2013-05-06T18:31:19-05:00 2012-06-30 581729751 Metcalf Davis CPAs 3340 Peachtree Road NE Suite 2600 Atlanta GA 303261089 990 2011-07-01 580566143 Brenau University Inc BREN 7705346268 500 Washington Street SE Gainesville GA 305013628 Sandra Thornton 7705346268 2013-05-06 1 E Wayne Williams Jr P00294425 4042641700 2013-04-05 2011 2016-02-25 16:41:14Z Dr Edward L Schrader J 500 Washington Street SE Gainesville GA 305013628 86793751 0 X www.brenau.edu X 1878 GA Brenau University challenges students to live extraordinary lives of personal and professional fulfillment. As students pursue an Associate's, Bachelor's, or Graduate degree program at Brenau, they gain preparation for a lifetime of intellectual accomplishment and appreciation of artistic expression through a curriculum enriched by the liberal arts, scientific enquiry and global awareness. 29 26 901 53 0 0 3492754 4403452 41193850 40894840 1535666 1233240 -15174 -29479 46207096 46502053 8586728 7957080 0 0 21247062 21540091 0 24000 772325 13572697 13847605 43406487 43368776 2800609 3133277 85141061 85993495 20204290 20355482 64936771 65638013 X Brenau University challenges students to live extraordinary lives of personal and professional fulfillment. As students pursue an Associate's, Bachelor's, or Graduate degree program at Brenau, they gain preparation for a lifetime of intellectual accomplishment and appreciation of artistic expression through a curriculum enriched by the liberal arts, scientific enquiry and global awareness. 0 0 13104519 5295443 15726484 Brenau University is a private, comprehensive university that includes the Undergraduate Residential School, the Undergraduate Nonresidential School, the Graduate School, and the Early College Program.Each component of the University enhances the others through shared resources, facilities, faculty and cultural opportunities with some limited cross-enrollment opportunities available. However, each unit is defined by distinct characteristics.The Undergraduate Residential School, or Women's College, offers baccalaureate programs, some of which feed into graduate programs, with a multi-discipline liberal arts foundation that enables students to explore general interests as well as pursue specialized studies. Women have opportunities to develop leadership skills in an environment that encourages awareness of and participation in a world characterized by pluralism and to explore and prepare for various career opportunities. 13404396 2563728 16751405 The Undergraduate Nonresidential School offers studies leading to associate and baccalaureate degrees and is open to men and women. The programs provide foundations for individual and professional growth and competence. 5025183 87910 7139864 The Graduate School offers studies leading to masters and educational specialist degrees as well as graduate certificates and is open to men and women. The programs encourage students to develop the proficiency and professionalism necessary to meet the challenges inherent in their fields of study. 219232 224945 The Early College Program evolved from Brenau Academy, which was founded in 1928 as a college preparatory boarding and day school for young women in grades nine through twelve. In 2011 the Academy transformed into the Early College program, which offers exceptional high school-age students the opportunity to take college classes and earn college credits through the University. 3101432 1052142 Auxiliary enterprises - Enrichment programs and other support for the instructional programs of the University. 3320664 1277087 34854762 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 1 0 0 1 1 1 1 0 0 0 1 1 1 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 1 73 0 1 901 1 0 0 0 0 0 1 1 0 0 0 0 X 29 26 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X Sandra Thornton 7705346268 500 Washington Street SE Gainesville GA 305013628 Peter D Miller 1.00 X 0 0 0 Philip A Wilheit Sr 1.00 X 0 0 0 James A Walters 1.00 X 0 0 0 Carole Ann Carter Daniel 1.00 X 0 0 0 Dr Gale J Allen 1.00 X 0 0 0 Melissa W Blanchard 1.00 X 0 0 0 Raymond H Burch 1.00 X 0 0 0 Robin Smith Dudley 1.00 X 0 0 0 Kathryn Dunlap 1.00 X 0 0 0 Roger E Dailey 1.00 X 0 0 0 Elizabeth B Fisher 1.00 X 0 0 0 John