REMINGTON COLLEGE: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- REMINGTON COLLEGE (EIN 27-3339369)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-08-15
- IRS object ID
- 201202289349303135
- Schema version
- 2011v1.2
- 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) |
|---|---|---|
| Timestamp | 2012-08-15T14:54:35-05:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 201776739 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JPMS COX PLLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| 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 | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 273339369 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | REMINGTON COLLEGES INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | REMI | NameControl |
| Phone | 4075625500 | Phone |
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 |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | REID ALLISON | Name |
| Title | CFO | Title |
| Phone | 4075625500 | Phone |
| Date Signed | 2012-08-14 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MARY ELLEN VANGILDER | Name |
| PTIN | P00626271 | PTIN |
| Phone | 5012275800 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | JACK FORREST | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| 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 | 159354163 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.REMINGTONCOLLEGE.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2008 | YearFormation |
| State Legal Domicile | AR | StateLegalDomicile |
| Activity Or Mission Description | POST-SECONDARY EDUCATION | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 5 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 0 | NbrIndependentVotingMembers |
| Total Nbr Employees | 2130 | TotalNbrEmployees |
| Total Nbr Volunteers | 4 | TotalNbrVolunteers |
| Total Gross UBI | 179958 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 178958 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1750000 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 0 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 156999906 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 0 | InvestmentIncomePriorYear |
| Investment Income Current Year | -17838 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 180408 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 0 | TotalRevenuePriorYear |
| Total Revenue Current Year | 158912476 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 716524 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 0 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 72207415 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 0 | OtherExpensePriorYear |
| Other Expenses Current Year | 75556715 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 0 | TotalExpensesPriorYear |
| Total Expenses Current Year | 148480654 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 0 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 10431822 | RevenuesLessExpensesCY |
| Total Assets BOY | 0 | TotalAssetsBOY |
| Total Assets EOY | 196223108 | TotalAssetsEOY |
| Total Liabilities BOY | 0 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 213686160 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 0 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | -17463052 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | 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 INTO THEIR (CON'T ON SCH O) CHOSEN CAREER FIELDS. REMINGTON COLLEGE BELIEVES THAT A WELL-EDUCATED WORKFORCE CONTRIBUTES TO THE ECONOMIC AND SOCIAL VIBRANCY OF THE DIVERSE COMMUNITIES IN WHICH ITS STUDENTS, FACULTY AND STAFF LIVE. TO ACCOMPLISH ITS MISSION, REMINGTON COLLEGE IS COMMITTED TO PROVIDING A CARING LEARNING ENVIRONMENT IN WHICH A TECHNICALLY RICH, INTELLECTUALLY STIMULATING, QUALITY EDUCATION IS DELIVERED BY A DEDICATED FACULTY AND STAFF. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 140267581 | Expense |
| Grants | 716524 | Grants |
| Revenue | 157000356 | Revenue |
| Description | REMINGTON COLLEGES INC. 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 COLLEGES, INC. PROVIDED A CARING LEARNING ENVIRONMENT IN WHICH A TECHNICALLY RICH, INTELLECTUALLY STIMULATING, QUALITY EDUCATION WAS DELIVERED BY A DEDICATED FACULTY AND STAFF. | Description |
