PRESBYTERIAN COLLEGE: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- PRESBYTERIAN COLLEGE (EIN 57-0314408)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-05-01
- IRS object ID
- 201331229349300638
- Schema version
- 2011v1.2
- 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 C
- Schedule D
- Schedule E
- Schedule F
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-05-01T14:27:15-07:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 570314408 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PRESBYTERIAN COLLEGE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | PRES | NameControl |
| Phone | 8648338477 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 975 | AddressLine1 |
| City | Clinton | City |
| State | SC | State |
| ZIP Code | 29325 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Susan Maddux | Name |
| Title | VP for Finance and Administration | Title |
| Phone | 8648338205 | Phone |
| Date Signed | 2013-05-01 | DateSigned |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Claude C Lilly | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 503 S Broad Street | AddressLine1 |
| City | Clinton | City |
| State | SC | State |
| ZIP Code | 29325 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 68191198 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.presby.edu | WebSite |
| Type Of Organization Other | X | TypeOfOrganizationOther |
| Type Of Org Other Description | Non-Profit Organization | TypeOfOrgOtherDescription |
| Year Formation | 1880 | YearFormation |
| State Legal Domicile | SC | StateLegalDomicile |
| Activity Or Mission Description | Presbyterian College exists to provide an education in the arts and sciences within a distinctly Christian context. The purpose is set forth with the conviction that education in the liberal arts tradition can be achieved successfully only through an academic program which is characterized by excellence and through activities which contribute to growth of able minds,sound bodies, and strong moral character. The college calls for the pursuit of learning to take place in an environment of genuine intellectual freedom. Presbyterian College School of Pharmacy provides pharmacy education with a liberal arts college approach, integrating classroom learning with practical experience while emphasizing community, valuing each student, and focusing on patient care. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 36 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 35 | NbrIndependentVotingMembers |
| Total Nbr Employees | 936 | TotalNbrEmployees |
| Total Nbr Volunteers | 250 | TotalNbrVolunteers |
| Total Gross UBI | 552340 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 302744 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 11174379 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 5785257 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 48174258 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 52628760 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 3635704 | InvestmentIncomePriorYear |
| Investment Income Current Year | 1560884 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 246855 | OtherRevenuePriorYear |
| Other Revenue Current Year | 282965 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 63231196 | TotalRevenuePriorYear |
| Total Revenue Current Year | 60257866 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 22952652 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 25251551 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 22641591 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 19107337 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 1135609 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 18458635 | OtherExpensePriorYear |
| Other Expenses Current Year | 19018307 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 64052878 | TotalExpensesPriorYear |
| Total Expenses Current Year | 63377195 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -821682 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -3119329 | RevenuesLessExpensesCY |
| Total Assets BOY | 160039554 | TotalAssetsBOY |
| Total Assets EOY | 156762168 | TotalAssetsEOY |
| Total Liabilities BOY | 42629290 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 42325144 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 117410264 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 114437024 | NetAssetsOrFundBalancesEOY |
| Mission Description | Presbyterian College exists to provide an education in the arts and sciences within a distinctly Christian context. The purpose is set forth with the conviction that education in the liberal arts tradition can be achieved successfully only through an academic program which is characterized by excellence and through activities which contribute to growth of able minds,sound bodies, and strong moral character. The college calls for the pursuit of learning to take place in an environment of genuine intellectual freedom. The College opened the School of Pharmacy in the Fall of 2010. The School provides pharmacy education with a liberal arts college approach, integrating classroom learning with practical experience while emphasizing community, valuing each student, and focusing on patient care. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 58639254 | Expense |
