2012-05-07T08:07:00-05:00 2011-06-30 CHERRY BEKAERT & HOLLAND LLP 1111 METROPOLITAN AVENUE CHARLOTTE NC 28204 990 2010-07-01 570314374 CLAFLIN UNIVERSITY CLAF 8035355413 400 MAGNOLIA ST ORANGEBURG SC 29115 TIJUANA HUDSON 8035355413 2012-05-03 1 JANICE A RATICA 7043771678 2010 2016-02-24 21:20:13Z DR HENRY N TISDALE 400 MAGNOLIA ST ORANGEBURG SC 29115 63722962 0 X WWW.CLAFLIN.EDU X 1869 SC CLAFLIN UNIVERSITY IS AN INDEPENDENT, LIBERAL ARTS, CO-EDUCATIONAL, HISTORICALLY BLACK INSTITUTION THAT IS AFFILIATED WITH THE UNITED METHODIST CHURCH. IT IS DEDICATED TO EDUCATIONAL EXCELLENCE AND TO PREPARING STUDENTS WITHOUT REGARD TO GENDER, RACE, RELIGION OR ETHNIC ORIGIN. IT IS COMMITTED TO OFFERING QUALITY UNDERGRADUATE PROGRAMS, SELECT GRADUATE PROGRAMS, AND VIABLE CONTINUING EDUCATION OPPORTUNITIES. IN FISCAL YEAR 2011, APPROXIMATELY 1,920 STUDENTS WERE ENROLLED AT THE UNIVERSITY. 22 21 1151 21 26628 0 18176844 17999684 30695753 34061208 450516 1463153 -48066 -58494 49275047 53465551 4641613 6037218 0 0 21415438 23059670 183631 102448 1012106 19239681 21753846 45480363 50953182 3794684 2512369 78819148 81430249 31584907 29593796 47234241 51836453 X CLAFLIN IS COMMITTED TO EXCELLENCE IN TEACHING, RESEARCH, AND CREATIVE EXPRESSION. WE ARE GUIDED BY A SET OF PRINCIPLES THAT HELP US WORK TOWARD OUR GOAL OF EQUIPPING STUDENTS WITH THE NECESSARY TOOLS FOR PERSONAL AND PROFESSIONAL GROWTH. WE ARE COMMITTED TO OFFERING QUALITY UNDERGRADUATE PROGRAMS, INNOVATIVE GRADUATE PROGRAMS, AND VIABLE CONTINUING EDUCATION OPPORTUNITIES. BY DESIGN, WE HAVE EMERGED AS A NATIONAL LEADER IN COMPREHENSIVE EDUCATION AND CONTINUE TO ENGAGE IN A STRATEGIC PLAN WHICH OUTLINES AN ENHANCED VISION OF ACADEMIC EXCELLENCE WITH GREATER EMPHASIS ON RESEARCH, SCHOLARLY CONTRIBUTIONS AND CREATIVE ACTIVITY. 0 0 36278324 6037218 34034580 PROVIDE EDUCATIONAL OPPORTUNITY FOR STUDENTS OF POTENTIAL WHO DESIRE A LIBERAL ARTS EDUCATION WITHIN A CHRISTIAN ENVIRONMENT. IN FISCAL YEAR 2011, APPROXIMATELY 1,920 STUDENTS WERE ENROLLED AT THE UNIVERSITY. 36278324 1 1 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1367 0 1151 1 1 1 0 0 0 0 0 0 0 0 0 X 22 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 SC X TIJUANA HUDSON 8035355197 400 MAGNOLIA STREET ORANGEBURG SC 29115 PAUL V FANT 0.50 X X 0 0 0 REV HUGH A WESTBROOK 0.50 X X 0 0 0 MS CAROLINE N WATSON 0.50 X X 0 0 0 MS NANCY WILSON YOUNG 0.50 X X 0 0 0 MR JAMES A BENNETT 0.50 X 0 0 0 MR CALVIN ELAM 0.50 X 0 0 0 MR TED CREECH 0.50 X 0 0 0 MR DAVID CAMPBELL 0.50 X 0 0 0 MR MICHAEL R BRENAN 0.50 X 0 0 0 MR MOSES L HARVIN 0.50 X 0 0 0 DR ALBERT HUMPHREY 0.50 X 0 0 0 