FURMAN UNIVERSITY: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- FURMAN UNIVERSITY (EIN 57-0314395)
- Tax period
- 2009-07-01 to 2010-06-30
- Filed
- 2011-02-11
- IRS object ID
- 201140429349300034
- Schema version
- 2009v1.7
- 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 F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-02-11T13:15:09-06:00 | 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 | Cherry Bekaert and Holland | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 201 WEST MCBEE AVENUE 200 | AddressLine1 |
| City | Greenville | City |
| State | SC | State |
| ZIP Code | 29601 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 570314395 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Furman University | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | FURM | NameControl |
| Phone | 8642942141 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3300 Poinsett Highway | AddressLine1 |
| City | Greenville | City |
| State | SC | State |
| ZIP Code | 29613 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Mary Lou Merkt | Name |
| Title | VP of Business Affairs | Title |
| Date Signed | 2011-02-10 | DateSigned |
| 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 | MARY LOU MERKT | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3300 POINSETT HIGHWAY | AddressLine1 |
| City | GREENVILLE | City |
| State | SC | State |
| ZIP Code | 29613 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 193109617 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | www.furman.edu | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1826 | YearFormation |
| State Legal Domicile | SC | StateLegalDomicile |
| Activity Or Mission Description | Furman University, a selective, independent liberal arts college of approximately 2,600 students, provides a distinctive undergraduate education which emphasizes an engaged approach to liberal learning. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 36 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 36 | NbrIndependentVotingMembers |
| Total Nbr Employees | 2758 | TotalNbrEmployees |
| Total Nbr Volunteers | 1010 | TotalNbrVolunteers |
| Total Gross UBI | 2277079 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -472479 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 17118801 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 14344396 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 123192077 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 127126836 | ProgramServiceRevenueCY |
| Investment Income Prior Year | -7847352 | InvestmentIncomePriorYear |
| Investment Income Current Year | 17819130 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 320074 | OtherRevenuePriorYear |
| Other Revenue Current Year | -446649 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 132783600 | TotalRevenuePriorYear |
| Total Revenue Current Year | 158843713 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 41019826 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 43982904 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 69459692 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 70900504 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 10000 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 3906814 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 48917515 | OtherExpensePriorYear |
| Other Expenses Current Year | 47355209 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 159407033 | TotalExpensesPriorYear |
| Total Expenses Current Year | 162238617 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -26623433 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -3394904 | RevenuesLessExpensesCY |
| Total Assets BOY | 779072638 | TotalAssetsBOY |
| Total Assets EOY | 825808332 | TotalAssetsEOY |
| Total Liabilities BOY | 140948798 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 141732059 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 638123840 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 684076273 | NetAssetsOrFundBalancesEOY |
| Mission Description | Furman University is a selective, independent, co-educational liberal arts college of approximately 2,900 full and part-time undergraduate and graduate students. The primary mission of Furman as a liberal arts institution is to provide a distinctive undergraduate education encompassing the Humanities, Fine Arts, Social Sciences, Mathematics and Natural Sciences, and selected professional disciplines. Furman emphasizes engaged learning, a problem-solving, project oriented and research based educational philosophy. The University is committed to liberal learning within a moral and ethical context. Furman seeks highly motivated students with inquistive minds, varied perspectives, a sense of personal integrity and moral responsibility with the potential to be leaders and to make future contributions to society. In addition to its primary emphasis on undergraduate education, Furman offers graduate programs in education and chemistry and provides a continuing education program for the larger | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 105731821 | Expense |
| Grants | 43641214 | Grants |
| Revenue | 98445067 | Revenue |
| Description | Furman University's primary exempt purpose achievement is to provide higher education to students under a college degree program. The university provided a liberal arts education to 2,622 full-time and 132 part-time undergraduate students and 210 full-time and part-time graduate students during the fiscal year ended 6/30/10. Courses are offered leading to the award of the Bachelor of Arts, Bachelor of Science, Bachelor of Music, Bachelor of Liberal Arts, Master in Arts, and Master in Science. The university conferred 612 Bachelor Degrees and 32 Master Degrees in the 2009-2010 academic year. The university's financial aid program, which awarded in excess of $40 million for the year ended 6/30/10, includes a broad range of academic and special talent scholarships as well as a comprehensive need-based program of grants, loans and work study opportunities. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 18912562 | Expense |
| Grants | 10440 | Grants |
| Revenue | 3982800 | Revenue |
| Description | A Furman education includes social, physical, cultural, and spiritual growth as well as intellectual development. As a result, the programs and activities related to student services and student life are an integral part of the higher education experience. Furman's intercollegiate athletic program consists of nine men's and nine women's sports. Additionally, recreational sports consist of both an intramural and sports club program. Students becoming involved in campus life may become involved in student government, volunteer service corps, leadership development programs, student newspaper, student radio and television station, and departmental club and honor societies. Student service programs include career services, student health services, multicultural affairs, counseling center, and chaplain services. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 15994780 | Expense |
| Grants | 0 | Grants |
| Revenue | 23546715 | Revenue |
| Description | The university conducted auxiliary enterprises for the convenience of students, faculty, staff, and the at-large community. These auxiliary enterprises consist of student housing, campus bookstore, golf course, arena, and conference center. | Description |
Activity Other ActivityOther (2 entries)
| ExpenseExpense | GrantsGrants | DescriptionDescription |
|---|---|---|
| 1902630 | 331250 | Research Activities |
