2016-05-16T14:02:58-05:00 2015-06-30 580692043 MAULDIN & JENKINS LLC 200 GALLERIA PKWY SE STE 1700 ATLANTA GA 303395946 990 2014-07-01 581357177 SAVANNAH COLLEGE OF ART AND DESIGN INC SAVA 9125255000 PO BOX 3146 SAVANNAH GA 314023146 CARMEN STOWERS SECRETARY 9125255000 2016-05-16 1 MARY JO ALEXANDER P00002534 7709558600 2016-05-13 2014 2016-08-17 19:52:53Z X PAULA WALLACE PO BOX 3146 SAVANNAH GA 314023146 450526670 0 X WWW.SCAD.EDU X 1978 GA SEE SCHEDULE O FOR COMPLETE DESCRIPTION. 9 9 3250 1200 1233010 -675725 2626599 4379724 384076014 406593749 2288123 -4518473 3644098 3152642 392634834 409607642 89606614 92798783 0 0 116156236 122207403 0 0 1147071 126318628 130525624 332081478 345531810 60553356 64075832 535149162 678530098 204041866 282923970 331107296 395606128 THE SAVANNAH COLLEGE OF ART AND DESIGN EXISTS TO PREPARE TALENTED STUDENTS FOR PROFESSIONAL CAREERS, EMPHASIZING LEARNING THROUGH INDIVIDUAL ATTENTION IN A POSITIVELY ORIENTED UNIVERSITY ENVIRONMENT. 0 0 157121040 2306816 354364640 INSTRUCTIONAL EXPENDITURES -- THESE EXPENDITURES RELATE TO PROVIDING EDUCATION SERVICES TO APPROXIMATELY 11,000 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 COMMISSION ON COLLEGES OF THE SOUTHERN ASSOCIATION OF COLLEGES & SCHOOLS 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 EDUCATION. APPROXIMATELY 2,500 STUDENTS GRADUATED AND WERE AWARDED DEGREES DURING THE REPORTING PERIOD. 38024553 52229109 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. 90491967 90491967 STUDENT AID -- THE UNIVERSITY PROVIDES SCHOLARSHIPS AND OTHER FINANCIAL ASSISTANCE DIRECTLY FROM THE INSTITUTION. 285637560 1 1 0 0 0 0 0 1 0 1 1 0 1 1 1 0 0 1 1 1 1 1 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 1 664 0 1 3250 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 VA X RICHARD ADKINS 9125255000 PO BOX 3146 SAVANNAH GA 314023146 ALAN B WHITAKER III TRUSTEE 5.00 X 0 0 0 ANDRE LEON TALLEY TRUSTEE 2.00 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 PAULA S WALLACE PRESIDENT 60.00 1.00 X 9409076 0 212636 JEFFREY J WALLER TREASURER, VP FINANCIAL GR 50.00 1.00 X 292233 0 23598 CARMEN M STOWERS SECRETARY 50.00 1.00 X 143230 0 18242 STEFANO RICHARD MINEO VP FOR BUSINESS OPERATIONS 50.00 X 187060 0 18542 BRADFORD GRANT VP FOR INFORMATION TECHNOL 50.00 X 203141 0 23313 MAUREEN GARVIN DEAN, FOUNDATION STUDIES 50.00 X 169100 0 13742 LESLEY C HANAK VP FOR HUMAN RESOURCES 50.00 X 268100 0 14877 PHILIP J ALLETTO VP FOR STUDENT SUCCESS 50.00 X 287093 0 26733 SCOTT LINZEY VP FOR STUDENT FINANCIAL S 50.00 X 197900 0 25826 TERESA M GRIFFIS VP - SCAD ATLANTA 50.00 X 217131 0 17737 DR GOKHAN OZAYSIN CHIEF ACADEMIC OFFICER 50.00 X 375835 0 27714 CHRISTIAN B SOTTILE DEAN, SCHOOL OF BLDG ARTS 50.00 X 277141 0 