2022-03-07T11:03:11-06:00 2021-06-30 581673613 BENNETT THRASHER LLP 3300 RIVERWOOD PARKWAY 700 ATLANTA GA 30339 990 2020-07-01 580568698 OGLETHORPE UNIVERSITY INC OGLE 4042611441 4484 PEACHTREE ROAD NE ATLANTA GA 30319 PETER D STOBIE VP FOR BUSINESS AND FINANCE 4043648322 2022-02-25 1 PETER STOBIE XXX-XX-XXXX JENNINGS P PITTS P00747119 7703962200 2022-02-25 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z DR NICHOLAS LADANY 4484 PEACHTREE ROAD NE ATLANTA GA 30319 125351904 0 X WWW.OGLETHORPE.EDU X 1835 GA INSTITUTION OF HIGHER EDUCATION 42 41 512 200 0 0 4312146 7012512 59329333 59194815 135483 6890873 75295 5702441 63852257 78800641 31302983 34748866 0 0 15632092 16808380 0 0 1439050 16025021 15772084 62960096 67329330 892161 11471311 121780762 134446425 18001134 15657495 103779628 118788930 X OGLETHORPE UNIVERSITY PROVIDES A SUPERIOR EDUCATION IN WHICH LIBERAL ARTS AND SCIENCES AND PROFESSIONAL PROGRAMS COMPLEMENT EACH OTHER IN A SMALL-COLLEGE ENVIRONMENT WITHIN A DYNAMIC URBAN SETTING. OGLETHORPE'S PROGRAMS EMPHASIZE INTELLECTUAL CURIOSITY, CLOSE COLLABORATION AMONG FACULTY AND STUDENTS, AND ENGAGED LEARNING IN RELEVANT FIELD EXPERIENCES. OGLETHORPE EDUCATES STUDENTS TO BE CITIZENS IN GLOBAL WORLD, READIES THEM FOR RESPONSIBLE LEADERSHIP, AND EMPOWERS THEM TO PURSUE MEANINGFUL LIVES AND PRODUCTIVE CAREERS. 0 0 46049312 34748866 55034495 INSTRUCTION - THE COST OF OFFERING THE ACADEMIC PROGRAMS. 10669886 9279605 STUDENT SERVICES - THE COSTS OF EXTRACURRICULAR AND STUDENT-ORIENTED SERVICES AND PROGRAMS DESIGNED TO ENHANCE THE LEARNING ENVIRONMENT. DUE TO COVID, PART OF THE FUNDING CAME FROM EMPLOYEE RETENTION CREDITS AND PPP LOAN FORGIVENESS, $3,007,645 AND $2,685,700 RESPECTIVELY. 1607857 574060 AUXILIARY SERVICES, THE COSTS OF ACTIVITIES ASSOCIATED WITH THE SUPPORT OF THE CAMPUS AND RESIDENTIAL COMMUNITY. 58327055 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 43 0 1 512 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 42 41 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 GA X PETER D STOBIE VP FOR BUSINESS AND FINANCE 4043648322 4484 PEACHTREE ROAD NE ATLANTA GA 30319 DR NICHOLAS LADANY PRESIDENT/EX-OFFICIO 60.00 X 168451 0 9957 DR LAWRENCE M SCHALL FORMER PRESIDENT/EX-OFFICIO 60.00 X 460791 0 28182 MR RICHARD BAKARE TRUSTEE 1.00 X 0 0 0 MRS JOSEYLN BUTLER BAKER TRUSTEE 1.00 X 0 0 0 MS VIRGINIA BENNETT TRUSTEE 1.00 X 0 0 0 MR CAMERON M BREADY VICE CHAIR 2.00 X X 0 0 0 MR RICARDO C CARVALHO TRUSTEE 1.00 X 0 0 0 MR L THOMAS CLEMENTS TRUSTEE 1.00 X 0 0 0 MS MARIYA NIKOLAEVA DAVIS TRUSTEE 1.00 X 0 0 0 MR DENIS J DUNCAN TRUSTEE 1.00 X 0 0 0 MR KEVIN D FITZPATRICK JR TRUSTEE 1.00 X 0 0 0 MR D AUSTIN GILLIS TRUSTEE 1.00 X 0 0 0 MRS DIANNE GLENNIE TRUSTEE 1.00 X 0 0 0 MR JACK