2015-05-15T08:44:45-05:00 2014-06-30 273858252 DEAN DORTON ALLEN FORD PLLC 106 W VINE STREET SUITE 600 LEXINGTON KY 40507 990 2013-07-01 610444695 GEORGETOWN COLLEGE GEOR 5028638016 400 EAST COLLEGE STREET GEORGETOWN KY 40324 JAMES MOAK CFO 5028638016 2015-05-15 1 PAULA C HANSON P00161575 8592552341 2013 2016-02-25 16:41:14Z JAMES MOAK 400 EAST COLLEGE STREET GEORGETOWN KY 40324 83031907 0 X WWW.GEORGETOWNCOLLEGE.EDU X 1829 KY GEORGETOWN COLLEGE IS A FULLY ACCREDITED LIBERAL ARTS INSTITUTION OF HIGHER LEARNING 26 19 1058 65 129172 -134314 5554460 5677334 36150286 34379099 3325199 8138418 7732986 7624660 52762931 55819511 19353444 19033099 0 0 19426645 18301958 47402 24000 894244 15351603 14475773 54179094 51834830 -1416163 3984681 98512803 98964815 60152294 57467586 38360509 41497229 X GEORGETOWN COLLEGE IS A FULLY ACCREDITED LIBERAL ARTS INSTITUTION OF HIGHER LEARNING LOCATED IN GEORGETOWN, KENTUCKY. THE COLLEGE IS COMMITTED TO PROVIDING OPPORTUNITIES FOR EXCELLENCE IN HIGHER LEARNING UNDER CHRISTIAN INFLUENCES SO AS TO AFFORD ITS STUDENTS A QUALITY EDUCATION IN SELECTED BRANCHES OF KNOWLEDGE, ESPECIALLY THE LIBERAL ARTS AND SCIENCES, WITH A HEALTHY INTEREST IN THE PROFESSIONS. 0 0 43631550 19033099 39758812 OPERATION OF A HIGHER EDUCATIONAL INSTITUTION PROVIDING EDUCATION, HOUSING, AND FOOD SERVICES TO STUDENTS AND FACULTY. THE COLLEGE EDUCATED 1,043 UNDERGRADUATE AND 356 GRADUATE STUDENTS FOR THE YEAR ENDED 6/30/14. 43631550 1 1 0 1 0 0 0 1 0 1 1 0 0 1 1 1 1 0 1 0 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 1 1 1 1 0 0 0 0 1 1 0 0 0 1 2196 0 1 1058 1 1 1 0 0 0 0 1 1 0 0 0 0 X 26 19 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 1 0 KY X X JAMES MOAK 5028637970 400 EAST COLLEGE STREET GEORGETOWN KY 40324 CARROLL STEVENS TRUSTEE 2.00 X 0 0 0 EARL GOODE CHAIR, TRUSTEE 2.00 X 0 0 0 FRANK PENN TRUSTEE 2.00 X 0 0 0 GUTHRIE TRUE TRUSTEE 2.00 X 0 0 0 JAMES SHEPHERD TRUSTEE 2.00 X 0 0 0 JOHN STEMPEL TRUSTEE 2.00 X 0 0 0 JOHN WARD TRUSTEE 2.00 X 0 0 0 MISSY MATTHEWS TRUSTEE 2.00 X 0 0 0 NICOLLE B COLLINSON TRUSTEE 2.00 X 0 0 0 NORMAN DANIELS TRUSTEE 2.00 X 0 0 0 RANDY FOX TRUSTEE 2.00 X 0 0 0 REZA HASHAMPOUR TRUSTEE 2.00 X 0 0 0 RICHARD GAINES TRUSTEE 2.00 X 0 0 0 RANDY FIELDS TRUSTEE 2.00 X 0 0 0 SHEILA BAILEY TRUSTEE 2.00 X 0 0 0 BI HOUSTON VICE-CHAIR, TRUSTEE 2.00 X 0 0 0 BOB HEIB TRUSTEE 2.00 X 0 0 0 GRANETTA BLEVINS TRUSTEE 2.00 X 0 0 0 GREG BARR TRUSTEE 2.00 X 0 0 0 HOWARD ENSOR TRUSTEE 2.00 X 0 0 0 ROBERT DOTY TRUSTEE 2.00 X 0 0 0 DAVE ADKISSON TRUSTEE 2.00 X 0 0 0 TUCKER BALLINGER TRUSTEE 2.00 X 0 0 0 DAVID KNOX TRUSTEE 2.00 X 0 0 0 BOOKIE WILSON TRUSTEE 2.00 X 0 0 0 GUTHRIE ZARING TRUSTEE 2.00 X 0 0 0 JAMIE HARGROVE TRUSTEE 2.00 X 0 0 0 GJ HART TRUSTEE 2.00 X 0 0 0 BOB HOOK TRUSTEE 2.00 X 0 0 0 DAVID JONES TRUSTEE 2.00 X 0 0 0 ROBERT COLEMAN TRUSTEE 