2015-05-14T10:43:51-05:00 2014-06-30 363990892 CAPIN CROUSE LLP 972 EMERSON PARKWAY STE A GREENWOOD IN 46143 990 2013-07-01 570352247 COLUMBIA INTERNATIONAL UNIVERSITY COLU 8038075013 7435 MONTICELLO ROAD COLUMBIA SC 29203 KEITH STOKELD CHIEF FINANCIAL OFFICER 8078035011 2015-05-14 1 P00747006 3178852620 2013 2016-02-25 16:41:14Z KEITH STOKELD 7435 MONTICELLO ROAD COLUMBIA SC 29203 42143020 0 X WWW.CIU.EDU X 1927 SC CIU EDUCATES PEOPLE FROM A BIBLICAL WORLDVIEW TO IMPACT THE NATIONS WITH THE MESSAGE OF CHRIST. 19 19 823 725 -4388 -4388 19192808 4686563 28362200 31049795 753639 774145 502793 42250 48811440 36552753 4326941 4140854 0 0 20817340 19519296 0 0 1467533 13066043 13632762 38210324 37292912 10601116 -740159 76278623 76786191 19377518 18762100 56901105 58024091 X COLUMBIA INTERNATIONAL UNIVERSITY EDUCATES PEOPLE FROM A BIBLICAL WORLDVIEW TO IMPACT THE NATIONS WITH THE MESSAGE OF CHRIST. 0 0 14658465 4140854 16358962 IN THE 2013-2014 SCHOOL YEAR THE UNIVERSITY SERVED 641 UNDERGRADUATE STUDENTS IN OUR BIBLE COLLEGE, AND 772 STUDENTS IN OUR GRADUATE SCHOOL AND SEMINARY. THE TOTAL NUMBER OF STUDENTS WHO GRADUATED IN 2013-2014 WAS 315, WHICH INCLUDES 154 UNDERGRADUATE STUDENTS, 100 GRADUATE STUDENTS, AND 61 SEMINARY STUDENTS. 9027201 10097691 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 2013-2014 ACADEMIC YEAR, BEN LIPPEN SERVED 747 STUDENTS IN GRADES K-12, OF WHICH 90 WERE MEMBERS OF THE CLASS OF 2014. THESE STUDENTS, WHICH REPRESENT 519 FAMILIES, WERE SERVED BY 103 FULL- AND PART-TIME FACULTY AND STAFF. 2807887 3378191 WRCM ("NEW LIFE" 91.9 FM) AND WMHK (89.7 FM) TOGETHER SERVED AN AVERAGE OF 372,150 LISTENERS PER WEEK DURING THE 2013-2014 YEAR. WRCM SERVES THE GREATER CHARLOTTE (N.C.) MARKET; WMHK SERVES THE COLUMBIA AND FLORENCE (S.C.) MARKETS. THE STATIONS WERE SUPPORTED DURING THE 2013-2014 YEAR BY 26,847 INDIVIDUAL GIFTS TOTALING $2,231,986. (THE GENEROUS GIFTS OF DONORS COMPRISE THE STATIONS' PRIMARY SUPPORT. AS SHOWN ABOVE, PROGRAM SERVICE REVENUES ARE NOT SUFFICIENT TO SUPPORT THE STATIONS' OPERATING EXPENSES). ALONG WITH ENCOURAGING MUSIC, THE STATIONS' PROGRAM CONTENT INCLUDES EDUCATIONAL AND INSPIRATIONAL FEATURES, NEWS AND COMMUNITY-FOCUSED ELEMENTS. THE ON-AIR SERVICE IS COMPLEMENTED BY WEBSITES THAT PROVIDE INFORMATION ABOUT THEIR ACTIVITIES AND BROADCAST STREAMS THAT CAN BE HEARD AROUND THE WORLD. 940782 1214951 PINE VIEW APARTMENTS IS A 136-UNIT HOUSING COMMUNITY LOCATED ON THE WOODED HILLSIDES ADJACENT TO THE CORE CAMPUS. DURING THE 2013-2014 SCHOOL YEAR, IT SERVED AS HOME TO 350 CIU STUDENTS, STAFF MEMBERS, AND THEIR FAMILY MEMBERS. 