2025-04-01T10:11:46-05:00 2024-05-31 410746749 CLIFTONLARSONALLEN LLP 420 SOUTH ORANGE AVENUE SUITE 900 ORLANDO FL 32801 990 2023-06-01 590624401 FLORIDA SOUTHERN COLLEGE FLOR 8636804148 111 LAKE HOLLINGSWORTH DR LAKELAND FL 338015607 V TERRY DENNIS VP FINANCE & ADMINISTRATION 8636804148 2025-03-28 1 1 TINA HENTON P00630282 4078021200 2025-03-28 2023 2025-03-06 01:10:19Z DR ANNE B KERR 111 LAKE HOLLINGSWORTH DR LAKELAND FL 338015607 271886979 0 X WWW.FLSOUTHERN.EDU X 1885 FL PRIVATE UNITED METHODIST AFFILIATED COLLEGE THAT IS COMMITTED TO EDUCATIONAL EXCELLENCE. 36 36 1681 158 27643 0 15877888 42753599 142980086 146325771 4042339 4627473 1867152 2031582 164767465 195738425 60898675 62878250 0 0 48511583 50821907 0 0 1497351 54797005 53672338 164207263 167372495 560202 28365930 308595580 344271848 50625192 48889619 257970388 295382229 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 145046006 62878250 146325771 FLORIDA SOUTHERN COLLEGE A PRIVATE, COMPREHENSIVE COLLEGE DEDICATED TO TEACHING EXCELLENCE IN 57 PROGRAMS OF STUDY FOR UNDERGRADUATE STUDENTS. THE COLLEGE OFFERS 14 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. IN 2023, THE COLLEGE WELCOMED A FRESHMAN CLASS OF 640 AS PART OF THE INSTITUTION'S 2,655 FULL-TIME TRADITIONAL UNDERGRADUATE POPULATION, REPRESENTING ALL 50 STATES AND 56 COUNTRIES AND TERRITORIES. NOTABLY, 84% OF THESE STUDENTS RESIDE 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 165 FULL-TIME FACULTY THAT RESULTS IN A 16:1 STUDENT-FACULTY RATIO. THE FACULTY HAVE OUTSTANDING CREDENTIALS, WITH 78% 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 REVIEW'S "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 ANN BLANTON EDWARDS SCHOOL OF NURSING AND HEALTH SCIENCES AND THE SCHOOL OF EDUCATION WERE NAMED BY U.S. NEWS & WORLD REPORT AMONG THE NATION'S BEST GRADUATE SCHOOLS. THE VALUE FLORIDA SOUTHERN PROVIDES ITS STUDENTS IS ALSO WIDELY RECOGNIZED BY U.S. NEWS & WORLD REPORT, WHICH INCLUDES FLORIDA SOUTHERN ON ITS "BEST BUY" LIST, AND WASHINGTON MONTHLY TOUTS FLORIDA SOUTHERN AS AN INSTITUTION WHERE YOU WILL GET THE "BEST BANG FOR YOUR BUCK." THE PRINCETON REVIEW AGAIN RECOGNIZED FSC FOR ITS CAMPUS BEAUTY AND EXCEPTIONAL ARCHITECTURAL HERITAGE BY BEING RANKED ONE OF THE TOP TEN MOST BEAUTIFUL CAMPUSES. THE THIRTEENTH CONSECUTIVE YEAR THAT FSC HAS BEEN IN THIS CATEGORY, IT WAS RANKED NUMBER ONE FOR AN UNPRECEDENTED TWO CONSECUTIVE YEARS IN 2011 AND 2012. 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. 