2023-05-04T13:56:23-05:00 2022-06-30 580692043 Mauldin & Jenkins LLC 200 Galleria Pkwy SE Ste 1700 Atlanta GA 303395946 990 2021-07-01 580566116 Agnes Scott College AGNE 4044716308 141 East College Avenue Decatur GA 30030 Scott Randazza VP Finance & Admin 4044716308 2023-05-03 1 Scott Randazza XXX-XX-XXXX Mary Jo Alexander P00002534 7709558600 2023-05-03 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z Leocadia I Zak 141 East College Avenue Decatur GA 30030 145916055 0 X www.agnesscott.edu X 1889 GA Educating women to think deeply, live honorably & engage the challenges of their times. 26 26 876 317 212322 0 7980715 16884700 51712370 58515181 16328537 16948541 684279 809700 76705901 93158122 26756261 30661168 0 0 29150298 29538059 0 0 1925824 23786506 29158153 79693065 89357380 -2987164 3800742 395231473 367101519 87196807 85316429 308034666 281785090 X Founded in 1889, Agnes Scott College is an independent liberal arts college for women whose mission is to educate women to think deeply, live honorably and engage the intellectual and social challenges of their times. 0 0 30955541 30568946 Student aid encompasses direct financial aid provided by the College to facilitate its students' pursuit of a college education. 19738514 45760178 Instruction is provided by full-time faculty and part-time faculty members representing numerous academic departments. 8701136 11814404 Academic support comprises information technology services, registrar, academic advising, faculty services, library, etc. These administrative offices assist the College in its educational mission. 19467370 92222 735726 All other program services. 19467370 92222 735726 78862561 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 1 0 0 0 1 122 0 1 876 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 26 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X Lai Chan Controller 4044716308 141 East College Avenue Decatur GA 30030 Elizabeth Noe Chair 2.00 0.40 X X 0 0 0 Loucy Hay Vice Chair 2.00 0.40 X X 0 0 0 Ronald Alston Trustee 2.00 X 0 0 0 Frank Blake Trustee 2.00 X 0 0 0 Mary Bullock Trustee 2.00 X 0 0 0 Adrian Cronje Trustee 2.00 X 0 0 0 Duriya Farooqui Trustee 2.00 X 0 0 0 Lewis Galloway Trustee 2.00 X 0 0 0 Ann Glendinning Trustee 2.00 X 0 0 0 Parmeet Grover Trustee 2.00 X 0 0 0 Sarah Guthrie Trustee 2.00 X 0 0 0 Douglas Hicks Trustee 2.00 X 0 0 0 Anne Kaiser Trustee 2.00 X 0 0 0 Giselle Martin Trustee 2.00 X 0 0 0 Quinton Martin Trustee 2.00 X 0 0 0 Portia Morrison Trustee 2.00 X 0 0 0 Whitney Ott Trustee 2.00 X 0 0 0 Deborah Painter Trustee 2.00 X 0 0 0 David Ross Trustee 2.00 X 0 0 0 Kathryn Scott Trustee 2.00 X 0 0 0 Charles Shapiro Trustee 2.00 X 0 0 0 Elizabeth Shiroishi Trustee 2.00 X 0 0 0 Joanne Smith Trustee 2.00 X 0 0 0 Erica Stiff-Coopwood Trustee 2.00 X 0 0 0 Mary Crawford Taylor Trustee 2.00 X 0 0 0 Tawana Ware Trustee 2.00 X 0 0 0 Leocadia I Zak College President, ex-offi 40.00 0.40 X 281463 0 54134 Danita Knight VP for Communications and 40.00 X 159415 0 11006 Alexa Gaeta VP for Enrollment and Dean 40.00 X 146266 0 39768 Yves-Rose Porcena Vice President for Equity 40.00 X 137587 0 40056 Christine Cozzens Interim VP for Academic Affairs 40.00 X 155472 0 2150 Charles Robiaun VP for College Advancement 40.00 X 133526 0 30703 Karen Goff VP for Student Life and De 40.00 X 119176 0 19452 Kenneth England VP for Business & Finance 40.00 X 102980 0 29660 Lea Ann Hudson Secretary/Associate VP 40.00 0.40 X 109111 0 1071 Jake Schrum Interim VP for College Advancement 40.00 X 27890 0 28 Scott Randazza VP Finance & Admin 40.00 0.40 X 0 0 0 Martha Fessenden General Counsel & Title IX Coordinator 40.00 X 132734 0 3763 Gundolf Graml Associate VP for Academic 40.00 X 121203 0 24193 Rafael Ocasio Professor of Spanish 40.00 X 126137 0 10486 Rosemary Cunningham Chair of Free Enterprise 40.00 X 122585 0 13408 Lilia Harvey Professor of Chemistry 40.00 X 121215 0 10540 1996760 0 290418 15 0 1 0 Holder Construction Group LLC 3300 Riverwood Parkway Atlanta GA 30339 Building contractor 6293538 Aramark Services Inc 141 E College Ave Decatur GA 30030 Food service contractor 2814740 MaxAir Inc 814 Livingston Court Marietta GA 30067 HVAC/Mechanical Maintenance 601044 RUFFALO NOEL LEVITZ LLC P O BOX 718 Des Moines IA 50303 Student Search Consultant 368318 Brightview Landscape Services PO BOX 740655 Atlanta GA 30374 Landscape Contractor 314842 21 11232 4345205 12528263 1154568 16884700 Tuition & Fee Income 611600 45760178 45760178 Auxiliary Enterprises 611710 12019277 11814404 204873 Research grants/Colleg 611710 735726 735726 58515181 7341439 7449 7333990 412840 388783 24057 24057 24057 61522850 428715 52307163 37300 9215687 391415 9607102 9607102 2808 11232 24687 -21879 -21879 Student Health Insurance 900099 587036 587036 Miscellaneous Income 900099 164644 164644 Vending & Parking Services Fees 900099 55842 