2019-04-09T13:58:37-05:00 2018-05-31 560574444 CHERRY BEKAERT LLP 1111 METROPOLITAN AVE STE 900 CHARLOTTE NC 28204 990 2017-06-01 590637903 RINGLING COLLEGE OF ART AND DESIGN INC RING 9413515100 2700 NORTH TAMIAMI TRAIL SARASOTA FL 34234 LARRY R THOMPSON PRESIDENT 9413597514 2019-04-09 1 AMANDA ADAMS P00748038 7043771678 66.168.122.91 2019-04-09 13:00:31 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 0B670C8C210F0245D71F1F8B052AA4E3CE9649D0 2017 2019-02-21 02:37:17Z LARRY R THOMPSON 2700 NORTH TAMIAMI TRAIL SARASOTA FL 34234 105658968 0 X WWW.RINGLING.EDU X 1931 FL RINGLING COLLEGE OF ART AND DESIGN IS A SMALL, PRIVATE COLLEGE OFFERING PROGRAMS LEADING TO DEGREES THAT PREPARE STUDENTS TO BE DISCERNING VISUAL THINKERS AND ETHICAL PRACTITIONERS IN THEIR CHOSEN AREA OF ART AND DESIGN. RINGLING'S CURRICULUM BALANCES THE TEACHING OF TECHNICAL KNOWLEDGE AND SKILLS WITH THE DEVELOPMENT OF CRITICAL, CONCEPTUAL AND CREATIVE ABILITIES AND SUPPORTS COURSES THAT PROVIDE HISTORICAL, MULTICULTURAL, GLOBAL AND FUTURE PERSPECTIVES. 40 39 972 403 -92419 -92395 15048698 18408214 69314947 77944559 -742816 1501790 -40263 -132687 83580566 97721876 13353676 15982572 0 0 29248389 31778080 33285 140609 2076962 32480954 35817459 75116304 83718720 8464262 14003156 240586926 325120576 89993681 157006106 150593245 168114470 X SEE SCHEDULE O 0 0 61474324 15659602 63507864 TUITION AND FEES: RINGLING COLLEGE OF ART AND DESIGN PROVIDES INSTRUCTION IN VISUAL ARTS EDUCATION TO OVER 1,400 STUDENTS IN FULLY ACCREDITED FOUR-YEAR DEGREE PROGRAMS LEADING TO BFA AND BA DEGREES. 10044417 253440 12886716 AUXILIARY: RINGLING COLLEGE OF ART AND DESIGN OPERATES VARIOUS AUXILIARY ENTERPRISES INCLUDING DINING SERVICES, HOUSING, AND BOOKSTORE SERVICES IN SUPPORT OF A RESIDENTIAL COMMUNITY WHICH SUPPORTS STUDENT DEVELOPMENT AND FOR THE CONVENIENCE OF ITS STUDENTS, FACULTY AND STAFF. 3075191 69530 1549979 COMMUNITY OUTREACH: RINGLING COLLEGE OF ART AND DESIGN PROVIDES VISUAL AND LIBERAL ARTS INSTRUCTION FOR THE COMMUNITY THROUGH VARIOUS PROGRAMS ON A NON-CREDIT BASIS. 74593932 1 1 0 1 0 0 0 1 1 1 1 0 0 0 1 1 1 0 1 0 1 0 1 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 1918 0 1 972 1 1 1 0 0 0 0 1 1 0 0 0 0 X 40 39 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 FL X MONICA WAID 9413597514 2700 N TAMIAMI TRAIL SARASOTA FL 34234 DEAN EISNER CHAIR 1.00 X X 0 0 0 JEAN MARTIN VICE CHAIR 1.00 X X 0 0 0 GEORGE MILES TREASURER 1.00 X X 0 0 0 MICHAEL KLEIN SECRETARY 1.00 X X 0 0 0 ALI M BAHAJ TRUSTEE 1.00 X 0 0 0 ROBERT BARTNER TRUSTEE 1.00 X 0 0 0 RICHARD BASCH TRUSTEE 1.00 X 0 0 0 ALEX BEAVERS JR TRUSTEE 1.00 X 0 0 0 CAROL CAMIENER TRUSTEE 1.00 X 0 0 0 ELAINE CROUSE TRUSTEE 1.00 X 0 0 0 MAURICE CUNNIFFE TRUSTEE 1.00 X 0 0 0 ARIANE DART TRUSTEE 1.00 X 0 0 0 LINDA DICKINSON TRUSTEE 1.00 X 0 0 0 JAMES ERICSON TRUSTEE 1.00 X 0 0 0 HERMAN FRANKEL TRUSTEE 1.00 X 0 0 0 LARRY GARBERDING TRUSTEE 1.00 X 0 0 0 TERI HANSEN TRUSTEE 1.00 X 0 0 0 JACK HARRISON TRUSTEE 1.00 X 0 0 0 WILLIAM ISAAC TRUSTEE 1.00 X 0 0 0 DR EDWARD H JENNINGS TRUSTEE 1.00 X 0 0 0 CHERYL LOEFFLER TRUSTEE 