VOORHEES UNIVERSITY: Form 990, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
VOORHEES UNIVERSITY (EIN 57-0329786)
Tax period
2013-07-01 to 2014-06-30
Filed
2015-11-05
IRS object ID
201503099349300930
Schema version
2013v4.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2015-11-05T01:47:34-00:00ReturnTs
Tax Period End2014-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1George A Spencer CPA PABusinessNameLine1

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13450 Dunn Ave Suite 305AddressLine1
CityJacksonvilleCity
StateFLState
ZIP Code32218ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2013-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN570329786EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Voorhees CollegeBusinessNameLine1
FieldValueIRS element (for citing)
Business Name ControlVOORBusinessNameControlTxt
Phone8037037120PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1103 Academic CircleAddressLine1
CityDenmarkCity
StateSCState
ZIP Code29042ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDiane O'BerryPersonNm
Person TitleVP Fiscal AffairsPersonTitleTxt
Signature2015-11-05SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonGeorge SpencerPreparerPersonNm
Phone9047657918PhoneNum
Preparation2015-11-05PreparationDt
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2013TaxYr
Build TS2016-03-07 17:11:31ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerDr Cleveland SellersPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1103 Academic CircleAddressLine1
CityDenmarkCity
StateSCState
ZIP Code29042ZIPCode
FieldValueIRS element (for citing)
Gross Receipts$18,990,070GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.voorhees.eduWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Legal Domicile StateFLLegalDomicileStateCd
Activity Or MissionTo operate a teaching facility and provide higher education opportunities to interested and eligible individuals.ActivityOrMissionDesc
Voting Members Governing Body20VotingMembersGoverningBodyCnt
Voting Members Independent20VotingMembersIndependentCnt
Total Employee169TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$7,278,215PYContributionsGrantsAmt
CY Contributions Grants$6,412,462CYContributionsGrantsAmt
PY Program Service Revenue$10,080,212PYProgramServiceRevenueAmt
CY Program Service Revenue$8,383,059CYProgramServiceRevenueAmt
PY Investment Income$543,284PYInvestmentIncomeAmt
CY Investment Income$805,690CYInvestmentIncomeAmt
PY Other Revenue$628,133PYOtherRevenueAmt
CY Other Revenue$573,604CYOtherRevenueAmt
PY Total Revenue$18,529,844PYTotalRevenueAmt
CY Total Revenue$16,174,815CYTotalRevenueAmt
PY Grants And Similar Paid$1,844,855PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$1,588,446CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$8,045,386PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$6,998,166CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$139,037CYTotalFundraisingExpenseAmt
PY Other Expenses$8,648,883PYOtherExpensesAmt
CY Other Expenses$9,598,825CYOtherExpensesAmt
PY Total Expenses$18,539,124PYTotalExpensesAmt
CY Total Expenses$18,185,437CYTotalExpensesAmt
PY Revenues Less Expenses-$9,280PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$2,010,622CYRevenuesLessExpensesAmt
Total Assets BOY$28,118,202TotalAssetsBOYAmt
Total Assets EOY$26,058,290TotalAssetsEOYAmt
Total Liabilities BOY$16,943,759TotalLiabilitiesBOYAmt
Total Liabilities EOY$16,856,719TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$11,174,443NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$9,201,571NetAssetsOrFundBalancesEOYAmt
MissionTo operate a teaching facility and provide higher education opportunities to interested and eligible individuals.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$3,799,434ExpenseAmt
DescInstructional - Expenses for academic instructional departments of teh College.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$2,111,233ExpenseAmt
DescStudent Services - Enrollment services, College registrar, health and counseling, sport and recreation.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$2,448,325ExpenseAmt
DescAuxillary Enterprises - The Coleges dormitories, dining services, and campus store are the major auxilary enterprises serving the College community.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$8,358,992TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Temp Or Permanent EndowmentsYes (true)TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (true)ConsolidatedAuditFinclStmtInd
School OperatingYes (true)SchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsYes (true)TaxExemptBondsInd
Invest Tax Exempt BondsfalseInvestTaxExemptBondsInd
Escrow AccountfalseEscrowAccountInd
On Behalf Of IssuerfalseOnBehalfOfIssuerInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingYes (true)LoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With Officer EntfalseBusinessRlnWithOfficerEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document80IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee169EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members20GoverningBodyVotingMembersCnt
Independent Voting Member20IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyfalseForm990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyfalseConflictOfInterestPolicyInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonDiane O'BerryPersonNm
Phone8037801149PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1103 Academic circleAddressLine1
CityDenmarkCity
StateSCState
ZIP Code29042ZIPCode

