2012-04-11T07:58:37-05:00 2011-05-31 Metcalf Davis CPAs 3340 Peachtree Road NE Suite 2600 Atlanta GA 303261089 990 2010-06-01 582624570 Shorter University Inc SHOR 7062912121 315 Shorter Avenue Rome GA 301654267 Stephanie Owens 7062912121 2012-04-10 1 E Wayne Williams Jr 4042641700 2010 2016-02-24 21:20:13Z Harold E Newman EdD 315 Shorter Avenue Rome GA 301654267 64000641 0 X www.shorter.edu X 1873 GA 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. 36 36 1048 36 0 0 5780878 6254180 36146195 44064589 679790 791067 151789 -26935 42758652 51082901 10087694 13026764 0 0 15679700 16647695 0 0 611108 16024392 18929001 41791786 48603460 966866 2479441 56472644 61344657 15976474 14955638 40496170 46389019 X 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. 0 0 11075488 37301307 Instructional - funds expended for instructional activities in Associate, Bachelor, and Master degree programs. Enrollment in 2010 - 2011 included approximately 3,000 students. 13026764 13026764 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. 7617664 5861785 Student support - funds expended for activities contributing to students' well being and intellectual, cultural, and social development outside of formal instruction. 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. 7537149 901497 39257065 1 1 0 0 0 0 0 0 0 1 1 0 1 0 1 1 1 0 1 0 0 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 0 0 0 0 1 151 0 1 1048 1 0 0 0 0 0 1 1 0 0 X 36 36 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 0 GA X Stephanie Owens 7062912121 315 Shorter Avenue Rome GA 301654267 K Deann Cranford 1.00 X 0 0 0 Dr Les Walters 1.00 X 0 0 0 Dr Darrell Henry 1.00 X 0 0 0 Harvard Hopkins 1.00 X 0 0 0 DeAnna Cox 1.00 X 0 0 0 Dr Nelson L Price 1.00 X 0 0 0 Rev Rick Jordan 1.00 X 0 0 0 Bob English 1.00 X 0 0 0 Dr Charlie Bridges 1.00 X 0 0 0 Jim Dudley 1.00 X 0 0 0 Glenn Brock 1.00 X 0 0 0 Joy Battles 1.00 X 0 0 0 Tony Swafford 1.00 X 0 0 0 Rev David Harper 1.00 X 0 0 0 Ken Watkins 1.00 X 0 0 0 Nancy Garnett 1.00 X 0 0 0 Dr Lamar Barden 1.00 X 0 0 0 Rev Lewis Abbott 1.00 X 0 0 0 Joe Frank Harris Jr 1.00 X 0 0 0 Parnick Jennings 1.00 X 0 0 0 David Parker 1.00 X 0 0 0 Ralph Presley 1.00 X 0 0 0 James Watkins 1.00 X 0 0 0 Dr Kyle Carney 1.00 X 0 0 0 Marilyn Drake 1.00 X 0 0 0 James Davenport 1.00 X 0 0 0 Curtis Hart 1.00 X 0 0 0 Dr John Pennington 1.00 X 0 0 0 Gail Wilkins 1.00 X 0 0 0 Clyde Collier 1.00 X 0 0 0 Jerry Emerson 1.00 X 0 0 0 Rev David Franklin 1.00 X 0 0 0 Ken Guice 1.00 X 0 0 0 Dr Don Hattaway 1.00 X 0 0 0 Gerald Shields 1.00 X 0 0 0 Nolan Robinson 1.00 X 0 0 0 Dr Harold E Newman 40.00 X X 210971 0 23637 Loren Shull 40.00 X 114053 0 13066 Debra Faust 40.00 X 99235 0 5052 John Head 40.00 X 100459 0 9412 Dawn Tolbert 40.00 X 70436 0 7583 Stephanie Owens 40.00 X 136294 0 11644 Melissa Hickman 40.00 X 117585 0 12811 Vanice Roberts 40.00 X 107657 0 5897 Aaron Werner 40.00 X 75374 0 15501 William E Peterson 40.00 X 75800 0 14482 Robert H Darville 40.00 X 101231 0 9794 Terry R Morris 40.00 X 95455 0 4520 Carl Ericsson 40.00 X 101655 0 12960 Kenneth Fincher 40.00 X 44840 0 3482 1159576 0 111856 8 0 1 0 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 5 239571 6014609 750000 6254180 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 275928 275928 44064589 782098 782098 150214 177149 -26935 -26935 -26935 12749560 12740591 8969 8969 8969 51082901 44064589 0 764132 12019225 12019225 1007539 1007539 845198 392395 318579 134224 14263206 