2012-05-15T12:24:16-05:00 2011-06-30 MAULDIN & JENKINS LLC 200 GALLERIA PARKWAY SE SUITE 1700 ATLANTA GA 303395946 990 2010-07-01 580566199 LAGRANGE COLLEGE LAGR 7068808000 601 BROAD STREET LAGRANGE GA 30240 MARTIN E PIRRMAN JR 7068808000 2012-05-15 1 ALEISA HOWELL 7709558600 2010 2016-02-24 21:20:13Z DAN K MCALEXANDER 601 BROAD STREET LAGRANGE GA 30240 32425505 0 X WWW.LAGRANGE.EDU X 1831 GA EDUCATION 34 33 800 200 0 0 3374153 3387200 25903332 24771433 3006862 4265252 136414 1620 32420761 32425505 6413321 6757306 0 0 13295592 13485441 0 0 839125 15858740 14152328 35567653 34395075 -3146892 -1969570 130657286 132068236 34451894 33404239 96205392 98663997 X LAGRANGE COLLEGE CHALLENGES THE MINDS AND INSPIRES THE SOULS OF ITS STUDENTS FOUNDED IN 1831 AND COMMITTED TO ITS RELATIONSHIP WITH THE UNITED METHODIST CHURCH AND ITS WESLEYAN AND LIBERAL ARTS TRADITIONS, THE COLLEGE SUPPORTS STUDENTS IN THEIR SEARCH FOR TRUTH AN ETHICAL AND CARING COMMUNITY VALUING CIVILITY, DIVERSITY, SERVICE AND EXCELLENCE, LAGRANGE COLLEGE PREPARES STUDENTS TO BECOME SUCCESSFUL, RESPONSIBLE CITIZENS WHO ASPIRE TO LIVES OF INTEGRITY AND MORAL COURAGE. 0 0 22627978 6757306 24771433 LAGRANGE COLLEGE OFFERS THE BACHELOR OF ARTS DEGREE WITH SIXTEEN MAJORS, THE BACHELOR OF SCIENCE DEGREE IN SIX AREAS, THE BACHELOR OF MUSIC AND THE BACHELOR OF SCIENCE IN NURSING DEGREE. IN ADDITION, THE MASTER OF ARTS IN TEACHING, AND THE MASTER OF EDUCATION DEGREE IN CURRICULUM AND INSTRUCTION ARE OFFERED. THE EVENING PROGRAM OFFERS AN ASSOCIATE OF ARTS DEGREE IN GENERAL STUDIES. LAGRANGE COLLEGE AT ALBANY OFFERS A DEGREE-COMPLETION PROGRAM IN ORGANIZATION MANAGEMENT, AND A GRADUATE PROGRAM IN ORGANIZATIONAL LEADERSHIP. DURING THE 2010-2011 ACADEMIC YEAR, THERE WERE 834 UNDERGRADUATE AND 150 GRADUATE STUDENTS ENROLLED. OF THAT NUMBER, 477 WERE RESIDENTIAL. DURING ITS SPRING 2011 COMMENCEMENT, THE COLLEGE AWARDED 291 STUDENTS WITH DIPLOMAS. DURING THE YEAR, 285 STUDENTS PARTICIPATED IN NCAA DIVISION III ATHLETIC PROGRAMS. 57% OF THE POPULATION WAS FEMALE, AND 43% WAS MALE. THE COLLEGE IS ACCREDITED BY THE COMMISSION ON COLLEGES OF THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS (SACS), AND ITS REAFFIRMATION VISIT WILL TAKE PLACE IN 2013. 22627978 1 1 0 0 0 0 1 0 1 1 0 0 0 1 0 1 0 1 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 0 0 0 0 1 75 0 1 800 1 0 0 0 0 0 0 0 0 0 1 1 0 X 34 33 0 0 0 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 0 GA X MARTIN PIRRMAN JR 7068808232 601 BROAD STREET LAGRANGE GA 30240 WILLIAM M HODGES 1.00 X X 0 0 0 ROBERT L CARMICHAEL JR 1.00 X X 0 0 0 NANCY K STEVENS 1.00 X X 0 0 0 CINDY AUTRY 1.00 X 0 0 0 QUILLIAN BALDWIN 1.00 X 0 0 0 TED BEASON 1.00 