SPALDING UNIVERSITY: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- SPALDING UNIVERSITY (EIN 61-0444780)
- Tax period
- 2010-07-01 to 2011-06-30
- Filed
- 2012-03-01
- IRS object ID
- 201220619349301767
- Schema version
- 2010v3.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-03-01T10:45:44-06:00 | Timestamp |
| Tax Period End Date | 2011-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CROWE HORWATH LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9600 Brownsboro Road | AddressLine1 |
| Address Line2 | Suite 400 | AddressLine2 |
| City | Louisville | City |
| State | KY | State |
| ZIP Code | 402411122 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 610444780 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SPALDING UNIVERSITY INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | SPAL | NameControl |
| Phone | 5025859911 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 845 South Third Street | AddressLine1 |
| City | Louisville | City |
| State | KY | State |
| ZIP Code | 402032188 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | TORI MURDEN MCCLURE | Name |
| Title | PRESIDENT | Title |
| Date Signed | 2012-01-11 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5023263996 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
Name Of Principal Officer Business NameOfPrincipalOfficerBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TORI MURDEN MCCLURE | BusinessNameLine1 |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 845 South Third Street | AddressLine1 |
| City | Louisville | City |
| State | KY | State |
| ZIP Code | 402032188 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 33729168 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.SPALDING.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1984 | YearFormation |
| State Legal Domicile | KY | StateLegalDomicile |
| Activity Or Mission Description | SPALDING UNIVERSITY IS A CO-EDUCATIONAL, INDEPENDENT INSTITUTION FULLY ACCREDITED BY THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS AS A DOCTORAL LEVEL INSTITUTION. WITH 2,346 STUDENTS, THE UNIVERSITY OFFERS PROGRAMS IN NURSING, OCCUPATIONAL THERAPY, SOCIAL WORK, PSYCHOLOGY, CREATIVE WRITING AND EDUCATION AND OTHERS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 23 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 23 | NbrIndependentVotingMembers |
| Total Nbr Employees | 873 | TotalNbrEmployees |
| Total Nbr Volunteers | 200 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 1564786 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1175301 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 24979256 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 31807265 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 22859 | InvestmentIncomePriorYear |
| Investment Income Current Year | -48785 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 460519 | OtherRevenuePriorYear |
| Other Revenue Current Year | 405008 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 27027420 | TotalRevenuePriorYear |
| Total Revenue Current Year | 33338789 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 2229590 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 2926124 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 15232284 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 16634505 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 285195 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 9679640 | OtherExpensePriorYear |
| Other Expenses Current Year | 9222032 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 27141514 | TotalExpensesPriorYear |
| Total Expenses Current Year | 28782661 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -114094 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 4556128 | RevenuesLessExpensesCY |
| Total Assets BOY | 29379167 | TotalAssetsBOY |
| Total Assets EOY | 45092899 | TotalAssetsEOY |
| Total Liabilities BOY | 18472819 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 18077988 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 10906348 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 27014911 | NetAssetsOrFundBalancesEOY |
| Mission Description | 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. | MissionDescription |
| Significant Change | false | SignificantChange |
| Expense | 23516730 | Expense |
| Grants | 2926124 | Grants |
| Revenue | 31959373 | Revenue |
| Description | INSTRUCTION FOR STUDENTS: AS A DOCTORAL LEVEL INSTITUTION WITH 2,346 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. | Description |
| Total Program Service Expense | 23516730 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | true | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | false | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | true | ConsolidatedAuditFinancialStmt |
