2019-05-15T08:26:37-05:00 2018-06-30 KPMG LLP 300 North Greene Street Suite 400 Greensboro NC 27401 990 2017-07-01 580566167 THE CORPORATION OF MERCER UNIVERSITY % WILLIAM G SOLOMON CORP 4573012710 1501 MERCER UNIVERSITY DRIVE MACON GA 31207 JAMES NETHERTON ASSO VP FIN & TREAS 4573012710 2019-05-13 true SHAWN M HUTCHINSON CPA P01048557 3362753394 2019-05-13 167.68.102.5 56038220191355000001 2019-05-15 P 2BA1248730D0726F683472A649157878557BD9FD 2BA1248730D0726F683472A649157878557BD9FD 2017 2019-02-21 02:37:17Z William D Underwood 1501 MERCER UNIVERSITY DRIVE MACON GA 31207 396207311 false X www.mercer.edu X 1833 GA Mercer University's mission is to teach, TO LEARN, TO CREATE, TO discover, to inspire, to empower, and to serve. 48 47 4403 512 44763 -72644 86283552 88302455 262354020 273997114 8002815 10442431 3987648 3401289 360628035 376143289 80297076 85036543 0 0 159791164 161058723 0 0 3236520 103289324 106849590 343377564 352944856 17250471 23198433 732991534 743858053 349702902 321268550 383288632 422589503 X MERCER UNIVERSITY'S MISSION IS TO TEACH, TO LEARN, TO CREATE, TO DISCOVER, TO INSPIRE, TO EMPOWER AND TO SERVE. IN FULFILLING THIS MISSION, THE UNIVERSITY SUPPORTS UNDERGRADUATE, GRADUATE, AND PROFESSIONAL LEARNING AS WELL AS BASIC RESEARCH AND ITS APPLICATION IN SERVICE TO OTHERS. AS A UNIVERSITY COMMITTED TO EXCELLENCE AND INNOVATION, MERCER CHALLENGES MEMBERS OF ITS COMMUNITY TO MEET AND EXCEED HIGH STANDARDS IN THEIR TEACHING, LEARNING, RESEARCH, SCHOLARSHIP AND SERVICE. FOUNDED BY BAPTISTS IN 1833, MERCER IS AN INDEPENDENT UNIVERSITY THAT REMAINS GROUNDED IN A TRADITION THAT EMBRACES FREEDOM OF THE MIND AND SPIRIT, CHERISHES THE EQUAL WORTH OF EVERY INDIVIDUAL, AND COMMITS TO SERVING THE NEEDS OF HUMANKIND. AS A REFLECTION OF THIS HERITAGE: O WE ENCOURAGE OUR STUDENTS TO DISCOVER AND DEVELOP FULLY THEIR UNIQUE COMBINATION OF GIFTS AND TALENTS TO BECOME LEADERS WHO MAKE A POSITIVE DIFFERENCE IN THE WORLD. O WE SEEK TO INSPIRE MEMBERS OF OUR COMMUNITY TO LIVE VIRTUOUS AND MEANINGFUL false false 101949243 233720252 INSTRUCTION: THE UNIVERSITY HAS 12 COLLEGES AND SCHOOLS. THESE EXPENSES ARE RELATED TO THE DIRECT INSTRUCTION OR TEACHING OF HIGHER EDUCATION. 83671919 83671919 Scholarship: The University has 12 colleges and schools. These expenses are related to the support provided to the students based on donor stipulation, need, and merit. 29658669 Academic Support: These expenses include providing library services and academic program development to the Provost and Deans of each college. 33736795 Research 52186527 40276862 Auxiliary Services 26534576 Student Services 7514827 3685843 Other 119972725 43962705 335252556 true true false true false false true false false true true true false false true true false true true false true false false false true false false true true true true false false false false false false false false false false true false false false true true false false false true 683 0 true 4403 true true true false false false false true true false false false false X 48 47 true false false false false false false true true false false true true true true true true true true false GA X WILLIAM G SOLOMON 4783012771 1501 MERCER UNIVERSITY DRIVE MACON GA 31207 