2020-05-27T12:04:06-05:00 2019-06-30 341884125 CBIZ MHM LLC 4722 N 24TH ST STE 300 PHOENIX AZ 85016 990 2018-07-01 860294012 PRESCOTT COLLEGE INC PRES 9283504006 220 GROVE AVE PRESCOTT AZ 86301 ANDREA JAECKEL CFO 9283504006 2020-05-26 1 AMY A O'LOUGHLIN P00869687 6022646835 2020-05-26 12.221.96.220 2020-05-26 18:41:46 MS P 00D8EAD6C853267EA0FAEACDA358CF90F321AF39 1212D86953DF9911D4E957E54162B84DD93DFAA7 2018 2020-09-23 17:36:50Z JOHN FLICKER 220 GROVE AVE PRESCOTT AZ 86301 20906683 0 X WWW PRESCOTT EDU X 1975 AZ TO EDUCATE STUDENTS OF DIVERSE AGES AND BACKGROUNDS TO UNDERSTAND, THRIVE IN, AND ENHANCE OUR WORLD COMMUNITY AND ENVIRONMENT. 15 13 642 13 10431 0 1792783 2337701 14406433 15970331 50834 615434 1998543 1378540 18248593 20302006 3898406 5358126 0 0 8573106 9349910 0 0 794832 5697288 5075902 18168800 19783938 79793 518068 25329596 26326899 11255053 11850311 14074543 14476588 X IT IS THE MISSION OF PRESCOTT COLLEGE TO EDUCATE STUDENTS OF DIVERSE AGES AND BACKGROUNDS TO UNDERSTAND, THRIVE IN, AND ENHANCE OUR WORLD COMMUNITY AND ENVIRONMENT. WE REGARD LEARNING AS A CONTINUING PROCESS AND STRIVE TO PROVIDE AN EDUCATION THAT WILL ENABLE STUDENTS TO LIVE PRODUCTIVE LIVES WHILE ACHIEVING A BALANCE BETWEEN SELF-FULFILLMENT AND SERVICE TO OTHERS. STUDENTS ARE ENCOURAGED TO THINK CRITICALLY AND ACT ETHICALLY WITH SENSITIVITY TO BOTH THE HUMAN COMMUNITY AND THE BIOSPHERE. 0 0 7000098 3945594 8612992 ON-CAMPUS UNDERGRADUATE BACHELOR OF ARTS DEGREES IN ADVENTURE EDUCATION, ARTS AND LETTERS, ENVIRONMENTAL STUDIES, EDUCATION, CULTURAL AND REGIONAL STUDIES AND HUMAN DEVELOPMENT FULL-TIME EQUIVALENTS FOR THE FALL TERM - 378.LIBRARY AND LEARNING COMMONS: THE ADVISING AND LEARNING COMMONS PROVIDES ALL PRESCOTT COLLEGE STUDENTS WITH OPPORTUNITIES FOR AN ENHANCED LEARNING EXPERIENCE BY OFFERING A VARIETY OF ADVISING AND ACADEMIC SUPPORT SERVICES TO ASSIST THEM IN THEIR PURSUIT OF SUCCESS AS INDEPENDENT LEARNERS AND SELF-ADVOCATES. THE LEARNING COMMONS PROVIDES FOUNDATIONAL AND CONNECTED LEARNING ACROSS OUR COMMUNITY OF LEARNERS BY MAKING AVAILABLE WRITING, SCIENCE, MATH, AND LANGUAGE TUTORS ALONG WITH OTHER RESOURCES. 6601247 775872 7852041 LIMITED-RESIDENCY UNDERGRADUATE, MASTER'S, AND PHD DEGREE PROGRAMS AND ON-CAMPUS MASTER'S PROGRAM COMMUNITY-BASED INDIVIDUALLY MENTORED BACHELOR OF ARTS DEGREES IN HUMANITIES OR LIBERALS ARTS INCLUDING TEACHER PREPARATION MASTER OF ARTS DEGREE IN ADVENTURE EDUCATION, COUNSELING PSYCHOLOGY, ENVIRONMENTAL STUDIES, HUMANITIES AND EDUCATION A PHD DEGREE IN SUSTAINABILITY EDUCATION FULL-TIME EQUIVALENTS FOR THE FALL TERM - 266. 2262918 SERVICE PROGRAMS AT THE COLLEGE INCLUDE AMERICORPS IS A NETWORK OF NATIONAL SERVICE PROGRAMS, MADE UP OF THREE PRIMARY PROGRAMS THAT EACH TAKE A DIFFERENT APPROACH TO IMPROVE LIVES AND FOSTERING 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. 469447 636660 558397 OTHER PROGRAM SERVICES FOR EXTENDED STUDIES AND LIFELONG LEARNING CENTER THE COURSES CAN VARY FROM LOCAL COMMUNITY-BASED TO TRAVEL PROGRAMS THE COURSES ARE SET UP TO BE NON-CREDIT AND NON-DEGREE THIS PROGRAM IS ACADEMIC IN NATURE FOR NON-DEGREE SEEKING STUDENTS COURSES REFLECT THE COLLEGES MISSION IN NATURE. 