9019 JOHN PAUL ROWAN VP FOR STRATEGY & INNOVATI 50.00 X 244164 0 20079 KARI HERRIN VP FOR CREATIVE DIRECTION 50.00 X 273272 0 24928 MICHAEL J FINK DEAN, SCHOOL OF FASHION 50.00 X 216421 0 11229 JOSE MALLABO SR VP FOR PR AND MARKETING 50.00 X 237978 0 24743 DR TARAS DANYLUK FORMER COO 0.00 X 298673 0 1400 BRIAN F MURPHY FORMER COO 0.00 X 137593 0 0 GLENN E WALLACE SVP FOR UNIVERSITY RESOURCES 50.00 X 490162 0 16607 13925303 0 530965 147 1 1 0 BON APPETIT MANAGEMENT COMPANY 2400 YORKMONT ROAD CHARLOTTE NC 28217 FOOD SERVICE 10174074 FIRST TRANSIT INC 600 VINE STREET SUITE 1400 CINCINNATI OH 45202 TRANSPORTATION SERVICES 5702334 ALLIED BARTON SECURITY SERVICES PO BOX 828854 PHILADELPHIA PA 19182 SECURITY 5636252 ALIXPARTNERS LLP 2000 TOWN CENTER SUTIE 2400 SOUTHFIELD MI 48075 CONSULTING 3639618 ARAMARK FOOD & SUPPORT SERVICES GROUP 1101 MARKET STREET 45 PHILADELPHIA PA 19107 CUSTODIAL AND GROUNDS 434023 109 61197 4318527 984147 4379724 TUITION AND FEES 611310 347037997 347037997 HOUSING & FOOD SERVICE 721310 52229109 52229109 OTHER STUDENT REVENUE 611310 3635769 3635769 OTHER FEES AND REVENUE 611310 3281162 3281162 CONFERENCES & COMMUNITY ED 611310 249173 249173 160539 160539 406593749 1815271 34819 1780452 1616702 1616702 51415 200227 0 10544 51415 189683 241098 189683 51415 32225000 835421 32536629 6857536 -311629 -6022115 -6333744 -6333744 17727 61197 141768 -124041 -124041 1983118 1372551 610567 610567 BOOKSTORE MGMT AGREEMENT 451211 302786 302786 TRUSTEES THEATER 711110 285445 285445 EQUITY IN EARNINGS FROM SUBSIDIAR 900099 92908 92908 127177 112496 14681 808316 409607642 406593749 1233010 -2598841 517077 517077 90491967 90491967 1789739 1789739 12898069 1439430 11458639 87472777 76787762 9897178 787837 3530714 2805662 696113 28939 11213433 8786008 2338355 89070 7092410 5533997 1502601 55812 2151454 2151454 284037 284037 28055130 23333752 4716927 4451 1565842 20022 1545820 14120232 9287323 4746542 86367 15426962 14775032 643052 8878 8523292 6347919 2175373 558471 517148 41323 6318308 1569158 4749150 25857139 21961476 3885449 10214 3108820 160593 2948227 STUDENT MEAL PLAN 9275509 9275509 MEALS AND REFRESHMENTS 3783544 3355149 391089 37306 STUDENT ACTIVITIES 3479648 3241796 237852 STATE INCOME TAX 9224 9224 8008012 3641041 4328774 38197 345531810 285637560 58747179 1147071 134565993 38094490 7960444 86429082 1083010 1725549 5282562 4717131 332114 283056 1357231 971840 5286268 5804157 548099104 174709221 278570732 373389883 28707050 87386871 55681 144662 35967105 39364250 35980972 40219127 535149162 678530098 33159979 35750171 204164 32194 23649698 25335165 192612746 122569763 20000000 24458262 9193694 204041866 282923970 X 299662104 362773348 12197169 12236790 19248023 20595990 331107296 