SOUTHERN COLLEGE OF OPTOMETRY: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- SOUTHERN COLLEGE OF OPTOMETRY (EIN 62-0548917)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2013-10-21
- IRS object ID
- 201332949349300533
- Schema version
- 2012v2.1
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-10-21T13:39:37-05:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 621804252 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WATKINS UIBERALL PLLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1661 AARON BRENNER DR STE 300 | AddressLine1 |
| City | MEMPHIS | City |
| State | TN | State |
| ZIP Code | 38120 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 620548917 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SOUTHERN COLLEGE OF OPTOMETRY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | SOUT | NameControl |
| Phone | 9017223200 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1245 MADISON AVE | AddressLine1 |
| City | MEMPHIS | City |
| State | TN | State |
| ZIP Code | 38104 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DR RICHARD PHILLIPS | Name |
| Title | PRESIDENT | Title |
| Phone | 9017223200 | Phone |
| Date Signed | 2013-10-16 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JEFF THOMASON | Name |
| PTIN | P00976026 | PTIN |
| Phone | 9017612720 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | DR RICHARD PHILLIPS | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1245 MADISON AVE | AddressLine1 |
| City | MEMPHIS | City |
| State | TN | State |
| ZIP Code | 38104 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 25063916 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.SCO.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1932 | YearFormation |
| State Legal Domicile | TN | StateLegalDomicile |
| Activity Or Mission Description | THE ORGANIZATION OPERATES A SCHOOL OF OPTOMETRY AND CLINIC. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 16 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 16 | NbrIndependentVotingMembers |
| Total Nbr Employees | 418 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 2581936 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 3074893 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 18262869 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 19685555 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 743305 | InvestmentIncomePriorYear |
| Investment Income Current Year | 622162 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | -522300 | OtherRevenuePriorYear |
| Other Revenue Current Year | -436269 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 21065810 | TotalRevenuePriorYear |
| Total Revenue Current Year | 22946341 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 14847196 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 15719793 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 598573 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 6497006 | OtherExpensePriorYear |
| Other Expenses Current Year | 6689851 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 21344202 | TotalExpensesPriorYear |
| Total Expenses Current Year | 22409644 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -278392 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 536697 | RevenuesLessExpensesCY |
| Total Assets BOY | 86734866 | TotalAssetsBOY |
| Total Assets EOY | 96200672 | TotalAssetsEOY |
| Total Liabilities BOY | 21163687 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 25747269 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 65571179 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 70453403 | NetAssetsOrFundBalancesEOY |
| Mission Description | TO LEAD THE PROFESSION BY: EDUCATING THE BEST POSSIBLE HEALTHCARE PROVIDERS, PROMOTING LIFELONG LEARNING, AND FOSTERING A PERSONAL COMMITMENT TO SERVICE. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 9450575 | Expense |
| Revenue | 18898809 | Revenue |
| Description | SCHOOL OF OPTOMETRY, CLINIC, EDUCATIONAL PROCESS AND STUDENT TRAINING. | Description |
| Total Program Service Expense | 9450575 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 40 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 418 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 16 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 16 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | TN | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DAVID WEST | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 9017223200 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1245 MADISON AVENUE | AddressLine1 |
| City | MEMPHIS | City |
| State | TN | State |
| ZIP Code | 38104 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (28 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| JARRETT JOHNSON OD | |||||||
| CHAIR | 1.00 | X | X | 0 | 0 | 0 | |
