2023-05-09T12:22:31-05:00 2022-06-30 721396621 CARR RIGGS & INGRAM LLC 4004 SUMMIT BLVD NE SUITE 800 ATLANTA GA 30319 990 2021-07-01 580593414 YOUNG HARRIS COLLEGE YOUN 7063793111 PO BOX 68 YOUNG HARRIS GA 305820068 WADE M BENSON CPA CHIEF FINANCIAL OFFICER 7063793111 2023-05-09 1 WADE BENSON CPA 999009999 TIFFANY T ORR CPA P01559485 7703948000 2023-05-09 0 AAL1 IAL1 2021 2023-04-26 12:10:37Z DR DREW VAN HORN PO BOX 68 YOUNG HARRIS GA 30582 74818725 0 X WWW.YHC.EDU X 1886 GA IN A WORLD OF CONTINUAL CHANGE, YOUNG HARRIS COLLEGE EDUCATES STUDENTS IN THE LIBERAL ARTS AND PROFESSIONAL PROGRAMS, SERVES BOTH THE REGION AND THE WORLD, AND EMPOWERS ITS GRADUATES TO CREATE AND DEFINE SERVICE, SUCCESSES, AND MEANING THROUGHOUT THEIR LIVES. 45 44 541 44 13778 0 5485930 6737681 35931604 35567062 7375127 5745784 -5287 1398 48787374 48051925 19706388 20250740 0 0 13281786 13002519 58166 0 1052146 13558661 14584802 46605001 47838061 2182373 213864 195807623 174026607 25346951 25570946 170460672 148455661 X IN A WORLD OF CONTINUAL CHANGE, YOUNG HARRIS COLLEGE EDUCATES STUDENTS IN THE LIBERAL ARTS AND PROFESSIONAL PROGRAMS, SERVES BOTH THE REGION AND THE WORLD, AND EMPOWERS ITS GRADUATES TO CREATE AND DEFINE SERVICE, SUCCESSES, AND MEANING THROUGHOUT THEIR LIVES. 0 0 8311097 27437313 INSTRUCTIONAL - FUNDS EXPENDED TO EDUCATE STUDENTS THROUGH A COMPREHENSIVE LIBERAL ARTS BACHELOR'S AND MASTER'S DEGREE PROGRAM DELIVERED THROUGH INNOVATIVE ACADEMIC INSTRUCTION. ENROLLMENT IN 2021-2022 INCLUDED APPROXIMATELY 1,613 STUDENTS. ACADEMIC OFFERINGS INCLUDE ACCOUNTING, ART, BIOLOGY, BUSINESS ADMINISTRATION, CHEMISTRY, COMMUNICATION STUDIES, CREATIVE WRITING, ECONOMICS, ELEMENTARY EDUCATION, ENGLISH, ENVIRONMENTAL EDUCATION AND LEADERSHIP, ENVIRONMENTAL SCIENCE, FINANCE, GRAPHIC DESIGN, HISTORY, INTERDISCIPLINARY STUDIES, MANAGEMENT, MARKETING, MATHEMATICS, MUSIC, MUSIC EDUCATION, MUSICAL THEATRE, OUTDOOR STUDIES, PSYCHOLOGY, PUBLIC POLICY, SPANISH, SPORT AND RECREATION STUDIES, THEATRE PERFORMANCE, THEATRICAL DESIGN AND PRODUCTION, AND A MASTERS OF ARTS IN TEACHING. 2717259 ACADEMIC SUPPORT - FUNDS EXPENDED TO PROVIDE FACULTY ADMINISTRATION AND SUPPORT, FACULTY DEVELOPMENT OPPORTUNITIES, CURRICULUM ENRICHMENT AND LIBRARY, STUDENT SUPPORT AND ADVISING, TECHNOLOGY, AND RESEARCH AND PLANNING SERVICES. THESE EXPENDITURES ARE INTEGRAL TO THE OPERATION AND SUPPORT OF QUALITY ACADEMIC PROGRAMS AND THE RETENTION AND EMPOWERMENT OF EXCELLENT FACULTY AND STUDENTS. CURRICULUM AND PROGRAM DEVELOPMENT EXPENSES ARE RECORDED IN THIS CATEGORY. 20250740 20250740 STUDENT FINANCIAL ASSISTANCE - THE COLLEGE IS COMMITTED TO RECRUITING EXCELLENT STUDENTS AND HELPING SECURE THE NECESSARY AND APPROPRIATE RESOURCES TO MEET THE COST OF AN EXCELLENT EDUCATION. THE COMPREHENSIVE STUDENT FINANCIAL ASSISTANCE PROGRAM INCLUDES SCHOLARSHIPS, GRANTS, LOANS, AND PART-TIME CAMPUS EMPLOYMENT. 