2014-05-15T08:43:30-05:00 2013-06-30 580692043 MAULDIN & JENKINS LLC 200 GALLERIA PKWY SE STE 1700 ATLANTA GA 303395946 990 2012-07-01 581357177 SAVANNAH COLLEGE OF ART AND DESIGN INC SAVA 9125255000 PO BOX 3146 SAVANNAH GA 31402 CARMEN STOWERS 9125255000 2014-05-14 1 MARY JO ALEXANDER P00002534 7709558600 2014-05-14 2012 2015-11-30 17:44:51Z PAULA WALLACE PO BOX 3146 SAVANNAH GA 31402 415452342 0 X WWW.SCAD.EDU X 1978 GA SEE SCHEDULE O FOR THE COMPLETE DESCRIPTION.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. 8 8 2291 1100 706507 -220667 10073528 8529055 352895853 367451302 783196 3805823 1344502 -13717 365097079 379772463 81833907 86788451 0 0 74930562 73080399 0 0 1198586 167733285 160718568 324497754 320587418 40599325 59185045 446195129 479156748 234051972 210106369 212143157 269050379 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 156875227 1939005 323809596 INSTRUCTIONAL EXPENDITURES -- THESE EXPENDITURES RELATE TO PROVIDING EDUCATION SERVICES TO APPROXIMATELY 11,000 STUDENTS SEEKING UNDERGRADUATE AND GRADUATE DEGREES. THE COLLEGE 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 COLLEGE 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. 30458313 43641706 CAMPUS SERVICES, STUDENT HOUSING, FOOD SERVICE EXPENDITURES -- THESE EXPENDITURES REPRESENT THE COST OF SERVICES NECESSARY TO SUPPORTTHE MISSION OF THE COLLEGE, INCLUDING STUDENT HOUSING, DINING SERVICES AND OTHER AUXILIARY SERVICES. THE SERVICES ARE AVAILABLE TO ALL STUDENTS. 84849446 84849446 STUDENT AID -- THE COLLEGE PROVIDES SCHOLARSHIPS AND OTHER FINANCIAL ASSISTANCE DIRECTLY FROM THE INSTITUTION. 272182986 1 1 0 1 0 0 0 1 0 1 1 0 1 1 1 1 0 1 1 1 1 1 0 0 1 0 0 1 1 1 0 0 0 0 1 0 1 0 1 1 0 0 1 1 1 1 0 0 1 473 0 1 2291 1 1 1 1 FR HK 0 0 0 1 1 0 0 0 0 X 8 8 1 1 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 GA X RIC ADKINS 9125255000 PO BOX 3146 SAVANNAH GA 31402 ALAN B WHITAKER III 5.00 X 0 0 0 DR ROBERT L NARDELLI 2.00 X 0 0 0 DR CHAN LAI WA 2.00 X 0 0 0 NANCY HERSTAND 2.00 X 0 0 0 SALLY WARANCH RAJCIC 2.00 X 0 0 0 DR ANDRE LEON TALLEY 2.00 X 0 0 0 PHARRIS JOHNSON 2.00 X 0 0 0 STUART SAUNDERS 2.00 X 0 0 0 DR TARAS DANYLUK 5.00 X 0 0 0 PAULA S WALLACE 30.00 30.00 X 1299646 931749 713749 BRIAN F MURPHY 1.00 50.00 X 0 519088 28315 JOSEPH P MANORY 1.00 50.00 X 0 393037 9197 CARMEN STOWERS 50.00 X 134008 0 16501 JEFFREY JOSIAH WALLER 1.00 50.00 X 34933 128602 16119 DR GOKHAN OZAYSIN 50.00 X 254059 0 24460 TERESA M GRIFFIS 50.00 X 185884 0 14322 ANDREW W FULP 50.00 X 180466 0 23362 MAUREEN GARVIN 50.00 X 166230 0 13055 KARI HERRIN 50.00 X 255919 0 24236 CHRISTIAN SOTTILE 50.00 X 244209 0 8436 JOHN PAUL ROWAN 50.00 X 255017 0 24990 ANTHONY E DAMMICCI 50.00 X 193673 8156 23597 MICHAEL JAMES FINK 50.00 X 190399 0 14576 DANIEL J FILSON 