2013-05-15T08:37:38-05:00 2012-06-30 KPMG LLP 300 North Greene Street Suite 400 Greensboro NC 27401 990 2011-07-01 580566167 THE CORPORATION OF MERCER UNIVERSITY % WILLIAM G SOLOMON CORP 4573012710 1400 COLEMAN AVENUE MACON GA 31207 DR JAMES S NETHERTON 2013-05-08 true 3362753394 2011 2016-02-24 21:20:13Z William D Underwood 1400 COLEMAN AVENUE MACON GA 31207 296023311 false X www.mercer.edu X 1833 GA Mercer University's mission is to teach, to learn, to create, to discover, to inspire, to empower, and to serve. 50 48 3812 482 -25942 -30142 67360685 65739531 196567618 203992496 1259709 5222448 5151463 6493505 270339475 281447980 53506630 54417926 0 0 134317371 141180007 0 0 2450134 74493004 79079698 262317005 274677631 8022470 6770349 467126295 514650059 196480008 243807999 270646287 270842060 X In fulfilling this mission, the University supports undergraduate, graduate, and professional learning as well as basic research and its application in service to others. As a university committed to excellence and innovation, Mercer challenges members of its community to meet and exceed high standards in their teaching, learning, research, scholarship and service. Founded by Baptists in 1833, Mercer is an independent university that remains grounded in a tradition that embraces freedom of the mind and spirit, cherishes the equal worth of every individual, and commits to serving the needs of humankind. As a reflection of this heritage: o We encourage our students to discover and develop fully their unique combination of gifts and talents to become leaders who make a positive difference in the world. o We seek to inspire members of our community to live virtuous and meaningful lives by using their gifts and talents to serve the needs of humankind as an expression of their love for God a false false 86843364 INSTRUCTION THE UNIVERSITY HAS 11 COLLEGES AND SCHOOLS. THESE EXPENSES ARE RELATED TO THE DIRECT INSTRUCTION OR TEACHING OF HIGHER EDUCATION. 52412808 52412808 Scholarship The University has 11 colleges and schools. These expenses are related to the support provided to the students based on donor stipulation, need, and merit. 23704627 Academic Support These expenses include providing library services and academic program development to the Provost and Deans of each college. 28865681 2005118 Research 26098990 Auxillary Services 24119024 Student Services 5298286 Public Services 1632657 Other 86014638 2005118 248975437 true true false true false false true false false true true true false false true true false true true false true false false false true false false true true true true false false false false false false false false false true true false false false true true false false false false true 530 0 true 3812 true true true false false false false true true false false false false false X 50 48 true false false false false false false true true false false true true true true true true true true false GA X WILLIAM G SOLOMON 4783012771 1400 COLEMAN AVENUE MACON GA 31207 WILLIAM DAVID UNDERWOOD 55.0 X X 327186 0 81122 WILLIAM H ANDERSON II 1.0 X 0 0 0 KELLIE R APPEL 1.0 X 0 0 0 BARBARA BAUGH 1.0 X 0 0 0 GUS H BELL III 1.0 X 0 0 0 JAMES A BISHOP 1.0 X 0 0 0 THOMAS P BISHOP 1.0 X 0 0 0 THOMAS B BLACK 1.0 X 0 0 0 DONALD E BAXTER 1.0 X 0 0 0 RODDY JH CLARK 1.0 X 0 0 0 JAMES H COWART 1.0 X 0 0 0 DWIGHT J DAVIS 1.0 X 0 0 0 C GREG DELOACH III 1.0 X 0 0 0 W HOMER DRAKE JR 