2013-04-09T19:39:25-05:00 2012-05-31 410746749 CLIFTONLARSONALLEN LLP 1715 NORTH WESTSHORE BLVD SUITE 950 TAMPA FL 33607 990 2011-06-01 590624401 FLORIDA SOUTHERN COLLEGE FLOR 8636804148 111 LAKE HOLLINGSWORTH DR LAKELAND FL 33801 V TERRY DENNIS 8636804148 2013-04-03 1 KAREN GRIES P00078514 8133842700 2011 2016-02-25 16:41:14Z DR ANNE B KERR 111 LAKE HOLLINGSWORTH DR LAKELAND FL 33801 113496049 0 X WWW.FLSOUTHERN.EDU X 1885 FL PRIVATE UNITED METHODIST AFFILIATED COLLEGE THAT IS COMMITTED TO EDUCATIONAL EXCELLENCE. 35 34 1413 84 45168 0 23339073 8079063 61870735 67889821 1182627 1483764 2781134 2466804 89173569 79919452 18835840 21328661 0 0 26065227 28251920 54069 57183 1398967 27911045 26172614 72866181 75810378 16307388 4109074 178900601 180563797 38867657 40512673 140032944 140051124 X FLORIDA SOUTHERN COLLEGE IS COMMITTED TO EDUCATIONAL EXCELLENCE AND IS A SELECTIVE COMPREHENSIVE, PRIVATE, UNITED METHODIST AFFILIATED COLLEGE WITH A STRONG LIBERAL ARTS CORE AND SIGNATURE PROGRAMS. (SEE SCHEDULE O) 0 0 63395483 21328661 67889821 FLORIDA SOUTHERN COLLEGE IS A PRIVATE, COMPREHENSIVE COLLEGE DEDICATED TO TEACHING EXCELLENCE IN 50 PROGRAMS OF STUDY FOR UNDERGRADUATE STUDENTS. THE COLLEGE IS ACCREDITED BY THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS COMMISSION ON COLLEGES. THE COLLEGE'S 2011 ENTERING FALL ENROLLMENT WAS THE FOURTH LARGEST IN OUR 125-YEAR HISTORY, AND WE HAD THE HIGHEST AVERAGE SAT SCORE OF ANY ENTERING CLASS. THE COLLEGE'S 1,987 FULLTIME UNDERGRADUATE STUDENTS COME FROM 48 STATES AND 37 COUNTRIES, WITH 78% OF THEM RESIDING IN CAMPUS HOUSING. MORE THAN 96% RECEIVE SOME FORM OF FINANCIAL ASSISTANCE, INCLUDING 33% WHO RECEIVE PELL GRANTS. (SEE SCHEDULE O) 63395483 1 1 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 0 1 0 1 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 1 1 1 0 0 0 0 1 0 0 0 0 1 138 0 1413 1 1 1 0 0 0 0 1 1 0 0 0 0 X 35 34 1 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 FL X V TERRY DENNIS 8636804148 111 LAKE HOLLINGSWORTH DR LAKELAND FL 33801 ROBERT L FRYER JR 10.00 X X 0 0 0 RICHARD T FULTON 1.00 X X 0 0 0 ROBERT E PUTERBAUGH 1.00 X X 0 0 0 MARCENE CHRISTOVERSEN 1.00 X X 0 0 0 HOYT ROBINSON BARNETT 1.00 X X 0 0 0 ROBERT J ADAMS 1.00 X 0 0 0 RALPH C ALLEN 1.00 X 0 0 0 SUSAN E BAXA 1.00 X 0 0 0 J STEPHEN BUCK 1.00 X 0 0 0 BISHOP KENNETH H CARTER JR 1.00 X 0 0 0 ANN EDWARDS 1.00 X 0 0 0 BISHOP ROBERT E FANNIN 1.00 X 0 0 0 W RUSSELL GRAVES 1.00 X 0 0 0 ANN H HANSEN 