2025-05-15T08:16:33+00:00 2024-06-30 135565207 KPMG LLP 303 Peachtree St NE Suite 2000 Atlanta GA 30308 990 2023-07-01 580566167 THE CORPORATION OF MERCER UNIVERSITY CORP 4783012710 1501 MERCER UNIVERSITY DRIVE MACON GA 31207 JAMES NETHERTON EXEC VP-ADMIN & FIN 2025-05-15 true true Whitney B Hebron P01226647 4042223000 2025-05-15 2023 2025-03-06 01:10:19Z WILLIAM D UNDERWOOD 1501 MERCER UNIVERSITY DRIVE MACON GA 31207 491223298 false X WWW.MERCER.EDU X 1833 GA MERCER UNIVERSITY'S MISSION IS TO TEACH, TO LEARN, TO CREATE, TO DISCOVER, TO INSPIRE, TO EMPOWER, AND TO SERVE. 50 49 4506 530 442826 57295 62393992 61644050 356344652 369688495 12258136 43445695 3664171 2434904 434660951 477213144 97527781 105223802 0 187232894 196945877 0 3449037 130223074 141649356 414983749 443819035 19677202 33394109 1048317053 1038550349 386390908 320513679 661926145 718036670 X MERCER UNIVERSITY'S MISSION IS TO TEACH, TO LEARN, TO CREATE, TO DISCOVER, TO INSPIRE, TO EMPOWER, AND TO SERVE false false 127187476 274704983 INSTRUCTION: THE UNIVERSITY HAS 12 COLLEGES AND SCHOOLS. THE UNIVERSITY'S PROGRAMS INCLUDE LIBERAL ARTS, BUSINESS, ENGINEERING, EDUCATION, MEDICINE, NURSING, PHARMACY, LAW, THEOLOGY, MUSIC AND HEALTH PROFESSIONS. THESE EXPENSES ARE RELATED TO THE DIRECT INSTRUCTION OF HIGHER EDUCATION. THE UNIVERSITY SERVES OF 9,000 DEGREE SEEKING STUDENTS IN THE 12 COLLEGES AND SCHOOLS. THE UNIVERSITY BESTOWED OVER 2,600 DEGREES FOR THE 2023-2024 SCHOOL YEAR. THE PEACE CORPS IS ONE OF MANY INSTRUCTIONAL PROGRAMS PROVIDED AT MERCER. MERCER CURRENTLY RANKS 4TH NATIONALLY AMONG PEACE CORPS PREP CERTIFICATE ISSUING INSTITUTIONS. THE UNIVERSITY'S INSTRUCTION ALSO PROVIDES A FOCUS ON UNDERGRADUATE RESEARCH BY PROVIDING STUDENTS WITH HANDS-ON EXPERIENCE THAT COMPLEMENTS THEIR EDUCATION. THE RESEARCH CAN BE INCLUDED IN THEIR COURSE BASED IN LAB WORK OR FACULTY LED RESEARCH. OVER 26 STUDENTS MADE RESEARCH PRESENTATIONS AT THE GEORGIA UNDERGRADUATE RESEARCH CONFERENCE. ANOTHER PROGRAM THAT ALLOWS STUDENTS WITH HANDS-ON EXPERIENCE THAT COMPLEMENTS THEIR EDUCATION IS MERCER'S GO BABY GO PROGRAM. SINCE 2016 THE PROGRAM HAS PROVIDED KIDS WITH LIMITED MOBILITY BY HELPING THEM GAIN MORE INDEPENDENCE THROUGH THE USE OF BATTERY POWERED TOY CARS. MERCER ENGINEERING HONOR STUDENTS MODIFY THE CARS TO MEET EACH CHILD'S SPECIFIC NEEDS. AS THE CARS ARE BEING MODIFIED, ABOUT 40 STUDENTS FROM THE EDUCATION DEPARTMENT INTERACT WITH THE FAMILIES. THE GO BABY GO PROGRAM HAS MODIFIED OVER 150 CARS SINCE THE PROGRAM'S INCEPTION. 104537367 104537367 SCHOLARSHIPS: THESE EXPENSES ARE RELATED TO THE SUPPORT PROVIDED TO THE UNIVERSITY'S STUDENTS BASED ON DONOR STIPULATION, NEED, AND MERIT. THE UNIVERSITY PROVIDES SCHOLARSHIP AID WITHIN 4 CATEGORIES. MERCER BASED AID SCHOLARSHIPS ARE BASED ON ACADEMIC CREDENTIALS AND THE SCHOLARSHIPS ARE RENEWABLE UP TO 4 YEARS. TALENT BASED AID SCHOLARSHIPS ARE EITHER ATHLETIC SCHOLARSHIPS OR MUSIC SCHOLARSHIPS. NEED BASED AID SCHOLARSHIPS ARE BASED ON ECONOMIC NEED. COMPETITIVE AID SCHOLARSHIPS ARE BASED ON MERIT. OVER 90% OF THE UNIVERSITY'S STUDENTS RECEIVED SCHOLARSHIPS AND DISCOUNTS. 80077989 53566027 AUXILIARY SERVICES: THE UNIVERSITY'S AUXILIARY SERVICES FACILITATES THE CREATION OF COMMUNITY, EXTENDS THE LEARNING ENVIRONMENT BEYOND THE CLASSROOM, AND ENHANCES THE QUALITY OF CAMPUS LIFE THROUGH THE DELIVERY OF QUALITY GOODS AND SERVICES INCLUDING RESIDENCE, DINING SERVICES, CLINIC OPERATIONS, AS WELL AS ATHLETIC AND RETAIL OPERATIONS FOR OVER 9,000 STUDENTS. AUXILIARY SERVICES MAINTAIN THE BEAR CARD SYSTEM WHICH PROVIDES FOR A VARIETY OF DIFFERENT DINING OPTIONS AND EASIER ACCESS FOR STUDENTS TO PAY FOR THOSE OPTIONS. AUXILIARY SERVICES ALSO PROVIDES MAIL AND DOCUMENT SERVICES AS WELL AS CABLE ACCESS FOR THE UNIVERSITY'S STUDENT RESIDENCES. 44331263 686435 41417485 RESEARCH 34848107 2312264 ACADEMIC SUPPORT 31825212 STUDENT SERVICES 4573637 PUBLIC SERVICES -4250882 INSTITUTIONAL SUPPORT 111327337 686435 43729749 423130169 true true false true false true false false true true true false false true true false true true false true false false false true true false true true true true false false false false false false false false false false true true false false true true false false false true 1090 2 true 4506 true true true false false false false true true false false false false false false X 50 49 true false true false false false false true true false false true true true true true true true true false GA X MATTHEW R HALL 4783012771 1501 MERCER UNIVERSITY DRIVE MACON GA 31207 