| 301902 | Community Service Activities |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 2204532 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Grnt | 331250 | TotalOfOtherProgramServiceGrnt |
| Total Program Service Expense | 142843695 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Donor Advised Funds | true | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | true | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Balance Sheet Amounts Reported | true | BalanceSheetAmountsReported |
| Independent Audit Financial Stmt | false | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | true | ConsolidatedAuditFinancialStmt |
| School | true | School |
| Foreign Office | true | ForeignOffice |
| Foreign Activities | true | ForeignActivities |
| More Than5000 K To Organizations | true | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | true | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | true | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | true | GrantsToOrganizations |
| Grants To Individuals | true | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | true | TaxExemptBonds |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBonds |
| Escrow Account | false | EscrowAccount |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | true | LoanToOfficerOrDQP |
| Grant To Related Person | true | 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 | true | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | true | 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 | 3870 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 2758 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | true | UnrelatedBusinessIncome |
| Form990-T Filed | true | Form990-TFiled |
| Foreign Financial Account | true | ForeignFinancialAccount |
| Name Of Foreign Country | UK | NameOfForeignCountry |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | true | QuidProQuoContributions |
| Quid Pro Quo Disclosure | true | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Form1098 C Filed | true | Form1098CFiled |
| Excess Business Holdings | false | ExcessBusinessHoldings |
| Taxable Distributions | false | TaxableDistributions |
| Distribution To Donor | false | DistributionToDonor |
| Nbr Voting Governing Body Members | 36 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 36 | 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 | false | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | SC | StatesWhereCopyOfReturnIsFiled |
| Own Website | X | OwnWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | LINDA SARRATT | NamePerson |
| Telephone Number | 8642942141 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3300 POINSETT HIGHWAY | AddressLine1 |
| City | GREENVILLE | City |
| State | SC | State |
| ZIP Code | 29613 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (54 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee | FormerFormer |
|---|---|---|---|---|---|---|---|---|---|
| Robert H Buckman | |||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||||
| Alfred G Childers | |||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||||
| C Jordan Clark | |||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||||
| Merl F Code | |||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||||
| Richard Cullen | |||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||||
| Aubrey C Daniels | |||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||||
| W Randy Eaddy | |||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||||
| David G Ellison | |||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||||
| Larry D Estridge | |||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||||
| Angela Walker Franklin | |||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||||
| P Edwin Good | |||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||||
| Jack Guynn | |||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||||
| Sean P Hartness | |||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||||
| David L Hauser | |||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||||
| Francie M Heller | |||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||||
| Gordon R Herring | |||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||||
| Robert E Hill | |||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||||
| C Dan Joyner | |||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||||
| Carl F Kohrt | |||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||||
| Barbara E Mathews | |||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||||
| John Michael McConnell | |||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||||
| Kathleen C McKinney | |||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||||
| Patrick W McKinney | |||||||||
| Truestee | 2.0 | X | 0 | 0 | 0 | ||||
| James M Ney | |||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||||
| Celeste H Patrick | |||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||||
| Linton B Puckett | |||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||||
| Dudley C Reynolds | |||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||||
| Richard W Riley | |||||||||
| Trustee | 2.0 | X | 0 | 0 | |||||
| Leighan Rinker | |||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||||
| R Todd Ruppert | |||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||||
| Frank R Shaw | |||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||||
| L Stewart Spinks | |||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||||
| Peace S Sullivan | |||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||||
| Lizanne Thomas | |||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||||
| William R Timmons III | |||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||||
| Baxter M Wynn | |||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||||
| David E Shi | |||||||||
| President | 40.0 | 459899 | 0 | 72541 | X | ||||
| Thomas A Kazee | |||||||||
| Executive VP & Provost | 40.0 | 227811 | 0 | 33779 | X | ||||
| William Berg | |||||||||
| Vice President of Enrollment | 40.0 | 123027 | 0 | 28533 | X | ||||
| Connie L Carson | |||||||||
| Vice President of Student Life | 40.0 | 136230 | 0 | 22313 | X | ||||
| Michael Gatchell | |||||||||
| Vice President of Development | 40.0 | 145363 | 0 | 31729 | X | ||||
| Mary Lou Merkt | |||||||||
| VP of Business Affairs | 40.0 | 169106 | 0 | 34839 | X | ||||
| Nancy Spitler | |||||||||
| Interim VP of Marketing & PR | 40.0 | 59712 | 0 | 20807 | X | ||||
| Kristopher N Kapoor | |||||||||
| Chief Investment Officer | 40.0 | 164580 | 0 | 19438 | X | ||||
| Fredrick M Miller | |||||||||
| Chief Information Officer | 40.0 | 147243 | 0 | 32303 | X | ||||
| John Beckford | |||||||||
| Dean of Faculty | 40.0 | 131987 | 0 | 26693 | X | ||||
| Gary Clark | |||||||||
| Athletic Director | 40.0 | 125932 | 0 | 27667 | X | ||||
| Robert E Lamb | |||||||||
| Head Football Coach | 40.0 | 123835 | 0 | 28701 | X | ||||
| Lon B Knight | |||||||||
| Professor | 40.0 | 185583 | 0 | 31269 | X | ||||
| Kenneth C Abernathy | |||||||||
| Professor | 40.0 | 183959 | 0 | 27084 | X | ||||
| William J Pierce | |||||||||
| Professor | 40.0 | 160179 | 0 | 22668 | X | ||||
| James L Guth | |||||||||
| Professor | 40.0 | 157530 | 0 | 24510 | X | ||||
| Charles L Brewer | |||||||||
| Professor | 40.0 | 159886 | 0 | 25436 | X | ||||
| Gregory Carroll | |||||||||
| Former VP of Marketing & PR | 40.0 | 106756 | 0 | 20782 | X | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 2968618 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 531092 | TotalOtherCompensation |
