2012-05-15T10:32:11-05:00 2011-06-30 DEAN DORTON ALLEN FORD PLLC 106 W VINE STREET SUITE 600 LEXINGTON KY 40507 990 2010-07-01 610444695 GEORGETOWN COLLEGE GEOR 5028638016 400 EAST COLLEGE STREET GEORGETOWN KY 40324 JAMES MOAK 5028638016 2012-05-15 1 PAULA C HANSON 8592552341 2010 2016-02-24 21:20:13Z JAMES MOAK 400 EAST COLLEGE STREET GEORGETOWN KY 40324 65359824 0 X WWW.GEORGETOWNCOLLEGE.EDU X 1829 KY GEORGETOWN COLLEGE IS A FULLY ACCREDITED LIBERAL ARTS INSTITUTION OF HIGHER LEARNING 28 20 1140 45 740272 -114767 4644364 6436228 36821643 37798436 1131050 576218 8839288 8948042 51436345 53758924 18528351 19515594 0 0 18781820 19740313 0 0 1251571 14702701 15262287 52012872 54518194 -576527 -759270 92685189 99582362 56134958 55900003 36550231 43682359 X GEORGETOWN COLLEGE IS A FULLY ACCREDITED LIBERAL ARTS INSTITUTION OF HIGHER LEARNING LOCATED IN GEORGETOWN, KENTUCKY. THE COLLEGE IS COMMITTED TO PROVIDING OPPORTUNITIES FOR EXCELLENCE IN HIGHER LEARNING UNDER CHRISTIAN INFLUENCES SO AS TO AFFORD ITS STUDENTS A QUALITY EDUCATION IN SELECTED BRANCHES OF KNOWLEDGE, ESPECIALLY THE LIBERAL ARTS AND SCIENCES, WITH A HEALTHY INTEREST IN THE PROFESSIONS. 0 0 45773204 19515594 44138371 OPERATION OF A HIGHER EDUCATIONAL INSTITUTION PROVIDING EDUCATION, HOUSING, AND FOOD SERVICES TO STUDENTS AND FACULTY. THE COLLEGE EDUCATED 1,284 UNDERGRADUATE AND 567 GRADUATE STUDENTS FOR THE YEAR ENDED 6/30/11. 45773204 1 1 0 1 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 1 0 0 0 0 0 0 1 1 1 1 1 1 0 0 0 1 0 0 0 0 1 2699 0 1 1140 1 1 1 0 0 0 0 1 1 0 0 0 0 X 28 20 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 KY X X JAMES MOAK 5028637970 400 EAST COLLEGE STREET GEORGETOWN KY 40324 BOB COLEMAN 2.00 X 0 0 0 BOB HOOK 2.00 X 0 0 0 CARROLL STEVENS 2.00 X 0 0 0 DAVID JONES 2.00 X 0 0 0 DAVID TRAVIS 2.00 X 0 0 0 DOUGLAS FREEMAN 2.00 X 0 0 0 EARL GOODE 2.00 X 0 0 0 FRANK PENN 2.00 X 0 0 0 FRED BROWNING 2.00 X 0 0 0 GERALD PARKER 2.00 X 0 0 0 GUTHRIE TRUE 2.00 X 0 0 0 JACK REED 2.00 X 0 0 0 JAMES SHEPHERD 2.00 X 0 0 0 JAMIE HARGROVE 2.00 X 0 0 0 JANICE SHELTON 2.00 X 0 0 0 JOHN STEMPEL 2.00 X 0 0 0 JOHN WARD 2.00 X 0 0 0 BILL BARNETT 2.00 X 0 0 0 MISSY MATTHEWS 2.00 X 0 0 0 NICOLE B COLLINSON 2.00 X 0 0 0 NORMAN DANIELS 2.00 X 0 0 0 PAIGE SHORT 2.00 X 0 0 0 MIKE SCANLON 2.00 X 0 0 0 RANDY FOX 2.00 X 0 0 0 REZA HASHAMPOUR 2.00 X 0 0 0 RICHARD GAINES 2.00 X 0 0 0 RANDY FIELDS 2.00 X 0 0 0 SHEILA BAILEY 2.00 X 0 0 0 WADE DOSHIER 2.00 X 0 0 0 WALTER MALONE 2.00 X 0 0 0 WILLIAM J HOUSTON 2.00 X 0 0 0 TODD SKAGGS 2.00 X 0 0 0 ROSEMARY ALLEN 50.00 X 123843 0 8117 WILLIAM H CROUCH JR 50.00 X 274879 0 28985 DARRYL CALLAHAN 50.00 X 136416 