Civic Intelligence

Coker University

990 • Fiscal year 2017 • EIN 57-0324916

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 01, 2017

Refreshing map…

300 E College AvenueHartsville, SC 29550

(843) 383-8000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

25th percentile

0.08x

Higher debt load relative to assets than 25% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Liabilities / Revenue

35th percentile

0.22x

Higher debt load relative to revenue than 35% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Net Margin

29th percentile

-1.0%

Higher net margin than 29% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Top Officer Pay

37th percentile

$274,529

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Asset Growth

24th percentile

-0.3%

Faster asset growth than 24% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Revenue Growth

51st percentile

5.3%

Faster revenue growth than 51% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Assets

Down

$65,245,513

Down $203,044 (-0.3%) from 2016

Net Assets

Up

$59,919,150

Up $2,791,384 (+4.9%) from 2016

Liabilities

Down

$5,326,363

Down $2,994,428 (-36%) from 2016

Revenue

Up

$23,838,715

Up $1,200,446 (+5.3%) from 2016

Expenses

Up

$24,067,675

Up $1,254,542 (+5.5%) from 2016

Net Income

Down

-$228,960

Down $54,096 (-31%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$100M$50M$0Assets 2010: $60,055,970Liabilities 2010: $9,345,446Net Assets 2010: $50,710,5242010Assets 2011: $62,188,665Liabilities 2011: $8,731,163Net Assets 2011: $53,457,5022011Assets 2012: $60,417,096Liabilities 2012: $8,547,237Net Assets 2012: $51,869,8592012Assets 2013: $68,664,453Liabilities 2013: $11,131,030Net Assets 2013: $57,533,4232013Assets 2014: $71,685,330Liabilities 2014: $11,720,349Net Assets 2014: $59,964,9812014Assets 2015: $68,624,421Liabilities 2015: $9,776,961Net Assets 2015: $58,847,4602015Assets 2016: $65,448,557Liabilities 2016: $8,320,791Net Assets 2016: $57,127,7662016Assets 2017: $65,245,513Liabilities 2017: $5,326,363Net Assets 2017: $59,919,1502017Assets 2018: $64,412,239Liabilities 2018: $5,167,731Net Assets 2018: $59,244,5082018Assets 2019: $65,134,310Liabilities 2019: $6,535,209Net Assets 2019: $58,599,1012019Assets 2020: $75,540,905Liabilities 2020: $16,939,685Net Assets 2020: $58,601,2202020Assets 2021: $81,701,978Liabilities 2021: $17,279,937Net Assets 2021: $64,422,0412021Assets 2022: $75,721,528Liabilities 2022: $14,325,575Net Assets 2022: $61,395,9532022Assets 2023: $78,680,980Liabilities 2023: $16,272,981Net Assets 2023: $62,407,9992023

Highlighted filing

2017

Assets$65,245,513
Liabilities$5,326,363
Net Assets$59,919,150

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MExpenses 2010: $18,023,2912010Expenses 2011: $19,842,2592011Expenses 2012: $20,372,5512012Expenses 2013: $22,633,4102013Revenue 2014: $22,393,573Expenses 2014: $22,764,933Net Income 2014: -$371,3602014Revenue 2015: $23,161,233Expenses 2015: $22,699,835Net Income 2015: $461,3982015Revenue 2016: $22,638,269Expenses 2016: $22,813,133Net Income 2016: -$174,8642016Revenue 2017: $23,838,715Expenses 2017: $24,067,675Net Income 2017: -$228,9602017Revenue 2018: $23,630,503Expenses 2018: $24,349,860Net Income 2018: -$719,3572018Revenue 2019: $24,247,511Expenses 2019: $24,812,853Net Income 2019: -$565,3422019Revenue 2020: $28,782,887Expenses 2020: $26,384,070Net Income 2020: $2,398,8172020Revenue 2021: $26,118,839Expenses 2021: $25,919,028Net Income 2021: $199,8112021Revenue 2022: $28,046,498Expenses 2022: $25,240,379Net Income 2022: $2,806,1192022Revenue 2023: $26,258,443Expenses 2023: $27,476,983Net Income 2023: -$1,218,5402023

Highlighted filing

2017

Revenue$23,838,715
Expenses$24,067,675
Net Income-$228,960
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 1, 2017
Return Version
2016v3.0
Gross Receipts
$28,406,113
Mission and Program Overview

Mission

Coker university is a student-centered, comprehensive university. It is dedicated to providing every student an academic curriculum based upon a uniformly excellent liberal arts core that enhances the structured development of key personal skills. The university's goal is to graduate students with the ability to think analytically and creatively, and to write and speak effectively.

