2024-05-13T11:59:57-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 420 SOUTH ORANGE AVENUE SUITE 900 ORLANDO FL 32801 990 2022-07-01 592961536 BEACON COLLEGE INC BEAC 3523651135 105 EAST MAIN STREET LEESBURG FL 34748 DR FREDERIC S GORE CFO 3523651135 2024-05-11 1 DR FREDERIC S GORE 999009999 0 LACEY M QUATSOE P01300865 4078021200 2024-05-09 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DR FREDERIC S GORE 105 EAST MAIN STREET LEESBURG FL 34748 37365551 0 X WWW.BEACONCOLLEGE.EDU X 1989 FL FOUR-YEAR ACCREDITED COLLEGE SERVING STUDENTS WITH LEARNING DISABILITIES & DIFFERENCES 13 11 323 20 0 0 3199684 4011985 27237390 31676328 52628 7178 80640 206069 30570342 35901560 6297702 7798195 0 0 11562302 12736973 143191 0 330828 10521493 11999540 28524688 32534708 2045654 3366852 34273982 36914716 22498693 21633684 11775289 15281032 BEACON COLLEGE (BEACON OR COLLEGE), A FOUR-YEAR ACCREDITED COLLEGE, SERVES STUDENTS WITH LEARNING DISABILITIES, ADHD, AND OTHER LEARNING DIFFERENCES. 0 0 27289317 7798195 31705457 BEACON WAS FOUNDED BY PARENTS IN ORDER TO MAKE A SUPERIOR HIGHER EDUCATION ACCESSIBLE TO STUDENTS WITH LEARNING DIFFERENCES. WHEN ESTABLISHED IN 1989, THE COLLEGE WAS GRANTED THE APPROVAL OF THE FLORIDA DEPARTMENT OF EDUCATION TO OFFER A FOCUSED LIBERAL ARTS-BASED CURRICULUM ALIGNED SPECIFICALLY TO THE LEARNING STYLES, SPECIALIZED INSTRUCTIONAL, AND LIFESTYLE DEVELOPMENT NEEDS OF THESE STUDENTS. BEACON IS A FULLY ACCREDITATED FOUR-YEAR PRIVATE LIBERAL ARTS COLLEGE FOR STUDENTS SEEKING BACHELOR'S DEGREES. 27289317 1 1 0 1 0 0 0 1 0 1 1 0 0 0 0 1 1 0 1 0 1 0 1 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 1 0 0 0 1 63 0 1 323 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 FL X DR FREDERIC S GORE CPA 3523651135 105 EAST MAIN STREET LEESBURG FL 34748 DR DANIEL AVERBECK BOARD CHAIR 8.00 X X 0 0 0 DR MARK GRIFFIN VICE CHAIR - THRU 10/22; TRUSTEE 6.00 X X 0 0 0 SARAH FLANAGAN SEC/TRS-THRU 10/22;VICE CHAIR 10/22 6.00 X X 0 0 0 JOHN ROGERS TRUSTEE; SEC/TREAS - AS OF 10/22 6.00 X X 0 0 0 DR JENNIFER BRAATEN TRUSTEE 4.00 X 0 0 0 JOHN R GILL TRUSTEE 4.00 X 0 0 0 DR SHELDON H HOROWITZ TRUSTEE 4.00 X 0 0 0 NANCY D JUDGE TRUSTEE 4.00 X 0 0 0 JENNIFER KNOPF TRUSTEE 4.00 X 0 0 0 DR ALFRED MOFFETT TRUSTEE 4.00 X 0 0 0 DEBBIE RESNICK TRUSTEE 4.00 X 0 0 0 HUGH W THOMPSON III TRUSTEE 4.00 X 0 0 0 CHARO UCEDA TRUSTEE 4.00 X 0 0 0 DR GEORGE J HAGERTY PRESIDENT 50.00 X 382132 0 107497 SHELLY CHANDLER PROVOST 50.00 X 171537 0 32257 SANDI RYSELL CFO - THRU 5/23 50.00 X 122913 0 26170 BRENT BETIT COO 50.00 X 142801 0 0 DR FRED GORE CFO - AS OF 5/23 50.00 X 0 0 0 DALE HEROLD VP OF ADMISSIONS & ENROLLMENT 