LIMESTONE UNIVERSITY: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- LIMESTONE UNIVERSITY (EIN 57-0314402)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-03-20
- IRS object ID
- 201340799349300204
- 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 G
- Schedule I
- Schedule J
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-03-20T09:11:27-05:00 | 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 | CHERRY BEKAERT LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 201 WEST MCBEE AVE SUITE 200 | AddressLine1 |
| City | GREENVILLE | City |
| State | SC | State |
| ZIP Code | 29601 | 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 | 570314402 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LIMESTONE COLLEGE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | LIME | NameControl |
| Phone | 8007957151 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1115 COLLEGE DRIVE | AddressLine1 |
| City | GAFFNEY | City |
| State | SC | State |
| ZIP Code | 29340 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DAVID S RILLING | Name |
| Title | V.P. FINANCIAL AFFAIRS | Title |
| Phone | 8007957151 | Phone |
| Date Signed | 2013-01-31 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | SARAH P MCGREGOR | Name |
| Phone | 8642333981 | Phone |
| Date Prepared | 2013-03-20 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | DR WALT GRIFFIN | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1115 COLLEGE DRIVE | AddressLine1 |
| City | GAFFNEY | City |
| State | SC | State |
| ZIP Code | 29340 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 44881568 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.LIMESTONE.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1845 | YearFormation |
| State Legal Domicile | SC | StateLegalDomicile |
| Activity Or Mission Description | LIMESTONE COLLEGE IS A FOUR-YEAR, LIBERAL ARTS INSTITUTION IN GAFFNEY, SC. ESTABLISHED IN 1845, LIMESTONE OFFERS BACHELOR AND ASSOCIATE DEGREES THROUGH TRADITIONAL AND NON-TRADITIONAL EDUCATIONAL OPPORTUNITIES. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 44 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 44 | NbrIndependentVotingMembers |
| Total Nbr Employees | 1042 | TotalNbrEmployees |
| Total Nbr Volunteers | 96 | TotalNbrVolunteers |
| Total Gross UBI | 93285 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 23230 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 2435384 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1780682 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 38775512 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 39108862 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 467757 | InvestmentIncomePriorYear |
| Investment Income Current Year | 490719 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 12638 | OtherRevenuePriorYear |
| Other Revenue Current Year | 17279 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 41691291 | TotalRevenuePriorYear |
| Total Revenue Current Year | 41397542 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 6926304 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 6532891 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 17428268 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 18552562 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 837569 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 15287728 | OtherExpensePriorYear |
| Other Expenses Current Year | 15647571 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 39642300 | TotalExpensesPriorYear |
| Total Expenses Current Year | 40733024 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 2048991 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 664518 | RevenuesLessExpensesCY |
