2018-05-15T11:03:59-00:00 2017-06-30 The Wesley Peachtree Group CPAs 1475 Klondike Road Suite 100 Conyers GA 30094 990 2016-07-01 237434499 Paine College PAIN 7068218200 1235 Fifteenth Street Augusta GA 30901 Kevin Howard Chief Financial Officer 2018-05-15 true Dane Alexander 4048740555 2018-05-15 2016 2022-09-23 18:48:47Z Kevin Howard 1235 Fifteenth Street Augusta GA 30901 14970949 false X www.paine.edu X 1905 GA To provide a liberal arts education of the highest quality that emphasizes academic excellence, ethical and spiritual values, social responsibility, and personal development. 25 24 543 54 0 8928455 5916809 9730674 7380654 476 2548 731176 1670938 19390781 14970949 1833553 1440446 0 726556 804150 0 92980 14552168 12292147 17112277 14536743 2278504 434206 36318667 35127262 17640160 17524192 18678507 17603070 To provide a liberal arts education of the highest quality that emphasizes academic excellence, ethical and spiritual values, social responsibility, and personal development to prepare men and women for positions of leadership and service in the African American community, the nation, and the world. false false 9548872 1440446 5950170 To sustain a learning community in which students can prepare academically, socially and spiritually for leadership in a complex, diverse and rapidly changing world. 1111904 1430484 Auxiliary Enterprises support the Colleges mission of providing quality educational opportunities. These services include, but are not limited to food services, campus housing, postal services, parking, vending, campus stores and athletics. 10660776 true true false false false false false false false true true false false false true true true false true false false false false false false false false false true false false false false false false false false false false false false false false false false false false true 1365 0 543 true false false false false false false false false false false false X 25 24 false false false false false false false true true false false true true true true true true true true false GA X Kevin Howard 7068218200 1235 Fifteenth Street Augusta GA 30901 Attorney Barbara E Bouknight Chair 001.00 001.00 X X 0 0 0 Attorney Sharyn Doanes-Bergin Trustee 001.00 001.00 X 0 0 0 Reverend James Cason Trustee 001.00 001.00 X 0 0 0 Dr Carmichael Crutchfield Trustee 001.00 001.00 X 0 0 0 Dr Lenalda R Corley Trustee 001.00 001.00 X 0 0 0 Rev Terry Fleming Trustee 001.00 001.00 X 0 0 0 Mr J R Henderson Trustee 001.00 001.00 X 0 0 0 Bishop Kenneth W Carter Trustee 001.00 001.00 X 0 0 0 Dr Louise Rice Trustee 001.00 001.00 X 0 0 0 Dr Charles G Larke Trustee 001.00 001.00 X 0 0 0 Ms Eileen Littlejohn Trustee 001.00 001.00 X 0 0 0 Reverend Michael McCord Trustee 001.00 001.00 X 0 0 0 Reverend Jerry D Woodfork Sr Trustee 001.00 001.00 X 0 0 0 Attorney Robert L Bell Trustee 001.00 001.00 X 0 0 0 Bishop Marshall Gilmore Trustee 001.00 001.00 X 0 0 0 Dr Ora McConner Jones Trustee 001.00 001.00 X 0 0 0 Ms Annie Rogers Trustee 001.00 001.00 X 0 0 0 Mr Fred Thompson Trustee 001.00 001.00 X 0 0 0 Attorney Michael L Thurmond Chair-Elect 001.00 001.00 X X 0 0 0 Reverend Dr Tyrone Davis Trustee 001.00 001.00 X 0 0 0 Bishop Benjamin Michael Watson Trustee 001.00 001.00 X 0 0 0 Bishop C James King Jr Trustee 001.00 001.00 X 0 0 0 Mr Mark C Callaway Trustee 001.00 001.00 X 0 0 0 Dr Samuel Sullivan President 040.00 001.00 X X 150000 0 0 Ms Jessye Norman Trustee 001.00 001.00 X 0 0 0 Dr Cheryle Evans-Jones Provost/Vice President of Academic Affairs 040.00 001.00 X 102000 0 0 Dr Dwayne Crew Assistant to the President 040.00 001.00 X 97000 0 0 Reverend Luther Felder Chaplain 040.00 001.00 X 61750 0 0 Ms Helene Carter Assistant Vice President of Institutional Advancement 040.00 001.00 X 76000 0 0 Mr Robert Woodson Dean Student Affairs and Enrollment Management 040.00 001.00 X 63000 0 0 Coach Selina Kohn Athlectic Director 040.00 001.00 X 77900 0 0 Ms Mary Morale Chief Financial Officer 040.00 001.00 X 110000 0 0 Mr Chester Wheeler Director Sponsored Programs and Title III 040.00 001.00 X 66500 0 0 804150 3 false false false Thompson Hospitality 1741 Business Ctr Drive Suite 200 Reston VA 20190 Food Services 260000 Jenzabar 101 Huntington Avenue Suite 2200 Boston MA 02199 Information Technology 152637 2 3245944 2670865 5916809 Tuition and fees 611600 5950170 5950170 Sales and services of auxiliary enteprises 611710 1430484 1430484 7380654 2548 2548 Other income 900099 