1.00 X 0 0 0 JEFFREY K HEARN 1.00 X 0 0 0 M CLAYTON HOLLIS JR 1.00 X 0 0 0 GENERAL DONALD L KERRICK 1.00 X 0 0 0 SHARON K LUTHER 1.00 X 0 0 0 REVEREND W DAVID MCENTIRE 1.00 X 0 0 0 SARAH D MCKAY 1.00 X 0 0 0 EDWIN MCMULLEN 1.00 X 0 0 0 EDWARD L MYRICK 1.00 X 0 0 0 MAIDA BADCOCK POU 1.00 X 0 0 0 DANIEL R RICHEY 1.00 X 0 0 0 MARJORIE H ROBERTS 1.00 X 0 0 0 JOHN A RODDA 1.00 X 0 0 0 GEORGE W ROGERS 1.00 X 0 0 0 ARTHUR J ROWBOTHAM 1.00 X 0 0 0 JOE P RUTHVEN 1.00 X 0 0 0 LOUIS S SACO 1.00 X 0 0 0 HONORABLE E J SALCINES 1.00 X 0 0 0 RAY L SANDHAGEN 1.00 X 0 0 0 ROBERT W SCHARAR 1.00 X 0 0 0 ROBERT R SHARP 1.00 X 0 0 0 EVETT L SIMMONS 1.00 X 0 0 0 G BARRY SKITSKO 1.00 X 0 0 0 HAROLD M SMELTZLY 1.00 X 0 0 0 ROBERT S TRINKLE 1.00 X 0 0 0 BISHOP TIMOTHY W WHITAKER 1.00 X 0 0 0 R HOWARD WIGGS 1.00 X 0 0 0 ANNE B KERR 75.00 X 279565 0 49635 V TERRY DENNIS 55.00 X 166736 0 27119 KYLE FEDLER 50.00 X 76323 0 19829 JOHN GRUNDIG 50.00 X 99939 0 23154 ROBERT H TATE 40.00 X 124776 0 21101 MATTHEW R THOMPSON 45.00 X 126917 0 33539 WILLIAM L RHEY 40.00 X 168416 0 20591 JOHN M WELTON 40.00 X 186133 0 34196 JAMES T BYRD 40.00 X 111113 0 33731 MARTHA LYNN CLEMENTS 40.00 X 109806 0 18600 WILLIAM C QUILLIAM 40.00 X 113109 0 7941 1562833 0 289436 10 0 1 0 GUEST SERVICES INC PO BOX 931841 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COLLEGE'S COLLECTION REPRESENTS AN ACCRETION OF GIFTS ACROSS MANY DECADES. THE OLDEST WORK DATES FROM THE 16TH CENTURY. THE COLLEGE HAS SEVERAL 18TH AND 19TH CENTURY WORKS, HOWEVER, THE MAJORITY OF THE COLLECTION CONSISTS OF WORKS FROM THE 20TH AND NOW THE 21ST CENTURIES. THE COLLEGE'S USE OF THE COLLECTION IS FOR TEACHING AND AESTHETIC EDUCATIONAL DISPLAY. THE COLLECTION SUPPORTS THE MISSION OF THE DEPARTMENT OF ART & ART HISTORY. THE COLLEGE'S CAMPUS CONTAINS THE LARGEST SINGLE SITE COLLECTION OF FRANK LLOYD WRIGHT STRUCTURES IN THE WORLD AND IS THE ONLY COLLEGE CAMPUS DESIGNED BY THE MASTER ARCHITECT. THE WRIGHT-DESIGNED BUILDINGS ON THE COLLEGE'S CAMPUS HAVE BEEN INCLUDED ON THE WORLD MONUMENT FUND'S LIST OF 100 MOST ENDANGERED SITES IN THE WORLD. THE INTERNATIONAL IMPORTANCE OF THE COLLEGE'S WRIGHT ARCHITECTURE AND PRESERVATION EFFORTS HAS RESULTED IN A NUMBER OF GRANTS TO ASSIST IN THESE EFFORTS. PART IV, LINE 2B: THE COLLEGE HOLDS AGENCY FUNDS AND ADMINISTERS THE FUNDS FOR VARIOUS CAMPUS GROUPS. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE COLLEGE'S ENDOWMENT FUNDS ARE MAINTAINED TO PROVIDE A PREDICTABLE STREAM OF INCOME TO FUND PROGRAMS THAT ARE SUPPORTED BY THE ENDOWMENT. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE COLLEGE ADOPTED GUIDANCE ISSUED BY FASB WITH RESPECT TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AS OF JANUARY 1, 2007. A TAX POSITION IS RECOGNIZED AS A BENEFIT ONLY IF IT IS "MORE LIKELY THAN NOT" THAT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF THE TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE "MORE LIKELY THAN NOT" TEST, NO TAX BENEFIT IS RECORDED. THE ADOPTION IN THE PRIOR YEAR HAD NO EFFECT ON THE COLLEGE'S FINANCIAL STATEMENTS. THE COLLEGE IS NO LONGER SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR YEARS BEFORE MAY 31, 2008. THE COLLEGE DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFIT TO SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. THE COLLEGE RECOGNIZES INTEREST AND/OR PENALTIES RELATED TO INCOME TAX MATTERS IN INCOME TAX EXPENSE. THE COLLEGE DID NOT HAVE ANY AMOUNT ACCRUED FOR INTEREST AND PENALTIES AT MAY 31, 2012 AND 2011. PART XI, LINE 8 - OTHER ADJUSTMENTS: ACTUARIAL CHANGE IN ANNUITY OBLIGATIONS 58,842. ACTUARIAL CHANGE IN POSTRETIREMENT BENEFIT PLAN OBLIGATION -183,019. TOTAL TO SCHEDULE D, PART XI, LINE 8: -124,177. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 25,779. SPECIAL EVENT EXPENSES 96,589. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID AND SCHOLARSHIPS 17,070,279. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 25,779. SPECIAL EVENT EXPENSES 96,589. PART XIII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID AND SCHOLARSHIPS 17,070,279. PAYMENT TO ANNUITY BENEFICIARIES 363,400. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE COLLEGE'S NON-DISCRIMINATORY POLICY IS INCLUDED IN THE COLLEGE CATALOG, EMPLOYEE HANDBOOK AND WEBSITE. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES FINANCIAL AID FROM FEDERAL AND STATE GOVERNMENTAL AGENCIES. EUROPE (INCLUDING ICELAND & GREENLAND) - 0 0 PROGRAM SERVICES STUDY ABROAD 416773 EAST ASIA AND THE PACIFIC - 0 0 PROGRAM SERVICES STUDY ABROAD 25266 CENTRAL AMERICA AND THE CARIBBEAN - 0 0 PROGRAM SERVICES STUDY ABROAD 97391 SUB-SAHARAN AFRICA - ANGOLA, 0 0 PROGRAM SERVICES STUDY ABROAD 11362 SOUTH AMERICA - ARGENTINA, BOLIVIA, 0 0 PROGRAM SERVICES STUDY ABROAD 1902 0 0 0 0 0 0 552694 0 552694 0 0 0 0 0 0 X X X X X X X 1 RUFFALO CODY & ASSOCIATES INC PO BOX 3018 CEDAR RAPIDS IA 524063018 FUNDRAISING 0 77753 57183 20570 77753 57183 20570 FL GOLF