2018-05-08T13:40:32-05:00 2017-06-30 580692043 MAULDIN & JENKINS LLC 200 GALLERIA PKWY SE STE 1700 ATLANTA GA 303395946 990 2016-07-01 580568698 OGLETHORPE UNIVERSITY INC OGLE 4042611441 4484 PEACHTREE ROAD NE ATLANTA GA 30319 NORMAN MCKAY VP FOR BUSINESS AND FINANCE 4043648322 2018-05-07 1 MARY JO ALEXANDER P00002534 7709558600 2018-04-17 2016 2022-09-23 18:48:47Z LAWRENCE SCHALL 4484 PEACHTREE ROAD NE ATLANTA GA 30319 93769562 0 X WWW.OGLETHORPE.EDU X 1835 GA INSTITUTION OF HIGHER EDUCATION 44 43 471 200 824 -17555 4570297 7592900 44058241 46319878 1070221 2708993 244042 374336 49942801 56996107 20394316 22188054 0 0 12161616 12926956 45928 88852 914059 13010519 13957257 45612379 49161119 4330422 7834988 92070802 97634004 20230472 17631658 71840330 80002346 X OGLETHORPE UNIVERSITY PROVIDES A SUPERIOR EDUCATION IN WHICH LIBERAL ARTS AND SCIENCES AND PROFESSIONAL PROGRAMS COMPLEMENT EACH OTHER IN A SMALL-COLLEGE ENVIRONMENT WITHIN A DYNAMIC URBAN SETTING. OGLETHORPE'S PROGRAMS EMPHASIZE INTELLECTUAL CURIOSITY, CLOSE COLLABORATION AMONG FACULTY AND STUDENTS, AND ENGAGED LEARNING IN RELEVANT FIELD EXPERIENCES. OGLETHORPE EDUCATES STUDENTS TO BE CITIZENS IN A GLOBAL WORLD, READIES THEM FOR RESPONSIBLE LEADERSHIP, AND EMPOWERS THEM TO PURSUE MEANINGFUL LIVES AND PRODUCTIVE CAREERS. 0 0 33956452 22188054 37783230 INSTRUCTION - THE COST OF OFFERING THE ACADEMIC PROGRAMS. 6346431 7266743 STUDENT SERVICES - THE COSTS OF EXTRACURRICULAR AND STUDENT-ORIENTED SERVICES AND PROGRAMS DESIGNED TO ENHANCE THE LEARNING ENVIRONMENT. 3225449 1269905 AUXILIARY SERVICES, THE COSTS OF ACTIVITIES ASSOCIATED WITH THE SUPPORT OF THE CAMPUS AND RESIDENTIAL COMMUNITY. 43528332 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 76 0 1 471 1 1 1 0 0 0 0 0 0 0 0 0 X 44 43 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 GA X NORMAN MCKAY VP FOR BUSINESS AND FINANCE 4043648322 4484 PEACHTREE ROAD NE ATLANTA GA 30319 DR LAWRENCE M SCHALL PRESIDENT/EX-OFFICIO 60.00 X X 356575 0 39343 MR CAMERON M BREADY TRUSTEE 1.00 X 0 0 0 MR M JOHN BRETON III TRUSTEE 1.00 X 0 0 0 MR RICARDO C CARVALHO TRUSTEE 1.00 X 0 0 0 MR ANIL T CHERIYAN TRUSTEE 1.00 X 0 0 0 DR RUSS CHURCHWELL TRUSTEE 1.00 X 0 0 0 MR BRIAN DAVIS TRUSTEE 1.00 X 0 0 0 MS CEREE EBERLY CHAIR 2.00 X X 0 0 0 MR NORMAN P FINDLEY TRUSTEE 1.00 X 0 0 0 MR KEVIN D FITZPATRICK JR TRUSTEE 1.00 X 0 0 0 MRS DIANNE GLENNIE TRUSTEE 1.00 X 0 0 0 MR JACK GUYNN TRUSTEE 1.00 X 0 0 0 MR HARALD HANSEN TRUSTEE 1.00 X 0 0 0 MR JAMES V HARTLAGE JR TRUSTEE 1.00 X 0 0 0 MR J CLEVELAND HILL TRUSTEE 1.00 X 0 0 0 MR LARRY L JOHNSON TRUSTEE 1.00 X 0 0 0 MR DAVID M LEONARD TRUSTEE 1.00 X 0 0 0 DR ISAAC MELAMED TRUSTEE 1.00 X 