| School | true | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | true | FundraisingActivities |
| Gaming | true | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | true | GrantsToOrganizations |
| Grants To Individuals | true | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | true | TaxExemptBonds |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBonds |
| Escrow Account | false | EscrowAccount |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | true | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | true | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | true | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | true | RelatedOrgControlledEntity |
| Transaction Related Entity | true | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 2659 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 873 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 23 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 23 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | true | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | KY | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Mark Hohmann | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 5025859911 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 845 South Third Street | AddressLine1 |
| City | Louisville | City |
| State | KY | State |
| ZIP Code | 402032188 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (34 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Highest Compensated EmployeeHighestCompensatedEmployee | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | FormerFormer | OfficerOfficer | Individual Trustee Or DirectorIndividualTrusteeOrDirector |
|---|---|---|---|---|---|---|---|---|
| BEVERLY KEEPERS | ||||||||
| DEAN, COLLEGE OF EDUCATION | 40 | X | 113609 | 0 | 9890 | |||
| DIANE TOBIN | ||||||||
| DEAN, COLLEGE OF BUSINESS | 40 | X | 108692 | 0 | 17196 | |||
| MICHAEL D ERNST | ||||||||
| VP FINANCE/CFO - FORMER | 0 | 150030 | 0 | 27292 | X | |||
| LEWIS RANDY STRICKLAND | ||||||||
| PROVOST | 40 | 197966 | 0 | 22110 | X | |||
| TORI M MCCLURE | ||||||||
| PRESIDENT | 40 | 188861 | 0 | 29108 | X | |||
| BILL WEYLAND | ||||||||
| CHAIR | 1 | 0 | 0 | 0 | X | X | ||
| NANCY L WARFIELD | ||||||||
| TRUSTEE | 1 | 0 | 0 | 0 | X | |||
| PERRY E SANGALLI ED D | ||||||||
| TRUSTEE | 1 | 0 | 0 | 0 | X | |||
| BETH NIBLOCK | ||||||||
| ACTING SECRETARY | 1 | 0 | 0 | 0 | X | X | ||
| JANET GEURIN MULLER | ||||||||
| TRUSTEE | 1 | 0 | 0 | 0 | X | |||
| JON A MEYER | ||||||||
| TRUSTEE | 1 | 0 | 0 | 0 | X | |||
| ANDREW G BESHEAR | ||||||||
| TRUSTEE | 1 | 0 | 0 | 0 | X | |||
| CHARLES A BENNETT ED D | ||||||||
| TRUSTEE | 1 | 0 | 0 | 0 | X | |||
| JENNIFER CLEMENTS STERN | ||||||||
| TRUSTEE | 1 | 0 | 0 | 0 | X | |||
| DAVID FANNIN | ||||||||
| TRUSTEE | 1 | 0 | 0 | 0 | X | |||
| MARY WOLFORD | ||||||||
| TRUSTEE | 1 | 0 | 0 | 0 | X | |||
| PAUL RATTERMAN | ||||||||
| SECOND VICE CHAIR | 1 | 0 | 0 | 0 | X | X | ||
| DANA JACKSON | ||||||||
| TRUSTEE | 1 | 0 | 0 | 0 | X | |||
| DAVID KAREM | ||||||||
| TRUSTEE | 1 | 0 | 0 | 0 | X | |||
| M SERRA GOETHALS SCN | ||||||||
| TRUSTEE | 1 | 0 | 0 | 0 | X | |||
| HELEN DONALDSON | ||||||||
| TRUSTEE | 1 | 0 | 0 | 0 | X | |||
| CORDELL LAWRENCE | ||||||||
| TRUSTEE | 1 | 0 | 0 | 0 | X | |||
| ROSE HOWARD SCN | ||||||||
| TRUSTEE | 1 | 0 | 0 | 0 | X | |||
| CARL M THOMAS | ||||||||
| TRUSTEE | 1 | 0 | 0 | 0 | X | |||
| BRIAN B REYNOLDS | ||||||||
| FIRST VICE CHAIR | 1 | 0 | 0 | 0 | X | X | ||
| JO ANN ROONEY | ||||||||
| FORMER PRESIDENT | 0 | 147601 | 0 | 14321 | X | |||
| JEFF BRINGARDNER | ||||||||
| TRUSTEE | 1 | 0 | 0 | 0 | X | |||
| CHRISTE COE | ||||||||
| TRUSTEE | 1 | 0 | 0 | 0 | X | |||
| NEAL RICHMOND MD | ||||||||
| TRUSTEE | 1 | 0 | 0 | 0 | X | |||
| MARK P HOHMANN | ||||||||
| CFO - (NEW, NO COMP 2010) | 40 | 0 | 0 | 0 | X | |||
| RICK HUDSON | ||||||||
| DEAN OF STUDENTS | 40 | 99389 | 0 | 24159 | X | |||
| JOHN JAMES PHD | ||||||||
| DEAN, COLLEGE OF SOCIAL SCIENCES AND HUMANITIES | 40 | X | 103520 | 0 | 54751 | |||
| MICHELLE REISS | ||||||||
| FACULTY | 40 | X | 108332 | 0 | 11444 | |||
| LAURA STRICKLAND | ||||||||
| FACULTY | 40 | X | 110472 | 0 | 15715 | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1328472 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 225986 | TotalOtherCompensation |
| Number Individuals GT100 K | 10 | NumberIndividualsGT100K |
| Formers Listed | true | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| JONES LANG & LASALLE | |||||
| PO BOX 2847 | LOUISVILLE | KY | 40201 | MAINTENANCE AND CUSTODIAL | 652115 |
| SECURITAS SECURITY SERVICES | |||||
| PO BOX 403412 | ATLANTA | GA | 303843412 | SECURITY SERVICES | 284905 |
