LEMOYNE OWEN COLLEGE: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- LEMOYNE OWEN COLLEGE (EIN 62-0475690)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-01-28
- IRS object ID
- 201330289349300128
- Schema version
- 2011v1.2
- 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 I
- Schedule J
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-01-28T12:51:57-00:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Wesley Peachtree Group CPAs | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1100 West Peachtree Street | AddressLine1 |
| City | Atlanta | City |
| State | GA | State |
| ZIP Code | 30309 | 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 | 620475690 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LeMoyne-Owen College | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | LEMO | NameControl |
| Phone | 9014351000 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 807 Walker Avenue | AddressLine1 |
| City | Memphis | City |
| State | TN | State |
| ZIP Code | 38126 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Jim Dugger | Name |
| Title | Vice President and Chief Financial | Title |
| Date Signed | 2012-11-19 | DateSigned |
| Authorize Third Party | false | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Keith X Terrell | Name |
| Phone | 4048740555 | Phone |
| Date Prepared | 2012-11-19 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Jim Dugger | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 807 Walker Ave | AddressLine1 |
| City | Memphis | City |
| State | TN | State |
| ZIP Code | 38126 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 20392847 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | http://www.loc.edu | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1934 | YearFormation |
| State Legal Domicile | TN | StateLegalDomicile |
| Activity Or Mission Description | Provide a transformative experience educating students for urban-focused leadership, scholarship, service, and professional careers. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 22 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 21 | NbrIndependentVotingMembers |
| Total Nbr Employees | 276 | TotalNbrEmployees |
| Total Nbr Volunteers | 28 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Contributions Grants Prior Year | 4488551 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 6100790 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 12615299 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 13137566 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 12217 | InvestmentIncomePriorYear |
| Investment Income Current Year | 41722 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 858275 | OtherRevenuePriorYear |
| Other Revenue Current Year | 1112769 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 17974342 | TotalRevenuePriorYear |
| Total Revenue Current Year | 20392847 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 1109725 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 1358349 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 545912 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 660080 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 993283 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 14980651 | OtherExpensePriorYear |
| Other Expenses Current Year | 16084046 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 16636288 | TotalExpensesPriorYear |
| Total Expenses Current Year | 18102475 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 1338054 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 2290372 | RevenuesLessExpensesCY |
| Total Assets BOY | 29442110 | TotalAssetsBOY |
| Total Assets EOY | 31168161 | TotalAssetsEOY |
| Total Liabilities BOY | 9646313 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 9194226 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 19795797 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 21973935 | NetAssetsOrFundBalancesEOY |
| Mission Description | The College is a liberal arts institution committed to fostering academic excellence and to provide high educational opportunities for a diverse population with disparate levels of academic preparations. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 11129204 | Expense |
| Grants | 1358349 | Grants |
| Revenue | 11006210 | Revenue |
| Description | The College is a liberal arts institution committed to fostering academic excellence and to providing high quality educational opportunities for a diverse population with disparate levels of academic preparations. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 1580407 | Expense |
| Revenue | 2131356 | Revenue |
| Description | Auxiliary enterprises support the colleges mission of providing quality educational opportunities. These services include but are not limited to food service, campus housing, campus post office, vending, campus store and athletics. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 12709611 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | true | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | true | GrantsToIndividuals |
| Schedule J Required | false | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | true | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | false | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 2247 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 276 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Form8886 T Filed | false | Form8886TFiled |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Excess Business Holdings | false | ExcessBusinessHoldings |
| Taxable Distributions | false | TaxableDistributions |