2.00 X 0 0 0 ROSEMARY ALLEN PROVOST/DEAN OF COLLEGE 50.00 X 124780 0 8551 WILLIAM H CROUCH JR PRESIDENT 50.00 X 399848 0 11813 DARRYL CALLAHAN GENERAL COUNSEL 50.00 X 2159 0 1501 JAMES MOAK VP, CFO, TREASURER 50.00 X 136460 0 9011 MICHELLE LYNCH VP FOR ENROLLMENT MNGT 50.00 X 125959 0 5000 TODD GAMBILL VP STUDENT LIFE/DEAN OF ST 50.00 X 35007 0 2277 JAMES ALLISON ASSOC. VP COLLEGE RELATIONS 50.00 X 82594 0 6812 ROBIN OLDHAM SECRETARY TO BOARD OF TRUS 50.00 X 67040 0 6226 ROY LOWDENBACK VP FOR INSTITUTIONAL ADVAN 50.00 X 5340 0 198 BRIAN EVANS VP FOR DIVERSITY & INCLUSI 50.00 X 98243 0 7530 JIM NEWBERRY GENERAL COUNSEL 50.00 X 175936 0 9583 M DWAINE GREENE PRESIDENT 50.00 X 53994 0 2748 LAURA WYLY JOHNSON DEAN OF STUDENTS 50.00 X 60837 0 5952 DAVID FORMAN FACULTY, GRADUATE EDUCATIO 50.00 X 101301 0 7202 1469498 0 84404 6 0 1 0 SODEXO MANAGEMENT INC 299 KINGS DAUGHTERS DR FRANKFORT KY 40601 DINING SERVICES 2684822 RUFFALO CODY INC 65 KIRKWOOD N RD SW CEDAR RAPIDS IA 52404 ADMISSIONS CONSULTING SERVICES 309349 JENZABAR INC PO BOX 55018 BOSTON MA 02205 SOFTWARE SUPPORT 191825 MADE FROM SCRATCH INC 100 STADIUM DR GEORGETOWN KY 40324 CATERING 173169 CUSTOM PAINT PAPER & RESTORATION 4113 KEARNEY ROAD LEXINGTON KY 40511 CONSTRUCTION/REPAIR 161309 9 16115 1176992 4484227 65517 5677334 TUITION AND FEES 611710 34379099 34379099 34379099 1745857 1745857 283636 354230 -70594 -70594 -70594 30703347 173533 24394085 90234 6309262 83299 6392561 6392561 8254 16115 9718 -1464 -1464 4481368 2364129 2117239 2117239 AUXILIARY ENTERPRISES REVENUE 611710 4490067 4490067 ATHLETICS 713940 282451 282451 OTHER REVENUE 900099 206076 206076 600885 401119 199766 5579479 55819511 39758812 129172 10254193 19033099 19033099 1404687 1206907 197780 13933357 11668534 1946448 318375 2963914 2352435 523547 87932 122781 122781 80416 80416 24000 24000 611417 409330 202087 57276 9851 47425 3809598 3598018 101767 109813 314143 314143 1656751 499722 1157029 138598 79264 33659 25675 2115788 1749259 366529 2378051 2378051 382487 101918 280569 ATHLETIC PROGRAMS 861300 861300 REPAIRS & MAINTENANCE 722700 11362 711338 STUDENT PROGRAMS 564384 564384 CARS FEE 191869 191869 468214 880 384090 83244 51834830 43631550 7309036 894244 715322 3525036 65300 65300 1561425 1461774 3291137 3250764 27056 18484 633106 617107 95109583 51031597 45771465 44077986 39357897 36554872 7090095 9393492 98512803 98964815 2937545 2369711 1568277 1487737 37812000 36993333 4702669 5576824 13131803 11039981 60152294 57467586 X -7659669 -4029210 9762577 12577910 36257601 32948529 38360509 41497229 98512803 98964815 X 3984681 -2076458 1228497 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 579 579 0 PART II-B, LINE 1: THE COLLEGE PAYS DUES TO VARIOUS ASSOCIATIONS OF WHICH A PERCENTAGE OF THOSE DUES ARE USED FOR LOBBYING PURPOSES. DUES PAID TO THE NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES WERE $4,523 OF WHICH 7% WAS USED FOR LOBBYING PURPOSES. DUES PAID TO THE KENTUCKY CHAMBER OF COMMERCE WERE $1,175 OF WHICH 15% WAS USED FOR LOBBYING PURPOSES. DUES PAID TO THE KENTUCKY SOCIETY OF CPAS WERE $530 OF WHICH 10% WAS USED FOR LOBBYING PURPOSES. DUES PAID TO THE COMMERCE LEXINGTON WERE $669 OF WHICH 5% WAS USED FOR LOBBYING PURPOSES. 