2016-03-28T15:44:00-05:00 2015-06-30 ERNST & YOUNG US LLP 201 N FRANKLIN ST SUITE 2400 TAMPA FL 33602 990 2014-07-01 590859121 Eckerd College % CHRISTOPHER P BRENNAN ECKE 7278671166 4200 54TH AVENUE SOUTH ST PETERSBURG FL 33711 CHRISTOPHER P BRENNAN TREAS. & VP FINANCE 2016-03-24 Melanie McPeak P01346034 8132254800 2014 2016-08-17 19:52:53Z DONALD R EASTMAN 4200 54TH AVENUE S ST PETERSBURG FL 33711 108654876 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 1563 225 719588 -55188 8039611 11560020 91039789 93869590 1153461 2334766 215378 242122 100448239 108006498 29060493 31376475 0 0 32547272 36579651 39374 24864 1449322 36278013 34364802 97925152 102345792 2523087 5660706 191410562 195803718 39245392 39554087 152165170 156249631 X TO PROVIDE AN 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.). THE COLLEGE EXPECTS ITS STUDENTS TO ACQUIRE A BROAD KNOWLEDGE OF PAST AND PRESENT HUMAN CULTURES AND OF THE RICH AND VARIED PERSPECTIVES OF DIFFERENT ACADEMIC AREAS. THE COLLEGE EXPECTS ITS STUDENTS TO ENGAGE INTELLECTUALLY WITH THE ENDURING QUESTIONS OF PURPOSE, VALUE AND MEANING AND TO REFLECT SERIOUSLY ON THE SPIRITUAL DIMENSION OF HUMAN EXISTENCE. THE COLLEGE EXPECTS ITS STUDENTS TO ACQUIRE THE INTELLECTUAL DEPTH APPROPRIATE TO A BACCALAUREATE EDUCATION IN A SINGLE DISCIPLINE OR SUBJECT, INCLUDING MASTERY OF A PARTICULAR BODY OF KNOWLEDGE AND AN UNDERSTANDING OF ITS PRINCIPAL MODES OF INQUIRY. THE COLLEGE EXPECTS ITS STUDENTS TO DEEPEN THEIR AWARENESS AND COMPREHENSION OF TWO CENTRAL ISSUES: SUSTAINING THE NATURAL ENVIRONMENT AND FOSTERING CROSS-CULTURAL UNDERSTANDING AND RESPECT FO false false 59640693 31340038 78000176 INSTRUCTION AND SCHOLARSHIPS TO/FOR STUDENTS - INCLUDES TRADITIONAL STUDENTS AS WELL AS RETURNING ADULT STUDENTS OVER THE AGE OF 23. RESIDENTIAL STUDENTS COME FROM 48 STATES AND 40 COUNTRIES. STUDENTS CAN CHOOSE FROM 39 MAJORS IN THE RESIDENTIAL PROGRAM AND 6 MAJORS IN THE PROGRAM FOR EXPERIENCED LEARNERS OR DESIGN THEIR OWN INTERDISCIPLINARY CONCENTRATIONS. ALL PROGRAMS LEAD TO A BACHELOR OF ARTS OR BACHELOR OF SCIENCE DEGREE. ATTENDING ECKERD COLLEGE DURING THE 2014/15 ACADEMIC YEAR WERE 2,515 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. 13489637 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.ECKERD.EDU/ATHLETICS AND WWW.ECKERD.EDU/CAMPUSLIFE. 12407863 15869414 AUXILIARY SERVICES - HOUSING, FOOD SERVICE AND OTHERS. WITH OVER 86% 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. 3377567 36437 2547607 88915760 true true false true false false false false false true true true false false true true true true true true true false false true true false false true true true true false false false false false true false false false false true false false false true true true false false false true 3079 0 true 1563 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 AK AZ AR DC FL KY ME MD MA MI MS NH SC WA WI X