PAUL QUINN COLLEGE: Form 990, tax year 2009

View the entire original 990 at ProPublica ↗

Organization: PAUL QUINN COLLEGE (EIN 74-1238438)
Tax period: 2009-07-01 to 2010-06-30
Filed: 2011-12-20
IRS object ID: 201123549349300517
Schema version: 2009v1.3
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 D
Schedule E
Schedule J
Schedule M
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2011-12-20T13:03:28-08:00	Timestamp
Tax Period End Date	2010-06-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	BANKS FINLEY WHITE & CO	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	617 37TH STREET SOUTH	AddressLine1
City	BIRMINGHAM	City
State	AL	State
ZIP Code	35222	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2009-07-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	741238438	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	PAUL QUINN COLLEGE	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	PAUL	NameControl
Phone	2143795515	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	3837 SIMPSON STUART ROAD	AddressLine1
City	DALLAS	City
State	TX	State
ZIP Code	75241	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	ANTWANE OWENS	Name
Title	COO	Title
Phone	2143795515	Phone
Date Signed	2011-12-20	DateSigned

Preparer Preparer

Field	Value	IRS element (for citing)
Name	JEFFREY WHITE	Name

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	ANTWANE OWENS	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	3837 SIMPSON STUART RD	AddressLine1
City	DALLAS	City
State	TX	State
ZIP Code	75241	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	9682069	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c	X	Organization501c
Web Site	www.pqc.edu	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1872	YearFormation
State Legal Domicile	TX	StateLegalDomicile
Activity Or Mission Description	PAUL QUINN IS AN INSTITUTION OF HIGHER EDUCATION THAT PROVIDES SCHOLARSHIP AND VARIOUS SUPPORT SERVICES TO STUDENTS WITH VARIOUS BACKGROUNDS	ActivityOrMissionDescription
Nbr Voting Members Governing Body	20	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	20	NbrIndependentVotingMembers
Total Nbr Employees	68	TotalNbrEmployees
Total Nbr Volunteers	0	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Prior Year	5974924	ContributionsGrantsPriorYear
Contributions Grants Current Year	7489796	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	4337965	ProgramServiceRevenuePriorYear
Program Service Revenue CY	1768653	ProgramServiceRevenueCY
Investment Income Prior Year	172777	InvestmentIncomePriorYear
Investment Income Current Year	194478	InvestmentIncomeCurrentYear
Other Revenue Prior Year	842809	OtherRevenuePriorYear
Other Revenue Current Year	229142	OtherRevenueCurrentYear
Total Revenue Prior Year	11328475	TotalRevenuePriorYear
Total Revenue Current Year	9682069	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	5073191	SalariesEtcPriorYear
Salaries Etc Current Year	2700942	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	4760596	OtherExpensePriorYear
Other Expenses Current Year	5344899	OtherExpensesCurrentYear
Total Expenses Prior Year	9833787	TotalExpensesPriorYear
Total Expenses Current Year	8045841	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	1494688	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	1636228	RevenuesLessExpensesCY
Total Assets BOY	17809522	TotalAssetsBOY
Total Assets EOY	19514076	TotalAssetsEOY
Total Liabilities BOY	3269676	TotalLiabilitiesBOY
Total Liabilities EOY	2914211	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	14539846	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	16599865	NetAssetsOrFundBalancesEOY
Mission Description	PAUL QUINN IS AN INSTITUTION OF	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	7061277	Expense
Revenue	7489796	Revenue
Description	PAUL QUINN IS AN INSTITUTION OF HIGHER EDUCATION AND PROVIDES SCHOLARSHIPS AND VARIOUS SUPPORT SERVICES	Description
Total Program Service Expense	7061277	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	true	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	true	TermOrPermanentEndowments
Balance Sheet Amounts Reported	true	BalanceSheetAmountsReported
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	true	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	true	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	true	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	16	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	68	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Quid Pro Quo Contributions	false	QuidProQuoContributions
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOf
Funds To Pay Premiums	false	FundsToPayPremiums
Premiums Paid	false	PremiumsPaid
Excess Business Holdings	true	ExcessBusinessHoldings
Taxable Distributions	false	TaxableDistributions
Distribution To Donor	false	DistributionToDonor
Nbr Voting Governing Body Members	20	NbrVotingGoverningBodyMembers
Number Independent Voting Members	20	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	true	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	true	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	true	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	MR ANTWANE OWENS COO	BusinessNameLine1

