2025-05-12T16:20:18-05:00 2024-06-30 580692043 Mauldin & Jenkins LLC 200 Galleria Pkwy SE Ste 1700 Atlanta GA 303395946 990 2023-07-01 580566116 Agnes Scott College AGNE 4044716308 141 East College Avenue Decatur GA 30030 Nicole Long VP Finance & Admin 4044716308 2025-05-09 1 1 Mary Jo Alexander P00002534 7709558600 2025-05-09 2023 2025-03-06 01:10:19Z Leocadia I Zak 141 East College Avenue Decatur GA 30030 164599038 0 X www.agnesscott.edu X 1889 GA Educating women to think deeply, live honorably & engage the challenges of their times. 25 25 820 212 1917623 0 30115299 12522393 58792869 60418496 8279533 8080400 459987 633549 97647688 81654838 28252696 27811906 0 0 30062239 27080285 0 0 2130294 34507781 37064003 92822716 91956194 4824972 -10301356 378470931 382683319 79184232 79720184 299286699 302963135 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 27718293 27718292 Student aid encompasses direct financial aid provided by the College to facilitate its students' pursuit of a college education. 22925264 47654933 Instruction is provided by full-time faculty and part-time faculty members representing numerous academic departments. 9826026 11146312 Academic support comprises information technology services, registrar, academic advising, faculty services, library, etc. These administrative offices assist the College in its educational mission. 21953970 93614 1369833 All other program services. 21953970 93614 1369833 82423553 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 0 0 0 1 0 0 0 0 1 1 1 0 0 1 190 0 1 820 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 25 25 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 Hardy Noe Chair 2.00 0.40 X X 0 0 0 Loucy Tittle Hay Vice Chair 2.00 0.40 X X 0 0 0 Bradie C Barr Trustee 2.00 X 0 0 0 Duriya M Farrooqui Trustee 2.00 X 0 0 0 Francis Frank S Blake Trustee 2.00 X 0 0 0 Ellen Parker Gaffney Trustee 2.00 X 0 0 0 Tapaswee Chandele Trustee 2.00 X 0 0 0 Lewis F Galloway Trustee 2.00 X 0 0 0 Tara Hogan Charles Trustee 2.00 X 0 0 0 Sandra Gordon Trustee 2.00 X 0 0 0 Parmeet Grover Trustee 2.00 X 0 0 0 Adrian J Cronie Trustee 2.00 X 0 0 0 Ronald A Crutcher Trustee 2.00 X 0 0 0 Quinton R Martin Trustee 2.00 X 0 0 0 Katie Fahs Trustee 2.00 X 0 0 0 Whitney Miller Ott Trustee 2.00 X 0 0 0 Elizabeth A Stephenson Trustee 2.00 X 0 0 0 Deborah Harris Painter Trustee 2.00 X 0 0 0 Erica Stiff-Coopwood Trustee 2.00 X 0 0 0 Kathryn M Scott Trustee 2.00 X 0 0 0 Mary-Crawford Taylor Trustee 2.00 X 0 0 0 G Oliver Wagner V Trustee 2.00 X 0 0 0 Elizabeth Adcock Shiroishi Trustee 2.00 X 0 0 0 Tawana Lee Ware Trustee 2.00 X 0 0 0 Joanne D Smith Trustee 2.00 X 0 0 0 Leocadia I Zak College President 40.00 0.40 X 325937 0 70688 Rachel Bowser Vice President for Academic Affairs 40.00 X 176518 0 16438 Jake Schrum Interim VP College Advancement 40.00 X 168386 0 0 Alexa Gaeta VP for Enrollment 40.00 X 166470 0 51909 Chicora Martin VP for Student Affairs 40.00 X 164313 0 31032 Yves-Rose Porcena Vice President for Equity 40.00 X 161243 0 52204 Nicole Long VP Finance & Admin 40.00 0.40 X 136358 0 24513 Martha Fessenden Interim VP Student Affairs 40.00 X 124383 0 10370 Lea Ann Hudson Secretary/Associate VP 40.00 0.40 X 121639 0 27518 Christine Cozzens VP for Academic Affairs 40.00 X 86042 0 5464 Doug Fantz Assoc VP Academic Affairs 40.00 X 137308 0 21569 Thomas Will Associate Professor 40.00 X 136587 0 32913 Julia Knowlton Director 40.00 X 118559 0 18105 Kelly Ball Assoc VP Graduate Studies 40.00 X 118559 0 18208 Henry Hope Director of Public Safety 40.00 X 116413 0 10004 2258715 0 390935 14 0 1 0 Aramark Services Inc 141 E College Ave Decatur GA 30030 Food service/ Facility contractor 6967887 Holder Construction Company 3300 Riverwood Parkway Atlanta GA 30339 General Contractor 4570763 IP4 Avery Glen LLC 12 Piedmont Center NE Suite 100 Atlanta GA 30305 Rental 1890706 Collegis Education 1415 W 22nd Street Oak Brook IL 60523 Information Technology 1241625 MaxAir Inc 814 Livingston Court Marietta GA 30067 HVAC/Mechanical Maintenance 622203 11 6560312 5962081 248992 12522393 Tuition & Fee Income 611600 47654933 47654933 Auxiliary Enterprises 611710 11393730 11146312 247418 Research grants/Colleg 611710 1369833 1369833 60418496 6466056 1670205 4795851 327617 335111 -7494 -7494 -7494 84223433 82609089 1614344 1614344 1614344 Student Health Insurance 900099 333913 333913 Rebates, Alumni Events, Other Mis 900099 249690 249690 Vending & Parking Services Fees 900099 57440 57440 641043 81654838 60171078 1917623 7043744 93614 93614 27718292 27718292 1385266 593342 623538 168386 18767844 16518737 1187066 1062041 692674 584698 107976 4581967 3373678 896591 311698 1652534 1314545 249636 88353 14994 2484 12510 100000 100000 887973 887973 9194322 8191070 857282 145970 249966 247628 