2018-05-14T18:18:40-05:00 2017-06-30 363990892 Capin Crouse LLP 1255 Lakes Parkway Suite 130 Lawrenceville GA 30043 990 2016-07-01 570314390 Erskine College and Theological Seminary ERSK 8643798812 PO Box 338 Due West SC 29639 Christian Habeger Acting VP Finance & Ops 8642294951 2018-05-14 1 David C Moja P00747006 6785185301 2016 2022-09-23 18:48:47Z Erskine College and Theological Seminary Rob Gustafson PO Box 338 Due West SC 29639 35755725 0 X www.erskine.edu X 1837 SC Christian liberal arts college and graduate theological seminary. 28 28 463 35 0 0 2129239 3892137 27522198 28742489 548315 1765953 44300 40394 30244052 34440973 14363104 15500799 0 0 7662563 8330913 0 0 841277 9442048 9035860 31467715 32867572 -1223663 1573401 68123884 72007055 20083371 19331247 48040513 52675808 X Erskine College exists to Glorify God as a Christian academic community where students are equipped to flourish as whole persons for lives of service through the pursuit of undergraduate liberal arts and graduate theological education. 0 0 25165153 15500799 28742489 Erskine College is a comprehensive, fully accredited, Christian college and theological seminary offering undergraduate, master's, and doctoral degrees to approximately 700 students. The college program offers 21 baccalaureate majors, and the seminary offers 4 master's degrees and a doctor of ministry degree. Scholarships are awarded to eligible students based on financial need and academic merit allowing students to be equipped to flourish as whole persons for lives of service through the pursuit of undergraduate liberal arts and graduate theological education in a Christ-centered environment.The Institution conducted auxiliary enterprises for the convenience of students, faculty, staff, and the at-large community. 25165153 1 1 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 1071 0 1 463 1 0 0 0 0 0 1 0 0 0 X 28 28 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X Rob Gustafson 8643798812 PO Box 338 Due West SC 29639 Mr SS James Trustee - Chairman 10.00 X X 0 0 0 Dr JT Hellams Jr Trustee - Vice-Chair 10.00 X X 0 0 0 The Rev Andrew Savill Trustee - Secretary 10.00 X X 0 0 0 Mr JA Arnold Trustee 10.00 X 0 0 0 The Rev BF Bult Trustee 10.00 X 0 0 0 The Rev Dr SM Cox Trustee 10.00 X 0 0 0 Mr Rory Crawford Trustee 10.00 X 0 0 0 Dr DC Cunningham Trustee 10.00 X 0 0 0 Mrs CE Davis Trustee 10.00 X 0 0 0 Mrs JE Gazzaway Trustee 10.00 X 0 0 0 Dr SL Gray Trustee 10.00 X 0 0 0 The Rev MV Lawing Jr Trustee 10.00 X 0 0 0 The Rev JA Loughner Trustee 10.00 X 0 0 0 Mrs DB Morris Trustee 10.00 X 0 0 0 Dr GS Query Trustee 10.00 X 0 0 0 Mrs MT Rucker Trustee 10.00 X 0 0 0 Mrs AM Tribble Trustee 10.00 X 0 0 0 The Rev PA Waid Trustee 10.00 X 0 0 0 Dr HH Welch Trustee 10.00 X 0 0 0 The Rev JA Hunt Trustee 10.00 X 0 0 0 Dr AJ Broyles Trustee 10.00 X 0 0 0 Mr AL Casterline Trustee 10.00 X 0 0 0 Dr JR Augustine Trustee 10.00 X 0 0 0 Mr CL Bethea Trustee 10.00 X 0 0 0 The Rev CH Davis Trustee 10.00 X 0 0 0 Mr PW Malphrus Trustee 10.00 X 0 0 0 Mr Phil Williams Ex Officio Member 10.00 X 0 0 0 Mrs AM Grooms Ex Officio Member 10.00 X 0 0 0 Dr PD Kooistra part year President 40.00 X 74506 0 13549 Dr Robert Gustafson part year Interim President 40.00 X 37500 0 3275 Mr GW Haselden Sr VP Fin/Ops, Treasurer 40.00 X 123676 0 9383 Dr JD Basie part year Provost of the Seminary 40.00 X 0 0 0 Dr RL Holmes part year Provost of the College 40.00 X 0 0 0 Mrs Dena S Hodge Assistant Secretary 40.00 X 39510 0 14352 Dr N B Christie SR VP Academics 40.00 X 107563 0 17366 382755 0 57925 2 0 0 0 Aramark Facility Services 22506 Network Place Chicago IL 60673 Facilities management 2180787 Aramark Services PO Box 518 Due West SC 29639 Dining services 2015218 Ebsco Subscription Services PO Box 2543 Birmingham AL 35202 Electronic library services 202132 Daniels Graphics PO Box 40 Asheville NC 28802 Printing of marketing material 107421 4 451238 128268 3312631 1165208 3892137 Student Tuition & Fees 611710 22177794 22177794 Auxiliary Enterprises 