Field	Value	IRS element (for citing)
Telephone Number	2143795573	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	3837 SIMPSON STUART ROAD	AddressLine1
City	DALLAS	City
State	TX	State
ZIP Code	752414331	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (22 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Key EmployeeKeyEmployee	Highest Compensated EmployeeHighestCompensatedEmployee	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	Individual Trustee Or DirectorIndividualTrusteeOrDirector
MICHAEL SORRELL
PRESIDENT	40.00	X	X	290125	0	0
BOB WEISS
MEMBER	2.00			0	0	0	X
WILLIAM BREWER
MEMBER	2.00			0	0	0	X
WALTER A KNOWLES
MEMBER	2.00			0	0	0	X
MATTHEW HILDRETH
MEMBER	2.00			0	0	0	X
BISHOP GREGORY GM INGRAM
MEMBER	2.00			0	0	0	X
REV JOHN MCCORMICK
MEMBER	2.00			0	0	0	X
TAMARA FIELDS
MEMBER	2.00			0	0	0	X
CHERYL MILLS BOGGESS
MEMBER	2.00			0	0	0	X
DON CLEVENGER JD
MEMBER	2.00			0	0	0	X
COMER COTTRELL
MEMBER	2.00			0	0	0	X
BC ALLEN
PROVOST	40.00	X	X	130000	0	0
ERMA JOHNSON HADLEY
MEMBER	2.00			0	0	0	X
REV DARRYL INGRAM
MEMBER	2.00			0	0	0	X
REV GEORGE JOHNSON JR
MEMBER	2.00			0	0	0	X
ELLIOTT S HALL JD
MEMBER	2.00			0	0	0	X
DAVID STEPHENS
MEMBER	2.00			0	0	0	X
REV FREDERICK HAYNES
MEMBER	2						X
HIAWATHA WILLIAMS
MEMBER	2						X
REV EL WRIGHT II
MEMBER	2						X
DENISE LYNN
MEMBER	2						X
A
	0						X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	420125	TotalReportableCompFromOrg
Number Individuals GT100 K	2	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	true	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (5 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
ACIS
3837 SIMPSON STUART ROAD	DALLAS	TX	75241	CONTRACT SERVICES	852240
JREYNOLDS & COMPANY INC
3837 SIMPSON STUART ROAD	DALLAS	TX	75241	CONTRACT SERVICES	465974
EXCELLENCE THROUGH INSIGHT
4516 LOVERS LANE SUITE 233	DALLAS	TX	75225	CONSULTING / PROFESSIONAL FEES	298050
PROGUARD SECURITY SERVICES
4300 N CENTRAL EXPRESSWAY SUITE 210	DALLAS	TX	75206	SECURITY SERVICES	224787
SUEZ ENERGY RESOURCES NA
1990 POST OAK BOULEVARD SUITE 1900	DALLAS	TX	77056	UTILITY SERVICES	209041

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	6	NumberOfContractorsGT100K
Government Grants	3521264	GovernmentGrants
All Other Contributions	3968532	AllOtherContributions
Total Contributions	7489796	TotalContributions

Program Service Revenue ProgramServiceRevenue

Field	Value	IRS element (for citing)
Description	TUITION AND FEES	Description
Business Code	611310	BusinessCode
Total Revenue Column	1768653	TotalRevenueColumn
Related Or Exempt Function Income	1768653	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Program Service Revenue	1768653	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	194478	TotalRevenueColumn
Related Or Exempt Function Income	194478	RelatedOrExemptFunctionIncome

Other Revenue Misc OtherRevenueMisc

Field	Value	IRS element (for citing)
Description	AUXILLARY ENTERPRISES	Description
Business Code	611310	BusinessCode
Total Revenue Column	229142	TotalRevenueColumn
Related Or Exempt Function Income	229142	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Other Revenue	229142	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	9682069	TotalRevenueColumn
Related Or Exempt Function Income	2192273	RelatedOrExemptFunctionIncome

