2024-04-01T14:20:09-05:00 2023-05-31 410746749 CLIFTONLARSONALLEN LLP 420 SOUTH ORANGE AVENUE SUITE 900 ORLANDO FL 32801 990 2022-06-01 590624401 FLORIDA SOUTHERN COLLEGE FLOR 8636804148 111 LAKE HOLLINGSWORTH DR LAKELAND FL 338015607 V TERRY DENNIS VP FINANCE & ADMINISTRATION 8636804148 2024-04-01 1 V TERRY DENNIS 999009999 0 TINA HENTON P00630282 4078021200 2024-04-01 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z DR ANNE B KERR 111 LAKE HOLLINGSWORTH DR LAKELAND FL 338015607 275342224 0 X WWW.FLSOUTHERN.EDU X 1885 FL PRIVATE UNITED METHODIST AFFILIATED COLLEGE THAT IS COMMITTED TO EDUCATIONAL EXCELLENCE. 36 35 1647 207 23160 0 17312837 15877888 136857593 142980086 1506809 4042339 2970411 1867152 158647650 164767465 59262314 60898675 0 0 44254578 48511583 0 0 1543511 50091115 54797005 153608007 164207263 5039643 560202 312839193 308595580 54161571 50625192 258677622 257970388 X FLORIDA SOUTHERN COLLEGE (FLORIDA SOUTHERN OR THE COLLEGE) IS COMMITTED TO EDUCATIONAL EXCELLENCE AND IS A SELECTIVE COMPREHENSIVE, PRIVATE, UNITED METHODIST AFFILIATED COLLEGE WITH A STRONG LIBERAL ARTS CORE AND SIGNATURE PROGRAMS. (SEE SCHEDULE O.)THE COLLEGE ENROLLS A TALENTED STUDENT BODY AND INCLUDES AN ACCOMPLISHED FACULTY WHO ARE DEDICATED TO TEACHING EXCELLENCE. OUTSTANDING OPPORTUNITIES FOR ENGAGED LEARNING, STUDENT-FACULTY COLLABORATIVE RESEARCH AND PERFORMANCE, SERVICE LEARNING, STUDY ABROAD, AND HONORS STUDY ARE DISTINCTIVE FEATURES OF THE ACADEMIC PROGRAM AT FLORIDA SOUTHERN. THE COLLEGE OFFERS EXCEPTIONAL STUDENT LIFE PROGRAMS, INCLUDING A CHAMPIONSHIP ATHLETIC PROGRAM. 0 0 143208933 60898675 142980086 FLORIDA SOUTHERN COLLEGE IS A PRIVATE, COMPREHENSIVE COLLEGE DEDICATED TO TEACHING EXCELLENCE IN 60 PROGRAMS OF STUDY FOR UNDERGRADUATE STUDENTS. THE COLLEGE OFFERS 16 MASTER DEGREE PROGRAMS IN BUSINESS, EDUCATION, NURSING AND PSYCHOLOGY, ALONG WITH FOUR DOCTORATE PROGRAMS IN EDUCATION, NURSING AND PHYSICAL THERAPY. THE COLLEGE IS ACCREDITED BY THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS COMMISSION ON COLLEGES. THE COLLEGE'S 2022 ENTERING FRESHMAN CLASS OF 752 HAD THE HIGHEST ACT SCORE OF AN ENTERING CLASS. THE COLLEGE'S 2,607 FULL-TIME TRADITIONAL UNDERGRADUATE STUDENTS COME FROM 46 STATES AND 58 COUNTRIES AND TERRITORIES, WITH 86% OF THEM RESIDING IN CAMPUS HOUSING. MORE THAN 99% RECEIVE SOME FORM OF FINANCIAL ASSISTANCE, INCLUDING 26% WHO RECEIVE PELL GRANTS. (SEE SCHEDULE O.) FLORIDA SOUTHERN IS NATIONALLY RECOGNIZED FOR EXCELLENCE IN EXPERIENTIAL EDUCATION. OUR ENGAGED LEARNING PEDAGOGY CHALLENGES STUDENTS TO DEEPEN THEIR LEARNING AND EXPLORE THEIR POTENTIAL. WE ARE PROUD TO PROVIDE STUDENTS WITH OPPORTUNITIES TO APPLY THEIR LEARNING THROUGH STUDENT-FACULTY COLLABORATIVE RESEARCH, STUDENT