2018-05-15T18:30:22-05:00 2017-06-30 560574444 CHERRY BEKAERT LLP 1111 Metropolitan Ave Ste 1000 Charlotte NC 28204 990 2016-07-01 710239729 Philander Smith College PHIL 5013705341 812 W 13th Street Little Rock AR 72202 Dr Roderick L Smothers Sr President 5013705341 2018-05-15 1 Amanda Adams P00748038 7043771678 2016 2022-09-23 18:48:47Z Dr Roderick L Smothers 812 W 13th Street Little Rock AR 72202 23247052 0 X www.philander.edu X 1877 AR Historically Black, four-year liberal arts institution related to the United Methodist Church. 23 23 421 392 0 0 6531205 7458826 7647057 14350640 453106 438150 3330619 164114 17961987 22411730 3113631 3472045 0 0 7651220 8782480 0 0 547214 9238012 11081836 20002863 23336361 -2040876 -924631 56721405 57659475 28758135 27691427 27963270 29968048 X The College's mission is to graduate academically accomplished students, grounded as advocates for social justice, determined to change the world for the better. 0 0 18151999 3472045 14350640 PHILANDER SMITH COLLEGE OFFERS FOUR DEGREES, INCLUDING THE BACHELOR OF BUSINESS ADMINISTRATION, THE BACHELOR OF SCIENCE, THE BACHELOR OF SOCIAL WORK, AND THE BACHELOR OF ARTS, AS WELL AS CERTIFICATES AND DUAL CREDITS FOR "COLLEGE AND "CAREER" PATHWAYS. WHETHER STUDENTS ARE ON PATHWAYS FOR CAREER READINESS, GRADUATE OR PROFESSIONAL STUDIES, OR EVEN PERSONAL FULFILLMENT, PSC MEN AND PSC WOMEN EMERGE FROM AN ENGAGING AND SUPPORTIVE ENVIRONMENT AS:1. ACADEMICALLY ACCOMPLISHED PSC MEN AND PSC WOMEN;2. ETHICAL CRITICAL THINKERS AND PROBLEM SOLVERS;3. CIVIC-MINDED LEADERS OF TOMORROW, ESPECIALLY IN ECONOMICS, TECHNOLOGY, HEALTH, SCIENCES, EDUCATION, PUBLIC POLICY, THE HUMANITIES, AND INTEGRATED DISCIPLINES SUCH AS SOCIAL AND CRIMINAL JUSTICE;4. AGENTS OF SOCIAL, MORAL AND SPIRITUAL RESPONSIBILITY;5. ADVOCATES OF CULTURAL AND GLOBAL UNDERSTANDING; AND6. LIFELONG LEARNERS AND ACTIVE MEMBERS OF LOCAL, NATIONAL, AND GLOBAL COMMUNITIES. 18151999 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 150 0 1 421 1 0 0 0 0 0 1 1 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 1 1 0 0 AR X Latonya Hayes 5013705341 900 Daisy Bates Drive LITTLE ROCK AR 72202 Dr Sherece Y West-Scantlebury Chairwoman 1.00 X X 0 0 0 Dr Jesse M Trice Vice Chairwoman 1.00 X X 0 0 0 Dr Frances Harris Secretary 1.00 X X 0 0 0 Jim Kincannon Treasurer 1.00 X X 0 0 0 Robert Blue Board Member 1.00 X 0 0 0 Dr Cynthia Bond Hopson Board Member 1.00 X 0 0 0 Dr Etta F Carter Board Member 1.00 X 0 0 0 Dr J Clif Christopher Board Member 1.00 X 0 0 0 Herman L Davis Board Member 1.00 X 0 0 0 Jason Earley Board Member 1.00 X 0 0 0 Dr Terry Esper Board Member 1.00 X 0 0 0 Dr Debra Henry Fiser Board Member 1.00 X 0 0 0 Dr Terrance D Grant-Malone Board Member 1.00 X 0 0 0 Pat Lile Board Member 1.00 X 0 0 0 Lisa A Menzies Board Member 1.00 X 0 0 0 Arthur Montgomery Board Member 1.00 X 0 0 0 Bishop Gary Mueller Board Member 1.00 X 0 0 0 Jake Nabholz Board Member 1.00 X 0 0 0 Ronald W Newsome Board Member 1.00 X 0 0 0 Reverend Mark Norman Board Member 1.00 X 0 0 0 Don Riggins Board Member 1.00 X 0 0 0 FG Villines JD Board Member 1.00 X 0 0 0 Harvey P Wiley Sr Board Member 1.00 X 0 0 0 Dr Roderick L Smothers Sr President 40.00 X 236600 0 10421 Hazel Ervin VP of Academic Affairs 40.00 X 100856 0 4950 Terry Wallace VP of Fiscal Affairs 40.00 X 83863 0 5498 421319 0 20869 2 0 1 0 0 205259 3518178 3735389 7458826 Tuition & Fees 611710 9971090 9971090 Dorm fees 721310 2757173 2757173 MEAL PLAN 722210 1435089 1435089 Other program fees 900099 113817 113817 Bookstore Sales 611710 73471 73471 14350640 256475 256475 78375 0 78375 78375 78375 937236 755561 181675 181675 181675 165500 205259 79761 85739 85739 22411730 14350640 0 602264 3472045 3472045 442188 442188 7079183 5415387 1438155 225641 716029 515541 179007 21481 545080 392458 136270 16352 71720 51638 17930 2152 94110 67759 23528 2823 77017 77017 2002948 1442123 500737 60088 109400 78768 27350 3282 579627 417331 144907 17389 1844470 1328018 461118 55334 553235 398329 138309 16597 9514 6850 2379 285 826732 595247 206683 24802 1951240 1404893 487810 58537 BAD DEBT EXPENSE 1546781 1546781 LECTURE SERIES 68372 49228 17093 2051 PARTICIPANT ACTIVITIES 18759 13506 4690 563 1327911 956097 331977 39837 23336361 18151999 