| Number Individuals GT100 K | 67 | NumberIndividualsGT100K |
| Formers Listed | true | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| Aramark | |||||
| Post Office Box 828441 | PHILADELPHIA | PA | 19182 | Catering Services | 4729782 |
| Arthur J Gallagher | |||||
| Post Office Box 532124 | ATLANTA | GA | 30353 | Risk Management | 1061245 |
| Triangle Construction Company | |||||
| Post Office Box 6266 | GREENVILLE | SC | 29606 | Construction | 952740 |
| Productions Unlimited Inc | |||||
| 870 Anderson Ridge Road | GREER | SC | 29651 | Lighting & Audio | 642390 |
| Rodgers Builders Inc | |||||
| 5701 North Sharon Amity Road | CHARLOTTE | NC | 28218 | Construction | 487587 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 66 | NumberOfContractorsGT100K |
| Fundraising Events | 61266 | FundraisingEvents |
| Government Grants | 2530639 | GovernmentGrants |
| All Other Contributions | 11752491 | AllOtherContributions |
| Noncash Contributions | 1229689 | NoncashContributions |
| Total Contributions | 14344396 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue | ExclusionExclusionAmount |
|---|---|---|---|---|---|
| TUITION AND FEES | 900099 | 98445067 | 98445067 | ||
| AUXILIARY SALES | 713990 | 23593506 | 1144531 | $22,448,975 | |
| INTERCOLLEGIATE ATHLETICS | 900099 | 3730897 | 3730897 | ||
| OTHER INCOME | 621300 | 1105463 | 699212 | $406,251 | |
| COMMISSION INCOME | 561499 | 251903 | 251903 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 127126836 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 7779927 | TotalRevenueColumn |
| Unrelated Business Revenue | -15194 | UnrelatedBusinessRevenue |
| Exclusion | $7,795,121 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 31704 | TotalRevenueColumn |
| Unrelated Business Revenue | 31704 | UnrelatedBusinessRevenue |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 949767 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 804838 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 144929 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 144929 | TotalRevenueColumn |
| Unrelated Business Revenue | 144929 | UnrelatedBusinessRevenue |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 41811513 | Securities |
| Other | 91906 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 31403660 | Securities |
| Other | 460556 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 10407853 | Securities |
| Other | -368650 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 10039203 | TotalRevenueColumn |
| Exclusion | $10,039,203 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 178473 | GrossIncomeFundraisingEvents |
| Fundraising Direct Expenses | 118403 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 60070 | TotalRevenueColumn |
| Exclusion | $60,059 | ExclusionAmount |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 2216945 | GrossSalesOfInventory |
| Cost Of Goods Sold | 1478447 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 738499 | TotalRevenueColumn |
| Unrelated Business Revenue | 19994 | UnrelatedBusinessRevenue |
| Exclusion | $718,505 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount |
|---|---|---|
| SPLIT INTEREST AGREEMENTS | 120973 | $120,973 |
| EARLY EXTINGUISHMENT OF DEBT | -967712 | -$967,712 |
| LOSS ON INTEREST RATE SWAP AGREEMENT | -575112 | -$575,112 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | -1421851 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 158843713 | TotalRevenueColumn |
| Related Or Exempt Function Income | 102175964 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 2277079 | UnrelatedBusinessRevenue |
| Exclusion | $40,046,263 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 53658 | Total |
| Program Services | 53658 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 42785310 | Total |
| Program Services | 42785310 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1143936 | Total |
| Program Services | 1143936 | ProgramServices |
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 | 2443683 | Total |
| Program Services | 1233293 | ProgramServices |
| Management And General | 1029300 | ManagementAndGeneral |
| Fundraising | 181090 | Fundraising |
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 | 49339295 | Total |
| Program Services | 43732206 | ProgramServices |
| Management And General | 3537069 | ManagementAndGeneral |
| Fundraising | 2070020 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4795572 | Total |
| Program Services | 4131610 | ProgramServices |
| Management And General | 443108 | ManagementAndGeneral |
| Fundraising | 220854 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10744363 | Total |
| Program Services | 9114476 | ProgramServices |
| Management And General | 1053419 | ManagementAndGeneral |
| Fundraising | 576468 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3577591 | Total |
| Program Services | 3130073 | ProgramServices |
| Management And General | 286722 | ManagementAndGeneral |
| Fundraising | 160796 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2919628 | Total |
| Program Services | 2486055 | ProgramServices |
| Management And General | 385960 | ManagementAndGeneral |
| Fundraising | 47613 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 151902 | Total |
| Program Services | 750 | ProgramServices |
| Management And General | 151152 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 90530 | Total |
| Management And General | 90530 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1658684 | Total |
| Management And General | 1658684 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 416956 | Total |
| Program Services | 370672 | ProgramServices |
| Management And General | 46284 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3052942 | Total |
| Program Services | 2726067 | ProgramServices |
| Management And General | 239678 | ManagementAndGeneral |
| Fundraising | 87197 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1817545 | Total |
| Program Services | 1700695 | ProgramServices |
| Management And General | 75870 | ManagementAndGeneral |
| Fundraising | 40980 | Fundraising |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3411253 | Total |
| Program Services | 3397477 | ProgramServices |
| Management And General | 13776 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5284889 | Total |
| Program Services | 5048360 | ProgramServices |
| Management And General | 127968 | ManagementAndGeneral |
| Fundraising | 108561 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1678801 | Total |
| Program Services | 1439678 | ProgramServices |
| Management And General | 135107 | ManagementAndGeneral |
| Fundraising | 104016 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4159650 | Total |
| Program Services | 2970947 | ProgramServices |
| Management And General | 1188703 | ManagementAndGeneral |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11200406 | Total |
| Program Services | 9845555 | ProgramServices |
| Management And General | 1354851 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 664343 | Total |
| Program Services | 340727 | ProgramServices |
| Management And General | 323616 | ManagementAndGeneral |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| STUDENT MEAL PLAN COSTS | 5459763 | 5459763 | ||
| POSTAGE | 454586 | 308806 | 98049 | 47731 |
| EQUIPMENT RENTAL & MAINTENANCE | 1515289 | 1352329 | 152057 | 10903 |
| MEMBERSHIPS | 283692 | 161514 | 115691 | 6487 |
| PRINTING & PUBLICATIONS | 1448170 | 488688 | 847510 | 111972 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1686180 | Total |
| Program Services | -578950 | ProgramServices |