Dr Spencer B King III BOARD Chair - Since 11/4/17 1.0 0.0 X X 0 0 0 Cathy Callaway Adams DIRECTOR 1.0 0.0 X 0 0 0 William HBilly Anderson II DIRECTOR 1.0 0.0 X 0 0 0 James Earl Carter Jr DIRECTOR 1.0 0.0 X 0 0 0 Milton L Cruz DIRECTOR 1.0 0.0 X 0 0 0 Hon W Homer Drake Jr DIRECTOR 1.0 0.0 X 0 0 0 Robert F Hatcher Sr DIRECTOR 1.0 0.0 X 0 0 0 David E Hudson DIRECTOR 1.0 0.0 X 0 0 0 J Thomas McAfee III DIRECTOR 1.0 0.0 X 0 0 0 M Diane Owens DIRECTOR 1.0 0.0 X 0 0 0 Hon W Louis Sands DIRECTOR 1.0 0.0 X 0 0 0 Edward J Schutter Jr DIRECTOR 1.0 0.0 X 0 0 0 Hon Hugh P Thompson DIRECTOR 1.0 0.0 X 0 0 0 Neville Callam DIRECTOR 1.0 0.0 X 0 0 0 Hon Sarah L Doyle DIRECTOR 1.0 0.0 X 0 0 0 Nancy Grace DIRECTOR 1.0 0.0 X 0 0 0 William Andrew Haggard DIRECTOR 1.0 0.0 X 0 0 0 Claude M Kicklighter DIRECTOR 1.0 0.0 X 0 0 0 Governor Zell Miller DIRECTOR 1.0 0.0 X 0 0 0 Joe Sam Robinson DIRECTOR 1.0 0.0 X 0 0 0 Miller Peterson Robinson DIRECTOR 1.0 0.0 X 0 0 0 BARBARA BROWN TAYLOR DIRECTOR 1.0 0.0 X 0 0 0 James W Thomas Jr DIRECTOR 1.0 0.0 X 0 0 0 Heather Darden DIRECTOR 1.0 0.0 X 0 0 0 Hon Marc Treadwell DIRECTOR 1.0 0.0 X 0 0 0 J Daniel Speight DIRECTOR 1.0 0.0 X 0 0 0 Raymond M Thad Warren III DIRECTOR 1.0 0.0 X 0 0 0 Thomas P Bishop DIRECTOR 1.0 0.0 X 0 0 0 Malcolm S Burgess Jr DIRECTOR 1.0 0.0 X 0 0 0 G Marshall Butler Sr DIRECTOR 1.0 0.0 X 0 0 0 Patricia Ann Bridges Dash DIRECTOR 1.0 0.0 X 0 0 0 Dwight J Davis DIRECTOR 1.0 0.0 X 0 0 0 O Gene Gabbard DIRECTOR 1.0 0.0 X 0 0 0 Margaret Maggie Gill DIRECTOR 1.0 0.0 X 0 0 0 W Carl Reynolds DIRECTOR 1.0 0.0 X 0 0 0 Holly McCorkle Jones DIRECTOR 1.0 0.0 X 0 0 0 Ashley Amos Copelan DIRECTOR 1.0 0.0 X 0 0 0 James NDockHollingsworthJr DIRECTOR 1.0 0.0 X 0 0 0 William J Ireland Jr DIRECTOR 1.0 0.0 X 0 0 0 Genelle Jennings DIRECTOR 1.0 0.0 X 0 0 0 Julie Whidden Long DIRECTOR 1.0 0.0 X 0 0 0 Carolyn Townsend McAfee DIRECTOR 1.0 0.0 X 0 0 0 Hon Cynthia Cindy Morris DIRECTOR 1.0 0.0 X 0 0 0 Jerry S Wilson Jr DIRECTOR 1.0 0.0 X 0 0 0 Curtis G Anderson DIRECTOR 1.0 0.0 X 0 0 0 Benjamin W Benjy Griffith III DIRECTOR 1.0 0.0 X 0 0 0 William Anthony Tony Moye DIRECTOR 1.0 0.0 X 0 0 0 Richard A Doc Schneider DIRECTOR 1.0 0.0 X 0 0 0 James C Elder Jr DIRECTOR 1.0 0.0 X 0 0 0 J Reg Murphy DIRECTOR 1.0 0.0 X 0 0 0 David Linch DIRECTOR 1.0 0.0 X 0 0 0 Barbara Babs Baugh DIRECTOR 1.0 0.0 X 0 0 0 J Curtis Lewis III DIRECTOR 1.0 0.0 X 0 0 0 Thomas W Tommy Malone BOARD CHAIR - UNTIL 11/3/17 1.0 0.0 X X 0 0 0 WILLIAM UNDERWOOD PRESIDENT/PROFESSOR OF LAW 55.0 0.0 X X 347339 0 67670 AV ELLIOTT DIRECTOR 1.0 0.0 X 0 0 0 KELLIE APPEL SR VP - STRATEGIC INITIATIVES 55.0 0.0 X 203721 0 50551 LARRY BRUMLEY SR VP - MKTING COMM 55.0 0.0 X 225330 0 52748 DAVID DAVIS PROVOST/PROFESSOR 55.0 0.0 X 300197 0 71303 JULIA DAVIS AVP - FIN & TREASURER 55.0 0.0 X 156825 0 16903 PENNY ELKINS SR VP - ENROLLMENT MGMT/PROF. 55.0 0.0 X 267716 0 52388 JAMES NETHERTON EXEC VP-ADMIN & FIN. 55.0 0.0 X 315146 0 59000 JOHN PATTERSON SR VP-UNIV. ADV. 55.0 0.0 X 243876 0 66570 WILLIAM SOLOMON IV SR VP-GENERAL COUNSEL 55.0 0.0 X 236238 0 56140 DAVID BARWICK BUSINESS DEVELOPMENT STAFF 55.0 0.0 X 256097 0 65285 ANITA GUSTAFSON DEAN/PROFESSOR OF HISTORY 55.0 0.0 X 140984 0 41285 HEWITT MATTHEWS SR VP-HEALTH SCIENCES/PROF. 