BELMONT ABBEY COLLEGE: Form 990, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- BELMONT ABBEY COLLEGE (EIN 56-0547498)
- Tax period
- 2013-06-01 to 2014-05-31
- Filed
- 2015-03-24
- IRS object ID
- 201540839349300414
- 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
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule I
- Schedule J
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2015-03-24T12:25:20-05:00 | ReturnTs |
| Tax Period End | 2014-05-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 420714325 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MCGLADREY LLP | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 230 N ELM ST STE 1100 | AddressLine1 |
| City | GREENSBORO | City |
| State | NC | State |
| ZIP Code | 27401 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2013-06-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 560547498 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BELMONT ABBEY COLLEGE INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | BELM | BusinessNameControlTxt |
| Phone | 7044616814 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 BELMONT-MOUNT HOLLY ROAD | AddressLine1 |
| City | BELMONT | City |
| State | NC | State |
| ZIP Code | 28012 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | WILLIAM THIERFELDER | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 7044616814 | PhoneNum |
| Signature | 2015-02-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ADRIENNE MCKINNEY | PreparerPersonNm |
| PTIN | P00819656 | PTIN |
| Phone | 3362724551 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | WILLIAM THIERFELDER | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 BELMONT-MOUNT HOLLY ROAD | AddressLine1 |
| City | BELMONT | City |
| State | NC | State |
| ZIP Code | 28012 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $39,834,662 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.BELMONTABBEYCOLLEGE.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1960 | FormationYr |
| Legal Domicile State | NC | LegalDomicileStateCd |
| Activity Or Mission | BELMONT ABBEY COLLEGE OFFERS BACCALAUREATE LEVEL EDUCATION IN HUMANITIES, NATURAL SCIENCES, SOCIAL SCIENCES, AND PROFESSIONAL STUDIES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 30 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 28 | VotingMembersIndependentCnt |
| Total Employee | 600 | TotalEmployeeCnt |
| Total Volunteers | 29 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $4,832,244 | PYContributionsGrantsAmt |
| CY Contributions Grants | $4,006,186 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $36,626,986 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $29,223,202 | CYProgramServiceRevenueAmt |
| PY Investment Income | $657,377 | PYInvestmentIncomeAmt |
| CY Investment Income | $723,754 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$49,922 | PYOtherRevenueAmt |
| CY Other Revenue | $42,920 | CYOtherRevenueAmt |
| PY Total Revenue | $42,066,685 | PYTotalRevenueAmt |
| CY Total Revenue | $33,996,062 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $14,072,082 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $6,189,510 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $14,872,981 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $13,932,633 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,434,172 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $11,799,718 | PYOtherExpensesAmt |
| CY Other Expenses | $11,870,966 | CYOtherExpensesAmt |
| PY Total Expenses | $40,744,781 | PYTotalExpensesAmt |
| CY Total Expenses | $31,993,109 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,321,904 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $2,002,953 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $23,363,469 | TotalAssetsBOYAmt |
| Total Assets EOY | $30,979,736 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $11,422,154 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $17,292,798 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $11,941,315 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $13,686,938 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | OUR MISSION IS TO EDUCATE STUDENTS IN THE LIBERAL ARTS AND SCIENCES SO THAT IN ALL THINGS GOD MAY BE GLORIFIED. IN THIS ENDEAVOR, WE ARE GUIDED BY THE CATHOLIC INTELLECTUAL TRADITION AND THE BENEDICTINE SPIRIT OF PRAYER AND LEARNING. EXEMPLIFYING BENEDICTINE HOSPITALITY, WE WELCOME A DIVERSE BODY OF STUDENTS AND PROVIDE THEM WITH AN EDUCATION THAT WILL ENABLE THEM TO LEAD LIVES OF INTEGRITY, TO SUCCEED PROFESSIONALLY, TO BECOME RESPONSIBLE CITIZENS, AND TO BE A BLESSING TO THEMSELVES AND TO OTHERS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $25,980,713 | ExpenseAmt |
