PAINE COLLEGE: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- PAINE COLLEGE (EIN 23-7434499)
- Tax period
- 2009-07-01 to 2010-06-30
- Filed
- 2011-05-11
- IRS object ID
- 201131319349300628
- Schema version
- 2009v1.7
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-05-11T10:46:58-05:00 | 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 | Cherry Bekaert & Holland LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1029 Greene Street | AddressLine1 |
| City | Augusta | City |
| State | GA | State |
| ZIP Code | 30901 | 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 | 237434499 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PAINE COLLEGE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | PAIN | NameControl |
| Phone | 7068218217 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1235 FIFTEENTH STREET | AddressLine1 |
| City | AUGUSTA | City |
| State | GA | State |
| ZIP Code | 30901 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DR GEORGE C BRADLEY | Name |
| Title | PRESIDENT | Title |
| Phone | 7068218315 | Phone |
| Date Signed | 2011-05-05 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Elizabeth Morrison | Name |
| Phone | 7067243557 | Phone |
| Date Prepared | 2011-05-05 | DatePrepared |
| 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 | DR GEORGE C BRADLEY | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1235 15TH STREET | AddressLine1 |
| City | AUGUSTA | City |
| State | GA | State |
| ZIP Code | 30901 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 18455701 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | www.paine.edu | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1882 | YearFormation |
| State Legal Domicile | GA | StateLegalDomicile |
| Activity Or Mission Description | HIGHER EDUCATION AND EMPHASIZES ETHICAL AND SPIRITUAL VALUES | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 27 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 27 | NbrIndependentVotingMembers |
| Total Nbr Employees | 722 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 5297426 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 5275835 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 11611737 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 12778679 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 321827 | InvestmentIncomePriorYear |
| Investment Income Current Year | 245800 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 134050 | OtherRevenuePriorYear |
| Other Revenue Current Year | 155387 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 17365040 | TotalRevenuePriorYear |
| Total Revenue Current Year | 18455701 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 1108857 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 1454051 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 8510537 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 10537448 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 7396029 | OtherExpensePriorYear |
| Other Expenses Current Year | 6477009 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 17015423 | TotalExpensesPriorYear |
| Total Expenses Current Year | 18468508 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 349617 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -12807 | RevenuesLessExpensesCY |
| Total Assets BOY | 24009493 | TotalAssetsBOY |
| Total Assets EOY | 25767243 | TotalAssetsEOY |
| Total Liabilities BOY | 6043086 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 7236338 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 17966407 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 18530905 | NetAssetsOrFundBalancesEOY |
| Mission Description | Paine College strives to provide a quality liberal arts education that emphasizes ethical and spiritual values, social responsibility and personal development. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 12163812 | Expense |
| Grants | 1454051 | Grants |
| Revenue | 12934066 | Revenue |
| Description | The purpose of the college is for the higher education of students. | Description |
| Total Program Service Expense | 12163812 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | 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 | 1 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | 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 | 41 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 722 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Form8899 Filed | 1 | Form8899Filed |
| Form1098 C Filed | 1 | Form1098CFiled |
