2017-05-11T10:57:58-04:00 2016-06-30 990 2015-07-01 570314395 FURMAN UNIVERSITY FURM 8642943496 3300 POINSETT HIGHWAY GREENVILLE SC 29613 MARY LOU MERKT VP FINANCE & ADMIN 8642943496 2017-05-08 JANICE A RATICA P00358837 2017-05-11 2015 2021-01-29 14:40:06Z MARY LOU MERKT 3300 POINSETT HIGHWAY GREENVILLE SC 29613 276744447 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. 33 31 2602 1000 249039 -24537 18765448 63073720 162199469 163183735 48363384 15816388 2261657 2817590 231589958 244891433 58018934 62290752 0 74796480 79168636 3390 0 4250312 65900665 68494308 198719469 209953696 32870489 34937737 1009063027 1049724992 128843046 155119097 880219981 894605895 X THE PRIMARY MISSION OF FURMAN AS A LIBERAL ARTS INSTITUTION IS TO PROVIDE A DISTINCTIVE UNDERGRADUATE EDUCATION ENCOMPASSING HUMANITIES, FINE ARTS, SOCIAL SCIENCES, MATHEMATICS AND THE NATURAL SCIENCES, AND SELECTED PROFESSIONAL DISCIPLINES. FURMAN ALSO OFFERS GRADUATE PROGRAMS IN EDUCATION AND CHEMISTRY, AND PROVIDES A CONTINUING EDUCATION PROGRAM FOR THE LARGER GREENVILLE SC COMMUNITY. false false 137419680 61779193 126124719 INSTRUCTION OF APPROXIMATELY 3,000 STUDENTS IN UNDERGRADUATE AND GRADUATE PROGRAMS. IN ADDITION THE UNIVERSITY OFFERS STUDY AWAY PROGRAMS IN MORE THAN 20 COUNTRIES, AND MOST ARE LED BY FURMAN FACULTY. SCHOLARSHIPS ARE AWARDED TO ELIGIBLE STUDENTS BASED ON FINANCIAL NEED AND ACADEMIC MERIT. APPROXIMATELY 2,551 STUDENTS RECEIVED SCHOLARSHIPS FROM THE UNIVERSITY DURING THE YEAR. 27708161 17985 3491180 A FURMAN EDUCATION INCLUDES CO-CURRICULAR EXPERIENCES WHICH INCREASE THE TRAJECTORY OF A STUDENT'S DEVELOPMENT SOCIALLY, PHYSICALLY, CULTURALLY, SPIRITUALLY AND INTELLECTUALLY. THE OVERALL STUDENT EXPERIENCE PROVIDES THE OPPORTUNITY TO TEST THE THEORETICAL IN REAL WORLD APPLICATIONS, PREPARING THEM FOR LIFE AFTER HIGHER EDUCATION. 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. 21865005 27858989 THE UNIVERSITY CONDUCTED AUXILIARY ENTERPRISES FOR THE CONVENIENCE OF STUDENTS, FACULTY, STAFF AND THE AT-LARGE COMMUNITY. THESE AUXILIARY ENTERPRISES CONSIST OF STUDENT HOUSING, GOLF COURSE, ARENA AND CONFERENCE CENTER. 557339 493574 5708847 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. 557339 493574 5708847 187550185 true true false false false true false true true true true true false false true true 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 504 0 true 2602 true true true false false false false true true false false false false X 33 31 false false false false false false false true true false false false true true true true true true true false SC X X X AMY BARNHILL 8642943496 3300 POINSETT HIGHWAY GREENVILLE SC 29613 ROBERT E HILL CHAIR 2.00 X 0 0 0 MICHAEL RIORDAN 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 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 STANFORD J JENNINGS TRUSTEE 2.00 X 0 0 0 JUAN D JOHNSON 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 LEIGHAN ROBERTS RINKER TRUSTEE 2.00 X 0 0 0 PAUL L ROBERTSON