1.0 X 0 0 0 JAMES C ELDER JR 1.0 X 0 0 0 WILLIAM A FICKLING KR 1.0 X 0 0 0 C BRUCE GORDY 1.0 X 0 0 0 WM ANDREW HAGGARD 1.0 X 0 0 0 ROBERT F HATCHER SR 1.0 X 0 0 0 MIRIAM M HOLLAND 1.0 X 0 0 0 DAVID E HUDSON 1.0 X 0 0 0 W MANSFIELD JENNINGS 1.0 X 0 0 0 SPENCER B KING III 1.0 X 0 0 0 DAVID E LINCH 1.0 X 0 0 0 THOMAS W MALONE 1.0 X 0 0 0 JAMES THOMAS MCAFEE III 1.0 X 0 0 0 MALCOLM S BURGESS JR 1.0 X 0 0 0 SAM MITCHELL 1.0 X 0 0 0 G MARSHALL BUTLER 1.0 X 0 0 0 JOHN W COLLIER 1.0 X 0 0 0 J REG MURPHY 1.0 X 0 0 0 M DIANE OWENS 1.0 X 0 0 0 JULIE PENNINGTON-RUSSELL 1.0 X 0 0 0 MILTON L CRUZ 1.0 X 0 0 0 L RICHARD PLUNKETT JR 1.0 X 0 0 0 LINDA WILLIS EYDT 1.0 X 0 0 0 W LOUIS SANDS 1.0 X 0 0 0 NANCY A GRACE 1.0 X 0 0 0 DUDLEY HORTON 1.0 X 0 0 0 ROBERT L STEED 1.0 X 0 0 0 HUGH P THOMPSON 1.0 X 0 0 0 JACKSON P TURNER JR 1.0 X 0 0 0 JAMES T TURNER JR 1.0 X 0 0 0 CAROLYN TOWNSEND MCAFEE 1.0 X 0 0 0 HOWELL L WATKINS II 1.0 X 0 0 0 WILLIAM L SELF 1.0 X 0 0 0 WILLIAM G WILSON 1.0 X 0 0 0 CATHY CALLAWAY ADAMS 1.0 X 0 0 0 FRANK C JONES 1.0 X 0 0 0 RICHARD A SCHNEIDER 1.0 X 0 0 0 WILLIAM G SOLOMON IV 55.0 X 205218 0 39061 JAMES SIDNEY NETHERTON 55.0 X 268828 0 43408 JULIA TRAVIS DAVIS 55.0 X 131000 0 14906 DAVID SCOTT DAVIS 55.0 X 207844 0 48369 PENNY LORAINE ELKINS 55.0 X 202263 0 36792 DAVID TAYLOR BARWICK 55.0 X 233477 0 63022 WILLIAM F BINA 55.0 X 320737 0 42914 LARRY D BRUMLEY 55.0 X 198249 0 38411 CARL R MARTRAY 55.0 X 170230 0 34004 HEWITT MATTHEWS 55.0 X 234917 0 45715 RICHARD V SWINDLE 55.0 X 236587 0 45206 JOHN A PATTERSON 55.0 X 186544 0 40718 JOHN A HUDSON 55.0 X 512731 0 48082 JOHN CHARLES HAWKINS 55.0 X 507210 0 18585 AHMED I SHAH 55.0 X 357315 0 18580 DOUGLAS PAUL FARMAN 55.0 X 503770 0 34390 HAROLD P KATNER 55.0 X 296469 0 42910 5100575 0 736195 206 false true false ARAMARK SERVICES 1400 Coleman Avenue MACON GA 31207 FOOD SERVICES 4272871 NATIONAL MANAGEMENT SERVICES PO Box 1224 LAGRANGE GA 30241 custodial services 2788879 GEORGIA POWER 96 ANNEX ATLANTA GA 30396 UTILITIES 3347972 PEARCE ADMINISTRATION PO BOX 71326 PHILADELPHIA PA 191761326 INSURANCE CARRIER 2516294 SHERIDAN CO PO BOX 4441 MACON GA 31208 CONTRACTOR 7436942 103 48544 49419834 16271153 1847563 65739531 TUITION AND FEES 900099 183589637 183589637 0 0 AUXILIARY SERVICES 900099 20402859 20402859 0 0 203992496 4804467 0 -34714 4839181 0 0 193096 184324 8772 8772 0 8772 0 13564074 153861 13127502 172452 436572 -18591 417981 417981 100269 48544 131615 -31346 0 -31346 0 928407 959438 -31031 0 0 -31031 MISCELLANEOUS 900099 6547110 6547110 0 0 6547110 281447980 210539606 -25942 5194785 2005118 2005118 52412808 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4809903 3833222 0 0 29740692 31140341 196480008 243807999 X 74944221 73793332 10641149 12380455 185060917 184668273 270646287 270842060 467126295 514650059 X 6770349 -6574576 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false true 78150 false false true 167969 false false 246119 false false Lobbying Expenses Schedule C, Part II-B, Line 1 Mercer University retains a consultant, Hurt, Norton, and ASSOCIATES, TO PROMOTE LEGISLATION WHICH WOULD PROVIDE MERCER UNIVERSITY WITH FEDERAL FUNDS FOR USE OF VARIOUS UNIVERSITY PROJECTS AND PROGRAMS. ADDITIONALLY, A UNIVERSITY STAFFPERSON WORKED TO SECURE STATE APPROPRIATIONS. X 2 1 1 0 1 false 24.00 480 true 196964111 2766514 -6964252 1101228 191665145 160222432 6838374 34868885 4965580 196964111 147597621 4872271 