2019-05-10T13:28:44-05:00 2018-06-30 580692043 MAULDIN & JENKINS LLC 200 GALLERIA PKWY SE STE 1700 ATLANTA GA 303395946 990 2017-07-01 581357177 SAVANNAH COLLEGE OF ART AND DESIGN INC SAVA 9125255000 PO BOX 3146 SAVANNAH GA 31402 CARMEN STOWERS SECRETARY 9125255000 2019-05-10 1 MARY JO ALEXANDER P00002534 7709558600 2019-05-10 50.192.51.169 2019-05-10 09:19:17 ED P 22397CF411DA9A20D8DBC42A8DABE317774C2EB9 1C516AE664D626B7707492ADE4F9563BF6799414 2017 2019-02-21 02:37:17Z PAULA WALLACE PO BOX 3146 SAVANNAH GA 31402 681800074 0 X WWW.SCAD.EDU X 1978 GA SEE SCHEDULE O FOR COMPLETE DESCRIPTION. 9 9 3610 1200 2717049 -843696 4287769 3093531 462074348 512633684 6623280 7819372 5644340 5782233 478629737 529328820 100543744 105995012 0 0 136048390 143953373 0 0 679272 132896451 138008915 369488585 387957300 109141152 141371520 863859342 996773713 276222775 266598626 587636567 730175087 SCAD PREPARES TALENTED STUDENTS FOR CREATIVE PROFESSIONS THROUGH ENGAGED TEACHING AND LEARNING IN A POSITIVELY ORIENTED UNIVERSITY ENVIRONMENT. 0 0 179648721 326584 447172907 INSTRUCTIONAL EXPENDITURES -- THESE EXPENDITURES RELATE TO PROVIDING EDUCATION SERVICES TO MORE THAN 14,000 STUDENTS SEEKING UNDERGRADUATE AND GRADUATE DEGREES. THE UNIVERSITY OFFERS THE BACHELOR OF ARTS, BACHELOR OF FINE ARTS, MASTER OF FINE ARTS, MASTER OF ARTS, MASTER OF ARCHITECTURE, AND MASTER OF URBAN DESIGN DEGREES. THE UNIVERSITY IS ACCREDITED BY THE SOUTHERN ASSOCIATION OF COLLEGES & SCHOOLS COMMISSION ON COLLEGES AND THE MASTER OF ARCHITECTURE DEGREE PROGRAM IS ADDITIONALLY ACCREDITED BY THE NATIONAL ARCHITECTURAL ACCREDITING BOARD. THE UNDERGRADUATE INTERIOR DESIGN PROGRAM IS ADDITIONALLY ACCREDITED DOMESTICALLY BY THE COUNCIL FOR INTERIOR DESIGN ACCREDITATION. APPROXIMATELY 2,800 STUDENTS GRADUATED AND WERE AWARDED DEGREES DURING THE REPORTING PERIOD. 37864598 66356082 CAMPUS SERVICES, STUDENT HOUSING, FOOD SERVICE EXPENDITURES -- THESE EXPENDITURES REPRESENT THE COST OF SERVICES NECESSARY TO SUPPORTTHE MISSION OF THE UNIVERSITY, INCLUDING STUDENT HOUSING, DINING SERVICES AND OTHER AUXILIARY SERVICES. THE SERVICES ARE AVAILABLE TO ALL STUDENTS. 105668428 105668428 STUDENT AID -- THE UNIVERSITY PROVIDES SCHOLARSHIPS AND OTHER FINANCIAL ASSISTANCE DIRECTLY FROM THE INSTITUTION. 323181747 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 1 1 1 1 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 1 0 1 0 1 1 0 0 1 1 1 1 0 0 1 733 0 1 3610 1 1 1 1 FR HK 0 0 0 1 1 0 0 0 0 X 9 9 1 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 GA X R ADKINS 9125255000 PO BOX 3146 SAVANNAH GA 314023146 ALAN B WHITAKER III TRUSTEE 5.00 X 0 0 0 CHAN LAI WA TRUSTEE 2.00 X 0 0 0 NANCY HERSTAND TRUSTEE 2.00 X 0 0 0 PHARRIS JOHNSON TRUSTEE 2.00 X 0 0 0 ROBERT L NARDELLI TRUSTEE 2.00 X 0 0 0 SALLY WARANCH RAJCIC TRUSTEE 2.00 X 0 0 0 STUART SAUNDERS TRUSTEE 2.00 X 0 0 0 ANITA THOMAS TRUSTEE 2.00 X 0 0 0 LUCY COOKSON TRUSTEE 2.00 X 0 0 0 VERONICA BIGGINS TRUSTEE 2.00 X 0 0 0 JOHN KENNEDY TRUSTEE 2.00 X 0 0 0 PAULA S WALLACE PRESIDENT 60.00 1.00 X 2184467 0 336241 JEFFREY J WALLER CHIEF FINANCIAL OFFICER 50.00 1.00 X 528454 0 35498 CARMEN M STOWERS SECRETARY 50.00 1.00 X 96438 0 17033 MAUREEN GARVIN DEAN, FOUNDATIONS & FINE A 50.00 X 195367 0 15847 PHILIP J ALLETTO SVP FOR STUDENT SUCCESS 50.00 X 369322 0 33039 TERESA M GRIFFIS VP FOR SCAD ATLANTA 50.00 X 262542 0 23038 DR GOKHAN OZAYSIN CHIEF ACADEMIC OFFICER 50.00 X 685407 0 32710 JOHN PAUL ROWAN VP FOR SCAD SAVANNAH 50.00 X 278858 0 26377 BRIAN ROSENTHAL SVP OF OPERATIONS AND GEN 50.00 X 507372 0 25674 BRADFORD GRANT VP FOR INFORMATION TECHNOL 50.00 X 329881 0 33521 LESLEY C HANAK VP FOR HUMAN RESOURCES 50.00 X 334553 0 21591 MICHAEL J FINK DEAN, SCHOOL OF FASHION 50.00 X 226784 0 18229 ALLISON FALKENBERRY VP FOR PR AND MARKETING 50.00 X 245673 0 16400 STEVE MINEO VP FOR ADMISSION 50.00 X 274246 0 25086 GLENN E WALLACE CHIEF OPERATING OFFICER, T 50.00 X X 632742 0 19539 7152106 0 679823 138 0 1 0 CLAYCO INC 2199 INNERBELT BUSINESS CENTER DRIV SAINT LOUIS MO 63114 CONSTRUCTION SERVICES 32674635 BON APPETIT MANAGEMENT