITY (EIN 57-0314380)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-05-01
- IRS object ID
- 201311219349300346
- 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 K
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-05-01T14:15:46-05:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 560574444 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHERRY BEKAERT LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 349 EAST MAIN STREET SUITE 101 | AddressLine1 |
| City | SPARTANBURG | City |
| State | SC | State |
| ZIP Code | 29302 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 570314380 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CONVERSE COLLEGE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | CONV | NameControl |
| Phone | 8645969000 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 580 EAST MAIN STREET | AddressLine1 |
| City | SPARTANBURG | City |
| State | SC | State |
| ZIP Code | 29302 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | SUSAN MADDUX | Name |
| Title | VP FINANCE AND ADMINISTRATION | Title |
| Phone | 8645969000 | Phone |
| Date Signed | 2013-04-13 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DENISE W SMITH | Name |
| PTIN | P00031902 | PTIN |
| Phone | 8645827842 | 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 | SUSAN MADDUX | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 580 EAST MAIN STREET | AddressLine1 |
| City | SPARTANBURG | City |
| State | SC | State |
| ZIP Code | 29302 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 85164172 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.CONVERSE.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1889 | YearFormation |
| State Legal Domicile | SC | StateLegalDomicile |
| Activity Or Mission Description | CONVERSE COLLEGE IS A LIBERAL ARTS COLLEGE FOR WOMEN WHICH OFFERS UNDERGRADUATE AND CO-ED GRADUATE DEGREES. CONVERSE IS COMMITTED TO DEVELOPING ADAPTABLE INDIVIDUALS FOR THE 21ST CENTURY WHO ARE EQUIPPED WITH THE CHARACTER, KNOWLEDGE, SKILLS AND PERSPECTIVE TO TRANSFORM THE WORLD AROUND THEM. THE COLLEGE HAS APPROXIMATELY 1200 STUDENTS ENROLLED. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 30 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 30 | NbrIndependentVotingMembers |
| Total Nbr Employees | 822 | TotalNbrEmployees |
| Total Nbr Volunteers | 30 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 10982783 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 11213461 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 23495340 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 23994089 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 3472161 | InvestmentIncomePriorYear |
| Investment Income Current Year | 3301991 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 742879 | OtherRevenuePriorYear |
| Other Revenue Current Year | 728049 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 38693163 | TotalRevenuePriorYear |
| Total Revenue Current Year | 39237590 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 12114771 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 12386628 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 13742289 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 14324418 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 48170 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 1721411 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 11347633 | OtherExpensePriorYear |
| Other Expenses Current Year | 13409392 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 37252863 | TotalExpensesPriorYear |
| Total Expenses Current Year | 40120438 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 1440300 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -882848 | RevenuesLessExpensesCY |
| Total Assets BOY | 142661530 | TotalAssetsBOY |
| Total Assets EOY | 137571066 | TotalAssetsEOY |
