2014-05-14T14:34:59-05:00 2013-06-30 KPMG LLP 300 North Greene Street Suite 400 Greensboro NC 27401 990 2012-07-01 580566243 SPELMAN COLLEGE % ROBERT D FLANIGAN JR SPEL 4046813643 350 SPELMAN LANE SW Suite ATLANTA GA 30314 ROBERT FLANIGAN JR 4042705072 2014-05-05 true 3362753394 2012 2015-11-30 17:44:51Z BEVERLY DANIEL TATUM 350 SPELMAN LANE SW ATLANTA GA 30314 273566468 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. 27 24 1574 150 65450 101609 34477104 23251965 64118382 67228644 18975393 32387206 1035806 1096591 118606685 123964406 14946185 15791051 0 0 45776906 46992294 233700 101862 4083474 41129795 40529575 102086586 103414782 16520099 20549624 508108237 523703169 118018440 110501584 390089797 413201585 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 41947748 15791051 48131241 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 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 SUMMER SCIENCE AND DUAL DEGREES IN ENGINEERING. 14999400 19097403 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. 4000362 RESEARCH SPELMAN COLLEGE PERFORMS RESEARCH, TRAINING AND OTHER SIMILAR SERVICES UNDER GRANTS WITH GOVERNMENTAL AGENCIES OR SPONSORING ORGANIZATIONS. 378962 PUBLIC SERVICE 7324983 ACADEMIC SUPPORT 10146199 STUDENT SERVICES 17850144 78797654 true true false true false false false true false true true true false false true true false true true false true false true true false false false false true true true false false false false false false false false false true true false false false false true true false false false true 3035 0 true 1574 true true true false false false false true true false false false false X 27 24 true false true 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 WALTER R ALLEN 2.0 X CLAIRE ARNOLD 2.0 X THEODORE R ARONSON 2.0 X ROSALIND G BREWER 2.0 X X MARY BROCK 2.0 X JANINE BROWN 2.0 X THOMAS H CASTRO 2.0 X DONALD COLEMAN 2.0 X KIMBERLY B DAVIS 2.0 X JERRI L DEVARD 2.0 X MARY LYNNE DIGGS 2.0 X EVELYNN M HAMMONDS 2.0 X CYNTHIA E JACKSON 2.0 X ROSE HARRIS JOHNSON 2.0 X RICHARD D LEGON 2.0 X GWENDOLYN ADAMS NORTON 2.0 X KEMI A OYEWOLE 2.0 X 1160 0 VICKI R PALMER 2.0 1.0 X X LOVETTE T RUSSELL 2.0 X SUZANNE F SHANK 2.0 X BRADLEY T SHEARES 2.0 1.0 X X ESTHER SILVER-PARKER 2.0 X CYNTHIA NEAL SPENCE 35.0 X 105580 13416 RONDA E STRYKER 2.0 X X BEVERLY DANIEL TATUM 35.0 1.0 X X 591141 53271 KATHY WALLER 2.0 X CELESTE WATKINS-HAYES 2.0 X ROBERT D FLANIGAN JR 35.0 15.0 X 296719 23822 JOHNNELLA BUTLER 35.0 X 224162 21868 ARLENE CASH 35.0 X 165314 18197 ELOISE ALEXIS 35.0 X 156064 0 17152 KASSANDRA JOLLEY 35.0 X 185075 19227 DELORES BARTON 35.0 X 142186 14048 DARNITA KILLIAN 35.0 X 165205 18141 GLORIA WADE-GAYLES 35.0 X 138767 15319 RASHEED TOGUNDE 35.0 X 134700 8822 MYRA BURNETT 35.0 X 137254 15522 ARTHUR FRAZIER 35.0 X 128488 15068 RHONDA HONEGAN 35.0 X 139739 16143 2711554 0 270016 37 false true false ARAMARK FACILITY SERVICES 24818 NETWORK PLACE CHICAGO IL 60673 FACILITY SERVICES 1150135 CHESAPEAKE ASSET MANAGEMENT LLC ONE ROCKEFELLER PLAZA SUITE 2321 NEW YORK NY 10020 INVESTMENT MANAGERS 930392 MENEFEE ARCHITECTURE 1075 BRADY AVENUE NW ATLANTA GA 30318 ARCHITECTURE