COMPANY 2400 YORKMONT ROAD CHARLOTTE NC 28217 CONTRACTED FOOD SERVICE 10316620 THE KICKLIGHTER COMPANY 1712 FROST DRIVE SAVANNAH GA 31404 CONSTRUCTION SERVICES 9382731 FIRST TRANSIT INC 600 VINE STREET SUITE 1400 CINCINNATI OH 45202 TRANSPORTATION SERVICES 7709879 ALLIED BARTON SECURITY SERVICES PO BOX 828854 PHILADELPHIA PA 19182 SECURITY SERVICES 6252067 122 22910 280540 2790081 907151 3093531 TUITION AND FEES 611310 432779342 432779342 HOUSING & FOOD SERVICE 721310 65460777 65460777 OTHER STUDENT REVENUE 611310 10554909 10554909 OTHER FEES AND REVENUE 611310 3435280 3435280 CONFERENCES & COMMUNITY ED 611310 132830 132830 270546 270546 512633684 5867678 5867678 27682 27682 1467652 1467652 469151 10303 0 0 469151 10303 479454 211930 267524 152529000 785781 150958151 432618 1570849 353163 1924012 1924012 5863 22910 10726 -4863 -4863 2823556 1069759 1753797 1753797 TRUSTEES THEATER 711110 641394 641394 BOOKSTORE MGMT AGREEMENT 451211 440252 440252 INSURANCE PROCEEDS 900099 439566 439566 564981 455053 109928 2086193 529328820 513528989 2717049 9989251 326584 326584 105668428 105668428 6594628 1637372 4957256 112280917 89788667 21998398 493852 3447366 2949667 481397 16302 13365277 10358415 2950611 56251 8265185 6379678 1851006 34501 1841351 291345 1550006 263865 263865 30788228 26523797 4256076 8355 1471349 34072 1437277 14201069 9741028 4428492 31549 12958427 12220650 725555 12222 8766561 6769773 1996788 601010 532843 68167 8238874 585843 7653031 30173420 27229879 2933231 10310 3127641 142016 2985625 STUDENT MEAL PLAN 11469303 11469303 STUDENT ACTIVITIES 4251659 4034497 215152 2010 MEALS AND REFRESHMENTS 3189422 2826874 362548 EQUIPMENT RENTAL & STOR 1402554 484132 918161 261 5264182 3186884 2063639 13659 387957300 323181747 64096281 679272 45071231 36032060 99122481 136689220 902638 739615 1535815 2492554 1020246 1145734 1506702 1401271 6801079 6123823 748864200 215565261 453240307 533298939 170863930 192871452 263710 296527 44796201 45402120 38735002 40280398 863859342 996773713 39174143 54707710 64892 51754 26918668 25314769 180888819 177248518 19942599 0 9233654 9275875 276222775 266598626 X 553621491 695418858 11438728 11509783 22576348 23246446 587636567 730175087 863859342 996773713 141371520 1167000 0 X X 0 1 X 1 1 1 X 56000 39961647 X X X 1 123346891 30670097 4815927 4059574 154773341 79555913 40981942 4953241 2144205 123346891 49869354 30344542 -7911 650072 79555913 18629224 31428601 471569 579404 80636 49869354 16393250 633588 2119564 569921 52743 18629224 0.87100 0.10900 0.02000 0 0 88622029 88622029 495699583 125086527 370613056 8660354 7099062 1561292 74541581 50119167 24422414 16000 81324653 33260505 48080148 533298939 ACCRUED INTEREST 2087093 REFUNDABLE ADVANCES/DEFERRED CONTRIBUTIONS 593347 ACCRUED RETIREMENT 2701822 DEFERRED RENT 311756 ASSET RETIREMENT OBLIGATIONS (ARO) 2447127 FOREIGN INCOME TAX ACCRUAL 897330 OTHER LIABILITIES 237400 9275875 X PART III, LINE 4: SCHEDULE D, PART III, LINE 4 THE UNVERSITY'S COLLECTIONS PRIMARILY RELATE TO AREAS IN WHICH IT PROVIDES DEGREE PROGRAMS AND/OR OFFERS COURSE WORK. THEY ARE A VALUABLE SCHOLARLY RESOURCE TO ENHANCE STUDENTS' LEARNING AND EXPERIENCE. THE UNVERISTY'S COLLECTIONS INCLUDE: PAINTINGS, PRINTS, COUTURE CLOTHING, JEWELRY, SCULPTURES AND HISTORICAL ITEMS. PART V, LINE 4: PART XIV-SUPPLEMENTAL FINANCIAL INFORMATION SCHEDULE D, PART V, LINE 4 THE UNIVERSITY'S ENDOWMENT FUNDS ARE PRIMARILY USED TO SUPPORT SCHOLARSHIPS FOR STUDENTS. PART X, LINE 2: THE UNIVERSITY IS REQUIRED TO MAKE PROVISIONS FOR UNCERTAIN TAX POSITIONS. A TAX POSITION IS RECOGNIZED AS A BENEFIT ONLY IF IT IS "MORE LIKELY THAN NOT" THAT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX BENEFIT THAT HAS A GREATER THAN 50% CUMULATIVE LIKELIHOOD OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE "MORE LIKELY THAN NOT" TEST, NO TAX BENEFIT IS RECORDED. THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS RELATED TO FEDERAL, STATE, OR LOCAL INCOME TAXES. 