REMINGTON COLLEGE: Form 990, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- REMINGTON COLLEGE (EIN 27-3339369)
- Tax period
- 2013-01-01 to 2013-12-31
- Filed
- 2014-07-23
- IRS object ID
- 201422049349300312
- Schema version
- 2013v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule I
- Schedule J
- Schedule L
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2014-07-23T08:40:35-05:00 | ReturnTs |
| Tax Period End | 2013-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 201776739 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JPMS COX PLLC | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11300 CANTRELL ROAD SUITE 301 | AddressLine1 |
| City | LITTLE ROCK | City |
| State | AR | State |
| ZIP Code | 72212 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2013-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 273339369 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | REMINGTON COLLEGE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | REMI | BusinessNameControlTxt |
| Phone | 4075625500 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 INTERNATIONAL PARKWAY NO 200 | AddressLine1 |
| City | HEATHROW | City |
| State | FL | State |
| ZIP Code | 32746 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JAKE FROEMSDORF | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 4075625500 | PhoneNum |
| Signature | 2014-07-08 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MARY ELLEN VANGILDER | PreparerPersonNm |
| PTIN | P00626271 | PTIN |
| Phone | 5012275800 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JACK FORREST | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 INTERNATIONAL PARKWAY NO 200 | AddressLine1 |
| City | HEATHROW | City |
| State | FL | State |
| ZIP Code | 32746 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $126,584,158 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.REMINGTONCOLLEGE.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2008 | FormationYr |
| Legal Domicile State | AR | LegalDomicileStateCd |
| Activity Or Mission | POST-SECONDARY EDUCATION | ActivityOrMissionDesc |
| Voting Members Governing Body | 5 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 0 | VotingMembersIndependentCnt |
| Total Employee | 1789 | TotalEmployeeCnt |
| Total Volunteers | 4 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $180,870 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $142,892,984 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $126,392,165 | CYProgramServiceRevenueAmt |
| PY Investment Income | -$35,874 | PYInvestmentIncomeAmt |
| CY Investment Income | -$7,009 | CYInvestmentIncomeAmt |
| PY Other Revenue | $169,096 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $143,026,206 | PYTotalRevenueAmt |
| CY Total Revenue | $126,566,026 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $2,146,695 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $5,170,422 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $65,911,935 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $58,767,332 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $71,782,675 | PYOtherExpensesAmt |
| CY Other Expenses | $70,571,320 | CYOtherExpensesAmt |
| PY Total Expenses | $139,841,305 | PYTotalExpensesAmt |
| CY Total Expenses | $134,509,074 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $3,184,901 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$7,943,048 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $188,144,924 | TotalAssetsBOYAmt |
| Total Assets EOY | $78,187,630 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $196,027,907 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $163,467,514 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | -$7,882,983 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | -$85,279,884 | NetAssetsOrFundBalancesEOYAmt |
| Mission | THE MISSION OF REMINGTON COLLEGE IS TO CONTRIBUTE TO THE PUBLIC GOOD BY PROVIDING RELEVANT, CAREER-FOCUSED EDUCATION DESIGNED AND INTENDED TO HELP STUDENTS ACQUIRE THE KNOWLEDGE AND DEVELOP THE SKILLS AND ABILITIES NECESSARY FOR SUCCESSFUL ENTRY (CONTINUED ON SCHEDULE O) | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $126,275,336 | ExpenseAmt |
| Grant | $5,170,421 | GrantAmt |
| Revenue | $126,392,165 | RevenueAmt |
| Desc | REMINGTON COLLEGE CONTRIBUTED TO THE PUBLIC GOOD BY PROVIDING RELEVANT, CAREER-FOCUSED EDUCATION THAT HELPED STUDENTS ACQUIRE THE KNOWLEDGE AND DEVELOP THE SKILLS AND ABILITIES NECESSARY TO OBTAIN POSITIONS IN THEIR CHOSEN CAREER FIELDS. REMINGTON COLLEGE PROVIDED A CARING LEARNING ENVIRONMENT IN WHICH A TECHNICALLY RICH, INTELLECTUALLY STIMULATING, QUALITY EDUCATION WAS DELIVERED BY A DEDICATED FACULTY AND STAFF. | Desc |
| Total Program Service Expenses | $126,275,336 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | Yes (1) | GrantToRelatedPersonInd |