12388627 4636087 160222432 191395824 8282060 -46204929 5875334 147597621 0.07494 0.92506 0.00000 false false 15661481 15661481 300883924 128785679 172098245 18849749 10767763 8081986 89136540 60884229 28252311 10152121 10152121 234246144 PERPETUAL TRUSTS 55891471 F HEDGED EQUITY FUNDS 27974590 F REAL ASSET FUNDS 10477637 F PRIVATE EQUITY FUNDS 10454299 F REMAINDER INTEREST TRUST 6782285 F MISCELLANEOUS INVESTMENTS 12326425 F CASH AND CASH EQUIVALENTS 958040 F 124864747 0 ADVANCES FROM FEDERAL GOVERNMENT 15109589 ASSET RETIREMENT OBLIGATION 5470720 INTEREST RATE SWAP 5811505 ANNUITY OBLIGATIONS 3054892 POST RETIREMENT BENEFITS 1366134 CAPITAL LEASES OBLIGATIONS 327501 31140341 281447980 274677631 6770349 -4954595 -4492863 -9447458 -2677109 225150671 -4954595 6312806 1358211 223792460 57655520 57655520 281447980 227827780 5562957 5562957 222264823 52412808 52412808 274677631 Conservation Easements Schedule D, Part II, Line 9 When Mercer University received the funds for the Grand Opera House, they were reported as auxiliary revenue and auxiliary expenses. Funds spent on capital items were reported on the balance sheet as a building renovation. Funds received for the Hardeman building were recorded as private gifts/grants and operations expenses. Funds spent on capital items were reported on the balance sheet as a building renovation. There is no footnote describing Mercer University's accounting for conservation easements in the audited financial statements for the year ended June 30, 2012. Endowment Funds Schedule D, Part V, Line 4 The corpus is held in perpetuity. The earnings (unrealized, realized , and earnings) are used to pay investment fees for the individual funds, pay the investment advisor, and fund the annual approved spending allocation. The spending allocation funds the specific expense for which the donor provided the endowment fund. Schedule D, Part X, Line 2 FIN 48 (ASC 740) Footnote The University 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)(1) of the Code, is subject to federal income tax. The University's management has reviewed its tax positions and determined that it does not have material unrecognized tax positions that should be reflected in the combined financial statements for 2012. Schedule D, Part XI, line 8 Other Net Income from Mercer Housing Corporation 471,865 Change in Value of Split- Interest Agreements 277,984 Change in Fair Value of Interest Rate Swap (1,406,948) Change in Beneficial Interest in Perpetual Trusts (3,835,764) ----------- Total (4,492,863) Schedule D, Part XII, Line 2d Amounts included on line 1 but not on form 990, Part VIII, Line 12 Mercer Housing Corporation Revenue 6,034,822 Change in Value of Split- Interest Agreements 277,984 --------- Total 6,312,806 Schedule D, Part XII, Line 4b Amounts Included on Form 990, Part VIII, Line 12 but not on line 1 Student Assistance Reclass 52,412,808 Change in Fair Value of Interest Rate Swap 1,406,948 Change in Beneficial Interest in Perpetual Trusts 3,835,764 ------------ Total 57,655,520 Schedule D, Part XIII, Line 2d Amounts Included on Line 1 but not on Form 990, Part IX, Line 25 Mercer Housing Corporation Expenses 5,562,957 ---------- Total 5,562,957 Schedule D, Part XIII, Line 4b Amounts Included on Form 990, Part VIII, Line 25 but not on line 1 Student Assistance Reclass 52,412,808 ----------- Total 52,412,808 true true true true true true true false false false