2017-05-10T09:54:53-05:00 2016-06-30 ERNST & YOUNG US LLP 201 N FRANKLIN STSUITE 2400 TAMPA FL 33602 990 2015-07-01 590859121 Eckerd College % CHRISTOPHER P BRENNAN ECKE 7278671166 4200 54th Avenue South St Petersburg FL 33711 CHRISTOPHER P BRENNAN TREAS. & VP FINANCE 7278648122 2017-05-05 true MELANIE MCPEAK P01346034 8132254800 2017-05-09 2015 2021-01-29 14:40:06Z Donald R Eastman 4200 54th Avenue South St Petersburg FL 33711 107347402 false X WWW.ECKERD.EDU X 1962 FL TO PROVIDE AN UNDERGRADUATE, LIBERAL ARTS EDUCATION AND LIFELONG PROGR EDUCATION AND LIFELONG PROGRAMS WITHIN THE CONTEXT OF A STRONG RELATIONSHIP WITH THE PRESBYTERIAN CHURCH. 26 25 1513 225 706262 -99892 11560020 7961278 93869590 96447714 2334766 2643320 242122 204716 108006498 107257028 31376475 33126592 0 0 36579651 37479114 24864 14967 1734007 34364802 34159147 102345792 104779820 5660706 2477208 195803718 210521863 39554087 60997841 156249631 149524022 X THE MISSION OF ECKERD COLLEGE IS TO PROVIDE EXCELLENT INNOVATIVE UNDERGRADUATE LIBERAL ARTS EDUCATION AND LIFELONG LEARNING PROGRAMS IN THE UNIQUE FLORIDA ENVIRONMENT, WITHIN THE CONTEXT OF A COVENANT RELATIONSHIP WITH THE PRESBYTERIAN CHURCH (U.S.A.). false false 61159975 33093253 79350221 INSTRUCTION AND SCHOLARSHIPS TO/FOR STUDENTS - INCLUDES TRADITIONAL STUDENTS AS WELL AS RETURNING ADULT STUDENTS OVER THE AGE OF 23. RESIDENTIAL STUDENTS COME FROM 46 STATES AND 41 COUNTRIES. STUDENTS CAN CHOOSE FROM 39 MAJORS IN THE RESIDENTIAL PROGRAM OR DESIGN THEIR OWN INTERDISCIPLINARY CONCENTRATIONS. ALL PROGRAMS LEAD TO A BACHELOR OF ARTS OR BACHELOR OF SCIENCE DEGREE. ATTENDING ECKERD COLLEGE DURING THE 2015/16 ACADEMIC YEAR WERE 2,047 FULL-TIME AND PART-TIME DEGREE-SEEKING STUDENTS. FOR INFORMATION ABOUT MAJORS AND MINORS VISIT WWW.ECKERD.EDU/ACADEMICS/ OR WWW.ECKERD.EDU/ADMISSIONS/ FOR SCHOLARSHIP INFORMATION. 14145725 STUDENT SERVICES - PROVIDE SERVICES TO STUDENTS APART FROM INSTRUCTION SUCH AS ADMISSIONS, FINANCIAL AID, STUDENT ACTIVITIES, ATHLETICS AND MORE. APPROXIMATELY 96% OF ECKERD COLLEGE BEGINNING UNDERGRADUATE STUDENTS RECEIVE FINANCIAL ASSISTANCE AS A RESULT OF THE EFFORTS OF THE FINANCIAL AID OFFICE. THE COLLEGE'S STUDENTS HAVE ACCESS TO MANY SERVICES INCLUDING THE FITNESS CENTER, THE OUTDOOR POOL, MEN'S AND WOMEN'S SPORTS, STUDENT GOVERNMENT, STUDENT MEDIA (RADIO, TV AND NEWSPAPER) AND REGISTERED STUDENT CLUBS AND ORGANIZATIONS. MORE INFORMATION IS AVAILABLE ABOUT ECKERD COLLEGE ATHLETICS AND CLUBS AT WWW.ECKERDTRITONS.COM AND WWW.ECKERD.EDU/CAMPUS-LIFE/. 11140082 16422295 AUXILIARY SERVICES - HOUSING, FOOD SERVICE AND OTHERS. WITH 87% OF STUDENTS LIVING IN THE RESIDENCE HALLS, ECKERD COLLEGE OFFERS RESIDENCE HALLS THAT RANGE FROM TRADITIONAL ROOMS WITH A SHARED COMMON AREA TO APARTMENT STYLE SUITES. FOOD SERVICES ARE PROVIDED BY A THIRD PARTY MANAGEMENT COMPANY THAT OPERATES SEVERAL LOCATIONS ACROSS ECKERD'S MAIN CAMPUS. MORE INFORMATION IS AVAILABLE AT WWW.ECKERD.EDU/. 