395606128 535149162 678530098 64075832 423000 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 55222 40219127 X X X 1 18629224 31428601 471569 579404 80636 49869354 16393250 633588 2119564 569921 52743 18629224 19341908 244100 1547281 659989 4080050 16393250 16159725 3713056 34710 565583 19341908 12047266 3563056 1224631 675228 16159725 0.63100 0.29900 0.07000 0 0 74012505 74012505 333461629 96502479 236959150 85328856 51504497 33824359 16000 55280114 26702245 28593869 373389883 INVESTMENT IN FOREIGN CAMPUS 39364250 C 39364250 PERMANENT COLLECTIONS HELD FOR EXHIBITION/RESEARCH 35035887 DEBT ISSUE COSTS 5183240 40219127 ACCRUED INTEREST 2312030 ACCRUED RETIREMENT 1170396 ASSET RETIREMENT OBLIGATIONS (ARO) 2367964 DEFERRED RENT 914412 FIN 48 INCOME TAX ACCRUAL 897330 OTHER LIABILITIES 240079 REFUNDABLE ADVANCES 1291483 9193694 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. 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 ADMISSION OR 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 1789739 EAST ASIA AND THE PACIFIC 1 2 PROGRAM-RELATED INVESTMENTS 3393217 EUROPE 1 0 CAPITAL INVESTMENT 549081 EUROPE 1 0 PROGRAM SERVICES PROGRAM SERVICES RELATED TO MEAL PLANS AND OWNERSHIP OF REAL PROPERTY. 1608811 4 2 0 0 4 2 7340848 0 7340848 EUROPE CAMPUS OPERATIONS 1683074 WIRE EUROPE CAMPUS OPERATIONS 106665 INVENTORY GOODS TO SELL COST 2 0 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. OSCAR DE LA RENTA EXHIBITION 78924 61197 17727 290 45953 95525 78924 61197 17727 290 45953 95525 141768 -124041 1 LUCAS THEATRE FOR THE ARTS INC 32 ABERCORN STREET SAVANNAH GA 31401 581775851 501(C )(3) 500000 SUPPORT FOR OPERATIONS THE CATHEDRAL OF ST PHILIP IN THE DIOCESE OF ATLANTA INC (THE CATHEDRAL 2744 PEACHTREE ROAD NW ATLANTA GA 30305 580641230 501(C )(3) 7500 SPONSORSHIP 2 0 STUDENT SCHOLARSHIPS 11293 90491967 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 859320 0 1000000 0 7549756 0 200226 0 12410 0 9621712 0 2735121 904266 JEFFREY J WALLER TREASURER, VP FINANCIAL GR 197233 0 95000 0 0 0 11760 0 11838 0 315831 0 0 0 CARMEN M STOWERS SECRETARY 123230 0 20000 0 0 0 6593 0 11649 0 161472 0 0 0 STEFANO RICHARD MINEO VP FOR BUSINESS OPERATIONS 163568 0 15000 0 8492 0 6761 0 11781 0 205602 0 0 0 BRADFORD GRANT VP FOR INFORMATION TECHNOL 183021 0 12000 0 8120 0 11483 0 11830 0 226454 0 0 0 MAUREEN GARVIN DEAN, FOUNDATION STUDIES 169100 0 0 0 0 0 8885 0 4857 0 182842 0 0 0 LESLEY C HANAK VP FOR HUMAN RESOURCES 234930 0 15000 0 18170 0 14146 0 731 0 282977 0 0 0 PHILIP J ALLETTO VP FOR STUDENT SUCCESS 237093 0 50000 0 0 0 14895 0 11838 0 313826 0 0 0 SCOTT LINZEY VP FOR STUDENT FINANCIAL S 192900 0 5000 0 0 0 13988 0 11838 0 223726 0 0 0 TERESA M GRIFFIS VP - SCAD ATLANTA 205131 