false false false false false true false true SCHEDULE E- EXPLANATION FOR LINE 3 JOB POSTINGS AND OTHER VARIOUS PUBLICATIONS. THE UNIVERSITY CATALOG POSTS THE REQUIREMENTS FOR ADMISSION, NONE OF WHICH ARE RACIALLY DISCRIMINATING. SCHEDULE E- EXPLANATION FOR LINE 6A THE UNIVERSITY PARTICIPATES IN THE FOLLOWING PROGRAMS: FEDERAL PELL GRANTS, FEDERAL ACADEMIC COMPETIVENESS GRANTS (ACG), FEDERAL NATIONAL SCIENCE AND MATHEMATICS ACCESS TO RETAIN TALENT GRANTS (NATIONAL SMART GRANT), FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS (FSEOG), FEDERAL SUBSIDIZED STAFFORD LOANS, FEDERAL PERKINS LOANS, FEDERAL PARENT (PLUS) LOANS, AND FEDERAL WORK STUDY PROGRAM. THE UNIVERSITY ALSO RECEIVES VARIOUS FEDERAL GRANT AND CONTRACTS FOR ACADEMIC AND SCIENTIFIC RESEARCH. true East Asia and the Pacific 0 0 Program Services Study Abroad South America 0 0 Program Services Study Abroad Central America and the Caribbean 0 0 Program Services Study Abroad Sub-Saharan Africa 0 0 Program Services Study Abroad Middle East and North Africa 0 0 Program Services Study Abroad 0 0 0 0 true false false false false false ATHLETIC RAFFLE 44100 44100 26300 20600 AUTHORS LUNCH 47964 39524 8440 40549 3 56749 9020 47729 44166 148813 48544 100269 26300 105315 131615 -31346 true ANDROMEDA SYSTEMS INC 2233 PARK AVE ORANGE PARK FL 32073 203595072 44685 0 n/a n/a ENGINEERING SERVICES WAYNE STATE UNIVERSITY PO BOX 02788 DETROIT MI 48202 383555142 501(c)(3) 26636 0 n/a n/a UNIVERSITY OF CONNECTICUT HEALTH CENTER 263 FARMINGTON AVE FARMINGTON CT 060305335 521725543 GOVT 157886 0 n/a n/a DUBLIN ORTHOPEDICS & REHAB PO BOX 368 DUBLIN GA 31040 581707928 36625 0 n/a n/a MEDICAL CONSULTING UNIVERSITY OF TEXAS AT AUSTIN PO BOX 7159 AUSTIN TX 78712 746000203 GOVT 16620 0 n/a n/a ROSE-HULMAN INSTITUTE OF TECHNOLOGY 5500 WABASH AVE TERRE HAUTE IN 47803 350868149 501(c)(3) 33288 0 n/a n/a CONSULTING SERVICES SF INDUSTRIAL 105 HEMBREE PARK DRIVE SUITE G ROSWELL GA 30076 582663634 210042 0 n/a n/a FABRICATION SERVICES MEDICAL COLLEGE OF GEORGIA PO BOX 945552 ATLANTA GA 30394 586002053 GOVT 36245 0 n/a n/a POLYTRONIX 805 ALPJA DRIVE RICHARDSON TX 75081 200440938 69000 0 n/a n/a ENGINEERING SERVICES WAKE FOREST UNIVERSITY MEDICAL CENTER BLVD WINSTONSALEM NC 27157 560532136 501(C)(3) 17473 0 N/A N/A PI-TECH INC PO BOX 6631 MACON GA 31208 582354718 190492 0 N/A N/A ENGINEERING SERVICES QUALTEST INC 5325 OLD WINTER GARDEN RD ORLANDO FL 32811 592690412 38120 0 N/A N/A TESTING SERVICES ANMED HEALTH 800 NORTH FANT STREET ANDERSON SC 29621 570359174 501(c)(3) 24401 0 N/A N/A MID SOUTH MACHINE & TOOL INC 240 NW INDUSTRIAL BLVD MACON GA 31216 582271851 63600 0 N/A N/A FABRICATION SERVICES TECHNICAL DATA ANALYSIS INC 3190 FAIRVIEW DRIVE STE 650 FALLS CHURCH VA 22042 541869259 7069 0 N/A N/A ENGINEERING SERVICES PRECISION STANDARD 721 E SARATOGA ST FERNDALE MI 48220 382246419 55000 0 N/A N/A FABRICATION SERVICES L & G TECHNOLOGY SERVICES 300 N W INDUSTRIAL BLVD MACON GA 31216 043767246 9626 0 N/A N/A PAINTING SERVICES ADVANCED COMPLIANCE SOLUTIONS INC 5015 B U BOWMAN DR BUFORD GA 30518 582608642 12000 0 N/A N/A TESTING SERVICES NSWC CRANE 300 HWY 361 CRANE IN 47522 350995163 GOVT 54500 0 N/A N/A TESTING SERVICES WILLBROOK SOLUTIONS INC 4811 A BRADFORD DRIVE HUNTSVILLE AL 35805 205868013 527175 0 N/A N/A ENGINEERING SERVICES QTEC INC 700 BOULEVARD SOUTH STE 203 HUNTSVILLE AL 35802 630972823 318165 0 N/A N/A ENGINEERING SERVICES