2020-05-06T09:11:00-05:00 2019-06-30 580692043 Mauldin & Jenkins LLC 200 Galleria Pkwy SE Ste 1700 Atlanta GA 303395946 990 2018-07-01 580566116 Agnes Scott College AGNE 4044716308 141 East College Avenue Decatur GA 30030 Ken England VP Business/Finance 4044716308 2020-04-23 1 Mary Jo Alexander P00002534 7709558600 2020-04-23 50.192.51.169 2020-04-23 10:51:50 ED P 2421D3F73B308AA5F8DA8A144E2F4C6CF0A10295 A8C9CE14AC7AF9BC8E96570F9AC004DF9F26C263 2018 2021-01-29 14:40:06Z Leocadia I Zak 141 East College Avenue Decatur GA 30030 270320744 0 X www.agnesscott.edu X 1889 GA Educating women to think deeply, live honorably & engage the challenges of their times. 28 28 997 916 -167807 -1218214 8128130 16366397 46746330 52357446 9946564 8401603 1000413 974657 65821437 78100103 23362113 26608357 0 0 28144513 29789609 0 0 2409729 29294708 29863789 80801334 86261755 -14979897 -8161652 363893968 356654283 80575061 84899491 283318907 271754792 X Founded in 1889, Agnes Scott College is an independent liberal arts college for women whose mission is to educate women to think deeply, live honorably and engage the intellectual and social challenges of their times. 0 0 26518173 26608357 Student aid encompasses direct financial aid provided by the college to facilitate its students' pursuit of a college education. 19516827 40495000 Instruction is provided by full-time faculty and part-time faculty members representing numerous academic departments. 7650076 11135252 Academic support comprises information technology services, registrar, academic advising, faculty services, library, etc. These administrative offices assist the college in its educational mission. 9313861 172610 All other program services. 9313861 172610 62998937 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 1 0 0 0 1 194 0 1 997 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 28 28 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X Lai Chan Controller 4044716308 141 East College Avenue Decatur GA 30030 Ronald E Alston TRUSTEE 2.00 0.40 X 0 0 0 Gail Savage Glover TRUSTEE 2.00 0.40 X 0 0 0 Francis S Blake TRUSTEE 2.00 0.40 X 0 0 0 Sarah Walker Guthrie TRUSTEE 2.00 0.40 X 0 0 0 Mary Brown Bullock TRUSTEE 2.00 0.40 X 0 0 0 Mary Lou Cornwall Hawkes TRUSTEE 2.00 0.40 X 0 0 0 Loucy Tittle Hay TRUSTEE 2.00 0.40 X 0 0 0 Deborah Harris Painter TRUSTEE 2.00 0.40 X 0 0 0 Elizabeth Daniel Holder CHAIRPERSON OF THE BOARD 2.00 0.40 X X 0 0 0 Adrian Cronje TRUSTEE 2.00 0.40 X 0 0 0 E Ann Glendinning TRUSTEE 2.00 0.40 X 0 0 0 Quinton R Martin TRUSTEE 2.00 0.40 X 0 0 0 Elizabeth A Shiroishi TRUSTEE 2.00 0.40 X 0 0 0 Margaret D McCray-Finke TRUSTEE 2.00 0.40 X 0 0 0 Elizabeth McGregor Simmons TRUSTEE 2.00 0.40 X 0 0 0 Portia Owen Morrison VICE CHAIRPERSON 2.00 0.40 X X 0 0 0 Bernie Todd Smith TRUSTEE 2.00 0.40 X 0 0 0 Elizabeth Hardy Noe TRUSTEE 2.00 0.40 X 0 0 0 Jessica H Owens TRUSTEE 2.00 0.40 X 0 0 0 John R Swallow TRUSTEE 2.00 0.40 X 0 0 0 Pamela A Tipton TRUSTEE 2.00 0.40 X 0 0 0 Charles S Shapiro TRUSTEE 2.00 0.40 X 0 0 0 Duriya M Farooqui TRUSTEE 2.00 0.40 X 0 0 0 Tawana Lee Ware TRUSTEE 2.00 0.40 X 0 0 0 Kathryn M Scott TRUSTEE 2.00 0.40 X 0 0 0 Douglas A Hicks TRUSTEE 2.00 0.40 X 0 0 0 Giselle Fernandez Martin TRUSTEE 2.00 0.40 X 0 0 0 Joanne D Smith TRUSTEE 2.00 0.40 X 0 0 0 Lea Ann Hudson Secretary/Associate VP 40.00 0.40 X 109559 0 22721 Leocadia I Zak College President, ex-officio 40.00 0.40 X 210850 0 8530 Robiaun Charles VP for College Advancement 40.00 X 182039 0 29922 Christine Cozzens Interim VP for Academic Affairs/Dean of College 40.00 X 107722 0 8812 Kenneth England VP for Business and Finance 40.00 X 87633 0 3858 Alexa Gaeta VP for Enrollment and Dean of Admission 40.00 X 170381 0 29203 Karen Goff VP for Student Life and Dean of Students 40.00 X 178656 0 12455 John Hegman VP for Business and Finance - retired 40.00 X 199044 0 30411 Elizabeth Kiss College President, 40.00 X 228436 0 27614 