| Grant | $6,189,510 | GrantAmt |
| Revenue | $29,266,122 | RevenueAmt |
| Desc | INSTRUCTION - PROVIDE EDUCATION FOR STUDENTS IN THE LIBERAL ARTS AND SCIENCES SO THAT IN ALL THINGS, GOD MAY BE GLORIFIED. IN THIS ENDEAVOR, THE COLLEGE IS GUIDED BY THE CATHOLIC INTELLECTUAL TRADITION AND THE BENEDICTINE SPIRIT OF PRAYER AND LEARNING. EXEMPLIFYING BENEDICTINE HOSPITALITY, THE COLLEGE WELCOMES A DIVERSE BODY OF STUDENTS AND PROVIDES THEM WITH AN EDUCATION THAT WILL ENABLE THEM TO LEAD LIVES OF INTEGRITY, TO SUCCEED PROFESSIONALLY, TO BECOME RESPONSIBLE CITIZENS, AND TO BE A BLESSING TO THEMSELVES AND TO OTHERS. DURING THE 2013-2014 ACADEMIC YEAR THE COLLEGE ENROLLED 3,193 STUDENTS.INSTITUTIONAL SUPPORT - PROVIDE COMMUNICATION AND ACTIVITIES FOR THE COLLEGE'S ALUMNI AND COMMUNITY MEMBERS, SUCH AS HOMECOMING, TO ENABLE THE COLLEGE TO MAINTAIN A PRODUCTIVE RELATIONSHIP WITH COMMUNITY MEMBERS AND STUDENTS WHO HAVE GRADUATED AND CREATED FOR THEMSELVES A SUCCESSFUL LIFE. THE COLLEGE PROVIDES A WAY FOR SUCH GRADUATES TO "GIVE BACK" TO HELP FURTHER FUND THE COLLEGE'S MISSION OF EDUCATING STUDENTS. MANAGE THE COLLEGE'S ENDOWMENT TO THE BENEFIT OF THE INSTITUTION AND THE STUDENTS IT SERVICES.STUDENT SERVICES - PROVIDE FOR STUDENTS THE ENVIRONMENT NECESSARY FOR SUCCESSFULLY BECOMING WELL-ROUNDED INDIVIDUALS. THESE SERVICES INCLUDE A WELLNESS CENTER WITH A HEALTH CLINIC AND COUNSELING CENTER, AN HONORS INSTITUTE, ATHLETIC ACTIVITIES, STUDY ABROAD, INFORMATION TECHNOLOGY SERVICES, PERFORMING ARTS AND OTHER STUDENT ACTIVITIES. ALSO INCLUDED ARE ROOM AND BOARD SERVICES AS WELL AS GROUNDS, EQUIPMENT AND BUILDING MAINTENANCE AND REPAIRS. SUCH SERVICES ASSURE THAT THE STUDENTS THAT HAVE BEEN PLACED INTO THE CARE OF THE COLLEGE ARE PROPERLY ATTENDED TO AND THEREFORE PREPARED TO ENGAGE IN THE LEARNING ENVIRONMENT. | Desc |
| Total Program Service Expenses | $25,980,713 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | Yes (1) | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | Yes (1) | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | Yes (1) | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 88 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 600 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 30 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 28 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | 0 | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ALLAN MARK | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7044616736 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 BELMONT-MT HOLLY RD | AddressLine1 |
| City | BELMONT | City |
| State | NC | State |
| ZIP Code | 28012 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (35 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd |
|---|---|---|---|---|---|---|
| RT REV PLACID D SOLARI | ||||||
| CHANCELLOR | 3.00 | Yes (X) | $0 | $0 | $0 | |
| REV MSGR MAURICIO WEST | ||||||
| CHAIRMAN | 3.00 | Yes (X) | $0 | $0 | $0 | |
| RICHARD HOEFLING | ||||||
| SECRETARY | 3.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| BROTHER TOBIAH ABBOTT OSB | ||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| EVELYN KELLY ANDERSON | ||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| KENNETH D BELL | ||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| THE REVEREND DAVID BROWN OSB | ||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| RT REV OSCAR BURNETT | ||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| ROBERT A DESTRO | ||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| ROBERT W DINEEN | ||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| SHARON L FOLK | ||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| REV FRANCES FORSTER | ||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| MR ROBERT GALLAGHER | ||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| PAUL L HERNDON | ||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| RAYMOND JONES | ||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| CHRISTOPHER KIRCHGESSNER | ||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| REV JOSEPH W KOTERSKI SJ | ||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| WILLIAM LAWLER | ||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| HANS LENGERS | ||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| MR ROBERT LUDDY | ||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| DR JEANNE-MARGARET MCNALLY | ||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| REGINA P MOODY | ||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| MR PAUL POLKING | ||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| ROGER REGELBRUGGE | ||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| EDWARD C RUFF | ||||||
