2012-11-09T15:00:21-06:00 2012-06-30 CROWE HORWATH LLP 9600 Brownsboro Road Suite 400 Louisville KY 402411122 990 2011-07-01 610444780 SPALDING UNIVERSITY INC SPAL 5025859911 845 South Third Street Louisville KY 402032188 TORI MURDEN MCCLURE 2012-10-24 true Rachel Spurlock P00520729 5023263996 2011 2016-02-24 21:20:13Z TORI MURDEN MCCLURE 845 South Third Street Louisville KY 402032188 42197830 false X WWW.SPALDING.EDU X 1984 KY SPALDING UNIVERSITY IS A CO-EDUCATIONAL, INDEPENDENT INSTITUTION FULLY ACCREDITED BY THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS AS A DOCTORAL LEVEL INSTITUTION. WITH 2,432 STUDENTS, THE UNIVERSITY OFFERS PROGRAMS IN NURSING, OCCUPATIONAL THERAPY, SOCIAL WORK, PSYCHOLOGY, CREATIVE WRITING AND EDUCATION AND OTHERS. 26 26 867 200 0 0 1175301 1993507 31807265 34230768 -48785 704316 405008 429751 33338789 37358342 2926124 5150068 0 0 16634505 17603670 0 0 370449 9222032 11733447 28782661 34487185 4556128 2871157 45092899 47634945 18077988 17861256 27014911 29773689 SPALDING UNIVERSITY IS A DIVERSE COMMUNITY OF LEARNERS DEDICATED TO MEETING THE NEEDS OF THE TIMES IN THE TRADITION OF THE SISTERS OF CHARITY OF NAZARETH THROUGH QUALITY UNDERGRADUATE AND GRADUATE LIBERAL AND PROFESSIONAL STUDIES, GROUNDED IN SPIRITUAL VALUES, WITH EMPHASIS ON SERVICE AND THE PROMOTION OF PEACE AND JUSTICE. false false 28796499 5150068 34396355 INSTRUCTION FOR STUDENTS: AS A DOCTORAL LEVEL INSTITUTION WITH 2,432 STUDENTS, THE UNIVERSITY OFFERS DEGREE PROGRAMS IN HUMANITIES, SOCIAL SCIENCE, HEALTH AND NATURAL SCIENCE, EDUCATION, BUSINESS AND COMMUNICATION. THESE INCLUDE PSYCHOLOGY, CREATIVE WRITING, NURSING, OCCUPATIONAL THERAPY, SOCIAL WORK AND ADVANCED TEACHER EDUCATION, AMONG OTHERS. ACADEMIC SUPPORT: ORGANIZED ACTIVITIES RELATED TO EDUCATIONAL DEPARTMENTS AIM TO BOLSTER THE ACADEMIC SUCCESS OF STUDENTS BY MEETING THEIR INDIVIDUAL NEEDS. THESE INCLUDE THE LIBRARY, RESEARCH, AND THE ACADEMIC RESOURCE CENTER (TUTORING AND ADVISING PROGRAMS, THE UNIVERSITY MATH LAB AND THE UNIVERSITY WRITING CENTER, AS WELL AS PROGRAMS FOR AS ENGLISH-LANGUAGE LEARNERS (ELL) AND FIRST-GENERATION COLLEGE STUDENTS). STUDENT SERVICES: A COMPREHENSIVE SUPPORT SYSTEM FOR STUDENTS FROM INITIAL INQUIRY TO GRADUATION. THESE INCLUDE THE OFFICES OF ADMISSION, FINANCIAL AID, REGISTRAR, BURSAR, CAMPUS DEVELOPMENT AND STUDENT LIFE (INCLUDING THE STUDENT GOVERNMENT ASSOCIATION AND STUDENT-RUN CLUBS), ATHLETICS AND ON-CAMPUS EXTRACURRICULAR AND CULTURAL EVENTS. 28796499 true true false false false false true false true true false false false true true true false true false false false false false true true false false true true true false false false false false false false false true false false false false false false true false false false false true 2686 1 true 867 true false false false false false true true false false false false X 26 26 false false false false false false false true true false false true true true true true true false true false KY X Mark Hohmann 5025859911 