| Management And General | 2133004 | ManagementAndGeneral |
| Fundraising | 132126 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 162238617 | Total |
| Program Services | 142843695 | ProgramServices |
| Management And General | 15488108 | ManagementAndGeneral |
| Fundraising | 3906814 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15068 | BOY |
| EOY | 13989 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5531416 | BOY |
| EOY | 8876551 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21627447 | BOY |
| EOY | 11207308 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1255546 | BOY |
| EOY | 677863 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 75000 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6326850 | BOY |
| EOY | 6079475 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 957834 | BOY |
| EOY | 789694 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1170587 | BOY |
| EOY | 1579941 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 366605514 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 108323154 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 264687794 | BOY |
| EOY | 258282360 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 42611681 | BOY |
| EOY | 49044879 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 430558170 | BOY |
| EOY | 485142763 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4330245 | BOY |
| EOY | 4038509 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 779072638 | BOY |
| EOY | 825808332 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6158062 | BOY |
| EOY | 6166302 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6652135 | BOY |
| EOY | 8196620 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 105298372 | BOY |
| EOY | 104195000 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8400000 | BOY |
| EOY | 6400000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14440229 | BOY |
| EOY | 16774137 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 140948798 | BOY |
| EOY | 141732059 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 244963626 | BOY |
| EOY | 253629613 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 261093566 | BOY |
| EOY | 291675361 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 132066648 | BOY |
| EOY | 138771299 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 638123840 | BOY |
| EOY | 684076273 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 779072638 | BOY |
| EOY | 825808332 | 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 Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | true | FederalGrantAuditRequired |
| Federal Grant Audit Performed | true | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Funds Held | 7 | NumberFundsHeld |
| Contrib To Funds And Other Accounts | 196315 | ContribToFundsAndOtherAccounts |
| Grants Funds And Other Accounts | 278151 | GrantsFundsAndOtherAccounts |
| Aggregate Fund Value | 1771404 | AggregateFundValue |
Art Public Exhibition Amts ArtPublicExhibitionAmts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenues Included | 18500 | RevenuesIncluded |
| Assets In Part X | 3750499 | AssetsInPartX |
Held Works Of Art Amts HeldWorksOfArtAmts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenues Included | 0 | RevenuesIncluded |
| Assets In Part X | 0 | AssetsInPartX |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Preservation | X | CollectUsedForPreservation |
| Solicited Assets For Sale | false | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 444222694 | BeginningOfYearBalance |
| Contributions | 12775369 | Contributions |
| Investment Earnings Or Losses | 63490049 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 7095624 | GrantsOrScholarships |
| Other Expenditures | 13295032 | OtherExpenditures |
| Administrative Expenses | 1815750 | AdministrativeExpenses |
| End Of Year Balance | 498281706 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 560043828 | BeginningOfYearBalance |
| Contributions | 6763295 | Contributions |
| Investment Earnings Or Losses | -101686200 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 6600326 | GrantsOrScholarships |
| Other Expenditures | 12864664 | OtherExpenditures |
| Administrative Expenses | 1433240 | AdministrativeExpenses |
| End Of Year Balance | 444222693 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.17130 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.26530 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.56340 | TermEndowmentEOYBalance |
| 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 | 22883117 | OtherCostOrOtherBasis |
| Book Value | 22883117 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 268995430 | OtherCostOrOtherBasis |
| Depreciation | 77991580 | Depreciation |
| Book Value | 191003850 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Leasehold Improvements | LeaseholdImprovements |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 69960573 | OtherCostOrOtherBasis |
| Depreciation | 30331574 | Depreciation |
| Book Value | 39628999 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 4766394 | OtherCostOrOtherBasis |
| Book Value | 4766394 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 258282360 | TotalOfBookValueLandBuildings |
| Financial Derivatives | FinancialDerivatives |
Closely Held Equity Interests CloselyHeldEquityInterests
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | 462051178 | BookValue |
| Method Of Valuation | F | MethodOfValuation |
Other Securities OtherSecurities (3 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| STATE STREET INTERNAL CASH | 20677519 | F |
| REAL ESTATE | 2034946 | C |
| REAL ESTATE | 379120 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 485142763 | TotalOfBookValueSecurities |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (11 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| SPLIT INTEREST AGREEMENTS | $3,003,292 |
| STUDENT LOAN ADVANCES | $4,944,580 |
| INTEREST PAYABLE | $781,896 |
| AGENCY FUNDS | $172,682 |
| ACCRUED RETIREMENT EXPENSE | $518,540 |
| ACCRUED MEDICAL CLAIMS | $1,300,000 |
| INTEREST RATE SWAP AGREEMENT | $2,123,311 |
| ASSET RETIREMENT OBLIGATION | $916,770 |
| BOND PREMIUM | $2,065,226 |
| CAPITAL LEASE AGREEMENTS | $849,851 |
| MISCELLANEOUS PAYABLES | $97,989 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 16774137 | TotalOfAmounts |
| Total Revenue | 158843713 | TotalRevenue |
| Total Expenses | 162238617 | TotalExpenses |
| Excess Or Deficit For Year | -3394904 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 49347335 | NetUnrealizedGLOnInvestments |
| Total Adjustments | 49347335 | TotalAdjustments |
| Excess Or Deficit Per FS | 45952431 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 208634256 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 49347335 | NetUnrealizedGainsInvestments |
| Revenue Not Rptd F990 | 49347335 | RevenueNotRptdF990 |
| Revenue Subtotal | 159286921 | RevenueSubtotal |
| Investment Expenses Not Included | 1958479 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | -2401687 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | -443208 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 158843713 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 162681825 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 2401687 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 2401687 | ExpensesNotRptdF990 |
| Expenses Subtotal | 160280138 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 1958479 | InvestmentExpensesNotIncluded2 |