100% OF THE STUDENTS ENROLLED DURING 2021-2022 RECEIVED SOME FORM OF FINANCIAL ASSISTANCE. 13526502 8129749 STUDENT SERVICES - FUNDS EXPENDED FOR INNOVATIVE PROGRAMS AND SERVICES WHICH CHALLENGE STUDENTS CULTURALLY, ATHLETICALLY AND SPIRITUALLY. THE COLLEGE STRIVES TO RECRUIT AND RETAIN EXCELLENT STUDENTS AND EMPOWER THEM TO REACH THEIR FULL POTENTIAL. THESE EXPENDITURES PROVIDE SUPPORT FOR EXTRACURRICULAR ACTIVITIES AND STUDENT RELATED SERVICES AT THE COLLEGE WHICH ARE ESSENTIAL TO THE STUDENTS' WELL BEING AND CONTRIBUTE TO THE QUALITY OF LIFE OUTSIDE THE FORMAL ACADEMIC PROGRAMS. ALSO, EXPENDITURES FOR STUDENT INVOLVEMENT IN PROJECTS THAT IMPACT THE LOCAL COMMUNITY ARE INCLUDED.EXPENSES $ 6,829,884. INCLUDING GRANTS OF $ 0. REVENUE $ 220,963.AUXILIARY SERVICES - FUNDS EXPENDED FOR MEAL SERVICES, TEXTBOOKS, AND THE OPERATION, REPAIR AND MAINTENANCE OF THE COLLEGE'S RESIDENCE HALLS, CAMPUS CENTER AND DINING HALL, AND RECREATION FACILITY.EXPENSES $ 6,696,618. INCLUDING GRANTS OF $ 0. REVENUE $ 7,908,786. 13526502 8129749 44805598 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 1 0 1 0 1 0 1 0 0 0 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 1 0 0 1 53 0 1 541 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 45 44 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 1 0 GA X X WADE BENSON CPA 7063793111 PO BOX 68 YOUNG HARRIS GA 305820068 DR DREW L VAN HORN PRESIDENT/EX-OFFICIO TRUSTEE 40.00 X X 258292 0 18943 KURT T MOMAND BOARD CHAIR/EXECUTIVE COMMITTEE CHAIR 1.00 X X 0 0 0 WILLIAM A JOHNSTON VICE BOARD CHAIR/ENDOWMENT COMMITTEE CHAIR 1.00 X X 0 0 0 MARGARET R BUKER SECRETARY/STUDENT AFFAIRS COMMITTEE CHAIR 1.00 X X 0 0 0 WILLIAM F EASTERLIN III FINANCE COMMITTEE CHAIR 1.00 X 0 0 0 JULIE D SALISBURY ENROLLMENT MANAGEMENT COMMITTEE CHAIR 1.00 X 0 0 0 JONATHAN F ANDERSON PROPERTIES COMMITTEE CHAIR 1.00 X 0 0 0 CAROL A CHASTAIN ACADEMIC AFFAIRS COMMITTEE CHAIR 1.00 X 0 0 0 JERRY W NIX TRUSTEESHIP, GOVERNANCE, AND COMPENSATION COMMITTE 1.00 X 0 0 0 RAY P LAMBERT JR DEVELOPMENT COMMITTEE CHAIR 1.00 X 0 0 0 MATTHEW P ANDERSON TRUSTEE 0.50 X 0 0 0 M BRANTLEY BARROW TRUSTEE 0.50 X 0 0 0 MARY S BROADRICK TRUSTEE 0.50 X 0 0 0 DAVE BROWN TRUSTEE 0.50 X 0 0 0 THE HONORABLE EARL L CARTER TRUSTEE 0.50 X 0 0 0 JULIA WEBB DAVIS TRUSTEE 0.50 X 0 0 0 RENE M DIAZ TRUSTEE 0.50 X 0 0 0 DR JAMES F ELLISON TRUSTEE 0.50 X 0 0 0 MEAGHAN DERRICK FINE TRUSTEE 0.50 X 0 0 0 ALVIN GIBSON TRUSTEE 0.50 X 0 0 0 DEREK B GOSHAY TRUSTEE 0.50 X 0 0 0 REV D THAD HAYGOOD TRUSTEE 0.50 X 0 0 0 RON W HINSON TRUSTEE 0.50 X 0 0 0 GERALD W HUDGINS TRUSTEE 0.50 X 0 0 0 JAMES T JOHNSTON JR TRUSTEE 0.50 X 0 0 0 WILLIAM B JONES TRUSTEE 0.50 X 0 0 0 MARTHA J LOGAN TRUSTEE 0.50 X 0 0 0 TED MCMULLAN TRUSTEE 0.50 X 0 0 0 THE HONORABLE MURPHY C MILLER TRUSTEE 0.50 X 0 0 0 JASON NORTON TRUSTEE 0.50 X 0 0 0 LOULIE TARBUTTON REESE TRUSTEE 