845 South Third Street Louisville KY 402032188 BETH NIBLOCK 1.00 X X 0 0 0 BILL WEYLAND 1.00 X X 0 0 0 BRIAN B REYNOLDS 1.00 X X 0 0 0 JON A MEYER 1.00 X X 0 0 0 PAUL RATTERMAN 1.00 X X 0 0 0 ALFONSO N CORNISH 1.00 X 0 0 0 ANDREW G BESHEAR 1.00 X 0 0 0 ANGELA LEET 1.00 X 0 0 0 CHRISTE COE 1.00 X 0 0 0 CORDELL LAWRENCE 1.00 X 0 0 0 DANA JACKSON 1.00 X 0 0 0 DAVID C FANNIN 1.00 X 0 0 0 DAVID KAREM 1.00 X 0 0 0 DEVONE HOLT 1.00 X 0 0 0 HELEN DONALDSON 1.00 X 0 0 0 JAMES A MORRIS 1.00 X 0 0 0 JAMES RISSLER 1.00 X 0 0 0 JANET GEURIN MULLER 1.00 X 0 0 0 JEFF BRINGARDNER 1.00 X 0 0 0 M SERRA GOETHALS SCN 1.00 X 0 0 0 MARY WOLFORD 1.00 X 0 0 0 NANCY L WARFIELD 1.00 X 0 0 0 NEAL RICHMOND MD 1.00 X 0 0 0 PAUL CHRISCO 1.00 X 0 0 0 PERRY E SANGALLI ED D 1.00 X 0 0 0 ROSE HOWARD SCN 1.00 X 0 0 0 TONY BENNETT 1.00 X 0 0 0 WILLIAM BLODGETT 1.00 X 0 0 0 WILLIAM E SUMMERS V 1.00 X 0 0 0 LEWIS RANDY STRICKLAND 40.00 X 216697 0 22671 MARK P HOHMANN 40.00 X 47254 0 6944 RICK HUDSON 40.00 X 99647 0 25119 TORI M MCCLURE 40.00 X 244439 0 33736 BEVERLY KEEPERS 40.00 X 121624 0 10891 JOANNE BERRYMAN 40.00 X 115797 0 21230 JOHN JAMES PHD 40.00 X 116708 0 42439 LAURA STRICKLAND 40.00 X 111906 0 16371 MICHELLE REISS 40.00 X 119363 0 11108 1193435 0 190509 10 false true false JONES LANG & LASALLE PO BOX 2847 LOUISVILLE KY 40201 MAINTENANCE AND CUSTODIAL 552097 SECURITAS SECURITY SERVICES PO BOX 403412 ATLANTA GA 303843412 SECURITY SERVICES 318149 BROWN HOTEL 335 WEST BROADWAY LOUISVILLE KY 40202 HOTEL ROOMS AND CATERING 238388 DATATEL 4375 FAIR LAKES COURT FAIRFAX VA 22033 COMPUTER SERVICES 230568 MATRIX INTEGRATION 417 MAIN STREET JASPER IN 47546 IT SERVICES 176650 6 32823 1960684 20700 1993507 TUITION AND FEES 611600 32340387 32340387 ENTECH PROGRAM 611600 226212 226212 MASTER OF FINE ARTS PROGRAM 611600 351087 351087 RESIDENCE HALL 611600 639168 639168 SPONSORED PROGRAMS 611600 315767 315767 358147 358147 0 0 34230768 179375 179375 0 0 0 0 0 5299613 4770182 4490 529431 -4490 524941 524941 62000 32823 48907 13093 13093 24800 15909 8891 8891 0 FOOD SERVICE 611600 215736 215736 FEES 611600 82496 82496 PARKING 611600 26444 26444 83091 83091 0 0 407767 37358342 34396355 0 968480 0 5150068 5150068 0 0 721881 123870 598011 129978 129978 13478385 11699548 1533322 245515 686152 573207 96981 15964 1562996 962703 583584 16709 1024278 866639 139445 18194 0 29271 29271 101905 101905 0 0 61646 61646 956218 684650 238701 32867 452828 452828 3217548 2719418 478062 20068 356816 12895 343921 0 1891039 1862261 24293 4485 391167 365483 20282 5402 0 0 74238 74238 0 1192777 1163960 24326 4491 96746 18303 78443 MASTER OF FINE ARTS PROGRAM 468052 468052 MINOR EQUIPMENT 223771 210560 13211 BAD DEBT 308384 308384 PROFESSIONAL DEVELOPMENT 225892 177763 43954 4175 1685149 1298757 383813 2579 34487185 28796499 5320237 370449 0 6655311 4311666 152612 959326 364459 502371 1836860 1808438 500680 676612 38297250 18530156 19349719 19767094 14740382 18444152 0 0 0 0 1492876 1165286 45092899 47634945 1124941 941115 