LEMOYNE OWEN COLLEGE: Form 990, tax year 2009

View the entire original 990 at ProPublica ↗

Organization: LEMOYNE OWEN COLLEGE (EIN 62-0475690)
Tax period: 2009-07-01 to 2010-06-30
Filed: 2011-02-08
IRS object ID: 201130399349300913
Schema version: 2009v1.4
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 M
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2011-02-08T12:59:13-00:00	Timestamp
Tax Period End Date	2010-06-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	The Wesley Peachtree Group CPA's	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	1100 West Peachtree Street	AddressLine1
City	Atlanta	City
State	GA	State
ZIP Code	30309	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2009-07-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	620475690	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	LeMoyne-Owen College	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	LEMO	NameControl
Phone	9014351000	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	807 Walker Avenue	AddressLine1
City	Memphis	City
State	TN	State
ZIP Code	38126	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	Jim Dugger	Name
Title	VP For Finance and CEO	Title
Phone	9014351000	Phone
Date Signed	2011-02-07	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	Donald Murphy	Name
Phone	4048740555	Phone
Date Prepared	2011-07-04	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2009	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	Jim Dugger	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	807 Walker Ave	AddressLine1
City	Memphis	City
State	TN	State
ZIP Code	38126	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	19307488	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c	X	Organization501c
Web Site	http://www.loc.edu	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1934	YearFormation
State Legal Domicile	TN	StateLegalDomicile
Activity Or Mission Description	Provide a transformative experience educating students for urban-focused leadership, scholarship, service, and professional careers.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	22	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	21	NbrIndependentVotingMembers
Total Nbr Employees	262	TotalNbrEmployees
Total Nbr Volunteers	26	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Prior Year	8601923	ContributionsGrantsPriorYear
Contributions Grants Current Year	8129645	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	7522839	ProgramServiceRevenuePriorYear
Program Service Revenue CY	10275510	ProgramServiceRevenueCY
Investment Income Prior Year	13154	InvestmentIncomePriorYear
Investment Income Current Year	640764	InvestmentIncomeCurrentYear
Other Revenue Prior Year	376155	OtherRevenuePriorYear
Other Revenue Current Year	261569	OtherRevenueCurrentYear
Total Revenue Prior Year	16514071	TotalRevenuePriorYear
Total Revenue Current Year	19307488	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	2264656	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	2706272	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	129800	SalariesEtcPriorYear
Salaries Etc Current Year	570896	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	749779	TotalFundrsngExpCurrentYear
Other Expense Prior Year	13274714	OtherExpensePriorYear
Other Expenses Current Year	14367899	OtherExpensesCurrentYear
Total Expenses Prior Year	15669170	TotalExpensesPriorYear
Total Expenses Current Year	17645067	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	844901	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	1662421	RevenuesLessExpensesCY
Total Assets BOY	25193026	TotalAssetsBOY
Total Assets EOY	27655276	TotalAssetsEOY
Total Liabilities BOY	10555824	TotalLiabilitiesBOY
Total Liabilities EOY	10537029	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	14637202	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	17118247	NetAssetsOrFundBalancesEOY
Mission Description	The College is a liberal arts institution committed to fostering academic excellence and to provide high educational opportunities for a diverse population with disparate levels of academic preparations.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	12293962	Expense
Grants	2706272	Grants
Revenue	9105629	Revenue
Description	The College is a liberal arts institution committed to fostering academic excellence and to providing high quality educational opportunities for a diverse population with disparate levels of academic preparations.	Description

Activity2 Activity2

Field	Value	IRS element (for citing)
Expense	602931	Expense
Revenue	1169881	Revenue
Description	Auxiliary enterprises support the colleges mission of providing quality educational opportunities. These services include but are not limited to food service, campus housing, campus post office, vending, campus store and athletics.	Description

