PRESCOTT COLLEGE INC: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- PRESCOTT COLLEGE INC (EIN 86-0294012)
- Tax period
- 2021-07-01 to 2022-06-30
- Filed
- 2023-05-15
- IRS object ID
- 202321359349304182
- Schema version
- 2021v4.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule F
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-05-15T09:40:23-05:00 | ReturnTs |
| Tax Period End | 2022-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 410746749 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8390 EAST CRESCENT PARKWAY SUITE | AddressLine1Txt |
| Address Line2 | 300 | AddressLine2Txt |
| City | GREENWOOD VILLAGE | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80111 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2021-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 860294012 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PRESCOTT COLLEGE INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PRES | BusinessNameControlTxt |
| Phone | 9283504010 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 220 GROVE AVE | AddressLine1Txt |
| City | PRESCOTT | CityNm |
| State Abbreviation | AZ | StateAbbreviationCd |
| ZIP | 86301 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BARBARA MORRIS | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 9283504010 | PhoneNum |
| Signature | 2023-05-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | BARBARA | PersonFirstNm |
| Person Last | MORRIS | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | SARAH HINTZ | PreparerPersonNm |
| PTIN | P00492291 | PTIN |
| Phone | 3037795710 | PhoneNum |
| Preparation | 2023-05-11 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 0 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | BARBARA MORRIS | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 220 GROVE AVE | AddressLine1Txt |
| City | PRESCOTT | CityNm |
| State Abbreviation | AZ | StateAbbreviationCd |
| ZIP | 86301 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $27,316,914 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.PRESCOTT.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1975 | FormationYr |
| Legal Domicile State | AZ | LegalDomicileStateCd |
| Activity Or Mission | TOGETHER, WE CREATE INTERDISCIPLINARY, EXPERIENTIAL, AND DIVERSE LEARNING ENVIRONMENTS THAT INSPIRE FUTURE LEADERS TO DEVELOP A HEALTHY, JUST AND SUSTAINABLE WORLD. | ActivityOrMissionDesc |
| Voting Members Governing Body | 20 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 18 | VotingMembersIndependentCnt |
| Total Employee | 588 | TotalEmployeeCnt |
| Total Volunteers | 20 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $6,733,461 | PYContributionsGrantsAmt |
| CY Contributions Grants | $5,447,232 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $20,516,265 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $21,045,321 | CYProgramServiceRevenueAmt |
| PY Investment Income | $49,586 | PYInvestmentIncomeAmt |
| CY Investment Income | $57,450 | CYInvestmentIncomeAmt |
| PY Other Revenue | $688,269 | PYOtherRevenueAmt |
| CY Other Revenue | $197,714 | CYOtherRevenueAmt |
| PY Total Revenue | $27,987,581 | PYTotalRevenueAmt |
| CY Total Revenue | $26,747,717 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $7,152,104 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $6,297,510 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $11,667,544 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $12,207,174 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $286,201 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $6,894,013 | PYOtherExpensesAmt |
| CY Other Expenses | $6,104,336 | CYOtherExpensesAmt |
| PY Total Expenses | $25,713,661 | PYTotalExpensesAmt |
| CY Total Expenses | $24,609,020 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $2,273,920 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $2,138,697 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $32,109,513 | TotalAssetsBOYAmt |
| Total Assets EOY | $31,324,779 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $14,030,271 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $11,147,715 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $18,079,242 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $20,177,064 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | TOGETHER, WE CREATE INTERDISCIPLINARY, EXPERIENTIAL, AND DIVERSE LEARNING ENVIRONMENTS THAT INSPIRE FUTURE LEADERS TO DEVELOP A HEALTHY, JUST AND SUSTAINABLE WORLD. WE VALUE OUR INCLUSIVE COMMUNITY, EXPERIENTIAL AND FIELD-BASED LEARNING, A CULTURE OF CREATIVITY, JUSTICE, INDIVIDUALIZED EDUCATION, AND REGENERATIVE SUSTAINABILITY. PRESCOTT COLLEGE PROVIDES EXPERIENTIAL AND COLLABORATIVE EDUCATION, CREATING OPPORTUNITIES FOR STUDENTS TO EFFECT POSITIVE CHANGE IN EDUCATION, ENVIRONMENT, AND SOCIETY. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $15,962,458 | ExpenseAmt |
