BENEDICT COLLEGE: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- BENEDICT COLLEGE (EIN 57-0314365)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-05-14
- IRS object ID
- 201331349349303368
- 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 G
- Schedule I
- Schedule J
- Schedule L
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-05-14T10:33:32-07:00 | 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 Hobbs Group PA | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1704 Laurel Street | AddressLine1 |
| City | Columbia | City |
| State | SC | State |
| ZIP Code | 29201 | 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 | 570314365 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Benedict College | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | BENE | NameControl |
| Phone | 8037054730 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1600 Harden Street | AddressLine1 |
| City | Columbia | City |
| State | SC | State |
| ZIP Code | 29204 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Nathaniel Williams | Name |
| Title | Interim VP | Title |
| Date Signed | 2013-05-13 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Will Stevens CPA | Name |
| Phone | 8037990555 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | David Swinton | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1600 Harden Street | AddressLine1 |
| City | Columbia | City |
| State | SC | State |
| ZIP Code | 29204 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 86158566 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| All Affiliates Included | false | AllAffiliatesIncluded |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.benedict.edu | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1870 | YearFormation |
| State Legal Domicile | SC | StateLegalDomicile |
| Activity Or Mission Description | Benedict College will be a power for good in society. The College is a full opportunity college with high quality programs of teaching, research, and public service. These programs provide the students and community with knowledge, skills, understandings and values required to empower them to create a better world. The College seeks geographic, international and racial diversity in the student body while continuing to facilitate empowerment, enhancement, and full participation of African Americans in a global society. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 33 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 32 | NbrIndependentVotingMembers |
| Total Nbr Employees | 585 | TotalNbrEmployees |
| Total Nbr Volunteers | 693 | TotalNbrVolunteers |
| Total Gross UBI | 15060 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -1231 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 11870620 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 11378352 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 68443794 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 72390797 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 1097550 | InvestmentIncomePriorYear |
| Investment Income Current Year | 1070189 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 1761425 | OtherRevenuePriorYear |
| Other Revenue Current Year | 1277609 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 83173389 | TotalRevenuePriorYear |
| Total Revenue Current Year | 86116947 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 14387299 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 16515495 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 30731774 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 32168640 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 358150 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 30882020 | OtherExpensePriorYear |
| Other Expenses Current Year | 34618957 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 76001093 | TotalExpensesPriorYear |
| Total Expenses Current Year | 83303092 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 7172296 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 2813855 | RevenuesLessExpensesCY |
| Total Assets BOY | 121870752 | TotalAssetsBOY |
| Total Assets EOY | 125154590 | TotalAssetsEOY |
| Total Liabilities BOY | 88802305 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 89497903 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 33068447 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 35656687 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | Benedict College will be a power for good in society. The College is a full opportunity college with high quality programs of teaching, research, and public service. These programs provide the students and community with knowledge, skills, understandings and values required to empower them to create a better world. The College seeks geographic, international and racial diversity in the student body while continuing to facilitate empowerment, enhancement, and full participation of African Americans in a global society. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 11644185 | Expense |