DR CAROLYN JENKINS 0.50 X 0 0 0 MS MATTIE M MALLORY 0.50 X 0 0 0 REV LARRY D MCCUTCHEON 0.50 X 0 0 0 MS CYNTHIA ANDERSON 0.50 X 0 0 0 MR GREGORY A CUMMINGS 0.50 X 0 0 0 MR GREG N FRIESON 0.50 X 0 0 0 MS VIRGINIA MAXWELL GROSE 0.50 X 0 0 0 MR ISAAC TEMPLETON JR 0.50 X 0 0 0 MR MARSHALL CLARKE 0.50 X 0 0 0 MR C JOHN HIPP III 0.50 X 0 0 0 MR KENNETH E MIDDLETON 0.50 X 0 0 0 HENRY N TISDALE 40.00 X 297436 0 67910 JOSEPH DELEON MCDUFFIE 40.00 X 165650 0 2814 GEORGE ELWOOD MILLER 40.00 X 197924 0 10665 ZIA HASAN 40.00 X 151850 0 0 LEROY A DURANT 40.00 X 135974 0 0 WHITTAKER VERNON MIDDLETON 40.00 X 133725 0 0 DREXEL BERNARD BALL 40.00 X 120000 0 7645 BAGASRA OMAR 40.00 X 126409 0 8114 1328968 0 97148 16 0 1 0 SODEXHO INC & AFFLIATES PO BOX 352 BUFFALO NY 14240 FOOD & PLANT SERVICES 5448166 SUMMERFIELD ASSOCIATES INC 315 DREHER ROAD WEST COLUMBIA SC 29171 CONSTRUCTION 1571611 PDA DESIGN SERVICES INC 25350 HIGHWAY 101 SOUTH GREER SC 29651 ARCHITECTURAL SERVICES 996503 VISTA DESIGN GROUP 7001 ST ANDREWS ROAD 374 COLUMBIA SC 29210 ENGINEERING SERVICES 507815 HORGER BARNWELL & REID LLP PO DRAWER 329 ORANGEBURG SC 29115 LEGAL SERVICES 378281 12 159156 14551350 3289178 17999684 TUITION AND FEES 900099 24809950 24809950 ROOM AND BOARD FEES 900099 8695497 8695497 OTHER REVENUE 900099 555761 529133 26628 34061208 473111 473111 11162701 10172659 990042 990042 990042 26258 159156 84752 -58494 -58494 53465551 34034580 26628 1404659 6037218 6037218 742399 742399 19077139 14785188 3677386 614565 710646 425649 259327 25670 1153810 794770 344852 14188 1375676 1034170 295799 45707 102448 102448 5600923 2776818 2821411 2694 70882 42659 25886 2337 3690090 2867964 755031 67095 2137169 473011 1631925 32233 1426511 1109506 231822 85183 382322 284633 97689 2622349 1949236 673113 603153 68866 534287 REPAIRS & MAINTENANCE 2765401 1880902 884499 MISCELLANEOUS EXPENSES 2182448 1682384 483289 16775 INVESTMENT ADVISORY FEE 173604 173604 HONORARIA 60977 53090 4676 3211 EDUCATION TRAINING 38017 12260 25757 50953182 36278324 13662752 1012106 1027198 682155 495309 379725 7555185 6335243 812869 818775 1118414 1204729 231014 212698 85090634 33229995 50486577 51860639 13801590 3032306 19684267 258686 252018 78819148 81430249 6708356 5797811 2800629 2791525 17530000 16895000 701000 403000 3844922 3706460 31584907 29593796 X 23257170 25299557 7457098 8776662 16519973 17760234 47234241 51836453 78819148 81430249 X 2512369 2089843 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 10876199 1210620 2005586 1212948 12879457 9419818 867897 777356 188872 10876199 9637315 1570951 -1344267 444181 9419818 0.02410 0.97590 