| Total Assets BOY | 38799563 | TotalAssetsBOY |
| Total Assets EOY | 39128772 | TotalAssetsEOY |
| Total Liabilities BOY | 6558660 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 6221239 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 32240903 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 32907533 | NetAssetsOrFundBalancesEOY |
| Mission Description | LIMESTONE COLLEGE IS A FOUR-YEAR, LIBERAL ARTS INSTITUTION IN GAFFNEY, SC. ESTABLISHED IN 1845, LIMESTONE OFFERS BACHELOR AND ASSOCIATE DEGREES THROUGH TRADITIONAL AND NON-TRADITIONAL EDUCATIONAL OPPORTUNITIES. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 38337753 | Expense |
| Grants | 6532891 | Grants |
| Revenue | 39108862 | Revenue |
| Description | LIMESTONE COLLEGE PROVIDES POST-SECONDARY EDUCATION FOR APPROXIMATELY 2,814 FTE DEGREE-SEEKING STUDENTS, INCLUDING ACADEMIC/STUDENT SUPPORT AND AUXILIARY SERVICES. | Description |
Activity Other ActivityOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 161 | Expense |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 161 | TotalOfOtherProgramServiceExp |
| Total Program Service Expense | 38337914 | 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 | 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 | 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 |
| 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 | 8 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 1042 | 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 |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | true | QuidProQuoContributions |
| Quid Pro Quo Disclosure | true | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Form8899 Filed | true | Form8899Filed |
| Form1098 C Filed | true | Form1098CFiled |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 44 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 44 | NumberIndependentVotingMembers |
| Family Or Business Relationship | true | 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 | SC | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | MORNA BAILEY | NamePerson |
| Telephone Number | 8644884574 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1115 COLLEGE DRIVE | AddressLine1 |
| City | GAFFNEY | City |
| State | SC | State |
| ZIP Code | 29340 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (55 entries)
| TitleTitle | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Average Hours Per WeekAverageHoursPerWeek | OfficerOfficer |
|---|---|---|---|---|---|---|
| MARGARET B CLARY | ||||||
| BOARD MEMBER | X | 0 | 0 | 0 | ||
| WILLIAM W BROWN | ||||||
| BOARD MEMBER | X | 0 | 0 | 0 | ||
| ANNA C BALL | ||||||
| BOARD MEMBER | X | 0 | 0 | 0 | ||
| W RONALD BARRETT | ||||||
| BOARD MEMBER | X | 0 | 0 | 0 | 1.00 | |
| ASHBY L BLAKELY | ||||||
| BOARD MEMBER | X | 0 | 0 | 0 | ||
| STEPHEN R BRYANT | ||||||
| BOARD MEMBER | X | 0 | 0 | 0 | ||
| ALVIN G CAIN | ||||||
| TRUSTEE EMER | X | 0 | 0 | 0 | ||
| NANCY C CARLISLE | ||||||
| TRUSTEE EMER | X | 0 | 0 | 0 | ||
| KAREN B CHANNELL | ||||||
| BOARD MEMBER | X | 0 | 0 | 0 | ||
| FRANCES L CHILDERS | ||||||
| TRUSTEE EMER | X | 0 | 0 | 0 | ||
| DAVID E DORMAN | ||||||
| BOARD MEMBER | X | 0 | 0 | 0 | 1.00 | |
| KENNETH R COUCH | ||||||
| BOARD MEMBER | X | 0 | 0 | 0 | ||
| RICHARD K DISNEY JR | ||||||
| BOARD MEMBER | X | 0 | 0 | 0 | ||
| W KENNETH EDWARDS | ||||||
| BOARD MEMBER | X | 0 | 0 | 0 | 1.00 | |
| DANIEL F DUNN | ||||||
| BOARD MEMBER | X | 0 | 0 | 0 | ||
| SARA J EDDINS | ||||||
| BOARD MEMBER | X | 0 | 0 | 0 | ||
| FAYE C EDWARDS | ||||||
| TRUSTEE EMER | X | 0 | 0 | 0 | ||
| DR JAY HAMMETT | ||||||
| TRUSTEE EMER | X | 0 | 0 | 0 | 1.00 | |
| CHARLES F HAMRICK | ||||||
| BOARD MEMBER | X | 0 | 0 | 0 | 1.00 | |
| JULIE W LOWRY | ||||||
| BOARD MEMBER | X | 0 | 0 | 0 | ||