| Nbr Voting Governing Body Members | 27 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 27 | 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 |
| States Where Copy Of Return Is Filed | GA | StatesWhereCopyOfReturnIsFiled |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DR GEORGE BRADELY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 7068218200 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PAINE COLLEGE | AddressLine1 |
| City | AUGUSTA | City |
| State | GA | State |
| ZIP Code | 30901 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (34 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 |
|---|---|---|---|---|---|---|---|
| rev cindy h autry | |||||||
| trustee | 5.00 | X | 0 | 0 | 0 | ||
| Mr Clayton P Boardman III | |||||||
| trustee | 1.00 | X | 0 | 0 | 0 | ||
| rev gary dean | |||||||
| trustee | 1.00 | X | 0 | 0 | 0 | ||
| rev james cason | |||||||
| trustee | 1.00 | X | 0 | 0 | 0 | ||
| dr carmichael crutchfield | |||||||
| trustee | 1.00 | X | 0 | 0 | 0 | ||
| Dr eddie cheeks | |||||||
| trustee | 1.00 | X | 0 | 0 | 0 | ||
| Dr Varnell gaines | |||||||
| trustee | 1.00 | X | 0 | 0 | 0 | ||
| rev dr paul gardner | |||||||
| trustee | 1.00 | X | 0 | 0 | 0 | ||
| mr wayne b kendall | |||||||
| trustee | 1.00 | X | 0 | 0 | 0 | ||
| bishop james r king jr | |||||||
| trustee | 1.00 | X | 0 | 0 | 0 | ||
| bishop othal h lakey | |||||||
| trustee | 1.00 | X | 0 | 0 | 0 | ||
| dr okoroafor nzeh | |||||||
| trustee | 1.00 | X | 0 | 0 | 0 | ||
| mr david peterson | |||||||
| trustee | 1.00 | X | 0 | 0 | 0 | ||
| mrs harriet reid | |||||||
| trustee | 1.00 | X | 0 | 0 | 0 | ||
| dr louise rice | |||||||
| trustee | 1.00 | X | 0 | 0 | 0 | ||
| dr silas norman jr | |||||||
| trustee | 1.00 | X | 0 | 0 | 0 | ||
| rev dumas shelnutt jr | |||||||
| trustee | 1.00 | X | 0 | 0 | 0 | ||
| mr fred thompson | |||||||
| trustee | 1.00 | X | 0 | 0 | 0 | ||
| bishop benjamin m watson | |||||||
| trustee | 1.00 | X | 0 | 0 | 0 | ||
| robert l bell | |||||||
| trustee emeriti | 1.00 | X | 0 | 0 | 0 | ||
| rev william g griffin | |||||||
| trustee emeriti | 1.00 | X | 0 | 0 | 0 | ||
| bishop marshall gilmore | |||||||
| trustee emeriti | 1.00 | X | 0 | 0 | 0 | ||
| dr ora mcconner jones | |||||||
| trustee emeriti | 1.00 | X | 0 | 0 | 0 | ||
| mark callaway | |||||||
| distinguished trustee | 1.00 | X | 0 | 0 | 0 | ||
| ms jessye norman | |||||||
| distinguished trustee | 1.00 | X | 0 | 0 | 0 | ||
| DRGEORGE C BRADLEY | |||||||
| PRESIDENT | 40.00 | 160000 | 0 | 14498 | X | X | |
| dr marshalita peterson | |||||||
| interim vp for academic affairs | 40.00 | 82000 | 0 | 506 | X | ||
| dr tina cardenas | |||||||
| interim vp for student affairs | 40.00 | 80000 | 0 | 8440 | X | ||
| mr leroy summers | |||||||
| vp for administrative & fiscal affa | 40.00 | 130000 | 0 | 361 | X | X | |
| mr brandon brown | |||||||
| vp for institutional advancement | 40.00 | 80000 | 0 | 4282 | X | ||
| dr cheryl evans jones | |||||||
| exec asst to president | 40.00 | 85000 | 0 | 9382 | X | ||
| dr tina marshall-bradley | |||||||
| interim asst vp for academic affair | 40.00 | 61800 | 0 | 4197 | X | ||
| ms frances wimberly | |||||||
| asst vp for institutional advanceme | 40.00 | 64000 | 0 | 4282 | X | ||
| ms helene carter | |||||||
| asst vp for institutional advanceme | 40.00 | 65000 | 0 | 3929 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 807800 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 49877 | TotalOtherCompensation |
| Number Individuals GT100 K | 2 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| THOMPSON HOSPITALITY LLC | |||||
| 505 HUNTER PARK DRIVE | HERNDON | VA | 20170 | FOOD SERVICE COMPANY | 786830 |
| WFF MANAGEMENT SERVICES | |||||
| PO BOX 958204 | st louis | MO | 631958204 | MAINTENANCE AND CUSTODIAL | 320264 |
| robinson group consulting inc | |||||
| 1604 darien club dr | darien | IL | 60561 | consulting | 230138 |
| t l clark | |||||
| 11071 bunkerhill drive | los alamitos | CA | 90720 | SCHOOL SUPPLY | 166129 |
| vista design group inc | |||||
| 7001 st andrews rd 374 | columbia | SC | 29212 | landscaping | 153000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 7 | NumberOfContractorsGT100K |
| Government Grants | 3165971 | GovernmentGrants |
| All Other Contributions | 2109864 | AllOtherContributions |
| Total Contributions | 5275835 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| STUDENT TUITION & FEES | 611710 | 9811681 | 9811681 |
| AUXILLIARY ENTERPRISES | 611710 | 2966998 | 2966998 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 12778679 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 245800 | TotalRevenueColumn |