TOURNAMENT 59860 36200 23660 11025 9820 13353 GOLF TOURNAMENT 41920 31570 10350 12921 3400 3 99018 50010 49008 1000 10250 22151 12669 200798 117780 83018 1000 21275 44892 29422 96589 -13571 1 TUITION DISCOUNTS/CREDITS 1963 17070279 0 N/A N/A SCHOLARSHIPS 403 4258382 0 N/A N/A PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: GRANTS ARE APPLIED DIRECTLY TO STUDENT ACCOUNTS. THE COLLEGE MONITORS STUDENT TUITION ACCOUNTS FOR ANY STUDENT WHO RECEIVED A SCHOLARSHIP OR TUITION CREDIT. THE BURSAR'S OFFICE AND THE REGISTRAR'S OFFICE ENSURE THAT STUDENTS WHO RECEIVE SCHOLARSHIPS OR TUITION CREDITS MAINTAIN FULL-TIME OR PART-TIME STUDENT STATUS, AS REQUIRED BY THE AWARDED SCHOLARSHIP, SO THAT THE FUNDS ARE USED FOR THEIR INTENDED PURPOSE. X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 ANNE B KERR 279565 0 0 0 0 0 28678 0 20957 0 329200 0 0 0 V TERRY DENNIS 166736 0 0 0 0 0 16998 0 10121 0 193855 0 0 0 MATTHEW R THOMPSON 126917 0 0 0 0 0 11786 0 21753 0 160456 0 0 0 WILLIAM L RHEY 168416 0 0 0 0 0 11900 0 8691 0 189007 0 0 0 JOHN M WELTON 186133 0 0 0 0 0 12833 0 21363 0 220329 0 0 0 PART I, LINE 3 THE COLLEGE PRESIDENT, ANNE B. KERR, IS PROVIDED A RESIDENCE ON THE CAMPUS OF THE COLLEGE. THE VALUE OF HOUSING PROVIDED IS EXCLUDED FROM THE DETERMINATION OF TAXABLE COMPENSATION UNDER SECTION 119 OF THE INTERNAL REVENUE CODE BECAUSE: 1) THE LODGING IS FURNISHED ON THE BUSINESS PREMISES OF THE COLLEGE; 2) THE LODGING IS FURNISHED AT THE CONVENIENCE OF THE EMPLOYER (THE RESPONSIBILITIES OF THE PRESIDENT REQUIRE HER PRESENCE ON CAMPUS. THE PRESIDENT HOLDS MANY FACULTY AND STUDENT MEETINGS AT HER RESIDENCE; AND 3) THE EMPLOYEE IS REQUIRED TO ACCEPT SUCH LODGING AS A CONDITION OF HER EMPLOYMENT. THE PRESIDENT'S ESTIMATED FAIR MARKET VALUE OF THE HOUSING PROVIDED IS $31,500 PER YEAR AND IS NOT INCLUDED IN TAXABLE COMPENSATION. THE COLLEGE PAYS DUES AT A SOCIAL CLUB FOR THE COLLEGE PRESIDENT, ANNE B. KERR, THE VICE PRESIDENT OF EXTERNAL RELATIONS, ROBERT H. TATE, AND THE VICE PRESIDENT OF ADVANCEMENT, MATTHEW R. THOMPSON. THIS BENEFIT IS NOT TREATED AS TAXABLE COMPENSATION TO THE INDIVIDUALS BECAUSE CLUB USE IS LIMITED TO BUSINESS PURPOSES. HOUSEKEEPING SERVICES ARE PROVIDED FOR THE PRESIDENT'S RESIDENCE AS IT IS USED FOR COLLEGE EVENTS. THIS BENEFIT IS NOT TREATED AS TAXABLE COMPENSATION TO THE INDIVIDUAL. RODDA CONSTRUCTION JOHN RODDA OWNS RODDA CONSTRUCTION 1540220 CONSTRUCTION SERVICES 0 LYNN DENNIS FAMILY MEMBER OF V. TERRY