| TRUSTEE | 8.00 | Yes (X) | $0 | $0 | $0 | |
| LOUIS SCHMITT | ||||||
| TRUSTEE | 3.00 | Yes (X) | $0 | $0 | $0 | |
| MICHAEL SNYDER | ||||||
| TRUSTEE | 3.00 | Yes (X) | $0 | $0 | $0 | |
| MICHAEL SOIGNET | ||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| PETER TONON | ||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| WILLIAM K THIERFELDER | ||||||
| PRESIDENT | 60.00 | Yes (X) | $323,209 | $0 | $65,171 | Yes (X) |
| WAYNE J SCROGGINS | ||||||
| VP ADM & FINANCE | 60.00 | $166,749 | $0 | $19,130 | Yes (X) | |
| ALLAN MARK | ||||||
| CFO | 60.00 | $126,497 | $0 | $17,049 | Yes (X) | |
| RICHARD G SWANSON | ||||||
| VP COLLEGE RELATIONS | 50.00 | $186,629 | $0 | $28,880 | Yes (X) | |
| ANNE DALY | ||||||
| VP ACADEMIC AFFAIRS | 50.00 | $171,330 | $0 | $12,713 | Yes (X) | |
| RITA LEWIS | ||||||
| CORPORATE SECRETARY | 40.00 | $43,244 | $0 | $9,638 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,017,658 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $152,581 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 5 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1 | CityContractorAddress/USAddress/City | StateContractorAddress/USAddress/State | ZIP CodeContractorAddress/USAddress/ZIPCode | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| CHARTWELLS DINING SERVICES | |||||
| PO BOX 417632 | BOSTON | MA | 02241 | FOOD SERVICES | $2,003,283 |
| SSC SERVICE SOLUTIONS | |||||
| PO BOX 742268 | ATLANTA | GA | 30374 | MAINTENANCE/JANITORIAL | $1,573,490 |
| HOWARD B JONES & SON INC | |||||
| 123 ZENKER ROAD | LEXINGTON | SC | 29072 | TENNIS COURT CONSTRUCTION | $248,400 |
| PEDULLA TRUCKING EXCAVATING AND PAVING | |||||
| 1275 SHINN FARM ROAD | MOORESVILLE | NC | 28115 | TENNIS COURT CONSTRUCTION | $209,167 |
| IMAGEMARK BUSINESS SERVICES INC | |||||
| PO BOX 799 | GLOUESTER | VA | 23061 | PRINTING SERVICES | $195,337 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 12 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $193,036 | GovernmentGrantsAmt |
| All Other Contributions | $3,813,150 | AllOtherContributionsAmt |
| Noncash Contributions | $66,961 | NoncashContributionsAmt |
| Total Contributions | $4,006,186 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION AND FEES | 611710 | $21,915,902 | $21,915,902 |
| AUXILIARY SERVICES | 611710 | $6,792,644 | $6,792,644 |
| MISC. PROGRAM | 611710 | $514,656 | $514,656 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $29,223,202 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $293,117 | TotalRevenueColumnAmt |
| Exclusion | $293,117 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $6,204,572 | SecuritiesAmt |
| Other | $10,459 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $5,773,935 | SecuritiesAmt |
| Other | $10,459 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $430,637 | SecuritiesAmt |
| Other | $0 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $430,637 | TotalRevenueColumnAmt |
| Exclusion | $430,637 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $97,126 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $54,206 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $42,920 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $42,920 | RelatedOrExemptFuncIncomeAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $33,996,062 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $29,266,122 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $723,754 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,189,510 | TotalAmt |
| Program Services | $6,189,510 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,170,240 | TotalAmt |
| Program Services | $278,205 | ProgramServicesAmt |
| Management And General | $646,215 | ManagementAndGeneralAmt |
| Fundraising | $245,820 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,242,092 | TotalAmt |