| Total Program Service Expense | 140267581 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 1 | 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 | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | 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 | 1 | GrantsToOrganizations |
| Grants To Individuals | 1 | 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 | 1 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 1 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 1 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | 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 | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 405 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 2130 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| 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 |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 5 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 0 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | 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 | 0 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Own Website | X | OwnWebsite |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | REID ALLISON | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 4075625761 | TelephoneNumber |
Address US AddressUS
| 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 Form990PartVIISectionA (48 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| JACK W FORREST | ||||||||
| PRESIDENT AND CEO | 40.00 | X | X | 381438 | 0 | 7625 | ||
| WARREN STEPHENS | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| KEVIN WILCOX | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| MARSHALL MCKISSACK | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| JERALD M BARNETT JR | ||||||||
| DIRECTOR | 15.00 | X | 0 | 0 | 0 | |||
| A REID ALLISON | ||||||||
| CHIEF FINANCIAL OFFICER | 40.00 | X | 274180 | 0 | 10688 | |||
| ROBERT LUTZ | ||||||||
| SENIOR VP & ASST. SECRETARY | 40.00 | X | 275595 | 0 | 10476 | |||
| CHARLES R CAMP | ||||||||
| SECRETARY & GENERAL COUNSEL | 40.00 | X | 277941 | 0 | 5583 | |||
| DR P MICHAEL LANOUETTE | ||||||||
| CHIEF ACADEMIC OFFICER | 40.00 | X | 278080 | 0 | 8340 | |||
| CHARLES FARRAJ | ||||||||
| CHIEF INFORMATION OFFICER | 40.00 | X | 192234 | 0 | 10129 | |||
| JONATHAN BAKER | ||||||||
| VICE PRESIDENT | 40.00 | X | 154080 | 0 | 7625 | |||
| JEREMY HERTZ | ||||||||
| VICE PRESIDENT - HUMAN RESOURCES | 40.00 | X | 137985 | 0 | 9280 | |||
| DALE LEATHERWOOD | ||||||||
| VICE PRESIDENT - DISTANCE LEARNING | 40.00 | X | 225997 | 0 | 10606 | |||
| TODD ZVAIGZNE | ||||||||
| REGIONAL VICE PRESIDENT - OPERATIONS | 40.00 | X | 218019 | 0 | 10487 | |||
| DR HIRAM NALL | ||||||||
| REGIONAL VICE PRESIDENT - OPERATIONS | 40.00 | X | 218001 | 0 | 8250 | |||
| JAKE FROEMSDORF | ||||||||
| VICE PRESIDENT & CONTROLLER | 40.00 | X | 136646 | 0 | 7625 | |||
| JAMES DUNN | ||||||||
| NATIONAL DIRECTOR OF FINANCIAL AID | 40.00 | X | 113359 | 0 | 3578 | |||
| MARY MCDANIEL | ||||||||
| DIRECTOR OF ACCREDITATION | 40.00 | X | 87809 | 0 | 3768 | |||
| DAVID NETZLEY | ||||||||
| VICE PRESIDENT | 40.00 | X | 143523 | 0 | 2400 | |||
| PATRICK RESETAR | ||||||||
| CAMPUS PRESIDENT - CLEVELAND CAMPUS | 40.00 | X | 101730 | 0 | 2152 | |||
| GARY AZOTEA | ||||||||
| CAMPUS PRESIDENT - CLEVELAND WEST CAMPUS | 40.00 | X | 147000 | 0 | 9380 | |||
| MIKE SMITH | ||||||||
| CAMPUS PRESIDENT - BATON ROUGE CAMPUS | 40.00 | X | 149182 | 0 | 7449 | |||
| JOANN BOUDREAUX | ||||||||
| CAMPUS PRESIDENT - LAFAYETTE CAMPUS | 40.00 | X | 114278 | 0 | 6441 | |||
| JERRY DRISKILL | ||||||||
| CAMPUS PRESIDENT - SHREVEPORT CAMPUS | 40.00 | X | 149080 | 0 | 9125 | |||
| KEN HEINEMANN | ||||||||
| CAMPUS PRESIDENT - HONOLULU & TAMPA CAMPUS | 40.00 | X | 175412 | 0 | 6732 | |||
| GREENIE W SKIP WALLS | ||||||||
| CAMPUS PRESIDENT - DALLAS CAMPUS | 40.00 | X | 202332 | 0 | 5194 | |||
| SHIRLEY MCCRAY | ||||||||
| CAMPUS PRESIDENT - COLORADO SPRINGS CAMPUS | 40.00 | X | 111759 | 0 | 1557 | |||
