. , r 0. OMB No 1545-0047 corm 970 Return of Organization Exempt From Income Tax Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung benefit trust or private foundation) 2003 Department of the Treasury Internal Revenue Service The organization may have to use a copy of this return to satisfy sta A For the 2003 calen ax vear beainnina SEPTEMBER 1 . 2003 . and en D Employer Identification number B Check if applicable Please C Name of organization DAddress change use IRS UNIVERSITY label or EMORY Number end street (or P 0 box d mail is not delivered to street address) I E Telephone number Name change print or Room/Suite type . Initial return See 312 ADMINISTRATION BUILDING Specific ZAP + Q F Accounting method . Final return Instruc- City or town State or country Amended return tions. ATLANTA GA 30322 I DOther (specify) 111111. Application pending 0 Section 501(c)(3) organizations and 4947(a)(1) nonexempt charitable H and I a2 not applicable to section 527 o anrzahons trusts must attach a completed Schedule A (Form 990 or 990-EZ). H(8) Is this e group return for affiliates? Y08 FKNO G Website : //www, emorv.edu H(b) If "Yes ;" enter number of affiliates 1 N/A H(c) Are all affiliates included? n Yes -0-No J Organization type (check only one) 1~X 501(c) ( 3 ) 1 (insert no ) 04947(a)(1) or 527 (If "No;" attach a list See instructions ) K Check here " Off the organization's gross receipts are normally not more than $25,000 The H(d) Is this a separate return filed by an or anization organization need not file a return with the IRS, but if the organization received a Form 990 Package in the mail, covered by a group ruling? ~ Yes 191 No it should file a return without financial data Some states require a complete return . I Group Exemption Number 100 N/A M Check " F-lif the organization is not required L Gross receipts* Add lines 6b 8b 9b and 10b to line 12 . 2 119 281 083 to attach Sch B (Form sso, 990-EZ, or 990-PF) Revenue, Expenses, and Changes in Net Assets or Fund Balances (See page 18 of the instructions .) 1 Contributions, gifts, grants, and similar amounts received : a Direct public support . 1a 111 ,449,546 b Indirect public support . 1b c Government contributions (grants) . 1c 263,207, 152 d Total (add lines 1a through 1c) (cash $ 348,722,953 noncash $ 25,933,745 ) 1 d 374,656 2 Program service revenue including government fees and contracts (from Part VII, line 93) 2 1 ,277,005 3 Membership dues and assessments . 3 4 Interest on savings and temporary cash investments . 4 Z 5 Dividends and interest from securities . 5 84 ,951 6 a Gross rents . 6a . 569, 172 b Less : rental expenses . 6b c Net rental income or (loss) (subtract line 6b from line 6a) . 6c I 565 7 Other investment income (describe t 8 a Gross amount from sales of assets other A Securities e Other than inventory . 359 ,995 ,783 8a (5 ,805 , 191 ) b Less' cost or other basis and sales expenses . 8b c ~n.q~ $§),(~at~h schedule) . 359,995.783 8c (5,805, 191 ) d I~~~mpor~(~6~s) (combine line 8c, columns (A) and (B)) . 8d I 354,190 9 pedal events and activities (attach schedule) If any amount is from gaming, check here ~ . G~q~¢ r~1 egu~~ including $ - of 00 c nfriDu ions reported on ine 1 a) . 9a e ss - direct expenses ofh Dr than fundraising expenses . 9b c ~~ ~~r (Iss)~from special events (subtract line 9b from line 9a) 9c ve , ass returns and allowances . 10a j b Less: cost of goods sold . 10b // c Gross profit or (loss) from sales of inventory (attach schedule) (subtract line 10b from line 10a) 10c 11 Other revenue (from Part VII, line 103) . 11 27 ,907,976 12 Total revenue add lines 1 d 2 3 4 5 , 6c, 7, 8d, 9c, 10c, and 11) 12 2, 119 ,281 ,083 13 Program services (from line 44, column (B)) . 13 1 ,731 615,731 14 Management and general (from line 44, column (C)) . 14 58 ,362,616 d 15 Fundraising (from line 44, column (D)) . 15 17,709,799 16 Payments to affiliates (attach schedule) . 16 17 Total expenses add lines 16 and 44 column A 17 1 ,807,688,146 18 Excess or (deficit) for the year (subtract line 17 from line 12) . 18 311 ,592,937 19 Net assets or fund balances at beginning of year (from line 73, column (A)) 19 4,872, 177 ,320 20 Other changes in net assets or fund balances (attach explanation) . 20 (28,385 ,725) 21 Net assets or fund balances at end of ear combine lines 18 19 and 20 21 5,155, 384,532 For Paperwork Reduction Act Notice, see the separate instructions . Form 990 (2003) (HTA) v\ _. Form 990 2003 EMORY UNIVERSITY 58-0566256 Page 2 Statement of All organizations must complete column (A) Columns (B), (C), and (D) are required for section 501(c)(3) and (4) organizations Functional Ex penses and section 4947(a)(1) nonexempt chantable trusts but optional for others (See page 22 of the instructions ) DO not include amounts reported on line (B) Program (C) Management (A) Total (D) Fundraising 66 8b 9b 106 0r 16 of Part/. services and general 22 Grants and allocations (attach schedule) (cash $ 89,835,413 noncash $ NONE ) 22 23 Specific assistance to individuals (attach schedule) . 