MEMPHIS COLLEGE OF ART: Form 990, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- MEMPHIS COLLEGE OF ART (EIN 62-0544854)
- Tax period
- 2018-07-01 to 2019-06-30
- Filed
- 2020-02-19
- IRS object ID
- 202040509349300304
- Schema version
- 2018v3.1
- 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 G
- Schedule I
- Schedule J
- Schedule K
- Schedule N
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-02-19T12:43:39-06:00 | ReturnTs |
| Tax Period End | 2019-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 560747981 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DIXON HUGHES GOODMAN LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 999 S SHADY GROVE RD STE 400 | AddressLine1Txt |
| City | MEMPHIS | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 38120 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2018-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 620544854 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MEMPHIS COLLEGE OF ART | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MEMP | BusinessNameControlTxt |
| Phone | 9012725100 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1930 POPLAR AVENUE | AddressLine1Txt |
| City | MEMPHIS | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 38104 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LISA P ZYRIEK | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 9012725125 | PhoneNum |
| Signature | 2020-02-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | AMY M DOOLIN | PreparerPersonNm |
| PTIN | P01297217 | PTIN |
| Phone | 9017613000 | PhoneNum |
| Preparation | 2020-02-13 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 4.16.119.113 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2020-02-13 | IPDt |
| IP Tm | 08:33:22 | IPTm |
| IP Timezone | CS | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 24B6B5FD99F8E5425F63CC9FF33883586CC1C14C | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2020-09-23 17:36:50Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | LAURA HINE | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1930 POPLAR AVENUE | AddressLine1Txt |
| City | MEMPHIS | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 38104 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $12,783,969 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.MCA.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1936 | FormationYr |
| Legal Domicile State | TN | LegalDomicileStateCd |
| Activity Or Mission | SEE SCHEDULE 0 | ActivityOrMissionDesc |
| Contract Termination | Yes (X) | ContractTerminationInd |
| Voting Members Governing Body | 10 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 10 | VotingMembersIndependentCnt |
| Total Employee | 193 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $2,223,015 | PYContributionsGrantsAmt |
| CY Contributions Grants | $103,553 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $9,151,509 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $3,892,653 | CYProgramServiceRevenueAmt |
| PY Investment Income | $637,708 | PYInvestmentIncomeAmt |
| CY Investment Income | $2,024,970 | CYInvestmentIncomeAmt |
| PY Other Revenue | $822,372 | PYOtherRevenueAmt |
| CY Other Revenue | $361,468 | CYOtherRevenueAmt |
| PY Total Revenue | $12,834,604 | PYTotalRevenueAmt |
| CY Total Revenue | $6,382,644 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $3,920,491 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $1,506,786 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $4,347,506 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $2,817,455 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $100,900 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $19,163,557 | PYOtherExpensesAmt |
| CY Other Expenses | $2,408,321 | CYOtherExpensesAmt |
| PY Total Expenses | $27,431,554 | PYTotalExpensesAmt |
| CY Total Expenses | $6,732,562 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$14,596,950 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$349,918 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $17,859,407 | TotalAssetsBOYAmt |
| Total Assets EOY | $8,527,037 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $17,651,153 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $8,065,140 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $208,254 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $461,897 | NetAssetsOrFundBalancesEOYAmt |