WILLIAM UNDERWOOD PRESIDENT/PROFESSOR 40.0 0.0 X X 672316 0 53743 AMY MILLER WALL TRUSTEE 1.0 0.0 X 0 0 0 ASHLEY AMOS COPELAN TRUSTEE 1.0 0.0 X 0 0 0 BENJAMIN W GRIFFITH TRUSTEE 1.0 0.0 X 0 0 0 CAROYN TOWNSEND MCAFEE BRUNER TRUSTEE 1.0 0.0 X 0 0 0 CATHY CALLAWY ADAMS TRUSTEE 1.0 0.0 X 0 0 0 CHARLES WATSON JR TRUSTEE 1.0 0.0 X 0 0 0 DAVID E HUDSON TRUSTEE 1.0 0.0 X 0 0 0 DR BARBARA BROWN TAYLOR TRUSTEE 1.0 0.0 X 0 0 0 DR JAMES C ELDER JR TRUSTEE 1.0 0.0 X 0 0 0 DR SPENCER B KING TRUSTEE 1.0 0.0 X 0 0 0 DR STANLEY DEMETRIUS JONES TRUSTEE 1.0 0.0 X 0 0 0 DWIGHT J DAVIS TRUSTEE 1.0 0.0 X 0 0 0 EDWARD SCHUTTER JR TRUSTEE 1.0 0.0 X 0 0 0 ELI MORGAN TRUSTEE 1.0 0.0 X 0 0 0 ERIN KELLER TRUSTEE 1.0 0.0 X 0 0 0 GENE GABBARD TRUSTEE 1.0 0.0 X 0 0 0 GENELLE JENNINGS TRUSTEE 1.0 0.0 X 0 0 0 HEATHER DARDEN TRUSTEE 1.0 0.0 X 0 0 0 J HENRY WALKER TRUSTEE 1.0 0.0 X 0 0 0 J THOMAS MCAFEE TRUSTEE 1.0 0.0 X 0 0 0 JAMES WILLIAM THOMAS JR TRUSTEE 1.0 0.0 X 0 0 0 JENNIFER NUNN TARBUTTON TRUSTEE 1.0 0.0 X 0 0 0 JIMMY CARTER TRUSTEE 1.0 0.0 X 0 0 0 JOE SAM ROBINSON JR TRUSTEE 1.0 0.0 X 0 0 0 JULIE LONG TRUSTEE 1.0 0.0 X 0 0 0 KEVIN HEAD TRUSTEE 1.0 0.0 X 0 0 0 LARRY BRADEN TRUSTEE 1.0 0.0 X 0 0 0 LIZA CHAPMAN TRUSTEE 1.0 0.0 X 0 0 0 M TROY WOODS TRUSTEE 1.0 0.0 X 0 0 0 M YVETTE MILLER TRUSTEE 1.0 0.0 X 0 0 0 MALCOM S BURGESS TRUSTEE 1.0 0.0 X 0 0 0 MARC TREADWELL TRUSTEE 1.0 0.0 X 0 0 0 MAXINE C MORRIS TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL BOGGS TRUSTEE 1.0 0.0 X 0 0 0 MILTON L CRUZ TRUSTEE 1.0 0.0 X 0 0 0 NANCY GRACE TRUSTEE 1.0 0.0 X 0 0 0 NATHAN DEAL TRUSTEE 1.0 0.0 X 0 0 0 RABUN MATTHEWS III TRUSTEE 1.0 0.0 X 0 0 0 RICHARD SCHNEIDER TRUSTEE 1.0 0.0 X 0 0 0 ROBERT F HATCHER TRUSTEE 1.0 0.0 X 0 0 0 ROBERT G GODDARD TRUSTEE 1.0 0.0 X 0 0 0 TERRY ENGLAND TRUSTEE 1.0 0.0 X 0 0 0 THOMAS P BISHOP TRUSTEE 1.0 0.0 X 0 0 0 TONY MOYE TRUSTEE 1.0 0.0 X 0 0 0 VIRGIL L ADAMS TRUSTEE 1.0 0.0 X 0 0 0 W LOUIS SANDS TRUSTEE 1.0 0.0 X 0 0 0 WILLIAM A MOYE TRUSTEE 1.0 0.0 X 0 0 0 WILLIAM BRADLEY TURNER JR TRUSTEE 1.0 0.0 X 0 0 0 WILLIAM H ANDERSON TRUSTEE 1.0 0.0 X 0 0 0 WILLIAM KNOX POU TRUSTEE 1.0 0.0 X 0 0 0 DAVID DAVIS PROVOST 40.0 0.0 X 341763 0 51399 JAMES NETHERTON EXEC VP-ADMIN & FINANCE 40.0 0.0 X 353994 0 51407 JOHN PATTERSON SENIOR VP FOR ADVANCEMENT 40.0 0.0 X 282568 0 47405 JULIA DAVIS AVP FINANCE & TREASURER 40.0 0.0 X 182200 0 20725 KELLIE APPEL SENIOR VP FOR STRATEGIC INITIATIVES 40.0 0.0 X 245040 0 43412 LARRY BRUMMLEY SENIOR VP FOR MARKETING COMMUNICATIONS AND CHIEF OF STAFF 40.0 0.0 X 260582 0 29171 MATTHEW HALL GENERAL COUNSEL 40.0 0.0 X 197168 0 31210 PENNY ELKINS SENIOR VP FOR ENTROLLMENT MANAGEMENT 40.0 0.0 X 306718 0 49339 ANDREA MITCHELL EXECUTIVE DIRECTOR 40.0 0.0 X 260359 0 42798 ANITA GUSTAFSON DEAN/PROFESSOR 40.0 0.0 X 99982 0 20205 JEAN SUMNER DEAN/PROFESSOR 40.0 0.0 X 453444 0 52261 ANDREW CRONIC HEAD FOOTBALL COACH 40.0 0.0 X 304490 0 49463 DON NAKAYAMA SENIOR ASSOCIATE DEAN/SCHOOL OF MEDICINE 40.0 0.0 X 951444 0 22005 EDWIN GRIMSLEY SENIOR ASSOCIATE DEAN/SCHOOL OF MEDICINE 40.0 0.0 X 302691 0 49321 GREGORY GARY HEAD MEN'S BASKETBALL COACH 40.0 0.0 X 315500 0 22425 JOHN HAWKINS ASSOCIATE PROFESSOR 40.0 0.0 X 491494 0 52566 6021753 0 688855 428 false true false Chris R Sheridan & Co PO X 441 MACON GA 31208 CONSTRUCTION 15980585 ARAMARK SERVICES INC CONNELL STUDENT CENTER MACON GA 312070001 FOOD SERVICE 11585966 CHOATE CONSTRUCTION COMPANY 8200 ROBERTS DRIVE SUITE 600 ATLANTA GA 30350 CONSTRUCTION 6116670 NATIONAL MANAGEMENT RESOURCES CORPORATION PO BOX 1224 LAGRANGE GA 30241 FACILITIES MANGAGEMT 4371251 Orbis Education Services LLC 301 Pennsylvania Parkway Suite 400 Indianapolis IN 46280 Education Management 3722330 167 83718 39676292 21884040 1262869 61644050 TUITION AND FEES 900099 274704983 274704983 AUXILIARY SERVICES 900099 53566027 53566027 GOVERNMENT CONTRACTS 541700 41417485 41417485 0 0 0 0 369688495 10305716 249970 10055746 427823 427823 6143448 5586085 557363 0 557363 557363 40061011 83356 7333953 98258 32727058 -14902 32712156 32712156 22726 83718 94166 -71440 -71440 83210 40999 42211 42211 451198 856693 -405494 -405494 MEDICAL SCHOOL HOSPITA 900099 1212376 1212376 MISCELLANEOUS 900099 712307 519451 192856 NCAA Enhancement Funds 900099 141585 141585 245996 245996 0 0 2312264 477213144 371807903 442826 43318365 686435 686435 104537367 104537367 0 0 0 0 4149009 2581617 1237419 329973 148855423 135876817 11506446 1472160 8893829 8884303 -117279 126805 25995707 25844028 -218958 370637 9051909 9042214 -119364 129059 635468 51693 583775 474300 474300 57752 