2021-05-17T10:40:33-05:00 2020-06-30 346565596 ERNST & YOUNG US LLP 55 IVAN ALLEN JR BLVD SUITE 1000 ATLANTA GA 30308 990 2019-07-01 580566243 SPELMAN COLLEGE SPEL 4046813643 350 SPELMAN LANE SW ATLANTA GA 30314 DAWN ALSTON CFO & VP OF BUS & FINANCIAL AFFAIRS 4046813643 2021-05-17 1 AERRIAL M ORR P01598400 4048748300 2019 2022-09-23 18:48:47Z DAWN ALSTON 350 SPELMAN LANE SW ATLANTA GA 30314 342221168 0 X WWW.SPELMAN.EDU X 1881 GA SPELMAN COLLEGE, A HISTORICALLY BLACK COLLEGE AND GLOBAL LEADER IN THE EDUCATION OF WOMEN OF AFRICAN DESCENT, IS DEDICATED TO THE ACADEMIC EXCELLENCE OF ITS STUDENTS. 26 24 1530 641 -19434 -22954 29274287 80519271 83991900 81324190 22373611 32105648 1114474 1037063 136754272 194986172 18236698 20008974 0 0 56549713 59138843 267392 274200 7705052 43926229 43667201 118980032 123089218 17774240 71896954 625620827 668899439 84891998 79511310 540728829 589388129 X SPELMAN COLLEGE, A HISTORICALLY BLACK COLLEGE AND GLOBAL LEADER IN THE EDUCATION OF WOMEN OF AFRICAN DESCENT, IS DEDICATED TO ACADEMIC EXCELLENCE IN THE LIBERAL ARTS AND SCIENCES, AND THE INTELLECTUAL, CREATIVE, ETHICAL AND LEADERSHIP DEVELOPMENT OF ITS STUDENTS. SPELMAN EMPOWERS THE WHOLE PERSON TO ENGAGE THE MANY CULTURES OF THE WORLD AND INSPIRES A COMMITMENT TO POSITIVE SOCIAL CHANGE. 0 0 53916119 20008974 61968005 INSTRUCTIONFOUNDED IN 1881, SPELMAN COLLEGE IS A PRIVATE, NONPROFIT INSTITUTION OF HIGHER EDUCATION BASED IN ATLANTA, GEORGIA. THE COLLEGE IS ACCREDITED BY THE COMMISSION ON COLLEGES OF THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS AND PROVIDES QUALITY LIBERAL ARTS EDUCATION AND TRAINING SERVICES FOR APPROXIMATELY 2,100 UNDERGRADUATE STUDENTS. IN ADDITION, THE COLLEGE MAINTAINS SPECIAL PROGRAMS SUCH AS CONTINUING EDUCATION, SUMMER SCIENCE AND DUAL DEGREES IN ENGINEERING. 16074022 19356185 AUXILIARY ENTERPRISESAS A RESIDENTIAL LIBERAL ARTS COLLEGE, SPELMAN COLLEGE PROVIDES ON CAMPUS HOUSING FOR APPROXIMATELY 1,400 STUDENTS. SPELMAN ALSO PROVIDES DINING SERVICES TO ITS RESIDENTIAL STUDENTS, AS WELL AS COMMUTER STUDENTS, FACULTY, STAFF AND OTHERS. SPELMAN OPERATES A 500 SPACE PARKING DECK FOR FACULTY, STAFF, AND STUDENTS. ADDITIONALLY, SPELMAN OFFERS A VARIETY OF SUMMER CONFERENCES FOR HIGH SCHOOL STUDENTS AND OTHER INTERESTED STUDENTS. 3791125 RESEARCHSPELMAN COLLEGE PERFORMS RESEARCH, TRAINING, AND OTHER SIMILAR SERVICES UNDER GRANTS WITH GOVERNMENTAL AGENCIES OR SPONSORING ORGANIZATIONS. 