2017-05-12T08:40:18-05:00 2016-06-30 KPMG LLP 300 North Greene Street Suite 400 Greensboro NC 27401 990 2015-07-01 580566243 SPELMAN COLLEGE % ROBERT D FLANIGAN JR SPEL 4046813643 350 SPELMAN LANE SW ATLANTA GA 30314 ROBERT D FLANIGAN JR VP BUSINESS&FINANCE 4042705072 2017-05-10 true ALLISON H FRANKLIN P00448640 3362753394 2015 2021-01-29 14:40:06Z MARY SCHMIDT CAMPBELL 350 SPELMAN LANE SW ATLANTA GA 30314 242009611 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. 26 23 1533 688 0 0 20391174 25405859 71787867 75034569 44273434 15443764 1066804 1193796 137519279 117077988 17811181 17592015 0 0 48348962 50467612 50984 54267 3878303 45281396 45332411 111492523 113446305 26026756 3631683 565729276 546957215 106504889 99333541 459224387 447623674 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 46192196 17343402 53822412 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. 15433864 21212157 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. 4435754 RESEARCH SPELMAN COLLEGE PERFORMS RESEARCH, TRAINING AND OTHER SIMILAR SERVICES UNDER GRANTS WITH GOVERNMENTAL AGENCIES OR SPONSORING ORGANIZATIONS. 267379 PUBLIC SERVICE 7726859 ACADEMIC SUPPORT 12475549 248613 STUDENT SERVICES 20469787 248613 1193796 86531601 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 4615 0 true 1533 true true true false false false false false false false false false X 26 23 false false false false false false false true true false false true true true true true true true true false GA NY X ROBERT D FLANIGAN JR 4042705072 350 SPELMAN LANE SW ATLANTA GA 30314 X WALTER R ALLEN 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 ROSALIND G BREWER CHAIR 2.0 0.0 X 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 DONALD A COLEMAN TRUSTEE 2.0 0.0 X 0 0 0 KIMBERLY B DAVIS TRUSTEE 2.0 0.0 X 0 0 0 MARY LYNNE DIGGS ALUMNA TRUSTEE 2.0 0.0 X 0 0 0 CYNTHIA E JACKSON TRUSTEE 2.0 0.0 X 0 0 0 RICHARD D LEGON TRUSTEE 2.0 0.0 X 0 0 0 GWENDOLYN ADAMS NORTON TRUSTEE 2.0 0.0 X 0 0 0 LOVETTE T RUSSELL TRUSTEE 2.0 0.0 X 0 0 0 SUZANNE F SHANK TRUSTEE 2.0 0.0 X 0 0 0 ESTHER SILVER-PARKER TRUSTEE 2.0 0.0 X 0 0 0 RONDA E STRYKER VICE CHAIR 2.0 0.0 X X 0 0 0 BEVERLY DANIEL TATUM PRESIDENT EMERITA 35.0 1.0 X X 393705 0 128655 KATHY N WALLER TRUSTEE 2.0 0.0 X 0 0 0 CELESTE WATKINS-HAYES TRUSTEE 2.0 0.0 X 0 0 0 Pamela Joseph TRUSTEE 2.0 1.0 X 0 0 0 Gena Hudgins Ashe TRUSTEE 2.0 0.0 X 0 0 0 Kaye Foster-Cheek TRUSTEE 2.0 0.0 X 0 0 0 Mya Havard STUDENT TRUSTEE 5.0 0.0 X 2121 0 0 MARK LEE FACULTY TRUSTEE 35.0 0.0 X 95483 0 17061 D'RITA MELINDA ROBINSON TRUSTEE 2.0 0.0 X 0 0 0 MARY SCHMIDT CAMPBELL PRESIDENT 35.0 1.0 X X 175101 0 18504 ROBERT D FLANIGAN JR VP BUSINESS&FINANCE/TREASURER 35.0 15.0 X 350387 0 52000 JOHNNELLA BUTLER PROVOST 35.0 0.0 X 232495 0 44405 ELOISE ALEXIS VP COLLEGE RELATIONS THRU 7/31 35.0 0.0 X 161623 0 15394 KASSANDRA JOLLEY VP FOR DEVELOPMENT 35.0 0.0 X 235438 0 42490 DELORES BARTON VP & CHIEF INFORMATION OFFICER 35.0 0.0 X 165153 0 29477 MYRA BURNETT INTERIM PROVOST 35.0 0.0 X 202033 0 41262 DARNITA KILLIAN VP FOR STUDENT AFFAIRS 35.0 0.0 X 170403 0 36908 INGRID HAYES VP FOR ENROLLMENT MANAGEMENT 35.0 0.0 X 155262 0 33875 JANE SMITH VP FOR COLLEGE RELATIONS 35.0 0.0 X 142761 0 24878 RHONDA HONEGAN DIR OF INVESTMENTS 35.0 0.0 