2011-04-07T11:07:27-05:00 2010-06-30 Metcalf Davis CPAs 3340 Peachtree Road NE Suite 2600 Atlanta GA 303261089 990 2009-07-01 580566143 Brenau University Inc BREN 7705346268 500 Washington Street SE Gainesville GA 30501 Sandra Thornton 7705346268 2011-04-02 1 E Wayne Williams Jr 4042641700 2009 2016-02-24 21:20:13Z Dr Edward L Schrader J 500 Washington Street SE Gainesville GA 30501 54675729 0 X www.brenau.edu X 1878 GA Brenau University challenges students to live extraordinary lives of personal and professional fulfillment. As students pursue an Associate's, Bachelor's, or Graduate degree program at Brenau, they gain preparation for a lifetime of intellectual accomplishment and appreciation of artistic expression through a curriculum enriched by the liberal arts, scientific enquiry and global awareness. 34 31 921 57 0 0 1769085 3714169 37224960 39641306 6011361 817649 5164 -6872 45010570 44166252 8258487 8676171 0 0 20017449 19850446 21001 0 861958 11876036 12444275 40172973 40970892 4837597 3195360 73636611 77856607 22018436 20649683 51618175 57206924 Brenau University challenges students to live extraordinary lives of personal and professional fulfillment. As students pursue an Associate's, Bachelor's, or Graduate degree program at Brenau, they gain preparation for a lifetime of intellectual accomplishment and appreciation of artistic expression through a curriculum enriched by the liberal arts, scientific enquiry and global awareness. 0 0 17313274 8547868 17868259 Brenau University is a private comprehensive university that includes the Undergraduate School, the Graduate School, and the Academy. Each component of the University enhances the others through shared resources, facilities, faculty and cultural opportunities with some limited cross-enrollment opportunities available. However, each unit is defined by distinct characteristics.The Undergraduate School offers studies leading to an associate degree and 40 baccalaureate degrees and is open to men and women. The programs provide foundations for individual and professional growth and competence. Within the Undergraduate School is the Women's College, which offers baccalaureate programs, some of which feed into graduate programs, with a multi-discipline liberal arts foundation that enable students to explore general interests as well as pursue specialized studies. The Women's College is a residential institution which also provides for enrollment of non residential female students. Enrollment for the Women's College is 840 students. 14019607 88803 20411391 The Graduate School offers studies leading to 27 masters and educational specialist degrees as well as 5 graduate certificates and is open to men and women. The programs encourage students to develop the proficiency and professionalism necessary to meet the challenges inherent in their fields of study.The combined enrollment in the coeducational Undergraduate and Graduate Schools is 1,900. 2087872 39500 1361656 The Academy is a college preparatory boarding and day school for young women in grades nine through twelve. Among the many educational opportunities available to Academy students is the chance to take college classes and earn college credits through the Women's College. The Academy enrollment is 48. 33420753 1 1 0 0 0 0 1 0 1 1 1 0 1 0 0 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 1 1 1 1 0 0 0 0 0 0 0 1 115 0 1 921 1 0 0 0 0 0 1 1 0 0 0 34 31 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X Sandra Thornton 7705346268 500 Washington Street SE Gainesville GA 30501 Peter D Miller 1.00 X 0 0 0 Philip A Wilheit Sr 1.00 X 0 0 0 James A Walters 1.00 X 0 0 0 Carole Ann Carter Daniel 1.00 X 0 0 0 Dr Gale J Allen 1.00 X 0 0 0 Melissa W Blanchard 1.00 X 0 0 0 Raymond H Burch 1.00 X 0 0 0 Robin Smith Dudley 1.00 X 0 0 0 Kathryn Dunlap 1.00 X 0 0 0 Roger E Dailey 1.00 X 0 0 0 Elizabeth B Fisher 1.00 X 0 0 0 John B Floyd 1.00 X 0 0 0 Lily Grace M Hudson 1.00 X 0 0 0 M Douglas Ivester 1.00 X 0 0 0 John W Jacobs Jr 1.00 X 0 0 0 Laura S Jester 1.00 X 0 0 0 Angela B Johnston 1.00 X 0 0 0 Mary Pat Ward King 1.00 X 0 0 0 Richard H Leet PhD 1.00 X 0 0 0 Ben E Lilly 1.00 X 0 0 0 James E Mathis Jr 1.00 X 0 0 0 Katherine F McMaster 1.00 X 0 0 0 James H Moore 1.00 X 0 0 0 Betty Verson Norton 1.00 X 0 0 0 Mary E Raines 1.00 X 0 0 0 Gary L Riley 1.00 X 0 0 0 Lawrence B Schrage 1.00 X 0 0 0 Erin M Seng 1.00 X 0 0 0 Robert L Silverman 1.00 X 0 0 0 Gail A Smith 1.00 X 0 0 0 Judge Sidney O Smith Jr 1.00 X 0 0 0 Jane P Suggs 1.00 X 0 0 0 Bob Swoszowski 1.00 X 0 0 0 Stuart R Virgin 1.00 X 0 0 0 Scott A Briell 40.00 X X 142760 0 5172 Dr Edward L Schrader 40.00 X X 393942 0 64727 Wayne W Dempsey 40.00 X X 162266 0 18312 Sandra D Thornton 40.00 X X 114139 0 15040 Jack Matthew Thomas 40.00 X X 112788 0 14988 William Fred Scott 19.00 X 130000 0 80 Gale H Starich 40.00 X 114558 0 14856 1170453 0 133175 10 0 1 0 Aramark Services Inc 1101 Market Street Philadelphia PA 191072988 Food service vendor 1397358 Aramark Facility Services 1101 Market Street Philadelphia PA 191072988 Custodial services 651495 Catalyst Communications 8358 Main Street 1st Floor Ellicott City MD 21043 Advertising 546325 Optima