| WYLIE L HAMRICK | ||||||
| TRUSTEE EMER | X | 0 | 0 | 0 | ||
| ELIJAH INABINETTE JR | ||||||
| BOARD MEMBER | X | 0 | 0 | 0 | 1.00 | |
| DRADA P HOOVER | ||||||
| BOARD MEMBER | X | 0 | 0 | 0 | ||
| DR C GRAHAM HOPPER JR | ||||||
| SENIOR TRUST | X | 0 | 0 | 0 | ||
| MARGARET P LITTLEJOHN | ||||||
| TRUSTEE EMER | X | 0 | 0 | 0 | ||
| ROY N MATHIS | ||||||
| CHAIR | X | 0 | 0 | 0 | 1.00 | |
| CAROLINE E MOISE | ||||||
| BOARD MEMBER | X | 0 | 0 | 0 | ||
| VIRGINIA B SKINNER | ||||||
| BOARD MEMBER | X | 0 | 0 | 0 | ||
| CHARLIE PATTON | ||||||
| BOARD MEMBER | X | 0 | 0 | 0 | 1.00 | |
| LYNDA R RAMAGE | ||||||
| BOARD MEMBER | X | 0 | 0 | 0 | ||
| J GRADY RANDOLPH SR | ||||||
| BOARD MEMBER | X | 0 | 0 | 0 | ||
| WILLIAM G RHODEN | ||||||
| BOARD MEMBER | X | 0 | 0 | 0 | ||
| DR BARBARA B SMITH | ||||||
| BOARD MEMBER | X | 0 | 0 | 0 | ||
| C DAVID TOLSON III | ||||||
| BOARD MEMBER | X | 0 | 0 | 0 | ||
| JOHN B TRAVERS | ||||||
| BOARD MEMBER | X | 0 | 0 | 0 | ||
| ROBERT R TURBYFILL JR | ||||||
| BOARD MEMBER | X | 0 | 0 | 0 | ||
| WILLIAM C VANANTWERP | ||||||
| TREASURER | X | 0 | 0 | 0 | 1.00 | |
| ROBIN O DIXON | ||||||
| ALUMNI TRUST | X | 0 | 0 | 0 | ||
| BILL H MASON | ||||||
| BOARD MEMBER | X | 0 | 0 | 0 | ||
| CAROL H CAGGIANO | ||||||
| BOARD MEMBER | X | 0 | 0 | 0 | ||
| LYMAN W HAMRICK | ||||||
| BOARD MEMBER | X | 0 | 0 | 0 | ||
| PATRICIA P WATTS | ||||||
| BOARD MEMBER | X | 0 | 0 | 0 | ||
| PATRICIA W WILLIS | ||||||
| BOARD MEMBER | X | 0 | 0 | 0 | ||
| JEREMY P YAEKEL | ||||||
| BOARD MEMBER | X | 0 | 0 | 0 | ||
| DR WALT GRIFFIN | ||||||
| PRESIDENT | 176223 | 0 | 44211 | 40.00 | X | |
| DR KAREN GAINEY | ||||||
| EXEC. VP | 129077 | 0 | 15276 | 40.00 | X | |
| DR CHARLES CUNNING | ||||||
| EXEC. VP | 105326 | 0 | 14053 | 40.00 | X | |
| CR HORTON | ||||||
| VP INFO TECH | 102421 | 0 | 7300 | 40.00 | X | |
| FRANKLIN MITCHELL | ||||||
| DIR INSTITUT | 101640 | 0 | 9010 | 40.00 | X | |
| DR WILLIAM BAKER | ||||||
| VP INST. ADV | 90325 | 0 | 16867 | 40.00 | X | |
| DAVID S RILLING | ||||||
| VP FINANCIAL | 90325 | 0 | 8194 | 40.00 | X | |
| MICHAEL CERINO | ||||||
| VP ATHLETICS | 84954 | 0 | 15036 | 40.00 | X | |
| CHRISTOPHER PHENICIE | ||||||
| VP ENROLLMEN | 77676 | 0 | 17454 | 40.00 | X | |
| ROBERT OVERTON | ||||||
| VP STUDENT S | 74987 | 0 | 13737 | 40.00 | X | |
| PAT SOKOLS | ||||||
| DIR EXTENDED | 63323 | 0 | 7694 | 40.00 | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1096277 | TotalReportableCompFromOrg |
| Total Other Compensation | 168832 | 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 |
|---|---|---|---|---|---|
| ARAMARK | |||||
| 1115 COLLEGE DR | GAFFNEY | SC | 29340 | FOOD SERVICE | 657135 |
| MCDANIEL CONSTRUCTION | |||||
| PO BOX 777 | BLACKSBURG | SC | 29702 | CONSTRUCTION | 382297 |
| FIRST TEAM SPORTS CENTER | |||||
| 2520 WADE HAMPTON BLVD | GREENVILLE | SC | 29615 | EQUIPMENT | 278675 |
| LAUNCH SOMETHING | |||||
| 351 E KENNEDY ST | SPARTANBURG | SC | 29302 | TEAM SUPPORT | 252372 |
| YOUNG OFFICE ENVIRONMENTS | |||||
| PO BOX 890062 | CHARLOTTE | NC | 28289 | FURNITURE | 102637 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 4 | NumberOfContractorsGT100K |
| Fundraising Events | 23543 | FundraisingEvents |
| All Other Contributions | 1757139 | AllOtherContributions |
| Noncash Contributions | 15893 | NoncashContributions |
| Total Contributions | 1780682 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | ExclusionExclusionAmount | Business CodeBusinessCode | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|---|
| TUITION & FEES | 34151414 | 34151414 | |||
| SALES & SERVICES - AUXILIARY | 4490454 | $4,490,454 | |||
| SALES & SERVICES - EDUCATIONA | 373709 | $373,709 | |||
| SUMMER CAMPS | 83587 | 713940 | 83587 | ||