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 UNIVERSITY DRAWS ITS STUDENTS FROM ALL 50 STATES AND MORE THAN 100 COUNTRIES. ALL MATERIALS INVOLVING THE SOLICITATION OF STUDENTS INCLUDE THE UNIVERSITY'S NON-DISCRIMINATORY POLICY OR A REFERENCE TO THIS POLICY, IN COMPLIANCE WITH THE REQUIREMENTS STATED IN THE INSTRUCTIONS TO FORM 990. THE UNIVERSITY INSERTS THE FOLLOWING IN ITS CATALOG, APPLICATION FOR ADMISSION, AND THE UNIVERSITY'S WEBSITE: "IN COMPLIANCE WITH TITLE IX OF THE EDUCATION AMENDMENTS OF 1972, SECTION 504 OF THE REHABILITATION ACT OF 1973, TITLE VI OF THE CIVIL RIGHTS ACT OF 1964 AND OTHER FEDERAL, STATE, AND LOCAL LAWS, SCAD DOES NOT DISCRIMINATE ON THE BASIS OF AGE, RACE, COLOR, SEX, SEXUAL ORIENTATION, GENDER IDENTITY, RELIGION, NATIONAL OR ETHNIC ORIGIN, DISABILITY, OR VETERAN STATUS IN ANY PHASE OF ITS EMPLOYMENT PROCESS, IN ANY PHASE OF ITS EMPLOYMENT OR ADMISSION PROCESSES, ITS FINANCIAL AID PROGRAMS, OR OTHER ASPECTS OF ITS EDUCATIONAL PROGRAM OR ACTIVITIES." SCHEDULE E, PART I, LINE 6 THE FINANCIAL AID SCAD RECEIVES FROM GOVERNMENT AGENCIES CONSISTS OF FEDERAL TITLE IV STUDENT FINANCIAL ASSISTANCE PROGRAMS, VETERANS ADMINISTRATION BENEFITS, STATE-SUPPORTED VOCATIONAL REHABILITATION FUNDING, AND FUNDS FROM MANY STATES THE MOST PREDOMINANT OF WHICH IS THE STATE OF GEORGIA. 1 EUROPE 1 0 PROGRAM SERVICES STUDY ABROAD CAMPUS 2146774 EAST ASIA AND THE PACIFIC 1 4 PROGRAM-RELATED INVESTMENTS 605920 EUROPE 1 0 CAPITAL INVESTMENT 1736911 EUROPE 1 0 PROGRAM SERVICES PROGRAM SERVICES RELATED TO MEAL PLANS AND OWNERSHIP OF REAL PROPERTY. 1672083 4 4 0 0 4 4 6161688 0 6161688 0 0 1 0 0 0 PART I, LINE 2: THE ORGANIZATION GOES THROUGH AN ANNUAL BUDGETING PROCESS FOR THE FUNDS USED AT THE EUROPEAN AND EAST ASIA LOCATIONS. MONTHLY REVIEWS OF FINANCIAL ACTIVITY AND PERIODIC RE-PROJECTIONS ARE PERFORMED ON AN ONGOING BASIS THROUGHOUT THE YEAR TO ENSURE THAT FUNDS ARE ONLY SPENT FOR AUTHORIZED PURPOSES IN FURTHERANCE OF THE ORGANIZATION'S EDUCATIONAL MISSION. PART I, LINE 3: ACCRUAL METHOD IS USED TO ACCOUNT FOR EXPENDITURES. GOLF TOURNAMENT 28773 22910 5863 5264 1292 4170 28773 22910 5863 5264 1292 4170 10726 -4863 1 LUCAS THEATRE FOR THE ARTS INC 32 ABERCORN STREET SAVANNAH GA 31401 581775851 501(C )(3) 300000 SUPPORT FOR OPERATIONS NATIONAL MUSUEUM OF WOMEN IN THE ARTS 1250 NEW YORK AVE NW WASHINGTON DC 20005 521238810 501(C )(3) 10000 SUPPORT FOR OPERATIONS THEA FOUNDATION 401 MAIN STREET SUITE NORTH LITTLE ROCK AR 72114 522356755 501(C )(3) 7500 EVENT SUPPORT 3 0 STUDENT SCHOLARSHIPS 12343 105668428 PART I, LINE 2: INSTITUTIONAL SCHOLARSHIPS TO STUDENTS ARE AWARDED PURSUANT TO INSTITUTIONAL POLICIES AND PROCEDURES WHICH CONSIDER A STUDENT'S ACADEMIC ABILITY, ARTISTIC ABILITY AND FINANCIAL NEED. STUDENTS MUST MAINTAIN ACADEMIC STANDARDS AND MAKE SATISFACTORY PROGRESS TO CONTINUE RECEIVING INSTITUTIONAL SCHOLARSHIPS. STUDENTS RECEIVING SCHOLARSHIPS FUNDED BY DONORS MUST MEET THE SPECIFIED SCHOLARSHIP REQUIREMENTS, IF ANY, AS WELL AS MAINTAIN ACADEMIC STANDARDS AND MAKE SATISFACTORY PROGRESS TOWARDS GRADUATION. X X X 1 1 X X X X X 1 1 0 0 0 0 0 1 0 PAULA S WALLACE PRESIDENT 966347 0 944622 0 273498 0 323900 0 12341 0 2520708 0 0 0 JEFFREY J WALLER CHIEF FINANCIAL OFFICER 363964 0 136320 0 28170 0 18718 0 16780 0 563952 0 0 0 MAUREEN GARVIN DEAN, FOUNDATIONS & FINE A 189734 0 4000 0 1633 0 10456 0 5391 0 211214 0 0 0 PHILIP J ALLETTO SVP FOR STUDENT SUCCESS 258869 0 108830 0 1623 0 18209 0 14830 0 402361 0 0 0 TERESA M GRIFFIS VP FOR SCAD ATLANTA 248415 0 8885 0 5242 0 17280 0 5758 0 285580 0 0 0 DR GOKHAN OZAYSIN CHIEF ACADEMIC OFFICER 468180 0 183840 0 33387 0 18718 0 13992 0 718117 0 0 0 JOHN PAUL ROWAN VP FOR SCAD SAVANNAH 253755 0 24800 0 303 0 17688 0 8689 0 305235 0 0 0 BRIAN ROSENTHAL SVP OF OPERATIONS AND GEN 444365 0 50200 0 12807 0 11082 0 14592 0 533046 0 0 0 BRADFORD GRANT VP FOR INFORMATION TECHNOL 242435 0 73954 0 13492 0 17041 0 16480 0 363402 0 0 0 LESLEY C HANAK VP FOR HUMAN RESOURCES 252668 0 69552 0 12333 0 17470 0 4121 0 356144 0 0 0 MICHAEL J FINK DEAN, SCHOOL OF FASHION 224744 0 0 0 2040 0 12471 0 5758 0 245013 0 0 0 ALLISON FALKENBERRY VP FOR PR AND MARKETING 200133 0 45272 0 268 0 10952 0 5448 0 