| Total Liabilities BOY | 29531586 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 30320509 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 113129944 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 107250557 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | THE PRIMARY MISSION OF CONVERSE COLLEGE IS THE LIBERAL ARTS EDUCATION OF UNDERGRADUATE WOMEN IN A RESIDENTIAL SETTING. STUDENTS PURSUE RICHLY DIVERSE PROGRAMS IN LIBERAL ARTS AND CAREER PREPARATIONS. CONVERSE BELIEVES THAT THE FOUNDER'S IDEAL IS TO CALL TO ARMS TO DEVELOP ENGAGED LEADERS WHO THINK CRITICALLY AND CREATIVELY AND AFFECT POSITIVE CHANGE IN THE WORLD. TODAY, INNOVATIVE PROGRAMS FOR GRADUATE AND ADVANCED STUDY COMPLEMENT THE UNDERGRADUATE PROGRAM. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 29521260 | Expense |
| Grants | 12386628 | Grants |
| Revenue | 20465901 | Revenue |
| Description | FOUNDED IN 1889, CONVERSE COLLEGE DEVELOPS ADAPTABLE LEADERS WHO ARE EQUIPPED WITH THE CREATIVITY, CHARACTER, KNOWLEDGE AND PERSPECTIVE TO TRANSFORM THE WORLD AROUND THEM. CONSISTENTLY TOP-RANKED BY "U.S. NEWS AND WORLD REPORT", CONVERSE IS A WOMEN'S COLLEGE THAT OFFERS CO-EDUCATIONAL GRADUATE PROGRAMS. CONVERSE STUDENTS DEVELOP THEIR UNIQUE VOICES THROUGH A CHALLENGING LIBERAL ARTS CURRICULUM, THE DANIELS CENTER FOR LEADERSHIP AND SERVICE, A CENTURY-OLD HONOR TRADITION, AND A CLOSE-KNIT RESIDENTIAL COMMUNITY. THE COLLEGE HAS APPROXIMATELY 1200 STUDENTS ENROLLED. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 4553519 | Expense |
| Revenue | 3905852 | Revenue |
| Description | CONVERSE COLLEGE IS A RESIDENTIAL COLLEGE, MEANING ON-CAMPUS LIVING IS A VALUABLE EXPERIENCE WHERE IN AND OUT OF CLASS LEARNING MERGE. FROM HISTORIC CHARM TO MODERN EASE, CONVERSE'S RESIDENCE HALLS OFFER DIVERSE OPTIONS TO SUIT THE NEEDS AND PREFERENCES OF TODAY'S STUDENTS. LIVING IN A RESIDENCE HALL COMMUNITY OFFERS STUDENTS OPPORTUNITIES TO LEARN ABOUT THEMSELVES AND OTHERS. EACH RESIDENCE HALL HAS STUDENT DEVELOPMENT STAFF, PROGRAMMING AND FACILITIES AVAILABLE TO HELP EACH STUDENT. CONVERSE'S RESIDENTIAL COMMUNITIES ARE MORE THAN JUST PLACES TO HANG OUT WHEN STUDENTS AREN'T IN CLASS. THEY ARE WHERE STUDENTS FEEL THE MOST AT HOME AND DEVELOP RELATIONSHIPS WITH PEERS IN A COMMUNITY. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 34074779 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 1 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | 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 | 1 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | 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 | 99 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 822 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 1 | ForeignFinancialAccount |
| Name Of Foreign Country | BD | NameOfForeignCountry |
| Name Of Foreign Country | CJ | NameOfForeignCountry |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| 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 | 30 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 30 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 0 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DAWN DURHAM CONTROLLER | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 8645969028 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 580 EAST MAIN STREET | AddressLine1 |
| City | SPARTANBURG | City |
| State | SC | State |
| ZIP Code | 29302 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (41 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 |
|---|---|---|---|---|---|---|---|
| ELLEN ASHERMAN | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| THE HONORABLE BILL BARNET III | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| MARY RAINEY BELSER | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| SUZAN BOYD PHD | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| BILLY CAMPBELL | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| CHRIS L CANNON | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| MARION CATO | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| DEXTER CLEVELAND | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| ANNA H CONVERSE | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| TAMMY DEVINE | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| CALEB FORT | |||||||
| TREASURER | 1.00 | X | 0 | 0 | 0 | X | |
| MARSHA GIBBS | |||||||
| SECRETARY | 1.00 | X | 0 | 0 | 0 | X | |
| BETSY GRIFFITH | |||||||