MUSICAL PERFORMANCES, SERVICE LEARNING, CIVIC ENGAGEMENT, INTERNSHIPS, AND STUDY-ABROAD OPPORTUNITIES. STUDENTS ARE TAUGHT BY DYNAMIC PROFESSORS, INCLUDING 163 FULL-TIME FACULTY THAT RESULTS IN A 14:1 STUDENT-FACULTY RATIO. THE FACULTY HAVE OUTSTANDING CREDENTIALS, WITH 87% WHO HAVE EARNED THEIR TERMINAL DEGREE IN THEIR FIELD OF EXPERTISE. FLORIDA SOUTHERN ALSO EMPHASIZES WHOLE-STUDENT DEVELOPMENT AND HAS A VIBRANT EXTRA-CURRICULAR AGENDA THAT SUPPORTS BOTH CLASSROOM AND OUT-OF-CLASSROOM PERSONAL GROWTH EXPERIENCES. A WELL-TRAINED STAFF OF PROFESSIONALS LEAD THESE ACTIVITIES THAT FOSTER NOT ONLY ACADEMIC, BUT ALSO PHYSICAL, SPIRITUAL, AND SOCIAL DEVELOPMENT. FLORIDA SOUTHERN CONTINUES TO EARN RECOGNITION AS ONE OF THE NATION'S BEST SMALL PRIVATE COLLEGES AND IS CONSISTENTLY INCLUDED IN GUIDEBOOKS SUCH AS THE PRINCETON REVIEW'S BEST COLLEGES, U.S. NEWS & WORLD REPORT, AND COLLEGES OF DISTINCTION. THE FISKE GUIDE TO COLLEGES ALSO INCLUDES FSC AMONG THE "BEST AND MOST INTERESTING" SCHOOLS IN THE U.S. PUBLICATIONS SUCH AS BLOOMBERG BUSINESSWEEK AND THE BUSINESS RESEARCH GUIDE TOUT FSC'S BARNEY BARNETT SCHOOL OF BUSINESS AND FREE ENTERPRISE AS ONE OF THE "BEST UNDERGRADUATE BUSINESS PROGRAMS AND "MOST INNOVATIVE SMALL COLLEGE BUSINESS DEPARTMENTS" IN THE NATION. THE BARNETT SCHOOL IS ALSO AACSB ACCREDITED AND INCLUDED IN THE PRINCETON REVIEWS "BEST ON-CAMPUS M.B.A SCHOOLS" LIST AND IS LISTED AMONG THE "TOP UNDERGRADUATE SCHOOLS FOR BUSINESS IN THE NATION" BY POETS & QUANTS. THE VALUE FLORIDA SOUTHERN PROVIDES ITS STUDENTS IS ALSO WIDELY RECOGNIZED: U.S. NEWS INCLUDES FLORIDA SOUTHERN ON ITS "BEST BUY" LIST, AND WASHINGTON MONTHLY TOUTS FLORIDA SOUTHERN AS AN INSTITUTION WHERE YOU'LL GET THE "BEST BANG FOR YOUR BUCK." THE PRINCETON REVIEW AGAIN RECOGNIZED FSC FOR ITS CAMPUS BEAUTY AND EXCEPTIONAL ARCHICTURAL HERITAGE BY BEING RANKED ONE OF THE TOP TEN MOST BEAUTIFUL CAMPUSES, THE TWELFTH CONSECUTIVE YEAR THAT FSC HAS BEEN INCLUDED IN THIS CATEGORY. THE COLLEGE'S 120 ACRE CAMPUS INCLUDES ACADEMIC BUILDINGS, RESIDENCE HALLS, ATHLETIC FACILITIES, STUDENT LIFE ACTIVITY SPACES, ADMINISTRATIVE OFFICES, AND STUDENT SUPPORT LEARNING SPACES, A PERFORMING ARTS CENTER, OTHER AUDITORIA FOR BOTH MUSICAL AND ALL-COLLEGE PROGRAMS, CHAPELS FOR CAMPUS MINISTRIES, AND MAINTENANCE AND WORKSHOP FACILITIES. THE COLLEGE OWNS AND OPERATES SEVERAL NEARBY APARTMENT COMPLEXES FOR STUDENT HOUSING. 