2014-05-14T10:43:57-05:00 2013-06-30 581729751 Metcalf Davis CPAs 3340 Peachtree Road NE Suite 2600 Atlanta GA 303261089 990 2012-07-01 580593414 Young Harris College YOUN 7063793111 PO Box 68 Young Harris GA 30582 Wade M Benson 7063793111 2014-05-13 1 E Wayne Williams Jr P00294425 4042641700 2014-05-13 2012 2015-11-30 17:44:51Z L Cathy Cox PO Box 68 Young Harris GA 30582 130095251 0 X www.yhc.edu X 1886 GA Young Harris College educates, inspires, and empowers students through a comprehensive liberal arts experience that integrates mind, body, and spirit. 42 34 706 41 -10142 -10142 7798095 16400616 25536121 31596439 4452430 5620031 -21426 -14043 37765220 53603043 11503225 15050124 0 0 12683656 14475959 170504 118085 2430525 14057867 15518361 38415252 45162529 -650032 8440514 186802154 207714931 50759142 58016027 136043012 149698904 X Young Harris College educates, inspires, and empowers students through a comprehensive liberal arts experience that integrates mind, body, and spirit. 0 0 8718596 23575288 Instructional: Funds expended to educate students through a comprehensive liberal arts bachelor's degree program delivered through innovative academic instruction. Enrollment in 2012-2013 included approximately 1,102 students. Academic offerings include Art, Biology, Business and Public Policy, Chemistry, Communications Studies, Education (Early Childhood), Education (Middle Grades), English, History, Mathematics, Music, Music Education, Outdoor Leadership, Psychology, Religious Studies, Spanish and Theatre. 2959630 Academic Support: Funds expended to provide faculty administration and support, faculty development opportunities, curriculum enrichment and library, technology, and research and planning services. These expenditures are integral to the operation and support of quality academic programs and the retention and empowerment of excellent faculty. Curriculum and program development expenses are recorded in this category. 15050124 15050124 Student Financial Assistance: The College is committed to recruiting excellent students and helping secure the necessary and appropriate resources to meet the cost of an excellent education. The comprehensive student financial assistance program includes scholarships, grants, loans, and part-time campus employment. 98.92% of the students enrolled during 2012-2013 received some form of financial assistance. The College committed additional resources to meeting the needs of the students in response to increased occurrences of financial need during this year. 6055979 263683 Student Services: Funds expended for innovative programs and services which challenge students culturally, athletically and spiritually. The College strives to recruit and retain diverse, qualified students and empower them to reach their full potential. These expenditures provide support for extra-curricular activities and student related services at the College which are essential to the students' well being and contribute to the quality of life outside the formal academic programs. Also, expenditures for student involvement in projects that impact the local community are included. 5685850 7757468 Auxiliary Services: Funds expended for meal services and the operation, repair and maintenance of the College's residence halls, dining hall, and recreation facility. 11741829 8021151 38470179 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 99 0 1 706 1 1 1 0 0 0 0 1 1 0 0 0 0 X 42 34 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 1 0 GA X Wade M Benson CPA 7063793111 1 College Street Young Harris GA 305820068 L Cathy Cox 40.00 X X 208982 0 30097 Jerry W Nix 1.00 X X 0 0 0 M Brantley Barrow 1.00 X X 0 0 0 James T Johnston Jr 1.00 X X 0 0 0 Kurt T Momand 1.00 X 0 0 0 Julie D Salisbury 1.00 X 0 0 0 Jonathan F Anderson 1.00 X 0 0 0 Dr Don A Harp Jr 1.00 X 14400 0 0 Wyck A Knox Jr 1.00 X 0 0 0 Pam R Rollins 1.00 X 0 0 0 Paul D Beckham 0.50 X 0 0 0 Alleen D Bratton 0.50 X 0 0 0 Margaret R Buker 0.50 X 0 0 0 Richard J Burrell 0.50 X 0 0 0 The Hon Earl L Carter 0.50 X 0 0 0 Rene' M Diaz 0.50 X 0 0 0 Dr James F Ellison 0.50 X 0 0 0 Clair W Frazier 0.50 X 0 0 0 Alvin Gibson 0.50 X 0 0 0 Rev David T Haygood Sr 0.50 X 0 0 0 Robert L Head 0.50 X 0 0 0 Dr William Harry Hill 0.50 X 0 0 0 