DENNIS, VP FINANCE & ADMINISTRATION 62600 EMPLOYMENT COMPENSATION 0 X 15 VALUED AT $1 EACH X 3 VALUED AT $1 EACH X 4 116224 STOCK MARKET VALUE X VARIOUS ITEMS 41 31530 COST X FURNITURE 1 960 COST 1 0 1 0 CONTINUATION OF ORGANIZATION'S MISSION FORM 990, PART III, LINE 1 THE COLLEGE ENROLLS A TALENTED STUDENT BODY AND INCLUDES AN ACCOMPLISHED FACULTY WHO ARE DEDICATED TO TEACHING EXCELLENCE. OUTSTANDING OPPORTUNITIES FOR ENGAGED LEARNING, STUDENT-FACULTY COLLABORATIVE RESEARCH AND PERFORMANCE, SERVICE LEARNING, STUDY ABROAD, AND HONORS STUDY ARE DISTINCTIVE FEATURES OF THE ACADEMIC PROGRAM AT FLORIDA SOUTHERN. THE COLLEGE OFFERS EXCEPTIONAL STUDENT LIFE PROGRAMS, INCLUDING A CHAMPIONSHIP ATHLETIC PROGRAM. CONTINUATION OF PROGRAM SERVICES ACCOMPLISHMENT ONE FORM 990, PART III, LINE 4A FLORIDA SOUTHERN IS NATIONALLY RECOGNIZED FOR ITS ENGAGED LEARNING FORMAT WHERE STUDENTS ARE CHALLENGED TO APPLY KNOWLEDGE THEY ACQUIRE IN THEIR CLASSES IN REAL-WORLD SITUATIONS. WE ARE PROUD OF THE QUALITY OF OUR STUDENT-FACULTY COLLABORATIVE RESEARCH, STUDENT MUSICAL PERFORMANCES, SERVICE LEARNING, CIVIC ENGAGEMENT, INTERNSHIPS, PRACTICALLY PROJECTS, AND STUDY-ABROAD OPPORTUNITIES, ALL OF WHICH SUPPORT THE ENGAGED LEARNING PEDAGOGY. STUDENTS ARE TAUGHT BY DYNAMIC PROFESSORS, INCLUDING 111 FULL-TIME FACULTY THAT RESULTS IN A 18:1 STUDENT-FACULTY RATIO. THE FACULTY HAVE OUTSTANDING CREDENTIALS, WITH 80% WHO HAVE EARNED THEIR TERMINAL DEGREE IN THEIR FIELD OF EXPERTISE. FLORIDA SOUTHERN ALSO EMPHASIZES WHOLE-STUDENT DEVELOPMENT AND HAS A VIBRANT EXTRA-CURRICULAR AGENDA THAT SUPPORTS BOTH CLASSROOM AND OUT-OF-CLASSROOM PERSONAL GROWTH EXPERIENCES. A WELL-TRAINED STAFF OF PROFESSIONALS LEAD THESE ACTIVITIES THAT FOSTER NOT ONLY ACADEMIC, BUT ALSO PHYSICAL, SPIRITUAL, AND SOCIAL DEVELOPMENT. FLORIDA SOUTHERN IS RANKED #2 OF BEST BACCALAUREATE COLLEGES IN THE SOUTH BY U.S. NEWS & WORLD REPORT; IS RANKED AS THE #1 "MOST BEAUTIFUL CAMPUS" IN THE NATION AND ONCE AGAIN HONORED AS ONE OF THE COUNTRY'S BEST INSTITUTIONS FOR UNDERGRADUATE EDUCATION BY THE PRINCETON REVIEW. FLORIDA SOUTHERN IS RANKED IN THE TOP 10 BEST BACCALAUREATE COLLEGES IN THE SOUTH BY U.S. NEWS & WORLD REPORT; IT IS INCLUDED IN THE PRINCETON'S REVIEW'S BEST 371 COLLEGES AND UNIVERSITIES; IS INCLUDED AS A BEST VALUE IN THE PRESTIGIOUS FISKE GUIDE TO COLLEGES; AND IS LISTED BY BARRON'S AS A BEST BUY INSTITUTION. THE COLLEGE'S 110 ACRE CAMPUS INCLUDES ACADEMIC BUILDINGS, RESIDENCE HALLS, ATHLETIC