23701127 1037063 PUBLIC SERVICE, ACADEMIC SUPPORT, AND STUDENT SERVICES 23701127 1037063 97482393 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 0 1 1 0 1 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 2977 0 1 1530 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 26 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 GA NY X DAWN ALSTON 4042705077 350 SPELMAN LANE SW ATLANTA GA 30314 MARY SCHMIDT CAMPBELL PHD PRESIDENT 35.00 35.00 X X 432943 0 33937 ROBERT D FLANIGAN JR CHIEF INVESTMENT OFFICER/TREASURER 35.00 35.00 X 353917 0 28951 SHARON DAVIES PROVOST 35.00 0.00 X 324300 0 29242 JANE SMITH VP FOR COLLEGE RELATIONS 35.00 0.00 X 265565 0 21528 JESSIE BROOKS VP OF INSTITUTIONAL ADVANCEMENT 35.00 0.00 X 236537 0 18339 MYRA BURNETT VP INSTITUTIONAL RESEARCH 35.00 0.00 X 210540 0 24873 TERRI REED SECRETARY OF THE COLLEGE 35.00 0.00 X 210819 0 24440 DAWN ALSTON CFO & VP OF BUS AND FIN AFFIARS 35.00 0.00 X 187476 0 20747 JOHNNELLA BUTLER PROFESSOR 35.00 0.00 X 180559 0 21274 DARRYL HOLLOMAN VP ACADEMIC AFFAIRS 35.00 0.00 X 178108 0 21737 JULIE DASH PROFESSOR 35.00 0.00 X 183177 0 15893 INGRID HAYES SVP OF ENROLLMENT MANAGEMENT 35.00 0.00 X 169833 0 16212 HELGA GREENFIELD ASSOC DIR OF GOV'T RELATIONS 35.00 0.00 X 163611 0 20335 RHONDA HONEGAN DIRECTOR OF INVESTMENT 35.00 0.00 X 158042 0 20712 BERNADETTE COHEN DIRECTOR OF HUMAN RESOURCES 35.00 0.00 X 158295 0 20089 MARK LEE PHD FACULTY TRUSTEE/ASSOCIATE PROFESSOR 35.00 0.00 X 95212 0 13904 JOHN WILSON VP AND CHIEF INFORMATION OFFICER 35.00 0.00 X 76438 0 5999 NIA MALONE STUDENT TRUSTEE 2.00 0.00 X 0 0 0 ROSALIND G BREWER CHAIR 2.00 0.00 X X 0 0 0 RONDA E STRYKER VICE CHAIR 2.00 0.00 X X 0 0 0 KATHY N WALLER SECRETARY 2.00 0.00 X X 0 0 0 WALTER R ALLEN PHD TRUSTEE 2.00 0.00 X 0 0 0 CLAIRE ARNOLD TRUSTEE 2.00 0.00 X 0 0 0 THEODORE R ARONSON TRUSTEE 2.00 1.00 X 0 0 0 GENA HUDGINS ASHE TRUSTEE 2.00 0.00 X 0 0 0 MARY BROCK TRUSTEE 2.00 0.00 X 0 0 0 JANINE BROWN TRUSTEE 2.00 0.00 X 0 0 0 BONNIE SHELTON CARTER TRUSTEE 2.00 0.00 X 0 0 0 THOMAS H CASTRO TRUSTEE 2.00 0.00 X 0 0 0 MARY LYNNE DIGGS TRUSTEE 2.00 0.00 X 0 0 0 SUSAN DUNN TRUSTEE 2.00 0.00 X 0 0 0 KAYE FOSTER TRUSTEE 2.00 0.00 X 0 0 0 CYNTHIA E JACKSON TRUSTEE 2.00 0.00 X 0 0 0 PAMELA JOSEPH TRUSTEE 2.00 1.00 X 0 0 0 RICHARD D LEGON TRUSTEE 2.00 0.00 X 0 0 0 GWENDOLYN ADAMS NORTON TRUSTEE 2.00 0.00 X 0 0 0 HELEN SMITH PRICE TRUSTEE 2.00 0.00 X 0 0 0 D'RITA ROBINSON TRUSTEE 2.00 0.00 X 0 0 0 LOREN ROBINSON TRUSTEE 2.00 0.00 X 0 0 0 LOVETTE T RUSSELL TRUSTEE 2.00 0.00 X 0 0 0 SUZANNE F SHANK TRUSTEE 2.00 0.00 X 0 0 0 COLLEEN TAYLOR TRUSTEE 2.00 0.00 X 0 0 0 PUSHPA N PAREKH TRUSTEE 2.00 0.00 X 0 0 0 TARA L BUCKNER TRUSTEE 2.00 0.00 X 0 0 0 3585372 0 358212 64 0 1 0 ARAMARK