| CHAIR | 1.00 | X | 0 | 0 | 0 | X | |
| THOMAS E HANNAH | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| ANN JACKSON | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| THE HONORABLE DEADRA JEFFERSON | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| DAVID JOHNSON | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| ROSE M JOHNSTON | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| JUDITH LANIER | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| JOE LESESNE | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| BEATRICE MAYBANK | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| FAIN MCDANIEL | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| JOHN MONTGOMERY | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| HARRIET O'NEILL | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| MIKE RUSS | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| JANE SCHWAB | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| BEN WALL | |||||||
| VICE CHAIR | 1.00 | X | 0 | 0 | 0 | X | |
| SUSAN WEAN | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| BILLY WEBSTER | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| DR KAY WOODWARD | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| JEFFREY H BARKER | |||||||
| VP-ACADEMIC AFFAIRS | 40.00 | 125175 | 0 | 8762 | X | ||
| DR ELIZABETH FLEMING | |||||||
| PRESIDENT | 40.00 | 264686 | 0 | 43728 | X | ||
| SUSAN STEVENSON | |||||||
| VP-FINANCE & ADMINISTRATION | 40.00 | 129790 | 0 | 9085 | X | ||
| ROBERT STEWART | |||||||
| VP-INSTITUTIONAL ADVANCEMENT | 40.00 | 48764 | 0 | 9413 | X | ||
| THOMAS MCDANIEL | |||||||
| SENIOR VICE PRESIDENT | 40.00 | 114146 | 0 | 7990 | X | ||
| MOLLY DUESTERHAUS | |||||||
| VP-STUDENT AFFAIRS | 40.00 | 83000 | 0 | 5810 | X | ||
| SALLY HAMMOND | |||||||
| VP-ENROLLMENT AND MARKETIN | 40.00 | 86459 | 0 | 6052 | X | ||
| JOE DUNN | |||||||
| PROFESSOR AND SUMMER PROG | 40.00 | 110508 | 0 | 7736 | X | ||
| CATHERINE INABIT | |||||||
| ASSOCIATE VP OF DEVELOPMENT | 40.00 | 110377 | 0 | 13726 | X | ||
| RICHARD HIGGS | |||||||
| DEAN OF PETRIE SCHOOL OF MUSIC | 40.00 | 103575 | 0 | 7250 | X | ||
| DAN O'NEAL | |||||||
| SENIOR DEVELOPMENT OFFICE | 40.00 | 100627 | 0 | 7044 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1277107 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 126596 | TotalOtherCompensation |
| Number Individuals GT100 K | 8 | 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 |
|---|---|---|---|---|---|
| SODEXO FACILITIES SERVICES | |||||
| PO BOX 536922 | ATLANTA | GA | 303536922 | FACILITIES | 1505644 |
| SODEXO DINING SERVICES | |||||
| PO BOX 536922 | ATLANTA | GA | 303536922 | DINING SERVICES | 1286364 |
| MCMILLAN PAZDAN SMITH | |||||
| PO BOX 100199 | COLUMBIA | SC | 29202 | ARCHITECTS | 276536 |
| JB RUSSELL & SON CONSTRUCTION | |||||
| PO BOX 4098 | SPARTANBURG | SC | 29305 | CONSTRUCTION COMPANY | 215920 |
| JENZABAR | |||||
| PO BOX 845939 | BOSTON | MA | 002845939 | COMP SOFTWARE AND TRAINING | 213938 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 5 | NumberOfContractorsGT100K |
| Government Grants | 3939466 | GovernmentGrants |
| All Other Contributions | 7273995 | AllOtherContributions |
| Noncash Contributions | 1300903 | NoncashContributions |
| Total Contributions | 11213461 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION AND FEES | 611710 | 20088237 | 20088237 |
| ROOM AND BOARD | 532000 | 3905852 | 3905852 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 23994089 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1314159 | TotalRevenueColumn |
| Exclusion | $1,314,159 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 125691 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 140491 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -14800 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -14800 | TotalRevenueColumn |
| Exclusion | -$14,800 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 47773923 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 45786091 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1987832 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1987832 | TotalRevenueColumn |