262073 0 0 0 STEVE MINEO VP FOR ADMISSION 204036 0 57960 0 12250 0 10256 0 14830 0 299332 0 0 0 GLENN E WALLACE CHIEF OPERATING OFFICER, T 454193 0 175471 0 3078 0 18718 0 821 0 652281 0 0 0 PART I, LINE 1A BUSINESS CLASS OR CHARTER TRAVEL - SENIOR MANAGEMENT AND TRUSTEES ARE ELIGIBLE FOR BUSINESS CLASS SEATS WHEN TRAVELING ON AUTHORIZED BUSINESS. NO AMOUNT IS REPORTED AS TAXABLE INCOME FOR BUSINESS TRAVEL. THE INSTITUTION'S WHOLLY-OWNED SUBSIDIARY, ACORN LEASING, LLC, OWNS A CORPORATE AIRCRAFT TO FACILITATE THE BUSINESS TRAVEL OF SENIOR MANAGEMENT AND TRUSTEES. THE BOARD HAS ADOPTED A POLICY THAT PROHIBITS ANY NON-BUSINESS USE OF THE AIRCRAFT. WHEN APPLICABLE, IMPUTED INCOME HAS BEEN REPORTED AS TAXABLE COMPENSATION FOR ANY COMPANIONS OF LISTED PERSONS WHO ARE NOT TRAVELING FOR A BUSINESS PURPOSE. TRAVEL FOR COMPANIONS- TO FACILITATE THE ABILITY OF THE PRESIDENT AND TRUSTEES TO CONDUCT BUSINESS AND PARTICIPATE IN THE ACTIVITIES OF THE UNIVERSITY, TRAVEL FOR COMPANIONS/MINOR CHILDREN HAS BEEN PROVIDED AT TIMES. IN SUCH CASES, THE COST OF THE FLIGHT (IF THE TRAVEL WAS VIA COMMERCIAL CARRIER) OR THE APPROPRIATE AMOUNT OF IMPUTED INCOME (PURSUANT TO TAX REGULATIONS REGARDING PERSONAL USE OF CORPORATE AIRCRAFT) HAS BEEN TREATED AS A TAXABLE BENEFIT AND REPORTED AS COMPENSATION. THE BENEFIT WAS PROVIDED DUE TO EXTENSIVE TRAVEL BEING REQUIRED BETWEEN MULTIPLE LOCATIONS (SAVANNAH, ATLANTA, LACOSTE, FRANCE AND HONG KONG). HOUSING ALLOWANCE - AS IS STANDARD PRACTICE FOR UNIVERSITIES, THE PRESIDENT IS PROVIDED A RESIDENCE IN SAVANNAH THAT IS FREQUENTLY USED FOR BUSINESS AND/OR BUSINESS FUNCTIONS (I.E. MEETINGS, RECEPTIONS, DINNERS WITH GUESTS AND DONORS, ETC.). NO AMOUNT HAS BEEN INCLUDED IN THE PRESIDENT'S TAXABLE INCOME FOR USE OF THE PROPERTY. SINCE NOVEMBER 2014, THE PRESIDENT HAS BEEN PROVIDED A HOUSING ALLOWANCE IN CONNECTION WITH HER PERSONAL RESIDENCE IN THE ATLANTA AREA. THE HOUSING ALLOWANCE IS TREATED AS TAXABLE WAGES AND IS INCLUDED IN COLUMN (B) OF PART VII OF THIS FORM 990 AND IN COLUMN (B) (III) OF SCHEDULE J PART II. PART I, LINES 4A-B THE PRESIDENT CONTINUES UNDER A FIVE-YEAR AGREEMENT WHICH BECAME EFFECTIVE JULY 1, 2014. ON JUNE 30, 2019, THE AGREEMENT PROVIDES THE PRESIDENT WITH A LUMP SUM PAYMENT EQUAL TO 10% OF HER FINAL PAY FOR LIFE (ACTUARIALLY DETERMINED.) THE AGREEMENT FURTHER PROVIDES A LUMP SUM EQUAL TO 10 TIMES THE ANNUAL VALUE OF MEDICAL AND DENTAL PREMIUMS (ACTUARIALLY DETERMINED). THE PRESENT VALUE OF THE INCREASE IN THE ACCRUED BENEFIT IS REPORTED IN COLUMN (F) OF PART VII OF THIS FORM 990 AND IN SCHEDULE J PART II, COLUMN (C). THE PRESIDENT WILL CONTINUE UNDER A NEW AGREEMENT STARTING JULY 1, 2019 WHEREBY SHE WILL, ON EACH JUNE 30TH OF HER CONTINUED EMPLOYMENT DURING THE TERM OF THE AGREEMENT, VEST IN A SUPPLEMENTAL RETIREMENT BENEFIT EQUAL TO THE PRESENT VALUE OF A LIFE ANNUITY THAT WILL PROVIDE AN ANNUAL BENEFIT EQUAL TWO PERCENT (2%) OF HER BASE SALARY IN EFFECT ON THE APPLICABLE JUNE 30TH. EACH SUCH VESTED SUPPLEMENTAL BENEFIT SHALL BE PAID TO THE PRESIDENT IN A LUMP SUM WITHIN THIRTY (30) DAYS AFTER THE APPLICABLE JUNE 30TH. PART I, LINE 7 THE PRESIDENT'S COMPENSATION (BASE PAY AND BONUSES), EXECUTIVE MANAGEMENT COMPENSATION (BASE PAY AND BONUSES) AND RELATED PARTY COMPENSATION (BASE PAY AND BONUSES) ARE DETERMINED BY THE BOARD OF TRUSTEES IN CONJUNCTION WITH AN INDEPENDENT COMPENSATION CONSULTING FIRM (AON HEWITT). FOR ALL OTHERS LISTED, COMPENSATION IS DETERMINED IN THE SOLE DISCRETION OF THE COMPENSATION COMMITTEE. PART I, QUESTION 3 THE INSTITUTION COMPLIES WITH THE PROCEDURES AND STANDARDS SET FORTH IN THE IRS REGULATIONS TO RECEIVE THE 'REBUTTABLE PRESUMPTION OF REASONABLENESS' WITH RESPECT TO THE TOTAL COMPENSATION PAID TO THE PRESIDENT. A COMMITTEE OF THE BOARD CONDUCTS AN ANNUAL PERFORMANCE REVIEW OF THE PRESIDENT'S SALARY AND BONUS. ANY AND ALL DECISIONS ARE BASED ON: A) A DOCUMENTED COMPENSATION PHILOSOPHY AND STRATEGY; B) A DETAILED ANNUAL PERFORMANCE REVIEW ON BOTH JOB PERFORMANCE AND THE "BALANCED SCORECARD" OF THE RESULTS OF THE INSTITUTION AND SUBSIDIARIES; AND