2026-05-11T09:46:09-05:00 2025-06-30 581673613 BENNETT THRASHER LLP 3300 RIVERWOOD PARKWAY 700 ATLANTA GA 30339 990 2024-07-01 580568698 OGLETHORPE UNIVERSITY INC OGLE 4042611441 4484 PEACHTREE ROAD NE ATLANTA GA 30319 PETER D STOBIE SENIOR VP COO CFO 4043648322 2026-05-04 1 1 DARLENE RUTLEDGE P01202473 7703962200 2026-05-04 2024 2025-03-06 01:10:19Z DR KATHRYN MCCLYMOND 4484 PEACHTREE ROAD NE ATLANTA GA 30319 81614240 0 X WWW.OGLETHORPE.EDU X 1835 GA INSTITUTION OF HIGHER EDUCATION 32 31 682 153 -177331 0 2815912 4792729 72107748 74635380 2083181 1294081 23343 604506 77030184 81326696 40751006 41513217 0 0 22816315 22628116 0 0 1441611 16656854 18285619 80224175 82426952 -3193991 -1100256 129042825 129737880 9227108 7525555 119815717 122212325 ATLANTA'S OGLETHORPE UNIVERSITY IS COMMITTED TO TEACHING EXCELLENCE IN AN INCLUSIVE LEARNING ENVIRONMENT. WE PREPARE STUDENTS FOR SUCCESS IN PROFESSIONAL ENDEAVORS AS RESPONSIBLE AND PRODUCTIVE CONTRIBUTORS TO A GLOBAL SOCIETY. 0 0 56318773 41513217 62868699 INSTRUCTION - THE COST OF OFFERING THE ACADEMIC PROGRAMS. 11581987 11032249 STUDENT SERVICES - THE COSTS OF EXTRACURRICULAR AND STUDENT-ORIENTED SERVICES AND PROGRAMS DESIGNED TO ENHANCE THE LEARNING ENVIRONMENT. 2430677 ACADEMIC SUPPORT, THE COSTS OF ACTIVITIES ASSOCIATED WITH THE SUPPORT OF THE CAMPUS AND RESIDENTIAL COMMUNITY. 70331437 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 53 0 1 682 1 1 1 0 0 0 0 0 0 0 0 0 X 32 31 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 GA X PETER D STOBIE SENIOR VP COO CFO 4043648322 4484 PEACHTREE ROAD NE ATLANTA GA 30319 KATHRYN MCCLYMOND PRESIDENT/ 60.00 X X 367494 0 23388 MS JOSELYN BUTLER BAKER TRUSTEE 1.00 X 0 0 0 MS VIRGINIA BENNETT TRUSTEE 1.00 X 0 0 0 MS KRISTEN CAWLEY TRUSTEE 1.00 X 0 0 0 MR TOM CLEMENTS TRUSTEE 1.00 X 0 0 0 MR BRIAN CORNELIUS TRUSTEE 1.00 X 0 0 0 MR CLIFF FOSTER TRUSTEE 1.00 X 0 0 0 MR D AUSTIN GILLIS TRUSTEE 1.00 X 0 0 0 MR CLEVE HILL TRUSTEE 1.00 X 0 0 0 MR GLEN JACKSON TRUSTEE 1.00 X 0 0 0 MR DAVID M LEONARD TRUSTEE 1.00 X 0 0 0 MR JASON LEWIS TRUSTEE 1.00 X 0 0 0 MR J RUSSELL MAGBEE JR TRUSTEE 1.00 X 0 0 0 MR MILFORD MCGUIRT TREASURER 2.00 X X 0 0 0 MS TALIAFERRO MURPHY TRUSTEE 1.00 X 0 0 0 MR CODY L PARTIN SECRETARY 2.00 X X 0 0 0 MR DAVID R PASS TRUSTEE 1.00 X 0 0 0 MS ANITA PATTERSON TRUSTEE 1.00 X 0 0 0 MS S TAMMY PEARSON CHAIR 2.00 X X 0 0 0 MS ANDREA RIVERA TRUSTEE 1.00 X 0 0 0 MR TIMOTHY RANDALL ROBERSON TRUSTEE 1.00 X 0 0 0 MR PETER ROONEY TRUSTEE 1.00 X 0 0 0 MR JOHN SHELLNUT TRUSTEE 1.00 X 0 0 0 MR MIKE SUCO TRUSTEE 1.00 X 0 0 0 MS LAUREN WARNER TRUSTEE 1.00 X 0 0 0 MR JAMES WINESTOCK VICE CHAIR 2.00 X X 0 0 0 STOBIE PETER DAVID SENIOR VP, COO & CFO 40.00 X 286478 0 37199 CRAFT STEPHEN DEAN OF THE HAMMACK BUSINESS SCHOOL 40.00 X 210279 0 14951 RAIMONDO MEREDITH LYNNE VICE PRESIDENT