55842 807522 93158122 58310308 212322 17750792 92222 92222 30568946 30568946 1256729 471745 628620 156364 20866263 17837037 1972318 1056908 957936 813008 104365 40563 4855287 3234195 1426629 194463 1601844 1324561 187924 89359 41840 32126 9714 106500 106500 945518 945518 6879616 5945695 842115 91806 112213 112213 1178512 1016344 93074 69094 1378776 1191605 168772 18399 975104 766988 208116 1852264 1826887 23646 1731 1126694 930147 143663 52884 1516368 1385238 131130 5310750 4828441 482309 655857 655857 Food Service 2899587 2505962 354931 38694 Equipment Purchases 2072029 1874882 83761 113386 Student Insurance 809818 809818 Student Awards/Prizes 642730 640557 2173 653977 653944 33 89357380 78862561 8568995 1925824 12268338 18997700 8707450 7984968 2552492 1294578 627048 922251 217294354 110329980 110967248 106964374 176856684 137091994 74328232 79684248 8923981 14161406 395231473 367101519 11484801 16257994 1560728 1503218 57040334 55217403 766897 0 16344047 12337814 87196807 85316429 X 69444311 70399435 238590355 211385655 308034666 281785090 395231473 367101519 X 3800742 -34408674 4358356 X X 0 1 X 1 1 1 X 8128130 15517439 22747169 7980715 16884700 71258153 8128130 15517439 22747169 7980715 16884700 71258153 8021281 63236872 4370658 4961134 6068368 6603846 7754279 29758285 690584 813799 758974 477223 807522 3548102 104564540 259872935 0.60480 0.61190 X Schedule A, Part II, Line 10, Explanation of Other Income: Misc - 2018 Amount: $ 100,428. 2019 Amount: $ 55,756. 2020 Amount: $ 76,115. 2021 Amount: $ 164,644. Student Health Insurance - 2017 Amount: $ 646,189. 2018 Amount: $ 666,192. 2019 Amount: $ 662,600. 2020 Amount: $ 397,408. 2021 Amount: $ 587,036. Vending Parking Services Fees - 2017 Amount: $ 44,395. 2018 Amount: $ 47,179. 2019 Amount: $ 40,618. 2020 Amount: $ 3,700. 2021 Amount: $ 55,842. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 247192299 5388329 -18218172 15813502 218548954 204799430 2830011 56300978 16738120 247192299 217142446 4109550 4102121 20554687 204799430 229425820 4880121 4886520 22050015 217142446 229886873 3739246 16985076 21185375 229425820 0.10120 0.43560 0.46320 0 0 1511889 1511889 198806359 98558816 100247543 16976106 11771164 5204942 106964374 Commingled Funds 35757869 F Real Estate Partnerships 6391763 F Hedge Funds 190660 F Real Asset Funds 8346169 F Private Equity 23410844 F Split Interest Agreements 5586943 F 79684248 Accrued Post Retirement Benefit 11726640 Annuity Obligations 611174 12337814 X 58393219 -34408674 100000 75819 -34232855 92626074 945518 -413470 532048 93158122 60434922 100000 1336195 1436195 58998727 945518 29413135 30358653 89357380 Part III, Line 1a: All other contributions of assets other than cash, including contributions of art, historical treasures, and similar assets held as part of a collection, are not recognized as revenue or capitalized. Part III, Line 4: The College's collection consists of art objects that cover a broad range of history, media, and attitudes. It is held for public exhibition, preservation for future generations, scholarly research, and educational purposes. Contributed collection items are not reflected on the consolidated financial statements. Proceeds from deaccessions or insurance recoveries are reflected as increases in the appropriate net asset classes. Donations of artwork are accepted with consideration to how they will benefit the campus learning environment. The collection items are subject to a policy that requires proceeds from their sales to be used for the acquisition of new collection item(s). During the fiscal years ending June 30, 2022 and 2021, no sales of collection items occurred and no collection items were given away, damaged, destroyed, lost, or otherwise deaccessed. The permanent collection contributes to Agnes Scott's mission to educate women to think deeply, live honorably and engage the intellectual and social challenges of their times. We pursue this goal through educational programming, exhibition, research, and leadership development. On exhibition throughout campus, permanent collection artworks enrich the aesthetic and intellectual experience of the Agnes Scott community as well as the visiting public. Part V, Line 4: Endowment Funds are used to support the general operations of the College, to provide scholarships to the students and for the furtherance of academic programs. Part X, Line 2: The College is recognized by the Internal Revenue Service as an organization exempt from federal income tax under Section 501(a) of the Internal Revenue Code as an organization described in Section 501(c)(3), except for taxes on income from activities unrelated to its exempt purpose. The College evaluates its uncertain tax positions using the provisions of Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 740 Income Taxes. The College follows the criterion that an