2020-05-27T08:10:10-05:00 2019-06-30 KPMG LLP 300 North Greene Street Suite 400 Greensboro NC 27401 990 2018-07-01 580566243 SPELMAN COLLEGE % DAWN ALSTON SPEL 4046813643 350 SPELMAN LANE SW ATLANTA GA 30314 DAWN ALSTON VP BUS & FIN AFFAIRS 4042705072 2020-05-15 true WHITNEY E BLAIR P01226647 3362753394 2020-04-14 199.206.0.5 56038220201485000001 2020-05-27 P DEC0CD6396BCAE59034D9E2C4B98C36F1EECE210 9BB97C21993E8286BEE1B5C06781AA451DDB11DF 2018 2021-01-29 14:40:06Z MARY SCHMIDT CAMPBELL 350 SPELMAN LANE SW ATLANTA GA 30314 312627273 false 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. 25 23 1548 719 -1285 -4805 52278096 29274287 80721017 83991900 34074219 22373611 1084084 1114474 168157416 136754272 19694341 18236698 0 0 52231140 56549713 172061 267392 4833781 47147237 43926229 119244779 118980032 48912637 17774240 615801515 625620827 89255975 84891998 526545540 540728829 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. false false 51295688 18061874 60619535 INSTRUCTION FOUNDED 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. 16753231 23372365 AUXILIARY ENTERPRISES AS 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. 4256126 RESEARCH SPELMAN COLLEGE PERFORMS RESEARCH, TRAINING AND OTHER SIMILAR SERVICES UNDER GRANTS WITH GOVERNMENTAL AGENCIES OR SPONSORING ORGANIZATIONS. 234332 PUBLIC SERVICE 9588712 ACADEMIC SUPPORT 12861164 STUDENT SERVICES 22684208 94989253 true true false true false false false true false true true true false false true true false true true false true false false true false false false true true true true false false false false false false false false false false true false false false false true true false false false true 4570 0 true 1548 true true true false false false false false false false false false false false X 25 23 false false false false false false false true true false false true true true true true true true true false GA NY X DAWN ALSTON 4042705077 350 SPELMAN LANE SW ATLANTA GA 30314 X Mary Schmidt Campbell President 34.0 1.0 X X 454119 0 79679 Walter R Allen PhD Trustee 2.0 0.0 X 0 0 0 Claire Arnold Trustee 2.0 0.0 X 0 0 0 Theodore R Aronson Trustee 2.0 1.0 X 0 0 0 Gena Hudgins Ashe Trustee 2.0 0.0 X 0 0 0 Rosalind G Brewer Trustee 2.0 0.0 X 0 0 0 Mary Brock Trustee 2.0 0.0 X 0 0 0 Janine Brown Trustee 2.0 0.0 X 0 0 0 Thomas H Castro Trustee 2.0 0.0 X 0 0 0 Mary Lynne Diggs Trustee 2.0 0.0 X 0 0 0 Kaye Foster Trustee 2.0 0.0 X 0 0 0 Cynthia E Jackson Trustee 2.0 0.0 X 0 0 0 Pamela Joseph Trustee 2.0 1.0 X 0 0 0 Mark Lee Faculty Trustee/Associate Prof 35.0 0.0 X 92444 0 18603 Richard D Legon Trustee 2.0 0.0 X 0 0 0 Nia Malone Student Trustee 2.0 0.0 X 0 0 0 Gwendolyn Adams Norton Trustee 2.0 0.0 X 0 0 0 Helen Smith Price Trustee 2.0 0.0 X 0 0 0 D'Rita Robinson Trustee 2.0 0.0 X 0 0 0 Loren Robinson Trustee 2.0 0.0 X 0 0 0 Suzanne F Shank Trustee 2.0 0.0 X 0 0 0 Ronda E Stryker Trustee 2.0 0.0 X 0 0 0 Colleen Taylor Trustee 2.0 0.0 X 0 0 0 Kathy N Waller Trustee 2.0 0.0 X 0 0 0 Celeste Watkins-Hayes Trustee 2.0 0.0 X 0 0 0 Mario Berry VP & Chief Information Officer 35.0 0.0 X 164319 0 25536 Jessie Brooks VP