1089839 X X X X ART HISTORY AND STUDIO 0 36181963 450516 4422191 7320744 33733926 35100755 722480 3354421 2759930 235763 36181963 36832066 200795 406623 2338729 35100755 30044170 1043184 6372809 628097 36832066 29348535 284652 540024 129041 30044170 0.02220 0.74770 0.23010 1 0 1591535 1591535 66992533 29532521 37460012 24726673 20925211 3801462 1798842 573865 1224977 44077986 BOND ISSUANCE COSTS 370911 FUNDS HELD IN TRUST BY OTHERS 8644483 OTHER ASSETS 378098 9393492 DEPOSITS AND AGENCY FUNDS 726977 ADVANCES FOR STUDENT LOANS 1580863 ASSET RETIREMENT OBLIGATION 1251920 INTEREST RATE SWAP AGREEMENT 6484953 ANNUITY PMT LIABILITY 995268 11039981 X 39280217 -2076458 4570263 2493805 36786412 19033099 19033099 55819511 36143497 3341766 3341766 32801731 19033099 19033099 51834830 PART III, LINE 4: THE DR. DONALD L. AND DOROTHY JACOBS COLLECTION AT GEORGETOWN COLLEGE IS A PERMANENT GALLERY OF MORE THAN 100 MODERN AND CONTEMPORARY WORKS OF ART, ALONG WITH AN OUTSTANDING COLLECTION OF ARTIFACTS FROM FIVE CONTINENTS. THE PERMANENT COLLECTION AT GEORGETOWN COLLEGE COMPRISES APPROXIMATELY 200 WORKS OF ART, DATING FROM THE SIXTEENTH-CENTURY THROUGH 2009, WITH THE MAJORITY OF PIECES HAVING BEEN CREATED IN THE TWENTIETH CENTURY. GEORGETOWN COLLEGE ALUMNI AND THE ARTIST DONATED MANY OF THE PIECES, HOWEVER THE COLLECTION CONTAINS A FEW PIECES FROM NOTED ARTISTS, SUCH AS SALVADOR DALI, ANDO HIROSHIGE, JASPER JOHNS, PIERRE AUGUSTE RENOIR, AND GEORGE TURNER. THE ANN WRIGHT WILSON FINE ARTS GALLERY AND THE COCHENOUR GALLERY AT GEORGETOWN COLLEGE OFFER TEMPORARY EXHIBITIONS YEAR ROUND FEATURING THE WORK OF INTERNATIONAL, NATIONAL AND REGIONAL ARTISTS. THE LIVE.LEARN.BELIEVE. OUTDOOR SCULPTURE EXHIBITION EXEMPLIFIES QUALITY SCULPTURE, BEAUTIFIES THE COLLEGE CAMPUS, EXPOSES STUDENTS AND VISITORS TO ARTWORK THAT IS OPENLY ACCESSIBLE AND OUTSIDE OF CONVENTIONAL GALLERY SPACE, AND PROVIDES AN ENVIRONMENT FOR INTELLECTUAL GROWTH WHERE STUDENTS AND THE COMMUNITY CAN VIEW AND LEARN ABOUT ART. THESE COLLECTIONS ARE AVAILABLE FOR STUDY AND USE BY THE COLLEGE AND COMMUNITY AND SUPPLEMENT THE ACADEMIC PROGRAM THROUGH A CULTURAL ENRICHMENT PROGRAM OFFERING INTELLECTUAL, CULTURAL, AND RELIGIOUS EXPERIENCES AND ENABLE MEMBERS OF THE COLLEGE COMMUNITY TO BROADEN THEIR AWARENESS OF CULTURAL DIVERSITY. PART V, LINE 4: ENDOWMENT FUNDS ARE AMOUNTS RECEIVED FROM DONORS WHOSE INCOME IS DESIGNATED FOR A SPECIFIC