2014-05-14T14:05:00-05:00 2013-06-30 363990892 Capin Crouse LLP 1255 Lakes Parkway Suite 130 Lawrenceville GA 30043 990 2012-07-01 570314390 Erskine College and Theological Seminary ERSK 8643798812 PO Box 338 Due West SC 29639 GREGORY W HASELDEN 8642294951 2014-05-14 1 David C Moja P00747006 6785185301 2012 2015-11-30 17:44:51Z DAVID A NORMAN PO Box 338 Due West SC 29639 30320196 0 X www.erskine.edu X 1837 SC Christian liberal arts college and graduate theological seminary. 27 26 510 40 0 0 2461423 2683384 21492483 21987608 1924937 2690478 132002 83513 26010845 27444983 10155270 10609422 0 0 9455206 9504141 0 0 312920 9212110 8890081 28822586 29003644 -2811741 -1558661 76863425 75599606 23129434 22343860 53733991 53255746 ERSKINE COLLEGE EXISTS TO GLORIFY GOD AS A CHRISTIAN ACADEMIC COMMUNITY WHERE STUDENTS ARE EQUIPPED TO FLOURISH AS WHOLE PERSONS FOR LIVES OF SERVICE THROUGH THE PURSUIT OF UNDERGRADUATE LIBERAL ARTS AND GRADUATE THEOLOGICAL EDUCATION. 0 0 17026547 10609422 22023491 COLLEGE AND SEMINARY EDUCATION, STUDENT ROOM AND BOARD, ATHLETICS, BOOKSTORE, AND OTHER COLLEGE ACTIVITIES. 17026547 1 1 0 0 0 0 1 1 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 37 0 1 510 1 0 0 0 0 0 0 0 0 0 0 X 27 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 SC X GREGORY W HASELDEN 8643798812 PO Box 338 Due West SC 29639 DAVID CONNER 10.00 X X 0 0 0 BILL CAIN 10.00 X X 0 0 0 MAX BOLIN 10.00 X X 0 0 0 JOHN BASIE 2.00 X 0 0 0 JULIA BOYD 2.00 X 0 0 0 BRYAN BULT 2.00 X 0 0 0 NAN CAMPBELL 2.00 X 0 0 0 FRED CARR 2.00 X 0 0 0 JERRY CLEMONS 2.00 X 0 0 0 JIM CORBITT 2.00 X 0 0 0 DIXON CUNNINGHAM 2.00 X 0 0 0 JOE DONAHUE 2.00 X 0 0 0 BEVERLY HICKS 2.00 X 0 0 0 R JOHNSTON 2.00 X 0 0 0 ANDY LEWIS 2.00 X 0 0 0 RG MCDONALD 2.00 X 0 0 0 MANTLE NANCE 2.00 X 0 0 0 LARRY NYCUM 2.00 X 0 0 0 ANDY PUTNAM 2.00 X 0 0 0 LISA ROBINSON SENN 2.00 X 0 0 0 CROSLAND STUART 2.00 X 0 0 0 STEVE SUITS 2.00 X 0 0 0 RICHARD TAYLOR 2.00 X 0 0 0 ANN MARIE TRIBBLE 2.00 X 0 0 0 PETER WAID 2.00 X 0 0 0 TIM WATSON 2.00 X 0 0 0 DAN WHITESIDES 2.00 X 0 0 0 DAVID NORMAN 40.00 X 168057 0 30698 GREG HASELDEN 40.00 X 114521 0 10034 282578 0 40732 2 0 1 0 ARAMARK HIGHER EDUCATION 22506 NETWORK PLACE CHICAGO IL 60673 FACILITIES MGMT 2596204 ARAMARK SERVICES PO BOX 518 DUE WEST SC 29639 DINING SERVICES 1685723 TIAA-CREF PO BOX 933326 ATLANTA GA 31193 PENSION SERVICES 601142 EBSCO SUBSCRIPTION SERVICES PO Box 2543 BIRMINGHAM AL 35202 ELECTRONIC LIBRARY SERVICES 162713 4 120357 2563027 13683 2683384 STUDENT TUITION & FEES 611710 17242489 17242489 ROOM & BOARD 611710 4652836 4652836 OTHER 611710 92283 92283 21987608 1013704 1013704 54288 6658 47630 47630 47630 4253448 2576674 1676774 1676774 1676774 327764 291881 35883 35883 27444983 22023491 0 2738108 10609422 10609422 529520 529520 7438556 4582224 2695380 160952 212923 128859 76016 8048 634351 372989 248445 12917 688791 404271 272207 12313 40701 40701 43129 43129 161291 161291 82053 82053 176549 176549 493288 146461 325214 21613 144025 144025 861175 861175 87950 37616 43244 7090 646633 646633 1463597 1463597 294168 294168 INSTITUTIONAL SERVICES 1798482 744705 1053777 2597040 2507053 89987 29003644 17026547 11664177 312920 806428 786667 216604 47185 32285 806218 870663 145985 131781 100234 86224 52283537 25825620 