0 0 0 MR BOB T NANCE TRUSTEE 1.00 X 0 0 0 MR RD ODOM TRUSTEE 1.00 X 0 0 0 MR CODY L PARTIN TRUSTEE 1.00 X 0 0 0 MR DAVID R PASS TRUSTEE 1.00 X 0 0 0 MS ANITA PATTERSON TRUSTEE 1.00 X 0 0 0 MS S TAMMY PEARSON SECRETARY 2.00 X X 0 0 0 MR ROBERT E REISER TREASURER 2.00 X X 0 0 0 MR CLIFFORD ROBINSON TRUSTEE 1.00 X 0 0 0 MR CHRISTOPHER J RYLANDS TRUSTEE 1.00 X 0 0 0 MR BRIAN C SASS TRUSTEE 1.00 X 0 0 0 MRS DEAN DUBOSE SMITH TRUSTEE 1.00 X 0 0 0 MR MICHAEL K SZALKOWSKI TRUSTEE 1.00 X 0 0 0 REV DR G GILMAN WATSON TRUSTEE 1.00 X 0 0 0 MR JAMES WILLIAMS TRUSTEE 1.00 X 0 0 0 MR JAMES WINESTOCK TRUSTEE 1.00 X 0 0 0 MR KEVIN A WOOLF TRUSTEE 1.00 X 0 0 0 MRS JOSELYN BUTLER BAKER TRUSTEE 1.00 X 0 0 0 MR CLIFFORD L FOSTER TRUSTEE 1.00 X 0 0 0 MR D AUSTIN GILLIS TRUSTEE 1.00 X 0 0 0 MR JOSEPH LAWRENCE TRUSTEE 1.00 X 0 0 0 MR JAMES W LEWIS TRUSTEE 1.00 X 0 0 0 MR CEMAL OZGORKEY TRUSTEE 1.00 X 0 0 0 MR JOHN SHELNUTT TRUSTEE 1.00 X 0 0 0 MR TIMOTHY P TASSOPOULOS VICE-CHAIR 2.00 X X 0 0 0 MR NEIL TOFSKY TRUSTEE 1.00 X 0 0 0 MRS TRISHANDA TREADWELL TRUSTEE 1.00 X 0 0 0 MR NORMAN MCKAY VP FOR BUSINESS AND FINANC 40.00 X 151542 0 18292 DR GLENN SHARFMAN PROVOST & VP ACADEMIC AFFA 40.00 X 175617 0 28978 MS ROBYN FURNESS-FALLIN VP DEVELOPMENT & ALUMNI RE 40.00 X 192750 0 26978 MS LUCY LEUSCH VP ENROLLMENT & FINANCIAL 40.00 X 130203 0 21644 MS MICHELLE T HALL VP, CAMPUS LIFE 40.00 X 124365 0 14035 MR KEITH AUFDERHEIDE ASSOCIATE PROVOST 40.00 X 121806 0 17261 MR MICHAEL K RULISON PROFESSOR, PHYSICS 40.00 X 109736 0 33362 MR J TODD BENNETT VP UNIVERSITY COMMUNICATIO 40.00 X 104736 0 2832 1467330 0 202725 9 0 1 0 ARAMARK SERVICES 4484 PEACHTREE ROAD NE ATLANTA GA 30319 FOOD SERVICES 2318926 NATIONAL MGMT RESOURCES CORP 113 CORPORATE PARK EAST DR LAGRANGE GA 30241 PHYSICAL PLANT MAINT/CUSTODIAL SVC 1169080 G4S SECURE SOLUTIONS 1395 UNIVERSITY BLVD JUPITER FL 33458 SECURITY SERVICES 414747 OSAP 2001 JEFFERSON DAVIS HWY ARLINGTON VA 22202 STUDY ABROAD SERVICES 204700 TWG SOLUTIONS LLC 4330 GAINES RANCH LOOP AUSTIN TX 78735 RECRUITING/MARKETING SERVICES 201379 11 7592900 603072 7592900 TUITION AND FEES 611310 37783230 37783230 ROOM AND BOARD 611310 7266743 7266743 AUXILIARY AND FACILITY SERVICES 611310 1269905 1269905 46319878 879407 879407 38596701 36767115 1829586 1829586 1829586 7030 3587 3443 3443 18286 2753 15533 824 14709 MISCELLANEOUS 900099 355360 355360 355360 56996107 46319878 824 3082505 22188054 22188054 787855 289019 298084 200752 9848112 8085344 1452352 310416 501767 456609 45158 1039878 915092 72792 51994 749344 614462 127389 7493 7793 7793 165986 165986 88852 88852 195140 195140 1578905 1247336 331569 229960 165572 64388 410897 316391 