2338 2100008 1956812 38841 104355 1378777 1087748 273857 17172 1442867 1323826 119041 2055340 1891583 42219 121538 1043476 822395 212117 8964 1449040 1329489 119551 5014866 4601123 413743 937575 2017 935558 Maintenance 5422257 5139714 282543 Food Service 3216657 3214440 2217 Equipment Purchases 1923189 1783622 39967 99600 Student Insurance 335036 335036 297660 297660 91956194 82423553 7402347 2130294 22881755 8083790 9137124 5432356 672810 1008222 1171989 1092044 237917439 120103369 103626153 117814070 147127394 157932182 81882010 86046177 11971696 5274478 378470931 382683319 14531693 15325980 1603325 2253099 53331341 51405293 9717873 10735812 79184232 79720184 X 71983371 82430508 227303328 220532627 299286699 302963135 378470931 382683319 X -10301356 15746427 -1768635 X X 0 1 X 1 1 1 X 22747169 7980715 16884700 30115299 12522393 90250276 22747169 7980715 16884700 30115299 12522393 90250276 11301007 78949269 6068368 6603846 7754279 7109455 6793673 34329621 758974 477223 807522 622901 641043 3307663 127887560 280796329 0.61730 0.65290 X Schedule A, Part II, Line 10, Explanation of Other Income: Rebates Alumni Events Other Miscell - 2019 Amount: $ 55,756. 2020 Amount: $ 76,115. 2021 Amount: $ 164,644. 2022 Amount: $ 37,854. 2023 Amount: $ 249,690. Student Health Insurance - 2019 Amount: $ 662,600. 2020 Amount: $ 397,408. 2021 Amount: $ 587,036. 2022 Amount: $ 520,867. 2023 Amount: $ 333,913. Vending Parking Services Fees - 2019 Amount: $ 40,618. 2020 Amount: $ 3,700. 2021 Amount: $ 55,842. 2022 Amount: $ 64,180. 2023 Amount: $ 57,440. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 227301028 1011784 22127388 13545287 236894913 218548954 7810920 16768837 15827683 227301028 247192299 5388329 -18218172 15813502 218548954 204799430 2830011 56300978 16738120 247192299 217142446 4109550 4102121 20554687 204799430 0.08459 0.43738 0.47803 0 0 1881889 1881889 219233447 107594954 111638493 16802103 12508415 4293688 117814070 Commingled Funds 43506733 F Real Estate Partnerships 4888470 F Hedge Funds 133839 F Real Asset Funds 6011331 F Private Equity 26263701 F Split Interest Agreements 5242103 F 86046177 Accrued Post Retirement Benefit 10277991 Annuity Obligations 457821 10735812 X 64642065 15746427 107554 -25753580 -9899599 74541664 887973 6225201 7113174 81654838 63936692 107554 479210 586764 63349928 887973 27718293 28606266 91956194 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 ended June 30, 2024 and 2023, 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, 2024 and 2023. For the years ended June 30, 2024 and 2023, no interest and penalties were recorded. Part XI, Line 2d - Other Adjustments: Reclass Student Aid -27,718,293. Change in value of split interest agreement 15,036. Avery Properties investment income 1,949,677. Part XI, Line 4b - Other Adjustments: Rental expenses -335,111. Transfer from Avery Properties 6,560,312. Part XII, Line 2d - Other Adjustments: Avery Property Expense 144,099. Reclass of Rent Expense to Revenue 335,111. Part XII, Line 4b - Other Adjustments: Student Aid Treated as Contra-Revenue 27,718,293. 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, 2024 and June 30, 2023, 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) 93614 0 Agnes Scott solely transfers to Ballykeel the funds to pay the annual lease payment for 1 0 Student Scholarships 207 1745548 Regular Grants 918 21628933 RTC and SEOG Grants 379 4272584 Work Study 106 71227 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 325937 0 0 0 0 0 17875 0 52813 0 396625 0 0 0 Alexa Gaeta VP for Enrollment 166470 0 0 0 0 0 10475 0 41434 0 218379 0 0 0 Yves-Rose Porcena Vice President for Equity 161243 0 0 0 0 0 10198 0 42006 0 213447 0 0 0 Chicora Martin VP for Student Affairs 164313 0 0 0 0 0 1743 0 29289 0 195345 0 0 0 Rachel Bowser Vice President for Academic Affairs 176518 0 0 0 0 0 5355 0 11083 0 192956 0 0 0 Thomas Will Associate Professor 136587 0 0 0 0 0 6642 0 26271 0 169500 0 0 0 Jake Schrum Interim VP College Advancement 168386 0 0 0 0 0 0 0 0 0 168386 0 0 0 Nicole Long VP Finance & Admin 136358 0 0 0 0 0 0 0 24513 0 160871 0 0 0 Doug Fantz Assoc VP Academic Affairs 137308 0 0 0 0 0 8270 0 13299 0 158877 0 0 0 Part I, Line 1a The College provides a residence for personal and professional use to the President and three 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 5785000 37640438 573155 37067283 2019 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 X 1 1000 Appraisal X 14 215930 FMV X Supplies 1 32063 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 -1,783,671. Change in Value of Split Interest Agreement 15,036. 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 0 0 0 0 0 0 0 0 0 Ballykeel Inc B 93614 Cash Contributed Avery Properties Inc C 6560312 Cash Contributed