2022-05-12T09:42:53-05:00 2021-06-30 135565207 KPMG LLP 500 W 5TH ST SUITE 800 WINSTONSALEM NC 27401 990 2020-07-01 580566205 MOREHOUSE COLLEGE MORE 4706390999 830 WESTVIEW DRIVE SW ATLANTA GA 30314 UNDRIA STALLING SEN VP BUS, FIN/CFO 4706390999 2022-05-11 1 UNDRIA STALLING XXX-XX-XXXX WHITNEY HEBRON P01226647 3362753394 2022-05-10 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z UNDRIA STALLING 830 WESTVIEW DRIVE SW ATLANTA GA 30314 215423705 0 X WWW.MOREHOUSE.EDU X 1867 GA SEE SCHEDULE O 27 26 1000 0 -77222 0 119205707 138271661 63010516 54188593 4107372 5010954 19517804 8558224 205841399 206029432 24630509 26271837 0 0 46952518 46599808 10000 10000 2373223 73245481 31455998 144838508 104337643 61002891 101691789 402541341 491950493 79154300 18304735 323387041 473645758 X SEE SCHEDULE O 0 0 41551019 61159177 PROVIDING HIGHER EDUCATION TO STUDENTS UNDER A DEGREE PROGRAM. INSTRUCTION TO OVER 2,100 UNDERGRADUATE STUDENTS IN CURRICULA SUCH AS EDUCATION, SCIENCES, HUMANITIES, AND MATH. THE COLLEGE PROVIDES ITS STUDENTS WITH THE HIGHEST QUALITY OF EDUCATION IN AN ACADEMICALLY PROGRESSIVE ENVIRONMENT. 26271837 26271837 PROVIDING SCHOLARSHIPS TO DESERVING STUDENTS. THOUGH STUDENT AID, THE COLLEGE OFFERS SUPPORT IN THE FORM OF SCHOLARSHIPS, GRANTS, LOANS, AND WORK STUDY TO STUDENTS BASED ON FINANCIAL NEED TO ALLOW STUDENTS A COLLEGE EDUCATION WHO MAY NOT OTHERWISE BE ABLE TO ATTEND. 6465354 CONDUCTING RESEARCH AND OTHER ACADEMIC PROGRAMS FOR THE BENEFIT OF ITS STUDENT BODY AND THE GENERAL PUBLIC. 74288210 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 599 0 1000 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 27 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X UNDRIA STALLING 4706390999 830 WESTVIEW DRIVE SW ATLANTA GA 30314 DR DAVID A THOMAS PRESIDENT 40.00 X X 649346 0 27902 MR WILLIE WOODS TRUSTEE 1.00 X 0 0 0 MR JOHN L THORNTON TRUSTEE 1.00 X 0 0 0 MR AVERY MUNNINGS TRUSTEE 1.00 X 0 0 0 DR DOROTHY COWSER YANCY TRUSTEE 1.00 X 0 0 0 MRS BILLYE AARON TRUSTEE 1.00 X 0 0 0 MR A SCOTT BOLDEN TRUSTEE 1.00 X 0 0 0 MR JAMES JIM CASSELBERRY JR TRUSTEE 1.00 X 0 0 0 MR CHRISTOPHER COWAN TRUSTEE 1.00 X 0 0 0 MR JAMES DINKINS TRUSTEE 1.00 X 0 0 0 MS VALERIE ERVIN TRUSTEE 1.00 X 0 0 0 MR ALAN H FLEISCHMANN TRUSTEE 1.00 X 0 0 0 MR FRED HUMPHRIES TRUSTEE 1.00 X 0 0 0 MRSAMUEL R JOHNSON TRUSTEE 1.00 X 0 0 0 MR DALE E JONES TRUSTEE 1.00 X 0 0 0 MR HAROLD MARTIN JR TRUSTEE 1.00 X 0 0 0 MR CHARLES D MOODY TRUSTEE 1.00 X 0 0 0 MR VERDUN PERRY TRUSTEE 1.00 X 0 0 0 DR BEVERLY DANIEL TATUM TRUSTEE 1.00 X 0 0 0 MR EUCLID WALKER TRUSTEE 1.00 X 0 0 0 MR STAN WASHINGTON