| Grant | $5,332,119 | GrantAmt |
| Revenue | $8,180,299 | RevenueAmt |
| Desc | UNDERGRADUATE - ON-CAMPUS: PRESCOTT COLLEGE OFFERS EXPERIENCE-BASED BACHELOR OF ARTS, BACHELOR OF SCIENCE, AND BACHELOR OF FINE ARTS DEGREES FOCUSED ON JUSTICE, THE ENVIRONMENT, EDUCATION, ADVENTURE EDUCATION, AND THE HUMAN EXPERIENCE WITHIN A LIBERAL ARTS CURRICULUM. IN 2022, PRESCOTT COLLEGE EARNED A STARS SILVER RATING IN RECOGNITION OF ITS SUSTAINABILITY ACHIEVEMENTS FROM THE ASSOCIATION FOR THE ADVANCEMENT OF SUSTAINABILITY IN HIGHER EDUCATION (AASHE). STARS, THE SUSTAINABILITY TRACKING, ASSESSMENT & RATING SYSTEM MEASURES AND ENCOURAGES SUSTAINABILITY IN ALL ASPECTS OF HIGHER EDUCATION. PRESCOTT COLLEGE HAS ALSO BEEN RECOGNIZED BY US NEWS AND WORLD REPORT IN 2022 AS A TOP PERFORMER FOR SOCIAL MOBILITY. FALL 2021 FULL-TIME EQUIVALENTS 236 | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $407,607 | ExpenseAmt |
| Grant | $52,531 | GrantAmt |
| Revenue | $1,626,128 | RevenueAmt |
| Desc | UNDERGRADUATE - ON-LINE: PRESCOTT COLLEGE OFFERS ONLINE YET EXPERIENCE-BASED BACHELOR OF ARTS, BACHELOR OF SCIENCE, AND BACHELOR OF FINE ARTS DEGREES FOCUSED ON JUSTICE, THE ENVIRONMENT, EDUCATION, ADVENTURE EDUCATION, AND THE HUMAN EXPERIENCE WITHIN A LIBERAL ARTS CURRICULUM. IN 2022 PRESCOTT COLLEGE EARNED A STARS SILVER RATING IN RECOGNITION OF ITS SUSTAINABILITY ACHIEVEMENTS FROM THE ASSOCIATION FOR THE ADVANCEMENT OF SUSTAINABILITY IN HIGHER EDUCATION (AASHE). STARS, THE SUSTAINABILITY TRACKING, ASSESSMENT & RATING SYSTEM MEASURES AND ENCOURAGES SUSTAINABILITY IN ALL ASPECTS OF HIGHER EDUCATION. PRESCOTT COLLEGE HAS ALSO BEEN RECOGNIZED BY US NEWS AND WORLD REPORT IN 2022 AS A TOP PERFORMER FOR SOCIAL MOBILITY. FALL 2021 FULL-TIME EQUIVALENTS 129 | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $913,571 | ExpenseAmt |
| Grant | $250,572 | GrantAmt |
| Revenue | $4,010,594 | RevenueAmt |
| Desc | COUNSELING - MASTERS - PRESCOTT COLLEGE'S CACREP-ACCREDITED MS IN COUNSELING GIVES STUDENTS THE OPPORTUNITY TO FOCUS ON AREAS OF EMPHASIS INCLUDING: HUMAN SEXUALITY COUNSELING; MARRIAGE, COUPLE, AND FAMILY COUNSELING; SOCIAL JUSTICE IN COUNSELING; AND SOMATIC COUNSELING. STUDENTS CAN ALSO EARN POST GRADUATE CERTIFICATES IN ADVENTURE-BASED COUNSELING, NATURE-BASED COUNSELING, OR EXPRESSIVE ART THERAPY TO ENHANCE THEIR LEARNING AND FUTURE PRACTICE. IN 2023, PRESCOTT COLLEGE LAUNCHED A NEW EDUCATION SPECIALIST (ED.S.) DEGREE IN EXPERIENTIAL COUNSELING. THE PROGRAM IS DESIGNED TO DEVELOP SKILLS AND KNOWLEDGE NECESSARY TO INCORPORATE THE EXPERIENCE OF EXPERIENTIAL COUNSELING, PARTICULARLY IN ADVENTURE-BASED, NATURE-BASED, AND OUTDOOR MODALITIES. GRADUATES OF THE PROGRAM WILL BE EMPLOYABLE IN A RANGE OF SETTINGS, FROM EDUCATIONAL TO CLINICAL. FALL 2021 FULL-TIME EQUIVALENTS 159 | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp (3 entries)
| ExpenseExpenseAmt | GrantGrantAmt | RevenueRevenueAmt | DescDesc |
|---|---|---|---|
| $368,364 | $0 | $368,364 | TITLE III PROGRAM: PRESCOTT COLLEGE HAS RECEIVED A $2.2-MILLION GRANT FROM THE U.S. DEPARTMENT OF EDUCATION THROUGH THE TITLE III STRENGTHENING INSTITUTIONS PROGRAM (SIP) TO IMPLEMENT A COMPREHENSIVE DEVELOPMENT PLAN: MAKING A DIFFERENCE: TRANSFORMING THE UNDERGRADUATE EXPERIENCE. THE AWARD, WHICH IS BEING DISTRIBUTED OVER FIVE YEARS, PROVIDES THE COLLEGE WITH THE RESOURCES TO SIGNIFICANTLY INCREASE STUDENT SUCCESS, ENSURE INSTITUTIONAL VITALITY, AND INTENSIFY ITS EFFORT TO DEVELOP LEADERS FOR THE FUTURE. THIS IS THE FIRST TIME THAT PRESCOTT COLLEGE HAS RECEIVED TITLE III FUNDS. THE TITLE III PROJECT IS DRIVEN BY GOALS INTENDED TO REMOVE BARRIERS FOR THE IDENTIFIED MINORITY GROUPS, PROVIDING EQUAL ACCESS AND PARTICIPATION IN HIGHER EDUCATION TIED TO DEGREE ATTAINMENT AND ECONOMIC MOBILITY. THE INITIAL AWARD FOR THE FIRST YEAR IS DESIGNED TO HELP ELIGIBLE INSTITUTIONS OF HIGHER EDUCATION TO BECOME SELF-SUFFICIENT AND EXPAND THEIR CAPACITY TO SERVE LOW-INCOME STUDENTS BY PROVIDING FUNDS TO IMPROVE AND STRENGTHEN THE ACADEMIC QUALITY, INSTITUTIONAL MANAGEMENT AND FISCAL STABILITY OF ELIGIBLE INSTITUTIONS. |
| $1,191,364 | $0 | $1,484,408 | ARIZONA SERVE PROGRAM: THE MISSION OF ARIZONA SERVE IS TO CONNECT PASSIONATE PEOPLE WITH TRANSFORMATIVE COMMUNITY PROJECTS TO FIGHT POVERTY. THE VISION IS THAT COMMUNITIES AND THE INDIVIDUALS WHO SERVE THEM THRIVE WHEN EVERY PERSON CONTRIBUTES TO A SUSTAINABLE AND JUST EXISTENCE. ARIZONA SERVE INCLUDES AMERICACORPS AND VISTA NATIONAL SERVICE PROGRAMS DESIGNED TO IMPROVE LIVES AND FOSTER CIVIC ENGAGEMENT. MEMBERS COMMIT THEIR TIME TO ADDRESS CRITICAL COMMUNITY NEEDS LIKE INCREASING ACADEMIC ACHIEVEMENT, MENTORING YOUTH, FIGHTING POVERTY, SUSTAINING NATIONAL PARKS, PREPARING FOR DISASTERS, AND MORE. FY 2021-22 MEMBERS - 175 |