DESIGN 233707 SUTHERLAND ASBILL BRENNAN LLP 999 PEACHTREE ST ATLANTA GA 30309 LEGAL SERVICES 190764 KPMG LLP 303 PEACHTREE ST NE ATLANTA GA 30303 ACCOUNTANTS 174623 12 7538663 15713302 164959 23251965 TUITION AND FEES 900099 48131241 48131241 AUXILARY ENTERPRISES 900099 19097403 19097403 67228644 7071657 65450 7006207 0 0 0 0 0 174917611 149602062 25315549 25315549 25315549 0 0 0 OTHER MISCELLANEOUS 900099 1096591 1096591 1096591 123964406 68325235 65450 32321756 0 15757162 15757162 33889 33889 0 2117658 812880 950504 354274 0 35438782 27370599 6034783 2033400 1569831 1178943 290419 100469 5097931 3829793 939780 328358 2768092 2078837 512097 177158 0 555640 555640 268796 268796 56765 56765 101862 101862 1454848 449 1454399 5206632 4336908 775199 94525 0 3554598 2620971 701998 231629 0 0 3219512 2675367 544145 2009435 1574256 267549 167630 0 0 3750902 2441017 1309885 0 5635730 3853163 1782567 1729186 1536166 193020 CLEANING EXPENSES 1321690 1119798 201892 AUC LIBRARY 2661568 2365568 296000 REPAIRS AND MAINTENANCE 1899148 1428759 451381 19008 SPECIAL PROJECTS 3321492 2272221 697651 351620 3883633 1510908 2305949 66776 103414782 78797654 20533654 4083474 0 0 13728594 14211512 19852325 17183719 1361960 1771260 0 0 0 0 0 0 0 0 0 0 252916247 93173065 160403863 159743182 33756549 41692278 275382358 285479098 1437932 1483769 0 0 2184656 2138351 508108237 523703169 13829869 10868221 0 0 1069122 1024338 100159741 96057445 0 0 0 0 0 0 1068049 854439 1891659 1697141 118018440 110501584 X 106552201 113645211 168319757 180780398 115217839 118775976 390089797 413201585 508108237 523703169 X 20549624 2558627 3537 X X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 56765 56765 false OTHER ACTIVITIES SCHEDULE C, PART II-B, QUESTION 1I SPELMAN COLLEGE RETAINS A CONSULTANT, POLSINELLI SHUGHART PC, TO PROMOTE LEGISLATION WHICH WOULD PROVIDE SPELMAN COLLEGE WITH FEDERAL FUNDS FOR USE ON VARIOUS COLLEGE PROJECTS AND PROGRAMS. POLSINELLI SHUGHART PC WAS PAID $56,765 FOR THEIR SERVICES. X X X X X Curriculum enhancement & develop. true 310081185 3526371 34925196 0 19752955 328779797 332285750 1607182 -2990194 0 20821553 310081185 304160522 1281477 47000450 0 20156699 332285750 295407693 1107649 25193306 0 17548126 304160522 367673282 2008039 -55959952 4524068 13789608 295407693 0.16350 0.36130 0.47520 false true true 14687723 14687723 188194637 68534020 119660617 26363256 22166882 4196374 23670631 2472163 21198468 159743182 SHORT-TERM INVESTMENTS 5090337 F FIXED INCOME 29759382 F NON U.S. EQUITY 28524460 F MARKETABLE ALTERNATIVES 54476493 F REAL ASSETS 41458973 F PRIVATE EQUITY 126169453 F 285479098 0 OBLIGATIONS UNDER CAPITAL LEASE 135762 ADVANCES FROM FEDERAL GOVERNMENT 1561379 1697141 X 110735519 2558627 2558627 108176892 15787514 15787514 123964406 87623731 87623731 15791051 15791051 103414782 SFAS 116 SCHEDULE D, PART III, LINE 1A 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. INTENDED USES OF ORGANIZATION'S ENDOWMENT FUNDS FORM 990, SCHEDULE D, PART V, QUESTION 4 INVESTMENT IN A MIX OF SECURITIES TO PROVIDE SUFFICIENT INCOME TO SUPPORT THE COLLEGE'S OPERATIONS IN ACCORDANCE WITH DONOR WISHES, WHILE PRESERVING