FACILITIES, STUDENT LIFE ACTIVITY SPACES, ADMINISTRATIVE OFFICES, AND STUDENT SUPPORT LEARNING SPACES, A PERFORMING ARTS CENTER, OTHER AUDITORIA FOR BOTH MUSICAL AND ALL-COLLEGE PROGRAMS, CHAPELS FOR CAMPUS MINISTRIES, AND MAINTENANCE AND WORKSHOP FACILITIES. FORM 990, PART VI, SECTION A, LINE 2 M. CLAYTON HOLLIS, JR. AND MARJORIE H. ROBERTS - FAMILY RELATIONSHIP; J. STEPHEN BUCK AND SARAH D. MCKAY - FAMILY RELATIONSHIP; M. CLAYTON HOLLIS, JR. AND HOYT ROBINSON BARNETT - BUSINESS RELATIONSHIP FORM 990, PART VI, SECTION A, LINE 6 FLORIDA SOUTHERN COLLEGE HAS ONE MEMBER, WHICH IS THE FLORIDA CONFERENCE OF THE UNITED METHODIST CHURCH. THE FLORIDA CONFERENCE OF THE UNITED METHODIST CHURCH HAS THE RIGHT TO ELECT UP TO THIRTY-SEVEN TRUSTEES TO THE BOARD. IN ADDITION, ANY CHANGE TO THE COLLEGE'S CHARTER MUST BE APPROVED BY THE FLORIDA CONFERENCE OF THE UNITED METHODIST CHURCH. FORM 990, PART VI, SECTION A, LINE 7A THE SOLE MEMBER OF THE COLLEGE MAY ELECT UP TO THIRTY-SEVEN TRUSTEES TO THE BOARD FOR A TERM OF THREE YEARS EACH. TWO POSITIONS ON THE BOARD ARE HELD BY INDIVIDUALS BASED ON THEIR POSITIONS WITHIN OTHER ORGANIZATIONS. THE BISHOP AND THE LAY LEADER OF THE FLORIDA CONFERENCE OF THE UNITED METHODIST CHURCH ARE MEMBERS OF THE COLLEGE'S BOARD. THE PRESIDENT OF THE COLLEGE'S ALUMNI ASSOCIATION IS A MEMBER OF THE COLLEGE'S BOARD. FORM 990, PART VI, SECTION A, LINE 7B ANY AMENDMENT TO THE COLLEGE'S CHARTER MUST BE APPROVED BY THE FLORIDA CONFERENCE OF THE UNITED METHODIST CHURCH. FORM 990, PART VI, SECTION B, LINE 11 THE AUDIT COMMITTEE REVIEWS THE FORM 990 IN DETAIL. FOLLOWING THEIR REVIEW, A PUBLIC INSPECTION COPY OF THE FORM 990 IS DISTRIBUTED TO EACH MEMBER OF THE BOARD BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C PRIOR TO TAKING A POSITION ON THE BOARD, EACH MEMBER MUST SUBMIT IN WRITING TO THE PRESIDENT AND CHAIRMAN OF THE BOARD A LIST OF ALL BUSINESSES OR OTHER ORGANIZATIONS THAT MAY BECOME CONFLICTS OF INTEREST. EACH WRITTEN STATEMENT IS RESUBMITTED WITH ANY NECESSARY CHANGES EACH YEAR. IN CONJUNCTION WITH A SIGNED CONFLICT OF INTEREST QUESTIONNAIRE, THE AUDIT COMMITTEE REVIEWS THE CONFLICT OF INTEREST STATEMENTS OF ALL BOARD MEMBERS, AND ANY POTENTIAL CONFLICTS ARE EXPLORED THOROUGHLY. THE AUDIT COMMITTEE ALSO REVIEWS THE CONFLICT OF INTEREST STATEMENTS FILED BY THE PRESIDENT, THE OFFICERS OF THE COLLEGE, AND OTHER MANAGEMENT STAFF. ANY POTENTIAL CONFLICTS ARE DISCUSSED WITH THE AUDIT COMMITTEE, WHO WOULD