| BROWN HOTEL | |||||
| 335 WEST BROADWAY | LOUISVILLE | KY | 40202 | HOTEL ROOMS AND CATERING | 248131 |
| DATATEL | |||||
| 4375 FAIR LAKES COURT | FAIRFAX | VA | 22033 | COMPUTER SERVICES | 231809 |
| PEAK 10 | |||||
| PO BOX 534326 | ATLANTA | GA | 30353 | IT SERVICES | 163941 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 6 | NumberOfContractorsGT100K |
| All Other Contributions | 1175301 | AllOtherContributions |
| Noncash Contributions | 5000 | NoncashContributions |
| Total Contributions | 1175301 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION AND FEES | 611600 | 30742946 | 30742946 |
| ENTECH PROGRAM | 611600 | 249213 | 249213 |
| MASTER OF FINE ARTS PROGRAM | 611600 | 134107 | 134107 |
| RESIDENCE HALL | 611600 | 315686 | 315686 |
| SPONSORED PROGRAMS | 611600 | 225087 | 225087 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 140226 | TotalRevenueColumn |
| Related Or Exempt Function Income | 140226 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 31807265 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 14635 | TotalRevenueColumn |
| Exclusion | $14,635 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 0 | Real |
| Personal | 0 | Personal |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 255000 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 318420 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 0 | Securities |
| Other | -63420 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -63420 | TotalRevenueColumn |
| Exclusion | -$63,420 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 92165 | GrossIncomeFundraisingEvents |
| Fundraising Direct Expenses | 66389 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 25776 | TotalRevenueColumn |
| Exclusion | $25,776 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Gaming | 24800 | GrossIncomeGaming |
| Gaming Direct Expenses | 5570 | GamingDirectExpenses |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 19230 | TotalRevenueColumn |
| Exclusion | $19,230 | ExclusionAmount |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|---|
| FOOD SERVICE | 611600 | 178918 | $178,918 | |
| FEES | 611600 | 83536 | 83536 | |
| PARKING | 611600 | 28976 | $28,976 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 68572 | TotalRevenueColumn |
| Related Or Exempt Function Income | 68572 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 360002 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 33338789 | TotalRevenueColumn |
| Related Or Exempt Function Income | 31959373 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $204,115 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 46504 | Total |
| Program Services | 46504 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2879620 | Total |
| Program Services | 2879620 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1389150 | Total |
| Program Services | 769462 | ProgramServices |
| Management And General | 619688 | ManagementAndGeneral |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 125364 | Total |
| Program Services | 125364 | ProgramServices |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12114514 | Total |
| Program Services | 10463037 | ProgramServices |
| Management And General | 1460961 | ManagementAndGeneral |
| Fundraising | 190516 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 610039 | Total |
| Program Services | 499049 | ProgramServices |
| Management And General | 95667 | ManagementAndGeneral |
| Fundraising | 15323 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1427455 | Total |
| Program Services | 804614 | ProgramServices |
| Management And General | 606061 | ManagementAndGeneral |
| Fundraising | 16780 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 967983 | Total |
| Program Services | 817965 | ProgramServices |
| Management And General | 135270 | ManagementAndGeneral |
| Fundraising | 14748 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 29803 | Total |
| Management And General | 29803 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 156225 | Total |
| Management And General | 156225 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 758567 | Total |
| Program Services | 532904 | ProgramServices |
| Management And General | 218962 | ManagementAndGeneral |
| Fundraising | 6701 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 416343 | Total |
| Management And General | 416343 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2356816 | Total |
| Program Services | 1817731 | ProgramServices |
| Management And General | 524118 | ManagementAndGeneral |
| Fundraising | 14967 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 272375 | Total |
| Program Services | 15182 | ProgramServices |