Field	Value	IRS element (for citing)
Total Program Service Expense	12896893	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	true	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	true	TermOrPermanentEndowments
Balance Sheet Amounts Reported	true	BalanceSheetAmountsReported
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	true	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
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	2131	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Number Of Employees	262	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
Form8899 Filed	false	Form8899Filed
Form1098 C Filed	false	Form1098CFiled
Excess Business Holdings	false	ExcessBusinessHoldings
Taxable Distributions	false	TaxableDistributions
Distribution To Donor	false	DistributionToDonor
Nbr Voting Governing Body Members	22	NbrVotingGoverningBodyMembers
Number Independent Voting Members	21	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	false	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	TN	StatesWhereCopyOfReturnIsFiled
Other Website	X	OtherWebsite
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	Jim Dugger	NamePerson
Telephone Number	9014351680	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	807 Walker Avenue	AddressLine1
City	Memphis	City
State	TN	State
ZIP Code	38126	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (32 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation
Reverend John L Armstrong
Secretary	001.00	X	X	0	0	0
Mr Marvin C Banyon
Board Member	001.00	X		0	0	0
Mr Otha Brandon
Board Member	001.00	X		0	0	0
Mr James E Castillo Jr
Board Member	001.00	X		0	0	0
Dr Thomas E Dipko
First Vice Chairman	001.00	X	X	0	0	0
Mr Howard Eddings Jr
Board Member	001.00	X		0	0	0
Mrs Fedricka Hodges
Board Member	001.00	X		0	0	0
Dr Thomas Leonard Gibson
Board Member	001.00	X		0	0	0
Mr Mark P Hendricks
Board Member	001.00	X		0	0	0
Mr Robert Lipscomb
Chairman	001.00	X	X	0	0	0
Attorney Daphene R McFerren
Board Member	001.00	X		0	0	0
Reverend Marvin Mercer
Board Member	001.00	X		0	0	0
Mr Allen W Pierce Sr
Board Member	001.00	X		0	0	0
Dr Bennie P Reams
Board Member	001.00	X		0	0	0
Dr Kenneth S Robinson
Board Member	001.00	X		0	0	0
Mr Robert Simpson
Second Vice Chairman	001.00	X	X	0	0	0
Dr Johnnie B Watson
President	040.00	X	X	126860	0	0
Mr Luke Yancy III
Board Member	001.00	X		0	0	0
Mr Clay Foster
Faculty Representative	001.00		X	0	0	0
Dr Sherry Painter
Faculty Representative	001.00		X	0	0	0
Mr Jimmie D Dugger
Vice President of Fiscal Affairs, CFO	040.00		X	92100	0	0
Mr Roger Brown
Vice President of Institutional Advancement	040.00		X	52900	0	0
Dr Barbara Frankle
Dean of Academic Affairs	040.00		X	72960	0	0
Ms Edith Cobb
Dean of Students	040.00		X	54600	0	0
Mr Jesse Chatman
Director, Administrative Services	040.00		X	25385	0	0
Ms Shirley HIll
Title III Director	040.00		X	44161	0	0
Dr Cheryl Golden
Chair, Division of Social Behavior Science	040.00		X	57690	0	0
Mr Clay Foster
Faculty Advisor	040.00		X	44240	0	0
Ms Emliy Greer
Board Member	001.00	X		0	0	0
Mr John W Moore
Board Member	001.00	X		0	0	0
Mr Charlie E Thomas III
Board Member	001.00	X		0	0	0
Ms Velma Maclin
Student Representative	001.00	X		0	0	0

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	570896	TotalReportableCompFromOrg
Number Individuals GT100 K	1	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (5 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
Gel Enterprises
PO Box 190049	Atlanta	GA	31119	Book Store	313066
ABL Management
Dept 952644	Atlanta	GA	31192	Food Service	435401
Honeywell Inc
PO Box 92091	Chicago	IL	60675	Home Builders Control	289525
CDA Incorporation
203 Beale Street Suite 305	Memphis	TN	38103	Security Service	355283
Wagner General Construction
505 Tennesse St	Memphis	TN	38103	Construction	476817

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	7	NumberOfContractorsGT100K
Government Grants	5603157	GovernmentGrants
All Other Contributions	2526488	AllOtherContributions
Noncash Contributions	72489	NoncashContributions
Total Contributions	8129645	TotalContributions

Program Service Revenue ProgramServiceRevenue (2 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
Tuition fees	611600	9105629	9105629
Sales and services of auxiliary enterprises	611710	1169881	1169881

Field	Value	IRS element (for citing)
Total Program Service Revenue	10275510	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	640764	TotalRevenueColumn
Related Or Exempt Function Income	640764	RelatedOrExemptFunctionIncome

Other Revenue Misc OtherRevenueMisc

Field	Value	IRS element (for citing)
Description	Other income	Description
Business Code	900099	BusinessCode
Total Revenue Column	261569	TotalRevenueColumn
Related Or Exempt Function Income	261569	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Other Revenue	261569	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	19307488	TotalRevenueColumn
Related Or Exempt Function Income	11177843	RelatedOrExemptFunctionIncome

Grants To Domestic Orgs GrantsToDomesticOrgs

Field	Value	IRS element (for citing)
Total	0	Total

Grants To Domestic Individuals GrantsToDomesticIndividuals

Field	Value	IRS element (for citing)
Total	2706272	Total
Program Services	2706272	ProgramServices

Foreign Grants ForeignGrants

Field	Value	IRS element (for citing)
Total	0	Total

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	0	Total

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	570896	Total
Management And General	570896	ManagementAndGeneral

Comp Disqual Persons CompDisqualPersons

Field	Value	IRS element (for citing)
Total	0	Total

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	0	Total

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	0	Total

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	0	Total

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Lobbying FeesForServicesLobbying