| $2,572,641 | $662,288 | $5,447,928 | MASTERS AND PHD ON-LINE: PRESCOTT COLLEGE MASTERS AND PHD PROGRAMS ARE OFFERED IN THE AREAS OF SUSTAINABILITY, SOCIAL JUSTICE, BUSINESS, EDUCATION, COUNSELING, PSYCHOLOGY, OUTDOOR EDUCATION, AND INTERDISCIPLINARY STUDIES. ALL PROGRAMS ARE OFFERED IN AN ONLINE OR HYBRID FORMAT WHILE FOCUSING ON EXPERIENTIAL EDUCATION. XX% OF FACULTY HOLD TERMINAL DEGREES IN THEIR FIELDS. THEY FREQUENTLY SERVE AS SUBJECT MATTER EXPERTS IN THE LOCAL AND NATIONAL COMMUNITIES THROUGH PUBLISHED WORKS AND SPEAKING ENGAGEMENTS. FALL 2021 FULL-TIME EQUIVALENTS 238 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $4,132,369 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Grant | $662,288 | TotalOtherProgSrvcGrantAmt |
| Total Other Prog Srvc Revenue | $7,300,700 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $21,416,005 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | Yes (1) | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | Yes (1) | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | Yes (1) | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 170 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 588 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | Yes (1) | ForeignFinancialAccountInd |
| Foreign Country | MX | ForeignCountryCd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Form1098 C Filed | Yes (1) | Form1098CFiledInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 20 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 18 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | AZ | StatesWhereCopyOfReturnIsFldCd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MICHELE PETERSON | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9283504010 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 220 GROVE AVE | AddressLine1Txt |
| City | PRESCOTT | CityNm |
| State Abbreviation | AZ | StateAbbreviationCd |
| ZIP | 86301 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (30 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| PAUL BURKHARDT | |||||||
| PROVOST | 40.00 | Yes (X) | $166,770 | $0 | $6,977 | ||
| BARBARA MORRIS | |||||||
| PRESIDENT/CEO | 40.00 | Yes (X) | $153,879 | $0 | $2,928 | Yes (X) | |
| JOHN FLICKER | |||||||
| PRESIDENT/CEO THRU JULY 2022 | 40.00 | Yes (X) | $130,633 | $0 | $4,415 | Yes (X) | |
| CARLA SNOOK | |||||||
| MARKETING STRATEGIST | 40.00 | $120,526 | $0 | $54,394 | Yes (X) | ||
| ANDREA JAECKEL | |||||||
| CFO | 40.00 | Yes (X) | $116,652 | $0 | $6,273 | ||
| JERRI BROWN | |||||||
| DEPUTY COO | 40.00 | $113,035 | $0 | $6,083 | Yes (X) | ||
| JULIE MUNRO | |||||||
| SECRETARY - FACULTY REPRESENTATIVE | 1.00 | Yes (X) | $57,940 | $0 | $6,119 | Yes (X) | |
| ROXANN GALLAGHER | |||||||
| TRUSTEE THRU MAY 2022 | 1.00 | $49,759 | $0 | $0 | Yes (X) | ||
| KACEY MILLER | |||||||
| TRUSTEE - STAFF REPRESENTATIVE | 1.00 | $41,128 | $0 | $6,041 | Yes (X) | ||
| ALETHA MCCULLOUGH | |||||||
| TRUSTEE THRU MAY 2022 | 1.00 | $8,800 | $0 | $0 | Yes (X) | ||
| CLAUDIA KLINE | |||||||
| TRUSTEE THRU MAY 2022 | 1.00 | $3,101 | $0 | $0 | Yes (X) | ||
| LYNNE NEMETH | |||||||
| CHAIRMAN | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| JESSE HERNREICH | |||||||
| VICE CHAIR | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| JAMES P WALSH | |||||||
| IMMED. PAST CHAIRMAN THRU MAY 2022 | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| GEOFFREY BARNARD | |||||||
| TRUSTEE | 1.00 | $0 | $0 | $0 | Yes (X) | ||
| MEGAN BLOOMER | |||||||
| TRUSTEE | 1.00 | $0 | $0 | $0 | Yes (X) | ||
| MERRILEE CALDWELL | |||||||
| TRUSTEE | 1.00 | $0 | $0 | $0 | Yes (X) | ||
| JENNIE MARIE DURAN | |||||||
| TRUSTEE | 1.00 | $0 | $0 | $0 | Yes (X) | ||
| CRISTINA EISENBERG | |||||||
| TRUSTEE | 1.00 | $0 | $0 | $0 | Yes (X) | ||
| CORAL EVANS | |||||||
| TRUSTEE | 1.00 | $0 | $0 | $0 | Yes (X) | ||
| ELLEN HEFFERNAN | |||||||
| TRUSTEE | 1.00 | $0 | $0 | $0 | Yes (X) | ||
| JAYANNA KILLINGSWORTH | |||||||
| TRUSTEE | 1.00 | $0 | $0 | $0 | Yes (X) | ||
| TAMMY MCLEOD | |||||||
| TRUSTEE | 1.00 | $0 | $0 | $0 | Yes (X) | ||
| ELLIOT ROGERS | |||||||
| TRUSTEE | 1.00 | $0 | $0 | $0 | Yes (X) | ||
| KATRINA ROGERS | |||||||
| TRUSTEE | 1.00 | $0 | $0 | $0 | Yes (X) | ||
| KATHLEEN MURPHY | |||||||
| TRUSTEE | 1.00 | $0 | $0 | $0 | Yes (X) | ||
| TONY SKRELUNAS | |||||||
| TRUSTEE | 1.00 | $0 | $0 | $0 | Yes (X) | ||
| MARK THORKELSON | |||||||
| TRUSTEE | 1.00 | $0 | $0 | $0 | Yes (X) | ||
| ANNETTE TRACY | |||||||
| TRUSTEE | 1.00 | $0 | $0 | $0 | Yes (X) | ||
| MICHAEL ZIMBER | |||||||