55.0 0.0 X 157032 0 42658 ANDREA MITCHELL EXECUTIVE DIRECTOR 55.0 0.0 X 226832 0 55795 JEAN SUMNER DEAN/PROFESSOR 55.0 0.0 X 395696 0 29350 WILLIAM BINA PROFESSOR 55.0 0.0 X 292189 0 57875 DAISY FLOYD PROFESSOR 55.0 0.0 X 297877 0 47826 JOHN HAWKINS ASSOCIATE PROFESSOR 55.0 0.0 X 494496 0 56350 JAMES HOFFMAN HEAD MEN'S BASKETBALL COACH 55.0 0.0 X 315449 0 72559 JEFFREY STEPHENS PROFESSOR/CHAIR-INTERNAL MED. 55.0 0.0 X 287353 0 65284 5160393 0 1027540 248 false true false SHERIDAN CO PO BOX 4441 MACON GA 31208 CONSTRUCTION 16915934 ARAMARK SERVICES INC CONNELL STUDENT CENTER MACON CAMPUS MAIL GA 31207 FOOD SERVICE 8392259 NATL MANAGEMENT RESOURCES CORP PO BOX 1224 LAGRANGE GA 30241 CLEANING SERVICE 3501610 GA POWER 96 ANNEX ATLANTA GA 30396 UTILITIES 3017534 EMERY ASSOCIATES 4025 PLEASANTDALE ROAD SUITE 460 ATLANTA GA 30340 CONSTRUCTION 2075431 114 120750 59086767 29094938 1703535 88302455 TUITION AND FEES 900099 233720252 233720252 AUXILIARY SERVICES 900099 40276862 40276862 273997114 7782841 -132255 7915096 73407 73407 0 352477 319627 32850 0 32850 32850 20708891 619487 16034315 2707880 4674576 -2088393 2586183 2586183 68875 120750 165071 -96196 -96196 0 0 0 615921 837129 -221208 -221208 MISCELLANEOUS 900099 1835110 1658092 177018 CONTRACTUAL PAYMENTS 900099 1850733 1850733 3685843 376143289 277505939 44763 10290132 1364624 1364624 83671919 83671919 0 0 5497835 3867725 1344803 285307 0 118985239 108391723 9071221 1522295 7100211 6479596 510197 110418 21632214 19741274 1554530 336410 7843224 7157702 563549 121973 0 354408 124236 230172 729030 729030 0 0 0 17013581 15688492 1149466 175623 1032735 970936 57266 4533 2999721 2727175 245152 27394 3428519 2287583 1119407 21529 26850 26850 697879 696679 1200 6811070 6374954 302328 133788 0 0 10836266 10836266 0 20326032 20326032 4981486 3758447 1223039 OPERATIONS & MAINTENANCE 17168946 16935624 229127 4195 TELEPHONE 2639613 2362869 226687 50057 INSTRUCTIONAL/LAB SUPPLIES/EQU 2905692 2900680 5012 PROGRAMS & EVENTS 3596417 2338401 1024579 233437 11301345 16222769 -5130985 209561 352944856 335252556 14455780 3236520 0 0 29803728 37130866 4315633 3548154 10004865 8618625 0 0 0 0 5421445 5315803 764450 810300 0 0 603056987 289496126 316708408 313560861 165617623 181489882 163829468 175255890 12673896 12540888 0 0 23852018 5586784 732991534 743858053 14126805 13301106 0 0 4025401 4237219 248817560 241132107 0 0 0 0 18582182 17281269 0 0 64150954 45316849 349702902 321268550 X 141872529 154582072 19212914 32181298 222203189 235826133 383288632 422589503 732991534 743858053 X 23198433 13499035 2603403 X false true X true true true X 66193166 79644460 76797917 86283552 88302455 397221550 0 0 66193166 79644460 76797917 86283552 88302455 397221550 1919773 395301777 5120244 5923702 5873916 6550868 8208725 31677455 0 7071605 5430815 4781397 4464507 4301764 26050088 454949093 1302570078 0.86889 0.85605 X false true false false false false true 220473 false false 220473 false false Schedule C, Part II-B, Line 1 Lobbying Expenses Mercer University retains two consultants, Hurt, Norton, & ASSOCIATES, INC. AND RM2 CONSULTANTS, TO PROMOTE LEGISLATION WHICH WOULD PROVIDE MERCER UNIVERSITY WITH FEDERAL FUNDS FOR USE OF VARIOUS UNIVERSITY PROJECTS AND