2021-04-22T14:15:13-05:00 2020-06-30 454084437 WARREN AVERETT LLC SIX CONCOURSE PARKWAY SUITE 600 ATLANTA GA 30328 990 2019-07-01 580593414 YOUNG HARRIS COLLEGE YOUN 7063793111 PO BOX 68 YOUNG HARRIS GA 305820068 WADE M BENSON CPA CHIEF FINANCIAL OFFICER 7063793111 2021-04-22 1 ADAM REPASY P01689756 7703961100 2021-04-22 2019 2022-09-23 18:48:47Z DR DREW VAN HORN PO BOX 68 YOUNG HARRIS GA 305820068 60225872 0 X WWW.YHC.EDU X 1886 GA YOUNG HARRIS COLLEGE EDUCATES, INSPIRES, AND EMPOWERS STUDENTS THROUGH A COMPREHENSIVE LIBERAL ARTS EXPERIENCE THAT INTEGRATES MIND, BODY, AND SPIRIT. 46 42 651 49 -6957 -6957 3341222 11925502 37674247 33175748 3052193 2665861 -44801 -6957 44022861 47760154 19576746 18897384 0 0 14976186 13460255 0 18914 996155 15411229 13346790 49964161 45723343 -5941300 2036811 172640549 174387873 29702982 29274011 142937567 145113862 X YOUNG HARRIS COLLEGE EDUCATES, INSPIRES, AND EMPOWERS STUDENTS THROUGH A COMPREHENSIVE LIBERAL ARTS EXPERIENCE THAT INTEGRATES MIND, BODY, AND SPIRIT. 0 0 8593190 27321111 INSTRUCTIONAL: FUNDS EXPENDED TO EDUCATE STUDENTS THROUGH A COMPREHENSIVE LIBERAL ARTS BACHELOR'S DEGREE PROGRAM DELIVERED THROUGH INNOVATIVE ACADEMIC INSTRUCTION. ENROLLMENT IN 2019-2020 INCLUDED APPROXIMATELY 1,447 STUDENTS. ACADEMIC OFFERINGS INCLUDE ACCOUNTING, ART, BIOLOGY, BUSINESS ADMINISTRATION, CHEMISTRY, COMMUNICATIONS STUDIES, CREATIVE WRITING, ECONOMICS, EDUCATION (EARLY CHILDHOOD), EDUCATION (MIDDLE GRADES), ENGLISH, ENVIRONMENTAL EDUCATION AND LEADERSHIP, ENVIRONMENTAL SCIENCE, FINANCE, GRAPHIC DESIGN, HISTORY, INTERDISCIPLINARY STUDIES, MANAGEMENT, MARKETING, MUSIC EDUCATION WITH INSTRUMENTAL EMPHASIS, 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. 2547487 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. 18897384 18897384 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 2019-2020 RECEIVED SOME FORM OF FINANCIAL ASSISTANCE. 6300437 234550 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' WELLBEING 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. 6156648 5620087 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. 12457085 5854637 42495146 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 1 1 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 1 0 0 1 87 0 1 651 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 46 42 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 1 0 GA X WADE M BENSON CPA 7063793111 1 COLLEGE STREET YOUNG HARRIS GA 305820068 DR DREW L VAN HORN PRESIDENT/EX-OFFICIO TRUSTEE 40.00 X X 234638 0 21585 KURT T MOMAND BOARD CHAIR/EXECUTIVE COMMITTEE CHAIR 40.00 X X 0 0 0 MR RON W HINSON VICE BOARD CHAIR 40.00 X X 0 0 0 JAMES T JOHNSTON JR SECRETARY 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 HENRY M HUCKABY ACADEMIC AFFAIRS COMMITTEE CHAIR 1.00 X 0 0 0 MARGARET R BUKER STUDENT AFFAIRS COMMITTEE CHAIR 1.00 X 0 0 0 DR DON A HARP JR TRUSTEESHIP, GOVERNANCE, AND COMPENSATION COMMITTE 1.00 X 14400 0 0 PAM R ROLLINS DEVELOPMENT COMMITTEE CHAIR 1.00 X 0 0 0 WILLIAM A JOHNSTON ENDOWMENT COMMITTEE CHAIR 1.00 X 0 0 0 MATTHEW P ANDERSON TRUSTEE 1.00 X 0 0 0 M BRANTLEY BARROW TRUSTEE 1.00 X 0 0 0 PAUL D BECKHAM 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 CAROL A CHASTAIN 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 GERALD W HUDGINS TRUSTEE 0.50 X 0 0 0 THE HONERABLE STEVE C JONES TRUSTEE 0.50 X 0 0 0 RAY P LAMBERT JR TRUSTEE 0.50 X 0 0 0 DAVID J LANCE TRUSTEE 0.50 X 0 0 0 MARTHA J LOGAN TRUSTEE 0.50 X 0 0 0 EUSTACE P MCCANNON TRUSTEE 0.50 X 0 0 0 CHARLOTTE S MCCLOSKEY 