940782 1214951 27434335 1 1 0 0 0 1 0 0 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 1 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 72 0 1 823 1 1 1 0 0 0 0 0 0 0 0 0 X 19 19 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 TRUSTEE 1.00 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 RUSSELL FRENCH PART-YEAR 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 CHAIR OF THE BOARD 1.00 X X 0 0 0 JERRY RANKIN BOARD SECRETARY 1.00 X X 0 0 0 DOUGLAS RUTT VICE CHAIRMAN 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 MARVIN SCHUSTER 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 WILLIAM JONES PRESIDENT 60.00 X 134320 0 19242 KEITH STOKELD CHIEF FINANCIAL OFFICER 50.00 X 67934 0 14403 D KEITH MARION SR. VICE PRESIDENT 50.00 X 132038 0 18223 334292 0 51868 2 0 0 0 PIONEER COLLEGE CATERERS 303 GLENROSE AVE NASHVILLE TN 37210 CATERING SERVICES 1468571 RICHARDSON CONSTRUCTION CO 6806 MONTICELLO RD COLUMBIA SC 29203 CONSTRUCTION 1269220 NOEL-LEVITZ INC 2350 OAKDALE BLVD CORALVILLE IA 52241 CONSULTING 266793 RT LONDON 1642 BROADWAY NW GRAND RAPIDS MI 49504 CONSULTING 177624 WO BLACKSTONE CONSTRUCTION 425 HUGER STREET COLUMBIA SC 29202 CONSTRUCTION 141458 12 53872 146462 4486229 464557 4686563 TUITION AND FEES 611310 13817252 13817252 BEN LIPPEN SCHOOL 611310 10097691 10097691 BROADCASTING 611310 3378191 3378191 AUXILIARY SERVICES 611310 2532275 2532275 PINE VIEW APARTMENTS 611310 1214951 1214951 9435 9435 31049795 625308 625308 64964 25530 23795 29918 41169 -4388 36781 -4388 41169 5617812 5326746 142229 291066 -142229 148837 148837 63593 53872 67579 -3986 -3986 MISCELLANEOUS REVENUE 900099 9455 9455 9455 36552753 31049795 -4388 820783 5200 5200 4135654 4135654 382583 286507 77613 18463 13772994 10314245 2794080 664669 665751 493474 136755 35522 3769609 2077926 1577249 114434 928359 689769 199172 39418 33665 33665 64569 64569 170834 170834 740990 401984 239888 99118 1158251 883431 174235 100585 230011 67747 158519 3745 1628974 1368464 222957 37553 834169 717939 72500 43730 106180 65231 38650 2299 817467 817467 2281044 1693535 515521 71988 386136 256883 114738 14515 EXTERNAL SERVICES 3374913 2745335 498391 131187 REPAIRS & MAINTENANCE 731207 503000 213571 14636 FINANCIAL AID 569063 569063 OTHER EXPENSES 299203 119586 111944 67673 206086 39362 158726 7998 37292912 27434335 8391044 1467533 2294115 2328423 15286945 9414174 251654 210811 30070 31453 44890 54669 59226063 19118298 38608780 40107765 13427836 17713413 3289420 3591816 327644 3044913 3006023 76278623 76786191 793495 806167 1253065 1265411 14080500 13530446 3250458 3160076 19377518 18762100 X 25294838 27415588 27108143 26099786 4498124 4508717 56901105 58024091 76278623 76786191 X -740159 1979327 -116182 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4 830 2700 109886 1 1 13591501 430378 1548727 420381 15149725 12516908 428706 882752 236865 13591501 12256418 450821 181778 372109 12516908 10697398 545711 1103738 90429 12256418 8694472 382603 1693848 73525 10697398 0.70000 0.30000 0 0 4113036 4113036 44852220 14731740 30120480 2953417 1683061 1270356 7307390 2703497 4603893 40107765 TRUST LIABILITIES 959126 DEPOSITS HELD IN CUSTODY 1034553 ANNUITIES PAYABLE 1166397 3160076 X 34230702 1979327 5110 1984437 32246265 4306488 4306488 36552753 33107716 121292 121292 32986424 4306488 4306488 37292912 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, 2014 AND 2013, 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 -116,182. RENTAL EXPENSES REPORTED ON LINE 6B 53,713. FUNDRAISING EXPENSES REPORTED ON LINE 8B 67,579. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNTS NETTED AGAINST REVENUE 4,135,654. INVESTMENT MANAGEMENT FEES 170,834. FUNDRAISING EXPENSES PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON LINE 6B 53,713. FUNDRAISING EXPENSES REPORTED ON LINE 8B 67,579. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNTS NETTED AGAINST REVENUE 4,135,654. INVESTMENT MANAGEMENT FEES 170,834. 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 A NEWSPAPER AD. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVED $107,997 FROM THE FEDERAL COLLEGE WORK STUDY PROGRAM. CENTRAL AMERICA AND THE CARIBBEAN - PROGRAM SERVICES STUDY TOURS 74527 EAST ASIA AND THE PACIFIC - PROGRAM SERVICES STUDY TOURS, RECRUITMENT 165161 EUROPE (INCLUDING ICELAND & GREENLAND) - PROGRAM SERVICES STUDY TOURS, RECRUITMENT 144411 MIDDLE EAST AND NORTH AFRICA - PROGRAM SERVICES STUDY TOURS 1949 0 0 0 0 0 0 386048 0 386048 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. FALL GOLF CLASSIC 30792 23250 7542 7601 2964 2791 4277 CEDAR CREEK SKEET SHOOT 44390 4239 40151 6569 4657 263 9740 2 42283 26383 15900 5022 14599 3652 5444 117465 53872 63593 19192 22220 6706 19461 67579 -3986 1 CHILD EVANGELISM FELLOWSHIP 500 ST ANDREWS ROAD COLUMBIA SC 29203 570567186 501 (C) (3) 5200 GENERAL SUPPORT GENERAL SUPPORT GENERAL SUPPORT STUDENT SCHOLARSHIPS 756 4135654 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 134320 0 0 0 0 0 0 0 0 0 134320 0 0 0 D KEITH MARION SR. VICE PRESIDENT 132038 0 0 0 0 0 0 0 0 0 132038 0 0 0 PART I, LINE 1A IT IS THE PRACTICE OF CIU TO PROVIDE THE PRESIDENT WITH A HOUSING ALLOWANCE AS PART OF HIS COMPENSATION PACKAGE. MERIT-BASED AID 2 20680 X 30 464557 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 EXTERNAL COMPARISONS ARE MADE WITH SIMILAR INSTITUTIONS FOR THE PRESIDENT AND FOR KEY EMPLOYEES. ADDITIONALLY, INTERNAL COMPARISONS ARE MADE TO DETERMINE RELATIVE SALARY RANGE AMONG THE PRESIDENT AND KEY EMPLOYEES. A 10-YEAR HISTORY OF THE ORGANIZATION'S PRESIDENTS' SALARIES IS PROVIDED TO THE EXECUTIVE COMMITTEE OF THE BOARD. THE EXECUTIVE COMMITTEE APPROVES THE PRESIDENT'S SALARY. THE EXECUTIVE COMMITTEE ALSO REVIEWS THE SALARIES OF KEY EMPLOYEES THROUGH A 10-YEAR HISTORY THAT IS PROVIDED TO THE COMMITTEE UPON REQUEST. 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. FORMS 1023 AND 990-T ARE 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 ANNUITIES CHANGE IN THE VALUE OF TRUST ASSETS/ANNUITIES -116,182. FUNDRAISING EXPENSES REPORTED ON LINE 8B