GUYNN TRUSTEE 1.00 X 0 0 0 MR JAMES V HARTLAGE JR TRUSTEE 1.00 X 0 0 0 MR H THEODORE HEINTZ JR TRUSTEE 1.00 X 0 0 0 MR J CLEVELAND HILL TRUSTEE 1.00 X 0 0 0 MS MEREDETH LACKEY TRUSTEE 1.00 X 0 0 0 MR JOE LAWRENCE TRUSTEE 1.00 X 0 0 0 MR DAVID M LEONARD TRUSTEE 1.00 X 0 0 0 MR JAMES W LEWIS TRUSTEE 1.00 X 0 0 0 MR JOSEPH LUKE TRUSTEE 1.00 X 0 0 0 MR J RUSSELL MAGBEE JR TRUSTEE 1.00 X 0 0 0 MR MILFORD MCGUIRT TRUSTEE 1.00 X 0 0 0 MR TIMOTHY MURPHY JR TRUSTEE 1.00 X 0 0 0 MR CEMAL OZGORKEY TRUSTEE 1.00 X 0 0 0 MR CODY L PARTIN TRUSTEE 1.00 X 0 0 0 MR DAVID R PASS TRUSTEE 1.00 X 0 0 0 MS ANITA PATTERSON TRUSTEE 1.00 X 0 0 0 MS S TAMMY PEARSON SECRETARY 2.00 X X 0 0 0 MR MOHIT RAMANI TRUSTEE 1.00 X 0 0 0 MR ROBERT E REISER TREASURER 2.00 X X 0 0 0 MR TIMOTHY ROBERSON TRUSTEE 1.00 X 0 0 0 MR CLIFFORD ROBINSON TRUSTEE 1.00 X 0 0 0 MR BRIAN C SASS TRUSTEE 1.00 X 0 0 0 MR JOHN SHELNUTT TRUSTEE 1.00 X 0 0 0 MR JOSEPH P SHELTON TRUSTEE 1.00 X 0 0 0 DR WILLIAM O SHROPSHIRE TRUSTEE 1.00 X 0 0 0 MR CHAD A SMITH TRUSTEE 1.00 X 0 0 0 MR MIKE SUCO TRUSTEE 1.00 X 0 0 0 MR TIMOTHY P TASSOPOULOS CHAIR 2.00 X X 0 0 0 MR NEIL TOFSKY TRUSTEE 1.00 X 0 0 0 MR JAMES WINESTOCK TRUSTEE 1.00 X 0 0 0 MR PETE STOBIE VP FOR BUSINESS AND FINANC 40.00 X 183048 0 28034 DR GLENN SHARFMAN PROVOST AND VP ACADEMIC AF 40.00 X 188726 0 29934 DR JOHN NARDO PROFESSOR MATHEMATICS 40.00 X 129875 0 16846 MS TANYA THOMPSON DIRECTOR IT SERVICES & CHIEF INFORMATION OFFICER 40.00 X 128930 0 9381 DR MICHAEL RULISON PROFESSOR PHYSICS 40.00 X 119974 0 17670 MR J TODD BENNETT FORMER ASSOC VP MARKETING & COMMUNICATION 40.00 X 134531 0 8847 DR MICHELLE HALL FORMER VP FOR CAMPUS LIFE 40.00 X 149210 0 7900 1663536 0 156751 9 1 1 0 SHERIDAN CONSTRUCTION PO BOX 4441 MACON GA 31208 CONSTRUCTION SERVICES 2173426 ARAMARK SERVICES PO BOX 978839 DALLAS TX 75397 FOOD SERVICE VENDOR 1698151 NATIONAL MANAGEMENT RESOURCES 113 COROPORATE EAST DR BOX 1124 LAGRANGE GA 30141 FACILITIES MANAGEMENT 1484490 G4S SECURE SOLUTIONS PO BOX 277469 ATLANTA GA 30384 CAMPUS SAFETY 419821 JOHNSON CONTROLS INC PO BOX 730068 DALLAS TX 75373 HVAC CONTROL SYSTEMS 279777 19 7012512 553734 7012512 TUITION AND FEES 611310 55034495 55034495 ROOM AND BOARD 611310 3586260 3586260 AUXILIARY AND FACILITY SERVICES 611310 574060 574060 59194815 45572 45572 53390741 46545440 6845301 6845301 6845301 14919 5823 9096 9096 EMPLOYEE RETENTION CREDITS 611310 3007645 3007645 PPP LOAN FORGIVENESS 611310 2685700 2685700 5693345 78800641 64897256 0 6890873 34748866 34748866 1114088 369412 438517 306159 12870163 10424832 1994875 450456 582162 449362 101302 31498 1246235 961951 216857 67427 995732 768591 173267 53874 1510 1510 86900 86900 133930 133930 188326 188326 1553102 473782 1023364 55956 771263 771263 