2021-05-14T15:34:05-05:00 2020-06-30 350921680 CROWE LLP 9600 Brownsboro Road Suite 400 Louisville KY 402411122 990 2019-07-01 610444780 Spalding University Inc SPAL 5025859911 845 South Third Street Louisville KY 402032188 Jefferson Rush Sherman CFO 2021-05-14 true KIM SCIFRES P01316095 5023263996 2019 2022-09-23 18:48:47Z Tori Murden McClure 845 South Third Street Louisville KY 402032188 43454986 false X www.spalding.edu X 1984 KY Spalding University is a Co-Educational, Independent Institution accredited by the Southern Association of Colleges and Schools as a Doctoral Level Institution. The University offers programs in business, nursing, occupational therapy, social work, psychology, creative writing, education and others. 24 23 773 22 0 0 3584140 1590663 37373280 35292804 1723621 836541 765931 720732 43446972 38440740 6274730 5750878 0 22926385 21580511 30000 394085 11484974 11377414 40686089 38738803 2760883 -298063 76979092 79512121 12056802 14725405 64922290 64786716 Spalding University is a diverse community of learners dedicated to meeting the needs of the times in the tradition of the Sisters of Charity of Nazareth through quality undergraduate and graduate liberal and professional studies, grounded in spiritual values, with emphasis on service and the promotion of peace and justice. false false 21343082 5750878 33300698 Instruction for students: As a doctoral level institution with 1,630 students, the University offers degree programs in humanities, social science, health and natural science, education, business, and communication. Some examples of programs offered are psychology, creative writing, nursing, occupational therapy, art, social work, business, and advanced teacher education. 7998361 2060219 Student services: a comprehensive support system for students from initial inquiry to graduation is available. Services are provided by the offices of admissions, financial aid, registrar, bursar, campus development and student life, and athletics. Additional student engagement activities include the student government association, student-run organizations, as well as on-campus extracurricular and cultural events. 1729739 29932 Academic support: organized activities related to educational departments aim to bolster the academic success of students by meeting their individual needs. These include the library, and the academic resource center. The academic resource center supports students with tutoring and advising programs, a math lab and writing center. Additional support for english-language learners (ell) and first-generation college students is also offered. 31071182 true true false false false false false false true true false false false true true true false true false false false false true false true false false true true false false false false true true false false true false false false false true false false false true 2318 1 true 773 true false false false false false false false false false false false false X 24 23 false false false false false false false true true false false true true true true true true false false false KY X Katherine Weyhing 5028734315 845 South Third Street Louisville KY 402032188 Angela Leet Second Vice Chair 1.0 X X 0 0 0 James A Morris First Vice Chair 1.0 X X 0 0 0 James Rissler Chair 1.0 X X 0 0 0 John P Malloy Secretary 1.0 X X 0 0 0 Paul Ratterman Trustee 1.0 X X 0 0 0 Alfonso N Cornish Trustee 1.0 X 0 0 0 Andrew Trager-Kusman Trustee 