X 0 0 0 KEN BOATWRIGHT 1.00 X 0 0 0 JANET CASWELL 1.00 X 0 0 0 CAROL COOK 1.00 X 0 0 0 MALONE DODSON 1.00 X 0 0 0 NANCY DURAND 1.00 X 0 0 0 WILLIAM FACKLER 1.00 X 0 0 0 JAY GIESLER 1.00 X 0 0 0 SCOTT HAWKINS 1.00 X 0 0 0 DAVID HOBBS 1.00 X 0 0 0 WAYNE HUNTER 1.00 X 0 0 0 JOHN JACKSON 1.00 X 0 0 0 BOB JOHNSON 1.00 X 0 0 0 JARED JONES 1.00 X 0 0 0 JEANNETTE LITTLE 1.00 X 0 0 0 KATHY MCCOLLUM 1.00 X 0 0 0 MARIE MOSHELL 1.00 X 0 0 0 ANDY OWEN 1.00 X 0 0 0 JOE RAGLAND 1.00 X 0 0 0 EDWARD SMITH 1.00 X 0 0 0 RICK STORY 1.00 X 0 0 0 GEORGE WHEELOCK 1.00 X 0 0 0 DEEDEE WILLIAMS 1.00 X 0 0 0 SPEER BURDETTE 1.00 X 0 0 0 ANN BADDING 1.00 X 0 0 0 JIM BRUCE 1.00 X 0 0 0 NINA DULIN-MALLORY 1.00 X 0 0 0 PAT HOLDER 1.00 X 0 0 0 HAROLD LAWRENCE 1.00 X 0 0 0 DAN MCALEXANDER 40.00 X 246555 0 42822 MARTIN PIRRMAN 40.00 X 106233 0 13902 GREG MCCLANAHAN 40.00 X 119274 0 10179 DAVID GARRISON 40.00 X 132675 0 21041 RICHARD PAUL 40.00 X 107195 0 20195 WILLIAM JONES 40.00 X 103654 0 20077 815586 0 128216 6 0 1 0 NATIONAL MANAGEMENT RESOURCES PO BOX 1224 LAGRANGE GA 30241 MAINTENANCE & HOUSEKEEPING SERVICE 1624531 ARAMARK CORPORATION PO BOX 16 BROAD STREET LAGRANGE GA 30240 DINING AND CATERING SERVICES 1229699 NATIONAL CITY COMMERCIAL CAPITAL PO BOX 691355 CINCINNATI OH 452691355 LEASE PAYMENTS HVAC EQUIPMENT 446482 STEPHENS PRINTING 3683 WHITESVILLE ROAD LAGRANGE GA 30240 PRINT AND COPY SERVICES 284273 MERRILL LYNCH 100 GRANDVIEW PLACE BIRMINGHAM AL 35243 INVESTMENT MANAGEMENT FEES 270912 10 3387200 279680 3387200 GROSS TUITION & FEES 611310 19988068 19988068 ROOM AND BOARD 611310 4406869 4406869 CAMPUS BOOKSTORE 451211 165568 165568 AUXILLIARY RENTS 900099 69950 69950 PROGRAM RENTS 900099 57382 57382 83596 83596 24771433 1745915 1745915 2519337 2519337 2519337 2519337 CAMPUS VENDING 900099 1620 1620 1620 32425505 24771433 0 4266872 6757306 6757306 10536802 8084143 2003375 449284 229820 175233 45621 8966 1995258 1779071 128929 87258 723561 552323 140677 30561 115550 115550 371570 371570 416162 199039 186342 30781 296227 75510 125495 95222 865016 559404 246098 59514 4013462 652799 3355005 5658 503223 382522 106999 13702 1074216 1070236 3980 3471190 3471190 284173 88045 196128 FOOD SERVICE 1130199 1130199 0 0 EQUIPMENT 305624 211706 91725 2193 LIBRARY BOOKS & MATERIA 260199 259926 273 STUDENT ACTIVITIES 236577 184788 51043 746 MEALS 171867 109245 43617 19005 637073 356483 244355 36235 34395075 22627978 10927972 839125 4194473 4302415 4366892 3897077 702147 1002142 536655 546051 189045 261366 168420 300629 103734705 35615906 71175821 68118799 41722059 47510432 4987422 3180599 0 2614352 2948726 130657286 132068236 1423078 1405303 262667 205652 29345000 28839846 27482 21286 