III TRUSTEE 2.00 X 0 0 0 DANIEL S SANDERS 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 A ALEXANDER TAYLOR II 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 DAVID TRONE 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 JOHN C YATES TRUSTEE 2.00 X 0 0 0 ELIZABETH DAVIS PRESIDENT 40.00 X 433322 0 50079 MARY LOU MERKT VP FINANCE 40.00 1.00 X 225852 0 44470 JOHN BECKFORD VP ACADEMIC 40.00 X 181404 0 40548 MICHAEL D GATCHELL VP DEVELOPME 40.00 X 171670 0 43425 CONNIE L CARSON VP STUDENT L 40.00 X 160612 0 27253 MARK KELLY VP MARKETING 40.00 X 157167 0 36587 GARY E CLARK VP OF ATHLE 40.00 X 146515 0 32716 MIKE HENDRICKS VP ENROLLMEN 40.00 X 122123 0 26825 BRUCE A FOWLER HEAD FOOTBAL 40.00 X 256813 0 44341 KRISTOPHER N KAPOOR INVESTMENT O 40.00 X 217095 0 40361 NIKO MEDVED BASKETBALL C 40.00 X 200081 0 37823 DONALD L GORDON DIR. RILEY I 40.00 X 163270 0 26878 FREDERICK M MILLER INFORMATION 40.00 X 162537 0 45059 RICHARD FRANCIS MEADE LACROSSE COA 40.00 X 233805 0 30322 LON B KNIGHT PROFESSOR 40.00 X 192402 0 41651 KENNETH C ABERNETHY PROFESSOR 40.00 X 182946 0 24041 JAMES L GUTH PROFESSOR 40.00 X 170419 0 38142 WILLIAM JAMES PIERCE PROFESSOR 40.00 X 169930 0 27494 3547963 658015 84 false true false ARAMARK PO BOX 828411 PHILADELPHIA PA 19182 DINING CATERING 11996072 TRIANGLE CONSTRUCTION COMPANY PO BOX 6266 STATION B GREENVILLE SC 29606 CONSTRUCTION 5875046 MAVIN CONSTRUCTION LLC PO BOX 1941 GREENVILLE SC 29602 CONSTRUCTION 1229871 MARKETPLACE STAFFING SERVICES 200 ADLEY WAY GREENVILLE SC 29606 TEMPORARY STAFF 819443 CAMERON CONSTRUCTION INC PO BOX 15120 GREENVILLE SC 29610 CONSTRUCTION 728467 46 222830 95403 2335258 60420229 1371579 63073720 TUITION AND FEES 611710 126124719 126124719 AUXILIARY SALES 611710 27858989 27858989 COMMISSION INCOME 611710 3779155 3779155 INTERCOLLEGIATE ATHLETICS 611600 3491180 3491180 OTHER INCOME 611710 1929692 1929692 163183735 8010257 19520 7990737 47337 47337 3748120 1808447 1939673 1939673 528491 223507 1187675 36325892 1153976 28045659 1628078 8280233 -474102 7806131 7806131 153277 222830 177684 -24407 -24407 237348 193146 44202 38190 6012 RELATED FEES 611710 810785 810785 810785 244891433 160782046 249039 20786628 493574 493574 61797178 61797178 3094825 1467202 1412529 215094 55377902 44684495 8502432 2190975 5557138 4289780 1013125 254233 11098932 7807592 2962863 328477 4039839 3201701 668924 169214 5784837 3566470 2147277 71090 375791 14613 361178 97000 97000 2981364 2981364 588079 356887 229268 1924 312484 250564 55858 6062 5851423 3652791 1915674 282958 3475331 3196289 244570 34472 3219149 19710 3199439 7774157 7379676 233115 161366 1949577 1656360 112788 180429 3223965 2576709 647256 11818076 9897793 1920283 720909 340 720569 MEAL PLANS 9683262 9683262 ATHLETICS 3350943 3350943 RENTAL & MAINTENANCE 2984606 1774289 1195673 14644 LIBRARY 1526947 1526919 28 2776408 14905048 -12468014 339374 209953696 187550185 18153199 4250312 33249657 7858442 10759454 30766282 13801730 46883700 2302208 2746166 