Danita Knight VP for Communications and Marketing 40.00 X 160600 0 15840 Kerry Pannell VP Academic Affairs and Dean of College 40.00 X 185226 0 21592 Christopher Depree Professor of Astronomy 40.00 X 145855 0 26067 Thomas Will Professor of Business Management 40.00 X 137615 0 27683 Karen Gilbert Associate VP for Human Resources 40.00 X 123500 0 19416 Rafael Ocasio Faculty Fellow for Center for Global Diversity 40.00 X 117915 0 16136 LaNeta Counts Associate VP for Technology 40.00 X 117293 0 16544 2462324 0 316804 28 0 1 0 Holder Construction Group LLC 3300 Riverwood Parkway Suite 1200 Atlanta GA 303393967 Construction/Contractor 7310093 Aramark Services Inc 141 E College Ave Decatur GA 30030 Food service contractor 3016394 Padgett Services LLC 140 Mountain Brook Dr Canton GA 30115 HVAC & Mechanical Maintenance 870046 Hogan Construction Group LLC 5075 Avalon Ridge Parkway Norcross GA 30071 Construction/Contractor 763780 Jenkins & Peer Architects 112 South Tryon Street Charlotte NC 28284 Architects/Contractor 647465 10 9550 848958 15507889 1288555 16366397 Tuition & Fee Income 611600 40495000 40495000 Auxiliary Enterprises 611710 11689836 11135252 554584 Research grants/Colleg 611710 167135 167135 Departmental Income 611600 5475 5475 52357446 4504748 -722391 5227139 456386 299327 157059 157059 157059 195818169 191921314 3896855 3896855 3896855 3800 9550 0 3800 3800 Student Health Insurance 900099 666192 666192 Miscellaneous Income 900099 100428 100428 Vending & Parking Services Fees 900099 47178 47178 813798 78100103 51802862 -167807 10098651 X 90184 90184 26518173 26518173 1892586 711448 975705 205433 20532080 15332804 4012039 1187237 1266329 960175 232906 73248 4632029 2528253 1909065 194711 1466585 1116692 266797 83096 37709 37709 91665 91665 1355498 1355498 8889411 3432549 5119174 337688 3160741 2347831 627477 185433 1500071 1458701 31235 10135 1192854 723748 448656 20450 1730199 1633165 66621 30413 1303110 572491 648734 81885 2252489 1241194 1011295 5446739 3013215 2433524 556203 556203 Equipment Rental & Main 774052 306207 467845 Student Insurance 773303 773303 Equipment Purchases 691932 232243 459689 Property Tax & Other Ta 101252 101252 6561 6561 86261755 62998937 20853089 2409729 6855086 11008992 13072 5232518 5924589 338677 415438 434951 436659 205521358 94761216 111693858 110760142 87771174 163865752 143564192 56560770 8003512 7668869 363893968 356654283 9761559 9128729 1391710 1068623 56582381 57370331 755649 3496488 12083762 13835320 80575061 84899491 X 62698475 63711137 133499711 116897460 87120721 91146195 283318907 271754792 363893968 356654283 X -8161652 -1686843 -1715620 X X 0 1 X 1 1 1 X 11744521 7349831 14964981 8128130 15517439 57704902 11744521 7349831 14964981 8128130 15517439 57704902 7472324 50232578 4823560 3412930 4032436 4370658 4961134 21600718 782616 690584 813799 2286999 81592619 222717080 0.61570 0.62540 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 229425820 4880121 4886520 22050015 217142446 229886873 3739246 16985076 21185375 229425820 223093814 1541421 25910052 20658414 229886873 261445879 1420617 -17697344 2949646 19135692 223093814 272331405 1398256 8192948 2345543 18121186 261455879 0.09170 0.38160 0.52670 0 0 1511889 1511889 187776187 85024122 102752065 15798330 9737094 6061236 434952 434952 110760142 Commingled Funds 27059021 F Real Estate Partnerships 2087039 F Hedge Funds 1224389 F Real Asset Funds 9028018 F Private Equity 11803034 F Split Interest Agreements 5359269 F 56560770 Accrued Post Retirement Benefit 13835320 13835320 X 48986934 -1686843 7896 1288407 -390540 49377474 1355498 27367131 28722629 78100103 59745704 7896 1349724 1357620 58388084 1355498 26518173 27873671 86261755 Part III, Line 1a: All other contributions of assets other than cash, including contributions of art, historical treasures, and similar assets held as part of a collection, are not recognized as revenue or capitalized. Part