| Grants | 25251551 | Grants |
| Revenue | 52628760 | Revenue |
| Description | Higher Education: Provision of undergraduate education for 1144 full time equivalent students and including room and board for 1127 students. Provision of pharmacy education for 157 full time equivalent students. | Description |
| Total Of Other Program Service Exp | 0 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Grnt | 0 | TotalOfOtherProgramServiceGrnt |
| Total Of Other Program Service Rev | 0 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 58639254 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 1 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 1 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 1 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 1 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 1 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 153 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 936 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 36 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 35 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 0 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Michael Chasteen | NamePerson |
| Telephone Number | 8648338477 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 503 South Broad Street | AddressLine1 |
| City | Clinton | City |
| State | SC | State |
| ZIP Code | 29325 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (53 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| William D Brearley | |||||||
| Board Member | 1 | X | 0 | 0 | 0 | ||
| Allen C McSween | |||||||
| Board Member | 1 | X | 0 | 0 | 0 | ||
| Larry W Massey | |||||||
| Board Member | 1 | X | 0 | 0 | 0 | ||
| Richard P Spencer | |||||||
| Board Member | 1 | X | 0 | 0 | 0 | ||
| William A Gray | |||||||
| Board Member | 1 | X | 0 | 0 | 0 | ||
| Robert H Hopkins | |||||||
| Board Member | 1 | X | 0 | 0 | 0 | ||
| Roland F Young | |||||||
| Board Member | 1 | X | 0 | 0 | 0 | ||
| J McNeill Singleton | |||||||
| Board Member | 1 | X | 0 | 0 | 0 | ||
| Thomas A Whitaker | |||||||
| Board Member | 1 | X | 0 | 0 | 0 | ||
| Jeffrey G Reynolds | |||||||
| Board Member | 1 | X | 0 | 0 | 0 | ||
| William B Shearer | |||||||
| Board Member | 1 | X | 0 | 0 | 0 | ||
| Thomas R Parrish | |||||||
| Board Member | 1 | X | 0 | 0 | 0 | ||
| Robert M Hicklin | |||||||
| Board Member | 1 | X | 0 | 0 | 0 | ||
| William M Matthews | |||||||
| Board Member | 1 | X | 0 | 0 | 0 | ||
| G Patrick Phillips | |||||||
| Board Member | 1 | X | 0 | 0 | 0 | ||
| James W Spradley | |||||||
| Board Member | 1 | X | 0 | 0 | 0 | ||
| Thomas L Thomason | |||||||
| Board Member | 1 | X | 0 | 0 | 0 | ||
| W Rutledge Galloway | |||||||
| Board Member | 1 | X | 0 | 0 | 0 | ||
| Charles C Heyward Sr | |||||||
| Board Member | 1 | X | 0 | 0 | 0 | ||
| James H Powell | |||||||
| Board Member | 1 | X | 0 | 0 | 0 | ||
| C Douglas Warner | |||||||
| Board Member | 1 | X | 0 | 0 | 0 | ||
| E Lane Alderman | |||||||
| Board Member | 1 | X | 0 | 0 | 0 | ||
| William D Loeble | |||||||
| Board Member | 1 | X | 0 | 0 | 0 | ||
| Eloise F Shepherd | |||||||
| Board Member | 1 | X | 0 | 0 | 0 | ||
| Austin A Adams | |||||||
| Board Member | 1 | X | 0 | 0 | 0 | ||
| Thomas H Milton | |||||||
| Board Member | 1 | X | 0 | 0 | 0 | ||
| James D Samples | |||||||
| Board Member | 1 | X | 0 | 0 | 0 | ||
| David F Parker II | |||||||
| Board Member | 1 | X | 0 | 0 | 0 | ||
| Susan C Reynolds | |||||||
| Board Member | 1 | X | 0 | 0 | 0 | ||
| James L Medford | |||||||
| Board Member | 1 | X | 0 | 0 | 0 | ||
| Kenneth R Couch | |||||||
| Board Member | 1 | X | 0 | 0 | 0 | ||
| Ernestine A Gillam | |||||||
| Board Member | 1 | X | 0 | 0 | 0 | ||
| William D S Kuhne | |||||||
| Board Member | 1 | X | 0 | 0 | 0 | ||
| Welton O'Neal | |||||||
| Board Member | 1 | X | 0 | 0 | 0 | ||
| Lonnie T Lawson | |||||||
| Board Member | 1 | X | 0 | 0 | 0 | ||
| John H Stroud | |||||||
| Board Member | 1 | X | 0 | 0 | 0 | ||
| John V Griffith | |||||||
| President | 40 | 212653 | 0 | 78076 | X | ||
| Morris M Galloway | |||||||
| EVP Finance & Administration | 40 | 114174 | 0 | 59122 | X | ||
| Robert E Staton | |||||||
| EVP External Relations | 40 | 138798 | 0 | 10182 | X | ||
| Richard E Stull | |||||||
| Dean of PC School of Pharmacy | 40 | 174311 | 0 | 26217 | X | ||
| Anita Gustafson | |||||||
| Interim Provost | 40 | 111869 | 0 | 20445 | X | ||
| Brian Reese | |||||||
| Director of Athletics | 40 | 113320 | 0 | 21835 | X | ||
| Debroah Thompson | |||||||
| VP of Enrollment and Communications | 40 | 73524 | 0 | 7719 | X | ||
| Raymond Carnley | |||||||
| VP of Advancement | 40 | 55026 | 0 | 9956 | X | ||
| John T Johnson | |||||||
| Professor | 40 | 139642 | 0 | 26279 | X | ||
| Charles S Asbill | |||||||
| Professor | 40 | 136078 | 0 | 24493 | X | ||
| L Cliff Fuhrman | |||||||
| Professor | 40 | 142306 | 0 | 9615 | X | ||
| Laura Fox | |||||||
| Professor | 40 | 123177 | 0 | 16004 | X | ||