4856804 4864460 257814 256319 1847365 3031659 440433991 173052852 258596622 267381139 139503370 123929491 541231337 559824402 2656666 2182932 1009063027 1049724992 9264728 11054689 8685269 8609780 94510000 117020000 135428 277413 4728915 4394409 11518706 13762806 128843046 155119097 X 333274670 326895052 380293613 365514621 166651698 202196222 880219981 894605895 1009063027 1049724992 34937737 -18727549 -1824274 X X false true X true true true X 30063845 23403823 16924220 18765448 63073720 152231056 30063845 23403823 16924220 18765448 63073720 152231056 55564328 96666728 9323314 9635313 14288957 19377895 8057594 60683073 2306527 1363659 68843 3739029 1255061 2086740 2784103 2444746 2652566 11223216 227876374 777975009 0.42420 0.58300 X PART II, LINE 10 11,223,216 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 7 265172 247060 2748726 true true X X false false true X 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 572162347 4215541 670762 8044600 16187429 2551117 550265504 0.16000 0.28000 0.56000 true true true 27862494 27862494 305713504 120384755 185328749 90577668 52668097 37909571 16280325 16280325 267381139 200075 F EQUITY SECURITIES 160626558 F FUNDS HELD IN TRUST BY OTHERS 159582510 F HEDGED STRATEGIES 123354551 F PRIVATE CAPITAL 41154243 F FIXED INCOME 37286222 F REAL ESTATE ASSET FUNDS 36351187 F REAL ESTATE 1160379 C REAL ESTATE 108677 F 559824402 ADVANCES - STUDENT LOANS 4493527 BOND PREMIUM 3806084 INTEREST RATE SWAP AGREEMENT 1885689 SPLIT INTEREST AGREEMENTS 1492300 ASSET RETIREMENT OBLIGATION 1452407 CAPITAL LEASE AGREEMENTS 632799 13762806 X 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 OBJECTS, MANY PIECES ARE DISPLAYED THROUGHOUT CAMPUS, WHILE OTHERS ARE PRESERVED. THE OBJECTS HAVE BEEN GENEROUSLY DONATED TO FURMAN AND THE OBJECTS 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 TO PRESERVE 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. SCHEDULE D, PAGE 3, PART X THE UNIVERSITY'S POLICY IS TO RECORD A LIABILITY FOR ANY TAX POSITION TAKEN THAT IS BENEFICIAL TO THE UNIVERSITY, 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, 2016 AND 2015 AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. 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 ATHLETIC EVENTS 5703 CENTRAL AMERICA AND THE CARRIBEAN PROGRAM SERVICES TRANSLATOR 2000 CENTRAL AMERICA AND THE CARRIBEAN PROGRAM SERVICES STUDY-AWAY 12594 CENTRAL AMERICA AND THE CARRIBEAN INVESTMENTS 99239021 EAST ASIA AND THE PACIFIC PROGRAM SERVICES CONFERENCE 1965 EAST ASIA AND THE PACIFIC PROGRAM SERVICES STUDENT RECRUITING 2409 EAST ASIA AND THE PACIFIC PROGRAM SERVICES STUDY AWAY 49717 EAST ASIA AND THE PACIFIC PROGRAM SERVICES SUPPLIES 7049 EAST ASIA AND THE PACIFIC PROGRAM SERVICES LANGUAGE IMMERSION 7111 EAST ASIA AND THE PACIFIC INVESTMENTS 1498176 EUROPE PROGRAM SERVICES STUDENT RECRUITING 5928 EUROPE PROGRAM SERVICES ATHLETIC EVENTS 3536 EUROPE PROGRAM SERVICES CONFERENCE 1013 EUROPE PROGRAM SERVICES GUEST SPEAKER 5511 EUROPE PROGRAM