TRUSTEE 1.00 X 0 0 0 AMBASSADOR ANDREW YOUNG TRUSTEE 1.00 X 0 0 0 MR ALLEN M CHAN TRUSTEE 1.00 X 0 0 0 REV DELMAN COATES TRUSTEE 1.00 X 0 0 0 MR MARLON D COUSIN TRUSTEE 1.00 X 0 0 0 JOHN O'NEILL TRUSTEE 1.00 X 0 0 0 ALFREDO RIVERA TRUSTEE 1.00 X 0 0 0 MICHAEL HODGE PROV & SEN VP FOR ACAD AFF 40.00 X 225491 0 36140 MONIQUE DOZIER VP OF INST ADV & CHIEF ADV OFF 40.00 X 196005 0 25376 HENRY GOODGAME VP FOR EXT RELAT & ALUM ENG 40.00 X 150689 0 22800 JOY WHITE VP LEG AFF, GC, CCO & COL SEC 40.00 X 358867 0 18926 GERALD HECTOR EXECUTIVE VP& CBO 40.00 X 303827 0 15750 JOSE MALLABO VP MKT & COMM & CHIEF MKT OFF 40.00 X 177860 0 24500 KIMBERLEY MARSHALL VP FOR INFORMATION TECH &CIO 40.00 X 157275 0 29061 KINNIS GOSHA ASSOCIATE PROFESSOR 40.00 X 202152 0 21057 UNDRIA STALLING VP & DIRECTOR OF FINANCE 40.00 X 189875 0 25518 PATRICK WASHINGTON ASSOCIATE PROFESSOR 40.00 X 171221 0 17878 CYNTHIA TRAWICK TRIO DIRECTOR 40.00 X 166665 0 24534 ANDRE BERTRAND AVP PHYSICAL PLANT MODERN 40.00 X 164615 0 18580 3113888 0 308022 48 0 1 0 ARAMARK FACILITY SERVICES LLC PO BOX 978839 DALLAS TX 75397 FACILITY OPERATIONS 11952708 REGIONS BANK 1180 W PEACHTREE ST SUITE 1200 ATLANTA GA 30309 FINANCIAL SERVICES 2525812 TIAA-CREF PO BOX 935026 ATLANTA GA 31193 FINANCIAL SERVICES 2479910 ARAMARK 830 WESTVIEW DRIVE ATLANTA GA 30314 FOOD SERVICES 1728687 AETNA STUDENT HEALTH AGENCY INC PO BOX 417696 BOSTON MA 02241 STUDENT HEALTH SERVICES 1576849 47 377635 81759554 56134472 138271661 TUITION AND FEES 900099 54188593 54188593 54188593 3434008 -77222 3511230 10907382 9330436 1576946 1576946 1576946 0 377635 63837 -63837 -63837 AUXILIARY SERVICES 900099 6970584 6970584 OTHER INCOME 900099 1651477 1651477 8622061 206029432 61159177 -77222 6675816 26271837 26271837 8572027 3550218 4382226 639583 28806848 21884774 6178212 743862 1363961 1022971 300071 40919 5631023 3378614 2083479 168930 2225949 1713981 400671 111297 647289 647289 778230 778230 10000 10000 1019886 1019886 12027781 8035475 3699766 292540 273982 134251 90414 49317 118479 118479 208268 156201 52067 213346 155669 51179 6498 506236 506236 5560707 2224283 3336424 818832 4094 814738 EQUIP. RENTAL & MAINT. 3204956 1541263 1650232 13461 UNIV. CENTER EXPENSES 3096891 2694295 402596 FOOD SERVICE 1354438 1083551 270887 BAD DEBT EXPENSE 749404 749404 877273 436733 414611 25929 104337643 74288210 27676210 2373223 70596674 37615689 13827120 13552893 4860505 4833268 2522313 2267043 303912 1057931 278980211 122400938 153021243 156579273 98752219 185518897 58657355 90525499 402541341 491950493 9633730 7972935 5709003 0 55094515 5000000 5000000 3717052 