50.00 X 182629 0 8954 3577072 1980632 963869 12 0 1 0 ALIXPARTNERS LLP 2000 TOWN CENTER SUITE 2400 SOUTHFIELD MI 48075 CONSULTANTS 1128855 ALLIED BARTON SECURITY SERVICES PO BOX 828854 PHILADELPHIA PA 19182 SECURITY SERVICES 945666 ABM JANITORIALLANDSCAPING SERVICE PO BOX 934188 ATLANTA GA 31193 CUSTODIAL SERVICES 798351 HIOL PERE ET FILS 293 ROUTE DES GRANDS JARDINS LES TAILLADES FR 84300 GENERAL CONTRACTOR: CONSTRUCTION 679213 LATHAM & WATKINS LLP 233 S WACKER DRIVE SUITE 5800 CHICAGO IL 60606 ATTORNEYS 605340 50 480208 35000 8013847 6330832 8529055 TUITION AND FEES 611310 319406055 319406055 HOUSING & FOOD SERVICE 721310 43641706 43641706 OTHER FEES AND REVENUE 611310 1941840 1941840 OTHER STUDENT REVENUE 611310 1898718 1898718 CONFERENCES & COMMUNITY ED 611310 458952 458952 104031 104031 367451302 1129225 1129225 1911507 1911507 120072 0 120072 120072 120072 36553854 1134551 34900937 110870 1652917 1023681 2676598 2676598 124015 480208 362488 -238473 -238473 446681 305584 141097 115417 25680 TRUSTEES THEATER 711110 465026 465026 EQUESTRIAN SERVICES 713990 126064 126064 SCAD TRAVEL 900099 21331 21331 -2560341 -2560341 -1947920 379772463 367451302 706507 3085599 534165 534165 84849446 84849446 1404840 1404840 2389418 617723 1771695 58803435 54292715 3838109 672611 2381360 2162174 192303 26883 5127923 4664544 405898 57481 4378263 3934397 395625 48241 23860 23860 93269 93269 132768259 98019864 34550856 197539 16312 8113 8199 4413368 3397580 974206 41582 3433400 2730318 685896 17186 2641432 1584777 1056655 148791 110296 38495 1597364 1278393 318971 7099724 6747110 345810 6804 95357 81388 13969 FIN48 INCOME TAX ACCRUA 897330 897330 STUDENT ACTIVITIES 2603227 2408144 187933 7150 MEALS AND REFRESHMENTS 1732292 1374734 309839 47719 BAD DEBT EXPENSE 1034077 22 1034035 20 2120506 1084913 960223 75370 320587418 272182986 47205846 1198586 40765304 79109969 697394 853132 10364581 9577760 4910034 5322618 8177221 278767 735026 1281826 2827998 8186584 441006438 166413585 145671288 274592853 24904604 31524291 142888021 51754 32132214 34315795 32121444 34061399 446195129 479156748 23582615 37900570 158511 182835 23266399 22401027 75354460 124291505 111689987 25330432 234051972 210106369 X 182061400 239013883 11743917 11362556 18337840 18673940 212143157 269050379 446195129 479156748 59185045 -74969 -2202854 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 36701 0 0 36701 0 PART IV, SUPPLEMENTAL INFORMATION: NO AMOUNTS HAVE BEEN PAID BY EITHER THE INSTITUTION OR ITS AFFILIATES TO SUPPORT POLITICAL CANDIDATES OR POLITICAL PARTIES. SCHEDULE C, PART IV PART II-B, LINE 1G THE COLLEGE IS A MEMBER OF THE GEORGIA INDEPENDENT COLLEGE ASSOCIATION ("GICA"). GICA, AS PART OF ITS ACTIVITIES, REPRESENTS THE INTERESTS OF THE NOT-FOR-PROFIT