2021-05-04T08:23:27-05:00 2020-06-30 580692043 MAULDIN & JENKINS LLC 200 GALLERIA PKWY SE STE 1700 ATLANTA GA 303395946 990 2019-07-01 580568698 OGLETHORPE UNIVERSITY INC OGLE 4042611441 4484 PEACHTREE ROAD NE ATLANTA GA 30319 PETER D STOBIE VP FOR BUSINESS/FINANCE 4042611441 2021-04-28 1 MARY JO ALEXANDER P00002534 7709558600 2021-04-28 2019 2022-09-23 18:48:47Z DR NICHOLAS LADANY 4484 PEACHTREE ROAD NE ATLANTA GA 30319 74108491 0 X WWW.OGLETHORPE.EDU X 1835 GA INSTITUTION OF HIGHER EDUCATION 41 41 547 200 5850 0 2848358 4312146 54581354 59329333 1381647 135483 42824 75295 58854183 63852257 27181312 31302983 0 0 14831999 15632092 0 0 1352176 14677348 16025021 56690659 62960096 2163524 892161 119774341 121780762 19435024 18001134 100339317 103779628 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 A GLOBAL WORLD, READIES THEM FOR RESPONSIBLE LEADERSHIP, AND EMPOWERS THEM TO PURSUE MEANINGFUL LIVES AND PRODUCTIVE CAREERS. 0 0 42224086 31302983 50403475 INSTRUCTION - THE COST OF OFFERING THE ACADEMIC PROGRAMS. 7891644 7945158 STUDENT SERVICES - THE COSTS OF EXTRACURRICULAR AND STUDENT-ORIENTED SERVICES AND PROGRAMS DESIGNED TO ENHANCE THE LEARNING ENVIRONMENT. 4010774 980700 AUXILIARY SERVICES, THE COSTS OF ACTIVITIES ASSOCIATED WITH THE SUPPORT OF THE CAMPUS AND RESIDENTIAL COMMUNITY. 54126504 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 80 0 1 547 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 41 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 LAWRENCE M SCHALL PRESIDENT/EX-OFFICIO 60.00 X X 388429 0 51660 MR RICHARD BAKARE TRUSTEE 1.00 X 0 0 0 MRS JOSEYLN BUTLER BAKER TRUSTEE 1.00 X 0 0 0 MR CAMERON M BREADY VICE CHAIR 2.00 X X 0 0 0 MS VIRGINIA BENNETT TRUSTEE 1.00 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 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 J CLEVELAND HILL TRUSTEE 1.00 X 0 0 0 MR H THEODORE HEINTZ JR TRUSTEE 1.00 X 0 0 0 MR JAMES V HARTLAGE JR TRUSTEE 1.00 X 0 0 0 MR JOE LAWRENCE TRUSTEE 1.00 X 0 0 0 MS MEREDETH LACKEY TRUSTEE 1.00 X 0 0 0 MR DAVID M LEONARD TRUSTEE 1.00 X 0 0 0 MR JASON LEWIS 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 MRS BELLE TURNER LYNCH 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 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 JOSEPH P SHELTON TRUSTEE 1.00 X 0 0 0 DR WILLIAM O SHROPSHIRE 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 CHARLES T WHITE TRUSTEE 1.00 X 0 0 0 MR JAMES WILLIAMS TRUSTEE 1.00 X 0 0 0 MR JAMES WINESTOCK TRUSTEE 1.00 X 0 0 0 MR PETER D STOBIE VP FOR BUSINESS AND FINANCE 40.00 X 74884 0 7110 MR NORMAN MCKAY VP/BUSINESS & FINANCE THRU 8.23.19 40.00 X 88278 0 12115 DR GLENN SHARFMAN PROVOST AND VP ACADEMIC AF 40.00 X 208913 0 33023 MR DENNIS KELLY DEAN OF BUSINESS SCHOOL 40.00 X 186010 0 19628 MS LUCY LEUSCH VP ENROLLMENT & FINANCIAL 40.00 X 150818 0 22934 MS MICHELLE T HALL VP, CAMPUS LIFE 40.00 X 143971 0 10006 MR TODD BENNETT VP OF MARKETING AND COMM 40.00 X 132582 0 12559 MR MICHAEL K RULISON PROFESSOR, PHYSICS 40.00 X 125567 0 20453 1499452 0 189488 17 0 1 