| Program Services | $8,310,741 | ProgramServicesAmt |
| Management And General | $1,423,083 | ManagementAndGeneralAmt |
| Fundraising | $508,268 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $396,663 | TotalAmt |
| Program Services | $321,864 | ProgramServicesAmt |
| Management And General | $55,114 | ManagementAndGeneralAmt |
| Fundraising | $19,685 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,305,369 | TotalAmt |
| Program Services | $1,059,216 | ProgramServicesAmt |
| Management And General | $181,374 | ManagementAndGeneralAmt |
| Fundraising | $64,779 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $818,269 | TotalAmt |
| Program Services | $663,968 | ProgramServicesAmt |
| Management And General | $113,694 | ManagementAndGeneralAmt |
| Fundraising | $40,607 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $123,346 | TotalAmt |
| Management And General | $123,346 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,731,783 | TotalAmt |
| Program Services | $3,334,652 | ProgramServicesAmt |
| Management And General | $1,232,490 | ManagementAndGeneralAmt |
| Fundraising | $164,641 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $196,811 | TotalAmt |
| Program Services | $85,664 | ProgramServicesAmt |
| Management And General | $12,729 | ManagementAndGeneralAmt |
| Fundraising | $98,418 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $223,322 | TotalAmt |
| Program Services | $170,160 | ProgramServicesAmt |
| Management And General | $38,456 | ManagementAndGeneralAmt |
| Fundraising | $14,706 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $803,307 | TotalAmt |
| Program Services | $803,307 | ProgramServicesAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $625,570 | TotalAmt |
| Program Services | $529,039 | ProgramServicesAmt |
| Management And General | $47,501 | ManagementAndGeneralAmt |
| Fundraising | $49,030 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $103,756 | TotalAmt |
| Program Services | $92,391 | ProgramServicesAmt |
| Management And General | $9,281 | ManagementAndGeneralAmt |
| Fundraising | $2,084 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $754,879 | TotalAmt |
| Program Services | $754,879 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,041,136 | TotalAmt |
| Program Services | $931,817 | ProgramServicesAmt |
| Management And General | $74,962 | ManagementAndGeneralAmt |
| Fundraising | $34,357 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $306,505 | TotalAmt |
| Program Services | $42,745 | ProgramServicesAmt |
| Management And General | $263,760 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| STUDENT SERVICES | $642,248 | $479,966 | $107,042 | $55,240 |
| EQUIPMENT RENTAL | $330,879 | $162,390 | $156,081 | $12,408 |
| REPAIRS | $233,924 | $226,468 | $5,113 | $2,343 |
| RENTAL EXPENSES | $224,487 | $224,487 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,529,013 | TotalAmt |
| Program Services | $1,319,244 | ProgramServicesAmt |
| Management And General | $87,983 | ManagementAndGeneralAmt |
| Fundraising | $121,786 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $31,993,109 | TotalAmt |
| Program Services | $25,980,713 | ProgramServicesAmt |
| Management And General | $4,578,224 | ManagementAndGeneralAmt |
| Fundraising | $1,434,172 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $34,816 | BOYAmt |
| EOY | $22,287 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,917,283 | BOYAmt |
| EOY | $2,824,607 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,842,940 | BOYAmt |
| EOY | $1,242,487 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $889,148 | BOYAmt |
| EOY | $999,106 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $43,293 | BOYAmt |
| EOY | $51,795 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $528,944 | BOYAmt |
| EOY | $582,259 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $23,347,282 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $7,023,245 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,722,527 | BOYAmt |
| EOY | $16,324,037 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,985,963 | BOYAmt |
| EOY | $6,289,540 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $238,995 | BOYAmt |
| EOY | $239,669 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,159,560 | BOYAmt |
| EOY | $2,403,949 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,363,469 | BOYAmt |