Institutional Advancement 35.0 0.0 X 229090 0 34538 Myra Burnett VP Institutional Research 35.0 0.0 X 211058 0 45693 Sharon Davies Provost 35.0 0.0 X 323900 0 49415 Robert Flanigan VP BUS & FIN AFFAIRS/TREASURER 30.0 5.0 X 360400 0 34115 Ingrid Hayes VP for Enrollment Management 35.0 0.0 X 171916 0 24272 Darryl Holloman VP Academic Affairs 35.0 0.0 X 129721 0 19095 Darnita Killian VP for Student Affairs 35.0 0.0 X 59858 0 11395 Terri Reed Secretary of the College 35.0 0.0 X 216528 0 43757 Jane Smith VP for College Relations 35.0 0.0 X 186107 0 30417 Johnnella Butler Professor 35.0 0.0 X 176800 0 28404 Bernadette Cohen Dir of Human Resources 35.0 0.0 X 154678 0 29744 Julie Dash Professor 35.0 0.0 X 164813 0 20756 Helga Greenfield Assoc Dir of GOV't Relations 35.0 0.0 X 160613 0 30173 Rhonda Honegan Director of Investments 35.0 0.0 X 154461 0 30850 3410825 0 556442 52 false true false ARAMARK DINING 350 SPELMAN LANE SW APT 1109 ATLANTA GA 303144395 DINING 5026152 ARAMARK FACILITY 350 SPELMAN LANE SW APT 1109 ATLANTA GA 303144395 FACILITY 1306113 SIEMENS INDUSTRY INC 1745 Corporate Drive Ste 240 NORCROSS GA 300932961 AUTOMATION SERVICES 1207429 CHESAPEAKE ASSET MANAGEMENT LLC ONE ROCKEFELLER PLAZA SUITE 2321 NEW YORK NY 10020 INVESTMENT MANAGERS 1155975 STUDIO GANG ARCHITECTS LTD 1520 W DIVISION ST CHICAGO IL 606423312 DESIGN SERVICES 1108472 27 11194 7645826 21617267 17193 29274287 TUITION AND FEES 900099 60619535 60619535 AUXILARY ENTERPRISES 900099 23372365 23372365 83991900 1780685 -1285 1781970 0 0 0 0 0 196465927 175873001 20592926 20592926 20592926 0 0 0 0 0 0 0 0 0 OTHER MISCELLANEOUS 900099 1114474 1114474 1114474 136754272 85106374 -1285 22374896 174824 174824 18061874 18061874 0 0 2559441 973286 1187863 398292 0 40789190 32057264 6182072 2549854 2206000 1920288 135259 150453 7927256 5452424 2047639 427193 3067826 2670494 188101 209231 0 307965 850 307094 21 299500 299500 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146635321 0 0 20391174 25405859 19285905 52278096 29274287 146635321 22746356 123888965 3704229 2676875 2904082 3713446 1780685 14779317 0 1066804 1193796 986998 1084084 1114474 5446156 166860794 389199659 0.74247 0.76113 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 72000 72000 false SCHEDULE C, PART II-B, QUESTION 1I 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 $72,000 FOR THEIR SERVICES. X X X X X Curriculum enhancement & develop. true 393701579 678610 18056873 0 20623367 391813695 367884130 3725008 41975376 0 19882935 393701579 348408394 1318945 37414084 0 19257293 367884130 365029335 2951117 187050 0 19759108 348408394 368648473 3027282 17084644 0 23731064 365029335 0.16310 0.32780 0.50910 false true true 0 14687722 14687722 0 208638583 77120478 131518105 0 32122417 29440142 2682275 0 28439227 14856523 13582704 162470806 SHORT-TERM INVESTMENTS 10084451 F FIXED INCOME 36500293 F NON U.S. EQUITY 40556768 F MARKETABLE ALTERNATIVES 100288717 F REAL ASSETS 18203214 F PRIVATE EQUITY 140021781 F 345655224 0 ADVANCES FROM FEDERAL GOVERNME 1315273 1315273 X 115101447 -3599172 -3599172 118700619 18053653 18053653 136754272 100918158 100918158 