0.50 X 0 0 0 PAM R ROLLINS TRUSTEE 0.50 X 0 0 0 BRANDON S SHERMAN TRUSTEE 0.50 X 0 0 0 JIMMY C TALLENT TRUSTEE 0.50 X 0 0 0 CHRIS WADLE TRUSTEE 0.50 X 0 0 0 MICHELE T WHITE TRUSTEE 0.50 X 0 0 0 MARIAN B WILBANKS TRUSTEE 0.50 X 0 0 0 DR BARBARA M WILLIFORD TRUSTEE 0.50 X 0 0 0 KIRK S WIMBERLY III TRUSTEE 0.50 X 0 0 0 THE HONORABLE CHARLES S WYNNE TRUSTEE 0.50 X 0 0 0 GUERIN E BROWN EX-OFFICIO TRUSTEE 0.50 X 0 0 0 JANE H ROBERTS EX-OFFICIO TRUSTEE 0.50 X 0 0 0 BISHOP SUE HAUPERT-JOHNSON EX-OFFICIO TRUSTEE 0.50 X 0 0 0 REV MICHAEL MCCORD EX-OFFICIO TRUSTEE 0.50 X 0 0 0 REV DR P ALICE ROGERS EX-OFFICIO TRUSTEE 0.50 X 0 0 0 WADE M BENSON CHIEF FINANCIAL OFFICER/CONTROLLER/TREASURER 40.00 X 114374 0 16301 DR JASON PIERCE PROVOST/VP OF ACADEMIC AFFAIRS 40.00 X 155020 0 15542 DR KEITH A DEFOOR ASSOCIATE VP OF ACADEMIC AFFAIRS 40.00 X 104561 0 14847 DR CHRISTOPHER TODD JONES DEAN OF PROFESSIONAL STUDIES 40.00 X 115548 0 42191 DANIEL B WRIGHT CHIEF OPERATING OFFICER 40.00 X 103754 0 12845 851549 0 120669 6 0 1 0 SODEXO INC PO BOX 360170 PITTSBURGH PA 15251 FOOD AND PHYSICAL PLANT SERVICES 4137060 FOLLETT 3146 SOLUTIONS CENTER CHICAGO IL 60677 BOOKSTORE OPERATIONS 551041 EAB INC PO BOX 603519 CHARLOTTE NC 28260 ENROLLMENT CONSULTANTS 388464 CUSTOM HOME PAINTING 712 BEAR RUN ROAD HIAWASSEE GA 30546 PAINTING 162700 WARREN AVERETT 2500 ACTON ROAD BIRMINGHAM AL 35243 CPAS AND ADVISORS 111505 5 74910 4057202 2605569 90252 6737681 TUITION & FEES 611710 27437313 27437313 AUXILIARY SERVICES 611710 7908786 7908786 STUDENT SUPPORT 611710 220963 220963 35567062 3399563 3399563 29079664 26733443 2346221 2346221 2346221 20977 74910 33357 -12380 -12380 INCOME (LOSS) FROM PAR 523000 14178 14178 INCOME (LOSS) FROM REC 713940 -400 -400 13778 48051925 35567062 13778 5733404 18589695 18589695 1661045 1661045 457505 185281 272224 10024210 8806403 738574 479233 381666 324486 38791 18389 1437253 1175701 158146 103406 701885 615327 51912 34646 5849 5849 105395 105395 806326 702961 95960 7405 323200 163116 21952 138132 4222458 4124409 43100 54949 1872401 1871443 881 77 801972 729649 46264 26059 872230 839123 26673 6434 1916821 1832851 69796 14174 440458 297934 142524 STUDENT MEALS 2118727 2085337 9799 23591 OTHER EXPENSE 578632 483657 90425 4550 DUE AND SUBSCRIPTIONS 244911 167081 55870 21960 PROGRAMS AND PROMOTIONS 192670 128399 64271 82752 21700 6182 54870 47838061 44805598 1980317 1052146 1611998 2076321 439336 121135 51594 1387851 124730 81655 -39133 105212766 47395902 59141679 57816864 42999460 36291062 90038754 74702438 1439205 1270114 0 279167 195807623 174026607 1137877 1481964 814866 835141 23083845 22731833 310363 522008 25346951 25570946 X 57646338 54328941 112814334 94126720 170460672 148455661 195807623 174026607 X 213864 -7072753 -15146122 X 0 1 X 1 1 1 X 8873370 3341222 11925502 5485930 6737681 36363705 8873370 3341222 11925502 5485930 