DAYTON T BROWN INC 1175 CHURCH STREET BOHEMIA NY 11716 111638929 20266 0 N/A N/A TESTING SERVICES THERMOPRO INC 1600 CROSS POINTE WAY STE D DULUTH GA 30097 582003230 9487 0 N/A N/A ENGINEERING SERVICES AMTECH CORPORATION 500 WYNN DRIVE STE 314 HUNTSVILLE AL 35816 630971006 6654 0 N/A N/A SOFTWARE PROGRAMMING 8 16 Student Financial aid assistance 6950 52412808 n/a n/a Monitoring Use of Grants Schedule I, Part I, Line 2 Assistance to Mercer University students in the form of scholarships are awardeY for the purpose of aiding with the cost of attending the university, i.e. for tuition, housing, and meals. Scholarships are based on academic achievement, need, and other donor requirements such as location of residence. Mercer University has criteria for the eligibility requirements needed to award a scholarship. Academic Scholarships are based on SAT scores and Grade Point Averages and are awarded by the Office of Admissions. Need based grants are made by the Office of Financial Planning and are made utilizing the federal need formula (FAFSA application). Students must be enrolled full-time to receive University scholarships/grants. Generally speaking, FAFSA data is verified for students who are selected for verification by the federal student aid program. X X X true true X X false false false false false false false false false WILLIAM DAVID UNDERWOOD 327186 0 0 0 0 0 24204 0 56918 0 408308 0 0 0 WILLIAM G SOLOMON IV 205218 0 0 0 0 0 21112 0 17949 0 244279 0 0 0 JAMES SIDNEY NETHERTON 268828 0 0 0 0 0 24500 0 18908 0 312236 0 0 0 DAVID TAYLOR BARWICK 233477 0 0 0 0 0 24500 0 38522 0 296499 0 0 0 WILLIAM F BINA 320737 0 0 0 0 0 24500 0 18414 0 363651 0 0 0 LARRY D BRUMLEY 198249 0 0 0 0 0 20489 0 17922 0 236660 0 0 0 CARL R MARTRAY 170230 0 0 0 0 0 17500 0 16504 0 204234 0 0 0 DAVID SCOTT DAVIS 207844 0 0 0 0 0 22000 0 26369 0 256213 0 0 0 PENNY LORAINE ELKINS 202263 0 0 0 0 0 20486 0 16306 0 239055 0 0 0 HEWITT MATTHEWS 234917 0 0 0 0 0 24121 0 21594 0 280632 0 0 0 RICHARD V SWINDLE 236587 0 0 0 0 0 24500 0 20706 0 281793 0 0 0 JOHN A HUDSON 512731 0 0 0 0 0 21669 0 26413 0 560813 0 0 0 JOHN A PATTERSON 186544 0 0 0 0 0 19900 0 20818 0 227262 0 0 0 JOHN CHARLES HAWKINS 507210 0 0 0 0 0 0 0 18585 0 525795 0 0 0 AHMED I SHAH 357315 0 0 0 0 0 0 0 18580 0 375895 0 0 0 DOUGLAS PAUL FARMAN 503770 0 0 0 0 0 13380 0 21010 0 538160 0 0 0 HAROLD P KATNER 296469 0 0 0 0 0 19898 0 23012 0 339379 0 0 0 SCHEDULE J, PART I, LINE 1A HOUSING ALLOWANCE, PERSONAL SERVICES, AND CLUB DUES WILLIAM UNDERWOOD, MERCER UNIVERSITY PRESIDENT, RECEIVED A PROVISION OF HOUSING, INCLUDING CUSTODIAL SERVICES, FOR BUSINESS USE. NOT TREATED AS TAXABLE COMPENSATION. JAMES NETHERTON, SENIOR VICE PRESIDENT OF ADMINISTRATION AND FINANCE, RECEIVED A CORPORATE MEMBERSHIP TO A SOCIAL CLUB. NOT TREATED AS TAXABLE INCOME. PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY 581407780 74265LTG3 2006-05-19 22040000 FINANCE CAPITAL IMRPOVEMENTS false false false PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY 581407780 74265lyj7 2006-05-19 26150000 REFUNDING SERIES 2001 false false false PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY 581407780 74265LYG7 2011-10-19 20000000 SEE SCHEDULE O false false false PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY 581407780 74265LYV4 2012-02-16 81211311 REFUNDING SERIES 1999A & 2003 false false false 6705000 0 22040000 2000000 0 0 400665 139335 0 