2016-05-12T16:32:47-05:00 2015-06-30 KPMG LLP 300 North Greene Street Suite 400 Greensboro NC 27401 990 2014-07-01 580566243 SPELMAN COLLEGE % ROBERT D FLANIGAN JR SPEL 4046813643 350 SPELMAN LANE SW ATLANTA GA 30314 ROBERT FLANIGAN VP BUSINESS & FINANCE 4042705072 2016-05-11 true ALLISON H FRANKLIN P00448640 3362753394 2014 2016-08-17 19:52:53Z Mary Schmidt Campbell 350 SPELMAN LANE SW ATLANTA GA 30314 192705000 false X WWW.SPELMAN.EDU X 1881 GA SPELMAN COLLEGE, A HISTORICALLY BLACK COLLEGE AND GLOBAL LEADER IN THE EDUCATION OF WOMEN OF AFRICAN DESCENT, IS DEDICATED TO THE ACADEMIC EXCELLENCE OF ITS STUDENTS. 27 25 1502 630 -4240 -10522 26128813 20391174 69586965 71787867 30340866 44273434 964918 1066804 127021562 137519279 16180166 17811181 0 0 46663192 48348962 85990 50984 4125227 39617263 45281396 102546611 111492523 24474951 26026756 570973593 565729276 106908416 106504889 464065177 459224387 X SPELMAN COLLEGE, A HISTORICALLY BLACK COLLEGE AND GLOBAL LEADER IN THE EDUCATION OF WOMEN OF AFRICAN DESCENT, IS DEDICATED TO ACADEMIC EXCELLENCE IN THE LIBERAL ARTS AND SCIENCES, AND THE INTELLECTUAL, CREATIVE, ETHICAL AND LEADERSHIP DEVELOPMENT OF ITS STUDENTS. SPELMAN EMPOWERS THE WHOLE PERSON TO ENGAGE THE MANY CULTURES OF THE WORLD AND INSPIRES A COMMITMENT TO POSITIVE SOCIAL CHANGE. false false 45328540 17754268 51170750 INSTRUCTION FOUNDED IN 1881, SPELMAN COLLEGE IS A PRIVATE, NONPROFIT INSTITUTION OF HIGHER EDUCATION BASED IN ATLANTA, GEORGIA. THE COLLEGE IS ACCREDITED BY THE COMMISSION ON COLLEGES OF THE ASSOCIATION OF COLLEGES AND SCHOOLS AND PROVIDES QUALITY LIBERAL ARTS EDUCATION AND TRAINING SERVICES FOR APPROXIMATELY 2,100 UNDERGRADUATE STUDENTS. IN ADDITION, THE COLLEGE MAINTAINS SPECIAL PROGRAMS SUCH AS CONTINUING EDUCATION, SUMMER SCIENCE AND DUAL DEGREES IN ENGINEERING. 14468335 20617117 AUXILIARY ENTERPRISES AS A RESIDENTIAL LIBERAL ARTS COLLEGE, SPELMAN COLLEGE PROVIDES ON CAMPUS HOUSING FOR APPROXIMATELY 1,400 STUDENTS. SPELMAN ALSO PROVIDES DINING SERVICES TO ITS RESIDENTIAL STUDENTS, AS WELL AS COMMUTER STUDENTS, FACULTY, STAFF AND OTHERS. SPELMAN OPERATES A 500 SPACE PARKING DECK FOR FACULTY, STAFF, AND STUDENTS. ADDITIONALLY, SPELMAN OFFERS A VARIETY OF SUMMER CONFERENCES FOR HIGH SCHOOL STUDENTS AND OTHER INTERESTED STUDENTS. 3905222 RESEARCH SPELMAN COLLEGE PERFORMS RESEARCH, TRAINING AND OTHER SIMILAR SERVICES UNDER GRANTS WITH GOVERNMENTAL AGENCIES OR SPONSORING ORGANIZATIONS. 420729 PUBLIC SERVICE 7902675 ACADEMIC SUPPORT 11286459 STUDENT SERVICES 3999795 RETURN OF GIFT 23609658 87311755 true true false true false false false true false true true true false false true true false true true false true false false true false false false true true true true false false false false false false false false false false true false false false false true true false false false true 4622 0 true 1502 true true true false false false false false false false false