2017-02-06T12:03:07-06:00 2016-06-30 363990892 CAPIN CROUSE LLP 972 EMERSON PARKWAY STE A GREENWOOD IN 46143 990 2015-07-01 570352247 COLUMBIA INTERNATIONAL UNIVERSITY COLU 8007772227 7435 MONTICELLO RD COLUMBIA SC 29203 KEITH STOKELD CHIEF FINANCIAL OFFICER 8038075013 2017-02-06 1 DAVID C MOJA P00747006 3178852620 2015 2021-01-29 14:40:06Z CIU BEN LIPPEN SCHOOL KEITH STOKELD 7435 MONTICELLO RD COLUMBIA SC 29203 36338118 0 X HTTP://WWW.CIU.EDU/ X 1927 SC CIU EDUCATES PEOPLE FROM A BIBLICAL WORLDVIEW TO IMPACT THE NATIONS WITH THE MESSAGE OF CHRIST. 18 18 817 620 0 0 8403880 5792266 27396903 28152810 8339833 832796 192112 248204 44332728 35026076 4475347 4450163 0 0 18171576 17849304 0 0 735781 12819302 12686877 35466225 34986344 8866503 39732 86255729 84730933 19124405 18636944 67131324 66093989 COLUMBIA INTERNATIONAL UNIVERSITY EDUCATES PEOPLE FROM A BIBLICAL WORLDVIEW TO IMPACT THE NATIONS WITH THE MESSAGE OF CHRIST 0 0 14919334 4450163 16069016 COLUMBIA INTERNATIONAL UNIVERSITY EDUCATES PEOPLE FROM A BIBLICAL WORLDVIEW TO IMPACT THE NATIONS WITH THE MESSAGE OF CHRIST. IN THE 2015-16 SCHOOL YEAR THE UNIVERSITY SERVED 610 UNDERGRADUATE STUDENTS, AND 658 STUDENTS IN OUR GRADUATE SCHOOL AND SEMINARY. THE TOTAL NUMBER OF STUDENTS WHO GRADUATED IN 2015-16 WAS 320, WHICH INCLUDES 151 UNDERGRADUATE STUDENTS PLUS 169 GRADUATE AND SEMINARY STUDENTS. 9670354 10716507 BEN LIPPEN SCHOOL SEEKS TO GLORIFY GOD BY ASSISTING FAMILIES AND CHURCHES IN EQUIPPING STUDENTS SPIRITUALLY, ACADEMICALLY AND SOCIALLY UNDER THE LORDSHIP OF JESUS CHRIST. DURING THE 2015-16 ACADEMIC YEAR, BEN LIPPEN SERVED 738 STUDENTS IN GRADES K-12, OF WHICH 78 WERE MEMBERS OF THE CLASS OF 2016. THESE STUDENTS, WHICH REPRESENT 510 FAMILIES, WERE SERVED BY 108 FULL- AND PART-TIME FACULTY AND STAFF. 2579571 3982941 AUXILIARY SERVICESTHE UNIVERSITY OPERATES SIX RESIDENCE HALLS AND A CAFETERIA, AND PROVIDED ON-CAMPUS HOUSING AND FOOD SERVICES TO 387 STUDENTS DURING THE 2015-2016 SCHOOL YEAR. ALSO, PINE VIEW APARTMENTS IS A 136-UNIT HOUSING COMMUNITY LOCATED ON THE WOODED HILLSIDES ADJACENT TO THE CORE CAMPUS. DURING THE 2015-2016 SCHOOL YEAR, IT SERVED AS HOME TO 310 CIU STUDENTS, STAFF MEMBERS, AND THEIR FAMILY MEMBERS. 27169259 1 1 0 0 0 1 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 1 1 1 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 1 68 0 817 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X X KEITH STOKELD CHIEF FINANCIAL OFFICER 8038075013 7435 MONTICELLO ROAD COLUMBIA SC 29203 DAVID BEASLEY TRUSTEE 1.00 X 0 0 0 W TOBIN CASSELS TRUSTEE - TREASURER 1.00 X X 0 0 0 LYN COOK SECRETARY 1.00 X X 0 0 0 MARION DAVIS TRUSTEE 1.00 X 0 0 0 ADRIAN DESPRES JR TRUSTEE 1.00 X 0 0 0 HANS FINZEL TRUSTEE 1.00 X 0 0 0 JENNIFER GUTWEIN TRUSTEE 1.00 X 0 0 0 D GARY HARLOW TRUSTEE 1.00 X 0 0 0 ROSS LINDSAY TRUSTEE 1.00 X 0 0 0 DAVID MORELAND TRUSTEE 1.00 X 0 0 0 J RONALD MULLINS VICE-CHAIR OF THE BOARD 1.00 X X 0 0 0 JERRY RANKIN TRUSTEE (PART YEAR) 1.00 X 0 0 0 DOUGLAS RUTT CHAIR OF THE BOARD 1.00 X X 0 0 0 MARQUIS RYAN TRUSTEE 1.00 X 0 0 0 WILL SCHAFER