SERVICES SUPPLIES 21890 EUROPE PROGRAM SERVICES SUBSCRIPTION 3200 EUROPE PROGRAM SERVICES STUDENT CONFERENCE 14495 EUROPE PROGRAM SERVICES STUDENT REFUND 401 EUROPE PROGRAM SERVICES SERVICE LEARNING 3296 EUROPE PROGRAM SERVICES STUDENT RESEARCH 2414 EUROPE PROGRAM SERVICES VISITING ARTIST 12588 EUROPE PROGRAM SERVICES FACULTY DEVELOPMENT 7528 EUROPE PROGRAM SERVICES FACULTY RESEARCH 6618 EUROPE PROGRAM SERVICES LIBRARY RESOURCES 19775 EUROPE PROGRAM SERVICES STUDY AWAY 1021773 MIDDLE EAST AND NORTH AFRICA PROGRAM SERVICES ILLUSTRATOR 350 MIDDLE EAST AND NORTH AFRICA PROGRAM SERVICES STUDY AWAY 152077 MIDDLE EAST AND NORTH AFRICA PROGRAM SERVICES GUEST SPEAKER 700 NORTH AMERICA PROGRAM SERVICES STUDY AWAY 4100 SOUTH AMERICA PROGRAM SERVICES STUDY AWAY 151657 SOUTH ASIA PROGRAM SERVICES STUDY AWAY 40789 SUB-SAHARAN AFRICA PROGRAM SERVICES STUDY AWAY 78906 SUB-SAHARAN AFRICA PROGRAM SERVICES GUEST SPEAKER 840 100881318 1503812 102385130 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 5,703 0 CENTRAL AMERICA AND THE CARRIBEAN 2,000 0 CENTRAL AMERICA AND THE CARRIBEAN 12,594 0 CENTRAL AMERICA AND THE CARRIBEAN 0 99,239,021 EAST ASIA AND THE PACIFIC 1,965 0 EAST ASIA AND THE PACIFIC 2,409 0 EAST ASIA AND THE PACIFIC 49,717 0 EAST ASIA AND THE PACIFIC 7,049 0 EAST ASIA AND THE PACIFIC 7,111 0 EAST ASIA AND THE PACIFIC 0 1,498,176 EUROPE 5,928 0 EUROPE 3,536 0 EUROPE 1,013 0 EUROPE 5,511 0 EUROPE 21,890 0 EUROPE 3,200 0 EUROPE 14,495 0 EUROPE 401 0 EUROPE 3,296 0 EUROPE 2,414 0 EUROPE 12,588 0 EUROPE 7,528 0 EUROPE 6,618 0 EUROPE 19,775 0 EUROPE 1,021,773 0 MIDDLE EAST AND NORTH AFRICA 350 0 MIDDLE EAST AND NORTH AFRICA 152,077 0 MIDDLE EAST AND NORTH AFRICA 700 0 NORTH AMERICA 4,100 0 SOUTH AMERICA 151,657 0 SOUTH ASIA 40,789 0 SUB-SAHARAN AFRICA 78,906 0 SUB-SAHARAN AFRICA 840 0 SANDERS HISTORY 122385 69575 52810 8821 4630 47500 20128 GOLF TOURNAMENT 74455 47520 26935 2805 5905 6825 6308 7 172107 102285 69822 16628 15342 26917 2000 12132 368947 219380 149567 28254 21247 38372 49500 38568 175941 -26374 true ZAP FITNESS FOUNDATION 9560 BLACKBERRY RD LENOIR NC 28645 562275993 501C3 6690 DONATION THE GREENVILLE DRIVE LLC 945 S MAIN ST GREENVILLE SC 29601 576019318 N/A 75000 SPONSORSHIP GREENVILLE CHAMBER OF COMMERCE 24 CLEVELAND ST GREENVILLE SC 29601 570173240 501C6 22206 SPONSORSHIP UPCOUNTRY HISTORY MUSEUM 540 BUNCOMBE ST GREENVILLE SC 29601 570833796 501C3 200000 OPERATING SUPPORT ARTISPHERE 16 AUGUSTA ST GREENVILLE SC 29601 582676608 501C3 10000 SPONSORSHIP EMPIRE MOCK TRIAL ASSOCIATION INC 515 ROUTE 33 MILLSTONE NJ 08535 260150254 501C3 6500 DONATION FALL FOR GREENVILLE INC PO BOX 2207 GREENVILLE SC 29602 570876594 501C3 6000 SPONSORSHIP GREENVILLE UNITARIAN UNIVERSALIST 1135 STATE PARK RD GREENVILLE SC 29609 576081496 501C3 19710 DONATION INTERNATIONAL CENTER OF THE UPSTATE 9 S MEMMINGER ST GREENVILLE SC 29601 571064857 501C3 11500 DONATION LIRA MOTORSPORTS OF FLORIDA 2090 SPRUCE CREEK CIRCLE W PORT ORANGE FL 32128 020709909 N/A 10000 