5331800 79154300 18304735 X 90111076 173679908 233275965 299965850 323387041 473645758 402541341 491950493 101691789 48566928 0 X 0 1 X 1 1 1 X 25535988 24782512 33141657 119205707 138271661 340937525 25535988 24782512 33141657 119205707 138271661 340937525 59158398 281779127 2896895 3100292 4175194 3832693 3434008 17439082 25687258 26466146 24995314 19879299 8622061 105650078 464026685 377720702 0.60720 0.46010 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: AUXILIARY SERVICES - 2016 AMOUNT: $ 22,147,827. 2017 AMOUNT: $ 22,854,001. 2018 AMOUNT: $ 22,425,615. 2019 AMOUNT: $ 17,134,926. 2020 AMOUNT: $ 6,970,584. OTHER INCOME - 2016 AMOUNT: $ 3,539,431. 2017 AMOUNT: $ 3,612,145. 2018 AMOUNT: $ 2,569,699. 2019 AMOUNT: $ 2,744,373. 2020 AMOUNT: $ 1,651,477. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2751875 X 0 157080773 74204172 52960956 6208664 278037237 156082460 7989579 -386592 6604674 157080773 145139481 7196236 9121040 5374297 156082460 141428584 1117404 8109840 5516347 145139481 132316622 1712583 12812201 5412822 141428584 0.36670 0.31430 0.31900 0 0 27505488 27505488 201045088 98887337 102157751 47299635 23513601 23786034 3130000 3130000 156579273 PRIVATE EQUITY FUNDS 64972691 F REAL ASSET FUNDS 442499 F CASH AND CASH EQUIVALENTS 1944295 F HEDGE FUNDS 23166014 F 90525499 ASSET RERTIREMENT OBLIGATIONS 2215154 COMMITMENTS AND CONTIGENCIES 3008872 CAPITAL LEASE OBLIGATION 107774 5331800 X 228388360 48566928 63837 48630765 179757595 26271837 26271837 206029432 78129643 63837 63837 78065806 26271837 26271837 104337643 PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE RECLASS 63,837. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID 26,271,837. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE RECLASS 63,837. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID 26,271,837. SCHEDULE D PART III LINE 4 ART COLLECTIONS MAINTAINING AN ART COLLECTION BY THE ORGANIZATION SERVES COLLEGE, COMMUNITY, STATE, AND NATIONAL AUDIENCES BY COLLECTING, PRESERVING, PRESENTING, AND INTERPRETING THE WORK OF ARTISTS. THE ORGANIZATION ENCOURAGES AESTHETIC AND CRITICAL AWARENESS BY ENGAGING IN RESEARCH, SCHOLARSHIP, AND COMMUNITY OUTREACH, AND THE DEVELOPMENT OF PUBLICATIONS, EXHIBITIONS, AND EDUCATION PROGRAMS. THROUGH THESE VARIED ACTIVITIES, THE ART COLLECTION PROVIDES A FORUM FOR ART, ARTISTS, AND AUDIENCES WHICH ENHANCES THE LIFE OF THE ORGANIZATION AND COMMUNITY AND BRINGS NATIONAL ATTENTION TO THE ORGANIZATION. SCHEDULE D PART V LINE 4 ENDOWMENT FUND USES THE COLLEGE FOLLOWS THE PROVISIONS OF ASC SUBTOPIC 958-205, PRESENTATION OF FINANCIAL STATEMENTS