C) DETAILED AND COMPREHENSIVE MARKET DATA WHICH CONSIDERS ORGANIZATIONS THAT ARE "SIMILARLY SITUATED." AN INDEPENDENT CONSULTING FIRM THAT SPECIALIZES IN BENEFITS AND COMPENSATION PROVIDES TOTAL COMPENSATION MARKET VALUATIONS VIA A COMPENSATION STUDY THAT INCLUDES CONSIDERATION OF THE TOTAL COMPENSATION PAID BY COMPARABLE INSTITUTIONS. THE COMPENSATION EXPERT PROVIDES A WRITTEN OPINION ON THE REASONABLENESS OF TOTAL COMPENSATION. THE FULL BOARD CONSIDERS THE COMMITTEE'S RECOMMENDATION. THIS PRACTICE ALSO INCLUDES A MARKET ANALYSIS OF COMPENSATION PAID TO SENIOR MANAGEMENT AND ANY INDIVIDUAL RELATED TO A MEMBER OF SENIOR MANAGEMENT OR THE BOARD. A PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY 581407780 74265LD47 2014-10-01 194132782 FINANCING ASSOCIATED WITH CAMPUS BUILDING AND STUDENT HOUSING BUILDINGS 0 0 0 A 10235000 194857853 3882655 190975198 2017 0 0 0 1 A 0 0 1 1 0 0.01800 0.01800 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 PART II LINE 3 THE DIFFERENCE BETWEEN THE TOTAL PROCEEDS OF ISSUE (PART II, LINE 3) AND THE ISSUE PRICE LISTED IN PART I, COLUMN (E) IS THE RESULT OF INVESTMENT EARNINGS OF $17,538 DURING THE 2014 TAX YEAR, $430,896 DURING THE 2015 TAX YEAR, $248,955 DURING THE 2016 TAX YEAR AND $27,682 DURING THE 2017 TAX YEAR. CHILD OF FORMER KEY EMPLOYEE 42940 SCHOLARSHIP SPOUSE OF FORMER KEY EMPLOYEE 3990 SCHOLARSHIP SUBSTANTIAL CONTRIBUTOR INDEPENDENT CONTRACTOR ARRANGEMENT 4898127 0 SUBSTANTIAL CONTRIBUTOR INDEPENDENT CONTRACTOR ARRANGEMENT 174266 0 SUBSTANTIAL CONTRIBUTOR INDEPENDENT CONTRACTOR ARRANGEMENT 221029 0 SUBSTANTIAL CONTRIBUTOR INDEPENDENT CONTRACTOR ARRANGEMENT 173983 0 SUBSTANTIAL CONTRIBUTOR INDEPENDENT CONTRACTOR ARRANGEMENT 2045017 0 SUBSTANTIAL CONTRIBUTOR INDEPENDENT CONTRACTOR ARRANGEMENT 20128207 0 SUBSTANTIAL CONTRIBUTOR INDEPENDENT CONTRACTOR ARRANGEMENT 4028335 0 SUBSTANTIAL CONTRIBUTOR INDEPENDENT CONTRACTOR ARRANGEMENT 223750 0 GLENN WALLACE FAMILY MEMBER OF PAULA WALLACE 732798 WAGES AND BENEFITS 0 JOHN PAUL ROWAN FAMILY MEMBER OF PAULA WALLACE 248883 WAGES AND BENEFITS 0 HABIBE ISIL OZAYSIN FAMILY MEMBER OF GOKHAN OZAYSIN 32168 WAGES AND BENEFITS 0 DAVE HANAK FAMILY MEMBER OF LESLEY HANAK 151987 WAGES AND BENEFITS 0 MARY GRANT FAMILY MEMBER OF BRADFORD GRANT 103752 WAGES AND BENEFITS 0 SOPHIA ALLETTO FAMILY MEMBER OF PHILIP ALLETTO 81486 WAGES AND BENEFITS 0 BRANDON OSTERMAN FAMILY MEMBER OF PAULA WALLACE 30973 INDEPENDENT CONTRACTOR ARRANGEMENT 0 X 5 106505 MARKET VALUE X 2 23146 MARKET VALUE X HORSES 7 775500 APPRAISAL 12 0 1 0 PART I, COLUMN (B): NUMBER OF CONTRIBUTORS FORM 990 PART I LINE 1 SCAD MISSION: SCAD PREPARES TALENTED STUDENTS FOR CREATIVE PROFESSIONS THROUGH ENGAGED TEACHING AND LEARNING IN A POSITIVELY ORIENTED UNIVERSITY ENVIRONMENT. SCAD VISION: SCAD WILL BE GLOBALLY RECOGNIZED AS THE PREEMINENT SOURCE OF KNOWLEDGE IN THE DISCIPLINES WE TEACH. SCAD VALUES: BE STRATEGIC. RESEARCH AND MEASURE TO GUIDE WORK AND DOCUMENT RESULTS; BE INNOVATIVE. GENERATE NEW IDEAS AND RELEVANT SOLUTIONS; BE POSITIVE. APPROACH ALL ENDEAVORS WITH ENTHUSIASM; BE COLLABORATIVE. EMBRACE AND ACT UPON OUR COLLECTIVE GENIUS; BE TRANSFORMATIVE. CREATE LIFE-CHANGING EXPERIENCES. THE SAVANNAH COLLEGE OF ART AND DESIGN IS A PRIVATE, NONPROFIT, ACCREDITED INSTITUTION CONFERRING BACHELOR'S AND MASTER'S DEGREES AT DISTINCTIVE LOCATIONS TO PREPARE TALENTED STUDENTS FOR PROFESSIONAL CAREERS. SCAD OFFERS DEGREES IN MORE THAN 40 MAJORS, AS WELL AS MINORS IN MORE THAN 75 DISCIPLINES. WITH OVER 40,000 ALUMNI WORLDWIDE, SCAD DEMONSTRATES AN EXCEPTIONAL EDUCATION AND UNPARALLELED CAREER PREPARATION. AT LOCATIONS IN SAVANNAH AND ATLANTA, GEORGIA; IN HONG KONG; IN LACOSTE, FRANCE; AND ONLINE THROUGH SCAD ELEARNING, THE DIVERSE STUDENT BODY CONSISTS OF MORE THAN 14,000 STUDENTS, FROM ACROSS THE UNITED STATES AND MORE THAN 100 COUNTRIES. SCAD'S INNOVATIVE CURRICULUM IS ENHANCED BY ADVANCED, PROFESSIONAL-LEVEL TECHNOLOGY, EQUIPMENT AND LEARNING RESOURCES. THE UNIVERSITY, STUDENTS, FACULTY AND ALUMNI HAVE GARNERED ACCLAIM FROM RESPECTED ORGANIZATIONS AND PUBLICATIONS WORLDWIDE INCLUDING