2025-05-07T14:46:45-05:00 2024-06-30 581673613 BENNETT THRASHER LLP 3300 RIVERWOOD PARKWAY 700 ATLANTA GA 30339 990 2023-07-01 580568698 OGLETHORPE UNIVERSITY INC OGLE 4042611441 4484 PEACHTREE ROAD NE ATLANTA GA 30319 PETER D STOBIE SENIOR VP COO CFO 4043648322 2025-05-06 1 1 DARLENE RUTLEDGE P01202473 7703962200 2025-05-06 2023 2025-03-06 01:10:19Z DR KATHRYN MCCLYMOND 4484 PEACHTREE ROAD NE ATLANTA GA 30319 77259723 0 X WWW.OGLETHORPE.EDU X 1835 GA INSTITUTION OF HIGHER EDUCATION 34 33 710 175 -118998 0 5191684 2815912 73176096 72107748 500197 2083181 768705 23343 79636682 77030184 39982784 40751006 0 0 21967240 22816315 0 0 1533055 17794523 16656854 79744547 80224175 -107865 -3193991 129925400 129042825 10396382 9227108 119529018 119815717 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 54415483 40751006 62019555 INSTRUCTION - THE COST OF OFFERING THE ACADEMIC PROGRAMS. 11880623 10088193 STUDENT SERVICES - THE COSTS OF EXTRACURRICULAR AND STUDENT-ORIENTED SERVICES AND PROGRAMS DESIGNED TO ENHANCE THE LEARNING ENVIRONMENT. 2309169 ACADEMIC SUPPORT, THE COSTS OF ACTIVITIES ASSOCIATED WITH THE SUPPORT OF THE CAMPUS AND RESIDENTIAL COMMUNITY. 68605275 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 57 0 1 710 1 1 1 0 0 0 0 0 0 0 0 0 X 34 33 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/EX-OFFICIO 60.00 X X 281928 0 19936 JOSELYN BUTLER BAKER SECRETARY 2.00 X X 0 0 0 MS VIRGINIA BENNETT TRUSTEE 1.00 X 0 0 0 CAMERON M BREADY TRUSTEE 1.00 X 0 0 0 MR DENIS J DUNCAN 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 H THEODORE HEINTZ JR 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 MILFORD MCGUIRT TREASURER 2.00 X X 0 0 0 MS TALIAFERRO MURPHY TRUSTEE 1.00 X 0 0 0 MR CODY L PARTIN TRUSTEE 1.00 X 0 0 0 MR DAVID R PASS TRUSTEE 1.00 X 0 0 0 MS S TAMMY PEARSON CHAIR 2.00 X 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 DR WILLIAM O SHROPSHIRE TRUSTEE 1.00 X 0 0 0 MR CHAD SMITH TRUSTEE 1.00 X 0 0 0 MR MIKE SUCO TRUSTEE 1.00 X 0 0 0 MR TIMOTHY TASSOPOLOUS TRUSTEE 1.00 X 0 0 0 MR NEIL TOFSKY 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 PETER DAVID STOBIE SENIOR VP COO CFO 40.00 X 291562 0 35146 STEPHEN CRAFT DEAN OF THE HAMMACK BUSINESS SCHOOL 40.00 X 205954 0 14650 MEREDITH LYNNE RAIMONDO VICE PRESIDENT OF STUDENT AFFAIRS 40.00 X 162944 0 23002 REGINA MINCBERG BENNETT GENERAL COUNSEL & CHIEF OF STAFF 40.00 X 164264 0 12903 KENDRA A KING MOMON ASSOCIATE PROVOST 40.00 X 162614 0 11580 NICHOLAS LADANY EX-PRESIDENT/EX-OFFICIO 40.00 X 236866 0 0 REBECCA SANDIDGE VP OF ENROLLMENT MANAGEMENT 40.00 X 198154 0 25032 1704286 0 142249 25 1 1 0 ARAMARK SERVICES PO BOX 978839 DALLAS TX 75397 FOOD SERVICE VENDOR 3006168 MCKENNEY'S INC PO BOX 406340 ATLANTA GA 30384 HVAC SERVICES 1070360 P3 PAINTING AND RENOVATIONS INC 5227 PALMERO CT STE A BUFORD GA 30518 PAINTING & REPAIRS SERVICES 314390 EPIC LLC 3045 CHASTAIN MEADOWS PARKWAY SUIT MARIETTA GA 30066 REPAIRS SERVICES & CONSTRUCTION 299912 ELLUCIAN INC 62578 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 SOFTWARE 254881 22 2815912 25500 2815912 TUITION AND FEES 611310 62019555 62019555 ROOM AND BOARD 611310 10088193 10088193 72107748 106986 106986 1976195 0 1976195 1976195 1976195 110541 229539 -118998 -118998 OTHER REVENUE 611310 142341 142341 142341 77030184 74226284 -118998 106986 40751006 40751006 489331 351144 112350 25837 20838641 