2013-02-14T15:51:30-06:00 2012-06-30 363990892 Capin Crouse LLP 972 Emerson Parkway Suite A Greenwood IN 46143 990 2011-07-01 580566212 Piedmont College PIED 7067760123 PO Box 10 Demorest GA 30535 Dr James Mellichamp 7067760123 2013-02-14 1 David C Moja P00747006 3178852620 2011 2016-02-25 16:41:14Z Dr James Mellichamp PO Box 10 Demorest GA 30535 123187454 0 X www.piedmont.edu X 1897 GA Piedmont College is a private non-profit comprehensive liberal arts institution. 35 35 1081 35 0 0 2344443 1390839 25556800 34295390 1220356 1280222 11383505 0 40505104 36966451 1919784 6293454 0 0 16733149 17920915 0 0 481297 10134228 11936644 28787161 36151013 11717943 815438 130187422 130013275 16030625 15472903 114156797 114540372 X Piedmont College is a private non-profit comprehensive liberal arts institution. Piedmont College educates students to become succesful and responsible citizens through rigorous academic instruction in the liberal arts and professional disciplines. The College provides educational opportunities through a wide range of undergraduate, graduate, and doctorate programs. 0 0 13461674 30177137 Instruction - Instructional programs supporting students to achieve their bachelor's, master's, and doctorate level of degrees. 2011 - 2012 enrollment approximated 2,700 students. 10979396 6293454 4054364 Student Services/Scholarships and Work Aid - Financial assistance programs, work-aid, athletics, student development and cultural activities beyond formal instructional opportunities. 4548961 63889 Academic/Institutional Support - Funding which contriubtes to the support of Piedmont College students and programs. 4053222 Auxiliary/Operations - Resident dormitories, food services, secuity, and other campus operations. 4053222 33043253 1 1 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 74 0 1 1081 1 0 0 0 0 0 1 1 0 0 0 0 X 35 35 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 GA X Margie Means 7067760123 PO Box 10 Demorest GA 30535 Thomas A Arrendale III 1.00 X X 0 0 0 Dock Sisk 1.00 X X 0 0 0 Mylle Mangum 1.00 X X 0 0 0 Elizabeth Bingham 1.00 X 0 0 0 Nathan Burgen 1.00 X 0 0 0 Dr Martha Cantrell 1.00 X 0 0 0 Dennis Cathey 1.00 X 0 0 0 Ben F Cheek 1.00 X 0 0 0 Robin Coile 1.00 X 0 0 0 James E Cornwell Jr 1.00 X 0 0 0 Doc Eldridge 1.00 X 0 0 0 Dwight Evans 1.00 X 0 0 0 David Foster 1.00 X 0 0 0 John Foster 1.00 X 0 0 0 Mack Guest 1.00 X 0 0 0 Tom Hensley 1.00 X 0 0 0 Jane Higdon 1.00 X 0 0 0 James C Hobbs III 1.00 X 0 0 0 William M House 1.00 X 0 0 0 Tommy Irvin 1.00 X 0 0 0 James R LeMay 1.00 X 0 0 0 Courtney Loudermilk 1.00 X 0 0 0 Billy H Mason 1.00 X 0 0 0 Shirley J Meeks 1.00 X 0 0 0 Kara K Moody 1.00 X 0 0 0 Jim Parham 1.00 X 0 0 0 Joseph M Piper 1.00 X 0 0 0 Tom Richard 1.00 X 0 0 0 Brian Rickman 1.00 X 0 0 0 Stanley W Roberts 1.00 X 0 0 0 Paul Rosser 1.00 X 0 0 0 Betty Siegel 1.00 X 0 0 0 Eugene Sutherland Sr 1.00 X 0 0 0 D Stewart Swanson 1.00 X 0 0 0 Joseph A Beau Wingate 1.00 X 0 0 0 Dr W Ray Cleere 40.00 X 195155 0 0 Dr Mel Palmer 40.00 X 135101 0 6775 Dr James Mellichamp 40.00 X 162218 0 21521 Dr Danny Hollingsworth 40.00 X 142008 0 30911 Dr John Misner 40.00 X 131289 0 18247 Rodney Dyer 40.00 X 33143 0 3003 Dr Steven Nimmo 40.00 X 105052 0 20213 Dr Linda Scott 40.00 X 104572 0 10321 1008538 0 110991 7 0 1 0 Scroggs & Grizzel Contracting PO Box 316 Gainesville GA 30503 Construction Company 4062625 CIP Construction Company 201 N Ekm St Greensboro NC 27401 Construction Company 1537427 Chartwells (Compass Group USA Inc) 2400 Yorkmont Rd Charlotte NC 28217 Food Service Provider 1389750 Barnes & Noble College Booksellers LLC 375 Georgia St Demorest GA 30535 Bookstore 562196 DataTel Inc 4375 Fair Lake Court Fairfax VA 22033 Software/Tech Company 294485 16 268861 1121978 1390839 Tuition & Fees 611710 30177137 30177137 Auxiliary Revenue 611710 4054364 4054364 Other Revenue 900099 63889 63889 34295390 1379389 1379389 86094336 27500 86191085 29918 -96749 -2418 -99167 -99167 36966451 34295390 0 1280222 6293454 6293454 909223 909223 14302262 13596048 445209 261005 577834 474318 90607 12909 1030889 919326 86644 24919 1100707 993858 87265 19584 44263 32233 12030 75725 55145 20580 240498 240498 1728345 1711051 3679 13615 76309 49815 2457 24037 368934 280466 64569 23899 1628922 1405375 223547 591192 539168 47800 4224 526628 526628 2671599 2671599 401566 401566 Work Study 1052205 1052205 Student Activities 718986 718986 General Expenses 614581 588901 8333 17347 All Other Expense 611728 465039 107062 39627 585163 516518 61124 7521 36151013 33043253 2626463 481297 0 900 659604 929643 483407 382253 95666574 28469475 63522342 67197099 65034265 60179716 487804 1323664 130187422 130013275 1089567 785667 2314179 2261410 10388400 9788400 2238479 2637426 16030625 15472903 X 101783421 104164176 2217164 4106327 10156212 6269869 114156797 114540372 130187422 130013275 X 815438 -431863 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 1 1 0 0 779858 X X 0 47214527 72097 579909 