TIME, VOGUE MAGAZINE AND U.S. NEWS & WORLD REPORT. SINCE THE TIME THAT SCAD OPENED ITS DOORS TO STUDENTS IN 1979, SAVANNAH HAS TRANSFORMED FROM A PLACE WITH A RUN-DOWN HISTORIC DISTRICT AND BOARDED-UP BUILDINGS TO AN INTERNATIONAL BUSINESS AND TOURIST DESTINATION. EXCEPTIONAL UNIVERSITY IMPACT IS BEST MEASURED BY THE CONTRIBUTIONS TO THE QUALITY OF LIFE IN THE COMMUNITIES IT SERVES. FOR FOUR DECADES, SCAD HAS BEEN A POWERFUL FORCE SHAPING THE ECONOMY, THE CULTURE, THE PHYSICAL ENVIRONMENT AND THE REPUTATION OF SAVANNAH, ATLANTA AND THE STATE OF GEORGIA. ALTHOUGH SCAD'S PRIMARY FOCUS IS PREPARING STUDENTS FOR PROFESSIONAL CAREERS, THE UNIVERSITY IS COMMITTED TO CONTINUOUSLY ENHANCING THE COMMUNITIES SURROUNDING ITS CAMPUSES. TO QUANTIFY THE ECONOMIC AND SOCIAL IMPACTS GENERATED BY THE UNIVERSITY THROUGHOUT THE STATE OF GEORGIA, SCAD RETAINED THE CONSULTING FIRM TRIPP UMBACH TO COMPLETE AN ECONOMIC AND COMMUNITY IMPACT STUDY FOR SCAD'S FISCAL YEAR 2017. KEY FINDINGS FROM THE STUDY INCLUDE THE FOLLOWING: GEORGIA: FOR NEARLY FOUR DECADES, SCAD HAS SHAPED THE ECONOMY, CULTURE, BUILT ENVIRONMENT AND REPUTATION OF GEORGIA. WITH PRESTIGIOUS ACCOLADES AND A COMMANDING PRESENCE, SCAD FOSTERS MORE PROSPEROUS COMMUNITIES. $603.3 MILLION IN ANNUAL ECONOMIC IMPACT, 6,689 JOBS IN DIVERSE INDUSTRIES (REAL ESTATE, RETAIL, AND TOURISM),$28.1 MILLION IN ANNUAL STATE AND LOCAL GOVERNMENT TAX REVENUE. SAVANNAH: SCAD MADE ITS FIRST HOME IN SAVANNAH AND HAS WORKED TO ELEVATE THE RENOWN OF THIS HISTORIC CITY, PIONEERING SAFETY AND SECURITY INITIATIVES, ESTABLISHING A STRONG LEGACY OF COMMUNITY SERVICE, AND ANNUALLY ATTRACTING TENS OF THOUSANDS OF STUDENTS, FACULTY AND STAFF, FAMILIES AND VISITORS. $438.6 MILLION IN ANNUAL ECONOMIC IMPACT, 5,360 JOBS IN DIVERSE INDUSTRIES (REAL ESTATE, RETAIL, AND TOURISM), $23.6 MILLION IN DIRECT, INDIRECT, AND INDUCED TAX PAYMENTS. ATLANTA: SCAD OPENED ITS ATLANTA CAMPUS IN 2005, AMPLIFYING THE EDUCATIONAL AND PROFESSIONAL OPPORTUNITIES IN THIS MAJOR U.S. MARKET, AND BUILDING THE CHARACTER OF THE CITY ALONGSIDE MAJOR COMPANIES LIKE DELTA, TURNER, AND COCA-COLA. TODAY, SCAD STANDS AT THE CENTER OF ATLANTA'S GROWING DESIGN, FASHION AND ENTERTAINMENT INDUSTRIES, WITH CAREER-FOCUSED AND CULTURAL FEATURES LIKE SCADFILM, SCAD FASH MUSEUM OF FASHION + FILM, AND THE MERCEDES-BENZ STADIUM ART COLLECTION. $122.6 MILLION IN ANNUAL ECONOMIC IMPACT, 1,130 JOBS IN DIVERSE INDUSTRIES (REAL ESTATE, RETAIL, AND TOURISM), $5.1 MILLION IN DIRECT, INDIRECT, AND INDUCED TAX PAYMENTS. SCAD HAS A LONG-STANDING TRADITION OF COMMUNITY SERVICE. FROM THE VERY FIRST SCAD SIDEWALK ARTS FESTIVAL (A PUBLIC ART FESTIVAL IN FORSYTH PARK IN SAVANNAH, GA) IN 1981, SCAD HAS BEEN COMMITTED TO ENRICHING THE COMMUNITIES THAT THE UNIVERSITY CALLS HOME. IN 2017-18, SCAD CONTINUED ITS TRADITION OF GIVING BACK TO THE COMMUNITY IN MANY WAYS. THE SCAD BUZZ BUS, OUR MOBILE UNIT FOR CREATIVE GIFT-GIVING, TRAVELS TO ELEMENTARY AND MIDDLE SCHOOLS AND OTHER YOUTH-CENTERED ORGANIZATIONS AROUND SAVANNAH AND ATLANTA TO DELIVER MUCH-NEEDED ART SUPPLIES FOR TEACHERS AND STUDENTS AND BOOKS FOR SCHOOL LIBRARIES. THE SCAD BUZZ BUS HAS POSITIVELY IMPACTED MORE THAN 12,000 PK-12 CHILDREN SINCE IT WAS ESTABLISHED IN 2010, SUPPLYING THEM WITH THE TOOLS NECESSARY TO EXPLORE THEIR ARTISTIC INTERESTS AND CREATE INSPIRED WORKS. ANNUALLY, SCAD COLLECTS UNUSED ART AND SCHOOL SUPPLIES FROM UNIVERSITY DEPARTMENTS AND HOSTS A "FREE SHOPPING DAY" FOR TEACHERS. IN SUMMER 2017, SCAD MADE ART SUPPLIES AVAILABLE TO EDUCATORS AND ADMINISTRATORS FROM LOCAL SCHOOLS AND NON-PROFITS IN SAVANNAH WHO WERE INVITED TO SELECT ITEMS FOR THEIR CLASSROOMS. IN AUGUST 2017, FOR THE THIRD CONSECUTIVE YEAR, SCAD MADE A CONTRIBUTION OF MORE THAN 150 BACKPACKS FILLED WITH SCHOOL SUPPLIES TO THE SAVANNAH-CHATHAM METROPOLITAN POLICE DEPARTMENT'S ANNUAL STUFF THE CONTAINER CAMPAIGN, A SAVANNAH IMPACT PROGRAM INITIATIVE THAT BENEFITS LOCAL AT-RISK CHILDREN. DECEMBER 2017 MARKED THE UNIVERSITY'S 23RD YEAR SUPPORTING THE SAVANNAH UNION MISSION WITH HOLIDAY GIFTS FOR CHILDREN. UNION MISSION PRESENTED