Properties LLC 3139 Campus Drive Suite 700 Norcross GA 30071 Rental 322980 All Outdoor LLC P O Box 6165 Gainesville GA 30504 Landscape services 192765 8 72350 86857 3554962 191682 3714169 Tuition and fees 611710 33983601 33983601 Auxiliary services 611710 5657705 5657705 39641306 680675 680675 10602955 10465981 136974 136974 136974 36624 72350 43496 -6872 -6872 44166252 39641306 0 810777 8676171 8676171 835640 67626 409160 358854 14901351 12723786 1912781 264784 621982 484649 109344 27989 2321547 1892623 370303 58621 1169926 916545 205673 47708 84879 84879 71369 71369 102085 102085 696499 550040 126459 20000 613907 27704 586203 2268783 1487482 763446 17855 763636 639605 124031 298087 222439 63947 11701 102426 30285 49285 22856 531337 488511 42826 1683619 1532770 135700 15149 267763 4646 263117 Operations 1595809 1343744 252065 Rental 738363 738363 Recruiting 398248 398248 Bad debt 359955 359955 Net assets released 253227 253227 1614283 1340537 257305 16441 40970892 33420753 6688181 861958 1 894758 1639270 2539312 2629796 2935870 3870582 61654906 26434368 36396962 35220538 22485986 26425337 3716853 3504107 4666870 4566976 73636611 77856607 2227569 1725931 2202828 2379365 13745339 12939067 3842700 3605320 22018436 20649683 X 16685737 21324681 8727248 9496719 26205190 26385524 51618175 57206924 73636611 77856607 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 116950 4213049 X X X 0 21760963 115492 3390648 1069786 24197317 29744179 396881 -6185246 2194851 21760963 1.00000 0 0 2407497 2407497 42700696 13936596 28764100 14364958 11401800 2963158 2181755 1095972 1085783 35220538 Works of art 4213049 Other assets 353927 4566976 Liability under remainder trusts 1381498 Advances from federal government 404880 Liabilities under deferred compensation 441708 Lease obligations 1377234 3605320 44166252 40970892 3195360 2304043 89346 2393389 5588749 37890343 2304043 96219 2400262 35490081 8676171 8676171 44166252 32301593 0 32301593 8669299 8669299 40970892 Part III, Line 4: The University owns approximately 1,803 works of art as follows: Photographs 200 Paintings 603 Works on paper 500 Ceramic (china, sculpture) 400 Sculpture 100 The collection furthers the University's exempt purpose as an educational institution by providing an invaluable educational resource. The collection highlights the notable art trends and focuses on contemporary art and art created by women. The collection helps students broaden their world view by exposing them to a variety of modes of self expression. Part X: Description of Uncertain Tax Positions Under FIN 48: The University is recognized as an organization exempt from Federal income tax under Section 501(c)(3) of the Internal Revenue Code (the "Code") whereby only unrelated business income, as defined by Section 512(a)(1) of the Code, is subject to Federal income tax. The University has adopted the provision of Accounting for Uncertainty in Income Taxes set forth in ASC Topic 740, Income Taxes. This standard clarifies the accounting for uncertainty of income taxes recognized in an entity's financial statements and prescribes a recognition threshold for the financial statement recognition of tax positions taken or expected to be taken on a tax return that are not certain to be realized. The University regularly reviews and evaluates its tax positions taken in previously filed information returns and as reflected in its financial statements, with regard to issues affecting its tax exempt status, unrelated business income and related matters. Management believes that in the event of an examination by taxing authorities, its positions would prevail based upon the technical merits of such positions. Therefore, the University has concluded that no tax benefits or liabilities are required to be recognized. Generally, the IRS may examine a tax return for three years from the date it is filed. At June 30, 2010, tax years ended June 30, 2009 and 2008 and 2007 remain open for possible examination by the IRS. Part XI, Line 8 - Other Adjustments: Rounding: -1. Changes in split interest agreement : 89347. Part XII, Line 2d - Other Adjustments: Change in split interest agreement: 89347. Special events losses: 6872. Part XII, Line 4b - Other Adjustments: Financial aid: 8676171. Part XIII, Line 2d - Other Adjustments: Fund raising : 0. Part XIII, Line 4b - Other Adjustments: Financial aid: 8676171. Special events losses: -6872. 