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	420125	Total
Program Services	420125	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	1912124	Total
Program Services	1912124	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	0	Total
Program Services	0	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	146901	Total
Program Services	140241	ProgramServices
Management And General	6660	ManagementAndGeneral
Fundraising	0	Fundraising

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	221792	Total
Program Services	221792	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	1188470	Total
Program Services	1010200	ProgramServices
Management And General	178270	ManagementAndGeneral
Fundraising	0	Fundraising

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	71722	Total
Program Services	71722	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

Field	Value	IRS element (for citing)
Total	0	Total
Program Services	0	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	1008907	Total
Program Services	1008793	ProgramServices
Management And General	114	ManagementAndGeneral
Fundraising	0	Fundraising

Advertising Advertising

Field	Value	IRS element (for citing)
Total	19259	Total
Program Services	19259	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	98628	Total
Program Services	72985	ProgramServices
Management And General	25643	ManagementAndGeneral
Fundraising	0	Fundraising

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	2365	Total
Program Services	2365	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	398368	Total
Program Services	398322	ProgramServices
Management And General	46	ManagementAndGeneral
Fundraising	0	Fundraising

Travel Travel

Field	Value	IRS element (for citing)
Total	200876	Total
Program Services	200876	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Interest Interest

Field	Value	IRS element (for citing)
Total	45870	Total
Program Services	11468	ProgramServices
Management And General	34402	ManagementAndGeneral
Fundraising	0	Fundraising

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	704885	Total
Program Services	0	ProgramServices
Management And General	704885	ManagementAndGeneral
Fundraising	0	Fundraising

Insurance Insurance

Field	Value	IRS element (for citing)
Total	164494	Total
Program Services	129950	ProgramServices
Management And General	34544	ManagementAndGeneral
Fundraising	0	Fundraising

Other Expenses OtherExpenses (5 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices
AUXILLARY SERVICES	457705	457705
MAINTENANCE	485486	485486
BAD DEBT	99969	99969
OTHER	0	0
UTILITIES	397895	397895

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	8045841	Total
Program Services	7061277	ProgramServices
Management And General	984564	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	821490	BOY
EOY	1242275	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	254870	BOY
EOY	190515	EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
BOY	746923	BOY
EOY	561666	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	59000	BOY
EOY	161267	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	23083722	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	11159222	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	10969866	BOY
EOY	11924500	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
EOY	31000	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
BOY	2424305	BOY
EOY	2743059	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	2533068	BOY
EOY	2659794	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	17809522	BOY
EOY	19514076	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	542014	BOY
EOY	659269	EOY

Deferred Revenue DeferredRevenue

Field	Value	IRS element (for citing)
BOY	171029	BOY
EOY	103046	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	2556633	BOY
EOY	2151896	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	3269676	BOY
EOY	2914211	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	8301394	BOY
EOY	9761080	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	282667	BOY
EOY	883000	EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	5955785	BOY
EOY	5955785	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	14539846	BOY
EOY	16599865	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	17809522	BOY
EOY	19514076	EOY

Field	Value	IRS element (for citing)
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Consolidated	X	FinancialStatementConsolidated
Federal Grant Audit Required	true	FederalGrantAuditRequired
Federal Grant Audit Performed	true	FederalGrantAuditPerformed

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
School170b1 Aii	X	School170b1Aii
Public Support Total170	0	PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

Field	Value	IRS element (for citing)
Total	0	Total

Field	Value	IRS element (for citing)
Public Support Pertcentage170	0	PublicSupportPertcentage170
Public Support Total509	0	PublicSupportTotal509
Public Support Percentage509	0	PublicSupportPercentage509
Investment Income Percentage	0	InvestmentIncomePercentage

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 D IRS990ScheduleD

Current Year CurrentYear

Field	Value	IRS element (for citing)
Beginning Of Year Balance	2224068	BeginningOfYearBalance
Investment Earnings Or Losses	126726	InvestmentEarningsOrLosses
End Of Year Balance	2350794	EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

Field	Value	IRS element (for citing)
Beginning Of Year Balance	2883368	BeginningOfYearBalance
Investment Earnings Or Losses	-659300	InvestmentEarningsOrLosses
End Of Year Balance	2224068	EndOfYearBalance

