Liabilities / Assets
49th percentile
Higher debt load relative to assets than 49% of similar nonprofits.
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
49th percentile
Higher debt load relative to assets than 49% of similar nonprofits.
Liabilities / Revenue
99th percentile
Higher debt load relative to revenue than 99% of similar nonprofits.
Net Margin
1st percentile
Higher net margin than 1% of similar nonprofits.
Top Officer Pay
72nd percentile
Higher top officer pay than 72% of similar nonprofits.
Top officer pay equals 516.0% of source-year revenue.
Asset Growth
65th percentile
Faster asset growth than 65% of similar nonprofits.
Revenue Growth
3rd percentile
Faster revenue growth than 3% of similar nonprofits.
Assets
Up$10,317,228
Up $731,626 (+7.6%) from 2013
Net Assets
Up$7,925,173
Up $291,931 (+3.8%) from 2013
Liabilities
Up$2,392,055
Up $439,695 (+23%) from 2013
Revenue
$48,608
No earlier filing loaded for comparison.
Expenses
Down$529,637
Down $233,377 (-31%) from 2013
Net Income
-$481,029
No earlier filing loaded for comparison.
To operate as a nonprofit public benefit corporation to serve the needs and interests of furman university, an educational organization.
To accept gifts of real estate and purchase and hold real estate for the exclusive use and benefit of Furman University, an educational organization.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Accounts Receivable | $6,286,621 | $7,124,173 | ▲ $837,552 |
| Land, Buildings, and Equipment, Net | $3,244,812 | $2,768,406 | ▼ $476,406 |
| Cash and Non-Interest-Bearing Accounts | $24,169 | $409,649 | ▲ $385,480 |
| Other Notes and Loans Receivable, Net | $30,000 | $15,000 | ▼ $15,000 |
| Savings and Temporary Cash Investments | $0 | $0 | → $0 |
| Pledges and Grants Receivable | $0 | $0 | → $0 |
| Receivable From Disqualified Prsn | $0 | $0 | → $0 |
| Receivables From Officers Etc | $0 | $0 | → $0 |
| Investments Other Securities | $0 | $0 | → $0 |
| Investments Program Related | $0 | $0 | → $0 |
| Investments in Publicly Traded Securities | $0 | $0 | → $0 |
| Intangible Assets | $0 | $0 | → $0 |
| Inventories for Sale or Use | $0 | $0 | → $0 |
| Loans From Officers Directors | $0 | $0 | → $0 |
| Prepaid Expenses and Deferred Charges | $0 | $0 | → $0 |
| Total Assets | $9,585,602 | $10,317,228 | ▲ $731,626 |
| Other Assets Total | $0 | $0 | → $0 |
| Liabilities | |||
| Other Liabilities | $1,949,041 | $2,380,555 | ▲ $431,514 |
| Accounts Payable and Accrued Expenses | $3,319 | $11,500 | ▲ $8,181 |
| Grants Payable | $0 | $0 | → $0 |
| Mortgage Notes Payable Secured by Investment Property | $0 | $0 | → $0 |
| Unsecured Notes Loans Payable | $0 | $0 | → $0 |
| Deferred Revenue | $0 | $0 | → $0 |
| Escrow Account Liability | $0 | $0 | → $0 |
| Tax Exempt Bond Liabilities | $0 | $0 | → $0 |
| Total Liabilities | $1,952,360 | $2,392,055 | ▲ $439,695 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $5,543,428 | $5,924,012 | ▲ $380,584 |
| Temporarily Rstr Net Assets | $2,089,814 | $2,001,161 | ▼ $88,653 |
| Permanently Rstr Net Assets | $0 | $0 | → $0 |
| Total Net Assets Fund Balance | $7,633,242 | $7,925,173 | ▲ $291,931 |
| Total Liabilities and Net Assets / Fund Balance | $9,585,602 | $10,317,228 | ▲ $731,626 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Land | $2,718,283 | - | $1,711,858 |
| Buildings | $49,713 | $2,985 | $52,698 |
| Equipment | $372 | $38 | $410 |
| Name | Title | Other | Total |
|---|---|---|---|
| W Lindsay Smith | President | $213,575 | $213,575 |
| L Stewart Spinks | Vice President | $37,253 | $37,253 |
| Name | Title |
|---|---|
| Earle Furman Jr | Director |
| Jordan Clark | Director |
| Mary Lou Merkt | Secretary/Treasurer |
| Contribution Type | Contribution Count | Reported Amount | Valuation Method |
|---|---|---|---|