373210 1045850 295962 46151511 43451973 167612 8474013 425254 1766867 246319 49655158 41989865 218845 3932744 434880 1990129 264472 43451973 50827496 609366 -6907626 2036203 503168 41989865 0.83000 0.14000 0.03000 0 0 3382835 3382835 72726548 15248175 57478373 7433016 3631211 3801805 12124175 9590089 2534086 67197099 Student Deposits 16951 Interest Swap Liability 1821828 Annuity Payment Liabilities 798647 2637426 36966451 36151013 815438 77865 -509728 -431863 383575 30000636 77865 -7043680 -6965815 36966451 0 36966451 29617061 0 29617061 6533952 6533952 36151013 Part III, Line 4: Piedmont College broadens student learning through collectibles presented throughout the campus. For example, The Mason-Scharfenstein Museum of Art at Piedmont College delivers an enriched college experience through a collection of more than 120 paintings and sculptures. The museum provides a unique environment for students and members of the community to explore art history. Description of Intended Use of Endowment Funds: Part V, Line 4: Piedmont College's endowment intends to provide scholarships to students. Description of Uncertain Tax Positions Under FIN 48: Part X: The financial statement effects of a tax position taken or expected to be taken are recognized in the financial statements when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. Interest and penalties, if any, are included in expenses in the statements of activities. As of June 30, 2012, the College had no uncertain tax positions that qualified for recognition or disclosure in the financial statements. Part XI, Line 8 - Other Adjustments: Change in value of interest rate swap -488,182. Change in value of annuities -21,546. Total to Schedule D, Part XI, Line 8: -509,728. Part XII, Line 2d - Other Adjustments: Student financial aid netted with revenue on financial stmt -6,293,454. Change in value of interest rate swap -488,182. Change in value of annuities -21,546. Investment management fees -240,498. Part XIII, Line 4b - Other Adjustments: Student financial aid netted with revenue on financial stmt 6,293,454. Investment management fees 240,498. Part V, Line 1a, Current Year: A prior period adjustment of $2,440,631 has been made to the beginnig of year balance due to the recalssificaion of endowment funds from prior year. 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 All advertisements, solicitations for students and student handbooks include a statement that the school does not discriminate. Explanation of Government Financial Assistance Schedule E, Part I, Line 6 Piedmont College receives Student Financial Aid awards from the U.S. Department of Education, the Georgia Tuition Equilization Grant, Hope funds and various other assistance from the State of Georgia. 1 Scholarships 650 6293454 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: Piedmont College participates in the student financial assistance programs through the U.S. Department of Education. Funds are awarded and disbursed to students based on the Department of Education guidelines set forth by the Title IV programs. X 1 0 X X 0 0 0 0 0 0 0 0 0 Dr W Ray Cleere 195155 0 0 0 0 0 0 0 0 0 195155 0 0 0 Dr James Mellichamp 162218 0 0 0 0 0 16500 0 5021 0 183739 0 0 0 Dr Danny Hollingsworth 142008 0 0 0 0 0 7292 0 23619 0 172919 0 0 0 Part I, Line 1a Dr. Hollingsworth lived on campus in the President's home as a condition of his employment. Development Authority of Athens-Clark County Georgia 582613761 047059AV2 2006-09-07 13000000 Purchase Athens Facilities 0 0 0 Development Authority of Lowndes County 521367808 2000-08-01 3485000 Finance a dormitory 0 0 0 Private Colleges and Universities Authority 581407780 1999-10-04 4500000 Finance a dormitory 0 0 0 13000000 40000 12960000 0 0 1 1 3485000 40000 3445000 0 0 1 1 4500000 58125 4441875 0 0 1 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 Form 990, Part VI, Section A, line 2 David Foster and John Foster - family relationship. Form 990, Part VI, Section B, line 11 The Form 990 is prepared by an independent CPA firm. The College mails a copy of the annual tax return, Form 990, to all members of the board of trustees after it is prepared. Form 990, Part VI, Section B, line 12c Conflict of interest statements are completed annually by all members of the governing body. These statement are monitored by the President's office and the Senior Administration. Form 990, Part VI, Section C, line 19 These documents are made available upon request. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized gains on investments: 77,865. Change in value of interest rate swap -488,182. Change in value of annuities -21,546. Total to Form 990, Part XI, Line 5: -431,863. Explanation for Responsibility Form 990, Part XII, Line 2c: The organization has a committe that assumes responsibility for oversight of the audit of its financial and selection of an independent accountant. This process has not changed since prior year.