PRESBYTERIAN COLLEGE: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- PRESBYTERIAN COLLEGE (EIN 57-0314408)
- Tax period
- 2009-07-01 to 2010-06-30
- Filed
- 2011-02-10
- IRS object ID
- 201110429349300811
- Schema version
- 2009v1.2
- 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 G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-02-10T09:18:52-07:00 | Timestamp |
| Tax Period End Date | 2010-06-30 | TaxPeriodEndDate |
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-07-01 | 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 | 8648338206 | 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 | Morris Galloway | Name |
| Title | Exec VP of Finance | Title |
| Phone | 8648338205 | Phone |
| Date Signed | 2011-02-10 | DateSigned |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | John V Griffith | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 503 South Broad Street | AddressLine1 |
| City | Clinton | City |
| State | SC | State |
| ZIP Code | 29325 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 86176192 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| 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. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 45 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 44 | NbrIndependentVotingMembers |
| Total Nbr Employees | 939 | TotalNbrEmployees |
| Total Nbr Volunteers | 250 | TotalNbrVolunteers |
| Total Gross UBI | 192628 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -23826 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 6251282 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 6247279 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 42141332 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 46277772 | ProgramServiceRevenueCY |
| Investment Income Prior Year | -1819452 | InvestmentIncomePriorYear |
| Investment Income Current Year | 768328 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 88412 | OtherRevenuePriorYear |
| Other Revenue Current Year | 67038 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 46661574 | TotalRevenuePriorYear |
| Total Revenue Current Year | 53360417 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 19596603 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 22552859 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 19436560 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 19920936 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 185074 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 1447381 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 15926325 | OtherExpensePriorYear |
| Other Expenses Current Year | 16307202 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 55144562 | TotalExpensesPriorYear |
| Total Expenses Current Year | 58780997 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -8482988 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -5420580 | RevenuesLessExpensesCY |
| Total Assets BOY | 139878425 | TotalAssetsBOY |
| Total Assets EOY | 149296591 | TotalAssetsEOY |
| Total Liabilities BOY | 34999671 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 42269627 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 104878754 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 107026964 | 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. With the approval of the Board of Trustees, the College will open a School of Pharmacy in the Fall of 2010. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 52761616 | Expense |
| Grants | 22552859 | Grants |
| Revenue | 53374445 | Revenue |
| Description | Higher Education: Provision of undergraduate education for 1193 full time equivalent students and including room and board for 1108 students, and start-up costs related to opening a School of Pharmacy. | 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 | 52761616 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 1 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 1 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Balance Sheet Amounts Reported | 1 | BalanceSheetAmountsReported |
| 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 | 1 | 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 | 1 | 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 |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 142 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 939 | 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 | 1 | NonDeductibleContributions |
| Non Deductible Disclosure | 1 | NonDeductibleDisclosure |
| 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 |
| Nbr Voting Governing Body Members | 45 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 44 | 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 | 1 | 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 | Walter Ridgely | NamePerson |