X 151429 0 28325 TOMIKA DEPRIEST DIR OF COMMUNICATIONS 35.0 0.0 X 172890 0 10772 BERNADETTE COHEN DIR OF HUMAN RESOURCES 35.0 0.0 X 148639 0 26297 HELGA GREENFIELD ASSOC DIR OF GOV'T RELATIONS 35.0 0.0 X 140961 0 25770 GLORIA WADE - GAYLES PROFESSOR 35.0 0.0 X 142877 0 22368 3238761 0 598441 43 false true false ARAMARK DINING SERVICES CAMPUS BOX 1109 350 SPELMAN LANE SW ATLANTA GA 303144395 FACILITY SERVICES 3626661 ARAMARK FACILITY SERVICES CAMPUS BOX 1109 350 SPELMAN LANE SW ATLANTA GA 303144395 FACILITY SERVICES 1285453 CHESAPEAKE ASSET MANAGEMENT LLC ONE ROCKEFELLER PLAZA SUITE 2321 NEW YORK NY 10020 INVESTMENT MANAGERS 1038995 MARSH USA INC 116 AVENUE OF THE AMERICAS NEW YORK NY 100362708 INSURANCE SERVICES 995606 MANN MECHANICAL COMPANY INC 100 PINE STREET AVONDALE ESTATES GA 300021015 MECH. CONTRACTORS 982563 26 2154000 7094964 16156895 8913 25405859 TUITION AND FEES 900099 53822412 53822412 AUXILARY ENTERPRISES 900099 21212157 21212157 75034569 2676875 2676875 0 0 0 0 0 137698512 124931623 12766889 12766889 12766889 0 0 0 OTHER MISCELLANEOUS 900099 1193796 1193796 1193796 117077988 76228365 15443764 248613 248613 17343402 17343402 0 0 2712443 886240 1304319 521884 0 36847317 28773048 6422695 1651574 1958195 1539161 299781 119253 6155396 4838203 942333 374860 2794261 2196317 427775 170169 0 391517 391517 243288 243288 55992 55992 54267 54267 1665980 1665980 6887529 5160487 1482700 244342 0 3729312 2648999 899780 180533 0 0 3562752 3041646 521106 2093545 1617375 301251 174919 0 0 2798588 1630261 1168327 0 5096175 3652646 1443529 1538394 1359909 178485 CLEANING EXPENSES 1217260 1003943 213317 AUC LIBRARY 2841743 2502500 339243 REPAIRS AND MAINTENANCE 3388544 2360161 1023071 5312 SPECIAL PROJECTS 3366776 2083564 970192 313020 6455016 3645126 2741720 68170 113446305 86531601 23036401 3878303 0 0 21031644 22461440 9041776 8444408 1521055 1913614 0 0 0 0 0 0 0 0 0 0 270703453 106263833 168340746 164439620 45426242 31505476 317560163 315475696 1483478 1471839 0 0 1324172 1245122 565729276 546957215 12666832 10896101 0 0 1518885 1090161 90302364 85530131 0 0 0 0 0 0 427220 213610 1589588 1603538 106504889 99333541 X 140787597 138422740 198622874 186485605 119813916 122715329 459224387 447623674 565729276 546957215 X 3631683 -15218069 -14327 X false true X true true true X 34477104 23251965 26128813 20391174 25405859 129654915 0 0 34477104 23251965 26128813 20391174 25405859 129654915 16143236 113511679 3747562 7071657 3646988 3704229 2676875 20847311 0 1035806 1096591 964918 1066804 1193796 5357915 155860141 347676427 0.72829 0.71180 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 65324 65324 false SCHEDULE C, PART II-B, QUESTION 1I OTHER ACTIVITIES SPELMAN COLLEGE RETAINS A CONSULTANT, PREVIOUSLY, POLSINELLI SHUGHART PC, NOW 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 $65,324 FOR THEIR SERVICES. X X X X X Curriculum enhancement & develop. true 365029335 2951117 187050 0 19759108 348408394 368648473 3027282 17084644 0 23731064 365029335 328779797 2010658 56724046 0 18866028 368648473 310081185 3526371 34925196 0 19752955 328779797 332285750 1607182 -2990194 0 20821553 310081185 0.16740 0.35220 0.48040 false true true 14687722 14687722 202743441 66221534 136521907 29165424 26646855 2518569 