| Lewis McKelvey | |||||||
| Professor | 40 | 120135 | 0 | 15539 | X | ||
| Harold Nichols | |||||||
| Coach | 40 | 114092 | 0 | 18796 | X | ||
| Gregory Nibert | |||||||
| Coach | 40 | 112770 | 0 | 25327 | X | ||
| Julie Sease | |||||||
| Professor | 40 | 102976 | 0 | 13592 | X | ||
| Margaret Franklin | |||||||
| Professor | 40 | 101410 | 0 | 2732 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 2086261 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 385929 | TotalOtherCompensation |
| Number Individuals GT100 K | 15 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (2 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| Brewington Contractors | |||||
| 100 Sunflower Lane | Clinton | SC | 29325 | Construction | 614079 |
| RuffaloCody LLC | |||||
| PO Box 3018 | Cedar Rapids | IA | 52406 | Enrollment Management | 219279 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 2 | NumberOfContractorsGT100K |
| Federated Campaigns | 0 | FederatedCampaigns |
| Membership Dues | 0 | MembershipDues |
| Fundraising Events | 0 | FundraisingEvents |
| Related Organizations | 0 | RelatedOrganizations |
| Government Grants | 280970 | GovernmentGrants |
| All Other Contributions | 5504287 | AllOtherContributions |
| Noncash Contributions | 176285 | NoncashContributions |
| Total Contributions | 5785257 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue | ExclusionExclusionAmount |
|---|---|---|---|---|---|
| Tuition, room and board | 611310 | 50774959 | 50774959 | 0 | $0 |
| Summer Conferences | 532000 | 192552 | 10241 | 182311 | $0 |
| Food Service and Bookstore Commission | 721310 | 251529 | 247613 | 3916 | $0 |
| Athletic Revenue | 611310 | 913094 | 849304 | 63790 | $0 |
| Other Revenue | 611310 | 496626 | 496626 | 0 | $0 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 52628760 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1319295 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1314587 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 4708 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 10873 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 10873 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 33124 | Real |
| Personal | 0 | Personal |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 121 | Real |
| Personal | 0 | Personal |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 33003 | Real |
| Personal | 0 | Personal |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 33003 | TotalRevenueColumn |
| Related Or Exempt Function Income | 33003 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 8174800 | Securities |
| Other | 0 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 7933211 | Securities |
| Other | 0 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 241589 | Securities |
| Other | 0 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 241589 | TotalRevenueColumn |
| Related Or Exempt Function Income | 241961 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | -372 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrbtns Rprtd Fundraising Events | 0 | CntrbtnsRprtdFundraisingEvents |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue | ExclusionExclusionAmount |
|---|---|---|---|---|---|
| Standard Candy K-1 | 311000 | 287114 | 0 | 287114 | $0 |
| Other K-1s | 900099 | -48025 | -48025 | 0 | $0 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 239089 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 60257866 | TotalRevenueColumn |
| Related Or Exempt Function Income | 53920269 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 552340 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 25251551 | Total |
| Program Services | 25251551 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 632216 | Total |
| Program Services | 265540 | ProgramServices |
| Management And General | 242986 | ManagementAndGeneral |
| Fundraising | 123690 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14899809 | Total |
| Program Services | 12960369 | ProgramServices |
| Management And General | 1390385 | ManagementAndGeneral |
| Fundraising | 549055 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 919883 | Total |
| Program Services | 751781 | ProgramServices |
| Management And General | 117122 | ManagementAndGeneral |
| Fundraising | 50980 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1596413 | Total |
| Program Services | 1467614 | ProgramServices |
| Management And General | 90798 | ManagementAndGeneral |
| Fundraising | 38001 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1059016 | Total |
| Program Services | 904401 | ProgramServices |
| Management And General | 105840 | ManagementAndGeneral |
| Fundraising | 48775 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 67905 | Total |
| Program Services | 4509 | ProgramServices |
| Management And General | 63396 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 66850 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 66850 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Fundraising | 0 | Fundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 45468 | Total |