Coker College readies students for personal and professional success through a distinctive four-year program that emphasizes a practical application of the liberal arts as well as hands-on and discussion-based learning within and beyond the classroom. Coker is ranked among the "Best Colleges" in the South by U.S. News & World Report as well as The Princeton Review. Located in Hartsville, SC, Coker is within two hours of the cultural, financial and recreational resources of Charlotte, Columbia, Charleston and Myrtle Beach.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$32,220,620$31,051,634▼ $1,168,986
Investments Program Related$26,716,941$29,129,312▲ $2,412,371
Savings and Temporary Cash Investments$1,766,546$1,907,641▲ $141,095
Pledges and Grants Receivable$3,157,119$1,347,792▼ $1,809,327
Other Notes and Loans Receivable, Net$632,263$660,849▲ $28,586
Accounts Receivable$339,819$402,820▲ $63,001
Prepaid Expenses and Deferred Charges$82,941$225,925▲ $142,984
Inventories for Sale or Use$183,971$162,947▼ $21,024
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$65,448,557$65,245,513▼ $203,044
Other Assets Total$348,337$356,593▲ $8,256
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,843,318$2,817,223▼ $3,026,095
Accounts Payable and Accrued Expenses$1,140,783$1,283,730▲ $142,947
Deferred Revenue$1,336,690$1,225,410▼ $111,280
Grants Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$8,320,791$5,326,363▼ $2,994,428
Net Assets / Fund Balance
Unrestricted Net Assets$32,847,711$32,973,810▲ $126,099
Permanently Rstr Net Assets$13,354,430$14,656,006▲ $1,301,576
Temporarily Rstr Net Assets$10,925,625$12,289,334▲ $1,363,709
Total Net Assets Fund Balance$57,127,766$59,919,150▲ $2,791,384
Total Liabilities and Net Assets / Fund Balance$65,448,557$65,245,513▼ $203,044

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$29,101,083$19,657,972$48,759,055
Equipment$1,228,947$6,041,114$7,270,061
Land$721,604-$721,604
Investment Program Related Org$607--
Other Land Buildings$0$0$0
Leasehold Improvements$0$0$0

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$26,262,988$1,322,878▲ $3,336,357$1,098,871$29,223,521
2015$27,693,301$305,612▼ $371,428$786,160$26,262,988
2014$28,402,745$415,866▲ $195,654$748,654$27,693,301
2013$24,752,013$388,794▲ $4,360,626$548,160$28,402,745
2012$23,213,408$418,548▲ $2,508,644$860,947$24,752,013
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Robert L WyattPresidentFT$258,540$30,106$288,646
J Anthony FloydExecutive Vice PresidentFT$170,643$23,522$194,165
Lynn GriffinVP of Athletics & FacilitiesFT$156,359$14,155$170,514
Tracy ParkinsonProvostFT$130,205$7,929$138,134
Brianna B DouglasVP of AdministrationFT$112,500$6,750$119,250
Kyle SaveranceVP of Institutional Identity & ITFT$110,199$6,683$116,882
Adam ConnollyVP of Enrollment ManagementFT$105,714$6,750$112,464

Highest Paid Contractors

ContractorServicesLocationCompensation
SodexoDining service/maintenance10 Earhart Drive, Williamsvile, NY 14221$3,044,073
Allied Barton Security Servicessecurity3606 Horizon Dr, King of Prussia, PA 19406$228,870
Carolina Pines RegionalNursing/Sports Med1304 W Bobo Newsom Hwy, Hartsville, SC 29550$135,712
HillsouthIT Services318 West Palmetto Street, Florence, SC 29501$102,743
Revenue and Support

Revenue Composition

Contributions and Grants
$4,671,614
Program Service Revenue
$18,466,008
Investment Income
$411,941
Other Revenue
$289,152
All Other Contributions
$4,582,141
Change in Net Assets
$-228,960

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded12$316,320Selling Price
Total Noncash Contributions12$316,320-

