2023-04-11T14:51:02-05:00 2022-05-31 135565207 KPMG LLP 8350 BROAD STREET SUITE 900 MCLEAN VA 22102 990 2021-06-01 520591661 MARYLAND INSTITUTE MARY 4102252352 1300 MOUNT ROYAL AVENUE BALTIMORE MD 21217 MARTIN LEMELLE VP OF FINANCE 4102252352 2023-04-07 1 MARTIN LEMELLE 999009999 JONATHAN LIST P01679255 7032868000 2023-04-04 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z MARYLAND INSTITUTE COLLEGE OF ART SAMUEL HOI 1300 MOUNT ROYAL AVE BALTIMORE MD 21217 229136981 0 X WWW.MICA.EDU X 1826 MD DEGREE GRANTING COLLEGE-MARYLAND INSTITUTE COLLEGE OF ART IS A PRIVATE COLLEGE (SEE SCHEDULE O) 30 30 1673 30 -4251 0 7759131 13127072 81997514 112139288 4259515 12816303 258353 628497 94274513 138711160 31576845 39000431 0 0 45678990 54089260 0 27028 2046800 28051352 34831277 105307187 127947996 -11032674 10763164 339639271 329055533 103925826 102693819 235713445 226361714 DEGREE GRANTING COLLEGE-MARYLAND INSTITUTE COLLEGE OF ART IS A PRIVATE COLLEGE DEDICATED TO THE EDUCATION OF PROFESSIONAL ARTISTS AND THE FURTHER ADVANCEMENT OF ART IN THE COMMUNITY. 0 0 104726411 39000431 112253016 ACCREDITED COLLEGE WITH PROGRAMS IN FINE ARTS, APPLIED ARTS, AND ART EDUCATION; APPROXIMATELY 1,800 STUDENTS, GRANTS ARE DISBURSEMENTS FOR STUDENTS' FINANCIAL AID, STUDENT AWARDS, FELLOWSHIPS, AND FOR FACULTY DEVELOPMENT GRANTS. 104726411 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 0 1 1 1 1 0 1 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 266 0 1 1673 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 30 30 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA MD X MARTIN LEMELLE 4102252352 1300 MOUNT ROYAL AVE BALTIMORE MD 21217 STUART CLARKE TRUSTEE 1.00 0.00 X 0 0 0 WENDY JACHMAN TRUSTEE 1.00 0.00 X 0 0 0 SHEELA MURTHY TRUSTEE 1.00 0.00 X 0 0 0 DOUG TSUI TRUSTEE 1.00 0.00 X 0 0 0 JEFFREY G BUNTING TRUSTEE 1.00 0.00 X 0 0 0 JOHN ANGELOS TRUSTEE 1.00 0.00 X 0 0 0 LIZA SANCHEZ TRUSTEE 1.00 0.00 X 0 0 0 JAMES F BLUE TRUSTEE 1.00 0.00 X 0 0 0 AMY BRUSSELBACK TRUSTEE 1.00 0.00 X 0 0 0 JUDITH BURTON TRUSTEE 1.00 0.00 X 0 0 0 SHARON BUTLER TRUSTEE 1.00 0.00 X 0 0 0 DIANE CHO TRUSTEE 1.00 0.00 X 0 0 0 WONHONG CHO TRUSTEE 1.00 0.00 X 0 0 0 STUART B COOPER TRUSTEE 1.00 0.00 X 0 0 0 GWEN DAVIDSON TRUSTEE 1.00 0.00 X 0 0 0 RONALD E FIDLER TRUSTEE 1.00 0.00 X 0 0 0 ANN GARFINKLE TRUSTEE 1.00 0.00 X 0 0 0 KIBEBE GIZAW TRUSTEE 1.00 0.00 X 0 0 0 FREDYE WRIGHT GROSS TRUSTEE 1.00 0.00 X 0 0 0 JULIANA HARRIS TRUSTEE 1.00 0.00 X 0 0 0 ERIC A JORDAHL TRUSTEE 1.00 0.00 X 0 0 0 THIBAULT MANEKIN TRUSTEE 1.00 0.00 X 0 0 0 NEIL A MEYERHOFF TRUSTEE 1.00 0.00 X 0 0 0 JAMES