2012-05-03T09:48:56-05:00 2011-06-30 WINDHAM BRANNON PC 3630 PEACHTREE RD NE SUITE 600 ATLANTA GA 30326 990 2010-07-01 580566116 AGNES SCOTT COLLEGE AGNE 4044716308 141 EAST COLLEGE AVENUE DECATUR GA 30030 JOHN P HEGMAN 4044716308 2012-04-27 1 CARLYE W BUCHANAN 4048982000 2012-04-27 2010 2016-02-24 21:20:13Z ELIZABETH KISS 141 EAST COLLEGE AVENUE DECATUR GA 30030 239421308 0 X WWW.AGNESSCOTT.EDU X 1889 GA A PRIVATE LIBERAL ARTS COLLEGE WITH THE MISSION TO EDUCATE WOMEN TO THINK DEEPLY, LIVE HONORABLY AND ENGAGE THE INTELLECTUAL AND SOCIAL CHALLENGES OF THEIR TIMES. 31 31 1105 533 207288 -208060 7696355 10572842 24574407 26727155 11982297 15777490 8754062 9151383 53007121 62228870 14864687 16632723 0 0 20632549 24104136 0 0 3745892 24083809 25084534 59581045 65821393 -6573924 -3592523 374096869 396316308 88186072 89318281 285910797 306998027 X FOUNDED IN 1889, AGNES SCOTT COLLEGE IS AN INDEPENDENT LIBERAL ARTS COLLEGE FOR WOMEN WHOSE MISSION IS TO EDUCATE WOMEN TO THINK DEEPLY, LIVE HONORABLY AND ENGAGE THE INTELLECTUAL AND SOCIAL CHALLENGES OF THEIR TIMES. 0 0 16547774 16547774 STUDENT AID ENCOMPASSES DIRECT FINANCIAL AID PROVIDED BY THE COLLEGE TO FACILITATE ITS STUDENTS' PURSUIT OF A COLLEGE EDUCATION. 15137468 0 INSTRUCTION IS PROVIDED BY FULL-TIME FACULTY AND PART-TIME FACULTY MEMBERS REPRESENTING NUMEROUS ACADEMIC DEPARTMENTS. 7303842 0 ACADEMIC SUPPORT COMPRISES INFORMATION TECHNOLOGY SERVICES, REGISTRAR, ACADEMIC ADVISING, FACULTY SERVICES, LIBRARY, ETC. THESE ADMINISTRATIVE OFFICES ASSIST THE COLLEGE IN ITS EDUCATIONAL MISSION. 6142101 84949 35080957 STUDENT SERVICES 6142101 84949 35080957 45131185 1 1 0 0 0 0 1 0 1 1 1 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 1 88 0 1 1105 1 1 1 0 0 0 0 0 0 0 0 0 X 31 31 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 GA NY CA X LAI CHAN CONTROLLER 4044716308 141 EAST COLLEGE AVENUE DECATUR GA 30030 GAY O ABBOTT 2.00 X 0 0 0 MARY GAY BANKSTON 2.00 X 0 0 0 PAMELA J BEVIER 2.00 X 0 0 0 ROBERT L BROWN JR 2.00 X 0 0 0 JOHN WALTER DRAKE 2.00 X 0 0 0 SUZANNE C FEESE 2.00 X X 0 0 0 ANN GLENDINNING 2.00 X 0 0 0 AUDREY L GRANT 2.00 X 0 0 0 ELIZABETH DANIEL HOLDER 2.00 X 0 0 0 SANDRA THOME JOHNSON 2.00 X 0 0 0 ELIZABETH RHETT JONES 2.00 X 0 0 0 MELODY C JUSTICE 2.00 X 0 0 0 PHYLLIS E KOZARSKY 2.00 X 0 0 0 NANCY MOORE KUYKENDALL 2.00 X 0 0 0 DENNIS P LOCKHART 2.00 X 0 0 0 JAMES E LOVE III 2.00 X 0 0 0 JEANNE KAUFMANN MANNING 2.00 X 0 0 0 LINDA KAY HUDSON MCGOWAN 2.00 X 0 0 0 PORTIA O MORRISON 2.00 X 0 0 0 MARSHA NORMAN 2.00 X 0 0 0 RICHARD A OGLESBY JR 2.00 X 0 0 0 JESSICA H OWENS 2.00 X 0 0 0 SUSAN M PHILLIPS 2.00 X 0 0 0 B CLAYTON ROLADER 2.00 X 0 0 0 BOLLING P SPALDING 2.00 X 0 0 0 O BENJAMIN SPARKS 2.00 X 0 0 0 BERNARD TAYLOR SR 2.00 X 0 0 0 CLYDE C TUGGLE 2.00 X X 0 0 0 DAVID L WARREN 2.00 X 0 0 0 DAVID D WEITNAUER 2.00 X 0 0 0 ROBERT C WILLIAMS 2.00 X 0 0 0 ELIZABETH KISS 40.00 X X 247105 0 41885 DONNA A LEE 40.00 X 110550 0 34007 CAROLYN J STEFANCO 40.00 X 82752 0 20434 JOHN P HEGMAN 40.00 X 168375 0 35164 ROBERT PARKER 40.00 X 160115 0 30750 LEA ANN HUDSON 40.00 X 80776 0 8767 MADELINE ZAVODNY 40.00 X 104177 0 5349 LANETA M COUNTS 40.00 X 108942 0 10001 WILLIAM D HOPKINS 40.00 X 114696 0 12476 JAMES K DIEDRICK 40.00 X 118143 0 10630 JOHN F PILGER 40.00 X 125365 0 14799 ROSEMARY LEVY-ZUMWALT 40.00 X 172192 0 13338 1593188 0 237600 10 1 1 0 ARAMARK SERVICES INC 141 EAST COLLEGE AVENUE DECATUR GA 30030 FOOD SERVICE 2015129 PADGETT SERVICES LLC 140 MOUNTAIN BROOK DRIVE CANTON GA 30115 HVAC & MECHANICAL MAINTENANCE 699696 J SMITH LANIER & COMPANY 11330 LAKEFIELD DRIVE DULUTH GA 30097 INSURANCE 400615 TECHNOLOGY INTEGRATION GROUP 6649A PEACHTREE INDUSTRIAL BLVD NORCROSS GA 30092 TECHNICAL INTEGRATION CONTRACTOR 335261 VALLEYCREST LANDSCAPE GROUP PO BOX 404083 ATLANTA GA 30384 LANDSCAPE MAINTENANCE 205536 7 10572842 2523239 10572842 TUITION & FEE INCOME 611600 26727155 26727155 26727155 3431839 3431839 522586 219281 303305 303305 303305 189157220 161588 176958456 14701 12198764 146887 12345651 12345651 AUXILIARY ENTERPRISES 611710 7979438 7772150 207288 RESEARCH GRANTS 611710 570819 570819 VENDING & PARKING 611710 53906 53906 243915 10833 233082 8848078 62228870 35080957 207288 16367783 84949 84949 16547774 16547774 786417 193302 397514 195601 172192 172192 19435256 13886880 4118754 1429622 897371 657691 143150 96530 1544507 966407 299299 278801 1268393 889181 229814 149398 99114 99114 195200 195200 1147847 1147847 4152999 1339311 1819796 993892 15447 5365 3058 7024 2432636 867906 1428148 136582 57936 39936 18000 513814 410525 33968 69321 195725 96758 975 97992 2638858 1467208 1171650 5525493 3072181 2453312 482892 1149 481743 FACILITY OPERATION & MA 3808237 2079667 1728570 EQUIPMENT PURCHASES 955363 971403 -16098 58 RETIREES' COSTS 687791 473341 214450 MEALS & ENTERTAINMENT 457124 175184 225319 56621 TUITION REMISSION 278324 0 278324 1439734 1246152 191582 2000 65821393 45131185 16944316 3745892 10668330 12364322 2278078 2951155 807134 450140 1180095 1319822 180036213 71888074 112709239 108148139 85780999 90229524 151724892 172097366 8948102 8755840 374096869 396316308 4474300 7511829 808335 828402 74146613 72189853 1146980 1128123 7609844 7660074 88186072 89318281 X 65669152 65127069 153959204 169036246 66282441 72834712 285910797 306998027 374096869 396316308 X -3592523 24679753 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 234972872 5069868 37511483 8526991 9743716 259283516 230611586 2008260 22234207 18544300 1336881 234972872 307663898 2503423 -60690379 17903901 961455 230611586 0.10850 0.25230 0.63920 0 0 1725918 1725918 144873861 46734049 