2026-05-07T09:54:38+00:00 2025-06-30 135565207 KPMG LLP 55 Second Street 1400 San Francisco CA 94105 990 2024-07-01 580566167 THE CORPORATION OF MERCER UNIVERSITY CORP 4783012710 1501 MERCER UNIVERSITY DRIVE MACON GA 31207 JULIA T DAVIS SENIOR VP FOR ADMIN & FINANCE 2026-05-07 true true ALISON LAKRITZ P01935980 4159635100 2026-05-07 2024 2025-03-06 01:10:19Z WILLIAM D UNDERWOOD 1501 MERCER UNIVERSITY DRIVE MACON GA 31207 508545710 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 4514 570 595406 648000 61644050 69638691 369688495 381780720 43445695 29608730 2434904 3669854 477213144 484697995 105223802 108440473 0 0 196945877 202083777 0 0 3474071 141649356 143258017 443819035 453782267 33394109 30915728 1038550349 1102611953 320513679 315605465 718036670 787006488 X MERCER UNIVERSITY'S MISSION IS TO TEACH, TO LEARN, TO CREATE, TO DISCOVER, TO INSPIRE, TO EMPOWER, AND TO SERVE. false false 129946027 0 281061278 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 2024-2025 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. 108087450 108087450 0 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. 80003664 0 53385428 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. 45721288 353023 47334014 RESEARCH 37549897 0 3188554 ACADEMIC SUPPORT 32718846 0 0 STUDENT SERVICES 4307226 0 0 PUBLIC SERVICES -4763689 0 0 INSTITUTIONAL SUPPORT 115533568 353023 50522568 433570709 true true false true false 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 true true false false true 1123 2 true 4514 true true true false false false false true true false false false false false false X 50 49 true false false false false false false true true false false false true true true true true true true true false false GA X MATTHEW R HALL 4783012771 1501 MERCER UNIVERSITY DRIVE MACON GA 31207 THOMAS P BISHOP CHAIRMAN 1.0 X X 0 0 0 WILLIAM UNDERWOOD PRESIDENT/PROFESSOR 40.0 X X 558447 0 54937 AMY MILLER WALL TRUSTEE 1.0 X 0 0 0 ASHLEY AMOS COPELAN TRUSTEE 1.0 X 0 0 0 BENJAMIN W GRIFFITH TRUSTEE 1.0 X 0 0 0 CAROYN TOWNSEND MCAFEE BRUNER TRUSTEE 1.0 X 0 0 0 CATHY CALLAWY ADAMS TRUSTEE 1.0 X 0 0 0 CHARLES L CANTRELL III TRUSTEE 1.0 X 0 0 0 CHARLES WATSON JR TRUSTEE 1.0 X 0 0 0 CHRIS R SHERIDAN JR TRUSTEE 1.0 X 0 0 0 DAVID E HUDSON TRUSTEE 1.0 X 0 0 0 DAVID E LINCH TRUSTEE 1.0 X 0 0 0 DERICUS K HARVEY TRUSTEE 1.0 X 0 0 0 DR BARBARA BROWN TAYLOR TRUSTEE 1.0 X 0 0 0 DR JAMES C ELDER JR TRUSTEE 1.0 X 0 0 0 DR SPENCER B KING TRUSTEE 1.0 X 0 0 0 DWIGHT J DAVIS TRUSTEE 1.0 X 0 0 0 EDWARD SCHUTTER JR TRUSTEE 1.0 X 0 0 0 ELI MORGAN TRUSTEE 1.0 X 0 0 0 ERIN KELLER TRUSTEE 1.0 X 0 0 0 GENE GABBARD TRUSTEE 1.0 X 0 0 0 GENELLE JENNINGS TRUSTEE 1.0 X 0 0 0 HEATHER DARDEN TRUSTEE 1.0 X 0 0 0 J HENRY WALKER TRUSTEE 1.0 X 0 0 0 J THOMAS MCAFEE TRUSTEE 1.0 X 0 0 0 JACQUELINE BAUGH MOORE TRUSTEE 1.0 X 0 0 0 JAMES WILLIAM THOMAS JR TRUSTEE 1.0 X 0 0 0 JENNIFER NUNN TARBUTTON TRUSTEE 1.0 X 0 0 0 JERRY S WILSON TRUSTEE 1.0 X 0 0 0 JIMMY CARTER TRUSTEE 1.0 X 0 0 0 JOE SAM ROBINSON JR