| Mission | MEMPHIS COLLEGE OF ART IS DEDICATED TO TEACHING THE PRACTICE, HISTORY AND APPRECIATION OF VISUAL ART AND DESIGN; CHALLENGING ALL STUDENTS TO REACH THEIR HIGHEST INDIVIDUAL POTENTIAL, AND PREPARING GRADUATES TO SUCCEED IN THEIR CAREERS AND CHANGE THE WORLD. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $4,554,782 | ExpenseAmt |
| Grant | $1,506,786 | GrantAmt |
| Revenue | $4,046,443 | RevenueAmt |
| Desc | EDUCATIONAL INSTRUCTION FOR STUDENTS IN DEGREE PROGRAMS AND CONTINUING EDUCATION COURSES FOR ADDITIONAL STUDENTS. | Desc |
| Total Program Service Expenses | $4,554,782 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | Yes (1) | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 53 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 193 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 10 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 10 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | TN | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LISA P ZYRIEK | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9012725106 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1930 POPLAR AVENUE | AddressLine1Txt |
| City | MEMPHIS | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 38104 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (12 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd |
|---|---|---|---|---|---|---|
| HENRY DOGGRELL | ||||||
| CHAIR | 5.00 | Yes (X) | $0 | $0 | $0 | |
| MICHAEL V LANDRUM | ||||||
| TREASURER | 3.00 | Yes (X) | $0 | $0 | $0 | |
| CECIL C HUMPHREYS JR | ||||||
| SECRETARY | 2.00 | Yes (X) | $0 | $0 | $0 | |
| GARY BACKAUS | ||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| ALLISON GARROTT BRASWELL | ||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| JIM GILLILAND | ||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| RHYNETTE HURD | ||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| SUE LAYMAN LIGHTMAN | ||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| MURRAY RISS | ||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| TATE WILSON | ||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| LAURA HINE | ||||||
| PRESIDENT | 40.00 | $173,900 | $0 | $15,371 | Yes (X) | |
| LISA ZYRIEK | ||||||
| CFO | 40.00 | $131,390 | $0 | $8,649 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $305,290 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $24,020 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 2 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (2 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| PEACOCK POPLAR LLC | |||||
| 1969 POPLAR AVENUE | MEMPHIS | TN | 38104 | RENT | $192,000 |
| WINDSTREAM | |||||
| PO BOX 9001013 | LOUISVILLE | KY | 40290 | INTERNET SERVICE | $158,770 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 2 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $103,553 | AllOtherContributionsAmt |
| Total Contributions | $103,553 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | TUITION AND FEES | Desc |
| Business | 611710 | BusinessCd |
| Total Revenue Column | $3,892,653 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $3,892,653 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $3,892,653 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $93,744 | TotalRevenueColumnAmt |
| Exclusion | $93,744 | ExclusionAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $593 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -$593 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$593 | TotalRevenueColumnAmt |
| Exclusion | -$593 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $3,842,612 | SecuritiesAmt |
| Other | $4,353,233 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $3,865,018 | SecuritiesAmt |
| Other | $2,399,601 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$22,406 | SecuritiesAmt |
| Other | $1,953,632 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,931,226 | TotalRevenueColumnAmt |
| Exclusion | $1,931,226 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $76,758 | FundraisingGrossIncomeAmt |
| Fundraising Direct Expenses | $55,740 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $21,018 | TotalRevenueColumnAmt |
