2018-05-14T15:55:09-04:00 2017-06-30 990 2016-07-01 570314395 FURMAN UNIVERSITY FURM 8642943496 3300 POINSETT HIGHWAY GREENVILLE SC 29613 MARY LOU MERKT VP FINANCE & ADMIN 8642943496 2018-05-14 AMANDA ADAMS CPA P00748038 2018-05-14 2016 2022-09-23 18:48:47Z MARY LOU MERKT 301947464 false X WWW.FURMAN.EDU X 1826 SC FURMAN UNIVERSITY IS AN INSTITUTION OF HIGHER EDUCATION PROVIDING A DISTINCTIVE UNDERGRADUATE AND GRADUATE EDUCATION THAT EMPHASIZES AN ENGAGED APPROACH TO LIBERAL LEARNING, COMBINING CLASSROOM LEARNING WITH REAL WORLD EXPERIENCES AND SELF-DISCOVERY. 34 33 2592 125 248659 63073720 28009766 163183735 169758873 15816388 36867364 2817590 1626971 244891433 236262974 62290752 70593428 0 79168636 84335339 0 5110388 68494308 66256455 209953696 221185222 34937737 15077752 1049724992 1096264568 155119097 150418221 894605895 945846347 X THE PRIMARY MISSION OF FURMAN AS A LIBERAL ARTS INSTITUTION IS TO PROVIDE A DISTINCTIVE EDUCATION IN FINE ARTS, HUMANITIES, SOCIAL SCIENCES, MATHEMATICS AND THE SCIENCES, AS WELL AS SELECTED PROFESSIONAL DISCIPLINES. true false 145242901 70003667 132164002 INSTRUCTION OF APPROXIMATELY 3,000 STUDENTS IN UNDERGRADUATE AND GRADUATE PROGRAMS. THE UNIVERSITY OFFERS STUDY AWAY PROGRAMS IN MORE THAN 20 COUNTRIES, MOST OF WHICH ARE LED BY FURMAN FACULTY. SCHOLARSHIPS ARE AWARDED TO ELIGIBLE STUDENTS BASED ON FINANCIAL NEED AND ACADEMIC MERIT. APPROXIMATELY 2,573 STUDENTS RECEIVED SCHOLARSHIPS FROM THE UNIVERSITY DURING THE YEAR. 27745019 9950 3505468 INTERCOLLEGIATE ATHLETICS CONSISTS OF 20 SPORTS FOR MEN AND WOMEN. INTRAMURAL AND CLUB SPORTS ARE OFFERED AS WELL AS OPPORTUNITIES TO BE INVOLVED IN STUDENT GOVERNMENT, SERVICE PROJECTS, STUDENT MEDIA OUTLETS AND OVER 140 DIFFERENT STUDENT ORGANIZATIONS. STUDENT LIFE PROGRAMS INCLUDE CAREER SERVICES, A COUNSELING CENTER, STUDENT HEALTH, RELIGIOUS LIFE, DIVERSITY AND INCLUSION, RESIDENTIAL LIFE, THE TRONE STUDENT CENTER AND STUDENT ACTIVITIES. 20778610 29657601 THE UNIVERSITY CONDUCTED AUXILIARY ENTERPRISES FOR THE CONVENIENCE OF STUDENTS, FACULTY, STAFF AND THE AT-LARGE COMMUNITY. THESE AUXILIARY ENTERPRISES INCLUDE STUDENT HOUSING, GOLF COURSE, SPORTS ARENA AND CONFERENCE CENTER. 659558 597890 4431802 THE UNIVERSITY GENERATED COMMISSION INCOME FROM VARIOUS ON-CAMPUS SERVICE PROVIDERS INCLUDING FOOD SERVICES, THE BOOKSTORE, AND OTHER SERVICES AND EVENTS. THE UNIVERSITY INCURRED EXPENSES IN HOSTING OUTDOOR CONCERTS THAT ARE OPEN TO THE COMMUNITY AND PROVIDING GRANTS TO LOCAL AND DOMESTIC ORGANIZATIONS. 659558 597890 4431802 194426088 true true false false false true false true true true true true false false true false false true true false true false false false true false false true true true true false false false false false false true false true true true true false false false true false false false true 479 0 true 2592 true true true false false false false true true false false false false false false false X 34 33 false false false false false false false true true false false false true true true true true true true false SC X X AMY BARNHILL 