TRUSTEE 1.00 X 0 0 0 JAMES DIXON JR TRUSTEE 1.00 X 0 0 0 CHIKONG SHUE TRUSTEE 1.00 X 0 0 0 MARSHALL WHITE TRUSTEE 1.00 X 0 0 0 KEITH STOKELD CHIEF FINANCIAL OFFICER 50.00 X 74890 0 13007 WILLIAM JONES PRESIDENT 60.00 X 118874 0 61918 D KEITH MARION VICE PRESIDENT FOR ESTATE 50.00 X 123941 0 16010 317705 0 90935 2 0 1 0 PIONEER COLLEGE CATERERS 303 GLENROSE AVE NASHVILLE TN 37210 CATERING SERVICES 1649833 WO BLACKSTONE CONSTRUCTION 425 HUGER STREET COLUMBIA SC 29202 CONSTRUCTION 206267 CAPITAL EDUCATION LLC 200 SOUTH WACKER DRIVE SUITE 1600 CHICAGO IL 60606 ONLINE LEARNING SERVICE 149612 BURRIS ELECTIRCALINC 1251 N LAKE DRIVE LEXINGTON SC 29072 CONSTRUCTION 125000 RED TRUCK MEDIA 6401 CAMEL ROAD SUITE 108 CHARLOTTE NC 28226 BILLBOARD RENTAL 100586 5 36383 99435 5656448 463220 5792266 TUITION AND FEES 611310 13453362 13453362 BEN LIPPEN SCHOOL 611310 10716507 10716507 AUXILIARY SERVICES 611310 3982941 3982941 28152810 1035464 1035464 67478 25345 42133 42133 42133 1032655 35632 1259250 11705 -226595 23927 -202668 -202668 6679 36383 15742 -9063 -9063 REBATE INCOME 900099 49625 49625 YEAR BOOK INCOME 900099 39625 39625 ATHLETIC CAMPS, TOURNAMENTS 900099 36762 36762 89122 6999 82123 215134 35026076 28236196 0 997614 47895 47895 4402268 4402268 487707 182254 254883 50570 12543195 10196631 2006856 339708 515508 407563 89932 18013 3440890 2172496 1202313 66081 862004 680596 156532 24876 3216 1084 2132 59466 59466 184641 184641 755014 398449 318090 38475 772381 681487 73957 16937 184583 21650 162387 546 1648936 1382928 240377 25631 830159 749504 65489 15166 88299 44617 43291 391 749901 749901 2197466 1706239 440997 50230 297330 217341 71332 8657 EXTERNAL SERVICES 2987027 2613632 330587 42808 REPAIRS AND MAINTENANCE 754526 424043 318801 11682 FINANCIAL AID 653395 643645 9750 OTHER EXPENSES 357470 174194 167099 16177 163067 20743 142241 83 34986344 27169259 7081304 735781 2021919 2656460 6137654 3694594 424081 343988 20483 14712 67799 54887 58081390 22303215 36534420 35778175 30958434 32254580 5224193 6270006 4866746 3663531 86255729 84730933 717588 675889 1333269 1450982 13166382 12748129 3907166 3761944 19124405 18636944 X 34923699 35228740 27616645 26259748 4590980 4605501 67131324 66093989 86255729 84730933 X 39732 -1014191 -62876 X 0 1 X 1 1 1 X 9077479 19192808 4686563 8403880 5792266 47152996 9077479 19192808 4686563 8403880 5792266 47152996 47152996 968703 753639 774145 8339833 832796 11669116 760323 502793 42250 192112 248204 1745682 60567794 142953314 0.77850 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2011 AMOUNT: $ 760,323. 2012 AMOUNT: $ 502,793. 2013 AMOUNT: $ 42,250. 2014 AMOUNT: $ 192,112. 2015 AMOUNT: $ 248,204. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2 79027 46930 148893 1 1 28967062 2686428 238786 739038 30675666 15149725 13822979 657537 663179 28967062 13591501 430378 1548727 420381 15149725 12519908 428706 882752 236865 13591501 12256418 450821 181778 372109 12516908 0.85000 0.15000 0 0 4094058 4094058 42414969 16540119 25874850 3035739 1926719 1109020 8536624 3836377 4700247 35778175 CASH AND CASH EQUIVALENTS 532529 C STOCKS 24064 C MUTUAL FUNDS 5377499 C FIXED INCOME SECURITIES 1515 C ALTERNATIVE INVESTMENT REAL-ESTATE 50543 C ALTERNATIVE INVESTMENT LIMITED PARTNERSHIP 282705 C ALTERNATIVE INVESTMENT OTHER HELD AT GIFT BASIS 1151 C 6270006 TRUST LIABILITIES 1546390 DEPOSITS HELD IN CUSTODY 1090423 ANNUITIES PAYABLE 1125131 3761944 X 28708704 -1014191 -62934 -1077125 29785829 184583 5055664 5240247 35026076 29746039 0 29746039 184583 5055722 5240305 34986344 PART V, LINE 4: COLUMBIA INTERNATIONAL UNIVERSITY INTENDS TO USE THE ENDOWMENT FUNDS FOR STUDENT FINANCIAL AID. PART X, LINE 2: THE UNIVERSITY HAS ADOPTED THE NEW PROVISIONS OF THE "INCOME TAX" TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC). THESE PROVISIONS CLARIFY THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBE GUIDANCE RELATED TO THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPTECTED TO BE TAKEN IN A TAX RETURN. THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION IS ONLY RECOGNIZED IN THE STATEMENT OF FINANCIAL POSITION IF THE TAX POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED UPON AN EXAMINATION, BASED ON THE TECHNICAL MERITS OF THE POSITION. INTEREST AND PENALTIES, IF ANY, ARE INCLUDED IN EXPENSES IN THE STATEMENT OF ACTIVITIES. AS OF JUNE 30, 2015 AND 2016, THE UNIVERSITY HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE COMBINED FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF TRUST ASSETS/ANNUITIES -104,021. FUND RAISING EXPENSES 15,742. RENT EXPENSES 25,345. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNTS NETTED AGAINST REVENUE 5,055,664. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNTS NETTED AGAINST REVENUE 5,055,664. MISC. 58. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 AVAILABLE TO THE PUBLIC AND INCLUDED IN WEBSITE AND STUDENT APPLICATION. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVED $73,398 FROM THE FEDERAL COLLEGE WORK STUDY PROGRAM. CENTRAL AMERICA AND THE CARIBBEAN PROGRAM SERVICES STUDY TOURS 71120 MIDDLE EAST AND NORTH AFRICA PROGRAM SERVICES STUDY TOURS 64985 EAST ASIA AND PACIFIC PROGRAM SERVICES RECRUITING 238951 EUROPE (INCLUDING ICELAND & GREENLAND) PROGRAM SERVICES STUDY TOUR 44565 NORTH AMERICA PROGRAM SERVICES STUDY TOUR 13020 0 0 0 0 0 0 432641 0 432641 0 0 0 0 0 0 PART I, LINE 3: CIU USES THE ACCRUAL METHOD OF ACCOUNTING. ALL AMOUNTS REPRESENT EXPENDITURES; NO INVESTMENTS WERE MADE CEDAR CREEK SKEET SHOOT 43062 36383 6679 5548 5169 307 4718 43062 36383 6679 5548 5169 307 4718 15742 -9063 1 CHILD ENVANGELISM FELLOWSHIP 500 ST ANDREWS ROAD COLUMBIA SC 29203 570567186 501 (C) (3) 32000 GENERAL SUPPORT STUDENT SCHOLARSHIP 761 4402268 PART I, LINE 2: SCHOLARSHIPS AND TUITION DISCOUNTS ARE AWARDED BASED ON DEMONSTRATED FINANCIAL NEED AND MISSION COMPATIBILITY OF THE STUDENT. X 1 1 X X X 0 0 0 0 0 0 0 0 0 WILLIAM JONES PRESIDENT 118874 0 0 0 0 0 4680 0 57238 0 180792 0 0 0 PART I, LINE 1A IT IS THE PRACTICE OF CIU TO PROVIDE THE PRESIDENT WITH A MINISTERS HOUSING ALLOWANCE AS PART OF HIS COMPENSATION PACKAGE. MERIT-BASED