145046006 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 1 239 0 1 1681 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 36 36 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 X X 0 0 0 RICHARD T FULTON VICE CHAIRMAN 1.00 X X 0 0 0 ROBERT E PUTERBAUGH SECRETARY 5.00 X X 0 0 0 WILLIAM E CRENSHAW TREASURER 1.00 X X 0 0 0 J STEPHEN BUCK ASSISTANT SECRETARY 1.00 X X 0 0 0 KEITH R BEREND TRUSTEE 1.00 X 0 0 0 KEVIN F BROWNE JR TRUSTEE 1.00 X 0 0 0 SONJI CONEY TRUSTEE 1.00 X 0 0 0 BISHOP ROBERT E FANNIN TRUSTEE 1.00 X 0 0 0 ALFONSO GARCIA III TRUSTEE 1.00 X 0 0 0 ANN H HANSEN TRUSTEE 1.00 X 0 0 0 ROGER W HOLLER III TRUSTEE 1.00 X 0 0 0 RICHARD C JENSEN TRUSTEE 1.00 X 0 0 0 BERNARD L LITTLE JR TRUSTEE 1.00 X 0 0 0 STANLEY Y LITTLE TRUSTEE 1.00 X 0 0 0 SARAH D MCKAY TRUSTEE (THRU 5/1/2024) 1.00 X 0 0 0 DOMINGO R MOREIRA TRUSTEE 1.00 X 0 0 0 H WILLIAM MUTZ TRUSTEE 1.00 X 0 0 0 MARK A PITTS TRUSTEE 1.00 X 0 0 0 WILLIAM K POU JR TRUSTEE 1.00 X 0 0 0 MARJORIE H ROBERTS TRUSTEE 1.00 X 0 0 0 SUSAN E ROBERTS TRUSTEE 1.00 X 0 0 0 J JASON RODDA TRUSTEE 1.00 X 0 0 0 DAVID E ROGERS TRUSTEE 1.00 X 0 0 0 GEORGE W ROGERS TRUSTEE 1.00 X 0 0 0 CAROLINE H SCHICHTEL TRUSTEE 1.00 X 0 0 0 ROBERT R SHARP TRUSTEE 1.00 X 0 0 0 EVETT L SIMMONS TRUSTEE 1.00 X 0 0 0 W SCOTT THORNTON TRUSTEE 1.00 X 0 0 0 LARRY E STAHL TRUSTEE (THRU 5/1/2024) 1.00 X 0 0 0 ALICE M WILLIAMS TRUSTEE (THRU 5/1/2024) 1.00 X 0 0 0 DAVID J ADAMS TRUSTEE 1.00 X 0 0 0 WILLIAM D DROST TRUSTEE 1.00 X 0 0 0 JACK R HARRELL III TRUSTEE 1.00 X 0 0 0 COURTNEY B MAKRIS TRUSTEE 1.00 X 0 0 0 ASHLEY G BARNETT TRUSTEE 1.00 X 0 0 0 MICHAEL A CAMPANELLI TRUSTEE 1.00 X 0 0 0 EVELYN P DOHERTY TRUSTEE 1.00 X 0 0 0 GREGORY J FANCELLI TRUSTEE 1.00 X 0 0 0 BISHOP THOMAS M BERLIN TRUSTEE (THRU 5/1/2024) 1.00 X 0 0 0 ANNE B KERR PRESIDENT 40.00 2.00 X 499728 0 43214 V TERRY DENNIS VP OF FINANCE AND ADMINISTRATION 40.00 2.00 X 340768 0 39389 JOHN P GRUNDIG VP OF ENROLLMENT MANAGEMENT 40.00 X 283802 0 42568 HEATHER PHARRIS VP OF DEVELOPMENT 40.00 X 216744 0 35873 TRACEY D TEDDER PROVOST 40.00 X 170000 0 23743 LAUREN ALBAUM VP OF STUDENT LIFE 40.00 X 115284 0 11808 J MICHAEL WEBER DEAN OF BUSINESS 40.00 X 247200 0 27887 KRISTA LEWELLYN MBA PROGRAM DIRECTOR 40.00 X 227050 0 17909 GRISSELLE CENTENO PROFESSOR 40.00 X 207718 0 18954 NANCY A NUZZO DEAN OF SCHOOL OF PHYSICAL THERAPY 40.00 X 184813 0 15576 WILLIAM QUILLIAM PROFESSOR 40.00 X 171658 0 14908 2664765 0 291829 69 0 1 0 GUEST SERVICES INC PO BOX 742707 ATLANTA GA 30374 CAFETERIA MANAGEMENT 7574346 RODDA CONSTRUCTION INC 250 EAST HIGHLAND DRIVE LAKELAND FL 33813 CONSTRUCTION SERIVCES 6685289 Q & Q INC PO BOX 1647 EATON PARK FL 33840 CONTRACTOR 1076939 DELL FINANCIAL SERVICES PO BOX 5292 CAROL STREAM IL 60197 CONTRACTOR 967164 ROBERT BINNS ROOFING INC 5918 EAST COUNTY ROAD 542 WINTER HAVEN FL 33880 CONTRACTOR 850553 61 148637 199208 228230 42177524 10939260 42753599 TUITION & FEES 611310 117054184 117054184 DORMITORY & FOOD SERVICE 611310 27164295 27164295 AUXILIARY SERVICES 611310 1869393 1869393 RENTAL TO STUDENTS/FACULTY 531120 203596 203596 OTHER STUDENT FEES 611310 34303 34303 146325771 4512486 4512486 76086510 75971523 114987 