4061045 33339 3472097 90506827 true true false true false false false false false true true true false false true true true true true true true false false false true false false true true true true false false false false false true true false false false true false false false true true true false false false true 2955 0 true 1513 true true true true UK false false false true true true 6 false false true false X 26 25 false false false false false false false true true false false true true true true true true true true false DC FL IN MD MA MI NH X CHRISTOPHER P BRENNAN 7278648122 4200 54TH AVE SOUTH ST PETERSBURG FL 33711 X NORMAN A BARKER TRUSTEE 1.0 0.0 X 0 0 0 RONICE BARLOW TRUSTEE 1.0 0.0 X 0 0 0 LOUIE P BUNTIN TRUSTEE 1.0 0.0 X 0 0 0 MILES C COLLIER TRUSTEE 1.0 0.0 X 0 0 0 RAUL DE QUESADA TRUSTEE 1.0 0.0 X 0 0 0 KAREN BROWN DUNLAP TRUSTEE 1.0 0.0 X 0 0 0 HOWARD KENNEDY TRUSTEE 1.0 0.0 X 0 0 0 S MATT KILGROE TRUSTEE 1.0 0.0 X 0 0 0 HELMAR E NIELSEN TRUSTEE 1.0 0.0 X 0 0 0 GEORGE W OFF TRUSTEE 1.0 0.0 X 0 0 0 JOHN B PHELPS III TRUSTEE 1.0 0.0 X 0 0 0 FRED S RAZOOK JR TRUSTEE 1.0 0.0 X 0 0 0 WILLIAM R RIPBERGER TRUSTEE 1.0 0.0 X 0 0 0 PN RISSER III TRUSTEE 1.0 0.0 X 0 0 0 JOHN R SAUNDERS TRUSTEE 1.0 0.0 X 0 0 0 SUSAN A SLAUGENHAUPT TRUSTEE 1.0 0.0 X 0 0 0 ROBIN SUAREZ TRUSTEE 1.0 0.0 X 0 0 0 KATHLEEN H TROTT TRUSTEE 1.0 0.0 X 0 0 0 THE HON SUSAN RUSS WALKER TRUSTEE 1.0 0.0 X 0 0 0 DR DAVID L WARREN TRUSTEE 1.0 0.0 X 0 0 0 JEAN GILES WITTNER TRUSTEE 1.0 0.0 X 0 0 0 QUINTON Y ZONDERVAN TRUSTEE 1.0 0.0 X 0 0 0 DONALD R EASTMAN III PRESIDENT 50.0 0.0 X X 544281 0 46721 JOHN G FINNERAN JR CHAIRMAN 1.0 0.0 X X 0 0 0 PAYTON F ADAMS TRUSTEE 1.0 0.0 X 0 0 0 IAN P JOHNSON VICE CHAIRMAN 1.0 0.0 X X 0 0 0 CHRISTOPHER P BRENNAN TREASURER/VP BUSINESS & FINANC 50.0 0.0 X 156162 0 33126 LISA A METS VP AND SECRETARY OF COLLEGE 50.0 0.0 X 136245 0 31126 MARTHA S HARRISON VP OF ACADEMICS 50.0 0.0 X 176030 0 35172 MATTHEW S BISSET VP OF ADVANCEMENT 50.0 0.0 X 175540 0 34933 JOHN F SULLIVAN DEAN OF ADMISSIONS 50.0 0.0 X 153797 0 24443 JAMES J ANNARELLI VP & DEAN OF STUDENT LIFE 50.0 0.0 X 152349 0 33134 KATHRYN J WATSON SPECIAL ASST. TO THE PRESIDENT 50.0 0.0 X 134087 0 31116 EDWARD T GRASSO PROFESSOR OF DECISION SCIENCES 50.0 0.0 X 125257 0 29991 GREGG R BROOKS PROFESSOR MARINE SCIENCE & GEO 50.0 0.0 X 121334 0 33334 1875082 0 333096 37 false true false BILTMORE CONSTRUCTION COMPANY 1055 PONCE DE LEON BLVD BELLEAIR FL 33756 CONSTRUCTION MGMT 694733 DTZ SERVICES A UGL COMPANY 2000 W COMMERCIAL BLVD SUITE 119 FORT