1.00 X 0 0 0 FLORA MAJOR TRUSTEE 1.00 X 0 0 0 RUSSELL MANK TRUSTEE 1.00 X 0 0 0 NANCY MARKLE TRUSTEE 1.00 X 0 0 0 FRANK MARTUCCI TRUSTEE 1.00 X 0 0 0 GREGORY MATTHEWS TRUSTEE 1.00 X 0 0 0 MARY ANN MEYER TRUSTEE 1.00 X 0 0 0 DR JOEL MORGANROTH TRUSTEE 1.00 X 0 0 0 KARL NEWKIRK TRUSTEE 1.00 X 0 0 0 ISABEL NORTON TRUSTEE 1.00 X 0 0 0 ROSEMARY OBERNDORF TRUSTEE 1.00 X 0 0 0 BRANDON OLDENBURG TRUSTEE 1.00 X 0 0 0 SUSAN PALMER TRUSTEE 1.00 X 0 0 0 CAROL PHILLIPS TRUSTEE 1.00 X 0 0 0 SAMUEL SAMELSON TRUSTEE 1.00 X 0 0 0 JANET B SCHMIDT TRUSTEE 1.00 X 0 0 0 WILLIE M STANFIELD TRUSTEE 1.00 X 0 0 0 STEVEN B STEIN TRUSTEE 1.00 X 0 0 0 LOIS STULBERG TRUSTEE 1.00 X 0 0 0 PETER WEILL TRUSTEE 1.00 X 55080 0 0 DR LARRY R THOMPSON PRESIDENT 40.00 X 527762 0 67845 DR TRACY A WAGNER VP FOR FINANCE & ADMINISTRATION 40.00 X 232909 0 29765 CHRISTINE C DEGEORGE VP FOR HUMAN & ORGANIZATIONAL DEV. 40.00 X 206575 0 29243 DR MAHMOUD PEGAH DIRECTOR OF INSTITUTIONAL TECHNOLOGY 40.00 X 205274 0 21158 STACEY CORLEY VP FOR ADVANCEMENT 40.00 X 186104 0 30873 DR TAMMY WALSH VP FOR STUDENT LIFE/DEAN OF STUDENTS 40.00 X 170323 0 18147 CYNTHIA GRAVINO ASSOCIATE VP FOR COLLABORATIVE ENT. 40.00 X 169327 0 7811 DAVID H JACKSON ASSOCIATE VP FOR ACADEMIC AFFAIRS 40.00 X 163091 0 18243 1916445 0 223085 34 0 1 0 WILLIS A SMITH CONSTRUCTION 5001 LAKEWOOD RANCH BLVD N SARASOTA FL 34240 CONSTRUCTION SERVICES 12857984 CHARTWELLS DINING SERVICES 2400 YORKMONT ROAD CHARLOTTE NC 28217 DINING SERVICES 2609508 TOM WESSEL CONSTRUCTION CORP 2639 FRUITVILLE RD 303 SARASOTA FL 34240 CONSTRUCTION SERVICES 2581637 AYERSSAINTGROSS INCORPORATED 1040 HULL ST SUITE 100 BALTIMORE MD 21230 DESIGN SERVICES 1410084 CUSTODIAL MAINTENANCE INC 6222 TOWER LANE STE A-7 SARASOTA FL 34240 CUSTODIAL SERVICES 1225945 25 11225 297046 1150803 16949140 4476674 18408214 TUITION & FEES 900099 63507864 63507864 AUXILIARY SERVICES 900099 12886716 12886716 CONTINUING EDUCATION 900099 1549979 1549979 77944559 1717282 1717282 13426 2897 10529 10529 10529 7102378 4000 7321870 0 -219492 4000 -215492 -72 -215420 357573 297046 550157 -192584 -92347 -100237 6470 7288 -818 -818 96574 54880 41694 41694 GAIN ON DAMAGED ASSETS 900099 8492 8492 8492 97721876 77944559 -92419 1461522 X 82672 82672 15885500 15885500 14400 14400 1234498 1234498 23175517 20562379 1645782 967356 746535 657261 53121 36153 4907930 3731168 1027557 149205 1713600 1471559 175907 66134 102934 100324 2610 105695 105695 38400 38400 140609 140609 100684 100684 9367984 8704193 244366 419425 1018030 735586 200053 82391 2318242 1668922 551552 97768 1742575 1740145 336 2094 3621863 3391978 220394 9491 941063 830340 74622 36101 371417 297303 41562 32552 3520708 3053352 467356 10961512 10355502 576224 29786 1026402 982818 38297 5287 STUDENT RELATED EXPENSE 385370 385370 194580 43484 151096 83718720 74593932 7047826 2076962 17313856 64717960 13742860 15283738 470250 127773 1910423 2024245 284530862 101461560 149943425 183069302 50013668 53319461 140035 16210 7052409 6561887 240586926 325120576 10378056 16447179 1287846 1110929 59006055 125645858 390672 726995 