27341147 26457917 37906682 46402937 7852589 1082970 1133981 130321 124213 76863425 75599606 2146539 2283253 611442 485701 12478194 12351043 7893259 7223863 23129434 22343860 X -4716508 -5723482 6325290 6172273 52125209 52806955 53733991 53255746 76863425 75599606 X -1558661 537822 542594 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 8 8 1 0 927936 X X 0 39628456 6500 3124957 3748714 20085 38991114 47765835 309852 69536 8516767 39628456 43606659 485532 3715822 42178 47765835 42500837 777955 1345693 1017826 43606659 52253746 1887246 -8071632 3568523 42500837 0 0 755548 755548 41883211 25825620 16057591 9102822 9102822 541956 541956 26457917 TRUST FUND AND ANNUTIY ASSETS 5755221 C COLLECTION ITEMS 927936 C REAL ESTATE 1169432 C 7852589 US GOVERNMENT LOAN FUNDS - REFUNDABLE 961407 ANNUITIES PAYABLE 1213576 INTEREST RATE SWAP LIABILITY 1743583 TRUST LIABILITIES 3008033 OTHER LIABILITIES 297264 7223863 X 18214516 537822 542594 1080416 17134100 10310883 10310883 27444983 18692761 298539 298539 18394222 10609422 10609422 29003644 Description of How Organization Reports Conservation Easements: Part II, Line 9: REVENUES/EXPENSES FROM CONSERVATION EASEMENTS ARE NOT SEPARATELY REPORTED ON THE STATEMENT OF ACTIVITIES, AND THE EASEMENTS ARE NOT SEPARATELY PRESENTED ON THE STATEMENT OF FINANCIAL POSITION. Part III, Line 4: THE COLLEGE MAINTAINS AN ART CENTER THAT DISPLAYS WORKS OF ART INCLUDING PAINTINGS, MUSIC BOXES, FURNITURE, AND OTHER ITEMS TO THE PUBLIC. THE COLLEGE DISPLAYS THE ARTWORK FREE OF CHARGE TO THE PUBLIC. Description of Uncertain Tax Positions Under FIN 48: Part X, Line 2: THE FINANCIAL STATEMENT EFFECTS OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN ARE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE LIKELY THAN NOT, BASED ON THE TECHNICAL MERITS, THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION. INTEREST AND PENALTIES, IF ANY, ARE INCLUDED IN EXPENSES IN THE STATEMENT OF ACTIVITIES. AS OF JUNE 30, 2013 and 2012, THE COLLEGE HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE COLLEGE FILES INFORMATION TAX RETURNS IN THE U.S. THE COLLEGE IS GENERALLY NO LONGER SUBJECT TO U.S. FEDERAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2008. Part XI, Line 2d - Other Adjustments: UNREALIZED GAIN ON INTEREST RATE SWAP 588,719. CHANGE IN VALUE OF TRUSTS AND ANNUITIES -46,125. Part XI, Line 4b - Other Adjustments: SCHOLARSHIPS AND OTHER AID 10,609,422. COST OF GOODS SOLD -291,881. RENTAL EXPENSES -6,658. Part XII, Line 2d - Other Adjustments: COST OF GOODS SOLD 291,881. RENTAL EXPENSES 6,658. Part XII, Line 4b - Other Adjustments: SCHOLARSHIPS AND OTHER AID 10,609,422. SCHEDULE D, PART X, LINE 2 - THE FINANCIAL STATEMENT EFFECTS OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN ARE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE LIKELY THAN NOT, BASED ON THE TECHNICAL MERITS, THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION. INTEREST AND PENALTIES, IF ANY, ARE INCLUDED IN EXPENSES IN THE STATEMENT OF ACTIVITIES. AS OF JUNE 30, 2012, THE COLLEGE HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Explanation of Government Financial Assistance Schedule E, Part I, Line 6 THE COLLEGE RECEIVES FEDERAL AND STATE FUNDS TO PROVIDE FINANCIAL AID FOR STUDENTS. Schedule E, Part I, Line 7 THE INSTITUTION'S RACIALLY NONDISCRIMINATION POLICY IS MADE AVAILABLE THROUGH LOCAL PRINT MEDIA OUTLETS AND COLLEGE AND SEMINARY CATALOGS. 