TRUSTEE 1.0 X 0 0 0 JULIE LONG TRUSTEE 1.0 X 0 0 0 KEVIN HEAD TRUSTEE 1.0 X 0 0 0 LARRY BRADEN TRUSTEE 1.0 X 0 0 0 LIZA CHAPMAN TRUSTEE 1.0 X 0 0 0 M TROY WOODS TRUSTEE 1.0 X 0 0 0 MALCOM S BURGESS TRUSTEE 1.0 X 0 0 0 MARC TREADWELL TRUSTEE 1.0 X 0 0 0 MARY DIANE OWENS TRUSTEE 1.0 X 0 0 0 MATTHEW P SAPP TRUSTEE 1.0 X 0 0 0 MAXINE C MORRIS TRUSTEE 1.0 X 0 0 0 MICHAEL BOGGS TRUSTEE 1.0 X 0 0 0 MILTON L CRUZ TRUSTEE 1.0 X 0 0 0 NANCY GRACE TRUSTEE 1.0 X 0 0 0 NATHAN DEAL TRUSTEE 1.0 X 0 0 0 RABUN MATTHEWS III TRUSTEE 1.0 X 0 0 0 RAYMOND McLEOD WARRN III TRUSTEE 1.0 X 0 0 0 RICHARD SCHNEIDER TRUSTEE 1.0 X 0 0 0 ROBERT F HATCHER TRUSTEE 1.0 X 0 0 0 ROBERT G GODDARD TRUSTEE 1.0 X 0 0 0 STANLEY DEMETRIUS JONES TRUSTEE 1.0 X 0 0 0 TERRY ENGLAND TRUSTEE 1.0 X 0 0 0 VIRGIL L ADAMS TRUSTEE 1.0 X 0 0 0 W LOUIS SANDS TRUSTEE 1.0 X 0 0 0 WILLIAM A MOYE TRUSTEE 1.0 X 0 0 0 WILLIAM BRADLEY TURNER JR TRUSTEE 1.0 X 0 0 0 WILLIAM H ANDERSON TRUSTEE 1.0 X 0 0 0 WILLIAM KNOX POU TRUSTEE 1.0 X 0 0 0 YVETTE MILLER TRUSTEE 1.0 X 0 0 0 DAVID DAVIS PROVOST 40.0 X 348262 0 53375 JAMES NETHERTON EXEC VP-ADMIN & FINANCE 40.0 X 357169 0 53374 JOHN PATTERSON SENIOR VP FOR ADVANCEMENT 40.0 X 288189 0 48488 JULIA DAVIS AVP FINANCE & TREASURER 40.0 X 189500 0 21531 KELLIE APPEL SENIOR VP FOR STRATEGIC INITIATIVES 40.0 X 248661 0 45079 LARRY BRUMMLEY SENIOR VP FOR MARKETING COMMUNICATIONS AND CHIEF OF STAFF 40.0 X 259034 0 29016 MATTHEW HALL GENERAL COUNSEL 40.0 X 215286 0 40358 PENNY ELKINS Executive VP FOR ENROLLMENT MANAGEMENT 40.0 X 316300 0 50905 ANDREA MITCHELL EXECUTIVE DIRECTOR 40.0 X 264392 0 43671 JEAN SUMNER DEAN/PROFESSOR 40.0 X 462294 0 54266 DON NAKAYAMA SENIOR ASSOCIATE DEAN/SCHOOL OF MEDICINE 40.0 X 942494 0 28102 EDWIN GRIMSELY PROFFESSOR 40.0 X 304991 0 50002 JOHN HAWKINS ASSOCIATE PROFESSOR 40.0 X 491169 0 54504 KAREN SNEDDON DEAN/PROFESSOR 40.0 X 296150 0 49060 RYAN RIDDER HEAD BASKETBALL COACH 40.0 X 290827 0 41698 5833165 0 718366 425 false true false Aramark Services Inc 1501 Mercer University Dr Macon GA 312070001 Food Services 11106022 Orbis Education Services LLC 2600 W Camelback Rd Attn Accounting 4th Floor Phoenix AZ 85017 Program Management Services 4648057 National Management Resources Corporation Po Box 1224 Lagrange GA 30241 Facilities Management 4613886 Chris R Sheridan & Co Po Box 4441 Macon GA 31208 Construction 2740364 Conditioned Air Inc PO Box 4023 Macon GA 31208 HVAC Services 2082684 170 118305 46802160 22718226 7741752 69638691 TUITION AND FEES 900099 281061278 281061278 AUXILIARY SERVICES 900099 53385428 53385428 GOVERNMENT CONTRACTS 541700 47334014 47334014 0 0 0 0 381780720 12069989 433108 11636881 93508 93508 6185120 5320318 864802 0 864802 864802 34904971 0 17417103 42635 17487868 -42635 17445233 17445233 34625 118305 130323 -95698 -95698 96200 41016 55184 55184 391035 896320 -505286 -505286 MEDICAL SCHOOL HOSPITAL Exchange 900099 1420374 1420374 Rebates 900099 133269 133269 Wellstar Pharmacy app/students 900099 121982 121982 1675227 1512929 