143208933 1 1 0 0 0 0 0 1 1 1 1 0 0 0 1 1 0 1 1 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 1 1 0 0 1 0 0 0 0 1 1 1 0 0 1 175 0 1 1647 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 36 35 1 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 FL X V TERRY DENNIS 8636804148 111 LAKE HOLLINGSWORTH DR LAKELAND FL 338015607 ROBERT L FRYER JR CHAIRMAN 10.00 0.00 X X 0 0 0 RICHARD T FULTON VICE CHAIRMAN 1.00 0.00 X X 0 0 0 ROBERT E PUTERBAUGH SECRETARY 5.00 0.00 X X 0 0 0 WILLIAM E CRENSHAW TREASURER 1.00 0.00 X X 0 0 0 J STEPHEN BUCK ASSISTANT SECRETARY 1.00 0.00 X X 0 0 0 DAVID J ADAMS TRUSTEE 1.00 0.00 X 0 0 0 HOYT R BARNETT TRUSTEE (THRU 5/1/2023) 1.00 0.00 X 0 0 0 KEITH R BEREND TRUSTEE 1.00 0.00 X 0 0 0 BISHOP THOMAS M BERLIN TRUSTEE 1.00 0.00 X 0 0 0 KEVIN F BROWNE JR TRUSTEE 1.00 0.00 X 0 0 0 BISHOP KENNETH H CARTER TRUSTEE (THRU 5/1/2023) 1.00 0.00 X 0 0 0 SONJI CONEY TRUSTEE 1.00 0.00 X 0 0 0 WILLIAM D DROST TRUSTEE 1.00 0.00 X 0 0 0 BISHOP ROBERT E FANNIN TRUSTEE 1.00 0.00 X 0 0 0 ALFONSO GARCIA III TRUSTEE 1.00 0.00 X 0 0 0 ANN H HANSEN TRUSTEE 1.00 0.00 X 0 0 0 JACK R HARRELL III TRUSTEE 1.00 0.00 X 0 0 0 ROGER W HOLLER III TRUSTEE 1.00 0.00 X 0 0 0 RICHARD C JENSEN TRUSTEE 1.00 0.00 X 0 0 0 STANLEY Y LITTLE TRUSTEE 1.00 0.00 X 0 0 0 BERNARD L LITTLE JR TRUSTEE 1.00 0.00 X 0 0 0 COURTNEY B MAKRIS TRUSTEE 1.00 0.00 X 0 0 0 SARAH D MCKAY TRUSTEE 1.00 0.00 X 0 0 0 DOMINGO R MOREIRA TRUSTEE 1.00 0.00 X 0 0 0 H WILLIAM MUTZ TRUSTEE 1.00 0.00 X 0 0 0 MARK A PITTS TRUSTEE 1.00 0.00 X 0 0 0 WILLIAM K POU JR TRUSTEE 1.00 0.00 X 0 0 0 CHARLES L REYNOLDS JR TRUSTEE (THRU 5/1/2023) 1.00 0.00 X 0 0 0 MARJORIE H ROBERTS TRUSTEE 1.00 0.00 X 0 0 0 SUSAN E ROBERTS TRUSTEE 1.00 0.00 X 0 0 0 J JASON RODDA TRUSTEE 1.00 0.00 X 0 0 0 DAVID E ROGERS TRUSTEE 1.00 0.00 X 0 0 0 GEORGE W ROGERS TRUSTEE 1.00 0.00 X 0 0 0 ARTHUR J ROWBOTHAM TRUSTEE (THRU 5/1/2023) 1.00 0.00 X 0 0 0 CAROLINE H SCHICHTEL TRUSTEE 1.00 0.00 X 0 0 0 ROBERT R SHARP TRUSTEE 1.00 0.00 X 0 0 0 EVETT L SIMMONS TRUSTEE 1.00 0.00 X 0 0 0 LARRY E STAHL TRUSTEE 1.00 0.00 X 0 0 0 W SCOTT THORNTON TRUSTEE 1.00 0.00 X 0 0 0 ROBERT S TRINKLE TRUSTEE (THRU 5/1/2023) 1.00 0.00 X 0 0 0 ALICE M WILLIAMS TRUSTEE 1.00 0.00 X 0 0 0 ANNE B KERR PRESIDENT 40.00 2.00 X 491193 0 47798 V TERRY DENNIS VP OF FINANCE & ADMINISTRATION 40.00 2.00 X 330351 0 43155 JOHN P GRUNDIG VP OF ENROLLMENT MANAGEMENT 40.00 0.00 X 277469 0 56586 BRAD HOLLINGSHEAD PROVOST 40.00 0.00 X 237488 0 52513 HEATHER PHARRIS VP OF DEVELOPMENT 40.00 0.00 X 210877 0 48806 SUSAN FREEMAN VP OF STUDENT LIFE 40.00 0.00 X 150374 0 24821 J MICHAEL WEBER DEAN OF BUSINESS 40.00 0.00 X 242400 0 34907 KRISTA LEWELLYN MBA PROGRAM DIRECTOR 40.00 0.00 X 224625 0 21180 LINDA S COMER DEAN OF NURSING 40.00 0.00 X 191900 0 26428 WILLIAM QUILLIAM PROFESSOR 40.00 0.00 X 191860 0 15102 NANCY A NUZZO DEAN OF SCHOOL OF PHYSICAL THERAPY 40.00 0.00 X 180936 0 12995 2729473 0 384291 66 0 1 0 GUEST SERVICES INC PO BOX 742707 ATLANTA GA 30374 CAFETERIA MANAGEMENT 6947638 RODDA CONSTRUCTION INC 250 EAST HIGHLAND DRIVE LAKELAND FL 33813 