| EOY | $30,979,736 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,497,084 | BOYAmt |
| EOY | $1,367,578 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,619,910 | BOYAmt |
| EOY | $3,712,559 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,505,000 | BOYAmt |
| EOY | $1,250,000 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $935,900 | BOYAmt |
| EOY | $935,900 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,113,916 | BOYAmt |
| EOY | $2,881,307 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $750,344 | BOYAmt |
| EOY | $7,145,454 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,422,154 | BOYAmt |
| EOY | $17,292,798 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$1,989,951 | BOYAmt |
| EOY | -$205,635 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,666,707 | BOYAmt |
| EOY | $4,306,319 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,264,559 | BOYAmt |
| EOY | $9,586,254 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,941,315 | BOYAmt |
| EOY | $13,686,938 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,363,469 | BOYAmt |
| EOY | $30,979,736 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $2,002,953 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $176,180 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$433,510 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $8,487,467 | BeginningYearBalanceAmt |
| Contributions | $183,579 | ContributionsAmt |
| Investment Earnings Or Losses | $718,069 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $182,900 | GrantsOrScholarshipsAmt |
| Other Expenditures | $178,000 | OtherExpendituresAmt |
| End Year Balance | $9,028,215 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $7,650,283 | BeginningYearBalanceAmt |
| Contributions | $111,660 | ContributionsAmt |
| Investment Earnings Or Losses | $981,001 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $101,600 | GrantsOrScholarshipsAmt |
| Other Expenditures | $153,877 | OtherExpendituresAmt |
| End Year Balance | $8,487,467 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $7,971,380 | BeginningYearBalanceAmt |
| Contributions | $171,444 | ContributionsAmt |
| Investment Earnings Or Losses | -$152,241 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $101,600 | GrantsOrScholarshipsAmt |
| Other Expenditures | $238,700 | OtherExpendituresAmt |
| End Year Balance | $7,650,283 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $7,666,276 | BeginningYearBalanceAmt |
| Contributions | $41,854 | ContributionsAmt |
| Investment Earnings Or Losses | $900,358 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $140,584 | GrantsOrScholarshipsAmt |
| Other Expenditures | $103,107 | OtherExpendituresAmt |
| Administrative Expenses | -$879 | AdministrativeExpensesAmt |
| End Year Balance | $8,365,676 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $7,055,374 | BeginningYearBalanceAmt |
| Contributions | $81,086 | ContributionsAmt |
| Investment Earnings Or Losses | $778,816 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $89,700 | GrantsOrScholarshipsAmt |
| Other Expenditures | $159,300 | OtherExpendituresAmt |
| End Year Balance | $7,666,276 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.00000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.80540 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.19460 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | Yes (1) | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $19,960,331 | OtherCostOrOtherBasisAmt |
| Depreciation | $4,366,127 | DepreciationAmt |
| Book Value | $15,594,204 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,371,108 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,657,118 | DepreciationAmt |
| Book Value | $713,990 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $15,843 | OtherCostOrOtherBasisAmt |
| Book Value | $15,843 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $16,324,037 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (3 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| CONTRIBUTIONS REC. FROM TRUST | $16,083 |
| BENEFICIAL INTEREST IN TRUST | $2,289,475 |
| ASSETS HELD UNDER SPLIT INTEREST AGREEMENT | $98,391 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $2,403,949 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| STUDENT DEPOSITS | $240,943 |
| OTHER LIABILITIES | $557,614 |
| OBLIGATION UNDER SPLIT INTEREST AGREEMENT | $55,219 |