III, Line 4: The College's collection consists of art objects that cover a broad range of history, media, and attitudes. It is held for public exhibition, preservation for future generations, scholarly research, and educational purposes. Contributed collection items are not reflected on the consolidated financial statements. Proceeds from deaccessions or insurance recoveries are reflected as increases in the appropriate net asset classes. Donations of artwork are accepted with consideration to how they will benefit the campus learning environment. The collection items are subject to a policy that requires proceeds from their sales to be used for the acquisition of new collection item(s). During the fiscal years ending June 30, 2019 and 2018, no sales of collection items occurred and no collection items were given away, damaged, destroyed, lost, or otherwise deaccessed. Part V, Line 4: Endowment Funds are used to support the general operations of the College, to provide scholarships to the students and for the furtherance of academic programs. Part X, Line 2: The College is recognized by the Internal Revenue Service as an organization exempt from federal income tax under Section 501(a) of the Internal Revenue Code as an organization described in Section 501(c)(3), except for taxes on income from activities unrelated to its exempt purpose. The College evaluates its uncertain tax positions using the provisions of Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 740 Income Taxes. The College follows the criterion that an individual tax position has to meet the relevant technical requirements for the position to be recognized in the College's consolidated financial statements. The College determined that the relevant tax authority would more likely than not sustain the tax position following an audit. The College has applied this criterion to all tax positions for which the statute of limitations remains open. The College has a policy to record interest and penalties (if any) related to income tax matters in income tax expense. The College has determined that its tax positions satisfy the more likely than not criterion and that no provision for income taxes is required at June 30, 2019 and 2018. For the years ended June 30, 2019 and 2018, no interest and penalties were recorded. Part XI, Line 2d - Other Adjustments: Rental Exp 299,327. Avery Property Income 1,386,407. Change in value of split-interest agreements -397,327. Part XI, Line 4b - Other Adjustments: Student Aid Treated as Contra-Revenue 26,518,173. Contribution from Consolidated Related Entity 848,958. Part XII, Line 2d - Other Adjustments: Avery Property Expense 1,050,397. Reclass of Rent Expense to Revenue 299,327. Part XII, Line 4b - Other Adjustments: Student Aid Treated as Contra-Revenue 26,518,173. PART III, LINE 1A: Contributed collection items are not reflected on the financial statements. Proceeds from the deaccessions or insurance recoveries are reflected as increases in the appropriate net asset classes. Donations of artwork are accepted with consideration to how they will benefit the campus learning environment. The collection items are subject to a policy that requires proceeds from their sales to be used for the acquisition of new collection item(s). During the fiscal years ending June 30, 2019 and June 30, 2018, no sales of collection items occurred and no collection items were given away, damaged, destroyed, lost or otherwise deaccessed. PART III, LINE 4: The Agnes Scott college permanent collection is a living, eclectic gathering of artwork that encompasses a broad range of history, media and attitudes. Complementing the permanent collection is the dynamic programming of the Dalton gallery, which organizes temporary exhibitions designed to promote an understanding of the arts. It is located at the heart of the Dana fine arts building, a structure built in 1965 and designed by John