| Distribution To Donor | false | DistributionToDonor |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 22 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 21 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | TN | StatesWhereCopyOfReturnIsFiled |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Jim Dugger | NamePerson |
| Telephone Number | 9014351680 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 807 Walker Avenue | AddressLine1 |
| City | Memphis | City |
| State | TN | State |
| ZIP Code | 38126 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (29 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| Mr Robert Lipscomb | ||||||
| Chairman | 001.00 | X | X | 0 | 0 | 0 |
| Dr Thomas E Dipko | ||||||
| First Vice Chairman | 001.00 | X | X | 0 | 0 | 0 |
| Mr Robert Simpson | ||||||
| Second Vice Chairman | 001.00 | X | X | 0 | 0 | 0 |
| Rev John L Armstrong | ||||||
| Secretary | 001.00 | X | X | 0 | 0 | 0 |
| Mr Marvin C Banyon | ||||||
| Board Member | 001.00 | X | 0 | 0 | 0 | |
| Mr Otha Brandon | ||||||
| Board Member | 001.00 | X | 0 | 0 | 0 | |
| Mr James E Castillo Jr | ||||||
| Board Member | 001.00 | X | 0 | 0 | 0 | |
| Mr Howard Eddings Jr | ||||||
| Board Member | 001.00 | X | 0 | 0 | 0 | |
| Dr Thomas Leonard Gibson | ||||||
| Board Member | 001.00 | X | 0 | 0 | 0 | |
| Ms Emily Greer | ||||||
| Board Member | 001.00 | X | 0 | 0 | 0 | |
| Mr Mark D Hendricks | ||||||
| Board Member | 001.00 | X | 0 | 0 | 0 | |
| Mrs Fredricka Allen Hodges | ||||||
| Board Member | 001.00 | X | 0 | 0 | 0 | |
| Mr Mickell Lowery | ||||||
| Board Member | 001.00 | X | 0 | 0 | 0 | |
| Rev Marvin Mercer | ||||||
| Board Member | 001.00 | X | 0 | 0 | 0 | |
| Mr John W Moore | ||||||
| Board Member | 001.00 | X | 0 | 0 | 0 | |
| Mr Allen W Pierce Sr | ||||||
| Board Member | 001.00 | X | 0 | 0 | 0 | |
| Dr Bennie P Reams | ||||||
| Board Member | 001.00 | X | 0 | 0 | 0 | |
| Dr Kenneth S Robinson | ||||||
| Board Member | 001.00 | X | 0 | 0 | 0 | |
| Mr Charlie E Thomas III | ||||||
| Board Member | 001.00 | X | 0 | 0 | 0 | |
| Mr Luke Yancy III | ||||||
| Board Member | 001.00 | X | 0 | 0 | 0 | |
| Mr Johnnie B Watson | ||||||
| President | 040.00 | X | X | 150000 | 0 | 0 |
| Dr Barbara S Frankle | ||||||
| Vice President, Chief Academic Officer | 040.00 | X | 100116 | 0 | 0 | |
| Mr Jim Dugger | ||||||
| Vice President, Chief Financial Officer | 040.00 | X | 100116 | 0 | 0 | |
| Ms Edythe D Cobb | ||||||
| Dean of Students | 040.00 | X | 63686 | 0 | 0 | |
| Mr Jessie Chatman | ||||||
| Director of Administrative Services | 040.00 | X | 59916 | 0 | 0 | |
| Mr Roger R Brown | ||||||
| Director, Institutional Advancement | 040.00 | X | 61800 | 0 | 0 | |
| Ms Shirley Hill | ||||||
| Director, Title III | 040.00 | X | 18420 | 0 | 0 | |
| Dr Cheryl Golden | ||||||
| Chair, Division of Social Behavior Science | 040.00 | X | 59550 | 0 | 0 | |
| Mr Clayborne Foster | ||||||
| Faculty | 040.00 | X | 46476 | 0 | 0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 660080 | TotalReportableCompFromOrg |
| Number Individuals GT100 K | 3 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | false | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| ABL Management Inc | |||||
| Dept 952644 | Atlanta | GA | 31192 | Food Service Vendor | 513576 |
| Air-One Services | |||||
| 5055 Pleasant View | Memphis | TN | 38134 | Heating Air Conditioning Service | 123179 |
| CDA Incorporation | |||||
| 203 Beale Street Suite 305 | Memphis | TN | 38103 | Security Services | 418938 |
| Honeywell Inc | |||||
| P O Box 92091 | Chicago | IL | 60675 | Building Maintenance | 152716 |
| ISS Facility Service - Memphis | |||||
| P O Box 2456 | San Antonio | TX | 78298 | Housing-Keeping Services | 266200 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 9 | NumberOfContractorsGT100K |
| All Other Contributions | 6100790 | AllOtherContributions |
| Noncash Contributions | 1375540 | NoncashContributions |
| Total Contributions | 6100790 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| Tuition fees | 611600 | 11006210 | 11006210 |
| Sales and services of auxiliary enterprises | 611710 | 2131356 | 2131356 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 13137566 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 41722 | TotalRevenueColumn |
| Related Or Exempt Function Income | 41722 | RelatedOrExemptFunctionIncome |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| Income from endowment | 900099 | 603822 | 603822 |
| Other income | 900099 | 508947 | 508947 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 1112769 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 20392847 | TotalRevenueColumn |
| Related Or Exempt Function Income | 14292057 | RelatedOrExemptFunctionIncome |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1358349 | Total |
| Program Services | 1358349 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 660080 | Total |
| Management And General | 660080 | ManagementAndGeneral |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees For Services Prof Fundraising | FeesForServicesProfFundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| Instruction | 4583664 | 4583664 | |
| Public Service / Student Services | 3185326 | 3185326 | |
| Academic Support | 1352508 | 325099 | 1027409 |
| Auxiliary Enterprises | 1580407 | 1580407 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5382141 | Total |
| Program Services | 1676766 | ProgramServices |
| Management And General | 2712092 | ManagementAndGeneral |
| Fundraising | 993283 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18102475 | Total |
| Program Services | 12709611 | ProgramServices |
| Management And General | 4399581 | ManagementAndGeneral |
| Fundraising | 993283 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3545395 | BOY |
| EOY | 3067641 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1225450 | BOY |