469447 636660 558397 16333710 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 1 1 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 1 0 0 0 0 1 160 0 1 642 1 1 1 1 MX 0 0 0 0 0 0 0 0 0 0 X 15 13 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 AZ X ANDREA JAECKEL 9283504006 220 GROVE AVENUE PRESCOTT AZ 86301 JAMES P WALSH CHAIRMAN 1.00 X X 0 0 0 ED JOHNSON VICE CHAIR 1.00 X X 0 0 0 JULIE MUNRO SECRETARY 40.00 X X 66045 0 14918 ANNE DORMAN TREASURER 1.00 X X 0 0 0 ALEXIS VIGIL TRUSTEE 1.00 X 0 0 0 CORAL EVANS TRUSTEE 1.00 X 0 0 0 CRISTINA EISENBERG TRUSTEE 1.00 X 0 0 0 HEATHER DIEVENDORFF TRUSTEE 40.00 X 47476 0 22499 GEOFFREY BARNARD TRUSTEE 1.00 X 0 0 0 KATRINA ROGERS TRUSTEE 1.00 X 0 0 0 LYNNE NEMETH TRUSTEE 1.00 X 0 0 0 MERRILEE CALDWELL TRUSTEE 1.00 X 0 0 0 NICHOLAS PANLIBUTON TRUSTEE 1.00 X 0 0 0 ROXANN GALLAGHER TRUSTEE 1.00 X 0 0 0 SAM CAMPANA TRUSTEE 1.00 X 0 0 0 JOHN FLICKER PRESIDENT/CEO 40.00 X 199769 0 2575 PAUL BURKHARDT PROVOST 40.00 X 134073 0 8899 ANDREA JAECKEL CFO 40.00 X 122400 0 18106 STEPHANIE KRUSEMARK CHIEF ENROLLMENT OFFICER 40.00 X 135000 0 9553 704763 0 76550 4 0 1 0 IT OUTLET INC 701 E 52ND ST SIOUX FALLS SD 57104 HARDWARE/SOFTWARE 216043 1 14569 784255 1538877 25488 2337701 TUITION & STUDENT FEES 611310 15969957 15969957 LIBRARY REVENUES 611310 374 374 15970331 75575 75575 853533 109118 744415 744415 694991 49424 957210 417351 539859 539859 539859 249266 78208 171058 151683 10431 8944 MISCELLANEOUS 900099 256642 256642 TECH FEES 900099 206425 206425 463067 20302006 17023430 10431 930444 5336380 5336380 21746 21746 636759 514920 104616 17223 7594975 6143973 1246054 204948 36456 29389 6061 1006 483633 389885 80409 13339 598087 482152 99439 16496 33362 33362 243127 209062 34065 243822 236113 7284 425 117272 101611 4458 11203 313592 9587 300005 4000 1196409 858618 108491 229300 255669 207928 47741 313078 210178 29119 73781 712606 465919 83129 163558 COURSEWARE COSTS 386691 386691 EQUIP REPAIRS & MAINT 261623 136231 125392 LICENSES FEES & PERMITS 225875 42035 183455 385 DUES & SUBSCRIPTIONS 73455 73079 376 699321 478213 161940 59168 19783938 16333710 2655396 794832 3182085 3415333 1533315 1474631 455816 492856 17476 15203 204466 439975 25447377 8176366 17973144 17271011 2619971 1665764 578020 297530 0 19899 25329596 26326899 1172440 1311566 1010632 1478376 8961636 8665483 110345 30120 0 364766 11255053 11850311 X 11056451 11287264 1484777 1646939 1533315 1542385 14074543 14476588 25329596 26326899 X 518068 179857 -295880 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 928930 X 1 3005573 9070 731528 70650 3675521 2985954 13713 164242 158336 3005573 2963639 14720 233313 225718 2985954 3138961 13659 188981 2963639 3092484 34175 12302 3138961 0.40120 0.59880 0.00000 1 0 152215 475726 627941 21024368 5796127 15228241 328756 249353 79403 638418 581444 56974 2827894 1549442 1278452 17271011 INTEREST RATE SWAP 364766 364766 X 15003567 179857 187326 367183 14636384 33362 5632260 5665622 20302006 14601522 187326 187326 14414196 33362 5336380 5369742 19783938 PART V, LINE 4: ENDOWMENT FUNDS ARE PRIMARILY ESTABLISHED FOR SCHOLARSHIPS AND INCLUDES AN AMOUNT DISIGNATED BY THE BOARD AS A QUASI-ENDOWMENT. 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 CONSOLIDATED FINANCIAL STATEMENTS. THE COLLEGE'S FEDERAL RETURNS OF ORGANIZATIONS EXEMPT FROM INCOME TAX (FORM 990) FOR FISCAL 2016, 2017 AND 2018 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THE THREE YEARS AFTER THEY WERE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT RENTAL COSTS 109,118. COSTS OF GOODS SOLD 78,208. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS & DISCOUNTS 5,336,380. IMPAIRMENT OF LAND HELD FOR SALE 82,200. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 213,680. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT RENTAL COSTS 109,118. COSTS OF GOODS SOLD 78,208. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS & DISCOUNTS 5,336,380. 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 POLICIES MANUALS AND CATALOGS STATE NON-DISCRIMINATION POLICY 1 NORTH AMERICA 1 4 PROGRAM SERVICES PROVIDE EDUCATIONAL PROGRAMS FOR SCHOOL STUDENTS 449080 SUB-SAHARAN AFRICA 1 0 PROGRAM SERVICES PROVIDE EDUCATIONAL PROGRAMS FOR SCHOOL STUDENTS 63538 2 4 0 0 2 4 512618 0 512618 SCHOLARSHIP SCHOLARSHIPS & GRANTS 1 9323 SCHOLARSHIP SCHOLARSHIPS & GRANTS 2 12423 0 0 0 0 0 0 PART I, LINE 2: THE BUSINESS OFFICE AT PRESCOTT COLLEGE MAINTAINS ALL GRANT FINANCIALS, AND IF NECESSARY, DRAWS DOWN THE MONEY FROM THE GRANTING AGENCY. 1 SCHOLARSHIPS, GRANTS & DISCOUNTS 556 5336380 PART I, LINE 2: THE BUSINESS OFFICE AT PRESCOTT COLLEGE MAINTAINS ALL GRANT FINANCIALS, AND IF NECESSARY, DRAWS DOWN THE MONEY FROM THE GRANTING AGENCY. X X X X 0 0 0 0 0 0 0 0 0 JOHN FLICKER PRESIDENT/CEO 199769 0 0 0 0 0 2002 0 573 0 202344 0 0 0 A IDA OF COUNTY OF YAVAPAI 866093423 2013-09-20 10400000 REFUND PRIOR DEBT 0 0 0 A 1661238 10400000 10400000 2013 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 1 0 1 1 COMPASS BANK 10.000000000000 0 0 0 0 1 A 1 PART I(C) NO CUSIP WAS ASSIGNED TO THE BONDS BECAUSE THEY WERE ISSUED VIA PRIVATE PLACEMENT. ROXANN GALLAGHER TRUSTEE 46785 LEGAL SERVICES PROVIDED BY FIRM EMPLOYING TRUSTEE 0 X 5 25488 FMV 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OF THE CORPORATION ARE REGISTERED AND MATRICULATING STUDENTS, MEMBERS OF THE ALUMNI ASSOCIATION WHO HAVE CONTRIBUTED DURING THE CURRENT YEAR TO THE COLLEGE'S ANNUAL FUND, FULL-TIME FACULTY, FULL-TIME EMPLOYEES, AND MEMBERS OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7A THE CORPORATION WILL HAVE MEMBERS. MEMBERS WILL HAVE THE FOLLOWING RESPONSIBILITIES: TO FURTHER THE MISSION OF PRESCOTT COLLEGE, ELECT MEMBERS OF THE BOARD OF TRUSTEES FROM THOSE PERSONS NOMINATED BY THE BOARD OF TRUSTEES, TO ADVISE THE BOARD OF TRUSTEES IN MATTERS OF CONCERN TO THE CORPORATION, TO VOTE ON ANY CHANGES IN THE BYLAWS OR MISSION STATEMENT OF THE COLLEGE. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS WILL HAVE THE FOLLOWING RESPONSIBILITIES: TO FURTHER THE MISSION OF PRESCOTT COLLEGE, ELECT MEMBERS OF THE BOARD OF TRUSTEES FROM THOSE PERSONS NOMINATED BY THE BOARD OF TRUSTEES, TO ADVISE THE BOARD OF TRUSTEES IN MATTERS OF CONCERN TO THE CORPORATION, TO VOTE ON ANY CHANGES IN THE BYLAWS OR MISSION STATEMENT OF THE COLLEGE. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS FIRST REVIEWED BY THE CFO. NEXT, THE RETURN IS REVIEWED BY THE FINANCE COMMITTEE. THE RETURN RECEIVES FINAL APPROVAL BY THE BOARD OF TRUSTEES. 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 TOP MANAGEMENT AND DIRECTORS AS WELL AS OTHER POSITIONS IN THE COLLEGE ARE 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. REVIEW PERFORMED MAY 18, 2018. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS VIA PRESCOTT COLLEGE WEBSITE, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN INTEREST RATE SWAP FV -213,680. IMPAIRMENT ON LAND -82,200. PRESCOTT COLLEGE DEVELOPMENT COMPANY LLC 220 GROVE AVE PRESCOTT AZ 86301 INACTIVE AZ 0 0 PRESCOTT COLLEGE ACQUISITION COMPANY LLC 220 GROVE AVE PRESCOTT AZ 86301 INACTIVE AZ 0 0