DABNEY MILLER TRUSTEE 1.00 0.00 X 0 0 0 MICHEL MODELL TRUSTEE 1.00 0.00 X 0 0 0 ANN PERKINS TRUSTEE 1.00 0.00 X 0 0 0 MARCUS STEPHENS TRUSTEE 1.00 0.00 X 0 0 0 KATHERINE SIEH-TAKATA TRUSTEE 1.00 0.00 X 0 0 0 PAUL TIBURZI TRUSTEE 1.00 0.00 X 0 0 0 DAVID WALLACK TRUSTEE 1.00 0.00 X 0 0 0 TIFFANY HOLMES VICE PROVOST - ACADEMIC AFFAIRS 40.00 0.00 X 175615 0 29502 DOUGLAS MANN VP FINANCE & OPERATIONS (END 10/21) 40.00 1.00 X 243454 0 4261 MICHAEL PATTERSON VP STUDENT AFFAIRS 40.00 0.00 X 163851 0 28482 SAMUEL HOI PRESIDENT 40.00 1.00 X 545651 0 43542 SHERI PARKS VP STRATEGIC INIT 40.00 0.00 X 192053 0 20963 DAVID BOGEN VP OF ACADEMIC AFFAIRS (END 7/21) 40.00 0.00 X 192308 0 21911 ALEXANDRA KIM VP TECHNOLOGY 40.00 0.00 X 231697 0 30430 DON JONES VP ADVANCEMENT 40.00 0.00 X 263447 0 26027 CHRISTIAN LALLO VP STRATEGIC COMM 40.00 0.00 X 154111 0 22513 AUDREY TANNER VP, ADMISSION AND FINANCIAL AID 40.00 0.00 X 207761 0 19610 SHANNA HINES VP OF PB&C (FORMERLY HR) (BEGIN 8/21) 40.00 0.00 X 85180 0 9861 MARTIN LEMELLE VP OF FINANCE; BEGIN 9/21 40.00 0.00 X 117167 0 12941 STACEY SALAZAR VICE PROVOST - GRADUATE STUDIES 40.00 0.00 X 152214 0 17483 COLETTE VEASEY-CULLORS INTERIM VP - UG STUDIES 40.00 0.00 X 143612 0 8661 DAVID GRACYALNY VICE PROVOST-OPEN STUDIES 40.00 0.00 X 138706 0 22407 MICHAEL WEIKERT DIR OF CTR FOR DESIGN PRACTICE 40.00 0.00 X 140269 0 18635 SCOTT NOBEL AVP FACILITIES MGT 40.00 0.00 X 136235 0 23784 BILL GASKINS FULL TIME FACULTY 40.00 0.00 X 135836 0 5191 3419167 0 366204 47 0 1 0 ELSMERE EDUCATION INC 90 MADISON STREET STE 602 DENVER CO 80206 PROFESSIONAL SERVICES 3377766 PARKHURST DINING SERVICES PO BOX 644091 PITTSBURGH PA 15264 FOOD SERVICE 2113651 TRANE US INC 3600 PAMMEL CREEK ROAD LA CROSSE WI 54601 CONSTRUCTION 650244 QUALITY WATERPROOFING SERVICES INC 3223 HILAND AVE GLENN DALE MD 20769 CONSTRUCTION 543970 BROADWAY SERVICES INC 3709 E MONUMENT ST BALTIMORE MD 21205 PROFESSIONAL SERVICES 518889 30 10583026 2544046 1601763 13127072 TUITION & FEES 611710 99704159 99704159 DORMITORIES 611710 8831766 8831766 AUXILIARY ENTERPRISES 611710 2835027 2831582 2720 725 BOOKSTORE 611710 768336 768336 112139288 2008539 -6971 2015510 515 515 15694 15694 171622 34197 137425 137425 137425 100171019 1027854 89289354 1102270 10881665 -74416 10807249 10807249 MISC REVENUE 900099 342476 342476 DIGITAL PRINTING 900099 105207 105207 GRADUATE LAB 900099 11966 11966 15729 15729 475378 138711160 112253016 -4251 13335323 32302943 32302943 6697488 6697488 3666560 1017734 2314307 334519 38914873 30998379 6775975 1140519 2204522 1756054 383858 64610 6340174 5050386 