2014-04-09T10:40:45-05:00 2013-05-31 363990892 Capin Crouse LLP 1255 Lakes Parkway Suite 130 Lawrenceville GA 30043 990 2012-06-01 582624570 Shorter University SHOR 7062912121 315 Shorter Avenue Rome GA 301654267 Susan Zeird 7062337201 2014-04-09 1 David C Moja P00747006 6785185301 2012 2015-11-30 17:44:51Z Dr Donald V Dowless 315 Shorter Avenue Rome GA 301654267 65360543 0 X www.shorter.edu X 1873 GA Shorter University is a private non-profit comprehensive liberal arts institution. 30 29 1123 47 0 0 3333099 3191149 51692854 44379336 844483 1499225 357745 940715 56228181 50010425 13287363 12019658 0 0 18036433 20936419 0 0 660782 24251687 17780934 55575483 50737011 652698 -726586 63328537 66695433 18924485 21136035 44404052 45559398 X The mission of Shorter University is to provide quality higher education, enabling and encouraging student commitment to active life-long learning, personal spiritual values, responsible citizenship, and community and societal leadership in a global context. 0 0 11350077 39046163 Instructional - funds expended for instructional activities in Associate, Bachelor, and Master degree programs. Enrollment in 2012 - 2013 included 2,971 students. 12019658 12019658 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. 8765177 5289519 Student support - Funds expended for activities contributing to students' well being and intellectual, cultural, and social development outside of formal instruction. 8440162 43654 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. 8440162 43654 40575074 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 1 0 1 0 0 0 0 1 0 0 0 1 61 0 1 1123 1 0 0 0 0 0 1 1 0 0 0 0 X 30 29 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 1 0 GA X Susan Zeird 7062912121 315 Shorter Avenue Rome GA 301654267 Joe Frank Harris Jr 1.00 X X 0 0 0 Don Hattaway 1.00 X X 0 0 0 Marilyn Drake 1.00 X 0 0 0 Lewis Abbott 1.00 X 0 0 0 John Bowman 1.00 X 0 0 0 Charlie Bridges 1.00 X 0 0 0 Clyde Collier 1.00 X 0 0 0 Cheryl Cox 1.00 X 0 0 0 Jim Davenport 1.00 X 0 0 0 Carlisle Driggers 1.00 X 0 0 0 Jim Dudley 1.00 X 0 0 0 Jerry Emerson 1.00 X 0 0 0 Bob English 1.00 X 0 0 0 David Franklin 1.00 X 0 0 0 Ken Guice 1.00 X 0 0 0 Jeff Hawkins 1.00 X 0 0 0 Parnick Jennings 1.00 X 0 0 0 Jim Law 1.00 X 0 0 0 Wanda Levan 1.00 X 0 0 0 Keith McBroom 1.00 X 0 0 0 David Parker 1.00 X 0 0 0 John Pennington 1.00 X 0 0 0 Ralph Presley 1.00 X 0 0 0 Scarlett Rackley 1.00 X 0 0 0 Jennifer Reynolds 1.00 X 0 0 0 Gerald Shields 1.00 X 0 0 0 David Sparks 1.00 X 0 0 0 James Watkins 1.00 X 0 0 0 J Robert White 1.00 X 0 0 0 Randy Womack 1.00 X 0 0 0 Lamar Barden 1.00 X 0 0 0 Joy Battles 1.00 X 0 0 0 David Harper 1.00 X 0 0 0 Curtis Hart 1.00 X 0 0 0 Patrick Milsaps 1.00 X 0 0 0 Tony Swafford 1.00 X 0 0 0 Ken Watkins 1.00 X 0 0 0 Gail Wilkins 1.00 X 0 0 0 Dr Donald Dowless 60.00 X 200416 0 40519 Dr Donald Martin 60.00 X 81614 0 13173 Susan Zeird 60.00 X 78748 0 8761 Stephanie Owens 60.00 X 129561 0 15848 490339 0 78301 2 0 1 0 ADE Builders Inc 695 Lawrence Street Marietta GA 30065 Contractor 1813917 Aramark 1101 Market Street 14th Floor Philadelphia PA 19107 Food Service 1748603 FHEG Shorter College Bookstore 3146 Solutions Center Chicago IL 60677 Bookstore 663759 JPMCC 2006-LDP7 Powers Ferry Road LP PO Box 6180 Hicksville NY 11802 Landlord 551308 National Management Resource Corp PO Box 1224 LaGrange GA 30241 Cleaning Service 453706 38 297061 2894088 112980 3191149 Tuition and fees 611710 39046163 39046163 Student support servic 611710 5289519 5289519 Academic support servi 611710 43654 43654 44379336 748897 748897 7625 7625 0 0 16069421 23400 15324021 18472 745400 4928 750328 750328 Insurance proceeds 900099 940715 940715 940715 50010425 44379336 0 2439940 12019658 12019658 605256 282994 269874 52388 16864556 14809503 1720570 334483 380556 317803 45450 17303 1839387 48320 1791067 1246664 1074681 148404 23579 80293 80293 103428 103428 50842 50842 3993234 3385027 538559 69648 590173 566566 23607 991115 953278 34146 3691 4909 4909 3704803 1477501 2222918 4384 1144846 1062253 30363 52230 245868 240498 5370 308071 268022 40049 1769700 1524000 245700 2201135 108360 2092775 Study Abroad 579358 579358 Repairs and Maintenance 290860 205308 81347 4205 1722299 1647035 75264 50737011 40575074 9501155 660782 732180 1440744 366478 302493 480985 360526 3692958 2786294 731898 830666 58460025 23033251 33006717 35426774 12544681 14060400 1453476 1528576 1076972 1080610 9242192 8878350 63328537 66695433 3342642 2630902 4395502 3263532 