2011-05-11T14:10:46-05:00 2010-06-30 DEAN DORTON ALLEN FORD PLLC 200 SOUTH FIFTH STREET SUITE 201 SO LOUISVILLE KY 402023236 990 2009-07-01 610444780 SPALDING UNIVERSITY INC SPAL 5025859911 845 SOUTH FOURTH STREET LOUISVILLE KY 402032188 tori murden mcclure 5025859911 2011-05-11 1 ROY HILL 5025896050 2009 2016-02-24 21:20:13Z Tori Murden McClure 845 SOUTH FOURTH STREET LOUISVILLE KY 402032188 27274718 0 X WWW.SPALDING.EDU X 1984 KY TO PROVIDE INSTRUCTION, ACADEMIC SUPPORT, STUDENT SERVICES, AND INSTITUTIONAL SUPPORT FOR STUDENTS. 18 18 873 0 0 0 676414 1564786 22234789 24979256 19872 22859 290616 460519 23221691 27027420 2229590 0 13720009 15232284 0 215795 10008529 9679640 23728538 27141514 -506847 -114094 30091324 29379167 19207206 18472819 10884118 10906348 See Schedule O 0 0 11304132 24333224 INSTRUCTION FOR STUDENTS - DEPARTMENTS OF HUMANITIES, NATURAL SCIENCE, COMMUNICATION, NURSING, BUSINESS, PSYCHOLOGY, SOCIAL WORK, EDUCATION, AND OCCUPATIONAL THERAPY. 2991628 415017 ACADEMIC SUPPORT - ORGANIZED ACTIVITIES RELATED TO EDUCATIONAL DEPARTMENTS - ADULT ACCELARATED PROGRAMS, LIBRARY, MEDIA CENTER, AND ARCHIVE ART GALLERY. 3084767 231015 STUDENT SERVICES - OFFICES OF REGISTRAR, ADMISSIONS, STUDENT SERVICES, STUDENT ATHLETICS AND ACTIVITIES AND FINANCIAL AID 7402895 397135 INSTITUTIONAL SUPPORT - PRESIDENT'S OFFICE, BUSINESS OFFICE, PUBLIC RELATIONS, UNIVERSITY ADVANCEMENT, SERVICE ROOM, MISC. AND OTHER INSTITUTIONAL EXPENSES. 7402895 397135 24783422 1 1 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 80 0 1 873 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 KY X SPALDING UNIVERSITY INC 5025859911 845 SOUTH THIRD STREET LOUISVILLE KY 40203 JO ANN ROONEY 40.00 X X X 290875 0 32700 BRIAN B REYNOLDS 0.50 X 0 0 0 CARL M THOMAS 1.00 X 0 0 0 rose howard scn 0.50 X 0 0 0 CORDELL LAWRENCE 0.50 X 0 0 0 HELEN DONALDSON 0.50 X 0 0 0 M Serra goethals 0.50 X 0 0 0 DAVID KAREM 0.50 X 0 0 0 dana jackson 0.50 X 0 0 0 PAUL RATTERMAN 0.50 X 0 0 0 MARY WOLFORD 0.50 X 0 0 0 DAVID FANNIN 0.50 X 0 0 0 jennifer clements stern 0.50 X 0 0 0 Charles A Bennett EdD 0.50 X 0 0 0 Andrew G Beshear 0.50 X 0 0 0 Jon A Meyer 0.50 X 0 0 0 Janet Geurin Miller 0.50 X 0 0 0 Beth Niblock 0.50 X 0 0 0 Perry E Sangalli EdD 0.50 X 0 0 0 Nancy L Warfield 0.50 X 0 0 0 bill weyland 0.50 X 0 0 0 Tori m mcclure 40.00 X 105000 0 15509 LEWIS RANDY STRICKLAND 40.00 X 178500 0 32982 MICHAEL D ERNST 40.00 X 136000 0 19592 Diane Tobin 40.00 X 103737 0 19480 Beverly Keepers 40.00 X 106133 0 7735 920245 0 127998 6 0 1 0 JONES LANG & LASALLE PO BOX 2847 LOUISVILLE KY 40201 Maintenance and Custodial 582247 SCHAEFER GENERAL CONTRACTORS 4716 PINEWOOD ROAD LOUISVILLE KY 40218 Renovations 549314 Securitas Security Services PO Box 403412 Atlanta GA 303843412 Security Services 287477 Software Information Systems PO Box 890500 Charlotte NC 282890500 Software and Maintenance 269163 Brown Hotel 335 West Broadway LOUISVILLE KY 40202 Hotel Rooms and Catering 220995 5 1564786 29171 1564786 TUITION AND FEES 611600 23944424 23944424 entech grant program 611600 415017 415017 master of fine arts pr 611600 388800 388800 RESIDENCE HALL 611600 231015 231015 24979256 22859 22859 126668 63284 63384 63384 253559 184014 69545 69545 MISCELLANEOUS 611600 278880 278880 PARKING 611600 48710 48710 327590 27027420 25376391 0 86243 2229590 2229590 846506 846506 11601292 10602069 852017 147206 617298 567836 35887 13575 1293144 1186245 94917 11982 874044 776100 86836 11108 1278286 1138861 138419 1006 423386 406275 17111 2577047 2522659 29911 24477 33022 25010 8012 282248 260324 17628 4296 1187973 1187803 170 1058546 1058546 200496 199478 1018 SPONSORED PROGRAMS 869510 869510 master of fine arts pro 533166 533166 BAD DEBT EXPENSE 310524 310524 GIFT EXPENSE 238833 238833 PROFESSIONAL DEVELOPMEN 182493 166627 13891 1975 504110 503966 144 27141514 24783422 2142297 215795 4264595 5864815 1055894 780208 1421484 1341994 35771419 16233574 19237929 19537845 2229590 1881832 1854305 30091324 29379167 1273749 1187050 781959 941608 14939363 14299578 2212135 2044583 19207206 18472819 X 8741177 10581987 2051852 63567 91089 260794 10884118 10906348 30091324 29379167 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 21735480 6927349 14808131 2476839 217695 2259144 11559100 9088530 2470570 19537845 OTHER ASSETS 283691 INVESTMENTS HELD IN PERPETUAL TRUST 278345 INTEREST IN CHARITABLE REMAINDER TRUSTS 821695 INTEREST IN CHARITABLE LEAD TRUST 155574 Assets held for sale 315000 1854305 accrued fair value of interest rate swap agreement 1504710 accrued liabilities for asset retirements 