individual tax position has to meet the relevant technical requirements for the position to be recognized in the College's consolidated financial statements. The College determined that the relevant tax authority would more likely than not sustain the tax position following an audit. The College has applied this criterion to all tax positions for which the statute of limitations remains open. The College has a policy to record interest and penalties (if any) related to income tax matters in income tax expense. The College has determined that its tax positions satisfy the more likely than not criterion and that no provision for income taxes is required at June 30, 2022 and 2021. For the years ended June 30, 2022 and 2021, no interest and penalties were recorded. Part XI, Line 2d - Other Adjustments: Reclass Student Aid -29,413,135. Change in value of split interest agreement -233,803. Sale of Avery Properties 28,455,466. Avery Properties Rental Income 1,267,291. Part XI, Line 4b - Other Adjustments: Rental expenses -388,783. Event expenses -24,687. Part XII, Line 2d - Other Adjustments: Avery Property Expense 656,123. Fundraising Event Expense 24,687. Avery Property Depreciation 266,602. Reclass of Rent Expense to Revenue 388,783. Part XII, Line 4b - Other Adjustments: Student Aid Treated as Contra-Revenue 29,413,135. PART III, LINE 1A: Contributed collection items are not reflected on the financial statements. Proceeds from the deaccessions or insurance recoveries are reflected as increases in the appropriate net asset classes. Donations of artwork are accepted with consideration to how they will benefit the campus learning environment. The collection items are subject to a policy that requires proceeds from their sales to be used for the acquisition of new collection item(s). During the fiscal years ending June 30, 2022 and June 30, 2021, no sales of collection items occurred and no collection items were given away, damaged, destroyed, lost or otherwise deaccessed. PART III, LINE 4: The Agnes Scott college permanent collection is a living, eclectic gathering of artwork that encompasses a broad range of history, media and attitudes. Complementing the permanent collection is the dynamic programming of the Dalton gallery, which organizes temporary exhibitions designed to promote an understanding of the arts. It is located at the heart of the Dana fine arts building, a structure built in 1965 and designed by John Portman, which houses the art history and studio art department. It also houses the theatre department. In support of the mission of the college, the focus of new acquisitions is largely but not exclusively works by women artists on paper. Artwork is selected and donations accepted with consideration to how they will benefit the campus learning environment. The collection is actively used within the arts curriculum and across disciplines. The art department offers three undergraduate majors, including studio art and art history, to students. In addition, students write visual analyses of works and five tours to the public. Informative wall text is researched and written by students under the guidance of faculty. Works by Agnes Scott students are embraced into the overall display, including a vibrant body of self-portrait woodblock prints that are sited in dorms and public buildings. Furthermore, along with a student show, the gallery presents two exhibits a year which include a roster of local, national, and international professional artists and are organized around an inclusive theme that engages contemporary issues, focusing not only on the world of art but also on the larger global conversation. Having such a dynamic teaching collection borne from a mission of education enriches the learning environment and connects the viewer in a timeless dialogue. PART V, LINE 4: Endowment funds are used to support the general operations of the college, to provide scholarships to the students and for the furtherance of academic programs. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Our nondiscriminatory policy is made known to the general community through our catalogs, brochures, admissions applications and on our website. Schedule E, Part I, Line 6 Agnes Scott College is the recipient of the following federal aid programs: Pell grants, supplemental education opportunity grants, federal work study grants, national institute of health research grants and national science foundation research grants. 