| LASHUNDIA BROOKS | ||||||||
| CAMPUS PRESIDENT - HOUSTON CAMPUS | 40.00 | X | 109955 | 0 | 5531 | |||
| ROBERT DOTY | ||||||||
| CAMPUS PRESIDENT - HOUSTON SOUTHEAST CAMPUS | 40.00 | X | 103067 | 0 | 118 | |||
| RANDAL HAYES | ||||||||
| CAMPUS PRESIDENT - LITTLE ROCK CAMPUS | 40.00 | X | 92354 | 0 | 2918 | |||
| LORI MAY | ||||||||
| CAMPUS PRESIDENT - MEMPHIS CAMPUS | 40.00 | X | 187891 | 0 | 5015 | |||
| LARRY COLLINS | ||||||||
| CAMPUS PRESIDENT - NASHVILLE CAMPUS | 40.00 | X | 152122 | 0 | 3405 | |||
| STEPHEN BACKMAN | ||||||||
| CAMPUS PRESIDENT - MOBILE CAMPUS | 40.00 | X | 154301 | 0 | 2090 | |||
| JOHN TOBY HAYES | ||||||||
| CAMPUS PRESIDENT - COLUMBIA CAMPUS | 40.00 | X | 144162 | 0 | 1951 | |||
| GREGORY FALCON | ||||||||
| CAMPUS PRESIDENT - FORT WORTH CAMPUS | 40.00 | X | 168938 | 0 | 7151 | |||
| ROSALIE LAMPONE | ||||||||
| CAMPUS PRESIDENT - TAMPA CAMPUS | 40.00 | X | 126438 | 0 | 4218 | |||
| JEREMY OWENS | ||||||||
| DEAN OF ACADEMIC AFFAIRS - DISTANCE LEARNING | 40.00 | X | 123840 | 0 | 9277 | |||
| KARIN POLIFKO | ||||||||
| VICE PRESIDENT | 40.00 | X | 241346 | 0 | 3017 | |||
| LOUIS LAMAIR | ||||||||
| CAMPUS PRESIDENT - HONOLULU CAMPUS | 40.00 | X | 122145 | 0 | 13393 | |||
| ROBERT MAUK | ||||||||
| CAMPUS PRESIDENT - HOUSTON SOUTHEAST CAMPUS | 40.00 | X | 68792 | 0 | 7625 | |||
| BRAD MOORE | ||||||||
| VICE PRESIDENT OF HEALTH SCIENCES | 40.00 | X | 136793 | 0 | 1744 | |||
| LAUREN LAWSON | ||||||||
| CAMPUS PRESIDENT ORLANDO NURSING | 40.00 | X | 69808 | 0 | 0 | |||
| MICHAEL RHODES | ||||||||
| NATL DIR OF HS ADMISSIONS | 40.00 | 159367 | 0 | 4657 | X | |||
| LINDA PHILLIPS-MORROW | ||||||||
| ELITE ADMISSIONS REP - FORT WORTH | 40.00 | 145485 | 0 | 7404 | X | |||
| SHONDA WHISENHUNT | ||||||||
| DIRECTOR OF ADMISSIONS - DALLAS | 40.00 | 139584 | 0 | 9474 | X | |||
| EDMUND FLORES | ||||||||
| DIRECTOR OF ADMISSIONS - NORTH HOUSTON | 40.00 | 107737 | 0 | 2630 | X | |||
| SCOTT DANAHY | ||||||||
| ASSOCIATE GENERAL COUNSEL | 40.00 | 118373 | 0 | 8656 | X | |||
| MARC WRIGHT | ||||||||
| DIRECTOR OF ADMISSIONS - MEMPHIS | 40.00 | 105977 | 0 | 6350 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 7044135 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 271114 | TotalOtherCompensation |
| Number Individuals GT100 K | 46 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| 1103 LLC | |||||
| 1111 BISHOP ST STE 505 | HONOLULU | HI | 96813 | MAINTENANCE | 605933 |
| GREENS CROSSING II OWNER LP | |||||
| PO BOX 116789 | ATLANTA | GA | 30368 | MAINTENANCE | 285410 |
| CUNET LLC | |||||
| C/O NELNET 121 S 13TH STE 201 | LINCOLN | NE | 68508 | WEB-BASED ADVERTISING | 285091 |
| KUTAK ROCK LLP | |||||
| PO BOX 30057 | OMAHA | NE | 68103 | LEGAL | 212849 |
| BEADLE'S CLEANING SERVICES | |||||
| 1229 E OAKLAWN ST | TERRELL | TX | 75160 | JANITORIAL | 210005 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 13 | NumberOfContractorsGT100K |
| All Other Contributions | 1750000 | AllOtherContributions |
| Total Contributions | 1750000 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION AND FEES | 611310 | 156241509 | 156241509 |
| COSMETOLOGY | 611310 | 533212 | 533212 |
| CULINARY SERVICES | 611310 | 65988 | 65988 |
| DENTAL HYGIENE SERVICE | 611310 | 7475 | 7475 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 151722 | TotalRevenueColumn |
| Related Or Exempt Function Income | 151722 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 156999906 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 6160 | TotalRevenueColumn |
| Exclusion | $6,160 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 597352 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 416944 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 180408 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 180408 | TotalRevenueColumn |
| Related Or Exempt Function Income | 450 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 179958 | UnrelatedBusinessRevenue |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 745 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 24743 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -23998 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -23998 | TotalRevenueColumn |