1.0 X 0 0 0 Brian B Reynolds Trustee 1.0 X 0 0 0 Carter Vance Trustee (Partial Year) 1.0 X 0 0 0 Christie Coe Trustee 1.0 X 0 0 0 Craig Mackin Trustee 1.0 X 0 0 0 Dana Jackson Trustee (Partial Year) 1.0 X 0 0 0 Eric Schwartz Trustee 1.0 X 0 0 0 Gene M Smith Trustee 1.0 X 0 0 0 Isaac Myers Trustee 1.0 X 0 0 0 Jacqueline Wood Trustee (Partial Year) 1.0 X 0 0 0 Kellie Sheryak Trustee 1.0 X 0 0 0 M Serra Goethals SCN Trustee 1.0 X 0 0 0 Mark Carter Trustee 1.0 X 0 0 0 Mary Wolford Trustee 1.0 X 0 0 0 Neville Blakemore Trustee 1.0 X 0 0 0 Pattie Dillon Faculty Trustee 40.0 X 98521 0 6918 Rick Blackwell Trustee 1.0 X 0 0 0 Roger McClendon Trustee 1.0 X 0 0 0 Rose Howard SCN Trustee 1.0 X 0 0 0 Sister Sharon Gray Trustee 1.0 X 0 0 0 Emily Norris General Counsel 40.0 X 106655 0 24214 Jefferson Rush Sherman CFO 40.0 X 122256 0 37932 Joanne Berryman Former Provost 40.0 X 95602 0 11063 John Burden Provost 40.0 X 136470 0 20897 Tori M McClure President 40.0 X 241777 0 29396 Cindee Quake-Rapp Faculty 40.0 X 123677 0 9586 Ezra Krumhansl IT 40.0 X 119102 0 24314 Kurt Jefferson Graduate Dean 40.0 X 115827 0 41959 Laura Strickland Faculty 40.0 X 117328 0 14651 Michelle Reiss Faculty 40.0 X 130372 0 15659 1407587 0 236589 26 false true false Schafer General Contracting 4716 Pinewood Road Louisville KY 40218 Construction 2108217 The Motz Group 3607 Church St Cincinnati OH 45244 Construction Services 1006858 JONES LANG & LASALLE PO BOX 2847 LOUISVILLE KY 40201 MAINTENANCE AND CUSTODIAL 792699 Bandy Carroll Hellige Advertising PO Box 950207 Louisville KY 402950207 Marketing Services 476235 Ellucian Inc 62578 Collection Center Dr Chicago IL 606930625 Computer Hosting and Maintenance 445168 17 1590663 104518 1590663 Tuition and Fees 611310 32700083 32700083 Residence Hall 721310 605599 605599 Sponsored Programs 611310 1377424 1377424 Entech Program 611310 141924 141924 Rehab Clinic 611310 118760 118760 349014 349014 0 0 35292804 497679 497679 29523 6796 22727 0 22727 22727 5313132 8180 4973290 9160 339842 -980 338862 338862 45010 25000 20010 20010 Food Service 611710 553600 553600 Fees 611710 36020 36020 Parking 611710 26350 26350 62025 62025 0 0 677995 38440740 35390849 0 1459228 5750878 5750878 883885 434171 449714 16494607 14280088 1953667 260852 952735 791667 149869 11199 1979060 1022106 925800 31154 1270224 1060846 190611 18767 2529 2529 133310 133310 30000 30000 77597 77597 2452491 2036038 408550 7903 790530 790530 889604 276303 607217 6084 862081 862081 1311954 1287290 20991 3673 640554 600529 25111 14914 228 228 1901474 1865726 30424 5324 51368 51368 COVID student Assistance 447200 447200 Maintenance 353907 353907 Dietary Food & Supplies 266395 266395 Books and Periodicals 228706 228706 967486 765164 198107 4215 38738803 31071182 7273536 394085 617181 1652780 10757604 9763526 1236762 1211739 235036 442411 0 0 0 0 1325117 1256782 27386 569912 630309 74627401 31225081 41785673 43402320 18865855 19589829 0 0 1585952 1535039 76979092 79512121 3026600 2088134 839210 943303 0 0 0 5555000 9164700 2635992 2529268 12056802 14725405 X 39327070 39048368 25595220 25738348 64922290 64786716 76979092 79512121 X -298063 122346 40143 X false true X true true true X 3500194 1695658 2264682 3584140 1590663 12635337 0 0 3500194 1695658 2264682 3584140 1590663 12635337 2024872 10610465 317027 319443 351551 577447 527202 2092670 0 0 0 0 0 0 646739 695012 805589 680814 624960 3453114 18181121 190818585 0.5836 0.6229 X Schedule