11492631 6500000 7438421 6575145 89993681 157006106 X 63504506 68045649 64110762 73426968 22977977 26641853 150593245 168114470 240586926 325120576 X 14003156 3411920 106149 X 0 1 X 1 1 1 X 14342141 16832493 11987621 15048698 18408214 76619167 14342141 16832493 11987621 15048698 18408214 76619167 6387067 70232100 1748325 1856891 1631081 1306309 1730708 8273314 31640 0 0 0 0 31640 84924121 324286835 0.82700 X PART I - REASON FOR PUBLIC CHARITY STATUS THE COLLEGE IS CLASSIFIED AS A PUBLIC CHARITY, A SCHOOL, IN ACCORDANCE WITH SECTION 170(B)(1)(A)(II) OF THE INTERNAL REVENUE CODE. HOWEVER, THE COLLEGE HAS ELECTED TO FOLLOW THE "SPECIAL RULE" FOR REPORTING CONTRIBUTIONS ON SCHEDULE B WHICH PROVIDES THAT 501(C)(3) ORGANIZATIONS THAT SATISFY THE 33 1/3% SUPPORT TESTS OF SECTIONS 509(A)(1) AND 170(B)(1)(A)(VI) NEED ONLY DISCLOSE ON SCHEDULE B GIFTS FROM ANY ONE CONTRIBUTOR THAT TOTAL THE GREATER OF (1) $5,000 OR (2) 2% OF TOTAL CONTRIBUTIONS, GIFTS, GRANTS AND SIMILAR AMOUNTS RECEIVED. THEREFORE, THE COLLEGE HAS COMPLETED THE SUPPORT SCHEDULE IN PART II TO SUBSTANTIATE THAT IT MEETS THE PUBLIC SUPPORT TEST. THE COLLEGE CONTINUES TO QUALIFY AS A SCHOOL. 0 0 0 0 0 0 0 0 1 43392 43392 0 PART II-B, LINE 1: THE COLLEGE IS A MEMBER OF AN ASSOCIATION OF INDEPENDENT COLLEGES WHOSE LOBBYING ACTIVITIES RELATED TO THE CONTINUATION OF THE FLORIDA RESIDENT ACCESS GRANT WHICH BENEFITS FLORIDA STUDENTS AT PRIVATE COLLEGES. THE COLLEGE ALSO RETAINS A CONSULTING FIRM FOR REPRESENTATION AS NEEDED BEFORE THE FLORIDA LEGISLATURE, EXECUTIVE BRANCH, AND ANY OTHER LOCAL GOVERNMENT AGENCIES. 399400 5028058 X X X 1 0 1 X 47488859 4587185 2909744 1606450 250000 53129338 42091138 2038759 4626200 1101881 165357 47488859 45846003 553041 -2707933 1380175 219798 42091138 43107326 2785934 1305293 1136125 216425 45846003 36106488 4343619 3735492 870225 86200 121848 43107326 0.39370 0.50150 0.10480 1 0 2065000 31323256 33388256 130304593 63647528 66657065 957829 467853 489976 73152566 35731511 37421055 46727618 1614668 45112950 183069302 ANNUITY PAYABLE 1146028 STUDENT DEPOSITS 636400 CAPITAL LEASE OBLIGATION 4792717 6575145 X 86283441 3411920 204516 -15569409 -11952973 98236414 100684 -615222 -514538 97721876 68762216 204516 615222 819738 67942478 100684 15675558 15776242 83718720 PART III, LINE 1A: THE COLLEGE'S POLICY IS TO CAPITALIZE DONATED WORKS OF ART AT FAIR VALUE AND PURCHASED WORKS OF ART AT COST IF NOT PRESERVED AND HELD FOR PUBLIC EXHIBITION OR IF INTENDED TO BE SOLD WITHOUT PROCEEDS USED FOR PURCHASES OF WORKS OF ART. OF THE $6,561,887 AND $7,052,409 PRESENTED IN OTHER NON-CURRENT ASSETS ON THE STATEMENTS OF FINANCIAL POSITION, $5,028,058 AND $4,565,328 AS OF MAY 31, 2018 AND 2017, RESPECTIVELY, ARE DONATED WORKS OF ART WHICH ARE BEING HELD WITH THE INTENT OF RESALE AND DO NOT MEET THE DEFINITION OF A COLLECTION. THE COLLEGE'S COLLECTIONS INCLUDE WORKS OF ART THAT ARE MAINTAINED IN THE COLLEGE'S GALLERIES AND LIBRARY AND LOANED TO ON-CAMPUS DEPARTMENTS AND LOCAL ENTITIES. THESE COLLECTIONS ARE PROTECTED AND PRESERVED FOR PUBLIC EXHIBITION, EDUCATION AND