19500000 0 0 2011 false false true true 855000 0 26150000 0 0 25577910 406772 165318 0 0 0 0 2016 false true true true 0 0 20000000 0 0 0 361480 247550 0 19390970 0 0 false false false true 0 0 81211311 0 0 0 0 0 0 0 81211311 0 2005 true false true true false false false false true 0.00000 0.00000 0.00000 true false false false false true 0.00000 0.00000 0.00000 true false false false false true 0.00000 0.00000 0.00000 true false false false false true 0.00000 0.00000 0.00000 true true true false 0 true SOCIETE GENERALE 30.3 true false true false true true LEHMAN BROTHERS 10.5 false false false 0 true false false true false 0 false 0 false true false false false 0 false 0 false true DEVELOPMENT AUTHORITY OF BIBB COUNTY 581445945 2009-01-20 4250000 FINANCE ENTERPRISE RESOURCE PLANNI false false false 1700000 0 4250000 0 0 0 45350 0 0 4204650 0 0 2011 false false true true false false false false true 0.00000 0.00000 0.00000 true false true false 0 false 0 false true KING SPALDING 3 PTRS ON BOARD OF DIR 25381 LEGAL SERVICES false X 8 6620 FMV X 4251 FMV X 31249 FMV X 6 411353 FMV X 3 1122000 FMV X 27 1806 FMV X 1 525 FMV X MISCELLANEOUS 60 269759 FMV 4 false true false Voting Board Members Form 990, Part VI, Section A, Line 1a The affairs of the Corporation are managed and controlled by a Board of Trustees, consisting of forty-five (45) regular members who serve for terms of five (5) years each, and no more than ten (10) Life Trustees who serve for life. Currently, there is one (1) Life Trustee serving on the Board of Trustees. The President of the University also serves as an ex officio member of the Board of Trustees. Each of these members of the Board of Trustees has the power to vote. During the intervals between meetings of the Board of Trustees, the Executive Committee possesses and may exercise all the powers of the Board in the management and direction of the business and affairs of the Corporation in all cases in which specific direction has not have been given by the Board. The Bylaws of the Corporation provide that the Executive Committee shall consist of the Chairman of the Board and the President ex officio and not less than seven (7) additional members chosen from the membership of the Board. All of the members of the Executive Committee are voting members of the Board of Trustees. Independent Board Members Form 990, Part VI, Section A, Line 1b The President of the University, who serves as an ex officio voting member of the board of trustees, is compensated as an officer of the corporation. A current partner of the law firm King & Spalding, LLP, which the university had a business tranasction with reported on Schedule L, also serves as a voting member of the board of trustees. These are the only two members of the corporation's governing body who are not considered to be "independent." Family and Business Relationship Form 990, Part VI, Section A, Line 2 Members of the Board of Trustees Carolyn T. McAfee and J. Thomas McAfee III have a family relationship (mother and son). Members of the Board of Trustees David E. Linch and Nancy A. Grace have a family relationship (husband and wife). Mercer University owns stock in MidCountry Financial Corp. Mercer University President William D. Underwood serves on MidCountry Financial Corp Board of Directors, and MidCountry Financial Corp President and Chief Executive Officer Robert F. Hatcher serves as a member of the