2012-05-14T20:50:46-04:00 2011-06-30 Grant Thornton LLP 201 S COLLEGE ST STE 2500 CHARLOTTE NC 28244 990 2010-07-01 250983069 Johnson C Smith University JOHN 7043781000 100 Beatties Ford Road Charlotte NC 28216 Dr Ronald L Carter 2012-05-10 true 7046323500 2010 2016-02-24 21:20:13Z Dr Ronald Carter 100 Beatties Ford Charlotte NC 28216 56325001 false X www.jcsu.edu X 1867 NC Johnson C. Smith University offers a liberal arts education to a diverse group of talented and motivated students in preparation for advanced study and specific careers. 24 24 1209 24 2553 -3889 14172886 11882507 29491918 29102257 -1239782 1252246 -43827 -83667 42381195 42153343 4455303 5059946 0 0 20521348 20485610 0 0 1037864 18380204 19495683 43356855 45041239 -975660 -2887896 104808878 108308659 14474845 13588974 90334033 94719685 X The mission of Johnson C. Smith University is to provide an outstanding education for a diverse group of talented and highly motivated students from various ethnic, socioeconomic, and geographical backgrounds. The university offers a liberal arts education in conjunction with concentrated study in specialized fields, in preparation for advanced study and specific careers. The university endeavors to produce graduates who are able to communicate effectively, think critically, learn independently as well as collaboratively, and demonstrate competence in their chosen fields. Further, it provides an environment in which students can fulfill their physical, social, cultural, spiritual, and other personal needs through which they can develop a compelling sense of social and civic responsibility for leadership and service in a dynamic, multicultural society. Likewise, the university embraces its responsibility to provide leadership, service, and lifelong learning to the larger community. Rega false false 11840366 19128992 INSTRUCTION: JOHNSON C. SMITH UNIVERSITY OFFERS INSTRUCTIONS IN VARIOUS LIBERAL ARTS PROGRAMS. FOR THE REPORTING PERIOD THE UNIVERSITY HAD ALMOST 1,500 STUDENTS MATRICULATING IN THESE PROGRAMS. JOHNSON C. SMITH UNIVERSITY HAS 3 COLLEGES FROM WHICH STUDENTS CAN CHOOSE VARIOUS MAJORS: COLLEGE OF ARTS AND LETTERS, COLLEGE OF PROFESSIONAL STUDIES, AND COLLEGE OF SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS. 7723821 1484968 STUDENT SERVICES: JOHNSON C SMITH UNIVERSITY OFFERS A WIDE RANGE OF SERVICES TO ITS STUDENTS. THESE PROGRAMS INCLUDE THE FOLLOWING SERVICES: PLACEMENT AND CAREER COUNSELING, ADMISSION, REGISTRAR, FINANCIAL AID, SPORTS AND VARIOUS OTHER STUDENT ACTIVITIES. 4729625 2017931 ACADEMIC SUPPORT: OUR ACADEMIC SUPPORT SERVICES INCLUDES INFORMATION TECHNOLOGY, LIBRARY SERVICES, SMART CLASSROOMS, AND FACULTY TRAINING. EVERY FULLTIME STUDENT AT JOHNSON C. SMITH UNIVERSITY RECEIVES A LAPTOP. OUR LIBRARY CONTINUES TO UPDATE ITS BOOK CATALOGS. IN ADDITION, STUDENTS HAVE ACCESS TO A WIDE RANGE OF ONLINE CATALOGS. JOHNSON C. SMITH UNIVERSITY IS IN THE PROCESS OF TRANSFORMING ALL ITS TRADITIONAL CLASSROOMS INTO SMART CLASSROOMS BY PLACING TECHNOLOGY AT THE STUDENT'S FINGER TIPS. 1331122 Public Service 5059946 5059946 Student Assistance 5697063 5688499 Room and Board 12088131 5059946 5688499 36381943 true true false false false false true false true true true false false true true true false true false true false false false true false false false true true false false false false false false false false false false false false false false false false false false true 215 0 true 1209 true true true false false false false true true false false false false X 24 24 false false false false false false false true true false false true true true true true true true false