2017-01-24T04:44:12-06:00 2016-06-30 454084437 Warren Averett LLC Six Concourse Parkway Suite 600 Atlanta GA 30328 990 2015-07-01 580566143 Brenau University Inc BREN 7705346268 500 Washington Street SE Gainesville GA 305013628 Toby R Hinton VP for Financial Services 7705346257 2017-01-23 1 E Wayne Williams Jr P00294425 7703961100 2017-01-23 2015 2021-01-29 14:40:06Z Dr Edward L Schrader J 500 Washington Street SE Gainesville GA 305013628 61518635 0 X www.brenau.edu X 1878 GA See Schedule O 27 25 1083 250 0 0 4560957 2569915 52381039 53493896 881433 1660346 -250282 -221544 57573147 57502613 9670000 9998932 0 0 26390588 27650631 183266 198039 1102751 18040393 18964926 54284247 56812528 3288900 690085 120648498 115847159 35284107 31428410 85364391 84418749 X See Schedule O 0 0 17469220 9990932 14810883 Brenau University is a private, comprehensive university that includes the Undergraduate Residential School, the Undergraduate Nonresidential School, the Graduate School, and the Early College Program.Each component of the University enhances the others through shared resources, facilities, faculty and cultural opportunities with some limited cross-enrollment opportunities available. However, each unit is defined by distinct characteristics.The Undergraduate Residential School, or Women's College, offers baccalaureate programs, some of which feed into graduate programs, with a multi-discipline liberal arts foundation that enables students to explore general interests as well as pursue specialized studies. Women have opportunities to develop leadership skills in an environment that encourages awareness of and participation in a world characterized by pluralism and to explore and prepare for various career opportunities. 16609221 18518059 The Undergraduate Nonresidential School offers studies leading to associate and baccalaureate degrees and is open to men and women. The programs provide foundations for individual and professional growth and competence. 12012775 19026903 The Graduate School offers studies leading to masters and educational specialist degrees as well as graduate certificates and is open to men and women. The programs encourage students to develop the proficiency and professionalism necessary to meet the challenges inherent in their fields of study. 3395660 8000 1138051 Auxiliary Enterprises - Enrichment programs and other support for the instructional programs of the University. 3395660 8000 1138051 49486876 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 0 1 0 1 0 1 1 1 1 0 0 0 0 1 1 1 0 0 0 0 0 1 0 1 1 1 1 1 0 0 0 0 0 0 0 1 89 0 1 1083 1 0 0 0 0 0 1 1 0 0 0 0 X 27 25 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X Toby R Hinton 7705346257 500 Washington Street SE Gainesville GA 305013628 Peter D Miller Chair 1.00 X 0 0 0 Philip A Wilheit Sr Vice Chair 1.00 X 0 0 0 James A Walters Secretary 1.00 X X 0 0 0 Carole Ann Carter Daniel Treasurer 1.00 X 0 0 0 Dr Gale J Allen Trustee 1.00 X 0 0 0 Robin Smith Dudley Trustee 1.00 X 0 0 0 Kathryn Dunlap Trustee 1.00 X 0 0 0 Emilie Henderson Howard Trustee 1.00 X 0 0 0 M Douglas Ivester Trustee 1.00 X 0 0 0 Anna A Jacobs Trustee 1.00 X 0 0 0 Emily Lawson Trustee 1.00 X 0 0 0 Antonina G Lerch Trustee 1.00 X 0 0 0 Ben E Lilly Trustee 1.00 X 0 0 0 James E Mathis Jr Trustee 1.00 X 0 0 0 Steve P McKibbon Trustee 1.00 X 0 0 0 James H Moore Trustee 1.00 X 0 0 0 Betty Verson Norton Trustee 1.00 X 0 0 0 Gary L Riley Trustee 1.00 X 0 0 0 Lawrence B Schrage Trustee 1.00 X 0 0 0 David F Seng Trustee 1.00 X 0 0 0 Gail A Smith Trustee 1.00 X 0 0 0 Mike H Smith Trustee 1.00 X 0 0 0 Charles A Smithgall III Trustee 1.00 X 0 0 0 Shay English Stafford Trustee 1.00 X 0 0 0 Bob Swoszowski Trustee 1.00 X 0 0 0 Stuart R Virgin Trustee 1.00 X 0 0 0 Patricia E Wolfe Trustee 1.00 X 0 0 0 Dr Edward L Schrader Jr President 40.00 X 565833 0 81367 Dr David Barnett Sr. VP & CFO 40.00 X 225398 0 14828 Dr Nancy Krippel Provost & VPAA 40.00 X 199459 0 24642 Jack Matthew Thomas VP for External Relations 40.00 X 164901 0 36593 David Morrison VP Communications & Publicity 40.00 X 127199 0 16931 Kathye Light Dept Chair - Physical Therapy 40.00 X 180902 0 30379 Dr Gale H Starich Dean, School of Health & Science 40.00 X 134480 0 12753 1598172 0 217493 22 0 1 0 Helix Education Inc PO Box 894 Salt Lake City