LOUISBURG COLLEGE: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- LOUISBURG COLLEGE (EIN 56-0547511)
- Tax period
- 2010-06-01 to 2011-05-31
- Filed
- 2012-04-17
- IRS object ID
- 201201089349300510
- Schema version
- 2010v3.4
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule I
- Schedule J
- Schedule L
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-04-17T09:12:39-05:00 | Timestamp |
| Tax Period End Date | 2011-05-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MCGLADREY & PULLEN LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 111 ROUNDABOUT COURT | AddressLine1 |
| City | ROCKY MOUNT | City |
| State | NC | State |
| ZIP Code | 27804 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-06-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 560547511 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LOUISBURG COLLEGE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | LOUI | NameControl |
| Phone | 9194962521 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 501 N MAIN STREET | AddressLine1 |
| City | LOUISBURG | City |
| State | NC | State |
| ZIP Code | 27549 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MARK D LABRANCHE | Name |
| Title | PRESIDENT | Title |
| Phone | 9194973226 | Phone |
| Date Signed | 2012-04-16 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JAMES W MATTHEWS JR | Name |
| Phone | 2524460731 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | MARK D LABRANCHE | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 501 N MAIN ST | AddressLine1 |
| City | LOUISBURG | City |
| State | NC | State |
| ZIP Code | 27549 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 22045715 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | HTTP://WWW.LOUISBURG.EDU/ | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1928 | YearFormation |
| State Legal Domicile | NC | StateLegalDomicile |
| Activity Or Mission Description | EDUCATIONAL OPPORTUNITIES TO PROVIDE A HIGHER EDUCATION TO STUDENTS UNDER A COLLEGE DEGREE PROGRAM. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 29 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 29 | NbrIndependentVotingMembers |
| Total Nbr Employees | 341 | TotalNbrEmployees |
| Total Nbr Volunteers | 100 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 2100949 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 2774952 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 11949709 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 12931681 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 686228 | InvestmentIncomePriorYear |
| Investment Income Current Year | 636684 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 138272 | OtherRevenuePriorYear |
| Other Revenue Current Year | 91277 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 14875158 | TotalRevenuePriorYear |
| Total Revenue Current Year | 16434594 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 3376715 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 3716055 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 5676945 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 5697207 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 334000 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 5580714 | OtherExpensePriorYear |
| Other Expenses Current Year | 5909507 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 14634374 | TotalExpensesPriorYear |
| Total Expenses Current Year | 15322769 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 240784 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 1111825 | RevenuesLessExpensesCY |
| Total Assets BOY | 25083662 | TotalAssetsBOY |
| Total Assets EOY | 26758584 | TotalAssetsEOY |
| Total Liabilities BOY | 9416532 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 9085381 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 15667130 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 17673203 | NetAssetsOrFundBalancesEOY |
| Mission Description | TO PROVIDE HIGHER EDUCATION OPPORTUNITIES TO STUDENTS UNDER A COLLEGE DEGREE PROGRAM. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 12359834 | Expense |
| Grants | 3716055 | Grants |
| Revenue | 9506249 | Revenue |
| Description | APPROXIMATELY 677 STUDENTS FOR THE FALL SEMESTER AND 581 STUDENTS FOR THE SPRING SEMESTER WERE PROVIDED COLLEGE LEVEL COURSES LEADING TO AN ASSOCIATES DEGREE AND THE AND THE OPPERTUNITY TO TRANSFER COURSES TO OTHER INSTITUTIONS OF HIGHER LEARNING. | Description |