false NC X GERALD HECTOR 7043781190 100 BEATTIES FORD ROAD Charlotte NC 28216 Gerald Agbegha 40.0 X 53738 0 11379 Thomas E Baldwin 1.0 X 0 0 0 Thomas Barnhardt 1.0 X 0 0 0 Steven L Boyd 1.0 X 0 0 0 Melva Wilson Costen 1.0 X 0 0 0 J Porter Durham Jr 1.0 X 0 0 0 Parran L Foster III 1.0 X X 0 0 0 James Gaither 1.0 X 0 0 0 Cameron M Harris 1.0 X 0 0 0 J Frank Harrison III 1.0 X 0 0 0 Erica Hilton 1.0 X 0 0 0 Shirley Hughes 1.0 X 0 0 0 Argie Knox Johnson 1.0 X X 0 0 0 Terrence Terry Linnert 1.0 X 0 0 0 Mary T Mack 1.0 X 0 0 0 Willie Martin 1.0 X 0 0 0 Monroe Miller 1.0 X X 0 0 0 Cornell L Moore 1.0 X 0 0 0 Tim Newman 1.0 X 0 0 0 Gregory W Norwood 1.0 X 0 0 0 Richard J Osborne 1.0 X 0 0 0 Obie Patterson 1.0 X 0 0 0 John B Stedman Jr 1.0 X 0 0 0 McKinley Washington Jr 1.0 X 0 0 0 James Woodward 1.0 X 0 0 0 Ronald Lee Carter 40.0 X 211497 0 22862 Gerald L Hector 40.0 X 164533 0 35082 Joy E Paige 40.0 X 138717 0 11833 Magdy Attia 40.0 X 123928 0 21365 Olivia Diane Bowles 40.0 X 115584 0 14786 Patrica Ann Roberson-Saunders 40.0 X 111029 0 6590 Lisa Montgomery 40.0 X 151217 0 15512 1070243 0 139409 9 false true false FDY Inc 2459 Wilkinson Blvd Suite 300 CHARLOTTE NC 28208 Food Service 2277796 WFF 211 S Jefferson Street ST LOUIS MO 63103 Cleaning 879794 Acacial Inovations PO Box 1462 FAIRFIELD CT 06825 Marketing 293306 National Management Res Corp PO Box 1224 LAGRANGE GA 30241 Maintenance 427003 Burchette Associates PO Box 12706 CHARLOTTE NC 28220 Marketing 290859 5 333554 99542 5000647 6448764 11882507 INSTRUCTION 611600 19128992 19128992 ROOM AND BOARD 721310 5688499 5688499 ACADEMIC SUPPORT 611710 2017931 2017931 STUDENT SERVICES 611710 1484968 1484968 INSTITUTIONAL SUPPORT 611710 781867 781867 29102257 906660 906660 0 0 26802 26802 26802 26802 12988397 12642811 345586 345586 345586 99542 99542 176161 -76619 -76619 0 1134801 1352686 -41749 -40222 -1527 VENDING AND MISCELLANEOUS 900099 7899 4080 3819 7899 42153343 29062035 2553 1206248 0 5059946 5059946 0 0 499060 65116 433944 0 17004367 13439497 2890285 674585 259524 217571 32813 9140 1377113 1096396 236015 44702 1345546 1044779 250166 50601 1328548 145998 1163675 18875 99327 1000 98327 154072 154072 0 0 13134 13134 3091025 3035038 55987 259385 96618 87777 74990 5321365 4087877 1115690 117798 1252641 1222833 26274 3534 0 2168901 2008620 156281 4000 1056366 815686 236650 4030 0 772350 481076 290810 464 537386 508952 25074 3360 0 2949282 2772197 156577 20508 176171 70885 105286 SUBSCRIPTION AND MEMBERSHIP 315730 211858 92595 11277 45041239 36381943 7621432 1037864 4227 2465 18959335 15787029 2756598 2310425 597191 1078724 995192 265521 215238 230293 182131 95333697 57504627 39079919 37829070 37838381 41313035 3103366 7832741 1492514 1244142 104808878 108308659 3602446 3582953 329132 329132 131792 116746 6055000 5470000 2706979 1900342 1649496 2189801 14474845 13588974 X 45735506 45608624 13581803 17857670 31016724 31253391 90334033 94719685 104808878 108308659 X -2887896 7273548 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2200 322575 X X false 43189763 890081 8643625 765438 67486 1465453 50425092 37154397 1497892 4964393 233685 169350 23884 43189763 47436277 876530 -9074053 615141 1394621 74595 37154397 0.21000 0.79000 false false 769257 769257 45538155 28503540 17034615 21211637 6164019 15047618 21273332 18100405 3172927 6541316 4736663 1804653 37829070 PORTFOLIO ADVISOR 545674 F FORESTER OFFSHORE LTD 4032085 F MONDRIAN EMERGING MARKETS EQUI 1987308 F PRIVATE ADVISORY GROUP 1267674 F 7832741 0 CAPITAL LEASE OBLIGATION 1036200 ASSET RETIREMENT OBLIGATION 1153601 2189801 42153343 45041239 -2887896 7273548 7273548 4385652 45520572 7273548 