| Program Services | 45468 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3046402 | Total |
| Program Services | 2721660 | ProgramServices |
| Management And General | 312478 | ManagementAndGeneral |
| Fundraising | 12264 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 21260 | Total |
| Program Services | 11117 | ProgramServices |
| Management And General | 10036 | ManagementAndGeneral |
| Fundraising | 107 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1754378 | Total |
| Program Services | 1629318 | ProgramServices |
| Management And General | 34829 | ManagementAndGeneral |
| Fundraising | 90231 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 308334 | Total |
| Program Services | 181998 | ProgramServices |
| Management And General | 108233 | ManagementAndGeneral |
| Fundraising | 18103 | Fundraising |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2498437 | Total |
| Program Services | 2328927 | ProgramServices |
| Management And General | 158695 | ManagementAndGeneral |
| Fundraising | 10815 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2046989 | Total |
| Program Services | 1954363 | ProgramServices |
| Management And General | 68590 | ManagementAndGeneral |
| Fundraising | 24036 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 31785 | Total |
| Program Services | 28055 | ProgramServices |
| Management And General | 3645 | ManagementAndGeneral |
| Fundraising | 85 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 985322 | Total |
| Program Services | 959285 | ProgramServices |
| Management And General | 20858 | ManagementAndGeneral |
| Fundraising | 5179 | Fundraising |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3471786 | Total |
| Program Services | 3245536 | ProgramServices |
| Management And General | 202960 | ManagementAndGeneral |
| Fundraising | 23290 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 536060 | Total |
| Program Services | 350250 | ProgramServices |
| Management And General | 176985 | ManagementAndGeneral |
| Fundraising | 8825 | Fundraising |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| Equipments | 513971 | 388832 | 109349 | 15790 |
| Dining Hall Charges and Food | 2706013 | 2596440 | 44026 | 65547 |
| Bad Debts | 93472 | 0 | 93472 | 0 |
| Other Miscellaneous Expenses | 823875 | 592240 | 180799 | 50836 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 63377195 | Total |
| Program Services | 58639254 | ProgramServices |
| Management And General | 3602332 | ManagementAndGeneral |
| Fundraising | 1135609 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5724359 | BOY |
| EOY | 5227956 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5925386 | BOY |
| EOY | 5489905 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 325766 | BOY |
| EOY | 247804 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 767542 | BOY |
| EOY | 773404 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 24983 | BOY |
| EOY | 18825 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 535108 | BOY |
| EOY | 736501 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 102376664 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 43687753 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 52521175 | BOY |
| EOY | 58688911 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 75794724 | BOY |
| EOY | 75841106 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1154934 | BOY |
| EOY | 1511300 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 97473 | BOY |
| EOY | 97473 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17168104 | BOY |
| EOY | 8128983 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 160039554 | BOY |
| EOY | 156762168 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7141023 | BOY |
| EOY | 6920763 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21493 | BOY |
| EOY | 11693 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 33415000 | BOY |
| EOY | 34591000 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1250000 | BOY |
| EOY | 0 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 801774 | BOY |
| EOY | 801688 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 42629290 | BOY |
| EOY | 42325144 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21847739 | BOY |
| EOY | 19386581 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12346169 | BOY |
| EOY | 10313135 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 83216356 | BOY |
| EOY | 84737308 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 117410264 | BOY |
| EOY | 114437024 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 160039554 | BOY |
| EOY | 156762168 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -3119329 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 146089 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| 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) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 1 | Volunteers |
| Paid Staff Or Management | 0 | PaidStaffOrManagement |
| Media Advertisements | 0 | MediaAdvertisements |
| Mailings Members | 1 | MailingsMembers |
| Mailings Members | $200 | MailingsMembersAmount |
| Publications Or Broadcast | 0 | PublicationsOrBroadcast |
