2012-04-30T14:51:45-05:00 2011-08-31 FITTS ROBERTS & CO PC 5718 WESTHEIMER SUITE 800 HOUSTON TX 77057 990 2010-09-01 760196908 TEXAS CHIROPRACTIC COLLEGE FND INC TEXA 2814871170 5912 SPENCER HIGHWAY PASADENA TX 77505 BILL QUINN 7134871170 2012-04-30 1 ROSE KAY PARKER CPA 7132605230 2012-03-14 2010 2016-02-24 21:20:13Z BILL QUINN 5912 SPENCER HIGHWAY PASADENA TX 77505 10549548 0 X WWW.TXCHIRO.EDU X 1955 TX TEXAS CHIROPRACTIC COLLEGE (TCC) PROVIDES QUALIFIED STUDENTS A PATIENT-CENTERED EDUCATIONAL PROGRAM LEADING TO THE DOCTOR OF CHIROPRACTIC DEGREE. THE CURRICULUM PROMOTES THE DEVELOPMENT OF THE STUDENT'S ATTITUDES, KNOWLEDGE, AND SKILLS REQUIRED OF A CHIROPRACTOR SERVING THE PUBLIC AS A PRIMARY CARE PHYSICIAN. OPERATING WITHIN THE HIGHEST LEVELS OF PROFESSIONALISM, THE COLLEGE IS ALSO COMMITTED TO SERVING THE NEEDS OF THE STUDENTS, THE PROFESSION AND THE PUBLIC THROUGH LEADERSHIP, SCHOLARSHIP, RESEARCH, PATIENT CARE AND SERVICE ACTIVITIES IN THE FIELD OF CHIROPRACTIC. 23 23 264 75 0 0 384068 282370 9763703 8633153 424427 312602 172239 223431 10744437 9451556 104307 109975 0 0 5998325 6768603 0 0 360042 4387192 4096253 10489824 10974831 254613 -1523275 20320730 18716341 3673554 3329116 16647176 15387225 X TEXAS CHIROPRACTIC COLLEGE (TCC) PROVIDES QUALIFIED STUDENTS A PATIENT-CENTERED EDUCATIONAL PROGRAM LEADING TO THE DOCTOR OF CHIROPRACTIC DEGREE. THE CURRICULUM PROMOTES THE DEVELOPMENT OF THE STUDENT'S ATTITUDES, KNOWLEDGE, AND SKILLS REQUIRED OF A CHIROPRACTOR SERVING THE PUBLIC AS A PRIMARY CARE PHYSICIAN. OPERATING WITHIN THE HIGHEST LEVELS OF PROFESSIONALISM, THE COLLEGE IS ALSO COMMITTED TO SERVING THE NEEDS OF THE STUDENTS, THE PROFESSION AND THE PUBLIC THROUGH LEADERSHIP, SCHOLARSHIP, RESEARCH, PATIENT CARE AND SERVICE ACTIVITIES IN THE FIELD OF CHIROPRACTIC. 0 0 9284707 145625 8863486 PROVIDED POST SECONDARY EDUCATION FOR APPROXIMATELY 400 STUDENTS FOR ENTRY INTO THE CHIROPRACTIC PROFESSION. 9284707 1 1 0 1 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 56 0 1 264 1 0 0 0 0 0 1 1 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 1 1 0 0 0 X X BILL QUINN 2814871170 5912 SPENCER HIGHWAY PASADENA TX 77505 ARMANDO BANOS ALVAREZ MD DC 1.00 X 0 0 0 MONTE BLUE EDD 1.00 X 0 0 0 ALFRED C CARTMAN JR DC 1.00 X 0 0 0 KEN CAUTHORN 1.00 X 0 0 0 JACK CHRISTIE DC 1.00 X 0 0 0 JOHN FELKER III DC 1.00 X 0 0 0 BRIAN HAWKINS DC 1.00 X 0 0 0 ANA HERNANDEZ BA JD 1.00 X 0 0 0 LARRY C JOHNSON 1.00 X 0 0 0 KURT JUERGENS DC 1.00 X 0 0 0 DONALD KRIPPENDORF DC 1.00 X 0 0 0 STEVE MINORS DC 1.00 X 0 0 0 ROBERT BOB MITCHELL 1.00 X 0 0 0 BANG NGUYEN DC 1.00 X 0 0 0 JACK FULKMAN III DC 1.00 X 0 0 0 JOHN GENTILE DC 1.00 X 0 0 0 JIM GILBERT BBA 1.00 X 0 0 0 M SHAUN HOLT MD 1.00 X 0 0 0 SHAUN A MCRAE DC BS 1.00 X 0 0 0 BRAD MCKECHNIE DC 1.00 X 0 0 0 CHERYL DAWN SCHWAB DC 1.00 X 0 0 0 L BERT WILLIAMS DC 1.00 X 0 0 0 JUDGE HOLLY WILLIAMSON 1.00 X 0 0 0 RICHARD G BRASSARD DC 40.00 X 250621 0 12978 STEVE HASLUND PHD 40.00 X 113637 0 6979 AL ADAMS DC 40.00 X 98134 0 5930 BILL QUINN 40.00 X 90676 0 5454 CLAY MCDONALD 40.00 X 133221 0 12978 FRED ZUKER PHD 40.00 X 111835 0 6666 798124 0 50985 4 0 1 0 0 39465 94151 148754 282370 TUITION & FEES 611600 8313082 8313082 CLINIC REVENUE 611710 320071 320071 8633153 239222 239222 8549 8549 1109831 911 1037362 72469 911 73380 911 72469 46090 39465 60630 -14540 -14540 CONSULTING 611710 