2011-05-16T10:23:01-05:00 2010-06-30 Metcalf Davis CPAs 3340 Peachtree Road NE Suite 2600 Atlanta GA 303261089 990 2009-07-01 580593414 Young Harris College YOUN 7063793111 PO Box 68 Young Harris GA 30582 Wade M Benson 7063793111 2011-05-16 1 E Wayne Williams Jr 4042641700 2011-05-13 2009 2016-02-24 21:20:13Z L Cathy Cox PO Box 68 Young Harris GA 30582 58618988 0 X www.yhc.edu X 1886 GA Young Harris College educates, inspires, and empowers students through a comprehensive liberal arts experience that integrates mind, body, and spirit. 43 36 508 40 -369 -369 3040428 8017922 13664507 17566574 -9067127 4724305 -3590 -887 7634218 30307914 4901260 6710667 0 9063850 11202873 67712 105145 1344461 9013251 9582695 23046073 27601380 -15411855 2706534 120659679 146132317 20077711 36323362 100581968 109808955 Young Harris College educates, inspires, and empowers students through a comprehensive liberal arts experience that integrates mind, body, and spirit. 0 0 6170578 12688789 Instructional: Funds expended to educate students through a comprehensive liberal arts experience and challenge students through innovative academic programs. Enrollment in 2009-2010 included approximately 764 students. 2494379 Academic Support: Funds expended to provide faculty administration and support, development opportunities, curriculum enrichment and library, technology, and research and planning services. These expenditures are integral to the operation and support of quality academic programs and the retention and empowerment of excellent faculty. 6710667 6710667 Student Financial Assistance: The College is committed to recruiting excellent students and helping secure the necessary resources to meet the cost of an excellent education. The comprehensive student financial assistance program includes scholarships, grants, loans, and part-time campus employment. 96% of the students enrolled during 2009-2010 received some form of financial assistance. 4378551 467306 Student Services: Funds expended for innovative programming which challenges students culturally, athletically and spiritually. The College strives to recruit and retain excellent students and empower them to reach their full potential. These expenditures provide support for extra-curricular activities and student related services at the College which are essential to the students' well being and contribute to the quality of life outside the formal academic programs. 3961471 4410479 Auxiliary Services: Funds expended for meal services and the operation, repair and maintenance of the College's residence halls and dining facility. 8340022 4877785 23715646 1 1 0 0 0 0 0 0 1 1 1 0 1 0 0 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 61 0 508 1 1 1 0 0 0 0 1 1 0 43 36 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 1 0 GA X Wade M Benson CPA 7063793111 1 College Street Young Harris GA 305820068 Jerry W Nix 1.00 X X 0 0 0 Douglas B Mitchell 1.00 X X 0 0 0 James T Johnston Jr 1.00 X X 0 0 0 Jeffrey P Adams 1.00 X 0 0 0 Jonathan F Anderson 1.00 X 0 0 0 M Brantley Barrow 1.00 X 0 0 0 Clair W Frazier 1.00 X 0 0 0 Dr Don A Harp Jr 1.00 X 0 0 0 Wyck A Knox Jr 1.00 X 0 0 0 Pamela Rollins 1.00 X 0 0 0 Paul D Beckham 0.50 X 0 0 0 Alleen D Bratton 0.50 X 0 0 0 The Hon Earl L Carter 0.50 X 0 0 0 Dr James R Ellison 0.50 X 0 0 0 Alvin Gibson 0.50 X 0 0 0 Rev David T Haygood S 0.50 X 0 0 0 Robert L Head Jr 0.50 X 0 0 0 Dr William Harry Hill 0.50 X 0 0 0 Henry M Huckaby 0.50 X 0 0 0 Gerald W Hudgins 0.50 X 0 0 0 Ray P Lambert Jr 0.50 X 0 0 0 The Hon T Bert Lance 0.50 X 0 0 0 Rubye M Lucas 0.50 X 0 0 0 Richard W McGinnis 0.50 X 0 0 0 The Hon Murphy Miller 0.50 X 0 0 0 The Hon Zell B Miller 0.50 X 0 0 0 Kurt T Momand 0.50 X 0 0 0 Dr Robert V Ozment 0.50 X 0 0 0 David A Pattillo 0.50 X 0 0 0 William F Roberts 0.50 X 0 0 0 Julie D Salisbury 0.50 X 0 0 0 Jimmy C Tallent 0.50 X 0 0 0 Jones Webb 0.50 X 0 0 0 Michele T White 0.50 X 0 0 0 The Hon Charles S Wynn 0.50 X 0 0 0 Margaret R Buker 0.50 X 0 0 0 Rene M Diaz 0.50 X 0 0 0 Rev Cindy Autry 0.50 X 0 0 0 Carol A Chastain 0.50 X 0 0 0 Dr Gerald S Thurman 0.50 X 0 0 0 Bishop B Michael Watson 0.50 X 0 0 0 Matthew F Kammerer 0.50 X 0 0 0 L Cathy Cox 40.00 X 215895 0 30796 Dr John Wells 40.00 X 67596 0 13518 Dr Ronald R Ingle 40.00 X 52771 0 0 Wade M Benson 40.00 X 108002 0 18723 Jay Stroman 40.00 X 162955 0 19038 Rosemary Royston 40.00 X 72235 0 15368 Clint Hobbs 40.00 X 80397 0 15823 Susan Rogers 40.00 X 60256 0 12816 Kenneth W Fanueff 40.00 X 80171 0 14543 900278 0 140625 3 0 1 0 Hardin Construction Company LLC 3301 Windy Ridge Parkway Ste 400 Atlanta GA 30339 General Contractor 14580079 Brailsford & Dunlavey 1140 Connecticut Avenue NW Suite 4 Washington DC 20036 Facility Planners 1349053 ARAMARK 1101 