0 SCHOLARSHIPS 563 9000282 ATHLETIC SCHOLARSHIPS 179 1609140 X X X 1 1 0 0 0 0 0 0 0 0 0 DAVID NORMAN 168057 0 0 0 0 0 8750 0 21948 0 198755 0 0 0 Supplemental Information Part III SCHEDULE J, PART I, LINE 1A - THE SPOUSE OF THE PRESIDENT OCCASIONALLY ACCOMPANIES HIM ON BUSINESS TRIPS. THE COLLEGE DEEMS THIS TO BE A BONA FIDE BUSINESS EXPENSE OR THE AMOUNTS ARE INCLUDED IN COMPENSATION. THE PRESIDENT IS REQUIRED TO RESIDE IN AND PROVIDED WITH HOUSING PURSUANT TO HIS CONTRACT WITH ERSKINE COLLEGE. 33400 SCHOLARSHIPS 1 individual Rebecca Magee Family member of an Officer and Director Board member 46508 Wages and benefits 0 Form 990, Part VI, Section A, line 1 The governing body delegates broad authority to an Executive Committee consisting of the Board Officers and Board Committee Chairs. The Executive Committee has full power and authority to act and to transact any business for and on behalf of the College and in the place of the Board of Trustees during the interim between meetings of the Board of Trustees except the Executive Committee may not appoint or remove Corporate Officers, nore make a bulk sale, dissolve the corporation, alter Bylwas, or authorize degrees. Form 990, Part VI, Section B, line 11 THE BOARD OF TRUSTEES OF THE INSTITUTION HAS EMPOWERED THE FINANCE COMMITTEE TO REVIEW AND APPROVE THE FORM 990 PRIOR TO FILING BY THE INSTITUTION. ADDITIONALLY, COPIES OF THE COMPLETED FORM 990 ARE MADE AVAILABLE TO ALL BOARD MEMBERS BEFORE FILING. Form 990, Part VI, Section B, line 12c THE PRESIDENT AND VICE-PRESIDENTS ARE REQUIRED TO COMPLETE CONFLICT OF INTEREST FORMS ON AN ANNUAL BASIS. ALL OTHER INSTITUTION STAFF COMPLETE THE FORMS EVERY OTHER YEAR. THESE FORMS ARE REVIEWED BY MANAGEMENT AND A REPORT IS GIVEN TO THE BOARD OF TRUSTEES EACH FALL AT THE SEMI-ANNUAL MEETING. IF A CONFLICT OF INTEREST WERE TO ARISE, ALL MATERIAL FACTS ARE DISCLOSED TO THE COMMITTEE ON TRUSTEES; THE PROPOSED CONTRACT, TRANSACTION, OR RELATIONSHIP IS EXAMINED TO DETERMINE IF IT IS IN THE BEST INTEREST OF THE COLLEGE, AND THE DECISION IS DOCUMENTED; AND THE INDIVIDUAL WHO HAS AN INTEREST EXCUSES HIM/HERSELF FROM THE DISCUSSION PRECEDING THE VOTE AND THE VOTE TO APPROVE THE PROPOSED CONTRACT OR TRANSACTION. Form 990, Part VI, Section B, line 15 THE PRESIDENT'S COMPENSATION IS REVIEWED ON AN ANNUAL BASIS AS PART OF A PERFORMANCE REVIEW BY THE BOARD OF TRUSTEES. COMPENSATION IS COMPARED AGAINST INFORMATION OBTAINED FROM FORM 990S OF OTHER INSTITUTIONS SIMILAR IN SIZE TO ERSKINE. Form 990, Part VI, Section C, line 19 DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. Form 990, Part VI, Line 11 THE BOARD OF TRUSTEES OF THE INSTITUTION HAS EMPOWERED THE FINANCE COMMITTEE TO REVIEW AND APPROVE THE FORM 990 PRIOR TO FILING BY THE INSTITUTION. ADDITIONALLY, COPIES OF THE COMPLETED FORM 990 ARE MADE AVAILABLE TO ALL BOARD MEMBERS BEFORE FILING. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 9: UNREALIZED GAIN ON INTEREST RATE SWAP 588,719. CHANGE IN VALUE OF TRUSTS & ANNUTITIES -46,125. Form 990, Part XII, Line 2c THE PROCESS FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.