12680876 1399748 182582 415591 363435 48306 3850 68427 64483 2458 1486 1055273 917530 116403 21340 79586 79586 88817 88817 48164 48164 2594311 2372521 221790 308086 177394 130692 1903329 1538147 271049 94133 4689 4689 3354585 1325323 2029262 1094652 985308 97817 11527 382207 321957 60250 542767 185265 310140 47362 1646658 1433248 213410 318349 110145 208204 Insurance Claims 1818564 1818564 Repairs & maintenance-P 1208055 1208055 Designated grant expend 676624 676624 Misc-Mgmt 410991 410991 Study abroad-Prgm 331796 331796 2116771 1141110 861057 114604 48603460 39257065 8735287 611108 477541 1133604 1261791 885994 2616621 3049450 58183 569162 794893 50374352 20294764 29510791 30079588 12395839 14481569 1533979 1483778 8106920 9377598 56472644 61344657 2614284 2140186 2512479 1979791 8474000 8167000 514036 426452 1861675 2242209 15976474 14955638 X 16774601 17471123 4102661 7807772 19618908 21110124 40496170 46389019 56472644 61344657 X 2479441 3413408 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11387910 117092 2233149 583900 13154251 10221293 45453 1640164 519000 11387910 12706416 268973 -2104096 650000 10221293 0.00370 0.86550 0.13080 1 1 0 1082216 1082216 32296492 8513027 23783465 14664580 11230681 3433899 2331064 551056 1780008 30079588 Beneficial interests in perpetual trusts 9377598 F 9377598 Annuities payable 19357 Refundable advances from federal government 900594 Conditional asset retirement obligation 194436 Interest rate swap agreement 830870 Deferred Rent 296952 2242209 51082901 48603460 2479441 3431894 -18486 3413408 5892849 41722502 3431894 57322 3489216 38233286 12849615 12849615 51082901 35829653 75808 75808 35753845 12849615 12849615 48603460 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. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Explanation of Nondiscriminatory Policy Publication Schedule E, Part I, Line 3 The University'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. 1 Europe (Including Iceland & Greenland) 0 0 Program services Study abroad 154056 0 0 0 154056 0 154056 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 0 0 0 0 0 0 Other Information Schedule F, Part V 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. 0 Scholarships and financial aid 1480 12019225 0 X 0 0 X X X 0 0 0 0 0 0 0 0 0 Dr Harold E Newman 151000 0 0 0 59971 0 19250 0 4387 0 234608 0 0 0 Part I, Line 1a 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. Development Authority of Floyd County 237182908 2007-07-01 9000000 Construction of campus buildings 0 0 0 8884000 116000 8768000 2007 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 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 X 1 750000 FMV 0 0 0 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. Form 990, Part VI, Section B, line 12c The University requires employees to annually disclose any conflicts of interest. Form 990, Part VI, Section B, line 15 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 C, line 18 The University's Form 990 is available upon request. Form 990, Part VI, Section C, line 19 The University's governing documents are available upon request. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized 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. 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 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 Georgia Baptist Convention C 2187258 Georgia Baptist Foundation Inc L 9377598 Georgia Baptist Foundation Inc C 255169