RELATIVE TO ITS ENDOWMENT. SCHEDULE D PART X LINE 2 ASC 740 DISCLOSURE THE COLLEGE IS RECOGNIZED AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES 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'S MANAGEMENT HAS REVIEWED ITS TAX POSITIONS AND DETERMINED THAT IT DOES NOT HAVE MATERIAL UNCERTAIN TAX POSITIONS THAT SHOULD BE REFLECTED IN THE FINANCIAL STATEMENTS FOR 2021 OR 2020. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 RACIALLY NONDISCRIMINATORY POLICY MOREHOUSE COLLEGE PUBLISHES ITS NONDISCRIMINATORY POLICIES IN NUMEROUS DOCUMENTS OF THE COLLEGE INCLUDING THE SCHOOL CATALOG, STUDENT HANDBOOK REGISTRATION POSTERS, AND NEWSPAPER ADVERTISEMENTS. SCHEDULE E, PART I, LINE 6 FINANCIAL ASSISTANCE FROM A GOVERNMENT AGENCY STUDENTS RECEIVED $5,287,527 FROM THE FEDERAL PELL GRANT PROGRAM AND $25,444,829 FROM THE FEDERAL DIRECT STUDENT LOAN PROGRAM FOR THE CURRENT FISCAL YEAR. IN ADDITION, VARIOUS FEDERAL, STATE AND LOCAL GRANTS HAVE BEEN RECEIVED TO SUPPORT THE PROGRAMS OF MOREHOUSE COLLEGE. 1 CENTRAL AMERICA/CARIBBEAN 0 0 INVESTMENTS 5123192 0 0 0 0 0 0 5123192 0 5123192 1 0 1 1 1 0 PART I, LINE 2: PROCEDURES FOR MONITORING GRANTS & OTHER ASSISTANCE OUTSIDE THE U.S. THE COLLEGE MAINTAINS A CUSTODIAL ACCOUNT FOR FUNDS RAISED AND CONTRIBUTED BY STUDENTS AND FACULTY WHO WILL BE PARTICIPATING IN STUDY ABROAD PROGRAMS. AS A STUDY ABROAD PROGRAM IS PLANNED, THE FACULTY SPONSOR COMPILES THE LIST OF STUDENTS THAT WILL ATTEND AND THE COST OF THE PROGRAM (INCLUDING, BUT NOT LIMITED TO, PROGRAM TUITION AND MATERIALS, TRAVEL, LODGING, ETC.). THE COLLEGE THEN TRANSFERS THE FUNDS FOR THE PROGRAM TO A LOCAL IN-COUNTRY TRAVEL ORGANIZATION TO ORGANIZE THE PROGRAM LOGISTICS AND PAYMENTS ON BEHALF OF THE STUDY ABROAD ATTENDEES. THE ORGANIZATION MAINTAINS DETAILED RECORDS OF EXPENDITURES MADE FOR ALL STUDY ABROAD FUNDS DISPERSED. PART I, LINE 3: THE ACCOUNTING METHOD USED TO ACCOUNT FOR THE EXPENDITURES REPORTED ON PART I IS THE ACCRUAL METHOD. PART III ACCOUNTING METHOD: X X X X X X X 1 RH BOLTON 1380 AUDUBON COURT ATLANTA GA 30311 GALA CONSULTANT 0 377635 10000 367635 377635 10000 367635 GA CANDLE GALA 377635 377635 63837 377635 377635 63837 63837 -63837 1 SCHOLARSHIP & STUDENT AID 3516 26271837 N/A N/A SCHEDULE I PART I LINE 2 GRANT SUBSTANTIATION THE ORGANIZATION FOLLOWS FEDERAL, STATE AND INSTITUTIONAL GUIDELINES AND METHODOLOGIES FOR DETERMINING ELIGIBILITY AND AWARDING OF NEED-BASED FINANCIAL AID. FOR MERIT-BASED GRANTS, THE ORGANIZATION AWARDS THE GRANTS IN COMPLIANCE WITH THE STIPULATIONS OF THE UNDERLYING GOVERNING INSTRUMENT (I.E. DONOR ENDOWMENT