false false X 27 25 false false false false false false false true true false false true true true true true true true true false GA NY X ROBERT D FLANIGAN JR 4042705072 350 SPELMAN LANE SW ATLANTA GA 30314 WALTER R ALLEN TRUSTEE 2.0 0.0 X 0 0 0 CLAIRE ARNOLD TRUSTEE 2.0 0.0 X 0 0 0 THEODORE R ARONSON TRUSTEE 2.0 1.0 X 0 0 0 ROSALIND G BREWER CHAIR 2.0 0.0 X X 0 0 0 MARY BROCK TRUSTEE 2.0 0.0 X 0 0 0 JANINE BROWN TRUSTEE 2.0 0.0 X 0 0 0 THOMAS H CASTRO TRUSTEE 2.0 0.0 X 0 0 0 DONALD COLEMAN TRUSTEE 2.0 0.0 X 0 0 0 KIMBERLY B DAVIS SECRETARY 2.0 0.0 X X 0 0 0 MARY LYNNE DIGGS TRUSTEE 2.0 0.0 X 0 0 0 EVELYNN M HAMMONDS TRUSTEE 2.0 0.0 X 0 0 0 CYNTHIA E JACKSON TRUSTEE 2.0 0.0 X 0 0 0 RICHARD D LEGON TRUSTEE 2.0 0.0 X 0 0 0 GWENDOLYN ADAMS NORTON TRUSTEE 2.0 0.0 X 0 0 0 LOVETTE T RUSSELL TRUSTEE 2.0 0.0 X 0 0 0 SUZANNE F SHANK TRUSTEE 2.0 0.0 X 0 0 0 ESTHER SILVER-PARKER TRUSTEE 2.0 0.0 X 0 0 0 CYNTHIA NEAL SPENCE FACULTY TRUSTEE 35.0 0.0 X 105819 0 13889 RONDA E STRYKER VICE CHAIR 2.0 0.0 X X 0 0 0 BEVERLY DANIEL TATUM COLLEGE PRESIDENT 35.0 0.0 X X 386577 0 113940 KATHY WALLER TRUSTEE 2.0 0.0 X 0 0 0 CELESTE WATKINS-HAYES VICE CHAIR 2.0 0.0 X X 0 0 0 Pamela Joseph TRUSTEE 2.0 0.0 X 0 0 0 Gena Hudgins Ashe TRUSTEE 2.0 0.0 X 0 0 0 Kaye Foster-Cheek TRUSTEE 2.0 0.0 X 0 0 0 Mya Harvard TRUSTEE 2.0 0.0 X 0 0 0 MICHAEL CARTER TRUSTEE 2.0 0.0 X 0 0 0 ROBERT D FLANIGAN JR VP BUSINESS&FINANCE/TREASURER 35.0 15.0 X 318747 0 25361 JOHNNELLA BUTLER PROVOST 35.0 0.0 X 229657 0 23077 ELOISE ALEXIS VP FOR COLLEGE RELATIONS 35.0 0.0 X 158264 0 18409 KASSANDRA JOLLEY VP FOR DEVELOPMENT 35.0 0.0 X 217646 0 22624 DELORES BARTON VP & CHIEF INFORMATION OFFICER 35.0 0.0 X 162247 0 18946 DARNITA KILLIAN VP FOR STUDENT AFFAIRS 35.0 0.0 X 168873 0 19480 INGRID HAYES VP FOR ENROLLMENT MANAGEMENT 35.0 0.0 X 158433 0 18685 GLORIA WADE-GAYLES PROFESSOR 35.0 0.0 X 141816 0 16657 MYRA BURNETT INTERIM PROVOST 35.0 0.0 X 160122 0 18377 ARTHUR FRAZIER DIR FACILITIES MANAGEMENT 35.0 0.0 X 134003 0 16573 RHONDA HONEGAN DIR OF INVESTMENTS 35.0 0.0 X 144872 0 17639 RASHEED TOGUNDE ASSOC PROV FOR GLOBAL EDU 35.0 0.0 X 132620 0 16317 2619696 0 359974 41 false true false BRASFIELD GORRIE LLC 1990 VAUGHN RD NW KENNESAW GA 30144 CONSTRUCTION 4211224 ARAMARK DINING SVCS CAMPUS BOX 1109 350 SPELMAN LANE SW ATLANTA GA 60673 FACILITY SERVICES 4140074 CHESAPEAKE ASSET MANAGEMENT LLC ONE ROCKEFELLER PLAZA SUITE 2321 NEW YORK NY 10020 INVESTMENT MANAGERS 1082746 SIEMENS INDUSTRY INC 1745 CORPORATE DRIVE STE 240 NORCROSS GA 30093 MECHANICAL SERVICES 912932 FOLLET HIGHER EDUCATION GROUP 3146 SOLUTIONS CENTER CHICAGO IL 60677 EDUCATION 767723 22 891000 6477913 13022261 264783 20391174 TUITION AND FEES 900099 51170750 51170750 AUXILIARY ENTERPRISES 900099 20617117 20617117 71787867 3704229 -4240 3708469 0 0 0 0 0 95754926 51396067 3789654 44358859 -3789654 40569205 40569205 0 0 0 OTHER MISCELLANEOUS 900099 1066804 1066804 1066804 137519279 