OF STUDENT AFFAIRS 40.00 X 168455 0 25183 THOMPSON TANYA ASSISTANT VICE PRESIDENT & CIO 40.00 X 159669 0 20572 KING MOMON KENDRA A ASSOCIATE PROVOST 40.00 X 158724 0 11299 SANDIDGE REBECCA FORMER VP OF ENROLLMENT MANAGEMENT 40.00 X 182015 0 24766 1533114 0 157358 26 1 1 0 ARAMARK SERVICES PO BOX 978839 DALLAS TX 75397 FOOD SERVICE VENDOR 2596670 MCKENNEY'S INC PO BOX 406340 ATLANTA GA 30384 HVAC SERVICES 270643 ELLUCIAN INC 62578 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 SOFTWARE 269831 P3 PAINTING AND RENOVATIONS INC 5227 PALMERO CT STE A BUFORD GA 30518 PAINTING & REPAIRS SERVICES 249964 FINISHING TOUHES DESIGN & CONSTRUTION 2364 CANDLER ROAD DECATUR GA 30032 REPAIRS SERVICES & CONSTRUCTION 221873 12 4792729 73900 4792729 TUITION AND FEES 611310 62868699 62868699 ROOM AND BOARD 611310 11032249 11032249 AUXILIARY AND FACILITY SERVICES 611310 734432 734432 74635380 130446 130446 1163635 0 1163635 1163635 1163635 110213 287544 -177331 -177331 OTHER REVENUE 611310 644315 644315 SALE OF PRESIDENT'S HOUSE AND EQU 611310 137522 137522 781837 81326696 76580852 -177331 130446 41513217 41513217 639183 458350 147202 33631 20509968 14707446 4723385 1079137 105147 75400 24215 5532 52210 37439 12024 2747 1321608 947709 304362 69537 61661 61661 78750 78750 130984 130984 653183 653183 1691383 225149 1444291 21943 910243 791860 58807 59576 176192 141606 34586 4018972 3230059 788913 FOOD SERVICES 2827683 2782309 34922 10452 PROFESSIONAL & RECRUITM 2750224 995462 1754410 352 OTHER EXPENSES 2404029 1641300 604025 158704 REPAIRS AND MAINTENANCE 2299405 1848038 451367 282910 282910 82426952 70331437 10653904 1441611 906040 2946242 1145574 1623671 1229280 876228 59775 49895 406581 308907 124709459 56059881 73653103 68649578 50755399 54629667 86289 28877 800784 624815 129042825 129737880 1618785 1331607 1553936 1278669 5254281 4078579 800106 836700 9227108 7525555 X 86740280 85962472 33075437 36249853 119815717 122212325 129042825 129737880 -1100256 3496863 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 73900 5922871 X X X X 0 0 51089713 641382 5405650 1851182 55285563 46401807 1145699 5283887 1741680 51089713 41607910 2624573 3792403 1623079 46401807 46190010 934786 -4045158 1471670 41607968 35722360 1548227 10315243 1395820 46190010 0.37160 0.49410 0.13430 1 0 5892739 5892739 97478708 42845192 54633517 0 15307573 13214689 2092883 6030439 6030439 68649578 ADVANCES FROM FEDERAL GOVERNMENT 76866 EARLY RETIREMENT LIABILITIES 208347 ACCRUED VACATION LIABILITIES 409562 OTHER LIABILITIES 141925 836700 X 39813479 0 39813479 41513217 41513217 81326696 40913734 0 40913734 41513217 41513217 82426951 PART III, LINE 4: OGLETHORPE UNIVERSITY MUSEUM OF ART'S (OUMA) PERMANENT COLLECTION CURRENTLY NUMBERS MORE THAN 1,000 WORKS OF ART SPANNING OVER SEVEN CENTURIES. THE COLLECTION