CONSTRUCTION SERVICES 3507131 DELL FINANCIAL SERVICES PO BOX 5292 CAROL STREAM IL 60197 CONTRACTOR 1037222 Q & Q INC PO BOX 1647 EATON PARK FL 33840 CONTRACTOR 967164 TRILOGY LEASING CO LLC 150 NORTH FIELD DRIVE SUITE 193 CHICAGO IL 60680 CONTRACTOR 685374 60 140842 241794 276354 15218898 3133867 15877888 TUITION & FEES 611310 115940176 115940176 DORMITORY & FOOD SERVICE 611310 25307694 25307694 AUXILIARY SERVICES 611310 1497077 1497077 RENTAL TO STUDENTS/FACULTY 531120 198216 198216 OTHER STUDENT FEES 611310 36923 36923 142980086 3215372 3215372 110087265 1121060 110326642 54716 -239377 1066344 826967 826967 94855 140842 115376 -20521 -20521 251013 78025 172988 172988 STUDENT INSURANCE PREMIUMS 524292 548328 548328 EVENT ADMISSION 900099 185495 185495 LESSONS/MEMBERSHIPS 900099 23160 23160 957702 957702 1714685 164767465 142980086 23160 5886331 60898675 60898675 1969080 276397 1298840 393843 37219194 32575330 4112464 531400 2311065 2097919 213146 4368497 3535817 678574 154106 2643747 2301897 282418 59432 62995 62995 180888 180888 66770 66770 6579164 6083563 465792 29809 1933655 1453415 480240 3537640 1956490 1501919 79231 8006902 6336121 1666613 4168 1174777 1156799 15475 2503 1290636 39771 1250865 9295747 8438104 857643 3979022 196760 3782262 FOOD EXPENSE 6893942 6893942 PROGRAM EXPENSES 6519853 6214003 285653 20197 EQUIPMENT RENTAL 2137473 821153 1301962 14358 DUES AND SUBSCRIPTIONS 566110 6816 458556 100738 2571431 1925961 491744 153726 164207263 143208933 19454819 1543511 7775420 3904930 17493015 18002359 17751692 16409669 2730363 3824361 1210622 1043539 100083 79955 1215048 1160051 299220418 134161796 165574209 165058622 90664443 89767462 8324298 9344632 312839193 308595580 7646993 8375814 2757382 2937331 31030000 0 88885 73390 4837981 32998215 2549016 0 5251314 6240442 54161571 50625192 X 142976232 146219545 115701390 111750843 258677622 257970388 312839193 308595580 X 560202 -1704104 436668 X 0 1 X 1 1 1 X 9519288 13794203 24878838 17312837 15877888 81383054 9519288 13794203 24878838 17312837 15877888 81383054 14990267 66392787 2553494 2327259 1527428 1593306 3215372 11216859 4609214 4002115 2738989 3084021 2037393 16471732 109071645 643660836 0.60870 0.60720 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING - 2018 AMOUNT: $ 92,252. 2019 AMOUNT: $ 65,684. 2020 AMOUNT: $ 108,085. 2021 AMOUNT: $ 96,516. 2022 AMOUNT: $ 94,855. SALES OF INVENTORY - 2018 AMOUNT: $ 167,713. 2019 AMOUNT: $ 147,523. 2020 AMOUNT: $ 4,407. 2021 AMOUNT: $ 148,278. 2022 AMOUNT: $ 251,013. STUDENT INSURANCE - 2018 AMOUNT: $ 465,705. 2019 AMOUNT: $ 453,865. 2020 AMOUNT: $ 499,105. 2021 AMOUNT: $ 528,290. 2022 AMOUNT: $ 548,328. OTHER REVENUE - 2018 AMOUNT: $ 3,883,544. 2019 AMOUNT: $ 3,335,043. 2020 AMOUNT: $ 2,127,392. 