Board of Trustees. Member of the Board of Trustees Richard A. Schneider is a partner in the law firm of King & Spalding, LLP, Members of the Board of Trustees Frank C. Jones and Dwight J. Davis are retired partners in the law firm of King & Spalding, LLP, Life Trustee Robert L. Steed is a retired partner of King & Spalding, LLP. King & Spalding, LLP represents Mercer University in various legal matters from time to time. review of 990 Form 990, Part VI, Section B, Line 11B Prior to filing, the Form 990 was reviewed in detail by the Executive Committee of the Board of Trustees, and a copy of the finalized Form 990 was then distributed to all members of the Board of Trustees prior to filing. monitor and enforce compliance wtih written conflict of interest policy form 990, part vi, section b, line 12c At each annual meeting of the Board of Trustees, each Trustee, officer, and key employee of the University is required to (a) to review the institution's Conflict of Interest Policy for Trustees, Officers, and Key Employees; (b) to disclose any possible personal, familial or business relationships that reasonably could give rise to a conflict of interest involving the University; and (c) to acknowledge by his or her signature that he or she is in accordance with the letter and spirit of the Conflict of Interest Policy. All Trustees, officers and key employees are required to list on a Disclosure Form for Trustees, Officers, and Key Employees those substantive relationships that they maintain (or members of their families maintain) with organizations that do business with the University, or that otherwise could be construed to potentially affect their independent, unbiased judgment in light of their decision-making authority or responsibility. In the event a Trustee, officer or key employee is uncertain as to the appropriateness of listing a particular relationship, the Chair of the Board of Trustees and/or the President is consulted. They, in turn, may elect to consult with legal counsel, the Executive Committee, or the Board of Trustees in executive session. These disclosure forms are collected by the Secretary of the Corporation, and copies are provided annually to the University's independent auditors. Trustees, officers, and key employees who have declared or been found to have a conflict of interest are required to refrain from participating in consideration of proposed transactions, unless for special reasons the Board or administration requests information or interpretation. Persons with conflicts are not allowed to vote or be present at the time of the vote on such transactions. Whenever the Board of Trustees holds a meeting at which (a) a Trustee's, officer's, or key employee's financial interest in a matter is disclosed, (b) a determination regarding the existence of a conflict of interest is made, or (c) a transaction or arrangement with respect to which a Trustee, officer, or key employee has a conflict of interest is considered, the Board's consideration of these issues is documented in the minutes of the meeting. In the interim between annual meetings, each Trustee, officer, and key employee has an ongoing obligation to notify the Board of Trustees promptly of any actual, apparent or potential conflict of interest as it arises. determining compensation Form 990, Part VI, Section B, Line 15a & 15B The Executive Committee of the Board of Trustees has established