PURPOSE OF THE COLLEGE. ALMOST ALL OF THE INVESTMENT INCOME EARNED BY THESE FUNDS SUPPORTS SCHOLARSHIPS AND THE BUDGET OF THE COLLEGE. SOME SMALLER AMOUNTS ARE DESIGNATED FOR FACULTY AWARDS, FACULTY OR STUDENT SCHOLARSHIP TRAVEL AND OTHER MISCELLANEOUS PURPOSES RELATED TO THE COLLEGE'S EDUCATIONAL MISSION. PART X, LINE 2: THE COLLEGE HAS EVALUATED THE TAX POSITIONS TAKEN ON ALL INCOME TAX RETURNS THAT REMAIN OPEN TO EXAMINATION BY THE RESPECTIVE TAXING AUTHORITIES (THOSE RETURNS FILED FOR THE YEARS 2011 THROUGH 2013) AND DOES NOT BELIEVE THERE ARE ANY UNCERTAIN POSITIONS ON THOSE RETURNS THAT SHOULD IMPACT THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD NETTED AGAINST REVENUE ON FORM 990 2,364,129. RENTAL EXPENSES NETTED AGAINST REVENUE ON FORM 990 354,230. CHANGE IN FMV OF INTEREST RATE SWAP 298,620. FUNDRAISING NETTED AGAINST REVENUE ON FORM 990 9,718. WRITEDOWN OF POST-RETIREMENT HEALTH CARE PLAN OBLIGATION 1,543,566. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED AGAINST TUITION REVENUE ON FINANCIAL STATEMENTS 19,033,099. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD NETTED AGAINST REVENUE ON FORM 990 2,364,129. RENTAL EXPENSES NETTED AGAINST REVENUE ON FORM 990 354,230. FUNDRAISING NETTED AGAINST REVENUE ON FORM 990 9,718. ADJUSTMENT FOR ACTUARIAL LIABILITY FOR ANNUITIES AND LIFE INCOME FUNDS 44,057. CHANGE IN USEFUL LIVES OF FIXED ASSETS 569,632. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED AGAINST TUITION REVENUE ON FINANCIAL STATEMENTS 19,033,099. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 GEORGETOWN COLLEGE USES A COMBINATION OF PRINT (BROCHURES, FLYERS, COLLEGE CATALOG, DISPLAYS, POSTAL CORRESPONDENCE) AND ELECTRONIC (EMAIL, INTERNET, VIDEO) MESSAGES TO PROMOTE THE COLLEGE TO THE LOCAL COMMUNITY AND OVER 40,000 PROSPECTIVE STUDENTS GLOBALLY. MESSAGES THAT TARGET PROSPECTIVE STUDENTS INCLUDE THE STATEMENT "GEORGETOWN COLLEGE ADMITS STUDENTS OF ANY RACE, COLOR AND NATIONAL ORIGIN OR ETHNIC ORIGIN." SPECIFICALLY, WE ANNUALLY RUN A FULL COLOR AD IN THE WHO'S WHO OF LOUISVILLE AFRICAN AMERICAN PROFILES. THE COLLEGE HAS STRENGTHENED ITS PROMOTION OF DIVERSITY AND ACCESS PROGRAMS BY USING SOCIAL MEDIA. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES FUNDS FROM THE FEDERAL GOVERNMENT, PRIMARILY FROM PROGRAMS OVERSEEN BY THE U.S. DEPARTMENT OF EDUCATION, WHICH ARE USED TO PROVIDE FINANCIAL AID AND/OR LOANS TO STUDENTS ATTENDING THE COLLEGE. IN ADDITION, THE COLLEGE RECEIVES OTHER FEDERAL FUNDS, AND FUNDS FROM THE KENTUCKY DEPARTMENT OF EDUCATION, WHICH ARE RELATED TO GRANTS THAT FURTHER THE COLLEGE'S EDUCATIONAL MISSION. SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, PROGRAM SERVICE STUDY ABROAD 13615 EUROPE (INCLUDING ICELAND & GREENLAND) - PROGRAM SERVICE STUDY ABROAD 46518 EUROPE (INCLUDING ICELAND & GREENLAND) - PROGRAM SERVICE REGENT'S PARK COLLEGE PROGRAMS 235980 EAST ASIA AND THE PACIFIC PROGRAM SERVICE STUDY ABROAD 3760 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, PROGRAM SERVICE STUDY ABROAD 500 SOUTH AMERICA PROGRAM SERVICE WORKSHOPS 1702 EUROPE (INCLUDING ICELAND & GREENLAND) PROGRAM SERVICE WORKSHOPS 4900 0 0 0 0 0 0 306975 0 306975 0 0 0 0 0 0 X X X X X X X 1 STEINGROUP LLC 601 WEST SHORT STREET LEXINGTON KY 40508 CONSULTANT 0 0 24000 -24000 24000 -24000 FB-GOLF SCRAMBLE 10740 9790 950 500 923 3898 BB-GOLF SCRAMBLE 6831 6325 506 400 480 1218 1 6798 6798 1624 200 475 24369 16115 8254 900 1624 1603 5591 9718 -1464 1 SCHOLARSHIPS 1031 19033099 PART I, LINE 2: FOR GRANTS RECEIVED BY THE COLLEGE, GRANTS ARE CONTROLLED BY A DESIGNATED RESPONSIBLE PERSON ON CAMPUS, WHO IS TYPICALLY THE PERSON WHO APPLIES FOR THE GRANT. ALL PROPOSED EXPENDITURES FROM THE GRANT MUST BE APPROVED BY THAT PERSON. THE ACCOUNTING DEPARTMENT REVIEWS THE INVOICE FOR APPROPRIATENESS WITH THE NATURE OF THE GRANT, REVIEWS THE ACTUAL TRANSACTION TO MAKE SURE THAT IT IS ADEQUATELY SUPPORTED, AND REVIEWS THE TRANSACTION TO BE SURE THAT IT IS AN ALLOWABLE EXPENSE UNDER FEDERAL LAW. EACH GRANT IS ASSIGNED ITS OWN SET OF GENERAL LEDGER ACCOUNTS TO SEGREGATE THE EXPENSES AND GRANT INCOME FROM OTHER EXPENDITURES AND REVENUES OF THE COLLEGE. IF THE GRANT IS A REIMBURSEMENT GRANT, THE COLLEGE PERIODICALLY DRAWS FUNDS DOWN FROM THE GRANTOR BASED ON THE ACTUAL EXPENSES INCURRED. WHEN REPORTS ARE DUE TO THE GOVERNMENT OR OTHER GRANTOR, THE RESPONSIBLE PERSON PREPARES THE REPORT WITH ASSISTANCE OF THE ACCOUNTING DEPARTMENT. TYPICALLY, THESE REPORTS ARE SIGNED BY THE RESPONSIBLE PERSON AND THE CFO OR PRESIDENT OF THE COLLEGE CERTIFYING THE ACCURACY OF THE REPORT. GRANTS SHOWN ON PART III ARE SCHOLARSHIPS. SCHOLARSHIPS ARE GRANTED IN TWO FORMS. FIRST, SOME SCHOLARSHIPS ARE FUNDED BY DONOR GIFTS OR INVESTMENT INCOME FROM DONOR GIFTS. THESE SCHOLARSHIPS MUST BE GRANTED AS THE DONOR HAS SPECIFIED AT THE TIME OF THE GIFT. THE STUDENT MUST MEET THE DESIGNATED REQUIREMENTS OF THE DONOR. SECOND, THE COLLEGE ALSO AWARDS SCHOLARSHIPS FROM GENERAL COLLEGE REVENUES. THESE SCHOLARSHIPS ARE AWARDED BASED ON ACADEMIC ACHIEVEMENT AND FINANCIAL NEEDS WHICH IS CONSISTENT WITH INDUSTRY STANDARDS. X X X X 1 1 X X X X X 1 1 0 0 0 0 0 0 0 WILLIAM H CROUCH JR PRESIDENT 250852 0 0 0 148996 0 0 0 11813 0 411661 0 148996 0 JIM NEWBERRY GENERAL COUNSEL 175936 0 0 0 0 0 0 0 9583 0 185519 0 0 0 PART I, LINE 1A FIRST CLASS OR CHARTER TRAVEL IS PROVIDED ONLY IN CERTAIN LIMITED SITUATIONS. THE PRESIDENT'S WIFE SOMETIMES ACCOMPANIES THE PRESIDENT ON OFFICIAL BUSINESS FOR THE COLLEGE. IN THOSE INSTANCES, THE COLLEGE WILL SOMETIMES PAY THE TRAVEL EXPENSES. THE PRESIDENT RESIDES IN A DWELLING OWNED BY THE COLLEGE, WHICH IS PROVIDED TO HIM