2019-05-14T17:02:23-05:00 2018-06-30 350921680 CROWE LLP 9600 Brownsboro Road Suite 400 Louisville KY 402411122 990 2017-07-01 610444780 Spalding University Inc SPAL 5025859911 845 South Third Street Louisville KY 402032188 Tori Murden Mcclure President 2019-05-14 true Rachel Spurlock P00520729 5023263996 2017 2019-02-21 02:37:17Z Tori Murden McClure 845 South Third Street Louisville KY 402032188 49785620 false X www.spalding.edu X 1984 KY Spalding University is a Co-Educational, Independent Institution accredited by the Southern Association of Colleges and Schools as a Doctoral Level Institution. The University offers programs in business, nursing, occupational therapy, social work, psychology, creative writing, education and others. 24 23 881 88 0 7881 1714258 2264682 39492746 40192312 428957 1538774 708621 795765 42344582 44791533 6557424 6675536 0 20264462 22219308 0 512152 11515982 12085875 38337868 40980719 4006714 3810814 73708028 77214872 16515322 15168346 57192706 62046526 Spalding University is a diverse community of learners dedicated to meeting the needs of the times in the tradition of the Sisters of Charity of Nazareth through quality undergraduate and graduate liberal and professional studies, grounded in spiritual values, with emphasis on service and the promotion of peace and justice. false false 25879379 6675536 38768382 Instruction for students: As a doctoral level institution with 1,758 students, the University offers degree programs in humanities, social science, health and natural science, education, business, and communication. Some examples of programs offered are psychology, creative writing, nursing, occupational therapy, art, social work, business, and advanced teacher education. 5624054 1495585 Student services: a comprehensive support system for students from initial inquiry to graduation is available. Services are provided by the offices of admissions, financial aid, registrar, bursar, campus development and student life, and athletics. Additional student engagement activities include the student government association, student-run organizations, as well as on-campus extracurricular and cultural events. 2458664 11466 Academic support: organized activities related to educational departments aim to bolster the academic success of students by meeting their individual needs. These include the library, and the academic resource center. The academic resource center supports students with tutoring and advising programs, a math lab and writing center. Additional support for english-language learners (ell) and first-generation college students is also offered. 33962097 true true false false false false false false true true false false false true true true false true false false false false false true true false false true true true false false false false false false false false false false false false false false false true false false false true 2860 1 true 881 true true true false false false false true true true false false false X 24 23 true false false false false false false true true false false true true true true true true true false false KY X Katherine Weyhing 5028734315 845 South Third Street Louisville KY 402032188 Paul Ratterman Chair 1.0 X X 0 0 0 James A Morris First Vice Chair 1.0 X X 0 0 0 Angela Leet Second Vice Chair 1.0 X X 0 0 0 Brian B Reynolds Secretary 1.0 X X 