| Real Estate Residential | 1 | $83,000 | appraisal |
| Total Noncash Contributions | 1 | $83,000 | - |
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $429,664 |
| Total Fundraising Expense | $72,500 |
| Salaries, Compensation, and Employee Benefits | $71,500 |
| Other Expenses | $28,473 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Orgs | $429,664 | - | - | $429,664 |
| Other Salaries and Wages | - | - | $55,000 | $55,000 |
| Fees for Services Management | $13,725 | - | - | $13,725 |
| Pension Plan Contributions | - | - | $6,600 | $6,600 |
| Other Employee Benefits | - | - | $5,692 | $5,692 |
| Other Expenses | $4,888 | - | - | $4,888 |
| Payroll Taxes | - | - | $4,208 | $4,208 |
| Travel | $497 | - | $1,000 | $1,497 |
| Depreciation Depletion | $1,492 | - | - | $1,492 |
| Office Expenses | - | $573 | - | $573 |
| Conferences and Meetings | - | $149 | - | $149 |
| Total Functional Expenses | $456,415 | $722 | $72,500 | $529,637 |
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| 57-0314395 | - | 501(c)(3) | Support Furman University | $429,664 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Line Item | Beginning | End | Change |
|---|---|---|---|
| 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 |
| Liability | Amount |
|---|---|
| Advances From Furman Universit | $1,951,348 |
| Accounts Payable to Furman Uni | $429,207 |
“The Board of Directors of Furman University Foundation received a copy of the prepared Form 990 at their meeting held on March 5, 2015, which was prior to the filing of the return. Form 990 was reviewed by the directors at this time and any specific issues and/or questions were addressed. A copy of the final Form 990, as was filed with the IRS, was electronically provided to the Board of Directors prior to its filing.”
“Furman University Foundation established a Conflict of Interest Policy for the Board of Directors in April 2010. Each member of the board is required to complete a Conflict of Interest Disclosure Form annually. Prior to consummating a transaction or acting upon a matter involving the possible existence of a duality or conflict of interest, the individual involved shall make a full disclosure of all relevant facts to the President of the Board. Additonally, the Foundation has instituted a policy relating to conflicts of interest surrounding the various real estate transactions conducted by the Foundation. The policy is to assure that all real estate transactions are handled with propriety and sensitivity in regards to conflicts of interest.”
“For the tax year ended June 30, 2014, Furman University Foundation had neither a written whistleblower policy nor a written document retention and destruction policy. The Foundation follows the whistleblower policy and document retention and destruction policy as set forth by Furman University.”
“Furman University Foundation makes its governing documents and policies available upon request.”
“The compensated officer is an employee of Furman University, the supported organization. The officer's compensation is subject to the guidelines and policies established by Furman University.”
“Furman University Foundation is consolidated into Furman University for financial statement reporting purposes. The University receives an annual audit and issues consolidated financial statements of the University and Furman University Foundation.”
“(1) During fiscal year 2014, the Foundation sold two donated properties that had been held for investment. Net cash received from the sales was allocated to Furman University as directed by the donors to partially fund the construction of (a)a softball pressbox and (b) a soccer fieldhouse. (2) An installment payment from the sale of donated property was allocated to Furman University to help fund improvements to the University's baseball facility.”