24106867 13395445 10711422 164439620 SHORT-TERM INVESTMENTS 9098847 F FIXED INCOME 23214841 F NON U.S. EQUITY 41801808 F MARKETABLE ALTERNATIVES 83255750 F REAL ASSETS 24094421 F PRIVATE EQUITY 134010029 F 315475696 0 ADVANCES FROM FEDERAL GOVERNMENT 1603538 1603538 X 84502190 -15218069 -15218069 99720259 17357729 17357729 117077988 96102903 96102903 17343402 17343402 113446305 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, 2016 AND 2015. SCHEDULE D, PART XI, LINE 4B CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 14,327 STUDENT AID RECLASS 17,343,402 ----------- TOTAL 17,357,729 =========== SCHEDULE D, PART XII, LINE 4B STUDENT AID RECLASS 17,343,402 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 Central America and the Caribbean 0 0 Program Services STUDY ABROAD 27055 East Asia and the Pacific 0 0 Program Services STUDY ABROAD 49781 Europe (Including Iceland and Greenland) 0 0 Program Services STUDY ABROAD 220815 South America 0 0 Program Services STUDY ABROAD 16480 Sub-Saharan Africa 0 0 Program Services STUDY ABROAD 24411 0 0 0 0 338542 338542 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 true COX CURRY ASSOCIATES FUNDRAISING CAMPAIGN false 26250 WASHBURN MCGOLDRICK INC CAMPAIGN CONSULTANTS false 28017 54267 true WHOLISTIC STRESS CONTROL INSTITUTE INC 2545 BENJAMIN E MAYS DR SW ATLANTA ATLANTA GA 30311 581786170 501(C)(3) 243933 N/A N/A SUB-CONTRACT 1 0 STUDENT FINANCIAL AID 1943 17343402 N/A N/A Schedule I, Part I, LINE 2 AND PART III 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 true true X X X X X X false true false false false false false false false BEVERLY DANIEL TATUM PRESIDENT EMERITA 375705 0 0 0 18000 0 76026 0 52629 0 522360 0 0 0 ROBERT D FLANIGAN JR VP BUSINESS&FINANCE/TREASURER 350387 0 0 0 0 0 16841 0 35159 0 402387 0 0 0 JOHNNELLA BUTLER PROVOST 232495 0 0 0 0 0 15183 0 29222 0 276900 0 0 0 ELOISE ALEXIS VP COLLEGE RELATIONS THRU 7/31 161623 0 0 0 0 0 5851 0 9543 0 177017 0 0 0 KASSANDRA JOLLEY VP FOR DEVELOPMENT 235438 0 0 0 0 0 14862 0 27628 0 277928 0 0 0 DELORES BARTON VP & CHIEF INFORMATION OFFICER 165153 0 0 0 0 0 10888 0 18589 0 194630 0 0 0 MYRA BURNETT INTERIM PROVOST 202033 0 0 0 0 0 13395 0 27867 0 243295 0 0 0 RHONDA HONEGAN DIR OF INVESTMENTS 151429 0 0 0 0 0 10299 0 18026 0 179754 0 0 0 DARNITA KILLIAN VP FOR STUDENT AFFAIRS 170403 0 0 0 0 0 11317 0 25591 0 207311 0 0 0 INGRID HAYES VP FOR ENROLLMENT MANAGEMENT 155262 0 0 0 0 0 10697 0 23178 0 189137 0 0 0 JANE SMITH VP FOR COLLEGE RELATIONS 142761 0 0 0 0 0 9197 0 15681 0 167639 0 0 0 TOMIKA DEPRIEST DIR OF COMMUNICATIONS 172890 0 0 0 0 0 3862 0 6910 0 183662 0 0 0 BERNADETTE COHEN DIR OF HUMAN RESOURCES 148639 0 0 0 0 0 9590 0 16707 0 174936 0 0 0 HELGA GREENFIELD ASSOC DIR OF GOV'T RELATIONS 140961 0 0 0 0 0 9198 0 16572 0 166731 0 0 0 GLORIA WADE - GAYLES PROFESSOR 142877 0 0 0 0 0 9410 0 12958 0 165245 0 0 0 MARY SCHMIDT CAMPBELL PRESIDENT 175101 0 0 0 0 0 2479 0 16025 0 193605 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 $2,987. THE VALUE OF THESE DUES WAS NOT TREATED AS TAXABLE COMPENSATION. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE HOUSING VALUED AT $16,937 WAS PROVIDED TO BEVERLY DANIEL TATUM. HOUSING VALUED AT $12,098 WAS PROVIDED TO MARY SCHMIDT CAMPBELL. THE VALUE OF THE HOUSING WAS NOT TREATED AS OTHER TAXABLE COMPENSATION. PERSONAL SERVICES A DRIVER WAS PROVIDED FOR BEVERLY DANIEL TATUM. THE VALUE WAS NOT TREATED AS TAXABLE COMPENSATION. CHAUFFEUR SERVICES WERE PROVIDED TO MARY SCHMIDT CAMPBELL. THE VALUE WAS NOT TREATED AS TAXABLE COMPENSATION. SCHEDULE J, PART I, LINE 4B PRESIDENT'S OTHER REPORTABLE COMPENSATION BEVERLY DANIEL TATUM'S OTHER REPORTABLE COMPENSATION ON PART II, COLUMN B(III) IS COMPOSED OF $18,000, WHICH IS 457(B) DEFERRED COMPENSATION PAID IN ACCORDANCE WITH HER EMPLOYMENT CONTRACT. ADDITIONALLY, RETIREMENT AND OTHER DEFERRED COMPENSATION REPORTED ON PART II, COLUMN C IS COMPRISED OF 59,340 WHICH IS 457(F) FORFEITABLE DEFERRED COMPENSATION PAYABLE IN ACCORDANCE WITH HER EMPLOYMENT CONTRACT. A DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 359900TAS 2007-03-21 64041214 SEE PART VI false false false B DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 2009-09-01 1500000 SEE PART VI false false false C DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 2009-09-01 6100000 SEE PART VI false false false D DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 3599002LO 2012-04-19 28349973 SEE PART VI false false false A 62455000 0 68883486 0 3777739 0 754073 0 0 54773104 9578570 0 2009 true false false true B 1200000 0 1500000 0 0 0 0 0 0 0 1500000 0 1999 true false true true C 2000000 0 6100000 0 0 0 0 0 0 0 6100000 0 2004 true false true true D 5205000 0 28349973 0 0 18272757 460658 0 0 0 9616557 0 2012 true true true true A false true true true false 0.00420 0.00420 false false false true B false false true true true true 0.02900 0.02900 false false false true C false false false false 0 false false false true D false false true true false 0 false false false true A true false false 0 true HYPE PUBLIC FINANCE 2.2 true false true B true true false 0 false 0 false true C true true false 0 false 0 false true D false true false false false false 0 false 0 false true A false B false C false D false DESCRIPTION OF PURPOSE SCHEDULE K, PART I, COLUMN F DEVELOPMENT AUTHORITY OF FULTON COUNTY: A- 1. CONSTRUCTION OF IMPROVEMENTS TO COLLEGE FACILITIES, INCLUDING A NEW DORMITORY AND CAMPUS INFRASTRUCTURE; 2007 PROCEEDS USED: $54,773,104. 2. CURRENT REFUNDING OF A PORTION OF PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY REVENUE BONDS (SPELMAN COLLEGE PROJECT), SERIES 1994, ISSUANCE DATE: JULY 21, 1994; PROCEEDS USED: $5,085,377. 3. CURRENT REFUNDING OF PROMISSORY NOTE, ISSUED NOVEMBER 17, 2004; 2007 PROCEEDS USED: $4,493,194. B- REISSUANCE OF DEVELOPMENT AUTHORITY OF FULTON COUNTY ADJUSTABLE RATE DEMAND REVENUE BONDS (SPELMAN COLLEGE PROJECT), SERIES 1996 (TREATED AS CURRENT REFUNDING); ISSUE DATE: DECEMBER 1, 1996. C- 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. D- 1. ADVANCE REFUNDING OF A PORTION OF PRIVATE COLLEGES AND UNIVERSITIES REVENUE BONDS (SPELMAN COLLEGE PROJECT) SERIES 2003; ISSUE DATE: JANUARY 30, 2003; PROCEEDS USED: $18,272,757 2. CURRENT REFUNDING OF PROMISSORY NOTE ISSUED OCTOBER 29, 2008; 2012 PROCEEDS USED: $6,440,526 3. CURRENT REFUNDING OF PROMISSORY NOTE; ISSUE DATE: FEBRUARY 28, 2010; 2012 PROCEEDS USED: $3,192,547 PRIVATE COLLEGES & UNIVERSITY AUTHORITY: A- 1. CONSTRUCTION, RENOVATIONS AND EQUIPPING OF COLLEGE FACILITIES; 2003 PROCEEDS USED: $23,660,980. 