1103970 185818 2963131 2227918 632569 102644 486282 23906 437376 25000 8000 8000 27028 27028 285853 285853 2393679 1639275 745451 8953 2241285 1775078 452066 14141 1617524 1321945 243556 52023 1858293 620619 1195211 42463 5788319 1019627 4761300 7392 549397 477071 61190 11136 279140 213487 50909 14744 3364422 3174952 189470 8856482 8286632 569850 2005590 1330474 675116 AUXILIARY - OTHER 2517944 2517844 100 MISC EXPENSES 1754325 1752745 -1023 2603 STUDENT SERVICES 425340 425340 MEMBERSHIPS 306602 96514 196881 13207 92800 92800 127947996 104726411 21174785 2046800 2457825 29995250 10643395 7570990 1136155 2908769 435289 385026 2031249 2670478 293679616 132815230 166275097 160864386 133716897 96214228 16396366 22086366 863704 354484 5683294 6005556 339639271 329055533 11265251 12218836 4291572 3904874 87405433 85659945 963570 910164 103925826 102693819 X 134002399 131403137 101711046 94958577 235713445 226361714 339639271 329055533 X 10763164 -19935937 -35800 -143158 X X 0 1 X 1 1 1 X 10926185 9486785 15132259 7759131 13127072 56431432 10926185 9486785 15132259 7759131 13127072 56431432 1487702 54943730 2440207 2868901 3573356 1656344 2202826 12741634 59773 10446 9052 0 0 79271 123420 108551 241278 143023 358205 974477 70226814 621735451 0.78240 0.67310 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: TICKET AND EVENT INCOME - 2017 AMOUNT: $ 34,580. 2018 AMOUNT: $ 42,257. 2019 AMOUNT: $ 47,366. 2020 AMOUNT: $ 736. 2021 AMOUNT: $ 8,523. DEPOSIT FORFEITURE - 2017 AMOUNT: $ 9,150. 2018 AMOUNT: $ 5,300. 2019 AMOUNT: $ 8,850. 2020 AMOUNT: $ 9,194. 2021 AMOUNT: $ 7,206. ALL OTHER REVENUE - 2017 AMOUNT: $ 79,690. 2018 AMOUNT: $ 60,994. 2019 AMOUNT: $ 185,062. 2020 AMOUNT: $ 133,093. 2021 AMOUNT: $ 342,476. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 2000 0 0 2000 0 SCHEDULE C, PART II-B, LINE 1G, COLUMN (B) THE AMOUNT REPORTED ONLINE 1G IS AN ESTIMATED AMOUNT. THE TOTAL AMOUNT IS DE MINIMIS. 0 2333352 X 0 117755151 2807047 -5959541 1765141 3426450 55295 109355771 90745429 1922650 29851879 1648321 3061167 55319 117755151 91048955 2427866 1830395 1338835 3123950 99002 90745429 90780041 5588434 -964758 1286150 3001016 67596 91048955 86140551 1635681 7208117 1188613 2910054 105641 90780041 0.31460 0.54580 0.13950 0 0 3159679 3159679 231795279 83863925 147931354 3914846 2501776 1413070 51427260 45896387 5530873 3382552 553142 2829410 160864386 PRIV EQ, LTD PSHIP & HEDGE FUNDS 22086366 F 22086366 REFUNDABLE ADVANCES FROM US GOV'T 76316 LIABILITY UNDER TRUST AGREEMENTS 100030 LEASE OBLIGATIONS 733818 910164 X 82323672 -19935937 34197 -19901740 102225412 