| Telephone Number | 8648338206 | 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 (56 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 | ||
| Jerry W Howington | |||||||
| Board Member | 1 | X | 0 | 0 | 0 | ||
| G Daniel McCall | |||||||
| Board Member | 1 | X | 0 | 0 | 0 | ||
| Allen C McSween | |||||||
| Board Member | 1 | X | 0 | 0 | 0 | ||
| Donnie R Woods | |||||||
| 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 | ||
| G Anderson Douglas Jr | |||||||
| 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 | ||
| G Richard Query | |||||||
| Board Member | 1 | X | 0 | 0 | 0 | ||
| Mary V Suitt | |||||||
| 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 | ||
| Alvin D Sewell | |||||||
| Board Member | 1 | X | 0 | 0 | 0 | ||
| William B Shearer | |||||||
| Board Member | 1 | X | 0 | 0 | 0 | ||
| E G Lassiter III | |||||||
| Board Member | 1 | X | 0 | 0 | 0 | ||
| Mark T Nelson | |||||||
| 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 | ||
| Sean P Foley | |||||||
| Board Member | 1 | X | 0 | 0 | 0 | ||
| Welton O'Neal Jr | |||||||
| Board Member | 1 | X | 0 | 0 | 0 | ||
| Paula Harper Bethea | |||||||
| Board Member | 1 | X | 0 | 0 | 0 | ||
| Elaine T Freeman | |||||||
| 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 | ||
| Joseph E Patrick Jr | |||||||
| 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 | ||
| David P Berry | |||||||
| Board Member | 1 | X | 0 | 0 | 0 | ||
| Susan F DeWyngaert | |||||||
| 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 | ||
| John V Griffith | |||||||
| President | 40 | 224505 | 0 | 67711 | X | ||
| Morris M Galloway | |||||||
| EVP Finance & Administration | 40 | 126068 | 0 | 20310 | X | ||
| Robert E Staton | |||||||
| EVP External Relations | 40 | 137838 | 0 | 9628 | X | ||
| Robert K Holyer | |||||||
| Provost | 40 | 131926 | 0 | 16419 | X | ||
| Richard E Stull | |||||||
| Dean of PC School of Pharmacy | 40 | 207914 | 0 | 16826 | X | ||
| William M McDonald | |||||||
| Vice President | 40 | 97140 | 0 | 15949 | X | ||
| John T Johnson | |||||||
| Professor | 40 | 149476 | 0 | 12075 | X | ||
| Charles S Asbill | |||||||
| Professor | 40 | 142313 | 0 | 13354 | X | ||
| L Cliff Fuhrman | |||||||
| Professor | 40 | 147736 | 0 | 8578 | X | ||
| Laura Fox | |||||||
| Professor | 40 | 129027 | 0 | 5162 | X | ||
| Harold E Nichols | |||||||
| Coach | 40 | 112186 | 0 | 7961 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1606129 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 193973 | TotalOtherCompensation |
| Number Individuals GT100 K | 14 | 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 | 275064 |
| McMillan Pazdan Smith LLC | |||||
| P O Box 100199 | Columbia | SC | 29202 | Architecture | 116940 |
| 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 | 401694 | GovernmentGrants |
| All Other Contributions | 5845585 | AllOtherContributions |
| Noncash Contributions | 525139 | NoncashContributions |
| Total Contributions | 6247279 | 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 | 44383196 | 44383196 | 0 | $0 |
| Summer Conference | 532000 | 191947 | 18310 | 173637 | $0 |
| Athletic Revenue | 611310 | 807188 | 775634 | 31554 | $0 |
| Food Service and Bookstore Commissions | 721310 | 197118 | 185457 | 11661 | $0 |
| Other Revenue | 611310 | 698323 | 698323 | 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 | 46277772 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2521303 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 134 | UnrelatedBusinessRevenue |
| Exclusion | $2,521,169 | 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 | 8716 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 8716 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 47345 | Real |
| Personal | 0 | Personal |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 872 | Real |
| Personal | 0 | Personal |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 46473 | Real |
| Personal | 0 | Personal |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 46473 | TotalRevenueColumn |
| Related Or Exempt Function Income | 46473 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 31047900 | Securities |
| Other | 0 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 32800875 | Securities |
| Other | 0 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -1752975 | Securities |
| Other | 0 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -1752975 | TotalRevenueColumn |
| Related Or Exempt Function Income | -1752975 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 31232 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 0 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 14028 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 17204 | TotalRevenueColumn |