| Expenses Not Rptd On Fin Stmt | 1958479 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 162238617 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| FIN 48 Footnote | Schedule D-Part X | The University's policy is to record a liability for any tax position taken that is benefical to the University, including any related interest and penalities, when it is more likely than not the position taken by management with respect to a transaction or class of transactions will be overturned by a taxing authority upon examination. Management believes there are no such positions as of June 30, 2010 and 2009 and, accordingly, no liability has been accrued. |
| Uses of Endowment Funds | Schedule D-Part V, line 4 | The University's endowment consists of over 800 separate funds established over many years for scholarships, professorships, lectureships, academic programs and awards, building maintenance, and general institutional support. The overall financial objectives of the endowment are to support the current and future operations of Furman University and to preserve and enhance the purchasing power of the University's endowment. The Board of Trustees designates only a portion of the University's cumulative investment return for support of current operations; the remainder is retained to support operations of future years and to offset potential market declines. The amount computed under the endowment spending policy of the investment pool is used to support current operations. The University expects the current spending policy to allow its endowment to maintain its purchasing power by growing at a rate equal to or greater than planned payouts. |
| Revenue Reconciliation | Schedule D-Part XII, line 4b | Other amounts included on Form 990, Part VIII, line 12, but not on line 1 above include rental expenses of $804,838, cost of goods sold of $1,478,447 and direct costs of fundraising of $118,404. |
| Expense Reconciliation | Part XIII, Line 2d | Other amounts included in total expenses per financial statements, but not on Form 990, Part IX, line 25 include rental expenses of $804,838 cost of goods sold of $1,478,447, and direct costs of fundraising of $118,404. |
| Collections of Art and Historical Treasures | Schedule D, Part III, Line 4 | The University has a collection of decorative and fine art materials that is both extensive and diverse. Comprised of over 2,600 objects, many pieces are displayed throughout campus, while others are preserved. The objects have been generously donated to Furman and the objects connect the University to the wider world and are gateways to studying many different time periods, cultures, and disciplines. The collection's main purposes are to preserve the objects for future generations, educational opportunities, and exhibits. |
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 University's nondiscrimination policy statement is accessible on all pages of the University's website for prospective students, employment applicants and the general public. Additionally, the nondiscrimination policy statement is included in all brochures, catalogues, newspaper advertisements and other written communication with the public related to student admissions, programs, and scholarships as well as employment opportunities. | 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 University participates in the Pell Grant Program, The Supplemental Educational Opportunity Grants Program, College Work Study Programs, and The Perkins Loan Program. Additionally, the University has received a number of grants from The National Science Foundation, The United States Department of Education, The Department of Health and Human Services, and The Library of Congress. | GovtFinancialAidExplanation |
| Compliance With Rev Proc7550 | true | ComplianceWithRevProc7550 |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | true | GrantRecordsMaintained |
Accts Actvs Out US Table AcctsActvsOutUSTable (14 entries)
| RegionRegion | Number Of OfficesNumberOfOffices | Number Of EmployeesNumberOfEmployees | Type Of Activities ConductedTypeOfActivitiesConducted | Specific Services ProvidedSpecificServicesProvided | Total ExpendituresTotalExpenditures |
|---|---|---|---|---|---|
| Central America and the Caribbean | 0 | 0 | Program Services | Study Away-Instruction | 136663 |
| Central America and the Caribbean | 0 | 0 | Program Services | Student Scholarships | 277076 |
| East Asia and the Pacific | 0 | 0 | Program Services | Study Away-Instruction | 171020 |
| East Asia and the Pacific | 0 | 0 | Program Services | Student Scholarships | 284788 |
| Europe (Including Iceland and Greenland) | 0 | 0 | Program Services | Study Away-Instruction | 1652913 |
| Europe (Including Iceland and Greenland) | 0 | 0 | Program Services | Student Scholarships | 218995 |
| North America | 0 | 0 | Program Services | Student Scholarships | 62013 |
| Russia and the Newly Independent States | 0 | 0 | Program Services | Student Scholarships | 44822 |
| South America | 0 | 0 | Program Services | Student Scholarships | 84096 |
| South Asia | 0 | 0 | Program Services | Study Away-Instruction | 151083 |
| South Asia | 0 | 0 | Program Services | Student Scholarships | 127146 |
| Sub-Saharan Africa | 0 | 0 | Program Services | Study Away-Instruction | 323859 |
| Sub-Saharan Africa | 0 | 0 | Program Services | Student Scholarships | 45000 |
| East Asia and the Pacific | 0 | 38 | Program Services | CAROC Chinese Smr Inst | 24024 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Number Of Offices | 0 | TotalNumberOfOffices |
| Total Number Of Employees | 38 | TotalNumberOfEmployees |
| Total Amount Spent | 3603498 | TotalAmountSpent |
| No Recipient Over5 K | X | NoRecipientOver5K |
Grants To Ind Outside US GrantsToIndOutsideUS (8 entries)
| Type Of AssistanceTypeOfAssistance | RegionRegion | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant | Manner Of Cash DisbursementMannerOfCashDisbursement |
|---|---|---|---|---|
| Scholarships to attend Furman University | Cent. America/Caribbean | 10 | 277076 | reduce fees |
| Scholarships to attend Furman University | East Asia/Pacific | 13 | 284788 | reduce fees |
| Scholarships to attend Furman University | Europe/Iceland/Greenland | 8 | 218995 | reduce fees |
| Scholarships to attend Furman University | North America | 2 | 62013 | reduce fees |
| Scholarships to attend Furman University | Russia | 1 | 44822 | reduce fees |
| Scholarships to attend Furman University | South America | 4 | 84096 | reduce fees |
| Scholarships to attend Furman University | South Asia | 4 | 127146 | reduce fees |
| Scholarships to attend Furman University | Sub-Saharan Africa | 3 | 45000 | reduce fees |
Form990 Schedule F Part IV Form990ScheduleFPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Monitoring the use of grant funds | Identifier |
| Return Reference | Schedule F, Part I, Line 2 | ReturnReference |
| Explanation | Furman provides scholarships and/or financial aid to individuals outside of the United States to attend the university. These grants for international students are awarded based on need, merit, and/or goodwill and cover the costs of tuition, room and board. The scholarship and/or financial aid is applied by the Financial Aid Department directly against the student's account with the University as a reduction in fees. As a result, the grant can only be used for its intended purpose (i.e. cost of attendence) and can not be diverted from this use. | Explanation |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | Football Golf | NameOfEvent1 |
| Gross Receipts Event1 | 45675 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 11238 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 34437 | GrossRevenueEvent1 |