72854671 -4240 44277674 56913 56913 17754268 17754268 0 0 2161872 865719 893669 402484 0 35802714 27724790 6207745 1870179 1613119 1214816 301514 96789 6090156 4586407 1138332 365417 2681101 2019098 501134 160869 0 633655 633655 276674 276674 51326 51326 50984 50984 1600398 1000 1599398 6400503 5002060 1251605 146838 0 3618496 2599695 758135 260666 0 0 4006186 3476380 529806 2106889 1435684 402900 268305 0 0 2443846 1352599 1091247 0 4912812 4496738 416074 1547354 1370905 176449 CLEANING EXPENSES 1265653 1076293 189360 AUC LIBRARY 2769403 2413754 355649 REPAIRS AND MAINTENANCE 2760810 1870996 880733 9081 SPECIAL PROJECTS 3749209 2516199 802941 430069 7138182 5477441 1597195 63546 111492523 87311755 20055541 4125227 0 0 23318260 21031644 16244087 9041776 1854068 1521055 0 0 0 0 0 0 0 0 0 0 271354827 103014081 158635322 168340746 51437468 45426242 315599229 317560163 1511279 1483478 0 0 2373880 1324172 570973593 565729276 11563156 12666832 0 0 1237027 1518885 91844346 90302364 0 0 0 0 0 0 640829 427220 1623058 1589588 106908416 106504889 X 127828885 140787597 215449658 198622874 120786634 119813916 464065177 459224387 570973593 565729276 X 26026756 -30857467 -10079 X false true X true true true X 22938786 34477104 23251965 26128813 20391174 127187842 0 0 22938786 34477104 23251965 26128813 20391174 127187842 17557012 109630830 3623719 3747562 7071657 3646988 3704229 21794155 0 869629 1035806 1096591 964918 1066804 5033748 154015745 334071808 0.71182 0.72569 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 51326 51326 false SCHEDULE C, PART II-B, QUESTION 1I OTHER ACTIVITIES SPELMAN COLLEGE RETAINS A CONSULTANT, PREVIOUSLY POLSINELLI SHUGHART PC, NOW THE ESTELL GROUP, TO PROMOTE LEGISLATION WHICH WOULD PROVIDE SPELMAN COLLEGE WITH FEDERAL FUNDS FOR USE ON VARIOUS COLLEGE PROJECTS AND PROGRAMS. POLSINELLI SHUGHART PC AND THE ESTELL GROUP WERE PAID $27,996 AND $23,330 FOR THEIR SERVICES. X X X X X Curriculum enhancement & develop. true 368648473 3027282 17084644 0 23731064 365029335 328779797 2010658 56724046 0 18866028 368648473 310081185 3526371 34925196 0 19752955 328779797 332285750 1607182 -2990194 0 20821553 310081185 304160522 1281477 47000450 0 20156699 332285750 0.17000 0.32820 0.50180 false true true 14687723 14687723 188462103 64505434 123956669 27677019 25587388 2089631 40527982 12921259 27606724 168340747 SHORT-TERM INVESTMENTS 10082161 F FIXED INCOME 22141976 F NON U.S. EQUITY 39962598 F MARKETABLE ALTERNATIVES 81750899 F REAL ASSETS 28283930 F PRIVATE EQUITY 135338599 F 317560163 0 ADVANCES FROM FEDERAL GOVERNMENT 1589588 1589588 X 88897465 -30857467 -30857467 119754932 17764347 17764347 137519279 93728255 93728255 17754268 17754268 111482523 SCHEDULE D, PART III, LINE 1A SFAS 116 THE ORGANIZATION ELECTED, AS PERMITTED UNDER SFAS 116, NOT TO REPORT IN ITS REVENUE STATEMENT AND BALANCE SHEET WORKS OF ART, HISTORICAL TREASURES, OR OTHER SIMILAR ASSETS HELD FOR