2026-04-14T11:09:01-05:00 2025-05-31 332621854 CRI CAPIN CROUSE ADVISORS LLC 345 MASSACHUSETTS AVE STE 300 INDIANAPOLIS IN 46204 990 2024-06-01 570474291 CHARLESTON SOUTHERN UNIVERSITY CHAR 8438638000 PO BOX 118087 CHARLESTON SC 294238087 SHANNON MORRISON VP FOR FINANCE/CFO 8438638000 2026-04-14 1 0 DAREN DAIGA P01074795 5055022746 2026-04-14 2024 2025-03-06 01:10:19Z B KEITH FAULKNER PO BOX 118087 CHARLESTON SC 294238087 134347435 0 X WWW.CSUNIV.EDU X 1960 SC THE UNIVERSITY'S MISSION IS TO PROMOTE ACADEMIC EXCELLENCE IN A CHRISTIAN ENVIRONMENT. 25 25 1117 235 0 0 5080662 5279433 107809936 116423208 3243623 3503426 15766 33897 116149987 125239964 40711596 45269114 0 0 33769949 36468160 0 0 1534064 39500566 42327246 113982111 124064520 2167876 1175444 207899405 237633217 56688120 86514049 151211285 151119168 X CHARLESTON SOUTHERN UNIVERSITY (CSU) IS A PRIVATE, FOUR-YEAR CO-EDUCATIONAL INSTITUTION ORGANIZED UNDER THE LAWS OF THE STATE OF SOUTH CAROLINA AS A NON-PROFIT ORGANIZATION AND SPONSORED BY THE SOUTH CAROLINA BAPTIST CONVENTION. THE UNIVERSITY'S MISSION IS TO PROMOTE ACADEMIC EXCELLENCE IN A CHRISTIAN ENVIRONMENT. 0 0 78884346 45269114 99222063 INSTRUCTION: FOR THE FISCAL YEAR 2024-25, ENROLLMENT WAS 3866 UNDERGRADUATE AND GRADUATE STUDENTS COMPLETING TRADITIONAL, ONLINE, AND HYBRID COURSES. 792 DEGREES (614 UNDERGRADUATE, 178 GRADUATE AND DOCTORAL) WERE CONFERRED DURING THE YEAR, AND THE TOTAL NUMBER OF FULL-TIME PROFESSORS WAS 198 INCLUDING DEANS AND ADMINISTRATIVE APPOINTEES. WE OFFERED 75 UNDERGRADUATE DEGREES/CONCENTRATIONS AND 29 GRADUATE DEGREE/CONCENTRATIONS PROGRAMS. CHARLESTON SOUTHERN UNIVERSITY IS REGIONALLY ACCREDITED BY THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS COMMISSION ON COLLEGES (SACSCOC), WHOSE MISSION IS TO "ASSURE THE EDUCATIONAL QUALITY AND IMPROVE THE EFFECTIVENESS OF ITS MEMBER INSTITUTIONS". CSU IS IN GOOD STANDING WITH SACSCOC AND OUR NEXT SACSCOC FULL 10-YEAR REVIEW WILL OCCUR IN 2026-27. CSU OFFERED 3712 COURSES INCLUDING ONLINE AND GRADUATE COURSES DURING THE 2024-2025 ACADEMIC YEAR. THE UNIVERSITY EXPERIENCED A SIGNIFICANT RETURN OF FULL-TIME TRADITIONAL STUDENTS WHILE EXPANDING PROGRAM OFFERINGS FOR NON-TRADITIONAL STUDENTS. DEANS, SENIOR ADMINISTRATORS, AND FACULTY MEMBERS ARE CONTINUALLY IN TOUCH WITH LOCAL EMPLOYERS, MANY OF WHOM SERVE ON OUR ADVISORY BOARDS FOR THE VARIOUS COLLEGES AND DIVISIONS, INCLUDING BUSINESS, EDUCATION, NURSING, AND COMPUTER SCIENCE. CSU CONTINUES TO DEVELOP NEW PROGRAMS TO INCREASE WORKFORCE READINESS THROUGH INTERNSHIPS. AS THE PREFERENCE FOR REMOTE WORKING CONTINUES, WE HAVE FOUND MORE EMPLOYERS ARE SEEKING TO ENROLL THEIR EMPLOYEES IN ONLINE CLASSES TO ENHANCE THEIR MASTERY OF TECHNOLOGY VIA THE INTERNET. WE CONTINUE TO INCREASE THE ENROLLMENT IN OUR BS IN AERONAUTICS DEGREE PROGRAM. WE CURRENTLY HAVE 172 STUDENTS TAKING THESE CLASSES. WE CONTINUE TO REVIEW THEIR INTEREST LEVELS IN SPECIFIC AREAS AND HAVE UPFITTED AN ON-CAMPUS SIMULATION LAB AND INSTRUCTIONAL SPACES FOR THE LARGE NUMBER OF STUDENTS INTERESTED IN PURSUING THIS DEGREE. THE PHYSICAL THERAPY PROGRAM CONTINUES TO GROW WITH A NEW COHORT OF 48 STUDENTS ENTERING THE PROGRAM EACH MAY. THE HEALTH SCIENCE BUILDING WAS FITTED WITH THE APPROPRIATE EQUIPMENT IN THE LABORATORIES