BOASTS STRENGTH IN TWO DIVERSE AREAS: JAPANESE PORCELAIN RANGING FROM THE LATE 17TH CENTURY TO THE EARLY 20TH CENTURY, AS WELL AS WORKS ON PAPER AND PAINTINGS FROM THE VARIOUS SCHOOLS OF 19TH AND EARLY 20TH CENTURY FRANCE. NOTABLE ARTISTS IN THIS SECOND AREA OF STRENGTH INCLUDE BOUDIN, RENOIR, PISSARRO, LUCE, SOMM, HUET, GUYS, MAUFRA, DELACROIX, COURBET, AND MATISSE. THE COLLECTION OF NOTABLE AMERICAN ARTISTS INCLUDES WORKS OF ART BY CORNOYER, SAUSSY, WEBB, O'KELLY, AND AUDUBON. THE COLLECTION REFLECTS THE DIVERSITY OF THE CAMPUS AND OU'S COMMITMENT TO THE SAME WITH THE ADDITION OF WORKS OF ART BY BEARDEN, GAY, TAMAYO, TAVERA, AND TOLLIVER. THE COLLECTIONS ARE MAINTAINED FOR ACADEMIC RESEARCH AS WELL AS PUBLIC EXHIBITION AND EDUCATION IN THE FURTHERANCE OF SUPPORT OF THE LIBERAL ARTS MANDATE OF THE UNIVERSITY, COMMUNITY OUTREACH, AND PUBLIC SERVICE. THE WORKS OF ART IN THE PERMANENT COLLECTION HAVE BECOME PART OF OGLETHORPE UNIVERSITY'S ENDOWMENT. AS SUCH, THEY ARE A SIGNIFICANT INVESTMENT AND CULTURAL ASSET AND SUPPORT THE UNIVERSITY'S CURRICULAR GOALS. GOALS OF ACADEMIC SUPPORT ARE FURTHER MET THROUGH THE SKYLIGHT STUDY CENTER. OUMA OFFERS GALLERY ASSISTANT INTERNSHIPS, INDEPENDENT STUDY, CLASSES IN MUSEUM STUDIES AND CURATORIAL STUDIES, AND WORK STUDY OPPORTUNITIES FOR STUDENTS AND ACTIVELY SUPPORTS STUDENT NETWORKING IN THE MUSEUM FIELD. OUMA STAFF COLLABORATIVELY PLAN WITH OU FACULTY TO ALLOW DIRECT COURSE AND EXHIBITION DEVELOPMENT, GIVING STUDENTS AN IMMERSIVE EXPERIENCE THAT IS BOTH SCHOLARLY AND PRACTICAL. OUMA IS A RARE ASSET ON CAMPUS, HELPING THE UNIVERSITY IN FULFILLING ITS GOAL TO PROVIDE A SUPERIOR LIBERAL ARTS EDUCATION. PART V, LINE 4: OGLETHORPE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 140 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. PART X, LINE 2: THE UNIVERSITY QUALIFIES AS A TAX-EXEMPT ORGANIZATION AS DESCRIBED IN INTERNAL REVENUE CODE SECTION 501(C)(3) AND HAS BEEN CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE UNIVERSITY. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE UNIVERSITY'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN THE OPINION OF MANAGEMENT, THE UNIVERSITY HAD NO SIGNIFICANT UNRELATED BUSINESS TAXABLE INCOME DURING THE FIVE-YEAR PERIOD 2020-2025. ACCORDINGLY, NO PROVISION OR BENEFIT FOR FEDERAL AND STATE INCOME TAXES HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE UNIVERSITY BELIEVES THAT IS HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF STUDENT ASSISTANCE TO FUNCTIONAL EXPENSE 41,513,217. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF STUDENT ASSISTANCE TO FUNCTIONAL EXPENSE 41,513,217. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 ACADEMIC SCHOLARSHIPS 1375 41513217 0 PART I, LINE 2: SCHOLARSHIPS ARE A COMBINATION OF MERIT AND NEED-BASED AID. MERIT-BASED SCHOLARSHIPS RECOGNIZE ACADEMIC ACHIEVEMENT AND THE POTENTIAL TO CONTRIBUTE TO CAMPUS LIFE. TYPICALLY, OVER 90% OF UNIVERSITY APPLICANTS QUALIFY FOR SOME MERIT AWARD. ANNUALLY DETERMINED NEED-BASED AWARDS ARE AVAILABLE TO FULL-TIME STUDENTS WHO DEMONSTRATE NEED AS DETERMINED BY THE STUDENT AID APPLICATIONS AND EITHER THE FAFSA OR INTERNATIONAL STUDENT AID APPLICATION. THESE AWARDS ARE GRANTED IN CONJUNCTION WITH FEDERAL, STATE, PRIVATE, OR INSTITUTIONAL ASSISTANCE AND CANNOT EXCEED STUDENTS' FINANCIAL NEEDS. X X 1 1 X X X 1 0 0 0 0 0 0 0 0 KATHRYN MCCLYMOND PRESIDENT/ 367494 0 0 0 0 0 23100 0 288 0 390882 0 0 0 STOBIE PETER DAVID SENIOR VP, COO & CFO 259039 0 27439 0 0 0 19005 0 18194 0 323677 0 0 0 CRAFT STEPHEN DEAN OF THE HAMMACK BUSINESS SCHOOL 210279 0 0 0 0 0 14663 0 288 0 225230 0 0 0 SANDIDGE REBECCA FORMER VP OF ENROLLMENT MANAGEMENT 182015 0 0 0 0 0 13294 0 11472 0 206781 0 0 0 RAIMONDO MEREDITH LYNNE VICE PRESIDENT OF STUDENT AFFAIRS 168455 0 0 0 0 0 12527 0 12656 0 193638 0 0 0 THOMPSON TANYA ASSISTANT VICE PRESIDENT & CIO 159669 0 0 0 0 0 11453 0 9119 0 180241 0 0 0 KING MOMON KENDRA A ASSOCIATE PROVOST 158724 0 0 0 0 0 11106 0 193 0 170023 0 0 0 PART I, LINE 1A THE FORMER PRESIDENT HAD USE OF A UNIVERSITY OWNED RESIDENCE AS A CONDITION OF EMPLOYMENT TO PERFORM HIS DUTIES INTEGRALLY RELATED TO HIS RESPONSIBILITIES. THE CURRENT PRESIDENT DID NOT USE THE UNIVERSITY-OWNED RESIDENCE, AND IT WAS SOLD IN JUNE 2025. X 1 765859 FMV 0 1 1 PART I, LINE 32B: THE ORGANIZATION USES THIRD PARTIES TO SELL NON CASH CONTRIBUTIONS SUCH AS DONATIONS OF STOCK. FORM 990, PART VI, SECTION B, LINE 11B BEFORE FILING FORM 990, A PUBLIC INSPECTION VERSION IS MADE AVAILABLE TO ALL MEMBERS OF THE FISCAL AFFAIRS COMMITTEE TO REVIEW AND APPROVE. THE APPROVED PUBLIC INSPECTION VERSION IS THEN MADE AVAILABLE TO THE FULL BOARD OF TRUSTEES. IN THE FORM 990 PUBLIC INSPECTION VERSION, THE NAMES AND ADDRESSES OF CONTRIBUTORS ARE OMITTED FROM SCHEDULE B; OTHERWISE, IT IS IDENTICAL TO THE FILED VERSION OF FORM 990. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD OF TRUSTEE MEMBERS ARE ASKED TO SIGN A CONFLICT-OF-INTEREST AGREEMENT ANNUALLY. CONFLICTS THAT DO ARISE ARE USUALLY RESOLVED BY ASKING A BOARD MEMBER TO RECUSE FROM VOTING OR SOME OTHER ARRANGEMENT DETERMINED BY THE BOARD CHAIR. FORM 990, PART VI, SECTION B, LINE 15 USING SALARIES FOR COMPARABLE POSITIONS AT SIMILAR INSTITUTIONS AND SUMMARY DATA FROM NACUBO, THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES EVALUATES AND APPROVES THE COMPENSATION FOR THE PRESIDENT (CEO OF THE ORGANIZATION). FORM 990, PART VI, SECTION C, LINE 19 OGLETHORPE UNIVERSITY DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FINANCIAL INFORMATION CAN BE OBTAINED THROUGH THE FORM 990. THE FORM 990 IS AVAILABLE UPON REQUEST AT OGLETHORPE UNIVERSITY.