“The other changes in net assets include the following: Rental Income on Ground Lease-tax difference: $728,020 Interest Income on Ground Lease ($ 7,547) Total $720,472”
“The University's policy is to record a liability for any tax position taken that is beneficial to the University, including any related interest and penalties, when it is more likely than not the position taken by management with respect to a transaction or class of transactions will be overturned by a taxing authority upon examination. Management believes there are no such positions as of June 30, 2014 and, accordingly, no liability has been accrued.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | false |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 3319 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 11500 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 6286621 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 7124173 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | To accept gifts of real estate and purchase and hold real estate for the exclusive use and benefit of Furman University, an educational organization. |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 0 |
| IRS990/AllOtherContributionsAmt | 0 | 83000 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/AuditCommitteeInd | 0 | true |
| IRS990/BackupWthldComplianceInd | 0 | true |
| IRS990/BenefitsToMembersGrp/TotalAmt | 0 | 0 |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | AMY BARNHILL |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 8642943496 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1 | 0 | 3300 POINSETT HIGHWAY |
| IRS990/BooksInCareOfDetail/USAddress/City | 0 | Greenville |
| IRS990/BooksInCareOfDetail/USAddress/State | 0 | SC |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCode | 0 | 29613 |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 24169 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 409649 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 0 |
| IRS990/CompDisqualPersonsGrp/TotalAmt | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt | 0 | 149 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 149 |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | true |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 83000 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 429664 |
| IRS990/CYInvestmentIncomeAmt | 0 | -144095 |
| IRS990/CYOtherExpensesAmt | 0 | 28473 |
| IRS990/CYOtherRevenueAmt | 0 | 109703 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -481029 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 71500 |
| IRS990/CYTotalExpensesAmt | 0 | 529637 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 72500 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 48608 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | true |
| IRS990/DeferredRevenueGrp/BOYAmt | 0 | 0 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 1492 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 1492 |
| IRS990/Desc | 0 | To operate as a permanent foundation to accept gifts of real estate for the exclusive use and benefit of Furman University. Expenses are incurred to market and sale the donated property. Net proceeds from the sale of donated properties are allocated to Furman University as directed by each donor. |
| IRS990/DescribedInSection501c3Ind | 0 | true |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | false |
| IRS990/DonatedServicesAndUseFcltsAmt | 0 | 72500 |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/EscrowAccountLiabilityGrp/BOYAmt | 0 | 0 |
| IRS990/EscrowAccountLiabilityGrp/EOYAmt | 0 | 0 |
| IRS990/ExcessBusinessHoldingsInd | 0 | false |
| IRS990/ExpenseAmt | 0 | 448774 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesLobbyingGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesManagementGrp/ProgramServicesAmt | 0 | 13725 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 13725 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesProfFundraising/TotalAmt | 0 | 0 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt | 0 | 0 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignGrantsGrp/TotalAmt | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form8282PropertyDisposedOfInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 0 | 0.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 1 | 0.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 2 | 40.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 3 | 2.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 4 | 0.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 37253 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | W Lindsay Smith |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | L Stewart Spinks |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | Mary Lou Merkt |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | Jordan Clark |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | Earle Furman Jr |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 213575 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | President |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | Vice President |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | Secretary/Treasurer |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | Director |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
| IRS990/FormationYr | 0 | 1997 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | true |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GainOrLossGrp/OtherAmt | 0 | -151642 |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 5 |
| IRS990/GrantAmt | 0 | 429664 |
| IRS990/GrantsPayableGrp/BOYAmt | 0 | 0 |
| IRS990/GrantsPayableGrp/EOYAmt | 0 | 0 |
| IRS990/GrantsToDomesticIndividualsGrp/TotalAmt | 0 | 0 |
| IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt | 0 | 429664 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 429664 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | true |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossAmountSalesAssetsGrp/OtherAmt | 0 | 416164 |
| IRS990/GrossReceiptsAmt | 0 | 616414 |
| IRS990/GrossRentsGrp/RealAmt | 0 | 109703 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | true |
| IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | false |
| IRS990/IndependentVotingMemberCnt | 0 | 4 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIInd | 0 | X |
| IRS990/InfoInScheduleOPartXInd | 0 | X |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 0 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 0 |
| IRS990/IntangibleAssetsGrp/BOYAmt | 0 | 0 |
| IRS990/IntangibleAssetsGrp/EOYAmt | 0 | 0 |
| IRS990/InterestGrp/TotalAmt | 0 | 0 |
| IRS990/InventoriesForSaleOrUseGrp/BOYAmt | 0 | 0 |
| IRS990/InventoriesForSaleOrUseGrp/EOYAmt | 0 | 0 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 7547 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 7547 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt | 0 | 0 |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 0 |
| IRS990/InvestmentsProgramRelatedGrp/BOYAmt | 0 | 0 |
| IRS990/InvestmentsProgramRelatedGrp/EOYAmt | 0 | 0 |
| IRS990/InvestmentsPubTradedSecGrp/BOYAmt | 0 | 0 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 6 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 2985 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 3244812 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 2768406 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 2771391 |
| IRS990/LegalDomicileStateCd | 0 | SC |
| IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt | 0 | 567806 |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LoansFromOfficersDirectorsGrp/BOYAmt | 0 | 0 |
| IRS990/LoansFromOfficersDirectorsGrp/EOYAmt | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | false |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | To operate as a nonprofit public benefit corporation to serve the needs and interests of Furman University, an educational organization. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt | 0 | 0 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 7633242 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 7925173 |
| IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt | 0 | -151642 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | -151642 |
| IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt | 0 | 109703 |
| IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 109703 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | -20012 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NoncashContributionsAmt | 0 | 83000 |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/TotalAmt | 0 | 0 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 573 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 573 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 0 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 0 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 720472 |
| IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt | 0 | 5692 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 5692 |
| IRS990/OtherExpensesGrp/Desc | 0 | PROPERTY TAXES |
| IRS990/OtherExpensesGrp/Desc | 1 | MEMBERSHIP FEES |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 6149 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 4888 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 6149 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 4888 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 1949041 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 2380555 |
| IRS990/OtherRevenueTotalAmt | 0 | 0 |
| IRS990/OtherSalariesAndWagesGrp/FundraisingAmt | 0 | 55000 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 55000 |
| IRS990/OtherWebsiteInd | 0 | X |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 30000 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 15000 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PaymentsToAffiliatesGrp/TotalAmt | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | false |
| IRS990/PayrollTaxesGrp/FundraisingAmt | 0 | 4208 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 4208 |
| IRS990/PensionPlanContributionsGrp/FundraisingAmt | 0 | 6600 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 6600 |
| IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt | 0 | 0 |
| IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt | 0 | 0 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 0 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | MARY LOU MERKT |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | To purchase and hold real estate that is contiguous to the Furman University Campus. |
| IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt | 0 | 7641 |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | Foundation, as lessor, has a ground lease with a SC Non-Profit corporation. Lessee constructed a continuing care retirement community on the property. Lessee is responsible for operating expenses and capital improvements. |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 1540000 |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 660763 |
| IRS990/PYInvestmentIncomeAmt | 0 | -101294 |
| IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt | 0 | 0 |
| IRS990/PYOtherExpensesAmt | 0 | 30751 |
| IRS990/PYOtherRevenueAmt | 0 | 147740 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 823432 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 71500 |
| IRS990/PYTotalExpensesAmt | 0 | 763014 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 1586446 |
| IRS990/QuidProQuoContributionsInd | 0 | false |
| IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt | 0 | 0 |
| IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | false |
| IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt | 0 | 0 |
| IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -481029 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | true |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/RentalIncomeOrLossGrp/PersonalAmt | 0 | 0 |
| IRS990/RentalIncomeOrLossGrp/RealAmt | 0 | 109703 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | true |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/RoyaltiesGrp/TotalAmt | 0 | 0 |
| IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 0 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 0 |
| IRS990ScheduleA/CertificationInd | 0 | X |
| IRS990ScheduleA/Contribution35ControlledInd | 0 | false |
| IRS990ScheduleA/ContributionControllerInd | 0 | false |
| IRS990ScheduleA/ContributionFamilyInd | 0 | false |
| IRS990ScheduleA/IRSWrittenDeterminationInd | 0 | X |
| IRS990ScheduleA/SupportedOrganizationsTotalCnt | 0 | 1 |
| IRS990ScheduleA/SupportedOrgInformationGrp/EIN | 0 | 570314395 |
| IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd | 0 | true |
| IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeDesc | 0 | 02 |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt | 0 | 429664 |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1 | 0 | FURMAN UNIVERSITY |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrgNotifiedInd | 0 | true |
| IRS990ScheduleA/SupportedOrgInformationGrp/USOrganizedInd | 0 | true |
| IRS990ScheduleA/SupportingOrganization509a3Ind | 0 | X |
| IRS990ScheduleA/SupportingOrgType2Ind | 0 | X |
| IRS990ScheduleA/SupportSumAmt | 0 | 429664 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | true |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 49713 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 2985 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 52698 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 372 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 38 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 410 |
| IRS990ScheduleD/FederalIncomeTaxLiabilityAmt | 0 | 0 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 2718283 |
| IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt | 0 | 1006425 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 1711858 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 1951348 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 429207 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | ADVANCES FROM FURMAN UNIVERSIT |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | ACCOUNTS PAYABLE TO FURMAN UNI |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | The University's policy is to record a liability for any tax position taken that is beneficial to the University, including any related interest and penalties, when it is more likely than not the position taken by management with respect to a transaction or class of transactions will be overturned by a taxing authority upon examination. Management believes there are no such positions as of June 30, 2014 and, accordingly, no liability has been accrued. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Sch D, Part X, Line 2 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 2768406 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 2380555 |
| IRS990ScheduleI/GrantRecordsMaintainedInd | 0 | true |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 0 | 429664 |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 0 | 501(c)(3) |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 0 | Support Furman University |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1 | 0 | Furman University |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 0 | 570314395 |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1 | 0 | 3300 Poinsett Highway |
| IRS990ScheduleI/RecipientTable/USAddress/City | 0 | Greenville |
| IRS990ScheduleI/RecipientTable/USAddress/State | 0 | SC |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCode | 0 | 29613 |
| IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt | 0 | Grants to Furman University occur upon the sale of donated real estate for which the donors requested that the proceeds be transferred to the University to help fund construction projects or to fund endowed scholarships. Following the sales, cash is transferred to the University and recorded to a temporarily or permanently restricted fund, and accounted for separately in the University's books and records. |
| IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Schedule I, Part I Line 2 |
| IRS990ScheduleI/Total501c3OrgCnt | 0 | 1 |
| IRS990ScheduleI/TotalOtherOrgCnt | 0 | 0 |
| IRS990ScheduleJ/AnyNonFixedPaymentsInd | 0 | false |
| IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd | 0 | false |
| IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd | 0 | false |
| IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd | 0 | false |
| IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd | 0 | false |
| IRS990ScheduleJ/EquityBasedCompArrngmInd | 0 | false |
| IRS990ScheduleJ/InitialContractExceptionInd | 0 | false |
| IRS990/ScheduleJRequiredInd | 0 | true |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt | 0 | 157226 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt | 0 | 27043 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt | 0 | 10210 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt | 0 | 56349 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 0 | Mary Lou Merkt |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 0 | Secretary/Treasurer |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt | 0 | 250828 |
| IRS990ScheduleJ/SeverancePaymentInd | 0 | false |