8642943496 3300 POINSETT HIGHWAY GREENVILLE SC 29613 MICHAEL RIORDAN CHAIR 2.00 X 0 0 0 A ALEXANDER TAYLOR VICE CHAIR 2.00 X 0 0 0 FRANCIE M HELLER SECRETARY 2.00 X 0 0 0 JOHN DONALD ANDERSON TRUSTEE 2.00 X 0 0 0 YENDELELA NEELY ANDERSON TRUSTEE 2.00 X 0 0 0 ANN P BRYAN TRUSTEE 2.00 X 0 0 0 KEVIN R BRYANT TRUSTEE 2.00 X 0 0 0 KEVIN T BYRNE TRUSTEE 2.00 X 0 0 0 JOLLEY BRUCE CHRISTMAN TRUSTEE 2.00 X 0 0 0 RICHARD CULLEN TRUSTEE 2.00 X 0 0 0 W RANDY EADDY TRUSTEE 2.00 X 0 0 0 DAVID G ELLISON TRUSTEE 2.00 X 0 0 0 DOUGLAS K FREEMAN TRUSTEE 2.00 X 0 0 0 P EDWIN GOOD TRUSTEE 2.00 X 0 0 0 SEAN P HARTNESS TRUSTEE 2.00 X 0 0 0 GORDON R HERRING TRUSTEE 2.00 X 0 0 0 CARL F KOHRT TRUSTEE 2.00 X 0 0 0 JAMES A LANIER JR TRUSTEE 2.00 X 0 0 0 JAMES C MABRY IV TRUSTEE 2.00 X 0 0 0 E ERWIN MADDREY II TRUSTEE 2.00 X 0 0 0 RONALD ALAN MALONE TRUSTEE 2.00 X 0 0 0 JAMES M NEY TRUSTEE 2.00 X 0 0 0 JASON W RICHARDS TRUSTEE 2.00 X 0 0 0 LEIGHAN ROBERTS RINKER TRUSTEE 2.00 X 0 0 0 PAUL L ROBERTSON III TRUSTEE 2.00 X 0 0 0 R TODD RUPPERT TRUSTEE 2.00 X 0 0 0 DANIEL S SANDERS TRUSTEE 2.00 X 0 0 0 DANIEL S SANDERS JR TRUSTEE 2.00 X 0 0 0 SUSAN T SHI TRUSTEE 2.00 X 0 0 0 PEACE STERLING SULLIVAN TRUSTEE 2.00 X 0 0 0 WILLIAM R TIMMONS III TRUSTEE 2.00 X 0 0 0 WILLIAM BYRD TRAXLER JR TRUSTEE 2.00 X 0 0 0 RICHARD N WRENN JR TRUSTEE 2.00 X 0 0 0 BAXTER M WYNN TRUSTEE 2.00 X 0 0 0 ELIZABETH DAVIS PRESIDENT 40.00 X 471919 0 50512 MICHAEL HENDRICKS VP ENROLLMEN 40.00 X 249623 0 57330 MARY LOU MERKT VP FINANCE 40.00 1.00 X 240044 0 47615 MICHAEL J BUDDIE ATHLETICS DI 40.00 X 234896 0 45215 GEORGE C SHIELDS VP FOR AA & 40.00 X 188471 0 32155 MICHAEL D GATCHELL VP DEVELOPME 40.00 X 186096 0 48063 CONNIE L CARSON VP STUDENT L 40.00 X 172273 0 29640 KENNETH PETERSON DEAN OF FACU 40.00 X 156449 0 45191 ANGELA LITTLEJOHN GENERAL COUN 40.00 X 129352 0 14973 THOMAS E EVELYN II VP COMMUNICA 40.00 X 102114 0 19834 DAVID P STEINOUR VP FOR IT 40.00 X 0 0 0 CAMILLE HAZEUR INTERIM CDO 40.00 X 0 0 0 BRUCE A FOWLER HEAD FOOTBAL 40.00 X 248732 0 44451 KRISTOPHER N KAPOOR INVESTMENT O 40.00 X 222820 0 43103 NIKO MEDVED BASKETBALL C 40.00 X 208421 0 41063 FREDERICK M MILLER INFORMATION 40.00 X 165271 0 45032 JEFF P REDDERSON AVP FAC & CA 40.00 X 150448 0 30659 DAVID E SHI PROFESSOR 40.00 X 247500 0 0 RICHARD FRANCIS MEADE LACROSSE COA 40.00 X 240646 0 31669 LON B KNIGHT PROFESSOR 40.00 X 216030 0 44917 WILLIAM JAMES PIERCE PROFESSOR 40.00 X 182419 0 28629 RAYMOND E MOSS PROFESSOR 40.00 X 174363 0 13091 4187887 713142 109 false true false TRIANGLE CONSTRUCTION COMPANY PO BOX 6266 STATION B GREENVILLE SC 29606 CONSTRUCTION 11735074 ARAMARK PO BOX 828411 PHILADELPHIA PA 19182 DINING CATERING 9143016 COMPASS GROUP USA PO BOX 91337 CHICAGO IL 606931337 DINING CATERING 3950701 HARPER CORPORATION 35 WEST COURT ST STE 400 GREENVILLE SC 29601 CONSTRUCTION 1329210 MARKETPLACE STAFFING SERVICES 200 ADLEY WAY GREENVILLE SC 29606 TEMPORARY STAFF 786129 43 170471 3245964 2836146 21757185 2612516 28009766 TUITION AND FEES 611710 132164002 132164002 AUXILIARY SALES 611710 29657601 29657601 