PUBLIC EXHIBITION, EDUCATION, OR RESEARCH IN FURTHERANCE OF PUBLIC SERVICE. THERE IS NO FINANCIAL STATEMENT FOOTNOTE DISCLOSURE THAT DESCRIBES THESE ITEMS. SCHEDULE D, PART V, QUESTION 4 INTENDED USES OF ORGANIZATION'S ENDOWMENT FUNDS INVESTMENT IN A MIX OF SECURITIES TO PROVIDE SUFFICIENT INCOME TO SUPPORT THE COLLEGE'S OPERATIONS IN ACCORDANCE WITH DONOR WISHES, WHILE PRESERVING EQUITY. SCHEDULE D, PART III, LINE 4 ART COLLECTION THE COLLEGE'S PERMANENT COLLECTION OF ART -- INCLUDING HISTORICALLY SIGNIFICANT PAINTINGS, SCULPTURE, AND WORKS ON PAPER -- IS AN ACADEMIC RESOURCE THAT OFFERS STUDENTS, FACULTY, AND STAFF FIRST-HAND ENGAGEMENT WITH IMPORTANT ORIGINAL WORKS OF ART. OBJECT LESSONS, WORKSHOPS, CONSERVATION PROJECTS, EXHIBITIONS, AND THEMATIC PROGRAMS DEMONSTRATE THE VARIOUS WAYS THAT THE PERMANENT HOLDINGS ARE USED TO EXPAND, COMPLEMENT, AND ENHANCE THE ACADEMIC CURRICULUM. SCHEDULE D, PART X, LINE 2 FIN 48 (ASC 740) FOOTNOTE THE COLLEGE IS RECOGNIZED AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE (THE CODE) AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3), WHEREBY ONLY UNRELATED BUSINESS INCOME, AS DEFINED BY SECTION 512(A) OF THE CODE, IS SUBJECT TO FEDERAL INCOME TAX. THE COLLEGE REVIEWS ITS TAX POSITIONS ANNUALLY AND HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS AT JUNE 30, 2015 AND 2014. SCHEDULE D, PART XI, LINE 4B CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 10,079 STUDENT AID RECLASS 17,754,268 ------------ TOTAL 17,764,347 ============ SCHEDULE D, PART XII, LINE 4B STUDENT AID RECLASS 17,754,268 true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 RACIALLY NONDISCRIMINATORY POLICY A STATEMENT OF THE COLLEGE'S RACIALLY NON-DISCRIMINATORY POLICY IS INCLUDED IN ALL BROCHURES AND CATALOGS IN ACCORDANCE WITH THE PROVISIONS OF REV. PROC. 75-50. SCHEDULE E, LINE 6A FINANCIAL AID ASSISTANCE FROM GOVERNMENTAL AGENCY THE FINANCIAL AID ASSISTANCE IS RECEIVED FROM THE FEDERAL GOVERMENT, STATE OF GEORGIA, AND OTHER STATES. OTHER ASSISTANCE IS RECEIVED FROM FEDERAL GOVERNMENT, STATE OF GEORGIA, AND CITY OF ATLANTA. true Central America and the Caribbean Program Services STUDY ABROAD 18250 East Asia and the Pacific Program Services STUDY ABROAD 40970 Europe (Including Iceland and Greenland) Program Services STUDY ABROAD 58067 South America Program Services STUDY ABROAD 30942 148229 148229 true false true true false false SCHEDULE F, PART I, LINE 2 STUDENT FINANCIAL AID STUDENT FINANCIAL AID AWARDS ARE AWARDED TO STUDENTS BY THE COLLEGE'S OFFICE OF STUDENT FINANCIAL SERVICES. AWARDS ARE BASED ON A NUMBER OF FACTORS INCLUDING, BUT NOT LIMITED TO, SCHOLARLY ACHIEVEMENT, DEMONSTRATED FINANCIAL NEED, AND ACADEMIC INTERESTS. FUNDS ARE PROVIDED BY SOURCES SUCH AS FEDERAL AND STATE GOVERNMENTS; PRIVATE DONORS SUCH AS CORPORATIONS, INDIVIDUALS AND FOUNDATIONS; THE COLLEGE'S ENDOWED FINANCIAL AID FUNDS; AND THE COLLEGE'S OPERATING BUDGET. FINANCIAL