| TRUSTEE | 1.00 | $0 | $0 | $0 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $962,223 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $93,230 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 6 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (4 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt | Address Line1ContractorAddress/ForeignAddress/AddressLine1Txt | CityContractorAddress/ForeignAddress/CityNm | CountryContractorAddress/ForeignAddress/CountryCd |
|---|---|---|---|---|---|---|---|---|
| ELLUCIAN COMPANY | ||||||||
| 62578 COLLECTIONS CENTER DR | CHICAGO | IL | 60693 | SOFTWARE LICENSES & MAINTENANCE | $163,479 | |||
| GOLD-ATLAS EXPEDITIONS | ||||||||
| FIELD STATION SUPPORT | $149,162 | N/A | NAIROBI | KE | ||||
| COLLEGIATE ENTERPRISE SOLUTIONS LLC | ||||||||
| 3 CENTENNIAL DR 50G | PEABODY | MA | 01960 | CONSULTING | $130,325 | |||
| EBSCO INDUSTRIES INC | ||||||||
| 5724 US-280 | BIRMINGHAM | AL | 35242 | CONSULTING | $124,365 | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 4 | CntrctRcvdGreaterThan100KCnt |
| Federated Campaigns | $10,000 | FederatedCampaignsAmt |
| Government Grants | $3,402,646 | GovernmentGrantsAmt |
| All Other Contributions | $2,034,586 | AllOtherContributionsAmt |
| Noncash Contributions | $27,980 | NoncashContributionsAmt |
| Total Contributions | $5,447,232 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION & STUDENT FEES | 611310 | $19,053,420 | $19,053,420 |
| STUDENT SERVICE FEES | 611310 | $895,792 | $895,792 |
| STUDENT HOUSING | 611310 | $680,272 | $680,272 |
| TECHNOLOGY | 611310 | $289,800 | $289,800 |
| SUSTAINABILITY | 611310 | $126,000 | $126,000 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $37 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $37 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $21,045,321 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $69,580 | TotalRevenueColumnAmt |
| Exclusion | $69,580 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $135,499 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $10,185 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $125,314 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $125,314 | TotalRevenueColumnAmt |
| Exclusion | $125,314 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $495,000 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $507,130 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -$12,130 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$12,130 | TotalRevenueColumnAmt |
| Exclusion | -$12,130 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $124,282 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $51,882 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $72,400 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $72,400 | RelatedOrExemptFuncIncomeAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $26,747,717 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $21,117,721 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $182,764 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,136,578 | TotalAmt |
| Program Services | $6,136,578 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $160,932 | TotalAmt |
| Program Services | $160,932 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $828,033 | TotalAmt |
| Program Services | $117,298 | ProgramServicesAmt |
| Management And General | $645,098 | ManagementAndGeneralAmt |
| Fundraising | $65,637 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,290,354 | TotalAmt |
| Program Services | $8,346,602 | ProgramServicesAmt |
| Management And General | $918,728 | ManagementAndGeneralAmt |
| Fundraising | $25,024 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $114,301 | TotalAmt |
| Program Services | $114,301 | ProgramServicesAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,171,778 | TotalAmt |
| Program Services | $1,081,285 | ProgramServicesAmt |
| Management And General | $87,236 | ManagementAndGeneralAmt |
| Fundraising | $3,257 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $802,708 | TotalAmt |
| Program Services | $710,356 | ProgramServicesAmt |
| Management And General | $88,932 | ManagementAndGeneralAmt |
| Fundraising | $3,420 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $58,347 | TotalAmt |
| Management And General | $58,347 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $90,261 | TotalAmt |
| Management And General | $90,261 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,740 | TotalAmt |
| Management And General | $14,740 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,347,728 | TotalAmt |
| Program Services | $1,091,004 | ProgramServicesAmt |
| Management And General | $104,364 | ManagementAndGeneralAmt |
| Fundraising | $152,360 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $467,621 | TotalAmt |
