2017-05-12T17:27:12-05:00 2016-06-30 450250958 EIDE BAILLY LLC 5441 KIETZKE LANE SUITE 150 RENO NV 89511 990 2015-07-01 880121831 SIERRA NEVADA COLLEGE SIER 7758817426 999 TAHOE BLVD INCLINE VILLAGE NV 89451 ALAN WALKER PRESIDENT 7758817426 2017-05-10 1 KIRK GARDNER CPA P00225248 7756899100 2017-05-09 2015 2021-01-29 14:40:06Z ALAN WALKER 999 TAHOE BLVD INCLINE VILLAGE NV 89451 25756100 0 X WWW.SIERRANEVADA.EDU X 1969 NV TO COMBINE THE LIBERAL ARTS AND PROFESSIONAL PREPAREDNESS THROUGH AN INDERDISCIPLINARY CURRICULUM. 22 22 515 22 0 0 1787734 2740115 21116247 20984461 92600 18113 -57496 858441 22939085 24601130 7896025 7259580 0 0 8926778 9395349 0 0 660917 6693613 7206162 23516416 23861091 -577331 740039 39717129 40396761 16287431 16399909 23429698 23996852 X SIERRA NEVADA COLLEGE'S MISSION IS TO COMBINE THE LIBERAL ARTS AND PROFESSIONAL PREPAREDNESS THROUGH AN INTERDISCIPLINARY CURRICULUM WHICH EMPHASIZES ENTREPRENEURIAL THINKING AND ENVIRONMENTAL, SOCIAL, ECONOMIC, AND EDUCATIONAL SUSTAINABILITY TO PRODUCE GRADUATES WHO WILL BE SCHOLARS OF AND CONTRIBUTORS TO A SUSTAINABLE WORLD. 0 0 18460753 7259580 20906116 SIERRA NEVADA COLLEGE IS A FULLY ACCREDITED INSTITUTION OF HIGHER LEARNING. THE COLLEGE PROVIDES UNDERGRADUATE PROGRAMS IN EDUCATION, HUMANITIES, BUSINESS SCIENCE, AND THE ARTS IN INCLINE VILLAGE, NEVADA, AND PROVIDES MASTERS IN TEACHING AND A POST GRADUATE TEACHER CERTIFICATION PROGRAM IN INCLINE VILLAGE, RENO AND LAS VEGAS, NEVADA. DURING THE FISCAL YEAR 2016 HIGHER EDUCATIONAL SERVICES WERE PROVIDED TO APPROXIMATELY 1,300 STUDENTS. 18460753 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 425 0 515 1 0 0 0 0 0 1 1 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 1 1 1 0 X JOHANNA LERESCHE 7758817426 999 TAHOE BLVD INCLINE VILLAGE NV 89451 ATAM LALCHANDANI BOARD CHAIR 3.00 0.00 X X 0 0 0 WAYNE PRIM CHAIRMAN EMERITUS 3.00 0.00 X X 0 0 0 JANET LOWE VICE CHAIR 3.00 0.00 X X 0 0 0 ELBRIDGE STUART III VICE CHAIR 3.00 0.00 X X 0 0 0 DAVE COLLINS TRUSTEE 3.00 0.00 X 0 0 0 CHUCK DOWD TRUSTEE 3.00 0.00 X 0 0 0 ROBIN HOLMAN TRUSTEE 3.00 0.00 X 0 0 0 WARREN KOCMOND TRUSTEE 3.00 0.00 X 0 0 0 BOB PREGER TRUSTEE 3.00 0.00 X 0 0 0 JIM STEINMANN TRUSTEE 3.00 0.00 X 0 0 0 NAZIR ANSARI TRUSTEE 3.00 0.00 X 0 0 0 LI HAN CHAN TRUSTEE 3.00 0.00 X 0 0 0 VANESSA FRANKING TRUSTEE 3.00 0.00 X 0 0 0 BOB HALL TRUSTEE 3.00 0.00 X 0 0 0 JENNIFER ALEMAN HUTTER TRUSTEE 3.00 0.00 X 0 0 0 BRUCE JAMES TRUSTEE 3.00 0.00 X 0 0 0 BRIAN KENNEDY TRUSTEE 3.00 0.00 X 0 0 0 BEN KIECKHEFER TRUSTEE 3.00 0.00 X 0 0 0 BARRY KLEIN TRUSTEE 3.00 0.00 X 0 0 0 RICHARD OFFERDAHL TRUSTEE 3.00 0.00 X 0 0 0 GENE PRETTI TRUSTEE 3.00 0.00 X 0 0 0 GRABLE RONNING TRUSTEE 3.00 0.00 X 0 0 0 ROLAND W SCHUMANN III TRUSTEE 3.00 0.00 X 0 0 0 BEN SOLOMON TRUSTEE 3.00 0.00 X 0 0 0 ROGER WITTENBERG TRUSTEE 3.00 0.00 X 0 0 0 ALAN WALKER PRESIDENT AS OF 9/1/15 40.00 0.00 X 50000 0 3004 SHANNON BEETS INTERIM PRESIDENT, VP AND PROVOST 40.00 0.00 X 201615 0 16248 SUSAN JOHNSON CFO 40.00 0.00 X 155906 0 13174 KRISTINE YOUNG BOARD SECRETARY 40.00 0.00 X 67995 0 3500 DAN O'BRYAN ASSOCIATE PROVOST 40.00 0.00 X 127632 0 28946 NICOLE FERGUSON DIRECTOR OF FINANCIAL AID 40.00 0.00 X 106693 0 9037 709841 0 73909 4 0 1 0 SODEXO FOOD SERVICE DEPT 43293 LOS ANGELES CA 900883283 FOOD SERVICES 836641 SODEXO INC PO BOX 360170 PITTSBURGH PA 152516170 FACILITIES MANAGEMENT 755550 CAPITAL