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ObjectId: 202211369349312211 - Submission: 2022-05-16
TIN: 57-0314395
Schedule J
(Form 990)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
Attach to Form 990.
Go to
www.irs.gov/Form990
for instructions and the latest information.
OMB No. 1545-0047
20
20
Open to Public Inspection
Name of the organization
FURMAN UNIVERSITY
Employer identification number
57-0314395
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
First-class or charter travel
Housing allowance or residence for personal use
Travel for companions
Payments for business use of personal residence
Tax idemnification and gross-up payments
Health or social club dues or initiation fees
Discretionary spending account
Personal services (e.g., maid, chauffeur, chef)
b
If any of the boxes on Line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain
.....
1b
Yes
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked on Line 1a?
....
2
Yes
3
Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.
Compensation committee
Written employment contract
Independent compensation consultant
Compensation survey or study
Form 990 of other organizations
Approval by the board or compensation committee
4
During the year, did any person listed on Form 990, Part VII, Section A, line 1a, with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment?
.............
4a
Yes
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan?
.........
4b
No
c
Participate in, or receive payment from, an equity-based compensation arrangement?
.........
4c
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.
5
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization?
....................
5a
No
b
Any related organization?
.......................
5b
No
If "Yes," on line 5a or 5b, describe in Part III.
6
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization?
..................
6a
No
b
Any related organization?
......................
6b
No
If "Yes," on line 6a or 6b, describe in Part III.
7
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any nonfixed
payments not described in lines 5 and 6? If "Yes," describe in Part III
............
7
Yes
8
Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III
..........................
8
No
9
If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)?
.........................
9
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50053T
Schedule J (Form 990) 2020
Page 2
Schedule J (Form 990) 2020
Page
2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees.
Use duplicate copies if additional space is needed.
For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note.
The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.
(A)
Name and Title
(B)
Breakdown of W-2 and/or 1099-MISC compensation
(C)
Retirement and other deferred compensation
(D)
Nontaxable
benefits
(E)
Total of columns
(B)(i)-(D)
(F)
Compensation in column (B) reported as deferred on prior Form 990
(i)
Base
compensation
(ii)
Bonus & incentive
compensation
(iii)
Other
reportable compensation
1
DR ELIZABETH DAVIS
PRESIDENT
(i)
(ii)
478,322
-------------
0
0
-------------
0
20,426
-------------
0
35,625
-------------
0
6,607
-------------
0
540,980
-------------
0
0
-------------
0
2
ROBERT RICHEY
MEN'S HEAD BASKETBALL COACH
(i)
(ii)
307,157
-------------
0
75,000
-------------
0
1,536
-------------
0
32,964
-------------
0
19,062
-------------
0
435,719
-------------
0
0
-------------
0
3
MICHAEL HENDRICKS
VP ENROLLMENT MANAGEMENT
(i)
(ii)
260,070
-------------
0
0
-------------
0
20,432
-------------
0
32,532
-------------
0
18,214
-------------
0
331,248
-------------
0
0
-------------
0
4
CLAYTON HENDRIX
MEN'S HEAD FOOTBALL COACH
(i)
(ii)
267,136
-------------
0
1,000
-------------
0
1,326
-------------
0
30,468
-------------
0
19,176
-------------
0
319,106
-------------
0
0
-------------
0
5
DAVID P STEINOUR
CHIEF INFORMATION OFFICER
(i)
(ii)
247,981
-------------
0
0
-------------
0
22,511
-------------
0
30,758
-------------
0
1,008
-------------
0
302,258
-------------
0
0
-------------
0
6
HEIDI MCCRORY
VP DEVELOPMENT
(i)
(ii)
232,275
