2014-05-15T07:50:19-05:00 2013-06-30 BDO USA LLP 1100 Peachtree Street Suite 700 ATLANTA GA 303094516 990 2012-07-01 237434499 PAINE COLLEGE % DR GEORGE C BRADLEY PAIN 7068218200 1235 FIFTEENTH STREET Suite AUGUSTA GA 30901 Dr George C Bradley 7068218200 2014-05-14 true Sandra L Feinsmith 4046886841 2012 2015-11-30 17:44:51Z DR GEORGE C BRADLEY 1235 FIFTEENTH STREET AUGUSTA GA 30901 26695509 false X WWW.PAINE.EDU X 1882 GA TO PROVIDE A QUALITY LIBERAL ARTS EDUCATION THAT EMPHASIZES ETHICAL AND SPIRITUAL VALUES, SOCIAL RESPONSIBILITY AND PERSONAL DEVELOPMENT. 20 20 395 20 0 11111617 6967956 13680164 13299744 226978 136429 507603 169704 25526362 20573833 1316652 1133150 0 0 10975727 9968800 0 0 0 12720509 9620344 25012888 20722294 513474 -148461 33319497 37211456 14019140 17721536 19300357 19489920 PAINE COLLEGE STRIVES TO PROVIDE A QUALITY LIBERAL ARTS EDUCATION THAT EMPHASIZES ETHICAL AND SPIRITUAL VALUES, SOCIAL RESPONSIBILITY AND PERSONAL DEVELOPMENT. false false 15124274 1133150 13469448 THE PURPOSE OF THE COLLEGE IS FOR THE HIGHER EDUCATION OF STUDENTS 15124274 true true false true false false false false true true false false false true true true false true false false false false false false false false false true true false false false false false false false false false false false false false false false false false true 86 0 395 true false false false false false false false false X 20 20 false false false false false false false true true false false true true true true true true true true false GA X X DR GEORGE C BRADLEY 7068218200 1235 FIFTEENTH STREET AUGUSTA GA 30901 REV CINDY H AUTRY 5.0 0.0 X 0 0 ROBERT L BELL 1.0 0.0 X MRS HARRIET REID 1.0 0.0 X REV JAMES CASON 1.0 0.0 X MR CLAYTON P BOARDMAN 1.0 0.0 X DR CARMICHAEL CRUTCHFIELD 1.0 0.0 X DR VARNELL GAINES 1.0 0.0 X DR PHILIP THOMAS 1.0 0.0 X BISHOP MARSHALL GILMORE 1.0 0.0 X DR ORA MCCONNER JONES 1.0 0.0 X MS JESSYE NORMAN 1.0 0.0 X BISHOP JAMES R KING JR 1.0 0.0 X DR SILAS NORMAN JR 1.0 0.0 X MR DAVID PETERSON 1.0 0.0 X MARK C CALLAWAY 1.0 0.0 X DR LOUISE RICE 1.0 0.0 X REV DUMAS SHELNUTT JR 1.0 0.0 X MR FRED THOMPSON 1.0 0.0 X BISHOP BENJAMIN WATSON 1.0 0.0 X MR JABAL MOSS 1.0 0.0 X MR CHARLES G CAYE 1.0 0.0 X REV GARY DEAN 1.0 0.0 X MR WAYNE B KENDALL 1.0 0.0 X DR EDDIE R CHEEKS 1.0 0.0 X DR GEORGE C BRADLEY 40.0 0.0 X 200000 12000 BISHOP KENNETH W CARTER 1.0 0.0 X DR MARCUS TILLERY 40.0 0.0 X 120000 320000 0 12000 2 false true false Thompson Hospitality LLC 505 Hunter Park Drive HERNDON VA 20170 FOOD SERVICES 1074868 UNIVERSITY LEASE PO BOX 2509 SANTA ANA CA 92707 LEASING SERVICES 234426 JENZABAR PO BOX 845939 BOSTON MA 022845939 INFORMATION TECH 182485 R W Allen PO Box 2406 AUGUSTA GA 30903 CONSTRUCTION 122577 IKON FINANCIAL SERVICES LOCKBOX 740540 HAPEVILLE GA 30354 COPIER SERVICES 119917 6 4213438 2754518 6967956 TUITION & FEES 611710 10583714 10583714 AUXILIARY ENTERPRISES 611710 2716030 2716030 13299744 107444 107444 0 0 0 0 0 6150661 6121676 28985 28985 28985 0 0 0 OTHER INCOME 611710 169704 169704 169704 20573833 13469448 136429 0 1133150 1133150 0 0 679800 679800 0 0 8199685 6313757 1885928 0 1089315 795200 294115 0 543756 543756 51210 51210 165036 165036 138196 138196 0 109334 109334 