Field	Value	IRS element (for citing)
Permanent Endowment EOY Balance	1.00000	PermanentEndowmentEOYBalance
Endowments Held By Unrelated Orgs	true	EndowmentsHeldByUnrelatedOrgs

Land Land

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	754713	InvestmentCostOrOtherBasis
Book Value	754713	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	14614408	InvestmentCostOrOtherBasis
Depreciation	4666362	Depreciation
Book Value	9948046	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	6766356	InvestmentCostOrOtherBasis
Depreciation	5871856	Depreciation
Book Value	894500	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	948245	InvestmentCostOrOtherBasis
Depreciation	621004	Depreciation
Book Value	327241	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	11924500	TotalOfBookValueLandBuildings

Financial Derivatives FinancialDerivatives

Field	Value	IRS element (for citing)
Book Value	2743059	BookValue
Method Of Valuation	F	MethodOfValuation

Field	Value	IRS element (for citing)
Total Of Book Value Securities	2743059	TotalOfBookValueSecurities

Other Assets OtherAssets (2 entries)

DescriptionDescription	Book ValueBookValue
BENEFICIAL INTEREST IN PERPETUAL TRUST	2350794
REAL ESTATE HELD FOR INVESTMENT	309000

Field	Value	IRS element (for citing)
Total Book Value Other Assets	2659794	TotalBookValueOtherAssets

Other Liabilities OtherLiabilities (2 entries)

DescriptionDescription	AmountAmount
CAPITAL LEASE OBLIGATIONS
NOTES PAYABLE	$2,151,896

Field	Value	IRS element (for citing)
Total Of Amounts	2151896	TotalOfAmounts
Total Revenue	9682069	TotalRevenue
Total Expenses	8045841	TotalExpenses
Excess Or Deficit For Year	1636228	ExcessOrDeficitForYear
Net Unrealized GL On Investments	423791	NetUnrealizedGLOnInvestments
Total Adjustments	423791	TotalAdjustments
Excess Or Deficit Per FS	2060019	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	10105860	TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments	423791	NetUnrealizedGainsInvestments
Revenue Not Rptd F990	423791	RevenueNotRptdF990
Revenue Subtotal	9682069	RevenueSubtotal
Total Revenue Per Form990	9682069	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	8045841	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	8045841	ExpensesSubtotal
Total Expenses Per Form990	8045841	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)

IdentifierIdentifier	ExplanationExplanation
Pt V Line 4	THE ENDOWMENT FUNDS ARE USED TO FURTHER THE MISSION OF THE
	COLLEGE, WHICH IS A PRIVATE INSTITUTION OF HIGHER EDUCATION THAT OFFERS DEGREE PROGRAMS IN THE ARTS, SCIENCE AND PROFESSIONAL STUDIES AT THE UNDERGRADUATE LEVEL
Pt II Line 9	N/A

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	true	NondiscriminatoryPolicyStmt
Policy Statement In Brochures Etc	true	PolicyStatementInBrochuresEtc
Policy Publ Via Broadcast Media	true	PolicyPublViaBroadcastMedia
Pub Via Broadcast Media Expln	PAUL QUINN PROVIDES A DETAILED NON-DISCRIMINATORY POLICY IN THE STUDENT HANDBOOK. DISCRIMINATION OF ANY KIND THREATENS THIS TYPE OF LEARNING ENVIRONMENT IN THAT IT COMPROMISES INSTITUTIONAL INTEGRITY AND TRADITIONAL ACADEMIC VALUES. DISCRIMINATION INHIBITS THE INDIVIDUALS PERFORMANCE AS A STUDENT OR EMPLOYEE AND VIOLATES ACCEPTABLE STANDARDS FOR ACCESSIBILITY, EQUAL OPPORTUNITY AND INTERRELATIONSHIPS.	PubViaBroadcastMediaExpln
Maint Racial Composition Records	true	MaintRacialCompositionRecords
Maint Scholarships Records	true	MaintScholarshipsRecords
Maint Copies Of Brochures Etc	true	MaintCopiesOfBrochuresEtc
Maint Copies Of All Solicitations	true	MaintCopiesOfAllSolicitations
Discriminate Race Students Rights	false	DiscriminateRaceStudentsRights
Discriminate Race Admiss Policies	false	DiscriminateRaceAdmissPolicies
Discriminate Race Emplmn Faculty	false	DiscriminateRaceEmplmnFaculty
Discriminate Race Scholarships	false	DiscriminateRaceScholarships
Discriminate Race Educ Policies	false	DiscriminateRaceEducPolicies
Discriminate Race Use Of Fclts	false	DiscriminateRaceUseOfFclts
Discriminate Race Athletic Prog	false	DiscriminateRaceAthleticProg
Discriminate Race Other Acty	false	DiscriminateRaceOtherActy
Government Financial Aid Received	true	GovernmentFinancialAidReceived
Government Financial Aid Revoked	false	GovernmentFinancialAidRevoked
Compliance With Rev Proc7550	true	ComplianceWithRevProc7550