| Related Or Exempt Function Income | 17204 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue | ExclusionExclusionAmount |
|---|---|---|---|---|---|
| Standard Candy K-1 | 311000 | -32637 | 0 | -32637 | $0 |
| Laurens County Restaurant Project LLC | 722100 | -437 | 0 | -437 | $0 |
| Other K-1s | 900099 | 27719 | 27719 | 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 | -5355 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 53360417 | TotalRevenueColumn |
| Related Or Exempt Function Income | 44399341 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 192628 | UnrelatedBusinessRevenue |
| Exclusion | $2,521,169 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 22552859 | Total |
| Program Services | 22552859 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1195327 | Total |
| Program Services | 484524 | ProgramServices |
| Management And General | 587113 | ManagementAndGeneral |
| Fundraising | 123690 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14602269 | Total |
| Program Services | 12204916 | ProgramServices |
| Management And General | 1671924 | ManagementAndGeneral |
| Fundraising | 725429 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 955152 | Total |
| Program Services | 732255 | ProgramServices |
| Management And General | 157880 | ManagementAndGeneral |
| Fundraising | 65017 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2101519 | Total |
| Program Services | 1675111 | ProgramServices |
| Management And General | 318222 | ManagementAndGeneral |
| Fundraising | 108186 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1066669 | Total |
| Program Services | 885241 | ProgramServices |
| Management And General | 120063 | ManagementAndGeneral |
| Fundraising | 61365 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 71292 | Total |
| Management And General | 71292 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 59950 | Total |
| Management And General | 59950 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 350 | Total |
| Fundraising | 350 | Fundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 263970 | Total |
| Program Services | 263970 | ProgramServices |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1308878 | Total |
| Program Services | 1073665 | ProgramServices |
| Management And General | 209234 | ManagementAndGeneral |
| Fundraising | 25979 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 53301 | Total |
| Program Services | 44616 | ProgramServices |
| Management And General | 7060 | ManagementAndGeneral |
| Fundraising | 1625 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1847665 | Total |
| Program Services | 1613269 | ProgramServices |
| Management And General | 129028 | ManagementAndGeneral |
| Fundraising | 105368 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 291592 | Total |
| Program Services | 171231 | ProgramServices |
| Management And General | 105610 | ManagementAndGeneral |
| Fundraising | 14751 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2253158 | Total |
| Program Services | 2111519 | ProgramServices |
| Management And General | 134937 | ManagementAndGeneral |
| Fundraising | 6702 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1531110 | Total |
| Program Services | 1461826 | ProgramServices |
| Management And General | 40159 | ManagementAndGeneral |
| Fundraising | 29125 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 58141 | Total |
| Program Services | 30224 | ProgramServices |
| Management And General | 27061 | ManagementAndGeneral |
| Fundraising | 856 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 891570 | Total |
| Program Services | 876996 | ProgramServices |
| Management And General | 13900 | ManagementAndGeneral |
| Fundraising | 674 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3026457 | Total |
| Program Services | 2828904 | ProgramServices |
| Management And General | 179166 | ManagementAndGeneral |
| Fundraising | 18387 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 566068 | Total |
| Program Services | 360827 | ProgramServices |
| Management And General | 197061 | ManagementAndGeneral |
| Fundraising | 8180 | Fundraising |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| Dining Hall Charges and Food | 2671124 | 2552904 | 35526 | 82694 |
| Minor Equipment and Supplies | 908048 | 685966 | 198667 | 23415 |
| Bad Debts | 182255 | 0 | 182229 | 26 |
| Other Miscellaneous Expenses | 322273 | 150793 | 125918 | 45562 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 58780997 | Total |
| Program Services | 52761616 | ProgramServices |
| Management And General | 4572000 | ManagementAndGeneral |
| Fundraising | 1447381 | 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 | 4691875 | BOY |