| Revenue | 19433744 | Revenue |
| Description | Auxillary Enterprises - The College's dormitories, dining hall, and campus store are the major auxillary enterprises serving the college community. Eleven residence halls provide quarters for approximately 2,266 students. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 11393046 | Expense |
| Grants | 16515495 | Grants |
| Revenue | 52957053 | Revenue |
| Description | Instruction - Approximately 2,940 students. The College awarded approximately 300 degrees during the 2011-2012 School Year | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 11236897 | Expense |
| Description | Academic Support - The College Library (approximately 121,000 volumes held) | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 36594394 | TotalOfOtherProgramServiceExp |
| Total Program Service Expense | 70868522 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | true | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | false | 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 | true | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | true | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBonds |
| Escrow Account | false | EscrowAccount |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| 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 | false | 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 | 315 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 585 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | true | UnrelatedBusinessIncome |
| Form990-T Filed | true | Form990-TFiled |
| 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 |
| Non Deductible Disclosure | false | NonDeductibleDisclosure |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Quid Pro Quo Disclosure | false | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Number Of8282 Filed | 0 | NumberOf8282Filed |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Form8899 Filed | false | Form8899Filed |
| Form1098 C Filed | false | Form1098CFiled |
| Excess Business Holdings | false | ExcessBusinessHoldings |
| Taxable Distributions | false | TaxableDistributions |
| Distribution To Donor | false | DistributionToDonor |
| Filed Lieu1041 | false | FiledLieu1041 |
| Licensed More Than One State | false | LicensedMoreThanOneState |
| Indoor Tanning Services | false | IndoorTanningServices |
| Form720 Filed | false | Form720Filed |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 33 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 32 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 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 |
| Policies Reference Chapters | false | PoliciesReferenceChapters |
| 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 | false | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| Written Policy Or Procedure | false | WrittenPolicyOrProcedure |
| States Where Copy Of Return Is Filed | SC | StatesWhereCopyOfReturnIsFiled |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Nathaniel Williams | NamePerson |
| Telephone Number | 8037054730 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1600 Harden Street | AddressLine1 |
| City | Columbia | City |
| State | SC | State |
| ZIP Code | 29204 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (45 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee |
|---|---|---|---|---|---|---|---|
| Kimberly Smith-Tann | |||||||
| Member | 1.00 | X | 0 | 0 | 0 | ||
| Dennis Hickson-Breedon | |||||||
| Member | 1.00 | X | 0 | 0 | 0 | ||
| Stephen K Benjamin | |||||||
| Member | 1.00 | X | 0 | 0 | 0 | ||
| R Jonathan Charleston | |||||||
| Member | 1.00 | X | 0 | 0 | 0 | ||
| Charles D Beaman Jr | |||||||
| Member | 1.00 | X | 0 | 0 | 0 | ||
| Dr Benjamin D Snoddy | |||||||
| Member | 1.00 | X | 0 | 0 | 0 | ||
| Dr Leroy T Walker | |||||||
| Member | 1.00 | X | 0 | 0 | 0 | ||
| Rev Dr Aidsand F Wright | |||||||
| Member | 1.00 | X | 0 | 0 | 0 | ||
| Mack I Whittle | |||||||
| Member | 1.00 | X | 0 | 0 | 0 | ||
| William B Whitney | |||||||
| Member | 1.00 | X | 0 | 0 | 0 | ||
| Emory L Waters | |||||||
| Member | 1.00 | X | 0 | 0 | 0 | ||
| William L Thomas | |||||||
| Member | 1.00 | X | 0 | 0 | 0 | ||
| Dr Eunice S Thomas | |||||||
| Member | 1.00 | X | 0 | 0 | 0 | ||
| Dr Harry Singleton III | |||||||
| Member | 1.00 | X | 0 | 0 | 0 | ||
| Donald Rozier | |||||||
| Member | 1.00 | X | 0 | 0 | 0 | ||