1468641 1590577 12190000 11485000 3294406 3844564 18077988 17861256 X 16497046 18070914 2886534 4045354 7631331 7657421 27014911 29773689 45092899 47634945 X 2871157 -112379 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 36705 X false 11517346 50071 -201425 11365992 0 11517346 11517346 0 0 0 0.09600 0.67400 0.23000 false false 2083345 2083345 22827257 7793638 15033619 0 12709686 10210255 2499431 676962 526263 150699 19767094 0 ACCRUED FAIR VALUE OF INTEREST RATE SWAP AGREEMENT 1857876 CAPITAL LEASES 45088 OTHER LONG TERM LIABILITIES 549534 REFUNDABLE GOVERNMENT LOANS 1392066 3844564 37358342 34487185 2871157 -798335 685956 -112379 2758778 31543938 -798335 195645 -602690 32146628 61646 5150068 5211714 37358342 28785159 69307 69307 28715852 61646 5709687 5771333 34487185 Collections of art - description of collections Schedule D, Part III, Line 4 THE COLLECTION FURTHERS STUDENT EXPERIENCE AND LEARNING BY EXPOSING UNDERGRADUATE AND GRADUATE STUDENT TO VARIOUS WORKS OF ART. Intended uses of endowment funds Schedule D, Part V, Line 4 THE PURPOSE OF THE UNIVERSITY'S ENDOWMENT IS TO PROVIDE FUNDING FOR THE SCHOLARSHIP PROGRAMS AND OTHER RESTRICTED PURPOSES WITH THE GOAL OF SUPPORTING THE MISSION OF SPALDING UNIVERSITY. FOR THE QUASI ENDOWMENT IT IS TO PROVIDE A SAFETY NET FOR THE UNIVERSITY AND ITS USE IS BOARD DESIGNATED. FIN 48 (ASC 740) footnote Schedule D, Part X, Line 2 THE UNIVERSITY IS A NOT-FOR-PROFIT CORPORATION AND HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE TO BE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. GENERAL ACCEPTED ACCOUNTING PRINCIPLES IN THE UNITED STATES ("U.S.") PRESCRIBE RECOGNITION THRESHOLDS AND MEASUREMENT ATTRIBUTES FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. TAX BENEFITS OR LIABILITIES WILL BE RECOGNIZED ONLY IF THE TAX POSITION WOULD "MORE-LIKELY-THAN-NOT" BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED WILL BE THE LARGEST AMOUNT OF TAX BENEFIT OR LIABILITY THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE MORE-LIKELY-THAN-NOT TEST, NO TAX BENEFIT OR LIABILITY WILL BE RECORDED. MANAGEMENT HAS CONCLUDED THAT THEY ARE UNAWARE OF ANY TAX BENEFITS OR LIABILITIES TO BE RECOGNIZED AT JUNE 30, 2012 AND 2011 AND DOES NOT EXPECT THIS TO CHANGE IN THE NEXT 12 MONTHS. THE UNIVERSITY WOULD RECOGNIZE INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS IN INTEREST AND INCOME TAX EXPENSE, RESPECTIVELY. THE UNIVERSITY DOES NOT HAVE AMOUNTS ACCRUED FOR INTEREST OR PENALTIES AS OF JUNE 30, 2012 AND 2011. THE UNIVERSITY IS NO LONGER SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR THE YEARS BEFORE JUNE 30, 2009. true true true true true true true false false false false false false false false true false true Financial aid or assistance from a governmental agency Schedule E, Line 6a THE UNIVERSITY RECEIVES FEDERAL STUDENT FINANCIAL AID ASSISTANCE FROM THE DEPARTMENT OF EDUCATION AND DHHS. BRACKETOLOGY 94823 32823 62000 1720 3750 32876 10561 0 0 94823 32823 62000 0 1720 3750 32876 0 10561 