PRIVATE COLLEGES AND UNIVERSITIES IN THE STATE OF GEORGIA TO GOVERNMENT BODIES AND OFFICIALS ON LEGISLATIVE MATTERS AND POLICIES. THE COSTS OF GFIC ARE ALLOCATED TO THE MEMBER INSTITUTIONS. GICA'S MEMBERSHIP ASSESSMENTS ARE BASED ON THE UNIVERSITY'S ENROLLMENT. THE AMOUNT SHOWN IS THE PORTION OF THE MEMBERSHIP ASSESSMENTS THAT ARE ATTRIBUTABLE TO LOBBYING EFFORTS BY THE GICA. 332320 33115024 X X X 1 19341908 244100 1547281 659989 4080050 16393250 16159725 3713056 34710 565583 19341908 12047266 3563056 1224631 675228 16159725 10694320 591679 971026 209759 12047266 10327725 766013 -399418 10694320 0.07200 0.79100 0.13700 0 0 22524450 22524450 239514394 63835144 175679250 23230130 15013416 8216714 97225014 66516361 30708653 16000 58496450 21048664 37463786 274592853 INVESTMENT IN FOREIGN CAMPUS 34315795 C 34315795 MUSEUM COLLECTIONS HELD FOR EXHIBITION/RESEARCH 34061399 34061399 SWAP LIABILITY 10716372 REFUNDABLE ADVANCES/DEFERRED CONTRIBUTIONS 1756907 ACCRUED RETIREMENT 7187800 OTHER LIABILITIES 4772023 FIN 48 INCOME TAX ACCRUAL 897330 25330432 X PART III, LINE 4: SCHEDULE D, PART III, LINE 4 THE COLLEGE'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 COLLEGE'S COLLECTIONS INCLUDE: PAINTINGS, PRINTS, COUTURE CLOTHING, JEWELRY, SCULPTURES AND HISTORICAL ITEMS. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: PART XIV-SUPPLEMENTAL FINANCIAL INFORMATION SCHEDULE D, PART V, LINE 4 THE COLLEGE'S ENDOWMENT FUNDS ARE PRIMARILY USED TO SUPPORT SCHOLARSHIPS FOR STUDENTS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: AT JUNE 30, 2013 THE UNIVERSITY HAD $897,330, OF TOTAL UNRECOGNIZED TAX BENEFITS, INCLUDING ESTIMATED INTEREST AND PENALTIES OF $360,000. ACCORDINGLY, ACCRUED INCOME TAX EXPENSE IN THE AMOUNT OF $897,330 IS INCLUDED IN PART X, LINE 25 AND SCHEDULE D, PART X. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE COLLEGE DRAWS ITS STUDENTS FROM ALL 50 STATES AND MORE THAN 100 COUNTRIES. ALL MATERIALS INVOLVING THE SOLICITATION OF STUDENTS INCLUDE THE COLLEGE'S NON-DISCRIMINATORY POLICY OR A REFERENCE TO THIS POLICY, IN COMPLIANCE WITH THE REQUIREMENTS STATED IN THE INSTRUCTIONS TO FORM 990. THE COLLEGE INSERTS THE FOLLOWING IN ITS CATALOG, APPLICATION FOR ADMISSION, AND THE COLLEGE'S WEBSITE: "SCAD SHALL ADMIT STUDENTS OF ANY GENDER, RACE, COLOR, NATIONAL OR ETHNIC ORIGIN, AND RELIGION TO ALL THE RIGHTS, PRIVILEGES, PROGRAMS AND ACTIVITIES ACCORDED OR MADE AVAILABLE TO STUDENTS AT SCAD. SCAD SHALL NOT DISCRIMINATE ON THE BASIS OF GENDER, RACE, COLOR, NATIONAL OR ETHNIC ORIGIN IN THE ADMINISTRATION OF ITS EDUCATIONAL POLICIES, ADMISSION POLICIES, AND ATHLETIC AND OTHER UNIVERSITY-ADMINISTERED PROGRAMS." 