57752 27602771 26236048 1184886 181837 1599269 1412402 186815 52 11031151 8665228 2119623 246300 6395807 3983289 2394065 18453 23211 23211 227936 173819 54117 7688114 7319124 287682 81308 13752279 11341745 2410534 22887516 21050011 1837505 5945898 4549713 1396185 OPERATIONS & MAINTENANC 25369604 22199209 3162464 7931 ADMINISTRATIVE EXPENSES 6267623 18146206 -11941806 63223 PROGRAM & EVENTS 5564076 4591113 561454 411509 INSTRUCTIONAL SUPPLIES 3770018 3744608 25410 2356563 2132217 214556 9790 443819035 423130169 17239829 3449037 68245364 49523221 1856753 1291742 15850417 21036463 0 0 0 0 16042239 16028506 777068 776884 828035389 391431009 426607170 436604380 252858541 243392853 234716039 247609729 8196220 8251484 23167242 14035087 1048317053 1038550349 23498699 21075106 11481748 11510665 266244944 203351983 0 0 60472601 57578482 24692916 26997443 386390908 320513679 297585017 308474668 364341128 409562002 661926145 718036670 1048317053 1038550349 X 33394109 16977249 5739167 X false true X true true true X 105236428 83188166 74299163 62393992 61644050 386761799 0 0 105236428 83188166 74299163 62393992 61644050 386761799 844465 385917334 14137402 13602291 16480368 16159997 16876987 77257045 16950 16950 931747 846882 891954 513237 557134 3740954 467776748 1707673430 0.8250 0.8389 X Schedule A, Part II, Line 10 Other Income AMOUNTS REPORTED AS OTHER INCOME ON LINE 10 INCLUDE GROSS INCOME FROM FUNDRAISING EVENTS AND GROSS SALES OF INVENTORY. IT WILL ALSO INCLUDE LOAN FUND FEES CHARGED SUCH AS LATE FEES, MERCER POLICE TICKET FEES IF MISSING A PERMIT, LIBRARY FINES, RESIDENCY FEES, EXCHANGE PROGRAM WITH HOSPITALS, AND ETC. Schedule A, Part II, Line 10 Other Income DESCRIPTION - , COLUMN A - 931747.0, COLUMN B - 846882.0, COLUMN C - 891954.0, COLUMN D - 513237.0, COLUMN E - 557134.0, COLUMN F - 3740954.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 269267 false true 57752 327019 false LOBBYING EXPENSES MERCER UNIVERSITY RETAINS ONE CONSULTANT, RM2 CONSULTANTS, TO PROMOTE LEGISLATION WHICH WOULD PROVIDE MERCER UNIVERSITY WITH FEDERAL FUNDS FOR USE OF VARIOUS UNIVERSITY PROJECTS AND PROGRAMS. ADDITIONALLY, A UNIVERSITY STAFF PERSON WORKED TO SECURE STATE APPROPRIATIONS. X 2 2 1 1 false 24.0 500 true 479944937 4169492 58104553 60313006 481905976 452556294 4475034 38242969 15329360 479944937 475458642 7415063 -32739267 -2421856 452556294 361437355 12972412 107212953 6164078 475458642 376609510 4582017 -2374397 17379775 361437355 0.232 0.768 0.0 false false 620493697 254844697 365649000 144518260 111496073 33022187 63023432 25090239 37933193 436604380 CASH & CASH EQUIVALENTS 10788543 F HEDGED EQUITY FUNDS OF FUNDS 36337022 F PRIVATE EQUITY & VENTURE CAPITAL FUNDS 51258552 F REAL ASSETS 60277423 F MISCELLANEOUS INVETMENTS 2018853 F REMAINDER INTEREST TRUSTS 6213347 F BENEFICIAL INTERESTS IN PERPETUAL TRUSTS 80715989 F 247609729 ACCRUED POSTRETIREMENT BENEFITS 737463 LEASE OBLIGATIONS 2912787 ANNUITY OBLIGATIONS 2754618 ASSET RETIREMENT OBLIGATIONS 3999403 INTEREST RATE SWAPS 317000 ADVANCES FROM FEDERAL GOVERMENT AND OTHERS 16276172 26997443 X Schedule D, Part II, Line 5 CONSERVATION EASEMENT POLICY THE UNIVERSITY DOES NOT HAVE A FORMAL POLICY BUT THERE IS AN ESTABLISHED PROCEDURE. IT HAS BEEN OUR CONSISTENT PRACTICE TO COMPLY WITH ALL OF THE REQUIREMENTS SET FORTH BY THE GEORGIA STATE HISTORICAL PRESERVATION DIVISION AND ALL OTHER RULES AND GUIDELINES IN EFFECT FOR HISTORICAL PROPERTIES OWNED OR LEASED BY THE UNIVERSITY THAT ARE SUBJECT TO CONSERVATION EASEMENTS OR PRESERVATION COVENANTS. THE CONSERVATION PART II, LINE 5: THE CORPORATION OF MERCER UNIVERSITY 58-0566167 EASEMENTS AND PRESERVATION COVENANTS HELD BY THE UNIVERSITY EXPRESSLY REQUIRE THAT THE SUBJECT PROPERTIES MUST BE PRESERVED IN ACCORDANCE WITH ALL APPLICABLE RULES AND GUIDELINES IN EFFECT FOR SUCH PROPERTIES. SPECIFICALLY, THE COVENANTS REQUIRE: (1) THAT THE UNIVERSITY ENSURE THE CONTINUED MAINTENANCE, REPAIR, AND ADMINISTRATION OF THE PROPERTY SO AS TO PRESERVE THE ARCHITECTURAL, HISTORICAL, OR ARCHAEOLOGICAL INTEGRITY OF THE SAME IN ORDER TO PROTECT AND ENHANCE THOSE QUALITIES THAT MADE THE SITE ELIGIBLE FOR LISTING IN THE NATIONAL REGISTER OF HISTORIC PLACES; (2) THAT NO VISUAL OR STRUCTURAL ALTERATIONS WILL BE MADE TO THE PROPERTY WITHOUT PRIOR WRITTEN PERMISSION OF THE STATE HISTORICAL PRESERVATION DIVISION; AND (3) THAT THE STATE HISTORICAL PRESERVATION DIVISION, ITS AGENTS, AND DESIGNEES SHALL HAVE THE RIGHT TO INSPECT THE PROPERTY AT ALL REASONABLE TIMES IN ORDER TO ASCERTAIN WHETHER OR NOT THE