50.00 X 166776 0 34280 RICHARD KILLION VP OF INSTITUTIONAL ADVANCEMENT 50.00 X 141853 0 37747 ALEXANDER MORRIS-WOOD VP OF PROG. DEV. & GLOBAL PTRSHP 50.00 X 132781 0 9457 1260793 0 247408 7 0 1 0 SODEXO INC & AFFILIATES 9801 WASHINGTON BLVD GAITHERSBURG MD 20878 DINING/FACILITIES 2906960 JACOB P SMITH BUILDING CO 1737 LAKE TERRACE DR EUSTIS FL 32726 BUILDING CONTRACTOR 629132 VEYTEC 2418 SILVER STAR ROAD ORLANDO FL 32804 IT SERVICES 411327 BRENT BETIT 56 MAPLE DR WHITINGHAM VT 05361 TEMPORARY EXECUTIVE 119724 COMMUNITY HEALTH CENTERS INC 110 S WOODLAND ST WINTER GARDEN FL 34787 OUTSOURCED MEDICAL CARE 100200 5 500000 3511985 271241 4011985 TUITION & FEES 611310 23187028 23187028 ROOM & BOARD FEES 611310 6515843 6515843 NONTRADITIONAL PROGRAMS 611310 1417690 1417690 STUDENT SERVICE FEES 611310 555767 555767 31676328 69182 69182 1205045 1246156 20893 -41111 -20893 -62004 -62004 4914 0 4914 4914 226071 196942 29129 29129 STUDENT HEALTH INSURANCE 900099 153441 153441 REFUNDS & OTHER INCOME 900099 11607 11607 VENDING 900099 6978 6978 172026 35901560 31705457 0 184118 X 12698 12698 7765997 7765997 19500 19500 1136052 382607 753445 9158448 7715509 1442939 410015 332567 77448 1331388 1039325 286489 5574 701070 559122 131893 10055 118406 4633 113773 84790 84790 22762 22762 4121601 3402682 497045 221874 204643 136797 63841 4005 948785 569494 349561 29730 107741 16772 77606 13363 2163671 1900539 256610 6522 381444 233139 136929 11376 590521 408213 154953 27355 655986 604819 51167 1553850 1398051 155799 555110 522320 32172 618 CAMPUS ACTIVITIES 355588 196900 158332 356 DUES & MEMBERSHIPS 134642 67633 67009 32534708 27289317 4914563 330828 1966520 1743456 448564 1263100 508026 1405960 41150 178783 76189 43288 321535 449751 36858696 7456174 28833121 29402522 1718046 2023068 360831 404788 34273982 36914716 1333830 1821992 2613031 1897355 18188186 17753287 363646 161050 22498693 21633684 X 9707156 11756120 2068133 3524912 11775289 15281032 34273982 36914716 X 3366852 139195 -304 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 150 150 0 PART II-B, LINE 1: THE ANNUAL LOBBYIST REGISTRATION FEE IS FOR RICHARD KILLION AND PRESIDENT GEORGE HAGERTY. THE ORGANIZATION ALSO PAID MEMBERSHIP DUES TO NAICU THAT ENGAGES IN LOBBYING ACTIVITIES. X X 0 118284 -110 118174 120836 -2552 118284 98557 22279 120836 100811 -2254 98557 92436 8375 100811 1.00000 0 0 3244895 3244895 25789284 5137812 20651472 2651554 700537 1951017 2513628 1147505 1366123 2659335 470320 2189015 29402522 X 28456049 139195 223553 362748 28093301 22762 7785497 7808259 35901560 24950306 223857 223857 24726449 22762 7785497 7808259 32534708 PART III, LINE 1A: COLLECTION ITEMS CONSIST OF ART OBJECTS THAT ARE HELD FOR EDUCATIONAL AND CURATORIAL PURPOSES. EACH OF THE ITEMS IS CATALOGUED, PRESERVED, CARED FOR, AND KEPT UNENCUMBERED. ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. COLLECTION ITEMS ACQUIRED EITHER THROUGH PURCHASE OR DONATION ARE NOT CAPITALIZED. PART V, LINE 4: THE COLLEGE INTENDS TO USE ITS ENDOWMENTS TO PROVIDE FUNDS FOR FUTURE SCHOLARSHIPS. PART X, LINE 2: THE COLLEGE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC); THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE COLLEGE HAS ALSO BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) AND QUALIFIES FOR DEDUCTIBLE CONTRIBUTIONS AS PROVIDED IN SECTION 170(B)(1)(A). THE COLLEGE IS SUBJECT TO FEDERAL INCOME TAX ONLY ON NET UNRELATED BUSINESS INCOME UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE COLLEGE HAS EVALUATED ITS TAX POSITIONS AND DETERMINED IT HAS NO UNCERTAIN TAX POSITIONS AND HAS NOT RECORDED ANY OBLIGATIONS FOR UNRELATED BUSINESS INCOME TAX. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 196,942. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 26,611. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS NETTED AGAINST TUITION REVENUE 7,785,497. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 196,942. BAD DEBTS 26,915. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS NETTED AGAINST TUITION REVENUE 7,785,497. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 BEACON COLLEGE'S POLICY IS STATED IN ALL ADVERTISING/NEWS RELEASES AT THE START OF THE SCHOOL YEAR. SCHEDULE E, PART I, LINE 6 BEACON COLLEGE HAS BEEN THE RECIPIENT OF FLORIDA TUITION ASSISTANCE AND THE RECIPIENT OF FLORIDA DEPARTMENT OF TRANSPORTATION GRANTS TO PURCHASE AND MAINTAIN VEHICLES. 1 SOUTH AMERICA 0 0 GRANTMAKING 6500 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTMAKING 5000 SOUTH ASIA 0 0 GRANTMAKING 8000 0 0 0 0 0 0 19500 0 19500 SCHOLARSHIPS SOUTH AMERICA 2 6500 RATE REDUCTIONS SCHOLARSHIPS MIDDLE EAST AND NORTH AFRICA 2 5000 RATE REDUCTIONS SCHOLARSHIPS SOUTH ASIA 1 8000 RATE REDUCTIONS 0 0 0 0 0 0 PART I, LINE 2: INTERNATIONAL STUDENTS ARE ELIGIBLE TO RECEIVE AN EDUCATIONAL COST REDUCTION BY DEMONSTRATING FINANCIAL NEED. THESE GRANTS VARY AND ARE DETERMINED BY THE STUDENT'S FINANCIAL CIRCUMSTANCES. ASSISTANCE IS PROVIDED ONLY TO REDUCE THE STUDENTS' ESTABLISHED CHARGES FOR TUITION, FEES, ROOM AND BOARD. FUNDS ARE NOT KEPT OR DISBURSED TO STUDENTS NOR DO AWARDS EXCEED ESTABLISHED CHARGES. PART III ACCOUNTING METHOD: X X X X X 1 CURLEY & PYNN PUBLIC RELATIONS 1516 HILLCREST ST STE 210 ORLANDO FL 32803 CAPITAL CAMPAIGN - PUBLIC RELATIONS