| CAPITAL LEASE OBLIGATIONS | $6,291,678 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $7,145,454 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $29,481,816 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $176,180 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $1,878,388 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | -$6,623,020 | OtherRevenueAmt |
| Revenue Not Reported | -$4,568,452 | RevenueNotReportedAmt |
| Revenue Subtotal | $34,050,268 | RevenueSubtotalAmt |
| Other Revenues Not Included | -$54,206 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | -$54,206 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $33,996,062 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $27,736,193 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $1,878,388 | DonatedServicesUseFcltsAmt |
| Other Expenses Included | $54,206 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $1,932,594 | ExpensesNotReportedAmt |
| Expenses Subtotal | $25,803,599 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $6,189,510 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $6,189,510 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $31,993,109 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4: | SCHOLARSHIPS AND SPECIFIC DEPARTMENTAL ACTIVITIES. |
| PART X, LINE 2: | MANAGEMENT EVALUATED THE COLLEGE'S TAX POSITIONS AND CONCLUDED THAT THE COLLEGE HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENTS TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THE INCOME TAXES TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC). |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | CHANGE IN SPLIT INTEREST AGREEMENTS 145,998. CHANGE IN CSV OF LIFE INSURANCE 885. RECLASS SCHOLARSHIP GRANTS -6,189,510. EXPECTED LOSS ON CONTRIBUTIONS RECEIVABLE -580,393. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | INVENTORY COSTS -54,206. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | INVENTORY COSTS 54,206. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | GRANTS AND SCHOLARSHIPS 6,189,510. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | SEE SCHEDULE O. |
| SCHEDULE E, PART I, LINE 6 | BELMONT ABBEY COLLEGE STUDENTS RECEIVE A VARIETY OF FEDERAL AND STATE GRANTS AND LOANS, INCLUDING PELL GRANTS, SUPPLEMENTAL EDUCATIONS OPPORTUNITY GRANTS, NC LEGISLATIVE TUITION GRANTS, AND NC STUDENT INCENTIVE GRANTS. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | SCHOLARSHIPS AND FELLOWSHIPS TO STUDENTS | GrantTypeTxt |
| Recipient | 1284 | RecipientCnt |
| Cash Grant | $6,189,510 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE ORG. UTILIZES VARIOUS DATABASES TO STORE & MONITOR ALL DATA PERTAINING TO THE AWARDING AND DISBURSEMENT OF GRANTS RECEIVED IN THE U.S. ALL GRANTS RECEIVED ARE PROPERLY APPLIED AS PAYMENTS TOWARD STUDENTS' ACCOUNTS APPROPRIATELY. ALL PARTICIPATING GRANTING ORGANIZATIONS HAVE COMPLIANCE REQUIREMENTS THAT ARE ADHERED TO & AUDITED ANNUALLY IN ACCORDANCE WITH THE OFFICE OF MGT. AND BUDGET (OMB) CIRCULAR A-133, AUDITS OF STATES, LOCAL GOVERNMENTS, AND NON-PROFIT ORGANIZATIONS. AS SUCH, THE ORG. PRESENTS SCHEDULES OF EXPENDITURES OF FEDERAL AND STATE AWARDS SUMMARIZING ALL EXPENDITURES USING THE ACCRUAL BASIS OF ACCOUNTING. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Idemnification Gross Up Pmts | Yes (X) | IdemnificationGrossUpPmtsInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (4 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| WILLIAM K THIERFELDER | ||||||||||||||
| PRESIDENT | $247,713 | $0 | $0 | $0 | $75,496 | $0 | $6,673 | $0 | $58,498 | $0 | $388,380 | $0 | $0 | $0 |
| WAYNE J SCROGGINS | ||||||||||||||
| VP ADM & FINANCE | $164,128 | $0 | $0 | $0 | $2,621 | $0 | $6,809 | $0 | $12,321 | $0 | $185,879 | $0 | $0 | $0 |
| RICHARD G SWANSON | ||||||||||||||
| VP COLLEGE RELATIONS | $178,345 | $0 | $0 | $0 | $8,284 | $0 | $7,700 | $0 | $21,180 | $0 | $215,509 | $0 | $0 | $0 |
| ANNE DALY | ||||||||||||||
| VP ACADEMIC AFFAIRS | $170,221 | $0 | $0 | $0 | $1,109 | $0 | $6,840 | $0 | $5,873 | $0 | $184,043 | $0 | $0 | $0 |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | STH BENEDICTINE SOCIETY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Loan To Organization | Yes (X) | LoanToOrganizationInd |
| Original Principal | $1,438,000 | OriginalPrincipalAmt |
| Balance Due | $935,900 | BalanceDueAmt |
| Default | 0 | DefaultInd |
| Board Or Committee Approval | Yes (1) | BoardOrCommitteeApprovalInd |