a Compensation Committee, comprised of the Chair of the Board of Trustees, the Chair of the Executive Committee, and the Chair of the Finance, Investment and Property Committee, each of whom is an independent voting member of the University's governing body. On an annual basis, the Compensation Committee establishes the compensation arrangements for the President of the University, and also reviews the compensation arrangements for each University officer and other key employee who is in a position to exercise substantial influence over the affairs of the University to ensure that such compensation arrangements are reasonable. In carrying out this process, the Compensation Committee obtains and relies upon appropriate comparability data and concurrently documents the basis for its deliberations and decisions. No person having a conflict of interest with respect to the compensation arrangement for any University officer or key employee is present during the discussion and approval of such compensation arrangements. making governing documents, conflict of interest policy, and financial statements available to the public. Form 990, Part VI, Section C, Line 19 The University makes its governing documents (i.e., Articles of Incorporation and Bylaws) and its conflict of interest policy available to the general public by posting them on the institution's Web site (http://www.mercer.edu). On an annual basis, the University makes its audited financial statements available to the general public by continuing disclosure through the Electronic Municipal Market Access (EMMA) system of the Municipal Securities Rulemaking Board (MSRB) (http://emma.msrb.org). OTHER CHANGES IN NET ASSETS FORM 990, PART XI, LINE 5 TRANSFER FROM MERCER HOUSING CORPORATION 3,344,748 CHANGE IN FV OF SPLIT INTEREST 277,984 UNREALIZED LOSSES (4,954,595) CHANGE IN FV OF INTEREST RATE SWAP (1,406,949) CHANGE IN VALUE OF BENEFICIAL TRUSTS (3,835,764) ------------ TOTAL (6,574,576) FORM 990, SCHEDULE K, PART I, LINE C DESCRIPTION OF PURPOSE PURPOSE OF 2011 BOND ISSUED BY PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY WAS FOR THE FOOTBALL STADIUM, WELCOME CENTER, DOUGLAS COUNTY BUILDING, AND CERTAIN COSTS OF ISSUANCE. Mercer Medicine LLC 1400 Coleman Avenue Macon GA 31207 204846017 Practice Plan GA 0 0 na Abram properties LLC 1400 Coleman Avenue Macon GA 31207 580566167 Property Inv GA 0 0 na Aliel Park Investments LLC 1400 Coleman Avenue Macon GA 31207 580566167 property Inv GA 0 0 na Preschool Properties LLC 1400 Coleman Avenue Macon GA 31207 580566167 Property Inv GA 0 0 na Emery Hawkins LLC 1400 Coleman Avenue Macon GA 31207 580566167 Property Inv GA 0 0 na Noco Holdings Limited Company 1400 Coleman Avenue Macon GA 31207 261955280 property inv GA 0 0 na Mercer Housing Corporation 1400 COLEMAN AVENUE MACON GA 31207 582445350 educ/housing GA 501(c)(3) 11 na false Center for Health and Learning Inc 3001 MERCER UNIVERSITY DRIVE ATLANTA GA 30341 262442849 healthcare GA 501(c)(3) 11 na false CHARITABLE REMAINDER UNITRUSTS (8) 1400 COLEMAN AVENUE MACON GA 31207 CHAR TRUST GA MERCER UNIV TRUST CHARITABLE REMAINDER ANNUITY TRUSTS (16) 1400 COLEMAN AVENUE MACON GA 31207 CHAR TRUST GA MERCER UNIV TRUST CHARITABLE REMAINDER TRUSTS (3) 1400 COLEMAN AVENUE MACON GA 31207 CHAR TRUST GA MERCER UNIV TRUST false false false false false false false false false false false false true true true false false false