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Compensation Committee	X	CompensationCommittee
Independent Consultant	X	IndependentConsultant
Form990 Of Other Organizations	X	Form990OfOtherOrganizations
Written Employment Contract	X	WrittenEmploymentContract
Board Or Committee Approval	X	BoardOrCommitteeApproval
Severance Payment	false	SeverancePayment
Supplemental Nonqual Retire Plan	false	SupplementalNonqualRetirePlan
Equity Based Comp Arrangement	false	EquityBasedCompArrangement
Comp Based On Revenue Of Filing Org	false	CompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related Orgs	false	CompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing Org	false	CompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate Orgs	false	CompBasedNetEarningsRelateOrgs
Any Non Fixed Payments	false	AnyNonFixedPayments
Initial Contract Exception	false	InitialContractException

Form990 Schedule J Part II Form990ScheduleJPartII (2 entries)

Base Compensation Filing OrgBaseCompensationFilingOrg	Total Compensation Filing OrgTotalCompensationFilingOrg
MICHAEL SORRELL
290125	290125
BC ALLEN
130000	130000

Schedule M IRS990ScheduleM

Other Non Cash Contributions Table OtherNonCashContributionsTable (2 entries)

Non Cash CheckboxNonCashCheckbox	DescriptionDescription	Number Of ContributionsNumberOfContributions	Noncash Contribs Rptd F990NoncashContribsRptdF990	Method Of Determining RevenuesMethodOfDeterminingRevenues
X	LEGAL SERVICES	1	1010200	FAIR MARKET VALUE
X	TRANSPORTATION VOUCHERS	1	45000

Field	Value	IRS element (for citing)
Any Property That Must Be Held	false	AnyPropertyThatMustBeHeld
Review Process Unusual NC Gifts	false	ReviewProcessUnusualNCGifts
Third Parties Used	false	ThirdPartiesUsed

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (28 entries)

IdentifierIdentifier	ExplanationExplanation
Pt VI-B, Line 12c	Employees are required to file a disclosure form with the COO as soon as they have
	knowledge of the College transaction or proposed transaction with an
	outside individual, business, or other organization that would create
	a conflict of interest or the appearance of one. All disclosures required
	under this policy must be directed in writing to the COO. The COO
	will promptly review all disclosures and determines which interests are in
	conflict and which, if any, can be resolved. Officers of the College
	and any employees who purchase goods or services for the College
	or who enter into and administer contracts on behalf of the College
	must complete and file an annual Conflict of Interest Disclosure Form
Pt VI-B, Line 15	The President's contract is reviewed annually by a compensation committee that
	is a subset of the Board of Trustees selected by the Chairman of the Board
	This review typically takes place during the May Board meeting and the results
	of this review are used to determine compensation. The Board subsequently sets
	goals and objectives for the coming year. The deliberations are captured in the Board minutes.
Pt VI-B, Line 11A	The 990 return is reviewed by the Chief financial officer, in conjunction
	with a group of designated board members who possess the necessary
	knowledge to comprehend tax termonology.
Pt VI-A, Line 4	The College has changed its organizational
	structure in that normal financial staffing with
	management company personnel at the COO and Comptroller
	level.
Pt VI-c, Line 19	The organization responds to all reasonable requests
	for its governing documents, conflict of interest
	policy or financial statements. Those requests
	c
	timely manner.
	a