DINING SERVICES 350 SPELMAN LANE SW ATLANTA GA 303144395 DINING SERVICES 5200168 STUDIO GANG ARCHITECTS LTD 1520 W DIVISION ST CHICAGO IL 606423312 DESIGN SERVICES 2591353 ARAMARK INC PO BOX 978839 DALLAS TX 75397 FACILITY SERVICES 1460238 CHESAPEAKE ASSET MGMT LLC ONE ROCKEFELLER PLZ STE 2321 NEW YORK NY 10020 INVESTMENT MANAGEMENT 1137813 SIEMANS INDUSTRY INC PO BO 2134 CAROL STREAM IL 601322134 AUTOMATION SERVICES 661837 38 93 8434717 72084461 3171 80519271 TUITION AND FEES 900099 61968005 61968005 AUXILARY ENTERPRISES 900099 19356185 19356185 81324190 475735 -19434 495169 178864909 147234996 31629913 31629913 31629913 EXTENDED PAYMENT 900099 298950 298950 VENDING AND COMMISSION 900099 278676 278676 BOOKSTORE RENTAL 900099 143447 143447 315990 315990 1037063 194986172 82361253 -19434 32125082 155952 155952 19853022 19853022 2871808 985052 1445285 441471 42708993 34317520 4499346 3892127 2080000 1692925 172782 214293 8572416 6815594 894094 862728 2905626 2364907 241366 299353 466272 466272 433433 433433 66000 66000 274200 274200 2045203 2045203 9353866 7825992 996087 531787 3547422 2608046 609995 329381 3828782 3207899 620883 1386547 999392 173738 213417 2255861 1607472 648389 3096377 2132676 963701 1419912 1309116 110796 SPECIAL PROJECTS 3507674 2335102 623451 549121 AUC LIBRARY 3126610 2801092 325518 0 REPAIRS & MAINTENANCE 2059960 1590595 468269 1096 CLEANING EXPENSES 1310947 1095483 215464 0 5762335 3784556 1881701 96078 123089218 97482393 17901773 7705052 41833300 103071235 26606519 21453446 1933615 1552596 289556455 126535289 162470806 163021166 44806772 53706274 345655224 324235235 932683 627114 1381908 1232373 625620827 668899439 12044582 11945835 745346 716589 70786797 65846964 1315273 1001922 84891998 79511310 X 160561030 165990624 380167799 423397505 540728829 589388129 625620827 668899439 X 71896954 -23246662 9008 X 0 1 X 1 1 1 X 25405859 19285905 52278096 29274287 80519271 206763418 25405859 19285905 52278096 29274287 80519271 206763418 56650940 150112478 2676875 2904082 3713446 1780685 475735 11550823 1193796 986998 1084084 1114474 1037063 5416415 223730656 398735982 0.67100 0.74250 X PART II, SECTION B, LINE 10 OTHER INCOME: $1,037,063 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 66000 66000 0 PART II-B, LINE 1: OTHER ACTIVITIES SPELMAN COLLEGE RETAINS A CONSULTANT, THE ESTELL GROUP, TO PROMOTE LEGISLATION WHICH WOULD PROVIDE SPELMAN COLLEGE WITH FEDERAL FUNDS FOR USE ON VARIOUS COLLEGE PROJECTS AND PROGRAMS. THE ESTELL GROUP WAS PAID $66,000 FOR THEIR SERVICES. X X X X X CURRICULUM ENHANCEMENT & DEVLP 0 