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Nonprofiteer
← AGNES SCOTT COLLEGE

Form 990 for tax year 2022

Filed by AGNES SCOTT COLLEGE.

Totals

Total revenue
$97,647,688
Total expenses
$92,822,716
Contributions and grants received
$30,115,299
Grants paid
$28,252,696
Program service revenue
$58,792,869
Investment income
$8,279,533
Other revenue
$459,987
Total assets, end of year
$378,470,931
Total liabilities, end of year
$79,184,232
Net assets or fund balances, end of year
$299,286,699
Program services expenses (Part IX)
$81,277,474
Management and general expenses
$9,723,772
Fundraising expenses
$1,821,470
Program service expenses (Part III)
$81,277,474

Program services were 87.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $7,060,000

  • 1e · Government grants (contributions)

    $2,675,905

  • 1f · All other contributions, gifts and grants

    $20,379,394

  • 1g · Noncash contributions included above

    $3,322,420

  • 2a · Program service revenue: Tuition & Fee Income

    total $46,999,748 · related or exempt $46,999,748

  • 2b · Program service revenue: Auxiliary Enterprises

    total $10,827,881 · related or exempt $10,520,722 · unrelated business $307,159

  • 2c · Program service revenue: Research grants/Colleg

    total $965,240 · related or exempt $965,240

  • 3 · Investment income

    total $6,803,725 · unrelated business $1,041,649 · excluded $5,762,076

  • 6a · Gross rents

    real property $299,757

  • 6b · Less rental expenses

    real property $462,671

  • 6c · Rental income or loss

    real property -$162,914

  • 6d · Net rental income or loss

    total -$162,914 · excluded -$162,914

  • 7a · Gross sales of assets other than inventory

    securities $36,585,397 · other assets $845,699

  • 7b · Less cost or other basis and sales expenses

    securities $35,884,116 · other assets $71,172

  • 7c · Gain or loss

    securities $701,281 · other assets $774,527

  • 7d · Net gain or loss

    total $1,475,808 · excluded $1,475,808

  • 11a · Other revenue: Student Health Insurance

    total $520,867 · excluded $520,867

  • 11b · Other revenue: Vending & Parking Services Fees

    total $64,180 · excluded $64,180

  • 11c · Other revenue: Miscellaneous Income

    total $37,854 · excluded $37,854

  • 11e · Other revenue, total

    $622,901

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $92,918 · program services $92,918

  • 2 · Grants to domestic individuals

    total $28,159,778 · program services $28,159,778

  • 5 · Compensation of officers, directors and key employees

    total $1,440,274 · program services $766,448 · management and general $503,139 · fundraising $170,687

  • 7 · Other salaries and wages

    total $22,025,293 · program services $19,147,774 · management and general $2,022,261 · fundraising $855,258

  • 8 · Pension plan contributions

    total $1,012,723 · program services $860,222 · management and general $105,813 · fundraising $46,688

  • 9 · Other employee benefits

    total $3,972,460 · program services $3,225,187 · management and general $558,137 · fundraising $189,136

  • 10 · Payroll taxes

    total $1,611,489 · program services $1,350,177 · management and general $188,426 · fundraising $72,886

  • 11b · Fees: legal

    total $138 · program services $126 · management and general $12

  • 11c · Fees: accounting

    total $127,340 · management and general $127,340

  • 11f · Fees: investment management

    total $960,819 · management and general $960,819

  • 11g · Fees: other

    total $11,615,297 · program services $9,163,567 · management and general $2,307,071 · fundraising $144,659

  • 12 · Advertising and promotion

    total $8,041 · program services $8,041

  • 13 · Office expenses

    total $2,995,319 · program services $2,794,761 · management and general $109,661 · fundraising $90,897

  • 14 · Information technology

    total $1,378,777 · program services $1,087,748 · management and general $273,857 · fundraising $17,172

  • 16 · Occupancy

    total $1,010,768 · program services $875,315 · management and general $135,453

  • 17 · Travel

    total $2,224,670 · program services $2,041,182 · management and general $81,245 · fundraising $102,243

  • 19 · Conferences, conventions and meetings

    total $863,230 · program services $749,337 · management and general $107,328 · fundraising $6,565

  • 20 · Interest

    total $1,490,025 · program services $1,361,173 · management and general $128,852

  • 22 · Depreciation, depletion and amortization

    total $5,201,345 · program services $4,751,551 · management and general $449,794

  • 23 · Insurance

    total $1,006,230 · management and general $1,006,230

  • 24a · Other expenses: Food Service

    total $2,899,584 · program services $2,287,546 · management and general $575,926 · fundraising $36,112