| Management And General | 257193 | ManagementAndGeneral |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1338455 | Total |
| Program Services | 1307721 | ProgramServices |
| Management And General | 25944 | ManagementAndGeneral |
| Fundraising | 4790 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 332994 | Total |
| Program Services | 297368 | ProgramServices |
| Management And General | 22252 | ManagementAndGeneral |
| Fundraising | 13374 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 76775 | Total |
| Management And General | 76775 | ManagementAndGeneral |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1113286 | Total |
| Program Services | 1086389 | ProgramServices |
| Management And General | 22705 | ManagementAndGeneral |
| Fundraising | 4192 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 89855 | Total |
| Program Services | 24519 | ProgramServices |
| Management And General | 65336 | ManagementAndGeneral |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| MASTER OF FINE ARTS PROGRAM | 478171 | 478171 | ||
| MINOR EQUIPMENT | 439730 | 423276 | 16315 | 139 |
| BAD DEBT | 234923 | 234923 | ||
| PROFESSIONAL DEVELOPMENT | 187902 | 134270 | 51088 | 2544 |
| BOOKS AND PERIODICALS | 138912 | 138912 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 800900 | Total |
| Program Services | 619749 | ProgramServices |
| Management And General | 180030 | ManagementAndGeneral |
| Fundraising | 1121 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 28782661 | Total |
| Program Services | 23516730 | ProgramServices |
| Management And General | 4980736 | ManagementAndGeneral |
| Fundraising | 285195 | Fundraising |
Total Joint Costs TotalJointCosts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5864815 | BOY |
| EOY | 6655311 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 152612 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 780208 | BOY |
| EOY | 364459 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1341994 | BOY |
| EOY | 1836860 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 500680 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 36690898 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 17341179 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19537845 | BOY |
| EOY | 19349719 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 14740382 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1854305 | BOY |
| EOY | 1492876 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 29379167 | BOY |
| EOY | 45092899 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1187050 | BOY |
| EOY | 1124941 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 941608 | BOY |
| EOY | 1468641 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12860000 | BOY |
| EOY | 12190000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3484161 | BOY |
| EOY | 3294406 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18472819 | BOY |
| EOY | 18077988 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10581987 | BOY |
| EOY | 16497046 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 63567 | BOY |
| EOY | 2886534 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 260794 | BOY |
| EOY | 7631331 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10906348 | BOY |
| EOY | 27014911 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 29379167 | BOY |
| EOY | 45092899 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 4556128 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 11552435 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | true | FederalGrantAuditRequired |
| Federal Grant Audit Performed | true | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Exmpt Function Expenditures | 0 | TotalExmptFunctionExpenditures |
| Total Lobbying Expenditures IIB | 0 | TotalLobbyingExpendituresIIB |
| Non Ded Lobby Political Total | 0 | NonDedLobbyPoliticalTotal |
Schedule D IRS990ScheduleD
Art Public Exhibition Amts ArtPublicExhibitionAmts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenues Included | 5000 | RevenuesIncluded |
| Assets In Part X | 36705 | AssetsInPartX |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Solicited Assets For Sale | false | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 0 | BeginningOfYearBalance |
| Contributions | 11517346 | Contributions |
| End Of Year Balance | 11517346 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 0 | BeginningOfYearBalance |
| End Of Year Balance | 0 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| End Of Year Balance | 0 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.09400 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.90600 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.00000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | false | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2083345 | OtherCostOrOtherBasis |