| Cash Prizes Event1 | 0 | CashPrizesEvent1 |
| Non Cash Prizes Event1 | 2454 | NonCashPrizesEvent1 |
| Rent Facility Costs Event1 | 9658 | RentFacilityCostsEvent1 |
| Food And Beverage Event1 | 1012 | FoodAndBeverageEvent1 |
| Entertainment Event1 | 0 | EntertainmentEvent1 |
| Other Direct Expenses Event1 | 2067 | OtherDirectExpensesEvent1 |
| Name Of Event2 | Golf Tournament | NameOfEvent2 |
| Gross Receipts Event2 | 38500 | GrossReceiptsEvent2 |
| Charitable Contributions Event2 | 0 | CharitableContributionsEvent2 |
| Gross Revenue Event2 | 38500 | GrossRevenueEvent2 |
| Cash Prizes Event2 | 0 | CashPrizesEvent2 |
| Non Cash Prizes Event2 | 3090 | NonCashPrizesEvent2 |
| Rent Facility Costs Event2 | 1000 | RentFacilityCostsEvent2 |
| Food And Beverage Event2 | 3884 | FoodAndBeverageEvent2 |
| Entertainment Event2 | 0 | EntertainmentEvent2 |
| Other Direct Expenses Event2 | 22174 | OtherDirectExpensesEvent2 |
| Total Number Of Other Events | 9 | TotalNumberOfOtherEvents |
| Gross Receipts Other Events | 149534 | GrossReceiptsOtherEvents |
| Charitable Contrib Other Events | 50028 | CharitableContribOtherEvents |
| Gross Revenue Other Events | 99506 | GrossRevenueOtherEvents |
| Cash Prizes Other Events | 0 | CashPrizesOtherEvents |
| Non Cash Prizes Other Events | 8606 | NonCashPrizesOtherEvents |
| Rent Facility Costs Other Events | 11033 | RentFacilityCostsOtherEvents |
| Food And Beverage Other Events | 24102 | FoodAndBeverageOtherEvents |
| Entertainment Other Events | 0 | EntertainmentOtherEvents |
| Other Direct Expenses Other Events | 25235 | OtherDirectExpensesOtherEvents |
| Gross Receipts Total | 233709 | GrossReceiptsTotal |
| Charitable Contributions Total | 61266 | CharitableContributionsTotal |
| Gross Revenue Total Events | 172443 | GrossRevenueTotalEvents |
| Cash Prizes Total Events | 0 | CashPrizesTotalEvents |
| Non Cash Prizes Total Events | 14150 | NonCashPrizesTotalEvents |
| Rent Facility Costs Total Events | 21691 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 28998 | FoodAndBeverageTotalEvents |
| Entertainment Total Events | 0 | EntertainmentTotalEvents |
| Other Direct Expenses Total Events | 49476 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 114315 | DirectExpenseSummaryEvents |
| Net Income Summary | 58128 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Recipient Table RecipientTable (4 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | Purpose Of GrantPurposeOfGrant |
|---|---|---|---|---|---|---|---|
| Upcountry History Museum | |||||||
| 540 Buncombe Street | Greenville | SC | 29601 | 570833796 | 501(c)(3) | 10000 | Annual Support |
| Greenville Forward | |||||||
| 14 Manly Street | Greenville | SC | 29601 | 204177118 | 501(c)(3) | 15000 | Campaign Pledge |
| Community Foundation of Greenville | |||||||
| 27 Cleveland Street Suite 101 | Greenville | SC | 29601 | 576019318 | 501(c)(3) | 13043 | Grant/Campaign Pledge |
| Bethlehem Ministry Inc | |||||||
| 386 Milledge Circle | Athens | GA | 30606 | 582057480 | 501(c)(3) | 15615 | Haiti Earthquake Relief |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 4 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 0 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part III Form990ScheduleIPartIII (15 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant | Amount Of Non Cash AssistanceAmountOfNonCashAssistance | Method Of ValuationMethodOfValuation | Description Of Non Cash AssistanceDescriptionOfNonCashAssistance |
|---|---|---|---|---|---|
| Scholarships to attend Furman University | 2095 | 41679248 | |||
| Tuition Benefit Grant Program(not attending Furman | 58 | 151815 | |||
| Furman Advantage Intern, Research, & Fellowship | 311 | 410435 | |||
| Chemistry Master Program & Research Stipends | 9 | 44700 | |||
| Hollingsworth Intern & Research Stipends | 14 | 28000 | |||
| Campbell Scholar Stipends | 12 | 24000 | |||
| Freeman Foundation Stipends | 13 | 3900 | |||
| Herring Intern Stipend | 1 | 4467 | |||
| EPA/Upstate Forever Intern Stipend | 2 | 2000 | |||
| Bridges to a Brighter Future Stipends | 60 | 15600 | |||
| Other Student Research Stipends | 148 | 331250 | |||
| Student Academic/Department Awards | 95 | 50482 | |||
| Student Academic/Departmental Awards | 45 | 1582 | Cost | Medallions | |
| Student Academic Stipends | 27390 | ||||
| Other Assistance to Employees/Retirees/Students | 5 | 10440 |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Monitoring the use of Grant Funds | Identifier |
| Return Reference | Schedule I, Part I, Line 2 | ReturnReference |
| Explanation | Furman provides scholarships and financial aid to individuals in the United States to attend the university. The scholarships and aid for such students are awarded based on need and merit and cover the costs of tuition, room and board. The scholarship and/or financial aid is awarded based on institutional policy and standards set forth by the US Department of Education and the State of South Carolina. The University's Financial Aid Department monitors the compliance with such regulations. The scholarship and/or financial aid is applied by the Financial Aid Department directly against the student's account with the University as a reduction in fees. As a result, the grant can only be used for its intended purpose (i.e. cost of attendence) and can not be diverted from this use. Other types of grants provided consist of research, internship or fellowship grants to students. Such grants are given and monitored by the academic department giving the grant or the Undergraduate Research and Internship Department. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | X | TravelForCompanions |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | true | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (17 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| David E Shi | |||||||||||||
| 367091 | 0 | 0 | 0 | 92808 | 0 | 62844 | 0 | 3167 | 0 | 525910 | 0 | 0 | 0 |
| Thomas A Kazee | |||||||||||||
| 190179 | 0 | 0 | 0 | 37632 | 0 | 28622 | 0 | 1560 | 0 | 257993 | 0 | 0 | 0 |
| William Berg | |||||||||||||
| 118854 | 0 | 0 | 0 | 4173 | 0 | 15231 | 0 | 3923 | 0 | 142181 | 0 | 0 | 0 |
| Connie L Carson | |||||||||||||
| 133568 | 0 | 1243 | 0 | 1419 | 0 | 17037 | 0 | 1440 | 0 | 154707 | 0 | 0 | 0 |
| Michael Gatchell | |||||||||||||
| 143564 | 0 | 0 | 0 | 1799 | 0 | 18548 | 0 | 3880 | 0 | 167791 | 0 | 0 | 0 |
| Mary Lou Merkt | |||||||||||||
| 147339 | 0 | 0 | 0 | 21767 | 0 | 21536 | 0 | 3759 | 0 | 194401 | 0 | 0 | 0 |
| Kristopher N Kapoor | |||||||||||||
| 119097 | 0 | 27730 | 0 | 17753 | 0 | 12790 | 0 | 4175 | 0 | 181545 | 0 | 0 | 0 |
| Fredrick M Miller | |||||||||||||
| 145889 | 0 | 0 | 0 | 1354 | 0 | 19000 | 0 | 4959 | 0 | 171202 | 0 | 0 | 0 |
| John Beckford | |||||||||||||
| 129464 | 0 | 1243 | 0 | 1280 | 0 | 16875 | 0 | 4547 | 0 | 153409 | 0 | 0 | 0 |
| Gary Clark | |||||||||||||
| 119179 | 0 | 0 | 0 | 6753 | 0 | 15526 | 0 | 3521 | 0 | 144979 | 0 | 0 | 0 |
| Robert E Lamb | |||||||||||||
| 118423 | 0 | 0 | 0 | 5412 | 0 | 15398 | 0 | 3840 | 0 | 143073 | 0 | 0 | 0 |
| Lon B Knight | |||||||||||||
| 162584 | 0 | 0 | 0 | 22999 | 0 | 21572 | 0 | 4291 | 0 | 211446 | 0 | 0 | 0 |
| Kenneth C Abernathy | |||||||||||||
| 178431 | 0 | 0 | 0 | 5528 | 0 | 17266 | 0 | 3238 | 0 | 204463 | 0 | 0 | 0 |
| William J Pierce | |||||||||||||
| 136605 | 0 | 0 | 0 | 23574 | 0 | 17392 | 0 | 2481 | 0 | 180052 | 0 | 0 | 0 |
| James L Guth | |||||||||||||
| 133876 | 0 | 0 | 0 | 23654 | 0 | 14813 | 0 | 7967 | 0 | 180310 | 0 | 0 | 0 |
| Charles L Brewer | |||||||||||||