| EUGENE BANE OD | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| DOUGLAS CLARK OD | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| JAMES B JALENAK | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| BRIAN JONES | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| CHRISTOPHER B KING OD | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MARTHA ROSEMORE MORROW OD | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| SHARON BERGER-MOSCOW OD | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| RICHARD L POWELL OD | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| STEVEN T REED OD | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| JAMES D SANDEFUR OD | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| CARLA D SANDERSON | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| ROBERT W SMALLING OD | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| AL SPIVEY III OD | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| LETICIA W TOWNS FACHE | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| CHRISTIE UPSHAW TRAVIS | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| DR RICHARD PHILLIPS | |||||||
| PRESIDENT | 35.00 | X | 324685 | 0 | 55206 | ||
| DAVID WEST | |||||||
| V.P. FOR FINANCE & ADMIN | 35.00 | X | 165347 | 0 | 42460 | ||
| DR LEWIS REICH | |||||||
| VICE PRESIDENT | 35.00 | X | 211417 | 0 | 46923 | ||
| DR KRISTEN ANDERSON | |||||||
| VICE PRESIDENT | 40.00 | X | 167536 | 0 | 19509 | ||
| JOE HAUSER | |||||||
| SECRETARY/TREASURER | 35.00 | X | 142151 | 0 | 39175 | ||
| DR JAMES VENABLE | |||||||
| VICE PRESIDENT | 40.00 | X | 161355 | 0 | 33829 | ||
| ANN FIELDS | |||||||
| V.P. OF HUMAN RESOURCES | 35.00 | X | 121518 | 0 | 36166 | ||
| JAMES NEWMAN OD | |||||||
| FACULTY | 40.00 | 150228 | 0 | 29612 | X | ||
| JOHN CAMPBELL OD | |||||||
| FACULTY | 40.00 | 149231 | 0 | 33751 | X | ||
| GLEN STEEL OD | |||||||
| FACULTY | 40.00 | 143496 | 0 | 32332 | X | ||
| WILLIAM EDMONDSON OD | |||||||
| FACULTY | 40.00 | 141600 | 0 | 31869 | X | ||
| CHRIS LIEVENS OD | |||||||
| FACULTY | 40.00 | 133813 | 0 | 39237 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 2012377 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 440069 | TotalOtherCompensation |
| Number Individuals GT100 K | 31 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (3 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| LINKOUS CONSTRUCTION | |||||
| 1661 AARON BRENNER DRSUITE 207 | MEMPHIS | TN | 38120 | CONSTRUCTION CONTRACTING | 1084254 |
| IMPERIAL SECURITY | |||||
| 2555 POPLAR AVE | MEMPHIS | TN | 38112 | SECURITY | 185225 |
| ABM JANITORIAL | |||||
| 4181 SENATOR ST | MEMPHIS | TN | 38118 | JANITORIAL | 118645 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 3 | NumberOfContractorsGT100K |
| Government Grants | 1284918 | GovernmentGrants |
| All Other Contributions | 1789975 | AllOtherContributions |
| Total Contributions | 3074893 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION AND FEES | 541900 | 14127945 | 14127945 |
| EDUCATIONAL DEPT | 541900 | 5205806 | 5205806 |
| STUDENT LOAN INTEREST REVENUE | 541900 | 351804 | 351804 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 19685555 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 860990 | TotalRevenueColumn |
| Exclusion | $860,990 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 229692 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 0 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 229692 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 229692 | TotalRevenueColumn |
| Exclusion | $229,692 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 5200 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 244028 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -238828 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -238828 | TotalRevenueColumn |
| Related Or Exempt Function Income | -238828 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 1207586 | GrossSalesOfInventory |
| Cost Of Goods Sold | 1873547 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -665961 | TotalRevenueColumn |
| Related Or Exempt Function Income | -665961 | RelatedOrExemptFunctionIncome |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 22946341 | TotalRevenueColumn |
| Related Or Exempt Function Income | 18780766 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $1,090,682 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1294009 | Total |
| Program Services | 613990 | ProgramServices |
| Management And General | 507945 | ManagementAndGeneral |
| Fundraising | 172074 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10792472 | Total |
| Program Services | 5177561 | ProgramServices |
| Management And General | 5507787 | ManagementAndGeneral |
| Fundraising | 107124 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2779053 | Total |
| Program Services | 1331655 | ProgramServices |
| Management And General | 1386393 | ManagementAndGeneral |
| Fundraising | 61005 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 854259 | Total |
| Program Services | 409340 | ProgramServices |
| Management And General | 426166 | ManagementAndGeneral |
| Fundraising | 18753 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 39260 | Total |
| Management And General | 39260 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 47093 | Total |
| Management And General | 47093 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 52292 | Total |
| Management And General | 52292 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 166060 | Total |
| Management And General | 161076 | ManagementAndGeneral |
| Fundraising | 4984 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 572544 | Total |
| Management And General | 561999 | ManagementAndGeneral |