14953809 4784552 1100280 89880 64498 20636 4746 52369 37580 12025 2764 1346094 965957 309063 71074 74550 74550 132271 132271 538060 538060 1766298 299948 1414962 51388 826926 763364 50685 12877 196446 157884 38562 4161039 3344239 816800 FOOD SERVICES 2634019 2625209 3464 5346 PROFESSIONAL & RECRUITM 2275025 1171366 1071234 32425 OTHER EXPENSES 2235409 1073371 935720 226318 REPAIRS AND MAINTENANCE 1573995 1265024 308971 0 242816 242816 80224175 68605275 10085845 1533055 1975508 906040 2750843 1145574 1281372 1229280 56472 59775 324952 406581 125831893 52178790 75797491 73653103 46106563 50755399 198225 86289 1433974 800784 129925400 129042825 1647020 1618785 1359780 1553936 6394346 5254281 995236 800106 10396382 9227108 X 88364817 86740280 31164201 33075437 119529018 119815717 129925400 129042825 -3193991 3480690 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 25500 5838971 X X X X 0 0 46401807 1145699 5283887 1741680 51089713 41607910 2624573 3792403 1623079 46401807 46190010 934786 -4045158 1471670 41607968 35722360 1548227 10315243 1395820 46190010 33645036 974375 2489452 1386503 35722360 0.37650 0.52210 0.10140 1 0 5910259 5910259 98911109 39667243 59243866 0 15171554 12511547 2660007 5838971 5838971 73653103 ADVANCES FROM FEDERAL GOVERNMENT 88142 EARLY RETIREMENT LIABILITIES 196407 ACCRUED VACATION LIABILITIES 373825 OTHER LIABILITIES 141732 800106 X 36279178 0 36279178 40751006 40751006 77030184 39473169 0 39473169 40751006 40751006 80224175 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 PARTICULAR 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 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 FULFULLING ITS GOAL TO PROVIDE A SUPERIOR LIBERAL ARTS EDUCATION. PART V, LINE 4: OGLETHORPE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 133 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 2023, 2022, 2021, 2020, AND 2019. 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 40,751,006. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF STUDENT ASSISTANCE TO FUNCTIONAL EXPENSE 40,751,006. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 ACADEMIC SCHOLARSHIPS 1478 40751006 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 80% 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 PETER DAVID STOBIE SENIOR VP COO CFO 259654 0 31908 0 0 0 18831 0 16315 0 326708 0 0 0 KATHRYN MCCLYMOND PRESIDENT/EX-OFFICIO 281928 0 0 0 0 0 19648 0 288 0 301864 0 0 0 NICHOLAS LADANY EX-PRESIDENT/EX-OFFICIO 207666 0 29200 0 0 0 0 0 0 0 236866 0 0 0 REBECCA SANDIDGE VP OF ENROLLMENT MANAGEMENT 193210 0 4944 0 0 0 14000 0 11032 0 223186 0 0 0 STEPHEN CRAFT DEAN OF THE HAMMACK BUSINESS SCHOOL 205954 0 0 0 0 0 14362 0 288 0 220604 0 0 0 MEREDITH LYNNE RAIMONDO VICE PRESIDENT OF STUDENT AFFAIRS 157526 0 5418 0 0 0 11653 0 11349 0 185946 0 0 0 REGINA MINCBERG BENNETT GENERAL COUNSEL & CHIEF OF STAFF 158846 0 5418 0 0 0 0 0 12903 0 177167 0 0 0 KENDRA A KING MOMON ASSOCIATE PROVOST 157196 0 5418 0 0 0 11387 0 193 0 174194 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 WILL NOT USE THE UNIVERSITY OWNED RESIDENCE. X 1 138396 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 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 ANY OF THESE DOCUMENTS PUBLIC. THE FINANCIAL INFORMATION CAN BE OBTAINED THROUGH THE FORM 990. THE FORM 990 IS AVAILABLE UPON REQUEST AT OGLETHORPE UNIVERSITY.