2017-04-25T12:43:52-00:00 2016-06-30 The Wesley Peachtree Group CPAs 1475 Klondike Road Suite 100 Conyers GA 30094 990 2015-07-01 237434499 Paine College PAIN 7068218200 1235 Fifteenth Street Augusta GA 30901 Dr Samuel Sullivan President 2017-03-17 true Dane Alexander 4048740555 2017-03-17 2015 2021-01-29 14:40:06Z Dr Samuel Sullivan 1235 Fifteenth Street Augusta GA 30901 19390781 false X www.paine.edu X 1905 GA To provide a liberal arts education of the highest quality that emphasizes academic excellence, ethical and spiritual values, social responsibility, and personal development. 24 23 676 101 0 7730052 8928455 13588753 9730674 -3589 476 118486 731176 21433702 19390781 2691586 1833553 0 10713574 726556 0 178303 9378112 14552168 22783272 17112277 -1349570 2278504 34238168 36318667 18460607 17640160 15777561 18678507 To provide a liberal arts education of the highest quality that emphasizes academic excellence, ethical and spiritual values, social responsibility, and personal development to prepare men and women for positions of leadership and service in the African American community, the nation, and the world. false false 12738880 1833553 7864627 To sustain a learning community in which students can prepare academically, socially and spiritually for leadership in a complex, diverse and rapidly changing world. 1074302 1866047 Auxiliary enterprises support the Colleges mission of providing quality educational opportunities. These services include, but are not limited to food services, campus housing, postal services, parking, vending, campus stores and athletics. 13813182 true true false false false false false false false true true false false false true true true false true false false false false false false false false false true true false false false false false false false false false false false false false false false false false true 1834 0 676 true false false false false false false false false false false false false false X 24 23 false false false false false false false true true false false true true true true true true true true false GA X Dr Samuel Sullivan 7068218200 1235 Fifteenth Street Augusta GA 30901 Barbara E Bouknight Chair 001.00 001.00 X X 0 0 0 Sharyn Doanes-Bergin Trustee 001.00 001.00 X 0 0 0 Reverend James Cason Trustee 001.00 001.00 X 0 0 0 Dr Carmichael Crutchfield Secretary 001.00 001.00 X X 0 0 0 Lenalda R Corley Trustee 001.00 001.00 X 0 0 0 Terry Fleming Trustee 001.00 001.00 X 0 0 0 J R Henderson Trustee 001.00 001.00 X 0 0 0 Kenneth Carter Trustee 001.00 001.00 X 0 0 0 Dr Louise Rice Trustee 001.00 001.00 X 0 0 0 Charles G Larke Trustee 001.00 001.00 X 0 0 0 Eileen Littlejohn Trustee 001.00 001.00 X 0 0 0 Michael McCord Trustee 001.00 001.00 X 0 0 0 Reverend Jerry D Woodfork Sr Trustee 001.00 001.00 X 0 0 0 Attorney Robert L Bell Trustee 001.00 001.00 X 0 0 0 Bishop Marshall Gilmore Trustee 001.00 001.00 X 0 0 0 Ora McConner Jones Trustee 001.00 001.00 X 0 0 0 Annie Rogers Trustee 001.00 001.00 X 0 0 0 Fred Thompson Trustee 001.00 001.00 X 0 0 0 Michael Thurmond Chair-Elect 001.00 001.00 X X 0 0 0 Tyrone Davis Trustee 001.00 001.00 X 0 0 0 Deonte Moses Trustee 001.00 001.00 X 0 0 0 C James King Jr Trustee 001.00 001.00 X 0 0 0 Philip Thomas Trustee 001.00 001.00 X 0 0 0 Dr Samuel Sullivan President 040.00 001.00 X X 162500 0 0 Dr Cheryle Evans-Jones Vice President of Academic Affairs 040.00 001.00 X 130000 0 0 Debra Latimore Vice President of Administrative and Fiscal Affairs 040.00 001.00 X 143387 0 0 Luther Felder Campus Pastor 040.00 001.00 X 74169 0 0 Sunya Young Vice President of Institutional Advancement 040.00 001.00 X 41129 0 0 Dr Elias Entinge Vice President of Student Affairs 040.00 001.00 X 86538 0 0 Selina Kohn Athlectic Director 040.00 001.00 X 88833 0 0 726556 3 false true false ABL Enterprises P O Box 613128 Memphis TN 381033128 Food Services 1102501 BDO USA LLP P O Box 642743 Pittsburgh PA 152642743 Auditing and Accounting 269219 Gold Mech Services P O Box 1655 Augusta GA 30903 Maintenance and Installation Services 173354 Jenzabar 101 Huntington Avenue Suite 2200 Boston MA 02199 Information Technology 153241 4 4215972 4712483 8928455 Tuition and fees 611600 7864627 7864627 Sales and services of auxiliary enteprises 611710 1866047 1866047 9730674 476 476 Other income 900099 277417 277417 Endowment income appropriated for operations 900099 453759 453759 731176 19390781 10462326 0 1833553 1833553 0 0 726556 726556 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Instruction 3537336 3537336 Sponsored Programs/Academic