| Exclusion | $1,987,832 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | ExclusionExclusionAmount |
|---|---|---|---|---|
| SUMMER WORKSHOPS | 532000 | 256213 | 256213 | |
| ALUMNAE/CAMPUS LIFE PR | 900099 | 121451 | 121451 | |
| MISCELLANEOUS INCOME | 900099 | 109976 | $109,976 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 255209 | TotalRevenueColumn |
| Exclusion | $255,209 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 742849 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 39237590 | TotalRevenueColumn |
| Related Or Exempt Function Income | 24371753 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $3,652,376 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12386628 | Total |
| Program Services | 12386628 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1037958 | Total |
| Program Services | 423846 | ProgramServices |
| Management And General | 337225 | ManagementAndGeneral |
| Fundraising | 276887 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10606804 | Total |
| Program Services | 8504668 | ProgramServices |
| Management And General | 1581785 | ManagementAndGeneral |
| Fundraising | 520351 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 560120 | Total |
| Program Services | 448096 | ProgramServices |
| Management And General | 84018 | ManagementAndGeneral |
| Fundraising | 28006 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1285855 | Total |
| Program Services | 1028684 | ProgramServices |
| Management And General | 192878 | ManagementAndGeneral |
| Fundraising | 64293 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 833681 | Total |
| Program Services | 666945 | ProgramServices |
| Management And General | 125052 | ManagementAndGeneral |
| Fundraising | 41684 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 24761 | Total |
| Management And General | 24761 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 55770 | Total |
| Management And General | 55770 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1903782 | Total |
| Program Services | 1427837 | ProgramServices |
| Management And General | 285567 | ManagementAndGeneral |
| Fundraising | 190378 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 248839 | Total |
| Program Services | 174187 | ProgramServices |
| Management And General | 37326 | ManagementAndGeneral |
| Fundraising | 37326 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 467848 | Total |
| Program Services | 374279 | ProgramServices |
| Management And General | 70177 | ManagementAndGeneral |
| Fundraising | 23392 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1060246 | Total |
| Program Services | 901209 | ProgramServices |
| Management And General | 106025 | ManagementAndGeneral |
| Fundraising | 53012 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 131630 | Total |
| Program Services | 111886 | ProgramServices |
| Management And General | 13163 | ManagementAndGeneral |
| Fundraising | 6581 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1894706 | Total |
| Program Services | 1610500 | ProgramServices |
| Management And General | 189471 | ManagementAndGeneral |
| Fundraising | 94735 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2486488 | Total |
| Program Services | 2113514 | ProgramServices |
| Management And General | 248649 | ManagementAndGeneral |
| Fundraising | 124325 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 303180 | Total |
| Management And General | 303180 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| FOOD SERVICE | 1190786 | 1012168 | 119079 | 59539 |
| UPGRADES & RENOVATIONS | 356907 | 303371 | 35691 | 17845 |
| REPAIRS AND MAINTENANCE | 327509 | 278383 | 32751 | 16375 |
| MUSIC EVENTS EXPENSE | 281086 | 238923 | 28109 | 14054 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2675854 | Total |
| Program Services | 2069655 | ProgramServices |
| Management And General | 453571 | ManagementAndGeneral |
| Fundraising | 152628 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 40120438 | Total |
| Program Services | 34074779 | ProgramServices |
| Management And General | 4324248 | ManagementAndGeneral |