| Exclusion | -$23,998 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 158912476 | TotalRevenueColumn |
| Related Or Exempt Function Income | 157000356 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 179958 | UnrelatedBusinessRevenue |
| Exclusion | -$17,838 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 256778 | Total |
| Program Services | 256778 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 459746 | Total |
| Program Services | 459746 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7044133 | Total |
| Program Services | 7044133 | ProgramServices |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 56270160 | Total |
| Program Services | 52192879 | ProgramServices |
| Management And General | 4077281 | ManagementAndGeneral |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 239604 | Total |
| Program Services | 216783 | ProgramServices |
| Management And General | 22821 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3095105 | Total |
| Program Services | 2686125 | ProgramServices |
| Management And General | 408980 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5558413 | Total |
| Program Services | 5288487 | ProgramServices |
| Management And General | 269926 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 151580 | Total |
| Program Services | 110233 | ProgramServices |
| Management And General | 41347 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3404733 | Total |
| Program Services | 2631957 | ProgramServices |
| Management And General | 772776 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 29132 | Total |
| Management And General | 29132 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 29551 | Total |
| Management And General | 29551 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 809312 | Total |
| Program Services | 369784 | ProgramServices |
| Management And General | 439528 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10826996 | Total |
| Program Services | 10826996 | ProgramServices |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8546609 | Total |
| Program Services | 8064400 | ProgramServices |
| Management And General | 482209 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1470676 | Total |
| Program Services | 1018745 | ProgramServices |
| Management And General | 451931 | ManagementAndGeneral |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 78536 | Total |
| Program Services | 78536 | ProgramServices |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18377082 | Total |
| Program Services | 17812411 | ProgramServices |
| Management And General | 564671 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 879174 | Total |
| Program Services | 781893 | ProgramServices |
| Management And General | 97281 | ManagementAndGeneral |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 129489 | Total |
| Program Services | 120845 | ProgramServices |
| Management And General | 8644 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 800490 | Total |
| Program Services | 800490 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13380591 | Total |
| Program Services | 13261175 | ProgramServices |
| Management And General | 119416 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1113933 | Total |
| Program Services | 976590 | ProgramServices |
| Management And General | 137343 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| TEXTBOOKS & SUPPLIES | 9904940 | 9904940 | |
| STUDENT ACTIVITIES | 2439161 | 2439161 | |
| EMPLOYEES & PERSONNEL | 872609 | 801148 | 71461 |
| OUTSIDE FINANCIAL AID S | 661112 | 661112 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1651009 | Total |
| Program Services | 1462234 | ProgramServices |
| Management And General | 188775 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 148480654 | Total |
| Program Services | 140267581 | ProgramServices |