353614 349141 3116 1357 279897 219537 60360 4293512 3367612 925900 REPAIRS AND MAINTENANCE 3486739 2734820 751919 PROFESSIONAL & RECRUITM 1869959 658380 821364 390215 FOOD SERVICES 1309370 1305607 2320 1443 INSTRUCTIONAL MATERIALS 98380 98380 1345582 437193 827724 80665 67329330 58327055 7563225 1439050 1836709 5330747 5327839 3024369 1042681 538243 52381 47645 495483 84683 122853556 44891328 76210752 77962228 36023358 46136756 770123 264474 21436 1057280 121780762 134446425 1346157 1673423 2816320 2001798 9615255 8574063 2685700 2000000 1537702 1408211 18001134 15657495 X 77857483 88763288 25922145 30025642 103779628 118788930 121780762 134446425 11471311 3537991 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 352005 5729585 X X X X 0 0 35722360 1548227 10315243 1395820 46190010 33645036 974375 2489452 1386503 35722360 33885630 794042 350854 1385490 33645036 31724904 1002500 2535098 1376872 33885630 30301222 164195 2651297 1391810 31724904 0.42830 0.47100 0.10070 1 0 6473845 6473845 103561667 34680692 68880975 12818044 10210636 2607408 77962228 ADVANCES FROM FEDERAL GOVERNMENT 397586 EARLY RETIREMENT LIABILITIES 555056 ACCRUED VACATION LIABILITIES 214006 OTHER LIABILITIES 241563 1408211 X 47461660 3537992 5823 3543815 43917845 133930 34748866 34882796 78800641 32452357 5823 5823 32446534 133930 34748866 34882796 67329330 PART III, LINE 4: OGLETHORPE UNIVIERSITY MUSEUM OF ART (OUMA) PERMANENT COLLECTION CURRENTLY NUMBERS MORE THAN 800 WORKS OF ART SPANNING OVER SEVEN CENTURIES. THE COLLECTION BOASTS PARTICULAR STRENGTH IN TWO DIVERSE AREAS - JAPANESE PORCELAIN RANGING FROM THE LATE 17TH CENTURY TO THE EARLY 20TH CENTURY AS WELL AS WORKS ON PAPER AND PAINTINGS FROM THE VARIOUS SCHOOLS OF 19TH AND EARLY 20TH CENTURY FRANCE. NOTABLE ARTISTS IN THIS SECOND AREA OF STRENGTH INCLUDE BOUDIN, RENOIR, PISSARRO, LUCE, SOMM, HUET, GUYS, MAUFRA, DELACROIX, COURBET, AND MATISSE. THE COLLECTION OF NOTABLE AMERICAN ARTISTS INCLUDES WORKS OF ART BY CORNOYER, SAUSSY, WEBB, O'KELLY, AND AUDUBON. THE COLLECTION REFLECTS THE DIVERSITY OF THE CAMPUS AND OU'S COMMITMENT TO THE SAME WITH THE ADDITION OF WORKS OF ART BY BEARDEN, GAY, AND TOLLIVER. THE COLLECTIONS ARE MAINTAINED FOR ACADEMIC RESEARCH AS WELL AS PUBLIC EXHIBITION AND EDUCATION IN FUTHERANCE OF SUPPORT OF THE LIBERAL ARTS MANDATE OF THE UNIVERSITY, COMMUNITY OUTREACH, AND PUBLIC SERVICE. THE WORKS OF ART IN THE PERMANENT COLLECTION HAVE BECOME PART OF OGLETHORPE UNIVERSITY'S ENDOWMENT. AS SUCH THEY ARE A SIGNIFICANT INVESTMENT, CULTURAL ASSET, AND ALSO SUPPORT THE CURRICULAR GOALS OF THE UNIVERSITY. GOALS OF ACADEMIC SUPPORT ARE FURTHER MET THROUGH THE SKYLIGHT STUDY CENTER. OUMA OFFERS GALLERY ASSISTANT INTERNSHIPS, INDEPENDENT STUDY, AND WORK STUDY