SCAD WITH THE WISH LISTS OF MORE THAN 100 CHILDREN IN NEED RANGING IN AGE FROM NEWBORN TO 18 YEARS. SCAD STUDENT, FACULTY, AND STAFF VOLUNTEERS DONATED HUNDREDS OF ITEMS TO ENSURE THAT EACH CHILD AT THE MISSION RECEIVED SPECIAL GIFTS, INCLUDING BICYCLES, TOYS, BOOKS, CLOTHING, AND MORE. SCAD SECURITY CONDUCTS COMMUNITY PATROLS IN DOWNTOWN AND MIDTOWN SAVANNAH FOR THE BENEFIT OF STUDENTS, AND THROUGH THIS INITIATIVE, THE SCAD DEPARTMENT OF UNIVERSITY SAFETY ALSO PROVIDES SUPPORT TO THE SAVANNAH POLICE DEPARTMENT. FOR GEORGIA DAY 2018, SCAD HONORED IMPORTANT WOMEN IN SAVANNAH'S HISTORY BY INDUCTING FIVE MORE WOMEN INTO THE SAVANNAH WOMEN OF VISION IN SCAD'S ARNOLD HALL. COMMUNITY MEMBERS AND THE FAMILIES OF THE HONOREES ATTENDED A TRIBUTE CEREMONY TO HONOR AND LEARN ABOUT WOMEN WHO CONTRIBUTED TO MAKING SAVANNAH THE GREAT CITY IT IS TODAY. SCAD PROVIDES STUDENTS AN AVENUE TO PARTICIPATE IN COMMUNITY SERVICE INITIATIVES THROUGH SCAD SERVE. SCAD SERVE'S INITIATIVES INCLUDE HEALING AND EDUCATING THROUGH ART (PROVIDING ART THERAPY OPPORTUNITIES AT MEMORIAL HOSPITAL AND OTHER HEALING CENTERS IN SAVANNAH), HABITAT FOR HUMANITY (ASSISTING WITH THE CONSTRUCTION OF HOMES), AMERICA'S SECOND HARVEST KIDS CAF (VISITING THE AFTER-SCHOOL PROGRAM TO ENGAGE CHILDREN IN ART PROJECTS AND SOCIAL DEVELOPMENT), PET PROJECT (SOCIALIZING DOGS AND CATS WITH COASTAL PET RESCUE AND THE HUMANE SOCIETY), SILVER (OUTREACHING TO SENIOR CITIZENS), SAVANNAH CHILDREN'S MUSEUM (ASSISTANCE WITH SPECIAL EVENTS), BEACH AND COMMUNITY CLEAN UP, AND ALTERNATIVE SPRING BREAK (WEEKLONG SERVICE PROJECTS DURING SPRING BREAK). IN 2017-18, SCAD SERVE ORGANIZED 96 VOLUNTEER OPPORTUNITIES; 852 VOLUNTEERS TOTALED OVER 2,560 HOURS OF COMMUNITY SERVICE TO SAVANNAH. IN APRIL 2018, SCAD SERVE RECEIVED THE ARTS AND CULTURE VOLUNTEER OF THE YEAR AWARD FROM THE UNITED WAY OF THE COASTAL EMPIRE. SCAD STUDENTS ALSO VOLUNTEER THROUGH THE BOOK BUDDY PROGRAM, WHICH CONNECTS SCAD STUDENTS WITH LOCAL ELEMENTARY STUDENTS TO SUPPORT AND IMPROVE LITERACY AND MATH SKILLS. IN 2017-18, SCAD STUDENTS CONTRIBUTED 770 SERVICE HOURS TO THE BOOK BUDDY PROGRAM BY WORKING ONE-ON-ONE WITH STUDENTS AT GARRISON ELEMENTARY SCHOOL. SCAD ACTIVELY SUPPORTS GOODWILL'S COMMITMENT TO RESPONSIBLE RECYCLING AND KEEPING ITEMS OUT OF THE WASTE STREAM. SINCE 2013, SCAD HAS CHAMPIONED THE "GOODWILL, NOT LANDFILL" CAMPAIGN, PLACING CONVENIENT DONATION BINS AT MULTIPLE LOCATIONS NEAR RESIDENCE HALLS WHERE STUDENTS CAN DONATE UNWANTED ITEMS RATHER THAN THROWING THEM IN THE TRASH, AND SCAD DELIVERS THE ITEMS TO GOODWILL, SUPPORTING THAT ORGANIZATION'S MISSION TO PROVIDE JOBS AND JOB TRAINING FOR INDIVIDUALS WITH DISABILITIES, VETERANS, AND OTHERS. AS A RESULT, 210,000 POUNDS HAVE BEEN DIVERTED FROM LANDFILLS TO DATE, SUPPORTING GOODWILL AND ITS JOB TRAINING MISSION. FORM 990, PART I, LINE 1 SCAD HAS THREE MUSEUMS, ALL OF WHICH ARE OPEN TO THE PUBLIC. IN SAVANNAH, THE SCAD MUSEUM OF ART, DESIGNED BY ARCHITECT AND SCAD ALUMNUS CHRISTIAN SOTTILE, IS AN AWARD-WINNING CONTEMPORARY ART AND DESIGN MUSEUM BUILT FROM THE NATION'S OLDEST SURVIVING ANTEBELLUM RAILROAD DEPOT. OFFERING AN ARRAY OF EXHIBITIONS AND EVENTS THROUGHOUT THE YEAR, THE SCAD MUSEUM OF ART ATTRACTS MORE THAN 45,000 VISITORS ANNUALLY. IN ATLANTA, SCAD FASH MUSEUM OF FASHION AND FILM, WITHIN ITS 10,000 SQUARE FEET OF ADAPTABLE EXHIBITION SPACE, BRINGS A DYNAMIC AND DISTINCT SCHEDULE OF FASHION-FOCUSED EXHIBITIONS AND COMPELLING FILMS. AN ADDITIONAL 27,000 SQUARE FEET ACADEMIC AND STUDIO SPACE ALSO SURROUNDS THE PERIMETER OF THE MUSEUM, INCLUDING A FASHION RESOURCE LIBRARY AND GARMENT COLLECTION AND FILM SALON. THE SCAD LACOSTE ADMISSION AND HISTORY CENTER, HOUSED IN A FORMER 17TH-CENTURY KITCHEN, HOLDS ARTIFACTS THAT SCAD PRESERVATIONISTS DISCOVERED WHILE RESTORING THE SCAD LACOSTE FACILITIES, INCLUDING ROMAN CARVINGS AND COINS, MEDIEVAL ARTIFACTS, WORLD WAR II BULLETS, AND A 16TH-CENTURY CANNONBALL. SCAD CREATES K-12 CURRICULUM GUIDES TO ACCOMPANY EXHIBITIONS AT THE SCAD MUSEUM OF ART IN SAVANNAH AND SCAD FASH MUSEUM FOR FASHION AND FILM IN