391813695 3196662 7133166 19252465 382891058 393701579 678610 18056873 20623367 391813695 367884130 3725008 41975376 19882935 393701579 348408394 1318945 37414084 19257293 367884130 365029335 2951117 187050 19759108 348408394 0.16620 0.34380 0.49000 0 1 1 14712723 14712723 209626181 81446331 128179850 31460109 29745250 1714859 33757442 15343708 18413734 163021166 SHORT-TERM INVESTMENTS 7305063 F FIXED INCOME 35759408 F NON U.S. EQUITY 22965351 F MARKETABLE ALTERNATIVES 109045263 F REAL ASSETS 7163297 F PRIVATE EQUITY 141996853 F 324235235 ADVANCES FROM FEDERAL GOVERNMENT 1001922 1001922 X PART III, LINE 1A: SFAS 116 THE ORGANIZATION ELECTED, AS PERMITTED UNDER SFAS 116, NOT TO REPORT IN ITS REVENUE STATEMENT AND BALANCE SHEET WORKS OF ART, HISTORICAL TREASURES, OR OTHER SIMILAR ASSETS HELD FOR PUBLIC EXHIBITION, EDUCATION, OR RESEARCH IN FURTHERANCE OF PUBLIC SERVICE. THERE IS NO FINANCIAL STATEMENT FOOTNOTE DISCLOSURE THAT DESCRIBES THESE ITEMS. PART III, LINE 4: ART COLLECTION THE COLLEGE'S PERMANENT COLLECTION OF ART - INCLUDING HISTORICALLY SIGNIFICANT PAINTINGS, SCULPTURE, AND WORKS ON PAPER - IS AN ACADEMIC RESOURCE THAT OFFERS STUDENTS, FACILITY, AND STAFF FIRST-HAND ENGAGEMENT WITH IMPORTANT ORIGINAL WORKS OF ART. OBJECT LESSONS, WORKSHOPS, CONSERVATION PROJECTS, EXHIBITIONS, AND THEMATIC PROGRAMS DEMONSTRATE THE VARIOUS WAYS THAT THE PERMANENT HOLDINGS ARE USED TO EXPAND, COMPLEMENT, AND ENHANCE THE ACADEMIC CURRICULUM. PART V, LINE 4: INTENDED USES OF ORGANIZATION'S ENDOWMENT FUNDS INVESTMENT IN A MIX OF SECURITIES TO PROVIDE SUFFICIENT INCOME TO SUPPORT THE COLLEGE'S OPERATIONS IN ACCORDANCE WITH DONOR WISHES, WHILE PRESERVING EQUITY. PART X, LINE 2: FIN 48 (ASC 740) FOOTNOTE THE COLLEGE IS RECOGNIZED AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX 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 REVIEWS ITS TAX POSITIONS ANNUALLY AND HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS AT JUNE 30, 2020 OR 2019. 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 A STATEMENT OF THE COLLEGE'S RACIALLY NON-DISCRIMINATORY POLICY IS INCLUDED IN ALL BROCHURES AND CATALOGS IN ACCORDNACE WITH THE PROVISIONS OF REV. PROC. 75-50. SCHEDULE E, PART I, LINE 6 FINANCIAL AID ASSISTANCE FROM GOVERNMENTAL AGENCY THE FINANCIAL AID ASSISTANCE IS RECEIVED FROM THE FEDERAL GOVERNMENT, STATE OF GEORGIA, AND OTHER STATES. OTHER ASSISTANCE IS RECEIVED FROM FEDERAL GOVERNMENT, STATE OF GEORGIA, AND THE CITY OF ATLANTA. 