140000 140000 EXHIBITOR FEES 611710 65612 65612 MISCELLANEOUS 611710 23810 23810 229422 9451556 8863486 0 305700 109975 109975 5603621 4377191 1030861 195569 239661 185771 43008 10882 448644 379335 47913 21396 476677 399637 60319 16721 114073 106617 7456 61769 61769 40569 40569 114161 99623 10466 4072 113195 87344 25851 165626 150572 7169 7885 469524 469524 185300 144130 32937 8233 363301 366191 -2890 116912 116912 776157 776157 232914 232914 EQUIPMENT RENT & MAINT 513458 510025 3433 MISCELLANEOUS 305448 285280 3380 16788 LIBRARY 113592 113592 TELEPHONE 67529 62129 4387 1013 PRINTING & PUBLICATIONS 60349 36015 481 23853 282376 235204 19936 27236 10974831 9284707 1330082 360042 636 635 1790664 256738 100875 100000 292208 226241 9779 115971 253868 313415 21180436 10741809 10764694 10438627 7041498 7201692 5000 5000 61508 58022 20320730 18716341 892427 772793 301330 192964 2479797 2363359 3673554 3329116 X 15818815 14449548 525992 635308 302369 302369 16647176 15387225 20320730 18716341 X -1523275 263324 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 12405 0 1 111644 124049 0 EXPLANATION OF OTHER LOBBYING ACTIVITIES: PART II-B, LINE 1I: LEGISLATIVE CONSULTANTS WERE HIRED TO ASSIST IN PASSAGE OF LEGISLATION PERTAINING DIRECTLY TO TEXAS CHIROPRACTIC COLLEGE FND., INC. AND TO TRACK LEGISLATION PERTAINING TO HIGHER EDUCATION IN GENERAL. THE CONSULTANTS WORKED IN CONJUCTION WITH COLLEGE PERSONNEL AND ALUMNI TO MEET WITH SENATORS AND REPRESENTATIVES REGARDING PLACEMENT OF THE COLLEGE WITHIN A STATE UNIVERSITY SYSTEM AND/OR SECURING STATE FUNDS FOR THE COLLEGE. THE LOBBYING COSTS OF $124,049 REPRESENT 1.12% OF THE ORGANIZATION'S TOTAL EXPENSES FOR THE YEAR, AND THEREFORE DID NOT REPRESENT A SUBSTANTIAL PART OF THEIR ACTIVITIES. 7278754 480311 929204 37964 6791897 7051064 262411 34721 7278754 7051064 7051064 1.00000 1 0 85961 85961 21094475 10741809 10352666 10438627 9451556 10974831 -1523275 263324 263324 -1259951 9780127 263323 65248 328571 9451556 0 9451556 11040078 65247 65247 10974831 0 10974831 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: TO ENHANCE THE LONG TERM OPERATION OF THE COLLEGE, PROVIDE FINANCIAL LEVERAGE AND BE USED AS NEEDED AND AS WHEN DIRECTED BY THE BOARD OF REGENTS TO SPEND ON EXPENDITURES SUCH AS, BUT NOT LIMITED TO, OPERATING, PLANT/BUILDING AND RESEARCH. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: NOTE F - FEDERAL TAXES AND UNCERTAIN TAX POSITIONS THE COLLEGE IS A NON-PROFIT AGENCY EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP) PROVIDE DETAILED GUIDANCE FOR THE FINANCIAL STATEMENT RECOGNITION, MEASUREMENT AND DISCLOSURE OF UNCERTAIN TAX POSITIONS RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS. GAAP REQUIRES AN ENTITY TO RECOGNIZE THE FINANCIAL STATEMENT IMPACT OF A TAX POSITION WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION. THE COLLEGE BELIEVES THAT ALL SIGNIFICANT TAX POSITIONS UTILIZED BY THE COLLEGE WILL MORE LIKELY THAN NOT BE SUSTAINED UPON EXAMINATION. ACCORDINGLY, THE COLLEGE HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT AUGUST 31, 2011. THE COLLEGE IS SUBJECT TO ROUTINE AUDITS OF THE INTERNAL REVENUE SERVICE. THE COLLEGE BELIEVES IT IS NO LONGER SUBJECT TO AUDITS FOR YEARS PRIOR TO 2008. THE COLLEGE'S POLICY IS TO CLASSIFY INCOME TAX RELATED INTEREST AND PENALTIES IN INTEREST EXPENSE AND OTHER EXPENSE, RESPECTIVELY. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FROM SPECIAL EVENTS REPORTED AS AN EXPENSE ON FINANCIAL STMT 60,630. INVESTMENT ADJUSTMENTS 4,618. PART XIII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FROM SPECIAL EVENTS OFFSETTING REVENUE ON 990 60,630. INVESTMENT ADJUSTMENT 4,617. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 1 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE POLICY ON NON-DISCRIMINATION IS STATED IN THE CATALOG. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES FEDERAL FINANCIAL ASSISTANCE FROM THE U.S. DEPARTMENT OF EDUCATION. ALL FEDERAL FUNDS RECEIVED ARE AWARDED TO STUDENTS MEETING SPECIFIC CRITERIA AS DESIGNATED BY THE DEPARTMENT OF EDUCATION. THE UNITED STATES DEPARTMENT OF EDUCATION TEMPORARILY SUSPENDED THE COLLEGE'S ABILITY TO DRAW FUNDS ON JULY 15, 1992. THE SUSPENSION WAS DUE TO AN ERRONEOUS FEDERAL CASH MANAGEMENT FORM FILED WITH THE DEPT. THE COLLEGE RESPONDED TO THE INQUIRY ON AUGUST 3, 1992 AND WAS REMOVED FROM TEMPORARY SUSPENSION. GALA FUNDRAISING 85555 39465 46090 7478 29500 6300 17352 85555 39465 46090 7478 29500 6300 17352 60630 -14540 1 SCHOLARSHIPS 44 109975 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: GRANTS ARE FOR TUITION AND FEES THAT ARE DISBURSED IN THE BUSINESS OFFICE TO THE STUDENTS' ACCOUNTS. THE FINANCIAL AID OFFICE ENSURES THAT THE STUDENTS ARE WITHIN THEIR BUDGET ALLOWANCE. ADDITIONAL GRANTS ARE GIVEN TO PAY FOR BOOKS. X X 1 1 X X X 0 0 0 0 0 0 0 0 0 RICHARD G BRASSARD DC 217931 0 0 0 32690 0 12978 0 0 0 263599 0 0 0 X 2 1800 FAIR MARKET VALUE X MEDICAL EQUIPMENT 1 3400 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B THE EXECUTIVE COMMITTEE DID NOT ALWAYS PRODUCE MINUTES. FORM 990, PART VI, SECTION B, LINE 11 DEPENDING ON WHEN THE FIRST DRAFT IS COMPLETED, THE 990 IS PRESENTED AND DISCUSSED AT THE NEXT FINANCE COMMITTEE OF THE BOARD OF REGENTS MEETING. THE FINANCE COMMITTEE THEN PRESENTS TO THE BOARD OF REGENTS THE FINAL 990 OR REPORTS ON THE STATUS OF THE 990 AND ANY ITEMS NEEDING TO BE DISCUSSED. DEPENDING ON WHEN THE FINAL 990 IS COMPLETED, THE 990 IS EITHER PRESENTED AND DISCUSSED AT THE NEXT FINANCE COMMITTEE MEETING OR EXECUTIVE COMMITTEE OF THE BOARD OF REGENTS FOR APPROVAL AND ACTING ON BEHALF OF THE GOVERNING BODY. THE EXECUTIVE COMMITTEE PRESENTS AND DISCUSSES THE 990 AT THE NEXT BOARD OF REGENTS MEETING AND VOTES ON ACCEPTANCE. FORM 990, PART VI, SECTION B, LINE 12C BOARD OF REGENTS MEMBERS MUST ANNUALLY AND INTERMITTENTLY DISCLOSE ANY CONFLICTS OF INTEREST. IF THERE IS A CONFLICT OF INTEREST THE BOARD OF REGENTS DECIDES ON WHAT ACTION TO TAKE. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. THE AUDITED FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC UNLESS BY COURT ORDER. HOWEVER, FORM 990 CONTAINS COMPLETE FISCAL YEAR FINANCIAL INFORMATION AND IS AVAILABLE UPON REQUEST AND THE GUIDESTAR WEBSITE. THE SUMMARIZED AUDITED FINANCIAL STATEMENT INFORMATION IS REPORTED IN THE ANNUAL REPORT. THE ANNUAL REPORT IS DISTRIBUTED TO FRIENDS OF THE COLLEGE AND IS AVAILABLE UPON REQUEST. FINANCIAL INFORMATION IS ALSO REPORTED TO AND DISCLOSED ON THE US DEPARTMENT OF EDUCATION INTEGRATED POSTSECONDARY EDUCATION DATA SYSTEM (IPEDS). CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 263,324. FORM 990, PART XII, LINE 2C THE OVERSIGHT PROCESS AND SELECTION PROCESS HAS NOT CHANGED DURING THE TAX YEAR.