2025-05-15T14:21:53+00:00 2024-06-30 346565596 ERNST & YOUNG US LLP 55 IVAN ALLEN JR BOULEVARD ATLANTA GA 30308 990 2023-07-01 581561343 Spelman College Special Ventures Fund Inc SPEL 4046813643 350 SPELMAN LANE SW ATLANTA GA 30314 RHONDA L HONEGAN TREASURER 4042705077 2025-05-15 true true Vanessa Espinoza P02034351 4048748300 2025-05-15 2023 2025-03-06 01:10:19Z RHONDA L HONEGAN 350 SPELMAN LANE SW ATLANTA GA 30314 124498719 false X N/A X 1982 GA CHARITABLE AND EDUCATIONAL CORPORATION FOR THE BENEFIT OF SPELMAN COLLEGE. 6 3 0 0 503398 0 0 0 0 0 19974264 25262058 0 0 19974264 25262058 102745056 50431497 0 0 0 0 0 0 1430765 1886916 104175821 52318413 -84201557 -27056355 243289135 257295997 25000 25000 243264135 257270997 CHARITABLE AND EDUCATIONAL CORPORATION FOR THE BENEFIT OF SPELMAN COLLEGE. false false 50431497 50431497 0 SPELMAN COLLEGE SPECIAL VENTURES FUND, INC. WAS FORMED FOR THE PURPOSE OF RECEIVING, INVESTING, HOLDING, AND MANAGING FUNDS FOR THE BENEFIT OF SPELMAN COLLEGE. 50431497 true false false false false false false false true false true false false false true false true false false true false false false false false false true false true false false false false false false false false false false false false false true false false false true 0 0 0 true true false false false false false false false false false false false X 6 3 false false false false false false false true true false false true true true true true true false false false GA X DAWN ALSTON 4042705077 350 SPELMAN LANE SW ATLANTA GA 30314 Helene Gayle President 35.0 35.0 X X 0 621225 47091 Pamela Joseph Secretary 1.0 2.0 X X 0 0 0 Rhonda Honegan Treasurer 1.0 35.0 X X 0 182666 7587 Theodore R Aronson Chairperson, President 1.0 2.0 X X 0 0 0 FRANK BAKER TRUSTEE 1.0 2.0 X 0 0 0 KAREN BRAKKE TRUSTEE 1.0 35.0 X 0 108587 13710 Mary Schmidt Campbell PHD Ex Officio Trustee (THRU 6/30/2022) 0.0 0.0 X 0 37208 896 0 949686 69284 0 true true false TIFF ADVISORY SERVICES INC 170 North Radnor Chester Road STE 300 RADNOR PA 19087 INVESTMENT MANAGEMENT 606121 CAMBRIDGE ASSOCIATES LLC 125 HIGH ST BOSTON MA 022412015 INVESTMENT MANAGEMENT 122200 2 0 0 0 0 0 0 4283038 503398 3779640 0 0 120215682 99236661 20979021 0 20979020 20979020 0 0 0 0 0 25262058 0 503398 24758660 50431497 50431497 0 0 1886916 1886916 0 0 0 0 0 0 0 0 52318413 50431497 1886916 0 12437665 13456546 51134 36235 0 0 0 0 0 0 0 0 230800336 243803216 0 0 0 243289135 257295997 25000 25000 0 0 0 0 25000 25000 243264135 257270997 243264135 257270997 243289135 257295997 X -27056355 -7402203 48465420 X false true X true false X X 1 Spelman College 580566243 2 true 50431497 0 1 50431497 0 true false false false false false false false false false false false false false false true false 478772977 76601321 47727150 26066177 577035271 463398851 2379086 38732095 25737055 478772977 541318955 5194310 -59098022 24016392 463398851 382891058 31697164 149315437 22584704 541318955 391813695 3196662 7133166 19252465 382891058 0.1468 0.4077 0.4455 false true true INVESTMENT PARTNERSHIPS 243803216 F 243803216 0 X Schedule D, Part V, Line 4 Intended uses of endowment funds THE TAXPAYER IS REPORTING THE ENDOWMENT FUND ASSETS HELD BY SPELMAN COLLEGE. WHILE THE TAXPAYER MANAGES INVESTMENT FUNDS FOR THE BENEFIT OF THE COLLEGE, THE ENDOWMENT FUND ASSETS ARE OWNED BY AND REFLECTED ON THE SPELMAN COLLEGE AUDITED FINANCIAL STATEMENTS AND REPORTED ON THE COLLEGE'S FORM 990. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE COLLEGE IS RECOGNIZED AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE (THE CODE) AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3), WHEREBY ONLY UNRELATED BUSINESS INCOME, AS DEFINED BY SECTION 512(A) OF THE CODE, IS SUBJECT TO FEDERAL INCOME TAX. THE COLLEGE REVIEWS ITS TAX POSITIONS ANNUALLY AND HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS AT JUNE 30, 2024 AND 2023. Central America and the Caribbean 0 0 Investments 74836287 Europe (Including Iceland and Greenland) 0 0 Investments 6514010 0 0 0 0 0 0 81350297 0 81350297 true false true true true false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual false SPELMAN COLLEGE 350 SPELMAN LANE SW ATLANTA GA 30314 580566243 501(C)(3) 50431497 0 N/A N/A EDUCATION 1 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. SPELMAN COLLEGE SPECIAL VENTURES FUNDS, INC. ("SCSVF") IS A SUPPORTING ORGANIZATION TO SPELMAN COLLEGE. SCSVF PROVIDES ASSISTANCE TO SPELMAN COLLEGE TO SUPPORT ITS EDUCATIONAL MISSION. false true false false false false false false false Helene Gayle President 0 621225 0 0 0 0 0 33638 0 13453 0 668316 0 0 Rhonda Honegan Treasurer 0 182666 0 0 0 0 0 7587 0 0 0 190253 0 0 Mary Schmidt Campbell PHD Ex Officio Trustee (THRU 6/30/2022) 0 37208 0 0 0 0 0 896 0 0 0 38104 0 0 Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan SPELMAN COLLEGE PROVIDES CERTAIN EXECUTIVES A SUPPLEMENTAL RETIREMENT PROGRAM. THE PROGRAM IS DEFINED AS DEFERRED COMPENSATION UNDER THE IRC SECTION 457(F). THE UNVESTED ACCOUNT BALANCES ARE ASSETS OF THE ORGANIZATION AND ARE INCLUDED IN OTHER ASSETS AND THE ACCRUED EXPENSE IS INCLUDED IN PENSION LIABILITY AND OTHER IN THE ACCOMPANYING CONSOLIDATED BALANCE SHEETS. THE AMOUNTS REPORTED IN THE CURRENT YEAR'S DEFERRED COMPENSATION INCLUDES RECOGNITION OF PAST SERVICE. THE AMOUNTS ARE SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE. ANY DEFERRED CONTRIBUTIONS TO THIS PLAN WILL BE REPORTED AGAIN AS REPORTABLE COMPENSATION IN THE YEAR PAID. FOR THE TAX YEAR ENDING JUNE 30, 2024, THERE WERE NO PAYOUTS OF 457(B) OR 457(F) FORFEITURE DEFERRED COMPENSATION. Form 990, Part VI, Line 15 PROCESS FOR DETERMINING COMPENSATION SPELMAN COLLEGE SPECIAL VENTURES FUND, INC. DOES NOT COMPENSATE ANY OF ITS OFFICERS OR DIRECTORS. Form 990, Part VI, Line 11b Review of form 990 by governing body FORM 990 IS DISTRIBUTED TO THE FULL BOARD OF TRUSTEES OF SPELMAN COLLEGE SPECIAL VENTURES FUND, INC. FOR THEIR REVIEW. INDEPENDENT TAX ACCOUNTANTS WILL REVIEW THE FORM 990 WITH THE FULL BOARD OF TRUSTEES PRIOR TO FILING. THE FULL BOARD OF TRUSTEES RECEIVES A COPY OF THE FINAL FORM 990 PRIOR TO FILING. Form 990, Part VI, Line 12c Conflict of interest policy SPELMAN COLLEGE SPECIAL VENTURES FUND, INC. ("SCSVF") DOES NOT HAVE A FORMAL CONFLICT OF INTEREST, WHISTLEBLOWER, OR DOCUMENT RETENTION POLICY. SCSVF DOES NOT HAVE EMPLOYEES. SPELMAN COLLEGE EMPLOYEES RUN SCSVF. SPELMAN COLLEGE DOES HAVE A CONFLICT OF INTEREST, WHISTLEBLOWER, AND DOCUMENT RETENTION POLICY THAT WOULD APPLY TO SPELMAN COLLEGE EMPLOYEES THAT MANAGE SCSVF. Form 990, Part VI, Line 19 Required documents available to the public SPELMAN COLLEGE MAKES ITS AUDITED FINANCIAL STATEMENTS AVAILABLE ON ITS WEBSITE. THESE FINANCIAL STATEMENTS INCLUDE THE ACTIVITY OF SPELMAN COLLEGE SPECIAL VENTURES FUND, INC. SPELMAN COLLEGE DOES NOT MAKE ITS GOVERNING DOCUMENTS OR CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. HOWEVER, THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. Form 990, Part XI, Line 9 Other changes in net assets or fund balances TRANSFER OF ASSETS FROM SPELMAN COLLEGE AND INVESTMENTS IN NEW ASSETS - 48465420; SPELMAN COLLEGE 350 SPELMAN LANE SW ATLANTA GA 30314 580566243 EDUCATION GA 501(c)(3) 2 NA false false true false false false false false false false false false false false true false false false true false Spelman College B 50431497 Cost