EQUITY. ART COLLECTION SCHEDULE D, PART III, LINE 4 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. FIN 48 (ASC 740) FOOTNOTE SCHEDULE D, PART X, LINE 2 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, 2013 AND 2012. SCHEDULE D, PART XI, LINE 4B OTHER CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS (3,537) STUDENT AID RECLASS 15,791,051 ------------ TOTAL 15,787,514 ============ SCHEDULE D, PART XII, LINE 4B OTHER STUDENT AID RECLASS 15,791,051 true true true true true true true false false false false false false false false true false true NONDISCRIMINATORY POLICY SCHEDULE E, LINE 3 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. FINANCIAL AID ASSISTANCE FROM GOVERNMENTAL AGENCY SCHEDULE E, LINE 6A THE FINANCIAL AID ASSISTANCE IS RECEIVED FROM THE FEDERAL GOVERMENT, STATE OF GEORGIA, AND OTHER STATES. OTHER ASSISTANCE IS RECEIVED FROM FEDERAL GOVERNMENT, STATE OF GEORGIA, AND CITY OF ATLANTA. true East Asia and the Pacific 0 0 Program Services STUDY ABROAD 62147 Europe (Including Iceland and Greenland) 0 0 Program Services STUDY ABROAD 269292 South America 0 0 Program Services STUDY ABROAD 40440 Sub-Saharan Africa 0 0 Program Services STUDY ABROAD 12294 Europe (Including Iceland and Greenland) 0 0 Program Services EQUIPMENT 45149 0 0 0 0 429322 429322 STUDY ABROAD Europe (Including Iceland and Greenland) 2 33889 WIRETRANSFER N/A N/A true false true true false false STUDENT FINANCIAL AID SCHEDULE F, PART I, LINE 2 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 X X X X true COXE CURRY ASSOCIATES 191 Peachtree Street NE Suite 450 Atlanta GA 30303 FUNDRAISING CAMPAIGN false 76842 WASHBURN MCGOLDRICK INC 950 New Loudon Road Suite 210 Latham NY 12120 CAMPAIGN CONSULTANTS false 25020 101862 true STUDENT FINANCIAL AID 1665 15757162 N/A N/A Student Financial Aid Schedule I, Part I, LINE 2 AND PART III 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 false false false false false false true false BEVERLY DANIEL TATUM 351167 239974 15339 37932 644412 0 ROBERT D FLANIGAN JR 296719 0 0 15000 8822 320541 0 JOHNNELLA BUTLER 224162 0 0 13772 8096 246030 0 ARLENE CASH 165314 0 0 10236 7961 183511 0 ELOISE ALEXIS 156064 0 0 0 0 0 9588 0 7564 0 173216 0 0 0 KASSANDRA JOLLEY 185075 0 0 11460 7767 204302 0 DELORES BARTON 142186 0 0 6193 7855 156234 0 GLORIA WADE-GAYLES 138767 0 0 8480 6839 154086 0 MYRA BURNETT 137254 0 0 8595 6927 152776 0 RHONDA HONEGAN 139739 0 0 8913 7230 155882 0 DARNITA KILLIAN 165205 0 0 10187 7954 183346 0 COMPENSATION QUESTION FORM 990, SCHEDULE J, QUESTION 1A SOCIAL CLUB DUES WERE PAID FOR TATUM AND BUTLER IN THE AMOUNT OF $1,371 AND $239, RESPECTIVELY. THE VALUE OF THESE DUES WAS NOT TREATED AS TAXABLE COMPENSATION. $16,891 WAS PROVIDED IN SPOUSAL TRAVEL BENEFITS FOR TATUM. THE VALUE OF THE TRAVEL WAS NOT TREATED AS TAXABLE COMPENSATION. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE SCHEDULE J, PART I, LINE 1A HOUSING VALUED AT $29,035 WAS PROVIDED TO TATUM. THE VALUE OF THE HOUSING WAS NOT TREATED AS TAXABLE COMPENSATION. PRESIDENT'S OTHER REPORTABLE COMPENSATION SCHEDULE J, PART I, LINE 7 BEVERLY DANIEL TATUM'S OTHER REPORTABLE COMPENSATION IS COMPOSED OF $147,901, WHICH IS DEFERRED COMPENSATION PAYABLE IN ACCORDANCE WITH HER EMPLOYMENT CONTRACT. A DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 359900TAS 2007-03-21 64041214 SEE SCHEDULE O false false false B DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 2009-09-01 1500000 SEE SCHEDULE O false false false C DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 2009-09-01 6100000 SEE SCHEDULE O false false false D DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 3599002LO 2012-04-09 28349973 SEE SCHEDULE O false false false A 7220000 0 68883486 0 3777739 0 754073 0 0 54773104 9578570 0 2009 true false false true B 800000 0 1500000 0 0 0 0 0 0 0 1500000 0 1999 true false true true C 1100000 0 6100000 0 0 0 0 0 0 0 6100000 0 2004 true false true true D 1200000 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 HYPO 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 0 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 ROLE 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 ROLE 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 OCTOVER 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 0 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 0 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 0 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 0 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 & UNIVERSITIES AUTHORITY 581407790 74265LQB7 2003-01-30 30800674 SEE SCHEDULE O false false false A 7220000 17010000 31540044 0 1174857 0 491087 0 0 23654880 6219220 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 CHESAPEAKE ASSET MANAGEMENT FORMER TRUSTEE IS OWNER 944080 ENDOWMENT ADVISOR false X SEE PART II 5 164959 FMV 0 false true true OTHER NON-CASH CONTRIBUTIONS SCHEDULE M, PART I, QUESTIONS 25-27 DONATIONS OF VARIOUS ITEMS: BEVERAGES, PROMOTIONAL ITEMS, AND MISCELLANEOUS. FAIR MARKET VALUED AT $164,959. THIRD PARTIES SCHEDULE M, PART I, QUESTION 32A SPELMAN COLLEGE USES THIRD PARTY STOCK BROKERS TO PROCESS NON-CASH CONTRIBUTIONS. SIGNIFICANT CHANGES TO DOCUMENTS FORM 990, PART VI, SECTION A, QUESTION 4 The organization made a significant change to its articles of incorporation in April 2013. The number, composition, authority and duties of the governing body's members were modified. FORM 990 REVIEW PROCESS FORM 990, PART VI, SECTION B, QUESTION 11 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. CONFLICT OF INTEREST POLICY FORM 990, PART VI, SECTION B, QUESTON 12C 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. PROCESS FOR DETERMINING COMPENSATION FORM 990, PART VI, SECTION B, QUESTIONS 15A AND 15B 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. MAKING DOCUMENTS AVAILABLE TO THE PUBLIC FORM 990, PART VI, SECTION C, QUESTION 19 SPELMAN COLLEGE DOES NOT MAKE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. HOWEVER, DOCUMENTS ARE AVAILABLE UPON REQUEST. OTHER CHANGES IN NET ASSETS FORM 990, PART XII, LINE 9 CHANGE IN VALUE OF SPLIT INTEREST TRUSTS 3,537 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 851561434 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 false SPELMAN COLLEGE SPECIAL VENTURES FUND INC C 21899472 COST