SPONSORSHIP MEDIA VENTURES LLC 4 TANTALLON CT SIMPSONVILLE SC 29681 462802268 N/A 13000 DONATION MIRACLE HILL MINISTRIES PO BOX 2546 GREENVILLE SC 29602 570425826 501C3 39710 DONATION PROJECT HOST INC 525 S ACADEMY STREET GREENVILLE SC 29601 570728041 501C3 19710 DONATION RESOURCE MODELING ASSOCIATION 1700 EASTRIDGE CT NORTHFIELD MN 55057 830491028 501C3 15000 DONATION 10 4 UNDERGRAD SCHOLARSHIPS 2229 48553099 ATHLETIC SCHOLARSHIPS 322 12204830 GRADUATE SCHOLARSHIPS 9 34713 INTERNSHIPS 651 705147 RESEARCH STIPENDS 159 270605 GRADUATE STIPENDS 10 20900 OTHER STIPENDS 78 7884 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 389533 43789 33125 16954 483401 MARY LOU MERKT VP FINANCE & ADMIN 182628 43224 28511 15959 270322 JOHN BECKFORD VP ACADEMIC AFFAIRS 179968 1436 23307 17241 221952 MICHAEL D GATCHELL VP DEVELOPMENT 156290 15380 22075 21350 215095 CONNIE L CARSON VP STUDENT LIFE 159714 898 20214 7039 187865 MARK KELLY VP MARKETING & PR 156263 904 20357 16230 193754 GARY E CLARK VP OF ATHLETICS 145688 827 18606 14110 179231 BRUCE A FOWLER HEAD FOOTBALL COACH 210459 20000 26354 29153 15188 301154 KRISTOPHER N KAPOOR INVESTMENT OFFICER 138374 41222 37499 22618 17743 257456 NIKO MEDVED BASKETBALL COACH 179682 10000 10399 23409 14414 237904 DONALD L GORDON DIR. RILEY INSTITUTE 151619 11651 19835 7043 190148 FREDERICK M MILLER INFORMATION OFFICER 160035 2502 21081 23978 207596 RICHARD FRANCIS MEADE LACROSSE COACH 207746 26059 29253 1069 264127 LON B KNIGHT PROFESSOR 167329 25073 24233 17418 234053 KENNETH C ABERNETHY PROFESSOR 169523 13423 7669 16372 206987 JAMES L GUTH PROFESSOR 145456 24963 21630 16512 208561 WILLIAM JAMES PIERCE PROFESSOR 145052 24878 19721 7773 197424 SCHEDULE J, PAGE 1, PART I, LINE 1A TRAVEL FOR 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 AND MICHAEL GATCHELL 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 OUR 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 845000 47233539 305000 11050906 2008 true false true true B 1335000 21867529 277059 1000000 2012 true true true true C 68195261 42771830 410882 13673087 11326913 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 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 PART II, LINE 3, COLUMN D - PROCEEDS FOR ISSUE: 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 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 10/1/2016. NA N/A 20000 TUITION DISC MERIT SCHOLARSHIP NA N/A 25000 TUITION DISC MERIT SCHOLARSHIP NA N/A 45632 TUITION DISC DEPENDENT TUITION NA N/A 1500 TUITION DISC DEPENDENT TUITION NA N/A 95100 TUITION DISC DEPENDENT TUITION NA N/A 68448 TUITION DISC DEPENDENT TUITION COURTNEY TOLLISON SP OF TRUSTEE 41436 SALARY false WILLIAM MERKT SP OF OFFICER 12600 SALARY false ERICA MEDVED SP OF KEY EMPL. 23258 SALARY false JUAN JOHNSON CONSULTING LLC TRUSTEE 150000 CONSULTANT false SCHEDULE L, PART V SCH L, PART III THE UNIVERSITY HAS AN EMPLOYEE DEPENDENT TUITION REMISSION BENEFIT PLAN, WHICH IS AVAILABLE TO ALL EMPLOYEES AND ELIGIBLE DEPENDENTS. SCH L, PART IV JUAN JOHNSON CONSULTING AND FACILITATION, LLC - UNIVERSITY TRUSTEE JUAN JOHNSON IS AN OFFICER OF JUAN JOHNSON CONSULTING AND FACILITATION, LLC. THE COMPANY PROVIDES DIVERSITY LEADERSHIP TRAINING THROUGH THE RICHARD W. RILEY INSTITUTE OF GOVERNMENT, POLITICS AND PUBLIC LEADERSHIP AT FURMAN UNIVERSITY. 