FOR HIS USE. PART I, LINES 4A-B PRESIDENT WILLIAM H. CROUCH, JR. RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $102,627 FOR THE YEAR ENDED 6/30/14. PRESIDENT WILLIAM H. CROUCH, JR. RECEIVED A PAYMENT FROM A SUPPLEMENTAL NON-QUALIFED RETIREMENT PLAN IN THE AMOUNT OF $148,996 FOR THE YEAR ENDED 6/30/14. A CITY OF GEORGETOWN AND GEORGETOWN COLLEGE PROJECT 616001830 372730CJ8 2006-05-17 39640000 REFUNDING OF THE OUTSTANDING COLLEGE 2000 AND 2002 REVENUE BONDS 0 0 0 B CITY OF GEORGETOWN AND GEORGETOWN COLLEGE PROJECT 616001830 2011-12-19 1780000 FINANCE DORMITORY CONSTRUCTION 0 0 0 A 2780000 39640000 39126304 513696 2006 0 1 1 1 B 59333 1780000 30800 1749200 0 1 1 1 B 0 0 0 0 0 0 0 A 1 1 1 FIFTH THIRD BANK 24.000000000000 1 0 0 0 0 B 1 1 1 FIFTH THIRD BANK 15.000000000000 1 0 0 0 0 A 0 B 0 FORM 990, SCHEDULE K, PART IV, LINE 1 ARBITRAGE CALCULATIONS HAVE BEEN PERFORMED, BUT NO AMOUNTS ARE DUE. RELATIVES OF TRUSTEES TRUSTEES 29850 SCHOLARSHIP ASSISTANCE FAMILY MEMBER OF AN OFFICER OFFICER 29664 TUITION WAIVER ASSISTANCE DR TODD COKE HIS WIFE, DR. ROSEMARY ALLEN IS THE PROVOST OF THE COLLEGE 66070 DR. TODD COKE HAS BEEN A MEMBER OF THE GEORGETOWN COLLEGE FACULTY FOR OVER 20 YEARS. MS. ALLEN IS THE PROVOST AND IS RESPONSIBLE FOR ACADEMIC PROGRAMS ON CAMPUS. DR. COKE'S COMPENSATION FOR THE YEAR ENDED 6/30/14 WAS $66,070 IN SALARY PLUS THE COLLEGE'S STANDARD BENEFITS 0 MR BI HOUSTON TRUSTEE 50000 MR. B.I. HOUSTON'S WIFE, DEBBIE, WAS ON THE BOARD OF THE KENTUCKY BAPTIST SEMINARY OF KENTUCKY. BEGINNING IN JUNE 2010, THE KENTUCKY BAPTIST SEMINARY ENTERED INTO A LEASE AGREEMENT WITH RENTALS BEGINNING ON AUGUST 1, 2010 FOR SPACE IN THE COLLEGE'S LEARNING RESOURCE CENTER. THE SEMINARY PAYS THE COLLEGE $50,000 IN RENT ANNUALLY. THIS AGREEMENT WAS NEGOTIATED IN GOOD FAITH BY THE MANAGEMENT OF BOTH PARTIES AND THEN SUBMITTED TO APPROVAL BY THE TRUSTEES IN ACCORDANCE WITH THE REQUIREMENTS OF THE RESPECTIVE ORGANIZATIONS. 0 SCHEDULE L, PART III $29,850 OF SCHOLARSHIP ASSISTANCE WAS PROVIDED TO 3 FAMILY MEMBERS OF TRUSTEES. ALL THESE SCHOLARSHIPS WERE GRANTED IN CONFORMITY WITH THE EDUCATIONAL ATTAINMENT, DIVERSITY, EMPLOYMENT OR FAMILY NEED GOALS APPLIED CONSISTENTLY FOR ALL INCOMING STUDENTS AT GEORGETOWN COLLEGE. SCHEDULE L, PART III $29,664 OF TUITION WAIVER ASSISTANCE WAS PROVIDED TO THE SON OF AN OFFICER ON THE SAME TERMS AVAILABLE TO ALL QUALIFYING EMPLOYEES. X 1798 VALUE PER DONOR X 875 VALUE PER DONOR X 6 33622 FAIR MARKET VALUE X 1 4985 VALUE PER DONOR X 2 870 VALUE PER DONOR X EQUIPMENT 2 21016 VALUE PER DONOR X TRAVEL EXPENS 2 2351 VALUE PER DONOR 0 1 1 PART I, LINE 32B: THE INVESTMENT DEPARTMENT OF FIFTH THIRD BANK RECEIVES ALL OF OUR STOCK GIFTS, SELLS THEM ON OUR BEHALF, AND REMITS NET PROCEEDS TO THE COLLEGE. FORM 990, PART VI, SECTION A, LINE 2 TRUSTEE JAMIE HARGROVE