Totals
- Total revenue
- $45,679,715
- Total expenses
- $58,317,120
- Contributions and grants received
- $3,908,804
- Grants paid
- $14,458,709
- Program service revenue
- $39,796,895
- Investment income
- $1,909,764
- Other revenue
- $64,252
- Total assets, end of year
- $73,143,263
- Total liabilities, end of year
- $40,696,776
- Net assets or fund balances, end of year
- $32,446,487
- Program services expenses (Part IX)
- $46,302,586
- Management and general expenses
- $11,430,126
- Fundraising expenses
- $584,408
- Program service expenses (Part III)
- $46,302,586
Program services were 79.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$2,129,401
-
1f · All other contributions, gifts and grants
$1,779,403
-
1g · Noncash contributions included above
$10,334
-
2a · Program service revenue: TUITION AND FEES
total $33,835,081 · related or exempt $33,835,081
-
2b · Program service revenue: AUXILIARY - ROOM AND BOARD
total $3,352,033 · related or exempt $3,352,033
-
2c · Program service revenue: AUXILIARY - OTHER
total $1,885,924 · related or exempt $1,885,924
-
2d · Program service revenue: AUXILIARY - BOOKSTORE
total $667,285 · related or exempt $667,285
-
2e · Program service revenue: SUMMER CAMPS
total $56,572 · related or exempt $56,572
-
3 · Investment income
total $849,435 · excluded $849,435
-
6a · Gross rents
real property $80,737
-
6b · Less rental expenses
real property $16,485
-
6c · Rental income or loss
real property $64,252
-
6d · Net rental income or loss
total $64,252 · excluded $64,252
-
7a · Gross sales of assets other than inventory
securities $26,786,585
-
7b · Less cost or other basis and sales expenses
securities $22,624,560 · other assets $3,101,696
-
7c · Gain or loss
securities $4,162,025 · other assets -$3,101,696
-
7d · Net gain or loss
total $1,060,329 · excluded $1,060,329
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $14,458,709 · program services $14,458,709
-
5 · Compensation of officers, directors and key employees
total $501,826 · program services $416,516 · management and general $80,292 · fundraising $5,018
-
7 · Other salaries and wages
total $15,849,016 · program services $12,369,181 · management and general $3,310,642 · fundraising $169,193
-
8 · Pension plan contributions
total $453,173 · program services $354,066 · management and general $99,107
-
9 · Other employee benefits
total $1,999,593 · program services $1,561,510 · management and general $438,083
-
10 · Payroll taxes
total $1,188,199 · program services $929,124 · management and general $259,075
-
11b · Fees: legal
total $197,879 · management and general $197,879
-
11c · Fees: accounting
total $127,405 · management and general $127,405
-
11e · Fees: professional fundraising services
total $55,893 · fundraising $55,893
-
11f · Fees: investment management
total $71,421 · management and general $71,421
-
11g · Fees: other
total $237,931 · program services $237,931
-
12 · Advertising and promotion
total $486,245 · program services $55,558 · management and general $430,687
-
13 · Office expenses
total $1,125,973 · program services $732,442 · management and general $380,181 · fundraising $13,350
-
14 · Information technology
total $1,033,039 · management and general $1,033,039
-
16 · Occupancy
total $4,200,230 · program services $3,465,502 · management and general $734,728
-
17 · Travel
total $889,182 · program services $694,721 · management and general $188,237 · fundraising $6,224
-
20 · Interest
total $598,944 · management and general $598,944
-
22 · Depreciation, depletion and amortization
total $2,716,419 · program services $2,268,310 · management and general $448,109
-
23 · Insurance
total $974,707 · program services $457,763 · management and general $516,944
-
24a · Other expenses: OTHER EXPENSES
total $6,221,783 · program services $3,591,054 · management and general $2,295,999 · fundraising $334,730
-
24b · Other expenses: AUXILIARY EXPENSES
total $2,969,089 · program services $2,969,089
-
24c · Other expenses: BAD DEBT
total $1,290,321 · program services $1,070,967 · management and general $219,354
-
24d · Other expenses: BOOKSTORE EXPENSES
total $551,587 · program services $551,587
-
24e · All other expenses
total $118,556 · program services $118,556
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $39,149 · end of year $41,360
-
2 · Savings and temporary cash investments
beginning of year $1,221,663 · end of year $7,773,254
-
3 · Pledges and grants receivable
beginning of year $4,258,828 · end of year $703,709
-
4 · Accounts receivable
beginning of year $1,902,447 · end of year $1,909,344
-
8 · Inventories for sale or use
beginning of year $38,809 · end of year $36,488
-
9 · Prepaid expenses and deferred charges
beginning of year $384,822 · end of year $94,513
-
10a · Land, buildings and equipment: cost or other basis
$82,899,498
-
10b · Land, buildings and equipment: accumulated depreciation
$34,626,613
-
10c · Land, buildings and equipment, net
beginning of year $53,430,569 · end of year $48,272,885
-
11 · Investments: publicly traded securities
beginning of year $23,472,221 · end of year $10,579,900
-
15 · Other assets
beginning of year $371,851 · end of year $3,731,810
-
17 · Accounts payable and accrued expenses
beginning of year $3,765,493 · end of year $2,029,488
-
19 · Deferred revenue
beginning of year $938,633 · end of year $2,326,215
-
23 · Secured mortgages and notes payable
beginning of year $32,316,629 · end of year $32,948,872
-
25 · Other liabilities
beginning of year $880,841 · end of year $3,392,201
-
27 · Net assets without donor restrictions
beginning of year $15,065,606 · end of year $1,040,644
-
28 · Net assets with donor restrictions
beginning of year $32,153,157 · end of year $31,405,843
Mission and programs · 2022
Mission
THE MISSION OF LIMESTONE UNIVERSITY IS TO EDUCATE STUDENTS FROM DIVERSE BACKGROUNDS IN THE LIBERAL ARTS AND SELECTED PROFESSIONAL DISCIPLINES. BY PROVIDING DEGREE PROGRAMS THROUGHOUT SOUTH CAROLINA AND BY WAY OF THE INTERNET, LIMESTONE UNIVERSITY OFFERS OPPORTUNITIES FOR PERSONAL AND PROFESSIONAL GROWTH TO INDIVIDUALS WHO MAY FIND ACCESS TO HIGHER EDUCATION DIFFICULT.