| Total Program Service Expense | 12359834 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 1 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 30 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 341 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 29 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 29 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 0 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BELINDA FAULKNER | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 9194973207 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 501 N MAIN STREET | AddressLine1 |
| City | LOUISBURG | City |
| State | NC | State |
| ZIP Code | 27549 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (32 entries)
| TitleTitle | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Average Hours Per WeekAverageHoursPerWeek | OfficerOfficer |
|---|---|---|---|---|---|---|
| LUCY ALLEN | ||||||
| TRUSTEE | X | 0 | 0 | 0 | ||
| ANN BOWEN | ||||||
| TRUSTEE | X | 0 | 0 | 0 | ||
| THOMAS L BLALOCK | ||||||
| TRUSTEE | X | 0 | 0 | 0 | ||
| DR WILLIAM JOHN CAMERON | ||||||
| TRUSTEE | X | 0 | 0 | 0 | ||
| MICHAEL W BODDIE | ||||||
| TRUSTEE | X | 0 | 0 | 0 | ||
| WILLIAM R CROSS | ||||||
| TRUSTEE | X | 0 | 0 | 0 | ||
| DAVID DEBERRY | ||||||
| TRUSTEE | X | 0 | 0 | 0 | ||
| WILLIAM H DOVE | ||||||
| TRUSTEE | X | 0 | 0 | 0 | ||
| KIM SPIVEY | ||||||
| TRUSTEE | X | 0 | 0 | 0 | ||
| JOHN HATCHER | ||||||
| TRUSTEE | X | 0 | 0 | 0 | ||
| RAYMOND B HODGES | ||||||
| TRUSTEE | X | 0 | 0 | 0 | ||
| SEYMOUR HOLT | ||||||
| TRUSTEE | X | 0 | 0 | 0 | ||
| ROBERT L JONES | ||||||
| TRUSTEE | X | 0 | 0 | 0 | ||
| BILLY MERRITT | ||||||
| TRUSTEE | X | 0 | 0 | 0 | ||
| BETH M NORRIS | ||||||
| TRUSTEE | X | 0 | 0 | 0 | ||
| RUSSELL ODOM | ||||||
| TRUSTEE | X | 0 | 0 | 0 | ||
| ELY J PERRY III | ||||||
| TRUSTEE | X | 0 | 0 | 0 | ||
| FRED ROBERSON | ||||||
| TRUSTEE | X | 0 | 0 | 0 | ||
| SUE C ROBERTSON | ||||||
| TRUSTEE | X | 0 | 0 | 0 | ||
| JOHN F STROTMEYER | ||||||
| TRUSTEE | X | 0 | 0 | 0 | ||
| C BOYD STURGES | ||||||
| TRUSTEE | X | 0 | 0 | 0 | ||
| ROGER G TAYLOR | ||||||
| TRUSTEE | X | 0 | 0 | 0 | ||
| JAMES P WEST | ||||||
| TRUSTEE | X | 0 | 0 | 0 | ||
| WILLIAM C SHELTON | ||||||
| TRUSTEE | X | 0 | 0 | 0 | ||
| MARK D LABRANCHE | ||||||
| PRESIDENT | 165000 | 0 | 63420 | 40.00 | X | |
| JIM ECK | ||||||
| VP OF ADADEMIC AFFAIRS | 97500 | 0 | 15531 | 40.00 | X | |
| BELINDA FAULKNER | ||||||
| VP OF FINANCE | 90000 | 0 | 21327 | 40.00 | X | |
| JASON MODLIN | ||||||
| VP OF STUDENT LIFE | 0 | 0 | 0 | 40.00 | X | |
| CHARLES SLOAN | ||||||
| INSTITUTIONAL RESEARCHER | 0 | 0 | 0 | 40.00 | X | |
| JOHN LENTZ | ||||||
| EX-OFFICIO | 0 | 0 | 0 | X | ||
| DIETRA HOLLOMAN | ||||||
| EX-OFFICIO | 0 | 0 | 0 | X | ||
| REV JON STROTHER | ||||||
| EX-OFFICIO | 0 | 0 | 0 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 352500 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 100278 | TotalOtherCompensation |
| Number Individuals GT100 K | 1 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| ATHENA HOUSING | |||||
| 354 COOL SPRINGS BLVD | FRANKLIN | TN | 37067 | HOUSING | 2199388 |
| CHARTWELLS | |||||
| PO BOX 91337 | CHICAGO | IL | 60693 | FOOD SERVICE | 1329684 |
| NATIONAL MANAGEMENT RESOURCES | |||||
| PO BOX 1224 | LAGRANGE | GA | 30241 | HOUSEKEEPING/JANITORIAL | 272768 |
| BAKER ROOFING | |||||
| 517 MERCURY ST | RALEIGH | NC | 27611 | ROOFING CONTRACTOR | 169550 |
| MCGLADREY AND PULLEN LLP | |||||
| 111 ROUNDABOUT COURT | ROCKY MOUNT | NC | 27804 | AUDITING & ACCOUNTING | 111555 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 5 | NumberOfContractorsGT100K |
| Government Grants | 740649 | GovernmentGrants |
| All Other Contributions | 2034303 | AllOtherContributions |
| Total Contributions | 2774952 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | ExclusionExclusionAmount |
|---|---|---|---|---|
| TUITION AND FEES | 611710 | 9255926 | 9255926 | |
| AUXILIARY ENTERPRISES | 611710 | 3675755 | $3,675,755 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 12931681 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 386361 | TotalRevenueColumn |
| Exclusion | $386,361 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 63782 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 63782 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 63782 | TotalRevenueColumn |
| Exclusion | $63,782 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 5859669 | Securities |
| Other | 1775 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 5608257 | Securities |