| Management And General | 8213073 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 134556 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 6233162 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 46203897 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 45690 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 2013669 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 15269797 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 4026407 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 11243390 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 129268752 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 1079992 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 196223108 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 27212376 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 50695384 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 1362747 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 134415653 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 213686160 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | -17463052 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | -17463052 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 196223108 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 10431822 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -27894874 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 0 | FSAudited |
| 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 C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | Volunteers |
| Paid Staff Or Management | 0 | PaidStaffOrManagement |
| Media Advertisements | 0 | MediaAdvertisements |
| Mailings Members | 0 | MailingsMembers |
| Publications Or Broadcast | 0 | PublicationsOrBroadcast |
| Grants Other Organizations | 0 | GrantsOtherOrganizations |
| Direct Contact Legislators | 1 | DirectContactLegislators |
| Direct Contact Legislators | $29,132 | DirectContactLegislatorsAmount |
| Rallies Demonstrations | 0 | RalliesDemonstrations |
| Other Activities | 0 | OtherActivities |
| Total Lobbying Expenditures IIB | 29132 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | 0 | NotDescribedIn501c3 |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | EXPLANATION OF OTHER LOBBYING ACTIVITIES: | Identifier |
| Return Reference | PART II-B, LINE 1I: | ReturnReference |
| 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 ACTIVATES OCCUR. THE TIME SPENT BY OFFICERS OF THE COMPANY IN LOBBYING ACTIVATES 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 POLICES THAT ARE NOT RELATED TO THE BUSINESS OF THE EDUCATIONAL INSTITUTION OPERATED BY THE COMPANIES. | Explanation |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 184749 | OtherCostOrOtherBasis |
| Depreciation | 17819 | Depreciation |
| Book Value | 166930 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 14725628 | OtherCostOrOtherBasis |
| Depreciation | 3918733 | Depreciation |
| Book Value | 10806895 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 359420 | OtherCostOrOtherBasis |
| Depreciation | 89855 | Depreciation |
| Book Value | 269565 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 11243390 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| NOTES PAYABLE - EAI | $133,820,183 |
| LONG TERM LINE OF CREDIT | $545,470 |
| DEPOSIT PAYABLE | $50,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 134415653 | TotalOfAmounts |
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 | 0 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION | Identifier |
| Return Reference | SCHEDULE E, PART I, LINE 3 | ReturnReference |
| Explanation | THE POLICY IS PUBLISHED ON THE COMPANY'S WEB PAGE AND IN THE CATALOG GIVEN TO EACH INDIVIDUAL THAT ENROLLS TO ATTEND 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. | Explanation |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable
Recipient Name Business RecipientNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JACK T STEPHENS CHARITABLE TRUST | BusinessNameLine1 |
Address US AddressUS
| 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 Of Recipient | 204545463 | EINOfRecipient |
| IRC Section | 501(C)(3) | IRCSection |
| Amount Of Cash Grant | 250000 | AmountOfCashGrant |
| Purpose Of Grant | EDUCATIONAL | PurposeOfGrant |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 1 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 0 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | SCHOLARSHIP | TypeOfGrant |