18061874 18061874 118980032 SCHEDULE D, 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. SCHEDULE D, PART V, QUESTION 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. SCHEDULE D, 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, FACULTY, 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. SCHEDULE D, 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, 2019 OR 2018. SCHEDULE D, PART XI, LINE 4B CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS (8,221) STUDENT AID RECLASS 18,061,874 ----------- TOTAL 18,053,653 =========== SCHEDULE D, PART XII, LINE 4B STUDENT AID RECLASS 18,061,874 true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 RACIALLY NONDISCRIMINATORY POLICY A STATEMENT OF THE COLLEGE'S RACIALLY NON-DISCRIMINATORY POLICY IS INCLUDED IN ALL BROCHURES AND CATALOGS IN ACCORDANCE WITH THE PROVISIONS OF REV. PROC. 75-50. SCHEDULE E, LINE 6A 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 CITY OF ATLANTA. true East Asia and the Pacific Program Services STUDY ABROAD 46150 Europe (Including Iceland and Greenland) Program Services STUDY ABROAD 146220 Central America and the Caribbean Program Services STUDY ABROAD 13508 South America Program Services STUDY ABROAD 13565 219443 219443 true false true true false false SCHEDULE F, 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 X X true COX CURRY ASSOCIATES FUNDRAISING CAMPAIGN false 41686 COMMUNITY COUNSELING SERVICE CO FUNDRAISING CONSULTANT false 225705 267391 GA NY true WHOLISTIC STRESS CONTROL INSTITUTE INC 2545 BENJAMIN E MAYS DR SW ATLANTA ATLANTA GA 30311 581786170 501(C)(3) 29244 N/A N/A SUB-CONTRACT MOREHOUSE COLLEGE 830 WESTVIEW DR SW ATLANTA GA 30314 580566205 501(C)(3) 62092 N/A N/A See Part IV Rhodes College 2000 NORTH PARKWAY MEMPHIS TN 38112 620476301 501(C)(3) 11829 N/A N/A SUB-CONTRACT Association to Preserve the Eatonville Community PO Box 2057 EATONVILLE FL 32751 592952662 501(C)(3) 54060 N/A N/A SUB-CONTRACT Independence Heights Redevelopment Council 727 E 38th Street Houston TX 77022 412233778 501(C)(3) 5585 N/A N/A SUB-CONTRACT 5 STUDENT FINANCIAL AID 1723 18061874 N/A N/A Schedule I, Part I, LINE 2 AND PART III Student Financial Aid STUDENY 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. Schedule I, Part II, Line 2 Morehouse College Grant EXPENSE REIMBURSEMENT FOR THE DEPARTMENT OF BUSINESS & FINANCE. ACTIVITIES ARE RELATED TO NSF GRANT ENTITLED "TARGETED INFUSION PROJECT: DSX". X X X true true X X X X X X false true false false false false false false false Mario Berry VP & Chief Information Officer 164319 0 0 0 0 0 6131 0 19405 0 189855 0 0 0 Jessie Brooks VP Institutional Advancement 229090 0 0 0 0 0 16137 0 18401 0 263628 0 0 0 Myra Burnett VP Institutional Research 211058 0 0 0 0 0 14828 0 30865 0 256751 0 0 0 Johnnella Butler Professor 176800 0 0 0 0 0 12557 0 15847 0 205204 0 0 0 Mary Schmidt Campbell President 454119 0 0 0 0 0 24250 0 55429 0 533798 0 0 0 Bernadette Cohen Dir of Human Resources 154678 0 0 0 0 0 11171 0 18573 0 184422 0 0 0 Julie Dash Professor 164813 0 0 0 0 0 6644 0 14112 0 185569 0 0 0 Sharon Davies Provost 323900 0 0 0 0 0 