MANAGEMENT SERVICES 0 0 94006 0 DONNA MARTIN 2279 NATOMA BLVD MT DORA FL 32757 CAPITAL CAMPAIGN - DONOR DATABASE MANAGEMENT 0 0 23970 0 ASPIRE RESEARCH GROUP 701 S HOWARD AVE STE 106-447 TAMPA FL 33606 CAPITAL CAMPAIGN - PROSPECT SCREEENING & VERIFICATION 0 0 12710 0 SWAN TRAIL BUSINESS SOLUTIONS 2279 NATOMA BLVD MT DORA FL 32757 CAPITAL CAMPAIGN - DONOR DATABASE MANAGEMENT 0 0 12140 0 BRANDCONNEX LLC 99 WOOD AVE S SUITE 304 ISELIN NJ 08830 CAPITAL CAMPAIGN - DIGITAL MARKETING 0 0 19100 0 NG PRODUCTION FILMS 801 INTERNATIONAL PKRY 5TH FLOOR LAKE MARY FL 32746 CAPITAL CAMPAIGN - FILMING & EDITING 0 0 15145 0 SOFTERWARE INC 601 OFFICE CENTER DR SUITE 200 FORT WASHINGTON PA 190343275 DONOR DATABASE MANAGEMENT 0 0 9180 0 186251 FL 1 SCHOLARSHIPS AND GRANTS 587 7765997 0 N/A N/A PART I, LINE 2: PRIMARILY STUDENTS ARE AWARDED BEACON SCHOLARSHIP AND GRANT AID (DISCOUNTED EDUCATION COSTS) BASED ON DEMONSTRATING FINANCIAL NEED AS DEFINED BY FEDERAL STUDENT AID GUIDELINES. THE DISCOUNT APPLIED IS AWARDED ON A FORMULA ASSIGNING THE LARGEST BEACON DISCOUNT TO THE NEEDIEST STUDENTS. THERE ARE A FEW SCHOLARSHIPS (DISCOUNTS) AWARDED BASED ON RECOMMENDATIONS FROM EDUCATIONAL PROFESSIONALS(PROFESSIONAL EDUCATOR SCHOLARSHIP) AND/OR A GRANT (RAISE ME) OFFERED TO STUDENTS WHO ACHIEVED SPECIFIC ACCOMPLISHMENTS IN HIGH SCHOOL. IN THESE CASES EVERYONE AUTOMATICALLY RECEIVES THE SAME LEVEL OF REDUCTION BASED ON PREDETERMINED CRITERIA. IN ORDER FOR STUDENTS TO CONTINUE TO RECEIVE NEED-BASED BEACON COLLEGE GRANTS AND SCHOLARSHIPS, STUDENTS MUST RE-APPLY EACH YEAR USING THE FEDERAL APPLICATION FOR STUDENT AID. STUDENTS MUST ALSO REMAIN IN GOOD ACADEMIC STANDING AS DESCRIBED IN THE BEACON ACADEMIC CATALOG. SHOULD THE STUDENT/FAMILY FINANCIAL CIRCUMSTANCE CHANGE, THE STUDENT MAY RECEIVE A REDUCTION OR INCREASE IN A BEACON GRANT. IN THE CASE OF NON-NEED BASED BEACON COLLEGE GRANTS, STUDENTS ARE MONITORED ANNUALLY TO ASSURE THEY ARE MAINTAINING GOOD ACADEMIC STANDING. X 1 1 X X X X 0 0 0 0 0 0 0 1 0 DR GEORGE J HAGERTY PRESIDENT 332653 0 10043 0 39436 0 68238 0 39259 0 489629 0 0 0 SHELLY CHANDLER PROVOST 171537 0 0 0 0 0 4287 0 27970 0 203794 0 0 0 DALE HEROLD VP OF ADMISSIONS & ENROLLMENT 161264 0 5512 0 0 0 4175 0 30105 0 201056 0 0 0 RICHARD KILLION VP OF INSTITUTIONAL ADVANCEMENT 141853 0 0 0 0 0 7002 0 30745 0 179600 0 0 0 PART I, LINE 1A DR. GEORGE J. HAGERTY - HOUSING ALLOWANCE WAS INCLUDED IN HIS TAXABLE INCOME. PART I, LINE 7 THE PRESIDENT'S ANNUAL BONUS IS BASED UPON AN ASSESSMENT DONE BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES AS PART OF HIS ANNUAL ASSESSMENT. IT IS NOT SET IN AMOUNT, BUT IS