PROGRAMS. ADDITIONALLY, A UNIVERSITY STAFF PERSON WORKED TO SECURE STATE APPROPRIATIONS. X 2 1 1 1 false 24.00 480 true 319135024 12590662 22797059 8541080 345981665 275593608 7195711 31313290 -5032415 319135024 251100662 3324432 -8961233 -30129747 275593608 256919032 4363594 -4454150 5727814 251100662 208286144 4942624 30767366 -12922898 256919032 0.31260 0.65210 0.03530 false false 18802797 18802797 435059317 181923982 253135335 134076 111173 22903 118496047 89567566 28928481 30564750 17893405 12671345 313560861 PERPETUAL TRUSTS 70889103 F HEDGED EQUITY FUNDS 34469726 F REAL ASSET FUNDS 34634911 F PRIVATE EQUITY FUNDS 12953901 F REMAINDER INTEREST TRUST 17049587 F MISCELLANEOUS INVESTMENTS 97258 F CASH AND CASH EQUIVALENTS 5161404 F 175255890 0 ADVANCES FROM FEDERAL GOVERNME 14502943 ASSET RETIREMENT OBLIGATION 4890176 INTEREST RATE SWAP 1125114 ANNUITY OBLIGATIONS 6279093 POST RETIREMENT BENEFITS 995992 CAPITAL LEASES OBLIGATIONS 351427 ADVANCES FROM STATE GOVERNMENT 14000000 DUE TO RELATED ENTITY 419784 OTHER 2752320 45316849 X Schedule D, Part II, Line 9 Conservation Easements: When Mercer University received the funds for the Grand Opera House, they were reported as auxiliary revenue and auxiliary expenses. Funds spent on capital items were reported on the balance sheet as a building renovation. Funds received for the Hardeman building were recorded as private gifts/grants and operations expenses. Funds spent on capital items were reported on the balance sheet as a building renovation. There is no footnote describing Mercer University's accounting for conservation easements in the audited financial statements for the year ended June 30, 2018. Schedule D, Part V, Line 4 Endowment Funds: The corpus is held in perpetuity. The earnings (unrealized, realized, and earnings) are used to pay investment fees for the individual funds, pay the investment advisor, and fund the annual approved spending allocation. The spending allocation funds the specific expense for which the donor provided the endowment fund. Schedule D, Part X, Line 2 FIN 48 (ASC 740) Footnote: The University is recognized as an organization exempt from federal income tax under Section 501(a) of the Code as an organization described in Section 501(c)(3) whereby only unrelated business income, as defined by Section 512(a)(1) of the Code, is subject to federal income tax. The University's management has reviewed its tax positions and determined that it does not have material unrecognized tax positions that should be reflected in the financial statements for 2018 or 2017. true true true true true true true false false false false false false false false true false true SCHEDULE E - EXPLANATION FOR LINE 3 Mercers job announcements indicate that we are an Affirmative Action/Equal Opportunity Employer. Mercers nondiscriminatory policy is publicly available on the Human Resources website. The direct link to the policy as well as a full notice of nondiscrimination statement is also posted on the job applicant website. SCHEDULE E - EXPLANATION FOR LINE 6A THE UNIVERSITY PARTICIPATES IN THE FOLLOWING PROGRAMS: FEDERAL PELL GRANTS, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS (FSEOG), FEDERAL DIRECT SUBSIDIZED AND UNSUBSIDIZED STAFFORD