3393667 2932152 34451894 33404239 X 34740815 33389459 12668827 12275079 48795750 52999459 96205392 98663997 130657286 132068236 X -1969570 4428175 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1449845 X X X X 0 44348776 5019358 8770201 58138335 44628962 205388 53432 539006 44348776 44468791 160171 44628962 0.91000 0.09000 0 0 8355015 8355015 84607802 32084396 52523406 7812265 2962514 4849751 2959623 568996 2390627 68118799 ADVANCES FROM FEDERAL GOVERNMENT 699546 ASSET RETIREMENT OBLIGATIONS 587295 ANNUITIES PAYABLE 133374 LIABILITY FOR INTEREST RATE SWAP 1511937 2932152 32425505 34395075 -1969570 5358424 -1430029 499780 4428175 2458605 31526403 5358424 -6257526 -899102 32425505 0 32425505 27637769 0 27637769 6757306 6757306 34395075 PART III, LINE 4: .LAGRANGE COLLEGE BEGAN ESTABLISHING AN ART COLLECTION IN THE 1960S UNDER THE LEADERSHIP OF PRESIDENT WAIGHTS G HENRY. IT WAS THE BELIEF AT THAT TIME THAT THE SOUTH WAS BEHIND THE REST OF THE COUNTRY IN ITS EXPOSURE TO THE VISUAL ARTS. THE COLLEGE LATER BECAME A BENEFICIARY 0F A COLLECTION OF LAMAR DODD PAINTINGS AND DRAWINGS, WHO LIVED ACROSS THE STREET FROM MR FULLER CALLAWAY. DODD ENJOYED A LONG AND DISTINGUISHED ASS0CIATION WITH THE COLLEGE, AND THE COLLEGE'S ART CENTER WAS NAMED IN HIS HONOR. OVER THE YEARS OTHER COLLECTIONS WERE CONTRIBUTED TO THE COLLEGE THROUGH THE CALLAWAY FOUNDATION AND PRIVATE DONORS, MAKING IT A MAJOR PEDAGOGICAL COLLECTION FOR THE BENEFIT OF OUR STUDENTS. IT IS A TREMENDOUS ASSET FOR AN ART PROGRAM ON THE COLLEGE LEVEL TO PRESENT SUCH DIRECT EXPERIENCE OF THE FINEST IN VISUAL EXPRESSION. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS REPORTED IN AUDITED FINANCIAL STATEMENTS UNDER FIN 48(ASC 740-10). PART XII, LINE 2D - OTHER ADJUSTMENTS: VALUATION GAIN ON INTEREST RATE SWAP AGREEMENT 318,616. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT 25,758. CHANGE IN BENEFICIAL INTERESTS IN PERPETUAL TRUSTS 301,709. RECLASS SCHOLARSHIPS TO EXPENSE -6,757,306. NET CHANGE OF REMAINDER INTEREST TRUSTS -109,747. VALUATION LOSS ON LIFE INSURANCE POLICY -36,556. PART XIII, LINE 4B - OTHER ADJUSTMENTS: RECLASS SCHOLARSHIPS AGAINST REVENUE TO EXPENSE 6,757,306. PART XI LINE 7 PRIOR PERIOD ADJUSTMENTS THE FINANCIAL STATEMENTS WERE ADJUSTED FOR PRIOR YEARS TO REFLECT A CHANGE IN THE VALUATION OF A LIFE INSURANCE POLICY FROM A NPV CALCULATION TO THE CASH SURRENDER VALUE. THIS ADJUSTMENT HAD THE EFFECT OF DECREASING UNRESTRICTED NET ASSETS BY $1,430,029 AT JUNE 30, 2010. THE ADJUSTMENT HAD THE EFFECT OF INCREASING PERMANENTLY RESTRICTED NET ASSETS BY $3,618,016 AND DECREASING UNRESTRICTED AND TEMPORARILY RESTRICTED NET ASSETS BY $2,830,581 AND $787,435, RESPECTIVELY, AT JUNE 30, 2010. 