1 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STUDY ABROAD 88138 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES STUDY ABROAD 3460 SOUTH ASIA 0 0 PROGRAM SERVICES STUDY ABROAD 31640 0 0 0 0 0 0 123238 0 123238 1 0 1 1 0 0 PART I, LINE 2: STUDENT FINANCIAL AID STUDENT FINANCIAL AID AWARDS ARE AWARDED TO STUDENTS BY THE COLLEGE'S OFFICE OF STUDENT FINANCIAL SERVICES. AWARDS ARE BASED ON A NUMBER OF FACTORS INCLUDING, BUT NOT LIMITED TO, SCHOLARLY ACHIEVEMENT, DEMONSTRATED FINANCIAL NEED, AND ACADEMIC INTERESTS. FUNDS ARE PROVIDED BY SOURCES SUCH AS FEDERAL AND STATE GOVERNMENTS; PRIVATE DONORS SUCH AS CORPORATIONS, INDIVIDUALS AND FOUNDATIONS; THE COLLEGE'S ENDOWED FINANCIAL AID FUNDS; AND THE COLLEGE'S OPERATING BUDGET. FINANCIAL AID AWARDS ARE MADE UP TO A LIMIT OF THE STUDENT'S FINANCIAL NEED. INDIVIDUAL AWARDS ARE MONITORED EXTENSIVELY IN ORDER TO ENSURE THAT STUDENTS ARE MAKING SATISFACTORY ACADEMIC PROGRESS AND THAT THEY DO NOT RECEIVE MORE THAN THEIR DEMONSTRATED NEED. ADJUSTMENTS ARE MADE WHEN APPROPRIATE. PART III ACCOUNTING METHOD: X X X X X 1 ADVIZOR 1333 BUTTERFIELD RD DOWNERS GROVE IL 60515 FUNDRAISING CONSULTANT 0 0 35000 0 COMMUNITY COUNSELING SERVICE 527 MADISON AVE NEW YORK NY 10022 FUNDRAISING CONSULTANT 0 0 222165 0 INTEGRATED FUNDAMENTALS INC 900 WINDCREST PL SW ATLANTA GA 30331 FUNDRAISING CONSULTANT 0 0 10285 0 INVIEW SOLUTIONS 830 GLENWOOD AVE ATLANTA GA 30316 FUNDRAISING CONSULTANT 0 0 6750 0 274200 GA NY 1 AGNES SCOTT COLLEGE 141 E COLLEGE AVE DECATUR GA 30030 580566116 501(C)(3) 14523 SUB CONTRACT CITY OF GRAMBLING 127 KING ST GRAMBLING LA 71245 726013932 GOVT 5500 SUB CONTRACT DUKE UNIVERSITY 324 BLACKWELL ST WASHING BLDG 850 DURHAM NC 27701 560532129 501(C)(3) 23460 SUB CONTRACT GEORGIA STATE UNIVERSITY PO BOX 2668 ATLANTA GA 30301 586033185 501(C)(3) 69455 SUB CONTRACT WINSTON SALEM STATE UNIVERSITY CAMPUS BOX 19537 WINSTONSALEM NC 27110 560989620 501(C)(3) 16897 SUB CONTRACT 5 0 STUDENT FINANCIAL AID 2190 19853022 PART I, LINE 2: STUDENT FINANCIAL AID STUDENT FINANCIAL AID AWARDS ARE AWARDED TO STUDENTS BY THE COLLEGE'S OFFICE OF STUDENT FINANCIAL SERVICES. AWARDS ARE BASED ON A NUMBER OF FACTORS INCLUDING, BUT NOT LIMITED TO, SCHOLARLY ACHIEVEMENT, DEMONSTRATED FINANCIAL NEED, AND ACADEMIC INTERESTS. FUNDS ARE PROVIDED BY SOURCES SUCH AS FEDERAL AND STATE GOVERNMENTS; PRIVATE DONORS SUCH AS CORPORATIONS, INDIVIDUALS AND FOUNDATIONS; THE COLLEGE'S ENDOWED FINANCIAL AID FUNDS; AND THE COLLEGE'S OPERATING BUDGET. FINANCIAL AID AWARDS ARE MADE UP TO A LIMIT OF THE STUDENT'S FINANCIAL NEED. INDIVIDUAL AWARDS ARE MONITORED EXTENSIVELY IN ORDER TO ENSURE THAT STUDENTS ARE MAKING SATISFACTORY ACADEMIC PROGRESS AND THAT