0 0 933302 933302 59770876 23873640 35897236 23424897 9356355 14068542 961559 961559 51860639 MONEY FUNDS 314099 F UMC BOARD OF HIGHER ED COLLEGE FUND ENDOW 313730 F UMC BOARD OF HIGHER ED INVESTMENT POOL 912440 F MONEY MARKET & PASSBOOK SAVINGS 1105660 F FUNDS HELD IN TRUSTS 381316 F CORPORATE STOCKS 6934140 F CORPORATE BONDS 3599390 F GOVERNMENT BONDS 1149029 F MUTUAL FUNDS 4622893 F ALTERNATIVE INVESTMENTS 351570 F 19684267 DEPOSITS HELD IN CUSTODY FOR OTHERS 924125 U. S. DEPARTMENT OF EDUCATION REFUNDABLE ADVANCES 1266290 OBLIGATIONS UNDER CAPITAL LEASE 739497 OTHER LIABLITIES 776548 3706460 53465551 50953182 2512369 1965178 124665 2089843 4602212 46049932 -6037218 -6037218 52087150 1378401 1378401 53465551 44827112 84752 84752 44742360 173604 6037218 6210822 50953182 PART III, LINE 4: THE MUSEUM, AS WELL AS POINTS ABOUT THE CAMPUS GROUNDS, CONTAIN BOTH PERMANENT AND ONGOING ART EXHIBITS AND ARE OPEN TO UNIVERSITY STUDENTS AND THE PUBLIC. PUBLIC SCHOOL STUDENTS AND THE LOCAL COMMUNITY OFTEN VISIT THE MUSEUM AND OTHER PARTS OF THE CAMPUS WHERE ART IS EXHIBITED. THE MUSEUM IS AN INTEGRAL PART OF OUR PEDAGOGY FOR STUDENTS MAJORING IN ART, AS WELL AS ALL OTHER STUDENTS. THE MUSEUM COLLECTION, AND OTHER ART ABOUT THE CAMPUS, FURTHER SUPPORT THE MISSION OF THE UNIVERSITY BY PROVIDING VALUABLE EXPOSURE TO THE ARTS FOR OUR STUDENTS AND WORKING TO PRESERVE THE ARTS FOR FUTURE GENERATIONS. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ENDOWMENT FUNDS ARE ESTABLISHED FOR A VARIETY OF EDUCATIONAL PURPOSES BASED ON DONOR-IMPOSED RESTRICTIONS IN THE GIFT. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE UNIVERSITY IS EXEMPT FROM FEDERAL AND STATE INCOME TAXATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, CERTAIN INCOME UNRELATED TO ITS EXEMPT FUNCTION IS SUBJECT TO INCOME TAXATION. THE UNIVERSITY FOLLOWS THE FASB ACCOUNTING STANDARDS CODIFICATION TOPIC ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS BY PRESCRIBING A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE UNIVERSITY'S POLICY IS TO RECORD A LIABILITY FOR ANY TAX POSITION TAKEN THAT IS BENEFICIAL TO THE UNIVERSITY, INCLUDING ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT THE POSITION TAKEN BY MANAGEMENT WITH RESPECT TO A TRANSACTION OR CLASS OF TRANSACTIONS WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT BELIEVES THERE ARE NO SUCH POSITIONS AS OF JUNE 30, 2011 AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN BENEFICIAL INTEREST IN TRUST 47,411. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 77,254. PART XII, LINE 2D - OTHER ADJUSTMENTS: TUITION DISCOUNTS SHOWN AS NET OF REVENUE ON FINANCIAL STATEMENTS -6,037,218. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT INCOME SHOWN AS NON-OPERATING ITEMS ON FINANCIALS 473,111. GAIN ON SALE OF SECURITIES SHOWN AS NON-OPERATING ITEM ON FINANCIALS 990,042. FUNDRAISING EXPENSES SHOWN NET OF REVENUE ON 990 -84,752. PART XIII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES SHOWN NET OF REVENUE ON 990 84,752. PART XIII, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNTS SHOWN AS NET OF REVENUE ON FINANCIAL STATEMENTS 6,037,218. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 NON-DISCRIMINATION STATEMENTS ARE PRINTED ON THE APPLICATION FOR ADMISSIONS AND COLLEGE BROCHURE MATERIALS. IT IS ALSO BROADCAST IN MEDIA AND NEWSPAPER ON AN ANNUAL BASIS. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 CLAFLIN UNIVERSITY RECEIVES FINANCIAL AID AND/OR ASSISTANCE FROM VARIOUS AGENCIES OF THE UNITED STATES AND AGENCIES OF THE GOVERNMENT OF THE STATE OF SOUTH CAROLINA. THE FINANCIAL AID AND/OR ASSISTANCE IS FOR RESEARCH PERFORMED BY PROFESSORS OF THE UNIVERSITY FOR VARIOUS AGENCIES. OTHER FINANCIAL AID AND/OR ASSISTANCE ARE PASSTHROUGH FUNDS OF THE TITLE IV AND/OR STATE OF SOUTH CAROLINA FINANCIAL AID FOR ITS STUDENTS, AS WELL AS AGENCY FUNDS WHEREBY THE UNIVERSITY IS A DISBURSING AGENT ACTING ON BEHALF OF A GOVERNMENT AGENCY. X X X X X X 1 CARNEGIE COMMUNICATIONS 2 LAN DRIVE SUITE 120 WESTFORD MA 01886 SUPPORT THE UNIVERSITY IN FUNDRAISING EFFORTS 0 0 47686 -47686 SKYSTONE RYAN INC 635 WEST SEVENTH STREET SUITE 107 CINCINNATI OH 45203 SUPPORT THE UNIVERSITY IN CAPITAL CAMPAIGN EFFORTS 0 0 54762 -54762 102448 -102448 SC ANNUAL PRESIDENT'S SCHOLARSHIP GALA 157544 131286 26258 82252 CLAFLIN GOLF CLASSIC 27870 27870 2500 185414 159156 26258 84752 84752 -58494 1 TUITION DISCOUNTS & SCHOLARSHIPS 1000 6037218 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE COLLEGE'S PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS REQUIRES THE VERIFICATION OF 1) ENROLLMENT STATUS, 2) NUMBER OF HOURS ENROLLED, 3) NUMBER OF EARNED CREDIT HOURS, 4) GPA, AND 5) HOUSING STATUS. IN ADDITION, A REVIEW OF STUDENT ACADEMIC PERFORMANCE IS CONDUCTED EACH SEMESTER TO DETERMINE OVERALL STANDING IN RELATION TO THE COLLEGE'S ESTABLISHED SATISFACTORY ACADEMIC POLICY (SAP). X X 1 1 X X 0 1 0 0 0 0 0 0 0 HENRY N TISDALE 297436 0 0 0 0 0 67910 0 0 0 365346 0 0 0 JOSEPH DELEON MCDUFFIE 165650 0 0 0 0 0 0 0 2814 0 168464 0 0 0 GEORGE ELWOOD MILLER 197924 0 0 0 0 0 0 0 10665 0 208589 0 0 0 ZIA HASAN 151850 0 0 0 0 0 0 0 0 0 151850 0 0 0 PART I, LINE 1A THE PRESIDENT IS PROVIDED WITH A RESIDENCE FOR PERSONAL