2025-05-15T08:24:34-05:00 2024-06-30 580692043 Mauldin & Jenkins LLC 200 Galleria Pkwy SE Ste 1700 Atlanta GA 303395946 990 2023-07-01 582328397 Avery Properties Inc AVER 4044716308 141 East College Avenue Decatur GA 30030 Nicole Long VP Finance & Administration 4044716308 2025-05-11 1 1 Mary Jo Alexander P00002534 7709558600 2025-03-24 2023 2025-03-06 01:10:19Z Nicole Long 141 East College Avenue Decatur GA 30030 1991833 0 X www.agnesscott.edu X 1997 GA Charitable organization to support the furtherance of Agnes Scott College's educational purposes. 5 4 3 4 0 0 0 0 0 0 870944 1991833 0 0 870944 1991833 7060000 6560312 0 0 0 0 0 0 0 164714 186255 7224714 6746567 -6353770 -4754734 22844993 18090659 1385 1785 22843608 18088874 Charitable organization to support the furtherance of Agnes Scott College's educational purposes. 0 0 6704411 6560312 To provide affordable housing for the students and to support the operations of Agnes Scott College. 6704411 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 X 0 0 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 GA X Lai Chan Controller 4044716308 141 East College Avenue Decatur GA 30030 Leocadia I Zak President of Agnes Scott College 0.40 40.00 X X 0 325937 70688 Lea Ann Hudson Secretary/Associate VP 0.40 40.00 X 0 121639 27518 Nicole Long VP Finance & Administration 0.20 40.00 X 0 136358 24513 E Ann Glendinning President 0.20 0.20 X X 0 0 0 David D Weitnauer Secretary/Treasurer 0.20 0.20 X X 0 0 0 Elizabeth H Noe Chair 0.40 2.00 X 0 0 0 J Walter Drake Trustee 0.20 0.20 X 0 0 0 0 583934 122719 0 0 1 0 0 689871 689871 1301962 0 1301962 1301962 1301962 1991833 0 0 1991833 6560312 6560312 42156 42156 119596 119596 24503 24503 6746567 6704411 42156 0 1168072 1024731 21676921 17065928 22844993 18090659 1385 1785 1385 1785 X 22843608 18088874 22843608 18088874 22844993 18090659 -4754734 0 X 0 1 X 0 0 X X X 1 Agnes Scott College 580566116 2 1 6560312 0 1 6560312 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Section C Line 1 Control and management of the supporting organization is vested in several mutual trustees and executive management of the supported entity. Agnes Scott College President, Vice President of Finance and Administration, and Secretary are all officers of the supporting entity. In this way the supported entity controls the supporting entity. The control of the supporting organization is vested in its Board of Trustees. Two of the five voting members of the Board of Trustees are either voting members or members of the executive management of the supporting organization. 0 1 X 0 X Part IV, Line 2b: Avery Properties reports the security deposits held for Avery Glen Apartments leased by current tenants as an escrow account liability on the balance sheet. Part X, Line 2: The College is recognized by the Internal Revenue Service as an organization exempt from federal income tax under Section 501(a) of the Internal Revenue Code as an organization described in Section 501(c)(3), except for taxes on income from activities unrelated to its exempt purpose. The College evaluates its uncertain tax positions using the provisions of Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 740 Income Taxes. The College follows the criterion that an individual tax position has to meet the relevant technical requirements for the position to be recognized in the College's consolidated financial statements. The College determined that the relevant tax authority would more likely than not sustain the tax position following an audit. The College has applied this criterion to all tax positions for which the statute of limitations remains open. The College has a policy to record interest and penalties (if any) related to income tax matters in income tax expense. The College has determined that its tax positions satisfy the more likely than not criterion and that no provision for income taxes is required at June 30, 2024 and 2023. For the years ended June 30, 2024 and 2023, no interest and penalties were recorded. 0 Agnes Scott College 141 East College Avenue Decatur GA 30030 580566116 501(c)(3) 6560312 0 Operational Support 1 0 0 0 0 0 0 0 0 0 0 Leocadia I Zak President of Agnes Scott College 0 325937 0 0 0 0 0 17875 0 52813 0 396625 0 0 Nicole Long VP Finance & Administration 0 136358 0 0 0 0 0 0 0 24513 0 160871 0 0 Part I, Line 1A Agnes Scott College, a related organization, provides a residence for personal and professional use to the President. This housing is excluded from taxable income under IRS code section 119 and included in column D in Schedule J, Part II. Form 990 Part I Line 5 & Part V Line 2a Avery Properties, Inc. does not maintain a payroll. The organization's 3 employees are on the payroll of Agnes Scott College, a related organization. Form 990, Part VI, Section B, line 11b The Vice President of Finance & Administration of Agnes Scott College performs a detailed review of Avery properties' form 990 before filing the return. The board of trustees for Avery properties receive a copy of the return for review before filing. Form 990, Part VI, Section B, line 12c Annually, each member of the board of trustees is required to sign the conflict of interest policy and disclose whether they have any conflicts. The secretary of the board of trustees oversees the receipt of these policies and reports to the chairman of the board of trustees if any conflict is noted. Form 990, Part VI, Section C, line 19 Avery Properties, Inc.'s operations are a part of the audited financial statements of its supported organization, Agnes Scott College. The college's financial statements are available to the public upon request and approval of an officer of the college. Avery Properties, Inc.'s governing documents are not available for public inspection. Agnes Scott College 141 East College Avenue Decatur GA 30030 580566116 College GA 501(c)(3) Line 2 N/A 0 Ballykeel Inc 141 East College Avenue Decatur GA 30030 582338224 Holding Corp GA 501(c)(3) Line 11 Agnes Scott College 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0