| ATHLETIC PROMOTIONS | 9698 | 611710 | 9698 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 39108862 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 433831 | TotalRevenueColumn |
| Exclusion | $433,831 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 60733 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 40975 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 19758 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 19758 | TotalRevenueColumn |
| Exclusion | $19,758 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 3486695 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 3388231 | Securities |
| Other | 41576 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 98464 | Securities |
| Other | -41576 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 56888 | TotalRevenueColumn |
| Related Or Exempt Function Income | 56888 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 10765 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 23543 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 13244 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -2479 | TotalRevenueColumn |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 41397542 | TotalRevenueColumn |
| Related Or Exempt Function Income | 34208302 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 93285 | UnrelatedBusinessRevenue |
| Exclusion | $5,317,752 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6532891 | Total |
| Program Services | 6532891 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1096277 | Total |
| Program Services | 846249 | ProgramServices |
| Management And General | 164441 | ManagementAndGeneral |
| Fundraising | 85587 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14262428 | Total |
| Program Services | 13457358 | ProgramServices |
| Management And General | 401938 | ManagementAndGeneral |
| Fundraising | 403132 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 653862 | Total |
| Program Services | 608944 | ProgramServices |
| Management And General | 24112 | ManagementAndGeneral |
| Fundraising | 20806 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1394203 | Total |
| Program Services | 1298425 | ProgramServices |
| Management And General | 51414 | ManagementAndGeneral |
| Fundraising | 44364 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1145792 | Total |
| Program Services | 1067080 | ProgramServices |
| Management And General | 42253 | ManagementAndGeneral |
| Fundraising | 36459 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 25329 | Total |
| Program Services | 19850 | ProgramServices |
| Management And General | 5479 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 86538 | Total |
| Program Services | 50808 | ProgramServices |
| Management And General | 35730 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 61100 | Total |
| Management And General | 61100 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 49937 | Total |
| Management And General | 49937 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 616771 | Total |
| Program Services | 608928 | ProgramServices |
| Fundraising | 7843 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 539923 | Total |
| Program Services | 365401 | ProgramServices |
| Management And General | 117312 | ManagementAndGeneral |
| Fundraising | 57210 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2401291 | Total |
| Program Services | 2361410 | ProgramServices |
| Management And General | 39881 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 820313 | Total |
| Program Services | 753583 | ProgramServices |
| Management And General | 55291 | ManagementAndGeneral |
| Fundraising | 11439 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 95917 | Total |