CONDITIONS OF THE COVENANT ARE BEING OBSERVED. THUS, IN PRACTICE, THE UNIVERSITY IS COMPLYING WITH ALL LEGAL REQUIREMENTS REGARDING THE MONITORING, INSPECTION, HANDLING OF VIOLATIONS, AND ENFORCEMENT OF THE CONSERVATION EASEMENTS AND PRESERVATION COVENANTS IT HOLDS, AND THE WRITTEN DOCUMENTS MEMORIALIZING THE UNIVERSITY'S PRESERVATION COVENANTS EXPRESSLY REQUIRE COMPLIANCE WITH THESE LEGAL REQUIREMENTS, AS WELL. Schedule D, Part II, Line 9 Conservation easements financial reporting CONSERVATION EASEMENT POLICY WHEN MERCER UNIVERSITY RECEIVED THE FUND FOR THE GRAND OPERA HOUSE, THE FUNDS WERE REPORTED AS AUCILIARY REVENUE AND AUXILIARY EXPENSES. FUNDS SPEN ON CAPITAL ITEMS WERE REPORTED ON THE BALANCE SHEET AS A BUILDING RENOVATION. FUNDS RECEIVED FOR THE HARDEMAN BUILDING WERE RECORDED AS PRIVATE GIFTS/GRANTS AND OPERATION EXPENSES. FUNDS SPENT ON CPAITAL ITEMS WERE REORTED ON THE BALANCE SHEET AS A BUILDING RENOVATION. THERE IS NO FOOTNOTE DESCRIBING MERCER UNIVERSITY'S ACCOUNTING FOR CONSERVATION EASEMENTS IN THE AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2024 Schedule D, Part V, Line 4 Intended uses of endowment funds ENDOWMENT FUND THE CORPUS IS HELD IN PERPETUITY. THE EARNINGS (UNREALIZED, REALIZED, AND EARNINGS) ARE USED TO PAY INVESTMENT FEES FOR THE INDIVIDUAL FUNDS, PAY THE INVESTMENT ADVISOR, AND FUND THE ANNUAL APPROVED SPENDING ALLOCATION. THE SPENDING ALLOCATION FUNDS THE SPECIFIC EXPENSE FOR WHICH THE DONOR PROVIDED THE ENDOWMENT FUND. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote FIN 48 (ASC 740) FOOTNOTE THE UNIVERSITY IS RECOGNIZED AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE (THE CODE) AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) WHEREBY ONLY UNRELATED BUSINESS INCOME, AS DEFINED BY SECTION 512(A)(1) OF THE CODE, IS SUBJECT TO FEDERAL INCOME TAX. THE UNIVERSITY'S MANAGEMENT HAS REVIEWED ITS TAX POSITIONS AND DETERMINED THAT IT DOES NOT HAVE MATERIAL UNRECOGNIZED TAX POSITIONS THAT SHOULD BE REFLECTED IN THE CONSOLIDATED FINANCIAL STATEMENTS FOR FISCAL YEAR 2024 OR 2023. true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY MERCER'S RACIALLY NONDISCRIMINATORY POLICY TOWARD STUDENTS IS PUBLICLY AVAILABLE ON MERCER'S WEBSITE Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT GOVERNMENT FINANCIAL AID & ASSISTANCE THE UNIVERSITY PARTICIPATES IN THE FOLLOWING PROGRAMS: FEDERAL PELL GRANTS, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS (FSEOG), FEDERAL DIRECT SUBSIDIZED AND UNSUBSIDIZED STAFFORD LOANS, FEDERAL PERKINS LOANS, HEALTH PROFESSIONS STUDENT LOANS, FEDERAL PARENT AND GRAD (PLUS) LOANS, OTHER VARIOUS FEDERAL LOAN PROGRAMS, FEDERAL TEACH GRANT, FEDERAL WORK STUDY PROGRAM, AND VETERANS EDUCATION PROGRAMS. THE UNIVERSITY ALSO RECEIVES VARIOUS FEDERAL GRANTS AND CONTRACTS FOR ACADEMIC AND SCIENTIFIC RESEARCH. false Central America and the Caribbean 0 0 Program Services MERCER ON MISSION 119769 Europe (Including Iceland and Greenland) 0 0 Program Services MERCER ON MISSION 125632 Russia and Neighboring States 0 0 Program Services MERCER ON MISSION 95342 South Asia 0 0 Program Services MERCER ON MISSION 112877 North America (Canada & Mexico only) 0 0 Program Services MERCER ON MISSION 46554 Middle East and North Africa 0 0 Program Services MERCER ON MISSION 43362 Sub-Saharan Africa 0 0 Program Services MERCER ON MISSION 302769 East Asia and the Pacific 0 0 Program Services MERCER ON MISSION 330844 East Asia and the Pacific 0 0 Program Services RECRUITMENT 7913 Europe (Including Iceland and Greenland) 0 0 Program Services RECRUITMENT 2858 South Asia 0 0 Program Services RECRUITMENT 10883 0 0 0 0 0 0 1198803 0 1198803 true false true true true false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual; EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; MIDDLE EAST AND NORTH AFRICA-Accrual; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual; RUSSIA AND NEIGHBORING STATES-Accrual; SOUTH ASIA-Accrual; SUB-SAHARAN AFRICA-Accrual AUTHOR'S LUNCHEOUN 58414 43508 14906 58038 EXECUTIVE FORUM 40210 40210 0 36048 1 7820 0 7820 80 106444 83718 22726 94166 94166 -71440 83210 15000 25999 false 83210 15000 25999 true false false false 1.0 MATTHEW WILLIAMS 1501 Mercer University Dr MACON GA 31207 false MATTHEW WILLIAMS 0 MANAGED RAFFLE, MANAGED BOOKS, PROVIDED REPORTS ON RAFFLE X false 0 true East Georgia Healthcare Center Inc 215 N Coleman Street Swainsboro GA 30401 582001607 501(c)(3) 129180 Research Dalton State College 650 College Drive Dalton GA 30720 580975068 501(c)(3) 330924 Instruction Fordham