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 JERRY W NIX TRUSTEE 0.50 X 0 0 0 LOULIE TARBUTTON REESE 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 MARLAN B WILBANKS 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 DR ROBERT V OZMENT LIFE-TIME TRUSTEE 0.50 X 0 0 0 GUERIN BROWN EX-OFFICIO TRUSTEE 0.50 X 0 0 0 PHIL DEMORE EX-OFFICIO TRUSTEE 0.50 X 0 0 0 BISHOP SUE HAUPERT-JOHNSON EX-OFFICIO TRUSTEE 0.50 X 0 0 0 WADE M BENSON CHIEF FINANCIAL OFFICER/CONTROLLER/TREASURER 40.00 X 113500 0 19919 DR JASON PIERCE PROVOST/VP OF ACADEMIC AFFAIRS 40.00 X 158022 0 17511 DR KEITH A DEFOOR ASSOCIATE VP OF ACADEMIC AFFAIRS 40.00 X 102552 0 17982 DR CHRISTOPHER TODD JONES DEAN OF PROFESSIONAL STUDIES 40.00 X 114751 0 12842 737863 0 89839 5 0 1 0 SODEXO INC PO BOX 536922 ATLANTA GA 30353 FOOD AND PHYSICAL PLANT SERVICES 3934675 FOLLETT 3146 SOLUTIONS CENTER CHICAGO IL 60677 BOOKSTORE OPERATIONS 692512 WINKLER & WINKLER CONSTRUCTION PO BOX 2282 BLAIRSVILLE GA 30514 BAND BUILDING CONSTRUCTION CONTRACTOR 453252 EAB INC PO BOX 603519 CHARLOTTE NC 28260 ENROLLMENT & FUNDRAISING CONSULTANTS 265427 CUSTOM HOME PAINTING 712 BEAR RUN ROAD HIAWASSEE GA 30546 PAINTING 174700 7 3706239 8219263 57732 11925502 TUITION & FEES 611710 27321111 27321111 AUXILIARY SERVICES 611710 5620087 5620087 STUDENT SUPPORT 611710 234550 234550 33175748 3329658 3329658 11801921 12465718 -663797 -663797 -663797 INCOME (LOSS) FROM REC CENTER MEM 713940 -2868 -2868 INCOME (LOSS) FROM PARTNERSHIPS 523000 -4089 -4089 -6957 47760154 33175748 -6957 2665861 16617743 16617743 2279641 2279641 477850 193484 269966 14400 10455710 9177859 782813 495038 414206 348728 46003 19475 1354229 1187797 102651 63781 758260 652037 70279 35944 105901 105901 18914 18914 150351 150351 680467 472348 196869 11250 364511 176346 59509 128656 3979893 3881084 46286 52523 1640825 1637775 2653 397 447403 387226 40390 19787 1030754 994708 29371 6675 2103959 2023267 64964 15728 348120 210040 138080 STUDENT MEALS 1631611 1611544 10743 9324 OTHER EXPENSE 407114 351413 50988 4713 DUES AND SUBSCRIPTIONS 216851 144725 58008 14118 PROGRAMS AND PROMOTIONS 148357 113907 0 34450 90673 33474 6217 50982 45723343 42495146 2232042 996155 2339886 2602189 177980 1044904 42027 47286 334193 258649 120759 -227559 110814922 50059992 62374333 60754930 31476805 35218441 74156673 73249828 1617893 1439205 172640549 174387873 1512608 1207046 27205251 26984715 985123 1082250 29702982 29274011 X 53669151 52491873 89268416 92621989 142937567 145113862 172640549 174387873 X 2036811 322479 -182995 X 0 1 X 1 1 1 X 3319240 3386360 8873370 3341222 11925502 30845694 3319240 3386360 8873370 3341222 11925502 30845694 9405000 21440694 3352972 3129025 3394053 3467888 3179307 16523245 47368939 199732030 0.45260 0.42940 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 45328330 4601315 343666 2079121 48194190 45094844 1929460 590502 2286476 45328330 39219050 5444039 2896848 2465093 45094844 35854145 427662 5076465 2139222 39219050 39467057 291787 -690527 3214172 35854145 0.44680 0.45800 0.09520 1 0 3633411 3633411 78948095 23924530 55023565 8352157 6848032 1504125 19881259 19287430 593829 60754930 FLEXIBLE CAPITAL 8387495 F BENEFICIAL INTEREST IN PERPETUAL TRUST 58142859 F BENEFICIAL INTEREST IN REMAINDER TRUST 2496653 F INVESTMENTS HELD IN TRUST FOR OTHERS 2862622 F REAL ESTATE 1360199 F 73249828 DUE TO BENEFICIARIES 277998 DEPOSITS 804252 1082250 28916877 322479 54000 -172021 204458 28712419 150351 18897384 19047735 47760154 26740582 54000 10974 64974 26675608 150351 18897384 19047735 45723343 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 XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -172,021. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND FINANCIAL ASSISTANCE 18,897,384. PART XII, LINE 2D - OTHER ADJUSTMENTS: DISTRIBUTION TO BENEFICIARIES 10,974. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND FINANCIAL ASSISTANCE 18,897,384. 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, AGE, NATIONAL ORIGIN OR ANCESTRY, PHYSICAL OR MENTAL DISABILITY, VETERAN STATUS, GENETIC INFORMATION AND ANY OTHER BASIS PROTECTED BY FEDERAL, STATE, OR LOCAL LAWS IN THE ADMINISTRATION OF ITS SCHOLARSHIP AND LOAN PROGRAM, ADMISSION, ATHLETIC, OR OTHER SCHOOL ADMINISTERED COLLEGE 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. IN THE CURRENT YEAR, THE COLLEGE RECEIVED AND DISTRIBUTED GOVERNMENTAL AID TOTALING $188,719. 1 0 0 0 0 0 0 0 0 0 FINANCIAL ASSISTANCE EUROPE - 43 1208357 CREDIT TO BURSAR ACCOUNTS FINANCIAL ASSISTANCE EAST ASIA AND THE PACIFIC - 5 133086 CREDIT TO BURSAR ACCOUNTS FINANCIAL ASSISTANCE CENTRAL AMERICA AND THE CARIBBEAN - 12 282546 CREDIT TO BURSAR ACCOUNTS FINANCIAL ASSISTANCE SOUTH AMERICA 12 374068 CREDIT TO BURSAR ACCOUNTS FINANCIAL ASSISTANCE NORTH AMERICA - CANADA 9 226584 CREDIT TO BURSAR ACCOUNTS FINANCIAL ASSISTANCE SUB-SAHARAN AFRICA 3 55000 CREDIT TO BURSAR ACCOUNTS 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: X X X X X X X 1 DON A HARP JR 2720 WINDING LANE ATLANTA GA 30319 FUNDRAISING CONSULTING 0 0 14400 -14400 EAB GLOBAL INC 1920 EAST PARHAM ROAD RICHMOND VA 23228 FUNDRAISING CONSULTING 0 0 18914 -18914 33314 -33314 1 SCHOLARSHIPS AND FINANCIAL ASSISTANCE 848 16617743 PART I, LINE 2: YOUNG HARRIS COLLEGE DEVELOPS FINANCIAL AID AWARDS BASED UPON A COMBINATION OF FACTORS, INCLUDING THE STUDENT'S DEMONSTRATED FINANCIAL NEED AS DETERMINED BY THE FAFSA OR OTHER FAMILY FINANCIAL INDICATOR AS ACCEPTED BY THE COLLEGE, HIGH SCHOOL GPA, AND SAT OR ACT SCORES. AID IS TO BE AWARDED IN THE MANNER WHICH BEST SERVES THE GREATEST NUMBER OF STUDENTS AND WHICH IS IN KEEPING WITH THE INTENT OF THE VARIOUS CAMPUS PROGRAMS. ALL INSTITUTIONAL FINANCIAL AID AWARDS ARE MADE IN ACCORDANCE WITH THE STUDENT'S ABILITY TO MAINTAIN SATISFACTORY ACADEMIC PROGRESS. THE FINANCIAL AID DEPARTMENT MONITORS THE STUDENTS' SATISFACTORY ACADEMIC PROGRESS ANNUALLY FOR INSTITUTIONAL AID TO DETERMINE CONTINUED ELIGIBILITY. STANDARDS ARE SET ON QUALITATIVE AND QUANTITATIVE PROGRESS. 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 234638 0 0 0 0 0 12000 0 9585 0 256223 0 0 0 DR JASON PIERCE PROVOST/VP OF ACADEMIC AFFAIRS 158022 0 0 0 0 0 8250 0 9261 0 175533 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. 0 X 12 48473 LISTED EXCHANGE VALUE X EQUIPMENT/FURNITURE 2 7113 ESTIMATED FAIR VALUE X SUPPLIES 15 2146 ESTIMATED FAIR VALUE 0 1 0 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. 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 PRESIDENTS' COMPENSATION IS REVIEWED AND APPROVED BY THE PRESIDENT. 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 ARE AVAILABLE UPON REQUEST. 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 XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -172,021. DISTRIBUTION TO BENEFICIARIES -10,974. 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 -488832 39216482 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 1776990 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", 0.052632%). 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.