2023-04-14T11:05:34-05:00 2022-05-31 363990892 Capin Crouse LLP 1255 Lakes Parkway Suite 105 Lawrenceville GA 30043 990 2021-06-01 582624570 Shorter University SHOR 7062912121 315 Shorter Avenue Rome GA 301654267 Michelle Stricklin VP of Finance, CFO 7062912121 2023-04-14 1 Michelle Stricklin 999009999 Daren Daiga P01074795 5055022746 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z Dr Donald V Dowless 315 Shorter Avenue Rome GA 301654267 40363672 0 X www.shorter.edu X 1873 GA Shorter University is a private Christian non-profit comprehensive liberal arts institution. 36 36 514 40 0 0 8046235 7307770 30339906 32367594 169708 184533 -2423882 -52352 36131967 39807545 13615630 16690342 0 0 12546230 12571052 0 0 225010 8468588 9596547 34630448 38857941 1501519 949604 57466893 57209537 17787556 16766341 39679337 40443196 Advancing God's Kingdom through a commitment to academic excellence, spiritual growth, Christian leadership, and global service within the context of a biblical worldview. 0 0 23906139 16690342 26548738 Instructional - Funds expended for instructional activities in Associate, Bachelor, and Master degree programs. Enrollment in 2021-2022 included 1,807 students.Scholarship and financial aid - Comprehensive financial assistance program includes scholarships, grants, loans and part-time campus employment. Every student enrolled full-time at Shorter University receives some form of financial assistance. 5774444 5726687 Student support - Funds expended for activities contributing to students' well being and intellectual, cultural, and social development outside of formal instruction. 2184585 92169 Academic support - Expenditures integral to the operation and support of the academic services of the University.Auxiliary enterprises - Expenditures to provide services to student, faculty, and staff including housing, cafeteria, and bookstore. 31865168 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 1 2044 0 1 514 1 0 0 0 0 0 0 0 0 0 1 0 0 0 X 36 36 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X Michelle Stricklin 7062912121 315 Shorter Avenue Rome GA 301654267 Mr Jerry Emerson Board Chair (part year) 1.00 X X 0 0 0 Mr William Fricks Board Chair 1.00 X X 0 0 0 Mr Bryan Rice Board Vice-Chair 1.00 X X 0 0 0 Dr Danny Cochran Secretary 1.00 X X 0 0 0 Dr Thomas Hammond Ex Officio Member 1.00 X 0 0 0 Dr Stephen Anthony Trustee 1.00 X 0 0 0 Mr Russ Brown Trustee 1.00 X 0 0 0 Mrs Cheryl Cox Trustee 1.00 X 0 0 0 Mrs Susie Gass Trustee 1.00 X 0 0 0 Dr Gerald Harris Trustee 1.00 X 0 0 0 Mr John Hatcher Trustee 1.00 X 0 0 0 Ms Wanda Levan Trustee 1.00 X 0 0 0 Mr Larry Maxey Trustee 1.00 X 0 0 0 Dr Keith McBroom Trustee 1.00 X 0 0 0 Rev Jeff Overton Trustee 1.00 X 0 0 0 Mrs Amy Patterson Trustee 1.00 X 0 0 0 Mr Greg Polley Trustee 1.00 X 0 0 0 Rev Bob Richardson Trustee 1.00 X 0 0 0 Rev Drew Startup Trustee 1.00 X 0 0 0 Mr Wayne Angel Trustee 1.00 X 0 0 0 Rev Brian Carroll Trustee 1.00 X 0 0 0 Mr Chris Cowart Trustee 1.00 X 0 0 0 Mr Randall Farrell Trustee 1.00 X 0 0 0 Mr Rick Ferrin Trustee 1.00 X 0 0 0 Rev Barry Peppers Trustee 1.00 X 0 0 0 Mr Lamar Pinson Trustee 1.00 X 0 0 0 Rev Jon Price Trustee 1.00 X 0 0 0 Rev Jason Britt Trustee 1.00 X 0 0 0 Mr Cliff Duren Trustee 1.00 X 0 0 0 Ms Lilianna Lewis Trustee 1.00 X 0 0 0 Rev Ben Smith Chair of Finance 1.00 X 0 0 0 Mr Randy Bo Bowen Trustee 1.00 X 0 0 0 Mr Chase Camp Trustee 1.00 X 0 0 0 Rev Mike Hardy Trustee 1.00 X 0 0 0 Rev Keith Moore Trustee 1.00 X 0 0 0 Mrs Lindsey Rainey Trustee 1.00 X 0 0 0 Dr Joe Tanner Trustee 1.00 X 0 0 0 Dr Donald Dowless President 60.00 X 195647 0 45071 Michelle Stricklin VP of Finance, CFO 60.00 X 101777 0 9843 Dr Donald Martin Provost (part year) 60.00 X 109133 0 51649 Dr Ben Bruce VP of Advancement 40.00 X 101256 0 7675 507813 0 114238 4 0 1 0 Shaw Contract Flooring Services Inc PO Box 208408 Dallas TX 75320 Turf Field Maintenance 458955 Sysco Atlanta LLC 2225 Riverdale Road College Park GA 30337 Food Service 445158 Advanced Facilities Services Inc 1165 S Post Oak Court Springfield MO 65809 Ground and Building Maintenance 348475 Clark Communications 2 Westside Drive Ashville NC 28806 Marketing Service 281464 Jenzabar PO Box 55018 Boston MA 02119 Database