611710 6399216 6399216 Other Program Income 611710 165479 165479 28742489 965694 965694 45916 9682 36234 36234 36234 2102129 1301870 800259 800259 800259 7360 3200 4160 4160 34440973 28742489 0 1806347 15500799 15500799 381602 110686 233378 37538 6622416 1920879 4050098 651439 743344 215612 454610 73122 583551 169263 356885 57403 28880 28880 57072 57072 161578 161578 75403 75403 100019 100019 605968 201906 390849 13213 51309 51309 1396465 1152783 243682 85616 42808 34246 8562 98358 81195 17163 950219 784406 165813 358106 358106 Food services 2550226 2550226 Student activities 539394 539394 Library services 324414 324414 Bad debt expenses 6065 6065 1646768 1570782 75986 32867572 25165153 6861142 841277 770140 812211 14432 13167 762236 812274 167020 135693 68831 86477 57062617 30116053 25374216 26946564 28247557 28901322 10553573 12262105 1132057 1109306 1033822 927936 68123884 72007055 895059 952159 584522 541982 10562879 10124563 1212970 1630145 6827941 6082398 20083371 19331247 X -793287 16178940 5367631 0 43466169 36496868 48040513 52675808 68123884 72007055 X 1573401 2408802 -161578 814670 X X 0 1 X 1 1 1 X 2683384 1827257 2169163 2129239 3892137 12701180 2683384 1827257 2169163 2129239 3892137 12701180 581979 12119201 1067992 1012677 939834 894031 1011610 4926144 8906 12065 13900 7360 42231 17669555 128849295 0.68590 0.64020 X Schedule A, Part II, Line 10, Explanation of Other Income: Other Income - 2012 Amount: $ 0. 2013 Amount: $ 8,906. 2014 Amount: $ 12,065. 2015 Amount: $ 13,900. 2016 Amount: $ 7,360. Schedule A, Part II: The organization is a school as described under 170(b)(1)(A)(ii) and is not required to complete a public support schedule. Schedule A, Part II is completed to verify the School can qualify under public charity status section 170(b)(1)(A)(vi) and qualifies to use the first listed special rule for Schedule B reporting. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 8 8 1 0 927936 X X 0 35311874 839700 4239749 1775265 38616058 37882833 313334 -1014114 1870179 35311874 39841555 146952 561541 2667215 37882833 38994185 193973 4544867 3891470 39841555 39628456 397212 3124768 4156251 38994185 0.11240 0.88760 0 0 3130350 755548 3885898 42797208 24311879 18485329 10217327 5804174 4413153 162184 162184 26946564 Cash Surrender Value of Life Insurance 178392 F US Government Securities 1659132 F Other Fixed Income Investments 4359660 F Alternative Investments 1024596 C Equity securities held at cost 3854172 C Pooled income funds 48782 F Master Limited Partnership 1137371 F 12262105 US Government Loan Funds - Refundable 916924 Annuities Payable 953666 Interest Rate Swap Liability 1057975 Trust Liabilities 2819411 Other Liabilities 305296 Capital Lease 29126 6082398 X 22014950 2408802 827552 3236354 18778596 161578 15500799 15662377 34440973 17379655 12882 12882 17366773 15500799 15500799 32867572 Part II, Line 9: Revenues/expenses from conservation easements are not separately reported on the Statement of Activities, and the easements are not separately presented on the Statement of Financial Position. Part III, Line 4: The College maintains an art center that displays works of art including paintings, music boxes, furniture, and other items to the public. The collection enriches the campus community and provides the art students (stuido artists and art history majors) with examples of various art mediums used in classroom instruction. The College displays the artwork free of charge to the public. Part V, Line 4: The College's endowment intends to provide scholarships to students, help fund department chairs, and fund other restricted program expenses. Part X, Line 2: The financial statement effects of a tax position taken or expected to be taken are recognized in the financial statements when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. Interest and penalties, if any, are included in expenses in the statements of activities. As of June 30, 2017 and 2016, the College had no uncertain tax positions that qualify for recognition or disclosure in the financial statements. The College files information tax returns in the U.S. The College is generally no longer subject to U.S. federal income tax examinations by tax authorities for years before 2014. 