| Business Rln With Org Mem | Yes (1) | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (1) | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | Yes (1) | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 233 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 1789 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 5 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 0 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | OH | StatesWhereCopyOfReturnIsFldCd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JAKE FROEMSDORF | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4075625771 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 INTERNATIONAL PARKWAY STE 200 | AddressLine1 |
| City | HEATHROW | City |
| State | FL | State |
| ZIP Code | 32746 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionAGrp (45 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| JACK W FORREST | |||||||
| PRESIDENT AND CEO | 40.00 | Yes (X) | Yes (X) | $368,324 | $0 | $15,521 | |
| WARREN STEPHENS | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| KEVIN WILCOX | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MARSHALL MCKISSACK | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JERALD M BARNETT JR | |||||||
| DIRECTOR | 15.00 | Yes (X) | $0 | $0 | $0 | ||
| A REID ALLISON | |||||||
| CHIEF OPERATING OFFICER | 40.00 | Yes (X) | $295,478 | $0 | $11,644 | ||
| ROBERT LUTZ | |||||||
| SENIOR VP & ASST. SECRETAR | 40.00 | Yes (X) | $281,141 | $0 | $8,261 | ||
| CHARLES R CAMP | |||||||
| SECRETARY & GENERAL COUNSE | 40.00 | Yes (X) | $283,073 | $0 | $10,807 | ||
| DR P MICHAEL LANOUETTE | |||||||
| CHIEF ACADEMIC OFFICER | 40.00 | Yes (X) | $282,978 | $0 | $9,211 | ||
| JONATHAN BAKER | |||||||
| VP-BUSINESS OPERATIONS | 40.00 | Yes (X) | $156,937 | $0 | $8,059 | ||
| JEREMY HERTZ | |||||||
| VP-HUMAN RESOURCES | 40.00 | Yes (X) | $143,904 | $0 | $8,250 | ||
| TODD ZVAIGZNE | |||||||
| REGIONAL VP OF OPERATIONS | 40.00 | Yes (X) | $222,413 | $0 | $11,288 | ||
| DR HIRAM NALL | |||||||
| REGIONAL VP OF OPERATIONS | 40.00 | Yes (X) | $227,805 | $0 | $8,213 | ||
| JAKE FROEMSDORF | |||||||
| CHIEF FINANCIAL OFFICER | 40.00 | Yes (X) | $161,503 | $0 | $8,519 | ||
| JAMES DUNN | |||||||
| NAT'L DIRECTOR OF STUDENT | 40.00 | Yes (X) | $116,592 | $0 | $3,902 | ||
| MARY RHODES | |||||||
| DIRECTOR OF ACCREDITATION | 40.00 | Yes (X) | $87,015 | $0 | $5,903 | ||
| DAVID C NETZLEY II | |||||||
| VP/DEPUTY GENERAL COUNSEL | 40.00 | Yes (X) | $138,388 | $0 | $3,927 | ||
| GARY AZOTEA | |||||||
| CAMPUS PRESIDENT - CLEVELA | 40.00 | Yes (X) | $148,882 | $0 | $8,519 | ||
| MICHAEL SMITH | |||||||
| CAMPUS PRESIDENT - BATON R | 40.00 | Yes (X) | $151,814 | $0 | $7,084 | ||
| JOANN BOUDREAUX | |||||||
| CAMPUS PRESIDENT - LAFAYET | 40.00 | Yes (X) | $116,542 | $0 | $7,022 | ||
| JERRY DRISKILL | |||||||
| CAMPUS PRESIDENT - SHREVEP | 40.00 | Yes (X) | $151,382 | $0 | $10,019 | ||
| LOUIS LAMAIR | |||||||
| CAMPUS PRESIDENT - HONOLUL | 40.00 | Yes (X) | $143,630 | $0 | $1,431 | ||
| GREENIE W SKIP WALLS | |||||||
| CAMPUS PRESIDENT - DALLAS | 40.00 | Yes (X) | $206,671 | $0 | $5,416 | ||
| SHIRLEY MCCRAY | |||||||
| CAMPUS PRESIDENT - COLORAD | 40.00 | Yes (X) | $113,101 | $0 | $1,580 | ||
| LASHUNDIA BROOKS | |||||||
| CAMPUS PRESIDENT - COLUMBI | 40.00 | Yes (X) | $113,811 | $0 | $6,116 | ||
| LORI BANKEY | |||||||
| CAMPUS PRESIDENT - HOUSTON | 40.00 | Yes (X) | $88,427 | $0 | $7,421 | ||
| DR ROSALIE LAMPONE | |||||||
| CAMPUS PRESIDENT - LITTLE | 40.00 | Yes (X) | $130,122 | $0 | $4,512 | ||
| DR LORI MORAN | |||||||
| CAMPUS PRESIDENT - MEMPHIS | 40.00 | Yes (X) | $191,442 | $0 | $5,243 | ||
| JAMES SAULSBURY | |||||||
| CAMPUS PRESIDENT - NASHVIL | 40.00 | Yes (X) | $61,223 | $0 | $1,129 | ||
| STEPHEN BACKMAN | |||||||
| CAMPUS PRESIDENT - MOBILE | 40.00 | Yes (X) | $157,470 | $0 | $2,082 | ||
| GREGORY FALCON | |||||||
| CAMPUS PRESIDENT - FORT WO | 40.00 | Yes (X) | $171,433 | $0 | $7,667 | ||
| KENNETH HEINEMANN | |||||||
| CAMPUS PRESIDENT - TAMPA | 40.00 | Yes (X) | $179,976 | $0 | $8,344 | ||
| DR KARIN POLIFKO | |||||||
| VICE PRESIDENT/CAMPUS PRESIDENT/DEAN OF NURSING | 40.00 | Yes (X) | $243,269 | $0 | $2,885 | ||
| ROBERT MAUK | |||||||
| CAMPUS PRESIDENT - HOUSTON | 40.00 | Yes (X) | $83,709 | $0 | $8,519 | ||
| BRADLEY MOORE | |||||||
| VICE PRESIDENT OF HEALTH S | 40.00 | Yes (X) | $164,615 | $0 | $2,935 | ||
| EMMYLU GERRY | |||||||
| CONTROLLER | 40.00 | Yes (X) | $78,565 | $0 | $5,607 | ||
| J BONNELL | |||||||
| VP-INFORMATION TECHNOLOGY | 40.00 | Yes (X) | $191,086 | $0 | $6,156 | ||
| LARRY COLLINS | |||||||
| CAMPUS PRESIDENT - NASHVILLE CAMPUS | 40.00 | Yes (X) | $80,596 | $0 | $1,991 | ||
| PATRICK RESETAR | |||||||
| CAMPUS PRESIDENT - CLEVELAND EAST CAMPUS | 40.00 | Yes (X) | $37,878 | $0 | $1,730 | ||