INTERCOLLEGIATE ATHLETICS 611710 3505468 3505468 OTHER INCOME 611600 3025423 3025423 COMMISSION INCOME 611710 1406379 1406379 169758873 9478423 9478423 53154 53154 3703407 2166825 1536582 1536582 389282 300629 846671 90555121 27527 63170891 22816 27384230 4711 27388941 27388941 130049 170471 98029 32020 32020 283683 225929 57754 57185 569 PARTNERSHIP UBI 611710 -52539 -52539 -52539 236262974 170205340 248659 37799209 551759 551759 70041669 70041669 3494840 1700235 1593778 200827 58922729 47611079 8376649 2935001 5901294 4577057 1061440 262797 11742285 8287189 3106904 348192 4274191 3409689 681669 182833 242684 22591 220093 95245 95245 3656362 3656362 5957483 3361822 2478499 117162 357097 224282 128633 4182 5793803 4007808 1503454 282541 3385482 3098752 249351 37379 3094370 19147 3075223 7865975 7445777 288803 131395 1935600 1600602 107215 227783 3579844 3014716 565128 13089429 11070831 2018598 744587 340 744247 MEAL PLANS 6960390 6960390 ATHLETICS 3238857 3238857 RENTAL & MAINTENANCE 1678707 1133371 540866 4470 LIBRARY 1560677 1560677 3019863 11487448 -8843411 375826 221185222 194426088 21648746 5110388 7858442 11734841 30766282 25407971 46883700 37050833 2746166 3525819 256319 262873 3031659 3170597 459434224 185288990 267381139 274145234 279105543 292917035 400241892 436219967 4864460 4549113 6589390 7280285 1049724992 1096264568 11054689 10230607 8609780 8943707 117020000 114750000 277413 154212 4394409 4076200 13762806 12263495 155119097 150418221 X 326895052 339163127 365514621 391340308 202196222 215342912 894605895 945846347 1049724992 1096264568 15077752 35602462 560238 X false true X true true true X 23403823 16924220 18765448 63073720 28009766 150176977 23403823 16924220 18765448 63073720 28009766 150176977 53544689 96632288 9635313 14288957 19377895 8057594 11843285 63203044 1363659 68843 1432502 2086740 2784103 2444746 2652566 130049 10098204 224910727 803223376 0.42960 0.42420 X PART II, LINE 10 9,968,155 SUPPLEMENTAL INFORMATION PART I - REASON FOR PUBLIC CHARITY STATUS THE UNIVERSITY IS CLASSIFIED AS A PUBLIC CHARITY, A SCHOOL, IN ACCORDANCE WITH SECTION 170(B)(1)(A)(II) OF THE INTERNAL REVENUE CODE. HOWEVER, THE UNIVERSITY HAS ELECTED TO FOLLOW THE "SPECIAL RULE" FOR REPORTING CONTRIBUTIONS ON SCHEDULE B WHICH PROVIDES THAT 501(C)(3) ORGANIZATIONS THAT SATISFY THE 33 1/3% SUPPORT TESTS OF SECTIONS 509(A)(1) AND 170(B)(1) (A)(VI) NEED ONLY DISCLOSE ON SCHEDULE B GIFTS FROM ANY ONE CONTRIBUTOR THAT TOTAL THE GREATER OF (1) 5,000 OR (2) 2% OF TOTAL CONTRIBUTIONS, GIFTS, GRANTS AND SIMILAR AMOUNTS RECEIVED. THEREFORE, THE UNIVERSITY HAS CHECKED SCHEDULE A, PART I, BOX 7 AND COMPLETED THE SUPPORT SCHEDULE IN PART II TO SUBSTANTIATE THAT IT MEETS THE PUBLIC SUPPORT TEST. THE UNIVERSITY CONTINUES TO QUALIFY AS A SCHOOL. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6 294394 325321 2717800 true true 3774999 X X false false true X 609730540 17812606 67449504 11618256 18506824 3821336 661046233 631397402 13018109 -1924812 9938999 19646598 3174562 609730540 650034650 5181840 7679281 9448629 18921020 3128720 631397402 592996843 4722076 83577966 8997876 19448062 2816297 650034650 550265504 9611406 60686228 8491806 16360252 2714237 592996843 0.15160 0.28520 0.56320 true true true 30887545 30887545 320811818 128842030 191969788 93250284 56446960 36803324 14484577 14484577 274145234 200075 F EQUITY SECURITIES 181410812 F HEDGED STRATEGIES 119286763 F PRIVATE CAPITAL 50479324 F REAL ESTATE ASSET FUNDS 44706226 F FIXED INCOME 38915640 F REAL ESTATE 1112450 C REAL ESTATE 108677 F 436219967 ADVANCES - STUDENT LOANS 4385074 BOND PREMIUM 3393382 SPLIT INTEREST AGREEMENTS 1474047 ASSET RETIREMENT OBLIGATION 1385698 INTEREST RATE SWAP AGREEMENT 1201886 CAPITAL LEASE AGREEMENTS 423408 12263495 SCHEDULE D, PAGE 2, 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 ITEMS, MANY PIECES ARE DISPLAYED THROUGHOUT CAMPUS, WHILE OTHERS ARE PRESERVED. THE OBJECTS HAVE BEEN GENEROUSLY DONATED TO FURMAN. THEY 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 PRESERVATION OF THE OBJECTS FOR FUTURE GENERATIONS, EDUCATIONAL OPPORTUNITIES AND EXHIBITS. SCHEDULE D, PAGE 2, PART IV, LINE 2B AGENCY ACCOUNTS ARE HELD TO PROVIDE BANKING ABILITY FOR SMALL STUDENT CLUBS. THE UNIVERSITY ALSO PROVIDES BANKING FOR PROFESSIONAL ORGANIZATIONS THAT ARE INDIRECTLY RELATED TO THE UNIVERSITY. EXAMPLE: SACUBO SCHEDULE D, PAGE 2, PART V, LINE 4 THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 900 SEPARATE FUNDS ESTABLISHED OVER MANY YEARS FOR SCHOLARSHIPS, PROFESSORSHIPS, LECTURESHIPS, ACADEMIC PROGRAMS AND AWARDS, BUILDING MAINTENANCE, AND GENERAL INSTITUTIONAL SUPPORT. THE OVERALL FINANCIAL OBJECTIVE OF THE ENDOWMENT IS TO PRESERVE AND ENHANCE THE REAL (INFLATION-ADJUSTED) PURCHASING POWER OF THE FUND IN PERPETUITY. 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. ADDITIONAL REAL GROWTH WILL BE PROVIDED THROUGH NEW GIFTS AND ANY EXCESS INVESTMENT RETURNS. true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 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, CATALOGS, NEWSPAPER (CONTINUED) ADVERTISEMENTS AND OTHER WRITTEN COMMUNICATION WITH THE PUBLIC RELATED TO STUDENT ADMISSIONS, PROGRAMS AND SCHOLARSHIPS, AS WELL AS EMPLOYMENT OPPORTUNITIES. SCHEDULE E, LINE 6 THE UNIVERSITY PARTICIPATES IN THE FEDERAL PELL GRANT PROGRAM, THE FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS PROGRAM, THE FEDERAL COLLEGE WORK STUDY PROGRAM, AND THE FEDERAL PERKINS LOAN PROGRAM. ADDITIONALLY, THE UNIVERSITY HAS RECEIVED A NUMBER OF GRANTS FROM THE NATIONAL SCIENCE FOUNDATION, THE UNITED STATES DEPARTMENT OF HEALTH AND HUMAN SCIENCES, AND THE DEPARTMENT OF DEFENSE. false CENTRAL AMERICA AND THE CARRIBEAN PROGRAM SERVICES TRANSLATOR 2500 CENTRAL AMERICA AND THE CARRIBEAN PROGRAM SERVICES STUDY-AWAY 188182 CENTRAL AMERICA AND THE CARRIBEAN INVESTMENTS 97856558 EAST ASIA AND THE PACIFIC PROGRAM SERVICES STUDENT RECRUITING 25970 EAST ASIA AND THE PACIFIC PROGRAM SERVICES STUDENT REFUND 10000 EAST ASIA AND THE PACIFIC PROGRAM SERVICES STUDY AWAY 716285 EAST ASIA AND THE PACIFIC PROGRAM SERVICES SUPPLIES 2080 EAST ASIA AND THE PACIFIC INVESTMENTS 