Activities or mission (Part I)
LIMESTONE UNIVERSITY IS A FOUR-YEAR, LIBERAL ARTS INSTITUTION IN GAFFNEY, SC. ESTABLISHED IN 1845, LIMESTONE OFFERS MASTERS, BACHELOR AND ASSOCIATE DEGREES THROUGH TRADITIONAL AND NON-TRADITIONAL EDUCATIONAL OPPORTUNITIES.
-
LIMESTONE UNIVERSITY PROVIDES POST-SECONDARY EDUCATION FOR APPROXIMATELY 2,250 FTE DEGREE-SEEKING STUDENTS, INCLUDING ACADEMIC/STUDENT SUPPORT AND AUXILIARY SERVICES.
Expenses $46,302,586 · Grants $14,458,709 · Revenue $39,796,895
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
David RigginsDAVID RIGGINS
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Tommy Windsor JrTOMMY WINDSOR JR
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Randall RichardsonRANDALL RICHARDSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Paul FlemingPAUL FLEMING
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Julius Anderson JrJULIUS ANDERSON JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Stephen BryantSTEPHEN BRYANT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Michael DanielMICHAEL DANIEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
David DormanDAVID DORMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Tony FisherTONY FISHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Franklin FosterFRANKLIN FOSTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Virginia HamrickVIRGINIA HAMRICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Lyman HamrickLYMAN HAMRICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Michael HoenigMICHAEL HOENIG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
J Brian HoneycuttJ BRIAN HONEYCUTT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Rick JiranRICK JIRAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Michelle JollyMICHELLE JOLLY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Julie LowreyJULIE LOWREY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Tommy MartinTOMMY MARTIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Rahul MehraRAHUL MEHRA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Vera MitchellVERA MITCHELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Harold MooreHAROLD MOORE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
N Eugene MooreheadN EUGENE MOOREHEAD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Ana MossANA MOSS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Harmony NodaHARMONY NODA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Phil OrrPHIL ORR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
William PullumWILLIAM PULLUM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Tierney RollinsTIERNEY ROLLINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Joseph SullivanJOSEPH SULLIVAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Johnathan WallerJOHNATHAN WALLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Haley WilliamsHALEY WILLIAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Monica BalogaMONICA BALOGA
PROVOST
- Total calculated
- $197,152
- From this org
- $175,100
- From related orgs
- $0
- Other
- $22,052
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $175,100
- Bonus
- $0
- Other
- $0
- Deferred
- $7,018
- Nontaxable benefits
- $15,034
- Filer's total
- $197,152
-
Darrell ParkerDARRELL PARKER
PRESIDENT (TERM 1/26/23)
- Total calculated
- $369,159
- From this org
- $336,667
- From related orgs
- $0
- Other
- $32,492
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $306,667
- Bonus
- $0
- Other
- $30,000
- Deferred
- $12,691
- Nontaxable benefits
- $19,801
- Filer's total
- $369,159
-
Reggie BrowningREGGIE BROWNING
VP FINANCE & ADMIN (TERM 1/18/23)
- Total calculated
- $179,187
- From this org
- $165,160
- From related orgs
- $0
- Other
- $14,027
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $164,800
- Bonus
- $0
- Other
- $360
- Deferred
- $6,620
- Nontaxable benefits
- $7,407
- Filer's total
- $179,187
-
Hugh RoachHUGH ROACH
DIRECTOR OF IT
- Total calculated
- $140,248
- From this org
- $120,360
- From related orgs
- $0
- Other
- $19,888
- Hours/week
- 40
-
Paul LefrancoisPAUL LEFRANCOIS
DEAN
- Total calculated
- $121,467
- From this org
- $109,868
- From related orgs
- $0
- Other
- $11,599
- Hours/week
- 40
-
Amber WilliamsAMBER WILLIAMS
ASSOCIATE PROFESSOR
- Total calculated
- $132,606
- From this org
- $120,360
- From related orgs
- $0
- Other
- $12,246
- Hours/week
- 40
-
Michael CerinoMICHAEL CERINO
VP ATHLETICS
- Total calculated
- $126,945
- From this org
- $110,175
- From related orgs
- $0
- Other
- $16,770
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202401349349308350
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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