| Grants Other Organizations | 0 | GrantsOtherOrganizations |
| Direct Contact Legislators | 1 | DirectContactLegislators |
| Direct Contact Legislators | $150 | DirectContactLegislatorsAmount |
| Rallies Demonstrations | 1 | RalliesDemonstrations |
| Rallies Demonstrations | $0 | RalliesDemonstrationsAmount |
| Other Activities | 0 | OtherActivities |
| Total Lobbying Expenditures IIB | 350 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | 0 | NotDescribedIn501c3 |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SchC_P2B_S00_L01 | Identifier |
| Return Reference | Schedule C, Part II-B, Line 1 | ReturnReference |
| Explanation | Presbyterian College, as one of twenty members of South Carolina Independent Colleges and Universities (SCICU) and in conjunction with the South Carolina Higher Education Tuition Grants Commission, participates in the Tuition Grants Awareness program sponsored by there two organizations. The College students take part in an annual letter writing campaign, sharing with their respective state legislators the benefits that tuition grants have afforded the students. These letters precede South Carolina Independent College and University Day-proclaimed each spring by the governor-when several PC students visit the state house as guests along with other students from SCICU member institutions. A reception sponsored by SCICU affords the students an opportunity to meet their legislators, and they are also recognized as special guests in both the house and senate chambers. | Explanation |
Schedule D IRS990ScheduleD
Art Public Exhibition Amts ArtPublicExhibitionAmts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenues Included | 0 | RevenuesIncluded |
| Assets In Part X | 8664080 | AssetsInPartX |
Held Works Of Art Amts HeldWorksOfArtAmts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenues Included | 0 | RevenuesIncluded |
| Assets In Part X | 0 | AssetsInPartX |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Scholar Research | X | CollectUsedForScholarResearch |
| Solicited Assets For Sale | 0 | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 74965735 | BeginningOfYearBalance |
| Contributions | 4047147 | Contributions |
| Investment Earnings Or Losses | 1224323 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 3419289 | GrantsOrScholarships |
| Other Expenditures | 1724900 | OtherExpenditures |
| Administrative Expenses | 83041 | AdministrativeExpenses |
| End Of Year Balance | 75009975 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 65694233 | BeginningOfYearBalance |
| Contributions | 3811664 | Contributions |
| Investment Earnings Or Losses | 13098422 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 5332248 | GrantsOrScholarships |
| Other Expenditures | 2180953 | OtherExpenditures |
| Administrative Expenses | 125383 | AdministrativeExpenses |
| End Of Year Balance | 74965735 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 58859154 | BeginningOfYearBalance |
| Contributions | 3231627 | Contributions |
| Investment Earnings Or Losses | 7783731 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 2489344 | GrantsOrScholarships |
| Other Expenditures | 1462695 | OtherExpenditures |
| Administrative Expenses | 228240 | AdministrativeExpenses |
| End Of Year Balance | 65694233 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 84028567 | BeginningOfYearBalance |
| Contributions | 2843755 | Contributions |
| Investment Earnings Or Losses | -22563862 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 3229583 | GrantsOrScholarships |
| Other Expenditures | 1936877 | OtherExpenditures |
| Administrative Expenses | 282846 | AdministrativeExpenses |
| End Of Year Balance | 58859154 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.07 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.93 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 1 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 4201159 | OtherCostOrOtherBasis |
| Book Value | 4201159 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 80333985 | OtherCostOrOtherBasis |
| Depreciation | 35606001 | Depreciation |
| Book Value | 44727984 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 0 | OtherCostOrOtherBasis |
| Depreciation | 0 | Depreciation |
| Book Value | 0 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 7965116 | OtherCostOrOtherBasis |
| Depreciation | 8057312 | Depreciation |
| Book Value | -92196 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 9876404 | OtherCostOrOtherBasis |
| Depreciation | 24440 | Depreciation |
| Book Value | 9851964 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 58688911 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets (3 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| Trust Fund Assets | 4887845 |
| Contributions Receivable from Trusts | 2198607 |
| Other Assets | 1042531 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 8128983 | TotalBookValueOtherAssets |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| Advances from Federal Government | $799,698 |
| Trust Liabilities | $1,990 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 801688 | TotalOfAmounts |