2021 AMOUNT: $ 2,310,937. 2022 AMOUNT: $ 1,143,197. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 339282 0 0 X X X X 0 0 1 X 103929053 6813624 5970714 11800816 104912575 108088885 4855167 3689640 12704639 103929053 91481221 8290657 20692985 12375978 108088885 91544690 3981711 6242207 10287387 91481221 91372019 3329095 3386181 6542605 91544690 0.13745 0.54563 0.31692 0 1 1 147083 11311139 11458222 191240758 67761050 123479708 48182790 28150257 20032533 40806453 34677531 6128922 7532195 3572958 3959237 165058622 POST RETIREMENT BENEFIT OBLIGATION 1916885 CHARITABLE GIFT ANNUITY OBLIGATION 1124324 DEPOSITS 735439 ADVANCES FED AGENCY-STUDENT LOANS 487576 INTEREST PAYABLE 237161 GIFT CARDS 684 ROU LIABILITY - FINANCE 611881 ROU LIABILITY - OPERATING 1126492 6240442 X PART III, LINE 4: THE COLLEGE'S COLLECTION REPRESENTS AN ACCRETION OF GIFTS ACROSS MANY DECADES WITH THE OLDEST WORK DATING FROM THE LATE 16TH CENTURY. THE COLLEGE HAS MANY 18TH AND 19TH CENTURY WORKS, HOWEVER THE MAJORITY OF THE COLLECTION CONSISTS OF WORKS FROM THE 20TH AND NOW THE 21ST CENTURIES. THE COLLEGE'S USE OF THE COLLECTION INCLUDES TEACHING AND AESTHETIC EDUCATIONAL DISPLAY. THE COLLECTION SUPPORTS THE MISSION OF THE DEPARTMENT OF ART AND ART HISTORY AND COMPLEMENTS THE AFFILIATION WITH POLK MUSEUM OF ART. THE COLLEGE'S CAMPUS CONTAINS THE LARGEST SINGLE SITE COLLECTION OF FRANK LLOYD WRIGHT STRUCTURES IN THE WORLD AND IS THE ONLY COLLEGE CAMPUS DESIGNED BY THE MASTER ARCHITECT. THE WRIGHT-DESIGNED BUILDINGS ON THE COLLEGE'S CAMPUS HAVE BEEN DESIGNATED AS A NATIONAL HISTORIC LANDMARK AND INCLUDED ON THE WORLD MONUMENT FUND'S LIST OF 100 MOST ENDANGERED SITES IN THE WORLD. THE INTERNATIONAL IMPORTANCE OF THE COLLEGE'S WRIGHT ARCHITECTURE AND PRESERVATION EFFORTS HAS RESULTED IN A NUMBER OF GRANTS TO ASSIST IN THESE EFFORTS. PART IV, LINE 2B: THE COLLEGE HOLDS AGENCY FUNDS AND ADMINISTERS THE FUNDS FOR VARIOUS CAMPUS GROUPS. PART V, LINE 4: THE COLLEGE'S ENDOWMENT FUNDS ARE MAINTAINED TO PROVIDE A PREDICTABLE STREAM OF INCOME TO FUND PROGRAMS THAT ARE SUPPORTED BY THE ENDOWMENT. PART X, LINE 2: THE COLLEGE ADOPTED GUIDANCE ISSUED BY FASB WITH RESPECT TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AS OF JANUARY 1, 2007. A TAX POSITION IS RECOGNIZED AS A BENEFIT ONLY IF IT IS "MORE LIKELY THAN NOT" THAT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF THE TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE "MORE LIKELY THAN NOT" TEST, NO TAX BENEFIT IS RECORDED. THE ADOPTION HAD NO EFFECT ON THE COLLEGE'S FINANCIAL STATEMENTS. THE COLLEGE IS NO LONGER SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR YEARS BEFORE MAY 31, 2008. THE COLLEGE DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFIT TO SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. THE COLLEGE RECOGNIZES INTEREST AND/OR PENALTIES RELATED TO INCOME TAX MATTERS IN INCOME TAX EXPENSE. THE COLLEGE DID NOT HAVE ANY AMOUNT ACCRUED FOR INTEREST AND PENALTIES AT MAY 31, 2023. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE COLLEGE'S NON-DISCRIMINATORY POLICY HAS BEEN PUBLISHED ONLINE ON THE SCHOOL'S WEBSITE AND IN THE COLLEGE CATALOG. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES FINANCIAL AID FROM FEDERAL AND STATE GOVERNMENTAL AGENCIES. CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGAM SERVICES STUDY ABROAD 188742 SOUTH ASIA 0 0 PROGAM SERVICES STUDY ABROAD 64218 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGAM SERVICES STUDY ABROAD 1488513 SUB-SAHARAN AFRICA 0 0 PROGAM SERVICES STUDY ABROAD 90034 NORTH AMERICA 0 0 PROGAM SERVICES STUDY ABROAD 151288 0 0 0 0 0 0 1982795 0 1982795 0 0 0 0 0 0 PART III ACCOUNTING METHOD: POP SIKES 81636 44736 36900 31350 2500 BLADE & BLU 55785 37885 17900 5750 16979 8721 2 98276 58221 40055 7400 34500 8176 235697 140842 94855 13150 82829 19397 115376 -20521 1 TUITION DISCOUNTS/CREDITS 3283 55051664 0 N/A N/A SCHOLARSHIPS & FELLOWSHIPS 755 3808129 0 N/A N/A GRADUATE STIPENDS 6 55391 0 N/A N/A FACULTY DISCOUNTS 67 1983491 0 N/A N/A PART I, LINE 2: GRANTS ARE APPLIED DIRECTLY TO STUDENT ACCOUNTS. THE COLLEGE MONITORS STUDENT TUITION ACCOUNTS FOR ANY STUDENT WHO RECEIVED A SCHOLARSHIP OR TUITION CREDIT. THE BURSAR'S OFFICE AND THE FINANCIAL AID OFFICE ENSURE THAT STUDENTS WHO RECEIVE SCHOLARSHIPS OR TUITION CREDITS MAINTAIN FULL-TIME OR PART-TIME STUDENT STATUS AND MEET ALL OTHER REQUIREMENTS, AS REQUIRED BY THE AWARDED SCHOLARSHIP, SO THAT THE FUNDS ARE USED FOR THEIR INTENDED PURPOSE. X 1 1 X X X 0 0 0 0 0 0 0 0 0 ANNE B KERR PRESIDENT 440840 0 0 0 50353 0 29000 0 18798 0 538991 0 0 0 V TERRY DENNIS VP OF FINANCE & ADMINISTRATION 330351 0 0 0 0 0 30500 0 12655 0 373506 0 0 0 JOHN P GRUNDIG VP OF ENROLLMENT MANAGEMENT 277469 0 0 0 0 0 27692 0 28894 0 334055 0 0 0 BRAD HOLLINGSHEAD PROVOST 237488 0 0 0 0 0 23700 0 28813 0 290001 0 0 0 J MICHAEL WEBER DEAN OF BUSINESS 242400 0 0 0 0 0 16968 0 17939 0 277307 0 0 0 HEATHER PHARRIS VP OF DEVELOPMENT 210877 0 0 0 0 0 21043 0 27763 0 259683 0 0 0 KRISTA LEWELLYN MBA PROGRAM DIRECTOR 224625 0 0 0 0 0 10921 0 10259 0 245805 0 0 0 LINDA S COMER DEAN OF NURSING 191900 0 0 0 0 0 15865 0 10563 0 218328 0 0 0 WILLIAM QUILLIAM PROFESSOR 191860 0 0 0 0 0 14719 0 383 0 206962 0 0 0 NANCY A NUZZO DEAN OF SCHOOL OF PHYSICAL THERAPY 180936 0 0 0 0 0 12666 0 329 0 193931 0 0 0 SUSAN FREEMAN VP OF STUDENT LIFE 150374 0 0 0 0 0 14562 0 10259 0 175195 0 0 0 PART I, LINE 1A THE COLLEGE PROVIDED A HOUSING ALLOWANCE TO THE PRESIDENT DURING THE TAX YEAR THAT WAS INCLUDED IN HER TAXABLE COMPENSATION. TUITION REMISSION OFFICERS/DIRECTORS 85722 TUITION REMISSION TUITION REMISSION RODDA CONSTRUCTION TRUSTEE 4019135 CONSTRUCTION. 