2025-05-15T07:30:54-00:00 2024-06-30 581910650 The Wesley Peachtree Group CPAs 1475 Klondike Road Suite 100 Conyers GA 30094 990 2023-07-01 237434499 Paine College PAIN 7068218200 1235 Fifteenth Street Augusta GA 30901 Leroy Summers CFO 7068218200 2025-05-13 true true Dane Alexander P01684380 4048740555 2025-05-13 2023 2025-03-06 01:10:19Z Leroy Summers 1235 Fifteenth Street Augusta GA 30901 13684610 false X www.paine.edu X 1905 GA To provide a liberal arts education of the highest quality that emphasizes academic excellence, ethical and spiritual values, social responsibility, and personal development. 24 24 313 31 0 6273635 5221402 5007378 6436246 316554 385394 853414 1641568 12450981 13684610 929080 1020471 0 440030 435922 0 9534 11868743 13419364 13237853 14875757 -786872 -1191147 37150696 36913873 20154582 21058049 16996114 15855824 To provide a liberal arts education of the highest quality that emphasizes academic excellence, ethical and spiritual values, social responsibility, and personal development to prepare men and women for positions of leadership and service in the African American community, the nation, and the world. false false 9389861 1020471 5006866 To sustain a learning community in which students can prepare academically, socially and spiritually for leadership in a complex, diverse and rapidly changing world. 2059439 1429380 Auxiliary Enterprises support the Colleges mission of providing quality educational opportunities. These services include, but are not limited to food services, campus housing, postal services, parking, vending, campus stores and athletics. 11449300 true true false false false false false false false true true false false false false true true false true false false false false false false false false false true false false false false false false false false false false false false false false true false true false true 732 0 313 true false false false false false false false false false false false false false X 24 24 false false false false false false false true true false false true true true true true true true true false GA X Leroy Summers 7068218200 1235 Fifteenth Street Augusta GA 30901 Dr Cheryl Evans-Jones President 040.00 001.00 X X 139119 0 0 Mr Leroy Summers Jr Vice President of Administration and Fiscal Affairs 040.00 001.00 X 110013 0 0 Ms Marci Middleton Interim Vice President of Academic Affairs 040.00 001.00 X 99347 0 0 Ms Helene Carter Vice President of Institutional Advancement 040.00 001.00 X 69442 0 0 Dr Curtis Martin Provost/Vice President of Academic Affairs 040.00 001.00 X 18001 0 0 Ms Barbara E Bouknight Trustee 001.00 001.00 X 0 0 0 Ms Sharyn Doanes-Bergin Trustee 001.00 001.00 X 0 0 0 Reverend James Cason Trustee 001.00 001.00 X 0 0 0 Dr Carmichael Crutchfield Secretary 001.00 001.00 X X 0 0 0 Dr Lenalda R Corley Trustee 001.00 001.00 X 0 0 0 Mr J R Henderson Trustee 001.00 001.00 X 0 0 0 Dr Barbara Burns Hall Trustee 001.00 001.00 X 0 0 0 Dr Charles G Larke Trustee 001.00 001.00 X 0 0 0 Mr Adams Roberts Trustee 001.00 001.00 X 0 0 0 Reverend Jerry D Woodfork Sr Trustee 001.00 001.00 X 0 0 0 Mr Okoroafor Nzeh Trustee 001.00 001.00 X 0 0 0 Mr Michael L Thurmond Chair 001.00 001.00 X X 0 0 0 Reverend Dr Tyrone Davis Trustee 001.00 001.00 X 0 0 0 Bishop Sue Haupert-Johnson Trustee 001.00 001.00 X 0 0 0 Reverend John Thompson Trustee 001.00 001.00 X 0 0 0 Bishop Thomas L Brown Sr Chair-Elect 001.00 001.00 X X 0 0 0 Dr Lester G Jackson Vice Chair 001.00 001.00 X X 0 0 0 Ms Robin Dease Trustee 001.00 001.00 X 0 0 0 Mr David Graves Trustee 001.00 001.00 X 0 0 0 Mr Derrick Gross Trustee 001.00 001.00 X 0 0 0 Mr Melvin W Lindsey Trustee 001.00 001.00 X 0 0 0 Ms Tomekia Starks Trustee 001.00 001.00 X 0 0 0 Ms Jacqueline I Scott Trustee 001.00 001.00 X 0 0 0 Mr Victor Taylor Trustee 001.00 001.00 X 0 0 0 435922 2 false false false Thompson Hospitality Services 1741 Business Center Drive Reston VA 20190 Food Service 584456 Latonya Flamer 2121 Gramercy Park Drive Greensboro NC 27406 Accounting Services 108970 Focused Landscapes LLC 201 Old Mill Road Martinez GA 30907 Landscaping 131164 3 3100134 2121268 5221402 Tuition and fees 611600 5006866 5006866 Sales and services of auxiliary enteprises 611710 1429380 1429380 6436246 385394 385394 Other income 900099 1053265 1053265 Endowment income appropriated for operations 