Form990 Part VII Section A Form990PartVIISectionAGrp (25 entries)

TitleTitleTxtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtAverage Hours Per WeekAverageHoursPerWeekRtOfficerOfficerIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
Robert Satcher
TrusteeYes (X)$0$0$0
Brooks Moore
TrusteeYes (X)$0$0$0
Delores Goodwin
TrusteeYes (X)$0$0$0
Andrew Waldo
TrusteeYes (X)$0$0$0
J Milton Pope
TrusteeYes (X)$0$0$0
Alfonso Lamback
TrusteeYes (X)$0$0$0
Virginia L Crocker
TrusteeYes (X)$0$0$0
Dr Donald L Fowler
TrusteeYes (X)$0$0$0
Dane H Murray
TrusteeYes (X)$0$0$0
Mary Ellen Moule
TrusteeYes (X)$0$0$0
John L Scott Jr
TrusteeYes (X)$0$0$0
Mary Hepburn
TrusteeYes (X)$0$0$0
Veronica Gromada
TrusteeYes (X)$0$0$0
Jane Voorhees-Blitz
TrusteeYes (X)$0$0$0
James Gardner
TrusteeYes (X)$0$0$0
Carol Pillinger
TrusteeYes (X)$0$0$0
Dr Orlando H White
TrusteeYes (X)$0$0$0
St Claire P Guess III
TrusteeYes (X)$0$0$0
Patricia Golson
TrusteeYes (X)$0$0$0
Michael A Smith
TrusteeYes (X)$0$0$0
Dr Cleveland Sellers
President$170,000$0$0040.00Yes (X)Yes (X)
Dr Leroy David
Dir Rural Health$55,885$0$0040.00Yes (X)
Samuel Blackwell
VP/Planning Info$75,000$0$0040.00Yes (X)
Lugenia Rochelle
VP Academic Affairs$61,000$0$0040.00Yes (X)
Willie Jefferson
Ath Dir/Enrollment$70,000$0$0040.00Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$431,885TotalReportableCompFromOrgAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (3 entries)

Address Line1ContractorAddress/USAddress/AddressLine1CityContractorAddress/USAddress/CityStateContractorAddress/USAddress/StateZIP CodeContractorAddress/USAddress/ZIPCodeServicesServicesDescCompensationCompensationAmt
ABL Management
PO Box 40486Baton RougeLA70835Food Service$878,722
Johnson Controls
PO Box 905240CharlotteNC28290HVAC Service$163,653
Allied Barton Security Services
8th Tower 161 Washington Street SuiConshohockenPA19428Security Consulting$226,797
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K3CntrctRcvdGreaterThan100KCnt
Government Grants$5,376,095GovernmentGrantsAmt
All Other Contributions$1,036,367AllOtherContributionsAmt
Total Contributions$6,412,462TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
Tuition and Fees$5,646,538$5,646,538
Auxillary enterprises$2,736,521$2,736,521
FieldValueIRS element (for citing)
Total Program Service Revenue$8,383,059TotalProgramServiceRevenueAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$3,620,945SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$2,815,255SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$805,690SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$805,690TotalRevenueColumnAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDescTotal Revenue ColumnTotalRevenueColumnAmt
Miscellaneous$154,931
Bookstore$22,319
Homecoming$27,219