0 0 0 Rose Howard SCN Trustee 1.0 X 0 0 0 Anthony Disser Trustee (Partial Year) 1.0 X 0 0 0 William Blodgett Trustee (Partial Year) 1.0 X 0 0 0 Mary Wolford Trustee 1.0 X 0 0 0 Rick Blackwell Trustee 1.0 X 0 0 0 Dana Jackson Trustee 1.0 X 0 0 0 Perry E Sangalli Ed D Trustee 2.0 X 10000 0 0 Nicholas Harshfield Trustee (Partial Year) 1.0 X 0 0 0 Alfonso N Cornish Trustee 1.0 X 0 0 0 James Rissler Trustee 1.0 X 0 0 0 M Serra Goethals SCN Trustee 1.0 X 0 0 0 Kellie Sheryak Trustee 1.0 X 0 0 0 Gene M Smith Trustee 1.0 X 0 0 0 HI Stroth Jr Trustee 1.0 X 0 0 0 Carter Vance Trustee 1.0 X 0 0 0 Jean West Trustee (Partial Year) 1.0 X 0 0 0 Kathleen Driskell Faculty Trustee 40.0 X 77521 0 38550 Melissa Lowe Trustee (Partial Year) 1.0 X 0 0 0 Neville Blakemore Trustee 1.0 X 0 0 0 Ishmon Burks Trustee 1.0 X 0 0 0 Craig Mackin Trustee 1.0 X 0 0 0 John P Malloy Trustee 1.0 X 0 0 0 Andrew Trager-Kusman Trustee 1.0 X 0 0 0 Mark Carter Trustee 1.0 X 0 0 0 Roger McClendon Trustee 1.0 X 0 0 0 Tori M McClure President 40.0 X 245592 0 36467 Joanne Berryman Provost 40.0 X 179683 0 35794 Jefferson Rush Sherman CFO 40.0 X 117914 0 33778 Rick Hudson Dean of Students 40.0 X 113355 0 35263 Michelle Reiss Faculty 40.0 X 131841 0 16809 Mistalene Calleroz White Undergraduate Dean 40.0 X 119495 0 17732 John Nyland Faculty 40.0 X 115806 0 31826 Jeffrey M Lederer Faculty 40.0 X 114276 0 17630 Ezra Krumhansl CIO 40.0 X 114236 0 28029 1339719 0 291878 18 false true false Schaefer General Contracting 4716 Pinewood Road Louisville KY 40218 Construction 736171 JONES LANG & LASALLE PO BOX 2847 LOUISVILLE KY 40201 MAINTENANCE AND CUSTODIAL 644542 Compass Group DBA Eurest Dining 2400 Yorkmont Road Charlotte NC 28217 Cleaning Services 384294 Ellucian Inc 62814 Collection Center Dr Chicago IL 606930625 Computer Hosting and Maintenance 313631 Ira E Clark Detective Agency 10 Chestnut St Evansville IN 47701 Security Services 260008 10 X 66627 2198055 2264682 Tuition and Fees 611310 37773598 37773598 Residence Hall 611310 984932 984932 Sponsored Programs 611310 389584 389584 Entech Program 611310 344150 344150 Master of Fine Arts Program 611310 239885 239885 460163 460163 0 0 40192312 351551 351551 0 0 6088365 4901142 1187223 0 1187223 1187223 53649 66627 66235 -12586 -12586 64100 26710 37390 37390 Food Service 611710 656713 656713 Fees 611710 82306 82306 Parking 611710 31127 31127 815 815 0 0 770961 44791533 40275433 0 2251418 6675536 6675536 1031741 596775 434966 17084988 14748209 2005900 330879 929968 741514 169800 18654 1847176 810655 999445 37076 1325435 1107034 195626 22775 22192 22192 118065 118065 77163 77163 2303593 1802115 487030 14448 586023 586023 1056321 488904 542034 25383 663796 663796 1581533 1554585 22891 4057 997278 917039 35882 44357 927 927 1835332 1801195 28998 5139 26594 26594 Bad Debt 549356 549356 Maintenance 352596 352596 Dietary Food & Supplies 308284 308284 Professional Development 257312 208952 40717 7643 1349510 1272754 75015 1741 40980719 33962097 6506470 512152 7208420 6475847 7075255 9168608 424506 246305 613695 251124 0 0 0 1415937 1406117 719828 841957 66518303 27638435 36749382 38879868 18635333 18521966 0 0 865672 1423080 73708028 77214872 1959938 2276128 964611 723167 7445000 6520000 0 3261016 3078726 2884757 2570325 16515322 15168346 X 36466190 38443313 9948581 12376007 10777935 11227206 57192706 62046526 73708028 