Audited Revenue Reconciliation

Revenue per Audited Statements
$23,838,715
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$3,527,027
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$27,365,742
Total Revenue per Form 990
$23,838,715
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$12,112,858
Other Expenses$11,954,817
Total Fundraising Expense$677,776
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$7,796,482$1,162,613$337,987$9,297,082
Fees for Services Other$2,588,359$2,002,584$29,146$4,620,089
Depreciation Depletion$1,284,462$301,294$0$1,585,756
Other Employee Benefits$1,100,676$164,900$43,337$1,308,913
Occupancy$137,967$1,007,426$2,762$1,148,155
Office Expenses$496,553$234,373$13,200$744,126
Payroll Taxes$560,897$103,514$24,877$689,288
Travel$418,312$69,468$7,234$495,014
Current Officers, Directors, Trustees, and Key Employees$0$429,183$0$429,183
Information Technology$335,358$47,908$15,969$399,235
Pension Plan Contributions$297,209$76,258$14,925$388,392
Insurance$135,000$152,821$0$287,821
Conferences and Meetings$118,666$103,382$5,460$227,508
Advertising$77,551$104,196$7,020$188,767
Interest$104,220$0$0$104,220
Fees for Services Accounting$0$41,020$0$41,020
Other Expenses$2,068,418$-2,207,298$138,880$0
Total Functional Expenses$19,427,578$3,962,321$677,776$24,067,675

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$24,845,597
Expenses per Audited Statements$24,067,675
Total Expenses per Form 990$24,067,675
Expenses Not Reported on Form 990$777,922
Expenses Not Reported on Financial Statements$0
Other Expense Adjustments$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
ASouth Carolina Jobs-Economic Development Authority2015-03-19$2,351,742Construct and Equip Facility

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$2,227,683$0$0$0

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The return was distributed to all board members at the October meeting and was discussed at that meeting.

Form 990, Part VI, Section B, Line 12C

Questionnaires are sent out annually and reviewed.

Form 990, Part VI, Section B, Line 15

The Board of Trustees determines the President's compensation. For top management the President determines their compensation.

Form 990, Part VI, Section C, Line 19

The College makes available upon request access to governing documents, conflict of interest policy and financial statements.

Filing and Contact Details

Filer

Filer Name
Coker College
EIN
57-0324916
Phone
8433838000
Address
300 E College Avenue, Hartsville, SC 29550

Signing Officer

Name
Tony Floyd
Title
Executive Vice President
Phone
8433838175
Signed
2017-11-01

Organization Details

Principal Officer
Tony Floyd
Formed
1908
Legal Domicile
Sc
Voting Board Members
27
Independent Board Members
27
Employees
564
Volunteers
110
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

Coker College readies students for personal and professional success through a distinctive four-year program that emphasizes a practical application of the liberal arts as well as hands-on and discussion-based learning within and beyond the classroom. Coker is ranked among the "Best Colleges" in the South by US News & World Report as well as The Princeton Review. Located in Hartsville, SC, Coker is within two hours of the cultural, financial and recreational resources of Charlotte, Columbia, Charleston and Myrtle Beach.

Form 990, Part III, Line 1

Coker College readies students for personal and professional success through a distinctive four-year program that emphasizes a practical application of the liberal arts as well as hands-on and discussion-based learning within and beyond the classroom. Coker is ranked among the "Best Colleges" in the South by US News & World Report as well as The Princeton Review. Located in Hartsville, SC, Coker is within two hours of the cultural, financial and recreational resources of Charlotte, Columbia, Charleston and Myrtle Beach.

Form 990, Part III, Line 4A

Coker College readies students for personal and professional success through a distinctive four-year program that emphasizes a practical application of the liberal arts as well as hands-on and discussion-based learning within and beyond the classroom. Coker is ranked among the "Best Colleges" in the South by US News & World Report as well as The Princeton Review. Located in Hartsville, SC, Coker is within two hours of the cultural, financial and recreational resources of Charlotte, Columbia, Charleston and Myrtle Beach.

Form 990, Part IX, Line 11G

Contracted Services and lease payments

Financial Statement Notes

Schedule D, Part III, Line 4

The College has a collection of small statues and various pre-Columbian pieces. The items are on display in the lobby of the Performing Arts Center and are available for the arts students to study.

Schedule D, Part V, Line 4

The endowment funds are used to support scholarships, general college operations and other restricted purposes stipulated by the donor.

Schedule D, Part X, Line 2

The College is exempt from federal and state income taxes under Section 501(c)(3) of the Internal Revenue Code. Management has evaluated the College's tax positions and concluded that the College had taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of this guidance. With few exceptions, the College is no longer subject to tax examinations by the U.S. federal, state or local tax authorities for years before 2014.