PROVIDES LEGAL SERVICES TO TRUSTEE ROBERT COLEMAN. TRUSTEE REZA HASHAMPOUR AND TRUSTEE NICOLLE COLLINSON HAVE A JOINT BUSINESS OPPORTUNITY. FORM 990, PART VI, SECTION B, LINE 11 THE COLLEGE FORWARDS A PDF FILE TO THE TRUSTEES ON THE EXECUTIVE/FINANCE COMMITTEE AFTER THE RETURN IS FILED IN MAY. IN THE EXECUTIVE/FINANCE COMMITTEE'S NEXT REGULARLY SCHEDULED MEETING, THE COLLEGE WILL ANSWER ANY QUESTIONS FROM THE EXECUTIVE/FINANCE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C ALL SENIOR MANAGERS ARE VERY CONSCIOUS OF ANY ARRANGEMENTS THAT MAY GIVE RISE TO A CONFLICT OF INTEREST, ESPECIALLY RELATED TO DOING ANY BUSINESS WITH A TRUSTEE. SENIOR MANAGERS REPORT ANY POTENTIAL TRANSACTIONS TO THE CFO, WHO IS A CPA. ANNUALLY, THE CONFLICT OF INTEREST AND EXCESS BENEFIT POLICIES ARE DISTRIBUTED TO TRUSTEES. THE TRUSTEES ANNUALLY DISCLOSE ALL POTENTIAL CONFLICTS OF INTEREST, BUSINESS TRANSACTIONS WITH THE COLLEGE, AND ANY OWNERSHIP INTERESTS WHICH MIGHT GIVE RISE TO A CONFLICT. THE TRUSTEES AND OFFICERS OF THE COLLEGE RESPOND DIRECTLY AND INDIVIDUALLY TO THE QUESTIONS ON PART IV, QUESTION 28 (A) THROUGH (C) OF THIS RETURN. FORM 990, PART VI, SECTION B, LINE 15 THE COLLEGE'S COMPENSATION COMMITTEE, COMPOSED OF THE TRUSTEES THAT SERVE ON THE BOARD OF TRUSTEE'S EXECUTIVE/FINANCE COMMITTEE REVIEWS THE PRESENT SALARY AND APPROVES THE BUDGETED SALARY FOR NEXT YEAR FOR THE EMPLOYEES WITH THE TOP FIVE SALARIES AT THE COLLEGE. THIS REVIEW INCLUDES A COMPARISON OF DATA FROM RECOGNIZED SALARY SURVEYS FOR SIMILAR POSITIONS IN THE REGION. THE COMPENSATION COMMITTEE ALSO REVIEWS THE SALARY OF SIMILAR POSITIONS IN PEER INSTITUTIONS IN KENTUCKY BY REFERENCE TO THEIR LATEST AVAILABLE TAX RETURNS. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE DOES NOT MAKE ITS FINANCIAL STATEMENTS PUBLIC, OTHER THAN IN RESPONSE TO A DONOR'S REQUEST OR A GRANT APPLICATION. THE COLLEGE'S BUDGET IS AVAILABLE IN THE ENSOR LEARNING RESOURCE CENTER. THE COLLEGE'S CONFLICT OF INTEREST POLICY IS PART OF THE COLLEGE'S POLICIES AND PROCEDURES, WHICH IS AVAILABLE ON THE COLLEGE'S WEBSITE. GOVERNING DOCUMENTS ARE FILED WITH THE KENTUCKY SECRETARY OF STATE. THE COLLEGE'S FISCAL POLICIES ARE AVAILABLE TO ALL BOARD MEMBERS; THE FINANCIAL STATEMENTS AND AUDIT REPORTS ARE GIVEN TO ALL TRUSTEES EACH YEAR IN ITS OCTOBER MEETING. TRUSTEES ARE REQUIRED TO READ THE CONFLICT OF INTEREST POLICY OF THE COLLEGE AND COMPLETE THE FORM INDICATING WHETHER OR NOT THEY HAVE A CONFLICT. FORM 990, PART XI, LINE 9: CHANGE IN FMV OF SWAP AGREEMENT 298,620. ADJUSTMENT FOR ACTUARIAL LIABILITY FOR ANNUITIES AND LIFE INCOME FUNDS -44,057. CHANGE IN USEFUL LIVES OF FIXED ASSETS -569,632. WRITEDOWN OF POST-RETIREMENT HEALTH CARE PLAN OBLIGATION 1,543,566. FORM 990, PART XII, LINE 2C THE COLLEGE'S EXECUTIVE/FINANCE COMMITTEE OF THE BOARD