| Exclusion | $21,018 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $19,423 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $80,373 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$60,950 | TotalRevenueColumnAmt |
| Exclusion | -$60,950 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|---|
| STUDENT HOUSING | 531110 | $248,203 | $248,203 | |
| OTHER INCOME | 611710 | $153,790 | $153,790 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $401,993 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $6,382,644 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $4,046,443 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $2,232,648 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,506,786 | TotalAmt |
| Program Services | $1,506,786 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $342,404 | TotalAmt |
| Program Services | $63,889 | ProgramServicesAmt |
| Management And General | $195,882 | ManagementAndGeneralAmt |
| Fundraising | $82,633 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,084,524 | TotalAmt |
| Program Services | $1,737,172 | ProgramServicesAmt |
| Management And General | $342,790 | ManagementAndGeneralAmt |
| Fundraising | $4,562 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $61,604 | TotalAmt |
| Program Services | $48,517 | ProgramServicesAmt |
| Management And General | $11,811 | ManagementAndGeneralAmt |
| Fundraising | $1,276 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $157,961 | TotalAmt |
| Program Services | $127,474 | ProgramServicesAmt |
| Management And General | $25,094 | ManagementAndGeneralAmt |
| Fundraising | $5,393 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $170,962 | TotalAmt |
| Program Services | $128,457 | ProgramServicesAmt |
| Management And General | $36,372 | ManagementAndGeneralAmt |
| Fundraising | $6,133 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $76,254 | TotalAmt |
| Management And General | $76,254 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $71,546 | TotalAmt |
| Management And General | $71,546 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $21,695 | TotalAmt |
| Program Services | $21,695 | ProgramServicesAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,103 | TotalAmt |
| Program Services | $14,103 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $173,603 | TotalAmt |
| Program Services | $1,022 | ProgramServicesAmt |
| Management And General | $171,801 | ManagementAndGeneralAmt |
| Fundraising | $780 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $308,674 | TotalAmt |
| Program Services | $5,257 | ProgramServicesAmt |
| Management And General | $303,417 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $455,142 | TotalAmt |
| Program Services | $426,294 | ProgramServicesAmt |
| Management And General | $28,848 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,798 | TotalAmt |
| Program Services | $38 | ProgramServicesAmt |
| Management And General | $1,725 | ManagementAndGeneralAmt |
| Fundraising | $35 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,691 | TotalAmt |
| Program Services | $642 | ProgramServicesAmt |
| Management And General | $1,049 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $711 | TotalAmt |
| Management And General | $711 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $122,317 | TotalAmt |
| Management And General | $122,317 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt | Program ServicesProgramServicesAmt |
|---|---|---|---|---|
| INSTITUTIONAL SUPPORT | $647,101 | $647,013 | $88 | |
| STUDENT HOUSING/SERVICE | $331,205 | $331,205 | ||
| INSTRUCTIONAL EXPENSES | $80,127 | $80,127 | ||
| ACADEMIC SUPPORT | $62,104 | $62,104 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $40,250 | TotalAmt |
| Management And General | $40,250 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,732,562 | TotalAmt |
| Program Services | $4,554,782 | ProgramServicesAmt |
| Management And General | $2,076,880 | ManagementAndGeneralAmt |
| Fundraising | $100,900 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,484,760 | BOYAmt |
| EOY | $3,402,833 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $569,238 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $59,659 | BOYAmt |
| EOY | $30,000 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,697,802 | BOYAmt |