| 135414 | 0 | 0 | 0 | 24472 | 0 | 20279 | 0 | 4591 | 0 | 184756 | 0 | 0 | 0 |
| Gregory Carroll | |||||||||||||
| 96220 | 0 | 0 | 0 | 10536 | 0 | 12601 | 0 | 4205 | 0 | 123562 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (4 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Supplemental Nonqualified Retirement Plan | Schedule J-Part I, Line 4b | The University contributes to a Supplemental Executive Retirement Plan (SERP) for the benefit of Dr. David Shi, President of the University. The purpose of the plan is to offer Dr. Shi deferred compensation benefits taxable under Section 457(f) of the Code. The amount the university contributes to the SERP is equal to two times the amount of Dr. Shi's contribution to the 457(b) Deferred Compensation Plan for Furman University. The amount contributed by the University for calendar year 2009 was $33,000. |
| Residence for Personal Use | Schedule J, Part I, Line 1a | The President of the university and his family reside at White Oaks which is the offical residence of the President. The residence is owned and maintained by the University. Cleaning, maintenance, and grounds keeping services are provided by the University for public areas of the residence only. |
| Social Club Dues | Schedule J, Part I, Line 1a | The University pays the social club membership dues to The Poinsett Club in Greenville, South Carolina for the President of the University and the Vice President of Development. The purpose of the social club memberships is to meet with donors and other supporters of the University. |
| Travel for Companions | Schedule J, Part I, Line 1a | In some instances the President's wife will accompany him on trips for a specific business purpose such as meetings with donors and other supporters of the University. |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (3 entries)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer |
|---|---|---|---|---|---|---|
| Educ Facilities Authority for Private NonProfit | ||||||
| 576000286 | 836896GB0 | 2006-04-19 | 41545074 | Construction & Capital Improvement | false | false |
| Educ Facilities Authority for Private Nonprofit | ||||||
| 576000286 | 836896GE4 | 2006-07-06 | 46660000 | Refunding & Capital Improvements | false | false |
| Educ Facilities Authority for Private Nonprofit | ||||||
| 576000286 | 836896JA9 | 2010-03-18 | 21867529 | Refunding & Capital Improvements | false | false |
Form990 Schedule K Part II Form990ScheduleKPartII (3 entries)
| Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind | Total ProceedsTotalProceeds | Amount DefeasedAmountDefeased | Amount UnspentAmountUnspent | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Working Capital ExpendituresWorkingCapitalExpenditures | Capital ExpendituresCapitalExpenditures |
|---|---|---|---|---|---|---|---|---|---|---|
| 2008 | false | false | true | true | ||||||
| 2008 | true | false | true | true | ||||||
| true | true | false | true | 21755687 | 20478628 | 1000000 | 277059 | 0 | 0 |
Form990 Schedule K Part III Form990ScheduleKPartIII (3 entries)
| Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Bond Counsel Routinely EngagedBondCounselRoutinelyEngaged | Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers | Percentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBI | Total Private Business UseTotalPrivateBusinessUse | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|---|---|---|---|
| false | false | false | false | true | 0.00000 | 0.00000 | 0.00000 | true |
| false | false | false | false | true | 0.00000 | 0.00000 | 0.00000 | true |
| false | false | false | false | true | 0.00000 | 0.00000 | 0.00000 | true |
Form990 Schedule K Part IV Form990ScheduleKPartIV (3 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Term Of GICTermOfGIC | Regulatory Safe Harbor SatisfiedRegulatorySafeHarborSatisfied | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate | Term Of HedgeTermOfHedge |
|---|---|---|---|---|---|---|---|---|
| HYPO Public Finance | ||||||||
| false | false | false | true | 2.2 | true | false | true | |
| Wells Fargo | ||||||||
| true | true | true | true | 1.8 | true | false | false | 20. |
| (no name) | ||||||||
| false | false | false | false | |||||
Schedule L IRS990ScheduleL
Loan Table LoanTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Rodney Smolla | NamePerson |
| Purpose Of Loan | relocation loan | PurposeOfLoan |
| Loan From Organization | X | LoanFromOrganization |
| Original Principal | $75,000 | OriginalPrincipalAmount |
| Balance Due | 75000 | BalanceDue |
| Default | false | Default |
| Approved By Board | true | ApprovedByBoard |
| Written Agreement | true | WrittenAgreement |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 75000 | TotalBalanceDue |
Form990 Schedule L Part III Form990ScheduleLPartIII (2 entries)
| Name Of Interested PersonNameOfInterestedPerson | Relationship With OrganizationRelationshipWithOrganization | Amount Of GrantAmountOfGrant | Type Of AssistanceTypeOfAssistance |
|---|---|---|---|
| NA | N/A | 33856 | Disc Tuition |
| NA | N/A | 30000 | General Scholar |
Schedule M IRS990ScheduleM
| Field | Value | IRS element (for citing) |
|---|---|---|
| Works Of Art | WorksOfArt |
Art Historical Treasures ArtHistoricalTreasures
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 18500 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | opinion of experts | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Fractional Interest | ArtFractionalInterest |
Books And Publications BooksAndPublications
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Noncash Contribs Rptd F990 | 7 | NoncashContribsRptdF990 |
Clothing And Household Goods ClothingAndHouseholdGoods
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Noncash Contribs Rptd F990 | 1760 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | replacement cost | MethodOfDeterminingRevenues |
Cars And Other Vehicles CarsAndOtherVehicles
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 2 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 9490 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | replacement cost | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Boats And Planes | BoatsAndPlanes | |
| Intellectual Property | IntellectualProperty |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 50 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 974092 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | stock price | MethodOfDeterminingRevenues |
Securities Closely Held Stock SecuritiesCloselyHeldStock
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 2 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 196315 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | independent value | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities Prtnrshp Trust Intrsts | SecuritiesPrtnrshpTrustIntrsts | |
| Securities Miscellaneous | SecuritiesMiscellaneous | |
| Qualified Contrib Hist Struct | QualifiedContribHistStruct | |
| Qualified Contrib Other | QualifiedContribOther | |
| Real Estate Residential | RealEstateResidential | |
| Real Estate Commercial | RealEstateCommercial | |
| Real Estate Other | RealEstateOther |
Collectibles Collectibles
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 7 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 4088 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | opinion of experts | MethodOfDeterminingRevenues |
Food Inventory FoodInventory
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 9 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 18611 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | selling price | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Drugs And Medical Supplies | DrugsAndMedicalSupplies | |