| EOY | 954696 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1321017 | BOY |
| EOY | 1736706 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 714825 | BOY |
| EOY | 674153 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 178971 | BOY |
| EOY | 148240 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 65916 | BOY |
| EOY | 76554 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 28641433 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 17735518 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9088077 | BOY |
| EOY | 10905915 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13302459 | BOY |
| EOY | 13604256 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 29442110 | BOY |
| EOY | 31168161 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1416561 | BOY |
| EOY | 1320258 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 945000 | BOY |
| EOY | 828000 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7133568 | BOY |
| EOY | 6958420 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 151184 | BOY |
| EOY | 87548 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9646313 | BOY |
| EOY | 9194226 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7941269 | BOY |
| EOY | 9930857 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1668081 | BOY |
| EOY | 1721432 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10186447 | BOY |
| EOY | 10321646 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19795797 | BOY |
| EOY | 21973935 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 29442110 | BOY |
| EOY | 31168161 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 2290372 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -112234 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | true | FederalGrantAuditRequired |
| Federal Grant Audit Performed | true | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
| Public Support Pertcentage170 | 0.00000 | PublicSupportPertcentage170 |
| Public Support Percentage509 | 0.00000 | PublicSupportPercentage509 |
| Investment Income Percentage | 0.00000 | InvestmentIncomePercentage |
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) |
|---|---|---|
| Included On FS | false | IncludedOnFS |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 10186447 | BeginningOfYearBalance |
| Contributions | 135199 | Contributions |
| End Of Year Balance | 10321646 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 10970878 | BeginningOfYearBalance |
| Investment Earnings Or Losses | 1339496 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 1339496 | GrantsOrScholarships |
| Other Expenditures | 784431 | OtherExpenditures |
| End Of Year Balance | 10186447 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 10970878 | BeginningOfYearBalance |
| Investment Earnings Or Losses | 818624 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 818624 | GrantsOrScholarships |
| End Of Year Balance | 10970878 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 10908343 | BeginningOfYearBalance |
| Contributions | 62535 | Contributions |
| End Of Year Balance | 10970878 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Permanent Endowment EOY Balance | 1.00000 | PermanentEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | true | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1227219 | OtherCostOrOtherBasis |
| Book Value | 1227219 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 14268266 | OtherCostOrOtherBasis |
| Depreciation | 9230799 | Depreciation |
| Book Value | 5037467 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 13145948 | OtherCostOrOtherBasis |
| Depreciation | 8504719 | Depreciation |
| Book Value | 4641229 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 10905915 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Capital lease obligations | Description |
| Amount | $87,548 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 87548 | TotalOfAmounts |
| Total Revenue | 20392847 | TotalRevenue |
| Total Expenses | 18102475 | TotalExpenses |
| Excess Or Deficit For Year | 2290372 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -112234 | NetUnrealizedGLOnInvestments |
| Total Adjustments | -112234 | TotalAdjustments |
| Excess Or Deficit Per FS | 2178138 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 20280613 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -112234 | NetUnrealizedGainsInvestments |
| Revenue Not Rptd F990 | -112234 | RevenueNotRptdF990 |
| Revenue Subtotal | 20392847 | RevenueSubtotal |
| Total Revenue Per Form990 | 20392847 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 18102475 | TotExpensesEtcAuditedFinclStmt |
| Expenses Subtotal | 18102475 | ExpensesSubtotal |
| Total Expenses Per Form990 | 18102475 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| V | 4 | The endowment funds shown are considered permanently restricted. The College does not intend to use the funds. |
| X | 2 | Accounting principles generally accepted in the United States of America require the Colleges management to evaluate tax positions taken by the College and to recognize a tax liability or asset if the College has taken an uncertain tax position that will more-likely-than-not be sustained upon examination by taxing authorities. Management has analyzed the tax positions taken by the College for the years ended June 30, 2012 and 2011 and believe that there are no such positions as of |
| X | 2 | June 30, 2012. Accordingly, no liability has been accrued. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | true | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | true | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | true | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | true | MaintRacialCompositionRecords |