0 8432 JAMES MOAK 50.00 X 133442 0 8565 GARVEL KINDRICK 50.00 X 107867 0 7400 TODD GAMBILL 50.00 X 106206 0 7428 JAMES ALLISON 50.00 X 81250 0 6180 ROBIN OLDHAM 50.00 X 67056 0 5894 DANIEL MILLER 50.00 X 83038 0 5454 ROBERT LOWDENBACK 50.00 X 50005 0 2470 DAVID FORMAN 50.00 X 102996 0 6858 BOBBY BURCHETTE 50.00 X 101563 0 6968 1368561 0 102751 8 0 1 0 SODEXO MANAGEMENT INC 299 KINGS DAUGHTERS DR FRANKFORT KY 40601 DINING SERVICES 3037800 DAVIS & PLOMIN INCORPORATED 949 CONTRACT STREET PO BOX 55350 LEXINGTON KY 40505 HEATER/COOLER REPAIRS 242586 MADE FROM SCRATCH INC 100 STADIUM DR GEORGETOWN KY 40324 CATERING 208919 JENZABAR INC PO BOX 845939 BOSTON MA 02284 SOFTWARE SUPPORT 183674 ERNEST TODD MAPLES 150 JESSELIN LEXINGTON KY 40503 CONSTRUCTION/REPAIR 142635 6 1378724 5057504 366739 6436228 TUITION AND FEES 611710 37798436 37798436 37798436 1491622 1491622 106009 47078 58931 58931 58931 6917586 7624023 208967 -706437 -208967 -915404 -915404 5588667 3720832 1867835 1867835 AUXILIARY ENTERPRISES 611710 5673518 5673518 PARKING AND CAMP 531390 300548 300548 CATERING/CONFERENCE CE 722320 222273 222273 824937 666417 158520 7021276 53758924 44138371 740272 2444053 19515594 19515594 1228127 1228127 15126307 12481320 1906151 738836 3385879 2806221 453597 126061 33305 33305 81510 81510 877621 540592 246810 90219 93520 10582 82938 3430499 3254477 104340 71682 244622 244622 1792581 528005 1264576 190465 85052 79125 26288 2147719 1931373 216346 2764561 2764561 368277 71441 296836 STUDENT PROGRAMS 867470 867470 REPAIRS & MAINTENANCE 787313 41616 745697 ATHLETIC PROGRAMS 530780 530780 MISCELLANEOUS 274215 221934 52281 SUPPLIES 227766 179580 48186 550063 99498 435485 15080 54518194 45773204 7493419 1251571 2346419 1605257 41191 103808 848666 1447711 3313092 3341151 737791 685822 511181 573158 89859514 45828123 44050343 44031391 34008690 40559984 6827816 7234080 92685189 99582362 2913951 2952079 652970 1767575 38015000 37460000 316356 254039 14236681 13466310 56134958 55900003 X -2021074 -1467152 4119795 8856249 34451510 36293262 36550231 43682359 92685189 99582362 X -759270 7891398 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 487 487 0 EXPLANATION OF OTHER LOBBYING ACTIVITIES: PART II-B, LINE 1I: THE COLLEGE PAYS DUES TO VARIOUS ASSOCIATIONS OF WHICH A PERCENTAGE OF THOSE DUES ARE USED FOR LOBBYING PURPOSES. DUES PAID TO THE NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES WERE $4,444 OF WHICH 6% WAS USED FOR LOBBYING PURPOSES. DUES PAID TO THE KENTUCKY CHAMBER OF COMMERCE WERE $965 OF WHICH 15% WAS USED FOR LOBBYING PURPOSES. DUES PAID TO THE KENTUCKY SOCIETY OF CPAS WERE $235 OF WHICH 10% WAS USED FOR LOBBYING PURPOSES. DUES PAID TO THE AMERICAN BAR ASSOCIATION WERE $399 OF WHICH 2.5% WAS USED FOR LOBBYING PURPOSES. DUES PAID TO THE ASSOCIATION OF FUNDRAISING PROFESSIONALS WERE $275 OF WHICH 3.9% WAS USED FOR LOBBYING PURPOSES. DUES PAID TO THE COMMERCE LEXINGTON WERE $634 OF WHICH 5% WAS USED FOR LOBBYING PURPOSES. 