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 Institution's racially nondiscrimination policy is made available through local print media outlets and college and seminary catalogs. Schedule E, Part I, Line 6 The College receives Federal and State funds to provide financial aid for students. 1 Scholarships 633 13100697 Athletic Scholarships 104 2400102 Part I, Line 2: The College monitors enrollment and the Financial Aid Office of the College keeps the requisite records in either an electronic or hard copy form. X 0 0 X X X X 0 0 0 0 0 0 0 0 0 Part I, Line 1a The President lives in a house that is owned by the College. Part I, Line 1b There is no written policy for the President living in the house. X 8 83208 Fair Market Value X 1 1082000 Appraisal 0 0 0 Part I, Column (b): The number of contributions represent the number of contributions received, not the number of items donated. Form 990, Part VI, Section A, line 1 The governing body delegates broad authority to an Executive Committee consisting of the Board Officers and Board Committee Chairs. The Executive Committee has full power and authority to act and to transact any business for and on behalf of the College and in the place of the Board of Trustees during the interim between meetings of the Board of Trustees except the Executive Committee may not appoint or remove Corporate Officers, nor make a bulk sale, dissolve the corporation, alter Bylwas, or authorize degrees. Form 990, Part VI, Section B, line 11b Form 990 is prepared by an independent CPA firm and reviewed in detail by the organization's top management. The reviewed Form 990 is then provided to the board of directors prior to filing with the IRS. Form 990, Part VI, Section B, line 12c The President and Vice-Presidents are required to complete conflict of interest forms on an annual basis. All other institution staff complete the forms ever other year. These forms are reviewed by management and a report is given to the Board of Trustees each year at the February meeting. If a conflict of interest were to arise, all material facts are disclosed to the Committe on Trustees; the proposed contract, transaction, or relationship is examined to determine if it is in the best interest of the college, and the decision is documented; and the individual who has an interest excuses him/herself from the discussion preceding the vote and the vote to approve the proposed contract or transaction. Form 990, Part VI, Section B, line 15a Line 15a - The President's compensation is reviewed on an annual basis as part of a performance review by the Executive Committee. Compensation is compared against information obtained from Form 990s of other institutions similar in size to Erskine. Process includes contemporaneous substantiation of the deliberation and decision. Form 990, Part VI, Section C, line 19 Documents are made available upon request. Form 990, Part XI, line 9: Unrealized Gain on Interest Rate Swap 745,333. Change in Value of Split-Interest Agreements 69,337. Form 990, Part XII, Line 2c: The process for oversight of the audit and selection of an independent accountant has not changed from the prior year. Form 990, Part VI, Line 7a/7b: The College is an institution of the General Synod of the Associate Reformed Presbyterian Church (ARPC). The ARPC appoints the College's trustees and must approve all changes or amendments to the College's charter. General Synod of the Associate Reformed Presbyterian Church 1 Cleveland St Ste 110 Greenville SC 29601 576030380 Convention of churches SC 501(c)(3) Line 1 N/A 0 Charitable remainder unitrust (8) Trust SC Erskine College and Theological Seminary 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 General Synod of the Associate Reformed Presbyterian Church C