114987 114987 106640 148637 117861 -11221 -11221 108861 59170 49691 49691 STUDENT INSURANCE PREMIUMS 524292 573728 573728 EVENT ADMISSION 900099 161033 161033 LESSONS/MEMBERSHIPS 900099 27643 27643 1230708 1230708 1993112 195738425 146325771 27643 6631412 62878250 62878250 1820568 192191 1240613 387764 38069063 33606591 4002804 459668 2527040 2132330 394710 5673430 4487029 1053097 133304 2731806 2423350 275287 33169 208836 208836 200070 200070 68954 68954 5780592 5198669 563190 18733 1753655 1380696 372959 3305034 1860822 1366210 78002 7355690 5467457 1884395 3838 1239512 1220949 14595 3968 885514 18671 866843 9195131 8285807 909324 4581942 263016 4318926 FOOD EXPENSE 7179553 7179553 PROGRAM EXPENSES 6178296 5825138 332441 20717 EQUIPMENT RENTAL 2262390 921972 1326168 14250 DUES AND SUBSCRIPTIONS 493190 28693 378761 85736 2983979 1674822 1050955 258202 167372495 145046006 20829138 1497351 3904930 10106618 18002359 12840279 16409669 27722891 3824361 3209470 1043539 831877 79955 60511 1160051 1308765 315852723 143040405 165058622 172812318 89767462 103966188 9344632 11412931 308595580 344271848 8375814 9366029 2937331 2849098 73390 108267 32998215 29182425 6240442 7383800 50625192 48889619 X 146219545 158514234 111750843 136867995 257970388 295382229 308595580 344271848 X 28365930 8972232 73679 X 0 1 X 1 1 1 X 13794203 24878838 17312837 15877888 42753599 114617365 13794203 24878838 17312837 15877888 42753599 114617365 38678589 75938776 2327259 1527428 1593306 3215372 4512486 13175851 4002115 2738989 3084021 2037393 2180970 14043488 141836704 538745496 0.53540 0.60870 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING - 2019 AMOUNT: $ 65,684. 2020 AMOUNT: $ 108,085. 2021 AMOUNT: $ 96,516. 2022 AMOUNT: $ 94,855. 2023 AMOUNT: $ 106,640. SALES OF INVENTORY - 2019 AMOUNT: $ 147,523. 2020 AMOUNT: $ 4,407. 2021 AMOUNT: $ 148,278. 2022 AMOUNT: $ 251,013. 2023 AMOUNT: $ 108,861. STUDENT INSURANCE - 2019 AMOUNT: $ 453,865. 2020 AMOUNT: $ 499,105. 2021 AMOUNT: $ 528,290. 2022 AMOUNT: $ 548,328. 2023 AMOUNT: $ 573,728. OTHER REVENUE - 2019 AMOUNT: $ 3,335,043. 2020 AMOUNT: $ 2,127,392. 2021 AMOUNT: $ 2,310,937. 2022 AMOUNT: $ 1,143,197. 2023 AMOUNT: $ 1,391,741. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 339282 0 0 X X X X 0 0 1 X 104912575 23921316 18375790 19491244 127718437 103929053 6813624 5970714 11800816 104912575 108088885 4855167 3689640 12704639 103929053 91481221 8290657 20692985 12375978 108088885 91544690 3981711 6242207 10287387 91481221 0.11389 0.47541 0.41070 0 1 1 147083 11311139 11458222 197478915 72213650 125265265 50112755 30368951 19743804 42533042 36876142 5656900 14269789 3581662 10688127 172812318 POST RETIREMENT BENEFIT OBLIGATION 1794425 CHARITABLE GIFT ANNUITY OBLIGATION 1173105 DEPOSITS 788856 ADVANCES FED AGENCY-STUDENT LOANS 399023 INTEREST PAYABLE 190819 GIFT CARDS 699 ROU LIABILITY - FINANCE 319782 ROU LIABILITY - OPERATING 2717091 7383800 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 THE ASHLEY GIBSON BARNETT MUSEUM OF ART AT FLORIDA SOUTHERN COLLEGE, INC. 