0 12000 0 0 0 12554 0 5183 0 234868 0 0 0 DR GOKHAN OZAYSIN CHIEF ACADEMIC OFFICER 288835 0 75000 0 12000 0 15876 0 11838 0 403549 0 0 0 CHRISTIAN B SOTTILE DEAN, SCHOOL OF BLDG ARTS 276641 0 500 0 0 0 8288 0 731 0 286160 0 0 0 JOHN PAUL ROWAN VP FOR STRATEGY & INNOVATI 234164 0 10000 0 0 0 14384 0 5695 0 264243 0 0 0 KARI HERRIN VP FOR CREATIVE DIRECTION 213610 0 25000 0 34662 0 13517 0 11411 0 298200 0 0 0 MICHAEL J FINK DEAN, SCHOOL OF FASHION 208621 0 7800 0 0 0 6486 0 4743 0 227650 0 0 0 JOSE MALLABO SR VP FOR PR AND MARKETING 222978 0 15000 0 0 0 12905 0 11838 0 262721 0 0 0 DR TARAS DANYLUK FORMER COO 78407 0 0 0 220266 0 0 0 1400 0 300073 0 0 0 BRIAN F MURPHY FORMER COO 0 0 0 0 137593 0 0 0 0 0 137593 0 0 0 GLENN E WALLACE SVP FOR UNIVERSITY RESOURCES 388304 0 75000 0 26858 0 15876 0 731 0 506769 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, HAS 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 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. STARTING IN 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 LINE 4A SEVERANCE COMPENSATION: DR. TARAS DANYLUK $ 220,266 BRIAN MURPHY 137,593 LINE 4B PAYMENT FROM A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN BASED ON 35+ YEARS OF SERVICE: PAULA WALLACE $ 7,387,878 - SEE BELOW FOR ADDITIONAL INFORMATION 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. 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. PART I, QUESTION 4B IN 2000, THE UNIVERSITY AGREED TO PROVIDE THE PRESIDENT A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN IN THE FORM OF A DEFERRED COMPENSATION ARRANGEMENT. THIS ARRANGEMENT WAS REPLACED BY A NEW ARRANGEMENT IN 2009. THE DEFERRED COMPENSATION ARRANGEMENT WAS IMPLEMENTED FOR A NUMBER OF REASONS, INCLUDING THE PRESIDENT'S 35+ YEARS OF SERVICE TO THE UNIVERSITY, HER COMMITMENT TO REMAIN IN THE SERVICE OF THE UNIVERSITY THROUGH JUNE 30, 2014 PURSUANT TO AN EMPLOYMENT CONTRACT THAT EXPIRED ON JUNE 30, 2014 AND HER RELINQUISHMENT OF PRIOR RIGHTS TO RETIREMENT BENEFITS, INCLUDING PAYMENTS THAT WOULD HAVE BEEN MADE TO HER IN JUNE 2009. THE DEFERRED COMPENSATION WAS APPROVED BY THE BOARD OF TRUSTEES AND AN OPINION REGARDING ITS REASONABLENESS WAS PROVIDED BY AN INDEPENDENT CONSULTING FIRM. THE PRESIDENT WAS REQUIRED TO REMAIN EMPLOYED BY THE UNIVERSITY (UNLESS TERMINATED WITHOUT CAUSE) THROUGH JUNE 30, 2014 IN ORDER TO RECEIVE THE DEFERRED COMPENSATION. ON JUNE 30, 2014, THE PRESIDENT EARNED THE DEFERRED COMPENSATION AND IT WAS PAID IN A LUMP SUM, WHICH AMOUNT WAS ACTUARIALLY DETERMINED. IT WAS REPORTED IN THE PRESIDENT'S 2014 W-2 AND IS INCLUDED IN COLUMN (D) OF PART VII OF THIS FORM 990 AND IN COLUMN (B) (III) OF SCHEDULE J PART II. THE PRESENT VALUE OF THE INCREASE IN THE ACCRUED BENEFIT IS REPORTED IN PART II, COLUMN (C). OF THE LUMP SUM DEFERRED COMPENSATION PAID TO THE PRESIDENT IN JULY 2014, COLUMN (F) OF SCHEDULE J, PART II REFLECTS THE PORTION WHICH WAS PREVIOUSLY REPORTED AS DEFERRED IN COLUMN (C) ON FORMS 990 FOR PRIOR YEARS OF THE ORGANIZATION AND RELATED ORGANIZATIONS. THE PRESIDENT CONTINUES UNDER A NEW FIVE-YEAR AGREEMENT WHICH BECAME EFFECTIVE JULY 1, 2014. 