| Book Value | 2083345 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 21931563 | OtherCostOrOtherBasis |
| Depreciation | 7257842 | Depreciation |
| Book Value | 14673721 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | 0 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 11999028 | OtherCostOrOtherBasis |
| Depreciation | 9575403 | Depreciation |
| Book Value | 2423625 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 676962 | OtherCostOrOtherBasis |
| Depreciation | 507934 | Depreciation |
| Book Value | 169028 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 19349719 | TotalOfBookValueLandBuildings |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (4 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| ACCRUED FAIR VALUE OF INTEREST RATE SWAP AGREEMENT | $1,298,259 |
| CAPITAL LEASES | $55,301 |
| REFUNDABLE GOVERNMENT LOANS | $1,392,066 |
| OTHER LONG TERM LIABILITIES | $548,780 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 3294406 | TotalOfAmounts |
| Total Revenue | 33338789 | TotalRevenue |
| Total Expenses | 28782661 | TotalExpenses |
| Excess Or Deficit For Year | 4556128 | ExcessOrDeficitForYear |
| Other | $243,872 | OtherAmount |
| Total Adjustments | 243872 | TotalAdjustments |
| Excess Or Deficit Per FS | 4800000 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 30548044 | TotRevenueEtcAuditedFinclStmt |
| Other Revenues | 135379 | OtherRevenues |
| Revenue Not Rptd F990 | 135379 | RevenueNotRptdF990 |
| Revenue Subtotal | 30412665 | RevenueSubtotal |
| Other Revenues Not Included | 2926124 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 2926124 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 33338789 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 25785462 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 135379 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 135379 | ExpensesNotRptdF990 |
| Expenses Subtotal | 25650083 | ExpensesSubtotal |
| Other Expenses Not Included | 3132578 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 3132578 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 28782661 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (8 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| 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. THE SPALDING UNIVERSITY FOUNDATION WAS DISSOLVED JUNE 8, 2011. THIS BALANCE REPRESENTS THE VALUE OF THE ENDOWMENT AND AMOUNT TRANSFERRED AS OF FISCAL YEAR END. |
| FIN 48 (ASC 740) footnote | Schedule D, Part X, Line 2 | THE UNIVERSITY AND THE FOUNDATION ARE NOT-FOR-PROFIT CORPORATIONS AND HAVE BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE TO BE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. GENERALLY ACCEPTED ACCOUNTING STANDARDS 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, 2011 AND 2010 AND DOES NOT EXPECT THIS TO CHANGE IN THE NEXT 12 MONTHS. THE UNIVERSITY AND FOUNDATION WOULD RECOGNIZE INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS IN INTEREST AND INCOME TAX EXPENSE, RESPECTIVELY. NEITHER THE UNIVERSITY NOR THE FOUNDATION HAS AMOUNTS ACCRUED FOR INTEREST OR PENALTIES AS OF JUNE 30, 2011 AND 2010. THE UNIVERSITY AND FOUNDATION ARE NO LONGER SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR THE YEARS BEFORE JUNE 30, 2008. |
| Other changes in net assets | Schedule D, Part XI, Line 8 | CHANGE IN VALUE OF SWAP AGREEMENT - 206452; CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS - 37420; |
| Other revenues in audited financial statements not in form 990 | Schedule D, Part XII, Line 2d | FUNDRAISING EVENT EXPENSES - 66389; GAMING EXPENSES - 5570; LOSS ON SALE OF FIXED ASSETS - 63420; |
| Other revenues in form 990 not in audited financial statements | Schedule D, Part XII, Line 4b | FINANCIAL AID - 2879620; FOUNDATION GIFT - 46504; |
| Other expenses in audited financial statements not in form 990 | Schedule D, Part XIII, Line 2d | FUNDRAISING EVENT EXPENSES - 66389; GAMING EXPENSES - 5570; LOSS ON SALE OF FIXED ASSETS - 63420; |
| Other expenses in form 990 not in audited financial statements | Schedule D, Part XIII, Line 4b | FINANCIAL AID - 2879620; CHANGE IN VALUE OF SWAP - 206454; FOUNDATION GIFT - 46504; |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | true | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | true | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | true | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | true | MaintRacialCompositionRecords |