LAUDERDALE FL 33309 FACILITIES MGMT 2380739 CW FACILITY SERVICES INC 275 GROVE ST SUITE 3-200 AUBURNDALE MA 024662239 FACILITIES MGMT 1684700 AYERS SAINT GROSS INCORPORATED 1040 HULL ST STE 100 BALTIMORE MD 21230 ARCHITECTURAL FIRM 1021257 TOM KEESLING TRAVEL 4380 S SYRACUSE ST SUITE 320 DENVER CO 802372607 TRAVEL AGENCY 445717 17 24695 939334 6997249 476936 7961278 TUITION AND FEES 611600 74034460 74034460 0 0 AUXILIARY SERVICES 611710 16422295 16422295 0 0 CONTINUING EDUCATION 611600 5990959 5285020 705939 0 96447714 2640586 2640263 323 0 0 63864 63864 0 63864 63864 62805 60071 2734 2734 2734 72837 24695 30303 42534 42534 5546 5546 5546 0 INSURANCE RECOVERY 900099 30000 30000 0 0 MAILROOM REVENUE 491110 21399 21399 0 0 PURCHASING CARD REBATE 900099 21386 21386 0 0 19987 19987 0 0 92772 107257028 98538674 706262 50814 33339 33339 33093253 33093253 0 0 0 0 1318695 0 1106705 211990 0 0 0 0 26874041 22105946 3873247 894848 1933890 1643763 222822 67305 5655360 4208357 1285333 161670 1697128 1453470 186392 57266 0 0 0 0 233701 9457 224244 0 288400 0 288400 0 69 0 69 0 14967 14967 87026 0 87026 0 1303967 872452 415041 16474 317520 306561 7326 3633 2400572 1531227 806569 62776 1043064 227324 815740 0 107485 107485 0 0 3693434 2664833 1011909 16692 2848904 2686139 95454 67311 0 0 0 0 468671 395049 57489 16133 1405257 1405257 0 0 0 0 0 0 5987156 5502196 484960 0 528744 25916 502828 0 FOOD SERVICES 4640350 4505402 100403 34545 DONOR RELATIONS 2998 0 2998 0 BUILDING & GROUNDS SERVIC 1355568 1203705 151863 0 PROGRAM SERVICES SUPPLIES 7444651 6525696 810558 108397 1610 1610 104779820 90506827 12538986 1734007 0 26636278 18240915 8610685 30681906 3316137 3986179 1864580 1947301 37572 14473 0 0 1181763 924874 0 0 3937514 1225394 199683976 94603015 97113062 105080961 35104416 32305955 17461389 15591371 0 0 0 0 540322 522534 195803718 210521863 6453541 6366726 0 0 3614562 3076725 25685519 48394629 0 0 0 0 3096837 2643207 0 0 703628 516554 39554087 60997841 X 106420002 100592093 14914788 13499882 34914841 35432047 156249631 149524022 195803718 210521863 X 2477208 -5186515 0 0 0 -4016302 X X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false 0 false 0 false 0 false 0 false 0 false 0 true 69 69 false DIRECT CONTACT FORM 990, SCHEDULE C, PART II-B, LINE 1G ECKERD COLLEGE INDIRECTLY HAD LOBBYING EXPENSES THROUGH ITS ST. PETERSBURG CHAMBER OF COMMERCE MEMBERSHIP. 3% OF THE ANNUAL DUES ARE ALLOCATED TOWARDS LOBBYING. 