| Other | 2864 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 251412 | Securities |
| Other | -1089 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 250323 | TotalRevenueColumn |
| Related Or Exempt Function Income | 250323 | RelatedOrExemptFunctionIncome |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | TICKET SALES | Description |
| Business Code | 711300 | BusinessCode |
| Total Revenue Column | 27495 | TotalRevenueColumn |
| Exclusion | $27,495 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 27495 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 16434594 | TotalRevenueColumn |
| Related Or Exempt Function Income | 9506249 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $4,153,393 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3716055 | Total |
| Program Services | 3716055 | ProgramServices |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4528483 | Total |
| Program Services | 3617980 | ProgramServices |
| Management And General | 576503 | ManagementAndGeneral |
| Fundraising | 334000 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 423150 | Total |
| Program Services | 179510 | ProgramServices |
| Management And General | 243640 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 384322 | Total |
| Program Services | 310502 | ProgramServices |
| Management And General | 73820 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 361252 | Total |
| Program Services | 305212 | ProgramServices |
| Management And General | 56040 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 132021 | Total |
| Management And General | 132021 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 78564 | Total |
| Program Services | 370 | ProgramServices |
| Management And General | 78194 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 92020 | Total |
| Program Services | 45425 | ProgramServices |
| Management And General | 46595 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 153714 | Total |
| Program Services | 60606 | ProgramServices |
| Management And General | 93108 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 750312 | Total |
| Program Services | 676344 | ProgramServices |
| Management And General | 73968 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 163563 | Total |
| Program Services | 150183 | ProgramServices |
| Management And General | 13380 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 163858 | Total |
| Program Services | 27843 | ProgramServices |
| Management And General | 136015 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 603149 | Total |
| Program Services | 602808 | ProgramServices |
| Management And General | 341 | ManagementAndGeneral |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| FOOD SERVICES | 1233825 | 1233825 | |
| REPAIRS/MAINTENANCE | 758815 | 410698 | 348117 |
| SUPPLIES | 378061 | 358416 | 19645 |
| INSURANCE | 315240 | 209534 | 105706 |
| BAD DEBTS | 257075 | 257075 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 829290 | Total |
| Program Services | 454523 | ProgramServices |
| Management And General | 374767 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15322769 | Total |
| Program Services | 12359834 | ProgramServices |
| Management And General | 2628935 | ManagementAndGeneral |
| Fundraising | 334000 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2350 | BOY |
| EOY | 4624 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1143473 | BOY |
| EOY | 2536900 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 773401 | BOY |
| EOY | 636849 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 920334 | BOY |
| EOY | 807725 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 890904 | BOY |
| EOY | 700120 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 387642 | BOY |
| EOY | 426476 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26636 | BOY |
| EOY | 59310 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 20882211 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 10126883 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10263699 | BOY |
| EOY | 10755328 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9467785 | BOY |
| EOY | 9541887 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 822952 | BOY |
| EOY | 904879 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 384486 | BOY |
| EOY | 384486 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 25083662 | BOY |
| EOY | 26758584 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 687872 | BOY |