University 441 E Fordhame Rd FMH 519 Bronx NY 104585149 131740451 501(c)(3) 17129 Research Georgia Council for Recovery Inc 2310 Park Lake Drive Suite 540 Atlanta GA 303452904 582045112 501(c)(3) 209203 Research 4 0 STUDENT FINANCIAL AID ASSISTANCE 6252 104537367 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. MERCER UNIVERSITY REQUIRES SUBRECIPIENTS TO SUBMIT PERFORMANCE AND FINANCIAL STATUS REPORTS UPON REQUEST. THE UNIVERSITY OBTAINS AND REVIEWS THE SINGLE AUDIT REPORT FROM SUBRECIPIENTS WHO RECEIVE IN EXCESS OF $750,000 OF FEDERAL FUNDS DURING THE FISCAL YEAR. IF THE PROSPECTIVE SUBRECIPIENT DOES NOT HAVE A SINGLE AUDIT, THE UNIVERSITY MAY PERFORM SITE VISITS. ASSISTANCE TO MERCER UNIVERSITY STUDENTS IN THE FORM OF SCHOLARSHIPS ARE AWARDED FOR THE PURPOSE OF AIDING WITH THE COST OF ATTENDING THE UNIVERSITY, I.E. FOR TUITION, HOUSING, AND MEALS. SCHOLARSHIPS ARE BASED ON ACADEMIC ACHIEVEMENT, NEED, AND OTHER DONOR REQUIREMENTS SUCH AS LOCATION OF RESIDENCE. MERCER UNIVERSITY HAS CRITERIA FOR THE ELIGIBILITY REQUIREMENTS NEEDED TO AWARD A SCHOLARSHIP. ACADEMIC SCHOLARSHIPS ARE BASED ON SAT OR ACT SCORES AND GRADE POINT AVERAGES AND ARE AWARDED BY THE OFFICE OF ADMISSIONS IN THE INITIAL YEAR. ONCE THE STUDENT PROCEEDS TO SECOND YEAR, THE ACADEMIC SCHOLARSHIPS ARE AWARDED BY FINANCIAL PLANNING. NEED BASED GRANTS ARE MADE BY THE OFFICE OF FINANCIAL PLANNING AND ARE MADE UTILIZING THE FEDERAL NEED FORMULA (FAFSA APPLICATION). STUDENTS MUST BE ENROLLED FULL-TIME TO RECEIVE UNIVERSITY SCHOLARSHIPS/GRANTS. GENERALLY SPEAKING, FAFSA DATA IS VERIFIED FOR STUDENTS WHO ARE SELECTED FOR VERIFICATION BY THE FEDERAL STUDENT AID PROGRAM. X X X true true X X false false false false false false false false false WILLIAM UNDERWOOD PRESIDENT/PROFESSOR 672316 0 0 0 0 0 33000 0 20743 0 726059 0 0 0 JAMES NETHERTON EXEC VP-ADMIN & FINANCE 353994 0 0 0 0 0 33000 0 18407 0 405401 0 0 0 DAVID DAVIS PROVOST 341763 0 0 0 0 0 33000 0 18399 0 393162 0 0 0 PENNY ELKINS SENIOR VP FOR ENTROLLMENT MANAGEMENT 306718 0 0 0 0 0 31200 0 18139 0 356057 0 0 0 JOHN PATTERSON SENIOR VP FOR ADVANCEMENT 282568 0 0 0 0 0 29400 0 18005 0 329973 0 0 0 LARRY BRUMMLEY SENIOR VP FOR MARKETING COMMUNICATIONS AND CHIEF OF STAFF 260582 0 0 0 0 0 26155 0 3016 0 289753 0 0 0 KELLIE APPEL SENIOR VP FOR STRATEGIC INITIATIVES 245040 0 0 0 0 0 25600 0 17812 0 288452 0 0 0 MATTHEW HALL GENERAL COUNSEL 197168 0 0 0 0 0 13777 0 17433 0 228378 0 0 0 JULIA DAVIS AVP FINANCE & TREASURER 182200 0 0 0 0 0 18200 0 2525 0 202925 0 0 0 JEAN SUMNER DEAN/PROFESSOR 453444 0 0 0 0 0 33000 0 19261 0 505705 0 0 0 ANDREA MITCHELL EXECUTIVE DIRECTOR 260359 0 0 0 0 0 26908 0 15890 0 303157 0 0 0 DON NAKAYAMA SENIOR ASSOCIATE DEAN/SCHOOL OF MEDICINE 951444 0 0 0 0 0 14736 0 7269 0 973449 0 0 0 JOHN HAWKINS ASSOCIATE PROFESSOR 491494 0 0 0 0 0 33000 0 19566 0 544060 0 0 0 GREGORY GARY HEAD MEN'S BASKETBALL COACH 315500 0 0 0 0 0 18930 0 3495 0 337925 0 0 0 ANDREW CRONIC HEAD FOOTBALL COACH 304490 0 0 0 0 0 31250 0 18213 0 353953 0 0 0 EDWIN GRIMSLEY SENIOR ASSOCIATE DEAN/SCHOOL OF MEDICINE 302691 0 0 0 0 0 31100 0 18221 0 352012 0 0 0 Schedule J, Part I, Line 1a HOUSING ALLOWANCE, PERSONAL SERVICES AND CLUB DUES WILLIAM UNDERWOOD, MERCER UNIVERSITY PRESIDENT, RECEIVED A PROVISION OF HOUSING, INCLUDING CUSTODIAL SERVICES, FOR BUSINESS USE. THIS WAS NOT TREATED AS TAXABLE COMPENSATION. JAMES NETHERTON, EXECUTIVE VICE PRESIDENT OF ADMINISTRATION AND FINANCE, RECEIVED A CORPORATE MEMBERSHIP TO A SOCIAL CLUB. THIS WAS NOT TREATED AS TAXABLE INCOME THERE ARE SOME ATHETIC COACHES THAT RECEIVE A MEMBERSHIP TO A SOCIAL CLUB. THE MEMBERSHIPS ARE USED FOR THE SPORT (I.E. GOLF) AND FOR RECRUITING. THE ALTHETIC COACHES ARE REQUIRED TO TRACK THEIR TIME AND CERTIFY THE USE. THIS IS NOT TREATED AS TAXABLE INCOME. A PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY (SERIES 2015) 581407780 74265LG93 2015-07-17 79547573 SEE PART VI false false false B PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY (SERIES 2012B) 581407780 74265LJ90 2012-02-16 8727829 SEE PART VI false false false C PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY (SERIES 2021) 581407780 74265LX37 2021-07-06 84892839 SEE PART VI false false false D PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY (SERIES 2022) 581407780 74265LZ92 2022-07-06 50266765 SEE PART VI false false false A 2062573 79547573 939287 78608285 2018 false false true true B 4042829 8727829 133327 8594502 2012 true false true true C 17467839 84964714 909942 37897888 46156884 2024 true false true