| LAUREN LAWSON | |||||||
| CAMPUS PRESIDENT - ORLANDO NURSING | 40.00 | Yes (X) | $96,346 | $0 | $1,000 | ||
| LINDA PHILLIPS-MORROW | |||||||
| ELITE ADMISSIONS REP - FOR | 40.00 | $141,334 | $0 | $8,050 | Yes (X) | ||
| KURT HUBBARD | |||||||
| NAT'L DEAN OF OCCUPATIONAL THERAPY STUDIES | 40.00 | $118,127 | $0 | $2,371 | Yes (X) | ||
| EDMUND FLORES | |||||||
| DIRECTOR OF ADMISSIONS - N | 40.00 | $130,332 | $0 | $2,935 | Yes (X) | ||
| BILLY FERRELL | |||||||
| DIRECTOR OF EDUCATION - DALLAS | 40.00 | $116,827 | $0 | $3,519 | Yes (X) | ||
| MARC WRIGHT | |||||||
| DIRECTOR OF ADMISSIONS - DALLAS/FORT WORTH | 40.00 | $129,938 | $0 | $7,056 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $6,504,099 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $251,844 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 41 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1 | CityContractorAddress/USAddress/City | StateContractorAddress/USAddress/State | ZIP CodeContractorAddress/USAddress/ZIPCode | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| 1103 LLC | |||||
| 1111 BISHOP ST STE 505 | HONOLULU | HI | 96813 | MAINTENANCE | $647,192 |
| GREENS CROSSING II OWNER LP | |||||
| PO BOX 116789 | ATLANTA | GA | 30368 | MAINTENANCE | $322,521 |
| BEADLE'S CLEANING SERVICES | |||||
| 1229 E OAKLAWN ST | TERRELL | TX | 75160 | MAINTENANCE | $281,506 |
| BKD LLP | |||||
| PO BOX 3667 | LITTLE ROCK | AR | 72203 | ACCOUNTING | $189,147 |
| BP WESTCHASE LLC | |||||
| PO BOX 160223 | CHARLOTTE | NC | 26260 | MAINTENANCE | $186,836 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 10 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $180,870 | AllOtherContributionsAmt |
| Total Contributions | $180,870 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION AND FEES | 611310 | $125,795,290 | $125,795,290 |
| COSMETOLOGY SERVICES | 611310 | $520,480 | $520,480 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $76,395 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $76,395 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $126,392,165 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $512 | TotalRevenueColumnAmt |
| Exclusion | $512 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $10,611 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $18,132 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -$7,521 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$7,521 | TotalRevenueColumnAmt |
| Exclusion | -$7,521 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $126,566,026 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $126,392,165 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | -$7,009 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,441 | TotalAmt |
| Program Services | $7,441 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,162,981 | TotalAmt |
| Program Services | $5,162,981 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,867,544 | TotalAmt |
| Program Services | $4,154,356 | ProgramServicesAmt |
| Management And General | $1,713,188 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $45,753,740 | TotalAmt |
| Program Services | $43,957,923 | ProgramServicesAmt |
| Management And General | $1,795,817 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | -$11,644 | TotalAmt |
| Program Services | -$11,644 | ProgramServicesAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,692,439 | TotalAmt |
| Program Services | $2,267,477 | ProgramServicesAmt |
| Management And General | $424,962 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,465,253 | TotalAmt |
| Program Services | $4,249,629 | ProgramServicesAmt |
| Management And General | $215,624 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $71,241 | TotalAmt |
| Program Services | $36,307 | ProgramServicesAmt |
| Management And General | $34,934 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $119,417 | TotalAmt |
| Program Services | $119,417 | ProgramServicesAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,117,005 | TotalAmt |
| Program Services | $2,221,691 | ProgramServicesAmt |
| Management And General | $895,314 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,464,315 | TotalAmt |
| Program Services | $17,464,315 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,203,442 | TotalAmt |
| Program Services | $1,190,650 | ProgramServicesAmt |
| Management And General | $1,012,792 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $833,192 | TotalAmt |
| Program Services | $833,192 | ProgramServicesAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $77,308 | TotalAmt |
| Program Services | $77,308 | ProgramServicesAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,874,423 | TotalAmt |
| Program Services | $16,235,699 | ProgramServicesAmt |
| Management And General | $1,638,724 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $648,734 | TotalAmt |