55738899 856853 -2650673 2663025 51282054 54489078 2991650 783771 2525600 55738899 49093600 725601 6985844 2315967 54489078 45268125 946829 5020232 2141586 49093600 47474771 813035 -1073057 1946624 45268125 0.30800 0.65830 0.03370 false false 0 3349312 3349312 0 118443663 38631322 79812341 0 64121 64121 0 0 50318962 46763604 3555358 0 27507918 9143968 18363950 105080961 ARCHIPELAGO/WELLINGTON MGMT CO 1940638 F ARCHSTONE OFFSHORE FUND LTD 2907617 F COLCHESTER GLOBAL BOND A1 FUND 852908 F DAVIDSON KEMPNER LONG TERM DIS 213608 F GREENSPRING 90000 F LANDMARK EQUITY PARTNERS XV LP 394910 F METROPOLITAN REAL ESTATE PARTN 574332 F NYES LEDGE CAPITAL OFFSHORE FU 3820533 F OCH-ZIFF PARALLEL REAL ESTATE 287673 F SANDERSON INTERNATIONAL VALUE 2733317 F TIFF REALTY AND RESOURCES 2008 208135 F VIA ENERGY II, LP 309345 F WELLINGTON TRUST 1258355 F 15591371 0 POST RETIREMENT BENEFITS & DEFERRAL 516554 516554 X 64904235 -5186515 -3985999 -9172514 74076749 87026 33093253 33180279 107257028 71629844 30303 30303 71599541 87026 33093253 33180279 104779820 Intended use of endowment funds FORM 990, SCHEDULE D, PART V, LINE 4 THE INTENDED USES OF THE ENDOWMENT FUNDS ARE FOR SCHOLARSHIPS, FACULTY, PROGRAM SUPPORT, EQUIPMENT PURCHASES AND MAINTENANCE. FIN 48(ASC740) Footnote FORM 990, SCHEDULE D, PART X, LINE 2 THE COLLEGE FOLLOWS THE GUIDANCE PROMULGATED BY ACCOUNTING STANDARDS CODIFICATION TOPIC 740, INCOME TAXES (ASC 740). ASC 740 PRESCRIBES A 'MORE LIKELY THAN NOT' MINIMUM RECOGNITION THRESHOLD THAT A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THERE WERE NO UNCERTAIN TAX POSITIONS RECORDED IN THE CONSOLIDATED FINANCIAL STATEMENTS FOR FISCAL YEARS 2016 AND 2015. COLLEGE FUNDED SCHOLARSHIPS FORM 990, SCHEDULE D, PARTS XI AND PART XII COLLEGE FUNDED SCHOLARSHIPS ARE PRESENTED AS A CONTRA-REVENUE FOR FINANCIAL STATEMENT PURPOSES. FORM 990, SCHEDULE D, PART XI, LINE 2D FUNDRAISING EXPENSES 30,303 CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT (223,046) PENSION-RELATED CHANGES OTHER THAN NET PERIODIC PENSION COST (128,555) LOSS ON EXTINGUISHMENT OF DEBT (3,664,701) --------- TOTAL (3,985,999) FORM 990, SCHEDULE D, PART XI, LINE 4B SCHOLARSHIPS RECLASSED TO EXPENSES ON RETURN 33,093,253 FORM 990, SCHEDULE D, PART XII, LINE 2D FUNDRAISING EXPENSES 30,303 FORM 990, SCHEDULE D, PART XII, LINE 4B SCHOLARSHIPS RECLASSED TO EXPENSES ON RETURN 33,093,253 true true true true true true true false false false false false false false false true false true Racially Nondiscriminatory Policy FORM 990, SCHEDULE E, PART I, LINE 3 THE NONDISCRIMINATORY POLICY IS PUBLISHED IN A LOCAL NEWSPAPER. Financial aid or assistance from a government agency FORM 990, SCHEDULE E, PART I, LINE 6A THE COLLEGE PRIMARILY RECEIVES ASSISTANCE FROM GOVERNMENTAL AGENCIES FOR STUDENT FINANCIAL AID. Central America and the Caribbean 3 Program services Instructional 384823 Central America and the Caribbean Investments, program-relate 6728149 East Asia and the Pacific 1 Program services Instructional 393147 East Asia and the Pacific Grantmaking 13500 Europe (Including Iceland and Greenland) 1 3 Program services Instructional 1145367 Europe (Including Iceland and Greenland) Investments, program-relate 1940638 South America 3 Program services Instructional 105962 1 10 1 10 10711586 10711586 true false false true true false LONDON RESIDENTIAL UNIT ECKERD COLLEGE MAINTAINS A RESIDENTIAL UNIT IN LONDON TO HOUSE STUDENTS WHILE ATTENDING COLLEGE COURSES OFFERED BY THE COLLEGE. DURING FY16, THE COLLEGE HOUSED 51 STUDENTS AT THIS LOCATION DURING THE FALL, WINTER AND SPRING SEMESTERS. ADDITIONALLY, ECKERD COLLEGE PROVIDES MULTIPLE OPPORTUNITIES FOR ITS STUDENTS TO COMPLETE SOME INSTRUCTION IN AN INTERNATIONAL ENVIRONMENT. Witzleben Associates Consulting false ATHLETIC AUCTIO 68379 10395 57984 1403 1500 8378 FISHING TOURNAM 15638 8000 7638 704 5850 157 1204 2 13515 6300 7215 4144 3649 2729 585 97532 24695 72837 4848 9499 4289 1500 10167 30303 42534 true SUNCOASTERS OF ST PETERSBURG FOUNDATION INC 100 2ND AVE N ST PETERSBURG FL 33701 592318048 501(c)(3) 5480 0 GENERAL SUPPORT UNITED WAY SUNCOAST 5201 W KENNEDY BOULEVARD SUITE 600 TAMPA FL 336091820 593725701 501(c)(3) 10000 GENERAL SUPPORT 2 0 SCHOLARSHIPS 265 219300 ECKERD COLLEGE GRANTS 901 21613445 HONORS SCHOLARSHIPS 168 251950 PRESIDENTIAL SCHOLARSHIPS 417 6436697 SPECIAL TALENT 110 2111083 INSTITUTIONAL GRANTS 474 2309536 SEOG GRANTS 211 151512 PROCEDURES FOR MONITORING THE USE OF GRANTS: FORM 990, SCHEDULE I, PART I, LINE 2 THE COLLEGE HAS DESIGNED AND IMPLEMENTED INTERNAL CONTROLS THAT INCLUDE FINANCIAL REPORTING AS WELL AS INTERNAL CONTROL OVER COMPLIANCE WITH REGULATIONS AND GRANT AGREEMENTS. INCLUDED IN THE INTERNAL CONTROL STRUCTURE IS A COMPREHENSIVE GRANTS AND CONTRACTS POLICY THAT PROVIDES THE ECKERD COLLEGE COMMUNITY GUIDELINES FOR GRANTS RECORDKEEPING, REPORTING AND MANAGEMENT. THE FINANCIAL AID AND BUSINESS OFFICES HAVE PRIMARY ROLES IN THE MONITORING OF GRANT FUNDS WHICH INCLUDES PROCEDURES FOR FINANCIAL REPORTING, FUNDS REQUESTS, INVOICING, REIMBURSEMENTS, PROGRAM ACTIVITY OVERSIGHT, PURCHASES, CLOSE OUT AND POST AWARD COMPLIANCE. THE BUSINESS OFFICE COMMUNICATES DIRECTLY AND FREQUENTLY WITH FACULTY AND STAFF MEMBERS TO ENSURE COMPLIANCE WITH ALL COLLEGE POLICIES. THE COLLEGE IS ALSO SUBJECT TO EXTERNAL AUDITS WHICH ARE PERFORMED AT LEAST ANNUALLY. X X X X X true true X X X X X false false false false false false false false false DONALD R EASTMAN III PRESIDENT 446352 0 0 0 97929 0 26000 0 20721 0 591002 0 0 0 MARTHA S HARRISON VP OF ACADEMICS 176030 0 0 0 0 0 18000 0 17172 0 211202 0 0 0 MATTHEW S BISSET VP OF ADVANCEMENT 170000 0 0 0 5540 0 17000 0 17933 0 210473 0 0 0 CHRISTOPHER P BRENNAN TREASURER/VP BUSINESS & FINANC 156162 0 0 0 0 0 16000 0 17126 0 189288 0 0 0 JOHN F SULLIVAN DEAN OF