6737681 36363705 10546351 25817354 3394053 3467888 3179307 3248442 3399563 16689253 10940 13778 24718 53077676 0.48640 0.45200 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 56033742 337028 -4417639 2931453 49021678 48194190 465582 11001511 3627541 56033742 45328330 4601315 343666 2079121 48194190 45094844 1929460 590502 2286476 45328330 39219050 5444039 2896848 2465093 45094844 0.43325 0.56675 0.00000 1 0 3633411 3633411 73127670 20508244 52619426 8487852 7298603 1189249 19963833 19589055 374778 57816864 FLEXIBLE CAPITAL 9679272 F BENEFICIAL INTEREST IN PERPETUAL TRUST 59783992 F BENEFICIAL INTEREST IN REMAINDER TRUST 2521157 F INVESTMENTS HELD IN TRUST FOR OTHERS 2718017 F 74702438 DUE TO BENEFICIARIES 240615 OPERATING LEASE LIABILITIES 281393 522008 X 6940033 -7072753 54000 -15139868 -22158621 29098654 18953271 18953271 48051925 28945044 54000 6254 60254 28884790 18953271 18953271 47838061 PART V, LINE 4: THE ENDOWMENT FUNDS ARE USED FOR SCHOLARSHIPS, ACADEMIC CHAIRS, LIBRARY, PUBLIC PROGRAMS, MAINTENANCE, LONG-TERM FACILITY REPAIRS AND REPLACEMENT, AND OTHER. PART X, LINE 2: THE COLLEGE IS RECOGNIZED AS AN ORGANIZATION WHICH IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE IRC) WHEREBY ONLY UNRELATED BUSINESS INCOME, AS DEFINED BY SECTION 512(A)(1) OF THE IRC, IS SUBJECT TO FEDERAL INCOME TAX. AS A SINGLE-MEMBER LIMITED LIABILITY COMPANY, YOUNG HARRIS COLLEGE REAL ESTATE, LLC IS TREATED AS A "DISREGARDED ENTITY" FOR INCOME TAX PURPOSES. THEREFORE, YOUNG HARRIS COLLEGE REAL ESTATE, LLC'S FINANCIAL ACTIVITY IS REPORTED IN CONJUNCTION WITH THE FEDERAL INCOME TAX FILINGS OF YOUNG HARRIS COLLEGE. ENOTAH PROPERTIES FOUNDATION, INC. IS RECOGNIZED AS AN ORGANIZATION WHICH IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE IRC WHEREBY ONLY UNRELATED BUSINESS INCOME, AS DEFINED BY SECTION 512(A)(1) OF THE IRC, IS SUBJECT TO FEDERAL INCOME TAX. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -15,139,868. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND FINANCIAL ASSISTANCE 18,953,271. PART XII, LINE 2D - OTHER ADJUSTMENTS: DISTRIBUTION TO BENEFICIARIES 6,254. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND FINANCIAL ASSISTANCE 18,953,271. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE COLLEGE PUBLISHES AND UPHOLDS THE FOLLOWING POLICY: "YOUNG HARRIS COLLEGE DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, RELIGION, SEX (INCLUDING SEXUAL HARASSMENT), SEXUAL ORIENTATION, ETHNIC OR NATIONAL ORIGIN, RELIGION, AGE, DISABLED STATUS, OR STATUS AS A DISABLED VETERAN OR VETERAN OF THE VIETNAM ERA AND ANY OTHER BASIS PROTECTED BY FEDERAL, STATE, OR LOCAL LAWS IN THE ADMINISTRATION OF ITS SCHOLARSHIP AND LOAN PROGRAMS, ADMISSIONS, ATHLETIC, OR OTHER COLLEGE ADMINISTERED PROGRAMS." ALL MEMBERS OF THE COLLEGE COMMUNITY ARE EXPECTED AND OBLIGATED TO UPHOLD THIS POLICY. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES AID FROM GOVERNMENTAL AGENCIES TO SUPPORT ITS STUDENT FINANCIAL AID PROGRAMS. 1 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS 10028 0 0 0 0 0 0 10028 0 10028 FINANCIAL ASSISTANCE EUROPE (INCLUDING ICELAND & GREENLAND) 43 1129396 CREDIT TO BURSAR ACCOUNT FINANCIAL ASSISTANCE SUB-SAHARAN AFRICA 2 50167 CREDIT TO BURSAR ACCOUNT FINANCIAL ASSISTANCE MIDDLE EAST AND NORTH AFRICA 2 80393 CREDIT TO BURSAR ACCOUNT FINANCIAL ASSISTANCE EAST ASIA AND THE PACIFIC 4 109750 CREDIT TO BURSAR ACCOUNT FINANCIAL ASSISTANCE CENTRAL AMERICA AND THE CARIBBEAN 3 94391 CREDIT TO BURSAR ACCOUNT FINANCIAL ASSISTANCE SOUTH AMERICA 4 72448 CREDIT TO BURSAR ACCOUNT FINANCIAL ASSISTANCE NORTH AMERICA 5 124500 CREDIT TO BURSAR ACCOUNT 0 0 0 0 0 0 PART I, LINE 2: FINANCIAL AID IS CREDITED DIRECTLY TO STUDENTS' ACCOUNTS THROUGH THE BUSINESS OFFICE. FOREIGN PROGRAM SERVICES ARE REPORTED UPON ACTUAL EXPENDITURES IN THE REGION. PART III ACCOUNTING METHOD: CLAY DOTSON OPEN GOLF TOURNAMENTS 95887 74910 20977 3517 10974 18866 95887 74910 20977 3517 10974 18866 33357 -12380 1 FEDERAL AND INSTITUTIONAL FSEOG 71 83440 HEERF STUDENT GRANTS 646 1297469 INSTITUTIONAL GRANTS 168 381763 INSTITUTIONAL SCHOLARSHIPS 855 16827023 PART I, LINE 2: STUDENT ELIGIBILITY, SELECTION CRITERIA, AND FINANCIAL AID AWARD PACKAGES ARE ADMINISTERED BY THE FINANCIAL AID DEPARTMENT. RECORDS ARE MAINTAINED ON EACH STUDENT. THE DEPARTMENT FOLLOWS AND ADHERES TO ALL FEDERAL AND STATE REGULATIONS. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 DR DREW L VAN HORN PRESIDENT/EX-OFFICIO TRUSTEE 258292 0 0 0 0 0 9600 0 9343 0 277235 0 0 0 DR JASON PIERCE PROVOST/VP OF ACADEMIC AFFAIRS 155020 0 0 0 0 0 6480 0 9062 0 170562 0 0 0 DR CHRISTOPHER TODD JONES DEAN OF PROFESSIONAL STUDIES 115548 0 0 0 0 0 3296 0 38895 0 157739 0 0 0 PART I, LINE 1A THE PRESIDENT OF THE COLLEGE IS PROVIDED WITH A RESIDENCE ON ITS CAMPUS AS A CONDITION OF EMPLOYMENT TO PERFORM RESPONSIBILITIES INTEGRALLY RELATED TO HIS RESPONSIBILITIES. ACCORDINGLY, THE VALUE OF THIS HOUSING IS NOT INCLUDED IN TAXABLE COMPENSATION. UNITED COMMUNITY BANK INC BANK OFFICERS AND BOARD INCLUDE ONE TRUSTEE. THE COLLEGE HAS SEVERAL CASH ACCOUNTS WITH THIS LOCAL AREA BANK WHICH ALSO HAS EXTENDED A REVOLVING LOAN TO THE COLLEGE. THE CHIEF COMPLIANCE OFFICER (CCO) OF THIS BANK IS A MEMBER OF THE COLLEGE'S BOARD. THE BOARD MEMBER WAS NOT INVOLVED IN THE DECISION TO SELECT THIS BANK AS SERVICE PROVIDER TO THE COLLEGE. THE REVOLVING LOAN WAS CLOSED ON JUNE 16, 2021. 