2018-04-06T14:50:35-05:00 2017-05-31 363990892 Capin Crouse LLP 1255 Lakes Parkway Suite 130 Lawrenceville GA 30043 990 2016-06-01 582624570 Shorter University SHOR 7062912121 315 Shorter Avenue Rome GA 301654267 Susan Zeird VP of Finance, CFO 7062337201 2018-04-06 1 David C Moja P00747006 6785185301 139.146.132.42 2018-04-06 13:50:23 MD P 72271F980C62DA7DA9CDBA9A25BC3C3C4DA140C0 77478C579837246A91E25BD80925A03E13A66D61 2016 2021-01-29 14:40:06Z Dr Donald V Dowless 315 Shorter Avenue Rome GA 301654267 72001999 0 X www.shorter.edu X 1873 GA Shorter University is a private Christian non-profit comprehensive liberal arts institution. 31 30 890 101 0 0 8440444 4142901 36851043 35658115 541273 1798952 0 0 45832760 41599968 12435965 13174607 0 0 15732571 13946340 0 0 290023 16646475 16844039 44815011 43964986 1017749 -2365018 63452539 62620590 22457746 23899667 40994793 38720923 Advancing God's Kingdom through a commitment to academic excellence, spiritual growth, Christian leadership, and global service within the context of a biblical worldview. 0 0 22209935 13174607 29216640 Instructional - funds expended for instructional activities in Associate, Bachelor, and Master degree programs. Enrollment in 2016-2017 included 2,324 students.Scholarship and financial aid - Comprehensive financial assistance program includes scholarships, grants, loans and part-time campus employment. Every student enrolled full-time at Shorter University receives some form of financial assistance. 6281335 114832 Academic support - Expenditures integral to the operation and support of the academic services of the University.Auxiliary enterprises - Expenditures to provide services to student, faculty, and staff including housing, cafeteria, and bookstore. 6008010 6326643 Student support - Funds expended for activities contributing to students' well being and intellectual, cultural, and social development outside of formal instruction. 34499280 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 0 1 0 1 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 1 1 0 0 0 0 1 0 0 0 1 2684 0 1 890 1 0 0 0 0 0 0 0 0 0 0 X 31 30 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 0 0 GA X Susan Zeird 7062912121 315 Shorter Avenue Rome GA 301654267 David Harper Board Chair 1.00 X X 0 0 0 Cheryl Cox Vice Chair of Board 1.00 X X 0 0 0 Joy Battles Secretary 1.00 X X 0 0 0 Carlisle Driggers Part Yr Vice Chair of Board 1.00 X X 0 0 0 Dr Charlie Bridges Trustee 1.00 X 0 0 0 Bob English Trustee 1.00 X 0 0 0 Jim Law Trustee 1.00 X 0 0 0 Scarlett Rackley Trustee 1.00 X 0 0 0 Rickey Underhill Trustee 1.00 X 0 0 0 Tony Swafford Trustee 1.00 X 0 0 0 Philip May Trustee 1.00 X 0 0 0 Stacy Howell Trustee 1.00 X 0 0 0 Sherold Salmon Trustee 1.00 X 0 0 0 Rick Mills Trustee 1.00 X 0 0 0 Vivian Johnson Trustee 1.00 X 0 0 0 Bryan Rice Trustee 1.00 X 0 0 0 Ben Smith Trustee 1.00 X 0 0 0 Bryan Griffin Trustee 1.00 X 0 0 0 Keith McBroom Trustee 1.00 X 0 0 0 John Pennington Trustee 1.00 X 0 0 0 Kelvin Ratliff Trustee 1.00 X 0 0 0 Derek Spain Trustee 1.00 X 0 0 0 Joe Tanner Trustee 1.00 X 0 0 0 Randy Bowen Trustee 1.00 X 0 0 0 Russ Brown Trustee 1.00 X 0 0 0 Jerry Emerson Trustee 1.00 X 0 0 0 Susie Gass Trustee 1.00 X 0 0 0 Larry Maxey Trustee 1.00 X 0 0 0 Jeff Overton Trustee 1.00 X 0 0 0 Bob Richardson Trustee 1.00 X 0 0 0 Bob Bagley Trustee 1.00 X 0 0 0 J Robert White Ex-Officio Trustee 1.00 X 0 0 0 Wanda Levan Part Year Trustee 1.00 X 0 0 0 Jennifer Reynolds Part Year Trustee 1.00 X 0 0 0 David Sparks Part Year Trustee 1.00 X 0 0 0 Randy Womack Part Year Trustee 1.00 X 0 0 0 Dr Donald Dowless President 60.00 X 175342 0 31220 Dr Donald Martin Provost 60.00 X 134056 0 11103 Susan Zeird VP of Finance, CFO 60.00 X 103847 0 5359 413245 0 47682 3 0 1 0 The Learning House Inc 427 South Fourth Street Louisville KY 40202 Online student portal 699100 Aramark 315 Shorter Avenue Rome GA 30165 Food service 680355 National Management Resources Corp PO Box 1224 La Grange GA 30241 Janitorial service 490004 Follett Higher Education Group 3146 Solutions Center Chicago IL 60677 Bookstore service 123396 CapinCrouse LLP 972 Emerson Parkway