| Fundraising | 1721411 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1989855 | BOY |
| EOY | 1801732 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9168589 | BOY |
| EOY | 9403691 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 103939 | BOY |
| EOY | 125647 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1376859 | BOY |
| EOY | 1308736 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 723950 | BOY |
| EOY | 647348 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 85988256 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 38121560 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 49273803 | BOY |
| EOY | 47866696 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 71035034 | BOY |
| EOY | 67334083 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8989501 | BOY |
| EOY | 9083133 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 142661530 | BOY |
| EOY | 137571066 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3088354 | BOY |
| EOY | 4069753 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 579731 | BOY |
| EOY | 556402 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22120000 | BOY |
| EOY | 21977000 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1642743 | BOY |
| EOY | 1691427 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2100758 | BOY |
| EOY | 2025927 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 29531586 | BOY |
| EOY | 30320509 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21098602 | BOY |
| EOY | 14691025 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15095233 | BOY |
| EOY | 15663213 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 76936109 | BOY |
| EOY | 76896319 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 113129944 | BOY |
| EOY | 107250557 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 142661530 | BOY |
| EOY | 137571066 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -882848 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -4996539 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Preservation | X | CollectUsedForPreservation |
| Collect Used For Loan Or Exch Prgrms | X | CollectUsedForLoanOrExchPrgrms |
| Solicited Assets For Sale | 0 | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 76936109 | BeginningOfYearBalance |
| Contributions | 205880 | Contributions |
| Investment Earnings Or Losses | -245670 | InvestmentEarningsOrLosses |
| End Of Year Balance | 76896319 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 74163127 | BeginningOfYearBalance |
| Contributions | 2104306 | Contributions |
| Investment Earnings Or Losses | 668676 | InvestmentEarningsOrLosses |
| End Of Year Balance | 76936109 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 72882586 | BeginningOfYearBalance |
| Contributions | 930039 | Contributions |
| Investment Earnings Or Losses | 350502 | InvestmentEarningsOrLosses |
| End Of Year Balance | 74163127 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 71405312 | BeginningOfYearBalance |
| Contributions | 2575362 | Contributions |
| Investment Earnings Or Losses | -1098088 | InvestmentEarningsOrLosses |
| End Of Year Balance | 72882586 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Permanent Endowment EOY Balance | 1.00000 | PermanentEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1877496 | OtherCostOrOtherBasis |
| Book Value | 1877496 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 66375781 | OtherCostOrOtherBasis |
| Depreciation | 26942526 | Depreciation |
| Book Value | 39433255 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 16835019 | OtherCostOrOtherBasis |
| Depreciation | 11179034 | Depreciation |
| Book Value | 5655985 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 899960 | OtherCostOrOtherBasis |
| Book Value | 899960 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 47866696 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (5 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| ALTERNATIVE INVESTMENTS | 20049564 | F |
| CORPORATE STOCKS | 38346674 | F |
| MONEY MARKET FUNDS | 6173088 | F |
| CORPORATE BONDS | 2205314 | F |
