2024-03-07T18:57:31-06:00 2023-06-30 581673613 BENNETT THRASHER LLP 3300 RIVERWOOD PARKWAY 700 ATLANTA GA 30339 990 2022-07-01 580568698 OGLETHORPE UNIVERSITY INC OGLE 4042611441 4484 PEACHTREE ROAD NE ATLANTA GA 30319 PETER D STOBIE VP FOR BUSINESS AND FINANCE 4043648322 2024-03-05 1 PETER STOBIE XXX-XX-XXXX 1 DARLENE RUTLEDGE P01202473 7703962200 2024-03-05 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DR KATHRYN MCCLYMOND 4484 PEACHTREE ROAD NE ATLANTA GA 30319 80051726 0 X WWW.OGLETHORPE.EDU X 1835 GA INSTITUTION OF HIGHER EDUCATION 35 34 711 180 -279872 0 6140457 5191684 69201591 73176096 1328115 500197 2681158 768705 79351321 79636682 36948211 39982784 0 0 19562886 21967240 0 0 1631247 18578519 17794523 75089616 79744547 4261705 -107865 129894458 129925400 12374260 10396382 117520198 119529018 ATLANTA'S OGLETHORPE UNIVERSITY IS COMMITTED TO TEACHING EXCELLENCE IN AN INCLUSIVE LEARNING ENVIRONMENT. WE PREPARE STUDENTS FOR SUCCESS IN PROFESSIONAL ENDEAVORS AS RESPONSIBLE AND PRODUCTIVE CONTRIBUTORS TO A GLOBAL SOCIETY. 0 0 53966626 39982784 60267221 INSTRUCTION - THE COST OF OFFERING THE ACADEMIC PROGRAMS. 12494140 11025502 STUDENT SERVICES - THE COSTS OF EXTRACURRICULAR AND STUDENT-ORIENTED SERVICES AND PROGRAMS DESIGNED TO ENHANCE THE LEARNING ENVIRONMENT. 2697147 1603501 ACADEMIC SUPPORT, THE COSTS OF ACTIVITIES ASSOCIATED WITH THE SUPPORT OF THE CAMPUS AND RESIDENTIAL COMMUNITY. 69157913 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 64 0 1 711 1 1 1 0 0 0 0 0 0 0 0 0 X 35 34 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 GA X PETER D STOBIE VP FOR BUSINESS AND FINANCE 4043648322 4484 PEACHTREE ROAD NE ATLANTA GA 30319 NORMAN P FINDLEY III VICE CHAIR 2.00 X X 0 0 0 JOSELYN BUTLER BAKER SECRETARY 2.00 X X 0 0 0 MILFORD MCGUIRT TREASURER 2.00 X X 0 0 0 CAMERON M BREADY CHAIR 2.00 X X 0 0 0 MR RICHARD BAKARE TRUSTEE 1.00 X 0 0 0 MS VIRGINIA BENNETT TRUSTEE 1.00 X 0 0 0 MR RICARDO C CARVALHO TRUSTEE 1.00 X 0 0 0 MR L THOMAS CLEMENTS TRUSTEE 1.00 X 0 0 0 MS MARIYA NIKOLAEVA DAVIS TRUSTEE 1.00 X 0 0 0 MR DENIS J DUNCAN TRUSTEE 1.00 X 0 0 0 MR D AUSTIN GILLIS TRUSTEE 1.00 X 0 0 0 MRS DIANNE GLENNIE TRUSTEE 1.00 X 0 0 0 MR JAMES V HARTLAGE JR TRUSTEE 1.00 X 0 0 0 MR H THEODORE HEINTZ JR TRUSTEE 1.00 X 0 0 0 MR J CLEVELAND HILL TRUSTEE 1.00 X 0 0 0 MS MEREDETH LACKEY TRUSTEE 1.00 X 0 0 0 MR JAMES W LEWIS TRUSTEE 1.00 X 0 0 0 MR J RUSSELL MAGBEE JR TRUSTEE 1.00 X 0 0 0 MR TIMOTHY MURPHY JR TRUSTEE 1.00 X 0 0 0 MR CEMAL OZGORKEY TRUSTEE 1.00 X 0 0 0 MR CODY L PARTIN TRUSTEE 1.00 X 0 0 0 MR DAVID R PASS TRUSTEE 1.00 X 0 0 0 MS ANITA PATTERSON TRUSTEE 1.00 X 0 0 0 MS S TAMMY PEARSON TRUSTEE 1.00 X 0 0 0 MS DONNA RASILE TRUSTEE 1.00 X 0 0 0 MR TIMOTHY RANDALL ROBERSON TRUSTEE 1.00 X 0 0 0 MR CLIFFORD ROBINSON TRUSTEE 1.00 X 0 0 0 MR JOHN SHELLNUT TRUSTEE 1.00 X 0 0 0 DR WILLIAM O SHROPSHIRE TRUSTEE 1.00 X 0 0 0 MR CHAD SMITH TRUSTEE 1.00 X 0 0 0 MR MIKE SUCO TRUSTEE 1.00 X 0 0 0 MR TIMOTHY TASSOPOLOUS