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 1 2 BOOK VALUE X 1 8000 APPRAISAL X 70 1231128 FMV X 1 100046 INDEPENDENT VALUE X 1 21181 COST X MISCELLANEOUS 2 1519 FMV X CHAMP. RINGS 1 6500 COST X LIFE INS PREM 1 3203 COST 1 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 - ORGANIZATION'S MISSION THE PRIMARY MISSION OF FURMAN AS A LIBERAL ARTS INSTITUTION IS TO PROVIDE A DISTINCTIVE UNDERGRADUATE EDUCATION ENCOMPASSING HUMANITIES, FINE ARTS, SOCIAL SCIENCES, MATHEMATICS AND THE NATURAL SCIENCES, AND SELECTED PROFESSIONAL DISCIPLINES. FURMAN ALSO OFFERS GRADUATE PROGRAMS IN EDUCATION AND CHEMISTRY, AND PROVIDES A CONTINUING EDUCATION PROGRAM FOR THE LARGER GREENVILLE SC COMMUNITY. 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 AND FORM 990 CAN BE FOUND ON THE FURMAN WEBSITE. FORM 990, PART XI, LINE 9 CHANGE IN SPLIT INTEREST AGREEMENT 256,258 CSV LIFE INSURANCE -1,862,680 INTEREST RATE EXCHANGE AGRMT. -217,619 MISC ADJ -233 TOTAL -1,824,274 FORM 990, PART XII FURMAN UNIVERSITY HAS AN AUDIT COMMITTEE COMPRISED OF 5 MEMBERS OF THE BOARD OF TRUSTEES. THE AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE CONSOLIDATED FINANCIAL STATEMENTS OF THE UNIVERSITY. ADDITIONALLY, THE AUDIT COMMITTEE IS RESPONSIBLE FOR THE ELECTION AND RETAINMENT OF THE INDEPENDENT AUDIT FIRM. THERE HAVE BEEN NO CHANGES IN THE OVERSIGHT PROCESS OR THE SELECTION PROCESS DURING THE TAX YEAR. FURMAN UNIVERSITY FOUNDATION 3300 POINSETT HWY GREENVILLE SC 29613 571061363 FOUNDATION SC 501C3 11B NA false HOLLINGSWORTH FUNDS INC 124 VERDAE BLVD STE 10 GREENVILLE SC 29607 571003814 CHARITABLE SC 501C3 11A NA false UPCOUNTRY HISTORY MUSEUM 540 BUNCOMBE ST GREENVILLE SC 29601 570833796 MUSEUM SC 501C3 7 NA false CHARITABLE REMAINDER UNITRUSTS (10) SPLIT INT SC NA TRUST false CHARITABLE REMAINDER ANNUITY TRUST SPLIT INT SC NA TRUST false false true true false false false false false false false false false false false false false false false true UPCOUNTRY HISTORY MUSEUM B 200000 OPERATING SUPPORT HOLLINGSWORTH FUNDS INC S 3139204 CASH RECEIVED FURMAN UNIVERSITY FOUNDATION C 95403 CASH RECEIVED SCHEDULE R THE UPCOUNTRY HISTORY MUSEUM IS A 501(C)(3) TAX EXEMPT ORGANIZATION. FURMAN UNIVERSITY PROVIDES OPERATING SUPPORT. 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, 2016, INCOME DISTRIBUTIONS FROM THE HOLLINGSWORTH FUNDS, WHICH ARE REPORTED AS INVESTMENT RETURNS, WERE 3,139,204, 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) ACCEPTS GIFTS OF REAL PROPERTY ON BEHALF OF FURMAN UNIVERSITY. THE FOUNDATION, AS LESSOR, HAS A GROUND LEASE WITH A SC NON-PROFIT CORPORATION. LEASE PAYMENTS OF 95,403 WERE GRANTED TO THE UNIVERSITY THIS YEAR.