| Number Of Recipients | 6 | NumberOfRecipients |
| Amount Of Non Cash Assistance | 459746 | AmountOfNonCashAssistance |
| Method Of Valuation | VALUE OF CREDIT HOURS | MethodOfValuation |
| Description Of Non Cash Assistance | SCHOLARSHIPS TO HIGH SCHOOL STUDENTS | DescriptionOfNonCashAssistance |
Form990 Schedule I Part IV Form990ScheduleIPartIV (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | PART I, LINE 2: | SCHEDULE I, PART I, LINE 2: GRANTS TO INDIVIDUALS. THE SCHOLARSHIPS ARE AWARDED TO STUDENTS THAT ATTEND ONE OF THE COMPANY'S COLLEGES. A SCHOLARSHIP COMMITTEE 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 AND 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 THE SCHOLARSHIP IS CREDITED TO THE STUDENT'S ACCOUNT. IF A STUDENT WITHDRAWS FROM THE COLLEGE, THE UNUSED PORTION OF THE SCHOLARSHIP IS CANCELLED AND NO FUNDS ARE EVER DISBURSED DIRECTLY TO THE GRANTEE OF A SCHOLARSHIP. GRANTS TO ORGANIZATIONS: GRANTS OF MORE THAN $5,000 TO A SINGLE ORGANIZATION ARE RESTRICTED TO USE FOR EDUCATIONAL PURPOSES AND ARE ONLY AWARDED TO NONPROFIT ENTITIES. THE SPECIFIC USE OR PURPOSE IS INDICATED AT THE TIME THE GRANT IS AWARDED AND THE GRANTEE MUST CONFIRM THAT IT UNDERSTANDS THE RESTRICTIONS. THE COMPANY SUBSEQUENTLY CONFIRMS THE USE WITH THE GRANTEE AND WILL ALSO REVIEW THE 990 OF THE GRANTEE TO CONFIRM THE USE WAS IN COMPLIANCE WITH THE RESTRICTIONS PLACED ON THE GRANT. |
| SCHEDULE I, PART 1, LINE 2: |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Written Policy Re T And E Expenses | 0 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Written Employment Contract | X | WrittenEmploymentContract |
| Severance Payment | 1 | 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 | 1 | InitialContractException |
| Rebuttable Presumption Procedure | 1 | RebuttablePresumptionProcedure |
Form990 Schedule J Part II Form990ScheduleJPartII (22 entries)
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JACK W FORREST | |||||||||||||
| 381438 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7625 | 0 | 389063 | 0 | 0 | 0 |
| A REID ALLISON | |||||||||||||
| 274180 | 0 | 0 | 0 | 0 | 0 | 3063 | 0 | 7625 | 0 | 284868 | 0 | 0 | 0 |
| ROBERT LUTZ | |||||||||||||
| 275595 | 0 | 0 | 0 | 0 | 0 | 3063 | 0 | 7413 | 0 | 286071 | 0 | 0 | 0 |
| CHARLES R CAMP | |||||||||||||
| 277941 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5583 | 0 | 283524 | 0 | 0 | 0 |
| DR P MICHAEL LANOUETTE | |||||||||||||
| 278080 | 0 | 0 | 0 | 0 | 0 | 715 | 0 | 7625 | 0 | 286420 | 0 | 0 | 0 |
| CHARLES FARRAJ | |||||||||||||
| 192234 | 0 | 0 | 0 | 0 | 0 | 2504 | 0 | 7625 | 0 | 202363 | 0 | 0 | 0 |
| JONATHAN BAKER | |||||||||||||
| 154080 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7625 | 0 | 161705 | 0 | 0 | 0 |
| DALE LEATHERWOOD | |||||||||||||
| 225997 | 0 | 0 | 0 | 0 | 0 | 2981 | 0 | 7625 | 0 | 236603 | 0 | 0 | 0 |
| TODD ZVAIGZNE | |||||||||||||
| 218019 | 0 | 0 | 0 | 0 | 0 | 2862 | 0 | 7625 | 0 | 228506 | 0 | 0 | 0 |
| DR HIRAM NALL | |||||||||||||
| 218001 | 0 | 0 | 0 | 0 | 0 | 2862 | 0 | 5388 | 0 | 226251 | 0 | 0 | 0 |
| GARY AZOTEA | |||||||||||||
| 147000 | 0 | 0 | 0 | 0 | 0 | 1755 | 0 | 7625 | 0 | 156380 | 0 | 0 | 0 |
| MIKE SMITH | |||||||||||||
| 149182 | 0 | 0 | 0 | 0 | 0 | 1938 | 0 | 5511 | 0 | 156631 | 0 | 0 | 0 |
| JERRY DRISKILL | |||||||||||||
| 149080 | 0 | 0 | 0 | 0 | 0 | 1500 | 0 | 7625 | 0 | 158205 | 0 | 0 | 0 |
| KEN HEINEMANN | |||||||||||||
| 175412 | 0 | 0 | 0 | 0 | 0 | 2265 | 0 | 4467 | 0 | 182144 | 0 | 0 | 0 |
| GREENIE W SKIP WALLS | |||||||||||||
| 202332 | 0 | 0 | 0 | 0 | 0 | 2564 | 0 | 2630 | 0 | 207526 | 0 | 0 | 0 |
| LORI MAY | |||||||||||||
| 187891 | 0 | 0 | 0 | 0 | 0 | 2385 | 0 | 2630 | 0 | 192906 | 0 | 0 | 0 |
| LARRY COLLINS | |||||||||||||
| 152122 | 0 | 0 | 0 | 0 | 0 | 775 | 0 | 2630 | 0 | 155527 | 0 | 0 | 0 |
| STEPHEN BACKMAN | |||||||||||||
| 154301 | 0 | 0 | 0 | 0 | 0 | 1967 | 0 | 123 | 0 | 156391 | 0 | 0 | 0 |
| GREGORY FALCON | |||||||||||||
| 168938 | 0 | 0 | 0 | 0 | 0 | 2206 | 0 | 4945 | 0 | 176089 | 0 | 0 | 0 |
| KARIN POLIFKO | |||||||||||||
| 241346 | 0 | 0 | 0 | 0 | 0 | 3017 | 0 | 0 | 0 | 244363 | 0 | 0 | 0 |