1648176 EUROPE PROGRAM SERVICES STUDENT RECRUITING 5790 EUROPE PROGRAM SERVICES STUDENT REFUND 15239 EUROPE PROGRAM SERVICES LIBRARY RESOURCES 5126 EUROPE PROGRAM SERVICES STUDY AWAY 2846423 EUROPE INVESTMENTS 15622373 MIDDLE EAST AND NORTH AFRICA PROGRAM SERVICES STUDENT RECRUITING 2666 SOUTH ASIA PROGRAM SERVICES STUDENT RECRUITING 29449 SUB-SAHARAN AFRICA PROGRAM SERVICES STUDY AWAY 429458 119406275 119406275 true false true true true false SCHEDULE F, PAGE 1, PART I, LINE 2 FURMAN UNIVERSITY IS NOT A GRANTMAKER AS REFERENCED ON SCH. F LINE 1. FURMAN UNIVERSITY PROVIDES FUNDING TO FACULTY AND TO STUDENTS FOR RESERACH AND OTHER PROJECTS. EXPENSES MUST BE SUBSTANTIATED UNDER THE ACCOUNTABLE PLAN TO ENSURE PROPER USE OF FUNDS. SCHEDULE F, PAGE 1, PART I, LINE 3 CENTRAL AMERICA AND THE CARRIBEAN 2,500 0 CENTRAL AMERICA AND THE CARRIBEAN 188,182 0 CENTRAL AMERICA AND THE CARRIBEAN 0 97,856,558 EAST ASIA AND THE PACIFIC 25,970 0 EAST ASIA AND THE PACIFIC 10,000 0 EAST ASIA AND THE PACIFIC 716,285 0 EAST ASIA AND THE PACIFIC 2,080 0 EAST ASIA AND THE PACIFIC 0 1,648,176 EUROPE 5,790 0 EUROPE 15,239 0 EUROPE 5,126 0 EUROPE 2,846,423 0 EUROPE 0 15,622,373 MIDDLE EAST AND NORTH AFRICA 2,666 0 SOUTH ASIA 29,449 0 SUB-SAHARAN AFRICA 429,458 0 V PERONE CLASSI 61465 38065 23400 7324 5267 10177 2534 RED WHITE BLUE 33727 33727 8517 252 13161 6 178468 112364 66104 9262 15746 19672 3917 273660 150429 123231 25103 21013 30101 19612 95829 27402 true THE GREENVILLE DRIVE LLC 945 S MAIN ST GREENVILLE SC 29601 576019318 N/A 50575 SPONSORSHIP GREENVILLE CHAMBER OF COMMERCE 24 CLEVELAND ST GREENVILLE SC 29601 570173240 501C6 30825 SPONSORSHIP UPCOUNTRY HISTORY MUSEUM 540 BUNCOMBE ST GREENVILLE SC 29601 570833796 501C3 205000 OPERATING SUPPORT ARTISPHERE 16 AUGUSTA ST GREENVILLE SC 29601 582676608 501C3 11000 SPONSORSHIP EMPIRE MOCK TRIAL ASSOCIATION INC 515 ROUTE 33 MILLSTONE NJ 08535 260150254 501C3 15000 DONATION FALL FOR GREENVILLE INC PO BOX 2207 GREENVILLE SC 29602 570876594 501C3 7500 SPONSORSHIP MEDIA VENTURES LLC 4 TANTALLON CT SIMPSONVILLE SC 29681 462802268 N/A 13000 DONATION GREENVILLE ARENA DISTRICT 650 N ACADEMY ST GREENVILLE SC 29601 576007739 GOV 75000 SPONSORSHIP THE WASHINGTON CENTER 1333 16TH ST NW WASHINGTON DC 20036 521019820 501C3 10000 SPONSORSHIP ORGANIZATION FOR TROPICAL STUDIES 410 SWIFT AVE DURHAM NC 27705 562125831 501C3 11535 SPONSORSHIP MIRACLE NETWORK DANCE MARATHON 205 WEST 700 SOUTH SALT LAKE CITY UT 84101 870387205 501C3 5437 DONATION 8 3 UNDERGRAD SCHOLARSHIPS 2154 56366403 ATHLETIC SCHOLARSHIPS 414 12129828 GRADUATE SCHOLARSHIPS 5 83790 INTERNSHIPS 597 1341248 GRADUATE STIPENDS 10 95000 OTHER STIPENDS 16 25400 SCHEDULE I, PAGE 1, PART I, LINE 2 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 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 ATTENDANCE) AND CANNOT 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. X X X true true X X X X X false false false false false false false true false ELIZABETH DAVIS PRESIDENT 427901 44018 33125 17387 522431 MICHAEL HENDRICKS VP ENROLLMENT MGMT 230291 