| Exclusion | $245,800 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | OTHER INCOME | Description |
| Business Code | 611710 | BusinessCode |
| Total Revenue Column | 155387 | TotalRevenueColumn |
| Related Or Exempt Function Income | 155387 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 155387 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 18455701 | TotalRevenueColumn |
| Related Or Exempt Function Income | 12934066 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $245,800 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1454051 | Total |
| Program Services | 1454051 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 807800 | Total |
| Management And General | 807800 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7675947 | Total |
| Program Services | 6741524 | ProgramServices |
| Management And General | 934423 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2053701 | Total |
| Program Services | 1401575 | ProgramServices |
| Management And General | 652126 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14767 | Total |
| Management And General | 14767 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 51809 | Total |
| Management And General | 51809 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 76974 | Total |
| Management And General | 76974 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19367 | Total |
| Program Services | 399 | ProgramServices |
| Management And General | 18968 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 614325 | Total |
| Program Services | 276531 | ProgramServices |
| Management And General | 337794 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 87984 | Total |
| Program Services | 29655 | ProgramServices |
| Management And General | 58329 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1902254 | Total |
| Program Services | 984331 | ProgramServices |
| Management And General | 917923 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 569916 | Total |
| Program Services | 375552 | ProgramServices |
| Management And General | 194364 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 208356 | Total |
| Management And General | 208356 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 699375 | Total |
| Management And General | 699375 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 310223 | Total |
| Management And General | 310223 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Management And GeneralManagementAndGeneral | Program ServicesProgramServices |
|---|---|---|---|
| OTHER INSTITUTIONAL SUP | 725583 | 725583 | |
| FOOD CONTRACTS | 708793 | 708793 | |
| PROVISIONS FOR DOUBTFUL | 295882 | 295882 | |
| AUXILlIARY ENterPRISES | 191401 | 191401 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18468508 | Total |
| Program Services | 12163812 | ProgramServices |
| Management And General | 6304696 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 820065 | BOY |
| EOY | 1195348 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2196422 | BOY |
| EOY | 2024504 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1895029 | BOY |
| EOY | 2110324 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8807 | BOY |
| EOY | 8807 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22644 | BOY |
| EOY | 22644 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 28675798 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 17058558 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10965174 | BOY |
| EOY | 11617240 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6701236 | BOY |
| EOY | 6759130 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1119584 | BOY |
| EOY | 1388748 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 280532 | BOY |
| EOY | 640498 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 24009493 | BOY |
| EOY | 25767243 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 817263 | BOY |
| EOY | 1637292 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1466763 | BOY |
| EOY | 1182672 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3030192 | BOY |
| EOY | 3687506 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 728868 | BOY |
| EOY | 728868 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6043086 | BOY |
| EOY | 7236338 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8109620 | BOY |
| EOY | 8252976 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5477391 | BOY |
| EOY | 5391492 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4379396 | BOY |
| EOY | 4886437 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17966407 | BOY |