| Total Revenue | 60257866 | TotalRevenue |
| Total Expenses | 63377195 | TotalExpenses |
| Excess Or Deficit For Year | -3119329 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -276661 | NetUnrealizedGLOnInvestments |
| Donated Services And Facilities | 0 | DonatedServicesAndFacilities |
| Investment Expenses | 0 | InvestmentExpenses |
| Prior Period Adjustments | 0 | PriorPeriodAdjustments |
| Other | $392,606 | OtherAmount |
| Total Adjustments | 115945 | TotalAdjustments |
| Excess Or Deficit Per FS | -3003384 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 35038239 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -276661 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 0 | DonatedSrvcAndUseOfFacilities |
| Recoveries Of Prior Year Grants | 0 | RecoveriesOfPriorYearGrants |
| Other Revenues | -30144 | OtherRevenues |
| Revenue Not Rptd F990 | -306805 | RevenueNotRptdF990 |
| Revenue Subtotal | 35345044 | RevenueSubtotal |
| Investment Expenses Not Included | 45468 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | 24867354 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 24912822 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 60257866 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 38041624 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 0 | DonatedServicesUseOfFacilities |
| Prior Year Adjustments | 0 | PriorYearAdjustments |
| Losses Reported | 0 | LossesReported |
| Other Expenses Included | 0 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 38041624 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 45468 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 25290103 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 25335571 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 63377195 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (7 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| SchD_P03_S00_L04 | Schedule D, Part III, Line 4 | The College's collections are made up of library books, artifacts of historical significance and art objects. These collections are held for public exhibition, education and research. |
| SchD_P05_S00_L04 | Schedule D, Part V, Line 4 | The College's endowment consists of approximately 759 individual funds established for a variety of purposes including scholarships and support of academic and sports programs. |
| SchD_P10_S00_L02 | Schedule D, Part X, Line 2 | The Internal Revenue Service has determined that the College is exempt fromm federal income taxes under Section 501(a) of the Internal Revenue Code as an organization described in Section 501(c)(3). Due to this determination, the College is also exempt from state income taxes. The College is subject to federal and state income tax on its net unrelated business income. The college adopted the provisions of FASB guildance on income taxes related to the accounting for uncertainty in income taxes. This guidance clarifies accounting for uncertainty in a tax position taken or expected to be taken by an entity and hence in the income taxes recognized in financial statements. Essentially, the College would record a liability if it took a position about taxes due that was likely to be disputed and had a reasonable chance of being overruled by a taxing authority. Managment believes there are no such positions as of June 30, 2012 and 2011 and accordingly, no liability has been accrued. Tax years ended June 30, 2009 or later remain open to examination by taxing authority. |
| SchD_P11_S00_L08 | Schedule D, Part XI, Line 8 | K-1 Revenue and Expenses: $422,750; Foundation Revenues: ($30,144). |
| SchD_P12_S00_L02d | Schedule D, Part XII, Line 2d | Foundation Revenues: $30,144 |
| SchD_P12_S00_L04b | Schedule D, Part XII, Line 4b | Scholarships: $25,251,551; K-1 Revenues: ($384,197) |
| SchD_P13_S00_L04b | Schedule D, Part XIII, Line 4b | Scholarships: $25,251,551; K-1 Expenses: $38,552 |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| SchE_P01_S00_L03 | Schedule E, Part I, Line 3 | The College publishes in the offical recruiting literature the following: Presbyterian College does not discriminate against any applicant or student on the basis of race, sex, religion, national origin or handicap. |
| SchE_P01_S00_L06 | Schedule E, Part I, Line 6 | Presbyterian College students may receive title IV aid, federal loans and/or SC tuition grant assistance. |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable (4 entries)
| RegionRegion | Number Of OfficesNumberOfOffices | Number Of EmployeesNumberOfEmployees | Type Of Activities ConductedTypeOfActivitiesConducted | Specific Services ProvidedSpecificServicesProvided | Total ExpendituresTotalExpenditures |
|---|---|---|---|---|---|
| East Asia and the Pacific | 0 | 2 | Program Services | Travel expenses for students and faculty members as part of their educational program. | 80210 |
| Europe (including Iceland and Greenland) | 0 | 6 | Program Services | Travel expenses for students and faculty going to various European destinations as part of their educational program. | 111624 |