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 COLLEGE PUBLISHES ITS NONDISCRIMINATION P0LICY IN A L0CAL NEWSPAPER AND IN ALL ADVERTISING PROGRAMS AT THE BEGINNING OF EACH SCHOOL QUARTER. EUROPE 0 0 PROGRAM SERVICES STUDY ABROAD CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES STUDY ABROAD 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: LAGRANGE COLLEGE AWARDS BOTH MERIT-BASED (NON-NEED-BASED) AND NEED-BASED AID TO ELIGIBLE STUDENTS. MERIT-BASED AID IS AWARDED BASED ON CRITERIA SUCH AS ACADEMIC EXCELLENCE, LEADERSHIP, AND TALENT. NEED-BASED AID IS AWARDED BASED ON DEMONSTRATED FINANCIAL NEED AS DETERMINED BY FAMILY INCOME AND ASSET INFORMATION REPORTED ON THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA). CONTINUED ELIGIBILITY IS DETERMINED ANNUALLY BY A REVIEW 0F A STUDENT'S COMPLIANCE WITH SATISFACTORY ACADEMIC PROGRESS STANDARDS, GRADE POINT AVERAGE FOR THE CONTINUATION OF MERITBASED AID, AND SUBMISSION OF A RENEWAL FAFSA IN AWARDING 0F NEED-BASED AID. THERE WERE 802 STUDENTS AWARDED INSTITUTIONAL SCHOLARSHIPS AND GRANTS IN 2010-2011. X X 1 1 X X 0 0 0 0 0 0 0 0 0 DAN MCALEXANDER 246555 0 0 0 0 0 8186 0 34636 0 289377 0 0 0 DAVID GARRISON 132675 0 0 0 0 0 4405 0 16636 0 153716 0 0 0 SUPPLEMENTAL INFORMATION PART III FORM 990 SCHEDULE J PART I, LINE 1A DAN MCALEXANDER RECEIVED A PROVISION OF HOUSING AND SOCIAL CLUB MEMBERSHIP. QUINCY BROWN, CHAPLAIN, RECEIVED A PROVISION OF HOUSING THESE BENEFITS SERVE A DOCUMENTED BUSINESS PURPOSE HUTCHINSON TRAYLOR TRUSTEE IS OFFICER INSURANCE 0 X FMV X FMV X 2 279680 FMV THEATRE SUPPLIES FMV 0 1 1 THIRD PARTY USE: PART I, LINE 32B: LAGRANGE COLLEGE USES A REALTOR TO PROCESS REAL ESTATE CONTRIBUTIONS, AND A BROKER TO PROCESS AND SELL SECURITIES FORM 990, PART VI, SECTION B, LINE 11 INDEPENDENT ACCOUNTANTS PREPARED FORM 990. MANAGEMENT REVIEWED THE RETURN PRIOR TO FILING. MANAGEMENT DISTRIBUTED A COPY OF THE 2010 FORM 990 TO THE FINANCE COMMITTEE OF THE BOARD. THE FINANCE COMMITTE CHAIRMAN PRESENTED AND DISCUSSED THE TAX RETURN WITH ALL BOARD MEMBERS AT THE SPRING BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C INDIVIDUALS MUST DISCLOSE IN WRITING ANY POTENTIAL OR ACTUAL KNOWN CONFLICTS OF INTEREST. DISCLOSURE BY MEMBERS OF THE BOARD AND BY THE PRESIDENT SHOULD BE MADE TO THE CHAIRMAN OF THE BOARD. DISCLOSURE BY THE BOARD CHAIRMAN SHOULD BE DIRECTED TO THE EXECUTIVE COMMITTEE OF THE BOARD. DISCLOSURE BY ALL OTHER AFFILIATES OF THE COLLEGE SHOULD BE DIRECTED TO THE VICE PRESIDENT FOR FINANCE OR THE PRESIDENT. DISCLOSURE BY THE VICE PRESIDENT FOR FINANCE SHOULD BE DIRECTED TO THE PRESIDENT. IF THE PERSON RECEIVING THE DISCLOSURE PERCEIVES A CONFLICT MAY EXIST, THAT