| Maint Scholarships Records | true | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | true | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | true | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | false | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | false | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | false | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | false | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | false | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | false | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActy |
| Government Financial Aid Received | true | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | false | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | true | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Financial aid or assistance from a governmental agency | Identifier |
| Return Reference | Schedule E, Line 6a | ReturnReference |
| Explanation | THE UNIVERSITY RECEIVES FEDERAL STUDENT FINANCIAL AID ASSISTANCE FROM THE DEPARTMENT OF EDUCATION AND DHHS. | Explanation |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | BRACKETOLOGY | NameOfEvent1 |
| Gross Receipts Event1 | 92165 | GrossReceiptsEvent1 |
| Gross Revenue Event1 | 92165 | GrossRevenueEvent1 |
| Non Cash Prizes Event1 | 2633 | NonCashPrizesEvent1 |
| Rent Facility Costs Event1 | 16200 | RentFacilityCostsEvent1 |
| Food And Beverage Event1 | 20428 | FoodAndBeverageEvent1 |
| Other Direct Expenses Event1 | 27128 | OtherDirectExpensesEvent1 |
| Gross Revenue Event2 | 0 | GrossRevenueEvent2 |
| Gross Revenue Other Events | 0 | GrossRevenueOtherEvents |
| Gross Receipts Total | 92165 | GrossReceiptsTotal |
| Charitable Contributions Total | 0 | CharitableContributionsTotal |
| Gross Revenue Total Events | 92165 | GrossRevenueTotalEvents |
| Cash Prizes Total Events | 0 | CashPrizesTotalEvents |
| Non Cash Prizes Total Events | 2633 | NonCashPrizesTotalEvents |
| Rent Facility Costs Total Events | 16200 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 20428 | FoodAndBeverageTotalEvents |
| Entertainment Total Events | 0 | EntertainmentTotalEvents |
| Other Direct Expenses Total Events | 27128 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 66389 | DirectExpenseSummaryEvents |
| Net Income Summary | 25776 | NetIncomeSummary |
Gaming Information GamingInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteer Labor Bingo | false | VolunteerLaborBingo |
| Volunteer Labor Pull Tabs | false | VolunteerLaborPullTabs |
| Gross Revenue Other Gaming | 24800 | GrossRevenueOtherGaming |
| Non Cash Prizes Other Gaming | 5570 | NonCashPrizesOtherGaming |
| Volunteer Labor Other Gaming | true | VolunteerLaborOtherGaming |
| Volunteer Labor Prcnt Other Gaming | 0.89 | VolunteerLaborPrcntOtherGaming |
| Gross Revenue Total Gaming | 24800 | GrossRevenueTotalGaming |
| Cash Prizes Total Gaming | 0 | CashPrizesTotalGaming |
| Non Cash Prizes Total Gaming | 5570 | NonCashPrizesTotalGaming |
| Rent Facility Costs Total Gaming | 0 | RentFacilityCostsTotalGaming |
| Other Direct Expenses Total Gaming | 0 | OtherDirectExpensesTotalGaming |
| Direct Expense Summary Gaming | 5570 | DirectExpenseSummaryGaming |
| Net Gaming Income Summary | 19230 | NetGamingIncomeSummary |
| Field | Value | IRS element (for citing) |
|---|---|---|
| States Where Gaming Conducted | KY | StatesWhereGamingConducted |
| Licensed | true | Licensed |
| License Suspended Etc | false | LicenseSuspendedEtc |
| Gaming With Nonmembers | false | GamingWithNonmembers |
| Member Of Other Entity | false | MemberOfOtherEntity |
| Percentage Of Gaming Own Facility | 0 | PercentageOfGamingOwnFacility |
| Percentage Of Gaming Othr Facility | 1 | PercentageOfGamingOthrFacility |
Name Of Gaming Rec Keeper Bus NameOfGamingRecKeeperBus
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SPALDING UNIVERSITY LISA BASH-DEFRIES | BusinessNameLine1 |
Address Of Gaming Rec Keeper US AddressOfGamingRecKeeperUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 845 SOUTH 3RD STREET | AddressLine1 |
| City | LOUISVILLE | City |
| State | KY | State |
| ZIP Code | 40202 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contract With3rd Party For Gam Rev | false | ContractWith3rdPartyForGamRev |
Gaming Manager Name Business GamingManagerNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ROGER BURKMAN | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gaming Manager Compensation | 702 | GamingManagerCompensation |
| Gaming Manager Services Provided | ESTIMATED TIME 20 HOURS PER YEAR. COORDINATION OF RAFFLE, INCLUDING ARRANGING FOR VOLUNTEER SALESPEOPLE OF RAFFLE AND COMPLIANCE WITH FEDERAL AND STATE GAMING REQUIREMENTS. | GamingManagerServicesProvided |
| Gaming Manager Is Employee | X | GamingManagerIsEmployee |
| Charitable Distrib Required | false | CharitableDistribRequired |
| Amount Distributed | 0 | AmountDistributed |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Recipient Table RecipientTable