RESEARCH. EACH OF THE ITEMS IS CATALOGED, PRESERVED AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED PERIODICALLY. THE COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE COLLEGE'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS IN THE STATEMENTS OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED OR IN TEMPORARILY RESTRICTED NET ASSETS IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. PART III, LINE 4: OUR COLLECTIONS INCLUDE PAINTINGS, PRINTS AND SCULPTURE REFLECTING A MYRIAD OF ARTISTIC STYLES DONATED BY INDIVIDUALS TO THE COLLEGE FOR SELECTIVE PUBLIC DISPLAY. THE COLLECTION SERVES AS AN IMPORTANT CULTURAL RESOURCE FOR OUR STUDENTS, FACULTY, STAFF AND COMMUNITY SERVING TO EDUCATE AND INSPIRE. THE COLLEGE'S COLLECTIONS INCLUDE WORKS OF ART THAT ARE MAINTAINED IN THE COLLEGE'S GALLERIES AND LIBRARY AND LOANED TO ON-CAMPUS DEPARTMENTS AND LOCAL ENTITIES. THESE COLLECTIONS ARE PROTECTED AND PRESERVED AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED PERIODICALLY. PART IV, LINE 2B: FUNDS HELD IN CUSTODY FOR OTHERS PRIMARILY RELATES TO STUDENT ORGANIZATIONS. PART V, LINE 4: ENDOWMENT FUNDS ARE USED TO SUPPORT STUDENT SCHOLARSHIPS, ACADEMIC PROGRAMS AND INSTITUTIONAL SUPPORT. PART X, LINE 2: A RULING FROM THE U.S. TREASURY DEPARTMENT, DATED MAY 19, 1938, STATES THAT RINGLING SCHOOL OF ART AND DESIGN IS EXEMPT FROM FEDERAL INCOME TAX UNDER THE PROVISIONS OF 101(6) OF THE REVENUE ACT OF 1936, WHICH IS NOW 501(C)(3) OF THE 1986 CODE. HOWEVER, THE COLLEGE'S UNRELATED BUSINESS INCOME IS SUBJECT TO INCOME TAX AT CORPORATE RATES. THE COLLEGE'S POLICY IS TO RECORD A LIABILITY FOR ANY BENEFICIAL TAX POSITION, EXCLUDING ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT THE POSITION TAKEN BY MANAGEMENT WITH RESPECT TO A TRANSACTION OR CLASS OF TRANSACTIONS WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT BELIEVES THERE ARE NO SUCH POSITIONS AS OF MAY 31, 2018 AND MAY 31, 2017 AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCE SHOWN NET OF REVENUE ON FINANCIALS -15,352,092. AUXILIARY ALLOWANCE (SCHOLARSHIPS) -253,440. CSSP & ART CENTER (SCHOLARSHIPS) -70,026. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 112,623. CHANGE IN VALUE OF GIFTED ARTWORK -6,474. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -2,897. FUNDRAISING EVENT EXPENSES -550,157. GAMING ACTIVITIES EXPENSES -7,288. COST OF GOODS SOLD -54,880. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 2,897. FUNDRAISING EVENT EXPENSES 550,157. GAMING ACTIVITIES EXPENSES 7,288. COST OF GOODS SOLD 54,880. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCE SHOWN NET OF REVENUE ON FINANCIALS 15,352,092. AUXILIARY ALLOWANCE (SCHOLARSHIPS) 253,440. CSSP & ART CENTER (SCHOLARSHIPS) 70,026. 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 POLICY IS PUBLISHED ON THE COLLEGE'S WEBSITE FOR PROSPECTIVE STUDENT APPLICANTS. SCHEDULE E, PART I, LINE 6 FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENTAL AGENCY IS DISTRIBUTED TO STUDENTS USING FEDERALLY APPROVED FINANCIAL NEED ANALYSIS CRITERIA. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES STUDY ABROAD 998 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES SEMINARS & CONFERENCES 3761 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES RECRUITING 95886 EUROPE 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION 14400 EUROPE 0 0 PROGRAM SERVICES STUDY ABROAD 18929 EUROPE 0 0 PROGRAM SERVICES SEMINARS & CONFERENCES 27539 EUROPE 0 0 PROGRAM SERVICES RESEARCH 1952 EUROPE 0 0 FUNDRAISING 12 EUROPE 0 0 PROGRAM SERVICES RECRUITING 18661 NORTH AMERICA 0 0 PROGRAM SERVICES SEMINARS & CONFERENCES 15035 RUSSIA AND NEIGHBORING STATES 0 0 PROGRAM SERVICES RECRUITING 3338 SOUTH ASIA 0 0 PROGRAM SERVICES RECRUITING 9598 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD 5013 0 0 0 0 0 0 163477 51645 215122 STUDY ABROAD TUITION EUROPE 1 14400 CHECK 0 0 0 0 0 0 PART I, LINE 2: THE ORGANIZATION FACILITATES FUNDING OF STUDENT PROJECTS RELATED TO THE INSTITUTIONAL MISSION, WHICH MAY OCCUR IN A FOREIGN COUNTRY. ALL EXPENSES ARE SUBSTANTIATED UNDER AN ACCOUNTABLE PLAN TO ENSURE APPROPRIATE USE OF FUNDS. PART I, LINE 3: EXPENDITURES ARE RECORDED ON AN ACCRUAL BASIS. X X X X X X X 1 KAREN EBER DAVIS CONSULTING 2707 GREENDALE DRIVE 101 SARASOTA FL 34232 GRANT WRITER 0 0 10905 -10905 BENTZ WHALEY FLESSNER 7251 OHMS LANE MINNEAPOLIS MN 55439 STRATEGIC FUNDRAISING CONSULTANT 0 0 78209 -78209 C-SQUARED ENTERPRISES LLC 7795 HOLIDAY DRIVE NORTH SARASOTA FL 34231 STRATEGIC FUNDRAISING CONSULTANT 0 0 6076 -6076 95190 -95190 FL AVANT GARDE 281102 191651 89451 14141 71426 1910 93447 ART TOUR 227735 227735 1786 133402 184894 1 145782 105395 40387 18062 20474 26 10589 654619 297046 357573 32203 93686 135338 288930 550157 -192584 1 AMERICAN JEWISH COMMITTEE 1605 MAIN STREET SUITE 612 SARASOTA FL 34236 135563393 501(C)(3) 11240 GENERAL SUPPORT PINC CONFERENCES LLC 1413 BLVD OF THE ARTS SARASOTA FL 34236 465617978 40875 LOCAL CONFERENCE SHOWCASING INNOVATIVE SPEAKERS 1 1 SCHOLARSHIPS & GRANTS 1310 15807053 CSSP & ART CENTER SCHOLARSHIPS 77 70025 STUDENT AWARDS 21 8422 PART I, LINE 2: DISBURSEMENTS TO STUDENTS RECEIVING FINANCIAL AID ARE MADE IN ACCORDANCE WITH INSTITUTIONAL PROCEDURES TO ENSURE THAT THOSE RECEIVING AID ARE QUALIFYING RECIPIENTS. FEDERAL FINANCIAL AID AND/OR ASSISTANCE FROM GOVERNMENTAL AGENCIES IS DISTRIBUTED AND MONITORED IN ACCORDANCE WITH FEDERALLY APPROVED NEED ANALYSIS CRITERIA OR OTHER AGENCY PROVIDED CRITERIA. X X X X X 0 1 X X X X 1 1 0 0 0 0 0 1 0 DR LARRY R THOMPSON PRESIDENT 303097 0 100000 0 124665 0 38500 0 30116 0 596378 0 0 0 DR TRACY A WAGNER VP FOR FINANCE & ADMINISTRATION 181523 0 0 0 51386 0 11343 0 19283 0 263535 0 0 0 CHRISTINE C DEGEORGE VP FOR HUMAN & ORGANIZATIONAL DEV. 186226 0 0 0 20349 0 9992 0 20112 0 236679 0 0 0 DR MAHMOUD PEGAH DIRECTOR OF INSTITUTIONAL TECHNOLOGY 182528 0 0 0 22746 0 10242 0 11776 0 227292 0 0 0 STACEY CORLEY VP FOR ADVANCEMENT 167303 0 0 0 18801 0 9597 0 22126 0 217827 0 0 0 DR TAMMY WALSH VP FOR STUDENT LIFE/DEAN OF STUDENTS 162392 0 0 0 7931 0 1641 0 17289 0 189253 0 0 0 CYNTHIA GRAVINO ASSOCIATE VP FOR COLLABORATIVE ENT. 71452 0 0 0 97875 0 3940 0 4266 