Henry M Huckaby 0.50 X 0 0 0 Gerald W Hudgins 0.50 X 0 0 0 Ray P Lambert Jr 0.50 X 0 0 0 The Hon T Bert Lance 0.50 X 0 0 0 Rubye M Lucas 0.50 X 0 0 0 Richard W McGinnis 0.50 X 0 0 0 The Hon Murphy Miller 0.50 X 0 0 0 The Hon Zell B Miller 0.50 X 0 0 0 Dr Robert V Ozment 0.50 X 0 0 0 David A Pattillo 0.50 X 0 0 0 William F Roberts 0.50 X 0 0 0 Jimmy C Tallent 0.50 X 0 0 0 Jones Webb 0.50 X 0 0 0 Michele T White 0.50 X 0 0 0 The Hon Charles S Wynne 0.50 X 0 0 0 Rev Cindy Autry 0.50 X 0 0 0 Rufus L Brown 0.50 X 0 0 0 Ashley Cross 0.50 X 0 0 0 Rev Richard Chewning 0.50 X 0 0 0 Bishop B Michael Watson 0.50 X 0 0 0 David R Leopard 40.00 X 158078 0 19162 Jay T Stroman 40.00 X 153155 0 18881 Wade M Benson 40.00 X 108490 0 18395 643105 0 86535 4 0 1 0 Hardin Construction Company LLC 3301 Windy Ridge Parkway Ste 400 Atlanta GA 303395618 General Contractor 5279548 Sodexo Inc PO Box 536922 Atlanta GA 30353 Food and Physical Plant Services 3040128 Lipman Hearne PO Box 88634 Dept A Chicago IL 60680 Advertising Consultants 508921 Brailsford & Dunlavey 1140 Connecticut Avenue NW Suite 4 Washington DC 20036 Facility Planners 315243 Lord Aeck Sargent 1201 Peachtree Street NE Ste 300 Atlanta GA 30361 Architects 303345 6 75220 94830 16230566 4168282 16400616 Tuition & fees 611710 23575288 23575288 Auxiliary services 611710 7757468 7757468 Student support 611710 263683 263683 31596439 3267202 3267202 70140780 8681000 67787951 8681000 2352829 0 2352829 2352829 19356 75220 23257 -3901 -3901 Income (loss) from partnerships 523000 2795 2795 Income (loss) from rec center mem 713940 -12937 -12937 -10142 53603043 31596439 -10142 5616130 15050124 15050124 468577 454177 14400 10683084 9263521 777421 642142 623926 537289 48560 38077 1927797 1660646 161703 105448 772575 654324 75244 43007 74521 74521 58157 58157 118085 118085 196143 196143 340218 220488 111304 8426 1266985 221664 101329 943992 3094795 2907830 165775 21190 1650653 1621724 14478 14451 868023 677098 62315 128610 1589338 1589338 3083102 2983819 72760 26523 308559 119774 188785 Student meals 1522829 1481796 11845 29188 Programs and promotions 543435 419146 0 124289 Printing and postage 336863 169464 13544 153855 Dues and subscriptions 185766 132202 40257 13307 398974 349270 44169 5535 45162529 38470179 4261825 2430525 2480834 2045714 18343601 12028739 25383 33733 789754 860968 497022 650321 102055725 29705818 59687994 72349907 39411211 50139886 61269978 65330375 4296377 4275288 186802154 207714931 2941703 4785748 46775988 52185949 1041451 1044330 50759142 58016027 X 37116828 39330453 31502979 39032972 67423205 71335479 136043012 149698904 186802154 207714931 X 8440514 1841298 3374080 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 42573961 176515 5191710 6430584 41511602 48772461 797380 -1752224 5243656 42573961 43385308 1476550 11693503 7782900 48772461 42118360 515138 7831147 7079337 43385308 52860734 1760549 -6688336 5814587 42118360 0.44680 0.50110 0.05210 1 0 3171789 3171789 60058524 11856964 48201560 7100873 4724385 2376488 15158298 13124469 2033829 16566241 16566241 72349907 Flexible capital 9392455 F Beneficial interest in perpetual trust 50006336 F Beneficial interest in remainder trust 2081875 F Investments held in trust for others 3282610 F Real estate 567099 F 65330375 Due to beneficiaries 590036 Deposits 454294 1044330 X 43782039 1841298 3387822 5229120 38552919 15050124 15050124 53603043 30126147 13742 13742 30112405 15050124 15050124 45162529 Description of Intended Use of Endowment Funds: Part V, Line 4: The endowment funds are used for scholarships, academic chairs, library, public programs, maintenance, long-term facility repairs and replacement, and other. Description of Uncertain Tax Positions Under FIN 48: Part X, Line 2: The College is recognized as an organization which is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code (the "Code") whereby only unrelated business income, as defined by Section 512(a)(1) of the Code, is subject to federal tax. The College's policy is to record a liability for any tax position that is beneficial to the College, including any related interest and penalties, when it is more likely than not the position taken by management with respect to a transaction or class of transactions will be overturned