Market Street Philadelphia PA 19107 Food Service 1226491 VMDO 200 East Market Street Charlottesville VA 22902 Architects 896000 Hughes Group 22630 Davis Drive Suite 175 Sterling VA 20164 Architects 745283 8 43079 65940 7908903 39663 8017922 Tuition & fees 611710 12688789 12688789 Auxiliary services 611710 4410479 4410479 Student Support 611710 467306 467306 17566574 3387429 3387429 29625282 28288406 1336876 1336876 1336876 22150 43079 22668 -518 -518 Income (loss) from par 523000 -369 -369 -369 30307914 17566574 -369 4723787 6710667 6710667 1217870 648317 263507 306046 7614579 7078490 398850 137239 522071 456718 39151 26202 1224115 1070881 91798 61436 624238 546097 46812 31329 104835 21931 82904 49290 49290 105145 105145 218462 218462 471368 154485 263348 53535 580324 138216 169813 272295 1902994 1719975 35921 147098 552141 489506 25993 36642 495857 495857 2385806 2293193 92613 225762 71386 154376 Student meals 1194752 1170859 11454 12439 Repairs and maintenance 700787 651843 24530 24414 Other 598419 434203 48549 115667 Dues and subscriptions 101898 58879 28045 14974 27601380 23715646 2541273 1344461 2404244 3336800 10123 2170210 14510 4874 614017 668684 281381 204199 76872509 29266440 32355915 47606069 29693809 32368361 50953067 54998049 4331496 4775071 1117 0 120659679 146132317 4323846 3221420 14602823 32010379 1151042 1091563 20077711 36323362 X 38396458 41044990 3827958 7183613 58357552 61580352 100581968 109808955 120659679 146132317 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 42118360 515138 7831147 7079337 43385308 52860734 1760549 -6688336 5814587 42118360 0.53700 0.42860 0.03440 1 0 3145941 3145941 41636212 15756881 25879331 4939074 3772390 1166684 12153844 9737169 2416675 14997438 14997438 47606069 Other investments 9346026 F Beneficial interest in perpetual trust 42460569 F Beneficial interest in remainder trust 204733 F Investments held in trust for others 2986721 F 54998049 Due to beneficiaries 752269 Environmental clean-up obligation 72072 Deposits 267222 1091563 30307914 27601380 2706534 3585614 2934839 6520453 9226987 30117700 3585614 0 2934839 6520453 23597247 6710667 6710667 30307914 20890713 0 20890713 6710667 6710667 27601380 Part V, Line 4: Description of Intended Use of Endowment Funds: The endowment funds are used for scholarships, academic chairs, library, public programs, maintenance, long-term facility repairs and replacement, and other. Part XI, Line 8 - Other Adjustments: Change in value of split interest agreements: 2958252. Distribution to beneficiaries: -13672. Faculty early retirement obligation: -9741. Part XII, Line 2d - Other Adjustments: Change in value of split interest agreements: 2958252. Distribution to beneficiaries: -13672. Faculty early retirement obligation: -9741. Part XII, Line 4b - Other Adjustments: Scholarships and financial assistance: 6710667. Part XIII, Line 4b - Other Adjustments: Scholarships and financial assistance: 6710667. 1 1 1 The College publishes and upholds the following policy: "Young Harris College ("the College") is committed to maintaining a fair and respectful environment for living, work, and study. To that end, and in accordance with federal and state law, and College policy, the College prohibits any member of the faculty, staff, administration, student body, or visitors to campus, whether they be guests, patrons, independent contractors, or clients, from harassing and/or discriminating against any other member of the College community because of that person's race, sex (including sexual harassment), sexual orientation, ethnic or national origin, religion, age, disabled status, or status as a disabled veteran or veteran of the Vietnam era. Incidents of harassment and discrimination will be met with appropriate disciplinary action, up to and including dismissal from the College."All members of the College community are expected, responsible, and obligated to uphold this policy. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 The College receives aid from governmental agencies to support its student financial aid programs. In the current year, the College received and distributed governmental aid totaling 65,940. 