0 177533 0 0 0 DAVID H JACKSON ASSOCIATE VP FOR ACADEMIC AFFAIRS 143363 0 0 0 19728 0 8147 0 10863 0 182101 0 0 0 PART I, LINE 1A DR. LARRY R. THOMPSON, PRESIDENT, RECEIVES A TAXABLE HOUSING ALLOWANCE AND GROSS-UP PAYMENT WHICH IS REPORTED AS REPORTABLE COMPENSATION ON FORM 990, PART VII, SECTION A, COLUMN D AND SCHEDULE J, PAGE 2, PART II, COLUMN B(III). THE COLLEGE PAYS COUNTRY CLUB AND SOCIAL CLUB DUES ON BEHALF OF DR. LARRY R. THOMPSON, PRESIDENT. PERSONAL USE IS NOT REIMBURSED, BUT THE PORTION OF THE PAYMENT FOR COUNTRY CLUB AND SOCIAL CLUB DUES THAT IS DEEMED TO BE FOR PERSONAL USE IS TAXABLE TO THE EMPLOYEE AND IS REPORTED AS REPORTABLE COMPENSATION ON FORM 990, PART VII, SECTION A, COLUMN D AND SCHEDULE J, PAGE 2, PART II, COLUMN B(III). THE COLLEGE PAID FOR TAXABLE PERSONAL LEGAL SERVICES AND PHYSICIAN SERVICES ON BEHALF OF DR. LARRY R. THOMPSON, PRESIDENT, WHICH ARE REPORTABLE COMPENSATION ON FORM 990, PART VII, SECTION A, COLUMN D AND SCHEDULE J, PAGE 2, PART II, COLUMN B (III). THE COLLEGE PAYS YACHT CLUB DUES ON BEHALF OF STACEY CORLEY, VICE PRESIDENT FOR ADVANCEMENT. PERSONAL USE IS NOT REIMBURSED, BUT THE PORTION OF THE PAYMENT FOR COUNTRY CLUB AND SOCIAL CLUB DUES THAT IS DEEMED TO BE FOR PERSONAL USE IS TAXABLE TO THE EMPLOYEE AND IS REPORTED AS REPORTABLE COMPENSATION ON FORM 990, PART VII, SECTION A, COLUMN D AND SCHEDULE J, PAGE 2, PART II, COLUMN B (III). THE COLLEGE ALSO PAYS FOR CERTAIN TRAVEL EXPENSES FOR DR. THOMPSON'S SPOUSE WHEN IT SERVES THE NEEDS OF THE COLLEGE TO HAVE HIS SPOUSE PRESENT FOR VARIOUS COLLEGE FUNCTIONS. THIS IS TREATED AS NONTAXABLE SINCE HER ATTENDANCE IS REQUIRED FOR CERTAIN DONOR EVENTS. THESE ITEMS GO THROUGH BOARD APPROVAL TO ENSURE THAT A BUSINESS PURPOSE EXISTS. PART I, LINE 1B THE BOARD OF TRUSTEES DETERMINED THAT THE COLLEGE WOULD PROVIDE THE HOUSING ALLOWANCE, GROSS-UP PAYMENT, SOCIAL CLUB DUES, LEGAL SERVICES, AND PHYSICIAN SERVICES FOR THE PRESIDENT (DESCRIBED ABOVE) AND THOSE BENEFITS ARE INCLUDED IN THE PRESIDENT'S APPOINTMENT LETTER FROM THE BOARD OF TRUSTEES. THE BOARD OF TRUSTEES EXECUTIVE COMMITTEE DETERMINED THAT THE PRESIDENT COULD AUTHORIZE THE COLLEGE TO PROVIDE FOR YACHT CLUB DUES FOR STACEY CORLEY, VICE PRESIDENT FOR ADVANCEMENT AND THOSE BENEFITS ARE INCLUDED IN HER LETTER OF APPOINTMENT. PART I, LINES 4A-B PART I, LINE 4A - PURSUANT TO AN EMPLOYMENT ARRANGEMENT AND A VOLUNTARY AGREEMENT BETWEEN THE PARTIES, CYNTHIA GRAVINO, ASSOCIATE VP FOR COLLABORATIVE ENTERPRISES, WAS PAID $90,440. PART I, LINE 4B - DR. LARRY R. THOMPSON, PRESIDENT, PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN DESCRIBED IN SECTION 457(F) OF THE IRS CODE WHICH VESTED ON MAY 31, 2011. ALL CONTRIBUTIONS TO THAT PLAN WERE FROZEN FOR PERIODS AFTER MAY 31, 2012. THE BOARD OF TRUSTEES ESTABLISHED A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN DESCRIBED IN SECTION 457(F) OF THE IRS CODE FOR DR. LARRY R. THOMPSON, PRESIDENT, EFFECTIVE JUNE 1, 2012 WITH AN INITIAL VESTING AND DISTRIBUTION DATE OF MAY 31, 2015 AND A SUBSEQUENT VESTING DATE OF MAY 31, 2018. THE COLLEGE MADE A $25,000 