48907 13093 24800 15909 true 1 24800 0 15909 0 0 15909 8891 KY true false false false 0 1 SPALDING UNIVERSITY LISA BASH-DEFRIES 845 SOUTH 3RD STREET LOUISVILLE KY 40203 false ROGER BURKMAN 855 SEE SCHEDULE G PART IV DESCRIPTION OF SERVICES PROVIDED SCHEDULE G, PART III, LINE 16 ESTIMATED TIME 25 HOURS PER YEAR. COORDINATION OF RAFFLE, INCLUDING ARRANGING FOR VOLUNTEER SALESPEOPLE OF RAFFLE AND COMPLIANCE WITH FEDERAL AND STATE GAMING REQUIREMENTS. true SFA NEED BASED 439 1771975 SFA MERIT BASED 238 1005222 SFA 55,000 DEGREES 287 1251853 GRADUATE ASSISTANT/SCHOLARSHIPS 166 482754 ENDOWED/RESTRICTED AID 173 273235 OTHER 123 365029 Procedures for monitoring use of grant funds Schedule I, Part I, Line 2 ALL ASSISTANCE THAT IS PROVIDED THROUGH THE UNIVERSITY TO STUDENTS IS DESIGNATED FOR TUITION, FEES, BOOKS, AND OTHER DIRECT EDUCATIONAL COSTS. THE FINANCIAL AID OFFICE AND BUSINESS OFFICE OF THE UNIVERSITY MONITORS AND CONTROLS DISBURSEMENT OF ALL ASSISTANCE. X X X X false false false false false false false false false LEWIS RANDY STRICKLAND 214970 0 0 0 1727 0 14475 0 8196 0 239368 0 0 0 TORI M MCCLURE 243178 0 0 0 1261 0 18750 0 14986 0 278175 0 0 0 JOHN JAMES PHD 114742 0 0 0 1966 0 8933 0 33506 0 159147 0 0 0 LOUISVILLE JEFFERSON COUNTY METRO GOVERNMENT 320049006 2010-06-30 12860000 REISSUANCE OF 2008 BONDS false false false 1375000 0 12860000 0 0 0 0 0 0 0 12860000 0 2008 true false true true false false false false 0.0000 0.0000 0.0000 true false true false false false true X YEAR OF SUBSTANTIAL COMPLETION PART II, LINE 13 THE BOND WAS A REISSUANCE OF A 2008 BOND AND THE PROJECT THE ORIGINAL BOND WAS USED FOR WAS COMPLETED IN 2008. DR LAURA STRICKLAND SPOUSE OF OFFICER DR. L. RANDY STRICKLAND 128276 COMPENSATION false Review of form 990 by governing body Form 990, Part VI, Section B, Line 11b IT IS SPALDING UNIVERSITY'S POLICY THAT THE AUDIT COMMITTEE WILL BE RESPONSIBLE FOR THE INTERNAL REVIEW OF THE INTERNAL REVENUE SERVICE FORM 990 THAT IS TO BE FILED ON BEHALF OF SPALDING UNIVERSITY. UPON APPROVAL OF THE AUDIT COMMITTEE, THE FORM 990 SHALL BE PRESENTED TO THE BOARD OF TRUSTEES FOR THEIR REVIEW. AFTER DISTRIBUTION TO THE FULL BOARD OF TRUSTEES, THE AUDIT COMMITTEE CHAIR WILL APPROVE THE FILING OF THE FORM 990 WITH THE IRS. THE BOARD OF TRUSTEES IS RELYING ON THE UNIVERSITY'S STAFF, THE AUDIT COMMITTEE AND INDEPENDENT ACCOUNTANTS TO COMPLETE AND EXAMINE THE FORM 990. A BOARD RESOLUTION IS NOT REQUIRED IN ORDER FOR THE FORM 990 TO BE FILED. Conflict of interest policy Form 990, Part VI, Section B, Line 12c INDIVIDUALS ARE ASKED TO RE-AFFIRM THE POLICY EACH YEAR. THE POLICY IS REVIEWED AND NEW BOARD MEMBERS SIGN FORMS WHEN THEY JOIN THE BOARD. THE RESPONSIBILITY OF AVOIDING AND MANAGING CONFLICTS OF INTEREST BEGINS WITH THE BOARD OF TRUSTEES AND INCLUDES ALL COVERED PERSONS. DISCLOSURE IS REQUIRED OF RELATIONSHIPS AND BUSINESS AFFILIATIONS THAT REASONABLY COULD GIVE RISE TO CONFLICTS OF INTEREST INVOLVING THE UNIVERSITY. THE DISCLOSURE FORM SHALL BE FURNISHED