Recipient Name Business RecipientNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE SPALDING UNIVERSITY FOUNDATION INC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 845 SOUTH THIRD STREET | AddressLine1 |
| City | LOUISVILLE | City |
| State | KY | State |
| ZIP Code | 40203 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN Of Recipient | 262561788 | EINOfRecipient |
| IRC Section | 501(C)(3) | IRCSection |
| Amount Of Cash Grant | 46504 | AmountOfCashGrant |
| Purpose Of Grant | FINANCIAL SUPPORT | PurposeOfGrant |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 1 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 0 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part III Form990ScheduleIPartIII (6 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant | Amount Of Non Cash AssistanceAmountOfNonCashAssistance |
|---|---|---|---|
| SFA NEED BASED | 367 | 1349963 | 0 |
| SFA MERIT BASED | 131 | 286478 | |
| SFA 55,000 DEGREES | 164 | 212763 | |
| GRADUATE ASSISTANT/SCHOLARSHIPS | 186 | 419871 | |
| ENDOWED/RESTRICTED AID | 176 | 245962 | |
| OTHER | 141 | 364583 |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Procedures for monitoring use of grant funds | Identifier |
| Return Reference | Schedule I, Part I, Line 2 | ReturnReference |
| Explanation | 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. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | true | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (5 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MICHAEL D ERNST | |||||||||||||
| 57814 | 0 | 0 | 0 | 92216 | 0 | 11513 | 0 | 15779 | 0 | 177322 | 0 | 0 | 0 |
| LEWIS RANDY STRICKLAND | |||||||||||||
| 196694 | 0 | 0 | 0 | 1272 | 0 | 14325 | 0 | 7785 | 0 | 220076 | 0 | 0 | 0 |
| TORI M MCCLURE | |||||||||||||
| 188300 | 0 | 0 | 0 | 561 | 0 | 14625 | 0 | 14483 | 0 | 217969 | 0 | 0 | 0 |
| JO ANN ROONEY | |||||||||||||
| 147425 | 0 | 0 | 0 | 176 | 0 | 10753 | 0 | 3568 | 0 | 161922 | 0 | 0 | 0 |
| JOHN JAMES PHD | |||||||||||||
| 103520 | 0 | 0 | 0 | 0 | 0 | 7950 | 0 | 46801 | 0 | 158271 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Severance or change-of-control payment | Identifier |
| Return Reference | Schedule J, Part I, Line 4a | ReturnReference |
| Explanation | MIKE ERNST - FORMER CFO, VP OF FINANCE $92,092 | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LOUISVILLE JEFFERSON COUNTY METRO GOVERNMENT | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 320049006 | IssuerEIN |
| Date Issued | 2010-06-30 | DateIssued |
| Issue Price | 12860000 | IssuePrice |
| Description Of Purpose | REISSUANCE OF 2008 BONDS | DescriptionOfPurpose |
| Defeased | false | Defeased |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Pool Financing | false | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amount Retired | 670000 | AmountRetired |
| Amount Bond Defeased | 0 | AmountBondDefeased |
| Total Proceeds | 12860000 | TotalProceeds |
| Amount In Reserve Fund | 0 | AmountInReserveFund |
| Capitalized Interest | 0 | CapitalizedInterest |
| Refunding Escrow | 0 | RefundingEscrow |
| Issuance Costs From Proceeds | 0 | IssuanceCostsFromProceeds |
| Credit Enhancement | 0 | CreditEnhancement |
| Working Capital Expenditures | 0 | WorkingCapitalExpenditures |
| Capital Expenditures | 0 | CapitalExpenditures |
| Other Spent Proceeds | 0 | OtherSpentProceeds |
| Amount Unspent | 0 | AmountUnspent |
| Year Of Subst Completion | 2008 | YearOfSubstCompletion |
| Current Refunding | true | CurrentRefunding |
| Advance Refunding | false | AdvanceRefunding |
| Final Allocation Made | true | FinalAllocationMade |
| Adequate Books And Recds Maintaind | true | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Owning Bond Financed Property | false | OwningBondFinancedProperty |
| Any Lease Arrangements | false | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | false | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | false | AnyResearchAgreements |
| Bond Counsel Routinely Engaged | false | BondCounselRoutinelyEngaged |
| Prcntge Prvt Business Use By Others | 0.0000 | PrcntgePrvtBusinessUseByOthers |
| Percentage Of Prvt Business Re UBI | 0.0000 | PercentageOfPrvtBusinessReUBI |
| Total Private Business Use | 0.0000 | TotalPrivateBusinessUse |
| Post Issuance Compliance Procdrs | false | PostIssuanceComplianceProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8038 T Filed | false | Form8038TFiled |
| Variable Rate Issue | true | VariableRateIssue |
| Hedge Identified In Books And Recds | false | HedgeIdentifiedInBooksAndRecds |
| Gross Proceeds Invested In GIC | false | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | false | GrossProceedsInvested |
| Exception To Rebate | true | ExceptionToRebate |