Portman, which houses the art history and studio art department. It also houses the theatre department. In support of the mission of the college, the focus of new acquisitions is largely but not exclusively works by women artists on paper. Artwork is selected and donations accepted with consideration to how they will benefit the campus learning environment. The collection is actively used within the arts curriculum and across disciplines. The art department offers three undergraduate majors, including studio art and art history, to students. In addition, students write visual analyses of works and five tours to the public. Informative wall text is researched and written by students under the guidance of faculty. Works by Agnes Scott students are embraced into the overall display, including a vibrant body of self-portrait woodblock prints that are sited in dorms and public buildings. Furthermore, along with a student show, the gallery presents two exhibits a year which include a roster of local, national, and international professional artists and are organized around an inclusive theme that engages contemporary issues, focusing not only on the world of art but also on the larger global conversation. Having such a dynamic teaching collection borne from a mission of education enriches the learning environment and connects the viewer in a timeless dialogue. PART V, LINE 4: Endowment funds are used to support the general operations of the college, to provide scholarships to the students and for the furtherance of academic programs. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Our nondiscriminatory policy is made known to the general community through our catalogs, brochures, admissions applications and on our website. Schedule E, Part I, Line 6 Agnes Scott College is the recipient of the following federal aid programs: Pell grants, supplemental education opportunity grants, federal work study grants, national institute of health research grants and national science foundation research grants. 1 Ballykeel Inc 141 East College Avenue Decatur GA 30030 582338224 501(c)(3) 90184 Agnes Scott solely transfers to Ballykeel the funds to pay the annual lease payment for 1 0 Student Scholarships 198 4210247 Book Value Tuition Scholarships Regular Grants 929 18409138 Book Value Tuition Grants RTC and SEOG Grants 459 3580859 Book Value Study Abroad Grants Work Study 255 317929 Book Value Work Study Grants Part I, Line 2: To ensure that the grants made to individuals in the United States, other than work study grants, are used for proper purposes and are not otherwise diverted from the intended use, the faculty department that has budgetary control of the funds selects and monitors the recipients of these grants. For work study grants, the faculty or administrative department where the student's work was performed approves all student work hours and submits paperwork to the payroll office for payment to the student. PART II, LINE 1, COLUMN (H): Name of organization or government: Ballykeel, Inc. (H) purpose of grant or assistance: Agnes Scott solely transfers to Ballykeel the funds to pay the annual lease payment for property held by Ballykeel, a supporting organization of Agnes Scott. The amount is determined pursuant to a review of the lease terms. X 1 1 X X X 0 0 0 0 0 0 0 0 0 Leocadia I Zak College President, ex-officio 162500 0 0 0 48350 0 0 0 8530 0 219380 0 0 0 Robiaun Charles VP for College Advancement 163039 0 0 0 19000 0 12391 0 17531 0 211961 0 0 0 Alexa Gaeta VP for Enrollment and Dean of Admiss 153581 0 0 0 16800 0 11672 0 17531 0 199584 0 0 0 Karen Goff VP for Student Life and Dean of Stud 159456 0 0 0 19200 0 12119 0 336 0 191111 0 0 0 John Hegman VP for Business and Finance - retire 194777 0 0 0 4267 0 14803 0 15608 0 229455 0 0 0 Elizabeth Kiss College President, 200327 0 0 0 28109 0 15225 0 12389 0 256050 0 0 0 Danita Knight VP for Communications