| EOY | $1,068,332 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $23,976,936 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $20,642,667 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,624,389 | BOYAmt |
| EOY | $3,334,269 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,860,660 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $132,137 | BOYAmt |
| EOY | $122,365 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,859,407 | BOYAmt |
| EOY | $8,527,037 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,083,333 | BOYAmt |
| EOY | $4,281,944 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $198,842 | BOYAmt |
| EOY | $46,995 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,522,811 | BOYAmt |
| EOY | $2,989,247 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $846,167 | BOYAmt |
| EOY | $746,954 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,651,153 | BOYAmt |
| EOY | $8,065,140 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$451,889 | BOYAmt |
| EOY | $114,477 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $660,143 | BOYAmt |
| EOY | $347,420 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $208,254 | BOYAmt |
| EOY | $461,897 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,859,407 | BOYAmt |
| EOY | $8,527,037 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$349,918 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $603,561 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Other | Yes (X) | MethodOfAccountingOtherInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| 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) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets Included | $122,365 | AssetsIncludedAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Coll Used Scholarly Rsrch | Yes (X) | CollUsedScholarlyRsrchInd |
| Solicited Assets Sale | 0 | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $4,593,045 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $102,718 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $3,334,171 | GrantsOrScholarshipsAmt |
| Other Expenditures | $96,039 | OtherExpendituresAmt |
| Administrative Expenses | $3,174 | AdministrativeExpensesAmt |
| End Year Balance | $1,262,379 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $4,783,750 | BeginningYearBalanceAmt |
| Contributions | $36,797 | ContributionsAmt |
| Investment Earnings Or Losses | $290,011 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $486,156 | OtherExpendituresAmt |
| Administrative Expenses | $31,357 | AdministrativeExpensesAmt |
| End Year Balance | $4,593,045 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $4,707,191 | BeginningYearBalanceAmt |
| Contributions | $8,600 | ContributionsAmt |
| Investment Earnings Or Losses | $414,893 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $308,348 | OtherExpendituresAmt |
| Administrative Expenses | $38,586 | AdministrativeExpensesAmt |
| End Year Balance | $4,783,750 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $5,073,369 | BeginningYearBalanceAmt |
| Contributions | $27,000 | ContributionsAmt |
| Investment Earnings Or Losses | $10,116 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $369,576 | OtherExpendituresAmt |
| Administrative Expenses | $33,718 | AdministrativeExpensesAmt |
| End Year Balance | $4,707,191 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $5,153,467 | BeginningYearBalanceAmt |
| Contributions | $224,600 | ContributionsAmt |
| Investment Earnings Or Losses | $51,352 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $321,151 | OtherExpendituresAmt |
| Administrative Expenses | $34,899 | AdministrativeExpensesAmt |
| End Year Balance | $5,073,369 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.13310 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.00000 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.86690 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | Yes (1) | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $799,790 | OtherCostOrOtherBasisAmt |
| Book Value | $799,790 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $19,943,075 | OtherCostOrOtherBasisAmt |
| Depreciation | $18,006,088 | DepreciationAmt |
| Book Value | $1,936,987 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,234,071 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,636,579 | DepreciationAmt |