162298 0 3350852 484697995 384969274 595406 29494624 353023 353023 108087450 108087450 0 0 0 0 4002656 2500631 1165348 336677 152660550 139206644 12028128 1425778 9412501 9337908 -75216 149809 26823841 26611266 -214351 426926 9184229 9111446 -73392 146175 410238 25215 385023 388146 388146 35395 35395 29167833 28004514 968131 195188 1232183 1023776 208344 63 11561898 9362936 2051657 147305 6457707 3980138 2445796 31773 23151 23151 125068 100467 24601 8217530 7820638 305156 91736 10871377 9203562 1667815 24291151 22333582 1957569 6354552 4695220 1659332 OPERATIONS & MAINTENANC 28671299 24891932 3772558 6809 PROGRAM & EVENTS 5536034 4321839 724076 490119 INSTRUCTIONAL SUPPLIES 4281684 4280817 867 Furniture and Equipment 2565805 2509071 55368 1366 3066966 15750088 -12707469 24347 453782267 433570709 16737487 3474071 49523221 92141025 1291742 1292251 21036463 17141720 0 0 0 0 16028506 3238250 776884 780464 849489331 414486464 436604380 435002867 243392853 287266504 247609729 244512359 8251484 8955261 14035087 12281252 1038550349 1102611953 21075106 19879997 11510665 13607571 203351983 196296709 0 0 57578482 42498377 26997443 43322811 320513679 315605465 X 308474668 325678025 409562002 461328463 718036670 787006488 1038550349 1102611953 X 30915728 32589416 5464674 X false true true true true X 83188166 74299163 62393992 61644050 69638691 351164062 0 0 83188166 74299163 62393992 61644050 69638691 351164062 1477803 349686259 13602291 16480368 16159997 16876987 18348617 81468260 16950 129534 146484 846882 891954 513237 557134 521860 3331067 436109873 1798644544 0.80183 0.825 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 - 846882.0, COLUMN B - 891954.0, COLUMN C - 513237.0, COLUMN D - 557134.0, COLUMN E - 521860.0, COLUMN F - 3331067.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 280749 false true 35335 316084 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY 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 481905976 9147322 59420775 20954204 529519869 479944937 4169492 58104553 60313006 481905976 452556294 4475034 38242969 15329360 479944937 475458642 7415063 -32739267 -2421856 452556294 361437355 12972412 107212953 6164078 475458642 0.2065 0.7935 0.0 false false 628582125 270276327 358305798 148981319 117471788 31509531 71925887 26738349 45187538 435002867 Closely-held equity interests Financial derivatives CASH & CASH EQUIVALENTS 13494943 F HEDGED EQUITY FUNDS OF FUNDS 40086503 F PRIVATE EQUITY & VENTURE CAPITAL FUNDS 50613458 F REAL ASSETS 44267493 F MISCELLANEOUS INVETMENTS 4227600 F REMAINDER INTEREST TRUSTS 6366412 F BENEFICIAL INTERESTS IN PERPETUAL TRUSTS 85455950 F 244512359 Federal Income Taxes ACCRUED POSTRETIREMENT BENEFITS 784487 LEASE OBLIGATIONS 2753356 ANNUITY OBLIGATIONS 2557177 ASSET RETIREMENT OBLIGATIONS 3750154 INTEREST RATE SWAPS 355000 ADVANCES FROM FEDERAL GOVERMENT AND OTHERS 33122637 43322811 X 0 0 0 0 0 0 0 0 0 0 0 0 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 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 AUXILIARY REVENUE AND AUXILIARY EXPENSES. FUNDS SPENT 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 CAPITAL ITEMS WERE REPORTED 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, 2025. 