ADMISSIONS 153000 0 0 0 797 0 15300 0 9143 0 178240 0 0 0 JAMES J ANNARELLI VP & DEAN OF STUDENT LIFE 152349 0 0 0 0 0 15300 0 17834 0 185483 0 0 0 LISA A METS VP AND SECRETARY OF COLLEGE 136245 0 0 0 0 0 14000 0 17126 0 167371 0 0 0 KATHRYN J WATSON SPECIAL ASST. TO THE PRESIDENT 122400 0 0 0 11687 0 12240 0 18876 0 165203 0 0 0 EDWARD T GRASSO PROFESSOR OF DECISION SCIENCES 125257 0 0 0 0 0 12766 0 17225 0 155248 0 0 0 GREGG R BROOKS PROFESSOR MARINE SCIENCE & GEO 107863 0 0 0 13471 0 10796 0 22538 0 154668 0 0 0 SUPPLEMENTAL COMPENSATION INFORMATION FORM 990, SCHEDULE J, PART I, LINE 1A THE COLLEGE PRESIDENT IS ALLOWED SOME FIRST CLASS TRAVEL FOR BUSINESS, BASED ON THE DURATION AND DESTINATION OF TRAVEL, WHICH IS SPECIFIED AS A BENEFIT WITHIN HIS EMPLOYMENT CONTRACT. SPOUSAL TRAVEL IS ALSO SPECIFIED IN THE PRESIDENT'S EMPLOYMENT CONTRACT WHICH ALLOWS FOR ONLY SUBSTANTIATED COLLEGE BUSINESS TO BE PAID BY THE COLLEGE. HOUSING, INCLUDING UTILITIES, IS ALSO PROVIDED TO THE PRESIDENT. AS A CONDITION OF HIS EMPLOYMENT, THE PRESIDENT IS REQUIRED TO LIVE WITHIN CLOSE PROXIMITY TO THE COLLEGE CAMPUS AND, AS SUCH, HOUSING IS CONSIDERED A WORKING CONDITION FRINGE. PERSONAL SERVICES IN THE FORM OF HOUSEKEEPING ARE PROVIDED WHEN COLLEGE EVENTS ARE HELD AT THE RESIDENCE. SOCIAL CLUB DUES WERE ALLOCATED BETWEEN PERSONAL AND BUSINESS USE FOR THE PRESIDENT, AS APPLICABLE. PROCESSES USED TO ESTABLISH THE COMPENSATION OF THE COLLEGE PRESIDENT FORM 990, SCHEDULE J, PART I, LINE 3 THE EXECUTIVE ASSESSMENT AND COMPENSATION COMMITTEE (EACC) OF THE COLLEGE'S BOARD OF TRUSTEES ANNUALLY REVIEWS THE PRESIDENT'S PERFORMANCE AND COMPENSATION. CHANGES TO THE PRESIDENT'S COMPENSATION ARE DETERMINED BY THE EACC AND REPORTED TO THE BOARD OF TRUSTEES. IN DETERMINING THE PRESIDENT'S COMPENSATION, THE COMMITTEE RETAINED THE SERVICES OF AN INDEPENDENT COMPENSATION CONSULTANT TO PREPARE A COMPENSATION STUDY OF COMPARABLE HIGHER EDUCATION INSTITUTIONS. THE STUDY CONDUCTED IN FISCAL YEAR 2016 INCLUDED YEARS 2015 AND 2016. THERE IS A WRITTEN EMPLOYMENT CONTRACT BETWEEN THE COLLEGE AND THE PRESIDENT. A Pinellas County Educational Facilities Authority 596000800 999999999 2015-11-30 48703000 CAPI IMPROVEMENTS & DEFEASE BONDS false false false A 0 0 48703000 0 0 23044557 321146 0 0 0 0 25337297 false true false true A false false true true false 0 0.00772 0.00772 false false false true A false true false false false false 0 false 0 false false A true FORM 990, SCHEDULE K, PART I, COLUMN (F) DESCRIPTION OF PURPOSE OF 2015 BOND ISSUE THE PROCEEDS OF THE BOND ISSUE HAVE BEEN AND WILL BE USED FOR CAPITAL IMPROVEMENTS AND TO DEFEASE THE 2006, 1989, 1991, AND 1993 BONDS. LEZCANO MARGARITA RETIRED FACULTY DEF'S COMP ADV 457F X 63906 14473 false true true 