539873 2044583 27027420 27141514 -114094 136324 136324 22230 27744799 654095 654095 27090704 -63284 -63284 27027420 25159222 184014 184014 24975208 2166306 2166306 27141514 Part X: Description of Uncertain Tax Positions Under FIN 48: 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, 2010 and 2009 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, 2010 and 2009. The University and Foundation are no longer subject to examination by taxing authorities for teh years before June 30, 2007. Part XI, Line 8 - Other Adjustments: Increase in value of split interest agreement investments: 136324. Part XII, Line 2d - Other Adjustments: AUXILIARY EXPENSES ASSOCIATED WITH AUXILARY INCOME: 184014. spalding university foundation interest income: 257271. spalding university foundation gifts: 212810. Part XII, Line 4b - Other Adjustments: fundraising events expense: -63284. Part XIII, Line 2d - Other Adjustments: AUXILIARY EXPENSES ASSOCIATED WITH AUXILARY INCOME: 184014. Part XIII, Line 4b - Other Adjustments: fundraising events expense: -63284. Investment Transfer/Contribution to related entity: 2229590. 1 1 1 SPALDING UNIVERSITY ADMITS ALL QUALIFIED STUDENTS REGARDLESS OF RACE, CREED, NATIONAL ORIGIN, SEX OR AGE. IT DOES NOT DISCRIMINATE AGAINST ANY OTHERWISE QUALIFIED STUDENT, APPLICANT, PARTICIPANT, EMPLOYEE OR BENEFICIARY ON THE BASIS OF HANDICAP. (STATEMENTS COMPARABLE TO THIS APPEAR IN THE LOCAL NEWSPAPERS AND IN THE UNIVERSITY'S RECRUITMENT PUBLICATIONS.) 1 1 1 1 0 0 0 0 0 0 0 0 1 0 THE UNIVERSITY RECEIVES FEDERAL STUDENT FINANCIAL AID ASSISTANCE FROM THE DEPARTMENT OF EDUCATION. 1 bracketology 32040 32040 12121 8264 Golf Scramble 13020 13020 3476 1215 20 81608 81608 38208 126668 126668 15597 47687 63284 63384 1 The Spalding University Foundation Inc 845 South Third Street Louisville KY 40203 262561788 501(c)(3) 2229590 Fair Market Value Investment transfer to related entity 1 0 book applied to tuition account Endowed scholarship 110 93965 book applied to tuition account Sponsor supported scholarship 12 9830 book applied to tuition account General Institutional Scholarships 1029 1669906 book applied to tuition account fmv Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: All assistance 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 0 1 X X X 0 0 0 0 0 0 0 0 0 JO ANN ROONEY 268375 0 0 0 22500 0 25378 0 7322 0 323575 0 0 0 LEWIS RANDY STRICKLAND 178500 0 0 0 0 0 28993 0 3989 0 211482 0 0 0 MICHAEL D ERNST 136000 0 0 0 0 0 10200 0 9392 0 155592 0 0 0 Part I, Line 1b These are provided based on the employment contracts. louisville jefferson county metro government 320049006 2008-10-27 13500000 Construction and refinancing 1 1 13500000 2009 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 3 4647 fair market value X computer 1 500 fair market value X gift certificates 56 14460 cost X software 2 1410 cost X tickets 13 2552 cost X miscellaneous 27 5602 fair market value 0 0 0 Form 990, Part VI, Section B, line 11 It is Spalding University's policy that the Audit Committee will be responsible for the initial 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. Form 990, Part VI, Section B, line 12c Individuals are asked to re-affirm the policy each year. The policy is reviewed and new forms are signed each year. Form 990, Part VI, Section B, line 15 The Board of Trustees reviews and determines the compensation of the University President using CUPA salary scale and other relevant economic and industry data. The University President and CFO review and determine the compensation of the other officers and key employees using CUPA salary scales and other relevant economic and industry data. Form 990, Part VI, Section C, line 19 Upon request these documents are provided through the University President's office. part xi, line 2c The Audit Committee of the Board of Trustees is charged with review and selection of the University's auditors. As the Audit Committee deems necessary, they request the university to solicit Requests For Proposal (RFP) from a list of audit firms selected by the committee. The committee then reviews the RFP'S and interviews potential audit firms to determine its selection. form 990, part iii, line 1 description of organization's mission 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. the spalding university foundation inc 845 south third street louisville KY 40203 262561788 support the educational and charitable mission of the Spalding University KY 501(c)(3) 509(a)(2) 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 The Spalding University Foundation B 2229590