AND CLASSROOMS THAT WILL ENHANCE THE ABILITIES TO CONDUCT RESEARCH AND PRACTICE NEW SKILLS. SIMILARLY, THE PHYSICIAN ASSISTANT PROGRAM CONTINUES TO BE A GROWING PROGRAM WITH HIGH LEVELS OF COMPETITION FOR ADMISSION. CSU FACULTY AND STAFF REMAIN INVOLVED WITH THE TRIDENT ADVISORY BOARD, TRIDENT UNITED WAY LITERACY PROGRAM, THE LOWCOUNTRY STEM COLLABORATIVE, AND THE CHARLESTON METRO CHAMBER OF COMMERCE, AND CONTINUE TO INCREASE OUR OPPORTUNITIES TO BUILD PARTNERSHIPS WITH INTERNATIONAL COMPANIES WHO HAVE A LOCAL PRESENCE. THE COLLEGE OF EDUCATION HAS ALSO PARTNERED WITH THE LOCAL SCHOOL DISTRICTS TO PROVIDE NEEDED EXPANSION OF PROGRAMS AND CERTIFICATE OPPORTUNITIES TO BETTER SERVE THE REGION. THE TEACHER CADET PROGRAM REMAINS ONE OF THE LARGEST PROGRAMS IN THE STATE. 20205506 0 4300221 STUDENT SERVICES: CONSISTS OF CAMPUS MINISTRIES, RESIDENCE LIFE, CAREER SERVICES, STUDENT ACTIVITIES, COUNSELING SERVICES, CAMPUS RECREATION, CAMPUS SECURITY, AND TITLE IX. THE ENROLLMENT SERVICES OFFICE IS HOUSED IN THE HUNTER CENTER. ENROLLMENT SERVICES IS COMPRISED OF THE FOLLOWING: ADMISSIONS (UNDERGRADUATE AND GRADUATE), FINANCIAL AID, STUDENT ACCOUNTS, VA SERVICES, ENROLLMENT OPERATIONS, THE CASHIER'S OFFICE, AND THE REGISTRAR'S OFFICE. THE ENROLLMENT SERVICES OFFICE HANDLES ALL UNDERGRADUATE AND GRADUATE RECRUITING. THE ADMISSIONS OFFICE HANDLES MULTIPLE COMMUNICATION CHANNELS FOR MORE THAN 40,000 PROSPECTIVE STUDENTS ANNUALLY, RESULTING IN MORE THAN 1,400 NEW STUDENTS EACH YEAR. THE FINANCIAL AID OFFICE PROCESSED MORE THAN $100 MILLION OF FEDERAL, STATE, AND INSTITUTIONAL FINANCIAL AID FOR MORE THAN 3,300 STUDENTS DURING THE 2024-2025 ACADEMIC YEAR. APPROXIMATELY NINETY-SEVEN PERCENT OF THE UNIVERSITY'S UNDERGRADUATE POPULATION RECEIVES SOME TYPE OF FINANCIAL ASSISTANCE. CHARLESTON SOUTHERN HAS BEEN RECOGNIZED FOR THE FOLLOWING: ONE OF AMERICA'S 100 BEST COLLEGE BUYS, A COLLEGE OF DISTINCTION, ONE OF AMERICA'S BEST CHRISTIAN COLLEGES, AND A U.S. NEWS AND WORLD REPORT BEST ONLINE COLLEGE. THE UNIVERSITY CONTINUES TO PROMOTE ACADEMIC EXCELLENCE IN A CHRISTIAN ENVIRONMENT. IN ADDITION, CSU IS PROUD OF ITS CONSISTENT SUPPORT OF VETERANS AND MILITARY AFFILIATED STUDENTS. THE SCHOOL GENEROUSLY PARTICIPATES IN THE YELLOW RIBBON PROGRAM, PROVIDING ADDITIONAL FUNDING FOR STUDENTS USING THE POST 9/11 GI BILL. OVER 500 VETERANS AND DEPENDENTS UTILIZED VETERAN EDUCATION BENEFITS AT CHARLESTON SOUTHERN UNIVERSITY DURING THE 2024-25 ACADEMIC YEAR. CONSISTENT PARTICIPATION IN THE DOD MEMORANDUM OF UNDERSTANDING AND PRINCIPLES OF EXCELLENCE PROGRAMS DEMONSTRATES CSU'S COMMITMENT TO THE MILITARY COMMUNITY. 12000172 0 12877350 AUXILIARY ENTERPRISES: THE UNIVERSITY'S AUXILIARY ENTERPRISES CONSIST PRIMARILY OF RESIDENCE LIFE, CAMPUS DINING SERVICES, THE CAMPUS BOOKSTORE, AND CONFERENCE AND CAMP OPERATIONS THAT SUPPORT STUDENTS, FACULTY, STAFF, AND EXTERNAL GROUPS.DINING SERVICES - INCLUDING THE MAIN DINING HALL, JAVA CITY, BUC STOP DINER, AND CHICK-FIL-A EXPRESS - ARE OPERATED AND MANAGED BY ARAMARK. THE CAMPUS BOOKSTORE IS OPERATED AND MANAGED BY SLINGSHOT.DURING THE SUMMER MONTHS, THE UNIVERSITY HOSTS EXTERNAL YOUTH AND CHURCH-AFFILIATED CAMPS AND CONFERENCES, INCLUDING PARTNERSHIPS WITH THE SOUTH CAROLINA BAPTIST CONVENTION FOR ITS