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 194150320 3882655 104838129 85429536 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 TAX YEAR. RELATED PERSON TO KEY EMPLOYEE ANDR SON OF KEY EMPOLYEE 22530 SCHOLARSHIP RELATED PERSON TO FORMER OFFICER PA SON OF FORMER OFFICER 37550 SCHOLARSHIP MARISA ROWAN FAMILY MEMBER OF PAULA WALLACE, PRESIDENT 100883 WAGES AND BENEFITS 0 JOHN PAUL ROWAN FAMILY MEMBER OF PAULA WALLACE, PRESIDENT 269907 WAGES AND BENEFITS 0 GLENN WALLACE FAMILY MEMBER OF PAULA WALLACE, PRESIDENT 557533 WAGES AND BENEFITS 0 KIMBERLY SHREVE FAMILY MEMBER OF PAMELA POETTER, FORMER OFFICER 12993 WAGES AND BENEFITS 0 MICHAEL SHREVE FAMILY MEMBER OF PAMELA POETTER, FORMER OFFICER 22579 WAGES AND BENEFITS 0 HABIBE ISIL OZAYSIN FAMILY MEMBER OF GOKHAN OZAYSIN, KEY EMPLOYEE 18582 WAGES AND BENEFITS 0 DAVID HANAK FAMILY MEMBER OF LESLEY CAMILLE HANAK, KEY EMPLOYEE 131540 WAGES AND BENEFITS 0 MARY GRANT FAMILY MEMBER OF BRADFORD GRANT, KEY EMPLOYEE 95735 WAGES AND BENEFITS 0 X 4 55222 MARKET VALUE X 1 26425 MARKET VALUE X HORSES 11 902500 APPRAISAL 8 0 1 0 PART I, COLUMN (B): NUMBER OF CONTRIBUTORS. FORM 990 PART I LINE 1 THE SAVANNAH COLLEGE OF ART AND DESIGN EXISTS TO PREPARE TALENTED STUDENTS FOR PROFESSIONAL CAREERS, EMPHASIZING LEARNING THROUGH INDIVIDUAL ATTENTION IN A POSITIVELY ORIENTED UNIVERSITY ENVIRONMENT. 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 60 DISCIPLINES. WITH OVER 29,000 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 12,000 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. 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 11 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 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. SAVANNAH MEDIA SERVICES LLC PO BOX 3146 SAVANNAH GA 31402 271079682 SUPPORT GA SAVANNAH COLLEGE OF ART AND DESIGN INC SCAD MUSEUM LLC PO BOX 3146 SAVANNAH GA 31402 273916875 MUSEUM GA -673551 27112869 SAVANNAH COLLEGE OF ART AND DESIGN INC MUSEUM CAFE LLC PO BOX 3146 SAVANNAH GA 31402 463951516 SUPPORT GA SAVANNAH COLLEGE OF ART AND DESIGN INC LUCAS THEATRE FOR THE ARTS INC 32 ABERCORN STREET SAVANNAH GA 31401 581775851 CULTURAL GA 501(C) LINE 9 SAVANNAH COLLEGE OF ART AND DESIGN INC 1 SCAD FOUNDATION (HONG KONG) LIMITED 292 TAI PO ROAD N. KOWLOON N. 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