A, Part II Public Support Test PART II HAS BEEN COMPLETED TO PROVE THE COLLEGE MEETS THE PUBLIC SUPPORT TEST AND THEREFORE QUALIFIES TO USE THE SPECIAL RULE IN REPORTING ON SCHEDULE B. Schedule A, Part II, Line 10 Other Income DESCRIPTION - FUNDRAISING INCOME, COLUMN A - 46062.0, COLUMN B - 34185.0, COLUMN C - 53649.0, COLUMN D - 26666.0, COLUMN E - 0.0, COLUMN F - 160562.0; DESCRIPTION - GAMING INCOME, COLUMN A - 70690.0, COLUMN B - 60220.0, COLUMN C - 64100.0, COLUMN D - 48500.0, COLUMN E - 45010.0, COLUMN F - 288520.0; DESCRIPTION - OTHER INCOME, COLUMN A - 529987.0, COLUMN B - 600607.0, COLUMN C - 687840.0, COLUMN D - 605648.0, COLUMN E - 579950.0, COLUMN F - 3004032.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20739496 63898 812925 700000 20916319 21198753 545892 1543692 700000 1848841 20739496 19076522 486125 2336106 700000 21198753 17510756 176115 1889651 500000 19076522 16568893 1395021 46842 500000 0 0 17510756 0.0 0.7617 0.2383 false false 11118094 11118094 43565883 15005140 28560743 605067 38859 566208 19338357 16181082 3157275 43402320 Refundable Government Loans 1325512 Accrued Fair Value of Interest Rate Swap Agreement 289223 Capital leases Other Long Term Liabilities 914533 2529268 X 33804180 122346 1081569 1203915 32600265 77597 5762878 5840475 38440740 33939754 25000 25000 33914754 77597 4746452 4824049 38738803 Schedule D, Part V, Line 4 Intended uses of endowment funds THE PURPOSE OF THE UNIVERSITY'S ENDOWMENT IS TO PROVIDE FUNDING FOR THE SCHOLARSHIP PROGRAMS AND OTHER RESTRICTED PURPOSES WITH THE GOAL OF SUPPORTING THE MISSION OF SPALDING UNIVERSITY. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE UNIVERSITY IS A NOT-FOR-PROFIT CORPORATION AND HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE TO BE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. GAAP PRESCRIBES RECOGNITION THRESHOLDS AND MEASUREMENT ATTRIBUTES FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. TAX BENEFITS OR LIABILITIES WILL BE RECOGNIZED ONLY IF THE TAX POSITION WOULD "MORE-LIKELY-THAN-NOT" BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED WILL BE THE LARGEST AMOUNT OF TAX BENEFIT OR LIABILITY THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE MORE-LIKELY-THAN-NOT TEST, NO TAX BENEFIT OR LIABILITY WILL BE RECORDED. MANAGEMENT HAS CONCLUDED THAT THEY ARE UNAWARE OF ANY TAX BENEFITS OR LIABILITIES TO BE RECOGNIZED AT JUNE 30, 2020 AND 2019 AND DOES NOT EXPECT THIS TO CHANGE IN THE NEXT 12 MONTHS. THE UNIVERSITY WOULD RECOGNIZE INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS IN INTEREST AND INCOME TAX EXPENSE, RESPECTIVELY. THE UNIVERSITY DOES NOT HAVE AMOUNTS ACCRUED FOR INTEREST OR PENALTIES AS OF JUNE 30, 2020 AND 2019. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Change in Split Interest Agreements - 11224 Gaming Expense - 25000 Change in Swap - 40919 HRSA-Titile IV expenses - 1004426 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Financial Aid - 5750878 Uncollectable Pledges - 12000 - Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Gaming expenses - 25000 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Financial Aid - 5750878 HRSA and Title IV - -1004426 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY SPALDING UNIVERSITY IS AN EQUAL OPPORTUNITY EDUCATIONAL INSTITUTION. THE UNIVERSITY DOES NOT DISCRIMINATE AGAINST OTHER QUALIFIED APPLICANT, PARTICIPANT, EMPLOYEE OR BENEFICIARY ON THE BASIS OF RACE, COLOR, NATIONAL ORIGIN, AGE, DISABILITY, RELIGION, SEX, PREGNANCY, SEXUAL ORIENTATION, GENDER IDENTITY, MARITAL STATUS, MILITARY STATUS, VETERAN STATUS, OR OTHER PROTECTED STATUS. (STATEMENTS COMPARABLE TO THIS APPEAR IN THE UNIVERSITY'S RECRUITMENT PUBLICATIONS.) Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT SPALDING UNIVERSITY RECEIVES FEDERAL AID FOR STUDENTS UNDER TITLE IV AND RECEIVES FEDERAL AND STATE GRANTS AS WELL. X X true Addmor LLC 312 S 4th St Louisville KY 40202 Athletic Fundraising false 45010 30000 15010 45010 30000 15010 KY 45010 25000 true 0.5 45010 25000 KY true false false false 1.0 0.0 Roger Burkman 845 S Third St Louisville KY 40203 false ROGER BURKMAN 89 Oversee the Raffle X false 0 Schedule G, Part III, Line 16 Description of Services Provided ESTIMATED TIME 2 HOURS TO OVERSEE THE ON SITE VIRTUAL RAFFLE. Schedule G, Part I, Line 2b(v) payment of fees or payment of expenses ADDMOR LLC-SIX MONTH FUNDRAISING CONTRACT TO PAY A SET MONTHLY FEE OF $5000. CONTRACT RAN FROM NOVEMBER 2019 TO APRIL 2020.; true SFA NEED BASED 368 1288033 SFA MERIT BASED 439 3498918 GRADUATE ASSISTANT/SCHOLARSHIPS 129 475756 ENDOWED/RESTRICTED AID 135 275993 OTHER 49 212178 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. ALL ASSISTANCE THAT IS PROVIDED THROUGH THE UNIVERSITY TO STUDENTS IS DESIGNATED FOR TUITION, FEES, BOOKS, AND OTHER DIRECT EDUCATIONAL COSTS. THE FINANCIAL AID OFFICE AND FINANCE OFFICE OF THE UNIVERSITY MONITORS AND CONTROLS DISBURSEMENT OF ALL ASSISTANCE. X X X true false false false false false false false false Tori M McClure President 239845 0 0 0 1932 0 18750 0 10646 0 271173 0 0 0 Jefferson Rush Sherman CFO 121131 0 0 0 1125 0 9860 0 28072 0 160188 0 0 0 John Burden Provost 135311 0 0 0 1159 0 10797 0 10100 0 157367 0 0 0 Kurt Jefferson Graduate Dean 115628 0 0 0 199 0 9181 0 32778 0 157786 0 0 0 Schedule J, Part I, Line 4a Severance or change-of-control payment Severance Payment was received during 2019 by Highest compensated employee, Cindee Quake-Rapp in the amount of $18,856. See Part V 29840 Tuition Remission Joanne Berryman Former Provost 69588 Contract Services for Instructional Training false Substantial Contributor Substantial Contributor 2108217 Independent Contractor Arrangement false Schedule L, Part III, Column (a) GRANTS OR ASSISTANCE BENEFITING INTERESTED PERSONS IN 2019-2020, SPALDING OFFERED TUITION REMISSION FOR ALL EMPLOYEES WITH DEPENDENTS WHO ARE CURRENTLY STUDENTS. CURRENTLY $29,840 IN TUITION REMISSION FUNDS ARE BEING RECEIVED BY FAMILY MEMBERS OF INTERESTED PERSONS. Schedule L, Part III, Column (a) NAME OF INTERESTED PERSON AS PER IRS INSTRUCTIONS FOR 990 SCHEDULE L, SCHOOLS ARE NOT REQUIRED TO IDENTIFY INTERESTED PERSONS TO WHOM THEY PROVIDED SCHOLARSHIPS, FELLOWSHIPS, AND SIMILAR FINANCIAL ASSISTANCE. THEREFORE, COLUMNS (A) AND (B) HAVE BEEN LEFT BLANK FOR THESE LINES. X 7 104518 Market value 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - Number of contributions Form 990, Part VI, Line 15a PROCESS TO ESTABLISH COMPENSATION OF TOP MANAGEMENT OFFICIAL THE BOARD OF TRUSTEES REVIEWS AND DETERMINES THE COMPENSATION OF THE UNIVERSITY PRESIDENT USING INDUSTRY SALARY BENCHMARKS AND OTHER RELEVANT ECONOMIC DATA. DOCUMENTATION OF SAID DELIBERATIONS WERE RETAINED BY THE EXECUTIVE COMMITTEE IN MEETING NOTES. This process was last conducted in JUNE 2018. WITH FULL KNOWLEDGE AND UNDERSTANDING THE PRESIDENT ELECTED TO WAIVE ANY ADDITIONAL COMPENSATION ABOVE WHAT IS