SUMMERSALT AND KIDSALT PROGRAMS, AS WELL AS OTHER LARGE CHURCH CAMPS. THESE PROGRAMS UTILIZE CAMPUS HOUSING, DINING, AND FACILITIES AND TYPICALLY SERVE APPROXIMATELY 3,500 - 4,000 PARTICIPANTS EACH SUMMER.THESE AUXILIARY ACTIVITIES GENERATE REVENUE THAT SUPPORTS THE UNIVERSITY'S OPERATIONS WHILE MAXIMIZING USE OF CAMPUS FACILITIES OUTSIDE THE ACADEMIC YEAR. 2605945 0 23574 ACADEMIC SUPPORT: THE UNIVERSITY LIBRARY (APPROXIMATELY 250,000 VOLUMES HELD) PROVIDES ONLINE AND IN-PERSON SUPPORT FOR THE PRINCIPAL ACADEMIC DIVISIONS. THE L. MENDEL RIVERS LIBRARY INCLUDES A COFFEEHOUSE, JAVA CITY, ON THE MAIN FLOOR AND SEVERAL SMALL STUDY ROOMS AVAILABLE BY RESERVATION FOR STUDENTS ON THE SECOND FLOOR. CHARLESTON SOUTHERN UNIVERSITY STUDENTS MAY ACCESS THE INTERNET WITHIN LIMITATIONS TO FACILITATE DIVERSITY AND PERSONAL GROWTH IN TECHNOLOGY, INFORMATIONAL RESEARCH SKILLS, COMPLETE ONLINE CLASSES AND EXAMS, AND PRACTICE NETIQUETTE AND ONLINE COMMUNICATION SKILLS. THE LIBRARY IS ALSO A DEPOSITORY OF US GOVERNMENT DOCUMENTS, A MEMBER OF PASCAL, THE STATEWIDE ACADEMIC LIBRARY CONSORTIUM, AND PROVIDES FREE RESEARCH AND INSTRUCTIONAL SERVICES TO STUDENTS, FACULTY, STAFF, AND GUESTS. INTERNET ACCESS IS PROVIDED FREE OF CHARGE TO ALL STUDENTS IN THE COMPUTER LABS AND LIBRARY EXCEPT FOR PRE-DETERMINED LAB FEES THAT ARE REQUIRED FOR SOME CLASSES. CSU IS A COMPLETELY WIRELESS CAMPUS, PROVIDING ACCESS IN THE RESIDENCE HALLS FOR ALL REGISTERED RESIDENT STUDENTS. WE CONTINUE TO INCREASE THE NUMBER OF E-BOOKS AND ELECTRONIC DATABASES AS MORE OF THE ACADEMIC LITERATURE IS BECOMING AVAILABLE ONLINE RATHER THAN IN PRINTED FORMAT. EVERY STUDENT, STAFF, AND FACULTY MEMBER HAVE FULL ACCESS TO CLASSROOM TOOLS TO FACILITATE STUDY INDIVIDUALLY OR IN GROUPS AS WELL AS ATTEND CLASSES VIRTUALLY. THE REFERENCE DESK IS ALWAYS STAFFED IN PERSON AND ONLINE FOR STUDENT ASSISTANCE AND OUR LIBRARY STAFF ARE ALL CREDENTIALED AND GRANTED FACULTY STATUS. 2605945 0 23574 113695969 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 1 0 1 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 1 0 1 0 1 0 0 0 1 1 1 1 0 0 1 5142 0 1 1117 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 25 25 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 SC X SHANNON MORRISON 8438638000 PO BOX 118087 CHARLESTON SC 294238087 X MR DEAN MURPHY TRUSTEE/CHAIRMAN 1.00 X X 0 0 0 DR JERRY WILLIAMS TRUSTEE/VICE CHAIRMAN 1.00 X X 0 0 0 MR BILL CARPENTER TRUSTEE/SECRETARY 1.00 X X 0 0 0 MR MARK HOOD TRUSTEE/VICE CHAIRMAN (PART YEAR) 1.00 X X 0 0 0 MR RON BRANTLEY TRUSTEE 1.00 X 0 0 0 MR ADAM ROBERTSON TRUSTEE 1.00 X 0 0 0 REV ALEX SANDS TRUSTEE 1.00 X 0 0 0 MR BOBBY WOOD TRUSTEE 1.00 X 0 0 0 MR JEFF WILDES TRUSTEE 1.00 X 0 0 0 DR JOSEPH RUSSELL TRUSTEE 1.00 X 0 0 0 MRS JULIA MARTIN TRUSTEE 1.00 X 0 0 0 MR LARRY DRIGGERS TRUSTEE 1.00 X 0 0 0 MR RANDY ELLER TRUSTEE 1.00 X 0 0 0 MR RICK REDDEN TRUSTEE 1.00 X 0 0 0 REV ROBBIE BAXLEY TRUSTEE 1.00 X 0 0 0 DR RYAN ASHLEY TRUSTEE 1.00 X 0 0 0 DR RYAN PACK TRUSTEE 1.00 X 0 0 0 MRS TERRI AUSTIN TRUSTEE 1.00 X 0 0 0 DR TIM SPURLING TRUSTEE 1.00 X 0 0 0 MR TIM WHITFIELD TRUSTEE 1.00 X 0 0 0 MR WILLIAM RENFROW TRUSTEE 1.00 X 0 0 0 REV RANDY HARLING TRUSTEE 1.00 X 0 0 0 MRS LINDA FICK TRUSTEE 1.00 X 0 0 0 DR JUDY HETZ TRUSTEE 1.00 X 0 0 0 MR JAMES