2016-04-29T08:25:00-05:00 2015-06-30 454084437 Warren Averett LLC Six Concourse Parkway Suite 600 Atlanta GA 30328 990 2014-07-01 580593414 Young Harris College YOUN 7063793111 PO Box 68 Young Harris GA 30582 Wade M Benson CPA Controller 7063793111 2016-04-29 1 E Wayne Williams Jr P00294425 7703961100 2016-04-29 2014 2016-08-17 19:52:53Z L Cathy Cox PO Box 68 Young Harris GA 30582 79509728 0 X www.yhc.edu X 1886 GA Young Harris College educates, inspires, and empowers students through a comprehensive liberal arts experience that integrates mind, body, and spirit. 49 41 819 48 -12136 -12136 5535626 3882608 35650292 41009915 6220838 3761937 -38289 -19031 47368467 48635429 16351666 19517357 0 0 14963921 15428244 87875 18000 2468920 16940494 18891144 48343956 53854745 -975489 -5219316 230464519 220442680 72061354 68593886 158403165 151848794 X Young Harris College educates, inspires, and empowers students through a comprehensive liberal arts experience that integrates mind, body, and spirit. 0 0 9625655 30556484 Instructional: Funds expended to educate students through a comprehensive liberal arts bachelor's degree program delivered through innovative academic instruction. Enrollment in 2014-2015 included approximately 1,292 students. Academic offerings include Art, Biology, Business and Public Policy, Chemistry, Communications Studies, Education (Early Childhood), Education (Middle Grades), English, History, Mathematics, Music, Music Education, Outdoor Leadership, Psychology, Religious Studies, Spanish and Theatre. 3276028 Academic Support: Funds expended to provide faculty administration and support, faculty development opportunities, curriculum enrichment and library, technology, and research and planning services. These expenditures are integral to the operation and support of quality academic programs and the retention and empowerment of excellent faculty. Curriculum and program development expenses are recorded in this category. 19517357 19517357 Student Financial Assistance: The College is committed to recruiting excellent students and helping secure the necessary and appropriate resources to meet the cost of an excellent education. The comprehensive student financial assistance program includes scholarships, grants, loans, and part-time campus employment. 98.38% of the students enrolled during 2014-2015 received some form of financial assistance. The College committed additional resources to meeting the needs of the students in response to increased occurrences of financial need during this year. 6686076 398245 Student Services: Funds expended for innovative programs and services which challenge students culturally, athletically and spiritually. The College strives to recruit and retain excellent students and empower them to reach their full potential. These expenditures provide support for extracurricular activities and student related services at the College which are essential to the students' well being and contribute to the quality of life outside the formal academic programs. Also, expenditures for student involvement in projects that impact the local community are included. 7240601 10055186 Auxiliary Services: Funds expended for meal services and the operation, repair and maintenance of the College's residence halls, dining hall, and recreation facility. 13926677 10453431 46345717 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 1 0 1 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 126 0 1 819 1 1 1 0 0 0 0 1 1 0 0 0 0 X 49 41 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 1 0 GA X Wade M Benson CPA 7063793111 1 College Street Young Harris GA 305820068 L Cathy Cox President/Ex Officio Trustee 40.00 X X 303072 0 101735 M Brantley Barrow Board Chair / Executive Committee Chair 1.00 X X 0 0 0 James T Johnston Jr Secretary / Athletics Committee Chair 1.00 X X 0 0 0 Wyck A Knox Jr Vice Board Chair/Finance Committee Chair 1.00 X X 0 0 0 Julie D Salisbury Marketing Committee Chair 1.00 X 0 0 0 Jonathan F Anderson Properties Committee Chair 1.00 X 0 0 0 Rene' M Diaz Academic Affairs Committee Chair 1.00 X 0 0 0 Margaret R Buker Student Affairs Committe Chair 1.00 X 0 0 0 Dr Don A Harp Jr Trusteeship, Goveranace, and