121193 995759 X X X X ART HISTORY AND STUDIO 0 30044170 1043184 6364813 1162706 36289461 29348535 284652 540024 129041 30044170 30157392 417706 -1110022 116541 29348535 0.03630 0.81050 0.15320 1 0 871203 871203 57151517 20872261 36279256 5635433 4622676 1012757 24575381 19752151 4823230 1625980 581035 1044945 44031391 DEPOSITS 1000 BOND ISSUANCE COSTS 344887 FUNDS HELD IN TRUST BY OTHERS 6283979 OTHER ASSETS 604214 7234080 DEPOSITS AND AGENCY FUNDS 1085241 ADVANCES FOR STUDENT LOANS 1580863 ASSET RETIREMENT OBLIGATION 1074342 INTEREST RATE SWAP AGREEMENT 5861028 POST RETIREMENT BENEFIT OBLIGATION 1544600 ANNUITY PMT LIABILITY 2320236 13466310 53758924 54518194 -759270 7298217 593181 7891398 7132128 46390433 7298217 4848886 12147103 34243330 19515594 19515594 53758924 39258305 4255705 4255705 35002600 19515594 19515594 54518194 PART III, LINE 4: THE DR. DONALD L. AND DOROTHY JACOBS COLLECTION AT GEORGETOWN COLLEGE IS A PERMANENT GALLERY OF MORE THAN 100 MODERN AND CONTEMPORARY WORKS OF ART, ALONG WITH AN OUTSTANDING COLLECTION OF ARTIFACTS FROM FIVE CONTINENTS. THE PERMANENT COLLECTION AT GEORGETOWN COLLEGE COMPRISES APPROXIMATELY 200 WORKS OF ART, DATING FROM THE SIXTEENTH-CENTURY THROUGH 2009, WITH THE MAJORITY OF PIECES HAVING BEEN CREATED IN THE TWENTIETH CENTURY. GEORGETOWN COLLEGE ALUMNI AND THE ARTIST DONATED MANY OF THE PIECES, HOWEVER THE COLLECTION CONTAINS A FEW PIECES FROM NOTED ARTISTS, SUCH AS SALVADOR DALI, ANDO HIROSHIGE, JASPER JOHNS, PIERRE AUGUSTE RENOIR, AND GEORGE TURNER. THE ANN WRIGHT WILSON FINE ARTS GALLERY AND THE COCHENOUR GALLERY AT GEORGETOWN COLLEGE OFFER TEMPORARY EXHIBITIONS YEAR ROUND FEATURING THE WORK OF INTERNATIONAL, NATIONAL AND REGIONAL ARTISTS. THE LIVE.LEARN.BELIEVE. OUTDOOR SCULPTURE EXHIBITION EXEMPLIFIES QUALITY SCULPTURE, BEAUTIFIES THE COLLEGE CAMPUS, EXPOSES STUDENTS AND VISITORS TO ARTWORK THAT IS OPENLY ACCESSIBLE AND OUTSIDE OF CONVENTIONAL GALLERY SPACE, AND PROVIDES AN ENVIRONMENT FOR INTELLECTUAL GROWTH WHERE STUDENTS AND THE COMMUNITY CAN VIEW AND LEARN ABOUT ART. THESE COLLECTIONS ARE AVAILABLE FOR STUDY AND USE BY THE COLLEGE AND COMMUNITY AND SUPPLEMENT THE ACADEMIC PROGRAM THROUGH A CULTURAL ENRICHMENT PROGRAM OFFERING INTELLECTUAL, CULTURAL, AND RELIGIOUS EXPERIENCES AND ENABLE MEMBERS OF THE COLLEGE COMMUNITY TO BROADEN THEIR AWARENESS OF CULTURAL DIVERSITY. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: ENDOWMENT FUNDS ARE AMOUNTS RECEIVED FROM DONORS WHOSE INCOME IS DESIGNATED FOR A SPECIFIC PURPOSE OF THE COLLEGE. ALMOST ALL OF THE INVESTMENT INCOME EARNED BY THESE FUNDS SUPPORTS SCHOLARSHIPS AND THE BUDGET OF THE COLLEGE. SOME SMALLER AMOUNTS ARE DESIGNATED FOR FACULTY AWARDS, FACULTY OR STUDENT SCHOLARSHIP TRAVEL AND OTHER MISCELLANEOUS PURPOSES RELATED TO THE COLLEGE'S EDUCATIONAL MISSION. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE COLLEGE HAS EVALUATED THE TAX POSITIONS TAKEN ON ALL INCOME TAX RETURNS THAT REMAIN OPEN TO EXAMINATION BY THE RESPECTIVE TAXING AUTHORITIES (THOSE RETURNS FILED FOR THE YEARS 2008 THROUGH 2010) AND DOES NOT BELIEVE THERE ARE ANY UNCERTAIN POSITIONS ON THOSE RETURNS THAT SHOULD IMPACT THE FINANCIAL STATEMENTS. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN FMV OF SWAP AGREEMENT 1,080,976. ANNUITIES AND LIFE INCOME FUNDS -487,795. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD NETTED AGAINST REVENUE ON FORM 990 3,720,832. RENTAL EXPENSES NETTED AGAINST REVENUE ON FORM 990 47,078. CHANGE IN FMV OF INTEREST RATE SWAP 1,080,976. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED AGAINST TUITION REVENUE ON FINANCIAL STATEMENTS 19,515,594. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD NETTED AGAINST REVENUE ON FORM 990 3,720,832. RENTAL EXPENSES NETTED AGAINST REVENUE ON FORM 990 47,078. ADJUSTMENT FOR ACTUARIAL LIABILITY FOR ANNUITIES AND LIFE INCOME FUNDS 487,795. PART XIII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED AGAINST TUITION REVENUE ON FINANCIAL STATEMENTS 19,515,594. 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 PRINT ADVERTISING FOR GEORGETOWN COLLEGE THAT TARGETS PROSPECTIVE STUDENTS INCLUDES THE STATEMENT "GEORGETOWN COLLEGE ADMITS STUDENTS OF ANY RACE, COLOR AND NATIONAL OR ETHNIC ORIGIN." THE SAME STATEMENT APPEARS ON APPLICATIONS FOR ADMISSION, THE COLLEGE CATALOGUE AND OTHER PRINTED MATERIALS, E.G. BROCHURES AND FLYERS, DISTRIBUTED TO PROSPECTIVE STUDENTS. THERE WAS, HOWEVER, A DOCUMENT KNOWN AS THE VIEW BOOK WHICH WAS PRINTED THAT DID NOT INCLUDE THE NON-DISCRIMINATION STATEMENT. THAT HAS BEEN CORRECTED AND FUTURE PRINTINGS WILL HAVE IT. GEORGETOWN COLLEGE'S LIMITED AMOUNT OF BROADCAST ADVERTISING WAS INSTITUTIONAL IN NATURE AND DID NOT INCLUDE THE STATEMENT SINCE IT WAS NOT DIRECTED SPECIFICALLY TO PROSPECTIVE STUDENTS. THE TELEVISION COMMERCIAL, ORIGINALLY PRODUCED IN 2006, DID DEPICT THE PRESENCE OF PERSONS OF COLOR THEREBY INDICATING ACCEPTANCE OF MINORITIES ON THE COLLEGE'S CAMPUS. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES FUNDS FROM THE FEDERAL GOVERNMENT, PRIMARILY FROM PROGRAMS OVERSEEN BY THE U.S. DEPARTMENT OF EDUCATION, WHICH ARE USED TO PROVIDE FINANCIAL AID AND/OR LOANS TO STUDENTS ATTENDING THE COLLEGE. IN ADDITION, THE COLLEGE RECEIVES OTHER FEDERAL FUNDS, AND FUNDS FROM THE KENTUCKY DEPARTMENT OF EDUCATION, WHICH ARE RELATED TO GRANTS THAT FURTHER THE COLLEGE'S EDUCATIONAL MISSION. EAST ASIA AND THE PACIFIC PROGRAM SERVICE STUDY ABROAD 9830 EUROPE (INCLUDING ICELAND & GREENLAND) PROGRAM SERVICE STUDY ABROAD 37770 EUROPE (INCLUDING ICELAND & GREENLAND) PROGRAM SERVICE REGENT'S PARK COLLEGE PROGRAMS 221235 NORTH AMERICA PROGRAM SERVICE STUDY ABROAD 12590 SOUTH AMERICA PROGRAM SERVICE STUDY ABROAD 9600 SUB-SAHARAN AFRICA PROGRAM SERVICE STUDY ABROAD 1304 EUROPE (INCLUDING ICELAND & GREENLAND) PROGRAM SERVICE SEMINARS/CONFERENCES 2464 SOUTH AMERICA PROGRAM SERVICE STUDENT RECRUITMENT FAIR 7105 0 0 0 0 0 0 301898 0 301898 0 0 0 0 0 0 1 SCHOLARSHIPS 1229 19515594 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: FOR GRANTS RECEIVED BY THE COLLEGE, GRANTS ARE CONTROLLED BY A DESIGNATED RESPONSIBLE PERSON ON CAMPUS, WHO IS TYPICALLY THE PERSON WHO APPLIES FOR THE GRANT. ALL PROPOSED EXPENDITURES FROM THE GRANT MUST BE APPROVED BY THAT PERSON. THE ACCOUNTING DEPARTMENT REVIEWS THE INVOICE FOR APPROPRIATENESS WITH THE NATURE OF THE GRANT, REVIEWS THE ACTUAL TRANSACTION TO MAKE SURE THAT IT IS ADEQUATELY SUPPORTED, AND REVIEWS THE TRANSACTION TO BE SURE THAT IT IS AN ALLOWABLE EXPENSE UNDER FEDERAL LAW. EACH GRANT IS ASSIGNED ITS OWN SET OF GENERAL LEDGER ACCOUNTS TO SEGREGATE THE EXPENSES AND GRANT INCOME FROM OTHER EXPENDITURES AND REVENUES OF THE COLLEGE. IF THE GRANT IS A REIMBURSEMENT GRANT, THE COLLEGE PERIODICALLY DRAWS FUNDS DOWN FROM THE GRANTOR BASED ON THE ACTUAL EXPENSES INCURRED. WHEN REPORTS ARE DUE TO THE GOVERNMENT OR OTHER GRANTOR, THE RESPONSIBLE PERSON PREPARES THE REPORT WITH ASSISTANCE OF THE ACCOUNTING DEPARTMENT. TYPICALLY, THESE REPORTS ARE SIGNED BY THE RESPONSIBLE PERSON AND THE CFO OR PRESIDENT OF THE COLLEGE CERTIFYING THE ACCURACY OF THE REPORT. GRANTS SHOWN ON PART III ARE SCHOLARSHIPS. SCHOLARSHIPS ARE GRANTED IN TWO FORMS. FIRST, SOME SCHOLARSHIPS ARE FUNDED BY DONOR GIFTS OR INVESTMENT INCOME FROM DONOR GIFTS. THESE SCHOLARSHIPS MUST BE GRANTED AS THE DONOR HAS SPECIFIED AT THE TIME OF THE GIFT. THE STUDENT MUST MEET THE DESIGNATED REQUIREMENTS OF THE DONOR. SECOND, THE COLLEGE ALSO AWARDS SCHOLARSHIPS FROM GENERAL COLLEGE REVENUES. THESE SCHOLARSHIPS ARE AWARDED BASED ON ACADEMIC ACHIEVEMENT AND FINANCIAL NEEDS WHICH IS CONSISTENT WITH INDUSTRY STANDARDS. X X X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 WILLIAM H CROUCH JR 233049 0 0 0 41830 0 7710 0 21275 0 303864 0 0 0 PART I, LINE 1A FIRST CLASS OR CHARTER TRAVEL IS PROVIDED ONLY IN CERTAIN LIMITED SITUATIONS. THE PRESIDENT'S WIFE SOMETIMES ACCOMPANIES THE PRESIDENT ON OFFICIAL BUSINESS FOR THE COLLEGE. IN THOSE INSTANCES, THE COLLEGE WILL SOMETIMES PAY THE TRAVEL EXPENSES. CELLULAR PHONE FRINGE BENEFITS ARE GROSSED UP FOR TAX TREATMENT. THE PRESIDENT RESIDES IN A DWELLING OWNED BY THE COLLEGE, WHICH IS PROVIDED TO HIM FOR HIS USE. THE COLLEGE PAYS THE SOCIAL CLUB DUES FOR THE PRESIDENT. CITY OF GEORGETOWN AND GEORGETOWN COLLEGE PROJECT 616001830 372730CJ8 2006-05-17 39640000 REFUNDING OF THE OUTSTANDING COLLEGE 2000 AND 2002 REVENUE BONDS 0 0 0 555000 39640000 39126304 513696 2006 0 1 1 1 0 0 0 0 1 1 1 1 FIFTH THIRD BANK 24.000000000000 0 0 0 0 0 RELATIVES OF OFFICERSTRUSTEES OFFICERS/TRUSTEES $83,926 SCHOLARSHIPS MR MIKE SCANLON HE WAS A TRUSTEE FOR A SHORT TIME DURING THE FISCAL YEAR ENDED 6/30/11. 30000 IN SEPTEMBER 2003, THE COLLEGE ENTERED INTO A 10-YEAR LEASE, LICENSE, AND NAMING RIGHTS AGREEMENT FOR ITS CONFERENCE CENTER WITH A COMPANY OF WHICH MR. SCANLON IS A SIGNIFICANT OWNER AND IS THE CHIEF EXECUTIVE OFFICER. THE COLLEGE RECEIVES $30,000 IN RENTAL INCOME FROM THE COMPANY EACH YEAR FOR FIVE ROOMS AT THE CONFERENCE CENTER. IF THE ROOMS ARE NOT IN USE, THE COLLEGE MAY RENT FOUR OF THE ROOMS TO OTHERS. THE COLLEGE'S ANALYSIS IS THAT THE RENTAL PAYMENT TO THE COLLEGE IS AT FAIR MARKET VALUE FOR SIMILARLY SITUATED PROPERTIES. 0 MS PAIGE SHORT TRUSTEE 15975 EIGHT MONTHS BEFORE SHE BECAME A TRUSTEE SHE ENTERED INTO A SEVEN-YEAR BUILDING LEASE WITH THE COLLEGE, ENDING MARCH 2013. THE BUILDING HOUSES THE EQUINE SCHOLARS PROGRAM. THE COLLEGE BELIEVES THAT THE RENTAL PAYMENTS ARE AT FAIR MARKET VALUE FOR SIMILAR PROPERTIES. 0 DR TODD COKE HIS WIFE, DR. ROSEMARY ALLEN IS THE PROVOST OF THE COLLEGE 66605 DR. TODD COKE HAS BEEN A MEMBER OF THE GEORGETOWN COLLEGE FACULTY FOR OVER 20 YEARS. MS. ALLEN IS THE PROVOST AND IS RESPONSIBLE FOR ACADEMIC PROGRAMS ON CAMPUS. DR. COKE'S COMPENSATION FOR THE YEAR ENDED 6/30/11 WAS $66,605 IN SALARY PLUS THE COLLEGE'S STANDARD BENEFITS 0 MR BI HOUSTON TRUSTEE 50000 MR. B.I. HOUSTON'S WIFE, DEBBIE, WAS ON THE BOARD OF THE KENTUCKY BAPTIST SEMINARY OF KENTUCKY. BEGINNING IN JUNE 2010, THE KENTUCKY BAPTIST SEMINARY ENTERED INTO A LEASE AGREEMENT WITH RENTALS BEGINNING ON AUGUST 1, 2010 FOR SPACE IN THE COLLEGE'S LEARNING RESOURCE CENTER. THE SEMINARY PAYS THE COLLEGE $50,000 IN RENT ANNUALLY. THIS AGREEMENT WAS NEGOTIATED IN GOOD FAITH BY THE MANAGEMENT OF BOTH PARTIES AND THEN SUBMITTED TO APPROVAL BY THE TRUSTEES IN ACCORDANCE WITH THE REQUIREMENTS OF THE RESPECTIVE ORGANIZATIONS. 