0 FORM 990, SCHEDULE L, PART IV: THE ABOVE BUSINESS TRANSACTION INVOLVING AN INTERESTED PERSON IS PROVIDED TO THE ORGANIZATION AT OR BELOW FAIR VALUE AND IS IN THE NORMAL COURSE OF BUSINESS. ALL DECISIONS TO ENTER INTO THIS TRANSACTION WERE REVIEWED IN ACCORDANCE WITH OUR CONFLICT OF INTEREST POLICY AND THE INTERESTED PERSON WAS EXCLUDED FROM THE DECISION MAKING PROCESS. X 7 2118200 MARKET VALUE X 1 1000000 MARKET VALUE X 1 15643 APPRAISED VALUE X VARIOUS ITEMS 20 24 DONOR VALUE 0 0 1 0 PART I, COLUMN (B): THE COLLEGE REPORTS THE NUMBER OF CONTRIBUTORS ON PART I, COLUMN B. FORM 990, PART VI, SECTION A, LINE 2 STEVE BUCK AND SARAH MCKAY - FAMILY RELATIONSHIP FORM 990, PART VI, SECTION A, LINE 6 FLORIDA SOUTHERN COLLEGE HAS ONE MEMBER, WHICH IS THE FLORIDA CONFERENCE OF THE UNITED METHODIST CHURCH. FORM 990, PART VI, SECTION A, LINE 7A THE SOLE MEMBER, FLORIDA CONFERENCE OF THE UNITED METHODIST CHURCH ELECTS UP TO 37 TRUSTEES FOR A TERM OF THREE YEARS EACH. THREE POSITIONS ON THE BOARD ARE HELD BY INDIVIDUALS BASED ON THEIR POSITIONS WITH OTHER ORGANIZATIONS. THE BISHOP AND LAY LEADER OF THE FLORIDA CONFERENCE OF THE UNITED METHODIST CHURCH ARE MEMBERS OF THE COLLEGE'S BOARD. THE PRESIDENT OF THE COLLEGE'S ALUMNI ASSOCIATION IS A MEMBER OF THE BOARD BASED ON SUCH A POSITION. FORM 990, PART VI, SECTION A, LINE 7B ANY AMENDMENT TO THE COLLEGE'S CHARTER MUST BE APPROVED BY THE FLORIDA CONFERENCE OF THE UNITED METHODIST CHURCH. FORM 990, PART VI, SECTION B, LINE 11B THE COLLEGE'S FINANCE TEAM PREPARED THE SUPPORTING DOCUMENTATION FOR THE FORM 990 FOLLOWING THE ANNUAL AUDIT OF THE FINANCIAL STATEMENTS. THE FORM 990 IS PREPARED BY AN INDEPENDENT PUBLIC ACCOUNTING FIRM. THE FINANCE TEAM LEAD BY THE VP OF FINANCE & ADMINISTRATION CONDUCTED A THOROUGH DETAILED REVIEW OF THE DRAFT FORM 990 AND ADDRESSED ANY QUESTIONS WITH THE ACCOUNTING FIRM. THE COLLEGE'S AUDIT COMMITTEE WAS PROVIDED THE DRAFT FORM 990 THAT WAS PRESENTED BY THE ACCOUNTING FIRM. THE AUDIT COMMITTEE HAD THE OPPORTUNITY TO ASK QUESTIONS AND PROVIDE CHANGES. FOLLOWING THE AUDIT COMMITTEE'S REVIEW, THE REVISED PUBLIC INSPECTION COPY OF THE FORM 990 WAS DISTRIBUTED TO EACH MEMBER OF THE BOARD BEFORE IT WAS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, LINE 11A IS NOT ANSWERED YES SOLELY ON THE BASIS THAT THE DONOR INFORMATION WAS REDACTED FROM SCHEDULE B TO PROTECT DONOR PRIVACY. FORM 990, PART VI, SECTION B, LINE 12C PRIOR TO TAKING A POSITION ON THE BOARD, EACH MEMBER MUST SUBMIT IN WRITING TO THE PRESIDENT AND CHAIRMAN OF THE BOARD A LIST OF ALL BUSINESSES