| EOY | 18530905 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 24009493 | BOY |
| EOY | 25767243 | 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 Separate | X | FinancialStatementSeparate |
| 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 D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 7977525 | BeginningOfYearBalance |
| Contributions | 339244 | Contributions |
| Investment Earnings Or Losses | 546240 | InvestmentEarningsOrLosses |
| Administrative Expenses | 593218 | AdministrativeExpenses |
| End Of Year Balance | 8269791 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 9551999 | BeginningOfYearBalance |
| Contributions | 306238 | Contributions |
| Investment Earnings Or Losses | 206186 | InvestmentEarningsOrLosses |
| Other Expenditures | 1119522 | OtherExpenditures |
| Administrative Expenses | 967376 | AdministrativeExpenses |
| End Of Year Balance | 7977525 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Permanent Endowment EOY Balance | 0.59000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.41000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1863022 | OtherCostOrOtherBasis |
| Book Value | 1863022 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 18909139 | OtherCostOrOtherBasis |
| Depreciation | 17058558 | Depreciation |
| Book Value | 1850581 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 615754 | OtherCostOrOtherBasis |
| Book Value | 615754 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 6767883 | OtherCostOrOtherBasis |
| Book Value | 6767883 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 520000 | OtherCostOrOtherBasis |
| Book Value | 520000 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 11617240 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | SHORT-TERM INVESTMENTS | Description |
| Book Value | 1388748 | BookValue |
| Method Of Valuation | F | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 1388748 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | advances from federal government for student loan | Description |
| Amount | $728,868 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 728868 | TotalOfAmounts |
| Total Revenue | 18455701 | TotalRevenue |
| Total Expenses | 18468508 | TotalExpenses |
| Excess Or Deficit For Year | -12807 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 441782 | NetUnrealizedGLOnInvestments |
| Prior Period Adjustments | 135523 | PriorPeriodAdjustments |
| Total Adjustments | 577305 | TotalAdjustments |
| Excess Or Deficit Per FS | 564498 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 18820509 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 441782 | NetUnrealizedGainsInvestments |
| Revenue Not Rptd F990 | 441782 | RevenueNotRptdF990 |
| Revenue Subtotal | 18378727 | RevenueSubtotal |
| Other Revenues Not Included | 76974 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 76974 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 18455701 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 18391534 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 18391534 | ExpensesSubtotal |
| Other Expenses Not Included | 76974 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 76974 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 18468508 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (4 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Part V, Line 4: | Description of Intended Use of Endowment Funds: | TEMPORARILY RESTRICTED - NET ASSETS RESULTING FROM CONTRIBUTIONS RESTRICTED BY OUTSIDE SOURCES ARE REPORTED AS TEMPORARILY RESTRICTED AND ARE DISTINGUISHED FROM UNRESTRICTED NET ASSETS ALLOCATED TO SPECIFIC PURPOSE BY ACTION OF THE GOVErNING BOARD. EXTERNALLY RESTRICTED NET ASSETS MAY ONLY BE UTILIZED IN ACCORDANCE WITH THE PURPOSES ESTABLISHED BY THE SOURCE OF NET ASSETS AND ARE IN CONTRAST WITH UNRESTRICTED NET ASSETS OVER WHICH THE GOVERNING BOARD RETAINS FULL CONTROL FOR USE IN ACHIEVING ANY OF ITS INSTITUTIONAL PURPOSES. HOWEVER, IF A RESTRICTION IS FULFILLED IN THE SAME TIME PERIOD IN WHICH THE CONTRIBUTION IS RECEIVED, THE COLLEGE REPORTS THE SUPPORT AS UNRESTRICTED. PERMANENTLY RESTRICTED - NET ASSETS ARISING FROM CONTRIBUTIONS, WHICH ARE REQUIRED TO BE INVESTED AND MAINTAINED IN PERPETUITY, ARE CLASSIFIED AS PERMANENTLY RESTRICTED. NET INVESTMENT INCOME ON ASSETS PLEDGED FOR PERMANENTLY RESTRICTED NET ASSETS IS CLASSIFIED AS RESTRICTED EARNINGS OR GAINS, BASED ON RESTRICTIONS PLACED ON THE USE OF THE NET APPRECIATION BY THE DONOR. |