36485748 36485748 138711160 91694426 35800 196378 232178 91462248 36485748 36485748 127947996 PART III, LINE 4: THE COLLEGE'S DONATED ARTWORK IS MAINTAINED BY THE COLLEGE IS USED TO EDUCATE STUDENTS IN FINE ARTS, APPLIED ARTS, AND ART EDUCATION. PART V, LINE 4: THE COLLEGE'S ENDOWMENT FUNDS ARE AN IMPORTANT SOURCE OF REVENUE WHICH SUPPORT SCHOLARSHIPS, GRANTS, SPECIALIZED PROGRAMS, AND GENERAL OPERATIONS OF THE COLLEGE. PART X, LINE 2: AS AN EDUCATIONAL INSTITUTION MEETING THE REQUIREMENTS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, THE COLLEGE IS EXEMPT FROM INCOME TAXES ON INCOME RELATED TO ITS EXEMPT PURPOSE AS PROVIDED IN SECTION 501(A), EXCEPT TO THE EXTENT IT HAS TAXABLE INCOME FROM ACTIVITIES THAT ARE NOT RELATED TO ITS EXEMPT PURPOSE. THE COLLEGE REVIEWS ITS TAX POSITION ANNUALLY AND HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE WITHIN THE CONSOLIDATED FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 34,197. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 36,485,748. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 34,197. RETURN OF CONTRIBUTION 162,181. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 36,485,748. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 6 FUNDS PROVIDED BY THE U.S. GOVERNMENT UNDER THE FEDERAL PERKINS LOAN PROGRAM ARE LOANED TO QUALIFIED STUDENTS. FEDERAL STUDENT FINANCIAL AID PROGRAMS (INCLUDING PERKINS OR GUARANTEED LOAN PROGRAMS, GRANT AND WORK-STUDY PROGRAMS) FUNDED APPROXIMATELY 23% OF TUITION AND ROOM AND BOARD REVENUES IN FY 2022. SCHEDULE E, LINE 3 MICA DISPLAYS A NOTICE OF ITS RACIALLY NONDISCRIMINATORY POLICY ON ITS PRIMARY PUBLICLY ACCESSIBLE INTERNET HOMEPAGE. IN ADDITION, BECAUSE MICA DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS BOTH NATIONWIDE AND INTERNATIONALLY, THE PUBLICITY REQUIREMENT IS SATISFIED BY INCLUDING A STATEMENT OF ITS RACIALLY NONDISCRIMINATORY POLICY IN ALL ITS BROCHURES AND CATALOGS DEALING WITH STUDENT ADMISSIONS, PROGRAMS, AND SCHOLARSHIPS. THE FOLLOWING STATEMENTS APPEAR ON THE COLLEGE'S WEBSITE AND IN THE COLLEGE'S CATALOG: NOTICE OF NONDISCRIMINATION IN EDUCATION AND EMPLOYMENT THE MARYLAND INSTITUTE COLLEGE OF ART DOES NOT DISCRIMINATE AGAINST ANY INDIVIDUAL FOR REASONS OF RACE, COLOR, RELIGION, NATIONAL ORIGIN, AGE, SEX, OR HANDICAP IN ANY RELATIONSHIP WITH THE INSTITUTION OR IN ANY OF ITS PROGRAMS OR OFFERINGS, HIRING OF FACULTY AND STAFF, OR ANY TERMS AND CONDITIONS OF EMPLOYMENT. INQUIRIES CONCERNING THE APPLICATION OF THESE REGULATIONS MAY BE REFERRED TO THE AFFIRMATIVE ACTION OFFICER. THE COLLEGE RESERVES THE RIGHT IN ITS