| Stephen G Morrison | |||||||
| Member | 1.00 | X | 0 | 0 | 0 | ||
| Elise King Hamler | |||||||
| Member | 1.00 | X | 0 | 0 | 0 | ||
| Dr Willie J Hill Jr | |||||||
| Member | 1.00 | X | 0 | 0 | 0 | ||
| Vince Ford | |||||||
| Member | 1.00 | X | 0 | 0 | 0 | ||
| Dr Paul W Drummond | |||||||
| Member | 1.00 | X | 0 | 0 | 0 | ||
| Dr William P Diggs | |||||||
| Member | 1.00 | X | 0 | 0 | 0 | ||
| Dr Claudette C Cureton | |||||||
| Member | 1.00 | X | 0 | 0 | 0 | ||
| Frances Close | |||||||
| Member | 1.00 | X | 0 | 0 | 0 | ||
| James E Clark | |||||||
| Member | 1.00 | X | 0 | 0 | 0 | ||
| Attorney Valoria Cheek | |||||||
| Member | 1.00 | X | 0 | 0 | 0 | ||
| Anthony T Burroughs | |||||||
| Member | 1.00 | X | 0 | 0 | 0 | ||
| Roshae R Darville | |||||||
| Member | 1.00 | X | 0 | 0 | 0 | ||
| Dr Milton Kimpson | |||||||
| Vice Chairman | 5.00 | 0 | 0 | 0 | X | ||
| Charlie W Johnson | |||||||
| Board Chairman | 5.00 | 0 | 0 | 0 | X | ||
| G Tyrone Bonds | |||||||
| Secretary | 5.00 | 0 | 0 | 0 | X | ||
| David Swinton | |||||||
| President & CEO | 40.00 | 308943 | 0 | 43223 | X | ||
| Dr Lucy Perez | |||||||
| Asst. Secretary | 5.00 | 0 | 0 | 0 | X | ||
| Dr Mary Gaffney | |||||||
| President | 5.00 | 0 | 0 | 0 | X | ||
| Rufus Watts | |||||||
| Associate VP of Students | 40.00 | 69858 | 0 | 0 | X | ||
| Mohammed Nikravesh | |||||||
| Assistant Dean | 40.00 | 75276 | 0 | 0 | X | ||
| John Tucker Jr | |||||||
| Assistant VP for Phy | 40.00 | 80317 | 0 | 0 | X | ||
| Kathryn Jones | |||||||
| Assistant VP Business Affairs | 40.00 | 73313 | 0 | 0 | X | ||
| George Devlin | |||||||
| Assistant VP Academic Affairs | 40.00 | 90687 | 0 | 0 | X | ||
| Janeen Witty Tucker | |||||||
| VP Academic Affairs | 40.00 | 117060 | 0 | 0 | X | ||
| Gary Knight | |||||||
| VP Student Affairs | 40.00 | 96310 | 0 | 0 | X | ||
| Brenda Walker | |||||||
| VP Business Affairs | 40.00 | 102210 | 0 | 0 | X | ||
| Ruby Watts | |||||||
| Executive VP | 40.00 | 112891 | 0 | 0 | X | ||
| Barbara Moore | |||||||
| VP Intitutional Advancement | 40.00 | 95585 | 0 | 0 | X | ||
| Gayla Thomas | |||||||
| VP, Instructional Effect | 40.00 | 115763 | 0 | 0 | X | ||
| Love Collins | |||||||
| Executive VP Institutional AD | 40.00 | 75250 | 0 | 0 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1413463 | TotalReportableCompFromOrg |
| Total Other Compensation | 43223 | TotalOtherCompensation |
| Number Individuals GT100 K | 5 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | 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 |
|---|---|---|---|---|---|
| Perkins Management Services Co | |||||
| PO Box 58522 | Fayetteville | NC | 28305 | Food Services | 4537548 |
| Motley Construction | |||||
| 248 W Canal Road | Sellers | SC | 29592 | Renovations | 380844 |
| McCrory Construction Company | |||||
| 1280 Assembly Street | Columbia | SC | 29201 | Renovations | 1366364 |
| GCA Services | |||||
| PO Box 534198 | Atlanta | GA | 30353 | Contractor | 2939840 |
| Brasfield & Gorrie LLC | |||||
| 1900 Vaughn Road Suite 100 | Atlanta | GA | 30144 | Renovations | 2819446 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 5 | NumberOfContractorsGT100K |
| Government Grants | 9902132 | GovernmentGrants |
| All Other Contributions | 1476220 | AllOtherContributions |
| Total Contributions | 11378352 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| Tuition and Fees | 611600 | 52957053 | 52957053 |
| Auxillary Enterprises | 611600 | 19433744 | 19433744 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 72390797 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1070189 | TotalRevenueColumn |
| Exclusion | $1,070,189 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 132050 | GrossIncomeFundraisingEvents |
| Fundraising Direct Expenses | 41619 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 90431 | TotalRevenueColumn |
| Exclusion | $90,431 | ExclusionAmount |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Total Revenue ColumnTotalRevenueColumn | Unrelated Business RevenueUnrelatedBusinessRevenue | Business CodeBusinessCode | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|---|
| Off Campus Printing | 15060 | 15060 | ||
| Miscellaneous | 1172118 | 900099 | 1172118 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 1187178 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 86116947 | TotalRevenueColumn |
| Related Or Exempt Function Income | 73562915 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 15060 | UnrelatedBusinessRevenue |
| Exclusion | $1,160,620 | ExclusionAmount |
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 | 16515495 | Total |
| Program Services | 16515495 | 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 | 1413463 | Total |
| Program Services | 778481 | ProgramServices |
| Management And General | 634982 | 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 | 24356650 | Total |
| Program Services | 18667621 | ProgramServices |
| Management And General | 5449511 | ManagementAndGeneral |
| Fundraising | 239518 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 572465 | Total |
| Program Services | 438018 | ProgramServices |
| Management And General | 124722 | ManagementAndGeneral |
| Fundraising | 9725 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3702093 | Total |
| Program Services | 356542 | ProgramServices |
| Management And General | 3345551 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2123969 | Total |
| Program Services | 1350077 | ProgramServices |
| Management And General | 756952 | ManagementAndGeneral |
| Fundraising | 16940 | Fundraising |
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 | 130486 | Total |
| Management And General | 130486 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 316586 | Total |
| Management And General | 316586 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
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 | 18078429 | Total |
| Program Services | 12535243 | ProgramServices |
| Management And General | 5501587 | ManagementAndGeneral |
| Fundraising | 41599 | Fundraising |
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 | 2555277 | Total |
| Management And General | 2555277 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 984494 | Total |
| Program Services | 768242 | ProgramServices |
| Management And General | 202155 | ManagementAndGeneral |
| Fundraising | 14097 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1156 | Total |
| Program Services | 1156 | ProgramServices |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3910710 | Total |
| Program Services | 2320885 | ProgramServices |
| Management And General | 1589825 | ManagementAndGeneral |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5538019 | Total |
| Program Services | 4668074 | ProgramServices |
| Management And General | 869945 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1094652 | Total |
| Program Services | 360167 | ProgramServices |
| Management And General | 734485 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| Student Financial Aid | 561483 | 561483 | ||
| Supplies | 687965 | 597042 | 82153 | 8770 |
| Bad Debts | 2730067 | 2730067 | ||
| Repairs and Maintenance | 4117680 | 9309009 | -5191329 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | -6088047 | Total |
| Program Services | 1640987 | ProgramServices |
| Management And General | -7756535 | ManagementAndGeneral |
| Fundraising | 27501 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 83303092 | Total |
| Program Services | 70868522 | ProgramServices |
| Management And General | 12076420 | ManagementAndGeneral |
| Fundraising | 358150 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 840724 | BOY |
| EOY | 866921 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3671038 | BOY |
| EOY | 1656240 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1331122 | BOY |
| EOY | 1541557 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 722254 | BOY |
| EOY | 551696 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 863258 | BOY |
| EOY | 540194 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 149227775 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 58775375 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 85720602 | BOY |
| EOY | 90452400 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26237999 | BOY |
| EOY | 26365058 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2483755 | BOY |
| EOY | 3180524 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 121870752 | BOY |
| EOY | 125154590 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4364770 | BOY |
| EOY | 6645625 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4749338 | BOY |
| EOY | 6983365 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 41512000 | BOY |
| EOY | 40230000 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 31850828 | BOY |
| EOY | 29299507 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6325369 | BOY |
| EOY | 6339406 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 88802305 | BOY |
| EOY | 89497903 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21177816 | BOY |
| EOY | 23856570 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2156368 | BOY |
| EOY | 1760833 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9734263 | BOY |
| EOY | 10039284 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 33068447 | BOY |
| EOY | 35656687 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 121870752 | BOY |
| EOY | 125154590 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 2813855 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -225615 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | false | 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 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 9691265 | BeginningOfYearBalance |
| Contributions | 305021 | Contributions |
| Investment Earnings Or Losses | 392937 | InvestmentEarningsOrLosses |
| Other Expenditures | 1070189 | OtherExpenditures |
| End Of Year Balance | 9319034 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 9828267 | BeginningOfYearBalance |
| Contributions | 281671 | Contributions |
| Investment Earnings Or Losses | 678877 | InvestmentEarningsOrLosses |
| Other Expenditures | 1097550 | OtherExpenditures |
| End Of Year Balance | 9691265 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 10127882 | BeginningOfYearBalance |
| Contributions | 185478 | Contributions |
| Investment Earnings Or Losses | 617468 | InvestmentEarningsOrLosses |
| Other Expenditures | 1102561 | OtherExpenditures |
| End Of Year Balance | 9828267 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Permanent Endowment EOY Balance | 0.89430 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.10570 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | false | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
| Are Related Orgs Listed Schedule R | false | AreRelatedOrgsListedScheduleR |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 15834487 | OtherCostOrOtherBasis |
| Book Value | 15834487 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 104986853 | OtherCostOrOtherBasis |
| Depreciation | 40062000 | Depreciation |
| Book Value | 64924853 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 20244696 | OtherCostOrOtherBasis |
| Depreciation | 15345296 | Depreciation |
| Book Value | 4899400 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 8161739 | OtherCostOrOtherBasis |
| Depreciation | 3368079 | Depreciation |
| Book Value | 4793660 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 90452400 | TotalOfBookValueLandBuildings |
| Total Of Book Value Securities | 26365058 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities (7 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| Student Balances | $2,040,027 |
| Revolving Perkins Loan | $1,114,238 |
| Funds Held for Others | $52,414 |
| Capital Leases | $257,494 |
| Asset Retirement Obligation | $410,528 |
| Accrued Interest Payable | $1,431,710 |
| Accrued Compensated Absences | $1,032,995 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 6339406 | TotalOfAmounts |
| Total Revenue | 86116947 | TotalRevenue |
| Total Expenses | 83303092 | TotalExpenses |
| Excess Or Deficit For Year | 2813855 | ExcessOrDeficitForYear |
| Other | -$225,615 | OtherAmount |
| Total Adjustments | -225615 | TotalAdjustments |
| Excess Or Deficit Per FS | 2588240 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 69601452 | TotRevenueEtcAuditedFinclStmt |
| Revenue Subtotal | 69601452 | RevenueSubtotal |
| Other Revenues Not Included | 16515495 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 16515495 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 86116947 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 66787597 | TotExpensesEtcAuditedFinclStmt |
| Expenses Subtotal | 66787597 | ExpensesSubtotal |
| Other Expenses Not Included | 16515495 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 16515495 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 83303092 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (4 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Part XIII, Line 4b | Part XIII, Line 4b: Other revenue amounts included on 990 but not included in F/S | Tuition Discounts shown net of revenue $16515495 |
| Part XII, Line 4b | Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S | Tuition Discounts shown net of revenue $16515495 |
| Part XI, Line 8 | Part XI, Line 8: Other Changes in Net Assets or Fund Balances | Excess of spending rate over inv. return $ -225615 |
| Part V, Line 4 | Part V, Line 4: Intended uses of the endowment fund. | The College's endowment consist of 168 individual funds established for a variety of purposes including both donor-restricted endowment funds and funds designated by the Board of Trustees to function as endowments. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | true | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | true | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | true | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | true | MaintRacialCompositionRecords |
| Maint Scholarships Records | true | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | true | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | true | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | false | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | false | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | false | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | false | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | false | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | false | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActy |
| Government Financial Aid Received | true | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | false | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | true | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized | Benedict College has committed to equal opportunity, affirmative action, and non-discrimination on the basis of race, creed, religion, age, sex, national origin, handicap and other legally protected status, in all educational programs, activities, and conditions of employment. |
| Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental Agency | Benedict College receives student financial aid grants from the US Department of Education and the State of SC in addition to federal and state grant monies received for special programs and research projects |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | X | MailSolicitations |
| Email Solicitations | X | EmailSolicitations |
| Phone Solicitations | X | PhoneSolicitations |
| In Person Solicitations | X | InPersonSolicitations |
| Solicitation Of Non Govt Grants | X | SolicitationOfNonGovtGrants |
| Solicitation Of Govt Grants | X | SolicitationOfGovtGrants |
| Special Fundraising Events | X | SpecialFundraisingEvents |
| Agreement Ref Fundraising | false | AgreementRefFundraising |
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | Charter Day | NameOfEvent1 |
| Gross Receipts Event1 | 132050 | GrossReceiptsEvent1 |
| Gross Revenue Event1 | 132050 | GrossRevenueEvent1 |
| Rent Facility Costs Event1 | 5403 | RentFacilityCostsEvent1 |
| Food And Beverage Event1 | 16664 | FoodAndBeverageEvent1 |
| Entertainment Event1 | 7412 | EntertainmentEvent1 |
| Other Direct Expenses Event1 | 12140 | OtherDirectExpensesEvent1 |
| Gross Receipts Total | 132050 | GrossReceiptsTotal |
| Gross Revenue Total Events | 132050 | GrossRevenueTotalEvents |
| Rent Facility Costs Total Events | 5403 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 16664 | FoodAndBeverageTotalEvents |
| Entertainment Total Events | 7412 | EntertainmentTotalEvents |
| Other Direct Expenses Total Events | 12140 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 41619 | DirectExpenseSummaryEvents |
| Net Income Summary | 90431 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
| No Grant More Than5000 | X | NoGrantMoreThan5000 |
| Total Nbr Of501 C3 And Govt Grants | 0 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 0 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | Scholarships & Financial Aid | TypeOfGrant |
| Number Of Recipients | 3593 | NumberOfRecipients |
| Amount Of Cash Grant | 16515495 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Grantmaker's Description of How Grants are Used | Identifier |
| Explanation | The College's procedures for monitoring the use of grant funds requires verification of 1) enrollment status, 2) number of hours enrolled, 3) number of earned credit hours, 4) GPA, and 5) housing status. In addition, a review of student academic performance and grades of incomplete, if applcable, is conducted each semester to determine overall standing in relation to College's established Satisfactory Academic Policy (SAP). | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Written Policy Re T And E Expenses | false | WrittenPolicyReTAndEExpenses |
| Substantiation Required | false | SubstantiationRequired |
| 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 |
| Rebuttable Presumption Procedure | false | RebuttablePresumptionProcedure |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | David Swinton | NamePerson |
| Base Compensation Filing Org | 308943 | BaseCompensationFilingOrg |
| Deferred Comp Filing Org | 16858 | DeferredCompFilingOrg |
| Nontaxable Benefits Filing Org | 26365 | NontaxableBenefitsFilingOrg |
| Total Compensation Filing Org | 352166 | TotalCompensationFilingOrg |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Sch J, Part I, Line 1b | Part I, Line 1b: Reason for not following policy regarding payment provisions for expenses | The organization does not have a written policy regarding provisions for housing allowance. |
| Sch J, Part I, Line 1a | Part I, Line 1a: Relevant information in regards to selections on 1a. | The College furnishes a home on campus for the President of the College. The President is required to live in the home as a condition of employment and conducts significant activities related to the college in the home. |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Air Advance Heating | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | See Schedule O | Relationship |
| Amount Of Transaction | 54112 | AmountOfTransaction |
| Description Of Transaction | See Schedule O | DescriptionOfTransaction |
| Sharing Of Revenues | false | SharingOfRevenues |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| Sch.L, Part IV, Business Transactions | Schedule L, Part IV, Business Transactions Involving Interested Persons:3. (A) Name of Person: Air Advance Heating (B) Relationship between Interested Person and Organization: Dr. Swinton's, President of the College, Son-in-law (C) Description of Transaction: Various maintenance agreements with the company. The owner of the company is the son-in-law of the President of The College. All transactions are negotiated at arm's length and at fair market value. | |
| Sch.L, Part IV, Business Transactions | Schedule L, Part IV, Business Transactions Involving Interested Persons:2. (A) Name of Person: South Carolina Community Bank (B) Relationship between Interested Person and Organization: Dr. Swinton, President of the College, is Chair of the Bank Board (C) Description of Transaction: This is a continuous banking relationship for South Carolina Community Bank. The College owns stock in the bank. All transactions are negotiated at arm's length and at fair market value. | |
| Sch.L, Part IV, Business Transactions | Schedule L, Part IV, Business Transactions Involving Interested Persons:1. (A) Name of Person: Carolina First Bank (B) Relationship between Interested Person and Organization: Mack I. Whittle, Board Member is CEO of the South Financial Group (C) Description of Transaction: This is a continuous banking relationship for Carolina First Bank. The South Financial Group is a Holding Company for Carolina First Bank, of which Mr. Whittle is CEO. All transactions are negotiated at arm's length and at fair market value. | |
| Form 990, Part VI, Line 19: Other Organization Documents Publicly Available | The governing documents, conflict of interest policy, and financial statements are available to the public through the Guidestar website. | Form 990, Part VI, Line 19 |
| Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees | The Compensation Committee (Chairman of the Board, Chairman of the Research Advisory Committee and One At Large Member) meet annually to assess the employees' performance, review and approve goals for the next year, and set the compensation (% salary increase) for the upcoming year. All discussions are documented in minutes. Compensation for the President is determined by the Board Chair in consultation with the Executive Committee of the Board and is presented to the full board of directors for prior review and approval. Other senior members of management is determined through application of the Agency's written performance review/compensation policies and procedures with final written approval by the President. The Committee uses comparative studies from other similarly sized historically black colleges and universities. There is written documentation of the decision kept in permanent records. | Form 990, Part VI, Line 15b |
| Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts | The Board maintains a conflict of interest policy which is signed on an annual basis. In the course of meetings or activities, everyone will disclose any interests in a transaction or decision where he/she, including their business or other non-profit affiliations, family and/or significant other, employer or close associates will receive a benefit or a gain. After disclosure or any possible conflicts of interest, the person will be asked to leave the room for the discussion and will not be permitted to vote on the question. | Form 990, Part VI, Line 12c |
| Form 990, Part VI, Line 11: Form 990 Review Process | The Interim Vice President of Business and Finance, Nathaniel Williams, and the Assistant Vice President of Business and Finance/Controller, Kathryn Jones, review the Form 990 in order to make sure that all information provided on the Form 990 is complete and accurate. | Form 990, Part VI, Line 11 |
| Form 990, Part III, Line 4d : Other Program Services Description | OTHER PROGRAM SERVICES 4: Research OTHER PROGRAM SERVICES 5: Public Service OTHER PROGRAM SERVICES 6: Academic Support - The College Library (approximately 121,000 volumes held) OTHER PROGRAM SERVICES 7: Student Financial Aid OTHER PROGRAM SERVICES 8: Vaious Other Programs | Form 990, Part III, Line 4d |