| Program Services | 75571 | ProgramServices |
| Management And General | 20346 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 222561 | Total |
| Program Services | 200305 | ProgramServices |
| Management And General | 22256 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1562784 | Total |
| Program Services | 1515588 | ProgramServices |
| Management And General | 47196 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 281956 | Total |
| Program Services | 253760 | ProgramServices |
| Management And General | 28196 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| BOOKSTORE COST OF GOODS S | 1718478 | 1718478 | ||
| SUPPLIES | 1716355 | 1555732 | 133266 | 27357 |
| EQUIPMENT - NON CAPITAL | 1442036 | 1405184 | 36852 | |
| INSTRUCTIONAL SUPPORT | 1074014 | 1074014 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2932268 | Total |
| Program Services | 2568355 | ProgramServices |
| Management And General | 220541 | ManagementAndGeneral |
| Fundraising | 143372 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 40733024 | Total |
| Program Services | 38337914 | ProgramServices |
| Management And General | 1557541 | ManagementAndGeneral |
| Fundraising | 837569 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21897 | BOY |
| EOY | 23020 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4019033 | BOY |
| EOY | 4644052 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1413799 | BOY |
| EOY | 1188367 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 691429 | BOY |
| EOY | 747570 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12812 | BOY |
| EOY | 2339 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 265830 | BOY |
| EOY | 309701 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 162667 | BOY |
| EOY | 140432 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 34080208 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 14928383 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19355086 | BOY |
| EOY | 19151825 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12857010 | BOY |
| EOY | 12921466 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 38799563 | BOY |
| EOY | 39128772 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1328396 | BOY |
| EOY | 1438763 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 713779 | BOY |
| EOY | 669124 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3980389 | BOY |
| EOY | 3577256 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 536096 | BOY |
| EOY | 536096 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6558660 | BOY |
| EOY | 6221239 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16340033 | BOY |
| EOY | 16518520 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5866991 | BOY |
| EOY | 6284734 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10033879 | BOY |
| EOY | 10104279 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 32240903 | BOY |
| EOY | 32907533 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 38799563 | BOY |
| EOY | 39128772 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 664518 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 2112 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Disclosed Orgs Legal Control | false | DisclosedOrgsLegalControl |
| Disclosed For Charitable Purposes | false | DisclosedForCharitablePurposes |
| Written Policy Monitoring | false | WrittenPolicyMonitoring |
| Sect170h Requirements Satisfied | false | Sect170hRequirementsSatisfied |
| Solicited Assets For Sale | false | SolicitedAssetsForSale |
| Agent Trustee Etc | false | AgentTrusteeEtc |
| Included On FS | false | IncludedOnFS |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 13038957 | BeginningOfYearBalance |
| Contributions | 65428 | Contributions |