DISCRETION TO MAKE FROM TIME TO TIME CHANGES AFFECTING POLICIES, FEES, CURRICULA, OR OTHER MATTERS ANNOUNCED IN THIS CATALOG. THE STATEMENTS IN THIS CATALOG DO NOT CONSTITUTE A CONTRACT. STATEMENT OF EQUAL OPPORTUNITY AND SERVICES TO THE DISABLED IN COMPLIANCE WITH FEDERAL, STATE, AND LOCAL LAWS AND REGULATIONS, THE MARYLAND INSTITUTE COLLEGE OF ART DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, NATIONAL ORIGIN, SEX, SEXUAL ORIENTATION, MARITAL STATUS, AGE, DISABILITY, AND APPLICABLE VETERAN STATUS, IN THE ADMINISTRATION OF ITS EDUCATIONAL PROGRAMS ACTIVITIES, OR WITH RESPECT TO EMPLOYMENT. IT IS THE POLICY OF THE MARYLAND INSTITUTE TO PROVIDE THOSE AUXILIARY AIDS AND SERVICES THAT MAY BE NECESSARY TO ENSURE THAT NO INDIVIDUAL WITH A DISABILITY IS EXCLUDED, DENIED SERVICES, SEGREGATED, OR OTHERWISE TREATED DIFFERENTLY THAN OTHER INDIVIDUALS. THESE SERVICES CAN BE ARRANGED THROUGH THE DEAN OF STUDENTS. THESE POLICIES APPLY TO PRESENT AND PROSPECTIVE STUDENTS AND EMPLOYEES. PRESENT OR PROSPECTIVE STUDENTS DESIRING FURTHER INFORMATION SHOULD CONTACT THE OFFICE OF THE DEAN OF THE PROGRAM IN WHICH THEY ARE INTERESTED: UNDERGRADUATE: 410-225-2222 GRADUATE: 410-225-2255 CONTINUING STUDIES: 410-225-2219 PRESENT OR PROSPECTIVE EMPLOYEES SHOULD CONTACT THE DIRECTOR OF ADMINISTRATIVE SERVICES: 410-225-2406 1 CENTRAL AMERICA AND THE CARIBBEAN 0 2 GRANT MAKING STUDY ABROAD 29750 EAST ASIA AND THE PACIFIC 0 364 GRANT MAKING STUDY ABROAD 5218352 EUROPE 0 8 GRANT MAKING STUDY ABROAD 218650 MIDDLE EAST AND NORTH AFRICA 0 2 GRANT MAKING STUDY ABROAD 25000 NORTH AMERICA 0 12 GRANT MAKING STUDY ABROAD 289924 RUSSIA AND NEIGHBORING STATES 0 3 GRANT MAKING STUDY ABROAD 82095 SOUTH AMERICA 0 9 GRANT MAKING STUDY ABROAD 200546 SOUTH ASIA 0 23 GRANT MAKING STUDY ABROAD 471555 SUB-SAHARAN AFRICA 0 6 GRANT MAKING STUDY ABROAD 161616 0 423 0 6 0 429 6535872 161616 6697488 EDUCATIONAL CENTRAL AMERICA/CARIBBEAN 2 29750 WIRE EDUCATIONAL EAST ASIA/PACIFIC 364 5218352 WIRE EDUCATIONAL EUROPE 8 218650 WIRE EDUCATIONAL MIDDLE EAST/NORTH AFRICA 2 25000 WIRE EDUCATIONAL NORTH AMERICA 12 289924 WIRE EDUCATIONAL RUSSIA AND THE NEIGHBORING STATES 3 82095 WIRE EDUCATIONAL SOUTH AMERICA 9 200546 WIRE EDUCATIONAL SOUTH ASIA 23 471555 WIRE EDUCATIONAL SUB-SAHARAN AFRICA 6 161616 WIRE 1 0 1 1 1 0 PART I, LINE 2: STUDENT FINANCIAL AID FOR FINANCIAL AID GRANTS/SCHOLARSHIPS, THE COLLEGE AWARDS THESE TO STUDENTS EACH SEMESTER BASED ON SEVERAL FACTORS. THE AWARDS ARE APPLIED DIRECTLY TO THE STUDENT'S ACCOUNT BALANCE FOR TUITION. THE AWARDS ARE ACCOUNTED FOR ON THE ACCRUAL METHOD. THE INVESTMENTS