2020-03-26T06:56:54-05:00 2019-06-30 454084437 WARREN AVERETT LLC SIX CONCOURSE PARKWAY SUITE 600 ATLANTA GA 30328 990 2018-07-01 580593414 YOUNG HARRIS COLLEGE YOUN 7063793111 PO BOX 68 YOUNG HARRIS GA 305820068 WADE M BENSON CPA CHIEF FINANCIAL OFFICER 7063793111 2020-03-25 1 ADAM REPASY P01689756 7703961100 2020-03-25 108.245.20.92 2020-03-25 08:47:07 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 2997BEA62C86A65C65E5C318DE2E7E37921ACB51 2018 2020-11-19 02:30:22Z DR DREW VAN HORN PO BOX 68 YOUNG HARRIS GA 305820068 55134506 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. 45 40 693 46 -27269 -27269 8873370 3341222 38026830 37674247 4365266 3052193 -48070 -44801 51217396 44022861 19454611 19576746 0 0 14989257 14976186 0 0 1342233 16608286 15411229 51052154 49964161 165242 -5941300 175751155 172640549 28623791 29702982 147127364 142937567 X YOUNG HARRIS COLLEGE EDUCATES, INSPIRES, AND EMPOWERS STUDENTS THROUGH A COMPREHENSIVE LIBERAL ARTS EXPERIENCE THAT INTEGRATES MIND, BODY, AND SPIRIT. 0 0 9278455 28885176 INSTRUCTIONAL: FUNDS EXPENDED TO EDUCATE STUDENTS THROUGH A COMPREHENSIVE LIBERAL ARTS BACHELOR'S DEGREE PROGRAM DELIVERED THROUGH INNOVATIVE ACADEMIC INSTRUCTION. ENROLLMENT IN 2018-2019 INCLUDED APPROXIMATELY 1,457 STUDENTS. ACADEMIC OFFERINGS INCLUDE ACCOUNTING, ART, BIOLOGY, BUSINESS AND PUBLIC POLICY, CHEMISTRY, COMMUNICATIONS STUDIES, CREATIVE WRITING, ECONOMICS, EDUCATION (EARLY CHILDHOOD), EDUCATION (MIDDLE GRADES), ENGLISH, ENVIRONMENTAL SCIENCE, GRAPHIC DESIGN, HISTORY, INTERDISCIPLINARY STUDIES, MANAGEMENT, MATHEMATICS, MUSIC, MUSIC EDUCATION, MUSICAL THEATRE, OUTDOOR LEADERSHIP, PSYCHOLOGY, RELIGIOUS STUDIES, SPANISH, THEATRE, THEATRICAL DESIGN AND PRODUCTION, AND A MASTERS OF ARTS IN TEACHING. 3335793 ACADEMIC SUPPORT: FUNDS EXPENDED TO PROVIDE FACULTY ADMINISTRATION AND SUPPORT, FACULTY DEVELOPMENT OPPORTUNITIES, CURRICULUM ENRICHMENT AND LIBRARY, 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. CURRICULUM AND PROGRAM DEVELOPMENT EXPENSES ARE RECORDED IN THIS CATEGORY. 19576746 19576746 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. 99.03% OF THE STUDENTS ENROLLED DURING 2018-2019 RECEIVED SOME FORM OF FINANCIAL ASSISTANCE. 6746067 355759 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. 7102338 8433312 AUXILIARY SERVICES: FUNDS EXPENDED FOR MEAL SERVICES AND THE OPERATION, REPAIR AND MAINTENANCE OF THE COLLEGE'S RESIDENCE HALLS, CAMPUS CENTER AND DINING HALL, AND RECREATION FACILITY. 13848405 8789071 46039399 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 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 1 108 0 1 693 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 45 40 1 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 235664 0 23985 KURT T MOMAND BOARD CHAIR/EXECUTIVE COMM CHAIR 1.00 X X 0 0 0 MR RON W HINSON VICE BOARD CHAIR 1.00 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 COMM 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 COMP 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 0.50 X 0 0 0 M BRANTLEY BARROW TRUSTEE 0.50 X 0 0 0 PAUL D BECKHAM TRUSTEE 0.50 X 0 0 0 MARY S BROADRICK 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 DARRYL A HICKS TRUSTEE 0.50 X 0 0 0 GERALD W HUDGINS 