OPPORTUNITIES FOR STUDENTS AND ACTIVELY SUPPORTS STUDENT NETWORKING IN THE MUSEUM FIELD. OUMA STAFF COLLABORATIVELY PLAN WITH OU FACULTY TO ALLOW FOR DIRECT COURSE AND EXHIBITION DEVELOPMENT, GIVING STUDENTS AN IMMERSIVE EXPERIENCE WHICH IS BOTH SCHOLARLY AND PRACTICAL. OUMA IS A RARE ASSET ON CAMPUS, HELPING THE UNIVERSITY IN FULFULLING ITS GOAL TO PROVIDE A SUPERIOR LIBERAL ARTS EDUCATION. PART V, LINE 4: OGLETHORPE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROIMATELY 136 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. PART X, LINE 2: THE UNIVERSITY QUALIFIES AS A TAX-EXEMPT ORGANIZATION AS DESCRIBED IN INTERNAL REVENUE CODE SECTION 501(C)(3) AND HAS BEEN CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE UNIVERSITY. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE UNIVERSITY'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN THE OPINION OF MANAGEMENT, THE UNIVERSITY HAD NO SIGNIFICANT UNRELATED BUSINESS TAXABLE INCOME DURING 2020, 2019, AND 2018. ACCORDINGLY, NO PROVISION OR BENEFIT FOR FEDERAL AND STATE INCOME TAXES HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE UNIVERISTY BELIEVES THAT IS HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 5,823. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF STUDENT ASSISTANCE TO FUNCTIONAL EXPENSE 34,748,866. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 5,823. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF STUDENT ASSISTANCE TO FUNCTIONAL EXPENSE 34,748,866. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 ACADEMIC SCHOLARSHIPS 1359 34748866 PART I, LINE 2: SCHOLARSHIPS GIVEN ARE A COMBINATION OF MERIT AID AND NEED-BASED AID. MERIT BASED SCHOLARSHIPS RECOGNIZE ACHIEVEMENT IN ACADEMICS AND THE POTENTIAL TO CONTRIBUTE TO CAMPUS LIFE. OVER 80% OF APPLICANTS TO THE UNIVERSITY TYPICALLY QUALIFY FOR SOME SORT OF MERIT AWARD. NEED-BASED AWARDS ARE AVAILABLE TO FULL-TIME STUDENTS WHO DEMONSTRATE NEED AS DETERMINED BY THE FAFSA OR INTERNATIONAL STUDENT AID APPLICATION. THESE AWARDS ARE GRANTED IN CONJUNCTION WITH FEDERAL, STATE, PRIVATE OR INSTITUTIONAL ASSISTANCE AND CANNOT EXCEED STUDENT'S FINANCIAL NEED. THESE AWARDS ARE DETERMINED ANNUALLY BASED ON FAFSA DATA AND THE RESULTS OF THE STUDENT AID APPLICATIONS. X 1 1 X X X X 0 1 0 0 0 0 0 0 0 DR NICHOLAS LADANY PRESIDENT/EX-OFFICIO 150451 0 0 0 18000 0 0 0 9957 0 178408 0 0 0 DR LAWRENCE M SCHALL FORMER PRESIDENT/EX-OFFICIO 173194 0 0 0 287597 0 19950 0 8232 0 488973 0 0 0 MR PETE STOBIE VP FOR BUSINESS AND FINANC 183048 0 0 0 0 0 1098 0 26936 0 211082 0 0 0 DR GLENN SHARFMAN PROVOST AND VP ACADEMIC AF 188726 0 0 0 0 0 10548 0 19386 0 218660 0 0 0 MR J TODD BENNETT FORMER ASSOC VP MARKETING & COMMUNIC 134531 0 0 0 0 0 6203 0 2644 0 143378 0 0 0 DR MICHELLE