0 46884 15003 31881 173665 98989 74676 137735 103301 34434 0 1587051 1228273 358778 690549 441951 248598 0 0 512839 512839 0 896847 896847 441286 441286 OTHER EXPENSES 2069229 2069229 AUXILIARY ENTERPRISES 1352680 1352680 ACADEMIC SUPPORT 209485 209485 PROVISION FOR DOUBTFUL ACCTS 494562 486488 8074 20722294 15124274 5598020 0 736714 694089 1304823 639325 3313120 2765777 974300 2264744 0 0 0 0 0 0 0 0 43766 74101 41790724 19395197 19485536 22395527 7062801 7741863 0 0 0 0 0 0 398437 636030 33319497 37211456 2534755 2609145 0 0 1289124 0 0 0 0 0 0 0 6449594 10393289 0 0 3745667 4719102 14019140 17721536 X 8472398 9264971 5787526 5136573 5040433 5088376 19300357 19489920 33319497 37211456 -148461 338024 X X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true 138196 138196 false SCHEDULE C, PART II-b, LINE 1i Rasky Baerlein is Paine College's strategic communications partner in Washington, D.C. that handles its federal dealings. Rasky Baerlein's extensive strategic communications and bi-partisan government relations services include; public relations, corporate communications, digital strategies, public affairs, lobbying, crisis, litigation, and reputation management, marketing communications, grassroots organizing and coalition building, media and presentation training, public sector business development and international representation. 8577776 47943 474453 430057 139117 8530998 9140647 109291 -163012 433549 75601 8577776 8269791 60516 1212760 402420 9140647 7977525 339244 546240 593218 8269791 9551999 306238 206186 1119522 967376 7977525 0.59640 0.40360 false false 1863022 1863022 29075714 11505319 17570395 615754 615754 9396978 6747277 2649701 839256 526847 312409 22395527 0 LINE OF CREDIT ARRANGEMENTS 3843521 CAPITAL LEASE OBLIGATION 623173 GOVERNMENT ADVANCES-STUDENT LOANS 252408 4719102 X 19778707 338024 338024 19440683 1133150 1133150 20573833 19589144 19589144 1133150 1133150 20722294 PART V, LINE 4 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS TEMPORARILY RESTRICTED-NET ASSETS RESULTING FROM CONTRIBUTIONS RESTRICTED BY OUTSIDE SOURCES ARE REPORTED AS TEMPORARILY RESTRICTED AND ARE DISTINGUISHED FROM UNRESTRICTED NET ASSETS ALLOCATED TO SPECIFIC PURPOSE BY ACTION OF THE GOVERNING BOARD. EXTERNALLY RESTRICTED NET ASSETS MAY ONLY BE UTILIZED IN ACCORDANCE WITH THE PURPOSES ESTABLISHED BY THE SOURCE OF NET ASSETS AND ARE IN CONTRAST WITH UNRESTRICTED NET ASSETS OVER WHICH THE GOVERNING BOARD RETAINS FULL CONTROL FOR USE IN ACHIEVING ANY OF ITS INSTITUTIONAL PURPOSES. HOWEVER, IF A RESTRICTION IS FULFILLED IN THE SAME TIME PERIOD IN WHICH THE CONTRIBUTION IS RECEIVED, THE COLLEGE REPORTS THE SUPPORT AS UNRESTRICTED. PERMANENTLY RESTRICTED- NET ASSETS ARISING FROM CONTRIBUTIONS WHICH ARE REQUIRED TO BE INVESTED AND MAINTAINED IN PERPETUITY ARE CLASSIFIED AS PERMANENTLY RESTRICTED. NET INVESTMENT INCOME ON ASSETS PLEDGED FOR PERMANENTLY RESTRICTED NET ASSETS IS CLASSIFIED AS RESTRICTED EARNINGS OR GAINS BASED ON RESTRICTIONS PLACED ON THE USE OF THE NET APPRECIATION BY THE DONOR. PART X line 2 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER asc 740 (FIN 48) The College is a tax-exempt organization for both federal and state income tax purposes