UT 84110 Advertising/Recruiting 4958778 Carroll Daniel Construction Co 921 Athens St SE Gainesville GA 30501 Construction contractors 4638184 Aramark Services Inc 1101 Market Street Philadelphia PA 191072988 Food service vendor 1571589 Aramark Facility Services 1101 Market Street Philadelphia PA 191072988 Custodial services 720166 All Outdoor Lawn Service Inc PO Box 6165 Gainesville GA 30504 Lawn Service 540946 24 265508 2304407 250478 2569915 Tuition and fees 611710 48040368 48040368 Sales of auxiliary enterprises 611710 5453528 5453528 53493896 1192979 1192979 84183 305727 -221544 -221544 -221544 4177662 3710295 467367 467367 467367 57502613 53493896 0 1438802 9138421 9138421 860511 860511 2160637 467008 1169184 524445 20120882 18134557 1950914 35411 876511 793776 82735 2915061 2484277 401632 29152 1577540 1316998 220904 39638 37483 37483 129072 129072 198039 198039 41197 41197 1038138 1038138 399936 358439 41497 2212982 1617565 538510 56907 966117 908856 57261 668516 507859 128725 31932 21627 21627 530721 520903 9818 2248955 2198213 41606 9136 296323 2979 293344 Recruiting 3572584 3572584 Operations 2400731 2110814 129525 160392 Rental 1641544 1641544 Misc 587976 268904 319072 2171024 1544530 608795 17699 56812528 49486876 6222901 1102751 9292674 3504098 5869947 3438594 4878568 4393727 3494790 3137133 87987 74189 82133187 33405733 44072052 48727454 41455601 41037762 2790712 2701756 8706167 8832446 120648498 115847159 3804555 4247263 4966522 4806023 21802825 19717247 4710205 2657877 35284107 31428410 X 36158685 37680683 19578565 16924290 29627141 29813776 85364391 84418749 120648498 115847159 X 690085 -1109580 -526147 X 0 1 X 1 1 1 X 4403452 3647477 3787770 4560957 2569915 18969571 4403452 3647477 3787770 4560957 2569915 18969571 3215960 15753611 1365390 1258181 1021829 1155701 1277162 6078263 104942 104942 25152776 239925851 0.62630 0.64720 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 152135 8302840 X X X 0 38670897 916113 265663 1508200 38344473 38353646 167632 1170319 1020700 38670897 32706736 515891 5933049 802030 38353646 29323374 383782 3670729 671149 32706736 29428657 1435238 -962878 577643 29323374 0.00000 0.72500 0.27500 0 0 3138337 3138337 55862817 19644958 36217859 6909175 1003653 5905522 16222858 12757122 3465736 48727454 Works of art 8302840 Other assets 529606 8832446 Liability under remainder trusts 948343 Advances from federal government 166040 Liabilities under deferred comp. 381228 Refundable advances 285000 Interest rate swap 328102 Lease obligations 549164 2657877 46140484 -1109580 -567344 -1676924 47817408 9685205 9685205 57502613 47086126 305727 305727 46780399 10032129 10032129 56812528 Part III, Line 4: The University owns approximately 3,028 works of art as follows: Photographs 296 Paintings 999 Works on paper 1,173 Sculpture (ceramics included) 514 Textile (does not include the Textile Collections) 46 The collection furthers the University's exempt purpose as an educational institution by providing an invaluable educational resource. The collection highlights the notable art trends and focuses on contemporary art and art created by women. The collection helps students broaden their world view by exposing them to a variety of modes of self expression. Part V, Line 4: The University's endowment consists of 126 donor-restricted funds established for scholarships, building maintenance, and other programs. Part XI, Line 2d - Other Adjustments: Change in split interest agreement -369,604. Valuation adjustment for interest rate swap agreement -156,543. Trust adminstration expenses -41,197. Part XI, Line 4b - Other Adjustments: Financial aid 9,990,932. Direct rental expenses -305,727. Part XII, Line 2d - Other Adjustments: Direct rental expenses 305,727. Part XII, Line 4b - Other Adjustments: Financial aid 9,990,932. Trust administration expenses 41,197. 