| Program Services | $526,343 | ProgramServicesAmt |
| Management And General | $122,391 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $111,757 | TotalAmt |
| Program Services | $96,496 | ProgramServicesAmt |
| Management And General | $15,261 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $459,700 | TotalAmt |
| Program Services | $459,700 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,723,891 | TotalAmt |
| Program Services | $13,620,561 | ProgramServicesAmt |
| Management And General | $103,330 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $958,292 | TotalAmt |
| Program Services | $819,929 | ProgramServicesAmt |
| Management And General | $138,363 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| TEXTBOOKS & SUPPLIES | $8,383,000 | $8,383,000 | |
| STUDENT ACTIVITIES | $1,983,004 | $1,983,004 | |
| EMPLOYEE & PERSONNEL EX | $660,984 | $616,970 | $44,014 |
| OUTSIDE FINANCIAL AID | $561,588 | $561,588 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,320,027 | TotalAmt |
| Program Services | $1,241,003 | ProgramServicesAmt |
| Management And General | $79,024 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $134,509,074 | TotalAmt |
| Program Services | $126,275,336 | ProgramServicesAmt |
| Management And General | $8,233,738 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $117,660 | BOYAmt |
| EOY | $111,702 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,502,059 | BOYAmt |
| EOY | $12,880,557 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $38,503,378 | BOYAmt |
| EOY | $3,230,372 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $20,458 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $42,650 | BOYAmt |
| EOY | $26,621 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,707,067 | BOYAmt |
| EOY | $1,511,979 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $21,276,417 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $12,392,009 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,550,145 | BOYAmt |
| EOY | $8,884,408 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $123,802,964 | BOYAmt |
| EOY | $50,740,042 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $919,001 | BOYAmt |
| EOY | $781,491 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $188,144,924 | BOYAmt |
| EOY | $78,187,630 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,646,193 | BOYAmt |
| EOY | $9,482,930 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $40,957,397 | BOYAmt |
| EOY | $6,957,269 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,631,945 | BOYAmt |
| EOY | $1,079,064 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $138,792,372 | BOYAmt |
| EOY | $145,948,251 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $196,027,907 | BOYAmt |
| EOY | $163,467,514 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$7,882,983 | BOYAmt |
| EOY | -$85,279,884 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$7,882,983 | BOYAmt |
| EOY | -$85,279,884 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $188,144,924 | BOYAmt |
| EOY | $78,187,630 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$7,943,048 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$69,453,853 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | 0 | FSAuditedInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | VolunteersInd |
| Paid Staff Or Management | 0 | PaidStaffOrManagementInd |
| Media Advertisements | 0 | MediaAdvertisementsInd |
| Mailings Members | 0 | MailingsMembersInd |
| Publications Or Broadcast | 0 | PublicationsOrBroadcastInd |
| Grants Other Organizations | 0 | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | Yes (1) | DirectContactLegislatorsInd |
| Direct Contact Legislators | $119,417 | DirectContactLegislatorsAmt |
| Rallies Demonstrations | 0 | RalliesDemonstrationsInd |
| Other Activities | 0 | OtherActivitiesInd |
| Total Lobbying Expenditures | $119,417 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | 0 | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II-B, LINE 1: | FormAndLineReferenceDesc |
| Explanation | THE COMPANY EMPLOYS A LOBBYIST IN TENNESSEE, CHARLES PERKINS, TO LOBBY FOR LEGISLATION THAT THE COMPANY WOULD LIKE TO HAVE ENACTED THAT WOULD DIRECTLY AFFECT THE REGULATION OF THE EDUCATIONAL INSTITUTIONS THE COMPANY OPERATES IN TENNESSEE. THIS LOBBYIST ALSO LOBBIES AGAINST LEGISLATION THAT WOULD IMPOSE REGULATIONS THAT ARE DETRIMENTAL TO THE EDUCATIONAL INSTITUTIONS THE COMPANY OPERATES IN TENNESSEE. COMPANY OFFICERS ALSO ENGAGE IN LOBBYING EFFORTS TO SUPPORT OR OPPOSE LEGISLATION THAT WOULD BE BENEFICIAL OR DETRIMENTAL TO THE EDUCATIONAL INSTITUTIONS THAT THE COMPANY OPERATES IN THE STATE WHERE THESE ACTIVITIES OCCUR. THE TIME SPENT BY OFFICERS OF THE COMPANY IN LOBBYING ACTIVITIES IS LESS THAN 5% OF THE HOURS