THEY DO NOT RECEIVE MORE THAN THEIR DEMONSTRATED NEED. ADJUSTMENTS ARE MADE WHEN APPROPRIATE. X X X 1 1 X X X X X X 0 1 0 0 0 0 0 0 0 MARY SCHMIDT CAMPBELL PHD PRESIDENT 432943 0 0 0 0 0 24600 0 9337 0 466880 0 0 0 ROBERT D FLANIGAN JR CHIEF INVESTMENT OFFICER/TREASURER 353917 0 0 0 0 0 19600 0 9351 0 382868 0 0 0 SHARON DAVIES PROVOST 324300 0 0 0 0 0 19600 0 9642 0 353542 0 0 0 JANE SMITH VP FOR COLLEGE RELATIONS 265565 0 0 0 0 0 12936 0 8592 0 287093 0 0 0 JESSIE BROOKS VP OF INSTITUTIONAL ADVANCEMENT 236537 0 0 0 0 0 16460 0 1879 0 254876 0 0 0 MYRA BURNETT VP INSTITUTIONAL RESEARCH 210540 0 0 0 0 0 15150 0 9723 0 235413 0 0 0 TERRI REED SECRETARY OF THE COLLEGE 210819 0 0 0 0 0 14856 0 9584 0 235259 0 0 0 DAWN ALSTON CFO & VP OF BUS AND FIN AFFIARS 187476 0 0 0 0 0 11973 0 8774 0 208223 0 0 0 JOHNNELLA BUTLER PROFESSOR 180559 0 0 0 0 0 12850 0 8424 0 201833 0 0 0 DARRYL HOLLOMAN VP ACADEMIC AFFAIRS 178108 0 0 0 0 0 13020 0 8717 0 199845 0 0 0 JULIE DASH PROFESSOR 183177 0 0 0 0 0 7360 0 8533 0 199070 0 0 0 INGRID HAYES SVP OF ENROLLMENT MANAGEMENT 169833 0 0 0 0 0 7049 0 9163 0 186045 0 0 0 HELGA GREENFIELD ASSOC DIR OF GOV'T RELATIONS 163611 0 0 0 0 0 11619 0 8716 0 183946 0 0 0 RHONDA HONEGAN DIRECTOR OF INVESTMENT 158042 0 0 0 0 0 11971 0 8741 0 178754 0 0 0 BERNADETTE COHEN DIRECTOR OF HUMAN RESOURCES 158295 0 0 0 0 0 11394 0 8695 0 178384 0 0 0 PART I, LINE 1A HEALTH/SOCIAL CLUB DUES SOCIAL CLUB DUES WERE PAID FOR SCHMIDT-CAMPBELL IN THE AMOUNT OF $1,130. THE VALUE OF THESE DUES WAS NOT TREATED AS TAXABLE COMPENSATION. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE HOUSING VALUED AT $29,035 WAS PROVIDED TO SCHMIDT-CAMPBELL. THE VALUE OF THE HOUSING WAS NOT TREATED AS TAXABLE COMPENSATION. PERSONAL SERVICES A DRIVER WAS PROVIDED TO SCHMIDT-CAMPBELL. THE VALUE WAS NOT TREATED AS TAXABLE COMPENSATION AS THE SERVICE WAS ONLY PROVIDED TO CONDUCT SPELMAN COLLEGE RELATED BUSINESS. PART I, LINE 4B SPELMAN COLLEGE PROVIDES CERTAIN EXECUTIVES A SUPPLEMENTAL RETIREMENT PROGRAM. THE PROGRAM IS DEFINED AS DEFERRED COMPENSATION UNDER THE IRC SECTION 457(F). THE UNVESTED ACCOUNT BALANCES ARE ASSETS OF THE ORGANIZATION AND ARE INCLUDED IN OTHER ASSETS, AND THE ACCRUED EXPENSE IS INCLUDED IN PENSION LIABILITY AND OTHER IN THE ACCOMPANYING CONSOLIDATED BALANCE SHEETS. THE AMOUNTS REPORTED IN THE CURRENT YEAR'S DEFERRED COMPENSATION INCLUDES RECOGNITION OF PAST SERVICE. THE AMOUNTS ARE SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE. ANY DEFERRED CONTRIBUTIONS TO THIS PLAN WILL BE REPORTED AGAIN AS REPORTABLE COMPENSATION IN THE YEAR