2011-11-14T15:53:18-06:00 2011-06-30 Capin Crouse LLP 972 Emerson Parkway STE A Greenwood IN 46143 990 2010-07-01 370681530 Greenville College GREE 6186647010 315 East College Avenue Greenville IL 62246 Dana Funderburk 6186647010 2011-11-14 1 Dave Moja 3178852620 2010 2016-03-07 17:11:31Z Larry Linamen 315 East College Avenue Greenville IL 62246 38846081 0 X www.greenville.edu X 1892 IL To transform students for lives of character and service through a Christ-centered education 19 17 998 310 24919 -19469 2085983 3028642 30879307 33331170 155175 686303 196734 40866 33317199 37086981 9000812 9597648 0 0 13271583 13680846 0 0 345274 9190579 10639533 31462974 33918027 1854225 3168954 36473659 55067808 14760713 13513615 21712946 41554193 Greenville College empowers students for lives of character and service through a transforming Christ-centered education in the liberal arts, sciences, and professional studies. 0 0 27410002 9597648 27429955 UNDERGRADUATE AND GRADUATE LEVEL EDUCATION SERVICES-Instruction, scholarships, and other student services-classes are held for approximately 1,600 students. Faculty, instruction, equipment and supplies are provided for the classroom and library. Students are awarded scholarships on the basis of need and academic achievement. Student support services are provided, such as student development, religious life, student organizations and other miscellaneous student activities. 2232645 0 5876296 AUXILIARY SERVICES -Food service, bookstore and residence halls are maintained for the students 29642647 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 1 0 1 1 0 0 0 1 0 0 0 0 1 2414 0 998 1 1 1 0 0 0 0 1 1 0 0 0 0 X 19 17 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X Greenville College-Dana Funderburk 6186647010 315 East College Ave Greenville IL 62246 Robert Bastian 1.00 X 0 0 0 Patricia Burd 1.00 X 0 0 0 James Claussen 7110-53111 1.00 X 0 0 0 David Colgan 3.00 X X 0 0 0 Howard Costley 1.00 X 0 0 0 Dan Denbo 1.00 X 0 0 0 Dennis Fenton 1.00 X 0 0 0 David Fisher 1.00 X 0 0 0 Lloyd Ganton 1.00 X 0 0 0 Jerry Hood 3.00 X X 0 0 0 Paul Killinger 1.00 X 0 0 0 Charles McPherson 1.00 X 0 0 0 Doug Newton 1.00 X 0 0 0 Richard Schien 1.00 X 0 0 0 Marjorie Smith 7110-53111 1.00 X 0 0 0 Rebecca Smith 6.00 X X 0 0 0 Robert Stroud 7110-53111 1.00 X 0 0 0 Barry Swanson 7110-53111 1.00 X 0 0 0 Craig Tidball 1.00 X 0 0 0 Melissa Westover 1.00 X 0 0 0 Mark Whitlock 3.00 X X 0 0 0 Donald Wolf 1.00 X 0 0 0 Jeffrey Johnson 1.00 X 0 0 0 Larry Linamen 40.00 X 177954 0 40677 Dana Funderburk 40.00 X 96355 0 14067 Randall Bergen 40.00 X 100335 0 16623 William Krause 40.00 X 107898 0 7101 482542 0 78468 3 0 1 0 Sodexo Inc 9801 Washingtonian Blvd Gaithersburg MD 20878 Food service 1464633 Perfect Play Fields & Links PO Box 24006 Belleville IL 62226 Construction 348200 Whelan Group 4129 Commercial Center Dr Austin TX 78744 Marketing 103545 3 14820 935724 2078098 491321 3028642 Tuition and fees 900099 27429955 27429955 Auxiliary enterprises 900099 5583910 5583910 Other program revenue 900099 292386 292386 Sports training Ctr 713940 24919 24919 33331170 535413 535413 10341 1011 9330 9330 9330 1903117 1752227 150890 150890 150890 8007 14820 5862 2145 2145 Penalty/fine revenue 900099 29391 29391 29391 37086981 33306251 24919 727169 9597648 9597648 325367 263239 44930 17198 193744 91199 15566 86979 10186283 8679616 1481465 25202 442705 371697 63442 7566 1853549 1573828 268626 11095 679198 571718 97583 9897 40346 34464 5882 80181 68491 11690 70090 59871 10219 724268 618671 105597 345891 295461 50430 1596733 1294714 220986 81033 385200 298744 50991 35465 1074786 890929 152067 31790 462980 390127 66588 6265 24261 20724 3537 62560 52591 8976 993 1630409 1370689 233954 25766 185067 158085 26982 Food service 1432356 1223521 208835 Student services 954561 815388 139173 Repairs + maintenance 466354 398361 67993 Memberships 136325 116449 19876 Bad debt 96690 82593 14097 870475 303829 560621 6025 33918027 29642647 3930106 345274 7060694 11262443 505213 529461 1695968 1653515 70895 50118963 22941796 26228763 27177167 13473979 672979 620987 310042 279361 36473659 55067808 1576594 2760866 1531821 1538376 1023333 905999 7585000 7430000 3043965 878374 14760713 13513615 X 21375407 23497027 -93763 4253142 431302 13804024 21712946 41554193 36473659 55067808 X 3168954 16672293 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X X ART EDUCATION 0 431302 11640341 2015855 190658 41636 125 13855079 387572 43730 431302 457250 -69678 387572 0.00370 0.99630 0.00000 0 0 1825767 1825767 36826140 14535934 22290206 9469473 8405862 1063611 1997583 1997583 27177167 Annuities and trusts payable 321171 Student deposits 187203 Asset retirement obligations 370000 878374 37086981 33918027 3168954 1877447 14794846 16672293 19841247 29373653 1877447 -9597648 -7720201 37093854 -6873 -6873 37086981 24327252 6873 6873 24320379 9597648 9597648 33918027 Part III, Line 1a: The College maintains a collection of donated art. The collection is held exclusively for public exhibition, education and research. The collection is appropriately catalogued and cared for by the curator. As allowed by the accounting standards, the College has elected not to recognize the collection in the statements of financial position. Proceeds from any deaccessions or insurance recoveries are used to acquire other works of art. Part III, Line 4: Greenville College is privileged to be the