| Fundraising | 10545 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 740118 | Total |
| Management And General | 740118 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 444462 | Total |
| Management And General | 393991 | ManagementAndGeneral |
| Fundraising | 50471 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 260399 | Total |
| Management And General | 260399 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1147599 | Total |
| Management And General | 1147599 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 207921 | Total |
| Management And General | 207921 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| EQUIPMENT RENTAL AND MA | 704780 | 704780 | ||
| SCHOLARSHIPS AND AWARDS | 631000 | 631000 | ||
| SPECIAL EVENTS | 411753 | 250931 | 160822 | |
| BAD DEBTS | 323021 | 323021 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 941549 | Total |
| Program Services | 582249 | ProgramServices |
| Management And General | 346505 | ManagementAndGeneral |
| Fundraising | 12795 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 22409644 | Total |
| Program Services | 9450575 | ProgramServices |
| Management And General | 12360496 | ManagementAndGeneral |
| Fundraising | 598573 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2682155 | BOY |
| EOY | 1713025 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1288998 | BOY |
| EOY | 1755654 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 410144 | BOY |
| EOY | 419539 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15986308 | BOY |
| EOY | 18209276 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 280984 | BOY |
| EOY | 159600 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 346443 | BOY |
| EOY | 392660 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 29691866 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 15028862 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15185821 | BOY |
| EOY | 14663004 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 49920474 | BOY |
| EOY | 51954159 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 633539 | BOY |
| EOY | 6933755 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 86734866 | BOY |
| EOY | 96200672 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1961842 | BOY |
| EOY | 2312920 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1339310 | BOY |
| EOY | 1575822 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9800000 | BOY |
| EOY | 9800000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8062535 | BOY |
| EOY | 12058527 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21163687 | BOY |
| EOY | 25747269 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 46164718 | BOY |
| EOY | 48185254 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12367576 | BOY |
| EOY | 15154428 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7038885 | BOY |
| EOY | 7113721 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 65571179 | BOY |
| EOY | 70453403 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 86734866 | BOY |
| EOY | 96200672 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 536697 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 4647182 | ReconciliationUnrealizedInvest |
| Reconcilation Prior Adjustment | -301655 | ReconcilationPriorAdjustment |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| 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) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 15452917 | BeginningOfYearBalance |
| Contributions | 1928425 | Contributions |
| Investment Earnings Or Losses | 1385298 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 1694295 | GrantsOrScholarships |
| End Of Year Balance | 17072345 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 15491099 | BeginningOfYearBalance |
| Contributions | 954542 | Contributions |
| Investment Earnings Or Losses | -277406 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 715318 | GrantsOrScholarships |
| End Of Year Balance | 15452917 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 13321563 | BeginningOfYearBalance |
| Contributions | 419126 | Contributions |
| Investment Earnings Or Losses | 2170078 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 419668 | GrantsOrScholarships |
| End Of Year Balance | 15491099 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 11986229 | BeginningOfYearBalance |
| Contributions | 369938 | Contributions |
| Investment Earnings Or Losses | 1443385 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 477989 | GrantsOrScholarships |
| End Of Year Balance | 13321563 | EndOfYearBalance |
Current Year Minus4 Years CurrentYearMinus4Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 11528711 | BeginningOfYearBalance |
| Contributions | 3124145 | Contributions |
| Investment Earnings Or Losses | -2196887 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 469740 | GrantsOrScholarships |
| End Of Year Balance | 11986229 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.35880 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.42230 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.21890 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2915883 | OtherCostOrOtherBasis |
| Book Value | 2915883 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 14426075 | OtherCostOrOtherBasis |