AID AWARDS ARE MADE UP TO A LIMIT OF THE STUDENT'S FINANCIAL NEED. INDIVIDUAL AWARDS ARE MONITORED EXTENSIVELY IN ORDER TO ENSURE THAT STUDENTS ARE MAKING SATISFACTORY ACADEMIC PROGRESS AND THAT THEY DO NOT RECEIVE MORE THAN THEIR DEMONSTRATED NEED. ADJUSTMENTS ARE MADE WHEN APPROPRIATE. X X X true COXE CURRY ASSOCIATES FUNDRAISING CAMPAIGN false 29719 WASHBURN MCGOLDRICK INC CAMPAIGN CONSULTANTS false 21265 50984 true GADSDEN STATE COMMUNITY COLLEGE 1001 George Wallace Dr Gadsden AL 35903 630501425 14336 N/A N/A SUB-CONTRACT WHOLISTIC STRESS CONTROL INSTITUTE INC 2545 BENJAMIN E MAYS DR SW ATLANTA ATLANTA GA 30311 581786170 501(c)(3) 42577 N/A N/A SUB-CONTRACT 2 STUDENT FINANCIAL AID 1747 17754268 N/A N/A Schedule I, Part I, LINE 2 AND PART III STUDENT FINANCIAL AID STUDENT FINANCIAL AID AWARDS ARE AWARDED TO STUDENTS BY THE COLLEGE'S OFFICE OF STUDENT FINANCIAL SERVICES. AWARDS ARE BASED ON A NUMBER OF FACTORS INCLUDING, BUT NOT LIMITED TO, SCHOLARLY ACHIEVEMENT, DEMONSTRATED FINANCIAL NEED, AND ACADEMIC INTERESTS. FUNDS ARE PROVIDED BY SOURCES SUCH AS FEDERAL AND STATE GOVERNMENTS; PRIVATE DONORS SUCH AS CORPORATIONS, INDIVIDUALS AND FOUNDATIONS; THE COLLEGE'S ENDOWED FINANCIAL AID FUNDS; AND THE COLLEGE'S OPERATING BUDGET. FINANCIAL AID AWARDS ARE MADE UP TO A LIMIT OF THE STUDENT'S FINANCIAL NEED. INDIVIDUAL AWARDS ARE MONITORED EXTENSIVELY IN ORDER TO ENSURE THAT STUDENTS ARE MAKING SATISFACTORY ACADEMIC PROGRESS AND THAT THEY DO NOT RECEIVE MORE THAN THEIR DEMONSTRATED NEED. ADJUSTMENTS ARE MADE WHEN APPROPRIATE. X X X true true X X X X X X false true false false false false false false false BEVERLY DANIEL TATUM COLLEGE PRESIDENT 368577 0 0 0 18000 0 74940 0 39000 0 500517 0 0 0 ROBERT D FLANIGAN JR VP BUSINESS&FINANCE/TREASURER 318747 0 0 0 0 0 15600 0 9761 0 344108 0 0 0 JOHNNELLA BUTLER PROVOST 229657 0 0 0 0 0 13961 0 9116 0 252734 0 0 0 ELOISE ALEXIS VP FOR COLLEGE RELATIONS 158264 0 0 0 0 0 9734 0 8675 0 176673 0 0 0 KASSANDRA JOLLEY VP FOR DEVELOPMENT 217646 0 0 0 0 0 13440 0 9184 0 240270 0 0 0 DELORES BARTON VP & CHIEF INFORMATION OFFICER 162247 0 0 0 0 0 9957 0 8989 0 181193 0 0 0 GLORIA WADE-GAYLES PROFESSOR 141816 0 0 0 0 0 8617 0 8040 0 158473 0 0 0 MYRA BURNETT INTERIM PROVOST 160122 0 0 0 0 0 9883 0 8494 0 178499 0 0 0 ARTHUR FRAZIER DIR FACILITIES MANAGEMENT 134003 0 0 0 0 0 8226 0 8347 0 150576 0 0 0 RHONDA HONEGAN DIR OF INVESTMENTS 144872 0 0 0 0 0 9200 0 8439 0 162511 0 0 0 DARNITA KILLIAN VP FOR STUDENT AFFAIRS 168873 0 0 0 0 0 10347 0 9133 0 188353 0 0 0 INGRID HAYES VP FOR ENROLLMENT MANAGEMENT 158433 0 0 0 0 0 9768 0 8917 0 177118 0 0 0 SCHEDULE J, PART I, LINE 1A HEALTH/SOCIAL CLUB DUES SOCIAL CLUB DUES WERE PAID FOR TATUM IN THE AMOUNT OF $2,555. THE VALUE OF THESE DUES WAS NOT TREATED AS TAXABLE COMPENSATION. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE HOUSING VALUED AT $29,035 WAS PROVIDED TO TATUM. THE VALUE OF THE HOUSING WAS NOT TREATED AS TAXABLE COMPENSATION. PERSONAL SERVICES A DRIVER WAS PROVIDED FOR TATUM. THE VALUE WAS NOT TREATED AS TAXABLE COMPENSATION. SCHEDULE J, PART I, LINE 4B PRESIDENT'S OTHER REPORTABLE COMPENSATION BEVERLY DANIEL TATUM'S OTHER REPORTABLE COMPENSATION REPORTED ON PART II, COLUMN B(III) IS COMPRISED OF $18,000, WHICH IS 457(B) DEFERRED COMPENSATION PAYABLE IN ACCORDANCE WITH HER EMPLOYMENT CONTRACT. ADDITIONALLY, RETIREMENT AND OTHER DEFERRED COMPENSATION REPORTED ON PART II, COLUMN C IS COMPRISED OF $59,340 WHICH IS 457(F) FORFEITABLE DEFERRED COMPENSATION PAYABLE IN ACCORDANCE WITH HER EMPLOYMENT CONTRACT. A DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 359900TAS 2007-03-21 64041214 SEE PART VI false false false B DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 2009-09-01 1500000 SEE PART VI false false false C DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 2009-09-01 6100000 SEE PART VI false false false D DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 3599002LO 2012-04-19 28349973 SEE PART VI false false false A 62455000 0 68883486 0 3777739 0 754073 0 0 54773104 9578570 0 2009 true false false true B 1200000 0 1500000 0 0 0 0 0 0 0 1500000 0 1999 true false true true C 2000000 0 6100000 0 0 0 0 0 0 0 6100000 0 2004 true false true true D 5205000 0 28349973 0 0 18272757 460658 0 0 0 9616557 0 2012 true true true true A false true true true false 0.00420 0.00420 false false false true B false false true true true true 0.02900 0.02900 false false false true C false false false false 0 false false false true D false false true true false 0 false false false true A true false false 0 true HYPE PUBLIC FINANCE 2.2 true false true B true true false 0 false 0 false true C true true false 0 false 0 false true D false true false false false false 0 false 0 false true A false B false C false D false DESCRIPTION OF PURPOSE SCHEDULE K, PART I, COLUMN F DEVELOPMENT AUTHORITY OF FULTON COUNTY: A- 1. CONSTRUCTION OF IMPROVEMENTS TO COLLEGE FACILITIES, INCLUDING A NEW DORMITORY AND CAMPUS INFRASTRUCTURE; 2007 PROCEEDS USED: $54,773,104. 2. CURRENT REFUNDING OF A PORTION OF PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY REVENUE BONDS (SPELMAN COLLEGE PROJECT), SERIES 1994, ISSUANCE DATE: JULY 21, 1994; PROCEEDS USED: $5,085,377. 3. CURRENT REFUNDING OF PROMISSORY NOTE, ISSUED NOVEMBER 17, 2004; 2007 PROCEEDS USED: $4,493,194. B- REISSUANCE OF DEVELOPMENT AUTHORITY OF FULTON COUNTY ADJUSTABLE RATE DEMAND REVENUE BONDS (SPELMAN COLLEGE PROJECT), SERIES 1996 (TREATED AS CURRENT REFUNDING); ISSUE DATE: DECEMBER 1, 1996. C- REISSUANCE OF DEVELOPMENT AUTHORITY OF FULTON COUNTY ADJUSTABLE RATE DEMAND REVENUE BONDS (SPELMAN COLLEGE PROJECT), SERIES 1999 (TREATED AS CURRENT REFUNDING); ISSUE DATE: NOVEMBER 19, 1999. D- 1. ADVANCE REFUNDING OF A PORTION OF PRIVATE COLLEGES AND UNIVERSITIES REVENUE BONDS (SPELMAN COLLEGE PROJECT) SERIES 2003; ISSUE DATE: JANUARY 30, 2003; PROCEEDS USED: $18,272,757 2. CURRENT REFUNDING OF PROMISSORY NOTE ISSUED OCTOBER 29, 2008; 2012 PROCEEDS USED: $6,440,526 3. CURRENT REFUNDING OF PROMISSORY NOTE; ISSUE DATE: FEBRUARY 28, 2010; 2012 PROCEEDS USED: $3,192,547 PRIVATE COLLEGES & UNIVERSITY AUTHORITY: A- 1. CONSTRUCTION, RENOVATIONS AND EQUIPPING OF COLLEGE FACILITIES; 2003 PROCEEDS USED: $23,660,980. 