| Book Value | $597,492 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $3,334,269 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PAYABLES RELATED TO THIRD PARTIES | Desc |
| Amt | $746,954 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $746,954 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $5,012,564 | TotalRevEtcAuditedFinclStmtAmt |
| Other Revenue | $136,706 | OtherRevenueAmt |
| Revenue Not Reported | $136,706 | RevenueNotReportedAmt |
| Revenue Subtotal | $4,875,858 | RevenueSubtotalAmt |
| Other Revenues Not Included | $1,506,786 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $1,506,786 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $6,382,644 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $5,362,483 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $136,706 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $136,706 | ExpensesNotReportedAmt |
| Expenses Subtotal | $5,225,777 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $1,506,786 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $1,506,786 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $6,732,563 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4: | THE COLLEGE'S ENDOWMENT CONSISTS OF VARIOUS FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ITS ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. AS REQUIRED BY GAAP, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. |
| PART X, LINE 2: | THE COLLEGE IS QUALIFIED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND ACCORDINGLY IS EXEMPT FROM FEDERAL INCOME TAXES. THE COLLEGE HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2019, AND THERE ARE NO INTEREST AND PENALTIES RELATED TO INCOME TAX ASSESSMENTS. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | COST OF GOOD SOLD 80,373. RENTAL EXPENSES 593. FUNDRAISING EXPENSES 55,740. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | SCHOLARSHIPS 1,506,786. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | COST OF GOODS SOLD 80,373. RENTAL EXPENSES 593. FUNDRAISING EXPENSES 55,740. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | SCHOLARSHIPS 1,506,786. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | ALL ADVERTISEMENTS INCLUDE A STATEMENT OF THE NONDISCRIMINATORY POLICY OF THE COLLEGE. |
| SCHEDULE E, PART I, LINE 6 | FEDERAL WORK STUDY PROGRAM 51,789 FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY PROGRAM 46,631 PELL GRANT PROGRAM 425,196 FEDERAL DIRECT LOAN PROGRAM 1,309,102 |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | HOLIDAY BAZAAR | Event1Nm |
| Gross Receipts Event1 | $71,966 | GrossReceiptsEvent1Amt |
| Gross Revenue Event1 | $71,966 | GrossRevenueEvent1Amt |
| Other Direct Expenses Event1 | $55,089 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $71,966 | GrossReceiptsTotalAmt |
| Gross Revenue Total Events | $71,966 | GrossRevenueTotalEventsAmt |
| Oth Direct Expnss Total Events | $55,089 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $55,089 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $16,877 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt |
|---|---|---|
| ACADEMIC SCHOLARSHIPS | 120 | $1,584,789 |
| COMMUNITY EDUCATION SCHOLARSHIPS | 48 | $14,438 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE ASSISTANCE IS IN THE FORM OF SCHOLARSHIPS WHICH ARE AWARDED ANNUALLY BASED ON THE STUDENTS MEETING CERTAIN GPA STANDARDS AND EXTENT OF NEED. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LAURA HINE | PersonNm |
| Title | PRESIDENT | TitleTxt |
| Base Compensation Filing Org | $173,900 | BaseCompensationFilingOrgAmt |
| Compensation Based On Rltd Orgs | $0 | CompensationBasedOnRltdOrgsAmt |
| Bonus Filing Organization | $0 | BonusFilingOrganizationAmount |
| Bonus Related Organizations | $0 | BonusRelatedOrganizationsAmt |
| Other Compensation Filing Org | $0 | OtherCompensationFilingOrgAmt |
| Other Compensation Rltd Orgs | $0 | OtherCompensationRltdOrgsAmt |
| Deferred Compensation Flng Org | $8,750 | DeferredCompensationFlngOrgAmt |
| Deferred Comp Rltd Orgs | $0 | DeferredCompRltdOrgsAmt |
| Nontaxable Benefits Filing Org | $6,621 | NontaxableBenefitsFilingOrgAmt |
| Nontaxable Benefits Rltd Orgs | $0 | NontaxableBenefitsRltdOrgsAmt |
| Total Compensation Filing Org | $189,271 | TotalCompensationFilingOrgAmt |