B Floyd 1.00 X 0 0 0 M Douglas Ivester 1.00 X 0 0 0 John W Jacobs Jr 1.00 X 0 0 0 Angela B Johnston 1.00 X 0 0 0 Richard H Leet PhD 1.00 X 0 0 0 Ben E Lilly 1.00 X 0 0 0 James E Mathis Jr 1.00 X 0 0 0 Katherine F McMaster 1.00 X 0 0 0 James H Moore 1.00 X 0 0 0 Betty Verson Norton 1.00 X 0 0 0 Mary E Raines 1.00 X 0 0 0 Gary L Riley 1.00 X 0 0 0 Lawrence B Schrage 1.00 X 0 0 0 Erin M Seng 1.00 X 0 0 0 Robert L Silverman 1.00 X 0 0 0 Gail A Smith 1.00 X 0 0 0 Judge Sidney O Smith Jr 1.00 X 0 0 0 Jane P Suggs 1.00 X 0 0 0 Bob Swoszowski 1.00 X 0 0 0 Stuart R Virgin 1.00 X 0 0 0 Charles A Smithgall III 1.00 X 0 0 0 Shay English Stafford 1.00 X 0 0 0 Anna A Jacobs 1.00 X 0 0 0 Emily Lawson 1.00 X 0 0 0 Steve McKibbon 1.00 X 0 0 0 Scott A Briell 40.00 X 175957 0 11820 Dr Edward L Schrader Jr 40.00 X 473119 0 66035 Wayne W Dempsey 40.00 X 243220 0 21527 Sandra D Thornton 40.00 X 148342 0 17821 Jack Matthew Thomas 40.00 X 128140 0 18403 Jim Barco 40.00 X 128860 0 17138 Dr Nancy Krippel 40.00 X 67741 0 9947 David Morrison 40.00 X 107129 0 13391 Dr Jim Southerland 40.00 X 120831 0 17130 Gale H Starich 40.00 X 115541 0 7488 Heather Hartman 40.00 X 108816 0 9723 David Barnett 40.00 X 127636 0 17343 Tim Daniel 40.00 X 102956 0 9933 2048288 0 237699 14 0 1 0 Aramark Services Inc 1101 Market Street Philadelphia PA 191072988 Food service vendor 1338671 Aramark Facility Services 1101 Market Street Philadelphia PA 191072988 Custodial services 600013 Royall & Company 1920 East Parham Rd Richmond VA 23228 Student Services - WC 518813 Catalyst Communications Inc 8358 Main Street 1st Floor Ellicott City MD 21043 Advertising 377464 Carroll Daniel Construction Co 921 Athens St SE Gainesville GA 30501 Construction Contractors 232245 7 96962 109702 4196788 615286 4403452 Tuition and fees 611710 35975985 35975985 Sales of auxiliary ent 611710 4918855 4918855 40894840 1365390 1365390 40096992 40229142 -132150 -132150 -132150 33077 96962 62556 -29479 -29479 46502053 40894840 0 1203761 7089067 7089067 868013 868013 2247601 340880 1393739 512982 14776944 13449226 1296334 31384 698702 539049 134500 25153 2533967 1897988 574697 61282 1282877 989740 251493 41644 53231 53231 151477 151477 24000 24000 129374 129374 914598 648318 266280 469684 9700 459984 1994640 1391238 559476 43926 967340 909310 58030 318781 224124 84024 10633 99062 31606 67456 389968 373901 16067 1487088 1425820 53240 8028 231503 -56433 287936 Operations 2128948 1629993 482757 16198 Rental 1260778 1260778 Misc 664765 504634 160131 Recruiting 588755 157680 431075 1997613 1170130 830388 -2905 43368776 34854762 7741689 772325 1835367 1912243 3346796 5293292 3153447 3117395 64029914 29318919 35019051 34710995 32934379 32356624 3686350 3106267 5165671 5496679 85141061 85993495 1938571 2034434 2212332 2860532 12707071 12373002 3346316 3087514 20204290 20355482 X 25531212 25242999 12475026 12215163 26930533 28179851 64936771 65638013 85141061 85993495 X 3133277 -2432035 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 29428657 1435238 -962878 577643 29323374 24197317 403268 5501834 673762 29428657 21760963 115492 3390648 1069786 24197317 29744179 396881 -6185246 2194851 21760963 1.00000 0 0 2435474 2435474 39250973 14237872 25013101 7335893 2477477 4858416 15007574 12603570 2404004 34710995 Works of art 5151849 Other assets 344830 5496679 Liability under remainder trusts 1189651 Advances from federal government 321039 Liabilities under deferred compensation 519363 Lease obligations 1057461 3087514 46502053 43368776 3133277 -1934100 -497935 -2432035 701242 36177604 -1934100 25187 -468456 -2377369 38554973 7947080 7947080 46502053 35476362 25187 25187 35451175 7917601 7917601 43368776 Part III, Line 4: The University owns approximately 2,455 works of art as follows: Photographs 206 Paintings 792 Works on paper 948 Ceramic (china, sculpture) 401 Sculpture 108 The collection furthers the University's exempt purpose as an educational institution by providing an invaluable educational resource. The collection highlights the notable art trends and focuses on contemporary art and art created by women. The collection helps students broaden their world view by exposing them to a variety of modes of self expression. Description of Uncertain Tax Positions Under FIN 48: Part X: The University is recognized as an organization exempt from Federal income tax under Section 501(c)(3) of the Internal Revenue Code (the "Code") whereby only unrelated business income, as defined by Section 512(a)(1) of the Code, is subject to Federal income tax. The University's policy is to record a liability for any tax position taken that is beneficial to the University, including any related interest and penalties, when it is more likely than not the position taken by management with respect to a transaction or class of transactions will be overturned by a taxing authority upon examination. Management believes there are no such positions as of June 30, 2012 and 2011 and, accordingly, no liability has been accrued. Generally, the Internal Revenue Service ("IRS") may examine a tax return for three years from the date it is filed. At June 30, 2012, tax years ended June 30, 2011 and 2010 and 2009 remain open for possible examination by the IRS. Part XI, Line 8 - Other Adjustments: Changes in split interest agreement -497,935. Part XII, Line 2d - Other Adjustments: Change in split interest agreement -497,935. Special events losses 29,479. Part XII, Line 4b - Other Adjustments: Financial aid 7,947,080. Part XIII, Line 4b - Other Adjustments: Financial aid 7,947,080. Special events losses -29,479. 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 publishes its nondiscriminatory policy on its website at http:/www2009.brenau.edu/index.cfm?objectid=B141E28-1AA0-2729 A31BA261FF62AD96 Explanation of Government Financial Assistance Schedule E, Part I, Line 6 The University receives Federal Student Financial Aid. 0 Central America and the Caribbean - 0 0 Program services Study abroad 4000 North America - Canada and Mexico, but 0 0 Program services Study abroad 3000 Europe (Including Iceland & Greenland) 0 0 Program services Study abroad 1000 0 0 0 0 0 0 8000 0 8000 North America - Canada and Mexico, but Educational 10000 Wire FMV 1 Financial assistance/scholarships East Asia and the Pacific 11 268334 Posted to student account FMV Financial assistance/scholarships Europe 9 224135 Posted to student account FMV Financial assistance/scholarships Russia & the Newly Independent States - 4 83590 Posted to student account FMV Financial assistance/scholarships South America 1 4000 Posted to student account FMV Financial assistance/scholarships South Asia 3 95205 Posted to student account FMV Financial assistance/scholarships Sub-Saharan Africa 4 91725 Posted to student account FMV Financial assistance/scholarships Central America and the Caribbean 3 46670 Posted to student account FMV Financial assistance/scholarships Middle East and North Africa 1 20864 Posted to student account FMV Financial assistance/scholarships North America 1 23490 Posted to student account FMV 0 0 0 0 0 0 Method Used to Acccount for Expenditures: Schedule F, Part I, Line 3: Cost of the program was paid by each participant to the University which is then remitted to a third party provider. The University reimbursed participants $250.00 in expenses. Part I, Line 2 - The grants reported in Part III are scholarships to students. The use of scholarships is controlled by applying such amounts directly against balances owed by the student for tuition, fees and other qualifying educational expenses. 1 Dr John S Burd 2900 Club Place Gainesville GA 30506 Consultant/Contractor soliciting gifts of art 0 245000 24000 245000 245000 24000 245000 Barbecue 130039 96962 33077 18875 0 0 43681 130039 96962 33077 18875 43681 62556 -29479 1 Scholarships and Financial aid 798 7089067 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: The University's financial aid department monitors and maintains records regarding all financial aid awards. X X X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 Scott A Briell 137410 0 38000 0 547 0 4122 0 7698 0 187777 0 0 0 Dr Edward L Schrader Jr 238413 0 105000 0 129706 0 56553 0 9482 0 539154 0 0 0 Wayne W Dempsey 169120 0 71000 0 3100 0 13530 0 7997 0 264747 0 0 0 Sandra D Thornton 127665 0 10000 0 10677 0 10213 0 7608 0 166163 0 0 0 Part I, Line 1a Tax indemnification and gross-up payments - The University's President received tax gross-up