DETERMINED AT THE TIME OF ASSESSMENT BY THE COMMITTEE TAKING INTO CONSIDERATION THE GOALS PROVIDED AND RESULTS ACHIEVED BY THE PRESIDENT AND THE COLLEGE. WHILE THE PROFITABILITY AND FINANCIAL WELL-BEING OF THE COLLEGE IS AN IMPORTANT FACTOR IN THE COMMITTEE'S ASSESSMENT, IT IS ONE OF SEVERAL FACTORS INVOLVED. THE VP OF ADMISSIONS AND ENROLLMENT'S ANNUAL BONUS IS DETERMINED BY THE PRESIDENT AS PART OF HIS ASSESSMENT AND THE COLLEGE'S SUCCESS AT INCREASING ENROLLMENT AND ADMINISTERING READINESS PROGRAMS THAT FEED INTO THE COLLEGE'S UNDERGRADUATE ENROLLMENT. HER BONUS IS NOT TIED TO SPECIFIC FINANCIAL COMPONENTS. A HIGHER EDUCATIONAL FACILITIES FINANCE AUTHORITY 900058227 000000000 2019-06-27 20070000 REFUND PRIOR ISSUE; RESIDENCE & DINING HALL 0 0 0 A 1905000 20070000 243107 401400 348817 7217267 11859409 2022 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: HIGHER EDUCATIONAL FACILITIES FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 05/31/2023 NATHAN JUDGE FAMILY OF TRUSTEE 37257 COMP/BENEF 0 SAMANTHA RESNICK FAMILY OF TRUSTEE 40441 COMP/BENEF 0 X 5 264987 FMV X VARIOUS ITEMS 2 6254 FMV 0 1 0 PART I, COLUMN (B): THE COUNT IN COLUMN B IS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL HAVE FIVE MEMBERS, ALL OF WHOM SHALL BE VOTING MEMBERS OF THE BOARD. THE PRESIDENT SHALL ALSO SERVE ON THE EXECUTIVE COMMITTEE BUT IN AN EX OFFICIO, NON-VOTING CAPACITY. THE EXECUTIVE COMMITTEE SHALL BE COMPOSED OF THE OFFICERS OF THE BOARD WITH OTHER MEMBERS SELECTED FROM THE CHAIRS OF STANDING COMMITTEES AND/OR AT-LARGE MEMBERS NOMINATED BY THE BOARD CHAIR AND CONFIRMED AT THE BOARD'S ANNUAL MEETING BY A MAJORITY VOTE OF THOSE TRUSTEES IN ATTENDANCE. IN CONDUCTING ITS DUTIES, THE EXECUTIVE COMMITTEE, SHALL NOT, EVEN IF THE NUMBER IS SUFFICIENT, BE CONSIDERED A QUORUM FOR A SPECIAL MEETING OF THE FULL BOARD. THE EXECUTIVE COMMITTEE IS EMPOWERED TO ACT FOR THE BOARD BETWEEN REGULAR BOARD OF TRUSTEES' MEETINGS ON ALL MATTERS, EXCEPT FOR THOSE MATTERS EXCLUSIVELY RESERVED TO THE BOARD: (I) PRESIDENTIAL SELECTION AND TERMINATION, (II) BOARD MEMBER AND BOARD OFFICER ELECTION, (III) CHANGES IN THE MISSION AND/OR PURPOSE OF THE INSTITUTION, (IV) AMENDMENTS TO THE ARTICLES OF INCORPORATION AND/OR BYLAWS, (V) INCURRENCE OF CORPORATE INDEBTEDNESS, (VI) SALE OR OTHER DISPOSITION OF REAL ESTATE AND/OR OTHER TANGIBLE PROPERTY, (VII) ADOPTION OF THE ANNUAL BUDGET, AND (VIII) CONFERRAL OF DEGREES, (IX) SETTING TUITION, (X) SETTING INCREASES IN SALARIES. FORM 990, PART VI, SECTION B, LINE 11B BOARD OF TRUSTEES MEMBERS ARE PROVIDED A DRAFT COPY OF THE FORM 990 FOR THEIR REVIEW, CHANGES NOTED BY MEMBERS ARE MADE