19250 0 30165 0 373315 0 0 0 Robert Flanigan VP BUS & FIN AFFAIRS/TREASURER 360400 0 0 0 0 0 19384 0 14731 0 394515 0 0 0 Helga Greenfield Assoc Dir of GOV't Relations 160613 0 0 0 0 0 11337 0 18836 0 190786 0 0 0 Ingrid Hayes VP for Enrollment Management 171916 0 0 0 0 0 6911 0 17361 0 196188 0 0 0 Rhonda Honegan Director of Investments 154461 0 0 0 0 0 11736 0 19114 0 185311 0 0 0 Terri Reed Secretary of the College 216528 0 0 0 0 0 14565 0 29192 0 260285 0 0 0 Jane Smith VP for College Relations 186107 0 0 0 0 0 12936 0 17481 0 216524 0 0 0 SCHEDULE J, PART I, LINE 1A HEALTH/SOCIAL CLUB DUES SOCIAL CLUB DUES WERE PAID FOR SCHMIDT-CAMPBELL IN THE AMOUNT OF $1,820. 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. SCHEDULE J, PART I, LINE 4B 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 SEE PART VI false false false B DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 000000000 2009-09-01 6100000 SEE PART VI false false false C DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 3599002L0 2012-04-19 28349973 SEE PART VI false false false D DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 3599006W2 2015-04-21 60338401 SEE PART VI false false false A 10950000 17010000 31978749 0 1613662 0 491087 0 0 23660980 6213020 0 2007 false true true true B 5200000 0 6100000 0 0 0 0 0 0 0 6100000 0 2009 true false true true C 14895000 0 28349973 0 0 0 460658 0 0 0 27889314 0 2012 true true true true D 0 0 60338401 0 0 0 655536 0 0 0 59682865 0 2017 false true true true A 0 B 0 C false false true true false 0.00470 0.00000 0.00470 true false false true D false false true true false 0.02420 0.00000 0.02420 true false false true A true false false 0 false 0 true true B false true true false 0 false 0 true true C false true false false 0 false 0 false true D false true false false 0 false 0 false true A false B false C false D false SCHEDULE K, PART I, COLUMN F PRIVATE COLLEGES & UNIVERSITY AUTHORITY: A-1. CONSTRUCTION, RENOVATIONS AND EQUIPPING OF COLLEGE FACILITIES; 2003 PROCEEDS USED: $24,099,685. 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 OUSTANDING 2003 BONDS ARE ALLOCABLE TO A PRE-2003 BOND ISSUE, PART III HAS NOT BEEN COMPLETED. DEVELOPMENT AUTHORITY OF FULTON COUNTY: B - REISSUANCE OF DEVELOPMENT AUTHORITY OF FULTON COUNTY ADJUSTABLE RATE DEMAND REVENUE BONDS (SPELMAN COLLEGE PROJECT), SERIES 1999 (TREATED AS CURRENT REFUNDING); ISSUE DATE: NOVEMBER 19, 1999. C-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. C-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 INFRASTRUCTURE. C-3. CURRENT REFUNDING OF A COMMERCIAL NOTE, DATED FEBRUARY 28, 2010; PROCEEDS USED - $3,192,547; ISSUED TO ACQUIRE LAND FOR CAMPUS EXPANSION. THE PROCEEDS OF $27,889,314 WERE APPLIED TO THE CURRENT REFUNDINGS AND ADVANCE REFUNDING DESCRIBED ABOVE RELATING TO THE USE OF PROCEEDS OF THE SERIES 2012 BONDS. THE ESCROW FUND RELATED TO THE ADVANCE REFUNDING PAID OUT ON JUNE 1, 2013. D - 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. THE PROCEEDS OF $59,682,865 WERE APPLIED TO THE ADVANCE REFUNDING OF THE SERIES 2007 BONDS AS DESCRIBED ABOVE. THE ESCROW FUND RELATED