45199 49307 687485 556863 123747 6875 1043717 981094 62623 636277 572650 19088 44539 144083 97977 11526 34580 554406 454613 99793 2131765 1748047 383718 264387 219441 44946 FOOD SERVICES 1958131 1899388 39162 19581 RECRUITMENT EXPENSE 933776 877749 46689 9338 REPAIRS AND MAINTENANCE 854366 34174 811648 8544 INSTRUCTION MATERIALS 373372 354703 18669 1786811 1453754 251269 81788 49161119 43528332 4718728 914059 1209050 1421279 2171638 6040785 1100587 1072484 15516 0 442820 482456 96229927 41300749 55418841 54929178 30444432 32057824 800650 1086077 161877 152435 305391 391486 92070802 97634004 2006935 1578199 2490323 2400305 12780000 12110000 813175 0 2140039 1543154 20230472 17631658 X 48057574 55285117 5783272 6388649 17999484 18328580 71840330 80002346 92070802 97634004 7834988 327028 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 455000 4425380 X X X X 0 0 30301222 164195 2651297 1391810 31724904 31005750 1015991 -582966 1137553 30301222 20803099 11143347 -65046 875650 31005750 19834785 127806 1714712 874204 20803099 18158769 2175754 317525 817263 19834785 0.41470 0.57770 0.00760 1 0 4539355 4539355 73257407 29332395 43925012 13623259 11968354 1654905 4809906 4809906 54929178 FMV OF INTEREST RATE SWAP 201071 ADVANCES FROM FEDERAL GOVERNMENT 632140 EARLY RETIREMENT LIABILITIES 108546 ACCRUED VACATION LIABILITIES 327601 OTHER LIABILITIES 273796 1543154 X 35138668 327028 327028 34811640 22184467 22184467 56996107 26976652 0 26976652 22184467 22184467 49161119 PART III, LINE 4: OGLETHORPE UNIVERSITY MUSEUM OF ART (OUMA) PERMANENT COLLECTION CURRENTLY NUMBERS MORE THAN 700 WORKS OF ART SPANNING OVER SEVEN CENTURIES. THE COLLECTION BOASTS PARTICULAR STRENGTH IN TWO DIVERSE AREAS - JAPANESE PORCELAIN RANGING FROM THE LATE 17TH CENTURY TO THE EARLY 20TH CENTURY AS WELL AS WORKS ON PAPER AND PAINTINGS FROM THE VARIOUS SCHOOLS OF 19TH AND EARLY 20TH CENTURY FRANCE. NOTABLE ARTISTS REPRESENTED IN THIS SECOND AREA OF STRENGTH INCLUDE BOUDIN, PISSARRO, LUCE, HUET, MAUFRA, GUYS, DELACROIX, COURBET AND MATISSE AMONG OTHERS. ADDITIONAL HOLDINGS OF THE PERMANENT COLLECTION INCLUDE WORKS BY NOTABLE AMERICAN ARTISTS OF THE 20TH CENTURY PAUL CORNOYER AND HATTIE SAUSSY. THE COLLECTIONS ARE MAINTAINED FOR ACADEMIC RESEARCH AS WELL AS PUBLIC EXHIBITION AND EDUCATION IN FURTHERANCE OF SUPPORT OF THE LIBERAL ARTS MANDATE OF THE UNIVERSITY, COMMUNITY OUTREACH, AND PUBLIC SERVICE. THE WORKS OF ART IN THE PERMANENT COLLECTION HAVE BECOME PART OF OGLETHORPE UNIVERSITY'S ENDOWMENT. AS SUCH THEY ARE A SIGNIFICANT INVESTMENT, CULTURAL ASSET, AND WHILE ALSO SUPPORTING THE CURRICULAR GOALS OF THE UNIVERSITY. THIS GOAL OF ACADEMIC SUPPORT IS FURTHER