Compensation Comm 1.00 X 14400 0 0 Pam R Rollins Development Committee Chair 1.00 X 0 0 0 Kurt T Momand Endowment Committee Chair 1.00 X 0 0 0 Paul D Beckham Trustee 0.50 X 0 0 0 Richard J Burrell Trustee 0.50 X 0 0 0 Thomas M Carroll Trustee 0.50 X 0 0 0 The Hon Earl L Carter Trustee 0.50 X 0 0 0 Julia Webb Davis Trustee 0.50 X 0 0 0 William F Easterlin III Trustee 0.50 X 0 0 0 Dr James F Ellison Trustee 0.50 X 0 0 0 Clair W Frazier Trustee 0.50 X 0 0 0 Alvin Gibson Trustee 0.50 X 0 0 0 Rev David T Haygood Sr Trustee 0.50 X 0 0 0 Robert L Head Trustee 0.50 X 0 0 0 W Ron Hinson Trustee 0.50 X 0 0 0 Henry M Huckaby Trustee 0.50 X 0 0 0 Gerald W Hudgins Trustee 0.50 X 0 0 0 Ray P Lambert Jr Trustee 0.50 X 0 0 0 Rubye M Lucas Trustee 0.50 X 0 0 0 Richard W McGinnis Trustee 0.50 X 0 0 0 Ted McMullan Trustee 0.50 X 0 0 0 The Hon Murphy Miller Trustee 0.50 X 0 0 0 Jerry W Nix Trustee 0.50 X 0 0 0 Dr Robert V Ozment Trustee 0.50 X 0 0 0 David A Pattillo Trustee 0.50 X 0 0 0 Loulie Tarbutton Reese Trustee 0.50 X 0 0 0 William F Roberts Trustee 0.50 X 0 0 0 Jane Peeples Stanfield Trustee 0.50 X 0 0 0 Jimmy C Tallent Trustee 0.50 X 0 0 0 Michele T White Trustee 0.50 X 0 0 0 Marlan B Wilbanks Trustee 0.50 X 0 0 0 James E Williams Trustee 0.50 X 0 0 0 Kirk S Wimberly III Trustee 0.50 X 0 0 0 The Hon Charles S Wynne Trustee 0.50 X 0 0 0 Dr William Harry Hill Life-Time Trustee 0.50 X 0 0 0 The Hon Zell B Miller Life-Time Trustee 0.50 X 0 0 0 Rev Cindy Autry Ex-Officio Trustee 0.50 X 0 0 0 Rev Richard Chewning Ex-Officio Trustee 0.50 X 0 0 0 Espen Myklebust Ex-Officio Trustee 0.50 X 0 0 0 Robert M Murray Ex-Officio Trustee 0.50 X 0 0 0 Bishop B Michael Watson Ex-Officio Trustee 0.50 X 0 0 0 David R Leopard Immed Past Sr. VP of Fin & Admin/Treasurer 40.00 X 157072 0 38243 Thomas G Estes Interim Senior VP of Finance and Admin/Treasurer 40.00 X 15000 0 0 Dr Gary L Myers VP of Academic Affairs 40.00 X 163932 0 20494 Jay T Stroman Immed Past VP of Advancement 40.00 X 175595 0 19838 Wade M Benson Controller 40.00 X 112385 0 31444 Clinton Hobbs VP of Enrollment Management 40.00 X 103259 0 18919 1044715 0 230673 6 0 1 0 Choate Construction Company 8200 Roberts Road Suite 600 Atlanta GA 30350 General Contractor 20907608 Sodexo Inc PO Box 536922 Atlanta GA 30353 Food and Physical Plant Services 3842221 Lipman Hearne PO Box 88634 Dept A Chicago IL 60680 Advertising Consultants 444605 Brailsford & Dunlavey 1140 Connecticut Avenue NW Suite 4 Washington DC 20036 Facility Planners 434316 VMDO Architects 200 E Market Street Charlottesville VA 22902 Architects 408042 9 75420 494243 3312945 1128128 3882608 Tuition & fees 611710 30556484 30556484 Auxiliary services 611710 10055186 10055186 Student support 611710 398245 398245 41009915 3031657 3031657 31581071 4650 30855441 0 725630 4650 730280 4650 725630 16613 75420 18858 -2245 -2245 Income (loss) from rec center mem 713940 -5006 -5006 Income (loss) from partnerships 523000 -11780 -11780 -16786 48635429 41009915 -12136 3755042 16987698 16987698 2529659 2529659 748451 192949 541102 14400 11481513 10015852 765287 700374 655391 568786 50040 36565 1726548 1473311 124846 128391 816341 689902 81003 45436 78335 78335 63863 63863 18000 18000 176894 176894 421521 170427 237768 13326 1314955 218034 79543 1017378 3382615 3212316 121182 49117 2073047 2014297 44266 14484 973473 812121 54419 106933 1745674 1745674 4098525 3967179 131346 372623 167192 205431 Student meals 2272159 2236887 21053 14219 Other expense 845989 387613 452471 5905 Programs and promotions 580972 394362 0 186610 Printing and Postage 284381 172943 18361 93077 206118 134189 47224 24705 53854745 46345717 5040108 2468920 1930381 4902190 7152794 1267749 96692 78618 941119 862303 1356751 1592738 142595105 36129206 101614405 106465899 41397657 30858873 71966220 71152026 4008500 3262284 230464519 220442680 5437877 2016608 65500000 65479370 1123477 1097908 72061354 68593886 X 60851266 59990301 19618231 14528424 77933668 77330069 158403165 151848794 230464519 220442680 X -5219316 -352925 -982130 X 0 1 X 1 1 1 X 27516717 7798095 16400616 5535626 3882608 61133662 27516717 7798095 16400616 5535626 3882608 61133662 30507005 30626657 3084753 2967482 3267202 3267838 3031657 