ARE SHOWN AT FAIR VALUE AS OF THE END OF THE FISCAL YEAR. THE PROGRAM SERVICE EXPENSES ARE ACCOUNTED FOR ON THE ACCRUAL METHOD. PART III ACCOUNTING METHOD: X X X X X X 0 WILLIAM PRESTON MASSEY PO BOX 1352 MANTEO NC 27954 GIVING 0 0 27028 -27028 27028 -27028 MD 1 0 0 COMPETITIVE SCHOLARSHIPS 1159 20278033 UNDERGRADUATE MI GRANTS 913 3493817 GRADUATE SCHOLARSHIPS 178 3141446 RESTRICTED SCHOLARSHIPS&AWARDS 414 2026878 SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT 330 314515 CONTINUING STUDIES SCHOLARSHIP 32 27610 DEPARTMENTAL SCHOLARSHIPS 117 251053 LUCAS SCHOLARSHIPS 34 91213 CONTINUING STUDIES DISCOUNTS 10 1513 ENTREPRENEURSHIP GRANTS/PRIZES AND AWARDS 52 466607 QUALIFIED DISASTER RELIEF PAYMENTS 262 2210258 PART I, LINE 2: FOR FINANCIAL AID GRANTS/SCHOLARSHIPS, THE COLLEGE AWARDS THESE TO STUDENTS EACH SEMESTER BASED ON SEVERAL FACTORS. THE AWARDS ARE APPLIED DIRECTLY TO THE STUDENT'S ACCOUNT BALANCE FOR TUITION. FOR FACULTY DEVELOPMENT GRANTS, THE COLLEGE COLLECTS A DETAILED ACCOUNTING OF ALL GRANT RELATED EXPENDITURES ALONG WITH ALL CORRESPONDING RECEIPTS. ALL EXPENDITURES ARE REVIEWED TO ENSURE THAT THEY ARE RELATED TO THE GRANT AND THERE IS PROPER DOCUMENTATION. THE GRANT RECIPIENT ALSO SUBMITS A REPORT TO ACADEMIC AFFAIRS SUMMARIZING THEIR EXPERIENCE. ENTREPRENEURSHIP GRANTS ARE AWARDED TO STUDENTS, GRADUATES AND ALUMNI WHO ARE LAUNCHING OR GROWING BUSINESSES IN BALTIMORE. A PANEL OF JUDGES DETERMINES THE AWARDEES BASED UPON SEVERAL FACTORS. ALL GRANTS ARE MONITORED THROUGH PROGRESS REPORTING WHICH INCLUDE DESCRIPTIONS OF GRANT SUPPORTED ACTIVITIES THAT HAVE BEEN UNDERTAKEN SINCE THE GRANT PERIOD START DATE. THE GRANTEE ALSO SUBMITS A FINAL REPORT DESCRIBING BUSINESS ACTIVITY INCLUDING: LOCATION AND STATUS OF BUSINESS, JOBS CREATED OR LOST, CLIENT LIST AND LOCATIONS, STRATEGIC ADVISER LIST AND PAIN POINTS FOR ANY ADDITIONAL SUPPORT NEEDED. QUALIFIED DISASTER RELIEF PAYMENTS WERE AWARDED TO STUDENTS IN ACCORDANCE WITH THE FEDERAL CARES ACT. STUDENTS WHO MET BASIC ELIGIBILITY CRITERIA FOR FEDERAL FINANCIAL AID RECEIVED A QUALIFIED EMERGENCY RELIEF PAYMENT. X X X X 0 0 0 0 0 0 0 0 0 SAMUEL HOI PRESIDENT 545651 0 0 0 0 0 32100 0 11442 0 589193 0 0 0 DON JONES VP ADVANCEMENT 263447 0 0 0 0 0 10219 0 15808 0 289474 0 0 0 ALEXANDRA KIM VP TECHNOLOGY 231697 0 0 0 0 0 14498 0 15932 0 262127 0 0 0 DOUGLAS MANN VP FINANCE & OPERATIONS (END 10/21) 243454 0 0 0 0 0 0 0 4261 0 247715 0 0 0 AUDREY TANNER VP, ADMISSION AND FINANCIAL AID 207761 0 0 0 0 0 10386 0 9224 0 227371 0 0 0 DAVID BOGEN VP OF ACADEMIC AFFAIRS (END 7/21) 192308 0 0 0 0 0 9227 