PAID. MARY SCHMIDT-CAMPBELL'S RETIREMENT AND DEFERRED COMPENSATION REPORTED ON PART II, COLUMN C IS COMPRISED OF $5,000 WHICH IS 457(B) AND 45(F) FORFEITURE DEFERRED COMPENSATION PAYABLE IN ACCORDANCE WITH HER EMPLOYMENT CONTRACT. A PRIVATE COLLEGES & UNIVERSITIES AUTHORITY 581407790 74265LQB7 2003-01-30 30800673 1 0 0 B DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 3599002L0 2012-04-19 28349973 0 0 0 C DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 3599006W2 2015-04-21 60338401 0 0 0 A 11535000 17010000 31540044 1174957 491087 23660980 6213020 2007 0 1 1 1 B 17580000 28349973 460658 27889315 2012 1 1 1 1 C 60338401 655536 59682865 2017 0 1 1 1 B 0 0 1 1 0 0.00470 0.00470 1 0 1 C 0 0 1 1 0 0.02420 0.02420 1 0 1 A 1 0 0 0 1 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 SCHEDULE K, PART I, COLUMN F PRIVATE COLLEGES & UNIVERSITY AUTHORITY: A-1. CONSTRUCTION, RENOVATIONS AN EQUIPPING OF COLLEGE FACILITIES; 2003 PROCEEDS USED: $23,660,980. A-2. ADVANCE REFUNDING OF A PORTION OF PRIVATE COLLEGE AND UNIVERSITIES REVENUE BONDS (SPELMAN COLLEGE PROJECT), SERIES 1994, ISSUANCE DATE: JULY 21, 1994; 2003 PROCEEDS USED: $6,213,020. THE REMAINING OUTSTANDING 2003 BONDS ARE ALLOCABLE TO THE 1994 REFUNDING. BECAUSE THE OUTSTANDING 2003 ARE ALLOCABLE TO A PRE-2003 BOND ISSUE, PART III HAS NOT BEEN COMPLETED. DEVELOPMENT AUTHORITY OF FULTON COUNTY: B-1. ADVANCE REFUNDING OF A PORTION OF PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY SPELMAN COLLEGE REVENUE BONDS, SERIES 2003. ISSUANCE DATE: JANUARY 30, 2003; PROCEEDS USED - $18,272,757 B-2. CURRENT REFUNDING OF A COMMERCIAL NOTE, DATED OCTOBER 29, 2008; PROCEEDS USED - $6,424,005; ISSUED TO FUND COSTS OF A NEW DORMITORY, CAMPUS LANDSCAPE PROJECTS, AND CAMPUS INFRASTURCTURE. B-3. CURRENT REFUNDING OF A COMMERCIAL NOTE, DATED FEBRUARY 28, 2010; PROCEEDS USED - $3,192,547; ISSUED TO ACQUIRE LAND FOR CAMPUS EXPANSION. C. - ADVANCE REFUNDING OF A PORTION OF THE DEVELOPMENT AUTHORITY OF FULTON COUNTY SPELMAN COLLEGE REVENUE BONDS, SERIES 2007; ISSUANCE DATE: MARCH 21, 2007; PROCEEDS USED $59,682,865. SCHEDULE K, PART II, LINE 3 TOTAL PROCEEDS DO NOT MATCH ISSUE PRICE DUE TO INVESTMENT EARNINGS. SCHEDULE K, PART III A - PART III HAS NOT BEEN COMPLETED AS THE OUTSTANDING 2003 BONDS ARE ALLOCABLE TO THE REFUNDING OF SERIES 1994 BONDS AND SECTION III IS NOT REQUIRED TO BE COMPLETED FOR REFUNDINGS OF PRE-2003 BONDS. SCHEDULE K, PART IV, LINE 2C DEVELOPMENT AUTHORITY OF FULTON COUNTY: B - REBATE COMPUTATION WAS PERFORMED 4/19/2017. C - REBATE COMPUTATION WAS PERFORMED - 2020 