| Investment Earnings Or Losses | 405604 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 322238 | GrantsOrScholarships |
| End Of Year Balance | 13187751 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 11017994 | BeginningOfYearBalance |
| Contributions | 95950 | Contributions |
| Investment Earnings Or Losses | 2123782 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 198769 | GrantsOrScholarships |
| End Of Year Balance | 13038957 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 9865828 | BeginningOfYearBalance |
| Contributions | 76235 | Contributions |
| Investment Earnings Or Losses | 1190328 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 114397 | GrantsOrScholarships |
| End Of Year Balance | 11017994 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 11564730 | BeginningOfYearBalance |
| Contributions | 335521 | Contributions |
| Investment Earnings Or Losses | -1634685 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 399738 | GrantsOrScholarships |
| End Of Year Balance | 9865828 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Permanent Endowment EOY Balance | 0.76620 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.23380 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | true | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
| Are Related Orgs Listed Schedule R | false | AreRelatedOrgsListedScheduleR |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 81060 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 1208365 | OtherCostOrOtherBasis |
| Book Value | 1289425 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 26850516 | OtherCostOrOtherBasis |
| Depreciation | 11885117 | Depreciation |
| Book Value | 14965399 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3478357 | OtherCostOrOtherBasis |
| Depreciation | 2819226 | Depreciation |
| Book Value | 659131 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2461910 | OtherCostOrOtherBasis |
| Depreciation | 224040 | Depreciation |
| Book Value | 2237870 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 19151825 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| REFUNDABLE ADVANCE - PERKINS LOAN | $473,774 |
| REFUNDABLE ADVANCE - CAMP LOAN | $62,322 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 536096 | TotalOfAmounts |
| Total Revenue | 41397542 | TotalRevenue |
| Total Expenses | 40733024 | TotalExpenses |
| Excess Or Deficit For Year | 664518 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 2112 | NetUnrealizedGLOnInvestments |
| Total Adjustments | 2112 | TotalAdjustments |
| Excess Or Deficit Per FS | 666630 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 34962558 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 2112 | NetUnrealizedGainsInvestments |
| Other Revenues | 95795 | OtherRevenues |
| Revenue Not Rptd F990 | 97907 | RevenueNotRptdF990 |
| Revenue Subtotal | 34864651 | RevenueSubtotal |
| Other Revenues Not Included | 6532891 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 6532891 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 41397542 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 34295928 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 95795 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 95795 | ExpensesNotRptdF990 |
| Expenses Subtotal | 34200133 | ExpensesSubtotal |
| Other Expenses Not Included | 6532891 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 6532891 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 40733024 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (8 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| INTENDED USES FOR ENDOWMENT FUNDS | SCHEDULE D, PAGE 2, PART V, LINE 4 | TWO TRUSTS, THE VALUE OF WHICH ARE INCLUDED IN THE MARKETABLE SECURITIES ON THE STATEMENT OF NET ASSETS, ARE CONTROLLED BY WELLS FARGO BANK AND BANK OF AMERICA. THE EARNINGS FROM THE WELLS FARGO TRUST ARE BEING PAID OUT AS SCHOLARSHIPS TO LIMESTONE STUDENTS. THE CORPUS OF BOTH TRUSTS, UPON THE DEATH OF THE DONORS, WILL TRANSFER TO LIMESTONE TO FUND FUTURE SCHOLARSHIPS. |