AS NECESSARY, AND THE FINAL FORM 990 IS THEN FILED UPON SIGNATURE OF AN AUTHORIZED OFFICER. FORM 990, PART VI, SECTION B, LINE 12C A BOARD MEMBER SHALL BE CONSIDERED TO HAVE A CONFLICT OF INTEREST IF HE OR SHE, OR PERSONS OR ENTITIES WITH WHICH HE OR SHE IS AFFILIATED, HAS A DIRECT OR INDIRECT INTEREST THAT MAY IMPAIR OR MAY REASONABLY APPEAR TO IMPAIR HIS OR HER INDEPENDENT, UNBIASED JUDGMENT IN THE DISCHARGE OF HIS OR HER RESPONSIBILITIES TO THE INSTITUTION. BOARD MEMBERS SHALL DISCLOSE TO THE BOARD ANY ACTUAL, APPARENT, OR POSSIBLE CONFLICT OF INTEREST AT THE EARLIEST PRACTICAL TIME. A BOARD MEMBER WHO HAS MADE SUCH A DISCLOSURE SHALL ABSTAIN FROM VOTING ON SUCH MATTERS, OR PARTICIPATING IN OR OTHERWISE INFLUENCING THE DELIBERATIONS OF THE BOARD IN RELATION TO THE MATTER FOR WHICH AN ACTUAL, APPARENT, OR POSSIBLE CONFLICT IS ACKNOWLEDGED. THE BOARD MEETING MINUTES SHALL REFLECT THAT A DISCLOSURE WAS MADE AND NOTE THE BOARD MEMBERS' ABSTENTION FROM VOTING AND ABSENCE DURING BOARD DELIBERATIONS. A BOARD MEMBER WHO IS RECUSED MAY BE COUNTED FOR PURPOSES OF DETERMINING THE PRESENCE OF A QUORUM AT THE MEETING, BUT SHALL NOT BE COUNTED FOR PURPOSES OF DETERMINING THE PRESENCE OF A QUORUM FOR REQUISITE BOARD ACTION. IN ACCORDANCE WITH THE CONFLICT OF INTEREST POLICY, EVERY BOARD MEMBER SHALL COMPLETE AND SIGN A DISCLOSURE FORM ON AN ANNUAL BASIS, AND UPDATE THE FORM AS PROMPTLY AS POSSIBLE FOLLOWING KNOWLEDGE OF CONDITIONS THAT MAY CREATE A POSSIBLE CONFLICT OF INTEREST. BOARD MEMBERS SERVE AS VOLUNTEERS AND ARE NOT COMPENSATED FOR THEIR SERVICES. THEY MAY BE REIMBURSED FOR TRANSPORTATION AND OTHER REASONABLE DIRECT EXPENSES WHILE ENGAGED IN THE DISCHARGE OF THEIR OFFICIAL BOARD DUTIES. FORM 990, PART VI, SECTION B, LINE 15 BEACON CONDUCTS AN ANNUAL ADMINISTRATIVE SALARY AND BENEFIT SURVEY FOR THE PRESIDENT. AT THE SAME TIME, AN ANNUAL SALARY SURVEY OF THE PROVOST, THE VICE PRESIDENT OF FINANCE & STRATEGIC PRIORITIES/CFO, VICE PRESIDENT OF ADMISSIONS & ENROLLMENT MANAGEMENT, VICE PRESIDENT OF INSTITUTIONAL ADVANCEMENT AND THE ASSOCIATE VICE PRESIDENT OF STUDENT ENGAGEMENT AND SUCCESS IS ALSO CONDUCTED. THE RESEARCH UTILIZED FOR THE ADMINISTRATIVE SURVEY IS OBTAINED FROM THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES (CUPA-HR). CUPA-HR IS CONSIDERED THE DEFINITIVE SOURCE FOR ADMINISTRATIVE SALARIES FOR HIGHER EDUCATION SINCE 1967, AND THE RESEARCH FROM ITS ADMINISTRATOR SURVEY IS USED BY THE "CHRONICLE OF HIGHER EDUCATION" TO ANNUALLY REPORT ON THE COMPENSATION FOR HIGHER EDUCATION ADMINISTRATIVE STAFF. IN ADDITION, BEACON UTILIZES THE DATA OBTAINED FROM THE MOST RECENT IRS 990 FILINGS