EDUCATION LLC 200 SOUTH WACKER DRIVE STE 1600 CHICAGO IL 60606 ONLINE EDUCATION PLATFORM 383883 GP ADMINISTRATORS INC 2331 MADERO SUITE 240 MISSION VIEJO CA 92629 HEALTH CARE ADMINISTRATION 158262 CENTER FOR TEACHING EXCELLENCE 4775 S DURANGO DRIVE SUITE 103 LAS VEGAS NV 89147 TED PROGRAM RECRUITMENT 158262 12 276535 192566 2271014 23024 2740115 TUITION FEES AND BOARD 611310 20984461 20984461 20984461 70705 70705 1526587 538761 987826 987826 987826 183811 236403 -52592 -52592 -52592 12075 276535 63115 -51040 -51040 133302 316691 -183389 -183389 MGMT FEES (TCES) 611310 4308 4308 STUDENT AR ADJUSTMENTS 611310 644 644 100092 100092 105044 24601130 20906116 0 954899 7259580 7259580 844911 844911 6878855 6277102 277686 324067 168454 132552 28333 7569 824880 457496 337687 29697 678249 558753 93187 26309 76917 5740 71177 65058 65058 2068468 1256173 694318 117977 186738 33577 138296 14865 582178 305027 226599 50552 429075 427396 1679 350661 130332 220309 20 536691 493558 41627 1506 9307 4516 3316 1475 468177 11150 457027 1034318 115161 919157 157258 50841 106417 STUDENT RECRUITING 457853 375196 82657 BAD DEBT 285226 285226 SPECIAL EVENTS 132295 58270 11894 62131 COMMUNITY SERVICE 113524 113524 252418 223107 4562 24749 23861091 18460753 4739421 660917 336276 254684 572966 559072 615413 309740 845981 1161207 69969 64143 583337 456515 43483859 12996045 29643022 30487814 5066967 5137960 1983198 1965626 39717129 40396761 1698677 1834679 733843 949161 1052134 1374962 4500000 4500000 8302777 7741107 16287431 16399909 X 15839802 16946775 4064258 3523662 3525638 3526415 23429698 23996852 39717129 40396761 740039 -172885 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4526673 777 -46585 41004 83904 12393 4343564 4689027 0 101194 88422 165000 10126 4526673 4284727 100000 393676 87404 0 1972 4689027 4084197 0 284231 83562 0 139 4284727 3973159 0 192300 80756 0 506 4084197 0.00000 0.81190 0.18810 1 0 2002639 2002639 36154787 8723596 27431191 4513215 3739677 773538 813218 532772 280446 30487814 UC MINIMUM LEASE PAYMENT - TCES 7741107 7741107 X 18087230 -172886 -7259580 -7432466 25519696 -918566 -918566 24601130 17520076 918566 918566 16601510 7259580 7259580 23861090 PART V, LINE 4: THE INTENDED USE OF THE ORGANIZATIONS ENDOWMENT FUNDS ARE: ENTREPRENEURSHIP CHAIR, VISITING SCHOLARS, STUDENT AID, ENVIRONMENTAL STUDIES, AND TAHOE FORUM. PART X, LINE 2: THE COLLEGE IS ORGANIZED AS A NEVADA NONPROFIT CORPORATION AND HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3), QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTIONS 170(B)(1)(A)(II), AND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION UNDER SECTION 509(A)(1). THE COLLEGE IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE COLLEGE IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO ITS EXEMPT PURPOSE. THE COLLEGE HAS DETERMINED THAT IT IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX AND AS SUCH HAS NOT FILED AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS. THE COLLEGE BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE COLLEGE WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCES -7,259,580. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT EXPENSES FOR FUNDRAISING ACTIVITIES -63,115. AUXILIARY PROGRAM EXPENSES -855,451. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT EXPENSES FOR FUNDRAISING ACTIVITIES 63,115. AUXILIARY PROGRAM EXPENSES 855,451. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCES 7,259,580. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 STATEMENT OF NONDISCRIMINATION AND COMMUNITY ETHICS IS FOUND IN COLLEGE CATALOGS AND THE STUDENT HANDBOOK AT WWW.SIERRANEVADA.EDU; THERE HAS BEEN NO USE OF NEWSPAPER OR BROADCAST MEDIA FOR SUCH PURPOSE. SCHEDULE E, PART I, LINE 6 SIERRA NEVADA COLLEGE RECEIVES TITLE IV AID FUNDS FOR FEDERAL WORK STUDY PROGRAM, FEDERAL SUPPLEMENTAL EDUCATION OPPORTUNITY GRANT, AND THE NEVADA INCENTIVE GRANT. SUMMER EVENT 2015 121000 121000 14255 SUMMER EVENT 2016 114485 102410 12075 8637 11426 16101 2 53125 53125 221 9170 3306 288610 276535 12075 8858 34851 19407 63116 -51041 1 SCHOLARSHIPS FOR STUDENTS 478 7259580 0 TUITION AND FEES RATES PART I, LINE 2: GRANTS ARE IN THE FORM OF SCHOLARSHIPS AWARDED TO STUDENTS AND ARE GIVEN AS A REDUCTION OF OUTSTANDING TUITION. PART III COLUMN C SCHOLARSHIPS AWARDED TO STUDENTS ARE APPLIED DIRECTLY TOWARDS OUTSTANDING TUITION. X X X 0 1 X X 0 1 0 0 0 0 0 0 0 SHANNON BEETS INTERIM PRESIDENT, VP AND PROVOST 186683 0 0 0 14932 0 9334 0 6914 0 217863 0 0 0 SUSAN JOHNSON CFO 155626 0 0 0 280 0 8559 0 4615 0 169080 0 0 0 DAN O'BRYAN ASSOCIATE PROVOST 113252 0 0 0 14380 0 24000 0 4946 0 156578 0 0 0 PART I, LINE 1A THE PRESIDENT'S SPOUSE ACCOMPANIES THE PRESIDENT FOR COLLEGE MEETINGS AND ATHLETIC EVENTS. PER INITIAL EMPLOYMENT AGREEMENT THE PRESIDENT IS PROVIDED A RESIDENCE NEAR THE COLLEGE CAMPUS. PERSONAL SERVICES INCLUDE GROUNDS KEEPING AND MAINTENANCE AND REPAIRS OF THE RESIDENCE, BUT DOES NOT INCLUDE MAID SERVICE, CHAUFFEUR, OR CHEF. AS RESIDENCE ADJACENT TO CAMPUS IS REQUIRED IN EMPLOYMENT CONTRACT, HOUSING IS NOT INCLUDED IN TAXABLE COMPENSATION FOR THE CURRENT PRESIDENT. HOUSING ALLOWANCE PROVIDED TO INTERIM PRESIDENT WAS INCLUDED IN TAXABLE INCOME. PART I, LINE 1B THE COLLEGE FOLLOWS THE PROVISIONS OF THE OFFICERS' INITIAL EMPLOYMENT AGREEMENT PART I, LINE 4B THE COLLEGE ENTERED INTO A DEFERRED COMPENSATION AGREEMENT WITH THE CURRENT PRESIDENT OF THE COLLEGE TO COMPENSATE HIM FOR FUTURE SERVICES TO THE COLLEGE. FOR THE YEAR ENDED JUNE 30, 2016 THE COLLEGE RECOGNIZED EXPENSE OF $40,000 FOR THE EXPECTED BENEFITS ATTRIBUTABLE TO THE SERVICES PERFORMED. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION ONLY DOCUMENTS THE MEETINGS HELD BY THE GOVERNING BODY. COMMITTEES DO NOT HAVE AUTHORITY TO ACT INDEPENDENTLY, AND INSTEAD BRING THEIR RECOMMENDATIONS TO THE MEETING HELD BY THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11 SNC'S FORM 990 IS PREPARED BY AN EXTERNAL ACCOUNTING FIRM AND REVIEWED BY THE ACCOUNTING FIRM AND MEMBERS OF THE FINANCE STAFF. ONCE FINALIZED, THE FORM 990 IS E-FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS AND TRUSTEES ARE REQUIRED TO SIGN A CONFLICT OF INTEREST POLICY AGREEMENT ANNUALLY; ALL REQUIRED TO DISCLOSE INTEREST THAT WOULD GIVE RISE TO CONFLICTS. THE DETERMINATION OF A CONFLICT IS AT THE ADMINISTRATION AND BOARD LEVEL. ANY CONFLICT IS REFERRED TO THE BOARD OF TRUSTEES FOR RESOLUTION. FORM 990, PART VI, SECTION B, LINE 15 ALL OFFICER COMPENSATION WAS DETERMINED AND APPROVED BY THE BOARD OF TRUSTEES BASED UPON EXPERIENCE AND MARKET. COMPARABILITY DATA IS UTILIZED. EVALUATION PROCESS WAS LAST UTILIZED UPON THE HIRING OF THE CURRENT PRESIDENT IN 2015. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.