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS A REPRESENTATIVE OF ERNST & YOUNG, U.S. LLP WILL PRESENT THE 990 TO THE BUDGET AND FINANCE COMMITTEE OF THE BOARD OF TRUSTEES. THE CHAIRMAN OF THE BUDGET AND FINANCE COMMITTEE WILL PRESENT THE DRAFT 990 TO THE FULL BOARD OF TRUSTEES. THE FINAL COPY OF THE 990 WILL BE PLACED ON THE TRUSTEES' INTRANET FOR THEIR REVIEW PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY EMPLOYEES ARE REQUIRED TO SIGN A CONFLICT OF INTEREST DISCLOSURE UPON THEIR INITIAL HIRING. THE COLLEGE HAS A WRITTEN CONFLICT OF INTEREST POLICY IN ITS EMPLOYEE HANDBOOK. IF HUMAN RESOURCES BECOMES AWARE OF A CONFLICT, THE EMPLOYEE IS NOTIFIED AND REQUIRED TO SUBMIT A CONFLICT OF INTEREST STATEMENT, WHICH IS FILED IN THE EMPLOYEE'S PERSONNEL FILE. ALL TRUSTEES, BOARD REPRESENTATIVES AND SENIOR TEAM MEMBERS MUST COMPLETE AND SIGN A CONFLICT OF INTEREST FORM ON AN ANNUAL BASIS. COMPLIANCE IS MONITORED AND A SUMMARY IS PROVIDED TO THE SECRETARY OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING COMPENSATION THE COMPENSATION OF THE COLLEGE'S PRESIDENT IS DETERMINED AS FOLLOWS: COMPARABILITY STUDIES ARE PERFORMED BY AN INDEPENDENT THIRD PARTY COMPENSATION CONSULTANT. IT IS THE COLLEGE'S GOAL THAT THE PRESIDENT'S COMPENSATION BE IN THE 50TH-75TH PERCENTILE OF THE COLLEGES AND UNIVERSITIES USED IN THE COMPARABILITY SURVEY. THE EXECUTIVE COMMITTEE OF THE BOARD APPROVES THE PRESIDENT'S COMPENSATION. THE COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES IS DETERMINED BY THE PRESIDENT. THE PRESIDENT RECOMMENDS THE COMPENSATION FOR THESE INDIVIDUALS. THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS AND APPROVES THE COMPENSATION. FOR THESE INDIVIDUALS, COMPENSATION STUDIES ARE PERFORMED BY AN INDEPENDENT THIRD PARTY FIRM OR THE COLLEGE'S HUMAN RESOURCES DEPARTMENT. FORM 990, PART VI, SECTION C, LINE 19 MAKING DOCUMENTS AVAILABLE TO THE PUBLIC SPELMAN COLLEGE MAKES ITS AUDITED FINANCIAL STATEMENTS AVAILABLE ON ITS WEBSITE. SPELMAN COLLEGE DOES NOT MAKE ITS GOVERNING DOCUMENTS OR CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. HOWEVER, THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: ENDOWMENT EXPENSE ADJUSTMENT 9,008. SPELMAN COLLEGE SPECIAL VENTURES FUND 350 SPELMAN LANE SW ATLANTA GA 30314 581561343 INVESTMENTS GA 501(C)(3) LINE 12A, I SPELMAN COLLEGE 1 COLLEGIATE PROPERTY DEVELOPMENT COMPANY 350 SPELMAN LANE SW ATLANTA GA 30314 311636865 ACQUIRE PROPERTY GA 501(C)(2) N/A SPELMAN COLLEGE 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 SPELMAN COLLEGE SPECIAL VENTURES FUND INC S 49599362 COST