TO THE ADVANCE REFUNDING PAID OUT ON JUNE 1, 2017. SCHEDULE K, PART II, LINE 3 DEVELOPMENT AUTHORITY OF FULTON COUNTY: B - THIS WAS A REISSUANCE OF THE SERIES 1999 BONDS AND NO CASH PROCEEDS WERE GENERATED. NO INFORMATION IS REPORTED IN PART III AS THIS A CURRENT REFUNDING OF A PRE-2003 BOND ISSUE. SCHEDULE K, PART II, LINE 7 Private Colleges and University Authority: A - The $3,119 difference between the issuance costs on the Form 8038 ($487,968) and the amount reported on Schedule K ($491,087) is due to additional issuance costs incurred since the filing of the Form 8038. SCHEDULE K, PART II, LINE 10 Private Colleges and Universities Authority: A - The $438,705 difference between the capital expenditures from proceeds reported on the Form 8038 ($24,099,685) and the amount reported on Schedule K ($23,660,980) is due to additional capitalized interest that is reported on Part II, Line 5 above. SCHEDULE K, PART II, LINE 11 PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY: A - THE PROCEEDS OF $6,213,020 WERE APPLIED TO THE ADVANCE REFUNDING OF SERIES 1994 BONDS. DEVELOPMENT AUTHORITY OF FULTON COUNTY: C - THE PROCEEDS OF $27,889,314 WERE APPLIED TO THE CURRENT REFUNDING OF TWO NOTES. SCHEDULE K, PART III PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY 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 REFUNDING OF PRE-2003 BONDS. SCHEDULE K, PART III, LINE 3B DEVELOPMENT AUTHORITY OF FULTON COUNTY: B, C, AND D: BOND COUNSEL REVIEWS THIRD-PARTY CONTRACTS IN CONNECTION WITH THE ISSUANCE OF THE COLLEGE'S BONDS (WHICH HAVE OCCURRED IN 1988, 1994, 1996, 1999, 2003, 2007, 2015). SCHEDULE K, PART IV, LINE 2C DEVELOPMENT AUTHORITY OF FULTON COUNTY: B - REBATE COMPUTATION WAS PERFORMED 12/31/2017. C - REBATE COMPUTATION WAS PERFORMED 4/19/2017. SCHEDULE K, PART V, BONDS A, B, C, AND D The College's debt policies are under review by the governing body and amended policies will be implemented shortly. Although the College does not have a formal process under the VCAP, the College has always considered taking advantage of any Internal Revenue Service compliance programs. X 32 recycling bins 1 17193 FMV false true true SCHEDULE M, PART I, QUESTION 32A THIRD PARTIES SPELMAN COLLEGE USES THIRD PARTY STOCK BROKERS TO PROCESS NON-CASH CONTRIBUTIONS. FORM 990, PART VI, SECTION B, QUESTION 11 FORM 990 REVIEW PROCESS A REPRESENTATIVE OF KPMG 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, QUESTION 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, QUESTIONS 15A AND 15B 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, QUESTION 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 OTHER CHANGES IN NET ASSETS CHANGE IN VALUE OF SPLIT INTEREST TRUSTS (8,221) COLLEGIATE PROPERTY DEVELOPMENT COMPANY 350 SPELMAN LANE SW ATLANTA GA 30314 311636865 ACQUIRE PROP GA 501(c)(2) N/A NA true SPELMAN COLLEGE SPECIAL VENTURES FUND 350 SPELMAN LANE SW ATLANTA GA 30314 581561343 INVESTMENTS GA 501(C)(3) 12A-I NA true false false true false false false false false false false false false false true false false false false true SPELMAN COLLEGE SPECIAL VENTURES FUND INC s 33379305 COST