1 EUROPE 1 0 PROGRAM SERVICES STUDY ABROAD CAMPUS 1404840 EAST ASIA AND THE PACIFIC 1 0 PROGRAM-RELATED INVESTMENTS 2179654 EUROPE 1 0 CAPITAL INVESTMENT 1808751 EUROPE 1 0 PROGRAM SERVICES PROGRAM SERVICES RELATED TO MEAL PLANS AND OWNERSHIP OF REAL PROPERTY. 2778720 4 0 0 0 4 0 8171965 0 8171965 EUROPE CAMPUS OPERATIONS 1404840 WIRE 1 0 0 1 0 0 0 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, 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 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. SAVANNAH SCHOLARSHIP GALA 232746 164502 68244 8382 32140 74924 ATLANTA SCHOLARSHIP GALA 260202 206631 53571 31628 35214 63776 1 111275 109075 2200 42470 16387 57567 604223 480208 124015 82480 83741 196267 362488 -238473 1 LUCAS THEATRE FOR THE ARTS INC 32 ABERCORN STREET SAVANNAH GA 31401 581775851 501(C )(3) 500000 SUPPORT FOR OPERATIONS NATIONAL MUSEUM OF WOMEN IN THE ARTS 1250 NEW YORK AVE NW WASHINGTON DC 20005 521238810 501(C )(3) 11300 SUPPORT FOR OPERATIONS THEA FOUNDATION 401 MAIN STREET SUITE 100 NORTH LITTLE ROCK AR 72114 522356755 501(C )(3) 20000 SUPPORT FOR OPERATIONS 3 0 STUDENT SCHOLARSHIPS 10590 84849446 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 0 1 0 0 0 0 0 1 0 PAULA S WALLACE 376948 378388 500000 500000 422698 53361 360263 343073 10413 0 1670322 1274822 369337 0 BRIAN F MURPHY 0 519088 0 0 0 0 0 17190 0 11125 0 547403 0 0 JOSEPH P MANORY 0 322066 0 25000 0 45971 0 0 0 9197 0 402234 0 0 CARMEN STOWERS 103259 0 21000 0 9749 0 5598 0 10903 0 150509 0 0 0 JEFFREY JOSIAH WALLER 34933 123602 0 5000 0 0 700 7549 1967 5903 37600 142054 0 0 DR GOKHAN OZAYSIN 204059 0 50000 0 0 0 13335 0 11125 0 278519 0 0 0 TERESA M GRIFFIS 178884 0 7000 0 0 0 9402 0 4920 0 200206 0 0 0 ANDREW W FULP 175466 0 5000 0 0 0 12237 0 11125 0 203828 0 0 0 MAUREEN GARVIN 156707 0 0 0 9523 0 8403 0 4652 0 179285 0 0 0 KARI HERRIN 237733 0 4000 0 14186 0 13823 0 10413 0 280155 0 0 0 CHRISTIAN SOTTILE 244209 0 0 0 0 0 7689 0 747 0 252645 0 0 0 JOHN PAUL ROWAN 206415 0 15000 0 33602 0 13865 0 11125 0 280007 0 0 0 ANTHONY E DAMMICCI 188673 8156 5000 0 0 0 13420 167 10010 0 217103 8323 0 0 MICHAEL JAMES FINK 189649 0 750 0 0 0 10213 0 4363 0 204975 0 0 0 DANIEL J FILSON 154209 0 14500 0 13920 0 8229 0 725 0 191583 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. 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 (CALCULATED PURSUANT TO THE TAX REGULATIONS REGARDING THE 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 DUE TO THE EXISTENCE OF MULTIPLE LOCATIONS (SAVANNAH, ATLANTA, LACOSTE, FRANCE AND HONG KONG, CHINA). HOUSING ALLOWANCES - 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 THE USE OF THE PROPERTY. PART I, LINE 4B PAULA WALLACE 369,338 PART I, LINE 7 THE PRESIDENT'S BONUSES ARE DETERMINED BY THE BOARD OF TRUSTEES IN ITS SOLE DISCRETION. FOR ALL OTHERS, BONUSES ARE DETERMINED IN THE SOLE