2016-04-18T14:17:00-05:00 2015-05-31 363990892 Capin Crouse LLP 1255 Lakes Parkway Suite 130 Lawrenceville GA 30043 990 2014-06-01 582624570 Shorter University SHOR 7062912121 315 Shorter Avenue Rome GA 301654267 Susan Zeird VP of Finance, CFO 7062337201 2016-04-18 1 David C Moja P00747006 6785185301 2014 2016-08-17 19:52:53Z Dr Donald V Dowless 315 Shorter Avenue Rome GA 301654267 60178097 0 X www.shorter.edu X 1873 GA Shorter University is a private Christian non-profit comprehensive liberal arts institution. 30 28 932 65 0 0 5710324 3318577 42733853 39596331 1251104 1000274 111867 9972 49807148 43925154 12760228 12709951 0 0 19907784 19355640 0 0 549026 16625888 18140503 49293900 50206094 513248 -6280940 71282440 64241803 23543696 23199489 47738744 41042314 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 24543955 12709951 33553341 Instructional - funds expended for instructional activities in Associate, Bachelor, and Master degree programs. Enrollment in 2014-2015 included 2,917 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. 7922905 5919541 Student support - Funds expended for activities contributing to students' well being and intellectual, cultural, and social development outside of formal instruction. 7802961 123449 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. 40269821 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 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 3629 0 1 932 1 0 0 0 0 0 1 1 0 0 0 0 X 30 28 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 Carlisle Driggers Vice Chair of Board 1.00 X X 0 0 0 Joy Battles Secretary 1.00 X X 0 0 0 Clyde Collier Trustee 1.00 X 0 0 0 Jerry Emerson Trustee 1.00 X 0 0 0 Ken Guice Trustee 1.00 X 0 0 0 Don Hattaway Trustee 1.00 X 0 0 0 Gerald Shields Trustee 1.00 X 0 0 0 Stephen Anthony Trustee 1.00 X 0 0 0 Wanda Levan Trustee 1.00 X 0 0 0 Jennifer Reynolds Trustee 1.00 X 0 0 0 David Sparks Trustee 1.00 X 0 0 0 Randy Womack Trustee 1.00 X 0 0 0 Charlie Bridges Trustee 1.00 X 0 0 0 Cheryl Cox Trustee 1.00 X 0 0 0 Jim Dudley 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 Stacy Howell Trustee 1.00 X 0 0 0 Philip May Trustee 1.00 X 0 0 0 Sherold Salmon Trustee 1.00 X 0 0 0 Tony Swafford Trustee 1.00 X 0 0 0 Rickey Underhill Trustee 1.00 X 0 0 0 Bob Bagley Trustee 1.00 X 0 0 0 Bryan Griffin Trustee 1.00 X 0 0 0 Vivian Johnson Trustee 1.00 X 0 0 0 Richard Mills 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 Keith McBroom Part Year Trustee 1.00 X 0 0 0 Marilyn Drake Part Year Trustee 1.00 X 0 0 0 Jim Davenport Part Year Trustee 1.00 X 0 0 0 John Pennington Part Year Trustee 1.00 X 0 0 0 Jeff Hawkins Part Year Trustee 1.00 X 0 0 0 Dr Donald Dowless President 60.00 X 200819 0 53865 Dr Donald Martin Provost 60.00 X 133173 0 22455 Susan Zeird VP of Finance, CFO 60.00 X 103599 0 8579 Melissa Hickman College of Business Dean 40.00 X 112687 0 20683 Angela Haynes Nursing Dean 40.00 X 100618 0 15573 650896 0 121155 5 0 1 0 Aramark 315 Shorter Avenue Rome GA 30165 Food service 1496383 The Learning House Inc 427 South Fourth Street Louisville KY 40202 Online student portal 646280 Paskill & Stapleton Graphic Communicatio 1 Roberts Avenue Glenside PA 19038 Marketing 450446 National Management Resources Corp PO Box 1224 La Grange GA 30241 Janitorial service 409115 Follett Corporation 3 Westbrook Corporate Center Suite Westchester IL 60154 Bookstore service 282344 5 1994116 266745 1057716 55689 3318577 Tuition and fees 611110 33553341 33553341 Student support 611110 5919541 5919541 Academic support 611110 123449 123449 39596331 577268 577268 1040 1040 0 0 16674909 16245393 6510 429516 -6510 423006 423006 Insurance proceeds 900099 9972 9972 9972 43925154 39596331 0 1010246 12709951 12709951 532977 245169 239840 47968 109961 104909 1657 3395 15770319 13945375 1538963 285981 413443 367433 39819 6191 422126 385898 30814 5414 2106814 568041 1521117 17656 29505 23653 5806 46 189581 189581 55777 55777 3659835 3659835 564266 546506 17760 332165 229486 83169 19510 17621 17621 1842 1842 4043629 1674145 2353767 15717 1005362 979294 16259 9809 196324 167817 1129 27378 457492 322408 135084 1953279 1671649 281630 149034 149034 Bad Debt Expense 887253 887253 Repairs and Maintenance 524178 236343 287734 101 4073360 2281033 1682467 109860 50206094 40269821 9387247 549026 1038777 1655811 73833 219944 1215211 792757 2836381 1197092 544075 492774 66118969 26319938 41158545 39799031 14848492 15017585 1702100 1837324 1121432 1155689 6743594 2073796 71282440 64241803 3690234 3857679 3476814 2447200 14927611 15526109 1449037 1368501 23543696 23199489 X 27295526 20387217 7022889 7172612 13420329 13482485 47738744 41042314 71282440 64241803 X -6280940 161031 -632767 56246 X X 0 1 X 1 1 1 X 6254180 3333099 3191149 5710324 3328177 21816929 6254180 3333099 3191149 5710324 3328177 21816929 1035907 20781022 932312 906641 756522 680864 578308 3854647 940715 111867 9972 1062554 26734130 183447900 0.77730 X Schedule A, Part II: The organization is a school as described under 170(b)(1)(A)(ii) and is not required to complete a public support schedule. Schedule A, Part II is completed to verify the School can qualify under public charity status section 170(b)(1)(A)(vi) and qualifies to use the first listed special rule for Schedule B reporting. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 319669 X X X 0 14987046 47655 911031 608100 76350 15261282 13611416 181124 1790106 592920 2680 14987046 12273699 94247 1815770 572300 13611416 13154251 155833 -461085 575300 12273699 11387910 117092 2233149 583900 13154251 0.00000 0.78020 0.21980 1 1 1 10000 3190293 3200293 44751196 18752759 25998437 1796124 752657 1043467 16262035 6814522 9447513 109321 109321 39799031 Annuities payable 7279 Refundable advances from federal government 891199 Conditional asset retirement obligation 283446 Interest rate swap agreement 186577 1368501 X 31416941 161031 39198 57286 257515 31159426 55777 12709951 12765728 43925154 37480604 39198 1040 40238 37440366 55777 12709951 12765728 50206094 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 X, Line 2: The financial statement effects of a tax position taken or expected to be taken are recognized in the financial statements when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. Interest and penalties, if any, are included in expenses in the statement of activities. As of May 31, 2015, the University has analyzed its tax positions and believes that all more likely than not to be sustained upon examination. The Organization files information tax returns in the U.S. and various states. The Organization is generally no longer subject to U.S. federal and state income tax examinations by tax authorities for years before 2011. Part XI, Line 2d - Other Adjustments: Rental expenses 1,040. Change in value of interest rate swap 64,078. Change in value of split interest agreement -7,832. Part XI, Line 4b - Other Adjustments: Student financial aid netted with revenue on financial statement 12,709,951. Part XII, Line 2d - Other Adjustments: Rental expenses 1,040. Part XII, Line 4b - Other Adjustments: Student financial aid netted with revenue on financial statement 12,709,951. 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/academics/catalog/introduction.pdf. 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 0 0 Program services Study abroad 205475 Europe (Including Iceland & Greenland) 0 0 Program services Study abroad 102638 Sub-Saharan Africa 0 0 Program services Study abroad 42455 East Asia and the Pacific 0 0 Program services Study abroad 16510 South America 0 0 Program services Study abroad 12050 0 0 0 0 0 0 379128 0 379128 0 0 0 0 0 0 Part I, line 3: Accrual method is used to account for foreign expenditures. 1 Scholarships 1610 12709951 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 X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Dr Donald Dowless President 174013 0 25000 0 1806 0 17500 0 37281 0 255600 0 0 0 Dr Donald Martin Provost 130797 0 0 0 2376 0 6846 0 17332 0 157351 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. The University also pays the President's country club membership dues of $4,948 for the fiscal year ended May 31, 2015. The membership dues were treated as nontaxable as the club is utilized to take donors and business individuals to meals. 13870 Financial assistance Tuition assistance 35160 Merit based Tuition assistance 653 Need based Tuition assistance ADE Builders Entity more than 35% owned by family member of Bob English, Board Trustee 330889 The University has contracted with ADE Builders to build a residence hall. 0 Automax Rent A Car Inc Entity more than 35% owned by Sherold Salmon, Board Trustee 100648 The University contracted with Automax Rent a Car, Inc. for shuttle rentals for campus shuttles. 0 X Misc 24 21227 Replcmt/purchase $ X Furniture 6 15274 Replacement cost X Travel 21 13638 Purchase price X Meals 56 5550 Purchase price 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 Baptist Convention of the State of Georgia 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 11 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 during the current tax year. 15b) The independent President reviews and approves all new hire and compensation change forms and utilizes comparability data annually for the Provost and Vice President of Finance. 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 64,078. Change in value of split interest agreement -7,832. 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 Convention 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 Convention 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 Georgia Baptist Convention C Georgia Baptist Convention M