| LIABILITY UNDER FIN 48 FOOTNOTE | SCHEDULE D, PAGE 3, PART X | LIMESTONE COLLEGE IS A NON-PROFIT ORGANIZATION AND IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE"). IN ADDITION, THE COLLEGE HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE CODE. MANAGEMENT HAS EVALUATED THE EFFECT OF THE GUIDANCE PROVIDED BY U.S. GAAP ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT BELIEVES THAT THE ORGANIZATION CONTINUES TO SATISFY THE REQUIREMENTS OF A TAX-EXEPMT ORGANIZATION AT JUNE 30, 2012. MANAGEMENT HAS EVALUATED ALL OTHER TAX POSITIONS THAT COULD HAVE A SIGNIFICANT AFFECT ON THE FINANCIAL STATEMENTS AND DETERMINED THE ORGANIZATION HAD NO SIGNIFICANT UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2012. |
| RECONCILIATION OF CHANGES - OTHER | SCHEDULE D, PAGE 4, PART XI, LINE 8 | RENTAL EXPENSES 40,975 SPECIAL EVENT DIRECT EXPENSES 13,244 LOSS ON DISPOSAL OF ASSETS 41,576 SCHOLARSHIPS (FUNDED/UNFUNDED) -6,532,891 RENTAL EXPENSES -40,975 SPECIAL EVENT DIRECT EXPENSES -13,244 LOSS ON DISPOSAL OF ASSETS -41,576 SCHOLARSHIPS (FUNDED/UNFUNDED) 6,532,891 |
| REVENUE AMOUNTS INCLUDED IN FINANCIALS - OTHER | SCHEDULE D, PAGE 4, PART XII, LINE 2D | RENTAL EXPENSES 40,975 SPECIAL EVENT DIRECT EXPENSES 13,244 LOSS ON DISPOSAL OF ASSETS 41,576 |
| REVENUE AMOUNTS INCLUDED ON RETURN - OTHER | SCHEDULE D, PAGE 4, PART XII, LINE 4B | SCHOLARSHIPS (FUNDED/UNFUNDED) 6,532,891 |
| EXPENSE AMOUNTS INCLUDED IN FINANCIALS - OTHER | SCHEDULE D, PAGE 4, PART XIII, LINE 2D | RENTAL EXPENSES 40,975 SPECIAL EVENT DIRECT EXPENSES 13,244 LOSS ON DISPOSAL OF ASSETS 41,576 |
| EXPENSE AMOUNTS INCLUDED ON RETURN - OTHER | SCHEDULE D, PAGE 4, PART XIII, LINE 4B | SCHOLARSHIPS (FUNDED/UNFUNDED) 6,532,891 |
| SUPPLEMENTAL FINANCIAL INFORMATION | SCHEDULE D, PAGE 4, PART XIV | LIMESTONE COLLEGE IS CURRENTLY RE-ASSESSING ALL OF ITS POLICIES AND PROCEDURES TO ASCERTAIN WHETHER ALL LEGISLATIVE MANDATES HAVE BEEN ADDRESSED. MODIFICATIONS ARE BEING MADE AS DEEMED NECESSARY. FORM 990, PART V LINES 1C, 7G & 7H LIMESTONE COLLEGE COMPLIED WITH THE REPORTING REQUIREMENTS, HOWEVER, DURING THE YEAR THERE WERE NO GAMING WINNERS, CONTRIBUTIONS OF QUALIFIED INTELLECTUAL PROPERTY OR CONTRIBUTIONS OF BOATS, AIRPLANES, AND OTHER VEHICLES. |
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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | FINANCIAL AID OR GOVERNMENT ASSISTANCE EXPLANATION | Identifier |
| Return Reference | SCHEDULE E LINE 6 | ReturnReference |
| Explanation | THE COLLEGE ACTS AS AN AGENT BETWEEN THE US DEPARTMENT OF EDUCATION THE SOUTH CAROLINA DEPARTMENT OF REVENUE AND LIMESTONE STUDENTS THE COLLEGE RECEIVES FUNDS FROM THE GOVERNMENT AGENCIES AND APPLIES THE FUNDS TO THE APPLICABLE STUDENTS ACCOUNT | Explanation |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | SCHOLARS DOLLAR | NameOfEvent1 |
| Gross Receipts Event1 | 26083 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 23543 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 2540 | GrossRevenueEvent1 |
| Other Direct Expenses Event1 | 8897 | OtherDirectExpensesEvent1 |
| Name Of Event2 | GOLF TOURNAMENT | NameOfEvent2 |
| Gross Receipts Event2 | 8225 | GrossReceiptsEvent2 |
| Gross Revenue Event2 | 8225 | GrossRevenueEvent2 |
| Other Direct Expenses Event2 | 4347 | OtherDirectExpensesEvent2 |
| Gross Receipts Total | 34308 | GrossReceiptsTotal |
| Charitable Contributions Total | 23543 | CharitableContributionsTotal |
| Gross Revenue Total Events | 10765 | GrossRevenueTotalEvents |
