SHERMAN COLLEGE OF STRAIGHT CHIROPRACTIC INC: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- SHERMAN COLLEGE OF STRAIGHT CHIROPRACTIC INC (EIN 23-7242844)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-06-25
- IRS object ID
- 201201779349300500
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-06-25T08:14:59-05:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NORMAN JOHNSON & CO PA | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 191 N DANIEL MORGAN AVENUE | AddressLine1 |
| City | SPARTANBURG | City |
| State | SC | State |
| ZIP Code | 29306 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237242844 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SHERMAN COLLEGE OF STRAIGHT | BusinessNameLine1 |
| Business Name Line2 | CHIROPRACTIC | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | SHER | NameControl |
| Phone | 8645788770 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1452 | AddressLine1 |
| City | SPARTANBURG | City |
| State | SC | State |
| ZIP Code | 29304 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | TIM REVELS | Name |
| Title | VP OF FINANCE | Title |
| Phone | 8645788770 | Phone |
| Date Signed | 2012-05-03 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | GARY J JOHNSON CPA | Name |
| Phone | 8645738623 | Phone |
| Date Prepared | 2012-05-03 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | TIM REVELS | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1452 | AddressLine1 |
| City | SPARTANBURG | City |
| State | SC | State |
| ZIP Code | 29304 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 7507132 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | HTTP://WWW.SHERMAN.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1973 | YearFormation |
| State Legal Domicile | SC | StateLegalDomicile |
| Activity Or Mission Description | EDUCATE, GRADUATE, AND SUPPORT COMPETENT, COMPASSIONATE, ETHICAL AND SUCCESSFUL DOCTORS OF CHIROPRACTIC WHO EXCEL AS PRIMARY HEALTH CARE PROVIDERS CENTERED ON VERTEBRAL SUBLUXATION. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 8 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 8 | NbrIndependentVotingMembers |
| Total Nbr Employees | 158 | TotalNbrEmployees |
| Total Gross UBI | 0 | TotalGrossUBI |
| Contributions Grants Prior Year | 318829 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 231768 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 4863909 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 4729595 | ProgramServiceRevenueCY |
| Investment Income Prior Year | -183398 | InvestmentIncomePriorYear |
| Investment Income Current Year | 380850 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | -122349 | OtherRevenuePriorYear |
| Other Revenue Current Year | -133857 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 4876991 | TotalRevenuePriorYear |
| Total Revenue Current Year | 5208356 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 398241 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 303525 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 4185993 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 4052955 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 161370 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 1791928 | OtherExpensePriorYear |
| Other Expenses Current Year | 1633817 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 6376162 | TotalExpensesPriorYear |
| Total Expenses Current Year | 5990297 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -1499171 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -781941 | RevenuesLessExpensesCY |
| Total Assets BOY | 12890436 | TotalAssetsBOY |
| Total Assets EOY | 11686867 | TotalAssetsEOY |
| Total Liabilities BOY | 2433090 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 2244612 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 10457346 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 9442255 | NetAssetsOrFundBalancesEOY |