DAVIS TRUSTEE 1.00 X 0 0 0 REV SETH BUCKLEY TRUSTEE 1.00 X 0 0 0 DR DJ HORTON TRUSTEE (PART YEAR) 1.00 X 0 0 0 DR JAMES MERRITT TRUSTEE (PART YEAR) 1.00 X 0 0 0 MRS MISSY BRANCH TRUSTEE (PART YEAR) 1.00 X 0 0 0 MR PHIL BYRD TRUSTEE (PART YEAR) 1.00 X 0 0 0 JEFF BARBER VP INTERCOLLEGIATE ATHLETICS 40.00 X 176178 0 28098 DR ANTHONY TURNER VP ENROLLMENT MANAGEMENT 40.00 X 130178 0 37950 ROBERT L BLACKMON VP OF BUSINESS AFFAIRS 40.00 X 153029 0 8437 DAVID BAGGS VP FOR DEVELOPMENT 40.00 X 140596 0 17237 DR MICHAEL BRYANT VP STRATEGIC PLANNING, FAITH INTEGRATION, AND CHRI 40.00 X 60480 0 60487 DR SCOTT YARBROUGH VP ACADEMIC COMPLIANCE, INSTITUTIONAL EFFECTIVENES 40.00 X 119471 0 25345 MICHAEL WILDER VP ACADEMIC AFFAIRS 40.00 X 92728 0 114157 B KEITH FAULKNER PRESIDENT 45.00 X 400161 0 43752 SHANNON MORRISON VP FOR FINANCE 40.00 X 101205 0 19858 JODY JENNINGS VP STUDENT LIFE (PART YEAR) 40.00 X 120201 0 35139 NATHAN GABE GIARDINA HEAD FOOTBALL COACH 40.00 X 154980 0 36085 JAIRY HUNTER PRESIDENT EMERITUS 15.00 X 313785 0 455 GABBY POOLE DIRECTOR, PA PROGRAM, DEAN OF COHS 40.00 X 155213 0 13041 JACOB THORPE DIRECTOR, PT PROGRAM 40.00 X 158216 0 7182 MARC EMBLER ASSOCIATE VICE PRESIDENT FOR ACADEMIC AFFAIRS; DEA 40.00 X 153833 0 7847 2430254 0 455070 36 0 1 0 ARAMARK SERVICES INC PO BOX 978839 DALLAS TX 753978839 FOOD SERVICE 5790299 SLINGSHOT LP 1500 S WESTERN AVE MARION IN 46953 BOOKSTORE 3657036 TRIDENT CONSTRUCTION CO INC 2245 TECHNICAL PARKWAY CHARLESTON SC 294190939 CONSTRUCTION 3376909 CHUCKTOWN FLIGHT TRAINING LLC 6060 S AVIATION STE 109 N CHARLESTON SC 29406 FLIGHT INSTRUCTION 2862706 DYNAMIC CAMPUS SOLUTIONS INC 2806 FLINTROCK TRACE STE A205 AUSTIN TX 78738 TECHNOLOGY SERVICES 2449272 26 69403 1231559 898539 3079932 125808 5279433 TUITION AND FEES 611310 99222063 99222063 AUXILIARY SERVICES 611310 12877350 12877350 STUDENT SERVICES 611310 4300221 4300221 INTEREST ON STUDENT LO 611310 23574 23574 116423208 2610888 2610888 26285 26285 37575 37995 -420 -420 -420 9935596 9040800 2258 894796 -2258 892538 892538 34450 69403 26418 8032 8032 125239964 116423208 0 3537323 150000 150000 45119114 45119114 2106414 1201238 905176 85917 85917 28514246 26807279 1051883 655084 976636 921917 28386 26333 2788762 2673948 32609 82205 1996185 1836872 116078 43235 978464 978464 111613 111613 48902 48902 615942 438210 170491 7241 1318090 302869 967340 47881 763796 676226 64142 23428 4493170 2686701 1480808 325661 2836749 2705223 100060 31466 3279951 3101863 62079 116009 1420263 1316320 103943 5457955 5229334 173927 54694 1434575 1220835 201503 12237 FOOD SERVICE 4513107 4513107 REPAIRS AND MAINTENANCE 3166612 2989238 149692 27682 BOOKSTORE 2594887 2594887 9293170 7124871 2087391 80908 124064520 113695969 8834487 1534064 8127417 1476449 29811694 57593987 1800566 1536540 2513518 2064350 106558 462339 187970080 82652842 98172506 105317238 37533571 43108642 16796824 14569704 536665 425807 12500086 11078161 207899405 237633217 5240422 6634729 3755513 4775629 44227480 72011582 704272 929940 2760433 2162169 56688120 86514049 X 116938070 116005550 34273215 35113618 151211285 151119168 207899405 237633217 X 1175444 411416 -1678977 X 0 1 X 1 1 1 X 11132822 20202416 14421400 5080662 5279433 56116733 11132822 20202416 14421400 5080662 5279433 56116733 1061522 55055211 424119 555999 1397357 2968654 2674748 8020877 8032 8032 64145642 512344558 0.85830 0.88140 X SCHEDULE A, PART II: THE ORGANIZATION IS A SCHOOL AS DESCRIBED UNDER 170(B)(1)(A)(II) AND IS NOT REQUIRED TO COMPLETE A PUBLIC SUPPORT SCHEDULE. SCHEDULE A, PART II IS COMPLETED TO VERIFY THE SCHOOL CAN QUALIFY UNDER PUBLIC CHARITY STATUS SECTION 170(B)(1)(A)(VI) AND, THEREFORE, QUALIFIES TO USE THE FIRST LISTED SPECIAL RULE FOR SCHEDULE B REPORTING. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 29841392 852747 1831982 902380 141727 7773 31474241 27291533 818110 2670693 806224 103887 28833 29841392 25844075 1560929 280337 393808 27291533 24414629 2534100 -544807 559847 25844075 20142676 505296 4938457 1171800 24414629 0.09560 0.90440 0.00000 0 1 1 146500 146500 163735734 70724597 93011137 13669748 8887328 4782420 10418098 3040917 7377181 105317238 FIXED INCOME FUND 13331504 F OTHER INVESTMENTS 990670 F REAL ESTATE 247530 F 14569704 OTHER LIABILITIES 1435076 US GOVERNMENT LOAN FUNDS REFUNDABLE 727093 2162169 X PART V, LINE 4: FUNDS ARE INVESTED WITH EARNINGS TO BE USED FOR STUDENT SCHOLARSHIPS AND OTHER ACADEMIC PURPOSES. PART X, LINE 2: THE UNIVERSITY IS EXEMPT FROM FEDERAL AND STATE INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, THE UNIVERSITY QUALIFIES FOR CHARITABLE CONTRIBUTION DEDUCTIONS UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE UNIVERSITY UNDER SECTION 509(A)(1). HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE UNIVERSITY'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE UNIVERSITY HAS CONCLUDED THAT IT DOES NOT HAVE ANY UNRECOGNIZED TAX BENEFITS RESULTING FROM CURRENT OR PRIOR PERIOD TAX POSITIONS. ACCORDINGLY, NO ADDITIONAL DISCLOSURES HAVE BEEN MADE ON THE FINANCIAL STATEMENTS REGARDING THE INCOME TAX TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC). THE UNIVERSITY DOES NOT HAVE ANY OUTSTANDING INTEREST OR PENALTIES, AND NONE HAVE BEEN RECORDED IN THE CONSOLIDATED STATEMENTS OF ACTIVITIES FOR THE YEARS ENDED MAY 31, 2025 AND 2024. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE ORGANIZATION CURRENTLY ENROLLS STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS CONSISTENT WITH THE PUBLICITY EXCEPTION FOUND IN REV. PROC. 75-50 SECTION 4.03(2)(B). THE UNIVERSITY IS IN THE PROCESS OF UPDATING ITS WEBSITE TO BE IN FULL COMPLIANCE WITH THE REV. PROC. 2019-22 STANDARDS. SCHEDULE E, PART I, LINE 6 FEDERAL FINANCIAL AID FUNDS UNDER TITLE IV ARE RECEIVED BY THE UNIVERSITY AND AWARDED AND DISBURSED TO ITS STUDENTS. EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES INTERNATIONAL RECRUITERS 38235 NORTH AMERICA 0 0 PROGRAM SERVICES INTERNATIONAL RECRUITERS 5450 SOUTH ASIA 0 0 PROGRAM SERVICES INTERNATIONAL RECRUITERS 3397 0 0 0 0 0 0 47082 0 47082 0 0 0 0 0 0 PART I, LINE 3: THE ORGANIZATION TRACKED EXPENDITURES IN ACCORDANCE WITH ACCRUAL BASIS OF ACCOUNTING. PRESIDENT'S CUP GOLF TOURNAMENT 103853 69403 34450 19591 6827 103853 69403 34450 19591 6827 26418 8032 1 STUDENT LEADERSHIP UNIVERSITY INC 1560 ORANGE AVE STE 200 WINTERPARK FL 32789 570624226 501(C)(3) 150000 0 PROGRAM SUPPORT 1 0 STUDENT SCHOLARSHIPS 2825 45119114 PART I, LINE 2: THE FINANCIAL AID OFFICE AT CHARLESTON SOUTHERN UNIVERSITY REQUIRES STUDENTS TO COMPLETE THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) FORM TO DETERMINE ELIGIBILITY FOR FEDERAL, STATE, AND INSTITUTIONAL GRANTS, SCHOLARSHIPS, AND LOANS. THIS IS AN EQUITABLE FORMULA THAT MEASURES ALL ASSETS CONSISTENTLY. IN ADDITION TO THIS FORM, THE INSTITUTION DOES REQUIRE SOME OTHER GUIDELINES IN THE EVENT THAT FUNDS ARE OFFERED BASED UPON CERTAIN ACADEMIC CREDENTIALS OR PERFORMANCE IN A UNIVERSITY SPONSORED ACTIVITY OR ATHLETIC EVENT. THESE CREDENTIALS ARE CLEARLY STATED IN THE UNIVERSITY CATALOG AND THE UNIVERSITY WEBSITE. ENROLLMENT AND ELIGIBILITY ARE MONITORED BY THE UNIVERSITY. SCHOLARSHIPS ARE APPLIED DIRECTLY TO STUDENT ACCOUNTS. NO CASH CHANGES HANDS. CHARLESTON SOUTHERN UNIVERSITY GRANTS FUNDS TO NON-PROFIT ORGANIZATIONS WHOSE VISION AND MISSION ARE IN ALIGNMENT WITH THE UNIVERSITY'S PROGRAMS. THE UNIVERSITY VERIFIES NON-PROFIT STATUS PRIOR TO GRANTING FUNDS TO ANY ORGANIZATION. X X X X 1 1 X X 0 0 0 0 0 0 0 0 0 B KEITH FAULKNER PRESIDENT 311928 0 0 0 88233 0 16250 0 27502 0 443913 0 0 0 JAIRY HUNTER PRESIDENT EMERITUS 24521 0 0 0 289264 0 0 0 455 0 314240 0 289168 0 MICHAEL WILDER VP ACADEMIC AFFAIRS 91028 0 0 0 1700 0 9157 0 105000 0 206885 0 0 0 JEFF BARBER VP INTERCOLLEGIATE ATHLETICS 166319 0 0 0 9859 0 8649 0 19449 0 204276 0 0 0 NATHAN GABE GIARDINA HEAD FOOTBALL COACH 141035 0 5000 0 8945 0 8140 0 27945 0 191065 0 0 0 GABBY POOLE DIRECTOR, PA PROGRAM, DEAN OF COHS 154485 0 0 0 728 0 7724 0 5317 0 168254 0 0 0 DR ANTHONY TURNER VP ENROLLMENT MANAGEMENT 128886 0 0 0 1292 0 7122 0 30828 0 168128 0 0 0 JACOB THORPE DIRECTOR, PT PROGRAM 157841 0 0 0 375 0 6886 0 296 0 165398 0 0 0 MARC EMBLER ASSOCIATE VICE PRESIDENT FOR ACADEMI 152076 0 0 0 1757 0 6375 0 1472 0 161680 0 0 0 ROBERT L BLACKMON VP OF BUSINESS AFFAIRS 150234 0 0 0 2795 0 7543 0 894 0 161466 0 0 0 DAVID BAGGS VP FOR DEVELOPMENT 139770 0 0 0 826 0 7115 0 10122 0 157833 0 0 0 JODY JENNINGS VP STUDENT LIFE (PART YEAR) 118642 0 0 0 1559 0 6930 0 28209 0 155340 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS: THE PRESIDENT'S WIFE TRAVELS WITH HIM ON OCCASION TO SUPPORT DEVELOPMENT AND PUBLIC RELATIONS EFFORTS OF THE UNIVERSITY. THE GOVERNING BOARD HAS SPECIFICALLY AUTHORIZED THIS AND RECOGNIZES IT AS NECESSARY AND FOR BONA FIDE BUSINESS PURPOSES; THIS BENEFIT IS THEREFORE NOT INCLUDED AS TAXABLE COMPENSATION TO THE PRESIDENT. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS: THE UNIVERSITY PROVIDES REIMBURSEMENTS FOR TAX OBLIGATIONS FOR VARIOUS FRINGE BENEFITS FOR ALL OFFICERS. THIS BENEFIT IS INCLUDED IN TAXABLE COMPENSATION. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: THE UNIVERSITY DOES NOT HAVE A RESIDENCE ON CAMPUS PROVIDED TO THE PRESIDENT FREE OF CHARGE AS DO MANY COLLEGES AND UNIVERSITIES. IN ORDER TO ADDRESS THIS INEQUITY, THE GOVERNING BOARD HAS AUTHORIZED PAYMENT OF A HOUSING ALLOWANCE TO THE CHARLESTON SOUTHERN UNIVERSITY PRESIDENT. THIS IS INCLUDED IN TAXABLE COMPENSATION. A MINISTERIAL HOUSING ALLOWANCE IS ALSO PROVIDED TO ORDAINED MINISTERS IN VARIOUS OFFICER POSITIONS. PURSUANT TO INTERNAL REVENUE CODE SECTION 107, MINISTERIAL HOUSING ALLOWANCES ARE PROVIDED FOR QUALIFYING MINISTERIAL EMPLOYEES. THIS IS NOT INCLUDED IN TAXABLE COMPENSATION. HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES: THE