2021-04-08T15:42:01-05:00 2020-05-31 363990892 Capin Crouse LLP 1255 Lakes Parkway Suite 105 Lawrenceville GA 30043 990 2019-06-01 582624570 Shorter University SHOR 7062912121 315 Shorter Avenue Rome GA 301654267 Michelle Stricklin VP of Finance, CFO 7062912121 2021-04-08 1 Ted R Batson Jr P00721951 6785185301 2019 2022-09-23 18:48:47Z Dr Donald V Dowless 315 Shorter Avenue Rome GA 301654267 37266339 0 X www.shorter.edu X 1873 GA Shorter University is a private Christian non-profit comprehensive liberal arts institution. 30 30 524 40 0 0 3469140 5906651 30472757 30439044 1715459 383772 7175 -433 35664531 36729034 10956793 12477233 0 0 14334659 12800533 0 0 279198 10404204 9795024 35695656 35072790 -31125 1656244 57979928 59873616 21928830 22253336 36051098 37620280 Advancing God's Kingdom through a commitment to academic excellence, spiritual growth, Christian leadership, and global service within the context of a biblical worldview. 0 0 20054417 12477233 25146964 Instructional - Funds expended for instructional activities in Associate, Bachelor, and Master degree programs. Enrollment in 2019-2020 included 1,881 students.Scholarship and financial aid - Comprehensive financial assistance program includes scholarships, grants, loans and part-time campus employment. Every student enrolled full-time at Shorter University receives some form of financial assistance. 5978164 5161539 Student support - Funds expended for activities contributing to students' well being and intellectual, cultural, and social development outside of formal instruction. 3147700 130541 Academic support - Expenditures integral to the operation and support of the academic services of the University.Auxiliary enterprises - Expenditures to provide services to student, faculty, and staff including housing, cafeteria, and bookstore. 29180281 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 0 1 0 1 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 1 0 1 0 0 0 0 1 0 0 0 1 2117 0 1 524 1 0 0 0 0 0 0 0 0 0 0 0 0 X 30 30 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 GA X Michelle Stricklin 7062912121 315 Shorter Avenue Rome GA 301654267 Dr Donald Dowless President 60.00 X 173222 0 39977 Dr Donald Martin Provost 60.00 X 134776 0 37419 Susan Zeird part year VP of Finance, CFO 60.00 X 107237 0 607 Mr Jerry Emerson Board Chair 1.00 X X 0 0 0 Dr Glenn Cummings part year Board Chair 1.00 X X 0 0 0 Mr William Fricks Vice Chair of Board 1.00 X X 0 0 0 Dr Danny Cochran Secretary 1.00 X X 0 0 0 Dr Bob Bagley part Year Secretary 1.00 X X 0 0 0 Dr Thomas Hammond Ex Officio Member 1.00 X 0 0 0 Dr Stephen Anthony Trustee 1.00 X 0 0 0 Mr Randy Bo Bowen Trustee 1.00 X 0 0 0 Mr Russ Brown Trustee 1.00 X 0 0 0 Mrs Cheryl Cox Trustee 1.00 X 0 0 0 Mrs Susie Gass Trustee 1.00 X 0 0 0 Dr Gerald Harris Trustee 1.00 X 0 0 0 Mr John Hatcher Trustee 1.00 X 0 0 0 Ms Wanda Levan Trustee 1.00 X 0 0 0 Mr Larry Maxey Trustee 1.00 X 0 0 0 Dr Keith McBroom Trustee 1.00 X 0 0 0 Rev Jeff Overton Trustee 1.00 X 0 0 0 Mrs Amy Patterson Trustee 1.00 X 0 0 0 Dr John Pennington Trustee 1.00 X 0 0 0 Mr Greg Polley Trustee 1.00 X 0 0 0 Mr Kelvin Ratliff Trustee 1.00 X 0 0 0 Rev Bob Richardson Trustee 1.00 X 0 0 0 Rev Drew Startup Trustee 1.00 X 0 0 0 Dr Joe Tanner Trustee 1.00 X 0 0 0 Mr Wayne Angel Trustee 1.00 X 0 0 0 Rev Brian Carroll Trustee 1.00 X 0 0 0 Mr Chris Cowart Trustee 1.00 X 0 0 0 Mr Randall Farrell Trustee 1.00 X 0 0 0 Mr Rick Ferrin Trustee 1.00 X 0 0 0 Rev Barry Peppers Trustee 1.00 X 0 0 0 Mr Lamar Pinso Trustee 1.00 X 0 0 0 Rev Jon Price Trustee 1.00 X 0 0 0 Mr Bryan Griffin part year Trustee 1.00 X 0 0 0 Mrs Vivian Johnson part year Trustee 1.00 X 0 0 0 Mr Rick Mills part year Trustee 1.00 X 0 0 0 Mr Bryan Rice part year Trustee 1.00 X 0 0 0 Rev Ben Smith part year Trustee 1.00 X 0 0 0 Michelle Stricklin VP of Finance, CFO 60.00 X 0 0 0 415235 0 78003 3 0 1 0 Sysco Atlanta LLC 2225 Riverdale Road Colllege Park GA 30337 Food Service 532753 Jenzabar PO Box 55018 Boston MA 02205 Database Service 371247 Clark Communications 2 Westside Drive Ashville NC 28806 Printing Service 183395 Advanced Facilities Services 1165 S Post Oak Court Springfield MO 65809 Ground and Building Maintenance 152963 Stephens & McRae Mechanical LLC 2 Juniper Ct Ste E Covington GA 30016 A/C Service Company 