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$369,135TotalRevenueColumnAmt
FieldValueIRS element (for citing)
Other Revenue Total$573,604OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$16,174,815TotalRevenueColumnAmt
Related Or Exempt Func Income$8,383,059RelatedOrExemptFuncIncomeAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$145,962TotalAmt
Program Services$145,962ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$1,442,484TotalAmt
Program Services$1,442,484ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$5,699,075TotalAmt
Program Services$3,461,244ProgramServicesAmt
Management And General$2,163,154ManagementAndGeneralAmt
Fundraising$74,677FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$41,001TotalAmt
Program Services$27,375ProgramServicesAmt
Management And General$13,045ManagementAndGeneralAmt
Fundraising$581FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$1,258,090TotalAmt
Program Services$865,252ProgramServicesAmt
Management And General$373,361ManagementAndGeneralAmt
Fundraising$19,477FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$23,775TotalAmt
Management And General$23,775ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$68,925TotalAmt
Management And General$68,925ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Fees For Services Prof FundraisingFeesForServicesProfFundraising

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$810TotalAmt
Program Services$810ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Royalties RoyaltiesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$1,197,562TotalAmt
Program Services$973,502ProgramServicesAmt
Management And General$224,060ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$376,206TotalAmt
Program Services$276,917ProgramServicesAmt
Management And General$98,438ManagementAndGeneralAmt
Fundraising$851FundraisingAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$9,941TotalAmt
Program Services$5,851ProgramServicesAmt
Management And General$4,090ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$815,007TotalAmt
Program Services$600,660ProgramServicesAmt
Management And General$214,347ManagementAndGeneralAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$1,614,074TotalAmt
Program Services$851,738ProgramServicesAmt
Management And General$762,336ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$323,801TotalAmt
Management And General$323,801ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
Consultants and Contractual$1,934,930$1,306,678$628,252
Bond Premium$929,175$929,175
Supplies$323,560$228,559$95,001
Bad debts$278,934$278,934

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$1,702,125TotalAmt
Program Services$1,658,674ProgramServicesAmt
Fundraising$43,451FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$18,185,437TotalAmt
Program Services$11,845,706ProgramServicesAmt
Management And General$6,200,694ManagementAndGeneralAmt
Fundraising$139,037FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$243,462BOYAmt
EOY$96,231EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$640,485BOYAmt
EOY$357,494EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$156,793BOYAmt
EOY$215,513EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$360,033BOYAmt
EOY$176,672EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$168,120BOYAmt
EOY$167,768EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$86,087BOYAmt
EOY$64,151EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$42,663,951LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$25,321,330LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$18,381,672BOYAmt
EOY$17,342,621EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$5,443,678BOYAmt
EOY$6,254,128EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$2,179,804BOYAmt
EOY$992,734EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$458,068BOYAmt
EOY$390,978EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$28,118,202BOYAmt
EOY$26,058,290EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$1,128,057BOYAmt
EOY$1,009,603EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$14,545,000BOYAmt
EOY$15,042,888EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

FieldValueIRS element (for citing)
EOY$200,000EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,270,702BOYAmt
EOY$604,228EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$16,943,759BOYAmt
EOY$16,856,719EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$3,902,955BOYAmt
EOY$1,286,022EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$6,535,058BOYAmt
EOY$7,162,764EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$736,430BOYAmt
EOY$752,785EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$11,174,443BOYAmt
EOY$9,201,571EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$28,118,202BOYAmt
EOY$26,058,290EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$2,010,622ReconcilationRevenueExpnssAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewYes (true)AccountantCompileOrReviewInd

Acct Compile Or Review Basis AcctCompileOrReviewBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredYes (true)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (true)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd
Public Support CY1700.00000PublicSupportCY170Pct
Public Support CY5090.00000PublicSupportCY509Pct
Investment Income CY0.00000InvestmentIncomeCYPct