| Part X: | Description of Uncertain Tax Positions Under FIN 48: | The College has evaluated the effect of GAAP guidance on Accounting for Uncertainty in Income Taxes that became effective this year. The College is tax exempt under Section 501(c)(3) of the Internal Revenue Code. Management believes that the College continues to satisfy the requirements of a tax-exempt organization and therefore had no uncertain income tax positions at June 30, 2010. |
| Part XII, Line 4b - Other Adjustments: | investment expense reported under functional expenses: 76974. | |
| Part XIII, Line 4b - Other Adjustments: | investment expense reported under functional expenses: 76974. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Govt Financial Aid Explanation | THE COLLEGE ADMINISTERS THE FEDERAL PERKINS LOAN PROGRAM TO PROVIDE FINANCIAL AID TO STUDENTS. | GovtFinancialAidExplanation |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII (2 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant | Method Of ValuationMethodOfValuation |
|---|---|---|---|
| institutional SCHOLARSHIP | 63 | 362788 | BOOK |
| institutional scholarship and grants | 316 | 1091263 |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Procedure for Monitoring Grants in the U.S.: | Identifier |
| Return Reference | Part I, Line 2: | ReturnReference |
| Explanation | Schedule I, Part I, Line 2: THE ADMISSIONS OFFICE MAKES THE DETERMINATION FOR THE INSTITUTIONAL (SCHOLASTIC - ACADEMIC, CSRA, PRESIDENTIAL, TRANSFER) SCHOLARSHIPS. THE CRITERIA IS BASED ON HIGH SCHOOL GRADE POINT AVERAGE, ACT OR SAT SCORES, AND COLLEGE GPA AND EARNED HOURS. ONCE ADMISSIONS DETERMINES ELIGIBILITY, AWARDS ARE DISTRIBUTED BY THE FINANCIAL AID OFFICE. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DRGEORGE C BRADLEY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Base Compensation Filing Org | 160000 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 0 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 14449 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 49 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 174498 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (9 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| Form 990, Part VI, Section B, line 11 | THE FORM 990 WAS PRESENTED TO THE FINANCE COMMITTEE FOR THEIR APPROVAL. | |
| Form 990, Part VI, Section B, line 12c | IT IS THE POLICY OF PAINE COLLEGE TO PROHIBIT ITS EMPLOYEES FROM ENGAGING IN ANY ACTIVITY, PRACTICE, OR ACT WHICH CONFLICTS WITH, OR APPEARS TO CONFLICT WITH, THE INTEREST OF THE COLLEGE, ITS DONORS OR ITS CUSTOMER ORGANIZATIONS. EMPLOYEES HAVE AN OBLIGATION TO AVOID CONFLICT OF INTEREST AND THE APPEARANCE OF CONFLICT OF INTEREST AND TO REFER QUESTIONS OR CONCERNS ABOUT POTENTIAL CONFLICTS OF INTEREST TO THEIR SUPERVISOR. | |
| Form 990, Part VI, Section B, line 15 | THE EXECUTIVE DIRECTORS' COMPENSATION SHALL BE REViEWED AND SET ANNUALLY BY THE EXECUTIVE COMMITTEE AFTER THE EXECUTIVE SESSION. | |
| Form 990, Part VI, Section C, line 18 | PAINE COLLEGE'S 990 is posted on the ANOTHER'S website. FORMs 1023 AND 990 ARE also AVAILABLE UPON REQUEST. | |
| Form 990, Part VI, Section C, line 19 | PAINE COLLEGE'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. | |
| FORM 990, PART XI, 2A AND 2C | PAINE COLLEGE'S FINANCE COMMITTEE CONSTITUTES A STANDING COMMITTEE OF THE BOARD AND RECOMMENDS, FOR APPROVAL OF THE BOARD, AN ACCOUNTANT OR FIRM OF ACCOUNTANTS, TO REVIEW THE FINANCIAL OPERATIONS OF THE ORGANIZATION. | FINANCE COMMITTEE |
| form 990, PART xi, page 11 single audit act and omb circular a-133 THE ORGANIZATION HAS DESIGNED AND IMPLEmeNTED INTERNAL CONTROLS OVER COMPLIANCE WITH GRANT REQUIREMENTS. THE ORGANIZATION IS ALSO SUBJECT TO AN ANNUAL OMB CIRCULAR A-133 AUDIT, WHICH TESTS THE ORGANIZATION'S INTERNAL CONTROLS OVER COMPLIANCE FOR FEDERAL GRANT COMPlIANCE REQUIREMENTS. | ||
| FORM 990, PART V, 7G, & 7H | THE ORGANIZTION DID NOT RECEIVE CONTRIBUTIONS OF QUALIFIED INTELLECTUAL PROPERTY AND WAS THEREFORE NOT REQUIRED TO FILE FORM 8899. THE ORGANIZTION DID NOT RECEIVE CONTRIBUTIONS OF CARS AND WAS THEREFORE NOT REQUIRED TO FILE FORM 1098-C. THE ORGANIZATION DID NOT HAVE ANY REPORTABLE GAMING (GAMBLING) WINNINGS TO PRIZE WINNERS AND THEREFORE THE BACKUP WITHOLDING RULES DID NOT APPLY. | FORM 8899 AND 1098-C |
| form 990, PART vi, section b, LINE 14 | ALL RECORDS MUST BE RETAINED FOR THE LENGTH OF TIME SPECIFIED BY THE FEDERAL OFFICE OF MANAGEMENT & BUDGET. IF ANY LITIGATION WERE INITIATED PRIOR TO THE SIX-YEAR LIMITATION, RECORDS MUST BE KEPT UNTIL THE RESOLUTION OF ALL ISSUES ARISING FROM THESE ACTIONS. | rentention of records |
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