2026-05-11T11:25:06-05:00 2025-06-30 882730877 CHERRY BEKAERT ADVISORY LLC 110 EAST COURT STREET SUITE 500 GREENVILLE SC 29601 990 2024-07-01 571002122 CLEMSON UNIVERSITY CONTINUING EDUCATION & CONFERENCE COMPLEX CORPORATION CLEM 8646563630 240 MADREN CENTER DRIVE CLEMSON SC 296340001 RICK PETILLO TREASURER 8646563630 2026-05-08 1 1 BREE-ANN WEIDNER P01319397 8642333981 2024 2025-03-06 01:10:19Z MAX ALLEN 240 MADREN CENTER DRIVE CLEMSON SC 296340001 9399155 0 X WWW.CLEMSON.EDU/MADREN X 1993 SC OPERATION & MANAGEMENT OF CLEMSON UNIVERSITY'S CONTINUING EDUCATION & CONFERENCE FACILITIES. 7 5 196 5 2487024 464059 2587705 3370146 5349388 5607512 3901 2213 102064 154086 8043058 9133957 0 0 0 0 2655380 2898394 0 0 0 2928045 3277693 5583425 6176087 2459633 2957870 8381097 13321069 2440316 4422418 5940781 8898651 THE CORPORATION EXISTS TO OWN, OPERATE, AND MANAGE THE MARTIN INN AND THE WALKER GOLF COURSE. IN ADDITION, THE CORPORATION, ON A DAILY BASIS, MANAGES THE MADREN CONFERENCE CENTER FOR CLEMSON UNIVERSITY. 0 0 2578694 2853060 THE WALKER COURSE IS USED BY VARIOUS UNIVERSITY ACADEMIC DEPARTMENTS FOR FIELD TRIPS, HANDS-ON LABORATORY LEARNING, INTERNSHIPS AND UPPER-LEVEL UNDERGRADUATE, MASTERS AND PHD LEVEL RESEARCH PROJECTS. INCLUDING TURFGRASS MANAGEMENT, PRTM, ENTOMOLOGY, WILDLIFE BIOLOGY AND FORESTRY MAJORS AMONG OTHERS. THE COURSE ALSO HOSTS ANNUAL EXTENSION ACTIVITIES SUCH AS THE TURFGRASS FIELD DAY AND MASTER POND MANAGER MEETINGS AND TRAINING. THE GOLF COURSE ALSO SERVES AS A RECRUITING TOOL FOR PROSPECTIVE STUDENTS BY HOSTING FIELD TRIPS FOR HIGH SCHOOL STUDENTS INTERESTED IN PURSUING A MAJOR IN TURFGRASS MANAGEMENT AND AN ANNUAL STEM FIELD TRIP FOR MIDDLE SCHOOL STUDENTS. THE COURSE IS ALSO INNOVATIVE IN THAT IT WAS BUILT TO ADA STANDARDS TO BE ACCESSIBLE TO THE HANDICAPPED. 2619413 2908538 THE HOTEL IS USED TO PROVIDE LODGING AND FACILITIES FOR PROGRAMS CONNECTED WITH CLEMSON UNIVERSITY IN CONJUNCTION WITH ACTIVITIES AND PROGRAMS HELD AT THE CLEMSON UNIVERSITY MADREN CENTER AND CLEMSON UNIVERSITY. THE HOTEL PROVIDES CLEMSON UNIVERSITY STUDENTS WITH A REAL LIFE LEARNING ENVIRONMENT FOCUSING ON THE ACTIVITIES ASSOCIATED WITH HOSPITALITY MANAGEMENT. 5198107 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 11 0 1 196 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 7 5 0 1 0 0 0 1 0 1 0 0 0 1 1 1 1 1 1 0 0 0 SC X LISA MARCUS DIRECTOR ARO 8646561873 391 COLLEGE AVE STE 302 CLEMSON SC 29634 MAX ALLEN CHAIR 1.00 36.50 X X 0 480280 22347 ANTHONY WAGNER SECRETARY/TREASUER, THRU 04/30/25 1.00 36.50 X X 0 555086 24460 DONNA BOWLING DIRECTOR 1.00 0.00 X 0 0 0 