MET THROUGH THE NEWLY-ESTABLISHED SKYLIGHT STUDY CENTER. OUMA INCLUDES GALLERY ASSISTANT INTERNSHIPS, INDEPENDENT STUDY, AND WORK STUDY OPPORTUNITIES FOR STUDENTS. COLLABORATIVE PLANNING WITH FACULTY AND STAFF ALLOW FOR DIRECT COURSE DEVELOPMENT IN CONJUNCTION WITH EXHIBITIONS TO GIVE STUDENTS AN IMMERSIVE EXPERIENCE. OUMA IS A RARE ASSET ON CAMPUS, HELPING THE UNIVERSITY IN FULFILLING ITS GOAL TO PROVIDE A SUPERIOR LIBERAL ARTS EDUCATION. PART V, LINE 4: OGLETHORPE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 123 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. PART X, LINE 2: THE UNIVERSITY QUALIFIES AS A TAX-EXEMPT ORGANIZATION AS DESCRIBED IN INTERNAL REVENUE CODE SECTION 501(C)(3) AND HAS BEEN CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE UNIVERSITY. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE UNIVERSITY'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN THE OPINION OF MANAGEMENT, THE UNIVERSITY HAD NO SIGNIFICANT UNRELATED BUSINESS TAXABLE INCOME DURING 2017. ACCORDINGLY, NO PROVISION OR BENEFIT FOR FEDERAL AND STATE INCOME TAXES HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE UNIVERSITY BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF STUDENT ASSISTANCE TO FUNCTIONAL EXPENSE 22,188,054. RECLASS OF DIRECT GAMING EXPENSES AGAINST REVENUES -3,587. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF STUDENT ASSISTANCE EXPENSE FROM REVENUE 22,188,054. RECLASS OF DIRECT GAMING EXPENSES AGAINST REVENUES -3,587. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 X X X X X X 1 COXE CURRY & ASSOCIATES 191 PEACHTREE ST NE 450 ATLANTA GA 30303 CAMPAIGN ADVISORY SERVICES 0 0 84521 -84521 84521 -84521 GA 1 ACADEMIC SCHOLARSHIPS 1050 22188054 PART I, LINE 2: SCHOLARSHIPS GIVEN ARE A COMBINATION OF MERIT AID AND NEED-BASED AID. MERIT BASED SCHOLARSHIPS RECOGNIZE ACHIEVEMENT IN ACADEMICS AND THE POTENTIAL TO CONTRIBUTE TO CAMPUS LIFE. OVER 80% OF APPLICANTS TO THE UNIVERSITY TYPICALLY QUALIFY FOR SOME SORT OF MERIT AWARD. NEED-BASED AWARDS ARE AVAILABLE TO FULL-TIME STUDENTS WHO DEMONSTRATE NEED AS DETERMINED BY THE FAFSA OR INTERNATIONAL STUDENT AID APPLICATION. THESE AWARDS ARE GRANTED IN CONJUNCTION WITH FEDERAL, STATE, PRIVATE OR INSTITUTIONAL ASSISTANCE AND CANNOT EXCEED STUDENT'S FINANCIAL NEED. THESE AWARDS ARE DETERMINED ANNUALLY BASED ON FAFSA DATA AND THE RESULTS OF THE STUDENT AID APPLICATIONS. X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 DR LAWRENCE M SCHALL PRESIDENT/EX-OFFICIO 307325 0 31250 0 18000 0 18550 0 20793 0 395918 0 0 0 MR NORMAN MCKAY VP FOR BUSINESS AND FINANC 151542 0 0 0 0 0 10610 0 7682 0 169834 0 0 0 DR GLENN SHARFMAN PROVOST & VP ACADEMIC