Field	Value	IRS element (for citing)
Total	0	Total

Field	Value	IRS element (for citing)
Fees For Services Prof Fundraising		FeesForServicesProfFundraising

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	0	Total

Advertising Advertising

Field	Value	IRS element (for citing)
Total	0	Total

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	0	Total

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	0	Total

Royalties Royalties

Field	Value	IRS element (for citing)
Total	0	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	0	Total

Travel Travel

Field	Value	IRS element (for citing)
Total	0	Total

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

Field	Value	IRS element (for citing)
Total	0	Total

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	0	Total

Interest Interest

Field	Value	IRS element (for citing)
Total	0	Total

Payments To Affiliates PaymentsToAffiliates

Field	Value	IRS element (for citing)
Total	0	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	0	Total

Insurance Insurance

Field	Value	IRS element (for citing)
Total	0	Total

Other Expenses OtherExpenses (5 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral
Instruction	4325544	4325544
Public Service	7477	7477
Academic Support	1026506	327186	699320
Student Services	3166307	3166307
Auxiliary Enterprises	602931	602931

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	5239134	Total
Program Services	1761176	ProgramServices
Management And General	2728179	ManagementAndGeneral
Fundraising	749779	Fundraising

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	17645067	Total
Program Services	12896893	ProgramServices
Management And General	3998395	ManagementAndGeneral
Fundraising	749779	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	2030330	BOY
EOY	2495506	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
EOY	757749	EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

Field	Value	IRS element (for citing)
BOY	2843982	BOY
EOY	2423555	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	139990	BOY
EOY	176322	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	163248	BOY
EOY	174795	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	25229431	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	16256233	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	7780183	BOY
EOY	8973198	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	12235293	BOY
EOY	12654151	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	25193026	BOY
EOY	27655276	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	1385216	BOY
EOY	1550570	EOY

Tax Exempt Bond Liabilities TaxExemptBondLiabilities

Field	Value	IRS element (for citing)
BOY	1074000	BOY
EOY	1012000	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	7868838	BOY
EOY	7790018	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	227770	BOY
EOY	184441	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	10555824	BOY
EOY	10537029	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	340496	BOY
EOY	3449369	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	3325828	BOY
EOY	3510207	EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	10970878	BOY
EOY	10158671	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	14637202	BOY
EOY	17118247	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	25193026	BOY
EOY	27655276	EOY

Field	Value	IRS element (for citing)
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Separate	X	FinancialStatementSeparate
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
Public Support Pertcentage170	0.00000	PublicSupportPertcentage170
Public Support Percentage509	0.00000	PublicSupportPercentage509
Investment Income Percentage	0.00000	InvestmentIncomePercentage

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

Field	Value	IRS element (for citing)
Contributor Number	RESTRICTED	ContributorNumber

Contributor Name Business ContributorNameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor Address US ContributorAddressUS

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Aggregate Contributions	RESTRICTED	AggregateContributions

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Included On FS	false	IncludedOnFS

Current Year CurrentYear

Field	Value	IRS element (for citing)
Beginning Of Year Balance	10970878	BeginningOfYearBalance
Investment Earnings Or Losses	818624	InvestmentEarningsOrLosses
Grants Or Scholarships	818624	GrantsOrScholarships
Other Expenditures	812207	OtherExpenditures
End Of Year Balance	10158671	EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

Field	Value	IRS element (for citing)
Beginning Of Year Balance	10908343	BeginningOfYearBalance
Contributions	62535	Contributions
End Of Year Balance	10970878	EndOfYearBalance

Field	Value	IRS element (for citing)
Permanent Endowment EOY Balance	1.00000	PermanentEndowmentEOYBalance
Endowments Held By Unrelated Orgs	true	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	false	EndowmentsHeldByRelatedOrgs

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	1197276	OtherCostOrOtherBasis
Book Value	1197276	BookValue

Leasehold Improvements LeaseholdImprovements

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	12990750	OtherCostOrOtherBasis
Depreciation	11387317	Depreciation
Book Value	1603433	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	11041405	OtherCostOrOtherBasis
Depreciation	4868916	Depreciation
Book Value	6172489	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	8973198	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
Description	Capital lease obligations	Description
Amount	$184,441	Amount

Field	Value	IRS element (for citing)
Total Of Amounts	184441	TotalOfAmounts
Total Revenue	19307488	TotalRevenue
Total Expenses	17645067	TotalExpenses
Excess Or Deficit For Year	1662421	ExcessOrDeficitForYear
Net Unrealized GL On Investments	818624	NetUnrealizedGLOnInvestments
Total Adjustments	818624	TotalAdjustments
Excess Or Deficit Per FS	2481045	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	19526112	TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments	818624	NetUnrealizedGainsInvestments
Revenue Not Rptd F990	818624	RevenueNotRptdF990
Revenue Subtotal	18707488	RevenueSubtotal
Total Revenue Per Form990	18707488	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	14938795	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	14938795	ExpensesSubtotal
Total Expenses Per Form990	14938795	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV

Field	Value	IRS element (for citing)
Identifier	V	Identifier
Return Reference	4	ReturnReference
Explanation	Permanently restricted. College does not intend to use.	Explanation

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
Pub Via Broadcast Media Expln	The College admits students of any race, color, national or ethnic origin. The College does not discriminate on the basis of race, color, national or ethnic origin in the administration of its educational policies, scholarships and loan program and athletic and school administered programs. The Colleges non-discrimination statement appears in all brochures and applications for admission.	PubViaBroadcastMediaExpln
Maint Racial Composition Records	true	MaintRacialCompositionRecords
Maint Scholarships Records	true	MaintScholarshipsRecords
Maint Copies Of Brochures Etc	true	MaintCopiesOfBrochuresEtc
Maint Copies Of All Solicitations	true	MaintCopiesOfAllSolicitations
Discriminate Race Students Rights	false	DiscriminateRaceStudentsRights
Discriminate Race Admiss Policies	false	DiscriminateRaceAdmissPolicies
Discriminate Race Emplmn Faculty	false	DiscriminateRaceEmplmnFaculty
Discriminate Race Scholarships	false	DiscriminateRaceScholarships
Discriminate Race Educ Policies	false	DiscriminateRaceEducPolicies
Discriminate Race Use Of Fclts	false	DiscriminateRaceUseOfFclts
Discriminate Race Athletic Prog	false	DiscriminateRaceAthleticProg
Discriminate Race Other Acty	false	DiscriminateRaceOtherActy
Government Financial Aid Received	true	GovernmentFinancialAidReceived
Government Financial Aid Revoked	false	GovernmentFinancialAidRevoked
Govt Financial Aid Explanation	The College offers scholarships and student financial aid to assist with meeting the students financial obligations. The Financial Aid Office has the neccessary policies and procedures to ensure that the College adheres to and complies with federal regulations regarding eligibility for student financial aid. Requirements for receiving scholarships depend on other factors such as grade point average, family income or athletic talents. The college has adequate staff in its other grant programs with eligibility guidelines to ensure compliance. The College also undergoes the required OMB Circular A-133 audit.	GovtFinancialAidExplanation
Compliance With Rev Proc7550	true	ComplianceWithRevProc7550

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Records Maintained	true	RecordsMaintained

Form990 Schedule I Part III Form990ScheduleIPartIII

Field	Value	IRS element (for citing)
Type Of Grant	Funded student scholarships	TypeOfGrant
Amount Of Cash Grant	2706272	AmountOfCashGrant

Schedule M IRS990ScheduleM

Other Non Cash Contributions Table OtherNonCashContributionsTable

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Description	Library Equipment	Description
Number Of Contributions	1	NumberOfContributions
Noncash Contribs Rptd F990	72489	NoncashContribsRptdF990
Method Of Determining Revenues	Cost of Donated Property	MethodOfDeterminingRevenues

Field	Value	IRS element (for citing)
Any Property That Must Be Held	false	AnyPropertyThatMustBeHeld
Review Process Unusual NC Gifts	true	ReviewProcessUnusualNCGifts
Third Parties Used	false	ThirdPartiesUsed

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (5 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
990 VI	11A	The College presents the Form 990 to its finance/ audit committee for review upon completion.
Form 990 VI	12c	Trustees are required to disclose at the next convening Board of Trustees meeting any conflict of intererst. Board members with a conflict of interest with a matter for vote must abstain from voting. The Colleges audit committee is responsible for ensuring adherence to the policy
Form 990 VI	15a	The Boards Evaluation and Compensation Committee evaluates the Presidents performance annually. The Board of Trustees reviews the recommendation of theEvaluation and Compensation Committee. Based on perdetermined areas of performance the Board decides the appropriate action to take. When additional compensation is deemed appropraite, a review of salaries at peer institutions is conducted to assist in arriving at a suggested amount, which is recommended to the Executive Committee for approval.
Form 990 VI	15b	Compensation for top officers of the College is at the discretion of the President. This discretion is based on 1 previous salary history and 2 market data from the CUPA survey published in the Chronicle of Higher Education.
Schedule E Form 990 or 990-EZ Financial Aid or Government Assistance	Line 6a The org receives aid, Line 6b The org has had their aid revoked or suspended.	The College offers scholarships and student financial aid to assist with meeting the students financial obligations. The Financial Aid Office has the neccessary policies and procedures to ensure that the College adheres to and complies with federal regulations regarding eligibility for student financial aid. Requirements for receiving scholarships depend on other factors such as grade point average, family income or athletic talents. The college has adequate staff in its other grant programs with eligibility guidelines to ensure compliance. The College also undergoes the required OMB Circular A-133 audit.