1 1 1 The University publishes its nondiscriminatory policy on its website at http:/www2009.brenau.edu/index.cfm?objectid=B141E28-1AA0-2729-A31BA261FF62AD96 1 1 1 1 0 0 0 0 0 0 0 0 1 0 The University receives Federal Student Financial Aid. 1 1 Europe (Including Iceland & Greenland) 0 Program services Study abroad 0 0 0 0 Financial assistance/scholarships East Asia and the Pacific 10 242582 Posted to student account 0 FMV Financial assistance/scholarships Europe (Including Iceland & Greenland) 10 241606 Posted to student account 0 FMV Financial assistance/scholarships North America 3 76478 Posted to student account 0 FMV Financial assistance/scholarships Russia & the Newly Independent States 3 81574 Posted to student account 0 FMV Financial assistance/scholarshipsFinancial assistance/scholarships South America 3 64356 Posted to student account 0 FMV Financial assistance/scholarships South Asia 6 177909 Posted to student account 0 FMV Financial assistance/scholarships Sub-Saharan Africa 12 292954 Posted to student account 0 FMV Method Used to Acccount for Expenditures: Schedule F, Part I, Line 3: Cost of program was paid by participants directly to a third party provider. Schedule F, Part IV Other Information Part I, Line 2 - The grants reported in Part III are scholarships to students. The use of scholarships is controlled by applying such amounts directly against balances owed by the student for tuition, fees and other qualifying educational expenses. Barbecue 108974 72350 36624 15100 28396 108974 72350 36624 15100 28396 43496 -6872 1 Scholarships and Financial aid 921 8676171 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: The University's financial aid department monitors and maintains records regarding all financial aid awards. X X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Dr Edward L Schrader Jr 231475 0 55000 0 107467 0 55999 0 8728 0 458669 0 0 0 Wayne W Dempsey 138000 0 15000 0 9266 0 11040 0 7272 0 180578 0 0 0 Part I, Line 1a Tax indemnification and gross-up payments - The University's President received tax gross-up payments included as compensation in taxable income. Part I, line 1a: Discretionary spending account - The University's President received a discretionary spending allowance that is reported in taxable income. Part I, line 1a: Housing allowance or residence for personal use - The President is provided with a housing allowance that is reported in taxable income. Part I, line 1a, Personal services - Cleaning services and lawn maintenance are provided for the University's President's personal residence. The value of this benefit is included in taxable income. Gainesville Redevelopment Authority 581520209 362899BR6 2000-05-17 11500000 Fund construction of Performing Arts Center 0 0 11500000 126337 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 Jacobs Family Partnership LP Partly owned by John W. Jacobs, Jr. (Trustee/Chair Emeritus) 85000 On 7/1/2008 the University purchased for $1,400,000 real estate contiguous to the campus with 14 2BR/2B apartments for student housing. Purchase price was based on independent third party appraisal. The purchase was financed with 20 year seller financing of $1,400,000 with 7.5% interest. As part of the financing the seller agreed to contribute $20,000 per year to the University. 0 Mrs Myra Schrader Mrs. Schrader (Spouse of Dr. Edward L. Schrader, Jr. University President) 10857 The University compensates the President's spouse, Myra Schrader, for her services to the University in hosting numerous business and social events annually with a net contribution to her TIAA-CREF retirement account during the time Dr. Schrader is serving as President of the University. 0 Featherbone Center LLC Partly owned by Philip A. Wilheit & James A. Walters (Trustees/Officers) 189756 The University entered into a 37,000 square foot operating lease for its nursing facility and dance classroom space. An extensive search based on cost, suitability, and proximity to the main campus was made before selecting the property at the Featherbone Center. Mr. Walters and Mr. Wilheit abstained from voting, 0 Dr Edward L Schrader Jr Dr. Schrader (University President) The University has a 31.7 percent ownership interest in the home of the University President. Upon sale of the home the University will receive a return of its investment of $226,500 plus 31.7 percent of the increase in the value of the home. 0 X 4 116950 Appraised value X 250 Fair Market Value X 6332 Fair Market Value X 11 66499 Market quotations X 1 1000 Fair Market Value X Musical instruments 1 450 Fair Market Value X Pottery 1 201 Fair Market Value 0 1 1 Form 990, Part VI, Section A, line 2 Two University Trustees/Officers are members of a limited liability company that leases educational facilities to the University. See Schedule L. Form 990, Part VI, Section B, line 11 The Form 990 is reviewed by the Executive Committee of the Board of Trustees and made available online for all Trustees to review prior to filing. Form 990, Part VI, Section B, line 12c Trustees and officers are required to disclose annually any potential conflicts of interest which are reviewed and monitered by the University. Form 990, Part VI, Section B, line 15 The compensation committee of the Board of Trustees reviewed comparability data supplied by a consultant to determine compensation of the President. The President used comparability data to determine recommended compensation of top management and key employees to the Compensation Committee. Form 990, Part VI, Section C, line 18 The University's federal filings are available upon request. Form 990, Part VI, Section C, line 19 The University's governing documents are available upon request. PART XI, LINE 2C Review of Audited Financial Statements The audit committee of the Board of Trustees reviews and approves the audited financial statements before they are issued. This process has not changed from the previous year.