19332 32031 25299 306953 MARY LOU MERKT VP FINANCE & ADMIN 196731 43313 30450 17165 287659 MICHAEL J BUDDIE ATHLETICS DIRECTOR 226427 8469 28828 16387 280111 GEORGE C SHIELDS VP FOR AA & PROVOST 152561 35910 23962 8193 220626 MICHAEL D GATCHELL VP DEVELOPMENT 166741 19355 23962 24101 234159 CONNIE L CARSON VP STUDENT LIFE 171319 954 21687 7953 201913 KENNETH PETERSON DEAN OF FACULTY 136796 19653 19426 25765 201640 BRUCE A FOWLER HEAD FOOTBALL COACH 196030 20000 32702 27912 16539 293183 KRISTOPHER N KAPOOR INVESTMENT OFFICER 175554 37333 9933 23578 19525 265923 NIKO MEDVED BASKETBALL COACH 179094 12500 16827 24345 16718 249484 FREDERICK M MILLER INFORMATION OFFICER 137075 28196 19406 25626 210303 JEFF P REDDERSON AVP FAC & CAMPUS SVC 145456 4992 19241 11418 181107 DAVID E SHI PROFESSOR 220275 27225 247500 RICHARD FRANCIS MEADE LACROSSE COACH 214501 26145 29985 1684 272315 LON B KNIGHT PROFESSOR 190716 25314 25635 19282 260947 WILLIAM JAMES PIERCE PROFESSOR 157499 24920 20905 7724 211048 RAYMOND E MOSS PROFESSOR 159827 14536 7395 5696 187454 SCHEDULE J, PAGE 1, PART I, LINE 1A TRAVEL COMPANIONS - A COMPANION HAS TRAVELED WITH ELIZABETH DAVIS. TO THE EXTENT IT WAS PERSONAL IN NATURE SUCH AMOUNTS WERE INCLUDED IN HER TAXABLE INCOME. RESIDENCE FOR PERSONAL USE - THE PRESIDENT OF THE UNIVERSITY AND HER FAMILY RESIDE AT WHITE OAKS WHICH IS THE OFFICIAL RESIDENCE OF THE PRESIDENT. THE PRESIDENT IS REQUIRED TO LIVE AT WHITE OAKS AS A CONDITION OF HER EMPLOYMENT. THE RESIDENCE IS OWNED AND MAINTAINED BY THE UNIVERSITY. CLEANING, MAINTENANCE, AND GROUNDS KEEPING SERVICES ARE PROVIDED BY THE UNIVERSITY FOR THE PUBLIC AREAS OF THE RESIDENCE ONLY. THE PRESIDENT HOSTS UNIVERSITY EVENTS AT WHITE OAKS AS WELL. SOCIAL CLUB DUES - ELIZABETH DAVIS, MICHAEL GATCHELL AND MIKE BUDDIE WERE PROVIDED WITH CLUB MEMBERSHIPS. TO THE EXTENT THE DUES WERE CONSIDERED PERSONAL, THE AMOUNTS WERE INCLUDED IN TAXABLE INCOME OR REIMBURSED TO THE UNIVERSITY. OTHERWISE THE DUES WERE TO ALLOW EMPLOYEES TO MEET WITH DONORS AND OTHER SUPPORTERS OF THE UNIVERSITY AT THE CLUB. FURMAN POLICY GOVERNS THE NATURE AND TYPE OF ALLOWABLE EXPENDITURES AND PAYMENTS, INCLUDING REQUIREMENTS TO PROVIDE SUPPORTING DOCUMENTATION DETAILING THE TRANSACTION AND BUSINESS PURPOSE OF ANY APPROVED EXPENDITURES. SCHEDULE J, PAGE 1, PART I, LINE 7 FURMAN UNIVERSITY MADE NON-FIXED BONUS PAYMENTS TO BRUCE FOWLER, NIKO MEDVED AND KRISTOPHER KAPOOR. THE PAYMENTS WERE FOR MERIT AND WERE NOT CONTINGENT ON THE REVENUES OR NET EARNINGS OF THE UNIVERSITY OR ANY RELATED ORGANIZATION. A EFA FOR PRIVATE NON-PROFIT 576000286 836896GE4 2006-07-06 46660000 REFUNDING AND CAPITAL IMPROVEMENTS false false false B EFA FOR PRIVATE NON-PROFIT 576000286 836896JA4 2010-03-18 21867529 REFUNDING AND CAPITAL IMPROVEMENTS false false false C SC JOBS - ECONOMIC DEV AUTHORITY 570960018 837031UL5 2015-08-13 68432003 REFUNDING AND CAPITAL IMPROVMENTS false false false A 875000 47233539 305000 11050906 2008 true false true true B 1395000 21867529 277059 1000000 2012 true true true true C 68195261 410882 25012549 197798 