1 Ballykeel Inc 141 East College Avenue Decatur GA 30030 582338224 501(c)(3) 92222 0 Agnes Scott solely transfers to Ballykeel the funds to pay the annual lease payment for 1 0 Student Scholarships 63 1133414 Book Value Tuition Scholarships Regular Grants 1007 27552119 Book Value Tuition Grants RTC and SEOG Grants 902 1813167 Book Value Study Abroad Grants Work Study 116 70246 Book Value Work Study Grants Part I, Line 2: To ensure that the grants made to individuals in the United States, other than work study grants, are used for proper purposes and are not otherwise diverted from the intended use, the faculty department that has budgetary control of the funds selects and monitors the recipients of these grants. For work study grants, the faculty or administrative department where the student's work was performed approves all student work hours and submits paperwork to the payroll office for payment to the student. PART II, LINE 1, COLUMN (H): Name of organization or government: Ballykeel, Inc. (H) purpose of grant or assistance: Agnes Scott solely transfers to Ballykeel the funds to pay the annual lease payment for property held by Ballykeel, a supporting organization of Agnes Scott. The amount is determined pursuant to a review of the lease terms. X 1 1 X X 0 0 0 0 0 0 0 0 0 Leocadia I Zak College President, ex-offi 281463 0 0 0 0 0 2713 0 51421 0 335597 0 0 0 Alexa Gaeta VP for Enrollment and Dean 146266 0 0 0 0 0 1485 0 38283 0 186034 0 0 0 Yves-Rose Porcena Vice President for Equity 137587 0 0 0 0 0 1444 0 38612 0 177643 0 0 0 Danita Knight VP for Communications and 159415 0 0 0 0 0 1471 0 9535 0 170421 0 0 0 Charles Robiaun VP for College Advancement 133526 0 0 0 0 0 696 0 30007 0 164229 0 0 0 Christine Cozzens Interim VP for Academic Affairs 155472 0 0 0 0 0 1463 0 687 0 157622 0 0 0 Part I, Line 1A The College provides a residence for personal use to the President and five of the other officers. The housing is excluded from taxable income under IRS code section 119 and included in column D in Sch J, Part II. A Universities Authorities 2019A 581407780 74265LQ27 2019-05-22 37640438 To refund prior issues 07/09/2009 and 05/14/15 0 0 0 B Private Colleges and Universities Authority 581407780 74265LV62 2021-05-06 23491613 To refund prior issues 5/14/2015 and 5/22/2019 0 0 0 A 4325000 37640438 573155 1 0 1 1 B 23021781 469832 23021781 2021 1 0 1 1 A 0 0 0 0 1 0 0 B 0 0 0 0 1 0 0 A 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 1 A 1 B 1 Holder Construction Group LLC Trustee is > 35% owner 774455 Building Renovation project 0 Sch L, Part IV, Business Transactions Involving Interested Persons: (a) Name of person: Elizabeth Holder(d) Description of transaction: building construction services X 21 751339 Fair Market Value X 1 370000 Appraisal X Supplies 2 33229 FMV 0 0 1 1 Part I, Column (b): Number of contributors. Part I, Line 32b: The College uses third parties to sell and process noncash contributions that are securities, real estate, or vehicles. For securities, the College's brokerage to sell on day of receipt at fair market value. Form 990, Part VI, Section B, line 11b The Vice President of Finance & Administration performs a detailed review of the Form 990 before filing the return. The President of the College and the Board of Trustees will receive a copy of this return for review before filing. The other Members of the Board will receive a copy of the form 990 prior to filing. Form 990, Part VI, Section B, line 12c On a yearly basis, every College Officer and each Member of the College's Board of Trustees is required to sign the policy and disclose whether they have any conflicts. The Secretary of the Board of Trustees oversees the receipt of these policies and reports to the Chairman of the Board of Trustees if any conflict is noted. Form 990, Part VI, Section B, line 15 The compensation of the President of the College is reviewed and approved by the Board of Trustees. For its review and discussion, the Board uses comparable compensation information. Contemporaneous documentation of its discussions is recorded in the minutes of the Board of Trustees. The compensation for all other certain executive employees is negotiated by the President of the College and People and Culture department. Form 990, Part VI, Section C, line 18 The College makes its annual audited financial statements available to the public upon request and approval of the V.P. for Finance & Administration. Form 990, Part VI, Section C, line 19 The College does not make its governing documents and conflict of interest policy available to public inspection. Form 990, Part XI, line 9: Postretirement benefit related changes other than net periodic pension cost 4,592,159. Change in Value of Split Interest Agreement -233,803. Part XII Line 2c The selection process for auditors has not changed. Avery Properties Inc 141 E College Ave Decatur GA 30030 582328397 Real Estate GA 501(c)(3) LINE 11B , II Agnes Scott College 1 Ballykeel Inc 141 E College Ave Decatur GA 30030 582338224 Holding Co GA 501(c)(3) LINE 11B , II Agnes Scott College 1 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 Ballykeel Inc B 92222 Cash Contributed Avery Properties Inc K 1047414 Lease Payments