| Mission Description | EDUCATE, GRADUATE, AND SUPPORT COMPETENT, COMPASSIONATE, ETHICAL AND SUCCESSFUL DOCTORS OF CHIROPRACTIC WHO EXCEL AS PRIMARY HEALTH CARE PROVIDERS CENTERED ON VERTEBRAL SUBLUXATION. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 4607074 | Expense |
| Grants | 303525 | Grants |
| Description | EDUCATIONAL SERVICES FOR STRAIGHT CHIROPRACTIC STUDENTS. APPROXIMATELY 174 STUDENTS SERVED ON A FULL-TIME BASIS. PROVIDED EDUCATION SCHOLARSHIPS AND DISCOUNTS TO 65 STUDENTS. VISITS TO HEALTH CENTER TOTALED 14,726. | Description |
| Total Program Service Expense | 4607074 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | true | 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 | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | true | GrantsToIndividuals |
| Schedule J Required | false | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 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 | 12 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 158 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 8 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 8 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | SC | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | TIMOTHY REVELS | NamePerson |
| Telephone Number | 8645788770 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2020 SPRINGFIELD ROAD | AddressLine1 |
| City | BOILING SPRINGS | City |
| State | SC | State |
| ZIP Code | 29316 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (12 entries)
| Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | TitleTitle | OfficerOfficer |
|---|---|---|---|---|---|---|
| MARILEE J KEIM M ED | ||||||
| 5.00 | X | 0 | 0 | 0 | ||
| PETER J KEVORKIAN DC | ||||||
| 5.00 | X | 0 | 0 | 0 | VICE CHAIRMA | X |
| SHANE WALKER DC | ||||||
| 5.00 | X | 0 | 0 | 0 | BOARD MEMBER | |
| MICHAEL LENARZ DC | ||||||
| 5.00 | X | 0 | 0 | 0 | CHAIRMAN | X |
| TODD A PICOU MBA | ||||||
| 5.00 | X | 0 | 0 | 0 | BOARD MEMBER | |
| ALAN BREWSTER DC | ||||||
| 5.00 | X | 0 | 0 | 0 | SECRETARY | X |
| DANIEL KNOWLES III | ||||||
| 5.00 | X | 0 | 0 | 0 | BOARD MEMBER | |
| LIAM SCHUBEL DC | ||||||
| 5.00 | X | 0 | 0 | 0 | BOARD MEMBER | |
| JON SCHWARTZBAUER | ||||||
| 40.00 | 140250 | 0 | 5716 | PRESIDENT | X | |
| TIMOTHY REVELS | ||||||
| 40.00 | 104604 | 0 | 8900 | VP BUSINESS | X | |
| ROBERT IRWIN | ||||||
| 40.00 | 87822 | 0 | 4070 | VP ENROLL/AC | X | |
| KELLY JONES ASHCRAFT | ||||||
| 40.00 | 58625 | 0 | 0 | VP ENROLLMEN | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 391301 | TotalReportableCompFromOrg |
| Total Other Compensation | 18686 | TotalOtherCompensation |
| Number Individuals GT100 K | 2 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | false | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
| Government Grants | 20124 | GovernmentGrants |
| All Other Contributions | 211644 | AllOtherContributions |
| Total Contributions | 231768 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION & FEES | 611430 | 4477956 | 4477956 |
| SALES & SERVICES | 611710 | 117970 | 117970 |
| ORGANIZED ACTIVITIES/ED DEPT | 611430 | 112714 | 112714 |
| MISCELLANEOUS | 611710 | 20955 | 20955 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 4729595 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 273734 | TotalRevenueColumn |
| Exclusion | $273,734 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2125459 | Securities |
| Other | 25477 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2043767 | Securities |
| Other | 53 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 81692 | Securities |
| Other | 25424 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 107116 | TotalRevenueColumn |
| Exclusion | $107,116 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 121099 | GrossSalesOfInventory |
| Cost Of Goods Sold | 254956 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -133857 | TotalRevenueColumn |
| Exclusion | -$133,857 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 5208356 | TotalRevenueColumn |
| Related Or Exempt Function Income | 4729595 | RelatedOrExemptFunctionIncome |