DETERMINE WHAT LEVEL OF CONFLICT EXISTS AND IF ANY ACTION IS REQUIRED. IF ANY CONFLICTS OF INTEREST EXIST, THE AFFECTED BOARD MEMBER SHALL MAKE KNOWN THE POTENTIAL CONFLICT AND SHALL WITHDRAW FROM THE MEETING FOR SO LONG AS THE MATTER SHALL CONTINUE UNDER DISCUSSION. SHOULD THE MATTER BE BROUGHT TO A VOTE, THE AFFECTED BOARD MEMBER SHALL ABSTAIN FROM VOTING. FORM 990, PART VI, SECTION B, LINE 15 THE COLLEGE MAINTAINS A COMPENSATION COMMITTEE COMPRISED OF INDEPENDENT MEMBERS OF THE BOARD OF TRUSTEES THAT REVIEWS AND RECOMMENDS THE COMPENSATION PACKAGE FOR THE COLLEGE PRESIDENT. THE RECOMMENDEATION IS VOTED UPON BY THE FULL BOARD. THE COMPENSATION COMMITTEE USES COMPARABILITY DATA TO ENSURE THE COMPENSATION OF THE PRESIDENT IS REASONABLE. THE DECISION OF THE COMMITTEE AND THE BOARD IS DOCUMENTED IN THE MEETING MINUTES. THIS PROCESS IS UNDERTAKEN ON AN ANNUAL BASIS AND WAS LAST COMPLETED IN 2012 FOR THE PRESIDENT, DR. ANNE B. KERR. THE COLLEGE PRESIDENT USES COMPARABILITY DATA TO REVIEW AND RECOMMEND COMPENSATION FOR THE OTHER OFFICERS AND KEY EMPLOYEES. THE SALARIES ARE REVIEWED AND APPROVED BY THE CHAIRMAN OF THE BOARD OF TRUSTEES. THE DECISIONS ARE DOCUMENTED BY THE PRESIDENT AND BOARD CHAIRMAN. THIS PROCESS IS UNDERTAKEN ON AN ANNUAL BASIS AND WAS LAST COMPLETED IN 2012 FOR THE FOLLOWING POSITIONS: VP FINANCE & ADMINISTRATION, V. TERRY DENNIS; VP ENROLLMENT MANAGEMENT, JOHN GRUNDIG; VP EXTERNAL RELATIONS, ROBERT H. TATE; VP ADVANCEMENT, MATTHEW R. THOMPSON; AND PROVOST, KYLE FEDLER. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, NOR THE FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AT THIS TIME PURSUANT TO INTERNAL REVENUE CODE SECTION 6104. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -3,966,717. ACTUARIAL CHANGE IN ANNUITY OBLIGATIONS 58,842. ACTUARIAL CHANGE IN POSTRETIREMENT BENEFIT PLAN OBLIGATION -183,019. TOTAL TO FORM 990, PART XI, LINE 5: -4,090,894. FLORIDA CONFERENCE OF THE UNITED METHODIST CHURCH 1140 E MCDONALD ST LAKELAND FL 33801 590904361 SUPPORT FL 501(C)(3) LINE 1 N/A 0 FLORIDA UNITED METHODIST FOUNDATION INC PO BOX 3549 LAKELAND FL 33802 591148701 INVESTMENT MANAGEMENT FL 501(C)(3) LINE 11C, III-FI FLORIDA CONFERENCE OF THE UNITED METHODIST CHURCH 0 CHARITABLE REMAINDER UNITRUST (10) 111 LAKE HOLLINGSWORTH DR LAKELAND FL 33801 INVESTMENT FL N/A T POOLED TRUSTS (3) 111 LAKE HOLLINGSWORTH DR LAKELAND FL 33801 INVESTMENT FL N/A T 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0