LOANS, FEDERAL PERKINS LOANS, HEALTH PROFESSIONS STUDENT LOANS, FEDERAL PARENT AND GRAD (PLUS) LOANS, OTHER VARIOUS FEDERAL LOAN PROGRAMS, FEDERAL TEACH GRANT, FEDERAL WORK STUDY PROGRAM, AND VETERANS EDUCATION PROGRAMS. THE UNIVERSITY ALSO RECEIVES VARIOUS FEDERAL GRANT AND CONTRACTS FOR ACADEMIC AND SCIENTIFIC RESEARCH. true Central America and the Caribbean Program Services STUDY ABROAD 26260 Middle East and North Africa Program Services STUDY ABROAD 25987 Europe (Including Iceland and Greenland) Program Services STUDY ABROAD 125204 East Asia and the Pacific Program Services STUDY ABROAD 12998 South America Program Services STUDY ABROAD 64697 Sub-Saharan Africa Program Services INTERNSHIP PROGRAM 28300 Central America and the Caribbean 8 Program Services MERCER ON MISSION 230624 East Asia and the Pacific 10 Program Services MERCER ON MISSION 433406 Europe (Including Iceland and Greenland) 2 Program Services MERCER ON MISSION 57808 Russia and the Newly Independent States 2 Program Services MERCER ON MISSION 64389 South America 12 Program Services MERCER ON MISSION 191592 South Asia 2 Program Services MERCER ON MISSION 27835 Sub-Saharan Africa 11 Program Services MERCER ON MISSION 342127 47 47 1631227 1631227 true false true true true false EXECUTIVE FORUM 50417 50417 50417 BASEBALL PITCH 48040 4200 43840 50487 4 91168 66133 25035 2088 62079 189625 120750 68875 2088 162983 165071 -96196 true The Design Group Inc 256 HONEYSUCKLE ROAD SUITE 13 DOTHAN AL 36305 581948440 33419 N/A N/A Engineering Services EMORY UNIVERSITY PO BOX 935084 OFFICE OF GRANTS CONTRACTS ATLANTA GA 31193 580566256 501(C)(3) 173480 N/A N/A RESEARCH HONEYWELL INTERNATIONAL 12001 STATE HWY 55 PLYMOUTH MN 55441 222640650 29955 N/A N/A Engineering Services JOHNS HOPKINS UNIVERSITY 12529 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 520595110 501(C)(3) 21044 N/A N/A Research Primestone Technologies Inc 11175 CICERO DRIVE SUITE 100 ALPHARETTA GA 30022 611746591 46010 N/A N/A ENGINEERING SERVICES QTEC INC 4955 CORPORATE DRIVE SUITE 300 HUNTSVILLE AL 35805 630972823 970466 N/A N/A Engineering Services REGENTS OF THE UNIV OF MINN PO BOX 1450 MINNEAPOLIS MN 55485 416007513 501(C)(3) 38152 N/A N/A Research Tom Brussat Engineering LLC 2412 BALLANTRAE CIRCLE CUMMING GA 30041 263159893 41260 N/A N/A ENGINEERING SERVICES 3 5 STUDENT FINANCIAL AID ASSISTANCE 5854 83671919 N/A N/A Schedule I, Part I, Line 2 Monitoring Use of Grants ASSISTANCE TO MERCER UNIVERSITY STUDENTS IN THE FORM OF SCHOLARSHIPS ARE AWARDED FOR THE PURPOSE OF AIDING WITH THE COST OF ATTENDING THE UNIVERSITY, I.E. FOR TUITION, HOUSING, AND MEALS. SCHOLARSHIPS ARE BASED ON ACADEMIC ACHIEVEMENT, NEED, AND OTHER DONOR REQUIREMENTS SUCH AS LOCATION OF RESIDENCE. MERCER UNIVERSITY HAS CRITERIA FOR THE ELIGIBILITY REQUIREMENTS NEEDED TO AWARD A SCHOLARSHIP. ACADEMIC SCHOLARSHIPS ARE BASED ON SAT SCORES AND GRADE POINT AVERAGES AND ARE AWARDED BY THE OFFICE OF ADMISSIONS. NEED BASED GRANTS ARE MADE BY THE OFFICE OF FINANCIAL PLANNING AND ARE MADE UTILIZING THE FEDERAL NEED FORMULA (FAFSA APPLICATION). STUDENTS MUST BE ENROLLED FULL-TIME TO RECEIVE UNIVERSITY SCHOLARSHIPS/GRANTS. GENERALLY SPEAKING, FAFSA DATA IS VERIFIED FOR STUDENTS WHO ARE SELECTED FOR