14473 SEE PART V SEE PART V 33000 SCHOLARSHIP EDUCATION FORM 990, SCHEDULE L, PART II LOANS TO INTERESTED PERSONS FROM THE COLLEGE ARE TAX ADVANCES RELATED TO RETIRED FACULTY MEMBERS WHO PARTICIPATED IN A 457 (F) NON QUALIFIED DEFERRED COMPENSATION PLAN. THE DEFERRED COMPENSATION PLAN WAS CURTAILED IN FISCAL YEAR 2008-09. ACCORDINGLY NO NEW LOANS WILL BE ADVANCED, AND THE OUTSTANDING LOANS IDENTIFIED ARE BEING REPAID TO THE COLLEGE ON A MONTHLY BASIS FROM DEFERRED COMPENSATION PAYMENTS. FORM 990, SCHEDULE L, PART III Two relatives of board members received scholarships which were awarded on a non-discriminatory basis. X 3 3 FMV X 4 FMV X 5 1850 SALE COMP PROPERTY X 40 474983 COST/SELLING PRICE X 11 11 FMV X PROMOTIONAL ITEMS 7 7 FMV X MARINE EQUIPMENT 78 78 FMV 0 false true false NUMBER OF CONTRIBUTIONS OR ITEMS CONTRIBUTED FORM 990, SCHEDULE M, PART I, COLUMN B THE NUMBER OF CONTRIBUTIONS RECEIVED IS MEASURED AS THE NUMBER OF CONTRIBUTIONS, NOT THE NUMBER OF ITEMS CONTRIBUTED. Description of Other Program Services FORM 990, PART III, LINE 4D OTHER PROGRAM SERVICES EXPENSE INCLUDES ACADEMIC SUPPORT SERVICES AND RESEARCH. Process used to review the Form 990 FORM 990, PART VI, QUESTION 11B THE AUDIT COMMITTEE OF THE ECKERD COLLEGE BOARD OF TRUSTEES IS CHARGED WITH REVIEWING AND APPROVING THE FORM 990 PRIOR TO ITS DISSEMINATION TO THE FULL BOARD AND PRIOR TO FILING. THE FORM 990 IS PREPARED BY THE COLLEGE'S BUSINESS OFFICE WITH ASSISTANCE FROM THE INDEPENDENT TAX SERVICE PROVIDER. THE FORM, ALONG WITH SUPPORTING SCHEDULES AND STATEMENTS IS REVIEWED AND APPROVED BY THE VICE PRESIDENT OF BUSINESS AND FINANCE. THE INDEPENDENT TAX PROVIDER THAT PREPARES THE FORM 990 ALSO PRESENTS THE FORM 990 TO THE AUDIT COMMITTEE AND PROVIDES AN OPPORTUNITY FOR THE COMMITTEE TO ASK QUESTIONS AND PROVIDES FEEDBACK ON THE CONTENTS OF THE FORM 990. Monitoring and enforcement of compliance with conflict of interest policy FORM 990, PART VI, LINE 12C ECKERD COLLEGE HAS INCLUDED ITS CONFLICT OF INTEREST POLICY IN ITS BY-LAWS TO ENSURE ALL MEMBERS OF THE ECKERD COLLEGE COMMUNITY ARE AWARE OF THE POLICY. THE AUDIT COMMITTEE IS CHARGED WITH MONITORING ADHERENCE TO THE COLLEGE'S CONFLICT OF INTEREST POLICY AND REPORTS ITS DETERMINATIONS TO THE EXECUTIVE COMMITTEE. THE MEMBERS OF THE BOARD OF TRUSTEES ANNUALLY PROVIDE A WRITTEN DISCLOSURE OF POTENTIAL CONFLICT (IF ANY). IF AT ANY TIME, A TRUSTEE BELIEVES THAT HE OR SHE MAY HAVE A CONFLICT OF INTEREST, THE TRUSTEE SHALL PROMPTLY AND FULLY DISCLOSE THE CONFLICT TO THE PRESIDENT OR THE CHAIR OF THE COMMITTEE ON TRUSTEESHIP. THE MINUTES OF THE MEETING OF THE BOARD WHERE THE DISCLOSURE OF CONFLICT OR POSSIBLE CONFLICT OF INTEREST IS MADE WILL REFLECT THE DISCLOSURE AND THE TRUSTEE OR OFFICER