0 X 11 72939 LISTED EXCHANGE VALUE X SUPPLIES 10 8813 ESTIMATED FMV X EQUIPMENT/FURNITURE 4 8500 ESTIMATED FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 16B: THE COLLEGE'S EQUITY INTEREST IN ANY JOINT VENTURE IS SO SMALL AND IN THE NATURE OF AN INVESTMENT INTEREST, RATHER THAN AS AN ACTIVE PARTICIPANT IN THE ACTIVITIES OF ANY VENTURE. AS SUCH, IT IS NOT NECESSARY TO HAVE INITIATION AND VETO POWERS. THESE INVESTMENTS ARE PERMITTED UNDER THE PROVISIONS OF THE COLLEGE'S INVESTMENT POLICY AND EVALUATED ON A CASE-BY-CASE BASIS WITH CONSIDERATION OF THE PROTECTION OF THE COLLEGE'S TAX-EXEMPT STATUS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS SENT ELECTRONICALLY OR BY DIRECT MAIL TO ALL VOTING TRUSTEES FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REVIEWS AND MONITORS ANY POSSIBLE CONFLICTS THAT ARE LISTED ON THE ANNUAL REQUIRED DISCLOSURES FILED BY THE OFFICERS, DIRECTORS AND EMPLOYEES. CONFLICTS REPORTED OR DISCOVERED DURING THE YEAR ARE ENFORCED BASED ON THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE TRUSTEESHIP, GOVERNANCE, & COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS AND APPROVES THE PRESIDENT'S COMPENSATION. THE VICE PRESIDENT'S COMPENSATION IS REVIEWED AND APPROVED BY THE PRESIDENT. DOCUMENTATION IS MAINTAINED IN EMPLOYEE FILES AND PAYROLL SYSTEM, STUDIES ARE CONDUCTED USING INDEPENDENT DATA RELEVANT TO THE SOUTHEASTERN REGION, COMPENSATION ARRANGEMENTS ARE REVIEWED BY FACULTY CHAIRS, DEPARTMENT HEADS, HR DIRECTOR, PAYROLL COORDINATOR, CFO, AND PRESIDENT IF NECESSARY. FORM 990, PART VI, SECTION C, LINE 18 THE COLLEGE'S FORM 990 IS AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -15,139,868. DISTRIBUTION TO BENEFICIARIES -6,254. ENOTAH PROPERTIES FOUNDATION INC 1 COLLEGE ST YOUNG HARRIS GA 305820068 810811529 COLLEGE FACILITIES (ROLLINS CAMPUS CENTER) GA 501(C)(3) LINE 12B, II YOUNG HARRIS COLLEGE 1 YOUNG HARRIS COLLEGE REAL ESTATE LLC 1 COLLEGE ST YOUNG HARRIS GA 305820068 474423681 COLLEGE FACILITIES (ROLLINS CAMPUS CENTER) GA YOUNG HARRIS COLLEGE RELATED 60929 38132297 0 1 0.99940 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 YOUNG HARRIS COLLEGE REAL ESTATE LLC K 1773228 FMV PARTS II, III, V, RELATED ORGANIZATIONS - ROLLINS CAMPUS CENTER DURING FYE 6/30/2016, THE COLLEGE SOLD, AND LEASED BACK, THE ROLLINS CAMPUS CENTER TO A NEWLY FORMED PARTNERSHIP, YOUNG HARRIS COLLEGE REAL ESTATE, LLC ("YHC REAL ESTATE"). THE MEMBERS OF YHC REAL ESTATE ARE THE COLLEGE (99.947368%) AND ENOTAH PROPERTIES FOUNDATION, INC. ("ENOTAH", .052632%). ENOTAH IS A SECTION 509(A)(3)(A) TYPE I SUPPORTING ORGANIZATION OF THE COLLEGE. ALL OF THESE ENTITIES ARE INCLUDED IN THE CONSOLIDATED, INDEPENDENT AUDITED FINANCIAL STATEMENTS OF THE COLLEGE. THIS STRUCTURE WAS CREATED SOLELY TO SATISFY FINANCING REQUIREMENTS FOR THE ROLLINS CAMPUS CENTER AND DOES NOT AFFECT THE USE OR ECONOMICS OF THE ROLLINS CAMPUS CENTER FOR THE COLLEGE. FURTHER, THERE ARE NO "SPECIFIED PAYMENTS" BY ANY CONTROLLED ENTITY THAT REDUCE THE UNRELATED INCOME OR INCREASE THE UNRELATED LOSS OF THESE ORGANIZATIONS. THE ROLLINS CAMPUS CENTER HOUSES THE STUDENT CENTER, LIBRARY, DINING HALL AND BANQUET HALL AND RELATED AMENITIES FOR THE COLLEGE.