VERIFICATION BY THE FEDERAL STUDENT AID PROGRAM. X X X true true X X false false false false false false false false false KELLIE APPEL SR VP - STRATEGIC INITIATIVES 203721 0 0 0 0 0 9675 0 40876 0 254272 0 0 0 LARRY BRUMLEY SR VP - MKTING COMM 225330 0 0 0 0 0 23000 0 29748 0 278078 0 0 0 DAVID DAVIS PROVOST/PROFESSOR 300197 0 0 0 0 0 27000 0 44303 0 371500 0 0 0 JULIA DAVIS AVP - FIN & TREASURER 156825 0 0 0 0 0 15732 0 1171 0 173728 0 0 0 PENNY ELKINS SR VP - ENROLLMENT MGMT/PROF. 267716 0 0 0 0 0 27000 0 25388 0 320104 0 0 0 JAMES NETHERTON EXEC VP-ADMIN & FIN. 315146 0 0 0 0 0 27000 0 32000 0 374146 0 0 0 JOHN PATTERSON SR VP-UNIV. ADV. 243876 0 0 0 0 0 24900 0 41670 0 310446 0 0 0 WILLIAM SOLOMON IV SR VP-GENERAL COUNSEL 236238 0 0 0 0 0 24300 0 31840 0 292378 0 0 0 WILLIAM UNDERWOOD PRESIDENT/PROFESSOR OF LAW 347339 0 0 0 0 0 27000 0 40670 0 415009 0 0 0 WILLIAM BINA PROFESSOR 292189 0 0 0 0 0 27000 0 30875 0 350064 0 0 0 DAISY FLOYD PROFESSOR 297877 0 0 0 0 0 27000 0 20826 0 345703 0 0 0 JOHN HAWKINS ASSOCIATE PROFESSOR 494496 0 0 0 0 0 27000 0 29350 0 550846 0 0 0 JAMES HOFFMAN HEAD MEN'S BASKETBALL COACH 315449 0 0 0 0 0 27000 0 45559 0 388008 0 0 0 JEFFREY STEPHENS PROFESSOR/CHAIR-INTERNAL MED. 287353 0 0 0 0 0 27000 0 38284 0 352637 0 0 0 DAVID BARWICK BUSINESS DEVELOPMENT STAFF 256097 0 0 0 0 0 26000 0 39285 0 321382 0 0 0 ANITA GUSTAFSON DEAN/PROFESSOR OF HISTORY 140984 0 0 0 0 0 14500 0 26785 0 182269 0 0 0 HEWITT MATTHEWS SR VP-HEALTH SCIENCES/PROF. 157032 0 0 0 0 0 16033 0 26625 0 199690 0 0 0 ANDREA MITCHELL EXECUTIVE DIRECTOR 226832 0 0 0 0 0 23393 0 32402 0 282627 0 0 0 JEAN SUMNER DEAN/PROFESSOR 395696 0 0 0 0 0 0 0 29350 0 425046 0 0 0 SCHEDULE J, PART I, LINE 1A HOUSING ALLOWANCE, PERSONAL SERVICES, AND CLUB DUES WILLIAM UNDERWOOD, MERCER UNIVERSITY PRESIDENT, RECEIVED A PROVISION OF HOUSING, INCLUDING CUSTODIAL SERVICES, FOR BUSINESS USE. NOT TREATED AS TAXABLE COMPENSATION. JAMES NETHERTON, EXECUTIVE VICE PRESIDENT OF ADMINISTRATION AND FINANCE, RECEIVED A CORPORATE MEMBERSHIP TO A SOCIAL CLUB. NOT TREATED AS TAXABLE INCOME. A PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY 581407780 2012-02-16 81211311 REFUNDING SERIES 1999A & 2003 false false false B PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY 581407780 2013-05-30 70350273 REFUNDING SERIES 2006A, 2006C & 20 false false false A 0 0 81211311 0 0 0 0 0 0 0 81211311 0 true false true true B 0 0 70350273 0 0 0 290049 0 0 12000000 58060224 0 true false true true A false false false false 0 false false false true B false false false false 0 false false false true A false true false false 0 false 0 false true B false true false false 0 false 0 false true A false B false X 5 10752 FMV X 437 FMV X 908 FMV X 71 1459219 FMV X 4 1600 FMV X FMV X 2 75650 FMV X ORGAN 1 56500 FMV X INSURANCE POLICY 1 87511 FMV X VACATION PACKAGE 10 10658 FMV X MISCELLANEOUS 1 300 FMV 3 false true true FORM 990, SCHEDULE M, QUESTION 32A USE OF THIRD PARTIES: MERCER UNIVERSITY USES THIRD PARTY STOCK BROKERS TO PROCESS NON-CASH CONTRIBUTIONS. Form 990, Part VI, Section A, Line 1a Voting Board Members The affairs of the Corporation are managed and controlled by a Board of Trustees, consisting of forty-five (45) regular members