CHRISTOPHER P BRENNAN 7278648122 4200 54TH AVE SOUTH ST PETERSBURG FL 33711 John B Phelps III Trustee 1.0 0.0 X 0 0 0 Fred Razook Trustee 1.0 0.0 X 0 0 0 William R Ripberger Trustee 1.0 0.0 X 0 0 0 P N Risser III Trustee 1.0 0.0 X 0 0 0 John R Saunders Trustee 1.0 0.0 X 0 0 0 Susan Russ Walker Trustee 1.0 0.0 X 0 0 0 George A Wardman Trustee 1.0 0.0 X 0 0 0 David L Warren Trustee 1.0 0.0 X 0 0 0 Jean Giles Wittner Trustee 1.0 0.0 X 0 0 0 Donald R Eastman III President 50.0 0.0 X X 532460 0 46990 Norman A Barker Trustee 1.0 0.0 X 0 0 0 S Matt Kilgroe Trustee 1.0 0.0 X 0 0 0 Kathleen Trott Trustee 1.0 0.0 X 0 0 0 Howard Kennedy Trustee 1.0 0.0 X 0 0 0 Susan A Slaugenhaupt Trustee 1.0 0.0 X 0 0 0 Quinton Zondervan Trustee 1.0 0.0 X 0 0 0 Payton F Adams Trustee 1.0 0.0 X 0 0 0 Ronice Barlow Trustee 1.0 0.0 X 0 0 0 Louie 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 John G Finneran Jr Chairman 1.0 0.0 X X 0 0 0 Ronald H Francis Trustee 1.0 0.0 X 0 0 0 Robin Suarez Trustee 1.0 0.0 X 0 0 0 Ian P Johnson Vice Chairman 1.0 0.0 X X 0 0 0 Helmar Nielson Trustee 1.0 0.0 X 0 0 0 George W Off Trustee 1.0 0.0 X 0 0 0 Jeffrey Dodge trustee 1.0 0.0 X 0 0 0 Leah Rubino trustee 1.0 0.0 X 0 0 0 Lisa A Mets VP and Secretary of College 50.0 0.0 X 132882 0 31021 Christopher P Brennan Treasurer/VP Bus Finance 50.0 0.0 X 152632 0 34221 Matthew S Bisset VP of Advancement 50.0 0.0 X 163936 0 34894 Martha S Harrison VP of Academics 50.0 0.0 X 170903 0 37171 James J Annarelli VP & Dean of Student Life 50.0 0.0 X 149995 0 33136 John F Sullivan Dean of Admissions 50.0 0.0 X 144017 0 23627 Peter K Hammerschmidt Professor of Eco & Leadership 50.0 0.0 X 130742 0 26467 Marion Smith Professor of Music & Director 50.0 0.0 X 172571 0 12583 Claire A Stiles Professor of Human Development 50.0 0.0 X 153206 0 23977 1903344 0 304087 29 false true false DTZ SERVICES A UGL COMPANY 2000 W COMMERCIAL BLVD SUITE 119 FORT LAUDERDALE FL 33309 FACILITIES MGMT CO 2753983 BILTMORE CONSTRUCTION COMPANY INC 1055 PONCE DE LEON BLVD BELLEAIR FL 33756 CONSTRUCTION MGMT 1115887 THE MV GROUP INCORPORATED PO BOX 46785 ST PETERSBURG FL 33741 MGMT CONSULTING 198057 ERNST YOUNG LLP PO BOX 101617 ATLANTA GA GA 303921617 ACCOUNTING SERVICES 269100 ELLUCIAN SUPPORT INC 4 COUNTRY VIEW RD MALVERN PA 193551408 SOFTWARE MAINTENANCE 152238 10 39548 909052 10611420 535592 11560020 TUITION AND FEES 611600 72009071 72009071 0 0 AUXILIARY SERVICES 611710 15869414 15869414 0 0 CONTINUING EDUCATION 611600 5991105 5246759 744346 0 93869590 2333536 2358294 -24758 0 0 68445 68445 0 68445 68445 616225 614995 1230 1230 1230 84842 39548 30876 53966 53966 1350 2507 -1157 -1157 0 OTHER REVENUE 900099 120868 120868 0 0 120868 108006498 95672851 719588 54039 36437 36437 31340038 31340038 0 0 0 0 1307762 0 1098466 209296 0 0 0 0 26326231 22984102 2672707 669422 1443266 1198772 188912 55582 5828234 4163200 1531954 133080 1674158 1459165 165383 