1 1 Russia & the Newly Independent States Program Services Study abroad 0 0 0 Financial Assistance Europe (Including Iceland & Greenland) 14 247140 Credit to bursar accounts Financial Assistance Middle East and North Africa 2 18457 Credit to bursar accounts Financial Assistance Sub-Saharan Africa 1 9000 Credit to bursar accounts Financial Assistance East Asia and the Pacific 3 57528 Credit to bursar accounts Financial Assistance Central America and the Caribbean 10 175394 Credit to bursar accounts Financial Assistance South America 3 73883 Credit to bursar accounts Financial Assistance North America 1 8745 Credit to bursar accounts Schedule F, Part IV Other Information Accounting for expenditures includes ensuring that people are clearly foreign persons for scholarships and financial assistance. X X X 0 Don Harp Fundraising Consultant 0 0 13200 -13200 Oconee Institute Fundraising Consultant 0 0 47945 -47945 Myers McRae Executive 0 0 35000 -35000 Alexander Haas Fundraising Consultant 0 0 9000 -9000 105145 -105145 Clay Dotson Open 65229 43079 22150 22668 65229 43079 22150 22668 22668 -518 1 Scholarships and financial assistance 662 6120520 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: Young Harris College develops financial aid awards based upon a combination of factors, including the student's demonstrated financial need as determined by the FAFSA or other family financial indicator as accepted by the College, high school GPA, and SAT or ACT scores. Aid is to be awarded in the manner which best serves the greatest number of students and which is in keeping with the intent of the various campus programs. All institutional financial aid awards are made in accordance with the student's ability to maintain satisfactory academic progress. The Financial Aid Department monitors the students' satisfactory academic progress annually for institutional aid to determine continued eligibility. Standards are set on qualitative and quantitative progress. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 L Cathy Cox 215895 0 0 0 0 0 12300 0 18496 0 246691 0 0 0 Jay Stroman 162955 0 0 0 0 0 9340 0 9698 0 181993 0 0 0 Part I, Line 1a The President of the College is provided with a residence on its campus as a condition of employment to perform responsibilities integrally related to her responsibilities. Accordingly, the value of this housing is not included in taxable compensation. United Community Bank Inc Bank officers and board include the College's President and three Trustees. 891000 The College has several cash accounts and three different lines-of-credit with this local area bank. The bank's Chief Executive Officer, Jimmy C. Tallent, its Chairman, Robert L. Head, Jr., are members of the College's Board of Trustees. The College's President, L. Cathy Cox, is a trustee of the bank and another member of the College's Board of Trustees, Zell B. Miller, is an emeritus trustee of the bank. None of these persons were involved in the decision to select this bank as service provider to the College. The terms of these loans are more favorable to the College than quotes received from other institutions. 0 Hardin Construction Company LLC Company's Chairman is a College Trustee. 14580079 During the fiscal year ended June 30, 2010, the College completed construction on a student recreation center. The Chairman of the construction company, M. Brantley Barrow, is a member College's Board of Trustees. The terms of the construction contract are more favorable to the College than the quotes received from other firms, and the Board member who is also the Chairman of this company was not involved in the selection process. 0 0 0 0 X 2 7495 X 7685 X 1424 X 1 15000 X Sports tickets 1 300 X Supplies 4 91 X Tech equipment 2 5850 X Gift certificates 10 1818 0 1 0 Form 990, Part VI, Section A, line 2 The Honorable Zell B. Miller and the Honorable Murphy Miller are father and son, respectively, and both serve on the College's Board of Trustees. Form 990, Part VI, Section A, line 2 The College's President and three members of the College's Board of Trustees have a business relationship with a local area bank, United Community Bank, Inc. The bank's Chief Executive Officer, Jimmy C. Tallent, its Chairman, Robert L. Head, Jr., are members of the College's Board of Trustees. The College's President, L. Cathy Cox, is a trustee of the bank and another member of the College's Board of Trustees, Zell B. Miller, is an emeritus trustee of the bank. Form 990, Part VI, Section B, line 11 The Form 990 is sent electronically or by direct mail to all voting Trustees for review prior to being filed. Form 990, Part VI, Section B, line 12c The organization reviews and monitors any possible conflicts that are listed on the annual required disclosures filed by the officers, directors and employees. Form 990, Part VI, Section B, line 15 The Governance and Compensation Committee of the Board of Trustees reviews and approves the President's compensation. The Vice President's compensation is reviewed and approved by the President. The Human Resource Office maintains comparability data and all employee information. Form 990, Part VI, Section C, line 18 The College's Form 990 is available upon request. Form 990, Part VI, Section C, line 19 The College's documents are available upon request.