who serve for terms of five (5) years each. In addition, during the tax year beginning July 1, 2017 and ending June 30, 2018, there were two (2) Life Trustees serving on the Board of Trustees. The President of the University also serves as an ex officio member of the Board of Trustees. Each of these members of the Board of Trustees has the power to vote. During the intervals between meetings of the Board of Trustees, the Executive Committee possesses and may exercise all the powers of the Board in the management and direction of the business and affairs of the Corporation in all cases in which specific direction has not been given by the Board. The Bylaws of the Corporation provide that the Executive Committee shall consist of the Chairman of the Board and the President ex officio and not less than seven (7) additional members chosen from the membership of the Board. All of the members of the Executive Committee are voting members of the Board of Trustees. Form 990, Part VI, Section A, Line 1b Independent Board Members The President of the University, who serves as an ex officio voting member of the board of trustees, is compensated as an officer of the corporation, and is thus the only member of the corporation's governing body who is not considered to be "independent." Form 990, Part VI, Section B, Line 11B REVIEW OF FORM 990 Prior to filing, the Form 990 was reviewed in detail by the Executive Committee of the Board of Trustees, and a copy of the finalized Form 990 was then distributed to all members of the Board of Trustees prior to filing. form 990, part vi, section b, line 12c Monitor and Enforce Compliance with Written Conflict of Interest Policy At each annual meeting of the Board of Trustees, each Trustee, officer, and key employee of the University is required (a) to review the institution's Conflict of Interest Policy for Trustees, Officers, and Key Employees; (b) to disclose any possible personal, familial or business relationships that reasonably could give rise to a conflict of interest involving the University; and (c) to acknowledge by his or her signature that he or she is in accordance with the letter and spirit of the Conflict of Interest Policy. All Trustees, officers and key employees are required to list on a Disclosure Form for Trustees, Officers, and Key Employees those substantive relationships that they maintain (or members of their families maintain) with organizations that do business with the University, or that otherwise could be construed to potentially affect their independent, unbiased judgment in light of their decision-making authority or responsibility. In the event a Trustee, officer or key employee is uncertain as to the appropriateness of listing a particular relationship, the Chair of the Board of Trustees and/or the President is consulted. They, in turn, may elect to consult with legal counsel, the Executive Committee, or the Board of Trustees in executive session. These disclosure forms are collected by the Secretary of the Corporation, and copies are provided annually to the University's independent auditors. Trustees, officers, and key employees who have declared or been found to have a conflict of interest are required to refrain from participating