DISCRETION OF THE COMPENSATION COMMITTEE. SUPPLEMENTAL INFORMATION PART III 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 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 OTHER INSTITUTIONS. THE COMPENSATION EXPERT PROVIDES A WRITTEN OPINION ON THE REASONABLENESS OF TOTAL COMPENSATION (WHICH INCLUDES THE AMOUNTS PAID BY UNIVERSITY'S SUBSIDIARY). THE FULL BOARD CONSIDERS AND APPROVES THE COMMITTEE'S RECOMMENDATION. THIS PRACTICE ALSO INCLUDES THE COMPENSATION PAID TO ANY INDIVIDUAL RELATED TO A MEMBER OF SENIOR MANAGEMENT OR THE BOARD. THE COMPENSATION PAID TO ALL OTHER SENIOR MANAGEMENT AND 'RELATED PERSONS' IS ALSO REVIEWED AND DETERMINED PURSUANT TO THE 'REBUTTABLE PRESUMPTION' PROCEDURES. THE REVIEW PROCESS INCLUDES AND CONSIDERS THE TOTAL CASH COMPENSATION PAID BY THE UNIVERSITY'S WHOLLY-OWNED SUBSIDIARY. PART I, QUESTION 4B THE UNIVERSITY PROVIDES A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN TO THE PRESIDENT IN THE FORM OF A DEFERRED COMPENSATION ARRANGEMENT. PRESENT VALUE OF THE INCREASE IN THE ACCRUED BENEFIT IS REPORTED IN PART II, COLUMN C. IF THE PRESIDENT CONTINUES WORKING UNTIL JUNE 30TH, 2014, SHE WILL BE ENTITLED TO A LUMP SUM PAYMENT(ACTUARIALLY DETERMINED) EQUAL TO AN ANNUAL BENEFIT OF SIXTY FIVE PERCENT OF HER FINAL SALARY IN EFFECT AT THAT TIME. ANNUAL PAYMENTS TO BE PAID PURSUANT TO A PREVIOUS DEFERRED COMPENSATION ARRANGEMENT HAVE NOT BEEN DEFERRED BUT ARE CONTINGENT ON CONTINUED EMPLOYMENT. DURING THE 2012 CALENDAR YEAR A DISTRIBUTION OF $ 369,337 WAS MADE BY THE ORGANIZATION TO THE PRESIDENT BASED ON A CONTRACTUAL OBLIGATION. IT IS REPORTED IN THE 2012 W-2 AS WELL AS IN COLUMN (F) OF PART VII AND IN COLUMN (B) (III) OF SCHEDULE J PART II. THIS BENEFIT WAS EARNED OVER 35+ YEARS OF SERVICE. RELATED PERSON TO KEY EMPLOYEE ANDR SON OF KEY EMPOLYEE 27893 SCHOLARSHIP RELATED PERSON TO FORMER OFFICER PA SON OF FORMER OFFICER 31905 SCHOLARSHIP SCAD GROUP INC COMMON MGMT 128339093 SERVICES 0 MARISA ROWAN FAMILY MEMBER OF PAULA WALLACE, PRESIDENT 137376 WAGES AND BENEFITS 0 JOHN PAUL ROWAN FAMILY MEMBER OF PAULA WALLACE, PRESIDENT 271675 WAGES AND BENEFITS 0 GLENN WALLACE FAMILY MEMBER OF PAULA WALLACE, PRESIDENT 427264 WAGES AND BENEFITS 0 KIMBERLY SHREVE FAMILY MEMBER OF PAMELA POETTER, FORMER OFFICER 69093 WAGES AND BENEFITS 0 MICHAEL SHREVE FAMILY MEMBER OF PAMELA POETTER, FORMER OFFICER 75237 WAGES AND BENEFITS 0 ISIL OZAYSIN FAMILY MEMBER OF GOKHAN OZAYSIN, CHIEF ACADEMIC OFFICER 17889 WAGES AND BENEFITS 0 X 5 22120 FAIR MARKET VALUE X 1 5233 FAIR MARKET VALUE X 1 406053 APPRAISAL X 1 5500000 APPRAISAL X AUCTION ITEMS 104 78504 FMV X CONSTRUCTION MATERIALS 1 2500 FMV X JEWELRY 1 310200 APPRAISAL 7 0 1 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTIONS: PART I, COLUMN (B): NUMBER OF CONTRIBUTORS FORM 990, PART VI, SECTION A, LINE 2 THERE IS A FAMILY RELATIONSHIP BETWEEN PAULA WALLACE AND JOHN PAUL ROWAN. FORM 990, PART VI, SECTION A, LINE 3 SCAD GROUP, INC WAS A WHOLLY-OWNED SUBSIDIARY OF THE SAVANNAH COLLEGE OF ART AND DESIGN, INC., ("SCAD"), THAT PROVIDED CERTAIN NONACADEMIC SERVICES TO THE COLLEGE INCLUDING RECRUITMENT AND COMMUNICATIONS SERVICES, ACADEMIC SUPPORT SERVICES, FINANCIAL MANAGEMENT SERVICES, STUDENT SERVICES, INFORMATION MANAGEMENT AND TECHNOLOGY SERVICES, HUMAN RESOURCE SERVICES, AND PHYSICAL RESOURCE SERVICES. SCAD GROUP, IN. MERGED WITH SCAD ON JUNE 30, 2013 AS DESCRIBED IN SCHEDULE R, PART VII. 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 COLLEGE'S CORPORATE GOVERNANCE POLICY, WHICH IS AVAILABLE TO ALL EMPLOYEES VIA THE INSTITUTIONS 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 COLLEGE 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. THE SAME PROCESS WAS USED FOR SETTING THE COMPENSATION OF THE SENIOR MANAGEMENT FOR THE INSTITUTION'S FORMER SUBSIDIARY, SCAD GROUP INC. 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 0 0 SAVANNAH COLLEGE OF ART AND DESIGN INC SCAD MUSEUM LLC PO BOX 3146 SAVANNAH GA 31402 273916875 MUSEUM GA -678653 28456050 SAVANNAH COLLEGE OF ART AND DESIGN INC LACOSTE SCHOOL OF THE ARTS IN FRANCE SA (FKA COMPANIA DE NAVEGACION) PO BOX 3146 SAVANNAH GA 31402 EDUCATION PM 0 529900 SAVANNAH COLLEGE OF ART AND DESIGN INC ACORN LEASING LLC PO BOX 3146 SAVANNAH GA 31402 AIRCRAFT LEASING GA -100296 2326561 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. KOWLOON HK EDUCATION HK EXEMPT LINE 2 SAVANNAH COLLEGE OF ART AND DESIGN INC 1 SCAD GROUP INC PO BOX 3146 SAVANNAH GA 31410 200547324 ADMIN SUPPORT GA SAVANNAH COLLEGE OF ART AND DESIGN INC C 1.00000 0 LACOSTE SCHOOL OF THE ARTS IN FRANCE ASSOCIATION RUE DU FOUR LACOSTE LACOSTE FR 84480 CAMPUS FR SAVANNAH COLLEGE OF ART AND DESIGN INC C 103538 1.00000 0 1 1 0 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 SCAD GROUP INC A 1089113 TRANSACTION AMOUNT LUCAS THEATRE INC B 500000 TRANSACTION AMOUNT LACOSTE ASSOC FOR THE ARTS B 1404840 TRANSACTION AMOUNT SCAD FOUNDATION (HONG KONG) LTD D 2179654 TRANSACTION AMOUNT SCAD FOUNDATION (HONG KONG) LTD E 2179654 TRANSACTION AMOUNT SCAD GROUP INC L 128339093 TRANSACTION AMOUNT LUCAS THEATRE INC J 89776 TRANSACTION AMOUNT SCH R PART V CONCURRENT WITH ITS LAST TRANSACTION OF THE DAY ON JUNE 30, 2013, SCAD GROUP, INC. MERGED WITH AND INTO SAVANNAH COLLEGE OF ART AND DESIGN, INC. (SCAD) THE SURVIVING CORPORATION (THE MERGER), SO THAT SCAD GROUP, INC. CEASED TO EXIST. NO SIGNIFICANT CHANGES IN THE OPERATIONS OF THE UNIVERSITY OCCURRED AS A RESULT OF THE MERGER. PRIOR TO THE MERGER, SCAD GROUP, INC. WAS A RELATED ORGANIZATION TO SCAD.