| Exclusion | $246,993 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 303525 | Total |
| Program Services | 303525 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 391301 | Total |
| Program Services | 146447 | ProgramServices |
| Management And General | 244854 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2751679 | Total |
| Program Services | 2286503 | ProgramServices |
| Management And General | 383730 | ManagementAndGeneral |
| Fundraising | 81446 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 655007 | Total |
| Program Services | 510343 | ProgramServices |
| Management And General | 128775 | ManagementAndGeneral |
| Fundraising | 15889 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 254968 | Total |
| Program Services | 199488 | ProgramServices |
| Management And General | 48163 | ManagementAndGeneral |
| Fundraising | 7317 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2983 | Total |
| Management And General | 2983 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 20251 | Total |
| Management And General | 20251 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10000 | Total |
| Management And General | 10000 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 52473 | Total |
| Management And General | 52473 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 319123 | Total |
| Program Services | 224207 | ProgramServices |
| Management And General | 93574 | ManagementAndGeneral |
| Fundraising | 1342 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 23664 | Total |
| Program Services | 22309 | ProgramServices |
| Management And General | 1355 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 69529 | Total |
| Program Services | 40007 | ProgramServices |
| Management And General | 22537 | ManagementAndGeneral |
| Fundraising | 6985 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 108394 | Total |
| Program Services | 61950 | ProgramServices |
| Management And General | 46444 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 91310 | Total |
| Program Services | 74128 | ProgramServices |
| Management And General | 16474 | ManagementAndGeneral |
| Fundraising | 708 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 66880 | Total |
| Program Services | 56942 | ProgramServices |
| Management And General | 9938 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6823 | Total |
| Program Services | 6326 | ProgramServices |
| Management And General | 436 | ManagementAndGeneral |
| Fundraising | 61 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 275944 | Total |
| Program Services | 255865 | ProgramServices |
| Management And General | 17636 | ManagementAndGeneral |
| Fundraising | 2443 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 49831 | Total |
| Program Services | 46205 | ProgramServices |
| Management And General | 3185 | ManagementAndGeneral |
| Fundraising | 441 | Fundraising |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| SPECIAL PROGRAMS & EVENTS | 176985 | 168095 | 1749 | 7141 |
| SUPPLIES | 79015 | 52880 | 25006 | 1129 |
| EQUIP RENTAL & MAINTENANC | 68825 | 62512 | 5738 | 575 |
| OTHER | 64140 | 28852 | 35288 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 147647 | Total |
| Program Services | 89342 | ProgramServices |
| Management And General | 57700 | ManagementAndGeneral |
| Fundraising | 605 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5990297 | Total |
| Program Services | 4607074 | ProgramServices |
| Management And General | 1221853 | ManagementAndGeneral |
| Fundraising | 161370 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 514017 | BOY |
| EOY | 981001 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 579225 | BOY |
| EOY | 599371 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 58074 | BOY |
| EOY | 40737 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 34596 | BOY |
| EOY | 2739 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1200302 | BOY |
| EOY | 936020 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 129631 | BOY |
| EOY | 104486 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 53354 | BOY |