| Written Agreement | Yes (1) | WrittenAgreementInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $935,900 | TotalBalanceDueAmt |
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (3 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| ABBOT OF BELMONT ABBEY-THE RIGHT RE | |||
| CHANCELLOR/PRES SBS | $49,135 | INTEREST -THE SOUTHERN BENEDICTINE SOCIETY RECEIVED INTEREST ON THE LOAN DISCLOSED ON SCHEDULE L, PART II. | 0 |
| ROBERT DINEEN | |||
| TRUSTEE | $80,000 | CEO FOR LINCOLN FINANCIAL NETWORK, THE COLLEGE'S LIFE INSURANCE PROVIDER | 0 |
| SOUTHERN BENEDICTINE SOCIETY | |||
| RELATED TAX EXEMPT ORGANIZATION - SEE SCH R | $621,500 | PAYMENT FOR CAPITAL LEASE ON DORMITORIES OWNED BY THE SOCIETY | 0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART IV, ITEM (B) | FormAndLineReferenceDesc |
| Explanation | THE SITTING ABBOT ALSO SERVES AS BOTH CHANCELLOR OF THE COLLEGE AND PRESIDENT OF THE SOUTHERN BENEDICTINE SOCIETY (SBS) BY VIRTUE OF HIS POSITION. HE IS ALSO ON THE BOARD OF THE COLLEGE. | ExplanationTxt |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $3,200 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenuesTxt |
Books And Publications BooksAndPublicationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Noncash Contributions Rpt F990 | $2,575 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenuesTxt |
Secur Prtnrshp Trust Intrsts SecurPrtnrshpTrustIntrstsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $43,172 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp (2 entries)
| Non Cash CheckboxNonCashCheckboxInd | DescDesc | ContributionContributionCnt | Noncash Contributions Rpt F990NoncashContributionsRptF990Amt | Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt |
|---|---|---|---|---|
| Yes (X) | PIANOS | 2 | $11,120 | FAIR MARKET VALUE |
| Yes (X) | EVENT TICKETS | 2 | $6,894 | FAIR MARKET VALUE |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | Yes (1) | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 32B: | FormAndLineReferenceDesc |
| Explanation | STOCKS ARE SOLD AUTOMATICALLY BY THE ORGANIZATION'S BROKER WHO RECEIVES THE SHARES. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (13 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | HOEFLING, THIERFELDER-COMMON BUSINESS RELATIONSHIP. ABBOT PLACID, MR. GALLAGHER AND FR. WEST HAVE COMMON ACTIVITIES WITHIN THE DIOCESE. GALLAGHER, HOEFLING, LENGERS, RUFF, THIERFELDER, AND WEST ALL SERVE ON THE CHARLOTTE BUSINESS COUNCIL. FR. WEST AND MR. JONES ARE BOTH DIRECTORS OF THE FOUNDATION OF THE ROMAN CATHOLIC DIOCESE OF CHARLOTTE. MR. RUFF SERVES ON DIOCESAN FINANCE COUNCIL. GALLAGHER, LENGERS, RUFF, REGELBRUGGE, SCHMITT, AND POLKING RECEIVED INTEREST INCOME FROM THE COLLEGE ON INVESTMENT IN COLLEGE BONDS. GALLAGHER AND HOEFLING-COMMON BUSINESS RELATIONSHIP. HOEFLING AND POLKING-FAMILY RELATIONSHIP. GALLAGHER-SON WAS ADJUNCT PROFESSOR. EDWARD RUFF SERVED AS GRANTOR OF A CHARITABLE REMAINDER UNITRUST OF WHICH THE COLLEGE IS THE BENEFICIARY. ABBOT PLACID SERVED AS A NON-BENEFICIARY TRUSTEE OF THE UNITRUST. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE MEMBERS OF BELMONT ABBEY COLLEGE, INC. (BAC) ARE THE CHAPTER OF BELMONT ABBEY. IN ACCORDANCE WITH ITS RULES AND PROCEDURES, THE BUSINESS AND AFFAIRS OF THE COLLEGE SHALL BE MANAGED BY THE BOARD OF TRUSTEES OR BY SUCH COMMITTEES AS THE BOARD MAY ESTABLISH PURSUANT TO THE BY-LAWS AND THE CHARTER OF THE COLLEGE. THE BOARD OF TRUSTEES OF THE COLLEGE SHALL CONSIST OF NOT LESS THAN TWENTY (20) NOR MORE THAN FORTY (40) TRUSTEES. THE MEMBERS OF THE COLLEGE SHALL BE ENTITLED TO A MINIMUM REPRESENTATION OF THE BOARD OF TRUSTEES OF SEVEN (7) MEMBERS, ONE (1) OF WHOM SHALL BE THE ABBOT OF BELMONT ABBEY, THE CHANCELLOR EX-OFFICIO OF THE COLLEGE. SUCH REPRESENTATION SHALL BE LIMITED TO A MAXIMUM OF TWENTY-FIVE PERCENT (25%) OF THE TOTAL BOARD OF TRUSTEES THAT MAY BE SERVING FROM TIME TO TIME PROVIDED THE MINIMUM REPRESENTATION OF SEVEN (7) MEMBERS IS ALWAYS OBSERVED. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE MEMBERS OF BAC HAVE THE AUTHORITY TO ELECT OR REMOVE TRUSTEES AS OUTLINED IN THE ARTICLES OF INCORPORATION AND AMENDMENTS. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE MEMBERS OF BAC HAVE RESERVED CERTAIN POWERS IN THE ARTICLES OF INCORPORATION OR AMENDMENTS THERETO AS FOLLOWS: TO LEASE, SELL, MORTGAGE, OR ENCUMBER REAL ESTATE OWNED BY BAC; TO MERGE, AFFILIATE, LIQUIDATE, OR DISSOLVE BAC; TO AMEND THE ARTICLES OF INCORPORATION OF BAC; AND TO TERMINATE THE EXISTENCE OF BAC PURSUANT TO THE NON-PROFIT LAWS OF NC. FURTHER, THE MEMBERS SHALL APPROVE IN WRITING THE FOLLOWING ACTIONS OF THE BOARD OF TRUSTEES OF BAC: THE ELECTION AND/OR REMOVAL OF TRUSTEES; ANY AMENDMENT BY THE BY-LAWS OF BAC; THE APPOINTMENT OF THE PRESIDENT OF BAC; AND THE ADOPTION OF ANY CAPITAL BUDGET OR THE ADOPTION OF ANY BUDGET REFLECTING OPERATING DEFICITS OF BAC. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE FINANCE COMMITTEE REVIEWED THE DRAFT 990 (PUBLIC INSPECTION COPY) IN DETAIL. BASED ON THIS REVIEW THEY APPROVED THE 990 (PUBLIC INSPECTION COPY) FOR FILING. SUBSEQUENTLY, THE PUBLIC INSPECTION COPY WAS SENT TO EACH TRUSTEE IN ADVANCE OF THE FILING DATE (APRIL 15). |
| FORM 990, PART VI, SECTION B, LINE 12C | ALL EMPLOYEES ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST ANNUALLY WITH THEIR EMPLOYMENT CONTRACT. BOARD MEMBERS ARE REQUIRED TO FILE A REPORT ANNUALLY WHICH DISCLOSES ANY INTERESTS THAT COULD GIVE RISE TO CONFLICTS. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE TERMS AND CONDITIONS OF EACH AMENDMENT TO THE PRESIDENT'S EMPLOYMENT AGREEMENT ARE PRESENTED TO THE BOARD OF TRUSTEES' EXECUTIVE COMMITTEE FOR DISCUSSION, COMMENT AND APPROVAL. PEER INSTITUTION COMPENSATION DATA IS PROVIDED FOR CONSIDERATION AS PART OF THE APPROVAL PROCESS. LIFE INSURANCE BENEFITS, IF ANY PROPOSED, WOULD ALSO BE REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE. THESE PROCESSES ARE ALSO FOLLOWED TO DETERMINE COMPENSATION FOR EACH MEMBER OF EXECUTIVE MANAGEMENT. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION WILL MAKE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. |
| FORM 990, PART VII, SECTION A, COLUMN F: | THE ORGANIZATION, IN A FULL TRANSPARENCY POSTURE TO REPORTING, IS REPORTING ALL BENEFITS IN FULL IN COLUMN F, PART VII AND NOT APPLYING THE $10,000 PER ITEM EXCEPTION FOR CERTAIN BENEFITS. |
| FORM 990, PART IX, LINE 11G | CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 812,465. MANAGEMENT AND GENERAL EXPENSES 1,159,786. FUNDRAISING EXPENSES 136,033. TOTAL EXPENSES 2,108,284. CONSULTING FEES: PROGRAM SERVICE EXPENSES 92,929. MANAGEMENT AND GENERAL EXPENSES 10,723. FUNDRAISING EXPENSES 200. TOTAL EXPENSES 103,852. FOOD SERVICES: PROGRAM SERVICE EXPENSES 1,658,795. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,658,795. OTHER : PROGRAM SERVICE EXPENSES 770,463. MANAGEMENT AND GENERAL EXPENSES 61,981. FUNDRAISING EXPENSES 28,408. TOTAL EXPENSES 860,852. |
| FORM 990, PART XI, LINE 9: | CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 145,998. CHANGE IN CSV OF LIFE INSURANCE 885. EXPECTED LOSSES FROM CONTRIBUTIONS RECEIVABLE -580,393. |
| FORM 990, SCHEDULE E, LN 3: | ORGANIZATION PUBLISHED THE FOLLOWING STATEMENT IN ITS ADMISSION MATERIALS, APPLICATION, AND NEWS ADVERTISEMENT: "ADMISSION GRANTED TO QUALIFIED APPLICANTS WITHOUT REGARD TO RACE, SEX, AGE, CREED, HANDICAP, OR NATIONAL OR ETHNIC ORIGIN." |
| FORM 990, SCHEDULE R, PART V, LINE 2 | THE PRIOR YEAR AMOUNTS WERE CHANGED IN THE CURRENT YEAR AUDITED FINANCIAL STATEMENTS. THE COLLEGE DETERMINED AN ADDITIONAL $455,623 SHOULD BE DISCLOSED IN THE TYPE Q AMOUNT FOR THE PRIOR YEAR. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SOUTHERN BENEDICTINE SOCIETY OF NORTH CAROLINA | BusinessNameLine1 |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 BELMONT-MOUNT HOLLY ROAD | AddressLine1 |
| City | BELMONT | City |
| State | NC | State |
| ZIP Code | 28012 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 560530237 | EIN |
| Primary Activities | RELIGIOUS COMMUNITY | PrimaryActivitiesTxt |
| Legal Domicile State | NC | LegalDomicileStateCd |
| Exempt Code Section | 501(C)(3) | ExemptCodeSectionTxt |
| Public Charity Status | LINE 1 | PublicCharityStatusTxt |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Controlled Organization | 0 | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | Yes (1) | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | Yes (1) | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (4 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| SOUTHERN BENEDICTINE SOCIETY | ||
| K | $2,499,888 | FAIR MARKET VALUE |
| SOUTHERN BENEDICTINE SOCIETY | ||
| P | $45,457 | FAIR MARKET VALUE |
| SOUTHERN BENEDICTINE SOCIETY | ||
| Q | $608,011 | FAIR MARKET VALUE |
| SOUTHERN BENEDICTINE SOCIETY | ||
| E | $935,900 | OUTSTANDING BALANCE |