WORKED BY THE OFFICERS OF THE COMPANY THAT ENGAGE IN THESE ACTIVITIES. THE TRAVEL EXPENSES INCURRED BY THE OFFICERS THAT ENGAGE IN THESE LOBBYING ACTIVITIES ARE PAID BY THE COMPANY. NO LOBBYING EFFORTS ARE UNDERTAKEN WITH RESPECT TO ANY LEGISLATION OR POLICIES THAT ARE NOT RELATED TO THE BUSINESS OF THE EDUCATIONAL INSTITUTION OPERATED BY THE COMPANY. THE COMPANY EMPLOYS THE ALSTON HUNT FLOYD LAW FIRM TO PERFORM LOBBYING ACTIVITIES ON BEHALF OF THE COMPANY IN HAWAII. ALSTON HUNT FLOYD WAS HIRED TO LOBBY FOR LEGISLATION THAT THE COMPANY WOULD LIKE TO HAVE ENACTED THAT WOULD DIRECTLY AFFECT THE REGULATION OF THE EDUCATIONAL INSTITUTIONS THE COMPANY OPERATES IN HAWAII. THIS LOBBYIST ALSO LOBBIES AGAINST LEGISLATION THAT WOULD IMPOSE REGULATIONS THAT ARE DETRIMENTAL TO THE EDUCATIONAL INSTITUTIONS THE COMPANY OPERATES IN HAWAII. THE PRIMARY LOBBYING EFFORTS PERFORMED IN THE PAST YEAR WERE RELATED TO LEGISLATION BEING ENACTED TO CREATE A NEW REGULATORY AGENCY THAT WOULD REGULATE THE EDUCATIONAL INSTITUTIONS THE COMPANY OPERATES IN HAWAII AND THE CONTENT OF THE REGULATIONS. THE COMPANY EMPLOYS THE LOCKE LORD LAW FIRM TO PERFORM LOBBYING ACTIVITIES ON BEHALF OF THE COMPANY IN TEXAS. LOCKE LORD WAS HIRED TO LOBBY FOR LEGISLATION THAT THE COMPANY WOULD LIKE TO HAVE ENACTED THAT WOULD DIRECTLY AFFECT THE REGULATION OF THE EDUCATIONAL INSTITUTIONS THE COMPANY OPERATES IN TEXAS. THIS LOBBYIST ALSO LOBBIES AGAINST LEGISLATION THAT WOULD IMPOSE REGULATIONS THAT ARE DETRIMENTAL TO THE EDUCATIONAL INSTITUTIONS THE COMPANY OPERATES IN TEXAS. THE PRIMARY LOBBYING EFFORTS PERFORMED IN THE PAST YEAR WERE RELATED TO THE ENACTMENT OF A STATUE THAT WOULD EXEMPT THE EDUCATIONAL INSTITUTIONS THE COMPANY OPERATES IN TEXAS FROM REGULATION BY THE TEXAS WORKFORCE COMMISSION IN COMPLIANCE WITH THE STATE AUTHORIZATION REGULATIONS OF THE UNITED STATES DEPARTMENT OF EDUCATION. | ExplanationTxt |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $286,600 | OtherCostOrOtherBasisAmt |
| Book Value | $286,600 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,146,520 | OtherCostOrOtherBasisAmt |
| Depreciation | $51,531 | DepreciationAmt |
| Book Value | $1,094,989 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,915,926 | OtherCostOrOtherBasisAmt |
| Depreciation | $207,429 | DepreciationAmt |
| Book Value | $1,708,497 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $17,538,140 | OtherCostOrOtherBasisAmt |
| Depreciation | $11,849,479 | DepreciationAmt |
| Book Value | $5,688,661 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $389,231 | OtherCostOrOtherBasisAmt |
| Depreciation | $283,570 | DepreciationAmt |
| Book Value | $105,661 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $8,884,408 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| NOTES PAYABLE - EAI | $136,329,110 |
| LONG TERM LINE OF CREDIT | $9,619,141 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $145,948,251 | TotalLiabilityAmt |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | 0 | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE E, PART I, LINE 3 | FormAndLineReferenceDesc |
| Explanation | THE POLICY IS PUBLISHED ON THE COMPANY'S WEB PAGE AND IN THE CATALOG GIVEN TO EACH INDIVIDUAL THAT ENROLLS TO ATTEND ANY CAMPUS OPERATED BY THE COMPANY, ANY INDIVIDUAL THAT IS A PROSPECTIVE STUDENT THAT INTERVIEWS WITH AN ADMISSION REPRESENTATIVE AT A CAMPUS AND TO PROSPECTIVE DISTANCE EDUCATION STUDENTS. CURRENTLY, THE POLICY IS ALSO DISCLOSED IN THE COMPANY'S ADVERTISING MATERIALS. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | SCHOLARSHIP | GrantTypeTxt |
| Recipient | 6049 | RecipientCnt |
| Cash Grant | $5,162,981 | CashGrantAmt |
| Valuation Method Used | VALUE OF CREDIT HOURS | ValuationMethodUsedDesc |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 2: | GRANTS TO INDIVIDUALS. THE SCHOLARSHIPS ARE AWARDED TO STUDENTS THAT ATTEND ONE OF THE COMPANY'S COLLEGES. THE FINANCIAL AID DEPARTMENT REVIEWS THE APPLICATIONS FOR THE SCHOLARSHIPS SUBMITTED BY STUDENTS OR PROSPECTIVE STUDENTS, COMPARES THE APPLICATIONS WITH THE WRITTEN ELIGIBILITY CRITERIA AND DETERMINES IF THE APPLICANT IS ELIGIBLE AND THEN APPROVES OR REJECTS AN APPLICATION. A WRITTEN RECORD OF THE APPROVALS AND THE AMOUNTS OF THE SCHOLARSHIPS IS MAINTAINED. THE ACCOUNTING AND FINANCIAL AID DEPARTMENTS ARE THEN NOTIFIED OF THE AMOUNT OF ANY SCHOLARSHIP AWARDED AND A PRO RATA PORTION OF THE SCHOLARSHIP IS CREDITED TO THE STUDENT'S ACCOUNT ON A MONTHLY BASIS. IF A STUDENT WITHDRAWS FROM THE COLLEGE, THE UNUSED PORTION OF THE SCHOLARSHIP IS CANCELLED. |
| SCHEDULE I, PART 1, LINE 2: |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Written Policy Ref T And E Expnss | 0 | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Severance Payment | Yes (1) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | Yes (1) | InitialContractExceptionInd |