| Program Services | $434,122 | ProgramServicesAmt |
| Management And General | $30,910 | ManagementAndGeneralAmt |
| Fundraising | $2,589 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $156,159 | TotalAmt |
| Program Services | $60,654 | ProgramServicesAmt |
| Management And General | $94,088 | ManagementAndGeneralAmt |
| Fundraising | $1,417 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $740,627 | TotalAmt |
| Program Services | $271,324 | ProgramServicesAmt |
| Management And General | $441,313 | ManagementAndGeneralAmt |
| Fundraising | $27,990 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,106,243 | TotalAmt |
| Program Services | $1,049,506 | ProgramServicesAmt |
| Management And General | $56,692 | ManagementAndGeneralAmt |
| Fundraising | $45 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $192,369 | TotalAmt |
| Program Services | $179,510 | ProgramServicesAmt |
| Management And General | $8,397 | ManagementAndGeneralAmt |
| Fundraising | $4,462 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $263,911 | TotalAmt |
| Program Services | $246,783 | ProgramServicesAmt |
| Management And General | $17,128 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $721,848 | TotalAmt |
| Program Services | $675,000 | ProgramServicesAmt |
| Management And General | $46,848 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $358,227 | TotalAmt |
| Program Services | $335,237 | ProgramServicesAmt |
| Management And General | $22,990 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| EQUIPMENT REPAIRS & MAI | $287,668 | $212,993 | $74,675 |
| COURSEWARE COSTS | $180,320 | $180,320 | |
| BAD DEBT | $105,882 | $105,882 | |
| DUES & SUBSCRIPTIONS | $12,385 | $12,200 | $185 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,609,020 | TotalAmt |
| Program Services | $21,416,005 | ProgramServicesAmt |
| Management And General | $2,906,814 | ManagementAndGeneralAmt |
| Fundraising | $286,201 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,168,564 | BOYAmt |
| EOY | $2,997,869 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,258,473 | BOYAmt |
| EOY | $4,087,382 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,812,288 | BOYAmt |
| EOY | $772,258 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $1,768,074 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $456,847 | BOYAmt |
| EOY | $375,882 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $30,388,499 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $9,848,611 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,482,958 | BOYAmt |
| EOY | $20,539,888 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $908,301 | BOYAmt |
| EOY | $769,926 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,082 | BOYAmt |
| EOY | $13,500 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,109,513 | BOYAmt |
| EOY | $31,324,779 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,238,904 | BOYAmt |
| EOY | $1,506,884 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,390,576 | BOYAmt |
| EOY | $1,913,650 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,043,217 | BOYAmt |
| EOY | $7,709,883 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,522 | BOYAmt |
| EOY | $4,853 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,999,750 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $340,302 | BOYAmt |
| EOY | $12,445 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,030,271 | BOYAmt |
| EOY | $11,147,715 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,854,434 | BOYAmt |
| EOY | $17,179,336 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,224,808 | BOYAmt |
| EOY | $2,997,728 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,079,242 | BOYAmt |
| EOY | $20,177,064 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,109,513 | BOYAmt |
| EOY | $31,324,779 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $2,138,697 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$355,990 | NetUnrlzdGainsLossesInvstAmt |
| Prior Period Adjustments | -$12,742 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | $327,857 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenues Included | $0 | RevenuesIncludedAmt |
| Assets Included | $928,930 | AssetsIncludedAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Solicited Assets Sale | 0 | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $2,428,039 | BeginningYearBalanceAmt |
| Contributions | $31,553 | ContributionsAmt |
| Investment Earnings Or Losses | -$203,557 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $87,090 | OtherExpendituresAmt |
| End Year Balance | $2,168,945 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $2,243,628 | BeginningYearBalanceAmt |
| Contributions | $11,295 | ContributionsAmt |