0 BRASFIELD GORRIE LLC P O BOX 11407 BIRMINGHAM AL 35246 CONSTRUCTION SERVICES 5067577 ARAMARK SERVICES P O BOX 978839 DALLAS TX 75397 FOOD SERVICE VENDOR 2619808 NATIONAL MANAGEMENT RESOURCES 113 CORPORATE EAST DR BOX 1224 LAGRANGE GA 30241 FACILITES MANAGEMENT 1481477 CW MATTHEWS CONSTRUCTION P O BOX 970 MARIETTA GA 30061 PAVING CONTRACTOR 557468 TSA INC 2050 WEST SAM HOUSTON PKWY NORTH HOUSTON TX 77043 IT/COMPUTER EQUIPMENT 534369 24 4312146 636804 4312146 TUITION AND FEES 611310 50376247 50376247 ROOM AND BOARD 611310 7945158 7945158 AUXILIARY AND FACILITY SERVICES 611310 980700 980700 LEAD ABROAD PROGRAM 611310 27228 27228 59329333 659047 659047 9726405 10249969 -523564 -523564 -523564 12115 6265 5850 5850 MISCELLANEOUS 900099 69445 69445 69445 63852257 59329333 5850 204928 31302983 31302983 1186292 391664 427753 366875 11784612 9545536 1826615 412461 606308 559673 46635 1144576 977892 99796 66888 910304 737199 163855 9250 10933 10933 82000 82000 198146 198146 568576 568576 1367602 370257 939836 57509 1350665 1350665 495979 458711 18210 19058 165327 133589 16968 14770 368949 289385 79564 4072183 3194012 878171 300699 249580 51119 FOOD SERVICES 2297375 2190536 27195 79644 REPAIRS AND MAINTENANCE 1860781 74431 1767742 18608 PROFESSIONAL & RECRUITM 886662 601454 254112 31096 INSTRUCTIONAL MATERIALS 130268 124988 5280 1868876 1005373 587486 276017 62960096 54126504 7481416 1352176 272813 1836709 6983433 5327839 535701 1042681 38554 52381 414843 495483 117567308 41356556 76857227 76210752 33771077 36023358 829905 770123 70788 21436 119774341 121780762 4476249 1346157 2678445 2816320 10971069 9615255 2685700 1309261 1537702 19435024 18001134 X 74548120 77857483 25791197 25922145 100339317 103779628 119774341 121780762 892161 2548150 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 197500 5377580 X X X X 0 0 33645036 974375 2489452 1386503 35722360 33885630 794042 350854 1385490 33645036 31724904 1002500 2535098 1376872 33885630 30301222 164195 2651297 1391810 31724904 31005750 1015991 -582966 1137553 30301222 0.40160 0.58730 0.01110 1 0 4978819 4978819 93181227 31947123 61234104 12738767 9405823 3332944 6668495 3610 6664885 76210752 ADVANCES FROM FEDERAL GOVERNMENT 437498 EARLY RETIREMENT LIABILITIES 386456 ACCRUED VACATION LIABILITIES 440300 OTHER LIABILITIES 273448 1537702 X 35103689 2548150 2548150 32555539 31296718 31296718 63852257 31663378 6265 6265 31657113 31302983 31302983 62960096 PART III, LINE 4: OGLETHORPE UNIVERSITY 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 FURTHERANCE 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 FULFILLING ITS GOAL TO PROVIDE A SUPERIOR LIBERAL ARTS EDUCATION. PART V, LINE 4: OGLETHORPE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 127 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 2019, 2018, AND 2017. ACCORDINGLY, NO PROVISION OR BENEFIT FOR FEDERAL AND STATE INCOME TAXES HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE UNIVERSITY BELIEVES THAT IT 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 4B - OTHER ADJUSTMENTS: RECLASS OF COGS FROM EXPENSE -6,265. RECLASS OF STUDENT ASSISTANCE TO FUNCTIONAL EXPENSE 31,302,983. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS OF COGS TO REVENUE 6,265. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF STUDENT ASSISTANCE EXPENSE FROM REVENUE 31,302,983. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 ACADEMIC SCHOLARSHIPS 1313 31302983 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 X 1 1 X X X X 0 1 0 0 0 0 0 1 0 DR LAWRENCE M SCHALL PRESIDENT/EX-OFFICIO 336929 0 33500 0 18000 0 35346 0 16314 0 440089 0 0 0 DR GLENN SHARFMAN PROVOST AND VP ACADEMIC AF 208913 0 0 0 0 0 15148 0 17875 0 241936 0 0 0 MR DENNIS KELLY DEAN OF BUSINESS SCHOOL 186010 0 0 0 0 0 3161 0 16467 0 205638 0 0 0 MS LUCY LEUSCH VP ENROLLMENT & FINANCIAL 150818 0 0 0 0 0 10874 0 12060 0 173752 0 0 0 MS MICHELLE T HALL VP, CAMPUS LIFE 143971 0 0 0 0 0 10006 0 0 0 153977 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. THE UNIVERSITY PAYS FOR THE PRESIDENT'S HEALTH CLUB DUES. PART I, LINE 4B 457F PLAN: DR. LAWRENCE SCHALL CONTRIBUTED $16,096 PART I, LINE 7 LAWRENCE SCHALL RECEIVED A BONUS APPROVED BY THE BOARD FOR $33,500. X 2 197500 APPRAISED VALUE X 7 439304 FMV 2 0 1 1 PART I, COLUMN (B): NUMBER OF CONTRIBUTORS. PART I, LINE 32B: THE ORGANIZATION USES THIRD PARTIES TO SELL NON CASH CONTRIBUTIONS SUCH AS DONATIONS OF STOCK. 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 NO CHANGES HAVE BEEN MADE TO THE PROCESS OF AUDITOR SELECTION, NOR REVIEW OF AUDITED FINANCIAL STATEMENTS. EFFECTS OF COVID-19 CORONAVIRUS THE WORLDWIDE SPREAD OF COVID-19, A RESPIRATORY DISEASE CAUSED BY A NOVEL STRAIN OF CORONAVIRUS, HAS REACHED MOST AREAS OF THE STATE OF GEORGIA AND IS CONSIDERED A PUBLIC HEALTH EMERGENCY OF INTERNATIONAL CONCERN BY THE WORLD HEALTH ORGANIZATION. OGLETHORPE UNIVERSITY STOPPED IN-PERSON INSTRUCTION IN THE LATER PART OF MARCH 2020 AND COMMENCED REMOTE STUDENT INSTRUCTION FOR THE REMAINDER OF THE 2019-2020 ACADEMIC YEAR, INCLUDING SUMMER 2020. THE UNIVERSITY HAS DEVELOPED A PLAN FOR OPERATIONS FOR THE 2020-2021 ACADEMIC YEAR AS PART OF A COMPREHENSIVE PLANNING INITIATIVE, WHICH INCLUDES PLANS AND CONTINGENCIES FOR BOTH IN-PERSON AND REMOTE INSTRUCTION. ON SEPTEMBER 8, 2020, THE UNIVERSITY CONTINUED REMOTE INSTRUCTION FOR THE FALL SEMESTER. IN APRIL 2020, THE U.S. DEPARTMENT OF EDUCATION (DOE), UNDER THE CARES ACT, BEGAN DISTRIBUTING FUNDING TO ELIGIBLE INSTITUTIONS OF HIGHER EDUCATION. THESE FUNDS WERE DISTRIBUTED AND INTENDED TO SUPPORT STUDENTS AFFECTED BY THE EARLY CLOSURE OF CAMPUS AND NEEDS RELATED TO REMOTE INSTRUCTION, AS WELL AS, SUPPORTING THE OPERATIONS OF THE INSTITUTION. ADDITIONALLY, AS PART OF THE CARES ACT, THE UNIVERSITY OBTAINED A LOAN UNDER THE PAYROLL PROTECTION PROGRAM IN ORDER TO RETAIN EMPLOYEES AND MAINTAIN PAYROLL DURING THE COVID-19 PANDEMIC. THE UNIVERSITY MAY CONTINUE TO EXPERIENCE ADVERSE IMPACTS AS A RESULT OF ANY CONTINUED DURATION, SPREAD, AND IMPACT OF THE COVID-19 PANDEMIC THOUGH THE EXTEND OF POTENTIAL IMPACT IS UNKNOWN AT THIS TIME.