15618932 76752594 155533285 0.39900 0.42110 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 43148239 189334 884308 4754824 39467057 41511602 510097 6578587 5452047 43148239 42573961 176515 5191710 6430584 41511602 48772461 797380 -1752224 5243656 42573961 43385308 1476550 11693503 7782900 48772461 0.39000 0.54420 0.06580 1 0 3228258 3228258 112921698 15900803 97020895 7943186 5440492 2502694 18154437 14787911 3366526 347526 347526 106465899 Flexible capital 9503669 F Beneficial interest in perpetual trust 55304791 F Beneficial interest in remainder trust 2285375 F Investments held in trust for others 3444850 F Real estate 613341 F 71152026 Due to beneficiaries 596172 Deposits 501736 1097908 27830577 -352925 36638 -971208 -1287495 29118072 19517357 19517357 48635429 34384948 36638 10922 47560 34337388 19517357 19517357 53854745 Part V, Line 4: The endowment funds are used for scholarships, academic chairs, library, public programs, maintenance, long-term facility repairs and replacement, and other. Part XI, Line 2d - Other Adjustments: Change in value of split interest agreements -971,208. Part XI, Line 4b - Other Adjustments: Scholarships and financial assistance 19,517,357. Part XII, Line 2d - Other Adjustments: Distribution to beneficiaries 10,922. Part XII, Line 4b - Other Adjustments: Scholarships and financial assistance 19,517,357. 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 College publishes and upholds the following policy: "Young Harris College does not discriminate on the basis of race, color, religion, sex, age, national origin or ancestry, physical or mental disability, veteran status, genetic information and any other basis protected by federal, state, or local laws in the administration of its scholarship and loan program, admission, athletic, or other school administered College programs." All members of the College community are expected and obligated to uphold this policy. Schedule E, Part I, Line 6 The College receives aid from governmental agencies to support its student financial aid programs. In the current year, the College received and distributed governmental aid totaling $494,243. 1 Europe (Including Iceland & Greenland) 0 0 Program Services Study Abroad Programs 63894 Central America and the Caribbean 0 0 Investments 5550869 Europe (Including Iceland & Greenland) 0 0 Program Services Athletic Programs 24899 0 0 0 0 0 0 5639662 0 5639662 Financial Assistance Europe - 52 1261137 Credit to bursar accounts Financial Assistance Sub-Saharan Africa - Angola, 1 12000 Credit to bursar accounts Financial Assistance East Asia and the Pacific - 1 26391 Credit to bursar accounts Financial Assistance Central America and the Caribbean - 19 471449 Credit to bursar accounts Financial Assistance South America 15 351087 Credit to bursar accounts Financial Assistance North America - Canada 15 407595 Credit to bursar accounts 0 0 0 0 0 0 Part I, Line 2: Financial aid is credited directly to students' accounts through the business office. Foreign program services are reported upon actual expenditures in the region. Part I, line 3: Accounting for foreign investments is based upon the fair market value at year end. X X X X X X X 1 Don A Harp Jr 2720 Winding Lane Atlanta GA 30319 Fundraising consulting 0 0 14400 -14400 Myers McRae PO Box 2831 Highlands NC 28741 Fundraising consulting 0 0 18000 -18000 32400 -32400 Clay Dotson Open 92033 75420 16613 1123 7242 10493 92033 75420 16613 1123 7242 10493 18858 -2245 1 Scholarships and financial assistance 1168 16987698 Part I, Line 2: Young Harris College develops financial aid awards based upon a combination of factors, including the student's demonstrated financial need as determined by the FAFSA or other family financial indicator as accepted by the College, high school GPA, and SAT or ACT scores. Aid is to be awarded in the manner which best serves the greatest number of students and which is in keeping with the intent of the various campus programs. All institutional financial aid awards are made in accordance with the student's ability to maintain satisfactory academic progress. The Financial Aid Department monitors the students' satisfactory academic progress annually for institutional aid to determine continued eligibility. Standards are set on qualitative and quantitative progress. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 L Cathy Cox President/Ex Officio Trustee 303072 0 0 0 0 0 81814 0 19921 0 404807 0 0 0 David R Leopard Immed Past Sr. VP of Fin & Admin/Tre 157072 0 0 0 0 0 9424 0 28819 0 195315 0 0 0 Dr Gary L Myers VP of Academic Affairs 163932 0 0 0 0 0 10320 0 10174 0 184426 0 0 0 Jay T Stroman Immed Past VP of Advancement 175595 0 0 0 0 0 9717 0 10121 0 195433 0 0 0 Part I, Line 1a The President of the College is provided with a residence on its campus as a condition of employment to perform responsibilities integrally related to her responsibilities. Accordingly, the value of this housing is not included in taxable compensation. United Community Bank Inc Bank officers and board include the College's President and three Trustees. The College has several cash accounts with this local area bank which also participates in the College's loan syndication. The bank's Chief Executive Officer, Jimmy C. Tallent, is a member of the College's Board of Trustees. The College's President, L. Cathy Cox, is a director of the bank and two other members of the College's Board of Trustees, Robert L. Head and Zell B. Miller, are emeritus directors of the bank. Neither the College's President, nor the three Board of Trustee members were involved in the decision to select this bank as service provider to the College. 0 Atlantic Capital Bank Bank's board includes one Trustee. 1763906 The College has a cash account at this Atlanta area bank which facilitated, administers, and participates in the College's loan syndication. One of the College's Trustees, Rene' M. Diaz, is also on the bank's board. This Trustee was not involved in the decision to select this bank as a service provider to the College. 0 X 1305 Estimated fair value X 17 1101653 Listed exchange value X Equipment/furniture 5 11906 Estimated fair value X Supplies 13 9664 Estimated fair value X Campus improvements 3 3600 Estimated fair value 0 1 0 Form 990, Part VI, Section A, line 2 The Honorable Zell B. Miller and the Honorable Murphy Miller are father and son, respectively, and both serve on the College's Board of Trustees. Form 990, Part VI, Section A, line 2 The College's President and three members of the College's Board of Trustees have a business relationship with a local area bank, United Community Bank, Inc. The bank's Chief Executive Officer, Jimmy C. Tallent is one of the College's Board of Trustees. The College's President, L. Cathy Cox, is a director of the bank and two other members of the College's Board of Trustees, Robert L. Head, Jr. and Zell B. Miller, are emeritus directors of the bank. Form 990, Part VI, Section B, line 11 The Form 990 is sent electronically or by direct mail to all voting Trustees for review prior to filing. Form 990, Part VI, Section B, line 12c The organization reviews and monitors any possible conflicts that are listed on the annual required disclosures filed by the officers, directors and employees. Form 990, Part VI, Section B, line 15 The Trusteeship, Governance, Compensation Committee of the Board of Trustees reviews and approves the President's compensation. The Vice Presidents' compensation is reviewed and approved by the President. The Human Resource Office maintains comparability data and all employee information. Form 990, Part VI, Section C, line 18 The College's Form 990 is available upon request. Form 990, Part VI, Section C, line 19 The College's governing documents are available upon request. Form 990, Part VI, Section B, Line 16b: The College's equity interest in any joint venture is so small and in the nature of an investment interest, rather than as an active participant in the activities of any venture. As such, it is not necessary to have initiation and veto powers. These investments are permitted under the provisions of the College's investment policy and evaluated on a case-by-case basis with consideration of the protection of the College's tax-exempt status. Form 990, Part XI, line 9: Change in value of split interest agreements -971,208. Distribution to beneficiaries -10,922.