AFFA 175617 0 0 0 0 0 12710 0 16268 0 204595 0 0 0 MS ROBYN FURNESS-FALLIN VP DEVELOPMENT & ALUMNI RE 185250 0 7500 0 0 0 9502 0 17476 0 219728 0 0 0 MS LUCY LEUSCH VP ENROLLMENT & FINANCIAL 130203 0 0 0 0 0 9385 0 12259 0 151847 0 0 0 PART I, LINE 1A THE PRESIDENT HAS USE OF A UNIVERSITY OWNED RESIDENCE AS A CONDITION OF HIS EMPLOYMENT TO PERFORM HIS DUTIES INTEGRALLY RELATED TO HIS RESPONSIBILITIES. THE UNIVERSITY PAYS FOR THE PRESIDENT'S HEALTH CLUB DUES. PART I, LINE 4B 457F PLAN: DR. LAWRENCE SCHALL CONTRIBUTED $15,500 A DEVELOPMENT AUTHORITY BONDS SERIES 2012 581500666 240463FE4 2012-10-31 6000000 CONSTRUCTION OF STUDENT CENTER 0 0 0 B DEVELOPMENT AUTHORITY BONDS SERIES 2004 581500666 240463HC6 2004-10-01 10000000 CONSTRUCTION OF STUDENT DORMITORY FACILITY 0 0 0 A 1080000 6000000 112565 5887435 2013 1 0 1 0 B 2510000 9700000 45000 9655000 2005 0 0 1 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 A 1 B 1 X 3 455000 QUALIFIED APPRAISAL X 9 148072 FMV 0 0 1 1 PART I, COLUMN (B): NUMBER OF CONTRIBUTORS PART I, LINE 32B: THE ORGANIZATION USES THIRD PARTIES TO SELL NON-CASH CONTRIBUTIONS SUCH AS DONATIONS OF STOCK. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FORM 990 BEING FILED, A COPY IS MADE AVAILABLE TO ALL MEMBERS OF THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES, AND THE AUDIT COMMITTEE REVIEWS FORM 990, APPROVES, AND RECOMMENDS APPROVAL BY THE FULL BOARD. ALSO PRIOR TO FILING AND PRIOR TO THE FULL BOARD APPROVING THE FORM 990, A PUBLIC INSPECTION VERSION OF FORM 990 IS MADE AVAILABLE TO ALL MEMBERS OF THE BOARD OF TRUSTEES. THE NAMES AND ADDRESSES OF CONTRIBUTORS ARE OMMITTED FROM SCHEDULE B IN THE PUBLIC INSPECTION VERSION, OTHERWISE IT IS IDENTICAL TO THE FILED VERSION OF FORM 990. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS ARE ASKED TO ANNUALLY SIGN A CONFLICT OF INTEREST AGREEMENT. BOARD MEMBERS ARE ASKED TO DISCLOSE ANY CONFLICTS. CONFLICTS THAT DO ARISE ARE USUALLY RESOLVED BY ASKING A BOARD MEMBER TO RECUSE FROM VOTING OR SOME OTHER ARRANGEMENT DETERMINED BY THE BOARD CHAIR. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES APPROVE THE CABINET POSITION SALARIES WHICH INCLUDES POSITIONS SUCH AS THE PRESIDENT AND VICE PRESIDENTS OF THE UNIVERSITY AND KEY EMPLOYEES. SALARIES ARE COMPARED TO INDEPENDENT DATA AT NACUBO. FORM 990, PART VI, SECTION C, LINE 19 OGLETHORPE UNIVERSITY DOES NOT MAKE ANY OF THESE DOCUMENTS PUBLIC. THE FINANCIAL INFORMATION CAN BE OBTAINED THROUGH THE FORM 990. THE FORM 990 IS AVAILABLE UPON REQUEST AT OGLETHORPE UNIVERSITY. PART XII, LINE 2C NO CHANGES HAVE BEEN MADE TO THE PROCESS OF AUDITOR SELECTION, NOR REVIEW OF AUDITED FINANCIAL STATEMENTS.