| Rebuttable Presumption Proc | Yes (1) | RebuttablePresumptionProcInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (21 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JACK W FORREST | ||||||||||||||
| PRESIDENT AND CEO | $368,324 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $15,521 | $0 | $383,845 | $0 | $0 | $0 |
| A REID ALLISON | ||||||||||||||
| CHIEF OPERATING OFFICER | $295,478 | $0 | $0 | $0 | $0 | $0 | $3,125 | $0 | $8,519 | $0 | $307,122 | $0 | $0 | $0 |
| ROBERT LUTZ | ||||||||||||||
| SENIOR VP & ASST. SECRETAR | $281,141 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $8,261 | $0 | $289,402 | $0 | $0 | $0 |
| CHARLES R CAMP | ||||||||||||||
| SECRETARY & GENERAL COUNSE | $283,073 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $10,807 | $0 | $293,880 | $0 | $0 | $0 |
| DR P MICHAEL LANOUETTE | ||||||||||||||
| CHIEF ACADEMIC OFFICER | $282,978 | $0 | $0 | $0 | $0 | $0 | $692 | $0 | $8,519 | $0 | $292,189 | $0 | $0 | $0 |
| JONATHAN BAKER | ||||||||||||||
| VP-BUSINESS OPERATIONS | $156,937 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $8,059 | $0 | $164,996 | $0 | $0 | $0 |
| JEREMY HERTZ | ||||||||||||||
| VP-HUMAN RESOURCES | $143,904 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $8,250 | $0 | $152,154 | $0 | $0 | $0 |
| TODD ZVAIGZNE | ||||||||||||||
| REGIONAL VP OF OPERATIONS | $222,413 | $0 | $0 | $0 | $0 | $0 | $2,769 | $0 | $8,519 | $0 | $233,701 | $0 | $0 | $0 |
| DR HIRAM NALL | ||||||||||||||
| REGIONAL VP OF OPERATIONS | $227,805 | $0 | $0 | $0 | $0 | $0 | $2,769 | $0 | $5,444 | $0 | $236,018 | $0 | $0 | $0 |
| JAKE FROEMSDORF | ||||||||||||||
| CHIEF FINANCIAL OFFICER | $161,503 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $8,519 | $0 | $170,022 | $0 | $0 | $0 |
| GARY AZOTEA | ||||||||||||||
| CAMPUS PRESIDENT - CLEVELA | $148,882 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $8,519 | $0 | $157,401 | $0 | $0 | $0 |
| MICHAEL SMITH | ||||||||||||||
| CAMPUS PRESIDENT - BATON R | $151,814 | $0 | $0 | $0 | $0 | $0 | $928 | $0 | $6,156 | $0 | $158,898 | $0 | $0 | $0 |
| JERRY DRISKILL | ||||||||||||||
| CAMPUS PRESIDENT - SHREVEP | $151,382 | $0 | $0 | $0 | $0 | $0 | $1,500 | $0 | $8,519 | $0 | $161,401 | $0 | $0 | $0 |
| GREENIE W SKIP WALLS | ||||||||||||||
| CAMPUS PRESIDENT - DALLAS | $206,671 | $0 | $0 | $0 | $0 | $0 | $2,481 | $0 | $2,935 | $0 | $212,087 | $0 | $0 | $0 |
| DR LORI MORAN | ||||||||||||||
| CAMPUS PRESIDENT - MEMPHIS | $191,442 | $0 | $0 | $0 | $0 | $0 | $2,308 | $0 | $2,935 | $0 | $196,685 | $0 | $0 | $0 |
| STEPHEN BACKMAN | ||||||||||||||
| CAMPUS PRESIDENT - MOBILE | $157,470 | $0 | $0 | $0 | $0 | $0 | $1,904 | $0 | $178 | $0 | $159,552 | $0 | $0 | $0 |
| GREGORY FALCON | ||||||||||||||
| CAMPUS PRESIDENT - FORT WO | $171,433 | $0 | $0 | $0 | $0 | $0 | $2,135 | $0 | $5,532 | $0 | $179,100 | $0 | $0 | $0 |
| KENNETH HEINEMANN | ||||||||||||||
| CAMPUS PRESIDENT - TAMPA | $179,976 | $0 | $0 | $0 | $0 | $0 | $2,192 | $0 | $6,152 | $0 | $188,320 | $0 | $0 | $0 |
| DR KARIN POLIFKO | ||||||||||||||
| VICE PRESIDENT/CAMPUS PRESIDENT/DEAN | $243,269 | $0 | $0 | $0 | $0 | $0 | $2,885 | $0 | $0 | $0 | $246,154 | $0 | $0 | $0 |
| BRADLEY MOORE | ||||||||||||||
| VICE PRESIDENT OF HEALTH S | $164,615 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2,935 | $0 | $167,550 | $0 | $0 | $0 |
| J BONNELL | ||||||||||||||
| VP-INFORMATION TECHNOLOGY | $191,086 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $6,156 | $0 | $197,242 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1B | HOUSING ALLOWANCES ARE MADE BASED ON VERBAL AGREEMENTS. THE ORGANIZATION DOES NOT HAVE A WRITTEN POLICY REGARDING HOUSING ALLOWANCES. |
| PART I, LINE 3 | EMPLOYMENT CONTRACTS WERE ASSUMED AS PART OF THE PURCHASE AGREEMENT WITH EDUCATION AMERICA, INC. |
| PART I, LINE 8 | THE ASSET PURCHASE AGREEMENT BETWEEN THE COMPANY AND EDUCATION AMERICA, INC. SPECIFIED AS A BUYER CONDITION TO THE CLOSING OF THE TRANSACTION THAT CERTAIN INDIVIDUALS WOULD HAVE TO EXECUTE EMPLOYMENT AGREEMENTS. THE TERMS OF THE EMPLOYMENT AGREEMENTS WERE NEGOTIATED BY THE CEO OF THE COMPANY AT THAT TIME WHO HAS NEVER BEEN AN EMPLOYEE OF THE COMPANY AND CURRENTLY SERVES AS AN INDEPENDENT MEMBER OF THE COMPANY'S BOARD OF DIRECTORS WITHOUT COMPENSATION. NONE OF THE CURRENT OFFICERS OR KEY EMPLOYEES OF THE COMPANY WERE EMPLOYED BY THE COMPANY AT THE TIME THE EMPLOYMENT AGREEMENTS WERE NEGOTIATED OR EXECUTED. NONE OF THE MEMBERS OF THE BOARD OF DIRECTORS OF THE COMPANY AT THE TIME THE EMPLOYMENT AGREEMENTS WERE APPROVED RECEIVE ANY BENEFIT FROM THE EMPLOYMENT AGREEMENTS. |
Schedule L IRS990ScheduleL
Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp (2 entries)
| Relationship With OrgRelationshipWithOrgTxt | Cash GrantCashGrantAmt | Type Of AssistanceTypeOfAssistanceTxt | Assistance PurposeAssistancePurposeTxt |