OF TRUSTEES ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND THE SELECTION OF THE INDEPENDENT ACCOUNTANT. SCHEDULE E, LINE 3, CONTINUATION FOR A HISTORIC PERSPECTIVE OVER THE LAST FIVE YEARS, THE COLLEGE HAS BEEN AND CONTINUES TO BE RECOGNIZED NATIONALLY FOR ITS DIVERSITY INITIATIVES. ARTICLES ABOUT THE COLLEGE'S EFFORTS TO RECRUIT MINORITY STUDENTS HAVE APPEARED IN THE NEW YORK TIMES, DALLAS MORNING NEWS AND THE LOUISVILLE COURIER-JOURNAL NEWSPAPERS. THE CONGRESSIONAL BLACK CAUCUS HONORED THE COLLEGE'S INITIATIVES WITH A RECEPTION AT THE UNITED STATES CAPITAL BUILDING. PRESIDENT WILLIAM H. CROUCH, JR. HAS SERVED ON TWO OCCASIONS AS A PANEL MEMBER AND MODERATOR AT THE WORLD DIVERSITY LEADERSHIP SUMMIT AT THE UNITED NATIONS HEADQUARTERS IN NEW YORK; SPEAKS FREQUENTLY TO PRIMARILY AFRICAN AMERICAN CONGREGATIONS AT CHURCHES LIKE ANTIOCH BAPTIST, MEMPHIS, TN, SIXTH AVENUE BAPTIST, BIRMINGHAM, AL, AND ALLEN TEMPLE BAPTIST, OAKLAND, CA; HAS SPOKEN AT DIVERSITY ISSUES AT EDUCATIONAL INSTITUTIONS SUCH AS DUKE UNIVERSITY: AND WAS GUEST SPEAKER AT A DIVERSITY SYMPOSIUM IN NASHVILLE, TN, TO NAME BUT A FEW EXAMPLES OF DIVERSITY OUTREACH. BECAUSE OF ITS EFFORTS TO DIVERSIFY ITS STUDENT BODY, IN PARTICULAR, AND ITS EMPLOYEES, THE COLLEGE WAS RECENTLY INVITED INTO MEMBERSHIP OF THE SOUTHERN UNIVERSITY CONFERENCE. IN FEBRUARY 2012, THE COLLEGE WAS RECOGNIZED FOR ITS DIVERSITY EFFORTS BY THE SELECTIVE CORPORATE INTERNSHIP PROGRAM. MEMBERSHIPS IN AND AFFILIATIONS WITH GROUPS (UPWARD BOUND, NSHSS, THE FIRST TEE, ZINCH) THAT PROMOTE COLLEGE ACCESS HAVE HELPED THE COLLEGE INCREASE ENROLLMENT OF DIVERSE POPULATION FROM 11% IN 2011 TO 16% IN 2014. FORM 990, PART VI, SECTION A, LINE 1A BETWEEN BOARD MEETINGS, THE EXECUTIVE COMMITTEE IS EMPOWERED TO ACT ON BEHALF OF THE BOARD. THE MINUTES OF ALL EXECUTIVE COMMITTEE MEETINGS ARE DISTRIBUTED TO THE FULL BOARD AT EACH REGULARLY SCHEDULED MEETING OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 16B THE COLLEGE ENTERED INTO AN LLC IN WHICH IT IS A 95% OWNER; THE OTHER OWNER IS AN INDIVIDUAL. EXCEPT FOR A CASH CAPITAL CONTRIBUTION OF $950, THE COLLEGE CONTRIBUTED NO ASSETS TO THE LLC. THE LEGAL STRUCTURE AND TAX STATUS OF THE COLLEGE AND THE LLC WAS REVIEWED BY THE GENERAL COUNSEL.SCHEDULE K-1S ARE MADE AVAILABLE TO THE PARTNERS AND ANY INCOME IS REPORTED ON THE 990-T OF THE COLLEGE. THE COLLEGE HAS NO WRITTEN POLICY ON JOINT VENTURES SINCE THIS WAS THE ONLY ONE IT HAS DONE. GEORGETOWN COLLEGE FOUNDATION INC 400 EAST COLLEGE STREET GEORGETOWN KY 40324 611228041 SUPPORTING ORGANIZATION FOR GEORGETOWN COLLEGE KY 501(C)(3) 11A N/A 0 GEORGETOWN COLLEGE ALUMNI LLC 400 EAST COLLEGE STREET GEORGETOWN KY 40327 352417606 MARKETING SERVICES KY GEORGETOWN COLLEGE UNRELATED 12119 14453 0 0 0.95000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0