ATLANTA. ALIGNED WITH THE NATIONAL VISUAL ARTS STANDARDS, THE AWARD-WINNING CURRICULUM GUIDES ARE MADE AVAILABLE FREE OF CHARGE TO EDUCATORS AND STUDENTS, AND DURING 2017-18 CURRICULUM GUIDES WERE DEVELOPED FOR DOZENS OF SCAD EXHIBITIONS AND WERE DISTRIBUTED TO SCHOOL GROUPS VISITING SCAD MUSEUMS. SCAD REGULARLY HOSTS SCHOOL GROUPS FOR MUSEUM TOURS, AND IN 2017-18, NEARLY 2,200 K-12 STUDENTS VISITED SCAD MUSEUMS. AT SCAD, ALL GALLERY EXHIBITIONS AND LECTURES ARE FREE AND OPEN TO THE PUBLIC (THE SCAD MUSEUM OF ART AND SCAD FASH CHARGE A MODEST ADMISSION AND OFFER DISCOUNTS TO MILITARY AND SENIOR CITIZENS AND CHILDREN UNDER 14 ARE FREE). ANNUALLY, THE SCAD MUSEUM OF ART HOSTS A FAMILY DAY WITH FREE ADMISSION AND MANY EDUCATIONAL ACTIVITIES FOR CHILDREN AND FAMILIES, AND SCAD MOA AND SCAD FASH ALSO PARTICIPATE IN GEORGIA'S SUPER MUSEUM SUNDAY WITH FREE ADMISSION. IN FEB 2018, SCAD MUSEUMS HOSTED 1,500 VISITORS ON SUPER MUSEUM SUNDAY. IN 2017-18, SCAD ALSO HOSTED EDUCATIONAL ART FESTIVALS THAT WERE FREE AND OPEN TO THE PUBLIC, INCLUDING SCAD DEFINE ART, SCADSTYLE, SIDEWALK ARTS FESTIVAL, AND SAND ARTS FESTIVAL. SCAD ALSO OFFERS THE SCAD EDUCATOR FORUM ANNUALLY, GIVING EDUCATORS THE OPPORTUNITY TO LEARN NEW KNOWLEDGE AND SKILLS IN A VARIETY OF AREAS. THE FORUM IS OFFERED IN SAVANNAH AND ATLANTA, GEORGIA FOR A NOMINAL FEE. FORM 990, PART VI, SECTION A, LINE 2 THERE IS A FAMILY RELATIONSHIP BETWEEN PAULA WALLACE AND JOHN PAUL ROWAN. THERE IS A FAMILY RELATIONSHIP BETWEEN PAULA WALLACE AND GLENN E. WALLACE. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING, THE RETURN WAS DISTRIBUTED TO BOARD MEMBERS PROVIDING AN OPPORTUNITY TO ASK QUESTIONS AND PROVIDE INPUT. FORM 990, PART VI, SECTION B, LINE 12C THE UNVERSITY'S CORPORATE GOVERNANCE POLICY, WHICH IS AVAILABLE TO ALL EMPLOYEES VIA THE INSTITUTION'S INTRANET AND EMPLOYEE HANDBOOK, PROVIDES GUIDANCE TO ALL EMPLOYEES ON ISSUES OF CONFLICTS OF INTEREST. THE BOARD OF TRUSTEES IS RESPONSIBLE FOR EVALUATING ANY CONFLICTS OF INTEREST AND, IF APPROPRIATE, AUTHORIZING ANY CONTRACT OR TRANSACTION BY THE AFFIRMATIVE VOTE OF A MAJORITY OF THE DISINTERESTED TRUSTEES IF THERE IS A CONFLICT OF INTEREST INVOLVING TRUSTEES. THE UNIVERSITY OBTAINS ANNUALLY A DISCLOSURE OF POTENTIAL CONFLICTS BY TRUSTEES AND MEMBERS OF SENIOR MANAGEMENT. A WHISTLE BLOWER REPORTING PROCESS HAS BEEN ESTABLISHED. THERE IS A DESIGNATED FULL-TIME COMPLIANCE OFFICER THAT INVESTIGATES AND RESOLVES ETHICS COMPLAINTS, INCLUDING CONFLICTS OF INTEREST, INVOLVING EMPLOYEES. FORM 990, PART VI, SECTION B, LINE 15 FORM 990 PART VI, LINE 15A - COMPENSATION PROCESS FOR TOP OFFICIAL: ANSWERED IN SCHEDULE J. FORM 990 PART VI, LINE 15B - COMPENSATION PROCESS FOR OFFICERS THE COMPENSATION OF EACH MEMBER OF SENIOR MANAGEMENT IS SET BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES FOLLOWING THE PROCEDURES AND STANDARDS SET FORTH IN THE IRS REGULATIONS IN ORDER TO RECEIVE THE "REBUTTABLE PRESUMPTION". AN INDEPENDENT CONSULTING FIRM (AON) THAT SPECIALIZES IN COMPENSATION AND BENEFITS PROVIDES MARKET INFORMATION FOR EACH POSITION VIA A COMPENSATION STUDY THAT INCLUDES CONSIDERATION OF THE COMPENSATION PAID BY OTHER EDUCATIONAL INSTITUTIONS. THE COMPENSATION EXPERT PROVIDES A WRITTEN OPINION ON THE REASONABLENESS OF COMPENSATION. THIS PRACTICE ALSO INCLUDES THE COMPENSATION PAID TO ANY INDIVIDUAL RELATED TO A MEMBER OF SENIOR MANAGEMENT OR THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 FORM 990, PART VI, LINE 19 - GOVERNING DOCUMENTS DISCLOSURE EXPLANATION THE CONFLICTS OF INTEREST POLICY IS PUBLISHED IN THE EMPLOYEE HANDBOOKS AND AVAILABLE ON MYSCAD, THE INSTITUTION'S INTRANET. THE GOVERNING DOCUMENTS AND AUDITED FINANCIAL STATEMENTS ARE NOT DISSEMINATED TO THE PUBLIC AT THIS TIME. FORM 990 PART XII LINE 2C THE BOARD HAS ESTABLISHED AN AUDIT COMMITTEE THAT IS RESPONSIBLE FOR THE OVERSIGHT OF THE INTERNAL AND EXTERNAL AUDIT FUNCTIONS. THE AUDIT COMMITTEE IS ALSO RESPONSIBLE FOR THE SELECTION OF THE INDEPENDENT ACCOUNTING FIRM THAT AUDITS THE INSTITUTION. 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