| EOY | 50787 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 7149013 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 3734461 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3677076 | BOY |
| EOY | 3414552 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6607430 | BOY |
| EOY | 5518809 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26731 | BOY |
| EOY | 28365 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10000 | BOY |
| EOY | 10000 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12890436 | BOY |
| EOY | 11686867 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 209955 | BOY |
| EOY | 246592 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9657 | BOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 245549 | BOY |
| EOY | 31479 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1967929 | BOY |
| EOY | 1966541 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2433090 | BOY |
| EOY | 2244612 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9045920 | BOY |
| EOY | 8081703 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 554220 | BOY |
| EOY | 516938 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 857206 | BOY |
| EOY | 843614 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10457346 | BOY |
| EOY | 9442255 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12890436 | BOY |
| EOY | 11686867 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | -781941 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -233150 | 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 C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form4720 Filed4955 Tax | false | Form4720Filed4955Tax |
| Correction Made | false | CorrectionMade |
| Form1120 Pol Filed | false | Form1120PolFiled |
Total Direct Lobbying TotalDirectLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 10000 | FilingOrganizationsTotals |
Total Lobbying Expenditures TotalLobbyingExpenditures
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 10000 | FilingOrganizationsTotals |
Other Exempt Purpose Expenditures OtherExemptPurposeExpenditures
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 5892626 | FilingOrganizationsTotals |
Total Exempt Purpose Expenditures TotalExemptPurposeExpenditures
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 5902626 | FilingOrganizationsTotals |
Lobbying Nontaxable LobbyingNontaxableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 445131 | FilingOrganizationsTotals |
Grassroots Nontaxable GrassrootsNontaxableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 111283 | FilingOrganizationsTotals |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form4720 Filed | false | Form4720Filed |
Lobbying Nontaxable Amount2 LobbyingNontaxableAmount2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | 518315 | CurrentYearMinus3 |
| Current Year Minus2 | 490080 | CurrentYearMinus2 |
| Current Year Minus1 | 461428 | CurrentYearMinus1 |
| Current Year | 445131 | CurrentYear |
| Total | 1914954 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Lobbying Ceiling | $2,872,431 | LobbyingCeilingAmount |
Total Lobbying Expenditures2 TotalLobbyingExpenditures2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | 48000 | CurrentYearMinus3 |
| Current Year Minus2 | 56000 | CurrentYearMinus2 |
| Current Year Minus1 | 10000 | CurrentYearMinus1 |
| Current Year | 10000 | CurrentYear |
| Total | 124000 | Total |
Grassroots Nontaxable Amount2 GrassrootsNontaxableAmount2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | 129579 | CurrentYearMinus3 |
| Current Year Minus2 | 122520 | CurrentYearMinus2 |
| Current Year Minus1 | 115357 | CurrentYearMinus1 |
| Current Year | 111283 | CurrentYear |
| Total | 478739 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grassroots Ceiling | $718,109 | GrassrootsCeilingAmount |
| Volunteers | false | Volunteers |
| Paid Staff Or Management | false | PaidStaffOrManagement |
| Media Advertisements | false | MediaAdvertisements |
| Mailings Members | false | MailingsMembers |