2017 false true false true A false false false false false false true B false false false false false false true C false false false false false false true A true true true WELLS FARGO 20.000000000000 false false true TRINITY PLUS 1.800000000000 true false true B false false false true false false false false true C false true false false false false false false true A true B true C true SCHEDULE K - DIFFERENCES IN ISSUE PRICE EXPLANATION SC JOBS - ECONOMIC DEV. AUTHORITY ISSUE PRICE 68,432,003 UNDERWRITER'S DISCOUNT (236,742) TOTAL PROCEEDS 68,195,261 SCHEDULE K - DATE REBATE COMPUTATION PERFORMED EFA FOR PRIVATE NON-PROFIT 08/25/09 SCHEDULE K - ADDITIONAL INFORMATION EFA FOR PRIVATE NON-PROFIT ISSUE PRICE PER PART I(E) 46,660,000 INVESTMENT EARNINGS 889,182 ARBITRAGE REBATE PAYMENT (315,643) TOTAL PROCEEDS PART II, LINE 3 47,233,539 SC JOBS - ECONOMIC DEV. AUTHORITY AS PART OF THE 8/13/15 BOND ISSUANCE, BONDS ISSUED ON 4/16/06 WERE ADVANCED REFUNDED. THE REFUNDED BONDS WERE CALLED ON 10/01/2016. NA N/A 85500 SCHOLARSHIPS MERIT SCHOLARSHIPS COURTNEY TOLLISON SP OF TRUSTEE 42996 SALARY false WILLIAM MERKT SP OF OFFICER 12600 SALARY false ERICA MEDVED SP OF KEY EMPL. 20081 SALARY false SCHEDULE L, PART V COURTNEY TOLLISON: SPOUSE OF UNIVERSITY TRUSTEE SEAN HARTNESS, WAS PAID WAGES FOR HER EMPLOYMENT WITH THE FILING ORGANIZATION. WILLIAM MERKT: SPOUSE OF OFFICER MARY LOU MERKT, WAS PAID WAGES FOR HIS EMPLOYMENT WITH THE FILING ORGANIZATION. ERICA MEDVED: SPOUSE OF HEAD BASKETBALL COACH AND KEY EMPLOYEE NIKO MEDVED, WAS PAID WAGES FOR HER EMPLOYMENT WITH THE FILING ORGANIZATION. X 6 898 BOOK VALUE X 1 3399 FMV X 85 1594129 FMV X 1 978750 INDEPENDENT VALUE X 6 2560 FMV X 4 928 COST X EVENT TICKETS 18 13939 COST X MISC 6 12113 COST X LODGING 6 5800 FMV false true true SCHEDULE M, PAGE 1, PART I, LINE 32B VARIOUS BANKS AND BROKERS ARE USED TO SELL DONATED SECURITIES. SCHEDULE M, PAGE 2, PART II SCHEDULE M, PART I, COLUMN (B): FURMAN UNIVERSITY IS ENTERING THE NUMBER OF CONTRIBUTIONS RECEIVED OF EACH TYPE IN ACCORDANCE WITH THE UNIVERSITY'S RECORDKEEPING PRACTICES. FORM 990, PAGE 2, PART III, LINE 2 THE FURMAN ADVANTAGE, LAUNCHED IN THE FALL OF 2016, GUARANTEES EVERY STUDENT AN UNPARALLELED EDUCATION THAT COMBINES CLASSROOM LEARNING WITH REAL-WORLD EXPERIENCES AND SELF-DISCOVERY. THIS INTEGRATED FOUR-YEAR PATHWAY, GUIDED BY A DIVERSE COMMUNITY OF MENTORS, PREPARES STUDENTS FOR LIVES OF PURPOSE, ACCELERATED CAREER AND COMMUNITY IMPACT. FORM 990, PAGE 2, PART III, LINE 4D THE UNIVERSITY GENERATED COMMISSION INCOME FROM VARIOUS ON-CAMPUS SERVICE PROVIDERS INCLUDING FOOD SERVICES, THE BOOKSTORE, AND OTHER SERVICES AND EVENTS. THE UNIVERSITY INCURRED EXPENSES IN HOSTING OUTDOOR CONCERTS THAT ARE OPEN TO THE COMMUNITY AND PROVIDING GRANTS TO LOCAL AND DOMESTIC ORGANIZATIONS. FORM 990, PAGE 6, PART VI, LINE 11B THE UNIVERSITY'S AUDIT COMMITTEE OF THE BOARD OF TRUSTEES REVIEWED THE PREPARED FORM 990 PRIOR TO FILING WITH THE IRS. SPECIFIC ISSUES AND/OR QUESTIONS THAT AROSE DURING THE REVIEW PROCESS WERE ADDDRESSED. THE PUBLIC