| Total Compensation Rltd Orgs | $0 | TotalCompensationRltdOrgsAmt |
| Comp Report Prior990 Filing Org | $0 | CompReportPrior990FilingOrgAmt |
| Comp Report Prior990 Rltd Orgs | $0 | CompReportPrior990RltdOrgsAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 3 | FormAndLineReferenceDesc |
| Explanation | A SELECT GROUP OF BOARD OF TRUSTEES, TO INCLUDE THE CHAIR, VICE CHAIR, TREASURER AND IMMEDIATE PAST CHAIR DETERMINE THE PAY OF THE PRESIDENT. | ExplanationTxt |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE HEALTH EDUCATION AND HOUSING FACILITY BOARD OF THE COUNTY OF SHELBY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issued | 2016-09-29 | BondIssuedDt |
| Issue Price | $7,225,370 | IssuePriceAmt |
| Purpose | REFINANCED PRIOR LOANS | PurposeDesc |
| Defeased | 0 | DefeasedInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Pool Financing | 0 | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Retired | $3,925,460 | RetiredAmt |
| Total Proceeds | $7,225,370 | TotalProceedsAmt |
| Issuance Costs From Proceeds | $131,047 | IssuanceCostsFromProceedsAmt |
| Other Spent Proceeds | $7,094,323 | OtherSpentProceedsAmt |
| Refunding Tax Exempt Bonds | 0 | RefundingTaxExemptBondsInd |
| Refunding Taxable Bonds | 0 | RefundingTaxableBondsInd |
| Final Allocation Made | Yes (1) | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (1) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | 0 | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | 0 | MgmtContractBondFincdPropInd |
| Any Research Agreements | 0 | AnyResearchAgreementsInd |
| Bond Iss Meet Prvt Sec Pymt Test | 0 | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | 0 | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiledInd |
| Rebate Not Due Yet | 0 | RebateNotDueYetInd |
| Exception To Rebate | 0 | ExceptionToRebateInd |
| No Rebate Due | 0 | NoRebateDueInd |
| Variable Rate Issue | 0 | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | 0 | HedgeIdentifiedInBksAndRecInd |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | 0 | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | 0 | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | 0 | ProceduresCorrectiveActionInd |
Schedule N IRS990ScheduleN
Disposition Of Assets Detail DispositionOfAssetsDetail (3 entries)
| Assets Distri Or Expnss PaidAssetsDistriOrExpnssPaidDesc | Fair Market Value Of AssetFairMarketValueOfAssetAmt | Method Of FMV DeterminationMethodOfFMVDeterminationTxt |
|---|---|---|
| BUILDINGS | $1,971,019 | NET BOOK VALUE |
| EQUIPMENT | $166,438 | NET BOOK VALUE |
| LAND | $262,300 | PURCHASE PRICE |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Director Of Successor2 | 0 | DirectorOfSuccessor2Ind |
| Employee Of Successor2 | 0 | EmployeeOfSuccessor2Ind |
| Owner Of Successor2 | 0 | OwnerOfSuccessor2Ind |
| Receive Compensation2 | 0 | ReceiveCompensation2Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II | FormAndLineReferenceDesc |
| Explanation | IN OCTOBER 2017, THE BOARD OF TRUSTEES OF THE COLLEGE APPROVED A PLAN TO STOP ADMITTING NEW STUDENTS AND PROCEED WITH THE TEACH-OUT OF EXISTING STUDENTS. A FORMAL TEACH-OUT PLAN OF THE EXISTING STUDENTS WAS SUBMITTED AND APPROVED BY THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS ("SACS") AND STATES THE COLLEGE PLANS TO CONTINUE THROUGH MAY 2020. AS A RESULT OF THE COLLEGE'S BOARD OF TRUSTEES APPROVING THE TEACH-OUT PLAN, THE COLLEGE ADOPTED THE LIQUIDATION BASIS OF ACCOUNTING EFFECTIVE OCTOBER 1, 2017. THE LIQUIDATION BASIS OF ACCOUNTING IS CONSIDERED APPROPRIATE WHEN LIQUIDATION OF AN ORGANIZATION IS IMMINENT. UNDER THE LIQUIDATION BASIS OF ACCOUNTING, ASSETS ARE VALUED AT THEIR NET REALIZABLE VALUES AND LIABILITIES ARE STATED AT THEIR ESTIMATED SETTLEMENT AMOUNTS. ESTIMATES FOR FUTURE OPERATING COSTS EXPECTED TO BE INCURRED DURING THE LIQUIDATION PERIOD HAVE BEEN ACCRUED AND ANTICIPATED REVENUES EXPECTED TO BE COLLECTED HAVE BEEN INCLUDED ON THE STATEMENT OF NET ASSETS IN LIQUIDATION AS OF JUNE 30, 2019. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