| Investment Earnings Or Losses | $236,791 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $63,675 | OtherExpendituresAmt |
| End Year Balance | $2,428,039 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $2,200,891 | BeginningYearBalanceAmt |
| Contributions | $12,354 | ContributionsAmt |
| Investment Earnings Or Losses | $80,806 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $50,423 | OtherExpendituresAmt |
| End Year Balance | $2,243,628 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $2,101,911 | BeginningYearBalanceAmt |
| Contributions | $9,070 | ContributionsAmt |
| Investment Earnings Or Losses | $160,560 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $70,650 | OtherExpendituresAmt |
| End Year Balance | $2,200,891 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $2,985,954 | BeginningYearBalanceAmt |
| Contributions | $13,713 | ContributionsAmt |
| Investment Earnings Or Losses | $164,242 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $158,336 | OtherExpendituresAmt |
| End Year Balance | $3,005,573 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.00000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.73163 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.26837 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | Yes (1) | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $5,381,955 | OtherCostOrOtherBasisAmt |
| Book Value | $5,381,955 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $20,970,984 | OtherCostOrOtherBasisAmt |
| Depreciation | $7,326,882 | DepreciationAmt |
| Book Value | $13,644,102 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $69,710 | OtherCostOrOtherBasisAmt |
| Depreciation | $37,549 | DepreciationAmt |
| Book Value | $32,161 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,826,542 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,456,651 | DepreciationAmt |
| Book Value | $1,369,891 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $139,308 | OtherCostOrOtherBasisAmt |
| Depreciation | $27,529 | DepreciationAmt |
| Book Value | $111,779 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $20,539,888 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INTEREST RATE SWAPS | Desc |
| Amt | $12,445 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $12,445 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $20,763,474 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$355,990 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$5,675,580 | OtherRevenueAmt |
| Revenue Not Reported | -$6,031,570 | RevenueNotReportedAmt |
| Revenue Subtotal | $26,795,044 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $14,740 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | -$62,067 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | -$47,327 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $26,747,717 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $18,652,910 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $62,067 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $62,067 | ExpensesNotReportedAmt |
| Expenses Subtotal | $18,590,843 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $14,740 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $6,003,437 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $6,018,177 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $24,609,020 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4: | ENDOWMENT FUNDS ARE PRIMARILY ESTABLISHED FOR SCHOLARSHIPS. |
| PART X, LINE 2: | THE COLLEGE QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND, ACCORDINGLY, THERE IS NO PROVISION FOR INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE COLLEGE EVALUATES THEIR UNCERTAIN TAX POSITIONS, IF ANY, ON A CONTINUAL BASIS THROUGH REVIEW OF THEIR POLICIES AND PROCEDURES, REVIEW OF THEIR REGULAR TAX FILINGS, AND DISCUSSIONS WITH OUTSIDE EXPERTS. THE COLLEGE BELIEVES THAT THEY HAVE APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DO NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | SCHOLARSHIPS AND GRANTS INCLUDED WITH EXPENSES -6,003,437. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 327,857. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | RENTAL EXPENSES INCLUDED WITH REVENUE -10,185. COST OF GOODS SOLD INCLUDED WITH REVENUE -51,882. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | RENTAL EXPENSES INCLUDED WITH REVENUE 10,185. COST OF GOODS SOLD INCLUDED WITH REVENUE 51,882. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | SCHOLARSHIPS AND GRANTS INCLUDED WITH EXPENSES 6,003,437. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | THE COLLEGE POLICIES, MANUALS AND CATALOGS STATE NON-DISCRIMINATION POLICY. |