| EOY | 4811413 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5158280 | BOY |
| EOY | 3517383 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 692795 | BOY |
| EOY | 248204 | 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 | 920450 | BOY |
| EOY | 831591 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 51551 | BOY |
| EOY | 28925 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 101560077 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 38866385 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 56833043 | BOY |
| EOY | 62693692 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 61026450 | BOY |
| EOY | 67645753 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 860776 | BOY |
| EOY | 986643 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1500 | 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 | 9641705 | BOY |
| EOY | 8435514 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 139878425 | BOY |
| EOY | 149296591 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6516536 | BOY |
| EOY | 7964792 | 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 | 0 | BOY |
| EOY | 0 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 27704757 | BOY |
| EOY | 30000000 | 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 |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 3500000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 778378 | BOY |
| EOY | 804835 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 34999671 | BOY |
| EOY | 42269627 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17256907 | BOY |
| EOY | 17464812 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8368539 | BOY |
| EOY | 9780988 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 79253308 | BOY |
| EOY | 79781164 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 104878754 | BOY |
| EOY | 107026964 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 139878425 | BOY |
| EOY | 149296591 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 these two organizations. PC 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 | 8369213 | 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 | 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 Minus1 Year CurrentYearMinus1Year
| 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 | 0.049 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.951 | 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 | 4154518 | OtherCostOrOtherBasis |
| Book Value | 4154518 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 78941347 | OtherCostOrOtherBasis |
| Depreciation | 31884666 | Depreciation |
| Book Value | 47056681 | 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 | 9274068 | OtherCostOrOtherBasis |
| Depreciation | 6981719 | Depreciation |
| Book Value | 2292349 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 9190144 | OtherCostOrOtherBasis |
| Depreciation | 0 | Depreciation |
| Book Value | 9190144 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 62693692 | TotalOfBookValueLandBuildings |
Financial Derivatives FinancialDerivatives
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | 0 | BookValue |
| Method Of Valuation | F | MethodOfValuation |
Closely Held Equity Interests CloselyHeldEquityInterests
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | 755490 | BookValue |
| Method Of Valuation | F | MethodOfValuation |
Other Securities OtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Cash Surrender Value of Life Insurance | Description |
| Book Value | 231153 | BookValue |
| Method Of Valuation | F | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 986643 | TotalOfBookValueSecurities |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Investment in Real Estate Held for Sale | Description |
| Book Value | 97473 | BookValue |
| Method Of Valuation | C | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Program Related | 97473 | TotalOfBookValueProgramRelated |
Other Assets OtherAssets (3 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| Trust Fund Assets | 4528751 |
| Contribution Receivable from Trusts | 2904969 |
| Other Assets | 1001794 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 8435514 | TotalBookValueOtherAssets |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| Advances from Federal Government | $799,698 |
| Other Liabilities | $5,137 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 804835 | TotalOfAmounts |
| Total Revenue | 53360417 | TotalRevenue |
| Total Expenses | 58780997 | TotalExpenses |
| Excess Or Deficit For Year | -5420580 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 5280024 | NetUnrealizedGLOnInvestments |
| Donated Services And Facilities | 0 | DonatedServicesAndFacilities |
| Investment Expenses | 0 | InvestmentExpenses |