REPORTED HERE. Form 990, Part VI, Line 15b Process to establish compensation of other employees The University president, provost and human resources manager review and determine the compensation of the other officers and key employees using CUPA salary scales and other relevant economic and industry data. Documentation of deliberations were retained in each relevant meeting's notes. Process was last conducted in June 2019. Form 990, Part VI, Line 1a Delegate broad authority to a committee THE EXECUTIVE COMMITTEE IS COMPOSED OF OFFICERS OF THE GOVERNING BODY TO ADDRESS ONLY SPECIFIC ISOLATED MANAGERIAL ISSUES THAT DO NOT REQUIRE FULL BOARD APPROVAL. Form 990, Part VI, Line 11b Review of form 990 by governing body IT IS SPALDING UNIVERSITY'S POLICY THAT THE AUDIT COMMITTEE WILL BE RESPONSIBLE FOR THE INTERNAL REVIEW OF THE INTERNAL REVENUE SERVICE FORM 990 THAT IS TO BE FILED. UPON APPROVAL OF THE AUDIT COMMITTEE, THE FORM 990 SHALL BE PRESENTED TO THE BOARD OF TRUSTEES FOR THEIR REVIEW. THE AUDIT COMMITTEE CHAIR WILL APPROVE THE FILING OF THE FORM 990 WITH THE IRS. THE BOARD OF TRUSTEES IS RELYING ON THE UNIVERSITY STAFF, THE AUDIT COMMITTEE AND INDEPENDENT ACCOUNTANTS TO COMPLETE AND EXAMINE THE FORM 990. Form 990, Part VI, Line 12c Conflict of interest policy A CONFLICT OF INTEREST QUESTIONNAIRE IS COMPLETED BY EACH BOARD MEMBER AND ANY EMPLOYEE WHO INTERFACES WITH THE BOARD. THE CFO AND FINANCE OFFICE REVIEW THE QUESTIONNAIRES. ANY CONFLICTS ARE THEN DISCUSSED WITH THE PRESIDENT AND CHAIRMAN OF THE BOARD, AND ANY BOARD MEMBER WITH A POTENTIAL OR ACTUAL CONFLICT OF INTEREST WOULD ABSTAIN FROM VOTING ON ANY ISSUES SURROUNDING THAT CONFLICT. Form 990, Part VI, Line 19 Required documents available to the public FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICIES ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE (IRC) SECTION 6104. Form 990, Part VIII, Line 2f Other Program Service Revenue Master of Fine Arts - Total Revenue: 111057, Related or Exempt Function Revenue: 111057, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Psychology Clinic - Total Revenue: 113101, Related or Exempt Function Revenue: 113101, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Psychology Auxillary - Total Revenue: 63196, Related or Exempt Function Revenue: 63196, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Nursing Auxillary - Total Revenue: 30981, Related or Exempt Function Revenue: 30981, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Occupational Auxillary - Total Revenue: 11480, Related or Exempt Function Revenue: 11480, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Social Work Auxillary - Total Revenue: 10116, Related or Exempt Function Revenue: 10116, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Campus Bookstore - Total Revenue: 9083, Related or Exempt Function Revenue: 9083, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part VIII, Line 11d Other Miscellaneous Revenue Misc Income - Total Revenue: 62025, Related or Exempt Function Revenue: 62025, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances Change in value of split interest agreement - 11224; Change in value of swap agreement - 40919; Write off of uncollectible pledges - -12000; CHARITABLE REMAINDER TRUST (1) 845 South Third Street Louisville KY 402032188 INVESTMENTS KY NA Trust false false false false false false false false false false false false false false false false false false false false