| SCHEDULE E, PART I, LINE 6 | PRESCOTT COLLEGE PARTICIPATES IN THE FEDERAL STUDENT FINANCIAL AID PROGRAM ADMINISTERED THROUGH THE U.S. DEPARTMENT OF EDUCATION. PRESCOTT STUDENTS RECEIVE FUNDING FROM CAMPUS-BASED PROGRAMS (PERKINS, SEOG, AND FEDERAL WORK STUDY) AS WELL AS FEDERAL PELL GRANTS AND FEDERAL STUDENT LOANS. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (5 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| NORTH AMERICA | 1 | 16 | PROGRAM SERVICES | FIELD STATION FOR ACADEMIC AND RESEARCH PROJECTS | $399,645 |
| SUB-SAHARAN AFRICA | 1 | 1 | PROGRAM SERVICES | FIELD STATION FOR ACADEMIC AND RESEARCH PROJECTS | $61,341 |
| EAST ASIA AND THE PACIFIC | 0 | 0 | GRANTS TO INDIVIDUALS | SCHOLARSHIPS | $22,896 |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 0 | GRANTS TO INDIVIDUALS | SCHOLARSHIPS | $8,000 |
| NORTH AMERICA | 0 | 0 | GRANTS TO INDIVIDUALS | SCHOLARSHIPS | $130,036 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 2 | SubtotalOfficesCnt |
| Subtotal Employees | 17 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 2 | TotalOfficeCnt |
| Total Employee | 17 | TotalEmployeeCnt |
| Subtotal Spent | $621,918 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $621,918 | TotalSpentAmt |
Foreign Individuals Grants ForeignIndividualsGrantsGrp (3 entries)
| Type Of AssistanceTypeOfAssistanceTxt | RegionRegionTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Description Of Non Cash AsstDescriptionOfNonCashAsstTxt | Valuation Method UsedValuationMethodUsedDesc |
|---|---|---|---|---|---|---|
| SCHOLARSHIPS | EAST ASIA AND THE PACIFIC | 2 | $22,896 | $0 | N/A | N/A |
| SCHOLARSHIPS | EUROPE (INCLUDING ICELAND & GREENLAND) | 1 | $8,000 | $0 | N/A | N/A |
| SCHOLARSHIPS | NORTH AMERICA | 6 | $130,036 | $0 | N/A | N/A |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | 0 | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | 0 | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 2: | THE BUSINESS OFFICE AT PRESCOTT COLLEGE MAINTAINS ALL GRANT FINANCIALS, AND IF NECESSARY, DRAWS DOWN THE MONEY FROM THEY GRANTING AGENCY. THE ACCRUAL METHOD IS USED TO REPORT INVESTMENTS AND EXPENDITURES IN PART I. |
| PART III ACCOUNTING METHOD: |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | SCHOLARSHIPS, GRANTS & DISCOUNTS | GrantTypeTxt |
| Recipient | 812 | RecipientCnt |
| Cash Grant | $6,136,578 | CashGrantAmt |
| Valuation Method Used | N/A | ValuationMethodUsedDesc |
| Non Cash Assistance | N/A | NonCashAssistanceDesc |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE BUSINESS OFFICE AT PRESCOTT COLLEGE MAINTAINS ALL GRANT FINANCIALS, AND IF NECESSARY, DRAWS DOWN THE MONEY FROM THE GRANTING AGENCY. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (3 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PAUL BURKHARDT | ||||||||||||||
| PROVOST | $166,770 | $0 | $0 | $0 | $0 | $0 | $4,433 | $0 | $2,544 | $0 | $173,747 | $0 | $0 | $0 |
| BARBARA MORRIS | ||||||||||||||
| PRESIDENT/CEO | $153,879 | $0 | $0 | $0 | $0 | $0 | $1,427 | $0 | $1,501 | $0 | $156,807 | $0 | $0 | $0 |
| CARLA SNOOK | ||||||||||||||
| MARKETING STRATEGIST | $120,526 | $0 | $0 | $0 | $0 | $0 | $2,615 | $0 | $51,779 | $0 | $174,920 | $0 | $0 | $0 |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | IDA OF COUNTY OF YAVAPAI | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 866093423 | BondIssuerEIN |
| Bond Issued | 2013-09-20 | BondIssuedDt |
| Issue Price | $10,400,000 | IssuePriceAmt |
| Purpose | REFUND PRIOR DEBT | PurposeDesc |
| Defeased | 0 | DefeasedInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Pool Financing | 0 | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Retired | $2,639,556 | RetiredAmt |
| Total Proceeds | $10,400,000 | TotalProceedsAmt |
| Other Spent Proceeds | $10,400,000 | OtherSpentProceedsAmt |
| Substantial Completion | 2013 | SubstantialCompletionYr |
| Refunding Tax Exempt Bonds | Yes (1) | RefundingTaxExemptBondsInd |
| Refunding Taxable Bonds | 0 | RefundingTaxableBondsInd |
| Final Allocation Made | Yes (1) | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (1) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | 0 | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | 0 | MgmtContractBondFincdPropInd |
| Any Research Agreements | 0 | AnyResearchAgreementsInd |
| Bond Iss Meet Prvt Sec Pymt Test | 0 | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | Yes (1) | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiledInd |
| Rebate Not Due Yet | 0 | RebateNotDueYetInd |
| Exception To Rebate | Yes (1) | ExceptionToRebateInd |
| No Rebate Due | 0 | NoRebateDueInd |
| Variable Rate Issue | Yes (1) | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | Yes (1) | HedgeIdentifiedInBksAndRecInd |