77214872 X 3810814 628553 414453 X true X true X true true true X 1715812 2402107 3500194 1695658 2136503 11450274 0 0 1715812 2402107 3500194 1695658 2136503 11450274 1343095 10107179 277857 566723 317027 319443 351551 1832601 0 400957 625079 646739 695012 805589 3173376 16456251 190339796 0.6142 0.7071 X Schedule A, Part II Public Support Test PART II HAS BEEN COMPLETED TO PROVE THE COLLEGE MEETS THE PUBLIC SUPPORT TEST AND THEREFORE QUALIFIES TO USE THE SPECIAL RULE IN REPORTING ON SCHEDULE B. Schedule A, Part II, Line 10 Other Income DESCRIPTION - FUNDRAISING INCOME, COLUMN A - 58842.0, COLUMN B - 40672.0, COLUMN C - 46062.0, COLUMN D - 34185.0, COLUMN E - 53649.0, COLUMN F - 233410.0; DESCRIPTION - GAMING INCOME, COLUMN A - 73430.0, COLUMN B - 71590.0, COLUMN C - 70690.0, COLUMN D - 60220.0, COLUMN E - 64100.0, COLUMN F - 340030.0; DESCRIPTION - OTHER INCOME, COLUMN A - 268685.0, COLUMN B - 512817.0, COLUMN C - 529987.0, COLUMN D - 600607.0, COLUMN E - 687840.0, COLUMN F - 2599936.0; 19076522 486125 2336106 700000 21198753 17510756 176115 1889651 500000 19076522 16568893 1395021 46842 500000 0 0 17510756 15276251 868839 673803 250000 0 16568893 12957495 180410 2138346 15276251 0.0864 0.5296 0.384 false false 4584169 4584169 39720014 12401078 27318936 536279 74743 461536 17135569 14724202 2411367 4542272 438412 4103860 38879868 Refundable Government Loans 1392066 Accrued Fair Value of Interest Rate Swap Agreement 317205 Capital leases Other Long Term Liabilities 861054 2570325 X 39174785 628553 635577 1264130 37910655 77163 6803715 6880878 44791533 34320965 92945 92945 34228020 77163 6675536 6752699 40980719 Schedule D, Part V, Line 4 Intended uses of endowment funds THE PURPOSE OF THE UNIVERSITY'S ENDOWMENT IS TO PROVIDE FUNDING FOR THE SCHOLARSHIP PROGRAMS AND OTHER RESTRICTED PURPOSES WITH THE GOAL OF SUPPORTING THE MISSION OF SPALDING UNIVERSITY. FOR THE QUASI ENDOWMENT IT IS TO PROVIDE FINANCIAL SECURITY FOR THE UNIVERSITY AND ITS USE IS BOARD DESIGNATED. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE UNIVERSITY IS A NOT-FOR-PROFIT CORPORATION AND HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE TO BE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. GAAP PRESCRIBES RECOGNITION THRESHOLDS AND MEASUREMENT ATTRIBUTES FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. TAX BENEFITS OR LIABILITIES WILL BE RECOGNIZED ONLY IF THE TAX POSITION WOULD "MORE-LIKELY-THAN-NOT" BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED WILL BE THE LARGEST AMOUNT OF TAX BENEFIT OR LIABILITY THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE MORE-LIKELY-THAN-NOT TEST, NO TAX BENEFIT OR LIABILITY WILL BE RECORDED. MANAGEMENT HAS CONCLUDED THAT THEY ARE UNAWARE OF ANY TAX BENEFITS OR LIABILITIES TO BE RECOGNIZED AT JUNE 30, 2018 AND 2017 AND DOES NOT EXPECT THIS TO CHANGE IN THE NEXT 12 MONTHS. THE UNIVERSITY WOULD RECOGNIZE INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS IN INTEREST AND INCOME TAX EXPENSE, RESPECTIVELY. THE UNIVERSITY DOES NOT HAVE AMOUNTS ACCRUED FOR INTEREST OR PENALTIES AS OF JUNE 30, 2018 AND 2017. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Change In Split Interest Agreements - 273581 Change in Value of Swap Agreements - 269051 Fundraising Expenses - 66235 Gaming Expenses - 26710 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Financial Aid - 6675536 Write off of uncollectible pledges - 128179 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Fundraising Expenses - 66235 Gaming Expenses - 26710 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Scholarships to Individuals - 6675536 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY SPALDING UNIVERSITY IS AN EQUAL OPPORTUNITY EDUCATIONAL INSTITUTION. THE UNIVERSITY DOES NOT DISCRIMINATE AGAINST OTHER QUALIFIED APPLICANT, PARTICIPANT, EMPLOYEE OR BENEFICIARY ON THE BASIS OF RACE, COLOR, NATIONAL ORIGIN, AGE, DISABILITY, RELIGION, SEX, PREGNANCY, SEXUAL ORIENTATION, GENDER IDENTITY, MARITAL STATUS, MILITARY STATUS, VETERAN STATUS, OR OTHER PROTECTED STATUS. (STATEMENTS COMPARABLE TO THIS APPEAR IN THE UNIVERSITY'S RECRUITMENT PUBLICATIONS.) Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT SPALDING UNIVERSITY RECEIVES FEDERAL AID FOR STUDENTS UNDER TITLE IV AND RECEIVES FEDERAL AND STATE GRANTS AS WELL. Bracketology 120276 66627 53649 11570 22282 32383 0 0 120276 66627 53649 11570 22282 32383 66235 -12586 64100 26710 true 1.0 64100 26710 KY true false false false 0.0 1.0 Roger Burkman 845 S 3rd Street Louisville KY 40203 false ROGER BURKMAN 1095 SEE SCHEDULE G PART IV X false 0 Schedule G, Part III, Line 16 Description of Services Provided ESTIMATED TIME 25 HOURS PER YEAR. COORDINATION OF RAFFLE, INCLUDING ARRANGING FOR VOLUNTEER SALESPEOPLE OF RAFFLE AND COMPLIANCE WITH FEDERAL AND STATE GAMING REQUIREMENTS. true SFA NEED BASED 550 1497753 SFA MERIT BASED 475 3191183 SFA 55,000 DEGREES 213 813208 GRADUATE ASSISTANT/SCHOLARSHIPS 155 549378 ENDOWED/RESTRICTED AID 154 247732 OTHER 120 376282 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. ALL ASSISTANCE THAT IS PROVIDED THROUGH THE UNIVERSITY TO STUDENTS IS DESIGNATED FOR TUITION, FEES, BOOKS, AND OTHER DIRECT EDUCATIONAL COSTS. THE FINANCIAL AID OFFICE AND FINANCE OFFICE OF THE UNIVERSITY MONITORS AND CONTROLS DISBURSEMENT OF ALL ASSISTANCE. X X false false false false false false false false false Tori M McClure President 244139 0 0 0 1453 0 18750 0 17717 0 282059 0 0 0 Joanne Berryman Provost 176727 0 208 0 2748 0 14014 0 21780 0 215477 0 0 0 Jefferson Rush Sherman CFO 116727 0 220 0 967 0 9393 0 24385 0 151692 0 0 0 A Louisville Jefferson County Metro Government 320049006 2010-06-30 12860000 Reissuance of 2008 Bonds false false false A 6340000 0 12860000 0 0 0 0 0 0 0 12860000 0 2010 true false true true A false false false false 0.0 0.0 0.0 true false true A false true true false false false false true A true Schedule K, Part II, Line 13 Year of substantial completion The bond was a reissuance of a 2008 bond and the project the original bond was used for was completed in 2008. Form 990, Part VI, Line 15b PROCESS TO ESTABLISH COMPENSATION OF OTHER EMPLOYEES The University president, provost and human resources manager review and determine the compensation of the other officers and key employees using CUPA salary scales and other relevant economic and industry data. Documentation of deliberations were retained in each relevant meeting's notes. Process was last conducted in June 2016. Form 990, Part VI, Line 1a Delegate broad authority to a committee THE EXECUTIVE COMMITTEE IS COMPOSED OF OFFICERS OF THE GOVERNING BODY TO ADDRESS ONLY SPECIFIC ISOLATED MANAGERIAL ISSUES THAT DO NOT REQUIRE FULL BOARD APPROVAL. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons James A. Morris - Business relationship, Paul Ratterman - Business relationship Form 990, Part VI, Line 11b Review of form 990 by governing body IT IS SPALDING UNIVERSITY'S POLICY THAT THE AUDIT COMMITTEE WILL BE RESPONSIBLE FOR THE INTERNAL REVIEW OF THE INTERNAL REVENUE SERVICE FORM 990 THAT IS TO BE FILED. UPON APPROVAL OF THE AUDIT COMMITTEE, THE FORM 990 SHALL BE PRESENTED TO THE BOARD OF TRUSTEES FOR THEIR REVIEW. THE AUDIT COMMITTEE CHAIR WILL APPROVE THE FILING OF THE FORM 990 WITH THE IRS. THE BOARD OF TRUSTEES IS RELYING ON THE UNIVERSITY STAFF, THE AUDIT COMMITTEE AND INDEPENDENT ACCOUNTANTS TO COMPLETE AND EXAMINE THE FORM 990. Form 990, Part VI, Line 12c Conflict of interest policy A CONFLICT OF INTEREST QUESTIONNAIRE IS COMPLETED BY EACH BOARD MEMBER AND ANY EMPLOYEE WHO INTERFACES WITH THE BOARD. THE CFO AND FINANCE OFFICE REVIEW THE QUESTIONNAIRES. ANY CONFLICTS ARE THEN DISCUSSED WITH THE PRESIDENT AND CHAIRMAN OF THE BOARD, AND ANY BOARD MEMBER WITH A POTENTIAL OR ACTUAL CONFLICT OF INTEREST WOULD ABSTAIN FROM VOTING ON ANY ISSUES SURROUNDING THAT CONFLICT. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE BOARD OF TRUSTEES ANNUALLY REVIEWS AND DETERMINES THE COMPENSATION OF THE UNIVERSITY PRESIDENT USING INDUSTRY SALARY BENCHMARKS AND OTHER RELEVANT ECONOMIC DATA. DOCUMENTATION OF SAID DELIBERATIONS WERE RETAINED BY THE EXECUTIVE COMMITTEE IN MEETING NOTES. This process was last conducted in March 2018. WITH FULL KNOWLEDGE AND UNDERSTANDING THE PRESIDENT ELECTED TO WAIVE ANY ADDITIONAL COMPENSATION ABOVE WHAT IS REPORTED HERE. Form 990, Part VI, Line 19 Required documents available to the public FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICIES ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE (IRC) SECTION 6104. Form 990, Part VIII, Line 2f Other Program Service Revenue Social Work auxillary - Total Revenue: 22263, Related or Exempt Function Revenue: 22263, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Psychology auxillary - Total Revenue: 74506, Related or Exempt Function Revenue: 74506, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Psychology Clinic - Total Revenue: 98886, Related or Exempt Function Revenue: 98886, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Nursing Auxillary - Total Revenue: 79843, Related or Exempt Function Revenue: 79843, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Occupational Therapy - Total Revenue: 25892, Related or Exempt Function Revenue: 25892, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Bookstore - Total Revenue: 49414, Related or Exempt Function Revenue: 49414, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; CORF - Total Revenue: 109359, Related or Exempt Function Revenue: 109359, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part VIII, Line 11d Other Miscellaneous Revenue Miscellaneous - Total Revenue: 815, Related or Exempt Function Revenue: 815, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances Change in value of split interest agreement - 273581; Change in value of swap agreement - 269051; Write off of uncollectible pledges - -128179; CHARITABLE REMAINDER TRUST (1) 845 South Third Street Louisville KY 402032188 INVESTMENTS KY NA Trust false false false false false false false false false false false false false false false false false false false false