  • 24b · Other expenses: Equipment Purchases

    total $1,912,690 · program services $1,741,115 · management and general $82,408 · fundraising $89,167

  • 24c · Other expenses: Student Insurance

    total $506,608 · program services $506,608

  • 24d · Other expenses: Student Service Fees

    total $306,900 · program services $306,900

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $18,997,700 · end of year $22,881,755

  • 3 · Pledges and grants receivable

    beginning of year $7,984,968 · end of year $9,137,124

  • 4 · Accounts receivable

    beginning of year $1,294,578 · end of year $672,810

  • 9 · Prepaid expenses and deferred charges

    beginning of year $922,251 · end of year $1,171,989

  • 10a · Land, buildings and equipment: cost or other basis

    $218,915,216

  • 10b · Land, buildings and equipment: accumulated depreciation

    $115,289,063

  • 10c · Land, buildings and equipment, net

    beginning of year $106,964,374 · end of year $103,626,153

  • 11 · Investments: publicly traded securities

    beginning of year $137,091,994 · end of year $147,127,394

  • 12 · Investments: other securities

    beginning of year $79,684,248 · end of year $81,882,010

  • 15 · Other assets

    beginning of year $14,161,406 · end of year $11,971,696

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,257,994 · end of year $14,531,693

  • 19 · Deferred revenue

    beginning of year $1,503,218 · end of year $1,603,325

  • 20 · Tax-exempt bond liabilities

    beginning of year $55,217,403 · end of year $53,331,341

  • 25 · Other liabilities

    beginning of year $12,337,814 · end of year $9,717,873

  • 27 · Net assets without donor restrictions

    beginning of year $70,399,435 · end of year $71,983,371

  • 28 · Net assets with donor restrictions

    beginning of year $211,385,655 · end of year $227,303,328

Mission and programs · 2022

Mission

Founded in 1889, Agnes Scott College is an independent liberal arts college for women whose mission is to educate women to think deeply, live honorably and engage the intellectual and social challenges of their times.

Activities or mission (Part I)

Educating women to think deeply, live honorably & engage the challenges of their times.

  • Student aid encompasses direct financial aid provided by the College to facilitate its students' pursuit of a college education.

    Expenses $28,159,778 · Grants $28,159,778

  • Instruction is provided by full-time faculty and part-time faculty members representing numerous academic departments.

    Expenses $22,613,167 · Revenue $46,999,748

  • Academic support comprises information technology services, registrar, academic advising, faculty services, library, etc. These administrative offices assist the College in its educational mission.

    Expenses $10,210,523 · Revenue $10,520,722

  • All other program services.

    Expenses $20,294,006 · Grants $92,918 · Revenue $965,240

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Leocadia I Zak

    College President, ex-offi

    Total calculated
    $397,079
    From this org
    $318,463
    From related orgs
    $0
    Other
    $78,616
    Hours/week
    40 + 0.4 related

    Schedule J breakdown matched by us

    Base
    $318,463
    Bonus
    $0
    Other
    $0
    Deferred
    $26,491
    Nontaxable benefits
    $52,125
    Filer's total
    $397,079

  • Scott Randazza

    VP Finance & Admin

    Total calculated
    $227,000
    From this org
    $227,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 0.4 related

    Schedule J breakdown matched by us

    Base
    $227,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $227,000

  • Alexa Gaeta

    VP for Enrollment and Dean of Admission and Fin Ai

    Total calculated
    $219,285
    From this org
    $166,022
    From related orgs
    $0
    Other
    $53,263
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,022
    Bonus
    $0
    Other
    $0
    Deferred
    $13,844
    Nontaxable benefits
    $39,419
    Filer's total
    $219,285

  • Yves-Rose Porcena

    Vice President for Equity and Inclusion

    Total calculated
    $212,634
    From this org
    $160,941
    From related orgs
    $0
    Other
    $51,693
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,941
    Bonus
    $0
    Other
    $0
    Deferred
    $13,462
    Nontaxable benefits
    $38,231
    Filer's total
    $212,634

  • Danita Knight

    VP for Communications and

    Total calculated
    $208,237
    From this org
    $184,676
    From related orgs
    $0
    Other
    $23,561
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $184,676
    Bonus
    $0
    Other
    $0
    Deferred
    $14,437
    Nontaxable benefits
    $9,124
    Filer's total
    $208,237

  • Christine Cozzens

    VP for Academic Affairs and Dean of the College

    Total calculated
    $202,987
    From this org
    $188,265
    From related orgs
    $0
    Other
    $14,722
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $188,265
    Bonus
    $0
    Other
    $0
    Deferred
    $14,039
    Nontaxable benefits
    $683
    Filer's total
    $202,987