| Publications Or Broadcast | false | PublicationsOrBroadcast |
| Grants Other Organizations | false | GrantsOtherOrganizations |
| Direct Contact Legislators | false | DirectContactLegislators |
| Rallies Demonstrations | false | RalliesDemonstrations |
| Other Activities | false | OtherActivities |
| Not Described In501c3 | false | NotDescribedIn501c3 |
| Form4720 Filed4912 Tax | false | Form4720Filed4912Tax |
| Substantially All Dues Nondeduct | false | SubstantiallyAllDuesNondeduct |
| Only In House Lobbying | false | OnlyInHouseLobbying |
| Agree To Carryover Prior Year | false | AgreeToCarryoverPriorYear |
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 | 927230 | BeginningOfYearBalance |
| Contributions | 2750 | Contributions |
| Investment Earnings Or Losses | -25706 | InvestmentEarningsOrLosses |
| Other Expenditures | 10747 | OtherExpenditures |
| Administrative Expenses | 8094 | AdministrativeExpenses |
| End Of Year Balance | 885433 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 837476 | BeginningOfYearBalance |
| Contributions | 8175 | Contributions |
| Investment Earnings Or Losses | 96991 | InvestmentEarningsOrLosses |
| Other Expenditures | 8299 | OtherExpenditures |
| Administrative Expenses | 7113 | AdministrativeExpenses |
| End Of Year Balance | 927230 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 682127 | BeginningOfYearBalance |
| Contributions | 4550 | Contributions |
| Investment Earnings Or Losses | 165920 | InvestmentEarningsOrLosses |
| Other Expenditures | 10369 | OtherExpenditures |
| Administrative Expenses | 4752 | AdministrativeExpenses |
| End Of Year Balance | 837476 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 960557 | BeginningOfYearBalance |
| Contributions | 12486 | Contributions |
| Investment Earnings Or Losses | -266743 | InvestmentEarningsOrLosses |
| Other Expenditures | 17134 | OtherExpenditures |
| Administrative Expenses | 7039 | AdministrativeExpenses |
| End Of Year Balance | 682127 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.04730 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.95270 | PermanentEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | false | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
| Are Related Orgs Listed Schedule R | false | AreRelatedOrgsListedScheduleR |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 181634 | OtherCostOrOtherBasis |
| Book Value | 181634 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2880204 | OtherCostOrOtherBasis |
| Depreciation | 1262333 | Depreciation |
| Book Value | 1617871 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2438442 | OtherCostOrOtherBasis |
| Depreciation | 2067899 | Depreciation |
| Book Value | 370543 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1648733 | OtherCostOrOtherBasis |
| Depreciation | 404229 | Depreciation |
| Book Value | 1244504 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 3414552 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| REFUNDABLE GOVERNMENT LOANS | $1,247,962 |
| CHARITABLE GIFT ANNUITIES PAYABLE | $718,579 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 1966541 | TotalOfAmounts |
| Total Revenue | 5208356 | TotalRevenue |
| Total Expenses | 5990297 | TotalExpenses |
| Excess Or Deficit For Year | -781941 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -263405 | NetUnrealizedGLOnInvestments |
| Other | $30,255 | OtherAmount |
| Total Adjustments | -233150 | TotalAdjustments |
| Excess Or Deficit Per FS | -1015091 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 4887537 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -263405 | NetUnrealizedGainsInvestments |
| Other Revenues | 255009 | OtherRevenues |
| Revenue Not Rptd F990 | -8396 | RevenueNotRptdF990 |
| Revenue Subtotal | 4895933 | RevenueSubtotal |
| Other Revenues Not Included | 312423 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 312423 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 5208356 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 5902628 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 224754 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 224754 | ExpensesNotRptdF990 |