|---|---|---|---|
| JACK FORREST | |||
| OFFICER | $7,002 | CASH | SCHOLARSHIP |
| CHARLES R CAMP | |||
| OFFICER | $4,564 | CASH | SCHOLARSHIP |
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (6 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| EAI REALTY INC | |||
| OFFICERS IN COMMON | $2,525,184 | RENT | 0 |
| REMINGTON COLLEGE - BCL INC | |||
| OFFICERS IN COMMON | $378,744 | RENT | 0 |
| JB INTERESTS LLC | |||
| OWNED BY JERALD BARNETT, JR. (DIRECTOR) | $490,668 | RENT | 0 |
| BARNETT DIVERSIFIED VENTURES | |||
| OWNED BY JERALD BARNETT, JR. (DIRECTOR) | $250,000 | CONSULTING FEES | 0 |
| JERALD M BARNETT | |||
| GRANTOR AND TRUST BENEFICIARY IS THE FATHER OF DIRECTOR JERALD BARNETT, JR. | $145,180 | RENT | 0 |
| REMINGTON ADMINISTRATIVE SERVICES INC | |||
| OFFICERS IN COMMON | $1,126,680 | RENT | 0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE L, PART III: | THE AMOUNTS DISCLOSED IN PART III OF SCHEDULE L REPRESENT THE VALUE OF THE SCHOLARSHIPS AWARDED TO FAMILY MEMBERS OF THE LISTED OFFICERS OF THE COMPANY THAT ATTENDED A COLLEGE OPERATED BY THE COMPANY. THE SCHOLARSHIPS WERE AWARDED PURSUANT TO THE COMPANY'S EMPLOYEE SCHOLARSHIP PROGRAM. THE DEPENDENT CHILDREN AND SPOUSES OF ELIGIBLE COMPANY EMPLOYEES MAY APPLY FOR SUCH SCHOLARSHIPS. THE SCHOLARSHIPS ARE AWARDED TO THE CHILD OR SPOUSE OF THE ELIGIBLE EMPLOYEE UPON APPROVAL OF THE SCHOLARSHIP APPLICATION. |
| SCHEDULE L, PART IV: | ALL OF THE TRANSACTIONS LISTED IN PART IV OF SCHEDULE L ARE A RESULT OF EITHER CONTRACTS THAT WERE ASSUMED WHEN THE COMPANY PURCHASED ASSETS PURSUANT TO THE ASSET PURCHASE AGREEMENT BETWEEN EDUCATION AMERICA, INC. AND THE COMPANY OR NEW CONTRACTS ENTERED INTO AT THE CLOSING OF THE ASSET PURCHASE. THE REAL ESTATE LEASES WERE FOR THE PROPERTIES THE COLLEGES PURCHASED BY THE COMPANY WERE OCCUPYING ON THE CLOSING DATE AND NEW LEASES WERE ENTERED TO FIX THE RENTAL AMOUNTS AND LEASE TERM FOR A PERIOD ACCEPTABLE TO THE COMPANY. THE LEASES WERE DETERMINED TO BE AT FAIR MARKET VALUE BY A THIRD PARTY VALUATION FIRM EMPLOYED BY THE COMPANY. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (13 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: | INTO, OR ADVANCEMENT WITHIN, THEIR CHOSEN CAREER FIELDS. TO ACCOMPLISH ITS MISSION, REMINGTON COLLEGE IS COMMITTED TO PROVIDING A LEARNING ENVIRONMENT IN WHICH LEARNING BY TRADITIONAL AND NON-TRADITIONAL STUDENTS IS FOCUSED BOTH ON CAREER SPECIFIC KNOWLEDGE AND SKILLS AND THE VALUE OF BROAD GENERAL EDUCATION. REMINGTON COLLEGE BELIEVES THAT AN EDUCATIONAL EXPERIENCE WHICH INCLUDES BOTH CAREER FOCUSED STUDIES AND BROAD GENERAL KNOWLEDGE CAN PROVIDE GRADUATES WITH A BALANCED PERSPECTIVE WHICH CAN LEAD TO A MORE FULFILLING LIFE. TO ACHIEVE ITS MISSION, REMINGTON COLLEGE RECRUITS AND MAINTAINS A CARING FACULTY WHOSE ACADEMIC QUALIFICATIONS ARE ENHANCED BY YEARS OF PROFESSIONAL EXPERIENCE IN THE WORKPLACE. REMINGTON'S FACULTY IS SUPPORTED BY AN ADMINISTRATION COMMITTED TO HELPING STUDENTS ACHIEVE THEIR GOAL OF STARTING OR ENHANCING THEIR CAREER. |
| FORM 990, PART IV, LINE 12A: | THE ORGANIZATION DID NOT RECEIVE AUDITED FINANCIAL STATEMENTS FOR THE TAX YEAR ENDED DECEMBER 31, 2013 BUT DID RECEIVE AUDITED FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED JUNE 30, 2013. THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE FISCAL YEAR AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE FISCAL YEAR AUDITED FINANCIALS ARE ISSUED ON A SEPARATE BASIS. |
| FORM 990, PART VI, SECTION A, LINE 1 | THE BOARD OF DIRECTORS APPOINTED A 3 MEMBER EXECUTIVE COMMITTEE ON APRIL 1, 2011 AND GRANTED THE EXECUTIVE COMMITTEE THE POWER AND AUTHORITY TO EXERCISE THE POWERS OF THE FULL BOARD OF DIRECTORS OF THE COMPANY TO THE EXTENT AUTHORIZED BY ARK CODE ANN 4-33-825. THE BOARD OF DIRECTORS APPOINTED A TWO MEMBER AUDIT COMMITTEE COMPRISED OF INDEPENDENT DIRECTORS ON APRIL 1, 2011 AND GRANTED THE AUDIT COMMITTEE THE POWER AND AUTHORITY TO EXERCISE THE POWERS OF THE FULL BOARD OF DIRECTORS OF THE COMPANY TO THE EXTENT AUTHORIZED BY ARK CODE ANN 4-33-825 AS TO THE SELECTION OF INDEPENDENT AUDITORS FOR FINANCIAL AND FINANCIAL AID AUDITS, CONSULTATION WITH AUDITORS AND REVIEW AND APPROVAL OF MONTHLY FINANCIAL STATEMENTS. THE BOARD OF DIRECTORS APPOINTED A 3 MEMBER COMPENSATION COMMITTEE COMPRISED OF NON-EMPLOYEE DIRECTORS ON APRIL 1, 2011 AND GRANTED THE EXECUTIVE COMMITTEE THE POWER AND AUTHORITY TO EXERCISE THE POWERS OF THE FULL BOARD OF DIRECTORS OF THE COMPANY TO THE EXTENT AUTHORIZED BY ARK CODE ANN 4-33-825 WITH RESPECT TO THE FIXING OF COMPENSATION FOR EXECUTIVE OFFICERS AND OTHER EMPLOYEES OF THE COMPANY. |