  • Martha Fessenden

    Interim Vice President for Student Affairs and Dea

    Total calculated
    $180,189
    From this org
    $164,486
    From related orgs
    $0
    Other
    $15,703
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,486
    Bonus
    $0
    Other
    $0
    Deferred
    $13,189
    Nontaxable benefits
    $2,514
    Filer's total
    $180,189

  • Jake Schrum

    Interim VP College Advancement

    Total calculated
    $170,687
    From this org
    $170,687
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,687
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $170,687

  • Lilia Harvey

    Professor of Chemistry

    Total calculated
    $170,008
    From this org
    $150,249
    From related orgs
    $0
    Other
    $19,759
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,249
    Bonus
    $0
    Other
    $0
    Deferred
    $9,849
    Nontaxable benefits
    $9,910
    Filer's total
    $170,008

  • Thomas Will

    Associate Professor/Chair/ Economics

    Total calculated
    $165,380
    From this org
    $133,373
    From related orgs
    $0
    Other
    $32,007
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $133,373
    Bonus
    $0
    Other
    $0
    Deferred
    $8,488
    Nontaxable benefits
    $23,519
    Filer's total
    $165,380

  • Gundolf Graml

    Associate VP for Academic

    Total calculated
    $163,419
    From this org
    $127,579
    From related orgs
    $0
    Other
    $35,840
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $127,579
    Bonus
    $0
    Other
    $0
    Deferred
    $10,821
    Nontaxable benefits
    $25,019
    Filer's total
    $163,419

  • LaNeta Counts

    Associate VP for Technology

    Total calculated
    $161,560
    From this org
    $142,256
    From related orgs
    $0
    Other
    $19,304
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,256
    Bonus
    $0
    Other
    $0
    Deferred
    $10,397
    Nontaxable benefits
    $8,907
    Filer's total
    $161,560

  • David Marder

    Director

    Total calculated
    $159,229
    From this org
    $129,910
    From related orgs
    $0
    Other
    $29,319
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $129,910
    Bonus
    $0
    Other
    $0
    Deferred
    $10,647
    Nontaxable benefits
    $18,672
    Filer's total
    $159,229

  • Lea Ann Hudson

    Secretary/Associate VP

    Total calculated
    $148,230
    From this org
    $120,615
    From related orgs
    $0
    Other
    $27,615
    Hours/week
    40 + 0.4 related

  • Rachel Bowser

    VP for Academic Affairs and Dean of the College

    Total calculated
    $92,196
    From this org
    $86,733
    From related orgs
    $0
    Other
    $5,463
    Hours/week
    40

  • Chicora Martin

    VP for Student Affairs and Dean of Students

    Total calculated
    $31,696
    From this org
    $27,223
    From related orgs
    $0
    Other
    $4,473
    Hours/week
    40

  • Nicole Long

    VP Finance & Admin

    Total calculated
    $0
    Hours/week
    40 + 0.4 related

  • Elizabeth Noe

    Chair

    Total calculated
    $0
    Hours/week
    2 + 0.4 related

  • Loucy Hay

    Vice Chair

    Total calculated
    $0
    Hours/week
    2 + 0.4 related

  • Frank Blake

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Mary Bullock

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Tapaswee Chandele

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Adrian Cronje

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Katie Fahs

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Duriya Farooqui

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Ellen Gaffney

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Lewis Galloway

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Parmeet Grover

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Sandra Gordon

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Anne Kaiser

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Quinton Martin

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Whitney Ott

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Deborah Painter

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • David Ross

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Kathryn Scott

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Charles Shapiro

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Elizabeth Shiroishi

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Joanne Smith

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Elizabeth Stephenson

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Erica Stiff-Coopwood

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Mary Crawford Taylor

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Tawana Ware

    Trustee

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 1a
The College provides a residence for personal and professional use to the President and three of the other officers. The housing is excluded from taxable income under IRS code section 119 and included in column D in Sch J, Part II.
Part II, Line 2
Scott Randazza is compensated by an unrelated organization, Triton Leadership Group, LLC, for services provided to Agnes Scott College as VP Finance & Administration. Compensation in 2022 totaled $227,000.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • Ballykeel Inc

    $92,918

    Agnes Scott solely transfers to Ballykeel the funds to pay the annual lease payment for

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • Avery Properties Inc

    501(c)(3) · Real Estate · GA · controlled entity

    Directly controlled by Agnes Scott College

  • Ballykeel Inc

    501(c)(3) · Holding Co · GA · controlled entity

    Directly controlled by Agnes Scott College

Provenance

Return type
form_990
Tax year
2022
Filed
3 May 2024
IRS schema version
2022v5.0
Source object
202421289349302407

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