USE. THE RESIDENCE IS PROVIDED FOR THE CONVENIENCE OF THE COLLEGE IN HAVING THE FUNCTIONS OF THE OFFICE OF THE PRESIDENT EFFICIENTLY CONDUCTED AND AS A CONDITION OF EMPLOYMENT AS PRESIDENT OF THE COLLEGE. THE PRESIDENT IS ALSO PROVIDED WITH CLEANING SERVICES FOR HIS RESIDENCE. PART I, LINE 4B AMOUNTS CONTRIBUTED TO DR. TISDALE'S SECTION 457F AND 457B PLANS WERE $54,910 AND $13,000, RESPECTIVELY. EDUCATIONAL FACILITIES AUTHORITY FOR PRIVATE INSITUTIONS OF HIGHER LEARNING 576000286 836896EX4 2003-06-02 20000000 EDUCATIONAL FACILITIES 0 0 0 20000000 3860000 206630 140000 15793370 2005 0 0 1 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 1 BANK OF AMERICA 7.000000000000 0 0 0 0 0 AT&T TED CREECH, DIRECTOR OF CLAFLIN, IS AT&T'S DIRECTOR OF EXTERNAL AFFAIRS 328957 TED CREECH IS A DIRECTOR OF CLAFLIN UNIVERSITY AND ALSO THE DIRECTOR OF EXTERNAL AFFAIRS FOR AT&T. AT&T PROVIDED TELEPHONE SERVICES TO THE UNIVERSTIY. THE TRANSACTIONS WERE CONDUCTED AT ARM'S LENGTH AND AT FAIR MARKET VALUE. 0 FORM 990, PART VI, SECTION B, LINE 11 THE BOARD WILL RECEIVE AN ELECTRONIC COPY OF THE 990 PRIOR TO FILING FOR THIER REVIEW AND COMMENTS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICTS OF INTEREST POLICY IS REVIEWED ANNUALLY DURING THE FALL BOARD MEETING. BOARD MEMBERS AND KEY EMPLOYEES SIGN AN ANNUAL STATEMENT TO ACKNOWLEDGE THAT NO CONFLICTS EXIST. IN THE COURSE OF MEETINGS AND/OR ACTIVITIES, A BOARD MEMBER OR KEY EMPLOYEE WILL DISCLOSE ANY INTERESTS IN A TRANSACTION OR DECISION WHERE HE/SHE, INCLUDING THEIR BUSINESS AND/OR OTHER NON-PROFIT AFFILIATIONS, FAMILY AND/OR SIGNIFICANT OTHER, EMPLOYER, OR CLOSE ASSOCIATE WILL RECEIVE A POTENTIAL BENEFIT OR GAIN. AFTER DISCLOSURE OF ANY POSSIBLE CONFLICT OF INTEREST, THE PERSON WILL BE ASKED TO LEAVE THE ROOM FOR THE DISCUSSION AND WILL NOT BE PERMITTED TO VOTE ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION USES COMPARABILITY DATA (FROM FORMS 990 OF OTHER ORGANIZATIONS AND FROM COMPENSATION SURVEYS) TO DETERMINE THE SALARY FOR THE PRESIDENT. THE PRESIDENT'S SALARY IS DETERMINED AND APPROVED BY THE INDEPENDENT BOARD OF TRUSTEES AFTER AN ANNUAL REVIEW AND AFTER THE COMPARABILITY DATA IS REVIEWED. THE INDIVIDUALS APPROVING THE COMPENSATION AND THE DATA UPON WHICH THEY RELIED IS DOCUMENTED BY FORMAL LETTER TO THE PRESIDENT. THE PRESIDENT FOLLOWS SIMILAR GUIDELINES IN HIS DETERMINATION OF COMPENSATION FOR OTHER KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 1,965,178. CHANGE IN BENEFICIAL INTEREST IN TRUST 47,411. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 77,254. TOTAL TO FORM 990, PART XI, LINE 5: 2,089,843.