0 0 X 2 27110 VALUE PER DONOR X 1 94083 VALUE PER DONOR X 9695 VALUE PER DONOR X 7355 VALUE PER DONOR X 18 236720 FAIR MARKET VALUE X SCULPTURE 1 15000 VALUE PER DONOR 0 1 1 THIRD PARTY USE: PART I, LINE 32B: THE INVESTMENT DEPARTMENT OF FIFTH THIRD BANK RECEIVES ALL OF OUR STOCK GIFTS, SELLS THEM ON OUR BEHALF, AND REMITS NET PROCEEDS TO THE COLLEGE. FORM 990, PART VI, SECTION A, LINE 2 MR. SCANLON, TRUSTEE, AND DR. WILLIAM CROUCH, PRESIDENT OF THE GEORGETOWN COLLEGE, ARE INVESTORS AND DIRECTORS OF A COMPANY CALLED NDS, INC. MR. SCANLON WAS A TRUSTEE OF GEORGETOWN COLLEGE AT THE BEGINNING OF THE YEAR, BUT RESIGNED. MR. SCANLON AND DR. CROUCH OWN 18% OF THE COMPANY STOCK. MR. JOHN REED IS THE FATHER-IN-LAW OF DAVID JONES. BOTH ARE TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11 THE COLLEGE FORWARDS A PDF FILE TO THE TRUSTEES ON THE EXECUTIVE/FINANCE COMMITTEE BEFORE THE RETURN IS FILED. IN THE AUGUST MEETING, THE COLLEGE WILL GUIDE THE EXECUTIVE/FINANCE COMMITTEE THROUGH THE RETURN AS FILED. FORM 990, PART VI, SECTION B, LINE 12C ALL SENIOR MANAGERS ARE VERY CONSCIOUS OF ANY ARRANGEMENTS THAT MAY GIVE RISE TO A CONFLICT OF INTEREST, ESPECIALLY RELATED TO DOING ANY BUSINESS WITH A TRUSTEE. SENIOR MANAGERS REPORT ANY POTENTIAL TRANSACTIONS TO THE CFO, WHO IS A CPA. ANNUALLY, THE CONFLICT OF INTEREST AND EXCESS BENEFIT POLICIES ARE DISTRIBUTED TO TRUSTEES. THE TRUSTEES ANNUALLY DISCLOSE ALL POTENTIAL CONFLICTS OF INTEREST, BUSINESS TRANSACTIONS WITH THE COLLEGE, AND ANY OWNERSHIP INTERESTS WHICH MIGHT GIVE RISE TO A CONFLICT. THE TRUSTEES AND OFFICERS OF THE COLLEGE RESPOND DIRECTLY AND INDIVIDUALLY TO THE QUESTIONS ON PART IV, QUESTION 28 (A) THROUGH (C) OF THIS RETURN. FORM 990, PART VI, SECTION B, LINE 15 THE COLLEGE'S COMPENSATION COMMITTEE, COMPOSED OF THE TRUSTEES THAT SERVE ON THE BOARD OF TRUSTEE'S EXECUTIVE/FINANCE COMMITTEE REVIEWS THE PRESENT SALARY AND APPROVES THE BUDGETED SALARY FOR NEXT YEAR FOR THE EMPLOYEES WITH THE TOP FIVE SALARIES AT THE COLLEGE. THIS REVIEW INCLUDES A COMPARISON OF DATA FROM RECOGNIZED SALARY SURVEYS FOR SIMILAR POSITIONS IN THE REGION. THE COMPENSATION COMMITTEE ALSO REVIEWS THE SALARY OF SIMILAR POSITIONS IN PEER INSTITUTIONS IN KENTUCKY BY REFERENCE TO THEIR LATEST AVAILABLE TAX RETURNS. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE DOES NOT MAKE ITS FINANCIAL STATEMENTS PUBLIC, OTHER THAN IN RESPONSE TO A DONOR'S REQUEST OR A GRANT APPLICATION. THE COLLEGE'S BUDGET IS AVAILABLE IN THE ENSOR LEARNING RESOURCE CENTER. THE COLLEGE'S CONFLICT OF INTEREST POLICY IS PART OF THE COLLEGE'S POLICIES AND PROCEDURES, WHICH IS AVAILABLE ON THE COLLEGE'S WEBSITE. GOVERNING DOCUMENTS ARE FILED WITH THE KENTUCKY SECRETARY OF STATE. THE COLLEGE'S FISCAL POLICIES ARE AVAILABLE TO ALL BOARD MEMBERS; THE FINANCIAL STATEMENTS AND AUDIT REPORTS ARE GIVEN TO ALL TRUSTEES EACH YEAR IN ITS OCTOBER MEETING. TRUSTEES ARE REQUIRED TO READ THE CONFLICT OF INTEREST POLICY OF THE COLLEGE AND COMPLETE THE FORM INDICATING WHETHER OR NOT THEY HAVE A CONFLICT. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 7,298,217. CHANGE IN FMV OF SWAP AGREEMENT 1,080,976. ANNUITIES AND LIFE INCOME FUNDS -487,795. TOTAL TO FORM 990, PART XI, LINE 5: 7,891,398. FORM 990, PART XII, LINE 2C THE COLLEGE'S EXECUTIVE/FINANCE COMMITTEE OF THE BOARD OF TRUSTEES ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND THE SELECTION OF THE INDEPENDENT ACCOUNTANT. SCHEDULE E, LINE 3, CONTINUATION THIS COMMERCIAL WAS LAST BROADCAST IN MARCH 2012, AND THE COLLEGE HAS NO PLANS TO USE IT GOING FORWARD. FUTURE ITERATIONS WILL INCLUDE A NON-DISCRIMINATION STATEMENT, HOWEVER. THE COLLEGE HAS BEEN AND CONTINUES TO BE RECOGNIZED NATIONALLY FOR ITS DIVERSITY INITIATIVES. ARTICLES ABOUT THE COLLEGE'S EFFORTS TO RECRUIT MINORITY STUDENTS HAVE APPEARED IN THE NEW YORK TIMES, DALLAS MORNING NEWS AND THE LOUISVILLE COURIER-JOURNAL NEWSPAPERS. THE CONGRESSIONAL BLACK CAUCUS HONORED THE COLLEGE'S INITIATIVES WITH A RECEPTION AT THE UNITED STATES CAPITAL BUILDING. PRESIDENT WILLIAM H. CROUCH, JR. HAS SERVED ON TWO OCCASIONS AS A PANEL MEMBER AND MODERATOR AT THE WORLD DIVERSITY LEADERSHIP SUMMIT AT THE UNITED NATIONS HEADQUARTERS IN NEW YORK; SPEAKS FREQUENTLY TO PRIMARILY AFRICAN AMERICAN CONGREGATIONS AT CHURCHES LIKE ANTIOCH BAPTIST, MEMPHIS, TN, SIXTH AVENUE BAPTIST, BIRMINGHAM, AL, AND ALLEN TEMPLE BAPTIST, OAKLAND, CA; HAS SPOKEN AT DIVERSITY ISSUES AT EDUCATIONAL INSTITUTIONS SUCH AS DUKE UNIVERSITY: AND WAS GUEST SPEAKER AT A DIVERSITY SYMPOSIUM IN NASHVILLE, TN, TO NAME BUT A FEW EXAMPLES OF DIVERSITY OUTREACH. BECAUSE OF ITS EFFORTS TO DIVERSIFY ITS STUDENT BODY, IN PARTICULAR, AND ITS EMPLOYEES, THE COLLEGE WAS RECENTLY INVITED INTO MEMBERSHIP OF THE SOUTHERN UNIVERSITY CONFERENCE. FROM FYE 6/30/08 TO FYE 6/30/11, THE PERCENTAGE OF MINORITY UNDERGRADUATE STUDENTS ENROLLED AT THE COLLEGE HAS INCREASED FROM 8.5% TO 11.8%. IN FEBRUARY 2012, THE COLLEGE WAS RECOGNIZED FOR ITS DIVERSITY EFFORTS BY THE SELECTIVE CORPORATE INTERNSHIP PROGRAM. GEORGETOWN COLLEGE FOUNDATION INC 400 EAST COLLEGE STREET GEORGETOWN KY 40324 611228041 SUPPORTING ORGANIZATION FOR GEORGETOWN COLLEGE KY 501(C)(3) 11A N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0