Support 5134976 4875267 259709 Student Services 1851191 1851191 Institutional Support 2954363 641533 2134527 178303 1074302 1074302 17112277 13813182 3120792 178303 265593 187828 1307738 1195441 1334882 1171724 1075093 1473550 117234 204030 611763 40764430 21198279 21853151 19566151 7667493 11650045 530188 344931 34238168 36318667 4228010 2978832 134000 68000 13766466 14456166 332131 137162 18460607 17640160 X 6145557 12021751 4487325 1506289 5144679 5150467 15777561 18678507 34238168 36318667 X 2278504 1403584 -781142 X false true X true true true X 0.00000 0.00000 0.00000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false 8820120 343631 167465 3685901 453759 41089 5150467 9329221 13477 22597 442952 102223 8820120 8670115 42826 1170818 440380 114158 9329221 8577776 47943 613570 430057 139117 8670115 9140647 109291 -163012 433549 75601 8577776 1.00000 false false 1233275 1233275 28189214 14909398 13279816 10206187 5398097 4808090 520000 275030 244970 19566151 Financial derivatives and other financial products Closely-held equity interests Federal income taxes Funds held on behalf of others 32869 Advances from U.S. Government for student loans 104293 Capital lease obligation 137162 X 19390781 19390781 19390781 16489835 -1403584 781142 -622442 17112277 17112277 V 4 The Colleges endowment consists of individual funds established to provide scholarships to eligible students of the College. As required by U.S. GAAP, net assets associated with the endowment fund, including funds designated by the Board of Trustees to function as endowments, are classified and reported based on the existence or absence of donor-imposed restrictions. X 2 Accounting principles generally accepted in the United States of America requires the Colleges management to evaluate tax positions taken by the University and to recognize a tax liability or asset if the College has taken a uncertain tax position that will more-likely-than-not be sustained upon examination by taxing authorities. The College analyzed its tax positions for the year ended June 30, 2016 and determined that there were no uncertain tax positions that would have a material impact on the Colleges financial statements. true true true true true true false false false false false false false false true false true 6a The College offers scholarships and student financial aid to assist with meeting the students financial obligations. The Financial Aid Office has the necessary policies and procedures to ensure that the College adheres to and complies with federal regulations regarding eligibility for student financial aid. Requirements for receiving scholarships depend on other factors, such as grade point average, family income, or athletic talents. true Privately Funded Student Scholarships 337 1833553 Part III Line 1 All scholarships are awarded based upon specific criteria maintained by the financial aid office. Requirements for receiving scholarships depend upon other factors, such as grade point average, family income or economic need. The Colleges financial aid staff monitors the eligibility guidelines to ensure compliance. The College also undergoes the required Uniform Guidance audit annually. X X X false false false false false false false false false Dr Samuel Sullivan President 162500 162500 Form 990, Part VI, Section B, Line 11b After preparation of the Form 990, a draft is provided to the Vice President for Administrative and Fiscal Affairs for review and approval to be finalized. The final Form 990 is made available to the Audit Commitee of the Board of Trustees for review. Upon completion of the Audit Committees review, the Form 990 is made available to all Board members either by paper copy or electronically via secured access on the website. Form 990, Part VI, Section B, Line 12c Trustees are required to disclose at the next covening Board of Trustees meeting any conflict of interest. Board members with a conflict of interest on a matter for vote must abstain from voting. The Colleges audit committee is responsible for ensuring adherence to the policy. Form 990, Part VI, Section B, Line 15 The salaries of the President and officers are determined by comparing compensation to peer institutions and receiving recommendations from a search committee. Form 990, Part VI, Section C, Line 19 The governing documents, conflict of interest policy and financial statements are available to the public upon request. Form 990, Part XI, Line 9 This amount represents an endowment loss in excess of amounts appropriated for operations.