Schedule D, Part XI, Line 2D

Bookstore Revene

Schedule D, Part XII, Line 2D

Bookstore COGS ($506,683) and Intercompany Transfers ($271,239)

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IRS990/Desc0Coker College readies students for personal and professional success through a distinctive four-year program that emphasizes a practical application of liberal arts as well as hands-on and discussion-based learning within and beyond the classroom. Coker College has an enrollment of approximatley 1,200 full-time and part-time students. Coker is ranked among the "Best Colleges" in the South by US News & World Report as well as the Princeton Review. Located in Hartsville, SC, Coker is within two hours of the cultural, financial and recreational resources of Charlotte, Charleston and Myrtle Beach.
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt326750
IRS990/Form990PartVIISectionAGrp/PersonNm0Gloria Bell
IRS990/Form990PartVIISectionAGrp/PersonNm1Anne Blomeyer
IRS990/Form990PartVIISectionAGrp/PersonNm2John Cerasani
IRS990/Form990PartVIISectionAGrp/PersonNm3Conrad Deese
IRS990/Form990PartVIISectionAGrp/PersonNm4Chris Ford
IRS990/Form990PartVIISectionAGrp/PersonNm5Pamela Gill Franklin
IRS990/Form990PartVIISectionAGrp/PersonNm6Larry O Gantt
IRS990/Form990PartVIISectionAGrp/PersonNm7Walter N George
IRS990/Form990PartVIISectionAGrp/PersonNm8Timothy Halverson
IRS990/Form990PartVIISectionAGrp/PersonNm9Charles J Hupfer
IRS990/Form990PartVIISectionAGrp/PersonNm10Eliza Ingle
IRS990/Form990PartVIISectionAGrp/PersonNm11Donna Isgett
IRS990/Form990PartVIISectionAGrp/PersonNm12A Hoyt Kelley
IRS990/Form990PartVIISectionAGrp/PersonNm13Dean Legge
IRS990/Form990PartVIISectionAGrp/PersonNm14James Linville
IRS990/Form990PartVIISectionAGrp/PersonNm15Allan McLeLand
IRS990/Form990PartVIISectionAGrp/PersonNm16Harry Moran
IRS990/Form990PartVIISectionAGrp/PersonNm17Susan Morano
IRS990/Form990PartVIISectionAGrp/PersonNm18Dr Jane P Norwood
IRS990/Form990PartVIISectionAGrp/PersonNm19Dr Gayle Sawyer
IRS990/Form990PartVIISectionAGrp/PersonNm20Goz Segars
IRS990/Form990PartVIISectionAGrp/PersonNm21Angie Stanland
IRS990/Form990PartVIISectionAGrp/PersonNm22Dr Charles L Sullivan
IRS990/Form990PartVIISectionAGrp/PersonNm23Mindy Taylor
IRS990/Form990PartVIISectionAGrp/PersonNm24Sharon Ting
IRS990/Form990PartVIISectionAGrp/PersonNm25Justin Towey
IRS990/Form990PartVIISectionAGrp/PersonNm26Dr Robert L Wyatt
IRS990/Form990PartVIISectionAGrp/PersonNm27J Anthony Floyd
IRS990/Form990PartVIISectionAGrp/PersonNm28Lynn Griffin
IRS990/Form990PartVIISectionAGrp/PersonNm29Tracy Parkinson
IRS990/Form990PartVIISectionAGrp/PersonNm30Brianna B Douglas
IRS990/Form990PartVIISectionAGrp/PersonNm31Kyle Saverance
IRS990/Form990PartVIISectionAGrp/PersonNm32Adam Connolly
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Trustee
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IRS990/Form990PartVIISectionAGrp/TitleTxt13Trustee

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$78.7$16.3$62.4$26.3$27.5$1.22
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$75.7$14.3$61.4$28.0$25.2$2.81
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$81.7$17.3$64.4$26.1$25.9$0.20
2020Summary only. Only limited summary data is available for this year.$75.5$16.9$58.6$28.8$26.4$2.40
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$65.1$6.54$58.6$24.2$24.8$0.57
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$64.4$5.17$59.2$23.6$24.3$0.72
2017Detailed filing. Detailed filing data is available for this year.$65.2$5.33$59.9$23.8$24.1$0.23
2016Detailed filing. Detailed filing data is available for this year.$65.4$8.32$57.1$22.6$22.8$0.17
2015Detailed filing. Detailed filing data is available for this year.$68.6$9.78$58.8$23.2$22.7$0.46
2014Detailed filing. Detailed filing data is available for this year.$71.7$11.7$60.0$22.4$22.8$0.37
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$68.7$11.1$57.5$22.6
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$60.4$8.55$51.9$20.4
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$62.2$8.73$53.5$19.8
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$60.1$9.35$50.7$18.0
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)3 • $50M-$100M nonprofits