2. ADVANCE REFUNDING OF A PORTION OF PRIVATE COLLEGE AND UNIVERSITIES REVENUE BONDS (SPELMAN COLLEGE PROJECT), SERIES 1994, ISSUANCE DATE: JULY 21, 1994; 2003 PROCEEDS USED: $6,213,020. TOTAL PROCEEDS OF ISSUE SCHEDULE K, PART II, LINE 3 DEVELOPMENT AUTHORITY OF FULTON COUNTY: B - THIS WAS A REISSUANCE OF THE SERIES 1996 BONDS AND NO CASH PROCEEDS WERE GENERATED. THE REISSUANCE WAS TREATED AS A CURRENT REFUNDING. C - THIS WAS A REISSUANCE OF THE SERIES 1999 BONDS AND NO CASH PROCEEDS WERE GENERATED. THE REISSUANCE WAS TREATED AS A CURRENT REFUNDING. EXPLANATION OF VARIANCE SCHEDULE K, PART II, LINE 3 The Part I, Column (e) issue price does not agree with the Part II, line 3 Total proceeds of issue for certain bonds due to the inclusion of interest and other investment earnings on the proceeds accounts. SCHEDULE K, PART II, LINE 9 PRIVATE COLLEGES & UNIVERSITY AUTHORITY: A - TOTAL CAPITAL EXPENDITURES OF $24,835,937 INCLUDES CAPITALIZED INTEREST OF $1,174,957. B - TOTAL CAPITAL EXPENDITURES OF $58,550,843 INCLUDES CAPITALIZED INTEREST OF $3,777,739. SCHEDULE K, PART III, LINE 3C DEVELOPMENT AUTHORITY OF FULTON COUNTY: A, B, C AND D: BOND COUNSEL REVIEWS THIRD-PARTY CONTRACTS IN CONNECTION WITH THE ISSUANCE OF THE COLLEGE'S BONDS (WHICH HAVE OCCURRED IN 1988, 1994, 1996, 1999, 2003, 2007). PRIVATE COLLEGES & UNIVERSITIES AUTHORITY: A: BOND COUNSEL REVIEWS THIRD-PARTY CONTRACTS IN CONNECTION WITH THE ISSUANCE OF THE COLLEGE'S BONDS (WHICH HAVE OCCURRED IN 1988, 1994, 1996, 1999, 2003, 2007). A PRIVATE COLLEGES & UNIVERSITIES AUTHORITY 581407790 74265LQB7 2003-01-30 30800674 SEE PART VI false false false A 8950000 17010000 31540044 0 1174857 0 487968 0 0 23664199 6213020 0 2007 false true true true A false false true true false 0 false false false true A true false false 0 false 0 true true A false A DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 3599006W2 2015-04-21 60338401 SEE PART VI false false false A 0 0 60338401 0 0 0 655536 0 0 0 59682865 0 2017 false true A false false false false 0 false false false true A false true false false false false 0 false 0 false true A false X SEE PART II 9 264783 FMV false true true SCHEDULE M, PART I, QUESTIONS 25-27 OTHER NON-CASH CONTRIBUTIONS DONATIONS OF VARIOUS ITEMS: BIOLOGICAL EQUIPMENT, PROMOTIONAL ITEMS, AND MISCELLANEOUS. FAIR MARKET VALUED AT $264,783. SCHEDULE M, PART 1, QUESTION 32A THIRD PARTIES SPELMAN COLLEGE USES THIRD PARTY STOCK BROKERS TO PROCESS NON-CASH CONTRIBUTIONS. FORM 990, PART VI, SECTION B, QUESTION 11 FORM 990 REVIEW PROCESS A