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Incl Escrow Custodial Acct LiabfalseInclEscrowCustodialAcctLiabInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$4,178,446BeginningYearBalanceAmt
Contributions$16,405ContributionsAmt
Investment Earnings Or Losses$591,496InvestmentEarningsOrLossesAmt
Administrative Expenses$11,682AdministrativeExpensesAmt
End Year Balance$4,774,665EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$3,637,577BeginningYearBalanceAmt
Contributions$13,880ContributionsAmt
Investment Earnings Or Losses$528,848InvestmentEarningsOrLossesAmt
Administrative Expenses$1,859AdministrativeExpensesAmt
End Year Balance$4,178,446EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$3,816,382BeginningYearBalanceAmt
Contributions$30,697ContributionsAmt
Investment Earnings Or Losses-$207,606InvestmentEarningsOrLossesAmt
Administrative Expenses$1,896AdministrativeExpensesAmt
End Year Balance$3,637,577EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$3,160,090BeginningYearBalanceAmt
Contributions$30,700ContributionsAmt
Investment Earnings Or Losses$627,650InvestmentEarningsOrLossesAmt
Administrative Expenses$2,058AdministrativeExpensesAmt
End Year Balance$3,816,382EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,853,374BeginningYearBalanceAmt
Contributions$2,200ContributionsAmt
Investment Earnings Or Losses$308,055InvestmentEarningsOrLossesAmt
Administrative Expenses$3,539AdministrativeExpensesAmt
End Year Balance$3,160,090EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.17000BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.17000PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.67000TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgfalseEndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgfalseEndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$108,138OtherCostOrOtherBasisAmt
Book Value$108,138BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$32,054,547OtherCostOrOtherBasisAmt
Depreciation$15,731,190DepreciationAmt
Book Value$16,439,988BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$8,475,797OtherCostOrOtherBasisAmt
Depreciation$7,681,302DepreciationAmt
Book Value$794,495BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$2,025,469OtherCostOrOtherBasisAmt
Depreciation$2,025,469DepreciationAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$17,342,621TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (2 entries)

DescDesc
Financial derivatives and other financial products
Closely-held equity interests

Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)

DescDescAmtAmt
Federal income taxes
Pension Liability$493,131
Premium On Bond Payable
U.S. Governement Loan Funds - Refundable$111,097
FieldValueIRS element (for citing)
Total Liability$604,228TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt$14,732,331TotalRevEtcAuditedFinclStmtAmt
Revenue Subtotal$14,732,331RevenueSubtotalAmt
Other Revenues Not Included$1,442,484OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$1,442,484RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$16,174,815TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$16,742,953TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal$16,742,953ExpensesSubtotalAmt
Other Expenses Not Included$1,442,484OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$1,442,484ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$18,185,437TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceXI 4bFormAndLineReferenceDesc
ExplanationScholarships and other student financial aid deducted from tuition and fees on the audit report.ExplanationTxt

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (true)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (true)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (true)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (true)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (true)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (true)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (true)MaintainCpyOfAllSolInd
Discriminate Race Stdnts RghtsfalseDiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss PlcyfalseDiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm FcultyfalseDiscriminateRaceEmplmFcultyInd
Discriminate Race SchsfalseDiscriminateRaceSchsInd
Discriminate Race Educ PlcyfalseDiscriminateRaceEducPlcyInd
Discriminate Race Use Of FcltsfalseDiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt ProgfalseDiscriminateRaceAthltProgInd
Discriminate Race Other ActyfalseDiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (true)GovernmentFinancialAidRcvdInd
Government Financial Aid RvkdfalseGovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (true)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line Reference6aFormAndLineReferenceDesc
ExplanationFinancial aid is received from the government to supplement students tuition costs.ExplanationTxt