home and conservator of the Richard W. Bock Sculpture Museum. This museum, established in 1975, houses an extensive collection of sculptures, drawings, photographs, and the Bock family art library. The Bock family presented the collection to Greenville College on the condition that the works be placed on permanent exhibition. Public exhibition and preservation for future generations are the primary purposes the College maintains the collection. However, the College also loans pieces to other museums for temporary exhibits, allows researchers and other interested parties to use the museum's resources, and utilizes the collection as a tool for teaching art students of the College. Description of Intended Use of Endowment Funds: Part V, Line 4: The permanent endowments are established and used to provide scholarships to students attending Greenville College, to fund various academic programs and to fund campus improvements. Most of the amount shown on Line 1b includes endowed assets transferred from Greenville College Foundation upon dissolution. Description of Uncertain Tax Positions Under FIN 48: Part X: The financial statement effects of a tax position taken or expected to be taken are recognized in the financial statements when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. Interest and penalties, if any, are included in expenses in the statements of activities. As of June 30, 2011 and 2010, the College had no uncertain tax positions that qualify for recognition or disclosure in the financial statements. Part XI, Line 8 - Other Adjustments: Net asset transfer upon dissolution of Greenville College Foundation 14,794,846. Part XII, Line 2d - Other Adjustments: Scholarships netted with student tuition and fees -9,597,648. Part XII, Line 4b - Other Adjustments: Rental expenses reported on Part VIII, Line 6b -1,011. Fundraising expenses reported on Part VIII, Line 8b -5,862. Part XIII, Line 2d - Other Adjustments: Rental expenses reported on Part VIII, Line 6b 1,011. Fundraising expenses reported on Part VIII, Line 8b 5,862. Part XIII, Line 4b - Other Adjustments: Scholarships netted with student tuition and fees 9,597,648. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Explanation of Nondiscriminatory Policy Publication Schedule E, Part I, Line 3 A statement of the racial non discrimination policy is included as a student admissions policy and requirement within our College Catalog, which is viewable on our website. Explanation of Government Financial Assistance Schedule E, Part I, Line 6 The College receives funding from the federal government in connection with provisions of Title IV of the Higher Education Act. As a result, the College is required to comply with various regulations related to these programs. Golf Scramble 22827 14820 8007 1668 2619 1575 22827 14820 8007 1668 2619 1575 5862 2145 1 Student scholarshipsSTUDENT SCHOLARSHIPS 1171 9597648 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: Students requesting financial aid are screened for financial need, academic merit, and other scholarship criteria prior to the awarding of scholarships. The combined total of scholarships, grants and other tuition related awards may not exceed the cost of tuition. Students must meet the enrollment guidelines and maintain satisfactory academic progress to retain awards received. Monitoring of these criteria is a combined effort of the Financial Aid office, the Registrar's office and the Business office. X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 Larry Linamen 173280 0 0 0 4674 0 10677 0 30337 0 218968 0 0 0 Part I, Line 1a TRAVEL FOR COMPANIONS -- On occasion, the President is accompanied by his spouse when traveling on Greenville College business. The majority of travel required of the College president is for the business purpose of donor relations and is considered to be for bona fide business expenses. The president, as well as his spouse, play a major role in fostering goodwill with donors on behalf of Greenville College. RESIDENCE FOR PERSONAL USE AND PERSONAL SERVICES -- As a condition of employment, the Greenville College president is required to live in a home which is on campus and owned by the College. Because portions of the home are, at times, used for Greenville College business functions, the College provides housekeeping services on a regular basis. The fair rental value of the home has been estimated at $2,500 per month. The benfits described above are provided according to the president's employment contract, which is reviewed and approved by the executive committee of the Board of Trustees. City of Greenville Bond County Illinois 376000403 39608PAA6 2006-10-24 8000000 Refinance debt & update student housing 0 0 0 8000000 301756 159032 69406 7469806 2007 0 0 0 1 0 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 0 0 0 1 Various See Part V Scholarships provided to Board relatives 11000 See Part V Merit Scholarships Various See Part V Scholarships provided to Board relatives 4500 See Part V Entitlement Scholarships Various See Part V Scholarships provided to Board relatives 4500 See Part V Other Scholarships Various See Part V Scholarships provided to Board relatives 2510 See Part V Endowed Scholarships Walter Fenton See Part V Related to Dennis Fenton, Trustee 108724 Fiscal Wages 0 Dustin Fenton See Part V Related to Dennis Fenton, Trustee 31687 Fiscal Wages 0 Charis Bastian See