2015-05-13T09:33:32-05:00 2014-06-30 580692043 MAULDIN & JENKINS LLC 200 GALLERIA PKWY SE STE 1700 ATLANTA GA 303395946 990 2013-07-01 580568698 OGLETHORPE UNIVERSITY INC OGLE 4042611441 4484 PEACHTREE ROAD NE ATLANTA GA 30319 NORMAN MCKAY VP FOR BUSINESS AND FINANCE 4043648322 2015-05-11 1 JEFF T FUCITO P00120748 7709558600 2015-05-09 X 2013 2016-02-25 16:41:14Z LAWRENCE SCHALL 4484 PEACHTREE ROAD NE ATLANTA GA 30319 45857614 0 X WWW.OGLETHORPE.EDU X 1835 GA INSTITUTION OF HIGHER EDUCATION 39 38 525 212 5474 -66316 5757284 2513300 35623493 38592653 136179 1388330 104846 167053 41621802 42661336 16187880 17469910 0 0 11932964 12157100 0 40415 854617 11597873 11677089 39718717 41344514 1903085 1316822 81973593 81757463 26947491 24900723 55026102 56856740 INSTITUTION OF HIGHER EDUCATION 0 0 28103331 17469910 30313527 INSTRUCTION - THE COST OF OFFERING THE ACADEMIC PROGRAMS. 5601987 6205467 STUDENT SERVICES - THE COSTS OF EXTRACURRICULAR AND STUDENT-ORIENTED SERVICES AND PROGRAMS DESIGNED TO ENHANCE THE LEARNING ENVIRONMENT. 3312085 2073659 AUXILIARY SERVICES, THE COSTS OF ACTIVITIES ASSOCIATED WITH THE SUPPORT OF THE CAMPUS AND RESIDENTIAL COMMUNITY. 37017403 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 1 145 0 1 525 1 1 1 0 0 0 0 0 0 0 0 0 X 39 38 0 0 0 0 0 0 0 1 1 0 0 1 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 356788 0 43684 MR J FREDERICK AGEL SR TRUSTEE 1.00 X 0 0 0 MR CAMERON M BREADY TRUSTEE 1.00 X 0 0 0 MR ANIL T CHERIYAN TRUSTEE 1.00 X 0 0 0 MR DAVID NATHAN COOPER TRUSTEE 1.00 X 0 0 0 MS CEREE EBERLY CHAIR 2.00 X X 0 0 0 MR NORMAN P FINDLEY VICE-CHAIR 2.00 X X 0 0 0 MR KEVIN D FITZPATRICK JR 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 H THEODORE TED HEINTZ JR 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 MRS BELLE TURNER LYNCH TRUSTEE 1.00 X 0 0 0 DR ISAAC MELAMED TRUSTEE 1.00 X 0 0 0 MR THOMAS P O'CONNOR TRUSTEE 1.00 X 0 0 0 MR CEMAL OZGORKEY 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 BRIAN C SASS TRUSTEE 1.00 X 0 0 0 MR JOSEPH P SHELTON TRUSTEE 1.00 X 0 0 0 DR WILLIAM O SHROPSHIRE 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 MR TIMOTHY P TASSOPOULOS TRUSTEE 1.00 X 0 0 0 MS TRISHANDA TREADWELL TRUSTEE 1.00 X 0 0 0 MR JAMES WILLIAMS TRUSTEE 1.00 X 0 0 0 MR RAYMOND S WILLOCH TRUSTEE 1.00 X 0 0 0 MR BRIAN DAVIS TRUSTEE 1.00 X 0 0 0 MR CHARLES T WHITE TRUSTEE 1.00 X 0 0 0 MR D AUSTIN GILLIS TRUSTEE 1.00 X 0 0 0 MR J CLEVELAND CLEVE HILL TRUSTEE 1.00 X 0 0 0 MR JAMES HILL TRUSTEE 1.00 X 0 0 0 MR JAMES WINESTOCK TRUSTEE 1.00 X 0 0 0 MR L THOMAS CLEMENTS TRUSTEE 1.00 X 0 0 0 MR RD ODOM TRUSTEE 1.00 X 0 0 0 MR RICARDO C CARVALHO TRUSTEE 1.00 X 0 0 0 MRS DIANNE GLENNIE TRUSTEE 1.00 X 0 0 0 MS KIMBERLY ANN WILEY TRUSTEE 1.00 X 0 0 0 MS LUCY LEUSCH VP, ENROLLMENT & FINANCIAL AID 40.00 X 118266 0 13665 MR MICHAEL D HORAN VP, BUSINESS & FINANCE 40.00 X 141100 0 17058 MS MICHELLE T HALL VP, CAMPUS LIFE 40.00 X 117500 0 13084 MS DENISE RUNGE PROVOST 40.00 X 89404 0 12830 MR ROBERT K SMYRL VP, DEV & ALUMNI REL 40.00 X 151722 0 11002 MR KEITH AUFDERHEIDE ASSOCIATE PROVOST 40.00 X 110965 0 13134 MR MICHAEL K RULISON PROFESSOR, PHYSICS 40.00 X 111950 0 19126 MR J TODD BENNETT EXEC. DIR. MKTG & COMM 40.00 X 101177 0 1995 1298872 0 145578 8 0 1 0 ARAMARK SERVICES INC 3000 WOODROW WAY ATLANTA GA 30319 FOOD SERVICES 2068059 JUNEAU CONSTRUCTION COMPANY 3715 NORTHSIDE PKWY NW BLDG 300 ST ATLANTA GA 30327 CONSTRUCTION SERVICES 1246273 NATIONAL MANAGEMENT RESOURCES 113 CORPORATE PARK EAST DRIVE LAGRANGE GA 30241 PHYSICAL PLANT MAINT & CUSTODIAL SVCS 986190 ROYALL & COMPANY 1920 EACH PARHAM ROAD RICHMOND VA 23228 STRATEGIC MARKETING PROGRAMS 362638 BEAKONS CONSTRUCTION & DESIGN 4040 OLD MILTON PARKWAY STE 110 ALPHARETTA GA 30005 CONSTRUCTION SERVICES 310797 14 2513300 278747 2513300 TUITION AND FEES 611310 30313527 30313527 ROOM AND BOARD 611310 6129847 6129847 AUXILIARY SERVICES 611310 2073659 2073659 OTHER STUDENT FEES 611310 75620 75620 38592653 474498 474498 4107984 3194152 913832 913832 913832 22010 2126 19884 5474 14410 MISCELLANEOUS 900099 147169 147169 147169 42661336 38592653 5474 1549909 17469910 17469910 985052 292110 369789 323153 9271068 7864204 1295334 111530 354758 307363 43906 3489 831758 716190 67868 47700 714464 586547 121508 6409 44592 44592 91806 91806 40415 40415 133008 133008 2230669 1752293 478376 15831 11141 4690 493823 378494 53965 61364 249349 201245 44524 3580 1144806 1073531 71275 718473 601953 24544 91976 298483 203861 23947 70675 548842 451873 96969 1717340 1413922 303418 237435 196047 41388 FOOD SERVICES 2284098 2181705 41409 60984 RECRUITMENT EXPENSE 430501 430467 34 INSTRUCTION MATERIALS 207253 206857 396 REPAIRS & MAINTENANCE 188754 157064 29015 2675 642026 520626 90733 30667 41344514 37017403 3472494 854617 925515 34689 3985254 3039027 611401 697733 16010 16677 740365 950201 90869812 35191381 41282877 55678431 19514860 19707872 342467 472465 190202 180761 14364642 979607 81973593 81757463 4167406 1862355 2305063 2222508 14590000 14020000 3415125 4700004 2469897 2095856 26947491 24900723 X 24119167 35966366 14194595 4050228 16712340 16840146 55026102 56856740 81973593 81757463 1316822 513816 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 151000 3258480 X X X X 0 0 19834785 127806 1714712 874204 20803099 18158769 2175754 317525 817263 19834785 19256753 81763 -250169 929578 18158769 17522206 191141 2573827 1030422 19256752 16170007 322312 2160592 1130705 17522206 0.17460 0.80950 0.01590 1 0 4358513 4358513 70634439 29857529 40776910 12618380 5333852 7284528 3258480 3258480 55678431 FAIR MARKET VALUE OF INTEREST RATE SWAP 300979 ADVANCES FROM FEDERAL GOVERNMENT 515400 CAPITAL LEASE OBLIGATIONS 509245 OTHER LIABILITIES 770232 2095856 X 25574360 513816 513816 25060544 17600792 17600792 42661336 23743722 2126 2126 23741596 17602918 17602918 41344514 PART III, LINE 4: THE WORKS THAT ARE IN THE PERMANENT COLLECTION HAVE BECOME PART OF OGLETHORPE UNIVERSITY'S ENDOWMENT. AS SUCH, THEY REPRESENT AN INVESTMENT WHICH, IN THE FUTURE, WILL BE CONSIDERED NOT ONLY A SPECIAL CULTURAL ASSET FOR THE UNIVERSITY AND THE COMMUNITY, BUT ONE WHICH WILL GROW BOTH IN IMPORTANCE AND VALUE AS WELL. AMONG OUR COLLECTION ARE PAINTINGS BY CONTEMPORARY REALIST PAINTERS SUCH AS RICHARD MAURY, D JEFFREY MIMS AND FRANCISCO ROA, RARE FAMILY PHOTOGRAPHS OF CLAUDE MONET AT GIVERNY, AND AN ORIGINAL ENGRAVING OF VICTOR HUGO BY