Service 248490 7 117373 2338769 3498218 1353410 26102 7307770 Tuition and fees 611110 26548738 26548738 Student support 611110 5726687 5726687 Academic support 611110 92169 92169 32367594 224355 224355 1800 0 1800 1800 1800 195626 264504 195626 304326 0 -39822 -39822 -39822 0 117373 56175 -56175 -56175 Insurance Proceeds 900099 2023 2023 2023 39807545 32367594 0 132181 16690342 16690342 363716 339345 24371 10274572 8023813 2109103 141656 1179999 899386 263117 17496 752765 640914 93615 18236 35671 35671 103325 103325 2254 2254 1436514 732949 702643 922 28214 11520 10135 6559 450544 450544 1154316 103259 1051057 632519 629733 2168 618 495779 494598 1181 425071 366148 58923 1168707 1005237 163470 862212 564313 297899 Repairs and Maintenance 374267 63564 310703 Bad Debt Expense 48135 48135 2379019 1639392 725656 13971 38857941 31865168 6767763 225010 3725637 5323311 12690 210964 89736 890072 174430 1218558 44970 275939 255175 64861238 32121015 32639052 32740223 15341353 15686694 1859118 1627202 949954 898860 356246 356246 57466893 57209537 1131166 954666 610614 530554 14544185 13763171 1501591 1517950 17787556 16766341 X 24277731 25703070 15401606 14740126 39679337 40443196 57466893 57209537 X 949604 46171 -231916 X 0 1 X 1 1 1 X 3503439 3469140 5906651 8046235 7307770 28233235 3503439 3469140 5906651 8046235 7307770 28233235 1090470 27142765 307666 426564 399168 231694 226155 1591247 7936 3833 250000 2023 263792 30088274 155630232 0.90210 0.88470 X Schedule A, Part II, Line 10, Explanation of Other Income: Insurance proceeds - 2017 Amount: $ 7,936. 2018 Amount: $ 3,833. 2021 Amount: $ 2,023. Debt Cancellation - 2020 Amount: $ 250,000. Schedule A, Part II: The organization is a school as described under 170(b)(1)(A)(ii) and is not required to complete a public support schedule. Schedule A, Part II is completed to verify the School can qualify under public charity status section 170(b)(1)(A)(vi) and, therefore, qualifies to use the first listed special rule for Schedule B reporting. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 319669 X X X 0 10457066 105420 195803 667600 10090689 10599448 141275 373143 656800 10457066 11027804 24041 230591 682988 10599448 13511208 543163 420277 600000 2846844 11027804 13002208 118930 933104 543034 13511208 1.00000 0 0 10000 2520127 2530127 45998320 23874890 22123430 41856 21725 20131 15845459 8224400 7621059 445476 445476 32740223 Annuities payable 9964 Refundable advances from federal government 803574 Conditional asset retirement obligation 704412 1517950 25700032 46171 75888 56175 178234 25521798 2254 14283493 14285747 39807545 24936173 75888 56175 132063 24804110 2254 14051577 14053831 38857941 Part III, Line 4: Collection items consist of artwork, artifacts, and exotic taxidermy donated to the University, which are on display in various locations on the campus. Part V, Line 4: The majority of Shorter University's endowment intends to provide scholarships to students with a small amount restricted for professorships. Part XI, Line 2d - Other Adjustments: Fundraising Event Expenses 56,175. Part XI, Line 4b - Other Adjustments: Student financial aid netted with revenue on financial statement 14,051,577. Change in value of split interest agreement 231,916. Part XII, Line 2d - Other Adjustments: Fundraising Event Expenses 56,175. Part XII, Line 4b - Other Adjustments: Student financial aid netted with revenue on financial statement 14,051,577. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The organization publicized its racially nondiscriminatory policy on the homepage of its website at all times during its tax year in a manner reasonably expected to be noticed by visitors. Schedule E, Part I, Line 6 The federal government awards the University various monies restricted for student financial aid. The monies are awarded through federal programs: Pell Grant (Pell), Federal Direct Student Loans (FDL), Federal Work Study (FWS), Federal Supplemental Educational Opportunity Grant (FSEOG), Higher Education Emergency Relief Fund (HEERF), and TEACH Grants (TEACH). President's Gala 117373 117373 3867 33056 12392 6860 117373 117373 3867 33056 12392 6860 56175 -56175 1 Scholarships 1057 14051577 HEERF Grants 1566 2638765 Part I, Line 2: Shorter University participates in the student financial assistance programs through the U.S. Department of Education. Funds are awarded and applied directly to student accounts based on the Department of Education guidelines set forth by the Title IV programs. Scholarship recipients are selected based on established merit and need-based criteria. Qualifications for scholarships vary. All scholarships are monitored by the Financial Aid Department and are applied directly to each student's account. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Dr Donald Dowless President 192875 0 0 0 2772 0 0 0 46060 0 241707 0 0 0 Dr Donald Martin Provost (part year) 103704 0 0 0 5429 0 0 0 52427 0 161560 0 0 0 Part I, Line 1a As a condition of employment, and as a convenience to the University, the President is provided a home on University grounds. The home is provided as a nontaxable benefit to the President. 13777 Financial Aid Tuition X 1 2500 Kelly Blue Book Value X Travel/Meals 28 12661 Cost X Misc 21 5676 Replacement cost X Equipment 4 5265 Appraisal 0 0 1 0 Part I, Column (b): The number of contributions represent the number of contributions received, not the number of items donated. Form 990, Part VI, Section A, line 1a The governing body delegates broad authority to an Executive Committee consisting of the Chair, the Vice Chair, and Secretary of the Board of Trustees, the Chair of the Finance and Investment Committee, and three other board of trustees members elected by the board of trustees at the annual meeting. The Executive Committee has full power and authority to act and to transact any business for and on behalf of the University and in the place of the board of trustees during the interim between meetings of the board of trustees. Form 990, Part VI, Section A, line 6 The Baptist Convention of the State of Georgia is the University's sole member. Form 990, Part VI, Section A, line 7a All trustees shall be elected by the member, including those elected to fill any vacancy on the board of trustees. Form 990, Part VI, Section A, line 7b All trustees are elected by the member and the member has the right to vote on any proposal of dissolution. Form 990, Part VI, Section B, line 11b The Form 990 is prepared by an independent CPA firm and is reviewed in detail by the VP of Finance, CFO. The reviewed Form 990 is then provided to the board of trustees prior to filing with the IRS. Form 990, Part VI, Section B, line 12c The University requires employees, the board of trustees, and officers to annually sign a conflict of interest statements disclosing any conflicts of interest. The administrative assistant to the President reviews the statements and gives any statements indicating a conflict to the President; the President discloses the conflict to the head of the board; the board or a committee determines whether an actual conflict exists. If a conflict of interest arises at a board meeting, the board member is prohibitted from voting on or discussing any matter in which they have a conflict. Form 990, Part VI, Section B, line 15 15a) The independent Compensation Committee approves the President's compensation annually. The University consults with an independent consultant and a compensation comparability study is conducted every five years. The deliberation and decision are documented in the committee minutes. 15b) Independent members of the board of trustees approve the annual budget which includes compensation for other officers. Similar 990s are reviewed and the salary approval forms are reviewed and signed by the President. These signed forms are kept in the individual's employment file. Form 990, Part VI, Section C, line 19 The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request. Form 990, Part XI, line 9: Change in value of split interest agreement -231,916. Baptist Convention of the State of Georgia 6405 Sugarloaf Parkway Duluth GA 30097 580566245 Church GA 501(c)(3) Line 1 N/A 0 Georgia Baptist Foundation Inc 6405 Sugarloaf Parkway Duluth GA 30097 586030046 Trust agency for endowments GA 501(c)(3) Line 1 Baptist Convention of the State of Georgia 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0