AGREEMENTS, AND OTHER DONOR DOCUMENTATION). THE ORGANIZATION MAINTAINS DETAILED RECORDS OF COMPLIANCE FOR ALL GRANTS DISPERSED. ASSISTANCE TO MOREHOUSE COLLEGE STUDENTS IN THE FORM OF SCHOLARSHIPS ARE AWARDED FOR THE PURPOSE OF AIDING WITH THE COST OF ATTENDING THE COLLEGE, I.E. FOR TUITION, HOUSING, AND MEALS. SCHOLARSHIPS ARE BASED ON ACADEMIC ACHIEVEMENT, NEED, AND OTHER DONOR REQUIREMENTS SUCH AS LOCATION OF RESIDENCE. MOREHOUSE COLLEGE HAS CRITERIA FOR THE ELIGIBILITY REQUIREMENTS NEEDED TO AWARD A SCHOLARSHIP. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 DR DAVID A THOMAS PRESIDENT 649346 0 0 0 0 0 19500 0 8402 0 677248 0 0 0 JOY WHITE VP LEG AFF, GC, CCO & COL SEC 358867 0 0 0 0 0 8400 0 10526 0 377793 0 0 0 GERALD HECTOR EXECUTIVE VP& CBO 303827 0 0 0 0 0 15750 0 0 0 319577 0 0 0 MICHAEL HODGE PROV & SEN VP FOR ACAD AFF 225491 0 0 0 0 0 13972 0 22168 0 261631 0 0 0 KINNIS GOSHA ASSOCIATE PROFESSOR 202152 0 0 0 0 0 12214 0 8843 0 223209 0 0 0 MONIQUE DOZIER VP OF INST ADV & CHIEF ADV OFF 196005 0 0 0 0 0 11550 0 13826 0 221381 0 0 0 UNDRIA STALLING VP & DIRECTOR OF FINANCE 189875 0 0 0 0 0 11692 0 13826 0 215393 0 0 0 JOSE MALLABO VP MKT & COMM & CHIEF MKT OFF 177860 0 0 0 0 0 11261 0 13239 0 202360 0 0 0 CYNTHIA TRAWICK TRIO DIRECTOR 166665 0 0 0 0 0 10304 0 14230 0 191199 0 0 0 PATRICK WASHINGTON ASSOCIATE PROFESSOR 171221 0 0 0 0 0 5388 0 12490 0 189099 0 0 0 KIMBERLEY MARSHALL VP FOR INFORMATION TECH &CIO 157275 0 0 0 0 0 6930 0 22131 0 186336 0 0 0 ANDRE BERTRAND AVP PHYSICAL PLANT MODERN 164615 0 0 0 0 0 9950 0 8630 0 183195 0 0 0 HENRY GOODGAME VP FOR EXT RELAT & ALUM ENG 150689 0 0 0 0 0 9529 0 13271 0 173489 0 0 0 SCHEDULE J PART I LINE 1A CERTAIN BENEFITS PROVIDED A HOUSE IS PROVIDED TO THE PRESIDENT, AT THE CONVENIENCE OF THE EMPLOYER AS A CONDITION OF EMPLOYMENT. THE ESTIMATED VALUE WAS NOT INCLUDED IN TAXABLE INCOME. SCHEDULE J PART I LINE 3 COMPENSATION OF THE TOP MANAGEMENT OFFICIAL PRESIDENT/CEO'S COMPENSATION 1. ANNUALLY THE PRESIDENT ESTABLISHES HIS PERFORMANCE GOALS IN CONSULTATION WITH THE EXECUTIVE COMMITTEE AND THE BOARD OF TRUSTEES. 2. ANNUALLY THE PRESIDENT REVIEWS HIS PROGRESS ON THOSE GOALS WITH THE EXECUTIVE COMMITTEE WHO DOCUMENTS A PERFORMANCE REVIEW WITH THE PRESIDENT. 3. PERIODICALLY, THE EXECUTIVE COMMITTEE PERFORMS A COMPARATIVE REVIEW OF THE PRESIDENT'S COMPENSATION AGAINST THE ORGANIZATION'S PEER INSTITUTIONS. 4. PERIODICALLY AND IN CERTAIN CASES (I.E. THE ARRIVAL OF A NEW PRESIDENT), AN OUTSIDE COMPENSATION CONSULTANT MAY ADVISE THE EXECUTIVE COMMITTEE ON PRESIDENTIAL COMPENSATION. 