| Depreciation | 6063775 | Depreciation |
| Book Value | 8362300 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1435251 | OtherCostOrOtherBasis |
| Depreciation | 1098761 | Depreciation |
| Book Value | 336490 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 10914657 | OtherCostOrOtherBasis |
| Depreciation | 7866326 | Depreciation |
| Book Value | 3048331 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 14663004 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | CONSTRUCTION IN PROCESS | Description |
| Book Value | 6933755 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 6933755 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| ADVANCES FROM THE FEDERAL GOVERNMENT FOR STUDENT LOANS | $7,658,795 |
| ADVANCES FROM OAL | $899,732 |
| CAPITAL LEASE OBLIGATIONS | $3,500,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 12058527 | TotalOfAmounts |
| Tot Revenue Etc Audited Fincl Stmt | 29467070 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 4647182 | NetUnrealizedGainsInvestments |
| Other Revenues | 1873547 | OtherRevenues |
| Revenue Not Rptd F990 | 6520729 | RevenueNotRptdF990 |
| Revenue Subtotal | 22946341 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 22946341 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 24283191 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 1873547 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 1873547 | ExpensesNotRptdF990 |
| Expenses Subtotal | 22409644 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 22409644 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: | PART V, LINE 4: | ENDOWMENT FUND CREATED TO ACCUMULATE MONIES TO SUPPORT THE COLLEGE AND ITS MISSION OVER THE LONG TERM. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | COST OF GOODS SOLD | |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | COST OF GOODS SOLD |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION | SCHEDULE E, PART I, LINE 3 | EQUAL OPPORTUNITY STATEMENT AND NONDISCRIMINATION POLICY IS INCLUDED IN ALL OFFICIAL LITERATURE AND PROMOTIONAL MATERIAL. SOUTHERN COLLEGE OF OPTOMETRY RECEIVES FUNDS FROM GOVERNMENT AGENCIES FOR THE BENEFIT OF CERTAIN STUDENTS. |
| EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE | SCHEDULE E, PART I, LINE 6 | SOUTHERN COLLEGE OF OPTOMETRY RECEIVES GOVERNMENT ASSISTANCE TO HELP IN FUNDING THE SCHOOL'S FEDERAL WORK STUDY PROGRAM FOR PARTICIPATING STUDENTS. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (12 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DR RICHARD PHILLIPS | ||||||||||||||
| PRESIDENT | 324685 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 55206 | 0 | 379891 | 0 | 0 | 0 |
| DAVID WEST | ||||||||||||||
| V.P. FOR FINANCE & ADMIN | 165347 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 42460 | 0 | 207807 | 0 | 0 | 0 |
| DR LEWIS REICH | ||||||||||||||
| VICE PRESIDENT | 211417 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 46923 | 0 | 258340 | 0 | 0 | 0 |
| DR KRISTEN ANDERSON | ||||||||||||||
| VICE PRESIDENT | 167536 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 19509 | 0 | 187045 | 0 | 0 | 0 |
| JOE HAUSER | ||||||||||||||
| SECRETARY/TREASURER | 142151 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 39175 | 0 | 181326 | 0 | 0 | 0 |
| DR JAMES VENABLE | ||||||||||||||
| VICE PRESIDENT | 161355 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 33829 | 0 | 195184 | 0 | 0 | 0 |
| ANN FIELDS | ||||||||||||||
| V.P. OF HUMAN RESOURCES | 121518 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 36166 | 0 | 157684 | 0 | 0 | 0 |
| JAMES NEWMAN OD | ||||||||||||||
| FACULTY | 150228 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 29612 | 0 | 179840 | 0 | 0 | 0 |
| JOHN CAMPBELL OD | ||||||||||||||
| FACULTY | 149231 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 33751 | 0 | 182982 | 0 | 0 | 0 |
| GLEN STEEL OD | ||||||||||||||
| FACULTY | 143496 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32332 | 0 | 175828 | 0 | 0 | 0 |
| WILLIAM EDMONDSON OD | ||||||||||||||
| FACULTY | 141600 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 31869 | 0 | 173469 | 0 | 0 | 0 |
| CHRIS LIEVENS OD | ||||||||||||||
| FACULTY | 133813 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 39237 | 0 | 173050 | 0 | 0 | 0 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (4 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | A COPY OF THE 990 IS PROVIDED TO THE EXECUTIVE COMMITTEE AND BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE REVIEWS THE FORM 990 ON BEHALF OF THE BOARD OF TRUSTEES BEFORE FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS AND APPROVES BASED ON DATA COMPARABLE TO OTHER INSTITUTIONS. BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANNUALLY AND NO SUCH CONFLICTS EXIST. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE BOARD OF TRUSTEE EXECUTIVE COMMITTEE AND THE EXECUTIVE COMPENSATION COMMITTEE PROVIDE RECOMMENDATIONS FOR THE COMPENSATION OF THE PRESIDENT AND KEY MANAGEMENT OFFICIALS BASED ON DATA COMPARABLE TO OTHER INSTITUTIONS, WRITTEN EMPLOYMENT CONTRACTS, AND COMPENSATION STUDIES AND SURVEYS. COMPENSATION IS APPROVED BY THE BOARD/COMPENSATION COMMITTEE. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
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