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| FORM 990, PAGE 1, LINE 1, MISSION STATEMENT | MEMPHIS COLLEGE OF ART IS DEDICATED TO TEACHING THE PRACTICE, HISTORY AND APPRECIATION OF VISUAL ART AND DESIGN; CHALLENGING ALL STUDENTS TO REACH THEIR HIGHEST INDIVIDUAL POTENTIAL, AND PREPARING GRADUATES TO SUCCEED IN THEIR CAREERS AND CHANGE THE WORLD THROUGH THEIR CREATIVITY. FOUNDED IN 1936, IT IS ONE OF ONLY FOUR INDEPENDENT, REGIONALLY AND NATIONALLY ACCREDITED ART COLLEGES IN THE SOUTH, AND IS THE ONLY ONE TO OFFER GRADUATE DEGREES. MCA'S ACADEMIC PROGRAMS INCLUDE ANIMATION, DIGITAL CINEMA, DIGITAL MEDIA, DRAWING, GRAPHIC DESIGN, ILLUSTRATION, PAINTING, PHOTOGRAPHY, PRINTMAKING, SCULPTURE AND SEQUENTIAL NARRATIVE (COMICS.) THE LIBERAL ARTS PROGRAM IS COMPRISED OF ART HISTORY, HUMANITIES, MATHEMATICS/NATURAL SCIENCES, AND SOCIAL SCIENCES. MEMPHIS COLLEGE OF ART MEETS STRIDENT QUALITY STANDARDS AND IS ACCREDITED BY BOTH THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS AND THE NATIONAL ASSOCIATION OF SCHOOLS OF ART AND DESIGN (NASAD). WE ARE ALSO A MEMBER OF THE ASSOCIATION OF INDEPENDENT COLLEGES OF ART AND DESIGN (AICAD). THE MEMPHIS COLLEGE OF ART'S UNDERGRADUATE DEGREE PROGRAMS SERVE STUDENTS FROM ACROSS THE REGION AND REPRESENT 80 DIFFERENT ZIP CODES, WITH THE LARGE MAJORITY COMING FROM SHELBY COUNTY AND SURROUNDING COUNTIES. THE MCA STUDENT BODY WELL REPRESENTS THE BROAD DIVERSITY OF OUR METROPOLITAN AREA, WITH 34% MALE AND 66% FEMALE AND 47.8% PERSONS OF COLOR. THE 2010 CENSUS FOUND THAT AN ESTIMATED 26.5% OF RESIDENTS WITHIN MEMPHIS CITY LIMITS WERE LIVING IN POVERTY, THE HIGHEST RATE AMONG THE 51 U.S. METRO AREAS WITH POPULATIONS OF AT LEAST 1 MILLION. MCA EXHIBITS A STRONG COMMITMENT TO SERVING LOW-INCOME MEMBERS OF OUR COMMUNITY. NINETY-NINE PERCENT (99%) OF OUR DEGREE-SEEKING STUDENTS RECEIVE SOME TYPE OF FINANCIAL AID AND OVER SIXTY-FOUR PERCENT (64.3%) OF OUR STUDENTS QUALIFY AS LOW INCOME FOR PURPOSES OF QUALIFYING FOR PELL GRANTS FROM THE FEDERAL GOVERNMENT. THROUGH MCA'S INNOVATIVE PROFESSIONAL PRACTICE, (OR P2) PROGRAM, STUDENTS LEARN ABOUT ENTREPRENEURSHIP, BUILDING A PORTFOLIO, AND OTHER ESSENTIAL PROFESSIONAL BUSINESS PRACTICES THAT WILL FOSTER THEIR SUCCESSFUL CAREERS AFTER GRADUATION. MCA ALSO SERVES AS THE KEY COMMUNITY ARTS EDUCATION RESOURCE FOR THE MEMPHIS METROPOLITAN REGION. OUR COMMUNITY EDUCATION PROGRAMS ENCOMPASS ADULT ART EDUCATION, SATURDAY SCHOOL, THE SUMMER ART CAMP, THE SUMMER ART ACADEMY, IDEALS (INSPIRING AND DEVELOPING EMERGING ARTISTS FOR LIFELONG SUCCESS), ART TEACHER IN-SERVICE PROGRAM, TOURS & DEMONSTRATIONS, ADVANCED PLACEMENT ART CLASSES, VISUAL ART SHOWCASE, NATIONAL PORTFOLIO DAYS, AND CLASSROOM VISITS/OUTREACH EVENTS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE 990 IS REVIEWED BY THE PRESIDENT, THE VICE PRESIDENT OF FINANCE, THE CHAIRMAN OF THE BOARD AND THE CHAIR OF THE FINANCE COMMITTEE BEFORE IT IS FILED. |
| FORM 990, PART VI, SECTION B, LINE 12C | ANNUALLY MCA HAS DIRECTORS AND TRUSTEES REVIEW THE POLICY AND SIGN THAT THEY ARE IN COMPLIANCE OR REVEAL ANY CONFLICT OF INTEREST. |
| FORM 990, PART VI, SECTION B, LINE 15A | A SELECT GROUP OF BOARD OF TRUSTEES, TO INCLUDE THE CHAIR, VICE CHAIR, TREASURER AND IMMEDIATE PAST CHAIR DETERMINES THE PAY OF THE PRESIDENT. NATIONAL AND REGIONAL SALARY COMPARISON'S FROM THE CHRONICLE OF HIGHER EDUCATION, SHRM AND OTHER PUBLIC SOURCES OF INFORMATION WERE USED AS COMPARABILITY DATA. |
| FORM 990, PART VI, SECTION C, LINE 19 | BY REQUEST. |
| FORM 990, PART XI, LINE 9: | LIQUIDATION ADJUSTMENT 603,562. ROUNDING -1. |
| PART XI, LINE 9 | CHANGE IN NEXT ASSETS RESULTED FROM A LIQUIDATION ADJUSTMENT OF 603,562. |
| FORM 990, PAGE 12, PART XII, LINE 1 | AS A RESULT OF THE COLLEGE'S BOARD OF TRUSTEES APPROVING THE TEACH-OUT PLAN, THE COLLEGE ADOPTED THE LIQUIDATION BASIS OF ACCOUNTING EFFECTIVE OCTOBER 1, 2017. THE LIQUIDATION BASIS OF ACCOUNTING IS CONSIDERED APPROPRIATE WHEN LIQUIDATION OF AN ORGANIZATION IS IMMINENT. UNDER THE LIQUIDATION BASIS OF ACCOUNTING, ASSETS ARE VALUED AT THEIR NET REALIZABLE VALUES AND LIABILITIES ARE STATED AT THEIR ESTIMATED SETTLEMENT AMOUNTS. ESTIMATES FOR FUTURE OPERATING COSTS EXPECTED TO BE INCURRED DURING THE LIQUIDATION PERIOD HAVE BEEN ACCRUED AND ANTICIPATED REVENUES EXPECTED TO BE COLLECTED HAVE BEEN INCLUDED ON THE STATEMENT OF NET ASSETS IN LIQUIDATION AS OF JUNE 30, 2019. |
| FORM 990, PART XII, LINE 2C | THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT PROCESS OR ITS SELECTION PROCESS DURING THE TAX YEAR. |
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