2022-11-14T07:47:51-06:00 2022-06-30 621804252 WATKINS UIBERALL PLLC 1661 AARON BRENNER DR STE 300 MEMPHIS TN 38120 990 2021-07-01 620548917 Southern College of Optometry SOUT 9017223200 1245 Madison Ave Memphis TN 38104 David West V.P. for Finance & Administration 9017223200 2022-10-31 1 David West XXX-XX-XXXX Jeff Thomason P00976026 9017612720 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z David West 1245 Madison Ave Memphis TN 38104 29735497 0 X www.sco.edu X 1932 TN The organization operates a School of Optometry and Clinic. 17 17 362 0 0 0 830654 1339792 25154781 26127595 721430 794099 3882424 337315 30589289 28598801 0 0 0 0 19914069 21032619 0 0 216583 8809624 10365324 28723693 31397943 1865596 -2799142 101293349 90101083 4697894 15538246 96595455 74562837 To lead the profession by: educating the best possible healthcare providers, promoting lifelong learning, and fostering a personal commitment to service. 0 0 14199157 26201271 School of optometry, clinic, educational process and student training. 14199157 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 52 0 1 362 1 0 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 TN X David West 9017223200 1245 Madison Avenue Memphis TN 38104 Christopher W Wroten OD Chair 1.00 X X 0 0 0 Amanda Brewer-Lord OD Vice Chair 1.00 X 0 0 0 David A Cockrell OD Secretary 1.00 X 0 0 0 Dave Sattler FAAO Trustee-At-Large 1.00 X 0 0 0 Lynn T Shaw Trustee-At-Large 1.00 X 0 0 0 Allan Barker PhD Member 1.00 X 0 0 0 Betty Harville Brown OD Member 1.00 X 0 0 0 Anita Davis PhD Member 1.00 X 0 0 0 Michael Dorkowski PhD Member 1.00 X 0 0 0 Vicki Farmer Member 1.00 X 0 0 0 Charles Glaser PhD Member 1.00 X 0 0 0 Mark R Kapperman OD Member 1.00 X 0 0 0 Charles Kinnaird PhD Member 1.00 X 0 0 0 James K Kirchner OD Member 1.00 X 0 0 0 Jennifer Lyerly OD Member 1.00 X 0 0 0 Stacey J Meier OD Member 1.00 X 0 0 0 Andrew B Murphy Student Member 1.00 X 0 0 0 Dr Lewis Reich President 40.00 X 359927 0 61005 Dr John B Campbell V.P. Academic Affairs 40.00 X 209213 0 41758 Joe Hauser V.P. Student Services 40.00 X 181165 0 22663 James E Venable V.P. Clinical Operations 40.00 X 198083 0 34259 David L West V.P. Finance & Admin 40.00 X 205221 0 46377 Daniel Fuller Faculty 40.00 X 178198 0 30433 Christopher W Lievens Faculty 40.00 X 166882 0 42132 1498689 0 278627 49 0 1 0 0 275460 1064332 1339792 Tuition and Fees 541900 18635316 18635316 Educational Dept 541900 7465130 7465130 Student Loan Interest Revenue 541900 27149 27149 26127595 797018 797018 271695 8056 263639 263639 263639 2919 -2919 -2919 -2919 1199397 1125721 73676 73676 28598801 26201271 0 1057738 569140 250038 305602 13500 15752246 6210400 9442366 99480 4711233 2987906 1709158 14169 131598 131598 59300 59300 720099 453960 266139 445993 445793 200 955432 259972 693660 1800 174929 174929 332656 128590 183856 20210 3688 3688 1472868 662791 810077 501209 225544 275665 Medical Supplies 1656176 1656176 Repairs and Maintenance 1619941 728973 890968 Special Events 604463 114224 461779 28460 Other Services 517423 27066 490357 1169549 493517 637268 38764 31397943 14199157 16982203 216583 7284256 6741403 460922 334381 424028 532178 9958755 8742101 430043 478655 519461 277131 46689824 25291763 22449850 21398061 59766034 51597173 101293349 90101083 2264520 3104940 1555651 1420693 877723 11012613 4697894 15538246 X 59722523 55588589 36872932 18974248 96595455 74562837 101293349 90101083 X -2799142 -9939718 -9293758 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 42463686 3555284 -6587064 2546869 36885037 42601772 -7199153 9050747 1989680 42463686 42410515 756148 1007109 1572000 42601772 39245434 2003271 2287410 1125600 42410515 17912150 21211977 1078407 952600 39245434 0.54780 0.16260 0.28960 0 0 3148551 3148551 25606021 11192955 14413066 2871446 2756077 115369 15008806 11342731 3666075 55000 55000 21398061 Advances from the Federal Government for Student Loans 9512613 Line of Credit 1500000 11012613 19792860 -9939718 1133777 -8805941 28598801 0 28598801 32531720 1133777 1133777 31397943 0 31397943 Part V, Line 4: Endowment fund created to accumulate monies to support the college and its mission over the long term. Part XI, Line 2d - Other Adjustments: Cost of Goods Sold Allocated Rental Expenses Part XII, Line 2d - Other Adjustments: Cost of Goods Sold Allocated Rental Expenses 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Equal opportunity statement and nondiscrimination policy is included in all official literature and promotional material. Souther College of Optometry receives funds from government agencies for the benefit of certain students. Schedule E, Part I, Line 6 Southern College of Optometry receives government assistance to help in funding the school's federal work study program for participating students. X X X X 0 0 0 0 0 0 0 0 0 Dr Lewis Reich President 359927 0 0 0 0 0 0 0 61005 0 420932 0 0 0 David L West V.P. Finance & Admin 205221 0 0 0 0 0 0 0 46377 0 251598 0 0 0 Dr John B Campbell V.P. Academic Affairs 209213 0 0 0 0 0 0 0 41758 0 250971 0 0 0 James E Venable V.P. Clinical Operations 198083 0 0 0 0 0 0 0 34259 0 232342 0 0 0 Christopher W Lievens Faculty 166882 0 0 0 0 0 0 0 42132 0 209014 0 0 0 Daniel Fuller Faculty 178198 0 0 0 0 0 0 0 30433 0 208631 0 0 0 Joe Hauser V.P. Student Services 181165 0 0 0 0 0 0 0 22663 0 203828 0 0 0 Form 990, Part VI, Section B, line 11b A copy of the 990 is provided to the Executive Committee and Board of Trustees. The Executive Committee reviews the Form 990 on behalf of the Board of Trustees before filing. Form 990, Part VI, Section B, line 12c The Executive Committee of the Board of Trustees reviews and approves based on data comparable to other institutions. Board members are required to disclose annually and no such conflicts exist. Form 990, Part VI, Section B, line 15a The Board of Trustee Executive Committee provides recommendations for the compensation of the president based on data comparable to other institutions, written employment contracts, and compensation studies and surveys. Compensation is approved by the board. Form 990, Part VI, Section C, line 19 The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. PART XII, LINE 2C The process has not changed from the prior year. Part XI, Line 8 The prior period adjustment relates to the College's U.S Department of Education's Perkins loan program closeout. A portion of the excess cash from the program is being reclassified as an increase to advances from the Federal government for student loans and a decrease to net assets with donor restrictions.