AID 4 15350 X 15 463220 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY OUR OUTSIDE CPA FIRM. THE COMPLETED FORM 990 IS SENT TO THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES. VERBAL APPROVAL OF EACH COMMITTEE MEMBER IS OBTAINED BEFORE FILING THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C BOARD OF TRUSTEES: EACH MEMBER OF THE BOARD OF TRUSTEES MUST ANNUALLY READ AND SIGN THE CONFLICT OF INTEREST AND RELATED-PARTY TRANSACTION POLICY AND DISCLOSURE FORM (BOARD CONFLICT POLICY). THE BOARD CONFLICT POLICY GIVES EXAMPLES OF CONLICTS OF INTEREST. WHEN A CONFLICT EXISTS, THE BOARD CONFLICT POLICY DELINEATES A DISCLOSURE PROCEDURE THAT REQUIRES THE BOARD MEMBER TO REPORT THE CONFLICT TO THE PRESIDENT WHO REFERS THE INFORMATION TO THE NOMINATING AND BOARD REVIEW COMMITTEE FOR INVESTIGATION AND FOR A RECOMMENDATION TO THE FULL BOARD OF TRUSTEES. EMPLOYEES: OUR CONLICT OF INTEREST POLICY IS STATED IN OUR EMPLOYEE HANDBOOK. ALL REGULAR FULL-TIME AND PART-TIME EMPLOYEES (WHICH INCLUDES THE PRESIDENT AND KEY EMPLOYEES) MUST READ THE EMPLOYEE HANDBOOK THEIR FIRST WEEK ON THE JOB AND ANNUALLY THEREAFTER, AND THEY MUST SIGN A STATEMENT THAT THEY HAVE READ IT AND ARE IN COMPLIANCE WITH ITS POLICIES, WHICH INCLUDES THE CONFLICT OF INTEREST POLICY. THE POLICY GIVES EXAMPLES OF CONFLICTS OF INTEREST. WHEN A CONFLICT EXISTS, THE POLICY INSTRUCTS EMPLOYEES TO DISCLOSE THE CONFLICT TO THEIR SUPERVISOR. SUPERVISORS ARE INSTRUCTED IN THE SUPERVISORS' POLICY MANUAL TO CONFER WITH THEIR SUPERVISOR AND THE HUMAN RESOURCES DIRECTOR WHO TOGETHER WILL DETERMINE IF A CONFLICT EXISTS, TO WHAT EXTENT, AND THE APPROPRIATE COURSE OF ACTION. IF THE PROBLEM CANNOT BE RESOLVED AT THAT LEVEL, THE MATTER WILL BE PRESENTED TO THE PRESIDENT FOR DETERMINATION. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD FINANCE COMMITTEE, ON BEHALF OF THE ENTIRE BOARD, FOLLOWS THE PROCEDURES REFERRED TO IN I.R.C. 4958 TO ESTABLISH A "REBUTTABLE PRESUMPTION OF REASONABLENESS" WITH RESPECT TO THE PRESIDENTS COMPENSATION. THE COMMITTEE REVIEWS COMPARABLE COMPENSATION DATA FROM INDUSTRY SURVEYS (E.G., ABACC, ABHE ATS AND CUPA) TO EVALUATE THE REASONABLENESS OF THE COMPENSATION AMOUNT. THE RESULTS OF THIS ENTIRE PROCESS ARE RECORDED IN THE BOARD MINUTES. ALL ADJUSTMENTS TO THE PRESIDENT'S COMPENSATION ARE APPROVED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 FORM 990 IS AVAILABLE AT THE WWW.CIU.EDU AND WWW.GUIDESTAR.ORG WEBSITES, AND UPON REQUEST. FORM 1023 IS AVAILABLE UPON REQUEST. COLUMBIA INTERNATIONAL UNIVERSITY'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN THE VALUE OF TRUST ASSETS/ANNUITIES -104,021. FUND RAISING EXPENSES 15,742. RENT EXPENSE 25,345. MISC. 58. CHARITABLE REMAINDER UNITRUST (13) CHARITABLE REMAINDER TRUST SC COLUMBIA INTERNATIONAL UNIVERSITY T 0 ONE LIFE PLUS TERM UNITRUST(1) ONE LIFE PLUS TERM UNITRUST SC COLUMBIA INTERNATIONAL UNIVERSITY T 0 TERM OF YEARS ANNUITY TRUST (1) TERM OF YEARS ANNUITY TRUST SC COLUMBIA INTERNATIONAL UNIVERSITY T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0