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. TOTAL PROCEEDS OF ISSUE SCHEDULE K, PART II, LINE 3 DEVELOPMENT AUTHORITY OF FULTON COUNTY: B - THIS WAS A REISSUANCE OF THE SERIES 1996 BONDS AND NO CASH PROCEEDS WERE GENERATED. THE REISSUANCE WAS TREATED AS A CURRENT REFUNDING. C - THIS WAS A REISSUANCE OF THE SERIES 1999 BONDS AND NO CASH PROCEEDS WERE GENERATED. THE REISSUANCE WAS TREATED AS A CURRENT REFUNDING. EXPLANATION OF VARIANCE SCHEDULE K, PART II, LINE 3 The Part I, Column (e) issue price does not agree with the Part II, line 3 Total proceeds of issue for certain bonds due to the inclusion of interest and other investment earnings on the proceeds accounts. SCHEDULE K, PART II, LINE 9 PRIVATE COLLEGES & UNIVERSITY AUTHORITY: A - TOTAL CAPITAL EXPENDITURES OF $24,835,937 INCLUDES CAPITALIZED INTEREST OF $1,174,957. B - TOTAL CAPITAL EXPENDITURES OF $58,550,843 INCLUDES CAPITALIZED INTEREST OF $3,777,739. SCHEDULE K, PART III, LINE 3C DEVELOPMENT AUTHORITY OF FULTON COUNTY: A, 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). PRIVATE COLLEGES & UNIVERSITIES AUTHORITY: A: 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). A PRIVATE COLLEGES & UNIVERSITY AUTHORITY 581407790 74265LQB7 2003-01-30 30800673 SEE PART VI false false false A 8950000 17010000 31540044 0 1174857 0 487968 0 0 23664199 6213020 0 2007 false true true true A false false true true false 0 false false false true A true false false 0 false 0 true true A false A DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 3599006W2 2015-04-21 60338401 SEE PART VI false false false A 0 0 60338401 0 0 0 655536 0 0 0 59682865 0 2017 false true A false false false false 0 false false false true A false true false false false false 0 false 0 false true A false X SEE PART II 5 8913 FMV false true true SCHEDULE M, PART I, QUESTIONS 25-27 OTHER NON-CASH CONTRIBUTIONS DONATIONS OF VARIOUS ITEMS: SPECIAL EVENTS SPONSORSHIP, ELECTRIC VEHICLE CHARGERS, AND MISCELLANEOUS. FAIR MARKET VALUED AT $8,913. 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 HUMAN RESOURCES COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THE RECOMMENDATIONS MADE BY THE COMPENSATION CONSULTANT AND MAKES A RECOMMENDATION TO THE FULL BOARD OF TRUSTEES. THE FULL BOARD OF TRUSTEES VOTES ON THE PRESIDENT'S COMPENSATION PACKAGE. WITH RESPECT TO OTHER OFFICERS AND KEY EMPLOYEES, THE COMPENSATION OF THESE INDIVIDUALS IS DETERMINED BY THE PRESIDENT. THE PRESIDENT RECOMMENDS THE COMPENSATION FOR THESE INDIVIDUALS. THE HUMAN RESOURCES 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 DOES NOT MAKE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. HOWEVER, DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 9 OTHER CHANGES IN NET ASSETS CHANGE IN VALUE OF SPLIT INTEREST TRUSTS (14,327) FORM 990, PART VII BOARD MEMBER SERVICE PERIOD BEVERLY DANIEL TATUM SERVED ON THE BOARD FROM JULY 1, 2015 THROUGH JULY 31,2015. 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) 11 NA true false false true false false false false false false false false false false false false false false true SPELMAN COLLEGE SPECIAL VENTURES FUND INC C 2154000 COST SPELMAN COLLEGE SPECIAL VENTURES FUND INC S 14617657 COST