FOR EACH COLLEGE THAT BEACON UTILIZES FOR COMPARATIVE PURPOSES. INCLUDED IN THIS COMPARISON ARE: PEER COLLEGES, FLORIDA COLLEGES, PRIVATE INDEPENDENT COLLEGES, BACCALAUREATE COLLEGES, AND SOUTHERN REGION PRIVATE INDEPENDENT COLLEGES, BY ENROLLMENT OR TOTAL EXPENSE. THE DIRECTOR OF HUMAN RESOURCES PERFORMS THE ANALYSIS OF DATA AND WRITES THE REPORTS, WHICH INCLUDES DATA DOCUMENTATION, FOR THE BOARD CHAIR AND PRESIDENT TO REVIEW. THE PRESIDENT MAKES A RECOMMENDATION TO THE BOARD CHAIR FOR SUGGESTED COMPENSATION FOR EXECUTIVE LEVEL COMPENSATION, BASED ON AN ANNUAL REVIEW OF THEIR ACCOMPLISHMENTS IN THEIR RESPECTIVE POSITIONS. THE BOARD CHAIR REVIEWS BOTH THE PRESIDENT'S ANNUAL COMPENSATION SURVEY AND EXECUTIVE LEVEL COMPENSATION RECOMMENDATIONS FROM THE PRESIDENT. THESE ARE THEN PRESENTED TO THE COMPENSATION COMMITTEE APPOINTED BY THE EXECUTIVE COMMITTEE FOR REVIEW AND DISCUSSION, TO INCLUDE THE ANNUAL REVIEW FOR THE PRESIDENT. THE COMPENSATION COMMITTEE MEETS IN CLOSED SESSION AND DETERMINES THE COMPENSATION LEVELS FOR THE PRESIDENT AND SENIOR EXECUTIVES. THE COMPENSATION COMMITTEE ADVISES THE EXECUTIVE COMMITTEE WHO PRESENTS THE RECOMMENDATIONS TO THE FULL BOARD. THIS PROCESS WAS LAST CONDUCTED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST FOR A REASONABLE COPYING CHARGE. FORM 990, PART IX, LINE 11G FINANCIAL AID SERVICES: PROGRAM SERVICE EXPENSES 81,475. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 81,475. CONSULTING SERVICES: PROGRAM SERVICE EXPENSES 137,122. MANAGEMENT AND GENERAL EXPENSES 84,545. FUNDRAISING EXPENSES 221,874. TOTAL EXPENSES 443,541. MARKETING AND OUTREACH SERVICES: PROGRAM SERVICE EXPENSES 74,407. MANAGEMENT AND GENERAL EXPENSES 89,297. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 163,704. HEALTH SERVICES MANAGEMENT: PROGRAM SERVICE EXPENSES 650. MANAGEMENT AND GENERAL EXPENSES 92,775. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 93,425. FACILITIES MANAGEMENT: PROGRAM SERVICE EXPENSES 931,226. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 931,226. DINING SERVICES: PROGRAM SERVICE EXPENSES 2,072,067. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,072,067. CONTRACT LABOR: PROGRAM SERVICE EXPENSES 105,735. MANAGEMENT AND GENERAL EXPENSES 62,500. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 168,235. IT MANAGEMENT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 167,928. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 167,928. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 26,611. BAD DEBTS -26,915. CHARITABLE REMAINDER TRUST (1) TRUST FL BEACON COLLEGE INC 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0