in consideration of proposed transactions, unless for special reasons the Board or administration requests information or interpretation. Persons with conflicts are not allowed to vote or be present at the time of the vote on such transactions. Whenever the Board of Trustees holds a meeting at which (a) a Trustee's, officer's, or key employee's financial interest in a matter is disclosed, (b) a determination regarding the existence of a conflict of interest is made, or (c) a transaction or arrangement with respect to which a Trustee, officer, or key employee has a conflict of interest is considered, the Board's consideration of these issues is documented in the minutes of the meeting. In the interim between annual meetings, each Trustee, officer, and key employee has an ongoing obligation to notify the Board of Trustees promptly of any actual, apparent or potential conflict of interest as it arises. Form 990, Part VI, Section B, Line 15a & 15B DETERMINING COMPENSATION The Executive Committee of the Board of Trustees has established a Compensation Committee, comprised of the Chair of the Board of Trustees, the Chair of the Executive Committee, and the Chair of the Finance, Investment and Property Committee, each of whom is an independent voting member of the University's governing body. On an annual basis, the Compensation Committee establishes the compensation arrangements for the President of the University, and also reviews the compensation arrangements for each University officer and other key employee who is in a position to exercise substantial influence over the affairs of the University to ensure that such compensation arrangements are reasonable. In carrying out this process, the Compensation Committee obtains and relies upon appropriate comparability data and concurrently documents the basis for its deliberations and decisions. No person having a conflict of interest with respect to the compensation arrangement for any University officer or key employee is present during the discussion and approval of such compensation arrangements. FORM 990, PART VI, SECTION C, LINE 19 Making Governing Documents, Conflict of Interest Policy, and Financial Statements Available to the Public The University makes its governing documents (i.e., Articles of Incorporation and Bylaws) and its conflict of interest policy available to the general public by posting them on the institution's Web site (http://www.mercer.edu). On an annual basis, the University makes its audited financial statements available to the general public by continuing disclosure through the Electronic Municipal Market Access (EMMA) system of the Municipal Securities Rulemaking Board (MSRB) (http://emma.msrb.org). FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS CHANGE IN FV OF SPLIT INTEREST AGREEMENTS 227,879 CHANGE IN FV OF INTEREST RATE SWAPS 383,691 CHANGE IN VALUE OF BENEFICIAL INTERESTS IN TRUSTS 1,991,833 ------------ TOTAL 2,603,403 FORM 990, PART VI, SECTION A, LINE 2 FAMILY RELATIONSHIP MEMBERS OF THE BOARD CAROLYN T. MCAFEE AND J. THOMAS MCAFEE, III have a family relationship. MEMBERS OF THE BOARD NANCY GRACE AND DAVID LINCH have a family relationship. 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