Part V Related to Robert Bastian, Trustee 21185 Fiscal Wages 0 Schedule L, Part III Scholarships to Interested Persons All scholarships are awarded on an objective and nondiscriminatory basis based on pre-established criteria. These criteria include financial need, academic merit, criteria set by donors, and other factors. No scholarships are awarded on the basis of a student's familial relationships. Scholarships reported in Schedule L, represent 0.2% of total scholarship expense. X 1 2500 Appraisal X 8491 Thrift store value X 8 44562 Stock market rate X 1 215275 Purchase price X 1 215251 Purchase price X Supplies 18 5242 Cost 0 0 1 0 Method for Determining Number of Contributors: Part I, Column (b): The number of contributors represent the number of contributions received. Form 990, Part VI, Section B, line 11 The College's 990 is prepared by an independent accounting firm using information from management. The Form 990 is reviewed by management and provided to each Board Member for review. However, the Board review copy does not disclose Schedule B contributor names and addresses. Upon approval of management and the Board, the Form 990 is filed electronically with the Internal Revenue Service. Form 990, Part VI, Section B, line 12c Conflict of interest questionnaires are completed annually by all Trustees, officers, and executive management. All responses are carefully reviewed by an independent staff member of the College for possible conflicts of interest. Should any potential conflicts of interest be disclosed, the Trustee or officer would be asked to refrain from participation in any decision with regard to matters affected by the relationship. Form 990, Part VI, Section B, line 15 The Greenville College Board of Trustees Standing Policies Manual stipulates the following with respect to the President's evaluation and compensation: "The officers of the Board negotiate all contractual matters with the President and conduct the President's annual evaluation. The contract will be presented to the full board, sitting in executive session, for consideration and approval. The officers report the findings of the annual review of the President to the Executive Committee and to the full board sitting in executive session." In reference to the hiring and compensation of other employees, including officers of the College, the Standing Policies Manual states the following: "The president should hire well trained, quality people of impeccable character who are committed to excellence...As a long term goal, pay employees appropriate compensation similar to other selected Christian liberal arts colleges and the norms of the Greenville area. The president is to develop fair personnel procedures and benefits that are communicated clearly through faculty/staff handbooks and are kept in the Board Reference Book." Levels of compensation for all positions (including the president) are determined based on performance evaluations and benchmark levels derived from several different compensation surveys. The CUPA-HR Administrative, CCCU and CCC Compensation Surveys are all utilized to ensure reasonableness and comparability of compensation. Annual contracts are completed for and signed by all officers of the College. Form 990, Part VI, Section C, line 18 The College makes its Form 1023, Form 990, and Form 990-T available to the public upon request. The Form 990 is also available for public review on Guidestar's website www.guidestar.org. Form 990, Part VI, Section C, line 19 The College makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized gains on investments: 1,877,447. Net asset transfer upon dissolution of Greenville College Foundation 14,794,846. Total to Form 990, Part XI, Line 5: 16,672,293. EXPLANATION OF RESPONSIBILITY FORM 990, PART XII, LINE 2c The College has a committee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This process has not changed since the prior year. Number of Employees Form 990, Part I, Line 5 The number of employees reported here is the total number of Forms W-2 issued for the year 2010. However, this number is not indicative of the number of employees the College employs at any given point in time. Due to the high volume of student workers employed and the short-term nature of their work, the number of Forms W-2 issued is much higher than the average number of individuals employed on an on-going basis. Over a twelve-month period, the average number of individuals paid in a pay period is approximately 500. Of this number, approximately 250 are faculty/staff and approximately 250 are student workers. Explanation for Increase in Net Assets Form 990, Schedule D, Part XI, Line 8 The Greenville College Foundation was a related organization and was dissolved on July 1, 2010. As such, the net assets associated with the dissolution were transferred to Greenville College. Consequently, the increase in net assets is $14,794,846 and is a direct result of this asset transfer. Greenville College Foundation inc 315 East College Avenue Greenville IL 62246 371386287 Supporting organization IL 501(c)(3) Line 11b, II Greenville College 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 Explanation of Tax Exempt Entity Reporting Schedule R, Part II Greenville College Foundation dissolved on July 1, 2010. Consequently, the organization is reported on Schedule R since the entity was still active during this tax period.