TAX DEFERRED CONTRIBUTION TO THE 2012 PLAN IN MARCH 2017 WHICH IS REPORTED AS OTHER COMPENSATION ON FORM 990, PART VII, SECTION A, COLUMN F AND SCHEDULE J, PAGE 2, PART II, COLUMN C. PART I, LINE 7 BASED ON THE PERFORMANCE OF THE INSTITUTION, THE BOARD OF TRUSTEES DETERMINED THAT DR. LARRY R. THOMPSON, PRESIDENT WOULD RECEIVE A BONUS OF $100,000. THE BOARD OF TRUSTEES DETERMINES ANNUALLY WHETHER A BONUS IS TO BE PAID AND THE AMOUNT. A HIGHER EDUCATION FACILITIES FINANCING AUTHORITY 900058227 34073TKB2 2017-11-01 99656259 CURRENTLY REFUND SERIES 2010; FUND 2017 PROJECT (LIBRARY, ETC.) 0 0 0 B HIGHER EDUCATION FACILITIES FINANCING AUTHORITY 900058227 000000000 2009-12-01 19400000 CURRENTLY REFUND SERIES 2004 ISSUE 0 0 0 C HIGHER EDUCATION FACILITIES FINANCING AUTHORITY 900058227 000000000 2014-06-04 17730000 CURRENTLY REFUND PART OF THE SERIES 2008 ISSUE 0 0 0 A 99904569 1189912 886215 10649594 43500000 43678848 1 0 0 1 B 5335000 19400000 19400000 2006 1 0 1 1 C 4435000 17730000 17730000 2009 1 0 1 1 A 0 0 1 1 0 0.01400 0.00000 0.01400 0 0 1 B 0 0 1 1 0 0.01900 0.00000 0.01900 0 0 1 C 0 0 1 1 0 0.04500 0.00000 0.04500 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 0 1 0 1 1 SUNTRUST BANK 10.000000000000 1 0 0 0 1 C 0 1 0 0 1 1 SUNTRUST BANK 10.000000000000 0 0 0 0 1 A 1 B 1 C 1 PART II, LINE 3, COLUMN A: NOTE THIS AMOUNT INCLUDES INVESTMENT EARNINGS. PART II, LINE 11, COLUMNS A & B & C PROCEEDS WERE SPENT TO CURRENTLY REFUND REFUNDED BONDS OR OTHER DEBT. X 5 399400 FMV/APPRAISAL X 70394 FMV/APPRAISAL X 6000 FMV X 11 3197806 FMV X COMPUTER EQUIPMENT 2 756630 FMV X EQUIPMENT 1 44444 FMV X ART SUPPLIES 4 2000 FMV 2 0 0 1 PART I, LINE 32B: THIRD PARTY AUCTION COMPANIES ARE HIRED TO LIQUIDATE ARTWORK DONATIONS. FORM 990, PART III, LINE 1 RINGLING COLLEGE OF ART AND DESIGN, INC'S PRIMARY MISSION IS TO PROVIDE PROGRAMS LEADING TO DEGREES THAT PREPARE STUDENTS TO BE DISCERNING VISUAL THINKERS AND ETHICAL PRACTITIONERS IN THEIR CHOSEN AREA OF ART AND DESIGN. RINGLING COLLEGE OF ART AND DESIGN STRIVES TO ENROLL BOTH FULL- AND PART-TIME STUDENTS FROM DIVERSE BACKGROUNDS WHO INTEND TO BECOME PROFESSIONALS IN THE VISUAL ARTS. THROUGH ITS POLICIES AND PRACTICES, THE COLLEGE SUPPORTS EXCELLENCE IN TEACHING AND FOSTERS THE AESTHETIC, INTELLECTUAL, PROFESSIONAL, PERSONAL, AND SOCIAL DEVELOPMENT OF ITS STUDENTS. ACADEMIC PROGRAMS AND ADVISING, CAREER SERVICES, AND AN EXTENSIVE CO-CURRICULAR STUDENT LIFE PROGRAM PREPARE STUDENTS FOR AN ART OR DESIGN PROFESSION, OR WHEN APPROPRIATE, FOR CONTINUED STUDIES ON THE GRADUATE LEVEL. IN ADDITION TO ITS DEGREE PROGRAM, RINGLING COLLEGE OFFERS COURSES, LECTURES, EXHIBITIONS AND OTHER ART-RELATED SERVICES TO THE LOCAL AND REGIONAL COMMUNITY THROUGH ITS GALLERY, LIBRARY, CONTINUING EDUCATION, AND COMMUNITY SERVICE PROGRAMS. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE REVIEWS THE DRAFT REPORT WITH THE INDEPENDENT AUDIT FIRM AND COLLEGE STAFF PRIOR TO THE PUBLIC DISCLOSURE COPY BEING PROVIDED TO THE BOARD OF TRUSTEES. THIS MAINTAINS THE DONORS' REQUESTS TO REMAIN ANONYMOUS. FORM 990, PART VI, SECTION B, LINE 12C IN THE EVENT OF A POTENTIAL CONFLICT, THE TRUSTEE IN QUESTION WILL RECUSE THEMSELVES FROM ANY DISCUSSION OR VOTE. THE COLLEGE ANNUALLY PROVIDES A CONFLICT OF INTEREST POLICY AND FORM TO ALL TRUSTEES AND KEY EMPLOYEES TO DISCLOSE ALL CONFLICTS OF INTEREST. THESE RESPONSES ARE REVIEWED TO DETERMINE IF THERE ARE ANY POTENTIAL ISSUES OR ITEMS FOR DISCLOSURE. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT IS EVALUATED ANNUALLY BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. THE COMPENSATION COMMITTEE, A SUB-COMMITTEE OF THE EXECUTIVE COMMITTEE, IS RESPONSIBLE FOR THE ANNUAL EVALUATION, COMPENSATION, PERSONNEL ACTIONS AND OTHER EMPLOYMENT ISSUES RELATED TO THE APPOINTMENT OF THE PRESIDENT. THE COMMITTEE CONDUCTS AN ANNUAL PERFORMANCE APPRAISAL, COLLECTS AND EVALUATES COMPARATIVE SALARY DATA FROM ASSOCIATION OF INDEPENDENT COLLEGES OF ART AND DESIGN (AICAD), 990 DATA, AND PROVIDES A RECOMMENDATION FOR THE PRESIDENT'S ANNUAL COMPENSATION TO THE EXECUTIVE COMMITTEE. THE PROCESS REQUIRES THE MEMBERS OF THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES TO COMPLETE PERFORMANCE ASSESSMENT FORMS. THE COMPENSATION COMMITTEE REVIEWS THE ASSESSMENT AND PREPARES A RECOMMENDATION FOR THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE REVIEWS THE DELIBERATIONS WITH THE BOARD OF TRUSTEES. THE PRESIDENT EVALUATES AND DETERMINES THE COMPENSATION OF EACH SENIOR OFFICER USING AICAD DATA AND THE RESULTS OF THE PERFORMANCE REVIEW. THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION, THE VICE PRESIDENT FOR ACADEMIC AFFAIRS, THE VICE PRESIDENT FOR HUMAN AND ORGANIZATIONAL DEVELOPMENT, THE VICE PRESIDENT FOR ADVANCEMENT, AND THE VICE PRESIDENT FOR STUDENT LIFE ARE SENIOR OFFICERS. THE COLLEGE EVALUATES THE EFFECTIVENESS OF STAFF THROUGH THE PERFORMANCE EVALUATION PROCESS. EACH SENIOR OFFICER COMPLETES AN ANNUAL REPORT FOR THE PRESIDENT'S REVIEW. THE PRESIDENT REVIEWS THE COMPARATIVE DATA FOR EACH OF THE SENIOR OFFICERS WITH THE COMPENSATION COMMITTEE. DOCUMENTATION INCLUDES NOTES TAKEN AT THE COMPENSATION COMMITTEE MEETINGS OF DATA REVIEW AND DELIBERATIONS. ANNUAL ASSESSMENT DOCUMENTS FOR THE PRESIDENT ARE ALSO MAINTAINED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACTED FOOD SERVICE: PROGRAM SERVICE EXPENSES 2,715,186. MANAGEMENT AND GENERAL EXPENSES 4,783. FUNDRAISING EXPENSES 315,414. TOTAL EXPENSES 3,035,383. OTHER CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 1,242,961. MANAGEMENT AND GENERAL EXPENSES 118,257. FUNDRAISING EXPENSES 86,475. TOTAL EXPENSES 1,447,693. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 1,004,894. MANAGEMENT AND GENERAL EXPENSES 121,326. FUNDRAISING EXPENSES 17,536. TOTAL EXPENSES 1,143,756. CONTRACTED MEDICAL SERVICES FOR STUDENTS: PROGRAM SERVICE EXPENSES 658,002. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 658,002. CONTRACTED MAINTENANCE SERVICES: PROGRAM SERVICE EXPENSES 3,083,150. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,083,150. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 112,623. CHANGE IN VALUE OF GIFTED ARTWORK -6,474.