true D 5346765 50973176 746365 30001171 18236653 1988987 true false false true A false true true true true true 0.0 false false true B false false true true false true 0.0 false false true C false true true true true true 0.0 false false true D false false true true true true 0.0 false false true A false false false true false false false false true B false false true false false false false true C false false false true false false false false true D false false false true false false false false true A true B true C true D true Schedule K, Part IV, Line 2b BOND B (SERIES 2012B) SIX MONTH EXCEPTION TO REBATE UNDER IRC SEC. 148(F) Schedule K, Part I, Column (f) BOND D (SERIES 2022) CONSTRUCTION AND CAPITAL IMPROVEMENTS TO CAMPUS BUILDINGS - $30,000,000 AND REFUNDING FOR SERIES 2012C BOND (ISSUED 5/15/2012) - $19,520,400. Schedule K, Part I, Column (f) BOND A (SERIES 2015) CONSTRUCTION/CAPITAL IMPROVEMENTS Schedule K, Part I, Column (f) BOND B (SERIES 2012B) REFUNDING FOR SERIES 2012B BOND (ISSUED 2/16/2012) Schedule K, Part I, Column (f) BOND C (SERIES 2021) CONSTRUCTION AND CAPITAL IMPROVEMENTS TO CAMPUS BUILDINGS - $37,690,560 AND REFUNDING FOR SERIES 2012A BOND (ISSUED 2/16/2012) - $46,293,825. Schedule K, Part IV, Line 2c COLUMN A Issuer name: PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY (SERIES 2015) The calculation for computing no rebate due was performed on 10/01/2018 Schedule K, Part IV, Line 2c COLUMN C Issuer name: PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY (SERIES 2021) The calculation for computing no rebate due was performed on 10/19/2023 Schedule K, Part IV, Line 2c COLUMN D Issuer name: PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY (SERIES 2022) The calculation for computing no rebate due was performed on 10/19/2023 X 1 1000 Market value X 17 Market value X 1 5000 Market value X 39 1181290 Other - AVG HIGH/LOW OF DAY X 1 9975 Other - APPRAISAL X 3 12502 Other - APPRAISAL X 1 1666 Market value X 1 548 Market value X Scientific Equipment 1 50870 Other - APPRAISAL 1 false true true Schedule M, Part I, Line 32b Third parties used to solicit, process, or sell noncash contributions MERCER UNIVERSITY USES THIRD PARTY STOCKBROKERS TO PROCESS NON-CASH CONTRIBUTIONS Schedule M, Part I Explanations of reporting method for number of contributions Art - Works of art - Number of Contributions Cars and other vehicles - Number of Contributions Clothing and household goods - Number of Contributions Collectibles - Number of Contributions Drugs and medical supplies - Number of Contributions Food inventory - Number of Contributions Real estate - Other - Number of Contributions Securities - Publicly traded - Number of Contributions Other - Scientific Equipment Number of Contributions Form 990, Part III, Line 1 MISSION MERCER UNIVERSITY'S MISSION IS TO TEACH, TO LEARN, TO CREATE, TO DISCOVER, TO INSPIRE, TO EMPOWER, AND TO SERVE. IN FULFILLING THIS MISSION, THE UNIVERSITY SUPPORTS UNDERGRADUATE, GRADUATE AND PROFESSIONAL LEARNING AS WELL AS BASIC RESEARCH AND ITS APPLICATION IN SERVICE TO OTHERS. AS A UNIVERSITY COMMITTED TO EXCELLENCE AND INNOVATION, MERCER CHALLENGES MEMBERS OF ITS COMMUNITY TO MEET AND EXCEED HIGH STANDARDS IN THEIR TEACHING, LEARNING, RESEARCH, SCHOLARSHIP AND SERVICE. FOUNDED BY BAPTISTS IN 1833, MERCER IS AN INDEPENDENT UNIVERSITY THAT REMAINS GROUNDED IN A TRADITION THAT EMBRACES FREEDOM OF THE MIND AND SPIRIT, CHERISHES THE EQUAL WORTH OF EVERY INDIVIDUAL, AND COMMITS TO SERVING THE NEEDS OF HUMANKIND. AS A REFLECTION OF THIS HERITAGE: * WE ENCOURAGE OUR STUDENTS TO DISCOVER AND DEVELOP FULLY THEIR UNIQUE COMBINATION OF GIFTS AND TALENTS TO BECOME LEADERS WHO MAKE A POSITIVE DIFFERENCE IN THE WORLD. * WE SEEK TO INSPIRE MEMBERS OF OUR COMMUNITY TO LIVE VIRTUOUS MEANINGFUL LIVES BY USING THEIR GIFTS AND TALENTS TO SERVE THE NEEDS OF HUMANKIND AS AN EXPRESSION OF THEIR LOVE FOR GOD AND NEIGHBOR. * WE SEEK TO ENRICH THE MIND AND SPIRIT BY PROMOTING AND FACILITATING AN OPEN AND RIGOROUS SEARCH FOR TRUTH AND UNDERSTANDING, INCLUDING AN EXAMINATION OF THE MORAL, RELIGIOUS AND ETHICAL QUESTIONS OF THIS AND EVERY AGE. * WE AFFIRM AND RESPECT THE DIGNITY AND SACRED WORTH OF EVERY PERSON AND CELEBRATE BOTH OR COMMONALITIES AND OUR DIFFERENCES. Form 990, Part III, Line 4d Description of other program services (Expenses $ 44,331,263 including grants of $ 686,435)(Revenue $ 41,417,485) RESEARCH Form 990, Part III, Line 4d Description of other program services (Expenses $ 34,848,107 including grants of $)(Revenue $ 2,312,264) ACADEMIC