| EOY | 699716 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6256852 | BOY |
| EOY | 6266081 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2471808 | BOY |
| EOY | 2119584 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9416532 | BOY |
| EOY | 9085381 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4843179 | BOY |
| EOY | 5793196 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1781773 | BOY |
| EOY | 2294242 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9042178 | BOY |
| EOY | 9585765 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15667130 | BOY |
| EOY | 17673203 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 25083662 | BOY |
| EOY | 26758584 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 1111825 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 894248 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 10689772 | BeginningOfYearBalance |
| Contributions | 429644 | Contributions |
| Investment Earnings Or Losses | 1142134 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 460562 | GrantsOrScholarships |
| Administrative Expenses | 45474 | AdministrativeExpenses |
| End Of Year Balance | 11755514 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 9953571 | BeginningOfYearBalance |
| Contributions | 57075 | Contributions |
| Investment Earnings Or Losses | 1121847 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 394602 | GrantsOrScholarships |
| Administrative Expenses | 48119 | AdministrativeExpenses |
| End Of Year Balance | 10689772 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 9736561 | BeginningOfYearBalance |
| Contributions | 138389 | Contributions |
| Investment Earnings Or Losses | -303379 | InvestmentEarningsOrLosses |
| Administrative Expenses | 18000 | AdministrativeExpenses |
| End Of Year Balance | 9553571 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.03500 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.15000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.81500 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 1 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 248574 | InvestmentCostOrOtherBasis |
| Book Value | 248574 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 12832228 | InvestmentCostOrOtherBasis |
| Depreciation | 5204555 | Depreciation |
| Book Value | 7627673 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 7801409 | InvestmentCostOrOtherBasis |
| Depreciation | 4922328 | Depreciation |
| Book Value | 2879081 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 10755328 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| AGENCY FUNDS | $338,115 |
| REFUNDABLE ADVANCES | $579,262 |
| LIABLITY FOR PENSION BENEFITS | $1,202,207 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 2119584 | TotalOfAmounts |
| Total Revenue | 16434594 | TotalRevenue |
| Total Expenses | 15322769 | TotalExpenses |
| Excess Or Deficit For Year | 1111825 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 533222 | NetUnrealizedGLOnInvestments |
| Other | $361,026 | OtherAmount |
| Total Adjustments | 894248 | TotalAdjustments |
| Excess Or Deficit Per FS | 2006073 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 12542417 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 533222 | NetUnrealizedGainsInvestments |
| Other Revenues | 1089 | OtherRevenues |
| Revenue Not Rptd F990 | 534311 | RevenueNotRptdF990 |
| Revenue Subtotal | 12008106 | RevenueSubtotal |
| Investment Expenses Not Included | 44541 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | 4381947 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 4426488 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 16434594 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 11563262 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 1089 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 1089 | ExpensesNotRptdF990 |
| Expenses Subtotal | 11562173 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 44541 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 3716055 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 3760596 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 15322769 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (7 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: | PART V, LINE 4: | TO PROVIDE STUDENT SCHOLARSHIPS. |
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | MANAGEMENT EVALUATED THE COLLEGES TAX POSITIONS AND CONCLUDED THAT THE COLLEGE HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD'S (FASB) GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. WITH FEW EXCEPTIONS, THE COLLEGE IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2007. |