PERSON SHALL CONVENE A COMMITTEE OF PEERS TO INVESTIGATE THE CONFLICT, MAKE A DECISION AS TO WHETHER OR NOT A CONFLICT EXISTS AND OFFER A DECISION AS TO WHETHER OR NOT CONTINUING IN THE ARRANGEMENT IS IN THE COLLEGE'S BEST INTEREST. FORM 990, PART VI, SECTION B, LINE 15 LAGRANGE COLLEGE'S BOARD OF DIRECTORS DESIGNATED THE EXECUTIVE COMMITTEE TO BE RESPONSIBLE FOR ESTABLISHING COMPENSATION PRACTICES WHICH ARE REASONABLE AND DO NOT VLOLATE THE PRIVATE INUREMENT PROHIBITION. THE PRACTICES AND PROCESSES ARE DESIGNED TO AVOID ANY CLAIM FOR INTERMEDIATE SANCTIONS AND TO SATISFY THE REQUIREMENTS TO OBTAIN THE REBUTIABLE PRESUMPTION. LAGRANGE COLLEGE HAS A FULL-TIME HUMAN RESOURCE DIRECTOR, AND USES COMPARABLE DATA FROM SOURCES LIKE THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION (CUPA) FOR BENCHMARKING EXERCISES IN SETTING MEDIAN SALARY RANGES. FORM 990, PART VI, SECTION C, LINE 19 LAGRANGE COLLEGE DOES NOT MAKE ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, OR ITS CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 5,358,424. PRIOR PERIOD ADJUSTMENTS: -1,430,029. VALUATION GAIN ON INTEREST RATE SWAP AGREEMENT 318,616. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT 25,758. CHANGE IN BENEFICIAL INTERESTS IN PERPETUAL TRUSTS 301,709. NET CHANGE OF REMAINDER INTEREST TRUSTS -109,747. VALUATION LOSS ON LIFE INSURANCE POLICY -36,556. TOTAL TO FORM 990, PART XI, LINE 5: 4,428,175. LAGRANGE COLLEGE SOLICITED AUDITED PROPOSALS THIS YEAR AND AFTER CAREFUL CONSIDERATION THE EXECUTIVE COMMITTEE SELECTED A CANDIDATE. FORM 990 PART XI LINES 27-29 THE FINANCIAL STATEMENTS WERE ADJUSTED FOR PRIOR YEARS TO REFLECT A CHANGE IN THE VALUATION OF A LIFE INSURANCE POLICY FROM A NPV CALCULATION TO THE CASH SURRENDER VALUE. THIS ADJUSTMENT HAD THE EFFECT OF DECREASING PERMANENTLY RESTRICTED NET ASSETS BY $1,430,029 AT JUNE 30, 2010. THE FINANCIAL STATEMENTS HAVE ALSO BEEN ADJUSTED TO RECLASSIFY NET ASSET CLASSIFICATIONS. THE ADJUSTMENT HAD THE EFFECT OF INCREASING PERMANENTLY RESTRICTED NET ASSETS BY $3,618,016 AND DECREASING UNRESTRICTED AND TEMPORARILY RESTRICTED NET ASSETS BY $2,830,581 AND $787,435, RESPECTIVELY, AT JUNE 30, 2010. LAGRANGE COLLEGE POOLED INCOME FUND 1111 BAY AVE 4TH FLOOR COLUMBUS GA 31901 586236269 CHARITABLE TRUST GA LAGRANGE COLLEGE T 1.00000 DOBBS TRUST 100 N MAIN ST 13TH FLOOR WINSTONSALEM NC 27150 586026549 CHARITABLE TRUST NC LAGRANGE COLLEGE T 1.00000 WILSON TRUST 1111 BAY AVE 4TH FLOOR COLUMBUS GA 31901 586236269 CHARITABLE TRUST GA LAGRANGE COLLEGE T 0.90000 CORN ART TRUST 1111 BAY AVE 4TH FLOOR COLUMBUS GA 31901 586156992 CHARITABLE TRUST GA LAGRANGE COLLEGE T 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0