| MICHAEL RHODES | |||||||||||||
| 159367 | 0 | 0 | 0 | 0 | 0 | 2027 | 0 | 2630 | 0 | 164024 | 0 | 0 | 0 |
| LINDA PHILLIPS-MORROW | |||||||||||||
| 145485 | 0 | 0 | 0 | 0 | 0 | 1893 | 0 | 5511 | 0 | 152889 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (3 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| 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 | CURRENT 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
Form990 Schedule L Part III Form990ScheduleLPartIII (3 entries)
| Name Of Interested PersonNameOfInterestedPerson | Relationship With OrganizationRelationshipWithOrganization | Amount Of GrantAmountOfGrant | Type Of AssistanceTypeOfAssistance |
|---|---|---|---|
| GREGORY FALCON | OFFICER | 12000 | SCHOLARSHIP |
| GARY AZOTEA | OFFICER | 7997 | SCHOLARSHIP |
| RANDAL HAYES | OFFICER | 23062 | SCHOLARSHIP |
Form990 Schedule L Part IV Form990ScheduleLPartIV (8 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| EDUCATION AMERICA INC | |||
| OFFICERS IN COMMON | 1317461 | PAYMENTS ON ASSET PURCHASE AGREEMENT | 0 |
| EAI REALTY INC | |||
| OFFICERS IN COMMON | 2380224 | RENT | 0 |
| REMINGTON COLLEGE - BCL INC | |||
| OFFICERS IN COMMON | 357000 | RENT | 0 |
| JB INTERESTS LLC | |||
| OWNED BY JERALD BARNETT, JR. (DIRECTOR) | 462504 | RENT | 0 |
| BARNETT DIVERSIFIED VENTURES | |||
| OWNED BY JERALD BARNETT, JR. (DIRECTOR) | 250000 | CONSULTING FEES | 0 |
| JERALD M BARNETT REVOCABLE TRUST | |||
| GRANTOR AND TRUST BENEFICIARY IS THE FATHER OF DIRECTOR JERALD BARNETT, JR. | 215256 | RENT | 0 |
| REMINGTON ADMINISTRATIVE SERVICES INC | |||
| OFFICERS IN COMMON | 1068195 | RENT | 0 |
| ACCESS EMPLOYABILITY SOLUTIONS | |||
| SPOUSE OF AN OFFICER OF THE CORPORATION IS OWNER OF ENTITY | 126000 | CONSULTING FEES | 0 |
Form990 Schedule L Part V Form990ScheduleLPartV (2 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| SCHEDULE L, PART III: | THE AMOUNTS DISCLOSED IN PART III OF SCHEDULE L REPRESENT THE VALUE OF THE SCHOLARSHIPS AWARDED TO CHILDREN 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 CHILDREN OF ALL COMPANY EMPLOYEES ARE ELIGIBLE FOR SUCH SCHOLARSHIPS AND THE SCHOLARSHIPS ARE AWARDED TO THE CHILD OF ANY EMPLOYEE OF THE COMPANY THAT APPLIES FOR A SCHOLARSHIP. |
| 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 DETERMINE TO BE A FAIR MARKET VALUE BY A THIRD PARTY VALUATION FIRM EMPLOYED BY THE COMPANY. |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (12 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART IV, LINE 12A: | THE ORGANIZATION DID NOT RECEIVE AUDITED FINANCIAL STATEMENTS FOR THE TAX YEAR ENDED DECEMBER 31, 2011 BUT DID RECEIVE AUDITED FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED JUNE 30, 2011. 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 ASSISTANT CONTROLLER, CONTROLLER, CHIEF FINANCIAL 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 FOR 2011. 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 5: | BAD DEBT EXPENSE -8,991,353. ACCRUED INTEREST EXPENSE -17,296,794. BOOK/TAX DIFFERENCE IN AMORTIZATION EXPENSE -1,606,727. TOTAL TO FORM 990, PART XI, LINE 5: -27,894,874. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| FORM 990, PART XII, LINE 2B: | THE ORGANIZATION RECEIVED AUDITED FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED JUNE 30, 2011. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JACKSON T STEPHENS CHARITABLE TRUST | BusinessNameLine1 |
Address US AddressUS
| 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 | PrimaryActivities |
| Legal Domicile State | AR | LegalDomicileState |
| Exempt Code Section | 501(C)(3) | ExemptCodeSection |
| Public Charity Status | PRIVATE FOUNDATION | PublicCharityStatus |
| Controlled Org | 0 | ControlledOrg |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 1 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable
Name Of Other Organization NameOfOtherOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JACKSON T STEPHENS CHARITABLE TRUST | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | B | TransactionType |
| Amount Involved | 250000 | AmountInvolved |
| Method Of Amt Determination | CASH | MethodOfAmtDetermination |