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, 2024. 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 - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGAM SERVICES STUDY ABROAD 132914 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 0 0 PROGAM SERVICES STUDY ABROAD 75064 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGAM SERVICES STUDY ABROAD 982663 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGAM SERVICES STUDY ABROAD 42178 0 0 0 0 0 0 1232819 0 1232819 0 0 0 0 0 0 POP SIKES 68680 35680 33000 32291 2500 BLADE & BLU 73870 46020 27850 5750 17488 8721 2 112727 66937 45790 7400 35535 8176 255277 148637 106640 13150 85314 19397 117861 -11221 1 TUITION DISCOUNTS/CREDITS 3198 56715038 0 N/A N/A SCHOLARSHIPS 782 3906946 0 N/A N/A GRADUATE STIPENDS 75 2183845 0 N/A N/A GRADUATE STIPENDS 10 72421 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 449375 0 0 0 50353 0 33000 0 10214 0 542942 0 0 0 V TERRY DENNIS VP OF FINANCE AND ADMINISTRATION 340768 0 0 0 0 0 33000 0 6389 0 380157 0 0 0 JOHN P GRUNDIG VP OF ENROLLMENT MANAGEMENT 283802 0 0 0 0 0 28325 0 14243 0 326370 0 0 0 J MICHAEL WEBER DEAN OF BUSINESS 247200 0 0 0 0 0 17304 0 10583 0 275087 0 0 0 HEATHER PHARRIS VP OF DEVELOPMENT 216744 0 0 0 0 0 21630 0 14243 0 252617 0 0 0 KRISTA LEWELLYN MBA PROGRAM DIRECTOR 227050 0 0 0 0 0 11166 0 6743 0 244959 0 0 0 GRISSELLE CENTENO PROFESSOR 207718 0 0 0 0 0 12211 0 6743 0 226672 0 0 0 NANCY A NUZZO DEAN OF SCHOOL OF PHYSICAL THERAPY 184813 0 0 0 0 0 15247 0 329 0 200389 0 0 0 TRACEY D TEDDER PROVOST 170000 0 0 0 0 0 17000 0 6743 0 193743 0 0 0 WILLIAM QUILLIAM PROFESSOR 171658 0 0 0 0 0 14525 0 383 0 186566 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 81659 TUITION REMISSION TUITION REMISSION RODDA CONSTRUCTION TRUSTEE 9821472 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 5 239219 MARKET VALUE X 1 10700001 MARKET VALUE X VARIOUS ITEMS 35 40 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 THE SOLE MEMBER OF FLORIDA SOUTHERN COLLEGE SHALL BE THE INDIVIDUAL VOTING MEMBERS OF THE BOARD OF TRUSTEES OF THE COLLEGE. MEMBERSHIP IN THE COLLEGE IS NOT TRANSFERABLE OR ASSIGNABLE AND ALL TRUSTEES OF THE COLLEGE SHALL BE ELECTED BY THE FLORIDA ANNUAL CONFERENCE OF THE SOUTHEASTERN JURISDICTION OF THE UNITED METHODIST CHURCH FROM NOMINATIONS MADE BY THE BOARD OF TRUSTEES OF THE COLLEGE. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF TRUSTEES 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 -48,781. ACTUARIAL CHANGE IN POSTRETIREMENT BENEFIT PLAN OBLIGATION 122,460. 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