Suite A Greenwood IN 46143 Accounting services 112371 6 2177937 247594 1717370 214235 4142901 Tuition and fees 611110 29216640 29216640 Student support 611110 6326643 6326643 Academic support 611110 114832 114832 35658115 286503 286503 2928 2928 0 0 31541552 370000 29935661 463442 1605891 -93442 1512449 1512449 41599968 35658115 0 1798952 13174607 13174607 466574 214624 212080 39870 74785 74133 419 233 12482779 10939306 1375868 167605 20886 20886 901316 764369 122211 14736 150702 150702 124006 9110 114869 27 62759 62759 2999558 2987542 12016 64730 64125 605 499783 408018 87331 4434 2865 2865 4526632 867712 3653793 5127 797546 790591 4474 2481 714385 410923 303462 1638047 1402470 235577 667437 421850 245587 Repairs and Maintenance 795565 331344 464221 Bad Debt Expense 301324 301324 3498700 1614805 1840401 43494 43964986 34499280 9175683 290023 509770 1151581 38452 14840 683425 622207 964682 856851 8697 476614 245920 69732924 29326954 41647198 40405970 13813840 16188234 1796431 1137552 1143525 2384575 1982765 63452539 62620590 4807997 4961885 1989270 1302786 14128926 16172730 1531553 1462266 22457746 23899667 X 20272086 18872030 6259598 5291142 14463109 14557751 40994793 38720923 63452539 62620590 X -2365018 -51331 142479 X X 0 1 X 1 1 1 X 3191149 5710324 3328177 8440444 4153010 24823104 3191149 5710324 3328177 8440444 4153010 24823104 1021102 23802002 756522 680864 578308 481651 289431 2786776 940715 111867 9972 1062554 28672434 160211703 0.83010 0.80840 X Schedule A, Part II, Line 10, Explanation of Other Income: Insurance proceeds - 2012 Amount: $ 940,715. 2013 Amount: $ 111,867. 2014 Amount: $ 9,972. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 319669 X X X 0 15545881 10390 1597169 862800 16290640 15261282 1056538 -113138 658800 15545881 14987046 47655 911031 608100 76350 15261282 13611416 181124 1790106 592920 2680 14987046 12273699 94247 1815770 572300 13611416 0.00000 0.79610 0.20390 1 1 1 10000 2959088 2969088 48441405 21339857 27101548 1801708 793705 1008003 16328977 7193392 9135585 191746 191746 40405970 Annuities payable 6177 Refundable advances from federal government 877331 Conditional asset retirement obligation 578758 1462266 28476683 -51331 20005 145407 114081 28362602 62759 13174607 13237366 41599968 30750553 20005 2928 22933 30727620 62759 13174607 13237366 43964986 Part III, Line 4: Collection items consist of artwork, artifacts, and exotic stuffed animals donated to the University, which are on display in various locations on the campus. Part V, Line 4: The majority of Shorter University's endowment intends to provide scholarships to students with a small amount restricted for professorships. Part XI, Line 2d - Other Adjustments: Rental expenses 2,928. Change in value of interest rate swap 76,995. Change in value of split interest agreement 65,484. Part XI, Line 4b - Other Adjustments: Student financial aid netted with revenue on financial statement 13,174,607. Part XII, Line 2d - Other Adjustments: Rental expenses 2,928. Part XII, Line 4b - Other Adjustments: Student financial aid netted with revenue on financial statement 13,174,607. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The University's Statement of Non-Discrimination is included in Shorter University's catalog which is available online at http://www.shorter.edu/wp-content/uploads/Catalog-2016-17.121 Schedule E, Part I, Line 6 The federal government awards the University various monies restricted for student financial aid. The monies are awarded through three federal programs: Pell Grant (Pell), Federal Supplemental Educational Opportunity Grant (FSEOG), and Federal Work Study (FWS). Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, 0 0 Program services Study abroad 92825 Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium 0 0 Program services Study abroad 72406 0 0 0 0 0 0 165231 0 165231 0 0 0 0 0 0 Part I, line 3: Accrual method is used to account for foreign expenditures. 1 Scholarships 1087 13174607 Part I, Line 2: Shorter Univerity participates in the student financial assistance programs through the U.S. Department of Education. Funds are awarded and applied to student accounts based on the Department of Education guidelines set forth by the Title IV programs. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Dr Donald Dowless President 173536 0 0 0 1806 0 729 0 31365 0 207436 0 0 0 Part I, Line 1a Per direction from the Board of Trustees and in accordance with IRC Section 119, the President of the University resides on campus in University provided non-taxable housing with a yearly rental value of $24,000. 24696 Financial assistance Tuition assistance 24861 Need based Tuition assistance Automax Rent A Car Inc Entity more than 35% owned by Sherold Salmon, Board Trustee 747885 Bus rentals for athletic teams to and from events 0 X Misc 40 134095 Replacement cost X Equipment 7 55338 Appraisal X Travel 33 16094 Purchase price X Meals 44 3446 Purchase price X Landscaping 3 2812 Replacement cost X Bus expense 2 2450 cost 0 0 1 0 Part I, Column (b): The number of contributions represent the number of contributions received not the number of items donated. Form 990, Part VI, Section A, line 1 The governing body delegates broad authority to an Executive Committee consisting of the Chair, the Vice Chair,and Secretary of the Board of Trustees, the Chair of the Finance and Investment Committee, and three other Board of Trustees members elected by the Board of Trustees at the annual meeting. The Executive Committee has full power and authority to act and to transact any business for and on behalf of the University and in the place of the Board of Trustees during the interim between meetings of the Board of Trustees. Form 990, Part VI, Section A, line 6 The Georgia Baptist Mission Board is the University's sole member. Form 990, Part VI, Section A, line 7a All Trustees shall be elected by the Member, including those elected to fill any vacancy on the Board of Trustees. Form 990, Part VI, Section A, line 7b All Trustees are elected by the Member and the Member has the right to vote on any proposal of dissolution. Form 990, Part VI, Section B, line 11b The Form 990 is prepared by an independent CPA firm and is then reviewed and approved by the Board of Trustees. The President and Chief Financial Officer review the Form 990 in detail and address any comments by the Board of Trustees before the Form 990 is filed. Form 990, Part VI, Section B, line 12c The University requires employees, the Board of Trustees, and Officers to annually sign a conflict of interest statements disclosing any conflicts of interest. The administrative assistant to the President reviews the statements and gives any statements indicating a conflict to the President; the President discloses the conflict to the head of the Board; the Board or a committee determines whether an actual conflict exists. If a conflict of interest arise at a board meeting, the Board member is prohibitted from voting on or discussing any matter in which they have a conflict. Form 990, Part VI, Section B, line 15a 15a) The independent Executive Committee approves the President's compensation annually and the deliberation and decision are documented in the committee minutes. A compensation comparability study was conducted two years ago. 15b) The independent President reviews and approves all new hire and compensation change forms. Form 990, Part VI, Section C, line 19 The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request. Form 990, Part XI, line 9: Change in value of interest rate swap 76,995. Change in value of split interest agreement 65,484. Form 990, Part XII, Line 2c: The University has a committe that assumes responsibility for oversight of the audit of its financials and selection of an independent accountant. This process has not changed since prior year. Georgia Baptist Mission Board 6405 Sugarloaf Parkway Duluth GA 30097 580566245 Church GA 501(c)(3) Line 1 N/A 0 Georgia Baptist Foundation Inc 6405 Sugarloaf Parkway Duluth GA 30097 586030046 Trust agency for endowments GA 501(c)(3) Line 1 Georgia Baptist Mission Board 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 Georgia Baptist Mission Board C Georgia Baptist Mission Board M Georgia Baptist Foundation Inc C