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 2025 OR 2024. 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 133298 Europe (Including Iceland and Greenland) 0 0 Program Services MERCER ON MISSION 287471 Russia and Neighboring States 0 0 Program Services MERCER ON MISSION 43093 South Asia 0 0 Program Services MERCER ON MISSION 52400 North America (Canada & Mexico only) 0 0 Program Services MERCER ON MISSION 64410 Middle East and North Africa 0 0 Program Services MERCER ON MISSION 57108 Sub-Saharan Africa 0 0 Program Services MERCER ON MISSION 381998 East Asia and the Pacific 0 0 Program Services MERCER ON MISSION 392319 South America 0 0 Program Services MERCER ON MISSION 110064 South America 0 0 Program Services RECRUITMENT 3928 South Asia 0 0 Program Services RECRUITMENT 3560 0 0 0 0 0 0 1529649 0 1529649 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 AMERICA-Accrual; SOUTH ASIA-Accrual; SUB-SAHARAN AFRICA-Accrual AUTHOR'S LUNCHEON 81327 59102 22225 81285 EXECUTIVE FORUM 59203 59203 0 49038 1 12400 0 12400 152930 118305 34625 130323 130323 -95698 0 0 96200 15000 26016 false 0 96200 15000 26016 true false false false 1.0 0 MATTHEW WILLIAMS 1501 MERCER UNIVERSITY DRIVE MACON GA 312070000 false MATTHEW WILLIAMS 0 MANAGED RAFFLE, MANAGED BOOKS, PROVIDED REPORTS ON RAFFLE X false true Brights Spirits Wellness and Recovery 89 Parks Mountain Road Ellijay GA 30540 873916516 501(c)(3) 8000 Public Service Dalton State College 650 College Drive Dalton GA 30720 580975068 501(C)(3) 68248 Instruction East Georgia Healthcare Center Inc 215 N Coleman Street Swainsboro GA 30401 582001607 501(C)(3) 124991 Public Service Emory University 1440 Clifton Road NE Atlanta GA 30322 580566256 501(C)(3) 82556 Research Georgia Council for Recovery Inc 2310 Park Lane Drive Atlanta GA 303452904 582045112 501(C)(3) 28223 Research Georgia Tech Research Corporation PO Box 100117 Atlanta GA 30384 580603146 501(C)(3) 26089 Research Global Partnership for Telehealth PO Box 1408 Waycross GA 31502 261602348 501(C)(3) 10427 Public Service 7 0 STUDENT FINANCIAL AID ASSISTANCE 6180 108087450 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 558447 0 0 0 0 0 34500 0 20437 0 613384 0 0 0 JAMES NETHERTON EXEC VP-ADMIN & FINANCE 357169 0 0 0 0 0 34500 0 18874 0 410543 0 0 0 DAVID DAVIS PROVOST 348262 0 0 0 0 0 34500 0 18875 0 401637 0 0 0 PENNY ELKINS Executive VP FOR ENROLLMENT MANAGEMENT 316300 0 0 0 0 0 32500 0 18405 0 367205 0 0 0 JOHN PATTERSON SENIOR VP FOR ADVANCEMENT 288189 0 0 0 0 0 30000 0 18488 0 336677 0 0 0 LARRY BRUMMLEY SENIOR VP FOR MARKETING COMMUNICATIONS AND CHIEF OF STAFF 259034 0 0 0 0 0 26000 0 3016 0 288050 0 0 0 KELLIE APPEL SENIOR VP FOR STRATEGIC INITIATIVES 248661 0 0 0 0 0 26800 0 18279 0 293740 0 0 0 MATTHEW HALL GENERAL COUNSEL 