| Prior Period Adjustments | 0 | PriorPeriodAdjustments |
| Other | $2,350,827 | OtherAmount |
| Total Adjustments | 7630851 | TotalAdjustments |
| Excess Or Deficit Per FS | 2210271 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 38188607 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 5280024 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 0 | DonatedSrvcAndUseOfFacilities |
| Recoveries Of Prior Year Grants | 0 | RecoveriesOfPriorYearGrants |
| Other Revenues | -22480183 | OtherRevenues |
| Revenue Not Rptd F990 | -17200159 | RevenueNotRptdF990 |
| Revenue Subtotal | 55388766 | RevenueSubtotal |
| Investment Expenses Not Included | 263970 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | -2292319 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | -2028349 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 53360417 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 35978336 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 0 | DonatedServicesUseOfFacilities |
| Prior Year Adjustments | 0 | PriorYearAdjustments |
| Losses Reported | 0 | LossesReported |
| Other Expenses Included | 24643 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 24643 | ExpensesNotRptdF990 |
| Expenses Subtotal | 35953693 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 263970 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 22563334 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 22827304 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 58780997 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (8 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 725 individual funds established for a variety of purposes including scholarships and the support of academic and sports programs. |
| SchD_P10_S00_L00 | Schedule D, Part X | The Internal Revenue has determined that the College is exempt from 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 provision of FASB guidance 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. Management believes there are no such positions as of June 30, 2010 and 2009 and accordingly, no liability has been accured. |
| SchD_P11_S00_L08 | Schedule D, Part XI, Line 8 | K-1 revenue and expenses are not reported on the College financial statements. Foundation revenue and expenses are not reported on the College's 990. They are filed as separate entities. |
| SchD_P12_S00_L02d | Schedule D, Part XII, Line 2d | Financial Aid is reported as contra revenue in the financial statement. Gains from PC Foundation and PC RE Foundation are included in the financial statements, but these foundations are separate tax entities. |
| SchD_P12_S00_L04b | Schedule D, Part XII, Line 4b | K-1 losses are not reported on the financial statements. Fundraising event expenses reported as expenses on financial statement. |
| SchD_P13_S00_L02d | Schedule D, Part XIII, Line 2d | Tranfers from PC Foundation are included in the financial statements but not reported on the College's tax return, since the Foundation is a separate tax entity. Expenses related to fundraising events listed as offset to revenue on 990. |
| SchD_P13_S00_L04b | Schedule D, Part XIII, Line 4b | Financial Aid is reported as a contra revenue on the financial statements. K-1 expenses are not reported on the financial statements. |
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 |
| Pub Via Broadcast Media Expln | The College publishes in official 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. | PubViaBroadcastMediaExpln |
| 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 |
| Govt Financial Aid Explanation | Presbyterian College students may receive title IV aid, federal loans and/or SC tuition grant assistance. | GovtFinancialAidExplanation |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable (5 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. | 51996 |
| 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. | 122443 |
| Central America and the Caribbean | 0 | 3 | Program Services | Semester travel expenses for students and faculty members as part of their educational program. | 69285 |
| Middle East and North Africa | 0 | 2 | Program Services | Travel expenses for students and faculty members as part of their educational program. | 72082 |
| Sub-Saharan Africa | 0 | 1 | Program Services | Travel expenses for students and faculty as part of their educational program. | 21940 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Number Of Offices | 0 | TotalNumberOfOffices |
| Total Number Of Employees | 14 | TotalNumberOfEmployees |
| Total Amount Spent | 337746 | TotalAmountSpent |
Form990 Schedule F Part IV Form990ScheduleFPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SchF_P01_S00_L03 | Identifier |