| Other Direct Expenses Total Events | 13244 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 13244 | DirectExpenseSummaryEvents |
| Net Income Summary | -2479 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
| No Grant More Than5000 | X | NoGrantMoreThan5000 |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | GRANTS & SCHOLARSHIPS | TypeOfGrant |
| Number Of Recipients | 797 | NumberOfRecipients |
| Amount Of Cash Grant | 6532891 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS INSIDE THE UNITED STATES | Identifier |
| Return Reference | SCHEDULE I, PAGE 1, PART I, LINE 2 | ReturnReference |
| Explanation | FINANCIAL AID GUIDELINES ARE UTILIZED TO DETERMINE THE QUALIFICATIONS OF EACH RECIPIENT. THE GUIDELINES ARE PUBLISHED IN LIMESTONE COLLEGE'S ACADEMIC CATALOG AND COMPLY WITH ELIGIBILITY REQUIREMENTS PUBLISHED BY THE U.S. DEPARTMENT OF EDUCATION AND THE SOUTH CAROLINA DEPARTMENT OF REVENUE. ANNUAL COMPLIANCE AUDITS ARE COMPLETED BY AN INDEPENDENT ACCOUNTING FIRM. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Personal Services | X | PersonalServices |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| 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 |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | DR WALT GRIFFIN | NamePerson |
| Base Compensation Filing Org | 176223 | BaseCompensationFilingOrg |
| Deferred Comp Filing Org | 10573 | DeferredCompFilingOrg |
| Nontaxable Benefits Filing Org | 33638 | NontaxableBenefitsFilingOrg |
| Total Compensation Filing Org | 220434 | TotalCompensationFilingOrg |
| Comp Report Prior990 Filing Org | 187619 | CompReportPrior990FilingOrg |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | OTHER ADDITIONAL INFORMATION | Identifier |
| Return Reference | SCHEDULE J, PART III | ReturnReference |
| Explanation | HOUSING IS PROVIDED FOR THE PRESIDENT FOR THE CONVENIENCE OF THE COLLEGE. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| EXPLANATION ON VOLUNTEERS AND TYPES OF SERVICES OR BENEFITS | FORM 990, PAGE 1, PART I, LINE 6 | A LARGE NUMBER OF PEOPLE HAVE CONTRIBUTED SIGNIFICANT AMOUNTS OF TIME TO THE ACTIVITIES OF THE ORGANIZATION WITHOUT COMPENSATION. THE VALUE OF THESE CONTRIBUTED SERVICES, ALTHOUGH CLEARLY SUBSTANTIAL, ARE NOT INCLUDED AS NO RELIABLE BASIS EXISTS FOR DETERMINING AN APPROPRIATE VALUE. |
| RELATED PARTY INFORMATION AMONG OFFICERS | FORM 990, PAGE 6, PART VI, LINE 2 | LYMAN HAMRICK WYLIE HAMRICK FATHER/SON |
| ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 | FORM 990, PAGE 6, PART VI, LINE 11B | A COPY OF THE 990 AND 990T WERE PRESENTED TO THE AUDIT COMMITTEE FOR REVIEW. A COPY OF THE RETURNS WERE MADE ACCESSIBLE TO BOARD MEMBERS. FOLLOWING PRESENTATION AND APPROVAL, THE RETURNS WERE SUBMITTED TO THE INTERNAL REVENUE SERVICE. |
| ENFORCEMENT OF CONFLICTS POLICY | FORM 990, PAGE 6, PART VI, LINE 12C | ANNUALLY, A CONFLICT OF INTEREST QUESTIONNAIRE IS COMPLETED BY MEMBERS OF THE BOARD OF TRUSTEES AND REVIEWED FOR ANY NOTED CONFLICTS. |
| COMPENSATION PROCESS FOR TOP OFFICIAL | FORM 990, PAGE 6, PART VI, LINE 15A | THE BOARD OF TRUSTEES REVIEWS THE PRESIDENT'S CONTRACT AND SETS THE COMPENSATION PACKAGE. AN ASSESSMENT OF THE PRESIDENT'S COMPENSATION PACKAGE IS MADE ANNUALLY BY THE PERSONNEL COMMITTEE. |
| COMPENSATION PROCESS FOR OFFICERS | FORM 990, PAGE 6, PART VI, LINE 15B | THE FINANCE COMMITTEE DISCUSSES WITH MANAGEMENT EXECUTIVE-LEVEL MANAGEMENT HIRES. THE SETTING OF COMPENSATION AMOUNTS IS MADE BY MANAGEMENT. |
| GOVERNING DOCUMENTS DISCLOSURE EXPLANATION | FORM 990, PAGE 6, PART VI, LINE 19 | GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| ADDITIONAL INFORMATION | FORM 990, PART XI | LINE 5 IS THE CHANGE IN NET ASSETS RELATED TO UNREALIZED GAINS. |