5. BASED ON THE ABOVE, THE EXECUTIVE COMMITTEE ESTABLISHES THE PRESIDENT'S COMPENSATION FOR THE FOLLOWING YEAR. 6. THE EXECUTIVE COMMITTEE DOCUMENTS THE REASONS FOR ESTABLISHING THE NEW COMPENSATION AMOUNT. 7. THE EXECUTIVE COMMITTEE THEN RENEWS THE PRESIDENT'S CONTRACT FOR AN ADDITIONAL TERM AT THE NEW COMPENSATION LEVEL. SCHEDULE J PART I LINE 4B SUPPLEMENTAL NONQUALIFIED PLAN THE ORGANIZATION HAS A 457(B) DEFERRED COMPENSATION PLAN, LIMITED TO MANAGEMENT OR HIGHLY COMPENSATED EMPLOYEES. PURSUANT TO THE SCHEDULE J INSTRUCTIONS THE LINE IS MARKED NO. THE DEFERRED COMPENSATION IS INVESTED WITH TIAA-CREF AND IS CONSIDERED THE ORGANIZATION'S PROPERTY UNTIL THE EMPLOYEE WITHDRAWS THE FUNDS. THE NON-VESTED AMOUNTS ARE INCLUDED IN THE DEFERRED COMPENSATION OF THE EMPLOYEE. FORM 990 PART III, LINE 1 THE MISSION OF MOREHOUSE COLLEGE IS TO DEVELOP MEN WITH DISCIPLINED MINDS WHO WILL LEAD LIVES OF LEADERSHIP AND SERVICE. A PRIVATE HISTORICALLY BLACK LIBERAL ARTS COLLEGE FOR MEN, MOREHOUSE REALIZES THIS MISSION BY EMPHASIZING THE INTELLECTUAL AND CHARACTER DEVELOPMENT OF ITS STUDENTS. IN ADDITION, THE COLLEGE ASSUMES SPECIAL RESPONSIBILITY FOR TEACHING THE HISTORY AND CULTURE OF BLACK PEOPLE. FOUNDED IN 1867 AND LOCATED IN ATLANTA, GEORGIA, MOREHOUSE IS AN ACADEMIC COMMUNITY DEDICATED TO TEACHING, SCHOLARSHIP, AND SERVICE, AND THE CONTINUING SEARCH FOR TRUTH AS A LIBERATING FORCE. AS SUCH, THE COLLEGE OFFERS INSTRUCTIONAL PROGRAMS IN THREE DIVISIONS - BUSINESS AND ECONOMICS, HUMANITIES AND SOCIAL SCIENCES, AND SCIENCE AND MATHEMATICS - AS WELL AS EXTRACURRICULAR ACTIVITIES THAT: 1. DEVELOP SKILLS IN ORAL AND WRITTEN COMMUNICATIONS, ANALYTICAL AND CRITICAL THINKING, AND INTERPERSONAL RELATIONSHIPS; 2. FOSTER AN UNDERSTANDING AND APPRECIATION OF WORLD CULTURES, ARTISTIC AND CREATIVE EXPRESSION, AND THE NATURE OF THE PHYSICAL UNIVERSE; 3. PROMOTE UNDERSTANDING AND APPRECIATION OF THE SPECIFIC KNOWLEDGE AND SKILLS NEEDED FOR THE PURSUIT OF PROFESSIONAL CAREERS AND/OR GRADUATE STUDY, AND; 4. CULTIVATE THE PERSONAL ATTRIBUTES OF SELF-CONFIDENCE, TOLERANCE, MORALITY, ETHICAL BEHAVIOR, SPIRITUALITY, HUMILITY, A GLOBAL PERSPECTIVE, AND A COMMITMENT TO SOCIAL JUSTICE. THE COLLEGE SEEKS STUDENTS WHO ARE WILLING TO CARRY THE TORCH OF EXCELLENCE AND WHO ARE WILLING TO PAY THE PRICE OF GAINING STRENGTH AND CONFIDENCE BY CONFRONTING ADVERSITY, MASTERING THEIR FEARS, AND ACHIEVING SUCCESS BY EARNING IT. IN PURSUIT OF ITS MISSION, MOREHOUSE CHALLENGES ITSELF TO BE AMONG THE VERY FINEST LIBERAL ARTS INSTITUTIONS IN THE WORLD. FORM 990 PART I, LINE 1 MOREHOUSE COLLEGE IS A HISTORICAL BLACK COLLEGE WHOSE MISSION IS TO DEVELOP