112000 5 67516 2274519 2493804 1070812 76494 5906651 Tuition and fees 611110 25146964 25146964 Student support 611110 5161539 5161539 Academic support 611110 130541 130541 30439044 390573 390573 8595 0 8595 8595 8595 519398 525399 800 -6001 -800 -6801 -6801 2078 67516 11106 -9028 -9028 36729034 30439044 0 383339 12477233 12477233 517903 238235 234096 45572 35161 35161 10052471 8943445 959926 149100 1429719 1253280 159809 16630 765279 655798 95907 13574 54171 54171 130487 130487 1250 1250 1328317 639511 688806 31335 9779 12158 9398 343912 343912 1314258 97163 1217095 504921 498141 5754 1026 969331 534379 414952 20000 747644 649017 98627 1217488 1047040 170448 743289 484454 258835 Repairs and Maintenance 374285 87894 286391 Bad Debt Expense 270150 270150 1764186 1529751 210537 23898 35072790 29180281 5613311 279198 623295 3348331 438122 329032 760519 901812 10025 13435 379343 248099 69482219 32246078 38216844 37236141 14581653 14899401 1592889 1564529 1022281 977232 354957 355604 57979928 59873616 1500775 1285348 589833 470656 17914574 17251116 1726033 1923648 1520183 21928830 22253336 X 21760321 23799951 14290777 13820329 36051098 37620280 57979928 59873616 X 1656244 -30861 -56201 X 0 1 X 1 1 1 X 8440444 4153010 3503439 3469140 5906651 25472684 8440444 4153010 3503439 3469140 5906651 25472684 1164246 24308438 481651 289431 307666 426564 399168 1904480 7936 6694 2078 16708 27393872 165443978 0.88740 0.86650 X Schedule A, Part II, Line 10, Explanation of Other Income: Insurance proceeds - 2017 Amount: $ 7,936. 2018 Amount: $ 3,833. Fundraising event fees - 2018 Amount: $ 2,861. 2019 Amount: $ 2,078. Schedule A, Part II: The organization is a school as described under 170(b)(1)(A)(ii) and is not required to complete a public support schedule. Schedule A, Part II is completed to verify the School can qualify under public charity status section 170(b)(1)(A)(vi) and, therefore, qualifies to use the first listed special rule for Schedule B reporting. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 319669 X X X 0 10528688 24041 242855 682988 10112596 13511208 44047 420277 600000 2846844 10528688 13002208 118930 933104 543034 13511208 14613760 10390 1597169 862800 2356311 13002208 15261282 1056538 -113138 658800 932122 14613760 0.00000 1.00000 0.00000 1 1 1 10000 2836233 2846233 48510270 23509973 25000297 1801709 873179 928530 16224291 7862926 8361365 99716 99716 37236141 Annuities payable 5292 Refundable advances from federal government 827428 Conditional asset retirement obligation 687463 1520183 24772045 -30861 11106 -19755 24791800 1250 11935984 11937234 36729034 23202863 11106 11106 23191757 1250 11879783 11881033 35072790 Part III, Line 4: Collection items consist of artwork, artifacts, and exotic taxidermy donated to the University, which are on display in various locations on the campus. Part V, Line 4: The majority of Shorter University's endowment intends to provide scholarships to students with a small amount restricted for professorships. Part XI, Line 2d - Other Adjustments: Event Expenses 11,106. Part XI, Line 4b - Other Adjustments: Student financial aid netted with revenue on financial statement 11,879,783. Change in value of split interest agreement 56,201. Part XII, Line 2d - Other Adjustments: Fundraising event expenses 11,106. Part XII, Line 4b - Other Adjustments: Student financial aid netted with revenue on financial statement 11,879,783. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The school's nondiscriminatory policy can be found on page 4 of the 2019 - 2020 Academic Catalog. https://www.https://www.shorter.edu/wp-content/uploads/Academ The policy is currently listed on the Shorter University website and was added to the organization's homepage during the fiscal year. https://www.shorter.edu/ Schedule E, Part I, Line 6 The federal government awards the University various monies restricted for student financial aid. The monies are awarded through federal programs: Pell Grant (Pell), Federal Direct Student Loans (FDL), Federal Work Study (FWS), Federal Supplemental Educational Opportunity Grant (FSEOG), Higher Education Emergency Relief Fund (HEERF), U.S. Small Business Administration PPP Loan (PPP), and TEACH Grants (TEACH). Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium 0 0 Program services Study abroad 13622 0 0 0 0 0 0 13622 0 13622 0 0 0 0 0 0 Part I, line 3: Accrual method is used to account for foreign expenditures. Part III Accounting Method: President's Gala 65839 63997 1842 5492 4743 Fundraising Tea 3755 3519 236 871 69594 67516 2078 6363 4743 11106 -9028 1 Scholarships 1014 11879933 HEERF 815 597300 Part I, Line 2: Shorter University participates in the student financial assistance programs through the U.S. Department of Education. Funds are awarded and applied to student accounts based on the Department of Education guidelines set forth by the Title IV programs. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Dr Donald Dowless President 170450 0 0 0 2772 0 0 0 40957 0 214179 0 0 0 Dr Donald Martin Provost 130204 0 0 0 4572 0 0 0 38314 0 173090 0 0 0 Part I, Line 1a Per direction from the Board of Trustees and in accordance with IRC Section 119, the President of the University resides on campus in University provided non-taxable housing with a yearly rental value of $24,000. 5911 Financial Aid Tuition Assistance Allison Startup Family member of Rev. Drew Startup, Trustee 35161 Wages & Benefits 0 X Equipment 32 57884 Appraisal X Travel/Meals 45 10718 Cost X Misc 42 7826 Replacement cost X Landscaping 2 66 Cost 0 0 1 0 Part I, Column (b): The number of contributions represent the number of contributions received, not the number of items donated. Form 990, Part VI, Section A, line 1 The governing body delegates broad authority to an Executive Committee consisting of the Chair, the Vice Chair,and Secretary of the Board of Trustees, the Chair of the Finance and Investment Committee, and three other Board of Trustees members elected by the Board of Trustees at the annual meeting. The Executive Committee has full power and authority to act and to transact any business for and on behalf of the University and in the place of the Board of Trustees during the interim between meetings of the Board of Trustees. Form 990, Part VI, Section A, line 6 The Baptist Convention of the State of Georgia is the University's sole member. Form 990, Part VI, Section A, line 7a All Trustees shall be elected by the Member, including those elected to fill any vacancy on the Board of Trustees. Form 990, Part VI, Section A, line 7b All Trustees are elected by the Member and the Member has the right to vote on any proposal of dissolution. Form 990, Part VI, Section B, line 11b The Form 990 is prepared by an independent CPA firm and is reviewed in detail by the Chief Financial Officer. The reviewed Form 990 is then forwarded to the Board of Trustees before it is filed with the IRS. Form 990, Part VI, Section B, line 12c The University requires employees, the Board of Trustees, and Officers to annually sign a conflict of interest statements disclosing any conflicts of interest. The administrative assistant to the President reviews the statements and gives any statements indicating a conflict to the President; the President discloses the conflict to the head of the Board; the Board or a committee determines whether an actual conflict exists. If a conflict of interest arises at a board meeting, the Board member is prohibitted from voting on or discussing any matter in which they have a conflict. Form 990, Part VI, Section B, line 15a 15a) The independent Compensation Committee approves the President's compensation annually and the deliberation and decision are documented in the committee minutes. A compensation comparability study was conducted four years ago. 15b) Independent members of the board of trustees approve the annual budget which includes compensation for other officers. The salary approval forms are reviewed and signed by the President. These signed forms are kept in the individual's employment file. Form 990, Part VI, Section C, line 19 The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request. Form 990, Part XI, line 9: Change in value of split interest agreement -56,201. Baptist Convention of the State of Georgia 6405 Sugarloaf Parkway Duluth GA 30097 580566245 Church GA 501(c)(3) Line 1 N/A 0 Georgia Baptist Foundation Inc 6405 Sugarloaf Parkway Duluth GA 30097 586030046 Trust agency for endowments GA 501(c)(3) Line 1 Baptist Convention of the State of Georgia 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0