7273548 38247024 5059946 -1153627 3906319 42153343 41134920 1153627 1153627 39981293 5059946 5059946 45041239 Description of Organization's Collections Schedule D, Part III, Line 4 The University has acquired several pieces of art over the years through donations from various alumni and other donors. Many of these items are hung in the James B. Duke library for students attending the school to enjoy as part of their educational experience. Intended Uses of Endowment Funds Schedule D, Part V, Line 4 The intended uses of the University's endowment funds are to fund scholarships, professorships, professional development and maintenance. Liability for Uncertain Tax Position (ASC 740) Schedule D, Part X, Line 2 On July 1, 2007, the University adopted the provisions of ASC 740, Income Taxes. ASC 740 addresses the accounting for uncertainty in income taxes recognized in an entity's financial statements and prescribes a threshold of more-likely-than-not for recognition and derecognition of tax provisions taken or expected to be taken in a tax return. ASC 740 also provides guidance on measurement, classification, interest and penalties, and disclosure. The adoption of ASC 740 had no material impact on the University's financial statements. Supplemental Description - Other Schedule D, Part XII, Line 4b Reclass: Special Event Revenue $199,084 Reclass: Bookstore COGS ($1,176,550) Reclass: Special Event Expense ($176,161) Supplemental Description - Other Schedule D, Part XIII, Line 2d Reclass: Bookstore COGS $1,176,550 Reclass: Special Event Expense $176,161 Reclass: Special Event Revenue ($199,084) true true true true true true true false false false false false false false false true false true Publication of Racially Nondiscriminatory Policy Schedule E, Part I, Line 3 The university publishes its racially nondiscriminatiory policy in students and employees handbooks which are available to the general community it serves. Government Assistance Schedule E, Part I, Line 6a THE UNIVERSITY IS A PARTICIPANT IN THE DEPARTMENT OF EDUCATION TITLE 4 PROGRAM, DIRECT LOANS. THE UNIVERSITY ALSO RECEIVES VARIOUS FEDERAL AND STATE GRANTS INCLUDING PELL, SEOG, TEACH, AND TITLE 3. false Central America and the Caribbean Investments true false true true false false Arch of Triumph 199084 99542 99542 1170 55481 70333 21479 27698 0 199084 99542 99542 1170 55481 70333 21479 27698 176161 -76619 true Tuition and Fees 686 4492502 Room and Board 63 405657 Books 49 41650 Procedure for Monitoring Use of Grant Funds Inside U.S. Schedule I, Part I, Line 2 SCHOLARSHIPS ARE GRANTED TO STUDENTS BASED ON ACADEMIC MERIT, ATHLETIC MERIT AND ACADEMIC DISCIPLINE. STUDENT LOANS ARE AWARDED BASED ON FEDERAL ELIGIBILITY GUIDELINES AS PROVIDED BY THE US DEPARTMENT OF EDUCATION DIRECT LENDING PROGRAM. STUDENT ATHLETICS MUST FOLLOW THE RULES SET FORTH BY THE NCAA. ONCE A SCHOLARSHIP HAS BEEN AWARDED, THE UNIVERSITY CHECKS THE RECIPIENTS' GRADE POINT AVERAGE AT THE END OF EACH SCHOOL YEAR TO DETERMINE IF THEY ARE MEETING THE ACADEMIC STANDARD SET FORTH BY THE SCHOOL OR DONOR. THE FINANCIAL AID OFFICE AT JOHNSON C. SMITH UNIVERSITY IS RESPONSIBLE FOR CHECKING EACH ACADEMIC SCHOLARSHIP RECIPIENT'S GRADES BEFORE SCHOLARSHIPS ARE AWARDED FOR THE NEXT SCHOOL YEAR. STUDENTS NOT MEETING SAP (SATISFACTORY ACADEMIC PROGRESS) WILL LOSE THEIR ACADEMIC SCHOLARSHIPS. FOR NEEDS BASED SCHOLARSHIPS AND GRANTS, THE PARENTS OF THE RECIPIENTS ARE REQUIRED TO SUBMIT A COPY OF THE TAX RETURN EACH YEAR TO THE FINANCIAL AID OFFICE BEFORE NEW NEEDS BASED SCHOLARSHIPS ARE AWARDED. STUDENTS RECEIVING ATHLETIC SCHOLARSHIPS MUST MAINTAIN A 2.0 OR HIGHER GRADE POINT