| REAL ESTATE | 559443 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 67334083 | TotalOfBookValueSecurities |
Other Assets OtherAssets (3 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| CONTRIBUTIONS RECEIVABLE FROM CRT'S | 5131672 |
| PERPETUAL TRUST HELD BY THIRD PARTY | 3865739 |
| MISCELLANEOUS RECEIVABLES | 85722 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 9083133 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (4 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| POST-RETIREMENT BENEFITS | $138,644 |
| OBLIGATIONS FROM SPLIT INTEREST AGREEMENTS | $454,322 |
| REVOLVING PERKINS LOAN LIABILITY | $1,206,691 |
| ASSET RETIREMENT OBLIGATION | $226,270 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 2025927 | TotalOfAmounts |
| Total Revenue | 39237590 | TotalRevenue |
| Total Expenses | 40120438 | TotalExpenses |
| Excess Or Deficit For Year | -882848 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -5342895 | NetUnrealizedGLOnInvestments |
| Other | $346,356 | OtherAmount |
| Total Adjustments | -4996539 | TotalAdjustments |
| Excess Or Deficit Per FS | -5879387 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 21994914 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -5342895 | NetUnrealizedGainsInvestments |
| Other Revenues | 486847 | OtherRevenues |
| Revenue Not Rptd F990 | -4856048 | RevenueNotRptdF990 |
| Revenue Subtotal | 26850962 | RevenueSubtotal |
| Other Revenues Not Included | 12386628 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 12386628 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 39237590 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 27874301 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 140491 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 140491 | ExpensesNotRptdF990 |
| Expenses Subtotal | 27733810 | ExpensesSubtotal |
| Other Expenses Not Included | 12386628 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 12386628 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 40120438 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (8 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART III, LINE 4: | ALL ART WORK IS ON PUBLIC EXHIBIT AND CAN BE VIEWED BY STUDENTS, FACULTY, STAFF AND OTHERS IN THE COMMUNITY. | |
| PART V, LINE 4: | THE INTENDED USES OF CONVERSE COLLEGE'S ENDOWMENT FUNDS ARE FOR SCHOLARSHIPS, PROFESSORSHIPS, STUDENT ACADEMIC TRAVEL, STAFF/FACULTY DEVELOPMENT AND EXCELLENCE, THE LIBRARY, BUILDINGS AND EQUIPMENT MAINTENANCE, MINISTRY, AND OTHER ACADEMIC PROGRAMS. | DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: |
| PART X: | THE COLLEGE IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE COLLEGE HAS EVALUATED THE EFFECT OF US GAAP GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT BELIEVES THAT THE COLLEGE CONTINUES TO SATISFY THE REQUIREMENTS OF A TAX-EXEMPT ORGANIZATION. MANAGEMENT ALSO BELIEVES THAT THERE ARE NO OTHER UNCERTAIN TAX POSITIONS AT JUNE 30, 2012 AND 2011. THE COLLEGE'S FEDERAL EXEMPT ORGANIZATION TAX RETURNS FOR 2008, 2009 AND 2010 ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: |
| CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 346,356. | PART XI, LINE 8 - OTHER ADJUSTMENTS: | |
| SPLIT INTEREST AGREEMENT 346,356. RENTAL EXPENSE 140,491. | PART XII, LINE 2D - OTHER ADJUSTMENTS: | |
| GOVERNMENT GRANTS 3,939,466. STUDENT FINANCIAL AID 8,447,162. | PART XII, LINE 4B - OTHER ADJUSTMENTS: | |
| RENTAL EXPENSE 140,491. | PART XIII, LINE 2D - OTHER ADJUSTMENTS: | |
| GRANTS AND ALLOCATIONS 12,386,628. | PART XIII, LINE 4B - OTHER ADJUSTMENTS: |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION | SCHEDULE E, PART I, LINE 3 | CONVERSE COLLEGE PRINTS A NONDISCRIMINATORY CLAUSE ON ALL MAJOR PUBLICATIONS, INCLUDING BUT NOT LIMITED TO EMPLOYMENT APPLICATIONS, COURSE CATALOGS, ADMISSION APPLICATIONS, AND THE COLLEGE'S WEBSITE, AS REQUIRED BY THE OFFICE OF CIVIL RIGHTS. THE COLLEGE ALSO PUBLISHES THEIR RACIAL NON-DISCRIMINATION POLICY IN THE LOCAL PAPER ANNUALLY. |
| EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE | SCHEDULE E, PART I, LINE 6 | THE COLLEGE RECEIVES FUNDS FROM THE US DEPARTMENT OF EDUCATION AND SOUTH CAROLINA DEPARTMENT OF REVENUE ON BEHALF OF STUDENTS WHO QUALIFY FOR THESE FUNDS. AMOUNTS RECEIVED ARE APPLIED TO THE STUDENT'S ACCOUNT TO COVER TUITION AND FEES. |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable (2 entries)
| RegionRegion | Number Of OfficesNumberOfOffices | Number Of EmployeesNumberOfEmployees | Type Of Activities ConductedTypeOfActivitiesConducted | Total ExpendituresTotalExpenditures |
|---|---|---|---|---|
| CENTRAL AMERICA AND THE CARIBBEAN | 0 | 0 | INVESTMENTS | 12654000 |
| NORTH AMERICA | 0 | 0 | INVESTMENTS | 3071000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 | 15725000 | SubtotalAmountSpent |
| Cont Amount Spent | 0 | ContAmountSpent |
| Total Amount Spent | 15725000 | TotalAmountSpent |
| Transfer To Foreign Corp | 0 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 1 | OwnForeignCorp |
| Passive Foreign Invest Co | 1 | PassiveForeignInvestCo |
| Foreign Partnership | 0 | ForeignPartnership |
| Boycott Countries | 0 | BoycottCountries |
Form990 Schedule F Part V Form990ScheduleFPartV (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| SCHEDULE F, PART IV, QUESTION 3: | ALTHOUGH THE ORGANIZATION HAD OWNERSHIP IN CERTAIN FOREIGN CORPORATIONS (INVESTMENTS) DURING THE YEAR, THE INVESTMENT AMOUNTS WERE NOT HIGH ENOUGH TO RENDER THE FILING OF FORM 5471. |
| SCHEDULE F, PART IV, QUESTION 4: | TEH ORGANIZATION IS AN INVESTOR IN ONE OR MORE "PASSIVE FOREIGN INVESTMENT COMPANIES" ("PFICS"). THE ORGANIZATION DID NOT RECEIVE ANY TAXABLE DISTRIBUTIONS FORM ANY OF THE PFICS DURING THE FISCAL YEAR 2012. FORM 8621 IS NOT BEING FILED PURSUANT TO IRS GUDANCE SET FORTH IN REG. SEC. 1.1291-1(E). |
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 | GRANTS AND SCHOLARSHIPS TO ATTEND CONVERSE COLLEGE | TypeOfGrant |
| Number Of Recipients | 578 | NumberOfRecipients |
| Amount Of Cash Grant | 12386628 | 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: PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS: FINANCIAL AID GUIDELINES ARE UTILIZED TO DETERMINE THE QUALIFICATIONS OF EACH RECIPIENT. THE GUIDELINES ARE PUBLISHED IN CONVERSE COLLEGE'S ACADEMIC CATALOG AND COMPLY WITH ELIGIBILTY REQUIREMENTS PUBLISHED BY THE U.S. DEPARTMENT OF EDUCATION AND THE SOUTH CAROLINA DEPARTMENT OF REVENUE. ANNUAL COMPLIANCE AUDITS ARE COMPLETED BY AN INDEPENDENT ACCOUNTING FIRM. THE GRANTS AND SCHOLARSHIPS ARE APPLIED BY THE FINANCIAL AID DEPARTMENT DIRECTLY AGAINST THE STUDENT'S ACCOUNT. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Personal Services | X | PersonalServices |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | DR ELIZABETH FLEMING | NamePerson |
| Base Compensation Filing Org | 264686 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 0 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 18528 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 25200 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 308414 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | PART I, LINE 1A | ReturnReference |
| Explanation | ALL OF THE PRESIDENT'S COMPENSATION PACKAGE IS WRITTEN IN HER ANNUAL COMPENSATION CONTRACT AND IS REVIEWED BY THE EXECUTIVE COMPENSATION COMMITTEE. THE COLLEGE PROVIDES HOUSING AND WEEKLY HOUSEKEEPING SERVICES TO THE PRESIDENT FOR THE CONVENIENCE OF THE EMPLOYER SO THAT THE PRESIDENT CAN PERFORM ESSENTIAL COLLEGE BUSINESS AND ACTIVITIES AT THE HOME. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SC JOBS ECONOMIC DEVELOPMENT AUTHORITY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 570960018 | IssuerEIN |
| Date Issued | 2011-10-01 | DateIssued |
| Issue Price | 22387000 | IssuePrice |
| Description Of Purpose | CAPITAL IMPROVEMENTS AND REFINANCE | DescriptionOfPurpose |
| Defeased | 0 | Defeased |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Pool Financing | 0 | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amount Retired | 22120000 | AmountRetired |
| Total Proceeds | 22387000 | TotalProceeds |
| Issuance Costs From Proceeds | 267000 | IssuanceCostsFromProceeds |
| Year Of Subst Completion | 2012 | YearOfSubstCompletion |
| Current Refunding | 1 | CurrentRefunding |
| Advance Refunding | 0 | AdvanceRefunding |