MEN WITH DISCIPLINED MINDS WHO WILL LEAD LIVES OF LEADERSHIP AND SERVICE. FORM 990, PART VI, SECTION B, LINE 11B BOARD REVIEW OF FORM 990 THE ORGANIZATION'S INDEPENDENT ACCOUNTANT PREPARED THE CURRENT YEAR TAX RETURN AND THIS WAS REVIEWED PRIOR TO FILING BY THE ORGANIZATION'S MANAGEMENT AND THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. A COPY OF THE FORM 990 WAS SENT TO THE BOARD OF TRUSTEES VIA EMAIL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY THE ORGANIZATION REQUIRES ALL BOARD MEMBERS TO CONFIRM THEY ARE IN COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY EACH YEAR THROUGH AN AFFIRMATION OF COMPLIANCE WITH THE POLICY THROUGH EMAIL OR SOME OTHER ACCEPTABLE COMMUNICATION MEDIUM. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING COMPENSATION PRESIDENT/CEO'S COMPENSATION 1. ANNUALLY THE PRESIDENT ESTABLISHES HIS PERFORMANCE GOALS IN CONSULTATION WITH THE COMPENSATION COMMITTEE AND THE BOARD OF TRUSTEES. 2. ANNUALLY THE PRESIDENT REVIEWS HIS PROGRESS ON THOSE GOALS WITH THE COMPENSATION COMMITTEE WHO DOCUMENTS A PERFORMANCE REVIEW WITH THE PRESIDENT. 3. PERIODICALLY, THE COMPENSATION COMMITTEE PERFORMS A COMPARATIVE REVIEW OF THE PRESIDENT'S COMPENSATION AGAINST THE ORGANIZATION'S PEER INSTITUTIONS. 4. PERIODICALLY AND IN CERTAIN CASES (I.E. THE ARRIVAL OF A NEW PRESIDENT), AN OUTSIDE COMPENSATION CONSULTANT MAY ADVISETHE COMPENSATION COMMITTEE ON PRESIDENTIAL COMPENSATION. 5. BASED ON THE ABOVE, THE COMPENSATION COMMITTEE ESTABLISHES THE PRESIDENT'S COMPENSATION FOR THE FOLLOWING YEAR. 6. THE COMPENSATION COMMITTEE DOCUMENTS THE REASONS FOR ESTABLISHING THE NEW COMPENSATION AMOUNT. 7. THE COMPENSATION COMMITTEE THEN RENEWS THE PRESIDENT'S CONTRACT FOR AN ADDITIONAL TERM AT THE NEW COMPENSATION LEVEL. OTHER OFFICERS MOREHOUSE COLLEGE HAS A POLICY FOR REVIEW AND APPROVAL FOR OFFICER AND KEY EMPLOYEE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC THE ORGANIZATION'S GOVERNING DOCUMENTS (ARTICLES OF INCORPORATION AND ANY SUBSEQUENT AMENDMENTS) ARE AVAILABLE TO THE PUBLIC ON THE GEORGIA SECRETARY OF STATE WEBSITE. ALL RELEVANT GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. FORM 990 PART VI LINE 16A JOINT VENTURES THE ORGANIZATION INVESTS IN PARTNERSHIPS THAT MAY BE CONSTRUED TO BE JOINT VENTURES. THE ORGANIZATION HAS ENACTED ADEQUATE SAFEGUARDS FOR ITS PARTNERSHIP INVESTMENTS TO ENSURE THAT THESE ACTIVITIES DO NOT JEOPARDIZE THE ORGANIZATION'S EXEMPT STATUS. HOWARD THURMAN EDUCATIONAL TRUST 830 WESTVIEW DR STE 109-7 ATLANTA GA 30324 946109302 SUPPORT GA 501(C)(3) 9 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0