SCULPTOR AUGUST RODIN. RECENT GIFTS AND ACQUISITIONS INCLUDE WATERCOLORS BY FRANCIS AUGUSTUS SILVA AND SONDRA FRECKELTON, CHAD AWAITS FINELY CARVED TORSO, AND GAIL WEGODSKYS OIL INTERIOR SCENE. OGLETHORPE UNIVERSITY MUSEUM OF ART (OUMA) IS A UNIQUE AND VALUABLE RESOURCE FOR ALL STUDENTS, ESPECIALLY ART STUDENTS. SINCE OUMA IS THE ONLY SMALL LIBERAL ARTS UNIVERSITY MUSEUM IN THE ENTIRE SOUTHEAST WHICH REGULARLY SHOWS NATIONALLY AND INTERNATIONALLY RECOGNIZED EXHIBITIONS, IT OFFERS OGLETHORPE STUDENTS THE ADVANTAGE OF SEEING INTERNATIONAL CULTURE FIRST HAND WITHIN STEPS OF THEIR CLASSROOMS. THIS DIRECT, PERSONAL EXPERIENCE OF ART ENLIGHTENS THE VIEWER AND COMPLEMENTS INFORMATION PRESENTED IN BOOKS AND SLIDES. MANY ALUMNI CONTINUE TO CHERISH THEIR EXPERIENCES IN OUR MUSEUM LONG AFTER GRADUATION. OUMA IS A RARE ASSET ON CAMPUS, FACILITATING THE UNIVERSITY IN FULFILLING ITS GOAL OF PROVIDING A HIGH LEVEL OF LIBERAL ARTS EDUCATION. PART V, LINE 4: OGLETHORPE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 106 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 2014. 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. WITH FEW EXCPTIONS, THE UNIVERSITY IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2010. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF STUDENT ASSISTANCE TO FUNCTIONAL EXPENSE 17,469,910. RECLASS OF COST OF GOODS SOLD AGAINST REVENUES -2,126. RECLASS OF INVESTMENT MANAGEMENT FEES TO EXPENSE 133,008. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS OF COST OF GOODS SOLD AGAINST REVENUE 2,126. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF STUDENT ASSISTANCE EXPENSE FROM REVENUE 17,469,910. RECLASS OF INVESTMENT MANAGEMENT FEES FROM REVENUE 133,008. 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 MICHAEL BAXTER COMMUNICATIONS 125 EAST TRINITY PLACE DECATUR GA 30030 HELPED WRITE CAMPAIGN MATERIALS 0 0 29920 -29920 SHARON MOSKOWITZ 1641 DANBURY PARC PLACE ATLANTA GA 30319 CAPITAL CAMPAIGN & SPECIAL EVENT PLANNING 0 0 10495 -10495 40415 -40415 GA 1 ACADEMIC SCHOLARSHIPS 900 17469910 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. 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. X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 DR LAWRENCE M SCHALL PRESIDENT/EX-OFFICIO 270548 0 68240 0 18000 0 32850 0 10834 0 400472 0 0 0 MR MICHAEL D HORAN VP, BUSINESS & FINANCE 141100 0 0 0 0 0 10580 0 6478 0 158158 0 0 0 MR ROBERT K SMYRL VP, DEV & ALUMNI REL 151722 0 0 0 0 0 6046 0 4956 0 162724 0 0 0 PART I, LINE 1A PRESIDENT HAS USE OF UNIVERSITY HOME. THE UNIVERSITY PAYS FOR THE PRESIDENT'S HEALTH AND SOCIAL CLUB DUES. PART I, LINE 4B 457F PLAN: LAWRENCE SCHALL $15000 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 360000 6000000 112565 5887435 2013 1 0 1 0 B 1320000 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 151000 QUALIFIED APPRAISAL X 6 122747 FMV X SIX BENCHES 1 5000 FMV 2 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 11 PRIOR TO FORM 990 BEING FILED, A COPY IS MADE AVAILABLE TO ALL MEMBERS OF THE BOARD. THE AUDIT COMMITTEE REVIEWS FORM 990, APPROVES, AND RECOMMENDS APPROVAL BY THE FULL BOARD PRIOR TO FILING. 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.