49610 0 0 0 0 152665 0 152665 0 302039 0 302039 0 31295 0 31295 0 24864 24864 87573 0 87573 0 1439273 928375 510898 409339 385824 23154 361 2267207 1500879 705709 60619 1349943 268346 1080770 827 165140 165140 0 0 3870564 2844973 1015073 10518 2516338 2298883 149354 68101 0 0 0 0 455341 351548 81724 22069 1668918 1650360 18558 0 0 0 0 0 5831745 5362873 468872 0 646348 14048 632300 0 FOOD SERVICES 4639204 4508074 85613 45517 DONOR RELATIONS 10396 6049 3424 923 BUILDING & GROUNDS 1421721 1182693 239028 0 PROGRAM SERVICES SUPPLIES 7099753 6265981 735239 98533 102345792 88915760 11980710 1449322 0 29359486 26636278 4635457 8610685 3166571 3316137 1294318 1864580 106348 37572 0 0 1250707 1181763 0 0 3972219 3937514 186190666 89077604 95424565 97113062 36566048 35104416 15469769 17461389 35000 0 0 0 130074 540322 191410562 195803718 5129932 6453541 0 0 3058872 3614562 26640397 25685519 0 0 0 0 3204828 3096837 0 0 1211363 703628 39245392 39554087 X 106752745 106420002 11396852 14914788 34015573 34914841 152165170 156249631 191410562 195803718 X 5660706 -325115 -1251130 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 true 31295 false 0 false 0 31295 false DIRECT CONTACT FORM 990, SCHEDULE C, PART II-B, LINE 1G ECKERD COLLEGE USES THE SERVICES OF AN OUTSIDE CONSULTING FIRM TO CONDUCT LOBBYING ACTIVITIES FOR THE COLLEGE REGARDING HIGHER EDUCATION ISSUES. 54489078 2991650 783771 2525600 55738899 49093600 725601 6985844 2315967 54489078 45268125 946829 5020232 2141586 49093600 47474771 813035 -1073057 1946624 45268125 37814196 4389352 6720297 828815 620259 47474771 0.34900 0.59230 0.05870 false false 3349312 3349312 114395119 35124695 79270424 210131 210131 49454468 45532141 3922327 18781636 8210637 10570999 97113062 ARCHIPELAGO/WELLINGTON MGMT CO 2069986 F ARCHSTONE OFFSHORE FUND LTD 3868162 F COLCHESTER GLOBAL BOND A1 FUND 790818 F DAVIDSON KEMPNER LONG TERM DIS 51525 F LANDMARK EQUITY PARTNERS XV LP 331484 F METROPOLITAN REAL ESTATE PARTN 656908 F NYES LEDGE CAPITAL OFFSHORE FU 4258438 F OCH-ZIFF PARALLEL REAL ESTATE 143577 F OTHER 15394 F SANDERSON INTL VALUE FUND 3257078 F TIFF REALTY & RESOURCES 2008 252587 F VIA ENERGY II, LP 307715 F WELLINGTON TRUST 1457717 F 17461389 0 POSTRETIREMENT BENEFITS & DEFERRAL 703628 703628 X 76699843 33383 33383 76666460 31340038 31340038 108006498 71039137 33383 33383 71005754 31340038 31340038 102345792 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. 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 2015 AND 2014. FORM 990, SCHEDULE D, PART XI, LINE 2D FUNDRAISING EXPENSES 33,383 FORM 990, SCHEDULE D, PART XI, LINE 4B SCHOLARSHIPS RECLASSED TO EXPENSES ON RETURN 31,340,038 FORM 990, SCHEDULE D, PART XII, LINE 2D FUNDRAISING EXPENSES 33,383 FORM 990, SCHEDULE D, PART XII, LINE 4B SCHOLARSHIPS RECLASSED TO EXPENSES ON RETURN 31,340,038 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 433848 Central America and