4637148 547214 456457 774908 1584137 1538508 964007 175269 529422 857478 32231 32231 20208 243192 794738 778132 67943043 24268360 43165608 43674683 3468056 3367477 3716420 4104432 1990121 2113165 56721405 57659475 4413670 2575524 24269634 24965285 74831 150618 28758135 27691427 X 16285071 17944489 2637964 2893841 9040235 9129718 27963270 29968048 56721405 57659475 X -924631 498512 2430897 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1330734 X 0 7914307 169992 809064 384820 8508543 8666942 -176799 575836 7914307 6026392 2500 72905 223124 5878673 5652333 658794 284735 6026392 7673820 139622 705730 340210 2478406 48223 5652333 0.10230 0.89770 1 0 166250 1112083 1278333 55831494 15978932 39852562 8526172 7942366 583806 2307044 347062 1959982 43674683 Pooled investments 4104432 F 4104432 FUNDS HELD FOR OTHERS 133901 ADVANCES FROM FEDERAL GOV'T 16717 150618 X 21871838 498512 2510658 3009170 18862668 77017 3472045 3549062 22411730 19867059 79760 79760 19787299 77017 3472045 3549062 23336361 Part III, Line 4: Artwork is displayed in buildings on campus. Part V, Line 4: The College's endowment consists of approximately 56 individual funds established for a variety of purposes, including support for scholarships, library and textbooks, library maintenance, instruction, and other educational purposes. Part X, Line 2: The College is exempt from federal and state income taxation under Section 501(c)(3) of the Internal Revenue Code. However, certain income unrelated to its exempt function is subject to income taxation. The College's policy is to record a liability for any tax position taken that is beneficial to the College, including any related interest and penalties, 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, 2017 or 2016 and, accordingly, no liability has been accrued. Part XI, Line 2d - Other Adjustments: Change in beneficial interest 123,045. DIRECT FUNDRAISING EVENT EXPENSES 79,760. GAIN ON EXTINGUISHMENT OF LONG-TERM DEBT 2,307,853. Part XI, Line 4b - Other Adjustments: GRANTS AND SCHOLARSHIPS 3,472,045. Part XII, Line 2d - Other Adjustments: DIRECT FUNDRAISING EVENT EXPENSES 79,760. Part XII, Line 4b - Other Adjustments: SCHOLARSHIPS AND GRANTS 3,472,045. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The college publicized its racially nondiscriminatory policy through public advertisements. Schedule E, Part I, Line 6 The college receives financial assistance from various governmental agencies. ELIJAH PITTS GOLF TOURNAMENT 54100 30100 24000 156 18989 1721 3769 PRESIDENT'S SCHOLARSHIP GALA 316659 175159 141500 35748 7700 11678 370759 205259 165500 156 54737 1721 7700 15447 79761 85739 1 Institutional Scholarships 542 3290451 Book Tuition reduction External Scholarships 80 181594 Book Tuition reduction Part I, Line 2: PSC provides scholarships and financial aid to individuals to attend the College. 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 Department of Education and the State of Arkansas. The College'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 College as a reduction in fees. As a result, the grant can only be used for its intended purpose (i.e. cost of attendance) and cannot be diverted from this use. X 0 0 X X 0 0 0 0 0 0 0 0 0 Dr Roderick L Smothers Sr President 200000 0 0 0 36600 0 0 0 10421 0 247021 0 0 0 Part I, Line 1a The President of Philander Smith College received $36,600 in housing allowance. This was treated as taxable earnings. Form 990, Part VI, Section B, line 11b After finalizing the Form 990, management will provide the form and any attachments to the Chairman of the Finance Committee for comment. The form is also e-mailed out to the full board. Once questions, if any, are addressed, the form will be filed with the IRS. Form 990, Part VI, Section B, line 15a The President's compensation and any merit increases are approved by the board of directors. A comparison is made to other presidents of HBCUS and other United Methodist Schools. Form 990, Part VI, Section C, line 19 The organization does not make its governing documents, conflict of interest policy, or financial statements available to the public. Form 990, Part XI, line 9: Change in beneficial interest 123,044. GAIN on EXTINGUISHMENT OF LONG-TERM DEBT 2,307,853.