900099 588303 588303 1641568 13684610 8463208 0 1020471 1020471 0 0 435922 435922 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Instruction 2425372 2425372 Academic Support 1129584 980401 149183 Student Services 4913233 4913233 Institutional Support 2891736 50384 2831818 9534 2059439 2059439 14875757 11449300 3416923 9534 1276651 1012640 2302295 326325 150350 45 90118 118577 222728 332565 49840244 26552686 23020695 23287558 9154126 10824770 436704 487912 497029 523481 37150696 36913873 3221131 4120691 7465293 7465293 9468158 9472065 20154582 21058049 X 10339358 9199068 6656756 6656756 16996114 15855824 37150696 36913873 X -1191147 50857 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false 5150467 385394 385394 5150467 5150467 316554 316554 5150467 5150467 189420 189420 5150467 5150467 143844 143844 5150467 5150467 242269 242269 5150467 1.00000 false false 1240001 1240001 33492017 18103354 15388663 13972472 7552504 6419968 520000 281074 238926 23287558 Financial derivatives and other financial products Closely-held equity interests Federal income taxes X 13735467 50857 50857 13684610 13684610 14875757 14875757 14875757 V 4 The Colleges endowment consists of individual funds established to provide scholarships to eligible students of the College. X 2 Accounting principles generally accepted in the United States of America requires the Colleges management to evaluate tax positions taken by the College and to recognize a tax liability or asset if the College has taken an uncertain tax position that will more-likely-than-not be sustained upon examination by taxing authorities. The College analyzed its tax position for the year ended June 30, 2024 and determined that there are no uncertain tax positions that would have a material impact of the Colleges financial statements. true true true true true true true false false false false false false false false true false true 6a The College offers scholarships and student financial aid to assist with meeting the students financial obligations. The Financial Aid Office has the necessary policies and procedures to ensure that the College adheres to and complies with federal regulations regarding eligibility for student financial aid. Requirements for receiving scholarships depend on other factors, such as grade point average, family income, or athletic talents. true Privately Funded Student Scholarships 207 1020471 Part III Line 1 All scholarships are awarded based upon specific criteria maintained by the financial aid office. Requirements for receiving scholarships depend upon other factors, such as grade point average, family income or economic need. The Colleges financial aid staff monitors the eligibility guidelines to ensure compliance. The College also undergoes the required Uniform Guidance audit annually. Form 990, Part VI, Section Section B, Line 11b Vice President of Administrative and Fiscal Affairs is responsible for presenting the Form 990 to the Audit Committee for review and approval prior to filing. Committee members acknowledge receipt, review and approval of the Form 990 by way of email. Form 990, Part VI, Section Section B, Line 12c Trustees are required to disclose at the next convening Board of Trustees meeting any conflict of interest. Trustees with a conflict of interest on a matter for vote must abstain from voting. The Colleges audit committee is responsible for adherence to the policy. Form 990, Part VI, Section Section B, Line 15 The operating budget is assessed and reasonable compensation is determined for the President, CFO, other officers and key employees. There is no review and approval by independent persons, comparability data and contemporaneous substantiation of the deliberation and decision process. Form 990, Part VI, Section Section C, Line 19 The governing documents including the conflict of interest policy are posted on the website. Financial statements are made available to the public upon written request and approval by the President or designee. Form 990, Part XI, Line 9 This amount represents an endowment income in excess of amounts appropriated for operations of 50,857. false false true false false false false false false false false false false false false false false false false Christian Methodist Episcopal Church c 30510 FMV United Methodist Episcopal Church c 545278 FMV