and Marketing 160600 0 0 0 0 0 8152 0 7688 0 176440 0 0 0 Kerry Pannell VP Academic Affairs and Dean of Coll 174026 0 0 0 11200 0 13226 0 8366 0 206818 0 0 0 Christopher Depree Professor of Astronomy 111197 0 0 0 34658 0 8536 0 17531 0 171922 0 0 0 Thomas Will Professor of Business Management 99420 0 0 0 38195 0 7556 0 20127 0 165298 0 0 0 PART I, LINE 1A The college provides a residence for personal use to the president and five of the other officers. The housing is excluded from taxable income under IRS code section 119 and included in column D in schedule J, Part II. A Universities Authorities 2015A 581407780 74265LD96 2015-05-14 20865000 To refund prior issues 02/28/2009 0 0 0 B Universities Authorities 2019A 581407780 74265LQ27 2019-05-09 37640438 To refund prior issues 07/09/2009 and 05/14/15 0 0 0 A 20453014 335887 1 0 1 1 B 37640438 573155 1 0 1 1 A 0 0 0 0 1 0 0 B 0 0 0 0 1 0 0 A 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 1 A 1 B 1 Holder Construction Group LLC Trustee is > 35% owner 7310093 Building Renovation project 0 Sch L, Part IV, Business Transactions Involving Interested Persons: (a) Name of person: Elizabeth Holder(d) Description of transaction: building construction services X 1 0 X 40 1288555 Fair Market Value 0 0 1 1 Part I, Column (b): Number of contributors. Part I, Line 32b: The college uses third parties to sell and process noncash contributions that are securities, real estate, or vehicles. For securities, the college's brokerage to sell on day of receipt at fair market value. Form 990, Part VI, Section B, line 11b The vice president of business & finance performs a detailed review of the form 990 before filing the return. The president of the college and the board of trustees will receive a copy of this return for review before filing. The other members of the board will receive a copy of the form 990 prior to filing. Form 990, Part VI, Section B, line 12c On a yearly basis, every college officer and each member of the college's board of trustees is required to sign the policy and disclose whether they have any conflicts. The secretary of the board of trustees oversees the receipt of these policies and reports to the chairman of the board of trustees if any conflict is noted. Form 990, Part VI, Section B, line 15 The compensation of the president of the college is reviewed and approved by the board of trustees. For its review and discussion, the board uses comparable compensation information. Contemporaneous documentation of its discussions is recorded in the minutes of the board of trustees. The compensation for all other certain executive employees is negotiated by the president of the college and human resources. Form 990, Part VI, Section C, line 18 The college makes its annual audited financial statements available to the public upon request and approval of the V.P. for Business and Finance. Form 990, Part VI, Section C, line 19 The college does not make its governing documents and conflict of interest policy available to public inspection. Form 990, Part IX, line 11g Contract Services: Program service expenses 3,432,549. Management and general expenses 5,119,174. Fundraising expenses 337,688. Total expenses 8,889,411. Form 990, Part XI, line 9: Postretirement benefit related changes other than net periodic pension cost -1,231,469. Loss on extinguishment of debt -86,824. Loss in Value of Split Interest Agreement -397,327. Part XII Line 2c The selection process for auditors has not changed. Avery Properties Inc 141 E College Ave Decatur GA 30030 582328397 Real Estate GA 501(c)(3) LINE 11B , II Agnes Scott College 1 Ballykeel Inc 141 E College Ave Decatur GA 30030 582338224 Holding Co GA 501(c)(3) LINE 11B , II Agnes Scott College 1 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 Avery Properties Inc C 848958 Cash Received Ballykeel Inc B 90184 Cash Contributed Avery Properties Inc K 1054150 Lease Payments