REPRESENTATIVE OF KPMG WILL PRESENT THE 990 TO THE BUDGET AND FINANCE COMMITTEE OF THE BOARD OF TRUSTEES. THE CHAIRMAN OF THE BUDGET AND FINANCE COMMITTEE WILL PRESENT THE DRAFT 990 TO THE FULL BOARD OF TRUSTEES. THE FINAL COPY OF THE 990 WILL BE PLACED ON THE TRUSTEES INTRANET FOR THEIR REVIEW PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, QUESTION 12C CONFLICT OF INTEREST POLICY EMPLOYEES ARE REQUIRED TO SIGN A CONFLICT OF INTEREST DISCLOSURE UPON THEIR INITIAL HIRING. THE COLLEGE HAS A WRITTEN CONFLICT OF INTEREST POLICY IN ITS EMPLOYEE HANDBOOK. IF HUMAN RESOURCES BECOMES AWARE OF A CONFLICT, THE EMPLOYEE IS NOTIFIED AND REQUIRED TO SUBMIT A CONFLICT OF INTEREST STATEMENT, WHICH IS FILED IN THE EMPLOYEE'S PERSONNEL FILE. ALL TRUSTEES, BOARD REPRESENTATIVES AND SENIOR TEAM MEMBERS MUST COMPLETE AND SIGN A CONFLICT OF INTEREST FORM ON AN ANNUAL BASIS. COMPLIANCE IS MONITORED AND A SUMMARY IS PROVIDED TO THE SECRETARY OF THE BOARD. FORM 990, PART VI, SECTION B, QUESTIONS 15A AND 15B PROCESS FOR DETERMINING COMPENSATION THE COMPENSATION OF THE COLLEGE'S PRESIDENT IS DETERMINED AS FOLLOWS: COMPARABILITY STUDIES ARE PERFORMED BY AN INDEPENDENT THIRD PARTY COMPENSATION CONSULTANT. IT IS THE COLLEGE'S GOAL THAT THE PRESIDENT'S COMPENSATION BE IN THE 50TH-75TH PERCENTILE OF THE COLLEGES AND UNIVERSITIES USED IN THE COMPARABILITY SURVEY. THE HUMAN RESOURCES COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THE RECOMMENDATIONS MADE BY THE COMPENSATION CONSULTANT AND MAKES A RECOMMENDATION TO THE FULL BOARD OF TRUSTEES. THE FULL BOARD OF TRUSTEES VOTES ON THE PRESIDENT'S COMPENSATION PACKAGE. WITH RESPECT TO OTHER OFFICERS AND KEY EMPLOYEES, THE COMPENSATION OF THESE INDIVIDUALS IS DETERMINED BY THE PRESIDENT. THE PRESIDENT RECOMMENDS THE COMPENSATION FOR THESE INDIVIDUALS. THE HUMAN RESOURCES COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS AND APPROVES THE COMPENSATION. FOR THESE INDIVIDUALS, COMPENSATION STUDIES ARE PERFORMED BY AN INDEPENDENT THIRD PARTY FIRM OR THE COLLEGE'S HUMAN RESOURCES DEPARTMENT. FORM 990, PART VI, SECTION C, QUESTION 19 MAKING DOCUMENTS AVAILABLE TO THE PUBLIC SPELMAN COLLEGE DOES NOT MAKE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. HOWEVER, DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 9 OTHER CHANGES IN NET ASSETS CHANGE IN VALUE OF SPLIT INTEREST TRUSTS (10,079) Form 990, Part IX, Line 24 Other Expenses Other expenses includes $3,929 in unrelated business income tax. COLLEGIATE PROPERTY DEVELOPMENT COMPANY 350 SPELMAN LANE SW ATLANTA GA 30314 311636865 ACQUIRE PROP GA 501(c)(2) N/A NA true SPELMAN COLLEGE SPECIAL VENTURES FUND 350 SPELMAN LANE SW ATLANTA GA 30314 581561343 INVESTMENTS GA 501(C)(3) 11 NA true false false true false false false false false false false false false false false false false false true SPELMAN COLLEGE SPECIAL VENTURES FUND INC C 891000 COST SPELMAN COLLEGE SPECIAL VENTURES FUND INC S 14222097 COST