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 publishes its nondiscriminatory policy on its website at: http://catalog.brenau.edu/ Schedule E, Part I, Line 6 The University receives Federal Student Financial Aid. 1 North America - Canada and Mexico, but 0 0 Program services Site Visit 1400 East Asia and the Pacific 0 0 Program Services Study Abroad & Faculty Exchange 115968 Europe (Including Iceland & Greenland) 0 0 Program Services Faculty Exchange 2800 0 0 0 0 0 0 120168 0 120168 North America - Canada and Mexico, but Educational 8000 Wire FMV 0 1 Financial assistance/scholarships East Asia and the Pacific 11 317306 Posted to student account FMV Financial assistance/scholarships Europe 9 274205 Posted to student account FMV Financial assistance/scholarships Russia & the Newly Independent States - 1 37876 Posted to student account FMV Financial assistance/scholarships South America 1 34876 Posted to student account FMV Financial assistance/scholarships South Asia 3 115107 Posted to student account FMV Financial assistance/scholarships Sub-Saharan Africa 2 8800 Posted to student account FMV Financial assistance/scholarships North America - Canada and Mexico, but 2 22618 Posted to student account FMV Financial assistance/scholarships Middle East and North Africa - Algeria, Bahrain, Djibouti, Egypt, 1 40423 Posted to student account FMV Financial assistance/scholarships Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, 1 1300 Posted to student account FMV 0 0 0 0 0 0 Part I, Line 2: The grants reported in Part III are scholarships to students. The use of scholarships is controlled by applying such amounts directly against balances owed by the student for tuition, fees and other qualifying educational expenses. X X X X X X X 1 Dr John S Burd 2900 Club Place Gainesville GA 30506 Consultant/Contractor soliciting gifts of art 0 138135 24000 114135 Coxe Curry & Associates 191 Peachtree Street NE Atlanta GA 30303 Consultant for Capital Campaign 0 0 174039 -174039 138135 198039 -59904 GA Schedule G, Part I, Line 2b, Column (v) The University is exempt for registration in the State of Georgia. 1 Scholarships and Financial aid 3002 9130421 Part I, Line 2: The University's financial aid department monitors and maintains records regarding all financial aid awards. X X X X X X X 1 1 X X X X X X 0 1 0 0 0 0 0 0 0 Dr Edward L Schrader Jr President 264926 0 130000 0 170907 0 60495 0 20872 0 647200 0 0 0 Dr David Barnett Sr. VP & CFO 169103 0 40000 0 16295 0 5144 0 9684 0 240226 0 0 0 Dr Nancy Krippel Provost & VPAA 167719 0 0 0 31740 0 13644 0 10998 0 224101 0 0 0 Jack Matthew Thomas VP for External Relations 138175 0 25000 0 1726 0 12127 0 24466 0 201494 0 0 0 Kathye Light Dept Chair - Physical Therapy 177655 0 0 0 3247 0 14661 0 15718 0 211281 0 0 0 Part I, Line 1a Part I, line 1a: First class travel - The University provides first class travel when the President travels. Part I, line 1a: Travel for companions - The University pays for the President's wife to travel with him. Tax indemnification and gross-up payments - The University's President received tax gross-up payments included as compensation in taxable income. Part I, line 1a: Discretionary spending account - The University's President received a discretionary spending allowance that is reported in taxable income. Part I, line 1a: Housing allowance or residence for personal use - The President is provided with a housing allowance that is reported in taxable income. Part I, line 1a: Social club dues - The University pays dues on behalf of the President. Part I, line 1a: Personal services - Cleaning services and lawn maintenance are provided for the University's President's personal residence. The value of this benefit is included in taxable income. Part I, Line 4b The University contributed 37,503 to a 457(f) for the President of the University. A Gainesville Redevelopment Authority 581520209 2013-02-01 13500000 Refinance Series 1999 Bonds and fund renovation of Downtown Center 0 0 0 B Gainesville and Hall County Redevelopment Authority 581501826 2014-06-06 7900000 Acquisition, constructions and installation of campus facilities 0 0 0 A 3093012 13500000 76728 3123272 10300000 1 0 1 1 B 218970 7900000 52950 7751254 95796 0 0 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 0 1 1 Branch Banking & Trust Company 8.000000000000 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 A 0 B 0 Dr Gale H Starich Dean of Graduate School and College of Health Sciences Employee debt X 140226 74189 0 1 1 74189 Featherbone Center LLC Trustees Philip A. Wilheit & James A. Walters are partners in Featherbone 460522 The University entered into a 57,776 square foot operating lease for its nursing facility,dance classroom space and occupational therapy facilities. An extensive search based on cost, suitability, and proximity to the main campus was made before selecting the property at the Featherbone Center. Mr. Walters and Mr. Wilheit abstained from voting. 