23 24 Benefits paid to or for members (attach schedule) . 24 25 Compensation of officers, directors, etc . 25 26 Other salaries and wages . 26 27 Pension plan contributions . 27 28 Other employee benefits . 28 29 Payroll taxes . 29 30 Professional fundraising fees . 30 31 Accounting fees . 31 32 Legal fees . 32 33 Supplies . 33 34 Telephone . 34 35 Postage and shipping . 35 36 Occupancy . 36 37 Equipment rental and maintenance . 37 38 Printing and publications . 38 39 Travel . 39 40 Conferences, conventions, and meetings . 40 41 Interest . 41 42 Depreciation, depletion, etc. (attach schedule) . 42 43 Other expenses not covered above (itemize) . a . 43a b 43b c SEE ATTACHED FOR ALL EXPENSE DETAIL 43c 1 ,807 ,688, 146 1 , 731 ,615,731 5-8-3-6-2-6-16- 17 709 799 d -------------------------------------------------------- 43d e 43e f 43f 44 Total functional expenses (add lines 22 through 43) Organizations completing columns (e)-(o), carry these totals to lines 13-5 . 44 1 807 688 146 1 731 615 731 58,362 ,6161 17,709,799 Joint Costs. Check " Elf you are following SOP 98-2 . N/A Are any joint costs from a combined educational campaign and fundraising solicitation reported in (B) Program services? 0- [:]Yes E:]No If "Yes," enter (i) the aggregate amount of these joint costs $ ; (ii) the amount allocated to Program services $ Iii the amount allocated to Mana gement and general $ and iv the amount allocated to Fundraising $ Statement of Program Service Accomplishments (See page 25 of the instructions .) Program service What is the organization's primary exempt purpose? " ----------------------------------------------------------EDUCATION Expenses Required roe so1(c)(a) and All organizations must describe their exempt purpose achievements in a clear and concise manner . State the number (4) ores , end 4947(a)(1) of clients served, publications issued, etc Discuss achievements that are not measurable (Section 501(c)(3) and (4) trusts, but optional for organizations and 4947(a)(1) nonexempt charitable trusts must also enter the amount of grants and allocations to others ) others) a EMORY UNIVERSITY - SEE ATTACHED ----------------------------------------------------------------------------------------------------------- Grants and allocations 89,835 ,413 ) 520 295 762 b EMORY UNIVERSITY---------------------------------------------------------------------------------------------- HOSPITAL - SEE ATTACHED ----------------------------------------------------------------------------------------------------------- Grants and allocations NONE 422,950,236 c EMORY CRAWFORD LONG HOSPITAL - SEE ATTACHED ----------------------------------------------------------------------------------------------------------- Grants and allocations NONE 319 ,794,262 d RESEARCH ---SEE -ATTACHED ----_--------------------___-__--_------ ----_------------------- Grants and allocations -$ NONE) 275 , 129 ,653 e Other program services (attach schedule) Grants and allocations $ NONE 193 ,445,818 f Total of Program Service Expenses (should equal line 44, column (B), Program services) . " 1,731,615,731 Form 990 (2003) Form 990 (2003) EMORY UNIVERSITY 58-0566256 Page 3 MralM Balance Sheets (See page 25 of the instructions .) Note: Where required, attached schedules and amounts within the descnpbon (A) (B) column should be for end-of-year amounts only. Beginning of year End of year 45 Cash-non-interest-bearing . (3, 140,350) 45 36,330,586 46 Savings and temporary cash investments . 166,839,822 46 120,860,977 47 a Accounts receivable . 47a 156,661 , 112 b Less: allowance for doubtful accounts . 47b 21,410,070 134,029,837 47c 1 135,251,042 48 a Pledges receivable . 48a 47, 398,506 b Less: allowance for doubtful accounts . 48b 3,437,730 93,615 963 48c 43,960,776 49 Grants receivable . 8,886,294 49 4,067,380 50 Receivables from officers, directors, trustees, and key employees (attach schedule) . 50 51 a Other notes and loans receivable (attach °' schedule) . 51a 184,851 ,421 // b Less: allowance for doubtful accounts . 51b 11 ,964,580 185 ,007,965 51c 172,886,841 52 Inventories for sale or use . 4,628,961 52 5, 795,859 53 Prepaid expenses and deferred charges . 69 ,64 3 105 53 73, 145,759 54 Investments-securities (attach schedule) . "ElCost .OX FMV 3,582 ,509, 167 54 3,618, 918,282 55 a Investments-land, buildings, and equipment: basis . 55a b Less. accumulated depreciation (attach // schedule) . 55b 55c 56 Investments-other (attach schedule) .