payments included as compensation in taxable income. Part I, line 1a: Discretionary spending account - The University's President received a discretionary spending allowance that is reported in taxable income. Part I, line 1a: Housing allowance or residence for personal use - The President is provided with a housing allowance that is reported in taxable income. Part I, line 1a, Personal services - Cleaning services and lawn maintenance are provided for the University's President's personal residence. The value of this benefit is included in taxable income. Part I, Line 4b The University contributed 37,503 to a 457(f) for the President of the University. Gainesville Redevelopment Authority 581520209 362899BR6 2000-05-17 11500000 Fund construction of Performing Arts Center 0 0 0 11500000 126337 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 Dr Gale Starich Employee debt X 140000 122623 0 1 1 122623 Jacobs Family Partnership LP Partly owned by John W. Jacobs, Jr. (Trustee/Chair Emeritus) 85000 On 7/1/2008 the University purchased for $1,400,000 real estate contiguous to the campus with 14 2BR/2B apartments for student housing. Purchase price was based on independent third party appraisal. The purchase was financed with 20 year seller financing of $1,400,000 with 7.5% interest. As part of the financing the seller agreed to contribute $20,000 per year to the University. 0 Featherbone Center LLC Partly owned by Philip A. Wilheit & James A. Walters (Trustees/Officers) 421700 The University entered into a 57,776 square foot operating lease for its nursing facility,dance classroom space and occupational therapy facilities. An extensive search based on cost, suitability, and proximity to the main campus was made before selecting the property at the Featherbone Center. Mr. Walters and Mr. Wilheit abstained from voting, 0 Dr Edward L Schrader Jr Dr. Schrader (University President) The University has a 31.7 percent ownership interest in the home of the University President. Upon sale of the home the University will receive a return of its investment of $226,500 plus 31.7 percent of the increase in the value of the home. 0 Carole Daniel Construction Company Ms. Carole Ann Daniel (Trustee) 232245 The University entered into construction contracts with this family owned business. Ms. Daniel is the Vice President of the family owned business. Competitive bids were taken to ensure fees are reasonable. 0 Mrs Myra Schrader Mrs. Schrader (Spouse of Dr. Edward L. Schrader, Jr. Univeristy President) 10612 The University compensates the President's spouse, Myra Schrader, for her services to the University in hosting numerous business and social events annually with a net contribution to her TIAA-CREF retirement account during the time Dr. Schrader is serving as President of the University. 0 X 7 281555 Appraised value X 4259 Fair Market Value X 245336 Fair Market Value X 1 83436 Fair Market Value X 1 700 Fair Market Value 0 1 1 Form 990, Part VI, Section A, line 2 Two University Trustees/Officers are members of a limited liability company that leases educational facilities to the University. See Schedule L. Form 990, Part VI, Section B, line 11 The Form 990 is reviewed by the Executive Committee of the Board of Trustees and made available online to the full board for review prior to filing. Form 990, Part VI, Section B, line 12c Trustees and officers are required to disclose annually any potential conflicts of interest which are reviewed and monitored by the University. Form 990, Part VI, Section B, line 15 The compensation committee of the Board of Trustees reviewed comparability data supplied by a consultant to determine compensation of the President. The President used comparability data to determine recommended compensation of top management and key employees to the Compensation Committee. Form 990, Part VI, Section C, line 18 The University's federal filings are available upon request. Form 990, Part VI, Section C, line 19 The University's governing documents are available upon request. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized losses on investments: -1,934,100. Changes in split interest agreement -497,935. Total to Form 990, Part XI, Line 5: -2,432,035.