ANNUALLY TO REPORT AND KEEP CURRENT POTENTIAL CONFLICT AREAS. WHENEVER CHANGES OCCUR, DISCLOSURES ARE TO BE UPDATED IN WRITING AS SOON AS POSSIBLE. WHENEVER POSSIBLE, COVERED PERSONS SHOULD DISCLOSE EXPECTED CHANGES OR NEWLY ANTICIPATED CONFLICTS AT LEAST THIRTY (30) DAYS BEFORE THEY OCCUR. THE DISCLOSURES SHALL BE REVIEWED BY THE REVIEWER, A SUBCOMMITTEE OF THE GOVERNANCE COMMITTEE OF THE BOARD OF TRUSTEES OR ITS DESIGNATE, AND AN INITIAL DETERMINATION ON WHETHER A CONFLICT EXISTS WILL BE MADE AFTER A REVIEW OF ALL THE MATERIAL FACTS. IF THE REVIEWER DETERMINES THAT NO CONFLICT EXISTS, THAT DETERMINATION WILL BE MADE IN WRITING AND PRESENTED TO THE FULL GOVERNANCE COMMITTEE AT ITS NEXT REGULARLY SCHEDULED MEETING FOR FINAL REVIEW AND DETERMINATION. IF THE REVIEWER DETERMINES THERE IS A CONFLICT, THE REVIEWER SHALL INFORM THE COVERED PERSON AND INDICATE THAT THE MATTER IS BEING REFERRED TO THE GOVERNANCE COMMITTEE WHOSE DECISION SHALL BE FINAL UNLESS THE MATTER IS FURTHER REFERRED TO THE FULL BOARD OF TRUSTEES, IN WHICH EVENT THE BOARD'S DECISION SHALL BE FINAL. THE GOVERNANCE COMMITTEE OR BOARD OF TRUSTEES (AS APPLICABLE) MAY AUTHORIZE OR APPROVE THE CONFLICTING INTEREST TRANSACTION UNDER PROCEDURES AND CRITERIA AS SPECIFIED UNDER APPLICABLE KENTUCKY STATUTE. TRUSTEES AND COMMITTEE MEMBERS WHO HAVE A CONFLICT OF INTEREST IN ANY MATTER MAY PARTICIPATE IN THE DISCUSSION OF THE MATTER AFTER DISCLOSING ANY CONFLICT OF INTEREST, BUT SHALL REFRAIN FROM VOTING ON THE MATTER. PROCESS USED TO ESTABLISH COMPENSATION OF TOP MANAGEMENT OFFICIAL FORM 990, PART VI, LINE 15A THE BOARD OF TRUSTEES REVIEWS AND DETERMINES THE COMPENSATION OF THE UNIVERSITY PRESIDENT USING CUPA SALARY SCALE AND OTHER RELEVANT ECONOMIC AND INDUSTRY DATA. DOCUMENTATION OF DELIBERATIONS WERE RETAINED IN THE GOVERNANCE COMMITTEE MEETINGS NOTES. PROCESS WAS LAST CONDUCTED IN JULY 2010, AS PART OF A THREE-YEAR CONTRACT. Process used to establish compensation of other officers/key employees Form 990, Part VI, Section B, Line 15b THE UNIVERSITY PRESIDENT, PROVOST AND EXECUTIVE DIRECTOR OF HUMAN RESOURCES REVIEW AND DETERMINE THE COMPENSATION OF THE OTHER OFFICERS AND KEY EMPLOYEES USING CUPA SALARY SCALES AND OTHER RELEVANT ECONOMIC AND INDUSTRY DATA. DOCUMENTATION OF DELIBERATIONS WERE RETAINED IN EACH RELEVANT MEETING'S NOTES. PROCESS WAS LAST CONDUCTED IN JUNE 2012. Governing documents, conflict of interest policy and financial statements available to the public Form 990, Part VI, Section C, Line 19 FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICIES ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE (IRC) SECTION 6104. Other changes in net assets or fund balances Form 990, Part XI, Line 5 NET UNREALIZED GAINS (LOSSES) ON INVESTMENTS - -798335; CHANGE IN VALUE OF SWAP - 559617; CHANGE IN SPLIT INTEREST AGREEMENTS - 126339; CHARITABLE REMAINDER TRUST (1) INVESTMENTS KY NA TRUST false false false false false false false false false false false false false false false false false false