DISCLOSURE COPY OF FORM 990 WAS PROVIDED TO THE REMAINING VOTING MEMBERS OF THE UNIVERSITY'S BOARD OF TRUSTEES. FORM 990, PAGE 6, PART VI, LINE 12C THE CONFLICT OF INTEREST POLICY FOR THE BOARD OF TRUSTEES IS INCLUDED IN SECTION 9 OF THE FURMAN UNIVERSITY BY-LAWS. EACH MEMBER OF THE BOARD OF TRUSTEES IS REQUIRED TO COMPLETE A CONFLICT 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 CONFLICT 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. THIS QUESTIONNAIRE REQUIRES DISCLOSURE OF ANY POTENTIAL CONFLICTS OF INTEREST AND IS ADMINISTERED BY THE HUMAN RESOURCES DEPARTMENT. FORM 990, PAGE 6, PART VI, LINE 15A THE COMPENSATION OF THE UNIVERSITY'S PRESIDENT IS DETERMINED ANNUALLY BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. THE COMMITTEE COMMISSIONED STUDIES OF PEER INSTITUTIONS' EXECUTIVE COMPENSATION CONDUCTED BY INDEPENDENT CONSULTANTS. FINAL COMPENSATION IS APPROVED BY THE EXECUTIVE COMMITTEE ON AN ANNUAL BASIS. THE PRESIDENT'S EMPLOYMENT IS GUIDED BY A WRITTEN EMPLOYMENT CONTRACT SIGNED BY BOTH PARTIES. ADDITIONALLY, THE INDEPENDENT CONSULTANTS REVIEW AND ANALYZE THREE OF THE OFFICERS' SALARIES ANNUALLY. THE THREE OFFICERS' SALARIES ARE SELECTED BY THE INDEPENDENT CONSULTANTS AND ARE SELECTED ON A ROTATION BASIS. EXECUTIVE COMMITTEE MEETINGS ARE DOCUMENTED. FORM 990, PAGE 6, PART VI, LINE 15B AS STATED IN THE RESPONSE TO QUESTION 15A, INDEPENDENT CONSULTANTS REVIEW AND ANALYZE THREE OFFICERS' SALARIES ANNUALLY. FORM 990, PAGE 6, PART VI, LINE 19 FURMAN UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. ADDITIONALLY, THE UNIVERSITY'S CONSOLIDATED FINANCIAL STATEMENTS CAN BE FOUND ON THE FURMAN WEBSITE. FORM 990, PART XI, LINE 9 BOOK / TAX DEPRECIATION DIFFERENCE 63,036 CHANGE IN INTEREST RATE EXC AGREEMENT 683,803 -186,601 TOTAL 560,238 FURMAN UNIVERSITY FOUNDATION 3300 POINSETT HWY GREENVILLE SC 29613 571061363 FOUNDATION SC 501C3 12C NA false HOLLINGSWORTH FUNDS INC 124 VERDAE BLVD STE 10 GREENVILLE SC 29607 571003814 CHARITABLE SC 501C3 12A NA false CHARITABLE REMAINDER UNITRUSTS (10) SPLIT INT SC NA TRUST false CHARITABLE REMAINDER ANNUITY TRUST SPLIT INT SC NA TRUST false false false true false false false false false false false false false false false false false false false true HOLLINGSWORTH FUNDS INC S 3288222 CASH RECEIVED FURMAN UNIV FOUNDATION C 3245964 CASH RECEIVED SCHEDULE R HOLLINGSWORTH FUNDS, INC. IS A TAX EXEMPT SUPPORTING ORGANIZATION UNDER SECTION 509(C)(3) OF THE INTERNAL REVENUE CODE WHOSE PURPOSE IS TO SUPPORT FURMAN UNIVERSITY AND OTHER GREENVILLE, SC BASED CHARITIES. FOR THE YEAR ENDED JUNE 30, 2017, INCOME DISTRIBUTIONS FROM THE HOLLINGSWORTH FUNDS, WHICH ARE REPORTED AS INVESTMENT RETURNS, WERE 3,288,222, AND PROVIDED FUNDING FOR THE HOLLINGSWORTH SCHOLARS PROGRAM, TWO ENDOWED PROFESSORSHIPS IN THE DEPARTMENTS OF ECONOMICS AND BUSINESS AND ACCOUNTING, AND SPECIFIC NEEDS OF THE DEPARTMENTS OF BUSINESS AND ACCOUNTING AND ECONOMICS. FURMAN UNIVERSITY FOUNDATION (FUF) OPERATES AS A NONPROFIT PUBLIC BENEFIT CORPORATION TO SERVE THE NEEDS AND INTERESTS OF FURMAN UNIVERSITY.