ABSTAINING FROM THE CONSIDERATION OR VOTE ON THE MATTER. Process for determining compensation FORM 990, PART VI, LINE 15A & 15B THE BOARD OF TRUSTEES OF ECKERD COLLEGE HOLDS THE AUTHORITY TO APPOINT THE PRESIDENT OF THE COLLEGE. THE BOARD IS RESPONSIBLE FOR SETTING THE APPROPRIATE TERMS OF EMPLOYMENT, INCLUDING COMPENSATION FOR THE PRESIDENT. THE EXECUTIVE ASSESSMENT AND COMPENSATION COMMITTEE (EACC) OF THE COLLEGE'S BOARD OF TRUSTEES ANNUALLY REVIEWS THE PRESIDENT'S PERFORMANCE AND COMPENSATION. CHANGES TO THE PRESIDENT'S COMPENSATION ARE DETERMINED BY THE EACC AND REPORTED TO THE BOARD OF TRUSTEES. IN DETERMINING THE PRESIDENT'S COMPENSATION THE COMMITTEE RETAINS AN INDEPENDENT COMPENSATION CONSULTANT TO PREPARE A COMPENSATION STUDY OF COMPARATIVE HIGHER EDUCATION INSTITUTIONS. THERE IS A WRITTEN EMPLOYMENT CONTRACT BETWEEN THE COLLEGE AND THE PRESIDENT. THE BOARD ALSO APPROVES THE APPOINTMENT OF THE VICE PRESIDENTS, SECRETARY, TREASURER, DEANS AND SUCH OTHER COLLEGE OFFICERS WHO, AFTER RECOMMENDATION OF THE PRESIDENT ARE DEEMED NECESSARY FOR THE PROPER MANAGEMENT OF THE COLLEGE. THE EACC ANNUALLY REVIEWS AND APPROVES THE COMPENSATION OF ALL OFFICERS AND KEY EMPLOYEES BASED ON PERFORMANCE AND COMPARABILITY DATA, AND THE RECOMMENDATION OF THE PRESIDENT. ALL MATTERS DISCUSSED WITHIN A MEETING OF THE BOARD OF TRUSTEES OR ITS COMMITTEES ARE DOCUMENTED WITHIN THE MINUTES. Process for making documents available to the public FORM 990, PART VI, LINE 19 ECKERD COLLEGE MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST AND THROUGH ITS WEBSITE HTTP:WWW.ECKERD.EDU. Required audit FORM 990, PART XII, LINE 2B AND PART IV, LINE 12A & 12B THE COLLEGE'S AUDITED FINANCIAL STATEMENTS ARE CONSOLIDATED WITH ECKERD COLLEGE REAL ESTATE, LLC (ECRE). ECRE IS A LIMITED LIABILITY COMPANY WITH ECKERD COLLEGE AS ITS SOLE MEMBER. THEREFORE, FOR TAX PURPOSES, ECRE IS A DISREGARDED ENTITY AND THERE IS NO DIFFERENCE BETWEEN AMOUNTS REPORTED WITHIN THE FORM 990 AND THE AUDITED FINANCIAL STATEMENTS, WITH THE EXCEPTION OF RECLASSIFICATIONS AND UNRELATED BUSINESS INCOME AS REPORTED IN SCHEDULE D, PARTS XI - XIII. OTHER CHANGES IN NET ASSETS FORM 990, PART XI, LINE 9 CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT (223,046) PENSION-RELATED CHANGES OTHER THAN (128,555) NET PERIODIC PENSION COST LOSS ON EXTINGUISHMENT OF DEBT (3,664,701) ----------- TOTAL (4,016,302) ECKERD COLLEGE REAL ESTATE LLC 4200 54TH AVENUE SOUTH ST PETERSBURG FL 33711 272423823 R/E HOLDING FL -295380 1040387 ECKERD COLLE ECP2 INC 4200 54TH AVENUE SOUTH ST PETERSBURG FL 33711 591096272 R/E HOLDING FL ECKERD COLLEGE C Corp 0 0 1.00000 true false false false false false false false false false false false false false false false false false false false