TRUSTEE 1.00 X 0 0 0 MR NEIL TOFSKY TRUSTEE 1.00 X 0 0 0 MR JAMES WINESTOCK TRUSTEE 1.00 X 0 0 0 PETER DAVID STOBIE VP FOR BUSINESS AND FINANCE & CFO 40.00 X 253304 0 30912 KATHRYN MCCLYMOND PRESIDENT 40.00 X 215994 0 6846 STEPHEN CRAFT DEAN OF HAMMACK BUSINESS SCHOOL 40.00 X 200388 0 7430 REBECCA SANDIDGE VP OF ENROLLMENT MANAGMENT 40.00 X 155753 0 18686 REGINA MINCBERG BENNETT GENERAL COUNSEL & CHIEF OF STAFF 40.00 X 153953 0 6588 MEREDITH LYNNE RAIMONDO VICE PRESIDENT OF STUDENT AFFAIRS 40.00 X 149565 0 10831 DR NICHOLAS LADANY EX-PRESIDENT/OFFICIO AS OF MAY 2023 60.00 X 397019 0 30076 JUAN MCGRUDER FORMER VP FOR ADVANCEMENT 40.00 X 230879 0 13865 1756855 0 125234 21 1 1 0 ARAMARK SERVICES PO BOX 978839 DALLAS TX 75397 FOOD SERVICE VENDOR 2811960 SHERIDAN CONSTRUCTION PO BOX 4441 MACON GA 31208 CONSTRUCTION SERVICES 1607076 P3 PAINTING AND RENOVATIONS INC 5227 PALMERO CT STE A BUFORD GA 30518 PAINTING & REPAIRS SERVICES 408993 MCKENNEY'S INC PO BOX 406340 ATLANTA GA 30384 HVAC SERVICES 310874 GC ROOFING & RESTORATION 1928 COOPER LANDING DR SMYRNA GA 30080 DAMAGE REPAIRS SERVICES 265496 22 5191684 1373125 5191684 TUITION AND FEES 611310 60267221 60267221 ROOM AND BOARD 611310 11025502 11025502 AUXILIARY AND FACILITY SERVICES 611310 1883373 1883373 73176096 19578 19578 480619 0 480619 480619 480619 135172 415044 -279872 -279872 OTHER REVENUE 611310 1048577 1048577 1048577 79636682 74705292 -279872 19578 39982784 39982784 700174 503623 157972 38579 19833538 14265910 4474813 1092815 79479 57168 17932 4379 45756 32912 10323 2521 1308293 941032 295175 72086 25000 25000 102931 102931 119300 119300 440009 440009 1670974 429240 1188348 53386 888946 807454 59480 22012 219666 176546 43120 4909446 3945735 963711 REPAIRS AND MAINTENANCE 3219961 2587891 632070 FOOD SERVICES 3066065 2926722 100961 38382 PROFESSIONAL & RECRUITM 1773379 795671 763477 214231 OTHER EXPENSES 1104505 1011649 0 92856 254341 253567 774 79744547 69157913 8955387 1631247 6347136 1975508 3153374 2750843 901736 1281372 49161 56472 100891 324952 124374241 48576750 77314262 75797491 41533040 46106563 250864 198225 243994 1433974 129894458 129925400 2178700 1647020 1512548 1359780 7500757 6394346 1182255 995236 12374260 10396382 X 89903171 88364817 27617027 31164201 117520198 119529018 129894458 129925400 -107865 2116685 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7625 5801471 X X X X 0 0 41607910 2624573 3792403 1623079 46401807 46190010 934786 -4045158 1471670 41607968 35722360 1548227 10315243 1395820 46190010 33645036 974375 2489452 1386503 35722360 33885630 794042 350854 1385490 33645036 0.38920 0.54690 0.06390 1 0 6038613 6038613 97629668 37396462 60233206 0 14904489 11180288 3724201 5801471 5801471 75797491 ADVANCES FROM FEDERAL GOVERNMENT 169466 EARLY RETIREMENT LIABILITIES 336484 ACCRUED VACATION LIABILITIES 349455 OTHER LIABILITIES 139831 995236 X 39653898 0 39653898 39982784 39982784 79636682 39761763 0 39761763 39982784 39982784 79744547 