| FORM 990, PART VI, SECTION A, LINE 2 | BOARD MEMBERS WARREN STEPHENS, KEVIN WILCOX AND MARSHALL MCKISSACK ARE ALL EMPLOYED BY STEPHENS, INC., A PRIVATELY-HELD, INDEPENDENT FINANCIAL SERVICES FIRM. THE FOLLOWING ARE EITHER OFFICERS OR DIRECTORS OF THE COMPANY AND ARE ALSO SHAREHOLDERS AND EITHER A DIRECTOR OR OFFICER OF EDUCATION AMERICA, INC.: JERALD M. BARNETT, JR., JACK FORREST, BOB LUTZ, MIKE LANOUETTE, CHARLES R. CAMP, REID ALLISON JERALD M. BARNETT, JR., JACK FORREST AND CHARLES R. CAMP ARE ALL MEMBERS OF VIRATOX, LLC. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE SOLE MEMBER OF THE COLLEGE IS THE JACKSON T. STEPHENS CHARITABLE TRUST. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE ARTICLES OF INCORPORATION OF THE COMPANY PROVIDE THAT THE COMPANY SHALL HAVE A MEMBER. THE COMPANY'S BYLAWS PROVIDE THE MEMBER OF THE COMPANY, CURRENTLY THE JACKSON T. STEPHENS CHARITABLE TRUST, HAS THE POWER TO APPOINT A MAJORITY OF THE MEMBERS OF THE BOARD. THIS POWER ENSURES THAT ALL ACTIONS TAKEN BY THE BOARD WILL BE APPROVED BY DISINTERESTED MEMBERS, I.E. MEMBERS WITH NO PRIOR AFFILIATION WITH THE PREDECESSOR ORGANIZATION, EDUCATION AMERICA, INC. THE COMPANY'S BYLAWS ALSO PROVIDE THAT EDUCATION AMERICA, INC. HAS THE RIGHT TO APPOINT TWO OF THE COMPANY'S DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE ARKANSAS NONPROFIT CORPORATION ACT PROVIDES THAT THE MEMBER OF THE COMPANY MAY AMEND THE COMPANY'S ARTICLES OF INCORPORATION AND THAT THE APPROVAL OF THE MEMBER IS REQUIRED TO MAKE CERTAIN AMENDMENTS TO THE ARTICLES OF INCORPORATION. THE ARKANSAS NONPROFIT CORPORATION ACT PROVIDES THAT THE MEMBER OF THE COMPANY MUST APPROVE ANY MERGER OF THE COMPANY, ANY SALE OR OTHER DISPOSITION OF SUBSTANTIALLY ALL OF THE ASSETS OF THE COMPANY OR THE DISSOLUTION OF THE COMPANY. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE FORM 990 IS REVIEWED BY THE CONTROLLER, CHIEF FINANCIAL OFFICER, CHIEF OPERATING OFFICER, CHIEF EXECUTIVE OFFICER, SECRETARY/GENERAL COUNSEL AND IS MADE AVAILABLE TO THE DIRECTORS OF THE ORGANIZATION PRIOR TO BEING FILED. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE COMPANY HAS A POLICY THAT REQUIRES IMMEDIATE DISCLOSURE OF ANY CONFLICT OF INTEREST OR POTENTIAL CONFLICT OF INTEREST BY DIRECTORS, OFFICERS, MANAGERS AT THE TIME THE CONFLICT ARISES. THE COMPANY ALSO REQUIRES A CONFLICTS OF INTEREST DISCLOSURE STATEMENT TO BE COMPLETED ANNUALLY. THE BOARD HAS HAD CONFLICTS OF INTEREST PRESENTED TO THEM FOR CONSIDERATION AND APPROVED THE TERMS UPON WHICH THE CONFLICT WOULD BE RESOLVED OR DISALLOWED. THE CEO OF THE COMPANY HAS REVIEWED CONFLICTS PRESENTED TO HIM WHERE THE RESOLUTION WAS WITHIN HIS AUTHORITY IN ACCORDANCE WITH THE CONFLICTS OF INTEREST POLICY AND APPROVED THE TERMS UPON WHICH THE CONFLICT WOULD BE RESOLVED OR DISALLOWED. ALL CONFLICTS OF INTEREST THAT MIGHT INVOLVE A PRIVATE BENEFIT WERE ALSO REVIEWED IN ACCORDANCE WITH THE PRIVATE INUREMENT POLICY. CONTRACTS FOR GOODS AND SERVICES PURCHASED BY THE COMPANY ARE REVIEWED BY THE LEGAL DEPARTMENT AND ANY THAT MIGHT INVOLVE A CONFLICT OF INTEREST ARE REPORTED TO THE CEO IN ACCORDANCE WITH THE CONFLICTS OF INTEREST POLICY. |
| FORM 990, PART VI, SECTION B, LINE 15 | AT THE TIME THE COMPANY PURCHASED THE EDUCATIONAL INSTITUTIONS THAT IT OPERATES, THE CURRENT EXECUTIVE OFFICERS AND OTHER KEY EMPLOYEES OF THE COMPANY HAD EMPLOYMENT AGREEMENTS WITH THE SELLER WHICH FIXED THEIR COMPENSATION. THE COMPANY ASSUMED THESE EMPLOYMENT AGREEMENTS AS A PART OF THE PURCHASE TRANSACTION. THE CONTRACTS WERE REVIEWED BY THE COMPANY'S THEN CHIEF EXECUTIVE OFFICER, WHO WAS AN INDEPENDENT DIRECTOR OF THE COMPANY, AND ITS LEGAL COUNSEL AT THE TIME THE ASSET PURCHASE AGREEMENT WAS BEING NEGOTIATED. THEY DETERMINED THE EMPLOYMENT AGREEMENTS TO BE AT FAIR MARKET VALUE BASED UPON THE EXPERIENCE LEVELS OF THESE INDIVIDUALS AND IMPORTANCE TO THE OPERATIONS OF THE COMPANY IN THE FUTURE. |
| FORM 990, PART VI, SECTION C, LINE 19 | ALL DOCUMENTS ARE AVAILABLE UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | BAD DEBT EXPENSE -8,722,608. ACCRUED INTEREST EXPENSE 2,982,740. BOOK/TAX DIFFERENCE IN AMORTIZATION EXPENSE 9,315,207. TAX PENALTY -68. BOOK IMPAIRMENT OF INTANGIBLE -73,029,124. |
| FORM 990, PART XII, LINE 2B: | THE ORGANIZATION RECEIVED AUDITED FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED JUNE 30, 2013. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JACKSON T STEPHENS CHARITABLE TRUST | BusinessNameLine1 |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1701 CANTRELL RD | AddressLine1 |
| City | LITTLE ROCK | City |
| State | AR | State |
| ZIP Code | 72201 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 204545463 | EIN |
| Primary Activities | EDUCATIONAL SUPPORT | PrimaryActivitiesTxt |
| Legal Domicile State | AR | LegalDomicileStateCd |
| Exempt Code Section | 501(C)(3) | ExemptCodeSectionTxt |
| Public Charity Status | PRIVATE FOUNDATION | PublicCharityStatusTxt |
| Controlled Organization | 0 | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |