SHORTER UNIVERSITY INC: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- SHORTER UNIVERSITY INC (EIN 58-2624570)
- Tax period
- 2010-06-01 to 2011-05-31
- Filed
- 2012-04-11
- IRS object ID
- 201231029349300203
- Schema version
- 2010v3.4
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule F
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-04-11T07:58:37-05:00 | Timestamp |
| Tax Period End Date | 2011-05-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Metcalf Davis CPAs | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3340 Peachtree Road NE Suite 2600 | AddressLine1 |
| City | Atlanta | City |
| State | GA | State |
| ZIP Code | 303261089 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-06-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 582624570 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Shorter University Inc | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | SHOR | NameControl |
| Phone | 7062912121 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 315 Shorter Avenue | AddressLine1 |
| City | Rome | City |
| State | GA | State |
| ZIP Code | 301654267 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Stephanie Owens | Name |
| Title | CFO/Vice President of Finance | Title |
| Phone | 7062912121 | Phone |
| Date Signed | 2012-04-10 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | E Wayne Williams Jr | Name |
| Phone | 4042641700 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Harold E Newman EdD | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 315 Shorter Avenue | AddressLine1 |
| City | Rome | City |
| State | GA | State |
| ZIP Code | 301654267 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 64000641 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.shorter.edu | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1873 | YearFormation |
| State Legal Domicile | GA | StateLegalDomicile |
| Activity Or Mission Description | 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. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 36 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 36 | NbrIndependentVotingMembers |
| Total Nbr Employees | 1048 | TotalNbrEmployees |
| Total Nbr Volunteers | 36 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 5780878 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 6254180 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 36146195 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 44064589 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 679790 | InvestmentIncomePriorYear |
| Investment Income Current Year | 791067 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 151789 | OtherRevenuePriorYear |
| Other Revenue Current Year | -26935 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 42758652 | TotalRevenuePriorYear |
| Total Revenue Current Year | 51082901 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 10087694 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 13026764 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 15679700 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 16647695 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 611108 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 16024392 | OtherExpensePriorYear |
| Other Expenses Current Year | 18929001 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 41791786 | TotalExpensesPriorYear |
| Total Expenses Current Year | 48603460 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 966866 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 2479441 | RevenuesLessExpensesCY |
| Total Assets BOY | 56472644 | TotalAssetsBOY |
| Total Assets EOY | 61344657 | TotalAssetsEOY |
| Total Liabilities BOY | 15976474 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 14955638 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 40496170 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 46389019 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | 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. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 11075488 | Expense |
| Revenue | 37301307 | Revenue |
| Description | Instructional - funds expended for instructional activities in Associate, Bachelor, and Master degree programs. Enrollment in 2010 - 2011 included approximately 3,000 students. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 13026764 | Expense |
| Grants | 13026764 | Grants |
| Description | 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. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 7617664 | Expense |
| Revenue | 5861785 | Revenue |
| Description | Student support - funds expended for activities contributing to students' well being and intellectual, cultural, and social development outside of formal instruction. | Description |
Activity Other ActivityOther (2 entries)
| ExpenseExpense | RevenueRevenue | DescriptionDescription |
|---|---|---|
| 3981361 | 901497 | Academic support - expenditures integral to the operation and support of the academic services of the University. |
| 3555788 | Auxiliary enterprises - expenditures to provide services to students, faculty, and staff including housing, cafeteria, bookstore. |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 7537149 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Rev | 901497 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 39257065 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 1 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 1 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 1 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 151 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 1048 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 36 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 36 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 1 | InvestmentInJointVenture |
| Written Policy Or Procedure | 0 | WrittenPolicyOrProcedure |
| States Where Copy Of Return Is Filed | GA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Stephanie Owens | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 7062912121 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 315 Shorter Avenue | AddressLine1 |
| City | Rome | City |
| State | GA | State |
| ZIP Code | 301654267 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (50 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee | FormerFormer |
|---|---|---|---|---|---|---|---|---|---|
| K Deann Cranford | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Dr Les Walters | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Dr Darrell Henry | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Harvard Hopkins | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| DeAnna Cox | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Dr Nelson L Price | |||||||||
| Chairman | 1.00 | X | 0 | 0 | 0 | ||||
| Rev Rick Jordan | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Bob English | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Dr Charlie Bridges | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Jim Dudley | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Glenn Brock | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Joy Battles | |||||||||
| Secretary | 1.00 | X | 0 | 0 | 0 | ||||
| Tony Swafford | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Rev David Harper | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Ken Watkins | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Nancy Garnett | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Dr Lamar Barden | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Rev Lewis Abbott | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Joe Frank Harris Jr | |||||||||
| Vice-Chairman | 1.00 | X | 0 | 0 | 0 | ||||
| Parnick Jennings | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| David Parker | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Ralph Presley | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| James Watkins | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Dr Kyle Carney | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Marilyn Drake | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| James Davenport | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Curtis Hart | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Dr John Pennington | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Gail Wilkins | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Clyde Collier | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Jerry Emerson | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Rev David Franklin | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Ken Guice | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Dr Don Hattaway | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Gerald Shields | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Nolan Robinson | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Dr Harold E Newman | |||||||||
| President | 40.00 | 210971 | 0 | 23637 | X | X | |||
| Loren Shull | |||||||||
| Provost | 40.00 | 114053 | 0 | 13066 | X | ||||
| Debra Faust | |||||||||
| VP Student Affairs | 40.00 | 99235 | 0 | 5052 | X | ||||
| John Head | |||||||||
| VP Enrollment Management | 40.00 | 100459 | 0 | 9412 | X | ||||
| Dawn Tolbert | |||||||||
| VP Public Relations | 40.00 | 70436 | 0 | 7583 | X | ||||
| Stephanie Owens | |||||||||
| VP - Finance/CFO | 40.00 | 136294 | 0 | 11644 | X | ||||
| Melissa Hickman | |||||||||
| Asst. Prof. of Accounting | 40.00 | 117585 | 0 | 12811 | X | ||||
| Vanice Roberts | |||||||||
| Dean School of Nursing | 40.00 | 107657 | 0 | 5897 | X | ||||
| Aaron Werner | |||||||||
| Minister of the University | 40.00 | 75374 | 0 | 15501 | X | ||||
| William E Peterson | |||||||||
| Athletic Director | 40.00 | 75800 | 0 | 14482 | X | ||||
| Robert H Darville | |||||||||
| Dean College of Business | 40.00 | 101231 | 0 | 9794 | X | ||||
| Terry R Morris | |||||||||
| Professor of History | 40.00 | 95455 | 0 | 4520 | X | ||||
| Carl Ericsson | |||||||||
| Assoc. Prof. of Leadership | 40.00 | 101655 | 0 | 12960 | X | ||||
| Kenneth Fincher | |||||||||
| VP - Institutional Advmnt | 40.00 | 44840 | 0 | 3482 | X | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1159576 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 111856 | TotalOtherCompensation |
| Number Individuals GT100 K | 8 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| Aramark | |||||
| 1101 Market Street | Philadelphia | PA | 19107 | Food service | 1743656 |
| National Management Resources Group | |||||
| P O Box 1224 | La Grange | GA | 30241 | Cleaning services | 436261 |
| Distance Mathematics Education Associate | |||||
| P O Box 390833 | Cambridge | MA | 02139 | Software provider | 261625 |
| McCullough Roofing & Metal | |||||
| 710 Lee Avenue | Rome | GA | 30161 | Building maintenance | 241207 |
| Jenzabar | |||||
| P O Box 845939 | Boston | MA | 022845939 | Software provider | 195658 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 5 | NumberOfContractorsGT100K |
| Government Grants | 239571 | GovernmentGrants |
| All Other Contributions | 6014609 | AllOtherContributions |
| Noncash Contributions | 750000 | NoncashContributions |
| Total Contributions | 6254180 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| Tuition and fees, net | 611710 | 37301307 | 37301307 |
| Student Fees - Dormato | 611710 | 3397845 | 3397845 |
| Student Fees - Cafeter | 611710 | 2463940 | 2463940 |
| Miscellaneous Income | 611710 | 409138 | 409138 |
| Student services | 611710 | 216431 | 216431 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 275928 | TotalRevenueColumn |
| Related Or Exempt Function Income | 275928 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 44064589 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 782098 | TotalRevenueColumn |
| Exclusion | $782,098 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 150214 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 177149 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -26935 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -26935 | TotalRevenueColumn |
| Exclusion | -$26,935 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 12749560 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 12740591 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 8969 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 8969 | TotalRevenueColumn |
| Exclusion | $8,969 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 51082901 | TotalRevenueColumn |
| Related Or Exempt Function Income | 44064589 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $764,132 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12019225 | Total |
| Program Services | 12019225 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1007539 | Total |
| Program Services | 1007539 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 845198 | Total |
| Program Services | 392395 | ProgramServices |
| Management And General | 318579 | ManagementAndGeneral |
| Fundraising | 134224 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14263206 | Total |
| Program Services | 12680876 | ProgramServices |
| Management And General | 1399748 | ManagementAndGeneral |
| Fundraising | 182582 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 415591 | Total |
| Program Services | 363435 | ProgramServices |
| Management And General | 48306 | ManagementAndGeneral |
| Fundraising | 3850 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 68427 | Total |
| Program Services | 64483 | ProgramServices |
| Management And General | 2458 | ManagementAndGeneral |
| Fundraising | 1486 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1055273 | Total |
| Program Services | 917530 | ProgramServices |
| Management And General | 116403 | ManagementAndGeneral |
| Fundraising | 21340 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 79586 | Total |
| Management And General | 79586 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 88817 | Total |
| Management And General | 88817 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 48164 | Total |
| Management And General | 48164 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2594311 | Total |
| Program Services | 2372521 | ProgramServices |
| Management And General | 221790 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 308086 | Total |
| Program Services | 177394 | ProgramServices |
| Management And General | 130692 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1903329 | Total |
| Program Services | 1538147 | ProgramServices |
| Management And General | 271049 | ManagementAndGeneral |
| Fundraising | 94133 | Fundraising |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4689 | Total |
| Program Services | 4689 | ProgramServices |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3354585 | Total |
| Program Services | 1325323 | ProgramServices |
| Management And General | 2029262 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1094652 | Total |
| Program Services | 985308 | ProgramServices |
| Management And General | 97817 | ManagementAndGeneral |
| Fundraising | 11527 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 382207 | Total |
| Program Services | 321957 | ProgramServices |
| Management And General | 60250 | ManagementAndGeneral |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 542767 | Total |
| Program Services | 185265 | ProgramServices |
| Management And General | 310140 | ManagementAndGeneral |
| Fundraising | 47362 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1646658 | Total |
| Program Services | 1433248 | ProgramServices |
| Management And General | 213410 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 318349 | Total |
| Program Services | 110145 | ProgramServices |
| Management And General | 208204 | ManagementAndGeneral |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Management And GeneralManagementAndGeneral | Program ServicesProgramServices |
|---|---|---|---|
| Insurance Claims | 1818564 | 1818564 | |
| Repairs & maintenance-P | 1208055 | 1208055 | |
| Designated grant expend | 676624 | 676624 | |
| Misc-Mgmt | 410991 | 410991 | |
| Study abroad-Prgm | 331796 | 331796 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2116771 | Total |
| Program Services | 1141110 | ProgramServices |
| Management And General | 861057 | ManagementAndGeneral |
| Fundraising | 114604 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 48603460 | Total |
| Program Services | 39257065 | ProgramServices |
| Management And General | 8735287 | ManagementAndGeneral |
| Fundraising | 611108 | Fundraising |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 477541 | BOY |
| EOY | 1133604 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1261791 | BOY |
| EOY | 885994 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2616621 | BOY |
| EOY | 3049450 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 58183 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 569162 | BOY |
| EOY | 794893 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 50374352 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 20294764 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 29510791 | BOY |
| EOY | 30079588 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12395839 | BOY |
| EOY | 14481569 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1533979 | BOY |
| EOY | 1483778 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8106920 | BOY |
| EOY | 9377598 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 56472644 | BOY |
| EOY | 61344657 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2614284 | BOY |
| EOY | 2140186 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2512479 | BOY |
| EOY | 1979791 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8474000 | BOY |
| EOY | 8167000 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 514036 | BOY |
| EOY | 426452 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1861675 | BOY |
| EOY | 2242209 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15976474 | BOY |
| EOY | 14955638 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16774601 | BOY |
| EOY | 17471123 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4102661 | BOY |
| EOY | 7807772 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19618908 | BOY |
| EOY | 21110124 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 40496170 | BOY |
| EOY | 46389019 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 56472644 | BOY |
| EOY | 61344657 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 2479441 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 3413408 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 11387910 | BeginningOfYearBalance |
| Contributions | 117092 | Contributions |
| Investment Earnings Or Losses | 2233149 | InvestmentEarningsOrLosses |
| Other Expenditures | 583900 | OtherExpenditures |
| End Of Year Balance | 13154251 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 10221293 | BeginningOfYearBalance |
| Contributions | 45453 | Contributions |
| Investment Earnings Or Losses | 1640164 | InvestmentEarningsOrLosses |
| Other Expenditures | 519000 | OtherExpenditures |
| End Of Year Balance | 11387910 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 12706416 | BeginningOfYearBalance |
| Contributions | 268973 | Contributions |
| Investment Earnings Or Losses | -2104096 | InvestmentEarningsOrLosses |
| Other Expenditures | 650000 | OtherExpenditures |
| End Of Year Balance | 10221293 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.00370 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.86550 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.13080 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 1 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 1 | EndowmentsHeldByRelatedOrgs |
| Are Related Orgs Listed Schedule R | 0 | AreRelatedOrgsListedScheduleR |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1082216 | OtherCostOrOtherBasis |
| Book Value | 1082216 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 32296492 | OtherCostOrOtherBasis |
| Depreciation | 8513027 | Depreciation |
| Book Value | 23783465 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 14664580 | OtherCostOrOtherBasis |
| Depreciation | 11230681 | Depreciation |
| Book Value | 3433899 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2331064 | OtherCostOrOtherBasis |
| Depreciation | 551056 | Depreciation |
| Book Value | 1780008 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 30079588 | TotalOfBookValueLandBuildings |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Beneficial interests in perpetual trusts | Description |
| Book Value | 9377598 | BookValue |
| Method Of Valuation | F | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Program Related | 9377598 | TotalOfBookValueProgramRelated |
Other Liabilities OtherLiabilities (5 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| Annuities payable | $19,357 |
| Refundable advances from federal government | $900,594 |
| Conditional asset retirement obligation | $194,436 |
| Interest rate swap agreement | $830,870 |
| Deferred Rent | $296,952 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 2242209 | TotalOfAmounts |
| Total Revenue | 51082901 | TotalRevenue |
| Total Expenses | 48603460 | TotalExpenses |
| Excess Or Deficit For Year | 2479441 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 3431894 | NetUnrealizedGLOnInvestments |
| Other | -$18,486 | OtherAmount |
| Total Adjustments | 3413408 | TotalAdjustments |
| Excess Or Deficit Per FS | 5892849 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 41722502 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 3431894 | NetUnrealizedGainsInvestments |
| Other Revenues | 57322 | OtherRevenues |
| Revenue Not Rptd F990 | 3489216 | RevenueNotRptdF990 |
| Revenue Subtotal | 38233286 | RevenueSubtotal |
| Other Revenues Not Included | 12849615 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 12849615 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 51082901 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 35829653 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 75808 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 75808 | ExpensesNotRptdF990 |
| Expenses Subtotal | 35753845 | ExpensesSubtotal |
| Other Expenses Not Included | 12849615 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 12849615 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 48603460 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (6 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Description of Uncertain Tax Positions Under FIN 48: | Part X: | FIN 48 Footnote The University is recognized as an organization which is 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 penalites, when it is more likely than not the postion 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 postions as of May 31, 2011 and 2010, and accordingly, no liability has been accrued. Generally the IRS may examine a tax return for three years from the date it is filed. At May 31, 2011, tax years ended May 31, 2008, 2009 and 2010 remained open for possible examination by the IRS. |
| Part XI, Line 8 - Other Adjustments: | Change in split interest agreement 57,322. Valuation adjustment for interest rate swap -75,808. | |
| Part XII, Line 2d - Other Adjustments: | Change in split interest agreement 57,322. | |
| Part XII, Line 4b - Other Adjustments: | Scholarships and financial aid 13,026,764. Rental revenue expenses -177,149. | |
| Part XIII, Line 2d - Other Adjustments: | Valuation adjustment for interest rate swap 75,808. | |
| Part XIII, Line 4b - Other Adjustments: | Scholarships and financial aid 13,026,764. Rental revenue expenses -177,149. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Explanation of Nondiscriminatory Policy Publication | Schedule E, Part I, Line 3 | The University's Statement of Non-Discrimination is included in the Shorter University 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 | The University receives Federal Student Financial Aid. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | 1 | GrantRecordsMaintained |
Accts Actvs Out US Table AcctsActvsOutUSTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | Europe (Including Iceland & Greenland) | Region |
| Number Of Offices | 0 | NumberOfOffices |
| Number Of Employees | 0 | NumberOfEmployees |
| Type Of Activities Conducted | Program services | TypeOfActivitiesConducted |
| Specific Services Provided | Study abroad | SpecificServicesProvided |
| Total Expenditures | 154056 | TotalExpenditures |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Employees | 0 | SubtotalNumberOfEmployees |
| Cont Number Of Employees | 0 | ContNumberOfEmployees |
| Total Number Of Employees | 0 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 154056 | SubtotalAmountSpent |
| Cont Amount Spent | 0 | ContAmountSpent |
| Total Amount Spent | 154056 | TotalAmountSpent |
Grants To Ind Outside US GrantsToIndOutsideUS (7 entries)
| Type Of AssistanceTypeOfAssistance | RegionRegion | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant | Manner Of Cash DisbursementMannerOfCashDisbursement | Method Of ValuationMethodOfValuation |
|---|---|---|---|---|---|
| Financial assistance/scholarships | Central America and the Caribbean | 2 | 37125 | Posted to student account | FMV |
| Financial assistance/scholarships | East Asia and the Pacific | 5 | 59475 | Posted to student account | FMV |
| Financial assistance/scholarships | Europe (Including Iceland & Greenland) | 30 | 570140 | Posted to student account | FMV |
| Financial assistance/scholarships | North America | 4 | 74556 | Posted to student account | FMV |
| Financial assistance/scholarships | Russia & the Newly Independent States | 1 | 16700 | Posted to student account | FMV |
| Financial assistance/scholarships | South America | 4 | 76355 | Posted to student account | FMV |
| Financial assistance/scholarships | Sub-Saharan Africa | 8 | 173188 | Posted to student account | FMV |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | 0 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 0 | OwnForeignCorp |
| Passive Foreign Invest Co | 0 | PassiveForeignInvestCo |
| Foreign Partnership | 0 | ForeignPartnership |
| Boycott Countries | 0 | BoycottCountries |
Form990 Schedule F Part V Form990ScheduleFPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Other Information | Identifier |
| Return Reference | Schedule F, Part V | ReturnReference |
| Explanation | 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. | Explanation |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 0 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | Scholarships and financial aid | TypeOfGrant |
| Number Of Recipients | 1480 | NumberOfRecipients |
| Amount Of Cash Grant | 12019225 | AmountOfCashGrant |
| Amount Of Non Cash Assistance | 0 | AmountOfNonCashAssistance |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Written Policy Re T And E Expenses | 0 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 0 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Written Employment Contract | X | WrittenEmploymentContract |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Dr Harold E Newman | NamePerson |
| Base Compensation Filing Org | 151000 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 59971 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 19250 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 4387 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 234608 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | Part I, Line 1a | ReturnReference |
| Explanation | Housing allowance or residence for personal use - The President of the University (Dr. Harold E. Newman) is provided with a housing allowance in the amount of $24,000 that is included in taxable compensation on his Form W-2. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Development Authority of Floyd County | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 237182908 | IssuerEIN |
| Date Issued | 2007-07-01 | DateIssued |
| Issue Price | 9000000 | IssuePrice |
| Description Of Purpose | Construction of campus buildings | DescriptionOfPurpose |
| Defeased | 0 | Defeased |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Pool Financing | 0 | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amount Retired | 8884000 | AmountRetired |
| Capitalized Interest | 116000 | CapitalizedInterest |
| Capital Expenditures | 8768000 | CapitalExpenditures |
| Year Of Subst Completion | 2007 | YearOfSubstCompletion |
| Current Refunding | 1 | CurrentRefunding |
| Advance Refunding | 0 | AdvanceRefunding |
| Final Allocation Made | 1 | FinalAllocationMade |
| Adequate Books And Recds Maintaind | 1 | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Owning Bond Financed Property | 0 | OwningBondFinancedProperty |
| Any Lease Arrangements | 0 | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | 0 | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | 0 | AnyResearchAgreements |
| Post Issuance Compliance Procdrs | 0 | PostIssuanceComplianceProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8038 T Filed | 0 | Form8038TFiled |
| Variable Rate Issue | 0 | VariableRateIssue |
| Hedge Identified In Books And Recds | 0 | HedgeIdentifiedInBooksAndRecds |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | 0 | GrossProceedsInvested |
| Exception To Rebate | 0 | ExceptionToRebate |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV (2 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| Gregory Owens | |||
| Mr. Owens (Spouse of Stephanie R. Owens, CFO) | 51214 | The University compensates the CFO's spouse, Gregory Owens, for his position with the University as the Head Golf Coach. | 0 |
| Carrie Owens | |||
| Mrs. Carrie Owens (Daughter-in-law of Stephanie R. Owens, CFO) | 21873 | The University compensates the CFO's daughter-in-law, Carrie Owens, for her position with the Unviersity as a Student Account Representative in the business office. | 0 |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 750000 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| Form 990, Part VI, Section B, line 11 | A copy of the Form 990 is 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. | |
| The University requires employees to annually disclose any conflicts of interest. | Form 990, Part VI, Section B, line 12c | |
| Human resources researches pay scales for comparable positions in a comparable area of the country. The level of compensation is based upon this study. | Form 990, Part VI, Section B, line 15 | |
| The University's Form 990 is available upon request. | Form 990, Part VI, Section C, line 18 | |
| The University's governing documents are available upon request. | Form 990, Part VI, Section C, line 19 | |
| Changes in Net Assets or Fund Balances: | Net unrealized gains on investments: 3,431,894. Change in split interest agreement 57,322. Valuation adjustment for interest rate swap -75,808. Total to Form 990, Part XI, Line 5: 3,413,408. | Form 990, Part XI, line 5: |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Controlled OrgControlledOrg |
|---|---|---|---|---|---|---|---|---|---|
| Georgia Baptist Convention | |||||||||
| 6405 Sugarloaf Parkway | Duluth | GA | 30097 | 580566245 | Church | GA | 501 (c)(3) | 170(b)(1) (A)(i) | 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) | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 1 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 1 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (3 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved |
|---|---|
| Georgia Baptist Convention | |
| C | 2187258 |
| Georgia Baptist Foundation Inc | |
| L | 9377598 |
| Georgia Baptist Foundation Inc | |
| C | 255169 |