-------------
0
0
-------------
0
1,320
-------------
0
27,891
-------------
0
35,682
-------------
0
297,168
-------------
0
0
-------------
0
7
RICHARD MEADE
MEN'S HEAD LACROSSE COACH
(i)
(ii)
151,832
-------------
0
0
-------------
0
124,073
-------------
0
19,069
-------------
0
1,258
-------------
0
296,232
-------------
0
0
-------------
0
8
JASON DONNELLY
ATHLETICS DIRECTOR
(i)
(ii)
230,160
-------------
0
10,500
-------------
0
8,933
-------------
0
27,344
-------------
0
19,103
-------------
0
296,040
-------------
0
0
-------------
0
9
KENNETH PETERSON
VP FOR ACADEMIC AFFAIRS & PROVOST
(i)
(ii)
235,122
-------------
0
0
-------------
0
24,370
-------------
0
30,078
-------------
0
5,806
-------------
0
295,376
-------------
0
0
-------------
0
10
THOMAS E EVELYN II
VP UNIVERSITY COMMUNICATIONS
(i)
(ii)
225,699
-------------
0
0
-------------
0
2,851
-------------
0
27,350
-------------
0
37,594
-------------
0
293,494
-------------
0
0
-------------
0
11
KRISTOPHER N KAPOOR
CHIEF INVESTMENT OFFICER
(i)
(ii)
176,468
-------------
0
37,085
-------------
0
19,543
-------------
0
26,887
-------------
0
16,890
-------------
0
276,873
-------------
0
0
-------------
0
12
SUSAN MADDUX
VP FINANCE & ADMINISTRATION
(i)
(ii)
233,579
-------------
0
0
-------------
0
4,326
-------------
0
27,891
-------------
0
8,032
-------------
0
273,828
-------------
0
0
-------------
0
13
GEORGE SHIELDS
CHEMISTRY PROFESSOR
(i)
(ii)
201,888
-------------
0
0
-------------
0
8,390
-------------
0
21,715
-------------
0
19,144
-------------
0
251,137
-------------
0
0
-------------
0
14
CONNIE L CARSON
VP STUDENT LIFE
(i)
(ii)
197,454
-------------
0
0
-------------
0
1,087
-------------
0
22,750
-------------
0
6,622
-------------
0
227,913
-------------
0
0
-------------
0
15
DONALD GORDAN
EXECUTIVE DIRECTOR RILEY INSTITUTE
(i)
(ii)
178,781
-------------
0
0
-------------
0
1,475
-------------
0
20,699
-------------
0
11,800
-------------
0
212,755
-------------
0
0
-------------
0
16
JEFF REDDERSON
AVP FACILITIES
(i)
(ii)
153,404
-------------
0
0
-------------
0
13,756
-------------
0
19,886
-------------
0
9,185
-------------
0
196,231
-------------
0
0
-------------
0
Schedule J (Form 990) 2020
Page 3
Schedule J (Form 990) 2020
Page
3
Part III
Supplemental Information
Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.
Return Reference
Explanation
PART I, LINE 1A
A COMPANION HAS TRAVELED WITH BOTH THE PRESIDENT, ELIZABETH DAVIS, AND THE MEN'S BASKETBALL COACH, ROBERT RICHEY. TO THE EXTENT THE TRAVEL WAS PERSONAL IN NATURE SUCH AMOUNTS WERE INCLUDED IN TAXABLE INCOME. THE PRESIDENT OF THE UNIVERSITY AND HER FAMILY RESIDE AT WHITE OAKS WHICH IS THE OFFICIAL RESIDENCE OF THE PRESIDENT. THE PRESIDENT IS REQUIRED TO LIVE AT WHITE OAKS AS A CONDITION TO HER EMPLOYMENT. THE RESIDENCE IS OWNED AND MAINTAINED BY THE UNIVERSITY. CLEANING, MAINTENANCE, AND GROUNDSKEEPING SERVICES ARE PROVIDED BY THE UNIVERSITY FOR THE PUBLIC AREAS OF THE RESIDENCE ONLY. THE PRESIDENT HOSTS UNIVERSITY EVENTS AT WHITE OAKS AS WELL. ELIZABETH DAVIS WAS PROVIDED WITH A CLUB MEMBERSHIP. TO THE EXTENT THE DUES WERE CONSIDERED PERSONAL, THE AMOUNTS WERE INCLUDED IN TAXABLE INCOME OR REIMBURSED TO THE UNIVERSITY. OTHERWISE, THE DUES ALLOW HER TO MEET WITH DONORS AND OTHER SUPPORTERS OF THE UNIVERSITY AT THE CLUB. FURMAN POLICY GOVERNS THE NATURE AND TYPE OF ALLOWABLE EXPENDITURES AND PAYMENTS, INCLUDING REQUIREMENTS TO PROVIDE SUPPORTING DOCUMENTATION DETAILING THE TRANSACTION AND BUSINESS PURPOSE OF ANY APPROVED EXPENDITURE.
PART I, LINE 4A
THE UNIVERSITY HAS A SEVERANCE AGREEMENT WITH RICHARD MEADE. AS PART OF THE SEVERANCE AGREEMENT, MEADE WAS PAID $239,719 DURING FY21. THE AGREEMENT IS TO PAY HIM HIS REGULAR SALARY OF $261,512 FOR THREE YEARS ENDING JUNE 30, 2023.
PART I, LINE 7
FURMAN UNIVERSITY MADE A NON-FIXED BONUS PAYMENT TO ROBERT RICHEY. THE PAYMENT WAS NOT CONTINGENT ON THE REVENUES OR NET EARNINGS OF THE UNIVERSITY OR ANY RELATED ORGANIZATION AND WAS APPROVED BY THE PRESIDENT WITH THE SUPPORT OF THE BOARD.
Schedule J (Form 990) 2020
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