0 12684 0 214219 0 0 0 SHERI PARKS VP STRATEGIC INIT 192053 0 0 0 0 0 11412 0 9551 0 213016 0 0 0 TIFFANY HOLMES VICE PROVOST - ACADEMIC AFFAIRS 175615 0 0 0 0 0 10963 0 18539 0 205117 0 0 0 MICHAEL PATTERSON VP STUDENT AFFAIRS 163851 0 0 0 0 0 9778 0 18704 0 192333 0 0 0 CHRISTIAN LALLO VP STRATEGIC COMM 154111 0 0 0 0 0 7605 0 14908 0 176624 0 0 0 STACEY SALAZAR VICE PROVOST - GRADUATE STUDIES 152214 0 0 0 0 0 8818 0 8665 0 169697 0 0 0 DAVID GRACYALNY VICE PROVOST-OPEN STUDIES 138706 0 0 0 0 0 8406 0 14001 0 161113 0 0 0 SCOTT NOBEL AVP FACILITIES MGT 136235 0 0 0 0 0 8098 0 15686 0 160019 0 0 0 MICHAEL WEIKERT DIR OF CTR FOR DESIGN PRACTICE 140269 0 0 0 0 0 0 0 18635 0 158904 0 0 0 COLETTE VEASEY-CULLORS INTERIM VP - UG STUDIES 143612 0 0 0 0 0 8133 0 528 0 152273 0 0 0 A MHHEFA BONDS 2012 520936091 5742168D2 2012-10-10 37371463 SEE PART VI 0 0 0 B MHHEFA BONDS 2016 520936091 574218F32 2016-10-06 40942422 SEE PART VI 0 0 0 C MHHEFA BONDS 2017 520936091 574218K36 2017-03-07 19920236 SEE PART VI 0 0 0 A 5845000 37371463 913803 13325756 128622 23010321 2013 1 0 1 1 B 870000 40942422 441592 40500830 2017 1 1 1 1 C 1000000 19920236 221370 19698866 2017 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MHHEFA BONDS 2012 DATE THE REBATE COMPUTATION WAS PERFORMED: 06/01/2017 SCH K, PART I LINE C (2012) PURPOSE OF 2012 BOND ISSUE REFUNDING OF 07/22/1998 BOND ISSUE, AND ADDITIONAL FUNDS FOR CONSTRUCTION OF RESIDENCE HALL AND FOR RENOVATION OF FACILITIES ON CAMPUS. SCH K, PART I LINE C (2016) PURPOSE OF 2016 BOND ISSUE REFUNDING OF 2006 & 2007 BOND ISSUES SCH K, PART I LINE C (2017) PURPOSE OF 2017 BOND ISSUE REFUNDING OF 2007 BOND ISSUE SCH K, PART III, LINE 3A (2012, 2016, 2017) ALL MANAGEMENT CONTRACTS AND SERVICE AGREEMENTS EITHER FALL UNDER THE SAFE HARBOR PROVIDED OR INCIDENTAL EXCEPTION; THEREFORE, DO NOT CONSTITUTE PRIVATE BUSINESS USE. SCH K, PART IV, LINE 2C (2012) THE LAST REBATE CALCULATION FOR THE 2012 BOND ISSUE WAS COMPLETED ON JUNE 1, 2017. X 5 X 0 X 2 501762 AVG SELLING PRICE X 1 1100000 FMV X ART SUPPLIES 5 0 X EQUPIMENT 3 0 X FURNITURE 1 0 2 0 1 0 SCHEDULE M, PART I, LINE 33 THE COLLEGE DOES NOT RECORD CONTRIBUTIONS OF IN-KIND PROPERTY IN THE ACCOUNTING RECORDS UNLESS IT IS AN ITEM OF CONSIDERABLE VALUE. (THE COLLEGE CONSIDERS THIS TO BE ANYTHING OVER $20,000). FORM 990, PART I, LINE 1 DEGREE GRANTING COLLEGE-MARYLAND INSTITUTE COLLEGE OF ART IS A PRIVATE COLLEGE DEDICATED TO THE EDUCATION OF PROFESSIONAL ARTISTS AND THE FURTHER ADVANCEMENT OF ART IN THE COMMUNITY. FORM 990, PART VI, SECTION B, LINE 11B AN ELECTRONIC COPY OF THE