Form990 Schedule K Part V Form990ScheduleKPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | YEAR OF SUBSTANTIAL COMPLETION | Identifier |
| Return Reference | SCHEDULE K, PART II, LINE 13 | ReturnReference |
| Explanation | THE BOND WAS A REISSUANCE OF A 2008 BOND AND THE PROJECT THE ORIGINAL BOND WAS USED FOR WAS COMPLETED IN 2008. | Explanation |
Schedule L IRS990ScheduleL
Form990 Schedule L Part III Form990ScheduleLPartIII
Name Of Interested Business NameOfInterestedBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NA | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amount Of Grant | 2400 | AmountOfGrant |
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DR LAURA STRICKLAND | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | SPOUSE OF OFFICER DR. L. RANDY STRICKLAND | Relationship |
| Amount Of Transaction | 110472 | AmountOfTransaction |
| Description Of Transaction | COMPENSATION | DescriptionOfTransaction |
| Sharing Of Revenues | false | SharingOfRevenues |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 5000 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | OPINIONS OF EXPERTS | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 0 | NumberOf8283Received |
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | true | ReviewProcessUnusualNCGifts |
| Third Parties Used | false | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Significant changes to organizational documents | Form 990, Part VI, Section A, Line 4 | THE FOLLOWING COMMITTEE WAS ADDED TO THE BYLAWS: AUDIT COMMITTEE - THE DUTIES OF THIS COMMITTEE ARE: (I) TO REVIEW THE PROPOSED AUDIT SCOPE AND APPROACH, INCLUDING THE USE OF INTERNAL STAFF AND RECOMMEND TO THE BOARD A FIRM OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS TO AUDIT THE FINANCIAL STATEMENTS OF THE UNIVERSITY; (II) TO APPROVE THE ANNUAL AUDIT FEE; (III) TO CONDUCT OR AUTHORIZE INVESTIGATIONS INTO ANY MATTERS WITHIN ITS SCOPE OF RESPONSIBILITIES; (IV) TO REVIEW WITH MANAGEMENT AND EXTERNAL AUDITORS ALL MATTERS REQUIRED BY THEIR PROFESSIONAL STANDARDS TO BE COMMUNICATED TO THE COMMITTEE, INCLUDING WHETHER THE FINANCIAL STATEMENTS REFLECT APPROPRIATE ACCOUNTING PRINCIPLES; (V) TO REVIEW IRS FORM 990; (VI) TO REVIEW AND CONFIRM THE EXTERNAL AUDITORS' ASSERTION OF THEIR INDEPENDENCE IN ACCORDANCE WITH PROFESSIONAL STANDARDS; (VII) TO MEET PRIVATELY WITH EXTERNAL AUDITORS AS APPROPRIATE; (VIII) TO REVIEW AND EVALUATE ORGANIZATIONAL PROCESSES FOR IDENTIFYING, MANAGING AND MITIGATING FINANCIAL RISK (INCLUDING REPORTS ON INSURANCE); AND (IX) TO RECEIVE UPDATES ON LITIGATION. |
| 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 AND THE SPALDING UNIVERSITY FOUNDATION. 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, Section B, 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. |
| 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 JULY 2010. |
| Public Disclosure | 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 | TRANSFER FROM SPALDING UNIVERSITY FOUNDATION - 11308563; CHANGE IN VALUE OF SWAP - 206452; SPLIT INTERST AGREEMENTS - 37420; |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE SPALDING UNIVERSITY FOUNDATION INC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 845 SOUTH THIRD STREET | AddressLine1 |
| City | LOUISVILLE | City |
| State | KY | State |
| ZIP Code | 40203 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 262561788 | EIN |
| Primary Activities | SUPPORT THE EDUCATIONAL AND CHARITABLE MISSION OF THE SPALDING UNIVERSITY | PrimaryActivities |
| Legal Domicile State | KY | LegalDomicileState |
| Exempt Code Section | 501(C)(3) | ExemptCodeSection |
| Public Charity Status | 2 | PublicCharityStatus |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SPALDING UNIVERSITY INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | false | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | true | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | false | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | false | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | false | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | false | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | false | SharingOfFacilities |
| Sharing Of Paid Employees | false | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | false | OtherTransferToOtherOrg |
| Other Transfer From Other Org | true | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable
Name Of Other Organization NameOfOtherOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SPALDING UNIVERSITY FOUNDATION INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | R | TransactionType |
| Amount Involved | 11308563 | AmountInvolved |
| Method Of Amt Determination | FMV | MethodOfAmtDetermination |
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