| Maint Scholarships Records | true | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | true | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | true | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | false | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | false | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | false | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | false | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | false | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | false | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActy |
| Government Financial Aid Received | true | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | false | GovernmentFinancialAidRevoked |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Part I | 6a | The College offers scholarships and student financial aid to assist with meeting the students financial obligations. The Financial Aid Office has the necessary policies to ensure that the College adheres to and complies with federal regulations regarding eligibility for student financial aid. Requirements for receiving scholarships depends on other factors such as grade point average, family income, or athletic talents. |
| Part I | 6b | The College has adequate staff in its programs with eligibility guidelines to ensure compliance. The College also undergoes the required OMB Circular A-133 audit. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | Privately Funded Student Schoalrships | TypeOfGrant |
| Amount Of Cash Grant | 1358349 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | III | Identifier |
| Return Reference | 1 | ReturnReference |
| Explanation | All scholarships are awarded based upon specific criteria maintined by the financial aid office. Requirements for receiving scholarships depends on other factors such as grade point average, family income or economic need. The Collges financial aid staff monitors guidelines to ensure compliance. The College also undergoes the required OMB Circular A-133 audit annually. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Written Employment Contract | X | WrittenEmploymentContract |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Schedule M IRS990ScheduleM
Other Non Cash Contributions Table OtherNonCashContributionsTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Description | Computer Software/ Licenses | Description |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 1375540 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | true | ReviewProcessUnusualNCGifts |
| Third Parties Used | false | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Form 990 Part VI | 12c | Trustees are required to disclose at the next convening Board of Trustees meeting any conflict of interest. Board members with a conflict of interest with a matter for vote must abstain from voting. The Colleges audit committee is responsible for ensuring adherence to the policy. |
| Form 990 Part VI | 15a | The Board of Trustees, based on predetermined areas of performance evaluates the work of the President annually.. The Boards Evaluation and Compensation Committee evalutes the performance. When additional compensation is deemed appropriate, a review of salaries at peer institutions is conducted to assist in arriving at a recommendation to the Executive Committee for approval. |
| Form 990 Part VI | 15b | Compensation for top officers of the College is at the discretion of the President. This discretion is based on 1 previous salary history and 2 market data from the CUPA Survey published in the Chroncile of Higher Education. |
| Form 990 Part VI | 11 | The College presents the Form 990 to its finance/ audit committee for review when the form is ready. Depending on when the committee meets and the due date of the return, the Form 990 is either modified before it is filed or an amendment is filed for any changes required by the finance/ audit committee review. |
| Form 990 Part VI | 19 | The College makes it governing documents, conflict of interest policy, and financial statements available to the public upon request. To obtain copies contact the business office and submit a request identifying the specific documents. |
| Form 990 Part VI Section B Line 12c Trustees are required to disclose at the next convening Board of Trustees meeting any conflict of interest. Board members with a conflict of interest with a matter for vote must abstain from voting. The Colleges audit committee is responsible for ensuring adherence to the policy. Form 990 Part VI Section B Line 15a The Board of Trustees, based on predetermined areas of performance evaluates the work of the President annually.. The Boards Evaluation and Compensation Committee evalutes the performance. When additional compensation is deemed appropriate, a review of salaries at peer institutions is conducted to assist in arriving at a recommendation to the Executive Committee for approval. Form 990 Part VI Section B Line 15b Compensation for top officers of the College is at the discretion of the President. This discretion is based on 1 previous salary history and 2 market data from the CUPA Survey published in the Chroncile of Higher Education. Form 990 Part VI Section B Line 11 The College presents the Form 990 to its finance/ audit committee for review when the form is ready. Depending on when the committee meets and the due date of the return, the Form 990 is either modified before it is filed or an amendment is filed for any changes required by the finance/ audit committee review. Form 990 Part VI Line 19 The College makes it governing documents, conflict of interest policy, and financial statements available to the public upon request. To obtain copies contact the business office and submit a request identifying the specific documents. |