ORGANIZATION'S FORM 990 (INCLUDING ALL SCHEDULES), WAS PROVIDED TO EACH VOTING MEMBER OF THE ORGANIZATION'S GOVERNING BODY PRIOR TO ITS FILING WITH THE IRS. THE ORGANIZATION'S OFFICERS AND FULL BOARD OF TRUSTEES PERFORMED A HIGH-LEVEL REVIEW OF THE PREPARED FORM 990 PRIOR TO FILING IT WITH THE IRS. A MORE IN-DEPTH REVIEW WAS PERFORMED BY THE BOARD FINANCE COMMITTEE, WHICH IS COMPRISED OF TRUSTEES AND OFFICERS. FORM 990, PART VI, SECTION B, LINE 12C EACH TRUSTEE AND OFFICER ANNUALLY SIGNS A STATEMENT THAT AFFIRMS SUCH PERSON HAS RECEIVED AND CAREFULLY READ THE CONFLICT OF INTEREST POLICY, UNDERSTANDS AND AGREES TO COMPLY WITH THE POLICY, AND FURTHER UNDERSTANDS THAT THE COLLEGE IS A CHARITABLE ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION, IT MUST ENGAGE PRIMARILY IN ACTIVITIES THAT ACCOMPLISH ONE OR MORE OF ITS TAX EXEMPT PURPOSES. TRUSTEES AND OFFICERS ARE COVERED UNDER THE CONFLICT OF INTEREST POLICY. TRUSTEES OR OFFICERS WHO HAVE DECLARED OR HAVE BEEN FOUND TO HAVE A CONFLICT OF INTEREST SHALL REFRAIN FROM PARTICIPATING IN THE CONSIDERATION OF ANY PROPOSED TRANSACTION, UNLESS FOR SPECIAL REASONS THE BOARD REQUESTS INFORMATION OR INTERPRETATION FROM THE PERSON OR PERSONS INVOLVED, AND SHALL NOT VOTE, OR BE PRESENT AT THE TIME OF VOTING, ON ANY MATTER UNDER CONSIDERATION AT A BOARD OR COMMITTEE MEETING WHICH SUCH TRUSTEE HAS A KNOWN CONFLICT OF INTEREST. THE CHAIRMAN OF THE BOARD, WHO, TOGETHER WITH COUNSEL, SHALL BE RESPONSIBLE FOR ADMINISTRATION OF THIS POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION LEVELS FOR THE PRESIDENT AND VICE PRESIDENTS ARE BASED ON MARKET DATA AT AICAD SCHOOLS AND OTHER LIBERAL ARTS COLLEGES. THE PRESIDENT'S COMPENSATION IS REVIEWED BY AN INDEPENDENT AD HOC COMMITTEE OF THE BOARD CONSISTING OF SEVERAL PAST BOARD CHAIRS AND IS DISCUSSED WITH THE BOARD EXECUTIVE COMMITTEE. COMPENSATION LEVELS FOR THE VICE PRESIDENTS ARE ALSO REVIEWED BY THE BOARD EXECUTIVE COMMITTEE. PERIODICALLY THE COLLEGE ENGAGES AN INDEPENDENT COMPENSATION CONSULTING FIRM TO ASSESS MICA'S EXECUTIVE LEVEL SALARIES RELATIVE TO THE MARKET. THE MOST RECENT STUDY WAS DONE IN 2016 AND IT CONCLUDED THAT THE SALARIES OF MICA'S PRESIDENT AND VICE PRESIDENTS WERE ALIGNED WITH OTHER COMPARABLE COLLEGES AND UNIVERSITIES. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: GAIN ON SALE OF PROPERTY 19,027. REFUND OF CONTRIBUTION -162,185. FORM 990, PART XII, LINE 2C: THE PROCESS DID NOT CHANGE FROM THE PRIOR YEAR. POOLED INCOME FUND (1) ANNUITY MD T 0 CHARITABLE REMAINDER TRUSTS (4) ANNUITY MD T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0