8960480 12744425 2225861 2497176 18924485 21136035 X 26985635 27438858 4478499 4998838 12939918 13121702 44404052 45559398 63328537 66695433 X -726586 1750874 131058 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 65000 65000 X X X 0 12273699 72491 1815770 572300 13589660 13154251 155833 -461085 575300 12273699 11387910 117092 2233149 583900 13154251 10221293 45453 1640164 519000 11387910 12706416 268973 -2104096 650000 10221293 0.00360 0.14030 0.85610 1 1 1 1082216 1082216 36843686 8523307 28320379 1713122 605266 1107856 16057654 13904678 2152976 2763347 2763347 35426774 Funds held in trust by others 8878350 8878350 Annuities payable 18443 Refundable advances from federal government 897073 Conditional asset retirement obligation 239911 Interest rate swap agreement 338539 Deferred rent 930973 Capital lease obligations 72237 2497176 X 39829482 1750874 138683 1889557 37939925 50842 12019658 12070500 50010425 38674136 7625 7625 38666511 50842 12019658 12070500 50737011 Part III, Line 4: The University received a collection of religious art that is currently on display for the students. Description of Intended Use of Endowment Funds: Part V, Line 4: The majority of Shorter University's endowment intends to provide scholarships to students with a small amount restricted for professorships. Description of Uncertain Tax Positions Under FIN 48: 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, 2013, 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 2009. Part XI, Line 2d - Other Adjustments: Rental expenses 7,625. Change in value of interest rate swap 45,520. Change in value of split interest agreement 85,538. Part XI, Line 4b - Other Adjustments: Student financial aid netted with revenue on financial statement 12,019,658. Part XII, Line 2d - Other Adjustments: Rental expenses 7,625. Part XII, Line 4b - Other Adjustments: Student financial aid netted with revenue on financial stmt 12,019,658. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Explanation of Nondiscriminatory Policy Publication 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. Explanation of Government Financial Assistance Schedule E, Part I, Line 6 Shorter University receives Federal Student Financial Aid. Europe 0 0 Program services Study abroad 66814 Central American and the Caribbean 0 0 Program services Study abroad 240006 0 0 0 0 0 0 306820 0 306820 0 0 0 0 0 0 Procedure for Monitoring Grants Outside the U.S.: 1 Scholarships 4310 12019658 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, 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 1 0 0 0 0 0 0 0 0 Dr Donald Dowless 174384 0 25000 0 1032 0 8750 0 31769 0 240935 0 0 0 Part I, Line 1a Per direction from the Board of Trustees, the President of the University resides on campus in University provided housing with a yearly rental value of $24,000. Part I, Line 4a The former VP of Finance and CFO, Stephanie Owens, received severance payments in the amount of $43,333 during the fiscal year. 840 Tuition Assistance Tuition Assistance Allen Hornback Son-in-law of a Board Trustee 1813917 The University has contracted with ADE Builders, with whom Allen Hornback is President, to build a dormatory. 0 X 1 6719 Market value X 1 9353 Market Value X 1 1120 Market Value X 1 65000 Appraisal X Building improvement 4 29288 Market Value X Band instruments 1 1500 Market Value 0 1 0 Method for Determining Number of Contributions: 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 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 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 rquires 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 conlict 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. The Board of Trustees approves the President's compensation. The President reviews and approves all new hire and compensation change forms. Compensation approval is documented on various enrollment and employee change forms. Form 990, Part VI, Section C, line 19 These documents are made available upon request. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 9: Change in value of interest rate swap 45,520. Change in value of split interest agreement 85,538. Explanation for Responsibility 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) 170(b)(1) (A)(i) N/A 0 Georgia Baptist Foundation Inc 6405 Sugarloaf Parkway Duluth GA 30097 586030046 Trust agency for endowments GA 501(c)(3) 170(b)(1) (A)(vi) Georgia Baptist Convention 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0