GOVERNING BOARD HAS AUTHORIZED THE PAYMENT OF SOCIAL CLUB DUES FOR THE PRESIDENT FOR THE PURPOSE OF ENTERTAINING UNIVERSITY DONORS, BOARD MEMBERS, ETC. BUSINESS USE OF THESE CLUBS ARE NOT INCLUDED IN TAXABLE COMPENSATION SINCE THEY ARE FOR BONA FIDE BUSINESS PURPOSES. PERSONAL USE OF THESE CLUBS ARE INCLUDED IN TAXABLE COMPENSATION. A SOUTH CAROLINA JOBS-ECONOMIC DEVELOPMENT AUTHORITY 570960018 2025-05-23 24938375 REFINANCE 2017B 0 0 0 B SOUTH CAROLINA JOBS-ECONOMIC DEVELOPMENT AUTHORITY 570960018 2025-05-23 9199600 REFINANCE 2017C 0 0 0 C SOUTH CAROLINA JOBS-ECONOMIC DEVELOPMENT AUTHORITY 570960018 837036GP1 2025-05-23 26915000 NEW CONSTRUCTION - RESIDENCE HALL 0 0 0 D SOUTH CAROLINA JOBS-ECONOMIC DEVELOPMENT AUTHORITY 570960018 837036GP1 2025-05-23 8270000 REFINANCE 2017A COHS 0 0 0 A 24938375 24938375 2025 1 0 1 1 B 9199600 9199600 2025 1 0 1 1 C 26915000 539768 26375232 0 0 0 0 D 8270000 166470 8103530 2025 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 D 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 1 1 HUNTINGTON 7.000000000000 1 0 0 0 1 B 0 1 0 0 1 1 HUNTINGTON 7.000000000000 1 0 0 0 1 C 0 1 0 0 0 0 0 0 1 D 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 19750 INSTITUTIONAL SCHOLARSHIPS INSTITUTIONAL SCHOLARSHIPS KIMBERLY BAGGS FAMILY MEMBER OF DAVID BAGGS, OFFICER 68638 EMPLOYEE COMPENSATION 0 AMY BRYANT FAMILY MEMBER OF MICHAEL BRYANT, OFFICER 17279 EMPLOYEE COMPENSATION 0 X 7 125808 FMV 0 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS REPRESENT THE NUMBER OF CONTRIBUTIONS RECEIVED, NOT THE NUMBER OF ITEMS DONATED. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE CONSISTS OF THE OFFICERS OF THE BOARD AND THE CHAIRMAN OF THE STANDING COMMITTEES. THE EXECUTIVE COMMITTEE HAS THE POWER, IN THE INTERIM OF THE MEETINGS OF THE BOARD OF TRUSTEES, TO DO ALL ACTS AND PERFORM ALL DUTIES AND SERVICES NECESSARY TO THE OPERATION OF CSU WITHIN THE ESTABLISHED POLICY OF THE BOARD. THIS PROVISION DOES NOT AUTHORIZE ANY ACT RELATING TO CAPITAL IMPROVEMENTS, UNLESS THE EXECUTIVE COMMITTEE IS GIVEN SUCH AUTHORITY BY THE BOARD. ALL ACTIONS OF THE EXECUTIVE COMMITTEE EXERCISED UNDER THIS PROVISION ARE REPORTED TO THE BOARD OF TRUSTEES AT THE NEXT REGULAR OR SPECIAL MEETING FOR REVIEW AND CONSIDERATION, AND WHENEVER NECESSARY FOR RATIFICATION. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNANCE OF CHARLESTON SOUTHERN UNIVERSITY IS VESTED IN A BOARD OF TRUSTEES, ELECTED BY THE MESSENGERS TO THE SOUTH CAROLINA BAPTIST CONVENTION IN THE MANNER AND FOR THE TERMS PRESCRIBED IN THE CHARTER OF THE INSTITUTION, IN ACCORDANCE WITH THE ACTION OF THE CONVENTION. THE SOUTH CAROLINA BAPTIST CONVENTION IS AN ASSOCIATION OF COOPERATING CHURCHES WHICH MEETS ANNUALLY FOR TWO DAYS TO CONDUCT CONVENTION BUSINESS. EACH CHURCH THAT CONTRIBUTES TO THE COOPERATIVE PROGRAM AND ADHERES TO THE BAPTIST FAITH AND MESSAGE 2000 IS ALLOWED TO SEND A DELEGATION OF MESSENGERS TO THE ANNUAL MEETING. MESSENGERS REGISTER IN ADVANCE AND CREDENTIALS ARE ISSUED (INCLUDING VOTING BALLOTS) TO QUALIFIED MESSENGERS. FORM 990, PART VI, SECTION A, LINE 7B THE MESSENGERS TO THE SOUTH CAROLINA BAPTIST CONVENTION MUST APPROVE ALL CHANGES OR AMENDMENTS TO THE UNIVERSITY'S CHARTER. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN INDEPENDENT TAX PREPARER AND REVIEWED IN DETAIL BY THE ORGANIZATION'S TOP MANAGEMENT. THE REVIEWED FORM 990 IS THEN PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL TRUSTEES AND SENIOR ADMINISTRATION ARE REQUIRED TO SUBMIT A WRITTEN LISTING OF ANY SUCH CONFLICT OF INTERESTS. ANY DISCLOSED POTENTIAL CONFLICTS ARE REVIEWED BY THE OFFICERS OF THE BOARD. SHOULD ANY POTENTIAL CONFLICTS OF INTEREST BE DISCLOSED, THE BOARD MEMBER OR OFFICER WOULD BE ASKED TO REFRAIN FROM PARTICIPATION IN ANY DELIBERATION OR DECISION WITH REGARD TO MATTERS AFFECTED BY THE RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 15 LINE 15A: THE INDEPENDENT OFFICERS OF THE BOARD REVIEW COMPENSATION DATA FOR OTHER COLLEGE AND UNIVERSITY PRESIDENTS AND ANNUAL EVALUATIONS OF THE PRESIDENT'S PERFORMANCE WHICH ARE COMPLETED BY EACH BOARD MEMBER ANNUALLY. THIS DATA IS UTILIZED IN SETTING APPROPRIATE COMPENSATION LEVELS FOR THE UPCOMING TERM OF THE PRESIDENT'S CONTRACT. THE RESULTING RECOMMENDATION IS PRESENTED TO THE FULL INDEPENDENT BOARD OF TRUSTEES FOR DISCUSSION AND APPROVAL CONTEMPORANEOUSLY. THE APPROVAL AND DISCUSSION IS DOCUMENTED IN THE BOARD MINUTES. LINE 15B: COMPENSATION OF THE ORGANIZATION'S OTHER OFFICERS IS DETERMINED ANNUALLY BY THE PRESIDENT CONSIDERING PERFORMANCE AND COMPARABILITY DATA FOR OTHERS WITH SIMILAR RESPONSIBILITIES AT SIMILAR INSTITUTIONS. THE PRESIDENT IS INDEPENDENT. DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN THE HR FILES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE NOT AVAILABLE TO THE GENERAL PUBLIC. THE CONFLICT OF INTEREST POLICY AND THE FINANCIAL STATEMENTS ARE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. FORM 990, PART VII, SECTION A, LINE 1A COMPENSATION REPORTED IN PART VII, COLUMN D IS THE AMOUNT REPORTED ON THE INDIVIDUAL'S W-2, BOX 1 OR 5 (WHICHEVER AMOUNT IS GREATER) PER THE IRS INSTRUCTIONS. IN THE CASE OF MINISTER'S COMPENSATION WHEN BOX 5 OF THE W-2 IS NOT APPLICABLE, BOX 1 COMPENSATION IS USED. EMPLOYEE DEFERRALS TO QUALIFIED RETIREMENT PLANS ARE NORMALLY CAPTURED IN BOX 5, NOT BOX 1 OF FORM W-2. FOR REPORTING PURPOSES WE HAVE INCLUDED THE MINISTER'S RETIREMENT PLAN DEFERRALS IN PART VII, COLUMN F AND SCHEDULE J, PART II, COLUMN C. FORM 990, PART XI, LINE 9: UNREALIZED LOSS ON INTEREST RATE SWAP -1,686,790. LOSS ON BENEFICIAL INTEREST IN PERPETUAL TRUST 7,813. CHUCKTOWN FLIGHT TRAINING LLC 6060 S AVIATION STE 109 N CHARLESTON SC 29406 842176451 FLIGHT TRAINING SC 856641 2001370 CHARLESTON SOUTHERN UNIVERSITY SOUTH CAROLINA BAPTIST CONVENTION 190 STONERIDGE DRIVE COLUMBIA SC 29210 570360087 ASSOCIATION OF SOUTHERN BAPTIST CHURCHES SC 501(C)(3) LINE 1 N/A 0 THE BAPTIST FOUNDATION OF SOUTH CAROLINA 190 STONERIDGE DRIVE COLUMBIA SC 29210 570348054 INSTITUTION OF SCBC DESIGNATED FOR THE MANAGEMENT OF TRUST FUNDS SC 501(C)(3) LINE 1 SOUTH CAROLINA BAPTIST CONVENTION 0 CHARLESTON INTERSTATE DEVELOPMENT CORPORATION 9280 UNIVERSITY BOULEVARD CHARLESTON SC 29406 201990558 REAL ESTATE SC CHARLESTON SOUTHERN UNIVERSITY C 2873529 5191636 1.00000 1 CHARITABLE REMAINDER UNITRUSTS (2) HOLD ASSETS AND REMIT INCOME TO THE UNIVERSITY SC CHARLESTON SOUTHERN UNIVERSITY 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 CHARLESTON INTERSTATE DEVELOPMENT CORPORATION D 6345033 FMV