0 Dr Edward L Schrader Jr University President 0 The University has a 31.7 percent ownership interest in the home of the University President. Upon sale of the home the University will receive a return of its investment of 226,500 plus 31.7 percent of the increase in the value of the home. 0 Carroll Daniel Construction Company Trustee Carole Ann Daniel is employed by & has ownership in Company 4638184 The University entered into construction contracts with this family owned business. Ms. Daniel is the Vice President and has an ownership interest in the company. Competitive bids were taken to ensure fees are reasonable. 0 Mrs Myra L Schrader University President is married to Myra L. Schrader 10000 The University compensates the President's spouse, Myra Schrader, for her services to the University in hosting numerous business and social events annually with a net contribution to her TIAA-CREF retirement account during the time Dr. Schrader is serving as President of the University. 0 Norton Agency Trustee Betty Norton has ownership in Company 293344 The University purchases general insurance from the Company. Mrs. Norton has an ownership interest in theCompany. Competitive bids were taken to ensure fees are reasonable. 0 X 7 152135 Fair market value X 249 62178 Fair market value X Miscellaneous 18 23405 Fair Market Value X Lawn Care Products 5 12760 Fair Market Value 5 0 1 1 Part I, Line 32b: The University uses the President Emeritus as an outside contractor to solicit gifts of art, and uses investment brokers to sell gifts of stock. Form 990, Part I, Line 1 Brenau University challenges students to live extraordinary lives of personal and professional fulfillment. As students pursue undergraduate and graduate degrees or non-degree programs at Brenau campuses and online, each prepares for a lifetime of intellectual accomplishment and appreciation of artistic expression through a curriculum enriched by the liberal arts, scientific inquiry and global awareness. Form 990, Part III, Line 1, Description of Organization Mission: Brenau University challenges students to live extraordinary lives of personal and professional fulfillment. As students pursue undergraduate and graduate degrees or non-degree programs at Brenau campuses and online, each prepares for a lifetime of intellectual accomplishment and appreciation of artistic expression through a curriculum enriched by the liberal arts, scientific inquiry and global awareness. Form 990, Part VI, Section A, line 1 The Executive Committee is composed of the Chairman, Vice-Chair, Secretary, Treasurer, and the Chairs of the Finance, External Relations, Facilities, Audit, Healthcare Education, Trusteeship, and Compensation Committees. The Executive Committee can act on behalf of the Board in all matters with respect to the affairs of the University when the Board of Trustees is not in session. Form 990, Part VI, Section A, line 2 Two University Trustees are members of a limited liability company that leases educational facilities to the University. See Schedule L. Form 990, Part VI, Section B, line 11 The Form 990 is reviewed by the Finance Committee of the Board of Trustees and made available online to the full board for review prior to filing. Form 990, Part VI, Section B, line 12c Trustees and officers are required to disclose annually any potential conflicts of interest which are reviewed and monitored by the University. Form 990, Part VI, Section B, line 15 The Compensation Committee of the Board of Trustees reviews comparability data supplied by a consultant to determine compensation of the President. The President uses comparability data to determine recommended compensation of top management and key employees to the Compensation Committee. Form 990, Part VI, Section C, line 18 The University's federal filings are available upon request. Form 990, Part VI, Section C, line 19 The University's governing documents are available upon request. Form 990, Part XI, line 9: Changes in split interest agreement -369,604. Valuation adjustment for interest rate swap -156,543.