HALL FORMER VP FOR CAMPUS LIFE 149210 0 0 0 0 0 7900 0 0 0 157110 0 0 0 PART I, LINE 1A THE PRESIDENT HAS USE OF A UNIVERSITY OWNED RESIDENCE AS A CONDITION OF HIS EMPLOYMENT TO PERFORM HIS DUTIES INTEGRALLY RELATED TO HIS RESPONSIBILITIES. PART I, LINE 4B 457F PLAN: DR LAWRENCE SCHALL CONTRIBUTED $8,942 X 3 352005 APPRAISED VALUE X 6 201729 FMV 0 1 1 PART I, LINE 32B: THE ORGANIZATION USES THIRD PARTIES TO SELL NON CASH CONTRIBUTIONS SUCH AS DONATIONS OF STOCK. FORM 990 AND 990-T EFFECTS OF COVID-19 COVID-19 IS CONSIDERED A PUBLIC HEALTH EMERGENCY BY THE WORLD HEALTH ORGANIZATION. UNDER THE CARES ACT THE DEPARTMENT OF EDUCATION (DOE) DISTRIBUTED FUNDING TO ELIGIBLE INSTITUTIONS OF HIGHER EDUCATION TO SUPPORT (1) STUDENTS AFFECTED BY THE TEMPORARY CLOSING OF CAMPUS AND RELATED SUPPORT FACILITIES, (2) BOTH STUDENTS AND INSTITUTION'S REMOTE LEARNING NEEDS, AND (3) THE OPERATIONS OF THESE INSTITUTIONS. ADDITIONALLY, UNDER THE CARES ACT, THE UNIVERSITY OBTAINED A PAYROLL PROTECTION PROGRAM LOAN TO RETAIN EMPLOYEES AND MAINTAIN PAYROLL DURING THE COVID-19 PANDEMIC. SINCE THE COVID-19 PANDEMIC IS CONTINUING AND ITS DURATION IS UNKNOWN, THE ADVERSE IMPACT ON UNIVERSITY LIKEWISE MAY CONTINUE WITH AN UNKNOWN DURATION. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FORM 990 BEING FILED, A COPY IS MADE AVAILABLE TO ALL MEMBERS OF THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES, AND THE AUDIT COMMITTEE REVIEWS FORM 990, APPROVES, AND RECOMMENDS APPROVAL BY THE FULL BOARD. ALSO PRIOR TO FILING AND PRIOR TO THE FULL BOARD APPROVING THE FORM 990, A PUBLIC INSPECTION VERSION OF FORM 990 IS MADE AVAILABLE TO ALL MEMBERS OF THE BOARD OF TRUSTEES. THE NAMES AND ADDRESSES OF CONTRIBUTORS ARE OMMITTED FROM SCHEDULE B IN THE PUBLIC INSPECTION VERSION, OTHERWISE IT IS IDENTICAL TO THE FILED VERSION OF FORM 990. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS ARE ASKED TO ANNUALLY SIGN A CONFLICT OF INTEREST AGREEMENT BOARD MEMBERS ARE ASKED TO DISCLOSE ANY CONFLICTS. CONFLICTS THAT DO ARISE ARE USUALLY RESOLVED BY ASKING A BOARD MEMBER TO RECUSE FROM VOTING OR SOME OTHER ARRANGEMENT DETERMINED BY THE BOARD CHAIR. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES APPROVE THE CABINET POSITION SALARIES WHICH INCLUDES POSITIONS SUCH AS THE PRESIDENT AND VICE PRESIDENTS OF THE UNIVERSITY AND KEY EMPLOYEES. SALARIES ARE COMPARED TO INDEPENDENT DATA AT NACUBO. FORM 990, PART VI, SECTION C, LINE 19 OGLETHORPE UNIVERSITY DOES NOT MAKE ANY OF THESE DOCUMENTS PUBLIC THE FINANCIAL INFORMATION CAN BE OBTAINED THROUGH THE FORM 990. THE FORM 990 IS AVAILABLE UPON REQUEST AT OGLETHORPE UNIVERSITY. PART XII, LINE 2C THE PROCEDURE FOR SEPARATE BASIS AUDITED FINANCIAL STATEMENTS HASN'T CHANGED FROM PRIOR YEARS.