| Taxidermy | Taxidermy | |
| Historical Artifacts | HistoricalArtifacts | |
| Scientific Specimens | ScientificSpecimens | |
| Archaeological Artifacts | ArchaeologicalArtifacts |
Other Non Cash Contributions Table OtherNonCashContributionsTable (3 entries)
| Non Cash CheckboxNonCashCheckbox | DescriptionDescription | Number Of ContributionsNumberOfContributions | Noncash Contribs Rptd F990NoncashContribsRptdF990 | Method Of Determining RevenuesMethodOfDeterminingRevenues |
|---|---|---|---|---|
| X | Wireless Equipment | 1 | 5702 | selling price |
| X | Insurance Premiums | 2 | 1097 | cost |
| X | Football Tickets | 6 | 108 | selling price |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 4 | NumberOf8283Received |
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | true | ReviewProcessUnusualNCGifts |
| Third Parties Used | false | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Number of Contributions | Identifier |
| Return Reference | Schedule M-Part I, Column(b) | ReturnReference |
| Explanation | Furman University is entering the number of contributions received of each type in accordance with the university's recordkeeping practices. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Review Process of 990 | Part VI, Section B, Line 11A | The university's Audit Committee of the Board of Trustees, Vice President of Business Affairs, and Controller received a copy of the prepared Form 990 to review prior to filing with the IRS. Any specific issues and/or questions that arose during the review process were addressed. A copy of the final Form 990, as filed with the IRS, was electronically provided to the members of the Audit Committee prior to its filing. The Public Information Copy of Form 990 was provided electronically to each voting member of the university's Board of Trustees prior to its filing with the IRS. |
| Audited Financial Statements | Part XI, line 2b | Furman University has an annual audit and issues consolidated financial statements of the University and the Furman University Foundation. |
| Conflict of Interest Policy | Part VI, Section B, Line 12c | The Conflicts of Interest Policy for the Board of Trustees is inclued in Section 9 of the Furman University By-Laws. Each member of the Board of Trustees is required to complete a Conflicts of Interest Disclosure Form at the first meeting of each academic year. Each Trustee shall disclose to the Board Chair any additional potential conflicts of interest at the earliest practical time. Additionally, the University has a Conflicts of Interest Policy for Employees with Executive or Administrative Responsibilities as the University recognizes that such employees have a duty of loyalty and fidelity in carrying out their responsibilities. This policy applies to those employees designated by the President as having executive or administrative responsibilities. Each such employee is required, at least annually, to complete the Questionnaire for Employees with Executive or Administrative Responsibilities. This questionnaire requires disclosure of any potential conflicts of interest and is administered by the Human Resoures Department. |
| Disclosure | Part VI, Section C, Line 19 | Furman University makes its governing documents, conflicts of interest policy, and financial statements available upon request. Additionally, the University's consoldiated financial statements and Form 990 can be found on the Furman website. The consolidated financial statements are included on the NACUBO website. |
| Compensation Process | Part VI, Section B, Line 15 | The compensation of the University's President is determined annually by the Presidential Compensation Committee of the Board of Trustees. The committee commissions studies of peer institution's executive compensation conducted by independent consultants. Final compensation is approved by the full Board of Trustees on an annual basis. Annually a written employment contract is given to the President and signed by both parties. Annually, the vice presidents' and key employees' salaries are increased by the same percentage as all other university employees. |
| Whistleblower Policy | Part VI, Section B, Line 13 | The Furman University Whistleblower Policy was set forth to establish policies and procedures for the submission of concerns surrounding questionable accounting or auditing practices by any member of the Furman community, the receipt, retention, and treatment of complaints received, and the protection of those individuals reporting the concerns. All reported concerns are to be forwarded to the Chairperson of the Trustee Audit Committee in accordance with the procedures set forth in the policy. The Audit Committee shall be responsible for investigating and making appropriate recommendations to the Board of Trustees with respect to reported concerns, as deemed appropriate. Anyone reporting a concern must act in good faith and reports shall be kept confidental to the extent possible. |
| Transactions with Related Organizations | Schedule R- Part V, Lines 1 and 2 | Any transaction which occurred between Furman University and either the Furman University Foundation or Furman Center for Advanced Technology for the tax year ended June 30, 2010, did not exceed the $50,000 threshold. |
| Transactions with Related Organization-Hollingsworth Funds Inc | Schedule R, Part V, Line 2 | Furman University is the primary beneficary of the Hollingsworth Funds, Inc. which was established in 1977 by John D. Hollingsworth. For the year ended June 30, 2010 the university received from the Hollingsworth Fund, a cash grant in the amount of $1,808,966. Of this amount, $1,495,000 was specified for the Hollingsworth Scholars Program. The Department of Business and Accounting and the Department of Economics were allotted $195,000 and $118,966, respectively, for other needs of the University. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (3 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Direct Controlling Entity NADirectControllingEntityNA |
|---|---|---|---|---|---|---|---|---|---|---|
| Furman University Foundation | ||||||||||
| 3300 Poinsett Highway | Greenville | SC | 29613 | 571061363 | Foundation | SC | 501(C)(3) | 11b Type II | NA | |
| Furman Center for Advanced Technology | ||||||||||
| 3300 Poinsett Highway | Greenville | SC | 29613 | 571075150 | Education | SC | 501(C)(3) | 11b Type II | N/A | |
| Hollingsworth Funds Inc | ||||||||||
| 124 Verdae Boulevard Suite 104 | Greenville | SC | 29607 | 571003814 | Charitable | SC | 501(C)(3) | 11a Type I | NA | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | false | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | false | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | true | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | false | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | false | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | false | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | false | SharingOfFacilities |
| Sharing Of Paid Employees | false | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | false | OtherTransferToOtherOrg |
| Other Transfer From Other Org | false | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable
Name Of Other Organization NameOfOtherOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Hollingsworth Funds Inc | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | C | TransactionType |
| Amount Involved | 1808966 | AmountInvolved |