by a taxing authority upon examination. Management believes there are no such positions as of June 30, 2013 and 2012 and, accordingly, no liability has been accrued. Generally the IRS may examine a tax return for three years from the date it is filed. At June 30, 2013, tax years ended June 30, 2010, 2011 and 2012 remain open for a possible examination by the IRS. Part XI, Line 2d - Other Adjustments: Change in value of split interest agreements 3,387,822. Part XI, Line 4b - Other Adjustments: Scholarships and financial assistance 15,050,124. Part XII, Line 2d - Other Adjustments: Distribution to beneficiaries 13,742. Part XII, Line 4b - Other Adjustments: Scholarships and financial assistance 15,050,124. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Explanation of Nondiscriminatory Policy Publication Schedule E, Part I, Line 3 The College publishes and upholds the following policy: "Young Harris College ("the College") is committed to maintaining a fair and respectful environment for living, work, and study. To that end, and in accordance with federal and state law, and College policy, the College prohibits any member of the faculty, staff, administration, student body, or visitors to campus, whether they be guests, patrons, independent contractors, or clients, from harassing and/or discriminating against any other member of the College community because of that person's race, sex (including sexual harassment), sexual orientation, ethnic or national origin, religion, age, disabled status, or status as a disabled veteran or veteran of the Vietnam era. Incidents of harassment and discrimination will be met with appropriate disciplinary action, up to and including dismissal from the College." All members of the College community are expected, responsible, and obligated to uphold this policy. Explanation of Government Financial Assistance Schedule E, Part I, Line 6 The College receives aid from governmental agencies to support its student financial aid programs. In the current year, the College received and distributed governmental aid totaling $94,830. 1 Europe (Including Iceland & Greenland) Program Services Study Abroad Programs 83359 Central America and the Caribbean Program Services Mission Trip 32174 Central America and the Caribbean Investments 6075674 0 0 0 0 0 0 6191207 0 6191207 Financial Assistance Europe - 33 790721 Credit to bursar accounts Financial Assistance Middle East and North Africa - 6 166672 Credit to bursar accounts Financial Assistance Sub-Saharan Africa - Angola, 2 56300 Credit to bursar accounts Financial Assistance East Asia and the Pacific - 7 125799 Credit to bursar accounts Financial Assistance Central America and the Caribbean - 27 477653 Credit to bursar accounts Financial Assistance South America 11 314149 Credit to bursar accounts Financial Assistance North America - Canada 7 126981 Credit to bursar accounts 0 0 0 0 0 0 Procedure for Monitoring Grants Outside the U.S.: Schedule F, Part I, Line 2: Financial aid is credited directly to students' accounts through the business office. Foreign program services is based upon actual expenditures in the region. Method Used to Acccount for Expenditures: Schedule F, Part I, Line 3: Accounting for foreign investments is based upon the fair market value at year end. X X X X X X 1 Don A Harp Jr 2720 Winding Lane Atlanta GA 30319 Fundraising consulting 0 0 14400 -14400 Myers McRae 515 Mulberry Street Suite 200 Macon GA 31201 Fundraising consulting 0 0 53950 -53950 Alexander Haas 3520 Piedmont Road Suite 300 Atlanta GA 30305 Fundraising consulting 0 0 64135 -64135 132485 -132485 Clay Dotson Open 94576 75220 19356 1736 10555 10966 94576 75220 19356 1736 10555 10966 23257 -3901 1 Scholarships and financial assistance 974 12991849 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: Young Harris College develops financial aid awards based upon a combination of factors, including the student's demonstrated financial need as determined by the FAFSA or other family financial indicator as accepted by the College, high school GPA, and SAT or ACT scores. Aid is to be awarded in the manner which best serves the greatest number of students and which is in keeping with the intent of the various campus programs. All institutional financial aid awards are made in accordance with the student's ability to maintain satisfactory academic progress. The Financial Aid Department monitors the students' satisfactory academic progress annually for institutional aid to determine continued eligibility. Standards are set on qualitative and quantitative progress. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 L Cathy Cox 208982 0 0 0 0 0 12300 0 17797 0 239079 0 0 0 David R Leopard 158078 0 0 0 0 0 9900 0 9262 0 177240 0 0 0 Jay T Stroman 153155 0 0 0 0 0 9526 0 9355 0 172036 0 0 0 Part I, Line 1a The President of the College is provided with a residence on its campus as a condition of employment to perform responsibilities integrally related to her responsibilities. Accordingly, the value of this housing is not included in taxable compensation. United Community Bank Inc Bank officers and board include the College's President and three Trustees. 1184326 The College has several cash accounts and two different lines-of-credit with this local area bank. The bank's Chief Executive Officer, Jimmy C. Tallent, and one its directors, Robert L. Head, Jr., are members of the College's Board of Trustees. The College's President, L. Cathy Cox, is a director of the bank and another member of the College's Board of Trustees, Zell B. Miller, is an emeritus director of the bank. None of these persons were involved in the decision to select this bank as service provider to the College. The terms of these loans are more favorable to the College than quotes received from other institutions. 0 Hardin Construction Company LLC Company's Chairman is a College Trustee. 5279548 During the fiscal year ended June 30, 2013, the College entered into an agreement with this company to oversee the construction of a freshman residence hall. The residence hall was placed in service in August 2013. The Chairman of this construction company, M. Brantley Barrow, is a member of the College's Board of Trustees. The terms of the construction contract are more favorable to the College than the build-to-suit pricing from other firms, and the board member who is also the Chairman of this company was not involved in the selection process. 0 Atlantic Capital Bank Bank's board includes one Trustee. 344925 The College has a $15,120,000 loan outstanding with the bank. One of the College's Trustees, Rene' M. Diaz, is also on the bank's board. 0 X 3330 Estimated fair value X 11 4154583 Listed exchange value X Equipment/furniture 2 5649 Estimated fair value X Supplies 11 4720 Estimated fair value 0 1 0 Form 990, Part VI, Section A, line 2 The Honorable Zell B. Miller and the Honorable Murphy Miller are father and son, respectively, and both serve on the College's Board of Trustees. Form 990, Part VI, Section A, line 2 The College's President and three members of the College's Board of Trustees have a business relationship with a local area bank, United Community Bank, Inc. The bank's Chief Executive Officer, Jimmy C. Tallent and one of the Bank's directors, Robert L. Head, Jr., are members of the College's Board of Trustees. The College's President, L. Cathy Cox, is a director of the bank and another member of the College's Board of Trustees, Zell B. Miller, is an emeritus director of the bank. Form 990, Part VI, Section B, line 11 Form 990 is sent electronically or by direct mail to all voting Trustees for review prior to filing. Form 990, Part VI, Section B, line 12c The organization reviews and monitors any possible conflicts that are listed on the annual required disclosures filed by the officers, directors and employees. Form 990, Part VI, Section B, line 15 The Trusteeship, Governance, Compensation Committee of the Board of Trustees reviews and approves the President's compensation. The Vice Presidents' compensation is reviewed and approved by the President. The Human Resource Office maintains comparability data and all employee information. Form 990, Part VI, Section C, line 18 The College's Form 990 is available upon request. Form 990, Part VI, Section C, line 19 The College's documents are available upon request. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 9: Change in value of split interest agreements 3,387,822. Distribution to beneficiaries -13,742.