| IRS990ScheduleJ/SupplementalNonqualRtrPlanInd | 0 | false |
| IRS990ScheduleM/AnyPropertyThatMustBeHeldInd | 0 | false |
| IRS990ScheduleM/Form8283ReceivedCnt | 0 | 0 |
| IRS990ScheduleM/RealEstateResidentialGrp/ContributionCnt | 0 | 1 |
| IRS990ScheduleM/RealEstateResidentialGrp/MethodOfDeterminingRevenuesTxt | 0 | appraisal |
| IRS990ScheduleM/RealEstateResidentialGrp/NonCashCheckboxInd | 0 | X |
| IRS990ScheduleM/RealEstateResidentialGrp/NoncashContributionsRptF990Amt | 0 | 83000 |
| IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd | 0 | true |
| IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt | 0 | The organization uses various real estate agents and auctioneers to market and sell donated real estate. |
| IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Part I, Line 32, Hire and Use of Third Parties |
| IRS990ScheduleM/ThirdPartiesUsedInd | 0 | true |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | The Board of Directors of Furman University Foundation received a copy of the prepared Form 990 at their meeting held on March 5, 2015, which was prior to the filing of the return. Form 990 was reviewed by the directors at this time and any specific issues and/or questions were addressed. A copy of the final Form 990, as was filed with the IRS, was electronically provided to the Board of Directors prior to its filing. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Furman University Foundation is consolidated into Furman University for financial statement reporting purposes. The University receives an annual audit and issues consolidated financial statements of the University and Furman University Foundation. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Furman University Foundation established a Conflict of Interest Policy for the Board of Directors in April 2010. Each member of the board is required to complete a Conflict of Interest Disclosure Form annually. Prior to consummating a transaction or acting upon a matter involving the possible existence of a duality or conflict of interest, the individual involved shall make a full disclosure of all relevant facts to the President of the Board. Additonally, the Foundation has instituted a policy relating to conflicts of interest surrounding the various real estate transactions conducted by the Foundation. The policy is to assure that all real estate transactions are handled with propriety and sensitivity in regards to conflicts of interest. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | For the tax year ended June 30, 2014, Furman University Foundation had neither a written whistleblower policy nor a written document retention and destruction policy. The Foundation follows the whistleblower policy and document retention and destruction policy as set forth by Furman University. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Furman University Foundation makes its governing documents and policies available upon request. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | (1) During fiscal year 2014, the Foundation sold two donated properties that had been held for investment. Net cash received from the sales was allocated to Furman University as directed by the donors to partially fund the construction of (a)a softball pressbox and (b) a soccer fieldhouse. (2) An installment payment from the sale of donated property was allocated to Furman University to help fund improvements to the University's baseball facility. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | The other changes in net assets include the following: Rental Income on Ground Lease-tax difference: $728,020 Interest Income on Ground Lease ($ 7,547) Total $720,472 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | The compensated officer is an employee of Furman University, the supported organization. The officer's compensation is subject to the guidelines and policies established by Furman University. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Part VI Section B, Line 11 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Part IV, Line 12 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Part VI, Section B, Line 12 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Part VI, Section B, Line 13 and 14 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Part VI, Section C, Line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Schedule R-Part V, Lines 1-2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Part XI, Line 9 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Part VI, Section B, Line 15b |
| IRS990ScheduleR/AssetExchangeInd | 0 | false |
| IRS990ScheduleR/AssetPurchaseFromOtherOrgInd | 0 | false |
| IRS990ScheduleR/AssetSaleToOtherOrgInd | 0 | false |
| IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd | 0 | false |
| IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd | 0 | false |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1 | 0 | NA |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1 | 0 | Furman University |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN | 0 | 570314395 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt | 0 | 501 (C) (3) |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd | 0 | SC |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt | 0 | Education |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt | 0 | 2 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1 | 0 | 3300 Poinsett Highway |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City | 0 | Greenville |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State | 0 | SC |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode | 0 | 29613 |
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Displayed year
2014 • Form 990Detailed filing. Detailed filing data is available for this year.