OR OTHER ORGANIZATIONS THAT MAY CAUSE CONFLICTS OF INTEREST. EACH WRITTEN STATEMENT IS RESUBMITTED WITH ANY NECESSARY CHANGES EACH YEAR. IN CONJUNCTION WITH A SIGNED CONFLICT OF INTEREST QUESTIONNAIRE, THE AUDIT COMMITTEE REVIEWS THE CONFLICT OF INTEREST STATEMENTS OF ALL BOARD MEMBERS, AND ANY POTENTIAL CONFLICTS ARE EXPLORED THOROUGHLY. THE AUDIT COMMITTEE ALSO REVIEWS THE CONFLICT OF INTEREST STATEMENTS FILED BY THE PRESIDENT AND THE OFFICERS AND KEY EMPLOYEES OF THE COLLEGE. IF ANY CONFLICTS OF INTEREST EXIST, THE AFFECTED BOARD MEMBER SHALL MAKE KNOWN THE POTENTIAL CONFLICT AND SHALL WITHDRAW FROM THE MEETING FOR SO LONG AS THE MATTER SHALL CONTINUE UNDER DISCUSSION. SHOULD THE MATTER BE BROUGHT TO A VOTE, THE AFFECTED BOARD MEMBER SHALL ABSTAIN FROM VOTING. DURING THE COURSE OF THE YEAR, TRANSACTIONS ARE REVIEWED BY THE FINANCE STAFF AND ALL CONTRACTS ARE REVIEWED BY THE VP OF FINANCE & ADMINISTRATION. POTENTIAL CONFLICTS REQUIRING APPROVAL ARE BROUGHT TO THE AUDIT COMMITTEE OF THE BOARD BY THE VP OF FINANCE & ADMINISTRATION. FORM 990, PART VI, SECTION B, LINE 15 THE COLLEGE MAINTAINS A COMPENSATION COMMITTEE COMPRISED OF INDEPENDENT MEMBERS OF THE BOARD OF TRUSTEES THAT REVIEWS AND RECOMMENDS THE COMPENSATION PACKAGE FOR THE COLLEGE PRESIDENT. THE COMPENSATION COMMITTEE USES COMPARABILITY DATA TO ENSURE THE COMPENSATION OF THE PRESIDENT IS REASONABLE. THE COMMITTEE APPROVES THE COMPENSATION PACKAGE. THIS PROCESS IS UNDERTAKEN ON AN ANNUAL BASIS. THE COLLEGE PRESIDENT USES COMPARABILITY DATA TO REVIEW AND RECOMMEND COMPENSATION OF THE OTHER OFFICERS AND KEY EMPLOYEES. THE SALARIES ARE REVIEWED AND APPROVED BY THE CHAIRMAN OF THE BOARD. THE DECISIONS ARE DOCUMENTED BY THE PRESIDENT AND BOARD CHAIR. THIS PROCESS IS UNDERTAKEN ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, NOR THE FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AT THIS TIME PURSUANT TO INTERNAL REVENUE CODE SECTION 6104. FORM 990, PART XI, LINE 9: ACTUARIAL CHANGE IN ANNUITY OBLIGATIONS 254,038. ACTUARIAL CHANGE IN POSTRETIREMENT BENEFIT PLAN OBLIGATION 182,630. FLORIDA CONFERENCE OF THE UNITED METHODIST CHURCH 1140 EAST MCDONALD STREET LAKELAND FL 33801 590904361 RELIGIOUS ORGANIZATION FL 501(C)(3) LINE 1 N/A 0 FLORIDA UNITED METHODIST FOUNDATION INC PO BOX 3549 LAKELAND FL 33802 591148710 INVESTMENT MANAGEMENT FL 501(C)(3) LINE 12A, I FLORIDA CONFERENCE OF THE UMC 0 POLK MUSEUM OF ART INC 800 EAST PALMETTO STREET LAKELAND FL 33801 591226011 MUSEUM FL 501(C)(3) LINE 7 FLORIDA SOUTHERN COLLEGE 1 CHARITABLE REMAINDER UNITRUST (6) INVESTMENT FL N/A T 0 POOLED TRUST (1) INVESTMENT FL N/A T 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 POLK MUSEUM OF ART INC S 721740 COST POLK MUSEUM OF ART INC B 25684 COST