the Caribbean Investments 8126600 East Asia and the Pacific 1 Program Services Instructional 430300 Europe (Including Iceland and Greenland) Investments 2069986 Europe (Including Iceland and Greenland) 1 3 Program Services Instructional 250878 South America 3 Program Services Instructional 121707 South Asia 1 Program Services Instructional 8622 Sub-Saharan Africa 1 Program Services Instructional 17 1 12 1 12 11441958 11441958 true false false false false false PART I, LINE 4 ECKERD COLLEGE MAINTAINS A RESIDENTIAL UNIT IN LONDON TO HOUSE STUDENTS WHILE ATTENDING COLLEGE COURSES OFFERED BY THE COLLEGE. DURING FY15, THE COLLEGE HOUSED 43 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. THE NUMBER OF EMPLOYEES IS COMPUTED ON A FTE BASIS, ROUNDED TO WHOLE NUMBERS. X X X X X X X true Witzleben Associates 610 West Main Street Loft 207 Durham NC 27701 CAMPAIGN CONSULTING false 24864 24864 AL AZ AR CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA ME MD MA MN MS MO MT NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN UT VT VA WA WV WI WY ATHLTC AUCTION 63860 7290 56570 5328 FISHING TRNMNT 22577 6750 15827 434 7373 994 1363 2 37953 25508 12445 3015 1849 10520 124390 39548 84842 434 10388 2843 17211 30876 53966 PAYMENT OF FUNDRAISING FEES AND EXPENSES FORM 990, SCHEDULE G, PART I, LINE 2B, Column (v) PROFESSIONAL FEES $21,250 TRAVEL EXPENSES $3,575 TELEPHONE & FAX EXPENSES $39 TOTAL AMOUNT PAID TO WITZLEBEN & ASSOCIATES $24,864 true UNITED WAY SUNCOAST 5201 W KENNEDY BLVD TAMPA FL 33609 593725701 501(c)(3) 10000 0 General Support COPPERHEAD CHARITIES INC 36750 US 19 NORTH PALM HARBOR FL 34684 592319162 501(c)(3) 6000 0 GENERAL SUPPORT 2 0 ECKERD COLLEGE GRANTS 2094 20151539 HONORS SCHOLARSHIPS 135 198335 PRESIDENTIAL SCHOLARSHIPS 436 6429567 SPECIAL TALENT SCHOLARSHIPS 110 1909914 INSTITUTIONAL GRANTS 883 2299112 SEOG GRANTS 190 167478 SCHOLARSHIPS 74 184093 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 439528 0 0 0 92932 0 26000 0 20990 0 579450 0 0 0 Lisa A Mets VP and Secretary of College 132189 0 0 0 693 0 13750 0 17271 0 163903 0 0 0 Christopher P Brennan Treasurer/VP Bus Finance 151316 0 0 0 1316 0 15750 0 18471 0 186853 0 0 0 Matthew S Bisset VP of Advancement 163196 0 0 0 740 0 16700 0 18194 0 198830 0 0 0 James J Annarelli VP & Dean of Student Life 147908 0 0 0 2087 0 15150 0 17986 0 183131 0 0 0 John F Sullivan Dean of Admissions 143848 0 0 0 169 0 14400 0 9227 0 167644 0 0 0 Peter K Hammerschmidt Professor of Eco & Leadership 129961 0 0 0 781 0 10072 0 16395 0 157209 0 0 0 Martha S Harrison VP of Academics 168263 0 0 0 2640 0 17750 0 19421 0 208074 0 0 0 Marion Smith Professor of Music & Director 171128 0 0 0 1443 0 6513 0 6070 0 185154 0 0 0 Claire A Stiles Professor of Human Development 150765 0 0 0 2441 0 6499 0 17478 0 177183 0 0 0 SUPPLEMENTAL COMPENSATION INFORMATION FORM 990, SCHEDULE J, PART III, 