| Final Allocation Made | 1 | FinalAllocationMade |
| Adequate Books And Recds Maintaind | 1 | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Owning Bond Financed Property | 0 | OwningBondFinancedProperty |
| Any Lease Arrangements | 0 | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | 0 | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | 0 | AnyResearchAgreements |
| Prcntge Prvt Business Use By Others | 0.00000 | PrcntgePrvtBusinessUseByOthers |
| Percentage Of Prvt Business Re UBI | 0.00000 | PercentageOfPrvtBusinessReUBI |
| Total Private Business Use | 0.00000 | TotalPrivateBusinessUse |
| Post Issuance Compliance Procdrs | 1 | PostIssuanceComplianceProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8038 T Filed | 0 | Form8038TFiled |
| Variable Rate Issue | 1 | VariableRateIssue |
| Hedge Identified In Books And Recds | 1 | HedgeIdentifiedInBooksAndRecds |
Name Of Hedge Provider NameOfHedgeProvider
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WELLS FARGO BANK | BusinessNameLine1 |
| Business Name Line2 | NA | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Term Of Hedge | 10.000000000000 | TermOfHedge |
| Superintegrated Hedge | 0 | SuperintegratedHedge |
| Hedge Terminated | 0 | HedgeTerminated |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | 0 | GrossProceedsInvested |
| Exception To Rebate | 0 | ExceptionToRebate |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 32 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 700903 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | STOCK PRICE | 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 | 600000 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | INDEPENDENT APPRAISAL | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | 990 REVIEW PROCESS: IN ORDER TO PROTECT THE PRIVACY OF ITS DONORS, A PUBLIC DISCLOSURE COPY OF THE 990 IS TO BE PRESENTED TO THE AUDIT COMMITTEE FOR REVIEW AND APPROVAL AND IS PROVIDED TO THE BOARD OF TRUSTEES PRIOR TO FILING. | |
| FORM 990, PART VI, SECTION B, LINE 12C | CONFLICT OF INTEREST QUESTIONNAIRES ARE COMPLETED ANNUALLY BY TRUSTEES AND TRANSACTIONS ARE MONITORED BY MANAGEMENT. A BOARD MEMBER DOES RECUSE HIMSELF/HERSELF IN THE EVENT OF A CONFLICT. | |
| FORM 990, PART VI, SECTION B, LINE 15 | THE EXECUTIVE COMPENSATION COMMITTEE REVIEWS THE PRESIDENT'S CONTRACT AND SETS THE COMPENSATION PACKAGE. COMPENSATION DATA IS GATHERED FROM OTHER UNIVERSITIES, PUBLISHED SURVEYS, AND OTHER FORM 990S. THE PRESIDENT ALSO GETS AN EVALUATION FROM THE COMMITTEE. ALL DECISIONS MADE BY THE EXECUTIVE COMPENSATION COMMITTEE ARE DISCUSSED IN EXECUTIVE SESSION WITH THE BOARD OF TRUSTEES. CHAIRMAN OF THE BOARD OF TRUSTEES GIVES THE VICE PRESIDENT OF FINANCE AND ADMINISTRATION WRITTEN DOCUMENTION OF THE DISCUSSION AND DECISION OF THE COMPENSATION PACKAGE OF THE PRESIDENT. KEY EMPLOYEES' AND OTHER OFFICERS' SALARIES ARE REVIEWED ANNUALLY BY THE PRESIDENT AND THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION SURVEY IS USED TO HELP DETERMINE THEIR COMPENSATION PACKAGES. | |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS, AUDITED FINANCIAL STATEMENTS AND KEY POLICIES ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. | |
| FORM 990, PART XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -5,342,895. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 346,356. TOTAL TO FORM 990, PART XI, LINE 5: -4,996,539. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| PART XII, LINE 2C: THE AUDIT COMMITTEE IS RESPONSIBLE FOR THE ANNUAL AUDIT AND THE SELECTION OF THE AUDITORS. THE PROCESS HAD NOT CHANGED FROM THE PRIOR YEAR. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part IV Form990ScheduleRPartIV
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | STANDARD CHARITABLE REMAINDER UNITRUST (4) | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Activity | TRUST | PrimaryActivity |
| Legal Domicile State | SC | LegalDomicileState |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CONVERSE COLLEGE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Entity | T | TypeOfEntity |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |