2013-05-14T10:33:32-07:00 2012-06-30 The Hobbs Group PA 1704 Laurel Street Columbia SC 29201 990 2011-07-01 570314365 Benedict College BENE 8037054730 1600 Harden Street Columbia SC 29204 Nathaniel Williams 2013-05-13 true Will Stevens CPA 8037990555 2011 2016-02-24 21:20:13Z David Swinton 1600 Harden Street Columbia SC 29204 86158566 false false X www.benedict.edu X 1870 SC 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. 33 32 585 693 15060 -1231 11870620 11378352 68443794 72390797 1097550 1070189 1761425 1277609 83173389 86116947 14387299 16515495 0 30731774 32168640 0 358150 30882020 34618957 76001093 83303092 7172296 2813855 121870752 125154590 88802305 89497903 33068447 35656687 X 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. false false 11644185 19433744 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. 11393046 16515495 52957053 Instruction - Approximately 2,940 students. The College awarded approximately 300 degrees during the 2011-2012 School Year 11236897 Academic Support - The College Library (approximately 121,000 volumes held) 36594394 70868522 true true false false false false false false false true true true false false true false true false true false false false false false true false false false true true false false false false false false false false false false false false false false false false false false false false false true 315 0 true 585 true true true false false false false false false false false false 0 false false false false false false false false false false false X 33 32 false false false false false false false true true false false false true true true true false true true true false false SC X X Nathaniel Williams 8037054730 1600 Harden Street Columbia SC 29204 Kimberly Smith-Tann 1.00 X 0 0 0 Dennis Hickson-Breedon 1.00 X 0 0 0 Stephen K Benjamin 1.00 X 0 0 0 R Jonathan Charleston 1.00 X 0 0 0 Charles D Beaman Jr 1.00 X 0 0 0 Dr Benjamin D Snoddy 1.00 X 0 0 0 Dr Leroy T Walker 1.00 X 0 0 0 Rev Dr Aidsand F Wright 1.00 X 0 0 0 Mack I Whittle 1.00 X 0 0 0 William B Whitney 1.00 X 0 0 0 Emory L Waters 1.00 X 0 0 0 William L Thomas 1.00 X 0 0 0 Dr Eunice S Thomas 1.00 X 0 0 0 Dr Harry Singleton III 1.00 X 0 0 0 Donald Rozier 1.00 X 0 0 0 Stephen G Morrison 1.00 X 0 0 0 Elise King Hamler 1.00 X 0 0 0 Dr Willie J Hill Jr 1.00 X 0 0 0 Vince Ford 1.00 X 0 0 0 Dr Paul W Drummond 1.00 X 0 0 0 Dr William P Diggs 1.00 X 0 0 0 Dr Claudette C Cureton 1.00 X 0 0 0 Frances Close 1.00 X 0 0 0 James E Clark 1.00 X 0 0 0 Attorney Valoria Cheek 1.00 X 0 0 0 Anthony T Burroughs 1.00 X 0 0 0 Roshae R Darville 1.00 X 0 0 0 Dr Milton Kimpson 5.00 X 0 0 0 Charlie W Johnson 5.00 X 0 0 0 G Tyrone Bonds 5.00 X 0 0 0 David Swinton 40.00 X 308943 0 43223 Dr Lucy Perez 5.00 X 0 0 0 Dr Mary Gaffney 5.00 X 0 0 0 Rufus Watts 40.00 X 69858 0 0 Mohammed Nikravesh 40.00 X 75276 0 0 John Tucker Jr 40.00 X 80317 0 0 Kathryn Jones 40.00 X 73313 0 0 George Devlin 40.00 X 90687 0 0 Janeen Witty Tucker 40.00 X 117060 0 0 Gary Knight 40.00 X 96310 0 0 Brenda Walker 40.00 X 102210 0 0 Ruby Watts 40.00 X 112891 0 0 Barbara Moore 40.00 X 95585 0 0 Gayla Thomas 40.00 X 115763 0 0 Love Collins 40.00 X 75250 0 0 1413463 43223 5 false true false 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 5 9902132 1476220 11378352 Tuition and Fees 611600 52957053 52957053 Auxillary Enterprises 611600 19433744 19433744 72390797 1070189 1070189 0 0 0 0 132050 41619 90431 90431 0 0 Off Campus Printing 15060 15060 Miscellaneous 900099 1172118 1172118 1187178 86116947 73562915 15060 1160620 0 16515495 16515495 0 0 1413463 778481 634982 0 24356650 18667621 5449511 239518 572465 438018 124722 9725 3702093 356542 3345551 2123969 1350077 756952 16940 0 130486 130486 316586 316586 0 0 0 18078429 12535243 5501587 41599 0 0 0 0 2555277 2555277 984494 768242 202155 14097 0 1156 1156 3910710 2320885 1589825 0 5538019 4668074 869945 1094652 360167 734485 Student Financial Aid 561483 561483 Supplies 687965 597042 82153 8770 Bad Debts 2730067 2730067 Repairs and Maintenance 4117680 9309009 -5191329 -6088047 1640987 -7756535 27501 83303092 70868522 12076420 358150 840724 866921 0 3671038 1656240 1331122 1541557 0 0 722254 551696 0 863258 540194 149227775 58775375 85720602 90452400 0 26237999 26365058 0 0 2483755 3180524 121870752 125154590 4364770 6645625 4749338 6983365 41512000 40230000 31850828 29299507 6325369 6339406 88802305 89497903 X 21177816 23856570 2156368 1760833 9734263 10039284 33068447 35656687 121870752 125154590 X 2813855 -225615 X false true false X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9691265 305021 392937 1070189 9319034 9828267 281671 678877 1097550 9691265 10127882 185478 617468 1102561 9828267 0.89430 0.10570 false false false 15834487 15834487 104986853 40062000 64924853 20244696 15345296 4899400 8161739 3368079 4793660 90452400 26365058 Student Balances 2040027 Revolving Perkins Loan 1114238 Funds Held for Others 52414 Capital Leases 257494 Asset Retirement Obligation 410528 Accrued Interest Payable 1431710 Accrued Compensated Absences 1032995 6339406 86116947 83303092 2813855 -225615 -225615 2588240 69601452 69601452 16515495 16515495 86116947 66787597 66787597 16515495 16515495 83303092 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. true true true true true true true false false false false false false false false true false true 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 X X X X X X X false Charter Day 132050 132050 5403 16664 7412 12140 132050 132050 5403 16664 7412 12140 41619 90431 true X 0 0 Scholarships & Financial Aid 3593 16515495 Grantmaker's Description of How Grants are Used 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). X false false X false false false false false false false false false false David Swinton 308943 16858 26365 352166 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. Air Advance Heating See Schedule O 54112 See Schedule O false 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 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 15b 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 12c 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 11 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 III, Line 4d 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