| South America | 0 | 2 | Program Services | Travel expenses for students and faculty members as part of their educational program. | 1974 |
| Central America and the Caribbean | 0 | 2 | Program Services | Travel expenses for students and faculty as part of their educational program. | 21720 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Number Of Offices | 0 | TotalNumberOfOffices |
| Total Number Of Employees | 12 | TotalNumberOfEmployees |
| Total Amount Spent | 215528 | TotalAmountSpent |
| Transfer To Foreign Corp | 0 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 0 | OwnForeignCorp |
| Passive Foreign Invest Co | 0 | PassiveForeignInvestCo |
| Foreign Partnership | 0 | ForeignPartnership |
| Boycott Countries | 0 | BoycottCountries |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | Scholarships to attend Presbyterian College | TypeOfGrant |
| Number Of Recipients | 1178 | NumberOfRecipients |
| Amount Of Cash Grant | 25251551 | AmountOfCashGrant |
| Amount Of Non Cash Assistance | 0 | AmountOfNonCashAssistance |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SchI_P01_S00_L02 | Identifier |
| Return Reference | Schedule I, Part I, Line 2 | ReturnReference |
| Explanation | Presbyterian College awards scholarships to its students. Scholarships are awarded by the Office of Financial Aid who is responsible for matching recipients with the eligible scholarship awards. Scholarships are reviewed annually to monitor compliance with the terms of the scholarships. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (6 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| John V Griffith | |||||||||||||
| 197153 | 0 | 0 | 0 | 15500 | 0 | 19550 | 0 | 58526 | 0 | 290729 | 0 | 0 | 0 |
| Morris M Galloway | |||||||||||||
| 99174 | 0 | 0 | 0 | 15000 | 0 | 8483 | 0 | 50639 | 0 | 173296 | 0 | 0 | 0 |
| Richard E Stull | |||||||||||||
| 169791 | 0 | 0 | 0 | 4520 | 0 | 10273 | 0 | 15944 | 0 | 200528 | 0 | 0 | 0 |
| John T Johnson | |||||||||||||
| 136334 | 0 | 0 | 0 | 3308 | 0 | 7938 | 0 | 18341 | 0 | 165921 | 0 | 0 | 0 |
| Charles S Asbill | |||||||||||||
| 132881 | 0 | 0 | 0 | 3197 | 0 | 7673 | 0 | 16820 | 0 | 160571 | 0 | 0 | 0 |
| L Cliff Fuhrman | |||||||||||||
| 139642 | 0 | 0 | 0 | 2664 | 0 | 0 | 0 | 9615 | 0 | 151921 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| SchJ_P01_S00_L01a | Schedule J, Part I, Line 1a | The President is a minister. As part of his call in lieu of a manse, he is provided a housing allowance. Club membership is used for entertaining donors and others on College business. |
| SchJ_P01_S00_L03 | Schedule J, Part I, Line 3 | The President's compensation is determined by the Executive Committee of the Board of Trustees after reviewing end of the year evaluation. The process is part of a two day meeting in August. The salary is compared with CUPA data for a comparison on set of schools. |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (3 entries)
| Business Name Line2IssuerName/BusinessNameLine2 | Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|---|
| Education Facilities Authority for Private Non-profit | ||||||||
| Institution of Higher Education | 576000286 | CUSIPNONE | 2009-08-05 | 23500000 | Refund $27,000,000 bond partially | 0 | 0 | 0 |
| Education Facilities Authority for Private Non-profit | ||||||||
| Institution of Higher Education | 576000286 | CUSIPNONE | 2010-07-30 | 3550000 | Refund $27,000,000 bond partially | 0 | 0 | 0 |
| Education Facilities Authority for Private Nonprofit | ||||||||
| Institution of Higher Education | 576000286 | CUSIPNONE | 2011-12-21 | 7871000 | Refund prior Pharmacy bond and refinance bank loan | 0 | 0 | 0 |
Form990 Schedule K Part II Form990ScheduleKPartII (3 entries)
| Amount RetiredAmountRetired | Amount Bond DefeasedAmountBondDefeased | Total ProceedsTotalProceeds | Amount In Reserve FundAmountInReserveFund | Capitalized InterestCapitalizedInterest | Refunding EscrowRefundingEscrow | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Credit EnhancementCreditEnhancement | Working Capital ExpendituresWorkingCapitalExpenditures | Capital ExpendituresCapitalExpenditures | Other Spent ProceedsOtherSpentProceeds | Amount UnspentAmountUnspent | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 330000 | 0 | 23500000 | 0 | 0 | 0 | 0 | 0 | 0 | 23500000 | 0 | 0 | 2009 | 1 | 0 | 1 | 1 |
| 0 | 0 | 3550000 | 0 | 0 | 0 | 50000 | 0 | 0 | 3500000 | 0 | 0 | 2009 | 1 | 0 | 1 | 1 |
| 0 | 0 | 7871000 | 0 | 0 | 0 | 114580 | 0 | 0 | 7756420 | 0 | 0 | 2010 | 1 | 0 | 1 | 1 |
Form990 Schedule K Part III Form990ScheduleKPartIII (3 entries)
| Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Engage Bond Counsel ContractsEngageBondCounselContracts | Any Research AgreementsAnyResearchAgreements | Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers | Percentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBI | Total Private Business UseTotalPrivateBusinessUse | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 1 |
| 0 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 1 |