| Return Reference | Schedule F, Part I, Line 3 | ReturnReference |
| Explanation | The College pays travel agents and travel costs for Maymesters and Semester Abroad trips. Travel costs may be paid directly to hotels, restaurants, etc in foreign countries as part of the educational trip. | Explanation |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | Scotsman Club PC Invitational Golf Tournament | NameOfEvent1 |
| Gross Receipts Event1 | 23880 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 0 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 23880 | GrossRevenueEvent1 |
| Cash Prizes Event1 | 0 | CashPrizesEvent1 |
| Non Cash Prizes Event1 | 0 | NonCashPrizesEvent1 |
| Rent Facility Costs Event1 | 0 | RentFacilityCostsEvent1 |
| Food And Beverage Event1 | 7862 | FoodAndBeverageEvent1 |
| Entertainment Event1 | 0 | EntertainmentEvent1 |
| Other Direct Expenses Event1 | 6166 | OtherDirectExpensesEvent1 |
| Name Of Event2 | Elliott Poss Golf Tournament | NameOfEvent2 |
| Gross Receipts Event2 | 7352 | GrossReceiptsEvent2 |
| Charitable Contributions Event2 | 0 | CharitableContributionsEvent2 |
| Gross Revenue Event2 | 7352 | GrossRevenueEvent2 |
| Cash Prizes Event2 | 0 | CashPrizesEvent2 |
| Non Cash Prizes Event2 | 0 | NonCashPrizesEvent2 |
| Rent Facility Costs Event2 | 0 | RentFacilityCostsEvent2 |
| Food And Beverage Event2 | 0 | FoodAndBeverageEvent2 |
| Entertainment Event2 | 0 | EntertainmentEvent2 |
| Other Direct Expenses Event2 | 0 | OtherDirectExpensesEvent2 |
| Total Number Of Other Events | 0 | TotalNumberOfOtherEvents |
| Gross Receipts Total | 31232 | GrossReceiptsTotal |
| Charitable Contributions Total | 0 | CharitableContributionsTotal |
| Gross Revenue Total Events | 31232 | GrossRevenueTotalEvents |
| Cash Prizes Total Events | 0 | CashPrizesTotalEvents |
| Non Cash Prizes Total Events | 0 | NonCashPrizesTotalEvents |
| Rent Facility Costs Total Events | 0 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 7862 | FoodAndBeverageTotalEvents |
| Entertainment Total Events | 0 | EntertainmentTotalEvents |
| Other Direct Expenses Total Events | 6166 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 14028 | DirectExpenseSummaryEvents |
| Net Income Summary | 17204 | NetIncomeSummary |
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 | 1207 | NumberOfRecipients |
| Amount Of Cash Grant | 22552859 | 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 scholarship. | 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 (8 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 | |||||||||||||
| 209005 | 0 | 0 | 0 | 15500 | 0 | 19550 | 0 | 48161 | 0 | 292216 | 0 | 0 | |
| Morris M Galloway | |||||||||||||
| 106977 | 0 | 0 | 0 | 19091 | 0 | 9466 | 0 | 10844 | 0 | 146378 | 0 | 0 | 0 |
| Robert E Staton | |||||||||||||
| 131838 | 0 | 0 | 0 | 6000 | 0 | 7453 | 0 | 2175 | 0 | 147466 | 0 | 0 | |
| Robert K Holyer | |||||||||||||
| 118813 | 0 | 0 | 0 | 13113 | 0 | 8833 | 0 | 7586 | 0 | 148345 | 0 | 0 | 0 |
| Richard E Stull | |||||||||||||
| 200340 | 0 | 0 | 0 | 7574 | 0 | 9390 | 0 | 7436 | 0 | 224740 | 0 | 0 | |
| John T Johnson | |||||||||||||
| 142782 | 0 | 0 | 0 | 6694 | 0 | 5744 | 0 | 6331 | 0 | 161551 | 0 | 0 | 0 |
| L Cliff Fuhrman | |||||||||||||
| 141211 | 0 | 0 | 0 | 6525 | 0 | 5979 | 0 | 2599 | 0 | 156314 | 0 | 0 | 0 |
| Charles S Asbill | |||||||||||||
| 135842 | 0 | 0 | 0 | 6471 | 0 | 5553 | 0 | 7801 | 0 | 155667 | 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 the 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 set of schools. |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (2 entries)
| Business Name Line2IssuerName/BusinessNameLine2 | Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer |
|---|---|---|---|---|---|---|---|
| Education Facilities Authority for Private Non-Profit | |||||||
| Institution of Higher Education | 576000286 | CUSIPNONE | 2009-04-01 | 6500000 | Pharmacy School building renovation | 0 | 0 |
| 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 |
Form990 Schedule K Part II Form990ScheduleKPartII (2 entries)
| Total ProceedsTotalProceeds | Amount In Reserve FundAmountInReserveFund | Amount DefeasedAmountDefeased | Amount UnspentAmountUnspent | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Working Capital ExpendituresWorkingCapitalExpenditures | Capital ExpendituresCapitalExpenditures | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 6500000 | 0 | 0 | 0 | 78775 | 0 | 6421225 | 2010 | 0 | 0 | 1 | 1 |
| 23500000 | 0 | 23500000 | 0 | 54754 | 0 | 0 | 2009 | 1 | 0 | 1 | 1 |
Form990 Schedule K Part III Form990ScheduleKPartIII (2 entries)
| Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Bond Counsel Routinely EngagedBondCounselRoutinelyEngaged | Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers | Percentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBI | Total Private Business UseTotalPrivateBusinessUse | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (2 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate | Term Of HedgeTermOfHedge |
|---|---|---|---|---|---|---|
| (no name) | ||||||
| 0 | 1 | 0 | 0 | 0 | 0 | |
| SunTrust | ||||||
| 1 | 1 | 1 | 0 | 0 | 0 | 5 |
Schedule L IRS990ScheduleL
Form990 Schedule L Part III Form990ScheduleLPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Interested Person | Scholarships and Tuition Remission | NameOfInterestedPerson |
| Relationship With Organization | Children of Officers received tuition remission under standard employee policy | RelationshipWithOrganization |
| Amount Of Grant | 29178 | AmountOfGrant |
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BB&T Insurance Service | BusinessNameLine1 |
| Business Name Line2 | Thomas R Parrish -Regional Manager | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | Board of Trustees | Relationship |
| Amount Of Transaction | 454332 | AmountOfTransaction |
| Description Of Transaction | Premiums paid on Insurance for the College | 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 | 387258 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
Securities Miscellaneous SecuritiesMiscellaneous
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 13131 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
Real Estate Residential RealEstateResidential
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 56581 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | New-Cost | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable (4 entries)
| Non Cash CheckboxNonCashCheckbox | DescriptionDescription | Number Of ContributionsNumberOfContributions | Noncash Contribs Rptd F990NoncashContribsRptdF990 | Method Of Determining RevenuesMethodOfDeterminingRevenues |
|---|---|---|---|---|
| X | Business travel not reimbursed | 6 | 2492 | IRS standard mileage rate or cost |
| X | Supplies and location for events | 5 | 3454 | Cost |
| X | Donated supplies and equipments | 2 | 3493 | Cost |
| X | Donated professional construction | 6 | 58730 | Cost |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 0 | NumberOf8283Received |
| 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 (4 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| F990_P06_S0B_L11 | Form 990, Part VI, Section B, Line 11 | Form 990 is made available to the Finance Committee and all Trustees for review prior to filling. |
| 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 Executive Vice President of Finance and Administration. Board members with conflicts recuse themselves from these 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 the end of the year evaluation. The process is part of two day meeting in August. The 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 the satisfactory achievement of goals and objectives. CUPA data for a comparison group of schools for similar positions is 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 documented in the agendas and records of the appropriate committee and in the personnel files. |
| F990_P06_S0C_L19 | Form 990, Part VI, Section C, Line 19 | The College's governing documents, conflicts of interest policy, and audited financial statements are available for inspection. |
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 1194 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 1194 students. | SC | 501(c)(3) | 11-Type II | N/A |
Form990 Schedule R Part III Form990ScheduleRPartIII
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Laurens County Restaurant Project LLC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O Box 299 | AddressLine1 |
| City | Clinton | City |
| State | SC | State |
| ZIP Code | 29325 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 010766346 | EIN |
| Primary Activity | Restaurant | PrimaryActivity |
| Legal Domicile State | SC | LegalDomicileState |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| Predominant Income Type | Unrelated | PredominantIncomeType |
| Share Of Total Income | -433 | ShareOfTotalIncome |
| Share Of EOY Assets | 206492 | ShareOfEOYAssets |
| Disproportionate Allocations | 0 | DisproportionateAllocations |
| Code V | $0 | CodeVAmount |
| General Or Managing Partner | 0 | GeneralOrManagingPartner |
| 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 | 1 | 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 (3 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved |
|---|---|
| Presbyterian College Foundation | |
| n | 0 |
| Presbyterian Real Estate Foundation | |
| n | 0 |
| Presbyterian College Foundation | |
| h | 10615 |
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