187179 187179 Endowment income appropriated for operations 900099 1483759 1483759 1670938 14970949 9054140 0 1440446 1440446 0 0 804150 804150 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Instruction 2469589 2469589 Sponsored Programs/Academic Support 3872539 3696116 176423 Student Services 1394619 1394619 Institutional Support 3443496 548102 2802414 92980 1111904 1111904 14536743 10660776 3782987 92980 187828 1707707 1195441 1241466 1171724 1169429 1473550 1087528 117234 116614 611763 174212 40949865 21722871 19566151 19226994 11650045 10016195 344931 387117 36318667 35127262 2978832 2749081 68000 14456166 14637883 137162 137228 17640160 17524192 X 12021751 10946314 1506289 1506289 5150467 5150467 18678507 17603070 36318667 35127262 X 434206 -1509643 X false true X true true true X 0.00000 0.00000 0.00000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false 5150467 2548 2548 5150467 8820120 343631 167465 3685901 453759 41089 5150467 9329221 13477 22597 442952 102223 8820120 8670115 42826 1170818 440380 114158 9329221 8577776 47943 613570 430057 139117 8670115 1.00000 false false 1233275 1233275 29581405 15968410 13612995 8999431 4858005 4141426 520000 280702 239298 19226994 Financial derivatives and other financial products Closely-held equity interests Federal income taxes Funds held on behalf of others 33571 Advances from U.S. Government for student loans 103657 Capital lease obligation 137228 X 14970949 14970949 14970949 16046386 1509643 1509643 14536743 14536743 V 4 The Colleges endowment consists of individual funds established to provide scholarships to eligible students of the College. X 2 Accounting principles generally accepted in the United States of America requires the Colleges management to evaluate tax positions taken by the College and to recognize a tax liability or asset if the College has taken an uncertain tax position that will more-likely-than-not be sustained upon examination by taxing authorities. The College analyzed its tax position for the year ended June 30, 2017 and determined that there was no uncertain tax position that would have a material impact on the Colleges financial statements. true true true true true true true false false false false false false false true false true 6a The College offers scholarships and student financial aid to assist with meeting the students financial obligations. The Financial Aid Office has the necessary policies and procedures to ensure that the College adheres to and complies with federal regulations regarding eligibility for student financial aid. Requirements for receiving scholarships depend on other factors, such as grade point average, family income, or athletic talents. true Privately Funded Student Scholarships 260 1440446 Part III Line 1 All scholarships are awarded based upon specific criteria maintained by the financial aid office. Requirements for receiving scholarships depend upon other factors, such as grade point average, family income or economic need. The Colleges financial aid staff monitors the eligibility guidelines to ensure compliance. The College also undergoes the required Uniform Guidance audit annually. Form 990, Part VI, Section B, Line 11b After preparation of the Form 990, a draft is provided to the Vice President for Administrative and Fiscal Affairs for review and approval to be finalized. The final Form 990 is made available to the Audit Committee of the Board of Trustees for review. Upon completion of the Audit Commitees review, the Form 990 is made available to all Trustees either by paper copy or electronically via secured access on the website. Form 990, Part VI, Section B, Line 12c Trustees are required to disclose at the next convening Board of Trustees meeting any conflict of interest. Trustees with a conflict of interest on a matter for vote must abstain from voting. The Colleges audit committee is responsible for adherence to the policy. Form 990, Part VI, Section B, Line 15 The salaries of the President and officers are determined by comparing compensation to peer institutions and receiving recommendations from a search committee. Form 990, Part VI, Section C, Line 19 The governing documents, conflict of interest policy and financial statements are available to the public upon request. Form 990, Part XI, Line 9 This amount represents an endowment loss in excess of amounts appropriated for operations, -1,250,555 and a loss on the sale of investment real estate, -259,088.