AVERAGE AND MUST PASS AT LEAST 6 CREDIT HOURS IN THE FALL SEMESTER AND 24 CREDIT HOURS FOR THE SCHOOL YEAR. THE ATHLETICS COMPLIANCE COORDINATOR CHECKS THE GRADE REPORT FOR EACH STUDENT ATHLETE. EACH STUDENT ATHLETE'S GRADE REPORT IS EXAMINED AT THE END OF THE SEMESTER TO SEE IF HE OR SHE IS MEETING THE SET STANDARDS. IF THEY ARE NOT MEETING STANDARDS, THEY WILL LOSE THEIR SCHOLARSHIPS. FOR ALL SCHOLARSHIPS AND GRANTS, IF A STUDENT WITHDREW FROM THE UNIVERSITY BEFORE COMPLETING 60 PERCENT OR MORE OF A SEMESTER, THEIR FINANCIAL AID INCLUDING INTERNAL SCHOLARSHIPS ARE PRORATED BASED THE R2T4 (RETURN OF TITLE 4 FUNDS) CALCULATION. X X true true X X X X false false false false false false false false false Ronald Lee Carter 189049 0 5000 0 17448 0 9250 0 13612 0 234359 0 0 0 Gerald L Hector 164533 0 0 0 0 0 18230 0 16852 0 199615 0 0 0 Joy E Paige 138717 0 0 0 0 0 4667 0 7166 0 150550 0 0 0 Lisa Montgomery 151217 0 0 0 0 0 8260 0 7252 0 166729 0 0 0 Housing allowance or residence for personal use Schedule J, Part I, Line 1a THE PRESIDENT OF THE UNIVERSITY HAS IN HIS CONTRACT SEVERAL ITEMS THAT PERTAIN TO HIS JOB FUNCTION AT THE UNIVERSITY. HE RESIDES IN UNIVERSITY OWNED PROPERTY OFF CAMPUS, AS IS TYPICAL FOR HIS POSITION AS UNIVERSITY PRESIDENT. THE FAIR MARKET VALUE OF PERSONAL USE OF THE PROPERTY IS CALCULATED AND FULLY TAXED TO HIM AS PART OF HIS COMPENSATION IN HIS W-2. THE UNIVERSITY ALSO PAYS A CLUB MEMBERSHIP FEE FOR THE PRESIDENT TO CONDUCT BUSINESS. THIS MEMBERSHIP IS USED ONLY FOR BUSINESS ACTIVITIES AND NOT FOR ANY PERSONAL BENEFIT TO HIM. Form 990 Review Process Form 990, Part VI, Line 11b The University's process for reviewing the IRS Form 990 is as follows: (1) The Vice President of Business and Finance completes a detailed review of the form and discusses the form with the University's outside tax advisors, Grant Thornton and with the University's Accounting and Budget Manager. (2) After the Vice President has completed his review and obtained answers to all his questions, a copy of the form is issued to the President of the University and the Budget and Finance Committee of the Board of Trustees for a second review. All review questions are addressed and any necessary changes are incorporated into the final version of the form 990. The full board of directors is provided a copy of the form 990 prior to filing. Conflict of Interest Policy Monitoring & Enforcement Form 990, Part VI, Line 12c The members of the Board of Trustees each year renew their commitment to the conflict of interest policy. The affirming notices and signatures for each year is kept with the Secretary of the Board of Trustees. The commitment each year is also noted in the minutes to the Board of Trustees meetings. Process for Determining Compensation Form 990, Part VI, Line 15a The Vice Chairman of the Board of Trustees is the Chairman of the Compensation Committee. The members of that committee review the compensation of the President each year. The President is given an evaluation that is filed with the Board of Trustees. The committee utilizes market data, and other factors to determine the compensation of the President of the University. Process for Determining Compensation Form 990, Part VI, Line 15b Compensation of other officers or key employees ot the university are determined by the university's president based on market rate. How Documents are Made Available to the Public Form 990, Part VI, Line 19 The University will provide information in regards to its annual audit and other documents upon request. Other Changes in Net Assets Form 990, Part XI, Line 5 Unrealized Investment Gains $7,273,548