PART III, LINE 4: OGLETHORPE UNIVIERSITY MUSEUM OF ART (OUMA) PERMANENT COLLECTION CURRENTLY NUMBERS MORE THAN 1,000 WORKS OF ART SPANNING OVER SEVEN CENTURIES. THE COLLECTION BOASTS PARTICULAR STRENGTH IN TWO DIVERSE AREAS JAPANESE PORCELAIN RANGING FROM THE LATE 17TH CENTURY TO THE EARLY 20TH CENTURY AS WELL AS WORKS ON PAPER AND PAINTINGS FROM THE VARIOUS SCHOOLS OF 19TH AND EARLY 20TH CENTURY FRANCE. NOTABLE ARTISTS IN THIS SECOND AREA OF STRENGTH INCLUDE BOUDIN, RENOIR, PISSARRO, LUCE, SOMM, HUET, GUYS, MAUFRA, DELACROIX, COURBET, AND MATISSE. THE COLLECTION OF NOTABLE AMERICAN ARTISTS INCLUDES WORKS OF ART BY CORNOYER, SAUSSY, WEBB, O'KELLY, AND AUDUBON. THE COLLECTION REFLECTS THE DIVERSITY OF THE CAMPUS AND OU'S COMMITMENT TO THE SAME WITH THE ADDITION OF WORKS OF ART BY BEARDEN, GAY, TAMAYO, TAVERA, AND TOLLIVER. THE COLLECTIONS ARE MAINTAINED FOR ACADEMIC RESEARCH AS WELL AS PUBLIC EXHIBITION AND EDUCATION IN THE FURTHERANCE OF SUPPORT OF THE LIBERAL ARTS MANDATE OF THE UNIVERSITY, COMMUNITY OUTREACH, AND PUBLIC SERVICE. THE WORKS OF ART IN THE PERMANENT COLLECTION HAVE BECOME PART OF OGLETHORPE UNIVERSITY'S ENDOWMENT. AS SUCH THEY ARE A SIGNIFICANT INVESTMENT, CULTURAL ASSET, AND ALSO SUPPORT THE CURRICULAR GOALS OF THE UNIVERSITY. GOALS OF ACADEMIC SUPPORT ARE FURTHER MET THROUGH THE SKYLIGHT STUDY CENTER. OUMA OFFERS GALLERY ASSISTANT INTERNSHIPS, INDEPENDENT STUDY, CLASSES IN MUSEUM STUDIES AND CURATORIAL STUDIES, AND WORK STUDY OPPORTUNITIES FOR STUDENTS AND ACTIVELY SUPPORTS STUDENT NETWORKING IN THE MUSEUM FIELD. OUMA STAFF COLLABORATIVELY PLAN WITH OU FACULTY TO ALLOW DIRECT COURSE AND EXHIBITION DEVELOPMENT, GIVING STUDENTS AN IMMERSIVE EXPERIENCE, WHICH IS BOTH SCHOLARLY AND PRACTICAL. OUMA IS A RARE ASSET ON CAMPUS, HELPING THE UNIVERSITY IN FULFULLING ITS GOAL TO PROVIDE A SUPERIOR LIBERAL ARTS EDUCATION. PART V, LINE 4: OGLETHORPE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROIMATELY 132 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. PART X, LINE 2: THE UNIVERSITY QUALIFIES AS A TAX-EXEMPT ORGANIZATION AS DESCRIBED IN INTERNAL REVENUE CODE SECTION 501(C)(3) AND HAS BEEN CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE UNIVERSITY. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE UNIVERSITY'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN THE OPINION OF MANAGEMENT, THE UNIVERSITY HAD NO SIGNIFICANT UNRELATED BUSINESS TAXABLE INCOME DURING 2022, 2021, 2020, AND 2019. ACCORDINGLY, NO PROVISION OR BENEFIT FOR FEDERAL AND STATE INCOME TAXES HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE UNIVERSITY BELIEVES THAT IS HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF STUDENT ASSISTANCE TO FUNCTIONAL EXPENSE 39,982,784. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF STUDENT ASSISTANCE TO FUNCTIONAL EXPENSE 39,982,784. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 ACADEMIC SCHOLARSHIPS 1438 39982784 PART I, LINE 2: SCHOLARSHIPS ARE A COMBINATION OF MERIT AND NEED-BASED AID. MERIT BASED SCHOLARSHIPS RECOGNIZE ACADEMIC ACHIEVEMENT AND THE POTENTIAL TO CONTRIBUTE TO CAMPUS LIFE. TYPICALLY OVER 80% OF UNIVERSITY APPLICANTS QUALIFY FOR SOME MERIT AWARD. ANNUALLY DETERMINED NEED-BASED AWARDS ARE AVAILABLE TO FULL-TIME STUDENTS WHO DEMONSTRATE NEED AS DETERMINED BY THE STUDENT AID APPLICATIONS AND EITHER THE FAFSA OR INTERNATIONAL STUDENT AID APPLICATION. THESE AWARDS ARE GRANTED IN CONJUNCTION WITH FEDERAL, STATE, PRIVATE OR INSTITUTIONAL ASSISTANCE AND CANNOT EXCEED STUDENT'S FINANCIAL NEED. X X 1 1 X X X 1 0 0 0 0 0 0 0 0 DR NICHOLAS LADANY EX-PRESIDENT/OFFICIO AS OF MAY 2023 345019 0 34000 0 18000 0 21350 0 8726 0 427095 0 0 0 PETER DAVID STOBIE VP FOR BUSINESS AND FINANCE & CFO 253304 0 0 0 0 0 18348 0 12564 0 284216 0 0 0 JUAN MCGRUDER FORMER VP FOR ADVANCEMENT 230879 0 0 0 0 0 13577 0 288 0 244744 0 0 0 KATHRYN MCCLYMOND PRESIDENT 215994 0 0 0 0 0 6558 0 288 0 222840 0 0 0 STEPHEN CRAFT DEAN OF HAMMACK BUSINESS SCHOOL 200388 0 0 0 0 0 7149 0 281 0 207818 0 0 0 REBECCA SANDIDGE VP OF ENROLLMENT MANAGMENT 155753 0 0 0 0 0 10327 0 8359 0 174439 0 0 0 REGINA MINCBERG BENNETT GENERAL COUNSEL & CHIEF OF STAFF 153953 0 0 0 0 0 0 0 6588 0 160541 0 0 0 MEREDITH LYNNE RAIMONDO VICE PRESIDENT OF STUDENT AFFAIRS 149565 0 0 0 0 0 2170 0 8661 0 160396 0 0 0 PART I, LINE 1A THE FORMER PRESIDENT HAD USE OF A UNIVERSITY OWNED RESIDENCE AS A CONDITION OF EMPLOYMENT TO PERFORM HIS DUTIES INTEGRALLY RELATED TO HIS RESPONSIBILITIES. THE CURRENT PERSIDENT WILL NOT USE THE UNIVERSITY OWNED RESIDENCE. X 1 1373125 FMV 0 1 1 PART I, LINE 32B: THE ORGANIZATION USES THIRD PARTIES TO SELL NON CASH CONTRIBUTIONS SUCH AS DONATIONS OF STOCK. FORM 990, PART VI, SECTION B, LINE 11B BEFORE FILING FORM 990, A PUBLIC INSPECTION VERSION IS MADE AVAILABLE TO ALL MEMBERS OF THE FISCAL AFFAIRS COMMITTEE TO REVIEW AND APPROVE. THE APPROVED PUBLIC INSPECTION VERSION IS THEN MADE AVAILABLE TO THE FULL BOARD OF TRUSTEES. IN THE FORM 990 PUBLIC INSPECTION VERSION, THE NAMES AND ADDRESSES OF CONTRIBUTORS ARE OMITTED FROM SCHEDULE B; OTHERWISE, IT IS IDENTICAL TO THE FILED VERSION OF FORM 990. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS ARE ASKED TO ANNUALLY SIGN A CONFLICT OF INTEREST AGREEMENT BOARD MEMBERS ARE ASKED TO DISCLOSE ANY CONFLICTS. CONFLICTS THAT DO ARISE ARE USUALLY RESOLVED BY ASKING A BOARD MEMBER TO RECUSE FROM VOTING OR SOME OTHER ARRANGEMENT DETERMINED BY THE BOARD CHAIR. FORM 990, PART VI, SECTION B, LINE 15 USING SALARIES FOR COMPARABLE POSITIONS AT SIMILAR INSTITUTIONS AND SUMMARY DATA FROM NACUBO, THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES EVALUATES AND APPROVES THE COMPENSATION FOR THE PRESIDENT (CEO OF THE ORGANIZATION). FORM 990, PART VI, SECTION C, LINE 19 OGLETHORPE UNIVERSITY DOES NOT MAKE ANY OF THESE DOCUMENTS PUBLIC. THE FINANCIAL INFORMATION CAN BE OBTAINED THROUGH THE FORM 990. THE FORM 990 IS AVAILABLE UPON REQUEST AT OGLETHORPE UNIVERSITY.