| PART XI, LINE 8 - OTHER ADJUSTMENTS: | CHANGE IN VALUE OF BENEFICIAL INTEREST 81,927. DEFINED BENEFIT PENSION PLAN CHANGES 279,099. | |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | LOSS ON SALE OF EQUIPMENT 1,089. | |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | SCHOLARSHIPS 3,716,055. EXCESS OF INVESTMENT RETURN OVER SPENDING POLICY 665,892. | |
| PART XIII, LINE 2D - OTHER ADJUSTMENTS: | LOSS ON SALE OF EQUIPMENT 1,089. | |
| PART XIII, LINE 4B - OTHER ADJUSTMENTS: | SCHOLARSHIPS 3,716,055. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE | Identifier |
| Return Reference | SCHEDULE E, PART I, LINE 6 | ReturnReference |
| Explanation | THE COLLEGE RECEIVES VARIOUS GRANTS AND AWARDS FROM FEDERAL AND STATE AGENCIES TO ASSIST WITH EDUCATIONAL PROGRAMS. THE AMOUNT OF GOVERNMENT GRANTS (CONTRIBUTIONS) IS INCLUDED ON FORM 990, PART VIII, LINE 1F. | Explanation |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | INSTITUTIONAL SCHOLARSHIPS | TypeOfGrant |
| Number Of Recipients | 511 | NumberOfRecipients |
| Amount Of Cash Grant | 1652377 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: STUDENTS ARE REQUIRED TO COMPLETE A FAFSA. ELIGIBILITY FOR SCHOLARSHIPS IS DETERMINED BY THE APPLICABLE FEDERAL AND STATE GUIDELINES, BY THEIR ACADEMIC CREDENTIALS, ATHLETIC CREDENTIALS, OR FINANCIAL NEED. STUDENTS ARE APPROPRIATELY AWARDED SCHOLARSHIPS IN THE FINANCIAL AID OFFICE AND THE AWARDS ARE TRANSFERRED TO THE STUDENTS' ACCOUNTS IN THE BUSINESS OFFICE. ALL SCHOLARSHIP AND GRANT FUNDS ARE RECONCILED EACH SEMESTER AND REPORTED TO THE APPROPRIATE AUTHORITIES OR AGENCIES. FUNDS ARE ALSO AUDITED ANNUALLY. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | MARK D LABRANCHE | NamePerson |
| Base Compensation Filing Org | 165000 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 0 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 9900 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 53520 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 228420 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | PART I, LINE 1A | ReturnReference |
| Explanation | THE COLLEGE PROVIDES A RESIDENCE AND PAYS COMPENSATION TO THE PRESIDENT OF THE COLLEGE. THE PRESIDENT IS REQUIRED TO LIVE AT THE RESIDENCE. | Explanation |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | RAY HODGES | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | TRUSTEE/INS AGENT | Relationship |
| Amount Of Transaction | 316000 | AmountOfTransaction |
| Description Of Transaction | THE COLLEGE PURCHASED COMMERCIAL, STUDENT, ATHLETIC AND LIABILITY INSURANCE FROM MR. HODGES. THE COLLEGE ACQUIRED COMPETITIVE BIDS FROM OTHER AGENTS AND MR. HODGES WAS THE LOW BIDDER. | DescriptionOfTransaction |
| Sharing Of Revenues | 0 | SharingOfRevenues |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | THE TAX RETURN IS REVIEWED INTERNALLY THEN PRESENTED TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES FOR APPROVAL. THE FINAL RETURN IS PROVIDED TO ALL MEMBERS OF THE GOVERNING BODY ELECTRONICALLY PRIOR TO ITS SUBMISSION TO THE IRS. | |
| LOUISBURG COLLEGE HAS FORMED A STANDING AUDIT COMMITTEE THAT OVERSEES THE CONFLICT OF INTEREST POLICY. EACH BOARD MEMBER IS REMINDED ANNUALLY AT THE FALL BOARD MEETING THAT HE OR SHE IS TO DISCLOSE ANY INTERESTS THAT COULD GIVE RISE TO A CONFLICT. THE ORGANIZATION'S CFO WILL DISCLOSE TO THE AUDIT COMMITTEE ANY INDIVIDUAL BOARD MEMBERS WHO DO BUSINESS WITH THE INSTITUTION. | FORM 990, PART VI, SECTION B, LINE 12C | |
| ALL KEY EMPLOYEES' SALARIES ARE COMPARED WITH DATA FROM SIMILAR PRIVATE COLLEGES BEFORE THE POSITION IS AUTHORIZED. LOUISBURG COLLEGE USES DATA PROVIDED BY THE NORTH CAROLINA INDEPENDENT COLLEGES AND UNIVERSITIES ORGANIZATION WHICH PROVIDES COMPARARIVE DATA BASED ON THE SIZE AND ENROLLMENT OF THE COLLEGE. | FORM 990, PART VI, SECTION B, LINE 15 | |
| LOUISBURG COLLEGE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANICAL STATEMENTS AVAILABLE TO THE PUBLIC IF REQUESTED. REQUESTERS MUST PRESENT THEMSELVES AT THE COLLEGE, STATE THE REASON FOR THE REQUEST, AND PAY FOR PHOTOCOPIES OF THE DOCUMENTS. | FORM 990, PART VI, SECTION C, LINE 19 | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | NET UNREALIZED GAINS ON INVESTMENTS: 533,222. CHANGE IN VALUE OF BENEFICIAL INTEREST 81,927. DEFINED BENEFIT PENSION PLAN CHANGES 279,099. TOTAL TO FORM 990, PART XI, LINE 5: 894,248. | FORM 990, PART XI, LINE 5: |