under Section 501(c)(3) of the Internal Revenue Code. Appropriate federal and state information returns are filed by the College. In addition, the College qualifies for the charitable contribution deduction under Section 170(b)(1)(A) and has been classified as an organization that is not a private foundation under Section 509(a)(2). The College analyzed its tax positions for the year ended June 30, 2013 and determined that there were no uncertain tax positions that would have a material impact on the Colleges financial statements. PARTS XI & XII, LINE 4B $1,133,150 REPRESENTS INSTITUTIONAL SCHOLARSHIP ALLOWANCES true true true true true true true false false false false false false false false false false true PART I, LINE 3 PUBLICATION OF A NONDISCRIMINATION POLICY The College does not discriminate on the basis of race, color, national origin, religion, sex, disability, or age in any of its policies, procedures or practices. This is communicated on the College's website and on applications. true ATHLETIC SCHOLARSHIPS 104 628828 ACADEMIC SCHOLARSHIPS 46 207488 INSTITUTIONAL SCHOLARSHIPS & GRANTS 97 296834 PART I, LINE 2 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS THE ADMISSIONS OFFICE MAKES THE DETERMINATION FOR THE INSTITUTIONAL (SCHOLASTIC-ACADEMIC, CSRA, PRESIDENTIAL, TRANSFER) SCHOLARSHIPS. THE CRITERIA IS BASED ON HIGH SCHOOL GRADE POINT AVERAGE, ACT OR SAT SCORES, AND COLLEGE GPA AND EARNED HOURS. ONCE ADMISSIONS DETERMINES ELIGIBILITY, AWARDS ARE DISTRIBUTED BY THE FINANCIAL AID OFFICE. false false false false false false false false false DR GEORGE C BRADLEY 200000 12000 0 0 0 212000 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 WAS PRESENTED TO THE FINANCE COMMITTEE FOR THEIR APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY IT IS THE POLICY OF PAINE COLLEGE TO PROHIBIT ITS EMPLOYEES FROM ENGAGING IN ANY ACTIVITY, PRACTICE, OR ACT WHICH CONFLICTS WITH, OR APPEARS TO CONFLICT WITH, THE INTEREST OF THE COLLEGE, ITS DONORS, OR ITS CUSTOMER ORGANIZATIONS. EMPLOYEES HAVE AN OBLIGATION TO AVOID CONFLICT OF INTEREST AND THE APPEARANCE OF CONFLICT OF INTEREST AND TO REFER QUESTIONS OR CONCERNS ABOUT POTENTIAL CONFLICTS OF INTEREST TO THEIR SUPERVISOR. FORM 990, PART VI, SECTION B, LINE 14 RETENTION OF RECORDS ALL RECORDS MUST BE RETAINED FOR THE LENGTH OF TIME SPECIFIED BY THE FEDERAL OFFICE OF MANAGEMENT & BUDGET. IF ANY LITIGATION WERE INITIATED PRIOR TO THE SIX-YEAR LIMITATION, RECORDS MUST BE KEPT UNTIL THE RESOLUTION OF ALL ISSUES ARISING FROM THESE ACTIONS. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING COMPENSATION THE EXECUTIVE DIRECTOR'S COMPENSATION SHALL BE REVIEWED AND SET ANNUALLY BY THE EXECUTIVE COMMITTEE AFTER THE EXECUTIVE SESSION. FORM 990, PART VI, SECTION C, LINE 18 PAINE COLLEGE'S 990 IS POSTED ON ANOTHER'S WEBSITE. FORMS 1023 AND 990 ARE ALSO AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 PAINE COLLEGE'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. form 990, part xii, line 2c PAINE COLLEGE'S FINANCE COMMITTEE CONSITITUTES A STANDING COMMITTEE OF THE BOARD AND RECOMMENDS FOR APPROVAL OF THE BOARD, AN ACCOUNTANT OR FIRM OF ACCOUNTANTS, TO REVIEW THE FINANCIAL OPERATIONS OF THE ORGANIZATION.