215286 0 0 0 0 0 22350 0 18008 0 255644 0 0 0 JULIA DAVIS AVP FINANCE & TREASURER 189500 0 0 0 0 0 18950 0 2581 0 211031 0 0 0 JEAN SUMNER DEAN/PROFESSOR 462294 0 0 0 0 0 34500 0 19766 0 516560 0 0 0 ANDREA MITCHELL EXECUTIVE DIRECTOR 264392 0 0 0 0 0 27344 0 16327 0 308063 0 0 0 DON NAKAYAMA SENIOR ASSOCIATE DEAN/SCHOOL OF MEDICINE 942494 0 0 0 0 0 4750 0 23352 0 970596 0 0 0 JOHN HAWKINS ASSOCIATE PROFESSOR 491169 0 0 0 0 0 34500 0 20004 0 545673 0 0 0 EDWIN GRIMSELY PROFFESSOR 304991 0 0 0 0 0 31325 0 18677 0 354993 0 0 0 KAREN SNEDDON DEAN/PROFESSOR 296150 0 0 0 0 0 30450 0 18610 0 345210 0 0 0 RYAN RIDDER HEAD BASKETBALL COACH 290827 0 0 0 0 0 28173 0 13525 0 332525 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 2667573 79547573 939287 78608285 2018 false false true true B 4042829 8727829 133327 8594502 2012 true false true true C 21592839 84964714 909942 37897888 46156884 2024 true false true true D 7106765 50973176 746365 30001171 18236653 2025 true false false true A false true true true true true 0.0 0 0.0 false false 0 false true B false false true true false true 0.0 0 0.0 false false 0 false true C false true true true true true 0.0 0 0.0 false false 0 false true D false false true true true true 0.0 0 0.0 false false 0 false true A false false false true false false 0 false false false 0 false false true B false false true false false false 0 false false false 0 false false true C false false false true false false 0 false false false 0 false false true D false false false true false false 0 false false false 0 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 II, Line 3 Column C & D Difference in Issue Price and Proceeds of issue due to Investment Earnings 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 10/19/2023 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 3850 Market value 20 7552406 Other - High/Low Average of Day 8 84000 Other - Appraisal, FMV 2 596 Market value 1 675 Market value X AIRFARE 2 100225 Market value 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 Clothing and household goods - NUMBER OF CONTRIBUTIONS Securities - Publicly traded - NUMBER OF CONTRIBUTIONS Collectibles - NUMBER OF CONTRIBUTIONS Food inventory - NUMBER OF CONTRIBUTIONS Drugs and medical supplies - NUMBER OF CONTRIBUTIONS Other - AIRFARE NUMBER OF CONTRIBTUTIONS 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 4a-4c Description of program services (Expenses $ 45,721,288 including grants of $ 353,023)(Revenue $ 47,334,014) RESEARCH Form 990, Part III, Line 4a-4c Description of program services (Expenses $ 37,549,897 including grants of $ 0)(Revenue $ 3,188,554) ACADEMIC SUPPORT Form 990, Part III, Line 4a-4c Description of program services (Expenses $ 32,718,846 including grants of $ 0)(Revenue $ 0) STUDENT SERVICES Form 990, Part III, Line 4a-4c Description of program services (Expenses $ 4,307,226 including grants of $ 0)(Revenue $ 0) PUBLIC SERVICES Form 990, Part III, Line 4a-4c Description of program services (Expenses $- 4,763,689 including grants of $ 0)(Revenue $ 0) 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, 2024 AND JUNE 30, 2025, 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 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 - Total Revenue: 1675227, Related or Exempt Function Revenue: 1512929, Unrelated Business Revenue: 162298, 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 - -38000; NET CHANGE IN BENEFICIAL INTEREST IS PERPETUAL TRUSTS - 4739962; CHANGE IN SPLIT-INTEREST OBLIGATIONS - 197442; AMORTIZATION OF BOND PREMIUM/DISCOUNT AND ISSUANCE COSTS - 565270; Total - 5464674; 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. MERCER MEDICINE LLC 1501 MERCER UNIVERSITY DRIVE MACON GA 31207 204846017 PRACTICE PLAN GA 0 0 MERCER UNIVERSITY ABRAM PROPERTIES LLC 1501 MERCER UNIVERSITY DRIVE MACON GA 31207 580566167 PROPERTY INV GA 0 0 MERCER UNIVERSITY PRESCHOOL PROPORTIES LLC 1501 MERCER UNIVERSITY DRIVE MACON GA 31207 580566167 PROPERTY INV GA 0 0 MERCER UNIVERSITY DLESLIE LLC 1501 MERCER UNIVERSITY DRIVE MACON GA 31207 580566167 REAL ESTATE GA 0 0 MERCER UNIVERSITY PIO NONO STABLIZATION LLC 1501 MERCER UNIVERSITY DRIVE MACON GA 31207 580566167 REAL ESTATE GA 0 0 MERCER UNIVERSITY MERCER GSA LLC 1501 MERCER UNIVERSITY DRIVE MACON GA 31207 580566167 REAL ESTATE GA 0 0 MERCER UNIVERSITY WM GRAY INVESTMENTS LLC 1501 MERCER UNIVERSITY DRIVE MACON GA 31207 823461279 REAL ESTATE GA 0 0 MERCER UNIVERSITY MACON HISTORIC IMPROVEMENTS LLC 1501 MERCER UNIVERSITY DRIVE MACON GA 31207 580566167 REAL ESTATE GA 0 0 MERCER UNIVERSITY BARNEY'S INVESTMENTS LLC 1501 MERCER UNIVERSITY DRIVE MACON GA 31207 842891090 REAL ESTATE GA 0 0 MERCER UNIVERSITY FARRPOINT STATION LLC 1501 MERCER UNIVERSITY DRIVE MACON GA 31207 580566167 REAL ESTATE GA 0 0 MERCER UNIVERSITY BROWNPHIL LLC 1501 MERCER UNIVERSITY DRIVE MACON GA 31207 580566167 REAL ESTATE GA 0 0 MERCER UNIVERSITY LINDEN AVE LLC 1501 MERCER UNIVERSITY DRIVE MACON GA 31207 580566167 REAL ESTATE GA 0 0 MERCER UNIVERSITY HISTORIC CAPRICORN STUDIOS MANAGER LLC 1501 MERCER UNIVERSITY DRIVE MACON GA 31207 821296457 TAX CREDITS GA 0 0 MERCER UNIVERSITY HISTORIC NEW YORK CAF MANAGER LLC 1501 MERCER UNIVERSITY DRIVE MACON GA 31207 832713372 TAX CREDITS GA 0 0 MERCER UNIVERSITY KT SMITH LLC 1501 MERCER UNIVERSITY DRIVE MACON GA 31207 580566167 REAL ESTATE GA 0 0 MERCER UNIVERSITY MAW SERVICE CENTER REAL ESTATE LLC 1501 MERCER UNIVERSITY DRIVE MACON GA 31207 580566167 REAL ESTATE GA 0 0 MERCER UNIVERSITY SAVANNAH CENTER FOR MEDICAL EDUCATION & RESEARCH 1501 MERCER UNIVERSITY DRIVE MACON GA 31207 471772525 REAL ESTATE GA MERCER UNIVERSITY Excluded false 0 true REMAINDER INTEREST TRUSTS (27) 1501 MERCER UNIVERSITY DRIVE MACON GA 31207 CHARITABLE TRUST GA MERCER UNIV Trust false PERPETUAL TRUSTS (12) 1501 MERCER UNIVERSITY DRIVE MACON GA 31207 CHARITABLE TRUST GA CHARITABLE TRUST Trust false false false false false false false false false false false true false false true true true false false false