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 RICHARD W MCGINNIS 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 JIMMY C TALLENT 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 JAMES E WILLIAMS 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 BISHOP SUE HAUPERT-JOHNSON EX-OFFICIO TRUSTEE 0.50 X 0 0 0 LEXI HOOPER EX-OFFICIO TRUSTEE 0.50 X 0 0 0 CHARLOTTE S MCCLOSKEY 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 C BROOKS SEAY VP OF FINANCE AND ADMINISTRATION 40.00 X 184672 0 19631 WADE M BENSON CHIEF FINANCIAL OFFICER/CONTROLLER 40.00 X 112346 0 34095 JAMES OWEN VP OF ADVANCEMENT 40.00 X 156868 0 44171 CLAYTON DANIELS VP OF ENROLLMENT MANAGEMENT 40.00 X 104572 0 40922 808522 0 162804 5 0 1 0 SODEXO INC PO BOX 536922 ATLANTA GA 30353 FOOD AND PHYSICAL PLANT SERVICES 4175454 PADGETT GROUP 140 MOUNTAIN BROOK DRIVE CANTON GA 30115 HVAC CONTRACTORS 226315 FOLLETT 3146 SOLUTIONS CENTER CHICAGO IL 60677 BOOKSTORE OPERATIONS 216860 LIAISON 311 ARSENAL STREET WATERTOWN MA 02472 ENROLLMENT MANAGEMENT 180811 CUSTOM HOME PAINTING 712 BEAR RUN ROAD HIAWASSEE GA 30546 PAINTING 156680 5 74070 338532 2928620 545603 3341222 TUITION & FEES 611710 28885176 28885176 AUXILIARY SERVICES 611710 8433312 8433312 STUDENT SUPPORT 611710 355759 355759 37674247 3467888 3467888 10658679 11734 11086108 0 -427429 11734 -415695 11734 -427429 19739 74070 25537 -5798 -5798 INCOME (LOSS) FROM REC CENTER MEM 713940 -6986 -6986 INCOME (LOSS) FROM PARTNERSHIPS 523000 -32017 -32017 -39003 44022861 37674247 -27269 3034661 17377928 17377928 2198818 2198818 481979 192153 275426 14400 11669392 10155671 849050 664671 657690 557059 64713 35918 1357867 1121550 106762 129555 809258 700445 62015 46798 6663 6663 76078 76078 196263 196263 409307 167471 237280 4556 497091 262122 64838 170131 4324478 4155193 92876 76409 1870197 1863214 4064 2919 830485 732724 59785 37976 984871 949333 35538 2507498 2388671 118827 338686 215591 123095 STUDENT MEALS 2150385 2097767 22175 30443 OTHER EXPENSE 599737 467745 124378 7614 PROGRAMS AND PROMOTIONS 305297 256431 0 48866 DUES AND SUBSCRIPTIONS 225472 142492 56658 26322 88721 37021 6045 45655 49964161 46039399 2582529 1342233 2779436 2339886 1302916 177980 49558 42027 396895 334193 144768 120759 110586576 48212243 64305737 62374333 32352839 31476805 72568368 74156673 1850638 1617893 175751155 172640549 1536595 1512608 26066647 27205251 1020549 985123 28623791 29702982 X 50307967 53669151 10676021 7261553 86143376 82006863 147127364 142937567 175751155 172640549 X -5941300 217934 1280248 253321 X 0 1 X 1 1 1 X 3882608 3319240 3386360 8873370 3341222 22802800 3882608 3319240 3386360 8873370 3341222 22802800 5978319 16824481 3031657 3352972 3129025 3394053 3467888 16375595 39178395 205792075 0.42940 0.44230 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 45094844 1929460 590502 2286476 45328330 39219050 5444039 2896848 2465093 45094844 35854145 427662 5076465 2139222 39219050 39467057 291787 -690527 3214172 35854145 43148239 189334 884308 4754824 39467057 0.47350 0.51080 0.01570 1 0 3633411 3633411 78349468 22620091 55729377 8352157 6608667 1743490 19899533 18983485 916048 352007 352007 62374333 FLEXIBLE CAPITAL 9045848 F BENEFICIAL INTEREST IN PERPETUAL TRUST 58115233 F BENEFICIAL INTEREST IN REMAINDER TRUST 2477795 F INVESTMENTS HELD IN TRUST FOR OTHERS 3111243 F REAL ESTATE 1406554 F 74156673 DUE TO BENEFICIARIES 308050 DEPOSITS 677073 985123 24786680 217934 54000 264894 536828 24249852 196263 19576746 19773009 44022861 30256725 54000 11573 65573 30191152 196263 19576746 19773009 49964161 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 264,894. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND FINANCIAL ASSISTANCE 19,576,746. PART XII, LINE 2D - OTHER ADJUSTMENTS: DISTRIBUTION TO BENEFICIARIES 11,573. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND FINANCIAL ASSISTANCE 19,576,746. 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 $338,532. 1 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS 65998 0 0 0 0 0 0 65998 0 65998 FINANCIAL ASSISTANCE EUROPE - 49 1254676 CREDIT TO BURSAR ACCOUNTS FINANCIAL ASSISTANCE EAST ASIA AND THE PACIFIC - 7 201474 CREDIT TO BURSAR ACCOUNTS FINANCIAL ASSISTANCE CENTRAL AMERICA AND THE CARIBBEAN - 8 198515 CREDIT TO BURSAR ACCOUNTS FINANCIAL ASSISTANCE SOUTH AMERICA 8 256600 CREDIT TO BURSAR ACCOUNTS FINANCIAL ASSISTANCE NORTH AMERICA - CANADA 11 280053 CREDIT TO BURSAR ACCOUNTS FINANCIAL ASSISTANCE SUB-SAHARAN AFRICA 1 7500 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 I, LINE 3: ACCOUNTING FOR FOREIGN INVESTMENTS IS BASED UPON THE FAIR MARKET VALUE AT YEAR END. X X X X X X X 1 DON A HARP JR 2720 WINDING LANE ATLANTA GA 30319 FUNDRAISING CONSULTING 0 0 14400 -14400 14400 -14400 CLAY DOTSON OPEN 93809 74070 19739 1544 8274 15719 93809 74070 19739 1544 8274 15719 25537 -5798 1 SCHOLARSHIPS AND FINANCIAL ASSISTANCE 932 17377928 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 235664 0 0 0 0 0 14400 0 9585 0 259649 0 0 0 C BROOKS SEAY VP OF FINANCE AND ADMINISTRATION 184672 0 0 0 0 0 10955 0 8676 0 204303 0 0 0 JAMES OWEN VP OF ADVANCEMENT 156868 0 0 0 0 0 9696 0 34475 0 201039 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 TWO TRUSTEES. THE COLLEGE HAS SEVERAL CASH ACCOUNTS WITH THIS LOCAL AREA BANK WHICH ALSO HAS EXTENDED A REVOLVING LOAN TO THE COLLEGE. THE BANK'S EXECUTIVE CHARIMAN OF THE CORPORATION, JIMMY C. TALLENT, AND THE BANK'S CHIEF COMPLIANCE OFFICER, CAROL A. CHASTAIN, ARE MEMBERS OF THE COLLEGE'S BOARD OF TRUSTEES. NEITHER OF THE BOARD MEMBERS WERE INVOLVED IN THE DECISION TO SELECT THIS BANK AS SERVICE PROVIDER TO THE COLLEGE. 0 X 16 537403 LISTED EXCHANGE VALUE X EQUIPMENT/FURNITURE 2 6001 ESTIMATED FAIR VALUE X SUPPLIES 2 2199 ESTIMATED FAIR VALUE 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 TWO MEMBERS OF THE COLLEGE'S BOARD OF TRUSTEES HAVE A BUSINESS RELATIONSHIP WITH A LOCAL AREA BANK, UNITED COMMUNITY BANK, INC. THE BANK'S CHIEF EXECUTIVE OFFICER, JIMMY C. TALLENT, AND THE BANK'S CHIEF COMPLIANCE OFFICER, CAROL CHASTAIN, ARE TRUSTEES OF THE COLLEGE. 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. THE HUMAN RESOURCE OFFICE MAINTAINS COMPARABILITY DATA AND ALL EMPLOYEE INFORMATION. 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 264,894. DISTRIBUTION TO BENEFICIARIES -11,573. 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 -506238 39253198 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 1773940 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.