Schedule I IRS990ScheduleI

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Housing Allowance Or ResidenceYes (X)HousingAllowanceOrResidenceInd
Written Policy Ref T And E ExpnssYes (true)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (true)SubstantiationRequiredInd
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsfalseAnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonDr Cleveland SellersPersonNm
TitlePresidentTitleTxt
Base Compensation Filing Org$170,000BaseCompensationFilingOrgAmt
Deferred Compensation Flng Org$6,750DeferredCompensationFlngOrgAmt
Nontaxable Benefits Filing Org$17,363NontaxableBenefitsFilingOrgAmt
Total Compensation Filing Org$194,113TotalCompensationFilingOrgAmt

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (2 entries)

Bond ReferenceBondReferenceCdBond Issuer EINBondIssuerEINCUSIPCUSIPNumBond IssuedBondIssuedDtIssue PriceIssuePriceAmtPurposePurposeDescDefeasedDefeasedIndOn Behalf Of IssuerOnBehalfOfIssuerIndPool FinancingPoolFinancingInd
Bamberg County North Carolina
A576000305059363AA92007-08-01$15,132,000Refinance and renovationsYes (true)falsefalse
Rice Capital Access Program LLC
B2014-06-01$15,042,888Refinance and new buildingfalsefalsefalse

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (2 entries)

Bond ReferenceBondReferenceCdRetiredRetiredAmtTotal ProceedsTotalProceedsAmtIn Reserve FundInReserveFundAmtIssuance Costs From ProceedsIssuanceCostsFromProceedsAmtCapital ExpendituresCapitalExpendituresAmtSubstantial CompletionSubstantialCompletionYrCurrent RefundingCurrentRefundingIndAdvance RefundingAdvanceRefundingIndFinal Allocation MadeFinalAllocationMadeIndAdequate Books And Rec MaintAdequateBooksAndRecMaintIndOther Spent ProceedsOtherSpentProceedsAmt
A$200,000$15,132,000$1,211,858$302,640$8,861,4742009Yes (true)falseYes (true)Yes (true)
B$15,132,000$15,042,931$752,145$370,0002014Yes (true)falsefalse$13,920,785

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (2 entries)

Bond ReferenceBondReferenceCdForm8038 T FiledForm8038TFiledIndRebate Not Due YetRebateNotDueYetIndException To RebateExceptionToRebateIndNo Rebate DueNoRebateDueIndVariable Rate IssueVariableRateIssueIndHedge Identified In Bks And RecHedgeIdentifiedInBksAndRecIndGross Proceeds Invested In GICGrossProceedsInvestedInGICIndRegulatory Safe Harbor StsfdRegulatorySafeHarborStsfdIndWritten Proc To Monitor ReqsWrittenProcToMonitorReqsInd
Afalsefalsefalsefalsefalsefalsefalsefalsefalse
Bfalsefalsefalsefalsefalsefalsefalsefalsefalse

Procedures Corrective Action ProceduresCorrectiveActionGrp (2 entries)

Bond ReferenceBondReferenceCdProcedures Corrective ActionProceduresCorrectiveActionInd
AYes (true)
BYes (true)

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp

FieldValueIRS element (for citing)
PersonMattew GolsonPersonNm
Relationship With OrgBoard of TrusteeRelationshipWithOrgTxt
Loan PurposeWorking CapitalLoanPurposeTxt
Loan To OrganizationYes (X)LoanToOrganizationInd
Original Principal$200,000OriginalPrincipalAmt
Balance Due$200,000BalanceDueAmt
DefaultfalseDefaultInd
Board Or Committee ApprovalYes (true)BoardOrCommitteeApprovalInd
Written AgreementYes (true)WrittenAgreementInd
FieldValueIRS element (for citing)
Total Balance Due$200,000TotalBalanceDueAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Line 11bAfter form 990 is prepared by the Controller, the CFO reviews the return prior to filing with the IRS.
Form 990, Part VI, Line 19Available upon request or through public posting of return on third-party website.

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