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 III, 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 INCLUDED YEARS 2014 AND 2015. THERE IS A WRITTEN EMPLOYMENT CONTRACT BETWEEN THE COLLEGE AND THE PRESIDENT. THERE IS A WRITTEN EMPLOYMENT CONTRACT BETWEEN THE COLLEGE AND THE PRESIDENT. A Pinellas County Educational Facilities Authority 521411737 723161FK6 2006-05-18 31680245 Capi improvements & Defease bonds false false false A 5905000 0 32963396 2288813 0 0 624061 3470023 0 14078029 10579373 123898 2008 true false true true A false false true true false 0 0.00560 0.00560 true false false true A false false false false false false 0 false 0 false false A true DESCRIPTION OF PURPOSE OF 2006 BOND ISSUE Form 990, Schedule K, Part I, Column (F) The proceeds of the bond issue were used for capital improvements and to defease the 1989, 1991, and 1993 Bonds. FORM 990, SCHEDULE K, PART II, Line 3 The difference in issue price versus total proceeds is $279,016 of Interest and $1,004,135 of Prior Bond Reserves. Baker Victoria RETIRED FACULTY Def's Comp Adv 457F X 53207 1236 false true true Harris Sandra RETIRED FACULTY Def's Comp Adv 457F X 34485 4733 false true true Henderson David RETIRED FACULTY Def's Comp Adv 457F X 50882 3313 false true true Junevicus Gerald RETIRED FACULTY Def's Comp Adv 457F X 54668 5188 false true true Lezcano Margarita RETIRED FACULTY Def's Comp Adv 457F X 63906 21202 false true true Oberhofer Tom RETIRED FACULTY Def's Comp Adv 457F X 68380 1900 false true true 37572 SUPPLEMENTAL INFORMATION 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. X 8 15250 SALE COMP PROPERTY X 36 516272 COST/SELLING PRICE X A/V EQUIPMENT 1 3992 FMV X MARINE EQUIPMENT 77 77 FMV X MUSIC EQUIPMENT 1 1 FMV 6 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 ARRANGEMENT FORM 990, SCHEDULE M, PART I, QUESTION 30B THE WATERFRONT PROGRAM AT ECKERD COLLEGE RECEIVES BOATS FROM VARIOUS DONORS REPORTED ON SCHEDULE M, PART I, LINE 7. THE BOATS THAT ARE NOT USED BY THE WATERFRONT PROGRAM ARE SOLD. THE PROCEEDS FROM THE SALES ARE USED TO SUPPORT THE OPERATIONS OF THE WATERFRONT PROGRAM. 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 A 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. THE COLLEGE'S FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC VIA ITS DISSEMINATION AGENT AT HTTP://WWW.DACBOND.COM. Other Changes in Net Assets FORM 990, PART XI, LINE 9 Change in value of Split-interest agreement -161,627 Pension-related changes other than net periodic pension cost 159,235 Investment return after amounts distributed for CY operations -1,248,738 -------- Total -1,251,130 Required Audit Form 990, Part XII, Line 2b and Part IV, Line 12A & 12B THE COLLEGES 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. ECKERD COLLEGE REAL ESTATE LLC 4200 54TH AVENUE SOUTH ST PETERSBURG FL 33711 272423823 R/E HOLDING FL -247166 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