MARSHALL L BROWN DIRECTOR 1.00 0.00 X 0 0 0 JACK JACKSON DIRECTOR 1.00 0.00 X 0 0 0 WILLIAM RAD PAGE DIRECTOR 1.00 0.00 X 0 0 0 MARK WASSERMAN DIRECTOR 1.00 0.00 X 0 0 0 RICHARD PETILLO SECRETARY/TREASUER, FROM 04/30/25 1.00 36.50 X X 0 347140 39418 DON GARRETT SUPERINTENDENT 40.00 0.00 X 141387 0 2063 SHARON FRANKS GENERAL MANAGER 40.00 0.00 X 129042 0 13528 BRENT JESSUP GOLF PRO 40.00 0.00 X 112427 0 2665 382856 1382506 104481 3 0 1 0 BRASFIELD & GORRIE LP 1 NORTH MAIN STREET SUITE 904 GREENVILLE SC 29601 CONSTRUCTION 684461 P F CONSTRUCTION 290 MCCARTER ROAD 1341 FOUNTAIN INN SC 29644 POOL CONSTRUCTION 335032 COOPER CARRY INC PO BOX 117569 ATLANTA SC 303687569 ARCHITECTURAL CONSULTING 315354 SOUTHERN HOSPITALITY GROUP LLC 209 SPAULDING FARM RD GREENVILLE SC 29615 PROPERTY MANAGEMENT SERVICES 300000 HOT SPRINGS POOLS 578 WOODRUFF ROAD GREENVILLE SC 29607 POOL CONSTRUCTION 164535 10 3370146 3370146 JAMES F. MARTIN INN 721110 2908538 2266880 641658 THE WALKER COURSE 713910 1795059 840960 954099 GOLF MEMBERSHIP REVENUE 713910 903915 114009 789906 5607512 2213 2213 419284 265198 154086 52725 101361 9133957 3274574 2487024 2213 2430943 2124804 306139 25064 12106 12958 259373 193963 65410 183014 150800 32214 300000 300000 3473 3473 37620 37620 55379 41055 14324 7024 7024 58021 45511 12510 34814 17165 17649 329459 329459 14389 10745 3644 51912 51912 1261204 1261204 106662 16432 90230 GOLF COURSE EXPENSES 434676 434676 HOTEL ROOM EXPENSE 219754 219754 CREDIT CARD FEES 134820 134820 TAXES & LICENSES 105804 105627 177 122682 99986 22696 6176087 5198107 977980 0 1037143 613545 102634 133309 75195 222781 25562 91428 27796737 17423504 6798593 10373233 341970 1886773 8381097 13321069 512465 919489 61992 48448 1519728 1210908 346131 2243573 2440316 4422418 X 5940781 8898651 5940781 8898651 8381097 13321069 2957870 0 X 0 1 X 1 0 X X 1 CLEMSON UNIVERSITY 576000254 6 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X PART IV, SECTION D, LINE 3: THE CHAIRMAN AND SECRETARY/TREASURER ARE APPOINTED BY THE PRESIDENT OF CLEMSON UNIVERSITY AND ARE EMPLOYEES OF CLEMSON UNIVERSITY. BECAUSE OF THIS RELATIONSHIP, THE UNIVERSITY HAS A SIGNIFICANT VOICE IN THE ORGANIZATION'S INVESTMENT POLICIES AND OTHER USE OF INCOME OR ASSETS. PART IV, SECTION E, LINE 1C: THE ORGANIZATION HAS BEEN ORGANIZED, AND AT ALL TIMES SHALL BE OPERATED, EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF CLEMSON UNIVERSITY, A SOUTH CAROLINA STATE AGENCY, IN CONNECTION WITH ITS EDUCATIONAL AND CHARITABLE PURPOSES. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13871474 7349077 6522397 10403946 6954516 3449430 3521317 3119911 401406 10373233 RIGHT-OF-USE LEASE ASSETS 1886773 1886773 RIGHT-OF-USE LEASE LIABILITY 1893625 LINE OF CREDIT 349948 2243573 X 9399155 0 9399155 -265198 -265198 9133957 6441285 265198 265198 6176087 0 6176087 PART X, LINE 2: THE CORPORATION'S POLICY IS TO RECORD A LIABILITY FOR ANY TAX POSITION TAKEN THAT IS BENEFICIAL TO THE CORPORATION, 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, 2025 AND 2024 AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -265,198. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 265,198. 0 0 0 0 0 0 0 0 0 ANTHONY WAGNER SECRETARY/TREASUER, THRU 04/30/25 0 545086 0 10000 0 0 0 14500 0 9960 0 579546 0 0 MAX ALLEN CHAIR 0 425181 0 0 0 55099 0 14500 0 7847 0 502627 0 0 RICHARD PETILLO SECRETARY/TREASUER, FROM 04/30/25 0 346600 0 0 0 540 0 14500 0 24918 0 386558 0 0 FORM 990, PART VI, SECTION A, LINE 3 SOUTHERN HOSPITALITY GROUP, THE MANAGEMENT COMPANY, HAS THE ABILITY TO SERVE AS AN AGENT FOR COMPLEX CORPORATION IN MATTERS INCLUDING HIRING, FIRING, AND SUPERVISING PERSONNEL, PLANNING AND EXECUTING BUDGETS, AND SUPERVISING OPERATIONS OF THE PROPERTY INCLUDING THE MARTIN INN AND WALKER COURSE. FORM 990, PART VI, SECTION A, LINE 7A THE CHAIRMAN AND SECRETARY/TREASURER ARE APPOINTED BY THE PRESIDENT OF CLEMSON UNIVERSITY TO SERVE AS OFFICER DIRECTORS. THEY MUST BE EMPLOYEES OF CLEMSON UNIVERSITY. THE CHAIRMAN OF THE CLEMSON UNIVERSITY FOUNDATION APPOINTS TWO MEMBERS FROM THE CLEMSON UNIVERSITY FOUNDATION BOARD TO SERVE ON THE BOARD. FORM 990, PART VI, SECTION A, LINE 8B THE BOARD CONSISTS OF SEVEN MEMBERS AND THERE ARE NO COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS SENT TO THE BOARD FOR REVIEW AND COMMENT PRIOR TO THE FILING DEADLINE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS AN EMPLOYEE MANUAL WHICH INCLUDES A CONFLICT OF INTEREST POLICY. ALL EMPLOYEES ARE REQUIRED TO SIGN FOR RECEIPT, ACCEPTANCE, AND COMPLIANCE WITH THE EMPLOYEE MANUAL AND ALL POLICIES STATED WITHIN THE MANUAL. OFFICERS AND DIRECTORS MUST REVIEW AND SIGN A YEARLY STATEMENT ACKNOWLEDGING COMPLIANCE WITH A CODE OF CONDUCT POLICY THAT CONTAINS A CONFLICT OF INTEREST SECTION. FORM 990, PART VI, SECTION C, LINE 19 AS A CLEMSON UNIVERSITY SUPPORTING ORGANIZATION, THE CORPORATION IS CONSIDERED SUBJECT TO THE FREEDOM OF INFORMATION ACT AND MAKES ANY DOCUMENTS REQUESTED AVAILABLE TO THE PUBLIC. CLEMSON UNIVERSITY G06 SIKES HALL CLEMSON SC 29634 576000254 RESEARCH UNIVERSITY SC 170(C)(1) N/A N/A 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 CLEMSON UNIVERSITY P 235682 BOOK VALUE CLEMSON UNIVERSITY Q 4328053 BOOK VALUE