Hedge Provider Name HedgeProviderName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COMPASS BANK | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Term Of Hedge | 10.000000000000 | TermOfHedgePct |
| Superintegrated Hedge | 0 | SuperintegratedHedgeInd |
| Hedge Terminated | 0 | HedgeTerminatedInd |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | 0 | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | Yes (1) | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | Yes (1) | ProceduresCorrectiveActionInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I (C) | NO CUSIP WAS ASSIGNED TO THE BOND BECAUSE THEY WERE ISSUED VIA PRIVATE PLACEMENT. |
| PART I (F) | ISSUE DATE OF REFUNDED BONDS 6/29/2011. |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ROXANN GALLAGHER | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | TRUSTEE | RelationshipDescriptionTxt |
| Transaction | $49,759 | TransactionAmt |
| Transaction | LEGAL SERVICES | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Schedule M IRS990ScheduleM
Boats And Planes BoatsAndPlanesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $25,095 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | APPRAISAL | MethodOfDeterminingRevenuesTxt |
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 2 | ContributionCnt |
| Noncash Contributions Rpt F990 | $2,885 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | MARKET VALUE | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, COLUMN (B): | FormAndLineReferenceDesc |
| Explanation | THE NUMBER OF CONTRIBUTIONS WAS USED IN PART I. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 1A | THE EXECUTIVE COMMITTEE SHALL HAVE THE AUTHORITY OF THE BOARD IN THE MANAGEMENT OF THE BUSINESS OF THE CORPORATION IN THE INTERVAL BETWEEN MEETINGS OF THE BOARD ONLY TO THE EXTENT OF TAKING NECESSARY ACTIONS IN CASES WHEN THE BOARD CANNOT ACT IN A TIMELY FASHION OR IN INSTANCES WHERE THE HEALTH, SAFETY, AND SECURITY OF THE CORPORATION OR INDIVIDUALS ASSOCIATED WITH IT ARE IMMEDIATELY THREATENED OR WHEN OTHERWISE SPECIFICALLY AUTHORIZED BY THE BOARD. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 WILL BE MADE AVAILABLE TO THE BOARD OF TRUSTEES PRIOR TO BEING FILED. |
| FORM 990, PART VI, SECTION B, LINE 12C | A TRUSTEE SHALL BE CONSIDERED TO HAVE A CONFLICT OF INTEREST IF (A) SUCH TRUSTEE HAS EXISTING OR POTENTIAL FINANCIAL OR OTHER INTERESTS THAT IMPAIR OR MIGHT REASONABLY APPEAR TO IMPAIR SUCH MEMBER'S INDEPENDENT, UNBIASED JUDGMENT IN THE DISCHARGE OF HIS/HER RESPONSIBILITIES TO THE COLLEGE, OR (B) SUCH TRUSTEE IS AWARE THAT A MEMBER OF HIS/HER FAMILY (WHICH FOR PURPOSES OF THIS PARAGRAPH SHALL BE A SPOUSE, PARENT, SIBLINGS, CHILDREN, AND ANY OTHER RELATIVE IF THE LATTER RESIDES IN THE SAME HOUSEHOLD AS THE TRUSTEE), OR ANY ORGANIZATION IN WHICH SUCH TRUSTEE ( OR MEMBER OF HIS FAMILY) IS AN OFFICER, DIRECTOR, EMPLOYEE, MEMBER, PARTNER, TRUSTEE, OR CONTROLLING STOCKHOLDER HAS SUCH EXISTING OR POTENTIAL FINANCIAL OR OTHER INTERESTS. ALL TRUSTEES SHALL DISCLOSE TO THE BOARD ANY POSSIBLE CONFLICT OF INTEREST AT THE EARLIEST PRACTICABLE TIME. NO TRUSTEE SHALL VOTE ON ANY MATTER, UNDER CONSIDERATION AT A BOARD OR COMMITTEE MEETING, IN WHICH SUCH TRUSTEE HAS A CONFLICT OF INTEREST. THE MINUTES OF SUCH MEETING SHALL REFLECT THAT A DISCLOSURE WAS MADE AND THAT THE TRUSTEE HAVING A CONFLICT OF INTEREST ABSTAINED FROM VOTING. ANY TRUSTEE WHO IS UNCERTAIN WHETHER S/HE HAS A CONFLICT OF INTEREST IN ANY MATTER MAY REQUEST THE BOARD OR COMMITTEE TO DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS, AND THE BOARD OR COMMITTEE SHALL RESOLVE THE QUESTION BY MAJORITY VOTE. |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION FOR TOP MANAGEMENT AND DIRECTORS AS WELL AS OTHER POSITIONS IN THE COLLEGE IS DETERMINED BASED ON COMPARABILITY OF DATA FROM LIKE INSTITUTIONS, LIKE POSITIONS AND THE LOCAL ECONOMY. STATUS WITHIN PRESCOTT COLLEGE IS ALSO A FACTOR SO THAT ONE JOB IS NOT OUT OF ALIGNMENT COMPARED TO OTHER LIKE RESPONSIBILITY" JOBS IN OTHER DEPARTMENTS. THE PRESIDENT'S SALARY IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. SALARIES OF THE OTHER OFFICERS AND KEY EMPLOYEES IS REVIEWED BY SENIOR MANAGEMENT. THIS PROCESS WAS LAST PERFORMED MAY 1, 2020. |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS ARE AVAILABLE ON THE PRESCOTT COLLEGE WEBSITE. THE CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 327,857. |
| FORM 990, PART XII, LINE 2C: | THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|
| PRESCOTT COLLEGE DEVELOPMENT COMPANY LLC | ||||||||
| 220 GROVE AVE | PRESCOTT | AZ | 86301 | NO ACTIVITY | AZ | $0 | $0 | PRESCOTT COLLEGE |
| PRESCOTT COLLEGE ACQUISITION COMPANY LLC | ||||||||
| 220 GROVE AVE | PRESCOTT | AZ | 86301 | NO ACTIVITY | AZ | $0 | $0 | PRESCOTT COLLEGE |
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