| Expenses Subtotal | 5677874 | ExpensesSubtotal |
| Other Expenses Not Included | 312423 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 312423 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 5990297 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (7 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| INTENDED USES FOR ENDOWMENT FUNDS | SCHEDULE D, PAGE 2, PART V, LINE 4 | SHERMAN COLLEGE OF STRAIGHT CHIROPRACTIC, INC.'S ENDOWMENT CONSISTS OF NINE INDIVIDUAL FUNDS ESTABLISHED PRIMARILY FOR SCHOLARSHIP AND OPERATING PURPOSES. ITS ENDOWMENT CONSISTS OF DONOR-RESTRICTED AND BOARD-DESIGNATED ENDOWMENT FUNDS. AS REQUIRED BY UNITED STATES GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE OBJECTIVE OF THE COLLEGE'S ENDOWMENT SPENDING POLICY IS TO PROVIDE A STEADY, GROWING INCOME STREAM TO SUPPORT COLLEGE PROGRAMS WHILE PROVIDING SUFFICIENT REINVESTMENT TO PROTECT THE ENDOWMENT FROM INFLATION. ENDOWMENT SPENDING IS LIMITED TO FIVE (5) PERCENT OF THE THREE-YEAR MOVING AVERAGE OF THE MARKET VALUE OF ALL ENDOWMENT FUNDS DETERMINED AS OF DECEMBER 31 OF EACH YEAR. |
| LIABILITY UNDER FIN 48 FOOTNOTE | SCHEDULE D, PAGE 3, PART X | THE COLLEGE BELIEVES THAT IT IS MORE LIKELY THAN NOT THAT ANY SIGNIFICANT TAX POSITIONS WOULD BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES AND IT HAS NOT BEEN SUBJECTED TO SUCH EXAMINATIONS. TAX YEARS ENDING DECEMBER 31, 2008, 2009, AND 2010 REMAIN SUBJECT TO EXAMINATION BY THE TAXING AUTHORITIES. |
| RECONCILIATION OF CHANGES - OTHER | SCHEDULE D, PAGE 4, PART XI, LINE 8 | DIRECT EXPENSES 254,956 GAIN/LOSS ON DISPOSAL OF FIXED ASSETS 53 SCHOLARSHIPS GRANTED TO STUDENTS -303,525 INVESTMENT FEES NETTED WITH INCOME -8,898 DIRECT EXPENSES -254,956 GAIN/LOSS OF DISPOSAL OF FIXED ASSETS -53 BAD DEBT 30,256 SCHOLARSHIPS GRANTED TO STUDENTS 303,525 INVESTMENT EXPENSES NETTED WITH INCOME 8,898 BOOK / TAX DEPRECIATION DIFFERENCE -1 |
| REVENUE AMOUNTS INCLUDED IN FINANCIALS - OTHER | SCHEDULE D, PAGE 4, PART XII, LINE 2D | DIRECT EXPENSES 254,956 GAIN/LOSS ON DISPOSAL OF FIXED ASSETS 53 |
| REVENUE AMOUNTS INCLUDED ON RETURN - OTHER | SCHEDULE D, PAGE 4, PART XII, LINE 4B | SCHOLARSHIPS GRANTED TO STUDENTS 303,525 INVESTMENT FEES NETTED WITH INCOME 8,898 |
| EXPENSE AMOUNTS INCLUDED IN FINANCIALS - OTHER | SCHEDULE D, PAGE 4, PART XIII, LINE 2D | DIRECT EXPENSES 254,956 GAIN/LOSS OF DISPOSAL OF FIXED ASSETS 53 BAD DEBT -30,256 BOOK / TAX DEPRECIATION DIFFERENCE 1 |
| EXPENSE AMOUNTS INCLUDED ON RETURN - OTHER | SCHEDULE D, PAGE 4, PART XIII, LINE 4B | SCHOLARSHIPS GRANTED TO STUDENTS 303,525 INVESTMENT EXPENSES NETTED WITH INCOME 8,898 |
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 | true | 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 PARTICIPATES IN VARIOUS FEDERAL STUDENT FINANCIAL ASSISTANCE PROGRAMS UNDER TITLE IV OF THE HIGHER EDUCATION ACT OF 1965 AS AMENDED IN ACCORDANCE WITH THE PROGRAM PARTICIPATION AGREEMENT ENTERED INTO WITH THE US DEPARTMENT OF EDUCATION IN JULY 1995 THE COLLEGES PRIMARY REGIONAL ACCREDITATION AGENCY SACS REMOVED THE COLLEGE FROM MEMBERSHIP WITH THE COMMISSION ON COLLEGES OF THE ASSOCIATION FOR FAILURE TO COMPLY WITH CRITERIA SECTION 14 CONDITION OF ELIGIBILITY THIRTEEN FINANCIAL RESPONSIBILITY AND SECTION 631 FINANCIAL RESOURCES THEREFORE THE COLLEGE WAS NO LONGER CONSIDERED ELIGIBLE TO PARTICIPATE IN THE TITLE IV PROGRAMS BY THE DEPARTMENT OF EDUCATION ED IN AN AGREEMENT REACHED WITH ED THE COLLEGE WAS ALLOWED TO REAPPLY FOR ELIGIBILITY EFFECTIVE APRIL 25 1996 BASED ON ITS ACCREDITATION STATUS WITH THE COMMISSION ON ACCREDITATION OF THE COUNCIL ON CHIROPRACTIC EDUCATION CCE THE CCE IS RECOGNIZED BY ED AS A RELIABLE AUTHORITY AS TO THE QUALITY OF EDUCATION OR TRAINING OFFERED BY AN INSTITUTION THE COMMISSION EVALUATED THE COLLEGE AND DETERMINED BASED ON ITS FINANCIAL CRITERIA THAT THE COLLEGE MET ITS CRITERIA AND WAS FINANCIALLY STABLE FOR PURPOSES OF ACCREDITATION THE COLLEGE SUCCESSFULLY REAPPLIED FOR TITLE IV ELIGIBILITY EFFECTIVE APRIL 25 1996 THE COLLEGE HAS SUCCESSFULLY REAPPLIED FOR MEMBERSHIP WITH SACS CURRENTLY THE COLLEGE IS DUALLY ACCREDITED BY BOTH SACS REGIONAL ACCREDITATION AND CCE PROGRAMMATIC ACCREDITATION | Explanation |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII (17 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant |
|---|---|---|
| REX KASLER | 1 | 6620 |
| OUTSTANDING STUDENT | 1 | 500 |
| YORK HEALTH CENTER SCHOLA | 1 | 200 |
| ACADEMIC ACHIEVEMENT | 1 | 500 |
| FAMILY DISCOUNT | 6 | 7089 |
| INTERNATIONAL SCHOLARSHIP | 12 | 174309 |
| ALUMNI SCHOLARSHIP | 6 | 3000 |
| LEGACY SCHOLARSHIP | 8 | 8100 |
| MARRIAGE DISCOUNT | 6 | 25592 |
| LYLE & EULA SHERMAN | 1 | 500 |
| GARFUNKEL SCHOLARSHIP | 2 | 1600 |
| CITIZENSHIP SCHOLARSHIP | 1 | 300 |
| PRESIDENT SCHOLARSHIP | 5 | 15500 |
| LIFE INSURANCE | 1 | 11929 |
| LENFEST SCHOLARSHIP | 4 | 40000 |
| MISCELLANEOUS | 8 | 7286 |
| BJ PALMER | 1 | 500 |
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 | THE COLLEGE THROUGH ITS FINANCIAL AID OFFICE MAINTAINS RECORDS TO SUBSTANTIATE AMOUNTS, ELIGIBILITY, AND SELECTION CRITERIA USED FOR SCHOLARSHIPS. THE COLLEGE MONITORS THE ASSISTANCE BY REVIEWING GRADE TRANSCRIPTS AND ATTENDANCE RECORDS ON A QUARTERLY BASIS. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 | FORM 990, PAGE 6, PART VI, LINE 11B | THE COMPLETED FORM 990 IS PROVIDED TO THE FINANCE AND AUDIT COMMITTEE ELECTRONICALLY PRIOR TO ITS ANNUAL MEETING EACH MAY. PRIOR TO THE FULL BOARD MEETING, THE FINANCE AND AUDIT COMMITTEE REVIEWS THE FORM WITH THE VP FOR BUSINESS & FINANCE. THE CHAIRPERSON OF THE AUDIT & FINANCE COMMITTEE REPORTS AND MAKES ANY RECOMMENDATIONS PRIOR TO APPROVAL BY THE FULL BOARD. THE AUDITED FINANCIAL STATEMENTS ARE PRESENTED TO THE FULL BOARD DURING THE MEETING AND AT THAT TIME, ANY REMAINING QUESTIONS ARE RESOLVED BY THE AUDIT PARTNER OR THE VP FOR BUSINESS & FINANCE. |
| ENFORCEMENT OF CONFLICTS POLICY | FORM 990, PAGE 6, PART VI, LINE 12C | THE COLLEGE REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY. AT EACH BI-ANNUAL ON-SITE BOARD OF TRUSTEE MEETING, EACH TRUSTEE SIGNS A CODE OF CONDUCT CERTIFICATION. AS A PART OF THIS DOCUMENT, EACH TRUSTEE ACKNOWLEDGES THE TRUSTEE CODE OF CONDUCT AND THE CONFLICT OF INTEREST POLICIES CERTIFYING THERE ARE NO FINANCIAL INTERESTS OR AFFILIATIONS WITH ANY ORGANIZATION WHICH MAY HAVE INTERESTS THAT CONFLICT WITH, OR APPEAR TO CONFLICT WITH THE BEST INTERESTS OF SHERMAN COLLEGE. THE TRUSTEE ALSO AGREES TO REPORT PROMPTLY TO THE BOARD CHAIR ANY FUTURE SITUATION THAT MIGHT APPEAR TO INVOLVE A POTENTIAL CONFLICT. |
| COMPENSATION PROCESS FOR TOP OFFICIAL | FORM 990, PAGE 6, PART VI, LINE 15A | COMPENSATION FOR THE COLLEGES' PRESIDENT, OFFICERS AND KEY EMPLOYEES ARE REVIEWED AND SUBSTANTIATED BY COMPARABILITY DATA. THE COLLEGE UTILIZES DATA FROM VARIOUS SOURCES INCLUDING THE ASSOCIATION OF CHIROPRACTIC COLLEGES WHO SURVEYS THE COMPENSATION PACKAGES OF COLLEGE PRESIDENTS AND KEY EMPLOYEES ANNUALLY. |
| COMPENSATION PROCESS FOR OFFICERS | FORM 990, PAGE 6, PART VI, LINE 15B | COMPENSATION FOR THE COLLEGES' PRESIDENT, OFFICERS AND KEY EMPLOYEES ARE REVIEWED AND SUBSTANTIATED BY COMPARABILITY DATA. THE COLLEGE UTILIZES DATA FROM VARIOUS SOURCES INCLUDING THE ASSOCIATION OF CHIROPRACTIC COLLEGES WHO SURVEYS THE COMPENSATION PACKAGES OF COLLEGE PRESIDENTS AND KEY EMPLOYEES ANNUALLY. |
| GOVERNING DOCUMENTS DISCLOSURE EXPLANATION | FORM 990, PAGE 6, PART VI, LINE 19 | THE COLLEGE PUBLISHES ITS CORPORATE CHARTER, BY-LAWS, CONFLICT OF INTEREST POLICY, BOARD OF TRUSTEE CODE OF CONDUCT AND MINUTES OF THE BOARD OF TRUSTEE MEETINGS ON ITS INTRANET. THE INTRANET IS AVAILABLE TO STUDENTS, EMPLOYEES AND BOARD OF TRUSTEE MEMBERS. DETAILED FINANCIAL STATEMENTS ARE NOT PUBLISHED FOR PUBLIC REVIEW. SUMMARY OPERATING BUDGETS ARE PROVIDED ANNUALLY TO THE FACULTY, STAFF & OFFICERS OF THE STUDENT GOVERNMENT. ADDITIONAL COPIES OF THE BUDGET SUMMARY ARE ALSO AVAILABLE IN THE BUSINESS OFFICE. |