SUPPORT Form 990, Part III, Line 4d Description of other program services (Expenses $ 31,825,212 including grants of $) STUDENT SERVICES Form 990, Part III, Line 4d Description of other program services (Expenses $ 4,573,637 including grants of $) PUBLIC SERVICES Form 990, Part III, Line 4d Description of other program services (Expenses $- 4,250,882 including grants of $) INSTITUTIONAL SUPPORT Form 990, Part VI, Line 1a GOVERNING BODY VOTING RIGHTS AND DELEGATION OF AUTHORITY THE AFFAIRS OF THE CORPORATION ARE MANAGED AND CONTROLLED BY A BOARD OF TRUSTEES, CONSISTING OF (45) REGULAR MEMBERS WHO SERVE FOR TERMS OF FIVE (5) YEARS EACH. IN ADDITION, DURING THE TAX YEAR ENDED JULY 1, 2023 AND JUNE 30, 2024, THERE WERE FOUR (4) LIFE TRUSTEES SERVING ON THE BOARD OF TRUSTEES. THE PRESIDENT OF THE UNIVERSITY ALSO SERVES AS AN EX OFFICIO MEMBER OF THE BOARD OF TRUSTEES. EACH OF THESE MEMBERS OF THE BOARD OF TRUSTEES HAS THE POWER TO VOTE. DURING THE INTERVALS BETWEEN MEETINGS OF THE BOARD OF TRUSTEES, THE EXECUTIVE COMMITTEE POSSESSES AND MAY EXERCISE ALL THE POWERS OF THE BOARD IN THE MANAGEMENT AND DIRECTION OF THE BUSINESS AND AFFAIRS OF THE CORPORATION IN ALL CASES IN WHICH SPECIFIC DIRECTION HAS NOT BEEN GIVEN BY THE BOARD. THE BYLAWS OF THE CORPORATION PROVIDE THAT THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE CHAIRMAN OF THE BOARD AND THE PRESIDENT EX OFFICIO AND NOT LESS THAN SEVEN (7) ADDITIONAL MEMBERS CHOSEN FROM THE MEMBERSHIP OF THE BOARD. ALL OF THE MEMBERS OF THE EXECUTIVE COMMITTEE ARE VOTING MEMBERS OF THE BOARD OF TRUSTEES. Form 990, Part VI, Line 1b INDEPENDENT VOTING MEMBERS OF THE GOVERNING BODY THE PRESIDENT OF THE UNIVERSITY, WHO SERVES AS AN EX OFFICIO VOTING MEMBER OF THE BOARD OF TRUSTEES, IS COMPENSATED AS AN OFFICER OF THE CORPORATION, AND IS THUS THE ONLY MEMBER OF THE CORPORATION'S GOVERNING BODY WHO IS NOT CONSIDERED TO BE INDEPENDENT. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons CAROLYN MCAFEE BRUNER AND J. THOMAS MCAFEE - Family relationship Form 990, Part VI, Line 4 Significant changes to organizational documents THE BYLAWS WERE AMENDED ON NOVEMBER 10, 2023 TO REFLECT REVISION IN ARTICLE XIX SUBSECTION 5A DELETING THE BOARD OF TRUSTEES EVALUATING THE BOARDS RESPONSIBILITES AND EXPECTATIONS ONCE EVERY THREE YEARS Form 990, Part VI, Line 11b Review of form 990 by governing body PRIOR TO FILING, THE FORM 990 WAS REVIEWED IN DETAIL BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. A COPY OF THE FINALIZED FORM 990 WAS THEN DISTRIBUTED TO ALL MEMBERS OF THE BOARD OF TRUSTEES PRIOR TO FILING. Form 990, Part VI, Line 12c Conflict of interest policy COMPLIANCE WITH WRITTEN CONFLICT OF INTEREST POLICY AT EACH ANNUAL MEETING OF THE BOARD OF TRUSTEES, EACH TRUSTEE, OFFICER, AND KEY EMPLOYEE OF THE UNIVERSITY IS REQUIRED (A) TO REVIEW THE INSTITUTION'S CONFLICT OF INTEREST POLICY FOR TRUSTEES, OFFICERS, AND KEY EMPLOYEES; (B) TO DISCLOSE ANY POSSIBLE PERSONAL, FAMILIAL OR BUSINESS RELATIONSHIPS THAT REASONABLY COULD GIVE RISE TO A CONFLICT OF INTEREST INVOLVING THE UNIVERSITY; AND (C) TO ACKNOWLEDGE BY HIS OR HER SIGNATURE THAT HE OR SHE IS IN ACCORDANCE WITH THE LETTER AND SPIRIT OF THE CONFLICT OF INTEREST POLICY. ALL TRUSTEES, OFFICERS AND KEY EMPLOYEES ARE REQUIRED TO LIST ON A DISCLOSURE FORM FOR TRUSTEES, OFFICERS, AND KEY EMPLOYEES THOSE SUBSTANTIVE RELATIONSHIPS THAT THEY MAINTAIN (OR MEMBERS OF THEIR FAMILIES MAINTAIN) WITH ORGANIZATIONS THAT DO BUSINESS WITH THE UNIVERSITY, OR THAT OTHERWISE COULD BE CONSTRUED TO POTENTIALLY AFFECT THEIR INDEPENDENT, UNBIASED JUDGMENT IN LIGHT OF THEIR DECISION-MAKING AUTHORITY OR RESPONSIBILITY. IN THE EVENT A TRUSTEE, OFFICER OR KEY EMPLOYEE IS UNCERTAIN AS TO THE APPROPRIATENESS OF LISTING A PARTICULAR RELATIONSHIP, THE CHAIR OF THE BOARD OF TRUSTEES AND/OR THE PRESIDENT IS CONSULTED. THEY, IN TURN, MAY ELECT TO CONSULT WITH LEGAL COUNSEL, THE EXECUTIVE COMMITTEE, OR THE BOARD OF TRUSTEES IN EXECUTIVE SESSION. THESE DISCLOSURE FORMS ARE COLLECTED BY THE SECRETARY OF THE CORPORATION, AND COPIES ARE PROVIDED ANNUALLY TO THE UNIVERSITY'S INDEPENDENT AUDITORS. TRUSTEES, OFFICERS, AND KEY EMPLOYEES WHO HAVE DECLARED OR BEEN FOUND TO HAVE A CONFLICT OF INTEREST ARE REQUIRED TO REFRAIN FROM PARTICIPATING IN CONSIDERATION OF PROPOSED TRANSACTIONS, UNLESS FOR SPECIAL REASONS THE BOARD OR ADMINISTRATION REQUESTS INFORMATION OR INTERPRETATION. PERSONS WITH CONFLICTS ARE NOT ALLOWED TO VOTE OR BE PRESENT AT THE TIME OF THE VOTE ON SUCH TRANSACTIONS. WHENEVER THE BOARD OF TRUSTEES HOLDS A MEETING AT WHICH (A) A TRUSTEE'S, OFFICER'S, OR KEY EMPLOYEE'S FINANCIAL INTEREST IN A MATTER IS DISCLOSED, (B) A DETERMINATION REGARDING THE EXISTENCE OF A CONFLICT OF INTEREST IS MADE, OR (C) A TRANSACTION OR ARRANGEMENT WITH RESPECT TO WHICH A TRUSTEE, OFFICER, OR KEY EMPLOYEE HAS A CONFLICT OF INTEREST IS CONSIDERED, THE BOARD'S CONSIDERATION OF THESE ISSUES IS DOCUMENTED IN THE MINUTES OF THE MEETING. IN THE INTERIM BETWEEN ANNUAL MEETINGS, EACH TRUSTEE, OFFICER, AND KEY EMPLOYEE HAS AN ONGOING OBLIGATION TO NOTIFY THE BOARD OF TRUSTEES PROMPTLY OF ANY ACTUAL, APPARENT OR POTENTIAL CONFLICT OF INTEREST AS IT ARISES. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE BYLAWS ESTABLISHED A COMPENSATION COMMITTEE, COMPRISED OF THE CHAIR OF THE BOARD OF TRUSTEES, THE CHAIR OF THE EXECUTIVE COMMITTEE, AND THE CHAIR OF THE FINANCE, INVESTMENT AND PROPERTY COMMITTEE, EACH OF WHOM IS AN INDEPENDENT VOTING MEMBER OF THE UNIVERSITY'S GOVERNING BODY. ON AN ANNUAL BASIS, THE COMPENSATION COMMITTEE ESTABLISHES THE COMPENSATION ARRANGEMENTS FOR THE PRESIDENT OF THE UNIVERSITY, AND ALSO REVIEWS THE COMPENSATION ARRANGEMENTS FOR EACH UNIVERSITY OFFICER AND OTHER KEY EMPLOYEE WHO IS IN A POSITION TO EXERCISE SUBSTANTIAL INFLUENCE OVER THE AFFAIRS OF THE UNIVERSITY TO ENSURE THAT SUCH COMPENSATION ARRANGEMENTS ARE REASONABLE. IN CARRYING OUT THIS PROCESS, THE COMPENSATION COMMITTEE OBTAINS AND RELIES UPON APPROPRIATE COMPARABILITY DATA AND CONCURRENTLY DOCUMENTS THE BASIS FOR ITS DELIBERATIONS AND DECISIONS. NO PERSON HAVING A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT FOR ANY UNIVERSITY OFFICER OR KEY EMPLOYEE IS PRESENT DURING THE DISCUSSION AND APPROVAL OF SUCH COMPENSATION ARRANGEMENTS. Form 990, Part VI, Line 15b Process to establish compensation of other employees THE BYLAWS ESTABLISHED A COMPENSATION COMMITTEE, COMPRISED OF THE CHAIR OF THE BOARD OF TRUSTEES, THE CHAIR OF THE EXECUTIVE COMMITTEE, AND THE CHAIR OF THE FINANCE, INVESTMENT AND PROPERTY COMMITTEE, EACH OF WHOM IS AN INDEPENDENT VOTING MEMBER OF THE UNIVERSITY'S GOVERNING BODY. ON AN ANNUAL BASIS, THE COMPENSATION COMMITTEE ESTABLISHES THE COMPENSATION ARRANGEMENTS FOR THE PRESIDENT OF THE UNIVERSITY, AND ALSO REVIEWS THE COMPENSATION ARRANGEMENTS FOR EACH UNIVERSITY OFFICER AND OTHER KEY EMPLOYEE WHO IS IN A POSITION TO EXERCISE SUBSTANTIAL INFLUENCE OVER THE AFFAIRS OF THE UNIVERSITY TO ENSURE THAT SUCH COMPENSATION ARRANGEMENTS ARE REASONABLE. IN CARRYING OUT THIS PROCESS, THE COMPENSATION COMMITTEE OBTAINS AND RELIES UPON APPROPRIATE COMPARABILITY DATA AND CONCURRENTLY DOCUMENTS THE BASIS FOR ITS DELIBERATIONS AND DECISIONS. NO PERSON HAVING A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT FOR ANY UNIVERSITY OFFICER OR KEY EMPLOYEE IS PRESENT DURING THE DISCUSSION AND APPROVAL OF SUCH COMPENSATION ARRANGEMENTS. Form 990, Part VI, Line 19 Required documents available to the public THE UNIVERSITY MAKES ITS GOVERNING DOCUMENTS (I.E., BYLAWS AND ITS CONFLICT-OF-INTEREST POLICY) AVAILABLE TO THE GENERAL PUBLIC BY POSTING THEM ON THE INSTITUTION'S WEBSITE (HTTP://WWW.MERCER.EDU). THE ARTICLES OF INCORPORATION ARE AVAILABLE THROUGH THE STATE OF GEORGIA'S SECRETARY OF STATE'S WEBSITE AT HTTPS://ECOPR.SOS.GA.GOV/BUSINESS SEARCH. ON AN ANNUAL BASIS, THE UNIVERSITY MAKES ITS AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC BY CONTINUING DISCLOSURE THROUGH THE ELECTRONIC MUNICIPAL MARKET ACCESS (EMMA) SYSTEM OF THE MUNICIPAL SECURITIES RULEMAKING BOARD (HTTP://EMMA.MSRB.ORG). Form 990, Part VIII, Line 11d Other Miscellaneous Revenue CC REBATES - Total Revenue: 126302, Related or Exempt Function Revenue: 126302, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; PT Residency Program - Total Revenue: 119694, Related or Exempt Function Revenue: 119694, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS - -55369; NET CHANGE IN BENEFICIAL INTEREST IS PERPETUAL TRUSTS - 5346190; CHANGE IN SPLIT-INTEREST OBLIGATIONS - 60936; AMORTIZATION OF BOND PREMIUM/DISCOUNT AND ISSUANCE COSTS - 387410; Schedule F, Part I, Line 2 PROCEDURES FOR MONITORING THE USE OF ASSISTANCE OUTSIDE THE U.S. MERCER UNIVERSITY REQUIRES SUBRECIPIENTS TO SUBMIT PERFORMANCE AND FINANCIAL STATUS REPORTS UPON REQUEST. THE UNIVERSITY OBTAINS AND REVIEWS THE SINGLE AUDIT REPORT FROM SUBRECIPIENTS WHO RECEIVE IN EXCESS OF $750,000 OF FEDERAL FUNDS DURING THE FISCAL YEAR. IF THE PROSPECTIVE SUBRECIPIENT DOES NOT HAVE A SINGLE AUDIT, THE UNIVERSITY MAY PERFORM SITE VISITS. 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