| 0 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 1 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (3 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Term Of HedgeTermOfHedge | Superintegrated HedgeSuperintegratedHedge | Hedge TerminatedHedgeTerminated | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate |
|---|---|---|---|---|---|---|---|---|
| SunTrust | ||||||||
| 1 | 1 | 1 | 5 | 0 | 0 | 0 | 0 | 0 |
| (no name) | ||||||||
| 0 | 1 | 0 | 0 | 0 | 0 | |||
| (no name) | ||||||||
| 0 | 1 | 0 | 0 | 0 | 0 | |||
Schedule L IRS990ScheduleL
Form990 Schedule L Part III Form990ScheduleLPartIII (2 entries)
| Name Of Interested PersonNameOfInterestedPerson | Relationship With OrganizationRelationshipWithOrganization | Amount Of GrantAmountOfGrant |
|---|---|---|
| Tuition Discount | Children of officers | 28680 |
| Merit Scholarships | Children of Officers/Board Members | 18000 |
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Thomas R Parrish BBT Insurance | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | Board of Trustees | Relationship |
| Amount Of Transaction | 376091 | AmountOfTransaction |
| Description Of Transaction | Premium paid on insurance | DescriptionOfTransaction |
| Sharing Of Revenues | 0 | SharingOfRevenues |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 25 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 173645 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Description | Donated supplies | Description |
| Number Of Contributions | 2 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 2640 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Cost | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| F990_P06_S0B_L11b | Form 990, Part VI, Section B, Line 11b | The institution's form 990 is prepared in the College's accounting office, then reviewed by the Controller, the EVP for Finance, and the President. The Form 990, including all schedules, is provided to the Audit Committee of the Board of Trustees and is an agenda item for a meeting of the Audit Committee, where those trustees ask any questions they have of the College staff. The trustees on the Audit Committee are independent and experienced in financial matters. After review by external tax advisors, the institution provides the final form 990 and all schedules except schedule B to all voting members of the governing board before the form is filed. (A redacted version of Schedule B, excluding donor names and addresses is provided to all trustees. Audit Committee members, however, would have already reviewed the un-redacted version of Schedule B, as noted above.) |
| F990_P06_S0B_L12c | Form 990, Part VI, Section B, Line 12c | Board of Trustees, College officers and other employees complete a Conflict of Interest Form on an annual basis. Forms are reviewed by the College President and the EVP of Finance and Administration. Board members with conflicts recuse themselves from related decisions. |
| F990_P06_S0B_L15 | Form 990, Part VI, Section B, Line 15 | The President's compensation is determined by the Executive Committee of the Board of Trustees after reviewing end of the year evaluation. The process is part of a two day meeting in August. Salary is compared with CUPA data for a comparison set of schools. Officer salaries are determined by the College President based on a mid-year and end-of-year evaluation of satisfactory achievement of goals and objectives. CUPA data for a comparison group of schools for similiar positions is also considered. Officer salaries and comparative CUPA data are presented to both the Executive and Human Resource Committee of the Board. All of these decisions are documentated in agendas and records of the appropriate committees and in the personnel files. |
| F990_P06_S0C_L19 | Form 990, Part VI, Section C, Line 19 | The College's governing documents, Conflict of Interest policy and audited financial statements are avaliable for inspection. |
| F990_P11_S00_L05 | Form 990, Part XI, Line 5 | k-1 revenue and expenses: $422,750; Unrealized losses: ($276,661) |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Direct Controlling Entity NADirectControllingEntityNA |
|---|---|---|---|---|---|---|---|---|---|
| Presbyterian College Foundation | |||||||||
| P O Box 975 | Clinton | SC | 29325 | 571021640 | Foundation exists to benefit Presbyterian College which provides higher education to 1133 students. | SC | 501(c)(3) | 11-Type II | N/A |
| Presbyterian Real Estate Foundation | |||||||||
| P O Box 975 | Clinton | SC | 29325 | 571021641 | Foundation exists to benefit Prebyterian College which provides higher education to 1133 students. | SC | 501(c)(3) | 11-Type II | N/A |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (2 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved |
|---|---|
| Presbyterian College Foundation | |
| n | 0 |
| Presbyterian Real Estate Foundation | |
| n | 0 |
Form990 Schedule R Part VII Form990ScheduleRPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SchR_P05_S00_L02 | Identifier |
| Return Reference | Schedule R, Part V, Line 2 | ReturnReference |
| Explanation | The College's employees do a nominal amount of work for the PC Foundation and the PC RE Foundation, at no cost to either entity. | Explanation |
Comments