98139812 24024131 18861294 5162837 9412303 6292731 3119572 108148139 8610282 F COMMINGLED FUNDS 32406255 F REAL ESTATE PARTNERSHIPS 25090129 F POOLED EQUITY FUNDS 83537161 F PRIVATE EQUITY PARTNERSHIPS 22453539 F 172097366 ACCRUED POSTRETIREMENT BENEFIT 7660074 7660074 62228870 65821393 -3592523 23932306 747447 24679753 21087230 70374550 23932306 1940033 25872339 44502211 1147847 16578812 17726659 62228870 49204332 1078560 1078560 48125772 1147847 16547774 17695621 65821393 PART III, LINE 1A: PER THE AUDITED FINANCIAL STATEMENTS, "CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED ON THE FINANCIAL STATEMENTS. PROCEEDS FROM THE DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. DONATIONS OF ARTWORK ARE ACCEPTED WITH CONSIDERATION TO HOW THEY WILL BENEFIT THE CAMPUS LEARNING ENVIRONMENT. THE COLLECTION ITEMS ARE SUBJECT TO A POLICY THAT REQUIRES PROCEEDS FROM THEIR SALES TO BE USED FOR THE ACQUISITION OF NEW COLLECTION ITEM(S). DURING THE FISCAL YEARS ENDING JUNE 30, 2011 AND JUNE 30, 2010, NO SALES OF COLLECTION ITEMS OCCURED AND NO COLLECTION ITEMS WERE GIVEN AWAY, DAMAGED, DESTROYED, LOST OR OTHERWISE DEACCESSED." PART III, LINE 4: THE AGNES SCOTT COLLEGE PERMANENT COLLECTION IS A LIVING, ECLECTIC GATHERING OF ARTWORK THAT ENCOMPASSES A BROAD RANGE OF HISTORY, MEDIA AND ATTITUDES. COMPLEMENTING THE PERMANENT COLLECTION IS THE DYNAMIC PROGRAMMING OF THE DALTON GALLERY, WHICH ORGANIZES TEMPORARY EXHIBITIONS DESIGNED TO PROMOTE AN UNDERSTANDING OF THE ARTS. IT IS LOCATED AT THE HEART OF THE DANA FINE ARTS BUILDING, A STRUCTURE BUILT IN 1965 AND DESIGNED BY JOHN PORTMAN, WHICH HOUSES THE ART HISTORY AND STUDIO ART DEPARTMENT. IT ALSO HOUSES THE THEATRE DEPARTMENT. IN SUPPORT OF THE MISSION OF THE COLLEGE, THE FOCUS OF NEW ACQUISITIONS IS LARGELY BUT NOT EXCLUSIVELY WORKS BY WOMEN ARTISTS ON PAPER. ARTWORK IS SELECTED AND DONATIONS ACCEPTED WITH CONSIDERATION TO HOW THEY WILL BENEFIT THE CAMPUS LEARNING ENVIRONMENT. THE COLLECTION IS ACTIVELY USED WITHIN THE ARTS CURRICULUM AND ACROSS DISCIPLINES. THE ART DEPARTMENT OFFERS THREE UNDERGRADUATE MAJORS, INCLUDING STUDIO ART AND ART HISTORY, TO STUDENTS. IN ADDITION, STUDENTS WRITE VISUAL ANALYSES OF WORKS AND FIVE TOURS TO THE PUBLIC. INFORMATIVE WALL TEXT IS RESEARCHED AND WRITTEN BY STUDENTS UNDER THE GUIDANCE OF FACULTY. WORKS BY AGNES SCOTT STUDENTS ARE EMBRACED INTO THE OVERALL DISPLAY, INCLUDING A VIBRANT BODY OF SELF PORTRAIT WOODBLOCK PRINTS THAT ARE SITED IN DORMS AND PUBLIC BUILDINGS. FURTHERMORE, ALONG WITH A STUDENT SHOW, THE GALLERY PRESENTS TWO EXHITITS A YEAR WHICH INCLUDE A ROSTER OF LOCAL, NATIONAL, AND INTERNATIONAL PROFESSIONAL ARTISTS AND ARE ORGANIZED AROUND AN INCLUSIVE THEME THAT ENGAGES COMTEMPORARY ISSUES, FOCUSING NOT ONLY ON THE WORLD OF ART BUT ALSO ON THE LARGER GLOBAL CONVERSATION. HAVING SUCH A DYNAMIC TEACHING COLLECTION BORNE FROM A MISSION OF EDUCATION ENRICHES THE LEARNING ENVIRONMENT AND CONNECT THE VIEWER IN A TIMELESS DIALOGUE. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: ENDOWMENT FUNDS ARE USED TO SUPPORT THE GENERAL OPERATIONS OF THE COLLEGE, TO PROVIDE SCHOLARSHIPS TO THE STUDENTS AND FOR THE FURTHERANCE OF ACADEMIC PROGRAMS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE COLLEGE IS RECOGNIZED AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3), EXCEPT FOR TAXES ON INCOME FROM ACTIVITIES UNRELATED TO ITS EXEMPT PURPOSE. THE COLLEGE EVALUATES ITS UNCERTAIN TAX POSITIONS USING THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) 740 INCOME TAXES. THE COLLEGE FOLLOWS THE CRITERION THAT AN INDIVIDUAL TAX POSITION HAS TO MEET FOR SOME OR ALL OF THE BENEFITS OF THAT POSITION TO BE RECOGNIZED IN THE COLLEGE'S FINANCIAL STATEMENTS. THE COLLEGE DETERMINED THAT THE RELEVANT TAX AUTHORITY WOULD MORE LIKELY THAN NOT SUSTAIN THE TAX POSITION FOLLOWING AN AUDIT. THE COLLEGE HAS APPLIED THIS CRITERION TO ALL TAX POSITIONS FOR WHICH THE STATUTE OF LIMITATIONS REMAINS OPEN. TAX YEARS OPEN TO EXAMINATION BY TAX AUTHORITIES UNDER THE STATUTE OF LIMITATIONS INCLUDE FISCAL 2008 THROUGH 2011. THE COLLEGE HAS A POLICY TO RECORD INTEREST AND PENALTIES (IF ANY) RELATED TO INCOME TAX MATTERS IN INCOME TAX EXPENSE. THE COLLEGE HAS DETERMINED THAT ITS TAX POSITIONS SATISFY THE MORE LIKELY THAN NOT CRITERION AND THAT NO PROVISION FOR INCOME TAXES IS REQUIRED AT JUNE 30, 2011. FOR THE YEARS ENDED JUNE 30, 2011 AND 2010 NO INTEREST AND PENALTIES WERE RECORDED. PART XI, LINE 8 - OTHER ADJUSTMENTS: ADJUSTMENTS FOR O/S PLEDGES - PERMANENT DIFFERENCE 673,077. RENTAL EXPENSES 14,872. NON-CASH CONTRIBUTIONS -31,038. CHANGE IN SPLIT INTEREST AGREEMENTS -259,951. POSTRETIREMENT BENEFIT CHANGES 350,487. PART XII, LINE 2D - OTHER ADJUSTMENTS: AVERY PROPERTY INCOME 1,307,625. RENTAL EXPENSE 219,282. ADJUSTMENTS FOR O/S PLEDGES - PERMANENT DIFFERENCE 673,077. CHANGE IN SPLIT-INTEREST AGRMS & BENEFICAL INTERESTS IN PERPETUAL TRUSTS -259,951. PART XII, LINE 4B - OTHER ADJUSTMENTS: NON-CASH CONTRIBUTIONS 31,038. STUDENT AID 16,547,774. PART XIII, LINE 2D - OTHER ADJUSTMENTS: AVERY PROPERTY EXPENSE 874,151. RENTAL EXPENSES 204,409. PART XIII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID 16,547,774. 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 OUR NONDISCRIMINATORY POLICY IS MADE KNOWN TO THE GENERAL COMMUNITY THROUGH OUR CATALOGS, BROCHURES, ADMISSIONS APPLICATIONS AND ON OUR WEBSITE. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 AGNES SCOTT COLLEGE IS THE RECIPIENT OF THE FOLLOWING FEDERAL AID PROGRAMS: PELL GRANTS, SUPPLEMENTAL EDUCATION OPPORTUNITY GRANTS, FEDERAL WORK STUDY GRANTS, NATIONAL INSTITUTE OF HEALTH RESEARCH GRANTS AND NATIONAL SCIENCE FOUNDATION RESEARCH GRANTS. 1 BALLYKEEL INC 141 EAST COLLEGE AVENUE DECATUR GA 30030 582338224 501(C)(3) 84949 FAIR MARKET VALUE AGNES SCOTT SOLELY TRANSFERS TO BALLYKEEL THE FUNDS TO PAY THE ANNUAL LEASE PAYMENT FOR PROPERTY HELD BY BALLYKEEL, A SUPPORTING ORGANIZATION OF OF AGNES SCOTT. THE AMOUNT IS DETERMINED PURSUANT TO A REVIEW OF THE LEASE TERMS. 1 0 STUDENT SCHOLARSHIPS 172 1415658 BOOK VALUE TUITION SCHOLARSHIPS REGULAR GRANTS 804 14378697 BOOK VALUE TUITION GRANTS RTC AND SEOG GRANTS 16 29165 BOOK VALUE STUDY ABROAD GRANTS WORK STUDY 492 724254 BOOK VALUE WORK STUDY GRANTS PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: TO ENSURE THAT THE GRANTS MADE TO INDIVIDUALS IN THE UNITED STATES, OTHER THAN WORK STUDY GRANTS, ARE USED FOR PROPER PURPOSES AND ARE NOT OTHERWISE DIVERTED FROM THE INTENDED USE, THE FACULTY DEPARTMENT THAT HAS BUDGETARY CONTROL OF THE FUNDS SELECTS AND MONITORS THE RECIPIENTS OF THESE GRANTS. FOR WORK STUDY GRANTS, THE FACULTY OR ADMINISTRATIVE DEPARTMENT WHERE THE STUDENT'S WORK WAS PERFORMED APPROVES ALL STUDENT WORK HOURS AND SUBMITS PAPERWORK TO THE PAYROLL OFFICE FOR PAYMENT TO THE STUDENT. X 1 1 X X X 0 0 0 0 0 0 0 0 0 ELIZABETH KISS 246655 0 0 0 450 0 12355 0 29530 0 288990 0 0 0 JOHN P HEGMAN 166395 0 0 0 1980 0 8418 0 26746 0 203539 0 0 0 ROBERT PARKER 159679 0 0 0 436 0 2308 0 28442 0 190865 0 0 0 ROSEMARY LEVY-ZUMWALT 168435 0 0 0 3757 0 8610 0 4728 0 185530 0 0 0 PART I, LINE 1A THE COLLEGE PROVIDES A RESIDENCE FOR PERSONAL USE TO THE PRESIDENT AND FOUR OF THE OTHER OFFICERS. THE HOUSING IS EXCLUDED FROM TAXABLE INCOME UNDER IRS CODE SECTION 119 AND INCLUDED IN COLUMN D IN SCHEDULE J, PART II. PRIVATE COLLEGES AND UNIVERSITIES AUTHORITIES 2004A 581407780 74265LRA8 2004-07-29 9709094 TO REFUND PRIOR ISSUE 08/17/1993 0 0 0 PRIVATE COLLEGES AND UNIVERSITIES AUTHORITIES 2004B 581407780 74269JAA7 2004-07-29 11595000 TO REFUND PRIOR ISSUE 08/17/1993 0 0 0 PRIVATE COLLEGES AND UNIVERSITIES AUTHORITIES 2009 581407780 74265LWK0 2009-07-09 42784759 TO REFUND PRIOR ISSUE 02/02/1999 0 0 0 PRIVATE COLLEGES AND UNIVERSITIES AUTHORITIES 2011 581407780 742649MA1 2011-04-28 17830000 TO REFUND PRIOR ISSUE 02/02/1999 0 0 0 9476681 194182 38231 2000 1 0 1 1 11431145 163855 1 0 1 1 42217352 567407 1 0 1 1 17105000 17511244 318756 1 0 1 1 0 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 SCHEDULE K, PART II, LINE 11A OTHER SPENT PROCEEDS: DEPOSIT INTO BOND FUND OF EXCESS PROCEEDS TO PAY DOWN PRINCIPAL ON BONDS X 1 30000 FAIR MARKET VALUE X 24 833008 FAIR MARKET VALUE X 1 1441484 FAIR MARKET VALUE X 1 171100 FAIR MARKET VALUE X BOARD MEETING EXPENSE 6 33221 COST X OTHER GOODS 2 770 COST X MINERAL RIGHTS 1 13656 FAIR MARKET VALUE 0 1 1 METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: PART I, COLUMN (B): BECAUSE WE RECEIVE MULTIPLE ITEMS OF THE SAME TYPE FROM THE SAME DONOR, WE COUNT THIS AS ONE DONATION. IF WE RECEIVE THE SAME ITEM FROM MULTIPLE DONORS, WE COUNT THE ITEMS. THIRD PARTY USE: PART I, LINE 32B: THE COLLEGE DOES HIRE AND USE THIRD PARTIES TO SELL AND PROCESS NONCASH CONTRIBUTIONS THAT ARE SECURITIES, REAL ESTATE, OR VEHICLES. FOR SECURITIES, THE COLLEGE USES OUR BROKER TO SELL SAME DAY AT FAIR MARKET VALUE. HOWEVER THE COLLEGE DOES NOT HIRE OR USE THIRD PARTIES TO SOLICIT NONCASH CONTRIBUTIONS. ONLY EMPLOYEES OF THE COLLEGE OR STUDENT VOLUNTEERS SOLICIT DONATIONS. FORM 990, PART VI, SECTION B, LINE 11 THE VICE PRESIDENT OF BUSINESS & FINANCE PERFORMS A DETAILED REVIEW OF THE FORM 990 BEFORE FILING THE RETURN. THE PRESIDENT OF THE COLLEGE, THE CHAIR OF THE COLLEGE'S BOARD OF TRUSTEES, AND THE CHAIR OF THE FINANCE COMMITTEE (STANDING COMMITTEE OF THE BOARD) WILL RECEIVE A COPY OF THIS RETURN FOR REVIEW BEFORE FILING. THE OTHER MEMBERS OF THE BOARD WILL RECEIVE A COPY OF THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C ON A YEARLY BASIS, EVERY COLLEGE OFFICER AND EACH MEMBER OF THE COLLEGE'S BOARD OF TRUSTEES IS REQUIRED TO SIGN THE POLICY AND DISCLOSE WHETHER THEY HAVE ANY CONFLICTS. THE SECRETARY OF THE BOARD OF TRUSTEES OVERSEES THE RECEIPT OF THESE POLICIES AND REPORTS TO THE CHAIRMAN OF THE BOARD OF TRUSTEES IF ANY CONFLICT IS NOTED. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE PRESIDENT OF THE COLLEGE IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES. FOR ITS REVIEW AND DISCUSSION, THE BOARD USES COMPARABLE COMPENSATION INFORMATION. CONTEMPORANEOUS DOCUMENTATION OF ITS DISCUSSIONS IS RECORDED IN THE MINUTES OF THE BOARD OF TRUSTEES. THE COMPENSATION FOR ALL KEY EMPLOYEES IS NEGOTIATED BY THE PRESIDENT AND HUMAN RESOURCES AND IS APPROVED BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE MAKES ITS ANNUAL AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AND APPROVAL OF AN OFFICER. THE COLLEGE DOES NOT MAKE ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO PUBLIC INSPECTION. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 23,932,306. ADJUSTMENTS FOR O/S PLEDGES - PERMANENT DIFFERENCE 673,077. RENTAL EXPENSES 14,872. NON-CASH CONTRIBUTIONS -31,038. CHANGE IN SPLIT INTEREST AGREEMENTS -259,951. POSTRETIREMENT BENEFIT CHANGES 350,487. TOTAL TO FORM 990, PART XI, LINE 5: 24,679,753. AVERY PROPERTIES INC 141 E COLLEGE AVE DECATUR GA 30030 582328397 REAL ESTATE GA 501(C)(3) LINE 11B, II N/A 0 BALLYKEEL INC 141 E COLLEGE AVE DECATUR GA 30030 582338224 HOLDING CO. GA 501(C)(3) LINE 11B, II N/A 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 BALLYKEEL INC B 84949 CASH CONTRIBUTED AVERY PROPERTIES INC D 4084985 AMOUNT BORROWED AVERY PROPERTIES INC R 743520 CASH TRANSFERRED